Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Oct. 31, 2018 | |
Entity Registrant Name | TRINITY CAPITAL CORP | |
Entity Central Index Key | 99,771 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Ex Transition Period | false | |
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Voting Common Stock [Member] | ||
Entity Common Stock, Shares Outstanding | 11,660,491 | |
Nonvoting [Member] | ||
Entity Common Stock, Shares Outstanding | 8,044,292 |
CONSOLIDATED BALANCE SHEETS (Un
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
ASSETS | ||
Cash and due from banks | $ 11,046 | $ 12,893 |
Interest-bearing deposits with banks | 3,645 | 22,541 |
Cash and cash equivalents | 14,691 | 35,434 |
Investment securities available for sale, at fair value | 437,975 | 468,733 |
Investment securities held to maturity, at amortized cost (fair value of $7,151 and $7,369 as of September 30, 2018 and December 31, 2017, respectively) | 7,769 | 7,854 |
Non-marketable equity securities | 5,819 | 3,617 |
Loans held for sale, at lower of cost or market | 6,815 | 0 |
Loans (net of allowance for loan losses of $9,528 and $13,803 as of September 30, 2018 and December 31, 2017, respectively) | 695,296 | 686,341 |
Bank owned life insurance ("BOLI") | 26,313 | 25,656 |
Premises and equipment, net | 28,027 | 28,542 |
Other real estate owned ("OREO"), net | 5,982 | 6,432 |
Deferred tax assets ("DTAs"), net | 11,621 | 10,143 |
Other assets | 13,283 | 14,781 |
Total assets | 1,253,591 | 1,287,533 |
Deposits: | ||
Noninterest-bearing | 175,655 | 161,677 |
Interest-bearing | 921,758 | 965,670 |
Total deposits | 1,097,413 | 1,127,347 |
Borrowings | 15,400 | 2,300 |
Junior subordinated debt | 26,766 | 36,941 |
Other liabilities | 6,243 | 15,399 |
Total liabilities | 1,145,822 | 1,181,987 |
Stock owned by Employee Stock Ownership Plan ("ESOP") participants; 723,127 shares and 831,645 shares as of September 30, 2018 and December 31, 2017, respectively, at fair value | 5,183 | 5,961 |
Commitments and contingencies (Note 13) | ||
Stockholders' equity | ||
Additional paid-in capital | 36,222 | 35,071 |
Retained earnings | 64,093 | 54,587 |
Common stock related to ESOP | (5,183) | (5,961) |
Accumulated other comprehensive loss | (12,250) | (3,763) |
Total shareholders' equity | 102,586 | 99,585 |
Total liabilities and shareholders' equity | 1,253,591 | 1,287,533 |
Voting Common Stock [Member] | ||
Stockholders' equity | ||
Common stock | 11,660 | 11,365 |
Nonvoting Common Stock [Member] | ||
Stockholders' equity | ||
Common stock | $ 8,044 | $ 8,286 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
ASSETS | ||
Investment securities held to maturity, at amortized cost | $ 7,151 | $ 7,369 |
Net of allowance for loan losses | $ 9,528 | $ 13,803 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ||
Participants, stock ownership (in shares) | 723,127 | 831,645 |
Voting Common Stock [Member] | ||
Stockholders' equity | ||
Common stock, par value (in dollars per share) | $ 0 | $ 0 |
Common stock, authorized (in shares) | 20,000,000 | 20,000,000 |
Common stock, issued (in shares) | 11,660,491 | 11,364,862 |
Common stock, outstanding (in shares) | 11,660,491 | 11,364,862 |
Nonvoting Common Stock [Member] | ||
Stockholders' equity | ||
Common stock, par value (in dollars per share) | $ 0 | $ 0 |
Common stock, authorized (in shares) | 20,000,000 | 20,000,000 |
Common stock, issued (in shares) | 8,044,292 | 8,286,200 |
Common stock, outstanding (in shares) | 8,044,292 | 8,286,200 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Interest income: | ||||
Loans held for sale | $ 125 | $ 0 | $ 167 | $ 0 |
Loans, including fees | 8,534 | 9,016 | 25,272 | 27,613 |
Interest and dividends on investment securities: | ||||
Taxable | 1,506 | 1,665 | 4,562 | 5,143 |
Nontaxable | 1,042 | 506 | 3,127 | 1,085 |
Other interest income | 78 | 275 | 256 | 574 |
Total interest income | 11,285 | 11,462 | 33,384 | 34,415 |
Interest expense: | ||||
Deposits | 424 | 432 | 1,255 | 1,333 |
Borrowings | 131 | 37 | 313 | 114 |
Junior subordinated debt | 363 | 599 | 1,501 | 1,912 |
Total interest expense | 918 | 1,068 | 3,069 | 3,359 |
Net interest income | 10,367 | 10,394 | 30,315 | 31,056 |
(Benefit) provision for loan losses | (1,000) | (250) | (1,480) | (1,220) |
Net interest income after benefit for loan losses | 11,367 | 10,644 | 31,795 | 32,276 |
Noninterest income: | ||||
Mortgage loan servicing fees | 0 | 446 | 0 | 1,394 |
Trust and investment services fees | 749 | 643 | 2,255 | 1,953 |
Service charges on deposits | 226 | 202 | 712 | 784 |
Net gain on sale of OREO | 191 | 130 | 764 | 800 |
Net gain on sale of loans | 0 | 0 | 0 | 0 |
Net loss on sale of securities | 0 | 0 | 0 | (1,248) |
BOLI income | 218 | 88 | 656 | 271 |
Mortgage referral fee income | 288 | 431 | 874 | 1,175 |
Interchange fees | 507 | 567 | 1,593 | 1,823 |
Other fees | 301 | 312 | 936 | 984 |
Venture capital investment income | 0 | 0 | 735 | (21) |
Other noninterest income | 18 | 13 | 32 | 85 |
Total noninterest income | 2,498 | 2,832 | 8,557 | 8,000 |
Noninterest expenses: | ||||
Salaries and employee benefits | 5,410 | 5,668 | 16,286 | 17,913 |
Occupancy | 522 | 553 | 1,592 | 1,590 |
Data processing | 952 | 1,132 | 2,894 | 3,557 |
Legal, professional and accounting fees | 488 | 712 | 1,540 | 3,998 |
Change in value of Mortgage servicing rights ("MSRs") | 0 | 677 | 0 | 1,406 |
Other noninterest expense | 1,674 | 2,931 | 5,955 | 10,010 |
Total noninterest expenses | 9,046 | 11,673 | 28,267 | 38,474 |
Income (loss) before provision for income taxes | 4,819 | 1,803 | 12,085 | 1,802 |
Provision for income taxes | 1,303 | 1,398 | 2,579 | 3,487 |
Net income (loss) | 3,516 | 405 | 9,506 | (1,685) |
Dividends and discount accretion on preferred shares | 0 | 0 | 0 | 770 |
Net income (loss) attributable to common stockholders | $ 3,516 | $ 405 | $ 9,506 | $ (2,455) |
Basic earnings (loss) per common share (in dollars per share) | $ 0.18 | $ 0.02 | $ 0.48 | $ (0.16) |
Diluted earnings (loss) per common share (in dollars per share) | $ 0.18 | $ 0.02 | $ 0.48 | $ (0.16) |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) [Abstract] | ||||
Net income (loss) | $ 3,516 | $ 405 | $ 9,506 | $ (1,685) |
Other comprehensive income: | ||||
Unrealized (loss) gains on securities available for sale | (2,418) | 229 | (11,415) | 2,343 |
Securities losses reclassified into earnings | 0 | 0 | 0 | 1,248 |
Related income tax expense (benefit) | 620 | (106) | 2,928 | (1,436) |
Other comprehensive (loss) income | (1,798) | 123 | (8,487) | 2,155 |
Total comprehensive income (loss) | $ 1,718 | $ 528 | $ 1,019 | $ 470 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands | Common Stock Issued [Member]Voting [Member] | Common Stock Issued [Member]Nonvoting [Member] | Common Stock Held in Treasury at Cost [Member] | Preferred Stock [Member] | Preferred Stock [Member]Series A Preferred Stock [Member] | Preferred Stock [Member]Series B Preferred Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Common Stock Related To ESOP [Member] | Total | Series A Preferred Stock [Member] | Series B Preferred Stock [Member] |
Balance at Dec. 31, 2016 | $ 9,509 | $ 0 | $ 0 | $ 74,007 | $ (1,373) | $ 60,651 | $ (5,495) | $ (3,192) | $ 134,107 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||
Net income (loss) | (1,685) | (1,685) | |||||||||||
Other comprehensive income (loss) | 2,155 | 2,155 | |||||||||||
Redemption of preferred shares | $ (35,539) | $ (1,777) | $ (35,539) | $ (1,777) | |||||||||
Dividends declared on preferred shares | (372) | (372) | |||||||||||
Series C preferred shares converted to non-voting common stock | 8,286 | (37,089) | 28,803 | 0 | |||||||||
Common stock issued for board compensation | 40 | 153 | 193 | ||||||||||
Amortization of preferred stock issuance costs | 398 | (398) | 0 | ||||||||||
Common stock issued for vested RSUs | 17 | (17) | 0 | ||||||||||
RSUs compensation expense | 91 | 91 | |||||||||||
Balance at Sep. 30, 2017 | 9,566 | 8,286 | 0 | 0 | 27,657 | 58,196 | (3,340) | (3,192) | 97,173 | ||||
Balance at Dec. 31, 2017 | 11,365 | 8,286 | 0 | 0 | 35,071 | 54,587 | (3,763) | (5,961) | 99,585 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||
Net income (loss) | 9,506 | 9,506 | |||||||||||
Other comprehensive income (loss) | (8,487) | (8,487) | |||||||||||
Rights offering costs | (2) | (2) | |||||||||||
Common stock issued for board compensation | 17 | 115 | 132 | ||||||||||
ESOP distributions | 778 | 778 | |||||||||||
Common stock issued for vested RSUs | 36 | (67) | (31) | ||||||||||
RSUs compensation expense | 1,105 | 1,105 | |||||||||||
Conversion from non-voting to voting common stock | 242 | (242) | 0 | ||||||||||
Balance at Sep. 30, 2018 | $ 11,660 | $ 8,044 | $ 0 | $ 0 | $ 36,222 | $ 64,093 | $ (12,250) | $ (5,183) | $ 102,586 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Cash Flows From Operating Activities | ||
Net income (loss) | $ 9,506 | $ (1,685) |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 5,778 | 5,104 |
Benefit for loan losses | (1,480) | (1,220) |
Net loss on sale of investment securities | 0 | 1,248 |
Net gain on sale of loans | 0 | 0 |
Gains and write-downs on OREO, net | (713) | (166) |
Loss (gain) on disposal of premises and equipment | 5 | (37) |
Decrease in deferred income tax assets | 1,451 | 1,081 |
Change in escrow liabilities | (5,306) | 712 |
Change in value of MSRs | 0 | 1,406 |
BOLI income | (656) | (271) |
Compensation expense recognized for restricted stock units | 1,105 | 91 |
Decrease in accrued interest payable on sub debt | 0 | (9,676) |
Changes in operating assets and liabilities: | ||
Other assets | 731 | 4,703 |
Other liabilities | (3,849) | (2,158) |
Net cash provided by (used in) operating activities before origination and gross sales of loans held for sale | 6,572 | (868) |
Gross sales of loans held for sale | 0 | 0 |
Origination of loans held for sale | 0 | 0 |
Net cash provided by (used in) operating activities | 6,572 | (868) |
Cash Flows From Investing Activities | ||
Proceeds from maturities and paydowns of investment securities, available for sale | 36,370 | 38,647 |
Proceeds from sale of investment securities, available for sale | 0 | 56,543 |
Purchase of investment securities, available for sale | (21,824) | (92,437) |
Purchase of investment securities, other | (1,479) | (2) |
Proceeds from maturities and paydowns of investment securities, held to maturity | 72 | 884 |
Proceeds from sale of investment securities, other | 0 | 33 |
Purchase bank owned life insurance | 0 | 0 |
Proceeds from sale of other real estate owned | 2,358 | 3,251 |
Loans paid down (funded), net | (15,316) | 48,608 |
Purchases of premises and equipment | (450) | (3,907) |
Proceeds from sale of premises and equipment | 1 | 69 |
Net cash (used in) provided by investing activities | (268) | 51,689 |
Cash Flows From Financing Activities | ||
Net increase (decrease) in demand deposits, NOW accounts and savings accounts | (3,954) | (2,770) |
Net decrease in time deposits | (25,982) | (37,331) |
Partial repayment of subordinated debt | (10,310) | 0 |
Proceeds from issuance of short-term borrowings | 13,100 | 0 |
Redemption of preferred stock | 0 | (37,316) |
Decrease in dividends payable on preferred stock | 0 | (12,965) |
Issuance of common stock | 99 | 193 |
Net cash used in (provided by) financing activities | (27,047) | (90,189) |
Net decrease in cash and cash equivalents | (20,743) | (39,368) |
Cash and cash equivalents: | ||
Beginning of period | 35,434 | 119,335 |
End of period | 14,691 | 79,967 |
Cash payments for: | ||
Interest | 3,412 | 13,118 |
Non-cash investing and financing activities: | ||
Transfers from loans to other real estate owned | 1,467 | 2,848 |
Sales of other real estate owned financed by loans by the Bank | 315 | 0 |
Transfer from loans to loans held for sale | 6,815 | 0 |
Transfer from venture capital to loans | 0 | 150 |
Conversion of Series C preferred stock to non-voting common stock | 0 | 37,089 |
Dividends declared on preferred stock | 0 | 373 |
Conversion of non-voting common stock to voting common stock | $ 242 | $ 0 |
Basis of Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2018 | |
Basis of Presentation [Abstract] | |
Basis of Presentation | Note 1. Basis of Presentation Consolidation: "Consolidation." Basis of presentation: The accompanying unaudited consolidated financial statements have been prepared in accordance with GAAP for financial information and with the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the statements reflect all adjustments necessary for a fair presentation of the financial position, results of operations and cash flows of the Company on a consolidated basis, and all such adjustments are of a normal recurring nature. These financial statements and the notes thereto should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 (the "2017 Form 10-K"). Operating results for the three and nine months ended September 30, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018 or any other period. Reclassifications |
Earnings (Loss) Per Share Data
Earnings (Loss) Per Share Data | 9 Months Ended |
Sep. 30, 2018 | |
Earnings (Loss) Per Share Data [Abstract] | |
Earnings (Loss) Per Share Data | Note 2. Earnings (Loss) Per Share Data Average number of shares used in calculation of basic and diluted earnings (loss) per common share were as follows for the three and nine months ended September 30, 2018 and 2017: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (In thousands, except share data) Net income (loss) $ 3,516 $ 405 $ 9,506 $ (1,685 ) Dividends and discount accretion on preferred shares - - - 770 Net income (loss) attributable to common stockholders $ 3,516 $ 405 $ 9,506 $ (2,455 ) Weighted average common shares issued 19,702,110 17,539,689 19,685,998 15,647,178 LESS: Weighted average treasury stock shares - - - - Weighted average common shares outstanding, net 19,702,110 17,539,689 19,685,998 15,647,178 Basic earnings (loss) per common share $ 0.18 $ 0.02 $ 0.48 $ (0.16 ) Dilutive effect of stock-based compensation 255,541 13,134 244,759 - Weighted average common shares outstanding including dilutive shares 19,957,651 17,552,823 19,930,757 15,647,178 Diluted earnings (loss) per common share $ 0.18 $ 0.02 $ 0.48 $ (0.16 ) Certain restricted stock units ("RSUs") were not included in the above calculation, as they would have had an anti-dilutive effect. There were no shares excluded from the calculation for the three months ended September 30, 2018 and September 30, 2017. There were no shares excluded from the calculation for the nine months ended September 30, 2018. The total number of excluded shares relating to such RSUs was approximately 97,000 shares for the nine months ended September 30, 2017. |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2018 | |
Recent Accounting Pronouncements [Abstract] | |
Recent Accounting Pronouncements | Note 3. Recent Accounting Pronouncements Newly effective standards: Accounting Standards Update ("ASU") 2014-09 Revenue from Contracts with Customers (Topic 606) ASU No. 2015-14 Revenue from Contracts with Customers (Topic 606) – Deferral of the Effective Date In January 2016, the FASB issued ASU 2016-01 Recognition and Measurement of Financial Assets and Financial Liabilities (Topic 825). In May 2017, the FASB issued ASU 2017-09 Compensation - Stock Compensation Newly Issued But Not Effective Accounting Standards: ASU 2016-02 Leases In June 2016, the FASB issued ASU 2016-13 Financial Instruments – Credit Losses In August 2018, the FASB issued ASU 2018-13 Fair Value Measurement . |
Restrictions on Cash and Due Fr
Restrictions on Cash and Due From Banks | 9 Months Ended |
Sep. 30, 2018 | |
Restrictions on Cash and Due From Banks [Abstract] | |
Restrictions on Cash and Due From Banks | Note 4. Restrictions on Cash and Due From Banks The Bank is required to maintain reserve balances in cash or on deposit with the Board of Governors of the Federal Reserve System ("FRB"), based on a percentage of deposits. As of September 30, 2018 and December 31, 2017, the reserve requirement on deposit at the FRB was $0 due to the small balance of demand deposits and the balances maintained at the FRB. Restricted cash included in "cash and due from banks" on the Consolidated Balance Sheets was $100 thousand and $0 at September 30, 2018 and December 31, 2017, respectively. This restricted cash is maintained at a bank as collateral for our credit card portfolio. The Company maintains some of its cash in bank deposit accounts at financial institutions other than its subsidiaries that, at times, may exceed federally insured limits. The Company may lose all uninsured balances if one of the correspondent banks fails without warning. The Company has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash and cash equivalents as the Company reviews this risk on a quarterly basis. |
Investment Securities
Investment Securities | 9 Months Ended |
Sep. 30, 2018 | |
Investment Securities [Abstract] | |
Investment Securities | Note 5. Investment Securities Amortized cost and fair values of investment securities are summarized as follows: Securities Available for Sale: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) September 30, 2018 U.S. government sponsored agencies $ 69,300 $ - $ (2,296 ) $ 67,004 State and political subdivisions 162,628 30 (5,114 ) 157,544 Residential mortgage backed securities 95,703 37 (2,097 ) 93,643 Residential collateralized mortgage obligations 15,119 48 (188 ) 14,979 Commercial mortgage backed securities 109,725 - (5,388 ) 104,337 SBA pools 486 - (18 ) 468 Totals $ 452,961 $ 115 $ (15,101 ) $ 437,975 December 31, 2017 U.S. government sponsored agencies $ 69,315 $ - $ (764 ) $ 68,551 State and political subdivisions 157,652 1,306 (252 ) 158,706 Residential mortgage backed securities 124,578 98 (1,593 ) 123,083 Residential collateralized mortgage obligations 9,715 51 (80 ) 9,686 Commercial mortgage backed securities 110,483 67 (2,388 ) 108,162 SBA pools 560 - (15 ) 545 Totals $ 472,303 $ 1,522 $ (5,092 ) $ 468,733 Securities Held to Maturity Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) September 30, 2018 SBA pools $ 7,769 $ - $ (618 ) $ 7,151 Totals $ 7,769 $ - $ (618 ) $ 7,151 December 31, 2017 SBA pools $ 7,854 $ - $ (485 ) $ 7,369 Totals $ 7,854 $ - $ (485 ) $ 7,369 Realized net gains (losses) on sale and call of securities available for sale are summarized as follows: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (In thousands) Gross realized gains $ - $ - $ - $ 6 Gross realized losses - - - (1,254 ) Net gains (losses) $ - $ - $ - $ (1,248 ) There was no tax benefit for the three or nine months ended September 30, 2018 related to net realized gains and losses. There was no tax benefit for the three months ended September 30, 2017 and a tax benefit of $482 thousand related to these net realized gains and losses for the nine months ended September 30, 2017. A summary of unrealized loss information for investment securities, categorized by security type, as of September 30, 2018 and December 31, 2017 was as follows: Less than 12 Months 12 Months or Longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In thousands) Securities Available for Sale: September 30, 2018 U.S. government sponsored agencies $ 26,449 $ (834 ) $ 41,023 $ (1,462 ) $ 67,472 $ (2,296 ) State and political subdivisions 111,103 (3,551 ) 36,527 (1,563 ) 147,630 (5,114 ) Residential mortgage backed securities 27,367 (653 ) 59,894 (1,444 ) 87,261 (2,097 ) Residential collateralized mortgage obligations 6,855 (52 ) 4,234 (136 ) 11,089 (188 ) Commercial mortgage backed securities 19,370 (614 ) 84,965 (4,774 ) 104,335 (5,388 ) SBA pools - - 468 (18 ) 468 (18 ) Totals $ 191,144 $ (5,704 ) $ 227,111 $ (9,397 ) $ 418,255 $ (15,101 ) December 31, 2017 U.S. government sponsored agencies $ 49,070 $ (331 ) $ 19,481 $ (433 ) $ 68,551 $ (764 ) State and political subdivisions 23,217 (95 ) 24,774 (157 ) 47,991 (252 ) Residential mortgage backed securities 18,771 (199 ) 88,100 (1,394 ) 106,871 (1,593 ) Residential collateralized mortgage obligations 4,761 (67 ) 3,502 (13 ) 8,263 (80 ) Commercial mortgage backed securities 6,961 (94 ) 81,042 (2,294 ) 88,003 (2,388 ) SBA pools - - 545 (15 ) 545 (15 ) Totals $ 102,780 $ (786 ) $ 217,444 $ (4,306 ) $ 320,224 $ (5,092 ) Securities Held to Maturity: September 30, 2018 SBA pools $ - $ - $ 7,151 $ (618 ) $ 7,151 $ (618 ) Totals $ - $ - $ 7,151 $ (618 ) $ 7,151 $ (618 ) December 31, 2017 SBA pools $ - $ - $ 7,369 $ (485 ) $ 7,369 $ (485 ) Totals $ - $ - $ 7,369 $ (485 ) $ 7,369 $ (485 ) As of September 30, 2018, the Company's security portfolio consisted of 152 securities, 131 of which were in an unrealized loss position. As of September 30, 2018, $441.1 million in investment securities had unrealized losses with aggregate depreciation of 3.44% of the Company’s amortized cost basis. Of these securities, $244.3 million had a continuous unrealized loss position for twelve months or longer with an aggregate depreciation of 3.94%. The unrealized losses relate principally to the general change in interest rates and illiquidity, and not credit quality, that has occurred since the securities purchase dates, and such unrecognized losses or gains will continue to vary with general interest rate level fluctuations in the future. As management does not intend to sell the securities, and it is likely that it will not be required to sell the securities before their anticipated recovery, no declines are deemed to be other than temporary. The amortized cost and fair value of investment securities, as of September 30, 2018, by contractual maturity are shown below. Maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties. Available for Sale Held to Maturity Amortized Cost Fair Value Amortized Cost Fair Value (In thousands) One year or less $ 201 $ 200 $ - $ - One to five years 71,007 68,699 - - Five to ten years 3,209 3,189 - - Over ten years 157,997 152,928 7,769 7,151 Subtotal 232,414 225,016 7,769 7,151 Residential mortgage backed securities 95,703 93,643 - - Residential collateralized mortgage obligations 15,119 14,979 - - Commercial mortgage backed securities 109,725 104,337 Total $ 452,961 $ 437,975 $ 7,769 $ 7,151 Securities with carrying amounts of $100.3 million and $87.4 million as of September 30, 2018 and December 31, 2017, respectively, were pledged as collateral on public deposits and for other purposes as required or permitted by law. |
Loans and Allowance for Loan Lo
Loans and Allowance for Loan Losses | 9 Months Ended |
Sep. 30, 2018 | |
Loans and Allowance for Loan Losses [Abstract] | |
Loans and Allowance for Loan Losses | Note 6. Loans and Allowance for Loan Losses As of September 30, 2018 and December 31, 2017, loans consisted of: September 30, 2018 December 31, 2017 (In thousands) Commercial $ 63,539 $ 61,388 Commercial real estate 404,790 378,802 Residential real estate 155,118 178,296 Construction real estate 72,550 63,569 Installment and other 9,998 18,952 Total loans 705,995 701,007 Unearned income (1,171 ) (863 ) Gross loans 704,824 700,144 Allowance for loan losses (9,528 ) (13,803 ) Net loans $ 695,296 $ 686,341 Loan Origination/Risk Management. Commercial loans: Commercial real estate loans: With respect to loans to developers and builders that are secured by non-owner occupied properties that the Company may originate from time to time, the Company generally requires the borrower to have had an existing relationship with the Company and have a proven record of success. Construction real estate loans: Residential real estate loans: Installment loans: The loan review process complements and reinforces the risk identification and assessment decisions made by lenders and credit personnel, as well as the Company’s policies and procedures, which include periodic internal reviews and reports to identify and address risk factors developing within the loan portfolio. The Company engages external independent loan reviews that assess and validate the credit risk program on a periodic basis. Results of these reviews are presented to and reviewed by management and the Board of Directors. The following table presents the contractual aging of the recorded investment in current and past due loans by category of loans as of September 30, 2018 and December 31, 2017, including nonaccrual loans: Current 30-59 Days Past Due 60-89 Days Past Due Loans Past Due 90 Days or More Total Past Due Total September 30, 2018 (In thousands) Commercial $ 63,512 $ 27 $ - $ - $ 27 $ 63,539 Commercial real estate 403,507 920 - 363 1,283 404,790 Residential real estate 151,872 1,811 266 1,169 3,246 155,118 Construction real estate 72,178 334 - 38 372 72,550 Installment and other 9,860 47 - 91 138 9,998 Total loans $ 700,929 $ 3,139 $ 266 $ 1,661 $ 5,066 $ 705,995 Nonaccrual loan classification, included above $ 4,888 $ 1,895 $ 266 $ 1,661 $ 3,822 $ 8,710 December 31, 2017 Commercial $ 59,703 $ 173 $ 1,475 $ 37 $ 1,685 $ 61,388 Commercial real estate 371,640 5,490 - 1,672 7,162 378,802 Residential real estate 174,388 1,899 - 2,009 3,908 178,296 Construction real estate 59,291 423 74 3,781 4,278 63,569 Installment and other 18,705 80 81 86 247 18,952 Total loans $ 683,727 $ 8,065 $ 1,630 $ 7,585 $ 17,280 $ 701,007 Nonaccrual loan classification, included above $ 3,858 $ 5,859 $ 38 $ 7,585 $ 13,482 $ 17,340 The following table presents the recorded investment in nonaccrual loans and loans past due 90 days or more and still accruing interest by category of loans as of September 30, 2018 and December 31, 2017: September 30, 2018 December 31, 2017 Nonaccrual Loans Past Due 90 Days or More and Still Accruing Interest Nonaccrual Loans Past Due 90 Days or More and Still Accruing Interest (In thousands) Commercial $ 603 $ - $ 102 $ - Commercial real estate 3,717 - 8,617 - Residential real estate 4,125 - 4,599 - Construction real estate 165 - 3,911 - Installment and other 100 - 111 - Total $ 8,710 $ - $ 17,340 $ - The Company utilizes an internal asset classification system as a means of reporting problem and potential problem loans. Under the Company’s risk rating system, problem and potential problem loans are classified as “Special Mention,” “Substandard,” and “Doubtful.” Loans that do not currently expose the Company to sufficient risk to warrant classification in one of the aforementioned categories, but possess weaknesses that deserve management's close attention are deemed to be Special Mention. Substandard loans include those characterized by the likelihood that the Company will sustain some loss if the deficiencies are not corrected. Loans classified as Doubtful have all the weaknesses inherent in those classified as Substandard with the added characteristic that the weaknesses present make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Any time a situation warrants, the risk rating may be reviewed. Loans not meeting the criteria above that are analyzed individually are considered to be pass-rated loans. The following table presents the risk category by category of loans based on the most recent analysis performed as of September 30, 2018 and December 31, 2017: Pass Special Mention Substandard Doubtful Total September 30, 2018 (In thousands) Commercial $ 58,035 $ 3,779 $ 1,725 $ - $ 63,539 Commercial real estate 384,653 3,592 16,545 - 404,790 Residential real estate 149,033 663 5,422 - 155,118 Construction real estate 71,549 876 125 - 72,550 Installment and other 9,900 - 98 - 9,998 Total $ 673,170 $ 8,910 $ 23,915 $ - $ 705,995 December 31, 2017 Commercial $ 58,769 $ 2 $ 2,617 $ - $ 61,388 Commercial real estate 359,768 4,762 14,272 - 378,802 Residential real estate 172,101 - 6,195 - 178,296 Construction real estate 56,661 917 5,991 - 63,569 Installment and other 18,523 - 429 - 18,952 Total $ 665,822 $ 5,681 $ 29,504 $ - $ 701,007 The following table shows all loans, including nonaccrual loans, by risk category and aging as of September 30, 2018 and December 31, 2017: Pass Special Mention Substandard Doubtful Total September 30, 2018 (In thousands) Current $ 671,996 $ 8,910 $ 20,023 $ - $ 700,929 Past due 30-59 days 1,174 - 1,965 - 3,139 Past due 60-89 days - - 266 - 266 Past due 90 days or more - - 1,661 - 1,661 Total $ 673,170 $ 8,910 $ 23,915 $ - $ 705,995 December 31, 2017 Current $ 662,445 $ 5,681 $ 15,601 $ - $ 683,727 Past due 30-59 days 1,785 - 6,280 - 8,065 Past due 60-89 days 1,592 - 38 - 1,630 Past due 90 days or more - - 7,585 - 7,585 Total $ 665,822 $ 5,681 $ 29,504 $ - $ 701,007 As of September 30, 2018 and December 31, 2017, nonaccrual loans totaling $7.2 million and $17.3 million were classified as Substandard, respectively. The following table presents loans individually evaluated for impairment by category of loans as of September 30, 2018 and December 31, 2017, showing the unpaid principal balance, the recorded investment of the loan (reflecting any loans with partial charge-offs), and the amount of allowance for loan losses specifically allocated for these impaired loans (if any): September 30, 2018 December 31, 2017 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated (In thousands) With no related allowance recorded: Commercial $ 110 $ 110 $ 184 $ 182 Commercial real estate 6,494 3,517 4,294 4,154 Residential real estate 5,948 5,032 6,585 5,808 Construction real estate 1,889 1,863 7,471 6,049 Installment and other 293 292 349 348 With an allowance recorded: Commercial 13,671 13,669 $ 321 13,361 13,359 $ 211 Commercial real estate 5,870 5,870 851 10,987 10,987 3,735 Residential real estate 5,344 5,343 943 6,774 6,774 943 Construction real estate 1,161 1,161 42 3,244 3,244 231 Installment and other 240 240 34 236 236 32 Total $ 41,020 $ 37,097 $ 2,191 $ 53,485 $ 51,141 $ 5,152 The table above includes $31.6 million of troubled debt restructurings at September 30, 2018 and $38.9 million of troubled debt restructurings at December 31, 2017. The following table presents loans individually evaluated for impairment by class of loans for the three and nine months ended September 30, 2018 and 2017, showing the average recorded investment and the interest income recognized: Three Months Ended Nine Months Ended September 30, 2018 September 30, 2017 September 30, 2018 September 30, 2017 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (In thousands) With no related allowance recorded: Commercial $ 112 $ 2 $ 6,834 $ 184 $ 167 $ 4 $ 4,411 $ 543 Commercial real estate 3,241 27 5,133 99 5,231 80 5,084 295 Residential real estate 5,033 32 4,712 54 6,962 94 4,586 162 Construction real estate 3,330 22 7,397 104 6,046 66 7,189 308 Installment and other 296 3 399 5 416 10 353 14 With an allowance recorded: Commercial 13,487 210 7,547 22 17,866 622 10,741 66 Commercial real estate 6,144 64 6,350 69 9,916 189 6,352 205 Residential real estate 5,434 58 7,695 81 8,094 173 8,019 240 Construction real estate 1,255 13 3,302 43 2,987 40 3,755 129 Installment and other 239 2 289 2 319 6 347 7 Total $ 38,571 $ 433 $ 49,658 $ 663 $ 58,004 $ 1,284 $ 50,837 $ 1,969 If nonaccrual loans outstanding had been current in accordance with their original terms, approximately $118 thousand and $197 thousand would have been recorded as loan interest income during the three months ended September 30, 2018 and 2017, respectively, and $222 thousand and $585 thousand during the nine months ended September 30, 2018 and 2017, respectively. Interest income recognized on a cash basis was not material. Recorded investment balances in the above tables exclude accrued interest income and unearned income as such amounts were immaterial. Allowance for Loan Losses: For the three and nine months ended September 30, 2018 and 2017, activity in the allowance for loan losses was as follows: Commercial Commercial Real Estate Residential Real Estate Construction Real Estate Installment and Other Unallocated Total (In thousands) Three Months Ended September 30, 2018: Beginning balance $ 543 $ 6,583 $ 2,151 $ 732 $ 131 $ 304 $ 10,444 Provision (benefit) for loan losses 6 (768 ) (86 ) 15 (30 ) (137 ) (1,000 ) Charge-offs (1 ) - (65 ) - (21 ) - (87 ) Recoveries 25 12 102 4 28 - 171 Net recoveries (charge-offs) 24 12 37 4 7 - 84 Ending balance $ 573 $ 5,827 $ 2,102 $ 751 $ 108 $ 167 $ 9,528 Three Months Ended September 30, 2017: Beginning balance $ 1,377 $ 6,205 $ 3,805 $ 1,117 $ 635 $ 28 $ 13,167 Provision (benefit) for loan losses (297 ) 461 (117 ) 1,731 (2,073 ) 45 (250 ) Charge-offs (7 ) (612 ) - (1,385 ) (19 ) - (2,023 ) Recoveries 56 88 125 37 2,000 - 2,306 Net recoveries (charge-offs) 49 (524 ) 125 (1,348 ) 1,981 - 283 Ending balance $ 1,129 $ 6,142 $ 3,813 $ 1,500 $ 543 $ 73 $ 13,200 Nine Months Ended September 30, 2018: Beginning balance $ 536 $ 8,573 $ 2,843 $ 1,030 $ 315 $ 506 $ 13,803 Provision (benefit) for loan losses 98 (62 ) (799 ) (120 ) (258 ) (339 ) (1,480 ) Charge-offs (134 ) (2,736 ) (184 ) (212 ) (76 ) - (3,342 ) Recoveries 73 52 242 53 127 - 547 Net recoveries (charge-offs) (61 ) (2,684 ) 58 (159 ) 51 - (2,795 ) Ending balance $ 573 $ 5,827 $ 2,102 $ 751 $ 108 $ 167 $ 9,528 Nine Months Ended September 30, 2017: Beginning balance $ 1,449 $ 6,472 $ 4,524 $ 1,119 $ 715 $ 73 $ 14,352 Provision (benefit) for loan losses (356 ) 123 (626 ) 1,739 (2,100 ) - (1,220 ) Charge-offs (270 ) (639 ) (309 ) (1,409 ) (253 ) - (2,880 ) Recoveries 306 186 224 51 2,181 - 2,948 Net recoveries (charge-offs) 36 (453 ) (85 ) (1,358 ) 1,928 - 68 Ending balance $ 1,129 $ 6,142 $ 3,813 $ 1,500 $ 543 $ 73 $ 13,200 Allocation of the allowance for loan losses (as well as the total loans in each allocation method), disaggregated on the basis of the Company’s impairment methodology, is as follows: Commercial Commercial Real Estate Residential Real Estate Construction Real Estate Installment and Other Unallocated Total September 30, 2018 (In thousands) Allowance for loan losses allocated to: Loans individually evaluated for impairment $ 321 $ 851 $ 943 $ 42 $ 34 $ - $ 2,191 Loans collectively evaluated for impairment 252 4,976 1,159 709 74 167 7,337 Ending balance $ 573 $ 5,827 $ 2,102 $ 751 $ 108 $ 167 $ 9,528 Loans: Individually evaluated for impairment $ 13,779 $ 9,387 $ 10,375 $ 3,024 $ 532 $ - $ 37,097 Collectively evaluated for impairment 49,760 395,403 144,743 69,526 9,466 - 668,898 Total ending loans balance $ 63,539 $ 404,790 $ 155,118 $ 72,550 $ 9,998 $ - $ 705,995 December 31, 2017 Allowance for loan losses allocated to: Loans individually evaluated for impairment $ 211 $ 3,735 $ 943 $ 231 $ 32 $ - $ 5,152 Loans collectively evaluated for impairment 325 4,838 1,900 799 283 506 8,651 Ending balance $ 536 $ 8,573 $ 2,843 $ 1,030 $ 315 $ 506 $ 13,803 Loans: Individually evaluated for impairment $ 13,541 $ 15,141 $ 12,582 $ 9,293 $ 584 $ - $ 51,141 Collectively evaluated for impairment 47,847 363,661 165,714 54,276 18,368 - 649,866 Total ending loans balance $ 61,388 $ 378,802 $ 178,296 $ 63,569 $ 18,952 $ - $ 701,007 Troubled Debt Restructurings: Troubled debt restructurings ("TDRs") are defined as those loans where: (1) the borrower is experiencing financial difficulties and (2) the restructuring includes a concession by the Bank to the borrower. The following tables present the loans restructured as TDRs during the nine months ended September 30, 2018 and the three and nine months ended September 30, 2018 and 2017. There were no new TDRs for the three months ended September 30, 2018. Nine Months Ended September 30, 2018 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Specific Reserves Allocated (Dollars in thousands) Commercial 3 $ 335 $ 335 $ 26 Commercial real estate 2 2,356 2,356 - Residential real estate 2 237 237 - Total 7 $ 2,928 $ 2,928 $ 26 Three Months Ended September 30, 2017 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Specific Reserves Allocated (Dollars in thousands) Commercial 2 $ 105 $ 105 $ 29 Total 2 $ 105 $ 105 $ 29 Nine Months Ended September 30, 2017 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Specific Reserves Allocated (Dollars in thousands) Commercial 4 $ 135 $ 135 $ 30 Residential real estate 2 187 187 - Construction real estate 1 10 10 - Total 7 $ 332 $ 332 $ 30 The following tables present loans by category modified as TDRs for which there was a payment default within 12 months following the modification during the three and nine months ended September 30, 2018 and 2017. There were no TDRs with a payment default within 12 months following modification for the three months ended September 30, 2018. Nine Months Ended September 30, 2018 Number of Contracts Pre-Modification Outstanding Recorded Investment Specific Reserves Allocated (Dollars in thousands) Residential real estate 1 $ 145 $ - Total 1 $ 145 $ - Three Months Ended September 30, 2017 Number of Contracts Pre-Modification Outstanding Recorded Investment Specific Reserves Allocated (Dollars in thousands) Construction real estate 1 $ 61 $ - Total 1 $ 61 $ - Nine Months Ended September 30, 2017 Number of Contracts Pre-Modification Outstanding Recorded Investment Specific Reserves Allocated (Dollars in thousands) Construction real estate 2 $ 807 $ 10 Total 2 $ 807 $ 10 Impairment analyses are prepared on TDRs in conjunction with the normal allowance for loan loss process. TDRs restructured during the three months ended September 30, 2018 and 2017 required a specific reserve of $0 and $29 thousand, respectively. TDRs restructured during the nine months ended September 30, 2018 and 2017 required a specific reserve of $26 thousand and $30 thousand, respectively. TDRs resulted in charge-offs of during the three months ended September 30, 2018 and 2017, respectively. For the nine months ended September 30, 2018 and 2017, TDRs resulted in charge-offs of $2.8 million and $458 thousand, respectively. The TDRs that subsequently defaulted required $0 and $10 thousand provision to the allowance for loan losses for the three and nine months ended September 30, 2018 and 2017, respectively. The following table presents total TDRs, both in accrual and nonaccrual status: September 30, 2018 December 31, 2017 Number of Contracts Amount Number of Contracts Amount (Dollars in thousands) Accrual 98 $ 28,387 $ 108 $ 33,801 Nonaccrual 16 3,250 19 5,146 Total 114 $ 31,637 $ 127 $ 38,947 Specific reserves on TDRs at September 30, 2018 and December 31, 2017 were $1.9 million and $2.4 million, respectively. As of September 30, 2018, the Bank had a total of $185 thousand in commitments to lend additional funds on one commercial loan classified as a TDR. As of December 31, 2017, the Bank had a total of $23 thousand in commitments to lend additional funds on two loans classified as TDRs. Loans to Executive Officers and Directors Loan principal balances to executive officers and directors of the Company were $142.4 thousand and $198.4 thousand as of September 30, 2018 and December 31, 2017, respectively. Total extensions of credit, including companies in which these individuals have management control or beneficial ownership, were $258.4 thousand and $324.4 thousand as of September 30, 2018 and December 31, 2017, respectively. An analysis of the activity related to these loans as of September 30, 2018 and December 31, 2017 is as follows: September 30, 2018 December 31, 2017 (In thousands) Balance, beginning $ 198 $ 348 Additions - 13 Changes in composition - (76 ) Principal payments and other reductions (56 ) (87 ) Balance, ending $ 142 $ 198 |
Loan Servicing and Mortgage Ser
Loan Servicing and Mortgage Servicing Rights | 9 Months Ended |
Sep. 30, 2018 | |
Loan Servicing and Mortgage Servicing Rights [Abstract] | |
Loan Servicing and Mortgage Servicing Rights | Note 7. Loan Servicing and Mortgage Servicing Rights Mortgage loans serviced for others are not included in the accompanying consolidated balance sheets. The Company's mortgage loans serviced for others portfolio was transferred to another Fannie Mae-approved servicer on December 31, 2017. |
Other Real Estate Owned
Other Real Estate Owned | 9 Months Ended |
Sep. 30, 2018 | |
Other Real Estate Owned [Abstract] | |
Other Real Estate Owned | Note 8. Other Real Estate Owned OREO consists of property acquired due to foreclosure on real estate loans. As of September 30, 2018 and December 31, 2017, total OREO consisted of: September 30, 2018 December 31, 2017 (In thousands) Commercial real estate $ 2,308 $ 1,667 Residential real estate 468 886 Construction real estate 3,206 3,879 Total $ 5,982 $ 6,432 Loans secured by residential real estate properties for which formal foreclosure proceedings were in process at September 30, 2018 and December 31, 2017 were $547 thousand and $1.4 million, respectively. The following table presents a summary of OREO activity for the three and nine months ended September 30, 2018 and 2017: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (In thousands) Balance at beginning of period $ 5,870 $ 7,085 $ 6,432 $ 8,436 Transfers in at fair value 746 2,154 1,467 2,848 Capitalized improvements - - 43 - Write-down of value - (29 ) (46 ) (615 ) Gain on disposal 189 124 759 781 Cash received upon disposition (823 ) (1,135 ) (2,358 ) (3,251 ) Sales financed by loans by the Bank - - (315 ) - Balance at end of period $ 5,982 $ 8,199 $ 5,982 $ 8,199 |
Deposits
Deposits | 9 Months Ended |
Sep. 30, 2018 | |
Deposits [Abstract] | |
Deposits | Note 9. Deposits As of September 30, 2018 and December 31, 2017, deposits consisted of: September 30, 2018 December 31, 2017 (In thousands ) Demand deposits, noninterest bearing $ 175,655 $ 161,677 NOW 376,405 385,881 Money market accounts 18,976 18,344 Savings deposits 379,213 388,300 Time certificates, $250,000 or more 19,831 21,639 Other time certificates 127,333 151,506 Total $ 1,097,413 $ 1,127,347 Deposits from executive officers, directors and their affiliates as of September 30, 2018 were $1.5 million and $2.2 million as of December 31, 2017. |
Borrowings
Borrowings | 9 Months Ended |
Sep. 30, 2018 | |
Borrowings [Abstract] | |
Borrowings | Note 10. Borrowings Notes payable to the Federal Home Loan Bank ("FHLB") as of September 30, 2018 and December 31, 2017 were secured by a blanket assignment of mortgage loans or other collateral acceptable to FHLB, and interest on long-term borrowings is payable monthly and principal due at end of term, unless otherwise noted. Interest on short-term borrowings is due on maturity. As of September 30, 2018, there was $337.4 million in collateral value from loans pledged under the blanket assignment and $59.8 million from investment securities held in safekeeping at the FHLB. At September 30, 2018, there were $15.4 million in advances outstanding at the FHLB. An additional $381.8 million in advances is available based on the September 30, 2018 value of the remaining unpledged loans and investment securities. In the event that short-term liquidity is needed, the Bank has established a relationship with a large regional bank to provide short-term borrowings in the form of federal funds purchased. The Bank has the ability to borrow up to $20 million for a short period (15 to 60 days) from this bank. The following table details borrowings as of September 30, 2018 and December 31, 2017: Maturity Date Rate Type Principal Due September 30, 2018 December 31, 2017 (In thousands) October 1, 2018 2.450 % Variable At maturity $ 13,100 $ - April 27, 2021 6.343 % Fixed At maturity 2,300 2,300 Total $ 15,400 $ 2,300 |
Junior Subordinated Debt
Junior Subordinated Debt | 9 Months Ended |
Sep. 30, 2018 | |
Junior Subordinated Debt [Abstract] | |
Junior Subordinated Debt | Note 11. Junior Subordinated Debt The following table presents details on the junior subordinated debt as of September 30, 2018: Trust III Trust IV Trust V (dollars in thousands) Date of Issue May 11, 2004 June 29, 2005 September 21, 2006 Amount of trust preferred securities issued $ 6,000 $ 10,000 $ 10,000 Rate on trust preferred securities 5.02125% (variable) 6.88000 % 3.98413% (variable) Maturity September 8, 2034 November 23, 2035 December 15, 2036 Date of first redemption September 8, 2009 August 23, 2010 September 15, 2011 Common equity securities issued $ 186 $ 310 $ 310 Junior subordinated deferrable interest debentures owed $ 6,186 $ 10,310 $ 10,310 Rate on junior subordinated deferrable interest debentures 5.02125% (variable) 6.88000 % 3.98413% (variable) On the dates of issue indicated above, the Trusts, being Delaware statutory business trusts, issued trust preferred securities (the “trust preferred securities”) in the amounts and at the rates indicated above. These securities represent preferred beneficial interests in the assets of the Trusts. The trust preferred securities will mature on the dates indicated, and are redeemable in whole or in part at the option of Trinity, with the approval of the FRB. The Trusts also issued common equity securities to Trinity in the amounts indicated above. The Trusts used the proceeds of the offering of the trust preferred securities to purchase junior subordinated deferrable interest debentures (the “debentures”) issued by Trinity, which have terms substantially similar to the trust preferred securities. On March 8, 2018, Trinity consummated the early redemption of all $10.3 million principal amount of those certain Junior Subordinated Deferrable Interest Debentures due 2030 (the "Debt Securities") issued by Trust I. The Debt Securities carried an interest rate of 10.875% and were scheduled to mature on March 8, 2030. The Debt Securities were callable at a redemption rate of 101.088%, plus accrued and unpaid interest, for a total redemption price of $11.0 million. Prior deferred issuance costs related to Trust I of $131 thousand were realized as other noninterest expense on the consolidated statement of operations. After the early redemption was consumated, Trust I was dissolved. Trinity has the right to defer payments of interest on the debentures at any time or from time to time for a period of up to ten consecutive semi-annual periods (or twenty consecutive quarterly periods in the case of Trusts with quarterly interest payments) with respect to each interest payment deferred. During a period of deferral, unpaid accrued interest is compounded. Under the terms of the debentures, under certain circumstances of default or if Trinity has elected to defer interest on the debentures, Trinity may not, with certain exceptions, declare or pay any dividends or distributions on its common stock or purchase or acquire any of its common stock. As of September 30, 2018, there was $109 thousand in interest accrued and unpaid to security holders. As of September 30, 2018 and December 31, 2017, the Company’s trust preferred securities, subject to certain limitations, qualified as Tier 1 Capital for regulatory capital purposes. Payments of distributions on the trust preferred securities and payments on redemption of the trust preferred securities are guaranteed by Trinity. Trinity also entered into an agreement as to expenses and liabilities with the Trusts pursuant to which it agreed, on a subordinated basis, to pay any costs, expenses or liabilities of the Trusts other than those arising under the trust preferred securities. The obligations of Trinity under the junior subordinated debentures, the related indenture, the trust agreement establishing the Trusts, the guarantee and the agreement as to expenses and liabilities, in the aggregate, constitute a full and unconditional guarantee by Trinity of the Trusts’ obligations under the trust preferred securities. |
Income Taxes
Income Taxes | 9 Months Ended |
Sep. 30, 2018 | |
Income Taxes [Abstract] | |
Income Taxes | Note 12. Income Taxes For the three months ended September 30, 2018 and 2017, the Company recorded a tax expense of $1.3 million and $1.4 million, respectively. For the nine months ended September 30, 2018 and 2017, the Company recorded a tax expense of $2.6 million and $3.5 million, respectively. The expense recorded for the three and nine months ended September 30, 2018 includes an increase to the DTA valuation allowance of $347 thousand. Items causing differences between the Federal statutory tax rate and the effective tax rate are summarized as follows: Three Months Ended September 30, Nine Months Ended September 30, 2018 2018 (In thousands) Federal statutory tax rate $ 1,013 21 % $ 2,538 21 % State income tax, net of federal benefit 196 4 % 476 4 % Net tax exempt interest income (210 ) (4 )% (631 ) (5 )% Other, net (43 ) (1 )% (151 ) (1 )% Tax provision before change in valuation allowance 956 20 % 2,232 18 % Change in valuation allowance 347 7 % 347 3 % Provision for income taxes $ 1,303 27 % $ 2,579 21 % Three Months Ended September 30, Nine Months Ended September 30, 2017 2017 (In thousands) Federal statutory tax rate $ 613 34 % $ 613 34 % State income tax, net of federal benefit 66 4 % 235 13 % Net tax exempt interest income (108 ) (6 )% (372 ) (21 )% Other, net (73 ) (4 )% 998 56 % Tax provision before change in valuation allowance 498 28 % 1,474 82 % Change in valuation allowance 900 50 % 2,013 112 % Provision for income taxes $ 1,398 78 % $ 3,487 194 % |
Commitments and Off-Balance-She
Commitments and Off-Balance-Sheet Activities | 9 Months Ended |
Sep. 30, 2018 | |
Commitments and Off-Balance-Sheet Activities [Abstract] | |
Commitments and Off-Balance-Sheet Activities | Note 13. Commitments and Off-Balance-Sheet Activities Credit-related financial instruments: The Company’s exposure to credit loss is represented by the contractual amount of these credit-related commitments. The Company follows the same credit policies in making credit-related commitments as it does for on-balance-sheet instruments. As of September 30, 2018 and December 31, 2017, the following credit-related commitments were outstanding: Contract Amount September 30, 2018 December 31, 2017 (In thousands) Unfunded commitments under lines of credit $ 132,886 $ 122,910 Commercial and standby letters of credit 3,798 5,377 Commitments to make loans 18,750 1,909 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The commitments for equity lines of credit may expire without being drawn upon. Therefore, the total commitment amounts do not necessarily represent future cash requirements. The amount of collateral obtained, if deemed necessary by the Bank, is based on management’s credit evaluation of the customer. Unfunded commitments under commercial lines of credit, revolving credit lines and overdraft protection agreements are commitments for possible future extensions of credit to existing customers. Overdraft protection agreements are uncollateralized, but most other unfunded commitments have collateral. These unfunded lines of credit usually do not contain a specified maturity date and may not necessarily be drawn upon to the total extent to which the Bank is committed. Commitments to make loans are generally made for periods of 90 days or less. The Company had outstanding loan commitments, excluding undisbursed portion of loans in process and equity lines of credit, of approximately $136.7 million as of September 30, 2018 and $128.3 million as of December 31, 2017. Of these commitments outstanding, the breakdown between fixed rate and adjustable rate loans is as follows: September 30, 2018 December 31, 2017 (In thousands) Fixed rate $ 30,092 $ 17,933 Adjustable rate 106,592 110,354 Total $ 136,684 $ 128,287 The fixed loan commitments as of September 30, 2018 have interest rates ranging from 0.0% to 6.0% and maturities ranging from on demand to 11 years. FHLB requires a blanket assignment of mortgage loans or other collateral acceptable to the FHLB to secure the Company’s short and long-term borrowings from FHLB. The amount of collateral with the FHLB at September 30, 2018 was $397.2 million. Commercial and standby letters of credit are conditional credit-related commitments issued by the Bank to guarantee the performance of a customer to a third party. Those letters of credit are primarily issued to support public and private borrowing arrangements. Essentially all letters of credit issued have expiration dates within one year. The credit risk involved in issuing letters of credit is the same as that involved in extending loans to customers. The Bank generally holds collateral supporting those credit-related commitments, if deemed necessary. In the event the customer does not perform in accordance with the terms of the agreement with the third party, the Bank would be required to fund the credit-related commitment. The maximum potential amount of future payments the Bank could be required to make is represented by the contractual amount shown in the summary above. If the credit-related commitment is funded, the Bank would be entitled to seek recovery from the customer. As of September 30, 2018 and December 31, 2017, respectively, $151 thousand and $575 thousand had been recorded as liabilities for the Company’s potential losses under these credit-related commitments. The fair value of these credit-related commitments is approximately equal to the fees collected when granting these letters of credit. These fees collected were $27 thousand and $23 thousand as of September 30, 2018 and December 31, 2017, respectively, and are included in “other liabilities” on the consolidated balance sheets. |
Preferred Equity Issues
Preferred Equity Issues | 9 Months Ended |
Sep. 30, 2018 | |
Preferred Equity Issues [Abstract] | |
Preferred Equity Issues | Note 14. Preferred Equity Issues The Company had no outstanding preferred shares as of September 30, 2018 or December 31, 2017. |
Stock Incentives
Stock Incentives | 9 Months Ended |
Sep. 30, 2018 | |
Stock Incentives [Abstract] | |
Stock Incentives | Note 15. Stock Incentives At the Shareholders' Meeting held on January 22, 2015, the Company's shareholders approved the Trinity Capital Corporation 2015 Long-Term Incentive Plan ("2015 Plan") for the benefit of key employees. As of December 31, 2017, only 30,477 shares of voting common stock remained available for issuance. In accordance with the terms for the 2015 Plan, on February 21, 2018, the Board approved an additional 500,000 shares of common stock to be reserved under the 2015 Plan. The Compensation Committee determines the terms and conditions of the awards. There were 12,500 RSU awards granted under the 2015 Plan and 3,750 forfeitures during the three months ended September 30, 2018. There were 312,775 RSUs awards granted under the 2015 Plan and 10,250 in forfeitures during the nine months ended September 30, 2018, leaving 252,952 shares of voting common stock available remaining to be issued under the 2015 Plan at September 30, 2018. Because share-based compensation awards vesting in the current periods were granted on a variety of dates, the assumptions are presented as weighted averages in those assumptions. A summary of RSU activity under the 2015 Plan for the nine months ended September 30, 2018 is presented below: Shares Weighted Average Grant Price Weighted Average Remaining Contractual Term, in Years Aggregate Intrinsic Value (in thousands) RSUs Nonvested as of January 1, 2018 452,782 $ 4.70 2.01 $ 2,128 Granted 312,775 7.66 1.25 2,396 Vested (40,575 ) 4.61 - (187 ) Forfeited or expired (10,250 ) 5.21 - (53 ) Outstanding Nonvested as of June 30, 2018 714,732 $ 6.00 1.22 $ 4,284 Share-based compensation expense of $493 thousand and $42 thousand was recognized for the three months ended September 30, 2018 and 2017, respectively, and $1.1 million and $91 thousand was recognized for the nine months ended September 30, 2018 and 2017, respectively. As of September 30, 2018, there was $3.1 million in unrecognized compensation costs related to unvested share-based compensation awards granted under the 2015 Plan. The cost will be recognized over the remaining vesting periods. |
Fair Value Measurements
Fair Value Measurements | 9 Months Ended |
Sep. 30, 2018 | |
Fair Value Measurements [Abstract] | |
Fair Value Measurements | Note 16. Fair Value Measurements ASC Topic 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The price in the principal (or most advantageous) market used to measure the fair value of the asset or liability shall not be adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact and (iv) willing to transact. The Company uses valuation techniques that are consistent with the sales comparison approach, the income approach and/or the cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach uses valuation techniques to convert expected future amounts, such as cash flows or earnings, to a single present value amount on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset (replacement cost). Valuation techniques should be consistently applied. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from independent sources, or unobservable, meaning those that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. In that regard, ASC Topic 820 establishes a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. While management believes the Company’s valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. Transfers between levels of the fair value hierarchy are recognized on the actual date of the event or circumstances that caused the transfer, which generally coincides with the Company’s monthly and/or quarterly valuation process. Financial Instruments Recorded at Fair Value on a Recurring Basis Securities Available for Sale. The following table summarizes the Company's financial assets and off-balance-sheet instruments measured at fair value on a recurring basis as of September 30, 2018 and December 31, 2017, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Total Level 1 Level 2 Level 3 September 30, 2018 (In thousands) Financial Assets: Investment securities available for sale: U.S. government sponsored agencies $ 67,004 $ - $ 67,004 $ - States and political subdivision 157,544 - 157,544 - Residential mortgage backed securities 93,643 - 93,643 - Residential collateralized mortgage obligation 14,979 - 14,979 - Commercial mortgage backed securities 104,337 - 104,337 - SBA pools 468 - 468 - Total $ 437,975 $ - $ 437,975 $ - Total Level 1 Level 2 Level 3 December 31, 2017 (In thousands) Financial Assets: Investment securities available for sale: U.S. government sponsored agencies $ 68,551 $ - $ 68,551 $ - States and political subdivision 158,706 - 158,706 - Residential mortgage backed securities 123,083 - 123,083 - Residential collateralized mortgage obligation 9,686 - 9,686 - Commercial mortgage backed securities 108,162 - 108,162 - SBA pools 545 - 545 - Total $ 468,733 $ - $ 468,733 $ - There were no financial instruments measured at fair value on a recurring basis for which the Company used significant unobservable inputs (Level 3) during the periods presented in these financial statements. There were no transfers between the levels used on any classes during the three and nine months ended September 30, 2018 or the year ended December 31, 2017. Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis The Company may be required, from time to time, to measure certain financial assets and financial liabilities at fair value on a nonrecurring basis in accordance with GAAP. Impaired Loans. In accordance with ASC Topic 820, impaired loans where an allowance is established based on the fair value of collateral require classification in the fair value hierarchy. Collateral values are estimated using Level 3 inputs based on customized discounting criteria. For collateral dependent impaired loans, the Company obtains a current independent appraisal of loan collateral. Other valuation techniques are used as well, including internal valuations, comparable property analysis and contractual sales information. As of September 30, 2018, impaired loans with a carrying value of $26.3 million had a valuation allowance of $2.2 million. As of December 31, 2017, impaired loans with a carrying value of $39.8 million had a valuation allowance of $5.2 million recorded during 2017. OREO. In the table below, OREO had write-downs during the nine months ended September 30, 2018 of $42 thousand. In the table below, OREO had writedowns during the year ended December 31, 2017 of $43 thousand. The valuation adjustments on OREO have been recorded through earnings. Assets measured at fair value on a nonrecurring basis as of September 30, 2018 and December 31, 2017 are included in the table below: ` Total Level 1 Level 2 Level 3 (In thousands) September 30, 2018 Financial Assets Impaired loans $ 24,092 $ - $ - $ 24,092 Non-Financial Assets OREO 222 - - 222 December 31, 2017 Financial Assets Impaired loans $ 34,600 $ - $ - $ 34,600 Non-Financial Assets OREO 405 - - 405 Assumptions used to determine impaired loans and OREO are presented below by classification, measured at fair value and on a nonrecurring basis as of September 30, 2018 and December 31, 2017: Fair Value Valuation Technique(s) Unobservable Input(s) Adjustment Range, Weighted Average September 30, 2018 (In thousands) Impaired loans Commercial $ 13,348 Sales comparison Adjustments for differences of comparable sales (5.00)% to (150.00)%, (7.32)% Commercial real estate 5,019 Sales comparison Adjustments for differences of comparable sales (5.50) to (37.50), (7.16) Residential real estate 4,400 Sales comparison Adjustments for differences of comparable sales (3.13) to (37.50), (7.29) Construction real estate 1,119 Sales comparison Adjustments for differences of comparable sales (4.00) to (40.00), (5.97) Installment and other 206 Sales comparison Adjustments for differences of comparable sales (4.13) to (37.50), (7.34) Total impaired loans $ 24,092 OREO Commercial real estate 74 Sales comparison Adjustments for differences of comparable sales (33.33)% to (33.33)%, (33.33)% Residential real estate 148 Sales comparison Adjustments for differences of comparable sales (3.16)% to (3.16)%, (3.16)% Total OREO $ 222 December 31, 2017 Impaired loans Commercial $ 13,359 Sales comparison Adjustments for differences of comparable sales (5.00)% to (100.00)%, (5.97)% Commercial real estate 10,987 Sales comparison Adjustments for differences of comparable sales (4.25) to (7.62), (6.63) Residential real estate 6,774 Sales comparison Adjustments for differences of comparable sales (3.13) to (7.80), (5.74) Construction real estate 3,244 Sales comparison Adjustments for differences of comparable sales (4.00) to (7.25), (6.18) Installment and other 236 Sales comparison Adjustments for differences of comparable sales (4.25) to (8.00), (6.27) Total impaired loans $ 34,600 OREO Residential real estate $ 315 Sales comparison Adjustments for differences of comparable sales (9.09) to (9.09), (9.09) Construction real estate 90 Sales comparison Adjustments for differences of comparable sales (9.78) to (9.78), (9.78) Total OREO $ 405 Fair Value Assumptions ASC Topic 825 requires disclosure of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis. The carrying amount and estimated fair values (representing exit price) of other financial instruments as of September 30, 2018 and December 31, 2017 are as follows: Carrying Amount Level 1 Level 2 Level 3 Total (In thousands) September 30, 2018 Financial assets: Cash and due from banks $ 11,046 $ 11,046 $ - $ - $ 11,046 Interest-bearing deposits with banks 3,645 3,645 - - 3,645 Investments: Available for sale 437,975 - 437,976 - 437,976 Held to maturity 7,769 - 7,151 - 7,151 Non-marketable equity securities 5,819 N/A N/A N/A N/A Loans held for sale 6,815 - 6,815 - 6,815 Loans, net 695,296 - - 690,610 690,610 Accrued interest receivable on securities 2,632 - 2,632 - 2,632 Accrued interest receivable on loans 2,246 - - 2,246 2,246 Accrued interest receivable other 5 - - 5 5 Off-balance-sheet instruments: Loan commitments and standby letters of credit $ 27 $ - $ 27 $ - $ 27 Financial liabilities: Non-interest bearing deposits $ 175,655 $ 175,655 $ - $ - $ 175,655 Interest bearing deposits 921,758 - 919,644 - 919,644 Borrowings 15,400 - 15,591 - 15,591 Junior subordinated debt 26,766 - - 17,750 17,750 Accrued interest payable 284 - 175 109 284 December 31, 2017 Financial assets: Cash and due from banks $ 12,893 $ 12,983 $ - $ - $ 12,983 Interest-bearing deposits with banks 22,541 22,541 - - 22,541 Securities purchased under resell agreements - - - - - Investments: Available for sale 468,733 - 468,733 - 468,733 Held to maturity 7,854 - 7,369 - 7,369 Non-marketable equity securities 3,617 N/A N/A N/A N/A Loans, net 686,341 - - 680,911 680,911 Accrued interest receivable on securities 2,795 - 2,795 - 2,795 Accrued interest receivable on loans 2,238 - - 2,238 2,238 Accrued interest receivable other 21 - - 21 21 Off-balance-sheet instruments: Loan commitments and standby letters of credit $ 23 $ - $ 23 $ - $ 23 Financial liabilities: Non-interest bearing deposits $ 161,677 $ 161,677 $ - $ - $ 161,677 Interest bearing deposits 965,670 - 964,717 - 964,717 Long-term borrowings 2,300 - 2,592 - 2,592 Junior subordinated debt 37,116 - - 27,128 27,128 Accrued interest payable 628 - 172 456 628 |
Regulatory Matters
Regulatory Matters | 9 Months Ended |
Sep. 30, 2018 | |
Regulatory Matters [Abstract] | |
Regulatory Matters | Note 17. Regulatory Matters The payment of dividends by any financial institution is affected by the requirement to maintain adequate capital pursuant to applicable capital adequacy guidelines and regulations, and a financial institution generally is prohibited from paying any dividends if, following payment thereof, the institution would be undercapitalized. The Company is subject to statutory and regulatory restrictions on the payment of dividends and generally cannot pay dividends that exceed its net income or which may weaken its financial health. The Company’s primary source of cash is dividends from the Bank. Generally, the Bank is subject to certain restrictions on dividends that it may declare without prior regulatory approval. The Bank cannot pay dividends in any calendar year that, in the aggregate, exceed the Bank’s year-to-date net income plus its retained income for the two preceding years. Additionally, the Bank cannot pay dividends that are in excess of the amount that would result in the Bank falling below the minimum required for capital adequacy purposes. Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Failure to meet capital requirements can initiate regulatory action. The Basel III Rules became effective for the Company on January 1, 2015 with full compliance with all of the requirements being phased in over a multi-year schedule, and fully phased in by January 1, 2019. See Item 1 - "Supervision & Regulation" of the 2017 Form 10-K, for further discussion regarding the Basel III Rules. The Company and the Bank met all capital adequacy requirements to which they were subject as of September 30, 2018 and December 31, 2017. Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. The statutory requirements and actual amounts and ratios for the Company and the Bank are presented below: Actual For Capital Adequacy Purposes To be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) September 30, 2018 Total capital (to risk-weighted assets): Consolidated $ 151,865 17.5493 % $ 69,229 8.00 % N/A N/A Bank only 146,106 16.9333 % 69,027 8.00 % $ 86,283 10.00 % Tier 1 capital (to risk weighted assets): Consolidated 142,186 16.4308 % 51,922 6.00 % N/A N/A Bank only 136,427 15.8115 % 51,770 6.00 % 69,027 8.00 % Common Equity Tier 1 Capital (to risk weighted assets): Consolidated 116,952 13.5148 % 38,941 4.50 % N/A N/A Bank only 136,427 15.8115 % 38,827 4.50 % 56,084 6.50 % Tier 1 leverage (to average assets): Consolidated 142,186 11.2026 % 50,769 4.00 % N/A N/A Bank only 136,427 10.7753 % 50,644 4.00 % 63,306 5.00 % N/A—not applicable Actual For Capital Adequacy Purposes To be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) December 31, 2017 Total capital (to risk-weighted assets): Consolidated $ 152,076 18.1982 % $ 66,853 8.00 % N/A N/A Bank only 134,959 16.1823 % 66,720 8.00 % $ 83,399 10.00 % Tier 1 capital (to risk weighted assets): Consolidated 132,900 15.9035 % 50,140 6.00 % N/A N/A Bank only 124,481 14.9259 % 50,040 6.00 % 66,720 8.00 % Common Equity Tier 1 Capital (to risk weighted assets): Consolidated 106,320 12.7228 % 37,605 4.50 % N/A N/A Bank only 124,481 14.9259 % 37,530 4.50 % 54,210 6.50 % Tier 1 leverage (to average assets): Consolidated 132,900 10.1821 % 33,427 4.00 % N/A N/A Bank only 124,481 9.6006 % 33,360 4.00 % 41,700 5.00 % N/A - not applicable The Bank's capital ratios fall into the category of "well-capitalized" as of September 30, 2018 and December 31, 2017. Trinity and the Bank are also required to maintain a “capital conservation buffer” of 2.5% above the regulatory minimum risk-based capital requirements. The purpose of the conservation buffer is to ensure that banks maintain a buffer of capital that can be used to absorb losses during periods of financial and economic stress. The capital conservation buffer began to be phased in beginning in January 2016 at 0.625% of risk-weighted assets and will increase by that amount each year until fully implemented in January 2019. An institution would be subject to limitations on certain activities, including payment of dividends, share repurchases and discretionary bonuses to executive officers, if its capital level is below the buffered ratio. Factoring in the fully phased-in conservation buffer increases the minimum ratios described above to 7.0% for Common Equity Tier 1, 8.5% for Tier 1 Capital and 10.5% for Total Capital. At September 30, 2018 the Bank's capital conservation buffer was 8.9333% and the consolidated capital conservation buffer was 9.0148%. At December 31, 2017 the Bank's capital conservation buffer was 8.1823% and the consolidated capital conservation buffer was 8.2228%. |
Subsequent Event
Subsequent Event | 9 Months Ended |
Sep. 30, 2018 | |
Subsequent Event [Abstract] | |
Subsequent Event | Note 18. Subsequent Event On November 1, 2018, the Company and the Bank entered into an agreement and plan of merger (the “merger agreement”) with Enterprise Financial Services Corp (“EFSC”) and its wholly-owned subsidiary, Enterprise Bank & Trust (“EB&T”), pursuant to which the Company will merge with and into EFSC, with EFSC surviving (the “merger”). Immediately following the merger, the Bank will merge with and into EB&T, with EB&T surviving. The board of directors of each party to the merger agreement has approved the merger. The completion of the merger is subject to customary closing conditions, including the approval of the Company’s shareholders and bank regulatory approvals, and is expected to close in early 2019. Directors and certain shareholders and executive officers of the Company have entered into agreements with EFSC pursuant to which they have committed to vote their shares of Company common stock in favor of the merger. Under the terms of the merger agreement and upon completion of the merger, holders of Company common stock will have the right to receive 0.1972 shares of EFSC common stock and $1.84 in cash for each share of TCC common stock they hold, subject to certain adjustments. Based on EFSC's closing price of $43.45 per share on October 31, 2018, the merger consideration mix would result in a total of approximately $38 million in cash and $175 million in EFSC shares. |
Basis of Presentation (Policies
Basis of Presentation (Policies) | 9 Months Ended |
Sep. 30, 2018 | |
Basis of Presentation [Abstract] | |
Consolidation | Consolidation: "Consolidation." |
Basis of presentation | Basis of presentation: The accompanying unaudited consolidated financial statements have been prepared in accordance with GAAP for financial information and with the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the statements reflect all adjustments necessary for a fair presentation of the financial position, results of operations and cash flows of the Company on a consolidated basis, and all such adjustments are of a normal recurring nature. These financial statements and the notes thereto should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 (the "2017 Form 10-K"). Operating results for the three and nine months ended September 30, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018 or any other period. |
Reclassifications | Reclassifications |
Earnings (Loss) Per Share Data
Earnings (Loss) Per Share Data (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Earnings (Loss) Per Share Data [Abstract] | |
Calculation of Basic and Diluted Earnings (Loss) Per Share | Average number of shares used in calculation of basic and diluted earnings (loss) per common share were as follows for the three and nine months ended September 30, 2018 and 2017: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (In thousands, except share data) Net income (loss) $ 3,516 $ 405 $ 9,506 $ (1,685 ) Dividends and discount accretion on preferred shares - - - 770 Net income (loss) attributable to common stockholders $ 3,516 $ 405 $ 9,506 $ (2,455 ) Weighted average common shares issued 19,702,110 17,539,689 19,685,998 15,647,178 LESS: Weighted average treasury stock shares - - - - Weighted average common shares outstanding, net 19,702,110 17,539,689 19,685,998 15,647,178 Basic earnings (loss) per common share $ 0.18 $ 0.02 $ 0.48 $ (0.16 ) Dilutive effect of stock-based compensation 255,541 13,134 244,759 - Weighted average common shares outstanding including dilutive shares 19,957,651 17,552,823 19,930,757 15,647,178 Diluted earnings (loss) per common share $ 0.18 $ 0.02 $ 0.48 $ (0.16 ) |
Investment Securities (Tables)
Investment Securities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Investment Securities [Abstract] | |
Amortized Cost and Fair Values of Investment Securities | Amortized cost and fair values of investment securities are summarized as follows: Securities Available for Sale: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) September 30, 2018 U.S. government sponsored agencies $ 69,300 $ - $ (2,296 ) $ 67,004 State and political subdivisions 162,628 30 (5,114 ) 157,544 Residential mortgage backed securities 95,703 37 (2,097 ) 93,643 Residential collateralized mortgage obligations 15,119 48 (188 ) 14,979 Commercial mortgage backed securities 109,725 - (5,388 ) 104,337 SBA pools 486 - (18 ) 468 Totals $ 452,961 $ 115 $ (15,101 ) $ 437,975 December 31, 2017 U.S. government sponsored agencies $ 69,315 $ - $ (764 ) $ 68,551 State and political subdivisions 157,652 1,306 (252 ) 158,706 Residential mortgage backed securities 124,578 98 (1,593 ) 123,083 Residential collateralized mortgage obligations 9,715 51 (80 ) 9,686 Commercial mortgage backed securities 110,483 67 (2,388 ) 108,162 SBA pools 560 - (15 ) 545 Totals $ 472,303 $ 1,522 $ (5,092 ) $ 468,733 Securities Held to Maturity Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) September 30, 2018 SBA pools $ 7,769 $ - $ (618 ) $ 7,151 Totals $ 7,769 $ - $ (618 ) $ 7,151 December 31, 2017 SBA pools $ 7,854 $ - $ (485 ) $ 7,369 Totals $ 7,854 $ - $ (485 ) $ 7,369 |
Realized net gains (losses) on sale and call of securities available for sale | Realized net gains (losses) on sale and call of securities available for sale are summarized as follows: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (In thousands) Gross realized gains $ - $ - $ - $ 6 Gross realized losses - - - (1,254 ) Net gains (losses) $ - $ - $ - $ (1,248 ) |
Unrealized Loss Information for Investment Securities | A summary of unrealized loss information for investment securities, categorized by security type, as of September 30, 2018 and December 31, 2017 was as follows: Less than 12 Months 12 Months or Longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In thousands) Securities Available for Sale: September 30, 2018 U.S. government sponsored agencies $ 26,449 $ (834 ) $ 41,023 $ (1,462 ) $ 67,472 $ (2,296 ) State and political subdivisions 111,103 (3,551 ) 36,527 (1,563 ) 147,630 (5,114 ) Residential mortgage backed securities 27,367 (653 ) 59,894 (1,444 ) 87,261 (2,097 ) Residential collateralized mortgage obligations 6,855 (52 ) 4,234 (136 ) 11,089 (188 ) Commercial mortgage backed securities 19,370 (614 ) 84,965 (4,774 ) 104,335 (5,388 ) SBA pools - - 468 (18 ) 468 (18 ) Totals $ 191,144 $ (5,704 ) $ 227,111 $ (9,397 ) $ 418,255 $ (15,101 ) December 31, 2017 U.S. government sponsored agencies $ 49,070 $ (331 ) $ 19,481 $ (433 ) $ 68,551 $ (764 ) State and political subdivisions 23,217 (95 ) 24,774 (157 ) 47,991 (252 ) Residential mortgage backed securities 18,771 (199 ) 88,100 (1,394 ) 106,871 (1,593 ) Residential collateralized mortgage obligations 4,761 (67 ) 3,502 (13 ) 8,263 (80 ) Commercial mortgage backed securities 6,961 (94 ) 81,042 (2,294 ) 88,003 (2,388 ) SBA pools - - 545 (15 ) 545 (15 ) Totals $ 102,780 $ (786 ) $ 217,444 $ (4,306 ) $ 320,224 $ (5,092 ) Securities Held to Maturity: September 30, 2018 SBA pools $ - $ - $ 7,151 $ (618 ) $ 7,151 $ (618 ) Totals $ - $ - $ 7,151 $ (618 ) $ 7,151 $ (618 ) December 31, 2017 SBA pools $ - $ - $ 7,369 $ (485 ) $ 7,369 $ (485 ) Totals $ - $ - $ 7,369 $ (485 ) $ 7,369 $ (485 ) |
Amortized Cost and Fair Value of Investment Securities, by Contractual Maturity | The amortized cost and fair value of investment securities, as of September 30, 2018, by contractual maturity are shown below. Maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties. Available for Sale Held to Maturity Amortized Cost Fair Value Amortized Cost Fair Value (In thousands) One year or less $ 201 $ 200 $ - $ - One to five years 71,007 68,699 - - Five to ten years 3,209 3,189 - - Over ten years 157,997 152,928 7,769 7,151 Subtotal 232,414 225,016 7,769 7,151 Residential mortgage backed securities 95,703 93,643 - - Residential collateralized mortgage obligations 15,119 14,979 - - Commercial mortgage backed securities 109,725 104,337 Total $ 452,961 $ 437,975 $ 7,769 $ 7,151 |
Loans and Allowance for Loan _2
Loans and Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Loans and Allowance for Loan Losses [Abstract] | |
Loans | As of September 30, 2018 and December 31, 2017, loans consisted of: September 30, 2018 December 31, 2017 (In thousands) Commercial $ 63,539 $ 61,388 Commercial real estate 404,790 378,802 Residential real estate 155,118 178,296 Construction real estate 72,550 63,569 Installment and other 9,998 18,952 Total loans 705,995 701,007 Unearned income (1,171 ) (863 ) Gross loans 704,824 700,144 Allowance for loan losses (9,528 ) (13,803 ) Net loans $ 695,296 $ 686,341 |
Contractual Aging of the Recorded Investment in Current and Past Due Loans by Class of Loans | The following table presents the contractual aging of the recorded investment in current and past due loans by category of loans as of September 30, 2018 and December 31, 2017, including nonaccrual loans: Current 30-59 Days Past Due 60-89 Days Past Due Loans Past Due 90 Days or More Total Past Due Total September 30, 2018 (In thousands) Commercial $ 63,512 $ 27 $ - $ - $ 27 $ 63,539 Commercial real estate 403,507 920 - 363 1,283 404,790 Residential real estate 151,872 1,811 266 1,169 3,246 155,118 Construction real estate 72,178 334 - 38 372 72,550 Installment and other 9,860 47 - 91 138 9,998 Total loans $ 700,929 $ 3,139 $ 266 $ 1,661 $ 5,066 $ 705,995 Nonaccrual loan classification, included above $ 4,888 $ 1,895 $ 266 $ 1,661 $ 3,822 $ 8,710 December 31, 2017 Commercial $ 59,703 $ 173 $ 1,475 $ 37 $ 1,685 $ 61,388 Commercial real estate 371,640 5,490 - 1,672 7,162 378,802 Residential real estate 174,388 1,899 - 2,009 3,908 178,296 Construction real estate 59,291 423 74 3,781 4,278 63,569 Installment and other 18,705 80 81 86 247 18,952 Total loans $ 683,727 $ 8,065 $ 1,630 $ 7,585 $ 17,280 $ 701,007 Nonaccrual loan classification, included above $ 3,858 $ 5,859 $ 38 $ 7,585 $ 13,482 $ 17,340 The following table presents the recorded investment in nonaccrual loans and loans past due 90 days or more and still accruing interest by category of loans as of September 30, 2018 and December 31, 2017: September 30, 2018 December 31, 2017 Nonaccrual Loans Past Due 90 Days or More and Still Accruing Interest Nonaccrual Loans Past Due 90 Days or More and Still Accruing Interest (In thousands) Commercial $ 603 $ - $ 102 $ - Commercial real estate 3,717 - 8,617 - Residential real estate 4,125 - 4,599 - Construction real estate 165 - 3,911 - Installment and other 100 - 111 - Total $ 8,710 $ - $ 17,340 $ - |
Risk Category of Loans by Class of Loans | Loans not meeting the criteria above that are analyzed individually are considered to be pass-rated loans. The following table presents the risk category by category of loans based on the most recent analysis performed as of September 30, 2018 and December 31, 2017: Pass Special Mention Substandard Doubtful Total September 30, 2018 (In thousands) Commercial $ 58,035 $ 3,779 $ 1,725 $ - $ 63,539 Commercial real estate 384,653 3,592 16,545 - 404,790 Residential real estate 149,033 663 5,422 - 155,118 Construction real estate 71,549 876 125 - 72,550 Installment and other 9,900 - 98 - 9,998 Total $ 673,170 $ 8,910 $ 23,915 $ - $ 705,995 December 31, 2017 Commercial $ 58,769 $ 2 $ 2,617 $ - $ 61,388 Commercial real estate 359,768 4,762 14,272 - 378,802 Residential real estate 172,101 - 6,195 - 178,296 Construction real estate 56,661 917 5,991 - 63,569 Installment and other 18,523 - 429 - 18,952 Total $ 665,822 $ 5,681 $ 29,504 $ - $ 701,007 The following table shows all loans, including nonaccrual loans, by risk category and aging as of September 30, 2018 and December 31, 2017: Pass Special Mention Substandard Doubtful Total September 30, 2018 (In thousands) Current $ 671,996 $ 8,910 $ 20,023 $ - $ 700,929 Past due 30-59 days 1,174 - 1,965 - 3,139 Past due 60-89 days - - 266 - 266 Past due 90 days or more - - 1,661 - 1,661 Total $ 673,170 $ 8,910 $ 23,915 $ - $ 705,995 December 31, 2017 Current $ 662,445 $ 5,681 $ 15,601 $ - $ 683,727 Past due 30-59 days 1,785 - 6,280 - 8,065 Past due 60-89 days 1,592 - 38 - 1,630 Past due 90 days or more - - 7,585 - 7,585 Total $ 665,822 $ 5,681 $ 29,504 $ - $ 701,007 |
Loans and Average Loans Individually Evaluated for Impairment by Class of Loans | The following table presents loans individually evaluated for impairment by category of loans as of September 30, 2018 and December 31, 2017, showing the unpaid principal balance, the recorded investment of the loan (reflecting any loans with partial charge-offs), and the amount of allowance for loan losses specifically allocated for these impaired loans (if any): September 30, 2018 December 31, 2017 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated (In thousands) With no related allowance recorded: Commercial $ 110 $ 110 $ 184 $ 182 Commercial real estate 6,494 3,517 4,294 4,154 Residential real estate 5,948 5,032 6,585 5,808 Construction real estate 1,889 1,863 7,471 6,049 Installment and other 293 292 349 348 With an allowance recorded: Commercial 13,671 13,669 $ 321 13,361 13,359 $ 211 Commercial real estate 5,870 5,870 851 10,987 10,987 3,735 Residential real estate 5,344 5,343 943 6,774 6,774 943 Construction real estate 1,161 1,161 42 3,244 3,244 231 Installment and other 240 240 34 236 236 32 Total $ 41,020 $ 37,097 $ 2,191 $ 53,485 $ 51,141 $ 5,152 The following table presents loans individually evaluated for impairment by class of loans for the three and nine months ended September 30, 2018 and 2017, showing the average recorded investment and the interest income recognized: Three Months Ended Nine Months Ended September 30, 2018 September 30, 2017 September 30, 2018 September 30, 2017 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (In thousands) With no related allowance recorded: Commercial $ 112 $ 2 $ 6,834 $ 184 $ 167 $ 4 $ 4,411 $ 543 Commercial real estate 3,241 27 5,133 99 5,231 80 5,084 295 Residential real estate 5,033 32 4,712 54 6,962 94 4,586 162 Construction real estate 3,330 22 7,397 104 6,046 66 7,189 308 Installment and other 296 3 399 5 416 10 353 14 With an allowance recorded: Commercial 13,487 210 7,547 22 17,866 622 10,741 66 Commercial real estate 6,144 64 6,350 69 9,916 189 6,352 205 Residential real estate 5,434 58 7,695 81 8,094 173 8,019 240 Construction real estate 1,255 13 3,302 43 2,987 40 3,755 129 Installment and other 239 2 289 2 319 6 347 7 Total $ 38,571 $ 433 $ 49,658 $ 663 $ 58,004 $ 1,284 $ 50,837 $ 1,969 |
Activity and Allocation of Allowance for Loan Losses | For the three and nine months ended September 30, 2018 and 2017, activity in the allowance for loan losses was as follows: Commercial Commercial Real Estate Residential Real Estate Construction Real Estate Installment and Other Unallocated Total (In thousands) Three Months Ended September 30, 2018: Beginning balance $ 543 $ 6,583 $ 2,151 $ 732 $ 131 $ 304 $ 10,444 Provision (benefit) for loan losses 6 (768 ) (86 ) 15 (30 ) (137 ) (1,000 ) Charge-offs (1 ) - (65 ) - (21 ) - (87 ) Recoveries 25 12 102 4 28 - 171 Net recoveries (charge-offs) 24 12 37 4 7 - 84 Ending balance $ 573 $ 5,827 $ 2,102 $ 751 $ 108 $ 167 $ 9,528 Three Months Ended September 30, 2017: Beginning balance $ 1,377 $ 6,205 $ 3,805 $ 1,117 $ 635 $ 28 $ 13,167 Provision (benefit) for loan losses (297 ) 461 (117 ) 1,731 (2,073 ) 45 (250 ) Charge-offs (7 ) (612 ) - (1,385 ) (19 ) - (2,023 ) Recoveries 56 88 125 37 2,000 - 2,306 Net recoveries (charge-offs) 49 (524 ) 125 (1,348 ) 1,981 - 283 Ending balance $ 1,129 $ 6,142 $ 3,813 $ 1,500 $ 543 $ 73 $ 13,200 Nine Months Ended September 30, 2018: Beginning balance $ 536 $ 8,573 $ 2,843 $ 1,030 $ 315 $ 506 $ 13,803 Provision (benefit) for loan losses 98 (62 ) (799 ) (120 ) (258 ) (339 ) (1,480 ) Charge-offs (134 ) (2,736 ) (184 ) (212 ) (76 ) - (3,342 ) Recoveries 73 52 242 53 127 - 547 Net recoveries (charge-offs) (61 ) (2,684 ) 58 (159 ) 51 - (2,795 ) Ending balance $ 573 $ 5,827 $ 2,102 $ 751 $ 108 $ 167 $ 9,528 Nine Months Ended September 30, 2017: Beginning balance $ 1,449 $ 6,472 $ 4,524 $ 1,119 $ 715 $ 73 $ 14,352 Provision (benefit) for loan losses (356 ) 123 (626 ) 1,739 (2,100 ) - (1,220 ) Charge-offs (270 ) (639 ) (309 ) (1,409 ) (253 ) - (2,880 ) Recoveries 306 186 224 51 2,181 - 2,948 Net recoveries (charge-offs) 36 (453 ) (85 ) (1,358 ) 1,928 - 68 Ending balance $ 1,129 $ 6,142 $ 3,813 $ 1,500 $ 543 $ 73 $ 13,200 Allocation of the allowance for loan losses (as well as the total loans in each allocation method), disaggregated on the basis of the Company’s impairment methodology, is as follows: Commercial Commercial Real Estate Residential Real Estate Construction Real Estate Installment and Other Unallocated Total September 30, 2018 (In thousands) Allowance for loan losses allocated to: Loans individually evaluated for impairment $ 321 $ 851 $ 943 $ 42 $ 34 $ - $ 2,191 Loans collectively evaluated for impairment 252 4,976 1,159 709 74 167 7,337 Ending balance $ 573 $ 5,827 $ 2,102 $ 751 $ 108 $ 167 $ 9,528 Loans: Individually evaluated for impairment $ 13,779 $ 9,387 $ 10,375 $ 3,024 $ 532 $ - $ 37,097 Collectively evaluated for impairment 49,760 395,403 144,743 69,526 9,466 - 668,898 Total ending loans balance $ 63,539 $ 404,790 $ 155,118 $ 72,550 $ 9,998 $ - $ 705,995 December 31, 2017 Allowance for loan losses allocated to: Loans individually evaluated for impairment $ 211 $ 3,735 $ 943 $ 231 $ 32 $ - $ 5,152 Loans collectively evaluated for impairment 325 4,838 1,900 799 283 506 8,651 Ending balance $ 536 $ 8,573 $ 2,843 $ 1,030 $ 315 $ 506 $ 13,803 Loans: Individually evaluated for impairment $ 13,541 $ 15,141 $ 12,582 $ 9,293 $ 584 $ - $ 51,141 Collectively evaluated for impairment 47,847 363,661 165,714 54,276 18,368 - 649,866 Total ending loans balance $ 61,388 $ 378,802 $ 178,296 $ 63,569 $ 18,952 $ - $ 701,007 |
Troubled Debt Restructurings on Financing Receivables | The following tables present the loans restructured as TDRs during the nine months ended September 30, 2018 and the three and nine months ended September 30, 2018 and 2017. There were no new TDRs for the three months ended September 30, 2018. Nine Months Ended September 30, 2018 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Specific Reserves Allocated (Dollars in thousands) Commercial 3 $ 335 $ 335 $ 26 Commercial real estate 2 2,356 2,356 - Residential real estate 2 237 237 - Total 7 $ 2,928 $ 2,928 $ 26 Three Months Ended September 30, 2017 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Specific Reserves Allocated (Dollars in thousands) Commercial 2 $ 105 $ 105 $ 29 Total 2 $ 105 $ 105 $ 29 Nine Months Ended September 30, 2017 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Specific Reserves Allocated (Dollars in thousands) Commercial 4 $ 135 $ 135 $ 30 Residential real estate 2 187 187 - Construction real estate 1 10 10 - Total 7 $ 332 $ 332 $ 30 The following tables present loans by category modified as TDRs for which there was a payment default within 12 months following the modification during the three and nine months ended September 30, 2018 and 2017. There were no TDRs with a payment default within 12 months following modification for the three months ended September 30, 2018. Nine Months Ended September 30, 2018 Number of Contracts Pre-Modification Outstanding Recorded Investment Specific Reserves Allocated (Dollars in thousands) Residential real estate 1 $ 145 $ - Total 1 $ 145 $ - Three Months Ended September 30, 2017 Number of Contracts Pre-Modification Outstanding Recorded Investment Specific Reserves Allocated (Dollars in thousands) Construction real estate 1 $ 61 $ - Total 1 $ 61 $ - Nine Months Ended September 30, 2017 Number of Contracts Pre-Modification Outstanding Recorded Investment Specific Reserves Allocated (Dollars in thousands) Construction real estate 2 $ 807 $ 10 Total 2 $ 807 $ 10 |
Total TDRs in Accrual and Nonaccrual Status | The following table presents total TDRs, both in accrual and nonaccrual status: September 30, 2018 December 31, 2017 Number of Contracts Amount Number of Contracts Amount (Dollars in thousands) Accrual 98 $ 28,387 $ 108 $ 33,801 Nonaccrual 16 3,250 19 5,146 Total 114 $ 31,637 $ 127 $ 38,947 |
Related Parties Loan | An analysis of the activity related to these loans as of September 30, 2018 and December 31, 2017 is as follows: September 30, 2018 December 31, 2017 (In thousands) Balance, beginning $ 198 $ 348 Additions - 13 Changes in composition - (76 ) Principal payments and other reductions (56 ) (87 ) Balance, ending $ 142 $ 198 |
Other Real Estate Owned (Tables
Other Real Estate Owned (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Other Real Estate Owned [Abstract] | |
Other Real Estate Owned | OREO consists of property acquired due to foreclosure on real estate loans. As of September 30, 2018 and December 31, 2017, total OREO consisted of: September 30, 2018 December 31, 2017 (In thousands) Commercial real estate $ 2,308 $ 1,667 Residential real estate 468 886 Construction real estate 3,206 3,879 Total $ 5,982 $ 6,432 |
OREO Activity | The following table presents a summary of OREO activity for the three and nine months ended September 30, 2018 and 2017: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (In thousands) Balance at beginning of period $ 5,870 $ 7,085 $ 6,432 $ 8,436 Transfers in at fair value 746 2,154 1,467 2,848 Capitalized improvements - - 43 - Write-down of value - (29 ) (46 ) (615 ) Gain on disposal 189 124 759 781 Cash received upon disposition (823 ) (1,135 ) (2,358 ) (3,251 ) Sales financed by loans by the Bank - - (315 ) - Balance at end of period $ 5,982 $ 8,199 $ 5,982 $ 8,199 |
Deposits (Tables)
Deposits (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Deposits [Abstract] | |
Deposits | As of September 30, 2018 and December 31, 2017, deposits consisted of: September 30, 2018 December 31, 2017 (In thousands ) Demand deposits, noninterest bearing $ 175,655 $ 161,677 NOW 376,405 385,881 Money market accounts 18,976 18,344 Savings deposits 379,213 388,300 Time certificates, $250,000 or more 19,831 21,639 Other time certificates 127,333 151,506 Total $ 1,097,413 $ 1,127,347 |
Borrowings (Tables)
Borrowings (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Borrowings [Abstract] | |
Borrowings | The following table details borrowings as of September 30, 2018 and December 31, 2017: Maturity Date Rate Type Principal Due September 30, 2018 December 31, 2017 (In thousands) October 1, 2018 2.450 % Variable At maturity $ 13,100 $ - April 27, 2021 6.343 % Fixed At maturity 2,300 2,300 Total $ 15,400 $ 2,300 |
Junior Subordinated Debt (Table
Junior Subordinated Debt (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Junior Subordinated Debt [Abstract] | |
Junior Subordinated Debt | The following table presents details on the junior subordinated debt as of September 30, 2018: Trust III Trust IV Trust V (dollars in thousands) Date of Issue May 11, 2004 June 29, 2005 September 21, 2006 Amount of trust preferred securities issued $ 6,000 $ 10,000 $ 10,000 Rate on trust preferred securities 5.02125% (variable) 6.88000 % 3.98413% (variable) Maturity September 8, 2034 November 23, 2035 December 15, 2036 Date of first redemption September 8, 2009 August 23, 2010 September 15, 2011 Common equity securities issued $ 186 $ 310 $ 310 Junior subordinated deferrable interest debentures owed $ 6,186 $ 10,310 $ 10,310 Rate on junior subordinated deferrable interest debentures 5.02125% (variable) 6.88000 % 3.98413% (variable) |
Income Taxes (Tables)
Income Taxes (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Income Taxes [Abstract] | |
Federal Statutory Tax Rate and Effective Tax Rate Reconciliation | Items causing differences between the Federal statutory tax rate and the effective tax rate are summarized as follows: Three Months Ended September 30, Nine Months Ended September 30, 2018 2018 (In thousands) Federal statutory tax rate $ 1,013 21 % $ 2,538 21 % State income tax, net of federal benefit 196 4 % 476 4 % Net tax exempt interest income (210 ) (4 )% (631 ) (5 )% Other, net (43 ) (1 )% (151 ) (1 )% Tax provision before change in valuation allowance 956 20 % 2,232 18 % Change in valuation allowance 347 7 % 347 3 % Provision for income taxes $ 1,303 27 % $ 2,579 21 % Three Months Ended September 30, Nine Months Ended September 30, 2017 2017 (In thousands) Federal statutory tax rate $ 613 34 % $ 613 34 % State income tax, net of federal benefit 66 4 % 235 13 % Net tax exempt interest income (108 ) (6 )% (372 ) (21 )% Other, net (73 ) (4 )% 998 56 % Tax provision before change in valuation allowance 498 28 % 1,474 82 % Change in valuation allowance 900 50 % 2,013 112 % Provision for income taxes $ 1,398 78 % $ 3,487 194 % |
Commitments and Off-Balance-S_2
Commitments and Off-Balance-Sheet Activities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Commitments and Off-Balance-Sheet Activities [Abstract] | |
Credit-Related Commitments | As of September 30, 2018 and December 31, 2017, the following credit-related commitments were outstanding: Contract Amount September 30, 2018 December 31, 2017 (In thousands) Unfunded commitments under lines of credit $ 132,886 $ 122,910 Commercial and standby letters of credit 3,798 5,377 Commitments to make loans 18,750 1,909 |
Commitments Outstanding, Breakdown Between Fixed-Rate and Adjustable-Rate Loans | Of these commitments outstanding, the breakdown between fixed rate and adjustable rate loans is as follows: September 30, 2018 December 31, 2017 (In thousands) Fixed rate $ 30,092 $ 17,933 Adjustable rate 106,592 110,354 Total $ 136,684 $ 128,287 |
Stock Incentives (Tables)
Stock Incentives (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Stock Incentives [Abstract] | |
Summary of Changes in RSU Activity | A summary of RSU activity under the 2015 Plan for the nine months ended September 30, 2018 is presented below: Shares Weighted Average Grant Price Weighted Average Remaining Contractual Term, in Years Aggregate Intrinsic Value (in thousands) RSUs Nonvested as of January 1, 2018 452,782 $ 4.70 2.01 $ 2,128 Granted 312,775 7.66 1.25 2,396 Vested (40,575 ) 4.61 - (187 ) Forfeited or expired (10,250 ) 5.21 - (53 ) Outstanding Nonvested as of June 30, 2018 714,732 $ 6.00 1.22 $ 4,284 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Fair Value Measurements [Abstract] | |
Financial Assets and Off-Balance-sheet Instruments Measured at Fair Value on a Recurring Basis | The following table summarizes the Company's financial assets and off-balance-sheet instruments measured at fair value on a recurring basis as of September 30, 2018 and December 31, 2017, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Total Level 1 Level 2 Level 3 September 30, 2018 (In thousands) Financial Assets: Investment securities available for sale: U.S. government sponsored agencies $ 67,004 $ - $ 67,004 $ - States and political subdivision 157,544 - 157,544 - Residential mortgage backed securities 93,643 - 93,643 - Residential collateralized mortgage obligation 14,979 - 14,979 - Commercial mortgage backed securities 104,337 - 104,337 - SBA pools 468 - 468 - Total $ 437,975 $ - $ 437,975 $ - Total Level 1 Level 2 Level 3 December 31, 2017 (In thousands) Financial Assets: Investment securities available for sale: U.S. government sponsored agencies $ 68,551 $ - $ 68,551 $ - States and political subdivision 158,706 - 158,706 - Residential mortgage backed securities 123,083 - 123,083 - Residential collateralized mortgage obligation 9,686 - 9,686 - Commercial mortgage backed securities 108,162 - 108,162 - SBA pools 545 - 545 - Total $ 468,733 $ - $ 468,733 $ - |
Assets Measured at Fair Value on a Nonrecurring Basis | Assets measured at fair value on a nonrecurring basis as of September 30, 2018 and December 31, 2017 are included in the table below: ` Total Level 1 Level 2 Level 3 (In thousands) September 30, 2018 Financial Assets Impaired loans $ 24,092 $ - $ - $ 24,092 Non-Financial Assets OREO 222 - - 222 December 31, 2017 Financial Assets Impaired loans $ 34,600 $ - $ - $ 34,600 Non-Financial Assets OREO 405 - - 405 |
Valuation Assumptions Used on Impaired Loans and OREO on a Nonrecurring Basis at Fair Value | Assumptions used to determine impaired loans and OREO are presented below by classification, measured at fair value and on a nonrecurring basis as of September 30, 2018 and December 31, 2017: Fair Value Valuation Technique(s) Unobservable Input(s) Adjustment Range, Weighted Average September 30, 2018 (In thousands) Impaired loans Commercial $ 13,348 Sales comparison Adjustments for differences of comparable sales (5.00)% to (150.00)%, (7.32)% Commercial real estate 5,019 Sales comparison Adjustments for differences of comparable sales (5.50) to (37.50), (7.16) Residential real estate 4,400 Sales comparison Adjustments for differences of comparable sales (3.13) to (37.50), (7.29) Construction real estate 1,119 Sales comparison Adjustments for differences of comparable sales (4.00) to (40.00), (5.97) Installment and other 206 Sales comparison Adjustments for differences of comparable sales (4.13) to (37.50), (7.34) Total impaired loans $ 24,092 OREO Commercial real estate 74 Sales comparison Adjustments for differences of comparable sales (33.33)% to (33.33)%, (33.33)% Residential real estate 148 Sales comparison Adjustments for differences of comparable sales (3.16)% to (3.16)%, (3.16)% Total OREO $ 222 December 31, 2017 Impaired loans Commercial $ 13,359 Sales comparison Adjustments for differences of comparable sales (5.00)% to (100.00)%, (5.97)% Commercial real estate 10,987 Sales comparison Adjustments for differences of comparable sales (4.25) to (7.62), (6.63) Residential real estate 6,774 Sales comparison Adjustments for differences of comparable sales (3.13) to (7.80), (5.74) Construction real estate 3,244 Sales comparison Adjustments for differences of comparable sales (4.00) to (7.25), (6.18) Installment and other 236 Sales comparison Adjustments for differences of comparable sales (4.25) to (8.00), (6.27) Total impaired loans $ 34,600 OREO Residential real estate $ 315 Sales comparison Adjustments for differences of comparable sales (9.09) to (9.09), (9.09) Construction real estate 90 Sales comparison Adjustments for differences of comparable sales (9.78) to (9.78), (9.78) Total OREO $ 405 |
Carrying Amount and Estimated Fair Values of Financial Instruments | The carrying amount and estimated fair values (representing exit price) of other financial instruments as of September 30, 2018 and December 31, 2017 are as follows: Carrying Amount Level 1 Level 2 Level 3 Total (In thousands) September 30, 2018 Financial assets: Cash and due from banks $ 11,046 $ 11,046 $ - $ - $ 11,046 Interest-bearing deposits with banks 3,645 3,645 - - 3,645 Investments: Available for sale 437,975 - 437,976 - 437,976 Held to maturity 7,769 - 7,151 - 7,151 Non-marketable equity securities 5,819 N/A N/A N/A N/A Loans held for sale 6,815 - 6,815 - 6,815 Loans, net 695,296 - - 690,610 690,610 Accrued interest receivable on securities 2,632 - 2,632 - 2,632 Accrued interest receivable on loans 2,246 - - 2,246 2,246 Accrued interest receivable other 5 - - 5 5 Off-balance-sheet instruments: Loan commitments and standby letters of credit $ 27 $ - $ 27 $ - $ 27 Financial liabilities: Non-interest bearing deposits $ 175,655 $ 175,655 $ - $ - $ 175,655 Interest bearing deposits 921,758 - 919,644 - 919,644 Borrowings 15,400 - 15,591 - 15,591 Junior subordinated debt 26,766 - - 17,750 17,750 Accrued interest payable 284 - 175 109 284 December 31, 2017 Financial assets: Cash and due from banks $ 12,893 $ 12,983 $ - $ - $ 12,983 Interest-bearing deposits with banks 22,541 22,541 - - 22,541 Securities purchased under resell agreements - - - - - Investments: Available for sale 468,733 - 468,733 - 468,733 Held to maturity 7,854 - 7,369 - 7,369 Non-marketable equity securities 3,617 N/A N/A N/A N/A Loans, net 686,341 - - 680,911 680,911 Accrued interest receivable on securities 2,795 - 2,795 - 2,795 Accrued interest receivable on loans 2,238 - - 2,238 2,238 Accrued interest receivable other 21 - - 21 21 Off-balance-sheet instruments: Loan commitments and standby letters of credit $ 23 $ - $ 23 $ - $ 23 Financial liabilities: Non-interest bearing deposits $ 161,677 $ 161,677 $ - $ - $ 161,677 Interest bearing deposits 965,670 - 964,717 - 964,717 Long-term borrowings 2,300 - 2,592 - 2,592 Junior subordinated debt 37,116 - - 27,128 27,128 Accrued interest payable 628 - 172 456 628 |
Regulatory Matters (Tables)
Regulatory Matters (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Regulatory Matters [Abstract] | |
Required and Actual Amounts and Ratios for Entity and Bank | The statutory requirements and actual amounts and ratios for the Company and the Bank are presented below: Actual For Capital Adequacy Purposes To be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) September 30, 2018 Total capital (to risk-weighted assets): Consolidated $ 151,865 17.5493 % $ 69,229 8.00 % N/A N/A Bank only 146,106 16.9333 % 69,027 8.00 % $ 86,283 10.00 % Tier 1 capital (to risk weighted assets): Consolidated 142,186 16.4308 % 51,922 6.00 % N/A N/A Bank only 136,427 15.8115 % 51,770 6.00 % 69,027 8.00 % Common Equity Tier 1 Capital (to risk weighted assets): Consolidated 116,952 13.5148 % 38,941 4.50 % N/A N/A Bank only 136,427 15.8115 % 38,827 4.50 % 56,084 6.50 % Tier 1 leverage (to average assets): Consolidated 142,186 11.2026 % 50,769 4.00 % N/A N/A Bank only 136,427 10.7753 % 50,644 4.00 % 63,306 5.00 % N/A—not applicable Actual For Capital Adequacy Purposes To be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) December 31, 2017 Total capital (to risk-weighted assets): Consolidated $ 152,076 18.1982 % $ 66,853 8.00 % N/A N/A Bank only 134,959 16.1823 % 66,720 8.00 % $ 83,399 10.00 % Tier 1 capital (to risk weighted assets): Consolidated 132,900 15.9035 % 50,140 6.00 % N/A N/A Bank only 124,481 14.9259 % 50,040 6.00 % 66,720 8.00 % Common Equity Tier 1 Capital (to risk weighted assets): Consolidated 106,320 12.7228 % 37,605 4.50 % N/A N/A Bank only 124,481 14.9259 % 37,530 4.50 % 54,210 6.50 % Tier 1 leverage (to average assets): Consolidated 132,900 10.1821 % 33,427 4.00 % N/A N/A Bank only 124,481 9.6006 % 33,360 4.00 % 41,700 5.00 % N/A - not applicable |
Earnings (Loss) Per Share Dat_2
Earnings (Loss) Per Share Data (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Computation of basic and diluted earnings (loss) per share [Abstract] | ||||
Net income (loss) | $ 3,516 | $ 405 | $ 9,506 | $ (1,685) |
Dividends and discount accretion on preferred shares | 0 | 0 | 0 | 770 |
Net income (loss) attributable to common stockholders | $ 3,516 | $ 405 | $ 9,506 | $ (2,455) |
Weighted average common shares issued (in shares) | 19,702,110 | 17,539,689 | 19,685,998 | 15,647,178 |
LESS: Weighted average treasury stock shares (in shares) | 0 | 0 | 0 | 0 |
Weighted average common shares outstanding, net (in shares) | 19,702,110 | 17,539,689 | 19,685,998 | 15,647,178 |
Basic earnings (loss) per common share (in dollars per share) | $ 0.18 | $ 0.02 | $ 0.48 | $ (0.16) |
Dilutive effect of stock-based compensation (in shares) | 255,541 | 13,134 | 244,759 | 0 |
Weighted average common shares outstanding including dilutive shares (in shares) | 19,957,651 | 17,552,823 | 19,930,757 | 15,647,178 |
Diluted earnings (loss) per common share (in dollars per share) | $ 0.18 | $ 0.02 | $ 0.48 | $ (0.16) |
Restricted Stock Units [Member] | ||||
Antidilutive Securities, Computation of Earnings Per Share [Abstract] | ||||
Number of shares excluded computation of earnings per share (in shares) | 0 | 0 | 0 | 97,000 |
Restrictions on Cash and Due _2
Restrictions on Cash and Due From Banks (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Restrictions on Cash and Due From Banks [Abstract] | ||
Reserve balances in cash or on deposit with Federal Reserve Bank | $ 0 | $ 0 |
Restricted cash | $ 100 | $ 0 |
Investment Securities, Amortize
Investment Securities, Amortized Cost and Fair Values of Investment Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Securities Available for Sale [Abstract] | ||
Amortized Cost | $ 452,961 | $ 472,303 |
Gross Unrealized Gains | 115 | 1,522 |
Gross Unrealized Losses | (15,101) | (5,092) |
Fair Value | 437,975 | 468,733 |
Securities Held-to-maturity [Abstract] | ||
Amortized Cost | 7,769 | 7,854 |
Gross Unrecognized Gains | 0 | 0 |
Gross Unrecognized Losses | (618) | (485) |
Fair Value | 7,151 | 7,369 |
U.S. Government Sponsored Agencies [Member] | ||
Securities Available for Sale [Abstract] | ||
Amortized Cost | 69,300 | 69,315 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | (2,296) | (764) |
Fair Value | 67,004 | 68,551 |
State and Political Subdivisions [Member] | ||
Securities Available for Sale [Abstract] | ||
Amortized Cost | 162,628 | 157,652 |
Gross Unrealized Gains | 30 | 1,306 |
Gross Unrealized Losses | (5,114) | (252) |
Fair Value | 157,544 | 158,706 |
Residential Mortgage-Backed Securities [Member] | ||
Securities Available for Sale [Abstract] | ||
Amortized Cost | 95,703 | 124,578 |
Gross Unrealized Gains | 37 | 98 |
Gross Unrealized Losses | (2,097) | (1,593) |
Fair Value | 93,643 | 123,083 |
Securities Held-to-maturity [Abstract] | ||
Amortized Cost | 0 | |
Fair Value | 0 | |
Residential Collateralized Mortgage Obligations [Member] | ||
Securities Available for Sale [Abstract] | ||
Amortized Cost | 15,119 | 9,715 |
Gross Unrealized Gains | 48 | 51 |
Gross Unrealized Losses | (188) | (80) |
Fair Value | 14,979 | 9,686 |
Securities Held-to-maturity [Abstract] | ||
Amortized Cost | 0 | |
Fair Value | 0 | |
Commercial Mortgage Backed Securities [Member] | ||
Securities Available for Sale [Abstract] | ||
Amortized Cost | 109,725 | 110,483 |
Gross Unrealized Gains | 0 | 67 |
Gross Unrealized Losses | (5,388) | (2,388) |
Fair Value | 104,337 | 108,162 |
SBA Pools [Member] | ||
Securities Available for Sale [Abstract] | ||
Amortized Cost | 486 | 560 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | (18) | (15) |
Fair Value | 468 | 545 |
Securities Held-to-maturity [Abstract] | ||
Amortized Cost | 7,769 | 7,854 |
Gross Unrecognized Gains | 0 | 0 |
Gross Unrecognized Losses | (618) | (485) |
Fair Value | $ 7,151 | $ 7,369 |
Investment Securities, Realized
Investment Securities, Realized Net Gains (Losses) on Sale of Securities Available for Sale (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Realized net gains (losses) on sale of securities available for sale [Abstract] | ||||
Gross realized gains | $ 0 | $ 0 | $ 0 | $ 6 |
Gross realized losses | 0 | 0 | 0 | (1,254) |
Net gains (losses) | $ 0 | $ 0 | $ 0 | $ (1,248) |
Investment Securities, Unrealiz
Investment Securities, Unrealized Loss Information for Investment Securities (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018USD ($)Security | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($)Security | Sep. 30, 2017USD ($) | Dec. 31, 2017USD ($) | |
Investment Securities [Abstract] | |||||
Tax benefit (provision) related to net realized gains and losses on sale and call of securities available for sale | $ 0 | $ 0 | $ 0 | $ 482 | |
Securities Available for Sale [Abstract] | |||||
Less than 12 Months, Fair Value | 191,144 | 191,144 | $ 102,780 | ||
Less than 12 Months, Unrealized Losses | (5,704) | (5,704) | (786) | ||
12 Months or Longer, Fair Value | 227,111 | 227,111 | 217,444 | ||
12 Months or Longer, Unrealized Losses | (9,397) | (9,397) | (4,306) | ||
Total, Fair Value | 418,255 | 418,255 | 320,224 | ||
Total, Unrealized Losses | (15,101) | (15,101) | (5,092) | ||
Schedule of Held-to-maturity Securities, Amount [Abstract] | |||||
Less than 12 Months, Fair Value | 0 | 0 | 0 | ||
Less than 12 Months, Unrealized Losses | 0 | 0 | 0 | ||
12 Months or Longer, Fair Value | 7,151 | 7,151 | 7,369 | ||
12 Months or Longer, Unrealized Losses | (618) | (618) | (485) | ||
Total, Fair Value | 7,151 | 7,151 | 7,369 | ||
Total, Unrealized Losses | $ (618) | $ (618) | (485) | ||
Number of securities - total | Security | 152 | 152 | |||
Number of securities in unrealized loss position | Security | 131 | 131 | |||
Unrealized losses on debt securities | $ 441,100 | ||||
Percentage of aggregate depreciation of amortized cost basis | 3.44% | 3.44% | |||
Investment securities continuous unrealized loss position twelve months or longer, fair value | $ 244,300 | $ 244,300 | |||
Percentage of aggregate depreciation related to continuous unrealized loss position twelve months or longer | 3.94% | 3.94% | |||
U.S. Government Sponsored Agencies [Member] | |||||
Securities Available for Sale [Abstract] | |||||
Less than 12 Months, Fair Value | $ 26,449 | $ 26,449 | 49,070 | ||
Less than 12 Months, Unrealized Losses | (834) | (834) | (331) | ||
12 Months or Longer, Fair Value | 41,023 | 41,023 | 19,481 | ||
12 Months or Longer, Unrealized Losses | (1,462) | (1,462) | (433) | ||
Total, Fair Value | 67,472 | 67,472 | 68,551 | ||
Total, Unrealized Losses | (2,296) | (2,296) | (764) | ||
State and Political Subdivisions [Member] | |||||
Securities Available for Sale [Abstract] | |||||
Less than 12 Months, Fair Value | 111,103 | 111,103 | 23,217 | ||
Less than 12 Months, Unrealized Losses | (3,551) | (3,551) | (95) | ||
12 Months or Longer, Fair Value | 36,527 | 36,527 | 24,774 | ||
12 Months or Longer, Unrealized Losses | (1,563) | (1,563) | (157) | ||
Total, Fair Value | 147,630 | 147,630 | 47,991 | ||
Total, Unrealized Losses | (5,114) | (5,114) | (252) | ||
Residential Mortgage-Backed Securities [Member] | |||||
Securities Available for Sale [Abstract] | |||||
Less than 12 Months, Fair Value | 27,367 | 27,367 | 18,771 | ||
Less than 12 Months, Unrealized Losses | (653) | (653) | (199) | ||
12 Months or Longer, Fair Value | 59,894 | 59,894 | 88,100 | ||
12 Months or Longer, Unrealized Losses | (1,444) | (1,444) | (1,394) | ||
Total, Fair Value | 87,261 | 87,261 | 106,871 | ||
Total, Unrealized Losses | (2,097) | (2,097) | (1,593) | ||
Residential Collateralized Mortgage Obligations [Member] | |||||
Securities Available for Sale [Abstract] | |||||
Less than 12 Months, Fair Value | 6,855 | 6,855 | 4,761 | ||
Less than 12 Months, Unrealized Losses | (52) | (52) | (67) | ||
12 Months or Longer, Fair Value | 4,234 | 4,234 | 3,502 | ||
12 Months or Longer, Unrealized Losses | (136) | (136) | (13) | ||
Total, Fair Value | 11,089 | 11,089 | 8,263 | ||
Total, Unrealized Losses | (188) | (188) | (80) | ||
Commercial Mortgage Backed Securities [Member] | |||||
Securities Available for Sale [Abstract] | |||||
Less than 12 Months, Fair Value | 19,370 | 19,370 | 6,961 | ||
Less than 12 Months, Unrealized Losses | (614) | (614) | (94) | ||
12 Months or Longer, Fair Value | 84,965 | 84,965 | 81,042 | ||
12 Months or Longer, Unrealized Losses | (4,774) | (4,774) | (2,294) | ||
Total, Fair Value | 104,335 | 104,335 | 88,003 | ||
Total, Unrealized Losses | (5,388) | (5,388) | (2,388) | ||
SBA Pools [Member] | |||||
Securities Available for Sale [Abstract] | |||||
Less than 12 Months, Fair Value | 0 | 0 | 0 | ||
Less than 12 Months, Unrealized Losses | 0 | 0 | 0 | ||
12 Months or Longer, Fair Value | 468 | 468 | 545 | ||
12 Months or Longer, Unrealized Losses | (18) | (18) | (15) | ||
Total, Fair Value | 468 | 468 | 545 | ||
Total, Unrealized Losses | (18) | (18) | (15) | ||
Schedule of Held-to-maturity Securities, Amount [Abstract] | |||||
Less than 12 Months, Fair Value | 0 | 0 | 0 | ||
Less than 12 Months, Unrealized Losses | 0 | 0 | 0 | ||
12 Months or Longer, Fair Value | 7,151 | 7,151 | 7,369 | ||
12 Months or Longer, Unrealized Losses | (618) | (618) | (485) | ||
Total, Fair Value | 7,151 | 7,151 | 7,369 | ||
Total, Unrealized Losses | $ (618) | $ (618) | $ (485) |
Investment Securities, Amorti_2
Investment Securities, Amortized Cost and Fair Value of Investment Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Available for Sale, Amortized Cost [Abstract] | ||
One year or less | $ 201 | |
One to five years | 71,007 | |
Five to ten years | 3,209 | |
Over ten years | 157,997 | |
Subtotal | 232,414 | |
Amortized cost | 452,961 | $ 472,303 |
Available for Sale, Fair Value [Abstract] | ||
One year or less | 200 | |
One to five years | 68,699 | |
Five to ten years | 3,189 | |
Over ten years | 152,928 | |
Subtotal | 225,016 | |
Fair Value | 437,975 | 468,733 |
Held to Maturity, Amortized Cost [Abstract] | ||
One year or less | 0 | |
One to five years | 0 | |
Five to ten years | 0 | |
Over ten years | 7,769 | |
Subtotal | 7,769 | |
Amortized Cost | 7,769 | 7,854 |
Held to Maturity, Fair Value [Abstract] | ||
One year or less | 0 | |
One to five years | 0 | |
Five to ten years | 0 | |
Over ten years | 7,151 | |
Subtotal | 7,151 | |
Fair value | 7,151 | 7,369 |
Securities pledged as collateral on public deposits and for other purposes as required or permitted by law | 100,300 | 87,400 |
Residential Mortgage-Backed Securities [Member] | ||
Available for Sale, Amortized Cost [Abstract] | ||
Amortized cost | 95,703 | 124,578 |
Available for Sale, Fair Value [Abstract] | ||
Fair Value | 93,643 | 123,083 |
Held to Maturity, Amortized Cost [Abstract] | ||
Amortized Cost | 0 | |
Held to Maturity, Fair Value [Abstract] | ||
Fair value | 0 | |
Residential Collateralized Mortgage Obligations [Member] | ||
Available for Sale, Amortized Cost [Abstract] | ||
Amortized cost | 15,119 | 9,715 |
Available for Sale, Fair Value [Abstract] | ||
Fair Value | 14,979 | 9,686 |
Held to Maturity, Amortized Cost [Abstract] | ||
Amortized Cost | 0 | |
Held to Maturity, Fair Value [Abstract] | ||
Fair value | 0 | |
Commercial Mortgage Backed Securities [Member] | ||
Available for Sale, Amortized Cost [Abstract] | ||
Amortized cost | 109,725 | 110,483 |
Available for Sale, Fair Value [Abstract] | ||
Fair Value | $ 104,337 | $ 108,162 |
Loans and Allowance for Loan _3
Loans and Allowance for Loan Losses, Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Components of loans receivables [Abstract] | ||
Total loans | $ 705,995 | $ 701,007 |
Unearned income | (1,171) | (863) |
Gross loans | 704,824 | 700,144 |
Allowance for loan losses | (9,528) | (13,803) |
Net loans | $ 695,296 | 686,341 |
Percentage of outstanding principal balance of commercial real estate loans secured by owner occupied properties | 24.80% | |
Commercial [Member] | ||
Components of loans receivables [Abstract] | ||
Total loans | $ 63,539 | 61,388 |
Commercial Real Estate [Member] | ||
Components of loans receivables [Abstract] | ||
Total loans | 404,790 | 378,802 |
Residential Real Estate [Member] | ||
Components of loans receivables [Abstract] | ||
Total loans | 155,118 | 178,296 |
Construction Real Estate [Member] | ||
Components of loans receivables [Abstract] | ||
Total loans | 72,550 | 63,569 |
Installment and Other [Member] | ||
Components of loans receivables [Abstract] | ||
Total loans | $ 9,998 | $ 18,952 |
Loans and Allowance for Loan _4
Loans and Allowance for Loan Losses, Loan Classification (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Current | $ 700,929 | $ 683,727 |
Nonaccrual loan classification, Current | 4,888 | 3,858 |
Total Past Due | 5,066 | 17,280 |
Nonaccrual loan classification, Total Past Due | 3,822 | 13,482 |
Total loans | 705,995 | 701,007 |
Nonaccrual | 8,710 | 17,340 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
30-59 Days Past Due [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Total Past Due | 3,139 | 8,065 |
Nonaccrual loan classification, Total Past Due | 1,895 | 5,859 |
60-89 Days Past Due [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Total Past Due | 266 | 1,630 |
Nonaccrual loan classification, Total Past Due | 266 | 38 |
90 Days or More Past Due [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Total Past Due | 1,661 | 7,585 |
Nonaccrual loan classification, Total Past Due | 1,661 | 7,585 |
Commercial [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Current | 63,512 | 59,703 |
Total Past Due | 27 | 1,685 |
Total loans | 63,539 | 61,388 |
Nonaccrual | 603 | 102 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial [Member] | 30-59 Days Past Due [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Total Past Due | 27 | 173 |
Commercial [Member] | 60-89 Days Past Due [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Total Past Due | 0 | 1,475 |
Commercial [Member] | 90 Days or More Past Due [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Total Past Due | 0 | 37 |
Commercial Real Estate [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Current | 403,507 | 371,640 |
Total Past Due | 1,283 | 7,162 |
Total loans | 404,790 | 378,802 |
Nonaccrual | 3,717 | 8,617 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Real Estate [Member] | 30-59 Days Past Due [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Total Past Due | 920 | 5,490 |
Commercial Real Estate [Member] | 60-89 Days Past Due [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Total Past Due | 0 | 0 |
Commercial Real Estate [Member] | 90 Days or More Past Due [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Total Past Due | 363 | 1,672 |
Residential Real Estate [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Current | 151,872 | 174,388 |
Total Past Due | 3,246 | 3,908 |
Total loans | 155,118 | 178,296 |
Nonaccrual | 4,125 | 4,599 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Residential Real Estate [Member] | 30-59 Days Past Due [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Total Past Due | 1,811 | 1,899 |
Residential Real Estate [Member] | 60-89 Days Past Due [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Total Past Due | 266 | 0 |
Residential Real Estate [Member] | 90 Days or More Past Due [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Total Past Due | 1,169 | 2,009 |
Construction Real Estate [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Current | 72,178 | 59,291 |
Total Past Due | 372 | 4,278 |
Total loans | 72,550 | 63,569 |
Nonaccrual | 165 | 3,911 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Construction Real Estate [Member] | 30-59 Days Past Due [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Total Past Due | 334 | 423 |
Construction Real Estate [Member] | 60-89 Days Past Due [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Total Past Due | 0 | 74 |
Construction Real Estate [Member] | 90 Days or More Past Due [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Total Past Due | 38 | 3,781 |
Installment and Other [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Current | 9,860 | 18,705 |
Total Past Due | 138 | 247 |
Total loans | 9,998 | 18,952 |
Nonaccrual | 100 | 111 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Installment and Other [Member] | 30-59 Days Past Due [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Total Past Due | 47 | 80 |
Installment and Other [Member] | 60-89 Days Past Due [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Total Past Due | 0 | 81 |
Installment and Other [Member] | 90 Days or More Past Due [Member] | ||
Contractual aging of the recorded investment in current and past due loans by class of loans [Abstract] | ||
Total Past Due | $ 91 | $ 86 |
Loans and Allowance for Loan _5
Loans and Allowance for Loan Losses, Risk Category by Class of Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Risk category of loans by class of loans [Abstract] | ||
Total loans | $ 705,995 | $ 701,007 |
Current | 700,929 | 683,727 |
Past due | 5,066 | 17,280 |
Nonaccrual | 8,710 | 17,340 |
Past Due 30-59 Days [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 3,139 | 8,065 |
Past Due 60-89 Days [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 266 | 1,630 |
Past Due 90 Days or More [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 1,661 | 7,585 |
Pass [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 673,170 | 665,822 |
Current | 671,996 | 662,445 |
Pass [Member] | Past Due 30-59 Days [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 1,174 | 1,785 |
Pass [Member] | Past Due 60-89 Days [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 0 | 1,592 |
Pass [Member] | Past Due 90 Days or More [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 0 | 0 |
Special Mention [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 8,910 | 5,681 |
Current | 8,910 | 5,681 |
Special Mention [Member] | Past Due 30-59 Days [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 0 | 0 |
Special Mention [Member] | Past Due 60-89 Days [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 0 | 0 |
Special Mention [Member] | Past Due 90 Days or More [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 0 | 0 |
Substandard [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 23,915 | 29,504 |
Current | 20,023 | 15,601 |
Nonaccrual | 7,200 | 17,300 |
Substandard [Member] | Past Due 30-59 Days [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 1,965 | 6,280 |
Substandard [Member] | Past Due 60-89 Days [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 266 | 38 |
Substandard [Member] | Past Due 90 Days or More [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 1,661 | 7,585 |
Doubtful [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 0 | 0 |
Current | 0 | 0 |
Doubtful [Member] | Past Due 30-59 Days [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 0 | 0 |
Doubtful [Member] | Past Due 60-89 Days [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 0 | 0 |
Doubtful [Member] | Past Due 90 Days or More [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 0 | 0 |
Commercial [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 63,539 | 61,388 |
Current | 63,512 | 59,703 |
Past due | 27 | 1,685 |
Nonaccrual | 603 | 102 |
Commercial [Member] | Past Due 30-59 Days [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 27 | 173 |
Commercial [Member] | Past Due 60-89 Days [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 0 | 1,475 |
Commercial [Member] | Past Due 90 Days or More [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 0 | 37 |
Commercial [Member] | Pass [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 58,035 | 58,769 |
Commercial [Member] | Special Mention [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 3,779 | 2 |
Commercial [Member] | Substandard [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 1,725 | 2,617 |
Commercial [Member] | Doubtful [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 0 | 0 |
Commercial Real Estate [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 404,790 | 378,802 |
Current | 403,507 | 371,640 |
Past due | 1,283 | 7,162 |
Nonaccrual | 3,717 | 8,617 |
Commercial Real Estate [Member] | Past Due 30-59 Days [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 920 | 5,490 |
Commercial Real Estate [Member] | Past Due 60-89 Days [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 0 | 0 |
Commercial Real Estate [Member] | Past Due 90 Days or More [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 363 | 1,672 |
Commercial Real Estate [Member] | Pass [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 384,653 | 359,768 |
Commercial Real Estate [Member] | Special Mention [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 3,592 | 4,762 |
Commercial Real Estate [Member] | Substandard [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 16,545 | 14,272 |
Commercial Real Estate [Member] | Doubtful [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 0 | 0 |
Residential Real Estate [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 155,118 | 178,296 |
Current | 151,872 | 174,388 |
Past due | 3,246 | 3,908 |
Nonaccrual | 4,125 | 4,599 |
Residential Real Estate [Member] | Past Due 30-59 Days [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 1,811 | 1,899 |
Residential Real Estate [Member] | Past Due 60-89 Days [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 266 | 0 |
Residential Real Estate [Member] | Past Due 90 Days or More [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 1,169 | 2,009 |
Residential Real Estate [Member] | Pass [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 149,033 | 172,101 |
Residential Real Estate [Member] | Special Mention [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 663 | 0 |
Residential Real Estate [Member] | Substandard [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 5,422 | 6,195 |
Residential Real Estate [Member] | Doubtful [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 0 | 0 |
Construction Real Estate [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 72,550 | 63,569 |
Current | 72,178 | 59,291 |
Past due | 372 | 4,278 |
Nonaccrual | 165 | 3,911 |
Construction Real Estate [Member] | Past Due 30-59 Days [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 334 | 423 |
Construction Real Estate [Member] | Past Due 60-89 Days [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 0 | 74 |
Construction Real Estate [Member] | Past Due 90 Days or More [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 38 | 3,781 |
Construction Real Estate [Member] | Pass [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 71,549 | 56,661 |
Construction Real Estate [Member] | Special Mention [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 876 | 917 |
Construction Real Estate [Member] | Substandard [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 125 | 5,991 |
Construction Real Estate [Member] | Doubtful [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 0 | 0 |
Installment and Other [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 9,998 | 18,952 |
Current | 9,860 | 18,705 |
Past due | 138 | 247 |
Nonaccrual | 100 | 111 |
Installment and Other [Member] | Past Due 30-59 Days [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 47 | 80 |
Installment and Other [Member] | Past Due 60-89 Days [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 0 | 81 |
Installment and Other [Member] | Past Due 90 Days or More [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Past due | 91 | 86 |
Installment and Other [Member] | Pass [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 9,900 | 18,523 |
Installment and Other [Member] | Special Mention [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 0 | 0 |
Installment and Other [Member] | Substandard [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | 98 | 429 |
Installment and Other [Member] | Doubtful [Member] | ||
Risk category of loans by class of loans [Abstract] | ||
Total loans | $ 0 | $ 0 |
Loans and Allowance for Loan _6
Loans and Allowance for Loan Losses, Impairment by Class of Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Unpaid Principal Balance [Abstract] | |||||
Total | $ 41,020 | $ 41,020 | $ 53,485 | ||
Recorded Investment [Abstract] | |||||
Total | 37,097 | 37,097 | 51,141 | ||
Allowance for Loan Losses Allocated [Abstract] | |||||
With an allowance recorded | 2,191 | 2,191 | 5,152 | ||
Average Recorded Investment [Abstract] | |||||
Total | 38,571 | $ 49,658 | 58,004 | $ 50,837 | |
Interest Income Recognized [Abstract] | |||||
Total | 433 | 663 | 1,284 | 1,969 | |
Troubled debt restructuring, recorded investment | 31,600 | 31,600 | 38,900 | ||
Loan interest income | 118 | 197 | 222 | 585 | |
Commercial [Member] | |||||
Unpaid Principal Balance [Abstract] | |||||
With no related allowance recorded | 110 | 110 | 184 | ||
With an allowance recorded | 13,671 | 13,671 | 13,361 | ||
Recorded Investment [Abstract] | |||||
With no related allowance recorded | 110 | 110 | 182 | ||
With an allowance recorded | 13,669 | 13,669 | 13,359 | ||
Allowance for Loan Losses Allocated [Abstract] | |||||
With an allowance recorded | 321 | 321 | 211 | ||
Average Recorded Investment [Abstract] | |||||
With no related allowance recorded | 112 | 6,834 | 167 | 4,411 | |
With allowance recorded | 13,487 | 7,547 | 17,866 | 10,741 | |
Interest Income Recognized [Abstract] | |||||
With no related allowance recorded | 2 | 184 | 4 | 543 | |
With an allowance recorded | 210 | 22 | 622 | 66 | |
Commercial Real Estate [Member] | |||||
Unpaid Principal Balance [Abstract] | |||||
With no related allowance recorded | 6,494 | 6,494 | 4,294 | ||
With an allowance recorded | 5,870 | 5,870 | 10,987 | ||
Recorded Investment [Abstract] | |||||
With no related allowance recorded | 3,517 | 3,517 | 4,154 | ||
With an allowance recorded | 5,870 | 5,870 | 10,987 | ||
Allowance for Loan Losses Allocated [Abstract] | |||||
With an allowance recorded | 851 | 851 | 3,735 | ||
Average Recorded Investment [Abstract] | |||||
With no related allowance recorded | 3,241 | 5,133 | 5,231 | 5,084 | |
With allowance recorded | 6,144 | 6,350 | 9,916 | 6,352 | |
Interest Income Recognized [Abstract] | |||||
With no related allowance recorded | 27 | 99 | 80 | 295 | |
With an allowance recorded | 64 | 69 | 189 | 205 | |
Residential Real Estate [Member] | |||||
Unpaid Principal Balance [Abstract] | |||||
With no related allowance recorded | 5,948 | 5,948 | 6,585 | ||
With an allowance recorded | 5,344 | 5,344 | 6,774 | ||
Recorded Investment [Abstract] | |||||
With no related allowance recorded | 5,032 | 5,032 | 5,808 | ||
With an allowance recorded | 5,343 | 5,343 | 6,774 | ||
Allowance for Loan Losses Allocated [Abstract] | |||||
With an allowance recorded | 943 | 943 | 943 | ||
Average Recorded Investment [Abstract] | |||||
With no related allowance recorded | 5,033 | 4,712 | 6,962 | 4,586 | |
With allowance recorded | 5,434 | 7,695 | 8,094 | 8,019 | |
Interest Income Recognized [Abstract] | |||||
With no related allowance recorded | 32 | 54 | 94 | 162 | |
With an allowance recorded | 58 | 81 | 173 | 240 | |
Construction Real Estate [Member] | |||||
Unpaid Principal Balance [Abstract] | |||||
With no related allowance recorded | 1,889 | 1,889 | 7,471 | ||
With an allowance recorded | 1,161 | 1,161 | 3,244 | ||
Recorded Investment [Abstract] | |||||
With no related allowance recorded | 1,863 | 1,863 | 6,049 | ||
With an allowance recorded | 1,161 | 1,161 | 3,244 | ||
Allowance for Loan Losses Allocated [Abstract] | |||||
With an allowance recorded | 42 | 42 | 231 | ||
Average Recorded Investment [Abstract] | |||||
With no related allowance recorded | 3,330 | 7,397 | 6,046 | 7,189 | |
With allowance recorded | 1,255 | 3,302 | 2,987 | 3,755 | |
Interest Income Recognized [Abstract] | |||||
With no related allowance recorded | 22 | 104 | 66 | 308 | |
With an allowance recorded | 13 | 43 | 40 | 129 | |
Installment and Other [Member] | |||||
Unpaid Principal Balance [Abstract] | |||||
With no related allowance recorded | 293 | 293 | 349 | ||
With an allowance recorded | 240 | 240 | 236 | ||
Recorded Investment [Abstract] | |||||
With no related allowance recorded | 292 | 292 | 348 | ||
With an allowance recorded | 240 | 240 | 236 | ||
Allowance for Loan Losses Allocated [Abstract] | |||||
With an allowance recorded | 34 | 34 | $ 32 | ||
Average Recorded Investment [Abstract] | |||||
With no related allowance recorded | 296 | 399 | 416 | 353 | |
With allowance recorded | 239 | 289 | 319 | 347 | |
Interest Income Recognized [Abstract] | |||||
With no related allowance recorded | 3 | 5 | 10 | 14 | |
With an allowance recorded | $ 2 | $ 2 | $ 6 | $ 7 |
Loans and Allowance for Loan _7
Loans and Allowance for Loan Losses, Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Dec. 31, 2017 | |
Activity in the allowance for loan losses [Roll Forward] | ||||||
Beginning balance | $ 10,444 | $ 13,167 | $ 13,803 | $ 14,352 | ||
Provision (benefit) for loan losses | (1,000) | (250) | (1,480) | (1,220) | ||
Charge-offs | (87) | (2,023) | (3,342) | (2,880) | ||
Recoveries | 171 | 2,306 | 547 | 2,948 | ||
Net recoveries (charge-offs) | 84 | 283 | (2,795) | 68 | ||
Ending balance | 9,528 | 13,200 | 9,528 | 13,200 | ||
Allowance for loan losses allocated to [Abstract] | ||||||
Loans individually evaluated for impairment | $ 2,191 | $ 5,152 | ||||
Loans collectively evaluated for impairment | 7,337 | 8,651 | ||||
Ending balance | 10,444 | 13,167 | 13,803 | 14,352 | 9,528 | 13,803 |
Loans [Abstract] | ||||||
Individually evaluated for impairment | 37,097 | 51,141 | ||||
Collectively evaluated for impairment | 668,898 | 649,866 | ||||
Total ending loans balance | 705,995 | 701,007 | ||||
Commercial [Member] | ||||||
Activity in the allowance for loan losses [Roll Forward] | ||||||
Beginning balance | 543 | 1,377 | 536 | 1,449 | ||
Provision (benefit) for loan losses | 6 | (297) | 98 | (356) | ||
Charge-offs | (1) | (7) | (134) | (270) | ||
Recoveries | 25 | 56 | 73 | 306 | ||
Net recoveries (charge-offs) | 24 | 49 | (61) | 36 | ||
Ending balance | 573 | 1,129 | 573 | 1,129 | ||
Allowance for loan losses allocated to [Abstract] | ||||||
Loans individually evaluated for impairment | 321 | 211 | ||||
Loans collectively evaluated for impairment | 252 | 325 | ||||
Ending balance | 543 | 1,377 | 536 | 1,449 | 573 | 536 |
Loans [Abstract] | ||||||
Individually evaluated for impairment | 13,779 | 13,541 | ||||
Collectively evaluated for impairment | 49,760 | 47,847 | ||||
Total ending loans balance | 63,539 | 61,388 | ||||
Commercial Real Estate [Member] | ||||||
Activity in the allowance for loan losses [Roll Forward] | ||||||
Beginning balance | 6,583 | 6,205 | 8,573 | 6,472 | ||
Provision (benefit) for loan losses | (768) | 461 | (62) | 123 | ||
Charge-offs | 0 | (612) | (2,736) | (639) | ||
Recoveries | 12 | 88 | 52 | 186 | ||
Net recoveries (charge-offs) | 12 | (524) | (2,684) | (453) | ||
Ending balance | 5,827 | 6,142 | 5,827 | 6,142 | ||
Allowance for loan losses allocated to [Abstract] | ||||||
Loans individually evaluated for impairment | 851 | 3,735 | ||||
Loans collectively evaluated for impairment | 4,976 | 4,838 | ||||
Ending balance | 6,583 | 6,205 | 8,573 | 6,472 | 5,827 | 8,573 |
Loans [Abstract] | ||||||
Individually evaluated for impairment | 9,387 | 15,141 | ||||
Collectively evaluated for impairment | 395,403 | 363,661 | ||||
Total ending loans balance | 404,790 | 378,802 | ||||
Residential Real Estate [Member] | ||||||
Activity in the allowance for loan losses [Roll Forward] | ||||||
Beginning balance | 2,151 | 3,805 | 2,843 | 4,524 | ||
Provision (benefit) for loan losses | (86) | (117) | (799) | (626) | ||
Charge-offs | (65) | 0 | (184) | (309) | ||
Recoveries | 102 | 125 | 242 | 224 | ||
Net recoveries (charge-offs) | 37 | 125 | 58 | (85) | ||
Ending balance | 2,102 | 3,813 | 2,102 | 3,813 | ||
Allowance for loan losses allocated to [Abstract] | ||||||
Loans individually evaluated for impairment | 943 | 943 | ||||
Loans collectively evaluated for impairment | 1,159 | 1,900 | ||||
Ending balance | 2,151 | 3,805 | 2,843 | 4,524 | 2,102 | 2,843 |
Loans [Abstract] | ||||||
Individually evaluated for impairment | 10,375 | 12,582 | ||||
Collectively evaluated for impairment | 144,743 | 165,714 | ||||
Total ending loans balance | 155,118 | 178,296 | ||||
Construction Real Estate [Member] | ||||||
Activity in the allowance for loan losses [Roll Forward] | ||||||
Beginning balance | 732 | 1,117 | 1,030 | 1,119 | ||
Provision (benefit) for loan losses | 15 | 1,731 | (120) | 1,739 | ||
Charge-offs | 0 | (1,385) | (212) | (1,409) | ||
Recoveries | 4 | 37 | 53 | 51 | ||
Net recoveries (charge-offs) | 4 | (1,348) | (159) | (1,358) | ||
Ending balance | 751 | 1,500 | 751 | 1,500 | ||
Allowance for loan losses allocated to [Abstract] | ||||||
Loans individually evaluated for impairment | 42 | 231 | ||||
Loans collectively evaluated for impairment | 709 | 799 | ||||
Ending balance | 732 | 1,117 | 1,030 | 1,119 | 751 | 1,030 |
Loans [Abstract] | ||||||
Individually evaluated for impairment | 3,024 | 9,293 | ||||
Collectively evaluated for impairment | 69,526 | 54,276 | ||||
Total ending loans balance | 72,550 | 63,569 | ||||
Installment and Other [Member] | ||||||
Activity in the allowance for loan losses [Roll Forward] | ||||||
Beginning balance | 131 | 635 | 315 | 715 | ||
Provision (benefit) for loan losses | (30) | (2,073) | (258) | (2,100) | ||
Charge-offs | (21) | (19) | (76) | (253) | ||
Recoveries | 28 | 2,000 | 127 | 2,181 | ||
Net recoveries (charge-offs) | 7 | 1,981 | 51 | 1,928 | ||
Ending balance | 108 | 543 | 108 | 543 | ||
Allowance for loan losses allocated to [Abstract] | ||||||
Loans individually evaluated for impairment | 34 | 32 | ||||
Loans collectively evaluated for impairment | 74 | 283 | ||||
Ending balance | 131 | 635 | 315 | 715 | 108 | 315 |
Loans [Abstract] | ||||||
Individually evaluated for impairment | 532 | 584 | ||||
Collectively evaluated for impairment | 9,466 | 18,368 | ||||
Total ending loans balance | 9,998 | 18,952 | ||||
Unallocated [Member] | ||||||
Activity in the allowance for loan losses [Roll Forward] | ||||||
Beginning balance | 304 | 28 | 506 | 73 | ||
Provision (benefit) for loan losses | (137) | 45 | (339) | 0 | ||
Charge-offs | 0 | 0 | 0 | 0 | ||
Recoveries | 0 | 0 | 0 | 0 | ||
Net recoveries (charge-offs) | 0 | 0 | 0 | 0 | ||
Ending balance | 167 | 73 | 167 | 73 | ||
Allowance for loan losses allocated to [Abstract] | ||||||
Loans individually evaluated for impairment | 0 | 0 | ||||
Loans collectively evaluated for impairment | 167 | 506 | ||||
Ending balance | $ 304 | $ 28 | $ 506 | $ 73 | 167 | 506 |
Loans [Abstract] | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 0 | 0 | ||||
Total ending loans balance | $ 0 | $ 0 |
Loans and Allowance for Loan _8
Loans and Allowance for Loan Losses, Troubled Debt Restructurings (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($)Contract | Sep. 30, 2018USD ($)Contract | Sep. 30, 2017USD ($)Contract | Dec. 31, 2017USD ($)Contract | |
TDRs on financing receivables [Abstract] | |||||
Number of Contracts | Contract | 2 | 7 | 7 | ||
Pre-Modification Outstanding Recorded Investment | $ 105 | $ 2,928 | $ 332 | ||
Post-Modification Outstanding Recorded Investment | 105 | 2,928 | 332 | ||
Specific reserves allocated | $ 0 | $ 29 | $ 26 | $ 30 | |
TDRs, subsequent default [Abstract] | |||||
Number of Contracts | Contract | 1 | 1 | 2 | ||
Pre-Modification Outstanding Recorded Investment | $ 61 | $ 145 | $ 807 | ||
Specific reserves allocated | 0 | 0 | $ 0 | 10 | |
Number of Contracts [Abstract] | |||||
Accrual | Contract | 98 | 108 | |||
Nonaccrual | Contract | 16 | 19 | |||
Total TDRs | Contract | 114 | 127 | |||
Amount [Abstract] | |||||
Accrual | 28,387 | $ 28,387 | $ 33,801 | ||
Nonaccrual | 3,250 | 3,250 | 5,146 | ||
Total TDRs | 31,637 | 31,637 | 38,947 | ||
TDR charge-offs | 0 | 403 | 2,800 | 458 | |
Troubled debt restructuring, subsequently defaulted, Provision to the allowance for loan losses | 0 | $ 0 | 10 | $ 10 | |
Specific reserves on TDRs | 1,900 | 1,900 | 2,400 | ||
Commitments to lend additional funds | $ 185 | $ 185 | $ 23 | ||
Commercial [Member] | |||||
TDRs on financing receivables [Abstract] | |||||
Number of Contracts | Contract | 2 | 3 | 4 | ||
Pre-Modification Outstanding Recorded Investment | $ 105 | $ 335 | $ 135 | ||
Post-Modification Outstanding Recorded Investment | 105 | 335 | 135 | ||
Specific reserves allocated | $ 29 | $ 26 | $ 30 | ||
Commercial Real Estate [Member] | |||||
TDRs on financing receivables [Abstract] | |||||
Number of Contracts | Contract | 2 | ||||
Pre-Modification Outstanding Recorded Investment | $ 2,356 | ||||
Post-Modification Outstanding Recorded Investment | 2,356 | ||||
Specific reserves allocated | $ 0 | ||||
Residential Real Estate [Member] | |||||
TDRs on financing receivables [Abstract] | |||||
Number of Contracts | Contract | 2 | 2 | |||
Pre-Modification Outstanding Recorded Investment | $ 237 | $ 187 | |||
Post-Modification Outstanding Recorded Investment | 237 | 187 | |||
Specific reserves allocated | $ 0 | $ 0 | |||
TDRs, subsequent default [Abstract] | |||||
Number of Contracts | Contract | 1 | ||||
Pre-Modification Outstanding Recorded Investment | $ 145 | ||||
Specific reserves allocated | $ 0 | ||||
Construction Real Estate [Member] | |||||
TDRs on financing receivables [Abstract] | |||||
Number of Contracts | Contract | 1 | ||||
Pre-Modification Outstanding Recorded Investment | $ 10 | ||||
Post-Modification Outstanding Recorded Investment | 10 | ||||
Specific reserves allocated | $ 0 | ||||
TDRs, subsequent default [Abstract] | |||||
Number of Contracts | Contract | 1 | 2 | |||
Pre-Modification Outstanding Recorded Investment | $ 61 | $ 807 | |||
Specific reserves allocated | $ 0 | $ 10 |
Loans and Allowance for Loan _9
Loans and Allowance for Loan Losses, Activity Related to Loans (Details) - USD ($) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Loans and Allowance for Loan Losses [Abstract] | ||
Loans outstanding to executive officers and directors | $ 258,400 | $ 324,400 |
Analysis of the activity related to loans [Roll Forward] | ||
Balance, beginning | 198,000 | 348,000 |
Additions | 0 | 13,000 |
Changes in composition | 0 | (76,000) |
Principal payments and other reductions | (56,000) | (87,000) |
Balance, ending | $ 142,000 | $ 198,000 |
Other Real Estate Owned, Proper
Other Real Estate Owned, Property Acquired Due to Foreclosure on Real Estate Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 |
Other Real Estate [Abstract] | ||||||
Other real estate owned | $ 5,982 | $ 5,870 | $ 6,432 | $ 8,199 | $ 7,085 | $ 8,436 |
Loans secured by real estate properties | 547 | 1,400 | ||||
Commercial Real Estate [Member] | ||||||
Other Real Estate [Abstract] | ||||||
Other real estate owned | 2,308 | 1,667 | ||||
Residential Real Estate [Member] | ||||||
Other Real Estate [Abstract] | ||||||
Other real estate owned | 468 | 886 | ||||
Construction Real Estate [Member] | ||||||
Other Real Estate [Abstract] | ||||||
Other real estate owned | $ 3,206 | $ 3,879 |
Other Real Estate Owned, Rollfo
Other Real Estate Owned, Rollforward (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Other Real Estate [Roll Forward] | ||||
Balance at beginning of period | $ 5,870 | $ 7,085 | $ 6,432 | $ 8,436 |
Transfers in at fair value | 746 | 2,154 | 1,467 | 2,848 |
Capitalized improvements | 0 | 0 | 43 | 0 |
Write-down of value | 0 | (29) | (46) | (615) |
Gain on disposal | 189 | 124 | 759 | 781 |
Cash received upon disposition | (823) | (1,135) | (2,358) | (3,251) |
Sales financed by loans by the Bank | 0 | 0 | (315) | 0 |
Balance at end of period | $ 5,982 | $ 8,199 | $ 5,982 | $ 8,199 |
Deposits (Details)
Deposits (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Deposits [Abstract] | ||
Demand deposits, noninterest bearing | $ 175,655 | $ 161,677 |
NOW | 376,405 | 385,881 |
Money market accounts | 18,976 | 18,344 |
Savings deposits | 379,213 | 388,300 |
Time certificates, $250,000 or more | 19,831 | 21,639 |
Other time certificates | 127,333 | 151,506 |
Total deposits | 1,097,413 | 1,127,347 |
Deposits from executive officers, directors and their affiliates | $ 1,500 | $ 2,200 |
Borrowings (Details)
Borrowings (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2017 | |
Line of Credit Facility, FHLB [Abstract] | ||
Loans pledged under blanket assignment | $ 337,400 | |
Investment securities held in safekeeping by FHLB | 59,800 | |
Investment securities pledged as collateral | 15,400 | |
Advances available based on remaining unpledged investment securities | 381,800 | |
Fixed rate advances on borrowings [Abstract] | ||
Long-term borrowings | 15,400 | $ 2,300 |
Short-term Borrowings [Member] | ||
Line of Credit Facility, FHLB [Abstract] | ||
Amount of maximum borrowing capacity | $ 20,000 | |
Minimum [Member] | ||
Line of Credit Facility, FHLB [Abstract] | ||
Short-term borrowings period | 15 days | |
Maximum [Member] | ||
Line of Credit Facility, FHLB [Abstract] | ||
Short-term borrowings period | 60 days | |
Federal Home Loan Bank Advances 2.450 % [Member] | ||
Fixed rate advances on borrowings [Abstract] | ||
Maturity Date | Oct. 1, 2018 | |
Rate | 2.45% | |
Type | Variable | |
Principal Due | At maturity | |
Long-term borrowings | $ 13,100 | 0 |
Federal Home Loan Bank Advances 6.343 % [Member] | ||
Fixed rate advances on borrowings [Abstract] | ||
Maturity Date | Apr. 27, 2021 | |
Rate | 6.343% | |
Type | Fixed | |
Principal Due | At maturity | |
Long-term borrowings | $ 2,300 | $ 2,300 |
Junior Subordinated Debt (Detai
Junior Subordinated Debt (Details) $ in Thousands | Mar. 08, 2018USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($)Payment | Sep. 30, 2017USD ($) | Dec. 31, 2017USD ($) |
Debt Instruments [Abstract] | ||||||
Junior subordinated deferrable interest debentures owed | $ 26,766 | $ 26,766 | $ 36,941 | |||
Noninterest Expense | 9,046 | $ 11,673 | $ 28,267 | $ 38,474 | ||
Number of semi annual payments entity has right to defer | Payment | 10 | |||||
Number of quarterly payments entity has right to defer | Payment | 20 | |||||
Accrued interest and unpaid | 109 | $ 109 | ||||
Trust I [Member] | ||||||
Debt Instruments [Abstract] | ||||||
Rate on trust preferred securities | 10.875% | |||||
Maturity | Mar. 8, 2030 | |||||
Principal amount of debt redeemed | $ 10,300 | |||||
Redemption rate | 101.088% | |||||
Redemption price | $ 11,000 | |||||
Noninterest Expense | $ 131 | |||||
Trust III [Member] | ||||||
Debt Instruments [Abstract] | ||||||
Date of Issue | May 11, 2004 | |||||
Amount of trust preferred securities issued | $ 6,000 | $ 6,000 | ||||
Variable rate on trust preferred securities | 5.02125% | 5.02125% | ||||
Maturity | Sep. 8, 2034 | |||||
Date of first redemption | Sep. 8, 2009 | |||||
Common equity securities issued | $ 186 | $ 186 | ||||
Junior subordinated deferrable interest debentures owed | 6,186 | $ 6,186 | ||||
Rate on junior subordinated deferrable interest debentures, variable | 5.02125% | |||||
Trust IV [Member] | ||||||
Debt Instruments [Abstract] | ||||||
Date of Issue | Jun. 29, 2005 | |||||
Amount of trust preferred securities issued | $ 10,000 | $ 10,000 | ||||
Rate on trust preferred securities | 6.88% | 6.88% | ||||
Maturity | Nov. 23, 2035 | |||||
Date of first redemption | Aug. 23, 2010 | |||||
Common equity securities issued | $ 310 | $ 310 | ||||
Junior subordinated deferrable interest debentures owed | $ 10,310 | $ 10,310 | ||||
Rate on junior subordinated deferrable interest debentures, fixed | 6.88% | 6.88% | ||||
Trust V [Member] | ||||||
Debt Instruments [Abstract] | ||||||
Date of Issue | Sep. 21, 2006 | |||||
Amount of trust preferred securities issued | $ 10,000 | $ 10,000 | ||||
Variable rate on trust preferred securities | 3.98413% | 3.98413% | ||||
Maturity | Dec. 15, 2036 | |||||
Date of first redemption | Sep. 15, 2011 | |||||
Common equity securities issued | $ 310 | $ 310 | ||||
Junior subordinated deferrable interest debentures owed | $ 10,310 | $ 10,310 | ||||
Rate on junior subordinated deferrable interest debentures, variable | 3.98413% |
Income Taxes (Details)
Income Taxes (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Income Taxes [Abstract] | ||||
Deferred tax assets, valuation allowance | $ (2,700) | $ (2,700) | ||
Effective Income Tax Rate Reconciliation, Amount [Abstract] | ||||
Federal statutory tax rate | 1,013 | $ 613 | 2,538 | $ 613 |
State income tax, net of federal benefit | 196 | 66 | 476 | 235 |
Net tax exempt interest income | (210) | (108) | (631) | (372) |
Other, net | (43) | (73) | (151) | 998 |
Tax provision before change in valuation allowance | 956 | 498 | 2,232 | 1,474 |
Change in valuation allowance | 347 | 900 | 347 | 2,013 |
Provision for income taxes | $ 1,303 | $ 1,398 | $ 2,579 | $ 3,487 |
Effective Income Tax Rate Reconciliation, Percent [Abstract] | ||||
Federal statutory tax rate | 21.00% | 34.00% | 21.00% | 34.00% |
State income tax, net of federal benefit | 4.00% | 4.00% | 4.00% | 13.00% |
Net tax exempt interest income | (4.00%) | (6.00%) | (5.00%) | (21.00%) |
Other, net | (1.00%) | (4.00%) | (1.00%) | 56.00% |
Tax provision before change in valuation allowance | 20.00% | 28.00% | 18.00% | 82.00% |
Change in valuation allowance | 7.00% | 50.00% | 3.00% | 112.00% |
Provision for income taxes | 27.00% | 78.00% | 21.00% | 194.00% |
Commitments and Off-Balance-S_3
Commitments and Off-Balance-Sheet Activities (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Fixed And Adjustable Rate Loans [Abstract] | ||
Fixed rate | $ 30,092 | $ 17,933 |
Adjustable rate | 106,592 | 110,354 |
Total | 136,684 | 128,287 |
FHLB, collateral amount | $ 397,200 | |
Term of letter of credit | 1 year | |
Potential obligations under credit-related commitments | $ 151 | 575 |
Minimum [Member] | ||
Fixed And Adjustable Rate Loans [Abstract] | ||
Fixed interest rate | 0.00% | |
Maximum [Member] | ||
Fixed And Adjustable Rate Loans [Abstract] | ||
Fixed interest rate | 6.00% | |
Term of derivatives maturities | 11 years | |
Unfunded Commitments under Lines of Credit [Member] | ||
Loss Contingency, Estimate [Abstract] | ||
Credit-related commitments | $ 132,886 | 122,910 |
Commercial and Standby Letters of Credit [Member] | ||
Loss Contingency, Estimate [Abstract] | ||
Credit-related commitments | 3,798 | 5,377 |
Fixed And Adjustable Rate Loans [Abstract] | ||
Fees collected on grants of letters of credit | 27 | 23 |
Commitments to Make Loans [Member] | ||
Loss Contingency, Estimate [Abstract] | ||
Credit-related commitments | $ 18,750 | $ 1,909 |
Preferred Equity Issues (Detail
Preferred Equity Issues (Details) - shares | Sep. 30, 2018 | Dec. 31, 2017 |
Preferred Equity Issues [Abstract] | ||
Preferred shares, outstanding (in shares) | 0 | 0 |
Stock Incentives (Details)
Stock Incentives (Details) - 2015 Plan [Member] - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Share-based Compensation Arrangement by Share-based Payment Award, Other [Abstract] | |||||
Number of shares issuable (in shares) | 252,952 | 252,952 | 30,477 | ||
Additional number of share authorized to issue (in shares) | 500,000 | ||||
Additional Disclosures [Abstract] | |||||
Share-based compensation expense | $ 493 | $ 42 | $ 1,100 | $ 91 | |
Unrecognized compensation cost | $ 3,100 | $ 3,100 | |||
RSUs [Member] | |||||
Summary of changes in RSUs and performance-based RSUs [Roll Forward] | |||||
Nonvested, beginning balance (in shares) | 452,782 | ||||
Granted (in shares) | 12,500 | 312,775 | |||
Vested (in shares) | (40,575) | ||||
Forfeited or expired (in shares) | (3,750) | (10,250) | |||
Nonvested, ending balance (in shares) | 714,732 | 714,732 | 452,782 | ||
Weighted-Average Grant Price [Roll Forward] | |||||
Outstanding, Beginning Balance (in dollars per share) | $ 4.70 | ||||
Granted (in dollars per share) | 7.66 | ||||
Vested (in dollars per share) | 4.61 | ||||
Forfeited or expired (in dollars per share) | 5.21 | ||||
Outstanding, Ending Balance (in dollars per share) | $ 6 | $ 6 | $ 4.70 | ||
Weighted-Average Remaining Contractual Term [Abstract] | |||||
Outstanding | 1 year 2 months 19 days | 2 years 4 days | |||
Granted | 1 year 3 months | ||||
Vested | 0 years | ||||
Forfeited or expired | 0 years | ||||
Aggregate Intrinsic Value [Abstract] | |||||
Outstanding, Beginning Balance | $ 2,128 | ||||
Granted | 2,396 | ||||
Vested | (187) | ||||
Forfeitures or expired | (53) | ||||
Outstanding, Ending Balance | $ 4,284 | $ 4,284 | $ 2,128 |
Fair Value Measurements (Detail
Fair Value Measurements (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Investment securities available for sale [Abstract] | ||
Fair value, Liabilities, Level 2 to Level 1 transfers | $ 0 | $ 0 |
Fair value, Assets, Level 1 to Level 2 transfers | 0 | 0 |
Fair value, Assets, Level 2 to Level 1 transfers | 0 | 0 |
Fair value, Liabilities, Level 1 to Level 2 transfers | 0 | 0 |
Carrying value of impaired loans | 26,300 | 39,800 |
Impaired loans, valuation allowance | 2,200 | 5,200 |
Write-down of OREO | 42 | 43 |
Financial Assets [Abstract] | ||
Impaired loans | 37,097 | 51,141 |
Recurring [Member] | ||
Investment securities available for sale [Abstract] | ||
U.S. government sponsored agencies | 67,004 | 68,551 |
States and political subdivision | 157,544 | 158,706 |
Residential mortgage backed securities | 93,643 | 123,083 |
Residential collateralized mortgage obligation | 14,979 | 9,686 |
Commercial mortgage backed securities | 104,337 | 108,162 |
SBA pools | 468 | 545 |
Total | 437,975 | 468,733 |
Recurring [Member] | Level 1 [Member] | ||
Investment securities available for sale [Abstract] | ||
U.S. government sponsored agencies | 0 | 0 |
States and political subdivision | 0 | 0 |
Residential mortgage backed securities | 0 | 0 |
Residential collateralized mortgage obligation | 0 | 0 |
Commercial mortgage backed securities | 0 | 0 |
SBA pools | 0 | 0 |
Total | 0 | 0 |
Recurring [Member] | Level 2 [Member] | ||
Investment securities available for sale [Abstract] | ||
U.S. government sponsored agencies | 67,004 | 68,551 |
States and political subdivision | 157,544 | 158,706 |
Residential mortgage backed securities | 93,643 | 123,083 |
Residential collateralized mortgage obligation | 14,979 | 9,686 |
Commercial mortgage backed securities | 104,337 | 108,162 |
SBA pools | 468 | 545 |
Total | 437,975 | 468,733 |
Recurring [Member] | Level 3 [Member] | ||
Investment securities available for sale [Abstract] | ||
U.S. government sponsored agencies | 0 | 0 |
States and political subdivision | 0 | 0 |
Residential mortgage backed securities | 0 | 0 |
Residential collateralized mortgage obligation | 0 | 0 |
Commercial mortgage backed securities | 0 | 0 |
SBA pools | 0 | 0 |
Total | 0 | 0 |
Nonrecurring [Member] | ||
Financial Assets [Abstract] | ||
Impaired loans | 24,092 | 34,600 |
Non-Financial Assets [Abstract] | ||
OREO | 222 | 405 |
Nonrecurring [Member] | Level 1 [Member] | ||
Financial Assets [Abstract] | ||
Impaired loans | 0 | 0 |
Non-Financial Assets [Abstract] | ||
OREO | 0 | 0 |
Nonrecurring [Member] | Level 2 [Member] | ||
Financial Assets [Abstract] | ||
Impaired loans | 0 | 0 |
Non-Financial Assets [Abstract] | ||
OREO | 0 | 0 |
Nonrecurring [Member] | Level 3 [Member] | ||
Financial Assets [Abstract] | ||
Impaired loans | 24,092 | 34,600 |
Non-Financial Assets [Abstract] | ||
OREO | $ 222 | $ 405 |
Fair Value Measurements, Assets
Fair Value Measurements, Assets, Quantitative Information (Details) $ in Thousands | Sep. 30, 2018USD ($) | Dec. 31, 2017USD ($) |
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Impaired loans | $ 24,092 | $ 34,600 |
OREO | 222 | 405 |
Commercial [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Impaired loans | $ 13,348 | $ 13,359 |
Commercial [Member] | Sales Comparison [Member] | Minimum [Member] | Adjustments for Differences of Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Impaired loans, unobservable inputs | 0.0500 | 0.0500 |
Commercial [Member] | Sales Comparison [Member] | Maximum [Member] | Adjustments for Differences of Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Impaired loans, unobservable inputs | 1.5000 | 1 |
Commercial [Member] | Sales Comparison [Member] | Weighted Average [Member] | Adjustments for Differences of Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Impaired loans, unobservable inputs | 0.0732 | 0.0597 |
Commercial Real Estate [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Impaired loans | $ 5,019 | $ 10,987 |
OREO | $ 74 | |
Other real estate owned, valuation technique [Extensible List] | us-gaap:MarketApproachValuationTechniqueMember | |
Other real estate owned, measurement input [Extensible List] | us-gaap:MeasurementInputComparabilityAdjustmentMember | |
Commercial Real Estate [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Other real estate owned, unobservable inputs | 0.3333 | |
Commercial Real Estate [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Other real estate owned, unobservable inputs | 0.3333 | |
Commercial Real Estate [Member] | Weighted Average [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Other real estate owned, unobservable inputs | 0.3333 | |
Commercial Real Estate [Member] | Sales Comparison [Member] | Minimum [Member] | Adjustments for Differences of Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Impaired loans, unobservable inputs | 0.0550 | 0.0425 |
Commercial Real Estate [Member] | Sales Comparison [Member] | Maximum [Member] | Adjustments for Differences of Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Impaired loans, unobservable inputs | 0.3750 | 0.0762 |
Commercial Real Estate [Member] | Sales Comparison [Member] | Weighted Average [Member] | Adjustments for Differences of Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Impaired loans, unobservable inputs | 0.0716 | 0.0663 |
Residential Real Estate [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Impaired loans | $ 4,400 | $ 6,774 |
OREO | $ 148 | $ 315 |
Other real estate owned, valuation technique [Extensible List] | us-gaap:MarketApproachValuationTechniqueMember | us-gaap:MarketApproachValuationTechniqueMember |
Other real estate owned, measurement input [Extensible List] | us-gaap:MeasurementInputComparabilityAdjustmentMember | us-gaap:MeasurementInputComparabilityAdjustmentMember |
Residential Real Estate [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Other real estate owned, unobservable inputs | 0.0316 | 0.0909 |
Residential Real Estate [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Other real estate owned, unobservable inputs | 0.0316 | 0.0909 |
Residential Real Estate [Member] | Weighted Average [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Other real estate owned, unobservable inputs | 0.0316 | 0.0909 |
Residential Real Estate [Member] | Sales Comparison [Member] | Minimum [Member] | Adjustments for Differences of Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Impaired loans, unobservable inputs | 0.0313 | 0.0313 |
Residential Real Estate [Member] | Sales Comparison [Member] | Maximum [Member] | Adjustments for Differences of Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Impaired loans, unobservable inputs | 0.3750 | 0.0780 |
Residential Real Estate [Member] | Sales Comparison [Member] | Weighted Average [Member] | Adjustments for Differences of Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Impaired loans, unobservable inputs | 0.0729 | 0.0574 |
Construction Real Estate [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Impaired loans | $ 1,119 | $ 3,244 |
OREO | $ 90 | |
Other real estate owned, valuation technique [Extensible List] | us-gaap:MarketApproachValuationTechniqueMember | |
Other real estate owned, measurement input [Extensible List] | us-gaap:MeasurementInputComparabilityAdjustmentMember | |
Construction Real Estate [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Other real estate owned, unobservable inputs | 0.0978 | |
Construction Real Estate [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Other real estate owned, unobservable inputs | 0.0978 | |
Construction Real Estate [Member] | Weighted Average [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Other real estate owned, unobservable inputs | 0.0978 | |
Construction Real Estate [Member] | Sales Comparison [Member] | Minimum [Member] | Adjustments for Differences of Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Impaired loans, unobservable inputs | 0.0400 | 0.0400 |
Construction Real Estate [Member] | Sales Comparison [Member] | Maximum [Member] | Adjustments for Differences of Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Impaired loans, unobservable inputs | 0.4000 | 0.0725 |
Construction Real Estate [Member] | Sales Comparison [Member] | Weighted Average [Member] | Adjustments for Differences of Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Impaired loans, unobservable inputs | 0.0597 | 0.0618 |
Installment and Other [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Impaired loans | $ 206 | $ 236 |
Installment and Other [Member] | Sales Comparison [Member] | Minimum [Member] | Adjustments for Differences of Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Impaired loans, unobservable inputs | 0.0413 | 0.0425 |
Installment and Other [Member] | Sales Comparison [Member] | Maximum [Member] | Adjustments for Differences of Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Impaired loans, unobservable inputs | 0.3750 | 0.0800 |
Installment and Other [Member] | Sales Comparison [Member] | Weighted Average [Member] | Adjustments for Differences of Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques, Assets [Abstract] | ||
Impaired loans, unobservable inputs | 0.0734 | 0.0627 |
Fair Value Measurements, Estima
Fair Value Measurements, Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Financial assets [Abstract] | ||
Cash and due from banks | $ 11,046 | $ 12,893 |
Interest-bearing deposits with banks | 3,645 | 22,541 |
Investments [Abstract] | ||
Available for sale | 437,975 | 468,733 |
Held to maturity | 7,769 | 7,854 |
Non-marketable equity securities | 5,819 | 3,617 |
Loans, net | 695,296 | 686,341 |
Financial liabilities [Abstract] | ||
Non-interest bearing deposits | 175,655 | 161,677 |
Interest bearing deposits | 921,758 | 965,670 |
Long-term borrowings | 15,400 | 2,300 |
Junior subordinated debt | 26,766 | 36,941 |
Accrued interest payable | 109 | |
Level 1 [Member] | ||
Financial assets [Abstract] | ||
Cash and due from banks | 11,046 | 12,983 |
Interest-bearing deposits with banks | 3,645 | 22,541 |
Securities purchased under resell agreements | 0 | |
Investments [Abstract] | ||
Available for sale | 0 | 0 |
Held to maturity | 0 | 0 |
Loans held for sale | 0 | |
Loans, net | 0 | 0 |
Accrued interest receivable on securities | 0 | 0 |
Accrued interest receivable on loans | 0 | 0 |
Accrued interest receivable other | 0 | 0 |
Off-balance-sheet instruments [Abstract] | ||
Loan commitments and standby letters of credit | 0 | 0 |
Financial liabilities [Abstract] | ||
Non-interest bearing deposits | 175,655 | 161,677 |
Interest bearing deposits | 0 | 0 |
Long-term borrowings | 0 | 0 |
Junior subordinated debt | 0 | 0 |
Accrued interest payable | 0 | 0 |
Level 2 [Member] | ||
Financial assets [Abstract] | ||
Cash and due from banks | 0 | 0 |
Interest-bearing deposits with banks | 0 | 0 |
Securities purchased under resell agreements | 0 | |
Investments [Abstract] | ||
Available for sale | 437,976 | 468,733 |
Held to maturity | 7,151 | 7,369 |
Loans held for sale | 6,815 | |
Loans, net | 0 | 0 |
Accrued interest receivable on securities | 2,632 | 2,795 |
Accrued interest receivable on loans | 0 | 0 |
Accrued interest receivable other | 0 | 0 |
Off-balance-sheet instruments [Abstract] | ||
Loan commitments and standby letters of credit | 27 | 23 |
Financial liabilities [Abstract] | ||
Non-interest bearing deposits | 0 | 0 |
Interest bearing deposits | 919,644 | 964,717 |
Long-term borrowings | 15,591 | 2,592 |
Junior subordinated debt | 0 | 0 |
Accrued interest payable | 175 | 172 |
Level 3 [Member] | ||
Financial assets [Abstract] | ||
Cash and due from banks | 0 | 0 |
Interest-bearing deposits with banks | 0 | 0 |
Securities purchased under resell agreements | 0 | |
Investments [Abstract] | ||
Available for sale | 0 | 0 |
Held to maturity | 0 | 0 |
Loans held for sale | 0 | |
Loans, net | 690,610 | 680,911 |
Accrued interest receivable on securities | 0 | 0 |
Accrued interest receivable on loans | 2,246 | 2,238 |
Accrued interest receivable other | 5 | 21 |
Off-balance-sheet instruments [Abstract] | ||
Loan commitments and standby letters of credit | 0 | 0 |
Financial liabilities [Abstract] | ||
Non-interest bearing deposits | 0 | 0 |
Interest bearing deposits | 0 | 0 |
Long-term borrowings | 0 | 0 |
Junior subordinated debt | 17,750 | 27,128 |
Accrued interest payable | 109 | 456 |
Carrying Amount [Member] | ||
Financial assets [Abstract] | ||
Cash and due from banks | 11,046 | 12,893 |
Interest-bearing deposits with banks | 3,645 | 22,541 |
Securities purchased under resell agreements | 0 | |
Investments [Abstract] | ||
Available for sale | 437,975 | 468,733 |
Held to maturity | 7,769 | 7,854 |
Non-marketable equity securities | 5,819 | 3,617 |
Loans held for sale | 6,815 | |
Loans, net | 695,296 | 686,341 |
Accrued interest receivable on securities | 2,632 | 2,795 |
Accrued interest receivable on loans | 2,246 | 2,238 |
Accrued interest receivable other | 5 | 21 |
Off-balance-sheet instruments [Abstract] | ||
Loan commitments and standby letters of credit | 27 | 23 |
Financial liabilities [Abstract] | ||
Non-interest bearing deposits | 175,655 | 161,677 |
Interest bearing deposits | 921,758 | 965,670 |
Long-term borrowings | 15,400 | 2,300 |
Junior subordinated debt | 26,766 | 37,116 |
Accrued interest payable | 284 | 628 |
Fair Value [Member] | ||
Financial assets [Abstract] | ||
Cash and due from banks | 11,046 | 12,983 |
Interest-bearing deposits with banks | 3,645 | 22,541 |
Securities purchased under resell agreements | 0 | |
Investments [Abstract] | ||
Available for sale | 437,976 | 468,733 |
Held to maturity | 7,151 | 7,369 |
Loans held for sale | 6,815 | |
Loans, net | 690,610 | 680,911 |
Accrued interest receivable on securities | 2,632 | 2,795 |
Accrued interest receivable on loans | 2,246 | 2,238 |
Accrued interest receivable other | 5 | 21 |
Off-balance-sheet instruments [Abstract] | ||
Loan commitments and standby letters of credit | 27 | 23 |
Financial liabilities [Abstract] | ||
Non-interest bearing deposits | 175,655 | 161,677 |
Interest bearing deposits | 919,644 | 964,717 |
Long-term borrowings | 15,591 | 2,592 |
Junior subordinated debt | 17,750 | 27,128 |
Accrued interest payable | $ 284 | $ 628 |
Regulatory Matters (Details)
Regulatory Matters (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2017 | |
Other Disclosures [Abstract] | ||
Number of years net income plus retained income taken for dividend payment | 2 years | |
Total capital (to risk-weighted assets), Amount [Abstract] | ||
Actual | $ 151,865 | $ 152,076 |
For capital adequacy purposes | $ 69,229 | $ 66,853 |
Total capital (to risk-weighted assets), Ratio [Abstract] | ||
Actual | 17.5493% | 18.1982% |
For capital adequacy purposes | 8.00% | 8.00% |
Tier 1 capital ( to risk-weighted assets), Amount [Abstract] | ||
Actual | $ 142,186 | $ 132,900 |
For capital adequacy purposes | $ 51,922 | $ 50,140 |
Tier 1 capital (to risk-weighted assets), Ratio [Abstract] | ||
Actual | 16.4308% | 15.9035% |
For capital adequacy purposes | 6.00% | 6.00% |
Common equity Tier 1 capital (to risk weighted assets), Amount [Abstract] | ||
Actual | $ 116,952 | $ 106,320 |
For capital adequacy purposes | $ 38,941 | $ 37,605 |
Common equity Tier 1 capital (to risk weighted assets), Ratio [Abstract] | ||
Actual | 13.5148% | 12.7228% |
For capital adequacy purposes | 4.50% | 4.50% |
Tier 1 leverage (to average assets), Amount [Abstract] | ||
Actual | $ 142,186 | $ 132,900 |
For capital adequacy purposes | $ 50,769 | $ 33,427 |
Tier 1 leverage (to average assets), Ratio [Abstract] | ||
Actual | 11.2026% | 10.1821% |
For capital adequacy purposes | 4.00% | 4.00% |
Bank Only [Member] | ||
Total capital (to risk-weighted assets), Amount [Abstract] | ||
Actual | $ 146,106 | $ 134,959 |
For capital adequacy purposes | 69,027 | 66,720 |
To be well capitalized under prompt corrective action provisions | $ 86,283 | $ 83,399 |
Total capital (to risk-weighted assets), Ratio [Abstract] | ||
Actual | 16.9333% | 16.1823% |
For capital adequacy purposes | 8.00% | 8.00% |
To be well capitalized under prompt corrective action provisions | 10.00% | 10.00% |
Tier 1 capital ( to risk-weighted assets), Amount [Abstract] | ||
Actual | $ 136,427 | $ 124,481 |
For capital adequacy purposes | 51,770 | 50,040 |
To be well capitalized under prompt corrective action provisions | $ 69,027 | $ 66,720 |
Tier 1 capital (to risk-weighted assets), Ratio [Abstract] | ||
Actual | 15.8115% | 14.9259% |
For capital adequacy purposes | 6.00% | 6.00% |
To be well capitalized under prompt corrective action provisions | 8.00% | 8.00% |
Common equity Tier 1 capital (to risk weighted assets), Amount [Abstract] | ||
Actual | $ 136,427 | $ 124,481 |
For capital adequacy purposes | 38,827 | 37,530 |
To be well capitalized under prompt corrective action provisions | $ 56,084 | $ 54,210 |
Common equity Tier 1 capital (to risk weighted assets), Ratio [Abstract] | ||
Actual | 15.8115% | 14.9259% |
For capital adequacy purposes | 4.50% | 4.50% |
To be well capitalized under prompt corrective action provisions | 6.50% | 6.50% |
Tier 1 leverage (to average assets), Amount [Abstract] | ||
Actual | $ 136,427 | $ 124,481 |
For capital adequacy purposes | 50,644 | 33,360 |
To be well capitalized under prompt corrective action provisions | $ 63,306 | $ 41,700 |
Tier 1 leverage (to average assets), Ratio [Abstract] | ||
Actual | 10.7753% | 9.6006% |
For capital adequacy purposes | 4.00% | 4.00% |
To be well capitalized under prompt corrective action provisions | 5.00% | 5.00% |
Capital Conservation Buffer [Abstract] | ||
Capital conservation buffer | 8.9333% | 8.1823% |
Consolidated capital conservation buffer | 9.0148% | 8.2228% |
Subsequent Event (Details)
Subsequent Event (Details) - Subsequent Event [Member] - Enterprise Financial Services Corp [Member] - USD ($) $ / shares in Units, $ in Millions | Nov. 01, 2018 | Oct. 31, 2018 |
Subsequent Event [Line Items] | ||
Number of shares receivable for each share of common stock held under merger agreement (in shares) | 0.1972 | |
Cash receivable for each share of common stock held under merger agreement (in dollars per share) | $ 1.84 | |
Closing share price (in dollars per share) | $ 43.45 | |
Merger consideration in cash | $ 38 | |
Merger consideration (in shares) | $ 175 |