2020 Q1 Form 10-Q Financial Statement

#000143774920009522 Filed on May 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q4 2019 Q1
Revenue $12.87M $12.49M
YoY Change 3.06% 42.99%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.050M -$480.0K $750.0K
YoY Change 40.0% -167.61% 11.94%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $2.198M $1.887M
YoY Change 16.48% 110.13%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $3.704M $2.430M $2.562M
YoY Change 44.57% -20.33% -13.91%
Income Tax $512.0K $160.0K $340.0K
% Of Pretax Income 13.82% 6.58% 13.27%
Net Earnings $3.113M $2.270M $2.222M
YoY Change 40.1% -14.02% -13.24%
Net Earnings / Revenue 24.19% 17.79%
Basic Earnings Per Share $0.92 $0.66
Diluted Earnings Per Share $0.92 $658.0K $0.66
COMMON SHARES
Basic Shares Outstanding 3.459M 3.452M 3.343M
Diluted Shares Outstanding 3.459M 3.343M

Balance Sheet

Concept 2020 Q1 2019 Q4 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $42.15M $47.26M $60.76M
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 $28.93M $29.41M $27.93M
YoY Change 3.56% 18.46% 43.98%
Goodwill $11.11M $11.11M $10.74M
YoY Change 3.4% 35.97%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.350B $1.329B $1.268B
YoY Change 6.43% 21.22% 35.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $17.40M $14.80M $10.80M
YoY Change 61.11% 43.69% 12.5%
Deferred Revenue
YoY Change
Short-Term Debt $13.00M $11.50M $12.70M
YoY Change 2.36% -0.86% -5.22%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $17.40M $14.80M $10.80M
YoY Change 61.11% 43.69% 12.5%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $14.00M $20.00M
YoY Change -100.0% -67.44% -34.21%
Other Long-Term Liabilities $3.300M
YoY Change
Total Long-Term Liabilities $3.300M $14.00M $20.00M
YoY Change -83.5% -67.44% -34.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.40M $14.80M $10.80M
Total Long-Term Liabilities $3.300M $14.00M $20.00M
Total Liabilities $1.209B $1.195B $1.145B
YoY Change 5.6% 20.1% 34.92%
SHAREHOLDERS EQUITY
Retained Earnings $102.3M $100.2M $93.52M
YoY Change 9.39% 8.5%
Common Stock $29.67M $29.66M $29.49M
YoY Change 0.6% 148.65%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $133.5M $133.5M $123.2M
YoY Change
Total Liabilities & Shareholders Equity $1.350B $1.329B $1.268B
YoY Change 6.43% 21.22% 35.15%

Cashflow Statement

Concept 2020 Q1 2019 Q4 2019 Q1
OPERATING ACTIVITIES
Net Income $3.113M $2.270M $2.222M
YoY Change 40.1% -14.02% -13.24%
Depreciation, Depletion And Amortization $1.050M -$480.0K $750.0K
YoY Change 40.0% -167.61% 11.94%
Cash From Operating Activities $9.364M $90.00K $1.416M
YoY Change 561.3% -98.91% -52.34%
INVESTING ACTIVITIES
Capital Expenditures $200.0K -$920.0K $44.00K
YoY Change 354.55% 135.9% -81.28%
Acquisitions $15.38M
YoY Change
Other Investing Activities -$21.97M -$19.43M $37.46M
YoY Change -158.65% -4.85% -679.88%
Cash From Investing Activities -$22.17M -$20.36M $37.41M
YoY Change -159.26% -2.12% -658.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $7.694M -4.400M 4.795M
YoY Change 60.46% -127.99% -63.43%
NET CHANGE
Cash From Operating Activities $9.364M 90.00K 1.416M
Cash From Investing Activities -$22.17M -20.36M 37.41M
Cash From Financing Activities $7.694M -4.400M 4.795M
Net Change In Cash -$5.112M -24.67M 43.63M
YoY Change -111.72% -878.23% 364.59%
FREE CASH FLOW
Cash From Operating Activities $9.364M $90.00K $1.416M
Capital Expenditures $200.0K -$920.0K $44.00K
Free Cash Flow $9.164M $1.010M $1.372M
YoY Change 567.93% -88.31% -49.85%

Facts In Submission

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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family: Arial; font-size: 10pt; margin: 0pt;"><div style="display: inline; font-weight: bold;">Note <div style="display: inline; font-style: italic; font: inherit;">1</div> - Basis of Presentation</div></div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt; text-align: left; text-indent: 18pt;">The consolidated financial statements include the accounts of NorthWest Indiana Bancorp (the &#x201c;Bancorp&#x201d; or &#x201c;NWIN&#x201d;), its wholly-owned subsidiaries NWIN Risk Management, Inc. (a captive insurance subsidiary) and Peoples Bank SB (the &#x201c;Bank&#x201d;), and the Bank&#x2019;s wholly-owned subsidiaries, Peoples Service Corporation, NWIN, LLC, NWIN Funding, Incorporated, and Columbia Development Company, LLC. The Bancorp&#x2019;s business activities include being a holding company for the Bank as well as a holding company for NWIN Risk Management, Inc. The Bancorp&#x2019;s earnings are primarily dependent upon the earnings of the Bank. The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form <div style="display: inline; font-style: italic; font: inherit;">10</div>-Q and, therefore, do <div style="display: inline; font-style: italic; font: inherit;">not</div> include all disclosures required by U.S. generally accepted accounting principles for complete presentation of consolidated financial statements. In the opinion of management, the consolidated financial statements contain all adjustments necessary to present fairly the consolidated balance sheets of the Bancorp as of <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2020 </div>and <div style="display: inline; font-style: italic; font: inherit;"> December 31, 2019, </div>and the consolidated statements of income, comprehensive income, changes in stockholders&#x2019; equity, and consolidated statements of cash flows for the <div style="display: inline; font-style: italic; font: inherit;">three</div> months ended <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2020 </div>and <div style="display: inline; font-style: italic; font: inherit;">2019.</div> The income reported for the <div style="display: inline; font-style: italic; font: inherit;">three</div> month period ended <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2020 </div>is <div style="display: inline; font-style: italic; font: inherit;">not</div> necessarily indicative of the results to be expected for the full year.</div></div>
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CY2020Q1 us-gaap Common Stock Shares Outstanding
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CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3451797
CY2020Q1 us-gaap Common Stock Value
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CY2019Q4 us-gaap Common Stock Value
CommonStockValue
CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7617000
CY2019Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5255000
CY2020Q1 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
510000
CY2019Q1 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
352000
CY2020Q1 us-gaap Deposits
Deposits
1161642000
CY2019Q4 us-gaap Deposits
Deposits
1154370000
CY2020Q1 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1039000
CY2019Q1 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
731000
CY2020Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
CY2019Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
CY2020Q1 us-gaap Derivative Assets
DerivativeAssets
3986000
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
1544000
CY2020Q1 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
CY2019Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
CY2020Q1 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
CY2019Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
CY2020Q1 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
3350000
CY2019Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
2290000
CY2020Q1 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
CY2019Q4 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
CY2020Q1 us-gaap Derivative Fair Value Amount Offset Against Collateral Net
DerivativeFairValueAmountOffsetAgainstCollateralNet
3986000
CY2019Q4 us-gaap Derivative Fair Value Amount Offset Against Collateral Net
DerivativeFairValueAmountOffsetAgainstCollateralNet
1544000
CY2020Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
3986000
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
1544000
CY2020Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
3282000
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
1358000
CY2020Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
68000
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
932000
CY2020Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
3986000
CY2019Q4 us-gaap Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
1544000
CY2020Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGain
518000
CY2019Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGain
220000
CY2020Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
3282000
CY2019Q4 us-gaap Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
1358000
CY2020Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
3282000
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
1358000
CY2020Q1 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
CY2019Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
CY2020Q1 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family: Arial; font-size: 10pt; margin: 0pt; text-align: left;"><div style="display: inline; font-weight: bold;">Note <div style="display: inline; font-style: italic; font: inherit;">12</div> - Upcoming Accounting Standards</div>&nbsp;</div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt; text-align: left; text-indent: 18pt;">In <div style="display: inline; font-style: italic; font: inherit;"> June 2016, </div>FASB issued ASU <div style="display: inline; font-style: italic; font: inherit;">No.</div> <div style="display: inline; font-style: italic; font: inherit;">2016</div>-<div style="display: inline; font-style: italic; font: inherit;">13,</div> Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments. The ASU includes increased disclosures and various changes to the accounting and measurement of financial assets including the Bancorp&#x2019;s loans and available-for-sale and held-to-maturity debt securities. Each financial asset presented on the balance sheet would have a unique allowance for credit losses valuation account that is deducted from the amortized cost basis to present the net carrying value at the amount expected to be collected on the financial asset. The amendments in this ASU also eliminate the probable initial recognition threshold in current GAAP and instead, reflect an entity&#x2019;s current estimate of all expected credit losses using reasonable and supportable forecasts. In <div style="display: inline; font-style: italic; font: inherit;"> October 2019, </div>the FASB voted and approved proposed changes to the effective date of this ASU for smaller reporting companies, such as the Bancorp, and other non-SEC reporting entities. The approval changed the effective date of the ASU to fiscal years beginning after <div style="display: inline; font-style: italic; font: inherit;"> December 15, 2022, </div>including interim periods within those fiscal periods. The new credit loss guidance will be effective for the Bancorp's year ending <div style="display: inline; font-style: italic; font: inherit;"> December 31, 2023. </div>Upon adoption, the ASU will be applied using a modified retrospective transition method to the beginning of the <div style="display: inline; font-style: italic; font: inherit;">first</div> reporting period in which the guidance is effective. A prospective transition approach is required for debt securities for which an other-than-temporary impairment had been recognized before the effective date. Early adoption for all institutions is permitted for fiscal years beginning after <div style="display: inline; font-style: italic; font: inherit;"> December 15, 2018, </div>including interim periods within those fiscal years. Management is in the process of evaluating the impact adoption of this update will have on the Bancorp&#x2019;s consolidated financial statements. This process of evaluation has engaged multiple areas of the Bancorp&#x2019;s management in discussing loss estimation methods and the application of these methods to specific segments of the loans receivable portfolio. Management has been actively monitoring developments and evaluating the use of different methods allowed. Due to continuing development of understanding of application, additional time is required to understand how this ASU will affect the Bancorp&#x2019;s financial statements. Management plans on running parallel calculations during the year and finalizing a method or methods of adoption in time for the effective date.</div></div>
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1035000
CY2020Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1074000
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
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CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
962000
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
983000
CY2020Q1 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
CY2019Q1 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
172925000
CY2020Q1 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
196000
CY2019Q1 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
91000
CY2020Q1 us-gaap Federal Funds Sold
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872000
CY2019Q4 us-gaap Federal Funds Sold
FederalFundsSold
15544000
CY2020Q1 us-gaap Federal Home Loan Bank Advances Long Term
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CY2019Q4 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
14000000
CY2020Q1 us-gaap Federal Home Loan Bank Stock
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3912000
CY2019Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
3912000
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
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CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
8833000
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
377000
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
166000
CY2020Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
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CY2019Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
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CY2020Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
3214000
CY2019Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
3111000
CY2020Q1 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
1137000
CY2019Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
866000
CY2020Q1 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
895582000
CY2019Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
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CY2020Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
6938000
CY2019Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
6507000
CY2020Q1 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
23380000
CY2019Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
14650000
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
746000
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
994000
CY2019Q1 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
CY2020Q1 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
556000
CY2019Q1 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
703000
CY2020Q1 us-gaap Interest And Dividend Income Operating
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12869000
CY2019Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
12487000
CY2020Q1 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
1705000
CY2019Q1 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
1801000
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4865000
CY2020Q1 us-gaap Foreclosed Assets
ForeclosedAssets
1032000
CY2019Q4 us-gaap Foreclosed Assets
ForeclosedAssets
1083000
CY2020Q1 us-gaap Gain Loss On Sales Of Loans Net
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635000
CY2019Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
242000
CY2020Q1 us-gaap Gains Losses On Sales Of Other Real Estate
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60000
CY2019Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
27000
CY2020Q1 us-gaap Goodwill
Goodwill
11109000
CY2019Q4 us-gaap Goodwill
Goodwill
11109000
CY2020Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2020Q1 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
7200000
CY2019Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
7200000
CY2020Q1 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
377000
CY2019Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
166000
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3704000
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2562000
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
512000
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
340000
CY2020Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
CY2019Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
CY2020Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
85000
CY2019Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
430000
CY2020Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
5885000
CY2019Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-964000
CY2020Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
7272000
CY2019Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
27641000
CY2020Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1155000
CY2019Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
50000
CY2020Q1 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
CY2020Q1 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
11029000
CY2019Q1 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
10543000
CY2020Q1 us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
1485000
CY2019Q1 us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
1684000
CY2020Q1 us-gaap Interest And Fee Income Loans Consumer
InterestAndFeeIncomeLoansConsumer
187000
CY2019Q1 us-gaap Interest And Fee Income Loans Consumer
InterestAndFeeIncomeLoansConsumer
111000
CY2020Q1 us-gaap Interest And Fee Income Loans Real Estate Construction
InterestAndFeeIncomeLoansRealEstateConstruction
9357000
CY2019Q1 us-gaap Interest And Fee Income Loans Real Estate Construction
InterestAndFeeIncomeLoansRealEstateConstruction
8748000
CY2020Q1 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
976423000
CY2019Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
982276000
CY2020Q1 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
15119000
CY2019Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
10750000
CY2020Q1 us-gaap Interest Expense
InterestExpense
2198000
CY2019Q1 us-gaap Interest Expense
InterestExpense
1887000
CY2020Q1 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
94000
CY2019Q1 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
166000
CY2019Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
10600000
CY2020Q1 us-gaap Interest Expense Deposits
InterestExpenseDeposits
2064000
CY2019Q1 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1672000
CY2020Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
10157000
CY2019Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
10283000
CY2020Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
10671000
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
2283000
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
1907000
CY2020Q1 us-gaap Interest Receivable
InterestReceivable
4114000
CY2019Q4 us-gaap Interest Receivable
InterestReceivable
4029000
CY2020Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
5217000
CY2019Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
4676000
CY2020Q1 us-gaap Liabilities
Liabilities
1209272000
CY2019Q4 us-gaap Liabilities
Liabilities
1194619000
CY2020Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1349927000
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1328722000
CY2020Q1 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
CY2019Q1 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
145546000
CY2020Q1 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
169000
CY2019Q1 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
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163000
CY2020Q1 us-gaap Loans And Leases Receivable Allowance
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9511000
CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
8999000
CY2018Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7962000
CY2019Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
8236000
CY2020Q1 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
915371000
CY2019Q4 us-gaap Loans And Leases Receivable Before Fees Gross
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903956000
CY2020Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
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918962000
CY2019Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
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906869000
CY2020Q1 us-gaap Loans And Leases Receivable Net Reported Amount
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909451000
CY2019Q4 us-gaap Loans And Leases Receivable Net Reported Amount
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897870000
CY2020Q1 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
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5375000
CY2019Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
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6091000
CY2020Q1 us-gaap Marketing Expense
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208000
CY2019Q1 us-gaap Marketing Expense
MarketingExpense
263000
CY2020Q1 us-gaap Mortgage Loans On Real Estate
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780397000
CY2019Q4 us-gaap Mortgage Loans On Real Estate
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771018000
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7694000
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
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4795000
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
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37414000
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
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9533000
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
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1416000
CY2020Q1 us-gaap Net Income Loss
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3192000
CY2019Q1 us-gaap Net Income Loss
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2222000
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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3192000
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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2222000
CY2020Q1 us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
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CY2019Q1 us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
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5491000
CY2020Q1 us-gaap Noninterest Bearing Deposit Liabilities
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185219000
CY2019Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
172094000
CY2020Q1 us-gaap Noninterest Expense
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9999000
CY2019Q1 us-gaap Noninterest Expense
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10291000
CY2020Q1 us-gaap Noninterest Income
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3546000
CY2019Q1 us-gaap Noninterest Income
NoninterestIncome
2570000
CY2020Q1 us-gaap Notes Receivable Net
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918962000
CY2019Q4 us-gaap Notes Receivable Net
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906869000
CY2020Q1 us-gaap Occupancy Net
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1409000
CY2019Q1 us-gaap Occupancy Net
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1123000
CY2020Q1 us-gaap Other Assets
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18547000
CY2019Q4 us-gaap Other Assets
OtherAssets
18557000
CY2020Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
5602000
CY2019Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
3831000
CY2020Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
4425000
CY2019Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
3033000
CY2020Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
1177000
CY2019Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
798000
CY2020Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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510000
CY2019Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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352000
CY2020Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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6112000
CY2019Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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4183000
CY2019Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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3033000
CY2020Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2020Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
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30205
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
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CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
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CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
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32.58
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CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
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40.13
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4625
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
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CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
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CY2020Q1 us-gaap Stock Issued1
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CY2019Q1 us-gaap Stock Issued1
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CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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3458505
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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3343183
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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3458505
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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3343183

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