2018 Q1 Form 10-Q Financial Statement

#000095015918000208 Filed on May 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $20.90M $16.19M
YoY Change 29.11% 26.84%
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 $1.360M $1.210M
YoY Change 12.4% 24.74%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $2.783M $1.968M
YoY Change 41.41% 33.79%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.149M $1.753M
YoY Change 22.59% 65.38%
Income Tax $372.0K -$34.00K
% Of Pretax Income 17.31% -1.94%
Net Earnings $1.777M $1.787M
YoY Change -0.56% 64.7%
Net Earnings / Revenue 8.5% 11.04%
Basic Earnings Per Share $0.03 $0.03
Diluted Earnings Per Share $0.03 $0.03
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding 58.37M 58.05M

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $36.59M
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 $77.15M $58.93M
YoY Change 30.93% 18.8%
Goodwill $5.011M $5.011M
YoY Change 0.0%
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 $2.471B $1.969B
YoY Change 25.55% 32.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $300.0K $500.0K
YoY Change -40.0% 150.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $93.92M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $300.0K $500.0K
YoY Change -40.0% 150.0%
LONG-TERM LIABILITIES
Long-Term Debt $11.30M $21.60M
YoY Change -47.69% -4.0%
Other Long-Term Liabilities $8.400M $7.600M
YoY Change 10.53% 31.03%
Total Long-Term Liabilities $19.70M $29.20M
YoY Change -32.53% 3.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $300.0K $500.0K
Total Long-Term Liabilities $19.70M $29.20M
Total Liabilities $2.237B $1.750B
YoY Change 27.83% 28.12%
SHAREHOLDERS EQUITY
Retained Earnings -$15.57M -$26.10M
YoY Change -40.36%
Common Stock $592.0K $574.0K
YoY Change 3.14%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.725M $3.725M
YoY Change 0.0%
Treasury Stock Shares $503.4K $503.4K
Shareholders Equity $234.1M $218.3M
YoY Change
Total Liabilities & Shareholders Equity $2.471B $1.969B
YoY Change 25.55% 32.77%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $1.777M $1.787M
YoY Change -0.56% 64.7%
Depreciation, Depletion And Amortization $1.360M $1.210M
YoY Change 12.4% 24.74%
Cash From Operating Activities $22.11M $4.324M
YoY Change 411.38% 115.12%
INVESTING ACTIVITIES
Capital Expenditures $3.563M $3.061M
YoY Change 16.4% -30.29%
Acquisitions
YoY Change
Other Investing Activities -$203.9M -$42.36M
YoY Change 381.4% 4768.97%
Cash From Investing Activities -$207.5M -$45.42M
YoY Change 356.81% 763.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 154.5M 43.13M
YoY Change 258.19% 4.42%
NET CHANGE
Cash From Operating Activities 22.11M 4.324M
Cash From Investing Activities -207.5M -45.42M
Cash From Financing Activities 154.5M 43.13M
Net Change In Cash -30.87M 2.037M
YoY Change -1615.61% -94.65%
FREE CASH FLOW
Cash From Operating Activities $22.11M $4.324M
Capital Expenditures $3.563M $3.061M
Free Cash Flow $18.55M $1.263M
YoY Change 1368.65% -153.04%

Facts In Submission

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FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
5809000
CY2018Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
668000
CY2017Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
2790000
CY2018Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
CY2017Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
36000
CY2018Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2349000
CY2017Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
10000
CY2018Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1225919000
CY2017Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1137333000
CY2018Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
25151000
CY2017Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
24716000
CY2018Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
CY2018Q1 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
8184000
CY2017Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
8218000
CY2018Q1 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
3
CY2017 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
CY2018Q1 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
CY2017Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
CY2018Q1 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
1236775000
CY2017Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
1146091000
CY2018Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
14132000
CY2017Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
14845000
CY2018Q1 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
14295000
CY2017Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
15958000
CY2017Q1 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P1Y
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
61000
CY2017Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
35000
CY2017Q1 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
CY2018Q1 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
311000
CY2017Q1 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
346000
CY2018Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
2185000
CY2017Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
1857000
CY2018Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
992000
CY2017Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
688000
CY2018Q1 us-gaap General Insurance Expense
GeneralInsuranceExpense
292000
CY2017Q1 us-gaap General Insurance Expense
GeneralInsuranceExpense
273000
CY2018Q1 us-gaap Goodwill
Goodwill
5011000
CY2017Q4 us-gaap Goodwill
Goodwill
5011000
CY2016Q4 us-gaap Goodwill
Goodwill
5011000
CY2017Q1 us-gaap Goodwill
Goodwill
5011000
CY2018Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0
CY2017Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
CY2018Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2017Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2018Q1 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
519295000
CY2017Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
472213000
CY2018Q1 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
745000
CY2017Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
411000
CY2018Q1 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
17449000
CY2017Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
8825000
CY2018Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
12551000
CY2017Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
7624000
CY2018Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
17449000
CY2017Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
8825000
CY2018Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
481282000
CY2017Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
404229000
CY2018Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
4898000
CY2017Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1201000
CY2018Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
232345000
CY2017Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
154170000
CY2018Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
248937000
CY2017Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
250059000
CY2018Q1 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
91966000
CY2018Q1 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
96355000
CY2018Q1 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
21098000
CY2018Q1 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
21525000
CY2018Q1 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
CY2018Q1 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
CY2018Q1 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
CY2018Q1 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
CY2018Q1 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
502591000
CY2017Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
463799000
CY2018Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
24934000
CY2017Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
28529000
CY2018Q1 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
25151000
CY2017Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
24716000
CY2018Q1 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
668000
CY2017Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
2790000
CY2018Q1 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
30780000
CY2017Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
29168000
CY2018Q1 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
18922000
CY2017Q1 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
16164000
CY2018Q1 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
92000
CY2017Q1 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
94000
CY2018Q1 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
22573000
CY2017Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
15270000
CY2018Q1 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
28180000
CY2017Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
19666000
CY2018Q1 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
6012000
CY2017Q1 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
12365000
CY2018Q1 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
10000
CY2017Q1 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
32000
CY2018Q1 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
2578000
CY2017Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
9446000
CY2018Q1 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
2600000
CY2017Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
9502000
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2149000
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1753000
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
372000
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-34000
CY2018Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
504000
CY2017Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
1501000
CY2018Q1 us-gaap Increase Decrease In Demand Deposits
IncreaseDecreaseInDemandDeposits
47814000
CY2017Q1 us-gaap Increase Decrease In Demand Deposits
IncreaseDecreaseInDemandDeposits
47573000
CY2018Q1 us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
90637000
CY2017Q1 us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
60878000
CY2018Q1 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-2229000
CY2017Q1 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-1223000
CY2018Q1 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
12342000
CY2017Q1 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
-4731000
CY2018Q1 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
824000
CY2017Q1 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
785000
CY2018Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
35000
CY2017Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
46000
CY2016Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
5072000
CY2017Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
5046000
CY2018Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
20899000
CY2017Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
16187000
CY2018Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
13907000
CY2017Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
10941000
CY2018Q1 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
362000
CY2017Q1 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
258000
CY2018Q1 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
9142000
CY2017Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
25869000
CY2018Q1 us-gaap Interest Bearing Domestic Deposit Demand
InterestBearingDomesticDepositDemand
826726000
CY2017Q4 us-gaap Interest Bearing Domestic Deposit Demand
InterestBearingDomesticDepositDemand
807736000
CY2018Q1 us-gaap Interest Expense
InterestExpense
2783000
CY2017Q1 us-gaap Interest Expense
InterestExpense
1968000
CY2018Q1 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
185000
CY2017Q1 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
366000
CY2018Q1 us-gaap Interest Expense Negotiable Order Of Withdrawal Now Deposits
InterestExpenseNegotiableOrderOfWithdrawalNOWDeposits
1257000
CY2017Q1 us-gaap Interest Expense Negotiable Order Of Withdrawal Now Deposits
InterestExpenseNegotiableOrderOfWithdrawalNOWDeposits
608000
CY2018Q1 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
369000
CY2017Q1 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
296000
CY2018Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
17716000
CY2017Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
14219000
CY2018Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
18116000
CY2017Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
14219000
CY2018Q1 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
172000
CY2017Q1 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
61000
CY2018Q1 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
109000
CY2017Q1 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
194000
CY2018Q1 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
6349000
CY2017Q1 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
4733000
CY2018Q1 us-gaap Interest Paid Net
InterestPaidNet
2849000
CY2017Q1 us-gaap Interest Paid Net
InterestPaidNet
1992000
CY2018Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
339000
CY2017Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
293000
CY2018Q1 us-gaap Interest Receivable Current
InterestReceivableCurrent
7756000
CY2017Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
7009000
CY2018Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
10645000
CY2017Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
8582000
CY2018Q1 us-gaap Legal Fees
LegalFees
291000
CY2017Q1 us-gaap Legal Fees
LegalFees
252000
CY2018Q1 us-gaap Liabilities
Liabilities
2237390000
CY2017Q4 us-gaap Liabilities
Liabilities
2095887000
CY2018Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2471464000
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2322347000
CY2018Q1 us-gaap Loan Processing Fee
LoanProcessingFee
278000
CY2017Q1 us-gaap Loan Processing Fee
LoanProcessingFee
442000
CY2018Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
6650000
CY2017Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
8599000
CY2018Q1 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
158000
CY2017Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
-229000
CY2018Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1251070000
CY2017Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1162049000
CY2018Q1 us-gaap Loans And Leases Receivable Impaired Interest Income Recognized Change In Present Value Attributable To Passage Of Time
LoansAndLeasesReceivableImpairedInterestIncomeRecognizedChangeInPresentValueAttributableToPassageOfTime
102000
CY2017Q1 us-gaap Loans And Leases Receivable Impaired Interest Income Recognized Change In Present Value Attributable To Passage Of Time
LoansAndLeasesReceivableImpairedInterestIncomeRecognizedChangeInPresentValueAttributableToPassageOfTime
126000
CY2018Q1 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
179000
CY2017Q1 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
276000
CY2018Q1 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
1244262000
CY2017Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
1153679000
CY2018Q1 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
19685000
CY2017Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
43375000
CY2018Q1 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
0
CY2017Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
0
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
154501000
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
43134000
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-207486000
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-45421000
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
22112000
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4324000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
1777000
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
1787000
CY2018Q1 us-gaap Noninterest Bearing Domestic Deposit Demand
NoninterestBearingDomesticDepositDemand
464383000
CY2017Q4 us-gaap Noninterest Bearing Domestic Deposit Demand
NoninterestBearingDomesticDepositDemand
438500000
CY2018Q1 us-gaap Noninterest Expense
NoninterestExpense
20102000
CY2017Q1 us-gaap Noninterest Expense
NoninterestExpense
16804000
CY2018Q1 us-gaap Noninterest Income
NoninterestIncome
4535000
CY2017Q1 us-gaap Noninterest Income
NoninterestIncome
4338000
CY2018Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2018Q1 us-gaap Occupancy Net
OccupancyNet
2113000
CY2017Q1 us-gaap Occupancy Net
OccupancyNet
1715000
CY2018Q1 us-gaap Other Assets
OtherAssets
29172000
CY2017Q4 us-gaap Other Assets
OtherAssets
28532000
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5208000
CY2017Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
650000
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-6708000
CY2017Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
971000
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-5239000
CY2017Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
623000
CY2018Q1 us-gaap Other Liabilities
OtherLiabilities
8431000
CY2017Q4 us-gaap Other Liabilities
OtherLiabilities
10618000
CY2018Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
2482000
CY2017Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1996000
CY2017Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
0
CY2018Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
0
CY2017Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
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CY2017Q1 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
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CY2018Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
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CY2017Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
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CY2018Q1 us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
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CY2018Q1 us-gaap Proceeds From Stock Options Exercised
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CY2017Q1 us-gaap Provision For Loan And Lease Losses
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CY2018Q1 us-gaap Real Estate Acquired Through Foreclosure
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CY2018Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
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1210000
CY2017Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
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892000
CY2018Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P30D
CY2018Q1 us-gaap Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of10 Percent Adverse Change In Discount Rate
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CY2018Q1 us-gaap Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of20 Percent Adverse Change In Discount Rate
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-376000
CY2017Q4 us-gaap Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of20 Percent Adverse Change In Discount Rate
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CY2018Q1 us-gaap Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of20 Percent Adverse Change In Prepayment Speed
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SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInPrepaymentSpeed
-333000
CY2018Q1 us-gaap Servicing Asset
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ServicingAssetAtFairValueAdditions
320000
CY2017Q1 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
211000
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ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
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CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
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ShareBasedCompensation
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0
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0
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0.2822
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
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CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
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CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
4000
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
9600
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11000000
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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10500000
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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8100000
CY2017Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
6700000
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1997538
CY2017Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
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1697852
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
716364
CY2017Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
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CY2018Q1 us-gaap Short Term Borrowings
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CY2017Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
CY2018Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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CY2017Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
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10094000
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240000
CY2018Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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430000
CY2017Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
218324000
CY2018Q1 us-gaap Subordinated Debt
SubordinatedDebt
11254000
CY2017Q4 us-gaap Subordinated Debt
SubordinatedDebt
21681000
CY2018Q1 us-gaap Taxes Other
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245000
CY2017Q1 us-gaap Taxes Other
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236000
CY2018Q1 us-gaap Time Deposits
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129079000
CY2017Q4 us-gaap Time Deposits
TimeDeposits
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CY2018Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
503408
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TreasuryStockValue
3725000
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
3725000
CY2018Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:18pt;"><div style="display: inline; font-style: italic;"><div style="display: inline; font-weight: bold;">Use of Estimates</div></div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-style: italic;"><div style="display: inline; font-weight: bold;">&nbsp;</div></div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:18pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make significant estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:18pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:18pt;">Significant estimates are made by management in determining the allowance for loan losses, carrying values of other real estate owned, assessment of other than temporary impairment (&#x201c;OTTI&#x201d;) of investment securities, fair value of financial instruments, (see &#x201c;Note <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">7&#x201d;</div> below), and the realization of deferred income tax assets. Consideration is given to a variety of factors in establishing these estimates.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:18pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:18pt;">In estimating the allowance for loan losses, management considers current economic conditions, past loss experience, diversification of the loan portfolio, delinquency statistics, results of internal loan reviews and regulatory examinations, borrowers&#x2019; perceived financial and managerial strengths, the adequacy of underlying collateral, if collateral dependent, or present value of future cash flows, and other relevant and qualitative risk factors. Subsequent to foreclosure, an estimate for the carrying value of other real estate owned is normally determined through valuations that are periodically performed by management and the assets are carried at the lower of carrying amount or fair value, less the cost to sell. Because the allowance for loan losses and carrying value of other real estate owned are dependent, to a great extent, on the general economy and other conditions that <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may </div>be beyond the Company&#x2019;s and Republic&#x2019;s control, the estimates of the allowance for loan losses and the carrying values of other real estate owned could differ materially in the near term.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:18pt;"></div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:18pt;">In estimating OTTI of investment securities, securities are evaluated on at least a quarterly basis and more frequently when market conditions warrant such an evaluation, to determine whether a decline in their value is other-than-temporary. To determine whether a loss in value is other-than-temporary, management utilizes criteria such as the reasons underlying the decline, the magnitude and duration of the decline, the intent to hold the security and the likelihood of the Company <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> being required to sell the security prior to an anticipated recovery in the fair value. The term &#x201c;other-than-temporary&#x201d; is <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> intended to indicate that the decline is permanent, but indicates that the prospect for a near-term recovery of value is <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> necessarily favorable, or that there is a lack of evidence to support a realizable value equal to or greater than the carrying value of investment. Once a decline in value is determined to be other-than-temporary, the portion of the decline related to credit impairment is charged to earnings.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 17.25pt;">In evaluating the Company&#x2019;s ability to recover deferred tax assets, management considers all available positive and negative evidence, including the past operating results and forecasts of future taxable income. In determining future taxable income, management makes assumptions for the amount of taxable income, the reversal of temporary differences and the implementation of feasible and prudent tax planning strategies. These assumptions require management to make judgments about the future taxable income and are consistent with the plans and estimates used to manage the business. A material reduction in estimated future taxable income <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may </div>require management to record a valuation allowance against the deferred tax assets. An increase in the valuation allowance would result in additional income tax expense in the period and could have a significant impact on future earnings.</div></div></div></div></div></div></div></div></div>
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58370000
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58048000
CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
57100000
CY2017Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
56824000

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