UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 10-K/A
(Amendment No. 1)
(Mark One)
☒ |
ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2016
☐ |
TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
for the transition period from to
Commission file number 001-35746.
BRYN MAWR BANK CORPORATION
(Exact name of registrant as specified in its charter)
Pennsylvania |
23-2434506 |
(State of other jurisdiction of Incorporation or Organization) |
(I.R.S. Employer Identification Number) |
801 Lancaster Avenue, Bryn Mawr, Pennsylvania |
19010 |
(Address of principal executive offices) |
(Zip Code) |
(Registrant’s telephone number, including area code) (610) 525-1700
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Name of each exchange on which registered |
Common Stock ($1 par value) |
The Nasdaq Stock Market LLC |
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
Yes ☐ No ☒
Indicate by check mark if registrant is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act.
Yes ☐ No ☒
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 of 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period than the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (& 229.405 of this chapter) is not contained herein, and will not be contained, to the best of Registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
Large Accelerated Filer |
☐ |
Accelerated Filer |
☒ |
Non-Accelerated Filer |
☐ |
Smaller Reporting Company |
☐ |
Indicate by checkmark whether the Registrant is a shell company (as defined by Rule 126-2 of the Exchange Act):
Yes ☐ No ☒
The aggregate market value of shares of common stock held by non-affiliates of Registrant (including fiduciary accounts administered by affiliates) was $483,647,309 on June 30, 2016 based on the price at which our common stock was last sold on that date.*
As of March 7, 2017, there were 16,969,451 shares of common stock outstanding.
Documents Incorporated by Reference: Portions of the Definitive Proxy Statement of Registrant to be filed with the Commission pursuant to Regulation 14A with respect to the Registrant’s Annual Meeting of Shareholders to be held on April 20, 2017 (“2017 Proxy Statement”), as indicated in Parts I and II, are incorporated into this Form 10-K by reference.
* |
Registrant does not admit by virtue of the foregoing that its officers and directors are “affiliates” as defined in Rule 405. |
Explanatory Note
Due to an error by our external financial printer, in our Annual Report on Form 10-K for the fiscal year ended December 31, 2016 (“Original Form 10-K”), the line titled “Total comprehensive income” was inadvertently omitted from the Consolidated Statements of Comprehensive Income, in our Original Form 10-K.
This Amendment No. 1 on Form 10-K/A (Amendment) to our Original Form 10-K, filed on March 10, 2017, is being filed in accordance with Rule 12b-15 under the Securities Exchange Act of 1934 for the sole purpose of including the correct Consolidated Statements of Comprehensive Income table and updating Item 15: “Exhibits and Financial Statement Schedules.”
This Amendment does not amend or otherwise update any other information in the Original Form 10-K and does not reflect events occurring after the date of the Original Form 10-K.
Consolidated Statements of Comprehensive Income
(dollars in thousands) |
Twelve Months Ended December 31, |
|||||||||||
2016 |
2015 |
2014 |
||||||||||
Net income |
$ | 36,036 | $ | 16,754 | $ | 27,843 | ||||||
Other comprehensive income (loss): |
||||||||||||
Net change in unrealized (losses) gains on investment securities available for sale: |
||||||||||||
Net unrealized (losses) gains arising during the period, net of tax (benefit) expense of $(1,053), $(618) and $1,335, respectively |
(1,955 | ) | (1,147 | ) | 1,867 | |||||||
Less: reclassification adjustment for net losses (gains) on sales realized in net income, net of tax benefit (expense) of $27, $(326), and $(165), respectively |
50 | (605 | ) | (306 | ) | |||||||
Unrealized investment (losses) gains, net of tax (benefit) expense of $(1,079), $(292) and $1,170, respectively |
(2,005 | ) | (542 | ) | 2,173 | |||||||
Net change in fair value of derivative used for cash flow hedge: |
||||||||||||
Net unrealized losses arising during the period, net of tax benefit of $0, $(228) and $(413), respectively |
- | (422 | ) | (768 | ) | |||||||
Less: realized loss on cash flow hedge reclassified to earnings, net of tax benefit of $0, $214, and $0, respectively |
- | 397 | - | |||||||||
Change in fair value of hedging instruments, net of tax expense (benefit) of $0, $14 and $(413), respectively |
- | 25 | (768 | ) | ||||||||
Net change in unfunded pension liability: |
||||||||||||
Change in unfunded pension liability related to unrealized loss, prior service cost and transition obligation, net of tax expense (benefit) of $5, $264 and $(4,063), respectively |
8 | 514 | (7,544 | ) | ||||||||
Change in unfunded pension liability related to settlement of pension plan, net of tax expense of $0, $6,082 and $0 |
- | 11,295 | - | |||||||||
Total change in unfunded pension liability, net of tax expense (benefit) of $5, $6,346 and $(4,063), respectively |
8 | 11,809 | (7,544 | ) | ||||||||
Total other comprehensive income (loss) |
(1,997 | ) | 11,292 | (6,139 | ) | |||||||
Total comprehensive income | $ | 34,039 | $ | 28,046 | $ | 21,704 |
The accompanying notes are an integral part of the consolidated financial statements.
PART IV
ITEM 15. |
EXHIBITS AND FINANCIAL STATEMENT SCHEDULES |
Item 15(a) (1 & 2) Financial Statements and Schedules
The financial statements listed in the accompanying index to financial statements are filed as part of this Annual Report.
Page | |
Report of Independent Registered Public Accounting Firm |
48 |
Consolidated Balance Sheets |
50 |
Consolidated Statements of Income |
51 |
Consolidated Statements of Comprehensive Income |
52 |
Consolidated Statements of Cash Flows |
53 |
Consolidated Statement of Changes in Shareholders’ Equity |
54 |
Notes to Consolidated Financial Statements |
55 |
Item 15(a) (3) and (b) — Exhibits
Exhibit No. |
Description and References | |
2.1 |
Stock Purchase Agreement, dated as of February 18, 2011, by and between Bryn Mawr Bank Corporation and Hershey Trust Company, incorporated by reference to Exhibit 2.1 of the Corporation’s 8-K filed with SEC on February 18, 2011 | |
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2.2 |
Amendment to Stock Purchase Agreement, dated as of May 27, 2011, by and between Hershey Trust Company and Bryn Mawr Bank Corporation, incorporated by reference to Exhibit 2.2 of the Corporation’s 8-K filed with the SEC on May 27, 2011 | |
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2.3 |
Assignment and Assumption Agreement, dated as of May 27, 2011, by and between Hershey Trust Company and PWMG Bank Holding Company Trust, incorporated by reference to Exhibit 2.3 of the Corporation’s 8-K filed with the SEC on May 27, 2011 | |
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2.4 |
Stock Purchase Agreement, dated as of February 3, 2012, by and among Bryn Mawr Bank Corporation, Davidson Trust Company, Boston Private (PA) Corporation, Bruce K. Bauder, Ernest E. Cecilia, Joseph J. Costigan, William S. Covert, James M. Davidson, Steven R. Klammer, N. Ray Sague, Malcolm C. Wilson, Boston Private Financial Holdings, Inc., and Alvin A. Clay III, incorporated by reference to Exhibit 2. 1 of the Corporation’s 8-K filed with the SEC on February 7, 2012 | |
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2.5 |
Purchase and Assumption Agreement, dated as of April 27, 2012, by and between The Bryn Mawr Trust Company and First Bank of Delaware, incorporated by reference to Exhibit 2. 1 of the Corporation’s 8-K filed with the SEC on May 2, 2012 | |
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2.6 |
Amendment to Stock Purchase Agreement, dates as of May 15, 2012, by and among Bryn Mawr Bank Corporation, Davidson Trust Company, Boston Private (PA) Corporation, Bruce K. Bauder, Ernest E. Cecilia, Joseph J. Costigan, William S. Covert, James M. Davidson, Steven R. Klammer, N. Ray Sague, Malcolm C. Wilson, Boston Private Financial Holdings, Inc., and Alvin A. Clay III, incorporated by reference to Exhibit 2. 1 of the Corporation’s 8-K filed with the SEC on May 18, 2012 | |
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2.7 |
Amendment to Purchase and Assumption Agreement, dated as of October 12, 2012, by and between The Bryn Mawr Trust Company and First Bank of Delaware, incorporated by reference to Exhibit 2.1 of the Corporation’s 8-K filed with the SEC on October 18, 2012 | |
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2.8 |
Amendment to Purchase and Assumption Agreement, dated as of November 14, 2012, by and between The Bryn Mawr Trust Company and First Bank of Delaware, incorporated by reference to Exhibit 2.1 of the Corporation’s 8-K filed with the SEC on November 19, 2012 |
Exhibit No. |
Description and References | |
2.9 | Agreement and Plan of Merger, dated as of May 5, 2014, by and between Bryn Mawr Bank Corporation and Continental Bank Holdings, Inc., incorporated by reference to Exhibit 2.1 to the Corporation’s Form 8-K filed with the SEC on May 5, 2014 | |
2.10 |
Amendment to Agreement and Plan of Merger, dated as of October 23, 2014, between Bryn Mawr Bank Corporation and Continental Bank Holdings, Inc., incorporated by reference to Exhibit 2.1 to the Corporation’s Form 8-K filed with the SEC on October 23, 2014 | |
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2.11 |
Stock Purchase Agreement, dated as of August 21, 2014, by and among The Bryn Mawr Trust Company, Donald W. Parker, Edward F. Lee, and Powers Craft Parker & Beard, Inc., incorporated by reference to Exhibit 2.1 to the Corporation’s Form 10-Q filed with the SEC on November 7, 2014 | |
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2.12 |
Amendment to Stock Purchase Agreement, dated as of October 1, 2014, by and among The Bryn Mawr Trust Company, Donald W. Parker, Edward F. Lee, and Powers Craft Parker and Beard, Inc., incorporated by reference to Exhibit 2.1 to the Corporation’s Form 8-K filed with the SEC on October 3, 2014 | |
2.13 | Agreement and Plan of Merger, dated as of January 30, 2017, by and between Bryn Mawr Bank Corporation and Royal Bancshares of Pennsylvania, Inc., incorporated by reference to Exhibit 2.1 to the Corporation’s Form 8-K filed with the SEC on January 31, 2017 | |
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3.1 |
Amended and Restated By-Laws, effective November 20, 2007, incorporated by reference to Exhibit 3.2 of the Corporation’s Form 8-K filed with the SEC on November 21, 2007 | |
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3.2 |
Amended and Restated Articles of Incorporation, effective November 21, 2007, incorporated by reference to Exhibit 3.1 of the Corporation’s Form 8-K filed with the SEC on November 21, 2007 | |
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4.1 |
Amended and Restated By-Laws, effective November 20, 2007, incorporated by reference to Exhibit 3.2 of the Corporation’s Form 8-K filed with the SEC on November 21, 2007 | |
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4.2 |
Amended and Restated Articles of Incorporation, effective November 21, 2007, incorporated by reference to Exhibit 3.1 of the Corporation’s Form 8-K filed with the SEC on November 21, 2007 | |
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4.3 |
Subordinated Note Purchase Agreement dated July 30, 2008, incorporated by reference to Exhibit 4.4 of the Corporation’s 10-Q filed with SEC on November 10, 2008 | |
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4.4 |
Subordinated Note Purchase Agreement dated August 28, 2008, incorporated by reference to Exhibit 4.5 of the Corporation’s 10-Q filed with the SEC on November 10, 2008 | |
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4.5 |
Subordinated Note Purchase Agreement dated April 20, 2009, incorporated by reference to Exhibit 4.6 of the Corporation’s 10-Q filed with the SEC on August 7, 2009 | |
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4.6 |
Shareholder Rights Agreement, dated as of November 16, 2012, between Bryn Mawr Bank Corporation and Computershare Shareowner Services LLC, as Rights Agent, incorporated by reference to Exhibit 4.1 of the Corporation’s 8-K filed with the SEC on November 16, 2012 | |
4.7 | Indenture, dated August 6, 2015, by and between Bryn Mawr Bank Corporation and U.S. Bank National Association, as trustee, incorporated by reference to the Corporation’s Form 8-K filed with the SEC on August 7, 2015 | |
4.8 | Forms of 4.75% Subordinated Note due 2025 (included as Exhibit A-1 and Exhibit A-2 to the Indenture filed as Exhibit 4.1), incorporated by reference to the Corporation’s Form 8-K filed with the SEC on August 7, 2015 | |
10.1* |
Amended and Restated Supplemental Employee Retirement Plan of the Bryn Mawr Bank Corporation, effective January 1, 1999, incorporated by reference to Exhibit 10.1 of the Corporation’s Form 10-K filed with the SEC on March 13, 2008 | |
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10.2** |
Form of Restricted Stock Agreement for Employees (Service/Performance Based) Subject to the 2010 Long Term Incentive Plan, incorporated by reference to Exhibit 10.3 of the Corporation’s Form 10-K filed with the SEC on March 16, 2011 | |
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10.3* |
Amended and Restated Deferred Bonus Plan for Executives of Bryn Mawr Bank Corporation, effective January 1, 2008 incorporated by reference to Exhibit 10.4 of the Corporation’s Form 10-K filed with the SEC on March 16, 2009 | |
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10.4* |
Amended and Restated Deferred Payment Plan for Directors of Bryn Mawr Bank Corporation, effective January 1, 2008 incorporated by reference to Exhibit 10.5 of the Corporation’s Form 10-K filed with the SEC on March 16, 2009 | |
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10.5* |
Amended and Restated Deferred Payment Plan for Directors of Bryn Mawr Trust Company, effective January 1, 2008 incorporated by reference to Exhibit 10.6 of the Corporation’s Form 10-K filed with the SEC on March 16, 2009 |
Exhibit No. |
Description and References | |
10.6* |
Employment Letter Agreement, dated as of April 25, 2014, between the Corporation and Francis J. Leto, incorporated by reference to Exhibit 10.1 to the Corporation’s Form 8-K filed with the SEC on April 25, 2014 | |
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10.7* |
Amendment to 2012 Restricted Stock Agreement, dated August 20, 2014, between Bryn Mawr Bank Corporation and Fredrick C. Peters, II, incorporated by reference to Exhibit 10.1 to the Corporation’s Form 8-K filed with the SEC on August 21, 2014 | |
|
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10.8* |
Amendment to 2013 Restricted Stock Unit Agreement, dated August 20, 2014, between Bryn Mawr Bank Corporation and Fredrick C. Peters, II, incorporated by reference to Exhibit 10.2 to the Corporation’s Form 8-K filed with the SEC on August 21, 2014 | |
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10.9** |
Bryn Mawr Bank Corporation 2004 Stock Option Plan, incorporated by reference to Appendix A of the Corporation’s Proxy Statement dated March 10, 2004 filed with the SEC on March 8, 2004 | |
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10.10* |
Executive Change-of-Control Amended and Restated Severance Agreement, dated May 21, 2004, between the Bryn Mawr Trust Company and Alison E. Gers, incorporated by reference to Exhibit 10.M of the Corporation’s Form 10-K filed with the SEC on March 15, 2007 | |
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10.11* |
Executive Change-of-Control Amended and Restated Severance Agreement, dated May 21, 2004, between the Bryn Mawr Trust Company and Joseph G. Keefer, incorporated by reference to Exhibit 10.N of the Corporation’s Form 10-K filed with the SEC on March 15, 2007 | |
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10.12* |
Form of Restricted Stock Unit Agreement for Executives (Time/Performance Based), incorporated by reference to Exhibit 10.12 to the Corporation’s Form 10-K filed with the SEC on March 10, 2017 | |
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10.13** |
Form of Key Employee Non-Qualified Stock Option Agreement, incorporated by reference to Exhibit 10.3 of the Corporation’s Form 10-Q filed with the SEC on May 10, 2005 | |
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10.14** |
Form of Non-Qualified Stock Option Agreement for Non-Employee Directors, incorporated by reference to Exhibit 10.2 of the Corporation’s Form 10-Q filed with the SEC on May 10, 2005 | |
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10.15** |
Form of Restricted Stock Unit Agreement for Employees (Service/Performance Based) – Multi-Year Vesting, incorporated by reference to Exhibit 10.1 to the Corporation’s Form 8-K filed with the SEC on September 17, 2014 | |
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10.16** |
2007 Long Term Incentive Plan, effective April 25, 2007, incorporated by reference to Exhibit 10.1 of the Corporation’s Form 10-Q filed with the SEC May 10, 2007 | |
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10.17** |
Bryn Mawr Bank Corporation Supplemental Employee Retirement Plan for Select Executives, executed December 8, 2008, incorporated by reference to Exhibit 10.20 of the Corporation’s Form 10-K filed with the SEC on March 16, 2009 | |
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10.18 |
Form of Director Letter Agreement, incorporated by reference to Exhibit 10.2 to the Corporation’s Form 10-Q filed with the SEC on August 8, 2014 | |
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10.19* |
Executive Change-of-Control Amended and Restated Severance Agreement, dated November 2, 2009, between the Bryn Mawr Trust Company and Francis J. Leto, incorporated by reference to Exhibit 10.1 of the Corporation’s 8-K filed with the SEC on November 6, 2009 | |
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10.20** |
Bryn Mawr Bank Corporation Amended and Restated Dividend Reinvestment and Stock Purchase Plan with Request for Waiver Program, effective April 27, 2012, incorporated by reference to the prospectus supplement filed with the SEC on April 27, 2012 pursuant to Rule 424(b)(2) of the Securities Act | |
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10.21** |
Bryn Mawr Bank Corporation 2010 Long-Term Incentive Plan, effective April 28, 2010, incorporated by reference to Exhibit 10.24 of the Corporation’s Form 10-Q filed with the SEC on May 10, 2010 | |
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10.22* |
Amended and Restated Transition, Consulting, Noncompetition and Retirement Agreement, dated November 25, 2008, by and among First Keystone Financial, Inc., First Keystone Bank and Donald S. Guthrie, as assumed by Bryn Mawr Bank Corporation and The Bryn Mawr Trust Company as of July 1, 2010, incorporated by reference to Exhibit 10.1 of the Corporation’s Form 8-K filed with the SEC on July 1, 2010 | |
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10.23** |
First Keystone Financial, Inc. Amended and Restated 1998 Stock Option Plan, as assumed by Bryn Mawr Bank Corporation, incorporated by reference to Exhibit 10.1 of the Corporation’s Post-Effective Amendment No.1 to Form S-4 on Form S-3, filed with the SEC on July 9, 2010 | |
10.24* |
Executive Change-in-Control Severance Agreement, dated as of November 2, 2016, by and between The Bryn Mawr Trust Company and Harry R. Madeira, Jr., incorporated by reference to Exhibit 10.4 to the Corporation’s Form 10-Q filed with the SEC on November 4, 2016 |
Exhibit No. |
Description and References | |
10.25** |
Restricted Stock Agreement for Employees (Service/Performance Based) Subject to the 2010 Long Term Incentive Plan, dated as of January 10, 2011, for Francis J. Leto, incorporated by reference to Exhibit 10.30 of the Corporation’s Form 10-K filed with the SEC on March 16, 2011 | |
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10.26 |
Amendment No. 2 to Stock Purchase Agreement by and between PWMG Bank Holding Company Trust and Bryn Mawr Bank Corporation dated September 29, 2011, filed with the SEC on Form 8-K on October 4, 2011 | |
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10.27** |
Form of Restricted Stock Agreement for Employees (Service/Performance Based) Subject to the 2010 Long Term Incentive Plan, incorporated by reference to Exhibit 10.32 of the Corporation’s Form 10-Q filed with the SEC on November 9, 2011 | |
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10.28** |
Form of Restricted Stock Agreement for Directors (Service/Performance Based) Subject to the 2010 Long Term Incentive Plan, incorporated by reference to Exhibit 10.33 of the Corporation’s Form 10-Q filed with the SEC on November 9, 2011 | |
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10.29* |
Amendment No. 1 to Amended and Restated Deferred Bonus Plan for Executives of Bryn Mawr Bank Corporation, effective as of January 1, 2013, incorporated by reference to Exhibit 10.29 of the Corporation’s Form 10-K filed with the SEC on March 15, 2013 | |
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10.30* |
Amendment No. 2 to Amended and Restated Deferred Bonus Plan for Executives of Bryn Mawr Bank Corporation, effective as of January 1, 2013, incorporated by reference to Exhibit 10.30 of the Corporation’s Form 10-K filed with the SEC on March 15, 2013 | |
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10.31* |
Form of Letter Agreement entered into with certain executive officers of the Corporation in connection with the curtailment of benefits under the Bryn Mawr Bank Corporation Supplemental Employee Retirement Plan for Select Executives, executed December 8, 2008 (SERP II), incorporated by reference to Exhibit 10.1 of the Corporation’s Form 8-K filed with the SEC on April 4, 2013 | |
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10.32* |
Bryn Mawr Bank Corporation Executive Deferred Compensation Plan, effective January 1, 2013, incorporated by reference to Exhibit 10.32 of the Corporation’s Form 10-K filed with the SEC on March 14, 2014 | |
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10.33* |
Retention Bonus Agreement, dated as of June 10, 2013, by and between The Bryn Mawr Trust Company and Francis J. Leto, incorporated by reference to Exhibit 10.1 of the Corporation’s Form 8-K filed with the SEC on June 14, 2013 | |
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10.34* |
Form of Restricted Stock Unit Agreement for Directors (Time/Performance Based), incorporated by reference to Exhibit 10.34 to the Corporation’s Form 10-K filed with the SEC on March 10, 2017 | |
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10.35** |
Form of Restricted Stock Unit Agreement for Employees (Service/Performance Based), incorporated by reference to Exhibit 10.4 to the Corporation’s Form 10-Q filed with the SEC on November 7, 2014 | |
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10.36** |
Form of Restricted Stock Unit Agreement for Directors (Service/Performance Based), incorporated by reference to Exhibit 10.5 to the Corporation’s Form 10-Q filed with the SEC on November 7, 2014 | |
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10.37** |
Form of Restricted Stock Unit Agreement – Inducement Grant, incorporated by reference to Exhibit 10.6 to the Corporation’s Form 10-Q filed with the SEC on November 7, 2014 | |
10.38 | Second Amended and Restated Dividend Reinvestment and Stock Purchase Plan, effective April 30, 2015, incorporated by reference to the Corporation’s prospectus supplement filed with the SEC on May 1, 2015 pursuant to Rule 424 (b) under the Securities Act of 1933, as amended | |
10.39 | Letter Agreement and General Release, dated July 17, 2015, by and among Bryn Mawr Bank Corporation, The Bryn Mawr Trust Company and J. Duncan Smith, incorporated by reference to the Corporation’s Form 8-K filed with the SEC on July 17, 2015 | |
10.40 | Form of Subordinated Note Purchase Agreement, dated August 6, 2015, by and among Bryn Mawr Bank Corporation and the Purchasers identified therein, incorporated by reference to the Corporation’s Form 8-K filed with the SEC on August 7, 2015 | |
10.41 | Form of Registration Rights Agreement, dated August 6, 2015, by and among Bryn Mawr Bank Corporation and Purchasers identified therein, incorporated by reference to the Corporation’s Form 8-K filed with the SEC on August 7, 2015 | |
10.42* | Employment Letter Agreement, dated September 8, 2015, by and among Bryn Mawr Bank Corporation, The Bryn Mawr Trust Company and Michael W. Harrington, incorporated by reference to Exhibit 10.1 of the Corporation’s Form 8-K filed with the SEC on September 9, 2015 |
Exhibit No. | Description and References | |
10.43* | Executive Change-of-Control Severance Agreement, dated as of September 8, 2015, by and between The Bryn Mawr Trust Company and Michael W. Harrington, incorporated by reference to Exhibit 10.2 to the Corporation’s Form 8-K filed with the SEC on September 9, 2015 | |
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10.44 |
Amended and Restated Bryn Mawr Bank Corporation 2010 Long-Term Incentive Plan, effective April 30, 2015, incorporated by reference to Appendix A of the Corporation’s Proxy Statement on Definitive Schedule 14A filed with the SEC on March 20, 2015 | |
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10.45 |
Form of Restricted Stock Unit Agreement for Employees (Time-Based Cliff Vesting), incorporated by reference to Exhibit 10.2 to the Corporation’s Form 10-Q filed with the SEC on August 7, 2015 | |
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10.46 |
Continental Bank Holdings, Inc. Amended and Restated 2005 Stock Incentive Plan, incorporated by reference to Exhibit 4.3 of the Corporation’s Form S-8 filed with the SEC on January 22, 2015 | |
10.47* |
Employment Letter Agreement, dated July 7, 2016, by and between The Bryn Mawr Trust Company and Denise Rinear, incorporated by reference to Exhibit 10.1 to the Corporation’s Form 10-Q filed with the SEC on November 4, 2016 | |
10.48* |
Executive Change-in-Control Severance Agreement, dated as of August 1, 2016, by and between The Bryn Mawr Trust Company and Denise Rinear, incorporated by reference to Exhibit 10.2 to the Corporation’s 10-Q filed with the SEC on November 4, 2016 | |
10.49* |
Employee Restrictive Covenant Agreement, dated August 1, 2016, by and between The Bryn Mawr Trust Company and Denise Rinear, incorporated by reference to Exhibit 10.3 to the Corporation’s 10-Q filed with the SEC on November 4, 2016 | |
21.1 |
List of Subsidiaries, incorporated by reference to Exhibit 21.1 to the Corporation’s Form 10-K filed with the SEC on March 10, 2017 | |
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23.1 |
Consent of KPMG LLP, incorporated by reference to Exhibit 23.1 to the Corporation’s Form 10-K filed with the SEC on March 10, 2017 | |
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31.1 |
Certification of the Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, incorporated by reference to Exhibit 31.1 to the Corporation’s Form 10-K filed with the SEC on March 10, 2017 | |
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31.2 |
Certification of the Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, incorporated by reference to Exhibit 31.2 to the Corporation’s Form 10-K filed with the SEC on March 10, 2017 | |
31.3 | Certification of the Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, filed herewith | |
31.4 | Certification of the Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, filed herewith | |
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32.1 |
Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, incorporated by reference to Exhibit 32.1 to the Corporation’s Form 10-K filed with the SEC on March 10, 2017 | |
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32.2 |
Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, incorporated by reference to Exhibit 32.2 to the Corporation’s Form 10-K filed with the SEC on March 10, 2017 | |
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99.1 |
Corporation’s Proxy Statement for 2017 Annual Meeting to be held on April 20, 2017, filed with the SEC on March 10, 2017 | |
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101.INS XBRL |
Instance Document, filed herewith | |
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101.SCH XBRL |
Taxonomy Extension Schema Document, filed herewith | |
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101.CAL XBRL |
Taxonomy Extension Calculation Linkbase Document, filed herewith | |
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101.DEF XBRL |
Taxonomy Extension Definition Linkbase Document, filed herewith | |
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101.LAB XBRL |
Taxonomy Extension Label Linkbase Document, filed herewith | |
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101.PRE XBRL |
Taxonomy Extension Presentation Linkbase Document, filed herewith |
________________
* |
Management contract or compensatory plan arrangement. |
** | Shareholder approved compensatory plan pursuant to which the Registrant’s Common Stock may be issued to employees of the Corporation. |
Item 15(c) — Not Applicable
SIGNATURES
Pursuant to the requirements of section 13 or 15d of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, there unto duly authorized.
Bryn Mawr Bank Corporation
By |
/s/ Francis J. Leto |
|
Francis J. Leto |
|
President and Chief Executive Officer |
Date: March 17, 2017
EXHIBIT INDEX
Exhibit No. |
Description and References | |
31.3 |
Certification of the Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, filed herewith | |
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31.4 |
Certification of the Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, filed herewith | |
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101.INS XBRL |
Instance Document, filed herewith | |
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101.SCH XBRL |
Taxonomy Extension Schema Document, filed herewith | |
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101.CAL XBRL |
Taxonomy Extension Calculation Linkbase Document, filed herewith | |
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101.DEF XBRL |
Taxonomy Extension Definition Linkbase Document, filed herewith | |
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101.LAB XBRL |
Taxonomy Extension Label Linkbase Document, filed herewith | |
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101.PRE XBRL |
Taxonomy Extension Presentation Linkbase Document, filed herewith |
Exhibit 31.3
CERTIFICATIONS
I, Francis J. Leto, certify that:
1. |
I have reviewed this Annual Report on Form 10-K/A of Bryn Mawr Bank Corporation; |
2. |
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. |
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report. |
Date: March 17, 2017 |
|
/s/ Francis J. Leto |
|
|
Francis J. Leto, President and Chief Executive Officer |
(Principal Executive Officer) |
Exhibit 31.4
CERTIFICATIONS
I, Michael W. Harrington, certify that:
1. |
I have reviewed this Annual Report on Form 10-K/A of Bryn Mawr Bank Corporation; |
2. |
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. |
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report. |
Date: March 17, 2017 |
|
/s/ Michael W. Harrington |
|
|
Michael W. Harrington, Chief Financial Officer |
(Principal Financial Officer) |
Document And Entity Information - USD ($) |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Mar. 07, 2017 |
Jun. 30, 2016 |
|
Document Information [Line Items] | |||
Entity Registrant Name | Bryn Mawr Bank Corporation | ||
Entity Central Index Key | 0000802681 | ||
Trading Symbol | bmtc | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Accelerated Filer | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Common Stock, Shares Outstanding (in shares) | 16,969,451 | ||
Entity Public Float | $ 483,647,309 | ||
Document Type | 10-K/A | ||
Document Period End Date | Dec. 31, 2016 | ||
Document Fiscal Year Focus | 2016 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | true | ||
Amendment Description | Due to an error by our external financial printer, in our Annual Report on Form 10-K for the fiscal year ended December 31, 2016 (“Original Form 10-K”), the line titled “Total comprehensive income” was inadvertently omitted from the Consolidated Statements of Comprehensive Income, which was located at page 58 of the Original Form 10-K. This Amendment No. 1 on Form 10-K/A (Amendment) to our Original Form 10-K, filed on March 10, 2017, is being filed in accordance with Rule 12b-15 under the Securities Exchange Act of 1934 for the sole purpose of including the correct Consolidated Statements of Comprehensive Income, including the related corrected version in XBRL Exhibit 101. This Amendment does not amend or otherwise update any other information in the Original Form 10-K and does not reflect events occurring after the date of the Original Form 10-K. |
Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Investment securities available for sale, amortized cost | $ 568,890 | $ 347,776 |
Investment securities held to maturity, fair value | $ 2,818 | $ 0 |
Common stock, par value (in dollars per share) | $ 1 | $ 1 |
Common stock, shares authorized (in shares) | 100,000,000 | 100,000,000 |
Common stock, shares issued (in shares) | 21,110,968 | 20,931,416 |
Common stock, shares outstanding (in shares) | 16,939,715 | 17,071,523 |
Treasury stock, shares (in shares) | 4,171,253 | 3,859,893 |
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Net Income | $ 36,036 | $ 16,754 | $ 27,843 |
Net change in unrealized (losses) gains on investment securities available for sale: | |||
Net unrealized (losses) gains arising during the period, net of tax (benefit) expense of $(1,053), $(618) and $1,335, respectively | (1,955) | (1,147) | 1,867 |
Less: reclassification adjustment for net losses (gains) on sales realized in net income, net of tax benefit (expense) of $27, $(326), and $(165), respectively | 50 | (605) | (306) |
Unrealized investment (losses) gains, net of tax (benefit) expense of $(1,079), $(292) and $1,170, respectively | (2,005) | (542) | 2,173 |
Net change in fair value of derivative used for cash flow hedge: | |||
Net unrealized losses arising during the period, net of tax benefit of $0, $(228) and $(413), respectively | 422 | 768 | |
Less: realized loss on cash flow hedge reclassified to earnings, net of tax benefit of $0, $214, and $0, respectively | (397) | ||
Change in fair value of hedging instruments, net of tax expense (benefit) of $0, $14 and $(413), respectively | 25 | (768) | |
Net change in unfunded pension liability: | |||
Change in unfunded pension liability related to unrealized loss, prior service cost and transition obligation, net of tax expense (benefit) of $5, $264 and $(4,063), respectively | 8 | 514 | (7,544) |
Change in unfunded pension liability related to settlement of pension plan, net of tax expense of $0, $6,082 and $0 | 11,295 | ||
Total change in unfunded pension liability, net of tax expense (benefit) of $5, $6,346 and $(4,063), respectively | 8 | 11,809 | (7,544) |
Total other comprehensive income (loss) | (1,997) | 11,292 | (6,139) |
Total comprehensive income | $ 34,039 | $ 28,046 | $ 21,704 |
Consolidated Statements of Comprehensive Income (Parentheticals) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Net unrealized gains arising during the period, tax expense. | $ (1,053) | $ (618) | $ 1,335 |
Reclassification adjustment for net (gains) losses on sales realized in net income, tax (expense) benefit | 27 | (326) | (165) |
Unrealized investment gains (losses), tax expense (benefit) | (1,080) | (292) | 1,170 |
Net unrealized (losses) gains arising during the period, tax (benefit) expense | 0 | (228) | (413) |
Realized loss on cash flow hedge reclassified to earnings, tax benefit | 0 | 214 | 0 |
Change in fair value of hedging instruments, tax (benefit) expense | 0 | 14 | (413) |
Change in unfunded pension liability related to unrealized loss, prior service cost and transition obligation, tax expense (benefit) | 5 | 264 | (4,063) |
Change in unfunded pension liability related to settlement of pension plan, tax expense | 0 | 6,082 | 0 |
Change in unfunded pension liability, tax (benefit) expense | $ 5 | $ 6,346 | $ (4,063) |
Consolidated Statements of Cash Flows - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Operating activities: | |||
Net Income | $ 36,036 | $ 16,754 | $ 27,843 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Provision for loan and lease losses | 4,326 | 4,396 | 884 |
Depreciation of fixed assets | 5,630 | 4,925 | 3,486 |
Net amortization of investment premiums and discounts | 3,200 | 3,280 | 2,299 |
Net loss on settlement of pension plan | 17,377 | ||
Net loss (gain) on sale of investment securities available for sale | 77 | (931) | (471) |
Net gain on sale of loans | (3,119) | (3,022) | (1,772) |
Stock based compensation cost | 1,713 | 1,441 | 1,256 |
Amortization and net impairment of mortgage servicing rights | 880 | 661 | 532 |
Net accretion of fair value adjustments | (3,776) | (4,942) | (2,757) |
Amortization of intangible assets | 3,498 | 4,214 | 2,659 |
Impairment of intangible assets | 387 | ||
Impairment of other real estate owned ("OREO") | 94 | 89 | |
Net loss (gain) on sale of OREO | 76 | (123) | (175) |
Net increase in cash surrender value of bank owned life insurance ("BOLI") | (908) | (782) | (315) |
Other, net | (899) | 1,049 | 2,822 |
Loans originated for resale | (161,597) | (141,578) | (58,173) |
Proceeds from loans sold | 162,762 | 138,964 | 56,866 |
Provision for deferred income taxes | 1,676 | (2,834) | 2,350 |
Excess tax benefit from stock-based compensation | (783) | (831) | |
Change in income taxes payable/receivable | 4,340 | (529) | 808 |
Change in accrued interest receivable | (664) | (215) | 168 |
Change in accrued interest payable | 883 | 516 | 199 |
Net cash provided by operating activities | 54,228 | 37,928 | 37,678 |
Investing activities: | |||
Purchases of investment securities available for sale | (350,669) | (176,034) | (45,199) |
Purchases of investment securities held to maturity | (2,928) | ||
Proceeds from maturity and paydowns of investment securities available for sale | 65,176 | 66,209 | 40,801 |
Proceeds from maturity and paydowns of investment securities held to maturity | 34 | ||
Proceeds from sale of investment securities available for sale | 276 | 64,851 | 24,394 |
Net change in FHLB stock | (4,363) | 3,562 | 131 |
Proceeds from calls of investment securities | 60,840 | 104,240 | 37,750 |
Proceeds from sales of other investments | 664 | 342 | |
Net change in other investments | 264 | (4,184) | (789) |
Net portfolio loan and lease originations | (266,331) | (194,066) | (105,918) |
Purchases of premises and equipment | (2,207) | (7,611) | (5,455) |
Purchases of BOLI | (5,000) | ||
Acquisitions, net of cash acquired | 16,129 | (4,125) | |
Proceeds from sale of OREO | 1,806 | 1,215 | 1,646 |
Net cash used in investing activities | (497,438) | (130,689) | (56,422) |
Financing activities: | |||
Change in deposits | 327,169 | 83,784 | 96,704 |
Change in short-term borrowings | 109,995 | (38,128) | 12,933 |
Dividends paid | (13,961) | (13,837) | (10,189) |
Change in long-term FHLB advances and other borrowings | (65,000) | (24,883) | 54,623 |
Payment of contingent consideration for business combinations | (627) | (542) | |
Net proceeds from issuance of subordinated notes | 29,456 | ||
Excess tax benefit from stock-based compensation | 783 | 831 | |
Cash payments to taxing authorities on employees' behalf from shares withheld from stock-based compensation | (745) | ||
Net (purchase of) proceeds from sale of treasury stock for deferred compensation plans | (133) | (128) | 79 |
Net purchase of treasury stock through publicly announced plans | (7,971) | (26,418) | (947) |
Proceeds from issuance of common stock | 20 | 72 | |
Proceeds from exercise of stock options | 2,181 | 6,452 | 2,836 |
Net cash provided by financing activities | 350,908 | 16,559 | 156,942 |
Change in cash and cash equivalents | (92,302) | (76,202) | 138,198 |
Cash and cash equivalents at beginning of period | 143,067 | 219,269 | 81,071 |
Cash and cash equivalents at end of period | 50,765 | 143,067 | 219,269 |
Supplemental cash flow information: | |||
Income taxes | 12,261 | 11,703 | 11,831 |
Interest | 9,872 | 7,604 | 5,879 |
Non-cash information: | |||
Change in other comprehensive loss | (1,997) | 11,292 | (9,446) |
Change in deferred tax due to change in comprehensive income | (1,074) | 6,068 | (3,306) |
Transfer of loans to other real estate owned and repossessed assets | 546 | 2,283 | 1,763 |
Issuance of shares and options for acquisitions | 123,734 | ||
Acquisition of noncash assets and liabilities: | |||
Assets acquired | 727,908 | 10,005 | |
Liabilities assumed | $ 620,303 | $ 5,880 |
Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands |
Common Stock [Member] |
Additional Paid-in Capital [Member] |
Treasury Stock [Member] |
AOCI Attributable to Parent [Member] |
Retained Earnings [Member] |
Total |
---|---|---|---|---|---|---|
Balance (in shares) at Dec. 31, 2013 | 16,596,869 | |||||
Balance at Dec. 31, 2013 | $ 16,597 | $ 95,673 | $ (30,764) | $ (5,565) | $ 153,957 | $ 229,898 |
Net Income | 27,843 | 27,843 | ||||
Dividends declared | (10,208) | (10,208) | ||||
Net change | (6,139) | (6,139) | ||||
Stock based compensation | 1,256 | 1,256 | ||||
Tax benefit from stock-based compensation | 831 | 831 | ||||
Retirement of treasury stock (in shares) | (3,512) | |||||
Retirement of treasury stock | $ (3) | (32) | 35 | |||
Net purchase of treasury stock from stock award and deferred compensation plans | 45 | (913) | (868) | |||
Issuance costs - S-4 filing | (147) | (147) | ||||
Dividend Reinvestment and Stock Purchase Plan (in shares) | 2,517 | |||||
Dividend Reinvestment and Stock Purchase Plan | $ 2 | 70 | $ 72 | |||
Share-based awards and options exercises (in shares) | 146,261 | 141,370 | ||||
Share-based awards and options exercises | $ 146 | 2,790 | $ 2,936 | |||
Balance (in shares) at Dec. 31, 2014 | 16,742,135 | |||||
Balance at Dec. 31, 2014 | $ 16,742 | 100,486 | (31,642) | (11,704) | 171,592 | 245,474 |
Excess tax benefit from stock-based compensation | 831 | 831 | ||||
Other comprehensive income (loss), net of tax | (6,139) | (6,139) | ||||
Net Income | 16,754 | 16,754 | ||||
Dividends declared | (13,824) | (13,824) | ||||
Net change | 11,292 | 11,292 | ||||
Stock based compensation | 1,441 | 1,441 | ||||
Tax benefit from stock-based compensation | 783 | 783 | ||||
Retirement of treasury stock (in shares) | (4,418) | |||||
Retirement of treasury stock | $ (4) | (40) | 44 | |||
Dividend Reinvestment and Stock Purchase Plan (in shares) | 663 | |||||
Dividend Reinvestment and Stock Purchase Plan | $ 1 | 19 | $ 20 | |||
Share-based awards and options exercises (in shares) | 342,107 | 335,189 | ||||
Share-based awards and options exercises | $ 341 | 6,242 | $ 6,583 | |||
Balance (in shares) at Dec. 31, 2015 | 20,931,416 | 20,931,416 | ||||
Balance at Dec. 31, 2015 | $ 20,931 | 228,814 | (58,144) | (412) | 174,522 | $ 365,711 |
Excess tax benefit from stock-based compensation | 783 | 783 | ||||
Cancellation of forfeited restricted stock awards (in shares) | (27,375) | |||||
Cancellation of forfeited restricted stock awards | $ (27) | 27 | ||||
Net purchase of treasury stock | (26,546) | (26,546) | ||||
Shares issued in acquisitions (in shares) | 3,878,304 | |||||
Shares issued in acquisitions | $ 3,878 | 117,513 | 121,391 | |||
Options assumed in acquisitions | 2,343 | 2,343 | ||||
Other comprehensive income (loss), net of tax | 11,292 | 11,292 | ||||
Net Income | 36,036 | 36,036 | ||||
Dividends declared | (13,989) | (13,989) | ||||
Net change | (1,997) | (1,997) | ||||
Stock based compensation | 1,713 | 1,713 | ||||
Retirement of treasury stock (in shares) | (4,320) | |||||
Retirement of treasury stock | $ (4) | (39) | 43 | |||
Net purchase of treasury stock from stock award and deferred compensation plans | (878) | $ (878) | ||||
Share-based awards and options exercises (in shares) | 183,872 | 105,830 | ||||
Share-based awards and options exercises | $ 184 | 2,121 | $ 2,305 | |||
Balance (in shares) at Dec. 31, 2016 | 21,110,968 | 21,110,968 | ||||
Balance at Dec. 31, 2016 | $ 21,111 | 232,806 | (66,950) | (2,409) | 196,569 | $ 381,127 |
Tax provision-to-return adjustment related to excess tax benefit on stock-based compensation | 197 | 197 | ||||
Other comprehensive income (loss), net of tax | (1,997) | (1,997) | ||||
Net purchase of treasury stock through publicly announced plans | $ (7,971) | $ (7,971) |
Consolidated Statements of Changes in Shareholders' Equity (Parentheticals) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Retained Earnings [Member] | |||
Dividends declared per share (in dollars per share) | $ 0.78 | $ 0.74 | |
AOCI Attributable to Parent [Member] | |||
Other comprehensive income (loss), tax | $ (1,075) | $ 6,080 | $ (3,307) |
Dividends declared per share (in dollars per share) | $ 0.82 | $ 0.78 | $ 0.74 |
Note 1 - Summary of Significant Accounting Policies |
12 Months Ended |
---|---|
Dec. 31, 2016 | |
Notes to Financial Statements | |
Basis of Presentation and Significant Accounting Policies [Text Block] | Note 1 - Summary of Significant Accounting Policies A. Nature of Business The Bryn Mawr Trust Company (the “Bank”) received its Pennsylvania banking charter in 1889 and is a member of the Federal Reserve System. In 1986, Bryn Mawr Bank Corporation (the “Corporation”) was formed and on January 2, 1987, the Bank became a wholly-owned subsidiary of the Corporation. The Bank and Corporation are headquartered in Bryn Mawr, Pennsylvania, located in the western suburbs of Philadelphia. The Corporation and its subsidiaries provide wealth management, commercial and community banking, residential mortgage lending, insurance and business banking services to its customers through 25 full service branches, eight limited-hour retirement community offices, one limited-service branch, five wealth offices and a full-service insurance agency located throughout Montgomery, Delaware, Chester, Dauphin and Philadelphia counties in Pennsylvania and New Castle county in Delaware. The common stock of the Corporation trades on the NASDAQ Stock Market (“NASDAQ”) under the symbol BMTC.On January 30, 2017, the Corporation entered into a definitive Agreement and Plan of Merger to acquire Royal Bancshares of Pennsylvania, Inc. (“RBPI”), parent company of Royal Bank America (“RBA”), in a transaction with an aggregate value of $127.7 million (the “Acquisition”). In connection with the Acquisition, RBPI will merge with and into the Corporation and RBA will merge with and into the Bank. The Acquisition, which is expected to add approximately $602 million in loans and $630 million in deposits (based on unaudited December 31, 2016 financial information), strengthens the Corporation’s position as the largest community bank in Philadelphia’s western suburbs and, based on deposits, ranks it as the eighth largest community bank headquartered in Pennsylvania. The Acquisition, which will expand the Corporation's distribution network by providing entry into the new markets of New Jersey and Berks County, Pennsylvania, and a new physical presence in Philadelphia County, Pennsylvania is expected to close during the third quarter of 2017. On April 1, 2015, the acquisition of Robert J. McAllister Agency, Inc. (“RJM”), an insurance brokerage headquartered in Rosemont, Pennsylvania, was completed. Consideration paid totaled $1.0 million, of which $500 thousand was paid at closing, $85 thousand of the first annual payment not to exceed $100 thousand was paid during the second quarter of 2016 and four remaining contingent cash payments, not to exceed $100 thousand each, will be payable on each of March 31, 2017, March 31, 2018, March 31, 2019, and March 31, 2020, subject to the attainment of certain revenue targets during the related periods. The acquisition enhanced the Corporation’s ability to offer comprehensive insurance solutions to both individual and business clients.On January 1, 2015, the merger of Continental Bank Holdings, Inc. (“CBH”) with and into the Corporation (the “CBH Merger”), and the merger of Continental Bank with and into the Bank, were completed. Consideration paid totaled $125.1 million, comprised of 3,878,383 shares (which included fractional shares paid in cash) of the Corporation’s common stock, the assumption of options to purchase Corporation common stock valued at $2.3 million and $1.3 million for the cash-out of certain warrants. The CBH Merger initially added $424.7 million of loans, $181.8 million of investments, $481.7 million of deposits and ten new branches. The acquisition of CBH enabled the Corporation to expand its footprint into a significant portion of Montgomery County, Pennsylvania.On October 1, 2014, the acquisition of Powers Craft Parker and Beard, Inc. (“PCPB”), an insurance brokerage headquartered in Rosemont, Pennsylvania, was completed. The consideration paid by the Corporation was $7.0 million, of which $5.4 million was paid at closing and the first two of three contingent payments, of $542 fourth quarters of 2015 and 2016. The remaining $542 thousand represents one contingent payment, not to exceed $542 thousand. The payment is subject to the attainment of certain revenue targets during the applicable period. The addition enabled the Corporation to offer a full range of insurance products to both individual and business clients.The Corporation operates in a highly competitive market area that includes local, national and regional banks as competitors along with savings banks, credit unions, insurance companies, trust companies, registered investment advisors and mutual fund families. The Corporation and its subsidiaries are regulated by many regulatory agencies including the Securities and Exchange Commission (“SEC”), Federal Deposit Insurance Corporation (“FDIC”), the Federal Reserve and the Pennsylvania Department of Banking. B. Basis of Presentation The accounting policies of the Corporation conform to U.S. generally accepted accounting principles (“GAAP”). The Consolidated Financial Statements include the accounts of the Corporation and its wholly owned subsidiaries. The Corporation’s consolidated financial condition and results of operations consist almost entirely of the Bank’s financial condition and results of operations. All inter-company transactions and balances have been eliminated. In preparing the Consolidated Financial Statements, the Corporation is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the dates of the balance sheets, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Although our current estimates contemplate current conditions and how we expect them to change in the future, it is reasonably possible that in 2017, actual conditions could be worse than anticipated in those estimates, which could materially affect our results of operations and financial condition. Amounts subject to significant estimates are items such as the allowance for loan and lease losses and lending related commitments, goodwill and intangible assets, pension and post-retirement obligations, the fair value of financial instruments and other-than-temporary impairments. Among other effects, such changes could result in future impairments of investment securities, goodwill and intangible assets and establishment of allowances for loan losses and lending-related commitments as well as increased pension and post-retirement expense.C. Cash and Cash Equivalents Cash and cash equivalents include cash, interest-bearing and non-interest bearing amounts due from banks, and federal funds sold. Cash balances required to meet regulatory reserve requirements of the Federal Reserve Board amounted to $10.4 million and $11.7 million at December 31, 2016 and December 31, 2015, respectively. D. Investment Securities Investment securities which are held for indefinite periods of time, which the Corporation intends to use as part of its asset/liability strategy, or which may be sold in response to changes in credit quality of the issuer, interest rates, changes in prepayment risk, increases in capital requirements, or other similar factors, are classified as available for sale and are carried at fair value. Net unrealized gains and losses for such securities, net of tax, are required to be recognized as a separate component of shareholders’ equity and excluded from determination of net income. Gains or losses on disposition are based on the net proceeds and cost of the securities sold, adjusted for the amortization of premiums and accretion of discounts, using the specific identification method. The Corporation follows ASC 370 -10 -65 -1 “Recognition and Presentation of Other-Than-Temporary Impairments” that provides guidance related to accounting for recognition of other-than-temporary impairment for debt securities and expands disclosure requirements for other-than-temporarily impaired debt and equity securities. Companies are required to record other-than-temporary impairment charges through earnings if they have the intent to sell, or will more likely than not be required to sell, an impaired debt security before a recovery of its amortized cost basis. In addition, companies are required to record other-than-temporary impairment charges through earnings for the amount of credit losses, regardless of the intent or requirement to sell. Credit loss is measured as the difference between the present value of an impaired debt security’s cash flows and its amortized cost basis. Non-credit-related write-downs to fair value must be recorded as decreases to accumulated other comprehensive income as long as the Corporation has no intent or it is more likely than not that the Corporation would not be required to sell an impaired security before a recovery of its amortized cost basis. The Corporation did not 2016, 2015 or 2014. Investments for which the Corporation has the intent and ability to hold until maturity are classified as held-to-maturity and are carried at their amortized cost on the balance sheet. No adjustment for market value fluctuations are recorded related to the held to maturity portfolio. Investment securities held in trading accounts consist solely of deferred compensation trust accounts which are invested in listed mutual funds whose diversification is at the discretion of the deferred compensation plan participants. Investment securities held in trading accounts are reported at fair value, with adjustments in fair value reported through income. E. Loans Held for Sale Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or fair value in the aggregate. Net unrealized temporary losses, if any, are recognized through a valuation allowance by charges to income. F. Portfolio Loans and Leases The Corporation originates construction, commercial and industrial, commercial mortgage, residential mortgage, home equity and consumer loans to customers primarily in southeastern Pennsylvania as well as small-ticket equipment leases to customers nationwide. Although the Corporation has a diversified loan and lease portfolio, its debtors’ ability to honor their contracts is substantially dependent upon the real estate and general economic conditions of the region. Loans and leases that the Corporation has the intention and ability to hold for the foreseeable future or until maturity or pay-off, generally are reported at their outstanding principal balance adjusted for charge-offs, the allowance for loan and lease losses and any deferred fees or costs on originated loans and leases. Interest income is accrued on the unpaid principal balance. Loan and lease origination fees and loan and lease origination costs are deferred and recognized as an adjustment to the related yield using the interest method. The accrual of interest on loans and leases is generally discontinued at the time the loan is 90 days delinquent unless the credit is well secured and in the process of collection. Loans and leases are placed on nonaccrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued, but not collected for loans that are placed on nonaccrual status or charged-off, is charged against interest income. All interest accrued, but not collected, on leases that are placed on nonaccrual status is not charged against interest income until the lease becomes 120 days delinquent, at which point it is charged off. The interest received on these nonaccrual loans and leases is applied to reduce the carrying value of loans and leases. Loans and leases are returned to accrual status when all the principal and interest amounts contractually due are brought current, remain current for at least six months and future payments are reasonably assured. Once a loan returns to accrual status, any interest payments collected during the nonaccrual period which had been applied to the principal balance are reversed and recognized as interest income over the remaining term of the loan.Certain loans which have reached maturity and have been approved for extension or renewal, but for which all required documents have not been fully executed as of the reporting date, are classified as Administratively Delinquent and are not considered to be delinquent. These loans are reported as current in all disclosures. Loans acquired in mergers are recorded at their fair values. The difference between the recorded fair value and the principal value is accreted to interest income over the contractual lives of the loans in accordance with ASC 310 -20. Certain acquired loans which were deemed to be credit impaired at acquisition are accounted for in accordance with ASC 310 -30, as discussed below, in subsection H of this footnote. G. Allowance for Loan and Lease Losses The allowance for loan and lease losses (the “Allowance”) is established through a provision for loan and lease losses (the “Provision”) charged as an expense. The principal balances of loans and leases are charged against the Allowance when the Corporation believes that the principal is uncollectible. The Allowance is maintained at a level that the Corporation believes is sufficient to absorb estimated potential credit losses. The Corporation’s determination of the adequacy of the Allowance is based on guidance provided in ASC 450 – Contingencies and ASC 310 - Receivables, and involves the periodic evaluations of the loan and lease portfolio and other relevant factors. However, this evaluation is inherently subjective as it requires significant estimates by the Corporation. Consideration is given to a variety of factors in establishing these estimates. Quantitative factors in the form of historical net charge-off rates by portfolio segment are considered. In connection with these quantitative factors, management establishes what it deems to be an adequate look-back period (“LBP”) for the charge-off history. As of December 31, 2016, the Corporation utilized a five -year LBP, which it believes adequately captures the trends in charge-offs. In addition, management develops an estimate of a loss emergence period (“LEP”) for each segment of the loan portfolio. The LEP estimates the time between the occurrence of a loss event for a borrower and an actual charge-off of a loan. As of December 31, 2016, the Corporation utilized a two -year LEP for its commercial loan segments and a one -year LEP for its consumer loan segments based on analyses of actual charge-offs tracked back in time to the triggering event for the eventual loss. In addition, various qualitative factors are considered, including the specific terms and conditions of loans, changes in underwriting standards, delinquency statistics, industry concentrations and overall exposure of a single customer. In addition, consideration is given to the adequacy of collateral, the dependence on collateral, and the results of internal loan reviews, including a borrower’s financial strengths, their expected cash flows, and their access to additional funds. As part of the process of calculating the Allowance for the different segments of the loan and lease portfolio, the Corporation considers certain credit quality indicators. For the commercial mortgage, construction and commercial and industrial loan segments, periodic reviews of the individual loans are performed by both in-house staff as well as external third -party loan review specialists. The result of these reviews is reflected in the risk grade assigned to each loan. For the consumer segments of the loan portfolio, the indicator of credit quality is reflected by the performance/non-performance status of a loan. The evaluation process also considers the impact of competition, current and expected economic conditions, national and international events, the regulatory and legislative environment and inherent risks in the loan and lease portfolio. All of these factors may be susceptible to significant change. To the extent actual outcomes differ from the Corporation’s estimates, an additional Provision may be required that might adversely affect the Corporation’s results of operations in future periods. In addition, various regulatory agencies, as an integral part of their examination processes, periodically review the adequacy of the Allowance. Such agencies may require the Corporation to record additions to the Allowance based on their judgment of information available to them at the time of their examination. H. Impaired Loans and Leases A loan or lease is considered impaired when, based on current information, it is probable that the Corporation will be unable to collect the contractually scheduled payments of principal or interest. When assessing impairment, the Corporation considers various factors, which include payment status, realizable value of collateral and the probability of collecting scheduled principal and interest payments when due. Loans and leases that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. The Corporation determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. For loans that indicate possible signs of impairment, which in most cases is based on the performance/non-performance status of the loan, an impairment analysis is conducted based on guidance provided by ASC 310 -10. Impairment is measured by (i) the fair value of the collateral, if the loan is collateral-dependent, (ii) the present value of expected future cash flows discounted at the loan’s contractual effective interest rate, or (iii), less frequently, the loan’s obtainable market price. In addition to originating loans, the Corporation occasionally acquires loans through mergers or loan purchase transactions. Some of these acquired loans may exhibit deteriorated credit quality that has occurred since origination and, as such, the Corporation may not expect to collect all contractual payments. Accounting for these purchased credit-impaired (“PCI”) loans is done in accordance with ASC 310 -30. The loans are recorded at fair value, reflecting the present value of the amounts expected to be collected. Income recognition on these loans is based on a reasonable expectation about the timing and amount of cash flows to be collected. Acquired loans deemed impaired and considered collateral-dependent, with the timing of the sale of loan collateral indeterminate, remain on nonaccrual status and have no accretable yield. On a regular basis, at least quarterly, an assessment is made on PCI loans to determine if there has been any improvement or deterioration of the expected cash flows. If there has been improvement, an adjustment is made to increase the recognition of interest on the PCI loan, as the estimate of expected loss on the loan is reduced. Conversely, if there is deterioration in the expected cash flows of a PCI loan, a Provision is recorded in connection with the loan.I. Troubled Debt Restructurings (“TDR”s) A TDR occurs when a creditor, for economic or legal reasons related to a borrower’s financial difficulties, modifies the original terms of a loan or lease or grants a concession to the borrower that it would not otherwise have granted. A concession may include an extension of repayment terms, a reduction in the interest rate or the forgiveness of principal and/or accrued interest. If the debtor is experiencing financial difficulty and the creditor has granted a concession, the Corporation will make the necessary disclosures related to the TDR. In certain cases, a modification or concession may be made in an effort to retain a customer who is not experiencing financial difficulty. This type of modification is not considered a TDR.J. Other Real Estate Owned (“OREO”) OREO consists of assets that the Corporation has acquired through foreclosure, by accepting a deed in lieu of foreclosure, or by taking possession of assets that were used as loan collateral. The Corporation reports OREO on the balance sheet as part of other assets, at the lower of cost or fair value less cost to sell, adjusted periodically based on current appraisals. Costs relating to the development or improvement of assets, as well as the costs required to obtain legal title to the property, are capitalized, while costs related to holding the property are charged to expense as incurred. K. Other Investments and E quity S tocks W ithout a R eadily D eterminable F air V alue Other investments include Community Reinvestment Act (“CRA”) investments and equity stocks without a readily determinable fair value. The Corporation’s investments in equity stocks include those issued by the Federal Home Loan Bank of Pittsburgh (“FHLB”), the Federal Reserve Bank (“FRB”) and Atlantic Central Bankers Bank. The Corporation is required to hold FHLB stock as a condition of its borrowing funds from the FHLB. As of December 31, 2016, the carrying value of the Corporation’s FHLB stock was $17.3 million. In addition, the Corporation is required to hold FRB stock based on the Corporation’s capital. As of December 31, 2016, the carrying value of the Corporation’s FRB stock was $6.9 million. Ownership of FHLB and FRB stock is restricted and there is no market for these securities. For further information on the FHLB stock, see Note 10 – “Short-Term Borrowings and Long-Term FHLB Advances”.L. Premises and Equipment Premises and equipment are stated at cost, less accumulated depreciation. Depreciation and predetermined rent are recorded using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized over the expected lease term or the estimated useful lives, whichever is shorter. M. Pension and Postretirement Benefit Plan As of December 31, 2016, the Corporation had two non-qualified defined-benefit supplemental executive retirement plans and a postretirement benefit plan as discussed in Note 16 – “Pension and Postretirement Benefit Plans”. Net pension expense related to the defined-benefit consists of service cost, interest cost, return on plan assets, amortization of prior service cost, amortization of transition obligations and amortization of net actuarial gains and losses. Prior to December 31, 2015, the Corporation had a qualified pension plan which was settled on December 31, 2015. As it relates to the costs associated with the post-retirement benefit plan, the costs are recognized as they are incurred. N. Bank Owned Life Insurance (“BOLI”) BOLI is recorded at its cash surrender value. Income from BOLI is tax-exempt and included as a component of non-interest income. O. Derivative Financial Instruments The Corporation recognizes all derivative financial instruments on its balance sheet at fair value. Derivatives that are not hedges must be adjusted to fair value through income. If a derivative has qualified as a hedge, depending on the nature of the hedge, changes in the fair value of the derivative are either offset against the change in fair value of the hedged assets, liabilities, or firm commitments through earnings, or recognized in other comprehensive income until the hedged item is recognized in earnings. The ineffective portion of a derivative’s change in fair value is recognized in earnings immediately. To determine fair value, the Corporation uses valuations obtained from a third party which utilizes a pricing model that incorporates assumptions about market conditions and risks that are current as of the reporting date. Management reviews, annually, the inputs utilized by its independent third -party valuation organization.The Corporation may use interest-rate swap agreements to modify the interest rate characteristics from variable to fixed or fixed to variable in order to reduce the impact of interest rate changes on future net interest income. If present, the Corporation accounts for its interest-rate swap contracts in cash flow hedging relationships by establishing and documenting the effectiveness of the instrument in offsetting the change in cash flows of assets or liabilities that are being hedged. To determine effectiveness, the Corporation performs an analysis to identify if changes in fair value or cash flow of the derivative correlate to the equivalent changes in the forecasted interest receipts or payments related to a specified hedged item. Recorded amounts related to interest-rate swaps are included in other assets or liabilities. The change in fair value of the ineffective part of the instrument would need to be charged to the Statement of Income, potentially causing material fluctuations in reported earnings in the period of the change relative to comparable periods. In a fair value hedge, the fair value of the interest rate swap agreements and changes in the fair value of the hedged items are recorded in the Corporation’s consolidated balance sheets with the corresponding gain or loss being recognized in current earnings. The difference between changes in the fair values of interest rate swap agreements and the hedged items represents hedge ineffectiveness and is recorded in net interest income in the Statement of Income. The Corporation performs an assessment, both at the inception of the hedge and quarterly thereafter, to determine whether these derivatives are highly effective in offsetting changes in the value of the hedged items. In December 2012, the Corporation entered into a $15 million forward-starting interest rate swap in order to hedge the cash flows of a $15 million floating-rate FHLB borrowing. On November 30, 2015, the start date of the swap, the Corporation elected to terminate the swap. P. Accounting for Stock-Based Compensation Stock-based compensation cost is measured at the grant date, based on the fair value of the award and is recognized as an expense over the vesting period. All share-based payments, including grants of stock options, restricted stock awards and performance-based stock awards, are recognized as compensation expense in the statement of income at their fair value. The fair value of stock option grants is determined using the Black-Scholes pricing model which considers the expected life of the options, the volatility of stock price, risk-free interest rate and annual dividend yield. The fair value of the restricted stock awards and performance-based awards whose performance is measured based on an internally produced metric is based on their closing price on the grant date, while the fair value of the performance-based stock awards which use an external measure, such as total stockholder return, is based on their grant-date fair value adjusted for the likelihood of attaining certain pre-determined performance goals and is calculated by utilizing a Monte Carlo Simulation model. Q. Earnings p er Common Share Basic earnings per common share excludes dilution and is computed by dividing income available to common shareholders by the weighted-average common shares outstanding during the period. Diluted earnings per common share takes into account the potential dilution that would occur if in-the-money stock options were exercised and converted into common shares and restricted stock awards and performance-based stock awards were vested. Proceeds assumed to have been received on options exercises are assumed to be used to purchase shares of the Corporation’s common stock at the average market price during the period, as required by the treasury stock method of accounting. The effects of stock options are excluded from the computation of diluted earnings per share in periods in which the effect would be antidilutive. R. Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Corporation recognizes the benefit of a tax position only after determining that the Corporation would more-likely-than-not sustain the position following an examination. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon settlement with the relevant tax authority. The Corporation applies these criteria to tax positions for which the statute of limitations remains open. S. Revenue Recognition With the exception of nonaccrual loans and leases, the Corporation recognizes all sources of income on the accrual method. Additional information relating to wealth management fee revenue recognition follows: The Corporation earns wealth management fee revenue from a variety of sources including fees from trust administration and other related fiduciary services, custody, investment management and advisory services, employee benefit account and IRA administration, estate settlement, tax service fees, shareholder service fees and brokerage. These fees are generally based on asset values and fluctuate with the market. Some revenue is not directly tied to asset value but is based on a flat fee for services provided. For many of our revenue sources, amounts are not received in the same accounting period in which they are earned. However, each source of wealth management fees is recorded on the accrual method of accounting. The most significant portion of the Corporation’s wealth management fees is derived from trust administration and other related services, custody, investment management and advisory services, and employee benefit account and IRA administration. These fees are generally billed monthly, in arrears, based on the market value of assets at the end of the previous billing period. A smaller number of customers are billed in a similar manner, but on a quarterly or annual basis and some revenues are not based on market values. The balance of the Corporation’s wealth management fees includes estate settlement fees and tax service fees, which are recorded when the related service is performed and asset management and brokerage fees on non-depository investment products, which are received one month in arrears, based on settled transactions, but are accrued in the month the settlement occurs.Included in other assets on the balance sheet is a receivable for wealth management fees that have been earned but not yet collected. Insurance revenue is primarily related to commissions earned on insurance policies and is recognized over the related policy coverage period. T. Mortgage Servicing A portion of the residential mortgage loans originated by the Corporation is sold to third parties; however the Corporation often retains the servicing rights related to these loans. A fee, usually based on a percentage of the outstanding principal balance of the loan, is received in return for these services. Gains on the sale of these loans are based on the specific identification method.An intangible asset, referred to as mortgage servicing rights (“MSR”s) is recognized when a loan’s servicing rights are retained upon sale of a loan. These MSRs amortize to non-interest expense in proportion to, and over the period of, the estimated future net servicing life of the underlying loans. MSRs are evaluated quarterly for impairment based upon the fair value of the rights as compared to their amortized cost. Impairment is determined by stratifying the MSRs by predominant characteristics, such as interest rate and terms. Fair value is determined based upon discounted cash flows using market-based assumptions. Impairment is recognized on the income statement to the extent the fair value is less than the capitalized amount for the stratum. A valuation allowance is utilized to record temporary impairment in MSRs. Temporary impairment is defined as impairment that is not deemed permanent. Permanent impairment is recorded as a reduction of the MSR and is not reversed. U. Statement of Cash Flows The Corporation’s statement of cash flows details operating, investing and financing activities during the reported periods. V. Goodwill and Intangible Assets The Corporation accounts for goodwill and other intangible assets in accordance with ASC 350, “Intangibles – Goodwill and Other.” The goodwill and intangible assets as of December 31, 2016, other than MSRs in Note 1 -T above, are related to the acquisitions of Lau Associates, The Private Wealth Management Group of the Hershey Trust Company (“PWMG”), Davidson Trust Company (“DTC”), PCPB and RJM which are components of the Wealth Management segment, and First Keystone Financial, Inc. (“FKF”), First Bank of Delaware (“FBD”) and CBH, which are components of the Banking segment. The amount of goodwill initially recorded is based on the fair value of the acquired entity at the time of acquisition. Goodwill impairment tests are performed annually, as of October 31, or when events occur or circumstances change that would more likely than not reduce the fair value of the acquisition or investment. Prior to October 31, 2016, the Corporation had performed the goodwill impairment testing as of December 31. During 2016, the Corporation made a voluntary change in the method of applying an accounting principle related to the timing of the annual goodwill impairment assessment from December 31st to October 31st. Management made this decision based on the time intensive nature of the goodwill impairment assessment. Management does not consider this change in impairment testing date to be a material change in application of an accounting principle. Goodwill impairment is tested on a reporting unit level. The Corporation currently has three reporting units: Banking, Wealth Management and Insurance. As of December 31, 2016, the Insurance reporting unit did not meet the quantitative thresholds for separate disclosure as an operating segment and is therefore reported as a component of the Wealth Management segment, based on its internal reporting structure. While the Insurance reporting unit did not meet the threshold for reporting as a separate operating segment, for goodwill and intangible testing, the Insurance segment was tested for impairment. An operating segment is a component of an enterprise that engages in business activities from which it may earn revenues and incur expenses, whose operating results are regularly reviewed by the enterprise’s chief operating decision makers to make decisions about resources to be allocated to the segment and assess its performance, and for which discrete financial information is availableThe Corporation’s impairment testing methodology is consistent with the methodology prescribed in ASC 350. Other intangible assets include core deposit intangibles, which were acquired in the FKF merger, the FBD transaction, and the CBH Merger, customer relationships, trade name and non-competition agreements acquired in connection with the acquisitions of DTC, PWMG, Lau Associates, PCPB and RJM. The customer relationships, non-competition agreement and core deposit intangibles are amortized over the estimated useful lives of the assets. The trade name intangibles have indefinite lives and are evaluated for impairment annually. W. Reclassifications Certain prior year amounts have been reclassified to conform to the current year’s presentation. X. Recent Accounting Pronouncements The following recent accounting pronouncements are divided into pronouncements which have been adopted by the Corporation and those which are not yet effective and have been evaluated or are currently being evaluated by the Corporation as of December 31, 2016. Adopted Pronouncements: FASB ASU 2014 -15 , “ Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern ” Issued on August 15, 2014, ASU 2014 -15 describes how an entity should assess its ability to meet obligations and sets disclosure requirements for how this information should be disclosed in the financial statements. The standard provides accounting guidance that will be used with existing auditing standards. The new standard applies to all entities for the first annual period ending after December 15, 2016, and interim periods thereafter. As of December 31, 2016, the adoption of FASB ASU 2014 -15 has not had an impact on our consolidated financial statements.FASB ASU 2016 -09 (Topic 718), “Improvements to Employee Share-Based Payment Accounting”In March 2016, the FASB issued ASU No. 2016 -09, which changes several aspects of the accounting for share-based payment award transactions, including: (1) Accounting and Cash Flow Classification for Excess Tax Benefits and Deficiencies, (2) Forfeitures, and (3) Tax Withholding Requirements and Cash Flow Classification. The standard is effective for public business entities in annual and interim periods in fiscal years beginning after December 15, 2016. Early adoption is permitted if the entire standard is adopted. If an entity early adopts the standard in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The Corporation early-adopted ASU 2016 -09 during the three months ended September 30, 2016. As a result of the adoption, the Corporation recognized a $565 thousand tax benefit in the Consolidated Statements of Income for the twelve months ended December 31, 2016. The impact of the income tax benefit or expense related to ASU 2016 -09 is treated as a discrete item in the calculation of the year-to-date income tax expense. Also, in accordance with the provisions of ASU 2016 -09, the Corporation presents excess tax benefits as an operating activity in the Consolidated Statement of Cash Flows using a retrospective transition method. Adoption of all other changes did not have an impact on our consolidated financial statements. Pronouncements Not Yet Effective : FASB ASU No. 2014 -0 9 (Topic 606), “ Revenue from Contracts with Customers ” Issued in May 2014, ASU 2014 -09 will require an entity to recognize revenue when it transfers promised goods or services to customers using a five -step model that requires entities to exercise judgment when considering the terms of the contracts. In August 2015, the FASB issued ASU No. 2015 -14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date. This amendment defers the effective date of ASU 2014 -09 by one year. In March 2016, the FASB issued ASU 2016 - 08, “Principal versus Agent Considerations (Reporting Gross versus Net),” which amends the principal versus agent guidance and clarifies that the analysis must focus on whether the entity has control of the goods or services before they are transferred to the customer. In addition, the FASB issued ASU Nos. 2016 -20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers and 2016 -12, Narrow-Scope Improvements and Practical Expedients, both of which provide additional clarification of certain provisions in Topic 606. These Accounting Standards Codification (“ASC”) updates are effective for annual reporting periods beginning after December 15, 2017, but early adoption is permitted. Early adoption is permitted only as of annual reporting periods after December 15, 2016. The standard permits the use of either the retrospective or retrospectively with the cumulative effect transition method. The Corporation is currently in the process of evaluating all revenue streams, accounting policies, practices and reporting to identify and understand any impact on the Corporation’s Consolidated Financial Statements. Our preliminary evaluation suggests that adoption of this guidance is not expected to have a material effect on our Consolidated Financial Statements. FASB ASU 2017 -04 (Topic 350), “Intangibles – Goodwill and Others”Issued in January 2017, ASU 2017 -04 simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. ASU 2017 -04 is effective for annual periods beginning after December 15, 2019 including interim periods within those periods. The Corporation is evaluating the effect that ASU 2017 -04 will have on its consolidated financial statements and related disclosures.FASB ASU 2017 -01 (Topic 805), “Business Combinations”Issued in January 2017, ASU 2017 -01 clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The definition of a business affects many areas of accounting including acquisitions, disposals, goodwill, and consolidation. ASU 2017 -01 is effective for annual periods beginning after December 15, 2017 including interim periods within those periods. The Corporation is evaluating the effect that ASU 2017 -01 will have on its consolidated financial statements and related disclosures.FASB ASU 2016 -1 5 (Topic 32 0 ), “ Classification of Certain Cash Receipts and Cash Payments ” Issued in August 2016, ASU 2016 -15 provides guidance on eight specific cash flow issues and their disclosure in the consolidated statements of cash flows. The issues addressed include debt prepayment, settlement of zero -coupon debt, contingent consideration in business combinations, proceeds from settlement of insurance claims, proceeds from settlement of BOLI, distributions received from equity method investees, beneficial interests in securitization transactions, and separately identifiable cash flows and application of the Predominance principle. 2016 -15 is effective for the annual and interim periods in fiscal years beginning after December 15, 2017, with early adoption permitted. The Corporation is currently evaluating the impact of this guidance and does not anticipate a material impact on its consolidated financial statements.FASB ASU 2016 -13 (Topic 326), “Measurement of Credit Losses on Financial Instruments”Issued in June 2016, ASU 2016 -13 significantly changes how companies measure and recognize credit impairment for many financial assets. The new current expected credit loss model will require companies to immediately recognize an estimate of credit losses expected to occur over the remaining life of the financial assets that are in the scope of the standard. The ASU also makes targeted amendments to the current impairment model for available-for-sale debt securities. ASU 2016 -13 is effective for the annual and interim periods in fiscal years beginning after December 15, 2018, with early adoption permitted. The Corporation is evaluating the effect that ASU 2016 -02 will have on its consolidated financial statements and related disclosures.FASB ASU 2016 -02 (Topic 842), “Leases”Issued in February 2016, ASU 2016 -02 revises the accounting related to lessee accounting. Under the new guidance, lessees will be required to recognize a lease liability and a right-of-use asset for all leases. The new lease guidance also simplifies the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. ASU 2016 -02 is effective for the first interim period within annual periods beginning after December 15, 2018, with early adoption permitted. The standard is required to be adopted using the modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The Corporation is evaluating the effect that ASU 2016 -02 will have on its consolidated financial statements and related disclosures.FASB ASU 2016 -01 (Subtopic 825 -10), “Financial Instruments – Overall, Recognition and Measurement of Financial Assets and Financial Liabilities”Issued in January 2016, ASU 2016 -01 provides that equity investments will be measured at fair value with changes in fair value recognized in net income. When fair value is not readily determinable an entity may elect to measure the equity investment at cost, minus impairment, plus or minus any change in the investment’s observable price. For financial liabilities that are measured at fair value, the amendment requires an entity to present separately, in other comprehensive income, any change in fair value resulting from a change in instrument-specific credit risk. ASU 2016 -01 will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. Entities may apply this guidance on a prospective or retrospective basis. The Corporation is evaluating the effect that ASU 2016 -02 will have on its consolidated financial statements and related disclosures. |
Note 2 - Business Combinations |
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Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Combination Disclosure [Text Block] | Note 2 - Business Combinations Robert J. McAllister Agency, Inc. The acquisition of RJM, an insurance brokerage headquartered in Rosemont, Pennsylvania, was completed on April 1, 2015. The consideration paid totaled $1.0 million, of which $500 thousand was paid at closing, $85 thousand of the first annual payment not to exceed $100 thousand was paid during the second quarter of 2016 and four remaining contingent cash payments, not to exceed $100 thousand each, will be payable on each of March 31, 2017, March 31, 2018, March 31, 2019, and March 31, 2020, subject to the attainment of certain revenue targets during the related periods. The $15 thousand difference between the first maximum payment of $100 thousand and the $85 thousand that was actually paid was recognized as other non-interest income. The acquisition will enhance the Corporation’s ability to offer comprehensive insurance solutions to both individual and business clients.In connection with the RJM acquisition, the following table details the consideration paid, the initial estimated fair value of identifiable assets acquired and liabilities assumed as of the date of acquisition and subsequent adjustments, during the measurement period, to the fair value of the assets acquired, liabilities assumed and the resulting goodwill recorded :
An adjustment was made which eliminated the value initially placed on the trade name (and its associated deferred tax liability), as the entity was immediately merged into PCPB. As of December 31, 2015, the estimates of fair values of the assets acquired and liabilities assumed in the acquisition of RJM were finalized.Continental Bank Holdings, Inc. On January 1, 2015, the previously announced merger of CBH with and into the Corporation, and the merger of Continental Bank with and into the Bank, as contemplated by the Agreement and Plan of Merger, by and between CBH and the Corporation, dated as of May 5, 2014 (as amended by the Amendment to Agreement and Plan of Merger, dated as of October 23, 2014, the “Agreement”), were completed. In accordance with the Agreement, the aggregate share consideration paid to CBH shareholders consisted of 3,878,383 shares (which included fractional shares paid in cash) of the Corporation’s common stock. Shareholders of CBH received 0.45 shares of Corporation common stock for each share of CBH common stock they owned as of the effective date of the CBH Merger. Holders of options to purchase shares of CBH common stock received options to purchase shares of Corporation common stock, converted at the same ratio of 0.45. In addition, $1.3 million was paid to certain warrant holders to cash-out certain warrants. In accordance with the acquisition method of accounting, assets acquired and liabilities assumed were preliminarily adjusted to their fair values as of the date of the CBH Merger. The excess of consideration paid above the fair value of net assets acquired was recorded as goodwill. This goodwill is not amortizable nor is it deductible for income tax purposes.In connection with the CBH Merger, the following table details the consideration paid, the initial estimated fair value of identifiable assets acquired and liabilities assumed as of the date of acquisition and the subsequent adjustments, during the measurement period, to the fair value of the assets acquired, liabilities assumed and the resulting goodwill recorded :
*includes $507 thousand of loans held for sale For the twelve months ended December 31, 2015, adjustments to the fair value of the assets acquired and liabilities assumed were related to circumstances that existed prior to the CBH Merger date, but that were not known to the Corporation. The adjustments included reductions in the fair value of certain loans, unrecorded liabilities of CBH, and an immaterial adjustment to the calculation of a favorable lease asset, which reduced its value, along with the associated deferred tax items.As of December 31, 2015, the estimates of fair values of the assets acquired and liabilities assumed in the CBH Merger were finalized. Powers Craft Parker and Beard, Inc. The acquisition of PCPB, an insurance brokerage headquartered in Rosemont, Pennsylvania, was completed on October 1, 2014. The consideration paid by the Corporation was $7.0 million, of which $5.4 million was paid at closing and the first of three contingent payments, of $542 thousand, was paid during the fourth quarter of 2015. The remaining $1.1 million consists of two contingent payments, with each payment not to exceed $542 thousand. Each payment is subject to the attainment of certain revenue targets during the applicable periods. The measurement periods for the two remaining contingent payments are the twelve month periods ending September 30, 2016 and 2017. The acquisition of PCPB has enabled the Corporation to offer a comprehensive line of insurance solutions to both individual and business clients.In connection with the PCPB acquisition, the consideration paid and the fair value of identifiable assets acquired and liabilities assumed as of the date of acquisition are summarized in the following table:
As of December 31, 2014, the Corporation had finalized its fair value estimates related to the acquisition of PCPB.Pro Forma Income Statements (unaudited) The following pro forma income statements for the twelve months ended December 31, 2014, 2015 and 2016 present the pro forma results of operations of the combined institution (CBH and the Corporation) as if the merger occurred on January 1, 2014, January 1, 2015 and January 1, 2016, respectively. The pro forma income statement adjustments are limited to the effects of fair value mark amortization and accretion and intangible asset amortization. No cost savings or additional merger expenses have been included in the pro forma results of operations for the twelve month period ended December 31, 2014. Due to the immaterial contribution to net income of the PCPB and RJM acquisitions, which occurred during the three year period shown in the table, the pro forma effects of the PCPC acquisition and the RJM acquisition are excluded.
* Assumes that the shares of CBH common stock outstanding as of December 31, 2014 were outstanding for the full twelve month periods ended December 31 , 201 3 and 2014, and therefore equal the weighted average shares of common stock outstanding for the twelve months periods ended December 31 , 2013 and 2014. The merger conversion of 8,618,629 shares of CBH common stock equals 3,878,304 shares of Corporation common stock (8,618,629 times 0.45 , minus 79 fractional shares paid in cash).Due Diligence, Merger-Related and Merger Integration Expenses Due diligence, merger-related and merger integration expenses include consultant costs, investment banker fees, contract breakage fees, retention bonuses for severed employees, salary and wages for redundant staffing involved in the integration of the institutions and bonus accruals for members of the merger integration team. The following table details the costs identified and classified as due diligence, merger-related and merger integration costs for the periods indicated:
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Note 3 - Goodwill and Other Intangible Assets |
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Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Text Block] | Note 3 - Goodwill & Other Intangible Assets The Corporation completed an annual impairment test for goodwill and other intangibles as of December 31, 2015 and October 31, 2016. During 2016, the Corporation made a voluntary change in the method of applying an accounting principle related to the timing of the annual goodwill impairment assessment from December 31st to October 31st. Management made this decision based on the time intensive nature of the goodwill impairment assessment. Management does not consider this change in impairment testing date to be a material change in application of an accounting principle. Future impairment testing will be conducted each October 31, unless a triggering event occurs in the interim that would suggest possible impairment, in which case it would be tested as of the date of the triggering event. There was no no 2015 or 2016. There can be no assurance that future impairment assessments or tests will not result in a charge to earnings. The Corporation’s goodwill and intangible assets related to the acquisitions of Lau Associates in July 2008, FKF in July 2010, PWMG in May 2011, DTC in May 2012, FBD in November 2012, PCPB in October 2014, CBH in January 2015 and RJM in April 2015 for the years ended December 31, 2016 and 2015 are as follows:
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Note 4 - Investment Securities |
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Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 4 - Investment Securities The amortized cost and fair value of investments, which were classified as available for sale , are as follows:As of December 31, 2016
As of December 31, 2015
The following table shows the amount of available for sale investment securities that were in an unrealized loss position at December 31, 2016:
The following table shows the amount of available for sale investment securities that were in an unrealized loss position at December 31, 2015:
Management evaluates the Corporation’s investment securities that are in an unrealized loss position in order to determine if the decline in fair value is other than temporary. The investment portfolio includes debt securities issued by U.S. government agencies, U.S. government-sponsored agencies, state and local municipalities and other issuers. All fixed income investment securities in the Corporation’s investment portfolio are rated as investment-grade or higher. Factors considered in the evaluation include the current economic climate, the length of time and the extent to which the fair value has been below cost, interest rates and the bond rating of each security. The unrealized losses presented in the tables above are temporary in nature and are primarily related to market interest rates rather than the underlying credit quality of the issuers or collateral. Management does not believe that these unrealized losses are other-than-temporary. The Corporation does not have the intent to sell these securities prior to their maturity or the recovery of their cost bases and believes that it is more likely, than not, that it will not have to sell these securities prior to their maturity or the recovery of their cost bases. At December 31, 2016, securities having a fair value of $119.4 million were specifically pledged as collateral for public funds, trust deposits, the FRB discount window program, FHLB borrowings and other purposes. The FHLB has a blanket lien on non-pledged, mortgage-related loans and securities as part of the Corporation’s borrowing agreement with the FHLB.The amortized cost and fair value of available for sale investment and mortgage-related securities available for sale as of December 31, 2016 and 2015, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities as borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
*Included in the investment portfolio, but not in the table above, are mutual funds with a n amortized cost and fair value, as of December 31, 2016 , of $15.3 million and $1 5.2 million, respectively, which have no stated maturity.
* Included in the investment portfolio, but not in the table above, are mutual funds with a n amortized cost and fair value, as of December 31, 2015 , of $15.6 million and $1 5.2 million, respectively, which have no stated maturity. Proceeds from the sale of available for sale investment securities totaled $276 thousand, $64.9 million and $24.4 million for the twelve months ended December 31, 2016, 2015 and 2014, respectively. Net loss on sale of available for sale investment securities for the twelve months ended December 31, 2016 totaled $77 thousand. Net gain on sale of available for sale investment securities for the twelve months ended December 31, 2015 and 2014 totaled $931 thousand and $471 thousand, respectively. The amortized cost and fair value of investment securities held to maturity as of December 31, 2016 are as follows:As of Dec ember 3 1 , 2016
The following table shows the amount of held to maturity securities that were in an unrealized loss position at December 31, 2015:
The amortized cost and fair value of held to maturity investment securities as of December 31, 2016, by contractual maturity, are shown below:
1 Expected maturities of mortgage-related securities may differ from contractual maturities as borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. As of December 31, 2015, there were no investments held to maturity .As of December 31, 2016 and December 31, 2015, the Corporation’s investment securities held in trading accounts totaled $3.9 million and $4.0 million, respectively, and consist solely of deferred compensation trust accounts which are invested in listed mutual funds whose diversification is at the discretion of the deferred compensation plan participants. Investment securities held in trading accounts are reported at fair value, with adjustments in fair value reported through income. |
Note 5 - Loans and Leases |
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Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 5 - Loans and Leases The loan and lease portfolio consists of loans and leases originated by the Corporation, as well as loans acquired in mergers and acquisitions. These mergers and acquisitions include the January 2015 acquisition of CBH, the November 2012 transaction with First Bank of Delaware and the July 2010 acquisition of First Keystone Financial, Inc. Many of the tables in this footnote are presented for all loans as well as supplemental tables for originated and acquired loans. A. The table below details all portfolio loans and leases as of the dates indicated:
originated portfolio loans and leases as of the dates indicated:
acquired portfolio loans as of the dates indicated:
B. Components of the net investment in leases are detailed as follows:
C. Non-Performing Loans and Leases (1) The following table details all non-performing portfolio loans and leases as of the dates indicated:
The following table details non-performing originated portfolio loans and leases as of the dates indicated:
The following table details non-performing acquired portfolio loans(1)
D. Purchased Credit-Impaired Loans The outstanding principal balance and related carrying amount of credit-impaired loans, for which the Corporation applies ASC 310 -30, Accounting for Purchased Loans with Deteriorated Credit Quality , to account for the interest earned, as of the dates indicated, are as follows:
The following table presents changes in the accretable discount on purchased credit-impaired loans, for which the Corporation applies ASC 310 -30, for the twelve months ended December 31, 2016:
E. Age Analysis of Past Due Loans and Leases The following tables present an aging of all portfolio loans and leases as of the dates indicated:
*included as “current” are $15.3 million and $10.5 million of loans and leases as of December 31, 2016 and 2015, respectively, which are classified as Administratively Delinquent. An Administratively Delinquent loan is one which has been approved for a renewal or extension but has not had all the required documents fully executed as of the reporting date. The Corporation does not consider these loans to be delinquent.The following tables present an aging of originated portfolio loans and leases as of the dates indicated:
*included as “current” are $13.5 million and $10.1 million of loans and leases as of December 31, 2016 and 2015, respectively, which are classified as Administratively Delinquent. An Administratively Delinquent loan is one which has been approved for a renewal or extension but has not had all the required documents fully executed as of the reporting date. The Corporation does not consider these loans to be delinquent.The following tables present an aging of acquire d portfolio loans and leases as of the dates indicated:
*included as “current” are $1.8 million and $418 thousand of loans and leases as of December 31, 2016 and 2015, respectively, which are classified as Administratively Delinquent. An Administratively Delinquent loan is one which has been approved for a renewal or extension but has not had all the required documents fully executed as of the reporting date. The Corporation does not consider these loans to be delinquent.F. Allowance for Loan and Lease Losses (the “Allowance”) The following tables detail the roll-forward of the Allowance for the twelve months ended December 31, 2016:
The following table details the roll-forward of the Allowance for the twelve months ended December 31, 2015:
The following table details the allocation of the Allowance for all portfolio loans and leases by portfolio segment based on the methodology used to evaluate the loans and leases for impairment as of December 31, 2016 and December 31, 2015:
The following table details the carrying value for all portfolio loans and leases by portfolio segment based on the methodology used to evaluate the loans and leases for impairment as of December 31, 2016 and December 31, 2015:
The following table details the allocation of the Allowance for originated portfolio loans and leases by portfolio segment based on the methodology used to evaluate the loans and leases for impairment as of December 31, 2016 and December 31, 2015:
The following table details the carrying value for originated portfolio loans and leases by portfolio segment based on the methodology used to evaluate the loans and leases for impairment as of December 31, 2016 and December 31, 2015:
The following table details the allocation of the Allowance for acquired portfolio loans and leases by portfolio segment based on the methodology used to evaluate the loans and leases for impairment as of December 31, 2016 and December 31, 2015:
The following table details the carrying value for acquired portfolio loans and leases by portfolio segment based on the methodology used to evaluate the loans and leases for impairment as of December 31, 2016 and December 31, 2015:
(1) Purchased credit-impaired loans are evaluated for impairment on an individual basis. As part of the process of determining the Allowance for the different segments of the loan and lease portfolio, Management considers certain credit quality indicators. For the commercial mortgage, construction and commercial and industrial loan segments, periodic reviews of the individual loans are performed by both in-house staff as well as external loan reviewers. The result of these reviews is reflected in the risk grade assigned to each loan. These internally assigned grades are as follows:
In addition, for the remaining segments of the loan and lease portfolio, which include residential mortgage, home equity lines and loans, consumer, and leases, the credit quality indicator used to determine this component of the Allowance is based on performance status. The following tables detail the carrying value of all portfolio loans and leases by portfolio segment based on the credit quality indicators used to determine the Allowance as of December 31, 2016 and December 31, 2015:
The following tables detail the carrying value of originated portfolio loans and leases by portfolio segment based on the credit quality indicators used to determine the Allowance as of December 31, 2016 and December 31, 2015:
The following tables detail the carrying value of acquired portfolio loans and leases by portfolio segment based on the credit quality indicators used to determine the Allowance as of December 31, 2016 and December 31, 2015:
G. Troubl ed Debt Restructurings (“TDRs”) The restructuring of a loan is considered a “troubled debt restructuring” if both of the following conditions are met: (i) the borrower is experiencing financial difficulties, and (ii) the creditor has granted a concession. The most common concessions granted include one or more modifications to the terms of the debt, such as (a) a reduction in the interest rate for the remaining life of the debt, (b) an extension of the maturity date at an interest rate lower than the current market rate for new debt with similar risk, (c) a temporary period of interest-only payments, (d) a reduction in the contractual payment amount for either a short period or remaining term of the loan, and (e) for leases, a reduced lease payment. A less common concession granted is the forgiveness of a portion of the principal. The determination of whether a borrower is experiencing financial difficulties takes into account not only the current financial condition of the borrower, but also the potential financial condition of the borrower, were a concession not granted. Similarly, the determination of whether a concession has been granted is very subjective in nature. For example, simply extending the term of a loan at its original interest rate or even at a higher interest rate could be interpreted as a concession unless the borrower could readily obtain similar credit terms from a different lender. The following table presents the balance of TDRs as of the indicated dates:
The following table presents information regarding loan and lease modifications categorized as TDRs for the twelve months ended December 31, 2016:
The following table presents information regarding the types of loan and lease modifications made for the twelve months ended December 31, 2016:
The following table presents information regarding loan and lease modifications categorized as TDRs for the twelve months ended December 31, 2015:
The following table presents information regarding the types of loan and lease modifications made for the twelve months ended December 31, 2015:
During the twelve months ended December 31, 2016, there were no defaults of loans that had received troubled debt restructurings in 2015. H. Impaired Loans The following tables detail the recorded investment and principal balance of impaired loans by portfolio segment, their related allowance for loan and lease losses and interest income recognized for the twelve months ended December 31, 2016, 2015 and 2014 (purchased credit-impaired loans are not included in the tables):
* The table above does not include the recorded investment of $24 0 thousand of impaired leases without a related allowance for loan and lease losses. **Recorded investment equals principal balance less partial charge-offs and interest payments on non-performing loans that have been applied to principal.
* The table above does not include the recorded investment of $7 7 thousand of impaired leases without a related allowance for loan and lease losses. **Recorded investment equals principal balance less partial charge-offs and interest payments on non-performing loans that have been applied to principal.
* The table above does not include the recorded investment of $ 32 thousand of impaired leases without a related allowance for loan and lease losses. **Recorded investment equals principal balance less partial charge-offs and interest payments on non-performing loans that have been applied to principal. I. Loan Mark Loans acquired in mergers and acquisitions are recorded at fair value as of the date of the transaction. This adjustment to the acquired principal amount is referred to as the “Loan Mark”. With the exception of purchased credit impaired loans, for which the Loan Mark is accounted under ASC 310 -30, the Loan Mark is amortized or accreted as an adjustment to yield over the lives of the loans. The following tables detail, for acquired loans , the outstanding principal, remaining loan mark, and recorded investment, by portfolio segment, as of the dates indicated:
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Note 6 - Other Real Estate Owned |
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Real Estate Owned [Text Block] | Note 6 - Other Real Estate OwnedOther real estate owned consists of properties acquired as a result of foreclosures or deeds in-lieu-of foreclosure. Properties or other assets are classified as OREO and are reported at the lower of carrying value or fair value, less estimated costs to sell. Costs relating to the development or improvement of assets are capitalized, and costs relating to holding the property are charged to expense. As of December 31, 2016 the balance of OREO is comprised of seven single-family residential properties.The summary of the change in other real estate owned, which is included as a component of other assets on the Corporation's Consolidated Balance Sheets, is as follows:
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Note 7 - Premises and Equipment |
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Property, Plant and Equipment Disclosure [Text Block] | Note 7 - Premises and EquipmentA. A summary of premises and equipment is as follows:
Depreciation and amortization expense related to the assets detailed in the above table for the years ended December 31, 2016, 2015, and 2014 amounted to $5.8 million, $5.1 million, and $3.6 million, respectively.B. Future minimum cash rent commitments under various operating leases as of December 31, 201 6 are as follows:
Rent expense on leased premises and equipment for the years ended December 31, 2016, 2015 and 2014 amounted to $4.6 million, $5.1 million, and $3.3 million, respectively. |
Note 8 - Mortgage Servicing Rights ("MSR"s) |
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Transfers and Servicing of Financial Assets [Text Block] | Note 8 - Mortgage Servicing Rights (“MSR”s)A. The following summarizes the Corporation’s activity related to MSRs for the years ended December 31:
B. The following summarizes the Corporation’s activity related to changes in the impairment valuation allowance of MSRs for the years ended December 31:
C. Other MSR Information – At December 31, 2016, key economic assumptions and the sensitivity of the current fair value of MSRs to immediate 10 and 20 percent adverse changes in those assumptions are as follows:
At December 31, 2016, 2015 and 2014, the fair value of the MSRs was $6.2 million, $5.7 million, and $5.5 million, respectively. The fair value of the MSRs for these dates was determined using values obtained from a third party which utilizes a valuation model which calculates the present value of estimated future servicing income. The model incorporates assumptions that market participants use in estimating future net servicing income, including estimates of prepayment speeds and discount rates. Mortgage loan prepayment speed is the annual rate at which borrowers are forecasted to repay their mortgage loan principal and is based on historical experience. The discount rate is used to determine the present value of future net servicing income. Another key assumption in the model is the required rate of return the market would expect for an asset with similar risk. These assumptions can, and generally will, change quarterly valuations as market conditions and interest rates change. Management reviews, annually, the process utilized by its independent third -party valuation experts.These assumptions and sensitivities are hypothetical and should be used with caution. As the figures indicate, changes in fair value based on a 10% variation in assumptions generally cannot be extrapolated because the relationship of the change in assumptions to the change in fair value may not be linear. Also, the effect of a variation in a particular assumption on the fair value of the MSRs is calculated without changing any other assumption. In reality, changes in one factor may result in changes in another, which could magnify or counteract the sensitivities. |
Note 9 - Deposits |
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Deposit Liabilities Disclosures [Text Block] | Note 9 - Deposits A. The following table details the components of deposits:
The aggregate amount of deposit and mortgage escrow overdrafts included as loans as of December 31, 2016 and 2015 were $818 thousand and $840 thousand, respectively.B. The following tables detail the maturities of retail time deposits:
C. The following tables detail the maturities of wholesale time deposits:
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Note 10 - Short-term Borrowings and Long-term FHLB Advances |
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Federal Home Loan Bank Advances, Disclosure [Text Block] | Note 10 - Short-Term Borrowings and Long-Term FHLB Advances A. Short-term borrowings – As of December 31, 2016 and 2015, the Corporation had $204.2 million and $94.2 million of short-term borrowings (original maturity of one year or less), respectively, which consisted of funds obtained from overnight repurchase agreements with commercial customers, an overnight repurchase agreement with a correspondent bank, short-term FHLB advances and overnight federal funds.A summary of short-term borrowings is as follows:
* overnight repurchase agreements with no expiration date The following table sets forth information concerning short-term borrowings:
Average balances outstanding during the year represent daily average balances and average interest rates represent interest expense divided by the related average balance. B. Long-term FHLB Advances: As of December 31, 2016 and 2015, the Corporation had $189.7 million and $254.9 million, respectively, of long-term FHLB advances (original maturities exceeding one year).The following table presents the remaining periods until maturity of the long-term FHLB advances:
The following table presents rate and maturity information on FHLB advances and other borrowings:
*Maturity range and interest rates refers to December 31, 2016 balances **Loans from correspondent banks other than FHLB Included in the table above as of December 31, 2016 and 2015 are $21.1 million and $21.3 million, respectively, of long-term FHLB advances whereby the FHLB has the option, at predetermined times, to convert the fixed interest rate to an adjustable interest rate indexed to the London Interbank Offered Rate (“LIBOR”). The Corporation has the option to prepay these advances, without penalty, if the FHLB elects to convert the interest rate to an adjustable rate. As of December 31, 2016, substantially all the FHLB advances with this convertible feature are subject to conversion in fiscal 2017. These advances are included in the periods in which they mature, rather than the period in which they are subject to conversion.C. Other Information –In connection with its FHLB borrowings, the Corporation is required to hold the capital stock of the FHLB. The amount of capital stock held was $17.3 million at December 31, 2016, and $12.9 million at December 31, 2015. The carrying amount of the FHLB stock approximates its redemption value. The level of required investment in FHLB stock is based on the balance of outstanding loans the Corporation has from the FHLB. Although FHLB stock is a financial instrument that represents an equity interest in the FHLB, it does not have a readily determinable fair value. FHLB stock is generally viewed as a long-term investment. Accordingly, when evaluating FHLB stock for impairment, its value should be determined based on the ultimate recoverability of the par value rather than by recognizing temporary declines in value. The Corporation had a maximum borrowing capacity (“MBC”) with the FHLB of $1.22 billion as of December 31, 2016 of which the unused capacity was $886.0 million. In addition there were $79.0 million in overnight federal funds line, $117.3 million of Federal Reserve Discount Window capacity and $5.0 million in a correspondent bank line of credit. |
Note 11 - Subordinated Notes |
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Notes to Financial Statements | |
Subordinated Borrowings Disclosure [Text Block] | Note 11 – Subordinated NotesOn August 6, 2015, the Corporation completed the issuance of $30 million in aggregate principal amount of fixed-to-floating rate subordinated notes (the "Notes") due 2025 in a private placement transaction to institutional accredited investors.The net proceeds of the offering, which totaled $29.5 million, increased Tier 2 regulatory capital and the Corporation intends to use the net proceeds for general corporate purposes including share repurchases, possible acquisitions and organic growth. The debt issuance costs are included as a direct deduction from the debt liability and the costs are amortized to interest expense using the effective interest method.The Notes bear interest at an annual fixed rate of 4.75% from the date of issuance until August 14, 2020, with the first interest payment on the Notes occurring on February 15, 2016 and semi-annually thereafter each August 15 and February 15 through August 15, 2020. Thereafter, the Notes will bear interest at a variable rate that will reset quarterly to a level equal to the then-current three -month LIBOR rate plus 3.068% until August 15, 2025, or any early redemption date, payable quarterly on November 15, February 15, May 15 and August 15 of each year. Beginning with the interest payment date of August 15, 2020, and on any scheduled interest payment date thereafter, the Corporation has the option to redeem the Notes in whole or in part at a redemption price equal to 100% of the principal amount of the redeemed Notes, plus accrued and unpaid interest to the date of the redemption. In conjunction with the issuance, the Corporation engaged the Kroll Bond Rating Agency (“KBRA”) to assign a senior unsecured long-term debt rating, a subordinated debt rating and a short-term rating to the Corporation. As a result of their evaluation, KBRA assigned the Corporation a senior unsecured debt rating of A-, a subordinated debt rating of BBB+ and a short-term debt rating of K2. |
Note 12 - Derivatives and Hedging Activities |
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Derivative Instruments and Hedging Activities Disclosure [Text Block] | Note 12 - Derivatives and Hedging ActivitiesIn December 2012, the Corporation entered into a forward-starting interest rate swap (the “Swap”) to hedge the cash flows of a $15 million floating-rate FHLB borrowing. The Swap involves the exchange of the Corporation’s floating rate interest payments on the underlying principal amount. The Swap was designated, and qualified, for cash-flow hedge accounting. For derivative instruments that are designated and qualify as hedging instruments, the effective portion of gains or losses is reported as a component of other comprehensive income, and is subsequently reclassified into earnings as an adjustment to interest expense in the periods in which the hedged forecasted transaction affects earnings. On November 30, 2015, the Corporation elected to terminate the Swap and as a result, as of both December 31, 2016 and 2015, the Corporation held no The following table details the Corporation’s derivative positions as of the December 31, 2014:
For the twelve months ended December 31, 2015, the tax-effected accumulated other comprehensive loss associated with the Swap increased by $372 thousand. For the twelve months ended December 31, 2015, the Corporation reclassified $611 thousand, net of income tax benefit of $214 thousand from accumulated other comprehensive loss into earnings. During the twelve month periods ended December 31, 2014, there were no reclassifications of the Swap’s fair value from other comprehensive income to earnings. |
Note 13 - Disclosure about Fair Value of Financial Instruments |
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Fair Value, Measurement Inputs, Disclosure [Text Block] | Note 13 - Disclosure about Fair Value of Financial InstrumentsFASB ASC 825, “Disclosures about Fair Value of Financial Instruments” requires disclosure of the fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate such value. In cases where quoted market prices are not available, fair values are based on estimates using present value or other market value techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instrument. The aggregate fair value amounts presented below do not represent the underlying value of the Corporation.The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value: Cash and Cash Equivalents The carrying amounts reported in the balance sheet for cash and cash equivalents approximate their fair values. Investment Securities Fair values for investment securities are generally determined by the Corporation including the use of an independent third party based on market data, utilizing pricing models that vary by asset and incorporate available trade, bid and other market information. The Corporation reviews, annually, the process utilized by its independent third -party valuation service provider. On a quarterly basis, the Corporation tests the validity of the prices provided by the third party by selecting a representative sample of the portfolio and obtaining actual trade results, or if actual trade results are not available, competitive broker pricing. On an annual basis, the Corporation evaluates, for appropriateness, the methodology utilized by the independent third -party valuation service provider.Loans Held for Sale The fair value of loans held for sale is based on pricing obtained from secondary markets.Net Portfolio Loans and Leases For variable rate loans that reprice frequently and which have no significant change in credit risk, estimated fair values are based on carrying values. Fair values of certain fixed rate mortgage loans and consumer loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality and is indicative of an entry price. The estimated fair value of nonperforming loans is based on discounted estimated cash flows as determined by the internal loan review of the Bank or the appraised market value of the underlying collateral, as determined by independent third party appraisers. This technique does not reflect an exit price.Impaired Loans The Corporation evaluates and values impaired loans at the time the loan is identified as impaired, and the fair values of such loans are estimated using Level 3 inputs in the fair value hierarchy. Each loan’s collateral has a unique appraisal and management’s discount of the value is based on the factors unique to each impaired loan. The significant unobservable input in determining the fair value is management’s subjective discount on appraisals of the collateral securing the loan, which range from 10% - 50%. Collateral may consist of real estate and/or business assets including equipment, inventory and/or accounts receivable and the value of these assets is determined based on the appraisals by qualified licensed appraisers hired by the Corporation. Appraised and reported values may be discounted based on management’s historical knowledge, changes in market conditions from the time of valuation, estimated costs to sell, and/or management’s expertise and knowledge of the client and the client’s business.Other Real Estate Owned Other real estate owned consists of properties acquired as a result of foreclosures and deeds in-lieu-of foreclosure. Properties are classified as OREO and are reported at the lower of cost or fair value less cost to sell, and are classified as Level 3 in the fair value hierarchy.Mortgage Servicing Rights The fair value of the MSRs for these periods was determined using a proprietary third -party valuation model that calculates the present value of estimated future servicing income. The model incorporates assumptions that market participants use in estimating future net servicing income, including estimates of prepayment speeds and discount rates. Due to the proprietary nature of the valuation model used and the lack of observable inputs, the Corporation classifies the value of MSRs as using Level 3 inputs.Other Assets Due to their short-term nature, the carrying amounts of accrued interest receivable, income taxes receivable and other investments approximate their fair value. Deposits The fair values disclosed for non-interest-bearing demand deposits, savings, NOW accounts, and market rate accounts are, by definition, equal to the amounts payable on demand at the reporting date (i.e., their carrying amounts). Fair values for certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of expected monthly maturities on the certificates of deposit. FASB Codification 825 defines the fair value of demand deposits as the amount payable on demand, as of the reporting date, and prohibits adjusting estimated fair value from any value derived from retaining those deposits for an expected future period of time.Short-term borrowings Due to their short-term nature, the carrying amount of short-term borrowings, which include overnight repurchase agreements approximate their fair value. FHLB Advances and Other Borrowings The fair value of FHLB advances and other borrowings is established using a discounted cash flow calculation that applies interest rates currently being offered on mid-term and long term borrowings. Subordinated N otes The fair value of the Notes is estimated by discounting the principal balance using the FHLB yield curve for the term to the call date as the Corporation has the option to call the Notes. The Notes are classified within Level 2 in the fair value hierarchy.Other Liabilities The carrying amounts of accrued interest payable and other accrued payables approximate fair value. The fair value of the interest-rate swap derivative is derived from quoted prices for similar instruments in active markets and is classified as using Level 2 inputs.Off-Balance Sheet Instruments The fair values of the Corporation’s commitments to extend credit, standby letters of credit and financial guarantees are not included in the table below as their carrying values generally approximate their fair values. These instruments generate fees that approximate those currently charged to originate similar commitments. The carrying amount and fair value of the Corporation’s financial instruments are as follows:
* see Note 1 4 in the Notes to Consolidated Financial Statements for a description of hierarchy levels . |
Note 14 - Fair Value Measurement |
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Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Text Block] | Note 14 - Fair Value MeasurementFASB ASC 820, “Fair Value Measurement” establishes a fair value hierarchy based on the nature of data inputs for fair value determinations, under which the Corporation is required to value each asset using assumptions that market participants would utilize to value that asset. When the Corporation uses its own assumptions it is required to disclose additional information about the assumptions used and the effect of the measurement on earnings or the net change in assets for the period. The value of the Corporation’s available for sale investment securities, which include obligations of the U.S. government and its agencies, mortgage-backed securities issued by U.S. government- and U.S. government sponsored agencies, obligations of state and political subdivisions, corporate bonds, other debt securities, as well as bond mutual funds are determined by the Corporation, including the use of an independent third party. The Corporation performs tests to assess the validity of these third -party values. The third party’s evaluations are based on market data. They utilize pricing models that vary by asset and incorporate available trade, bid and other market information. For securities that do not trade on a daily basis, their pricing models apply available information such as benchmarking and matrix pricing. The market inputs normally sought in the evaluation of securities include benchmark yields, reported trades, broker/dealer quotes (only obtained from market makers or broker/dealers recognized as market participants), issuer spreads, two -sided markets, benchmark securities, bid, offers and reference data. For certain securities, additional inputs may be used or some market inputs may not be applicable. Inputs are prioritized differently on any given day based on market conditions. U.S. Government agencies are evaluated and priced using multi-dimensional relational models and option adjusted spreads. State and municipal securities are evaluated on a series of matrices including reported trades and material event notices. Mortgage-backed securities are evaluated using matrix correlation to treasury or floating index benchmarks, prepayment speeds, monthly payment information and other benchmarks. Other available-for-sale investments are evaluated using a broker-quote based application, including quotes from issuers. The value of the investment portfolio is determined using three broad levels of inputs: Level – Quoted prices in active markets for identical securities.1 Level – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active and model derived valuations whose inputs are observable or whose significant value drivers are observable. 2 Level – Instruments whose significant value drivers are unobservable. 3 These levels are not necessarily an indication of the risks or liquidity associated with these investments. The following tables summarize the assets at December 31, 2016 and 2015 that are recognized on the Corporation’s balance sheet using fair value measurement determined based on the differing levels of input. Fair value of assets measured on a recurring basis as of December 31, 2016:
Fair value of assets measured on a non-recurring basis as of December 31, 2016:
Fair value of assets measured on a recurring basis as of December 31, 2015:
Fair value of assets measured on a non-recurring basis as of December 31, 2015:
For the twelve months ended December 31, 2016, a net decrease of $607 thousand in the Allowance was recorded and for the twelve months ended December 31, 2015, a net increase of $448 thousand in the Allowance was recorded as a result of adjusting the carrying value and estimated fair value of the impaired loans in the above tables. As it relates to the fair values of assets measured on a recurring basis, there have been no transfers between levels during the twelve months ended December 31, 2016. |
Note 15 - 401(K) Plan and Other Defined Contribution Plans |
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Notes to Financial Statements | |
Compensation and Employee Benefit Plans [Text Block] | Note 15 - 401(K) Plan and Other Defined Contribution PlansThe Corporation has a qualified defined contribution plan (the “401(K) Plan”) for all eligible employees, under which the Corporation matches employee contributions up to a maximum of 3.0% of the employee’s base salary. The Corporation’s expenses for the 401(K) Plan were $1.0 million, $920 thousand and $846 thousand in 2016, 2015 and 2014, respectively. In addition to the matching contribution above, the Corporation provides a discretionary, non-matching employer contribution to the 401(K) Plan. The Corporation’s expense for the non-matching discretionary contribution was $126 thousand, $1.3 million and $1.1 million, for the twelve months ended December 31, 2016, 2015 and 2014, respectively. In connection with the December 31, 2015 settlement of the Qualified Defined Benefit Plan, $2.3 million of excess assets were transferred to the Corporation’s 401(K) plan. As a result, the expense recorded for the non-matching discretionary contribution was significantly lower for 2016, as compared to the previous two years.On June 28, 2013, the Corporation adopted the Bryn Mawr Bank Corporation Executive Deferred Compensation Plan (the “EDCP”), a non-qualified defined-contribution plan which was restricted to certain senior officers of the Corporation. The intended purpose of the EDCP is to provide deferred compensation to a select group of employees. The Corporation’s expense for the EDCP, for the twelve months ended December 31, 2016, 2015 and 2014 was $272 thousand, $164 thousand and $239 thousand, respectively. |
Note 16 - Pension and Postretirement Benefit Plans |
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Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pension and Other Postretirement Benefits Disclosure [Text Block] | Note 16 - Pension and Postretirement Benefit PlansA. General Overview – Prior to December 31, 2015, the Corporation had three defined-benefit pension plans comprised of a qualified defined benefit plan (the “QDBP”) which covered all employees over age 20 1/2 who met certain service requirements, and two non-qualified defined-benefit supplemental executive retirement plans (“SERP I” and “SERP II”) which are restricted to certain senior officers of the Corporation. On May 29, 2015, by unanimous consent, the Board of Directors of the Corporation voted to settle the QDBP. On June 2, 2015, notices were sent to participants informing them of the settlement. Final distributions to participants were completed by December 31, 2015. As a result of the settlement of the QDBP, a loss on pension settlement of $17.4 million was recorded for the twelve months ended December 31, 2015. SERP I provides each participant with the equivalent pension benefit provided by the QDBP on any compensation and bonus deferrals that exceed the IRS limit applicable to the QDBP. On February 12, 2008, the Corporation amended the QDBP and SERP I to freeze further increases in the defined benefit amounts to all participants, effective March 31, 2008. On April 1, 2008, the Corporation added SERP II, a non-qualified defined benefit plan which was restricted to certain senior officers of the Corporation. Effective March 31, 2013, the Corporation curtailed SERP II, as further increases to the defined benefit amounts to over 20% of the participants were frozen.The Corporation also has a postretirement benefit plan (“PRBP”) that covers certain retired employees and a group of current employees. The PRBP was closed to new participants in 1994. In 2007, the Corporation amended the PRBP to allow for settlement of obligations to certain current and retired employees. Certain retired participant obligations were settled in 2007 and current employee obligations were settled in 2008. The following table provides information with respect to our QDBP, SERP, and PRBP, including benefit obligations and funded status, net periodic pension costs, plan assets, cash flows, amortization information and other accounting items. B. Actuarial Assumptions used to determine benefit obligations as of December 31 of the years indicated:
C. Changes in Benefit Obligations and Plan Assets:
As indicated in the table above, the excess assets remaining in the settled QDBP as of December 31, 2015 were transferred to the Corporation’s defined contribution plan and serve to defray some of the future costs to fund this plan.
D. The following tables provide the components of net periodic pension costs for the periods indicated:
E. Plan Assets: The information in this section pertains to the assets of the QDBP. The PRBP, SERP I and SERP II are unfunded plans and, as such, have no related plan assets.As of December 31, 2015, with the exception of $169 thousand disbursed in January 2016 to QDBP participants already receiving benefits, all assets of the QDBP had been distributed to the participants either in the form of an annuity or as a lump sum payment. F. Cash Flows The following benefit payments, which reflect expected future service, are expected to be paid over the next ten years:
G. Other Pension and Post Retirement Benefit Information In 2005, the Corporation placed a cap on the future annual benefit payable through the PRBP. This cap is equal to 120% of the 2005 annual benefit.H. Expected Contribution to be Paid in the Next Fiscal Year The 2017 expected contribution for the SERP I and SERP II is $259 thousand.I. Actuarial Losses As indicated in section C of this footnote, the Corporation’s pension plans had cumulative actuarial losses as of December 31, 2016 that will result in an increase in the Corporation’s future pension expense because such losses at each measurement date exceed 10% of the greater of the projected benefit obligation or the market-related value of the plan assets. In accordance with GAAP, net unrecognized gains or losses that exceed that threshold are required to be amortized over the expected service period of active employees, and are included as a component of net pension cost. Amortization of these net actuarial losses has the effect of increasing the Corporation’s pension costs as shown on the table in section D of this footnote. |
Note 17 - Accumulated Other Comprehensive Loss |
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Comprehensive Income (Loss) Note [Text Block] | Note 17 – Accumulated Other Comprehensive Losstwelve months ended December 31, 2016, 2015 and 2014:
The following tables detail the amounts reclassified from each component of accumulated other comprehensive loss for the twelve month periods ended December 31, 2016, 2015 and 2014:
*Accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 16 - Pension and Other Post-Retirement Benefit Plans. |
Note 18 - Income Taxes |
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Income Tax Disclosure [Text Block] | Note 18 – Income TaxesA. Components of Net Deferred Tax Asset:
Not included in the table above is a $157 thousand deferred tax asset for state taxes related to net operating losses of our leasing subsidiary as of December 31, 2016, for which we have recorded a 100% valuation allowance. These state net operating losses will expire between 2023 and 2035. As a result of the CBH Merger, deferred tax assets were increased by $7.2 million related to purchase accounting adjustments and net deferred tax assets carried over from CBH. B. The provision (benefit) for income taxes consists of the following:
C. Applicable income taxes differed from the amount derived by applying the statutory federal tax rate to income as follows:
D. Other Income Tax Information In accordance with the provisions of ASC 740, “Accounting for Uncertainty in Income Taxes”, the Corporation recognizes the financial statement benefit of a tax position only after determining that the Corporation would more likely than not sustain the position following an examination. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon settlement with the relevant tax authority. The Corporation applied these criteria to tax positions for which the statute of limitations remained open. There were no twelve months ended December 31, 2016, 2015 or 2014. The Corporation is subject to income taxes in the U.S. federal jurisdiction, and in multiple state jurisdictions. The Corporation is no longer subject to U.S. federal income tax examination by tax authorities for the years before 2013. The Corporation’s policy is to record interest and penalties on uncertain tax positions as income tax expense. No interest or penalties were accrued in 2016. As of December 31, 2016, the Corporation has net operating loss carry-forwards for federal income tax purposes of $1.3 million, related to the FKF merger, which are available to offset future federal taxable income through 2030. In addition, the Corporation has alternative minimum tax credits of $567 thousand, which are available to reduce future federal regular income taxes over an indefinite period. The Corporation has determined that it is more likely than not that the results of future operations will generate sufficient taxable income to realize the deferred tax asset related to these amounts.As a result of the July 1, 2010 merger with FKF, the Corporation succeeded to certain tax bad debt reserves that existed at FKF as of June 30, 2010. As of December 31, 2016, the Corporation had unrecognized deferred income taxes of $2.5 million with respect to these reserves. These reserves could be recognized as taxable income and create a current and/or deferred tax liability at the income tax rates then in effect if one of the following conditions occurs: (1) the Bank’s retained earnings represented by this reserve are used for distributions, in liquidation, or for any other purpose other than to absorb losses from bad debts; (2) the Bank fails to qualify as a bank, as provided by the Internal Revenue Code; or (3) there is a change in federal tax law. |
Note 19 - Stock-based Compensation |
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Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 19 - Stock –Based CompensationA. General Information The Corporation permits the issuance of stock options, dividend equivalents, performance stock awards, stock appreciation rights and restricted stock awards to employees and directors of the Corporation under several plans. The performance awards and restricted awards may be in the form of stock awards or stock units. Stock awards and stock units differ in that for a stock award, shares of restricted stock are issued in the name of the grantee, whereas a stock unit constitutes a promise to issue shares of stock upon vesting. The accounting for awards and units is identical. The terms and conditions of awards under the plans are determined by the Corporation’s Compensation Committee. Prior to April 25, 2007, all shares authorized for grant as stock-based compensation were limited to grants of stock options. On April 25, 2007, the shareholders approved the Corporation’s “2007 Long-Term Incentive Plan” (the “2007 LTIP”) under which a total of 428,996 shares of the Corporation’s common stock were made available for award grants. On April 28, 2010, the shareholders approved the Corporation’s “2010 Long Term Incentive Plan” (the “2010 LTIP”) under which a total of 445,002 shares of the Corporation’s common stock were made available for award grants.In addition to the shareholder-approved plans mentioned in the preceding paragraph, the Corporation periodically authorizes grants of stock-based compensation as inducement awards to new employees. This type of award does not require shareholder approval in accordance with Rule 5635(c)(4) of the Nasdaq listing rules.The equity awards are authorized to be in the form of, among others, options to purchase the Corporation’s common stock, restricted stock awards or units (“RSAs” or “RSUs”) and performance stock awards or units (“PSAs” or “PSUs”). RSAs and RSUs have a restriction based on the passage of time. The grant date fair value of the RSAs and RSUs is based on the closing price on the date of the grant. PSAs and PSUs have a restriction based on the passage of time and also have a restriction based on a performance criteria. The performance criteria may be a market-based criteria measured by the Corporation’s total shareholder return (“TSR”) relative to the performance of the community bank index for the respective period. The fair value of the PSAs and PSUs based on the Corporation’s TSR relative to the performance of the community bank index is calculated using the Monte Carlo Simulation method. The performance criteria may also be based on a non-market-based criteria such as return on average equity. The grant date fair value of these PSUs and PSAs is based on the closing price of the Corporation’s stock on the date of the grant. PSU and PSA grants may have a vesting percent ranging from 0% to 150%. The following table summarizes the remaining shares authorized to be granted for options, RSAs and PSAs:
* Non-vesting PSAs and PSUs represent awards that did not meet their performance criteria , were cancelled and are available for future grant. B. Fair Value of Options Granted In connection with the CBH Merger, 181,256 fully vested options, with a value of $2.3 million which had been granted to former CBH employees and directors, were assumed by the Corporation.No twelve month periods ended December 31, 2016, 2015 and 2014. C. Other Stock Option Information – The following table provides information about options outstanding:
The following table provides information related to options as of December 31, 2016:
*price of exercisable options The following table provides information about unvested options:
Proceeds, related tax benefits realized from options exercised and intrinsic value of options exercised were as follows:
The following table provides information about options outstanding and exercisable options:
As of December 31, 2016, all compensation expense related to stock options has been recognized.D. Restricted Stock and Performance Stock Awards and Units The Corporation has granted RSAs, RSUs, PSAs and PSUs under the 2007 LTIP and 2010 LTIP and in accordance with Rule 5635(c)(4) of the Nasdaq listing standards.RSAs and RSUs The compensation expense for the RSAs is measured based on the market price of the stock on the day prior to the grant date and is recognized on a straight line basis over the vesting period. For the twelve months ended December 31, 2016, the Corporation recognized $590 thousand of expense related to the Corporation’s RSAs and RSUs. As of December 31, 2016, there was $1.2 million of unrecognized compensation cost related to RSAs and RSUs. This cost will be recognized over a weighted average period of 2.2 years.The following table details the RSAs for the twelve month periods ended December 31, 2016, 2015 and 2014:
PSAs and PSUs The compensation expense for PSAs and PSUs is measured based on their grant date fair value as calculated using the Monte Carlo Simulation and is recognized on a straight-line basis over the vesting period. For the twelve months ended December 31, 2015, there were two separate grants of PSUs. The grant date fair value of each grant was determined independently using the Monte Carlo Simulation. Assumptions used in the Monte Carlo Simulation for the grant of 23,675 PSUs, whose performance is based on TSR, in August 2016, included expected volatility of 21.87% a risk free rate of interest of 0.82% and a correlation co-efficient of 0.4505. The Corporation recognized $1.1 million of expense related to the PSUs for the twelve months ended December 31, 2016. As of December 31, 2016, there was $2.0 million of unrecognized compensation cost related to PSUs. This cost will be recognized over a weighted average period of 2.0 years.The following table details the PSAs and PSUs for the twelve month periods ending December 31, 2016, 2015 and 2014:
__________________________ * Non-vesting PSAs represent PSAs that did not meet their performance criteria, and were therefore cancelled. The associated expense, however, was incurred over the vesting period. |
Note 20 - Earnings Per Share |
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Earnings Per Share [Text Block] | Note 20 - Earnings per ShareThe calculation of basic earnings per share and diluted earnings per share is presented below:
*excludes restricted stock All weighted average shares, actual shares and per share information in the financial statements have been adjusted retroactively for the effect of stock dividends and splits. See Note 1 -Q – “Summary of Significant Accounting Policies: Earnings per Common Share” for a discussion on the calculation of earnings per share. |
Note 21 - Other Operating Income |
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Interest and Other Income [Text Block] | Note 21 - Other Operating IncomeComponents of other operating income for the indicated years ended December 31 include:
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Note 22 - Other Operating Expense |
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Other Income and Other Expense Disclosure [Text Block] | Note 22 - Other Operating ExpenseComponents of other operating expense for the indicated years ended December 31 include:
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Note 23 - Related Party Transactions |
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Related Party Transactions Disclosure [Text Block] | Note 23 - Related Party TransactionsIn the ordinary course of business, the Bank granted loans to principal officers, directors and their affiliates. Loan activity during 2016 and 2015 was as follows:
Related party deposits amounted to $6.0 million and $3.6 million at December 31, 2016 and 2015, respectively. |
Note 24 - Financial Instruments with Off-Balance Sheet Risk, Contingencies and Concentration of Credit Risk |
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Dec. 31, 2016 | |
Notes to Financial Statements | |
Financial Instruments with off Balance Sheet Risk Contingencies and Concentration of Credit Risk [Text Block] | Note 24 - Financial Instruments with Off-Balance Sheet Risk, Contingencies and Concentration of Credit RiskOff-Balance Sheet Risk The Corporation is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated statements of financial condition. The contractual amounts of those instruments reflect the extent of involvement the Corporation has in particular classes of financial instruments. The Corporation’s exposure to credit loss in the event of nonperformance by the counterparty to the financial instrument of commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Corporation uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet financial instruments. Commitments to extend credit, which include unused lines of credit and unfunded commitments to originate loans, are agreements to lend to a customer as long as there is no violation of any condition established in the agreement. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Some of the commitments are expected to expire without being drawn upon, and the total commitment amounts do not necessarily represent future cash requirements. Total commitments to extend credit at December 31, 2016 were $675.4 million. The Corporation evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Corporation upon extension of credit, is based on a credit evaluation of the counterparty. Collateral varies but may include accounts receivable, marketable securities, inventory, property, plant and equipment, residential real estate, and income-producing commercial properties.Standby letters of credit are conditional commitments issued by the Bank to a customer for a third party. Such standby letters of credits are issued to support private borrowing arrangements. The credit risk involved in issuing standby letters of credit is similar to that involved in extending loan facilities to customers. The collateral varies, but may include accounts receivable, marketable securities, inventory, property, plant and equipment, and residential real estate for those commitments for which collateral is deemed necessary. The Corporation’s obligation under standby letters of credit as of December 31, 2016 was $12.7 million. There were no outstanding bankers’ acceptances as of December 31, 2016. Contingencies Legal Matters In the ordinary course of business, the Corporation is subject to litigation, claims, and assessments that involve claims for monetary relief. Some of these are covered by insurance. Based upon information presently available to the Corporation and its counsel, it is the Corporation’s opinion that any legal and financial responsibility arising from such claims will not have a material, adverse effect on its results of operations, financial condition or capital. Indemnifications In general, the Corporation does not sell loans with recourse, except to the extent that it arises from standard loan-sale contract provisions. These provisions cover violations of representations and warranties and, under certain circumstances, first payment default by borrowers. These indemnifications may include the repurchase of loans by the Corporation, and are considered customary provisions in the secondary market for conforming mortgage loan sales. For the twelve months ended December 31, 2016, 2015 and 2014, there were no make-whole requests presented to or settled by the Corporation. As of December 31, 2016, there are no pending make-whole requests.Concentrations of Credit Risk The Corporation has a material portion of its loans in real estate-related loans. A predominant percentage of the Corporation’s real estate exposure, both commercial and residential, is in the Corporation’s primary trade area which includes portions of Delaware, Chester, Montgomery and Philadelphia counties in Southeastern Pennsylvania. The Corporation is aware of this concentration and attempts to mitigate this risk to the extent possible in many ways, including the underwriting and assessment of borrower’s capacity to repay. See Note 5 – “Loans and Leases” for additional information.As of December 31, 2016, the Corporation had no loans sold with recourse outstanding. |
Note 25 - Dividend Restrictions |
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Dec. 31, 2016 | |
Notes to Financial Statements | |
Restrictions on Dividends, Loans and Advances [Text Block] | Note 25 - Dividend Restrictions The Bank is subject to the Pennsylvania Banking Code of 1965 (the “Code”), as amended, and is restricted in the amount of dividends that can be paid to its sole shareholder, the Corporation. The Code restricts the payment of dividends by the Bank to the amount of its net income during the current calendar year and the retained net income of the prior two calendar years, unless the dividend has been approved by the Board of Governors of the Federal Reserve System. The Bank’s total retained net income for the combined two years ended December 31, 2015 and 2016 was $364 thousand. During the twelve months ended December 31, 2016, the Bank issued dividends to the Corporation totaling $16.0 million. Accordingly, the dividend payable by the Bank to the Corporation beginning on January 1, 2017 is limited to net income not yet earned in 2017 plus $364 thousand. The amount of dividends paid by the Bank may not exceed a level that reduces capital levels to below levels that would cause the Bank to be considered less than adequately capitalized as detailed in Note 26 – “Regulatory Capital Requirements”. |
Note 26 - Regulatory Capital Requirements |
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Regulatory Capital Requirements under Banking Regulations [Text Block] | Note 2 6 - Regulatory Capital Requirements A. General Regulatory Capital Information Both the Corporation and the Bank are subject to various regulatory capital requirements, administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if taken, could have a direct material effect on the Corporation’s and the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Corporation and the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Prompt corrective action provisions are not applicable to bank holding companies. Beginning in 2015, new regulatory capital reforms, known as Basel III, issued as part of the Dodd-Frank Act began to be phased in. For more information, refer to the “Other Information” section of Management’s Discussion and Analysis of Financial Condition and Results of Operations in this Annual Report on Form 10 -K. B. S- 3 Shelf Registration Statement and Offerings ThereunderIn March 2015, the Corporation filed a shelf registration statement on Form S-3 (the “Shelf Registration Statement”) to replace its 2012 Shelf Registration Statement, which was set to expire in April 2015. The Shelf Registration Statement allows the Corporation to raise additional capital through offers and sales of registered securities consisting of common stock, debt securities, warrants to purchase common stock, stock purchase contracts and units or units consisting of any combination of the foregoing securities. Using the prospectus in the Shelf Registration Statement, together with applicable prospectus supplements, the Corporation may sell, from time to time, in one or more offerings, such securities in a dollar amount up to $200 million, in the aggregate. In addition, the Corporation has in place under its Shelf Registration Statement a Dividend Reinvestment and Stock Purchase Plan (the “Plan”), which allows it to issue up to 1,500,000 shares of registered common stock. The Plan allows for the grant of a request for waiver (“RFW”) above the Plan’s maximum investment of $120 thousand per account per year. An RFW is granted based on a variety of factors, including the Corporation’s current and projected capital needs, prevailing market prices of the Corporation’s common stock and general economic and market conditions.For the twelve months ended December 31, 2016, the Corporation did not issue any shares through the Plan. No RFWs were approved during the twelve months ended December 31, 2016. No other sales of securities were executed under the Shelf Registration Statement during the twelve months ended December 31, 2016. C. Shares Issued in Mergers and Acquisitions In connection with the acquisition of CBH, the Corporation issued 3,878,304 common shares, valued at $121.4 million, to former shareholders of CBH. These shares were registered on an S-4 registration statement filed by the Corporation in July 2014. D . Share Repurchases For the twelve month periods ended December 31, 2015 and 2016, the Corporation repurchased 862,500 shares and 286,700 shares of Corporation stock, respectively, through its announced repurchase programs. In addition, it is the Corporation’s practice to retire shares to its treasury account upon the vesting of stock awards to certain officers, in order to cover the statutory income tax withholdings related to such vesting.E . Regulatory Capital Ratios As set forth in the following table, quantitative measures have been established to ensure capital adequacy ratios required of both the Corporation and the Bank. Both the Corporation’s and the Bank’s Tier II capital ratios are calculated by adding back a portion of the loan loss reserve to the Tier I capital. As of December 31, 2016 and 2015, the Corporation and the Bank had met all capital adequacy requirements to which they were subject. Federal banking regulators have defined specific capital categories, and categories range from a best of “well capitalized” to a worst of “critically under-capitalized.” Both the Corporation and the Bank were classified as “well capitalized” as of December 31, 2016 and 2015. The Corporation’s and the Bank’s capital amounts and ratios as of December 31, 2016 and 2015 are presented in the following table:
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Note 27 - Selected Quarterly Financial Data (Unaudited) |
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Quarterly Financial Information [Text Block] | Note 2 7 - Selected Quarterly Financial Data (Unaudited)
*Earnings per share is computed independently for each period shown. As a result, the sum of the quarters may not equal the total earnings per share for the year. |
Note 28 - Parent Company - Only Financial Statements |
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Condensed Financial Information of Parent Company Only Disclosure [Text Block] | Note 28 - Parent Company-Only Financial StatementsThe condensed financial statements of the Corporation (parent company only) are presented below. These statements should be read in conjunction with the Notes to the Consolidated Financial Statements. A. Condensed Balance Sheets
B. Condensed Statements of Income
C. Condensed Statements of Cash Flows
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Note 29 - Segment Information |
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Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting Disclosure [Text Block] | Note 2 9 - Segment Information FASB Codification 280 – “Segment Reporting” identifies operating segments as components of an enterprise which are evaluated regularly by the Corporation’s Chief Operating Decision Maker, our Chief Executive Officer, in deciding how to allocate resources and assess performance. The Corporation has applied the aggregation criterion set forth in this codification to the results of its operations. The Corporation’s Banking segment consists of commercial and retail banking. The Banking segment is evaluated as a single strategic unit which generates revenues from a variety of products and services. The Banking segment generates interest income from its lending (including leases) and investing activities and is dependent on the gathering of lower cost deposits from its branch network or borrowed funds from other sources for funding its loans, resulting in the generation of net interest income. The Banking segment also derives revenues from other sources including gains on the sale in available for sale investment securities, gains on the sale of residential mortgage loans, service charges on deposit accounts, cash sweep fees, overdraft fees, BOLI income and interchange revenue associated with its Visa Check Card offering. The Wealth Management segment has responsibility for a number of activities within the Corporation, including trust administration, other related fiduciary services, custody, investment management and advisory services, employee benefits and IRA administration, estate settlement, tax services and brokerage. Bryn Mawr Trust of Delaware and Lau Associates are included in the Wealth Management segment of the Corporation since they have similar economic characteristics, products and services to those of the Wealth Management Division of the Corporation. In addition, with the October 1, 2014 acquisition of PCPB and the April 1, 2015 acquisition of RJM, which was merged into PCPB, the Wealth Management Division assumed responsibility for all insurance services of the Corporation. Prior to the PCPB and RJM acquisitions, the Bank’s previous insurance subsidiary, ICBM, was reported through the Banking segment. Any adjustments to prior year figures are immaterial and are not reflected in the table below.The accounting policies of the Corporation are applied by segment in the following tables. The segments are presented on a pre-tax basis. The following table details the Corporation’s segments:
Other segment information: Wealth Management Segment Information
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Note 30 - Subsequent Events |
12 Months Ended |
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Dec. 31, 2016 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | Note 30 – S ubsequent Events On January 30, 2017, the Corporation entered into a definitive Agreement and Plan of Merger to acquire Royal Bancshares of Pennsylvania, Inc. (“RBPI”), parent company of Royal Bank America (“RBA”), in a transaction with an aggregate value of $127.7 million (the “Acquisition”). In connection with the Acquisition, RBPI will merge with and into the Corporation and RBA will merge with and into the Bank. The Acquisition, which is expected to add approximately $602 million in loans and $630 million in deposits (based on unaudited December 31, 2016 financial information), strengthens the Corporation’s position as the largest community bank in Philadelphia’s western suburbs and, based on deposits, ranks it as the eighth largest community bank headquartered in Pennsylvania. The Acquisition, which will expand the Corporation's distribution network by providing entry into the new markets of New Jersey and Berks County, Pennsylvania, and a new physical presence in Philadelphia County, Pennsylvania is expected to close during the third quarter of 2017. |
Significant Accounting Policies (Policies) |
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Accounting Policies [Abstract] | |
Nature of Business [Policy Text Block] | A. Nature of Business The Bryn Mawr Trust Company (the “Bank”) received its Pennsylvania banking charter in 1889 and is a member of the Federal Reserve System. In 1986, Bryn Mawr Bank Corporation (the “Corporation”) was formed and on January 2, 1987, the Bank became a wholly-owned subsidiary of the Corporation. The Bank and Corporation are headquartered in Bryn Mawr, Pennsylvania, located in the western suburbs of Philadelphia. The Corporation and its subsidiaries provide wealth management, commercial and community banking, residential mortgage lending, insurance and business banking services to its customers through 25 full service branches, eight limited-hour retirement community offices, one limited-service branch, five wealth offices and a full-service insurance agency located throughout Montgomery, Delaware, Chester, Dauphin and Philadelphia counties in Pennsylvania and New Castle county in Delaware. The common stock of the Corporation trades on the NASDAQ Stock Market (“NASDAQ”) under the symbol BMTC.On January 30, 2017, the Corporation entered into a definitive Agreement and Plan of Merger to acquire Royal Bancshares of Pennsylvania, Inc. (“RBPI”), parent company of Royal Bank America (“RBA”), in a transaction with an aggregate value of $127.7 million (the “Acquisition”). In connection with the Acquisition, RBPI will merge with and into the Corporation and RBA will merge with and into the Bank. The Acquisition, which is expected to add approximately $602 million in loans and $630 million in deposits (based on unaudited December 31, 2016 financial information), strengthens the Corporation’s position as the largest community bank in Philadelphia’s western suburbs and, based on deposits, ranks it as the eighth largest community bank headquartered in Pennsylvania. The Acquisition, which will expand the Corporation's distribution network by providing entry into the new markets of New Jersey and Berks County, Pennsylvania, and a new physical presence in Philadelphia County, Pennsylvania is expected to close during the third quarter of 2017. On April 1, 2015, the acquisition of Robert J. McAllister Agency, Inc. (“RJM”), an insurance brokerage headquartered in Rosemont, Pennsylvania, was completed. Consideration paid totaled $1.0 million, of which $500 thousand was paid at closing, $85 thousand of the first annual payment not to exceed $100 thousand was paid during the second quarter of 2016 and four remaining contingent cash payments, not to exceed $100 thousand each, will be payable on each of March 31, 2017, March 31, 2018, March 31, 2019, and March 31, 2020, subject to the attainment of certain revenue targets during the related periods. The acquisition enhanced the Corporation’s ability to offer comprehensive insurance solutions to both individual and business clients.On January 1, 2015, the merger of Continental Bank Holdings, Inc. (“CBH”) with and into the Corporation (the “CBH Merger”), and the merger of Continental Bank with and into the Bank, were completed. Consideration paid totaled $125.1 million, comprised of 3,878,383 shares (which included fractional shares paid in cash) of the Corporation’s common stock, the assumption of options to purchase Corporation common stock valued at $2.3 million and $1.3 million for the cash-out of certain warrants. The CBH Merger initially added $424.7 million of loans, $181.8 million of investments, $481.7 million of deposits and ten new branches. The acquisition of CBH enabled the Corporation to expand its footprint into a significant portion of Montgomery County, Pennsylvania.On October 1, 2014, the acquisition of Powers Craft Parker and Beard, Inc. (“PCPB”), an insurance brokerage headquartered in Rosemont, Pennsylvania, was completed. The consideration paid by the Corporation was $7.0 million, of which $5.4 million was paid at closing and the first two of three contingent payments, of $542 thousand each, were paid during the fourth quarters of 2015 and 2016. The remaining $542 thousand represents one contingent payment, not to exceed $542 thousand. The payment is subject to the attainment of certain revenue targets during the applicable period. The addition enabled the Corporation to offer a full range of insurance products to both individual and business clients.The Corporation operates in a highly competitive market area that includes local, national and regional banks as competitors along with savings banks, credit unions, insurance companies, trust companies, registered investment advisors and mutual fund families. The Corporation and its subsidiaries are regulated by many regulatory agencies including the Securities and Exchange Commission (“SEC”), Federal Deposit Insurance Corporation (“FDIC”), the Federal Reserve and the Pennsylvania Department of Banking. |
Basis of Accounting, Policy [Policy Text Block] | B. Basis of Presentation The accounting policies of the Corporation conform to U.S. generally accepted accounting principles (“GAAP”). The Consolidated Financial Statements include the accounts of the Corporation and its wholly owned subsidiaries. The Corporation’s consolidated financial condition and results of operations consist almost entirely of the Bank’s financial condition and results of operations. All inter-company transactions and balances have been eliminated. In preparing the Consolidated Financial Statements, the Corporation is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the dates of the balance sheets, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Although our current estimates contemplate current conditions and how we expect them to change in the future, it is reasonably possible that in 2017, actual conditions could be worse than anticipated in those estimates, which could materially affect our results of operations and financial condition. Amounts subject to significant estimates are items such as the allowance for loan and lease losses and lending related commitments, goodwill and intangible assets, pension and post-retirement obligations, the fair value of financial instruments and other-than-temporary impairments. Among other effects, such changes could result in future impairments of investment securities, goodwill and intangible assets and establishment of allowances for loan losses and lending-related commitments as well as increased pension and post-retirement expense. |
Cash and Cash Equivalents, Policy [Policy Text Block] | C. Cash and Cash Equivalents Cash and cash equivalents include cash, interest-bearing and non-interest bearing amounts due from banks, and federal funds sold. Cash balances required to meet regulatory reserve requirements of the Federal Reserve Board amounted to $10.4 million and $11.7 million at December 31, 2016 and December 31, 2015, respectively. |
Investment Securities, Policy [Policy Text Block] | D. Investment Securities Investment securities which are held for indefinite periods of time, which the Corporation intends to use as part of its asset/liability strategy, or which may be sold in response to changes in credit quality of the issuer, interest rates, changes in prepayment risk, increases in capital requirements, or other similar factors, are classified as available for sale and are carried at fair value. Net unrealized gains and losses for such securities, net of tax, are required to be recognized as a separate component of shareholders’ equity and excluded from determination of net income. Gains or losses on disposition are based on the net proceeds and cost of the securities sold, adjusted for the amortization of premiums and accretion of discounts, using the specific identification method. The Corporation follows ASC 370 -10 -65 -1 “Recognition and Presentation of Other-Than-Temporary Impairments” that provides guidance related to accounting for recognition of other-than-temporary impairment for debt securities and expands disclosure requirements for other-than-temporarily impaired debt and equity securities. Companies are required to record other-than-temporary impairment charges through earnings if they have the intent to sell, or will more likely than not be required to sell, an impaired debt security before a recovery of its amortized cost basis. In addition, companies are required to record other-than-temporary impairment charges through earnings for the amount of credit losses, regardless of the intent or requirement to sell. Credit loss is measured as the difference between the present value of an impaired debt security’s cash flows and its amortized cost basis. Non-credit-related write-downs to fair value must be recorded as decreases to accumulated other comprehensive income as long as the Corporation has no intent or it is more likely than not that the Corporation would not be required to sell an impaired security before a recovery of its amortized cost basis. The Corporation did not have any other-than-temporary impairments for 2016, 2015 or 2014. Investments for which the Corporation has the intent and ability to hold until maturity are classified as held-to-maturity and are carried at their amortized cost on the balance sheet. No adjustment for market value fluctuations are recorded related to the held to maturity portfolio. Investment securities held in trading accounts consist solely of deferred compensation trust accounts which are invested in listed mutual funds whose diversification is at the discretion of the deferred compensation plan participants. Investment securities held in trading accounts are reported at fair value, with adjustments in fair value reported through income. |
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block] | E. Loans Held for Sale Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or fair value in the aggregate. Net unrealized temporary losses, if any, are recognized through a valuation allowance by charges to income. |
Finance, Loans and Leases Receivable, Policy [Policy Text Block] | F. Portfolio Loans and Leases The Corporation originates construction, commercial and industrial, commercial mortgage, residential mortgage, home equity and consumer loans to customers primarily in southeastern Pennsylvania as well as small-ticket equipment leases to customers nationwide. Although the Corporation has a diversified loan and lease portfolio, its debtors’ ability to honor their contracts is substantially dependent upon the real estate and general economic conditions of the region. Loans and leases that the Corporation has the intention and ability to hold for the foreseeable future or until maturity or pay-off, generally are reported at their outstanding principal balance adjusted for charge-offs, the allowance for loan and lease losses and any deferred fees or costs on originated loans and leases. Interest income is accrued on the unpaid principal balance. Loan and lease origination fees and loan and lease origination costs are deferred and recognized as an adjustment to the related yield using the interest method. The accrual of interest on loans and leases is generally discontinued at the time the loan is 90 days delinquent unless the credit is well secured and in the process of collection. Loans and leases are placed on nonaccrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued, but not collected for loans that are placed on nonaccrual status or charged-off, is charged against interest income. All interest accrued, but not collected, on leases that are placed on nonaccrual status is not charged against interest income until the lease becomes 120 days delinquent, at which point it is charged off. The interest received on these nonaccrual loans and leases is applied to reduce the carrying value of loans and leases. Loans and leases are returned to accrual status when all the principal and interest amounts contractually due are brought current, remain current for at least six months and future payments are reasonably assured. Once a loan returns to accrual status, any interest payments collected during the nonaccrual period which had been applied to the principal balance are reversed and recognized as interest income over the remaining term of the loan.Certain loans which have reached maturity and have been approved for extension or renewal, but for which all required documents have not been fully executed as of the reporting date, are classified as Administratively Delinquent and are not considered to be delinquent. These loans are reported as current in all disclosures. Loans acquired in mergers are recorded at their fair values. The difference between the recorded fair value and the principal value is accreted to interest income over the contractual lives of the loans in accordance with ASC 310 -20. Certain acquired loans which were deemed to be credit impaired at acquisition are accounted for in accordance with ASC 310 -30, as discussed below, in subsection H of this footnote. |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | G. Allowance for Loan and Lease Losses The allowance for loan and lease losses (the “Allowance”) is established through a provision for loan and lease losses (the “Provision”) charged as an expense. The principal balances of loans and leases are charged against the Allowance when the Corporation believes that the principal is uncollectible. The Allowance is maintained at a level that the Corporation believes is sufficient to absorb estimated potential credit losses. The Corporation’s determination of the adequacy of the Allowance is based on guidance provided in ASC 450 – Contingencies and ASC 310 - Receivables, and involves the periodic evaluations of the loan and lease portfolio and other relevant factors. However, this evaluation is inherently subjective as it requires significant estimates by the Corporation. Consideration is given to a variety of factors in establishing these estimates. Quantitative factors in the form of historical net charge-off rates by portfolio segment are considered. In connection with these quantitative factors, management establishes what it deems to be an adequate look-back period (“LBP”) for the charge-off history. As of December 31, 2016, the Corporation utilized a five -year LBP, which it believes adequately captures the trends in charge-offs. In addition, management develops an estimate of a loss emergence period (“LEP”) for each segment of the loan portfolio. The LEP estimates the time between the occurrence of a loss event for a borrower and an actual charge-off of a loan. As of December 31, 2016, the Corporation utilized a two -year LEP for its commercial loan segments and a one -year LEP for its consumer loan segments based on analyses of actual charge-offs tracked back in time to the triggering event for the eventual loss. In addition, various qualitative factors are considered, including the specific terms and conditions of loans, changes in underwriting standards, delinquency statistics, industry concentrations and overall exposure of a single customer. In addition, consideration is given to the adequacy of collateral, the dependence on collateral, and the results of internal loan reviews, including a borrower’s financial strengths, their expected cash flows, and their access to additional funds. As part of the process of calculating the Allowance for the different segments of the loan and lease portfolio, the Corporation considers certain credit quality indicators. For the commercial mortgage, construction and commercial and industrial loan segments, periodic reviews of the individual loans are performed by both in-house staff as well as external third -party loan review specialists. The result of these reviews is reflected in the risk grade assigned to each loan. For the consumer segments of the loan portfolio, the indicator of credit quality is reflected by the performance/non-performance status of a loan. The evaluation process also considers the impact of competition, current and expected economic conditions, national and international events, the regulatory and legislative environment and inherent risks in the loan and lease portfolio. All of these factors may be susceptible to significant change. To the extent actual outcomes differ from the Corporation’s estimates, an additional Provision may be required that might adversely affect the Corporation’s results of operations in future periods. In addition, various regulatory agencies, as an integral part of their examination processes, periodically review the adequacy of the Allowance. Such agencies may require the Corporation to record additions to the Allowance based on their judgment of information available to them at the time of their examination. |
Impaired Financing Receivable, Policy [Policy Text Block] | H. Impaired Loans and Leases A loan or lease is considered impaired when, based on current information, it is probable that the Corporation will be unable to collect the contractually scheduled payments of principal or interest. When assessing impairment, the Corporation considers various factors, which include payment status, realizable value of collateral and the probability of collecting scheduled principal and interest payments when due. Loans and leases that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. The Corporation determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. For loans that indicate possible signs of impairment, which in most cases is based on the performance/non-performance status of the loan, an impairment analysis is conducted based on guidance provided by ASC 310 -10. Impairment is measured by (i) the fair value of the collateral, if the loan is collateral-dependent, (ii) the present value of expected future cash flows discounted at the loan’s contractual effective interest rate, or (iii), less frequently, the loan’s obtainable market price. In addition to originating loans, the Corporation occasionally acquires loans through mergers or loan purchase transactions. Some of these acquired loans may exhibit deteriorated credit quality that has occurred since origination and, as such, the Corporation may not expect to collect all contractual payments. Accounting for these purchased credit-impaired (“PCI”) loans is done in accordance with ASC 310 -30. The loans are recorded at fair value, reflecting the present value of the amounts expected to be collected. Income recognition on these loans is based on a reasonable expectation about the timing and amount of cash flows to be collected. Acquired loans deemed impaired and considered collateral-dependent, with the timing of the sale of loan collateral indeterminate, remain on nonaccrual status and have no accretable yield. On a regular basis, at least quarterly, an assessment is made on PCI loans to determine if there has been any improvement or deterioration of the expected cash flows. If there has been improvement, an adjustment is made to increase the recognition of interest on the PCI loan, as the estimate of expected loss on the loan is reduced. Conversely, if there is deterioration in the expected cash flows of a PCI loan, a Provision is recorded in connection with the loan. |
Loans and Leases Receivable, Troubled Debt Restructuring Policy [Policy Text Block] | I. Troubled Debt Restructurings (“TDR”s) A TDR occurs when a creditor, for economic or legal reasons related to a borrower’s financial difficulties, modifies the original terms of a loan or lease or grants a concession to the borrower that it would not otherwise have granted. A concession may include an extension of repayment terms, a reduction in the interest rate or the forgiveness of principal and/or accrued interest. If the debtor is experiencing financial difficulty and the creditor has granted a concession, the Corporation will make the necessary disclosures related to the TDR. In certain cases, a modification or concession may be made in an effort to retain a customer who is not experiencing financial difficulty. This type of modification is not considered a TDR. |
Other Real Estate Owned [Policy Text Block] | J. Other Real Estate Owned (“OREO”) OREO consists of assets that the Corporation has acquired through foreclosure, by accepting a deed in lieu of foreclosure, or by taking possession of assets that were used as loan collateral. The Corporation reports OREO on the balance sheet as part of other assets, at the lower of cost or fair value less cost to sell, adjusted periodically based on current appraisals. Costs relating to the development or improvement of assets, as well as the costs required to obtain legal title to the property, are capitalized, while costs related to holding the property are charged to expense as incurred. |
Other Investments [Policy Text Block] | K. Other Investments and E quity S tocks W ithout a R eadily D eterminable F air V alue Other investments include Community Reinvestment Act (“CRA”) investments and equity stocks without a readily determinable fair value. The Corporation’s investments in equity stocks include those issued by the Federal Home Loan Bank of Pittsburgh (“FHLB”), the Federal Reserve Bank (“FRB”) and Atlantic Central Bankers Bank. The Corporation is required to hold FHLB stock as a condition of its borrowing funds from the FHLB. As of December 31, 2016, the carrying value of the Corporation’s FHLB stock was $17.3 million. In addition, the Corporation is required to hold FRB stock based on the Corporation’s capital. As of December 31, 2016, the carrying value of the Corporation’s FRB stock was $6.9 million. Ownership of FHLB and FRB stock is restricted and there is no market for these securities. For further information on the FHLB stock, see Note 10 – “Short-Term Borrowings and Long-Term FHLB Advances”. |
Property, Plant and Equipment, Policy [Policy Text Block] | L. Premises and Equipment Premises and equipment are stated at cost, less accumulated depreciation. Depreciation and predetermined rent are recorded using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized over the expected lease term or the estimated useful lives, whichever is shorter. |
Pension and Other Postretirement Plans, Policy [Policy Text Block] | M. Pension and Postretirement Benefit Plan As of December 31, 2016, the Corporation had two non-qualified defined-benefit supplemental executive retirement plans and a postretirement benefit plan as discussed in Note 16 – “Pension and Postretirement Benefit Plans”. Net pension expense related to the defined-benefit consists of service cost, interest cost, return on plan assets, amortization of prior service cost, amortization of transition obligations and amortization of net actuarial gains and losses. Prior to December 31, 2015, the Corporation had a qualified pension plan which was settled on December 31, 2015. As it relates to the costs associated with the post-retirement benefit plan, the costs are recognized as they are incurred. |
Bank Owned Life Insurance [Policy Text Block] | N. Bank Owned Life Insurance (“BOLI”) BOLI is recorded at its cash surrender value. Income from BOLI is tax-exempt and included as a component of non-interest income. |
Derivatives, Policy [Policy Text Block] | O. Derivative Financial Instruments The Corporation recognizes all derivative financial instruments on its balance sheet at fair value. Derivatives that are not hedges must be adjusted to fair value through income. If a derivative has qualified as a hedge, depending on the nature of the hedge, changes in the fair value of the derivative are either offset against the change in fair value of the hedged assets, liabilities, or firm commitments through earnings, or recognized in other comprehensive income until the hedged item is recognized in earnings. The ineffective portion of a derivative’s change in fair value is recognized in earnings immediately. To determine fair value, the Corporation uses valuations obtained from a third party which utilizes a pricing model that incorporates assumptions about market conditions and risks that are current as of the reporting date. Management reviews, annually, the inputs utilized by its independent third -party valuation organization.The Corporation may use interest-rate swap agreements to modify the interest rate characteristics from variable to fixed or fixed to variable in order to reduce the impact of interest rate changes on future net interest income. If present, the Corporation accounts for its interest-rate swap contracts in cash flow hedging relationships by establishing and documenting the effectiveness of the instrument in offsetting the change in cash flows of assets or liabilities that are being hedged. To determine effectiveness, the Corporation performs an analysis to identify if changes in fair value or cash flow of the derivative correlate to the equivalent changes in the forecasted interest receipts or payments related to a specified hedged item. Recorded amounts related to interest-rate swaps are included in other assets or liabilities. The change in fair value of the ineffective part of the instrument would need to be charged to the Statement of Income, potentially causing material fluctuations in reported earnings in the period of the change relative to comparable periods. In a fair value hedge, the fair value of the interest rate swap agreements and changes in the fair value of the hedged items are recorded in the Corporation’s consolidated balance sheets with the corresponding gain or loss being recognized in current earnings. The difference between changes in the fair values of interest rate swap agreements and the hedged items represents hedge ineffectiveness and is recorded in net interest income in the Statement of Income. The Corporation performs an assessment, both at the inception of the hedge and quarterly thereafter, to determine whether these derivatives are highly effective in offsetting changes in the value of the hedged items. In December 2012, the Corporation entered into a $15 million forward-starting interest rate swap in order to hedge the cash flows of a $15 million floating-rate FHLB borrowing. On November 30, 2015, the start date of the swap, the Corporation elected to terminate the swap. |
Compensation Related Costs, Policy [Policy Text Block] | P. Accounting for Stock-Based Compensation Stock-based compensation cost is measured at the grant date, based on the fair value of the award and is recognized as an expense over the vesting period. All share-based payments, including grants of stock options, restricted stock awards and performance-based stock awards, are recognized as compensation expense in the statement of income at their fair value. The fair value of stock option grants is determined using the Black-Scholes pricing model which considers the expected life of the options, the volatility of stock price, risk-free interest rate and annual dividend yield. The fair value of the restricted stock awards and performance-based awards whose performance is measured based on an internally produced metric is based on their closing price on the grant date, while the fair value of the performance-based stock awards which use an external measure, such as total stockholder return, is based on their grant-date fair value adjusted for the likelihood of attaining certain pre-determined performance goals and is calculated by utilizing a Monte Carlo Simulation model. |
Earnings Per Share, Policy [Policy Text Block] | Q. Earnings p er Common Share Basic earnings per common share excludes dilution and is computed by dividing income available to common shareholders by the weighted-average common shares outstanding during the period. Diluted earnings per common share takes into account the potential dilution that would occur if in-the-money stock options were exercised and converted into common shares and restricted stock awards and performance-based stock awards were vested. Proceeds assumed to have been received on options exercises are assumed to be used to purchase shares of the Corporation’s common stock at the average market price during the period, as required by the treasury stock method of accounting. The effects of stock options are excluded from the computation of diluted earnings per share in periods in which the effect would be antidilutive. |
Income Tax, Policy [Policy Text Block] | R. Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Corporation recognizes the benefit of a tax position only after determining that the Corporation would more-likely-than-not sustain the position following an examination. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon settlement with the relevant tax authority. The Corporation applies these criteria to tax positions for which the statute of limitations remains open. |
Revenue Recognition, Policy [Policy Text Block] | S. Revenue Recognition With the exception of nonaccrual loans and leases, the Corporation recognizes all sources of income on the accrual method. Additional information relating to wealth management fee revenue recognition follows: The Corporation earns wealth management fee revenue from a variety of sources including fees from trust administration and other related fiduciary services, custody, investment management and advisory services, employee benefit account and IRA administration, estate settlement, tax service fees, shareholder service fees and brokerage. These fees are generally based on asset values and fluctuate with the market. Some revenue is not directly tied to asset value but is based on a flat fee for services provided. For many of our revenue sources, amounts are not received in the same accounting period in which they are earned. However, each source of wealth management fees is recorded on the accrual method of accounting. The most significant portion of the Corporation’s wealth management fees is derived from trust administration and other related services, custody, investment management and advisory services, and employee benefit account and IRA administration. These fees are generally billed monthly, in arrears, based on the market value of assets at the end of the previous billing period. A smaller number of customers are billed in a similar manner, but on a quarterly or annual basis and some revenues are not based on market values. The balance of the Corporation’s wealth management fees includes estate settlement fees and tax service fees, which are recorded when the related service is performed and asset management and brokerage fees on non-depository investment products, which are received one month in arrears, based on settled transactions, but are accrued in the month the settlement occurs.Included in other assets on the balance sheet is a receivable for wealth management fees that have been earned but not yet collected. Insurance revenue is primarily related to commissions earned on insurance policies and is recognized over the related policy coverage period. |
Mortgage Servicing Rights [Policy Text Block] | T. Mortgage Servicing A portion of the residential mortgage loans originated by the Corporation is sold to third parties; however the Corporation often retains the servicing rights related to these loans. A fee, usually based on a percentage of the outstanding principal balance of the loan, is received in return for these services. Gains on the sale of these loans are based on the specific identification method.An intangible asset, referred to as mortgage servicing rights (“MSR”s) is recognized when a loan’s servicing rights are retained upon sale of a loan. These MSRs amortize to non-interest expense in proportion to, and over the period of, the estimated future net servicing life of the underlying loans. MSRs are evaluated quarterly for impairment based upon the fair value of the rights as compared to their amortized cost. Impairment is determined by stratifying the MSRs by predominant characteristics, such as interest rate and terms. Fair value is determined based upon discounted cash flows using market-based assumptions. Impairment is recognized on the income statement to the extent the fair value is less than the capitalized amount for the stratum. A valuation allowance is utilized to record temporary impairment in MSRs. Temporary impairment is defined as impairment that is not deemed permanent. Permanent impairment is recorded as a reduction of the MSR and is not reversed. |
Statement of Cash Flows [Policy Text Block] | U. Statement of Cash Flows The Corporation’s statement of cash flows details operating, investing and financing activities during the reported periods. |
Goodwill and Intangible Assets, Policy [Policy Text Block] | V. Goodwill and Intangible Assets The Corporation accounts for goodwill and other intangible assets in accordance with ASC 350, “Intangibles – Goodwill and Other.” The goodwill and intangible assets as of December 31, 2016, other than MSRs in Note 1 -T above, are related to the acquisitions of Lau Associates, The Private Wealth Management Group of the Hershey Trust Company (“PWMG”), Davidson Trust Company (“DTC”), PCPB and RJM which are components of the Wealth Management segment, and First Keystone Financial, Inc. (“FKF”), First Bank of Delaware (“FBD”) and CBH, which are components of the Banking segment. The amount of goodwill initially recorded is based on the fair value of the acquired entity at the time of acquisition. Goodwill impairment tests are performed annually, as of October 31, or when events occur or circumstances change that would more likely than not reduce the fair value of the acquisition or investment. Prior to October 31, 2016, the Corporation had performed the goodwill impairment testing as of December 31. During 2016, the Corporation made a voluntary change in the method of applying an accounting principle related to the timing of the annual goodwill impairment assessment from December 31st to October 31st. Management made this decision based on the time intensive nature of the goodwill impairment assessment. Management does not consider this change in impairment testing date to be a material change in application of an accounting principle. Goodwill impairment is tested on a reporting unit level. The Corporation currently has three reporting units: Banking, Wealth Management and Insurance. As of December 31, 2016, the Insurance reporting unit did not meet the quantitative thresholds for separate disclosure as an operating segment and is therefore reported as a component of the Wealth Management segment, based on its internal reporting structure. While the Insurance reporting unit did not meet the threshold for reporting as a separate operating segment, for goodwill and intangible testing, the Insurance segment was tested for impairment. An operating segment is a component of an enterprise that engages in business activities from which it may earn revenues and incur expenses, whose operating results are regularly reviewed by the enterprise’s chief operating decision makers to make decisions about resources to be allocated to the segment and assess its performance, and for which discrete financial information is availableThe Corporation’s impairment testing methodology is consistent with the methodology prescribed in ASC 350. Other intangible assets include core deposit intangibles, which were acquired in the FKF merger, the FBD transaction, and the CBH Merger, customer relationships, trade name and non-competition agreements acquired in connection with the acquisitions of DTC, PWMG, Lau Associates, PCPB and RJM. The customer relationships, non-competition agreement and core deposit intangibles are amortized over the estimated useful lives of the assets. The trade name intangibles have indefinite lives and are evaluated for impairment annually. |
Reclassification, Policy [Policy Text Block] | W. Reclassifications Certain prior year amounts have been reclassified to conform to the current year’s presentation. |
New Accounting Pronouncements, Policy [Policy Text Block] | X. Recent Accounting Pronouncements The following recent accounting pronouncements are divided into pronouncements which have been adopted by the Corporation and those which are not yet effective and have been evaluated or are currently being evaluated by the Corporation as of December 31, 2016. Adopted Pronouncements: FASB ASU 2014 -15 , “ Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern ” Issued on August 15, 2014, ASU 2014 -15 describes how an entity should assess its ability to meet obligations and sets disclosure requirements for how this information should be disclosed in the financial statements. The standard provides accounting guidance that will be used with existing auditing standards. The new standard applies to all entities for the first annual period ending after December 15, 2016, and interim periods thereafter. As of December 31, 2016, the adoption of FASB ASU 2014 -15 has not had an impact on our consolidated financial statements.FASB ASU 2016 -09 (Topic 718), “Improvements to Employee Share-Based Payment Accounting”In March 2016, the FASB issued ASU No. 2016 -09, which changes several aspects of the accounting for share-based payment award transactions, including: (1) Accounting and Cash Flow Classification for Excess Tax Benefits and Deficiencies, (2) Forfeitures, and (3) Tax Withholding Requirements and Cash Flow Classification. The standard is effective for public business entities in annual and interim periods in fiscal years beginning after December 15, 2016. Early adoption is permitted if the entire standard is adopted. If an entity early adopts the standard in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The Corporation early-adopted ASU 2016 -09 during the three months ended September 30, 2016. As a result of the adoption, the Corporation recognized a $565 thousand tax benefit in the Consolidated Statements of Income for the twelve months ended December 31, 2016. The impact of the income tax benefit or expense related to ASU 2016 -09 is treated as a discrete item in the calculation of the year-to-date income tax expense. Also, in accordance with the provisions of ASU 2016 -09, the Corporation presents excess tax benefits as an operating activity in the Consolidated Statement of Cash Flows using a retrospective transition method. Adoption of all other changes did not have an impact on our consolidated financial statements. Pronouncements Not Yet Effective : FASB ASU No. 2014 -0 9 (Topic 606), “ Revenue from Contracts with Customers ” Issued in May 2014, ASU 2014 -09 will require an entity to recognize revenue when it transfers promised goods or services to customers using a five -step model that requires entities to exercise judgment when considering the terms of the contracts. In August 2015, the FASB issued ASU No. 2015 -14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date. This amendment defers the effective date of ASU 2014 -09 by one year. In March 2016, the FASB issued ASU 2016 - 08, “Principal versus Agent Considerations (Reporting Gross versus Net),” which amends the principal versus agent guidance and clarifies that the analysis must focus on whether the entity has control of the goods or services before they are transferred to the customer. In addition, the FASB issued ASU Nos. 2016 -20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers and 2016 -12, Narrow-Scope Improvements and Practical Expedients, both of which provide additional clarification of certain provisions in Topic 606. These Accounting Standards Codification (“ASC”) updates are effective for annual reporting periods beginning after December 15, 2017, but early adoption is permitted. Early adoption is permitted only as of annual reporting periods after December 15, 2016. The standard permits the use of either the retrospective or retrospectively with the cumulative effect transition method. The Corporation is currently in the process of evaluating all revenue streams, accounting policies, practices and reporting to identify and understand any impact on the Corporation’s Consolidated Financial Statements. Our preliminary evaluation suggests that adoption of this guidance is not expected to have a material effect on our Consolidated Financial Statements. FASB ASU 2017 -04 (Topic 350), “Intangibles – Goodwill and Others”Issued in January 2017, ASU 2017 -04 simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. ASU 2017 -04 is effective for annual periods beginning after December 15, 2019 including interim periods within those periods. The Corporation is evaluating the effect that ASU 2017 -04 will have on its consolidated financial statements and related disclosures.FASB ASU 2017 -01 (Topic 805), “Business Combinations”Issued in January 2017, ASU 2017 -01 clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The definition of a business affects many areas of accounting including acquisitions, disposals, goodwill, and consolidation. ASU 2017 -01 is effective for annual periods beginning after December 15, 2017 including interim periods within those periods. The Corporation is evaluating the effect that ASU 2017 -01 will have on its consolidated financial statements and related disclosures.FASB ASU 2016 -1 5 (Topic 32 0 ), “ Classification of Certain Cash Receipts and Cash Payments ” Issued in August 2016, ASU 2016 -15 provides guidance on eight specific cash flow issues and their disclosure in the consolidated statements of cash flows. The issues addressed include debt prepayment, settlement of zero -coupon debt, contingent consideration in business combinations, proceeds from settlement of insurance claims, proceeds from settlement of BOLI, distributions received from equity method investees, beneficial interests in securitization transactions, and separately identifiable cash flows and application of the Predominance principle. 2016 -15 is effective for the annual and interim periods in fiscal years beginning after December 15, 2017, with early adoption permitted. The Corporation is currently evaluating the impact of this guidance and does not anticipate a material impact on its consolidated financial statements.FASB ASU 2016 -13 (Topic 326), “Measurement of Credit Losses on Financial Instruments”Issued in June 2016, ASU 2016 -13 significantly changes how companies measure and recognize credit impairment for many financial assets. The new current expected credit loss model will require companies to immediately recognize an estimate of credit losses expected to occur over the remaining life of the financial assets that are in the scope of the standard. The ASU also makes targeted amendments to the current impairment model for available-for-sale debt securities. ASU 2016 -13 is effective for the annual and interim periods in fiscal years beginning after December 15, 2018, with early adoption permitted. The Corporation is evaluating the effect that ASU 2016 -02 will have on its consolidated financial statements and related disclosures.FASB ASU 2016 -02 (Topic 842), “Leases”Issued in February 2016, ASU 2016 -02 revises the accounting related to lessee accounting. Under the new guidance, lessees will be required to recognize a lease liability and a right-of-use asset for all leases. The new lease guidance also simplifies the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. ASU 2016 -02 is effective for the first interim period within annual periods beginning after December 15, 2018, with early adoption permitted. The standard is required to be adopted using the modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The Corporation is evaluating the effect that ASU 2016 -02 will have on its consolidated financial statements and related disclosures.FASB ASU 2016 -01 (Subtopic 825 -10), “Financial Instruments – Overall, Recognition and Measurement of Financial Assets and Financial Liabilities”Issued in January 2016, ASU 2016 -01 provides that equity investments will be measured at fair value with changes in fair value recognized in net income. When fair value is not readily determinable an entity may elect to measure the equity investment at cost, minus impairment, plus or minus any change in the investment’s observable price. For financial liabilities that are measured at fair value, the amendment requires an entity to present separately, in other comprehensive income, any change in fair value resulting from a change in instrument-specific credit risk. ASU 2016 -01 will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. Entities may apply this guidance on a prospective or retrospective basis. The Corporation is evaluating the effect that ASU 2016 -02 will have on its consolidated financial statements and related disclosures. |
Note 2 - Business Combinations (Tables) |
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Note 3 - Goodwill and Other Intangible Assets (Tables) |
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---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Intangible Assets and Goodwill [Table Text Block] |
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Note 4 - Investment Securities (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities [Table Text Block] |
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Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block] |
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Held-to-maturity Securities [Table Text Block] |
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Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block] |
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Held-to-maturity Securities [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] |
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Available-for-sale Securities [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] |
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Note 5 - Loans and Leases (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] |
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Schedule of Components of Leveraged Lease Investments [Table Text Block] |
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Schedule of Financing Receivables, Non Accrual Status [Table Text Block] |
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Schedule of Information Related to Purchased Credit Impaired Loans [Table Text Block] |
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Schedule of Changes in Accretable Discount Related to Purchased Credit Impaired Loans [Table Text Block] |
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Past Due Financing Receivables [Table Text Block] |
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Allowance for Credit Losses on Financing Receivables [Table Text Block] |
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Schedule of Allowance for Loan Losses by Portfolio Segment [Table Text Block] |
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Loans and Leases Held for Investment by Type [TableText Block] |
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Financing Receivable Credit Quality Indicators [Table Text Block] |
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Financing Receivable by Financial Instrument Performance Status [Table Text Block] |
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Troubled Debt Restructurings on Financing Receivables [Table Text Block] |
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Troubled Debt Restructurings by Modification [Table Text Block] |
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Impaired Financing Receivables [Table Text Block] |
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Loans Acquired Record [Table Text Block] |
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Note 6 - Other Real Estate Owned (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Real Estate, Roll Forward [Table Text Block] |
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Note 7 - Premises and Equipment (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property, Plant and Equipment [Table Text Block] |
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Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] |
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Note 8 - Mortgage Servicing Rights ("MSR"s) (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage Servicing Rights [Table Text Block] |
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Schedule of Valuation Allowance for Impairment of Recognized Servicing Assets [Table Text Block] |
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Fair Value of Mortgage Servicing Rights [Table Text Block] |
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Note 9 - Deposits (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Schedule of Deposits Liabilities [Table Text Block] |
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Schedule of Maturities of Time Deposits [Table Text Block] |
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Schedule of Time Deposit Contractual Maturities [Table Text Block] |
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Note 10 - Short-term Borrowings and Long-term FHLB Advances (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Schedule of Short-term Debt [Table Text Block] |
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Schedule of Additional Information on Short Term Borrowings [TableText Block] |
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Schedule of Maturities of Long-term Debt [Table Text Block] |
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Schedule of Federal Home Loan Bank Advances and Other Borrowings Maturities [Table Text Block] |
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Note 12 - Derivatives and Hedging Activities (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block] |
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Note 13 - Disclosure about Fair Value of Financial Instruments (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] |
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Note 14 - Fair Value Measurement (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block] |
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Note 16 - Pension and Postretirement Benefit Plans (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Schedule of Assumptions Used [Table Text Block] |
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Schedule of Defined Benefit Plans Disclosures [Table Text Block] |
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Schedule of Net Benefit Costs [Table Text Block] |
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Schedule of Expected Benefit Payments [Table Text Block] |
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Note 17 - Accumulated Other Comprehensive Loss (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
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Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] |
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Note 18 - Income Taxes (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
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Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
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Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
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Note 19 - Stock-based Compensation (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Share-based Compensation, Activity [Table Text Block] |
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Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
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Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] |
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Schedule of Nonvested Share Activity [Table Text Block] |
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Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value [Table Text Block] |
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Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block] |
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Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] |
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Schedule of Nonvested Performance-based Units Activity [Table Text Block] |
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Note 20 - Earnings Per Share (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] |
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Note 21 - Other Operating Income (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Other Non-interest Income [Table Text Block] |
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Note 22 - Other Operating Expense (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Non-interest Expense ]Table Text Block] |
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Note 23 - Related Party Transactions (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Related Party Transactions [Table Text Block] |
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Note 26 - Regulatory Capital Requirements (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] |
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Note 27 - Selected Quarterly Financial Data (Unaudited) (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Quarterly Financial Information [Table Text Block] |
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Note 28 - Parent Company - Only Financial Statements (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Balance Sheet [Table Text Block] |
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Condensed Income Statement [Table Text Block] |
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Condensed Cash Flow Statement [Table Text Block] |
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Note 29 - Segment Information (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
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Wealth [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
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Note 1 - Summary of Significant Accounting Policies (Details Textual) $ in Thousands |
2 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Apr. 01, 2015
USD ($)
|
Jan. 01, 2015
USD ($)
shares
|
Oct. 01, 2014
USD ($)
|
Mar. 31, 2017
USD ($)
|
Mar. 31, 2017
USD ($)
|
Dec. 31, 2016
USD ($)
|
Jun. 30, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2012
USD ($)
|
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Number of Service Branches | 25 | 25 | 25 | ||||||||||
Number of Limited-hour Retirement Community Offices | 8 | 8 | 8 | ||||||||||
Number of Limited-service Branches | 1 | 1 | 1 | ||||||||||
Number of Wealth Offices | 5 | 5 | 5 | ||||||||||
Cash Reserve Deposit Required and Made | $ 10,400 | $ 11,700 | $ 10,400 | $ 10,400 | $ 11,700 | ||||||||
Delinquency Period after Which the Accrual of Interest Is Generally Discontinued | 90 days | ||||||||||||
Delinquency Period after Which a Lease Is Charged Off | 120 days | ||||||||||||
Period after Which Nonaccrual Loans and Leases May Be Returned to Accrual Status | 180 days | ||||||||||||
Federal Home Loan Bank Stock | 17,305 | 12,942 | 17,305 | $ 17,305 | 12,942 | ||||||||
Federal Reserve Bank Stock | 6,900 | 6,900 | 6,900 | ||||||||||
Derivative, Notional Amount | 15,000 | $ 15,000 | 15,000 | ||||||||||
Debt Instrument, Face Amount | $ 15,000 | ||||||||||||
Other than Temporary Impairment Losses, Investments | 0 | 0 | $ 0 | ||||||||||
Recognition of Tax Benefit in Consolidated Statements of Income [Member] | |||||||||||||
Current Period Reclassification Adjustment | 565 | ||||||||||||
Forward Contracts [Member] | |||||||||||||
Derivative, Notional Amount | 15,000 | ||||||||||||
Federal Home Loan Bank [Member] | |||||||||||||
Debt Instrument, Face Amount | $ 15,000 | ||||||||||||
Royal Bancshares of Pennsylvania, Inc. [Member] | Scenario, Forecast [Member] | |||||||||||||
Business Combination, Consideration Transferred | $ 127,700 | $ 127,700 | |||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans | 602,000 | 602,000 | |||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposit Liabilities | 630,000 | 630,000 | |||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables | $ 602,000 | $ 602,000 | |||||||||||
Robert J. McAllister Agency, Inc. ("RJM") [Member] | |||||||||||||
Business Combination, Consideration Transferred | $ 1,000 | ||||||||||||
Payments to Acquire Businesses, Gross | $ 500 | ||||||||||||
Business Combination, Payment of Contingent Consideration Installment | $ 85 | ||||||||||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High, Each Installment | $ 100 | ||||||||||||
Business Combination, Number of Remaining Contingent Consideration Installments | 4 | ||||||||||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High, Each Remaining Installment | 100 | $ 100 | 100 | ||||||||||
Continental Bank Holdings, Inc. ("CBH") [Member] | |||||||||||||
Business Combination, Consideration Transferred | $ 125,059 | ||||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposit Liabilities | $ 481,674 | ||||||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares | 3,878,383 | ||||||||||||
Business Combination, Consideration Transferred, Equity Interest, Fair Value of Stock Options | $ 2,343 | ||||||||||||
Business Combination, Consideration Transferred, Equity Interest Cash Out of Certain Warrants | 1,323 | ||||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables | 424,737 | ||||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities | $ 181,838 | ||||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Number of Branches | 10 | ||||||||||||
Powers Craft Parker and Beard (PCPB) [Member] | |||||||||||||
Business Combination, Consideration Transferred | $ 7,024 | ||||||||||||
Payments to Acquire Businesses, Gross | 5,399 | ||||||||||||
Business Combination, Payment of Contingent Consideration Installment | $ 542 | $ 542 | |||||||||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High, Each Installment | 542 | ||||||||||||
Business Combination, Number of Remaining Contingent Consideration Installments | 1 | 2 | |||||||||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High, Each Remaining Installment | $ 542 | $ 542 | 542 | 542 | 542 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities | $ 302 | ||||||||||||
Business Combination, Number of Consideration Installments | 3 | ||||||||||||
Business Combination, Remaining Contingent Consideration Installment | $ 542 | $ 1,100 | $ 542 | $ 542 | $ 1,100 |
Note 2 - Business Combinations (Details Textual) $ in Thousands |
3 Months Ended | 9 Months Ended | 11 Months Ended | 12 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Apr. 01, 2015
USD ($)
|
Jan. 01, 2015
USD ($)
shares
|
Oct. 01, 2014
USD ($)
|
Dec. 31, 2016
USD ($)
|
Jun. 30, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2016
USD ($)
|
Dec. 13, 2016
USD ($)
|
Dec. 13, 2015
USD ($)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2014
USD ($)
|
|
Noninterest Income, Other Operating Income | $ 4,868 | $ 4,849 | $ 4,868 | $ 4,849 | $ 3,083 | |||||||
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group | $ 9,621 | $ 8,987 | $ 9,621 | 9,621 | 8,987 | |||||||
Robert J. McAllister Agency, Inc. ("RJM") [Member] | ||||||||||||
Business Combination, Consideration Transferred | $ 1,000 | |||||||||||
Payments to Acquire Businesses, Gross | $ 500 | |||||||||||
Business Combination, Payment of Contingent Consideration Installment | $ 85 | |||||||||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High, Each Installment | $ 100 | |||||||||||
Business Combination, Number of Remaining Contingent Consideration Installments | 4 | |||||||||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High, Each Remaining Installment | 100 | $ 100 | 100 | |||||||||
Noninterest Income, Other Operating Income | 15 | |||||||||||
Continental Bank Holdings, Inc. ("CBH") [Member] | ||||||||||||
Business Combination, Consideration Transferred | $ 125,059 | |||||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares including Fractional Shares | shares | 3,878,383 | |||||||||||
Business Combination Stock Consideration Conversion Ratio of Shares in Acquirer | 0.45 | |||||||||||
Business Combination, Consideration Transferred, Equity Interest Cash Out of Certain Warrants | $ 1,323 | |||||||||||
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group | $ 507 | |||||||||||
Conversion of Stock, Shares Converted | shares | 8,618,629 | |||||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares | 3,878,383 | |||||||||||
Business Acquisition, Equity Interest, Number of Fractional Shares Paid in Cash | shares | 79 | |||||||||||
Powers Craft Parker and Beard (PCPB) [Member] | ||||||||||||
Business Combination, Consideration Transferred | $ 7,024 | |||||||||||
Payments to Acquire Businesses, Gross | 5,399 | |||||||||||
Business Combination, Payment of Contingent Consideration Installment | $ 542 | $ 542 | ||||||||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High, Each Installment | $ 542 | |||||||||||
Business Combination, Number of Remaining Contingent Consideration Installments | 1 | 2 | ||||||||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High, Each Remaining Installment | $ 542 | $ 542 | 542 | 542 | 542 | |||||||
Business Combination, Number of Consideration Installments | 3 | |||||||||||
Business Combination, Remaining Contingent Consideration Installment | $ 542 | $ 1,100 | $ 542 | $ 542 | $ 1,100 |
Note 2 - Business Combinations - Consideration Paid and Fair Value of Identifiable Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands |
Apr. 01, 2015 |
Jan. 01, 2015 |
Oct. 01, 2014 |
Dec. 31, 2016 |
Jun. 30, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|||
---|---|---|---|---|---|---|---|---|---|---|
Goodwill | $ 104,765 | $ 104,765 | $ 35,781 | |||||||
Continental Bank Holdings, Inc. ("CBH") [Member] | ||||||||||
Value of consideration | $ 125,059 | |||||||||
Cash accounts | 17,934 | |||||||||
Other assets | 17,974 | |||||||||
Total assets | 676,173 | |||||||||
Other liabilities | 6,573 | |||||||||
Total liabilities | 619,466 | |||||||||
Net assets acquired | 56,707 | |||||||||
Goodwill | 68,352 | |||||||||
Common shares issued (3,878,304) | 121,391 | |||||||||
Cash in lieu of fractional shares | 2 | |||||||||
Cash-out of certain warrants | 1,323 | |||||||||
Fair value of options assumed | 2,343 | |||||||||
Investment securities available for sale | 181,838 | |||||||||
Loans* | 424,737 | |||||||||
Premises and equipment | 9,037 | |||||||||
Deferred income taxes | 7,684 | |||||||||
Bank-owned life insurance | 12,054 | |||||||||
Deposits | 481,674 | |||||||||
FHLB and other long-term borrowings | 19,726 | |||||||||
Short-term borrowings | 108,609 | |||||||||
Unfavorable lease liability | 2,884 | |||||||||
Continental Bank Holdings, Inc. ("CBH") [Member] | Core Deposits [Member] | ||||||||||
Intangible assets | 4,191 | |||||||||
Continental Bank Holdings, Inc. ("CBH") [Member] | Off-Market Favorable Lease [Member] | ||||||||||
Intangible assets | 724 | |||||||||
Powers Craft Parker and Beard (PCPB) [Member] | ||||||||||
Cash paid at closing | $ 5,399 | |||||||||
Contingent payment liability | 1,083 | |||||||||
Value of consideration | 7,024 | |||||||||
Cash accounts | 1,274 | |||||||||
Other assets | 850 | |||||||||
Total assets | 8,341 | |||||||||
Deferred tax liability | 2,437 | |||||||||
Other liabilities | 1,818 | |||||||||
Total liabilities | 4,255 | |||||||||
Net assets acquired | 4,086 | |||||||||
Goodwill | 2,938 | |||||||||
Investment securities available for sale | 302 | |||||||||
Premises and equipment | 100 | |||||||||
Label 2 | 542 | |||||||||
Powers Craft Parker and Beard (PCPB) [Member] | Trade Names [Member] | ||||||||||
Intangible assets | 955 | |||||||||
Powers Craft Parker and Beard (PCPB) [Member] | Customer Relationships [Member] | ||||||||||
Intangible assets | 3,280 | |||||||||
Powers Craft Parker and Beard (PCPB) [Member] | Noncompete Agreements [Member] | ||||||||||
Intangible assets | $ 1,580 | |||||||||
Robert J. McAllister Agency, Inc. ("RJM") [Member] | ||||||||||
Cash paid at closing | $ 500 | |||||||||
Contingent payment liability | 500 | |||||||||
Value of consideration | 1,000 | |||||||||
Cash accounts | 20 | |||||||||
Other assets | 4 | |||||||||
Total assets | 705 | |||||||||
Deferred tax liability | 291 | |||||||||
Other liabilities | 46 | |||||||||
Total liabilities | 337 | |||||||||
Net assets acquired | 368 | |||||||||
Goodwill | 632 | |||||||||
Label 2 | $ 100 | |||||||||
Robert J. McAllister Agency, Inc. ("RJM") [Member] | Trade Names [Member] | ||||||||||
Intangible assets | ||||||||||
Robert J. McAllister Agency, Inc. ("RJM") [Member] | Customer Relationships [Member] | ||||||||||
Intangible assets | 424 | |||||||||
Robert J. McAllister Agency, Inc. ("RJM") [Member] | Noncompete Agreements [Member] | ||||||||||
Intangible assets | 257 | |||||||||
Scenario, Previously Reported [Member] | Continental Bank Holdings, Inc. ("CBH") [Member] | ||||||||||
Value of consideration | 125,059 | |||||||||
Cash accounts | 17,934 | |||||||||
Other assets | 18,085 | |||||||||
Total assets | 676,820 | |||||||||
Other liabilities | 4,706 | |||||||||
Total liabilities | 617,599 | |||||||||
Net assets acquired | 59,221 | |||||||||
Goodwill | 65,838 | |||||||||
Common shares issued (3,878,304) | 121,391 | |||||||||
Cash in lieu of fractional shares | 2 | |||||||||
Cash-out of certain warrants | 1,323 | |||||||||
Fair value of options assumed | 2,343 | |||||||||
Investment securities available for sale | 181,838 | |||||||||
Loans* | [1] | 426,601 | ||||||||
Premises and equipment | 9,037 | |||||||||
Deferred income taxes | 6,288 | |||||||||
Bank-owned life insurance | 12,054 | |||||||||
Deposits | 481,674 | |||||||||
FHLB and other long-term borrowings | 19,726 | |||||||||
Short-term borrowings | 108,609 | |||||||||
Unfavorable lease liability | 2,884 | |||||||||
Scenario, Previously Reported [Member] | Continental Bank Holdings, Inc. ("CBH") [Member] | Core Deposits [Member] | ||||||||||
Intangible assets | 4,191 | |||||||||
Scenario, Previously Reported [Member] | Continental Bank Holdings, Inc. ("CBH") [Member] | Off-Market Favorable Lease [Member] | ||||||||||
Intangible assets | 792 | |||||||||
Scenario, Previously Reported [Member] | Robert J. McAllister Agency, Inc. ("RJM") [Member] | ||||||||||
Cash paid at closing | 500 | |||||||||
Contingent payment liability | 500 | |||||||||
Value of consideration | 1,000 | |||||||||
Cash accounts | 20 | |||||||||
Other assets | 4 | |||||||||
Total assets | 834 | |||||||||
Deferred tax liability | 336 | |||||||||
Other liabilities | 46 | |||||||||
Total liabilities | 382 | |||||||||
Net assets acquired | 452 | |||||||||
Goodwill | 548 | |||||||||
Scenario, Previously Reported [Member] | Robert J. McAllister Agency, Inc. ("RJM") [Member] | Trade Names [Member] | ||||||||||
Intangible assets | 129 | |||||||||
Scenario, Previously Reported [Member] | Robert J. McAllister Agency, Inc. ("RJM") [Member] | Customer Relationships [Member] | ||||||||||
Intangible assets | 424 | |||||||||
Scenario, Previously Reported [Member] | Robert J. McAllister Agency, Inc. ("RJM") [Member] | Noncompete Agreements [Member] | ||||||||||
Intangible assets | 257 | |||||||||
Restatement Adjustment [Member] | Continental Bank Holdings, Inc. ("CBH") [Member] | ||||||||||
Value of consideration | ||||||||||
Cash accounts | ||||||||||
Other assets | (111) | |||||||||
Total assets | (647) | |||||||||
Other liabilities | 1,867 | |||||||||
Total liabilities | 1,867 | |||||||||
Net assets acquired | (2,514) | |||||||||
Goodwill | 2,514 | |||||||||
Common shares issued (3,878,304) | ||||||||||
Cash in lieu of fractional shares | ||||||||||
Cash-out of certain warrants | ||||||||||
Fair value of options assumed | ||||||||||
Investment securities available for sale | ||||||||||
Loans* | [1] | (1,864) | ||||||||
Premises and equipment | ||||||||||
Deferred income taxes | 1,396 | |||||||||
Bank-owned life insurance | ||||||||||
Deposits | ||||||||||
FHLB and other long-term borrowings | ||||||||||
Short-term borrowings | ||||||||||
Unfavorable lease liability | ||||||||||
Restatement Adjustment [Member] | Continental Bank Holdings, Inc. ("CBH") [Member] | Core Deposits [Member] | ||||||||||
Intangible assets | ||||||||||
Restatement Adjustment [Member] | Continental Bank Holdings, Inc. ("CBH") [Member] | Off-Market Favorable Lease [Member] | ||||||||||
Intangible assets | $ (68) | |||||||||
Restatement Adjustment [Member] | Robert J. McAllister Agency, Inc. ("RJM") [Member] | ||||||||||
Cash paid at closing | ||||||||||
Contingent payment liability | ||||||||||
Value of consideration | ||||||||||
Cash accounts | ||||||||||
Other assets | ||||||||||
Total assets | (129) | |||||||||
Deferred tax liability | (45) | |||||||||
Other liabilities | ||||||||||
Total liabilities | (45) | |||||||||
Net assets acquired | (84) | |||||||||
Goodwill | 84 | |||||||||
Restatement Adjustment [Member] | Robert J. McAllister Agency, Inc. ("RJM") [Member] | Trade Names [Member] | ||||||||||
Intangible assets | (129) | |||||||||
Restatement Adjustment [Member] | Robert J. McAllister Agency, Inc. ("RJM") [Member] | Customer Relationships [Member] | ||||||||||
Intangible assets | ||||||||||
Restatement Adjustment [Member] | Robert J. McAllister Agency, Inc. ("RJM") [Member] | Noncompete Agreements [Member] | ||||||||||
Intangible assets | ||||||||||
|
Note 2 - Business Combinations - Consideration Paid and Fair Value of Identifiable Assets Acquired and Liabilities Assumed (Details) (Parentheticals) |
Jan. 01, 2015
shares
|
---|---|
Continental Bank Holdings, Inc. ("CBH") [Member] | |
Common shares issued (in shares) | 3,878,383 |
Note 2 - Business Combinations - Pro Forma Income Statements (Details) - USD ($) $ / shares in Units, $ in Thousands |
3 Months Ended | 12 Months Ended | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
||||||||||||||||
Net interest income | $ 26,990 | $ 26,717 | $ 26,627 | $ 25,902 | $ 25,429 | $ 24,833 | $ 25,070 | $ 24,795 | $ 106,236 | $ 100,127 | $ 76,828 | |||||||||||||||
Net interest income after provision for loan and lease losses | 101,910 | 95,731 | 75,944 | |||||||||||||||||||||||
Non-interest income | 54,039 | 55,960 | 48,322 | |||||||||||||||||||||||
Non-interest expense | 101,745 | 125,765 | 81,418 | |||||||||||||||||||||||
Income before income taxes | 14,092 | 13,720 | 13,743 | 12,649 | (9,631) | 11,580 | 12,415 | 11,562 | 54,204 | 25,926 | 42,848 | |||||||||||||||
Income taxes | 4,684 | 4,346 | 4,810 | 4,328 | (3,276) | 4,084 | 4,296 | 4,068 | 18,168 | 9,172 | 15,005 | |||||||||||||||
Net Income | $ 9,408 | $ 9,374 | $ 8,933 | $ 8,321 | $ (6,355) | $ 7,496 | $ 8,119 | $ 7,494 | $ 36,036 | $ 16,754 | $ 27,843 | |||||||||||||||
Weighted-average basic shares outstanding (in shares) | [1] | 16,859,623 | 17,488,325 | 13,566,239 | ||||||||||||||||||||||
Dilutive shares (in shares) | 168,499 | 267,996 | 294,801 | |||||||||||||||||||||||
Adjusted weighted-average diluted shares (in shares) | 17,028,122 | 17,756,321 | 13,861,040 | |||||||||||||||||||||||
Basic earnings per common share* (in dollars per share) | $ 0.56 | [2] | $ 0.56 | [2] | $ 0.53 | [2] | $ 0.49 | [2] | $ (0.37) | [2] | $ 0.43 | [2] | $ 0.46 | [2] | $ 0.43 | [2] | $ 2.14 | $ 0.96 | $ 2.05 | |||||||
Diluted earnings per common share* (in dollars per share) | $ 0.55 | [2] | $ 0.55 | [2] | $ 0.52 | [2] | $ 0.49 | [2] | $ (0.37) | [2] | $ 0.42 | [2] | $ 0.45 | [2] | $ 0.42 | [2] | $ 2.12 | $ 0.94 | $ 2.01 | |||||||
Pro Forma [Member] | ||||||||||||||||||||||||||
Net interest income | $ 106,236 | $ 100,127 | $ 100,609 | |||||||||||||||||||||||
Provision for loan and lease losses | 4,326 | 4,396 | 2,041 | |||||||||||||||||||||||
Net interest income after provision for loan and lease losses | 101,910 | 95,731 | 98,568 | |||||||||||||||||||||||
Non-interest income | 54,039 | 55,960 | 51,836 | |||||||||||||||||||||||
Non-interest expense | 101,745 | 125,765 | 100,011 | |||||||||||||||||||||||
Income before income taxes | 54,204 | 25,926 | 50,393 | |||||||||||||||||||||||
Income taxes | 18,168 | 9,172 | 17,673 | |||||||||||||||||||||||
Net Income | $ 36,036 | $ 16,754 | $ 32,720 | |||||||||||||||||||||||
Weighted-average basic shares outstanding (in shares) | [3] | 16,859,623 | 17,488,325 | 17,444,543 | ||||||||||||||||||||||
Dilutive shares (in shares) | [3] | 168,499 | 267,996 | 373,384 | ||||||||||||||||||||||
Adjusted weighted-average diluted shares (in shares) | [3] | 17,028,122 | 17,756,321 | 17,817,927 | ||||||||||||||||||||||
Basic earnings per common share* (in dollars per share) | [3] | $ 2.14 | $ 0.96 | $ 1.88 | ||||||||||||||||||||||
Diluted earnings per common share* (in dollars per share) | [3] | $ 2.12 | $ 0.94 | $ 1.84 | ||||||||||||||||||||||
|
Note 2 - Business Combinations - Costs Identified and Due Diligence, Merger-related and Merger Integration Costs (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Advertising | $ 162 | $ 10 | |
Employee benefits | 258 | 23 | |
Furniture, fixtures and equipment | 159 | 9 | |
Information technology | 1,168 | 44 | |
Professional fees | 2,471 | 1,340 | |
Salaries and wages | 1,868 | 346 | |
Other | 584 | 601 | |
Total due diligence and merger-related expenses | $ 6,670 | $ 2,373 |
Note 3 - Goodwill and Other Intangible Assets (Details Textual) - USD ($) $ in Thousands |
12 Months Ended | |
---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Goodwill, Impairment Loss | $ 0 | $ 0 |
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $ 0 | $ 0 |
Note 3 - Goodwill and Other Intangible Assets - Goodwill and Intangible Assets Related to Acquisitions (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Goodwill | $ 104,765 | $ 35,781 | |
Goodwill additions/adjustments | 68,984 | ||
Goodwill amortization | 0 | 0 | |
Goodwill | 104,765 | 104,765 | $ 35,781 |
Intangible assets | 23,903 | 22,521 | |
Intangible assets additions/adjustments | 5,596 | ||
Intangible asset amortization | (3,498) | (4,214) | (2,659) |
Intangible assets | 20,405 | 23,903 | 22,521 |
Intangible asset amortization | (3,498) | (4,214) | |
Grand total | 128,668 | 58,302 | |
Grand total | 74,580 | ||
Grand total | 125,170 | 128,668 | 58,302 |
Core Deposits [Member] | |||
Intangible assets | 4,272 | 1,066 | |
Intangible assets additions/adjustments | 4,191 | ||
Intangible asset amortization | (825) | (985) | |
Intangible assets | $ 3,447 | $ 4,272 | 1,066 |
Intangible asset amortization period (Year) | 10 years | 10 years | |
Customer Relationships [Member] | |||
Intangible assets | $ 14,384 | $ 15,562 | |
Intangible assets additions/adjustments | 424 | ||
Intangible asset amortization | (1,328) | (1,602) | |
Intangible assets | $ 13,056 | $ 14,384 | 15,562 |
Customer Relationships [Member] | Minimum [Member] | |||
Intangible asset amortization period (Year) | 10 years | 10 years | |
Customer Relationships [Member] | Maximum [Member] | |||
Intangible asset amortization period (Year) | 20 years | 20 years | |
Noncompete Agreements [Member] | |||
Intangible assets | $ 2,932 | $ 3,728 | |
Intangible assets additions/adjustments | 257 | ||
Intangible asset amortization | (1,298) | (1,053) | |
Intangible assets | $ 1,634 | $ 2,932 | 3,728 |
Noncompete Agreements [Member] | Minimum [Member] | |||
Intangible asset amortization period (Year) | 5 years | 5 years | |
Noncompete Agreements [Member] | Maximum [Member] | |||
Intangible asset amortization period (Year) | 10 years | 10 years | |
Trade Names [Member] | |||
Intangible assets | $ 2,165 | $ 2,165 | |
Intangible assets additions/adjustments | |||
Intangible asset amortization | |||
Intangible assets | 2,165 | 2,165 | 2,165 |
Off-Market Favorable Lease [Member] | |||
Intangible assets | 150 | ||
Intangible assets additions/adjustments | 724 | ||
Intangible asset amortization | (47) | (574) | |
Intangible assets | $ 103 | $ 150 | |
Off-Market Favorable Lease [Member] | Minimum [Member] | |||
Intangible asset amortization period (Year) | 1 year 150 days | 1 year 150 days | |
Off-Market Favorable Lease [Member] | Maximum [Member] | |||
Intangible asset amortization period (Year) | 6 years 90 days | 6 years 90 days | |
Wealth [Member] | |||
Goodwill | $ 20,412 | $ 20,412 | |
Goodwill additions/adjustments | |||
Goodwill amortization | |||
Goodwill | 20,412 | 20,412 | 20,412 |
Banking [Member] | |||
Goodwill | 80,783 | 12,431 | |
Goodwill additions/adjustments | 68,352 | ||
Goodwill amortization | |||
Goodwill | 80,783 | 80,783 | 12,431 |
Insurance [Member] | |||
Goodwill | 3,570 | 2,938 | |
Goodwill additions/adjustments | 632 | ||
Goodwill amortization | |||
Goodwill | $ 3,570 | $ 3,570 | $ 2,938 |
Note 4 - Investment Securities (Details Textual) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Available-for-sale Securities Pledged as Collateral | $ 119,400 | ||
Available-for-sale Securities, Amortized Cost Basis | 568,890 | $ 347,776 | |
Available-for-sale Securities | 566,996 | 348,966 | |
Proceeds from Sale and Maturity of Available-for-sale Securities | 276 | 64,900 | $ 24,400 |
Gain (Loss) on Sale of Investments | (77) | 931 | $ 471 |
Trading Securities | 3,888 | 3,950 | |
Held-to-maturity Securities | 2,879 | 0 | |
Mutual Funds [Member] | |||
Available-for-sale Securities, Amortized Cost Basis | 15,300 | 15,600 | |
Available-for-sale Securities | $ 15,200 | $ 15,200 |
Note 4 - Investment Securities - Amortized Cost and Fair Value of Available for Sale Investment Securities (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Amortized Cost | $ 568,890 | $ 347,776 |
Gross Unrealized Gains | 1,669 | 2,279 |
Gross Unrealized Losses | (3,563) | (1,089) |
Fair Value | 566,996 | 348,966 |
US Treasury Securities [Member] | ||
Amortized Cost | 200,094 | 101 |
Gross Unrealized Gains | 3 | |
Gross Unrealized Losses | (1) | |
Fair Value | 200,097 | 100 |
US Government Agencies Debt Securities [Member] | ||
Amortized Cost | 83,111 | 101,342 |
Gross Unrealized Gains | 167 | 470 |
Gross Unrealized Losses | (1,080) | (317) |
Fair Value | 82,198 | 101,495 |
US States and Political Subdivisions Debt Securities [Member] | ||
Amortized Cost | 33,625 | 41,892 |
Gross Unrealized Gains | 26 | 123 |
Gross Unrealized Losses | (121) | (49) |
Fair Value | 33,530 | 41,966 |
Collateralized Mortgage Backed Securities [Member] | ||
Amortized Cost | 185,997 | 157,422 |
Gross Unrealized Gains | 1,260 | 1,482 |
Gross Unrealized Losses | (1,306) | (215) |
Fair Value | 185,951 | 158,689 |
Collateralized Mortgage Obligations [Member] | ||
Amortized Cost | 49,488 | 29,756 |
Gross Unrealized Gains | 108 | 166 |
Gross Unrealized Losses | (902) | (123) |
Fair Value | 48,694 | 29,799 |
Other Debt Obligations [Member] | ||
Amortized Cost | 16,575 | 17,263 |
Gross Unrealized Gains | 105 | 38 |
Gross Unrealized Losses | (154) | (384) |
Fair Value | $ 16,526 | $ 16,917 |
Note 4 - Investment Securities - Amount of Investment Securities Available for Sale in Unrealized Loss Position (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Less than 12 Months Fair Value | $ 226,288 | $ 134,699 |
Less than 12 Months Unrealized Losses | (3,502) | (902) |
12 Months or Longer Fair Value | 11,895 | 16,262 |
12 Months or Longer Unrealized Losses | (61) | (187) |
Total Fair Value | 238,183 | 150,961 |
Total Unrealized Losses | (3,563) | (1,089) |
US Treasury Securities [Member] | ||
Less than 12 Months Fair Value | 62,211 | 100 |
Less than 12 Months Unrealized Losses | (1,080) | (1) |
12 Months or Longer Fair Value | ||
12 Months or Longer Unrealized Losses | ||
Total Fair Value | 62,211 | 100 |
Total Unrealized Losses | (1,080) | (1) |
US States and Political Subdivisions Debt Securities [Member] | ||
Less than 12 Months Fair Value | 24,482 | 18,725 |
Less than 12 Months Unrealized Losses | (121) | (46) |
12 Months or Longer Fair Value | 2,016 | |
12 Months or Longer Unrealized Losses | (3) | |
Total Fair Value | 24,482 | 20,741 |
Total Unrealized Losses | (121) | (49) |
US Government Agencies Debt Securities [Member] | ||
Less than 12 Months Fair Value | 49,759 | |
Less than 12 Months Unrealized Losses | (317) | |
12 Months or Longer Fair Value | ||
12 Months or Longer Unrealized Losses | ||
Total Fair Value | 49,759 | |
Total Unrealized Losses | (317) | |
Collateralized Mortgage Backed Securities [Member] | ||
Less than 12 Months Fair Value | 101,433 | 55,763 |
Less than 12 Months Unrealized Losses | (1,306) | (215) |
12 Months or Longer Fair Value | ||
12 Months or Longer Unrealized Losses | ||
Total Fair Value | 101,433 | 55,763 |
Total Unrealized Losses | (1,306) | (215) |
Collateralized Mortgage Obligations [Member] | ||
Less than 12 Months Fair Value | 35,959 | 6,407 |
Less than 12 Months Unrealized Losses | (902) | (85) |
12 Months or Longer Fair Value | 2,436 | |
12 Months or Longer Unrealized Losses | (38) | |
Total Fair Value | 35,959 | 8,843 |
Total Unrealized Losses | (902) | (123) |
Other Debt Obligations [Member] | ||
Less than 12 Months Fair Value | 2,203 | 3,945 |
Less than 12 Months Unrealized Losses | (93) | (238) |
12 Months or Longer Fair Value | 11,895 | 11,810 |
12 Months or Longer Unrealized Losses | (61) | (146) |
Total Fair Value | 14,098 | 15,755 |
Total Unrealized Losses | $ (154) | $ (384) |
Note 4 - Investment Securities - Investment Securities Available for Sale Classified by Contractual Maturity (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
||||||
---|---|---|---|---|---|---|---|---|
Due in one year or less, amortized cost | $ 213,876 | [1] | $ 9,570 | [2] | ||||
Due in one year or less, fair value | 213,885 | [1] | 9,574 | [2] | ||||
Due after one year through five years, amortized cost | 40,335 | [1] | 61,368 | [2] | ||||
Due after one year through five years, fair value | 40,270 | [1] | 61,467 | [2] | ||||
Due after five years through ten years, amortized cost | 45,840 | [1] | 53,193 | [2] | ||||
Due after five years through ten years, fair value | 44,914 | [1] | 53,070 | [2] | ||||
Due after ten years, amortized cost | 18,079 | [1] | 20,904 | [2] | ||||
Due after ten years, fair value | 18,055 | [1] | 21,141 | [2] | ||||
Subtotal, amortized cost | 318,130 | [1] | 145,035 | [2] | ||||
Subtotal, fair value | 317,124 | [1] | 145,252 | [2] | ||||
Securities with no stated maturity, amortized cost | 235,485 | 187,178 | ||||||
Securities with no stated maturity, fair value | 234,644 | 188,488 | ||||||
Total, amortized cost | 553,615 | 332,213 | ||||||
Total, fair value | $ 551,768 | $ 333,740 | ||||||
|
Note 4 - Investment Securities - Amortized Cost and Fair Value of Held to Maturity Investment Securities (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Held-to-maturity Securities | $ 2,879 | $ 0 |
Gross Unrealized Gains | ||
Gross Unrealized Losses | (61) | |
Fair Value | 2,818 | $ 0 |
Collateralized Mortgage Backed Securities [Member] | ||
Held-to-maturity Securities | 2,879 | |
Gross Unrealized Gains | ||
Gross Unrealized Losses | (61) | |
Fair Value | $ 2,818 |
Note 4 - Investment Securities - Amount of Investment Securities Held to Maturity in Unrealized Loss Position (Details) $ in Thousands |
Dec. 31, 2015
USD ($)
|
---|---|
Less than 12 Months Fair Value | $ 2,818 |
Less than 12 Months Unrealized Losses | (61) |
12 Months or Longer Fair Value | |
12 Months or Longer Unrealized Losses | |
Total Fair Value | 2,818 |
Total Unrealized Losses | (61) |
Collateralized Mortgage Backed Securities [Member] | |
Less than 12 Months Fair Value | 2,818 |
Less than 12 Months Unrealized Losses | (61) |
12 Months or Longer Fair Value | |
12 Months or Longer Unrealized Losses | |
Total Fair Value | 2,818 |
Total Unrealized Losses | $ (61) |
Note 4 - Investment Securities - Investment Securities Held to Maturity Classified by Contractual Maturity (Details) $ in Thousands |
Dec. 31, 2016
USD ($)
|
|||
---|---|---|---|---|
Amortized cost | $ 2,879 | |||
Fair value | 2,818 | |||
Collateralized Mortgage Backed Securities [Member] | ||||
Amortized cost | 2,879 | [1] | ||
Fair value | $ 2,818 | [1] | ||
|
Note 5 - Loans and Leases (Details Textual) xbrli-pure in Thousands, $ in Thousands |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Dec. 13, 2016
USD ($)
|
Dec. 31, 2014
USD ($)
|
|
Loans and Leases Receivable, Purchased Credit Impaired became Non-Performing Subsequent to Acquisition | $ 344 | $ 661 | ||
Purchased Credit Impaired Loans Without Estimate of Expected Cash Flows Recorded Investment | 368 | 699 | ||
Financing Receivable, Recorded Investment, Current | 2,253,143 | $ 2,524,036 | ||
Impaired Financing Receivable, Recorded Investment | $ 14,174 | 14,386 | $ 13,649 | |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | |||
Finance Leases Portfolio Segment [Member] | ||||
Financing Receivable, Recorded Investment, Current | 51,280 | $ 55,492 | ||
Originated Loans [Member] | ||||
Financing Receivable, Recorded Investment, Current | $ 2,233,972 | 1,872,133 | ||
Originated Loans [Member] | Finance Leases Portfolio Segment [Member] | ||||
Financing Receivable, Recorded Investment, Current | 55,492 | 51,280 | ||
Acquired Loans [Member] | ||||
Financing Receivable, Recorded Investment, Current | 290,064 | 381,010 | ||
Impaired Loans Without Related Allowance [Member] | Finance Leases Portfolio Segment [Member] | ||||
Impaired Financing Receivable, Recorded Investment | 240 | 77 | $ 32 | |
Administratively Delinquent [Member] | ||||
Financing Receivable, Recorded Investment, Current | 15,300 | 10,500 | ||
Administratively Delinquent [Member] | Originated Loans [Member] | ||||
Financing Receivable, Recorded Investment, Current | 13,500 | 10,100 | ||
Administratively Delinquent [Member] | Acquired Loans [Member] | ||||
Financing Receivable, Recorded Investment, Current | $ 1,800 | $ 418 |
Note 5 - Loans and Leases - Corporations Portfolio Loans and Leases (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 13, 2016 |
Dec. 31, 2015 |
---|---|---|---|
Loans held for sale | $ 9,621 | $ 8,987 | |
Portfolio loans and leases | 2,535,425 | $ 2,535,425 | 2,268,988 |
Total loans and leases | 2,545,046 | 2,277,975 | |
Loans with fixed rates | 1,130,172 | 1,103,622 | |
Loans with adjustable or floating rates | 1,414,874 | 1,174,353 | |
Net deferred loan origination fees included in the above loan table | (735) | (70) | |
Real Estate Portfolio Segment [Member] | |||
Real estate loans | 1,874,401 | 1,670,557 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | |||
Real estate loans | 1,110,898 | 964,259 | |
Portfolio loans and leases | 1,110,898 | 1,110,898 | 964,259 |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||
Real estate loans | 207,999 | 209,473 | |
Portfolio loans and leases | 207,999 | 207,999 | 209,473 |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | |||
Real estate loans | 413,540 | 406,404 | |
Portfolio loans and leases | 413,540 | 413,540 | 406,404 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Real estate loans | 141,964 | 90,421 | |
Portfolio loans and leases | 141,964 | 141,964 | 90,421 |
Commercial Portfolio Segment [Member] | |||
Commercial and industrial | 579,791 | 524,515 | |
Portfolio loans and leases | 579,791 | 579,791 | 524,515 |
Consumer Portfolio Segment [Member] | |||
Portfolio loans and leases | 25,341 | 25,341 | 22,129 |
Finance Leases Portfolio Segment [Member] | |||
Portfolio loans and leases | 55,892 | $ 55,892 | 51,787 |
Originated Loans [Member] | |||
Loans held for sale | 9,621 | 8,987 | |
Portfolio loans and leases | 2,240,987 | 1,883,869 | |
Total loans and leases | 2,250,608 | 1,892,856 | |
Loans with fixed rates | 992,917 | 932,575 | |
Loans with adjustable or floating rates | 1,257,691 | 960,281 | |
Net deferred loan origination fees included in the above loan table | (735) | (70) | |
Originated Loans [Member] | Real Estate Portfolio Segment [Member] | |||
Real estate loans | 1,609,561 | 1,347,402 | |
Originated Loans [Member] | Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | |||
Real estate loans | 946,879 | 772,571 | |
Portfolio loans and leases | 946,879 | 772,571 | |
Originated Loans [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||
Real estate loans | 178,450 | 171,189 | |
Portfolio loans and leases | 178,450 | 171,189 | |
Originated Loans [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | |||
Real estate loans | 342,268 | 316,487 | |
Portfolio loans and leases | 342,268 | 316,487 | |
Originated Loans [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Real estate loans | 141,964 | 87,155 | |
Portfolio loans and leases | 141,964 | 87,155 | |
Originated Loans [Member] | Commercial Portfolio Segment [Member] | |||
Commercial and industrial | 550,334 | 462,746 | |
Portfolio loans and leases | 550,334 | 462,746 | |
Originated Loans [Member] | Consumer Portfolio Segment [Member] | |||
Portfolio loans and leases | 25,200 | 21,934 | |
Originated Loans [Member] | Finance Leases Portfolio Segment [Member] | |||
Portfolio loans and leases | 55,892 | 51,787 | |
Acquired Loans [Member] | |||
Portfolio loans and leases | 294,438 | 385,119 | |
Total loans and leases | 294,438 | 385,119 | |
Loans with fixed rates | 137,255 | 171,047 | |
Loans with adjustable or floating rates | 157,183 | 214,072 | |
Acquired Loans [Member] | Real Estate Portfolio Segment [Member] | |||
Real estate loans | 264,840 | 323,155 | |
Acquired Loans [Member] | Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | |||
Real estate loans | 164,019 | 191,688 | |
Portfolio loans and leases | 164,019 | 191,688 | |
Acquired Loans [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||
Real estate loans | 29,549 | 38,284 | |
Portfolio loans and leases | 29,549 | 38,284 | |
Acquired Loans [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | |||
Real estate loans | 71,272 | 89,917 | |
Portfolio loans and leases | 71,272 | 89,917 | |
Acquired Loans [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Real estate loans | 3,266 | ||
Portfolio loans and leases | 3,266 | ||
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | |||
Commercial and industrial | 29,457 | 61,769 | |
Portfolio loans and leases | 29,457 | 61,769 | |
Acquired Loans [Member] | Consumer Portfolio Segment [Member] | |||
Portfolio loans and leases | 141 | 195 | |
Acquired Loans [Member] | Finance Leases Portfolio Segment [Member] | |||
Portfolio loans and leases |
Note 5 - Loans and Leases - Components of Net Investments in Leases (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Minimum lease payments receivable | $ 62,379 | $ 58,422 |
Unearned lease income | (8,608) | (8,919) |
Initial direct costs and deferred fees | 2,121 | 2,284 |
Total | $ 55,892 | $ 51,787 |
Note 5 - Loans and Leases - Non-performing Loans and Leases (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 13, 2016 |
Dec. 31, 2015 |
---|---|---|---|
Non-accrual loans and leases | $ 8,363 | $ 8,363 | $ 10,244 |
Originated Loans [Member] | |||
Non-accrual loans and leases | 5,168 | 7,118 | |
Acquired Loans [Member] | |||
Non-accrual loans and leases | 3,195 | 3,126 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | |||
Non-accrual loans and leases | 320 | 320 | 829 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Originated Loans [Member] | |||
Non-accrual loans and leases | 265 | 279 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Acquired Loans [Member] | |||
Non-accrual loans and leases | 55 | 550 | |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||
Non-accrual loans and leases | 2,289 | 2,289 | 2,027 |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Originated Loans [Member] | |||
Non-accrual loans and leases | 2,169 | 1,788 | |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Acquired Loans [Member] | |||
Non-accrual loans and leases | 120 | 239 | |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | |||
Non-accrual loans and leases | 2,658 | 2,658 | 3,212 |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Originated Loans [Member] | |||
Non-accrual loans and leases | 1,654 | 1,964 | |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | |||
Non-accrual loans and leases | 1,004 | 1,248 | |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Non-accrual loans and leases | 34 | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Originated Loans [Member] | |||
Non-accrual loans and leases | 34 | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Acquired Loans [Member] | |||
Non-accrual loans and leases | |||
Commercial Portfolio Segment [Member] | |||
Non-accrual loans and leases | 2,957 | 2,957 | 4,133 |
Commercial Portfolio Segment [Member] | Originated Loans [Member] | |||
Non-accrual loans and leases | 941 | 3,044 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | |||
Non-accrual loans and leases | 2,016 | 1,089 | |
Consumer Portfolio Segment [Member] | |||
Non-accrual loans and leases | 2 | 2 | |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | |||
Non-accrual loans and leases | 2 | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | |||
Non-accrual loans and leases | |||
Finance Leases Portfolio Segment [Member] | |||
Non-accrual loans and leases | 137 | $ 137 | 9 |
Finance Leases Portfolio Segment [Member] | Originated Loans [Member] | |||
Non-accrual loans and leases | $ 137 | $ 9 |
Note 5 - Loans and Leases - Outstanding Principal Balance and Related Carrying Amount of Credit-Impaired Loans (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
||
---|---|---|---|---|
Outstanding principal balance | $ 18,091 | $ 24,879 | ||
Carrying amount(1) | [1] | $ 12,432 | $ 16,846 | |
|
Note 5 - Loans and Leases - Changes in Accretable Discount on Purchased Credit-impaired Loans (Details) $ in Thousands |
12 Months Ended |
---|---|
Dec. 31, 2016
USD ($)
| |
Balance | $ 6,115 |
Accretion | (1,858) |
Reclassifications from nonaccretable difference | 182 |
Additions/adjustments | 68 |
Disposals | (1,274) |
Balance | $ 3,233 |
Note 5 - Loans and Leases - Aging of All Portfolio Loans and Leases (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 13, 2016 |
Dec. 31, 2015 |
---|---|---|---|
Past Due | $ 3,026 | $ 5,601 | |
Current | 2,524,036 | 2,253,143 | |
Total Accruing Loans and Leases | 2,527,062 | 2,258,744 | |
Nonaccrual Loans and Leases | $ 8,363 | 8,363 | 10,244 |
Portfolio loans and leases | 2,535,425 | 2,535,425 | 2,268,988 |
Originated Loans [Member] | |||
Past Due | 1,848 | 4,618 | |
Current | 2,233,972 | 1,872,133 | |
Total Accruing Loans and Leases | 2,235,820 | 1,876,751 | |
Nonaccrual Loans and Leases | 5,168 | 7,118 | |
Portfolio loans and leases | 2,240,987 | 1,883,869 | |
Acquired Loans [Member] | |||
Past Due | 1,178 | 983 | |
Current | 290,064 | 381,010 | |
Total Accruing Loans and Leases | 291,242 | 381,993 | |
Nonaccrual Loans and Leases | 3,195 | 3,126 | |
Portfolio loans and leases | 294,438 | 385,119 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | |||
Past Due | 1,388 | 1,337 | |
Current | 1,109,190 | 962,093 | |
Total Accruing Loans and Leases | 1,110,578 | 963,430 | |
Nonaccrual Loans and Leases | 320 | 320 | 829 |
Portfolio loans and leases | 1,110,898 | 1,110,898 | 964,259 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Originated Loans [Member] | |||
Past Due | 722 | 1,171 | |
Current | 945,892 | 771,121 | |
Total Accruing Loans and Leases | 946,614 | 772,292 | |
Nonaccrual Loans and Leases | 265 | 279 | |
Portfolio loans and leases | 946,879 | 772,571 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Acquired Loans [Member] | |||
Past Due | 666 | 166 | |
Current | 163,298 | 190,972 | |
Total Accruing Loans and Leases | 163,964 | 191,138 | |
Nonaccrual Loans and Leases | 55 | 550 | |
Portfolio loans and leases | 164,019 | 191,688 | |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||
Past Due | 11 | 1,611 | |
Current | 205,699 | 205,835 | |
Total Accruing Loans and Leases | 205,710 | 207,446 | |
Nonaccrual Loans and Leases | 2,289 | 2,289 | 2,027 |
Portfolio loans and leases | 207,999 | 207,999 | 209,473 |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Originated Loans [Member] | |||
Past Due | 11 | 1,445 | |
Current | 176,270 | 167,956 | |
Total Accruing Loans and Leases | 176,281 | 169,401 | |
Nonaccrual Loans and Leases | 2,169 | 1,788 | |
Portfolio loans and leases | 178,450 | 171,189 | |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Acquired Loans [Member] | |||
Past Due | 166 | ||
Current | 29,429 | 37,879 | |
Total Accruing Loans and Leases | 29,429 | 38,045 | |
Nonaccrual Loans and Leases | 120 | 239 | |
Portfolio loans and leases | 29,549 | 38,284 | |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | |||
Past Due | 1,313 | 1,997 | |
Current | 409,569 | 401,195 | |
Total Accruing Loans and Leases | 410,882 | 403,192 | |
Nonaccrual Loans and Leases | 2,658 | 2,658 | 3,212 |
Portfolio loans and leases | 413,540 | 413,540 | 406,404 |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Originated Loans [Member] | |||
Past Due | 837 | 1,484 | |
Current | 339,778 | 313,039 | |
Total Accruing Loans and Leases | 340,615 | 314,523 | |
Nonaccrual Loans and Leases | 1,654 | 1,964 | |
Portfolio loans and leases | 342,268 | 316,487 | |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | |||
Past Due | 476 | 513 | |
Current | 69,791 | 88,156 | |
Total Accruing Loans and Leases | 70,267 | 88,669 | |
Nonaccrual Loans and Leases | 1,004 | 1,248 | |
Portfolio loans and leases | 71,272 | 89,917 | |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Past Due | |||
Current | 141,964 | 90,387 | |
Total Accruing Loans and Leases | 141,964 | 90,387 | |
Nonaccrual Loans and Leases | 34 | ||
Portfolio loans and leases | 141,964 | 141,964 | 90,421 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Originated Loans [Member] | |||
Past Due | |||
Current | 141,964 | 87,121 | |
Total Accruing Loans and Leases | 141,964 | 87,121 | |
Nonaccrual Loans and Leases | 34 | ||
Portfolio loans and leases | 141,964 | 87,155 | |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Acquired Loans [Member] | |||
Past Due | |||
Current | 3,266 | ||
Total Accruing Loans and Leases | 3,266 | ||
Nonaccrual Loans and Leases | |||
Portfolio loans and leases | 3,266 | ||
Commercial Portfolio Segment [Member] | |||
Past Due | 36 | 138 | |
Current | 576,798 | 520,244 | |
Total Accruing Loans and Leases | 576,834 | 520,382 | |
Nonaccrual Loans and Leases | 2,957 | 2,957 | 4,133 |
Portfolio loans and leases | 579,791 | 579,791 | 524,515 |
Commercial Portfolio Segment [Member] | Originated Loans [Member] | |||
Past Due | |||
Current | 549,393 | 459,702 | |
Total Accruing Loans and Leases | 549,393 | 459,702 | |
Nonaccrual Loans and Leases | 941 | 3,044 | |
Portfolio loans and leases | 550,334 | 462,746 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | |||
Past Due | 36 | 138 | |
Current | 27,405 | 60,542 | |
Total Accruing Loans and Leases | 27,441 | 60,680 | |
Nonaccrual Loans and Leases | 2,016 | 1,089 | |
Portfolio loans and leases | 29,457 | 61,769 | |
Consumer Portfolio Segment [Member] | |||
Past Due | 15 | 20 | |
Current | 25,324 | 22,109 | |
Total Accruing Loans and Leases | 25,339 | 22,129 | |
Nonaccrual Loans and Leases | 2 | 2 | |
Portfolio loans and leases | 25,341 | 25,341 | 22,129 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | |||
Past Due | 15 | 20 | |
Current | 25,183 | 21,914 | |
Total Accruing Loans and Leases | 25,198 | 21,934 | |
Nonaccrual Loans and Leases | 2 | ||
Portfolio loans and leases | 25,200 | 21,934 | |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | |||
Past Due | |||
Current | 141 | 195 | |
Total Accruing Loans and Leases | 141 | 195 | |
Nonaccrual Loans and Leases | |||
Portfolio loans and leases | 141 | 195 | |
Finance Leases Portfolio Segment [Member] | |||
Past Due | 263 | 498 | |
Current | 55,492 | 51,280 | |
Total Accruing Loans and Leases | 55,755 | 51,778 | |
Nonaccrual Loans and Leases | 137 | 137 | 9 |
Portfolio loans and leases | 55,892 | 55,892 | 51,787 |
Finance Leases Portfolio Segment [Member] | Originated Loans [Member] | |||
Past Due | 263 | 498 | |
Current | 55,492 | 51,280 | |
Total Accruing Loans and Leases | 55,755 | 51,778 | |
Nonaccrual Loans and Leases | 137 | 9 | |
Portfolio loans and leases | 55,892 | 51,787 | |
Finance Leases Portfolio Segment [Member] | Acquired Loans [Member] | |||
Portfolio loans and leases | |||
Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Past Due | 1,723 | 5,139 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Originated Loans [Member] | |||
Past Due | 971 | 4,331 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Acquired Loans [Member] | |||
Past Due | 752 | 808 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | |||
Past Due | 666 | 1,126 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Originated Loans [Member] | |||
Past Due | 1,016 | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Acquired Loans [Member] | |||
Past Due | 666 | 110 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||
Past Due | 11 | 1,596 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Originated Loans [Member] | |||
Past Due | 11 | 1,445 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Acquired Loans [Member] | |||
Past Due | 151 | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | |||
Past Due | 823 | 1,923 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Originated Loans [Member] | |||
Past Due | 773 | 1,475 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | |||
Past Due | 50 | 448 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Past Due | |||
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Originated Loans [Member] | |||
Past Due | |||
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Acquired Loans [Member] | |||
Past Due | |||
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Past Due | 36 | 99 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loans [Member] | |||
Past Due | |||
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loans [Member] | |||
Past Due | 36 | 99 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | |||
Past Due | 10 | 20 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Originated Loans [Member] | |||
Past Due | 10 | 20 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Acquired Loans [Member] | |||
Past Due | |||
Financing Receivables, 30 to 59 Days Past Due [Member] | Finance Leases Portfolio Segment [Member] | |||
Past Due | 177 | 375 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Finance Leases Portfolio Segment [Member] | Originated Loans [Member] | |||
Past Due | 177 | 375 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Past Due | 1,303 | 462 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Originated Loans [Member] | |||
Past Due | 877 | 287 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Acquired Loans [Member] | |||
Past Due | 426 | 175 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | |||
Past Due | 722 | 211 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Originated Loans [Member] | |||
Past Due | 722 | 155 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Acquired Loans [Member] | |||
Past Due | 56 | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||
Past Due | 15 | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Originated Loans [Member] | |||
Past Due | |||
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Acquired Loans [Member] | |||
Past Due | 15 | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | |||
Past Due | 490 | 74 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Originated Loans [Member] | |||
Past Due | 64 | 9 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | |||
Past Due | 426 | 65 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Past Due | |||
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Originated Loans [Member] | |||
Past Due | |||
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Acquired Loans [Member] | |||
Past Due | |||
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Past Due | 39 | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loans [Member] | |||
Past Due | |||
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loans [Member] | |||
Past Due | 39 | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | |||
Past Due | 5 | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Originated Loans [Member] | |||
Past Due | 5 | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Acquired Loans [Member] | |||
Past Due | |||
Financing Receivables, 60 to 89 Days Past Due [Member] | Finance Leases Portfolio Segment [Member] | |||
Past Due | 86 | 123 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Finance Leases Portfolio Segment [Member] | Originated Loans [Member] | |||
Past Due | 86 | 123 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past Due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Originated Loans [Member] | |||
Past Due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Acquired Loans [Member] | |||
Past Due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | |||
Past Due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Originated Loans [Member] | |||
Past Due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Acquired Loans [Member] | |||
Past Due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||
Past Due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Originated Loans [Member] | |||
Past Due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Acquired Loans [Member] | |||
Past Due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | |||
Past Due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Originated Loans [Member] | |||
Past Due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | |||
Past Due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Past Due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Originated Loans [Member] | |||
Past Due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Acquired Loans [Member] | |||
Past Due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Past Due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loans [Member] | |||
Past Due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loans [Member] | |||
Past Due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | |||
Past Due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Originated Loans [Member] | |||
Past Due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Acquired Loans [Member] | |||
Past Due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Finance Leases Portfolio Segment [Member] | |||
Past Due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Finance Leases Portfolio Segment [Member] | Originated Loans [Member] | |||
Past Due |
Note 5 - Loans and Leases - Roll-forward of Allowance for Loan and Leases Losses by Loan Category (Details) - USD ($) $ in Thousands |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Balance | $ 15,857 | $ 14,586 | $ 15,857 | $ 14,586 | |||||||
Charge-offs | (3,287) | (3,454) | |||||||||
Recoveries | 590 | 329 | |||||||||
Provision for loan and lease losses | $ 1,059 | $ 1,412 | $ 445 | 1,410 | $ 1,777 | $ 1,200 | $ 850 | 569 | 4,326 | 4,396 | $ 884 |
Balance | 17,486 | 15,857 | 17,486 | 15,857 | 14,586 | ||||||
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | |||||||||||
Balance | 5,199 | 3,948 | 5,199 | 3,948 | |||||||
Charge-offs | (110) | (50) | |||||||||
Recoveries | 62 | 27 | |||||||||
Provision for loan and lease losses | 1,076 | 1,274 | |||||||||
Balance | 6,227 | 5,199 | 6,227 | 5,199 | 3,948 | ||||||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||||||||||
Balance | 1,307 | 1,917 | 1,307 | 1,917 | |||||||
Charge-offs | (592) | (774) | |||||||||
Recoveries | 68 | 98 | |||||||||
Provision for loan and lease losses | 472 | 66 | |||||||||
Balance | 1,255 | 1,307 | 1,255 | 1,307 | 1,917 | ||||||
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | |||||||||||
Balance | 1,740 | 1,736 | 1,740 | 1,736 | |||||||
Charge-offs | (306) | (791) | |||||||||
Recoveries | 48 | 35 | |||||||||
Provision for loan and lease losses | 435 | 760 | |||||||||
Balance | 1,917 | 1,740 | 1,917 | 1,740 | 1,736 | ||||||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||||||||||
Balance | 1,324 | 1,367 | 1,324 | 1,367 | |||||||
Charge-offs | |||||||||||
Recoveries | 64 | 4 | |||||||||
Provision for loan and lease losses | 845 | (47) | |||||||||
Balance | 2,233 | 1,324 | 2,233 | 1,324 | 1,367 | ||||||
Commercial Portfolio Segment [Member] | |||||||||||
Balance | 5,609 | 4,533 | 5,609 | 4,533 | |||||||
Charge-offs | (1,298) | (1,220) | |||||||||
Recoveries | 93 | 35 | |||||||||
Provision for loan and lease losses | 738 | 2,261 | |||||||||
Balance | 5,142 | 5,609 | 5,142 | 5,609 | 4,533 | ||||||
Consumer Portfolio Segment [Member] | |||||||||||
Balance | 142 | 238 | 142 | 238 | |||||||
Charge-offs | (173) | (177) | |||||||||
Recoveries | 23 | 29 | |||||||||
Provision for loan and lease losses | 161 | 52 | |||||||||
Balance | 153 | 142 | 153 | 142 | 238 | ||||||
Finance Leases Portfolio Segment [Member] | |||||||||||
Balance | 518 | 468 | 518 | 468 | |||||||
Charge-offs | (808) | (442) | |||||||||
Recoveries | 232 | 101 | |||||||||
Provision for loan and lease losses | 617 | 391 | |||||||||
Balance | 559 | 518 | 559 | 518 | 468 | ||||||
Unallocated Financing Receivables [Member] | |||||||||||
Balance | $ 18 | $ 379 | 18 | 379 | |||||||
Charge-offs | |||||||||||
Recoveries | |||||||||||
Provision for loan and lease losses | (18) | (361) | |||||||||
Balance | $ 18 | $ 18 | $ 379 |
Note 5 - Loans and Leases - Allocation of Allowance for Loan and Lease Losses by Portfolio Segment Based on Methodology Used to Evaluate Loans and Leases for Impairment (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
---|---|---|---|
Individually evaluated for impairment | $ 86 | $ 693 | |
Collectively evaluated for impairment | 17,400 | 15,164 | |
Allowance on loans and leases | 17,486 | 15,857 | $ 14,586 |
Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Allowance on loans and leases | |||
Acquired Loans [Member] | |||
Individually evaluated for impairment | 28 | ||
Collectively evaluated for impairment | |||
Allowance on loans and leases | 28 | ||
Acquired Loans [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Allowance on loans and leases | |||
Originated Loans [Member] | |||
Individually evaluated for impairment | 58 | 693 | |
Collectively evaluated for impairment | 17,400 | 15,164 | |
Allowance on loans and leases | 17,458 | 15,857 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 6,227 | 5,199 | |
Allowance on loans and leases | 6,227 | 5,199 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Allowance on loans and leases | |||
Commercial Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Acquired Loans [Member] | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | |||
Allowance on loans and leases | |||
Commercial Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Acquired Loans [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Allowance on loans and leases | |||
Commercial Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Originated Loans [Member] | |||
Collectively evaluated for impairment | 6,227 | 5,199 | |
Allowance on loans and leases | 6,227 | 5,199 | |
Commercial Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||
Individually evaluated for impairment | 115 | ||
Collectively evaluated for impairment | 1,255 | 1,192 | |
Allowance on loans and leases | 1,255 | 1,307 | |
Commercial Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Allowance on loans and leases | |||
Commercial Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Acquired Loans [Member] | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | |||
Allowance on loans and leases | |||
Commercial Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Acquired Loans [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Allowance on loans and leases | |||
Commercial Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Originated Loans [Member] | |||
Individually evaluated for impairment | 115 | ||
Collectively evaluated for impairment | 1,255 | 1,192 | |
Allowance on loans and leases | 1,255 | 1,307 | |
Commercial Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | |||
Individually evaluated for impairment | 73 | 54 | |
Collectively evaluated for impairment | 1,844 | 1,686 | |
Allowance on loans and leases | 1,917 | 1,740 | |
Commercial Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Allowance on loans and leases | |||
Commercial Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | |||
Individually evaluated for impairment | 28 | ||
Collectively evaluated for impairment | |||
Allowance on loans and leases | 28 | ||
Commercial Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Allowance on loans and leases | |||
Commercial Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Originated Loans [Member] | |||
Individually evaluated for impairment | 45 | 54 | |
Collectively evaluated for impairment | 1,844 | 1,686 | |
Allowance on loans and leases | 1,889 | 1,740 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 2,233 | 1,324 | |
Allowance on loans and leases | 2,233 | 1,324 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Allowance on loans and leases | |||
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Acquired Loans [Member] | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | |||
Allowance on loans and leases | |||
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Acquired Loans [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Allowance on loans and leases | |||
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Originated Loans [Member] | |||
Collectively evaluated for impairment | 2,233 | 1,324 | |
Allowance on loans and leases | 2,233 | 1,324 | |
Commercial Portfolio Segment [Member] | |||
Individually evaluated for impairment | 5 | 519 | |
Collectively evaluated for impairment | 5,137 | 5,090 | |
Allowance on loans and leases | 5,142 | 5,609 | 4,533 |
Commercial Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Allowance on loans and leases | |||
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | |||
Allowance on loans and leases | |||
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Allowance on loans and leases | |||
Commercial Portfolio Segment [Member] | Originated Loans [Member] | |||
Individually evaluated for impairment | 5 | 519 | |
Collectively evaluated for impairment | 5,137 | 5,090 | |
Allowance on loans and leases | 5,142 | 5,609 | |
Consumer Portfolio Segment [Member] | |||
Individually evaluated for impairment | 8 | 5 | |
Collectively evaluated for impairment | 145 | 137 | |
Allowance on loans and leases | 153 | 142 | 238 |
Consumer Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Allowance on loans and leases | |||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | |||
Allowance on loans and leases | |||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Allowance on loans and leases | |||
Consumer Portfolio Segment [Member] | Originated Loans [Member] | |||
Individually evaluated for impairment | 8 | 5 | |
Collectively evaluated for impairment | 145 | 137 | |
Allowance on loans and leases | 153 | 142 | |
Finance Leases Portfolio Segment [Member] | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 559 | 518 | |
Allowance on loans and leases | 559 | 518 | 468 |
Finance Leases Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Allowance on loans and leases | |||
Finance Leases Portfolio Segment [Member] | Acquired Loans [Member] | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | |||
Allowance on loans and leases | |||
Finance Leases Portfolio Segment [Member] | Acquired Loans [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Allowance on loans and leases | |||
Finance Leases Portfolio Segment [Member] | Originated Loans [Member] | |||
Collectively evaluated for impairment | 559 | 518 | |
Allowance on loans and leases | 559 | 518 | |
Unallocated Financing Receivables [Member] | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 18 | ||
Allowance on loans and leases | 18 | $ 379 | |
Unallocated Financing Receivables [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Allowance on loans and leases | |||
Unallocated Financing Receivables [Member] | Acquired Loans [Member] | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | |||
Allowance on loans and leases | |||
Unallocated Financing Receivables [Member] | Acquired Loans [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Allowance on loans and leases | |||
Unallocated Financing Receivables [Member] | Originated Loans [Member] | |||
Collectively evaluated for impairment | 18 | ||
Allowance on loans and leases | $ 18 |
Note 5 - Loans and Leases - Carrying Value for all Portfolio Loans and Leases by Portfolio Segment Based on Methodology Used to Evaluate Loans and Leases for Impairment (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 13, 2016 |
Dec. 31, 2015 |
---|---|---|---|
Individually evaluated for impairment | $ 14,173 | $ 14,386 | |
Collectively evaluated for impairment | 2,508,820 | 2,237,756 | |
Purchased credit-impaired(1) | 12,432 | 16,846 | |
Portfolio loans and leases | 2,535,425 | $ 2,535,425 | 2,268,988 |
Originated Loans [Member] | |||
Individually evaluated for impairment | 9,172 | 9,797 | |
Collectively evaluated for impairment | 2,231,815 | 1,874,072 | |
Portfolio loans and leases | 2,240,987 | 1,883,869 | |
Acquired Loans [Member] | |||
Individually evaluated for impairment | 5,001 | 4,589 | |
Collectively evaluated for impairment | 277,005 | 363,684 | |
Purchased credit-impaired(1) | 12,432 | 16,846 | |
Portfolio loans and leases | 294,438 | 385,119 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | |||
Individually evaluated for impairment | 1,576 | 349 | |
Collectively evaluated for impairment | 1,098,788 | 952,448 | |
Purchased credit-impaired(1) | 10,534 | 11,462 | |
Portfolio loans and leases | 1,110,898 | 1,110,898 | 964,259 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Originated Loans [Member] | |||
Individually evaluated for impairment | 1,521 | 279 | |
Collectively evaluated for impairment | 945,358 | 772,292 | |
Portfolio loans and leases | 946,879 | 772,571 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Acquired Loans [Member] | |||
Individually evaluated for impairment | 55 | 70 | |
Collectively evaluated for impairment | 153,430 | 180,156 | |
Purchased credit-impaired(1) | 10,534 | 11,462 | |
Portfolio loans and leases | 164,019 | 191,688 | |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||
Individually evaluated for impairment | 2,354 | 1,980 | |
Collectively evaluated for impairment | 205,540 | 207,378 | |
Purchased credit-impaired(1) | 105 | 115 | |
Portfolio loans and leases | 207,999 | 207,999 | 209,473 |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Originated Loans [Member] | |||
Individually evaluated for impairment | 2,319 | 1,832 | |
Collectively evaluated for impairment | 176,131 | 169,357 | |
Portfolio loans and leases | 178,450 | 171,189 | |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Acquired Loans [Member] | |||
Individually evaluated for impairment | 35 | 148 | |
Collectively evaluated for impairment | 29,409 | 38,021 | |
Purchased credit-impaired(1) | 105 | 115 | |
Portfolio loans and leases | 29,549 | 38,284 | |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | |||
Individually evaluated for impairment | 7,266 | 7,754 | |
Collectively evaluated for impairment | 406,271 | 398,635 | |
Purchased credit-impaired(1) | 3 | 15 | |
Portfolio loans and leases | 413,540 | 413,540 | 406,404 |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Originated Loans [Member] | |||
Individually evaluated for impairment | 4,111 | 4,394 | |
Collectively evaluated for impairment | 338,157 | 312,093 | |
Portfolio loans and leases | 342,268 | 316,487 | |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | |||
Individually evaluated for impairment | 3,155 | 3,360 | |
Collectively evaluated for impairment | 68,114 | 86,542 | |
Purchased credit-impaired(1) | 3 | 15 | |
Portfolio loans and leases | 71,272 | 89,917 | |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Individually evaluated for impairment | 33 | ||
Collectively evaluated for impairment | 141,964 | 89,625 | |
Purchased credit-impaired(1) | 763 | ||
Portfolio loans and leases | 141,964 | 141,964 | 90,421 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Originated Loans [Member] | |||
Individually evaluated for impairment | 33 | ||
Collectively evaluated for impairment | 141,964 | 87,122 | |
Portfolio loans and leases | 141,964 | 87,155 | |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Acquired Loans [Member] | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 2,503 | ||
Purchased credit-impaired(1) | 763 | ||
Portfolio loans and leases | 3,266 | ||
Commercial Portfolio Segment [Member] | |||
Individually evaluated for impairment | 2,946 | 4,240 | |
Collectively evaluated for impairment | 575,055 | 515,784 | |
Purchased credit-impaired(1) | 1,790 | 4,491 | |
Portfolio loans and leases | 579,791 | 579,791 | 524,515 |
Commercial Portfolio Segment [Member] | Originated Loans [Member] | |||
Individually evaluated for impairment | 1,190 | 3,229 | |
Collectively evaluated for impairment | 549,144 | 459,517 | |
Portfolio loans and leases | 550,334 | 462,746 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | |||
Individually evaluated for impairment | 1,756 | 1,011 | |
Collectively evaluated for impairment | 25,911 | 56,267 | |
Purchased credit-impaired(1) | 1,790 | 4,491 | |
Portfolio loans and leases | 29,457 | 61,769 | |
Consumer Portfolio Segment [Member] | |||
Individually evaluated for impairment | 31 | 30 | |
Collectively evaluated for impairment | 25,310 | 22,099 | |
Purchased credit-impaired(1) | |||
Portfolio loans and leases | 25,341 | 25,341 | 22,129 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | |||
Individually evaluated for impairment | 31 | 30 | |
Collectively evaluated for impairment | 25,169 | 21,904 | |
Portfolio loans and leases | 25,200 | 21,934 | |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 141 | 195 | |
Purchased credit-impaired(1) | |||
Portfolio loans and leases | 141 | 195 | |
Finance Leases Portfolio Segment [Member] | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 55,892 | 51,787 | |
Purchased credit-impaired(1) | |||
Portfolio loans and leases | 55,892 | $ 55,892 | 51,787 |
Finance Leases Portfolio Segment [Member] | Originated Loans [Member] | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 55,892 | 51,787 | |
Portfolio loans and leases | 55,892 | 51,787 | |
Finance Leases Portfolio Segment [Member] | Acquired Loans [Member] | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | |||
Purchased credit-impaired(1) | |||
Portfolio loans and leases |
Note 5 - Loans and Leases - Carrying Value of all Portfolio Loans and Leases by Portfolio Segment Based on Credit Risk Profile by Internally Assigned Grade (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 13, 2016 |
Dec. 31, 2015 |
---|---|---|---|
Financing Receivable, Allowance for Credit Losses | $ 2,535,425 | $ 2,535,425 | $ 2,268,988 |
Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 2,240,987 | 1,883,869 | |
Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 294,438 | 385,119 | |
Pass [Member] | |||
Financing Receivable, Allowance for Credit Losses | 1,810,269 | 1,545,580 | |
Pass [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 1,621,983 | 1,298,759 | |
Pass [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 188,286 | 246,821 | |
Special Mention [Member] | |||
Financing Receivable, Allowance for Credit Losses | 4,207 | 8,152 | |
Special Mention [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 4,171 | 8,044 | |
Special Mention [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 36 | 108 | |
Substandard [Member] | |||
Financing Receivable, Allowance for Credit Losses | 16,555 | 25,463 | |
Substandard [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 12,898 | 15,669 | |
Substandard [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 3,657 | 9,794 | |
Doubtful [Member] | |||
Financing Receivable, Allowance for Credit Losses | 1,622 | ||
Doubtful [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 125 | ||
Doubtful [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 1,497 | ||
Pass, Special Mention and Substandard [Member] | |||
Financing Receivable, Allowance for Credit Losses | 1,832,653 | 1,579,195 | |
Pass, Special Mention and Substandard [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 1,639,177 | 1,322,472 | |
Pass, Special Mention and Substandard [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 193,476 | 256,723 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | |||
Financing Receivable, Allowance for Credit Losses | 1,110,898 | 1,110,898 | 964,259 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 946,879 | 772,571 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 164,019 | 191,688 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Pass [Member] | |||
Financing Receivable, Allowance for Credit Losses | 1,099,557 | 946,887 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Pass [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 936,737 | 758,240 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Pass [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 162,820 | 188,647 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Special Mention [Member] | |||
Financing Receivable, Allowance for Credit Losses | 1,892 | 7,029 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Special Mention [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 1,892 | 7,029 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Special Mention [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | |||
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Substandard [Member] | |||
Financing Receivable, Allowance for Credit Losses | 9,449 | 10,343 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Substandard [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 8,250 | 7,302 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Substandard [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 1,199 | 3,041 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Doubtful [Member] | |||
Financing Receivable, Allowance for Credit Losses | |||
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Doubtful [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | |||
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Doubtful [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | |||
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Pass, Special Mention and Substandard [Member] | |||
Financing Receivable, Allowance for Credit Losses | 1,110,898 | 964,259 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Pass, Special Mention and Substandard [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 946,879 | 772,571 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Pass, Special Mention and Substandard [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 164,019 | 191,688 | |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 141,964 | 141,964 | 90,421 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 141,964 | 87,155 | |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 3,266 | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | |||
Financing Receivable, Allowance for Credit Losses | 140,370 | 88,653 | |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 140,370 | 86,065 | |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 2,588 | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | |||
Financing Receivable, Allowance for Credit Losses | |||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | |||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | |||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | |||
Financing Receivable, Allowance for Credit Losses | 1,594 | 1,768 | |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 1,594 | 1,090 | |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 678 | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | |||
Financing Receivable, Allowance for Credit Losses | |||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | |||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | |||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass, Special Mention and Substandard [Member] | |||
Financing Receivable, Allowance for Credit Losses | 141,964 | 90,421 | |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass, Special Mention and Substandard [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 141,964 | 87,155 | |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass, Special Mention and Substandard [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 3,266 | ||
Commercial Portfolio Segment [Member] | |||
Financing Receivable, Allowance for Credit Losses | 579,791 | $ 579,791 | 524,515 |
Commercial Portfolio Segment [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 550,334 | 462,746 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 29,457 | 61,769 | |
Commercial Portfolio Segment [Member] | Pass [Member] | |||
Financing Receivable, Allowance for Credit Losses | 570,342 | 510,040 | |
Commercial Portfolio Segment [Member] | Pass [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 544,876 | 454,454 | |
Commercial Portfolio Segment [Member] | Pass [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 25,466 | 55,586 | |
Commercial Portfolio Segment [Member] | Special Mention [Member] | |||
Financing Receivable, Allowance for Credit Losses | 2,315 | 1,123 | |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 2,279 | 1,015 | |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 36 | 108 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | |||
Financing Receivable, Allowance for Credit Losses | 5,512 | 13,352 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 3,054 | 7,277 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 2,458 | 6,075 | |
Commercial Portfolio Segment [Member] | Doubtful [Member] | |||
Financing Receivable, Allowance for Credit Losses | 1,622 | ||
Commercial Portfolio Segment [Member] | Doubtful [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 125 | ||
Commercial Portfolio Segment [Member] | Doubtful [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 1,497 | ||
Commercial Portfolio Segment [Member] | Pass, Special Mention and Substandard [Member] | |||
Financing Receivable, Allowance for Credit Losses | 579,791 | 524,515 | |
Commercial Portfolio Segment [Member] | Pass, Special Mention and Substandard [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 550,334 | 462,746 | |
Commercial Portfolio Segment [Member] | Pass, Special Mention and Substandard [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | $ 29,457 | $ 61,769 |
Note 5 - Loans and Leases - Carrying Value of all Portfolio Loans and Leases by Portfolio Segment Based on Credit Risk Profile by Payment Activity (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 13, 2016 |
Dec. 31, 2015 |
---|---|---|---|
Financing Receivable, Allowance for Credit Losses | $ 2,535,425 | $ 2,535,425 | $ 2,268,988 |
Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 2,240,987 | 1,883,869 | |
Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 294,438 | 385,119 | |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | |||
Financing Receivable, Allowance for Credit Losses | 413,540 | 413,540 | 406,404 |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 342,268 | 316,487 | |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 71,272 | 89,917 | |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||
Financing Receivable, Allowance for Credit Losses | 207,999 | 207,999 | 209,473 |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 178,450 | 171,189 | |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 29,549 | 38,284 | |
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Allowance for Credit Losses | 25,341 | 25,341 | 22,129 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 25,200 | 21,934 | |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 141 | 195 | |
Finance Leases Portfolio Segment [Member] | |||
Financing Receivable, Allowance for Credit Losses | 55,892 | $ 55,892 | 51,787 |
Finance Leases Portfolio Segment [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 55,892 | 51,787 | |
Finance Leases Portfolio Segment [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | |||
Performing Financial Instruments [Member] | |||
Financing Receivable, Allowance for Credit Losses | 697,686 | 684,545 | |
Performing Financial Instruments [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 597,849 | 557,636 | |
Performing Financial Instruments [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 99,837 | 126,909 | |
Performing Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | |||
Financing Receivable, Allowance for Credit Losses | 410,882 | 403,192 | |
Performing Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 340,615 | 314,523 | |
Performing Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 70,267 | 88,669 | |
Performing Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||
Financing Receivable, Allowance for Credit Losses | 205,710 | 207,446 | |
Performing Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 176,281 | 169,401 | |
Performing Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 29,429 | 38,045 | |
Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable, Allowance for Credit Losses | 25,339 | 22,129 | |
Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 25,198 | 21,934 | |
Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 141 | 195 | |
Performing Financial Instruments [Member] | Finance Leases Portfolio Segment [Member] | |||
Financing Receivable, Allowance for Credit Losses | 55,755 | 51,778 | |
Performing Financial Instruments [Member] | Finance Leases Portfolio Segment [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 55,755 | 51,778 | |
Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Allowance for Credit Losses | 5,086 | 5,248 | |
Nonperforming Financial Instruments [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 3,961 | 3,761 | |
Nonperforming Financial Instruments [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 1,125 | 1,487 | |
Nonperforming Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | |||
Financing Receivable, Allowance for Credit Losses | 2,658 | 3,212 | |
Nonperforming Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 1,653 | 1,964 | |
Nonperforming Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 1,005 | 1,248 | |
Nonperforming Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||
Financing Receivable, Allowance for Credit Losses | 2,289 | 2,027 | |
Nonperforming Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 2,169 | 1,788 | |
Nonperforming Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 120 | 239 | |
Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable, Allowance for Credit Losses | 2 | ||
Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 2 | ||
Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | |||
Nonperforming Financial Instruments [Member] | Finance Leases Portfolio Segment [Member] | |||
Financing Receivable, Allowance for Credit Losses | 137 | 9 | |
Nonperforming Financial Instruments [Member] | Finance Leases Portfolio Segment [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 137 | 9 | |
Performing and Non-performing [Member] | |||
Financing Receivable, Allowance for Credit Losses | 702,772 | 689,793 | |
Performing and Non-performing [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 601,810 | 561,397 | |
Performing and Non-performing [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 100,962 | 128,396 | |
Performing and Non-performing [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | |||
Financing Receivable, Allowance for Credit Losses | 413,540 | 406,404 | |
Performing and Non-performing [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 342,268 | 316,487 | |
Performing and Non-performing [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 71,272 | 89,917 | |
Performing and Non-performing [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||
Financing Receivable, Allowance for Credit Losses | 207,999 | 209,473 | |
Performing and Non-performing [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 178,450 | 171,189 | |
Performing and Non-performing [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 29,549 | 38,284 | |
Performing and Non-performing [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable, Allowance for Credit Losses | 25,341 | 22,129 | |
Performing and Non-performing [Member] | Consumer Portfolio Segment [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 25,200 | 21,934 | |
Performing and Non-performing [Member] | Consumer Portfolio Segment [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | 141 | 195 | |
Performing and Non-performing [Member] | Finance Leases Portfolio Segment [Member] | |||
Financing Receivable, Allowance for Credit Losses | 55,892 | 51,787 | |
Performing and Non-performing [Member] | Finance Leases Portfolio Segment [Member] | Originated Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses | $ 55,892 | $ 51,787 |
Note 5 - Loans and Leases - Balance of Troubled Debt Restructurings (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Troubled Debt Restructurings | $ 9,027 | $ 6,815 |
Nonperforming Financial Instruments [Member] | ||
Troubled Debt Restructurings | 2,632 | 1,935 |
Performing Financial Instruments [Member] | ||
Troubled Debt Restructurings | $ 6,395 | $ 4,880 |
Note 5 - Loans and Leases - Loan and Lease Modifications Categorized as Troubled Debt Restructurings (Details) $ in Thousands |
12 Months Ended | |
---|---|---|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
|
Number of Contracts | 16 | 7 |
Pre-Modification Outstanding Recorded Investment | $ 2,772 | $ 2,269 |
Post-Modification Outstanding Recorded Investment | $ 2,779 | $ 2,269 |
Contractual Interest Rate Reduction [Member] | ||
Number of Contracts | ||
Extended Maturity [Member] | ||
Number of Contracts | 4 | |
Interest Rate Change and Term Extension [Member] | ||
Number of Contracts | 2 | 2 |
Interest Rate Change and/or Interest-Only Period [Member] | ||
Number of Contracts | 6 | 3 |
Contractual Payment Reduction (Leases only) [Member] | ||
Number of Contracts | 3 | 2 |
Payment Deferral [Member] | ||
Number of Contracts | 1 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | ||
Number of Contracts | 1 | |
Pre-Modification Outstanding Recorded Investment | $ 1,256 | |
Post-Modification Outstanding Recorded Investment | $ 1,256 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Contractual Interest Rate Reduction [Member] | ||
Number of Contracts | ||
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Extended Maturity [Member] | ||
Number of Contracts | 1 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Interest Rate Change and Term Extension [Member] | ||
Number of Contracts | ||
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Interest Rate Change and/or Interest-Only Period [Member] | ||
Number of Contracts | ||
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Contractual Payment Reduction (Leases only) [Member] | ||
Number of Contracts | ||
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Payment Deferral [Member] | ||
Number of Contracts | ||
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | ||
Number of Contracts | 2 | 4 |
Pre-Modification Outstanding Recorded Investment | $ 141 | $ 2,181 |
Post-Modification Outstanding Recorded Investment | $ 148 | $ 2,181 |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Contractual Interest Rate Reduction [Member] | ||
Number of Contracts | ||
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Extended Maturity [Member] | ||
Number of Contracts | ||
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Interest Rate Change and Term Extension [Member] | ||
Number of Contracts | 2 | 2 |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Interest Rate Change and/or Interest-Only Period [Member] | ||
Number of Contracts | 2 | |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Contractual Payment Reduction (Leases only) [Member] | ||
Number of Contracts | ||
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Payment Deferral [Member] | ||
Number of Contracts | ||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Number of Contracts | 6 | 1 |
Pre-Modification Outstanding Recorded Investment | $ 265 | $ 22 |
Post-Modification Outstanding Recorded Investment | $ 265 | $ 22 |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Contractual Interest Rate Reduction [Member] | ||
Number of Contracts | ||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Extended Maturity [Member] | ||
Number of Contracts | ||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Interest Rate Change and Term Extension [Member] | ||
Number of Contracts | ||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Interest Rate Change and/or Interest-Only Period [Member] | ||
Number of Contracts | 6 | 1 |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Contractual Payment Reduction (Leases only) [Member] | ||
Number of Contracts | ||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Payment Deferral [Member] | ||
Number of Contracts | ||
Finance Leases Portfolio Segment [Member] | ||
Number of Contracts | 3 | 2 |
Pre-Modification Outstanding Recorded Investment | $ 104 | $ 66 |
Post-Modification Outstanding Recorded Investment | $ 104 | $ 66 |
Finance Leases Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | ||
Number of Contracts | ||
Finance Leases Portfolio Segment [Member] | Extended Maturity [Member] | ||
Number of Contracts | ||
Finance Leases Portfolio Segment [Member] | Interest Rate Change and Term Extension [Member] | ||
Number of Contracts | ||
Finance Leases Portfolio Segment [Member] | Interest Rate Change and/or Interest-Only Period [Member] | ||
Number of Contracts | ||
Finance Leases Portfolio Segment [Member] | Contractual Payment Reduction (Leases only) [Member] | ||
Number of Contracts | 3 | 2 |
Finance Leases Portfolio Segment [Member] | Payment Deferral [Member] | ||
Number of Contracts | ||
Commercial Portfolio Segment [Member] | ||
Number of Contracts | 4 | |
Pre-Modification Outstanding Recorded Investment | $ 1,006 | |
Post-Modification Outstanding Recorded Investment | $ 1,006 | |
Commercial Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | ||
Number of Contracts | ||
Commercial Portfolio Segment [Member] | Extended Maturity [Member] | ||
Number of Contracts | 3 | |
Commercial Portfolio Segment [Member] | Interest Rate Change and Term Extension [Member] | ||
Number of Contracts | ||
Commercial Portfolio Segment [Member] | Interest Rate Change and/or Interest-Only Period [Member] | ||
Number of Contracts | ||
Commercial Portfolio Segment [Member] | Contractual Payment Reduction (Leases only) [Member] | ||
Number of Contracts | ||
Commercial Portfolio Segment [Member] | Payment Deferral [Member] | ||
Number of Contracts | 1 |
Note 5 - Loans and Leases - Recorded Investment and Principal Balance of Impaired Loans by Portfolio Segment Their Related Allowance and Interest Income Recognized (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Impaired loans with related allowance, recorded investment | $ 737 | $ 2,671 | $ 5,484 |
Impaired loans with related allowance, principal balance | 737 | 2,674 | 6,017 |
Impaired loans, related allowance | 86 | 693 | 668 |
Impaired loans with related allowance, average principal balance | 775 | 2,902 | 6,095 |
Impaired loans with related allowance, interest income recognized | 34 | 77 | 162 |
Impaired loans without related allowance, recorded investment | 13,437 | 11,715 | 8,165 |
Impaired loans without related allowance, principal balance | 15,017 | 15,056 | 9,656 |
Impaired loans without related allowance, average principal balance | 20,322 | 17,123 | 10,421 |
Impaired loans without related allowance, interest income recognized | 517 | 436 | 179 |
Impaired loans, recorded investment | 14,174 | 14,386 | 13,649 |
Impaired loans, principal balance | 15,754 | 17,730 | 15,673 |
Impaired loans, average principal balance | 21,097 | 20,025 | 16,516 |
Impaired loans, interest income recognized | 551 | 513 | 341 |
Real Estate Portfolio Segment [Member] | |||
Impaired loans with related allowance, recorded investment | 622 | ||
Impaired loans with related allowance, principal balance | 622 | ||
Impaired loans, related allowance | 73 | ||
Impaired loans with related allowance, average principal balance | 639 | ||
Impaired loans with related allowance, interest income recognized | 27 | ||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||
Impaired loans with related allowance, recorded investment | 115 | 111 | |
Impaired loans with related allowance, principal balance | 115 | 198 | |
Impaired loans, related allowance | 115 | 4 | |
Impaired loans with related allowance, average principal balance | 125 | 197 | |
Impaired loans with related allowance, interest income recognized | 4 | ||
Impaired loans without related allowance, recorded investment | 2,354 | 1,865 | 1,044 |
Impaired loans without related allowance, principal balance | 2,778 | 2,447 | 1,137 |
Impaired loans without related allowance, average principal balance | 2,833 | 2,605 | 1,251 |
Impaired loans without related allowance, interest income recognized | 25 | 46 | 12 |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | |||
Impaired loans with related allowance, recorded investment | 515 | 3,273 | |
Impaired loans with related allowance, principal balance | 527 | 3,260 | |
Impaired loans, related allowance | 54 | 184 | |
Impaired loans with related allowance, average principal balance | 531 | 3,289 | |
Impaired loans with related allowance, interest income recognized | 23 | 112 | |
Impaired loans without related allowance, recorded investment | 6,644 | 7,239 | 5,369 |
Impaired loans without related allowance, principal balance | 6,970 | 8,166 | 5,794 |
Impaired loans without related allowance, average principal balance | 7,544 | 8,085 | 6,210 |
Impaired loans without related allowance, interest income recognized | 276 | 257 | 152 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | |||
Impaired loans without related allowance, recorded investment | 1,577 | 349 | 97 |
Impaired loans without related allowance, principal balance | 1,577 | 358 | 97 |
Impaired loans without related allowance, average principal balance | 1,583 | 361 | 103 |
Impaired loans without related allowance, interest income recognized | 70 | 9 | 4 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Impaired loans without related allowance, recorded investment | 33 | 264 | |
Impaired loans without related allowance, principal balance | 996 | 1,225 | |
Impaired loans without related allowance, average principal balance | 1,087 | 1,427 | |
Impaired loans without related allowance, interest income recognized | |||
Commercial Portfolio Segment [Member] | |||
Impaired loans with related allowance, recorded investment | 84 | 2,011 | 2,069 |
Impaired loans with related allowance, principal balance | 84 | 2,002 | 2,527 |
Impaired loans, related allowance | 5 | 519 | 448 |
Impaired loans with related allowance, average principal balance | 103 | 2,215 | 2,577 |
Impaired loans with related allowance, interest income recognized | 5 | 49 | 49 |
Impaired loans without related allowance, recorded investment | 2,862 | 2,229 | 1,391 |
Impaired loans without related allowance, principal balance | 3,692 | 3,089 | 1,403 |
Impaired loans without related allowance, average principal balance | 8,362 | 4,985 | 1,430 |
Impaired loans without related allowance, interest income recognized | 146 | 124 | 11 |
Consumer Portfolio Segment [Member] | |||
Impaired loans with related allowance, recorded investment | 31 | 30 | 31 |
Impaired loans with related allowance, principal balance | 31 | 30 | 32 |
Impaired loans, related allowance | 8 | 5 | 32 |
Impaired loans with related allowance, average principal balance | 33 | 31 | 32 |
Impaired loans with related allowance, interest income recognized | $ 2 | $ 1 | $ 1 |
Note 5 - Loans and Leases - Loan Acquired (Details) - USD ($) $ in Thousands |
12 Months Ended | |
---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Outstanding Principal | $ 306,725 | $ 402,228 |
Remaining Loan Mark | (12,287) | (17,109) |
Recorded Investment | 294,438 | 385,119 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | ||
Outstanding Principal | 168,612 | 197,532 |
Remaining Loan Mark | (4,593) | (5,844) |
Recorded Investment | 164,019 | 191,688 |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Outstanding Principal | 31,236 | 40,258 |
Remaining Loan Mark | (1,687) | (1,974) |
Recorded Investment | 29,549 | 38,284 |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | ||
Outstanding Principal | 73,902 | 93,230 |
Remaining Loan Mark | (2,630) | (3,313) |
Recorded Investment | 71,272 | 89,917 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Outstanding Principal | 3,807 | |
Remaining Loan Mark | (541) | |
Recorded Investment | 3,266 | |
Commercial Portfolio Segment [Member] | ||
Outstanding Principal | 32,812 | 67,181 |
Remaining Loan Mark | (3,355) | (5,412) |
Recorded Investment | 29,457 | 61,769 |
Consumer Portfolio Segment [Member] | ||
Outstanding Principal | 163 | 220 |
Remaining Loan Mark | (22) | (25) |
Recorded Investment | $ 141 | $ 195 |
Note 6 - Other Real Estate Owned (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Balance | $ 2,638 | $ 1,147 | |
Additions | 355 | 2,673 | |
Impairments | (94) | (89) | |
Sales | (1,882) | (1,093) | |
Balance | $ 1,017 | $ 2,638 | $ 1,147 |
Note 7 - Premises and Equipment (Details Textual) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Depreciation, Amortization and Accretion, Net | $ 5.8 | $ 5.1 | $ 3.6 |
Operating Leases, Rent Expense | $ 4.6 | $ 5.1 | $ 3.3 |
Note 7 - Premises and Equipment - Summary of Premises and Equipment (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Less: accumulated depreciation | $ (50,225) | $ (44,641) |
Total | 41,778 | 45,339 |
Land [Member] | ||
Premises and equipment | 5,306 | 5,306 |
Building [Member] | ||
Premises and equipment | 24,998 | 24,820 |
Furniture and Equipment [Member] | ||
Premises and equipment | 36,930 | 34,758 |
Leasehold Improvements [Member] | ||
Premises and equipment | 24,713 | 24,596 |
Construction in Progress [Member] | ||
Premises and equipment | $ 56 | $ 500 |
Note 7 - Premises and Equipment - Future Minimum Cash Rent Commitments under Various Operating Leases (Details) $ in Thousands |
Dec. 31, 2016
USD ($)
|
---|---|
2016 | $ 4,234 |
2017 | 4,166 |
2018 | 3,908 |
2019 | 3,345 |
2020 | 2,721 |
2021 and thereafter | 13,109 |
Total | $ 31,483 |
Note 8 - Mortgage Servicing Rights ("MSR"s) (Details Textual) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Sensitivity Analysis of Fair Value of Interests Continued to Be Held by Transfer or Servicing Assets or Liabilities, Percent, Adverse Change in Assumption, Low | 10.00% | ||
Sensitivity Analysis of Fair Value of Interests Continued to Be Held by Transferor Servicing Assets or Liabilities, Percent, Adverse Change in Assumption, High | 20.00% | ||
Servicing Asset at Amortized Cost, Fair Value | $ 6,154 | $ 5,726 | $ 5,456 |
Note 8 - Mortgage Servicing Rights ("MSR"s) - Summary of Activity Related to Mortgage Servicing Rights (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Balance | $ 5,142 | $ 4,765 | $ 4,750 |
Additions | 1,321 | 1,037 | 547 |
Amortization | (750) | (590) | (476) |
Impairment | (131) | (70) | (56) |
Balance | 5,582 | 5,142 | 4,765 |
Fair value | 6,154 | 5,726 | 5,456 |
Residential mortgage loans serviced for others | $ 631,889 | $ 601,939 | $ 590,660 |
Note 8 - Mortgage Servicing Rights ("MSR"s) - Summarized Corporation's Activity Related to Changes in Impairment Valuation Allowance of MSRs (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Balance | $ (1,674) | $ (1,604) | $ (1,548) |
Impairment | (715) | (123) | (97) |
Recovery | 584 | 53 | 41 |
Balance | $ (1,805) | $ (1,674) | $ (1,604) |
Note 8 - Mortgage Servicing Rights ("MSR"s) - Summary of Key Economic Assumptions and Sensitivity of Current Fair Value of MSRs (Details) - USD ($) $ in Thousands |
12 Months Ended | ||||
---|---|---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|||
Fair value | $ 6,154 | $ 5,726 | $ 5,456 | ||
Weighted average life (in years) (Year) | 6 years 109 days | ||||
Prepayment speeds (constant prepayment rate)* | [1] | 10.20% | |||
10% adverse change | $ (115) | ||||
20% adverse change | $ (238) | ||||
Discount rate | 9.55% | ||||
10% adverse change | $ (225) | ||||
20% adverse change | $ (434) | ||||
|
Note 9 - Deposits (Details Textual) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Bank Overdrafts | $ 818 | $ 840 |
Note 9 - Deposits - Components of Deposits (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
|||
---|---|---|---|---|---|
Savings | $ 232,193 | $ 187,299 | |||
NOW accounts* | [1] | 380,057 | 339,366 | ||
Market rate accounts* | [1] | 835,296 | 816,938 | ||
Retail time deposits, less than $100 | 139,276 | 123,113 | |||
Retail time deposits, $100 or more | 183,636 | 106,140 | |||
Wholesale time deposits | 73,037 | 53,185 | |||
Total interest-bearing deposits | 1,843,495 | 1,626,041 | |||
Non-interest-bearing | 736,180 | 626,684 | |||
Total deposits | $ 2,579,675 | $ 2,252,725 | |||
|
Note 9 - Deposits - Details of Maturities of Retail Time Deposits (Details) $ in Thousands |
Dec. 31, 2016
USD ($)
|
---|---|
The 100,000 Dollars or More [Member] | |
2017 | $ 154,965 |
2018 | 16,281 |
2019 | 4,982 |
2020 | 3,044 |
2021 and thereafter | 4,364 |
Total | 183,636 |
Less than 100,000 Dollars [Member] | |
2017 | 107,043 |
2018 | 17,152 |
2019 | 8,011 |
2020 | 3,466 |
2021 and thereafter | 3,604 |
Total | $ 139,276 |
Note 9 - Deposits - Details of Maturities of Wholesale Time Deposits (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Wholesale Time Deposits, $100,000 or More [Member] | ||
2017 | $ 72,783 | $ 254 |
Wholesale Time Deposits, Less than $100,000 [Member] | ||
Total | $ 72,783 | $ 254 |
Note 10 - Short-term Borrowings and Long-term FHLB Advances (Details Textual) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Short-term Debt | $ 204,151 | $ 94,167 |
Other Long-term Debt | 189,742 | 254,863 |
Federal Home Loan Bank Stock | 17,305 | 12,942 |
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available | 1,220,000 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | 886,000 | |
Federal Reserve Discount Window [Member] | ||
Federal Home Loan Bank Stock | 17,300 | 12,900 |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | 117,300 | |
Overnight Federal Funds [Member] | ||
Short-term Debt | 30,000 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | 79,000 | |
Revolving Line of Credit with Correspondent Bank [Member] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | 5,000 | |
Convertible-fixed [Member] | ||
Other Long-term Debt | $ 21,130 | $ 21,251 |
Note 10 - Short-term Borrowings and Long-term FHLB Advances - Summary of Short-term Borrowings (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
||
---|---|---|---|---|
Short-term borrowings | $ 204,151 | $ 94,167 | ||
Repurchase Agreements Commercial Customers [Member] | ||||
Short-term borrowings | [1] | 39,151 | 29,156 | |
Repurchase Agreements Correspondent Bank [Member] | ||||
Short-term borrowings | 5,011 | |||
Federal Home Loan Bank Advances [Member] | ||||
Short-term borrowings | 165,000 | 30,000 | ||
Overnight Federal Funds [Member] | ||||
Short-term borrowings | $ 30,000 | |||
|
Note 10 - Short-term Borrowings and Long-term FHLB Advances - Information Concerning Short-term Borrowings (Details) - USD ($) $ in Thousands |
12 Months Ended | |
---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Balance at period-end | $ 204,151 | $ 94,167 |
Maximum amount outstanding at any month end | 204,151 | 94,167 |
Average balance outstanding during the period | $ 37,041 | $ 36,010 |
As of the period-end | 0.66% | 0.56% |
Paid during the period | 0.25% | 0.13% |
Note 10 - Short-term Borrowings and Long-term FHLB Advances - Maturity of FHLB Advances and Other Borrowings (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Total | $ 189,742 | $ 254,863 |
Federal Home Loan Bank Advances [Member] | ||
Within one year | 75,000 | 75,000 |
Over one year through five years | 114,742 | 179,863 |
Total | $ 189,742 | $ 254,863 |
Note 10 - Short-term Borrowings and Long-term FHLB Advances - Rate and Maturity Information on Federal Home Loan Bank Advances and Other Borrowings (Details) - USD ($) $ in Thousands |
12 Months Ended | ||||
---|---|---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
||||
Balance | $ 189,742 | $ 254,863 | |||
Bullet Maturity [Member] | Fixed Rate [Member] | |||||
Maturity Start Range | [1] | Feb. 01, 2017 | |||
Maturity End Range | [1] | Dec. 09, 2020 | |||
Balance | $ 153,612 | 198,612 | |||
Bullet Maturity [Member] | Fixed Rate [Member] | Weighted Average [Member] | |||||
Interest Rate | 1.44% | ||||
Bullet Maturity [Member] | Fixed Rate [Member] | Minimum [Member] | |||||
Interest Rate | 0.80% | ||||
Bullet Maturity [Member] | Fixed Rate [Member] | Maximum [Member] | |||||
Interest Rate | 2.13% | ||||
Bullet Maturity [Member] | Variable Rate [Member] | |||||
Maturity Start Range | [1] | Nov. 28, 2017 | |||
Maturity End Range | [1] | Nov. 28, 2017 | |||
Balance | $ 15,000 | 35,000 | |||
Bullet Maturity [Member] | Variable Rate [Member] | Weighted Average [Member] | |||||
Interest Rate | 1.08% | ||||
Bullet Maturity [Member] | Variable Rate [Member] | Minimum [Member] | |||||
Interest Rate | 1.08% | ||||
Bullet Maturity [Member] | Variable Rate [Member] | Maximum [Member] | |||||
Interest Rate | 1.08% | ||||
Convertible-fixed [Member] | |||||
Maturity Start Range | [1] | Jan. 03, 2018 | |||
Maturity End Range | [1] | Aug. 20, 2018 | |||
Balance | $ 21,130 | $ 21,251 | |||
Convertible-fixed [Member] | Weighted Average [Member] | |||||
Interest Rate | 2.94% | ||||
Convertible-fixed [Member] | Minimum [Member] | |||||
Interest Rate | 2.58% | ||||
Convertible-fixed [Member] | Maximum [Member] | |||||
Interest Rate | 3.50% | ||||
|
Note 11 - Subordinated Notes (Details Textual) - USD ($) $ in Thousands |
12 Months Ended | ||||
---|---|---|---|---|---|
Aug. 06, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2012 |
|
Debt Instrument, Face Amount | $ 15,000 | ||||
Proceeds from Issuance of Subordinated Long-term Debt | $ 29,500 | $ 29,456 | |||
Subordinated Debt [Member] | |||||
Debt Instrument, Face Amount | $ 30,000 | ||||
Debt Instrument, Redemption Price, Percentage | 100.00% | ||||
Subordinated Debt [Member] | Interest Rate From Date of Issuance Until August 14, 2020 [Member] | |||||
Debt Instrument, Interest Rate, Stated Percentage | 4.75% | ||||
Subordinated Debt [Member] | Interest Rate From Date of Issuance Until August 14, 2020 [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||||
Debt Instrument, Basis Spread on Variable Rate | 3.068% |
Note 12 - Derivatives and Hedging Activities (Details Textual) xbrli-pure in Thousands, $ in Thousands |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2012
USD ($)
|
|
Debt Instrument, Face Amount | $ 15,000 | |||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax | $ 0 | $ 214 | $ 0 | |
Derivative, Number of Instruments Held | 0 | 0 | ||
Interest Rate Swap [Member] | ||||
Derivative Instruments, Loss Recognized in Other Comprehensive Income (Loss), Effective Portion | $ 372 | |||
Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net | 611 | $ 0 | ||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax | $ 214 |
Note 12 - Derivatives and Hedging - Derivatives and Hedging Activities (Details) $ in Thousands |
12 Months Ended |
---|---|
Dec. 31, 2016
USD ($)
| |
Notional amount | $ 15,000 |
Trade date | Dec. 13, 2012 |
Effective date | Nov. 30, 2015 |
Maturity date | Nov. 28, 2022 |
Receive (variable index) | US 3-Month LIBOR |
Current projected receive rate | 2.335% |
Pay fixed swap rate | 2.376% |
Fair value of asset (liability) | $ (39) |
Note 13 - Disclosure about Fair Value of Financial Instruments (Details Textual) - Impaired Loans [Member] |
12 Months Ended |
---|---|
Dec. 31, 2016 | |
Minimum [Member] | |
Fair Value Assumptions, Discount on Appraisals of Collateral Securing Loan | 10.00% |
Maximum [Member] | |
Fair Value Assumptions, Discount on Appraisals of Collateral Securing Loan | 50.00% |
Note 13 - Disclosure about Fair Value of Financial Instruments - Carrying Amount, Estimated Fair Value and Fair Value Hierarchy Level (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
|||
---|---|---|---|---|---|
Investment securities - available for sale | $ 566,996 | $ 348,966 | |||
Investment securities, trading | 3,888 | 3,950 | |||
Investment securities held to maturity, fair value | 2,818 | 0 | |||
Balance | 189,742 | 254,863 | |||
Reported Value Measurement [Member] | |||||
Investment securities - available for sale | [1] | 566,996 | 348,966 | ||
Total financial assets | 3,192,135 | 2,793,514 | |||
Total financial liabilities | 3,040,403 | 2,665,286 | |||
Estimate of Fair Value Measurement [Member] | |||||
Investment securities - available for sale | [1] | 566,996 | 348,966 | ||
Total financial assets | 3,180,253 | 2,814,914 | |||
Total financial liabilities | 3,036,556 | 2,662,160 | |||
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | |||||
Cash and cash equivalents | 50,765 | 143,067 | |||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | |||||
Cash and cash equivalents | 50,765 | 143,067 | |||
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | |||||
Investment securities, trading | 3,888 | 3,950 | |||
Investment securities held to maturity, fair value | 2,879 | ||||
Loans held for sale | 9,621 | 8,987 | |||
Deposits | 2,579,675 | 2,252,725 | |||
Short-term borrowings | 204,151 | 94,167 | |||
Balance | 189,742 | 254,863 | |||
Subordinated notes | 29,532 | 29,479 | |||
Other liabilities | 37,303 | 34,052 | |||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | |||||
Investment securities, trading | 3,888 | 3,950 | |||
Investment securities held to maturity, fair value | 2,818 | ||||
Loans held for sale | 9,621 | 8,987 | |||
Deposits | 2,579,011 | 2,251,703 | |||
Short-term borrowings | 204,151 | 94,156 | |||
Balance | 186,863 | 254,796 | |||
Subordinated notes | 29,228 | 27,453 | |||
Other liabilities | 37,303 | 34,052 | |||
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member] | |||||
Net portfolio loans and leases | 2,517,939 | 2,253,131 | |||
Mortgage servicing rights | 5,582 | 5,142 | |||
Other assets | 34,465 | 30,271 | |||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | |||||
Net portfolio loans and leases | 2,505,546 | 2,273,947 | |||
Mortgage servicing rights | 6,154 | 5,726 | |||
Other assets | $ 34,465 | $ 30,271 | |||
|
Note 14 - Fair Value Measurement (Details Textual) - USD ($) $ in Thousands |
12 Months Ended | |
---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Allowance for Loan and Lease Losses [Member] | ||
Valuation Allowances and Reserves, Period Increase (Decrease) | $ (607) | $ 448 |
Note 14 - Fair Value Measurement - Fair Value of Assets Measured on Recurring and Non-recurring Basis (Details) - USD ($) $ in Millions |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Assets measured on a recurring basis | $ 573.7 | $ 352.9 |
Assets measured at fair value on a non-recurring basis | 21.5 | 22.1 |
Fair Value, Inputs, Level 1 [Member] | ||
Assets measured on a recurring basis | 219.2 | 19.3 |
Assets measured at fair value on a non-recurring basis | ||
Fair Value, Inputs, Level 2 [Member] | ||
Assets measured on a recurring basis | 354.5 | 333.6 |
Assets measured at fair value on a non-recurring basis | ||
Fair Value, Inputs, Level 3 [Member] | ||
Assets measured on a recurring basis | ||
Assets measured at fair value on a non-recurring basis | 21.5 | 22.1 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Assets measured on a recurring basis | 188.8 | 158.7 |
Assets measured at fair value on a non-recurring basis | 6.2 | 5.7 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets measured on a recurring basis | ||
Assets measured at fair value on a non-recurring basis | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets measured on a recurring basis | 188.8 | 158.7 |
Assets measured at fair value on a non-recurring basis | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets measured on a recurring basis | ||
Assets measured at fair value on a non-recurring basis | 6.2 | 5.7 |
US Treasury Securities [Member] | ||
Assets measured on a recurring basis | 200.1 | 0.1 |
US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets measured on a recurring basis | 200.1 | 0.1 |
US Treasury Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets measured on a recurring basis | ||
US Treasury Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets measured on a recurring basis | ||
Impaired Loans and Leases [Member] | ||
Assets measured at fair value on a non-recurring basis | 14.3 | 13.8 |
Impaired Loans and Leases [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets measured at fair value on a non-recurring basis | ||
Impaired Loans and Leases [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets measured at fair value on a non-recurring basis | ||
Impaired Loans and Leases [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets measured at fair value on a non-recurring basis | 14.3 | 13.8 |
US Government Agencies Debt Securities [Member] | ||
Assets measured on a recurring basis | 82.2 | 101.5 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets measured on a recurring basis | ||
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets measured on a recurring basis | 82.2 | 101.5 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets measured on a recurring basis | ||
Other Real Estate Owned [Member] | ||
Assets measured at fair value on a non-recurring basis | 1.0 | 2.6 |
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets measured at fair value on a non-recurring basis | ||
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets measured at fair value on a non-recurring basis | ||
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets measured at fair value on a non-recurring basis | 1.0 | 2.6 |
US States and Political Subdivisions Debt Securities [Member] | ||
Assets measured on a recurring basis | 33.5 | 42.0 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets measured on a recurring basis | ||
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets measured on a recurring basis | 33.5 | 42.0 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets measured on a recurring basis | ||
Collateralized Mortgage Obligations [Member] | ||
Assets measured on a recurring basis | 48.7 | 29.8 |
Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets measured on a recurring basis | ||
Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets measured on a recurring basis | 48.7 | 29.8 |
Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets measured on a recurring basis | ||
Mutual Funds [Member] | ||
Assets measured on a recurring basis | 19.1 | 19.2 |
Mutual Funds [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets measured on a recurring basis | 19.1 | 19.2 |
Mutual Funds [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets measured on a recurring basis | ||
Mutual Funds [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets measured on a recurring basis | ||
Other Debt Obligations [Member] | ||
Assets measured on a recurring basis | 1.3 | 1.6 |
Other Debt Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets measured on a recurring basis | ||
Other Debt Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets measured on a recurring basis | 1.3 | 1.6 |
Other Debt Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets measured on a recurring basis |
Note 15 - 401(K) Plan and Other Defined Contribution Plans (Details Textual) - USD ($) $ in Thousands |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Deferred Compensation Arrangement with Individual, Compensation Expense | $ 664 | $ 15 | $ 266 | |
EDCP [Member] | ||||
Deferred Compensation Arrangement with Individual, Compensation Expense | $ 272 | 164 | 239 | |
The 401(K) Plan [Member] | ||||
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 3.00% | |||
Defined Contribution Plan, Cost Recognized | $ 1,000 | 920 | 846 | |
Defined Contribution Plan, Employer Discretionary Contribution Amount | $ 126 | $ 1,300 | $ 1,100 | |
Defined Contribution Plan, Assets Transferred | $ 2,300 |
Note 16 - Pension and Postretirement Benefit Plans (Details Textual) |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2005 |
|
Number of Defined Benefit Pension Plans | 3 | |||
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements | $ (17,377,000) | |||
Deferred Compensation Plan Assets | $ 169,000 | |||
Percentage of Fair Value to Total Pension Plan Asset | 10.00% | |||
QDBP [Member] | ||||
Defined Benefit Plan Employee Eligible Age | 20.5 | |||
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements | $ (17,377,000) | |||
SERP I and SERP II [Member] | ||||
Number of Defined Benefit Pension Plans | 2 | |||
Defined Benefit Plan, Participants Amounts Frozen, Percentage | 20.00% | |||
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year | $ 259 | |||
PRBP [Member] | ||||
Defined Benefit Plan, Maximum Annual Payment, Percentage | 120.00% |
Note 16 - Pension and Postretirement Benefit Plans - Actuarial Assumptions Used to Determine Benefit Obligations (Details) |
12 Months Ended | |
---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
|
QDBP [Member] | ||
Discount rate | ||
Rate of increase for future compensation | ||
Expected long-term rate of return on plan assets | ||
SERP I and SERP II [Member] | ||
Discount rate | 3.75% | 3.90% |
Rate of increase for future compensation | ||
Expected long-term rate of return on plan assets | ||
PRBP [Member] | ||
Discount rate | 2.80% | 3.90% |
Rate of increase for future compensation | ||
Expected long-term rate of return on plan assets |
Note 16 - Pension and Postretirement Benefit Plans - Changes in Benefit Obligations and Plan Assets (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
QDBP [Member] | |||
Benefit obligation | $ 169 | $ 44,092 | |
Service cost | |||
Interest cost | 1,589 | 1,640 | |
Plan participants contribution | |||
Actuarial loss (gain) | (2,978) | ||
Settlements | (40,625) | ||
Benefits paid | (169) | (1,909) | |
Benefit obligation | 169 | 44,092 | |
Fair value of plan assets | 169 | 43,874 | |
Actual return on plan assets | 1,140 | ||
Settlements | (40,625) | ||
Excess assets transferred to defined contribution plan | (2,311) | ||
Employer contribution | |||
Benefits paid | (169) | (1,909) | |
Fair value of plan assets | 169 | 43,874 | |
Funded status at year end (plan assets less benefit obligations) | |||
Prepaid benefit cost/(accrued liability) | |||
Net actuarial loss | |||
Net included in Other Liabilities in the Consolidated Balance Sheets | |||
SERP I and SERP II [Member] | |||
Benefit obligation | 4,830 | 5,079 | |
Service cost | 61 | ||
Interest cost | 184 | 184 | 177 |
Plan participants contribution | |||
Actuarial loss (gain) | 32 | (178) | |
Settlements | |||
Benefits paid | (260) | (255) | |
Benefit obligation | 4,786 | 4,830 | 5,079 |
Fair value of plan assets | |||
Actual return on plan assets | |||
Settlements | |||
Excess assets transferred to defined contribution plan | |||
Employer contribution | 260 | 254 | |
Benefits paid | (260) | (255) | |
Fair value of plan assets | |||
Funded status at year end (plan assets less benefit obligations) | (4,786) | (4,830) | |
Prepaid benefit cost/(accrued liability) | (3,248) | (3,266) | |
Net actuarial loss | (1,539) | (1,564) | |
Net included in Other Liabilities in the Consolidated Balance Sheets | (4,786) | (4,830) | |
PRBP [Member] | |||
Benefit obligation | 493 | 540 | |
Service cost | |||
Interest cost | 17 | 18 | 29 |
Plan participants contribution | 49 | 46 | |
Actuarial loss (gain) | (6) | 27 | |
Settlements | |||
Benefits paid | (135) | (138) | |
Benefit obligation | 418 | 493 | 540 |
Fair value of plan assets | |||
Actual return on plan assets | |||
Settlements | |||
Excess assets transferred to defined contribution plan | |||
Employer contribution | 86 | 92 | |
Benefits paid | (135) | (138) | |
Fair value of plan assets | |||
Funded status at year end (plan assets less benefit obligations) | (418) | (493) | |
Prepaid benefit cost/(accrued liability) | (170) | (197) | |
Net actuarial loss | (248) | (296) | |
Net included in Other Liabilities in the Consolidated Balance Sheets | $ (418) | $ (493) |
Note 16 - Pension and Postretirement Benefit Plans - Additional Information (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Net loss on settlement of pension plan | $ 17,377 | ||
QDBP [Member] | |||
Service cost | |||
Interest cost | 1,589 | 1,640 | |
Expected return on plan assets | (3,217) | (3,348) | |
Amortization of prior service cost | |||
Recognition of net actuarial loss | 1,913 | 391 | |
Net loss on settlement of pension plan | 17,377 | ||
Net periodic pension cost (benefit) | 17,662 | (1,317) | |
SERP I and SERP II [Member] | |||
Service cost | 61 | ||
Interest cost | 184 | 184 | 177 |
Amortization of prior service cost | 14 | ||
Recognition of net actuarial loss | 57 | 63 | (33) |
Net periodic pension cost (benefit) | 241 | 247 | 219 |
Gain on curtailment | |||
PRBP [Member] | |||
Service cost | |||
Interest cost | 17 | 18 | 29 |
Recognition of net actuarial loss | 41 | 37 | 61 |
Net periodic pension cost (benefit) | $ 58 | $ 55 | $ 90 |
Discount Rate Used in the Calculation of Periodic Pension Costs | 3.90% | 3.70% | 4.60% |
Note 16 - Pension and Postretirement Benefit Plans - Benefit Payments Which Reflect Expected Future Services, Expected to Be Paid Over Next Ten Years (Details) $ in Thousands |
Dec. 31, 2016
USD ($)
|
---|---|
SERP I and SERP II [Member] | |
2017 | $ 259 |
2018 | 257 |
2019 | 256 |
2020 | 254 |
2021 | 250 |
2022-2026 | 1,671 |
PRBP [Member] | |
2017 | 78 |
2018 | 68 |
2019 | 59 |
2020 | 50 |
2021 | 42 |
2022-2026 | $ 125 |
Note 17 - Accumulated Other Comprehensive Income (Loss) - Components of Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Balance | $ (412) | $ (11,704) | $ (5,565) |
Net change | (1,997) | 11,292 | (6,139) |
Balance | (2,409) | (412) | (11,704) |
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | |||
Balance | 774 | 1,316 | (857) |
Net change | (2,005) | (542) | 2,173 |
Balance | (1,231) | 774 | 1,316 |
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | |||
Balance | (25) | 743 | |
Net change | 25 | (768) | |
Balance | (25) | ||
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | |||
Balance | (1,186) | (12,995) | (5,451) |
Net change | 8 | 11,809 | (7,544) |
Balance | $ (1,178) | $ (1,186) | $ (12,995) |
Note 17 - Accumulated Other Comprehensive Income (Loss) - Amounts Reclassified from Each Component of Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands |
3 Months Ended | 12 Months Ended | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|||
Realization of (loss) gain on sale of investment securities available for sale | $ 77 | $ (931) | $ (471) | ||||||||||
Income taxes | $ 4,684 | $ 4,346 | $ 4,810 | $ 4,328 | $ (3,276) | $ 4,084 | $ 4,296 | $ 4,068 | 18,168 | 9,172 | 15,005 | ||
Net of income tax | (9,408) | (9,374) | (8,933) | (8,321) | 6,355 | (7,496) | (8,119) | (7,494) | (36,036) | (16,754) | (27,843) | ||
Net loss on settlement of pension plan | 17,377 | ||||||||||||
(14,092) | (13,720) | (13,743) | (12,649) | 9,631 | (11,580) | (12,415) | (11,562) | (54,204) | (25,926) | (42,848) | |||
Income tax expense (benefit) | $ (4,684) | $ (4,346) | $ (4,810) | $ (4,328) | $ 3,276 | $ (4,084) | $ (4,296) | $ (4,068) | (18,168) | (9,172) | (15,005) | ||
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | |||||||||||||
Realization of (loss) gain on sale of investment securities available for sale | (77) | 931 | 471 | ||||||||||
Income taxes | 27 | (326) | (165) | ||||||||||
Net of income tax | (50) | 605 | 306 | ||||||||||
Income tax expense (benefit) | (27) | 326 | 165 | ||||||||||
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | |||||||||||||
Income taxes | 214 | ||||||||||||
Net of income tax | (397) | ||||||||||||
Realized loss on cash flow hedge | (611) | ||||||||||||
Income tax expense (benefit) | (214) | ||||||||||||
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | |||||||||||||
Income taxes | (34) | (6,787) | (152) | ||||||||||
Net of income tax | 64 | 12,603 | 281 | ||||||||||
Amortization of net loss included in net periodic pension costs* | 98 | 2,013 | 419 | ||||||||||
Net loss on settlement of pension plan | 17,377 | ||||||||||||
Amortization of prior service cost included in net periodic pension costs* | [1] | 14 | |||||||||||
Gain on curtailment | |||||||||||||
98 | 19,390 | 433 | |||||||||||
Income tax expense (benefit) | $ 34 | $ 6,787 | $ 152 | ||||||||||
|
Note 18 - Income Taxes (Details Textual) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Deferred Tax Assets, Operating Loss Carryforwards, State and Local | $ 157 | ||
Deferred Tax Assets, Valuation Allowance, Percentage | 100.00% | ||
Deferred Income Tax Expense (Benefit), Without Acquisition | $ 7,200 | ||
Unrecognized Tax Benefits, Increase Resulting from Acquisition | 2,500 | ||
Liability for Uncertainty in Income Taxes, Current | 0 | $ 0 | $ 0 |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued | 0 | ||
Internal Revenue Service (IRS) [Member] | |||
Operating Loss Carryforwards | $ 1,300 | ||
Operating Loss Carry forwards, Expiration Year | 2030 | ||
Alternative Minimum Tax Credit Carry Forward | $ 567 |
Note 18 - Income Taxes - Components of Net Deferred Tax Asset (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Deferred tax assets: | ||
Loan and lease loss reserve | $ 6,492 | $ 5,872 |
Other reserves | 3,611 | 5,509 |
Net operating loss carry-forward | 471 | 927 |
Alternative minimum tax credits | 567 | 567 |
Unrealized depreciation of available for sale securities | 663 | |
Defined benefit plans | 2,068 | 1,851 |
Total deferred tax asset | 13,872 | 14,726 |
Deferred tax liabilities: | ||
Other reserves | 52 | 461 |
Originated MSRs | 1,969 | 1,800 |
Amortizing fair value adjustments | 1,336 | 911 |
Unrealized appreciation of available for sale securities | 417 | |
Total deferred tax liability | 3,357 | 3,589 |
Total net deferred tax asset | $ 10,515 | $ 11,137 |
Note 18 - Income Taxes - Components of Provision (Details) - USD ($) $ in Thousands |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Current | $ 16,492 | $ 12,006 | $ 12,655 | ||||||||
Deferred | 1,676 | (2,834) | 2,350 | ||||||||
Total | $ 4,684 | $ 4,346 | $ 4,810 | $ 4,328 | $ (3,276) | $ 4,084 | $ 4,296 | $ 4,068 | $ 18,168 | $ 9,172 | $ 15,005 |
Note 18 - Income Taxes - Difference Between Applicable Income Taxes and the Amount Derived by Applying Statutory (Details) - USD ($) $ in Thousands |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Computed tax expense at statutory federal rate, amount | $ 18,972 | $ 9,074 | $ 14,997 | ||||||||
Computed tax expense at statutory federal rate | 35.00% | 35.00% | 35.00% | ||||||||
Tax-exempt income, amount | $ (758) | $ (622) | $ (401) | ||||||||
Tax-exempt income | (1.40%) | (2.40%) | (0.90%) | ||||||||
State tax (net of federal tax benefit), amount | $ 425 | $ 299 | $ 215 | ||||||||
State tax (net of federal tax benefit) | 0.80% | 1.20% | 0.50% | ||||||||
Non-deductible merger expense, amount | $ 105 | $ 105 | |||||||||
Non-deductible merger expense | 0.40% | 0.20% | |||||||||
Excess tax benefit – stock based compensation, amount | $ (565) | ||||||||||
Excess tax benefit – stock based compensation | (1.00%) | ||||||||||
Other, net, amount | $ 94 | $ 316 | $ 89 | ||||||||
Other, net | 0.10% | 1.20% | 0.20% | ||||||||
Total | $ 4,684 | $ 4,346 | $ 4,810 | $ 4,328 | $ (3,276) | $ 4,084 | $ 4,296 | $ 4,068 | $ 18,168 | $ 9,172 | $ 15,005 |
Total income tax expense | 33.50% | 35.40% | 35.00% |
Note 19 - Stock-based Compensation (Details Textual) - USD ($) $ in Thousands |
12 Months Ended | ||||
---|---|---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Apr. 27, 2010 |
Apr. 25, 2007 |
|
Share-based Compensation Arrangements by Share-based Payment Award, Performance Shares, Minimum Target | 0.00% | ||||
Share-based Compensation Arrangements by Share-based Payment Award, Performance Shares, Maximum Target | 150.00% | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 0 | 0 | |||
Restricted Stock Units (RSUs) [Member] | |||||
Allocated Share-based Compensation Expense | $ 590 | ||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $ 1,200 | ||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 2 years 73 days | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 33,142 | 24,514 | 16,456 | ||
Performance Shares [Member] | |||||
Allocated Share-based Compensation Expense | $ 1,100 | ||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $ 2,000 | ||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 2 years | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 23,675 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 21.87% | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | 0.82% | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Index Correlation Rate | 0.4505% | ||||
Continental Bank Holdings, Inc. ("CBH") [Member] | |||||
Share-based Compensation Arrangement, Shares Assumed Through Acquisitions, Gross | 181,256 | ||||
Share-based Compensation Arrangement Shares Assumed Through Acquisitions, Value | $ 2,300 | ||||
The 2007 Long-Term Incentive Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 428,996 | ||||
The 2010 Long-Term Incentive Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 445,002 |
Note 19 - Stock-based Compensation - Remaining Shares Authorized to Be Granted for Options, Restricted Stock Awards and Performance Stock Awards (Details) - shares |
12 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
||||||
Balance (in shares) | 216,905 | |||||||
Options, RSAs or PSAs [Member] | ||||||||
Balance (in shares) | 617,765 | 182,843 | ||||||
Shares authorized for grant (in shares) | 500,000 | 47,368 | ||||||
Expiration of unexercised options (in shares) | 3,180 | 1,750 | ||||||
Balance (in shares) | 552,959 | 617,765 | 182,843 | |||||
Restricted Stock Units (RSUs) [Member] | ||||||||
Grants (in shares) | (33,142) | (24,514) | (16,456) | |||||
Forfeitures (in shares) | 1,250 | |||||||
Performance Stock Awards [Member] | ||||||||
Balance (in shares) | 216,820 | 217,318 | 204,980 | |||||
Grants (in shares) | (45,346) | (92,474) | (71,184) | |||||
Forfeitures (in shares) | 2,344 | 22,801 | 1,900 | |||||
Balance (in shares) | 192,844 | 216,820 | 217,318 | |||||
Non-vesting (in shares) | [1] | 10,088 | 25,929 | [2] | ||||
Options, RSAs or RSUs [Member] | ||||||||
Forfeitures (in shares) | 2,560 | |||||||
Options, PSAs or PSUs [Member] | ||||||||
Forfeitures (in shares) | 22,801 | 1,900 | ||||||
|
Note 19 - Stock-based Compensation - Other Stock Option Information (Details) - $ / shares |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Options outstanding, Shares (in shares) | 290,853 | 447,966 | 591,086 |
Options outstanding, Weighted average exercise price (in dollars per share) | $ 20.88 | $ 20.94 | $ 20.73 |
Options outstanding, Weighted average grant date fair value (in dollars per share) | $ 4.85 | $ 4.75 | $ 4.70 |
Granted, Shares (in shares) | 0 | 0 | |
Granted, Weighted average exercise price (in dollars per share) | |||
Granted, Weighted average grant date fair value (in dollars per share) | |||
Assumed in the CBH Merger (in shares) | 181,256 | ||
Assumed in the CBH Merger (in dollars per share) | $ 17.73 | ||
Assumed in the CBH Merger (in dollars per share) | |||
Expired, Shares (in shares) | (3,180) | (1,750) | |
Expired, Weighted average exercise price (in dollars per share) | $ 21.33 | $ 22.31 | |
Expired, Weighted average grant date fair value (in dollars per share) | $ 4.84 | $ 4.99 | |
Exercised, Shares (in shares) | (105,830) | (335,189) | (141,370) |
Exercised, Weighted average exercise price (in dollars per share) | $ 20.61 | $ 19.25 | $ 20.06 |
Exercised, Weighted average grant date fair value (in dollars per share) | $ 7.32 | $ 4.62 | $ 4.51 |
Options outstanding, , Shares (in shares) | 185,023 | 290,853 | 447,966 |
Options outstanding, Weighted average exercise price (in dollars per share) | $ 21.04 | $ 20.88 | $ 20.94 |
Options outstanding, Weighted average grant date fair value (in dollars per share) | $ 4.88 | $ 4.85 | $ 4.75 |
Note 19 - Stock-based Compensation - Information Related to Options (Details) |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2016
$ / shares
shares
| ||||
Options outstanding options outstanding (in shares) | shares | 185,023 | |||
Options outstanding remaining contractual life (Year) | 2 years | |||
Options exercisable remaining contractual life (Year) | 2 years | |||
Options exercisable weighted average exercise price (in dollars per share) | $ 21.03 | [1] | ||
Exercise Price Range One [Member] | ||||
Range of Exercise Prices, minimum (in dollars per share) | 10.36 | |||
Range of Exercise Prices, maximum (in dollars per share) | $ 17.15 | |||
Options outstanding options outstanding (in shares) | shares | 1,383 | |||
Options outstanding remaining contractual life (Year) | 2 years 76 days | |||
Options exercisable remaining contractual life (Year) | 2 years 76 days | |||
Options exercisable weighted average exercise price (in dollars per share) | $ 12.58 | [1] | ||
Exercise Price Range Two [Member] | ||||
Range of Exercise Prices, minimum (in dollars per share) | 17.16 | |||
Range of Exercise Prices, maximum (in dollars per share) | $ 18.30 | |||
Options outstanding options outstanding (in shares) | shares | 87,725 | |||
Options outstanding remaining contractual life (Year) | 2 years 233 days | |||
Options exercisable remaining contractual life (Year) | 2 years 233 days | |||
Options exercisable weighted average exercise price (in dollars per share) | $ 18.27 | [1] | ||
Exercise Price Range Three [Member] | ||||
Range of Exercise Prices, minimum (in dollars per share) | 18.31 | |||
Range of Exercise Prices, maximum (in dollars per share) | $ 20.17 | |||
Options outstanding options outstanding (in shares) | shares | 563 | |||
Options outstanding remaining contractual life (Year) | 7 years 18 days | |||
Options exercisable remaining contractual life (Year) | 7 years 18 days | |||
Options exercisable weighted average exercise price (in dollars per share) | $ 18.33 | [1] | ||
Exercise Price Range Four [Member] | ||||
Range of Exercise Prices, minimum (in dollars per share) | 20.18 | |||
Range of Exercise Prices, maximum (in dollars per share) | $ 22.64 | |||
Options outstanding options outstanding (in shares) | shares | 23,500 | |||
Options outstanding remaining contractual life (Year) | 240 days | |||
Options exercisable remaining contractual life (Year) | 240 days | |||
Options exercisable weighted average exercise price (in dollars per share) | $ 22 | [1] | ||
Exercise Price Range Five [Member] | ||||
Range of Exercise Prices, minimum (in dollars per share) | 22.65 | |||
Range of Exercise Prices, maximum (in dollars per share) | $ 23.78 | |||
Options outstanding options outstanding (in shares) | shares | 338 | |||
Options outstanding remaining contractual life (Year) | 350 days | |||
Options exercisable remaining contractual life (Year) | 350 days | |||
Options exercisable weighted average exercise price (in dollars per share) | $ 23.28 | [1] | ||
Exercise Price Range Six [Member] | ||||
Range of Exercise Prices, minimum (in dollars per share) | 23.79 | |||
Range of Exercise Prices, maximum (in dollars per share) | $ 24.27 | |||
Options outstanding options outstanding (in shares) | shares | 71,514 | |||
Options outstanding remaining contractual life (Year) | 1 year 229 days | |||
Options exercisable remaining contractual life (Year) | 1 year 229 days | |||
Options exercisable weighted average exercise price (in dollars per share) | $ 24.27 | [1] | ||
|
Note 19 - Stock-based Compensation - Information about Unvested Options (Details) - $ / shares |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Unvested options, Shares (in shares) | 30,146 | ||
Unvested options, Weighted average grant date fair value (in dollars per share) | $ 4.42 | ||
Granted, Shares (in shares) | 0 | 0 | |
Granted, Weighted average grant date fair value (in dollars per share) | |||
Assumed in CBH Merger (in shares) | 181,256 | ||
Assumed in CBH Merger (in dollars per share) | $ 12.94 | ||
Vested, Shares (in shares) | (181,256) | (30,146) | |
Vested, Weighted average grant date fair value (in dollars per share) | $ 12.94 | $ 4.42 | |
Forfeited, Shares (in shares) | |||
Forfeited, Weighted average grant date fair value (in dollars per share) | |||
Unvested options, Shares (in shares) | |||
Unvested options, Weighted average grant date fair value (in dollars per share) |
Note 19 - Stock-based Compensation - Proceeds, Related Tax Benefits Realized from Options Exercised and Intrinsic Value of Options Exercised (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Proceeds from strike price of value of options exercised | $ 2,181 | $ 6,452 | $ 2,836 |
Related tax benefit recognized | 256 | 515 | 378 |
Proceeds of options exercised | 2,437 | 6,967 | 3,214 |
Intrinsic value of options exercised | $ 1,125 | $ 3,615 | $ 1,288 |
Note 19 - Stock-based Compensation - Options Outstanding and Exercisable (Details) - USD ($) |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
|
Number, Options outstanding (in shares) | 185,023 | 290,853 | 447,966 | 591,086 |
Number, Exercisable options (in shares) | 185,023 | 290,853 | 447,966 | |
Weighted average exercise price, Options outstanding (in dollars per share) | $ 21.04 | $ 20.88 | $ 20.94 | $ 20.73 |
Weighted average exercise price, Exercisable options (in dollars per share) | $ 21.03 | $ 20.88 | $ 20.94 | |
Aggregate intrinsic value, Options outstanding | $ 3,907,758 | $ 2,280,288 | $ 4,640,917 | |
Aggregate intrinsic value, Exercisable options | $ 3,907,758 | $ 2,280,288 | $ 4,640,917 | |
Weighted average contractual term, Options outstanding (Year) | 2 years | 2 years 328 days | 2 years 255 days | |
Weighted average contractual term, Exercisable options (Year) | 2 years | 2 years 328 days | 2 years 255 days |
Note 19 - Stock-based Compensation - Unvested Restricted Stock Awards (Details) - $ / shares |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2014 |
|
Balance (in shares) | 216,905 | |||
Restricted Stock Awards RSA [Member] | ||||
Balance (in shares) | 42,802 | 46,281 | 54,156 | |
Balance, Weighted average grant date fair value (in dollars per share) | $ 28.58 | $ 23.17 | $ 19.36 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 33,142 | 24,514 | 16,456 | |
Granted, Weighted average grant date fair value (in dollars per share) | $ 29.67 | $ 29.83 | $ 28.88 | |
Vested, Shares (in shares) | (15,832) | (27,993) | (21,771) | |
Vested, Weighted average grant date fair value (in dollars per share) | $ 27.14 | $ 20.73 | $ 18.21 | |
Forfeited, Shares (in shares) | (1,250) | (2,560) | ||
Forfeited, Weighted average grant date fair value (in dollars per share) | $ 29.12 | $ 21.48 | ||
Balance (in shares) | 58,862 | 42,802 | 46,281 | 46,281 |
Balance, Weighted average grant date fair value (in dollars per share) | $ 29.57 | $ 28.58 | $ 23.17 | $ 23.17 |
Note 19 - Stock-based Compensation - Unvested Performance Stock Awards (Details) - $ / shares |
12 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|||||||
Balance (in shares) | 216,905 | ||||||||
Performance Stock Awards [Member] | |||||||||
Balance (in shares) | 216,820 | 217,318 | 204,980 | ||||||
Balance, Weighted average grant date fair value (in dollars per share) | $ 15.07 | $ 13.41 | $ 11.90 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 45,346 | 92,474 | 71,184 | ||||||
Granted, Weighted average grant date fair value (in dollars per share) | $ 28.34 | $ 16.42 | $ 15.05 | ||||||
Vested, Shares (in shares) | (56,890) | (44,242) | (56,946) | ||||||
Vested, Weighted average grant date fair value (in dollars per share) | $ 13.38 | $ 11.80 | $ 10.07 | ||||||
Non-vesting, Shares (in shares) | [1] | (10,088) | (25,929) | [2] | |||||
Non-vesting, Weighted average grant date fair value (in dollars per share) | [1] | $ 13.38 | $ 11.80 | ||||||
Forfeited, Shares (in shares) | (2,344) | (22,801) | (1,900) | ||||||
Forfeited, Weighted average grant date fair value (in dollars per share) | $ 15.37 | $ 14.75 | $ 12.32 | ||||||
Balance (in shares) | 192,844 | 216,820 | 217,318 | ||||||
Balance, Weighted average grant date fair value (in dollars per share) | $ 18.77 | $ 15.07 | $ 13.41 | ||||||
|
Note 20 - Earnings Per Share - Calculation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands |
3 Months Ended | 12 Months Ended | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|||||||||||||
Net Income | $ 9,408 | $ 9,374 | $ 8,933 | $ 8,321 | $ (6,355) | $ 7,496 | $ 8,119 | $ 7,494 | $ 36,036 | $ 16,754 | $ 27,843 | ||||||||||||
Weighted-average basic shares outstanding (in shares) | [1] | 16,859,623 | 17,488,325 | 13,566,239 | |||||||||||||||||||
Dilutive shares (in shares) | 168,499 | 267,996 | 294,801 | ||||||||||||||||||||
Denominator for diluted earnings per share – Adjusted weighted average shares outstanding (in shares) | 17,028,122 | 17,756,321 | 13,861,040 | ||||||||||||||||||||
Basic earnings per common share* (in dollars per share) | $ 0.56 | [2] | $ 0.56 | [2] | $ 0.53 | [2] | $ 0.49 | [2] | $ (0.37) | [2] | $ 0.43 | [2] | $ 0.46 | [2] | $ 0.43 | [2] | $ 2.14 | $ 0.96 | $ 2.05 | ||||
Diluted earnings per common share* (in dollars per share) | $ 0.55 | [2] | $ 0.55 | [2] | $ 0.52 | [2] | $ 0.49 | [2] | $ (0.37) | [2] | $ 0.42 | [2] | $ 0.45 | [2] | $ 0.42 | [2] | $ 2.12 | $ 0.94 | $ 2.01 | ||||
Antidilutive shares excluded from computation of average dilutive earnings per share (in shares) | |||||||||||||||||||||||
|
Note 21 - Other Operating Income - Components of Other Operating Income (Details) - USD ($) $ in Thousands |
11 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|
Dec. 13, 2016 |
Dec. 13, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Merchant interchange fees | $ 1,381 | $ 1,238 | $ 934 | ||
Bank owned life insurance income | 908 | 783 | 315 | ||
Commissions and fees | 673 | 867 | 637 | ||
Safe deposit box rentals | 382 | 384 | 389 | ||
Other investment income | 223 | 248 | 142 | ||
Rent income | 163 | 175 | 164 | ||
Miscellaneous other income | 1,138 | 1,154 | 502 | ||
Other operating income | $ 4,868 | $ 4,849 | $ 4,868 | $ 4,849 | $ 3,083 |
Note 22 - Other Operating Expense - Components of Other Operating Expense (Details) - USD ($) $ in Thousands |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Telephone and data lines | $ 1,620 | $ 1,704 | $ 1,332 | ||||||||
FDIC insurance | 1,616 | 1,447 | 1,046 | ||||||||
Temporary help and recruiting | 1,522 | 1,362 | 1,171 | ||||||||
Loan processing | 164 | 1,285 | 723 | ||||||||
Debt prepayment penalty | 1,131 | 526 | |||||||||
Travel and entertainment | 894 | 868 | 725 | ||||||||
Insurance | 788 | 770 | 759 | ||||||||
MSR amortization and impairment | 881 | 660 | 532 | ||||||||
Stationary and supplies | 518 | 623 | 445 | ||||||||
Director fees | 566 | 568 | 443 | ||||||||
Postage | 551 | 540 | 471 | ||||||||
Outsourced services | 569 | 508 | 432 | ||||||||
Contributions | 957 | 468 | 403 | ||||||||
Dues and subscriptions | 456 | 441 | 368 | ||||||||
Portfolio maintenance | 391 | 385 | 389 | ||||||||
Other taxes | 45 | 80 | 51 | ||||||||
Deferred compensation expense | 664 | 15 | 266 | ||||||||
Miscellaneous other expense | 1,505 | 1,643 | 1,490 | ||||||||
Other operating expense | $ 24,958 | $ 25,477 | $ 26,259 | $ 25,051 | $ 46,951 | $ 25,403 | $ 25,982 | $ 27,429 | $ 13,707 | $ 14,498 | $ 11,572 |
Note 23 - Related Party Transactions (Details Textual) - USD ($) $ in Millions |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Related Party Deposit Liabilities | $ 6.0 | $ 3.6 |
Note 23 - Related Party Transactions - Loan Activity, Loans Granted to Principal Officers, Directors and Their Affiliates (Details) - USD ($) $ in Thousands |
12 Months Ended | |
---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Loan balances | $ 11,386 | $ 2,874 |
Additions | 1,227 | 9,115 |
Amounts collected | (889) | (603) |
Loan balances | $ 11,724 | $ 11,386 |
Note 24 - Financial Instruments with Off-Balance Sheet Risk, Contingencies and Concentration of Credit Risk (Details Textual) |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Loss Contingency, Pending Claims, Number | 0 | ||
Loss Contingency, Claims Settled, Number | 0 | 0 | 0 |
Bank Acceptances Executed and Outstanding | $ 0 | ||
Standby Letters of Credit [Member] | |||
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability | 12,700,000 | ||
Commitments to Extend Credit [Member] | |||
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability | $ 675,400,000 |
Note 25 - Dividend Restrictions (Details Textual) $ in Thousands |
12 Months Ended |
---|---|
Dec. 31, 2016
USD ($)
| |
Retained Earnings, Unappropriated | $ 364 |
Proceeds from Dividends Received | 16,000 |
Dividend Distribution Restrictions, Amount of Net Income (Loss) | $ 364 |
Note 26 - Regulatory Capital Requirements (Details Textual) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Jan. 01, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Shelf Registration Statement Maximum Amount of Securities Authorized for Issuance | $ 200,000 | ||
Shelf Registration Shares After Amendment | 1,500,000 | ||
Maximum Stock Issuable Under Stock Purchase and Dividend Reinvestment Plan | $ 120 | ||
Stock Repurchased During Period, Shares | 862,500 | 286,700 | |
Request for Waiver Value Approved in Period | $ 0 | ||
Dividend Reinvestment and Share Purchase Plan [Member] | |||
Stock Issued During Period, Shares, New Issues | 0 | ||
Continental Bank Holdings, Inc. ("CBH") [Member] | |||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 3,878,383 | ||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 121,400 |
Note 26 - Regulatory Capital Requirements - Capital Amounts and Ratios (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Total (Tier II) capital to risk weighted assets, actual, amount | $ 318,191 | $ 302,236 |
Total (Tier II) capital to risk weighted assets, actual, ratio | 12.35% | 12.61% |
Total (Tier II) capital to risk weighted assets, minimum to be well capitalized, amount | $ 257,651 | $ 239,680 |
Total (Tier II) capital to risk weighted assets, minimum to be well capitalized, ratio | 10.00% | 10.00% |
Tier I capital to risk weighted assets, actual, amount | $ 270,845 | $ 256,900 |
Tier I capital to risk weighted assets, actual, ratio | 10.51% | 10.72% |
Tier I capital to risk weighted assets, minimum to be well capitalized, amount | $ 206,121 | $ 191,716 |
Tier I capital to risk weighted assets, minimum to be well capitalized, ratio | 8.00% | 8.00% |
Tier I capital to average assets, actual, amount | $ 270,845 | $ 256,900 |
Tier I capital to average assets, actual, ratio | 8.73% | 9.02% |
Tier I capital to average assets, minimum to be well capitalized, amount | $ 201,546 | $ 185,127 |
Tier I capital to average assets, minimum to be well capitalized, ratio | 6.50% | 6.50% |
Common equity tier I capital to risk weighted assets, actual, amount | $ 270,845 | $ 256,900 |
Common equity tier I capital to risk weighted assets, actual, ratio | 10.51% | 10.72% |
Common equity tier I capital to risk weighted assets, minimum to be well capitalized, amount | $ 128,826 | $ 119,823 |
Common equity tier I capital to risk weighted assets, minimum to be well capitalized, ratio | 5.00% | 5.00% |
Subsidiaries [Member] | ||
Total (Tier II) capital to risk weighted assets, actual, amount | $ 287,897 | $ 257,716 |
Total (Tier II) capital to risk weighted assets, actual, ratio | 11.19% | 10.78% |
Total (Tier II) capital to risk weighted assets, minimum to be well capitalized, amount | $ 257,179 | $ 239,069 |
Total (Tier II) capital to risk weighted assets, minimum to be well capitalized, ratio | 10.00% | 10.00% |
Tier I capital to risk weighted assets, actual, amount | $ 270,083 | $ 241,859 |
Tier I capital to risk weighted assets, actual, ratio | 10.50% | 10.12% |
Tier I capital to risk weighted assets, minimum to be well capitalized, amount | $ 205,743 | $ 191,193 |
Tier I capital to risk weighted assets, minimum to be well capitalized, ratio | 8.00% | 8.00% |
Tier I capital to average assets, actual, amount | $ 270,083 | $ 241,859 |
Tier I capital to average assets, actual, ratio | 8.73% | 8.51% |
Tier I capital to average assets, minimum to be well capitalized, amount | $ 201,189 | $ 184,734 |
Tier I capital to average assets, minimum to be well capitalized, ratio | 6.50% | 6.50% |
Common equity tier I capital to risk weighted assets, actual, amount | $ 270,083 | $ 241,859 |
Common equity tier I capital to risk weighted assets, actual, ratio | 10.50% | 10.12% |
Common equity tier I capital to risk weighted assets, minimum to be well capitalized, amount | $ 128,589 | $ 119,496 |
Common equity tier I capital to risk weighted assets, minimum to be well capitalized, ratio | 5.00% | 5.00% |
Note 27 - Selected Quarterly Financial Data (Unaudited) - Selected Quarterly Financial Data (Details) - USD ($) $ / shares in Units, $ in Thousands |
3 Months Ended | 12 Months Ended | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|||||||||||
Interest income | $ 29,922 | $ 29,514 | $ 29,286 | $ 28,269 | $ 27,766 | $ 27,029 | $ 26,993 | $ 26,754 | $ 116,991 | $ 108,542 | $ 82,906 | ||||||||||
Interest expense | 2,932 | 2,797 | 2,659 | 2,367 | 2,337 | 2,196 | 1,923 | 1,959 | 10,755 | 8,415 | 6,078 | ||||||||||
Net interest income | 26,990 | 26,717 | 26,627 | 25,902 | 25,429 | 24,833 | 25,070 | 24,795 | 106,236 | 100,127 | 76,828 | ||||||||||
Provision for loan and lease losses | 1,059 | 1,412 | 445 | 1,410 | 1,777 | 1,200 | 850 | 569 | 4,326 | 4,396 | 884 | ||||||||||
Other income | 13,119 | 13,892 | 13,820 | 13,208 | 13,668 | 13,350 | 14,177 | 14,765 | |||||||||||||
Other expense | 24,958 | 25,477 | 26,259 | 25,051 | 46,951 | 25,403 | 25,982 | 27,429 | 13,707 | 14,498 | 11,572 | ||||||||||
Income before income taxes | 14,092 | 13,720 | 13,743 | 12,649 | (9,631) | 11,580 | 12,415 | 11,562 | 54,204 | 25,926 | 42,848 | ||||||||||
Income taxes | 4,684 | 4,346 | 4,810 | 4,328 | (3,276) | 4,084 | 4,296 | 4,068 | 18,168 | 9,172 | 15,005 | ||||||||||
Net Income | $ 9,408 | $ 9,374 | $ 8,933 | $ 8,321 | $ (6,355) | $ 7,496 | $ 8,119 | $ 7,494 | $ 36,036 | $ 16,754 | $ 27,843 | ||||||||||
Basic earnings per common share* (in dollars per share) | $ 0.56 | [1] | $ 0.56 | [1] | $ 0.53 | [1] | $ 0.49 | [1] | $ (0.37) | [1] | $ 0.43 | [1] | $ 0.46 | [1] | $ 0.43 | [1] | $ 2.14 | $ 0.96 | $ 2.05 | ||
Diluted earnings per common share* (in dollars per share) | 0.55 | [1] | 0.55 | [1] | 0.52 | [1] | 0.49 | [1] | (0.37) | [1] | 0.42 | [1] | 0.45 | [1] | 0.42 | [1] | 2.12 | 0.94 | 2.01 | ||
Dividends declared per share (in dollars per share) | $ 0.21 | $ 0.21 | $ 0.20 | $ 0.20 | $ 0.20 | $ 0.20 | $ 0.19 | $ 0.19 | $ 0.82 | $ 0.78 | $ 0.74 | ||||||||||
|
Note 28 - Parent Company - Only Financial Statements - Condensed Balance Sheets (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
---|---|---|---|---|
Assets | ||||
Cash | $ 50,765 | $ 143,067 | $ 219,269 | $ 81,071 |
Premises and equipment, net | 41,778 | 45,339 | ||
Goodwill | 104,765 | 104,765 | 35,781 | |
Other assets | 23,168 | 25,105 | ||
Total assets | 3,421,530 | 3,030,997 | 2,246,500 | |
Liabilities and shareholders’ equity: | ||||
Subordinated notes | 29,532 | 29,479 | ||
Other liabilities | 34,569 | 32,201 | ||
Total liabilities | 3,040,403 | 2,665,286 | ||
Common stock, par value $1; authorized 100,000,000 shares; issued 21,110,968 and 20,931,416 shares as of December 31, 2016 and December 31, 2015, respectively, and outstanding of 16,939,715 and 17,071,523 as of December 31, 2016 and December 31, 2015, respectively | 21,111 | 20,931 | ||
Paid-in capital in excess of par value | 232,806 | 228,814 | ||
Less: Common stock in treasury at cost - 4,171,253 and 3,859,893 shares as of December 31, 2016 and December 31, 2015, respectively | (66,950) | (58,144) | ||
Accumulated other comprehensive loss, net of tax | (2,409) | (412) | (11,704) | (5,565) |
Retained earnings | 196,569 | 174,522 | ||
Total shareholders’ equity | 381,127 | 365,711 | 245,474 | 229,898 |
Total liabilities and shareholders’ equity | 3,421,530 | 3,030,997 | ||
Parent Company [Member] | ||||
Assets | ||||
Cash | 23,663 | 37,992 | $ 5,269 | $ 5,435 |
Investment securities | 400 | 404 | ||
Investments in subsidiaries, as equity in net assets | 384,751 | 354,148 | ||
Premises and equipment, net | 2,288 | 2,386 | ||
Goodwill | 245 | 245 | ||
Other assets | 1,435 | 1,704 | ||
Total assets | 412,782 | 396,879 | ||
Liabilities and shareholders’ equity: | ||||
Subordinated notes | 29,532 | 29,479 | ||
Other liabilities | 2,123 | 1,689 | ||
Total liabilities | 31,655 | 31,168 | ||
Common stock, par value $1; authorized 100,000,000 shares; issued 21,110,968 and 20,931,416 shares as of December 31, 2016 and December 31, 2015, respectively, and outstanding of 16,939,715 and 17,071,523 as of December 31, 2016 and December 31, 2015, respectively | 21,111 | 20,931 | ||
Paid-in capital in excess of par value | 232,806 | 228,814 | ||
Less: Common stock in treasury at cost - 4,171,253 and 3,859,893 shares as of December 31, 2016 and December 31, 2015, respectively | (66,950) | (58,144) | ||
Accumulated other comprehensive loss, net of tax | (2,409) | (412) | ||
Retained earnings | 196,569 | 174,522 | ||
Total shareholders’ equity | 381,127 | 365,711 | ||
Total liabilities and shareholders’ equity | $ 412,782 | $ 396,879 |
Note 28 - Parent Company - Only Financial Statements - Condensed Balance Sheets (Details) (Parentheticals) - $ / shares |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Common stock, par value (in dollars per share) | $ 1 | $ 1 |
Common stock, shares authorized (in shares) | 100,000,000 | 100,000,000 |
Common stock, shares issued (in shares) | 21,110,968 | 20,931,416 |
Common stock, shares outstanding (in shares) | 16,939,715 | 17,071,523 |
Treasury stock, shares (in shares) | 4,171,253 | 3,859,893 |
Parent Company [Member] | ||
Common stock, par value (in dollars per share) | $ 1 | $ 1 |
Common stock, shares authorized (in shares) | 100,000,000 | 100,000,000 |
Common stock, shares issued (in shares) | 21,110,968 | 20,931,416 |
Common stock, shares outstanding (in shares) | 16,939,715 | 17,071,523 |
Treasury stock, shares (in shares) | 4,171,253 | 3,859,893 |
Note 28 - Parent Company - Only Financial Statements - Condensed Statements of Income (Details) - USD ($) $ in Thousands |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Income before equity in undistributed income of subsidiaries | $ 54,204 | $ 25,926 | $ 42,848 | ||||||||
Income before income taxes | $ 14,092 | $ 13,720 | $ 13,743 | $ 12,649 | $ (9,631) | $ 11,580 | $ 12,415 | $ 11,562 | 54,204 | 25,926 | 42,848 |
Income taxes | 4,684 | 4,346 | 4,810 | 4,328 | (3,276) | 4,084 | 4,296 | 4,068 | 18,168 | 9,172 | 15,005 |
Net Income | $ 9,408 | $ 9,374 | $ 8,933 | $ 8,321 | $ (6,355) | $ 7,496 | $ 8,119 | $ 7,494 | 36,036 | 16,754 | 27,843 |
Parent Company [Member] | |||||||||||
Dividends from subsidiaries | 17,718 | 34,234 | 12,160 | ||||||||
Interest and other income | 2,714 | 2,128 | 2,156 | ||||||||
Total operating income | 20,432 | 36,362 | 14,316 | ||||||||
Expenses | 2,443 | 2,140 | 1,849 | ||||||||
Income before equity in undistributed income of subsidiaries | 17,989 | 34,222 | 12,467 | ||||||||
Equity in undistributed income of subsidiaries | 17,600 | (17,427) | 15,480 | ||||||||
Income before income taxes | 35,589 | 16,795 | 27,947 | ||||||||
Income taxes | (447) | 41 | 104 | ||||||||
Net Income | $ 36,036 | $ 16,754 | $ 27,843 |
Note 28 - Parent Company - Only Financial Statements - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands |
3 Months Ended | 12 Months Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Aug. 06, 2015 |
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Operating activities: | ||||||||||||
Net Income | $ 9,408 | $ 9,374 | $ 8,933 | $ 8,321 | $ (6,355) | $ 7,496 | $ 8,119 | $ 7,494 | $ 36,036 | $ 16,754 | $ 27,843 | |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
Net amortization of investment premiums and discounts | 3,200 | 3,280 | 2,299 | |||||||||
Stock based compensation cost | 1,713 | 1,441 | 1,256 | |||||||||
Other, net | (899) | 1,049 | 2,822 | |||||||||
Net cash provided by operating activities | 54,228 | 37,928 | 37,678 | |||||||||
Investing activities: | ||||||||||||
Proceeds from maturity and paydowns of investment securities available for sale | 65,176 | 66,209 | 40,801 | |||||||||
Acquisitions, net of cash acquired | 16,129 | (4,125) | ||||||||||
Financing activities: | ||||||||||||
Dividends paid | (13,961) | (13,837) | (10,189) | |||||||||
Net proceeds from issuance of subordinated notes | $ 29,500 | 29,456 | ||||||||||
Net (purchase of) proceeds from sale of treasury stock for deferred compensation plans | (133) | (128) | 79 | |||||||||
Net purchase of treasury stock through publicly announced plans | (7,971) | (26,418) | (947) | |||||||||
Proceeds from issuance of common stock | 20 | 72 | ||||||||||
Excess tax benefit from stock-based compensation | 783 | 831 | ||||||||||
Cash payments to taxing authorities on employees' behalf from shares withheld from stock-based compensation | (745) | |||||||||||
Proceeds from exercise of stock options | 2,181 | 6,452 | 2,836 | |||||||||
Change in cash and cash equivalents | (92,302) | (76,202) | 138,198 | |||||||||
Cash and cash equivalents at beginning of period | 143,067 | 219,269 | 143,067 | 219,269 | 81,071 | |||||||
Cash and cash equivalents at end of period | 50,765 | 143,067 | 50,765 | 143,067 | 219,269 | |||||||
Parent Company [Member] | ||||||||||||
Operating activities: | ||||||||||||
Net Income | 36,036 | 16,754 | 27,843 | |||||||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
Equity in undistributed income of subsidiaries | (17,600) | 17,427 | (15,480) | |||||||||
Net amortization of investment premiums and discounts | 151 | 121 | 98 | |||||||||
Stock based compensation cost | 1,713 | 1,441 | 1,256 | |||||||||
Other, net | 1,000 | 508 | 485 | |||||||||
Net cash provided by operating activities | 21,300 | 36,251 | 14,202 | |||||||||
Investing activities: | ||||||||||||
Investment in subsidiaries | (15,000) | |||||||||||
Proceeds from maturity and paydowns of investment securities available for sale | 16 | |||||||||||
Acquisitions, net of cash acquired | 128 | |||||||||||
Net cash (used in) provided by investing activities | (15,000) | 144 | ||||||||||
Financing activities: | ||||||||||||
Dividends paid | (13,961) | (13,837) | (10,189) | |||||||||
Change in other borrowings | (7,050) | |||||||||||
Net proceeds from issuance of subordinated notes | 29,456 | |||||||||||
Net (purchase of) proceeds from sale of treasury stock for deferred compensation plans | (133) | (128) | 79 | |||||||||
Net purchase of treasury stock through publicly announced plans | (7,971) | (26,418) | (947) | |||||||||
Proceeds from issuance of common stock | 20 | 72 | ||||||||||
Payment of contingent consideration for business combinations | ||||||||||||
Excess tax benefit from stock-based compensation | 783 | 831 | ||||||||||
Cash payments to taxing authorities on employees' behalf from shares withheld from stock-based compensation | (745) | |||||||||||
Proceeds from exercise of stock options | 2,181 | 6,452 | 2,836 | |||||||||
Net cash used by financing activities | (20,629) | (3,672) | (14,368) | |||||||||
Change in cash and cash equivalents | (14,329) | 32,723 | (166) | |||||||||
Cash and cash equivalents at beginning of period | $ 37,992 | $ 5,269 | 37,992 | 5,269 | 5,435 | |||||||
Cash and cash equivalents at end of period | $ 23,663 | $ 37,992 | $ 23,663 | $ 37,992 | $ 5,269 |
Note 29 - Segment Information - Detail Segment Information (Details) - USD ($) $ in Thousands |
3 Months Ended | 12 Months Ended | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
||||
Net interest income | $ 26,990 | $ 26,717 | $ 26,627 | $ 25,902 | $ 25,429 | $ 24,833 | $ 25,070 | $ 24,795 | $ 106,236 | $ 100,127 | $ 76,828 | |||
Provision for loan and lease losses | 1,059 | $ 1,412 | $ 445 | $ 1,410 | 1,777 | $ 1,200 | $ 850 | $ 569 | 4,326 | 4,396 | 884 | |||
Net interest income after loan loss provision | 101,910 | 95,731 | 75,944 | |||||||||||
Fees for wealth management services | 36,690 | 36,894 | 36,774 | |||||||||||
Service charges on deposit accounts | 2,791 | 2,927 | 2,578 | |||||||||||
Loan servicing and other fees | 1,939 | 2,087 | 1,755 | |||||||||||
Net gain on sale of loans | 3,119 | 3,022 | 1,772 | |||||||||||
Net gain (loss) on sale of available for sale securities | (77) | 931 | 471 | |||||||||||
Net gain (loss) on sale of other real estate owned | (76) | 123 | 175 | |||||||||||
Insurance commissions | 3,722 | 3,745 | 1,099 | |||||||||||
Other operating income | 5,931 | 6,231 | 3,587 | |||||||||||
Total other income | 54,039 | 55,960 | 48,322 | |||||||||||
Salaries and wages | 47,411 | 44,575 | 37,113 | |||||||||||
Employee benefits | 9,548 | 10,205 | 7,340 | |||||||||||
Net loss on settlement of pension plan | 17,377 | |||||||||||||
Occupancy and bank premises | 9,611 | 10,305 | 7,305 | |||||||||||
Amortization of intangible assets | 3,498 | 4,214 | 2,659 | |||||||||||
Professional fees | 3,659 | 3,353 | 3,017 | |||||||||||
Other operating expenses | 28,018 | 36,123 | 23,984 | |||||||||||
Total other expenses | 101,745 | 125,765 | 81,418 | |||||||||||
Segment profit | 54,204 | 25,926 | 42,848 | |||||||||||
Intersegment (revenues) expenses* | [1] | |||||||||||||
Pre-tax segment profit after eliminations | $ 54,204 | $ 25,926 | $ 42,848 | |||||||||||
% of segment pre-tax profit after eliminations | 100.00% | 100.00% | 100.00% | |||||||||||
Segment assets (dollars in millions) | 3,421,530 | 3,030,997 | $ 3,421,530 | $ 3,030,997 | $ 2,246,500 | |||||||||
Banking [Member] | ||||||||||||||
Net interest income | 106,233 | 100,124 | 76,825 | |||||||||||
Provision for loan and lease losses | 4,326 | 4,396 | 884 | |||||||||||
Net interest income after loan loss provision | 101,907 | 95,728 | 75,941 | |||||||||||
Fees for wealth management services | ||||||||||||||
Service charges on deposit accounts | 2,791 | 2,927 | 2,578 | |||||||||||
Loan servicing and other fees | 1,939 | 2,087 | 1,755 | |||||||||||
Net gain on sale of loans | 3,119 | 3,022 | 1,772 | |||||||||||
Net gain (loss) on sale of available for sale securities | (77) | 931 | 471 | |||||||||||
Net gain (loss) on sale of other real estate owned | (76) | 123 | 175 | |||||||||||
Insurance commissions | ||||||||||||||
Other operating income | 5,773 | 6,082 | 3,419 | |||||||||||
Total other income | 13,469 | 15,172 | 10,170 | |||||||||||
Salaries and wages | 32,321 | 30,391 | 24,612 | |||||||||||
Employee benefits | 6,257 | 7,298 | 4,306 | |||||||||||
Net loss on settlement of pension plan | 17,377 | |||||||||||||
Occupancy and bank premises | 8,005 | 8,662 | 5,753 | |||||||||||
Amortization of intangible assets | 872 | 1,172 | 276 | |||||||||||
Professional fees | 3,516 | 3,227 | 2,923 | |||||||||||
Other operating expenses | 24,183 | 32,150 | 20,457 | |||||||||||
Total other expenses | 75,154 | 100,277 | 58,327 | |||||||||||
Segment profit | 40,222 | 10,623 | 27,784 | |||||||||||
Intersegment (revenues) expenses* | [1] | (396) | (422) | (372) | ||||||||||
Pre-tax segment profit after eliminations | $ 39,826 | $ 10,201 | $ 27,412 | |||||||||||
% of segment pre-tax profit after eliminations | 73.50% | 39.30% | 64.00% | |||||||||||
Segment assets (dollars in millions) | 3,377,100 | 2,983,200 | $ 3,377,100 | $ 2,983,200 | $ 2,197,800 | |||||||||
Wealth [Member] | ||||||||||||||
Net interest income | 3 | 3 | 3 | |||||||||||
Provision for loan and lease losses | ||||||||||||||
Net interest income after loan loss provision | 3 | 3 | 3 | |||||||||||
Fees for wealth management services | 36,690 | 36,894 | 36,774 | |||||||||||
Service charges on deposit accounts | ||||||||||||||
Loan servicing and other fees | ||||||||||||||
Net gain on sale of loans | ||||||||||||||
Net gain (loss) on sale of available for sale securities | ||||||||||||||
Net gain (loss) on sale of other real estate owned | ||||||||||||||
Insurance commissions | 3,722 | 3,745 | 1,210 | |||||||||||
Other operating income | 158 | 149 | 168 | |||||||||||
Total other income | 40,570 | 40,788 | 38,152 | |||||||||||
Salaries and wages | 15,090 | 14,184 | 12,501 | |||||||||||
Employee benefits | 3,291 | 2,907 | 3,034 | |||||||||||
Net loss on settlement of pension plan | ||||||||||||||
Occupancy and bank premises | 1,606 | 1,643 | 1,552 | |||||||||||
Amortization of intangible assets | 2,626 | 2,655 | 2,383 | |||||||||||
Professional fees | 143 | 126 | 94 | |||||||||||
Other operating expenses | 3,835 | 3,973 | 3,527 | |||||||||||
Total other expenses | 26,591 | 25,488 | 23,091 | |||||||||||
Segment profit | 13,982 | 15,303 | 15,064 | |||||||||||
Intersegment (revenues) expenses* | [1] | 396 | 422 | 372 | ||||||||||
Pre-tax segment profit after eliminations | $ 14,378 | $ 15,725 | $ 15,436 | |||||||||||
% of segment pre-tax profit after eliminations | 26.50% | 60.70% | 36.00% | |||||||||||
Segment assets (dollars in millions) | $ 44,400 | $ 47,800 | $ 44,400 | $ 47,800 | $ 48,700 | |||||||||
|
Note 29 - Segment Information - Wealth Management Segment Information (Details) - USD ($) |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Assets under management, administration, supervision and brokerage | $ 11,328,500 | $ 8,364,800 |
Note 30 - Subsequent Events (Details Textual) - Royal Bancshares of Pennsylvania, Inc. [Member] - Scenario, Forecast [Member] $ in Thousands |
2 Months Ended | 3 Months Ended |
---|---|---|
Mar. 31, 2017
USD ($)
|
Mar. 31, 2017
USD ($)
|
|
Business Combination, Consideration Transferred | $ 127,700 | $ 127,700 |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables | 602,000 | 602,000 |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposit Liabilities | $ 630,000 | $ 630,000 |
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