XML 79 R67.htm IDEA: XBRL DOCUMENT v3.20.2
Borrowed Funds - Subordinated Debt (Details) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2014
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
Mar. 31, 2007
Subordinated Debt                
Balance at end of period   $ 4,124,000   $ 4,124,000   $ 4,124,000    
Interest expense on borrowed funds   23,000 $ 287,000 58,000 $ 572,000      
Subordinated debt redeemed           12,400,000    
Subordinated Debt                
Subordinated Debt                
Balance at end of period   4,124,000   $ 4,124,000   4,124,000    
Average balance during the period   4,124,000       12,125,000    
Maximum month-end balance   $ 4,124,000       $ 17,524,000    
Weighted-average rate during the period   2.31%       6.35%    
Weighted-average rate at end of period   1.93%   1.93%   3.51%    
Interest expense on borrowed funds       $ 58,000 $ 572,000      
Subordinated debt converted, amount           $ 1,000,000.0 $ 16,000,000.0  
Converted subordinated debt, shares issued           62,500 1,000,000  
Annual interest expense savings           $ 970,000 $ 1,100,000  
Subordinated Debt | Subordinated Debentures                
Subordinated Debt                
Face amount of debt issued               $ 4,000,000
Subordinated Debt | Subordinated Debentures | LIBOR                
Subordinated Debt                
Variable rate basis spread       1.62%        
Subordinated Debt | Convertible Subordinated Promissory Notes Due 2024                
Subordinated Debt                
Face amount of debt issued $ 29,400,000              
Debt instrument, increment amounts 100,000              
Debt instrument, minimum investment amount $ 1,000,000              
Term of debt instrument 10 years              
Debt instrument, maximum interest rate after fifth anniversary   9.00%   9.00%        
Debt instrument, minimum period from issuance that principal may be prepaid       5 years        
Debt instrument, threshold consecutive trading days for conversion after first, second, third, fourth, and fifth anniversaries of the issuance       5 days        
Debt instrument, conversion price (in dollars per share)   $ 16   $ 16        
Debt instrument, notice period of intent to prepay       20 days        
Debt instrument, issuance threshold amount requiring consent of holders   $ 15,000,000   $ 15,000,000        
Debt instrument, redemption price percentage       100.00%        
Debt instrument, required period before redemption       5 years        
Subordinated Debt | Convertible Subordinated Promissory Notes Due 2024 | LIBOR                
Subordinated Debt                
Debt instrument, basis spread on variable rate after fifth anniversary       5.00%        
Subordinated Debt | Convertible Subordinated Promissory Notes Due 2024 | Debtholder Investments Less Than Three Million Dollars                
Subordinated Debt                
Debt instrument, investment amount of holder   $ 3,000,000   $ 3,000,000        
Debt instrument, minimum ownership of common stock as percentage of principal acquired   30.00%   30.00%        
Interest rate on debt security   7.00%   7.00%        
Subordinated Debt | Convertible Subordinated Promissory Notes Due 2024 | Debtholder Investments Of Three Million Dollars Or Greater                
Subordinated Debt                
Debt instrument, investment amount of holder   $ 3,000,000   $ 3,000,000        
Debt instrument, minimum ownership of common stock as percentage of principal acquired   30.00%   30.00%        
Interest rate on debt security   7.50%   7.50%        
Subordinated Debt | Convertible Subordinated Promissory Notes Due 2024 | Debtholder Investments Of Ten Million Dollars Or Greater                
Subordinated Debt                
Debt instrument, investment amount of holder   $ 10,000,000   $ 10,000,000        
Interest rate on debt security   7.00%   7.00%