2017 Q1 Form 10-K Financial Statement

#000082441017000003 Filed on March 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2015 Q4 2015 Q3
Revenue $45.96M $41.07M $40.32M
YoY Change 10.34% 8.16% 8.52%
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 $2.000M $1.900M $1.900M
YoY Change 5.26% 5.56% 11.76%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $5.705M $5.297M $5.201M
YoY Change 3.15% 11.56% 9.96%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $22.71M $19.17M $16.17M
YoY Change 42.54% 44.88% -2.41%
Income Tax $7.598M $6.372M $5.175M
% Of Pretax Income 33.46% 33.23% 32.0%
Net Earnings $15.11M $12.80M $11.00M
YoY Change 39.76% 39.94% -1.32%
Net Earnings / Revenue 32.88% 31.17% 27.27%
Basic Earnings Per Share $0.63 $0.53 $0.45
Diluted Earnings Per Share $0.63 $0.52 $0.45
COMMON SHARES
Basic Shares Outstanding 23.92M shares 24.36M shares 24.57M shares
Diluted Shares Outstanding 24.16M shares 24.60M shares

Balance Sheet

Concept 2017 Q1 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $143.5M $114.2M $134.6M
YoY Change -27.14% -17.03%
Cash & Equivalents $101.9M $72.88M $96.43M
Short-Term Investments $41.61M $41.34M $38.15M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $53.00M $53.21M $53.00M
YoY Change 0.0% 7.72% 15.22%
Goodwill $85.77M
YoY Change 1.9%
Intangibles $138.0K
YoY Change -72.94%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $5.201B $4.655B $4.611B
YoY Change 10.27% 5.87% 8.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $41.00M $38.00M $45.00M
YoY Change 13.89% -13.64% 36.36%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $141.0M $109.0M $121.0M
YoY Change 16.53% 47.3% 70.42%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $41.00M $38.00M $45.00M
YoY Change 13.89% -13.64% 36.36%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $35.00M $35.00M
YoY Change -100.0% 0.0% 0.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $35.00M $35.00M
YoY Change -100.0% 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $41.00M $38.00M $45.00M
Total Long-Term Liabilities $0.00 $35.00M $35.00M
Total Liabilities $4.657B $4.131B $4.087B
YoY Change 11.03% 6.59% 9.7%
SHAREHOLDERS EQUITY
Retained Earnings $359.3M $325.8M $318.9M
YoY Change 8.6% 7.58%
Common Stock $190.5M $199.9M $202.9M
YoY Change 1.71% -9.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $544.3M $524.4M $523.6M
YoY Change
Total Liabilities & Shareholders Equity $5.201B $4.655B $4.611B
YoY Change 10.27% 5.87% 8.52%

Cashflow Statement

Concept 2017 Q1 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income $15.11M $12.80M $11.00M
YoY Change 39.76% 39.94% -1.32%
Depreciation, Depletion And Amortization $2.000M $1.900M $1.900M
YoY Change 5.26% 5.56% 11.76%
Cash From Operating Activities $34.26M $6.900M $24.00M
YoY Change 115.47% -43.9% 42.01%
INVESTING ACTIVITIES
Capital Expenditures $1.131M -$1.900M -$2.100M
YoY Change -22.05% -62.75% 23.53%
Acquisitions $0.00
YoY Change
Other Investing Activities -$152.2M -$69.60M -$103.8M
YoY Change -696.86% -48.48% 166.84%
Cash From Investing Activities -$153.3M -$71.50M -$105.9M
YoY Change -736.08% -48.93% 160.2%
FINANCING ACTIVITIES
Cash Dividend Paid $6.275M
YoY Change 7.39%
Common Stock Issuance & Retirement, Net -$276.0K
YoY Change -102.11%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $86.78M 41.10M 88.70M
YoY Change 86.62% -68.89% 1710.2%
NET CHANGE
Cash From Operating Activities $34.26M 6.900M 24.00M
Cash From Investing Activities -$153.3M -71.50M -105.9M
Cash From Financing Activities $86.78M 41.10M 88.70M
Net Change In Cash -$32.26M -23.50M 6.800M
YoY Change -137.29% -634.09% -135.98%
FREE CASH FLOW
Cash From Operating Activities $34.26M $6.900M $24.00M
Capital Expenditures $1.131M -$1.900M -$2.100M
Free Cash Flow $33.13M $8.800M $26.10M
YoY Change 129.28% -49.43% 40.32%

Facts In Submission

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FederalHomeLoanBankAdvancesLongTerm
685000000 USD
CY2016 us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
290000 USD
CY2015 us-gaap Occupancy Net
OccupancyNet
12809000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
71990000 USD
CY2016Q4 us-gaap Other Assets
OtherAssets
124137000 USD
CY2016Q4 us-gaap Interest Receivable
InterestReceivable
14589000 USD
CY2016 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
5546000 USD
CY2015Q4 us-gaap Federal Funds Sold
FederalFundsSold
472000 USD
CY2014 sasr Mortgage Banking Income
MortgageBankingIncome
1994000 USD
CY2014 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
85000 USD
CY2015 us-gaap Marketing Expense
MarketingExpense
2896000 USD
CY2016 us-gaap Other Noninterest Expense
OtherNoninterestExpense
20762000 USD
CY2016 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
1932000 USD
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
23901084 shares
CY2014 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
15377000 USD
CY2015 us-gaap Labor And Related Expense
LaborAndRelatedExpense
71003000 USD
CY2015 us-gaap Equipment Expense
EquipmentExpense
6071000 USD
CY2014 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
8422000 USD
CY2014 us-gaap Asset Management Fees1
AssetManagementFees1
19086000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
53214000 USD
CY2016 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
144006000 USD
CY2015 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
372203000 USD
CY2014 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
346373000 USD
CY2015 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
2112000 USD
CY2015 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
2244000000 USD
CY2014 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
1765000000 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
897000 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
487000 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
394000 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
125000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
350000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
321000 USD
CY2015Q4 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
109145000 USD
CY2016Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
53190000 USD
CY2015Q4 sasr Accrued Interest Payable And Other Liabilities
AccruedInterestPayableAndOtherLiabilities
38078000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
48250000 USD
CY2015 us-gaap Interest Expense Deposits
InterestExpenseDeposits
5878000 USD
CY2015 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
13081000 USD
CY2014 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
2444000 USD
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.52
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
1736000 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
-9235000 USD
CY2016 us-gaap Depreciation And Amortization
DepreciationAndAmortization
7958000 USD
CY2015 us-gaap Depreciation And Amortization
DepreciationAndAmortization
7305000 USD
CY2014 us-gaap Depreciation And Amortization
DepreciationAndAmortization
7157000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
2139000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
1452000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
349000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3000 USD
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
808000 USD
CY2015 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
193316000 USD
CY2014 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
137339000 USD
CY2016 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
239705000 USD
CY2015 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
191232000 USD
CY2014 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
137131000 USD
CY2015 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
2861000 USD
CY2014 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
1939000 USD
CY2015 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-267000 USD
CY2014 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-161000 USD
CY2015 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
809000 USD
CY2014 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
102000 USD
CY2015 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2015000 USD
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
6866000 USD
CY2015 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-6267000 USD
CY2014 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
20166000 USD
CY2015 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-4628000 USD
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
4997000 USD
CY2015 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
46190000 USD
CY2014 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
0 USD
CY2015 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
12943000 USD
CY2014 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
3786000 USD
CY2015 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
121994000 USD
CY2014 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
89076000 USD
CY2014 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
488000 USD
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8572000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8564000 USD
CY2016 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
313814000 USD
CY2015 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
197221000 USD
CY2014 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
189284000 USD
CY2015 us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
34713000 USD
CY2014 us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
20590000 USD
CY2015 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
2274000000 USD
CY2014 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
1805000000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
72882000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
96217000 USD
CY2016 us-gaap Interest Paid
InterestPaid
21377000 USD
CY2015 us-gaap Interest Paid
InterestPaid
20040000 USD
CY2014 us-gaap Interest Paid
InterestPaid
18833000 USD
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-23335000 USD
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
21790000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
134125000 USD
CY2016 us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
13273000 USD
CY2015 us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
22624000 USD
CY2014 us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
910000 USD
CY2016 us-gaap Payments Of Dividends
PaymentsOfDividends
23676000 USD
CY2015 us-gaap Payments Of Dividends
PaymentsOfDividends
22397000 USD
CY2014 us-gaap Payments Of Dividends
PaymentsOfDividends
19216000 USD
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
61243000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
22331000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
21060000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
15154000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
74427000 USD
CY2016 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.98
CY2015 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.9
CY2014 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.76
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
44067 shares
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
39787 shares
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
13834 shares
CY2016 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
23779 shares
CY2015 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
25136 shares
CY2014 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
24519 shares
CY2016 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
49468 shares
CY2015 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
55784 shares
CY2014 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
54535 shares
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Use of Estimates</font></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The preparation of </font><font style='font-family:Times New Roman;font-size:10pt;' >financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements, and affect the reported am</font><font style='font-family:Times New Roman;font-size:10pt;' >ounts of revenues earned and expenses incurred during the reporting period. Actual results could differ from those estimates. Estimates that could change significantly relate to the provision for loan losses and the related allowance, determination of impa</font><font style='font-family:Times New Roman;font-size:10pt;' >ired loans and the related measurement of impairment, potential impairment of goodwill or other intangible assets, valuation of investment securities and the determination of whether impaired securities are other-than-temporarily impaired, valuation of oth</font><font style='font-family:Times New Roman;font-size:10pt;' >er real estate owned, prepayment rates, valuation of share-based compensation, the assessment that a liability should be recognized with respect to any matters under litigation, the calculation of current and deferred income taxes and the actuarial project</font><font style='font-family:Times New Roman;font-size:10pt;' >ions related to pension expense and the related liability.</font></p><p style='text-align:justify;line-height:12pt;' ></p></div>
CY2016 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
0 USD
CY2016Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
531000 USD
CY2015 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
0 USD
CY2015Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
531000 USD
CY2014Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
531000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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7493000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
282708000 USD
CY2016Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
729622000 USD
CY2015Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
301000 USD
CY2015Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
157710000 USD
CY2015Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
168136000 USD
CY2015Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
253792000 USD
CY2015Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
579939000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
7541000 USD
CY2015Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
306000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
162233000 USD
CY2015Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
160257000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
282713000 USD
CY2015Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
174677000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
279844000 USD
CY2015Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
255586000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
732331000 USD
CY2015Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
590826000 USD
CY2016Q4 us-gaap Federal Reserve Bank Stock
FederalReserveBankStock
8334000 USD
CY2016Q4 us-gaap Marketable Securities
MarketableSecurities
46094000 USD
CY2015Q4 us-gaap Federal Reserve Bank Stock
FederalReserveBankStock
8269000 USD
CY2015Q4 us-gaap Marketable Securities
MarketableSecurities
41336000 USD
CY2016 sasr Net Gains Or Losses From Calls Of Investments Available For Sale
NetGainsOrLossesFromCallsOfInvestmentsAvailableForSale
440000 USD
CY2016 sasr Net Gains Or Losses From Calls Of Investments Held To Maturity
NetGainsOrLossesFromCallsOfInvestmentsHeldToMaturity
1000 USD
CY2015 sasr Net Gains Or Losses From Calls Of Investments Available For Sale
NetGainsOrLossesFromCallsOfInvestmentsAvailableForSale
18000 USD
CY2015 sasr Net Gains Or Losses From Calls Of Investments Held To Maturity
NetGainsOrLossesFromCallsOfInvestmentsHeldToMaturity
18000 USD
CY2014 sasr Net Gains Or Losses From Calls Of Investments Available For Sale
NetGainsOrLossesFromCallsOfInvestmentsAvailableForSale
2000 USD
CY2014 sasr Net Gains Or Losses From Calls Of Investments Held To Maturity
NetGainsOrLossesFromCallsOfInvestmentsHeldToMaturity
3000 USD
CY2016Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
1400000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
1100000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
21756000 USD
CY2015 us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
8684000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
21050000 USD
CY2016 us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
21355000 USD
CY2016Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
41988000 USD
CY2016 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
3134000 USD
CY2015 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
3795000 USD
CY2014 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2687000 USD
CY2016 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
760000 USD
CY2015 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1517000 USD
CY2014 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1886000 USD
CY2016 sasr Financing Receivable Allowance For Credit Losses Net Charge Offs
FinancingReceivableAllowanceForCreditLossesNetChargeOffs
2374000 USD
CY2015 sasr Financing Receivable Allowance For Credit Losses Net Charge Offs
FinancingReceivableAllowanceForCreditLossesNetChargeOffs
2278000 USD
CY2014 sasr Financing Receivable Allowance For Credit Losses Net Charge Offs
FinancingReceivableAllowanceForCreditLossesNetChargeOffs
801000 USD
CY2016Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
44067000 USD
CY2015Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
40895000 USD
CY2014Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
37802000 USD
CY2013Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
38766000 USD
CY2016Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
24092000 USD
CY2016Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
4825000 USD
CY2016Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
3903716000 USD
CY2016Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
39242000 USD
CY2016Q4 sasr Allowance For Loans And Leases To Total Loans And Leases Ratio
AllowanceForLoansAndLeasesToTotalLoansAndLeasesRatio
0.0112 pure
CY2016Q4 sasr Percentage Of Credit Loss Allowance To Loans
PercentageOfCreditLossAllowanceToLoans
0.2003 pure
CY2016 sasr Percentage Allowance On Losses
PercentageAllowanceOnLosses
0.0101 pure
CY2015Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
3375000 USD
CY2015Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
37520000 USD
CY2016Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
13563000 USD
CY2015Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
14208000 USD
CY2014Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
11411000 USD
CY2016Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
10529000 USD
CY2015Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
14719000 USD
CY2014Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
18008000 USD
CY2016Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
24092000 USD
CY2015Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
28927000 USD
CY2014Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
29419000 USD
CY2014Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
2894000 USD
CY2014Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
34908000 USD
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37802000 USD
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26382000 USD
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29828000 USD
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34331000 USD
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2082000 USD
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LoansAndLeasesReceivableImpairedContractualInterestIncome
2527000 USD
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LoansAndLeasesReceivableImpairedContractualInterestIncome
2339000 USD
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511000 USD
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961000 USD
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773000 USD
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186000 USD
CY2015 us-gaap Impaired Financing Receivable Interest Income Accrual Method
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274000 USD
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280000 USD
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28927000 USD
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3466443000 USD
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0.1167 pure
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0.0108 pure
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4825000 USD
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39016000 USD
CY2015Q4 us-gaap Impaired Financing Receivable Related Allowance
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3375000 USD
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42461000 USD
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30031000 USD
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4467000 USD
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34498000 USD
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37240000 USD
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29211000 USD
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2489000 USD
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31932000 USD
CY2016Q4 sasr Nonperforming Assets
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33843000 USD
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7600000 USD
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7300000 USD
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10160000 USD
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61357000 USD
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35152000 USD
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31419000 USD
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107527000 USD
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102730000 USD
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53965000 USD
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100000 USD
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95000 USD
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83000 USD
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66000 USD
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680000 USD
CY2016Q4 us-gaap Deposit Liabilities Reclassified As Loans Receivable1
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1300000 USD
CY2015Q4 us-gaap Deposit Liabilities Reclassified As Loans Receivable1
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1400000 USD
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0.09 pure
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3200000 USD
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2200000 USD
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1500000 USD
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327418000 USD
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33013000 USD
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28606000 USD
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54666000 USD
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105296000 USD
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138850000 USD
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125119000 USD
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109145000 USD
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128511000 USD
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74432000 USD
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70097000 USD
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150000000 USD
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75000000 USD
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80000000 USD
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160000000 USD
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80000000 USD
CY2015Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Three To Four Years Of Balance Sheet Date
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80000000 USD
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10000000 USD
CY2015Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Four To Five Years Of Balance Sheet Date
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80000000 USD
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0 USD
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10000000 USD
CY2016Q4 us-gaap Advances From Federal Home Loan Banks
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790000000 USD
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CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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P5Y8M16D
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P5Y5M1D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P5Y1M
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19.68
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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27.46
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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16.25
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25.96
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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22.46
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133779 shares
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21238 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
2447 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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108503 shares
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y7M6D
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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P2Y4M24D
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1902000 USD
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583000 USD
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974000 USD
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1370000 USD
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20.04
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CY2016 sasr Maximum Percentage Of Asset Allocated To Control Market Volatility
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more than 70%
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not exceed 5%
CY2016 sasr Minimum Percentage Of Value Of Equity Portion For Sale
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CY2016 sasr Maximum Percentage Of Corporate Debt Issuable To Single Issuer
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not exceed 10%
CY2016 sasr Four Zero One K Provision Description
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The Sandy Spring Bank 401(k) Plan includes a 401(k) provision with a Company match. The 401(k) provision is voluntary and covers all eligible employees after ninety days of service. Employees contributing to the 401(k) provision receive a matching contribution of 100% of the first 3% of compensation and 50% of the next 2% of compensation subject to employee contribution limitations. The Company matching contribution vests immediately. The Plan permits employees to purchase shares of Sandy Spring Bancorp, Inc. common stock with their 401(k) contributions, Company match, and other contributions under the Plan.
CY2016 sasr Profit Sharing And Matching Contribution
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2000000 USD
CY2015 sasr Profit Sharing And Matching Contribution
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2000000 USD
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1800000 USD
CY2016 sasr Executive Incentive Retirement Plan Benefit Cost
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300000 USD
CY2015 sasr Executive Incentive Retirement Plan Benefit Cost
ExecutiveIncentiveRetirementPlanBenefitCost
200000 USD
CY2014 sasr Executive Incentive Retirement Plan Benefit Cost
ExecutiveIncentiveRetirementPlanBenefitCost
400000 USD
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251000 USD
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707000 USD
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40783000 USD
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33200000 USD
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30683000 USD
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755000 USD
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36020000 USD
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4763000 USD
CY2015Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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8733000 USD
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40783000 USD
CY2015Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
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39416000 USD
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13689000 USD
CY2015 sasr Defined Benefit Plan Unrecognized Net Actuarial Loss
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13038000 USD
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13689000 USD
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13038000 USD
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1600000 USD
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1614000 USD
CY2015 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1622000 USD
CY2014 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1971000 USD
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1207000 USD
CY2015 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1039000 USD
CY2014 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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-120000 USD
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0.0426 pure
CY2015 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0391 pure
CY2014 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0477 pure
CY2015 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
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0.05 pure
CY2014 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.06 pure
CY2013Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
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5539000 USD
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977000 USD
CY2014 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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-251000 USD
CY2014 sasr Defined Benefit Plan Accumulated Other Comprehensive Income Increase Related To Change In Discount Rate Assumption
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8509000 USD
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DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
1108000 USD
CY2016 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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-1164000 USD
CY2016 sasr Defined Benefit Plan Accumulated Other Comprehensive Income Increase Related To Change In Discount Rate Assumption
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707000 USD
CY2016Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
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13689000 USD
CY2016Q4 sasr Defined Benefit Plan Accumulated Other Comprehensive Income Loss Applicable Tax Effect
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5433000 USD
CY2016Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses After Tax
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8256000 USD
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836000 USD
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14774000 USD
CY2014 sasr Defined Benefit Plan Net Periodic Pension Cost Not Yet Recognized
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14774000 USD
CY2016Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
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2520000 USD
CY2016Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
1920000 USD
CY2016Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
1950000 USD
CY2016Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
1680000 USD
CY2016Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
2580000 USD
CY2016Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureBenefitPaymentsRemainderOfFiscalYear
12900000 USD
CY2016 sasr Letter Of Credit Fees
LetterOfCreditFees
888000 USD
CY2015 sasr Letter Of Credit Fees
LetterOfCreditFees
790000 USD
CY2014 sasr Letter Of Credit Fees
LetterOfCreditFees
706000 USD
CY2016 sasr Extension Fees
ExtensionFees
559000 USD
CY2015 sasr Extension Fees
ExtensionFees
503000 USD
CY2014 sasr Extension Fees
ExtensionFees
560000 USD
CY2016 us-gaap Other Income
OtherIncome
5312000 USD
CY2015 us-gaap Other Income
OtherIncome
5521000 USD
CY2014 us-gaap Other Income
OtherIncome
4219000 USD
CY2016 us-gaap Professional Fees
ProfessionalFees
4840000 USD
CY2015 us-gaap Professional Fees
ProfessionalFees
4819000 USD
CY2014 us-gaap Professional Fees
ProfessionalFees
4544000 USD
CY2016 sasr Other Real Estate Owned
OtherRealEstateOwned
19000 USD
CY2015 sasr Other Real Estate Owned
OtherRealEstateOwned
76000 USD
CY2014 sasr Other Real Estate Owned
OtherRealEstateOwned
100000 USD
CY2016 us-gaap Postage Expense
PostageExpense
1155000 USD
CY2015 us-gaap Postage Expense
PostageExpense
1173000 USD
CY2014 us-gaap Postage Expense
PostageExpense
1286000 USD
CY2016 us-gaap Communication
Communication
1583000 USD
CY2015 us-gaap Communication
Communication
1587000 USD
CY2014 us-gaap Communication
Communication
1507000 USD
CY2016 us-gaap Other Expenses
OtherExpenses
9998000 USD
CY2015 us-gaap Other Expenses
OtherExpenses
10896000 USD
CY2014 us-gaap Other Expenses
OtherExpenses
10581000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
25194000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
23584000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
19523000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
3606000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
3457000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
3468000 USD
CY2016 sasr Effective Income Tax Rate Reconciliation Deduction Bank Owned Life Insurance
EffectiveIncomeTaxRateReconciliationDeductionBankOwnedLifeInsurance
862000 USD
CY2015 sasr Effective Income Tax Rate Reconciliation Deduction Bank Owned Life Insurance
EffectiveIncomeTaxRateReconciliationDeductionBankOwnedLifeInsurance
900000 USD
CY2014 sasr Effective Income Tax Rate Reconciliation Deduction Bank Owned Life Insurance
EffectiveIncomeTaxRateReconciliationDeductionBankOwnedLifeInsurance
855000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2687000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2182000 USD
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
113000 USD
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
200000 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
18699000 USD
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
17890000 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
13671000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4692000 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4140000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3103000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
23391000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
22030000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
16774000 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
516000 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
10000 USD
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
554000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-167000 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-13000 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
254000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
17517000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
16231000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
2034000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
1852000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
5433000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
5175000 USD
CY2016Q4 sasr Deferred Tax Assets Deferred Loan Fees And Costs
DeferredTaxAssetsDeferredLoanFeesAndCosts
457000 USD
CY2015Q4 sasr Deferred Tax Assets Deferred Loan Fees And Costs
DeferredTaxAssetsDeferredLoanFeesAndCosts
315000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
555000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
522000 USD
CY2016Q4 sasr Deferred Tax Assets Losses On Other Real Estate Owned
DeferredTaxAssetsLossesOnOtherRealEstateOwned
43000 USD
CY2015Q4 sasr Deferred Tax Assets Losses On Other Real Estate Owned
DeferredTaxAssetsLossesOnOtherRealEstateOwned
32000 USD
CY2016Q4 sasr Deferred Tax Assets Other Than Temporary Impairment
DeferredTaxAssetsOtherThanTemporaryImpairment
322000 USD
CY2015Q4 sasr Deferred Tax Assets Other Than Temporary Impairment
DeferredTaxAssetsOtherThanTemporaryImpairment
322000 USD
CY2016Q4 sasr Deferred Tax Assets Loan And Deposi Tpremium Or Discount
DeferredTaxAssetsLoanAndDeposiTpremiumOrDiscount
187000 USD
CY2015Q4 sasr Deferred Tax Assets Loan And Deposi Tpremium Or Discount
DeferredTaxAssetsLoanAndDeposiTpremiumOrDiscount
293000 USD
CY2016Q4 sasr Deferredtaxassetsreserveforrecourseloans
Deferredtaxassetsreserveforrecourseloans
199000 USD
CY2015Q4 sasr Deferredtaxassetsreserveforrecourseloans
Deferredtaxassetsreserveforrecourseloans
199000 USD
CY2016Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
9000 USD
CY2015Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
9000 USD
CY2016Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
26756000 USD
CY2015Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
24950000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
1065000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
4319000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
3550000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
1709000 USD
CY2016Q4 sasr Deferredtaxliabilitiesdepreciation
Deferredtaxliabilitiesdepreciation
1179000 USD
CY2015Q4 sasr Deferredtaxliabilitiesdepreciation
Deferredtaxliabilitiesdepreciation
1338000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
1721000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
1542000 USD
CY2016Q4 sasr Deferredtaxliabilitiesbondaccretion
Deferredtaxliabilitiesbondaccretion
133000 USD
CY2015Q4 sasr Deferredtaxliabilitiesbondaccretion
Deferredtaxliabilitiesbondaccretion
228000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
155000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
18000 USD
CY2016Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
7803000 USD
CY2015Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
9154000 USD
CY2016Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
18953000 USD
CY2015Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
15796000 USD
CY2016 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
24120000 shares
CY2015 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
24609000 shares
CY2014 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
25047000 shares
CY2016 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
24120000 shares
CY2015 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
24609000 shares
CY2014 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
25047000 shares
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
29000 shares
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
89000 shares
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
92000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24149000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24698000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25139000 shares
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3000 shares
CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7000 shares
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
56000 shares
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2970000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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-823000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
1932000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
36000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
5000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
770000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
14000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
2000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
1162000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
22000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
3000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-651000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
1736000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-9235000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-258000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
698000 USD
CY2015Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1218000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
15347000 USD
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EarningsPerShareBasic
0.45
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.52
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-3662000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-393000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
1038000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-5573000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2965000 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
49000 USD
CY2016Q4 sasr Concentration Risk Credit Risk Financial Instrument Commitments To Extend Credit
ConcentrationRiskCreditRiskFinancialInstrumentCommitmentsToExtendCredit
1473733000 USD
CY2015Q4 sasr Concentration Risk Credit Risk Financial Instrument Commitments To Extend Credit
ConcentrationRiskCreditRiskFinancialInstrumentCommitmentsToExtendCredit
1284200000 USD
CY2016Q4 sasr Impaired Financing Receivable Fair Value
ImpairedFinancingReceivableFairValue
19300000 USD
CY2015Q4 sasr Impaired Financing Receivable Fair Value
ImpairedFinancingReceivableFairValue
25500000 USD
CY2016Q4 sasr Impaired Financing Receivable With Specific Reserves
ImpairedFinancingReceivableWithSpecificReserves
4800000 USD
CY2015Q4 sasr Impaired Financing Receivable With Specific Reserves
ImpairedFinancingReceivableWithSpecificReserves
3400000 USD
CY2016Q4 us-gaap Assets Fair Value Disclosure Nonrecurring
AssetsFairValueDisclosureNonrecurring
10892000 USD
CY2015Q4 us-gaap Assets Fair Value Disclosure Nonrecurring
AssetsFairValueDisclosureNonrecurring
12091000 USD
CY2015 sasr Fair Value Measured On Nonrecurring Basis Losses
FairValueMeasuredOnNonrecurringBasisLosses
-10428000 USD
CY2016 sasr Fair Value Measured On Nonrecurring Basis Losses
FairValueMeasuredOnNonrecurringBasisLosses
-10707000 USD
CY2014Q4 us-gaap Assets
Assets
4397132000 USD
CY2016Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
41653000 USD
CY2016Q1 us-gaap Interest Expense
InterestExpense
5531000 USD
CY2016Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
36122000 USD
CY2016Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1236000 USD
CY2016Q1 us-gaap Noninterest Income
NoninterestIncome
13363000 USD
CY2016Q1 us-gaap Noninterest Expense
NoninterestExpense
32317000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
15932000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5119000 USD
CY2016Q1 us-gaap Net Income Loss
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10813000 USD
CY2016Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
41803000 USD
CY2016Q2 us-gaap Interest Expense
InterestExpense
5071000 USD
CY2016Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
36732000 USD
CY2016Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
2957000 USD
CY2016Q2 us-gaap Noninterest Income
NoninterestIncome
12751000 USD
CY2016Q2 us-gaap Noninterest Expense
NoninterestExpense
30871000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
15655000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5008000 USD
CY2016Q2 us-gaap Net Income Loss
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10647000 USD
CY2016Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
42857000 USD
CY2016Q3 us-gaap Interest Expense
InterestExpense
5126000 USD
CY2016Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
37731000 USD
CY2016Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
781000 USD
CY2016Q3 us-gaap Noninterest Income
NoninterestIncome
12584000 USD
CY2016Q3 us-gaap Noninterest Expense
NoninterestExpense
29326000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
20208000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6734000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
13474000 USD
CY2016Q4 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
44243000 USD
CY2016Q4 us-gaap Interest Expense
InterestExpense
5276000 USD
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InterestIncomeExpenseNet
38967000 USD
CY2016Q4 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
572000 USD
CY2016Q4 us-gaap Noninterest Income
NoninterestIncome
12344000 USD
CY2016Q4 us-gaap Noninterest Expense
NoninterestExpense
30544000 USD
CY2016Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
20195000 USD
CY2016Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6879000 USD
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
13316000 USD
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
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EarningsPerShareBasic
0.45
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0.44
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.56
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
CY2016 sasr Litigation Expense Recoveries
LitigationExpenseRecoveries
0 USD
CY2015 sasr Litigation Expense Recoveries
LitigationExpenseRecoveries
-3869000 USD
CY2014 sasr Litigation Expense Recoveries
LitigationExpenseRecoveries
6519000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
7600000 USD
CY2016Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Of Amounts Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateOfAmountsDueWithinOneYearOfBalanceSheetDate
0.0065 pure
CY2015Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Of Amounts Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateOfAmountsDueWithinOneYearOfBalanceSheetDate
0.0038 pure
CY2016Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate One To Two Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateOneToTwoYearsFromBalanceSheetDate
0.024 pure
CY2015Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate One To Two Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateOneToTwoYearsFromBalanceSheetDate
0.0348 pure
CY2016Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Two To Three Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateTwoToThreeYearsFromBalanceSheetDate
0.035 pure
CY2015Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Two To Three Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateTwoToThreeYearsFromBalanceSheetDate
0.0245 pure
CY2016Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Three To Four Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateThreeToFourYearsFromBalanceSheetDate
0.0354 pure
CY2015Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Three To Four Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateThreeToFourYearsFromBalanceSheetDate
0.035 pure
CY2016Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Four To Five Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateFourToFiveYearsFromBalanceSheetDate
0.0349 pure
CY2015Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Four To Five Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateFourToFiveYearsFromBalanceSheetDate
0.0354 pure
CY2016Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate After Five Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateAfterFiveYearsFromBalanceSheetDate
0 pure
CY2015Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate After Five Years From Balance Sheet Date
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0.0349 pure
CY2016Q4 sasr Federal Home Loan Bank Advances Maturities Summary Average Interest Rate
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRate
0.016 pure
CY2015Q4 sasr Federal Home Loan Bank Advances Maturities Summary Average Interest Rate
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRate
0.0198 pure
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.4154 pure
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
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0.4298 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
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0.4678 pure
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0142 pure
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0142 pure
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0156 pure
CY2016 us-gaap Defined Benefit Plan Target Plan Asset Allocations
DefinedBenefitPlanTargetPlanAssetAllocations
1 pure
CY2015 us-gaap Defined Benefit Plan Target Plan Asset Allocations
DefinedBenefitPlanTargetPlanAssetAllocations
1 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 pure
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0.35 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.05 pure
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EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.051 pure
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EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.062 pure
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EffectiveIncomeTaxRateReconciliationDeductionBankOwnedLifeInsurancePercent
0.011 pure
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EffectiveIncomeTaxRateReconciliationDeductionBankOwnedLifeInsurancePercent
0.013 pure
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EffectiveIncomeTaxRateReconciliationDeductionBankOwnedLifeInsurancePercent
0.015 pure
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EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.041 pure
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EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.04 pure
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EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.039 pure
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EffectiveIncomeTaxRateReconciliationOtherAdjustments
0 pure
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EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001 pure
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EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.004 pure
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EffectiveIncomeTaxRateContinuingOperations
0.33 pure
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.327 pure
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0.316 pure
CY2016 dei Document Type
DocumentType
10-K
CY2016 dei Amendment Flag
AmendmentFlag
false
CY2015Q4 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
25078000 USD
CY2015Q4 us-gaap Held To Maturity Securities Debt Maturities Single Maturity Date Amortized Cost Basis
HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
208265000 USD
CY2015Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
853000 USD
CY2015Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
20041000 USD
CY2015Q4 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
165620000 USD
CY2015Q4 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
208265000 USD
CY2016 dei Document Period End Date
DocumentPeriodEndDate
2016-12-31
CY2016 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
CY2016 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2016 dei Trading Symbol
TradingSymbol
SASR
CY2017Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
23919354 shares
CY2016 dei Entity Registrant Name
EntityRegistrantName
SANDY SPRING BANCORP INC
CY2016 dei Entity Central Index Key
EntityCentralIndexKey
0000824410
CY2016 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2016 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2016 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2016 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2016 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2016Q2 dei Entity Public Float
EntityPublicFloat
682000000 USD
CY2016Q4 sasr Retail Repurchase Agreements Interest Rate
RetailRepurchaseAgreementsInterestRate
0.0024 pure
CY2015Q4 sasr Retail Repurchase Agreements Interest Rate
RetailRepurchaseAgreementsInterestRate
0.0023 pure
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RetailRepurchaseAgreementsInterestRate
0.0024 pure
CY2016Q4 sasr Retail Repurchase Agreements Average Interest Rate
RetailRepurchaseAgreementsAverageInterestRate
0.0024 pure
CY2015Q4 sasr Retail Repurchase Agreements Average Interest Rate
RetailRepurchaseAgreementsAverageInterestRate
0.0023 pure
CY2014Q4 sasr Retail Repurchase Agreements Average Interest Rate
RetailRepurchaseAgreementsAverageInterestRate
0.0023 pure
CY2015 us-gaap Net Income Loss
NetIncomeLoss
45355000 USD
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OtherComprehensiveIncomeLossNetOfTax
-474000 USD
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DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0415 pure
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0.0426 pure
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0.0391 pure
CY2016Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
13222000 USD
CY2015Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
15457000 USD
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2016 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2016Q4 us-gaap Compensating Balance Amount
CompensatingBalanceAmount
40500000 USD
CY2015Q4 us-gaap Compensating Balance Amount
CompensatingBalanceAmount
37200000 USD
CY2016Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
730845000 USD
CY2016Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
10097000 USD
CY2016Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
7388000 USD
CY2015Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
581162000 USD
CY2015Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
14833000 USD
CY2015Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
3946000 USD
CY2016Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
358654000 USD
CY2016Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
7043000 USD
CY2016Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
345000 USD
CY2016Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
7388000 USD
CY2015Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
220134000 USD
CY2015Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1736000 USD
CY2015Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
2210000 USD
CY2015Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
3946000 USD
CY2015Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
4320000 USD
CY2015Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
881000 USD
CY2015Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
68096000 USD
CY2015Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
479000 USD
CY2015Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
402000 USD
CY2015Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
881000 USD
CY2015Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
845000 USD
CY2015Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
19217000 USD
CY2015Q4 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
163125000 USD
CY2016 us-gaap Defined Benefit Plan Investment Strategies Investment Fund Category
DefinedBenefitPlanInvestmentStrategiesInvestmentFundCategory
Investment strategies and asset allocations are based on careful consideration of plan liabilities, the plan’s funded status and the Company’s financial condition. Investment performance and asset allocation are measured and monitored on an ongoing basis. The current target allocations for plan assets are 50-70% for equity securities, 30-40% for fixed income securities and 0-10% for cash equivalents. This asset allocation has been set after taking into consideration the Plan’s current frozen status and the possibility of partial plan terminations over the intermediate term. Market volatility risk is controlled by limiting the asset allocation of the most volatile asset class, equities, to no more than 70% of the portfolio and by ensuring that there is sufficient liquidity to meet distribution requirements from the portfolio without disrupting long-term assets. Diversification of the equity portion of the portfolio is controlled by limiting the value of any initial acquisition so that it does not exceed 5% of the market value of the portfolio when purchased. The policy requires the sale of any portion of an equity position when its value exceeds 10% of the portfolio. Fixed income market volatility risk is managed by limiting the term of fixed income investments to five years. Fixed income investments must carry an “A” or better rating by a recognized credit rating agency. Corporate debt of a single issuer may not exceed 10% of the market value of the portfolio. The investment in derivative instruments such as “naked” call options, futures, commodities, and short selling is prohibited. Investment in equity index funds and the writing of “covered” call options (a conservative strategy to increase portfolio income) are permitted. Foreign currency-denominated debt instruments are not permitted. At December 31, 2016, management is of the opinion that there are no significant concentrations of risk in the assets of the plan with respect to any single entity, industry, country, commodity or investment fund that are not otherwise mitigated by FDIC insurance available to the participants of the plan and collateral pledged for any such amount that may not be covered by FDIC insurance. Investment performance is measured against industry accepted benchmarks. The risk tolerance and asset allocation limitations imposed by the policy are consistent with attaining the rate of return assumptions used in the actuarial funding calculations. The RPIC committee meets quarterly to review the activities of the investment managers to ensure adherence with the Investment Policy Statement.
CY2015Q4 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
25190000 USD
CY2016Q4 us-gaap Pledged Financial Instruments Not Separately Reported Mortgage Related Securities Available For Sale Or Held For Investment
PledgedFinancialInstrumentsNotSeparatelyReportedMortgageRelatedSecuritiesAvailableForSaleOrHeldForInvestment
453000000 USD
CY2015Q4 us-gaap Pledged Financial Instruments Not Separately Reported Mortgage Related Securities Available For Sale Or Held For Investment
PledgedFinancialInstrumentsNotSeparatelyReportedMortgageRelatedSecuritiesAvailableForSaleOrHeldForInvestment
233200000 USD
CY2015Q4 us-gaap Pledged Financial Instruments Not Separately Reported Mortgage Related Securities Held To Maturity
PledgedFinancialInstrumentsNotSeparatelyReportedMortgageRelatedSecuritiesHeldToMaturity
194300000 USD
CY2016Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
14762000 USD
CY2016Q4 sasr Loans And Leases Receivable Current
LoansAndLeasesReceivableCurrent
3883835000 USD
CY2015Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
11787000 USD
CY2015Q4 sasr Loans And Leases Receivable Current
LoansAndLeasesReceivableCurrent
3453552000 USD
CY2016 sasr Financing Receivable Troubled Debt Restructurings Restructured Accruing
FinancingReceivableTroubledDebtRestructuringsRestructuredAccruing
600000 USD
CY2015 sasr Financing Receivable Troubled Debt Restructurings Restructured Accruing
FinancingReceivableTroubledDebtRestructuringsRestructuredAccruing
1900000 USD
CY2016Q4 sasr Time Deposit Maturities After Year Four1
TimeDepositMaturitiesAfterYearFour1
29640000 USD
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0.0348 pure
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0.034 pure
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0.0304 pure
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
90375000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
50830000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
53664000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-422993000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-291915000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-262337000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
13273000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
22624000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
910000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
393861000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
217750000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
230463000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
1979000 USD
CY2015Q4 sasr Other Held To Maturity Securities And Other Equity Securities
OtherHeldToMaturitySecuritiesAndOtherEquitySecurities
249601000 USD
CY2015Q4 us-gaap Loans Receivable Net
LoansReceivableNet
3454475000 USD
CY2015Q4 us-gaap Interest Receivable And Other Assets
InterestReceivableAndOtherAssets
90866000 USD
CY2015Q4 us-gaap Time Deposits
TimeDeposits
508444000 USD
CY2016Q4 sasr Other Held To Maturity Securities And Other Equity Securities
OtherHeldToMaturitySecuritiesAndOtherEquitySecurities
46094000 USD
CY2016Q4 us-gaap Loans Receivable Net
LoansReceivableNet
3883741000 USD
CY2016Q4 us-gaap Interest Receivable And Other Assets
InterestReceivableAndOtherAssets
93328000 USD
CY2016 dei Entity Listing Par Value Per Share
EntityListingParValuePerShare
1
CY2016 sasr Stock Issued During Period Shares Director Stock Purchase Plan
StockIssuedDuringPeriodSharesDirectorStockPurchasePlan
258 shares
CY2016 us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
512459 shares
CY2015 us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
870450 shares
CY2016 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-417000 USD
CY2016 us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
13273000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-1030000 USD
CY2016 us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<div><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Derivative Financial Instruments</font></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Derivative Loan Commitments</font></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Mortgage loan commitments are derivative loan commitments if the loan that will result from exercise of the commitment</font><font style='font-family:Times New Roman;font-size:10pt;' > will be held for sale upon funding. Derivative loan commitments are recognized at fair value on the consolidated statements of condition in other assets or other liabilities with changes in their fair values recorded as a component of mortgage banking ac</font><font style='font-family:Times New Roman;font-size:10pt;' >tivities in the consolidated statements of income.</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Mortgage l</font><font style='font-family:Times New Roman;font-size:10pt;' >oan commitments are issued to borrowers. Subsequent to commitment date, changes in the fair value of the loan commitment are recognized based on changes in the fair value of the underlying mort</font><font style='font-family:Times New Roman;font-size:10pt;' >gage loan due to interest rate changes, changes in the probability the derivative loan commitment will be exercised, and the passage of time. In estimating fair value, a probability is assigned to a loan commitment based on an expectation that it will be </font><font style='font-family:Times New Roman;font-size:10pt;' >exercised and the loan will be funded.</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Forward Loan Sale Commitments</font></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Loan sales agreements are evaluated to determine whether they meet the definition of a derivative as facts and circumstances may differ significantly. If agreements qualify, to protect </font><font style='font-family:Times New Roman;font-size:10pt;' >against the price risk inherent in derivative loan commitments, the Company utilizes both &#8220;mandatory delivery&#8221; and &#8220;best efforts&#8221; forward loan sale commitments to mitigate the risk of potential decreases in the values of loans that would result from the ex</font><font style='font-family:Times New Roman;font-size:10pt;' >ercise of the derivative loan commitments. Mandatory delivery contracts are accounted for as derivative instruments. Generally, best efforts contracts also meet the definition of derivative instruments after the loan to the borrower has closed. Accordingl</font><font style='font-family:Times New Roman;font-size:10pt;' >y, forward loan sale commitments that economically hedge the closed loan inventory are recognized at fair value on the consolidated statements of condition in other assets or other liabilities with changes in their fair values recorded as a component of mo</font><font style='font-family:Times New Roman;font-size:10pt;' >rtgage banking activities in the consolidated statements of income. The Company estimates the fair value of its forward loan sales commitments using a methodology similar to that used for derivative loan commitments.</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Interest Rate Swap Agreements</font></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Com</font><font style='font-family:Times New Roman;font-size:10pt;' >pany enters into interest rate swaps (&#8220;swaps&#8221;) with loan customers to provide a facility to mitigate the fluctuations in the variable rate on the respective loans. These swaps are matched in exact offsetting terms to swaps that the Company enters into wit</font><font style='font-family:Times New Roman;font-size:10pt;' >h an outside third party. The swaps are reported at fair value in other assets or other liabilities. The Company&#39;s swaps qualify as derivatives, but are not designated as hedging instruments, thus any net gain or loss resulting from changes in the fair va</font><font style='font-family:Times New Roman;font-size:10pt;' >lue is recognized in other non-interest income. Further discussion of the Company&#39;s financial derivatives is set forth</font><font style='font-family:Times New Roman;font-size:10pt;' > in</font><font style='font-family:Times New Roman;font-size:10pt;' > Note </font><font style='font-family:Times New Roman;font-size:10pt;' >18 </font><font style='font-family:Times New Roman;font-size:10pt;' >to the Consolidated Financial Statements. </font></p><p style='text-align:justify;line-height:12pt;' ></p></div>
CY2015 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
602000 USD
CY2015 sasr Stock Issued During Period Value Director Stock Purchase Plan
StockIssuedDuringPeriodValueDirectorStockPurchasePlan
22000 USD
CY2015 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
566000 USD
CY2015 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-353000 USD
CY2015 us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
22624000 USD
CY2016 us-gaap Dividends Common Stock
DividendsCommonStock
23676000 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2264000 USD
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
716000 USD
CY2016 sasr Stock Issued During Period Value Director Stock Purchase Plan
StockIssuedDuringPeriodValueDirectorStockPurchasePlan
7000 USD
CY2016Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
232000 USD
CY2015Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
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786000 USD
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0 USD
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7720000 USD
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0 USD
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0 USD
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