2018 Q4 Form 10-K Financial Statement

#000143774919005012 Filed on March 15, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2018 2017 Q4
Revenue $11.18M $800.0K $8.087M
YoY Change 38.21% -97.43% 4.74%
Cost Of Revenue $492.0K
YoY Change 33.33%
Gross Profit $308.0K
YoY Change -99.0%
Gross Profit Margin 38.5%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $811.0K
YoY Change -2.29%
% of Gross Profit 263.31%
Depreciation & Amortization $510.0K $1.630M $350.0K
YoY Change 45.71% 44.25% 45.83%
% of Gross Profit 529.22%
Operating Expenses $5.965M
YoY Change 4.39%
Operating Profit -$5.657M
YoY Change -122.61%
Interest Expense $1.533M $4.350M $804.0K
YoY Change 90.67% 60.75% 36.73%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.947M $3.391M $734.0K
YoY Change 165.26% 29.23% -314.62%
Income Tax $470.0K $901.0K $2.600M
% Of Pretax Income 24.14% 26.57% 354.22%
Net Earnings $1.477M $2.490M -$1.866M
YoY Change -179.15% -705.84% 1677.14%
Net Earnings / Revenue 13.21% 311.25% -23.07%
Basic Earnings Per Share $0.23 $0.40 -$0.30
Diluted Earnings Per Share $0.22 $0.37 -$0.30
COMMON SHARES
Basic Shares Outstanding 6.277M
Diluted Shares Outstanding 6.655M

Balance Sheet

Concept 2018 Q4 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $203.5M $207.3M
YoY Change -1.8% -10.4%
Cash & Equivalents $49.60M $27.12M
Short-Term Investments $153.9M $180.2M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $27.64M $27.60M $26.43M
YoY Change 4.58% 4.55% 44.13%
Goodwill $7.400M $0.00
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $791.9M $791.9M $625.6M
YoY Change 26.59% 26.58% 3.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $400.0K $400.0K $400.0K
YoY Change 0.0% 0.0% 100.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $527.0K $500.0K $15.59M
YoY Change -96.62% -96.79% 54.11%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $400.0K $400.0K $400.0K
YoY Change 0.0% 0.0% 100.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.800M $6.800M $6.300M
YoY Change 7.94% 7.94% -18.18%
Total Long-Term Liabilities $6.800M $6.800M $6.300M
YoY Change 7.94% 7.94% -18.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $400.0K $400.0K $400.0K
Total Long-Term Liabilities $6.800M $6.800M $6.300M
Total Liabilities $712.5M $712.5M $549.4M
YoY Change 29.69% 29.69% 3.53%
SHAREHOLDERS EQUITY
Retained Earnings $88.67M $86.67M
YoY Change 2.3% -0.87%
Common Stock $13.57M $10.83M
YoY Change 25.33% -0.29%
Preferred Stock
YoY Change
Treasury Stock (at cost) $20.41M $20.41M
YoY Change 0.0% -1.69%
Treasury Stock Shares $1.264M $1.264M
Shareholders Equity $79.40M $79.40M $76.20M
YoY Change
Total Liabilities & Shareholders Equity $791.9M $791.9M $625.6M
YoY Change 26.59% 26.58% 3.08%

Cashflow Statement

Concept 2018 Q4 2018 2017 Q4
OPERATING ACTIVITIES
Net Income $1.477M $2.490M -$1.866M
YoY Change -179.15% -705.84% 1677.14%
Depreciation, Depletion And Amortization $510.0K $1.630M $350.0K
YoY Change 45.71% 44.25% 45.83%
Cash From Operating Activities $500.0K $8.064M $1.370M
YoY Change -63.5% 19.43% -51.76%
INVESTING ACTIVITIES
Capital Expenditures -$900.0K $1.549M -$530.0K
YoY Change 69.81% -85.1% -84.13%
Acquisitions $19.01M
YoY Change
Other Investing Activities $13.04M $4.250M -$19.79M
YoY Change -165.89% -134.75% 89.2%
Cash From Investing Activities $12.14M $2.702M -$20.32M
YoY Change -159.74% -111.94% 47.35%
FINANCING ACTIVITIES
Cash Dividend Paid $495.0K
YoY Change 1.85%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -13.13M 11.71M 13.53M
YoY Change -197.04% -39.85% 61.26%
NET CHANGE
Cash From Operating Activities 500.0K 8.064M 1.370M
Cash From Investing Activities 12.14M 2.702M -20.32M
Cash From Financing Activities -13.13M 11.71M 13.53M
Net Change In Cash -490.0K 22.48M -5.420M
YoY Change -90.96% 525.35% 111.72%
FREE CASH FLOW
Cash From Operating Activities $500.0K $8.064M $1.370M
Capital Expenditures -$900.0K $1.549M -$530.0K
Free Cash Flow $1.400M $6.515M $1.900M
YoY Change -26.32% -278.93% -69.26%

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ImpairedFinancingReceivableInterestIncomeAccrualMethod
65000
CY2017 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
55000
CY2018 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
67000
CY2017 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
54000
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1539000
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ImpairedFinancingReceivableRecordedInvestment
791000
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343000
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610000
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275000
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CY2017Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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68000
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770000
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9331000
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20082000
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14594000
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10076000
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10390000
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1081000
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9699000
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9991000
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20852000
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25949000
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1460000
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1688000
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791000
CY2018Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
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708000
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831000
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791000
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242000
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198000
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3391000
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2624000
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1947000
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509000
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440000
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495000
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734000
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808000
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548000
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534000
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901000
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81000
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2600000
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173000
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132000
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130000
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CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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2471000
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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712000
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892000
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237000
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-54000
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137000
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54000
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119000
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219000
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134000
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127000
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224000
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47271000
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19523000
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6646000
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43000
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140000
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1653000
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444000
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70000
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633000
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31100000
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9452000
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817000
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390000
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32899000
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26996000
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435248000
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39803000
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19547000
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4350000
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2706000
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1533000
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InterestExpense
804000
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InterestExpense
685000
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626000
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591000
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4151000
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2407000
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84000
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177000
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115000
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122000
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30166000
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26407000
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7539000
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InterestIncomeExpenseAfterProvisionForLoanLoss
6800000
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6656000
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6760000
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6762000
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6481000
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6404000
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InterestIncomeExpenseNet
28394000
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9644000
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InterestIncomeExpenseNet
8328000
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7502000
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7314000
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InterestIncomeExpenseNet
7283000
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InterestIncomeExpenseNet
7135000
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7057000
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6919000
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132000
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304000
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3290000
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2566000
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5000
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5000
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357458000
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44000
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19000
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500000
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0
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200000
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0
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773000
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="; text-indent: 0px; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="vertical-align: top;"> <td style="width: 27pt;"> <div style=" margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1.</div></div></div> </td> <td> <div style=" margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">DESCRIPTION OF BUSINESS </div></div> </td> </tr> </table> <div style=" font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" margin: 0pt 0pt 0pt 27pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">First US Bancshares, Inc. (&#x201c;Bancshares<div style="display: inline; font-family: Times New Roman, Times, serif; font-size: 10pt;">&#x201d;) and its wholly-owned subsidiary, First US Bank (the &#x201c;Bank&#x201d;), provide commercial banking services to customers through <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">20</div> banking offices located in Birmingham, Bucksville, Butler, Calera, Centreville,&nbsp;Columbiana,&nbsp;Gilbertown, Grove Hill, Harpersville, Jackson, Thomasville, Tuscaloosa and Woodstock, Alabama; Knoxville and Powell, Tennessee; and Rose Hill and Ewing, Virginia. Both Bancshares and the Bank are headquartered in Birmingham, Alabama.</div></div> <div style=" margin: 0pt 0pt 0pt 27pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</div> <div style=" margin: 0pt 0pt 0pt 27pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">The Bank owns all of the stock of Acceptance Loan Company, Inc. (&#x201c;<div style="display: inline; font-family: Times New Roman, Times, serif; font-size: 10pt;">ALC&#x201d;), an Alabama corporation. </div>ALC is a finance company headquartered in Mobile, Alabama that performs both indirect lending through <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">third</div>-party retailers and conventional consumer finance lending through a branch network. ALC conducts indirect lending in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div> states, including Alabama, Florida, Georgia, Kentucky, Mississippi, Missouri, North Carolina, South Carolina, Tennessee and Virginia, with loans underwritten centrally at ALC&#x2019;s headquarters location. ALC&#x2019;s branch network serves customers through <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">21</div> offices located in Alabama and southeast Mississippi. The Bank serves as the primary funding source for ALC&#x2019;s operations. In recent years, ALC&#x2019;s indirect lending portfolio has grown at a more rapid pace than conventional consumer finance lending. In general, the credit quality of indirect lending exceeds the credit quality of conventional consumer finance lending, with a commensurate reduction in yield.</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 27pt;">&nbsp;</div> <div style=" margin: 0pt 0pt 0pt 27pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><div style="display: inline; font-family: Times New Roman, Times, serif; font-size: 10pt;">The Bank also owns all of the stock of FUSB Reinsurance, Inc. (&#x201c;FUSB Reinsurance&#x201d;), an Arizona corporation. FUSB Reinsurance is an insurance company that underwrites credit life and accidental death insurance related to loans written by the Bank and ALC.</div></div></div>
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NetCashProvidedByUsedInFinancingActivities
19465000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2702000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-22623000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8064000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6752000
CY2018 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
164690000
CY2017 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
CY2018 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
150812000
CY2017 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
CY2018Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
109050000
CY2017Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
81831000
CY2018 us-gaap Noninterest Expense
NoninterestExpense
32317000
CY2017 us-gaap Noninterest Expense
NoninterestExpense
28449000
CY2018Q4 us-gaap Noninterest Expense
NoninterestExpense
8382000
CY2018Q3 us-gaap Noninterest Expense
NoninterestExpense
9142000
CY2018Q2 us-gaap Noninterest Expense
NoninterestExpense
7492000
CY2018Q1 us-gaap Noninterest Expense
NoninterestExpense
7301000
CY2017Q4 us-gaap Noninterest Expense
NoninterestExpense
7359000
CY2017Q3 us-gaap Noninterest Expense
NoninterestExpense
7190000
CY2017Q2 us-gaap Noninterest Expense
NoninterestExpense
6863000
CY2018 us-gaap Noninterest Income
NoninterestIncome
5542000
CY2017 us-gaap Noninterest Income
NoninterestIncome
4666000
CY2018Q4 us-gaap Noninterest Income
NoninterestIncome
1158000
CY2018Q3 us-gaap Noninterest Income
NoninterestIncome
2112000
CY2018Q2 us-gaap Noninterest Income
NoninterestIncome
1132000
CY2018Q1 us-gaap Noninterest Income
NoninterestIncome
1140000
CY2017Q4 us-gaap Noninterest Income
NoninterestIncome
1333000
CY2017Q3 us-gaap Noninterest Income
NoninterestIncome
1236000
CY2017Q2 us-gaap Noninterest Income
NoninterestIncome
930000
CY2017Q1 us-gaap Noninterest Income
NoninterestIncome
1167000
CY2018 us-gaap Noninterest Income Other
NoninterestIncomeOther
1408000
CY2017 us-gaap Noninterest Income Other
NoninterestIncomeOther
1631000
CY2018 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2017 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2018 us-gaap Occupancy Net
OccupancyNet
3609000
CY2017 us-gaap Occupancy Net
OccupancyNet
3164000
CY2018 us-gaap Open Tax Year
OpenTaxYear
2013 2014 2015 2016 2017 2018
CY2018 us-gaap Operating Expenses
OperatingExpenses
5965000
CY2017 us-gaap Operating Expenses
OperatingExpenses
5714000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
5437000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
898000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
494000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
535000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
589000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
719000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
2202000
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
700000
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
700000
CY2018Q4 us-gaap Other Assets
OtherAssets
7954000
CY2017Q4 us-gaap Other Assets
OtherAssets
8372000
CY2017 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
484000
CY2018 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1176000
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
398000
CY2017 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
61000
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
133000
CY2017 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
36000
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
731000
CY2017 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
243000
CY2017 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
0
CY2017 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
61000
CY2018 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-333000
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1509000
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
545000
CY2018 us-gaap Payments For Federal Home Loan Bank Advances
PaymentsForFederalHomeLoanBankAdvances
10000000
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
89000
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
145000
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
29000
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
84000
CY2018 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1087000
CY2017 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
629000
CY2018 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-362000
CY2017 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
366000
CY2018 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
2357000
CY2017 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
2179000
CY2018Q4 us-gaap Other Liabilities
OtherLiabilities
6826000
CY2017Q4 us-gaap Other Liabilities
OtherLiabilities
6319000
CY2018 us-gaap Other Noninterest Expense
OtherNoninterestExpense
5965000
CY2017 us-gaap Other Noninterest Expense
OtherNoninterestExpense
5714000
CY2018 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
0
CY2017 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
0
CY2017 us-gaap Payments For Federal Home Loan Bank Advances
PaymentsForFederalHomeLoanBankAdvances
5000000
CY2018 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-1471000
CY2017 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
28000
CY2018 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
17859000
CY2017 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
26109000
CY2018 us-gaap Payments Of Dividends
PaymentsOfDividends
495000
CY2017 us-gaap Payments Of Dividends
PaymentsOfDividends
486000
CY2018 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
19676000
CY2017 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
25360000
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
19014000
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
CY2018 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
CY2017 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
4696000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1549000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10393000
CY2017 us-gaap Profit Loss
ProfitLoss
-411000
CY2018 us-gaap Profit Loss
ProfitLoss
2490000
CY2018Q4 us-gaap Profit Loss
ProfitLoss
1477000
CY2018 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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=" margin: 0pt 0pt 0pt 27pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Reclassification and Restatement</div></div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 27pt;">&nbsp;</div> <div style=" margin: 0pt 0pt 0pt 27pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">Certain amounts in the prior period consolidated financial statements have been reclassified to conform to the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018</div> presentation. In addition, the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2017</div> diluted net loss per share, which was included in the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2017</div> financial statements at (<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$0.06</div>), was restated in the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018</div> presentation to (<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$0.07</div>) as the potentially dilutive shares were determined to be anti-dilutive.</div></div></div></div></div></div></div></div></div>
CY2018 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
CY2017 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
CY2018 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
40665000
CY2017 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
51681000
CY2018 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
4693000
CY2017 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
4186000
CY2018 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-25067000
CY2017 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
5475000
CY2018 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
4221000
CY2017 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
1749000
CY2018 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
2656000
CY2017 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
848000
CY2018 us-gaap Professional Fees
ProfessionalFees
1031000
CY2017 us-gaap Professional Fees
ProfessionalFees
813000
CY2018Q3 us-gaap Profit Loss
ProfitLoss
240000
CY2018Q2 us-gaap Profit Loss
ProfitLoss
359000
CY2018Q1 us-gaap Profit Loss
ProfitLoss
414000
CY2017Q4 us-gaap Profit Loss
ProfitLoss
-1866000
CY2017Q3 us-gaap Profit Loss
ProfitLoss
635000
CY2017Q2 us-gaap Profit Loss
ProfitLoss
416000
CY2017Q1 us-gaap Profit Loss
ProfitLoss
404000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
48305000
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
46737000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
27643000
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
26433000
CY2018Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
1505000
CY2017Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
3792000
CY2016Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
4858000
CY2018Q4 us-gaap Related Party Deposit Liabilities
RelatedPartyDepositLiabilities
4900000
CY2017Q4 us-gaap Related Party Deposit Liabilities
RelatedPartyDepositLiabilities
4500000
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
88668000
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
86673000
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
249467
CY2018Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
500000
CY2017Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
600000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
206133
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
8.72
CY2018Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
100000
CY2017Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
200000
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
444000
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
366000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.015
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.015
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.283
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.2536
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0277
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0223
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
8.20
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1700
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
3334
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
62150
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
70600
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1200000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
318000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
272550
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
377950
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.43
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.21
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.80
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
8.12
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
8.15
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
11.15
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
11.79
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
11.71
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
13.84
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y182D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y182D
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
76241000
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
76208000
CY2017 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
87000
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1264202
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1264202
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
20414000
CY2018Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
527000
CY2017Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
15594000
CY2018 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
199000
CY2017 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-135000
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
500
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
21816
CY2018 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
2299000
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-31000
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
444000
CY2017 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
350000
CY2018 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
79437000
CY2018 us-gaap Supplies And Postage Expense
SuppliesAndPostageExpense
829000
CY2017 us-gaap Supplies And Postage Expense
SuppliesAndPostageExpense
674000
CY2018Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
70177000
CY2017Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
74383000
CY2018Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.04
CY2017Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.04
CY2018Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.05
CY2017Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.05
CY2018Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.0896
CY2017Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.1189
CY2018Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
70177000
CY2017Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
74383000
CY2018Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.07875
CY2017Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.0725
CY2018Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.08
CY2017Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.08
CY2018Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.1262
CY2017Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.1841
CY2018Q4 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
7652000
CY2018Q4 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
11867000
CY2018Q4 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
177338000
CY2018Q4 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
21388000
CY2018Q4 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
44251000
CY2018Q4 us-gaap Time Deposits
TimeDeposits
262496000
CY2018Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
70700000
CY2017Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
28100000
CY2018 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
456000
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
20414000
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
0
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2018 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0
CY2018 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=" margin: 0pt 0pt 0pt 27pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Use of Estimates</div></div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 27pt;">&nbsp;</div> <div style=" margin: 0pt 0pt 0pt 27pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">The accounting principles and reporting policies of the Company, and the methods of applying these principles, conform with accounting principles generally accepted in the United States of America (&#x201c;U.S. GAAP&#x201d;) and with general practices within the financial services industry. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated balance sheets and revenues and expenses for the period included in the consolidated statements of operations and of cash flows. Actual results could differ from those estimates.</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 27pt;">&nbsp;</div> <div style=" margin: 0pt 0pt 0pt 27pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">Material estimates that are particularly susceptible to significant changes in the near term relate to the accounting for the allowance for loan and lease losses, the value of other real estate owned (&#x201c;OREO&#x201d;) and certain collateral-dependent loans and deferred tax asset valuation. In connection with the determination of the allowance for loan losses and OREO, management generally obtains independent appraisals for significant properties, evaluates the overall portfolio characteristics and delinquencies and monitors economic conditions.</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 27pt;">&nbsp;</div> <div style=" margin: 0pt 0pt 0pt 27pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">A substantial portion of the Company&#x2019;s loans are secured by real estate in its primary market areas. Accordingly, the ultimate collectability of a substantial portion of the Company&#x2019;s loan portfolio and the recovery of a portion of the carrying amount of foreclosed real estate are susceptible to changes in economic conditions in the Company&#x2019;s primary market areas.</div></div></div></div></div></div></div></div></div>
CY2018 us-gaap Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
0.999
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
377951
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6654621
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6173450
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6276670
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6173450

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