2018 Q2 Form 10-Q Financial Statement

#000088734318000143 Filed on August 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $120.5M $87.79M
YoY Change 37.32% 5.38%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $5.221M $4.741M
YoY Change 10.12% 20.67%
% of Gross Profit
Depreciation & Amortization $9.200M $7.900M
YoY Change 16.46% -2.47%
% of Gross Profit
Operating Expenses $5.221M $4.741M
YoY Change 10.12% 20.67%
Operating Profit
YoY Change
Interest Expense $3.875M $1.625M
YoY Change 138.46% 39.72%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $51.75M $38.25M
YoY Change 35.28% 4.37%
Income Tax $9.999M $11.12M
% Of Pretax Income 19.32% 29.07%
Net Earnings $41.75M $27.13M
YoY Change 53.87% 6.8%
Net Earnings / Revenue 34.63% 30.91%
Basic Earnings Per Share $0.57 $0.47
Diluted Earnings Per Share $0.57 $0.47
COMMON SHARES
Basic Shares Outstanding 72.39M shares 57.52M shares
Diluted Shares Outstanding 72.39M shares 57.53M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $263.5M $212.0M
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 $168.3M $146.7M
YoY Change 14.71% -6.21%
Goodwill $765.8M $382.8M
YoY Change 100.08% 0.0%
Intangibles $51.90M $15.03M
YoY Change 245.22% -26.71%
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 $12.63B $9.685B
YoY Change 30.39% 3.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $46.00M $66.00M
YoY Change -30.3% -25.84%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $46.00M $66.00M
YoY Change -30.3% -25.84%
LONG-TERM LIABILITIES
Long-Term Debt $36.00M $0.00
YoY Change
Other Long-Term Liabilities $98.00M $90.00M
YoY Change 8.89% -19.64%
Total Long-Term Liabilities $134.0M $90.00M
YoY Change 48.89% -19.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $46.00M $66.00M
Total Long-Term Liabilities $134.0M $90.00M
Total Liabilities $10.66B $8.388B
YoY Change 27.13% 3.82%
SHAREHOLDERS EQUITY
Retained Earnings $383.9M $302.6M
YoY Change 26.89% 16.77%
Common Stock $1.637B $1.001B
YoY Change 63.48% 0.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.965B $1.297B
YoY Change
Total Liabilities & Shareholders Equity $12.63B $9.685B
YoY Change 30.39% 3.54%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $41.75M $27.13M
YoY Change 53.87% 6.8%
Depreciation, Depletion And Amortization $9.200M $7.900M
YoY Change 16.46% -2.47%
Cash From Operating Activities $71.00M $21.20M
YoY Change 234.91% -52.25%
INVESTING ACTIVITIES
Capital Expenditures -$2.900M -$1.600M
YoY Change 81.25% 100.0%
Acquisitions
YoY Change
Other Investing Activities -$147.7M -$124.1M
YoY Change 19.02% -61.5%
Cash From Investing Activities -$150.6M -$125.7M
YoY Change 19.81% -61.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 49.50M 133.7M
YoY Change -62.98% -50.17%
NET CHANGE
Cash From Operating Activities 71.00M 21.20M
Cash From Investing Activities -150.6M -125.7M
Cash From Financing Activities 49.50M 133.7M
Net Change In Cash -30.10M 29.20M
YoY Change -203.08% -380.77%
FREE CASH FLOW
Cash From Operating Activities $71.00M $21.20M
Capital Expenditures -$2.900M -$1.600M
Free Cash Flow $73.90M $22.80M
YoY Change 224.12% -49.56%

Facts In Submission

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1083696000 USD
CY2018Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
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1047167000 USD
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127209000 USD
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127133000 USD
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0 USD
us-gaap Available For Sale Securities Gross Realized Gain Loss Net
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CY2017Q2 us-gaap Available For Sale Securities Gross Realized Gains
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0 USD
us-gaap Available For Sale Securities Gross Realized Gains
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0 USD
CY2018Q2 us-gaap Available For Sale Securities Gross Realized Gains
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87000 USD
us-gaap Available For Sale Securities Gross Realized Gains
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235000 USD
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0 USD
us-gaap Available For Sale Securities Gross Realized Losses
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0 USD
CY2018Q2 us-gaap Available For Sale Securities Gross Realized Losses
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83000 USD
us-gaap Available For Sale Securities Gross Realized Losses
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129000 USD
CY2017Q2 us-gaap Bank Owned Life Insurance Income
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2713000 USD
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1712000 USD
us-gaap Bank Owned Life Insurance Income
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3138000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
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0 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
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40000 USD
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2017Q4 us-gaap Cash And Due From Banks
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224370000 USD
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45191000 USD
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35706000 USD
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31176000 USD
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29355000 USD
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25350000 USD
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us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
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1937000 USD
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion
4202000 USD
CY2017Q2 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Disposals Of Loans
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0 USD
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Disposals Of Loans
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158000 USD
CY2018Q2 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Disposals Of Loans
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7000 USD
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Disposals Of Loans
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166000 USD
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144000 USD
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications To From Nonaccretable Difference
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us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications To From Nonaccretable Difference
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0.44
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us-gaap Common Stock Dividends Per Share Cash Paid
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0.48
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4741000 USD
us-gaap Communications And Information Technology
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8949000 USD
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5221000 USD
us-gaap Communications And Information Technology
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10491000 USD
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us-gaap Comprehensive Income Net Of Tax
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CY2018Q2 us-gaap Comprehensive Income Net Of Tax
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33961000 USD
us-gaap Comprehensive Income Net Of Tax
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47866000 USD
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0 USD
us-gaap Debt Instrument Interest Rate Terms
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471.5
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CY2018Q2 us-gaap Deposits
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us-gaap Depreciation Amortization And Accretion Net
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13968000 USD
us-gaap Depreciation Amortization And Accretion Net
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16788000 USD
us-gaap Dividends Common Stock Cash
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25621000 USD
us-gaap Dividends Common Stock Cash
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35105000 USD
CY2017Q2 us-gaap Earnings Per Share Basic
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0.47
us-gaap Earnings Per Share Basic
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0.97
CY2018Q2 us-gaap Earnings Per Share Basic
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0.57
us-gaap Earnings Per Share Basic
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1.12
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0.47
us-gaap Earnings Per Share Diluted
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0.97
CY2018Q2 us-gaap Earnings Per Share Diluted
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4963000 USD
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0 USD
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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0 USD
CY2018Q2 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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-37000 USD
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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us-gaap Fair Value Liabilities Level2 To Level1 Transfers Description
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0
CY2017Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
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us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
1517000 USD
CY2018Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
937000 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
1874000 USD
CY2017Q4 us-gaap Federal Home Loan Bank Advances Long Term
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11579000 USD
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99549000 USD
CY2017Q4 us-gaap Federal Home Loan Bank Stock
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0
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
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0
CY2018Q2 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
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0
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
CY2017Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
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CY2018Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
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CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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5960000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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5880000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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7264000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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8724000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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10479000 USD
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2000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
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6000 USD
CY2018Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
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2000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
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8000 USD
CY2017Q2 us-gaap Gain Loss On Investments
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0 USD
us-gaap Gain Loss On Investments
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0 USD
CY2018Q2 us-gaap Gain Loss On Investments
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us-gaap Gain Loss On Investments
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us-gaap Gain Loss On Sale Of Other Assets
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16000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
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5000 USD
CY2018Q2 us-gaap Gains Losses On Sales Of Other Real Estate
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us-gaap Gains Losses On Sales Of Other Real Estate
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CY2017Q2 us-gaap Goodwill
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CY2018Q2 us-gaap Goodwill
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38252000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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78025000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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51748000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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98533000 USD
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11120000 USD
us-gaap Income Tax Expense Benefit
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21694000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
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9999000 USD
us-gaap Income Tax Expense Benefit
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16814000 USD
us-gaap Income Taxes Paid
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22881000 USD
us-gaap Income Taxes Paid
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3621000 USD
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13078000 USD
us-gaap Increase Decrease In Deposits
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us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
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us-gaap Increase Decrease In Interest And Dividends Receivable
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782000 USD
us-gaap Increase Decrease In Interest And Dividends Receivable
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2224000 USD
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35000 USD
us-gaap Increase Decrease In Interest Payable Net
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12580000 USD
us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Increase Decrease In Other Operating Liabilities
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CY2017Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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919000 USD
CY2018Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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919000 USD
CY2017Q2 us-gaap Intangible Assets Net Excluding Goodwill
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15033000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
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58173000 USD
CY2018Q2 us-gaap Intangible Assets Net Excluding Goodwill
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51897000 USD
CY2017Q2 us-gaap Interest And Dividend Income Operating
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us-gaap Interest And Dividend Income Operating
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120549000 USD
us-gaap Interest And Dividend Income Operating
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us-gaap Interest And Fee Income Loans And Leases
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149699000 USD
CY2018Q2 us-gaap Interest And Fee Income Loans And Leases
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105412000 USD
us-gaap Interest And Fee Income Loans And Leases
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208439000 USD
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5450184000 USD
CY2018Q2 us-gaap Interest Bearing Deposit Liabilities
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5430011000 USD
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39169000 USD
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1625000 USD
us-gaap Interest Expense
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3875000 USD
us-gaap Interest Expense
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7538000 USD
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908000 USD
us-gaap Interest Expense Deposits
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1695000 USD
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2572000 USD
us-gaap Interest Expense Deposits
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5081000 USD
CY2017Q2 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
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591000 USD
us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
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816000 USD
CY2018Q2 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
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815000 USD
us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
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1385000 USD
CY2017Q2 us-gaap Interest Expense Other Short Term Borrowings
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126000 USD
us-gaap Interest Expense Other Short Term Borrowings
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255000 USD
CY2018Q2 us-gaap Interest Expense Other Short Term Borrowings
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20000 USD
CY2017Q2 us-gaap Interest Expense Subordinated Notes And Debentures
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0 USD
us-gaap Interest Expense Subordinated Notes And Debentures
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0 USD
CY2018Q2 us-gaap Interest Expense Subordinated Notes And Debentures
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468000 USD
us-gaap Interest Expense Subordinated Notes And Debentures
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936000 USD
CY2017Q2 us-gaap Interest Income Deposits With Financial Institutions
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23000 USD
us-gaap Interest Income Deposits With Financial Institutions
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42000 USD
CY2018Q2 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
151000 USD
us-gaap Interest Income Deposits With Financial Institutions
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496000 USD
CY2017Q2 us-gaap Interest Income Expense After Provision For Loan Loss
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us-gaap Interest Income Expense After Provision For Loan Loss
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166884000 USD
CY2018Q2 us-gaap Interest Income Expense After Provision For Loan Loss
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112699000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
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222328000 USD
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86161000 USD
us-gaap Interest Income Expense Net
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172836000 USD
CY2018Q2 us-gaap Interest Income Expense Net
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116674000 USD
us-gaap Interest Income Expense Net
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232155000 USD
CY2017Q2 us-gaap Interest Income Securities Tax Exempt
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2716000 USD
us-gaap Interest Income Securities Tax Exempt
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5407000 USD
CY2018Q2 us-gaap Interest Income Securities Tax Exempt
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3063000 USD
us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
6127000 USD
CY2017Q2 us-gaap Interest Income Securities Taxable
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9468000 USD
us-gaap Interest Income Securities Taxable
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20454000 USD
CY2018Q2 us-gaap Interest Income Securities Taxable
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11923000 USD
us-gaap Interest Income Securities Taxable
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24631000 USD
us-gaap Interest Paid Net
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2731000 USD
us-gaap Interest Paid Net
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7573000 USD
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40881000 USD
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43105000 USD
CY2017Q4 us-gaap Junior Subordinated Notes
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8248000 USD
CY2018Q2 us-gaap Junior Subordinated Notes
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0 USD
CY2017Q2 us-gaap Labor And Related Expense
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38393000 USD
us-gaap Labor And Related Expense
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79218000 USD
CY2018Q2 us-gaap Labor And Related Expense
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48949000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
99519000 USD
CY2017Q4 us-gaap Liabilities
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10766964000 USD
CY2018Q2 us-gaap Liabilities
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10663705000 USD
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52111000 USD
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45430000 USD
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10000000 USD
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14000 USD
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199000 USD
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5766000 USD
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57245000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Noninterest Expense
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137853000 USD
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84643000 USD
us-gaap Noninterest Expense
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us-gaap Noninterest Income
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CY2018Q2 us-gaap Noninterest Income
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23692000 USD
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988000 USD
us-gaap Noninterest Income Other
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3380000 USD
CY2018Q2 us-gaap Noninterest Income Other
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441000 USD
us-gaap Noninterest Income Other
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1667000 USD
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4604000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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0 USD
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OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
0 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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0 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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0 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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45000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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132000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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61000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
122000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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-26000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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CY2018Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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12471000 USD
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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
4000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
82000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
0 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
1000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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25000 USD
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6033000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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7735000 USD
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
2376000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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10267000 USD
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10188000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
18197000 USD
CY2018Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
9061000 USD
us-gaap Other Noninterest Expense
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18870000 USD
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us-gaap Payments For Federal Home Loan Bank Advances
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2155000000 USD
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65902000 USD
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
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67311000 USD
us-gaap Payments For Proceeds From Loans And Leases
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216541000 USD
us-gaap Payments For Proceeds From Loans And Leases
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100485000 USD
us-gaap Payments For Repurchase Of Common Stock
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2215000 USD
us-gaap Payments For Repurchase Of Common Stock
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2627000 USD
us-gaap Payments Of Dividends Common Stock
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25621000 USD
us-gaap Payments Of Dividends Common Stock
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35105000 USD
us-gaap Payments To Acquire Available For Sale Securities
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114309000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
215612000 USD
us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
86840000 USD
us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
89720000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1947000 USD
us-gaap Proceeds From Federal Home Loan Bank Advances
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2171000000 USD
us-gaap Proceeds From Federal Home Loan Bank Advances
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2243000000 USD
us-gaap Proceeds From Federal Home Loan Bank Borrowings
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10000 USD
us-gaap Proceeds From Federal Home Loan Bank Borrowings
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10000 USD
us-gaap Proceeds From Life Insurance Policies
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8538000 USD
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
5074000 USD
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ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
131472000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
219683000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
0 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
32330000 USD
CY2017Q2 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 USD
CY2018Q2 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
12569000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
32330000 USD
us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
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80720000 USD
us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
86200000 USD
us-gaap Proceeds From Sale Of Foreclosed Assets
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1719000 USD
us-gaap Proceeds From Sale Of Loans Held For Sale
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64830000 USD
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
66304000 USD
CY2017Q2 us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
444000 USD
us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
1719000 USD
CY2018Q2 us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
3759000 USD
us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
5821000 USD
us-gaap Proceeds From Sales Of Assets Investing Activities
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8133000 USD
us-gaap Proceeds From Sales Of Assets Investing Activities
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6236000 USD
us-gaap Proceeds From Stock Options Exercised
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1155000 USD
us-gaap Proceeds From Stock Options Exercised
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736000 USD
CY2017Q2 us-gaap Professional Fees
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2947000 USD
us-gaap Professional Fees
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6316000 USD
CY2018Q2 us-gaap Professional Fees
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4171000 USD
us-gaap Professional Fees
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7408000 USD
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169490000 USD
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168315000 USD
CY2017Q2 us-gaap Provision For Loan And Lease Losses
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3177000 USD
CY2018Q2 us-gaap Provision For Loan And Lease Losses
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3975000 USD
us-gaap Provision For Loan And Lease Losses
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9827000 USD
CY2016Q4 us-gaap Real Estate Acquired Through Foreclosure
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5998000 USD
CY2017Q1 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
4519000 USD
CY2017Q2 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
4058000 USD
CY2017Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
13298000 USD
CY2018Q1 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
11507000 USD
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7080000 USD
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-132000 USD
CY2018Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-57000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Repayments Of Federal Home Loan Bank Borrowings
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10000 USD
us-gaap Repayments Of Federal Home Loan Bank Borrowings
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10000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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337442000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
383899000 USD
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0 USD
CY2018Q2 us-gaap Secured Borrowings Gross Including Not Subject To Master Netting Arrangement
SecuredBorrowingsGrossIncludingNotSubjectToMasterNettingArrangement
46229000 USD
CY2017Q4 us-gaap Securities Sold Under Agreements To Repurchase
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79059000 USD
CY2018Q2 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
46229000 USD
CY2017Q4 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Securities
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities
79059000 USD
CY2018Q2 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Securities
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities
46229000 USD
us-gaap Share Based Compensation
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4114000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4083000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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4114000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
4083000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1155000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
736000 USD
us-gaap Stock Repurchased And Retired During Period Value
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2215000 USD
us-gaap Stock Repurchased And Retired During Period Value
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2627000 USD
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CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
1297314000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
1949922000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
1964881000 USD
CY2017Q4 us-gaap Subordinated Debt
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35647000 USD
CY2018Q2 us-gaap Subordinated Debt
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35555000 USD
us-gaap Transfer To Other Real Estate
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0 USD
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
406000 USD
CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
5000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
5000 shares
CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
5000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57525000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57442000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72390000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72347000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57520000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57437000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72385000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72343000 shares
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Accounting Pronouncements Recently Issued</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2016, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) 2016-15, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Classification of Certain Cash Receipts and Cash Payments</font><font style="font-family:inherit;font-size:10pt;">. The amendments in this ASU provide specific guidance on several statement of cash flow classification issues to reduce diversity in practice. The amendments in ASU 2016-15 are effective for fiscal years beginning after December 15, 2017 and interim periods within those fiscal years. The Company has reclassified items in the Statement of Cash Flows for the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> to conform with its current presentation based on its adoption of ASU 2016-15.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued ASU 2016-13, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Measurement of Credit Losses on Financial Instruments</font><font style="font-family:inherit;font-size:10pt;">. The amendments included in this ASU require an entity to reflect its current estimate of all expected credit losses for assets held at an amortized cost basis. For available for sale debt securities, credit losses will be measured in a manner similar to current GAAP, however, this ASU will require that credit losses be presented as an allowance rather than as a write-down. The amendments in ASU 2016-13 are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, and are required to be adopted through a modified retrospective approach, with a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the ASU is effective.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Currently, the Company cannot reasonably estimate the impact that adoption of ASU 2016-13 will have on its Consolidated Financial Statements; however, the impact may be significant. That assessment is based upon the fact that, unlike the incurred loss models in existing GAAP, the current expected credit loss (&#8220;CECL&#8221;) model in ASU 2016-13 does not specify a threshold for the recognition of an impairment allowance. Rather, the Company will recognize an impairment allowance equal to its estimate of lifetime expected credit losses, adjusted for prepayments, for in-scope financial instruments as of the end of the reporting period. Accordingly, the impairment allowance measured under the CECL model could increase significantly from the impairment allowance measured under the Company&#8217;s existing incurred loss model. Significant CECL implementation matters to be addressed by the Company include selecting loss estimation methodologies, identifying, sourcing and storing data, addressing data gaps, defining a reasonable and supportable forecast period, selecting historical loss information which will be reverted to, documenting the CECL estimation process, assessing the impact to internal controls over financial reporting, capital planning and seeking process approval from audit and regulatory stakeholders.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases</font><font style="font-family:inherit;font-size:10pt;">. The amendments included in this ASU create a new accounting model for both lessees and lessors. The new guidance requires lessees to recognize lease liabilities, initially measured as the present value of future lease payments, and corresponding right-of-use assets for all leases with lease terms greater than 12 months. This model differs from the current lease accounting model, which does not require such lease liabilities and corresponding right-of-use assets to be recorded for operating leases. The amendments in ASU 2016-02 must be adopted using the modified retrospective approach and will be effective for the first interim or annual period beginning after December 15, 2018. Early adoption is permitted. During 2017, the Company selected a third-party lease accounting application to assist in the implementation of this new guidance. Significant implementation matters to be addressed by the Company include assessing the impact to our internal controls over financial reporting and documenting the new lease accounting process. We do not expect a material impact to our Consolidated Statement of Income as a result of this ASU. See Note 18, &#8220;Commitments and Contingent Liabilities&#8221; to our 2017 Form 10-K, for more information regarding the minimum future payments related to our operating leases.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2016, the FASB issued ASU 2016-01, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recognition and Measurement of Financial Assets and Financial Liabilities</font><font style="font-family:inherit;font-size:10pt;">. The amendments in ASU 2016-01 require all equity investments to be measured at fair value with changes in the fair value recognized through net income. The amendments in ASU 2016-01 also require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. In addition, the amendments in this update eliminate the requirement to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet for public business entities. The amendments in ASU 2016-01 are effective for the first interim or annual period beginning after December 15, 2017. The Company adopted the amendments of ASU 2016-01 effective January 1, 2018 and recorded a cumulative effect adjustment of </font><font style="font-family:inherit;font-size:10pt;">$157 thousand</font><font style="font-family:inherit;font-size:10pt;"> to retained earnings related to the unrealized holding losses on equity securities with readily determinable fair value included in accumulated other comprehensive loss. The Company also added a separate line item on the Consolidated Balance Sheet for equity securities at fair value and reclassified amounts previously included in securities available for sale at fair value to conform to current period presentation. In addition, as required by the ASU, the fair value disclosure for loans is computed using an exit price notion and deposits with no stated maturity are no longer included in the fair value disclosures in </font><a style="font-family:inherit;font-size:10pt;" href="#s8C9B53EBBEFF516FA61067DEC5B545C3"><font style="font-family:inherit;font-size:10pt;">Note 15, &#8220;Fair Value Accounting and Measurement.&#8221;</font></a></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU 2014-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers</font><font style="font-family:inherit;font-size:10pt;">, which provides revenue recognition guidance that is intended to create greater consistency with respect to how and when revenue from contracts with customers is shown in the income statement. The guidance requires that revenue from contracts with customers be recognized when transfer of control over goods or services is passed to customers in the amount of consideration expected to be received. Subsequent Accounting Standard Updates have been issued clarifying the original pronouncement (ASU 2016-08, ASU 2016-10, ASU 2016-12 and ASU 2016-20). The majority of the Company&#8217;s revenue is comprised of interest income from financial assets, which is specifically outside the scope of ASU 2014-09. </font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 1, 2018, we adopted the accounting guidance in ASU 2014-09 and all the related amendments (&#8220;Topic 606&#8221;) using the modified retrospective method for all contracts that have not been completed (i.e. open contracts). Therefore, the comparative information has not been adjusted and continues to be reported under Topic 605. There was no cumulative effect adjustment as of January 1, 2018, and there were no material changes to the timing or amount of revenue recognized for the six months ended June 30, 2018; however, additional disclosures were incorporated in the footnotes upon adoption. See </font><a style="font-family:inherit;font-size:10pt;" href="#s32D8F5C5B60A5352A52C8D84FFC9B4B7"><font style="font-family:inherit;font-size:10pt;">Note 17, &#8220;Revenue from Contracts with Customers,&#8221;</font></a><font style="font-family:inherit;font-size:10pt;"> for more information.</font></div></div>

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