0001206774-18-003093.txt : 20181102 0001206774-18-003093.hdr.sgml : 20181102 20181102144205 ACCESSION NUMBER: 0001206774-18-003093 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 98 CONFORMED PERIOD OF REPORT: 20180930 FILED AS OF DATE: 20181102 DATE AS OF CHANGE: 20181102 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ConnectOne Bancorp, Inc. CENTRAL INDEX KEY: 0000712771 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 521273725 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-11486 FILM NUMBER: 181156617 BUSINESS ADDRESS: STREET 1: 301 SYLVAN AVENUE CITY: ENGLEWOOD CLIFFS STATE: NJ ZIP: 07632 BUSINESS PHONE: 2018168900 MAIL ADDRESS: STREET 1: 301 SYLVAN AVENUE CITY: ENGLEWOOD CLIFFS STATE: NJ ZIP: 07632 FORMER COMPANY: FORMER CONFORMED NAME: CENTER BANCORP INC DATE OF NAME CHANGE: 19920703 10-Q 1 connect3491721-10q.htm QUARTERLY REPORT

UNITED STATES OF AMERICA
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

(Mark One)


QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 

For the Quarterly Period Ended September 30, 2018

OR

 
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: 000-11486

CONNECTONE BANCORP, INC.
(Exact Name of Registrant as Specified in Its Charter)

New Jersey 52-1273725
(State or Other Jurisdiction of (IRS Employer
Incorporation or Organization) Identification No.)

301 Sylvan Avenue
Englewood Cliffs, New Jersey 07632
(Address of Principal Executive Offices) (Zip Code)

201-816-8900
(Registrant’s Telephone Number, Including Area Code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that 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 whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or emerging growth company. See definition of “large accelerated filer”, “accelerated filer” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act (check one):

Large accelerated filer ☐ Accelerated filer ☒ Non-accelerated filer ☐ Smaller reporting company ☐
(Do not check if smaller Emerging growth company ☐
reporting company)

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Common Stock, no par value:
(Title of Class)
32,239,928 shares
(Outstanding as of November 1, 2018)


Table of Contents

       Page
PART I – FINANCIAL INFORMATION
 
Item 1.        Financial Statements
Consolidated Statements of Condition at September 30, 2018 (unaudited) and December 31, 2017 3
Consolidated Statements of Income for the three and nine months ended September 30, 2018 and 2017 (unaudited) 4
Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2018 and 2017 (unaudited) 5
Consolidated Statements of Changes in Stockholders’ Equity for the nine months ended September 30, 2018 and 2017 (unaudited) 6
Consolidated Statements of Cash Flows for the nine months ended September 30, 2018 and 2017 (unaudited) 7
Notes to Consolidated Financial Statements (unaudited) 8
 
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 47
 
Item 3. Qualitative and Quantitative Disclosures about Market Risks 60
 
Item 4. Controls and Procedures 61
 
PART II – OTHER INFORMATION
 
Item 1. Legal Proceedings 62
 
Item 1a. Risk Factors 62
 
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 63
 
Item 3. Defaults Upon Senior Securities 63
 
Item 4. Mine Safety Disclosures 63
 
Item 5. Other Information 63
 
Item 6. Exhibits 64
 
SIGNATURES

2


Item 1. Financial Statements

ConnectOne Bancorp, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF CONDITION

    September 30,     December 31,
2018 2017
(in thousands, except for share data) (unaudited)
ASSETS
Cash and due from banks $      37,058 $     52,565
Interest-bearing deposits with banks 118,790 97,017
Cash and cash equivalents 155,848 149,582
 
Securities available-for-sale 410,039 435,284
Equity securities 11,403 -
 
Loans held-for-sale 270 24,845
 
Loans receivable 4,462,487 4,171,456
Less: Allowance for loan losses 34,749 31,748
Net loans receivable 4,427,738 4,139,708
 
Investment in restricted stock, at cost 32,486 33,497
Bank premises and equipment, net 20,998 21,659
Accrued interest receivable 17,690 15,470
Bank owned life insurance 113,026 111,311
Other real estate owned - 538
Goodwill 145,909 145,909
Core deposit intangibles 1,881 2,364
Other assets 31,353 28,275
Total assets $ 5,368,641 $ 5,108,442
LIABILITIES
Deposits:
Noninterest-bearing $ 758,213 $ 776,843
Interest-bearing 3,230,552 3,018,285
Total deposits 3,988,765 3,795,128
Borrowings 629,979 670,077
Subordinated debentures (net of debt issuance costs of $1,681 and $456, respectively) 128,474 54,699
Other liabilities 26,552 23,101
Total liabilities 4,773,770 4,543,005
 
COMMITMENTS AND CONTINGENCIES
 
STOCKHOLDERS’ EQUITY
                 
Preferred stock, authorized 5,000,000 shares; issued -0- shares of Series B preferred stock at September 30, 2018 and December 31, 2017; outstanding -0- shares at September 30, 2018 and December 31, 2017; liquidation value of $-0- at September 30, 2018 and December 31, 2017 - -
Common stock, no par value, authorized 50,000,000 shares; issued 34,303,850 shares at September 30, 2018 and 34,135,782 at December 31, 2017; outstanding 32,239,928 shares at September 30, 2018 and 32,071,860 at December 31, 2017 412,546 412,546
Additional paid-in capital 14,625 13,602
Retained earnings 195,101 160,025
Treasury stock, at cost (2,063,922 common shares at September 30, 2018 and December 31, 2017) (16,717 ) (16,717 )
Accumulated other comprehensive loss (10,684 ) (4,019 )
Total stockholders’ equity 594,871 565,437
Total liabilities and stockholders’ equity $ 5,368,641 $ 5,108,442

See accompanying notes to unaudited consolidated financial statements.

3


ConnectOne Bancorp, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF INCOME
(unaudited)

Three Months Ended Nine Months Ended
September 30, September 30,
(in thousands, except for per share data)       2018       2017       2018       2017
Interest income
Interest and fees on loans $     51,699 $     43,241 $     148,218 $     121,879
Interest and dividends on investment securities:
Taxable 2,154 1,695 6,191 5,042
Tax-exempt 785 870 2,377 2,655
Dividends 530 362 1,517 982
Interest on federal funds sold and other short-term investments 183 170 607 555
Total interest income 55,351 46,338 158,910 131,113
Interest expense
Deposits 10,681 6,113 27,538 16,717
Borrowings 4,708 3,206 14,318 9,135
Total interest expense 15,389 9,319 41,856 25,852
Net interest income 39,962 37,019 117,054 105,261
Provision for loan losses 1,100 1,450 20,000 4,000
Net interest income after provision for loan losses 38,862 35,569 97,054 101,261
Noninterest income
Annuities and insurance commissions - - - 39
Income on bank owned life insurance 751 985 2,300 2,402
Net gains on sale of loans held-for-sale 2 50 31 120
Deposit, loan and other income 676 721 1,893 2,023
Net gains on sales of securities available-for-sale - - - 1,596
Total noninterest income 1,429 1,756 4,224 6,180
Noninterest expenses
Salaries and employee benefits 10,174 8,810 29,575 25,521
Occupancy and equipment 2,137 1,969 6,311 6,215
FDIC insurance 735 840 2,350 2,550
Professional and consulting 891 740 2,439 2,192
Marketing and advertising 192 225 736 770
Data processing 1,102 1,176 3,341 3,474
Merger expenses 375 - 399 -
Amortization of core deposit intangible 145 169 483 555
Other components of net periodic pension expense 7 62 21 189
Increase in valuation allowance, loans held-for-sale - 3,000 - 15,325
Change in fair value of equity securities 157 - 325 -
Other expenses 2,372 1,650 6,474 5,402
Total noninterest expenses 18,287 18,641 52,454 62,193
Income before income tax expense 22,004 18,684 48,824 45,248
Income tax expense 2,102 5,607 7,144 12,608
Net income $ 19,902 $ 13,077 $ 41,680 $ 32,640
 
Earnings per common share:
Basic $ 0.62 $ 0.41 $ 1.30 $ 1.02
Diluted 0.61 0.41 1.29 1.01
 
Dividends per common share $ 0.075 $ 0.075 $ 0.225 $ 0.225

See accompanying notes to unaudited consolidated financial statements.

4


ConnectOne Bancorp, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(unaudited)

Three Months Ended Nine Months Ended
September 30, September 30,
(in thousands)       2018       2017       2018       2017
Net income $       19,902 $       13,077 $       41,680 $       32,640
Other comprehensive income:
Unrealized gains and losses:
Unrealized holding (losses) gains on available-for-sale securities arising during the period (2,840 ) 415 (9,639 ) 1,332
Tax effect 729 (165 ) 2,466 (525 )
Net of tax (2,111 ) 250 (7,173 ) 807
Reclassification adjustment for realized gains included in net income - - - (1,596 )
Tax effect - - - 579
Net of tax - - - (1,017 )
Unrealized gains on cash flow hedges 14 119 1,108 76
Tax effect (5 ) (48 ) (312 ) (31 )
Net of tax 9 71 796 45
Unrealized pension plan gains (losses):
Unrealized pension plan gains (losses) before reclassifications - - 236 (2 )
Tax effect - - (67 ) 1
Net of tax - - 169 (1 )
Reclassification adjustment for amortization included in net income 91 103 274 309
Tax effect (26 ) (42 ) (77 ) (126 )
Net of tax 65 61 197 183
Total other comprehensive (loss) income (2,037 ) 382 (6,011 ) 17
Total comprehensive income $ 17,865 $ 13,459 $ 35,669 $ 32,657

See accompanying notes to unaudited consolidated financial statements.

5


ConnectOne Bancorp, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
(unaudited)

Accumulated
Additional Other Total
     Preferred     Common     Paid-In      Retained     Treasury     Comprehensive     Stockholders’
(dollars in thousands, except for per share data) Stock Stock Capital Earnings Stock (Loss) Income Equity
Balance as of December 31, 2016 $     - $     412,726 $      11,407 $      126,462 $      (16,717 ) $     (2,846 ) $      531,032
Net income - - - 32,640 - - 32,640
Other comprehensive income, net of tax - - - - - 17 17
Cash dividends declared on common stock ($0.225 per share) - - - (7,251 ) - - (7,251 )
Stock issuance costs - (180 ) - - - - (180 )
Exercise of stock options (10,846 shares) - - 118 - - - 118
Restricted stock grants (57,164 shares) - - - - - - -
Stock-based compensation expense - - 1,315 - - - 1,315
 
Balance as of September 30, 2017 $ - $ 412,546 $ 12,840 $ 151,851 $ (16,717 ) $ (2,829 ) $ 557,691
 
Balance as of December 31, 2017 $ - $ 412,546 $ 13,602 $ 160,025 $ (16,717 ) $ (4,019 ) $ 565,437
  
Reclassification of stranded tax effects (ASU 2018-02) (see Note 8) - - - 709 - (709 ) -
Cumulative effect of adopting ASU 2016-01 (see Note 8) - - - (55 ) - 55 -
Net income - - - 41,680 - - 41,680
Other comprehensive loss, net of tax - - - - - (6,011 ) (6,011 )
Cash dividends declared on common stock ($0.225 per share) - - - (7,258 ) - - (7,258 )
Exercise of stock options (102,378) shares) - - 524 - - - 524
Restricted stock grants (23,018 shares) - - - - - - -
Net performance units issued (42,672 shares) - - (819 ) - - - (819 )
Stock-based compensation expense - - 1,318 - - - 1,318
  
Balance as of September 30, 2018 $ - $ 412,546 $ 14,625 $ 195,101 $ (16,717 ) $ (10,684 ) $ 594,871

See accompanying notes to unaudited consolidated financial statements.

6


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited)

Nine Months Ended
September 30,
(in thousands)       2018       2017
Cash flows from operating activities
Net income $     41,680 $     32,640
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment 2,336 2,364
Provision for loan losses 20,000 4,000
Increase in valuation allowance - 15,325
Amortization of intangibles 483 555
Net accretion of loans (969 ) (1,106 )
Accretion on bank premises (46 ) (58 )
Accretion on deposits (46 ) (19 )
Accretion on borrowings (98 ) (156 )
Stock-based compensation expense 499 1,315
Gains on sales of investment securities, net - (1,596 )
Change in fair value of equity securities, net 325 -
Gains on sales of loans held-for-sale, net (31 ) (120 )
Gains on sales of fixed assets, net - (8 )
Loans originated for resale (2,206 ) (6,790 )
Proceeds from sale of loans held-for-sale 2,337 12,015
Net loss on sale of other real estate owned 192 82
Net increase in cash surrender value of bank owned life insurance (1,715 ) (2,402 )
Amortization of premiums and accretion of discounts on investments securities, net 2,577 1,808
Amortization of subordinated debt issuance costs 250 124
Increase in accrued interest receivable (2,220 ) (1,876 )
Decrease in other assets 42 8,770
Increase in other liabilities 3,945 3,444
Net cash provided by operating activities 67,335 68,311
Cash flows from investing activities
Investment securities available-for-sale:
Purchases (114,457 ) (138,945 )
Sales - 29,543
Maturities, calls and principal repayments 115,757 61,700
Net redemptions (purchases) of restricted investment in bank stocks 1,011 (5,362 )
Payments on loans held-for-sale 159 2,841
Net increase in loans (283,283 ) (447,457 )
Proceeds from sales of fixed assets - 8
Purchases of premises and equipment (1,629 ) (2,148 )
Purchases of bank owned life insurance - (10,000 )
Proceeds from sale of other real estate owned 884 1,124
Net cash used in investing activities (281,558 ) (508,696 )
Cash flows from financing activities
Net increase in deposits 193,683 279,517
Increase in subordinated debentures 73,525 -
Advances of Federal Home Loan Bank (“FHLB”) borrowings 1,256,000 780,000
Repayments of FHLB borrowings (1,296,000 ) (656,000 )
Repayment of repurchase agreement - (15,000 )
Cash dividends paid on common stock (7,243 ) (7,207 )
Common stock issuance costs - (180 )
Proceeds from exercise of stock options 524 118
Net cash provided by financing activities 220,489 381,248
Net change in cash and cash equivalents 6,266 (59,137 )
Cash and cash equivalents at beginning of period 149,582 200,399
Cash and cash equivalents at end of period $ 155,848 $ 141,262
Supplemental disclosures of cash flow information
Cash payments for:
Interest paid on deposits and borrowings $ 40,200 $ 25,807
Income taxes 2,507 4,670
Supplemental disclosures of noncash investing activities
Transfer of loans to other real estate owned $ 538 $ 580
Transfer of loans held-for-investment to loans held-for-sale 21,236 34,652
Transfer of loans held-for-sale to held-for-investment 45,552 -

See accompanying notes to unaudited consolidated financial statements.

7


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 1. Nature of Operations and Principles of Consolidation

ConnectOne Bancorp, Inc. (the “Parent Corporation”) is incorporated under the laws of the State of New Jersey and is a registered bank holding company. The Parent Corporation’s business currently consists of the operation of its wholly-owned subsidiary, ConnectOne Bank (the “Bank” and, collectively with the Parent Corporation and the Parent Corporation’s subsidiaries, the “Company”). The Bank’s subsidiaries include Union Investment Co. (a New Jersey investment company), Twin Bridge Investment Co. (a Delaware investment company), ConnectOne Preferred Funding Corp. (a New Jersey real estate investment trust), Center Financial Group, LLC (a New Jersey financial services company), Center Advertising, Inc. (a New Jersey advertising company), Morris Property Company, LLC, (a New Jersey limited liability company), Volosin Holdings, LLC, (a New Jersey limited liability company), and NJCB Spec-1, LLC (a New Jersey limited liability company).

The Bank is a community-based, full-service New Jersey-chartered commercial bank that was founded in 2005. The Bank operates from its headquarters located at 301 Sylvan Avenue in the Borough of Englewood Cliffs, Bergen County, New Jersey and through its twenty-one other banking offices. Substantially all loans are secured with various types of collateral, including business assets, consumer assets and commercial/residential real estate. Each borrower’s ability to repay its loans is dependent on the conversion of assets, cash flows generated from the borrower’s business, real estate rental and consumer wages.

The preceding unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X, and, accordingly, do not include all of the information and footnotes required by GAAP for complete financial statements. However, in the opinion of management, all adjustments considered necessary for a fair presentation have been included. Operating results for the three and nine months ended September 30, 2018 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2018, or for any other interim period. The Company’s 2017 Annual Report on Form 10-K should be read in conjunction with these consolidated financial statements.

In preparing the consolidated financial statements, management has made estimates and assumptions that affect the reported amounts of assets and liabilities as of the dates of the consolidated statements of condition and that affect the results of operations for the periods presented. Actual results could differ significantly from those estimates.

The consolidated financial statements have been prepared in conformity with GAAP. Some items in the prior year consolidated financial statements were reclassified to conform to current presentation. Reclassifications had no effect on prior year net income or stockholders’ equity.

8


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 2. New Authoritative Accounting Guidance

ASU 2018-15, “Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract.” 'These amendments align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license). The accounting for the service element of a hosting arrangement that is a service contract is not affected by these amendments. ASU 2018-15 is effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2019. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.

ASU 2018-14, “Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans.” These amendments modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. ASU 2018-14 is effective for fiscal years ending after December 15, 2020. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.

ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement.” The amendments in this update modify disclosure requirements on fair value measurements by removing, modifying and adding certain disclosure requirements. The amendments primarily pertain to Level 3 fair value measurements and depending on the amendment are applied either prospectively or retrospectively. ASU 2018-13 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.

ASU 2018-10, “Codification Improvements to Topic 842, Leases.” These amendments affect narrow aspects of the guidance issued in the amendments in ASU 2016-02 including those regarding residual value guarantees, rate implicit in the lease, lessee reassessment of lease classification, lessor reassessment of lease term and purchase option, variable lease payments that depend on an index or a rate, investment tax credits, lease term and purchase option, transition guidance for amounts previously recognized in business combinations, certain transition adjustments, transition guidance for leases previously classified as capital leases under Topic 840, transition guidance for modifications to leases previously classified as direct financing or sales-type leases under Topic 840, transition guidance for sale and leaseback transactions, impairment of net investment in the lease, unguaranteed residual asset, effect of initial direct costs on rate implicit in the lease, and failed sale and leaseback transactions. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.

9


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 2. New Authoritative Accounting Guidance – (continued)

ASU 2018-01, “Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842.” ASU 2018-01 provides an optional transition practical expedient for the adoption of ASU 2016-02 that, if elected, would not require an organization to reconsider their accounting for existing land easements that are not currently accounted for under the old leases standard; and clarify that new or modified land easements should be evaluated under ASU 2016-02, once an entity has adopted the new standard. ASU 2018-01 is effective for fiscal years beginning after December 15, 2018. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.

ASU No. 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.” ASU No. 2017-12 refines and expands hedge accounting for both financial (e.g., interest rate) and commodity risks. Its provisions create more transparency around how economic results are presented, both on the face of the financial statements and in the footnotes. It also makes certain targeted improvements to simplify the application of hedge accounting guidance. ASU 2017-12 will be effective for public business entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Although management continues to evaluate the potential impact of ASU 2017-12 on our consolidated financial statements, at this time, we believe the adoption of this standard will not have a significant impact on our consolidated financial statements.

ASU No. 2017-08, “'Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20), Premium Amortization on Purchased Callable Debt Securities.” ASU No. 2017-08 shortens the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. ASU 2017-08 will be effective for public business entities for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. We are currently evaluating this ASU to determine the impact on our consolidated financial statements.

ASU No. 2017-04, “Intangibles – Goodwill and Other (Topic 350).” ASU 2017-04 aims to simplify the subsequent measurement of goodwill. Under these amendments, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. The Board also eliminated the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment. An entity is required to disclose the amount of goodwill allocated to each reporting unit with a zero or negative carrying amount of net assets and still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2019. Although management continues to evaluate the potential impact of ASU 2017-04 on our consolidated financial statements, at this time, we believe the adoption of this standard will not have a significant impact on our consolidated financial statements.

ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Assets Measured at Amortized Cost.” ASU 2016-13 requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The amendments in this update replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates and affects loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company has formed a CECL committee that is assessing our data and system needs. The Company has engaged a third-party vendor to assist is analyzing our data and developing a CECL model. The Company has recently met with the third-party vendor and discussed our data, in terms of what is available and potential gaps. The Company also discussed modeling standards, loan segmentation, as well as potential external inputs to supplement our historical loss history. We expect to recognize a one-time cumulative effect adjustment to the allowance for loan losses as of the beginning of the first reporting period in which the ASU is effective, but cannot yet determine the magnitude of any such one-time adjustment or the overall impact of the ASU on our consolidated financial statements.

10


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 2. New Authoritative Accounting Guidance – (continued)

ASU No. 2016-02, “Leases (Topic 842)” requires the recognition of a right of use asset and related lease liability by lessees for leases classified as operating leases under current GAAP. Topic 842, which replaces the current guidance under Topic 840, retains a distinction between finance leases and operating leases. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee also will not significantly change from current GAAP. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize right of use assets and lease liabilities. Topic 842 will be effective for the Company for reporting periods beginning January 1, 2019, with early adoption permitted. The Company must apply a modified retrospective transition approach for the applicable leases existing at, or entered into after, the beginning of the earliest comparative period presented in the consolidated financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. The Company is currently leasing properties as branch locations and is leasing certain office equipment. Currently, the Company is in the process of evaluating all of our leases for compliance for the new ASU. As part of that process, management is developing a systematic approach that can be used to calculate the financial statement impact starting in 2019. The adoption of ASU 2016-02 will result in increases to the Company's assets and liabilities.

Note 3. Earnings per Common Share

Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”) No. 260-10-45 addresses whether instruments granted in share-based payment transactions are participating securities prior to vesting and, therefore, need to be included in the earnings allocation in computing earnings per share (“EPS”). The restricted stock awards previously granted by the Company contain non-forfeitable rights to dividends and therefore are considered participating securities. The two-class method for calculating basic EPS excludes dividends paid to participating securities and any undistributed earnings attributable to participating securities.

Earnings per common share have been computed based on the following:

Three Months Ended Nine Months Ended
September 30, September 30,
(in thousands, except for per share data)
      2018       2017       2018       2017
Income attributable to common stock $       19,860 $       13,035 $       41,582 $        32,534
Earnings allocated to participating securities 42 42 98 106
Net income $ 19,902 $ 13,077 $ 41,680 $ 32,640
Weighted average common shares outstanding, including participating securities 32,167 32,015 32,127 31,999
Weighted average participating securities (25 ) (103 ) (34 ) (104 )
Weighted average common shares outstanding 32,142 31,912 32,093 31,895
Incremental shares from assumed conversions of options, performance units and restricted shares 177 270 220 272
Weighted average common and equivalent shares outstanding 32,319 32,182 32,313 32,167
   
Earnings per common share:
Basic $ 0.62 $ 0.41 $ 1.30 $ 1.02
Diluted 0.61 0.41 1.29 1.01

There were no antidilutive share equivalents as of September 30, 2018 and September 30, 2017.

11


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 4. Securities Available-for-Sale

Securities available-for-sale are reported at fair value with unrealized gains or losses included in stockholders’ equity, net of tax. Accordingly, the carrying value of such securities reflects their fair value as of September 30, 2018 and December 31, 2017. Fair value is based upon either quoted market prices, or in certain cases where there is limited activity in the market for a particular instrument, assumptions are made to determine their fair value. See Note 7 of the Notes to Consolidated Financial Statements for a further discussion.

The following table summarizes the amortized cost and fair value of securities available-for-sale at September 30, 2018 and December 31, 2017 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss).

Gross Gross
Amortized Unrealized Unrealized Fair
Cost Gains Losses Value
September 30, 2018 (dollars in thousands)
Securities available-for-sale                    
Federal agency obligations $     48,963 $     14 $     (1,443 ) $     47,534
Residential mortgage pass-through securities 196,650 75 (6,174 ) 190,551
Commercial mortgage pass-through securities 3,953 - (110 ) 3,843
Obligations of U.S. states and political subdivisions 133,564 727 (3,903 ) 130,388
Corporate bonds and notes 26,305 96 (439 ) 25,962
Asset-backed securities 10,317 59 (13 ) 10,363
Certificates of deposit 420 3 - 423
Other securities 975 - - 975
Total securities available-for-sale $ 421,147 $ 974 $ (12,082 ) $ 410,039
                     
Gross Gross
Amortized Unrealized Unrealized Fair
Cost Gains Losses Value
December 31, 2017 (dollars in thousands)
Securities available-for-sale
Federal agency obligations $ 56,297 $ 141 $ (416 ) $ 56,022
Residential mortgage pass-through securities 183,509 330 (1,948 ) 181,891
Commercial mortgage pass-through securities 4,054 3 (3 ) 4,054
Obligations of U.S. states and political subdivisions 130,723 1,739 (1,334 ) 131,128
Trust preferred securities 4,577 205 (111 ) 4,671
Corporate bonds and notes 29,801 163 (271 ) 29,693
Asset-backed securities 12,021 66 (37 ) 12,050
Certificates of deposit 621 4 - 625
Equity securities 11,843 235 (350 ) 11,728
Other securities 3,422 - - 3,422
Total securities available-for-sale $ 436,868 $ 2,886 $ (4,470 ) $ 435,284

Effective January 1, 2018, the Company implemented ASU 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” Under ASU 2016-01, equity securities, with certain exceptions, are to be measured at fair value with changes in fair value recognized in net income. As of March 31, 2018, the Company began separately presenting equity securities with readily determinable fair values on the Statements of Condition within the “Equity securities” caption. Net unrealized losses recognized on equity securities with readily determinable fair values for the three and nine months ended as of September 30, 2018 were $157 thousand and $325 thousand, respectively.

Investment securities having a carrying value of approximately $157.0 million and $157.8 million at September 30, 2018 and December 31, 2017, respectively, were pledged to secure public deposits, borrowings, Federal Reserve Discount Window borrowings and Federal Home Loan Bank advances and for other purposes required or permitted by law. As of September 30, 2018 and December 31, 2017, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity.

12


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 4. Securities Available-for-Sale – (continued)

The following table presents information for investments in securities available-for-sale at September 30, 2018, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. Securities not due at a single maturity date are shown separately.

September 30, 2018
Amortized Fair
Cost Value
(dollars in thousands)
Securities available-for-sale:            
Due in one year or less $     4,429 $     4,425
Due after one year through five years 36,607 36,375
Due after five years through ten years 28,135 28,290
Due after ten years 150,398 145,580
Residential mortgage pass-through securities 196,650 190,551
Commercial mortgage pass-through securities 3,953 3,843
Other securities 975 975
Total securities available-for-sale $ 421,147 $ 410,039

Gross gains and losses from the sales, calls and maturities of securities for periods presented were as follows:

Three Months Ended Nine Months Ended
September 30, September 30,
(dollars in thousands)
              2018      2017        2018        2017
Proceeds $      - $      - $          - $       29,543
 
Gross gains on sales of securities - - - 1,596
Gross losses on sales of securities - - - -
Net gains on sales of securities - - - 1,596
Less: tax provision on net gains - - - (579 )
 
Net gains on sales of securities, after tax $ - $ - $ - $ 1,017

The Company reviews all securities for potential recognition of other-than-temporary impairment. The Company maintains a watch list for the identification and monitoring of securities experiencing problems that require a heightened level of review. This could include credit rating downgrades.

The Company’s assessment of whether an impairment in the portfolio is other-than temporary includes factors such as whether the issuer has defaulted on scheduled payments, announced restructuring and/or filed for bankruptcy, has disclosed severe liquidity problems that cannot be resolved, disclosed deteriorating financial condition or sustained significant losses.

13


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 4. Securities Available-For-Sale – (continued)

Temporarily Impaired Securities

The Company does not believe that any of the unrealized losses, which were comprised of 170 and 112 securities as of September 30, 2018 and December 31, 2017, respectively, represent an other-than-temporary impairment (“OTTI”). The gross unrealized losses associated with U.S. Treasury and agency securities, federal agency obligations, mortgage-backed securities, corporate bonds, tax-exempt securities, asset-backed securities, trust preferred securities, mutual funds and equity securities are not considered to be other-than-temporary because these unrealized losses are related to changes in interest rates and do not affect the expected cash flows of the underlying collateral or issuer.

Factors which may contribute to unrealized losses include credit risk, market risk, changes in interest rates, economic cycles, and liquidity risk. The magnitude of any unrealized loss may be affected by the relative concentration of the Company’s investment in any one issuer or industry. The Company has established policies to reduce exposure through diversification of the securities portfolio including limits on concentrations to any one issuer. The Company believes the securities portfolio is prudently diversified.

The unrealized losses included in the tables below are primarily related to changes in interest rates and credit spreads. All of the Company’s securities are performing and are expected to continue to perform in accordance with their respective contractual terms and conditions. These are largely intermediate duration holdings and, in certain cases, monthly principal payments can further reduce loss exposure resulting from an increase in rates.

The Company evaluates all securities with unrealized losses quarterly to determine whether the loss is other-than-temporary. Unrealized losses in the corporate debt securities category consist primarily of senior unsecured corporate debt securities issued by large financial institutions, insurance companies and other corporate issuers. Single issuer corporate trust preferred securities are also included, and in the case of one holding the market valuation loss is largely based upon the floating rate coupon and corresponding market valuation. Neither that trust preferred issuer, nor any other corporate issuers, have defaulted on interest payments. The unrealized loss in equity securities consists of losses on other bank equities. The decline in fair value is due in large part to the lack of an active trading market for these securities, changes in market credit spreads and rating agency downgrades. Management concluded that these securities were not OTTI at September 30, 2018.

In determining whether or not securities are OTTI, the Company must exercise considerable judgment. Accordingly, there can be no assurance that the actual results will not differ from the Company’s judgments and that such differences may not require the future recognition of OTTI charges that could have a material effect on the Company’s financial position and results of operations. In addition, the value of, and the realization of any loss on, a security is subject to numerous risks as cited above.

14


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 4. Securities Available-For-Sale – (continued)

The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category and the length of time individual securities have been in a continuous unrealized loss position at September 30, 2018 and December 31, 2017:

September 30, 2018
Total Less than 12 Months 12 Months or Longer
Fair Unrealized Fair Unrealized Fair Unrealized
Value Losses Value    Losses    Value    Losses
   (dollars in thousands)
Investment Securities
Available-for-Sale:                  
Federal agency obligation $     45,057 $     (1,443 ) $     21,455 $     (513 ) $     23,602 $     (930 )
Residential mortgage pass-through securities 185,442 (6,174 ) 106,190 (2,491 ) 79,252 (3,683 )
Commercial mortgage pass-through securities 3,843 (110 ) 3,843 (110 ) - -
Obligations of U.S. states and political subdivisions 78,481 (3,903 ) 33,733 (877 ) 44,748 (3,026 )
Corporate bonds and notes 15,655 (439 ) 11,008 (124 ) 4,647 (315 )
Asset-backed securities 4,113 (13 ) 2,303 (8 ) 1,810 (5 )
Total temporarily impaired securities $ 332,591 $ (12,082 ) $ 178,532 $ (4,123 ) $ 154,059 $ (7,959 )
 
  December 31, 2017
Total Less than 12 Months 12 Months or Longer
Fair Unrealized Fair Unrealized Fair Unrealized
Value Losses Value Losses Value Losses
(dollars in thousands)
Investment Securities
Available-for-Sale:                  
Federal agency obligation $     39,813 $     (416 ) $     28,407 $     (213 ) $     11,406 $     (203 )
Residential mortgage pass-through securities 148,574 (1,948 ) 117,556 (1,146 ) 31,018 (802 )
Commercial mortgage pass-through securities 1,198 (3 ) 1,198 (3 ) - -
Obligations of U.S. states and political subdivisions 57,685 (1,334 ) 17,909 (246 ) 39,776 (1,088 )
Trust preferred securities 1,469 (111 ) - - 1,469 (111 )
Corporate bonds and notes 11,074 (271 ) 1,965 (21 ) 9,109 (250 )
Asset-backed securities 7,428 (37 ) 993 (2 ) 6,435 (35 )
Equity securities 11,116 (350 ) - - 11,116 (350 )
Total temporarily impaired securities $ 278,357 $ (4,470 ) $ 168,028 $ (1,631 ) $ 110,329 $ (2,839 )

Note 5. Derivatives

The Company utilizes interest rate swap agreements as part of its asset liability management strategy to help manage its interest rate risk position. The notional amount of the interest rate swap does not represent amounts exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual interest rate swap agreements.

15


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 5. Derivatives – (continued)

Interest rate swaps were entered into on April 13, 2017, August 24, 2015, December 30, 2014 and October 15, 2014, each with a respective notional amount of $25 million and were designated as cash flow hedges of a Federal Home Loan Bank (“FHLB”) advance. The swaps were determined to be fully effective during the period presented and therefore no amount of ineffectiveness has been included in net income while the aggregate fair value of the swaps is recorded in other assets (liabilities) with changes in fair value recorded in other comprehensive income (loss). The amount included in accumulated other comprehensive income (loss) would be reclassified to current earnings should the hedges no longer be considered effective. The Company expects the hedges to remain fully effective during the remaining term of the swaps.

Summary information about the interest rate swaps designated as cash flow hedges as of September 30, 2018, December 31, 2017 and September 30, 2017 are presented in the following table.

September 30, December 31, September 30,
      2018       2017       2017
(dollars in thousands)
Notional amount $      100,000 $      100,000 $      100,000
Weighted average pay rates 1.68 % 1.66 % 1.52 %
Weighted average receive rates 2.12 % 1.23 % 1.07 %
Weighted average maturity 1.7 years 2.4 years 2.7 years
 
Fair value $ 1,906 $ 798 $ 164

Net interest income recorded on these swap transactions totaled approximately $173 thousand and $326 thousand for the three and nine months ended September 30, 2018, respectively, and net interest expense recorded on these swap transactions totaled $95 thousand and $326 thousand for the three and nine months ended September 30, 2017, respectively, and is reported as a component of interest expense on FHLB advances.

Cash Flow Hedge

The following table presents the net losses recorded in other comprehensive income and the Consolidated Statements of Income relating to the cash flow derivative instruments for the following periods:

Nine Months Ended September 30, 2018
Amount of gain Amount of gain Amount of gain
recognized reclassified recognized in other
in OCI (Effective from OCI to Noninterest income
      Portion)       interest income       (Ineffective Portion)
(dollars in thousands)
Interest rate contracts $ 796 $ - $ -

Nine Months Ended September 30, 2017
Amount of gain Amount of gain Amount of gain
recognized reclassified recognized in other
in OCI (Effective from OCI to Noninterest income
      Portion)       interest income       (Ineffective Portion)
(dollars in thousands)
Interest rate contracts $ 45 $ - $ -

16


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

The following table reflects the cash flow hedges included in the consolidated statements of condition as of September 30, 2018 and December 31, 2017:

September 30, 2018 December 31, 2017
Notional Notional
      Amount       Fair Value       Amount       Fair Value
(dollars in thousands)
Interest rate swaps related to FHLB advances included in assets $      100,000 $      1,906 $      100,000 $      798

17


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 6. Loans and the Allowance for Loan Losses

Loans Receivable: Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of deferred loan fees and costs, premiums and discounts related to purchase accounting, and an allowance for loan losses. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments.

Loan segments are defined as a group of loans, which share similar initial measurement attributes, risk characteristics, and methods for monitoring and assessing credit risk. Management has determined that the Company has five segments of loans: commercial, commercial real estate, commercial construction, residential real estate (including home equity) and consumer.

The recognition of interest income on commercial, commercial real estate, commercial construction and residential loans is discontinued at the time the loan is 90 days delinquent unless the loan is well-secured and in process of collection. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. Nonaccrual loans and loans past due 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. A loan is moved to nonaccrual status in accordance with the Company’s policy, typically after 90 days of non-payment.

All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.

The policy of the Company is to generally grant commercial, residential and consumer loans to residents and businesses within our market area. The borrowers’ abilities to repay their obligations are dependent upon various factors including the borrowers’ income and net worth, cash flows generated by the borrowers’ underlying collateral, value of the underlying collateral, and priority of the lender’s lien on the property. Such factors are dependent upon various economic conditions and individual circumstances beyond the control of the Company. The Company is therefore subject to risk of loss. The Company believes its lending policies and procedures adequately minimize the potential exposure to such risks and that adequate provisions for loan losses are provided for all known and inherent risks. Collateral and/or personal guarantees are required for a large majority of the Company’s loans.

Loans Held-for-Sale: Residential mortgage loans, originated and intended for sale in the secondary market, are carried at the lower of aggregate cost or estimated fair value as determined by outstanding commitments from investors. For these loans originated and intended for sale, gains and losses on loan sales (sale proceeds minus carrying value) are recorded in other income and direct loan origination costs and fees are deferred at origination of the loan and are recognized in other income upon sale of the loan.

Other loans held-for-sale are carried at the lower of aggregate cost or estimated fair value. Fair value of these loans is determined based on the terms of the loan, such as interest rate, maturity date, reset term, as well as sales of similar assets.

Net unrealized losses, if any, are recorded as a valuation allowance and charged to earnings.

Allowance for Loan Losses: The allowance for loan losses is a valuation allowance for probable incurred credit losses. Losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. Management estimates the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged off. The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired.

18


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 6. Loans and the Allowance for Loan Losses – (continued)

A loan is impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans, for which the terms have been modified, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings (“TDRs”) and classified as impaired. As part of the evaluation of impaired loans, the Company individually reviews for impairment all non-homogeneous loans internally classified as substandard or below. Generally, smaller impaired non-homogeneous loans and impaired homogeneous loans are collectively evaluated for impairment.

Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management 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.

TDRs are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a TDR is considered to be a collateral dependent loan, impairment of the loan is measured using the fair value of the collateral. For TDRs that subsequently default, the Company determines the amount of reserve in accordance with the accounting policy for the allowance for loan losses.

The general component covers non-impaired loans and is based on historical loss experience adjusted for current factors. The historical loss experience, the primary factor, is determined by loan class and is based on the actual loss history experienced by the Bank over an actual three-year rolling calculation. This actual loss experience is supplemented with other economic factors based on the risks present for each portfolio category and with the exogenous factor adjustments based on the risks present for each loan category. These exogenous factors include consideration of the following: concentrations of credit; delinquency & nonaccrual trends; economic & business conditions including evaluation of the national and regional economies and industries with significant loan concentrations; external factors including legal, regulatory or competitive pressures that may impact the loan portfolio; changes in the experience, ability, or size of the lending staff, management, or board of directors that may impact the loan portfolio; changes in underwriting standards, collection procedures, charge-off practices, or other changes in lending policies and procedures that may impact the loan portfolio; loss and recovery trends; changes in portfolio size and mix; and trends in problem loans.

Purchased Credit-Impaired Loans: The Company acquires groups of loans in conjunction with mergers, some of which have shown evidence of credit deterioration since origination. These purchased credit-impaired loans are recorded at their estimated fair value, such that there is no carryover of the seller’s allowance for loan losses (“ALLL”). After acquisition, probable incurred credit losses are recognized by an increase in the ALLL.

Such purchased credit-impaired loans (“PCI”) are identified on an individual basis. The Company estimates the amount and timing of expected cash flows for each loan and the expected cash flows in excess of amount paid is recorded as interest income over the remaining life of the loan (accretable yield). The excess of the loan’s contractual principal and interest over expected cash flows is not recorded (nonaccretable difference).

A PCI loan may be resolved either through a sale of the loan, by working with the customer and obtaining partial or full repayment, by short sale of the collateral, or by foreclosure. A gain or loss on resolution would be recognized based on the difference between the proceeds received and the carrying amount of the loan.

PCI loans that met the criteria for nonaccrual may be considered performing, regardless of whether the customer is contractually delinquent, if management can reasonably estimate the timing and amount of the expected cash flows on such loans and if management expects to fully collect the new carrying value of the loans. As such, management may no longer consider the loans to be nonaccrual or nonperforming and may accrue interest on these loans, including the impact of any accretable discount.

19


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 6. Loans and the Allowance for Loan Losses – (continued)

Loans receivable - The following table sets forth the composition of the Company’s loan portfolio, including net deferred loan fees, at September 30, 2018 and December 31, 2017:

September 30, December 31,
      2018       2017
(dollars in thousands)
Commercial $      933,169 $      824,082
Commercial real estate 2,739,943 2,592,909
Commercial construction 494,206 483,216
Residential real estate 295,948 271,795
Consumer 2,508 2,808
Gross loans 4,465,774 4,174,810
Net deferred loan fees (3,287 ) (3,354 )
Total loans receivable $ 4,462,487 $ 4,171,456

At September 30, 2018 and December 31, 2017, loan balances of approximately $2.2 billion and $1.9 billion, respectively, were pledged to secure borrowings from the FHLB of New York.

Loans held-for-sale - The following table sets forth the composition of the Company’s loans held-for-sale portfolio at September 30, 2018 and December 31, 2017:

September 30, December 31,
      2018       2017
(dollars in thousands)
Commercial real estate $        - $        24,475
Residential real estate 270 370
Total carrying amount $ 270 $ 24,845

Valuation allowance - The following table sets forth the composition of the Company’s valuation allowance within the loans held-for-sale portfolio during the three and nine months ended September 30, 2018 and September 30, 2017:

Three Months   Three Months
Ended Ended
September 30,   September 30,
      2018       2017
(dollars in thousands)
Balance at July 1, $ - $             12,325
Reduction from loans paid off - (38 )
Increase in valuation allowance - 3,000
Balance at September 30, $ - $ 15,287

Nine Months Nine Months
Ended Ended
September 30,   September 30,
      2018       2017
(dollars in thousands)
Balance at January 1, $ - $             -
Reduction from loans paid off - (38 )
Increase in valuation allowance - 15,325
Balance at September 30, $ - $ 15,287

20


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 6. Loans and the Allowance for Loan Losses – (continued)

Purchased Credit-Impaired Loans: The Company holds purchased loans for which there was, at their acquisition date, evidence of deterioration of credit quality since their origination and it was probable, at acquisition, that all contractually required payments would not be collected. The recorded investment of those loans is as follows at September 30, 2018 and December 31, 2017.

September 30, December 31,
      2018       2017
(dollars in thousands)
Commercial $ 2,524 $ 2,683

For those purchased loans disclosed above, the Company did not increase the allowance for loan losses during either the three or nine months ended September 30, 2018 and September 30, 2017. There were no reversals from the allowance for loan losses during the three and nine months ended September 30, 2018 and September 30, 2017.

The following table presents interest income expected to be recognized on the purchased credit-impaired loans and the related activity for the three and nine months ended September 30, 2018 and September 30, 2017:

Three Months Three Months
Ended Ended
September 30, September 30,
      2018       2017
(dollars in thousands)
Balance at July 1, $               1,259 $               2,496
Accretion of income (63 ) (180 )
Balance at September 30, $ 1,196 $ 2,316

Nine Months Nine Months
Ended Ended
September 30, September 30,
      2018       2017
(dollars in thousands)
Balance at January 1, $              1,387 $              2,860
Accretion of income (191 ) (544 )
Balance at September 30, $ 1,196 $ 2,316

Loans Receivable on Nonaccrual Status - The following table sets forth the composition of the Company’s nonaccrual loans as of September 30, 2018 and December 31, 2017:

September 30, December 31,
      2018       2017
(dollars in thousands)
Commercial $ 29,562 $ 47,363
Commercial real estate 15,927 12,757
Commercial construction 2,934 -
Residential real estate 4,592 5,493
Total nonaccrual loans $ 53,015 $ 65,613

Nonaccrual loans and loans 90 days or greater past due and still accruing include both smaller balance homogeneous loans that are collectively evaluated for impairment and loans individually evaluated for impairment.

The decrease in nonaccruals from the year-end 2017 was mainly attributable to a $17.0 million charge-off, related to the taxi medallion loan portfolio (which is included in the Commercial loan category) that took place during the first quarter of 2018. The taxi medallion loan portfolio was classified as substandard and impaired as of September 30, 2018 and December 31, 2017.

21


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 6. Loans and the Allowance for Loan Losses – (continued)

The Company continuously monitors the credit quality of its loans receivable. In addition to its internal monitoring, the Company utilizes the services of a third-party loan review firm to periodically validate the credit quality of its loans receivable on a sample basis. Credit quality is monitored by reviewing certain credit quality indicators. Assets classified “Pass” are deemed to possess average to superior credit quality, requiring no more than normal attention. Assets classified as “Special Mention” have generally acceptable credit quality yet possess higher risk characteristics/circumstances than satisfactory assets. Such conditions include strained liquidity, slow pay, stale financial statements, or other conditions that require more stringent attention from the lending staff. These conditions, if not corrected, may weaken the loan quality or inadequately protect the Company’s credit position at some future date. Assets are classified “Substandard” if the asset has a well-defined weakness that requires management’s attention to a greater degree than for loans classified special mention. Such weakness, if left uncorrected, could possibly result in the compromised ability of the loan to perform to contractual requirements. An asset is classified as “Doubtful” if it is inadequately protected by the net worth and/or paying capacity of the obligor or of the collateral, if any, that secures the obligation. Assets classified as doubtful include assets for which there is a “distinct possibility” that a degree of loss will occur if the inadequacies are not corrected. All loans past due 90 days or greater and all impaired loans are included in the appropriate category below.

Credit Quality Indicators - The following table presents information, excluding loans held-for-sale and net deferred loan fees, about the Company’s loan credit quality at September 30, 2018 and December 31, 2017:

September 30, 2018
Special
     Pass      Mention      Substandard      Doubtful      Total
(dollars in thousands)
Commercial (1) $      887,024 $      12,639 $      33,506 $      - $      933,169
Commercial real estate 2,699,338 10,651 29,954 - 2,739,943
Commercial construction 481,226 5,458 7,522 - 494,206
Residential real estate 291,223 - 4,725 - 295,948
Consumer 2,484 - 24 - 2,508
Gross loans $ 4,361,295 $ 28,748 $ 75,731 $ - $ 4,465,774
 
December 31, 2017
Special
Pass Mention Substandard Doubtful Total
(dollars in thousands)
Commercial $ 767,020 $ 3,764 $ 53,298 $ - $ 824,082
Commercial real estate 2,534,973 34,335 23,601 - 2,592,909
Commercial construction 475,066 5,521 2,629 - 483,216
Residential real estate 266,163 - 5,632 - 271,795
Consumer 2,767 - 41 - 2,808
Gross loans $ 4,045,989 $ 43,620 $ 85,201 $ - $ 4,174,810

(1)       Reflects a $17.0 million charge-off related to the taxi medallion loans classified as “substandard”.

22


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 6. Loans and the Allowance for Loan Losses – (continued)

The following table provides an analysis of the impaired loans by category as of September 30, 2018 and December 31, 2017:

September 30, 2018
            Unpaid      
Recorded Principal Related
Investment Balance Allowance
No related allowance recorded (dollars in thousands)
Commercial $ 31,471 $ 92,452
Commercial real estate 21,483 21,636
Commercial construction 10,428 10,429
Residential real estate 2,237 2,533
Consumer - -
Total (no related allowance) $ 65,619 $ 127,050
  
With an allowance recorded
Commercial real estate $     8,529 $     8,529 $     709
Residential real estate 263 266 32
Total (with allowance) $ 8,792 $ 8,795 $ 741
  
Total
Commercial $ 31,471 $ 92,452 $ -
Commercial real estate 30,012 30,165 709
Commercial construction 10,428 10,429 -
Residential real estate 2,500 2,799 32
Consumer - - -
Total $ 74,411 $ 135,845 $ 741
  
  December 31, 2017
            Unpaid     
  Recorded Principal Related
  Investment Balance Allowance
No related allowance recorded (dollars in thousands)
Commercial $ 49,761 $ 101,066
Commercial real estate 23,905 23,976
Commercial construction 6,662 6,662
Residential real estate 3,203 3,442
Consumer - -
Total (no related allowance) $ 83,531 $ 135,146
  
With an allowance recorded
Commercial real estate $ 1,133 $ 1,133 $ 39
 
Total
Commercial $ 49,761 $ 101,066 $ -
Commercial real estate 25,038 25,109 39
Commercial construction 6,662 6,662 -
Residential real estate 3,203 3,442 -
Consumer - - -
Total $ 84,664 $ 136,279 $ 39

23


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 6. Loans and the Allowance for Loan Losses – (continued)

The following table provides an analysis related to the average recorded investment and interest income recognized on impaired loans by category as of and for the three and nine months ended September 30, 2018 and 2017:

Three Months Ended September 30, Nine Months Ended September 30,
2018 2017 2018 2017
Average Interest Average Interest Average Interest Average Interest
Recorded Income Recorded Income Recorded Income Recorded Income
    Investment      Recognized      Investment      Recognized      Investment     Recognized      Investment     Recognized
(dollars in thousands)
Impaired loans (no allowance):
Commercial (1) $    31,769 $    36 $    3,100 $    34 $    39,132 $    102 $    3,149 $    115
Commercial real estate 21,557 105 19,302 221 21,714 475 18,813 424
Commercial construction 10,297 92 4,285 63 11,718 387 4,273 215
Residential real estate 2,249 - 2,529 2 2,304 - 2,551 6
Consumer - - 48 1 - - 54 2
Total $ 65,872 $ 233 $ 29,264 $ 321 $ 74,868 $ 964 $ 28,840 $ 762
Impaired loans (allowance):
Commercial real estate $ 8,534 $ 11 $ 1,645 $ 2 $ 8,544 $ 34 $ 1,654 $ 39
Residential real estate 264 - - - 267 - - -
Total $ 8,798 $ 11 $ 1,645 $ 2 $ 8,811 $ 34 $ 1,654 $ 39
Total impaired loans:
Commercial (1) $ 31,769 $ 36 $ 3,100 $ 34 $ 39,132 $ 102 $ 3,149 $ 115
Commercial real estate 30,091 116 20,947 223 30,258 509 20,467 463
Commercial construction 10,297 92 4,285 63 11,718 387 4,273 215
Residential real estate 2,513 - 2,259 2 2,571 - 2,551 6
Consumer - - 48 1 - - 54 2
Total $ 74,670 $ 244 $ 30,909 $ 323 $ 83,679 $ 998 $ 30,494 $ 801

(1)       Reflects the entire taxi medallion portfolio moving back to the loans held-for-investment category from the loans held-for-sale category in November 2017.

Included in impaired loans at September 30, 2018 and December 31, 2017 are loans that are deemed troubled debt restructurings. The recorded investment in loans include accrued interest receivable and other capitalized costs such as real estate taxes paid on behalf of the borrower and loan origination fees, net, when applicable. Cash basis interest and interest income recognized on accrual basis approximate each other.

24


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 6. Loans and the Allowance for Loan Losses – (continued)

The following table provides an analysis of the aging of gross loans (excluding loans held-for-sale) that are past due at September 30, 2018 and December 31, 2017 by segment:

Aging Analysis

September 30, 2018
90 Days or
Greater Past Total Past
30-59 Days 60-89 Days Due and Still Due and
    Past Due     Past Due     Accruing     Nonaccrual     Nonaccrual     Current     Gross Loans
(dollars in thousands)
Commercial $    233 $    246 $    1,648 $    29,562 $    31,689 $    901,480 $    933,169
Commercial real estate - 3,190 - 15,927 19,117 2,720,826 2,739,943
Commercial construction - - - 2,934 2,934 491,272 494,206
Residential real estate 6 - - 4,592 4,598 291,350 295,948
Consumer 288 - - - 288 2,220 2,508
Total $ 527 $ 3,436 $ 1,648 $ 53,015 $ 58,626 $ 4,407,148 $ 4,465,774
 

Included in the 90 days or greater past due and still accruing category as of September 30, 2018 are purchased credit-impaired loan, net of its fair value marks, which accretes income per its valuation at date of acquisition.

 
December 31, 2017
90 Days or
Greater Past Total Past
30-59 Days 60-89 Days Due and Still Due and
Past Due Past Due Accruing Nonaccrual Nonaccrual Current Gross Loans
(dollars in thousands)
Commercial $    1,708 $    183 $    1,664 $    47,363 $    50,918 $    773,164 $    824,082
Commercial real estate 545 1,475 - 12,757 14,777 2,578,132 2,592,909
Commercial construction - - - - - 483,216 483,216
Residential real estate 1,578 - - 5,493 7,071 264,724 271,795
Consumer 18 - - - 18 2,790 2,808
Total $ 3,849 $ 1,658 $ 1,664 $ 65,613 $ 72,784 $ 4,102,026 $ 4,174,810

Included in the 90 days or greater past due and still accruing category as of December 31, 2017 are purchased credit-impaired loan, net of its fair value marks, which accretes income per its valuation at date of acquisition.

25


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 6. Loans and the Allowance for Loan Losses – (continued)

The following tables detail, at the period-end presented, the amount of gross loans (excluding loans held-for-sale) that are evaluated individually, and collectively, for impairment, those acquired with deteriorated credit quality, and the related portion of the allowance for loan losses (“ALLL”) that are allocated to each loan portfolio segment:

September 30, 2018
Commercial Commercial Residential
      Commercial       real estate       construction       real estate       Consumer       Unallocated       Total
(dollars in thousands)
ALLL
Individually evaluated for impairment $      - $      709 $      - $      32 $      - $      - $      741
Collectively evaluated for impairment 9,749 16,569 4,790 1,183 3 564 32,858
Acquired portfolio 200 950 - - - - 1,150
Acquired with deteriorated credit quality - - - - - - -
Total $ 9,949 $ 18,228 $ 4,790 $ 1,215 $ 3 $ 564 $ 34,749
  
Gross loans
Individually evaluated for impairment $ 31,471 $ 30,012 $ 10,428 $ 2,500 $ - $ 74,411
Collectively evaluated for impairment 891,514 2,438,638 483,778 247,211 2,123 4,063,264
Acquired portfolio 7,660 271,293 - 46,237 385 325,575
Acquired with deteriorated credit quality 2,524 - - - - 2,524
Total $ 933,169 $ 2,739,943 $ 494,206 $ 295,948 $ 2,508 $ 4,465,774
 
December 31, 2017
Commercial Commercial Residential
Commercial real estate construction real estate Consumer Unallocated Total
(dollars in thousands)
ALLL
Individually evaluated for impairment $ - $ 39 $ - $ - $ - $ - $ 39
Collectively evaluated for impairment 8,032 15,472 4,747 1,051 2 605 29,909
Acquired portfolio 200 1,600 - - - - 1,800
Acquired with deteriorated credit quality - - - - - - -
Total $ 8,232 $ 17,111 $ 4,747 $ 1,051 $ 2 $ 605 $ 31,748
 
Gross loans
Individually evaluated for impairment $ 49,761 $ 25,038 $ 6,662 $ 3,203 $ - $ 84,664
Collectively evaluated for impairment 757,923 2,190,686 476,554 212,350 2,338 3,639,851
Acquired portfolio 13,715 377,185 - 56,242 470 447,612
Acquired with deteriorated credit quality 2,683 - - - - 2,683
Total $ 824,082 $ 2,592,909 $ 483,216 $ 271,795 $ 2,808 $ 4,174,810

26


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 6. Loans and the Allowance for Loan Losses – (continued)

The Company’s allowance for loan losses is analyzed quarterly. Many factors are considered, including growth in the portfolio, delinquencies, nonaccrual loan levels, and other factors inherent in the extension of credit. There have been no material changes to the allowance for loan losses (“ALLL”) methodology as disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017.

A summary of the activity in the ALLL is as follows:

Three Months Ended September 30, 2018
        Commercial    Commercial     Residential           
Commercial real estate construction real estate Consumer Unallocated Total
(dollars in thousands)
Balance at June 30, 2018 $     8,960 $     18,221 $     4,812 $     1,167 $     3 $     431 $     33,594
 
Charge-offs - - - - (6 ) - (6 )
 
Recoveries 56 - - - 5 - 61
 
Provision for loan losses 933 7 (22 ) 48 1 133 1,100
 
Balance at September 30, 2018 $ 9,949 $ 18,228 $ 4,790 $ 1,215 $ 3 $ 564 $ 34,749
 
Three Months Ended September 30, 2017
Commercial Commercial Residential
Commercial real estate construction real estate Consumer Unallocated Total
(dollars in thousands)
Balance at June 30, 2017 $     7,238 $     15,389 $     4,241 $985 $     2 $     546 $     28,401
 
Charge-offs - - - - (1 ) - (1 )
 
Recoveries 17 2 - - 1 - 20
 
Provision for loan losses 461 1,443 (301 ) 67 - (220 ) 1,450
 
Balance at September 30, 2017 $ 7,716 $ 16,834 $ 3,940 $ 1,052 $ 2 $ 326 $ 29,870

27


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 6. Loans and the Allowance for Loan Losses – (continued)

Nine Months Ended September 30, 2018
Commercial Commercial Residential
    Commercial     real estate     construction     real estate     Consumer     Unallocated     Total
(dollars in thousands)
Balance at December 31, 2017 $      8,233 $         17,112 $      4,747 $        1,050 $            1 $             605 $      31,748
 
Charge-offs (17,066 ) - - (18 ) (7 ) - (17,091 )
 
Recoveries 87 - - - 5 - 92
 
Provision 18,695 1,116 43 183 4 (41 ) 20,000
 
Balance at September 30, 2018 $ 9,949 $ 18,228 $ 4,790 $ 1,215 $ 3 $ 564 $ 34,749

Nine Months Ended September 30, 2017
Commercial Commercial Residential
    Commercial     real estate     construction     real estate     Consumer     Unallocated     Total
(dollars in thousands)
Balance at December 31, 2016 $      6,632 $      12,583 $            4,789 $      958 $            3 $             779 $      25,744
 
Charge-offs - (71 ) - - (12 ) - (83 )
 
Recoveries 158 50 - - 1 - 209
 
Provision for loan losses 926 4,272 (849 ) 94 10 (453 ) 4,000
 
Balance at September 30, 2017 $ 7,716 $ 16,834 $ 3,940 $ 1,052 $ 2 $ 326 $ 29,870

28


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 6. Loans and the Allowance for Loan Losses – (continued)

Troubled Debt Restructurings: Loans are considered to have been modified in a troubled debt restructuring (“TDRs”) when due to a borrower’s financial difficulties, the Company makes certain concessions to the borrower that it would not otherwise consider. Modifications may include interest rate reductions, principal or interest forgiveness, forbearance, and other actions intended to minimize economic loss and to avoid foreclosure or repossession of collateral. Generally, a nonaccrual loan that has been modified in a TDR remains on nonaccrual status for a period of nine months to demonstrate that the borrower is able to meet the terms of the modified loan. However, performance prior to the modification, or significant events that coincide with the modification, are included in assessing whether the borrower can meet the new terms and may result in the loan being returned to accrual status at the time of loan modification or after a shorter performance period. If the borrower’s ability to meet the revised payment schedule is uncertain, the loan remains on nonaccrual status.

The following table presents a rollforward of TDRs and the related changes to the allowance for loan losses (“ALLL”) that occurred for the periods presented:

Nine Months Ended Year Ended
September 30, 2018 December 31, 2017
(dollars in thousands)
Recorded Recorded
      Investment       ALLL       Investment       ALLL
TDRs
Beginning balance $      20,518 $      - $      13,818 $      -
Net additions 18,913 11 10,378 -
Payoffs/paydowns (7,094 ) - (3,098 ) -
Transfers - - (580 ) -
Ending balance $ 32,337 $ 11 $ 20,518 $ -

TDRs totaled $32.3 million at September 30, 2018, of which $21.1 million were on nonaccrual status and $11.2 million were performing under restructured terms. At December 31, 2017, TDRs totaled $20.5 million, of which $5.6 million were on nonaccrual status and $14.9 million were performing under restructured terms. TDRs as of September 30, 2018 increased the ALLL during the three and nine months ended September 30, 2018 by $-0- and $147 thousand, respectively. During the nine months ended September 30, 2018, one commercial construction loan and one commercial real estate loan showed collateral improvement, resulting in approximately $136 thousand reduction in specific reserve allocations. There were no charge-offs in connection with a loan modification at the time of modification during the three and nine months ended September 30, 2018. There were no TDRs for which there was a payment default within twelve months following the modification during the three and nine months ended September 30, 2018.

The following table presents loans by class modified as TDRs that occurred during the nine months ended September 30, 2018:

Pre-Modification Post-Modification
Outstanding Outstanding
Number of Recorded Recorded
      Loans       Investment       Investment
TDRs (dollars in thousands)
Commercial 31 $ 15,737 $ 15,737
Commercial real estate 2 209 209
Commercial construction 2 1,839 1,839
Residential real estate 2 454 454
Total 37 $ 18,239 $ 18,239

Included in the commercial loan segment of the troubled debt restructurings are 27 taxi medallion loans totaling $11.2 million. All 27 taxi medallion loans included above were on nonaccrual status prior to modification, and remain on nonaccrual status post-modification. All loan modifications during the nine months ended September 30, 2018 included interest rate reductions and maturity extensions.

29


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 6. Loans and the Allowance for Loan Losses – (continued)

TDRs totaled $17.6 million at September 30, 2017, of which $4.8 million were on nonaccrual status and $12.8 million were performing under restructured terms. At December 31, 2016, TDRs totaled $13.8 million, of which $0.5 million were on nonaccrual status and $13.3 million were performing under restructured terms. TDRs as of September 30, 2017 did not increase the ALLL during the three and nine months ended September 30, 2017. There were no charge-offs in connection with a loan modification at the time of modification during the three or nine months ended September 30, 2017. There were no TDRs for which there was a payment default within twelve months following the modification during the three and nine months ended September 30, 2017.

The following table presents loans by segment modified as troubled debt restructurings that occurred during the nine months ended September 30, 2017:

Pre-Modification Post-Modification
Outstanding Outstanding
Number of Recorded Recorded
      Loans       Investment       Investment
TDRs (dollars in thousands)
Commercial real estate 2 $ 3,042 $ 3,042
Commercial construction 1 2,589 2,589
Residential real estate 1 17 17
Total 4 $ 5,648 $ 5,648

Note 7. Fair Value Measurements and Fair Value of Financial Instruments

Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

Level 2: Quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (for example, supported with little or no market activity).

30


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 7. Fair Value Measurements and Fair Value of Financial Instruments – (continued)

An asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a recurring basis at September 30, 2018 and December 31, 2017:

Securities Available-for-Sale and Equity Securities: Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 inputs include securities that have quoted prices in active markets for identical assets. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. Examples of instruments which would generally be classified within Level 2 of the valuation hierarchy include municipal bonds and certain agency collateralized mortgage obligations. In certain cases where there is limited activity in the market for a particular instrument, assumptions must be made to determine the fair value of the instruments and these are classified as Level 3. When measuring fair value, the valuation techniques available under the market approach, income approach and/or cost approach are used. The Company’s evaluations are based on market data and the Company employs combinations of these approaches for its valuation methods depending on the asset class.

Derivatives: The fair value of derivatives is based on valuation models using observable market data as of the measurement date (level 2). Our derivatives are traded in an over-the-counter market where quoted market prices are not always available. Therefore, the fair values of derivatives are determined using quantitative models that utilize multiple market inputs. The inputs will vary based on the type of derivative, but could include interest rates, prices and indices to generate continuous yield or pricing curves, prepayment rate, and volatility factors to value the position. The majority of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services.

31

CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 7. Fair Value Measurements and Fair Value of Financial Instruments – (continued)

For financial assets and liabilities measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at September 30, 2018 and December 31, 2017 are as follows:

September 30, 2018
Fair Value Measurements at Reporting Date Using
Quoted Prices
in Active Significant
Markets for Other Significant
Identical Observable Unobservable
Assets Inputs Inputs
            (Level 1)       (Level 2)       (Level 3)
(dollars in thousands)
Recurring fair value measurements:
Assets
Investment securities:
Available-for-sale:
Federal agency obligations $        47,534 $            - $            47,534 $            -
Residential mortgage pass-through securities 190,551 - 190,551 -
Commercial mortgage pass-through securities 3,843 - 3,843 -
Obligations of U.S. states and political subdivision 130,388 - 120,947 9,441
Corporate bonds and notes 25,962 - 25,962 -
Asset-backed securities 10,363 - 10,363 -
Certificates of deposit 423 - 423 -
Other securities 975 975 - -
Total available-for-sale $ 410,039 $ 975 $ 399,623 $ 9,441
 
Equity securities 11,403 11,403 - -
 
Derivatives 1,906 - 1,906 -
Total assets $ 423,348 $ 12,378 $ 401,529 $ 9,441

32


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 7. Fair Value Measurements and Fair Value of Financial Instruments – (continued)

December 31, 2017
Fair Value Measurements at Reporting Date Using
Quoted Prices
in Active Significant
Markets for Other Significant
Identical Observable Unobservable
Assets Inputs Inputs
            (Level 1)       (Level 2)       (Level 3)
  (dollars in thousands)
Recurring fair value measurements:
Assets
Investment securities:
Available-for-sale:
Federal agency obligations $        56,022 $             - $            56,022 $               -
Residential mortgage pass-through securities 181,891 - 181,891 -
Commercial mortgage pass-through securities 4,054 - 4,054 -
Obligations of U.S. states and political subdivision 131,128 - 121,496 9,632
Trust preferred securities 4,671 - 4,671 -
Corporate bonds and notes 29,693 - 29,693 -
Asset-backed securities 12,050 - 12,050 -
Certificates of deposit 625 - 625 -
Equity securities 11,728 11,728 - -
Other securities 3,422 3,422 - -
Total available-for-sale $ 435,284 $ 15,150 $ 410,502 $ 9,632
Derivatives 798 - 798 -
Total assets $ 436,082 $ 15,150 $ 411,300 $ 9,632

There were no transfers between Level 1 and Level 2 during the quarter ended September 30, 2018 and during the year ended December 31, 2017.

Assets Measured at Fair Value on a Nonrecurring Basis

The Company may be required periodically to measure certain assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of lower of cost or fair value accounting or impairment write-downs of individual assets. The following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a nonrecurring basis at September 30, 2018 and December 31, 2017:

Loans Held-for-Sale: Residential mortgage loans, originated and intended for sale in the secondary market, are carried at the lower of aggregate cost or estimated fair value as determined by outstanding commitments from investors. For these loans originated and intended for sale, gains and losses on loan sales (sale proceeds minus carrying value) are recorded in other income and direct loan origination costs and fees are deferred at origination of the loan and are recognized in other income upon sale of the loan. Management obtains quotes or bids on all or part of these loans directly from the purchasing financial institutions (Level 2).

33


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 7. Fair Value Measurements and Fair Value of Financial Instruments – (continued)

Impaired Loans: The Company may record adjustments to the carrying value of loans based on fair value measurements, generally as partial charge-offs of the uncollectible portions of these loans. These adjustments also include certain impairment amounts for collateral dependent loans calculated in accordance with GAAP. Impairment amounts are generally based on the fair value of the underlying collateral supporting the loan and, as a result, the carrying value of the loan less the calculated impairment amount applicable to that loan does not necessarily represent the fair value of the loan. Real estate collateral is valued using independent appraisals or other indications of value based on recent comparable sales of similar properties or assumptions generally observable by market participants. However, due to the substantial judgment applied and limited volume of activity as compared to other assets, fair value is based on Level 3 inputs. Estimates of fair value used for collateral supporting commercial loans generally are based on assumptions not observable in the market place and are also based on Level 3 inputs.

For assets measured at fair value on a nonrecurring basis, the fair value measurements at September 30, 2018 and December 31, 2017 are as follows:

            Fair Value Measurements at Reporting Date Using
Quoted            
Prices
in Active Significant
Markets for Other Significant
Identical Observable Unobservable
September 30, Assets Inputs Inputs
Assets measured at fair value on a nonrecurring basis: 2018 (Level 1) (Level 2) (Level 3)
Impaired loans:

(dollars in thousands)

Commercial real estate $ 7,820 $ - $ - $ 7,820
Residential real estate 231 231
 
Fair Value Measurements at Reporting Date Using
Quoted
Prices
in Active Significant
Markets for Other Significant
Identical Observable Unobservable
December 31, Assets Inputs Inputs
Assets measured at fair value on a nonrecurring basis: 2017 (Level 1) (Level 2) (Level 3)
Impaired loans:

(dollars in thousands)

Commercial real estate $     1,094 $     - $     - $     1,094

Impaired loans Collateral dependent impaired loans at September 30, 2018 that required a valuation allowance were $8.8 million with a related valuation allowance of $0.7 million compared to $1.1 million with a related valuation allowance of $39 thousand at December 31, 2017.

34


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 7. Fair Value Measurements and Fair Value of Financial Instruments – (continued)

Assets Measured With Significant Unobservable Level 3 Inputs

Recurring basis

The tables below present a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the nine months ended September 30, 2018 and for the year ended December 31, 2017:

      Municipal
Securities
(dollars in thousands)
Beginning balance, January 1, 2018 $                       9,632
Principal paydowns (191 )
Ending balance, September 30, 2018 $ 9,441
 
Municipal
Securities
(dollars in thousands)
Beginning balance, January 1, 2017 $ 18,218
Principal paydowns (8,586 )
Ending balance, December 31, 2017 $     9,632

The following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a recurring basis at September 30, 2018 and December 31, 2017. The table below provides quantitative information about significant unobservable inputs used in fair value measurements within Level 3 hierarchy.

September 30, 2018                        
Valuation Unobservable
Fair Value Techniques Input Range
Securities available-for-sale:

 

(dollars in thousands) 

         
Municipal securities $ 9,441 Discounted cash flows Discount rate 2.9 %
 
December 31, 2017
Valuation Unobservable
Fair Value Techniques Input Range
Securities available-for-sale: (dollars in thousands)           
Municipal securities $     9,632 Discounted cash flows Discount rate 2.9 %

35


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 7. Fair Value Measurements and Fair Value of Financial Instruments – (continued)

Nonrecurring basis: The following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a nonrecurring basis for the periods presented. The tables below provide quantitative information about significant unobservable inputs used in fair value measurements within Level 3 hierarchy.

September 30, 2018                        
Valuation Unobservable
Fair Value Techniques Input Range
Impaired loans:

(dollars in thousands)

Commercial real estate $ 7,820 Sales comparison approach Adjustment for differences between the comparable sales 0% - 20% [10%]
Residential real estate $ 231 Sales comparison approach Adjustment for differences between the comparable sales 0% - 7% [2%]
 
December 31, 2017
Valuation Unobservable
Fair Value Techniques Input Range
Impaired loans: (dollars in thousands)
Commercial real estate $     1,094 Sales comparison approach Adjustment for differences between the comparable sales 0% - 10% [5%]

36


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 7. Fair Value Measurements and Fair Value of Financial Instruments – (continued)

As of September 30, 2018 the fair value measurements presented are consistent with Topic 820, Fair Value Measurement, in which fair value represents exit price. The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments as of September 30, 2018 and December 31, 2017:

                  Fair Value Measurements
Quoted            
Prices in
Active Significant
Markets for Other Significant
Identical Observable Unobservable
Carrying Fair Assets Inputs Inputs
Amount Value (Level 1) (Level 2) (Level 3)
(dollars in thousands)
September 30, 2018
Financial assets:
Cash and cash equivalents $ 155,848 $ 155,848 $ 155,848 $ - $ -
Securities available-for-sale 410,039 410,039 975 399,623 9,441
Equity Securities 11,403 11,403 11,403 - -
Loans held-for-sale 270 270 - - 270
Net loans 4,427,738 4,304,357 - - 4,304,357
Derivatives 1,906 1,906 - 1,906 -
 
Financial liabilities:
Noninterest-bearing deposits 758,213 758,213 758,213 - -
Interest-bearing deposits 3,230,552 3,222,141 1,907,805 1,314,336 -
Borrowings 629,979 626,841 - 626,841 -
Subordinated debentures 128,474 129,165 - 129,165 -
 
December 31, 2017
Financial assets:
Cash and cash equivalents $     149,582 $     149,582 $     149,582 $     - $     -
Securities available-for-sale 435,284 435,284 15,150 410,502 9,632
Loans held-for-sale 24,845 24,845 - 370 24,475
Net loans 4,139,708 4,118,542 - - 4,118,542
Derivatives 798 798 - 798 -
 
Financial liabilities:
Noninterest-bearing deposits 776,843 776,843 776,843 - -
Interest-bearing deposits 3,018,285 3,018,285 1,842,151 1,176,134 -
Borrowings 670,077 669,680 - 669,680 -
Subordinated debentures 54,699 57,340 - 57,340 -

37


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 7. Fair Value Measurements and Fair Value of Financial Instruments – (continued)

The fair value of commitments to originate loans is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair values of letters of credit and lines of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate or otherwise settle the obligations with the counterparties at the reporting date. The fair value of commitments to originate loans is immaterial and not included in the tables above.

Changes in assumptions or estimation methodologies may have a material effect on these estimated fair values.

Fair value estimates are based on existing balance sheet financial instruments, without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. For example, there are certain significant assets and liabilities that are not considered financial assets or liabilities, such as deferred taxes, premises and equipment, and goodwill. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates.

Management believes that reasonable comparability between financial institutions may not be likely, due to the wide range of permitted valuation techniques and numerous estimates which must be made, given the absence of active secondary markets for many of the financial instruments. This lack of uniform valuation methodologies also introduces a greater degree of subjectivity to these estimated fair values.

Note 8. Comprehensive Income

Total comprehensive income includes all changes in equity during a period from transactions and other events and circumstances from nonowner sources. The Company’s other comprehensive income (loss) is comprised of unrealized holding gains and losses on securities available-for-sale, obligations for defined benefit pension plan and an adjustment to reflect the curtailment of the Company’s defined benefit pension plan, net of taxes.

The following table represents the reclassification out of accumulated other comprehensive (loss) income for the periods presented:

                              Affected Line item in the
Details about Accumulated Other Amounts Reclassified from Accumulated Statement Where Net Income is
Comprehensive Income Components Other Comprehensive Income Presented
 
Three Months Ended Nine Months Ended
September 30 September 30
2018 2017 2018 2017
Sale of investment securities available-for-sale $ - $ - $ - $ 1,596 Net gains on sales of securities available-for-sale Income tax expense
- - - (579 )
$ - $ - $ - $ 1,017
 
Amortization of pension plan net actuarial losses $ 91 $ (103 ) $ 274 $ (309 ) Other components of net periodic pension expense Income tax expense
(26 ) 42 (77 ) 126
$ 65 $ (61 ) $ 197 $ (183 )
 
Total reclassification $     65 $     (61 ) $     197 $     834

38


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 8. Comprehensive Income – (continued)

Accumulated other comprehensive loss at September 30, 2018 and December 31, 2017 consisted of the following:

      September 30, December 31,
2018 2017
(dollars in thousands)
Investment securities available-for-sale, net of tax $ (8,208 ) $ (902 )
Cash flow hedge, net of tax 1,370 472
Defined benefit pension and post-retirement plans, net of tax (3,846 ) (3,589 )
Total $        (10,684 )       $         (4,019 )

Effective January 1, 2018, the Company implemented ASU 2018-02, “Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.” Under ASU 2018-02, the FASB amended existing guidance to allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act (“Tax Act”). In order to comply with this new ASU, the Company recorded an adjustment to the balance sheet on January 1, 2018 of approximately $709 thousand that increased retained earnings and increased accumulated other comprehensive loss.

Effective January 1, 2018, the Company implemented ASU 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” Under ASU 2016-01, equity securities, with certain exceptions, are to be measured at fair value with changes in fair value recognized in net income. In order to comply with this new ASU, the Company recorded a cumulative-effect adjustment to the balance sheet of approximately $55 thousand. As of September 30, 2018, the Company’s equity securities had readily determinable fair values.

Note 9. Stock Based Compensation

Restricted stock, options and restricted stock units typically have a three-year vesting period starting one year after the date of grant with one-third vesting each year. The options generally expire ten years from the date of grant. Restricted stock granted to new employees and board members may be granted with shorter vesting periods. Grants of performance units typically have a cliff vesting after three years or upon a change of control. All issuances are subject to forfeiture if the recipient leaves or is terminated prior to the awards vesting. Restricted shares have the same dividend and voting rights as common stock, while options, performance units and restricted stock units do not.

All awards are issued at fair value of the underlying shares at the grant date. The Company expenses the cost of the awards, which is determined to be the fair market value of the awards at the date of grant, ratably over the vesting period. Forfeiture rates are not estimated but are handled on a case-by-case basis. Compensation expense for the three and nine months ended September 30, 2018 were $0.6 million and $1.3 million, respectively, while the compensation expense for the three and nine months ended September 30, 2017 were $0.5 million and $1.3 million, respectively.

All awards are issued at fair value of the underlying shares at the grant date. The Company expenses the cost of the awards, which is determined to be the fair market value of the awards at the date of grant, ratably over the vesting period. Forfeiture rates are not estimated but are handled on a case-by-case basis.

39


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 9. Stock-Based Compensation – (continued)

Activity under the Company’s options as of and for the nine months ended September 30, 2018 was as follows:

Weighted-
Average
Weighted- Remaining
Number of Average Contractual
Stock Exercise Term Aggregate
      Options       Price       (in years)       Intrinsic Value
Outstanding at December 31, 2017 299,778 $ 6.18
Granted -
Exercised      (102,378 ) 5.12
Forfeited/cancelled/expired (1,323 ) 14.24
Outstanding at September 30, 2018 196,077 6.68 1.8 $ 3,346,546
 
Exercisable at September 30, 2018 196,077 $ 6.68 1.8 $ 3,346,546

The aggregate intrinsic value of outstanding and exercisable options above represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on September 30, 2018 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on September 30, 2018. This amount changes based on the fair market value of the Company’s stock.

Activity under the Company’s restricted shares as of and for the nine months ended September 30, 2018 was as follows:

Weighted-
Average
Nonvested Grant Date
      Shares       Fair Value
Nonvested at December 31, 2017 103,078 $ 20.41
Granted 23,018 28.08
Vested        (58,002 ) 20.33
Forfeited/cancelled/expired (666 ) 24.25
Nonvested at September 30, 2018 67,428 23.07

As of September 30, 2018, there was approximately $920,000 of total unrecognized compensation cost related to nonvested restricted shares granted under the plans. The cost is expected to be recognized over a weighted average period of 1.1 years. A total of -0- and 23,018 restricted shares were granted during the three and nine months ended September 30, 2018, respectively, and 1,000 and 56,164 for the three and nine months ended September 30, 2017, respectively.

40


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 9. Stock-Based Compensation – (continued)

A summary of the status of unearned performance unit awards and the change during the period is presented in the table below:

Weighted
Average Grant
Units Units Date Fair
      (expected)       (maximum)       Value
Unearned at December 31, 2017      151,194 $ 19.19
Awarded 19,614 31.35
Change in Estimate (15,172 )
Vested (69,627 ) 19.46
Unearned at September 30, 2018 86,009 151,772 $ 22.06

At September 30, 2018, the specific number of shares related to performance units that were expected to vest was 86,009, determined by actual performance in consideration of the established range of the performance targets, which is consistent with the level of expense currently being recognized over the vesting period. Should this expectation change, additional compensation expense could be recorded in future periods or previously recognized expense could be reversed. At September 30, 2018 the maximum amount of performance units that ultimately could vest if performance targets were exceeded is 151,772.

At September 30, 2018, compensation cost of approximately $822,000 related to non-vested performance units not yet recognized is expected to be recognized over a weighted-average period of 1.8 years. A total of -0- and 19,614 performance units were awarded during the three and nine months ended September 30, 2018, respectively.

During the nine months ended September 30, 2018, 69,627 shares were issued in satisfaction of earned performance units. The shares issued were calculated based on a net down of 26,955 shares to satisfy tax obligations created by vesting.

A summary of the status of unearned restricted stock units and the change during the period is presented in the table below:

Weighted
Average Grant
Units Date Fair
      (expected)       Value
Unearned at December 31, 2017 - $ -
Awarded 29,423 31.35
Forfeited - -
Vested - -
Unearned at September 30, 2018 29,423 $ 31.35

At September 30, 2018, the specific number of shares related to restricted stock units that were expected to vest was approximately 29,423. Any forfeitures would result in previously recognized expense being reversed. A portion of the shares that vest will be repurchased to satisfy the tax obligations of the recipient.

At September 30, 2018, compensation cost of approximately $756,000 related to non-vested restricted stock units, not yet recognized, is expected to be recognized over a weighted-average period of 2.4 years. A total of 29,423 and -0- restricted stock units were awarded during the nine months ended September 30, 2018 and 2017, respectively.

Effective January 1, 2017, the Company implemented ASU 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment.” Under ASU 2016-09 all excess tax benefits and tax deficiencies related to share-based payment awards should be recognized as income tax expense or benefit in the income statement during the period in which they occur. Included in income tax expense for the nine months ended September 30, 2018 and September 30, 2017 is a benefit of approximately $887 thousand and $181 thousand, respectively, which resulted from the effect of implementing ASU 2016-09.

41


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 10. Components of Net Periodic Pension Cost

The Company maintained a non-contributory defined benefit pension plan for substantially all of its employees until June 30, 2007, at which time the Company froze the plan. The following table sets forth the net periodic pension cost of the Company’s pension plan for the periods indicated.

Three Months Ended Affected Line Item in the Consolidated
September 30, Statements of Income
      2018       2017      
(dollars in thousands)
Service cost $        - $        -
Interest cost 106 119 Other components of net periodic pension expense
Expected return on plan assets (190 ) (160 ) Other components of net periodic pension expense
Net amortization 91 103 Other components of net periodic pension expense
Total periodic pension cost $ 7 $ 62

Nine Months Ended Affected Line Item in the Consolidated
September 30, Statements of Income
      2018       2017      
(dollars in thousands)
Service cost $        - $        -
Interest cost 320 358 Other components of net periodic pension expense
Expected return on plan assets (573 ) (480 ) Other components of net periodic pension expense
Net amortization 274 309 Other components of net periodic pension expense
Recognized settlement loss - 2 Other components of net periodic pension expense
Total periodic pension cost $ 21 $ 189

Effective January 1, 2018, the Company implemented ASU 2017-07, “Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” Under ASU 2017-07, the FASB requires employers to report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. If a separate line item or items are not used, the line item or items used in the income statement to present the other components of net benefit cost must be disclosed. The table above details the affected line items within the Consolidated Statements of Income related to the net periodic pension costs for the following periods.

42


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 10. Components of Net Periodic Pension Cost – (continued)

This ASU is also required to be applied retrospectively to all periods presented. The following table summarizes the impact of retrospective application to the consolidated statement of condition for the three and nine months ended September 30, 2017:

Three Months Nine Months
Ended Ended
September 30, September 30,
      2017       2017
(dollars in thousands)
Other components of net periodic pension expense
As previously reported $      - $      -
As reported under the new guidance 62 189
 
Salaries and employee benefits
As previously reported $ 8,872 $ 25,710
As reported under the new guidance 8,810 25,521

Contributions

The Company made a $2.0 million contribution to the Pension Trust during the three months ended March 31, 2018. The Company does not plan on contributing amounts to the Pension Trust for the remainder of 2018. The trust is established to provide retirement and other benefits for eligible employees and their beneficiaries. No part of the trust assets may be applied to any purpose other than providing benefits under the plan and for defraying expenses of administering the plan and the trust.

Note 11. FHLB Borrowings

The Company’s FHLB borrowings and weighted average interest rates are summarized below:

September 30, 2018 December 31, 2017
Amount Rate Amount Rate
(dollars in thousands)
Total FHLB borrowings       $      629,979            2.32 %       $      670,077            1.76 %
 
By remaining period to maturity:
Less than 1 year $ 459,979 2.24 % $ 505,077 1.59 %
1 year through less than 2 years 25,000 1.85 % 35,000 1.60 %
2 years through less than 3 years 95,000 2.76 % 85,000 2.65 %
3 years through less than 4 years 25,000 2.13 % 45,000 2.15 %
4 years through 5 years 25,000 2.92 % - -
Total FHLB borrowings $ 629,979 2.32 % $ 670,077 1.76 %

The FHLB borrowings are secured by pledges of certain collateral including, but not limited to, U.S. government and agency mortgage-backed securities and a blanket assignment of qualifying first lien mortgage loans, consisting of both residential mortgages and commercial real estate loans.

Advances are payable at stated maturity, with a prepayment penalty for fixed rate advances. All FHLB advances are fixed rates. The advances at September 30, 2018 were primarily collateralized by approximately $1.7 billion of commercial mortgage loans, net of required over collateralization amounts, under a blanket lien arrangement. At September 30, 2018 the Company had remaining borrowing capacity of approximately $1.0 billion at FHLB.

43


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 12. Revenue Recognition

Effective January 1, 2018, the Company adopted ASU 2014-09 Revenue from Contracts with Customers and all subsequent amendments to the ASU (collectively, "ASC 606”), which (i) creates a single framework for recognizing revenue from contracts with customers that fall within its scope and (ii) revises when it is appropriate to recognize a gain (loss) from the transfer of nonfinancial assets, such as OREO. The majority of the Company’s revenues come from interest income and other sources, including loans, leases, securities, and derivatives that are outside the scope of ASC 606. The Company’s services that fall within the scope of ASC 606 are presented within noninterest income and are recognized as revenue as the Company satisfies its obligation to the customer. Services within the scope of ASC 606 include deposit service charges on deposits, interchange income, and the sale of OREO.

The Company, using a modified retrospective transition approach, determined that there will be no cumulative effect adjustment to retained earnings as a result of adopting the new standard, nor will the standard have a material impact on our consolidated financial statements including the timing or amounts of revenue recognized.

All of the Company’s revenue from contracts with customers within the scope of ASC 606 is recognized within noninterest income. The following table presents the Company’s sources of noninterest income for the three months and nine months ended September 30, 2018 and 2017. Items outside of ASC 606 are noted as such.

    Three Months   Three Months
Ended Ended
September 30, September 30,
      2018       2017(b)
(dollars in thousands)
Noninterest income
Service charges on deposits
Overdraft fees $ 222 $ 228
Other 186 193
Interchange income 152 153
Net gains on sales of loans (a) 2 50
Wire transfer fees (a) 73 63
Loan servicing fees (a) 16 47
Bank owned life insurance (a) 751 985
Other 27 37
Total noninterest income $ 1,429 $ 1,756

Nine Months Nine Months
Ended Ended
September 30, September 30,
2018 2017(b)
(dollars in thousands)
Noninterest income            
Service charges on deposits
Overdraft fees $ 590 $ 587
Other 482 552
Interchange income 465 499
Net gains on sales of loans (a) 31 120
Wire transfer fees (a) 222 184
Loan servicing fees (a) 64 97
Bank owned life insurance (a) 2,300 2,402
Net gains on sales of securities (a) - 1,596
Annuities and insurance commissions (a) - 39
Other 70 104
Total noninterest income $ 4,224 $ 6,180

(a)

Not within scope of ASC 606

(b)

The Company elected the modified respective approach of adoption; therefore, prior period balances are presented under legacy GAAP and may not be comparable to current year presentation.


44


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 12. Revenue Recognition – (continued)

A description of the Company’s revenue streams accounted for under ASC 606 is as follows:

Service Charges on Deposit Accounts: The Company earns fees from deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees, which include services such as ATM use fees, stop payment charges, statement rendering, and ACH fees, are recognized at the time the transaction is executed at the point in the time the Company fulfills the customer’s request. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer’s account balance.

Interchange Income: The Company earns interchange fees from debit and credit card holder transactions conducted through various payment networks. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided by the cardholder.

Gains/Losses on Sales of OREO: The Company records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When the Company finances the sale of OREO to the buyer, the Company assesses whether the buyer is committed to perform their obligations under the contract and whether the collectability of the transaction prices is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on the sale, the Company adjusts the transaction price and related gain (loss) on sale if a significant financing component is present.

Note 13. Subordinated Debentures

During 2003, the Company formed a statutory business trust, which exists for the exclusive purpose of (i) issuing Trust Securities representing undivided beneficial interests in the assets of the Trust; (ii) investing the gross proceeds of the Trust securities in junior subordinated deferrable interest debentures (subordinated debentures) of the Company; and (iii) engaging in only those activities necessary or incidental thereto. On December 19, 2003, Center Bancorp Statutory Trust II, a statutory business trust and wholly-owned subsidiary of the Parent Corporation issued $5.0 million of MMCapS capital securities to investors due on January 23, 2034. The capital securities presently qualify as Tier I capital. The trust loaned the proceeds of this offering to the Company and received in exchange $5.2 million of the Parent Corporation’s subordinated debentures. The subordinated debentures are redeemable in whole or in part prior to maturity. The floating interest rate on the subordinate debentures is three month LIBOR plus 2.85% and reprices quarterly. The rate at September 30, 2018 was 5.19%. These subordinated debentures and the related income effects are not eliminated in the consolidated financial statements as the statutory business trust is not consolidated in accordance with FASB ASC 810-10. Distributions on the subordinated debentures owned by the subsidiary trust have been classified as interest expense in the Consolidated Statements of Income.

The following table summarizes the mandatory redeemable trust preferred securities of the Company’s Statutory Trust II at September 30, 2018 and December 31, 2017.

Securities Redeemable by
Issuance Date Issued Liquidation Value Coupon Rate Maturity Issuer Beginning
12/19/2003       $ 5,000,000       $1,000 per Capital       Floating 3-month       01/23/2034       01/23/2009
Security LIBOR + 285 Basis
Points

During June 2015, the Parent Corporation issued $50 million in aggregate principal amount of fixed-to-floating rate subordinated notes (the “Notes”). The Notes are non-callable for five years, have a stated maturity of July 1, 2025, and bear interest at a fixed rate of 5.75% per year, from and including June 30, 2015 to, but excluding July 1, 2020. From and including July 1, 2020 to the maturity date or early redemption date, the interest rate will reset quarterly to a level equal to the then current three month LIBOR rate plus 393 basis points. As of September 30, 2018, unamortized costs related to this debt issuance were approximately $317,000.

On January 11, 2018, the Parent Corporation issued $75 million in aggregate principal amount of fixed-to-floating rate subordinated notes (the “Notes”). The Notes bear interest at 5.20% annually from, and including, the date of initial issuance to, but excluding, February 1, 2023, payable semi-annually in arrears. From and including February 1, 2023 through maturity or earlier redemption, the interest rate shall reset quarterly to an interest rate per annum equal to the then current three-month LIBOR rate plus 284 basis points (2.84%) payable quarterly in arrears. If three-month LIBOR is not available for any reason, then the rate for that interest period will be determined by such alternate method as provided in the Supplemental Indenture. Interest on the Notes will be paid on February 1, and August 1, commencing August 1, 2018 to but not including February 1, 2023, and from and including February 1, 2023, on February 1, May 1, August 1, and November 1, of each year to but excluding the stated maturity date, unless in any case previously redeemed. As of September 30, 2018, unamortized costs related to this debt issuance were approximately $1,364,000.

45


CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

Note 14. Offsetting Assets and Liabilities

Certain financial instrument-related assets and liabilities may be eligible for offset on the consolidated statements of condition because they are subject to master netting agreements or similar agreements. However, the Company does not elect to offset such arrangements on the consolidated financial statements. The Company enters into interest rate swap agreements with financial institution counterparties. For additional detail regarding interest rate swap agreements refer to Note 5 within this section. In the event of default on, or termination of, any one contract, both parties have the right to net settle multiple contracts. Also, certain interest rate swap agreements may require the Company to receive or pledge cash or financial instrument collateral based on the contract provisions. The following table presents information about financial instruments that are eligible for offset as of September 30, 2018 and December 31, 2017:

                        Gross Amounts Not Offset
Net Amounts            
Gross Amounts of Assets
Offset in the Presented in the  Cash or
Statement of Statement of Financial Financial
Gross Amounts Financial Financial Instruments Instrument Net
Recognized Condition Condition Recognized Collateral Amount
(dollars in thousands)
September 30, 2018
Assets:
Interest rate swaps
$      1,906 $      - $      1,906 $      - $      - $      1,906
December 31, 2017
Assets:
Interest rate swaps
$ 798 $ - $ 798 $ - $ - $ 798

As of September 30, 2018 and December 31, 2017, there was no financial collateral pledged to our interest rate swaps. As these swap positions were not within the contractually agreed upon collateral requirement there was no collateral pledged to, or from, the respective counterparties.

46


Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The purpose of this analysis is to provide the reader with information relevant to understanding and assessing the Company’s results of operations for the periods presented herein and financial condition as of September 30, 2018 and December 31, 2017. In order to fully understand this analysis, the reader is encouraged to review the consolidated financial statements and accompanying notes thereto appearing elsewhere in this report.

Cautionary Statement Concerning Forward-Looking Statements

This report includes forward-looking statements within the meaning of Sections 27A of the Securities Act of 1933, as amended, and 21E of the Securities Exchange Act of 1934, as amended, that involve inherent risks and uncertainties. This report contains certain forward-looking statements with respect to the financial condition, results of operations, plans, objectives, future performance and business of ConnectOne Bancorp Inc. and its subsidiaries, including statements preceded by, followed by or that include words or phrases such as “believes,” “expects,” “anticipates,” “plans,” “trend,” “objective,” “continue,” “remain,” “pattern” or similar expressions or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” “may” or similar expressions. There are a number of important factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors that might cause such a difference include, but are not limited to: (1) competitive pressures among depository institutions may increase significantly; (2) changes in the interest rate environment may reduce interest margins; (3) prepayment speeds, loan origination and sale volumes, charge-offs and loan loss provisions may vary substantially from period to period; (4) general economic conditions may be less favorable than expected; (5) political developments, sovereign debt problems, wars or other hostilities may disrupt or increase volatility in securities markets or other economic conditions; (6) legislative or regulatory changes or actions may adversely affect the businesses in which ConnectOne Bancorp is engaged, including, without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and regulations issued thereunder; (7) changes and trends in the securities markets may adversely impact ConnectOne Bancorp; (8) a delayed or incomplete resolution of regulatory issues could adversely impact planning by ConnectOne Bancorp; (9) the impact on reputation risk created by the developments discussed above on such matters as business generation and retention, funding and liquidity could be significant; and (10) the outcome of regulatory and legal investigations and proceedings may not be anticipated. Further information on other factors that could affect the financial results of ConnectOne Bancorp is included in Item 1a. of ConnectOne Bancorp’s Annual Report on Form 10-K as amended and updated in ConnectOne Bancorp’s other filings with the Securities and Exchange Commission. These documents are available free of charge at the Commission’s website at http://www.sec.gov and/or from ConnectOne Bancorp, Inc.

Critical Accounting Policies and Estimates

The accounting and reporting policies followed by ConnectOne Bancorp, Inc. and its subsidiaries (collectively, the “Company”) conform, in all material respects, to GAAP. In preparing the consolidated financial statements, management has made estimates, judgments and assumptions that affect the reported amounts of assets and liabilities as of the dates of the consolidated statements of condition and for the periods indicated in the consolidated statements of operations. Actual results could differ significantly from those estimates.

The Company’s accounting policies are fundamental to understanding Management’s Discussion and Analysis (“MD&A”) of financial condition and results of operations. The Company has identified the determination of the allowance for loan losses, the other-than-temporary impairment evaluation of securities, the evaluation of the impairment of goodwill and the evaluation of deferred tax assets to be critical because management must make subjective and/or complex judgments about matters that are inherently uncertain and could be most subject to revision as new information becomes available. Additional information on these policies is provided below.

Allowance for Loan Losses and Related Provision: The allowance for loan losses (“ALLL”) represents management’s estimate of probable incurred credit losses inherent in the loan portfolio. Determining the amount of the ALLL is considered a critical accounting estimate because it requires significant judgment and the use of estimates related to the amount and timing of expected future cash flows on impaired loans, estimated losses on pools of homogeneous loans based on historical loss experience, individual credit situation and consideration of current economic trends and conditions, all of which may be susceptible to significant change. The loan portfolio also represents the largest asset type on the consolidated statements of condition.

The evaluation of the adequacy of the ALLL includes, among other factors, an analysis of historical loss rates by loan segment applied to current loan totals. However, actual loan losses may be higher or lower than historical trends, which vary. Actual losses on specified problem loans, which also are provided for in the evaluation, may vary from estimated loss percentages, which are established based upon a limited number of potential loss classifications.

47


The ALLL is established through a provision for loan losses charged to expense. Management believes that the current ALLL will be adequate to absorb loan losses on existing loans that may become uncollectible based on the evaluation of known and inherent risks in the loan portfolio. The evaluation takes into consideration such factors as changes in the nature and size of the portfolio, overall portfolio quality, and specific problem loans and current economic conditions which may affect the borrowers’ ability to pay. The evaluation also details historical losses by loan segment and the resulting loan loss rates which are projected for current loan total amounts. Loss estimates for specified problem loans are also detailed. All of the factors considered in the analysis of the adequacy of the ALLL may be subject to change. To the extent actual outcomes differ from management estimates, additional provisions for loan losses may be required that could materially adversely impact earnings in future periods. Additional information can be found in Note 6 of the Notes to Consolidated Financial Statements.

Other-Than-Temporary Impairment of Securities Available-for-Sale: Securities available-for-sale are evaluated on at least a quarterly basis, and more frequently when market conditions warrant such an evaluation, to determine whether a decline in their value is other-than-temporary. FASB ASC 320-10-65 clarifies the interaction of the factors that should be considered when determining whether a debt security is other–than-temporarily impaired. For debt securities, management assesses whether (a) it has the intent to sell the security and (b) it is more likely than not that it will be required to sell the security prior to its anticipated recovery.

In instances when a determination is made that an other-than-temporary impairment exists but the investor does not intend to sell the debt security and it is not more likely than not that it will be required to sell the debt security prior to its anticipated recovery, the other-than-temporary impairment is separated into (a) the amount of the total other-than-temporary impairment related to a decrease in cash flows expected to be collected from the debt security (the credit loss) and (b) the amount of the total other-than-temporary impairment related to all other factors. The amount of the total other-than-temporary impairment related to the credit loss is recognized in earnings. The amount of the total other-than-temporary impairment related to all other factors is recognized in other comprehensive income.

Fair Value of Securities: FASB ASC 820-10-35 clarifies the application of the provisions of FASB ASC 820-10-05 in an inactive market and how an entity would determine fair value in an inactive market. The Company applies the guidance in FASB ASC 820-10-35 when determining fair value for the Company’s private label collateralized mortgage obligations, pooled trust preferred securities and single name corporate trust preferred securities. See Note 7 of the Notes to Consolidated Financial Statements for further discussion.

FASB ASC 820-10-65 provides additional guidance for estimating fair value in accordance with FASB ASC 820-10-05 when the volume and level of activity for the asset or liability have significantly decreased. This ASC also includes guidance on identifying circumstances that indicate a transaction is not orderly.

Goodwill: The Company adopted the provisions of FASB ASC 350-10, which requires that goodwill be reported separate from other intangible assets in the Consolidated Statements of Condition and not be amortized but rather tested for impairment annually or more frequently if impairment indicators arise.

Income Taxes: The objectives of accounting for income taxes are to recognize the amount of taxes payable or refundable for the current year and deferred tax liabilities and assets for the future tax consequences of events that have been recognized in an entity’s financial statements or tax returns. Judgment is required in assessing the future tax consequences of events that have been recognized in the Company’s consolidated financial statements or tax returns.

Fluctuations in the actual outcome of these future tax consequences could impact the Company’s consolidated financial condition or results of operations. Note 12 of the Notes to Consolidated Financial Statements included in the Company’s Form 10-K for the year ended December 31, 2017 includes additional discussion on the accounting for income taxes.

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Operating Results Overview

Net income for the three months ended September 30, 2018 amounted to $19.9 million compared to $13.1 million for the comparable 2017 three-month period. The Company’s diluted earnings per share were $0.61 for the three months ended September 30, 2018 as compared with diluted earnings per share of $0.41 for the comparable 2017 three-month period. The increase in net income and diluted earnings per share was primarily attributable to an increase in net interest income ($2.9 million), a decrease in provision for loan losses ($0.4 million) and a decrease in income tax expense ($3.5 million).

Net income for the nine months ended September 30, 2018 amounted to $41.7 million compared to $32.6 million for the comparable nine-month period ended September 30, 2017. The Company’s diluted earnings per share were $1.29 for the nine months ended September 30, 2018 as compared with diluted earnings per share of $1.01 for the comparable nine-month period ended September 30, 2017. The increase in net income and diluted earnings per share was primarily attributable to an increase in net interest income ($11.8 million), a decrease in provision for loan losses excluding taxi ($1.0 million) and a decrease in income tax expense ($5.5 million), partially offset by a net increase in charges related to taxi medallion loans ($1.7 million), a decrease in noninterest income ($2.0 million), and an increase in noninterest expenses ($5.6 million) (excluding taxi charges of $15.3 million).

Net Interest Income and Margin

Net interest income is the difference between the interest earned on the portfolio of earning assets (principally loans and investments) and the interest paid for deposits and borrowings, which support these assets. Net interest income is presented on a tax-equivalent basis by adjusting tax-exempt income (primarily interest earned on obligations of state and political subdivisions) by the amount of income tax which would have been paid had the assets been invested in taxable issues. Net interest margin is defined as net interest income on a tax-equivalent basis as a percentage of total average interest-earning assets.

Fully taxable equivalent net interest income for the three months ended September 30, 2018 was $40.4 million, an increase of $2.5 million, or 6.6%, from the three months ended September 30, 2017, resulting from an increase in average total interest-earning assets of 10.9%, primarily reflecting significant organic loan growth, offset by a contraction of the net interest margin of 14 basis-points to 3.30% for the three months ended September 30, 2018 from 3.44% for the three months ended September 30, 2017. Included in net interest income was accretion and amortization of purchase accounting adjustments of $0.2 million during the three months ended September 30, 2018 and $0.3 million during the three months ended September 30, 2017. Excluding these purchase accounting adjustments, the adjusted net interest margin was 3.29% for the three months ended September 30, 2018, contracting by 12 basis-points from 3.41% for the three months ended September 30, 2017. The decrease in the adjusted net interest margin was primarily attributable to a long-term subordinated debt issuance during the first quarter of 2018, the change in the taxable equivalent adjustment due to the Tax Act, increased cost of deposits and lower yields on securities.

Fully taxable equivalent net interest income for the nine months ended September 30, 2018 was $118.5 million, an increase of $10.5 million, or 9.7%, from the nine months ended September 30, 2017, resulting from an increase in total average interest-earning assets of 14.8% due to significant organic loan growth. Net interest margin was 3.29% for the nine months ended September 30, 2018, contracting 15 basis-points from 3.44% for the nine months ended September 30, 2017. Included in net interest income was accretion and amortization of purchase accounting adjustments of $1.1 million and $1.3 million during the nine months ended September 30, 2018 and 2017, respectively. Excluding these purchase accounting adjustments, the adjusted net interest margin was 3.25% for the nine months ended September 30, 2018, contracting by 15 basis-points from adjusted net interest margin of 3.40% for the nine months ended September 30, 2017. The decrease in the adjusted net interest margin was primarily attributable to a long-term subordinated debt issuance during the first quarter of 2018, the change in the taxable equivalent adjustment due to the Tax Act, increased cost in deposits funding and lower yields on securities.

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The following tables, “Average Statements of Condition with Interest and Average Rates”, present for the three and nine months ended September 30, 2018 and 2017, the Company’s average assets, liabilities and stockholders’ equity. The Company’s net interest income, net interest spread and net interest margin are also reflected.

Average Statements of Condition with Interest and Average Rates

   Three Months Ended September 30,
2018    2017
   Interest       Interest   
Average Income/ Average Average Income/ Average
Balance Expense Rate (8) Balance Expense Rate (8)
(dollars in thousands)
Interest-earning assets:
Securities (1) (2) $     423,566 $     3,147 2.95 % $     397,077 $     3,033     3.03 %
Loans receivable and loans held-for-sale (2) (3) (4) 4,362,905 51,973 4.73 3,898,404 43,683 4.45
Federal funds sold and interest-bearing with banks 42,164 183 1.72 53,820 170 1.25
Restricted investment in bank stocks 28,043 530 7.50 29,236 362 4.91
Total interest-earning assets 4,856,678 55,833 4.56 4,378,537 47,248 4.28
Noninterest-earning assets:
Allowance for loan losses (33,943 ) (28,999 )
Other noninterest-earning assets 363,438 363,949
Total assets $ 5,186,173 $ 4,713,487
 
Interest-bearing liabilities:
Interest-bearing deposits:
Time deposits $ 1,296,165 $ 6,477 1.98 $ 1,005,997 $ 3,593 1.42
Other interest-bearing deposits 1,854,763 4,204 0.90 1,816,162 2,520 0.55
Total interest-bearing deposits 3,150,928 10,681 1.34 2,822,159 6,113 0.86
Borrowings 531,251 2,839 2.12 570,711 2,353 1.64
Subordinated debentures (5) 128,420 1,831 5.66 54,630 813 5.90
Capital lease 2,554 38 5.90 2,688 40 5.90
Total interest-bearing liabilities 3,813,153 15,389 1.60 3,450,188 9,319 1.07
Noninterest-bearing demand deposits 761,782 688,707
Other liabilities 21,110 17,972
Total noninterest-bearing liabilities 782,892 706,679
Stockholders’ equity 590,128 556,620
Total liabilities and stockholders’ equity $ 5,186,173 $ 4,713,487
Net interest income (tax-equivalent basis) 40,444 37,929
Net interest spread (6) 2.96 % 3.21 %
Net interest margin (7) 3.30 % 3.44 %
Tax-equivalent adjustment (482 ) (910 )
Net interest income $ 39,962 $ 37,019

(1)       Average balances are based on amortized cost and include equity securities.
(2) Interest income is presented on a tax-equivalent basis using 21% and 35% federal tax rates as of September 30, 2018 and September 30, 2017, respectively.
(3) Includes loan fee income.
(4) Total loans include loans held-for-sale and nonaccrual loans.
(5) Average balances are net of debt issuance costs of $1,735 and $525 as of September 30, 2018 and September 30, 2017, respectively. Amortization expense related to debt issuance costs included in interest expense was $82 and $41 as of September 30, 2018 and September 30, 2017, respectively.
(6) Represents difference between the average yield on interest-earning assets and the average cost of interest-bearing liabilities and is presented on a tax-equivalent basis.
(7) Represents net interest income on a tax-equivalent basis divided by average total interest-earning assets.
(8) Rates are annualized.

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Average Statements of Condition with Interest and Average Rates

Nine Months Ended September 30,
2018 2017
Interest Interest
Average Income/ Average Average Income/ Average
   Balance    Expense Rate (8)    Balance    Expense    Rate (8)
(dollars in thousands)
Interest-earning assets:   
Securities (1) (2) $     432,475 $     9,200 2.84 % $     384,782 $     9,272 3.22 %
Loans receivable and loans held-for-sale (2) (3) (4) 4,294,792 148,994 4.64 3,716,876 123,009 4.42
Federal funds sold and interest-bearing with banks 63,506 607 1.28 73,424 555 1.01
Restricted investment in bank stocks 30,402 1,517 6.67 26,177 982 5.02
Total interest-earning assets 4,821,175 160,318 4.45 4,201,259 133,818 4.26
Noninterest-earning assets:
Allowance for loan losses (32,915 ) (27,533 )
Other noninterest-earning assets 337,509 358,161
Total assets $ 5,125,769 $ 4,531,887
 
Interest-bearing liabilities:
Interest-bearing deposits:
Time deposits $ 1,261,660 $ 17,096 1.81 $ 982,149 $ 9,996 1.36
Other interest-bearing deposits 1,811,966 10,442 0.77 1,745,742 6,722 0.51
Total interest-bearing deposits 3,073,626 27,538 1.20 2,727,891 16,718 0.82
Borrowings 591,348 8,856 2.00 509,625 6,581 1.73
Subordinated debentures (5) 124,029 5,345 5.76 54,590 2,431 5.95
Capital lease 2,588 117 6.04 2,720 123 6.05
Total interest-bearing liabilities 3,791,591 41,856 1.48 3,294,826 25,853 1.05
Noninterest-bearing demand deposits 735,345 670,709
Other liabilities 18,728 17,652
Total noninterest-bearing liabilities 754,073 688,361
Stockholders’ equity 580,105 548,700
Total liabilities and stockholders’ equity $ 5,125,769 $ 4,531,887
Net interest income (tax-equivalent basis) 118,462 107,965
Net interest spread (6) 2.97 % 3.21 %
Net interest margin (7) 3.29 % 3.44 %
Tax-equivalent adjustment (1,408 ) (2,704 )
Net interest income $ 117,054 $ 105,261

(1)       Average balances are based on amortized cost and include equity securities.
(2) Interest income is presented on a tax-equivalent basis using 21% and 35% federal tax rates as of September 30, 2018 and September 30, 2017, respectively.
(3) Includes loan fee income.
(4) Total loans include loans held-for-sale and nonaccrual loans.
(5) Average balances are net of debt issuance costs of $1,730 and $565 as of September 30, 2018 and September 30, 2017, respectively. Amortization expense related to debt issuance costs included in interest expense was $250 and $124 as of September 30, 2018 and September 30, 2017, respectively.
(6) Represents difference between the average yield on interest-earning assets and the average cost of interest-bearing liabilities and is presented on a tax-equivalent basis.
(7) Represents net interest income on a tax-equivalent basis divided by average total interest-earning assets.
(8) Rates are annualized.

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Noninterest Income

Noninterest income totaled $1.4 million for the three months ended September 30, 2018, compared with $1.8 million for the three months ended September 30, 2017. Noninterest income consists of income on bank owned life insurance (“BOLI”), net gains on sales of loans held-for-sale, deposit service fees, loan fees, and other income. The decrease from the prior year third quarter was mainly attributable to a BOLI death benefit in the prior period.

Noninterest income totaled $4.2 million for the nine months ended September 30, 2018, compared with $6.2 million for the nine months ended September 30, 2017. For the nine months ended September 30, 2018 and 2017, there were $-0- and $1.6 million of net securities gains, respectively. Excluding the securities gains, noninterest income decreased $0.4 million from the prior year third quarter due primarily to a BOLI death benefit in the prior period.

Noninterest Expenses

Noninterest expenses totaled $18.3 million for the three months ended September 30, 2018, compared to $18.6 million for the three months ended September 30, 2017. Noninterest expenses decreased by $0.3 million from the prior year third quarter due primarily to a $3.0 million valuation allowance adjustment on taxi medallion loans held-for-sale that occurred during the prior year third quarter, partially offset by increases in salaries and employee benefits ($1.4 million), and other expenses ($0.7 million), both mainly due to increased levels of business and staff resulting from organic growth, changes in fair value of equity securities ($0.2 million) and merger-related expenses ($0.4 million).

Noninterest expenses totaled $52.5 million for the nine months ended September 30, 2018, compared to $62.2 million for the nine months ended September 30, 2017. Noninterest expenses decreased by $9.7 million from the prior year nine-month period due primarily to a $15.3 million valuation allowance adjustment on taxi medallion loans held-for-sale that occurred during the prior year nine-month period, partially offset by increases in salaries and employee benefits ($4.1 million), other expenses ($1.1 million), changes in fair value of equity securities ($0.3 million) and merger-related expenses ($0.4 million). The increases over the prior year nine-month period (excluding the valuation allowance on the taxi medallions) were mainly the result of increased levels of business and staff resulting from organic growth.

Income Taxes

Income tax expense was $2.1 million for the three months ended September 30, 2018, compared to $5.6 million for the three months ended September 30, 2017. The decrease in income tax expense was primarily the result of a reduced Federal tax rate due to the Tax Act, benefits related to Federal and NJ deferred tax asset adjustments and benefits resulting from ASU 2016-09. The effective tax rate for the three months ended September 30, 2018 and September 30, 2017 was 9.6% and 30.0%, respectively.

Income tax expense was $7.1 million for the nine months ended September 30, 2018, compared to $12.6 million for the nine months ended September 30, 2017. The decrease in income tax expense was primarily the result of a reduced Federal tax rate due to the Tax Act, benefits related to Federal and NJ deferred tax asset adjustments and benefits resulting from ASU 2016-09. The effective tax rate for the nine months ended September 30, 2018 was 14.6% versus 27.9% for the prior-year period. The effective tax rate, exclusive of income tax expense adjustments, is anticipated to increase to approximately 26% for 2019, due to the recent NJ corporate tax legislation.

Financial Condition

Loan Portfolio

Commercial lending is the Company’s primary business activity. The Company’s loan portfolio consists of commercial, residential and consumer loans, serving a diverse client base in the Company’s market area. The composition of the Company’s portfolio remains relatively constant but can change due to factors such as the economic climate, the level and fluctuations in interest rates, real estate values and employment metrics. Organic growth (i.e., growth other than through mergers and acquisitions) is generated through business development, repeat client requests for new financings, penetration into existing markets and entry into new markets.

The Company seeks to create growth in commercial lending by offering client-focused products, competitive pricing and by capitalizing on the positive trends in its market area. Products offered are designed to meet the financial requirements of the Company’s clients. It is the objective of the Company’s credit policies to diversify the commercial loan portfolio to limit concentrations in any single segment.

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The following table sets forth the composition of our loan portfolio, excluding loans held-for-sale and unearned net origination fees and costs, by loan segment at the periods indicated.

Amount
September 30, 2018 December 31, 2017 Increase/
      Amount       %       Amount       %       (Decrease)
(dollars in thousands)
Commercial $ 933,169 20.9 % $ 824,082 19.7 % $ 109,087
Commercial real estate 2,739,943 61.3 2,592,909 62.1 147,034
Commercial construction 494,206 11.1 483,216 11.6 10,990
Residential real estate 295,948 6.6 271,795 6.5 24,153
Consumer 2,508 0.1 2,808 0.1 (300 )
Gross loans $      4,465,774      100.0 % $      4,174,810      100.0 % $      290,964

At September 30, 2018, gross loans totaled $4.5 billion, an increase of $291 million, or 7.0%, as compared to December 31, 2017. Net loan growth was attributable to increases in commercial real estate ($147 million), commercial loans ($109 million), residential real estate and consumer ($24 million) and commercial construction ($11 million). Included in the commercial real estate increase was approximately $25 million of loans previously classified as held-for-sale but now classified as loans held-for-investment.

At September 30, 2018, acquired loans remaining in the loan portfolio totaled $0.3 billion, compared to $0.5 billion as of December 31, 2017.

Allowance for Loan Losses and Related Provision

The purpose of the allowance for loan losses (“ALLL”) is to establish a valuation allowance for probable incurred credit losses in the loan portfolio. Additions to the ALLL are made through provisions charged against current operations and through recoveries made on loans previously charged off. The ALLL is maintained at an amount considered adequate by management to provide for probable incurred credit losses inherent in the loan portfolio based upon historical losses and a periodic evaluation of external and portfolio risk factors. In establishing an appropriate ALLL, an assessment of the individual borrowers, a determination of the value of the underlying collateral, a review of historical loss experience and an analysis of the levels and trends of loan segments, delinquencies and problem loans are considered. Such factors as the level and trend of interest rates and current economic conditions and peer group statistics are also reviewed. The Company’s analysis of its ALLL also takes into consideration the potential impact that current trends may have on the Company’s borrower base.

Although management uses the best information available, the level of the ALLL remains an estimate, which is subject to significant judgment and short-term change. Various regulatory agencies, as an integral part of their examination process, periodically review the Company’s ALLL. Such agencies may require the Company to increase the ALLL based on their analysis of information available to them at the time of their examination. Furthermore, the majority of the Company’s loans are secured by real estate in the State of New Jersey. Future adjustments to the ALLL may be necessary due to economic factors impacting New Jersey real estate and the economy in general, as well as operating, regulatory and other conditions beyond the Company’s control.

At September 30, 2018, the ALLL was $34.7 million as compared to $31.7 million at December 31, 2017. The provision for loan losses for the three months ended September 30, 2018 was $1.1 million, compared to $1.5 million for the three months ended September 30, 2017. The decrease in the provision for loan losses was primarily attributable to a decrease in provision allocated to the acquired loan portfolio. The provision for loan losses for the nine months ended September 30, 2018 was $20.0 million, compared to $4.0 million for the nine months ended September 30, 2017. The increase in provision for loan losses was primarily attributable to $17.0 million allocation related to the taxi medallion loan portfolio.

There were $55 thousand in net recoveries during the three months ended September 30, 2018, compared with $19 thousand in net recoveries during the three months ended September 30, 2017. There were $17.0 million in net charge-offs during the nine months ended September 30, 2018, compared to $126 thousand in net recoveries during the nine months ended September 30, 2017. The increase in charge-offs during the nine months ended September 30, 2018 is attributable to a $17.0 million charge-off related to the taxi medallion loan portfolio. The $17.0 million charge-off was a result of decreases in the transfer values of medallions as reported by the New York City Taxi and Limousine Commission, as well as a reduction in the Company’s cash flow valuation model. The ALLL as a percentage of loans receivable amounted to 0.78% at September 30, 2018 compared to 0.76% at December 31, 2017 and 0.77 % at September 30, 2017.

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The level of the allowance for the respective periods of 2018 and 2017 reflects the credit quality within the loan portfolio, loan growth, the changing composition of the commercial and residential real estate loan portfolios and other related factors. In management’s view, the level of the ALLL at September 30, 2018 is adequate to cover losses inherent in the loan portfolio. Management’s judgment regarding the adequacy of the allowance constitutes a “Forward-Looking Statement” under the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from management’s analysis, based principally upon the factors considered by management in establishing the allowance.

Changes in the ALLL are presented in the following table for the periods indicated.

Three Months Ended
September 30,
      2018       2017
(dollars in thousands)
Average total loans at end of period $ 4,362,905 $ 3,898,404
 
Analysis of the ALLL:
Balance - beginning of quarter $ 33,594 $ 28,401
Charge-offs:
Consumer (6 ) (1 )
Total charge-offs (6 ) (1 )
Recoveries:
Commercial 56 17
Commercial real estate - 2
Consumer 5 1
Total recoveries 61 20
Net (charge-offs) recoveries 55 19
Provision for loan and losses 1,100 1,450
Balance - end of period $ 34,749 $ 29,870
Ratio of annualized net charge-offs during the period to average loans during the period (0.01 )% (0.00 )%
 
Loans receivable $ 4,462,487 $ 3,889,289
ALLL as a percentage of loans receivable 0.78 % 0.77 %
 
Nine Months Ended
September 30,
2018 2017
(dollars in thousands)
Average total loans at end of period $ 4,294,792 $ 3,716,876
 
Analysis of the ALLL:
Balance - beginning of quarter $ 31,748 $ 25,744
Charge-offs:
Commercial-taxi medallion loans (17,046 ) -
Commercial-other (20 ) -
Commercial real estate - (71 )
Residential real estate (18 ) -
Consumer (7 ) (12 )
Total charge-offs (17,091 ) (83 )
Recoveries:
Commercial-other 87 158
Commercial real estate - 50
Consumer 5 1
Total recoveries 92 209
Net (charge-offs) recoveries (16,999 ) 126
Provision for loan and losses 20,000 4,000
Balance - end of period $ 34,749 $ 29,870
Ratio of annualized net charge-offs during the period to average loans during the period 0.53 % (0.00 )%
 
Loans receivable $      4,462,487 $      3,889,289
ALLL as a percentage of loans receivable 0.78 % 0.77 %

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Asset Quality

The Company manages asset quality and credit risk by maintaining diversification in its loan portfolio and through review processes that include analysis of credit requests and ongoing examination of outstanding loans, delinquencies, and potential problem loans, with particular attention to portfolio dynamics and mix. The Company strives to identify loans experiencing difficulty early enough to correct the problems, to record charge-offs promptly based on realistic assessments of current collateral values and cash flows, and to maintain an adequate allowance for loan losses at all times.

It is generally the Company’s policy to discontinue interest accruals once a loan is past due as to interest or principal payments for a period of ninety days. When a loan is placed on nonaccrual status, interest accruals cease and uncollected accrued interest is reversed and charged against current income. Payments received on nonaccrual loans are generally applied against principal. A loan may be restored to an accruing basis when all past due amounts have been collected. Loans past due 90 days or more which are both well-secured and in the process of collection may remain on an accrual basis.

Nonperforming assets include nonaccrual loans and other real estate owned. Nonaccrual loans represent loans on which interest accruals have been suspended. In general, it is the policy of management to consider the charge-off of uncollectible amounts of loans at the point they become past due 90 days. Performing troubled debt restructured loans represent loans to borrowers experiencing financial difficulties on which a concession was granted, such as a reduction in interest rate below the current market rate for new debt with similar risks or modified repayment terms, and are performing under the restructured terms.

The following table sets forth, as of the dates indicated, the amount of the Company’s nonaccrual loans, other real estate owned (“OREO”), performing troubled debt restructurings (“TDRs”) and loans past due 90 days or greater and still accruing:

September 30, December 31,
      2018       2017
(dollars in thousands)
Nonaccrual loans $ 53,015 $ 65,613
OREO - 538
Total nonperforming assets (1) $ 53,015 $ 66,151
 
Performing TDRs $ 11,243 $ 14,920
Loans 90 days or greater past due and still accruing (non-PCI) $ - $ -
Loans 90 days or greater past due and still accruing (PCI) $      1,648 $      1,664

(1) Nonperforming assets are defined as nonaccrual loans and other real estate owned.

Nonaccrual loans to total loans receivable       1.19 %       1.57 %
Nonperforming assets to total assets 0.99 % 1.29 %
Nonperforming assets, performing TDRs, and loans 90 days or greater past due and still accruing to loans receivable 1.48 % 1.98 %

The decrease in nonaccruals from the year-end 2018 was mainly attributable to a $17.0 million charge-off, related to the taxi medallion loan portfolio (which is included in the Commercial loan segment).

Investment Securities

As of September 30, 2018, the principal components of the securities portfolio were federal agency obligations, mortgage-backed securities, obligations of U.S. states and political subdivisions, corporate bonds and notes, asset-backed securities and equity securities. For the quarter ended September 30, 2018, average securities increased $26.5 million to approximately $423.6 million, or 8.7% of average total interest-earning assets, from approximately $397.1 million, or 9.1% of average interest-earning assets, for the comparable period in 2017.

At September 30, 2018, net unrealized losses on securities available-for-sale, which are carried as a component of accumulated other comprehensive income and included in stockholders’ equity, net of tax, amounted to $8.2 million as compared with net unrealized losses of $0.9 million at December 31, 2017. The increase in unrealized losses is predominately attributable to changes in market conditions and interest rates. The gross unrealized losses associated with agency securities and federal agency obligations, mortgage-backed securities, corporate bonds and tax-exempt securities are not considered to be other-than-temporary 55 because their unrealized losses are related to changes in interest rates and do not affect the expected cash flows of the underlying collateral or issuer.

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Interest Rate Sensitivity Analysis

The principal objective of our asset and liability management function is to evaluate the interest-rate risk included in certain balance sheet accounts; determine the level of risk appropriate given our business focus, operating environment, and capital and liquidity requirements; establish prudent asset concentration guidelines; and manage the risk consistent with Board approved guidelines. We seek to reduce the vulnerability of our operations to changes in interest rates, and actions in this regard are taken under the guidance of the Bank’s Asset Liability Committee (the “ALCO”). The ALCO generally reviews our liquidity, cash flow needs, maturities of investments, deposits and borrowings, and current market conditions and interest rates.

We currently utilize net interest income simulation and economic value of equity (“EVE”) models to measure the potential impact to the Bank of future changes in interest rates. As of September 30, 2018 and December 31, 2017, the results of the models were within guidelines prescribed by our Board of Directors. If model results were to fall outside prescribed ranges, action, including additional monitoring and reporting to the Board, would be required by the ALCO and the Bank’s management.

The net interest income simulation model attempts to measure the change in net interest income over the next one-year period, and over the next three-year period on a cumulative basis, assuming certain changes in the general level of interest rates.

Based on our model, which was run as of September 30, 2018, we estimated that over the next one-year period a 200 basis-point instantaneous increase in the general level of interest rates would increase our net interest income by 1.28%, while a 100 basis-point instantaneous decrease in interest rates would decrease net interest income by 1.44%. As of December 31, 2017, we estimated that over the next one-year period, a 200 basis-point instantaneous increase in the general level of interest rates would increase our net interest income by 1.31%, while a 100 basis-point instantaneous decrease in interest rates would decrease net interest income by 1.40%.

Based on our model, which was run as of September 30, 2018, we estimated that over the next three years, on a cumulative basis, a 200 basis-point instantaneous increase in the general level of interest rates would increase our net interest income by 1.85%, while a 100 basis-point instantaneous decrease in interest rates would decrease net interest income by 2.17%. As of December 31, 2017, we estimated that over the next three years, on a cumulative basis, a 200 basis-point instantaneous increase in the general level of interest rates would increase our net interest income by 2.16%, while a 100 basis-point instantaneous decrease in interest rates would decrease net interest income by 2.41%

An EVE analysis is also used to dynamically model the present value of asset and liability cash flows with instantaneous rate shocks of up 200 basis points and down 100 basis points. The economic value of equity is likely to be different as interest rates change. Our EVE as of September 30, 2018, would decline by 13.09% with an instantaneous rate shock of up 200 basis points, and increase by 3.49% with an instantaneous rate shock of down 100 basis points. Our EVE as of December 31, 2017, would decline by 12.83% with an instantaneous rate shock of up 200 basis points, and increase by 4.02% with an instantaneous rate shock of down 100 basis points.

The following table illustrates the most recent results for EVE and one year NII sensitivity as of September 30, 2018.

           Estimated Change in           
Interest Rates Estimated EVE Interest Rates Estimated Estimated Change in NII
(basis points)      EVE      Amount      %     (basis points)      NII      Amount      %
+300 $      474,448 $      (117,523 )      (19.85 ) +300 $      169,179 $          2,826 1.70
+200 514,454 (77,517 ) (13.09 ) +200 168,482 2,129 1.28
+100 555,834 (36,137 ) (6.10 ) +100 167,731 1,378 0.83
0 591,971 - 0.0 0 166,353 - 0.0
-100 612,632 20,661 3.49 -100 163,951 (2,402 )      (1.44 )

Estimates of Fair Value

The estimation of fair value is significant to a number of the Company’s assets, including loans held-for-sale and securities available-for-sale. These are all recorded at either fair value or the lower of cost or fair value. Fair values are volatile and may be influenced by a number of factors. Circumstances that could cause estimates of the fair value of certain assets and liabilities to change include a change in prepayment speeds, discount rates, or market interest rates. Fair values for most available-for-sale securities are based on quoted market prices. If quoted market prices are not available, fair values are based on judgments regarding future expected loss experience, current economic condition risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature, involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

56


Impact of Inflation and Changing Prices

The consolidated financial statements and notes thereto presented elsewhere herein have been prepared in accordance with GAAP, which require the measurement of financial position and operating results in terms of historical dollars without considering the change in the relative purchasing power of money over time due to inflation. The impact of inflation is reflected in the increased cost of operations; unlike most industrial companies, nearly all of the Company’s assets and liabilities are monetary. As a result, interest rates have a greater impact on performance than do the effects of general levels of inflation. Interest rates do not necessarily move in the same direction or to the same extent as the prices of goods and services.

Liquidity

Liquidity is a measure of a bank’s ability to fund loans, withdrawals or maturities of deposits, and other cash outflows in a cost-effective manner. Our principal sources of funds are deposits, scheduled amortization and prepayments of loan principal, maturities of investment securities, and funds provided by operations. While scheduled loan payments and maturing investments are relatively predictable sources of funds, deposit flow and loan prepayments are greatly influenced by general interest rates, economic conditions and competition.

At September 30, 2018, the amount of liquid assets remained at a level management deemed adequate to ensure that, on a short and long-term basis, contractual liabilities, depositors’ withdrawal requirements, and other operational and client credit needs could be satisfied. As of September 30, 2018, liquid assets (cash and due from banks, interest-bearing deposits with banks and unencumbered investment securities) were $419.4 million, which represented 7.8% of total assets and 9.1% of total deposits and borrowings, compared to $423.4 million as of December 31, 2017, which represented 8.3% of total assets and 9.5% of total deposits and borrowings.

The Bank is a member of the Federal Home Loan Bank of New York and, based on available qualified collateral as of September 30, 2018, had the ability to borrow $1.7 billion. In addition, at September 30, 2018, the Bank had in place borrowing capacity of $25 million through correspondent banks. The Bank also has a credit facility established with the Federal Reserve Bank of New York for direct discount window borrowings with capacity based on pledged collateral of $8.0 million. At September 30, 2018, the Bank had aggregate available and unused credit of approximately $1.0 billion, which represents the aforementioned facilities totaling $1.7 billion net of $740 million in outstanding borrowings and letters of credit. At September 30, 2018, outstanding commitments for the Bank to extend credit were approximately $823 million.

Cash and cash equivalents totaled $155.8 million at September 30, 2018, increasing by $6.3 million from $149.6 million at December 31, 2017. Operating activities provided $67.3 million in net cash. Investing activities used $281.6 million in net cash, primarily reflecting an increase in loans and net cash flow from the securities portfolio. Financing activities provided $220.5 million in net cash, primarily reflecting a net increase of $193.7 million in deposits, increase of subordinated notes of $73.5 million and net decrease in FHLB advances of $40.0 million.

Deposits

Total deposits increased by $194 million, or 5.1%, to $4.0 billion at September 30, 2018 from December 31, 2017. The increase was attributable to increases in interest-bearing demand and time deposits, offset by decreases in noninterest-bearing demand, money market deposits, and savings. The following table sets forth the composition of our deposit base by the periods indicated.

Amount
Increase/
September 30, 2018 December 31, 2017 (Decrease)
      Amount       %       Amount       %       2018 vs. 2017
(dollars in thousands)
Demand, noninterest-bearing $ 758,213 19.0 % $ 776,843 20.5 % $ (18,630 )
Demand, interest-bearing 795,962 20.0 636,339 16.8 159,623
Money market 949,103 23.8 1,033,525 27.2 (84,422 )
Savings 162,740 4.1 168,452 4.4 (5,712 )
Time 1,322,747 33.1 1,179,969 31.1 142,778
Total deposits $      3,988,765      100.0 % $      3,795,128      100.0 % $       193,637

57


Subordinated Debentures

During December 2003, Center Bancorp Statutory Trust II, a statutory business trust and wholly-owned subsidiary of the Parent Corporation issued $5.0 million of MMCapS capital securities to investors due on January 23, 2034. The trust loaned the proceeds of this offering to the Company and received in exchange $5.2 million of the Parent Corporation’s subordinated debentures. The subordinated debentures are redeemable in whole or part prior to maturity. The floating interest rate on the subordinated debentures is three month LIBOR plus 2.85% and re-prices quarterly. The rate at September 30, 2018 was 5.19%.

During June 2015, the Parent Corporation issued $50 million in aggregate principal amount of fixed-to-floating rate subordinated notes (the “Notes”) to certain institutional accredited investors. The net proceeds from the sale of the Notes were used by the Parent Corporation to contribute $35.0 million of common equity to the Bank and to repay $11.25 million of SBLF preferred stock issued to the U.S. Treasury on March 11, 2016. Remaining funds were used for general corporate purposes. The Notes are non-callable for five years, have a stated maturity of July 1, 2025, and bear interest at a fixed rate of 5.75% per year, from and including June 30, 2015 to, but excluding July 1, 2020. From and including July 1, 2020 to the maturity date or early redemption date, the interest rate will reset quarterly to a level equal to the then current three month LIBOR rate plus 393 basis points.

During January 2018, the Parent Corporation issued $75 million in aggregate principal amount of fixed-to-floating rate subordinated notes (the “2018 Notes”) to certain accredited investors. The net proceeds from the sale of the 2018 Notes were used for general corporate purposes, which included the Parent Corporation contributing $65 million of the net proceeds to the Bank in the form of debt and common equity in the first quarter of 2018. The 2018 Notes are non-callable for five years, have a stated maturity of February 1, 2028 and bear interest at a fixed rate of 5.20% per year, from and including January 17, 2018 to, but excluding February 1, 2023. From and including February 1, 2023 to, but excluding the maturity date, or early redemption date, the interest rate will reset quarterly to a level equal to the then current three-month LIBOR rate plus 284 basis points.

Stockholders’ Equity

The Company’s stockholders’ equity was $595 million at September 30, 2018, an increase of $29 million from December 31, 2017. The increase in stockholders’ equity was primarily attributable to increases in retained earnings of $35 million, partially offset by increases in accumulated other comprehensive losses of $7 million. As of September 30, 2018, the Company’s tangible common equity ratio and tangible book value per share were 8.56% and $13.87, respectively. Tangible book value per share increased $0.49, or 3.7%, from the sequential quarter. As of December 31, 2017, the tangible common equity ratio and tangible book value per share were 8.41% and $13.01, respectively. Total goodwill and other intangible assets were approximately $148 million as of September 30, 2018 and December 31, 2017.

      September 30,       December 31,
2018 2017
(dollars in thousands, except for share and per share data)
Stockholders’ equity $ 594,871 $ 565,437
 
Less: Goodwill and other intangible assets 147,791 148,273
Tangible common stockholders’ equity $ 447,080 $ 417,164
 
Common stock outstanding at period end 32,239,928 32,071,860
 
Book value per common share $ 18.45 $ 17.63
Less: Goodwill and other intangible assets 4.58 4.62
Tangible book value per common share $     13.87 $     13.01

58


Regulatory Capital and Capital Adequacy

The maintenance of a solid capital foundation is a primary goal for the Company. Accordingly, capital plans and dividend policies are monitored on an ongoing basis. The Company’s objective with respect to the capital planning process is to effectively balance the retention of capital to support future growth with the goal of providing stockholders with an attractive long-term return on their investment.

The Company and the Bank are subject to regulatory guidelines establishing minimum capital standards that involve quantitative measures of assets, and certain off-balance sheet items, as risk-adjusted assets under regulatory accounting practices.

The following is a summary of regulatory capital amounts and ratios as of September 30, 2018 for the Company and the Bank, compared with minimum capital adequacy requirements and the regulatory requirements for classification as a well-capitalized depository institution.

                              To Be Well-Capitalized Under
For Capital Adequacy Prompt Corrective Action
ConnectOne Bancorp, Inc. Purposes Provisions
At September 30, 2018 Amount Ratio Amount Ratio Amount       Ratio
(dollars in thousands)
Tier 1 leverage capital $ 461,570        9.15 % $ 201,813 4.00 % N/A N/A
CET I risk-based ratio 456,415 9.50 216,108 4.50 N/A N/A
Tier 1 risk-based capital 461,570 9.61 288,144 6.00 N/A N/A
Total risk-based capital 621,319 12.94 384,192 8.00 N/A N/A
 
  To Be Well-Capitalized Under
For Capital Adequacy Prompt Corrective Action
ConnectOne Bank Purposes Provisions
At September 30, 2018 Amount Ratio Amount Ratio Amount Ratio
(dollars in thousands)
Tier 1 leverage capital $     536,863 10.64 % $     201,789 4.00 % $     252,236              5.00 %
CET I risk-based ratio 536,863 11.18 216,113 4.50 312,163 6.50
Tier 1 risk-based capital 536,863 11.18 288,150 6.00 384,200 8.00
Total risk-based capital 603,862 12.57 384,200 8.00 480,251 10.00
                                     

N/A - not applicable

                                   

As of September 30, 2018, management believes that each of the Bank and the Company meet all capital adequacy requirements to which they are subject. Basel III rules require a “capital conservation buffer” for both the Company and the Bank. When fully phased in on January 1, 2019, each of the Company and the Bank will be required to maintain a 2.5% capital conservation buffer, above and beyond the capital levels otherwise required under applicable regulation. The implementation of this capital conservation buffer began on January 1, 2016 at a level of 0.625%, and will increase by 0.625% on each subsequent January 1 until it reaches 2.5% on January 1, 2019. Under this guidance banking institutions with a CET1, Tier 1 Capital Ratio and Total Risk Based Capital Ratio above the minimum regulatory adequate capital ratios but below the capital conservation buffer will face constraints on their ability to pay dividends, repurchase equity and pay discretionary bonuses to executive officers, based on the amount of the shortfall.

As of September 30, 2018 both the Company and Bank satisfy the capital conservation buffer requirements applicable to them. The lowest ratio at the Company is the Tier 1 Risk Based Ratio which was 1.74% above the minimum buffer ratio and, at the Bank, the lowest ratio was the Total Risk Based Capital Ratio which was 2.70% above the minimum buffer ratio.

59


Item 3. Qualitative and Quantitative Disclosures about Market Risks

Market Risk

Interest rate risk management is our primary market risk. See "Item 2- Management's Discussion and Analysis of Financial Condition and Results of Operation- Interest Rate Sensitivity Analysis" herein for a discussion of our management of our interest rate risk.

60


Item 4. Controls and Procedures

a) Disclosure controls and procedures. As of the end of the Company’s most recently completed fiscal quarter covered by this report, the Company carried out an evaluation, with the participation of the Company’s management, including the Company’s chief executive officer and chief financial officer, of the effectiveness of the Company’s disclosure controls and procedures pursuant to Securities Exchange Act Rule 13a-15. Based upon that evaluation, the Company’s chief executive officer and chief financial officer concluded that the Company’s disclosure controls and procedures are effective in ensuring that information required to be disclosed by the Company in the reports that it files or submits under the Securities Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms and are operating in an effective manner and that such information is accumulated and communicated to management, including the Company’s chief executive officer and chief financial officer, as appropriate to allow timely decisions regarding required disclosure.

b) Changes in internal controls over financial reporting. There have been no changes in the Company’s internal controls over financial reporting that occurred during the Company’s last fiscal quarter to which this report relates that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

61


PART II - OTHER INFORMATION

Item 1. Legal Proceedings

Other than as set forth below, the Company is not subject to any legal proceedings, which could have a materially adverse impact on its results of operations and financial condition.

Two complaints have been filed in the Supreme Court of the State of New York in connection with our previously announced merger with Greater Hudson Bank. Each seeks class action status and asserts that Greater Hudson Bank and the members of its Board violated their duties to Greater Hudson Bank shareholders in connection with the proposed merger. One of these complaints also alleges that ConnectOne Bancorp, Inc. has aided and abetted the individual defendants in their alleged breaches of fiduciary duties.

The asserted factual bases for the allegations of breach of duty include, generally that Greater Hudson Bank and its Board failed in its duty to disclose all material facts in this proxy statement in order to allow Greater Hudson's shareholders to make an informed decision as to whether to vote in favor of the merger agreement, including failure to adequately disclose: (i) alleged conflicts of interest of the special committee of Greater Hudson's Board with respect to the transaction; (ii) the purported sale process Board engaged; and (iii) the details of the analyses underlying the opinion prepared by the Greater Hudson's financial advisor that the consideration is fair to Greater Hudson shareholders.

Both we and Greater Hudson Bank are evaluating the complaints, and we intend to vigorously defend the allegations contained in the complaints.

Item 1a. Risk Factors

There have been no changes to the risks inherent in our business from those described under Item 1A – Risk Factors of our Annual Report on Form 10-K as supplemented by our form 10-Q for the quarter ended June 30, 2018.

62


Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Not applicable

Item 3. Defaults Upon Senior Securities

Not applicable

Item 4. Mine Safety Disclosures

Not applicable

Item 5 Other Information

Not applicable

63


Item 6. Exhibits

Exhibit No.       Description
2.1 Agreement and Plan of Merger, dated as of July 11, 2018, by and between ConnectOne Bancorp, Inc., ConnectOne Bank and Greater Hudson Bank*
     
10.1 Form of Voting Agreement executed by all directors and executive officers of Greater Hudson Bank.*
     
10.2 Voting and Sell Down Agreement with Kenneth J. Torsoe*
     
10.3 Registration Rights Agreement with Kenneth J. Torsoe*
     
31.1 Certification of the Chief Executive Officer of the Parent Corporation Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
     
31.2 Certification of the Chief Financial Officer of the Parent Corporation Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
     
32.1 Certification of the Chief Executive Officer of the Parent Corporation Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
     
32.2 Certification of the Chief Financial Officer of the Parent Corporation Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
     
101.INS XBRL Instance Document
101.SCH XBRL Taxonomy Extension Schema Document
101.CAL XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF Definition Taxonomy Extension Linkbase Document
101.LAB XBRL Taxonomy Extension Label Linkbase Document
101.PRE XBRL Taxonomy Extension Presentation Linkbase Document

* Incorporated by reference to exhibits 10.1, 10.2 and 10.3 to the Registrant’s Current Report on Form 8-k filed on July 12, 2018.

64


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf, by the undersigned, thereunto duly authorized.

CONNECTONE BANCORP, INC.
(Registrant)

By:

     

/s/ Frank Sorrentino III       By:       /s/ William S. Burns
Frank Sorrentino III William S. Burns
Chairman and Chief Executive Officer Executive Vice President and Chief Financial Officer
 
Date: November 2, 2018 Date: November 2, 2018

65


EX-31.1 2 connect3491721-ex311.htm CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER

EXHIBIT 31.1

CERTIFICATION

I, Frank Sorrentino III, certify that:

1. I have reviewed this quarterly report on Form 10-Q of ConnectOne Bancorp, Inc.;

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;

4. The Registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

5. The Registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting.

Date: November 2, 2018 /s/ Frank Sorrentino III
Frank Sorrentino III
Chairman and Chief Executive Officer


EX-31.2 3 connect3491721-ex312.htm CERTIFICATION OF THE CHIEF FINANCIAL OFFICER

EXHIBIT 31.2

CERTIFICATION

I, William S. Burns, certify that:

1. I have reviewed this quarterly report on Form 10-Q of ConnectOne Bancorp, Inc.;

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;

4. The Registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

5. The Registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting.

Date: November 2, 2018 /s/ William S. Burns
William S. Burns
Executive Vice President and Chief Financial Officer


EX-32.1 4 connect3491721-ex321.htm CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER

EXHIBIT 32.1

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with this Quarterly Report of ConnectOne Bancorp, Inc. (the “Company”) on Form 10-Q for the quarter ended September 30, 2018 filed with the Securities and Exchange Commission (the “Report”), I, Frank Sorrentino III, Chairman and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

1. The Report fully complies with the requirements of Section 13 (a) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the consolidated financial condition of the Company as of the dates presented and the consolidated results of operations of the Company for the periods presented.

Date: November 2, 2018 /s/ Frank Sorrentino III
Frank Sorrentino III
Chairman and Chief Executive Officer


EX-32.2 5 connect3491721-ex322.htm CERTIFICATION OF THE CHIEF FINANCIAL OFFICER

EXHIBIT 32.2

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with this Quarterly Report of ConnectOne Bancorp, Inc. (the “Company”) on Form 10-Q for the quarter ended September 30, 2018 filed with the Securities and Exchange Commission (the “Report”), I, William S. Burns, Executive Vice President and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

1. The Report fully complies with the requirements of Section 13 (a) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the consolidated financial condition of the Company as of the dates presented and the consolidated results of operations of the Company for the periods presented.

Date: November 2, 2018 /s/ William S. Burns
William S. Burns
Executive Vice President and Chief Financial Officer


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Nature of Operations and Principles of Consolidation</b></font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">ConnectOne Bancorp, Inc. (the &#8220;Parent Corporation&#8221;) is incorporated under the laws of the State of New Jersey and is a registered bank holding company. The Parent Corporation&#8217;s business currently consists of the operation of its wholly-owned subsidiary, ConnectOne Bank (the &#8220;Bank&#8221; and, collectively with the Parent Corporation and the Parent Corporation&#8217;s subsidiaries, the &#8220;Company&#8221;). The Bank&#8217;s subsidiaries include Union Investment Co. (a New Jersey investment company), Twin Bridge Investment Co. (a Delaware investment company), ConnectOne Preferred Funding Corp. (a New Jersey real estate investment trust), Center Financial Group, LLC (a New Jersey financial services company), Center Advertising, Inc. (a New Jersey advertising company), Morris Property Company, LLC, (a New Jersey limited liability company), Volosin Holdings, LLC, (a New Jersey limited liability company), and NJCB Spec-1, LLC (a New Jersey limited liability company).</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The Bank is a community-based, full-service New Jersey-chartered commercial bank that was founded in 2005. The Bank operates from its headquarters located at 301 Sylvan Avenue in the Borough of Englewood Cliffs, Bergen County, New Jersey and through its twenty-one other banking offices. Substantially all loans are secured with various types of collateral, including business assets, consumer assets and commercial/residential real estate. Each borrower&#8217;s ability to repay its loans is dependent on the conversion of assets, cash flows generated from the borrower&#8217;s business, real estate rental and consumer wages.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The preceding unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (&#8220;GAAP&#8221;) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X, and, accordingly, do not include all of the information and footnotes required by GAAP for complete financial statements. However, in the opinion of management, all adjustments considered necessary for a fair presentation have been included. Operating results for the three and nine months ended September 30, 2018 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2018, or for any other interim period. The Company&#8217;s 2017 Annual Report on Form 10-K should be read in conjunction with these consolidated financial statements.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">In preparing the consolidated financial statements, management has made estimates and assumptions that affect the reported amounts of assets and liabilities as of the dates of the consolidated statements of condition and that affect the results of operations for the periods presented. Actual results could differ significantly from those estimates.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The consolidated financial statements have been prepared in conformity with GAAP. Some items in the prior year consolidated financial statements were reclassified to conform to current presentation. 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width: 2%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr></table><br /> <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="width: 83%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="8" style="border-bottom: #000000 1pt solid; width: 16%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Nine Months Ended September 30, 2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 83%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Amount of gain</font></td> <td style="width: 1%; 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width: 5%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(Ineffective Portion)</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 83%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="8" style="width: 16%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 83%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Interest rate contracts</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">45</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 4%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">-</font></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 3%; white-space: nowrap; text-align: right"><b><font style="font: x-small Times New Roman">-</font></b></td></tr></table></div> 325000 157000 10000000 <div><p style="text-align: left"><font style="font: x-small Times New Roman"><b>Note 3. Earnings per Common Share</b></font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Financial Accounting Standards Board Accounting Standards Codification (&#8220;FASB ASC&#8221;) No. 260-10-45 addresses whether instruments granted in share-based payment transactions are participating securities prior to vesting and, therefore, need to be included in the earnings allocation in computing earnings per share (&#8220;EPS&#8221;). The restricted stock awards previously granted by the Company contain non-forfeitable rights to dividends and therefore are considered participating securities. 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border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="7" style="width: 9%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Nine Months Ended</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="7" style="width: 9%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">September 30,</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="7" style="width: 9%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">September 30,</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="15" style="width: 19%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font><font style="font: x-small Times New Roman">(in thousands, except for per share data)</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160;&#160; </td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2018</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160; </td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2017</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160; </td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2018</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160; </td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2017</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Income attributable to common stock</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">19,860</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">13,035</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">41,582</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">32,534</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Earnings allocated to participating securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">42</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">42</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">98</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">106</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">Net income</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">19,902</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">13,077</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">41,680</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">32,640</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; text-align: left; padding-left: 15pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Weighted average common shares outstanding, including participating securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">32,167</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">32,015</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">32,127</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">31,999</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Weighted average participating securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">(25</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">(103</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">(34</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">(104</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">Weighted average common shares outstanding</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">32,142</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">31,912</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">32,093</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">31,895</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; text-align: left; padding-left: 30pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Incremental shares from assumed conversions of options, performance units and restricted shares</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">177</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">270</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">220</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">272</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; text-align: left; padding-left: 30pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Weighted average common and equivalent shares outstanding</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">32,319</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">32,182</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">32,313</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">32,167</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td></tr> <tr> <td colspan="17" style="width: 100%">&#160;&#160;&#160;</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Earnings per common share:</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">Basic</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">0.62</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">0.41</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1.30</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1.02</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">Diluted</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">0.61</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">0.41</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1.29</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1.01</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr></table><br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">There were no antidilutive share equivalents as of September 30, 2018 and September 30, 2017.</font></p></div> <div><p style="text-align: left"><font style="font: x-small Times New Roman"><b>Note 5. Derivatives</b></font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The Company utilizes interest rate swap agreements as part of its asset liability management strategy to help manage its interest rate risk position. The notional amount of the interest rate swap does not represent amounts exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual interest rate swap agreements.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Interest rate swaps were entered into on April 13, 2017, August 24, 2015, December 30, 2014 and October 15, 2014, each with a respective notional amount of $25 million and were designated as cash flow hedges of a Federal Home Loan Bank (&#8220;FHLB&#8221;) advance. The swaps were determined to be fully effective during the period presented and therefore no amount of ineffectiveness has been included in net income while the aggregate fair value of the swaps is recorded in other assets (liabilities) with changes in fair value recorded in other comprehensive income (loss). The amount included in accumulated other comprehensive income (loss) would be reclassified to current earnings should the hedges no longer be considered effective. The Company expects the hedges to remain fully effective during the remaining term of the swaps.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Summary information about the interest rate swaps designated as cash flow hedges as of September 30, 2018, December 31, 2017 and September 30, 2017 are presented in the following table.</font></p> <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="3" style="border-top: #000000 1pt solid; width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td> <td style="border-top: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="border-top: #000000 1pt solid; width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">December 31,</font></td> <td style="border-top: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="border-top: #000000 1pt solid; width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="border-bottom: #000000 1pt solid; width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2018</font></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="border-bottom: #000000 1pt solid; width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2017</font></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="border-bottom: #000000 1pt solid; width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="11" style="width: 14%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Notional amount</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="background-color: #c0c0c0; 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width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">100,000</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Weighted average pay rates</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1.68</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td> <td style="width: 1%; 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width: 4%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">-</font></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 3%; white-space: nowrap; text-align: right"><b><font style="font: x-small Times New Roman">-</font></b></td></tr></table> <br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following table reflects the cash flow hedges included in the consolidated statements of condition as of September 30, 2018 and December 31, 2017:</font></p> <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="width: 84%; 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white-space: nowrap; text-align: left"></td> <td colspan="6" style="width: 14%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 33%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 33%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="7" style="width: 15%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Three Months Ended</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="7" style="width: 15%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Nine Months Ended</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 33%; 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width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,596</font></td> <td style="background-color: #c0c0c0; 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white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(309</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td rowspan="3" style="vertical-align: top; width: 33%; text-align: left"><font style="font: x-small Times New Roman">Other components of net periodic pension expense Income tax expense</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(26</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">42</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; 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text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 33%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 33%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Total reclassification</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; 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</font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">834</font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 33%; white-space: nowrap; text-align: left"></td></tr></table> <br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Accumulated other comprehensive loss at September 30, 2018 and December 31, 2017 consisted of the following:</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 80%"> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="3" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">December 31,</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2018</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; 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width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 47%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Interest cost</font></td> <td style="border-style: none; border-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">106</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">119</font></td> <td style="white-space: nowrap; 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white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="5" style="width: 7%; white-space: nowrap; text-align: center"><b><font style="font: x-small Times New Roman">(dollars in thousands)</font></b></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 92%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Other components of net periodic pension expense</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">As previously reported</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">As reported under the new guidance</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">62</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">189</font></td></tr> <tr> <td colspan="7" style="background-color: #c0c0c0; width: 100%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Salaries and employee benefits</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">As previously reported</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">8,872</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">25,710</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">As reported under the new guidance</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">8,810</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">25,521</font></td></tr></table><br /> <p style="text-align: left"><font style="font: x-small Times New Roman"><b><i>Contributions</i></b></font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The Company made a $2.0 million contribution to the Pension Trust during the three months ended March 31, 2018. The Company does not plan on contributing amounts to the Pension Trust for the remainder of 2018. The trust is established to provide retirement and other benefits for eligible employees and their beneficiaries. No part of the trust assets may be applied to any purpose other than providing benefits under the plan and for defraying expenses of administering the plan and the trust.</font></p></div> <div><p style="text-align: left"><font style="font: x-small Times New Roman"><b>Note 11. FHLB Borrowings</b></font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The Company&#8217;s FHLB borrowings and weighted average interest rates are summarized below:</font></p> <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="width: 84%; white-space: nowrap; text-align: center"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="5" style="border-bottom: #000000 1pt solid; width: 7%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30, 2018</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="5" style="border-bottom: #000000 1pt solid; width: 7%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">December 31, 2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 84%; white-space: nowrap; text-align: center"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Amount</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Rate</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Amount</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Rate</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 84%; white-space: nowrap; text-align: center"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"><b><font style="font: x-small Times New Roman"></font></b></td> <td colspan="11" style="width: 15%; white-space: nowrap; text-align: center"><b><font style="font: x-small Times New Roman">(dollars in thousands)</font></b></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 84%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Total FHLB borrowings</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">629,979</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#160;&#160;&#160;&#160;&#160;2.32</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">670,077</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160;&#160;</td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#160;&#160;&#160;&#160;&#160;1.76</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 84%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">&#160;</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 84%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">By remaining period to maturity:</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 84%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Less than 1 year</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">459,979</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2.24</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">505,077</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1.59</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 84%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">1 year through less than 2 years</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">25,000</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1.85</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">35,000</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1.60</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 84%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">2 years through less than 3 years</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">95,000</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2.76</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">85,000</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2.65</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 84%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">3 years through less than 4 years</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">25,000</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2.13</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">45,000</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2.15</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 84%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">4 years through 5 years</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">25,000</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2.92</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 84%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Total FHLB borrowings</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; 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Items outside of ASC 606 are noted as such.</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 80%"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left">&#160;</td> <td style="border-style: none; border-width: medium; white-space: nowrap; text-align: left">&#160;</td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Three Months</font></td> <td style="border-style: none; border-width: medium; white-space: nowrap; text-align: center">&#160;</td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Three Months</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; 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width: 92%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Noninterest income</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Service charges on deposits</font></td> <td style="border-style: none; 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width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">153</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Net gains on sales of loans <sup>(a)</sup></font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">50</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; 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white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 92%; white-space: nowrap; text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">Overdraft fees</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">590</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">587</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #ffffff; width: 92%; white-space: nowrap; text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">Other</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">482</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">552</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Interchange income</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">465</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">499</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #ffffff; width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Net gains on sales of loans <sup>(a)</sup></font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">31</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">120</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Wire transfer fees <sup>(a)</sup></font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">222</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">184</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #ffffff; width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Loan servicing fees <sup>(a)</sup></font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">64</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">97</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Bank owned life insurance <sup>(a)</sup></font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,300</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,402</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #ffffff; width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Net gains on sales of securities <sup>(a)</sup></font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,596</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Annuities and insurance commissions <sup>(a)</sup></font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">39</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #ffffff; width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Other</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">70</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">104</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 92%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Total noninterest income</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">4,224</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">6,180</font></td></tr></table></div> <br /> <table cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse; font-size: 7pt; width: 100%"> <tr> <td style="width: 1%; white-space: nowrap; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"><sup>(a)</sup></font></td> <td style="text-align: left; width: 99%; padding-left: 15pt; vertical-align: bottom"> <p><font style="font: x-small Times New Roman">Not within scope of ASC 606</font></p></td></tr> <tr> <td style="width: 1%; white-space: nowrap; text-align: left; vertical-align: top"><font style="font: x-small Times New Roman"><sup>(b)</sup></font></td> <td style="text-align: left; width: 99%; padding-left: 15pt; vertical-align: bottom"> <p><font style="font: x-small Times New Roman">The Company elected the modified respective approach of adoption; therefore, prior period balances are presented under legacy GAAP and may not be comparable to current year presentation.</font></p></td></tr></table><br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">A description of the Company&#8217;s revenue streams accounted for under ASC 606 is as follows:</font></p> <p style="text-align: left; text-indent: 15pt"><u><font style="font: x-small Times New Roman">Service Charges on Deposit Accounts</font></u><font style="font: x-small Times New Roman">: The Company earns fees from deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees, which include services such as ATM use fees, stop payment charges, statement rendering, and ACH fees, are recognized at the time the transaction is executed at the point in the time the Company fulfills the customer&#8217;s request. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer&#8217;s account balance.</font></p> <p style="text-align: left; text-indent: 15pt"><u><font style="font: x-small Times New Roman">Interchange Income</font></u><font style="font: x-small Times New Roman">: The Company earns interchange fees from debit and credit card holder transactions conducted through various payment networks. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided by the cardholder.</font></p> <p style="text-align: left; text-indent: 15pt"><u><font style="font: x-small Times New Roman">Gains/Losses on Sales of OREO</font></u><font style="font: x-small Times New Roman">: The Company records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When the Company finances the sale of OREO to the buyer, the Company assesses whether the buyer is committed to perform their obligations under the contract and whether the collectability of the transaction prices is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on the sale, the Company adjusts the transaction price and related gain (loss) on sale if a significant financing component is present.</font></p></div> <div><p style="text-align: left"><font style="font: x-small Times New Roman"><b>Note 13. Subordinated Debentures</b></font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">During 2003, the Company formed a statutory business trust, which exists for the exclusive purpose of (i) issuing Trust Securities representing undivided beneficial interests in the assets of the Trust; (ii) investing the gross proceeds of the Trust securities in junior subordinated deferrable interest debentures (subordinated debentures) of the Company; and (iii) engaging in only those activities necessary or incidental thereto. On December 19, 2003, Center Bancorp Statutory Trust II, a statutory business trust and wholly-owned subsidiary of the Parent Corporation issued $5.0 million of MMCapS capital securities to investors due on January 23, 2034. The capital securities presently qualify as Tier I capital. The trust loaned the proceeds of this offering to the Company and received in exchange $5.2 million of the Parent Corporation&#8217;s subordinated debentures. The subordinated debentures are redeemable in whole or in part prior to maturity. The floating interest rate on the subordinate debentures is three month LIBOR plus 2.85% and reprices quarterly. The rate at September 30, 2018 was 5.19%. These subordinated debentures and the related income effects are not eliminated in the consolidated financial statements as the statutory business trust is not consolidated in accordance with FASB ASC 810-10. Distributions on the subordinated debentures owned by the subsidiary trust have been classified as interest expense in the Consolidated Statements of Income.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following table summarizes the mandatory redeemable trust preferred securities of the Company&#8217;s Statutory Trust II at September 30, 2018 and December 31, 2017.</font></p> <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="width: 16%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 15%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Securities</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 16%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 16%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 16%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 16%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Redeemable by</font></td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: #000000 1pt solid; width: 16%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Issuance Date</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="border-bottom: #000000 1pt solid; 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text-align: center"><font style="font: x-small Times New Roman">Maturity</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 1pt solid; width: 16%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Issuer Beginning</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 16%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">12/19/2003</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 14%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5,000,000</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="background-color: #c0c0c0; width: 16%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">$1,000 per Capital</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td style="background-color: #c0c0c0; width: 16%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Floating 3-month</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td style="background-color: #c0c0c0; width: 16%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">01/23/2034</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td style="background-color: #c0c0c0; width: 16%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">01/23/2009</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 16%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 14%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 16%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Security</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 16%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">LIBOR + 285 Basis</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 16%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 16%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 16%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 14%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 16%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 16%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Points</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 16%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 16%; white-space: nowrap; text-align: left"></td></tr></table> <br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">During June 2015, the Parent Corporation issued $50 million in aggregate principal amount of fixed-to-floating rate subordinated notes (the &#8220;Notes&#8221;). The Notes are non-callable for five years, have a stated maturity of July 1, 2025, and bear interest at a fixed rate of 5.75% per year, from and including June 30, 2015 to, but excluding July 1, 2020. From and including July 1, 2020 to the maturity date or early redemption date, the interest rate will reset quarterly to a level equal to the then current three month LIBOR rate plus 393 basis points. As of September 30, 2018, unamortized costs related to this debt issuance were approximately $317,000.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">On January 11, 2018, the Parent Corporation issued $75 million in aggregate principal amount of fixed-to-floating rate subordinated notes (the &#8220;Notes&#8221;). The Notes bear interest at 5.20% annually from, and including, the date of initial issuance to, but excluding, February 1, 2023, payable semi-annually in arrears. From and including February 1, 2023 through maturity or earlier redemption, the interest rate shall reset quarterly to an interest rate per annum equal to the then current three-month LIBOR rate plus 284 basis points (2.84%) payable quarterly in arrears. If three-month LIBOR is not available for any reason, then the rate for that interest period will be determined by such alternate method as provided in the Supplemental Indenture. Interest on the Notes will be paid on February 1, and August 1, commencing August 1, 2018 to but not including February 1, 2023, and from and including February 1, 2023, on February 1, May 1, August 1, and November 1, of each year to but excluding the stated maturity date, unless in any case previously redeemed. As of September 30, 2018, unamortized costs related to this debt issuance were approximately $1,364,000.</font></p></div> <div><p style="text-align: left"><font style="font: x-small Times New Roman"><b>Note 14. 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The following table presents information about financial instruments that are eligible for offset as of September 30, 2018 and December 31, 2017:</font></p> <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; width: 100%"> <tr style="vertical-align: bottom"> <td style="width: 70%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="8" style="width: 14%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Gross Amounts Not Offset</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 70%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Net Amounts</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 70%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Gross Amounts</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">of Assets</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 70%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Offset in the</font> <font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Presented in the</font>&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Cash or</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 70%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Statement of</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Statement of</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Financial</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Financial</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 70%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Gross Amounts</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Financial</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Financial</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; 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text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 70%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Interest rate swaps</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 70%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">1,906</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double; vertical-align: middle"><font style="font: x-small Times New Roman">- </font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">1,906</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">1,906</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 70%; white-space: nowrap; text-align: left"><b><font style="font: x-small Times New Roman; border-bottom: #000000 1pt solid">December 31, 2017</font></b></td> <td style="width: 1%; white-space: nowrap; text-align: left"><b><u><font style="font: x-small Times New Roman"></font></u></b></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 70%; white-space: nowrap; text-align: left"><b><font style="font: x-small Times New Roman">Assets:</font></b></td> <td style="width: 1%; white-space: nowrap; text-align: left"><b><font style="font: x-small Times New Roman"></font></b></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 70%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Interest rate swaps</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 70%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">798</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double; vertical-align: middle"><font style="font: x-small Times New Roman">- </font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">798</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">798</font></td></tr></table> <br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">As of September 30, 2018 and December 31, 2017, there was no financial collateral pledged to our interest rate swaps. As these swap positions were not within the contractually agreed upon collateral requirement there was no collateral pledged to, or from, the respective counterparties.</font></p></div> <div><p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Earnings per common share have been computed based on the following:</font></p> <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="7" style="width: 9%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Three Months Ended</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="7" style="width: 9%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Nine Months Ended</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="7" style="width: 9%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">September 30,</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="7" style="width: 9%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">September 30,</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="15" style="width: 19%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font><font style="font: x-small Times New Roman">(in thousands, except for per share data)</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160;&#160; </td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2018</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160; </td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2017</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160; </td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2018</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160; </td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2017</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Income attributable to common stock</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">19,860</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">13,035</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">41,582</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">32,534</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Earnings allocated to participating securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">42</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">42</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">98</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">106</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">Net income</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">19,902</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">13,077</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">41,680</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">32,640</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; text-align: left; padding-left: 15pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Weighted average common shares outstanding, including participating securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">32,167</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">32,015</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">32,127</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">31,999</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Weighted average participating securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">(25</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">(103</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">(34</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">(104</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">Weighted average common shares outstanding</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">32,142</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">31,912</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">32,093</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">31,895</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; text-align: left; padding-left: 30pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Incremental shares from assumed conversions of options, performance units and restricted shares</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">177</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">270</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">220</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">272</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; text-align: left; padding-left: 30pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Weighted average common and equivalent shares outstanding</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">32,319</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">32,182</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">32,313</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">32,167</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td></tr> <tr> <td colspan="17" style="width: 100%">&#160;&#160;&#160;</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Earnings per common share:</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">Basic</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">0.62</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">0.41</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1.30</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1.02</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">Diluted</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">0.61</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">0.41</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1.29</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1.01</font></td></tr></table></div> <div><p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following table summarizes the amortized cost and fair value of securities available-for-sale at September 30, 2018 and December 31, 2017 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss).</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 80%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Gross</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="3" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Gross</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Amortized</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Unrealized</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="3" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Unrealized</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Fair</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Cost</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Gains</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="3" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Losses</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Value</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman">September 30, 2018</font></u></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="12" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; 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border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Federal agency obligations</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">48,963</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">14</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(1,443</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">47,534</font></td></tr> <tr style="vertical-align: bottom; 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border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(6,174</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">190,551</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Commercial mortgage pass-through securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,953</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; 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text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">133,564</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">727</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(3,903</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; 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border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">96</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(439</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">25,962</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Asset-backed securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">10,317</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; 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border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">975</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">975</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">Total securities available-for-sale</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; 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border-left-width: medium; white-space: nowrap; text-align: left">&#160;</td> <td colspan="3" style="white-space: nowrap; text-align: center">&#160;</td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;</td> <td style="white-space: nowrap; text-align: left">&#160;</td> <td style="white-space: nowrap; text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Gross</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="3" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Gross</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; 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white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Gains</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="3" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Losses</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Value</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman">December 31, 2017</font></u></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="12" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Securities available-for-sale</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Federal agency obligations</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">56,297</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">141</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(416</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">56,022</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Residential mortgage pass-through securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">183,509</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">330</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(1,948</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">181,891</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Commercial mortgage pass-through securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,054</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(3</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,054</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Obligations of U.S. states and political subdivisions</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">130,723</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,739</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(1,334</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">131,128</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Trust preferred securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,577</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">205</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(111</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,671</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Corporate bonds and notes</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">29,801</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">163</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(271</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">29,693</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Asset-backed securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">12,021</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">66</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(37</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">12,050</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Certificates of deposit</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">621</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">625</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Equity securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11,843</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">235</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(350</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11,728</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Other securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,422</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,422</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">Total securities available-for-sale</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">436,868</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,886</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(4,470</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">435,284</font></td></tr></table></div></div> <div><p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following table presents information for investments in securities available-for-sale at September 30, 2018, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. Securities not due at a single maturity date are shown separately.</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 80%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="5" style="width: 7%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">September 30, 2018</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Amortized</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Fair</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Cost</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Value</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="5" style="width: 7%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 92%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Securities available-for-sale:</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Due in one year or less</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,429</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,425</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Due after one year through five years</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">36,607</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">36,375</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Due after five years through ten years</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">28,135</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">28,290</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Due after ten years</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">150,398</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; 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border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">975</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">Total securities available-for-sale</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">421,147</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">410,039</font></td></tr></table></div></div> <div><p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Gross gains and losses from the sales, calls and maturities of securities for periods presented were as follows:</font></p> <table cellspacing="0" cellpadding="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="width: 83%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="5" style="width: 7%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Three Months Ended</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="6" style="width: 8%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Nine Months Ended</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 83%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="5" style="width: 7%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">September 30,</font></td> <td style="width: 1%; 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white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;</td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman"></font><font style="font: x-small Times New Roman">2017</font></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2018</font></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2017</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 83%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Proceeds</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">29,543</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td></tr> <tr style="background-color: Silver"> <td colspan="14" style="width: 100%">&#160; </td></tr> <tr style="vertical-align: bottom"> <td style="width: 83%; 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white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,596</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 83%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Gross losses on sales of securities</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 83%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Net gains on sales of securities</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; 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white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2018</font></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="border-bottom: #000000 1pt solid; width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="6" style="width: 8%; 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width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Reduction from loans paid off</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(38</font></td> <td style="width: 1%; 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white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">December 31,</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="border-bottom: #000000 1pt solid; width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2018</font></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="border-bottom: #000000 1pt solid; width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="7" style="width: 9%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 90%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">933,169</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">824,082</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,739,943</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,592,909</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 90%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">494,206</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">483,216</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">295,948</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">271,795</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 90%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Consumer</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,508</font></td> <td style="border-bottom: #000000 1pt solid; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,808</font></td> <td style="border-bottom: #000000 1pt solid; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Gross loans</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,465,774</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,174,810</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 90%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Net deferred loan fees</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(3,287</font></td> <td style="border-bottom: #000000 1pt solid; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(3,354</font></td> <td style="border-bottom: #000000 1pt solid; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total loans receivable</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,462,487</font></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,171,456</font></td></tr></table></div></div> <div><p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The recorded investment of those loans is as follows at September 30, 2018 and December 31, 2017.</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 80%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">December 31,</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2018</font></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="5" style="width: 9%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 89%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,524</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,683</font></td></tr></table></div></div> <div><p style="text-align: left; text-indent: 15pt"><b><font style="font: x-small Times New Roman"></font></b><font style="font: x-small Times New Roman">The following table sets forth the composition of the Company&#8217;s nonaccrual loans as of September 30, 2018 and December 31, 2017:</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 80%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 91%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">December 31,</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 91%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2018</font></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 91%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="5" style="width: 7%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 91%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">29,562</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">47,363</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 91%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">15,927</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">12,757</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 91%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,934</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 91%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,592</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5,493</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 91%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total nonaccrual loans</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">53,015</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">65,613</font></td></tr></table></div></div> <div><p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following table provides an analysis of the impaired loans by category as of September 30, 2018 and December 31, 2017:</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 60%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="8" style="width: 11%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">September 30, 2018</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Unpaid</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Recorded</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Principal</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; text-align: center"><font style="font: x-small Times New Roman">Related</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Investment</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Balance</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Allowance</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman">No related allowance recorded</font></u></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="8" style="width: 11%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">31,471</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">92,452</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">21,483</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">21,636</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">10,428</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">10,429</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,237</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,533</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Consumer</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total (no related allowance)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">65,619</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">127,050</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr> <td colspan="10" style="width: 100%">&#160;&#160;</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman">With an allowance recorded</font></u></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">8,529</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">8,529</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">709</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">263</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">266</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">32</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total (with allowance)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">8,792</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">8,795</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">741</font></td></tr> <tr> <td colspan="10" style="width: 100%">&#160;&#160;</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman">Total</font></u></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; 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white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,799</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">32</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Consumer</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">74,411</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; 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white-space: nowrap; text-align: left">&#160;</td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="8" style="width: 11%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">December 31, 2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left">&#160;</td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Unpaid</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left">&#160;</td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Recorded</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Principal</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; text-align: center"><font style="font: x-small Times New Roman">Related</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left">&#160;</td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Investment</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Balance</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Allowance</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman">No related allowance recorded</font></u></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="8" style="width: 11%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">49,761</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">101,066</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">23,905</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">23,976</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">6,662</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">6,662</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,203</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,442</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Consumer</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total (no related allowance)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">83,531</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">135,146</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr> <td colspan="10" style="width: 100%">&#160;&#160;</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman">With an allowance recorded</font></u></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">1,133</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">1,133</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">39</font></td></tr> <tr> <td colspan="10" style="width: 100%">&#160; </td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman">Total</font></u></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">49,761</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">101,066</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">25,038</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">25,109</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">39</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">6,662</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">6,662</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,203</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,442</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Consumer</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">84,664</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">136,279</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">39</font></td></tr></table></div></div> <div><p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following table provides an analysis of the aging of gross loans (excluding loans held-for-sale) that are past due at September 30, 2018 and December 31, 2017 by segment:</font></p> <p style="text-align: left"><font style="font: x-small Times New Roman"><b>Aging Analysis</b></font></p> <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="20" style="width: 31%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">September 30, 2018</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; width: 5%; text-align: center"><font style="font: x-small Times New Roman">90 Days or</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 5%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Greater Past</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Total Past</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">30-59 Days</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; 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white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160; </td> <td colspan="2" style="width: 4%; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Past Due</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160; </td> <td colspan="2" style="width: 4%; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Past Due</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160; </td> <td colspan="2" style="width: 5%; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Accruing</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Nonaccrual</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right">&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Nonaccrual</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Current</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Gross Loans</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="20" style="width: 31%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">233</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">246</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 4%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,648</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">29,562</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">31,689</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">901,480</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">933,169</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,190</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 4%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">15,927</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">19,117</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,720,826</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,739,943</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 4%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,934</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,934</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">491,272</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">494,206</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">6</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 4%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,592</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,598</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">291,350</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left; text-align: right"><font style="font: x-small Times New Roman">295,948</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Consumer</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">288</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 4%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">288</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2,220</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2,508</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">527</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">3,436</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 4%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">1,648</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">53,015</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">58,626</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">4,407,148</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">4,465,774</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left">&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="20" style="width: 31%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td></tr> <tr style="vertical-align: bottom"> <td colspan="22" style="width: 100%; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left">&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="20" style="width: 31%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="20" style="width: 31%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Dec</font><font style="font: x-small Times New Roman">ember 31, 2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 5%; text-align: center"><font style="font: x-small Times New Roman">90 Days or</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 5%; text-align: center"><font style="font: x-small Times New Roman">Greater Past</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Total Past</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; text-align: center"><font style="font: x-small Times New Roman">30-59 Days</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; text-align: center"><font style="font: x-small Times New Roman">60-89 Days</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 5%; text-align: center"><font style="font: x-small Times New Roman">Due and Still</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Due and</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Past Due</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Past Due</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 5%; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Accruing</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Nonaccrual</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Nonaccrual</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Current</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Gross Loans</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="20" style="width: 31%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,708</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">183</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 4%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,664</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">47,363</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">50,918</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">773,164</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">824,082</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">545</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,475</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 4%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">12,757</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">14,777</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,578,132</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,592,909</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 4%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">483,216</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">483,216</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,578</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 4%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5,493</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">7,071</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">264,724</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">271,795</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Consumer</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">18</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 4%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">18</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2,790</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2,808</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">3,849</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">1,658</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 4%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">1,664</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">65,613</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">72,784</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">4,102,026</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">4,174,810</font></td></tr></table></div> <div><p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following tables detail, at the period-end presented, the amount of gross loans (excluding loans held-for-sale) that are evaluated individually, and collectively, for impairment, those acquired with deteriorated credit quality, and the related portion of the allowance for loan losses (&#8220;ALLL&#8221;) that are allocated to each loan portfolio segment:</font></p> <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="20" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">September 30, 2018</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Residential</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Commercial</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">real estate</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">construction</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">real estate</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Consumer</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Unallocated</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Total</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="20" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 72%; white-space: nowrap; text-align: left"><u><font style="font: xx-small Times New Roman">ALLL</font></u></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Individually evaluated for impairment</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">709</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">32</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">741</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Collectively evaluated for impairment</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">9,749</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">16,569</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">4,790</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1,183</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">3</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">564</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">32,858</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Acquired portfolio</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">200</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">950</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1,150</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Acquired with deteriorated credit quality</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">9,949</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">18,228</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">4,790</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">1,215</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">3</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">564</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">34,749</font></td></tr> <tr> <td colspan="22">&#160;&#160;</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><u><font style="font: xx-small Times New Roman">Gross loans</font></u></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Individually evaluated for impairment</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">31,471</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">30,012</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">10,428</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,500</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">74,411</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Collectively evaluated for impairment</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">891,514</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,438,638</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">483,778</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">247,211</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,123</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">4,063,264</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Acquired portfolio</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">7,660</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">271,293</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">46,237</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">385</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">325,575</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Acquired with deteriorated credit quality</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,524</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,524</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">933,169</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">2,739,943</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">494,206</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">295,948</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">2,508</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">4,465,774</font></td></tr> <tr> <td colspan="22">&#160; </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="20" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">December 31, 2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Residential</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">real estate</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">construction</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">real estate</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Consumer</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Unallocated</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Total</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="20" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><u><font style="font: xx-small Times New Roman">ALLL</font></u></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Individually evaluated for impairment</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">39</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">39</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Collectively evaluated for impairment</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">8,032</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">15,472</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">4,747</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1,051</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">605</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">29,909</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Acquired portfolio</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">200</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1,600</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1,800</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Acquired with deteriorated credit quality</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">8,232</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">17,111</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">4,747</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">1,051</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">2</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">605</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">31,748</font></td></tr> <tr> <td colspan="22">&#160; </td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><u><font style="font: xx-small Times New Roman">Gross loans</font></u></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Individually evaluated for impairment</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">49,761</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">25,038</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">6,662</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">3,203</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">84,664</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Collectively evaluated for impairment</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">757,923</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,190,686</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">476,554</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">212,350</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,338</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">3,639,851</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Acquired portfolio</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">13,715</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">377,185</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">56,242</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">470</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">447,612</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Acquired with deteriorated credit quality</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,683</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,683</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">824,082</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">2,592,909</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">483,216</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">271,795</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">2,808</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">4,174,810</font></td></tr></table></div> <div><p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">A summary of the activity in the ALLL is as follows:</font></p> <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="24" style="width: 31%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Three Months Ended September 30, 2018</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right">&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right">&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160; </td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right">&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Residential</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right">&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">real estate</font></td> <td style="border-top: Black medium none; 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white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(6</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; 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width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; 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white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Balance at September 30, 2018</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">9,949</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">18,228</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">4,790</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">1,215</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">3</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">564</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">34,749</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td></tr> <tr> <td colspan="26" style="width: 100%">&#160; </td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="24" style="width: 31%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Three Months Ended September 30, 2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Residential</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">real estate</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; 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text-align: right"></td> <td colspan="24" style="width: 31%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Balance at June 30, 2017</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">7,238</font></td> <td style="border-top-style: none; 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text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(1</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(1</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr> <td colspan="26" style="width: 100%">&#160; </td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Recoveries</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; 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white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">20</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="background-color: Silver"> <td colspan="26" style="width: 100%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; 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text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; 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white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Markets for</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Other</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Significant</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; 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text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font><font style="font: x-small Times New Roman">Assets</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Inputs</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Inputs</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"><u><font style="font: x-small Times New Roman">Assets measured at fair value on a nonrecurring basis:</font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2018</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font><font style="font: x-small Times New Roman">(Level 1)</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(Level 2)</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(Level 3)</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; vertical-align: top; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Impaired loans:</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="8" style="width: 1%; white-space: nowrap; text-align: left; text-align: center"> <p style="text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></p></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left; padding-left: 15pt; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">7,820</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">7,820</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">231</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">231</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left">&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="7" style="width: 7%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="8" style="border-bottom: #000000 1pt solid; width: 8%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Fair Value Measurements at Reporting Date Using</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Quoted</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Prices</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">in Active</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Significant</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Markets for</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Other</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Significant</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Identical</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Observable</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Unobservable</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">December 31,</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font><font style="font: x-small Times New Roman">Assets</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Inputs</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Inputs</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"><u><font style="font: x-small Times New Roman">Assets measured at fair value on a nonrecurring basis:</font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2017</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font><font style="font: x-small Times New Roman">(Level 1)</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(Level 2)</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(Level 3)</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; vertical-align: top; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Impaired loans:</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="8" style="width: 1%; white-space: nowrap; text-align: left; text-align: center"> <p style="text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></p></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left; padding-left: 15pt; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,094</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,094</font></td></tr></table></div> <div><p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The tables below present a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the nine months ended September 30, 2018 and for the year ended December 31, 2017:</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 60%"> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Municipal</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="3" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Securities</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="3" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 96%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Beginning balance, January 1, 2018</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;9,632</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Principal paydowns</font></td> <td style="width: 1%; 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width: 20%; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 30%; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; width: 43%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman">December 31, 2017</font></u></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 20%; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 30%; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; width: 43%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 20%; text-align: center"><font style="font: x-small Times New Roman">Valuation</font></td> <td style="vertical-align: top; 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white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 20%; text-align: left; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="vertical-align: top; width: 30%; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; vertical-align: top; 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vertical-align: top; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; vertical-align: top; width: 30%; text-align: left"><font style="font: x-small Times New Roman">Adjustment for differences between the comparable sales</font></td> <td style="background-color: #c0c0c0; vertical-align: top; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; vertical-align: top; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">0% - 10% [5%]</font></td></tr></table></div> <div><p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company&#8217;s financial instruments as of September 30, 2018 and December 31, 2017:</font></p> <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="8" style="border-bottom: #000000 1pt solid; width: 8%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Fair Value Measurements</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Quoted</font></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Prices in</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Active</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; 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white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Other</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Significant</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Identical</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Observable</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Unobservable</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Carrying</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Fair</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Assets</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Inputs</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Inputs</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Amount</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Value</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(Level 1)</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(Level 2)</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(Level 3)</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="14" style="width: 14%; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font> <font style="font: x-small Times New Roman"></font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left"><b><u><font style="font: x-small Times New Roman">September 30, 2018</font></u></b></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><b><u><font style="font: x-small Times New Roman"></font></u></b></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Financial assets:</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Cash and cash equivalents</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">155,848</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">155,848</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">155,848</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Securities available-for-sale</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">410,039</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">410,039</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">975</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">399,623</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">9,441</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Equity Securities</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11,403</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11,403</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11,403</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Loans held-for-sale</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">270</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">270</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">270</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Net loans</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,427,738</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,304,357</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,304,357</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Derivatives</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,906</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,906</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,906</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left">&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Financial liabilities:</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Noninterest-bearing deposits</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">758,213</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">758,213</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">758,213</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Interest-bearing deposits</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,230,552</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,222,141</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,907,805</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,314,336</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Borrowings</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">629,979</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">626,841</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">626,841</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Subordinated debentures</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">128,474</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">129,165</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">129,165</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left">&#160;</td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><b><u><font style="font: x-small Times New Roman"></font></u></b></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"><b><u><font style="font: x-small Times New Roman">December 31, 2017</font></u></b></td> <td style="width: 1%; white-space: nowrap; text-align: left"><b><u><font style="font: x-small Times New Roman"></font></u></b></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Financial assets:</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Cash and cash equivalents</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">149,582</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">149,582</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">149,582</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Securities available-for-sale</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">435,284</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">435,284</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">15,150</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">410,502</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">9,632</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Loans held-for-sale</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">24,845</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">24,845</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">370</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">24,475</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Net loans</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,139,708</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,118,542</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,118,542</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Derivatives</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">798</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">798</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">798</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left">&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Financial liabilities:</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Noninterest-bearing deposits</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">776,843</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">776,843</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">776,843</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Interest-bearing deposits</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,018,285</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,018,285</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,842,151</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,176,134</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; 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white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">274</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(309</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td rowspan="3" style="vertical-align: top; width: 33%; text-align: left"><font style="font: x-small Times New Roman">Other components of net periodic pension expense Income tax expense</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(26</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">42</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(77</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">126</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 1pt solid; width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">65</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 1pt solid; width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(61</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 1pt solid; width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">197</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 1pt solid; width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(183</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 33%; white-space: nowrap; text-align: left">&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 33%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 33%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Total reclassification</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">65</font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 2pt double; 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background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 5%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">834</font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 33%; white-space: nowrap; text-align: left"></td></tr></table> <div><p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Accumulated other comprehensive loss at September 30, 2018 and December 31, 2017 consisted of the following:</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 80%"> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="3" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">December 31,</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2018</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; 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width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="border-bottom: Black 2pt double; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#160;&#160;&#160; (4,019</font></td> <td style="border-bottom: Black 2pt double; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr></table></div></div> <div><p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Activity under the Company&#8217;s options as of and for the nine months ended September 30, 2018 was as follows:</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 80%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="background-color: #ffffff; width: 85%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: center"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: center"></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Weighted-</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; 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text-align: center"></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Average</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: center"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #ffffff; width: 85%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: center"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="2" style="background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Weighted-</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Remaining</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: center"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #ffffff; width: 85%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Number of</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="2" style="background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Average</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #ffffff; 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width: 85%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: #000000 1pt solid; background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Options</font></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: #000000 1pt solid; background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Price</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td style="border-bottom: #000000 1pt solid; background-color: #ffffff; width: 2%; 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width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">6.18</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #ffffff; width: 85%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Granted</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Exercised</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#160;&#160;&#160;&#160;&#160;(102,378</font></td> <td style="background-color: #c0c0c0; 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white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #ffffff; width: 85%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Forfeited/cancelled/expired</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 1pt solid; background-color: #ffffff; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(1,323</font></td> <td style="border-bottom: #000000 1pt solid; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">14.24</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; 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border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">1.8</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,346,546</font></td></tr> <tr> <td colspan="12" style="background-color: #c0c0c0; width: 100%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #ffffff; width: 85%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Exercisable at September 30, 2018</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: right"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="border-bottom: Black 2pt double; background-color: #ffffff; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">196,077</font></td> <td style="border-bottom: Black 2pt double; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">6.68</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">1.8</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,346,546</font></td></tr></table></div></div> <div><p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Activity under the Company&#8217;s restricted shares as of and for the nine months ended September 30, 2018 was as follows:</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 60%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 91%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"></td> <td style="width: 3%; white-space: nowrap; text-align: center"></td> <td style="width: 1%; white-space: nowrap; text-align: center"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Weighted-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 91%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"></td> <td style="width: 3%; white-space: nowrap; text-align: center"></td> <td style="width: 1%; white-space: nowrap; text-align: center"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Average</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 91%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Nonvested</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Grant Date</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 91%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; 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width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">103,078</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">20.41</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 91%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Granted</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">23,018</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">28.08</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 91%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Vested</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;(58,002</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">20.33</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 91%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Forfeited/cancelled/expired</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 1pt solid; width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(666</font></td> <td style="border-bottom: #000000 1pt solid; 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width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Value</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Unearned at December 31, 2017</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#160;&#160;&#160;&#160;&#160;151,194</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">19.19</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Awarded</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">19,614</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">31.35</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Change in Estimate</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; 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white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="7" style="width: 7%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 47%; white-space: nowrap; text-align: center"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 44%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Service cost</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; 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white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">As previously reported</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">As reported under the new guidance</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">62</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">189</font></td></tr> <tr> <td colspan="7" style="background-color: #c0c0c0; width: 100%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Salaries and employee benefits</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">As previously reported</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">8,872</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">25,710</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">As reported under the new guidance</font></td> <td style="border-style: none; border-width: medium; 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width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Rate</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Amount</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Rate</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 84%; white-space: nowrap; text-align: center"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"><b><font style="font: x-small Times New Roman"></font></b></td> <td colspan="11" style="width: 15%; white-space: nowrap; text-align: center"><b><font style="font: x-small Times New Roman">(dollars in thousands)</font></b></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 84%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Total FHLB borrowings</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">629,979</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#160;&#160;&#160;&#160;&#160;2.32</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">670,077</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160;&#160;</td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">&#160;&#160;&#160;&#160;&#160;1.76</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 84%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">&#160;</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 84%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">By remaining period to maturity:</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 84%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Less than 1 year</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">459,979</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2.24</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">505,077</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1.59</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 84%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">1 year through less than 2 years</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">25,000</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1.85</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">35,000</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1.60</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 84%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">2 years through less than 3 years</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">95,000</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2.76</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">85,000</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2.65</font></td> <td style="width: 1%; 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text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">45,000</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2.15</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 84%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">4 years through 5 years</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">25,000</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2.92</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">%</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 84%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Total FHLB borrowings</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">629,979</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2.32</font></td> <td style="width: 1%; 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text-indent: 15pt"><font style="font: x-small Times New Roman">The following table presents the Company&#8217;s sources of noninterest income for the three months and nine months ended September 30, 2018 and 2017. 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white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Ended</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Ended</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2018</font></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2017<sup>(b)</sup></font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="5" style="width: 7%; white-space: nowrap; text-align: center"><b><font style="font: x-small Times New Roman">(dollars in thousands)</font></b></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 92%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Noninterest income</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Service charges on deposits</font></td> <td style="border-style: none; 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width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">222</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">228</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">Other</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">186</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">193</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Interchange income</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">152</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">153</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Net gains on sales of loans <sup>(a)</sup></font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">50</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Wire transfer fees <sup>(a)</sup></font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">73</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">63</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Loan servicing fees <sup>(a)</sup></font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">16</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">47</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Bank owned life insurance <sup>(a)</sup></font></td> <td style="border-style: none; 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white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Nine Months</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Nine Months</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Ended</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Ended</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2018</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="2" style="border-bottom: #000000 1pt solid; width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">2017<sup>(b)</sup></font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #ffffff; width: 92%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="5" style="background-color: #ffffff; width: 7%; white-space: nowrap; text-align: center"><b><font style="font: x-small Times New Roman">(dollars in thousands)</font></b></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 92%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Noninterest income</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #ffffff; width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Service charges on deposits</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 92%; white-space: nowrap; text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">Overdraft fees</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; 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background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">482</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">552</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Interchange income</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; 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text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,300</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,402</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #ffffff; width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Net gains on sales of securities <sup>(a)</sup></font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,596</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Annuities and insurance commissions <sup>(a)</sup></font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-style: none; border-width: medium; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">39</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #ffffff; width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Other</font></td> <td style="border-style: none; border-width: medium; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #ffffff; 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white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Gross Amounts</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">of Assets</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 70%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Offset in the</font> <font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Presented in the</font>&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Cash or</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 70%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Statement of</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Statement of</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Financial</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Financial</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 70%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Gross Amounts</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Financial</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Financial</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Instruments</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Instrument</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Net</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 70%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Recognized</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Condition</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Condition</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Recognized</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Collateral</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Amount</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 70%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="17" style="width: 29%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font> <font style="font: x-small Times New Roman"></font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 70%; white-space: nowrap; text-align: left"><b><font style="font: x-small Times New Roman; border-bottom: #000000 1pt solid">September 30, 2018</font></b></td> <td style="width: 1%; white-space: nowrap; text-align: left"><b><u><font style="font: x-small Times New Roman"></font></u></b></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 70%; white-space: nowrap; text-align: left"><b><font style="font: x-small Times New Roman">Assets:</font></b></td> <td style="width: 1%; white-space: nowrap; text-align: left"><b><font style="font: x-small Times New Roman"></font></b></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 70%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Interest rate swaps</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 70%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">1,906</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double; vertical-align: middle"><font style="font: x-small Times New Roman">- </font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">1,906</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">1,906</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 70%; white-space: nowrap; text-align: left"><b><font style="font: x-small Times New Roman; border-bottom: #000000 1pt solid">December 31, 2017</font></b></td> <td style="width: 1%; white-space: nowrap; text-align: left"><b><u><font style="font: x-small Times New Roman"></font></u></b></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 70%; white-space: nowrap; text-align: left"><b><font style="font: x-small Times New Roman">Assets:</font></b></td> <td style="width: 1%; white-space: nowrap; text-align: left"><b><font style="font: x-small Times New Roman"></font></b></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 70%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Interest rate swaps</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 70%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">798</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double; vertical-align: middle"><font style="font: x-small Times New Roman">- </font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">798</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; 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text-indent: 15pt"><b><font style="font: x-small Times New Roman"></font></b><font style="font: x-small Times New Roman">The following table sets forth the composition of the Company&#8217;s loans held-for-sale portfolio at September 30, 2018 and December 31, 2017:</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 80%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 91%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">December 31,</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; 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New Authoritative Accounting Guidance</b></font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">ASU 2018-15, &#8220;<i>Intangibles&#8212;Goodwill and Other&#8212;Internal-Use Software (Subtopic 350-40): Customer&#8217;s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract.</i>&#8221; 'These amendments align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license). The accounting for the service element of a hosting arrangement that is a service contract is not affected by these amendments. ASU 2018-15 is effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2019. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">ASU 2018-14, &#8220;<i>Compensation&#8212;Retirement Benefits&#8212;Defined Benefit Plans&#8212;General (Subtopic 715-20): Disclosure Framework&#8212;Changes to the Disclosure Requirements for Defined Benefit Plans.</i>&#8221; These amendments modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. ASU 2018-14 is effective for fiscal years ending after December 15, 2020. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">ASU 2018-13, &#8220;<i>Fair Value Measurement (Topic 820): Disclosure Framework&#8212;Changes to the Disclosure Requirements for Fair Value Measurement.</i>&#8221; The amendments in this update modify disclosure requirements on fair value measurements by removing, modifying and adding certain disclosure requirements. The amendments primarily pertain to Level 3 fair value measurements and depending on the amendment are applied either prospectively or retrospectively. ASU 2018-13 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">ASU 2018-10, &#8220;</font><font style="font: x-small Times New Roman"><i>Codification Improvements to Topic 842, Leases</i></font><font style="font: x-small Times New Roman">.&#8221; These amendments affect narrow aspects of the guidance issued in the amendments in ASU 2016-02 including those regarding residual value guarantees, rate implicit in the lease, lessee reassessment of lease classification, lessor reassessment of lease term and purchase option, variable lease payments that depend on an index or a rate, investment tax credits, lease term and purchase option, transition guidance for amounts previously recognized in business combinations, certain transition adjustments, transition guidance for leases previously classified as capital leases under Topic 840, transition guidance for modifications to leases previously classified as direct financing or sales-type leases under Topic 840, transition guidance for sale and leaseback transactions, impairment of net investment in the lease, unguaranteed residual asset, effect of initial direct costs on rate implicit in the lease, and failed sale and leaseback transactions. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">ASU 2018-01, &#8220;</font><font style="font: x-small Times New Roman"><i>Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842</i></font><font style="font: x-small Times New Roman">.&#8221; ASU 2018-01 provides an optional transition practical expedient for the adoption of ASU 2016-02 that, if elected, would not require an organization to reconsider their accounting for existing land easements that are not currently accounted for under the old leases standard; and clarify that new or modified land easements should be evaluated under ASU 2016-02, once an entity has adopted the new standard. ASU 2018-01 is effective for fiscal years beginning after December 15, 2018. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">ASU No. 2017-12, &#8220;</font><font style="font: x-small Times New Roman"><i>Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities</i></font><font style="font: x-small Times New Roman">.&#8221; ASU No. 2017-12 refines and expands hedge accounting for both financial (e.g., interest rate) and commodity risks. Its provisions create more transparency around how economic results are presented, both on the face of the financial statements and in the footnotes. It also makes certain targeted improvements to simplify the application of hedge accounting guidance. ASU 2017-12 will be effective for public business entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Although management continues to evaluate the potential impact of ASU 2017-12 on our consolidated financial statements, at this time, we believe the adoption of this standard will not have a significant impact on our consolidated financial statements.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">ASU No. 2017-08, &#8220;'</font><font style="font: x-small Times New Roman"><i>Receivables&#8212;Nonrefundable Fees and Other Costs (Subtopic 310-20), Premium Amortization on Purchased Callable Debt Securities</i></font><font style="font: x-small Times New Roman">.&#8221; ASU No. 2017-08 shortens the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. ASU 2017-08 will be effective for public business entities for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. We are currently evaluating this ASU to determine the impact on our consolidated financial statements.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">ASU No. 2017-04, </font><font style="font: x-small Times New Roman"><i>&#8220;Intangibles &#8211; Goodwill and Other (Topic 350).&#8221; </i></font><font style="font: x-small Times New Roman">ASU 2017-04 aims to simplify the subsequent measurement of goodwill. Under these amendments, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit&#8217;s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. The Board also eliminated the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment. An entity is required to disclose the amount of goodwill allocated to each reporting unit with a zero or negative carrying amount of net assets and still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2019. Although management continues to evaluate the potential impact of ASU 2017-04 on our consolidated financial statements, at this time, we believe the adoption of this standard will not have a significant impact on our consolidated financial statements.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">ASU No. 2016-13, &#8220;</font><font style="font: x-small Times New Roman"><i>Financial Instruments &#8211; Credit Losses (Topic 326): Assets Measured at Amortized Cost.&#8221; ASU 2016-</i></font><font style="font: x-small Times New Roman">13 requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The amendments in this update replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates and affects loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company has formed a CECL committee that is assessing our data and system needs. The Company has engaged a third-party vendor to assist is analyzing our data and developing a CECL model. The Company has recently met with the third-party vendor and discussed our data, in terms of what is available and potential gaps. The Company also discussed modeling standards, loan segmentation, as well as potential external inputs to supplement our historical loss history. We expect to recognize a one-time cumulative effect adjustment to the allowance for loan losses as of the beginning of the first reporting period in which the ASU is effective, but cannot yet determine the magnitude of any such one-time adjustment or the overall impact of the ASU on our consolidated financial statements.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">ASU No. 2016-02, &#8220;<i>Leases (Topic 842)</i>&#8221; requires the recognition of a right of use asset and related lease liability by lessees for leases classified as operating leases under current GAAP. Topic 842, which replaces the current guidance under Topic 840, retains a distinction between finance leases and operating leases. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee also will not significantly change from current GAAP. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize right of use assets and lease liabilities. Topic 842 will be effective for the Company for reporting periods beginning January 1, 2019, with early adoption permitted. The Company must apply a modified retrospective transition approach for the applicable leases existing at, or entered into after, the beginning of the earliest comparative period presented in the consolidated financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. The Company is currently leasing properties as branch locations and is leasing certain office equipment. Currently, the Company is in the process of evaluating all of our leases for compliance for the new ASU. As part of that process, management is developing a systematic approach that can be used to calculate the financial statement impact starting in 2019. The adoption of ASU 2016-02 will result in increases to the Company's assets and liabilities.</font></p> </div> <div><p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following table presents interest income expected to be recognized on the purchased credit-impaired loans and the related activity for the three and nine months ended September 30, 2018 and September 30, 2017:</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 80%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Three Months</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Three Months</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Ended</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Ended</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2018</font></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="7" style="width: 9%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 89%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Balance at July 1,</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,259</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,496</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Accretion of income</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(63</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(180</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 89%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Balance at September 30,</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,196</font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,316</font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td></tr></table><br /> <table cellspacing="0" cellpadding="0" border="0" style="width: 80%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Nine Months</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Nine Months</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Ended</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Ended</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2018</font></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="7" style="width: 9%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 89%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Balance at January 1,</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,387</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,860</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Accretion of income</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(191</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(544</font></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 89%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Balance at September 30,</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,196</font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,316</font></td></tr></table></div></div> <div><p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">ASU 2018-15, &#8220;<i>Intangibles&#8212;Goodwill and Other&#8212;Internal-Use Software (Subtopic 350-40): Customer&#8217;s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract.</i>&#8221; 'These amendments align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license). The accounting for the service element of a hosting arrangement that is a service contract is not affected by these amendments. ASU 2018-15 is effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2019. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">ASU 2018-14, &#8220;<i>Compensation&#8212;Retirement Benefits&#8212;Defined Benefit Plans&#8212;General (Subtopic 715-20): Disclosure Framework&#8212;Changes to the Disclosure Requirements for Defined Benefit Plans.</i>&#8221; These amendments modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. ASU 2018-14 is effective for fiscal years ending after December 15, 2020. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">ASU 2018-13, &#8220;<i>Fair Value Measurement (Topic 820): Disclosure Framework&#8212;Changes to the Disclosure Requirements for Fair Value Measurement.</i>&#8221; The amendments in this update modify disclosure requirements on fair value measurements by removing, modifying and adding certain disclosure requirements. The amendments primarily pertain to Level 3 fair value measurements and depending on the amendment are applied either prospectively or retrospectively. ASU 2018-13 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">ASU 2018-10, &#8220;</font><font style="font: x-small Times New Roman"><i>Codification Improvements to Topic 842, Leases</i></font><font style="font: x-small Times New Roman">.&#8221; These amendments affect narrow aspects of the guidance issued in the amendments in ASU 2016-02 including those regarding residual value guarantees, rate implicit in the lease, lessee reassessment of lease classification, lessor reassessment of lease term and purchase option, variable lease payments that depend on an index or a rate, investment tax credits, lease term and purchase option, transition guidance for amounts previously recognized in business combinations, certain transition adjustments, transition guidance for leases previously classified as capital leases under Topic 840, transition guidance for modifications to leases previously classified as direct financing or sales-type leases under Topic 840, transition guidance for sale and leaseback transactions, impairment of net investment in the lease, unguaranteed residual asset, effect of initial direct costs on rate implicit in the lease, and failed sale and leaseback transactions. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">ASU 2018-01, &#8220;</font><font style="font: x-small Times New Roman"><i>Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842</i></font><font style="font: x-small Times New Roman">.&#8221; ASU 2018-01 provides an optional transition practical expedient for the adoption of ASU 2016-02 that, if elected, would not require an organization to reconsider their accounting for existing land easements that are not currently accounted for under the old leases standard; and clarify that new or modified land easements should be evaluated under ASU 2016-02, once an entity has adopted the new standard. ASU 2018-01 is effective for fiscal years beginning after December 15, 2018. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">ASU No. 2017-12, &#8220;</font><font style="font: x-small Times New Roman"><i>Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities</i></font><font style="font: x-small Times New Roman">.&#8221; ASU No. 2017-12 refines and expands hedge accounting for both financial (e.g., interest rate) and commodity risks. Its provisions create more transparency around how economic results are presented, both on the face of the financial statements and in the footnotes. It also makes certain targeted improvements to simplify the application of hedge accounting guidance. ASU 2017-12 will be effective for public business entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Although management continues to evaluate the potential impact of ASU 2017-12 on our consolidated financial statements, at this time, we believe the adoption of this standard will not have a significant impact on our consolidated financial statements.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">ASU No. 2017-08, &#8220;'</font><font style="font: x-small Times New Roman"><i>Receivables&#8212;Nonrefundable Fees and Other Costs (Subtopic 310-20), Premium Amortization on Purchased Callable Debt Securities</i></font><font style="font: x-small Times New Roman">.&#8221; ASU No. 2017-08 shortens the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. ASU 2017-08 will be effective for public business entities for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. We are currently evaluating this ASU to determine the impact on our consolidated financial statements.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">ASU No. 2017-04, </font><font style="font: x-small Times New Roman"><i>&#8220;Intangibles &#8211; Goodwill and Other (Topic 350).&#8221; </i></font><font style="font: x-small Times New Roman">ASU 2017-04 aims to simplify the subsequent measurement of goodwill. Under these amendments, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit&#8217;s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. The Board also eliminated the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment. An entity is required to disclose the amount of goodwill allocated to each reporting unit with a zero or negative carrying amount of net assets and still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2019. Although management continues to evaluate the potential impact of ASU 2017-04 on our consolidated financial statements, at this time, we believe the adoption of this standard will not have a significant impact on our consolidated financial statements.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">ASU No. 2016-13, &#8220;</font><font style="font: x-small Times New Roman"><i>Financial Instruments &#8211; Credit Losses (Topic 326): Assets Measured at Amortized Cost.&#8221; ASU 2016-</i></font><font style="font: x-small Times New Roman">13 requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The amendments in this update replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates and affects loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company has formed a CECL committee that is assessing our data and system needs. The Company has engaged a third-party vendor to assist is analyzing our data and developing a CECL model. The Company has recently met with the third-party vendor and discussed our data, in terms of what is available and potential gaps. The Company also discussed modeling standards, loan segmentation, as well as potential external inputs to supplement our historical loss history. We expect to recognize a one-time cumulative effect adjustment to the allowance for loan losses as of the beginning of the first reporting period in which the ASU is effective, but cannot yet determine the magnitude of any such one-time adjustment or the overall impact of the ASU on our consolidated financial statements.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">ASU No. 2016-02, &#8220;<i>Leases (Topic 842)</i>&#8221; requires the recognition of a right of use asset and related lease liability by lessees for leases classified as operating leases under current GAAP. Topic 842, which replaces the current guidance under Topic 840, retains a distinction between finance leases and operating leases. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee also will not significantly change from current GAAP. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize right of use assets and lease liabilities. Topic 842 will be effective for the Company for reporting periods beginning January 1, 2019, with early adoption permitted. The Company must apply a modified retrospective transition approach for the applicable leases existing at, or entered into after, the beginning of the earliest comparative period presented in the consolidated financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. The Company is currently leasing properties as branch locations and is leasing certain office equipment. Currently, the Company is in the process of evaluating all of our leases for compliance for the new ASU. As part of that process, management is developing a systematic approach that can be used to calculate the financial statement impact starting in 2019. The adoption of ASU 2016-02 will result in increases to the Company's assets and liabilities.</font></p> </div> <div><p style="text-align: left"><font style="font: x-small Times New Roman"><b>Note 4. Securities Available-for-Sale</b></font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Securities available-for-sale are reported at fair value with unrealized gains or losses included in stockholders&#8217; equity, net of tax. Accordingly, the carrying value of such securities reflects their fair value as of September 30, 2018 and December 31, 2017. Fair value is based upon either quoted market prices, or in certain cases where there is limited activity in the market for a particular instrument, assumptions are made to determine their fair value. See Note 7 of the Notes to Consolidated Financial Statements for a further discussion.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following table summarizes the amortized cost and fair value of securities available-for-sale at September 30, 2018 and December 31, 2017 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss).</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 80%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Gross</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="3" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Gross</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Amortized</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Unrealized</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="3" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Unrealized</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Fair</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Cost</font></td> <td style="border-top-style: none; 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text-align: left"><u><font style="font: x-small Times New Roman">September 30, 2018</font></u></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="12" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 83%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Securities available-for-sale</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Federal agency obligations</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">48,963</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">14</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(1,443</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; 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text-align: right"><font style="font: x-small Times New Roman">196,650</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">75</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(6,174</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">190,551</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Commercial mortgage pass-through securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,953</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; 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white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; 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border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">410,039</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt">&#160;</td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;</td> <td style="white-space: nowrap; text-align: left">&#160;</td> <td style="white-space: nowrap; text-align: left">&#160;</td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;</td> <td colspan="2" style="white-space: nowrap; text-align: center">&#160;</td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;</td> <td colspan="3" style="white-space: nowrap; text-align: center">&#160;</td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;</td> <td style="white-space: nowrap; text-align: left">&#160;</td> <td style="white-space: nowrap; text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Gross</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="3" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Gross</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Amortized</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Unrealized</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="3" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Unrealized</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Fair</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Cost</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Gains</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="3" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Losses</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Value</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman">December 31, 2017</font></u></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="12" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Securities available-for-sale</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Federal agency obligations</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">56,297</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">141</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(416</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">56,022</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Residential mortgage pass-through securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">183,509</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">330</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(1,948</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">181,891</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Commercial mortgage pass-through securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,054</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(3</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,054</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Obligations of U.S. states and political subdivisions</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">130,723</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,739</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(1,334</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">131,128</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Trust preferred securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,577</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">205</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(111</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,671</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Corporate bonds and notes</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">29,801</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">163</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(271</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">29,693</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Asset-backed securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">12,021</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">66</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(37</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">12,050</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Certificates of deposit</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">621</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">625</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Equity securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11,843</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">235</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(350</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11,728</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Other securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,422</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,422</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">Total securities available-for-sale</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">436,868</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,886</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(4,470</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">435,284</font></td></tr></table></div><br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Effective January 1, 2018, the Company implemented ASU 2016-01, &#8220;</font><i><font style="font: x-small Times New Roman">Financial Instruments &#8211; Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.</font></i><font style="font: x-small Times New Roman">&#8221; Under ASU 2016-01, equity securities, with certain exceptions, are to be measured at fair value with changes in fair value recognized in net income. As of March 31, 2018, the Company began separately presenting equity securities with readily determinable fair values on the Statements of Condition within the &#8220;Equity securities&#8221; caption. Net unrealized losses recognized on equity securities with readily determinable fair values for the three and nine months ended as of September 30, 2018 were $157 thousand and $325 thousand, respectively.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Investment securities having a carrying value of approximately $157.0 million and $157.8 million at September 30, 2018 and December 31, 2017, respectively, were pledged to secure public deposits, borrowings, Federal Reserve Discount Window borrowings and Federal Home Loan Bank advances and for other purposes required or permitted by law. As of September 30, 2018 and December 31, 2017, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders&#8217; equity.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following table presents information for investments in securities available-for-sale at September 30, 2018, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. Securities not due at a single maturity date are shown separately.</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 80%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="5" style="width: 7%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">September 30, 2018</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Amortized</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Fair</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Cost</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Value</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="5" style="width: 7%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 92%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Securities available-for-sale:</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Due in one year or less</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,429</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,425</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Due after one year through five years</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">36,607</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">36,375</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Due after five years through ten years</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">28,135</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">28,290</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Due after ten years</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">150,398</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">145,580</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Residential mortgage pass-through securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">196,650</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">190,551</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Commercial mortgage pass-through securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,953</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,843</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Other securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">975</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">975</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">Total securities available-for-sale</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">421,147</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">410,039</font></td></tr></table></div><br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Gross gains and losses from the sales, calls and maturities of securities for periods presented were as follows:</font></p> <table cellspacing="0" cellpadding="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 83%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="5" style="width: 7%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Three Months Ended</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="6" style="width: 8%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Nine Months Ended</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 83%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="5" style="width: 7%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">September 30,</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td colspan="6" style="width: 8%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">September 30,</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 83%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="12" style="width: 16%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 83%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2018</font></td> <td style="width: 1%; 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white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">(579</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="background-color: Silver"> <td colspan="14" style="width: 100%">&#160; </td></tr> <tr style="vertical-align: bottom"> <td style="width: 83%; white-space: nowrap; text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">Net gains on sales of securities, after tax</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">- </font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">1,017</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td></tr></table><br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The Company reviews all securities for potential recognition of other-than-temporary impairment. The Company maintains a watch list for the identification and monitoring of securities experiencing problems that require a heightened level of review. This could include credit rating downgrades.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The Company&#8217;s assessment of whether an impairment in the portfolio is other-than temporary includes factors such as whether the issuer has defaulted on scheduled payments, announced restructuring and/or filed for bankruptcy, has disclosed severe liquidity problems that cannot be resolved, disclosed deteriorating financial condition or sustained significant losses.</font></p> <p style="text-align: left; text-indent: 9pt"><font style="font: x-small Times New Roman"><b><i>Temporarily Impaired Securities</i></b></font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The Company does not believe that any of the unrealized losses, which were comprised of 170 and 112 securities as of September 30, 2018 and December 31, 2017, respectively, represent an other-than-temporary impairment (&#8220;OTTI&#8221;). The gross unrealized losses associated with U.S. Treasury and agency securities, federal agency obligations, mortgage-backed securities, corporate bonds, tax-exempt securities, asset-backed securities, trust preferred securities, mutual funds and equity securities are not considered to be other-than-temporary because these unrealized losses are related to changes in interest rates and do not affect the expected cash flows of the underlying collateral or issuer.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Factors which may contribute to unrealized losses include credit risk, market risk, changes in interest rates, economic cycles, and liquidity risk. The magnitude of any unrealized loss may be affected by the relative concentration of the Company&#8217;s investment in any one issuer or industry. The Company has established policies to reduce exposure through diversification of the securities portfolio including limits on concentrations to any one issuer. The Company believes the securities portfolio is prudently diversified.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The unrealized losses included in the tables below are primarily related to changes in interest rates and credit spreads. All of the Company&#8217;s securities are performing and are expected to continue to perform in accordance with their respective contractual terms and conditions. These are largely intermediate duration holdings and, in certain cases, monthly principal payments can further reduce loss exposure resulting from an increase in rates.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The Company evaluates all securities with unrealized losses quarterly to determine whether the loss is other-than-temporary. Unrealized losses in the corporate debt securities category consist primarily of senior unsecured corporate debt securities issued by large financial institutions, insurance companies and other corporate issuers. Single issuer corporate trust preferred securities are also included, and in the case of one holding the market valuation loss is largely based upon the floating rate coupon and corresponding market valuation. Neither that trust preferred issuer, nor any other corporate issuers, have defaulted on interest payments. The unrealized loss in equity securities consists of losses on other bank equities. The decline in fair value is due in large part to the lack of an active trading market for these securities, changes in market credit spreads and rating agency downgrades. Management concluded that these securities were not OTTI at September 30, 2018.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">In determining whether or not securities are OTTI, the Company must exercise considerable judgment. Accordingly, there can be no assurance that the actual results will not differ from the Company&#8217;s judgments and that such differences may not require the future recognition of OTTI charges that could have a material effect on the Company&#8217;s financial position and results of operations. In addition, the value of, and the realization of any loss on, a security is subject to numerous risks as cited above.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category and the length of time individual securities have been in a continuous unrealized loss position at September 30, 2018 and December 31, 2017:</font></p> <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="20" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30, 2018</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Less than 12 Months</font></td> <td style="border-top-style: none; border-top-width: medium; 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white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 30pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Available-for-Sale:</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Federal agency obligation</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">45,057</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(1,443</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">21,455</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(513</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">23,602</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(930</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential mortgage pass-through securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">185,442</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(6,174</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">106,190</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(2,491</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">79,252</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(3,683</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial mortgage pass-through securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,843</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(110</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,843</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(110</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Obligations of U.S. states and political subdivisions</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">78,481</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(3,903</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">33,733</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(877</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">44,748</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(3,026</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Corporate bonds and notes</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">15,655</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(439</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11,008</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(124</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,647</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(315</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Asset-backed securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,113</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(13</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,303</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(8</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,810</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(5</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left; padding-left: 30pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Total temporarily impaired securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">332,591</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(12,082</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">178,532</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; 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white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(7,959</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr> <td colspan="22">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left">&#160;</td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="20" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">December 31, 2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Less than 12 Months</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; 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white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Losses</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; white-space: nowrap; text-align: left"></td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Value</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td colspan="3" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Losses</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; white-space: nowrap; text-align: left"></td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Value</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; white-space: nowrap; text-align: left"></td> <td colspan="3" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Losses</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="20" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; 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white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 30pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Available-for-Sale:</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Federal agency obligation</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">39,813</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(416</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">28,407</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(213</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11,406</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(203</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential mortgage pass-through securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">148,574</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(1,948</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">117,556</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(1,146</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">31,018</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(802</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial mortgage pass-through securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,198</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(3</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,198</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(3</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Obligations of U.S. states and political subdivisions</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">57,685</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(1,334</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">17,909</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(246</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">39,776</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(1,088</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Trust preferred securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,469</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(111</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,469</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(111</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Corporate bonds and notes</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11,074</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(271</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,965</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(21</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">9,109</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(250</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Asset-backed securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">7,428</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(37</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">993</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(2</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">6,435</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(35</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Equity securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11,116</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(350</font></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11,116</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(350</font></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total temporarily impaired securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">278,357</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(4,470</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">168,028</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(1,631</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">110,329</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(2,839</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr></table></div> <div><p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category and the length of time individual securities have been in a continuous unrealized loss position at September 30, 2018 and December 31, 2017:</font></p> <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="20" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30, 2018</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Less than 12 Months</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">12 Months or Longer</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Fair</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td colspan="3" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Unrealized</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Fair</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td colspan="3" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Unrealized</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Fair</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="3" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Unrealized</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Value</font></td> <td style="border-top: Black medium none; 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white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 30pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Available-for-Sale:</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Federal agency obligation</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">45,057</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(1,443</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">21,455</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(513</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">23,602</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(930</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential mortgage pass-through securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">185,442</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(6,174</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">106,190</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(2,491</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">79,252</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(3,683</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial mortgage pass-through securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,843</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(110</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,843</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(110</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Obligations of U.S. states and political subdivisions</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">78,481</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(3,903</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">33,733</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(877</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">44,748</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(3,026</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Corporate bonds and notes</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">15,655</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(439</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11,008</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(124</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,647</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(315</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Asset-backed securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,113</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(13</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,303</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(8</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,810</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(5</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left; padding-left: 30pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Total temporarily impaired securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">332,591</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(12,082</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">178,532</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; 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white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(7,959</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr> <td colspan="22">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left">&#160;</td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="20" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">December 31, 2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Less than 12 Months</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; 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white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Losses</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; white-space: nowrap; text-align: left"></td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Value</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td colspan="3" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Losses</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; white-space: nowrap; text-align: left"></td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Value</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; white-space: nowrap; text-align: left"></td> <td colspan="3" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Losses</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="20" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; 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white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 30pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Available-for-Sale:</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Federal agency obligation</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">39,813</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(416</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">28,407</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(213</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11,406</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(203</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential mortgage pass-through securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">148,574</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(1,948</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">117,556</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(1,146</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">31,018</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(802</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial mortgage pass-through securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,198</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(3</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,198</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(3</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Obligations of U.S. states and political subdivisions</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">57,685</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(1,334</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">17,909</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(246</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">39,776</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(1,088</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Trust preferred securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,469</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(111</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,469</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(111</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Corporate bonds and notes</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11,074</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(271</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,965</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(21</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">9,109</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(250</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Asset-backed securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">7,428</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(37</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">993</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(2</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">6,435</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(35</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Equity securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11,116</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(350</font></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11,116</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(350</font></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total temporarily impaired securities</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">278,357</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(4,470</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">168,028</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(1,631</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">110,329</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(2,839</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr></table></div> <div><p style="text-align: left"><font style="font: x-small Times New Roman"><b>Note 6. Loans and the Allowance for Loan Losses</b></font></p> <p style="text-align: left; text-indent: 15pt"><u><font style="font: x-small Times New Roman">Loans Receivable</font></u><font style="font: x-small Times New Roman">: Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of deferred loan fees and costs, premiums and discounts related to purchase accounting, and an allowance for loan losses. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Loan segments are defined as a group of loans, which share similar initial measurement attributes, risk characteristics, and methods for monitoring and assessing credit risk. Management has determined that the Company has five segments of loans: commercial, commercial real estate, commercial construction, residential real estate (including home equity) and consumer.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The recognition of interest income on commercial, commercial real estate, commercial construction and residential loans is discontinued at the time the loan is 90 days delinquent unless the loan is well-secured and in process of collection. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. Nonaccrual loans and loans past due 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. A loan is moved to nonaccrual status in accordance with the Company&#8217;s policy, typically after 90 days of non-payment.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The policy of the Company is to generally grant commercial, residential and consumer loans to residents and businesses within our market area. The borrowers&#8217; abilities to repay their obligations are dependent upon various factors including the borrowers&#8217; income and net worth, cash flows generated by the borrowers&#8217; underlying collateral, value of the underlying collateral, and priority of the lender&#8217;s lien on the property. Such factors are dependent upon various economic conditions and individual circumstances beyond the control of the Company. The Company is therefore subject to risk of loss. The Company believes its lending policies and procedures adequately minimize the potential exposure to such risks and that adequate provisions for loan losses are provided for all known and inherent risks. Collateral and/or personal guarantees are required for a large majority of the Company&#8217;s loans.</font></p> <p style="text-align: left; text-indent: 15pt"><u><font style="font: x-small Times New Roman">Loans Held-for-Sale</font></u><font style="font: x-small Times New Roman">: Residential mortgage loans, originated and intended for sale in the secondary market, are carried at the lower of aggregate cost or estimated fair value as determined by outstanding commitments from investors. For these loans originated and intended for sale, gains and losses on loan sales (sale proceeds minus carrying value) are recorded in other income and direct loan origination costs and fees are deferred at origination of the loan and are recognized in other income upon sale of the loan.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Other loans held-for-sale are carried at the lower of aggregate cost or estimated fair value. Fair value of these loans is determined based on the terms of the loan, such as interest rate, maturity date, reset term, as well as sales of similar assets.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Net unrealized losses, if any, are recorded as a valuation allowance and charged to earnings.</font></p> <p style="text-align: left; text-indent: 15pt"><u><font style="font: x-small Times New Roman">Allowance for Loan Losses</font></u><font style="font: x-small Times New Roman">: The allowance for loan losses is a valuation allowance for probable incurred credit losses. Losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. Management estimates the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management&#8217;s judgment, should be charged off. The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">A loan is impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans, for which the terms have been modified, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings (&#8220;TDRs&#8221;) and classified as impaired. As part of the evaluation of impaired loans, the Company individually reviews for impairment all non-homogeneous loans internally classified as substandard or below. Generally, smaller impaired non-homogeneous loans and impaired homogeneous loans are collectively evaluated for impairment.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management 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&#8217;s prior payment record, and the amount of the shortfall in relation to the principal and interest owed.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">TDRs are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan&#8217;s effective rate at inception. If a TDR is considered to be a collateral dependent loan, impairment of the loan is measured using the fair value of the collateral. For TDRs that subsequently default, the Company determines the amount of reserve in accordance with the accounting policy for the allowance for loan losses.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The general component covers non-impaired loans and is based on historical loss experience adjusted for current factors. The historical loss experience, the primary factor, is determined by loan class and is based on the actual loss history experienced by the Bank over an actual three-year rolling calculation. This actual loss experience is supplemented with other economic factors based on the risks present for each portfolio category and with the exogenous factor adjustments based on the risks present for each loan category. These exogenous factors include consideration of the following: concentrations of credit; delinquency &#38; nonaccrual trends; economic &#38; business conditions including evaluation of the national and regional economies and industries with significant loan concentrations; external factors including legal, regulatory or competitive pressures that may impact the loan portfolio; changes in the experience, ability, or size of the lending staff, management, or board of directors that may impact the loan portfolio; changes in underwriting standards, collection procedures, charge-off practices, or other changes in lending policies and procedures that may impact the loan portfolio; loss and recovery trends; changes in portfolio size and mix; and trends in problem loans.</font></p> <p style="text-align: left; text-indent: 15pt"><u><font style="font: x-small Times New Roman">Purchased Credit-Impaired Loans</font></u><font style="font: x-small Times New Roman">: The Company acquires groups of loans in conjunction with mergers, some of which have shown evidence of credit deterioration since origination. These purchased credit-impaired loans are recorded at their estimated fair value, such that there is no carryover of the seller&#8217;s allowance for loan losses (&#8220;ALLL&#8221;). After acquisition, probable incurred credit losses are recognized by an increase in the ALLL.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Such purchased credit-impaired loans (&#8220;PCI&#8221;) are identified on an individual basis. The Company estimates the amount and timing of expected cash flows for each loan and the expected cash flows in excess of amount paid is recorded as interest income over the remaining life of the loan (accretable yield). The excess of the loan&#8217;s contractual principal and interest over expected cash flows is not recorded (nonaccretable difference).</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">A PCI loan may be resolved either through a sale of the loan, by working with the customer and obtaining partial or full repayment, by short sale of the collateral, or by foreclosure. A gain or loss on resolution would be recognized based on the difference between the proceeds received and the carrying amount of the loan.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">PCI loans that met the criteria for nonaccrual may be considered performing, regardless of whether the customer is contractually delinquent, if management can reasonably estimate the timing and amount of the expected cash flows on such loans and if management expects to fully collect the new carrying value of the loans. As such, management may no longer consider the loans to be nonaccrual or nonperforming and may accrue interest on these loans, including the impact of any accretable discount.</font></p> <p style="text-align: left; text-indent: 15pt"><u><font style="font: x-small Times New Roman"><b>Loans receivable</b></font></u> <font style="font: x-small Times New Roman">- The following table sets forth the composition of the Company&#8217;s loan portfolio, including net deferred loan fees, at September 30, 2018 and December 31, 2017:</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 80%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">December 31,</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">2018</font></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="7" style="width: 9%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">933,169</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">824,082</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,739,943</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,592,909</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">494,206</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">483,216</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">295,948</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">271,795</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Consumer</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid; background-color: #c0c0c0"><font style="font: x-small Times New Roman">2,508</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid; background-color: #c0c0c0"><font style="font: x-small Times New Roman">2,808</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Gross loans</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,465,774</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,174,810</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Net deferred loan fees</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid; background-color: #c0c0c0"><font style="font: x-small Times New Roman">(3,287</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid; background-color: #c0c0c0"><font style="font: x-small Times New Roman">)</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid; background-color: #c0c0c0"><font style="font: x-small Times New Roman">(3,354</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid; background-color: #c0c0c0"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total loans receivable</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 2pt double"><font style="font: x-small Times New Roman">4,462,487</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double"></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 2pt double"><font style="font: x-small Times New Roman">4,171,456</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double"></td></tr></table></div> <br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">At September 30, 2018 and December 31, 2017, loan balances of approximately $2.2 billion and $1.9 billion, respectively, were pledged to secure borrowings from the FHLB of New York.</font></p> <p style="text-align: left; text-indent: 15pt"><u><font style="font: x-small Times New Roman"><b>Loans held-for-sale</b></font></u> <font style="font: x-small Times New Roman"><b>- </b></font><font style="font: x-small Times New Roman">The following table sets forth the composition of the Company&#8217;s loans held-for-sale portfolio at September 30, 2018 and December 31, 2017:</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 80%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 91%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">December 31,</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">2018</font></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="5" style="width: 7%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">24,475</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">270</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">370</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total carrying amount</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 2pt double; background-color: #c0c0c0"><font style="font: x-small Times New Roman">270</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; 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text-align: center"><font style="font: x-small Times New Roman">Three Months</font> <font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;</td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Three Months</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Ended</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Ended</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font> <font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;</td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">2018</font></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="6" style="width: 8%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Balance at July 1,</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">12,325</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Reduction from loans paid off</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(38</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Increase in valuation allowance</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid; background-color: #c0c0c0"><font style="font: x-small Times New Roman">3,000</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Balance at September 30,</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 2pt double"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$</font></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 2pt double"><font style="font: x-small Times New Roman">15,287</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double"></td></tr></table><br /> <table cellspacing="0" cellpadding="0" border="0" style="width: 80%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Nine Months</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Nine Months</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Ended</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Ended</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font> <font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;</td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">2018</font></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="6" style="width: 8%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Balance at January 1,</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></font></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Reduction from loans paid off</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(38</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 90%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Increase in valuation allowance</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; 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white-space: nowrap; text-align: left; border-bottom: #000000 2pt double"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$</font></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 2pt double"><font style="font: x-small Times New Roman">15,287</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double"></td></tr></table></div> <br /> <p style="text-align: left; text-indent: 15pt"><u><font style="font: x-small Times New Roman"><b>Purchased Credit-Impaired Loans</b></font></u><font style="font: x-small Times New Roman"><b>: </b></font><font style="font: x-small Times New Roman">The Company holds purchased loans for which there was, at their acquisition date, evidence of deterioration of credit quality since their origination and it was probable, at acquisition, that all contractually required payments would not be collected. The recorded investment of those loans is as follows at September 30, 2018 and December 31, 2017.</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 80%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">December 31,</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">2018</font></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="5" style="width: 9%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">2,524</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">2,683</font></td></tr></table></div> <br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">For those purchased loans disclosed above, the Company did not increase the allowance for loan losses during either the three or nine months ended September 30, 2018 and September 30, 2017. 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white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">2,496</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Accretion of income</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">(63</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">)</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; 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white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Nine Months</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Nine Months</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Ended</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Ended</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2018</font></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="width: 4%; 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white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">1,387</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">2,860</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Accretion of income</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">(191</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">)</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">(544</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">)</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 89%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Balance at September 30,</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 2pt double; background-color: #c0c0c0"><font style="font: x-small Times New Roman">1,196</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double; 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white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">December 31,</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 91%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">2018</font></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 91%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="5" style="width: 7%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 91%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">29,562</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">47,363</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 91%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">15,927</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">12,757</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 91%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">2,934</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 91%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">4,592</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">5,493</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 91%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total nonaccrual loans</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 2pt double; background-color: #c0c0c0"><font style="font: x-small Times New Roman">53,015</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; 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The taxi medallion loan portfolio was classified as substandard and impaired as of September 30, 2018 and December 31, 2017.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The Company continuously monitors the credit quality of its loans receivable. In addition to its internal monitoring, the Company utilizes the services of a third-party loan review firm to periodically validate the credit quality of its loans receivable on a sample basis. Credit quality is monitored by reviewing certain credit quality indicators. Assets classified &#8220;Pass&#8221; are deemed to possess average to superior credit quality, requiring no more than normal attention. Assets classified as &#8220;Special Mention&#8221; have generally acceptable credit quality yet possess higher risk characteristics/circumstances than satisfactory assets. Such conditions include strained liquidity, slow pay, stale financial statements, or other conditions that require more stringent attention from the lending staff. These conditions, if not corrected, may weaken the loan quality or inadequately protect the Company&#8217;s credit position at some future date. Assets are classified &#8220;Substandard&#8221; if the asset has a well-defined weakness that requires management&#8217;s attention to a greater degree than for loans classified special mention. Such weakness, if left uncorrected, could possibly result in the compromised ability of the loan to perform to contractual requirements. An asset is classified as &#8220;Doubtful&#8221; if it is inadequately protected by the net worth and/or paying capacity of the obligor or of the collateral, if any, that secures the obligation. Assets classified as doubtful include assets for which there is a &#8220;distinct possibility&#8221; that a degree of loss will occur if the inadequacies are not corrected. All loans past due 90 days or greater and all impaired loans are included in the appropriate category below.</font></p> <p style="text-align: left; text-indent: 15pt"><u><font style="font: x-small Times New Roman"><b>Credit Quality Indicators</b></font></u><font style="font: x-small Times New Roman"><b> - </b></font><font style="font: x-small Times New Roman">The following table presents information, excluding loans held-for-sale and net deferred loan fees, about the Company&#8217;s loan credit quality at September 30, 2018 and December 31, 2017:</font></p> <table cellspacing="0" cellpadding="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="14" style="width: 19%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">September 30, 2018</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Special</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Pass</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid">&#160;&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Mention</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid">&#160;&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Substandard</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid">&#160;&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Doubtful</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid">&#160;&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Total</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="14" style="width: 19%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial <sup>(1)</sup></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">887,024</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">12,639</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">33,506</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">- </font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">933,169</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,699,338</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">10,651</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">29,954</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,739,943</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">481,226</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5,458</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">7,522</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">494,206</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">291,223</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,725</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">295,948</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Consumer</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2,484</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">24</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2,508</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Gross loans</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">4,361,295</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">28,748</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">75,731</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">-</font></font></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">4,465,774</font></td></tr> <tr> <td colspan="16" style="width: 100%">&#160; </td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="14" style="width: 19%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">December 31, 2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Special</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Pass</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Mention</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Substandard</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Doubtful</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Total</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="14" style="width: 19%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">767,020</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,764</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">53,298</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman"></font></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$</font></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">824,082</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,534,973</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">34,335</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">23,601</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,592,909</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">475,066</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5,521</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,629</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">483,216</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">266,163</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5,632</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">271,795</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Consumer</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2,767</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">41</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2,808</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Gross loans</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">4,045,989</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">43,620</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">85,201</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman"><em>-</em></font></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman"></font></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$</font></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">4,174,810</font></td></tr></table> <br /> <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: normal; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 1%; white-space: nowrap; text-align: right; vertical-align: top"><font style="font: x-small Times New Roman"><sup>(1)</sup></font></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 98%; text-align: left"><font style="font: x-small Times New Roman">Reflects a $17.0 million charge-off related to the taxi medallion loans classified as &#147;substandard&#148;.</font></td></tr> </table><br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following table provides an analysis of the impaired loans by category as of September 30, 2018 and December 31, 2017:</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 60%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="8" style="width: 11%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">September 30, 2018</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Unpaid</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Recorded</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Principal</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; text-align: center"><font style="font: x-small Times New Roman">Related</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Investment</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Balance</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Allowance</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman">No related allowance recorded</font></u></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="8" style="width: 11%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">31,471</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">92,452</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">21,483</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">21,636</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">10,428</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">10,429</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,237</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,533</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Consumer</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total (no related allowance)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">65,619</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">127,050</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr> <td colspan="10" style="width: 100%">&#160;&#160;</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman">With an allowance recorded</font></u></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">8,529</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">8,529</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">709</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">263</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">266</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">32</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total (with allowance)</font></td> <td style="border-top-style: none; 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white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">8,795</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">741</font></td></tr> <tr> <td colspan="10" style="width: 100%">&#160;&#160;</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman">Total</font></u></td> <td style="border-top-style: none; 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border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">30,012</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">30,165</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">709</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">10,428</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; 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white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,500</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,799</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">32</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; 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border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; 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border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Unpaid</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left">&#160;</td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Recorded</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Principal</font></td> <td style="border-top-style: none; border-top-width: medium; 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white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">101,066</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">23,905</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">23,976</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">6,662</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">6,662</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,203</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,442</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Consumer</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total (no related allowance)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">83,531</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">135,146</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr> <td colspan="10" style="width: 100%">&#160;&#160;</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman">With an allowance recorded</font></u></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">1,133</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">1,133</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">39</font></td></tr> <tr> <td colspan="10" style="width: 100%">&#160; </td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman">Total</font></u></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">49,761</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">101,066</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">25,038</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">25,109</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">39</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">6,662</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">6,662</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,203</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,442</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Consumer</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 88%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">84,664</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">136,279</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">39</font></td></tr></table></div><br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following table provides an analysis related to the average recorded investment and interest income recognized on impaired loans by category as of and for the three and nine months ended September 30, 2018 and 2017:</font></p> <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="11" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Three Months Ended September 30,</font></td> <td style="white-space: nowrap; text-align: left"></td> <td colspan="11" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font><font style="font: xx-small Times New Roman">Nine Months Ended September 30,</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td> <td colspan="5" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">2018</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td colspan="5" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">2017</font></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td colspan="5" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font><font style="font: xx-small Times New Roman">2018</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="5" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font><font style="font: xx-small Times New Roman">2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Average</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Interest</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Average</font></td> <td style="white-space: nowrap; text-align: right"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Interest</font></td> <td style="white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Average</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; 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text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="text-align: center"><font style="font: xx-small Times New Roman">Recorded</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Income</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Recorded</font></td> <td style="white-space: nowrap; 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white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Investment</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">&#160;&#160;&#160; </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Recognized</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160; </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Investment</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">&#160;&#160;&#160; </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Recognized</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td> <td colspan="23" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 67%; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"><u>Impaired loans (no allowance):</u></font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Commercial <sup>(1)</sup></font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">31,769</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">36</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">3,100</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">34</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">39,132</font></td> <td style="border-top-style: none; 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border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">105</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">19,302</font></td> <td style="white-space: nowrap; text-align: right"></td> <td colspan="2" style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">221</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">21,714</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">475</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">18,813</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; 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text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">92</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">4,285</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">63</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">11,718</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">387</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">4,273</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">215</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Residential real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,249</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,529</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,304</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,551</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">6</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Consumer</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">48</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">54</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">65,872</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">233</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">29,264</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"><font style="font: xx-small Times New Roman">$</font></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">321</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">74,868</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">964</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">28,840</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">762</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"><u>Impaired loans (allowance):</u></font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Commercial real estate </font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">8,534</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">11</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1,645</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">8,544</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">34</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1,654</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">39</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Residential real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">264</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">267</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">8,798</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">11</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1,645</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">8,811</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">34</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1,654</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">39</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><u><font style="font: xx-small Times New Roman">Total impaired loans:</font></u></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Commercial <sup>(1)</sup></font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">31,769</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">36</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">3,100</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">34</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">39,132</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">102</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">3,149</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">115</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Commercial real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">30,091</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">116</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">20,947</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">223</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">30,258</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">509</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">20,467</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">463</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Commercial construction</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">10,297</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">92</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">4,285</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">63</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">11,718</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">387</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">4,273</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">215</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Residential real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,513</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,259</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,571</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,551</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">6</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Consumer</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">48</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">54</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">74,670</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">244</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">30,909</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"><font style="font: xx-small Times New Roman">$</font></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">323</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">83,679</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">998</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">30,494</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">801</font></td></tr></table> <br /> <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: normal; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 1%; white-space: nowrap; text-align: right; vertical-align: top"><font style="font: x-small Times New Roman"><sup>(1)</sup></font></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 98%; text-align: left"><font style="font: x-small Times New Roman">Reflects the entire taxi medallion portfolio moving back to the loans held-for-investment category from the loans held-for-sale category in November 2017.</font></td></tr> </table><br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Included in impaired loans at September 30, 2018 and December 31, 2017 are loans that are deemed troubled debt restructurings. The recorded investment in loans include accrued interest receivable and other capitalized costs such as real estate taxes paid on behalf of the borrower and loan origination fees, net, when applicable. Cash basis interest and interest income recognized on accrual basis approximate each other.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following table provides an analysis of the aging of gross loans (excluding loans held-for-sale) that are past due at September 30, 2018 and December 31, 2017 by segment:</font></p> <p style="text-align: left"><font style="font: x-small Times New Roman"><b>Aging Analysis</b></font></p> <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="20" style="width: 31%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">September 30, 2018</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; width: 5%; text-align: center"><font style="font: x-small Times New Roman">90 Days or</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 5%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Greater Past</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Total Past</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">30-59 Days</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; 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border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160; </td> <td colspan="2" style="width: 4%; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Past Due</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160; </td> <td colspan="2" style="width: 4%; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Past Due</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160; </td> <td colspan="2" style="width: 5%; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Accruing</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Nonaccrual</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right">&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Nonaccrual</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Current</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Gross Loans</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="20" style="width: 31%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">233</font></td> <td style="border-top-style: none; 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border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">29,562</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">31,689</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">901,480</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">933,169</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,190</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 4%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">15,927</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">19,117</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,720,826</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,739,943</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 4%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,934</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,934</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">491,272</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">494,206</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">6</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 4%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,592</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,598</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">291,350</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left; text-align: right"><font style="font: x-small Times New Roman">295,948</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Consumer</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">288</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 4%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">288</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2,220</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2,508</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">527</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">3,436</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 4%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">1,648</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">53,015</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">58,626</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">4,407,148</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">4,465,774</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left">&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="20" style="width: 31%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td></tr> <tr style="vertical-align: bottom"> <td colspan="22" style="width: 100%; text-align: left"> <p style="text-align: left; line-height: normal; text-indent: 15pt"><font style="font: x-small Times New Roman">Included in the 90 days or greater past due and still accruing category as of September 30, 2018 are purchased credit-impaired loan, net of its fair value marks, which accretes income per its valuation at date of acquisition.</font></p></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left">&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="20" style="width: 31%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="20" style="width: 31%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Dec</font><font style="font: x-small Times New Roman">ember 31, 2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 5%; text-align: center"><font style="font: x-small Times New Roman">90 Days or</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 5%; text-align: center"><font style="font: x-small Times New Roman">Greater Past</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Total Past</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; text-align: center"><font style="font: x-small Times New Roman">30-59 Days</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; text-align: center"><font style="font: x-small Times New Roman">60-89 Days</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 5%; text-align: center"><font style="font: x-small Times New Roman">Due and Still</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Due and</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Past Due</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Past Due</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 5%; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Accruing</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Nonaccrual</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Nonaccrual</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Current</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Gross Loans</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="20" style="width: 31%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,708</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">183</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 4%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,664</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">47,363</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">50,918</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">773,164</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">824,082</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">545</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,475</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 4%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">12,757</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">14,777</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,578,132</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,592,909</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 4%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">483,216</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">483,216</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,578</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 4%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5,493</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">7,071</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">264,724</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">271,795</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Consumer</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">18</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 4%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">18</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2,790</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2,808</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">3,849</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">1,658</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 4%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">1,664</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">65,613</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">72,784</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">4,102,026</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">4,174,810</font></td></tr></table><br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Included in the 90 days or greater past due and still accruing category as of December 31, 2017 are purchased credit-impaired loan, net of its fair value marks, which accretes income per its valuation at date of acquisition.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following tables detail, at the period-end presented, the amount of gross loans (excluding loans held-for-sale) that are evaluated individually, and collectively, for impairment, those acquired with deteriorated credit quality, and the related portion of the allowance for loan losses (&#8220;ALLL&#8221;) that are allocated to each loan portfolio segment:</font></p> <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="20" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">September 30, 2018</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Residential</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Commercial</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">real estate</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">construction</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">real estate</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Consumer</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Unallocated</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Total</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="20" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 72%; white-space: nowrap; text-align: left"><u><font style="font: xx-small Times New Roman">ALLL</font></u></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Individually evaluated for impairment</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">709</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">32</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">741</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Collectively evaluated for impairment</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">9,749</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">16,569</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">4,790</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1,183</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">3</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">564</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">32,858</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Acquired portfolio</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">200</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">950</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1,150</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Acquired with deteriorated credit quality</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">9,949</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">18,228</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">4,790</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">1,215</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">3</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">564</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">34,749</font></td></tr> <tr> <td colspan="22">&#160;&#160;</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><u><font style="font: xx-small Times New Roman">Gross loans</font></u></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Individually evaluated for impairment</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">31,471</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">30,012</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">10,428</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,500</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">74,411</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Collectively evaluated for impairment</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">891,514</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,438,638</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">483,778</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">247,211</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,123</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">4,063,264</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Acquired portfolio</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">7,660</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">271,293</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">46,237</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">385</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">325,575</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Acquired with deteriorated credit quality</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,524</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,524</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">933,169</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">2,739,943</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">494,206</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">295,948</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">2,508</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">4,465,774</font></td></tr> <tr> <td colspan="22">&#160; </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="20" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">December 31, 2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Residential</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">real estate</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">construction</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">real estate</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Consumer</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Unallocated</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td colspan="2" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: xx-small Times New Roman">Total</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="20" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><u><font style="font: xx-small Times New Roman">ALLL</font></u></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Individually evaluated for impairment</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">39</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">39</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Collectively evaluated for impairment</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">8,032</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">15,472</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">4,747</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1,051</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">605</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">29,909</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Acquired portfolio</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">200</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1,600</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1,800</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Acquired with deteriorated credit quality</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">8,232</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">17,111</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">4,747</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">1,051</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">2</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">605</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">31,748</font></td></tr> <tr> <td colspan="22">&#160; </td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><u><font style="font: xx-small Times New Roman">Gross loans</font></u></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Individually evaluated for impairment</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">49,761</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">25,038</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">6,662</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">3,203</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">84,664</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Collectively evaluated for impairment</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">757,923</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,190,686</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">476,554</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">212,350</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,338</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">3,639,851</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Acquired portfolio</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">13,715</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">377,185</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">56,242</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">470</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">447,612</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Acquired with deteriorated credit quality</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,683</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,683</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">824,082</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">2,592,909</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">483,216</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">271,795</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">2,808</font></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-right-style: none; border-left-style: none; border-top-width: medium; border-right-width: medium; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: xx-small Times New Roman">4,174,810</font></td></tr></table> <br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The Company&#8217;s allowance for loan losses is analyzed quarterly. Many factors are considered, including growth in the portfolio, delinquencies, nonaccrual loan levels, and other factors inherent in the extension of credit. There have been no material changes to the allowance for loan losses (&#8220;ALLL&#8221;) methodology as disclosed in the Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2017.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">A summary of the activity in the ALLL is as follows:</font></p> <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="24" style="width: 31%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Three Months Ended September 30, 2018</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right">&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right">&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160; </td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right">&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Residential</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right">&#160;&#160;&#160; </td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">real estate</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">construction</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">real estate</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Consumer</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Unallocated</font></td> <td style="border-top: Black medium none; border-right: Black medium none; border-bottom: Black 1pt solid; border-left: Black medium none; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Total</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="24" style="width: 31%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Balance at June 30, 2018</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">8,960</font></td> <td style="border-top-style: none; 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white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">33,594</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="background-color: Silver"> <td colspan="26" style="width: 100%">&#160; </td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Charge-offs</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; 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width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(6</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(6</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td></tr> <tr> <td colspan="26" style="width: 100%">&#160; </td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Recoveries</font></td> <td style="border-top-style: none; 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white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">61</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="background-color: Silver"> <td colspan="26" style="width: 100%">&#160; 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white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">7</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">(22</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">)</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">48</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">1</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">133</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">1,100</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left">&#160; </td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 68%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Balance at September 30, 2018</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">9,949</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">18,228</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">4,790</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">1,215</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">3</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">564</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">34,749</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"></td></tr> <tr> <td colspan="26" style="width: 100%">&#160; </td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="24" style="width: 31%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Three Months Ended September 30, 2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="3" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="border-top-style: none; 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text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right; 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white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">15,389</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,241</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; text-align: right"><font style="font: x-small Times New Roman">$</font><font style="font: x-small Times New Roman">985</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; 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text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">17</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">20</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="background-color: Silver"> <td colspan="26" style="width: 100%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="width: 68%; white-space: nowrap; 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Modifications may include interest rate reductions, principal or interest forgiveness, forbearance, and other actions intended to minimize economic loss and to avoid foreclosure or repossession of collateral. Generally, a nonaccrual loan that has been modified in a TDR remains on nonaccrual status for a period of nine months to demonstrate that the borrower is able to meet the terms of the modified loan. However, performance prior to the modification, or significant events that coincide with the modification, are included in assessing whether the borrower can meet the new terms and may result in the loan being returned to accrual status at the time of loan modification or after a shorter performance period. 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text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td> <td colspan="2" style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">13,818</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Net additions</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">18,913</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td colspan="2" style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">10,378</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Payoffs/paydowns</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(7,094</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(3,098</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Transfers</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td colspan="2" style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(580</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Ending balance</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">32,337</font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td colspan="2" style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">20,518</font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr></table></div> <br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">TDRs totaled $32.3 million at September 30, 2018, of which $21.1 million were on nonaccrual status and $11.2 million were performing under restructured terms. At December 31, 2017, TDRs totaled $20.5 million, of which $5.6 million were on nonaccrual status and $14.9 million were performing under restructured terms. TDRs as of September 30, 2018 increased the ALLL during the three and nine months ended September 30, 2018 by $-0- and $147 thousand, respectively. During the nine months ended September 30, 2018, one commercial construction loan and one commercial real estate loan showed collateral improvement, resulting in approximately $136 thousand reduction in specific reserve allocations. There were no charge-offs in connection with a loan modification at the time of modification during the three and nine months ended September 30, 2018. There were no TDRs for which there was a payment default within twelve months following the modification during the three and nine months ended September 30, 2018.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following table presents loans by class modified as TDRs that occurred during the nine months ended September 30, 2018:</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 80%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: center"></td> <td style="white-space: nowrap; text-align: center"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Pre-Modification</font></td> <td style="white-space: nowrap; text-align: center"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Post-Modification</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: center"></td> <td style="white-space: nowrap; text-align: center"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Outstanding</font></td> <td style="white-space: nowrap; text-align: center"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Outstanding</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Number of</font></td> <td style="white-space: nowrap; text-align: center"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Recorded</font></td> <td style="white-space: nowrap; text-align: center"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Recorded</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160;&#160;</td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Loans</font></td> <td style="white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Investment</font></td> <td style="white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Investment</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><u>TDRs</u></font></td> <td style="white-space: nowrap; text-align: left"></td> <td colspan="7" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">31</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">15,737</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">15,737</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">209</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">209</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,839</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,839</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">454</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">454</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">Total</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">37</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">18,239</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">18,239</font></td></tr></table></div> <br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Included in the commercial loan segment of the troubled debt restructurings are 27 taxi medallion loans totaling $11.2 million. All 27 taxi medallion loans included above were on nonaccrual status prior to modification, and remain on nonaccrual status post-modification. All loan modifications during the nine months ended September 30, 2018 included interest rate reductions and maturity extensions.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">TDRs totaled $17.6 million at September 30, 2017, of which $4.8 million were on nonaccrual status and $12.8 million were performing under restructured terms. At December 31, 2016, TDRs totaled $13.8 million, of which $0.5 million were on nonaccrual status and $13.3 million were performing under restructured terms. TDRs as of September 30, 2017 did not increase the ALLL during the three and nine months ended September 30, 2017. There were no charge-offs in connection with a loan modification at the time of modification during the three or nine months ended September 30, 2017. There were no TDRs for which there was a payment default within twelve months following the modification during the three and nine months ended September 30, 2017.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following table presents loans by segment modified as troubled debt restructurings that occurred during the nine months ended September 30, 2017:</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 80%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Pre-Modification</font></td> <td style="white-space: nowrap; text-align: center"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Post-Modification</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Outstanding</font></td> <td style="white-space: nowrap; text-align: center"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Outstanding</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Number of</font></td> <td style="white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Recorded</font></td> <td style="white-space: nowrap; text-align: center"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Recorded</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160;&#160;</td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Loans</font></td> <td style="white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Investment</font></td> <td style="white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Investment</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><u>TDRs</u></font></td> <td style="white-space: nowrap; text-align: left"></td> <td colspan="7" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,042</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,042</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,589</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,589</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">17</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">17</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">Total</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5,648</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5,648</font></td></tr></table></div></div> <div><p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following table presents loans by class modified as TDRs that occurred during the nine months ended September 30, 2018:</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 80%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: center"></td> <td style="white-space: nowrap; text-align: center"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Pre-Modification</font></td> <td style="white-space: nowrap; text-align: center"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Post-Modification</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: center"></td> <td style="white-space: nowrap; text-align: center"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Outstanding</font></td> <td style="white-space: nowrap; text-align: center"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Outstanding</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Number of</font></td> <td style="white-space: nowrap; text-align: center"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Recorded</font></td> <td style="white-space: nowrap; text-align: center"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Recorded</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160;&#160;</td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Loans</font></td> <td style="white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Investment</font></td> <td style="white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Investment</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><u>TDRs</u></font></td> <td style="white-space: nowrap; text-align: left"></td> <td colspan="7" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">31</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">15,737</font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="background-color: #c0c0c0; width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">15,737</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">209</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">209</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,839</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,839</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">454</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">454</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">Total</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">37</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">18,239</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">18,239</font></td></tr></table></div> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman"></font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following table presents loans by segment modified as troubled debt restructurings that occurred during the nine months ended September 30, 2017:</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 80%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Pre-Modification</font></td> <td style="white-space: nowrap; text-align: center"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Post-Modification</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Outstanding</font></td> <td style="white-space: nowrap; text-align: center"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Outstanding</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Number of</font></td> <td style="white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Recorded</font></td> <td style="white-space: nowrap; text-align: center"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Recorded</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160;&#160;</td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Loans</font></td> <td style="white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Investment</font></td> <td style="white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Investment</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><u>TDRs</u></font></td> <td style="white-space: nowrap; text-align: left"></td> <td colspan="7" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,042</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,042</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,589</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,589</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">17</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">17</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman">Total</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5,648</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5,648</font></td></tr></table></div></div> <div><p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following table presents a rollforward of TDRs and the related changes to the allowance for loan losses (&#8220;ALLL&#8221;) that occurred for the periods presented:</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 60%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td colspan="7" style="border-top: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Nine Months Ended</font></td> <td style="border-top: Black 1pt solid; white-space: nowrap; text-align: center"></td> <td colspan="6" style="border-top: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Year Ended</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td colspan="7" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30, 2018</font></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"></td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">December 31, 2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td colspan="14" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td colspan="3" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Recorded</font></td> <td style="white-space: nowrap; text-align: center"></td> <td style="white-space: nowrap; text-align: center"></td> <td style="white-space: nowrap; text-align: center"></td> <td style="white-space: nowrap; text-align: center"></td> <td style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="3" style="white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Recorded</font></td> <td style="white-space: nowrap; text-align: center"></td> <td style="white-space: nowrap; text-align: center"></td> <td style="white-space: nowrap; text-align: center"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Investment</font></td> <td style="white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">ALLL</font></td> <td style="white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="3" style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Investment</font></td> <td style="white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">ALLL</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><u>TDRs</u></font></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 1%; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Beginning balance</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">20,518</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td> <td colspan="2" style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">13,818</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></font></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Net additions</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">18,913</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td colspan="2" style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">10,378</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Payoffs/paydowns</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(7,094</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(3,098</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Transfers</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td colspan="2" style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">(580</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">)</font></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: left"></td> <td style="background-color: #c0c0c0; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Ending balance</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">32,337</font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td colspan="2" style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">11</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">20,518</font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr></table></div></div> <div><p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following table provides an analysis related to the average recorded investment and interest income recognized on impaired loans by category as of and for the three and nine months ended September 30, 2018 and 2017:</font></p> <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="11" style="border-bottom: Black 1pt solid; 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text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Average</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman"></font></td> <td colspan="2" style="white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Interest</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td colspan="2" style="white-space: nowrap; 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border-left-width: medium; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160; </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Investment</font></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160; </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Recognized</font></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160; </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><font style="font: xx-small Times New Roman">Investment</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; 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width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Commercial <sup>(1)</sup></font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">31,769</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">36</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">3,100</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">34</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">39,132</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">102</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">3,149</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$&#160;&#160;&#160; </font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">115</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Commercial real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">21,557</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">105</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">19,302</font></td> <td style="white-space: nowrap; text-align: right"></td> <td colspan="2" style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">221</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">21,714</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">475</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">18,813</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">424</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Commercial construction</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">10,297</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">92</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">4,285</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">63</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">11,718</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">387</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">4,273</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">215</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Residential real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,249</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,529</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,304</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,551</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">6</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Consumer</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">48</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">54</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">65,872</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">233</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">29,264</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"><font style="font: xx-small Times New Roman">$</font></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">321</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">74,868</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">964</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">28,840</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">762</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"><u>Impaired loans (allowance):</u></font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Commercial real estate </font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">8,534</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">11</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1,645</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">8,544</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">34</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1,654</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">39</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Residential real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">264</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">267</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">8,798</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">11</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1,645</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">8,811</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">34</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1,654</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">39</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><u><font style="font: xx-small Times New Roman">Total impaired loans:</font></u></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Commercial <sup>(1)</sup></font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">31,769</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">36</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">3,100</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">34</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">39,132</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">102</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">3,149</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">115</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Commercial real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">30,091</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">116</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">20,947</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">223</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">30,258</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">509</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">20,467</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">463</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Commercial construction</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">10,297</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">92</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">4,285</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">63</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">11,718</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">387</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">4,273</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">215</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Residential real estate</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,513</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,259</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,571</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2,551</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">6</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Consumer</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">48</font></td> <td style="white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">1</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">-</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">54</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">2</font></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">Total</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">74,670</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">244</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">30,909</font></td> <td style="white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"><font style="font: xx-small Times New Roman">$</font></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">323</font></td> <td style="white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">83,679</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">998</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">30,494</font></td> <td style="border-top-style: none; border-top-width: medium; border-right-style: none; border-right-width: medium; border-left-style: none; border-left-width: medium; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman">$</font></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; text-align: right"><font style="font: xx-small Times New Roman">801</font></td></tr></table> <br /> <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: normal; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 1%; white-space: nowrap; text-align: right; vertical-align: top"><font style="font: x-small Times New Roman"><sup>(1)</sup></font></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 98%; text-align: left"><font style="font: x-small Times New Roman">Reflects the entire taxi medallion portfolio moving back to the loans held-for-investment category from the loans held-for-sale category in November 2017.</font></td></tr></table></div> <div><p style="text-align: left; text-indent: 15pt"><b><font style="font: x-small Times New Roman"></font></b><font style="font: x-small Times New Roman">The following table presents information, excluding loans held-for-sale and net deferred loan fees, about the Company&#8217;s loan credit quality at September 30, 2018 and December 31, 2017:</font></p> <table cellspacing="0" cellpadding="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="14" style="width: 19%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">September 30, 2018</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Special</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right">&#160;&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Pass</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid">&#160;&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Mention</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid">&#160;&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Substandard</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid">&#160;&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Doubtful</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid">&#160;&#160;&#160;&#160; </td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Total</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="14" style="width: 19%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial <sup>(1)</sup></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">887,024</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">12,639</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">33,506</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">- </font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">933,169</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,699,338</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">10,651</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">29,954</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,739,943</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">481,226</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5,458</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">7,522</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">494,206</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">291,223</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">4,725</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">295,948</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Consumer</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2,484</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">24</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2,508</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Gross loans</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">4,361,295</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">28,748</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">75,731</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">-</font></font></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">4,465,774</font></td></tr> <tr> <td colspan="16" style="width: 100%">&#160; </td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="14" style="width: 19%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">December 31, 2017</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Special</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Pass</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Mention</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Substandard</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Doubtful</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">Total</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td colspan="14" style="width: 19%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">767,020</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">3,764</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">53,298</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman"></font></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$</font></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">824,082</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,534,973</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">34,335</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">23,601</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,592,909</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Commercial construction</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">475,066</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5,521</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">2,629</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">483,216</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">266,163</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">5,632</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">271,795</font></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Consumer</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2,767</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">41</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 1pt solid"><font style="font: x-small Times New Roman">2,808</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 80%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Gross loans</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">4,045,989</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">43,620</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">85,201</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman"><em>-</em></font></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman"></font></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$</font></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: Black 2pt double"><font style="font: x-small Times New Roman">4,174,810</font></td></tr></table> <br /> <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: normal; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 1%; white-space: nowrap; text-align: right; vertical-align: top"><font style="font: x-small Times New Roman"><sup>(1)</sup></font></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 98%; text-align: left"><font style="font: x-small Times New Roman">Reflects a $17.0 million charge-off related to the taxi medallion loans classified as &#147;substandard&#148;.</font></td></tr></table></div> <div><p style="text-align: left"><font style="font: x-small Times New Roman"><b>Note 9. Stock Based Compensation</b></font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Restricted stock, options and restricted stock units typically have a three-year vesting period starting one year after the date of grant with one-third vesting each year. The options generally expire ten years from the date of grant. Restricted stock granted to new employees and board members may be granted with shorter vesting periods. Grants of performance units typically have a cliff vesting after three years or upon a change of control. All issuances are subject to forfeiture if the recipient leaves or is terminated prior to the awards vesting. Restricted shares have the same dividend and voting rights as common stock, while options, performance units and restricted stock units do not.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">All awards are issued at fair value of the underlying shares at the grant date. The Company expenses the cost of the awards, which is determined to be the fair market value of the awards at the date of grant, ratably over the vesting period. Forfeiture rates are not estimated but are handled on a case-by-case basis. Compensation expense for the three and nine months ended September 30, 2018 were $0.6 million and $1.3 million, respectively, while the compensation expense for the three and nine months ended September 30, 2017 were $0.5 million and $1.3 million, respectively.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">All awards are issued at fair value of the underlying shares at the grant date. The Company expenses the cost of the awards, which is determined to be the fair market value of the awards at the date of grant, ratably over the vesting period. Forfeiture rates are not estimated but are handled on a case-by-case basis.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Activity under the Company&#8217;s options as of and for the nine months ended September 30, 2018 was as follows:</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 80%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-style: none; border-width: medium; background-color: #ffffff"></td> <td style="width: 2%; white-space: nowrap; text-align: center; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: center; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-style: none; border-width: medium; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: center; background-color: #ffffff"></td> <td style="width: 2%; white-space: nowrap; text-align: center; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-style: none; border-width: medium; background-color: #ffffff"></td> <td style="width: 2%; white-space: nowrap; text-align: center; background-color: #ffffff"><font style="font: x-small Times New Roman">Weighted-</font></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-style: none; border-width: medium; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: center; background-color: #ffffff"></td> <td style="width: 2%; white-space: nowrap; text-align: center; background-color: #ffffff"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-style: none; border-width: medium; background-color: #ffffff"></td> <td style="width: 2%; white-space: nowrap; text-align: center; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: center; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-style: none; border-width: medium; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: center; background-color: #ffffff"></td> <td style="width: 2%; white-space: nowrap; text-align: center; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-style: none; border-width: medium; background-color: #ffffff"></td> <td style="width: 2%; white-space: nowrap; text-align: center; background-color: #ffffff"><font style="font: x-small Times New Roman">Average</font></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-style: none; 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white-space: nowrap; text-align: center; background-color: #ffffff"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-style: none; border-width: medium; background-color: #ffffff"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; background-color: #ffffff"><font style="font: x-small Times New Roman">Stock</font></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-style: none; border-width: medium; background-color: #ffffff"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; background-color: #ffffff"><font style="font: x-small Times New Roman">Exercise</font></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-style: none; border-width: medium; background-color: #ffffff"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; 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white-space: nowrap; text-align: right; border-style: none; border-width: medium; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; background-color: #ffffff"><font style="font: x-small Times New Roman">Granted</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-style: none; border-width: medium; background-color: #ffffff"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #ffffff"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium; background-color: #ffffff"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #ffffff"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Exercised</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-style: none; border-width: medium; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">&#160;&#160;&#160;&#160;&#160;(102,378</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">)</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">5.12</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-style: none; border-width: medium; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; background-color: #ffffff"><font style="font: x-small Times New Roman">Forfeited/cancelled/expired</font></td> <td style="width: 1%; 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white-space: nowrap; text-align: left; border-style: none; border-width: medium; background-color: #ffffff"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #ffffff"><font style="font: x-small Times New Roman">3,346,546</font></td></tr></table></div> <br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The aggregate intrinsic value of outstanding and exercisable options above represents the total pre-tax intrinsic value (the difference between the Company&#8217;s closing stock price on September 30, 2018 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on September 30, 2018. 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white-space: nowrap; text-align: right; border-style: none; border-width: medium; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">103,078</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">20.41</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 91%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Granted</font></td> <td style="width: 1%; 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white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;(58,002</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">)</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">20.33</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 91%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Forfeited/cancelled/expired</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-style: none; border-width: medium"><font style="font: x-small Times New Roman"></font></td> <td style="width: 3%; 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white-space: nowrap; text-align: right; border-bottom: #000000 2pt double; background-color: #c0c0c0"><font style="font: x-small Times New Roman">67,428</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">23.07</font></td></tr></table></div> <br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">As of September 30, 2018, there was approximately $920,000 of total unrecognized compensation cost related to nonvested restricted shares granted under the plans. 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border-style: none; border-width: medium"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Weighted</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Average Grant</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-style: none; border-width: medium"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Units</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium"></td> <td style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Units</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Date Fair</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-style: none; border-width: medium">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">(expected)</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 2%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">(maximum)</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">Value</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Unearned at December 31, 2017</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-style: none; border-width: medium; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">&#160;&#160;&#160;&#160;&#160;151,194</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">19.19</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Awarded</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-style: none; border-width: medium"><font style="font: x-small Times New Roman"></font></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">19,614</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">31.35</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Change in Estimate</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-style: none; border-width: medium; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">(15,172</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">)</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Vested</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-style: none; border-width: medium"><font style="font: x-small Times New Roman"></font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">(69,627</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">)</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">19.46</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Unearned at September 30, 2018</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-style: none; border-width: medium; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: #000000 2pt double; background-color: #c0c0c0"><font style="font: x-small Times New Roman">86,009</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 2pt double; background-color: #c0c0c0"><font style="font: x-small Times New Roman">151,772</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">22.06</font></td></tr></table></div><br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">At September 30, 2018, the specific number of shares related to performance units that were expected to vest was 86,009, determined by actual performance in consideration of the established range of the performance targets, which is consistent with the level of expense currently being recognized over the vesting period. Should this expectation change, additional compensation expense could be recorded in future periods or previously recognized expense could be reversed. At September 30, 2018 the maximum amount of performance units that ultimately could vest if performance targets were exceeded is 151,772.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">At September 30, 2018, compensation cost of approximately $822,000 related to non-vested performance units not yet recognized is expected to be recognized over a weighted-average period of 1.8 years. A total of -0- and 19,614 performance units were awarded during the three and nine months ended September 30, 2018, respectively.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">During the nine months ended September 30, 2018, 69,627 shares were issued in satisfaction of earned performance units. 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white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium"></td> <td style="width: 2%; white-space: nowrap; text-align: center"></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-style: none; border-width: medium"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Average Grant</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 93%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-style: none; border-width: medium"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Units</font></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-style: none; border-width: medium"></td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Date Fair</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 93%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-style: none; border-width: medium">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 2%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">(expected)</font></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-style: none; border-width: medium">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="width: 3%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">Value</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 93%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Unearned at December 31, 2017</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-style: none; border-width: medium; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 93%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Awarded</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-style: none; border-width: medium"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">29,423</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">31.35</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 93%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Forfeited</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-style: none; border-width: medium; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 93%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Vested</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-style: none; border-width: medium"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 93%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Unearned at September 30, 2018</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-style: none; border-width: medium; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 2pt double; background-color: #c0c0c0"><font style="font: x-small Times New Roman">29,423</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-style: none; border-width: medium; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 2%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">31.35</font></td></tr></table></div> <br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">At September 30, 2018, the specific number of shares related to restricted stock units that were expected to vest was approximately 29,423. Any forfeitures would result in previously recognized expense being reversed. A portion of the shares that vest will be repurchased to satisfy the tax obligations of the recipient.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">At September 30, 2018, compensation cost of approximately $756,000 related to non-vested restricted stock units, not yet recognized, is expected to be recognized over a weighted-average period of 2.4 years. A total of 29,423 and -0- restricted stock units were awarded during the nine months ended September 30, 2018 and 2017, respectively.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Effective January 1, 2017, the Company implemented ASU 2016-09, &#8220;</font><i><font style="font: x-small Times New Roman">Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment.&#8221; </font></i><font style="font: x-small Times New Roman">Under ASU 2016-09 all excess tax benefits and tax deficiencies related to share-based payment awards should be recognized as income tax expense or benefit in the income statement during the period in which they occur. Included in income tax expense for the nine months ended September 30, 2018 and September 30, 2017 is a benefit of approximately $887 thousand and $181 thousand, respectively, which resulted from the effect of implementing ASU 2016-09.</font></p></div> 1300000 1300000 600000 500000 <div><p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">For financial assets and liabilities measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at September 30, 2018 and December 31, 2017 are as follows:</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt"> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="8" style="width: 18%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><u><font style="font: x-small Times New Roman"></font></u><font style="font: x-small Times New Roman">September 30, 2018</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="8" style="width: 18%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">Fair Value Measurements at Reporting Date Using</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Quoted Prices</font></td> <td style="width: 2%; white-space: nowrap; text-align: center"></td> <td style="width: 2%; white-space: nowrap; text-align: center"></td> <td style="width: 3%; white-space: nowrap; text-align: center"></td> <td style="width: 2%; white-space: nowrap; text-align: center"></td> <td style="width: 2%; white-space: nowrap; text-align: center"></td> <td style="width: 3%; white-space: nowrap; text-align: center"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; 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white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">(Level 2)</font></td> <td style="width: 2%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="width: 5%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">(Level 3)</font></td></tr> <tr style="vertical-align: bottom"> <td></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="8" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">(dollars in thousands)</font></font></td> </tr> <tr style="vertical-align: bottom"> <td style="width: 75%; 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white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left"><font style="font: x-small Times New Roman">Assets</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left; background-color: #c0c0c0"><u><font style="font: x-small Times New Roman">Investment securities</font><font style="font: x-small Times New Roman">:</font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Available-for-sale:</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left; padding-left: 45pt; background-color: #c0c0c0; text-indent: -15pt"><font style="font: x-small Times New Roman">Federal agency obligations</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">47,534</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></font></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">47,534</font></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></font></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left; padding-left: 45pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Residential mortgage pass-through securities</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">190,551</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">190,551</font></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left; padding-left: 45pt; background-color: #c0c0c0; text-indent: -15pt"><font style="font: x-small Times New Roman">Commercial mortgage pass-through securities</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">3,843</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">3,843</font></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left; padding-left: 45pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Obligations of U.S. states and political subdivision</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">130,388</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">120,947</font></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">9,441</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left; padding-left: 45pt; background-color: #c0c0c0; text-indent: -15pt"><font style="font: x-small Times New Roman">Corporate bonds and notes</font></td> <td style="width: 1%; 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text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; background-color: #c0c0c0"><u><font style="font: x-small Times New Roman">Investment securities</font></u><font style="font: x-small Times New Roman">:</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Available-for-sale:</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 45pt; background-color: #c0c0c0; text-indent: -15pt"><font style="font: x-small Times New Roman">Federal agency obligations</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">56,022</font></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">56,022</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 45pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Residential mortgage pass-through securities</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">181,891</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">181,891</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 45pt; background-color: #c0c0c0; text-indent: -15pt"><font style="font: x-small Times New Roman">Commercial mortgage pass-through securities</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">4,054</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">4,054</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 45pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Obligations of U.S. states and political subdivision</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">131,128</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">121,496</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">9,632</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 45pt; background-color: #c0c0c0; text-indent: -15pt"><font style="font: x-small Times New Roman">Trust preferred securities</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">4,671</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">4,671</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 45pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Corporate bonds and notes</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">29,693</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">29,693</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 45pt; background-color: #c0c0c0; text-indent: -15pt"><font style="font: x-small Times New Roman">Asset-backed securities</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">12,050</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">12,050</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 45pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Certificates of deposit</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">625</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">625</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 45pt; background-color: #c0c0c0; text-indent: -15pt"><font style="font: x-small Times New Roman">Equity securities</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">11,728</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">11,728</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 45pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Other securities</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right"><font style="font: x-small Times New Roman">3,422</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right"><font style="font: x-small Times New Roman">3,422</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 15pt; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Total available-for-sale</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">435,284</font></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">15,150</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">410,502</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">9,632</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"><font style="font: x-small Times New Roman">Derivatives</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right"><font style="font: x-small Times New Roman">798</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right"><font style="font: x-small Times New Roman">798</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 15pt; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Total assets</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; border-bottom: #000000 2pt double; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; border-bottom: #000000 2pt double; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">436,082</font></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; border-bottom: #000000 2pt double; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; border-bottom: #000000 2pt double; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">15,150</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; border-bottom: #000000 2pt double; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; border-bottom: #000000 2pt double; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">411,300</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; border-bottom: #000000 2pt double; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; border-bottom: #000000 2pt double; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">9,632</font></td></tr></table></div></div> <div><p style="text-align: left"><font style="font: x-small Times New Roman"><b>Note 7. Fair Value Measurements and Fair Value of Financial Instruments</b></font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.</font></p> <p style="text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman"><i>Level 1: </i></font><font style="font: x-small Times New Roman">Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.</font></p> <p style="text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman"><i>Level 2: </i></font><font style="font: x-small Times New Roman">Quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.</font></p> <p style="text-align: left; padding-left: 30pt"><font style="font: x-small Times New Roman"><i>Level 3: </i></font><font style="font: x-small Times New Roman">Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (for example, supported with little or no market activity).</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">An asset&#8217;s or liability&#8217;s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company&#8217;s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company&#8217;s disclosures and those of other companies may not be meaningful.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman"><b>Assets and Liabilities Measured at Fair Value on a Recurring Basis</b></font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The following methods and assumptions were used to estimate the fair values of the Company&#8217;s assets measured at fair value on a recurring basis at September 30, 2018 and December 31, 2017: </font></p> <p style="text-align: left; text-indent: 15pt"><u><font style="font: x-small Times New Roman">Securities Available-for-Sale and Equity Securities</font></u><font style="font: small Times New Roman">: </font><font style="font: x-small Times New Roman">Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 inputs include securities that have quoted prices in active markets for identical assets. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. Examples of instruments which would generally be classified within Level 2 of the valuation hierarchy include municipal bonds and certain agency collateralized mortgage obligations. In certain cases where there is limited activity in the market for a particular instrument, assumptions must be made to determine the fair value of the instruments and these are classified as Level 3. When measuring fair value, the valuation techniques available under the market approach, income approach and/or cost approach are used. The Company&#8217;s evaluations are based on market data and the Company employs combinations of these approaches for its valuation methods depending on the asset class.</font></p> <p style="text-align: left; text-indent: 15pt"><u><font style="font: x-small Times New Roman">Derivatives</font></u><font style="font: x-small Times New Roman">: The fair value of derivatives is based on valuation models using observable market data as of the measurement date (level 2). Our derivatives are traded in an over-the-counter market where quoted market prices are not always available. Therefore, the fair values of derivatives are determined using quantitative models that utilize multiple market inputs. The inputs will vary based on the type of derivative, but could include interest rates, prices and indices to generate continuous yield or pricing curves, prepayment rate, and volatility factors to value the position. The majority of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">For financial assets and liabilities measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at September 30, 2018 and December 31, 2017 are as follows:</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt"> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="8" style="width: 18%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><u><font style="font: x-small Times New Roman"></font></u><font style="font: x-small Times New Roman">September 30, 2018</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="8" style="width: 18%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">Fair Value Measurements at Reporting Date Using</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Quoted Prices</font></td> <td style="width: 2%; white-space: nowrap; text-align: center"></td> <td style="width: 2%; white-space: nowrap; text-align: center"></td> <td style="width: 3%; white-space: nowrap; text-align: center"></td> <td style="width: 2%; white-space: nowrap; text-align: center"></td> <td style="width: 2%; white-space: nowrap; text-align: center"></td> <td style="width: 3%; white-space: nowrap; text-align: center"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">in Active</font></td> <td style="width: 2%; white-space: nowrap; text-align: center"></td> <td colspan="2" style="width: 5%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Significant</font></td> <td style="width: 2%; white-space: nowrap; text-align: center"></td> <td style="width: 2%; white-space: nowrap; text-align: center"></td> <td style="width: 3%; white-space: nowrap; text-align: center"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Markets for</font></td> <td style="width: 2%; white-space: nowrap; text-align: center"></td> <td colspan="2" style="width: 5%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Other</font></td> <td style="width: 2%; white-space: nowrap; text-align: center"></td> <td colspan="2" style="width: 5%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Significant</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Identical</font></td> <td style="width: 2%; white-space: nowrap; text-align: center"></td> <td colspan="2" style="width: 5%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Observable</font></td> <td style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 5%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Unobservable</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Assets</font></td> <td style="width: 2%; white-space: nowrap; text-align: center"></td> <td colspan="2" style="width: 5%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Inputs</font></td> <td style="width: 2%; white-space: nowrap; text-align: center"></td> <td colspan="2" style="width: 5%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Inputs</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="width: 4%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">(Level 1)</font></td> <td style="width: 2%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="width: 5%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">(Level 2)</font></td> <td style="width: 2%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="2" style="width: 5%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">(Level 3)</font></td></tr> <tr style="vertical-align: bottom"> <td></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="8" style="width: 4%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">(dollars in thousands)</font></font></td> </tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Recurring fair value measurements:</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left"><font style="font: x-small Times New Roman">Assets</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left; background-color: #c0c0c0"><u><font style="font: x-small Times New Roman">Investment securities</font><font style="font: x-small Times New Roman">:</font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Available-for-sale:</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left; padding-left: 45pt; background-color: #c0c0c0; text-indent: -15pt"><font style="font: x-small Times New Roman">Federal agency obligations</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">47,534</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></font></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">47,534</font></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></font></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left; padding-left: 45pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Residential mortgage pass-through securities</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">190,551</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">190,551</font></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left; padding-left: 45pt; background-color: #c0c0c0; text-indent: -15pt"><font style="font: x-small Times New Roman">Commercial mortgage pass-through securities</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">3,843</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">3,843</font></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left; padding-left: 45pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Obligations of U.S. states and political subdivision</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">130,388</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">120,947</font></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">9,441</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; text-align: left; padding-left: 45pt; background-color: #c0c0c0; text-indent: -15pt"><font style="font: x-small Times New Roman">Corporate bonds and notes</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">25,962</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">25,962</font></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 2%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 3%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 75%; 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white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">975</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">975</font></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 2%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"></td> <td style="width: 3%; white-space: nowrap; text-align: right; 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text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; background-color: #c0c0c0"><u><font style="font: x-small Times New Roman">Investment securities</font></u><font style="font: x-small Times New Roman">:</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Available-for-sale:</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 45pt; background-color: #c0c0c0; text-indent: -15pt"><font style="font: x-small Times New Roman">Federal agency obligations</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">56,022</font></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">56,022</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 45pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Residential mortgage pass-through securities</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">181,891</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">181,891</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 45pt; background-color: #c0c0c0; text-indent: -15pt"><font style="font: x-small Times New Roman">Commercial mortgage pass-through securities</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">4,054</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">4,054</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 45pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Obligations of U.S. states and political subdivision</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">131,128</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">121,496</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">9,632</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 45pt; background-color: #c0c0c0; text-indent: -15pt"><font style="font: x-small Times New Roman">Trust preferred securities</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">4,671</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">4,671</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 45pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Corporate bonds and notes</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">29,693</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">29,693</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 45pt; background-color: #c0c0c0; text-indent: -15pt"><font style="font: x-small Times New Roman">Asset-backed securities</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">12,050</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">12,050</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 45pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Certificates of deposit</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">625</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">625</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 45pt; background-color: #c0c0c0; text-indent: -15pt"><font style="font: x-small Times New Roman">Equity securities</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">11,728</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">11,728</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 45pt; text-indent: -15pt"><font style="font: x-small Times New Roman">Other securities</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right"><font style="font: x-small Times New Roman">3,422</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right"><font style="font: x-small Times New Roman">3,422</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 15pt; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Total available-for-sale</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">435,284</font></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">15,150</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">410,502</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">9,632</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"><font style="font: x-small Times New Roman">Derivatives</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right"><font style="font: x-small Times New Roman">798</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right"><font style="font: x-small Times New Roman">798</font></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: left"></td> <td style="white-space: nowrap; border-bottom: #000000 1pt solid; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 15pt; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Total assets</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; border-bottom: #000000 2pt double; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; border-bottom: #000000 2pt double; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">436,082</font></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; border-bottom: #000000 2pt double; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; border-bottom: #000000 2pt double; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">15,150</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; border-bottom: #000000 2pt double; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; border-bottom: #000000 2pt double; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">411,300</font></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="white-space: nowrap; border-bottom: #000000 2pt double; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="white-space: nowrap; border-bottom: #000000 2pt double; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">9,632</font></td></tr></table></div> <br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">There were no transfers between Level 1 and Level 2 during the quarter ended September 30, 2018 and during the year ended December 31, 2017.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman"><b>Assets Measured at Fair Value on a Nonrecurring Basis</b></font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The Company may be required periodically to measure certain assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of lower of cost or fair value accounting or impairment write-downs of individual assets. The following methods and assumptions were used to estimate the fair values of the Company&#8217;s assets measured at fair value on a nonrecurring basis at September 30, 2018 and December 31, 2017: </font></p> <p style="text-align: left; text-indent: 15pt"><u><font style="font: x-small Times New Roman">Loans Held-for-Sale</font></u><font style="font: small Times New Roman">: </font><font style="font: x-small Times New Roman">Residential mortgage loans, originated and intended for sale in the secondary market, are carried at the lower of aggregate cost or estimated fair value as determined by outstanding commitments from investors. For these loans originated and intended for sale, gains and losses on loan sales (sale proceeds minus carrying value) are recorded in other income and direct loan origination costs and fees are deferred at origination of the loan and are recognized in other income upon sale of the loan. Management obtains quotes or bids on all or part of these loans directly from the purchasing financial institutions (Level 2).</font></p> <p style="text-align: left; text-indent: 15pt"><u><font style="font: x-small Times New Roman">Impaired Loans</font></u><font style="font: small Times New Roman">: </font><font style="font: x-small Times New Roman">The Company may record adjustments to the carrying value of loans based on fair value measurements, generally as partial charge-offs of the uncollectible portions of these loans. These adjustments also include certain impairment amounts for collateral dependent loans calculated in accordance with GAAP. Impairment amounts are generally based on the fair value of the underlying collateral supporting the loan and, as a result, the carrying value of the loan less the calculated impairment amount applicable to that loan does not necessarily represent the fair value of the loan. Real estate collateral is valued using independent appraisals or other indications of value based on recent comparable sales of similar properties or assumptions generally observable by market participants. However, due to the substantial judgment applied and limited volume of activity as compared to other assets, fair value is based on Level 3 inputs. Estimates of fair value used for collateral supporting commercial loans generally are based on assumptions not observable in the market place and are also based on Level 3 inputs.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">For assets measured at fair value on a nonrecurring basis, the fair value measurements at September 30, 2018 and December 31, 2017 are as follows:</font></p> <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; border-collapse: collapse; line-height: 14pt"> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="8" style="width: 8%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">Fair Value Measurements at Reporting Date Using</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Quoted</font></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Prices</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">in Active</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Significant</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Markets for</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Other</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Significant</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Identical</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Observable</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Unobservable</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">September 30,</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font><font style="font: x-small Times New Roman">Assets</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Inputs</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Inputs</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"><u><font style="font: x-small Times New Roman">Assets measured at fair value on a nonrecurring basis:</font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">2018</font></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman"></font><font style="font: x-small Times New Roman">(Level 1)</font></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">(Level 2)</font></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">(Level 3)</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; vertical-align: top; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Impaired loans:</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="8" style="text-align: center; width: 1%; white-space: nowrap; text-align: left"> <p style="text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></p></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left; padding-left: 15pt; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">7,820</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">7,820</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Residential real estate</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">231</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">231</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left">&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="7" style="width: 7%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="8" style="width: 8%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">Fair Value Measurements at Reporting Date Using</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Quoted</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Prices</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">in Active</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Significant</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Markets for</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Other</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Significant</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Identical</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Observable</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Unobservable</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">December 31,</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font><font style="font: x-small Times New Roman">Assets</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Inputs</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Inputs</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; text-align: left"><u><font style="font: x-small Times New Roman">Assets measured at fair value on a nonrecurring basis:</font></u></td> <td style="width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">2017</font></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman"></font><font style="font: x-small Times New Roman">(Level 1)</font></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">(Level 2)</font></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">(Level 3)</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; vertical-align: top; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Impaired loans:</font></td> <td style="width: 1%; 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</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">1,094</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 1%; white-space: nowrap; text-align: right; 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white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 43%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 20%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Valuation</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 30%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Unobservable</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: center"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 43%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">Fair Value</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 20%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">Techniques</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 30%; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">Input</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">Range</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 43%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Impaired loans:</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 20%; white-space: nowrap; text-align: left"> <p style="text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></p></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="width: 30%; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; vertical-align: top; width: 43%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">7,820</font></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="vertical-align: top; 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width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$</font></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">231</font></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="vertical-align: top; width: 20%; text-align: left"><font style="font: x-small Times New Roman">Sales comparison approach</font></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="vertical-align: top; width: 30%; text-align: left"><font style="font: x-small Times New Roman">Adjustment for differences between the comparable sales</font></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">0% - 7% [2%]</font></td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; width: 43%; white-space: nowrap; text-align: left">&#160;</td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 20%; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 30%; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; width: 43%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman">December 31, 2017</font></u></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"><u><font style="font: x-small Times New Roman"></font></u></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 20%; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 30%; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; width: 43%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 20%; text-align: center"><font style="font: x-small Times New Roman">Valuation</font></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="vertical-align: top; width: 30%; 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width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 20%; text-align: left; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"><font style="font: xx-small Times New Roman"></font></td> <td style="vertical-align: top; width: 30%; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; vertical-align: top; width: 43%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Commercial real estate</font></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">1,094</font></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="vertical-align: top; width: 20%; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Sales comparison approach</font></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="vertical-align: top; width: 30%; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Adjustment for differences between the comparable sales</font></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">0% - 10% [5%]</font></td></tr></table> <br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">As of September 30, 2018 the fair value measurements presented are consistent with Topic 820, </font><font style="font: x-small Times New Roman"><i>Fair Value Measurement</i></font><font style="font: x-small Times New Roman">, in which fair value represents exit price. The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company&#8217;s financial instruments as of September 30, 2018 and December 31, 2017:</font></p> <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td colspan="8" style="width: 8%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">Fair Value Measurements</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Quoted</font></td> <td style="width: 1%; white-space: nowrap; text-align: center">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">&#160;&#160;&#160;&#160;&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Prices in</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Active</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Significant</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Markets for</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Other</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Significant</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Identical</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Observable</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Unobservable</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Carrying</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Fair</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Assets</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Inputs</font></td> <td style="width: 1%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center"><font style="font: x-small Times New Roman">Inputs</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">Amount</font></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">Value</font></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">(Level 1)</font></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">(Level 2)</font></td> <td style="width: 1%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman"></font></td> <td colspan="2" style="width: 2%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid"><font style="font: x-small Times New Roman">(Level 3)</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td colspan="14" style="width: 14%; text-align: center"><font style="font: x-small Times New Roman">(dollars in thousands)</font> <font style="font: x-small Times New Roman"></font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><b><u><font style="font: x-small Times New Roman">September 30, 2018</font></u></b></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><b><u><font style="font: x-small Times New Roman"></font></u></b></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Financial assets:</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Cash and cash equivalents</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">155,848</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">155,848</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">155,848</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">$</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Securities available-for-sale</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">410,039</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">410,039</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">975</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">399,623</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">9,441</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Equity Securities</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">11,403</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">11,403</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">11,403</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Loans held-for-sale</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">270</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">270</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">270</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Net loans</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">4,427,738</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">4,304,357</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">4,304,357</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Derivatives</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,906</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,906</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">1,906</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left">&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman">Financial liabilities:</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Noninterest-bearing deposits</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">758,213</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">758,213</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">758,213</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Interest-bearing deposits</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">3,230,552</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">3,222,141</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">1,907,805</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">1,314,336</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Borrowings</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">629,979</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">626,841</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">626,841</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; 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white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">129,165</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; background-color: #c0c0c0">&#160;</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><b><u><font style="font: x-small Times New Roman"></font></u></b></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left"><b><u><font style="font: x-small Times New Roman">December 31, 2017</font></u></b></td> <td style="width: 1%; white-space: nowrap; text-align: left"><b><u><font style="font: x-small Times New Roman"></font></u></b></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">Financial assets:</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Cash and cash equivalents</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">149,582</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">149,582</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">149,582</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman">$&#160;&#160;&#160;&#160; </font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Securities available-for-sale</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">435,284</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">435,284</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">15,150</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">410,502</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">9,632</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Loans held-for-sale</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">24,845</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">24,845</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">370</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">24,475</font></td></tr> <tr style="vertical-align: bottom"> <td style="background-color: #c0c0c0; width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Net loans</font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">4,139,708</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">4,118,542</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">4,118,542</font></td></tr> <tr style="vertical-align: bottom"> <td style="width: 85%; white-space: nowrap; text-align: left; padding-left: 15pt"><font style="font: x-small Times New Roman">Derivatives</font></td> <td style="width: 1%; white-space: nowrap; text-align: left"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">798</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">798</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman">798</font></td> <td style="width: 1%; white-space: nowrap; text-align: right"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; 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white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">57,340</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">57,340</font></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman"></font></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"><font style="font: x-small Times New Roman">-</font></td></tr></table> <br /> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">The fair value of commitments to originate loans is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair values of letters of credit and lines of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate or otherwise settle the obligations with the counterparties at the reporting date. The fair value of commitments to originate loans is immaterial and not included in the tables above.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Changes in assumptions or estimation methodologies may have a material effect on these estimated fair values.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Fair value estimates are based on existing balance sheet financial instruments, without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. For example, there are certain significant assets and liabilities that are not considered financial assets or liabilities, such as deferred taxes, premises and equipment, and goodwill. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates.</font></p> <p style="text-align: left; text-indent: 15pt"><font style="font: x-small Times New Roman">Management believes that reasonable comparability between financial institutions may not be likely, due to the wide range of permitted valuation techniques and numerous estimates which must be made, given the absence of active secondary markets for many of the financial instruments. This lack of uniform valuation methodologies also introduces a greater degree of subjectivity to these estimated fair values.</font></p></div> Not within scope of ASC 606. The Company elected the modified respective approach of adoption; therefore, prior period balances are presented under legacy GAAP and may not be comparable to current year presentation. Reflects the entire taxi medallion portfolio moving back to the loans held-for-investment category from the loans held-for-sale category in November 2017. Reflects a $17.0 million charge-off related to the taxi medallion loans classified as "substandard". 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Valuation Technique [Axis] Sales comparison approach [Member] Range [Axis] Minimum [Member] Maximum [Member] Class of Stock [Axis] Series B Preferred Stock [Member] Adjustments for New Accounting Pronouncements [Axis] Accounting Standards Update 2017-07 [Member] Restatement [Axis] Previously Reported [Member] Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Entity Filer Category Entity Small Business Entity Emerging Growth Company Entity Public Float Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] ASSETS Cash and due from banks Interest-bearing deposits with banks Cash and cash equivalents Securities available-for-sale Equity securities Loans held-for-sale Loans receivable Less: Allowance for loan losses Net loans receivable Investment in restricted stock, at cost Bank premises and equipment, net Accrued interest receivable Bank owned life insurance Other real estate owned Goodwill Core deposit intangibles Other assets Total assets LIABILITIES Deposits: Noninterest-bearing Interest-bearing Total deposits Borrowings Subordinated debentures (net of debt issuance costs of $1,681 and $456, respectively) Other liabilities Total liabilities COMMITMENTS AND CONTINGENCIES STOCKHOLDERS' EQUITY Preferred stock, authorized 5,000,000 shares; issued -0- shares of Series B preferred stock at September 30, 2018 and December 31, 2017; outstanding -0- shares at September 30, 2018 and December 31, 2017; liquidation value of $-0- at September 30, 2018 and December 31, 2017 Common stock, no par value, authorized 50,000,000 shares; issued 34,303,850 shares at September 30, 2018 and 34,135,782 at December 31, 2017; outstanding 32,239,928 shares at September 30, 2018 and 32,071,860 at December 31, 2017 Additional paid-in capital Retained earnings Treasury stock, at cost (2,063,922 common shares at September 30, 2018 and December 31, 2017) Accumulated other comprehensive loss Total stockholders' equity Total liabilities and stockholders' equity Statement [Table] Statement [Line Items] Valuation allowance Subordinated debentures, debt issuance costs Preferred stock, liquidation value (in Dollars per share) Preferred stock, shares authorized Preferred stock, shares issued Preferred stock, shares outstanding Preferred Stock, total liquidation value Common stock, par value (in Dollars per share) Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Treasury Stock, Shares Income Statement [Abstract] Interest income Interest and fees on loans Interest and dividends on investment securities: Taxable Tax-exempt Dividends Interest on federal funds sold and other short-term investments Total interest income Interest expense Deposits Borrowings Total interest expense Net interest income Provision for loan losses Net interest income after provision for loan losses Noninterest income Annuities and insurance commissions Income on bank owned life insurance Net gains on sale of loans held-for-sale Deposit, loan and other income Net gains on sales of securities available-for-sale Total noninterest income Noninterest expenses Salaries and employee benefits Occupancy and equipment FDIC insurance Professional and consulting Marketing and advertising Data processing Merger expenses Amortization of core deposit intangible Other components of net periodic pension expense Increase in valuation allowance, loans held-for-sale Change in fair value of equity securities Other expenses Total noninterest expenses Income before income tax expense Income tax expense Net income Earnings per common share: Basic Diluted Dividends per common share Statement of Comprehensive Income [Abstract] Net income Other comprehensive income: Unrealized gains and losses: Unrealized holding (losses) gains on available-for-sale securities arising during the period Tax effect Net of tax Reclassification adjustment for realized gains included in net income Tax effect Net of tax Unrealized gains on securities transferred from held-to-maturity to available-for-sale the period Tax effect Net of tax Amortization of unrealized net losses on held-to-maturity securities transferred from available-for-sale securities Tax effect Net of tax Unrealized gains (losses) on cash flow hedges Tax effect Net of tax Unrealized pension plan gains (losses): Unrealized pension plan gains (losses) before reclassifications Tax effect Net of tax Reclassification adjustment for amortization included in net income Tax effect Net of tax Total other comprehensive (loss) income Total comprehensive income Balance Reclassification of stranded tax effects (ASU 2018-02) (see Note 8) Cumulative effect of adopting ASU 2016-01 (see Note 8) Other comprehensive loss, net of tax Dividend on series B preferred stock Cash dividends declared on common stock ($0.225 per share) Stock issuance costs Redemption of preferred stock Exercise of stock options (102,378 and 10,846 shares) Restricted stock grants (23,018 and 57,164 shares) Net performance units issued (42,672 shares) Stock-based compensation expense Balance Statement of Stockholders' Equity [Abstract] Cash dividends declared on common stock (in Dollars per share) Exercise of stock options, shares Restricted stock and performance units grants, shares Net performance units issued Statement of Cash Flows [Abstract] Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization of premises and equipment Provision for loan losses Increase in valuation allowance Amortization of intangibles Net accretion of loans Accretion on bank premises Accretion on deposits Accretion on borrowings Stock-based compensation expense Gains on sales of investment securities, net Change in fair value of equity securities, net Gains on sales of loans held-for-sale, net Gains on sales of fixed assets, net Loans originated for resale Proceeds from sale of loans held-for-sale Net loss on sale of other real estate owned Net increase in cash surrender value of bank owned life insurance Amortization of premiums and accretion of discounts on investments securities, net Amortization of subordinated debt issuance costs Increase in accrued interest receivable Decrease in other assets Increase in other liabilities Net cash provided by operating activities Cash flows from investing activities Investment securities available-for-sale: Purchases Sales Maturities, calls and principal repayments Net redemptions (purchases) of restricted investment in bank stocks Payments on loans held-for-sale Net increase in loans Proceeds from sales of fixed assets Purchases of premises and equipment Purchases of bank owned life insurance Proceeds from sale of other real estate owned Net cash used in investing activities Cash flows from financing activities Net increase in deposits Increase in subordinated debentures Advances of Federal Home Loan Bank ("FHLB") borrowings Repayments of FHLB borrowings Repayment of repurchase agreement Cash dividends paid on common stock Cash dividends paid on preferred stock Common stock issuance costs Redemption of preferred stock Proceeds from exercise of stock options Net cash provided by financing activities Net change in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Supplemental disclosures of cash flow information Cash payments for: Interest paid on deposits and borrowings Income taxes Supplemental disclosures of noncash investing activities Transfer of loans to other real estate owned Transfer of loans held-for-investment to loans held-for-sale Transfer of loans held-for-sale to held-for-investment Organization, Consolidation and Presentation of Financial Statements [Abstract] Nature of Operations and Principles of Consolidation New Accounting Pronouncements and Changes in Accounting Principles [Abstract] New Authoritative Accounting Guidance Earnings Per Share [Abstract] Earnings per Common Share Investments, Debt and Equity Securities [Abstract] Securities Available-for-Sale Derivative Instruments and Hedging Activities Disclosure [Abstract] Derivatives Receivables [Abstract] Loans and the Allowance for Loan Losses Fair Value Disclosures [Abstract] Fair Value Measurements and Fair Value of Financial Instruments Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] Comprehensive Income Disclosure of Compensation Related Costs, Share-based Payments [Abstract] Stock Based Compensation Retirement Benefits [Abstract] Components of Net Periodic Pension Cost Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures [Abstract] FHLB Borrowings Revenue Recognition [Abstract] Revenue Recognition Subordinated Borrowings [Abstract] Subordinated Debentures Offsetting [Abstract] Offsetting Assets and Liabilities Subsequent Events [Abstract] Subsequent Events New Authoritative Accounting Guidance Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] Unrealized Gain (Loss) on Investments [Table Text Block] Investments Classified by Contractual Maturity Date [Table Text Block] Schedule of Realized Gain (Loss) [Table Text Block] Schedule of Unrealized Loss on Investments [Table Text Block] Schedule of Interest Rate Derivatives [Table Text Block] Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block] Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block] Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] Loans held for sale [Table Text Block] Activity in the valuation allowance [Table Text Block] Loans and Leases Receivable Purchase Credit Impaired Loans [Table Text Block] Loans and Leases Receivable Purchased Loans [Table Text Block] Schedule of Financing Receivables, Non Accrual Status [Table Text Block] Financing Receivable Credit Quality Indicators [Table Text Block] Impaired Financing Receivables [Table Text Block] Schedule of Average Balance and Interest Income Recognized on Impaired Loans [Table Text Block] Past Due Financing Receivables [Table Text Block] Schedule of Recorded Investment in Financing Receivables [Table Text Block] Allowance for Credit Losses on Financing Receivables [Table Text Block] Allowance for Loan and Lease Losses [Table Text Block] Schedule of Debtor Troubled Debt Restructuring, Current Period [Table Text Block] Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] Fair Value, Recurring basis [Table Text Block] Significant unobservable inputs used in fair value measurements [Table Text Block] Fair Value Measurements, Nonrecurring [Table Text Block] Fair Value, by Balance Sheet Grouping [Table Text Block] Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] Comprehensive Income (Loss) [Table Text Block] Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] Schedule of Share Based Compensation Stock Option Plan Table Text Block Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] Schedule of Unearned Performance Unit Awards [Table Text Block] Schedule of Unearned Restricted Unit Awards [Table Text Block] Schedule of Net Benefit Costs [Table Text Block] Schedule of Changes as a result of ASU 2017-07 Debt Disclosure [Abstract] Schedule of Long-term Debt Instruments [Table Text Block] Revenue Recognition Schedule of Revenue from Contracts with Customers [Table Text Block] Schedule of Subordinated Debentures [Table Text Block] Offsetting Assets And Liabilities Tables Schedule of financial instruments that are eligible for offset [Table Text Block] Income attributable to common stock Earnings allocated to participating securities Net income Weighted average common shares outstanding, including participating securities Weighted average participating securities Weighted average common shares outstanding Incremental shares from assumed conversions of options, performance units and restricted shares Weighted average common and equivalent shares outstanding Earnings per common share: Increase in amortized cost basis of available-for-sale securities Net increase to accumulated other comprehensive income net of tax Loss on equity securities, net Available-for-sale Securities Pledged as Collateral Description of Holding Securities Number of Investment Securities Sold Investment Securities (Details) - Unrealized gains on investment securities [Table] Investment Securities (Details) - Unrealized gains on investment securities [Line Items] Financial Instrument [Axis] Securities available-for-sale Securities, Amortized Cost Securities, Gross Unrealized Gains Securities, Gross Unrealized Losses Securities, Fair Value Securities available-for-sale, Amortized Cost Securities available-for-sale, Gross Unrealized Gains Securities available-for-sale, Gross Unrealized Losses Total, Amortized Cost Total, Gross Unrealized Gains Total, Gross Unrealized Losses Total, Fair Value Investment Securities (Details) - Investments classified by maturity date [Table] Investment Securities (Details) - Investments classified by maturity date [Line Items] Securities Available-for-Sale: Due in one year or less, amortized cost Due in one year or less, fair value Due after one year through five years, amortized cost Due after one year through five years, fair value Due after five years through ten years, amortized cost Due after five years through ten years, fair value Due after ten years, amortized cost Due after ten years, fair value Investment Securities: Fair Value Total, amortized cost Total, fair value Schedule of realized gains and losses [Abstract] Proceeds Gross gains on sales of securities Gross losses on sales of securities Net gains on sales of securities Less: tax provision on net gains Net gains on sales of securities, after tax Investment Securities (Details) - Schedule of unrealized losses not recognized in income [Table] Investment Securities (Details) - Schedule of unrealized losses not recognized in income [Line Items] Investment Securities: Investment Securities: Total, Fair Value Investment Securities: Total, Unrealized Losses Investment Securities: Less than 12 Months, Fair Value Investment Securities: Less than 12 Months, Unrealized Losses Investment Securities: 12 Months or Longer, Fair Value Investment Securities: 12 Months or Longer, Unrealized Losses Investment securities available-for-sale: Investment securities available-for-sale: Total, Fair Value Investment securities available-for-sale: Total, Unrealized Losses Investment securities available-for-sale: Less than 12 Months, Fair Value Investment securities available-for-sale: Less than 12 Months, Unrealized Losses Investment securities available-for-sale: 12 Months or Longer, Fair Value Investment securities available-for-sale: 12 Months or Longer, Unrealized Losses Fair Value, Total Unrealized Losses, Total Fair Value, Less than 12 Months Unrealized Losses, Less than 12 Months Fair Value, 12 Months or Longer Unrealized Losses, 12 Months or Longer Notional Amount of Interest Rate Cash Flow Hedge Derivatives Interest expense on derivatives Summary of interest rate swap designated as a cash flow hedges [Abstract] Notional amount Weighted average pay rates Weighted average receive rates Weighted average maturity Fair value Derivatives (Details) - Summary of net gains (losses) recorded in accumulated other comprehensive income and statements of income relating to cash flow derivative instruments [Table] Derivatives (Details) - Summary of net gains (losses) recorded in accumulated other comprehensive income and statements of income relating to cash flow derivative instruments [Line Items] Amount of gain recognized in OCI (Effective Portion) Amount of gain reclassified from OCI to interest income Amount of gain recognized in other Noninterest income (Ineffective Portion) DERIVATIVES (Details) - Summary of cash flow hedges included in the consolidated balance sheets [Table] DERIVATIVES (Details) - Summary of cash flow hedges included in the consolidated balance sheets [Line Items] Interest rate swaps related to FHLB advances included in assets, Notional Amount Interest rate swaps related to FHLB advances included in assets, Fair Value LOANS AND THE ALLOWANCE FOR LOAN LOSSES (Details) [Table] LOANS AND THE ALLOWANCE FOR LOAN LOSSES (Details) [Line Items] Class of Financing Receivable, Type [Axis] Non Accrual Contractual Due Loans held-for-sale net of valuation allowance Loans Pledged as Collateral Loans performing under the restructured terms Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans Troubled debt restructurings Allowance for Loan and Lease Losses Period Increase Decrease Due to Trouble Debt Restructuring Reduction in specific reserve allocations Valuation per Medallion Amount Specific allocations associated with taxi medallion, fair value Increase in allowance for loan and lease losses Number of loans Decrease in commercial loans classified as 'substandard' Charge-off related to taxi medallion loan portfolio Schedule of Accounts, Notes, Loans and Financing Receivable [Table] Accounts, Notes, Loans and Financing Receivable [Line Items] Gross loans Net deferred loan fees Total loans receivable Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Table] Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items] Total carrying amount Schedule of accretable yield, or income expected to be collected [Abstract] Balance at beginning of period Reduction from loans paid off Increase in valuation allowance Residential real estate Balance at end of period COMPREHENSIVE INCOME (Details) - Comprehensive Income (Loss) [Table] Commercial Balance at beginning of period Accretion of income Balance at end of period Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Table] Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items] Financing Receivable, Recorded Investment, Nonaccrual Status Schedule of Financing Receivable, Recorded Investment, Credit Quality Indicator [Table] Financing Receivable, Recorded Investment [Line Items] Gross loans Schedule of Impaired Financing Receivable [Table] Financing Receivable, Impaired [Line Items] No related allowance recorded, Recorded Investment No related allowance recorded, Unpaid Principal Balance Impaired loans with No Related Allowance Average Recorded Investment Impaired loans with No Related Allowance Interest Income Recognized With an allowance recorded, Recorded Investment With an allowance recorded, Unpaid Principal Balance With an allowance recorded, Related Allowance Impaired loans With An Allowance Recorded Average Recorded Investment Impaired loans With An Allowance Recorded Interest Income Recognized Total, Recorded Investment Total, Unpaid Principal Balance Total, Related Allowance Total Impaired Loans Average Recorded Investment Total Impaired Loans Interest Income Recognized Schedule of Financing Receivables Past Due [Table] Financing Receivable, Recorded Investment, Past Due [Line Items] Nonaccrual Total Past Due and Nonaccrual Current Gross Loans Loans and the Allowance for Loan and Lease Losses (Details) - Allowance for loan and lease losses [Table] Loans and the Allowance for Loan and Lease Losses (Details) - Allowance for loan and lease losses [Line Items] ALLL ALLL, individually evaluated for impairment ALLL, collectively evaluated for impairment ALLL, acquired portfolio ALLL, acquired with deteriorated credit quality Total Gross loans Loans Receivable, individually evaluated for impairment Loans Receivable, collectively evaluated for impairment Loans Receivable, acquired portfolio Loans Receivables, acquired with deteriorated credit quality Total Schedule of Financing Receivable, Allowance for Credit Losses [Table] Financing Receivable, Allowance for Credit Losses [Line Items] Balance Charge-offs Recoveries Balance SEC Schedule, 12-09, Valuation Allowances and Reserves Type [Axis] Beginning balance Additions Payoffs/paydowns Transfers Note increases Other Ending balance Troubled Debt Restructuring, Debtor, Current Period [Table] Troubled Debt Restructuring, Debtor, Current Period [Line Items] Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Impaired Financing Receivable, with Related Allowance, Recorded Investment Impaired Financing Receivable, Related Allowance Loans held-for-sale requiring valuation allowance, gross carrying amount Loans held-for-sale requiring valuation allowance, amount of allowance Collateral dependent Taxi Medallion loans carrying value Taxi Medallion loans charged off during period Fair Value Measurements and Fair Value of Financial Instruments (Details) - Schedule of fair value, assets and liabilities measured on recurring basis [Table] Fair Value Measurements and Fair Value of Financial Instruments (Details) - Schedule of fair value, assets and liabilities measured on recurring basis [Line Items] Fair Value Hierarchy and NAV [Axis] Recurring fair value measurements: Assets Securities: Securities available-for-sale, Fair Value Equity securities Derivatives Assets: Available-for-sale, Fair Value FAIRVALUEMEASUREMENTSANDFAIRVALUEOFFINANCIALINSTRUMENTSDetailsScheduleofAssetsatFairValueonNonRecurringBasisTable [Table] FAIRVALUEMEASUREMENTSANDFAIRVALUEOFFINANCIALINSTRUMENTSDetailsScheduleofAssetsatFairValueonNonRecurringBasisLineItems [Line Items] Assets measured at fair value on a nonrecurring basis: Assets measured at fair value Balance of recurring Level 3 assets Federal agency obligations Purchases Sales Transfer into Level 3 Transfers out of Level 3 Other Principal paydowns Balance of recurring Level 3 assets Valuation Techniques Unobservable Input Range Fair Value Measurements and Fair Value of Financial Instruments (Details) - Fair value, assets and liabilities measured on nonrecurring basis, valuation techniques [Table] Fair Value Measurements and Fair Value of Financial Instruments (Details) - Fair value, assets and liabilities measured on nonrecurring basis, valuation techniques [Line Items] Valuation Approach and Technique [Axis] Income Statement Location [Axis] Fair Value Unobservable Input Capitalization rate Discount Rate Fair Value, by Balance Sheet Grouping [Table] Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] Financial assets Cash and cash equivalents, Carrying Amount Cash and cash equivalents, Fair Value Securities available-for-sale, Carrying Amount Equity securities, Carrying Amount Equity securities, Fair Value Restricted investment in bank stocks, Carrying Amount Restricted investment in bank stocks, Fair Value Loans held-for-sale, Carrying Amount Loans held-for-sale, Fair Value Net loans, Carrying Amount Net loans, Fair Value Derivatives, Carrying Amount Derivatives, Fair Value Accrued interest receivable, Fair Value Financial liabilities Noninterest-bearing deposits, Carrying Amount Noninterest-bearing deposits, Fair Value Interest-bearing deposits, Carrying Amount Interest-bearing deposits, Fair Value Borrowings, Carrying Amount Borrowings, Fair Value Subordinated debentures, Carrying Amount Subordinated debentures, Fair Value Accrued interest payable, Carrying Amount Accrued interest payable, Fair Value Comprehensive Income Increase in retained earnings Cumulative-effect adjustment to balance sheet COMPREHENSIVE INCOME (Details) - Comprehensive Income (Loss) [Table] COMPREHENSIVE INCOME (Details) - Comprehensive Income (Loss) [Line Items] Sale of securities available-for-sale Net gains on sale of securities available-for-sale Sale of securities available-for-sale Income tax expense Sale of securities available-for-sale Amortization of unrealized holding (losses) gains on securities transferred from available-for-sale to held-to-maturity Interest income Amortization of unrealized holding (losses) gains on securities transferred from available-for-sale to held-to-maturity Income tax benefit Amortization of unrealized holding (losses) gains on securities transferred from available-for-sale to held-to-maturity Amortization of pension plan net actuarial losses Salaries and employee benefits Amortization of pension plan net actuarial losses Income tax benefit Amortization of pension plan net actuarial losses Total reclassification Schedule of Accumulated Other Comprehensive Income (Loss) [Abstract] Investment securities available-for-sale, net of tax Cash flow hedge, net of tax Unamortized component of securities transferred from available-for-sale to held-to-maturity, net of tax Defined benefit pension and post-retirement plans, net of tax Total accumulated other comprehensive loss Plan Name [Axis] 2017 Equity Compensation Plan [Member] Share Based Compensation Arrangement by Share Based Payment Award Number of Plans Maximum number of shares of common stock or equivalents issued Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares) Compensation expense Shares granted Share-based Compensation Arrangement by Share-based Payment Award, Award expiration Period Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period Restricted shares granted Unrecognized compensation cost related to nonvested shares Weighted average period related to compesation cost Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost (in Dollars) Performance unit shares to satisfy tax obligation created from vesting Outstanding Beginning Balance Granted Exercised Forfeited/cancelled/expired Outstanding Ending Balance Exercisable Ending Balance Outstanding Beginning Balance, Weighted-Average Exercise Price Exercised, Weighted-Average Exercise Price Forfeited/cancelled/expired, Weighted-Average Exercise Price Outstanding Ending Balance, Weighted-Average Exercise Price Exercisable Ending Balance, Weighted-Average Exercise Price Outstanding Ending Balance - Weighted-Average Remaining Contractual Term (In Years) Exercisable Ending Balance - Weighted-Average Remaining Contractual Term (In Years) Outstanding Ending Balance - Aggregate Intrinsic Value Exercisable Ending Balance - Aggregate Intrinsic Value Outstanding, beginning balance Vested Forfeited/cancelled/expired Outstanding, ending balance Outstanding, beginning balance Granted Vested Forfeited/cancelled/expired Outstanding, ending balance Awarded Change in Estimate Forfeited Adjustments Awarded Forfeited Adjustments Average daily balance during the year Service cost Interest cost Expected return on plan assets Net amortization Recognized settlement loss Net periodic pension cost Change in actuarial gain Amortization of actuarial loss Defined Benefit Plan, Contributions by Employer New Accounting Pronouncements or Change in Accounting Principle [Table] New Accounting Pronouncements or Change in Accounting Principle [Line Items] Long-term Debt, Type [Axis] Federal Home Loan Bank Note One [Member] Number of Federal Home Loan Bank Notes Extinguishment of Debt, Amount Debt Instrument, Maturity Date Long-term Line of Credit Line of Credit Facility, Remaining Borrowing Capacity By type of borrowing: FHLB borrowings (in Dollars) Weighted average interest rates By remaining period to maturity: Less than 1 year (in Dollars) Less than 1 year 1 year through less than 2 years (in Dollars) 1 year through less than 2 years 2 years through less than 3 years (in Dollars) 2 years through less than 3 years 3 years through less than 4 years (in Dollars) 3 years through less than 4 years 4 years through 5 years (in Dollars) 4 years through 5 years Service charges on deposits Overdraft fees Other Interchange income Net gains on sales of loans (a) Wire transfer fees (a) Loan servicing fees (a) Bank owned life insurance (a) Net gains on sales of securities (a) Annuity and insurance income (a) Other Subordinated Debentures (Details) [Table] Subordinated Debentures (Details) [Line Items] Value of subordinated debentures received by Trust Percentage Rate Added to Libor Floating interest rate on subordinated debentures Proceeds from Issuance of Debt Debt Instrument, Term Debt Instrument, Interest Rate, Stated Percentage Debt Instrument, Description of Variable Rate Basis Debt Instrument, Basis Spread on Variable Rate Debt Issuance Cost Schedule of Subordinated Borrowing [Abstract] Issuance Date Securities Issued Liquidation Value Coupon Rate Maturity Redeemable by Issuer Beginning Gross Amounts Recognized, Assets Gross Amounts Offset in the Statement of Financial Position, Assets Net Amounts of Assets Presented in the Statement of Financial Position, Assets Financial Instruments Recognized, Assets Cash or Financial Instrument Collateral, Assets Net Amount, Assets Gross Amounts Recognized, Liabilities Gross Amounts Offset in the Statement of Financial Position, Liabilities Net Amounts of Assets Presented in the Statement of Financial Position, Liabilities Financial Instruments Recognized, Liabilities Cash or Financial Instrument Collateral, Liabilities Net Amount, Liabilities Gross Amounts Recognized, Total Gross Amounts Offset in the Statement of Financial Position, Total Net Amounts of Assets Presented in the Statement of Financial Position, Total Financial Instruments Recognized, Total Cash or Financial Instrument Collateral, Total Net Amount, Total Accretion on bank premises. Accretion on borrowings. Accretion on deposits. Accumulated other comprehensive income loss cash flow hedge. Accumulated other comprehensive income (loss), unamortized component of securities transferred from available-for-sale to held-to-maturity, net of tax. Activity in the valuation allowance [Table Text Block] Allowance for loan and lease losses, acquired portfolio. Allowance for loan and lease losses, acquired with deteriorated credit quality. Allowance for loan and lease losses period increase decrease due to trouble debt restructuring. Amortization of unrealized holding gains on securities transferred from available-for-sale to held-to-maturity securities Amortization of unrealized holding gains on securities transferred from available for sale to held to maturity securities before tax. Amortization of unrealized holding gains on securities transferred from available-for-sale to held-to-maturity securities, net of tax. Amortization of unrealized holding gains on securities transferred from available for sale to held to maturity securities tax. Cutstom Element. Appraisals of collateral valuation technique. Carrying value of investment in debt and equity securities categorized neither as held-to-maturity nor trading. Amount of accumulated pre-tax unrealized loss on investments in available-for-sale securities that have been in a loss position for less than twelve months impacting investments. Amount of accumulated pre-tax unrealized loss on investments on securities classified as available-for-sale securities impacting investments. Amount of accumulated pre-tax unrealized loss on investments in available-for-sale securities that have been in a loss position for less than twelve months impacting investments. Available for sale securities gross unrealized gain accumulated in investments. Available for sale securities gross unrealized loss accumulated in investments. Cutstom Element. Cutstom Element. Cash or financial instrument collateral assets. Cash or financial instrument collateral liabilities. Certificate of deposit. Commercial loans held-for-sale segment [Member] Commercial (taxi medallion loans) [Member] Corporate Bonds and Notes. Cutstom Element. Cutstom Element. Debt Issuance Cost. Defined benefit plan amortization and deferral net. Deposit, loan and other income. Cutstom Element. Cutstom Element. Description of holding securities. Dividends paid on earnings allocated to participating securities. Employee Director Stock Option Plan 2009. Equity Compensation Plan, 2009 [Member] 2017 Equity Compensation Plan [Member] Custom Element. Custom Element. Amount of purchases of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's Federal agency obligations. Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the Other assumptions market participants would use in pricing. Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the Other assumptions market participants would use in pricing principal pay down. Cutstom Element. Cutstom Element. Cutstom Element. Cutstom Element. Federal Agency Obligations. Federal home loan bank. Federal home loan bank note three. Federal home loan bank note two. Net amount of financial instruments recognized. Financial instruments recognized assets. Financial instruments recognized assets net amount. Financial instruments recognized liabilities. Financial instruments recognized liabilities. Balance of troubled debt allowance for loan and lease losses. Additions to the balance of troubled debt allowance for loan and lease losses. Other changes in the balance of troubled debt allowance for loan and lease losses. Payoffs or paydowns of troubled debt allowance for loan and lease losses. Transfers into the balance of troubled debt allowance for loan and lease losses. Fixed-to-floating Rate Subordinated Notes [Member] Floating interest rate on subordinated debentures. Gain loss on sale of investments net of tax. Gross amounts offset in the statement of financial position total amount. Gross amounts recognized total. Held to maturity securities accumulated unrecognized holding gain. Held to maturity securities accumulated unrecognized gross holding loss. This item represents the excess of amortized cost basis over fair value of securities in a loss position and which are categorized as held-to-maturity. Investment securities held-to-maturity: less than 12 months, unrealized losses. Amount of accumulated pre-tax unrealized loss on investments in held-to-maturity securities that have been in a loss position for twelve months or longer. Impaired financing receivable with related allowance. Impaired loans. Income attributable to common stock. Increase in amortized cost basis of available-for-sale securities. Increase in subordinated debt. Incremental shares from assumed conversions of options, performance units and restricted shares. Fair value as of the balance sheet date of interest-bearing deposit liabilities. Interest expense on derivatives. Cutstom Element. Cutstom Element. Cutstom Element. Cutstom Element. Cutstom Element. Cutstom Element. Issuance date of the preferred securities. Loans and the allowance for loan losses details line items. Loans and the allowance fo rloan losses details table. Description of liquidation value per capital share. Amount before allowance of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Includes deferred interest and fees, undisbursed portion of loan balance, unamortized costs and premiums and discounts from face amounts. Excludes loans and leases covered under loss sharing agreements. Loans and leases receivable purchase credit impaired loans. Loans and leases receivable purchased loans. Loans and leases receivable purchased loans accretion of income. Loans and Leases Receivable Purchased Loans. Loans held-for-sale [Member] Tabular disclosure of loans held for sale. Loans performing under the restructured terms Loans Receivable, acquired portfolio. Loans held-for-sale net of valuation allowance. Loans held-for-sale requiring valuation allowance, gross carrying amount. Loans held-for-sale requiring valuation allowance, amount of allowance. Loans Receivables, acquired with deteriorated credit quality. Cutstom Element. Cutstom Element. Cutstom Element. Cutstom Element. Cutstom Element. Cutstom Element. Market approach [Member] Capitalization rate. Net amounts of assets presented in the statement of financial position. Net decrease in repurchase agreements. Net income (loss) available to common stockholders Non accrual contractual due. Fair value as of the balance sheet date of non interest-bearing deposit liabilities. Transfer of investment securities from held-to-maturity to available-for-sale. Nonvested member. Cutstom Element. Number of investment securities sold. Number of loans. Number of federal home loan bank notes. Obligation of us states and political subdivisions. Offsetting Assets and Liabilities [TextBlock] Amount after tax and reclassification adjustments, of appreciation (loss) in value of unsold held to maturity securities. Excludes amounts related to other than temporary impairment (OTTI) loss. Tax effect of the income statement impact of the reclassification adjustment for unrealized gain (loss) realized upon the sale of available-for-sale securities. Other comprehensive income loss reclassification adjustment for net gains net of tax. Other comprehensive income loss reclassification adjustment for net gains tax effect. Cutstom Element. Other comprehensive income pension plan actuarial (gains) losses before tax. Cutstom Element. Cutstom Element. Amount after tax and reclassification adjustments, of appreciation (loss) in value of unsold held to maturity securities. Excludes amounts related to other than temporary impairment (OTTI) loss. Cutstom Element. Other securities Payments on loans held-for-sale. Percentage rate added to LIBOR. Redemption of preferred stock. Redemption of preferred stock. Proceeds from sale of investment securities. Rate added to LIBOR. Reclassification adjustment for realized losses included in net income. Reclassification adjustment for realized losses included in net income, net of tax. Reclassification adjustment for realized losses included in net income, tax effect. Recorded Investment [Member] Redeemable by issuer beginning date. Schedule of average balance and interest income recognized on impaired loans. Schedule of recorded investment in financing receivables. Share based compensation stock option plan. Tabular disclosure of schedule of unearned performance unit awards. Securities available for sale net. Share based compensation arrangement by share based payment award number of plans. Specific allocations associated with taxi medallion, fair value. Restricted stock and performance units grants, shares. Stock issued during period value restricted stock and performance units award gross. Subordinated debentures debt issuance costs. Cutstom Element. Cutstom Element. Subordinated Debt from Trust [Member] Tax provision on gain on sale of investments. Temporarily impaired securities, 12 months or longer, aggregate losses. Temporarily impaired securities, 12 months or longer, fair value. Temporarily impaired securities, less than 12 months, aggregate losses. Temporarily impaired securities, less than 12 months, fair value. Temporarily impaired securities, total fair value. Temporarily impaired securities, total unrealized losses. Total investment securities, amortized cost. Total investment securities, fair value. Total investment securities, gross unrealized gains. Total investment securities, gross unrealized losses. Transfer of loans from held-for-sale to held-for-investment Trust Preferred Securities. Unearned member. Unrealized holding gain on cash flow hedge before tax. Unrealized holding gain on cash flow hedge net of tax. Unrealized holding gain on cash flow hedge tax. Amount before tax and reclassification adjustments of unrealized holding gain (loss) on held to maturity securities. Unrecognized compensation cost related to nonvested shares. Valuation per Medallion Amount. Value of subordinated debentures received by Trust. Weighted average common and equivalent shares outstanding. Weighted average common shares outstanding. Weighted average common shares outstanding, including participating securities. Weighted average participating securities. Weighted average period related to compensation cost. Weighted average receive rates. Tabular disclosure of schedule of unearned restricted unit awards. Represents the quantification of the effect of adopting the new accounting standard or change in accounting principle expected by the entity to have a significant effect on the entity's financial statements. Net performance units issued. Net performance units issued shares. Note increases in the balance of troubled debt allowance for loan and lease losses. Increase in retained earnings. Cumulative-effect adjustment to balance sheet. Performance unit shares to satisfy tax obligation created from vesting. Change in actuarial gain. Overdraft fees. Wire transfer fees. Interchange income. Loan servicing fees. Discount rate used to measure fair value of unobservable inputs. Loss on equity securities. Collateral dependent Taxi Medallion loans carrying value. Taxi Medallion loans charged off during period. Reduction in specific reserve allocations. Sales comparison approach [Member] Gross number of share options (or share units) change in estimates during the period. Description of fair value valuation techniques. Description of fair value unobservable input. Fair value discount rate. Greater Hudson Bank [Member] Increase in Valuation Allowance [Member] Change in fair value of equity securities. Reduction from loans paid off. The decrease in commercial loans classified as 'substandard' during the period. Charge-off related to taxi medallion loan portfolio. 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Document and Entity Information - shares
9 Months Ended
Sep. 30, 2018
Nov. 01, 2018
Document And Entity Information    
Entity Registrant Name ConnectOne Bancorp, Inc.  
Entity Central Index Key 0000712771  
Document Type 10-Q  
Document Period End Date Sep. 30, 2018  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Entity Filer Category Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Common Stock, Shares Outstanding   32,239,928
Document Fiscal Period Focus Q3  
Document Fiscal Year Focus 2018  
XML 14 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 37,058 $ 52,565
Interest-bearing deposits with banks 118,790 97,017
Cash and cash equivalents 155,848 149,582
Securities available-for-sale 410,039 435,284
Equity securities 11,403
Loans held-for-sale 270 24,845
Loans receivable 4,462,487 4,171,456
Less: Allowance for loan losses 34,749 31,748
Net loans receivable 4,427,738 4,139,708
Investment in restricted stock, at cost 32,486 33,497
Bank premises and equipment, net 20,998 21,659
Accrued interest receivable 17,690 15,470
Bank owned life insurance 113,026 111,311
Other real estate owned 538
Goodwill 145,909 145,909
Core deposit intangibles 1,881 2,364
Other assets 31,353 28,275
Total assets 5,368,641 5,108,442
Deposits:    
Noninterest-bearing 758,213 776,843
Interest-bearing 3,230,552 3,018,285
Total deposits 3,988,765 3,795,128
Borrowings 629,979 670,077
Subordinated debentures (net of debt issuance costs of $1,681 and $456, respectively) 128,474 54,699
Other liabilities 26,552 23,101
Total liabilities 4,773,770 4,543,005
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Preferred stock, authorized 5,000,000 shares; issued -0- shares of Series B preferred stock at September 30, 2018 and December 31, 2017; outstanding -0- shares at September 30, 2018 and December 31, 2017; liquidation value of $-0- at September 30, 2018 and December 31, 2017
Common stock, no par value, authorized 50,000,000 shares; issued 34,303,850 shares at September 30, 2018 and 34,135,782 at December 31, 2017; outstanding 32,239,928 shares at September 30, 2018 and 32,071,860 at December 31, 2017 412,546 412,546
Additional paid-in capital 14,625 13,602
Retained earnings 195,101 160,025
Treasury stock, at cost (2,063,922 common shares at September 30, 2018 and December 31, 2017) (16,717) (16,717)
Accumulated other comprehensive loss (10,684) (4,019)
Total stockholders' equity 594,871 565,437
Total liabilities and stockholders' equity $ 5,368,641 $ 5,108,442
XML 15 R3.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CONDITION (Parenthetical) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Subordinated debentures, debt issuance costs $ 1,681 $ 456
Preferred stock, shares authorized 5,000,000 5,000,000
Preferred Stock, total liquidation value $ 0 $ 0
Common stock, shares authorized 50,000,000 50,000,000
Common stock, shares issued 34,303,850 34,135,782
Common stock, shares outstanding 32,239,928 32,071,860
Treasury Stock, Shares 2,063,922 2,063,922
Series B Preferred Stock [Member]    
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
XML 16 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income        
Interest and fees on loans $ 51,699 $ 43,241 $ 148,218 $ 121,879
Interest and dividends on investment securities:        
Taxable 2,154 1,695 6,191 5,042
Tax-exempt 785 870 2,377 2,655
Dividends 530 362 1,517 982
Interest on federal funds sold and other short-term investments 183 170 607 555
Total interest income 55,351 46,338 158,910 131,113
Interest expense        
Deposits 10,681 6,113 27,538 16,717
Borrowings 4,708 3,206 14,318 9,135
Total interest expense 15,389 9,319 41,856 25,852
Net interest income 39,962 37,019 117,054 105,261
Provision for loan losses 1,100 1,450 20,000 4,000
Net interest income after provision for loan losses 38,862 35,569 97,054 101,261
Noninterest income        
Annuities and insurance commissions [1] [2] 39 [2]
Income on bank owned life insurance [1] 751 985 [2] 2,300 2,402 [2]
Net gains on sale of loans held-for-sale [1] 2 50 [2] 31 120 [2]
Deposit, loan and other income 676 721 1,893 2,023
Net gains on sales of securities available-for-sale [1] [2] 1,596 [2]
Total noninterest income 1,429 1,756 [2] 4,224 6,180 [2]
Noninterest expenses        
Salaries and employee benefits 10,174 8,810 29,575 25,521
Occupancy and equipment 2,137 1,969 6,311 6,215
FDIC insurance 735 840 2,350 2,550
Professional and consulting 891 740 2,439 2,192
Marketing and advertising 192 225 736 770
Data processing 1,102 1,176 3,341 3,474
Merger expenses 375 399
Amortization of core deposit intangible 145 169 483 555
Other components of net periodic pension expense 7 62 21 189
Increase in valuation allowance, loans held-for-sale 3,000 15,325
Change in fair value of equity securities 157 325
Other expenses 2,372 1,650 6,474 5,402
Total noninterest expenses 18,287 18,641 52,454 62,193
Income before income tax expense 22,004 18,684 48,824 45,248
Income tax expense 2,102 5,607 7,144 12,608
Net income $ 19,902 $ 13,077 $ 41,680 $ 32,640
Earnings per common share:        
Basic $ 0.62 $ 0.41 $ 1.3 $ 1.02
Diluted 0.61 0.41 1.29 1.01
Dividends per common share $ 0.075 $ 0.075 $ 0.225 $ 0.225
[1] Not within scope of ASC 606.
[2] The Company elected the modified respective approach of adoption; therefore, prior period balances are presented under legacy GAAP and may not be comparable to current year presentation.
XML 17 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Statement of Comprehensive Income [Abstract]        
Net income $ 19,902 $ 13,077 $ 41,680 $ 32,640
Unrealized gains and losses:        
Unrealized holding (losses) gains on available-for-sale securities arising during the period (2,840) 415 (9,639) 1,332
Tax effect 729 (165) 2,466 (525)
Net of tax (2,111) 250 (7,173) 807
Reclassification adjustment for realized gains included in net income (1,596)
Tax effect 579
Net of tax (1,017)
Unrealized gains (losses) on cash flow hedges 14 119 1,108 76
Tax effect (5) (48) (312) (31)
Net of tax 9 71 796 45
Unrealized pension plan gains (losses):        
Unrealized pension plan gains (losses) before reclassifications 236 (2)
Tax effect (67) 1
Net of tax 169 (1)
Reclassification adjustment for amortization included in net income 91 103 274 309
Tax effect (26) (42) (77) (126)
Net of tax 65 61 197 183
Total other comprehensive (loss) income (2,037) 382 (6,011) 17
Total comprehensive income $ 17,865 $ 13,459 $ 35,669 $ 32,657
XML 18 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-In Capital [Member]
Retained Earnings [Member]
Treasury Stock [Member]
Accumulated Other Comprehensive (Loss) Income [Member]
Total
Balance at Dec. 31, 2016 $ 412,726 $ 11,407 $ 126,462 $ (16,717) $ (2,846) $ 531,032
Net income 32,640 32,640
Other comprehensive loss, net of tax 17 17
Cash dividends declared on common stock ($0.225 per share) (7,251) (7,251)
Stock issuance costs (180) (180)
Exercise of stock options (102,378 and 10,846 shares) 118 118
Restricted stock grants (23,018 and 57,164 shares)
Stock-based compensation expense 1,315 1,315
Balance at Sep. 30, 2017 412,546 12,840 151,851 (16,717) (2,829) 557,691
Balance at Dec. 31, 2017 412,546 13,602 160,025 (16,717) (4,019) 565,437
Reclassification of stranded tax effects (ASU 2018-02) (see Note 8) 709 (709)
Cumulative effect of adopting ASU 2016-01 (see Note 8) (55) 55
Net income 41,680 41,680
Other comprehensive loss, net of tax (6,011) (6,011)
Cash dividends declared on common stock ($0.225 per share) (7,258) (7,258)
Exercise of stock options (102,378 and 10,846 shares) 524 524
Restricted stock grants (23,018 and 57,164 shares)
Net performance units issued (42,672 shares) (819) (819)
Stock-based compensation expense 1,318 1,318
Balance at Sep. 30, 2018 $ 412,546 $ 14,625 $ 195,101 $ (16,717) $ (10,684) $ 594,871
XML 19 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Statement of Stockholders' Equity [Abstract]    
Cash dividends declared on common stock (in Dollars per share) $ 0.225 $ 0.225
Exercise of stock options, shares 102,378 10,846
Restricted stock and performance units grants, shares 23,018 57,164
Net performance units issued 42,672  
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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net income $ 41,680 $ 32,640
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 2,336 2,364
Provision for loan losses 20,000 4,000
Increase in valuation allowance 15,325
Amortization of intangibles 483 555
Net accretion of loans (969) (1,106)
Accretion on bank premises (46) (58)
Accretion on deposits (46) (19)
Accretion on borrowings (98) (156)
Stock-based compensation expense 499 1,315
Gains on sales of investment securities, net [1] (1,596) [2]
Change in fair value of equity securities, net 325
Gains on sales of loans held-for-sale, net (31) (120)
Gains on sales of fixed assets, net (8)
Loans originated for resale (2,206) (6,790)
Proceeds from sale of loans held-for-sale 2,337 12,015
Net loss on sale of other real estate owned 192 82
Net increase in cash surrender value of bank owned life insurance (1,715) (2,402)
Amortization of premiums and accretion of discounts on investments securities, net 2,577 1,808
Amortization of subordinated debt issuance costs 250 124
Increase in accrued interest receivable (2,220) (1,876)
Decrease in other assets 42 8,770
Increase in other liabilities 3,945 3,444
Net cash provided by operating activities 67,335 68,311
Investment securities available-for-sale:    
Purchases (114,457) (138,945)
Sales 29,543
Maturities, calls and principal repayments 115,757 61,700
Net redemptions (purchases) of restricted investment in bank stocks 1,011 (5,362)
Payments on loans held-for-sale 159 2,841
Net increase in loans (283,283) (447,457)
Proceeds from sales of fixed assets 8
Purchases of premises and equipment (1,629) (2,148)
Purchases of bank owned life insurance (10,000)
Proceeds from sale of other real estate owned 884 1,124
Net cash used in investing activities (281,558) (508,696)
Cash flows from financing activities    
Net increase in deposits 193,683 279,517
Increase in subordinated debentures 73,525
Advances of Federal Home Loan Bank ("FHLB") borrowings 1,256,000 780,000
Repayments of FHLB borrowings (1,296,000) (656,000)
Repayment of repurchase agreement (15,000)
Cash dividends paid on common stock (7,243) (7,207)
Common stock issuance costs (180)
Proceeds from exercise of stock options 524 118
Net cash provided by financing activities 220,489 381,248
Net change in cash and cash equivalents 6,266 (59,137)
Cash and cash equivalents at beginning of period 149,582 200,399
Cash and cash equivalents at end of period 155,848 141,262
Cash payments for:    
Interest paid on deposits and borrowings 40,200 25,807
Income taxes 2,507 4,670
Supplemental disclosures of noncash investing activities    
Transfer of loans to other real estate owned 538 580
Transfer of loans held-for-investment to loans held-for-sale 21,236 34,652
Transfer of loans held-for-sale to held-for-investment $ 45,552
[1] Not within scope of ASC 606.
[2] The Company elected the modified respective approach of adoption; therefore, prior period balances are presented under legacy GAAP and may not be comparable to current year presentation.
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Nature of Operations and Principles of Consolidation
9 Months Ended
Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Nature of Operations and Principles of Consolidation

Note 1. Nature of Operations and Principles of Consolidation

ConnectOne Bancorp, Inc. (the “Parent Corporation”) is incorporated under the laws of the State of New Jersey and is a registered bank holding company. The Parent Corporation’s business currently consists of the operation of its wholly-owned subsidiary, ConnectOne Bank (the “Bank” and, collectively with the Parent Corporation and the Parent Corporation’s subsidiaries, the “Company”). The Bank’s subsidiaries include Union Investment Co. (a New Jersey investment company), Twin Bridge Investment Co. (a Delaware investment company), ConnectOne Preferred Funding Corp. (a New Jersey real estate investment trust), Center Financial Group, LLC (a New Jersey financial services company), Center Advertising, Inc. (a New Jersey advertising company), Morris Property Company, LLC, (a New Jersey limited liability company), Volosin Holdings, LLC, (a New Jersey limited liability company), and NJCB Spec-1, LLC (a New Jersey limited liability company).

The Bank is a community-based, full-service New Jersey-chartered commercial bank that was founded in 2005. The Bank operates from its headquarters located at 301 Sylvan Avenue in the Borough of Englewood Cliffs, Bergen County, New Jersey and through its twenty-one other banking offices. Substantially all loans are secured with various types of collateral, including business assets, consumer assets and commercial/residential real estate. Each borrower’s ability to repay its loans is dependent on the conversion of assets, cash flows generated from the borrower’s business, real estate rental and consumer wages.

The preceding unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X, and, accordingly, do not include all of the information and footnotes required by GAAP for complete financial statements. However, in the opinion of management, all adjustments considered necessary for a fair presentation have been included. Operating results for the three and nine months ended September 30, 2018 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2018, or for any other interim period. The Company’s 2017 Annual Report on Form 10-K should be read in conjunction with these consolidated financial statements.

In preparing the consolidated financial statements, management has made estimates and assumptions that affect the reported amounts of assets and liabilities as of the dates of the consolidated statements of condition and that affect the results of operations for the periods presented. Actual results could differ significantly from those estimates.

The consolidated financial statements have been prepared in conformity with GAAP. Some items in the prior year consolidated financial statements were reclassified to conform to current presentation. Reclassifications had no effect on prior year net income or stockholders’ equity.

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New Authoritative Accounting Guidance
9 Months Ended
Sep. 30, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]  
New Authoritative Accounting Guidance

Note 2. New Authoritative Accounting Guidance

ASU 2018-15, “Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract.” 'These amendments align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license). The accounting for the service element of a hosting arrangement that is a service contract is not affected by these amendments. ASU 2018-15 is effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2019. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.

ASU 2018-14, “Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans.” These amendments modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. ASU 2018-14 is effective for fiscal years ending after December 15, 2020. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.

ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement.” The amendments in this update modify disclosure requirements on fair value measurements by removing, modifying and adding certain disclosure requirements. The amendments primarily pertain to Level 3 fair value measurements and depending on the amendment are applied either prospectively or retrospectively. ASU 2018-13 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.

ASU 2018-10, “Codification Improvements to Topic 842, Leases.” These amendments affect narrow aspects of the guidance issued in the amendments in ASU 2016-02 including those regarding residual value guarantees, rate implicit in the lease, lessee reassessment of lease classification, lessor reassessment of lease term and purchase option, variable lease payments that depend on an index or a rate, investment tax credits, lease term and purchase option, transition guidance for amounts previously recognized in business combinations, certain transition adjustments, transition guidance for leases previously classified as capital leases under Topic 840, transition guidance for modifications to leases previously classified as direct financing or sales-type leases under Topic 840, transition guidance for sale and leaseback transactions, impairment of net investment in the lease, unguaranteed residual asset, effect of initial direct costs on rate implicit in the lease, and failed sale and leaseback transactions. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.

ASU 2018-01, “Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842.” ASU 2018-01 provides an optional transition practical expedient for the adoption of ASU 2016-02 that, if elected, would not require an organization to reconsider their accounting for existing land easements that are not currently accounted for under the old leases standard; and clarify that new or modified land easements should be evaluated under ASU 2016-02, once an entity has adopted the new standard. ASU 2018-01 is effective for fiscal years beginning after December 15, 2018. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.

ASU No. 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.” ASU No. 2017-12 refines and expands hedge accounting for both financial (e.g., interest rate) and commodity risks. Its provisions create more transparency around how economic results are presented, both on the face of the financial statements and in the footnotes. It also makes certain targeted improvements to simplify the application of hedge accounting guidance. ASU 2017-12 will be effective for public business entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Although management continues to evaluate the potential impact of ASU 2017-12 on our consolidated financial statements, at this time, we believe the adoption of this standard will not have a significant impact on our consolidated financial statements.

ASU No. 2017-08, “'Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20), Premium Amortization on Purchased Callable Debt Securities.” ASU No. 2017-08 shortens the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. ASU 2017-08 will be effective for public business entities for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. We are currently evaluating this ASU to determine the impact on our consolidated financial statements.

ASU No. 2017-04, “Intangibles – Goodwill and Other (Topic 350).” ASU 2017-04 aims to simplify the subsequent measurement of goodwill. Under these amendments, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. The Board also eliminated the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment. An entity is required to disclose the amount of goodwill allocated to each reporting unit with a zero or negative carrying amount of net assets and still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2019. Although management continues to evaluate the potential impact of ASU 2017-04 on our consolidated financial statements, at this time, we believe the adoption of this standard will not have a significant impact on our consolidated financial statements.

ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Assets Measured at Amortized Cost.” ASU 2016-13 requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The amendments in this update replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates and affects loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company has formed a CECL committee that is assessing our data and system needs. The Company has engaged a third-party vendor to assist is analyzing our data and developing a CECL model. The Company has recently met with the third-party vendor and discussed our data, in terms of what is available and potential gaps. The Company also discussed modeling standards, loan segmentation, as well as potential external inputs to supplement our historical loss history. We expect to recognize a one-time cumulative effect adjustment to the allowance for loan losses as of the beginning of the first reporting period in which the ASU is effective, but cannot yet determine the magnitude of any such one-time adjustment or the overall impact of the ASU on our consolidated financial statements.

ASU No. 2016-02, “Leases (Topic 842)” requires the recognition of a right of use asset and related lease liability by lessees for leases classified as operating leases under current GAAP. Topic 842, which replaces the current guidance under Topic 840, retains a distinction between finance leases and operating leases. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee also will not significantly change from current GAAP. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize right of use assets and lease liabilities. Topic 842 will be effective for the Company for reporting periods beginning January 1, 2019, with early adoption permitted. The Company must apply a modified retrospective transition approach for the applicable leases existing at, or entered into after, the beginning of the earliest comparative period presented in the consolidated financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. The Company is currently leasing properties as branch locations and is leasing certain office equipment. Currently, the Company is in the process of evaluating all of our leases for compliance for the new ASU. As part of that process, management is developing a systematic approach that can be used to calculate the financial statement impact starting in 2019. The adoption of ASU 2016-02 will result in increases to the Company's assets and liabilities.

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Earnings per Common Share
9 Months Ended
Sep. 30, 2018
Earnings per common share:  
Earnings per Common Share

Note 3. Earnings per Common Share

Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”) No. 260-10-45 addresses whether instruments granted in share-based payment transactions are participating securities prior to vesting and, therefore, need to be included in the earnings allocation in computing earnings per share (“EPS”). The restricted stock awards previously granted by the Company contain non-forfeitable rights to dividends and therefore are considered participating securities. The two-class method for calculating basic EPS excludes dividends paid to participating securities and any undistributed earnings attributable to participating securities.

Earnings per common share have been computed based on the following:

Three Months Ended Nine Months Ended
September 30, September 30,
(in thousands, except for per share data)
      2018       2017       2018       2017
Income attributable to common stock $       19,860 $       13,035 $       41,582 $        32,534
Earnings allocated to participating securities 42 42 98 106
Net income $ 19,902 $ 13,077 $ 41,680 $ 32,640
Weighted average common shares outstanding, including participating securities 32,167 32,015 32,127 31,999
Weighted average participating securities (25 ) (103 ) (34 ) (104 )
Weighted average common shares outstanding 32,142 31,912 32,093 31,895
Incremental shares from assumed conversions of options, performance units and restricted shares 177 270 220 272
Weighted average common and equivalent shares outstanding 32,319 32,182 32,313 32,167
   
Earnings per common share:
Basic $ 0.62 $ 0.41 $ 1.30 $ 1.02
Diluted 0.61 0.41 1.29 1.01

There were no antidilutive share equivalents as of September 30, 2018 and September 30, 2017.

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Securities Available-for-Sale
9 Months Ended
Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]  
Securities Available-for-Sale

Note 4. Securities Available-for-Sale

Securities available-for-sale are reported at fair value with unrealized gains or losses included in stockholders’ equity, net of tax. Accordingly, the carrying value of such securities reflects their fair value as of September 30, 2018 and December 31, 2017. Fair value is based upon either quoted market prices, or in certain cases where there is limited activity in the market for a particular instrument, assumptions are made to determine their fair value. See Note 7 of the Notes to Consolidated Financial Statements for a further discussion.

The following table summarizes the amortized cost and fair value of securities available-for-sale at September 30, 2018 and December 31, 2017 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss).

Gross Gross
Amortized Unrealized Unrealized Fair
Cost Gains Losses Value
September 30, 2018 (dollars in thousands)
Securities available-for-sale                    
Federal agency obligations $     48,963 $     14 $     (1,443 ) $     47,534
Residential mortgage pass-through securities 196,650 75 (6,174 ) 190,551
Commercial mortgage pass-through securities 3,953 - (110 ) 3,843
Obligations of U.S. states and political subdivisions 133,564 727 (3,903 ) 130,388
Corporate bonds and notes 26,305 96 (439 ) 25,962
Asset-backed securities 10,317 59 (13 ) 10,363
Certificates of deposit 420 3 - 423
Other securities 975 - - 975
Total securities available-for-sale $ 421,147 $ 974 $ (12,082 ) $ 410,039
                     
Gross Gross
Amortized Unrealized Unrealized Fair
Cost Gains Losses Value
December 31, 2017 (dollars in thousands)
Securities available-for-sale
Federal agency obligations $ 56,297 $ 141 $ (416 ) $ 56,022
Residential mortgage pass-through securities 183,509 330 (1,948 ) 181,891
Commercial mortgage pass-through securities 4,054 3 (3 ) 4,054
Obligations of U.S. states and political subdivisions 130,723 1,739 (1,334 ) 131,128
Trust preferred securities 4,577 205 (111 ) 4,671
Corporate bonds and notes 29,801 163 (271 ) 29,693
Asset-backed securities 12,021 66 (37 ) 12,050
Certificates of deposit 621 4 - 625
Equity securities 11,843 235 (350 ) 11,728
Other securities 3,422 - - 3,422
Total securities available-for-sale $ 436,868 $ 2,886 $ (4,470 ) $ 435,284

Effective January 1, 2018, the Company implemented ASU 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” Under ASU 2016-01, equity securities, with certain exceptions, are to be measured at fair value with changes in fair value recognized in net income. As of March 31, 2018, the Company began separately presenting equity securities with readily determinable fair values on the Statements of Condition within the “Equity securities” caption. Net unrealized losses recognized on equity securities with readily determinable fair values for the three and nine months ended as of September 30, 2018 were $157 thousand and $325 thousand, respectively.

Investment securities having a carrying value of approximately $157.0 million and $157.8 million at September 30, 2018 and December 31, 2017, respectively, were pledged to secure public deposits, borrowings, Federal Reserve Discount Window borrowings and Federal Home Loan Bank advances and for other purposes required or permitted by law. As of September 30, 2018 and December 31, 2017, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity.

The following table presents information for investments in securities available-for-sale at September 30, 2018, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. Securities not due at a single maturity date are shown separately.

September 30, 2018
Amortized Fair
Cost Value
(dollars in thousands)
Securities available-for-sale:            
Due in one year or less $     4,429 $     4,425
Due after one year through five years 36,607 36,375
Due after five years through ten years 28,135 28,290
Due after ten years 150,398 145,580
Residential mortgage pass-through securities 196,650 190,551
Commercial mortgage pass-through securities 3,953 3,843
Other securities 975 975
Total securities available-for-sale $ 421,147 $ 410,039

Gross gains and losses from the sales, calls and maturities of securities for periods presented were as follows:

Three Months Ended Nine Months Ended
September 30, September 30,
(dollars in thousands)
              2018      2017        2018        2017
Proceeds $      - $      - $          - $       29,543
 
Gross gains on sales of securities - - - 1,596
Gross losses on sales of securities - - - -
Net gains on sales of securities - - - 1,596
Less: tax provision on net gains - - - (579 )
 
Net gains on sales of securities, after tax $ - $ - $ - $ 1,017

The Company reviews all securities for potential recognition of other-than-temporary impairment. The Company maintains a watch list for the identification and monitoring of securities experiencing problems that require a heightened level of review. This could include credit rating downgrades.

The Company’s assessment of whether an impairment in the portfolio is other-than temporary includes factors such as whether the issuer has defaulted on scheduled payments, announced restructuring and/or filed for bankruptcy, has disclosed severe liquidity problems that cannot be resolved, disclosed deteriorating financial condition or sustained significant losses.

Temporarily Impaired Securities

The Company does not believe that any of the unrealized losses, which were comprised of 170 and 112 securities as of September 30, 2018 and December 31, 2017, respectively, represent an other-than-temporary impairment (“OTTI”). The gross unrealized losses associated with U.S. Treasury and agency securities, federal agency obligations, mortgage-backed securities, corporate bonds, tax-exempt securities, asset-backed securities, trust preferred securities, mutual funds and equity securities are not considered to be other-than-temporary because these unrealized losses are related to changes in interest rates and do not affect the expected cash flows of the underlying collateral or issuer.

Factors which may contribute to unrealized losses include credit risk, market risk, changes in interest rates, economic cycles, and liquidity risk. The magnitude of any unrealized loss may be affected by the relative concentration of the Company’s investment in any one issuer or industry. The Company has established policies to reduce exposure through diversification of the securities portfolio including limits on concentrations to any one issuer. The Company believes the securities portfolio is prudently diversified.

The unrealized losses included in the tables below are primarily related to changes in interest rates and credit spreads. All of the Company’s securities are performing and are expected to continue to perform in accordance with their respective contractual terms and conditions. These are largely intermediate duration holdings and, in certain cases, monthly principal payments can further reduce loss exposure resulting from an increase in rates.

The Company evaluates all securities with unrealized losses quarterly to determine whether the loss is other-than-temporary. Unrealized losses in the corporate debt securities category consist primarily of senior unsecured corporate debt securities issued by large financial institutions, insurance companies and other corporate issuers. Single issuer corporate trust preferred securities are also included, and in the case of one holding the market valuation loss is largely based upon the floating rate coupon and corresponding market valuation. Neither that trust preferred issuer, nor any other corporate issuers, have defaulted on interest payments. The unrealized loss in equity securities consists of losses on other bank equities. The decline in fair value is due in large part to the lack of an active trading market for these securities, changes in market credit spreads and rating agency downgrades. Management concluded that these securities were not OTTI at September 30, 2018.

In determining whether or not securities are OTTI, the Company must exercise considerable judgment. Accordingly, there can be no assurance that the actual results will not differ from the Company’s judgments and that such differences may not require the future recognition of OTTI charges that could have a material effect on the Company’s financial position and results of operations. In addition, the value of, and the realization of any loss on, a security is subject to numerous risks as cited above.

The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category and the length of time individual securities have been in a continuous unrealized loss position at September 30, 2018 and December 31, 2017:

September 30, 2018
Total Less than 12 Months 12 Months or Longer
Fair Unrealized Fair Unrealized Fair Unrealized
Value Losses Value    Losses    Value    Losses
   (dollars in thousands)
Investment Securities
Available-for-Sale:                  
Federal agency obligation $     45,057 $     (1,443 ) $     21,455 $     (513 ) $     23,602 $     (930 )
Residential mortgage pass-through securities 185,442 (6,174 ) 106,190 (2,491 ) 79,252 (3,683 )
Commercial mortgage pass-through securities 3,843 (110 ) 3,843 (110 ) - -
Obligations of U.S. states and political subdivisions 78,481 (3,903 ) 33,733 (877 ) 44,748 (3,026 )
Corporate bonds and notes 15,655 (439 ) 11,008 (124 ) 4,647 (315 )
Asset-backed securities 4,113 (13 ) 2,303 (8 ) 1,810 (5 )
Total temporarily impaired securities $ 332,591 $ (12,082 ) $ 178,532 $ (4,123 ) $ 154,059 $ (7,959 )
 
  December 31, 2017
Total Less than 12 Months 12 Months or Longer
Fair Unrealized Fair Unrealized Fair Unrealized
Value Losses Value Losses Value Losses
(dollars in thousands)
Investment Securities
Available-for-Sale:                  
Federal agency obligation $     39,813 $     (416 ) $     28,407 $     (213 ) $     11,406 $     (203 )
Residential mortgage pass-through securities 148,574 (1,948 ) 117,556 (1,146 ) 31,018 (802 )
Commercial mortgage pass-through securities 1,198 (3 ) 1,198 (3 ) - -
Obligations of U.S. states and political subdivisions 57,685 (1,334 ) 17,909 (246 ) 39,776 (1,088 )
Trust preferred securities 1,469 (111 ) - - 1,469 (111 )
Corporate bonds and notes 11,074 (271 ) 1,965 (21 ) 9,109 (250 )
Asset-backed securities 7,428 (37 ) 993 (2 ) 6,435 (35 )
Equity securities 11,116 (350 ) - - 11,116 (350 )
Total temporarily impaired securities $ 278,357 $ (4,470 ) $ 168,028 $ (1,631 ) $ 110,329 $ (2,839 )
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Derivatives
9 Months Ended
Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives

Note 5. Derivatives

The Company utilizes interest rate swap agreements as part of its asset liability management strategy to help manage its interest rate risk position. The notional amount of the interest rate swap does not represent amounts exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual interest rate swap agreements.

Interest rate swaps were entered into on April 13, 2017, August 24, 2015, December 30, 2014 and October 15, 2014, each with a respective notional amount of $25 million and were designated as cash flow hedges of a Federal Home Loan Bank (“FHLB”) advance. The swaps were determined to be fully effective during the period presented and therefore no amount of ineffectiveness has been included in net income while the aggregate fair value of the swaps is recorded in other assets (liabilities) with changes in fair value recorded in other comprehensive income (loss). The amount included in accumulated other comprehensive income (loss) would be reclassified to current earnings should the hedges no longer be considered effective. The Company expects the hedges to remain fully effective during the remaining term of the swaps.

Summary information about the interest rate swaps designated as cash flow hedges as of September 30, 2018, December 31, 2017 and September 30, 2017 are presented in the following table.

September 30, December 31, September 30,
      2018       2017       2017
(dollars in thousands)
Notional amount $      100,000 $      100,000 $      100,000
Weighted average pay rates 1.68 % 1.66 % 1.52 %
Weighted average receive rates 2.12 % 1.23 % 1.07 %
Weighted average maturity 1.7 years 2.4 years 2.7 years
 
Fair value $ 1,906 $ 798 $ 164

Net interest income recorded on these swap transactions totaled approximately $173 thousand and $326 thousand for the three and nine months ended September 30, 2018, respectively, and net interest expense recorded on these swap transactions totaled $95 thousand and $326 thousand for the three and nine months ended September 30, 2017, respectively, and is reported as a component of interest expense on FHLB advances.

Cash Flow Hedge

The following table presents the net losses recorded in other comprehensive income and the Consolidated Statements of Income relating to the cash flow derivative instruments for the following periods:

Nine Months Ended September 30, 2018
Amount of gain Amount of gain Amount of gain
recognized reclassified recognized in other
in OCI (Effective from OCI to Noninterest income
      Portion)       interest income       (Ineffective Portion)
(dollars in thousands)
Interest rate contracts $ 796 $ - $ -

Nine Months Ended September 30, 2017
Amount of gain Amount of gain Amount of gain
recognized reclassified recognized in other
in OCI (Effective from OCI to Noninterest income
      Portion)       interest income       (Ineffective Portion)
(dollars in thousands)
Interest rate contracts $ 45 $ - $ -

The following table reflects the cash flow hedges included in the consolidated statements of condition as of September 30, 2018 and December 31, 2017:

September 30, 2018 December 31, 2017
Notional Notional
      Amount       Fair Value       Amount       Fair Value
(dollars in thousands)
Interest rate swaps related to FHLB advances included in assets $      100,000 $      1,906 $      100,000 $      798
XML 26 R14.htm IDEA: XBRL DOCUMENT v3.10.0.1
Loans and the Allowance for Loan Losses
9 Months Ended
Sep. 30, 2018
Receivables [Abstract]  
Loans and the Allowance for Loan Losses

Note 6. Loans and the Allowance for Loan Losses

Loans Receivable: Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of deferred loan fees and costs, premiums and discounts related to purchase accounting, and an allowance for loan losses. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments.

Loan segments are defined as a group of loans, which share similar initial measurement attributes, risk characteristics, and methods for monitoring and assessing credit risk. Management has determined that the Company has five segments of loans: commercial, commercial real estate, commercial construction, residential real estate (including home equity) and consumer.

The recognition of interest income on commercial, commercial real estate, commercial construction and residential loans is discontinued at the time the loan is 90 days delinquent unless the loan is well-secured and in process of collection. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. Nonaccrual loans and loans past due 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. A loan is moved to nonaccrual status in accordance with the Company’s policy, typically after 90 days of non-payment.

All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.

The policy of the Company is to generally grant commercial, residential and consumer loans to residents and businesses within our market area. The borrowers’ abilities to repay their obligations are dependent upon various factors including the borrowers’ income and net worth, cash flows generated by the borrowers’ underlying collateral, value of the underlying collateral, and priority of the lender’s lien on the property. Such factors are dependent upon various economic conditions and individual circumstances beyond the control of the Company. The Company is therefore subject to risk of loss. The Company believes its lending policies and procedures adequately minimize the potential exposure to such risks and that adequate provisions for loan losses are provided for all known and inherent risks. Collateral and/or personal guarantees are required for a large majority of the Company’s loans.

Loans Held-for-Sale: Residential mortgage loans, originated and intended for sale in the secondary market, are carried at the lower of aggregate cost or estimated fair value as determined by outstanding commitments from investors. For these loans originated and intended for sale, gains and losses on loan sales (sale proceeds minus carrying value) are recorded in other income and direct loan origination costs and fees are deferred at origination of the loan and are recognized in other income upon sale of the loan.

Other loans held-for-sale are carried at the lower of aggregate cost or estimated fair value. Fair value of these loans is determined based on the terms of the loan, such as interest rate, maturity date, reset term, as well as sales of similar assets.

Net unrealized losses, if any, are recorded as a valuation allowance and charged to earnings.

Allowance for Loan Losses: The allowance for loan losses is a valuation allowance for probable incurred credit losses. Losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. Management estimates the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged off. The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired.

A loan is impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans, for which the terms have been modified, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings (“TDRs”) and classified as impaired. As part of the evaluation of impaired loans, the Company individually reviews for impairment all non-homogeneous loans internally classified as substandard or below. Generally, smaller impaired non-homogeneous loans and impaired homogeneous loans are collectively evaluated for impairment.

Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management 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.

TDRs are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a TDR is considered to be a collateral dependent loan, impairment of the loan is measured using the fair value of the collateral. For TDRs that subsequently default, the Company determines the amount of reserve in accordance with the accounting policy for the allowance for loan losses.

The general component covers non-impaired loans and is based on historical loss experience adjusted for current factors. The historical loss experience, the primary factor, is determined by loan class and is based on the actual loss history experienced by the Bank over an actual three-year rolling calculation. This actual loss experience is supplemented with other economic factors based on the risks present for each portfolio category and with the exogenous factor adjustments based on the risks present for each loan category. These exogenous factors include consideration of the following: concentrations of credit; delinquency & nonaccrual trends; economic & business conditions including evaluation of the national and regional economies and industries with significant loan concentrations; external factors including legal, regulatory or competitive pressures that may impact the loan portfolio; changes in the experience, ability, or size of the lending staff, management, or board of directors that may impact the loan portfolio; changes in underwriting standards, collection procedures, charge-off practices, or other changes in lending policies and procedures that may impact the loan portfolio; loss and recovery trends; changes in portfolio size and mix; and trends in problem loans.

Purchased Credit-Impaired Loans: The Company acquires groups of loans in conjunction with mergers, some of which have shown evidence of credit deterioration since origination. These purchased credit-impaired loans are recorded at their estimated fair value, such that there is no carryover of the seller’s allowance for loan losses (“ALLL”). After acquisition, probable incurred credit losses are recognized by an increase in the ALLL.

Such purchased credit-impaired loans (“PCI”) are identified on an individual basis. The Company estimates the amount and timing of expected cash flows for each loan and the expected cash flows in excess of amount paid is recorded as interest income over the remaining life of the loan (accretable yield). The excess of the loan’s contractual principal and interest over expected cash flows is not recorded (nonaccretable difference).

A PCI loan may be resolved either through a sale of the loan, by working with the customer and obtaining partial or full repayment, by short sale of the collateral, or by foreclosure. A gain or loss on resolution would be recognized based on the difference between the proceeds received and the carrying amount of the loan.

PCI loans that met the criteria for nonaccrual may be considered performing, regardless of whether the customer is contractually delinquent, if management can reasonably estimate the timing and amount of the expected cash flows on such loans and if management expects to fully collect the new carrying value of the loans. As such, management may no longer consider the loans to be nonaccrual or nonperforming and may accrue interest on these loans, including the impact of any accretable discount.

Loans receivable - The following table sets forth the composition of the Company’s loan portfolio, including net deferred loan fees, at September 30, 2018 and December 31, 2017:

September 30, December 31,
      2018       2017
(dollars in thousands)
Commercial $      933,169 $      824,082
Commercial real estate 2,739,943 2,592,909
Commercial construction 494,206 483,216
Residential real estate 295,948 271,795
Consumer 2,508 2,808
Gross loans 4,465,774 4,174,810
Net deferred loan fees (3,287 ) (3,354 )
Total loans receivable $ 4,462,487 $ 4,171,456

At September 30, 2018 and December 31, 2017, loan balances of approximately $2.2 billion and $1.9 billion, respectively, were pledged to secure borrowings from the FHLB of New York.

Loans held-for-sale - The following table sets forth the composition of the Company’s loans held-for-sale portfolio at September 30, 2018 and December 31, 2017:

September 30, December 31,
      2018       2017
(dollars in thousands)
Commercial real estate $        - $        24,475
Residential real estate 270 370
Total carrying amount $ 270 $ 24,845

Valuation allowance - The following table sets forth the composition of the Company’s valuation allowance within the loans held-for-sale portfolio during the three and nine months ended September 30, 2018 and September 30, 2017:

Three Months   Three Months
Ended Ended
September 30,   September 30,
      2018       2017
(dollars in thousands)
Balance at July 1, $ - $             12,325
Reduction from loans paid off - (38 )
Increase in valuation allowance - 3,000
Balance at September 30, $ - $ 15,287

Nine Months Nine Months
Ended Ended
September 30,   September 30,
      2018       2017
(dollars in thousands)
Balance at January 1, $ - $             -
Reduction from loans paid off - (38 )
Increase in valuation allowance - 15,325
Balance at September 30, $ - $ 15,287

Purchased Credit-Impaired Loans: The Company holds purchased loans for which there was, at their acquisition date, evidence of deterioration of credit quality since their origination and it was probable, at acquisition, that all contractually required payments would not be collected. The recorded investment of those loans is as follows at September 30, 2018 and December 31, 2017.

September 30, December 31,
      2018       2017
(dollars in thousands)
Commercial $ 2,524 $ 2,683

For those purchased loans disclosed above, the Company did not increase the allowance for loan losses during either the three or nine months ended September 30, 2018 and September 30, 2017. There were no reversals from the allowance for loan losses during the three and nine months ended September 30, 2018 and September 30, 2017.

The following table presents interest income expected to be recognized on the purchased credit-impaired loans and the related activity for the three and nine months ended September 30, 2018 and September 30, 2017:

Three Months Three Months
Ended Ended
September 30, September 30,
      2018       2017
(dollars in thousands)
Balance at July 1, $               1,259 $               2,496
Accretion of income (63 ) (180 )
Balance at September 30, $ 1,196 $ 2,316

Nine Months Nine Months
Ended Ended
September 30, September 30,
      2018       2017
(dollars in thousands)
Balance at January 1, $              1,387 $              2,860
Accretion of income (191 ) (544 )
Balance at September 30, $ 1,196 $ 2,316

Loans Receivable on Nonaccrual Status - The following table sets forth the composition of the Company’s nonaccrual loans as of September 30, 2018 and December 31, 2017:

September 30, December 31,
      2018       2017
(dollars in thousands)
Commercial $ 29,562 $ 47,363
Commercial real estate 15,927 12,757
Commercial construction 2,934 -
Residential real estate 4,592 5,493
Total nonaccrual loans $ 53,015 $ 65,613

 

Nonaccrual loans and loans 90 days or greater past due and still accruing include both smaller balance homogeneous loans that are collectively evaluated for impairment and loans individually evaluated for impairment.

The decrease in nonaccruals from the year-end 2017 was mainly attributable to a $17.0 million charge-off, related to the taxi medallion loan portfolio (which is included in the Commercial loan category) that took place during the first quarter of 2018. The taxi medallion loan portfolio was classified as substandard and impaired as of September 30, 2018 and December 31, 2017.

The Company continuously monitors the credit quality of its loans receivable. In addition to its internal monitoring, the Company utilizes the services of a third-party loan review firm to periodically validate the credit quality of its loans receivable on a sample basis. Credit quality is monitored by reviewing certain credit quality indicators. Assets classified “Pass” are deemed to possess average to superior credit quality, requiring no more than normal attention. Assets classified as “Special Mention” have generally acceptable credit quality yet possess higher risk characteristics/circumstances than satisfactory assets. Such conditions include strained liquidity, slow pay, stale financial statements, or other conditions that require more stringent attention from the lending staff. These conditions, if not corrected, may weaken the loan quality or inadequately protect the Company’s credit position at some future date. Assets are classified “Substandard” if the asset has a well-defined weakness that requires management’s attention to a greater degree than for loans classified special mention. Such weakness, if left uncorrected, could possibly result in the compromised ability of the loan to perform to contractual requirements. An asset is classified as “Doubtful” if it is inadequately protected by the net worth and/or paying capacity of the obligor or of the collateral, if any, that secures the obligation. Assets classified as doubtful include assets for which there is a “distinct possibility” that a degree of loss will occur if the inadequacies are not corrected. All loans past due 90 days or greater and all impaired loans are included in the appropriate category below.

Credit Quality Indicators - The following table presents information, excluding loans held-for-sale and net deferred loan fees, about the Company’s loan credit quality at September 30, 2018 and December 31, 2017:

September 30, 2018
Special
     Pass      Mention      Substandard      Doubtful      Total
(dollars in thousands)
Commercial (1) $      887,024 $      12,639 $      33,506 $      - $      933,169
Commercial real estate 2,699,338 10,651 29,954 - 2,739,943
Commercial construction 481,226 5,458 7,522 - 494,206
Residential real estate 291,223 - 4,725 - 295,948
Consumer 2,484 - 24 - 2,508
Gross loans $ 4,361,295 $ 28,748 $ 75,731 $ - $ 4,465,774
 
December 31, 2017
Special
Pass Mention Substandard Doubtful Total
(dollars in thousands)
Commercial $ 767,020 $ 3,764 $ 53,298 $ - $ 824,082
Commercial real estate 2,534,973 34,335 23,601 - 2,592,909
Commercial construction 475,066 5,521 2,629 - 483,216
Residential real estate 266,163 - 5,632 - 271,795
Consumer 2,767 - 41 - 2,808
Gross loans $ 4,045,989 $ 43,620 $ 85,201 $ - $ 4,174,810

(1)       Reflects a $17.0 million charge-off related to the taxi medallion loans classified as “substandard”.

The following table provides an analysis of the impaired loans by category as of September 30, 2018 and December 31, 2017:

September 30, 2018
            Unpaid      
Recorded Principal Related
Investment Balance Allowance
No related allowance recorded (dollars in thousands)
Commercial $ 31,471 $ 92,452
Commercial real estate 21,483 21,636
Commercial construction 10,428 10,429
Residential real estate 2,237 2,533
Consumer - -
Total (no related allowance) $ 65,619 $ 127,050
  
With an allowance recorded
Commercial real estate $     8,529 $     8,529 $     709
Residential real estate 263 266 32
Total (with allowance) $ 8,792 $ 8,795 $ 741
  
Total
Commercial $ 31,471 $ 92,452 $ -
Commercial real estate 30,012 30,165 709
Commercial construction 10,428 10,429 -
Residential real estate 2,500 2,799 32
Consumer - - -
Total $ 74,411 $ 135,845 $ 741
  
  December 31, 2017
            Unpaid     
  Recorded Principal Related
  Investment Balance Allowance
No related allowance recorded (dollars in thousands)
Commercial $ 49,761 $ 101,066
Commercial real estate 23,905 23,976
Commercial construction 6,662 6,662
Residential real estate 3,203 3,442
Consumer - -
Total (no related allowance) $ 83,531 $ 135,146
  
With an allowance recorded
Commercial real estate $ 1,133 $ 1,133 $ 39
 
Total
Commercial $ 49,761 $ 101,066 $ -
Commercial real estate 25,038 25,109 39
Commercial construction 6,662 6,662 -
Residential real estate 3,203 3,442 -
Consumer - - -
Total $ 84,664 $ 136,279 $ 39

The following table provides an analysis related to the average recorded investment and interest income recognized on impaired loans by category as of and for the three and nine months ended September 30, 2018 and 2017:

Three Months Ended September 30, Nine Months Ended September 30,
2018 2017 2018 2017
Average Interest Average Interest Average Interest Average Interest
Recorded Income Recorded Income Recorded Income Recorded Income
    Investment      Recognized      Investment      Recognized      Investment     Recognized      Investment     Recognized
(dollars in thousands)
Impaired loans (no allowance):
Commercial (1) $    31,769 $    36 $    3,100 $    34 $    39,132 $    102 $    3,149 $    115
Commercial real estate 21,557 105 19,302 221 21,714 475 18,813 424
Commercial construction 10,297 92 4,285 63 11,718 387 4,273 215
Residential real estate 2,249 - 2,529 2 2,304 - 2,551 6
Consumer - - 48 1 - - 54 2
Total $ 65,872 $ 233 $ 29,264 $ 321 $ 74,868 $ 964 $ 28,840 $ 762
Impaired loans (allowance):
Commercial real estate $ 8,534 $ 11 $ 1,645 $ 2 $ 8,544 $ 34 $ 1,654 $ 39
Residential real estate 264 - - - 267 - - -
Total $ 8,798 $ 11 $ 1,645 $ 2 $ 8,811 $ 34 $ 1,654 $ 39
Total impaired loans:
Commercial (1) $ 31,769 $ 36 $ 3,100 $ 34 $ 39,132 $ 102 $ 3,149 $ 115
Commercial real estate 30,091 116 20,947 223 30,258 509 20,467 463
Commercial construction 10,297 92 4,285 63 11,718 387 4,273 215
Residential real estate 2,513 - 2,259 2 2,571 - 2,551 6
Consumer - - 48 1 - - 54 2
Total $ 74,670 $ 244 $ 30,909 $ 323 $ 83,679 $ 998 $ 30,494 $ 801

(1)       Reflects the entire taxi medallion portfolio moving back to the loans held-for-investment category from the loans held-for-sale category in November 2017.

Included in impaired loans at September 30, 2018 and December 31, 2017 are loans that are deemed troubled debt restructurings. The recorded investment in loans include accrued interest receivable and other capitalized costs such as real estate taxes paid on behalf of the borrower and loan origination fees, net, when applicable. Cash basis interest and interest income recognized on accrual basis approximate each other.

The following table provides an analysis of the aging of gross loans (excluding loans held-for-sale) that are past due at September 30, 2018 and December 31, 2017 by segment:

Aging Analysis

September 30, 2018
90 Days or
Greater Past Total Past
30-59 Days 60-89 Days Due and Still Due and
    Past Due     Past Due     Accruing     Nonaccrual     Nonaccrual     Current     Gross Loans
(dollars in thousands)
Commercial $    233 $    246 $    1,648 $    29,562 $    31,689 $    901,480 $    933,169
Commercial real estate - 3,190 - 15,927 19,117 2,720,826 2,739,943
Commercial construction - - - 2,934 2,934 491,272 494,206
Residential real estate 6 - - 4,592 4,598 291,350 295,948
Consumer 288 - - - 288 2,220 2,508
Total $ 527 $ 3,436 $ 1,648 $ 53,015 $ 58,626 $ 4,407,148 $ 4,465,774
 

Included in the 90 days or greater past due and still accruing category as of September 30, 2018 are purchased credit-impaired loan, net of its fair value marks, which accretes income per its valuation at date of acquisition.

 
December 31, 2017
90 Days or
Greater Past Total Past
30-59 Days 60-89 Days Due and Still Due and
Past Due Past Due Accruing Nonaccrual Nonaccrual Current Gross Loans
(dollars in thousands)
Commercial $    1,708 $    183 $    1,664 $    47,363 $    50,918 $    773,164 $    824,082
Commercial real estate 545 1,475 - 12,757 14,777 2,578,132 2,592,909
Commercial construction - - - - - 483,216 483,216
Residential real estate 1,578 - - 5,493 7,071 264,724 271,795
Consumer 18 - - - 18 2,790 2,808
Total $ 3,849 $ 1,658 $ 1,664 $ 65,613 $ 72,784 $ 4,102,026 $ 4,174,810

Included in the 90 days or greater past due and still accruing category as of December 31, 2017 are purchased credit-impaired loan, net of its fair value marks, which accretes income per its valuation at date of acquisition.

The following tables detail, at the period-end presented, the amount of gross loans (excluding loans held-for-sale) that are evaluated individually, and collectively, for impairment, those acquired with deteriorated credit quality, and the related portion of the allowance for loan losses (“ALLL”) that are allocated to each loan portfolio segment:

September 30, 2018
Commercial Commercial Residential
      Commercial       real estate       construction       real estate       Consumer       Unallocated       Total
(dollars in thousands)
ALLL
Individually evaluated for impairment $      - $      709 $      - $      32 $      - $      - $      741
Collectively evaluated for impairment 9,749 16,569 4,790 1,183 3 564 32,858
Acquired portfolio 200 950 - - - - 1,150
Acquired with deteriorated credit quality - - - - - - -
Total $ 9,949 $ 18,228 $ 4,790 $ 1,215 $ 3 $ 564 $ 34,749
  
Gross loans
Individually evaluated for impairment $ 31,471 $ 30,012 $ 10,428 $ 2,500 $ - $ 74,411
Collectively evaluated for impairment 891,514 2,438,638 483,778 247,211 2,123 4,063,264
Acquired portfolio 7,660 271,293 - 46,237 385 325,575
Acquired with deteriorated credit quality 2,524 - - - - 2,524
Total $ 933,169 $ 2,739,943 $ 494,206 $ 295,948 $ 2,508 $ 4,465,774
 
December 31, 2017
Commercial Commercial Residential
Commercial real estate construction real estate Consumer Unallocated Total
(dollars in thousands)
ALLL
Individually evaluated for impairment $ - $ 39 $ - $ - $ - $ - $ 39
Collectively evaluated for impairment 8,032 15,472 4,747 1,051 2 605 29,909
Acquired portfolio 200 1,600 - - - - 1,800
Acquired with deteriorated credit quality - - - - - - -
Total $ 8,232 $ 17,111 $ 4,747 $ 1,051 $ 2 $ 605 $ 31,748
 
Gross loans
Individually evaluated for impairment $ 49,761 $ 25,038 $ 6,662 $ 3,203 $ - $ 84,664
Collectively evaluated for impairment 757,923 2,190,686 476,554 212,350 2,338 3,639,851
Acquired portfolio 13,715 377,185 - 56,242 470 447,612
Acquired with deteriorated credit quality 2,683 - - - - 2,683
Total $ 824,082 $ 2,592,909 $ 483,216 $ 271,795 $ 2,808 $ 4,174,810

The Company’s allowance for loan losses is analyzed quarterly. Many factors are considered, including growth in the portfolio, delinquencies, nonaccrual loan levels, and other factors inherent in the extension of credit. There have been no material changes to the allowance for loan losses (“ALLL”) methodology as disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017.

A summary of the activity in the ALLL is as follows:

Three Months Ended September 30, 2018
        Commercial    Commercial     Residential           
Commercial real estate construction real estate Consumer Unallocated Total
(dollars in thousands)
Balance at June 30, 2018 $     8,960 $     18,221 $     4,812 $     1,167 $     3 $     431 $     33,594
 
Charge-offs - - - - (6 ) - (6 )
 
Recoveries 56 - - - 5 - 61
 
Provision for loan losses 933 7 (22 ) 48 1 133 1,100
 
Balance at September 30, 2018 $ 9,949 $ 18,228 $ 4,790 $ 1,215 $ 3 $ 564 $ 34,749
 
Three Months Ended September 30, 2017
Commercial Commercial Residential
Commercial real estate construction real estate Consumer Unallocated Total
(dollars in thousands)
Balance at June 30, 2017 $     7,238 $     15,389 $     4,241 $985 $     2 $     546 $     28,401
 
Charge-offs - - - - (1 ) - (1 )
 
Recoveries 17 2 - - 1 - 20
 
Provision for loan losses 461 1,443 (301 ) 67 - (220 ) 1,450
 
Balance at September 30, 2017 $ 7,716 $ 16,834 $ 3,940 $ 1,052 $ 2 $ 326 $ 29,870

Nine Months Ended September 30, 2018
Commercial Commercial Residential
    Commercial     real estate     construction     real estate     Consumer     Unallocated     Total
(dollars in thousands)
Balance at December 31, 2017 $      8,233 $         17,112 $      4,747 $        1,050 $            1 $             605 $      31,748
 
Charge-offs (17,066 ) - - (18 ) (7 ) - (17,091 )
 
Recoveries 87 - - - 5 - 92
 
Provision 18,695 1,116 43 183 4 (41 ) 20,000
 
Balance at September 30, 2018 $ 9,949 $ 18,228 $ 4,790 $ 1,215 $ 3 $ 564 $ 34,749

Nine Months Ended September 30, 2017
Commercial Commercial Residential
    Commercial     real estate     construction     real estate     Consumer     Unallocated     Total
(dollars in thousands)
Balance at December 31, 2016 $      6,632 $      12,583 $            4,789 $      958 $            3 $             779 $      25,744
 
Charge-offs - (71 ) - - (12 ) - (83 )
 
Recoveries 158 50 - - 1 - 209
 
Provision for loan losses 926 4,272 (849 ) 94 10 (453 ) 4,000
 
Balance at September 30, 2017 $ 7,716 $ 16,834 $ 3,940 $ 1,052 $ 2 $ 326 $ 29,870

Troubled Debt Restructurings: Loans are considered to have been modified in a troubled debt restructuring (“TDRs”) when due to a borrower’s financial difficulties, the Company makes certain concessions to the borrower that it would not otherwise consider. Modifications may include interest rate reductions, principal or interest forgiveness, forbearance, and other actions intended to minimize economic loss and to avoid foreclosure or repossession of collateral. Generally, a nonaccrual loan that has been modified in a TDR remains on nonaccrual status for a period of nine months to demonstrate that the borrower is able to meet the terms of the modified loan. However, performance prior to the modification, or significant events that coincide with the modification, are included in assessing whether the borrower can meet the new terms and may result in the loan being returned to accrual status at the time of loan modification or after a shorter performance period. If the borrower’s ability to meet the revised payment schedule is uncertain, the loan remains on nonaccrual status.

The following table presents a rollforward of TDRs and the related changes to the allowance for loan losses (“ALLL”) that occurred for the periods presented:

Nine Months Ended Year Ended
September 30, 2018 December 31, 2017
(dollars in thousands)
Recorded Recorded
      Investment       ALLL       Investment       ALLL
TDRs
Beginning balance $      20,518 $      - $      13,818 $      -
Net additions 18,913 11 10,378 -
Payoffs/paydowns (7,094 ) - (3,098 ) -
Transfers - - (580 ) -
Ending balance $ 32,337 $ 11 $ 20,518 $ -

TDRs totaled $32.3 million at September 30, 2018, of which $21.1 million were on nonaccrual status and $11.2 million were performing under restructured terms. At December 31, 2017, TDRs totaled $20.5 million, of which $5.6 million were on nonaccrual status and $14.9 million were performing under restructured terms. TDRs as of September 30, 2018 increased the ALLL during the three and nine months ended September 30, 2018 by $-0- and $147 thousand, respectively. During the nine months ended September 30, 2018, one commercial construction loan and one commercial real estate loan showed collateral improvement, resulting in approximately $136 thousand reduction in specific reserve allocations. There were no charge-offs in connection with a loan modification at the time of modification during the three and nine months ended September 30, 2018. There were no TDRs for which there was a payment default within twelve months following the modification during the three and nine months ended September 30, 2018.

The following table presents loans by class modified as TDRs that occurred during the nine months ended September 30, 2018:

Pre-Modification Post-Modification
Outstanding Outstanding
Number of Recorded Recorded
      Loans       Investment       Investment
TDRs (dollars in thousands)
Commercial 31 $ 15,737 $ 15,737
Commercial real estate 2 209 209
Commercial construction 2 1,839 1,839
Residential real estate 2 454 454
Total 37 $ 18,239 $ 18,239

Included in the commercial loan segment of the troubled debt restructurings are 27 taxi medallion loans totaling $11.2 million. All 27 taxi medallion loans included above were on nonaccrual status prior to modification, and remain on nonaccrual status post-modification. All loan modifications during the nine months ended September 30, 2018 included interest rate reductions and maturity extensions.

TDRs totaled $17.6 million at September 30, 2017, of which $4.8 million were on nonaccrual status and $12.8 million were performing under restructured terms. At December 31, 2016, TDRs totaled $13.8 million, of which $0.5 million were on nonaccrual status and $13.3 million were performing under restructured terms. TDRs as of September 30, 2017 did not increase the ALLL during the three and nine months ended September 30, 2017. There were no charge-offs in connection with a loan modification at the time of modification during the three or nine months ended September 30, 2017. There were no TDRs for which there was a payment default within twelve months following the modification during the three and nine months ended September 30, 2017.

The following table presents loans by segment modified as troubled debt restructurings that occurred during the nine months ended September 30, 2017:

Pre-Modification Post-Modification
Outstanding Outstanding
Number of Recorded Recorded
      Loans       Investment       Investment
TDRs (dollars in thousands)
Commercial real estate 2 $ 3,042 $ 3,042
Commercial construction 1 2,589 2,589
Residential real estate 1 17 17
Total 4 $ 5,648 $ 5,648
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Fair Value Measurements and Fair Value of Financial Instruments
9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Fair Value Measurements and Fair Value of Financial Instruments

Note 7. Fair Value Measurements and Fair Value of Financial Instruments

Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

Level 2: Quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (for example, supported with little or no market activity).

An asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a recurring basis at September 30, 2018 and December 31, 2017:

Securities Available-for-Sale and Equity Securities: Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 inputs include securities that have quoted prices in active markets for identical assets. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. Examples of instruments which would generally be classified within Level 2 of the valuation hierarchy include municipal bonds and certain agency collateralized mortgage obligations. In certain cases where there is limited activity in the market for a particular instrument, assumptions must be made to determine the fair value of the instruments and these are classified as Level 3. When measuring fair value, the valuation techniques available under the market approach, income approach and/or cost approach are used. The Company’s evaluations are based on market data and the Company employs combinations of these approaches for its valuation methods depending on the asset class.

Derivatives: The fair value of derivatives is based on valuation models using observable market data as of the measurement date (level 2). Our derivatives are traded in an over-the-counter market where quoted market prices are not always available. Therefore, the fair values of derivatives are determined using quantitative models that utilize multiple market inputs. The inputs will vary based on the type of derivative, but could include interest rates, prices and indices to generate continuous yield or pricing curves, prepayment rate, and volatility factors to value the position. The majority of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services.

For financial assets and liabilities measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at September 30, 2018 and December 31, 2017 are as follows:

September 30, 2018
Fair Value Measurements at Reporting Date Using
Quoted Prices
in Active Significant
Markets for Other Significant
Identical Observable Unobservable
Assets Inputs Inputs
            (Level 1)       (Level 2)       (Level 3)
(dollars in thousands)
Recurring fair value measurements:
Assets
Investment securities:
Available-for-sale:
Federal agency obligations $        47,534 $            - $            47,534 $            -
Residential mortgage pass-through securities 190,551 - 190,551 -
Commercial mortgage pass-through securities 3,843 - 3,843 -
Obligations of U.S. states and political subdivision 130,388 - 120,947 9,441
Corporate bonds and notes 25,962 - 25,962 -
Asset-backed securities 10,363 - 10,363 -
Certificates of deposit 423 - 423 -
Other securities 975 975 - -
Total available-for-sale $ 410,039 $ 975 $ 399,623 $ 9,441
 
Equity securities 11,403 11,403 - -
 
Derivatives 1,906 - 1,906 -
Total assets $ 423,348 $ 12,378 $ 401,529 $ 9,441

December 31, 2017
Fair Value Measurements at Reporting Date Using
Quoted Prices
in Active Significant
Markets for Other Significant
Identical Observable Unobservable
Assets Inputs Inputs
            (Level 1)       (Level 2)       (Level 3)
  (dollars in thousands)
Recurring fair value measurements:
Assets
Investment securities:
Available-for-sale:
Federal agency obligations $        56,022 $             - $            56,022 $               -
Residential mortgage pass-through securities 181,891 - 181,891 -
Commercial mortgage pass-through securities 4,054 - 4,054 -
Obligations of U.S. states and political subdivision 131,128 - 121,496 9,632
Trust preferred securities 4,671 - 4,671 -
Corporate bonds and notes 29,693 - 29,693 -
Asset-backed securities 12,050 - 12,050 -
Certificates of deposit 625 - 625 -
Equity securities 11,728 11,728 - -
Other securities 3,422 3,422 - -
Total available-for-sale $ 435,284 $ 15,150 $ 410,502 $ 9,632
Derivatives 798 - 798 -
Total assets $ 436,082 $ 15,150 $ 411,300 $ 9,632

There were no transfers between Level 1 and Level 2 during the quarter ended September 30, 2018 and during the year ended December 31, 2017.

Assets Measured at Fair Value on a Nonrecurring Basis

The Company may be required periodically to measure certain assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of lower of cost or fair value accounting or impairment write-downs of individual assets. The following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a nonrecurring basis at September 30, 2018 and December 31, 2017:

Loans Held-for-Sale: Residential mortgage loans, originated and intended for sale in the secondary market, are carried at the lower of aggregate cost or estimated fair value as determined by outstanding commitments from investors. For these loans originated and intended for sale, gains and losses on loan sales (sale proceeds minus carrying value) are recorded in other income and direct loan origination costs and fees are deferred at origination of the loan and are recognized in other income upon sale of the loan. Management obtains quotes or bids on all or part of these loans directly from the purchasing financial institutions (Level 2).

Impaired Loans: The Company may record adjustments to the carrying value of loans based on fair value measurements, generally as partial charge-offs of the uncollectible portions of these loans. These adjustments also include certain impairment amounts for collateral dependent loans calculated in accordance with GAAP. Impairment amounts are generally based on the fair value of the underlying collateral supporting the loan and, as a result, the carrying value of the loan less the calculated impairment amount applicable to that loan does not necessarily represent the fair value of the loan. Real estate collateral is valued using independent appraisals or other indications of value based on recent comparable sales of similar properties or assumptions generally observable by market participants. However, due to the substantial judgment applied and limited volume of activity as compared to other assets, fair value is based on Level 3 inputs. Estimates of fair value used for collateral supporting commercial loans generally are based on assumptions not observable in the market place and are also based on Level 3 inputs.

For assets measured at fair value on a nonrecurring basis, the fair value measurements at September 30, 2018 and December 31, 2017 are as follows:

            Fair Value Measurements at Reporting Date Using
Quoted            
Prices
in Active Significant
Markets for Other Significant
Identical Observable Unobservable
September 30, Assets Inputs Inputs
Assets measured at fair value on a nonrecurring basis: 2018 (Level 1) (Level 2) (Level 3)
Impaired loans:

(dollars in thousands)

Commercial real estate $ 7,820 $ - $ - $ 7,820
Residential real estate 231 231
 
Fair Value Measurements at Reporting Date Using
Quoted
Prices
in Active Significant
Markets for Other Significant
Identical Observable Unobservable
December 31, Assets Inputs Inputs
Assets measured at fair value on a nonrecurring basis: 2017 (Level 1) (Level 2) (Level 3)
Impaired loans:

(dollars in thousands)

Commercial real estate $     1,094 $     - $     - $     1,094

Impaired loans Collateral dependent impaired loans at September 30, 2018 that required a valuation allowance were $8.8 million with a related valuation allowance of $0.7 million compared to $1.1 million with a related valuation allowance of $39 thousand at December 31, 2017.

Assets Measured With Significant Unobservable Level 3 Inputs

Recurring basis

The tables below present a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the nine months ended September 30, 2018 and for the year ended December 31, 2017:

      Municipal
Securities
(dollars in thousands)
Beginning balance, January 1, 2018 $                       9,632
Principal paydowns (191 )
Ending balance, September 30, 2018 $ 9,441
 
Municipal
Securities
(dollars in thousands)
Beginning balance, January 1, 2017 $ 18,218
Principal paydowns (8,586 )
Ending balance, December 31, 2017 $     9,632

The following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a recurring basis at September 30, 2018 and December 31, 2017. The table below provides quantitative information about significant unobservable inputs used in fair value measurements within Level 3 hierarchy.

September 30, 2018                        
Valuation Unobservable
Fair Value Techniques Input Range
Securities available-for-sale:

 

(dollars in thousands) 

         
Municipal securities $ 9,441 Discounted cash flows Discount rate 2.9 %
 
December 31, 2017
Valuation Unobservable
Fair Value Techniques Input Range
Securities available-for-sale: (dollars in thousands)           
Municipal securities $     9,632 Discounted cash flows Discount rate 2.9 %

Nonrecurring basis: The following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a nonrecurring basis for the periods presented. The tables below provide quantitative information about significant unobservable inputs used in fair value measurements within Level 3 hierarchy.

September 30, 2018                        
Valuation Unobservable
Fair Value Techniques Input Range
Impaired loans:

(dollars in thousands)

Commercial real estate $ 7,820 Sales comparison approach Adjustment for differences between the comparable sales 0% - 20% [10%]
Residential real estate $ 231 Sales comparison approach Adjustment for differences between the comparable sales 0% - 7% [2%]
 
December 31, 2017
Valuation Unobservable
Fair Value Techniques Input Range
Impaired loans: (dollars in thousands)
Commercial real estate $     1,094 Sales comparison approach Adjustment for differences between the comparable sales 0% - 10% [5%]

As of September 30, 2018 the fair value measurements presented are consistent with Topic 820, Fair Value Measurement, in which fair value represents exit price. The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments as of September 30, 2018 and December 31, 2017:

                  Fair Value Measurements
Quoted            
Prices in
Active Significant
Markets for Other Significant
Identical Observable Unobservable
Carrying Fair Assets Inputs Inputs
Amount Value (Level 1) (Level 2) (Level 3)
(dollars in thousands)
September 30, 2018
Financial assets:
Cash and cash equivalents $ 155,848 $ 155,848 $ 155,848 $ - $ -
Securities available-for-sale 410,039 410,039 975 399,623 9,441
Equity Securities 11,403 11,403 11,403 - -
Loans held-for-sale 270 270 - - 270
Net loans 4,427,738 4,304,357 - - 4,304,357
Derivatives 1,906 1,906 - 1,906 -
 
Financial liabilities:
Noninterest-bearing deposits 758,213 758,213 758,213 - -
Interest-bearing deposits 3,230,552 3,222,141 1,907,805 1,314,336 -
Borrowings 629,979 626,841 - 626,841 -
Subordinated debentures 128,474 129,165 - 129,165 -
 
December 31, 2017
Financial assets:
Cash and cash equivalents $     149,582 $     149,582 $     149,582 $     - $     -
Securities available-for-sale 435,284 435,284 15,150 410,502 9,632
Loans held-for-sale 24,845 24,845 - 370 24,475
Net loans 4,139,708 4,118,542 - - 4,118,542
Derivatives 798 798 - 798 -
 
Financial liabilities:
Noninterest-bearing deposits 776,843 776,843 776,843 - -
Interest-bearing deposits 3,018,285 3,018,285 1,842,151 1,176,134 -
Borrowings 670,077 669,680 - 669,680 -
Subordinated debentures 54,699 57,340 - 57,340 -

The fair value of commitments to originate loans is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair values of letters of credit and lines of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate or otherwise settle the obligations with the counterparties at the reporting date. The fair value of commitments to originate loans is immaterial and not included in the tables above.

Changes in assumptions or estimation methodologies may have a material effect on these estimated fair values.

Fair value estimates are based on existing balance sheet financial instruments, without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. For example, there are certain significant assets and liabilities that are not considered financial assets or liabilities, such as deferred taxes, premises and equipment, and goodwill. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates.

Management believes that reasonable comparability between financial institutions may not be likely, due to the wide range of permitted valuation techniques and numerous estimates which must be made, given the absence of active secondary markets for many of the financial instruments. This lack of uniform valuation methodologies also introduces a greater degree of subjectivity to these estimated fair values.

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Comprehensive Income
9 Months Ended
Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Comprehensive Income

Note 8. Comprehensive Income

Total comprehensive income includes all changes in equity during a period from transactions and other events and circumstances from nonowner sources. The Company’s other comprehensive income (loss) is comprised of unrealized holding gains and losses on securities available-for-sale, obligations for defined benefit pension plan and an adjustment to reflect the curtailment of the Company’s defined benefit pension plan, net of taxes.

The following table represents the reclassification out of accumulated other comprehensive (loss) income for the periods presented:

                              Affected Line item in the
Details about Accumulated Other Amounts Reclassified from Accumulated Statement Where Net Income is
Comprehensive Income Components Other Comprehensive Income Presented
 
Three Months Ended Nine Months Ended
September 30 September 30
2018 2017 2018 2017
Sale of investment securities available-for-sale $ - $ - $ - $ 1,596 Net gains on sales of securities available-for-sale Income tax expense
- - - (579 )
$ - $ - $ - $ 1,017
 
Amortization of pension plan net actuarial losses $ 91 $ (103 ) $ 274 $ (309 ) Other components of net periodic pension expense Income tax expense
(26 ) 42 (77 ) 126
$ 65 $ (61 ) $ 197 $ (183 )
 
Total reclassification $     65 $     (61 ) $     197 $     834

Accumulated other comprehensive loss at September 30, 2018 and December 31, 2017 consisted of the following:

      September 30, December 31,
2018 2017
(dollars in thousands)
Investment securities available-for-sale, net of tax $ (8,208 ) $ (902 )
Cash flow hedge, net of tax 1,370 472
Defined benefit pension and post-retirement plans, net of tax (3,846 ) (3,589 )
Total $        (10,684 )       $         (4,019 )

Effective January 1, 2018, the Company implemented ASU 2018-02, “Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.” Under ASU 2018-02, the FASB amended existing guidance to allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act (“Tax Act”). In order to comply with this new ASU, the Company recorded an adjustment to the balance sheet on January 1, 2018 of approximately $709 thousand that increased retained earnings and increased accumulated other comprehensive loss.

Effective January 1, 2018, the Company implemented ASU 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” Under ASU 2016-01, equity securities, with certain exceptions, are to be measured at fair value with changes in fair value recognized in net income. In order to comply with this new ASU, the Company recorded a cumulative-effect adjustment to the balance sheet of approximately $55 thousand. As of September 30, 2018, the Company’s equity securities had readily determinable fair values.

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Stock Based Compensation
9 Months Ended
Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Based Compensation

Note 9. Stock Based Compensation

Restricted stock, options and restricted stock units typically have a three-year vesting period starting one year after the date of grant with one-third vesting each year. The options generally expire ten years from the date of grant. Restricted stock granted to new employees and board members may be granted with shorter vesting periods. Grants of performance units typically have a cliff vesting after three years or upon a change of control. All issuances are subject to forfeiture if the recipient leaves or is terminated prior to the awards vesting. Restricted shares have the same dividend and voting rights as common stock, while options, performance units and restricted stock units do not.

All awards are issued at fair value of the underlying shares at the grant date. The Company expenses the cost of the awards, which is determined to be the fair market value of the awards at the date of grant, ratably over the vesting period. Forfeiture rates are not estimated but are handled on a case-by-case basis. Compensation expense for the three and nine months ended September 30, 2018 were $0.6 million and $1.3 million, respectively, while the compensation expense for the three and nine months ended September 30, 2017 were $0.5 million and $1.3 million, respectively.

All awards are issued at fair value of the underlying shares at the grant date. The Company expenses the cost of the awards, which is determined to be the fair market value of the awards at the date of grant, ratably over the vesting period. Forfeiture rates are not estimated but are handled on a case-by-case basis.

Activity under the Company’s options as of and for the nine months ended September 30, 2018 was as follows:

Weighted-
Average
Weighted- Remaining
Number of Average Contractual
Stock Exercise Term Aggregate
      Options       Price       (in years)       Intrinsic Value
Outstanding at December 31, 2017 299,778 $ 6.18
Granted -
Exercised      (102,378 ) 5.12
Forfeited/cancelled/expired (1,323 ) 14.24
Outstanding at September 30, 2018 196,077 6.68 1.8 $ 3,346,546
 
Exercisable at September 30, 2018 196,077 $ 6.68 1.8 $ 3,346,546

The aggregate intrinsic value of outstanding and exercisable options above represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on September 30, 2018 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on September 30, 2018. This amount changes based on the fair market value of the Company’s stock.

Activity under the Company’s restricted shares as of and for the nine months ended September 30, 2018 was as follows:

Weighted-
Average
Nonvested Grant Date
      Shares       Fair Value
Nonvested at December 31, 2017 103,078 $ 20.41
Granted 23,018 28.08
Vested        (58,002 ) 20.33
Forfeited/cancelled/expired (666 ) 24.25
Nonvested at September 30, 2018 67,428 23.07

As of September 30, 2018, there was approximately $920,000 of total unrecognized compensation cost related to nonvested restricted shares granted under the plans. The cost is expected to be recognized over a weighted average period of 1.1 years. A total of -0- and 23,018 restricted shares were granted during the three and nine months ended September 30, 2018, respectively, and 1,000 and 56,164 for the three and nine months ended September 30, 2017, respectively.

A summary of the status of unearned performance unit awards and the change during the period is presented in the table below:

Weighted
Average Grant
Units Units Date Fair
      (expected)       (maximum)       Value
Unearned at December 31, 2017      151,194 $ 19.19
Awarded 19,614 31.35
Change in Estimate (15,172 )
Vested (69,627 ) 19.46
Unearned at September 30, 2018 86,009 151,772 $ 22.06

At September 30, 2018, the specific number of shares related to performance units that were expected to vest was 86,009, determined by actual performance in consideration of the established range of the performance targets, which is consistent with the level of expense currently being recognized over the vesting period. Should this expectation change, additional compensation expense could be recorded in future periods or previously recognized expense could be reversed. At September 30, 2018 the maximum amount of performance units that ultimately could vest if performance targets were exceeded is 151,772.

At September 30, 2018, compensation cost of approximately $822,000 related to non-vested performance units not yet recognized is expected to be recognized over a weighted-average period of 1.8 years. A total of -0- and 19,614 performance units were awarded during the three and nine months ended September 30, 2018, respectively.

During the nine months ended September 30, 2018, 69,627 shares were issued in satisfaction of earned performance units. The shares issued were calculated based on a net down of 26,955 shares to satisfy tax obligations created by vesting.

A summary of the status of unearned restricted stock units and the change during the period is presented in the table below:

Weighted
Average Grant
Units Date Fair
      (expected)       Value
Unearned at December 31, 2017 - $ -
Awarded 29,423 31.35
Forfeited - -
Vested - -
Unearned at September 30, 2018 29,423 $ 31.35

At September 30, 2018, the specific number of shares related to restricted stock units that were expected to vest was approximately 29,423. Any forfeitures would result in previously recognized expense being reversed. A portion of the shares that vest will be repurchased to satisfy the tax obligations of the recipient.

At September 30, 2018, compensation cost of approximately $756,000 related to non-vested restricted stock units, not yet recognized, is expected to be recognized over a weighted-average period of 2.4 years. A total of 29,423 and -0- restricted stock units were awarded during the nine months ended September 30, 2018 and 2017, respectively.

Effective January 1, 2017, the Company implemented ASU 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment.” Under ASU 2016-09 all excess tax benefits and tax deficiencies related to share-based payment awards should be recognized as income tax expense or benefit in the income statement during the period in which they occur. Included in income tax expense for the nine months ended September 30, 2018 and September 30, 2017 is a benefit of approximately $887 thousand and $181 thousand, respectively, which resulted from the effect of implementing ASU 2016-09.

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Components of Net Periodic Pension Cost
9 Months Ended
Sep. 30, 2018
Retirement Benefits [Abstract]  
Components of Net Periodic Pension Cost

Note 10. Components of Net Periodic Pension Cost

The Company maintained a non-contributory defined benefit pension plan for substantially all of its employees until June 30, 2007, at which time the Company froze the plan. The following table sets forth the net periodic pension cost of the Company’s pension plan for the periods indicated.

Three Months Ended Affected Line Item in the Consolidated
September 30, Statements of Income
      2018       2017      
(dollars in thousands)
Service cost $        - $        -
Interest cost 106 119 Other components of net periodic pension expense
Expected return on plan assets (190 ) (160 ) Other components of net periodic pension expense
Net amortization 91 103 Other components of net periodic pension expense
Total periodic pension cost $ 7 $ 62

Nine Months Ended Affected Line Item in the Consolidated
September 30, Statements of Income
      2018       2017      
(dollars in thousands)
Service cost $        - $        -
Interest cost 320 358 Other components of net periodic pension expense
Expected return on plan assets (573 ) (480 ) Other components of net periodic pension expense
Net amortization 274 309 Other components of net periodic pension expense
Recognized settlement loss - 2 Other components of net periodic pension expense
Total periodic pension cost $ 21 $ 189

Effective January 1, 2018, the Company implemented ASU 2017-07, “Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” Under ASU 2017-07, the FASB requires employers to report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. If a separate line item or items are not used, the line item or items used in the income statement to present the other components of net benefit cost must be disclosed. The table above details the affected line items within the Consolidated Statements of Income related to the net periodic pension costs for the following periods.

This ASU is also required to be applied retrospectively to all periods presented. The following table summarizes the impact of retrospective application to the consolidated statement of condition for the three and nine months ended September 30, 2017:

Three Months Nine Months
Ended Ended
September 30, September 30,
      2017       2017
(dollars in thousands)
Other components of net periodic pension expense
As previously reported $      - $      -
As reported under the new guidance 62 189
 
Salaries and employee benefits
As previously reported $ 8,872 $ 25,710
As reported under the new guidance 8,810 25,521

Contributions

The Company made a $2.0 million contribution to the Pension Trust during the three months ended March 31, 2018. The Company does not plan on contributing amounts to the Pension Trust for the remainder of 2018. The trust is established to provide retirement and other benefits for eligible employees and their beneficiaries. No part of the trust assets may be applied to any purpose other than providing benefits under the plan and for defraying expenses of administering the plan and the trust.

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FHLB Borrowings
9 Months Ended
Sep. 30, 2018
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures [Abstract]  
FHLB Borrowings

Note 11. FHLB Borrowings

The Company’s FHLB borrowings and weighted average interest rates are summarized below:

September 30, 2018 December 31, 2017
Amount Rate Amount Rate
(dollars in thousands)
Total FHLB borrowings       $      629,979            2.32 %       $      670,077            1.76 %
 
By remaining period to maturity:
Less than 1 year $ 459,979 2.24 % $ 505,077 1.59 %
1 year through less than 2 years 25,000 1.85 % 35,000 1.60 %
2 years through less than 3 years 95,000 2.76 % 85,000 2.65 %
3 years through less than 4 years 25,000 2.13 % 45,000 2.15 %
4 years through 5 years 25,000 2.92 % - -
Total FHLB borrowings $ 629,979 2.32 % $ 670,077 1.76 %

The FHLB borrowings are secured by pledges of certain collateral including, but not limited to, U.S. government and agency mortgage-backed securities and a blanket assignment of qualifying first lien mortgage loans, consisting of both residential mortgages and commercial real estate loans.

Advances are payable at stated maturity, with a prepayment penalty for fixed rate advances. All FHLB advances are fixed rates. The advances at September 30, 2018 were primarily collateralized by approximately $1.7 billion of commercial mortgage loans, net of required over collateralization amounts, under a blanket lien arrangement. At September 30, 2018 the Company had remaining borrowing capacity of approximately $1.0 billion at FHLB.

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Revenue Recognition
9 Months Ended
Sep. 30, 2018
Revenue Recognition [Abstract]  
Revenue Recognition

Note 12. Revenue Recognition

Effective January 1, 2018, the Company adopted ASU 2014-09 Revenue from Contracts with Customers and all subsequent amendments to the ASU (collectively, "ASC 606”), which (i) creates a single framework for recognizing revenue from contracts with customers that fall within its scope and (ii) revises when it is appropriate to recognize a gain (loss) from the transfer of nonfinancial assets, such as OREO. The majority of the Company’s revenues come from interest income and other sources, including loans, leases, securities, and derivatives that are outside the scope of ASC 606. The Company’s services that fall within the scope of ASC 606 are presented within noninterest income and are recognized as revenue as the Company satisfies its obligation to the customer. Services within the scope of ASC 606 include deposit service charges on deposits, interchange income, and the sale of OREO.

The Company, using a modified retrospective transition approach, determined that there will be no cumulative effect adjustment to retained earnings as a result of adopting the new standard, nor will the standard have a material impact on our consolidated financial statements including the timing or amounts of revenue recognized.

All of the Company’s revenue from contracts with customers within the scope of ASC 606 is recognized within noninterest income. The following table presents the Company’s sources of noninterest income for the three months and nine months ended September 30, 2018 and 2017. Items outside of ASC 606 are noted as such.

    Three Months   Three Months
Ended Ended
September 30, September 30,
      2018       2017(b)
(dollars in thousands)
Noninterest income
Service charges on deposits
Overdraft fees $ 222 $ 228
Other 186 193
Interchange income 152 153
Net gains on sales of loans (a) 2 50
Wire transfer fees (a) 73 63
Loan servicing fees (a) 16 47
Bank owned life insurance (a) 751 985
Other 27 37
Total noninterest income $ 1,429 $ 1,756

Nine Months Nine Months
Ended Ended
September 30, September 30,
2018 2017(b)
(dollars in thousands)
Noninterest income            
Service charges on deposits
Overdraft fees $ 590 $ 587
Other 482 552
Interchange income 465 499
Net gains on sales of loans (a) 31 120
Wire transfer fees (a) 222 184
Loan servicing fees (a) 64 97
Bank owned life insurance (a) 2,300 2,402
Net gains on sales of securities (a) - 1,596
Annuities and insurance commissions (a) - 39
Other 70 104
Total noninterest income $ 4,224 $ 6,180

(a)

Not within scope of ASC 606

(b)

The Company elected the modified respective approach of adoption; therefore, prior period balances are presented under legacy GAAP and may not be comparable to current year presentation.


A description of the Company’s revenue streams accounted for under ASC 606 is as follows:

Service Charges on Deposit Accounts: The Company earns fees from deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees, which include services such as ATM use fees, stop payment charges, statement rendering, and ACH fees, are recognized at the time the transaction is executed at the point in the time the Company fulfills the customer’s request. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer’s account balance.

Interchange Income: The Company earns interchange fees from debit and credit card holder transactions conducted through various payment networks. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided by the cardholder.

Gains/Losses on Sales of OREO: The Company records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When the Company finances the sale of OREO to the buyer, the Company assesses whether the buyer is committed to perform their obligations under the contract and whether the collectability of the transaction prices is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on the sale, the Company adjusts the transaction price and related gain (loss) on sale if a significant financing component is present.

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Subordinated Debentures
9 Months Ended
Sep. 30, 2018
Subordinated Borrowings [Abstract]  
Subordinated Debentures

Note 13. Subordinated Debentures

During 2003, the Company formed a statutory business trust, which exists for the exclusive purpose of (i) issuing Trust Securities representing undivided beneficial interests in the assets of the Trust; (ii) investing the gross proceeds of the Trust securities in junior subordinated deferrable interest debentures (subordinated debentures) of the Company; and (iii) engaging in only those activities necessary or incidental thereto. On December 19, 2003, Center Bancorp Statutory Trust II, a statutory business trust and wholly-owned subsidiary of the Parent Corporation issued $5.0 million of MMCapS capital securities to investors due on January 23, 2034. The capital securities presently qualify as Tier I capital. The trust loaned the proceeds of this offering to the Company and received in exchange $5.2 million of the Parent Corporation’s subordinated debentures. The subordinated debentures are redeemable in whole or in part prior to maturity. The floating interest rate on the subordinate debentures is three month LIBOR plus 2.85% and reprices quarterly. The rate at September 30, 2018 was 5.19%. These subordinated debentures and the related income effects are not eliminated in the consolidated financial statements as the statutory business trust is not consolidated in accordance with FASB ASC 810-10. Distributions on the subordinated debentures owned by the subsidiary trust have been classified as interest expense in the Consolidated Statements of Income.

The following table summarizes the mandatory redeemable trust preferred securities of the Company’s Statutory Trust II at September 30, 2018 and December 31, 2017.

Securities Redeemable by
Issuance Date Issued Liquidation Value Coupon Rate Maturity Issuer Beginning
12/19/2003       $ 5,000,000       $1,000 per Capital       Floating 3-month       01/23/2034       01/23/2009
Security LIBOR + 285 Basis
Points

During June 2015, the Parent Corporation issued $50 million in aggregate principal amount of fixed-to-floating rate subordinated notes (the “Notes”). The Notes are non-callable for five years, have a stated maturity of July 1, 2025, and bear interest at a fixed rate of 5.75% per year, from and including June 30, 2015 to, but excluding July 1, 2020. From and including July 1, 2020 to the maturity date or early redemption date, the interest rate will reset quarterly to a level equal to the then current three month LIBOR rate plus 393 basis points. As of September 30, 2018, unamortized costs related to this debt issuance were approximately $317,000.

On January 11, 2018, the Parent Corporation issued $75 million in aggregate principal amount of fixed-to-floating rate subordinated notes (the “Notes”). The Notes bear interest at 5.20% annually from, and including, the date of initial issuance to, but excluding, February 1, 2023, payable semi-annually in arrears. From and including February 1, 2023 through maturity or earlier redemption, the interest rate shall reset quarterly to an interest rate per annum equal to the then current three-month LIBOR rate plus 284 basis points (2.84%) payable quarterly in arrears. If three-month LIBOR is not available for any reason, then the rate for that interest period will be determined by such alternate method as provided in the Supplemental Indenture. Interest on the Notes will be paid on February 1, and August 1, commencing August 1, 2018 to but not including February 1, 2023, and from and including February 1, 2023, on February 1, May 1, August 1, and November 1, of each year to but excluding the stated maturity date, unless in any case previously redeemed. As of September 30, 2018, unamortized costs related to this debt issuance were approximately $1,364,000.

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Offsetting Assets and Liabilities
9 Months Ended
Sep. 30, 2018
Offsetting [Abstract]  
Offsetting Assets and Liabilities

Note 14. Offsetting Assets and Liabilities

Certain financial instrument-related assets and liabilities may be eligible for offset on the consolidated statements of condition because they are subject to master netting agreements or similar agreements. However, the Company does not elect to offset such arrangements on the consolidated financial statements. The Company enters into interest rate swap agreements with financial institution counterparties. For additional detail regarding interest rate swap agreements refer to Note 5 within this section. In the event of default on, or termination of, any one contract, both parties have the right to net settle multiple contracts. Also, certain interest rate swap agreements may require the Company to receive or pledge cash or financial instrument collateral based on the contract provisions. The following table presents information about financial instruments that are eligible for offset as of September 30, 2018 and December 31, 2017:

                        Gross Amounts Not Offset
Net Amounts            
Gross Amounts of Assets
Offset in the Presented in the  Cash or
Statement of Statement of Financial Financial
Gross Amounts Financial Financial Instruments Instrument Net
Recognized Condition Condition Recognized Collateral Amount
(dollars in thousands)
September 30, 2018
Assets:
Interest rate swaps
$      1,906 $      - $      1,906 $      - $      - $      1,906
December 31, 2017
Assets:
Interest rate swaps
$ 798 $ - $ 798 $ - $ - $ 798

As of September 30, 2018 and December 31, 2017, there was no financial collateral pledged to our interest rate swaps. As these swap positions were not within the contractually agreed upon collateral requirement there was no collateral pledged to, or from, the respective counterparties.

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New Authoritative Accounting Guidance (Policies)
9 Months Ended
Sep. 30, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]  
New Authoritative Accounting Guidance

ASU 2018-15, “Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract.” 'These amendments align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license). The accounting for the service element of a hosting arrangement that is a service contract is not affected by these amendments. ASU 2018-15 is effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2019. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.

ASU 2018-14, “Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans.” These amendments modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. ASU 2018-14 is effective for fiscal years ending after December 15, 2020. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.

ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement.” The amendments in this update modify disclosure requirements on fair value measurements by removing, modifying and adding certain disclosure requirements. The amendments primarily pertain to Level 3 fair value measurements and depending on the amendment are applied either prospectively or retrospectively. ASU 2018-13 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.

ASU 2018-10, “Codification Improvements to Topic 842, Leases.” These amendments affect narrow aspects of the guidance issued in the amendments in ASU 2016-02 including those regarding residual value guarantees, rate implicit in the lease, lessee reassessment of lease classification, lessor reassessment of lease term and purchase option, variable lease payments that depend on an index or a rate, investment tax credits, lease term and purchase option, transition guidance for amounts previously recognized in business combinations, certain transition adjustments, transition guidance for leases previously classified as capital leases under Topic 840, transition guidance for modifications to leases previously classified as direct financing or sales-type leases under Topic 840, transition guidance for sale and leaseback transactions, impairment of net investment in the lease, unguaranteed residual asset, effect of initial direct costs on rate implicit in the lease, and failed sale and leaseback transactions. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.

ASU 2018-01, “Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842.” ASU 2018-01 provides an optional transition practical expedient for the adoption of ASU 2016-02 that, if elected, would not require an organization to reconsider their accounting for existing land easements that are not currently accounted for under the old leases standard; and clarify that new or modified land easements should be evaluated under ASU 2016-02, once an entity has adopted the new standard. ASU 2018-01 is effective for fiscal years beginning after December 15, 2018. We believe the adoption of this standard will not have a significant impact on our consolidated financial statements.

ASU No. 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.” ASU No. 2017-12 refines and expands hedge accounting for both financial (e.g., interest rate) and commodity risks. Its provisions create more transparency around how economic results are presented, both on the face of the financial statements and in the footnotes. It also makes certain targeted improvements to simplify the application of hedge accounting guidance. ASU 2017-12 will be effective for public business entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Although management continues to evaluate the potential impact of ASU 2017-12 on our consolidated financial statements, at this time, we believe the adoption of this standard will not have a significant impact on our consolidated financial statements.

ASU No. 2017-08, “'Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20), Premium Amortization on Purchased Callable Debt Securities.” ASU No. 2017-08 shortens the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. ASU 2017-08 will be effective for public business entities for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. We are currently evaluating this ASU to determine the impact on our consolidated financial statements.

ASU No. 2017-04, “Intangibles – Goodwill and Other (Topic 350).” ASU 2017-04 aims to simplify the subsequent measurement of goodwill. Under these amendments, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. The Board also eliminated the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment. An entity is required to disclose the amount of goodwill allocated to each reporting unit with a zero or negative carrying amount of net assets and still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2019. Although management continues to evaluate the potential impact of ASU 2017-04 on our consolidated financial statements, at this time, we believe the adoption of this standard will not have a significant impact on our consolidated financial statements.

ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Assets Measured at Amortized Cost.” ASU 2016-13 requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The amendments in this update replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates and affects loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company has formed a CECL committee that is assessing our data and system needs. The Company has engaged a third-party vendor to assist is analyzing our data and developing a CECL model. The Company has recently met with the third-party vendor and discussed our data, in terms of what is available and potential gaps. The Company also discussed modeling standards, loan segmentation, as well as potential external inputs to supplement our historical loss history. We expect to recognize a one-time cumulative effect adjustment to the allowance for loan losses as of the beginning of the first reporting period in which the ASU is effective, but cannot yet determine the magnitude of any such one-time adjustment or the overall impact of the ASU on our consolidated financial statements.

ASU No. 2016-02, “Leases (Topic 842)” requires the recognition of a right of use asset and related lease liability by lessees for leases classified as operating leases under current GAAP. Topic 842, which replaces the current guidance under Topic 840, retains a distinction between finance leases and operating leases. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee also will not significantly change from current GAAP. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize right of use assets and lease liabilities. Topic 842 will be effective for the Company for reporting periods beginning January 1, 2019, with early adoption permitted. The Company must apply a modified retrospective transition approach for the applicable leases existing at, or entered into after, the beginning of the earliest comparative period presented in the consolidated financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. The Company is currently leasing properties as branch locations and is leasing certain office equipment. Currently, the Company is in the process of evaluating all of our leases for compliance for the new ASU. As part of that process, management is developing a systematic approach that can be used to calculate the financial statement impact starting in 2019. The adoption of ASU 2016-02 will result in increases to the Company's assets and liabilities.

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Earnings per Common Share (Tables)
9 Months Ended
Sep. 30, 2018
Earnings per common share:  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Earnings per common share have been computed based on the following:

Three Months Ended Nine Months Ended
September 30, September 30,
(in thousands, except for per share data)
      2018       2017       2018       2017
Income attributable to common stock $       19,860 $       13,035 $       41,582 $        32,534
Earnings allocated to participating securities 42 42 98 106
Net income $ 19,902 $ 13,077 $ 41,680 $ 32,640
Weighted average common shares outstanding, including participating securities 32,167 32,015 32,127 31,999
Weighted average participating securities (25 ) (103 ) (34 ) (104 )
Weighted average common shares outstanding 32,142 31,912 32,093 31,895
Incremental shares from assumed conversions of options, performance units and restricted shares 177 270 220 272
Weighted average common and equivalent shares outstanding 32,319 32,182 32,313 32,167
   
Earnings per common share:
Basic $ 0.62 $ 0.41 $ 1.30 $ 1.02
Diluted 0.61 0.41 1.29 1.01
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Securities Available-for-Sale (Tables)
9 Months Ended
Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]  
Unrealized Gain (Loss) on Investments [Table Text Block]

The following table summarizes the amortized cost and fair value of securities available-for-sale at September 30, 2018 and December 31, 2017 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss).

Gross Gross
Amortized Unrealized Unrealized Fair
Cost Gains Losses Value
September 30, 2018 (dollars in thousands)
Securities available-for-sale                    
Federal agency obligations $     48,963 $     14 $     (1,443 ) $     47,534
Residential mortgage pass-through securities 196,650 75 (6,174 ) 190,551
Commercial mortgage pass-through securities 3,953 - (110 ) 3,843
Obligations of U.S. states and political subdivisions 133,564 727 (3,903 ) 130,388
Corporate bonds and notes 26,305 96 (439 ) 25,962
Asset-backed securities 10,317 59 (13 ) 10,363
Certificates of deposit 420 3 - 423
Other securities 975 - - 975
Total securities available-for-sale $ 421,147 $ 974 $ (12,082 ) $ 410,039
                     
Gross Gross
Amortized Unrealized Unrealized Fair
Cost Gains Losses Value
December 31, 2017 (dollars in thousands)
Securities available-for-sale
Federal agency obligations $ 56,297 $ 141 $ (416 ) $ 56,022
Residential mortgage pass-through securities 183,509 330 (1,948 ) 181,891
Commercial mortgage pass-through securities 4,054 3 (3 ) 4,054
Obligations of U.S. states and political subdivisions 130,723 1,739 (1,334 ) 131,128
Trust preferred securities 4,577 205 (111 ) 4,671
Corporate bonds and notes 29,801 163 (271 ) 29,693
Asset-backed securities 12,021 66 (37 ) 12,050
Certificates of deposit 621 4 - 625
Equity securities 11,843 235 (350 ) 11,728
Other securities 3,422 - - 3,422
Total securities available-for-sale $ 436,868 $ 2,886 $ (4,470 ) $ 435,284
Investments Classified by Contractual Maturity Date [Table Text Block]

The following table presents information for investments in securities available-for-sale at September 30, 2018, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. Securities not due at a single maturity date are shown separately.

September 30, 2018
Amortized Fair
Cost Value
(dollars in thousands)
Securities available-for-sale:            
Due in one year or less $     4,429 $     4,425
Due after one year through five years 36,607 36,375
Due after five years through ten years 28,135 28,290
Due after ten years 150,398 145,580
Residential mortgage pass-through securities 196,650 190,551
Commercial mortgage pass-through securities 3,953 3,843
Other securities 975 975
Total securities available-for-sale $ 421,147 $ 410,039
Schedule of Realized Gain (Loss) [Table Text Block]

Gross gains and losses from the sales, calls and maturities of securities for periods presented were as follows:

Three Months Ended Nine Months Ended
September 30, September 30,
(dollars in thousands)
              2018      2017        2018        2017
Proceeds $      - $      - $          - $       29,543
 
Gross gains on sales of securities - - - 1,596
Gross losses on sales of securities - - - -
Net gains on sales of securities - - - 1,596
Less: tax provision on net gains - - - (579 )
 
Net gains on sales of securities, after tax $ - $ - $ - $ 1,017
Schedule of Unrealized Loss on Investments [Table Text Block]

The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category and the length of time individual securities have been in a continuous unrealized loss position at September 30, 2018 and December 31, 2017:

September 30, 2018
Total Less than 12 Months 12 Months or Longer
Fair Unrealized Fair Unrealized Fair Unrealized
Value Losses Value    Losses    Value    Losses
   (dollars in thousands)
Investment Securities
Available-for-Sale:                  
Federal agency obligation $     45,057 $     (1,443 ) $     21,455 $     (513 ) $     23,602 $     (930 )
Residential mortgage pass-through securities 185,442 (6,174 ) 106,190 (2,491 ) 79,252 (3,683 )
Commercial mortgage pass-through securities 3,843 (110 ) 3,843 (110 ) - -
Obligations of U.S. states and political subdivisions 78,481 (3,903 ) 33,733 (877 ) 44,748 (3,026 )
Corporate bonds and notes 15,655 (439 ) 11,008 (124 ) 4,647 (315 )
Asset-backed securities 4,113 (13 ) 2,303 (8 ) 1,810 (5 )
Total temporarily impaired securities $ 332,591 $ (12,082 ) $ 178,532 $ (4,123 ) $ 154,059 $ (7,959 )
 
  December 31, 2017
Total Less than 12 Months 12 Months or Longer
Fair Unrealized Fair Unrealized Fair Unrealized
Value Losses Value Losses Value Losses
(dollars in thousands)
Investment Securities
Available-for-Sale:                  
Federal agency obligation $     39,813 $     (416 ) $     28,407 $     (213 ) $     11,406 $     (203 )
Residential mortgage pass-through securities 148,574 (1,948 ) 117,556 (1,146 ) 31,018 (802 )
Commercial mortgage pass-through securities 1,198 (3 ) 1,198 (3 ) - -
Obligations of U.S. states and political subdivisions 57,685 (1,334 ) 17,909 (246 ) 39,776 (1,088 )
Trust preferred securities 1,469 (111 ) - - 1,469 (111 )
Corporate bonds and notes 11,074 (271 ) 1,965 (21 ) 9,109 (250 )
Asset-backed securities 7,428 (37 ) 993 (2 ) 6,435 (35 )
Equity securities 11,116 (350 ) - - 11,116 (350 )
Total temporarily impaired securities $ 278,357 $ (4,470 ) $ 168,028 $ (1,631 ) $ 110,329 $ (2,839 )
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Derivatives (Tables)
9 Months Ended
Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Derivatives [Table Text Block]

Summary information about the interest rate swaps designated as cash flow hedges as of September 30, 2018, December 31, 2017 and September 30, 2017 are presented in the following table.

September 30, December 31, September 30,
      2018       2017       2017
(dollars in thousands)
Notional amount $      100,000 $      100,000 $      100,000
Weighted average pay rates 1.68 % 1.66 % 1.52 %
Weighted average receive rates 2.12 % 1.23 % 1.07 %
Weighted average maturity 1.7 years 2.4 years 2.7 years
 
Fair value $ 1,906 $ 798 $ 164
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The following table presents the net losses recorded in other comprehensive income and the Consolidated Statements of Income relating to the cash flow derivative instruments for the following periods:

Nine Months Ended September 30, 2018
Amount of gain Amount of gain Amount of gain
recognized reclassified recognized in other
in OCI (Effective from OCI to Noninterest income
      Portion)       interest income       (Ineffective Portion)
(dollars in thousands)
Interest rate contracts $ 796 $ - $ -

Nine Months Ended September 30, 2017
Amount of gain Amount of gain Amount of gain
recognized reclassified recognized in other
in OCI (Effective from OCI to Noninterest income
      Portion)       interest income       (Ineffective Portion)
(dollars in thousands)
Interest rate contracts $ 45 $ - $ -
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following table reflects the cash flow hedges included in the consolidated statements of condition as of September 30, 2018 and December 31, 2017:

September 30, 2018 December 31, 2017
Notional Notional
      Amount       Fair Value       Amount       Fair Value
(dollars in thousands)
Interest rate swaps related to FHLB advances included in assets $      100,000 $      1,906 $      100,000 $      798
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Loans and the Allowance for Loan Losses (Tables)
9 Months Ended
Sep. 30, 2018
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

The following table sets forth the composition of the Company’s loan portfolio, including net deferred loan fees, at September 30, 2018 and December 31, 2017:

September 30, December 31,
      2018       2017
(dollars in thousands)
Commercial $      933,169 $      824,082
Commercial real estate 2,739,943 2,592,909
Commercial construction 494,206 483,216
Residential real estate 295,948 271,795
Consumer 2,508 2,808
Gross loans 4,465,774 4,174,810
Net deferred loan fees (3,287 ) (3,354 )
Total loans receivable $ 4,462,487 $ 4,171,456
Loans held for sale [Table Text Block]

The following table sets forth the composition of the Company’s loans held-for-sale portfolio at September 30, 2018 and December 31, 2017:

September 30, December 31,
      2018       2017
(dollars in thousands)
Commercial real estate $        - $        24,475
Residential real estate 270 370
Total carrying amount $ 270 $ 24,845
Activity in the valuation allowance [Table Text Block]

The following table sets forth the composition of the Company’s valuation allowance within the loans held-for-sale portfolio during the three and nine months ended September 30, 2018 and September 30, 2017:

Three Months   Three Months
Ended Ended
September 30,   September 30,
      2018       2017
(dollars in thousands)
Balance at July 1, $ - $             12,325
Reduction from loans paid off - (38 )
Increase in valuation allowance - 3,000
Balance at September 30, $ - $ 15,287

Nine Months Nine Months
Ended Ended
September 30,   September 30,
      2018       2017
(dollars in thousands)
Balance at January 1, $ - $             -
Reduction from loans paid off - (38 )
Increase in valuation allowance - 15,325
Balance at September 30, $ - $ 15,287
Loans and Leases Receivable Purchase Credit Impaired Loans [Table Text Block]

The recorded investment of those loans is as follows at September 30, 2018 and December 31, 2017.

September 30, December 31,
      2018       2017
(dollars in thousands)
Commercial $ 2,524 $ 2,683
Loans and Leases Receivable Purchased Loans [Table Text Block]

The following table presents interest income expected to be recognized on the purchased credit-impaired loans and the related activity for the three and nine months ended September 30, 2018 and September 30, 2017:

Three Months Three Months
Ended Ended
September 30, September 30,
      2018       2017
(dollars in thousands)
Balance at July 1, $               1,259 $               2,496
Accretion of income (63 ) (180 )
Balance at September 30, $ 1,196 $ 2,316

Nine Months Nine Months
Ended Ended
September 30, September 30,
      2018       2017
(dollars in thousands)
Balance at January 1, $              1,387 $              2,860
Accretion of income (191 ) (544 )
Balance at September 30, $ 1,196 $ 2,316
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

The following table sets forth the composition of the Company’s nonaccrual loans as of September 30, 2018 and December 31, 2017:

September 30, December 31,
      2018       2017
(dollars in thousands)
Commercial $ 29,562 $ 47,363
Commercial real estate 15,927 12,757
Commercial construction 2,934 -
Residential real estate 4,592 5,493
Total nonaccrual loans $ 53,015 $ 65,613
Financing Receivable Credit Quality Indicators [Table Text Block]

The following table presents information, excluding loans held-for-sale and net deferred loan fees, about the Company’s loan credit quality at September 30, 2018 and December 31, 2017:

September 30, 2018
Special
     Pass      Mention      Substandard      Doubtful      Total
(dollars in thousands)
Commercial (1) $      887,024 $      12,639 $      33,506 $      - $      933,169
Commercial real estate 2,699,338 10,651 29,954 - 2,739,943
Commercial construction 481,226 5,458 7,522 - 494,206
Residential real estate 291,223 - 4,725 - 295,948
Consumer 2,484 - 24 - 2,508
Gross loans $ 4,361,295 $ 28,748 $ 75,731 $ - $ 4,465,774
 
December 31, 2017
Special
Pass Mention Substandard Doubtful Total
(dollars in thousands)
Commercial $ 767,020 $ 3,764 $ 53,298 $ - $ 824,082
Commercial real estate 2,534,973 34,335 23,601 - 2,592,909
Commercial construction 475,066 5,521 2,629 - 483,216
Residential real estate 266,163 - 5,632 - 271,795
Consumer 2,767 - 41 - 2,808
Gross loans $ 4,045,989 $ 43,620 $ 85,201 $ - $ 4,174,810

(1)       Reflects a $17.0 million charge-off related to the taxi medallion loans classified as “substandard”.
Impaired Financing Receivables [Table Text Block]

The following table provides an analysis of the impaired loans by category as of September 30, 2018 and December 31, 2017:

September 30, 2018
            Unpaid      
Recorded Principal Related
Investment Balance Allowance
No related allowance recorded (dollars in thousands)
Commercial $ 31,471 $ 92,452
Commercial real estate 21,483 21,636
Commercial construction 10,428 10,429
Residential real estate 2,237 2,533
Consumer - -
Total (no related allowance) $ 65,619 $ 127,050
  
With an allowance recorded
Commercial real estate $     8,529 $     8,529 $     709
Residential real estate 263 266 32
Total (with allowance) $ 8,792 $ 8,795 $ 741
  
Total
Commercial $ 31,471 $ 92,452 $ -
Commercial real estate 30,012 30,165 709
Commercial construction 10,428 10,429 -
Residential real estate 2,500 2,799 32
Consumer - - -
Total $ 74,411 $ 135,845 $ 741
  
  December 31, 2017
            Unpaid     
  Recorded Principal Related
  Investment Balance Allowance
No related allowance recorded (dollars in thousands)
Commercial $ 49,761 $ 101,066
Commercial real estate 23,905 23,976
Commercial construction 6,662 6,662
Residential real estate 3,203 3,442
Consumer - -
Total (no related allowance) $ 83,531 $ 135,146
  
With an allowance recorded
Commercial real estate $ 1,133 $ 1,133 $ 39
 
Total
Commercial $ 49,761 $ 101,066 $ -
Commercial real estate 25,038 25,109 39
Commercial construction 6,662 6,662 -
Residential real estate 3,203 3,442 -
Consumer - - -
Total $ 84,664 $ 136,279 $ 39
Schedule of Average Balance and Interest Income Recognized on Impaired Loans [Table Text Block]

The following table provides an analysis related to the average recorded investment and interest income recognized on impaired loans by category as of and for the three and nine months ended September 30, 2018 and 2017:

Three Months Ended September 30, Nine Months Ended September 30,
2018 2017 2018 2017
Average Interest Average Interest Average Interest Average Interest
Recorded Income Recorded Income Recorded Income Recorded Income
    Investment      Recognized      Investment      Recognized      Investment     Recognized      Investment     Recognized
(dollars in thousands)
Impaired loans (no allowance):
Commercial (1) $    31,769 $    36 $    3,100 $    34 $    39,132 $    102 $    3,149 $    115
Commercial real estate 21,557 105 19,302 221 21,714 475 18,813 424
Commercial construction 10,297 92 4,285 63 11,718 387 4,273 215
Residential real estate 2,249 - 2,529 2 2,304 - 2,551 6
Consumer - - 48 1 - - 54 2
Total $ 65,872 $ 233 $ 29,264 $ 321 $ 74,868 $ 964 $ 28,840 $ 762
Impaired loans (allowance):
Commercial real estate $ 8,534 $ 11 $ 1,645 $ 2 $ 8,544 $ 34 $ 1,654 $ 39
Residential real estate 264 - - - 267 - - -
Total $ 8,798 $ 11 $ 1,645 $ 2 $ 8,811 $ 34 $ 1,654 $ 39
Total impaired loans:
Commercial (1) $ 31,769 $ 36 $ 3,100 $ 34 $ 39,132 $ 102 $ 3,149 $ 115
Commercial real estate 30,091 116 20,947 223 30,258 509 20,467 463
Commercial construction 10,297 92 4,285 63 11,718 387 4,273 215
Residential real estate 2,513 - 2,259 2 2,571 - 2,551 6
Consumer - - 48 1 - - 54 2
Total $ 74,670 $ 244 $ 30,909 $ 323 $ 83,679 $ 998 $ 30,494 $ 801

(1)       Reflects the entire taxi medallion portfolio moving back to the loans held-for-investment category from the loans held-for-sale category in November 2017.
Past Due Financing Receivables [Table Text Block]

The following table provides an analysis of the aging of gross loans (excluding loans held-for-sale) that are past due at September 30, 2018 and December 31, 2017 by segment:

Aging Analysis

September 30, 2018
90 Days or
Greater Past Total Past
30-59 Days 60-89 Days Due and Still Due and
    Past Due     Past Due     Accruing     Nonaccrual     Nonaccrual     Current     Gross Loans
(dollars in thousands)
Commercial $    233 $    246 $    1,648 $    29,562 $    31,689 $    901,480 $    933,169
Commercial real estate - 3,190 - 15,927 19,117 2,720,826 2,739,943
Commercial construction - - - 2,934 2,934 491,272 494,206
Residential real estate 6 - - 4,592 4,598 291,350 295,948
Consumer 288 - - - 288 2,220 2,508
Total $ 527 $ 3,436 $ 1,648 $ 53,015 $ 58,626 $ 4,407,148 $ 4,465,774
 
 
December 31, 2017
90 Days or
Greater Past Total Past
30-59 Days 60-89 Days Due and Still Due and
Past Due Past Due Accruing Nonaccrual Nonaccrual Current Gross Loans
(dollars in thousands)
Commercial $    1,708 $    183 $    1,664 $    47,363 $    50,918 $    773,164 $    824,082
Commercial real estate 545 1,475 - 12,757 14,777 2,578,132 2,592,909
Commercial construction - - - - - 483,216 483,216
Residential real estate 1,578 - - 5,493 7,071 264,724 271,795
Consumer 18 - - - 18 2,790 2,808
Total $ 3,849 $ 1,658 $ 1,664 $ 65,613 $ 72,784 $ 4,102,026 $ 4,174,810
Schedule of Recorded Investment in Financing Receivables [Table Text Block]

The following tables detail, at the period-end presented, the amount of gross loans (excluding loans held-for-sale) that are evaluated individually, and collectively, for impairment, those acquired with deteriorated credit quality, and the related portion of the allowance for loan losses (“ALLL”) that are allocated to each loan portfolio segment:

September 30, 2018
Commercial Commercial Residential
      Commercial       real estate       construction       real estate       Consumer       Unallocated       Total
(dollars in thousands)
ALLL
Individually evaluated for impairment $      - $      709 $      - $      32 $      - $      - $      741
Collectively evaluated for impairment 9,749 16,569 4,790 1,183 3 564 32,858
Acquired portfolio 200 950 - - - - 1,150
Acquired with deteriorated credit quality - - - - - - -
Total $ 9,949 $ 18,228 $ 4,790 $ 1,215 $ 3 $ 564 $ 34,749
  
Gross loans
Individually evaluated for impairment $ 31,471 $ 30,012 $ 10,428 $ 2,500 $ - $ 74,411
Collectively evaluated for impairment 891,514 2,438,638 483,778 247,211 2,123 4,063,264
Acquired portfolio 7,660 271,293 - 46,237 385 325,575
Acquired with deteriorated credit quality 2,524 - - - - 2,524
Total $ 933,169 $ 2,739,943 $ 494,206 $ 295,948 $ 2,508 $ 4,465,774
 
December 31, 2017
Commercial Commercial Residential
Commercial real estate construction real estate Consumer Unallocated Total
(dollars in thousands)
ALLL
Individually evaluated for impairment $ - $ 39 $ - $ - $ - $ - $ 39
Collectively evaluated for impairment 8,032 15,472 4,747 1,051 2 605 29,909
Acquired portfolio 200 1,600 - - - - 1,800
Acquired with deteriorated credit quality - - - - - - -
Total $ 8,232 $ 17,111 $ 4,747 $ 1,051 $ 2 $ 605 $ 31,748
 
Gross loans
Individually evaluated for impairment $ 49,761 $ 25,038 $ 6,662 $ 3,203 $ - $ 84,664
Collectively evaluated for impairment 757,923 2,190,686 476,554 212,350 2,338 3,639,851
Acquired portfolio 13,715 377,185 - 56,242 470 447,612
Acquired with deteriorated credit quality 2,683 - - - - 2,683
Total $ 824,082 $ 2,592,909 $ 483,216 $ 271,795 $ 2,808 $ 4,174,810
Allowance for Credit Losses on Financing Receivables [Table Text Block]

A summary of the activity in the ALLL is as follows:

Three Months Ended September 30, 2018
        Commercial    Commercial     Residential           
Commercial real estate construction real estate Consumer Unallocated Total
(dollars in thousands)
Balance at June 30, 2018 $     8,960 $     18,221 $     4,812 $     1,167 $     3 $     431 $     33,594
 
Charge-offs - - - - (6 ) - (6 )
 
Recoveries 56 - - - 5 - 61
 
Provision for loan losses 933 7 (22 ) 48 1 133 1,100
 
Balance at September 30, 2018 $ 9,949 $ 18,228 $ 4,790 $ 1,215 $ 3 $ 564 $ 34,749
 
Three Months Ended September 30, 2017
Commercial Commercial Residential
Commercial real estate construction real estate Consumer Unallocated Total
(dollars in thousands)
Balance at June 30, 2017 $     7,238 $     15,389 $     4,241 $985 $     2 $     546 $     28,401
 
Charge-offs - - - - (1 ) - (1 )
 
Recoveries 17 2 - - 1 - 20
 
Provision for loan losses 461 1,443 (301 ) 67 - (220 ) 1,450
 
Balance at September 30, 2017 $ 7,716 $ 16,834 $ 3,940 $ 1,052 $ 2 $ 326 $ 29,870

Nine Months Ended September 30, 2018
Commercial Commercial Residential
    Commercial     real estate     construction     real estate     Consumer     Unallocated     Total
(dollars in thousands)
Balance at December 31, 2017 $      8,233 $         17,112 $      4,747 $        1,050 $            1 $             605 $      31,748
 
Charge-offs (17,066 ) - - (18 ) (7 ) - (17,091 )
 
Recoveries 87 - - - 5 - 92
 
Provision 18,695 1,116 43 183 4 (41 ) 20,000
 
Balance at September 30, 2018 $ 9,949 $ 18,228 $ 4,790 $ 1,215 $ 3 $ 564 $ 34,749

Nine Months Ended September 30, 2017
Commercial Commercial Residential
    Commercial     real estate     construction     real estate     Consumer     Unallocated     Total
(dollars in thousands)
Balance at December 31, 2016 $      6,632 $      12,583 $            4,789 $      958 $            3 $             779 $      25,744
 
Charge-offs - (71 ) - - (12 ) - (83 )
 
Recoveries 158 50 - - 1 - 209
 
Provision for loan losses 926 4,272 (849 ) 94 10 (453 ) 4,000
 
Balance at September 30, 2017 $ 7,716 $ 16,834 $ 3,940 $ 1,052 $ 2 $ 326 $ 29,870
Allowance for Loan and Lease Losses [Table Text Block]

The following table presents a rollforward of TDRs and the related changes to the allowance for loan losses (“ALLL”) that occurred for the periods presented:

Nine Months Ended Year Ended
September 30, 2018 December 31, 2017
(dollars in thousands)
Recorded Recorded
      Investment       ALLL       Investment       ALLL
TDRs
Beginning balance $      20,518 $      - $      13,818 $      -
Net additions 18,913 11 10,378 -
Payoffs/paydowns (7,094 ) - (3,098 ) -
Transfers - - (580 ) -
Ending balance $ 32,337 $ 11 $ 20,518 $ -
Schedule of Debtor Troubled Debt Restructuring, Current Period [Table Text Block]

The following table presents loans by class modified as TDRs that occurred during the nine months ended September 30, 2018:

Pre-Modification Post-Modification
Outstanding Outstanding
Number of Recorded Recorded
      Loans       Investment       Investment
TDRs (dollars in thousands)
Commercial 31 $ 15,737 $ 15,737
Commercial real estate 2 209 209
Commercial construction 2 1,839 1,839
Residential real estate 2 454 454
Total 37 $ 18,239 $ 18,239

The following table presents loans by segment modified as troubled debt restructurings that occurred during the nine months ended September 30, 2017:

Pre-Modification Post-Modification
Outstanding Outstanding
Number of Recorded Recorded
      Loans       Investment       Investment
TDRs (dollars in thousands)
Commercial real estate 2 $ 3,042 $ 3,042
Commercial construction 1 2,589 2,589
Residential real estate 1 17 17
Total 4 $ 5,648 $ 5,648
XML 40 R28.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Measurements and Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

For financial assets and liabilities measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at September 30, 2018 and December 31, 2017 are as follows:

September 30, 2018
Fair Value Measurements at Reporting Date Using
Quoted Prices
in Active Significant
Markets for Other Significant
Identical Observable Unobservable
Assets Inputs Inputs
            (Level 1)       (Level 2)       (Level 3)
(dollars in thousands)
Recurring fair value measurements:
Assets
Investment securities:
Available-for-sale:
Federal agency obligations $        47,534 $            - $            47,534 $            -
Residential mortgage pass-through securities 190,551 - 190,551 -
Commercial mortgage pass-through securities 3,843 - 3,843 -
Obligations of U.S. states and political subdivision 130,388 - 120,947 9,441
Corporate bonds and notes 25,962 - 25,962 -
Asset-backed securities 10,363 - 10,363 -
Certificates of deposit 423 - 423 -
Other securities 975 975 - -
Total available-for-sale $ 410,039 $ 975 $ 399,623 $ 9,441
 
Equity securities 11,403 11,403 - -
 
Derivatives 1,906 - 1,906 -
Total assets $ 423,348 $ 12,378 $ 401,529 $ 9,441

December 31, 2017
Fair Value Measurements at Reporting Date Using
Quoted Prices
in Active Significant
Markets for Other Significant
Identical Observable Unobservable
Assets Inputs Inputs
            (Level 1)       (Level 2)       (Level 3)
  (dollars in thousands)
Recurring fair value measurements:
Assets
Investment securities:
Available-for-sale:
Federal agency obligations $        56,022 $             - $            56,022 $               -
Residential mortgage pass-through securities 181,891 - 181,891 -
Commercial mortgage pass-through securities 4,054 - 4,054 -
Obligations of U.S. states and political subdivision 131,128 - 121,496 9,632
Trust preferred securities 4,671 - 4,671 -
Corporate bonds and notes 29,693 - 29,693 -
Asset-backed securities 12,050 - 12,050 -
Certificates of deposit 625 - 625 -
Equity securities 11,728 11,728 - -
Other securities 3,422 3,422 - -
Total available-for-sale $ 435,284 $ 15,150 $ 410,502 $ 9,632
Derivatives 798 - 798 -
Total assets $ 436,082 $ 15,150 $ 411,300 $ 9,632
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

For assets measured at fair value on a nonrecurring basis, the fair value measurements at September 30, 2018 and December 31, 2017 are as follows:

            Fair Value Measurements at Reporting Date Using
Quoted            
Prices
in Active Significant
Markets for Other Significant
Identical Observable Unobservable
September 30, Assets Inputs Inputs
Assets measured at fair value on a nonrecurring basis: 2018 (Level 1) (Level 2) (Level 3)
Impaired loans:

(dollars in thousands)

Commercial real estate $ 7,820 $ - $ - $ 7,820
Residential real estate 231 231
 
Fair Value Measurements at Reporting Date Using
Quoted
Prices
in Active Significant
Markets for Other Significant
Identical Observable Unobservable
December 31, Assets Inputs Inputs
Assets measured at fair value on a nonrecurring basis: 2017 (Level 1) (Level 2) (Level 3)
Impaired loans:

(dollars in thousands)

Commercial real estate $     1,094 $     - $     - $     1,094
Fair Value, Recurring basis [Table Text Block]

The tables below present a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the nine months ended September 30, 2018 and for the year ended December 31, 2017:

      Municipal
Securities
(dollars in thousands)
Beginning balance, January 1, 2018 $                       9,632
Principal paydowns (191 )
Ending balance, September 30, 2018 $ 9,441
 
Municipal
Securities
(dollars in thousands)
Beginning balance, January 1, 2017 $ 18,218
Principal paydowns (8,586 )
Ending balance, December 31, 2017 $     9,632
Significant unobservable inputs used in fair value measurements [Table Text Block]

The following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a recurring basis at September 30, 2018 and December 31, 2017. The table below provides quantitative information about significant unobservable inputs used in fair value measurements within Level 3 hierarchy.

September 30, 2018                        
Valuation Unobservable
Fair Value Techniques Input Range
Securities available-for-sale:

 

(dollars in thousands) 

         
Municipal securities $ 9,441 Discounted cash flows Discount rate 2.9 %
 
December 31, 2017
Valuation Unobservable
Fair Value Techniques Input Range
Securities available-for-sale: (dollars in thousands)           
Municipal securities $     9,632 Discounted cash flows Discount rate 2.9 %
Fair Value Measurements, Nonrecurring [Table Text Block]

The following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a nonrecurring basis for the periods presented. The tables below provide quantitative information about significant unobservable inputs used in fair value measurements within Level 3 hierarchy.

September 30, 2018                        
Valuation Unobservable
Fair Value Techniques Input Range
Impaired loans:

(dollars in thousands)

Commercial real estate $ 7,820 Sales comparison approach Adjustment for differences between the comparable sales 0% - 20% [10%]
Residential real estate $ 231 Sales comparison approach Adjustment for differences between the comparable sales 0% - 7% [2%]
 
December 31, 2017
Valuation Unobservable
Fair Value Techniques Input Range
Impaired loans: (dollars in thousands)
Commercial real estate $     1,094 Sales comparison approach Adjustment for differences between the comparable sales 0% - 10% [5%]
Fair Value, by Balance Sheet Grouping [Table Text Block]

The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments as of September 30, 2018 and December 31, 2017:

                  Fair Value Measurements
Quoted            
Prices in
Active Significant
Markets for Other Significant
Identical Observable Unobservable
Carrying Fair Assets Inputs Inputs
Amount Value (Level 1) (Level 2) (Level 3)
(dollars in thousands)
September 30, 2018
Financial assets:
Cash and cash equivalents $ 155,848 $ 155,848 $ 155,848 $ - $ -
Securities available-for-sale 410,039 410,039 975 399,623 9,441
Equity Securities 11,403 11,403 11,403 - -
Loans held-for-sale 270 270 - - 270
Net loans 4,427,738 4,304,357 - - 4,304,357
Derivatives 1,906 1,906 - 1,906 -
 
Financial liabilities:
Noninterest-bearing deposits 758,213 758,213 758,213 - -
Interest-bearing deposits 3,230,552 3,222,141 1,907,805 1,314,336 -
Borrowings 629,979 626,841 - 626,841 -
Subordinated debentures 128,474 129,165 - 129,165 -
 
December 31, 2017
Financial assets:
Cash and cash equivalents $     149,582 $     149,582 $     149,582 $     - $     -
Securities available-for-sale 435,284 435,284 15,150 410,502 9,632
Loans held-for-sale 24,845 24,845 - 370 24,475
Net loans 4,139,708 4,118,542 - - 4,118,542
Derivatives 798 798 - 798 -
 
Financial liabilities:
Noninterest-bearing deposits 776,843 776,843 776,843 - -
Interest-bearing deposits 3,018,285 3,018,285 1,842,151 1,176,134 -
Borrowings 670,077 669,680 - 669,680 -
Subordinated debentures 54,699 57,340 - 57,340 -
XML 41 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
Comprehensive Income (Tables)
9 Months Ended
Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The following table represents the reclassification out of accumulated other comprehensive (loss) income for the periods presented:

                              Affected Line item in the
Details about Accumulated Other Amounts Reclassified from Accumulated Statement Where Net Income is
Comprehensive Income Components Other Comprehensive Income Presented
 
Three Months Ended Nine Months Ended
September 30 September 30
2018 2017 2018 2017
Sale of investment securities available-for-sale $ - $ - $ - $ 1,596 Net gains on sales of securities available-for-sale Income tax expense
- - - (579 )
$ - $ - $ - $ 1,017
 
Amortization of pension plan net actuarial losses $ 91 $ (103 ) $ 274 $ (309 ) Other components of net periodic pension expense Income tax expense
(26 ) 42 (77 ) 126
$ 65 $ (61 ) $ 197 $ (183 )
 
Total reclassification $     65 $     (61 ) $     197 $     834
Comprehensive Income (Loss) [Table Text Block]

Accumulated other comprehensive loss at September 30, 2018 and December 31, 2017 consisted of the following:

      September 30, December 31,
2018 2017
(dollars in thousands)
Investment securities available-for-sale, net of tax $ (8,208 ) $ (902 )
Cash flow hedge, net of tax 1,370 472
Defined benefit pension and post-retirement plans, net of tax (3,846 ) (3,589 )
Total $        (10,684 )       $         (4,019 )
XML 42 R30.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock Based Compensation (Tables)
9 Months Ended
Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

Activity under the Company’s options as of and for the nine months ended September 30, 2018 was as follows:

Weighted-
Average
Weighted- Remaining
Number of Average Contractual
Stock Exercise Term Aggregate
      Options       Price       (in years)       Intrinsic Value
Outstanding at December 31, 2017 299,778 $ 6.18
Granted -
Exercised      (102,378 ) 5.12
Forfeited/cancelled/expired (1,323 ) 14.24
Outstanding at September 30, 2018 196,077 6.68 1.8 $ 3,346,546
 
Exercisable at September 30, 2018 196,077 $ 6.68 1.8 $ 3,346,546
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

Activity under the Company’s restricted shares as of and for the nine months ended September 30, 2018 was as follows:

Weighted-
Average
Nonvested Grant Date
      Shares       Fair Value
Nonvested at December 31, 2017 103,078 $ 20.41
Granted 23,018 28.08
Vested        (58,002 ) 20.33
Forfeited/cancelled/expired (666 ) 24.25
Nonvested at September 30, 2018 67,428 23.07
Schedule of Unearned Performance Unit Awards [Table Text Block]

A summary of the status of unearned performance unit awards and the change during the period is presented in the table below:

Weighted
Average Grant
Units Units Date Fair
      (expected)       (maximum)       Value
Unearned at December 31, 2017      151,194 $ 19.19
Awarded 19,614 31.35
Change in Estimate (15,172 )
Vested (69,627 ) 19.46
Unearned at September 30, 2018 86,009 151,772 $ 22.06
Schedule of Unearned Restricted Unit Awards [Table Text Block]

A summary of the status of unearned restricted stock units and the change during the period is presented in the table below:

Weighted
Average Grant
Units Date Fair
      (expected)       Value
Unearned at December 31, 2017 - $ -
Awarded 29,423 31.35
Forfeited - -
Vested - -
Unearned at September 30, 2018 29,423 $ 31.35
XML 43 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
Components of Net Periodic Pension Cost (Tables)
9 Months Ended
Sep. 30, 2018
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs [Table Text Block]

The following table sets forth the net periodic pension cost of the Company’s pension plan for the periods indicated.

Three Months Ended Affected Line Item in the Consolidated
September 30, Statements of Income
      2018       2017      
(dollars in thousands)
Service cost $        - $        -
Interest cost 106 119 Other components of net periodic pension expense
 
Expected return on plan assets (190 ) (160 ) Other components of net periodic pension expense
Net amortization 91 103 Other components of net periodic pension expense
Total periodic pension cost $ 7 $ 62

Nine Months Ended Affected Line Item in the Consolidated
September 30, Statements of Income
      2018       2017      
(dollars in thousands)
Service cost $        - $        -
Interest cost 320 358 Other components of net periodic pension expense
            
Expected return on plan assets (573 ) (480 ) Other components of net periodic pension expense
Net amortization 274 309 Other components of net periodic pension expense
Recognized settlement loss - 2 Other components of net periodic pension expense
Total periodic pension cost $ 21 $ 189
Schedule of Changes as a result of ASU 2017-07

The following table summarizes the impact of retrospective application to the consolidated statement of condition for the three and nine months ended September 30, 2017:

Three Months Nine Months
Ended Ended
September 30, September 30,
      2017       2017
(dollars in thousands)
Other components of net periodic pension expense
As previously reported $      - $      -
As reported under the new guidance 62 189
 
Salaries and employee benefits
As previously reported $ 8,872 $ 25,710
As reported under the new guidance 8,810 25,521
XML 44 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
FHLB Borrowings (Tables)
9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]

The Company’s FHLB borrowings and weighted average interest rates are summarized below:

September 30, 2018 December 31, 2017
Amount Rate Amount Rate
(dollars in thousands)
Total FHLB borrowings       $      629,979            2.32 %       $      670,077            1.76 %
 
By remaining period to maturity:
Less than 1 year $ 459,979 2.24 % $ 505,077 1.59 %
1 year through less than 2 years 25,000 1.85 % 35,000 1.60 %
2 years through less than 3 years 95,000 2.76 % 85,000 2.65 %
3 years through less than 4 years 25,000 2.13 % 45,000 2.15 %
4 years through 5 years 25,000 2.92 % - -
Total FHLB borrowings $ 629,979 2.32 % $ 670,077 1.76 %
XML 45 R33.htm IDEA: XBRL DOCUMENT v3.10.0.1
Revenue Recognition (Tables)
9 Months Ended
Sep. 30, 2018
Revenue Recognition Tables Abstract  
Schedule of Revenue from Contracts with Customers [Table Text Block]

The following table presents the Company’s sources of noninterest income for the three months and nine months ended September 30, 2018 and 2017. Items outside of ASC 606 are noted as such.

    Three Months   Three Months
Ended Ended
September 30, September 30,
      2018       2017(b)
(dollars in thousands)
Noninterest income
Service charges on deposits
Overdraft fees $ 222 $ 228
Other 186 193
Interchange income 152 153
Net gains on sales of loans (a) 2 50
Wire transfer fees (a) 73 63
Loan servicing fees (a) 16 47
Bank owned life insurance (a) 751 985
Other 27 37
Total noninterest income $ 1,429 $ 1,756

Nine Months Nine Months
Ended Ended
September 30, September 30,
2018 2017(b)
(dollars in thousands)
Noninterest income            
Service charges on deposits
Overdraft fees $ 590 $ 587
Other 482 552
Interchange income 465 499
Net gains on sales of loans (a) 31 120
Wire transfer fees (a) 222 184
Loan servicing fees (a) 64 97
Bank owned life insurance (a) 2,300 2,402
Net gains on sales of securities (a) - 1,596
Annuities and insurance commissions (a) - 39
Other 70 104
Total noninterest income $ 4,224 $ 6,180

(a)

Not within scope of ASC 606

(b)

The Company elected the modified respective approach of adoption; therefore, prior period balances are presented under legacy GAAP and may not be comparable to current year presentation.

XML 46 R34.htm IDEA: XBRL DOCUMENT v3.10.0.1
Subordinated Debentures (Tables)
9 Months Ended
Sep. 30, 2018
Subordinated Borrowings [Abstract]  
Schedule of Subordinated Debentures [Table Text Block]

The following table summarizes the mandatory redeemable trust preferred securities of the Company’s Statutory Trust II at September 30, 2018 and December 31, 2017.

Securities Redeemable by
Issuance Date Issued Liquidation Value Coupon Rate Maturity Issuer Beginning
12/19/2003       $ 5,000,000       $1,000 per Capital       Floating 3-month       01/23/2034       01/23/2009
Security LIBOR + 285 Basis
Points
XML 47 R35.htm IDEA: XBRL DOCUMENT v3.10.0.1
Offsetting Assets and Liabilities (Tables)
9 Months Ended
Sep. 30, 2018
Offsetting Assets And Liabilities Tables  
Schedule of financial instruments that are eligible for offset [Table Text Block]

The following table presents information about financial instruments that are eligible for offset as of September 30, 2018 and December 31, 2017:

                        Gross Amounts Not Offset
Net Amounts            
Gross Amounts of Assets
Offset in the Presented in the  Cash or
Statement of Statement of Financial Financial
Gross Amounts Financial Financial Instruments Instrument Net
Recognized Condition Condition Recognized Collateral Amount
(dollars in thousands)
September 30, 2018
Assets:
Interest rate swaps
$      1,906 $      - $      1,906 $      - $      - $      1,906
December 31, 2017
Assets:
Interest rate swaps
$ 798 $ - $ 798 $ - $ - $ 798
XML 48 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings per Common Share (Details) - Schedule of earnings per common share - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Earnings per common share:        
Income attributable to common stock $ 19,860 $ 13,035 $ 41,582 $ 32,534
Earnings allocated to participating securities 42 42 98 106
Net income $ 19,902 $ 13,077 $ 41,680 $ 32,640
Weighted average common shares outstanding, including participating securities 32,167 32,015 32,127 31,999
Weighted average participating securities (25) (103) (34) (104)
Weighted average common shares outstanding 32,142 31,912 32,093 31,895
Incremental shares from assumed conversions of options, performance units and restricted shares 177 270 220 272
Weighted average common and equivalent shares outstanding 32,319 32,182 32,313 32,167
Earnings per common share:        
Basic $ 0.62 $ 0.41 $ 1.3 $ 1.02
Diluted $ 0.61 $ 0.41 $ 1.29 $ 1.01
XML 49 R37.htm IDEA: XBRL DOCUMENT v3.10.0.1
Securities Available-for-Sale (Details)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2018
USD ($)
Sep. 30, 2018
USD ($)
Integer
Sep. 30, 2017
USD ($)
Dec. 31, 2017
USD ($)
Integer
Investments, Debt and Equity Securities [Abstract]        
Loss on equity securities, net $ 157 $ 325  
Available-for-sale Securities Pledged as Collateral $ 157,000 $ 157,000   $ 157,800
Description of Holding Securities   there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity.   there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity.
Number of Investment Securities Sold | Integer   170   112
XML 50 R38.htm IDEA: XBRL DOCUMENT v3.10.0.1
Securities Available-for-Sale (Details) - Unrealized gains on investment securities - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Securities available-for-sale    
Securities, Amortized Cost $ 421,147 $ 436,868
Securities, Gross Unrealized Gains 974 2,886
Securities, Gross Unrealized Losses (12,082) (4,470)
Securities, Fair Value 410,039 435,284
Federal agency obligations [Member]    
Securities available-for-sale    
Securities, Amortized Cost 48,963 56,297
Securities, Gross Unrealized Gains 14 141
Securities, Gross Unrealized Losses (1,443) (416)
Securities, Fair Value 47,534 56,022
Residential mortgage pass-through securities [Member]    
Securities available-for-sale    
Securities, Amortized Cost 196,650 183,509
Securities, Gross Unrealized Gains 75 330
Securities, Gross Unrealized Losses (6,174) (1,948)
Securities, Fair Value 190,551 181,891
Commercial mortgage pass-through securities [Member]    
Securities available-for-sale    
Securities, Amortized Cost 3,953 4,054
Securities, Gross Unrealized Gains 3
Securities, Gross Unrealized Losses (110) (3)
Securities, Fair Value 3,843 4,054
Obligations of U.S. states and political subdivisions [Member]    
Securities available-for-sale    
Securities, Amortized Cost 133,564 130,723
Securities, Gross Unrealized Gains 727 1,739
Securities, Gross Unrealized Losses (3,903) (1,334)
Securities, Fair Value 130,388 131,128
Corporate bonds and notes [Member]    
Securities available-for-sale    
Securities, Amortized Cost 26,305 29,801
Securities, Gross Unrealized Gains 96 163
Securities, Gross Unrealized Losses (439) (271)
Securities, Fair Value 25,962 29,693
Asset-backed securities [Member]    
Securities available-for-sale    
Securities, Amortized Cost 10,317 12,021
Securities, Gross Unrealized Gains 59 66
Securities, Gross Unrealized Losses (13) (37)
Securities, Fair Value 10,363 12,050
Certificates of deposit [Member]    
Securities available-for-sale    
Securities, Amortized Cost 420 621
Securities, Gross Unrealized Gains 3 4
Securities, Gross Unrealized Losses
Securities, Fair Value 423 625
Other securities [Member]    
Securities available-for-sale    
Securities, Amortized Cost 975 3,422
Securities, Gross Unrealized Gains
Securities, Gross Unrealized Losses
Securities, Fair Value $ 975 3,422
Trust preferred securities [Member]    
Securities available-for-sale    
Securities, Amortized Cost   4,577
Securities, Gross Unrealized Gains   205
Securities, Gross Unrealized Losses   (111)
Securities, Fair Value   4,671
Equity securities [Member]    
Securities available-for-sale    
Securities, Amortized Cost   11,843
Securities, Gross Unrealized Gains   235
Securities, Gross Unrealized Losses   (350)
Securities, Fair Value   $ 11,728
XML 51 R39.htm IDEA: XBRL DOCUMENT v3.10.0.1
Securities Available-for-Sale (Details) - Investments classified by maturity date - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Securities Available-for-Sale:    
Due in one year or less, amortized cost $ 4,429  
Due in one year or less, fair value 4,425  
Due after one year through five years, amortized cost 36,607  
Due after one year through five years, fair value 36,375  
Due after five years through ten years, amortized cost 28,135  
Due after five years through ten years, fair value 28,290  
Due after ten years, amortized cost 150,398  
Due after ten years, fair value 145,580  
Total, amortized cost 421,147 $ 436,868
Total, fair value 410,039  
Residential mortgage pass-through securities [Member]    
Securities Available-for-Sale:    
Total, amortized cost 196,650 183,509
Total, fair value 190,551  
Commercial mortgage pass-through securities [Member]    
Securities Available-for-Sale:    
Total, amortized cost 3,953 4,054
Total, fair value 3,843  
Other securities [Member]    
Securities Available-for-Sale:    
Total, amortized cost 975 $ 3,422
Total, fair value $ 975  
XML 52 R40.htm IDEA: XBRL DOCUMENT v3.10.0.1
Securities Available-for-Sale (Details) - Schedule of realized gains and losses - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Schedule of realized gains and losses [Abstract]        
Proceeds $ 29,543
Gross gains on sales of securities 1,596
Gross losses on sales of securities
Net gains on sales of securities 1,596
Less: tax provision on net gains (579)
Net gains on sales of securities, after tax $ 1,017
XML 53 R41.htm IDEA: XBRL DOCUMENT v3.10.0.1
Securities Available-for-Sale (Details) - Schedule of unrealized losses not recognized in income - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Investment Securities:    
Investment Securities: Total, Fair Value $ 332,591 $ 278,357
Investment Securities: Total, Unrealized Losses (12,082) (4,470)
Investment Securities: Less than 12 Months, Fair Value 178,532 168,028
Investment Securities: Less than 12 Months, Unrealized Losses (4,123) (1,631)
Investment Securities: 12 Months or Longer, Fair Value 154,059 110,329
Investment Securities: 12 Months or Longer, Unrealized Losses (7,959) (2,839)
Federal agency obligations [Member]    
Investment Securities:    
Investment Securities: Total, Fair Value 45,057 39,813
Investment Securities: Total, Unrealized Losses (1,443) (416)
Investment Securities: Less than 12 Months, Fair Value 21,455 28,407
Investment Securities: Less than 12 Months, Unrealized Losses (513) (213)
Investment Securities: 12 Months or Longer, Fair Value 23,602 11,406
Investment Securities: 12 Months or Longer, Unrealized Losses (930) (203)
Residential mortgage pass-through securities [Member]    
Investment Securities:    
Investment Securities: Total, Fair Value 185,442 148,574
Investment Securities: Total, Unrealized Losses (6,174) (1,948)
Investment Securities: Less than 12 Months, Fair Value 106,190 117,556
Investment Securities: Less than 12 Months, Unrealized Losses (2,491) (1,146)
Investment Securities: 12 Months or Longer, Fair Value 79,252 31,018
Investment Securities: 12 Months or Longer, Unrealized Losses (3,683) (802)
Commercial mortgage pass-through securities [Member]    
Investment Securities:    
Investment Securities: Total, Fair Value 3,843 1,198
Investment Securities: Total, Unrealized Losses (110) (3)
Investment Securities: Less than 12 Months, Fair Value 3,843 1,198
Investment Securities: Less than 12 Months, Unrealized Losses (110) (3)
Investment Securities: 12 Months or Longer, Fair Value
Investment Securities: 12 Months or Longer, Unrealized Losses
Obligations of U.S. states and political subdivisions [Member]    
Investment Securities:    
Investment Securities: Total, Fair Value 78,481 57,685
Investment Securities: Total, Unrealized Losses (3,903) (1,334)
Investment Securities: Less than 12 Months, Fair Value 33,733 17,909
Investment Securities: Less than 12 Months, Unrealized Losses (877) (246)
Investment Securities: 12 Months or Longer, Fair Value 44,748 39,776
Investment Securities: 12 Months or Longer, Unrealized Losses (3,026) (1,088)
Corporate bonds and notes [Member]    
Investment Securities:    
Investment Securities: Total, Fair Value 15,655 11,074
Investment Securities: Total, Unrealized Losses (439) (271)
Investment Securities: Less than 12 Months, Fair Value 11,008 1,965
Investment Securities: Less than 12 Months, Unrealized Losses (124) (21)
Investment Securities: 12 Months or Longer, Fair Value 4,647 9,109
Investment Securities: 12 Months or Longer, Unrealized Losses (315) (250)
Asset-backed securities [Member]    
Investment Securities:    
Investment Securities: Total, Fair Value 4,113 7,428
Investment Securities: Total, Unrealized Losses (13) (37)
Investment Securities: Less than 12 Months, Fair Value 2,303 993
Investment Securities: Less than 12 Months, Unrealized Losses (8) (2)
Investment Securities: 12 Months or Longer, Fair Value 1,810 6,435
Investment Securities: 12 Months or Longer, Unrealized Losses $ (5) (35)
Trust preferred securities [Member]    
Investment Securities:    
Investment Securities: Total, Fair Value   1,469
Investment Securities: Total, Unrealized Losses   (111)
Investment Securities: Less than 12 Months, Fair Value  
Investment Securities: Less than 12 Months, Unrealized Losses  
Investment Securities: 12 Months or Longer, Fair Value   1,469
Investment Securities: 12 Months or Longer, Unrealized Losses   (111)
Equity securities [Member]    
Investment Securities:    
Investment Securities: Total, Fair Value   11,116
Investment Securities: Total, Unrealized Losses   (350)
Investment Securities: Less than 12 Months, Fair Value  
Investment Securities: Less than 12 Months, Unrealized Losses  
Investment Securities: 12 Months or Longer, Fair Value   11,116
Investment Securities: 12 Months or Longer, Unrealized Losses   $ (350)
XML 54 R42.htm IDEA: XBRL DOCUMENT v3.10.0.1
Derivatives (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Apr. 13, 2017
Aug. 24, 2015
Dec. 30, 2014
Oct. 15, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]                
Notional Amount of Interest Rate Cash Flow Hedge Derivatives         $ 25,000 $ 25,000 $ 25,000 $ 25,000
Interest expense on derivatives $ 173 $ 95 $ 326 $ 326        
XML 55 R43.htm IDEA: XBRL DOCUMENT v3.10.0.1
Derivatives (Details) - Summary of interest rate swap designated as a cash flow hedges - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Summary of interest rate swap designated as a cash flow hedges [Abstract]      
Notional amount $ 100,000 $ 100,000 $ 100,000
Weighted average pay rates 1.68% 1.52% 1.66%
Weighted average receive rates 2.12% 1.07% 1.23%
Weighted average maturity 1 year 8 months 12 days 2 years 8 months 12 days 2 years 4 months 24 days
Fair value $ 1,906 $ 164 $ 798
XML 56 R44.htm IDEA: XBRL DOCUMENT v3.10.0.1
Derivatives (Details) - Summary of net gains (losses) recorded in accumulated other comprehensive income - Interest Rate Contracts [Member] - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Derivatives (Details) - Summary of net gains (losses) recorded in accumulated other comprehensive income and statements of income relating to cash flow derivative instruments [Line Items]    
Amount of gain recognized in OCI (Effective Portion) $ 796 $ 45
Amount of gain reclassified from OCI to interest income
Amount of gain recognized in other Noninterest income (Ineffective Portion)
XML 57 R45.htm IDEA: XBRL DOCUMENT v3.10.0.1
Derivatives (Details) - Summary of cash flow hedges included in the consolidated balance sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
DERIVATIVES (Details) - Summary of cash flow hedges included in the consolidated balance sheets [Line Items]    
Interest rate swaps related to FHLB advances included in assets, Fair Value $ 1,906 $ 798
Interest Rate Swap [Member]    
DERIVATIVES (Details) - Summary of cash flow hedges included in the consolidated balance sheets [Line Items]    
Interest rate swaps related to FHLB advances included in assets, Notional Amount 100,000 100,000
Interest rate swaps related to FHLB advances included in assets, Fair Value $ 1,906 $ 798
XML 58 R46.htm IDEA: XBRL DOCUMENT v3.10.0.1
Loans and the Allowance for Loan Losses (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2018
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Dec. 31, 2016
LOANS AND THE ALLOWANCE FOR LOAN LOSSES (Details) [Line Items]          
Non Accrual Contractual Due   90 days      
Loans Pledged as Collateral $ 2,200,000 $ 2,200,000   $ 1,900,000  
Loans performing under the restructured terms   11,200 $ 12,800 14,900 $ 13,300
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans   21,100 4,800 5,600 500
Troubled debt restructurings   32,300 $ 17,600 20,500 $ 13,800
Allowance for Loan and Lease Losses Period Increase Decrease Due to Trouble Debt Restructuring $ 0 147      
Reduction in specific reserve allocations   136      
Charge-off related to taxi medallion loan portfolio   17,000      
Commercial loans held-for-sale segment [Member]          
LOANS AND THE ALLOWANCE FOR LOAN LOSSES (Details) [Line Items]          
Loans held-for-sale net of valuation allowance       $ 17,000  
Commercial Portfolio Segment [Member]          
LOANS AND THE ALLOWANCE FOR LOAN LOSSES (Details) [Line Items]          
Allowance for Loan and Lease Losses Period Increase Decrease Due to Trouble Debt Restructuring   $ 11,200      
XML 59 R47.htm IDEA: XBRL DOCUMENT v3.10.0.1
Loans and the Allowance for Loan Losses (Details) - Composition of loan portfolio - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Gross loans $ 4,465,774 $ 4,174,810
Net deferred loan fees (3,287) (3,354)
Total loans receivable 4,462,487 4,171,456
Commercial Portfolio Segment [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Gross loans 933,169 824,082
Commercial Real Estate Portfolio Segment [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Gross loans 2,739,943 2,592,909
Commercial Construction Portfolio Segment [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Gross loans 494,206 483,216
Residential Real Estate Portfolio Segment [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Gross loans 295,948 271,795
Consumer Portfolio Segment [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Gross loans $ 2,508 $ 2,808
XML 60 R48.htm IDEA: XBRL DOCUMENT v3.10.0.1
Loans and the Allowance for Loan Losses (Details) - Loans held-for-sale - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]    
Total carrying amount $ 270 $ 24,845
Commercial Real Estate Portfolio Segment [Member]    
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]    
Total carrying amount 24,475
Residential Real Estate Portfolio Segment [Member]    
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]    
Total carrying amount $ 270 $ 370
XML 61 R49.htm IDEA: XBRL DOCUMENT v3.10.0.1
Loans and the Allowance for Loan Losses (Details) - Schedule of Activity in the valuation allowance - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Schedule of accretable yield, or income expected to be collected [Abstract]        
Balance at beginning of period $ 12,325
Reduction from loans paid off (38) (38)
Increase in valuation allowance 3,000 15,325
Balance at end of period $ 15,287 $ 15,287
XML 62 R50.htm IDEA: XBRL DOCUMENT v3.10.0.1
Loans and the Allowance for Loan Losses (Details) - Purchased Credit-Impaired Loans - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
COMPREHENSIVE INCOME (Details) - Comprehensive Income (Loss) [Table]    
Commercial $ 2,524 $ 2,683
XML 63 R51.htm IDEA: XBRL DOCUMENT v3.10.0.1
Loans and the Allowance for Loan Losses (Details) - Schedule of accretable yield, or income expected to be collected - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Schedule of accretable yield, or income expected to be collected [Abstract]        
Balance at beginning of period $ 1,259 $ 2,496 $ 1,387 $ 2,860
Accretion of income (63) (180) (191) (544)
Balance at end of period $ 1,196 $ 2,316 $ 1,196 $ 2,316
XML 64 R52.htm IDEA: XBRL DOCUMENT v3.10.0.1
Loans and the Allowance for Loan Losses (Details) - Loans receivable on nonaccrual status - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]    
Financing Receivable, Recorded Investment, Nonaccrual Status $ 53,015 $ 65,613
Commercial Portfolio Segment [Member]    
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]    
Financing Receivable, Recorded Investment, Nonaccrual Status 29,562 47,363
Commercial Real Estate Portfolio Segment [Member]    
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]    
Financing Receivable, Recorded Investment, Nonaccrual Status 15,927 12,757
Commercial Construction Portfolio Segment [Member]    
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]    
Financing Receivable, Recorded Investment, Nonaccrual Status 2,934
Residential Real Estate Portfolio Segment [Member]    
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]    
Financing Receivable, Recorded Investment, Nonaccrual Status $ 4,592 $ 5,493
XML 65 R53.htm IDEA: XBRL DOCUMENT v3.10.0.1
Loans and the Allowance for Loan Losses (Details) - Credit quality indicators - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Financing Receivable, Recorded Investment [Line Items]    
Gross loans $ 4,465,774 $ 4,174,810
Commercial Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans 933,169 [1] 824,082
Commercial Real Estate Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans 2,739,943 2,592,909
Commercial Construction Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans 494,206 483,216
Residential Real Estate Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans 295,948 271,795
Consumer Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans 2,508 2,808
Pass [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans 4,361,295 4,045,989
Pass [Member] | Commercial Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans 887,024 [1] 767,020
Pass [Member] | Commercial Real Estate Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans 2,699,338 2,534,973
Pass [Member] | Commercial Construction Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans 481,226 475,066
Pass [Member] | Residential Real Estate Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans 291,223 266,163
Pass [Member] | Consumer Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans 2,484 2,767
Special Mention [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans 28,748 43,620
Special Mention [Member] | Commercial Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans 12,639 [1] 3,764
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans 10,651 34,335
Special Mention [Member] | Commercial Construction Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans 5,458 5,521
Special Mention [Member] | Residential Real Estate Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans
Special Mention [Member] | Consumer Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans
Substandard [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans 75,731 85,201
Substandard [Member] | Commercial Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans 33,506 [1] 53,298
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans 29,954 23,601
Substandard [Member] | Commercial Construction Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans 7,522 2,629
Substandard [Member] | Residential Real Estate Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans 4,725 5,632
Substandard [Member] | Consumer Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans 24 41
Doubtful [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans
Doubtful [Member] | Commercial Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans [1]
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans
Doubtful [Member] | Commercial Construction Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans
Doubtful [Member] | Residential Real Estate Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans
Doubtful [Member] | Consumer Portfolio Segment [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Gross loans
[1] Reflects a $17.0 million charge-off related to the taxi medallion loans classified as "substandard".
XML 66 R54.htm IDEA: XBRL DOCUMENT v3.10.0.1
Loans and the Allowance for Loan Losses (Details) - Schedule of analysis of impaired loans, by class - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Financing Receivable, Impaired [Line Items]          
No related allowance recorded, Recorded Investment $ 65,619   $ 65,619   $ 83,531
No related allowance recorded, Unpaid Principal Balance 127,050   127,050   135,146
Impaired loans with No Related Allowance Average Recorded Investment 65,872 $ 29,264 74,868 $ 28,840  
Impaired loans with No Related Allowance Interest Income Recognized 233 321 964 762  
With an allowance recorded, Recorded Investment 8,792   8,792    
With an allowance recorded, Unpaid Principal Balance 8,795   8,795    
With an allowance recorded, Related Allowance 741   741    
Impaired loans With An Allowance Recorded Average Recorded Investment 8,798 1,645 8,811 1,654  
Impaired loans With An Allowance Recorded Interest Income Recognized 11 2 34 39  
Total, Recorded Investment 74,411   74,411   84,664
Total, Unpaid Principal Balance 135,845   135,845   136,279
Total, Related Allowance 741   741   39
Total Impaired Loans Average Recorded Investment 74,670 30,909 83,679 30,494  
Total Impaired Loans Interest Income Recognized 244 323 998 801  
Commercial Portfolio Segment [Member]          
Financing Receivable, Impaired [Line Items]          
No related allowance recorded, Recorded Investment 31,471   31,471   49,761
No related allowance recorded, Unpaid Principal Balance 92,452   92,452   101,066
Impaired loans with No Related Allowance Average Recorded Investment [1] 31,769 3,100 39,132 3,149  
Impaired loans with No Related Allowance Interest Income Recognized [1] 36 34 102 115  
Total, Recorded Investment 31,471   31,471   49,761
Total, Unpaid Principal Balance 92,452   92,452   101,066
Total, Related Allowance    
Total Impaired Loans Average Recorded Investment [1] 31,769 3,100 39,132 3,149  
Total Impaired Loans Interest Income Recognized [1] 36 34 102 115  
Commercial Real Estate Portfolio Segment [Member]          
Financing Receivable, Impaired [Line Items]          
No related allowance recorded, Recorded Investment 21,483   21,483   23,905
No related allowance recorded, Unpaid Principal Balance 21,636   21,636   23,976
Impaired loans with No Related Allowance Average Recorded Investment 21,557 19,302 21,714 18,813  
Impaired loans with No Related Allowance Interest Income Recognized 105 221 475 424  
With an allowance recorded, Recorded Investment 8,529   8,529   1,133
With an allowance recorded, Unpaid Principal Balance 8,529   8,529   1,133
With an allowance recorded, Related Allowance 709   709   39
Impaired loans With An Allowance Recorded Average Recorded Investment 8,534 1,645 8,544 1,654  
Impaired loans With An Allowance Recorded Interest Income Recognized 11 2 34 39  
Total, Recorded Investment 30,012   30,012   25,038
Total, Unpaid Principal Balance 30,165   30,165   25,109
Total, Related Allowance 709   709   39
Total Impaired Loans Average Recorded Investment 30,091 20,947 30,258 20,467  
Total Impaired Loans Interest Income Recognized 116 223 509 463  
Commercial Construction Portfolio Segment [Member]          
Financing Receivable, Impaired [Line Items]          
No related allowance recorded, Recorded Investment 10,428   10,428   6,662
No related allowance recorded, Unpaid Principal Balance 10,429   10,429   6,662
Impaired loans with No Related Allowance Average Recorded Investment 10,297 4,285 11,718 4,273  
Impaired loans with No Related Allowance Interest Income Recognized 92 63 387 215  
Total, Recorded Investment 10,428   10,428   6,662
Total, Unpaid Principal Balance 10,429   10,429   6,662
Total, Related Allowance    
Total Impaired Loans Average Recorded Investment 10,297 4,285 11,718 4,273  
Total Impaired Loans Interest Income Recognized 92 63 387 215  
Residential Real Estate Portfolio Segment [Member]          
Financing Receivable, Impaired [Line Items]          
No related allowance recorded, Recorded Investment 2,237   2,237   3,203
No related allowance recorded, Unpaid Principal Balance 2,533   2,533   3,442
Impaired loans with No Related Allowance Average Recorded Investment 2,249 2,529 2,304 2,551  
Impaired loans with No Related Allowance Interest Income Recognized 2 6  
With an allowance recorded, Recorded Investment 263   263    
With an allowance recorded, Unpaid Principal Balance 266   266    
With an allowance recorded, Related Allowance 32   32    
Impaired loans With An Allowance Recorded Average Recorded Investment 264 267  
Impaired loans With An Allowance Recorded Interest Income Recognized  
Total, Recorded Investment 2,500   2,500   3,203
Total, Unpaid Principal Balance 2,799   2,799   3,442
Total, Related Allowance 32   32  
Total Impaired Loans Average Recorded Investment 2,513 2,259 2,571 2,551  
Total Impaired Loans Interest Income Recognized 2 6  
Consumer Portfolio Segment [Member]          
Financing Receivable, Impaired [Line Items]          
No related allowance recorded, Recorded Investment    
No related allowance recorded, Unpaid Principal Balance    
Impaired loans with No Related Allowance Average Recorded Investment 48 54  
Impaired loans with No Related Allowance Interest Income Recognized 1 2  
Total, Recorded Investment    
Total, Unpaid Principal Balance    
Total, Related Allowance    
Total Impaired Loans Average Recorded Investment 48 54  
Total Impaired Loans Interest Income Recognized $ 1 $ 2  
[1] Reflects the entire taxi medallion portfolio moving back to the loans held-for-investment category from the loans held-for-sale category in November 2017.
XML 67 R55.htm IDEA: XBRL DOCUMENT v3.10.0.1
Loans and the Allowance for Loan Losses (Details) - Aging analysis - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Nonaccrual $ 53,015 $ 65,613
Total Past Due and Nonaccrual 58,626 72,784
Current 4,407,148 4,102,026
Gross Loans 4,465,774 4,174,810
Commercial Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Nonaccrual 29,562 47,363
Total Past Due and Nonaccrual 31,689 50,918
Current 901,480 773,164
Gross Loans 933,169 824,082
Commercial Real Estate Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Nonaccrual 15,927 12,757
Total Past Due and Nonaccrual 19,117 14,777
Current 2,720,826 2,578,132
Gross Loans 2,739,943 2,592,909
Commercial Construction Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Nonaccrual 2,934
Total Past Due and Nonaccrual 2,934
Current 491,272 483,216
Gross Loans 494,206 483,216
Residential Real Estate Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Nonaccrual 4,592 5,493
Total Past Due and Nonaccrual 4,598 7,071
Current 291,350 264,724
Gross Loans 295,948 271,795
Consumer Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Nonaccrual
Total Past Due and Nonaccrual 288 18
Current 2,220 2,790
Gross Loans 2,508 2,808
30 - 59 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total Past Due and Nonaccrual 527 3,849
30 - 59 Days Past Due [Member] | Commercial Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total Past Due and Nonaccrual 233 1,708
30 - 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total Past Due and Nonaccrual 545
30 - 59 Days Past Due [Member] | Commercial Construction Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total Past Due and Nonaccrual
30 - 59 Days Past Due [Member] | Residential Real Estate Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total Past Due and Nonaccrual 6 1,578
30 - 59 Days Past Due [Member] | Consumer Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total Past Due and Nonaccrual 288 18
60 - 89 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total Past Due and Nonaccrual 3,436 1,658
60 - 89 Days Past Due [Member] | Commercial Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total Past Due and Nonaccrual 246 183
60 - 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total Past Due and Nonaccrual 3,190 1,475
60 - 89 Days Past Due [Member] | Commercial Construction Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total Past Due and Nonaccrual
60 - 89 Days Past Due [Member] | Residential Real Estate Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total Past Due and Nonaccrual
60 - 89 Days Past Due [Member] | Consumer Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total Past Due and Nonaccrual
90 Days or Greater Past Due and Still Accruing [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total Past Due and Nonaccrual 1,648 1,664
90 Days or Greater Past Due and Still Accruing [Member] | Commercial Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total Past Due and Nonaccrual 1,648 1,664
90 Days or Greater Past Due and Still Accruing [Member] | Commercial Real Estate Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total Past Due and Nonaccrual
90 Days or Greater Past Due and Still Accruing [Member] | Commercial Construction Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total Past Due and Nonaccrual
90 Days or Greater Past Due and Still Accruing [Member] | Residential Real Estate Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total Past Due and Nonaccrual
90 Days or Greater Past Due and Still Accruing [Member] | Consumer Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total Past Due and Nonaccrual
XML 68 R56.htm IDEA: XBRL DOCUMENT v3.10.0.1
Loans and the Allowance for Loan Losses (Details) - Allowance for loan and lease losses - USD ($)
$ in Thousands
Sep. 30, 2018
Jun. 30, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Dec. 31, 2016
ALLL            
ALLL, individually evaluated for impairment $ 741   $ 39      
ALLL, collectively evaluated for impairment 32,858   29,909      
ALLL, acquired portfolio 1,150   1,800      
ALLL, acquired with deteriorated credit quality        
Total 34,749 $ 33,594 31,748 $ 29,870 $ 28,401 $ 25,744
Gross loans            
Loans Receivable, individually evaluated for impairment 74,411   84,664      
Loans Receivable, collectively evaluated for impairment 4,063,264   3,639,851      
Loans Receivable, acquired portfolio 325,575   447,612      
Loans Receivables, acquired with deteriorated credit quality 2,524   2,683      
Total 4,465,774   4,174,810      
Commercial Portfolio Segment [Member]            
ALLL            
ALLL, individually evaluated for impairment        
ALLL, collectively evaluated for impairment 9,749   8,032      
ALLL, acquired portfolio 200   200      
ALLL, acquired with deteriorated credit quality        
Total 9,949 8,960 8,232 7,716 7,238 6,632
Gross loans            
Loans Receivable, individually evaluated for impairment 31,471   49,761      
Loans Receivable, collectively evaluated for impairment 891,514   757,923      
Loans Receivable, acquired portfolio 7,660   13,715      
Loans Receivables, acquired with deteriorated credit quality 2,524   2,683      
Total 933,169 [1]   824,082      
Commercial Real Estate Portfolio Segment [Member]            
ALLL            
ALLL, individually evaluated for impairment 709   39      
ALLL, collectively evaluated for impairment 16,569   15,472      
ALLL, acquired portfolio 950   1,600      
ALLL, acquired with deteriorated credit quality        
Total 18,228 18,221 17,111 16,834 15,389 12,583
Gross loans            
Loans Receivable, individually evaluated for impairment 30,012   25,038      
Loans Receivable, collectively evaluated for impairment 2,438,638   2,190,686      
Loans Receivable, acquired portfolio 271,293   377,185      
Loans Receivables, acquired with deteriorated credit quality        
Total 2,739,943   2,592,909      
Commercial Construction Portfolio Segment [Member]            
ALLL            
ALLL, individually evaluated for impairment        
ALLL, collectively evaluated for impairment 4,790   4,747      
ALLL, acquired portfolio        
ALLL, acquired with deteriorated credit quality        
Total 4,790 4,812 4,747 3,940 4,241 4,789
Gross loans            
Loans Receivable, individually evaluated for impairment 10,428   6,662      
Loans Receivable, collectively evaluated for impairment 483,778   476,554      
Loans Receivable, acquired portfolio        
Loans Receivables, acquired with deteriorated credit quality        
Total 494,206   483,216      
Residential Real Estate Portfolio Segment [Member]            
ALLL            
ALLL, individually evaluated for impairment 32        
ALLL, collectively evaluated for impairment 1,183   1,051      
ALLL, acquired portfolio        
ALLL, acquired with deteriorated credit quality        
Total 1,215 1,167 1,051 1,052 985 958
Gross loans            
Loans Receivable, individually evaluated for impairment 2,500   3,203      
Loans Receivable, collectively evaluated for impairment 247,211   212,350      
Loans Receivable, acquired portfolio 46,237   56,242      
Loans Receivables, acquired with deteriorated credit quality        
Total 295,948   271,795      
Consumer Portfolio Segment [Member]            
ALLL            
ALLL, individually evaluated for impairment        
ALLL, collectively evaluated for impairment 3   2      
ALLL, acquired portfolio        
ALLL, acquired with deteriorated credit quality        
Total 3 3 2 2 2 3
Gross loans            
Loans Receivable, individually evaluated for impairment        
Loans Receivable, collectively evaluated for impairment 2,123   2,338      
Loans Receivable, acquired portfolio 385   470      
Loans Receivables, acquired with deteriorated credit quality        
Total 2,508   2,808      
Unallocated [Member]            
ALLL            
ALLL, individually evaluated for impairment        
ALLL, collectively evaluated for impairment 564   605      
ALLL, acquired portfolio        
ALLL, acquired with deteriorated credit quality        
Total $ 564 $ 431 $ 605 $ 326 $ 546 $ 779
[1] Reflects a $17.0 million charge-off related to the taxi medallion loans classified as "substandard".
XML 69 R57.htm IDEA: XBRL DOCUMENT v3.10.0.1
Loans and the Allowance for Loan Losses (Details) - Schedule of allowance for loan losses - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Financing Receivable, Allowance for Credit Losses [Line Items]        
Balance $ 33,594 $ 28,401 $ 31,748 $ 25,744
Charge-offs (6) (1) (17,091) (83)
Recoveries 61 20 92 209
Provision for loan losses 1,100 1,450 20,000 4,000
Balance 34,749 29,870 34,749 29,870
Commercial Portfolio Segment [Member]        
Financing Receivable, Allowance for Credit Losses [Line Items]        
Balance 8,960 7,238 8,232 6,632
Charge-offs (17,066)
Recoveries 56 17 87 158
Provision for loan losses 933 461 18,695 926
Balance 9,949 7,716 9,949 7,716
Commercial Real Estate Portfolio Segment [Member]        
Financing Receivable, Allowance for Credit Losses [Line Items]        
Balance 18,221 15,389 17,111 12,583
Charge-offs (71)
Recoveries 2 50
Provision for loan losses 7 1,443 1,116 4,272
Balance 18,228 16,834 18,228 16,834
Commercial Construction Portfolio Segment [Member]        
Financing Receivable, Allowance for Credit Losses [Line Items]        
Balance 4,812 4,241 4,747 4,789
Charge-offs
Recoveries
Provision for loan losses (22) (301) 43 (849)
Balance 4,790 3,940 4,790 3,940
Residential Real Estate Portfolio Segment [Member]        
Financing Receivable, Allowance for Credit Losses [Line Items]        
Balance 1,167 985 1,051 958
Charge-offs (18)
Recoveries
Provision for loan losses 48 67 183 94
Balance 1,215 1,052 1,215 1,052
Consumer Portfolio Segment [Member]        
Financing Receivable, Allowance for Credit Losses [Line Items]        
Balance 3 2 2 3
Charge-offs (6) (1) (7) (12)
Recoveries 5 1 5 1
Provision for loan losses 1 4 10
Balance 3 2 3 2
Unallocated [Member]        
Financing Receivable, Allowance for Credit Losses [Line Items]        
Balance 431 546 605 779
Charge-offs
Recoveries
Provision for loan losses 133 (220) (41) (453)
Balance $ 564 $ 326 $ 564 $ 326
XML 70 R58.htm IDEA: XBRL DOCUMENT v3.10.0.1
Loans and the Allowance for Loan Losses (Details) - Loans by segment modified as troubled debt restructurings - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2018
Dec. 31, 2017
Recorded Investment [Member]    
Financing Receivable, Allowance for Credit Losses [Line Items]    
Beginning balance $ 20,518 $ 13,818
Additions 18,913 10,378
Payoffs/paydowns (7,094) (3,098)
Transfers (580)
Ending balance 32,337 20,518
ALLL [Member]    
Financing Receivable, Allowance for Credit Losses [Line Items]    
Beginning balance
Additions 11
Payoffs/paydowns
Transfers
Ending balance $ 11
XML 71 R59.htm IDEA: XBRL DOCUMENT v3.10.0.1
Loans and the Allowance for Loan Losses (Details) - Schedule of troubled debt restructuring by class
$ in Thousands
9 Months Ended
Sep. 30, 2018
USD ($)
Integer
Sep. 30, 2017
USD ($)
Integer
Troubled Debt Restructuring, Debtor, Current Period [Line Items]    
Number of Loans | Integer 37 4
Pre-Modification Outstanding Recorded Investment $ 18,239 $ 5,648
Post-Modification Outstanding Recorded Investment $ 18,239 $ 5,648
Commercial Real Estate Portfolio Segment [Member]    
Troubled Debt Restructuring, Debtor, Current Period [Line Items]    
Number of Loans | Integer 2 2
Pre-Modification Outstanding Recorded Investment $ 209 $ 3,042
Post-Modification Outstanding Recorded Investment $ 209 $ 3,042
Commercial Construction Portfolio Segment [Member]    
Troubled Debt Restructuring, Debtor, Current Period [Line Items]    
Number of Loans | Integer 2 1
Pre-Modification Outstanding Recorded Investment $ 1,839 $ 2,589
Post-Modification Outstanding Recorded Investment $ 1,839 $ 2,589
Residential Real Estate Portfolio Segment [Member]    
Troubled Debt Restructuring, Debtor, Current Period [Line Items]    
Number of Loans | Integer 2 1
Pre-Modification Outstanding Recorded Investment $ 454 $ 17
Post-Modification Outstanding Recorded Investment $ 454 $ 17
Commercial Portfolio Segment [Member]    
Troubled Debt Restructuring, Debtor, Current Period [Line Items]    
Number of Loans | Integer 31  
Pre-Modification Outstanding Recorded Investment $ 15,737  
Post-Modification Outstanding Recorded Investment $ 15,737  
XML 72 R60.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Measurements and Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Impaired Financing Receivable, with Related Allowance, Recorded Investment $ 8,792  
Impaired Financing Receivable, Related Allowance 741 $ 39
Impaired Loans [Member]    
Impaired Financing Receivable, with Related Allowance, Recorded Investment 8,800 1,100
Impaired Financing Receivable, Related Allowance $ 700 $ 39
XML 73 R61.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Measurements and Fair Value of Financial Instruments (Details) - Schedule of Fair Value on a recurring basis - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Assets    
Securities available-for-sale, Fair Value $ 410,039 $ 435,284
Derivatives 1,906 798
Fair Value, Inputs, Level 1 [Member]    
Assets    
Securities available-for-sale, Fair Value 975 15,150
Fair Value, Inputs, Level 2 [Member]    
Assets    
Securities available-for-sale, Fair Value 399,623 410,502
Fair Value, Inputs, Level 3 [Member]    
Assets    
Securities available-for-sale, Fair Value 9,441 9,632
Federal agency obligations [Member]    
Assets    
Securities available-for-sale, Fair Value 47,534 56,022
Residential mortgage pass-through securities [Member]    
Assets    
Securities available-for-sale, Fair Value 190,551 181,891
Commercial mortgage pass-through securities [Member]    
Assets    
Securities available-for-sale, Fair Value 3,843 4,054
Obligations of U.S. states and political subdivisions [Member]    
Assets    
Securities available-for-sale, Fair Value 130,388 131,128
Corporate bonds and notes [Member]    
Assets    
Securities available-for-sale, Fair Value 25,962 29,693
Asset-backed securities [Member]    
Assets    
Securities available-for-sale, Fair Value 10,363 12,050
Certificates of deposit [Member]    
Assets    
Securities available-for-sale, Fair Value 423 625
Other securities [Member]    
Assets    
Securities available-for-sale, Fair Value 975 3,422
Trust preferred securities [Member]    
Assets    
Securities available-for-sale, Fair Value   4,671
Equity securities [Member]    
Assets    
Securities available-for-sale, Fair Value   11,728
Recurring [Member]    
Assets    
Securities available-for-sale, Fair Value 410,039 435,284
Equity securities 11,403  
Derivatives 1,906 798
Assets: Available-for-sale, Fair Value 423,348 436,082
Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Assets    
Securities available-for-sale, Fair Value 975 15,150
Equity securities 11,403  
Derivatives
Assets: Available-for-sale, Fair Value 12,378 15,150
Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Assets    
Securities available-for-sale, Fair Value 399,623 410,502
Equity securities  
Derivatives 1,906 798
Assets: Available-for-sale, Fair Value 401,529 411,300
Recurring [Member] | Fair Value, Inputs, Level 3 [Member]    
Assets    
Securities available-for-sale, Fair Value 9,441 9,632
Equity securities  
Derivatives
Assets: Available-for-sale, Fair Value 9,441 9,632
Recurring [Member] | Federal agency obligations [Member]    
Assets    
Securities available-for-sale, Fair Value 47,534 56,022
Recurring [Member] | Federal agency obligations [Member] | Fair Value, Inputs, Level 1 [Member]    
Assets    
Securities available-for-sale, Fair Value
Recurring [Member] | Federal agency obligations [Member] | Fair Value, Inputs, Level 2 [Member]    
Assets    
Securities available-for-sale, Fair Value 47,534 56,022
Recurring [Member] | Federal agency obligations [Member] | Fair Value, Inputs, Level 3 [Member]    
Assets    
Securities available-for-sale, Fair Value
Recurring [Member] | Residential mortgage pass-through securities [Member]    
Assets    
Securities available-for-sale, Fair Value 190,551 181,891
Recurring [Member] | Residential mortgage pass-through securities [Member] | Fair Value, Inputs, Level 1 [Member]    
Assets    
Securities available-for-sale, Fair Value
Recurring [Member] | Residential mortgage pass-through securities [Member] | Fair Value, Inputs, Level 2 [Member]    
Assets    
Securities available-for-sale, Fair Value 190,551 181,891
Recurring [Member] | Residential mortgage pass-through securities [Member] | Fair Value, Inputs, Level 3 [Member]    
Assets    
Securities available-for-sale, Fair Value
Recurring [Member] | Commercial mortgage pass-through securities [Member]    
Assets    
Securities available-for-sale, Fair Value 3,843 4,054
Recurring [Member] | Commercial mortgage pass-through securities [Member] | Fair Value, Inputs, Level 1 [Member]    
Assets    
Securities available-for-sale, Fair Value
Recurring [Member] | Commercial mortgage pass-through securities [Member] | Fair Value, Inputs, Level 2 [Member]    
Assets    
Securities available-for-sale, Fair Value 3,843 4,054
Recurring [Member] | Commercial mortgage pass-through securities [Member] | Fair Value, Inputs, Level 3 [Member]    
Assets    
Securities available-for-sale, Fair Value
Recurring [Member] | Obligations of U.S. states and political subdivisions [Member]    
Assets    
Securities available-for-sale, Fair Value 130,388 131,128
Recurring [Member] | Obligations of U.S. states and political subdivisions [Member] | Fair Value, Inputs, Level 1 [Member]    
Assets    
Securities available-for-sale, Fair Value
Recurring [Member] | Obligations of U.S. states and political subdivisions [Member] | Fair Value, Inputs, Level 2 [Member]    
Assets    
Securities available-for-sale, Fair Value 120,947 121,496
Recurring [Member] | Obligations of U.S. states and political subdivisions [Member] | Fair Value, Inputs, Level 3 [Member]    
Assets    
Securities available-for-sale, Fair Value 9,441 9,632
Recurring [Member] | Corporate bonds and notes [Member]    
Assets    
Securities available-for-sale, Fair Value 25,962 29,693
Recurring [Member] | Corporate bonds and notes [Member] | Fair Value, Inputs, Level 1 [Member]    
Assets    
Securities available-for-sale, Fair Value
Recurring [Member] | Corporate bonds and notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Assets    
Securities available-for-sale, Fair Value 25,962 29,693
Recurring [Member] | Corporate bonds and notes [Member] | Fair Value, Inputs, Level 3 [Member]    
Assets    
Securities available-for-sale, Fair Value
Recurring [Member] | Asset-backed securities [Member]    
Assets    
Securities available-for-sale, Fair Value 10,363 12,050
Recurring [Member] | Asset-backed securities [Member] | Fair Value, Inputs, Level 1 [Member]    
Assets    
Securities available-for-sale, Fair Value
Recurring [Member] | Asset-backed securities [Member] | Fair Value, Inputs, Level 2 [Member]    
Assets    
Securities available-for-sale, Fair Value 10,363 12,050
Recurring [Member] | Asset-backed securities [Member] | Fair Value, Inputs, Level 3 [Member]    
Assets    
Securities available-for-sale, Fair Value
Recurring [Member] | Certificates of deposit [Member]    
Assets    
Securities available-for-sale, Fair Value 423 625
Recurring [Member] | Other securities [Member]    
Assets    
Securities available-for-sale, Fair Value 975 3,422
Recurring [Member] | Other securities [Member] | Fair Value, Inputs, Level 1 [Member]    
Assets    
Securities available-for-sale, Fair Value 975 3,422
Recurring [Member] | Other securities [Member] | Fair Value, Inputs, Level 2 [Member]    
Assets    
Securities available-for-sale, Fair Value
Recurring [Member] | Other securities [Member] | Fair Value, Inputs, Level 3 [Member]    
Assets    
Securities available-for-sale, Fair Value
Recurring [Member] | Certificate Of Deposit [Member] | Fair Value, Inputs, Level 1 [Member]    
Assets    
Securities available-for-sale, Fair Value
Recurring [Member] | Certificate Of Deposit [Member] | Fair Value, Inputs, Level 2 [Member]    
Assets    
Securities available-for-sale, Fair Value 423 625
Recurring [Member] | Certificate Of Deposit [Member] | Fair Value, Inputs, Level 3 [Member]    
Assets    
Securities available-for-sale, Fair Value
Recurring [Member] | Trust preferred securities [Member]    
Assets    
Securities available-for-sale, Fair Value   4,671
Recurring [Member] | Trust preferred securities [Member] | Fair Value, Inputs, Level 1 [Member]    
Assets    
Securities available-for-sale, Fair Value  
Recurring [Member] | Trust preferred securities [Member] | Fair Value, Inputs, Level 2 [Member]    
Assets    
Securities available-for-sale, Fair Value   4,671
Recurring [Member] | Trust preferred securities [Member] | Fair Value, Inputs, Level 3 [Member]    
Assets    
Securities available-for-sale, Fair Value  
Recurring [Member] | Equity securities [Member]    
Assets    
Securities available-for-sale, Fair Value   11,728
Recurring [Member] | Equity securities [Member] | Fair Value, Inputs, Level 1 [Member]    
Assets    
Securities available-for-sale, Fair Value   11,728
Recurring [Member] | Equity securities [Member] | Fair Value, Inputs, Level 2 [Member]    
Assets    
Securities available-for-sale, Fair Value  
Recurring [Member] | Equity securities [Member] | Fair Value, Inputs, Level 3 [Member]    
Assets    
Securities available-for-sale, Fair Value  
XML 74 R62.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Measurements and Fair Value of Financial Instruments (Details) - Schedule of Assets at Fair Value on Non-Recurring - Non-recurring [Member] - Impaired Loans [Member] - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Commercial Real Estate [Member]    
Assets measured at fair value on a nonrecurring basis:    
Assets measured at fair value $ 7,820 $ 1,094
Commercial Real Estate [Member] | Fair Value, Inputs, Level 1 [Member]    
Assets measured at fair value on a nonrecurring basis:    
Assets measured at fair value
Commercial Real Estate [Member] | Fair Value, Inputs, Level 2 [Member]    
Assets measured at fair value on a nonrecurring basis:    
Assets measured at fair value
Commercial Real Estate [Member] | Fair Value, Inputs, Level 3 [Member]    
Assets measured at fair value on a nonrecurring basis:    
Assets measured at fair value 7,820 $ 1,094
Residential Real Estate Portfolio Segment [Member]    
Assets measured at fair value on a nonrecurring basis:    
Assets measured at fair value 231  
Residential Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member]    
Assets measured at fair value on a nonrecurring basis:    
Assets measured at fair value $ 231  
XML 75 R63.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Measurements and Fair Value of Financial Instruments (Details) - Schedule of fair value recurring basis - Municipal Securities [Member] - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2018
Dec. 31, 2017
Balance of recurring Level 3 assets $ 9,632 $ 18,218
Principal paydowns (191) (8,586)
Balance of recurring Level 3 assets $ 9,441 $ 9,632
XML 76 R64.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Measurements and Fair Value of Financial Instruments (Details) - Schedule of fair value on recurring item basis - Recurring [Member] - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2018
Dec. 31, 2017
Assets measured at fair value $ 423,348 $ 436,082
Municipal Securities [Member]    
Assets measured at fair value $ 9,441 $ 9,632
Valuation Techniques Discounted cash flows Discounted cash flows
Unobservable Input <table cellpadding="1" cellspacing="0" style="border-collapse: collapse; font: 8.25pt Segoe UI"> <tr> <td> Discount rate</td></tr> </table> <table cellpadding="1" cellspacing="0" style="border-collapse: collapse; font: 8.25pt Segoe UI"> <tr> <td> Discount rate</td></tr> </table>
Range 2.90% 2.90%
XML 77 R65.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Measurements and Fair Value of Financial Instruments (Details) - Schedule of Fair Value on a non-recurring basis - Non-recurring [Member] - Impaired Loans [Member] - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2018
Dec. 31, 2017
Commercial Real Estate [Member]    
Fair Value Measurements and Fair Value of Financial Instruments (Details) - Fair value, assets and liabilities measured on nonrecurring basis, valuation techniques [Line Items]    
Fair Value $ 7,820 $ 1,094
Valuation Techniques Sales comparison approach Sales comparison approach
Unobservable Input Adjustment for differences between the comparable sales Adjustment for differences between the comparable sales
Commercial Real Estate [Member] | Sales comparison approach [Member]    
Fair Value Measurements and Fair Value of Financial Instruments (Details) - Fair value, assets and liabilities measured on nonrecurring basis, valuation techniques [Line Items]    
Capitalization rate 10.00% 5.00%
Commercial Real Estate [Member] | Sales comparison approach [Member] | Minimum [Member]    
Fair Value Measurements and Fair Value of Financial Instruments (Details) - Fair value, assets and liabilities measured on nonrecurring basis, valuation techniques [Line Items]    
Capitalization rate 0.00% 0.00%
Commercial Real Estate [Member] | Sales comparison approach [Member] | Maximum [Member]    
Fair Value Measurements and Fair Value of Financial Instruments (Details) - Fair value, assets and liabilities measured on nonrecurring basis, valuation techniques [Line Items]    
Capitalization rate 20.00% 10.00%
Residential Real Estate Portfolio Segment [Member]    
Fair Value Measurements and Fair Value of Financial Instruments (Details) - Fair value, assets and liabilities measured on nonrecurring basis, valuation techniques [Line Items]    
Fair Value $ 231  
Valuation Techniques Sales comparison approach  
Unobservable Input Adjustment for differences between the comparable sales  
Residential Real Estate Portfolio Segment [Member] | Sales comparison approach [Member]    
Fair Value Measurements and Fair Value of Financial Instruments (Details) - Fair value, assets and liabilities measured on nonrecurring basis, valuation techniques [Line Items]    
Capitalization rate 2.00%  
Residential Real Estate Portfolio Segment [Member] | Sales comparison approach [Member] | Minimum [Member]    
Fair Value Measurements and Fair Value of Financial Instruments (Details) - Fair value, assets and liabilities measured on nonrecurring basis, valuation techniques [Line Items]    
Capitalization rate 0.00%  
Residential Real Estate Portfolio Segment [Member] | Sales comparison approach [Member] | Maximum [Member]    
Fair Value Measurements and Fair Value of Financial Instruments (Details) - Fair value, assets and liabilities measured on nonrecurring basis, valuation techniques [Line Items]    
Capitalization rate 7.00%  
XML 78 R66.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Measurements and Fair Value of Financial Instruments (Details) - Schedule of fair value hierarchy - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Sep. 30, 2017
Dec. 31, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash and cash equivalents, Carrying Amount $ 155,848 $ 149,582 $ 141,262 $ 200,399
Cash and cash equivalents, Fair Value 155,848 149,582    
Securities available-for-sale, Carrying Amount 410,039 435,284    
Securities available-for-sale, Fair Value 410,039 435,284    
Equity securities, Carrying Amount 11,403      
Equity securities, Fair Value 11,403      
Loans held-for-sale, Carrying Amount 270 24,845    
Loans held-for-sale, Fair Value 270 24,845    
Net loans, Carrying Amount 4,427,738 4,139,708    
Net loans, Fair Value 4,304,357 4,118,542    
Derivatives, Carrying Amount 1,906 798    
Derivatives, Fair Value 1,906 798    
Noninterest-bearing deposits, Carrying Amount 758,213 776,843    
Noninterest-bearing deposits, Fair Value 758,213 776,843    
Interest-bearing deposits, Carrying Amount 3,230,552 3,018,285    
Interest-bearing deposits, Fair Value 3,222,141 3,018,285    
Borrowings, Carrying Amount 629,979 670,077    
Borrowings, Fair Value 626,841 669,680    
Subordinated debentures, Carrying Amount 128,474 54,699    
Subordinated debentures, Fair Value 129,165 57,340    
Fair Value, Inputs, Level 1 [Member]        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash and cash equivalents, Fair Value 155,848 149,582    
Securities available-for-sale, Fair Value 975 15,150    
Equity securities, Fair Value 11,403      
Loans held-for-sale, Fair Value    
Net loans, Fair Value    
Derivatives, Fair Value    
Noninterest-bearing deposits, Fair Value 758,213 776,843    
Interest-bearing deposits, Fair Value 1,907,805 1,842,151    
Borrowings, Fair Value    
Subordinated debentures, Fair Value    
Fair Value, Inputs, Level 2 [Member]        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash and cash equivalents, Fair Value    
Securities available-for-sale, Fair Value 399,623 410,502    
Equity securities, Fair Value      
Loans held-for-sale, Fair Value 370    
Net loans, Fair Value    
Derivatives, Fair Value 1,906 798    
Noninterest-bearing deposits, Fair Value    
Interest-bearing deposits, Fair Value 1,314,336 1,176,134    
Borrowings, Fair Value 626,841 669,680    
Subordinated debentures, Fair Value 129,165 57,340    
Fair Value, Inputs, Level 3 [Member]        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash and cash equivalents, Fair Value    
Securities available-for-sale, Fair Value 9,441 9,632    
Equity securities, Fair Value      
Loans held-for-sale, Fair Value 270 24,475    
Net loans, Fair Value 4,304,357 4,118,542    
Derivatives, Fair Value    
Noninterest-bearing deposits, Fair Value    
Interest-bearing deposits, Fair Value    
Borrowings, Fair Value    
Subordinated debentures, Fair Value    
XML 79 R67.htm IDEA: XBRL DOCUMENT v3.10.0.1
Comprehensive Income (Details)
$ in Thousands
Sep. 30, 2018
USD ($)
Comprehensive Income Loss Abstract  
Increase in retained earnings $ 709
Cumulative-effect adjustment to balance sheet $ 55
XML 80 R68.htm IDEA: XBRL DOCUMENT v3.10.0.1
Comprehensive Income (Details) - Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
COMPREHENSIVE INCOME (Details) - Comprehensive Income (Loss) [Line Items]        
Sale of securities available-for-sale Net gains on sale of securities available-for-sale $ (2,840) $ 415 $ (9,639) $ 1,332
Sale of securities available-for-sale Income tax expense 729 (165) 2,466 (525)
Total reclassification (2,037) 382 (6,011) 17
Amounts Reclassified from Accumulated Other Comprehensive Income/(Loss) [Member]        
COMPREHENSIVE INCOME (Details) - Comprehensive Income (Loss) [Line Items]        
Sale of securities available-for-sale Net gains on sale of securities available-for-sale 1,596
Sale of securities available-for-sale Income tax expense (579)
Sale of securities available-for-sale 1,017
Amortization of pension plan net actuarial losses Salaries and employee benefits 91 (103) 274 (309)
Amortization of pension plan net actuarial losses Income tax benefit (26) 42 (77) 126
Amortization of pension plan net actuarial losses 65 (61) 197 (183)
Total reclassification $ 65 $ (61) $ 197 $ 834
XML 81 R69.htm IDEA: XBRL DOCUMENT v3.10.0.1
Comprehensive Income (Details) - Schedule of Accumulated Other Comprehensive Income (Loss) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Schedule of Accumulated Other Comprehensive Income (Loss) [Abstract]    
Investment securities available-for-sale, net of tax $ (8,208) $ (902)
Cash flow hedge, net of tax 1,370 472
Defined benefit pension and post-retirement plans, net of tax (3,846) (3,589)
Total accumulated other comprehensive loss $ (10,684) $ (4,019)
XML 82 R70.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock Based Compensation (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Compensation expense $ 600 $ 500 $ 1,300 $ 1,300  
Shares granted        
Share-based Compensation Arrangement by Share-based Payment Award, Award expiration Period     10 years    
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period     3 years    
Unrecognized compensation cost related to nonvested shares $ 756   $ 756    
Weighted average period related to compesation cost     2 years 4 months 24 days    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number 196,077   196,077   299,778
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost (in Dollars)     $ 887 $ 181  
Restricted Stock [Member]          
Shares granted     29,423 0  
Restricted shares granted 0 1,000 23,018 56,164  
Unrecognized compensation cost related to nonvested shares $ 920   $ 920    
Weighted average period related to compesation cost     1 year 1 month 6 days    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number 29,423   29,423    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number 29,423   29,423  
Performance Shares [Member]          
Maximum number of shares of common stock or equivalents issued     69,627    
Shares granted 0   19,614    
Unrecognized compensation cost related to nonvested shares $ 822   $ 822    
Weighted average period related to compesation cost     1 year 9 months 18 days    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number 86,009   86,009    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number 151,772   151,772    
Performance unit shares to satisfy tax obligation created from vesting     26,955    
XML 83 R71.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock Based Compensation (Details) - Disclosure of Share-based Compensation Arrangements by Share-based Payment Award - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]    
Outstanding Beginning Balance 299,778  
Granted  
Exercised (102,378) (10,846)
Forfeited/cancelled/expired (1,323)  
Outstanding Ending Balance 196,077  
Exercisable Ending Balance 196,077  
Outstanding Beginning Balance, Weighted-Average Exercise Price $ 6.18  
Exercised, Weighted-Average Exercise Price 5.12  
Forfeited/cancelled/expired, Weighted-Average Exercise Price 14.24  
Outstanding Ending Balance, Weighted-Average Exercise Price 6.68  
Exercisable Ending Balance, Weighted-Average Exercise Price $ 6.68  
Outstanding Ending Balance - Weighted-Average Remaining Contractual Term (In Years) 1 year 9 months 18 days  
Exercisable Ending Balance - Weighted-Average Remaining Contractual Term (In Years) 1 year 9 months 18 days  
Outstanding Ending Balance - Aggregate Intrinsic Value $ 3,346,546  
Exercisable Ending Balance - Aggregate Intrinsic Value $ 3,346,546  
XML 84 R72.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock Based Compensation (Details) - Schedule of Share-based Payment Award, Nonvested Shares
9 Months Ended
Sep. 30, 2018
$ / shares
shares
Granted
Nonvested [Member]  
Outstanding, beginning balance 103,078
Granted 23,018
Vested (58,002)
Forfeited/cancelled/expired (666)
Outstanding, ending balance 67,428
Outstanding, beginning balance | $ / shares $ 20.41
Granted | $ / shares 28.08
Vested | $ / shares 20.33
Forfeited/cancelled/expired | $ / shares 24.25
Outstanding, ending balance | $ / shares $ 23.07
XML 85 R73.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock Based Compensation (Details) - Schedule of Share-based Payment Award, Unearned Shares - $ / shares
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Outstanding Beginning Balance 299,778  
Awarded  
Outstanding Ending Balance 196,077  
Unearned [Member]    
Outstanding Beginning Balance 151,194  
Awarded 19,614  
Change in Estimate (15,172)  
Vested (69,627)  
Outstanding Ending Balance 86,009  
Outstanding, beginning balance $ 19.19  
Awarded 31.35  
Vested 19.46  
Outstanding, ending balance $ 22.06  
Restricted Stock [Member]    
Outstanding Beginning Balance  
Awarded 29,423 0
Forfeited  
Vested  
Outstanding Ending Balance 29,423  
Outstanding, beginning balance  
Awarded 31.35  
Forfeited  
Vested  
Outstanding, ending balance $ 31.35  
XML 86 R74.htm IDEA: XBRL DOCUMENT v3.10.0.1
Components of Net Periodic Pension Cost (Schedule of Net Benefit Costs) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Average daily balance during the year        
Service cost
Interest cost 106 119 320 358
Expected return on plan assets (190) (160) (573) (480)
Net amortization 91 103 274 309
Recognized settlement loss       2
Net periodic pension cost 7 $ 62 $ 21 $ 189
Defined Benefit Plan, Contributions by Employer $ 2,000      
XML 87 R75.htm IDEA: XBRL DOCUMENT v3.10.0.1
Components of Net Periodic Pension Cost (Schedule of Changes as a result of ASU 2017-07) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Other components of net periodic pension expense $ 7 $ 62 $ 21 $ 189
Salaries and employee benefits $ 10,174 8,810 $ 29,575 25,521
Accounting Standards Update 2017-07 [Member] | Previously Reported [Member]        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Other components of net periodic pension expense    
Salaries and employee benefits   $ 8,872   $ 25,710
XML 88 R76.htm IDEA: XBRL DOCUMENT v3.10.0.1
FHLB Borrowings (Details)
$ in Millions
Sep. 30, 2018
USD ($)
Long-term Line of Credit $ 170.0
Line of Credit Facility, Remaining Borrowing Capacity $ 100.0
XML 89 R77.htm IDEA: XBRL DOCUMENT v3.10.0.1
FHLB Borrowings (Details) - Schedule of components of FHLB borrowings and weighted average interest rates - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
By type of borrowing:    
FHLB borrowings (in Dollars) $ 629,979 $ 670,077
Weighted average interest rates 2.32% 1.76%
By remaining period to maturity:    
Less than 1 year (in Dollars) $ 459,979 $ 505,077
Less than 1 year 2.24% 1.59%
1 year through less than 2 years (in Dollars) $ 25,000 $ 35,000
1 year through less than 2 years 1.85% 1.60%
2 years through less than 3 years (in Dollars) $ 95,000 $ 85,000
2 years through less than 3 years 2.76% 2.65%
3 years through less than 4 years (in Dollars) $ 25,000 $ 45,000
3 years through less than 4 years 2.13% 2.15%
4 years through 5 years (in Dollars) $ 25,000
4 years through 5 years 2.92%
XML 90 R78.htm IDEA: XBRL DOCUMENT v3.10.0.1
Revenue Recognition (Schedule of Revenue from Contracts with Customers) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
[1]
Sep. 30, 2018
Sep. 30, 2017
[1]
Service charges on deposits        
Overdraft fees $ 222 $ 228 $ 590 $ 587
Other 186 193 482 552
Interchange income 152 153 465 499
Net gains on sales of loans (a) [2] 2 50 31 120
Wire transfer fees (a) [2] 73 63 222 184
Loan servicing fees (a) [2] 16 47 64 97
Bank owned life insurance (a) [2] 751 985 2,300 2,402
Net gains on sales of securities (a) [2] 1,596
Annuity and insurance income (a) [2] 39
Other 27 37 70 104
Total noninterest income $ 1,429 $ 1,756 $ 4,224 $ 6,180
[1] The Company elected the modified respective approach of adoption; therefore, prior period balances are presented under legacy GAAP and may not be comparable to current year presentation.
[2] Not within scope of ASC 606.
XML 91 R79.htm IDEA: XBRL DOCUMENT v3.10.0.1
Subordinated Debentures (Details) - USD ($)
$ in Thousands
1 Months Ended 9 Months Ended
Jan. 11, 2018
Jun. 30, 2015
Sep. 30, 2018
Fixed-to-floating Rate Subordinated Notes [Member]      
Subordinated Debentures (Details) [Line Items]      
Percentage Rate Added to Libor 2.84%    
Proceeds from Issuance of Debt $ 75,000 $ 50,000  
Debt Instrument, Term   5 years  
Debt Instrument, Maturity Date Feb. 01, 2023 Jul. 01, 2025  
Debt Instrument, Interest Rate, Stated Percentage 5.20% 5.75%  
Debt Instrument, Description of Variable Rate Basis three month LIBOR rate plus 284 basis points three month LIBOR rate plus 393 basis points  
Debt Issuance Cost $ 1,364   $ 317
Subordinated Debt from Trust [Member]      
Subordinated Debentures (Details) [Line Items]      
Value of subordinated debentures received by Trust     $ 5,000
Percentage Rate Added to Libor     2.85%
Floating interest rate on subordinated debentures     5.19%
Proceeds from Issuance of Debt     $ 5,200
Debt Instrument, Maturity Date     Jan. 23, 2034
XML 92 R80.htm IDEA: XBRL DOCUMENT v3.10.0.1
Subordinated Debentures (Details) - Schedule of Subordinated Borrowing - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2018
Dec. 31, 2017
Schedule of Subordinated Borrowing [Abstract]    
Issuance Date Dec. 19, 2003 Dec. 19, 2003
Securities Issued $ 5,000 $ 5,000
Liquidation Value $1,000 per Capital Security $1,000 per Capital Security
Coupon Rate Floating 3-month LIBOR + 285 Basis Points Floating 3-month LIBOR + 285 Basis Points
Maturity Jan. 23, 2034 Jan. 23, 2034
Redeemable by Issuer Beginning Jan. 23, 2009 Jan. 23, 2009
XML 93 R81.htm IDEA: XBRL DOCUMENT v3.10.0.1
Offsetting Assets and Liabilities (Details) - Interest Rate Swap [Member] - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Gross Amounts Recognized, Assets $ 1,906 $ 798
Gross Amounts Offset in the Statement of Financial Position, Assets
Net Amounts of Assets Presented in the Statement of Financial Position, Assets 1,906 798
Financial Instruments Recognized, Assets
Cash or Financial Instrument Collateral, Assets
Net Amount, Assets $ 1,906 $ 798
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