2017 Q3 Form 10-Q Financial Statement

#000082441017000011 Filed on August 04, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2017 Q2 2016 Q2
Revenue $49.59M $48.58M $41.80M
YoY Change 15.71% 16.2% 7.6%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.900M $2.000M $2.000M
YoY Change -5.0% 0.0% 11.11%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $6.892M $6.250M $5.071M
YoY Change 34.45% 23.25% 3.15%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $23.32M $21.71M $15.66M
YoY Change 15.39% 38.66% 2.01%
Income Tax $8.229M $6.966M $5.008M
% Of Pretax Income 35.29% 32.09% 31.99%
Net Earnings $15.09M $14.74M $10.65M
YoY Change 11.99% 38.45% 3.04%
Net Earnings / Revenue 30.43% 30.35% 25.47%
Basic Earnings Per Share $0.62 $0.61 $0.45
Diluted Earnings Per Share $0.62 $0.61 $0.44
COMMON SHARES
Basic Shares Outstanding 23.99M shares 23.97M shares 23.86M shares
Diluted Shares Outstanding 24.22M shares 24.26M shares 24.11M shares

Balance Sheet

Concept 2017 Q3 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $142.0M $118.3M $127.9M
YoY Change 5.97% -7.48% 2.13%
Cash & Equivalents $102.2M $76.94M $93.57M
Short-Term Investments $39.85M $41.41M $34.34M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $54.11M $53.00M $53.06M
YoY Change 1.41% -0.1% 2.03%
Goodwill $85.77M $84.17M
YoY Change 0.0%
Intangibles $604.0K $77.00K
YoY Change -15.64%
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 $5.335B $5.271B $4.739B
YoY Change 10.9% 11.21% 5.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.00M $33.00M $37.00M
YoY Change 6.06% -10.81% -15.91%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $147.0M $127.0M $118.0M
YoY Change 18.55% 7.63% 5.36%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $35.00M $33.00M $37.00M
YoY Change 6.06% -10.81% -15.91%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $30.00M
YoY Change -100.0% -100.0% -14.29%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $30.00M
YoY Change -100.0% -100.0% -14.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $35.00M $33.00M $37.00M
Total Long-Term Liabilities $0.00 $0.00 $30.00M
Total Liabilities $4.770B $4.716B $4.210B
YoY Change 11.61% 12.02% 5.55%
SHAREHOLDERS EQUITY
Retained Earnings $376.5M $367.7M $335.7M
YoY Change 9.65% 9.54% 7.11%
Common Stock $191.4M $190.7M $187.9M
YoY Change 1.39% 1.48% -8.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $564.5M $555.0M $529.5M
YoY Change
Total Liabilities & Shareholders Equity $5.335B $5.271B $4.739B
YoY Change 10.9% 11.21% 5.15%

Cashflow Statement

Concept 2017 Q3 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $15.09M $14.74M $10.65M
YoY Change 11.99% 38.45% 3.04%
Depreciation, Depletion And Amortization $1.900M $2.000M $2.000M
YoY Change -5.0% 0.0% 11.11%
Cash From Operating Activities $16.80M $6.000M $27.90M
YoY Change 37.7% -78.49% 179.0%
INVESTING ACTIVITIES
Capital Expenditures -$2.200M -$1.300M -$1.100M
YoY Change 29.41% 18.18% -31.25%
Acquisitions
YoY Change
Other Investing Activities -$35.80M -$90.30M -$101.3M
YoY Change -48.34% -10.86% 4.87%
Cash From Investing Activities -$37.90M -$91.60M -$102.5M
YoY Change -46.62% -10.63% 4.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 46.40M 60.60M 8.800M
YoY Change -26.81% 588.64% -90.89%
NET CHANGE
Cash From Operating Activities 16.80M 6.000M 27.90M
Cash From Investing Activities -37.90M -91.60M -102.5M
Cash From Financing Activities 46.40M 60.60M 8.800M
Net Change In Cash 25.30M -25.00M -65.80M
YoY Change 450.0% -62.01% -874.12%
FREE CASH FLOW
Cash From Operating Activities $16.80M $6.000M $27.90M
Capital Expenditures -$2.200M -$1.300M -$1.100M
Free Cash Flow $19.00M $7.300M $29.00M
YoY Change 36.69% -74.83% 150.0%

Facts In Submission

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CY2017Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
5772000 USD
CY2017Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
823000 USD
CY2017Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
25000 USD
CY2017Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
5630000 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
CY2017Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.26
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
4003000 USD
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
1593000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1645000 USD
CY2017Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
118000 USD
CY2017Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
177000 USD
CY2017Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
16563000 USD
CY2017Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
410000 USD
CY2017Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
496000 USD
CY2017Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
209000 USD
CY2017Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
292426000 USD
CY2017Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
4946000 USD
CY2017Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
205000 USD
CY2017Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
5151000 USD
CY2017Q2 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
63 Securities
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 Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
7388000 USD
CY2016Q4 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
103 Securities
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
336000 USD
CY2017Q2 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
4133171000 USD
CY2016Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
44067000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2272000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
568000 USD
sasr Financing Receivable Allowance For Credit Losses Net Charge Offs
FinancingReceivableAllowanceForCreditLossesNetChargeOffs
1704000 USD
CY2017Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
45079000 USD
CY2016 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
3134000 USD
CY2016 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
760000 USD
CY2016 sasr Financing Receivable Allowance For Credit Losses Net Charge Offs
FinancingReceivableAllowanceForCreditLossesNetChargeOffs
2374000 USD
CY2017Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
24603000 USD
CY2017Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
4108568000 USD
CY2017Q2 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
39307000 USD
CY2016Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
24092000 USD
CY2017Q2 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
428000 USD
CY2017Q2 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
2569000 USD
CY2017Q2 sasr Financing Receivable Recorded Investment Nonperforming
FinancingReceivableRecordedInvestmentNonperforming
32200000 USD
CY2017Q2 sasr Loans And Leases Receivable Current
LoansAndLeasesReceivableCurrent
4084605000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
3967000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1052000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-692000 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
CY2017Q2 sasr Allowance For Loans And Leases To Total Loans And Leases Ratio
AllowanceForLoansAndLeasesToTotalLoansAndLeasesRatio
0.0109 pure
CY2017Q2 sasr Percentage Of Credit Loss Allowance To Loans
PercentageOfCreditLossAllowanceToLoans
0.2346 pure
sasr Percentage Allowance On Losses
PercentageAllowanceOnLosses
0.0096 pure
CY2017Q2 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
14193000 USD
CY2017Q2 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
10410000 USD
CY2017Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
24603000 USD
sasr Loans And Leases Receivable Impaired Contractual Interest Income
LoansAndLeasesReceivableImpairedContractualInterestIncome
1281000 USD
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
415000 USD
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
134000 USD
CY2016 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
26382000 USD
CY2016 sasr Loans And Leases Receivable Impaired Contractual Interest Income
LoansAndLeasesReceivableImpairedContractualInterestIncome
2082000 USD
CY2016 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
511000 USD
CY2016 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
186000 USD
CY2016Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
4825000 USD
CY2016Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
39016000 USD
CY2017Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
29203000 USD
CY2017Q2 sasr Nonperforming Assets
NonperformingAssets
33660000 USD
CY2016Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
29211000 USD
CY2016Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
232000 USD
CY2016Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
2489000 USD
CY2016Q4 sasr Financing Receivable Recorded Investment Nonperforming
FinancingReceivableRecordedInvestmentNonperforming
31932000 USD
CY2016Q4 sasr Nonperforming Assets
NonperformingAssets
33843000 USD
CY2016Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
14762000 USD
CY2016Q4 sasr Loans And Leases Receivable Current
LoansAndLeasesReceivableCurrent
3883835000 USD
CY2017Q2 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
19363000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-540000 USD
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
70736000 USD
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
79489000 USD
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
1443000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
17000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
321000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1506000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-4069000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-3605000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
40267000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
4681000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
115028000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
2251000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
0 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
70361000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
223705000 USD
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
759000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2395000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-244854000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
307901000 USD
us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
2193000 USD
us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
2220000000 USD
us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
2340000000 USD
us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
30000000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
817000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
12561000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
147398000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-57189000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
134125000 USD
us-gaap Interest Paid
InterestPaid
12391000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
575000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
16287000 USD
sasr Transfer Of Investments Held To Maturity To Available For Sale Securities
TransferOfInvestmentsHeldToMaturityToAvailableForSaleSecurities
0 USD
sasr Transfer From Loans To Residential Mortgage Loans Held For Sale
TransferFromLoansToResidentialMortgageLoansHeldForSale
18053000 USD
sasr Loans Transferred From Loans To Other Real Estate Owned
LoansTransferredFromLoansToOtherRealEstateOwned
288000 USD
CY2017Q2 sasr Defined Benefit Plan Recognized Net Actuarial Loss
DefinedBenefitPlanRecognizedNetActuarialLoss
295000 USD
us-gaap Net Income Loss
NetIncomeLoss
29853000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2902000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
5505000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
2191000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
1275000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
508000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
590000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
235000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
355000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
32755000 USD
us-gaap Net Income Loss
NetIncomeLoss
21460000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7183000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
13253000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
5263000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
1919000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
765000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
6836000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
228000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
347000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
28643000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
4193000 USD
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
1919000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1516000 USD
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
1275000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
82970000 USD
us-gaap Interest And Fee Income Loans And Leases Held For Sale
InterestAndFeeIncomeLoansAndLeasesHeldForSale
154000 USD
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
181000 USD
us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
7162000 USD
us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
4057000 USD
us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
10000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
94534000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
5511000 USD
us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
155000 USD
us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
6277000 USD
us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
12000 USD
us-gaap Interest Expense
InterestExpense
11955000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
82579000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
81063000 USD
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
3981000 USD
sasr Mortgage Banking Income
MortgageBankingIncome
1448000 USD
us-gaap Asset Management Fees1
AssetManagementFees1
9228000 USD
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
2974000 USD
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
1199000 USD
us-gaap Fees And Commissions Credit Cards
FeesAndCommissionsCreditCards
2398000 USD
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
3700000 USD
us-gaap Noninterest Income
NoninterestIncome
26203000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
36083000 USD
us-gaap Occupancy Net
OccupancyNet
6613000 USD
us-gaap Equipment Expense
EquipmentExpense
3491000 USD
us-gaap Marketing Expense
MarketingExpense
1439000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
2759000 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
1628000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
51000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
44417000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14564000 USD
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.23
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.52
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
73134000 USD
us-gaap Interest And Fee Income Loans And Leases Held For Sale
InterestAndFeeIncomeLoansAndLeasesHeldForSale
198000 USD
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
107000 USD
us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
6126000 USD
us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
3889000 USD
us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
2000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
83456000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
3878000 USD
us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
138000 USD
us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
6113000 USD
us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
473000 USD
us-gaap Interest Expense
InterestExpense
10602000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
72854000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
68661000 USD
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
3859000 USD
sasr Mortgage Banking Income
MortgageBankingIncome
1641000 USD
us-gaap Asset Management Fees1
AssetManagementFees1
8853000 USD
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
2394000 USD
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
1230000 USD
us-gaap Fees And Commissions Credit Cards
FeesAndCommissionsCreditCards
2309000 USD
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
3909000 USD
us-gaap Noninterest Income
NoninterestIncome
26114000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
35451000 USD
us-gaap Occupancy Net
OccupancyNet
6635000 USD
us-gaap Equipment Expense
EquipmentExpense
3357000 USD
us-gaap Marketing Expense
MarketingExpense
1343000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
2718000 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
1286000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
60000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
12338000 USD
us-gaap Noninterest Expense
NoninterestExpense
63188000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
31587000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10127000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.9
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.89
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.48
CY2017Q2 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
33047000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
824000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
320000 USD
sasr Financing Receivable Allowance For Credit Losses Net Charge Offs
FinancingReceivableAllowanceForCreditLossesNetChargeOffs
504000 USD
us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
23920000 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
23920000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
246000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24166000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6000 shares
us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
24164000 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
24164000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
95000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24259000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3000 shares
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
826000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
747000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
654000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
820000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
992000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
418000 USD
sasr Defined Benefit Plan Recognized Net Actuarial Loss
DefinedBenefitPlanRecognizedNetActuarialLoss
590000 USD
CY2017Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
987000 USD
us-gaap Proceeds From Sale Of Loans And Leases Held For Investment
ProceedsFromSaleOfLoansAndLeasesHeldForInvestment
18222000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
952000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
291000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
27284 shares
sasr Stock Issued During Period Value Director Stock Purchase Plan
StockIssuedDuringPeriodValueDirectorStockPurchasePlan
16000 USD
sasr Stock Issued During Period Shares Director Stock Purchase Plan
StockIssuedDuringPeriodSharesDirectorStockPurchasePlan
258 shares
sasr Business Acquisition Name Of Combined Entity
BusinessAcquisitionNameOfCombinedEntity
Maryland corporation
sasr Expected Period To Close Acquisition Transaction
ExpectedPeriodToCloseAcquisitionTransaction
The transaction, which is expected to close in the fourth quarter of 2017
CY2017Q2 sasr Common Stock Ratio Of Parent And Acquiree Stock
CommonStockRatioOfParentAndAcquireeStock
0.8713 pure
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
24190000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
13.42
CY2016Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
37760000 USD
us-gaap Business Combination Contingent Consideration Arrangements Description
BusinessCombinationContingentConsiderationArrangementsDescription
Under the terms of the agreement, WashingtonFirst shareholders are expected to receive 0.8713 shares of Company common stock for each share owned of WashingtonFirst common stock, subject to adjustment if the Company’s average stock price during a specified measurement period prior to closing is more than $50.15 or less than $37.07 per share.

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