2015 Q2 Form 10-Q Financial Statement

#000071456215000027 Filed on May 08, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2015 Q1 2014 Q1
Revenue $26.98M $27.08M $28.82M
YoY Change -4.05% -6.06% -0.41%
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 $1.370M $1.440M $1.350M
YoY Change -13.84% 6.67% 0.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.053M $1.083M $1.682M
YoY Change -30.22% -35.61% -39.26%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $9.242M $10.61M $11.59M
YoY Change -25.93% -8.41% 7.0%
Income Tax $2.319M $2.852M $3.757M
% Of Pretax Income 25.09% 26.87% 32.42%
Net Earnings $6.923M $7.761M $7.831M
YoY Change -18.44% -0.89% 1.79%
Net Earnings / Revenue 25.66% 28.66% 27.17%
Basic Earnings Per Share
Diluted Earnings Per Share $536.4K $599.2K $586.5K
COMMON SHARES
Basic Shares Outstanding 12.95M shares 12.94M shares 13.36M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q2 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $60.61M $60.61M $83.99M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $50.35M $50.97M $50.66M
YoY Change -2.72% 0.62% 8.01%
Goodwill $39.49M $39.49M $39.49M
YoY Change 0.0% 0.0%
Intangibles $3.572M $3.685M $4.656M
YoY Change -18.6% -20.85%
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 $2.974B $2.996B $3.033B
YoY Change -1.98% -1.21% 2.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $84.80M $28.50M $35.70M
YoY Change 15.53% -20.17% -10.75%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $84.80M $28.50M $35.70M
YoY Change 15.53% -20.17% -10.75%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $80.60M $81.60M $52.30M
YoY Change 37.78% 56.02% -36.37%
Total Long-Term Liabilities $80.60M $81.60M $52.30M
YoY Change 37.78% 56.02% -36.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $84.80M $28.50M $35.70M
Total Long-Term Liabilities $80.60M $81.60M $52.30M
Total Liabilities $2.575B $2.587B $2.633B
YoY Change -2.03% -1.76% 1.8%
SHAREHOLDERS EQUITY
Retained Earnings $386.4M $385.7M $364.9M
YoY Change 5.32% 5.7%
Common Stock $74.56M $74.39M $73.13M
YoY Change 1.63% 1.73%
Preferred Stock
YoY Change
Treasury Stock (at cost) $47.82M $43.79M $30.16M
YoY Change 58.55% 45.19%
Treasury Stock Shares 1.724M shares 1.606M shares 1.183M shares
Shareholders Equity $399.1M $409.0M $399.3M
YoY Change
Total Liabilities & Shareholders Equity $2.974B $2.996B $3.033B
YoY Change -1.98% -1.21% 2.28%

Cashflow Statement

Concept 2015 Q2 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $6.923M $7.761M $7.831M
YoY Change -18.44% -0.89% 1.79%
Depreciation, Depletion And Amortization $1.370M $1.440M $1.350M
YoY Change -13.84% 6.67% 0.0%
Cash From Operating Activities $6.890M $13.37M $13.70M
YoY Change -33.94% -2.41% -14.16%
INVESTING ACTIVITIES
Capital Expenditures -$530.0K $387.0K $273.0K
YoY Change -78.19% 41.76% -60.55%
Acquisitions
YoY Change
Other Investing Activities -$19.39M $17.13M $2.100M
YoY Change -566.11% 715.71% -102.46%
Cash From Investing Activities -$19.92M $16.74M $1.830M
YoY Change -1258.14% 814.75% -102.13%
FINANCING ACTIVITIES
Cash Dividend Paid $6.560M $6.405M
YoY Change 2.42% 0.42%
Common Stock Issuance & Retirement, Net $4.027M $345.0K $357.0K
YoY Change -3.36% 120.37%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -14.84M -19.73M -2.570M
YoY Change 30.52% 667.7% -104.2%
NET CHANGE
Cash From Operating Activities 6.890M 13.37M 13.70M
Cash From Investing Activities -19.92M 16.74M 1.830M
Cash From Financing Activities -14.84M -19.73M -2.570M
Net Change In Cash -27.87M 10.38M 12.96M
YoY Change -3673.08% -19.91% -246.77%
FREE CASH FLOW
Cash From Operating Activities $6.890M $13.37M $13.70M
Capital Expenditures -$530.0K $387.0K $273.0K
Free Cash Flow $7.420M $12.98M $13.43M
YoY Change -42.3% -3.31% -12.06%

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CY2015Q1 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
430000 USD
CY2014Q4 us-gaap Federal Funds Purchased
FederalFundsPurchased
21192000 USD
CY2015Q1 us-gaap Federal Funds Purchased
FederalFundsPurchased
2570000 USD
CY2014Q4 us-gaap Federal Funds Sold
FederalFundsSold
8000000 USD
CY2015Q1 us-gaap Federal Funds Sold
FederalFundsSold
12688000 USD
CY2014Q4 us-gaap Federal Home Loan Bank Advances Branch Of Fhlb Bank Amount Of Advances By Branch
FederalHomeLoanBankAdvancesBranchOfFHLBBankAmountOfAdvancesByBranch
12886000 USD
CY2015Q1 us-gaap Federal Home Loan Bank Advances Branch Of Fhlb Bank Amount Of Advances By Branch
FederalHomeLoanBankAdvancesBranchOfFHLBBankAmountOfAdvancesByBranch
12812000 USD
CY2014Q1 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
2484000 USD
CY2015Q1 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
2326000 USD
CY2014Q1 us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
1489000 USD
CY2015Q1 us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
1492000 USD
CY2014Q1 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
2839000 USD
CY2015Q1 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
2838000 USD
CY2014Q4 us-gaap Financing Receivable Acquired With Deteriorated Credit Quality
FinancingReceivableAcquiredWithDeterioratedCreditQuality
6518000 USD
CY2015Q1 us-gaap Financing Receivable Acquired With Deteriorated Credit Quality
FinancingReceivableAcquiredWithDeterioratedCreditQuality
6549000 USD
CY2014Q4 us-gaap Financing Receivable Allowance For Credit Losses Acquired With Deteriorated Credit Quality
FinancingReceivableAllowanceForCreditLossesAcquiredWithDeterioratedCreditQuality
280000 USD
CY2015Q1 us-gaap Financing Receivable Allowance For Credit Losses Acquired With Deteriorated Credit Quality
FinancingReceivableAllowanceForCreditLossesAcquiredWithDeterioratedCreditQuality
263000 USD
CY2014Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
16648000 USD
CY2015Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
17531000 USD
CY2014Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
1911000 USD
CY2015Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
1557000 USD
CY2014Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
776000 USD
CY2015Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
885000 USD
CY2014Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2161000 USD
CY2015Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1823000 USD
CY2014Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1767701000 USD
CY2015Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1741555000 USD
CY2014Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
14606000 USD
CY2015Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
14851000 USD
CY2013Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
21285000 USD
CY2014Q1 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
14325000 USD
CY2014Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
14758000 USD
CY2015Q1 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
15028000 USD
CY2014Q4 us-gaap Financing Receivable Recorded Investment30 To59 Days Past Due
FinancingReceivableRecordedInvestment30To59DaysPastDue
12277000 USD
CY2015Q1 us-gaap Financing Receivable Recorded Investment30 To59 Days Past Due
FinancingReceivableRecordedInvestment30To59DaysPastDue
7459000 USD
CY2014Q4 us-gaap Financing Receivable Recorded Investment60 To89 Days Past Due
FinancingReceivableRecordedInvestment60To89DaysPastDue
2145000 USD
CY2015Q1 us-gaap Financing Receivable Recorded Investment60 To89 Days Past Due
FinancingReceivableRecordedInvestment60To89DaysPastDue
996000 USD
CY2014Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
1768416000 USD
CY2015Q1 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
1748650000 USD
CY2014Q4 us-gaap Financing Receivable Recorded Investment Equal To Greater Than90 Days Past Due
FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDue
5987000 USD
CY2015Q1 us-gaap Financing Receivable Recorded Investment Equal To Greater Than90 Days Past Due
FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDue
5850000 USD
CY2014Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
20409000 USD
CY2015Q1 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
14305000 USD
CY2014Q1 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
1089000 USD
CY2015Q1 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
102000 USD
CY2014Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
376000 USD
CY2015Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
359000 USD
CY2014Q1 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
0 USD
CY2015Q1 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
4000 USD
CY2014Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-47000 USD
CY2015Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
32000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
39489000 USD
CY2015Q1 us-gaap Goodwill
Goodwill
39489000 USD
CY2014Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
17918000 USD
CY2014 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
16732000 USD
CY2015Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
14730000 USD
CY2014Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
0 USD
CY2014 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
0 USD
CY2015Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
0 USD
CY2014Q1 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
0 USD
CY2014 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
0 USD
CY2015Q1 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
0 USD
CY2014Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
14606000 USD
CY2015Q1 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
14851000 USD
CY2014Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
1911000 USD
CY2015Q1 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
1557000 USD
CY2014Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
16394000 USD
CY2015Q1 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
16658000 USD
CY2014Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
11477000 USD
CY2015Q1 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
12787000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11588000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10613000 USD
CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3757000 USD
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2852000 USD
CY2014Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
48070000 USD
CY2015Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
6732000 USD
CY2014Q1 us-gaap Increase Decrease In Federal Funds Sold
IncreaseDecreaseInFederalFundsSold
-5515000 USD
CY2015Q1 us-gaap Increase Decrease In Federal Funds Sold
IncreaseDecreaseInFederalFundsSold
-4688000 USD
CY2014Q1 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
1913000 USD
CY2015Q1 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
1553000 USD
CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3901000 USD
CY2015Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3685000 USD
CY2014Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
28824000 USD
CY2015Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
27078000 USD
CY2014Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
22218000 USD
CY2015Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
20807000 USD
CY2014Q1 us-gaap Interest Expense
InterestExpense
1682000 USD
CY2015Q1 us-gaap Interest Expense
InterestExpense
1083000 USD
CY2014Q1 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1290000 USD
CY2015Q1 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1020000 USD
CY2014Q1 us-gaap Interest Expense Other
InterestExpenseOther
378000 USD
CY2015Q1 us-gaap Interest Expense Other
InterestExpenseOther
50000 USD
CY2014Q1 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
14000 USD
CY2015Q1 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
13000 USD
CY2014Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
25182000 USD
CY2015Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
24545000 USD
CY2014Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
27142000 USD
CY2015Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
25995000 USD
CY2014Q1 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
1746000 USD
CY2015Q1 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
1779000 USD
CY2014Q1 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
4444000 USD
CY2015Q1 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
4061000 USD
CY2014Q4 us-gaap Interest Receivable
InterestReceivable
11593000 USD
CY2015Q1 us-gaap Interest Receivable
InterestReceivable
11381000 USD
CY2014Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
14096000 USD
CY2015Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
15058000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
2608271000 USD
CY2015Q1 us-gaap Liabilities
Liabilities
2586809000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3002485000 USD
CY2015Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2995836000 USD
CY2013Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
20068000 USD
CY2014Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
20408000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
18839000 USD
CY2015Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
19351000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Allowance Covered
LoansAndLeasesReceivableAllowanceCovered
0 USD
CY2015Q1 us-gaap Loans And Leases Receivable Allowance Covered
LoansAndLeasesReceivableAllowanceCovered
0 USD
CY2014Q4 us-gaap Loans And Leases Receivable Commercial
LoansAndLeasesReceivableCommercial
1044522000 USD
CY2015Q1 us-gaap Loans And Leases Receivable Commercial
LoansAndLeasesReceivableCommercial
1041694000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
-1078000 USD
CY2015Q1 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
-1539000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1780350000 USD
CY2015Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1755065000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount Covered
LoansAndLeasesReceivableGrossCarryingAmountCovered
10085000 USD
CY2015Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount Covered
LoansAndLeasesReceivableGrossCarryingAmountCovered
6374000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
1762589000 USD
CY2015Q1 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
1737253000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
12955000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
10390000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-2574000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-19726000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
1830000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
16742000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
13699000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
13374000 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
7831000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
7761000 USD
CY2014Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
556389000 USD
CY2015Q1 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
537686000 USD
CY2014Q1 us-gaap Noninterest Expense
NoninterestExpense
23705000 USD
CY2015Q1 us-gaap Noninterest Expense
NoninterestExpense
23993000 USD
CY2014Q1 us-gaap Noninterest Income
NoninterestIncome
10111000 USD
CY2015Q1 us-gaap Noninterest Income
NoninterestIncome
10061000 USD
CY2014Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
1010000 USD
CY2015Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
1489000 USD
CY2015Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2014Q1 us-gaap Occupancy Net
OccupancyNet
1925000 USD
CY2015Q1 us-gaap Occupancy Net
OccupancyNet
1864000 USD
CY2014Q4 us-gaap Other Assets
OtherAssets
48857000 USD
CY2015Q1 us-gaap Other Assets
OtherAssets
44154000 USD
CY2014Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
5303000 USD
CY2015Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
4762000 USD
CY2014Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
-115000 USD
CY2015Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
-2464000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
5303000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
6736000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5418000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7226000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
5418000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
7226000 USD
CY2014Q1 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
416000 USD
CY2015Q1 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
431000 USD
CY2014Q4 us-gaap Other Liabilities
OtherLiabilities
90173000 USD
CY2015Q1 us-gaap Other Liabilities
OtherLiabilities
81586000 USD
CY2014Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
5539000 USD
CY2015Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
4869000 USD
CY2014Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1627000 USD
CY2015Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1848000 USD
CY2014Q4 us-gaap Other Real Estate
OtherRealEstate
3965000 USD
CY2015Q1 us-gaap Other Real Estate
OtherRealEstate
3830000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
0 USD
CY2015Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
0 USD
CY2013Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
14079000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
14079000 USD
CY2014Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
14050000 USD
CY2015Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
13995000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Cash Flows
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows
0 USD
CY2015Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Cash Flows
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows
55000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold
0 USD
CY2015Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold
0 USD
CY2014Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-5765000 USD
CY2015Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-23503000 USD
CY2014Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
357000 USD
CY2015Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
345000 USD
CY2014Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
6405000 USD
CY2015Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
6560000 USD
CY2014Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
33387000 USD
CY2015Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
37723000 USD
CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
273000 USD
CY2015Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
387000 USD
CY2014Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
34724000 USD
CY2015Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
35064000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0 USD
CY2015Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
400000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
516000 USD
CY2015Q1 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
573000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
51802000 USD
CY2015Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
50970000 USD
CY2014Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1960000 USD
CY2015Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1450000 USD
CY2014Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-115000 USD
CY2015Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-490000 USD
CY2014Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
20000000 USD
CY2015Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
0 USD
CY2014Q4 us-gaap Restricted Investments
RestrictedInvestments
16404000 USD
CY2015Q1 us-gaap Restricted Investments
RestrictedInvestments
16404000 USD
CY2014Q1 us-gaap Restricted Stock Expense
RestrictedStockExpense
242000 USD
CY2015Q1 us-gaap Restricted Stock Expense
RestrictedStockExpense
171000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
377970000 USD
CY2015Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
385731000 USD
CY2014Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
26823000 USD
CY2015Q1 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
25892000 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
22019 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
19683 shares
CY2014Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
242000 USD
CY2015Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
171000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
386195000 USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
399329000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
394214000 USD
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
409027000 USD
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1595957 shares
CY2015Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
1605646 shares
CY2014Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
9776 shares
CY2015Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
9689 shares
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
43447000 USD
CY2015Q1 us-gaap Treasury Stock Value
TreasuryStockValue
43792000 USD
CY2014Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
13349000 shares
CY2015Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12948000 shares
CY2015Q1 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">New accounting standards</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ASU 2014-04 &#8220;Receivables (Topic 310) - Troubled Debt Restructurings by Creditors&#8221; (&#8220;ASU 2014-04&#8221;) amends Topic 310 &#8220;Receivables&#8221; to clarify the terms defining when an in substance repossession or foreclosure occurs, which determines when the receivable should be derecognized and the real estate property is recognized. ASU 2013-04 is effective for annual periods and interim periods within those annual periods beginning after December 15, 2014. The amendments also require disclosure of (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized br residential real estate properties that are in foreclosure. It has not had a significant impact on our financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB and the International Accounting Standards Board (the "IASB") jointly issued a comprehensive new revenue recognition standard that will supersede nearly all existing revenue recognition guidance under GAAP and International Financial Reporting Standards ("IFRS"). Previous revenue recognition guidance in GAAP comprised broad revenue recognition concepts together with numerous revenue requirements for particular industries or transactions, which sometimes resulted in different accounting for economically similar transactions. In contrast, IFRS provided limited revenue recognition guidance and, consequently, could be difficult to apply to complex transactions. Accordingly, the FASB and the IASB initiated a joint project to clarify the principles for recognizing revenue and to develop a common revenue standard for U.S. GAAP and IFRS that would: (1) Remove inconsistencies and weaknesses in revenue requirements; (2) Provide a more robust framework for addressing revenue issues; (3) Improve comparability of revenue recognition practices across entities, industries, jurisdictions, and capital markets; (4) Provide more useful information to users of financial statements through improved disclosure requirements; and (5) Simplify the preparation of financial statements by reducing the number of requirements to which an entity must refer. To meet those objectives, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers." The standard&#8217;s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In doing so, companies generally will be required to use more judgment and make more estimates than under current guidance. These may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. The standard is effective for public entities for interim and annual periods beginning after December 15, 2016; early adoption is not permitted. The FASB has recently issued a proposal to defer the effective date for one year.For financial reporting purposes, the standard allows for either full retrospective adoption, meaning the standard is applied to all of the periods presented, or modified retrospective adoption, meaning the standard is applied only to the most current period presented in the financial statements with the cumulative effect of initially applying the standard recognized at the date of initial application. The Corporation is currently evaluating the provisions of ASU No. 2014-09 and will be closely monitoring developments and additional guidance to determine the potential impact the new standard will have on the Corporation's Consolidated Financial Statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2014, the FASB issued ASU 2014-14, Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure. This ASU requires that a mortgage loan be derecognized and that a separate other receivable be recognized if certain conditions are met in the case of government guarantees. The amendments are effective for annual periods, and interim periods within those years, beginning after December 15, 2014. The adoption of this ASU has not had a significant impact on the Corporation's financial statements.</font></div></div>

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