2017 Q4 Form 10-K Financial Statement

#000109815119000009 Filed on March 14, 2019

View on sec.gov

Income Statement

Concept 2017 Q4 2016 Q4 2016 Q3
Revenue $7.916M $7.038M $7.006M
YoY Change 12.48%
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 $790.0K $780.0K $750.0K
YoY Change 1.28% -15.22% -17.58%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $866.0K $601.0K $585.0K
YoY Change 44.09%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.455M $2.767M $2.811M
YoY Change -47.42% 12.48% 7.29%
Income Tax -$872.0K $738.0K $776.0K
% Of Pretax Income -59.93% 26.67% 27.61%
Net Earnings $2.327M $2.029M $2.035M
YoY Change 14.69% 11.48% 5.44%
Net Earnings / Revenue 29.4% 28.83% 29.05%
Basic Earnings Per Share $0.63 $0.55 $0.55
Diluted Earnings Per Share $0.61 $0.55 $0.55
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q4 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $15.83M $25.84M
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 $16.58M $17.20M $16.50M
YoY Change -3.63% 2.99% -2.37%
Goodwill $209.0K
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets -$1.800M -$2.400M
YoY Change -25.0% 60.0%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $863.6M $792.9M $770.4M
YoY Change 8.92% 8.71% 5.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.400M $4.600M $6.100M
YoY Change 39.13% 12.2% 60.53%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $18.50M $4.200M $11.00M
YoY Change 340.52% -85.11% 64.18%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.400M $4.600M $6.100M
YoY Change 39.13% 12.2% 60.53%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $6.400M $4.600M $6.100M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $776.3M $712.3M $688.9M
YoY Change 8.98% 9.08% 5.4%
SHAREHOLDERS EQUITY
Retained Earnings $57.22M
YoY Change
Common Stock $28.36M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $87.38M $80.63M $81.60M
YoY Change
Total Liabilities & Shareholders Equity $863.6M $792.9M $770.4M
YoY Change 8.92% 8.71% 5.65%

Cashflow Statement

Concept 2017 Q4 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income $2.327M $2.029M $2.035M
YoY Change 14.69% 11.48% 5.44%
Depreciation, Depletion And Amortization $790.0K $780.0K $750.0K
YoY Change 1.28% -15.22% -17.58%
Cash From Operating Activities $2.420M $5.580M $4.350M
YoY Change -56.63% 161.97% -20.33%
INVESTING ACTIVITIES
Capital Expenditures -$170.0K -$400.0K -$280.0K
YoY Change -57.5% 2.56% 55.56%
Acquisitions
YoY Change
Other Investing Activities -$12.05M -$34.69M -$12.03M
YoY Change -65.26% 157.34% 29.91%
Cash From Investing Activities -$12.23M -$35.09M -$12.30M
YoY Change -65.15% 153.17% 30.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -16.24M 23.92M 11.53M
YoY Change -167.89% -1532.34% 45.21%
NET CHANGE
Cash From Operating Activities 2.420M 5.580M 4.350M
Cash From Investing Activities -12.23M -35.09M -12.30M
Cash From Financing Activities -16.24M 23.92M 11.53M
Net Change In Cash -26.05M -5.590M 3.580M
YoY Change 366.01% -58.28% -9.37%
FREE CASH FLOW
Cash From Operating Activities $2.420M $5.580M $4.350M
Capital Expenditures -$170.0K -$400.0K -$280.0K
Free Cash Flow $2.590M $5.980M $4.630M
YoY Change -56.69% 137.3% -17.91%

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CY2018 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
598000
CY2017Q4 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
CY2018Q4 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
375000
CY2018Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
336000
CY2017Q4 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
CapitalLeasesBalanceSheetAssetsByMajorClassNet
CY2018Q4 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
CapitalLeasesBalanceSheetAssetsByMajorClassNet
333000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due
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CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due Current
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77000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
52000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
77000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
77000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
77000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
24000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
336000
CY2018 us-gaap Capital Leases Income Statement Amortization Expense
CapitalLeasesIncomeStatementAmortizationExpense
42000
CY2018 us-gaap Capital Leases Income Statement Interest Expense
CapitalLeasesIncomeStatementInterestExpense
6000
CY2017Q4 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
CY2018Q4 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
42000
CY2017 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
11817000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15825000
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17485000
CY2017Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
14143000
CY2018Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
16025000
CY2018Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000
CY2017 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.88
CY2017Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
CY2018Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
CY2017Q4 us-gaap Common Stock Shares Authorized
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10000000
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3734478
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3759426
CY2017Q4 us-gaap Common Stock Shares Outstanding
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3734478
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3759426
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
28361000
CY2018Q4 us-gaap Common Stock Value
CommonStockValue
29715000
CY2016 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
981000
CY2018 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
1470000
CY2016 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6886000
CY2018Q4 us-gaap Deferred Tax Assets Unrealized Losses On Availablefor Sale Securities Gross
DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross
291000
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1110000
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;">SIGNIFICANT GROUP CONCENTRATION OF CREDIT RISK</font> </p> <p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">The Company originates commercial, consumer, and mortgage loans to customers primarily located in Lackawanna and Luzerne Counties of Pennsylvania.&nbsp;&nbsp;Although the Company has a diversified loan portfolio, a substantial portion of its debtors&#x2019; ability to honor their contracts is dependent on the economic sector in which the Company operates.&nbsp;&nbsp;The loan portfolio does not have any significant concentrations from one industry or customer.</font> </p> <p><font size="1"> </font></p> </div> </div>
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1521000
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1872000
CY2016 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
9000
CY2016Q2 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
9000
CY2017 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-147000
CY2017Q4 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-147000
CY2018Q1 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-58000
CY2018 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
54000
CY2018Q2 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
107000
CY2018Q3 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
5000
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1248000
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-666000
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1019000
CY2017Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
4332000
CY2017Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2581000
CY2018Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
3202000
CY2017Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
471000
CY2018Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
697000
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
1930000
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
2047000
CY2017Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1751000
CY2017Q4 us-gaap Deferred Tax Liabilities Deferred Expense Deferred Financing Costs
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1023000
CY2018Q4 us-gaap Deferred Tax Liabilities Deferred Expense Deferred Financing Costs
DeferredTaxLiabilitiesDeferredExpenseDeferredFinancingCosts
1151000
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DeferredTaxLiabilitiesLeasingArrangements
2298000
CY2018Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
3393000
CY2017Q4 us-gaap Deferred Tax Liabilities Mortgage Servicing Rights
DeferredTaxLiabilitiesMortgageServicingRights
268000
CY2017Q4 us-gaap Deferred Tax Liabilities Other Comprehensive Income
DeferredTaxLiabilitiesOtherComprehensiveIncome
480000
CY2017Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
263000
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.59
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.09
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EarningsPerShareBasic
0.53
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
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DefinedContributionPlanCostRecognized
400000
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
400000
CY2017Q4 us-gaap Deposits
Deposits
730146000
CY2018Q4 us-gaap Deposits
Deposits
770183000
CY2016 us-gaap Depreciation
Depreciation
1400000
CY2017 us-gaap Depreciation
Depreciation
1300000
CY2018 us-gaap Depreciation
Depreciation
1300000
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DepreciationAmortizationAndAccretionNet
3301000
CY2017 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
3113000
CY2018 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
3029000
CY2018 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;">19.</font><font style="display: inline;font-weight:bold;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;">RECENT ACCOUNTING PRONOUNCEMENTS</font> </p> <p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2016-13, </font><font style="display: inline;font-style:italic;">Financial Instruments &#x2013; Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments</font><font style="display: inline;">.&nbsp;&nbsp;The amendments in this update require financial assets measured at amortized cost basis to be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis.&nbsp;&nbsp;Previously, when credit losses were measured under GAAP, an entity only considered past events and current conditions when measuring the incurred loss.&nbsp;&nbsp;The amendments in this update broaden the information that an entity must consider in developing its expected credit loss estimate for assets measured either collectively or individually.&nbsp;&nbsp;The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount.&nbsp;&nbsp;An entity must use judgement in determining the relevant information and estimation methods that are appropriate under the circumstances.&nbsp;&nbsp;The amendments in this update also require that credit losses on available-for-sale debt securities be presented as an allowance for credit losses rather than a writedown.&nbsp;&nbsp;The amendments in this update are effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2019 for public companies.&nbsp;&nbsp;Early adoption is permitted beginning after December 15, 2018, including interim periods within those fiscal years.&nbsp;&nbsp;An entity will apply the amendments in this update through a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption (modified-retrospective approach).&nbsp;&nbsp;Upon adoption, the change in this accounting guidance could result in an increase in the Company's allowance for loan losses and require the Company to record loan losses more rapidly.&nbsp;&nbsp;The Company is currently evaluating the impact of ASU 2016-13 on its consolidated financial statements.</font> </p> <p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">In May 2014, the FASB issued ASU 2014-09, </font><font style="display: inline;font-style:italic;">Revenue from Contracts with Customers</font><font style="display: inline;">, which supersedes nearly all existing revenue recognition guidance under U.S. GAAP.&nbsp;&nbsp;The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services.&nbsp;&nbsp;ASU 2014-09 defines a five step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than are required under existing U.S. GAAP:&nbsp;&nbsp;identify the contract(s) with a customer; identify the performance obligations in the contract; determine the transaction price; allocate the transaction price to the performance obligations in the contract; recognize revenue when (or as) the entity satisfies a performance obligation.&nbsp; </font> </p> <p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">The Company adopted this guidance on January 1, 2018 using the modified retrospective approach.&nbsp;&nbsp;The adoption of ASU 2014-09 did not materially change the method in which the Company recognizes revenue.&nbsp;&nbsp;As a result, the Company changed the process for recognizing revenue for estate fees within fees from trust fiduciary services.&nbsp;&nbsp;The Company concluded the cumulative adjustment to retained earnings for estates in process was immaterial and the income was recognized during the first quarter of 2018.&nbsp;&nbsp;See &#x201C;Revenue Recognition&#x201D; in footnote 1 for more information. </font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">In January 2016, the FASB issued ASU 2016-01 related to F</font><font style="display: inline;font-style:italic;">inancial Instruments - Overall (Subtopic 825-10) Recognition and Measurement of Financial Assets and Financial Liabilities</font><font style="display: inline;">.&nbsp;&nbsp;The update applies to all entities that hold financial assets or owe financial liabilities.&nbsp;&nbsp;The amendments in this update make targeted improvements to U.S. GAAP as follows:</font> </p> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:23pt;"><p style="width:23pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 6pt;"> <font style="margin:0pt 0pt 6pt;font-family:Symbol;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 6pt;"> <a name="_d3e156b094bf4ff58ba3b92a3778e049"></a><font style="display: inline;color:#000000;">Require equity investments to be measured at fair value with changes in fair value recognized in net income;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:23pt;"><p style="width:23pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 6pt;"> <font style="margin:0pt 0pt 6pt;font-family:Symbol;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 6pt;"> <font style="display: inline;color:#000000;">Simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:23pt;"><p style="width:23pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 6pt;"> <font style="margin:0pt 0pt 6pt;font-family:Symbol;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 6pt;"> <font style="display: inline;color:#000000;">Require public business entities to use the exit price notion when measuring fair value of financial instruments for disclosure purposes;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:23pt;"><p style="width:23pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 6pt;"> <font style="margin:0pt 0pt 6pt;font-family:Symbol;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 6pt;"> <font style="display: inline;color:#000000;">Require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:23pt;"><p style="width:23pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 6pt;"> <font style="margin:0pt 0pt 6pt;font-family:Symbol;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 6pt;"> <font style="display: inline;color:#000000;">Clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities.</font></p></td></tr></table></div> <p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">The Company adopted this guidance on January 1, 2018.&nbsp;&nbsp;The adoption did not have a material impact on the consolidated financial statements.&nbsp;&nbsp;As a result of this guidance, the Company reclassified </font><font style="display: inline;color:#000000;">$0.4</font><font style="display: inline;color:#000000;"> million in net unrealized gains on equity securities from accumulated other comprehensive income to retained earnings on January 1, 2018 and the Company measured the fair value of its loan portfolio using the exit price notion.&nbsp;&nbsp;See &#x201C;Fair Value Measurements&#x201D; in footnote 13 for more information about the fair value measurement of the loan portfolio.</font> </p> <p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">In February 2016, the FASB issued ASU 2016-02, </font><font style="display: inline;font-style:italic;color:#000000;">Leases (Topic 842)</font><font style="display: inline;color:#000000;"> to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements.&nbsp;&nbsp;ASU 2016-02 requires the recognition of a right-of-use asset and related lease liability by lessees for leases classified as operating leases under GAAP.&nbsp;&nbsp;The Company is expected to make an election to exclude leases less than 12 months from the provisions of this ASU.&nbsp;&nbsp;The amendments in this update are effective for the Company for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years.&nbsp;&nbsp;Early adoption of the amendments in this update is permitted.&nbsp;&nbsp;A modified retroactive approach must be applied for leases existing at, or entered into after, the beginning of the earliest comparative period.&nbsp;&nbsp;The Company had several lease agreements, such as branch locations, which were considered operating leases, and therefore not recognized on the Company&#x2019;s consolidated balance sheets.&nbsp;&nbsp;Upon adoption, this change in accounting guidance could also potentially impact debt covenant agreements with our customers.&nbsp;&nbsp;On January 1, 2019, the Company made an adjustment to add </font><font style="display: inline;color:#000000;">$4.1</font><font style="display: inline;color:#000000;"> million to the consolidated balance sheet as a right-of-use-asset and </font><font style="display: inline;color:#000000;">$4.6</font><font style="display: inline;color:#000000;"> million as a lease liability.&nbsp;&nbsp;There was not any significant effect on the consolidated statements of income.</font> </p> <p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">In July 2018, the FASB issued ASU 2018-10, </font><font style="display: inline;font-style:italic;color:#000000;">Codification Improvements to Topic 842, Leases</font><font style="display: inline;color:#000000;"> and ASU 2018-11, </font><font style="display: inline;font-style:italic;color:#000000;">Leases (Topic 842) Targeted Improvements</font><font style="display: inline;color:#000000;"> to clarify how to apply certain aspects of ASU 2016-02 and to simplify adoption and reduce costs.&nbsp;&nbsp;ASU 2018-11 allows companies the option to apply the provisions of the new lease standard prospectively as of the effective date, without adjusting comparative periods, and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption.&nbsp;&nbsp;The Company used this additional transition method.&nbsp;&nbsp;The amendments in this update are effective upon adoption of Topic 842.</font> </p> <p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">In December 2018, the FASB issued ASU 2018-20, </font><font style="display: inline;font-style:italic;color:#000000;">Leases (Topic 842): Narrow-Scope Improvements for Lessors</font><font style="display: inline;color:#000000;"> to assist stakeholders with implementation questions and issues on certain issues. The amendments in this update are effective upon adoption of Topic 842.</font> </p> <p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">In August 2016, the FASB released ASU 2016-15, </font><font style="display: inline;font-style:italic;color:#000000;">Statement of Cash Flows (Topic 230) </font><font style="display: inline;color:#000000;">to clarify the presentation of certain cash receipts and payments on the statement of cash flows.&nbsp;&nbsp;The update addressed eight specific cash flow issues with the objective of reducing the existing diversity in practice.&nbsp;&nbsp;The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years.&nbsp;&nbsp;Early adoption is permitted, including adoption in an interim period.&nbsp;&nbsp;The amendments in this update should be applied using a retrospective transition method to each period presented.&nbsp;&nbsp;The Company adopted ASU 2016-15 on January 1, 2018 and it did not have a significant impact on the Company&#x2019;s consolidated financial statements.</font> </p> <p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">In January 2017, the FASB issued ASU 2017-04, </font><font style="display: inline;font-style:italic;color:#000000;">Intangibles-Goodwill and Other (Topic 350)</font><font style="display: inline;color:#000000;"> to simplify the test for goodwill impairment.&nbsp;&nbsp;To simplify the subsequent measurement of goodwill, the FASB eliminated Step 2 from the goodwill impairment test.&nbsp;&nbsp;Under the amendments in this update, an entity should perform its annual goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount.&nbsp;&nbsp;An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting units fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit.&nbsp;&nbsp;An entity should apply the amendments in his update on a prospective basis.&nbsp;&nbsp;The amendments in this update are effective for the Company for its annual goodwill impairment tests in fiscal years beginning after December 15, 2019.&nbsp;&nbsp;Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017.&nbsp;&nbsp;The Company adopted this standard in 2017 and it did not have an impact on its consolidated financial statements.&nbsp;&nbsp;The Company did not have any goodwill prior to adoption of this update.</font> </p> <p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">In March 2017, the FASB issued ASU 2017-08, </font><font style="display: inline;font-style:italic;color:#000000;">Receivables-Nonrefundable Fees and Other Costs (Subtopic 310-20) Premium Amortization on Purchased Callable Debt Securities</font><font style="display: inline;color:#000000;"> to amend the amortization period for certain purchased callable debt securities held at a premium.&nbsp;&nbsp;The amendments in this update shorten the amortization period for the premium to the earliest call date.&nbsp;&nbsp;The amendments in this update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018.&nbsp;&nbsp;Early adoption is permitted, including adoption in an interim period.&nbsp;&nbsp;An entity should apply the amendments in this update on a modified retrospective basis through a cumulative effect adjustment directly to retained earnings as of the beginning of the period of adoption.&nbsp;&nbsp;The Company adopted this standard in 2017 and it did not have an effect on its consolidated financial statements.</font> </p> <p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">In February 2018, the FASB released ASU 2018-02, </font><font style="display: inline;font-style:italic;color:#000000;">Income Statement &#x2013; Reporting Comprehensive Income (Topic 220)</font><font style="display: inline;color:#000000;"> to allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Act.&nbsp;&nbsp;The amendments in this update also require certain disclosures about stranded tax effects. The guidance is effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years.&nbsp;&nbsp;Early adoption is permitted for periods for which financial statements have not yet been issued or available for issuance, including in the period the Act was enacted.&nbsp;&nbsp;The Company elected to early adopt and reclassify the stranded income tax effects of the Act from accumulated other comprehensive income to retained earnings during the fourth quarter of 2017.&nbsp;&nbsp;The reclassification increased AOCI and decreased retained earnings by </font><font style="display: inline;color:#000000;">$0.3</font><font style="display: inline;color:#000000;"> million, with zero net effect on total shareholders&#x2019; equity.&nbsp; </font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> </p> <p><font size="1"> </font></p> <p style="margin:0pt;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;"></font> </p> <p><font size="1"> </font></p> </div> </div>
CY2016 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3061000
CY2017 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3285000
CY2018 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3708000
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.35
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.59
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.60
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.63
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.67
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.93
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.74
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.76
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.76
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.09
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.33
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.60
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.61
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.67
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.90
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.73
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.75
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.75
CY2018Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate One To Two Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateOneToTwoYearsFromBalanceSheetDate
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2769000
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2018Q4 us-gaap Excess Tier One Leverage Capital To Average Assets
ExcessTierOneLeverageCapitalToAverageAssets
0.0400
CY2016 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
351000
CY2017 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
267000
CY2018Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Four To Five Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateFourToFiveYearsFromBalanceSheetDate
0.0307
CY2018Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Of Amounts Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateOfAmountsDueWithinOneYearOfBalanceSheetDate
0.0138
CY2018Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Three To Four Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateThreeToFourYearsFromBalanceSheetDate
0.0299
CY2018Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Two To Three Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateTwoToThreeYearsFromBalanceSheetDate
0.0295
CY2018Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Four To Five Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromFourToFiveYearsOfBalanceSheetDate
5000000
CY2018Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From One To Two Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromOneToTwoYearsOfBalanceSheetDate
CY2018Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Three To Four Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromThreeToFourYearsOfBalanceSheetDate
5000000
CY2018Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Two To Three Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromTwoToThreeYearsOfBalanceSheetDate
5000000
CY2018Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueWithinOneYearOfBalanceSheetDate
16704000
CY2017Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
2832000
CY2018Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
6339000
CY2017Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
8014000
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
8727000
CY2017Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
1179000
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
1020000
CY2016 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
192000
CY2017 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
124000
CY2018 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
330000
CY2016 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1380000
CY2017 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1745000
CY2018 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1226000
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
669000
CY2017Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
631066000
CY2018Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
710852000
CY2017Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
6894000
CY2018Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
6128000
CY2017 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
6
CY2018 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
2
CY2017 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
1042000
CY2018 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
729000
CY2017 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
CY2018 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
2
CY2017 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
CY2018 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
729000
CY2017Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
6000
CY2018Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
1000
CY2017Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
631620000
CY2018Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
706790000
CY2017Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
3441000
CY2018Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
4298000
CY2017Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
6340000
CY2018Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
10190000
CY2016 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-5000
CY2017 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-164000
CY2018 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-18000
CY2016 us-gaap Gain Loss On Sale Of Debt Investments
GainLossOnSaleOfDebtInvestments
9000
CY2017 us-gaap Gain Loss On Sale Of Debt Investments
GainLossOnSaleOfDebtInvestments
-147000
CY2018 us-gaap Gain Loss On Sale Of Debt Investments
GainLossOnSaleOfDebtInvestments
10000
CY2018 us-gaap Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
44000
CY2016 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
9000
CY2017 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-147000
CY2018 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
54000
CY2016 us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
1009000
CY2017 us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
878000
CY2018 us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
645000
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-5000
CY2017 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-164000
CY2018 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-18000
CY2016 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
1009000
CY2017 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
878000
CY2018 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
645000
CY2016 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-70000
CY2017 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-79000
CY2018 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-90000
CY2017Q4 us-gaap Goodwill
Goodwill
209000
CY2018Q4 us-gaap Goodwill
Goodwill
209000
CY2017Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
0
CY2018Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
0
CY2018 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
35330000
CY2018Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
8535000
CY2018Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
9028000
CY2018Q4 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
9624000
CY2016 us-gaap Interest And Dividend Income Securities Other
InterestAndDividendIncomeSecuritiesOther
21000
CY2018Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
1020000
CY2017Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
8122000
CY2018Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
7385000
CY2017Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
2763000
CY2018Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
3291000
CY2017Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
4131000
CY2016 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
9500000
CY2017 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
9333000
CY2018 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
6723000
CY2016 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
402000
CY2017 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
482000
CY2018 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
437000
CY2016 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
0
CY2017Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
6894000
CY2018Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
6128000
CY2017Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
1179000
CY2018Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
2837000
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2287000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
10462000
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2597000
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2811000
CY2016Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2767000
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2661000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
9922000
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2922000
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2884000
CY2017Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1455000
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3034000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
13135000
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3307000
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3422000
CY2018Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3372000
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
800000
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2700000
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
600000
CY2016 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
CY2017 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
CY2018 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
586000
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
776000
CY2016Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
738000
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
681000
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1206000
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
739000
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
658000
CY2017Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-872000
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
506000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2129000
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
539000
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
559000
CY2018Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
525000
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-1084000
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
3000
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3557000
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3373000
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2758000
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
60000
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
-59000
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
43000
CY2016 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
742000
CY2017 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
845000
CY2018 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
567000
CY2016 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
314000
CY2017 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1496000
CY2016 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
82784000
CY2016 us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
36000
CY2017 us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
536000
CY2016 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1895000
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3989000
CY2016Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
6736000
CY2016 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
27495000
CY2016Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
6715000
CY2016Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
7006000
CY2016Q4 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
7038000
CY2017Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
7366000
CY2017 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
31064000
CY2017Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
7854000
CY2017Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
7928000
CY2017Q4 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
7916000
CY2018Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
8143000
CY2016 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
24112000
CY2017 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
26391000
CY2018 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
29007000
CY2017 us-gaap Interest And Dividend Income Securities Other
InterestAndDividendIncomeSecuritiesOther
22000
CY2018 us-gaap Interest And Dividend Income Securities Other
InterestAndDividendIncomeSecuritiesOther
11000
CY2017Q4 us-gaap Interest Bearing Deposit Liabilities Domestic
InterestBearingDepositLiabilitiesDomestic
551515000
CY2018Q4 us-gaap Interest Bearing Deposit Liabilities Domestic
InterestBearingDepositLiabilitiesDomestic
575452000
CY2017Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
1682000
CY2018Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
1460000
CY2018Q4 us-gaap Interest Bearing Domestic Deposit Certificates Of Deposits
InterestBearingDomesticDepositCertificatesOfDeposits
116286000
CY2016Q1 us-gaap Interest Expense
InterestExpense
598000
CY2016 us-gaap Interest Expense
InterestExpense
2358000
CY2016Q2 us-gaap Interest Expense
InterestExpense
574000
CY2016Q3 us-gaap Interest Expense
InterestExpense
585000
CY2016Q4 us-gaap Interest Expense
InterestExpense
601000
CY2017Q1 us-gaap Interest Expense
InterestExpense
688000
CY2017 us-gaap Interest Expense
InterestExpense
3223000
CY2017Q2 us-gaap Interest Expense
InterestExpense
787000
CY2017Q3 us-gaap Interest Expense
InterestExpense
882000
CY2017Q4 us-gaap Interest Expense
InterestExpense
866000
CY2018Q1 us-gaap Interest Expense
InterestExpense
884000
CY2018 us-gaap Interest Expense
InterestExpense
4873000
CY2018Q2 us-gaap Interest Expense
InterestExpense
1012000
CY2018Q3 us-gaap Interest Expense
InterestExpense
1317000
CY2018Q4 us-gaap Interest Expense
InterestExpense
1660000
CY2016 us-gaap Interest Expense Domestic Deposits
InterestExpenseDomesticDeposits
2309000
CY2017 us-gaap Interest Expense Domestic Deposits
InterestExpenseDomesticDeposits
2750000
CY2018 us-gaap Interest Expense Domestic Deposits
InterestExpenseDomesticDeposits
3811000
CY2017 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
247000
CY2018 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
379000
CY2016 us-gaap Interest Expense Other Short Term Borrowings
InterestExpenseOtherShortTermBorrowings
29000
CY2017 us-gaap Interest Expense Other Short Term Borrowings
InterestExpenseOtherShortTermBorrowings
205000
CY2018 us-gaap Interest Expense Other Short Term Borrowings
InterestExpenseOtherShortTermBorrowings
667000
CY2016 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
20000
CY2017 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
21000
CY2018 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
16000
CY2016 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
67000
CY2017 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
48000
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InterestIncomeExpenseNet
6138000
CY2016 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
25137000
CY2016Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
6141000
CY2016Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
6421000
CY2016Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
6437000
CY2017Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
6678000
CY2017 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
27841000
CY2017Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7067000
CY2017Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7046000
CY2017Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7050000
CY2018Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7259000
CY2018 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
30457000
CY2018Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7523000
CY2018Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7711000
CY2018Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7964000
CY2016 us-gaap Interest Income Securities State And Municipal
InterestIncomeSecuritiesStateAndMunicipal
1282000
CY2017Q4 us-gaap Liabilities
Liabilities
776254000
CY2016 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
-415000
CY2016 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1222000
CY2017 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
191000
CY2017 us-gaap Labor And Related Expense
LaborAndRelatedExpense
13072000
CY2018 us-gaap Lease Expiration Date1
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2021-12-31
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LeveragedLeasesNetInvestmentInLeveragedLeasesDisclosureResidualValueOfLeasedAssets
9400000
CY2018Q4 us-gaap Leveraged Leases Net Investment In Leveraged Leases Disclosure Residual Value Of Leased Assets
LeveragedLeasesNetInvestmentInLeveragedLeasesDisclosureResidualValueOfLeasedAssets
11100000
CY2017 us-gaap Interest Income Securities State And Municipal
InterestIncomeSecuritiesStateAndMunicipal
1449000
CY2016 us-gaap Interest Income Securities Us Treasury And Other Us Government
InterestIncomeSecuritiesUSTreasuryAndOtherUSGovernment
1709000
CY2017 us-gaap Interest Income Securities Us Treasury And Other Us Government
InterestIncomeSecuritiesUSTreasuryAndOtherUSGovernment
2515000
CY2016 us-gaap Interest Paid Net
InterestPaidNet
2366000
CY2017 us-gaap Interest Paid Net
InterestPaidNet
3058000
CY2018 us-gaap Interest Paid Net
InterestPaidNet
4689000
CY2017Q4 us-gaap Interest Receivable
InterestReceivable
2786000
CY2018Q4 us-gaap Interest Receivable
InterestReceivable
3271000
CY2016 us-gaap Labor And Related Expense
LaborAndRelatedExpense
11594000
CY2018Q4 us-gaap Liabilities
Liabilities
887545000
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
863637000
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
981102000
CY2015Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
9527000
CY2016Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
9364000
CY2017Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
9193000
CY2018Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
9747000
CY2017Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
639000
CY2018Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
1028000
CY2017Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
638599000
CY2018Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
718008000
CY2017Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
637960000
CY2018Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
716980000
CY2017Q4 us-gaap Loans And Leases Receivable Net Reported Amount
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628767000
CY2018Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
707233000
CY2017Q3 us-gaap Noninterest Expense
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6035000
CY2018Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
5789000
CY2017Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
2181000
CY2018Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
5707000
CY2018Q4 us-gaap Loss Contingency Pending Claims Number
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0
CY2016 us-gaap Loss From Hedged Firm Commitment Not Qualifying As Fair Value Hedge
LossFromHedgedFirmCommitmentNotQualifyingAsFairValueHedge
0
CY2017 us-gaap Loss From Hedged Firm Commitment Not Qualifying As Fair Value Hedge
LossFromHedgedFirmCommitmentNotQualifyingAsFairValueHedge
0
CY2018 us-gaap Loss From Hedged Firm Commitment Not Qualifying As Fair Value Hedge
LossFromHedgedFirmCommitmentNotQualifyingAsFairValueHedge
0
CY2017 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1859000
CY2018 us-gaap Nature Of Operations
NatureOfOperations
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;">NATURE OF OPERATIONS</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">The Company provides a full range of banking, trust and financial services to individuals, small businesses and corporate customers.&nbsp;&nbsp;Its primary market areas are Lackawanna and Luzerne Counties, Pennsylvania.&nbsp;&nbsp;The Company's primary deposit products are demand deposits and interest-bearing time and savings accounts.&nbsp;&nbsp;It offers a full array of loan products to meet the needs of retail and commercial customers.&nbsp;&nbsp;The Company is subject to regulation by the Federal Deposit Insurance Corporation (FDIC) and the Pennsylvania Department of Banking.</font> </p> <p><font size="1"> </font></p> </div> </div>
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NetCashProvidedByUsedInInvestingActivities
-58161000
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15859000
CY2017Q4 us-gaap Noninterest Expense
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6953000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
414000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
408000
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-1213000
CY2016Q1 us-gaap Other Income
OtherIncome
1687000
CY2016 us-gaap Other Income
OtherIncome
7996000
CY2016Q2 us-gaap Other Income
OtherIncome
2091000
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13887000
CY2016Q1 us-gaap Net Income Loss
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1701000
CY2016 us-gaap Net Income Loss
NetIncomeLoss
7693000
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
1928000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
2035000
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
2029000
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
1980000
CY2017 us-gaap Net Income Loss
NetIncomeLoss
8716000
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
2183000
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
2226000
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
2327000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
2528000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
11006000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
2768000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
2863000
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
2847000
CY2017Q4 us-gaap Noninterest Bearing Deposit Liabilities Domestic
NoninterestBearingDepositLiabilitiesDomestic
178631000
CY2018Q4 us-gaap Noninterest Bearing Deposit Liabilities Domestic
NoninterestBearingDepositLiabilitiesDomestic
194731000
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NoninterestExpense
5388000
CY2016 us-gaap Noninterest Expense
NoninterestExpense
21655000
CY2016Q2 us-gaap Noninterest Expense
NoninterestExpense
5369000
CY2016Q3 us-gaap Noninterest Expense
NoninterestExpense
5409000
CY2016Q4 us-gaap Noninterest Expense
NoninterestExpense
5489000
CY2017Q1 us-gaap Noninterest Expense
NoninterestExpense
5797000
CY2017 us-gaap Noninterest Expense
NoninterestExpense
24836000
CY2017Q2 us-gaap Noninterest Expense
NoninterestExpense
6051000
CY2018Q1 us-gaap Noninterest Expense
NoninterestExpense
6208000
CY2018 us-gaap Noninterest Expense
NoninterestExpense
25072000
CY2018Q2 us-gaap Noninterest Expense
NoninterestExpense
6162000
CY2018Q3 us-gaap Noninterest Expense
NoninterestExpense
6172000
CY2018Q4 us-gaap Noninterest Expense
NoninterestExpense
6530000
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8005000
CY2017 us-gaap Noninterest Income
NoninterestIncome
8367000
CY2018 us-gaap Noninterest Income
NoninterestIncome
9200000
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OperatingLeasesFutureMinimumPaymentsDue
10482000
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OperatingLeasesFutureMinimumPaymentsDueCurrent
354000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
417000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
403000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
8486000
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OperatingLeasesRentExpenseNet
300000
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
400000
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
400000
CY2017Q4 us-gaap Other Assets
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16086000
CY2018Q4 us-gaap Other Assets
OtherAssets
18621000
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OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
-1222000
CY2016 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-807000
CY2018 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-3137000
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-807000
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
126000
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RetainedEarningsAccumulatedDeficit
64937000
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OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
9000
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OtherIncome
2024000
CY2016Q4 us-gaap Other Income
OtherIncome
2194000
CY2017Q1 us-gaap Other Income
OtherIncome
2105000
CY2017 us-gaap Other Income
OtherIncome
8513000
CY2017Q2 us-gaap Other Income
OtherIncome
2131000
CY2017Q3 us-gaap Other Income
OtherIncome
2248000
CY2017Q4 us-gaap Other Income
OtherIncome
2029000
CY2017Q4 us-gaap Preferred Stock Shares Authorized
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5000000
CY2017Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
CY2018Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
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ProceedsFromSaleAndCollectionOfLoansHeldforsale
32721000
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ProceedsFromSaleOfAvailableForSaleSecurities
2884000
CY2017 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
5970000
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771000
CY2018Q1 us-gaap Other Income
OtherIncome
2341000
CY2018 us-gaap Other Income
OtherIncome
9146000
CY2018Q2 us-gaap Other Income
OtherIncome
2264000
CY2018Q3 us-gaap Other Income
OtherIncome
2278000
CY2018Q4 us-gaap Other Income
OtherIncome
2263000
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OtherNoninterestExpense
602000
CY2017 us-gaap Other Noninterest Expense
OtherNoninterestExpense
823000
CY2017Q4 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
973000
CY2018Q4 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
190000
CY2016 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
46670000
CY2017 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
38624000
CY2018 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
34858000
CY2016 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
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486000
CY2017 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
226000
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PaymentsForProceedsFromLoansAndLeases
49579000
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PaymentsForProceedsFromLoansAndLeases
44584000
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PaymentsToAcquireAvailableForSaleSecurities
30654000
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PaymentsToAcquireAvailableForSaleSecurities
55016000
CY2017Q1 us-gaap Payments To Acquire Life Insurance Policies
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8000000
CY2018Q4 us-gaap Preferred Stock Shares Authorized
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5000000
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
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25704000
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ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
20378000
CY2017 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
20578000
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ProceedsFromRepaymentsOfShortTermDebt
-23980000
CY2016 us-gaap Proceeds From Sale And Collection Of Loans Heldforsale
ProceedsFromSaleAndCollectionOfLoansHeldforsale
51656000
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ProceedsFromSaleAndCollectionOfLoansHeldforsale
43350000
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RepaymentsOfDebtAndCapitalLeaseObligations
38000
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RetainedEarningsAccumulatedDeficit
57218000
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ProceedsFromSaleOfPropertyPlantAndEquipment
1000
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14000
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PropertyPlantAndEquipmentGross
32446000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
35105000
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16576000
CY2018Q4 us-gaap Property Plant And Equipment Net
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18289000
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150000
CY2016 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1025000
CY2016Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
275000
CY2016Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
225000
CY2016Q4 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
375000
CY2017Q1 us-gaap Provision For Loan And Lease Losses
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325000
CY2017 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1450000
CY2017Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
225000
CY2017Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
375000
CY2017Q4 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
525000
CY2018Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
300000
CY2018 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1450000
CY2018Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
425000
CY2018Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
400000
CY2018Q4 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
325000
CY2016Q4 us-gaap Related Party Deposit Liabilities
RelatedPartyDepositLiabilities
12900000
CY2017Q4 us-gaap Related Party Deposit Liabilities
RelatedPartyDepositLiabilities
14300000
CY2018Q4 us-gaap Related Party Deposit Liabilities
RelatedPartyDepositLiabilities
14400000
CY2018Q4 us-gaap Statutory Accounting Practices Statutory Amount Available For Dividend Payments Without Regulatory Approval
StatutoryAccountingPracticesStatutoryAmountAvailableForDividendPaymentsWithoutRegulatoryApproval
86000000
CY2018 us-gaap Transfer To Other Real Estate
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781000
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0
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
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ShareBasedCompensation
519000
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
550000
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
749000
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18502000
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76366000
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13044000
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28673000
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37559000
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36627000
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63916000
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98568000
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2690000
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2100000
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330000
CY2017 us-gaap Stock Granted During Period Value Sharebased Compensation
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333000
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76351000
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
80631000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
93557000
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331000
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111000
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StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
126000
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StockIssuedDuringPeriodValueStockOptionsExercised
14000
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
416000
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472000
CY2017 us-gaap Supplies Expense
SuppliesExpense
460000
CY2016 us-gaap Taxes Other
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320000
CY2017 us-gaap Taxes Other
TaxesOther
262000
CY2018Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.0600
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584000
CY2018Q4 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
1198000
CY2018Q4 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
2752000
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74799000
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6974000
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TimeDepositMaturitiesYearTwo
29979000
CY2017Q4 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
58100000
CY2017Q4 us-gaap Trading Securities
TradingSecurities
0
CY2018Q4 us-gaap Trading Securities
TradingSecurities
0
CY2016 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
6037000
CY2017 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
3821000
CY2018 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
1204000
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2600000
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UnrecognizedTaxBenefits
0
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
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TransferToOtherRealEstate
1132000
CY2017 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
280000
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
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3679507
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3711490
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3752704
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;">USE OF ESTIMATES</font> </p> <p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&nbsp;&nbsp;Actual results could differ from those estimates.&nbsp;&nbsp; </font> </p> <p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, the valuation of investment securities, the determination and the amount of impairment in the securities portfolios, and the related realization of the deferred tax assets related to the allowance for loan losses, other-than-temporary impairment on and valuations of investment securities.</font> </p> <p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">In connection with the determination of the allowance for loan losses, management generally obtains independent appraisals for significant </font><font style="display: inline;">properties, utilizes historical loss factors and applies judgement to determine qualitative factor adjustments.</font><font style="display: inline;"> &nbsp;While management uses available information to recognize losses on loans, further reductions in the carrying amounts of loans may be necessary based on changes in economic conditions.&nbsp;&nbsp;In addition, regulatory agencies, as an integral part of their examination process, periodically review the estimated losses on loans. Such agencies may require the Company to recognize additional losses based on their judgments about information available to them at the time of their examination.&nbsp;&nbsp;Because of these factors, it is reasonably possible that the estimated losses on loans may change materially in the near-term.&nbsp;&nbsp;However, the amount of the change that is reasonably possible cannot be estimated.</font> </p> <p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">The Company&#x2019;s investment securities are comprised of a variety of financial instruments.&nbsp;&nbsp;The fair values of the securities are subject to various risks including changes in the interest rate environment and general economic conditions including illiquid conditions in the capital markets.&nbsp;&nbsp;Due to the increased level of these risks and their potential impact on the fair values of the securities, it is possible that the amounts reported in the accompanying financial statements could materially change in the near-term.&nbsp;&nbsp;Any credit-related impairment is included as a component of non-interest income in the consolidated income statements while non-credit-related impairment is charged to other comprehensive income, net of tax.</font> </p> <p><font size="1"> </font></p> </div> </div>
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
11083
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
23919
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
43194
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3690590
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3735409
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3795898

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