2018 Q4 Form 10-Q Financial Statement

#000117485018000011 Filed on November 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $31.88M $29.45M
YoY Change 8.24%
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 $1.700M $1.500M $3.300M
YoY Change 1600.0% -54.55% 230.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $4.938M $3.063M
YoY Change 61.21%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $14.97M $14.21M $14.72M
YoY Change 16.77% -3.47% 47.62%
Income Tax $4.020M $3.268M $5.133M
% Of Pretax Income 26.85% 23.0% 34.88%
Net Earnings $10.86M $10.86M $9.511M
YoY Change 19.34% 14.17% 52.91%
Net Earnings / Revenue 34.06% 32.29%
Basic Earnings Per Share $1.13 $0.97
Diluted Earnings Per Share $1.11 $1.09 $0.91
COMMON SHARES
Basic Shares Outstanding 9.526M shares 9.633M shares 9.837M shares
Diluted Shares Outstanding 9.949M shares 10.41M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $249.5M $161.2M $96.10M
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 $48.17M $47.31M $47.40M
YoY Change 2.17% -0.2% 0.85%
Goodwill $107.4M $107.4M
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 $3.097B $3.001B $2.846B
YoY Change 5.6% 5.45% 25.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.70M $23.60M $21.80M
YoY Change -3.8% 8.26% 2.35%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $12.90M
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $17.70M $23.60M $34.70M
YoY Change -3.8% -31.99% 62.91%
LONG-TERM LIABILITIES
Long-Term Debt $42.10M $41.90M $41.40M
YoY Change 1.45% 1.21% 13.42%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $42.10M $41.90M $41.40M
YoY Change 1.45% 1.21% 13.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.70M $23.60M $34.70M
Total Long-Term Liabilities $42.10M $41.90M $41.40M
Total Liabilities $2.709B $2.623B $2.485B
YoY Change 5.52% 5.54% 24.69%
SHAREHOLDERS EQUITY
Retained Earnings $144.4M $133.5M
YoY Change 40.99%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $386.6M $377.2M $360.4M
YoY Change
Total Liabilities & Shareholders Equity $3.097B $3.001B $2.846B
YoY Change 5.6% 5.45% 25.39%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $10.86M $10.86M $9.511M
YoY Change 19.34% 14.17% 52.91%
Depreciation, Depletion And Amortization $1.700M $1.500M $3.300M
YoY Change 1600.0% -54.55% 230.0%
Cash From Operating Activities $10.40M $20.60M $14.60M
YoY Change -2.8% 41.1% 135.48%
INVESTING ACTIVITIES
Capital Expenditures $1.300M $2.200M $1.100M
YoY Change 85.71% 100.0% 37.5%
Acquisitions
YoY Change
Other Investing Activities -$7.500M -$23.50M -$35.20M
YoY Change -77.34% -33.24% 183.87%
Cash From Investing Activities -$8.800M -$25.70M -$36.20M
YoY Change -74.12% -29.01% 174.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 86.70M 62.30M 6.200M
YoY Change 5.73% 904.84% -34.74%
NET CHANGE
Cash From Operating Activities 10.40M 20.60M 14.60M
Cash From Investing Activities -8.800M -25.70M -36.20M
Cash From Financing Activities 86.70M 62.30M 6.200M
Net Change In Cash 88.30M 57.20M -15.40M
YoY Change 50.43% -471.43% -716.0%
FREE CASH FLOW
Cash From Operating Activities $10.40M $20.60M $14.60M
Capital Expenditures $1.300M $2.200M $1.100M
Free Cash Flow $9.100M $18.40M $13.50M
YoY Change -9.0% 36.3% 150.0%

Facts In Submission

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FinancingReceivableModificationsNumberOfContracts2
5 Loan
CY2017 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
5600000 USD
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
700000 USD
CY2017 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
6900000 USD
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
2700000 USD
CY2017Q4 us-gaap Financing Receivable Nonaccrual Percent Past Due1
FinancingReceivableNonaccrualPercentPastDue1
0.006
CY2018Q3 us-gaap Financing Receivable Nonaccrual Percent Past Due1
FinancingReceivableNonaccrualPercentPastDue1
0.005
CY2017Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
2072198000 USD
CY2018Q3 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
2132151000 USD
CY2017Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
13095000 USD
CY2018Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
10182000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
21040000 USD
CY2018Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
17994000 USD
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
3614000 USD
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
4026000 USD
CY2017Q3 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
1305000 USD
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
2071000 USD
CY2018Q3 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
146000 USD
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
1322000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
107366000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
107400000 USD
CY2018Q3 us-gaap Goodwill
Goodwill
107400000 USD
CY2017 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
16810000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
14640000 USD
CY2017 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
1623000 USD
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
1151000 USD
CY2017Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
17221000 USD
CY2018Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
13851000 USD
CY2017Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
163000 USD
CY2018Q3 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
0 USD
CY2017Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
26948000 USD
CY2018Q3 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
20839000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
14718000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
36880000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
14207000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
39834000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5133000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12605000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3268000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9431000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
8805000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
9325000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
22054000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
51171000 USD
CY2017Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
2238000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
6428000 USD
CY2018Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
2375000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
7094000 USD
CY2017Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
128406000 USD
CY2018Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
125360000 USD
CY2017Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
29454000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
79417000 USD
CY2018Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
31880000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
93210000 USD
CY2017Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
27329000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
73098000 USD
CY2018Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
28997000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
84644000 USD
CY2017Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
1839233000 USD
CY2018Q3 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
1857368000 USD
CY2017Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
68008000 USD
CY2018Q3 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
100066000 USD
CY2017Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
2364000 USD
CY2017Q3 us-gaap Interest Expense
InterestExpense
3063000 USD
us-gaap Interest Expense
InterestExpense
7182000 USD
CY2018Q3 us-gaap Interest Expense
InterestExpense
4938000 USD
us-gaap Interest Expense
InterestExpense
13591000 USD
CY2018Q3 us-gaap Junior Subordinated Notes
JuniorSubordinatedNotes
29976000 USD
CY2017Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
11488000 USD
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
0 USD
CY2018Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
4055000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
11012000 USD
CY2017Q3 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
699000 USD
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
1894000 USD
CY2018Q3 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
883000 USD
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
2571000 USD
CY2017Q3 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
0 USD
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
72000 USD
CY2018Q3 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
0 USD
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
8000 USD
CY2017Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
25416000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
70360000 USD
CY2018Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
26602000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
78259000 USD
CY2017Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
26391000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
72235000 USD
CY2018Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
26942000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
79619000 USD
CY2017Q3 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
604000 USD
us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
1761000 USD
CY2018Q3 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
572000 USD
us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
1737000 USD
CY2017Q3 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
1114000 USD
us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
3422000 USD
CY2018Q3 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
1564000 USD
us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
4503000 USD
us-gaap Interest Paid Net
InterestPaidNet
7117000 USD
us-gaap Interest Paid Net
InterestPaidNet
13294000 USD
CY2017Q4 us-gaap Interest Receivable And Other Assets
InterestReceivableAndOtherAssets
35816000 USD
CY2018Q3 us-gaap Interest Receivable And Other Assets
InterestReceivableAndOtherAssets
38819000 USD
CY2017Q4 us-gaap Junior Subordinated Notes
JuniorSubordinatedNotes
29616000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
32404000 USD
CY2018Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
12983000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
38149000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
2567554000 USD
CY2018Q3 us-gaap Liabilities
Liabilities
2622999000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2932433000 USD
CY2018Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3000902000 USD
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
398000000 USD
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
1314000 USD
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
1367000 USD
CY2016Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
11820000 USD
CY2017Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
12610000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
12653000 USD
CY2018Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
12992000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
2087925000 USD
CY2018Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
2143457000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
2075272000 USD
CY2018Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
2130465000 USD
CY2017Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
4666000 USD
CY2018Q3 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
2593000 USD
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
78046000 USD
CY2018Q3 us-gaap Long Term Debt
LongTermDebt
77241000 USD
CY2017Q4 us-gaap Minority Interest
MinorityInterest
701000 USD
CY2018Q3 us-gaap Minority Interest
MinorityInterest
732000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
199000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
54058000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
33964000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-117010000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-68295000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
29952000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
40553000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
9511000 USD
us-gaap Net Income Loss
NetIncomeLoss
24047000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
10859000 USD
us-gaap Net Income Loss
NetIncomeLoss
30173000 USD
CY2017Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
74000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
228000 USD
CY2018Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
80000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
230000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9511000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
24047000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10859000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
30173000 USD
CY2017Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
631831000 USD
CY2018Q3 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
664788000 USD
CY2017Q3 us-gaap Noninterest Expense
NoninterestExpense
20862000 USD
us-gaap Noninterest Expense
NoninterestExpense
59498000 USD
CY2018Q3 us-gaap Noninterest Expense
NoninterestExpense
23044000 USD
us-gaap Noninterest Expense
NoninterestExpense
68137000 USD
CY2017Q3 us-gaap Noninterest Income
NoninterestIncome
10164000 USD
us-gaap Noninterest Income
NoninterestIncome
26018000 USD
CY2018Q3 us-gaap Noninterest Income
NoninterestIncome
10649000 USD
us-gaap Noninterest Income
NoninterestIncome
29712000 USD
CY2017Q3 us-gaap Noninterest Income Other
NoninterestIncomeOther
899000 USD
us-gaap Noninterest Income Other
NoninterestIncomeOther
2391000 USD
CY2018Q3 us-gaap Noninterest Income Other
NoninterestIncomeOther
1181000 USD
us-gaap Noninterest Income Other
NoninterestIncomeOther
3292000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-263000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2724000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
0 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-125000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
1741000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-497000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1339000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-4974000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
1222000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
1220000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-1840000 USD
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
834000 USD
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-1836000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-6814000 USD
CY2017Q3 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
407000 USD
us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
1136000 USD
CY2018Q3 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
747000 USD
us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
2326000 USD
CY2017Q4 us-gaap Other Investments
OtherInvestments
14837000 USD
CY2018Q3 us-gaap Other Investments
OtherInvestments
17479000 USD
CY2017Q4 us-gaap Other Liabilities
OtherLiabilities
18444000 USD
CY2018Q3 us-gaap Other Liabilities
OtherLiabilities
23602000 USD
CY2017Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1086000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
3598000 USD
CY2018Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1393000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
3718000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
164806000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
178911000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
126499000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
50703000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
2958000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
2974000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
186000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
49119000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
57891000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
3256000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
634000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
199000 USD
CY2017Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2018Q3 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2018Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
175000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
167000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
30000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
0 USD
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
561000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
34426000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
40302000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
10798000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
10798000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 USD
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
164726000 USD
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
184314000 USD
us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
6519000 USD
us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
807000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
12900000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
364879000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
377903000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1064000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1224000 USD
CY2017Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
28500000 USD
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
828000 USD
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
587000 USD
CY2017Q3 us-gaap Profit Loss
ProfitLoss
9585000 USD
us-gaap Profit Loss
ProfitLoss
24275000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
10939000 USD
us-gaap Profit Loss
ProfitLoss
30403000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
47151000 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
47305000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1875000 USD
CY2017 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
2325000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1360000 USD
CY2017Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
975000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1875000 USD
CY2018Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
340000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1360000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4487000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1189000 USD
CY2017Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2400000 USD
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
7400000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
102391000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
133501000 USD
us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
679000 USD
us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
696000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1871000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3613000 USD
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
144000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
2194 shares
CY2017Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2018Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
1615 shares
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
167000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
1224000 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
17210000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
364178000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
377171000 USD
CY2018Q3 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
28800000 USD
us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
3236000 USD
us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
0 USD
CY2017Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
572000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
504000 shares
CY2018Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
316000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
325000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10409000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10408683 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9820724 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9821000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9949000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9949295 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10004316 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10004000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9836646 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9837000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9316814 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9317000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9633000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9633158 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9678726 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9678726 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts in the </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;"> consolidated financial statements have been reclassified to conform to the </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;"> presentation.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Critical Accounting Policies and Estimates</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying disclosures. These estimates are based on management&#8217;s best knowledge of current events and actions the Company may undertake in the future. Estimates are used in accounting for, among other items, the allowance for loan losses, valuation of loans in acquisition transactions, useful lives for depreciation and amortization, fair value of financial instruments, other-than-temporary impairment calculations, valuation of deferred tax assets, uncertain income tax positions and contingencies. Estimates that are particularly susceptible to significant change for the Company include the determination of the allowance for loan losses, the determination and assessment of deferred tax assets and liabilities, and the valuation of loans acquired in acquisition transactions; therefore, these are critical accounting policies. Factors that may cause sensitivity to the aforementioned estimates include but are not limited to: external market factors such as market interest rates and employment rates, changes to operating policies and procedures, changes in applicable banking or tax regulations, and changes to deferred tax estimates. Actual results may ultimately differ from estimates, although management does not generally believe such differences would materially affect the consolidated financial statements in any individual reporting period presented.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">There have been no material changes or developments with respect to the assumptions or methodologies that the Company uses when applying what management believes are critical accounting policies and developing critical accounting estimates as disclosed in the Company&#8217;s Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>

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