2020 Q3 Form 10-Q Financial Statement

#000143774920023808 Filed on November 13, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2020 Q2 2019 Q3
Revenue $9.031M $9.603M $11.01M
YoY Change -17.99% -13.44% 7.5%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $380.0K $410.0K $430.0K
YoY Change -11.63% -2.38% 7.5%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $3.125M $3.916M $4.769M
YoY Change -34.47% -12.47% 37.99%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$93.00K -$1.724M $35.00K
YoY Change -365.71% -24.62% -96.65%
Income Tax -$6.000K -$446.0K $8.000K
% Of Pretax Income 22.86%
Net Earnings -$87.00K -$1.278M $27.00K
YoY Change -422.22% -22.78% -96.49%
Net Earnings / Revenue -0.96% -13.31% 0.25%
Basic Earnings Per Share -$0.02 -$0.32 $0.01
Diluted Earnings Per Share -$0.02 -$0.32 $0.01
COMMON SHARES
Basic Shares Outstanding 3.936M 3.935M 3.923M
Diluted Shares Outstanding 3.936M 3.935M 3.923M

Balance Sheet

Concept 2020 Q3 2020 Q2 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $49.64M $65.90M $50.00M
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 $33.63M $33.96M $34.88M
YoY Change -3.59% -3.65% -1.7%
Goodwill $1.107M $1.107M $1.107M
YoY Change 0.0% 0.0% -43.06%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.10M $12.20M $11.50M
YoY Change 5.22% 9.91% 5.5%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $922.9M $979.5M $972.0M
YoY Change -5.05% 0.18% 6.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $7.600M $7.700M $8.600M
YoY Change -11.63% 0.0% 104.76%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.600M $7.700M $8.600M
YoY Change -11.63% 0.0% 104.76%
LONG-TERM LIABILITIES
Long-Term Debt $30.80M $30.90M $30.90M
YoY Change -0.32% 0.0% -0.32%
Other Long-Term Liabilities $2.500M $3.800M $2.200M
YoY Change 13.64% 18.75% 29.41%
Total Long-Term Liabilities $33.30M $34.70M $33.10M
YoY Change 0.6% 1.76% 1.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.600M $7.700M $8.600M
Total Long-Term Liabilities $33.30M $34.70M $33.10M
Total Liabilities $858.4M $915.4M $903.8M
YoY Change -5.02% 0.65% 6.79%
SHAREHOLDERS EQUITY
Retained Earnings -$41.21M -$41.12M -$37.22M
YoY Change 10.71% 10.52% 3.17%
Common Stock $106.3M $106.3M $106.1M
YoY Change 0.16% -0.92% -0.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $64.54M $64.17M $68.18M
YoY Change
Total Liabilities & Shareholders Equity $922.9M $979.5M $972.0M
YoY Change -5.05% 0.18% 6.19%

Cashflow Statement

Concept 2020 Q3 2020 Q2 2019 Q3
OPERATING ACTIVITIES
Net Income -$87.00K -$1.278M $27.00K
YoY Change -422.22% -22.78% -96.49%
Depreciation, Depletion And Amortization $380.0K $410.0K $430.0K
YoY Change -11.63% -2.38% 7.5%
Cash From Operating Activities $3.570M -$10.00K $1.550M
YoY Change 130.32% -99.71% 53.47%
INVESTING ACTIVITIES
Capital Expenditures -$40.00K -$120.0K -$110.0K
YoY Change -63.64% -70.73% -31.25%
Acquisitions
YoY Change
Other Investing Activities $37.20M $32.91M $4.090M
YoY Change 809.54% -218.98% -118.57%
Cash From Investing Activities $37.16M $32.79M $3.980M
YoY Change 833.67% -216.86% -117.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -56.99M -19.04M -6.650M
YoY Change 756.99% -173.32% -56.34%
NET CHANGE
Cash From Operating Activities 3.570M -10.00K 1.550M
Cash From Investing Activities 37.16M 32.79M 3.980M
Cash From Financing Activities -56.99M -19.04M -6.650M
Net Change In Cash -16.26M 13.74M -1.120M
YoY Change 1351.79% -348.91% -96.92%
FREE CASH FLOW
Cash From Operating Activities $3.570M -$10.00K $1.550M
Capital Expenditures -$40.00K -$120.0K -$110.0K
Free Cash Flow $3.610M $110.0K $1.660M
YoY Change 117.47% -103.64% 41.88%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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AccruedInterestAndDividendsReceivable
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AccruedInterestAndDividendsReceivable
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pnbk Amortization And Accretion Of Purchase Loan Premiums And Discounts Net
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pnbk Amortization And Accretion Of Purchase Loan Premiums And Discounts Net
AmortizationAndAccretionOfPurchaseLoanPremiumsAndDiscountsNet
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pnbk Amortization Of Servicing Assets Of Sold Loans
AmortizationOfServicingAssetsOfSoldLoans
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pnbk Amortization Of Servicing Assets Of Sold Loans
AmortizationOfServicingAssetsOfSoldLoans
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CY2020Q3 pnbk Availableforsale Securities Debt Maturities Year One Through Five Amortized Cost Basis
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CY2020Q3 pnbk Availableforsale Securities Debt Maturities Year One Through Five Fair Value
AvailableforsaleSecuritiesDebtMaturitiesYearOneThroughFiveFairValue
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CY2019Q4 pnbk Availableforsale Securities Debt Maturities Year One Through Five Fair Value
AvailableforsaleSecuritiesDebtMaturitiesYearOneThroughFiveFairValue
7961000
CY2020Q3 pnbk Banks Reserve Based On Analysis In Unfunded Commitments
BanksReserveBasedOnAnalysisInUnfundedCommitments
8000
CY2019Q4 pnbk Banks Reserve Based On Analysis In Unfunded Commitments
BanksReserveBasedOnAnalysisInUnfundedCommitments
8000
CY2020Q3 pnbk Capital Conservation Buffer
CapitalConservationBuffer
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pnbk Capitalized Servicing Assets
CapitalizedServicingAssets
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pnbk Capitalized Servicing Assets
CapitalizedServicingAssets
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CY2020Q3 pnbk Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Other Changes
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldOtherChanges
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pnbk Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Other Changes
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pnbk Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Other Changes
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldOtherChanges
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CY2020Q3 pnbk Commitments To Extend Credit
CommitmentsToExtendCredit
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CY2019Q4 pnbk Commitments To Extend Credit
CommitmentsToExtendCredit
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CY2020Q3 pnbk Common Equity Tier1 Capital Required For Capital Adequacy To Risk Weighted Assets
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CY2019Q1 pnbk Common Equity Tier1 Capital Required For Capital Adequacy To Risk Weighted Assets
CommonEquityTier1CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
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CY2019Q3 pnbk Community Bank Tier One Leverage Capital Required For Capital Adequacy
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10000000000
CY2019Q3 pnbk Community Bank Tier One Leverage Ratio
CommunityBankTierOneLeverageRatio
0.09
CY2020Q3 pnbk Fees And Service Charges
FeesAndServiceCharges
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CY2019Q3 pnbk Fees And Service Charges
FeesAndServiceCharges
123000
pnbk Fees And Service Charges
FeesAndServiceCharges
253000
pnbk Fees And Service Charges
FeesAndServiceCharges
366000
CY2020Q3 pnbk Financing Receivable Loans Remaining On Deferment
FinancingReceivableLoansRemainingOnDeferment
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CY2020Q3 pnbk Financing Receivable Principal And Interest Deferred Payments
FinancingReceivablePrincipalAndInterestDeferredPayments
244400000
CY2020Q3 pnbk Financing Receivable Troubled Debt Restructuring Number Of Contracts
FinancingReceivableTroubledDebtRestructuringNumberOfContracts
9
CY2019Q4 pnbk Financing Receivable Troubled Debt Restructuring Number Of Contracts
FinancingReceivableTroubledDebtRestructuringNumberOfContracts
6
pnbk Gain Loss On Sale Of Sba Loans Held For Sale Net
GainLossOnSaleOfSBALoansHeldForSaleNet
464000
pnbk Gain Loss On Sale Of Sba Loans Held For Sale Net
GainLossOnSaleOfSBALoansHeldForSaleNet
864000
CY2020Q3 pnbk General Insurance Income Expense
GeneralInsuranceIncomeExpense
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CY2019Q3 pnbk General Insurance Income Expense
GeneralInsuranceIncomeExpense
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pnbk General Insurance Income Expense
GeneralInsuranceIncomeExpense
215000
pnbk General Insurance Income Expense
GeneralInsuranceIncomeExpense
160000
CY2020Q3 pnbk Impaired Financing Receivable Nonperforming Loans Discount Of Appraisal Value Selling Costs Percent
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0.08
CY2020Q3 pnbk Impaired Financing Receivable Nonperforming Loans Discount To Appraisal Value Percent
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CY2020Q3 pnbk Interest Expense Notes Payable
InterestExpenseNotesPayable
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CY2019Q3 pnbk Interest Expense Notes Payable
InterestExpenseNotesPayable
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pnbk Interest Expense Notes Payable
InterestExpenseNotesPayable
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pnbk Interest Expense Notes Payable
InterestExpenseNotesPayable
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CY2020Q3 pnbk Interest Expense Senior Debt
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CY2019Q3 pnbk Interest Expense Senior Debt
InterestExpenseSeniorDebt
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pnbk Interest Expense Senior Debt
InterestExpenseSeniorDebt
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pnbk Interest Expense Senior Debt
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CY2020Q3 pnbk Loan Application Inspection Processing Fees
LoanApplicationInspectionProcessingFees
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CY2019Q3 pnbk Loan Application Inspection Processing Fees
LoanApplicationInspectionProcessingFees
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pnbk Loan Application Inspection Processing Fees
LoanApplicationInspectionProcessingFees
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pnbk Loan Application Inspection Processing Fees
LoanApplicationInspectionProcessingFees
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pnbk Loans Receivable Term To Reset To Fhlb Rate
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CY2020Q3 pnbk Loans Serviced By Entity But Owned By A Third Party
LoansServicedByEntityButOwnedByAThirdParty
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CY2019Q4 pnbk Loans Serviced By Entity But Owned By A Third Party
LoansServicedByEntityButOwnedByAThirdParty
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MaterialAndCommunications
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CY2019Q3 pnbk Material And Communications
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pnbk Material And Communications
MaterialAndCommunications
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pnbk Material And Communications
MaterialAndCommunications
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pnbk Maximum Period For Charged Off Of Consumer Installment Loans
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pnbk Maximum Period Of Credit Extension Of Construction Loans
MaximumPeriodOfCreditExtensionOfConstructionLoans
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pnbk Non Cash Transactions Accrued Liability For Oreo Sale
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pnbk Non Cash Transactions Accrued Liability For Oreo Sale
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pnbk Noncash Activity Increase In Operating Lease Liabilities
NoncashActivityIncreaseInOperatingLeaseLiabilities
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pnbk Noncash Activity Increase In Operating Lease Liabilities
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pnbk Noncash Activity Increase In Operating Lease Rightofuse Assets
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pnbk Noncash Activity Increase In Operating Lease Rightofuse Assets
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pnbk Noncash Or Part Noncash Acquisition Contingent Liabilities Assumed
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pnbk Noncash Or Part Noncash Acquisition Contingent Liabilities Assumed
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CY2019Q4 pnbk Number Of Availableforsale Securities
NumberOfAvailableforsaleSecurities
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CY2020Q3 pnbk Number Of Impaired Loans
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CY2019Q4 pnbk Number Of Impaired Loans
NumberOfImpairedLoans
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pnbk Payments For Origination Of Sba Loans Held For Sale
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pnbk Payments For Origination Of Sba Loans Held For Sale
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pnbk Payments To Acquire Prepaid Debit Card Deposit
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pnbk Payments To Acquire Prepaid Debit Card Deposit
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CY2020Q3 pnbk Payments To Acquire Prepaid Debit Card Deposits
PaymentsToAcquirePrepaidDebitCardDeposits
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pnbk Period For Charged Off Of Closeend Credits
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pnbk Period For Charged Off Of Openend Credits
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CY2020Q3 pnbk Prepaid Debit Card Deposits
PrepaidDebitCardDeposits
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pnbk Proceeds From Payments For Originated Loans Receivable Net
ProceedsFromPaymentsForOriginatedLoansReceivableNet
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pnbk Proceeds From Payments For Originated Loans Receivable Net
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pnbk Proceeds From Principal Repayments On Debt Securities Available For Sale
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pnbk Proceeds From Principal Repayments On Debt Securities Available For Sale
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2588000
CY2020Q3 pnbk Project Expenses
ProjectExpenses
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CY2019Q3 pnbk Project Expenses
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pnbk Project Expenses
ProjectExpenses
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pnbk Project Expenses
ProjectExpenses
277000
pnbk Refund Of Payment For Escrow Deposit Related To Acquisition Activity
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pnbk Refund Of Payment For Escrow Deposit Related To Acquisition Activity
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RegulatoryAssessments
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pnbk Regulatory Assessments
RegulatoryAssessments
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pnbk Regulatory Assessments
RegulatoryAssessments
862000
CY2019Q1 pnbk Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets With Capital Buffer
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CY2020Q3 pnbk Time Deposits Below Fdic Insurance Limit
TimeDepositsBelowFDICInsuranceLimit
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CY2019Q4 pnbk Time Deposits Below Fdic Insurance Limit
TimeDepositsBelowFDICInsuranceLimit
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CY2020Q3 pnbk Unrealized Holding Losses Depreciation Percentage From Amortized Cost
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us-gaap Accretion Amortization Of Discounts And Premiums Investments
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us-gaap Accretion Amortization Of Discounts And Premiums Investments
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CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2020Q3 us-gaap Advance Payments By Borrowers For Taxes And Insurance
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CY2020Q3 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
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CY2019Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
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CY2020Q3 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
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CY2019Q3 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
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us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
67000
us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
183000
CY2020Q3 us-gaap Allowance For Loan And Lease Losses Write Offs
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CY2019Q3 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
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us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
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us-gaap Allowance For Loan And Lease Losses Write Offs
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us-gaap Amortization Of Financing Costs
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us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
56000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
56000
CY2020Q3 us-gaap Assets
Assets
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CY2019Q4 us-gaap Assets
Assets
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CY2020Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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382000
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
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CY2020Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
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CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
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CY2020Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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48559000
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
48860000
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
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30588000
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
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CY2020Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
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CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
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CY2020Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
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CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
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CY2020Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
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CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
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CY2020Q3 us-gaap Available For Sale Securities Debt Securities
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CY2019Q4 us-gaap Available For Sale Securities Debt Securities
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48317000
us-gaap Basis Of Accounting
BasisOfAccounting
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: top;"> <td style="width: 54pt;"> <div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Note&nbsp;<div style="display: inline; font-style: italic; font: inherit;">1.</div></div></div> </td> <td> <div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Basis of Financial Statement Presentation</div></div> </td> </tr> </table> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The accompanying unaudited condensed consolidated financial statements of Patriot National Bancorp, Inc. (the&nbsp;&#x201c;Company&#x201d;) and its wholly-owned subsidiaries Patriot Bank, N.A. (the &#x201c;Bank&#x201d;) , Patriot National Statutory Trust I and PinPat Acquisition Corporation (collectively, &#x201c;Patriot&#x201d;), have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (&#x201c;SEC&#x201d;). Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (&#x201c;US GAAP&#x201d;) have been omitted. The accompanying unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included on the Annual Report on Form <div style="display: inline; font-style: italic; font: inherit;">10</div>-K for the year ended <div style="display: inline; font-style: italic; font: inherit;"> December 31, 2019.</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The consolidated balance sheet at <div style="display: inline; font-style: italic; font: inherit;"> December 31, 2019 </div>presented herein has been derived from the audited consolidated financial statements of the Company at that date, but does <div style="display: inline; font-style: italic; font: inherit;">not</div> include all of the information and footnotes required by US GAAP for complete financial statements.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The preparation of consolidated financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and to disclose contingent assets and liabilities. Actual results could differ from those estimates. Management has identified accounting for the allowance for loan and lease losses, the analysis and valuation of its investment securities, the valuation of deferred tax assets, the impairment of goodwill, the valuation of derivatives, and the valuation of servicing assets as certain of the Company's more significant accounting policies and estimates, in that they are critical to the presentation of the Company's consolidated financial condition and results of operations. As they concern matters that are inherently uncertain, these estimates require management to make subjective and complex judgments in the preparation of the Company's consolidated financial statements.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; text-decoration: underline;">Reclassifications:</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Certain amounts appearing in the financial statements and notes thereto for prior periods have been reclassified to conform with the current presentation. The reclassifications had <div style="display: inline; font-style: italic; font: inherit;">no</div> effect on net income or stockholders' equity as previously reported.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The information furnished reflects, in the opinion of management, all normal recurring adjustments necessary for a fair presentation of the results for the interim periods presented. The results of operations for the <div style="display: inline; font-style: italic; font: inherit;">three</div> and <div style="display: inline; font-style: italic; font: inherit;">nine</div> months ended <div style="display: inline; font-style: italic; font: inherit;"> September 30, 2020 </div>are <div style="display: inline; font-style: italic; font: inherit;">not</div> necessarily indicative of the results of operations that <div style="display: inline; font-style: italic; font: inherit;"> may </div>be expected for the remainder of <div style="display: inline; font-style: italic; font: inherit;">2020.</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; text-decoration: underline;">COVID-<div style="display: inline; font-style: italic; font: inherit;">19</div> Impact</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">In <div style="display: inline; font-style: italic; font: inherit;"> March 2020, </div>the World Health Organization declared novel coronavirus disease <div style="display: inline; font-style: italic; font: inherit;">2019</div> ("COVID-<div style="display: inline; font-style: italic; font: inherit;">19"</div>) as a global pandemic. The COVID-<div style="display: inline; font-style: italic; font: inherit;">19</div> pandemic has negatively impacted the global and U.S. economies. Many businesses in the U.S., including those in the markets we serve, were required to close, causing a significant increase in unemployment and loss of revenue.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The consolidated financial statements reflect estimates and assumptions that affect the reported amounts of assets and liabilities, including the amount of the allowance for loan losses. The assumptions and estimates used in the financial statements were impacted by the COVID-<div style="display: inline; font-style: italic; font: inherit;">19</div> pandemic. The COVID-<div style="display: inline; font-style: italic; font: inherit;">19</div> pandemic did have an adverse impact on our earnings and resulted in an increase to the allowance for loan losses when compared to the same period in <div style="display: inline; font-style: italic; font: inherit;">2019.</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">We are unable to estimate the full impact of COVID-<div style="display: inline; font-style: italic; font: inherit;">19</div> on our business and operations at this time. The extent of such impact will depend on future developments, which are highly uncertain, including when COVID-<div style="display: inline; font-style: italic; font: inherit;">19</div> can be controlled and abated and when and how the economy <div style="display: inline; font-style: italic; font: inherit;"> may </div>be reopened. The pandemic could cause us to experience higher credit losses in our loan portfolio, impairment of our goodwill, reduced demand for our products and services, or other negative impacts on our financial position, results of operations, and prospects.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On <div style="display: inline; font-style: italic; font: inherit;"> March 27, 2020, </div>the President of the United States signed into law the Coronavirus Aid, Relief and Economic Security (&#x201c;CARES&#x201d;) Act in response to the coronavirus pandemic. This legislation aims at providing relief for individuals and businesses that have been negatively impacted by the coronavirus pandemic.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;"></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The CARES Act includes a provision for the Company to opt out of applying the &#x201c;troubled-debt restructuring&#x201d; (&#x201c;TDR&#x201d;) accounting guidance in ASC <div style="display: inline; font-style: italic; font: inherit;">310</div>-<div style="display: inline; font-style: italic; font: inherit;">40</div> for certain loan modifications. Loan modifications made between <div style="display: inline; font-style: italic; font: inherit;"> March 1, 2020 </div>and the earlier of i) <div style="display: inline; font-style: italic; font: inherit;"> December 30, 2020 </div>or ii) <div style="display: inline; font-style: italic; font: inherit;">60</div> days after the President declares a termination of the COVID-<div style="display: inline; font-style: italic; font: inherit;">19</div> national emergency are eligible for this relief if the related loans were <div style="display: inline; font-style: italic; font: inherit;">not</div> more than <div style="display: inline; font-style: italic; font: inherit;">30</div> days past due as of <div style="display: inline; font-style: italic; font: inherit;"> December 31, 2019. </div>The Company has assessed which loans qualify for this treatment. The CARES Act also permits the Bank to continue to accrue interest on loans that have received deferral treatment as a result of the pandemic. In addition, on <div style="display: inline; font-style: italic; font: inherit;"> April 7, 2020, </div>a group of banking regulatory agencies issued a revised interagency statement that offers practical expedients for evaluating whether COVID-<div style="display: inline; font-style: italic; font: inherit;">19</div> loan modifications are TDRs.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On <div style="display: inline; font-style: italic; font: inherit;"> August 3, 2020, </div>the Federal Financial Institutions Council issued a joint statement, encouraging financial institutions to consider prudent accommodation options to mitigate losses for the borrower and financial institution beyond the initial accommodation period. The joint statement specifically encourages financial institutions to provide consumers with available options for repaying missed payments at the end of their accommodation to avoid delinquencies, as well as options for changes to terms to support sustainable and affordable payments for the long term. These considerations should also include prudent risk management practices at the financial institution based on the credit risk of the borrower. Patriot is actively working with its customers to address any further accommodation needs while carefully evaluating the associated credit risk of the borrowers.</div></div>
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CY2020Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
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CY2019Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
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us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
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us-gaap Impaired Financing Receivable Average Recorded Investment
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CY2020Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
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CY2019Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
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us-gaap Impaired Financing Receivable Interest Income Accrual Method
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us-gaap Impaired Financing Receivable Interest Income Accrual Method
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CY2020Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
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CY2019Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
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CY2020Q3 us-gaap Impaired Financing Receivable Related Allowance
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CY2019Q4 us-gaap Impaired Financing Receivable Related Allowance
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CY2020Q3 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
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CY2019Q3 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
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us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
12342000
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
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CY2020Q3 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
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CY2019Q3 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
252000
us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
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us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
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CY2020Q3 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
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CY2019Q3 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
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us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
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CY2020Q3 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
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CY2019Q3 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
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us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
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us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
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CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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35000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2020Q3 us-gaap Income Tax Expense Benefit
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CY2019Q3 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
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us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
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us-gaap Increase Decrease In Deposits
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us-gaap Increase Decrease In Deposits
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18775000
us-gaap Increase Decrease In Interest And Dividends Receivable
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3231000
us-gaap Increase Decrease In Interest And Dividends Receivable
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us-gaap Increase Decrease In Loans From Other Federal Home Loan Banks
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us-gaap Increase Decrease In Loans From Other Federal Home Loan Banks
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us-gaap Increase Decrease In Other Operating Assets
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674000
us-gaap Increase Decrease In Other Operating Assets
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1779000
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2020Q3 us-gaap Information Technology And Data Processing
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us-gaap Information Technology And Data Processing
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us-gaap Interest Income Operating
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InterestIncomeOtherDomesticDeposits
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us-gaap Interest Income Other Domestic Deposits
InterestIncomeOtherDomesticDeposits
187000
us-gaap Interest Income Other Domestic Deposits
InterestIncomeOtherDomesticDeposits
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us-gaap Interest Paid Net
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CY2020Q3 us-gaap Investments
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us-gaap Interest Expense Subordinated Notes And Debentures
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CY2020Q3 us-gaap Interest Income Expense After Provision For Loan Loss
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CY2019Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
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us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
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us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
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CY2020Q3 us-gaap Interest Income Expense Net
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CY2019Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
6243000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2019Q3 us-gaap Interest Income Operating
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us-gaap Interest Income Operating
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us-gaap Interest And Dividend Income Operating
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us-gaap Interest And Dividend Income Operating
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CY2020Q3 us-gaap Interest And Fee Income Loans And Leases
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CY2019Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
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us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
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us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
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CY2020Q3 us-gaap Interest Bearing Deposit Liabilities
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CY2019Q4 us-gaap Interest Bearing Deposit Liabilities
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CY2020Q3 us-gaap Interest Expense
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InterestExpense
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us-gaap Interest Expense
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CY2020Q3 us-gaap Interest Expense Deposits
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us-gaap Interest Expense Deposits
InterestExpenseDeposits
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us-gaap Interest Expense Deposits
InterestExpenseDeposits
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CY2020Q3 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
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CY2019Q3 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
602000
us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
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1963000
us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
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InterestExpenseSubordinatedNotesAndDebentures
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CY2019Q3 us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
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us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
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CY2020Q3 us-gaap Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust
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CY2019Q4 us-gaap Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust
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CY2020Q3 us-gaap Labor And Related Expense
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CY2019Q3 us-gaap Labor And Related Expense
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us-gaap Labor And Related Expense
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us-gaap Labor And Related Expense
LaborAndRelatedExpense
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CY2019Q4 us-gaap Liabilities
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CY2020Q3 us-gaap Liabilities And Stockholders Equity
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CY2019Q4 us-gaap Liabilities And Stockholders Equity
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CY2019Q3 us-gaap Loan Processing Fee
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us-gaap Loan Processing Fee
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us-gaap Loan Processing Fee
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CY2020Q3 us-gaap Loans And Leases Receivable Allowance
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CY2019Q2 us-gaap Loans And Leases Receivable Allowance
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CY2019Q3 us-gaap Loans And Leases Receivable Allowance
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CY2019Q4 us-gaap Loans And Leases Receivable Allowance
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CY2018Q4 us-gaap Loans And Leases Receivable Allowance
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CY2020Q3 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
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us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
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CY2019Q3 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
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us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
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CY2020Q3 us-gaap Loans Receivable Held For Sale Amount
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CY2019Q4 us-gaap Loans Receivable Held For Sale Amount
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CY2020Q3 us-gaap Marketing And Advertising Expense
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CY2019Q3 us-gaap Marketing And Advertising Expense
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us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
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us-gaap Marketing And Advertising Expense
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Noninterest Income
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us-gaap Noninterest Income Other
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us-gaap Noninterest Income Other
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CY2019Q4 us-gaap Notes Payable To Bank
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us-gaap Occupancy Net
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CY2019Q3 us-gaap Operating Leases Income Statement Lease Revenue
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us-gaap Operating Leases Income Statement Lease Revenue
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us-gaap Operating Leases Income Statement Lease Revenue
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us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
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us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
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us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
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us-gaap Payments Of Dividends Common Stock
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us-gaap Payments Of Dividends Common Stock
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us-gaap Payments To Acquire Available For Sale Securities
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us-gaap Payments To Acquire Loans Receivable
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
us-gaap Proceeds From Sale Of Other Loans Held For Sale
ProceedsFromSaleOfOtherLoansHeldForSale
6096000
us-gaap Proceeds From Sale Of Other Loans Held For Sale
ProceedsFromSaleOfOtherLoansHeldForSale
11969000
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
425000
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
897000
CY2020Q3 us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
627000
CY2019Q3 us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
721000
us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
2137000
us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
2233000
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
33632000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
34568000
CY2020Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
85000
CY2019Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
100000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1799000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
3202000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1799000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
3202000
CY2020Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
85000
CY2019Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
100000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
149000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
146000
CY2020Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-41210000
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-38773000
CY2020Q3 us-gaap Senior Notes
SeniorNotes
11909000
CY2019Q4 us-gaap Senior Notes
SeniorNotes
11853000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3935898
CY2020Q3 us-gaap Servicing Asset
ServicingAsset
301000
CY2020Q2 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
221000
CY2019Q2 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
156000
CY2019Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
201000
CY2018Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
37000
CY2020Q3 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
301000
CY2019Q3 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
196000
CY2020Q3 us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
86000
CY2019Q3 us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
44000
us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
115000
us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
169000
CY2020Q3 us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
6000
CY2019Q3 us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
4000
us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
15000
us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
10000
CY2020Q3 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
362000
us-gaap Share Based Compensation
ShareBasedCompensation
123000
us-gaap Share Based Compensation
ShareBasedCompensation
162000
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
42000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
123000
CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
59000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
162000
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
64537000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
66994000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
64172000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
68290000
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
68179000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
69340000
CY2020Q3 us-gaap Subordinated Debt
SubordinatedDebt
9774000
CY2019Q4 us-gaap Subordinated Debt
SubordinatedDebt
9752000
CY2020Q3 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.09
CY2020Q3 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.08
CY2020Q3 us-gaap Time Deposit Maturities Remainder Of Fiscal Year
TimeDepositMaturitiesRemainderOfFiscalYear
266497000
CY2020Q3 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
997000
CY2020Q3 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
30858000
CY2020Q3 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
1163000
CY2020Q3 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
2449000
CY2020Q3 us-gaap Time Deposits
TimeDeposits
301964000
CY2020Q3 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
50359000
CY2019Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
67550000
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
5022000
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
446000
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3935898
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3922783
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3934138
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3920678
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3922783
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3934138
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3920678

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