2018 Q4 Form 10-K Financial Statement

#000082615419000067 Filed on March 15, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2018 2017 Q4
Revenue $65.67M
YoY Change 27.63%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $806.0K
YoY Change 5.08%
% of Gross Profit
Depreciation & Amortization $1.070M $2.600M $890.0K
YoY Change 20.22% -3.7% 15.58%
% of Gross Profit
Operating Expenses $806.0K
YoY Change 5.08%
Operating Profit
YoY Change
Interest Expense $13.51M
YoY Change 76.74%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.280M $14.45M $3.030M
YoY Change -57.76% 16.23% 37.73%
Income Tax $130.0K $1.640M $390.0K
% Of Pretax Income 10.16% 11.35% 12.87%
Net Earnings $1.150M $12.81M $10.00K
YoY Change 11400.0% 58.28% -99.48%
Net Earnings / Revenue 19.5%
Basic Earnings Per Share $1.53
Diluted Earnings Per Share $123.3K $1.50 $1.211K
COMMON SHARES
Basic Shares Outstanding 9.433M shares 8.360M shares 8.348M shares
Diluted Shares Outstanding 8.537M shares

Balance Sheet

Concept 2018 Q4 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $88.82M $29.81M
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 $38.20M $38.20M $34.81M
YoY Change 9.74% 9.77% -0.18%
Goodwill $12.59M $719.0K
YoY Change 1651.32% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $8.600M $8.600M $6.300M
YoY Change 36.51% 36.51% -61.35%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.934B $1.934B $1.559B
YoY Change 24.09% 24.1% 10.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.80M $22.80M $17.20M
YoY Change 32.56% 32.56% 13.16%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $64.07M $64.10M $93.58M
YoY Change -31.53% -31.52% 6.5%
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $22.80M $22.80M $17.20M
YoY Change 32.56% 32.56% 13.16%
LONG-TERM LIABILITIES
Long-Term Debt $31.90M $31.90M $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $31.90M $31.90M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $22.80M $22.80M $17.20M
Total Long-Term Liabilities $31.90M $31.90M $0.00
Total Liabilities $1.761B $1.761B $1.414B
YoY Change 24.53% 24.53% 10.51%
SHAREHOLDERS EQUITY
Retained Earnings $24.47M $16.04M
YoY Change 52.55% 37.48%
Common Stock $491.0K $435.0K
YoY Change 12.87% -0.46%
Preferred Stock
YoY Change
Treasury Stock (at cost) $236.0K $15.00K
YoY Change 1473.33% -98.53%
Treasury Stock Shares 9.031K shares 817.0 shares
Shareholders Equity $173.4M $173.4M $144.8M
YoY Change
Total Liabilities & Shareholders Equity $1.934B $1.934B $1.559B
YoY Change 24.09% 24.1% 10.2%

Cashflow Statement

Concept 2018 Q4 2018 2017 Q4
OPERATING ACTIVITIES
Net Income $1.150M $12.81M $10.00K
YoY Change 11400.0% 58.28% -99.48%
Depreciation, Depletion And Amortization $1.070M $2.600M $890.0K
YoY Change 20.22% -3.7% 15.58%
Cash From Operating Activities $7.360M $22.49M $7.010M
YoY Change 4.99% 37.54% 33.52%
INVESTING ACTIVITIES
Capital Expenditures -$1.710M $4.791M -$280.0K
YoY Change 510.71% 80.59% -70.83%
Acquisitions
YoY Change
Other Investing Activities $23.74M -$7.000K -$23.10M
YoY Change -202.77% -90.54% -69.18%
Cash From Investing Activities $22.02M -$139.4M -$23.38M
YoY Change -194.18% -4.45% -69.2%
FINANCING ACTIVITIES
Cash Dividend Paid $4.375M
YoY Change 25.43%
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $365.0K
YoY Change -98.21%
Cash From Financing Activities 18.42M $175.9M 23.71M
YoY Change -22.31% 36.29% -62.55%
NET CHANGE
Cash From Operating Activities 7.360M $22.49M 7.010M
Cash From Investing Activities 22.02M -$139.4M -23.38M
Cash From Financing Activities 18.42M $175.9M 23.71M
Net Change In Cash 47.80M $59.01M 7.340M
YoY Change 551.23% -12762.66% -199.73%
FREE CASH FLOW
Cash From Operating Activities $7.360M $22.49M $7.010M
Capital Expenditures -$1.710M $4.791M -$280.0K
Free Cash Flow $9.070M $17.70M $7.290M
YoY Change 24.42% 29.2% 17.39%

Facts In Submission

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190000 USD
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345000 USD
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1006000 USD
CY2017 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
1190000 USD
CY2016 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
1420000 USD
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21854000 USD
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NoninterestIncome
20387000 USD
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19739000 USD
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32524000 USD
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30145000 USD
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26370000 USD
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3084000 USD
CY2017 us-gaap Occupancy Net
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2806000 USD
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2491000 USD
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4079000 USD
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3434000 USD
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3335000 USD
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2674000 USD
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InformationTechnologyAndDataProcessing
2271000 USD
CY2016 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
2378000 USD
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753000 USD
CY2017 us-gaap Communication
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647000 USD
CY2016 us-gaap Communication
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740000 USD
CY2018 us-gaap Communications And Information Technology
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806000 USD
CY2017 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
767000 USD
CY2016 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
748000 USD
CY2018 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1592000 USD
CY2017 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1600000 USD
CY2016 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1717000 USD
CY2018 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
681000 USD
CY2017 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
606000 USD
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FederalDepositInsuranceCorporationPremiumExpense
775000 USD
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LegalFees
413000 USD
CY2017 us-gaap Legal Fees
LegalFees
802000 USD
CY2016 us-gaap Legal Fees
LegalFees
850000 USD
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ProfessionalFees
1434000 USD
CY2017 us-gaap Professional Fees
ProfessionalFees
1571000 USD
CY2016 us-gaap Professional Fees
ProfessionalFees
1332000 USD
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984000 USD
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NoninterestExpenseDirectorsFees
996000 USD
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NoninterestExpenseDirectorsFees
969000 USD
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97000 USD
CY2017 wk Real Estate Owned Expenses
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69000 USD
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239000 USD
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1012000 USD
CY2017 us-gaap Taxes Other
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866000 USD
CY2016 us-gaap Taxes Other
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767000 USD
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286000 USD
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
102000 USD
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
102000 USD
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
99000 USD
CY2016 us-gaap Amortization Of Intangible Assets
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99000 USD
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0 USD
CY2017 us-gaap Gain Loss Related To Litigation Settlement
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0 USD
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-1000000 USD
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3197000 USD
CY2017 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 USD
CY2016 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 USD
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4363000 USD
CY2017 us-gaap Other Noninterest Expense
OtherNoninterestExpense
3648000 USD
CY2016 us-gaap Other Noninterest Expense
OtherNoninterestExpense
4330000 USD
CY2018 us-gaap Noninterest Expense
NoninterestExpense
57979000 USD
CY2017 us-gaap Noninterest Expense
NoninterestExpense
50330000 USD
CY2016 us-gaap Noninterest Expense
NoninterestExpense
48140000 USD
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14445000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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12428000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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7894000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1640000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4338000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1266000 USD
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12805000 USD
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8090000 USD
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6628000 USD
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1.53
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1.00
CY2016 us-gaap Earnings Per Share Basic
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0.82
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1.50
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0.98
CY2016 us-gaap Earnings Per Share Diluted
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0.81
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0.51
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0.42
CY2016 us-gaap Common Stock Dividends Per Share Declared
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0.35
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12805000 USD
CY2017 us-gaap Net Income Loss
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8090000 USD
CY2016 us-gaap Net Income Loss
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6628000 USD
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-6359000 USD
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6557000 USD
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-2190000 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
1006000 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
1190000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
1420000 USD
CY2018 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
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-7365000 USD
CY2017 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
5367000 USD
CY2016 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-3610000 USD
CY2018 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
-1548000 USD
CY2017 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
1586000 USD
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-1246000 USD
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-5817000 USD
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3781000 USD
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-2364000 USD
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6988000 USD
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ComprehensiveIncomeNetOfTax
11871000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax
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4264000 USD
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133061000 USD
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6628000 USD
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-2364000 USD
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2898000 USD
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1063000 USD
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631000 USD
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134859000 USD
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8090000 USD
CY2017Q4 wk Tax Cuts And Jobs Act Of2017 Reclassification From Accumulated Other Comprehensive Income To Retained Earnings Tax Effect
TaxCutsAndJobsActOf2017ReclassificationFromAccumulatedOtherComprehensiveIncomeToRetainedEarningsTaxEffect
0 USD
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3781000 USD
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3488000 USD
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1523000 USD
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144765000 USD
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12805000 USD
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-5817000 USD
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4375000 USD
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25053000 USD
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1002000 USD
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173433000 USD
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12805000 USD
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8090000 USD
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6628000 USD
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-1406000 USD
CY2017 us-gaap Accretion Amortization Of Discounts And Premiums Investments
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-4034000 USD
CY2016 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-5295000 USD
CY2018 us-gaap Depreciation And Amortization
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3642000 USD
CY2017 us-gaap Depreciation And Amortization
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3265000 USD
CY2016 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2951000 USD
CY2018 us-gaap Provision For Loan And Lease Losses
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800000 USD
CY2017 us-gaap Provision For Loan And Lease Losses
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1000000 USD
CY2016 us-gaap Provision For Loan And Lease Losses
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250000 USD
CY2018 us-gaap Share Based Compensation
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1493000 USD
CY2017 us-gaap Share Based Compensation
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1386000 USD
CY2016 us-gaap Share Based Compensation
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958000 USD
CY2018 us-gaap Gain Loss On Sales Of Loans Net
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2144000 USD
CY2017 us-gaap Gain Loss On Sales Of Loans Net
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2447000 USD
CY2016 us-gaap Gain Loss On Sales Of Loans Net
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2998000 USD
CY2018 us-gaap Increase Decrease In Mortgage Loans Held For Sale
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90305000 USD
CY2017 us-gaap Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
104512000 USD
CY2016 us-gaap Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
108632000 USD
CY2018 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
94727000 USD
CY2017 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
103131000 USD
CY2016 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
114139000 USD
CY2018 us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
291000 USD
CY2017 us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
32000 USD
CY2016 us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
0 USD
CY2018 us-gaap Gains Losses On Sales Of Other Real Estate
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108000 USD
CY2017 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
18000 USD
CY2016 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
182000 USD
CY2018 wk Write Down Of Other Real Estate Owned
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24000 USD
CY2017 wk Write Down Of Other Real Estate Owned
WriteDownOfOtherRealEstateOwned
4000 USD
CY2016 wk Write Down Of Other Real Estate Owned
WriteDownOfOtherRealEstateOwned
183000 USD
CY2018 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-12000 USD
CY2017 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
18000 USD
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-147000 USD
CY2018 us-gaap Increase Decrease In Deferred Income Taxes
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-543000 USD
CY2017 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-3078000 USD
CY2016 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
232000 USD
CY2018 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
1006000 USD
CY2017 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
1190000 USD
CY2016 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
1420000 USD
CY2018 us-gaap Bank Owned Life Insurance Income
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1463000 USD
CY2017 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
1109000 USD
CY2016 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
1099000 USD
CY2018 us-gaap Increase Decrease In Accrued Interest Receivable Net
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879000 USD
CY2017 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
376000 USD
CY2016 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
827000 USD
CY2018 wk Increase Decrease In Accrued Interest Payable And Other Liabilities
IncreaseDecreaseInAccruedInterestPayableAndOtherLiabilities
2696000 USD
CY2017 wk Increase Decrease In Accrued Interest Payable And Other Liabilities
IncreaseDecreaseInAccruedInterestPayableAndOtherLiabilities
2012000 USD
CY2016 wk Increase Decrease In Accrued Interest Payable And Other Liabilities
IncreaseDecreaseInAccruedInterestPayableAndOtherLiabilities
561000 USD
CY2018 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-535000 USD
CY2017 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-52000 USD
CY2016 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
135000 USD
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22487000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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16350000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
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15587000 USD
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156364000 USD
CY2017 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
162320000 USD
CY2016 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
64742000 USD
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ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
18373000 USD
CY2017 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
28768000 USD
CY2016 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
30192000 USD
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PaymentsToAcquireAvailableForSaleSecuritiesDebt
226014000 USD
CY2017 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
203719000 USD
CY2016 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
108448000 USD
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12407000 USD
CY2017 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
0 USD
CY2016 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
0 USD
CY2018 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
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592000 USD
CY2017 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
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2027000 USD
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PaymentsForProceedsFromFederalHomeLoanBankStock
-750000 USD
CY2018 us-gaap Payments For Proceeds From Loans And Leases
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99828000 USD
CY2017 us-gaap Payments For Proceeds From Loans And Leases
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130791000 USD
CY2016 us-gaap Payments For Proceeds From Loans And Leases
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108509000 USD
CY2018 us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
3589000 USD
CY2017 us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
2195000 USD
CY2016 us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
5100000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
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4791000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2653000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13369000 USD
CY2018 us-gaap Proceeds From Sale Of Other Real Estate
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1413000 USD
CY2017 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
541000 USD
CY2016 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
1090000 USD
CY2018 us-gaap Payments To Acquire Life Insurance Policies
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900000 USD
CY2017 us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
600000 USD
CY2016 us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
0 USD
CY2018 us-gaap Proceeds From Life Insurance Policies
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576000 USD
CY2017 us-gaap Proceeds From Life Insurance Policies
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0 USD
CY2016 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
0 USD
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-7000 USD
CY2017 us-gaap Payments For Proceeds From Other Investing Activities
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-74000 USD
CY2016 us-gaap Payments For Proceeds From Other Investing Activities
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439000 USD
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-139396000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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-145892000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
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-128891000 USD
CY2018 us-gaap Increase Decrease In Deposits
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178798000 USD
CY2017 us-gaap Increase Decrease In Deposits
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67063000 USD
CY2016 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
120285000 USD
CY2018 us-gaap Proceeds From Repayments Of Short Term Debt
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-14507000 USD
CY2017 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-34288000 USD
CY2016 us-gaap Proceeds From Repayments Of Short Term Debt
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18708000 USD
CY2018 us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
25000000 USD
CY2017 us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
70000000 USD
CY2016 us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
0 USD
CY2018 us-gaap Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
40000000 USD
CY2017 us-gaap Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
30000000 USD
CY2016 us-gaap Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
20000000 USD
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
80000000 USD
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2018 us-gaap Repayments Of Long Term Debt
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365000 USD
CY2017 us-gaap Repayments Of Long Term Debt
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20348000 USD
CY2016 us-gaap Repayments Of Long Term Debt
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332000 USD
CY2018 us-gaap Proceeds From Debt Net Of Issuance Costs
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31857000 USD
CY2017 us-gaap Proceeds From Debt Net Of Issuance Costs
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0 USD
CY2016 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
0 USD
CY2018 us-gaap Payments Of Dividends
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4375000 USD
CY2017 us-gaap Payments Of Dividends
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3488000 USD
CY2016Q4 us-gaap Cash Cash Equivalents And Federal Funds Sold
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30273000 USD
CY2016 us-gaap Payments Of Dividends
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2898000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
631000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
651000 USD
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2018 us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
160000 USD
CY2017 us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
137000 USD
CY2016 us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
105000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
175917000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
129076000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
115237000 USD
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
59008000 USD
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-466000 USD
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1933000 USD
CY2017Q4 us-gaap Cash Cash Equivalents And Federal Funds Sold
CashCashEquivalentsAndFederalFundsSold
29807000 USD
CY2015Q4 us-gaap Cash Cash Equivalents And Federal Funds Sold
CashCashEquivalentsAndFederalFundsSold
28340000 USD
CY2018Q4 us-gaap Cash Cash Equivalents And Federal Funds Sold
CashCashEquivalentsAndFederalFundsSold
88815000 USD
CY2017Q4 us-gaap Cash Cash Equivalents And Federal Funds Sold
CashCashEquivalentsAndFederalFundsSold
29807000 USD
CY2016Q4 us-gaap Cash Cash Equivalents And Federal Funds Sold
CashCashEquivalentsAndFederalFundsSold
30273000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
12930000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
12930000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
7586000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
5346000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
60000 USD
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
1638000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
1300000 USD
CY2018 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
539000 USD
CY2017 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
1007000 USD
CY2016 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
688000 USD
CY2018 wk Transfer Of Premises And Equipment To Held For Sale
TransferOfPremisesAndEquipmentToHeldForSale
1003000 USD
CY2017 wk Transfer Of Premises And Equipment To Held For Sale
TransferOfPremisesAndEquipmentToHeldForSale
0 USD
CY2017Q4 wk Balance Of Loans Serviced For Others
BalanceOfLoansServicedForOthers
334802000 USD
CY2016 wk Transfer Of Premises And Equipment To Held For Sale
TransferOfPremisesAndEquipmentToHeldForSale
0 USD
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="text-indent:22.5pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;line-height:120%;">Concentration of Credit Risk</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;"> – The Company grants commercial, residential, construction, municipal, and various forms of consumer lending to customers primarily in its market area of Berks, Cumberland, Dauphin, Franklin, Lancaster, Perry and York Counties, Pennsylvania, and in Washington County, Maryland. Therefore the Company's exposure to credit risk is significantly affected by changes in the economy in those areas. Although the Company maintains a diversified loan portfolio, a significant portion of its customers’ ability to honor their contracts is dependent upon economic sectors for commercial real estate, including office space, retail strip centers, sales finance, sub-dividers and developers, and multi-family, hospitality, and residential building operators. Management evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if collateral is deemed necessary by the Company upon the extension of credit, is based on management’s credit evaluation of the customer. Collateral held varies, but generally includes real estate and equipment.</span></div><div style="text-indent:22.5pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">The types of securities the Company invests in are included in Note 3, Securities Available for Sale, and the types of lending the Company engages in are included in Note 4, Loans and Allowance for Loan Losses.</span></div>
CY2018Q4 wk Average Balances To Be Maintained On Hand Or With Correspondent Banks
AverageBalancesToBeMaintainedOnHandOrWithCorrespondentBanks
10983000 USD
CY2017Q4 wk Average Balances To Be Maintained On Hand Or With Correspondent Banks
AverageBalancesToBeMaintainedOnHandOrWithCorrespondentBanks
1395000 USD
CY2017 wk Maturity Of Interest Bearing Deposits
MaturityOfInterestBearingDeposits
P90D
CY2017 wk Maturity Of Interest Bearing Deposits
MaturityOfInterestBearingDeposits
P90D
CY2017 wk Evaluation Period To Return Past Due Loans To Accrual Status
EvaluationPeriodToReturnPastDueLoansToAccrualStatus
P6M
CY2017 wk Evaluation Period To Return Past Due Loans To Accrual Status
EvaluationPeriodToReturnPastDueLoansToAccrualStatus
P6M
CY2018Q4 wk Balance Of Loans Serviced For Others
BalanceOfLoansServicedForOthers
360322000 USD
CY2018Q4 wk Mortgage Servicing Rights Fair Value Disclosure
MortgageServicingRightsFairValueDisclosure
3180000 USD
CY2017Q4 wk Mortgage Servicing Rights Fair Value Disclosure
MortgageServicingRightsFairValueDisclosure
2897000 USD
CY2018Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
1133000 USD
CY2017Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
961000 USD
CY2016Q4 wk Percentage Of Limited Partner Interest
PercentageOfLimitedPartnerInterest
0.99
CY2015 wk Investments In Affordable Housing Projects Proportional Amortization Method
InvestmentsInAffordableHousingProjectsProportionalAmortizationMethod
1 investment
CY2018Q4 wk Investment In Real Estate Partnership
InvestmentInRealEstatePartnership
3872000 USD
CY2017Q4 wk Investment In Real Estate Partnership
InvestmentInRealEstatePartnership
4416000 USD
CY2018Q4 us-gaap Amortization Method Qualified Affordable Housing Project Investments
AmortizationMethodQualifiedAffordableHousingProjectInvestments
1562000 USD
CY2017Q4 us-gaap Amortization Method Qualified Affordable Housing Project Investments
AmortizationMethodQualifiedAffordableHousingProjectInvestments
1776000 USD
CY2018 us-gaap Real Estate Partnership Investment Subsidiaries Net Income Loss Before Tax
RealEstatePartnershipInvestmentSubsidiariesNetIncomeLossBeforeTax
-331000 USD
CY2017 us-gaap Real Estate Partnership Investment Subsidiaries Net Income Loss Before Tax
RealEstatePartnershipInvestmentSubsidiariesNetIncomeLossBeforeTax
-277000 USD
CY2016 us-gaap Real Estate Partnership Investment Subsidiaries Net Income Loss Before Tax
RealEstatePartnershipInvestmentSubsidiariesNetIncomeLossBeforeTax
-350000 USD
CY2018 wk Income Loss From Affordable Housing Projects Proportional Amortization Method
IncomeLossFromAffordableHousingProjectsProportionalAmortizationMethod
-214000 USD
CY2017 wk Income Loss From Affordable Housing Projects Proportional Amortization Method
IncomeLossFromAffordableHousingProjectsProportionalAmortizationMethod
-217000 USD
CY2016 wk Income Loss From Affordable Housing Projects Proportional Amortization Method
IncomeLossFromAffordableHousingProjectsProportionalAmortizationMethod
-191000 USD
CY2018 us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
578000 USD
CY2017 us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
1010000 USD
CY2016 us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
736000 USD
CY2018 us-gaap Advertising Expense
AdvertisingExpense
418000 USD
CY2017 us-gaap Advertising Expense
AdvertisingExpense
631000 USD
CY2016 us-gaap Advertising Expense
AdvertisingExpense
763000 USD
CY2017 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2018Q4 wk Business Combinations Assets Acquired Loans And Lease Receivables Performing Loans
BusinessCombinationsAssetsAcquiredLoansAndLeaseReceivablesPerformingLoans
128632000 USD
CY2018Q4 wk Business Combinations Assets Acquired Loans And Lease Receivables Purchased Credit Impaired
BusinessCombinationsAssetsAcquiredLoansAndLeaseReceivablesPurchasedCreditImpaired
12471000 USD
CY2018Q4 wk Business Combinations Assets Acquired Loans And Lease Receivables Amount
BusinessCombinationsAssetsAcquiredLoansAndLeaseReceivablesAmount
141103000 USD
CY2018 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
15717000 USD
CY2017 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
8929000 USD
CY2018 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
92996000 USD
CY2017 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
79659000 USD
CY2018 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
3197000 USD
CY2018 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
3197000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
469607000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
2432000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
6195000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
465844000 USD
CY2017Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
411706000 USD
CY2017Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
7496000 USD
CY2017Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
3894000 USD
CY2017Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
415308000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
46 security
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
200164000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
2356000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
18 security
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
86361000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
3839000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
64 security
CY2018Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
286525000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
6195000 USD
CY2017Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
19 security
CY2017Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
117391000 USD
CY2017Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1968000 USD
CY2017Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
6 security
CY2017Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
43044000 USD
CY2017Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
1926000 USD
CY2017Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
25 security
CY2017Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
160435000 USD
CY2017Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
3894000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
799000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
800000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
2531000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
2542000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
37168000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
37229000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
104098000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
104433000 USD
CY2018Q4 wk Available For Sale Securities Collateralized Mortgage Obligations Amortized Cost
AvailableForSaleSecuritiesCollateralizedMortgageObligationsAmortizedCost
186476000 USD
CY2018Q4 wk Available For Sale Securities Collateralized Mortgage Obligations Fair Value
AvailableForSaleSecuritiesCollateralizedMortgageObligationsFairValue
183252000 USD
CY2018Q4 wk Available For Sale Securities Assetbacked Debt Securities Amortized Cost
AvailableForSaleSecuritiesAssetbackedDebtSecuritiesAmortizedCost
138535000 USD
CY2018Q4 wk Available For Sale Securities Assetbacked Debt Securities Fair Value
AvailableForSaleSecuritiesAssetbackedDebtSecuritiesFairValue
137588000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
469607000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
465844000 USD
CY2017Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
881000 USD
CY2018 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
156364000 USD
CY2017 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
162320000 USD
CY2016 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
64742000 USD
CY2018 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
1681000 USD
CY2017 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
1477000 USD
CY2016 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
1468000 USD
CY2018 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
675000 USD
CY2017 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
287000 USD
CY2016 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
48000 USD
CY2018 wk Percentage Of Loan To Value Ratio Upon Loan Origination
PercentageOfLoanToValueRatioUponLoanOrigination
0.80
CY2018 wk Percentage Of Loan To Value Ratio Of Value Of Real Estate Taken As Collateral
PercentageOfLoanToValueRatioOfValueOfRealEstateTakenAsCollateral
0.90
CY2018Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1247657000 USD
CY2018 wk Appraisals Required Period Interval
AppraisalsRequiredPeriodInterval
P18M
CY2018Q4 wk Minimum Amount On Which Annual Updated Appraisals For Criticized Loans Is Required
MinimumAmountOnWhichAnnualUpdatedAppraisalsForCriticizedLoansIsRequired
250000 USD
CY2018 wk Appraisals Required Period Interval
AppraisalsRequiredPeriodInterval
P18M
CY2017Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1010012000 USD
CY2018Q4 wk Business Combination Assets Acquired Loans And Leases Receivable Net Of Deferred Income
BusinessCombinationAssetsAcquiredLoansAndLeasesReceivableNetOfDeferredIncome
135009000 USD
CY2018Q4 wk Amount Of Loan On Which Review Have Been Made Annually
AmountOfLoanOnWhichReviewHaveBeenMadeAnnually
500000 USD
CY2018Q4 wk Amount Of Loan On Which Reviews Require Approval
AmountOfLoanOnWhichReviewsRequireApproval
250000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1010012000 USD
CY2018 wk Number Of Days Of Past Due Assigned As Substandard Rating
NumberOfDaysOfPastDueAssignedAsSubstandardRating
P90D
CY2018 wk Number Of Notes Split
NumberOfNotesSplit
2 note
CY2018 wk Percentage Of Strong Loan To Value
PercentageOfStrongLoanToValue
0.70
CY2018Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
743000 USD
CY2018Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
743000 USD
CY2018Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
38000 USD
CY2018Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
5554000 USD
CY2018Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
7832000 USD
CY2017Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
998986000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1010012000 USD
CY2017Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
881000 USD
CY2017Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
51000 USD
CY2017Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
10145000 USD
CY2017Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
13737000 USD
CY2018 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
8249000 USD
CY2018 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
63000 USD
CY2017 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
7130000 USD
CY2017 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
66000 USD
CY2016 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
15118000 USD
CY2016 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
33000 USD
CY2018Q4 wk Financing Receivable Modified Balance End Of Period Number Of Contract
FinancingReceivableModifiedBalanceEndOfPeriodNumberOfContract
22 contract
CY2018Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
1827000 USD
CY2017Q4 wk Financing Receivable Modified Balance End Of Period Number Of Contract
FinancingReceivableModifiedBalanceEndOfPeriodNumberOfContract
23 contract
CY2017Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
1958000 USD
CY2018Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
1592000 USD
CY2017Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
994892000 USD
CY2017Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0 USD
CY2017Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
5277000 USD
CY2017Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
9843000 USD
CY2016 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
4 contract
CY2016 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
6394000 USD
CY2016 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
6394000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1010012000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
12796000 USD
CY2018 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
800000 USD
CY2018 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
464000 USD
CY2018 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
882000 USD
CY2018Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
14014000 USD
CY2016Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
12775000 USD
CY2017Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
11026000 USD
CY2017Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
51000 USD
CY2017Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
12745000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
12796000 USD
CY2017 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1000000 USD
CY2017 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
1266000 USD
CY2017 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
287000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
12796000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
13568000 USD
CY2016 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
250000 USD
CY2016 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
1722000 USD
CY2016 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
679000 USD
CY2016Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
12775000 USD
CY2018Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
6297000 USD
CY2018Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1241360000 USD
CY2018Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1247657000 USD
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
38000 USD
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
13976000 USD
CY2018Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
14014000 USD
CY2017Q4 us-gaap Certain Loans Acquired In Transfer Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAccretableYield
0 USD
CY2018 us-gaap Certain Loans Acquired In Transfer Accounted For As Debt Securities Accretable Yield Additions
CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAccretableYieldAdditions
2243000 USD
CY2018 us-gaap Certain Loans Acquired In Transfer Accounted For As Debt Securities Accretable Yield Accretion
CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAccretableYieldAccretion
178000 USD
CY2018Q4 us-gaap Certain Loans Acquired In Transfer Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAccretableYield
2065000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
68682000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
63412000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
30481000 USD
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
28603000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
38201000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
34809000 USD
CY2018 us-gaap Depreciation
Depreciation
2609000 USD
CY2017 us-gaap Depreciation
Depreciation
2650000 USD
CY2016 us-gaap Depreciation
Depreciation
2311000 USD
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
781000 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
639000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
601000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
782000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
757000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
578000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
470000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
425000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
4948000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
7960000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
719000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
719000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
0 USD
CY2018 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
11873000 USD
CY2017 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2016 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
719000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
12592000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
719000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
719000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
356000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
458000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
207000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
286000 USD
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
102000 USD
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
99000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3910000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
356000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
458000 USD
CY2018Q4 us-gaap Finite Lived Core Deposits Gross
FiniteLivedCoreDepositsGross
3840000 USD
CY2018Q4 us-gaap Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
931000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4771000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
861000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
429000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1097000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
937000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
581000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
788000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
687000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
598000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
513000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
895000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3910000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1260000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1498000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
543000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
443000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-232000 USD
CY2018 wk Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provisional Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingProvisionalIncomeTaxExpenseBenefit
0 USD
CY2017 wk Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provisional Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingProvisionalIncomeTaxExpenseBenefit
2635000 USD
CY2016 wk Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provisional Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingProvisionalIncomeTaxExpenseBenefit
0 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1640000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4338000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1266000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.077
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.130
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.160
CY2018 wk Effective Income Tax Rate Reconciliation Earnings From Life Insurance Percent
EffectiveIncomeTaxRateReconciliationEarningsFromLifeInsurancePercent
0.017
CY2017 wk Effective Income Tax Rate Reconciliation Earnings From Life Insurance Percent
EffectiveIncomeTaxRateReconciliationEarningsFromLifeInsurancePercent
0.024
CY2016 wk Effective Income Tax Rate Reconciliation Earnings From Life Insurance Percent
EffectiveIncomeTaxRateReconciliationEarningsFromLifeInsurancePercent
0.047
CY2018 wk Effective Income Tax Rate Reconciliation Disallowed Interest
EffectiveIncomeTaxRateReconciliationDisallowedInterest
0.008
CY2017 wk Effective Income Tax Rate Reconciliation Disallowed Interest
EffectiveIncomeTaxRateReconciliationDisallowedInterest
0.010
CY2016 wk Effective Income Tax Rate Reconciliation Disallowed Interest
EffectiveIncomeTaxRateReconciliationDisallowedInterest
0.010
CY2018 wk Effective Income Tax Rate Reconciliation Low Income Housing Credits
EffectiveIncomeTaxRateReconciliationLowIncomeHousingCredits
0.025
CY2017 wk Effective Income Tax Rate Reconciliation Low Income Housing Credits
EffectiveIncomeTaxRateReconciliationLowIncomeHousingCredits
0.046
CY2016 wk Effective Income Tax Rate Reconciliation Low Income Housing Credits
EffectiveIncomeTaxRateReconciliationLowIncomeHousingCredits
0.072
CY2018 wk Effective Income Tax Rate Reconciliation Acquisition Related Percent
EffectiveIncomeTaxRateReconciliationAcquisitionRelatedPercent
0.006
CY2017 wk Effective Income Tax Rate Reconciliation Acquisition Related Percent
EffectiveIncomeTaxRateReconciliationAcquisitionRelatedPercent
0.000
CY2016 wk Effective Income Tax Rate Reconciliation Acquisition Related Percent
EffectiveIncomeTaxRateReconciliationAcquisitionRelatedPercent
0.000
CY2018 wk Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Percent
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017Percent
0.000
CY2017 wk Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Percent
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017Percent
0.212
CY2016 wk Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Percent
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017Percent
0.000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
0.000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
0.000
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
0.043
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.023
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.009
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.013
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.023
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.114
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.349
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.160
CY2018 wk Provision For Income Taxes Related To Net Security Gains
ProvisionForIncomeTaxesRelatedToNetSecurityGains
211000 USD
CY2017 wk Provision For Income Taxes Related To Net Security Gains
ProvisionForIncomeTaxesRelatedToNetSecurityGains
405000 USD
CY2016 wk Provision For Income Taxes Related To Net Security Gains
ProvisionForIncomeTaxesRelatedToNetSecurityGains
483000 USD
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2016 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
185000 USD
CY2017 wk Tax Cuts And Jobs Act Of2017 Incomplete Accounting Change In Tax Rate Deferred Tax Asset Provisional Deferred Income Tax Expense
TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateDeferredTaxAssetProvisionalDeferredIncomeTaxExpense
2635000 USD
CY2017Q4 wk Deferred Tax Assets Alternative Minimum Tax Credit Carryforwards Reclassed To Other Assets
DeferredTaxAssetsAlternativeMinimumTaxCreditCarryforwardsReclassedToOtherAssets
5343000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
3143000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
2919000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
723000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
355000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
1416000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
1301000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
742000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
597000 USD
CY2018Q4 wk Deferred Tax Assets Off Balance Sheet Reserves
DeferredTaxAssetsOffBalanceSheetReserves
219000 USD
CY2017Q4 wk Deferred Tax Assets Off Balance Sheet Reserves
DeferredTaxAssetsOffBalanceSheetReserves
207000 USD
CY2018Q4 wk Deferred Tax Assets Nonaccrual Loan Interest
DeferredTaxAssetsNonaccrualLoanInterest
537000 USD
CY2017Q4 wk Deferred Tax Assets Nonaccrual Loan Interest
DeferredTaxAssetsNonaccrualLoanInterest
258000 USD
CY2018Q4 us-gaap Deferred Tax Assets Unrealized Losses On Availablefor Sale Securities Gross
DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross
791000 USD
CY2017Q4 us-gaap Deferred Tax Assets Unrealized Losses On Availablefor Sale Securities Gross
DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross
0 USD
CY2018Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
1795000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
0 USD
CY2017Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
39000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBonuses
470000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBonuses
25000 USD
CY2018Q4 wk Deferred Tax Assets Low Income Housing Credit Carry Forward
DeferredTaxAssetsLowIncomeHousingCreditCarryForward
641000 USD
CY2017Q4 wk Deferred Tax Assets Low Income Housing Credit Carry Forward
DeferredTaxAssetsLowIncomeHousingCreditCarryForward
2313000 USD
CY2018Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
321000 USD
CY2017Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
390000 USD
CY2018Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
10798000 USD
CY2017Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
8404000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
458000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
488000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
757000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Mortgage Servicing Rights
DeferredTaxLiabilitiesMortgageServicingRights
590000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Mortgage Servicing Rights
DeferredTaxLiabilitiesMortgageServicingRights
536000 USD
CY2018Q4 wk Deferred Tax Liabilities Purchase Accounting Adjustments
DeferredTaxLiabilitiesPurchaseAccountingAdjustments
1021000 USD
CY2017Q4 wk Deferred Tax Liabilities Purchase Accounting Adjustments
DeferredTaxLiabilitiesPurchaseAccountingAdjustments
251000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
150000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
122000 USD
CY2018Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
2219000 USD
CY2017Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
2154000 USD
CY2018Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
8579000 USD
CY2017Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
6250000 USD
CY2018 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
479000 USD
CY2017 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
432000 USD
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
334000 USD
CY2018Q4 us-gaap Noninterest Bearing Deposit Liabilities Domestic
NoninterestBearingDepositLiabilitiesDomestic
204843000 USD
CY2017Q4 us-gaap Noninterest Bearing Deposit Liabilities Domestic
NoninterestBearingDepositLiabilitiesDomestic
162343000 USD
CY2018Q4 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
856520000 USD
CY2017Q4 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
687936000 USD
CY2018Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
113515000 USD
CY2017Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
95148000 USD
CY2018Q4 us-gaap Time Deposits Less Than100000
TimeDepositsLessThan100000
343551000 USD
CY2017Q4 us-gaap Time Deposits Less Than100000
TimeDepositsLessThan100000
252200000 USD
CY2018Q4 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
40327000 USD
CY2018Q4 us-gaap Deposits
Deposits
1558756000 USD
CY2017Q4 us-gaap Deposits
Deposits
1219515000 USD
CY2018Q4 wk Time Deposit Brokered
TimeDepositBrokered
126556000 USD
CY2017Q4 wk Time Deposit Brokered
TimeDepositBrokered
96368000 USD
CY2018Q4 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
259909000 USD
CY2018Q4 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
97008000 USD
CY2018Q4 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
14486000 USD
CY2018Q4 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
8603000 USD
CY2018Q4 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
2941000 USD
CY2018Q4 us-gaap Time Deposit Maturities After Year Five
TimeDepositMaturitiesAfterYearFive
931000 USD
CY2018Q4 us-gaap Time Deposits
TimeDeposits
383878000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
673000 USD
CY2018 us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
1080000 USD
CY2018 us-gaap Loans And Leases Receivable Related Parties Proceeds
LoansAndLeasesReceivableRelatedPartiesProceeds
728000 USD
CY2018Q4 wk Loans And Leases Receivable Related Parties Directors And Officers
LoansAndLeasesReceivableRelatedPartiesDirectorsAndOfficers
16000 USD
CY2018Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
1041000 USD
CY2018Q4 wk Employees Deposits
EmployeesDeposits
3536000 USD
CY2017Q4 wk Employees Deposits
EmployeesDeposits
3723000 USD
CY2018Q4 wk Short Term Borrowings Other Than Repurchase Agreements
ShortTermBorrowingsOtherThanRepurchaseAgreements
55000000 USD
CY2017Q4 wk Short Term Borrowings Other Than Repurchase Agreements
ShortTermBorrowingsOtherThanRepurchaseAgreements
50000000 USD
CY2016Q4 wk Short Term Borrowings Other Than Repurchase Agreements
ShortTermBorrowingsOtherThanRepurchaseAgreements
52000000 USD
CY2018Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0276
CY2017Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0121
CY2016Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0076
CY2018 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
71457000 USD
CY2017 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
54610000 USD
CY2016 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
17841000 USD
CY2018 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0209
CY2017 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0108
CY2016 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0061
CY2018 us-gaap Shortterm Debt Maximum Monthend Outstanding Amount
ShorttermDebtMaximumMonthendOutstandingAmount
103000000 USD
CY2017 us-gaap Shortterm Debt Maximum Monthend Outstanding Amount
ShorttermDebtMaximumMonthendOutstandingAmount
72000000 USD
CY2016 us-gaap Shortterm Debt Maximum Monthend Outstanding Amount
ShorttermDebtMaximumMonthendOutstandingAmount
52000000 USD
CY2018Q4 us-gaap Assets Sold Under Agreements To Repurchase Carrying Amounts
AssetsSoldUnderAgreementsToRepurchaseCarryingAmounts
9069000 USD
CY2017Q4 us-gaap Assets Sold Under Agreements To Repurchase Carrying Amounts
AssetsSoldUnderAgreementsToRepurchaseCarryingAmounts
43576000 USD
CY2016Q4 us-gaap Assets Sold Under Agreements To Repurchase Carrying Amounts
AssetsSoldUnderAgreementsToRepurchaseCarryingAmounts
35864000 USD
CY2018Q4 wk Assets Sold Under Agreements To Repurchase Weighted Average Interest
AssetsSoldUnderAgreementsToRepurchaseWeightedAverageInterest
0.0122
CY2017Q4 wk Assets Sold Under Agreements To Repurchase Maximum Month End Outstanding Amount
AssetsSoldUnderAgreementsToRepurchaseMaximumMonthEndOutstandingAmount
55270000 USD
CY2018Q4 wk Letters Of Credit Outstanding Non Deposit Amount
LettersOfCreditOutstandingNonDepositAmount
1550000 USD
CY2016Q4 wk Assets Sold Under Agreements To Repurchase Maximum Month End Outstanding Amount
AssetsSoldUnderAgreementsToRepurchaseMaximumMonthEndOutstandingAmount
52693000 USD
CY2018Q4 wk Securities Held Under Agreements To Repurchase Fair Value
SecuritiesHeldUnderAgreementsToRepurchaseFairValue
17942000 USD
CY2017Q4 wk Assets Sold Under Agreements To Repurchase Weighted Average Interest
AssetsSoldUnderAgreementsToRepurchaseWeightedAverageInterest
0.0056
CY2016Q4 wk Assets Sold Under Agreements To Repurchase Weighted Average Interest
AssetsSoldUnderAgreementsToRepurchaseWeightedAverageInterest
0.0020
CY2018 wk Assets Sold Under Agreements To Repurchase Average Outstanding Amount
AssetsSoldUnderAgreementsToRepurchaseAverageOutstandingAmount
9715000 USD
CY2017 wk Assets Sold Under Agreements To Repurchase Average Outstanding Amount
AssetsSoldUnderAgreementsToRepurchaseAverageOutstandingAmount
43205000 USD
CY2016 wk Assets Sold Under Agreements To Repurchase Average Outstanding Amount
AssetsSoldUnderAgreementsToRepurchaseAverageOutstandingAmount
38546000 USD
CY2018 wk Assets Sold Under Agreements To Repurchase Average Interest Rate During Period
AssetsSoldUnderAgreementsToRepurchaseAverageInterestRateDuringPeriod
0.0082
CY2017 wk Assets Sold Under Agreements To Repurchase Average Interest Rate During Period
AssetsSoldUnderAgreementsToRepurchaseAverageInterestRateDuringPeriod
0.0045
CY2016 wk Assets Sold Under Agreements To Repurchase Average Interest Rate During Period
AssetsSoldUnderAgreementsToRepurchaseAverageInterestRateDuringPeriod
0.0020
CY2018Q4 wk Assets Sold Under Agreements To Repurchase Maximum Month End Outstanding Amount
AssetsSoldUnderAgreementsToRepurchaseMaximumMonthEndOutstandingAmount
14591000 USD
CY2017Q4 wk Securities Held Under Agreements To Repurchase Fair Value
SecuritiesHeldUnderAgreementsToRepurchaseFairValue
53485000 USD
CY2016Q4 wk Securities Held Under Agreements To Repurchase Fair Value
SecuritiesHeldUnderAgreementsToRepurchaseFairValue
56201000 USD
CY2018Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
83450000 USD
CY2018Q4 us-gaap Letters Of Credit Outstanding Amount
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CONTINGENCIES<div style="text-indent:22.5pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">The nature of the Company’s business generates a certain amount of litigation involving matters arising out of the ordinary course of business. Except as described below, in the opinion of management, there are no legal proceedings that might have a material effect on the results of operations, liquidity, or the financial position of the Company at this time.</span></div><div style="text-indent:22.5pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">On May 25, 2012, SEPTA filed a putative class action complaint in the U.S. District Court for the Middle District of Pennsylvania against the Company, the Bank and certain current and former directors and executive officers (collectively, the “Defendants”). The complaint alleges, among other things, that (i) in connection with the Company’s Registration Statement on Form S-3 dated February 23, 2010 and its Prospectus Supplement dated March 23, 2010, and (ii) during the purported class period of March 24, 2010 through October 27, 2011, the Company issued materially false and misleading statements regarding the Company’s lending practices and financial results, including misleading statements concerning the stringent nature of the Bank’s credit practices and underwriting standards, the quality of its loan portfolio, and the intended use of the proceeds from the Company’s March 2010 public offering of common stock. The complaint asserts claims under Sections 11, 12(a) and 15 of the Securities Act of 1933, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, and seeks class certification, unspecified money damages, interest, costs, fees and equitable or injunctive relief. Under the Private Securities Litigation Reform Act of 1995 (“PSLRA”), motions for appointment of Lead Plaintiff in this case were due by July 24, 2012. SEPTA was the sole movant and the Court appointed SEPTA Lead Plaintiff on August 20, 2012.</span></div><div style="text-indent:22.5pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">Pursuant to the PSLRA and the Court’s September 27, 2012 Order, SEPTA was given until October 26, 2012 to file an amended complaint and the Defendants until December 7, 2012 to file a motion to dismiss the amended complaint. SEPTA’s opposition to the Defendant’s motion to dismiss was originally due January 11, 2013. Under the PSLRA, discovery and all other proceedings in the case were stayed pending the Court’s ruling on the motion to dismiss. The September 27, 2012 Order</span></div><div style="margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;"> specified that if the motion to dismiss were denied, the Court would schedule a conference to address discovery and the filing of a motion for class certification. On October 26, 2012, SEPTA filed an unopposed motion for enlargement of time to file its amended complaint in order to permit the parties and new defendants to be named in the amended complaint time to discuss plaintiff’s claims and defendants’ defenses. On October 26, 2012, the Court granted SEPTA’s motion, mooting its September 27, 2012 scheduling Order, and requiring SEPTA to file its amended complaint on or before January 16, 2013 or otherwise advise the Court of circumstances that require a further enlargement of time. On January 14, 2013, the Court granted SEPTA’s second unopposed motion for enlargement of time to file an amended complaint on or before March 22, 2013.</span></div><div style="text-indent:22.5pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">On March 4, 2013, SEPTA filed an amended complaint. The amended complaint expands the list of defendants in the action to include the Company’s independent registered public accounting firm and the underwriters of the Company’s March 2010 public offering of common stock. In addition, among other things, the amended complaint extends the purported 1934 Exchange Act class period from March 15, 2010 through April 5, 2012. Pursuant to the Court’s March 28, 2013 Second Scheduling Order, on May 28, 2013, all defendants filed their motions to dismiss the amended complaint, and on July 22, 2013, SEPTA filed its “omnibus” opposition to all of the defendants’ motions to dismiss. On August 23, 2013, all defendants filed reply briefs in further support of their motions to dismiss. On December 5, 2013, the Court ordered oral argument on the Orrstown Defendants’ motion to dismiss the amended complaint to be heard on February 7, 2014. Oral argument on the pending motions to dismiss SEPTA’s amended complaint was held on April 29, 2014.</span></div><div style="text-indent:22.5pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">The Second Scheduling Order stayed all discovery in the case pending the outcome of the motions to dismiss, and informed the parties that, if required, a telephonic conference to address discovery and the filing of SEPTA’s motion for class certification would be scheduled after the Court’s ruling on the motions to dismiss.</span></div><div style="text-indent:22.5pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">On April 10, 2015, pursuant to Court order, all parties filed supplemental briefs addressing the impact of the U.S. Supreme Court’s March 24, 2015 decision in Omnicare, Inc. v. Laborers District Council Construction Industry Pension Fund on defendants’ motions to dismiss the amended complaint.</span></div><div style="text-indent:22.5pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">On June 22, 2015, in a 96-page Memorandum, the Court dismissed without prejudice SEPTA’s amended complaint against all defendants, finding that SEPTA failed to state a claim under either the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended. The Court ordered that, within 30 days, SEPTA either seek leave to amend its amended complaint, accompanied by the proposed amendment, or file a notice of its intention to stand on the amended complaint.</span></div><div style="text-indent:22.5pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">On July 22, 2015, SEPTA filed a motion for leave to amend under Local Rule 15.1, and attached a copy of its proposed second amended complaint to its motion. Many of the allegations of the proposed second amended complaint are essentially the same or similar to the allegations of the dismissed amended complaint. The proposed second amended complaint also alleges that the Orrstown Defendants did not publicly disclose certain alleged failures of internal controls over loan underwriting, risk management, and financial reporting during the period 2009 to 2012, in violation of the federal securities laws. On February 8, 2016, the Court granted SEPTA’s motion for leave to amend and SEPTA filed its second amended complaint that same day.</span></div><div style="text-indent:22.5pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;"> On February 25, 2016, the Court issued a scheduling Order directing: all defendants to file any motions to dismiss by March 18, 2016; SEPTA to file an omnibus opposition to defendants’ motions to dismiss by April 8, 2016; and all defendants to file reply briefs in support of their motions to dismiss by April 22, 2016. Defendants timely filed their motions to dismiss the second amended complaint and the parties filed their briefs in accordance with the Court-ordered schedule, above. The February 25, 2016 Order stays all discovery and other deadlines in the case (including the filing of SEPTA’s motion for class certification) pending the outcome of the motions to dismiss.</span></div><div style="text-indent:22.5pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">The allegations of SEPTA’s second amended complaint disclosed the existence of a confidential, non-public, fact-finding inquiry regarding the Company being conducted by the SEC. As disclosed in the Company’s Form 8-K filed on September 27, 2016, on that date the Company entered into a settlement agreement with the SEC resolving the investigation of accounting and related matters at the Company for the periods ended June 30, 2010, to December 31, 2011. As part of the settlement of the SEC’s administrative proceedings and pursuant to the cease-and-desist order, without admitting or denying the SEC’s findings, the Company, its Chief Executive Officer, its former Chief Financial Officer, its former Executive Vice President and Chief Credit Officer, and its Chief Accounting Officer, agreed to pay civil money penalties to the SEC. The Company agreed to pay a civil money penalty of $1,000,000. The Company had previously established a reserve for that amount which was expensed in the second fiscal quarter of 2016. In the settlement agreement with the SEC, the Company also agreed to cease and desist from committing or causing any violations and any future violations of Securities Act Sections 17(a)(2) and 17(a)(3) and Exchange Act Sections 13(a), 13(b)(2)(A) and 13(b)(2)(B), and Rules 12b-20, 13a-1 and 13a-13 promulgated thereunder.</span></div><div style="text-indent:22.5pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">On September 27, 2016, the Orrstown Defendants filed with the Court a Notice of Subsequent Event in Further Support of their Motion to Dismiss the Second Amended Complaint, regarding the settlement with the SEC. The Notice attached a copy of the SEC’s cease-and-desist order and briefly described what the Company believed were the most salient terms of the neither</span></div><div style="margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">-admit-nor-deny settlement. On September 29, 2016, SEPTA filed a Response to the Notice, in which SEPTA argued that the settlement with the SEC did not support dismissal of the second amended complaint.</span></div><div style="text-indent:22.5pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">On December 7, 2016, the Court issued an Order and Memorandum granting in part and denying in part defendants’ motions to dismiss SEPTA’s second amended complaint. The Court granted the motions to dismiss the Securities Act claims against all defendants, and granted the motions to dismiss the Exchange Act Section 10(b) and Rule 10b-5 claims against all defendants except Orrstown Financial Services, Inc., Orrstown Bank, Thomas R. Quinn, Jr., Bradley S. Everly, and Jeffrey W. Embly. The Court also denied the motions to dismiss the Exchange Act Section 20(a) claims against Quinn, Everly, and Embly.</span></div><div style="text-indent:22.5pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">On January 31, 2017, the Court entered a Case Management Order establishing the schedule for the litigation and, on August 15, 2017, it entered a revised Order that, among other things, set the following deadlines: all fact discovery closes on March 1, 2018, and SEPTA’s motion for class certification is due the same day; expert merits discovery closes May 30, 2018; summary judgment motions are due by June 26, 2018; the mandatory pretrial and settlement conference is set for December 11, 2018; and trial is scheduled to begin on January 7, 2019.</span></div><div style="text-indent:22.5pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">On December 15, 2017, the Orrstown Defendants and SEPTA exchanged expert reports in opposition to and in support of class certification, respectively. On January 15, 2018, the parties exchanged expert rebuttal reports. SEPTA’s motion for class certification was due March 1, 2018, with the Orrstown Defendants’ opposition due April 2, 2018, and SEPTA’s reply due April 23, 2018.</span></div><div style="text-indent:22.5pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">On February 9, 2018, SEPTA filed a Status Report and Request for a Telephonic Status Conference asking the Court to convene a conference to discuss the status of discovery in the case and possible revisions to the case schedule. On February 12, 2018, the Orrstown Defendants filed their status report to provide the Court with a summary of document discovery in the case to date. On February 27, 2018, SEPTA filed an unopposed motion for a continuance of the existing case deadlines pending a status conference with the Court or the issuance of a revised case schedule. On February 28, 2018, the Court issued an Order continuing all case management deadlines until further order of the Court.</span></div><div style="text-indent:22.5pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">On March 27, 2018, the Court held a telephonic status conference with the parties to discuss outstanding discovery issues and case deadlines. On May 2, 2018, the parties filed a joint status report. On May 10, 2018, the Court held a follow-up telephonic status conference at which the parties reported on the progress of discovery to date.</span></div><div style="text-indent:22.5pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">On August 9, 2018, SEPTA filed a motion to compel the production of Confidential Supervisory Information (CSI) of non-parties the Board of Governors of the Federal Reserve System (FRB) and the Pennsylvania Department of Banking and Securities, in the possession of Orrstown and third parties. On August 23, 2018, the Orrstown Defendants filed a response to the motion to compel. On August 30, 2018, the FRB filed an unopposed motion to intervene in the Action for the purpose of opposing SEPTA’s motion to compel, and on September 27, 2018, the FRB filed its brief in opposition to SEPTA’s motion. On October 11, 2018, SEPTA filed its reply brief in support of its motion to compel. On February 12, 2019, the Court denied SEPTA’s motion to compel the production of CSI on the ground that SEPTA had failed to exhaust its administrative remedies.</span></div><div style="text-indent:22.5pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">Party and non-party document discovery in the case continues. To date, SEPTA has taken two non-party depositions.</span></div><div style="text-indent:22.5pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">The Company believes that the allegations of SEPTA’s second amended complaint are without merit and intends to defend itself vigorously against those claims. It is not possible at this time to estimate reasonably possible losses, or even a range of reasonably possible losses, in connection with the litigation. The Company incurred indemnification costs totaling $645,000 for the year ended December 31, 2017, with several professional service providers in connection with the SEPTA litigation. Indemnification costs incurred in 2018 were not material. These costs are included in legal fees in the consolidated statements of income.</span></div>
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0 claim
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LossContingencyClaimsDismissedPeriodToFileAnAmendment
P30D
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1000000 USD

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report.css Edgar Link pending
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wk-20181231.htm Edgar Link pending
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