2022 Q1 Form 10-Q Financial Statement

#000156276222000212 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $47.76M $48.15M
YoY Change -0.82% -11.17%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.241M $1.380M
YoY Change -10.07% 6.15%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $4.645M $7.036M
YoY Change -33.98% -55.97%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $21.02M $14.94M
YoY Change 40.67% 260.0%
Income Tax $4.188M $2.908M
% Of Pretax Income 19.93% 19.46%
Net Earnings $16.83M $12.04M
YoY Change 39.83% 212.03%
Net Earnings / Revenue 35.23% 24.99%
Basic Earnings Per Share $0.33 $0.23
Diluted Earnings Per Share $330.5K $0.23
COMMON SHARES
Basic Shares Outstanding 50.25M shares 51.66M shares
Diluted Shares Outstanding 50.91M shares 52.38M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $276.9M $630.8M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $88.80M $69.27M
YoY Change 28.19% 0.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $5.518B $5.998B
YoY Change -8.0% 18.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.62M $30.30M
YoY Change -35.25% -24.44%
Accrued Expenses $26.00M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $3.300M
YoY Change -91.52%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $45.62M $30.30M
YoY Change 50.56% -24.44%
LONG-TERM LIABILITIES
Long-Term Debt $1.022M $1.000M
YoY Change 2.2% 11.11%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.022M $1.000M
YoY Change 2.2% 11.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.62M $30.30M
Total Long-Term Liabilities $1.022M $1.000M
Total Liabilities $4.895B $5.369B
YoY Change -8.83% 20.51%
SHAREHOLDERS EQUITY
Retained Earnings $89.72M
YoY Change 30.62%
Common Stock $523.0K
YoY Change 0.38%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.113M
YoY Change
Treasury Stock Shares 3.198M shares 698.1K shares
Shareholders Equity $623.2M $628.8M
YoY Change
Total Liabilities & Shareholders Equity $5.518B $5.998B
YoY Change -8.0% 18.37%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $16.83M $12.04M
YoY Change 39.83% 212.03%
Depreciation, Depletion And Amortization $1.241M $1.380M
YoY Change -10.07% 6.15%
Cash From Operating Activities $14.49M -$9.735M
YoY Change -248.79% -176.84%
INVESTING ACTIVITIES
Capital Expenditures $962.0K $118.0K
YoY Change 715.25% -64.35%
Acquisitions
YoY Change
Other Investing Activities -$130.2M -$114.6M
YoY Change 13.64% -27.05%
Cash From Investing Activities -$131.2M -$114.7M
YoY Change 14.37% -27.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $16.59M $1.052M
YoY Change 1477.19% -105300.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$89.12M $346.4M
YoY Change -125.73% 197.63%
NET CHANGE
Cash From Operating Activities $14.49M -$9.735M
Cash From Investing Activities -$131.2M -$114.7M
Cash From Financing Activities -$89.12M $346.4M
Net Change In Cash -$205.8M $222.0M
YoY Change -192.71% -883.46%
FREE CASH FLOW
Cash From Operating Activities $14.49M -$9.735M
Capital Expenditures $962.0K $118.0K
Free Cash Flow $13.52M -$9.853M
YoY Change -237.25% -179.85%

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<div id="TextBlockContainer13" style="position:relative;font-family:'Times New Roman';font-size:14.72px;color:#000000;line-height:normal;width:731px;height:128px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a2805" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:0px;">Use of Estimates </div><div id="a2808" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:41px;top:39px;">The Company identified accounting policies and estimates that, due<div style="display:inline-block;width:5px"> </div>to the difficult, subjective or complex judgments and </div><div id="a2810" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:57px;">assumptions inherent in those policies and estimates and the potential sensitivity<div style="display:inline-block;width:5px"> </div>of the Company’s financial statements to those </div><div id="a2812" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:75px;">judgments and assumptions, are critical to an understanding of the<div style="display:inline-block;width:5px"> </div>Company’s financial condition and results of operations. Actual </div><div id="a2814" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:94px;">results could differ from those estimates. The allowance for credit losses, deferred<div style="display:inline-block;width:5px"> </div>tax asset, and fair value of financial instruments are </div><div id="a2818" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:112px;">particularly susceptible to significant change.</div></div>
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FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
<div id="TextBlockContainer28" style="position:relative;font-family:'Times New Roman';font-size:14.72px;color:#000000;line-height:normal;width:745px;height:598px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_24_XBRL_TS_9ecf327da388482592789fe77a6239dc" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer25" style="position:relative;font-family:'Times New Roman';font-size:14.72px;color:#000000;line-height:normal;width:672px;height:38px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a2869" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:bold;font-style:italic;color:#000000;left:5px;top:0px;">ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement<div style="display:inline-block;width:2px"> </div>of Credit Losses on Financial </div><div id="a2875" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:bold;font-style:italic;color:#000000;left:5px;top:20px;">Instruments:</div></div></div><div id="div_26_XBRL_TS_4695c5c78bc046e2828f6d38a4186e84" style="position:absolute;left:37px;top:61px;float:left;"><div id="TextBlockContainer27" style="position:relative;font-family:'Times New Roman';font-size:13.28px;color:#000000;line-height:normal;width:707px;height:537px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a2879" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:0px;">Background</div><div id="a2880" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:74px;top:0px;"><div style="display:inline-block;width:3px"> </div>– ASU 2016-13 and its subsequent amendments provide new guidance on the impairment model for financial assets </div><div id="a2888" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">measured at amortized cost, including loans held-for-investment and<div style="display:inline-block;width:5px"> </div>off-balance sheet credit exposures. The Current Expected </div><div id="a2900" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:37px;">Credit Loss (“CECL”) model requires an estimate of expected credit losses, measured<div style="display:inline-block;width:5px"> </div>over the contractual life of an instrument, </div><div id="a2902" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:55px;">that considers forecasts of future economic conditions in addition to information<div style="display:inline-block;width:5px"> </div>about past events and current conditions. ASU </div><div id="a2904" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:74px;">2016-13 requires new disclosures, including the use of vintage<div style="display:inline-block;width:5px"> </div>analysis on the Company’s credit quality indicators.<div style="display:inline-block;width:8px"> </div></div><div id="a2912" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:110px;">In addition, ASU 2016-13 removes the available-for-sale (“AFS”) securities other-than-temporary-impairment model that reduced </div><div id="a2930" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:129px;">the cost basis of the investment and is replaced with an impairment model that<div style="display:inline-block;width:5px"> </div>will recognize an allowance for credit losses on </div><div id="a2932" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:147px;">available-for-sale securities.<div style="display:inline-block;width:4px"> </div></div><div id="a2939" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:184px;">Implementation</div><div id="a2940" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:95px;top:184px;"><div style="display:inline-block;width:3px"> </div>– The Company established a CECL committee to formulate and oversee the implementation process including </div><div id="a2944" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:199px;">selection, implementation, and testing of third-party software.<div style="display:inline-block;width:4px"> </div></div><div id="a2950" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:230px;">The Company used a loss-rate ("cohort") method to estimate the expected allowance<div style="display:inline-block;width:5px"> </div>for credit losses ("ACL") for all loan pools. </div><div id="a2958" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:248px;">The cohort method identifies and captures the balance of a pool of loans with similar<div style="display:inline-block;width:5px"> </div>risk characteristics, as of a particular point </div><div id="a2966" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:267px;">in time to form a cohort, then tracks the respective losses generated by that cohort of loans over<div style="display:inline-block;width:5px"> </div>their remaining lives, or until the </div><div id="a2973" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:285px;">loans are “exhausted” (i.e.; have reached an acceptable point in time at which<div style="display:inline-block;width:5px"> </div>a significant majority of all losses are </div><div id="a2978" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:304px;">expected to have been recognized). The cohort method closely aligned<div style="display:inline-block;width:5px"> </div>with the Company's incurred loss model. This allowed the </div><div id="a2987" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:322px;">Company to take advantages of the efficiencies of processes and procedures already<div style="display:inline-block;width:5px"> </div>in practice. </div><div id="a2995" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:359px;">The Company began parallel processing with the existing allowance for<div style="display:inline-block;width:5px"> </div>loan losses model during the first quarter of 2019 </div><div id="a2998" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:377px;">recalibrating inputs as necessary. The Company formulated changes to policies, procedures,<div style="display:inline-block;width:5px"> </div>disclosures, and internal controls that </div><div id="a3006" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:396px;">were necessary to transition to the new standard. A third-party completed validation of the completeness, accuracy, and </div><div id="a3020" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:414px;">reasonableness of the model in the fourth quarter of 2021. Refer to<div style="display:inline-block;width:5px"> </div>“Note 4: Loans and Allowance for Credit Losses (“ACL”)” for </div><div id="a3028" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:432px;">additional information regarding the policies, procedures, and credit<div style="display:inline-block;width:5px"> </div>quality indicators used by the Company. </div><div id="a3032" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:466px;">Impact of adoption</div><div id="a3033" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:113px;top:466px;"><div style="display:inline-block;width:3px"> </div>– The Company adopted ASU 2016-13 on January 1, 2022 using the modified retrospective approach. All </div><div id="a3039" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:485px;">disclosures as of and for the three-months ended March 31, 2022 are presented<div style="display:inline-block;width:5px"> </div>in accordance with ASC 326, Financial </div><div id="a3042" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:503px;">Instruments-Credit Losses. The Company did not recast comparative financial<div style="display:inline-block;width:5px"> </div>periods and has presented those disclosures under </div><div id="a3046" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:521px;">previously applicable GAAP. </div></div></div></div><div id="TextBlockContainer34" style="position:relative;font-family:'Times New Roman';font-size:13.28px;color:#000000;line-height:normal;width:695px;height:181px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_30_XBRL_TS_4695c5c78bc046e2828f6d38a4186e84_1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer31" style="position:relative;font-family:'Times New Roman';font-size:13.28px;color:#000000;line-height:normal;width:695px;height:126px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a3058" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">The Company used the prospective transition approach for AFS securities for which other-than-temporary-impairment<div style="display:inline-block;width:5px"> </div>has been </div><div id="a3068" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:37px;">recognized prior to January 1, 2022. As a result, the amortized cost basis remains the same before and after the effective date of </div><div id="a3070" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:55px;">ASU 2016-13.<div style="display:inline-block;width:4px"> </div></div><div id="a3075" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:92px;">Because the Company chose the cohort method, the model must consider<div style="display:inline-block;width:5px"> </div>net deferred fees and costs. As a result, the Company </div><div id="a3080" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:110px;">transferred the previously disclosed unearned fees into the applicable loan<div style="display:inline-block;width:5px"> </div>segments.</div></div></div><div id="div_32_XBRL_TS_045e94e636a04bcabb22c351e966cac4" style="position:absolute;left:0px;top:147px;float:left;"><div id="TextBlockContainer33" style="position:relative;font-family:'Times New Roman';font-size:13.28px;color:#000000;line-height:normal;width:660px;height:34px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a3084" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">The following table illustrates the impact of adopting ASU 2016-13 and details how outstanding loan balances have been </div><div id="a3087" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">reclassified because of changes made to the Company’s loan segments under<div style="display:inline-block;width:5px"> </div>CECL</div><div id="a3087_78_1" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:451px;top:18px;">:</div></div></div></div><div id="TextBlockContainer41" style="position:relative;font-family:'Times New Roman';font-size:13.28px;color:#000000;line-height:normal;width:707px;height:145px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a3439" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">In connection with adoption of ASU 2016-13, changes were made to the Company’s loan segments to align with the methodology </div><div id="a3443" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">applied in determining the allowance under CECL. The commercial loan portfolio was separated<div style="display:inline-block;width:5px"> </div>into term loans and lines of </div><div id="a3445" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:37px;">credit. In addition, the remaining Paycheck Protection Program (“PPP”)<div style="display:inline-block;width:5px"> </div>loans were consolidated into the commercial term loan </div><div id="a3452" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:55px;">segment due to their declining outstanding balance. The Company also separated<div style="display:inline-block;width:5px"> </div>the residential and multifamily real estate loan </div><div id="a3457" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:74px;">segments. Refer to “Note 4: Loans and Allowance for Credit Losses (“ACL”)” for detail on the loan segments.<div style="display:inline-block;width:4px"> </div></div><div id="a3468" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:110px;">Accounting Policies:</div><div id="a3469" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:120px;top:110px;"><div style="display:inline-block;width:3px"> </div>The Company updated the below accounting policies due to adoption of ASU 2016-13: </div></div><div id="TextBlockContainer45" style="position:relative;font-family:'Times New Roman';font-size:13.28px;color:#000000;line-height:normal;width:708px;height:494px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a3484" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Accrued Interest - </div><div id="a3489" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:37px;">The Company made an accounting policy election to exclude accrued interest from<div style="display:inline-block;width:5px"> </div>the amortized cost basis of loans. In addition, </div><div id="a3491" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:55px;">the Company elected not to measure an allowance for credit losses for accrued<div style="display:inline-block;width:5px"> </div>interest receivable, because a timely write-off </div><div id="a3496" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:74px;">policy exists. The policy generally requires loans to be placed on nonaccrual<div style="display:inline-block;width:5px"> </div>when principal or interest is 90 days or more past </div><div id="a3498" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:92px;">due unless the loan is well-secured and in the process of collection. A well-secured loan means that collateral or a guaranty has </div><div id="a3506" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:110px;">sufficient value to pay off the loan in full. When a loan is placed on nonaccrual, accrued interest is reversed<div style="display:inline-block;width:5px"> </div>against interest </div><div id="a3511" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:129px;">income.<div style="display:inline-block;width:4px"> </div></div><div id="a3514" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:166px;">The Company made a policy election to exclude accrued interest from<div style="display:inline-block;width:5px"> </div>the amortized cost basis of AFS securities. AFS securities </div><div id="a3547" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:184px;">are placed on non-accrual status when the Company no longer expects<div style="display:inline-block;width:5px"> </div>to receive all contractual amounts due, which is generally </div><div id="a3556" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:202px;">at 90 days past due. Accrued interest receivable is reversed against interest income when a security is placed on nonaccrual<div style="display:inline-block;width:5px"> </div>status. </div><div id="a3558" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:221px;">Accordingly, the Company did not recognize an allowance for credit loss against<div style="display:inline-block;width:5px"> </div>accrued interest receivable.<div style="display:inline-block;width:4px"> </div></div><div id="a3568" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:258px;">Available-for-sale Securities in an Unrealized Loss Position –<div style="display:inline-block;width:2px"> </div></div><div id="a3580" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:294px;">For AFS securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more<div style="display:inline-block;width:5px"> </div>likely than not </div><div id="a3585" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:313px;">that it will be required to sell the security before recovery of its amortized cost basis. If<div style="display:inline-block;width:5px"> </div>either of the criteria regarding<div style="display:inline-block;width:4px"> </div>intent or </div><div id="a3588" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:331px;">requirement to sell is met, the securities’ amortized cost basis is written down to fair value through income. For AFS securities </div><div id="a3590" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:350px;">that do not meet the criteria above, the Company evaluates whether the decline<div style="display:inline-block;width:5px"> </div>in fair value has resulted from credit losses or </div><div id="a3592" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:368px;">other factors. Management considers the extent to which fair value is less than amortized<div style="display:inline-block;width:5px"> </div>cost, any changes to the rating of the </div><div id="a3594" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:386px;">security by a rating agency, and adverse conditions specifically related to<div style="display:inline-block;width:5px"> </div>the security, among other factors.<div style="display:inline-block;width:4px"> </div></div><div id="a3597" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:423px;">If this assessment indicates that a credit loss exists, the present value of cash flows<div style="display:inline-block;width:5px"> </div>expected to be collected from the security is </div><div id="a3601" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:442px;">compared to the amortized cost basis of the security. If the present value of<div style="display:inline-block;width:5px"> </div>cash flows expected to be collected is less than the </div><div id="a3603" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:460px;">amortized cost basis, a credit loss exists and an allowance for credit losses is recorded<div style="display:inline-block;width:5px"> </div>for the credit loss, limited by the amount </div><div id="a3606" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:478px;">that the fair value is less than amortized cost basis.</div></div>
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0.0415 pure
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16828000 USD
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12035000 USD
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51657204 shares
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16828000 USD
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12035000 USD
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659193 shares
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50910490 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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285672 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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669112 shares
CY2022Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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752691000 USD
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6987000 USD
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36900000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
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722778000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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716952000 USD
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31568000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2551000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
745969000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
6000000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
741000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis
5820000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis
99502000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Rolling After Year Ten Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis
646628000 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
752691000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
747000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
6009000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue
101783000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Rolling After Year Ten Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue
614239000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
722778000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Maturity Within One Year Weighted Average Yield
DebtSecuritiesAvailableForSaleMaturityWithinOneYearWeightedAverageYield
0.0349 pure
CY2022Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
416996000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
36900000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
214 Securities
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
161024000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
2546000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Maturity After10 Years Weighted Average Yield
DebtSecuritiesAvailableForSaleMaturityAfter10YearsWeightedAverageYield
0.0244 pure
CY2022Q1 us-gaap Debt Securities Available For Sale Weighted Average Yield
DebtSecuritiesAvailableForSaleWeightedAverageYield
0.0257 pure
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
374284000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
31918000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
199 Securities
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
42712000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
4982000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
15 Securities
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
57 Securities
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
1310000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
4 Securities
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
162334000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
2546000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
61 Securities
CY2022Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 USD
CY2022Q1 us-gaap Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
0 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
1000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Realized Loss Excluding Other Than Temporary Impairment
DebtSecuritiesAvailableForSaleRealizedLossExcludingOtherThanTemporaryImpairment
27000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-26000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
21000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Realized Loss Excluding Other Than Temporary Impairment
DebtSecuritiesAvailableForSaleRealizedLossExcludingOtherThanTemporaryImpairment
11000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
10000 USD
CY2022Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-103000 USD
CY2021Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-39000 USD
CY2022Q1 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
0 USD
CY2021Q1 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
0 USD
CY2022Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-103000 USD
CY2021Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-39000 USD
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
4256213000 USD
CY2022Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
4349568000 USD
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
55231000 USD
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
58375000 USD
CY2022Q1 us-gaap Notes Receivable Net
NotesReceivableNet
4294337000 USD
CY2021Q4 us-gaap Notes Receivable Net
NotesReceivableNet
4197838000 USD
CY2022Q1 us-gaap Financial Asset Amortized Cost Accrued Interest After Allowance For Credit Loss
FinancialAssetAmortizedCostAccruedInterestAfterAllowanceForCreditLoss
10000000 USD
CY2021Q4 us-gaap Financial Asset Amortized Cost Accrued Interest After Allowance For Credit Loss
FinancialAssetAmortizedCostAccruedInterestAfterAllowanceForCreditLoss
10000000 USD
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
-3000000 USD
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
-3000000 USD
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
1000000 USD
CY2022Q1 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
297233000 USD
CY2022Q1 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
1086026000 USD
CY2022Q1 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
574140000 USD
CY2022Q1 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
324390000 USD
CY2022Q1 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
231377000 USD
CY2022Q1 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
179454000 USD
CY2022Q1 us-gaap Financing Receivable Revolving
FinancingReceivableRevolving
1452020000 USD
CY2022Q1 us-gaap Financing Receivable Revolving Converted To Term Loan
FinancingReceivableRevolvingConvertedToTermLoan
204928000 USD
CY2022Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
4349568000 USD
CY2022Q1 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
297233000 USD
CY2022Q1 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
1086026000 USD
CY2022Q1 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
574140000 USD
CY2022Q1 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
324390000 USD
CY2022Q1 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
231377000 USD
CY2022Q1 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
179454000 USD
CY2022Q1 us-gaap Financing Receivable Revolving
FinancingReceivableRevolving
1452020000 USD
CY2022Q1 us-gaap Financing Receivable Revolving Converted To Term Loan
FinancingReceivableRevolvingConvertedToTermLoan
204928000 USD
CY2022Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
4349568000 USD
CY2022Q1 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
1000 USD
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
58375000 USD
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
3612000 USD
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
2531000 USD
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
55231000 USD
CY2021Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
0 USD
CY2022Q1 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
-309000 USD
CY2022Q1 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
4875000 USD
CY2022Q1 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
5000000 USD
CY2022Q1 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0 USD
CY2021Q1 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0 USD
CY2022Q1 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
38000000 USD
CY2021Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
40000000 USD
CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
4269620000 USD
CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
4269620000 USD
CY2021Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
90000 USD
CY2021Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
31432000 USD
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
5597000 USD
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
52778000 USD
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
58375000 USD
CY2021Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
56927000 USD
CY2021Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
4212693000 USD
CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
4269620000 USD
CY2021Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
56927000 USD
CY2021Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
67089000 USD
CY2021Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
5597000 USD
CY2021Q1 cfb Financing Receivable Impaired Interest Income
FinancingReceivableImpairedInterestIncome
642000 USD
CY2021Q1 cfb Financing Receivable Average Balance Of Impaired Loans
FinancingReceivableAverageBalanceOfImpairedLoans
112000000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
75295000 USD
CY2021Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
7500000 USD
CY2021Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
8266000 USD
CY2021Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
22000 USD
CY2021Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
74551000 USD
CY2022Q1 us-gaap Time Deposit Maturities Next Rolling Twelve Months
TimeDepositMaturitiesNextRollingTwelveMonths
445252000 USD
CY2022Q1 us-gaap Time Deposit Maturities Rolling Year Two
TimeDepositMaturitiesRollingYearTwo
54360000 USD
CY2022Q1 us-gaap Time Deposit Maturities Rolling Year Three
TimeDepositMaturitiesRollingYearThree
10248000 USD
CY2022Q1 us-gaap Time Deposit Maturities Rolling Year Four
TimeDepositMaturitiesRollingYearFour
1151000 USD
CY2022Q1 us-gaap Time Deposit Maturities Rolling Year Five
TimeDepositMaturitiesRollingYearFive
1056000 USD
CY2022Q1 us-gaap Time Deposit Maturities After Rolling Year Five
TimeDepositMaturitiesAfterRollingYearFive
0 USD
CY2022Q1 us-gaap Time Deposits
TimeDeposits
512067000 USD
CY2022Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Due In Next Rolling Twelve Months
FederalHomeLoanBankAdvancesMaturitiesSummaryDueInNextRollingTwelveMonths
11500000 USD
CY2022Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Due In Rolling Year Two
FederalHomeLoanBankAdvancesMaturitiesSummaryDueInRollingYearTwo
35000000 USD
CY2022Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Due In Rolling Year Three
FederalHomeLoanBankAdvancesMaturitiesSummaryDueInRollingYearThree
0 USD
CY2022Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Due In Rolling Year Four
FederalHomeLoanBankAdvancesMaturitiesSummaryDueInRollingYearFour
5100000 USD
CY2022Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Due In Rolling Year Five
FederalHomeLoanBankAdvancesMaturitiesSummaryDueInRollingYearFive
0 USD
CY2022Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Due After Rolling Year Five
FederalHomeLoanBankAdvancesMaturitiesSummaryDueAfterRollingYearFive
175000000 USD
CY2022Q1 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
226600000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
0 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
0 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
0 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
0 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive
0 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive
1022000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
1022000 USD
CY2022Q1 cfb Time Deposit Maturities And Borrowings Next Rolling Twelve Months
TimeDepositMaturitiesAndBorrowingsNextRollingTwelveMonths
456752000 USD
CY2022Q1 cfb Time Deposit Maturities And Borrowings Rolling Year Two
TimeDepositMaturitiesAndBorrowingsRollingYearTwo
89360000 USD
CY2022Q1 cfb Time Deposit Maturities And Borrowings Rolling Year Three
TimeDepositMaturitiesAndBorrowingsRollingYearThree
10248000 USD
CY2022Q1 cfb Time Deposit Maturities And Borrowings Rolling Year Four
TimeDepositMaturitiesAndBorrowingsRollingYearFour
6251000 USD
CY2022Q1 cfb Time Deposit Maturities And Borrowings Rolling Year Five
TimeDepositMaturitiesAndBorrowingsRollingYearFive
1056000 USD
CY2022Q1 cfb Time Deposit Maturities And Borrowings After Rolling Year Five
TimeDepositMaturitiesAndBorrowingsAfterRollingYearFive
176022000 USD
CY2022Q1 cfb Time Deposit Maturities And Borrowings
TimeDepositMaturitiesAndBorrowings
739689000 USD
CY2022Q1 cfb Financial Instruments Subject To Mandatory Redemption Contract Value
FinancialInstrumentsSubjectToMandatoryRedemptionContractValue
2600000 USD
CY2022Q1 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
644506000 USD
CY2021Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.125 pure
CY2022Q1 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.116 pure
CY2022Q1 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
222092000 USD
CY2021Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
440430000 USD
CY2021Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.085 pure
CY2022Q1 cfb Common Equity Tier One Capital Required For Capital Adequacy To Risk Weighted Assets
CommonEquityTierOneCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.070 pure
CY2022Q1 us-gaap Banking Regulation Capital Conservation Buffer Capital Conserved Minimum
BankingRegulationCapitalConservationBufferCapitalConservedMinimum
0.025 pure
CY2022Q1 us-gaap Capital
Capital
704612000 USD
CY2022Q1 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.130 pure
CY2022Q1 us-gaap Capital Required For Capital Adequacy
CapitalRequiredForCapitalAdequacy
568675000 USD
CY2022Q1 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.105 pure
CY2022Q1 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
644506000 USD
CY2022Q1 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.119 pure
CY2022Q1 us-gaap Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
460356000 USD
CY2022Q1 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.085 pure
CY2022Q1 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
643484000 USD
CY2022Q1 us-gaap Common Equity Tier One Capital Ratio
CommonEquityTierOneCapitalRatio
0.119 pure
CY2022Q1 us-gaap Common Equity Tier One Capital Required For Capital Adequacy
CommonEquityTierOneCapitalRequiredForCapitalAdequacy
379117000 USD
CY2022Q1 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.040 pure
CY2021Q4 us-gaap Capital
Capital
704544000 USD
CY2021Q4 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.136 pure
CY2021Q4 us-gaap Capital Required For Capital Adequacy
CapitalRequiredForCapitalAdequacy
544060000 USD
CY2021Q4 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.105 pure
CY2021Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
646169000 USD
CY2021Q4 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
645160000 USD
CY2021Q4 us-gaap Common Equity Tier One Capital Ratio
CommonEquityTierOneCapitalRatio
0.125 pure
CY2021Q4 us-gaap Common Equity Tier One Capital Required For Capital Adequacy
CommonEquityTierOneCapitalRequiredForCapitalAdequacy
362707000 USD
CY2021Q4 cfb Common Equity Tier One Capital Required For Capital Adequacy To Risk Weighted Assets
CommonEquityTierOneCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.070 pure
CY2021Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
646169000 USD
CY2021Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.118 pure
CY2021Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
218510000 USD
CY2021Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.040 pure
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1115000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
649000 USD
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
4413000 USD
CY2021Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3138000 USD
CY2022Q1 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
854000 USD
CY2021Q1 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
790000 USD
CY2022Q1 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
82000 USD
CY2021Q1 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
50000 USD
CY2022Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
696000 USD
CY2021Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
496000 USD
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-169000 USD
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
14000 USD
CY2022Q1 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
20000 USD
CY2021Q1 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
0 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
2735000 USD
CY2022Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
1653000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
2418000 USD
CY2022Q1 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
774000 USD
CY2021Q4 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
1033000 USD
CY2022Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
561000 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
2057000 USD
CY2022Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
29021000 USD
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
26029000 USD
CY2022Q1 cfb Deferred Tax Liabilities Unrealized Gains On Available For Sale Securities
DeferredTaxLiabilitiesUnrealizedGainsOnAvailableForSaleSecurities
0 USD
CY2021Q4 cfb Deferred Tax Liabilities Unrealized Gains On Available For Sale Securities
DeferredTaxLiabilitiesUnrealizedGainsOnAvailableForSaleSecurities
6967000 USD
CY2022Q1 cfb Deferred Tax Liabilities Federal Home Loan Bank Basis
DeferredTaxLiabilitiesFederalHomeLoanBankBasis
689000 USD
CY2022Q1 us-gaap Deferred Tax Assets Unrealized Losses On Availablefor Sale Securities Gross
DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross
6808000 USD
CY2021Q4 us-gaap Deferred Tax Assets Unrealized Losses On Availablefor Sale Securities Gross
DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross
0 USD
CY2022Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
14467000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
14051000 USD
CY2022Q1 cfb Deferred Tax Assets Lease Incentive
DeferredTaxAssetsLeaseIncentive
495000 USD
CY2021Q4 cfb Deferred Tax Assets Lease Incentive
DeferredTaxAssetsLeaseIncentive
508000 USD
CY2022Q1 cfb Deferred Tax Assets Loan Fees
DeferredTaxAssetsLoanFees
3190000 USD
CY2021Q4 cfb Deferred Tax Assets Loan Fees
DeferredTaxAssetsLoanFees
3227000 USD
CY2022Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
1073000 USD
CY2021Q4 cfb Deferred Tax Liabilities Federal Home Loan Bank Basis
DeferredTaxLiabilitiesFederalHomeLoanBankBasis
757000 USD
CY2022Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2470000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2602000 USD
CY2022Q1 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
969000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1229000 USD
CY2022Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
4128000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
11555000 USD
CY2022Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
24893000 USD
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
14474000 USD
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
726000 USD
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
213000 USD
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
5000 USD
CY2022Q1 us-gaap Lease Cost
LeaseCost
944000 USD
CY2022Q1 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
2172934000 USD
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
23000000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
26000000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y6M
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0190 pure
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2305000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3168000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2892000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2903000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2935000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
15509000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
29712000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4084000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
25628000 USD
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
743000 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2022Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
33500 shares
CY2022Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
5.00
CY2022Q1 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
33500 shares
CY2022Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
80000 shares
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
113500 shares
CY2022Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
5.00
CY2022Q1 cfb Number Of Warrants Expire Next Fiscal Year
NumberOfWarrantsExpireNextFiscalYear
80000 shares
CY2022Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
5.00

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