Quarterly Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 |
Transition Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |||||||||||||
| ||||||||||||||
(Address of principal executive offices) | (Zip code) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
None | N/A | N/A |
Large accelerated filer | ☐ | Accelerated filer | ☐ | |||||||||||||||||
☒ | Smaller reporting company | |||||||||||||||||||
Emerging growth company |
Item 1. | ||||||||||||||
Item 2. | ||||||||||||||
Item 3. | ||||||||||||||
Item 4. | ||||||||||||||
Item 1. | ||||||||||||||
Item 1A. | ||||||||||||||
Item 2. | ||||||||||||||
Item 3. | ||||||||||||||
Item 4. | ||||||||||||||
Item 5. | ||||||||||||||
Item 6. | ||||||||||||||
ACL: Allowance for credit losses | FHLB: Federal Home Loan Bank | |||||||
AFS: Available-for-sale | Freddie Mac: Federal Home Loan Mortgage Corporation | |||||||
ALCO: Asset-Liability Committee | FTE: Fully taxable equivalent | |||||||
ALLL: Allowance for loan and lease losses | GAAP: U.S. generally accepted accounting principles | |||||||
AOCI: Accumulated other comprehensive income | IRR: Interest rate risk | |||||||
ASC: FASB Accounting Standards Codification | N/A: Not applicable | |||||||
ASU: FASB Accounting Standards Update | N/M: Not meaningful | |||||||
ATM: Automated teller machine | NAV: Net asset value | |||||||
CECL: Current expected credit losses | NSF: Non-sufficient funds | |||||||
CIK: Central Index Key | OCI: Other comprehensive income (loss) | |||||||
COVID-19: Coronavirus disease 2019 | OMSR: Originated mortgage servicing rights | |||||||
DIF: Deposit Insurance Fund | OREO: Other real estate owned | |||||||
DIFS: Department of Insurance and Financial Services | OTTI: Other-than-temporary impairment | |||||||
Directors Plan: Isabella Bank Corporation and Related Companies Deferred Compensation Plan for Directors | Rabbi Trust: A trust established to fund our Directors Plan | |||||||
Dividend Reinvestment Plan: Isabella Bank Corporation Stockholder Dividend Reinvestment Plan and Employee Stock Purchase Plan | RSP: Isabella Bank Corporation Restricted Stock Plan | |||||||
Exchange Act: Securities Exchange Act of 1934 | SOFR: Secured Overnight Financing Rate | |||||||
FASB: Financial Accounting Standards Board | SEC: U.S. Securities and Exchange Commission | |||||||
FDIC: Federal Deposit Insurance Corporation | SOX: Sarbanes-Oxley Act of 2002 | |||||||
FFIEC: Federal Financial Institutions Examinations Council | XBRL: eXtensible Business Reporting Language | |||||||
FRB: Federal Reserve Bank | Yield Curve: U.S. Treasury Yield Curve |
September 30 2023 | December 31 2022 | ||||||||||
ASSETS | |||||||||||
Cash and cash equivalents | |||||||||||
Cash and demand deposits due from banks | $ | $ | |||||||||
Fed Funds sold and interest bearing balances due from banks | |||||||||||
Total cash and cash equivalents | |||||||||||
AFS securities, at fair value | |||||||||||
Mortgage loans AFS | |||||||||||
Loans | |||||||||||
Less allowance for credit losses | |||||||||||
Net loans | |||||||||||
Premises and equipment | |||||||||||
Corporate owned life insurance policies | |||||||||||
Equity securities without readily determinable fair values | |||||||||||
Goodwill and other intangible assets | |||||||||||
Accrued interest receivable and other assets | |||||||||||
TOTAL ASSETS | $ | $ | |||||||||
LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||||||||
Deposits | |||||||||||
Noninterest bearing | $ | $ | |||||||||
Interest bearing demand deposits | |||||||||||
Certificates of deposit under $250 and other savings | |||||||||||
Certificates of deposit over $250 | |||||||||||
Total deposits | |||||||||||
Borrowed funds | |||||||||||
Federal funds purchased and repurchase agreements | |||||||||||
FHLB advances | |||||||||||
Subordinated debt, net of unamortized issuance costs | |||||||||||
Total borrowed funds | |||||||||||
Accrued interest payable and other liabilities | |||||||||||
Total liabilities | |||||||||||
Shareholders’ equity | |||||||||||
Common stock — no par value | |||||||||||
Shares to be issued for deferred compensation obligations | |||||||||||
Retained earnings | |||||||||||
Accumulated other comprehensive income (loss) | ( | ( | |||||||||
Total shareholders’ equity | |||||||||||
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | $ |
Three Months Ended September 30 | Nine Months Ended September 30 | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
Interest income | |||||||||||||||||||||||
Loans, including fees | $ | $ | $ | $ | |||||||||||||||||||
AFS securities | |||||||||||||||||||||||
Taxable | |||||||||||||||||||||||
Nontaxable | |||||||||||||||||||||||
Federal funds sold and other | |||||||||||||||||||||||
Total interest income | |||||||||||||||||||||||
Interest expense | |||||||||||||||||||||||
Deposits | |||||||||||||||||||||||
Borrowings | |||||||||||||||||||||||
Federal funds purchased and repurchase agreements | |||||||||||||||||||||||
FHLB advances | |||||||||||||||||||||||
Subordinated debt, net of unamortized issuance costs | |||||||||||||||||||||||
Total interest expense | |||||||||||||||||||||||
Net interest income | |||||||||||||||||||||||
Provision for credit losses | ( | ( | |||||||||||||||||||||
Net interest income after provision for credit losses | |||||||||||||||||||||||
Noninterest income | |||||||||||||||||||||||
Service charges and fees | |||||||||||||||||||||||
Wealth management fees | |||||||||||||||||||||||
Earnings on corporate owned life insurance policies | |||||||||||||||||||||||
Net gain on sale of mortgage loans | |||||||||||||||||||||||
Other | |||||||||||||||||||||||
Total noninterest income | |||||||||||||||||||||||
Noninterest expenses | |||||||||||||||||||||||
Compensation and benefits | |||||||||||||||||||||||
Furniture and equipment | |||||||||||||||||||||||
Occupancy | |||||||||||||||||||||||
Other | |||||||||||||||||||||||
Total noninterest expenses | |||||||||||||||||||||||
Income before federal income tax expense | |||||||||||||||||||||||
Federal income tax expense | |||||||||||||||||||||||
NET INCOME | $ | $ | $ | $ | |||||||||||||||||||
Earnings per common share | |||||||||||||||||||||||
Basic | $ | $ | $ | $ | |||||||||||||||||||
Diluted | $ | $ | $ | $ | |||||||||||||||||||
Cash dividends per common share | $ | $ | $ | $ |
Three Months Ended September 30 | Nine Months Ended September 30 | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
Net income | $ | $ | $ | $ | |||||||||||||||||||
Unrealized gains (losses) on AFS securities arising during the period | ( | ( | ( | ( | |||||||||||||||||||
Reclassification adjustment for net (gains) losses included in net income | ( | ||||||||||||||||||||||
Tax effect (1) | |||||||||||||||||||||||
Unrealized gains (losses) on AFS securities, net of tax | ( | ( | ( | ( | |||||||||||||||||||
Comprehensive income (loss) | $ | ( | $ | ( | $ | $ | ( |
Common Stock | |||||||||||||||||||||||||||||||||||
Common Shares Outstanding | Amount | Common Shares to be Issued for Deferred Compensation Obligations | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Totals | ||||||||||||||||||||||||||||||
January 1, 2022 | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||
Comprehensive income (loss) | — | — | — | ( | ( | ||||||||||||||||||||||||||||||
Issuance of common stock | — | — | — | ||||||||||||||||||||||||||||||||
Common stock transferred from the Rabbi Trust to satisfy deferred compensation obligations | — | ( | — | — | |||||||||||||||||||||||||||||||
Share-based payment awards under the Directors Plan | — | — | — | — | |||||||||||||||||||||||||||||||
Share-based compensation expense recognized in earnings under the RSP | — | — | — | — | |||||||||||||||||||||||||||||||
Common stock purchased for deferred compensation obligations | — | ( | — | — | — | ( | |||||||||||||||||||||||||||||
Common stock repurchased | ( | ( | — | — | — | ( | |||||||||||||||||||||||||||||
Cash dividends paid ($ | — | — | — | ( | — | ( | |||||||||||||||||||||||||||||
September 30, 2022 | $ | $ | $ | $ | ( | $ | |||||||||||||||||||||||||||||
January 1, 2023 | $ | $ | $ | $ | ( | $ | |||||||||||||||||||||||||||||
Cumulative effect of accounting change - adoption of ASC 326 | — | — | — | ( | — | ( | |||||||||||||||||||||||||||||
Comprehensive income (loss) | — | — | — | ( | |||||||||||||||||||||||||||||||
Issuance of common stock | — | — | — | ||||||||||||||||||||||||||||||||
Common stock transferred from the Rabbi Trust to satisfy deferred compensation obligations | — | ( | — | — | |||||||||||||||||||||||||||||||
Share-based payment awards under the Directors Plan | — | — | — | — | |||||||||||||||||||||||||||||||
Share-based compensation expense recognized in earnings under the RSP | — | — | — | — | |||||||||||||||||||||||||||||||
Common stock purchased for deferred compensation obligations | — | ( | — | — | — | ( | |||||||||||||||||||||||||||||
Common stock repurchased | ( | ( | — | — | — | ( | |||||||||||||||||||||||||||||
Cash dividends paid ($ | — | — | — | ( | — | ( | |||||||||||||||||||||||||||||
September 30, 2023 | $ | $ | $ | $ | ( | $ |
Nine Months Ended September 30 | |||||||||||
2023 | 2022 | ||||||||||
OPERATING ACTIVITIES | |||||||||||
Net income | $ | $ | |||||||||
Reconciliation of net income to net cash provided by operating activities: | |||||||||||
Provision for credit losses | ( | ||||||||||
Depreciation | |||||||||||
Amortization of OMSR | |||||||||||
Amortization of acquisition intangibles | |||||||||||
Amortization of subordinated debt issuance costs | |||||||||||
Net amortization of AFS securities | |||||||||||
Net gains on sale of AFS securities | ( | ||||||||||
Net gain on sale of mortgage loans | ( | ( | |||||||||
Change in OMSR valuation allowance | ( | ||||||||||
Net (gains) losses on foreclosed assets | ( | ( | |||||||||
Increase in cash value of corporate owned life insurance policies, net of expenses | ( | ( | |||||||||
Gains from redemption of corporate owned life insurance policies | ( | ||||||||||
Share-based payment awards under the Directors Plan | |||||||||||
Share-based payment awards under the RSP | |||||||||||
Deferred income tax expense (benefit) | |||||||||||
Origination of loans held-for-sale | ( | ( | |||||||||
Proceeds from loan sales | |||||||||||
Net changes in operating assets and liabilities which provided (used) cash: | |||||||||||
Accrued interest receivable and other assets | ( | ||||||||||
Accrued interest payable and other liabilities | ( | ||||||||||
Net cash provided by (used in) operating activities | |||||||||||
INVESTING ACTIVITIES | |||||||||||
Activity in AFS securities | |||||||||||
Sales | |||||||||||
Maturities, calls, and principal payments | |||||||||||
Purchases | ( | ( | |||||||||
Net loan principal (originations) collections | ( | ||||||||||
Proceeds from sales of foreclosed assets | |||||||||||
Purchases of premises and equipment | ( | ( | |||||||||
Proceeds from redemption of corporate owned life insurance policies | |||||||||||
Proceeds from sale of FHLB Stock | |||||||||||
Purchases of FRB Stock | ( | ||||||||||
Funding of low income housing tax credit investments | ( | ( | |||||||||
Purchase of equity investments | ( | ||||||||||
Net cash provided by (used in) investing activities | ( | ( |
Nine Months Ended September 30 | |||||||||||
2023 | 2022 | ||||||||||
FINANCING ACTIVITIES | |||||||||||
Net increase (decrease) in deposits | $ | $ | |||||||||
Net increase (decrease) in fed funds purchased and repurchase agreements | ( | ||||||||||
Net increase (decrease) in FHLB advances | ( | ||||||||||
Cash dividends paid on common stock | ( | ( | |||||||||
Proceeds from issuance of common stock | |||||||||||
Common stock repurchased | ( | ( | |||||||||
Common stock purchased for deferred compensation obligations | ( | ( | |||||||||
Net cash provided by (used in) financing activities | |||||||||||
Increase (decrease) in cash and cash equivalents | ( | ||||||||||
Cash and cash equivalents at beginning of period | |||||||||||
Cash and cash equivalents at end of period | $ | $ | |||||||||
SUPPLEMENTAL CASH FLOWS INFORMATION: | |||||||||||
Interest paid | $ | $ | |||||||||
Income taxes paid | $ | $ | |||||||||
SUPPLEMENTAL NONCASH INFORMATION: | |||||||||||
Investment of low income housing tax credits | $ | $ | |||||||||
Transfers of loans to foreclosed assets | $ | $ |
January 1, 2023 | |||||||||||||||||||||||
Pre-Adoption Allowance | Impact of Adoption | Post-Adoption Allowance | Cumulative Effect on Retained Earnings | ||||||||||||||||||||
Loans: | |||||||||||||||||||||||
Commercial and industrial | $ | $ | ( | $ | $ | ||||||||||||||||||
Commercial real estate | ( | ||||||||||||||||||||||
Agricultural | ( | ||||||||||||||||||||||
Residential real estate | ( | ||||||||||||||||||||||
Consumer | ( | ||||||||||||||||||||||
Unallocated | ( | ||||||||||||||||||||||
Total | $ | $ | $ | $ | ( | ||||||||||||||||||
Off-balance-sheet credit exposures | $ | $ | $ | $ | ( |
September 30, 2023 | |||||||||||||||||||||||
Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | ||||||||||||||||||||
U.S. Treasury | $ | $ | $ | $ | |||||||||||||||||||
States and political subdivisions | |||||||||||||||||||||||
Auction rate money market preferred | |||||||||||||||||||||||
Mortgage-backed securities | |||||||||||||||||||||||
Collateralized mortgage obligations | |||||||||||||||||||||||
Corporate | |||||||||||||||||||||||
Total | $ | $ | $ | $ |
December 31, 2022 | |||||||||||||||||||||||
Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | ||||||||||||||||||||
U.S. Treasury | $ | $ | $ | $ | |||||||||||||||||||
States and political subdivisions | |||||||||||||||||||||||
Auction rate money market preferred | |||||||||||||||||||||||
Mortgage-backed securities | |||||||||||||||||||||||
Collateralized mortgage obligations | |||||||||||||||||||||||
Corporate | |||||||||||||||||||||||
Total | $ | $ | $ | $ |
Maturing | Securities with Variable Monthly Payments or Noncontractual Maturities | ||||||||||||||||||||||||||||||||||
Due in One Year or Less | After One Year But Within Five Years | After Five Years But Within Ten Years | After Ten Years | Total | |||||||||||||||||||||||||||||||
U.S. Treasury | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
States and political subdivisions | |||||||||||||||||||||||||||||||||||
Auction rate money market preferred | |||||||||||||||||||||||||||||||||||
Mortgage-backed securities | |||||||||||||||||||||||||||||||||||
Collateralized mortgage obligations | |||||||||||||||||||||||||||||||||||
Corporate | |||||||||||||||||||||||||||||||||||
Total amortized cost | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
Fair value | $ | $ | $ | $ | $ | $ |
Three Months Ended September 30 | Nine Months Ended September 30 | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
Proceeds from sales of AFS securities | $ | $ | $ | $ | |||||||||||||||||||
Realized gains (losses) | $ | $ | $ | $ | |||||||||||||||||||
Applicable income tax expense (benefit) | $ | $ | $ | $ |
September 30, 2023 | |||||||||||||||||||||||||||||
Less Than Twelve Months | Twelve Months or More | ||||||||||||||||||||||||||||
Gross Unrealized Losses | Fair Value | Gross Unrealized Losses | Fair Value | Total Unrealized Losses | |||||||||||||||||||||||||
U.S. Treasury | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
States and political subdivisions | |||||||||||||||||||||||||||||
Auction rate money market preferred | |||||||||||||||||||||||||||||
Mortgage-backed securities | |||||||||||||||||||||||||||||
Collateralized mortgage obligations | |||||||||||||||||||||||||||||
Corporate | |||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
Number of securities in an unrealized loss position: |
December 31, 2022 | |||||||||||||||||||||||||||||
Less Than Twelve Months | Twelve Months or More | ||||||||||||||||||||||||||||
Gross Unrealized Losses | Fair Value | Gross Unrealized Losses | Fair Value | Total Unrealized Losses | |||||||||||||||||||||||||
U.S. Treasury | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
States and political subdivisions | |||||||||||||||||||||||||||||
Auction rate money market preferred | |||||||||||||||||||||||||||||
Mortgage-backed securities | |||||||||||||||||||||||||||||
Collateralized mortgage obligations | |||||||||||||||||||||||||||||
Corporate | |||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
Number of securities in an unrealized loss position: |
September 30 2023 | Percent of Total | December 31 2022 | Percent of Total | ||||||||||||||||||||
Commercial and industrial | |||||||||||||||||||||||
Secured | $ | % | $ | % | |||||||||||||||||||
Unsecured | % | % | |||||||||||||||||||||
Total commercial and industrial | % | % | |||||||||||||||||||||
Commercial real estate | |||||||||||||||||||||||
Commercial mortgage owner occupied | % | % | |||||||||||||||||||||
Commercial mortgage non-owner occupied | % | % | |||||||||||||||||||||
Commercial mortgage 1-4 family investor | % | % | |||||||||||||||||||||
Commercial mortgage multifamily | % | % | |||||||||||||||||||||
Total commercial real estate | % | % | |||||||||||||||||||||
Advances to mortgage brokers | % | % | |||||||||||||||||||||
Agricultural | |||||||||||||||||||||||
Agricultural mortgage | % | % | |||||||||||||||||||||
Agricultural | % | % | |||||||||||||||||||||
Total agricultural | % | % | |||||||||||||||||||||
Residential real estate | |||||||||||||||||||||||
Senior lien | % | % | |||||||||||||||||||||
Junior lien | % | % | |||||||||||||||||||||
Home equity lines of credit | % | % | |||||||||||||||||||||
Total residential real estate | % | % | |||||||||||||||||||||
Consumer | |||||||||||||||||||||||
Secured - direct | % | % | |||||||||||||||||||||
Secured - indirect | % | % | |||||||||||||||||||||
Unsecured | % | % | |||||||||||||||||||||
Total consumer | % | % | |||||||||||||||||||||
Total | $ | % | $ | % |
September 30, 2023 | December 31, 2022 | ||||||||||||||||||||||
Total Nonaccrual Loans | Nonaccrual Loans with No ACL | Total Nonaccrual Loans | Nonaccrual Loans with No ACL | ||||||||||||||||||||
Commercial and industrial: | |||||||||||||||||||||||
Secured | $ | $ | $ | $ | |||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||
Commercial mortgage 1-4 family investor | |||||||||||||||||||||||
Agricultural: | |||||||||||||||||||||||
Agricultural mortgage | |||||||||||||||||||||||
Agricultural other | |||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||
Senior lien | |||||||||||||||||||||||
Total | $ | $ | $ | $ |
September 30, 2023 | |||||||||||||||||||||||||||||||||||
Past Due: | Accruing Loans 90 or More Days Past Due | ||||||||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | 90 Days or More | Current | Total | |||||||||||||||||||||||||||||||
Commercial and industrial | |||||||||||||||||||||||||||||||||||
Secured | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
Unsecured | |||||||||||||||||||||||||||||||||||
Total commercial and industrial | |||||||||||||||||||||||||||||||||||
Commercial real estate | |||||||||||||||||||||||||||||||||||
Commercial mortgage owner occupied | |||||||||||||||||||||||||||||||||||
Commercial mortgage non-owner occupied | |||||||||||||||||||||||||||||||||||
Commercial mortgage 1-4 family investor | |||||||||||||||||||||||||||||||||||
Commercial mortgage multifamily | |||||||||||||||||||||||||||||||||||
Total commercial real estate | |||||||||||||||||||||||||||||||||||
Advances to mortgage brokers | |||||||||||||||||||||||||||||||||||
Agricultural | |||||||||||||||||||||||||||||||||||
Agricultural mortgage | |||||||||||||||||||||||||||||||||||
Agricultural | |||||||||||||||||||||||||||||||||||
Total agricultural | |||||||||||||||||||||||||||||||||||
Residential real estate | |||||||||||||||||||||||||||||||||||
Senior lien | |||||||||||||||||||||||||||||||||||
Junior lien | |||||||||||||||||||||||||||||||||||
Home equity lines of credit | |||||||||||||||||||||||||||||||||||
Total residential real estate | |||||||||||||||||||||||||||||||||||
Consumer | |||||||||||||||||||||||||||||||||||
Secured - direct | |||||||||||||||||||||||||||||||||||
Secured - indirect | |||||||||||||||||||||||||||||||||||
Unsecured | |||||||||||||||||||||||||||||||||||
Total consumer | |||||||||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ |
December 31, 2022 | |||||||||||||||||||||||||||||||||||
Past Due: | Accruing Loans 90 or More Days Past Due | ||||||||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | 90 Days or More | Current | Total | |||||||||||||||||||||||||||||||
Commercial and industrial | |||||||||||||||||||||||||||||||||||
Secured | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
Unsecured | |||||||||||||||||||||||||||||||||||
Total commercial and industrial | |||||||||||||||||||||||||||||||||||
Commercial real estate | |||||||||||||||||||||||||||||||||||
Commercial mortgage owner occupied | |||||||||||||||||||||||||||||||||||
Commercial mortgage non-owner occupied | |||||||||||||||||||||||||||||||||||
Commercial mortgage 1-4 family investor | |||||||||||||||||||||||||||||||||||
Commercial mortgage multifamily | |||||||||||||||||||||||||||||||||||
Total commercial real estate | |||||||||||||||||||||||||||||||||||
Advances to mortgage brokers | |||||||||||||||||||||||||||||||||||
Agricultural | |||||||||||||||||||||||||||||||||||
Agricultural mortgage | |||||||||||||||||||||||||||||||||||
Agricultural | |||||||||||||||||||||||||||||||||||
Total agricultural | |||||||||||||||||||||||||||||||||||
Residential real estate | |||||||||||||||||||||||||||||||||||
Senior lien | |||||||||||||||||||||||||||||||||||
Junior lien | |||||||||||||||||||||||||||||||||||
Home equity lines of credit | |||||||||||||||||||||||||||||||||||
Total residential real estate | |||||||||||||||||||||||||||||||||||
Consumer | |||||||||||||||||||||||||||||||||||
Secured - direct | |||||||||||||||||||||||||||||||||||
Secured - indirect | |||||||||||||||||||||||||||||||||||
Unsecured | |||||||||||||||||||||||||||||||||||
Total consumer | |||||||||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ |
September 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total | |||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial: Secured | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk ratings 1-3 | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Risk rating 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Current year-to-date gross charge-offs | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial: Unsecured | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk ratings 1-3 | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Risk rating 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Current year-to-date gross charge-offs | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Commercial real estate: Owner occupied | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk ratings 1-3 | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Risk rating 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Current year-to-date gross charge-offs | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Commercial real estate: Non-owner occupied | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk ratings 1-3 | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Risk rating 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Current year-to-date gross charge-offs | $ | $ | $ | $ | $ | $ | $ | $ | $ |
September 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total | |||||||||||||||||||||||||||||||||||||||||||||
Commercial real estate: 1-4 family investor | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk ratings 1-3 | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Risk rating 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Current year-to-date gross charge-offs | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Commercial real estate: Multifamily | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk ratings 1-3 | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Risk rating 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Current year-to-date gross charge-offs | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Advances to mortgage brokers | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk ratings 1-3 | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Current year-to-date gross charge-offs | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Agricultural mortgage | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk ratings 1-3 | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Risk rating 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Current year-to-date gross charge-offs | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Agricultural other | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk ratings 1-3 | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Risk rating 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating 9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Current year-to-date gross charge-offs | $ | $ | $ | $ | $ | $ | $ | $ | $ |
December 31, 2022 | |||||||||||||||||||||||||||||||||||||||||
Commercial | Agricultural | ||||||||||||||||||||||||||||||||||||||||
Real Estate | Other | Total | Real Estate | Other | Total | Total | |||||||||||||||||||||||||||||||||||
Rating | |||||||||||||||||||||||||||||||||||||||||
1 - Excellent | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||
2 - High quality | |||||||||||||||||||||||||||||||||||||||||
3 - High satisfactory | |||||||||||||||||||||||||||||||||||||||||
4 - Low satisfactory | |||||||||||||||||||||||||||||||||||||||||
5 - Special mention | |||||||||||||||||||||||||||||||||||||||||
6 - Substandard | |||||||||||||||||||||||||||||||||||||||||
7 - Vulnerable | |||||||||||||||||||||||||||||||||||||||||
8 - Doubtful | |||||||||||||||||||||||||||||||||||||||||
9 - Loss | |||||||||||||||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ |
September 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total | |||||||||||||||||||||||||||||||||||||||||||||
Residential real estate: Senior lien | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Current | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Past due 30-89 days | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Past due 90 or more days | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccrual | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Current year-to-date gross charge-offs | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Residential real estate: Junior lien | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Current | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Past due 30-89 days | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Past due 90 or more days | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccrual | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Current year-to-date gross charge-offs | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Residential real estate: Home equity lines of credit | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Current | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Past due 30-89 days | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Past due 90 or more days | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccrual | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Current year-to-date gross charge-offs | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Consumer : Secured - direct | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Current | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Past due 30-89 days | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Past due 90 or more days | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccrual | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Current year-to-date gross charge-offs | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Consumer : Secured - indirect | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Current | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Past due 30-89 days | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Past due 90 or more days | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccrual | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Current year-to-date gross charge-offs | $ | $ | $ | $ | $ | $ | $ | $ | $ |
September 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total | |||||||||||||||||||||||||||||||||||||||||||||
Consumer: Unsecured | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Current | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Past due 30-89 days | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Past due 90 or more days | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccrual | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Current year-to-date gross charge-offs | $ | $ | $ | $ | $ | $ | $ | $ | $ |
Term Extension | Interest Rate Reduction and Term Extension | ||||||||||||||||||||||
Amortized Cost Basis | % of Total Class of Financial Receivable | Amortized Cost Basis | % of Total Class of Financial Receivable | ||||||||||||||||||||
Commercial real estate | |||||||||||||||||||||||
Commercial mortgage non-owner occupied | $ | % | $ | % | |||||||||||||||||||
Agricultural | |||||||||||||||||||||||
Agricultural mortgage | % | % | |||||||||||||||||||||
Agricultural | % | % | |||||||||||||||||||||
Residential real estate | |||||||||||||||||||||||
Senior lien | % | % | |||||||||||||||||||||
Total | $ | $ |
Weighted-Average Interest Rate Reduction | Weighted-Average Term Extension (Years) | ||||||||||
Commercial real estate | |||||||||||
Commercial mortgage non-owner occupied | N/A | ||||||||||
Agricultural | |||||||||||
Agricultural mortgage | |||||||||||
Agricultural | N/A | ||||||||||
Residential real estate | |||||||||||
Senior lien | N/A |
Allowance for Credit Losses | |||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2023 | |||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Agricultural | Residential Real Estate | Consumer | Unallocated | Total | |||||||||||||||||||||||||||||||||||
July 1, 2023 | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||
Charge-offs | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
Recoveries | |||||||||||||||||||||||||||||||||||||||||
Credit loss expense | ( | ( | ( | ( | |||||||||||||||||||||||||||||||||||||
September 30, 2023 | $ | $ | $ | $ | $ | $ | $ |
Allowance for Credit Losses | |||||||||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2023 | |||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Agricultural | Residential Real Estate | Consumer | Unallocated | Total | |||||||||||||||||||||||||||||||||||
January 1, 2023 | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||
Impact of the adoption of ASC 326 | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
Charge-offs | ( | ( | ( | ( | ( | ||||||||||||||||||||||||||||||||||||
Recoveries | |||||||||||||||||||||||||||||||||||||||||
Credit loss expense | ( | ( | ( | ( | ( | ||||||||||||||||||||||||||||||||||||
September 30, 2023 | $ | $ | $ | $ | $ | $ | $ |
Allowance for Loan Losses | |||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2022 | |||||||||||||||||||||||||||||||||||
Commercial | Agricultural | Residential Real Estate | Consumer | Unallocated | Total | ||||||||||||||||||||||||||||||
July 1, 2022 | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
Charge-offs | ( | ( | |||||||||||||||||||||||||||||||||
Recoveries | |||||||||||||||||||||||||||||||||||
Credit loss expense | ( | ( | ( | ||||||||||||||||||||||||||||||||
September 30, 2022 | $ | $ | $ | $ | $ | $ |
Allowance for Loan Losses | |||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2022 | |||||||||||||||||||||||||||||||||||
Commercial | Agricultural | Residential Real Estate | Consumer | Unallocated | Total | ||||||||||||||||||||||||||||||
January 1, 2022 | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
Charge-offs | ( | ( | ( | ||||||||||||||||||||||||||||||||
Recoveries | |||||||||||||||||||||||||||||||||||
Credit loss expense | ( | ( | |||||||||||||||||||||||||||||||||
September 30, 2022 | $ | $ | $ | $ | $ | $ |
Allowance for Loan Losses and Recorded Investment in Loans | |||||||||||||||||||||||||||||||||||
As of December 31, 2022 | |||||||||||||||||||||||||||||||||||
Commercial | Agricultural | Residential Real Estate | Consumer | Unallocated | Total | ||||||||||||||||||||||||||||||
Allowance | |||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
Collectively evaluated for impairment | |||||||||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
Loans | |||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||
Collectively evaluated for impairment | |||||||||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ |
September 30, 2023 | December 31, 2022 | ||||||||||||||||||||||
Loan Balance | Specific Allocation | Loan Balance | Specific Allocation | ||||||||||||||||||||
Commercial and industrial | $ | $ | $ | $ | |||||||||||||||||||
Commercial real estate | |||||||||||||||||||||||
Agricultural | |||||||||||||||||||||||
Residential real estate | |||||||||||||||||||||||
Consumer | |||||||||||||||||||||||
Total | $ | $ | $ | $ |
Three Months Ended September 30 | |||||||||||||||||||||||||||||||||||
2023 | 2022 | ||||||||||||||||||||||||||||||||||
Maximum Month End Balance | Average Balance | Weighted Average Interest Rate During the Period | Maximum Month End Balance | Average Balance | Weighted Average Interest Rate During the Period | ||||||||||||||||||||||||||||||
Securities sold under agreements to repurchase without stated maturity dates | $ | $ | % | $ | $ | % | |||||||||||||||||||||||||||||
Federal funds purchased | $ | $ | % | $ | $ | % | |||||||||||||||||||||||||||||
FRB Discount Window | $ | $ | % | $ | $ | % |
Nine Months Ended September 30 | |||||||||||||||||||||||||||||||||||
2023 | 2022 | ||||||||||||||||||||||||||||||||||
Maximum Month End Balance | Average Balance | Weighted Average Interest Rate During the Period | Maximum Month End Balance | Average Balance | Weighted Average Interest Rate During the Period | ||||||||||||||||||||||||||||||
Securities sold under agreements to repurchase without stated maturity dates | $ | $ | % | $ | $ | % | |||||||||||||||||||||||||||||
Federal funds purchased | $ | $ | % | $ | $ | % | |||||||||||||||||||||||||||||
FRB Discount Window | $ | $ | % | $ | $ | % |
September 30, 2023 | December 31, 2022 | ||||||||||||||||||||||
Amount | Rate | Amount | Rate | ||||||||||||||||||||
Securities sold under agreements to repurchase without stated maturity dates | $ | % | $ | % |
September 30 2023 | December 31 2022 | ||||||||||
Pledged to secure borrowed funds | $ | $ | |||||||||
Pledged to secure repurchase agreements | |||||||||||
Pledged for public deposits and for other purposes necessary or required by law | |||||||||||
Total | $ | $ |
September 30 2023 | December 31 2022 | ||||||||||
U.S. Treasury | $ | $ | |||||||||
States and political subdivisions | |||||||||||
Mortgage-backed securities | |||||||||||
Collateralized mortgage obligations | |||||||||||
Total | $ | $ |
September 30, 2023 | December 31, 2022 | ||||||||||||||||||||||
Amount | Rate | Amount | Rate | ||||||||||||||||||||
Fixed rate due 2023 | $ | % | $ | % |
September 30, 2023 | December 31, 2022 | ||||||||||||||||||||||
Amount | Rate | Amount | Rate | ||||||||||||||||||||
Fixed rate at 3.25% to floating, due 2031 | $ | % | $ | % | |||||||||||||||||||
Unamortized issuance costs | ( | ( | |||||||||||||||||||||
Total subordinated debt, net | $ | $ |
Three Months Ended September 30 | Nine Months Ended September 30 | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
Average number of common shares outstanding for basic calculation | |||||||||||||||||||||||
Average potential effect of common shares in the Directors Plan (1) | |||||||||||||||||||||||
Average potential effect of common shares in the RSP | |||||||||||||||||||||||
Average number of common shares outstanding used to calculate diluted earnings per common share | |||||||||||||||||||||||
Net income | $ | $ | $ | $ | |||||||||||||||||||
Earnings per common share | |||||||||||||||||||||||
Basic | $ | $ | $ | $ | |||||||||||||||||||
Diluted | $ | $ | $ | $ |
Three Months Ended September 30 | |||||||||||||||||||||||
2023 | 2022 | ||||||||||||||||||||||
Number of Shares | Fair Value | Number of Shares | Fair Value | ||||||||||||||||||||
Balance, July 1 | $ | $ | |||||||||||||||||||||
Granted | ( | ( | ( | ( | |||||||||||||||||||
Vested | |||||||||||||||||||||||
Forfeited | |||||||||||||||||||||||
Balance, September 30 | $ | $ |
Nine Months Ended September 30 | |||||||||||||||||||||||
2023 | 2022 | ||||||||||||||||||||||
Number of Shares | Fair Value | Number of Shares | Fair Value | ||||||||||||||||||||
Balance, January 1 | $ | $ | |||||||||||||||||||||
Granted | |||||||||||||||||||||||
Vested | |||||||||||||||||||||||
Forfeited | |||||||||||||||||||||||
Balance, September 30 | $ | $ |
Three Months Ended September 30 | Nine Months Ended September 30 | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
Audit, consulting, and legal fees | $ | $ | $ | $ | |||||||||||||||||||
ATM and debit card fees | |||||||||||||||||||||||
Marketing costs | |||||||||||||||||||||||
Other losses | |||||||||||||||||||||||
Memberships and subscriptions | |||||||||||||||||||||||
Donations and community relations | |||||||||||||||||||||||
FDIC insurance premiums | |||||||||||||||||||||||
Loan underwriting fees | |||||||||||||||||||||||
Director fees | |||||||||||||||||||||||
All other | |||||||||||||||||||||||
Total other noninterest expenses | $ | $ | $ | $ |
Three Months Ended September 30 | Nine Months Ended September 30 | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
Income taxes at statutory rate | $ | $ | $ | $ | |||||||||||||||||||
Effect of nontaxable income | |||||||||||||||||||||||
Interest income on tax exempt municipal securities | ( | ( | ( | ( | |||||||||||||||||||
Earnings on corporate owned life insurance policies | ( | ( | ( | ( | |||||||||||||||||||
Other | ( | ( | ( | ( | |||||||||||||||||||
Total effect of nontaxable income | ( | ( | ( | ( | |||||||||||||||||||
Effect of nondeductible expenses | |||||||||||||||||||||||
Effect of tax credits | ( | ( | ( | ( | |||||||||||||||||||
Unrecognized deferred tax benefit | |||||||||||||||||||||||
Federal income tax expense | $ | $ | $ | $ |
Three Months Ended September 30 | |||||||||||||||||||||||||||||||||||
2023 | 2022 | ||||||||||||||||||||||||||||||||||
Unrealized Gains (Losses) on AFS Securities | Defined Benefit Pension Plan | Total | Unrealized Gains (Losses) on AFS Securities | Defined Benefit Pension Plan | Total | ||||||||||||||||||||||||||||||
Balance, July 1 | $ | ( | $ | ( | $ | ( | $ | ( | $ | ( | $ | ( | |||||||||||||||||||||||
OCI before reclassifications | ( | ( | ( | ( | |||||||||||||||||||||||||||||||
Amounts reclassified from AOCI | |||||||||||||||||||||||||||||||||||
Subtotal | ( | ( | ( | ( | |||||||||||||||||||||||||||||||
Tax effect | |||||||||||||||||||||||||||||||||||
OCI, net of tax | ( | ( | ( | ( | |||||||||||||||||||||||||||||||
Balance, September 30 | $ | ( | $ | ( | $ | ( | $ | ( | $ | ( | $ | ( |
Nine Months Ended September 30 | |||||||||||||||||||||||||||||||||||
2023 | 2022 | ||||||||||||||||||||||||||||||||||
Unrealized Gains (Losses) on AFS Securities | Defined Benefit Pension Plan | Total | Unrealized Gains (Losses) on AFS Securities | Defined Benefit Pension Plan | Total | ||||||||||||||||||||||||||||||
Balance, January 1 | $ | ( | $ | ( | $ | ( | $ | $ | ( | $ | |||||||||||||||||||||||||
OCI before reclassifications | ( | ( | ( | ( | |||||||||||||||||||||||||||||||
Amounts reclassified from AOCI | ( | ( | |||||||||||||||||||||||||||||||||
Subtotal | ( | ( | ( | ( | |||||||||||||||||||||||||||||||
Tax effect | |||||||||||||||||||||||||||||||||||
OCI, net of tax | ( | ( | ( | ( | |||||||||||||||||||||||||||||||
Balance, September 30 | $ | ( | $ | ( | $ | ( | $ | ( | $ | ( | $ | ( |
Three Months Ended September 30 | |||||||||||||||||||||||||||||||||||
2023 | 2022 | ||||||||||||||||||||||||||||||||||
Auction Rate Money Market Preferred Stocks | All Other AFS Securities | Total | Auction Rate Money Market Preferred Stocks | All Other AFS Securities | Total | ||||||||||||||||||||||||||||||
Unrealized gains (losses) arising during the period | $ | ( | $ | ( | $ | ( | $ | ( | $ | ( | $ | ( | |||||||||||||||||||||||
Reclassification adjustment for net (gains) losses included in net income | |||||||||||||||||||||||||||||||||||
Net unrealized gains (losses) | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||||||||||
Tax effect | |||||||||||||||||||||||||||||||||||
Unrealized gains (losses), net of tax | $ | ( | $ | ( | $ | ( | $ | ( | $ | ( | $ | ( |
Nine Months Ended September 30 | |||||||||||||||||||||||||||||||||||
2023 | 2022 | ||||||||||||||||||||||||||||||||||
Auction Rate Money Market Preferred Stocks | All Other AFS Securities | Total | Auction Rate Money Market Preferred Stocks | All Other AFS Securities | Total | ||||||||||||||||||||||||||||||
Unrealized gains (losses) arising during the period | $ | $ | ( | $ | ( | $ | ( | $ | ( | $ | ( | ||||||||||||||||||||||||
Reclassification adjustment for net (gains) losses included in net income | ( | ( | |||||||||||||||||||||||||||||||||
Net unrealized gains (losses) | ( | ( | ( | ( | ( | ||||||||||||||||||||||||||||||
Tax effect | |||||||||||||||||||||||||||||||||||
Unrealized gains (losses), net of tax | $ | $ | ( | $ | ( | $ | ( | $ | ( | $ | ( |
Level 1: | Valuation is based upon quoted prices for identical instruments traded in active markets. | ||||
Level 2: | Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market. | ||||
Level 3: | Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. |
September 30, 2023 | ||||||||||||||||||||
Valuation Technique | Fair Value | Unobservable Input | Actual Range | Weighted Average | ||||||||||||||||
Collateral Dependent Loans - | Discount applied to collateral: | |||||||||||||||||||
Discounted value | $ | Real Estate | ||||||||||||||||||
Equipment |
December 31, 2022 | ||||||||||||||||||||
Valuation Technique | Fair Value | Unobservable Input | Actual Range | Weighted Average | ||||||||||||||||
Discount applied to collateral: | ||||||||||||||||||||
Real Estate | ||||||||||||||||||||
Impaired Loans - | Equipment | |||||||||||||||||||
Discounted value | $ | Cash crop inventory | ||||||||||||||||||
Livestock | ||||||||||||||||||||
Accounts receivable | ||||||||||||||||||||
Furniture, fixtures & equipment |
September 30, 2023 | |||||||||||||||||||||||||||||
Carrying Value | Estimated Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||||||
Cash and cash equivalents | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
Mortgage loans AFS | |||||||||||||||||||||||||||||
Gross loans | |||||||||||||||||||||||||||||
Less allowance for credit losses | |||||||||||||||||||||||||||||
Net loans | |||||||||||||||||||||||||||||
Accrued interest receivable | |||||||||||||||||||||||||||||
Equity securities without readily determinable fair values (1) | N/A | ||||||||||||||||||||||||||||
OMSR | |||||||||||||||||||||||||||||
LIABILITIES | |||||||||||||||||||||||||||||
Deposits without stated maturities | |||||||||||||||||||||||||||||
Deposits with stated maturities | |||||||||||||||||||||||||||||
Federal funds purchased and repurchase agreements | |||||||||||||||||||||||||||||
FHLB advances | |||||||||||||||||||||||||||||
Subordinated debt, net of unamortized issuance costs | |||||||||||||||||||||||||||||
Accrued interest payable |
December 31, 2022 | |||||||||||||||||||||||||||||
Carrying Value | Estimated Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||||||
Cash and cash equivalents | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
Mortgage loans AFS | |||||||||||||||||||||||||||||
Gross loans | |||||||||||||||||||||||||||||
Less allowance for credit losses | |||||||||||||||||||||||||||||
Net loans | |||||||||||||||||||||||||||||
Accrued interest receivable | |||||||||||||||||||||||||||||
Equity securities without readily determinable fair values (1) | N/A | ||||||||||||||||||||||||||||
OMSR | |||||||||||||||||||||||||||||
LIABILITIES | |||||||||||||||||||||||||||||
Deposits without stated maturities | |||||||||||||||||||||||||||||
Deposits with stated maturities | |||||||||||||||||||||||||||||
Federal funds purchased and repurchase agreements | |||||||||||||||||||||||||||||
Subordinated debt, net of unamortized issuance costs | |||||||||||||||||||||||||||||
Accrued interest payable |
September 30, 2023 | December 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||||||||||||||||||||
Recurring items | |||||||||||||||||||||||||||||||||||||||||||||||
AFS securities | |||||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | $ | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||
States and political subdivisions | |||||||||||||||||||||||||||||||||||||||||||||||
Auction rate money market preferred | |||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities | |||||||||||||||||||||||||||||||||||||||||||||||
Collateralized mortgage obligations | |||||||||||||||||||||||||||||||||||||||||||||||
Corporate | |||||||||||||||||||||||||||||||||||||||||||||||
Total AFS securities | |||||||||||||||||||||||||||||||||||||||||||||||
Nonrecurring items | |||||||||||||||||||||||||||||||||||||||||||||||
Collateral dependent (net of ACL) in 2023 Impaired loans (net of the ALLL) in 2022 | |||||||||||||||||||||||||||||||||||||||||||||||
Foreclosed assets | |||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||
Percent of assets and liabilities measured at fair value | % | % | % | % | % | % |
September 30 2023 | December 31 2022 | ||||||||||
ASSETS | |||||||||||
Cash on deposit at the Bank | $ | $ | |||||||||
Investments in subsidiaries | |||||||||||
Premises and equipment | |||||||||||
Other assets | |||||||||||
TOTAL ASSETS | $ | $ | |||||||||
LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||||||||
Subordinated debt, net of unamortized issuance costs | $ | $ | |||||||||
Other liabilities | |||||||||||
Shareholders' equity | |||||||||||
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | $ |
Three Months Ended September 30 | Nine Months Ended September 30 | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
Income | |||||||||||||||||||||||
Dividends from subsidiaries | $ | $ | $ | $ | |||||||||||||||||||
Interest income | |||||||||||||||||||||||
Other income | |||||||||||||||||||||||
Total income | |||||||||||||||||||||||
Expenses | |||||||||||||||||||||||
Interest expense | |||||||||||||||||||||||
Management fee | |||||||||||||||||||||||
Audit, consulting, and legal fees | |||||||||||||||||||||||
Director fees | |||||||||||||||||||||||
Other | |||||||||||||||||||||||
Total expenses | |||||||||||||||||||||||
Income before income tax benefit and equity in undistributed earnings of subsidiaries | |||||||||||||||||||||||
Federal income tax benefit | |||||||||||||||||||||||
Income before equity in undistributed earnings of subsidiaries | |||||||||||||||||||||||
Undistributed earnings of subsidiaries | ( | ( | |||||||||||||||||||||
Net income | $ | $ | $ | $ |
Nine Months Ended September 30 | |||||||||||
2023 | 2022 | ||||||||||
Operating activities | |||||||||||
Net income | $ | $ | |||||||||
Adjustments to reconcile net income to cash provided by operations | |||||||||||
Undistributed earnings of subsidiaries | ( | ||||||||||
Share-based payment awards under the Directors Plan | |||||||||||
Share-based payment awards under the RSP | |||||||||||
Amortization of subordinated debt issuance costs | |||||||||||
Depreciation | |||||||||||
Changes in operating assets and liabilities which provided (used) cash | |||||||||||
Other assets | |||||||||||
Other liabilities | |||||||||||
Net cash provided by (used in) operating activities | |||||||||||
Investing activities | |||||||||||
Net sales (purchases) of premises and equipment | ( | ||||||||||
Net cash provided by (used in) investing activities | ( | ||||||||||
Financing activities | |||||||||||
Cash dividends paid on common stock | ( | ( | |||||||||
Proceeds from the issuance of common stock | |||||||||||
Common stock repurchased | ( | ( | |||||||||
Common stock purchased for deferred compensation obligations | ( | ( | |||||||||
Net cash provided by (used in) financing activities | ( | ( | |||||||||
Increase (decrease) in cash and cash equivalents | ( | ||||||||||
Cash and cash equivalents at beginning of period | |||||||||||
Cash and cash equivalents at end of period | $ | $ |
September 30 2023 | June 30 2023 | March 31 2023 | December 31 2022 | September 30 2022 | |||||||||||||||||||||||||
INCOME STATEMENT DATA | |||||||||||||||||||||||||||||
Interest income | $ | 20,485 | $ | 19,495 | $ | 18,595 | $ | 17,915 | $ | 17,019 | |||||||||||||||||||
Interest expense | 6,183 | 4,816 | 3,244 | 1,643 | 1,216 | ||||||||||||||||||||||||
Net interest income | 14,302 | 14,679 | 15,351 | 16,272 | 15,803 | ||||||||||||||||||||||||
Provision for credit losses | (292) | 196 | 41 | (57) | 18 | ||||||||||||||||||||||||
Noninterest income | 3,414 | 3,604 | 3,293 | 3,272 | 3,252 | ||||||||||||||||||||||||
Noninterest expenses | 12,658 | 12,539 | 12,198 | 11,922 | 11,917 | ||||||||||||||||||||||||
Federal income tax expense | 937 | 918 | 1,084 | 1,357 | 1,233 | ||||||||||||||||||||||||
Net income | $ | 4,413 | $ | 4,630 | $ | 5,321 | $ | 6,322 | $ | 5,887 | |||||||||||||||||||
PER SHARE | |||||||||||||||||||||||||||||
Basic earnings | $ | 0.59 | $ | 0.62 | $ | 0.70 | $ | 0.84 | $ | 0.78 | |||||||||||||||||||
Diluted earnings | $ | 0.58 | $ | 0.61 | $ | 0.70 | $ | 0.83 | $ | 0.77 | |||||||||||||||||||
Dividends | $ | 0.28 | $ | 0.28 | $ | 0.28 | $ | 0.28 | $ | 0.27 | |||||||||||||||||||
Tangible book value | $ | 18.27 | $ | 18.69 | $ | 19.24 | $ | 18.25 | $ | 16.96 | |||||||||||||||||||
Quoted market value | |||||||||||||||||||||||||||||
High | $ | 23.00 | $ | 26.00 | $ | 25.10 | $ | 24.02 | $ | 24.95 | |||||||||||||||||||
Low | $ | 19.61 | $ | 19.13 | $ | 22.08 | $ | 21.00 | $ | 21.39 | |||||||||||||||||||
Close (1) | $ | 21.05 | $ | 20.50 | $ | 24.80 | $ | 23.50 | $ | 21.40 | |||||||||||||||||||
Common shares outstanding (1) | 7,490,557 | 7,496,826 | 7,540,015 | 7,559,421 | 7,564,348 | ||||||||||||||||||||||||
PERFORMANCE RATIOS | |||||||||||||||||||||||||||||
Return on average total assets | 0.86 | % | 0.91 | % | 1.04 | % | 1.24 | % | 1.13 | % | |||||||||||||||||||
Return on average shareholders' equity | 9.24 | % | 9.47 | % | 11.35 | % | 14.01 | % | 12.13 | % | |||||||||||||||||||
Return on average tangible shareholders' equity | 12.37 | % | 12.58 | % | 15.28 | % | 19.14 | % | 16.15 | % | |||||||||||||||||||
Net interest margin yield (FTE) | 3.02 | % | 3.11 | % | 3.22 | % | 3.43 | % | 3.28 | % | |||||||||||||||||||
BALANCE SHEET DATA (1) | |||||||||||||||||||||||||||||
Gross loans | $ | 1,334,674 | $ | 1,334,402 | $ | 1,270,651 | $ | 1,264,173 | $ | 1,236,151 | |||||||||||||||||||
AFS securities | $ | 516,897 | $ | 530,497 | $ | 568,650 | $ | 580,481 | $ | 581,233 | |||||||||||||||||||
Total assets | $ | 2,118,490 | $ | 2,042,448 | $ | 2,084,624 | $ | 2,030,267 | $ | 2,063,977 | |||||||||||||||||||
Deposits | $ | 1,769,474 | $ | 1,714,948 | $ | 1,813,528 | $ | 1,744,275 | $ | 1,791,033 | |||||||||||||||||||
Borrowed funds | $ | 146,642 | $ | 121,392 | $ | 61,262 | $ | 87,016 | $ | 81,704 | |||||||||||||||||||
Shareholders' equity | $ | 185,123 | $ | 188,431 | $ | 193,333 | $ | 186,210 | $ | 176,612 | |||||||||||||||||||
Gross loans to deposits | 75.43 | % | 77.81 | % | 70.07 | % | 72.48 | % | 69.02 | % | |||||||||||||||||||
ASSETS UNDER MANAGEMENT (1) | |||||||||||||||||||||||||||||
Loans sold with servicing retained | $ | 252,176 | $ | 254,934 | $ | 259,512 | $ | 264,206 | $ | 268,879 | |||||||||||||||||||
Assets managed by Isabella Wealth | $ | 590,666 | $ | 593,530 | $ | 571,453 | $ | 513,918 | $ | 464,136 | |||||||||||||||||||
Total assets under management | $ | 2,961,332 | $ | 2,890,912 | $ | 2,915,589 | $ | 2,808,391 | $ | 2,796,992 | |||||||||||||||||||
ASSET QUALITY (1) | |||||||||||||||||||||||||||||
Nonperforming loans to gross loans | 0.04 | % | 0.04 | % | 0.04 | % | 0.04 | % | 0.05 | % | |||||||||||||||||||
Nonperforming assets to total assets | 0.05 | % | 0.05 | % | 0.05 | % | 0.05 | % | 0.04 | % | |||||||||||||||||||
ACL to gross loans | 0.96 | % | 0.96 | % | 0.99 | % | 0.78 | % | 0.78 | % | |||||||||||||||||||
CAPITAL RATIOS (1) | |||||||||||||||||||||||||||||
Shareholders' equity to assets | 8.74 | % | 9.23 | % | 9.27 | % | 9.17 | % | 8.56 | % | |||||||||||||||||||
Tier 1 leverage | 8.77 | % | 8.70 | % | 8.58 | % | 8.61 | % | 8.44 | % | |||||||||||||||||||
Common equity tier 1 capital | 12.43 | % | 12.39 | % | 12.71 | % | 12.91 | % | 12.92 | % | |||||||||||||||||||
Tier 1 risk-based capital | 12.43 | % | 12.39 | % | 12.71 | % | 12.91 | % | 12.92 | % | |||||||||||||||||||
Total risk-based capital | 15.39 | % | 15.37 | % | 15.77 | % | 15.79 | % | 15.85 | % |
September 30 2023 | September 30 2022 | September 30 2021 | |||||||||||||||
INCOME STATEMENT DATA | |||||||||||||||||
Interest income | $ | 58,575 | $ | 47,883 | $ | 45,072 | |||||||||||
Interest expense | 14,243 | 3,674 | 5,845 | ||||||||||||||
Net interest income | 44,332 | 44,209 | 39,227 | ||||||||||||||
Provision for credit losses | (55) | 540 | (599) | ||||||||||||||
Noninterest income | 10,311 | 10,394 | 10,214 | ||||||||||||||
Noninterest expenses | 37,395 | 34,898 | 32,497 | ||||||||||||||
Federal income tax expense | 2,939 | 3,249 | 2,838 | ||||||||||||||
Net income | $ | 14,364 | $ | 15,916 | $ | 14,705 | |||||||||||
PER SHARE | |||||||||||||||||
Basic earnings | $ | 1.91 | $ | 2.11 | $ | 1.85 | |||||||||||
Diluted earnings | $ | 1.89 | $ | 2.08 | $ | 1.82 | |||||||||||
Dividends | $ | 0.84 | $ | 0.81 | $ | 0.81 | |||||||||||
Tangible book value | $ | 18.27 | $ | 16.96 | $ | 21.87 | |||||||||||
Quoted market value | |||||||||||||||||
High | $ | 26.00 | $ | 26.25 | $ | 26.74 | |||||||||||
Low | $ | 19.13 | $ | 21.39 | $ | 19.45 | |||||||||||
Close (1) | $ | 21.05 | $ | 21.40 | $ | 26.03 | |||||||||||
Common shares outstanding (1) | 7,490,557 | 7,564,348 | 7,926,610 | ||||||||||||||
PERFORMANCE RATIOS | |||||||||||||||||
Return on average total assets | 0.94 | % | 1.03 | % | 0.97 | % | |||||||||||
Return on average shareholders' equity | 10.01 | % | 10.62 | % | 8.82 | % | |||||||||||
Return on average tangible shareholders' equity | 13.39 | % | 14.01 | % | 11.28 | % | |||||||||||
Net interest margin yield (FTE) | 3.12 | % | 3.10 | % | 2.87 | % | |||||||||||
BALANCE SHEET DATA (1) | |||||||||||||||||
Gross loans | $ | 1,334,674 | $ | 1,236,151 | $ | 1,248,558 | |||||||||||
AFS securities | $ | 516,897 | $ | 581,233 | $ | 494,384 | |||||||||||
Total assets | $ | 2,118,490 | $ | 2,063,977 | $ | 2,082,701 | |||||||||||
Deposits | $ | 1,769,474 | $ | 1,791,033 | $ | 1,692,316 | |||||||||||
Borrowed funds | $ | 146,642 | $ | 81,704 | $ | 156,655 | |||||||||||
Shareholders' equity | $ | 185,123 | $ | 176,612 | $ | 221,642 | |||||||||||
Gross loans to deposits | 75.43 | % | 69.02 | % | 73.78 | % | |||||||||||
ASSETS UNDER MANAGEMENT (1) | |||||||||||||||||
Loans sold with servicing retained | $ | 252,176 | $ | 268,879 | $ | 285,392 | |||||||||||
Assets managed by Isabella Wealth | $ | 590,666 | $ | 464,136 | $ | 491,784 | |||||||||||
Total assets under management | $ | 2,961,332 | $ | 2,796,992 | $ | 2,859,877 | |||||||||||
ASSET QUALITY (1) | |||||||||||||||||
Nonperforming loans to gross loans | 0.04 | % | 0.05 | % | 0.25 | % | |||||||||||
Nonperforming assets to total assets | 0.05 | % | 0.04 | % | 0.18 | % | |||||||||||
ACL to gross loans | 0.96 | % | 0.78 | % | 0.73 | % | |||||||||||
CAPITAL RATIOS (1) | |||||||||||||||||
Shareholders' equity to assets | 8.74 | % | 8.56 | % | 10.64 | % | |||||||||||
Tier 1 leverage | 8.77 | % | 8.44 | % | 8.37 | % | |||||||||||
Common equity tier 1 capital | 12.43 | % | 12.92 | % | 13.07 | % | |||||||||||
Tier 1 risk-based capital | 12.43 | % | 12.92 | % | 13.07 | % | |||||||||||
Total risk-based capital | 15.39 | % | 15.85 | % | 16.03 | % |
Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||
September 30, 2023 | June 30, 2023 | September 30, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Average Balance | Tax Equivalent Interest | Average Yield / Rate | Average Balance | Tax Equivalent Interest | Average Yield / Rate | Average Balance | Tax Equivalent Interest | Average Yield / Rate | |||||||||||||||||||||||||||||||||||||||||||||
INTEREST EARNING ASSETS | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans (1) | $ | 1,325,455 | $ | 17,270 | 5.21 | % | $ | 1,300,593 | $ | 15,931 | 4.90 | % | $ | 1,256,723 | $ | 13,563 | 4.32 | % | |||||||||||||||||||||||||||||||||||
Taxable investment securities | 478,846 | 2,298 | 1.92 | % | 485,897 | 2,356 | 1.94 | % | 490,751 | 2,190 | 1.79 | % | |||||||||||||||||||||||||||||||||||||||||
Nontaxable investment securities | 93,192 | 915 | 3.93 | % | 97,755 | 946 | 3.87 | % | 110,058 | 1,002 | 3.64 | % | |||||||||||||||||||||||||||||||||||||||||
Fed funds sold | 13 | — | 5.51 | % | 4 | — | 4.70 | % | 16 | — | 1.98 | % | |||||||||||||||||||||||||||||||||||||||||
Other | 30,400 | 252 | 3.32 | % | 37,664 | 517 | 5.49 | % | 101,687 | 521 | 2.05 | % | |||||||||||||||||||||||||||||||||||||||||
Total earning assets | 1,927,906 | 20,735 | 4.30 | % | 1,921,913 | 19,750 | 4.11 | % | 1,959,235 | 17,276 | 3.53 | % | |||||||||||||||||||||||||||||||||||||||||
NONEARNING ASSETS | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses | (12,937) | (12,759) | (9,691) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Cash and demand deposits due from banks | 25,287 | 24,807 | 24,875 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Premises and equipment | 26,629 | 26,401 | 24,475 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued income and other assets | 74,244 | 80,374 | 78,151 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | 2,041,129 | $ | 2,040,736 | $ | 2,077,045 | |||||||||||||||||||||||||||||||||||||||||||||||
INTEREST BEARING LIABILITIES | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest bearing demand deposits | $ | 342,175 | $ | 242 | 0.28 | % | $ | 348,341 | $ | 194 | 0.22 | % | $ | 381,282 | $ | 64 | 0.07 | % | |||||||||||||||||||||||||||||||||||
Savings deposits | 595,372 | 2,156 | 1.45 | % | 628,673 | 1,849 | 1.18 | % | 642,916 | 270 | 0.17 | % | |||||||||||||||||||||||||||||||||||||||||
Time deposits | 324,399 | 2,617 | 3.23 | % | 303,117 | 2,066 | 2.73 | % | 262,628 | 574 | 0.87 | % | |||||||||||||||||||||||||||||||||||||||||
Federal funds purchased and repurchase agreements | 46,574 | 284 | 2.44 | % | 35,495 | 171 | 1.93 | % | 49,267 | 9 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||
FHLB advances | 44,429 | 617 | 5.55 | % | 20,404 | 270 | 5.29 | % | 6,739 | 33 | 1.96 | % | |||||||||||||||||||||||||||||||||||||||||
Subordinated debt, net of unamortized issuance costs | 29,298 | 267 | 3.65 | % | 29,275 | 266 | 3.63 | % | 29,211 | 266 | 3.64 | % | |||||||||||||||||||||||||||||||||||||||||
Total interest bearing liabilities | 1,382,247 | 6,183 | 1.79 | % | 1,365,305 | 4,816 | 1.41 | % | 1,372,043 | 1,216 | 0.35 | % | |||||||||||||||||||||||||||||||||||||||||
NONINTEREST BEARING LIABILITIES | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Demand deposits | 451,123 | 462,953 | 497,215 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Other | 16,802 | 16,906 | 13,627 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Shareholders’ equity | 190,957 | 195,572 | 194,160 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities and shareholders’ equity | $ | 2,041,129 | $ | 2,040,736 | $ | 2,077,045 | |||||||||||||||||||||||||||||||||||||||||||||||
Net interest income (FTE) | $ | 14,552 | $ | 14,934 | $ | 16,060 | |||||||||||||||||||||||||||||||||||||||||||||||
Net yield on interest earning assets (FTE) | 3.02 | % | 3.11 | % | 3.28 | % |
Nine Months Ended | |||||||||||||||||||||||||||||||||||
September 30, 2023 | September 30, 2022 | ||||||||||||||||||||||||||||||||||
Average Balance | Tax Equivalent Interest | Average Yield / Rate | Average Balance | Tax Equivalent Interest | Average Yield / Rate | ||||||||||||||||||||||||||||||
INTEREST EARNING ASSETS | |||||||||||||||||||||||||||||||||||
Loans (1) | $ | 1,298,316 | $ | 48,090 | 4.94 | % | $ | 1,251,206 | $ | 39,120 | 4.17 | % | |||||||||||||||||||||||
Taxable investment securities | 489,782 | 7,125 | 1.94 | % | 462,675 | 5,795 | 1.67 | % | |||||||||||||||||||||||||||
Nontaxable investment securities | 99,014 | 2,882 | 3.88 | % | 107,041 | 2,934 | 3.65 | % | |||||||||||||||||||||||||||
Fed funds sold | 11 | — | 5.06 | % | 8 | — | 1.69 | % | |||||||||||||||||||||||||||
Other | 42,767 | 1,255 | 3.91 | % | 113,847 | 822 | 0.96 | % | |||||||||||||||||||||||||||
Total earning assets | 1,929,890 | 59,352 | 4.10 | % | 1,934,777 | 48,671 | 3.35 | % | |||||||||||||||||||||||||||
NONEARNING ASSETS | |||||||||||||||||||||||||||||||||||
Allowance for credit losses | (12,786) | (9,372) | |||||||||||||||||||||||||||||||||
Cash and demand deposits due from banks | 25,043 | 24,843 | |||||||||||||||||||||||||||||||||
Premises and equipment | 26,300 | 24,401 | |||||||||||||||||||||||||||||||||
Accrued income and other assets | 75,239 | 87,989 | |||||||||||||||||||||||||||||||||
Total assets | $ | 2,043,686 | $ | 2,062,638 | |||||||||||||||||||||||||||||||
INTEREST BEARING LIABILITIES | |||||||||||||||||||||||||||||||||||
Interest bearing demand deposits | $ | 356,608 | $ | 582 | 0.22 | % | $ | 379,952 | $ | 170 | 0.06 | % | |||||||||||||||||||||||
Savings deposits | 623,157 | 5,471 | 1.17 | % | 628,823 | 600 | 0.13 | % | |||||||||||||||||||||||||||
Time deposits | 298,535 | 5,900 | 2.64 | % | 275,586 | 1,928 | 0.93 | % | |||||||||||||||||||||||||||
Federal funds purchased and repurchase agreements | 40,707 | 604 | 1.98 | % | 48,119 | 26 | 0.07 | % | |||||||||||||||||||||||||||
FHLB advances | 21,685 | 887 | 5.45 | % | 10,513 | 152 | 1.93 | % | |||||||||||||||||||||||||||
Subordinated debt, net of unamortized issuance costs | 29,275 | 799 | 3.64 | % | 29,189 | 798 | 3.65 | % | |||||||||||||||||||||||||||
Total interest bearing liabilities | 1,369,967 | 14,243 | 1.39 | % | 1,372,182 | 3,674 | 0.36 | % | |||||||||||||||||||||||||||
NONINTEREST BEARING LIABILITIES | |||||||||||||||||||||||||||||||||||
Demand deposits | 466,725 | 475,373 | |||||||||||||||||||||||||||||||||
Other | 15,619 | 15,242 | |||||||||||||||||||||||||||||||||
Shareholders’ equity | 191,375 | 199,841 | |||||||||||||||||||||||||||||||||
Total liabilities and shareholders’ equity | $ | 2,043,686 | $ | 2,062,638 | |||||||||||||||||||||||||||||||
Net interest income (FTE) | $ | 45,109 | $ | 44,997 | |||||||||||||||||||||||||||||||
Net yield on interest earning assets (FTE) | 3.12 | % | 3.10 | % |
Three Months Ended September 30, 2023 Compared to June 30, 2023 Increase (Decrease) Due to | Three Months Ended September 30, 2023 Compared to September 30, 2022 Increase (Decrease) Due to | Nine Months Ended September 30, 2023 Compared to September 30, 2022 Increase (Decrease) Due to | |||||||||||||||||||||||||||||||||||||||||||||||||||
Volume | Rate | Net | Volume | Rate | Net | Volume | Rate | Net | |||||||||||||||||||||||||||||||||||||||||||||
Changes in interest income | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans | $ | 309 | $ | 1,030 | $ | 1,339 | $ | 774 | $ | 2,933 | $ | 3,707 | $ | 1,519 | $ | 7,451 | $ | 8,970 | |||||||||||||||||||||||||||||||||||
Taxable investment securities | (34) | (24) | (58) | (54) | 162 | 108 | 354 | 976 | 1,330 | ||||||||||||||||||||||||||||||||||||||||||||
Nontaxable investment securities | (45) | 14 | (31) | (162) | 75 | (87) | (227) | 175 | (52) | ||||||||||||||||||||||||||||||||||||||||||||
Other | (87) | (178) | (265) | (485) | 216 | (269) | (779) | 1,212 | 433 | ||||||||||||||||||||||||||||||||||||||||||||
Total changes in interest income | 143 | 842 | 985 | 73 | 3,386 | 3,459 | 867 | 9,814 | 10,681 | ||||||||||||||||||||||||||||||||||||||||||||
Changes in interest expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest bearing demand deposits | (3) | 51 | 48 | (7) | 185 | 178 | (11) | 423 | 412 | ||||||||||||||||||||||||||||||||||||||||||||
Savings deposits | (102) | 409 | 307 | (21) | 1,907 | 1,886 | (5) | 4,876 | 4,871 | ||||||||||||||||||||||||||||||||||||||||||||
Time deposits | 152 | 399 | 551 | 164 | 1,879 | 2,043 | 173 | 3,799 | 3,972 | ||||||||||||||||||||||||||||||||||||||||||||
Federal funds purchased and repurchase agreements | 61 | 52 | 113 | (1) | 276 | 275 | (5) | 583 | 578 | ||||||||||||||||||||||||||||||||||||||||||||
FHLB advances | 333 | 14 | 347 | 440 | 144 | 584 | 270 | 465 | 735 | ||||||||||||||||||||||||||||||||||||||||||||
Subordinated debt, net of unamortized issuance costs | — | 1 | 1 | 1 | — | 1 | 2 | (1) | 1 | ||||||||||||||||||||||||||||||||||||||||||||
Total changes in interest expense | 441 | 926 | 1,367 | 576 | 4,391 | 4,967 | 424 | 10,145 | 10,569 | ||||||||||||||||||||||||||||||||||||||||||||
Net change in interest margin (FTE) | $ | (298) | $ | (84) | $ | (382) | $ | (503) | $ | (1,005) | $ | (1,508) | $ | 443 | $ | (331) | $ | 112 |
Average Yield / Rate for the Three-Month Periods Ended: | |||||||||||||||||||||||||||||
September 30 2023 | June 30 2023 | March 31 2023 | December 31 2022 | September 30 2022 | |||||||||||||||||||||||||
Total earning assets | 4.30 | % | 4.11 | % | 3.89 | % | 3.77 | % | 3.53 | % | |||||||||||||||||||
Total interest bearing liabilities | 1.79 | % | 1.41 | % | 0.95 | % | 0.49 | % | 0.35 | % | |||||||||||||||||||
Net yield on interest earning assets (FTE) | 3.02 | % | 3.11 | % | 3.22 | % | 3.43 | % | 3.28 | % |
Quarter to Date Net Interest Income (FTE) | |||||||||||||||||||||||||||||
September 30 2023 | June 30 2023 | March 31 2023 | December 31 2022 | September 30 2022 | |||||||||||||||||||||||||
Total interest income (FTE) | $ | 20,735 | $ | 19,750 | $ | 18,867 | $ | 18,183 | $ | 17,276 | |||||||||||||||||||
Total interest expense | 6,183 | 4,816 | 3,244 | 1,643 | 1,216 | ||||||||||||||||||||||||
Net interest income (FTE) | $ | 14,552 | $ | 14,934 | $ | 15,623 | $ | 16,540 | $ | 16,060 |
Total Past Due and Nonaccrual Loans | |||||||||||||||||||||||||||||
September 30 2023 | June 30 2023 | March 31 2023 | December 31 2022 | September 30 2022 | |||||||||||||||||||||||||
Commercial and industrial | $ | 207 | $ | 25 | $ | 291 | $ | 307 | $ | 348 | |||||||||||||||||||
Commercial real estate | — | 2,495 | 2,844 | 7,197 | 2,399 | ||||||||||||||||||||||||
Agricultural | 219 | 218 | 588 | 234 | 574 | ||||||||||||||||||||||||
Residential real estate | 756 | 838 | 2,365 | 3,333 | 507 | ||||||||||||||||||||||||
Consumer | 53 | 103 | 43 | 59 | 180 | ||||||||||||||||||||||||
Total | $ | 1,235 | $ | 3,679 | $ | 6,131 | $ | 11,130 | $ | 4,008 | |||||||||||||||||||
Total past due and nonaccrual loans to gross loans | 0.09 | % | 0.28 | % | 0.48 | % | 0.88 | % | 0.32 | % |
September 30 2023 | June 30 2023 | March 31 2023 | December 31 2022 | September 30 2022 | |||||||||||||||||||||||||
Commercial and industrial | $ | 17 | $ | 17 | $ | 20 | $ | 22 | $ | 100 | |||||||||||||||||||
Commercial real estate | — | — | 57 | 74 | 78 | ||||||||||||||||||||||||
Agricultural | 208 | 218 | 232 | 234 | 266 | ||||||||||||||||||||||||
Residential real estate | 295 | 179 | 179 | 127 | 136 | ||||||||||||||||||||||||
Total | $ | 520 | $ | 414 | $ | 488 | $ | 457 | $ | 580 | |||||||||||||||||||
Nonaccrual loans as a % of loans at end of period | 0.04 | % | 0.03 | % | 0.04 | % | 0.04 | % | 0.05 | % |
September 30 2023 | June 30 2023 | March 31 2023 | December 31 2022 | September 30 2022 | |||||||||||||||||||||||||
Nonaccrual loans | $ | 520 | $ | 414 | $ | 488 | $ | 457 | $ | 580 | |||||||||||||||||||
Accruing loans past due 90 days or more | — | 133 | — | — | 21 | ||||||||||||||||||||||||
Total nonperforming loans | 520 | 547 | 488 | 457 | 601 | ||||||||||||||||||||||||
Foreclosed assets | 509 | 405 | 414 | 439 | 240 | ||||||||||||||||||||||||
Debt securities | 77 | 77 | 77 | 77 | 77 | ||||||||||||||||||||||||
Total nonperforming assets | $ | 1,106 | $ | 1,029 | $ | 979 | $ | 973 | $ | 918 | |||||||||||||||||||
Nonperforming loans as a % of total loans | 0.04 | % | 0.04 | % | 0.04 | % | 0.04 | % | 0.05 | % | |||||||||||||||||||
Nonperforming assets as a % of total assets | 0.05 | % | 0.05 | % | 0.05 | % | 0.05 | % | 0.04 | % |
Three Months Ended September 30 | Nine Months Ended September 30 | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
Allowance at beginning of period | $ | 12,833 | $ | 9,700 | $ | 9,850 | $ | 9,103 | |||||||||||||||
Adoption of ASC 326 | — | — | 2,744 | — | |||||||||||||||||||
Charge-offs | |||||||||||||||||||||||
Commercial and industrial | 29 | — | 29 | 3 | |||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||
Agricultural | — | — | 4 | — | |||||||||||||||||||
Residential real estate | — | — | 2 | — | |||||||||||||||||||
Consumer | 150 | 173 | 337 | 367 | |||||||||||||||||||
Total charge-offs | 179 | 173 | 372 | 370 | |||||||||||||||||||
Recoveries | |||||||||||||||||||||||
Commercial and industrial | 70 | 5 | 74 | 16 | |||||||||||||||||||
Commercial real estate | 3 | 9 | 23 | 38 | |||||||||||||||||||
Agricultural | — | 1 | 6 | 4 | |||||||||||||||||||
Residential real estate | 266 | 53 | 315 | 123 | |||||||||||||||||||
Consumer | 94 | 64 | 220 | 223 | |||||||||||||||||||
Total recoveries | 433 | 132 | 638 | 404 | |||||||||||||||||||
Net loan charge-offs (recoveries) | (254) | 41 | (266) | (34) | |||||||||||||||||||
Provision for credit losses | (320) | 18 | (93) | 540 | |||||||||||||||||||
Allowance at end of period | $ | 12,767 | $ | 9,677 | $ | 12,767 | $ | 9,677 | |||||||||||||||
Net loan charge-offs (recoveries) to average loans outstanding | (0.02) | % | 0.00 | % | (0.02) | % | 0.00 | % |
September 30 2023 | June 30 2023 | March 31 2023 | December 31 2022 | September 30 2022 | |||||||||||||||||||||||||
Total charge-offs | $ | 179 | $ | 92 | $ | 101 | $ | 249 | $ | 173 | |||||||||||||||||||
Total recoveries | 433 | 95 | 110 | 479 | 132 | ||||||||||||||||||||||||
Net loan charge-offs (recoveries) | (254) | (3) | (9) | (230) | 41 | ||||||||||||||||||||||||
Net loan charge-offs (recoveries) to average loans outstanding | (0.02) | % | 0.00 | % | 0.00 | % | (0.02) | % | 0.00 | % | |||||||||||||||||||
Provision for credit losses | $ | (320) | $ | 190 | $ | 37 | $ | (57) | $ | 18 | |||||||||||||||||||
Provision for credit losses to average loans outstanding | (0.02) | % | 0.01 | % | 0.00 | % | 0.00 | % | 0.00 | % | |||||||||||||||||||
ACL | $ | 12,767 | $ | 12,833 | $ | 12,640 | $ | 9,850 | $ | 9,677 | |||||||||||||||||||
ACL as a % of loans at end of period | 0.96 | % | 0.96 | % | 0.99 | % | 0.78 | % | 0.78 | % | |||||||||||||||||||
ACL as a % of nonaccrual loans | 2,455.19 | % | 3,099.76 | % | 2,590.16 | % | 2,155.36 | % | 1,668.45 | % |
September 30 2023 | June 30 2023 | March 31 2023 | December 31 2022 | September 30 2022 | |||||||||||||||||||||||||
ACL | |||||||||||||||||||||||||||||
Individually evaluated | $ | — | $ | — | $ | — | $ | 451 | $ | 474 | |||||||||||||||||||
Collectively evaluated | 12,767 | 12,833 | 12,640 | 9,399 | 9,203 | ||||||||||||||||||||||||
Total | $ | 12,767 | $ | 12,833 | $ | 12,640 | $ | 9,850 | $ | 9,677 | |||||||||||||||||||
ACL to gross loans | |||||||||||||||||||||||||||||
Individually evaluated | 0.00 | % | 0.00 | % | 0.00 | % | 0.04 | % | 0.04 | % | |||||||||||||||||||
Collectively evaluated | 0.96 | % | 0.96 | % | 0.99 | % | 0.74 | % | 0.74 | % | |||||||||||||||||||
Total | 0.96 | % | 0.96 | % | 0.99 | % | 0.78 | % | 0.78 | % |
Three Months Ended September 30 | |||||||||||||||||||||||
Change | |||||||||||||||||||||||
2023 | 2022 | $ | % | ||||||||||||||||||||
Service charges and fees | |||||||||||||||||||||||
ATM and debit card fees | $ | 1,250 | $ | 1,212 | $ | 38 | 3.14 | % | |||||||||||||||
Service charges and fees on deposit accounts | 598 | 673 | (75) | (11.14) | % | ||||||||||||||||||
Freddie Mac servicing fee | 154 | 168 | (14) | (8.33) | % | ||||||||||||||||||
Net OMSR income (loss) | (20) | — | (20) | — | % | ||||||||||||||||||
Other fees for customer services | 78 | 69 | 9 | 13.04 | % | ||||||||||||||||||
Total service charges and fees | 2,060 | 2,122 | (62) | (2.92) | % | ||||||||||||||||||
Wealth management fees | 858 | 679 | 179 | 26.36 | % | ||||||||||||||||||
Earnings on corporate owned life insurance policies | 229 | 223 | 6 | 2.69 | % | ||||||||||||||||||
Net gain on sale of mortgage loans | 109 | 174 | (65) | (37.36) | % | ||||||||||||||||||
All other | 158 | 54 | 104 | 192.59 | % | ||||||||||||||||||
Total noninterest income | $ | 3,414 | $ | 3,252 | $ | 162 | 4.98 | % |
Nine Months Ended September 30 | |||||||||||||||||||||||
Change | |||||||||||||||||||||||
2023 | 2022 | $ | % | ||||||||||||||||||||
Service charges and fees | |||||||||||||||||||||||
ATM and debit card fees | $ | 3,654 | $ | 3,507 | $ | 147 | 4.19 | % | |||||||||||||||
Service charges and fees on deposit accounts | 1,797 | 1,913 | (116) | (6.06) | % | ||||||||||||||||||
Freddie Mac servicing fee | 475 | 506 | (31) | (6.13) | % | ||||||||||||||||||
Net OMSR income (loss) | (97) | 477 | (574) | (120.34) | % | ||||||||||||||||||
Other fees for customer services | 256 | 212 | 44 | 20.75 | % | ||||||||||||||||||
Total service charges and fees | 6,085 | 6,615 | (530) | (8.01) | % | ||||||||||||||||||
Wealth management fees | 2,625 | 2,217 | 408 | 18.40 | % | ||||||||||||||||||
Earnings on corporate owned life insurance policies | 681 | 655 | 26 | 3.97 | % | ||||||||||||||||||
Net gain on sale of mortgage loans | 232 | 568 | (336) | (59.15) | % | ||||||||||||||||||
All other | 688 | 339 | 349 | 102.95 | % | ||||||||||||||||||
Total noninterest income | $ | 10,311 | $ | 10,394 | $ | (83) | (0.80) | % |
Three Months Ended September 30 | |||||||||||||||||||||||
Change | |||||||||||||||||||||||
2023 | 2022 | $ | % | ||||||||||||||||||||
Compensation and benefits | $ | 6,639 | $ | 6,369 | $ | 270 | 4.24 | % | |||||||||||||||
Furniture and equipment | 1,612 | 1,490 | 122 | 8.19 | % | ||||||||||||||||||
Occupancy | 923 | 918 | 5 | 0.54 | % | ||||||||||||||||||
Other | |||||||||||||||||||||||
Audit, consulting, and legal fees | 672 | 595 | 77 | 12.94 | % | ||||||||||||||||||
ATM and debit card fees | 471 | 543 | (72) | (13.26) | % | ||||||||||||||||||
Marketing costs | 398 | 209 | 189 | 90.43 | % | ||||||||||||||||||
Other losses | 198 | 93 | 105 | 112.90 | % | ||||||||||||||||||
Memberships and subscriptions | 259 | 230 | 29 | 12.61 | % | ||||||||||||||||||
Donations and community relations | 252 | 239 | 13 | 5.44 | % | ||||||||||||||||||
FDIC insurance premiums | 228 | 138 | 90 | 65.22 | % | ||||||||||||||||||
Loan underwriting fees | 206 | 243 | (37) | (15.23) | % | ||||||||||||||||||
Director fees | 179 | 210 | (31) | (14.76) | % | ||||||||||||||||||
All other | 621 | 640 | (19) | (2.97) | % | ||||||||||||||||||
Total other noninterest expenses | 3,484 | 3,140 | 344 | 10.96 | % | ||||||||||||||||||
Total noninterest expenses | $ | 12,658 | $ | 11,917 | $ | 741 | 6.22 | % |
Nine Months Ended September 30 | |||||||||||||||||||||||
Change | |||||||||||||||||||||||
2023 | 2022 | $ | % | ||||||||||||||||||||
Compensation and benefits | $ | 19,789 | $ | 18,480 | $ | 1,309 | 7.08 | % | |||||||||||||||
Furniture and equipment | 4,822 | 4,382 | 440 | 10.04 | % | ||||||||||||||||||
Occupancy | 2,921 | 2,813 | 108 | 3.84 | % | ||||||||||||||||||
Other | |||||||||||||||||||||||
Audit, consulting, and legal fees | 1,764 | 1,749 | 15 | 0.86 | % | ||||||||||||||||||
ATM and debit card fees | 1,280 | 1,485 | (205) | (13.80) | % | ||||||||||||||||||
Marketing costs | 883 | 812 | 71 | 8.74 | % | ||||||||||||||||||
Other losses | 770 | 409 | 361 | 88.26 | % | ||||||||||||||||||
Memberships and subscriptions | 729 | 654 | 75 | 11.47 | % | ||||||||||||||||||
Donations and community relations | 692 | 665 | 27 | 4.06 | % | ||||||||||||||||||
FDIC insurance premiums | 689 | 394 | 295 | 74.87 | % | ||||||||||||||||||
Loan underwriting fees | 637 | 640 | (3) | (0.47) | % | ||||||||||||||||||
Director fees | 581 | 598 | (17) | (2.84) | % | ||||||||||||||||||
All other | 1,838 | 1,817 | 21 | 1.16 | % | ||||||||||||||||||
Total other noninterest expenses | 9,863 | 9,223 | 640 | 6.94 | % | ||||||||||||||||||
Total noninterest expenses | $ | 37,395 | $ | 34,898 | $ | 2,497 | 7.16 | % |
September 30 2023 | December 31 2022 | $ Change | % Change (unannualized) | ||||||||||||||||||||
ASSETS | |||||||||||||||||||||||
Cash and cash equivalents | $ | 115,879 | $ | 38,924 | $ | 76,955 | 197.71 | % | |||||||||||||||
AFS securities | |||||||||||||||||||||||
Amortized cost of AFS securities | 567,824 | 625,605 | (57,781) | (9.24) | % | ||||||||||||||||||
Unrealized gains (losses) on AFS securities | (50,927) | (45,124) | (5,803) | 12.86 | % | ||||||||||||||||||
AFS securities | 516,897 | 580,481 | (63,584) | (10.95) | % | ||||||||||||||||||
Mortgage loans AFS | 105 | 379 | (274) | (72.30) | % | ||||||||||||||||||
Loans | |||||||||||||||||||||||
Loans | 1,334,674 | 1,264,173 | 70,501 | 5.58 | % | ||||||||||||||||||
Less allowance for credit losses | 12,767 | 9,850 | 2,917 | 29.61 | % | ||||||||||||||||||
Net loans | 1,321,907 | 1,254,323 | 67,584 | 5.39 | % | ||||||||||||||||||
Premises and equipment | 26,960 | 25,553 | 1,407 | 5.51 | % | ||||||||||||||||||
Corporate owned life insurance policies | 33,654 | 32,988 | 666 | 2.02 | % | ||||||||||||||||||
Equity securities without readily determinable fair values | 15,848 | 15,746 | 102 | 0.65 | % | ||||||||||||||||||
Goodwill and other intangible assets | 48,285 | 48,287 | (2) | — | % | ||||||||||||||||||
Accrued interest receivable and other assets | 38,955 | 33,586 | 5,369 | 15.99 | % | ||||||||||||||||||
TOTAL ASSETS | $ | 2,118,490 | $ | 2,030,267 | $ | 88,223 | 4.35 | % | |||||||||||||||
LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||||||||||||||||||||
Liabilities | |||||||||||||||||||||||
Deposits | $ | 1,769,474 | $ | 1,744,275 | $ | 25,199 | 1.44 | % | |||||||||||||||
Borrowed funds | 146,642 | 87,016 | 59,626 | 68.52 | % | ||||||||||||||||||
Accrued interest payable and other liabilities | 17,251 | 12,766 | 4,485 | 35.13 | % | ||||||||||||||||||
Total liabilities | 1,933,367 | 1,844,057 | 89,310 | 4.84 | % | ||||||||||||||||||
Shareholders’ equity | 185,123 | 186,210 | (1,087) | (0.58) | % | ||||||||||||||||||
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 2,118,490 | $ | 2,030,267 | $ | 88,223 | 4.35 | % |
September 30 2023 | December 31 2022 | $ Change | % Change (unannualized) | ||||||||||||||||||||
Commercial and industrial | $ | 195,814 | $ | 178,428 | $ | 17,386 | 9.74 | % | |||||||||||||||
Commercial real estate | 566,639 | 566,012 | 627 | 0.11 | % | ||||||||||||||||||
Advances to mortgage brokers | 24,807 | — | 24,807 | N/M | |||||||||||||||||||
Agricultural | 99,233 | 104,985 | (5,752) | (5.48) | % | ||||||||||||||||||
Residential real estate | 348,196 | 336,694 | 11,502 | 3.42 | % | ||||||||||||||||||
Consumer | 99,985 | 78,054 | 21,931 | 28.10 | % | ||||||||||||||||||
Total | $ | 1,334,674 | $ | 1,264,173 | $ | 70,501 | 5.58 | % |
September 30 2023 | June 30 2023 | March 31 2023 | December 31 2022 | September 30 2022 | |||||||||||||||||||||||||
Commercial and industrial | $ | 195,814 | $ | 194,914 | $ | 189,185 | $ | 178,428 | $ | 180,124 | |||||||||||||||||||
Commercial real estate | 566,639 | 564,254 | 566,410 | 566,012 | 552,399 | ||||||||||||||||||||||||
Advances to mortgage brokers | 24,807 | 39,099 | — | — | 1,484 | ||||||||||||||||||||||||
Agricultural | 99,233 | 96,689 | 94,760 | 104,985 | 97,527 | ||||||||||||||||||||||||
Residential real estate | 348,196 | 343,474 | 336,186 | 336,694 | 330,232 | ||||||||||||||||||||||||
Consumer | 99,985 | 95,972 | 84,110 | 78,054 | 74,385 | ||||||||||||||||||||||||
Total | $ | 1,334,674 | $ | 1,334,402 | $ | 1,270,651 | $ | 1,264,173 | $ | 1,236,151 |
September 30 2023 | December 31 2022 | $ Change | % Change (unannualized) | ||||||||||||||||||||
Noninterest bearing demand deposits | $ | 445,043 | $ | 494,346 | $ | (49,303) | (9.97) | % | |||||||||||||||
Interest bearing demand deposits | 363,558 | 372,155 | (8,597) | (2.31) | % | ||||||||||||||||||
Savings deposits | 628,795 | 625,734 | 3,061 | 0.49 | % | ||||||||||||||||||
Certificates of deposit | 331,829 | 251,541 | 80,288 | 31.92 | % | ||||||||||||||||||
Internet certificates of deposit | 249 | 499 | (250) | (50.10) | % | ||||||||||||||||||
Total | $ | 1,769,474 | $ | 1,744,275 | $ | 25,199 | 1.44 | % |
September 30 2023 | June 30 2023 | March 31 2023 | December 31 2022 | September 30 2022 | |||||||||||||||||||||||||
Noninterest bearing demand deposits | $ | 445,043 | $ | 458,845 | $ | 478,829 | $ | 494,346 | $ | 510,127 | |||||||||||||||||||
Interest bearing demand deposits | 363,558 | 335,922 | 383,602 | 372,155 | 368,537 | ||||||||||||||||||||||||
Savings deposits | 628,795 | 606,644 | 662,495 | 625,734 | 651,129 | ||||||||||||||||||||||||
Certificates of deposit | 331,829 | 313,288 | 288,103 | 251,541 | 260,741 | ||||||||||||||||||||||||
Internet certificates of deposit | 249 | 249 | 499 | 499 | 499 | ||||||||||||||||||||||||
Total | $ | 1,769,474 | $ | 1,714,948 | $ | 1,813,528 | $ | 1,744,275 | $ | 1,791,033 |
September 30 2023 | June 30 2023 | March 31 2023 | December 31 2022 | September 30 2022 | |||||||||||||||||||||||||
U.S. Treasury | $ | 209,182 | $ | 209,353 | $ | 212,086 | $ | 208,701 | $ | 206,791 | |||||||||||||||||||
States and political subdivisions | 89,773 | 95,242 | 108,719 | 117,512 | 114,000 | ||||||||||||||||||||||||
Auction rate money market preferred | 2,570 | 2,637 | 2,716 | 2,342 | 2,479 | ||||||||||||||||||||||||
Mortgage-backed securities | 32,923 | 35,532 | 37,797 | 39,070 | 41,042 | ||||||||||||||||||||||||
Collateralized mortgage obligations | 175,630 | 180,996 | 200,252 | 205,728 | 209,720 | ||||||||||||||||||||||||
Corporate | 6,819 | 6,737 | 7,080 | 7,128 | 7,201 | ||||||||||||||||||||||||
Total | $ | 516,897 | $ | 530,497 | $ | 568,650 | $ | 580,481 | $ | 581,233 |
September 30 2023 | June 30 2023 | March 31 2023 | December 31 2022 | September 30 2022 | |||||||||||||||||||||||||
Securities sold under agreements to repurchase without stated maturity dates | $ | 52,330 | $ | 37,102 | $ | 31,995 | $ | 57,771 | $ | 52,479 | |||||||||||||||||||
FHLB advances | 65,000 | 55,000 | — | — | — | ||||||||||||||||||||||||
Fixed rate at 3.25% to floating, due 2031 | 29,312 | 29,290 | 29,267 | 29,245 | 29,225 | ||||||||||||||||||||||||
Total | $ | 146,642 | $ | 121,392 | $ | 61,262 | $ | 87,016 | $ | 81,704 |
September 30, 2023 | December 31, 2022 | ||||||||||||||||||||||||||||||||||
Actual | Minimum Required - BASEL III | Required to be Considered Well Capitalized | Actual | Minimum Required - BASEL III | Required to be Considered Well Capitalized | ||||||||||||||||||||||||||||||
Common equity tier 1 capital | 12.43 | % | 7.00 | % | 6.50 | % | 12.91 | % | 7.00 | % | 6.50 | % | |||||||||||||||||||||||
Tier 1 capital | 12.43 | % | 8.50 | % | 8.00 | % | 12.91 | % | 8.50 | % | 8.00 | % | |||||||||||||||||||||||
Total capital | 15.39 | % | 10.50 | % | 10.00 | % | 15.79 | % | 10.50 | % | 10.00 | % | |||||||||||||||||||||||
Tier 1 leverage | 8.77 | % | 4.00 | % | 5.00 | % | 8.61 | % | 4.00 | % | 5.00 | % |
September 30 2023 | |||||
Total cash and cash equivalents | $ | 115,879 | |||
Available lines of credit | |||||
Fed funds lines with correspondent banks | 73,000 | ||||
FHLB borrowings | 182,125 | ||||
FRB Discount Window | 27,785 | ||||
Other lines of credit | 5,000 | ||||
Total available lines of credit | 287,910 | ||||
Unencumbered lendable value of FRB collateral, estimated1 | 320,000 | ||||
Total cash and liquidity | $ | 723,789 |
2023 | 2022 | $ Variance | |||||||||||||||
Net cash provided by (used in) operating activities | $ | 18,458 | $ | 20,429 | $ | (1,971) | |||||||||||
Net cash provided by (used in) investing activities | (17,068) | (83,778) | 66,710 | ||||||||||||||
Net cash provided by (used in) financing activities | 75,565 | 56,931 | 18,634 | ||||||||||||||
Increase (decrease) in cash and cash equivalents | 76,955 | (6,418) | 83,373 | ||||||||||||||
Cash and cash equivalents January 1 | 38,924 | 105,330 | (66,406) | ||||||||||||||
Cash and cash equivalents September 30 | $ | 115,879 | $ | 98,912 | $ | 16,967 |
Common Shares Repurchased | Total Number of Common Shares Purchased as Part of Publicly Announced Plan or Program | Maximum Number of Common Shares That May Yet Be Purchased Under the Plans or Programs | |||||||||||||||||||||
Number | Average Price Per Common Share | ||||||||||||||||||||||
June 30, 2023 | 319,248 | ||||||||||||||||||||||
July 1 - 31 | 10,252 | $ | 21.36 | 10,252 | 308,996 | ||||||||||||||||||
August 1 - 31 | 6,970 | 20.80 | 6,970 | 302,026 | |||||||||||||||||||
September 1 - 30 | 6,521 | 20.55 | 6,521 | 295,505 | |||||||||||||||||||
September 30, 2023 | 23,743 | $ | 20.97 | 23,743 | 295,505 |
Exhibit Number | Exhibits | |||||||
101.1* | 101.INS (Inline XBRL Instance Document) | |||||||
101.SCH (Inline XBRL Taxonomy Extension Schema Document) | ||||||||
101.CAL (Inline XBRL Calculation Linkbase Document) | ||||||||
101.LAB (Inline XBRL Taxonomy Label Linkbase Document) | ||||||||
101.DEF (Inline XBRL Taxonomy Linkbase Document) | ||||||||
101.PRE (Inline XBRL Taxonomy Presentation Linkbase Document) | ||||||||
104 | Cover Page Interactive Data File |
Isabella Bank Corporation | ||||||||||||||
Date: | October 27, 2023 | /s/ Jae A. Evans | ||||||||||||
Jae A. Evans | ||||||||||||||
President and Chief Executive Officer | ||||||||||||||
(Principal Executive Officer) | ||||||||||||||
Date: | October 27, 2023 | /s/ Neil M. McDonnell | ||||||||||||
Neil M. McDonnell | ||||||||||||||
Chief Financial Officer | ||||||||||||||
(Principal Financial Officer) |
Date: | October 27, 2023 | /s/ Jae A. Evans | |||||||||
President and Chief Executive Officer | |||||||||||
(Principal Executive Officer) |
Date: | October 27, 2023 | /s/ Neil M. McDonnell | |||||||||
Chief Financial Officer | |||||||||||
(Principal Financial Officer) |
/s/ Jae A. Evans | |||||
President and Chief Executive Officer | |||||
(Principal Executive Officer) | |||||
October 27, 2023 | |||||
/s/ Neil M. McDonnell | |||||
Chief Financial Officer | |||||
(Principal Financial Officer) | |||||
October 27, 2023 |
Cover Page - shares |
9 Months Ended | |
---|---|---|
Sep. 30, 2023 |
Oct. 25, 2023 |
|
Cover [Abstract] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2023 | |
Document Transition Report | false | |
Entity File Number | 0-18415 | |
Entity Registrant Name | Isabella Bank Corp | |
Entity Incorporation, State or Country Code | MI | |
Entity Tax Identification Number | 38-2830092 | |
Entity Address, Address Line One | 401 N. Main St | |
Entity Address, City or Town | Mt. Pleasant | |
Entity Address, State or Province | MI | |
Entity Address, Postal Zip Code | 48858 | |
City Area Code | 989 | |
Local Phone Number | 772-9471 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 7,493,698 | |
Current Fiscal Year End Date | --12-31 | |
Entity Central Index Key | 0000842517 | |
Document Fiscal Year Focus | 2023 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false |
Interim Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - shares |
Sep. 30, 2023 |
Dec. 31, 2022 |
---|---|---|
Statement of Financial Position [Abstract] | ||
Common stock, shares authorized | 15,000,000 | |
Common stock, shares issued | 7,490,557 | 7,559,421 |
Common stock, shares held in Rabbi Trust | 136,694 | 154,879 |
Interim Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||||
---|---|---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
|||
Statement of Comprehensive Income [Abstract] | ||||||
NET INCOME | $ 4,413 | $ 5,887 | $ 14,364 | $ 15,916 | ||
Unrealized gains (losses) on AFS securities | ||||||
Unrealized gains (losses) on AFS securities arising during the period | 6,708 | 22,815 | 5,736 | 56,413 | ||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | 0 | 0 | (67) | 0 | ||
Tax effect | [1] | 1,394 | 4,788 | 1,266 | 11,687 | |
Unrealized gains (losses) on AFS securities, net of tax | (5,314) | (18,027) | (4,537) | (44,726) | ||
Comprehensive income (loss) | $ (901) | $ (12,140) | $ 9,827 | $ (28,810) | ||
|
Interim Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
|
Statement of Stockholders' Equity [Abstract] | ||||
Cash dividends per share (in dollars per share) | $ 0.28 | $ 0.27 | $ 0.84 | $ 0.81 |
Parent Company Only Financial Information |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Condensed Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Condensed Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interim Condensed Balance Sheets | Interim Condensed Balance Sheets
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Interim Condensed Statements of Income | Interim Condensed Statements of Income
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Interim Condensed Statements of Cash Flows | Interim Condensed Statements of Cash Flows
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Parent Company Only Financial Information (Interim Condensed Balance Sheets) - USD ($) $ in Thousands |
Sep. 30, 2023 |
Dec. 31, 2022 |
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ASSETS | ||
Premises and equipment | $ 26,960 | $ 25,553 |
TOTAL ASSETS | 2,118,490 | 2,030,267 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ||
Subordinated Debt | 29,312 | 29,245 |
Shareholders' equity | 185,123 | 186,210 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 2,118,490 | 2,030,267 |
Parent Company [Member] | ||
ASSETS | ||
Cash on deposit at subsidiary Bank | 19,984 | 8,525 |
Investments in subsidiaries | 145,777 | 158,125 |
Premises and equipment | 1,169 | 1,171 |
Other assets | 47,819 | 47,922 |
TOTAL ASSETS | 214,749 | 215,743 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ||
Subordinated Debt | 29,312 | 29,245 |
Other liabilities | 314 | 288 |
Shareholders' equity | 185,123 | 186,210 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ 214,749 | $ 215,743 |
Parent Company Only Financial Information (Interim Condensed Statements of Income) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
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Expenses | ||||
Interest Expense | $ 6,183 | $ 1,216 | $ 14,243 | $ 3,674 |
Occupancy and equipment | 923 | 918 | 2,921 | 2,813 |
Professional Fees | 672 | 595 | 1,764 | 1,749 |
Noninterest Expense Directors Fees | 179 | 210 | 581 | 598 |
Other | 3,484 | 3,140 | 9,863 | 9,223 |
Federal income tax benefit | (937) | (1,233) | (2,939) | (3,249) |
NET INCOME | 4,413 | 5,887 | 14,364 | 15,916 |
Parent Company [Member] | ||||
Income | ||||
Dividends from subsidiaries | 8,333 | 1,200 | 21,666 | 3,000 |
Interest income | 56 | 3 | 103 | 8 |
Management fee and other | 4 | 3 | 10 | 10 |
Total income | 8,393 | 1,206 | 21,779 | 3,018 |
Expenses | ||||
Interest Expense | 267 | 266 | 799 | 798 |
Management Fee Expense | 238 | 225 | 714 | 675 |
Professional Fees | 138 | 135 | 426 | 411 |
Noninterest Expense Directors Fees | 92 | 108 | 315 | 313 |
Other | 87 | 67 | 267 | 240 |
Total expenses | 822 | 801 | 2,521 | 2,437 |
Income before income tax benefit and equity in undistributed earnings of subsidiaries | 7,571 | 405 | 19,258 | 581 |
Federal income tax benefit | 157 | 167 | 500 | 507 |
Income before equity in undistributed earnings of subsidiaries | 7,728 | 572 | 19,758 | 1,088 |
Income (Loss) from Subsidiaries, Net of Tax | (3,315) | 5,315 | (5,394) | 14,828 |
NET INCOME | $ 4,413 | $ 5,887 | $ 14,364 | $ 15,916 |
Parent Company Only Financial Information (Interim Condensed Statements of Cash Flows) - USD ($) $ in Thousands |
9 Months Ended | |
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Sep. 30, 2023 |
Sep. 30, 2022 |
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Operating activities | ||
NET INCOME | $ 14,364 | $ 15,916 |
Adjustments to reconcile net income to cash provided by operations | ||
Depreciation | 1,482 | 1,591 |
Changes in operating assets and liabilities which used cash | ||
Accrued interest receivable and other assets | 1,459 | (2,592) |
Accrued interest and other liabilities | (218) | 3,216 |
Net cash provided by (used in) operating activities | 18,458 | 20,429 |
Payments to Acquire Property, Plant, and Equipment | (2,889) | (2,279) |
Investing activities | ||
Net cash provided by (used in) investing activities | (17,068) | (83,778) |
Financing activities | ||
Cash dividends paid on common stock | (6,162) | (6,011) |
Proceeds from the issuance of common stock | 1,208 | 1,344 |
Common stock repurchased | (2,906) | (585) |
Common stock purchased for deferred compensation obligations | (1,333) | (828) |
Net cash provided by (used in) financing activities | 75,565 | 56,931 |
Increase (decrease) in cash and cash equivalents | 76,955 | (6,418) |
Cash and cash equivalents at beginning of period | 38,924 | 105,330 |
Cash and cash equivalents at end of period | 115,879 | 98,912 |
Amortization of Debt Issuance Costs | 67 | 67 |
Isabella Bank Corporation Restricted Stock Plan | ||
Adjustments to reconcile net income to cash provided by operations | ||
Share-based payment awards | 219 | 108 |
Isabella Bank Corporation and Related Companies Deferred Compensation Plan for Directors | ||
Adjustments to reconcile net income to cash provided by operations | ||
Share-based payment awards | 477 | 346 |
Parent Company [Member] | ||
Operating activities | ||
NET INCOME | 14,364 | 15,916 |
Adjustments to reconcile net income to cash provided by operations | ||
Undistributed earnings of subsidiaries | 5,394 | (14,828) |
Depreciation | 38 | 38 |
Changes in operating assets and liabilities which used cash | ||
Accrued interest receivable and other assets | 103 | 1,461 |
Accrued interest and other liabilities | 26 | 249 |
Net cash provided by (used in) operating activities | 20,688 | 3,357 |
Payments to Acquire Property, Plant, and Equipment | (36) | 0 |
Investing activities | ||
Net cash provided by (used in) investing activities | (36) | 0 |
Financing activities | ||
Cash dividends paid on common stock | (6,162) | (6,011) |
Proceeds from the issuance of common stock | 1,208 | 1,344 |
Common stock repurchased | (2,906) | (585) |
Common stock purchased for deferred compensation obligations | (1,333) | (828) |
Net cash provided by (used in) financing activities | (9,193) | (6,080) |
Increase (decrease) in cash and cash equivalents | 11,459 | (2,723) |
Cash and cash equivalents at beginning of period | 8,525 | 11,535 |
Cash and cash equivalents at end of period | 19,984 | 8,812 |
Amortization of Debt Issuance Costs | 67 | 67 |
Parent Company [Member] | Isabella Bank Corporation Restricted Stock Plan | ||
Adjustments to reconcile net income to cash provided by operations | ||
Share-based payment awards | 219 | 108 |
Parent Company [Member] | Isabella Bank Corporation and Related Companies Deferred Compensation Plan for Directors | ||
Adjustments to reconcile net income to cash provided by operations | ||
Share-based payment awards | $ 477 | $ 346 |
Basis of Presentation |
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Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basis of Presentation | Significant Accounting Policies Basis of Presentation and Consolidation: The consolidated financial statements include the accounts of Isabella Bank Corporation, a financial services holding company, and its wholly owned subsidiary, Isabella Bank. All intercompany balances and accounts have been eliminated in consolidation. References to “the Corporation”, “Isabella”, “we”, “our”, “us”, and similar terms refer to the consolidated entity consisting of Isabella Bank Corporation and its subsidiary. References to Isabella Bank or “the Bank” refers to Isabella Bank Corporation’s subsidiary, Isabella Bank. The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In our opinion, all adjustments considered necessary for a fair presentation have been included. Operating results for the three and nine-month periods ended September 30, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. For further information, refer to our Annual Report on Form 10-K for the year ended December 31, 2022. Use of Estimates: In preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, we make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet and reported amounts of revenues and expenses during the reporting year. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the ACL, the fair value of AFS investment securities, and the valuation of goodwill and other intangible assets. Accounting Changes and Reclassifications: Certain amounts reported in the interim 2022 consolidated financial statements have been reclassified to conform with the 2023 presentation. On January 1, 2023, we adopted ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” as subsequently updated for certain clarifications, targeted relief and codification improvements. ASC 326 updated the measurement for credit losses for AFS debt securities and assets measured at amortized cost, which includes loans, trade receivables, and any other financial assets with the contractual right to receive cash and requires enhanced disclosures related to the significant estimates and judgments used in estimating credit losses. Prior to ASU No. 2016-13, GAAP required an “incurred loss” methodology for recognizing credit losses that delayed recognition until it was probable a loss has been incurred. Under the incurred loss approach, entities were limited to a probable initial recognition threshold when credit losses were measured; an entity generally considered only past events and current conditions when measuring the incurred loss. We adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost and off balance sheet credit exposures. Results for reporting periods beginning January 1, 2023 are presented under ASC 326, while prior period amounts continue to be reported in accordance with previously applicable GAAP and the accounting policies described in our Annual Report on Form 10-K for the year ended December 31, 2022. We recorded a net decrease to retained earnings of $2,417 as of January 1, 2023 for the cumulative effect of adopting ASC 326. We adopted ASC 326 using the prospective transition approach for AFS debt securities for which other-than-temporary impairment had been recognized prior to January 1, 2023. As a result, the amortized cost basis remains the same before and after the effective date of ASC 326. The effective interest rate on these debt securities was not changed. Amounts previously recognized in accumulated other comprehensive income as of January 1, 2023 relating to improvements in cash flows expected to be collected will be accreted into income over the remaining life of the asset. Recoveries of amounts previously written off relating to improvements in cash flows beginning January 1, 2023 will be recorded in earnings when received. The following table details the impact of the adoption of ASC 326:
In connection with the adoption of ASC 326, we revised certain accounting policies and implemented certain accounting policy elections, which are provided below. All other accounting policies are materially the same as those discussed in Note 1 to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2022. AFS Securities: Purchases of investment securities are generally classified as AFS. However, we may elect to classify securities as either held to maturity or trading. Securities classified as AFS debt securities are recorded at fair value, with unrealized gains and losses, net of the effect of deferred income taxes, excluded from earnings and reported in other comprehensive income (loss). Included in AFS securities are auction rate money market preferred securities. These investments, for federal income tax purposes, have no federal income tax impact given the nature of the investments. Auction rate money market preferred securities are recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income (loss). Purchase premiums and discounts are recognized in interest income using the interest method over the term of the securities. Realized gains and losses on the sale of AFS securities are determined using the specific identification method. ACL - AFS Securities: AFS securities are reviewed quarterly for possible credit impairment. In determining whether a credit-related impairment exists for debt securities, we assess whether: (a) we do not have the intent to sell the security; and (b) it is more likely than not we will not have to sell the security before recovery of its cost basis. If either of these conditions are met, any previously recognized allowances are charged-off and the security's amortized cost is written down to fair value through income. If these conditions are not met, the security is evaluated to determine whether the decline in fair value has resulted from credit losses or other factors. In order to determine the amount of the credit loss for a debt security, we calculate the recovery value by performing a discounted cash flow analysis based on the current cash flows and future cash flows we expect to recover. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. The amount of the impairment related to other risk factors is recognized as a component of other comprehensive income. Adjustments to the allowance are reported in the income statement as a provision for credit losses. We made an accounting policy election to exclude accrued interest receivable on AFS securities from the estimate of credit losses. AFS securities are charged-off against the allowance or, in the absence of any allowance, written down through income when deemed uncollectible by management, or when criteria regarding intent or requirement to sell is met. Loans: Loans that we have the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at their outstanding principal balance adjusted for any charge-offs, the ACL, and any deferred fees or costs. Interest income on loans is accrued over the term of the loan based on the principal amount outstanding. Loan origination fees and certain direct loan origination costs are capitalized and recognized as a component of interest income over the term of the loan using the appropriate yield methods. The accrual of interest on agricultural, commercial and mortgage loans is discontinued at the time the loan is 90 days or more past due unless the credit is well secured and in the process of collection. Consumer loans are typically charged-off no later than 180 days past due. Past due status is based on contractual terms of the loan. In all cases, loans are placed in nonaccrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful. For loans that are placed on nonaccrual status or charged-off, all interest accrued in the current calendar year, but not collected, is reversed against interest income while interest accrued in prior calendar years, but not collected is charged against the ACL. Interest income on loans in nonaccrual status is not recognized until qualifying for return to accrual status. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured. For loans not classified as nonaccrual, interest income continues to be accrued over the term of the loan based on the principal amount outstanding. ACL - Loans: The ACL on loans is calculated in accordance with ASC 326 and is deducted from the amortized cost basis of loans to present our best estimate of the net amount expected to be collected. The ACL is established through a provision for credit losses charged to earnings. Loan losses are charged against the allowance when we believe the uncollectability of the loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. We made an accounting policy election to exclude accrued interest receivable on loans from the estimate of credit losses. We evaluate the ACL on a regular basis. Our periodic review of the collectability of loans considers historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, prevailing economic conditions, and reasonable and supportable forecasts. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The ACL consists of a general component and loans individually analyzed. The general component covers loans not specifically analyzed and is based on historical loss experience, current conditions, and reasonable and supportable forecasts. The general component also includes uncertainties that we believe could affect our estimate of probable losses based on qualitative factors. Loans in nonaccrual status are individually analyzed on a loan-by-loan basis. Loans evaluated individually are not included in the general, or pooled, component of the ACL. For collateralized loans, the loan's specific allowance is measured by the fair value of the collateral approach. The specific reserve is based on the fair value of the collateral, less costs to sell if foreclosure is probable, and an allowance is established when the collateral value is lower than the carrying value of the loan. When the discounted cash flow method is used to measure the loan's specific allowance, the effective interest rate is used to discount expected cash flows to incorporate expected prepayments. An allowance is established when the discounted cash flows are lower than the carrying value of the loan. For large groups of smaller-balance, homogeneous loans, we may collectively evaluate these loans for measurement of an allowance. Off Balance Sheet Credit Related Financial Instruments: In the ordinary course of business, we enter into commitments to extend credit, including commitments under credit card arrangements, commercial lines of credit, home equity lines of credit, commercial letters of credit, and standby letters of credit. Such financial instruments are recorded only when funded. In connection with these commitments, we established an allowance for credit losses related to off-balance-sheet credit exposures. The allowance, recorded in a liability account, is calculated in accordance with ASC 326 and represents expected credit losses over the contractual period for which we are exposed to credit risk resulting from a contractual obligation to extend credit. The estimate of expected credit losses considers both the likelihood that funding will occur and the amount expected to be funded over the estimated remaining life of the commitment. The likelihood and expected amount of funding are based on historical utilization rates. No allowance is recognized if we have the unconditional right to cancel the obligation. The allowance is reported as a component of accrued interest payable and other liabilities in our consolidated balance sheets. Adjustments to the allowance are reported in our income statement as a component of provision for credit losses.
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AFS Securities |
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Investments, Debt and Equity Securities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AFS Securities | AFS Securities The amortized cost and fair value of AFS securities, with gross unrealized gains and losses, are as follows at:
The amortized cost and fair value of AFS securities by contractual maturity at September 30, 2023 are as follows:
Expected maturities for government sponsored enterprises and states and political subdivisions may differ from contractual maturities because issuers may have the right to call or prepay obligations. As the auction rate money market preferred investments have continual call dates, they are not reported by a specific maturity group. Because of their variable monthly payments, mortgage-backed securities and collateralized mortgage obligations are not reported by a specific maturity group. Approximately $148,000 of the amortized cost of the collateralized mortgage portfolio consist of agency commercial mortgage-backed securities with defined maturity dates of less than ten years. A summary of the sales activity of AFS securities is as follows for the:
The following information pertains to AFS securities with gross unrealized losses at September 30, 2023 and December 31, 2022, aggregated by investment category and length of time that individual securities have been in a continuous loss position.
As of September 30, 2023, no allowance for credit losses has been recognized on AFS securities in an unrealized loss position, as management does not believe any of the securities are impaired due to reasons of credit quality. This is based on our analysis of the underlying risk characteristics, including credit ratings, and other qualitative factors related to our AFS securities and consideration of our historical credit loss experience and internal forecasts. The issuers of these securities continue to make timely principal and interest payments under the contractual terms of the securities. Furthermore, management does not have the intent to sell any of the securities classified as AFS in the table above, and believes it is more likely than not that we will not have to sell any such securities before a recovery of cost. The unrealized losses are due to increases in market interest rates over the yields available at the time the underlying securities were purchased. The fair value is expected to recover as the securities approach their respective maturity date or repricing date, or if the market yields for such investments decline.
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Loans and ACL |
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Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans and ACL | Loans and ACL Loan Composition The following table provides a detailed listing of our loan portfolio at:
For a summary of the accounting policies related to loans, interest recognition, and the ACL for loans, including updates to such policies, refer to “Note 1 – Significant Accounting Policies” and our Annual Report on Form 10-K for the year ended December 31, 2022. We grant commercial, agricultural, residential real estate, and consumer loans to customers situated primarily in Bay, Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw counties in mid-Michigan. The ability of the borrowers to honor their repayment obligations is often dependent upon the real estate, agricultural, manufacturing, retail, gaming, tourism, health care, higher education, and general economic conditions of this region. Substantially all of our consumer and residential real estate loans are secured by various items of property, while commercial loans are secured primarily by real estate, business assets, and personal guarantees. A portion of loans are unsecured. Loans that we have the intent and ability to hold in our portfolio are reported at their outstanding principal balance adjusted for any charge-offs, the ACL, and deferred fees or costs. Unless a loan has a nonaccrual status, interest income is accrued over the term of the loan based on the principal amount outstanding. Loan origination fees and certain direct loan origination costs are capitalized and recognized as a component of interest income over the term of the loan using the appropriate amortization method. Commercial and agricultural loans include loans for commercial real estate, commercial operating loans, advances to mortgage brokers, farmland and agricultural production, and loans to states and political subdivisions. Repayment of these loans is dependent upon the successful operation and management of a business. We minimize our risk by limiting the amount of direct credit exposure to any one borrower to $18,000. Borrowers with direct credit needs of more than $18,000 may be serviced through the use of loan participations with other commercial banks. Commercial and agricultural real estate loans commonly require loan-to-value limits of 80% or less. Depending upon the type of loan, past credit history, and current operating results, we may require the borrower to pledge accounts receivable, inventory, property, or equipment. Government agency guarantee may be required. Personal guarantees and/or life insurance beneficiary assignments are generally required from the owners of closely held corporations, partnerships, and sole proprietorships. In addition, we may require annual financial statements, prepare cash flow analyses, and review credit reports. We offer adjustable rate mortgages, construction loans, and fixed rate residential real estate loans which have amortization periods up to a maximum of 30 years. We consider the anticipated direction of interest rates, balance sheet duration, the sensitivity of our balance sheet to changes in interest rates, our liquidity needs, and overall loan demand to determine whether or not to sell fixed rate loans to Freddie Mac. Our lending policies generally limit the maximum loan-to-value ratio on residential real estate loans to 100% of the lower of the appraised value of the property or the purchase price. Private mortgage insurance is typically required on loans with loan-to-value ratios in excess of 80% unless the loan qualifies for government guarantees. Underwriting criteria for originated residential real estate loans generally include: •Evaluation of the borrower’s ability to make monthly payments. •Evaluation of the value of the property securing the loan. •Ensuring the payment of principal, interest, taxes, and hazard insurance generally does not exceed 28% of a borrower’s gross income. •Ensuring all debt servicing does not exceed 40% of income. •Verification of acceptable credit reports. •Verification of employment, income, and financial information. Appraisals are performed by independent appraisers and are reviewed for appropriateness. Generally, mortgage loan requests are reviewed by our mortgage loan committee or through a secondary market underwriting system; loans in excess of $1,000 require the approval of one or more of the following committees: Internal Loan Committee, the Executive Loan Committee, or the Board of Directors. Consumer loans include secured and unsecured personal loans. Loans are amortized for a period of up to 15 years based on the age and value of the underlying collateral. The underwriting emphasis is on a borrower’s perceived intent and ability to pay rather than collateral value. No consumer loans are sold to the secondary market. Nonaccrual and Past Due Loans The accrual of interest on commercial and agricultural loans, as well as residential real estate loans, is discontinued at the time a loan is 90 days or more past due unless the credit is well-secured and in the process of short-term collection. Upon transferring a loan to nonaccrual status, we perform an evaluation to determine the net realizable value of the underlying collateral. This evaluation is used to help determine if a charge-off is necessary. Consumer loans are typically charged-off no later than 180 days past due. Past due status is based on the contractual term of the loan. In all cases, a loan is placed in nonaccrual status at an earlier date if collection of principal or interest is considered doubtful. When a loan is placed in nonaccrual status, all interest accrued in the current calendar year, but not collected, is reversed against interest income while interest accrued in prior calendar years, but not collected, is charged against the ACL. Loans may be returned to accrual status after six months of continuous performance and achievement of current payment status. The following table summarizes nonaccrual loan data by class of loans as of:
The following tables summarize the past due and current loans for the entire loan portfolio as of:
Credit Quality Indicators The following table displays commercial and agricultural loans by credit risk ratings and year of origination as of:
The following table displays the credit quality indicators for commercial and agricultural credit exposures based on internally assigned credit risk ratings as of:
Internally assigned credit risk ratings are reviewed, at a minimum, when loans are renewed or when management has knowledge of improvements or deterioration of the credit quality of individual credits. Descriptions of the internally assigned credit risk ratings for commercial and agricultural loans are as follows: 1. EXCELLENT – Substantially Risk Free Credit has strong financial condition and solid earnings history, characterized by: •High liquidity, strong cash flow, low leverage. •Unquestioned ability to meet all obligations when due. •Experienced management, with management succession in place. •Secured by cash. 2. HIGH QUALITY – Limited Risk Credit with sound financial condition and a positive trend in earnings supplemented by: •Favorable liquidity and leverage ratios. •Ability to meet all obligations when due. •Management with successful track record. •Steady and satisfactory earnings history. •If loan is secured, collateral is of high quality and readily marketable. •Access to alternative financing. •Well defined primary and secondary source of repayment. •If supported by guaranty, the financial strength and liquidity of the guarantor(s) are clearly evident. 3. HIGH SATISFACTORY – Reasonable Risk Credit with satisfactory financial condition and further characterized by: •Working capital adequate to support operations. •Cash flow sufficient to pay debts as scheduled. •Management experience and depth appear favorable. •Loan performing according to terms. •If loan is secured, collateral is acceptable and loan is fully protected. 4. LOW SATISFACTORY – Acceptable Risk Credit with bankable risks, although some signs of weaknesses are shown: •Would include most start-up businesses. •Occasional instances of trade slowness or repayment delinquency – may have been 10-30 days slow within the past year. •Management’s abilities are apparent yet unproven. •Weakness in primary source of repayment with adequate secondary source of repayment. •Loan structure generally in accordance with policy. •If secured, loan collateral coverage is marginal. To be classified as less than satisfactory, only one of the following criteria must be met. 5. SPECIAL MENTION – Criticized Credit constitutes an undue and unwarranted credit risk but not to the point of justifying a classification of substandard. The credit risk may be relatively minor yet constitutes an unwarranted risk in light of the circumstances surrounding a specific loan: •Downward trend in sales, profit levels, and margins. •Impaired working capital position. •Cash flow is strained in order to meet debt repayment. •Loan delinquency (30-60 days) and overdrafts may occur. •Shrinking equity cushion. •Diminishing primary source of repayment and questionable secondary source. •Management abilities are questionable. •Weak industry conditions. •Litigation pending against the borrower. •Loan may need to be restructured to improve collateral position or reduce payments. •Collateral or guaranty offers limited protection. •Negative debt service coverage, however the credit is well collateralized and payments are current. 6. SUBSTANDARD – Classified Credit is inadequately protected by the current net worth and paying capacity of the borrower or of the collateral pledged. There is a distinct possibility we will implement collection procedures if the loan deficiencies are not corrected. Any commercial loan placed in nonaccrual status will be rated “7” or worse. In addition, the following characteristics may apply: •Sustained losses have severely eroded the equity and cash flow. •Deteriorating liquidity. •Serious management problems or internal fraud. •Original repayment terms liberalized. •Likelihood of bankruptcy. •Inability to access other funding sources. •Reliance on secondary source of repayment. •Litigation filed against borrower. •Interest non-accrual may be warranted. •Collateral provides little or no value. •Requires excessive attention of the loan officer. •Borrower is uncooperative with loan officer. 7. VULNERABLE – Classified Credit is considered “Substandard” and warrants placing in nonaccrual status. Risk of loss is being evaluated and exit strategy options are under review. Other characteristics that may apply: •Insufficient cash flow to service debt. •Minimal or no payments being received. •Limited options available to avoid the collection process. •Transition status, expect action will take place to collect loan without immediate progress being made. 8. DOUBTFUL – Workout Credit has all the weaknesses inherent in a “Substandard” loan with the added characteristic that collection and/or liquidation is pending. The possibility of a loss is extremely high, but its classification as a loss is deferred until liquidation procedures are completed, or reasonably estimable. Other characteristics that may apply: •Normal operations are severely diminished or have ceased. •Seriously impaired cash flow. •Original repayment terms materially altered. •Secondary source of repayment is inadequate. •Survivability as a “going concern” is impossible. •Collection process has begun. •Bankruptcy petition has been filed. •Judgments have been filed. •Portion of the loan balance has been charged-off. 9. LOSS – Charge-off Credit is considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification is for charged-off loans but does not mean that the asset has absolutely no recovery or salvage value. These loans are further characterized by: •Liquidation or reorganization under Bankruptcy, with poor prospects of collection. •Fraudulently overstated assets and/or earnings. •Collateral has marginal or no value. •Debtor cannot be located. •Over 120 days delinquent. Our primary credit quality indicator for residential real estate and consumer loans is the individual loan’s past due status. The following table displays residential real estate and consumer loans by payment status and year of origination as of:
Loan Modifications A loan modification includes terms outside of normal lending practices to a borrower experiencing financial difficulty. Typical modifications granted include, but are not limited to: •Agreeing to interest rates below prevailing market rates for debt with similar risk characteristics. •Extending the maturity date or amortization period beyond typical lending guidelines for loans with similar risk characteristics. •Agreeing to an interest-only payment structure, delaying principal payments, or delaying payments. •Forgiving principal. To determine if a borrower is experiencing financial difficulty, factors we consider include: •The borrower is currently in default on any debt. •The borrower would likely default on any debt if the concession is not granted. •The borrower’s cash flow is insufficient to service all debt if the concession is not granted. •The borrower has declared, or is in the process of declaring, bankruptcy. •The borrower is unlikely to continue as a going concern (if the entity is a business). The following is a summary of the amortized cost basis of loan modifications granted to borrowers experiencing financial difficulty for the nine-month period ended September 30, 2023. There were no loan modifications granted to borrowers experiencing financial difficulty for the three-month period ended September 30, 2023.
We do not modify any loans by forgiving principal or accrued interest. We had committed to advance $0 in additional funds to be disbursed in connection with modified loans at September 30, 2023, as displayed in the table above, at September 30, 2023. The following table summarizes the financial effect of the modifications granted to borrowers experiencing financial difficulty for the nine-month period ended September 30, 2023:
During the three-month period ended September 30, 2022, there was one loan restructured with a below market interest rate in the amount of $55. During the nine months ended September 30, 2022, there were two loans restructured, one with a below market interest rate of $55, and one with both a below market interest rate and extension of amortization period in the amount of $98. Total restructured loans at September 30, 2022 was $153. We closely monitor the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of our modification efforts. Loans modified during the nine-month period ended September 30, 2023 were all current at September 30, 2023, with no loans in past due status. We had no loans that defaulted in the three and nine-month periods ended September 30, 2023 and 2022 which were modified within 12 months prior to the default date. ACL - Loans The credit quality of our loan portfolio is continuously monitored and is reflected within the ACL for loans. The ACL is an estimate of expected losses inherent within our loan portfolio. The ACL is adjusted by a credit loss expense, which is reported in earnings, and reduced by the charge-off of loan amounts, net of recoveries. The ACL is evaluated on a regular basis for appropriateness. Our periodic review of the collectability of a loan considers historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The primary factors behind the determination of the level of the ACL are specific allocations for loans individually evaluated, historical loss percentages, delinquency status, and other credit trends and risk characteristics, including current conditions and reasonable and supportable forecasts about the future. Determining the appropriateness of the allowance is complex and requires judgment by management about the effect of matters that are inherently uncertain. In future periods evaluations of the overall loan portfolio, in light of the factors and forecasts then prevailing, may result in significant changes in the allowance and credit loss expense in those future periods. The methodology for estimating the amount of expected credit losses reported in the ACL has two basic components: a component of individual loans that do not share risk characteristics with other loans; and a pooled component for estimated expected credit losses for pools of loans that share similar risk characteristics. For a loan that does not share risk characteristics with other loans, an individual analysis is performed to measure an allowance. Loans in nonaccrual status are individually evaluated for specific allocation of the allowance using the fair value of collateral, less costs to sell if foreclosure is probable, or the discounted cash flow method. We do not recognize interest income on loans in nonaccrual status. For loans not classified as nonaccrual, interest income is recognized daily, as earned, according to the terms of the loan agreement and the principal amount outstanding. In determining the allowance for credit losses, we derive an estimated credit loss assumption from a model that categorizes loan pools based on loan type and credit risk ratings or delinquency bucket. This model calculates an expected loss percentage for each loan class by considering the probability of default, based on the migration of loans from performing to loss by credit risk ratings or delinquency buckets using life-of-loan analysis, and the historical severity of loss, based on the aggregate net lifetime losses incurred per loan class. The default and severity factors used to calculate the allowance for credit losses for loans that share similar risk characteristics with other loans are adjusted for differences between the historical period used to calculate historical default and loss severity rates and expected conditions over the remaining lives of the loans in the portfolio. These qualitative factors are used to adjust the historical probabilities of default and severity of loss so that they reflect management's expectation of future conditions based on a reasonable and supportable forecast. To the extent the lives of the loans in the portfolio extend beyond the period for which a reasonable and supportable forecast can be made, the model reverts back to the historical rates of default and severity of loss. Qualitative factors include: •Changes in lending policies and procedures, including changes in underwriting standards and collection, charge-off, recovery practices not considered elsewhere in estimating credit losses; •Changes in the experience, ability, and depth of lending management and other relevant staff; •Changes in interest rates; •Changes in international, national, regional, and local economic factors (international, national, regional, and local); •Changes in the nature and volume of the portfolio and in the terms of loans; •Changes in the volume and severity of past due loans, the volume of nonaccrual loans, and the volume and severity of adversely classified or graded loans; •Lack of current financial information; •Competition, Legal, and Regulatory; and •Changes in the value of underlying collateral. Upon the adoption of ASC 326, the estimated ACL using the CECL methodology increased $2,744 compared to the ACL as of December 31, 2022 using the prior incurred loss model. The manner in which credit loss allowances are allocated to the individual portfolio segments was partly impacted by a change in the way the underlying loans within each segment are pooled for modeling purposes. The impact of varying economic conditions and portfolio risk factors are now a component of the credit loss models applied to each modeling pool. In that regard, the amounts allocated to the underlying pools of loans within each portfolio segment more directly reflect the economic variables and portfolio stress factors that correlate with credit losses within each portfolio. Under the prior methodology, allocations in excess of those derived from historical loss rates were recognized as unallocated. Nonetheless, despite fluctuations in the allocation of portions of the overall allowance to the various portfolio segments, the entire allowance is available to absorb any credit losses within the entire loan portfolio. A summary of activity in the ACL by portfolio segment and the recorded investment in loans by segments follows:
The following table presents loans that were evaluated for expected credit losses on an individual basis and the related specific allocations, by loan segment as of:
We have designated loans classified as collateral dependent for which we apply the practical expedient to measure the ACL based on the fair value of the collateral less cost to sell, when the repayment is expected to be provided substantially by the sale or operation of the collateral and the borrower is experiencing financial difficulty. The fair value of the collateral is based on appraisals, which may be adjusted due to their age, and the type, location, and condition of the property or area or general market conditions to reflect the expected change in value between the effective date of the appraisal and the measurement date. Appraisals are updated every one to two years depending on the type of loan and the total exposure of the borrower. Loans evaluated for expected credit losses on an individual basis with no allowance include $391 in collateral dependent loans.
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Borrowed Funds |
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Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Borrowed Funds | Borrowed Funds Federal funds purchased and repurchase agreements Securities sold under repurchase agreements without stated maturity dates, federal funds purchased, and FRB Discount Window advances generally mature within one to four days from the transaction date. A summary of borrowed funds without stated maturity dates was as follows for the:
Securities sold under agreements to repurchase are classified as secured borrowings and are reflected at the amount of cash received in connection with the transaction. The securities underlying the agreements have a carrying value and a fair value of $75,225 and $58,291 at September 30, 2023 and December 31, 2022, respectively. Such securities remain under our control. We may be required to provide additional collateral based on the fair value of underlying securities. Securities sold under repurchase agreements without stated maturity dates were as follows as of:
We had pledged AFS securities and 1-4 family residential real estate loans in the following amounts at:
AFS securities pledged to repurchase agreements without stated maturity dates consisted of the following at:
AFS securities pledged to repurchase agreements are monitored to ensure the appropriate level is collateralized. In the event of maturities, calls, significant principal repayments, or significant decline in market values, we have an adequate level of AFS securities to pledge to satisfy collateral requirements. As of September 30, 2023, we had the ability to borrow up to an additional $287,910, without pledging additional collateral. FHLB advances FHLB advances are collateralized by a blanket lien on all qualified 1-4 family residential real estate loans, specific AFS securities, and FHLB stock. The following table lists the maturities and weighted average interest rates of FHLB advances as of:
FHLB advances outstanding as of September 30, 2023 were short-term, with maturities within four weeks after September 30, 2023. Subordinated notes On June 2, 2021, we completed a private placement of $30,000 in aggregate principal amount of 3.25% Fixed-to-Floating Rate Subordinated Notes due 2031 (the "Notes"). The Notes will initially bear a fixed interest rate of 3.25% until June 15, 2026, after which time until maturity on June 15, 2031, the interest rate will reset quarterly to an annual floating rate equal to the then-current 3-month SOFR plus 256 basis points. The Notes are redeemable by us at our option, in whole or in part, on or after June 15, 2026. The Notes are not subject to redemption at the option of the holders. The following table summarizes our outstanding notes as of:
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Computation of Earnings Per Common Share |
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Computation of Earnings Per Common Share | Computation of Earnings Per Common Share Basic earnings per common share represents income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share includes additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued relate solely to outstanding shares in the Directors Plan and grant awards under the RSP. Earnings per common share have been computed based on the following for the:
(1)Exclusive of shares held in the Rabbi Trust
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Restricted Stock Plan (Notes) |
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Share-Based Payment Arrangement [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based Payment Arrangement [Text Block] | Restricted Stock Plan Under the RSP, an equity-based bonus plan, we award restricted stock bonuses to eligible employees on an annual basis that are not fully transferable or vested until certain conditions are met. Currently, the eligible employees are the Bank's CEO, President, and CFO. The RSP authorizes the issuance of unvested restricted stock to an eligible employee with a maximum award ranging from 25% to 40% of the employee’s annual salary, on a calendar year basis. The employee must also satisfy the annual performance targets and measures established by the Board of Directors. If these grant conditions are not satisfied, then the award of restricted shares will lapse or be adjusted appropriately, at the discretion of the Board of Directors. All such Grant Agreements contain vesting conditions and clawback provisions. A summary of changes in nonvested restricted stock awards is as follows for the:
Fluctuations in granted shares are due to the reassessment of the projected award achievement. Expenses related to RSP awards during the three and nine month periods ended September 30, 2023 were $91 and $219, and $31 and $108 for the three and nine month periods ended September 30, 2022. As of September 30, 2023, there was $168 of total remaining unrecognized compensation expense related to nonvested restricted stock awards granted under the RSP. The remaining expense is expected to be recognized over a weighted-average service period of 1.27 years.
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Other Noninterest Expenses |
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Other Income and Expenses [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Noninterest Expenses | Other Noninterest ExpensesA summary of expenses included in other noninterest expenses is as follows for the:
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Federal Income Taxes |
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Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal Income Taxes | Federal Income TaxesThe reconciliation of the provision for federal income taxes and the amount computed at the federal statutory tax rate of 21% of income before federal income tax expense is as follows for the:
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Accumulated Other Comprehensive Income (Loss) |
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Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income The following table summarizes the changes in AOCI by component for the:
Included in OCI for the three and nine-month periods ended September 30, 2023 and 2022 are changes in unrealized gains and losses related to certain auction rate money market preferred stocks. These investments, for federal income tax purposes, have no deferred federal income taxes related to unrealized gains or losses given the nature of the investments. A summary of the components of unrealized gains on AFS securities included in OCI follows for the:
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Fair Value |
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | Fair Value Under fair value measurement and disclosure authoritative guidance, we group assets and liabilities measured at fair value into three levels, based on the markets in which the assets and liabilities are traded, and the reliability of the assumptions used to determine fair value, based on the prioritization of inputs in the valuation techniques. These levels are:
The asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. Transfers between measurement levels are recognized at the end of reporting periods. Fair value measurement requires the use of an exit price notion which may differ from entrance pricing. Generally, we believe our assets and liabilities classified as Level 1 or Level 2 approximate an exit price notion. Following is a description of the valuation methodologies, key inputs, and an indication of the level of the fair value hierarchy in which the assets or liabilities are classified. AFS securities: AFS securities are recorded at fair value on a recurring basis. Level 1 fair value measurement is based upon quoted prices for identical instruments. Level 2 fair value measurement is based upon quoted prices for similar instruments. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss and liquidity assumptions. The values for Level 1 and Level 2 investment securities are generally obtained from an independent third party. On a quarterly basis, we compare the values provided to alternative pricing sources. Loans: We do not record loans at fair value on a recurring basis. However, some loans are individually evaluated for ACL purposes, and a specific ACL may be established. To measure reserve, the fair value of the loan is estimated using the fair value of the collateral, less costs to sell if foreclosure is probable, or the present value of expected future cash flows discounted at the loan’s effective interest rate. Loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceed the recorded investments in such loans. We review the net realizable values of the underlying collateral for collateral dependent loans on at least a quarterly basis for all loan types. To determine the collateral value, we utilize independent appraisals, broker price opinions, or internal evaluations. We review these valuations to determine whether an additional discount should be applied given the age of market information that may have been considered as well as other factors such as costs to sell an asset if it is determined that the collateral will be liquidated in connection with the ultimate settlement of the loan. We use these valuations to determine if any specific reserves or charge-offs are necessary. We may obtain new valuations in certain circumstances, including when there has been significant deterioration in the condition of the collateral, if the foreclosure process has begun, or if the existing valuation is deemed to be outdated. The following tables list the quantitative information about loans measured at fair value on a nonrecurring basis as of:
Collateral discount rates may have ranges to accommodate differences in the age of the independent appraisal, broker price opinion, or internal evaluation. OMSR: OMSR (which are included in other assets) are subject to impairment testing. To test for impairment, we utilize a discounted cash flow analysis using interest rates and prepayment speed assumptions currently quoted for comparable instruments and discount rates. If the valuation model reflects a value less than the carrying value, OMSR are adjusted to fair value through a valuation allowance as determined by the model. As such, we classify OMSR subject to nonrecurring fair value adjustments as Level 2. The preceding methods described may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Although we believe our valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement. Estimated Fair Values of Financial Instruments Not Recorded at Fair Value in their Entirety on a Recurring Basis Disclosure of the estimated fair values of financial instruments, which differ from carrying values, often requires the use of estimates. In cases where quoted market values in an active market are not available, we use present value techniques and other valuation methods to estimate the fair values of our financial instruments. These valuation methods require considerable judgment and the resulting estimates of fair value can be significantly affected by the assumptions made and methods used. The carrying amount and estimated fair value of financial instruments not recorded at fair value in their entirety on a recurring basis were as follows as of:
(1)Due to the characteristics of equity securities without readily determinable fair values, they are not disclosed under a specific fair value hierarchy. When an impairment or write-down related to these securities is recorded, such amount would be classified as a nonrecurring Level 3 fair value adjustment. Financial Instruments Recorded at Fair Value The table below presents the recorded amount of assets and liabilities measured at fair value on:
We recognized an impairment related to foreclosed assets for the three and nine month period ended September 30, 2023 of $27 and $36, respectively, and $6 for both the three and nine month periods ended September 30, 2022. We had no other assets or liabilities recorded at fair value with changes fair value recognized through earnings, on a recurring basis or nonrecurring basis, as of September 30, 2023. Further, we had no unrealized gains and losses included in OCI for recurring Level 3 fair value measurements held at the end of the reporting period.
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Operating Segments |
9 Months Ended |
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Sep. 30, 2023 | |
Segment Reporting [Abstract] | |
Operating Segments | Operating SegmentsOur reportable segments are based on legal entities that account for at least 10% of net operating results. The Bank as of September 30, 2023 and December 31, 2022 and for the three and nine-month periods ended September 30, 2023 and 2022, represents approximately 90% or more of our consolidated total assets and operating results. As such, no additional segment reporting is presented. |
Basis of Presentation (Policies) |
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Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidation | References to “the Corporation”, “Isabella”, “we”, “our”, “us”, and similar terms refer to the consolidated entity consisting of Isabella Bank Corporation and its subsidiary. References to Isabella Bank or “the Bank” refers to Isabella Bank Corporation’s subsidiary, Isabella Bank. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basis of Accounting | The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In our opinion, all adjustments considered necessary for a fair presentation have been included. Operating results for the three and nine-month periods ended September 30, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. For further information, refer to our Annual Report on Form 10-K for the year ended December 31, 2022. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share | Basic earnings per common share represents income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share includes additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued relate solely to outstanding shares in the Directors Plan and grant awards under the RSP. Earnings per common share have been computed based on the following for the:
(1)Exclusive of shares held in the Rabbi Trust
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Available-for-sale Securities | ACL - AFS Securities: AFS securities are reviewed quarterly for possible credit impairment. In determining whether a credit-related impairment exists for debt securities, we assess whether: (a) we do not have the intent to sell the security; and (b) it is more likely than not we will not have to sell the security before recovery of its cost basis. If either of these conditions are met, any previously recognized allowances are charged-off and the security's amortized cost is written down to fair value through income. If these conditions are not met, the security is evaluated to determine whether the decline in fair value has resulted from credit losses or other factors. In order to determine the amount of the credit loss for a debt security, we calculate the recovery value by performing a discounted cash flow analysis based on the current cash flows and future cash flows we expect to recover. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. The amount of the impairment related to other risk factors is recognized as a component of other comprehensive income. Adjustments to the allowance are reported in the income statement as a provision for credit losses. We made an accounting policy election to exclude accrued interest receivable on AFS securities from the estimate of credit losses. AFS securities are charged-off against the allowance or, in the absence of any allowance, written down through income when deemed uncollectible by management, or when criteria regarding intent or requirement to sell is met.
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Nonaccrual Loan Status | The accrual of interest on commercial and agricultural loans, as well as residential real estate loans, is discontinued at the time a loan is 90 days or more past due unless the credit is well-secured and in the process of short-term collection. Upon transferring a loan to nonaccrual status, we perform an evaluation to determine the net realizable value of the underlying collateral. This evaluation is used to help determine if a charge-off is necessary. Consumer loans are typically charged-off no later than 180 days past due. Past due status is based on the contractual term of the loan. In all cases, a loan is placed in nonaccrual status at an earlier date if collection of principal or interest is considered doubtful. When a loan is placed in nonaccrual status, all interest accrued in the current calendar year, but not collected, is reversed against interest income while interest accrued in prior calendar years, but not collected, is charged against the ACL. Loans may be returned to accrual status after six months of continuous performance and achievement of current payment status.
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Loans Receivable | Loans that we have the intent and ability to hold in our portfolio are reported at their outstanding principal balance adjusted for any charge-offs, the ACL, and deferred fees or costs. Unless a loan has a nonaccrual status, interest income is accrued over the term of the loan based on the principal amount outstanding. Loan origination fees and certain direct loan origination costs are capitalized and recognized as a component of interest income over the term of the loan using the appropriate amortization method. Commercial and agricultural loans include loans for commercial real estate, commercial operating loans, advances to mortgage brokers, farmland and agricultural production, and loans to states and political subdivisions. Repayment of these loans is dependent upon the successful operation and management of a business. We minimize our risk by limiting the amount of direct credit exposure to any one borrower to $18,000. Borrowers with direct credit needs of more than $18,000 may be serviced through the use of loan participations with other commercial banks. Commercial and agricultural real estate loans commonly require loan-to-value limits of 80% or less. Depending upon the type of loan, past credit history, and current operating results, we may require the borrower to pledge accounts receivable, inventory, property, or equipment. Government agency guarantee may be required. Personal guarantees and/or life insurance beneficiary assignments are generally required from the owners of closely held corporations, partnerships, and sole proprietorships. In addition, we may require annual financial statements, prepare cash flow analyses, and review credit reports. We offer adjustable rate mortgages, construction loans, and fixed rate residential real estate loans which have amortization periods up to a maximum of 30 years. We consider the anticipated direction of interest rates, balance sheet duration, the sensitivity of our balance sheet to changes in interest rates, our liquidity needs, and overall loan demand to determine whether or not to sell fixed rate loans to Freddie Mac. Our lending policies generally limit the maximum loan-to-value ratio on residential real estate loans to 100% of the lower of the appraised value of the property or the purchase price. Private mortgage insurance is typically required on loans with loan-to-value ratios in excess of 80% unless the loan qualifies for government guarantees. Underwriting criteria for originated residential real estate loans generally include: •Evaluation of the borrower’s ability to make monthly payments. •Evaluation of the value of the property securing the loan. •Ensuring the payment of principal, interest, taxes, and hazard insurance generally does not exceed 28% of a borrower’s gross income. •Ensuring all debt servicing does not exceed 40% of income. •Verification of acceptable credit reports. •Verification of employment, income, and financial information. Appraisals are performed by independent appraisers and are reviewed for appropriateness. Generally, mortgage loan requests are reviewed by our mortgage loan committee or through a secondary market underwriting system; loans in excess of $1,000 require the approval of one or more of the following committees: Internal Loan Committee, the Executive Loan Committee, or the Board of Directors. Consumer loans include secured and unsecured personal loans. Loans are amortized for a period of up to 15 years based on the age and value of the underlying collateral. The underwriting emphasis is on a borrower’s perceived intent and ability to pay rather than collateral value. No consumer loans are sold to the secondary market.
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Internal Credit Risk Ratings | Internally assigned credit risk ratings are reviewed, at a minimum, when loans are renewed or when management has knowledge of improvements or deterioration of the credit quality of individual credits. Descriptions of the internally assigned credit risk ratings for commercial and agricultural loans are as follows: 1. EXCELLENT – Substantially Risk Free Credit has strong financial condition and solid earnings history, characterized by: •High liquidity, strong cash flow, low leverage. •Unquestioned ability to meet all obligations when due. •Experienced management, with management succession in place. •Secured by cash. 2. HIGH QUALITY – Limited Risk Credit with sound financial condition and a positive trend in earnings supplemented by: •Favorable liquidity and leverage ratios. •Ability to meet all obligations when due. •Management with successful track record. •Steady and satisfactory earnings history. •If loan is secured, collateral is of high quality and readily marketable. •Access to alternative financing. •Well defined primary and secondary source of repayment. •If supported by guaranty, the financial strength and liquidity of the guarantor(s) are clearly evident. 3. HIGH SATISFACTORY – Reasonable Risk Credit with satisfactory financial condition and further characterized by: •Working capital adequate to support operations. •Cash flow sufficient to pay debts as scheduled. •Management experience and depth appear favorable. •Loan performing according to terms. •If loan is secured, collateral is acceptable and loan is fully protected. 4. LOW SATISFACTORY – Acceptable Risk Credit with bankable risks, although some signs of weaknesses are shown: •Would include most start-up businesses. •Occasional instances of trade slowness or repayment delinquency – may have been 10-30 days slow within the past year. •Management’s abilities are apparent yet unproven. •Weakness in primary source of repayment with adequate secondary source of repayment. •Loan structure generally in accordance with policy. •If secured, loan collateral coverage is marginal. To be classified as less than satisfactory, only one of the following criteria must be met. 5. SPECIAL MENTION – Criticized Credit constitutes an undue and unwarranted credit risk but not to the point of justifying a classification of substandard. The credit risk may be relatively minor yet constitutes an unwarranted risk in light of the circumstances surrounding a specific loan: •Downward trend in sales, profit levels, and margins. •Impaired working capital position. •Cash flow is strained in order to meet debt repayment. •Loan delinquency (30-60 days) and overdrafts may occur. •Shrinking equity cushion. •Diminishing primary source of repayment and questionable secondary source. •Management abilities are questionable. •Weak industry conditions. •Litigation pending against the borrower. •Loan may need to be restructured to improve collateral position or reduce payments. •Collateral or guaranty offers limited protection. •Negative debt service coverage, however the credit is well collateralized and payments are current. 6. SUBSTANDARD – Classified Credit is inadequately protected by the current net worth and paying capacity of the borrower or of the collateral pledged. There is a distinct possibility we will implement collection procedures if the loan deficiencies are not corrected. Any commercial loan placed in nonaccrual status will be rated “7” or worse. In addition, the following characteristics may apply: •Sustained losses have severely eroded the equity and cash flow. •Deteriorating liquidity. •Serious management problems or internal fraud. •Original repayment terms liberalized. •Likelihood of bankruptcy. •Inability to access other funding sources. •Reliance on secondary source of repayment. •Litigation filed against borrower. •Interest non-accrual may be warranted. •Collateral provides little or no value. •Requires excessive attention of the loan officer. •Borrower is uncooperative with loan officer. 7. VULNERABLE – Classified Credit is considered “Substandard” and warrants placing in nonaccrual status. Risk of loss is being evaluated and exit strategy options are under review. Other characteristics that may apply: •Insufficient cash flow to service debt. •Minimal or no payments being received. •Limited options available to avoid the collection process. •Transition status, expect action will take place to collect loan without immediate progress being made. 8. DOUBTFUL – Workout Credit has all the weaknesses inherent in a “Substandard” loan with the added characteristic that collection and/or liquidation is pending. The possibility of a loss is extremely high, but its classification as a loss is deferred until liquidation procedures are completed, or reasonably estimable. Other characteristics that may apply: •Normal operations are severely diminished or have ceased. •Seriously impaired cash flow. •Original repayment terms materially altered. •Secondary source of repayment is inadequate. •Survivability as a “going concern” is impossible. •Collection process has begun. •Bankruptcy petition has been filed. •Judgments have been filed. •Portion of the loan balance has been charged-off. 9. LOSS – Charge-off Credit is considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification is for charged-off loans but does not mean that the asset has absolutely no recovery or salvage value. These loans are further characterized by: •Liquidation or reorganization under Bankruptcy, with poor prospects of collection. •Fraudulently overstated assets and/or earnings. •Collateral has marginal or no value. •Debtor cannot be located. •Over 120 days delinquent.
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Fair Value Measurement, Policy [Policy Text Block] | Under fair value measurement and disclosure authoritative guidance, we group assets and liabilities measured at fair value into three levels, based on the markets in which the assets and liabilities are traded, and the reliability of the assumptions used to determine fair value, based on the prioritization of inputs in the valuation techniques. These levels are:
The asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. Transfers between measurement levels are recognized at the end of reporting periods. Fair value measurement requires the use of an exit price notion which may differ from entrance pricing. Generally, we believe our assets and liabilities classified as Level 1 or Level 2 approximate an exit price notion.
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Policy Loans Receivable, Policy | Loans: Loans that we have the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at their outstanding principal balance adjusted for any charge-offs, the ACL, and any deferred fees or costs. Interest income on loans is accrued over the term of the loan based on the principal amount outstanding. Loan origination fees and certain direct loan origination costs are capitalized and recognized as a component of interest income over the term of the loan using the appropriate yield methods. The accrual of interest on agricultural, commercial and mortgage loans is discontinued at the time the loan is 90 days or more past due unless the credit is well secured and in the process of collection. Consumer loans are typically charged-off no later than 180 days past due. Past due status is based on contractual terms of the loan. In all cases, loans are placed in nonaccrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful. For loans that are placed on nonaccrual status or charged-off, all interest accrued in the current calendar year, but not collected, is reversed against interest income while interest accrued in prior calendar years, but not collected is charged against the ACL. Interest income on loans in nonaccrual status is not recognized until qualifying for return to accrual status. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured. For loans not classified as nonaccrual, interest income continues to be accrued over the term of the loan based on the principal amount outstanding.
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Credit Loss, Financial Instrument | ACL - Loans: The ACL on loans is calculated in accordance with ASC 326 and is deducted from the amortized cost basis of loans to present our best estimate of the net amount expected to be collected. The ACL is established through a provision for credit losses charged to earnings. Loan losses are charged against the allowance when we believe the uncollectability of the loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. We made an accounting policy election to exclude accrued interest receivable on loans from the estimate of credit losses. We evaluate the ACL on a regular basis. Our periodic review of the collectability of loans considers historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, prevailing economic conditions, and reasonable and supportable forecasts. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The ACL consists of a general component and loans individually analyzed. The general component covers loans not specifically analyzed and is based on historical loss experience, current conditions, and reasonable and supportable forecasts. The general component also includes uncertainties that we believe could affect our estimate of probable losses based on qualitative factors. Loans in nonaccrual status are individually analyzed on a loan-by-loan basis. Loans evaluated individually are not included in the general, or pooled, component of the ACL. For collateralized loans, the loan's specific allowance is measured by the fair value of the collateral approach. The specific reserve is based on the fair value of the collateral, less costs to sell if foreclosure is probable, and an allowance is established when the collateral value is lower than the carrying value of the loan. When the discounted cash flow method is used to measure the loan's specific allowance, the effective interest rate is used to discount expected cash flows to incorporate expected prepayments. An allowance is established when the discounted cash flows are lower than the carrying value of the loan. For large groups of smaller-balance, homogeneous loans, we may collectively evaluate these loans for measurement of an allowance. Off Balance Sheet Credit Related Financial Instruments: In the ordinary course of business, we enter into commitments to extend credit, including commitments under credit card arrangements, commercial lines of credit, home equity lines of credit, commercial letters of credit, and standby letters of credit. Such financial instruments are recorded only when funded. In connection with these commitments, we established an allowance for credit losses related to off-balance-sheet credit exposures. The allowance, recorded in a liability account, is calculated in accordance with ASC 326 and represents expected credit losses over the contractual period for which we are exposed to credit risk resulting from a contractual obligation to extend credit. The estimate of expected credit losses considers both the likelihood that funding will occur and the amount expected to be funded over the estimated remaining life of the commitment. The likelihood and expected amount of funding are based on historical utilization rates. No allowance is recognized if we have the unconditional right to cancel the obligation. The allowance is reported as a component of accrued interest payable and other liabilities in our consolidated balance sheets. Adjustments to the allowance are reported in our income statement as a component of provision for credit losses.
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Receivables, Loans, Notes Receivable, and Others (Policies) |
9 Months Ended |
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Sep. 30, 2023 | |
Receivables [Abstract] | |
Allowance for Loan Losses | The credit quality of our loan portfolio is continuously monitored and is reflected within the ACL for loans. The ACL is an estimate of expected losses inherent within our loan portfolio. The ACL is adjusted by a credit loss expense, which is reported in earnings, and reduced by the charge-off of loan amounts, net of recoveries. The ACL is evaluated on a regular basis for appropriateness. Our periodic review of the collectability of a loan considers historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The primary factors behind the determination of the level of the ACL are specific allocations for loans individually evaluated, historical loss percentages, delinquency status, and other credit trends and risk characteristics, including current conditions and reasonable and supportable forecasts about the future. Determining the appropriateness of the allowance is complex and requires judgment by management about the effect of matters that are inherently uncertain. In future periods evaluations of the overall loan portfolio, in light of the factors and forecasts then prevailing, may result in significant changes in the allowance and credit loss expense in those future periods. The methodology for estimating the amount of expected credit losses reported in the ACL has two basic components: a component of individual loans that do not share risk characteristics with other loans; and a pooled component for estimated expected credit losses for pools of loans that share similar risk characteristics. For a loan that does not share risk characteristics with other loans, an individual analysis is performed to measure an allowance. Loans in nonaccrual status are individually evaluated for specific allocation of the allowance using the fair value of collateral, less costs to sell if foreclosure is probable, or the discounted cash flow method. We do not recognize interest income on loans in nonaccrual status. For loans not classified as nonaccrual, interest income is recognized daily, as earned, according to the terms of the loan agreement and the principal amount outstanding. In determining the allowance for credit losses, we derive an estimated credit loss assumption from a model that categorizes loan pools based on loan type and credit risk ratings or delinquency bucket. This model calculates an expected loss percentage for each loan class by considering the probability of default, based on the migration of loans from performing to loss by credit risk ratings or delinquency buckets using life-of-loan analysis, and the historical severity of loss, based on the aggregate net lifetime losses incurred per loan class. The default and severity factors used to calculate the allowance for credit losses for loans that share similar risk characteristics with other loans are adjusted for differences between the historical period used to calculate historical default and loss severity rates and expected conditions over the remaining lives of the loans in the portfolio. These qualitative factors are used to adjust the historical probabilities of default and severity of loss so that they reflect management's expectation of future conditions based on a reasonable and supportable forecast. To the extent the lives of the loans in the portfolio extend beyond the period for which a reasonable and supportable forecast can be made, the model reverts back to the historical rates of default and severity of loss. Qualitative factors include: •Changes in lending policies and procedures, including changes in underwriting standards and collection, charge-off, recovery practices not considered elsewhere in estimating credit losses; •Changes in the experience, ability, and depth of lending management and other relevant staff; •Changes in interest rates; •Changes in international, national, regional, and local economic factors (international, national, regional, and local); •Changes in the nature and volume of the portfolio and in the terms of loans; •Changes in the volume and severity of past due loans, the volume of nonaccrual loans, and the volume and severity of adversely classified or graded loans; •Lack of current financial information; •Competition, Legal, and Regulatory; and •Changes in the value of underlying collateral. Upon the adoption of ASC 326, the estimated ACL using the CECL methodology increased $2,744 compared to the ACL as of December 31, 2022 using the prior incurred loss model. The manner in which credit loss allowances are allocated to the individual portfolio segments was partly impacted by a change in the way the underlying loans within each segment are pooled for modeling purposes. The impact of varying economic conditions and portfolio risk factors are now a component of the credit loss models applied to each modeling pool. In that regard, the amounts allocated to the underlying pools of loans within each portfolio segment more directly reflect the economic variables and portfolio stress factors that correlate with credit losses within each portfolio. Under the prior methodology, allocations in excess of those derived from historical loss rates were recognized as unallocated. Nonetheless, despite fluctuations in the allocation of portions of the overall allowance to the various portfolio segments, the entire allowance is available to absorb any credit losses within the entire loan portfolio.
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Organization, Consolidation and Presentation of Financial Statements (Tables) |
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Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounting Standards Update and Change in Accounting Principle | The following table details the impact of the adoption of ASC 326:
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AFS Securities (Tables) |
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Investments, Debt and Equity Securities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost and fair value of available-for-sale securities | The amortized cost and fair value of AFS securities, with gross unrealized gains and losses, are as follows at:
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Amortized cost and fair value of available-for-sale securities by contractual maturity | The amortized cost and fair value of AFS securities by contractual maturity at September 30, 2023 are as follows:
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Schedule of Realized Gain (Loss) [Table Text Block] | A summary of the sales activity of AFS securities is as follows for the:
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Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value | The following information pertains to AFS securities with gross unrealized losses at September 30, 2023 and December 31, 2022, aggregated by investment category and length of time that individual securities have been in a continuous loss position.
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Loans and ACL (Tables) |
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Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan Composition | The following table provides a detailed listing of our loan portfolio at:
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Nonaccrual Loans with No ACL | The following table summarizes nonaccrual loan data by class of loans as of:
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Summary of past due loans | The following tables summarize the past due and current loans for the entire loan portfolio as of:
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Credit quality indicators by year of origination | The following table displays commercial and agricultural loans by credit risk ratings and year of origination as of:
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Schedule of Residential Real Estate and Consumer Loan Segments by Year of Orignation | The following table displays residential real estate and consumer loans by payment status and year of origination as of:
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Financing Receivable, Troubled Debt Restructuring [Table Text Block] | The following is a summary of the amortized cost basis of loan modifications granted to borrowers experiencing financial difficulty for the nine-month period ended September 30, 2023. There were no loan modifications granted to borrowers experiencing financial difficulty for the three-month period ended September 30, 2023.
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Loan Modifications for Borrowers Experiencing Financial Difficulty Payment Status | Loans modified during the nine-month period ended September 30, 2023 were all current at September 30, 2023, with no loans in past due status.We had no loans that defaulted in the three and nine-month periods ended September 30, 2023 and 2022 which were modified within 12 months prior to the default date. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Effects of Loan Modifications for Borrowers Experiencing Financial Difficulty | The following table summarizes the financial effect of the modifications granted to borrowers experiencing financial difficulty for the nine-month period ended September 30, 2023:
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Allowance for Credit Losses | A summary of activity in the ACL by portfolio segment and the recorded investment in loans by segments follows:
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Individually Evaluated Collateral Dependent and Specific ACL | The following table presents loans that were evaluated for expected credit losses on an individual basis and the related specific allocations, by loan segment as of:
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Borrowed Funds (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of short term borrowings | A summary of borrowed funds without stated maturity dates was as follows for the:
Securities sold under agreements to repurchase are classified as secured borrowings and are reflected at the amount of cash received in connection with the transaction. The securities underlying the agreements have a carrying value and a fair value of $75,225 and $58,291 at September 30, 2023 and December 31, 2022, respectively. Such securities remain under our control. We may be required to provide additional collateral based on the fair value of underlying securities. Securities sold under repurchase agreements without stated maturity dates were as follows as of:
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Summary of pledged financial instruments | We had pledged AFS securities and 1-4 family residential real estate loans in the following amounts at:
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Federal Home Loan Bank, Advances | The following table lists the maturities and weighted average interest rates of FHLB advances as of:
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Schedule of Subordinated Borrowing | The following table summarizes our outstanding notes as of:
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Computation of Earnings Per Common Share (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Computation of earnings per common share | Earnings per common share have been computed based on the following for the:
(1)Exclusive of shares held in the Rabbi Trust
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Restricted Stock Plan (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-Based Payment Arrangement [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity | A summary of changes in nonvested restricted stock awards is as follows for the:
|
Other Noninterest Expenses (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Income and Expenses [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of expenses included in other noninterest expenses | A summary of expenses included in other noninterest expenses is as follows for the:
|
Federal Income Taxes (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of federal income tax expense | The reconciliation of the provision for federal income taxes and the amount computed at the federal statutory tax rate of 21% of income before federal income tax expense is as follows for the:
|
Accumulated Other Comprehensive Income (Loss) (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of the components of accumulated other comprehensive income | The following table summarizes the changes in AOCI by component for the:
|
Fair Value (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Quantitative information about assets measured utilizing Level 3 fair value measurement | The following tables list the quantitative information about loans measured at fair value on a nonrecurring basis as of:
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Carrying amount and estimated fair value of financial instruments not recorded at fair value | The carrying amount and estimated fair value of financial instruments not recorded at fair value in their entirety on a recurring basis were as follows as of:
(1)Due to the characteristics of equity securities without readily determinable fair values, they are not disclosed under a specific fair value hierarchy. When an impairment or write-down related to these securities is recorded, such amount would be classified as a nonrecurring Level 3 fair value adjustment.
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Assets and liabilities measured at fair value | The table below presents the recorded amount of assets and liabilities measured at fair value on:
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Basis of Presentation (Details) - USD ($) $ in Thousands |
9 Months Ended | ||||||
---|---|---|---|---|---|---|---|
Jan. 01, 2023 |
Sep. 30, 2023 |
Jun. 30, 2023 |
Dec. 31, 2022 |
Sep. 30, 2022 |
Jun. 30, 2022 |
Dec. 31, 2021 |
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Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | $ 12,767 | $ 12,833 | $ 9,850 | $ 9,677 | $ 9,700 | $ 9,103 | |
Credit Loss, Financial Instrument | ACL - Loans: The ACL on loans is calculated in accordance with ASC 326 and is deducted from the amortized cost basis of loans to present our best estimate of the net amount expected to be collected. The ACL is established through a provision for credit losses charged to earnings. Loan losses are charged against the allowance when we believe the uncollectability of the loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. We made an accounting policy election to exclude accrued interest receivable on loans from the estimate of credit losses. We evaluate the ACL on a regular basis. Our periodic review of the collectability of loans considers historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, prevailing economic conditions, and reasonable and supportable forecasts. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The ACL consists of a general component and loans individually analyzed. The general component covers loans not specifically analyzed and is based on historical loss experience, current conditions, and reasonable and supportable forecasts. The general component also includes uncertainties that we believe could affect our estimate of probable losses based on qualitative factors. Loans in nonaccrual status are individually analyzed on a loan-by-loan basis. Loans evaluated individually are not included in the general, or pooled, component of the ACL. For collateralized loans, the loan's specific allowance is measured by the fair value of the collateral approach. The specific reserve is based on the fair value of the collateral, less costs to sell if foreclosure is probable, and an allowance is established when the collateral value is lower than the carrying value of the loan. When the discounted cash flow method is used to measure the loan's specific allowance, the effective interest rate is used to discount expected cash flows to incorporate expected prepayments. An allowance is established when the discounted cash flows are lower than the carrying value of the loan. For large groups of smaller-balance, homogeneous loans, we may collectively evaluate these loans for measurement of an allowance. Off Balance Sheet Credit Related Financial Instruments: In the ordinary course of business, we enter into commitments to extend credit, including commitments under credit card arrangements, commercial lines of credit, home equity lines of credit, commercial letters of credit, and standby letters of credit. Such financial instruments are recorded only when funded. In connection with these commitments, we established an allowance for credit losses related to off-balance-sheet credit exposures. The allowance, recorded in a liability account, is calculated in accordance with ASC 326 and represents expected credit losses over the contractual period for which we are exposed to credit risk resulting from a contractual obligation to extend credit. The estimate of expected credit losses considers both the likelihood that funding will occur and the amount expected to be funded over the estimated remaining life of the commitment. The likelihood and expected amount of funding are based on historical utilization rates. No allowance is recognized if we have the unconditional right to cancel the obligation. The allowance is reported as a component of accrued interest payable and other liabilities in our consolidated balance sheets. Adjustments to the allowance are reported in our income statement as a component of provision for credit losses.
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Commercial Real Estate | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | $ 5,870 | 5,968 | 461 | ||||
Commercial [Member] | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | 829 | 822 | 860 | ||||
Agricultural [Member] | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | 269 | 264 | 577 | 487 | 451 | 289 | |
Residential Mortgage | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | 4,158 | 4,173 | 617 | 622 | 639 | 747 | |
Unallocated Financing Receivables [Member] | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | 0 | $ 0 | $ 6,374 | $ 6,186 | $ 5,529 | $ 5,419 | |
Cumulative Effect, Period of Adoption, Adjusted Balance | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | $ 12,594 | ||||||
Cumulative Effect, Period of Adoption, Adjusted Balance | Commitments to Extend Credit | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Off-Balance-Sheet, Credit Loss, Liability | 315 | ||||||
Cumulative Effect, Period of Adoption, Adjusted Balance | Commercial Real Estate | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | 5,993 | ||||||
Cumulative Effect, Period of Adoption, Adjusted Balance | Commercial [Member] | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | 802 | ||||||
Cumulative Effect, Period of Adoption, Adjusted Balance | Agricultural [Member] | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | 330 | ||||||
Cumulative Effect, Period of Adoption, Adjusted Balance | Residential Mortgage | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | 4,152 | ||||||
Cumulative Effect, Period of Adoption, Adjusted Balance | Consumer Loan | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | 1,317 | ||||||
Cumulative Effect, Period of Adoption, Adjusted Balance | Unallocated Financing Receivables [Member] | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | 0 | ||||||
Accounting Standards Update 2016-13 | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | 2,744 | 2,744 | |||||
Accounting Standards Update 2016-13 | Commitments to Extend Credit | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Off-Balance-Sheet, Credit Loss, Liability | 315 | ||||||
Financing Receivable, Allowance for Credit Losses, Effect of Change in Method | (249) | ||||||
Accounting Standards Update 2016-13 | Loans Receivable | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Losses, Effect of Change in Method | (2,168) | ||||||
Accounting Standards Update 2016-13 | Commercial Real Estate | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | 5,532 | 5,532 | |||||
Financing Receivable, Allowance for Credit Losses, Effect of Change in Method | (4,370) | ||||||
Accounting Standards Update 2016-13 | Commercial [Member] | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | (58) | (58) | |||||
Financing Receivable, Allowance for Credit Losses, Effect of Change in Method | 46 | ||||||
Accounting Standards Update 2016-13 | Agricultural [Member] | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | (247) | (247) | |||||
Financing Receivable, Allowance for Credit Losses, Effect of Change in Method | 195 | ||||||
Accounting Standards Update 2016-13 | Residential Mortgage | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | 3,535 | 3,535 | |||||
Financing Receivable, Allowance for Credit Losses, Effect of Change in Method | (2,793) | ||||||
Accounting Standards Update 2016-13 | Consumer Loan | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | 356 | ||||||
Financing Receivable, Allowance for Credit Losses, Effect of Change in Method | (281) | ||||||
Accounting Standards Update 2016-13 | Unallocated Financing Receivables [Member] | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | (6,374) | $ (6,374) | |||||
Financing Receivable, Allowance for Credit Losses, Effect of Change in Method | 5,035 | ||||||
Pre Adoption Allowance | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | 9,850 | ||||||
Pre Adoption Allowance | Commitments to Extend Credit | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Off-Balance-Sheet, Credit Loss, Liability | 0 | ||||||
Pre Adoption Allowance | Commercial Real Estate | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | 461 | ||||||
Pre Adoption Allowance | Commercial [Member] | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | 860 | ||||||
Pre Adoption Allowance | Agricultural [Member] | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | 577 | ||||||
Pre Adoption Allowance | Residential Mortgage | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | 617 | ||||||
Pre Adoption Allowance | Consumer Loan | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | 961 | ||||||
Pre Adoption Allowance | Unallocated Financing Receivables [Member] | |||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||||||
Financing Receivable, Allowance for Credit Loss | $ 6,374 |
AFS Securities (Amortized cost and fair value of AFS securities, with gross unrealized gains and losses) (Details) - USD ($) $ in Thousands |
Sep. 30, 2023 |
Dec. 31, 2022 |
---|---|---|
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | $ 567,824 | $ 625,605 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 350 | 392 |
Gross Unrealized Losses | 51,277 | 45,516 |
AFS securities | 516,897 | 580,481 |
States and political subdivisions [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 97,042 | 122,023 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 350 | 392 |
Gross Unrealized Losses | 7,619 | 4,903 |
AFS securities | 89,773 | 117,512 |
Auction rate money market preferred [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 3,200 | 3,200 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | 0 |
Gross Unrealized Losses | 630 | 858 |
AFS securities | 2,570 | 2,342 |
Mortgage-backed securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 36,927 | 42,309 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | 0 |
Gross Unrealized Losses | 4,004 | 3,239 |
AFS securities | 32,923 | 39,070 |
Collateralized mortgage obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 191,187 | 218,301 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | 0 |
Gross Unrealized Losses | 15,557 | 12,573 |
AFS securities | 175,630 | 205,728 |
Corporate Debt Securities | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 8,150 | 8,150 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | 0 |
Gross Unrealized Losses | 1,331 | 1,022 |
AFS securities | 6,819 | 7,128 |
US Treasury Securities | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 231,318 | 231,622 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | 0 |
Gross Unrealized Losses | 22,136 | 22,921 |
AFS securities | $ 209,182 | $ 208,701 |
AFS Securities (Amortized cost and fair value of AFS securities by contractual maturity) (Details) - USD ($) $ in Thousands |
Sep. 30, 2023 |
Dec. 31, 2022 |
---|---|---|
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract] | ||
Maturing, Due in One Year or Less | $ 11,998 | |
Maturing, After One Year But Within Five Years | 263,144 | |
Maturing, After Five Years But Within Ten Years | 28,957 | |
Maturing, After Ten Years | 32,411 | |
Securities With Variable Monthly Payments or Noncontractual Maturities | 231,314 | |
Amortized Cost | 567,824 | $ 625,605 |
Debt Securities, Available-for-sale, Maturity, Fair Value, Rolling Maturity [Abstract] | ||
Maturing, Due in One Year or Less, Fair value | 11,945 | |
Maturing, After One Year But Within Five Years, Fair value | 240,395 | |
Maturing, After Five Years But Within Ten Years, Fair value | 25,832 | |
Maturing, After Ten Years, Fair value | 27,602 | |
Securities With Variable Monthly Payments or Noncontractual Maturities, Fair value | 211,123 | |
Total, Fair value | 516,897 | 580,481 |
States and political subdivisions [Member] | ||
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract] | ||
Maturing, Due in One Year or Less | 11,998 | |
Maturing, After One Year But Within Five Years | 31,826 | |
Maturing, After Five Years But Within Ten Years | 20,807 | |
Maturing, After Ten Years | 32,411 | |
Securities With Variable Monthly Payments or Noncontractual Maturities | 0 | |
Amortized Cost | 97,042 | 122,023 |
Debt Securities, Available-for-sale, Maturity, Fair Value, Rolling Maturity [Abstract] | ||
Total, Fair value | 89,773 | 117,512 |
Auction rate money market preferred [Member] | ||
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract] | ||
Maturing, Due in One Year or Less | 0 | |
Maturing, After One Year But Within Five Years | 0 | |
Maturing, After Five Years But Within Ten Years | 0 | |
Maturing, After Ten Years | 0 | |
Securities With Variable Monthly Payments or Noncontractual Maturities | 3,200 | |
Amortized Cost | 3,200 | 3,200 |
Debt Securities, Available-for-sale, Maturity, Fair Value, Rolling Maturity [Abstract] | ||
Total, Fair value | 2,570 | 2,342 |
Mortgage-backed securities [Member] | ||
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract] | ||
Maturing, Due in One Year or Less | 0 | |
Maturing, After One Year But Within Five Years | 0 | |
Maturing, After Five Years But Within Ten Years | 0 | |
Maturing, After Ten Years | 0 | |
Securities With Variable Monthly Payments or Noncontractual Maturities | 36,927 | |
Amortized Cost | 36,927 | 42,309 |
Debt Securities, Available-for-sale, Maturity, Fair Value, Rolling Maturity [Abstract] | ||
Total, Fair value | 32,923 | 39,070 |
Collateralized mortgage obligations [Member] | ||
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract] | ||
Maturing, Due in One Year or Less | 0 | |
Maturing, After One Year But Within Five Years | 0 | |
Maturing, After Five Years But Within Ten Years | 0 | |
Maturing, After Ten Years | 0 | |
Securities With Variable Monthly Payments or Noncontractual Maturities | 191,187 | |
Amortized Cost | 191,187 | 218,301 |
Debt Securities, Available-for-sale, Maturity, Fair Value, Rolling Maturity [Abstract] | ||
Total, Fair value | 175,630 | 205,728 |
Corporate Debt Securities | ||
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract] | ||
Maturing, Due in One Year or Less | 0 | |
Maturing, After One Year But Within Five Years | 0 | |
Maturing, After Five Years But Within Ten Years | 8,150 | |
Maturing, After Ten Years | 0 | |
Securities With Variable Monthly Payments or Noncontractual Maturities | 0 | |
Amortized Cost | 8,150 | 8,150 |
Debt Securities, Available-for-sale, Maturity, Fair Value, Rolling Maturity [Abstract] | ||
Total, Fair value | 6,819 | 7,128 |
US Treasury Securities | ||
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract] | ||
Maturing, Due in One Year or Less | 0 | |
Maturing, After One Year But Within Five Years | 231,318 | |
Maturing, After Five Years But Within Ten Years | 0 | |
Maturing, After Ten Years | 0 | |
Securities With Variable Monthly Payments or Noncontractual Maturities | 0 | |
Amortized Cost | 231,318 | 231,622 |
Debt Securities, Available-for-sale, Maturity, Fair Value, Rolling Maturity [Abstract] | ||
Total, Fair value | $ 209,182 | $ 208,701 |
AFS Securities (Activity related to sales of AFS securities) (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
|
Investments, Debt and Equity Securities [Abstract] | ||||
Proceeds from sales of AFS of securities | $ 0 | $ 0 | $ 18,089 | $ 0 |
Debt Securities, Available-for-sale, Realized Gain (Loss) | 0 | 0 | 67 | 0 |
Applicable income tax expense | $ 0 | $ 0 | $ 14 | $ 0 |
AFS Securities (AFS securities with gross unrealized losses) (Details) $ in Thousands |
Sep. 30, 2023
USD ($)
Securities
|
Dec. 31, 2022
USD ($)
Securities
|
---|---|---|
Debt Securities, Available-for-sale [Line Items] | ||
Gross Unrealized Losses, Less Than Twelve Months | $ 1,257 | $ 19,424 |
Fair Value, Less Than Twelve Months | 28,874 | 306,799 |
Gross Unrealized Losses, Twelve Months or More | 50,020 | 26,092 |
Fair Value, Twelve Months or More | 475,904 | 244,918 |
Total Unrealized Losses | $ 51,277 | $ 45,516 |
Number of Securities in an unrealized loss position, Less Than Twelve Months, Fair Value | Securities | 67 | 178 |
Number of Securities in an unrealized loss position, Twelve Months or More, Fair Value | Securities | 400 | 266 |
Number of Securities in an unrealized loss position, Total Unrealized Losses | Securities | 467 | 444 |
States and political subdivisions [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Gross Unrealized Losses, Less Than Twelve Months | $ 962 | $ 2,389 |
Fair Value, Less Than Twelve Months | 24,474 | 48,083 |
Gross Unrealized Losses, Twelve Months or More | 6,657 | 2,514 |
Fair Value, Twelve Months or More | 53,180 | 40,667 |
Total Unrealized Losses | 7,619 | 4,903 |
Auction rate money market preferred [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Gross Unrealized Losses, Less Than Twelve Months | 0 | 0 |
Fair Value, Less Than Twelve Months | 0 | 0 |
Gross Unrealized Losses, Twelve Months or More | 630 | 858 |
Fair Value, Twelve Months or More | 2,570 | 2,342 |
Total Unrealized Losses | 630 | 858 |
Collateralized mortgage obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Gross Unrealized Losses, Less Than Twelve Months | 294 | 12,408 |
Fair Value, Less Than Twelve Months | 4,362 | 201,315 |
Gross Unrealized Losses, Twelve Months or More | 15,263 | 165 |
Fair Value, Twelve Months or More | 171,268 | 4,411 |
Total Unrealized Losses | 15,557 | 12,573 |
US Treasury Securities | ||
Debt Securities, Available-for-sale [Line Items] | ||
Gross Unrealized Losses, Less Than Twelve Months | 0 | 1,388 |
Fair Value, Less Than Twelve Months | 0 | 18,331 |
Gross Unrealized Losses, Twelve Months or More | 22,136 | 21,533 |
Fair Value, Twelve Months or More | 209,182 | 190,370 |
Total Unrealized Losses | 22,136 | 22,921 |
Corporate Debt Securities | ||
Debt Securities, Available-for-sale [Line Items] | ||
Gross Unrealized Losses, Less Than Twelve Months | 0 | 0 |
Fair Value, Less Than Twelve Months | 0 | 0 |
Gross Unrealized Losses, Twelve Months or More | 1,331 | 1,022 |
Fair Value, Twelve Months or More | 6,819 | 7,128 |
Total Unrealized Losses | 1,331 | 1,022 |
Mortgage Backed Securities, Other [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Gross Unrealized Losses, Less Than Twelve Months | 1 | 3,239 |
Fair Value, Less Than Twelve Months | 38 | 39,070 |
Gross Unrealized Losses, Twelve Months or More | 4,003 | 0 |
Fair Value, Twelve Months or More | 32,885 | 0 |
Total Unrealized Losses | $ 4,004 | $ 3,239 |
Loans and ACL (Summary of Loan Composition) (Details) $ in Thousands |
Sep. 30, 2023
USD ($)
|
Dec. 31, 2022
USD ($)
|
---|---|---|
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 1,334,674 | $ 1,264,173 |
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 1.0000 | 1.0000 |
Commercial and Industrial, Secured, Portfolio Segment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 176,887 | $ 161,895 |
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 0.1324 | 0.1280 |
Commercial and Industrial, Unsecured, Portfolio Segment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 18,927 | $ 16,533 |
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 0.0142 | 0.0131 |
Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 195,814 | $ 178,428 |
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 0.1466 | 0.1411 |
Commercial Real Estate, Owner Occupied, Portfolio Segment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 183,497 | $ 192,117 |
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 0.1375 | 0.1520 |
Commercial Real Estate, Non-owner Occupied | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 216,675 | $ 204,091 |
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 0.1623 | 0.1614 |
Commercial Real Estate, 1-4 Family Investor, Portfolio Segment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 88,150 | $ 85,278 |
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 0.0660 | 0.0675 |
Commercial Real Estate, Multifamily, Portfolio Segment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 78,317 | $ 84,526 |
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 0.0587 | 0.0669 |
Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 566,639 | $ 566,012 |
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 0.4245 | 0.4478 |
Commercial Advances to Mortgage Brokers Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 24,807 | $ 0 |
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 0.0186 | 0 |
Agricultural Mortgage, Portfolio Segment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 69,930 | $ 73,002 |
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 0.0524 | 0.0577 |
Agricultural Other Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 29,303 | $ 31,983 |
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 0.0220 | 0.0253 |
Agricultural [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 99,233 | $ 104,985 |
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 0.0744 | 0.0830 |
Residential Real Estate, Senior Lien, Portfolio Segment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 306,054 | $ 300,225 |
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 0.2293 | 0.2375 |
Residential Real Estate, Junior Lien, Portfolio Segment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 5,501 | $ 3,282 |
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 0.0041 | 0.0026 |
Residential Real Estate, Home Equity Lines of Credit, Portfolio Segment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 36,641 | $ 33,187 |
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 0.0275 | 0.0263 |
Residential Mortgage | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 348,196 | $ 336,694 |
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 0.2609 | 0.2664 |
Consumer, Secured, Direct, Portfolio Segment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 38,029 | $ 37,127 |
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 0.0285 | 0.0294 |
Consumer, Secured, Indirect, Portfolio Segment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 58,660 | $ 37,814 |
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 0.0440 | 0.0298 |
Consumer, Unsecured, Portfolio Segment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 3,296 | $ 3,113 |
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 0.0025 | 0.0025 |
Consumer Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 99,985 | $ 78,054 |
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 0.0750 | 0.0617 |
Loans and ACL (Summary of Nonaccrual Loans With No ACL) (Details) - USD ($) $ in Thousands |
Sep. 30, 2023 |
Dec. 31, 2022 |
---|---|---|
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest | $ 520 | $ 457 |
Financing Receivable, Nonaccrual, No Allowance | 520 | 437 |
Commercial and Industrial, Secured, Portfolio Segment | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest | 17 | 22 |
Financing Receivable, Nonaccrual, No Allowance | 17 | 22 |
Commercial Real Estate, 1-4 Family Investor, Portfolio Segment | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest | 0 | 74 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 74 |
Agricultural Mortgage, Portfolio Segment | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest | 41 | 67 |
Financing Receivable, Nonaccrual, No Allowance | 41 | 67 |
Agricultural Other Portfolio Segment [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest | 167 | 167 |
Financing Receivable, Nonaccrual, No Allowance | 167 | 167 |
Residential, Senior Liens, Financing Receivable [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest | 295 | 127 |
Financing Receivable, Nonaccrual, No Allowance | $ 295 | $ 107 |
Loans and ACL (Past due and current loans) (Details) - USD ($) $ in Thousands |
Sep. 30, 2023 |
Dec. 31, 2022 |
---|---|---|
Financing Receivable, Past Due [Line Items] | ||
Total | $ 1,264,173 | |
Loans and Leases Receivable, Gross | $ 1,334,674 | 1,264,173 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Total commercial [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 744,440 | |
Loans and Leases Receivable, Gross | 195,814 | 178,428 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Commercial and Industrial, Secured, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 176,887 | 161,895 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Commercial and Industrial, Unsecured, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 18,927 | 16,533 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Commercial Real Estate | ||
Financing Receivable, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 566,639 | 566,012 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Commercial Real Estate, Owner Occupied, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 183,497 | 192,117 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Commercial Real Estate, Non-owner Occupied | ||
Financing Receivable, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 216,675 | 204,091 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Commercial Real Estate, 1-4 Family Investor, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 88,150 | 85,278 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Commercial Real Estate, Multifamily, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 78,317 | 84,526 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Commercial Advances to Mortgage Brokers Segment [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 24,807 | 0 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Total agricultural [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 104,985 | |
Loans and Leases Receivable, Gross | 99,233 | 104,985 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Agricultural Mortgage, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 69,930 | 73,002 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Agricultural other [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 31,983 | |
Loans and Leases Receivable, Gross | 29,303 | 31,983 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Residential Mortgage | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 336,694 | |
Loans and Leases Receivable, Gross | 348,196 | 336,694 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Residential Real Estate, Senior Lien, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 306,054 | 300,225 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Residential Real Estate, Junior Lien, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 5,501 | 3,282 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Residential Real Estate, Home Equity Lines of Credit, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 36,641 | 33,187 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Total Consumer [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 78,054 | |
Loans and Leases Receivable, Gross | 99,985 | 78,054 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Consumer, Secured, Direct, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 38,029 | 37,127 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Consumer, Secured, Indirect, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 58,660 | 37,814 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Consumer, Unsecured, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 3,296 | 3,113 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 418 | 7,951 |
Financial Asset, 30 to 59 Days Past Due [Member] | Total commercial [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 190 | 536 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial and Industrial, Secured, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 180 | 536 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial and Industrial, Unsecured, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 10 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 4,302 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate, Owner Occupied, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 94 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate, Non-owner Occupied | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 4,208 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate, 1-4 Family Investor, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate, Multifamily, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Advances to Mortgage Brokers Segment [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Total agricultural [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 10 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Agricultural Mortgage, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Agricultural other [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 10 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Residential Mortgage | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 185 | 3,063 |
Financial Asset, 30 to 59 Days Past Due [Member] | Residential Real Estate, Senior Lien, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 185 | 3,025 |
Financial Asset, 30 to 59 Days Past Due [Member] | Residential Real Estate, Junior Lien, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Residential Real Estate, Home Equity Lines of Credit, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 38 |
Financial Asset, 30 to 59 Days Past Due [Member] | Total Consumer [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 33 | 50 |
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer, Secured, Direct, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 7 | 1 |
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer, Secured, Indirect, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 17 | 45 |
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer, Unsecured, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 9 | 4 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 425 | 2,803 |
Financial Asset, 60 to 89 Days Past Due [Member] | Total commercial [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial and Industrial, Secured, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial and Industrial, Unsecured, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 2,570 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate, Owner Occupied, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate, Non-owner Occupied | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 2,570 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate, 1-4 Family Investor, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate, Multifamily, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Advances to Mortgage Brokers Segment [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Total agricultural [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Agricultural Mortgage, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Agricultural other [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Residential Mortgage | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 405 | 225 |
Financial Asset, 60 to 89 Days Past Due [Member] | Residential Real Estate, Senior Lien, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 405 | 225 |
Financial Asset, 60 to 89 Days Past Due [Member] | Residential Real Estate, Junior Lien, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Residential Real Estate, Home Equity Lines of Credit, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Total Consumer [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 20 | 8 |
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer, Secured, Direct, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 12 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer, Secured, Indirect, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 8 | 8 |
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer, Unsecured, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 148 | 14 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Total commercial [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 17 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial and Industrial, Secured, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 17 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial and Industrial, Unsecured, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial Real Estate | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 14 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial Real Estate, Owner Occupied, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial Real Estate, Non-owner Occupied | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial Real Estate, 1-4 Family Investor, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 14 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial Real Estate, Multifamily, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial Advances to Mortgage Brokers Segment [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Total agricultural [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Agricultural Mortgage, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Agricultural other [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Residential Mortgage | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 131 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Residential Real Estate, Senior Lien, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 131 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Residential Real Estate, Junior Lien, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Residential Real Estate, Home Equity Lines of Credit, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Total Consumer [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Consumer, Secured, Direct, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Consumer, Secured, Indirect, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Consumer, Unsecured, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 0 | 0 |
Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 1,333,683 | 1,253,405 |
Financial Asset, Not Past Due | Total commercial [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 195,607 | 177,892 |
Financial Asset, Not Past Due | Commercial and Industrial, Secured, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 176,690 | 161,359 |
Financial Asset, Not Past Due | Commercial and Industrial, Unsecured, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 18,917 | 16,533 |
Financial Asset, Not Past Due | Commercial Real Estate | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 566,639 | 559,126 |
Financial Asset, Not Past Due | Commercial Real Estate, Owner Occupied, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 183,497 | 192,023 |
Financial Asset, Not Past Due | Commercial Real Estate, Non-owner Occupied | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 216,675 | 197,313 |
Financial Asset, Not Past Due | Commercial Real Estate, 1-4 Family Investor, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 88,150 | 85,264 |
Financial Asset, Not Past Due | Commercial Real Estate, Multifamily, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 78,317 | 84,526 |
Financial Asset, Not Past Due | Commercial Advances to Mortgage Brokers Segment [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 24,807 | 0 |
Financial Asset, Not Past Due | Total agricultural [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 99,223 | 104,985 |
Financial Asset, Not Past Due | Agricultural Mortgage, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 69,930 | 73,002 |
Financial Asset, Not Past Due | Agricultural other [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 29,293 | 31,983 |
Financial Asset, Not Past Due | Residential Mortgage | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 347,475 | 333,406 |
Financial Asset, Not Past Due | Residential Real Estate, Senior Lien, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 305,333 | 296,975 |
Financial Asset, Not Past Due | Residential Real Estate, Junior Lien, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 5,501 | 3,282 |
Financial Asset, Not Past Due | Residential Real Estate, Home Equity Lines of Credit, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 36,641 | 33,149 |
Financial Asset, Not Past Due | Total Consumer [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 99,932 | 77,996 |
Financial Asset, Not Past Due | Consumer, Secured, Direct, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 38,010 | 37,126 |
Financial Asset, Not Past Due | Consumer, Secured, Indirect, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 58,635 | 37,761 |
Financial Asset, Not Past Due | Consumer, Unsecured, Portfolio Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Total | $ 3,287 | $ 3,109 |
Loans and ACL (Summary of Credit Quality Indicators by Year of Origination) (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
Dec. 31, 2022 |
|
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans and Leases Receivable, Net of Deferred Income | $ 1,334,674 | $ 1,334,674 | $ 1,264,173 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 179 | $ 173 | 372 | $ 370 | |
Commercial and Industrial, Secured, Portfolio Segment | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 33,462 | 33,462 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 44,691 | 44,691 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 30,222 | 30,222 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 13,800 | 13,800 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 3,518 | 3,518 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 3,024 | 3,024 | |||
Financing Receivable, Revolving | 48,170 | 48,170 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 176,887 | 176,887 | 161,895 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Revolving, Converted to Term Loan, Writeoff | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||||
Commercial and Industrial, Secured, Portfolio Segment | Risk Rating 1-3 | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 5,410 | 5,410 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 4,336 | 4,336 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 5,991 | 5,991 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 7,221 | 7,221 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 533 | 533 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 972 | 972 | |||
Financing Receivable, Revolving | 13,179 | 13,179 | |||
Loans and Leases Receivable, Net of Deferred Income | 37,642 | 37,642 | |||
Commercial and Industrial, Secured, Portfolio Segment | Risk Rating 1-3 | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial and Industrial, Secured, Portfolio Segment | Low Satisfactory Rating [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 26,976 | 26,976 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 37,506 | 37,506 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 23,971 | 23,971 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 5,991 | 5,991 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 2,831 | 2,831 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1,788 | 1,788 | |||
Financing Receivable, Revolving | 30,522 | 30,522 | |||
Loans and Leases Receivable, Net of Deferred Income | 129,585 | 129,585 | |||
Commercial and Industrial, Secured, Portfolio Segment | Low Satisfactory Rating [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial and Industrial, Secured, Portfolio Segment | Special Mention [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 411 | 411 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 2,849 | 2,849 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 252 | 252 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 338 | 338 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 141 | 141 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 114 | 114 | |||
Financing Receivable, Revolving | 1,965 | 1,965 | |||
Loans and Leases Receivable, Net of Deferred Income | 6,070 | 6,070 | |||
Commercial and Industrial, Secured, Portfolio Segment | Special Mention [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial and Industrial, Secured, Portfolio Segment | Substandard [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 665 | 665 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 8 | 8 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 233 | 233 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 13 | 13 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 150 | 150 | |||
Financing Receivable, Revolving | 2,504 | 2,504 | |||
Loans and Leases Receivable, Net of Deferred Income | 3,573 | 3,573 | |||
Commercial and Industrial, Secured, Portfolio Segment | Substandard [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial and Industrial, Secured, Portfolio Segment | Vulnerable Rating [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 17 | 17 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 17 | 17 | |||
Commercial and Industrial, Secured, Portfolio Segment | Vulnerable Rating [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial and Industrial, Secured, Portfolio Segment | Doubtful [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Commercial and Industrial, Secured, Portfolio Segment | Doubtful [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial and Industrial, Secured, Portfolio Segment | 9 - Loss | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Commercial and Industrial, Secured, Portfolio Segment | 9 - Loss | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial and Industrial, Unsecured, Portfolio Segment | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 1,493 | 1,493 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 3,492 | 3,492 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 780 | 780 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 667 | 667 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 107 | 107 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 910 | 910 | |||
Financing Receivable, Revolving | 11,478 | 11,478 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 18,927 | 18,927 | 16,533 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 8 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Revolving, Writeoff | 21 | ||||
Financing Receivable, Revolving, Converted to Term Loan, Writeoff | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 29 | ||||
Commercial and Industrial, Unsecured, Portfolio Segment | Risk Rating 1-3 | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 538 | 538 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 259 | 259 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 144 | 144 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 71 | 71 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 107 | 107 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 910 | 910 | |||
Financing Receivable, Revolving | 4,435 | 4,435 | |||
Loans and Leases Receivable, Net of Deferred Income | 6,464 | 6,464 | |||
Commercial and Industrial, Unsecured, Portfolio Segment | Risk Rating 1-3 | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial and Industrial, Unsecured, Portfolio Segment | Low Satisfactory Rating [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 955 | 955 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 3,200 | 3,200 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 636 | 636 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 596 | 596 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 7,012 | 7,012 | |||
Loans and Leases Receivable, Net of Deferred Income | 12,399 | 12,399 | |||
Commercial and Industrial, Unsecured, Portfolio Segment | Low Satisfactory Rating [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial and Industrial, Unsecured, Portfolio Segment | Special Mention [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 33 | 33 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 31 | 31 | |||
Loans and Leases Receivable, Net of Deferred Income | 64 | 64 | |||
Commercial and Industrial, Unsecured, Portfolio Segment | Special Mention [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial and Industrial, Unsecured, Portfolio Segment | Substandard [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Commercial and Industrial, Unsecured, Portfolio Segment | Substandard [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial and Industrial, Unsecured, Portfolio Segment | Vulnerable Rating [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Commercial and Industrial, Unsecured, Portfolio Segment | Vulnerable Rating [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial and Industrial, Unsecured, Portfolio Segment | Doubtful [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Commercial and Industrial, Unsecured, Portfolio Segment | Doubtful [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial and Industrial, Unsecured, Portfolio Segment | 9 - Loss | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Commercial and Industrial, Unsecured, Portfolio Segment | 9 - Loss | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, Owner Occupied, Portfolio Segment | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 15,656 | 15,656 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 36,750 | 36,750 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 53,907 | 53,907 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 29,517 | 29,517 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 18,548 | 18,548 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 26,843 | 26,843 | |||
Financing Receivable, Revolving | 2,276 | 2,276 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 183,497 | 183,497 | 192,117 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Revolving, Converted to Term Loan, Writeoff | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||||
Commercial Real Estate, Owner Occupied, Portfolio Segment | Risk Rating 1-3 | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 3,403 | 3,403 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1,746 | 1,746 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 12,878 | 12,878 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 14,429 | 14,429 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 926 | 926 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 3,376 | 3,376 | |||
Financing Receivable, Revolving | 73 | 73 | |||
Loans and Leases Receivable, Net of Deferred Income | 36,831 | 36,831 | |||
Commercial Real Estate, Owner Occupied, Portfolio Segment | Risk Rating 1-3 | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, Owner Occupied, Portfolio Segment | Low Satisfactory Rating [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 10,764 | 10,764 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 34,268 | 34,268 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 39,950 | 39,950 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 14,627 | 14,627 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 13,741 | 13,741 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 20,944 | 20,944 | |||
Financing Receivable, Revolving | 1,806 | 1,806 | |||
Loans and Leases Receivable, Net of Deferred Income | 136,100 | 136,100 | |||
Commercial Real Estate, Owner Occupied, Portfolio Segment | Low Satisfactory Rating [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, Owner Occupied, Portfolio Segment | Special Mention [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 1,489 | 1,489 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 736 | 736 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 197 | 197 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 225 | 225 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 3,881 | 3,881 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1,975 | 1,975 | |||
Financing Receivable, Revolving | 397 | 397 | |||
Loans and Leases Receivable, Net of Deferred Income | 8,900 | 8,900 | |||
Commercial Real Estate, Owner Occupied, Portfolio Segment | Special Mention [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, Owner Occupied, Portfolio Segment | Substandard [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 882 | 882 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 236 | 236 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 548 | 548 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 1,666 | 1,666 | |||
Commercial Real Estate, Owner Occupied, Portfolio Segment | Substandard [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, Owner Occupied, Portfolio Segment | Vulnerable Rating [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Commercial Real Estate, Owner Occupied, Portfolio Segment | Vulnerable Rating [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, Owner Occupied, Portfolio Segment | Doubtful [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Commercial Real Estate, Owner Occupied, Portfolio Segment | Doubtful [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, Owner Occupied, Portfolio Segment | 9 - Loss | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Commercial Real Estate, Owner Occupied, Portfolio Segment | 9 - Loss | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, Non-owner Occupied | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 28,980 | 28,980 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 66,789 | 66,789 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 50,408 | 50,408 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 13,242 | 13,242 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 7,884 | 7,884 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 48,805 | 48,805 | |||
Financing Receivable, Revolving | 567 | 567 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 216,675 | 216,675 | 204,091 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Revolving, Converted to Term Loan, Writeoff | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||||
Commercial Real Estate, Non-owner Occupied | Risk Rating 1-3 | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 71 | 71 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 4,425 | 4,425 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 6,554 | 6,554 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 877 | 877 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 178 | 178 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1,797 | 1,797 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 13,902 | 13,902 | |||
Commercial Real Estate, Non-owner Occupied | Risk Rating 1-3 | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, Non-owner Occupied | Low Satisfactory Rating [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 27,875 | 27,875 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 62,364 | 62,364 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 37,957 | 37,957 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 12,309 | 12,309 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 7,706 | 7,706 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 43,478 | 43,478 | |||
Financing Receivable, Revolving | 567 | 567 | |||
Loans and Leases Receivable, Net of Deferred Income | 192,256 | 192,256 | |||
Commercial Real Estate, Non-owner Occupied | Low Satisfactory Rating [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, Non-owner Occupied | Special Mention [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 5,897 | 5,897 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 3,530 | 3,530 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 9,427 | 9,427 | |||
Commercial Real Estate, Non-owner Occupied | Special Mention [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, Non-owner Occupied | Substandard [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 1,034 | 1,034 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 56 | 56 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 1,090 | 1,090 | |||
Commercial Real Estate, Non-owner Occupied | Substandard [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, Non-owner Occupied | Vulnerable Rating [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Commercial Real Estate, Non-owner Occupied | Vulnerable Rating [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, Non-owner Occupied | Doubtful [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Commercial Real Estate, Non-owner Occupied | Doubtful [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, Non-owner Occupied | 9 - Loss | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Commercial Real Estate, Non-owner Occupied | 9 - Loss | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, 1-4 Family Investor, Portfolio Segment | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 9,696 | 9,696 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 14,333 | 14,333 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 31,987 | 31,987 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 16,320 | 16,320 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 3,949 | 3,949 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 5,247 | 5,247 | |||
Financing Receivable, Revolving | 6,618 | 6,618 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 88,150 | 88,150 | 85,278 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Revolving, Converted to Term Loan, Writeoff | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||||
Commercial Real Estate, 1-4 Family Investor, Portfolio Segment | Risk Rating 1-3 | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 139 | 139 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1,558 | 1,558 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 881 | 881 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 916 | 916 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 675 | 675 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1,020 | 1,020 | |||
Financing Receivable, Revolving | 1,205 | 1,205 | |||
Loans and Leases Receivable, Net of Deferred Income | 6,394 | 6,394 | |||
Commercial Real Estate, 1-4 Family Investor, Portfolio Segment | Risk Rating 1-3 | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, 1-4 Family Investor, Portfolio Segment | Low Satisfactory Rating [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 8,844 | 8,844 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 12,417 | 12,417 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 31,029 | 31,029 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 15,404 | 15,404 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 3,157 | 3,157 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 4,215 | 4,215 | |||
Financing Receivable, Revolving | 5,413 | 5,413 | |||
Loans and Leases Receivable, Net of Deferred Income | 80,479 | 80,479 | |||
Commercial Real Estate, 1-4 Family Investor, Portfolio Segment | Low Satisfactory Rating [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, 1-4 Family Investor, Portfolio Segment | Special Mention [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 154 | 154 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 358 | 358 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 77 | 77 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 56 | 56 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 645 | 645 | |||
Commercial Real Estate, 1-4 Family Investor, Portfolio Segment | Special Mention [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, 1-4 Family Investor, Portfolio Segment | Substandard [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 559 | 559 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 61 | 61 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 12 | 12 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 632 | 632 | |||
Commercial Real Estate, 1-4 Family Investor, Portfolio Segment | Substandard [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, 1-4 Family Investor, Portfolio Segment | Vulnerable Rating [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Commercial Real Estate, 1-4 Family Investor, Portfolio Segment | Vulnerable Rating [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, 1-4 Family Investor, Portfolio Segment | Doubtful [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Commercial Real Estate, 1-4 Family Investor, Portfolio Segment | Doubtful [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, 1-4 Family Investor, Portfolio Segment | 9 - Loss | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Commercial Real Estate, 1-4 Family Investor, Portfolio Segment | 9 - Loss | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, Multifamily, Portfolio Segment | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 6,150 | 6,150 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 24,222 | 24,222 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 18,269 | 18,269 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 1,413 | 1,413 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 555 | 555 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 27,182 | 27,182 | |||
Financing Receivable, Revolving | 526 | 526 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 78,317 | 78,317 | 84,526 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Revolving, Converted to Term Loan, Writeoff | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||||
Commercial Real Estate, Multifamily, Portfolio Segment | Risk Rating 1-3 | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 4,775 | 4,775 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 4,774 | 4,774 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 2,088 | 2,088 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 573 | 573 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1,853 | 1,853 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 14,063 | 14,063 | |||
Commercial Real Estate, Multifamily, Portfolio Segment | Risk Rating 1-3 | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, Multifamily, Portfolio Segment | Low Satisfactory Rating [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 1,375 | 1,375 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 19,448 | 19,448 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 16,146 | 16,146 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 824 | 824 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 555 | 555 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 21,994 | 21,994 | |||
Financing Receivable, Revolving | 526 | 526 | |||
Loans and Leases Receivable, Net of Deferred Income | 60,868 | 60,868 | |||
Commercial Real Estate, Multifamily, Portfolio Segment | Low Satisfactory Rating [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, Multifamily, Portfolio Segment | Special Mention [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 16 | 16 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 16 | 16 | |||
Commercial Real Estate, Multifamily, Portfolio Segment | Special Mention [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, Multifamily, Portfolio Segment | Substandard [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 35 | 35 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 3,335 | 3,335 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 3,370 | 3,370 | |||
Commercial Real Estate, Multifamily, Portfolio Segment | Substandard [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, Multifamily, Portfolio Segment | Vulnerable Rating [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Commercial Real Estate, Multifamily, Portfolio Segment | Vulnerable Rating [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, Multifamily, Portfolio Segment | Doubtful [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Commercial Real Estate, Multifamily, Portfolio Segment | Doubtful [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Real Estate, Multifamily, Portfolio Segment | 9 - Loss | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Commercial Real Estate, Multifamily, Portfolio Segment | 9 - Loss | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Commercial Advances to Mortgage Brokers Segment [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans and Leases Receivable, Net of Deferred Income | 24,807 | 24,807 | 0 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Revolving, Converted to Term Loan, Writeoff | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||||
Commercial Advances to Mortgage Brokers Segment [Member] | Risk Rating 1-3 | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 24,807 | 24,807 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 24,807 | 24,807 | |||
Commercial Advances to Mortgage Brokers Segment [Member] | Risk Rating 1-3 | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Agricultural Mortgage, Portfolio Segment | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 6,660 | 6,660 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 20,290 | 20,290 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 16,310 | 16,310 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 9,556 | 9,556 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 4,791 | 4,791 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 11,169 | 11,169 | |||
Financing Receivable, Revolving | 1,154 | 1,154 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 69,930 | 69,930 | 73,002 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 4 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Revolving, Converted to Term Loan, Writeoff | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 4 | ||||
Agricultural Mortgage, Portfolio Segment | Risk Rating 1-3 | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 292 | 292 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 2,859 | 2,859 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 1,171 | 1,171 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 2,816 | 2,816 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 611 | 611 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1,250 | 1,250 | |||
Financing Receivable, Revolving | 85 | 85 | |||
Loans and Leases Receivable, Net of Deferred Income | 9,084 | 9,084 | |||
Agricultural Mortgage, Portfolio Segment | Risk Rating 1-3 | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Agricultural Mortgage, Portfolio Segment | Low Satisfactory Rating [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 5,391 | 5,391 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 13,054 | 13,054 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 9,236 | 9,236 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 6,038 | 6,038 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 3,995 | 3,995 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 8,042 | 8,042 | |||
Financing Receivable, Revolving | 833 | 833 | |||
Loans and Leases Receivable, Net of Deferred Income | 46,589 | 46,589 | |||
Agricultural Mortgage, Portfolio Segment | Low Satisfactory Rating [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Agricultural Mortgage, Portfolio Segment | Special Mention [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 126 | 126 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 4,377 | 4,377 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 5,903 | 5,903 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 702 | 702 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 185 | 185 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 60 | 60 | |||
Financing Receivable, Revolving | 236 | 236 | |||
Loans and Leases Receivable, Net of Deferred Income | 11,589 | 11,589 | |||
Agricultural Mortgage, Portfolio Segment | Special Mention [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Agricultural Mortgage, Portfolio Segment | Substandard [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 851 | 851 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1,776 | 1,776 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 2,627 | 2,627 | |||
Agricultural Mortgage, Portfolio Segment | Substandard [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Agricultural Mortgage, Portfolio Segment | Vulnerable Rating [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 41 | 41 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 41 | 41 | |||
Agricultural Mortgage, Portfolio Segment | Vulnerable Rating [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Agricultural Mortgage, Portfolio Segment | Doubtful [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Agricultural Mortgage, Portfolio Segment | Doubtful [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Agricultural Mortgage, Portfolio Segment | 9 - Loss | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Agricultural Mortgage, Portfolio Segment | 9 - Loss | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Agricultural Other Portfolio Segment [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 2,721 | 2,721 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 2,801 | 2,801 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 2,738 | 2,738 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 1,231 | 1,231 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 426 | 426 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 851 | 851 | |||
Financing Receivable, Revolving | 18,535 | 18,535 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 29,303 | 29,303 | 31,983 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Revolving, Converted to Term Loan, Writeoff | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||||
Agricultural Other Portfolio Segment [Member] | Risk Rating 1-3 | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 617 | 617 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 81 | 81 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 121 | 121 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 40 | 40 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 268 | 268 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 151 | 151 | |||
Financing Receivable, Revolving | 739 | 739 | |||
Loans and Leases Receivable, Net of Deferred Income | 2,017 | 2,017 | |||
Agricultural Other Portfolio Segment [Member] | Risk Rating 1-3 | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Agricultural Other Portfolio Segment [Member] | Low Satisfactory Rating [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 1,380 | 1,380 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 2,711 | 2,711 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 2,415 | 2,415 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 684 | 684 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 158 | 158 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 77 | 77 | |||
Financing Receivable, Revolving | 14,958 | 14,958 | |||
Loans and Leases Receivable, Net of Deferred Income | 22,383 | 22,383 | |||
Agricultural Other Portfolio Segment [Member] | Low Satisfactory Rating [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Agricultural Other Portfolio Segment [Member] | Special Mention [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 724 | 724 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 9 | 9 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 168 | 168 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 507 | 507 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 623 | 623 | |||
Financing Receivable, Revolving | 2,422 | 2,422 | |||
Loans and Leases Receivable, Net of Deferred Income | 4,453 | 4,453 | |||
Agricultural Other Portfolio Segment [Member] | Special Mention [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Agricultural Other Portfolio Segment [Member] | Substandard [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 34 | 34 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 249 | 249 | |||
Loans and Leases Receivable, Net of Deferred Income | 283 | 283 | |||
Agricultural Other Portfolio Segment [Member] | Substandard [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Agricultural Other Portfolio Segment [Member] | Vulnerable Rating [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 167 | 167 | |||
Loans and Leases Receivable, Net of Deferred Income | 167 | 167 | |||
Agricultural Other Portfolio Segment [Member] | Vulnerable Rating [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Agricultural Other Portfolio Segment [Member] | Doubtful [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Agricultural Other Portfolio Segment [Member] | Doubtful [Member] | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Agricultural Other Portfolio Segment [Member] | 9 - Loss | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Agricultural Other Portfolio Segment [Member] | 9 - Loss | Revolving Loans Converted to Term | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Residential Real Estate, Senior Lien, Portfolio Segment | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 32,198 | 32,198 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 54,084 | 54,084 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 82,460 | 82,460 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 53,919 | 53,919 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 24,468 | 24,468 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 58,925 | 58,925 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 306,054 | 306,054 | 300,225 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 2 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Revolving, Converted to Term Loan, Writeoff | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 2 | ||||
Residential Real Estate, Senior Lien, Portfolio Segment | Nonperforming Financial Instruments | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 51 | 51 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 31 | 31 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 213 | 213 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 295 | 295 | |||
Residential Real Estate, Senior Lien, Portfolio Segment | Financial Assets, 30 to 89 Days Past Due | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 189 | 189 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 272 | 272 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 461 | 461 | |||
Residential Real Estate, Senior Lien, Portfolio Segment | Financial Asset, Equal to or Greater than 90 Days Past Due | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Residential Real Estate, Senior Lien, Portfolio Segment | Financial Asset, Not Past Due | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 32,147 | 32,147 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 54,084 | 54,084 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 82,460 | 82,460 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 53,888 | 53,888 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 24,279 | 24,279 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 58,440 | 58,440 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 305,298 | 305,298 | |||
Residential Real Estate, Junior Lien, Portfolio Segment | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 3,097 | 3,097 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1,406 | 1,406 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 190 | 190 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 141 | 141 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 176 | 176 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 491 | 491 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 5,501 | 5,501 | 3,282 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Revolving, Converted to Term Loan, Writeoff | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||||
Residential Real Estate, Junior Lien, Portfolio Segment | Nonperforming Financial Instruments | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Residential Real Estate, Junior Lien, Portfolio Segment | Financial Assets, 30 to 89 Days Past Due | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Residential Real Estate, Junior Lien, Portfolio Segment | Financial Asset, Equal to or Greater than 90 Days Past Due | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Residential Real Estate, Junior Lien, Portfolio Segment | Financial Asset, Not Past Due | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 3,097 | 3,097 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1,406 | 1,406 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 190 | 190 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 141 | 141 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 176 | 176 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 491 | 491 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 5,501 | 5,501 | |||
Residential Real Estate, Home Equity Lines of Credit, Portfolio Segment | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 36,641 | 36,641 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 36,641 | 36,641 | 33,187 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Revolving, Converted to Term Loan, Writeoff | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||||
Residential Real Estate, Home Equity Lines of Credit, Portfolio Segment | Nonperforming Financial Instruments | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Residential Real Estate, Home Equity Lines of Credit, Portfolio Segment | Financial Assets, 30 to 89 Days Past Due | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Residential Real Estate, Home Equity Lines of Credit, Portfolio Segment | Financial Asset, Equal to or Greater than 90 Days Past Due | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Residential Real Estate, Home Equity Lines of Credit, Portfolio Segment | Financial Asset, Not Past Due | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 36,641 | 36,641 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 36,641 | 36,641 | |||
Consumer, Secured, Direct, Portfolio Segment | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 12,644 | 12,644 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 10,739 | 10,739 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 7,123 | 7,123 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 3,926 | 3,926 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 1,966 | 1,966 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1,631 | 1,631 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 38,029 | 38,029 | 37,127 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 31 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 12 | ||||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 5 | ||||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Revolving, Converted to Term Loan, Writeoff | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 48 | ||||
Consumer, Secured, Direct, Portfolio Segment | Nonperforming Financial Instruments | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Consumer, Secured, Direct, Portfolio Segment | Financial Assets, 30 to 89 Days Past Due | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 12 | 12 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 7 | 7 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 19 | 19 | |||
Consumer, Secured, Direct, Portfolio Segment | Financial Asset, Equal to or Greater than 90 Days Past Due | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Consumer, Secured, Direct, Portfolio Segment | Financial Asset, Not Past Due | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 12,632 | 12,632 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 10,739 | 10,739 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 7,116 | 7,116 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 3,926 | 3,926 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 1,966 | 1,966 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1,631 | 1,631 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 38,010 | 38,010 | |||
Consumer, Secured, Indirect, Portfolio Segment | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 27,842 | 27,842 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 12,031 | 12,031 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 7,458 | 7,458 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 5,704 | 5,704 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 2,217 | 2,217 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 3,408 | 3,408 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 58,660 | 58,660 | 37,814 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Revolving, Converted to Term Loan, Writeoff | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||||
Consumer, Secured, Indirect, Portfolio Segment | Nonperforming Financial Instruments | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Consumer, Secured, Indirect, Portfolio Segment | Financial Assets, 30 to 89 Days Past Due | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 1 | 1 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 12 | 12 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 7 | 7 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 5 | 5 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 25 | 25 | |||
Consumer, Secured, Indirect, Portfolio Segment | Financial Asset, Equal to or Greater than 90 Days Past Due | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Consumer, Secured, Indirect, Portfolio Segment | Financial Asset, Not Past Due | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 27,842 | 27,842 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 12,031 | 12,031 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 7,457 | 7,457 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 5,692 | 5,692 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 2,210 | 2,210 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 3,403 | 3,403 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 58,635 | 58,635 | |||
Consumer, Unsecured, Portfolio Segment | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 1,385 | 1,385 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 909 | 909 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 196 | 196 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 116 | 116 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 12 | 12 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1 | 1 | |||
Financing Receivable, Revolving | 677 | 677 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 3,296 | 3,296 | $ 3,113 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 256 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 18 | ||||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 11 | ||||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 2 | ||||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 1 | ||||
Financing Receivable, Revolving, Writeoff | 1 | ||||
Financing Receivable, Revolving, Converted to Term Loan, Writeoff | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 289 | ||||
Consumer, Unsecured, Portfolio Segment | Nonperforming Financial Instruments | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Consumer, Unsecured, Portfolio Segment | Financial Assets, 30 to 89 Days Past Due | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 3 | 3 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 6 | 6 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 9 | 9 | |||
Consumer, Unsecured, Portfolio Segment | Financial Asset, Equal to or Greater than 90 Days Past Due | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |||
Consumer, Unsecured, Portfolio Segment | Financial Asset, Not Past Due | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year One, Originated, Current Fiscal Year | 1,385 | 1,385 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 906 | 906 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 190 | 190 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 116 | 116 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 12 | 12 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1 | 1 | |||
Financing Receivable, Revolving | 677 | 677 | |||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | $ 3,287 | $ 3,287 |
Loans and ALLL (Credit quality indicators for commercial and agricultural credit exposures) (Details) $ in Thousands |
Dec. 31, 2022
USD ($)
|
---|---|
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | $ 1,264,173 |
Total commercial [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 744,440 |
Commercial real estate [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 566,012 |
Commercial and Industrial Portfolio Segment | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 178,428 |
Total agricultural [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 104,985 |
Agricultural real estate [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 73,002 |
Agricultural other [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 31,983 |
Commercial And Agricultural Portfolio Segment [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 849,425 |
1 - Excellent [Member] | Total commercial [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 0 |
1 - Excellent [Member] | Commercial real estate [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 0 |
1 - Excellent [Member] | Commercial and Industrial Portfolio Segment | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 0 |
1 - Excellent [Member] | Total agricultural [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 0 |
1 - Excellent [Member] | Agricultural real estate [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 0 |
1 - Excellent [Member] | Agricultural other [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 0 |
1 - Excellent [Member] | Commercial And Agricultural Portfolio Segment [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 0 |
2 - High quality [Member] | Total commercial [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 13,578 |
2 - High quality [Member] | Commercial real estate [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 9,045 |
2 - High quality [Member] | Commercial and Industrial Portfolio Segment | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 4,533 |
2 - High quality [Member] | Total agricultural [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 442 |
2 - High quality [Member] | Agricultural real estate [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 342 |
2 - High quality [Member] | Agricultural other [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 100 |
2 - High quality [Member] | Commercial And Agricultural Portfolio Segment [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 14,020 |
3 - High satisfactory [Member] | Total commercial [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 104,741 |
3 - High satisfactory [Member] | Commercial real estate [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 68,133 |
3 - High satisfactory [Member] | Commercial and Industrial Portfolio Segment | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 36,608 |
3 - High satisfactory [Member] | Total agricultural [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 14,365 |
3 - High satisfactory [Member] | Agricultural real estate [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 9,757 |
3 - High satisfactory [Member] | Agricultural other [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 4,608 |
3 - High satisfactory [Member] | Commercial And Agricultural Portfolio Segment [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 119,106 |
4 - Low satisfactory [Member] | Total commercial [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 589,094 |
4 - Low satisfactory [Member] | Commercial real estate [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 462,361 |
4 - Low satisfactory [Member] | Commercial and Industrial Portfolio Segment | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 126,733 |
4 - Low satisfactory [Member] | Total agricultural [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 65,472 |
4 - Low satisfactory [Member] | Agricultural real estate [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 44,258 |
4 - Low satisfactory [Member] | Agricultural other [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 21,214 |
4 - Low satisfactory [Member] | Commercial And Agricultural Portfolio Segment [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 654,566 |
5 - Special mention [Member] | Total commercial [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 28,217 |
5 - Special mention [Member] | Commercial real estate [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 20,770 |
5 - Special mention [Member] | Commercial and Industrial Portfolio Segment | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 7,447 |
5 - Special mention [Member] | Total agricultural [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 16,896 |
5 - Special mention [Member] | Agricultural real estate [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 12,262 |
5 - Special mention [Member] | Agricultural other [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 4,634 |
5 - Special mention [Member] | Commercial And Agricultural Portfolio Segment [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 45,113 |
6 - Substandard [Member] | Total commercial [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 8,714 |
6 - Substandard [Member] | Commercial real estate [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 5,629 |
6 - Substandard [Member] | Commercial and Industrial Portfolio Segment | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 3,085 |
6 - Substandard [Member] | Total agricultural [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 7,576 |
6 - Substandard [Member] | Agricultural real estate [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 6,316 |
6 - Substandard [Member] | Agricultural other [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 1,260 |
6 - Substandard [Member] | Commercial And Agricultural Portfolio Segment [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 16,290 |
7 - Vulnerable [Member] | Total commercial [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 96 |
7 - Vulnerable [Member] | Commercial real estate [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 74 |
7 - Vulnerable [Member] | Commercial and Industrial Portfolio Segment | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 22 |
7 - Vulnerable [Member] | Total agricultural [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 234 |
7 - Vulnerable [Member] | Agricultural real estate [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 67 |
7 - Vulnerable [Member] | Agricultural other [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 167 |
7 - Vulnerable [Member] | Commercial And Agricultural Portfolio Segment [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 330 |
8 - Doubtful [Member] | Total commercial [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 0 |
8 - Doubtful [Member] | Commercial real estate [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 0 |
8 - Doubtful [Member] | Commercial and Industrial Portfolio Segment | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 0 |
8 - Doubtful [Member] | Total agricultural [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 0 |
8 - Doubtful [Member] | Agricultural real estate [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 0 |
8 - Doubtful [Member] | Agricultural other [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 0 |
8 - Doubtful [Member] | Commercial And Agricultural Portfolio Segment [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 0 |
9 - Loss | Total commercial [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 0 |
9 - Loss | Commercial real estate [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 0 |
9 - Loss | Commercial and Industrial Portfolio Segment | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 0 |
9 - Loss | Total agricultural [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 0 |
9 - Loss | Agricultural real estate [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 0 |
9 - Loss | Agricultural other [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | 0 |
9 - Loss | Commercial And Agricultural Portfolio Segment [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Total | $ 0 |
Loans and ACL (Summary of Loan Modifications by Type) (Details) $ in Thousands |
9 Months Ended |
---|---|
Sep. 30, 2023
USD ($)
| |
Extended Maturity | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable Modifications Amortized Cost | $ 1,305 |
Extended Maturity and Interest Rate Reduction | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable Modifications Amortized Cost | 28 |
Commercial Real Estate, Non-owner Occupied | Extended Maturity | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable Modifications Amortized Cost | $ 1,034 |
Financing Receivable Modification Percentage of Portfolio Segment | 0.0048 |
Commercial Real Estate, Non-owner Occupied | Extended Maturity and Interest Rate Reduction | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable Modifications Amortized Cost | $ 0 |
Financing Receivable Modification Percentage of Portfolio Segment | 0 |
Agricultural Mortgage, Portfolio Segment | Extended Maturity | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable Modifications Amortized Cost | $ 232 |
Financing Receivable Modification Percentage of Portfolio Segment | 0.0033 |
Agricultural Mortgage, Portfolio Segment | Extended Maturity and Interest Rate Reduction | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable Modifications Amortized Cost | $ 28 |
Financing Receivable Modification Percentage of Portfolio Segment | 0.0004 |
Agricultural Other Portfolio Segment [Member] | Extended Maturity | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable Modifications Amortized Cost | $ 34 |
Financing Receivable Modification Percentage of Portfolio Segment | 0.0012 |
Agricultural Other Portfolio Segment [Member] | Extended Maturity and Interest Rate Reduction | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable Modifications Amortized Cost | $ 0 |
Financing Receivable Modification Percentage of Portfolio Segment | 0 |
Residential Real Estate, Senior Lien, Portfolio Segment | Extended Maturity | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable Modifications Amortized Cost | $ 5 |
Financing Receivable Modification Percentage of Portfolio Segment | 0 |
Residential Real Estate, Senior Lien, Portfolio Segment | Extended Maturity and Interest Rate Reduction | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable Modifications Amortized Cost | $ 0 |
Financing Receivable Modification Percentage of Portfolio Segment | 0 |
Loans and ACL (Summary of Loan Modification Effects) (Details) |
9 Months Ended |
---|---|
Sep. 30, 2023 | |
Commercial Real Estate, Non-owner Occupied | Extended Maturity | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable Modification Weighted Average Extension Term | 3 years |
Agricultural Mortgage, Portfolio Segment | Interest Rate Below Market Reduction [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification | 4.50% |
Agricultural Mortgage, Portfolio Segment | Extended Maturity | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable Modification Weighted Average Extension Term | 1 year 29 days |
Agricultural Other Portfolio Segment [Member] | Extended Maturity | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable Modification Weighted Average Extension Term | 1 year |
Residential Real Estate, Senior Lien, Portfolio Segment | Extended Maturity | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable Modification Weighted Average Extension Term | 2 years 7 months 6 days |
Loans and ACL (Summary of changes in ACL by segments) (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
Dec. 31, 2022 |
|
Summary of changes in the ALLL and the recorded investment in loans by segments | |||||
Allowance for loan losses, Beginning Balance | $ 12,833 | $ 9,700 | $ 9,850 | $ 9,103 | |
Allowance for loan losses, Charge-offs | (179) | (173) | (372) | (370) | |
Allowance for loan losses, Recoveries | 433 | 132 | 638 | 404 | |
Financing Receivable, Credit Loss, Expense (Reversal) | (320) | 18 | (93) | 540 | |
Allowance for loan losses, Ending Balance | 12,767 | 9,677 | 12,767 | 9,677 | |
Individually evaluated for impairment, ACL | $ 451 | ||||
Collectively evaluated for impairment, ALLL | 9,399 | ||||
Financing Receivable, Individually Evaluated for Impairment | 22,018 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 1,242,155 | ||||
Total | 1,264,173 | ||||
Accounting Standards Update 2016-13 | |||||
Summary of changes in the ALLL and the recorded investment in loans by segments | |||||
Allowance for loan losses, Ending Balance | 2,744 | 2,744 | |||
Commercial [Member] | |||||
Summary of changes in the ALLL and the recorded investment in loans by segments | |||||
Allowance for loan losses, Beginning Balance | 822 | 860 | |||
Allowance for loan losses, Charge-offs | (29) | (29) | |||
Allowance for loan losses, Recoveries | 70 | 74 | |||
Financing Receivable, Credit Loss, Expense (Reversal) | (34) | (18) | |||
Allowance for loan losses, Ending Balance | 829 | 829 | |||
Total | 744,440 | ||||
Commercial [Member] | Accounting Standards Update 2016-13 | |||||
Summary of changes in the ALLL and the recorded investment in loans by segments | |||||
Allowance for loan losses, Ending Balance | (58) | (58) | |||
Commercial Real Estate | |||||
Summary of changes in the ALLL and the recorded investment in loans by segments | |||||
Allowance for loan losses, Beginning Balance | 5,968 | 461 | |||
Allowance for loan losses, Charge-offs | 0 | 0 | |||
Allowance for loan losses, Recoveries | 3 | 23 | |||
Financing Receivable, Credit Loss, Expense (Reversal) | (101) | (146) | |||
Allowance for loan losses, Ending Balance | 5,870 | 5,870 | |||
Commercial Real Estate | Accounting Standards Update 2016-13 | |||||
Summary of changes in the ALLL and the recorded investment in loans by segments | |||||
Allowance for loan losses, Ending Balance | 5,532 | 5,532 | |||
Commercial and Commercial Real Estate Portfolio Segment | |||||
Summary of changes in the ALLL and the recorded investment in loans by segments | |||||
Allowance for loan losses, Beginning Balance | 1,758 | 1,321 | 1,740 | ||
Allowance for loan losses, Charge-offs | 0 | (3) | |||
Allowance for loan losses, Recoveries | 14 | 54 | |||
Financing Receivable, Credit Loss, Expense (Reversal) | (436) | (455) | |||
Allowance for loan losses, Ending Balance | 1,336 | 1,336 | |||
Individually evaluated for impairment, ACL | 12 | ||||
Collectively evaluated for impairment, ALLL | 1,309 | ||||
Financing Receivable, Individually Evaluated for Impairment | 8,342 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 736,098 | ||||
Total | 744,440 | ||||
Agricultural [Member] | |||||
Summary of changes in the ALLL and the recorded investment in loans by segments | |||||
Allowance for loan losses, Beginning Balance | 264 | 451 | 577 | 289 | |
Allowance for loan losses, Charge-offs | 0 | 0 | (4) | 0 | |
Allowance for loan losses, Recoveries | 0 | 1 | 6 | 4 | |
Financing Receivable, Credit Loss, Expense (Reversal) | 5 | 35 | (63) | 194 | |
Allowance for loan losses, Ending Balance | 269 | 487 | 269 | 487 | |
Individually evaluated for impairment, ACL | 0 | ||||
Collectively evaluated for impairment, ALLL | 577 | ||||
Financing Receivable, Individually Evaluated for Impairment | 10,935 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 94,050 | ||||
Total | 104,985 | ||||
Agricultural [Member] | Accounting Standards Update 2016-13 | |||||
Summary of changes in the ALLL and the recorded investment in loans by segments | |||||
Allowance for loan losses, Ending Balance | (247) | (247) | |||
Residential Mortgage | |||||
Summary of changes in the ALLL and the recorded investment in loans by segments | |||||
Allowance for loan losses, Beginning Balance | 4,173 | 639 | 617 | 747 | |
Allowance for loan losses, Charge-offs | 0 | 0 | (2) | 0 | |
Allowance for loan losses, Recoveries | 266 | 53 | 315 | 123 | |
Financing Receivable, Credit Loss, Expense (Reversal) | (281) | (70) | (307) | (248) | |
Allowance for loan losses, Ending Balance | 4,158 | 622 | 4,158 | 622 | |
Individually evaluated for impairment, ACL | 439 | ||||
Collectively evaluated for impairment, ALLL | 178 | ||||
Financing Receivable, Individually Evaluated for Impairment | 2,741 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 333,953 | ||||
Total | 336,694 | ||||
Residential Mortgage | Accounting Standards Update 2016-13 | |||||
Summary of changes in the ALLL and the recorded investment in loans by segments | |||||
Allowance for loan losses, Ending Balance | 3,535 | 3,535 | |||
Consumer Portfolio Segment [Member] | |||||
Summary of changes in the ALLL and the recorded investment in loans by segments | |||||
Allowance for loan losses, Beginning Balance | 1,606 | 1,323 | 961 | 908 | |
Allowance for loan losses, Charge-offs | (150) | (173) | (337) | (367) | |
Allowance for loan losses, Recoveries | 94 | 64 | 220 | 223 | |
Financing Receivable, Credit Loss, Expense (Reversal) | 91 | (168) | 441 | 282 | |
Allowance for loan losses, Ending Balance | 1,641 | 1,046 | 1,641 | 1,046 | |
Individually evaluated for impairment, ACL | 0 | ||||
Collectively evaluated for impairment, ALLL | 961 | ||||
Financing Receivable, Individually Evaluated for Impairment | 0 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 78,054 | ||||
Total | 78,054 | ||||
Consumer Portfolio Segment [Member] | Accounting Standards Update 2016-13 | |||||
Summary of changes in the ALLL and the recorded investment in loans by segments | |||||
Allowance for loan losses, Ending Balance | 356 | 356 | |||
Unallocated [Member] | |||||
Summary of changes in the ALLL and the recorded investment in loans by segments | |||||
Allowance for loan losses, Beginning Balance | 0 | 5,529 | 6,374 | 5,419 | |
Allowance for loan losses, Charge-offs | 0 | 0 | 0 | 0 | |
Allowance for loan losses, Recoveries | 0 | 0 | 0 | 0 | |
Financing Receivable, Credit Loss, Expense (Reversal) | 0 | 657 | 0 | 767 | |
Allowance for loan losses, Ending Balance | 0 | $ 6,186 | 0 | $ 6,186 | |
Individually evaluated for impairment, ACL | 0 | ||||
Collectively evaluated for impairment, ALLL | $ 6,374 | ||||
Unallocated [Member] | Accounting Standards Update 2016-13 | |||||
Summary of changes in the ALLL and the recorded investment in loans by segments | |||||
Allowance for loan losses, Ending Balance | $ (6,374) | $ (6,374) |
Loans and ACL (Summary of specific reserves by segments) (Details) - USD ($) $ in Thousands |
Sep. 30, 2023 |
Dec. 31, 2022 |
---|---|---|
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Individually evaluated for impairment, Loans | $ 22,018 | |
Individually evaluated for impairment, ACL | 451 | |
Collateral Pledged | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Individually evaluated for impairment, Loans | $ 391 | 22,018 |
Individually evaluated for impairment, ACL | 0 | 451 |
Commercial [Member] | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Individually evaluated for impairment, Loans | 0 | 0 |
Individually evaluated for impairment, ACL | 0 | 0 |
Commercial Real Estate | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Individually evaluated for impairment, Loans | 0 | 8,342 |
Individually evaluated for impairment, ACL | 0 | 12 |
Agricultural [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Individually evaluated for impairment, Loans | 10,935 | |
Individually evaluated for impairment, ACL | 0 | |
Agricultural [Member] | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Individually evaluated for impairment, Loans | 182 | 10,935 |
Individually evaluated for impairment, ACL | 0 | 0 |
Residential Mortgage | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Individually evaluated for impairment, Loans | 2,741 | |
Individually evaluated for impairment, ACL | 439 | |
Residential Mortgage | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Individually evaluated for impairment, Loans | 209 | 2,741 |
Individually evaluated for impairment, ACL | 0 | 439 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Individually evaluated for impairment, Loans | 0 | |
Individually evaluated for impairment, ACL | 0 | |
Consumer Portfolio Segment [Member] | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Individually evaluated for impairment, Loans | 0 | 0 |
Individually evaluated for impairment, ACL | $ 0 | $ 0 |
Loans and ACL (Narrative) (Details) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2022
USD ($)
|
Sep. 30, 2023
USD ($)
|
Sep. 30, 2022
USD ($)
|
Dec. 31, 2022
USD ($)
|
|
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Threshold period of continuous performance to return loans to accrual status | 6 months | |||
Advance in connection with impaired loans | $ 0 | |||
Loans and Leases Receivable, Net of Deferred Income | $ 1,334,674 | $ 1,264,173 | ||
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 1.0000 | 1.0000 | ||
Pre-Modification Recorded Investment | $ 153 | |||
Extended Maturity and Interest Rate Reduction | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Pre-Modification Recorded Investment | 98 | |||
Interest Rate Below Market Reduction [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Pre-Modification Recorded Investment | $ 55 | $ 55 | ||
Minimum [Member] | 4 - Low satisfactory [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Delinquency period | 10 days | |||
Minimum [Member] | 5 - Special mention [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Delinquency period | 30 days | |||
Maximum [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing receivable, amortization term | 30 years | |||
Maximum [Member] | 4 - Low satisfactory [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Delinquency period | 30 days | |||
Maximum [Member] | 5 - Special mention [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Delinquency period | 60 days | |||
Residential Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Maximum percentage of loan | 1 | |||
Maximum percentage of principal, interest, taxes and hazard insurance on property over gross income | 0.28 | |||
Maximum percentage of debt servicing over gross income | 0.40 | |||
Maximum amount without corporation approval | $ 1,000 | |||
Residential, Privately Insured, Financing Receivable [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Maximum percentage of loan | 0.80 | |||
Total Consumer [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Maximum days of consumer loan charged off | 180 days | |||
Loans and Leases Receivable, Net of Deferred Income | $ 99,985 | $ 78,054 | ||
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 0.0750 | 0.0617 | ||
Total Consumer [Member] | Maximum [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing receivable, amortization term | 15 years | |||
Commercial And Agricultural Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Maximum percentage of loan | 0.80 | |||
Commercial And Agricultural Portfolio Segment [Member] | Customer Concentration Risk [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Maximum amount of loans | $ 18,000 | |||
Commercial, Agricultural, and Residential Portfolio Segments [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Number of days past due (or more), accrual of interest discontinued | 90 days | |||
Commercial Real Estate, Non-owner Occupied | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and Leases Receivable, Net of Deferred Income | $ 216,675 | $ 204,091 | ||
LoanPortfolioClassesAndSegmentsAsPercentageofAggregateLoan | 0.1623 | 0.1614 | ||
Commercial Real Estate, Non-owner Occupied | 4 - Low satisfactory [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and Leases Receivable, Net of Deferred Income | $ 192,256 | |||
Commercial Real Estate, Non-owner Occupied | 5 - Special mention [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and Leases Receivable, Net of Deferred Income | $ 9,427 |
Borrowed Funds (Short-term borrowings) (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
Dec. 31, 2022 |
|
Short-term Debt [Line Items] | |||||
Borrowed funds | $ 146,642 | $ 146,642 | $ 87,016 | ||
Securities Sold under Agreements to Repurchase [Member] | |||||
Short-term Debt [Line Items] | |||||
Maximum Month End Balance | 54,327 | $ 54,051 | 54,327 | $ 54,051 | |
Average Balance | $ 46,574 | $ 49,267 | $ 40,601 | $ 48,118 | |
Weighted Average Interest Rate During the Period | 1.90% | 0.07% | 1.64% | 0.07% | |
Borrowed funds | $ 52,330 | $ 52,330 | $ 57,771 | ||
Borrowed funds, Rate | 2.43% | 2.43% | 0.49% | ||
Federal Funds Purchased [Member] | |||||
Short-term Debt [Line Items] | |||||
Maximum Month End Balance | $ 0 | $ 0 | $ 0 | $ 0 | |
Average Balance | $ 1 | $ 0 | $ 17 | $ 1 | |
Weighted Average Interest Rate During the Period | 6.13% | 0.00% | 6.08% | 0.79% | |
Federal Reserve Bank Advances [Member] | |||||
Short-term Debt [Line Items] | |||||
Maximum Month End Balance | $ 0 | $ 0 | $ 0 | $ 0 | |
Average Balance | $ 135 | $ 0 | $ 89 | $ 0 | |
Weighted Average Interest Rate During the Period | 5.30% | 0.00% | 5.28% | 0.00% |
Borrowed Funds (Pledged financial instruments) (Details) - USD ($) $ in Thousands |
Sep. 30, 2023 |
Dec. 31, 2022 |
---|---|---|
Debt Disclosure [Abstract] | ||
Total | $ 528,379 | $ 454,320 |
Short-term Debt [Line Items] | ||
AFS securities pledged without single maturity dates | 75,225 | 58,291 |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | 380,424 | 347,331 |
Securities Sold under Agreements to Repurchase, Fair Value of Collateral | 75,225 | 58,291 |
Deposit Liabilities, Collateral Issued, Financial Instruments | 72,730 | 48,698 |
State and Local Funds Purchased [Member] | ||
Short-term Debt [Line Items] | ||
AFS securities pledged without single maturity dates | 0 | 11,037 |
Mortgage Backed Securities, Other [Member] | ||
Short-term Debt [Line Items] | ||
AFS securities pledged without single maturity dates | 9,410 | 6,819 |
Collateralized Mortgage Obligations [Member] | ||
Short-term Debt [Line Items] | ||
AFS securities pledged without single maturity dates | 2,706 | 11,084 |
US Treasury Securities | ||
Short-term Debt [Line Items] | ||
AFS securities pledged without single maturity dates | $ 63,109 | $ 29,351 |
Borrowed Funds (Maturity and weighted average interest rates of FHLB advances) (Details) - USD ($) $ in Thousands |
Sep. 30, 2023 |
Dec. 31, 2022 |
---|---|---|
Federal Home Loan Bank, Advances, Fixed Rate Due 2023 | ||
Federal Home Loan Bank, Advances [Line Items] | ||
FHLB fixed rate advances | $ 65,000 | |
FHLB advances, rate | 5.57% | |
Federal Home Loan Bank Advances [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
FHLB fixed rate advances | $ 0 | |
FHLB advances, rate | 0.00% |
Borrowed Funds (Subordinated Debt) (Details) - USD ($) $ in Thousands |
9 Months Ended | 12 Months Ended |
---|---|---|
Sep. 30, 2023 |
Dec. 31, 2022 |
|
Subordinated Borrowing [Line Items] | ||
Subordinated Borrowing, Interest Rate | 3.25% | 3.25% |
Subordinated Debt | $ 29,312 | $ 29,245 |
Subordinated Debt | ||
Subordinated Borrowing [Line Items] | ||
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | (688) | (755) |
Debt Instrument, Face Amount | $ 30,000 | $ 30,000 |
Borrowed Funds (Narrative) (Details) - USD ($) $ in Thousands |
Sep. 30, 2023 |
Dec. 31, 2022 |
---|---|---|
Short-term Debt [Line Items] | ||
Securities Sold under Agreements to Repurchase, Fair Value of Collateral | $ 75,225 | $ 58,291 |
Additional borrowing capacity | $ 287,910 |
Computation of Earnings Per Common Share (Schedule of Earnings Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands |
3 Months Ended | 9 Months Ended | ||||
---|---|---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
|||
Earnings Per Share [Abstract] | ||||||
Average number of common shares outstanding for basic calculation | 7,495,168 | 7,555,333 | 7,517,680 | 7,544,909 | ||
Average number of common shares outstanding used to calculate diluted earnings per common share | 7,570,374 | 7,650,950 | 7,591,664 | 7,647,117 | ||
NET INCOME | $ 4,413 | $ 5,887 | $ 14,364 | $ 15,916 | ||
Basic (in dollars per share) | $ 0.59 | $ 0.78 | $ 1.91 | $ 2.11 | ||
Diluted (in dollars per share) | $ 0.58 | $ 0.77 | $ 1.89 | $ 2.08 | ||
Isabella Bank Corporation Restricted Stock Plan | ||||||
Earnings Per Share [Abstract] | ||||||
Average potential effect of common shares in the Directors Plan | 29,569 | 29,111 | 29,569 | 27,277 | ||
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | ||||||
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 29,569 | 29,111 | 29,569 | 27,277 | ||
Isabella Bank Corporation and Related Companies Deferred Compensation Plan for Directors | ||||||
Earnings Per Share [Abstract] | ||||||
Average potential effect of common shares in the Directors Plan | [1] | 45,637 | 66,506 | 44,415 | 74,931 | |
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | ||||||
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | [1] | 45,637 | 66,506 | 44,415 | 74,931 | |
|
Restricted Stock Plan (Details) - Restricted Stock - Isabella Bank Corporation Restricted Stock Plan - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
Jun. 30, 2023 |
Dec. 31, 2022 |
Jun. 30, 2022 |
Dec. 31, 2021 |
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 27,072 | 26,846 | 27,072 | 26,846 | 30,777 | 27,072 | 30,208 | 20,123 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Nonvested | $ 592 | $ 592 | $ 592 | $ 592 | $ 683 | $ 592 | $ 679 | $ 418 |
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Period Increase (Decrease) | (3,705) | (3,362) | 0 | 6,723 | ||||
Shares Granted, Value, Share-based Payment Arrangement, before Forfeiture | $ (91) | $ (87) | $ 0 | $ 174 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested | 0 | 0 | 0 | 0 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Intrinsic Value, Amount Per Share | $ 0 | $ 0 | $ 0 | $ 0 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 0 | 0 | 0 | 0 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | 0 | 0 | 0 | 0 |
Restricted Stock Plan (Narrative) (Details) - Restricted Stock - Isabella Bank Corporation Restricted Stock Plan - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Share-based Payment Arrangement, Expense | $ 91 | $ 31 | $ 219 | $ 108 |
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition | 1 year 3 months 7 days | |||
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $ 168 | $ 168 | ||
Minimum [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Percentage of Employee Annual Salary | 2500.00% | 2500.00% | ||
Maximum [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Percentage of Employee Annual Salary | 4000.00% | 4000.00% |
Other Noninterest Expenses (Expenses included in other noninterest expenses) (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
|
Summary of expenses included in other noninterest expenses | ||||
ATM and Debit Card Expense | $ 471 | $ 543 | $ 1,280 | $ 1,485 |
Other Losses | 198 | 93 | 770 | 409 |
Professional Fees | 672 | 595 | 1,764 | 1,749 |
Directors fees | 179 | 210 | 581 | 598 |
Expense Related to Distribution or Servicing and Underwriting Fees | 206 | 243 | 637 | 640 |
FDIC insurance premiums | 228 | 138 | 689 | 394 |
Donations and community relations | 252 | 239 | 692 | 665 |
Marketing Expense | 398 | 209 | 883 | 812 |
Memberships and Subscriptions Expense | 259 | 230 | 729 | 654 |
All other | 621 | 640 | 1,838 | 1,817 |
Total other | $ 3,484 | $ 3,140 | $ 9,863 | $ 9,223 |
Federal Income Taxes (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
|
Income Tax Disclosure [Abstract] | ||||
Federal statutory tax rate | 21.00% | 21.00% | 21.00% | 21.00% |
Income taxes at statutory rate | $ 1,124 | $ 1,496 | $ 3,634 | $ 4,025 |
Interest income on tax exempt municipal securities | (131) | (147) | (415) | (425) |
Earnings on corporate owned life insurance policies | (48) | (47) | (143) | (150) |
Other | (6) | (4) | (18) | (12) |
Total effect of nontaxable income | (185) | (198) | (576) | (587) |
Effect of nondeductible expenses | 14 | 9 | 33 | 26 |
Effective Income Tax Rate Reconciliation, Tax Credit, Amount | 69 | 74 | 205 | 215 |
Unrecognized Tax Benefits, Period Increase (Decrease) | 53 | 0 | 53 | 0 |
Federal income tax expense | $ 937 | $ 1,233 | $ 2,939 | $ 3,249 |
Accumulated Other Comprehensive Income (Loss) (Changes in AOCI by component) (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
|
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Beginning Balance | $ (36,417) | $ (24,840) | $ (37,194) | $ 1,859 |
OCI before reclassifications | 6,708 | 22,815 | 5,736 | 56,413 |
Amounts reclassified from AOCI | 0 | 0 | 67 | 0 |
Other Comprehensive Income (Loss), before Tax | (6,708) | (22,815) | (5,803) | (56,413) |
Tax effect | 1,394 | 4,788 | 1,266 | 11,687 |
Unrealized gains (losses), net of tax | (5,314) | (18,027) | (4,537) | (44,726) |
Ending Balance | (41,731) | (42,867) | (41,731) | (42,867) |
Unrealized Holding Gains (Losses) on AFS Securities [Member] | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Beginning Balance | (35,051) | (22,826) | (35,828) | 3,873 |
OCI before reclassifications | 6,708 | 22,815 | 5,736 | 56,413 |
Amounts reclassified from AOCI | 0 | 0 | 67 | 0 |
Other Comprehensive Income (Loss), before Tax | (6,708) | (22,815) | (5,803) | (56,413) |
Tax effect | 1,394 | 4,788 | 1,266 | 11,687 |
Unrealized gains (losses), net of tax | (5,314) | (18,027) | (4,537) | (44,726) |
Ending Balance | (40,365) | (40,853) | (40,365) | (40,853) |
Defined Benefit Pension Plan [Member] | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Beginning Balance | (1,366) | (2,014) | (1,366) | (2,014) |
OCI before reclassifications | 0 | 0 | 0 | 0 |
Amounts reclassified from AOCI | 0 | 0 | 0 | 0 |
Other Comprehensive Income (Loss), before Tax | 0 | 0 | 0 | 0 |
Tax effect | 0 | 0 | 0 | 0 |
Unrealized gains (losses), net of tax | 0 | 0 | 0 | 0 |
Ending Balance | (1,366) | (2,014) | (1,366) | (2,014) |
Auction Rate Money Market Preferred Stocks [Member] | Unrealized Holding Gains (Losses) on AFS Securities [Member] | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Unrealized gains (losses), net of tax | $ (67) | $ (18) | $ 228 | $ (763) |
Fair Value (Quantitative information about impaired loans) (Details) - Discounted appraisal value [Member] - Level 3 [Member] - USD ($) $ in Thousands |
9 Months Ended | 12 Months Ended |
---|---|---|
Sep. 30, 2023 |
Dec. 31, 2022 |
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Discounted appraisal value at fair value | $ 391 | $ 17,143 |
Loans Receivable, Collateralized By Cash Crop Inventory [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
ImpairedFinancingReceivableFairValueDisclosureAppraisedValueDiscount | 40.00% | |
ImpairedFinancingReceivableFairValueDisclosureAppraisedValueWeightedAverage | 40.00% | |
Loans Receivable, Collateralized By Livestock [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
ImpairedFinancingReceivableFairValueDisclosureAppraisedValueDiscount | 30.00% | |
ImpairedFinancingReceivableFairValueDisclosureAppraisedValueWeightedAverage | 30.00% | |
Real Estate [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
ImpairedFinancingReceivableFairValueDisclosureAppraisedValueDiscount | 20.00% | |
ImpairedFinancingReceivableFairValueDisclosureAppraisedValueWeightedAverage | 20.00% | 24.00% |
Real Estate [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
ImpairedFinancingReceivableFairValueDisclosureAppraisedValueDiscount | 20.00% | |
Real Estate [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
ImpairedFinancingReceivableFairValueDisclosureAppraisedValueDiscount | 30.00% | |
Equipment [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
ImpairedFinancingReceivableFairValueDisclosureAppraisedValueDiscount | 25.00% | |
ImpairedFinancingReceivableFairValueDisclosureAppraisedValueWeightedAverage | 25.00% | 31.00% |
Equipment [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
ImpairedFinancingReceivableFairValueDisclosureAppraisedValueDiscount | 25.00% | |
Equipment [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
ImpairedFinancingReceivableFairValueDisclosureAppraisedValueDiscount | 35.00% | |
Loans Receivable, Collateralized By Accounts Receivable [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
ImpairedFinancingReceivableFairValueDisclosureAppraisedValueDiscount | 25.00% | |
ImpairedFinancingReceivableFairValueDisclosureAppraisedValueWeightedAverage | 27.00% | |
Furniture and Fixtures [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
ImpairedFinancingReceivableFairValueDisclosureAppraisedValueDiscount | 45.00% | |
ImpairedFinancingReceivableFairValueDisclosureAppraisedValueWeightedAverage | 45.00% |
Fair Value (Carrying amount and estimated fair value of financial instruments) (Details) - USD ($) $ in Thousands |
Sep. 30, 2023 |
Dec. 31, 2022 |
||
---|---|---|---|---|
LIABILITIES | ||||
Federal Funds Purchased and Securities Sold under Agreements to Repurchase | $ 52,330 | $ 57,771 | ||
Level 1 [Member] | ||||
ASSETS | ||||
Cash and cash equivalents | 115,879 | 38,924 | ||
Mortgage loans AFS | 0 | 0 | ||
Total loans | 0 | 0 | ||
Less allowance for loan losses | 0 | 0 | ||
Net loans | 0 | 0 | ||
Accrued interest receivable | 7,346 | 7,472 | ||
Equity securities without readily determinable fair values | [1] | 0 | 0 | |
Originated mortgage servicing rights | 0 | 0 | ||
LIABILITIES | ||||
Deposits without stated maturities | 1,437,396 | 1,492,235 | ||
Deposits with stated maturities | 0 | 0 | ||
Federal Funds Purchased and Securities Sold under Agreements to Repurchase | 0 | 0 | ||
Federal Home Loan Bank Borrowings, Fair Value Disclosure | 0 | |||
Subordinated Debt Obligations, Fair Value Disclosure | 0 | 0 | ||
Accrued interest payable | 813 | 255 | ||
Level 2 [Member] | ||||
ASSETS | ||||
Cash and cash equivalents | 0 | 0 | ||
Mortgage loans AFS | 105 | 395 | ||
Total loans | 0 | 0 | ||
Less allowance for loan losses | 0 | 0 | ||
Net loans | 0 | 0 | ||
Accrued interest receivable | 0 | 0 | ||
Equity securities without readily determinable fair values | [1] | 0 | 0 | |
Originated mortgage servicing rights | 3,223 | 3,174 | ||
LIABILITIES | ||||
Deposits without stated maturities | 0 | 0 | ||
Deposits with stated maturities | 324,936 | 240,964 | ||
Federal Funds Purchased and Securities Sold under Agreements to Repurchase | 52,197 | 57,581 | ||
Federal Home Loan Bank Borrowings, Fair Value Disclosure | 65,003 | |||
Subordinated Debt Obligations, Fair Value Disclosure | 24,184 | 26,365 | ||
Accrued interest payable | 0 | 0 | ||
Level 3 [Member] | ||||
ASSETS | ||||
Cash and cash equivalents | 0 | 0 | ||
Mortgage loans AFS | 0 | 0 | ||
Total loans | 1,279,671 | 1,225,669 | ||
Less allowance for loan losses | 12,767 | 9,850 | ||
Net loans | 1,266,904 | 1,215,819 | ||
Accrued interest receivable | 0 | 0 | ||
Equity securities without readily determinable fair values | [1] | 0 | 0 | |
Originated mortgage servicing rights | 0 | 0 | ||
LIABILITIES | ||||
Deposits without stated maturities | 0 | 0 | ||
Deposits with stated maturities | 0 | 0 | ||
Federal Funds Purchased and Securities Sold under Agreements to Repurchase | 0 | 0 | ||
Federal Home Loan Bank Borrowings, Fair Value Disclosure | 0 | |||
Subordinated Debt Obligations, Fair Value Disclosure | 0 | 0 | ||
Accrued interest payable | 0 | 0 | ||
Carrying Value [Member] | ||||
ASSETS | ||||
Cash and cash equivalents | 115,879 | 38,924 | ||
Mortgage loans AFS | 105 | 379 | ||
Total loans | 1,334,674 | 1,264,173 | ||
Less allowance for loan losses | 12,767 | 9,850 | ||
Net loans | 1,321,907 | 1,254,323 | ||
Accrued interest receivable | 7,346 | 7,472 | ||
Equity securities without readily determinable fair values | [1] | 15,848 | 15,746 | |
Originated mortgage servicing rights | 2,463 | 2,559 | ||
LIABILITIES | ||||
Deposits without stated maturities | 1,437,396 | 1,492,235 | ||
Deposits with stated maturities | 332,078 | 252,040 | ||
Federal Funds Purchased and Securities Sold under Agreements to Repurchase | 52,330 | 57,771 | ||
Federal Home Loan Bank Borrowings, Fair Value Disclosure | 65,000 | |||
Subordinated Debt Obligations, Fair Value Disclosure | 29,312 | 29,245 | ||
Accrued interest payable | 813 | 255 | ||
Estimated Fair Value [Member] | ||||
ASSETS | ||||
Cash and cash equivalents | 115,879 | 38,924 | ||
Mortgage loans AFS | 105 | 395 | ||
Total loans | 1,279,671 | 1,225,669 | ||
Less allowance for loan losses | 12,767 | 9,850 | ||
Net loans | 1,266,904 | 1,215,819 | ||
Accrued interest receivable | 7,346 | 7,472 | ||
Originated mortgage servicing rights | 3,223 | 3,174 | ||
LIABILITIES | ||||
Deposits without stated maturities | 1,437,396 | 1,492,235 | ||
Deposits with stated maturities | 324,936 | 240,964 | ||
Federal Funds Purchased and Securities Sold under Agreements to Repurchase | 52,197 | 57,581 | ||
Federal Home Loan Bank Borrowings, Fair Value Disclosure | 65,003 | |||
Subordinated Debt Obligations, Fair Value Disclosure | 24,184 | 26,365 | ||
Accrued interest payable | $ 813 | $ 255 | ||
|
Fair Value (Recorded amount of assets and liabilities measured at fair value) (Details) - USD ($) $ in Thousands |
Sep. 30, 2023 |
Dec. 31, 2022 |
---|---|---|
AFS Securities | ||
AFS securities | $ 516,897 | $ 580,481 |
Fair value, total | 517,797 | 598,063 |
US Treasury Securities | ||
AFS Securities | ||
AFS securities | 209,182 | 208,701 |
Level 1 [Member] | ||
AFS Securities | ||
Fair value, total | $ 0 | $ 0 |
Percent of assets and liabilities measured at fair value | 0.00% | 0.00% |
Level 2 [Member] | ||
AFS Securities | ||
Fair value, total | $ 516,897 | $ 580,481 |
Percent of assets and liabilities measured at fair value | 99.83% | 97.06% |
Level 3 [Member] | ||
AFS Securities | ||
Fair value, total | $ 900 | $ 17,582 |
Percent of assets and liabilities measured at fair value | 0.17% | 2.94% |
Recurring items [Member] | ||
AFS Securities | ||
AFS securities | $ 516,897 | $ 580,481 |
Recurring items [Member] | States and political subdivisions [Member] | ||
AFS Securities | ||
AFS securities | 89,773 | 117,512 |
Recurring items [Member] | Auction rate money market preferred [Member] | ||
AFS Securities | ||
AFS securities | 2,570 | 2,342 |
Recurring items [Member] | Mortgage-backed securities [Member] | ||
AFS Securities | ||
AFS securities | 32,923 | 39,070 |
Recurring items [Member] | Collateralized mortgage obligations [Member] | ||
AFS Securities | ||
AFS securities | 175,630 | 205,728 |
Recurring items [Member] | Corporate Debt Securities | ||
AFS Securities | ||
AFS securities | 6,819 | 7,128 |
Recurring items [Member] | US Treasury Securities | ||
AFS Securities | ||
AFS securities | 209,182 | 208,701 |
Recurring items [Member] | Level 1 [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 1 [Member] | States and political subdivisions [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 1 [Member] | Auction rate money market preferred [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 1 [Member] | Mortgage-backed securities [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 1 [Member] | Collateralized mortgage obligations [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 1 [Member] | Corporate Debt Securities | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 1 [Member] | US Treasury Securities | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 2 [Member] | ||
AFS Securities | ||
AFS securities | 516,897 | 580,481 |
Recurring items [Member] | Level 2 [Member] | States and political subdivisions [Member] | ||
AFS Securities | ||
AFS securities | 89,773 | 117,512 |
Recurring items [Member] | Level 2 [Member] | Auction rate money market preferred [Member] | ||
AFS Securities | ||
AFS securities | 2,570 | 2,342 |
Recurring items [Member] | Level 2 [Member] | Mortgage-backed securities [Member] | ||
AFS Securities | ||
AFS securities | 32,923 | 39,070 |
Recurring items [Member] | Level 2 [Member] | Collateralized mortgage obligations [Member] | ||
AFS Securities | ||
AFS securities | 175,630 | 205,728 |
Recurring items [Member] | Level 2 [Member] | Corporate Debt Securities | ||
AFS Securities | ||
AFS securities | 6,819 | 7,128 |
Recurring items [Member] | Level 2 [Member] | US Treasury Securities | ||
AFS Securities | ||
AFS securities | 209,182 | 208,701 |
Recurring items [Member] | Level 3 [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 3 [Member] | States and political subdivisions [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 3 [Member] | Auction rate money market preferred [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 3 [Member] | Mortgage-backed securities [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 3 [Member] | Collateralized mortgage obligations [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 3 [Member] | Corporate Debt Securities | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 3 [Member] | US Treasury Securities | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Nonrecurring items [Member] | ||
AFS Securities | ||
Impaired loans (net of the allowance for loan losses) | 391 | 17,143 |
Foreclosed Assets, Fair Value Disclosure | 509 | 439 |
Nonrecurring items [Member] | Level 1 [Member] | ||
AFS Securities | ||
Impaired loans (net of the allowance for loan losses) | 0 | 0 |
Foreclosed Assets, Fair Value Disclosure | 0 | 0 |
Nonrecurring items [Member] | Level 2 [Member] | ||
AFS Securities | ||
Impaired loans (net of the allowance for loan losses) | 0 | 0 |
Foreclosed Assets, Fair Value Disclosure | 0 | 0 |
Nonrecurring items [Member] | Level 3 [Member] | ||
AFS Securities | ||
Impaired loans (net of the allowance for loan losses) | 391 | 17,143 |
Foreclosed Assets, Fair Value Disclosure | $ 509 | $ 439 |
Fair Value (Narrative) (Details Textual) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Mortgage Servicing Rights (MSR) Impairment (Recovery) | $ 0 | $ (532) | ||
Fair Value, Option, Changes in Fair Value, Gain (Loss) | $ (6) | |||
Nonrecurring items [Member] | Foreclosed Asset | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair Value, Option, Changes in Fair Value, Gain (Loss) | $ (27) | $ (6) | $ (36) |
Operating Segments (Narrative) (Details) |
Sep. 30, 2023 |
Dec. 31, 2022 |
Sep. 30, 2022 |
---|---|---|---|
Segment Reporting [Abstract] | |||
Percentage of reportable segments total assets and operating results, or more | 90.00% | 90.00% | 90.00% |
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