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10-Q Filing

INDEPENDENT BANK CORP /MI/ CIK: 39311 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001140361-18-021641
Period End Date 20180331
Filing Date 20180504
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance ibcp-20180331.xml
Balance Sheet 98 line items
Line Item Tag Value Unit Period
Cash and due from banks CashAndDueFromBanks $29.13M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $36.99M USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockNoParValue - USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockNoParValue - USD Point-in-time
Interest bearing deposits InterestBearingDepositsInBanks $13.25M USD Point-in-time
Interest bearing deposits InterestBearingDepositsInBanks $17.74M USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $69.82M USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $42.38M USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $83.19M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 200,000.00 shares Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 200,000.00 shares Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $54.74M USD Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Interest bearing deposits - time InterestBearingDepositsTime $1.74M USD Point-in-time
Interest bearing deposits - time InterestBearingDepositsTime $2.74M USD Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Equity securities at fair value EquitySecuritiesFvNi - USD Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Equity securities at fair value EquitySecuritiesFvNi $301.00K USD Point-in-time
Trading securities TradingSecurities - USD Point-in-time
Trading securities TradingSecurities $455.00K USD Point-in-time
Common stock, par value (in dollars per share) CommonStockNoParValue - USD Point-in-time
Common stock, par value (in dollars per share) CommonStockNoParValue - USD Point-in-time
Securities available for sale AvailableForSaleSecurities $522.92M USD Point-in-time
Securities available for sale AvailableForSaleSecurities $489.12M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 500.00M shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 500.00M shares Point-in-time
Federal Home Loan Bank and Federal Reserve Bank stock, at cost FederalHomeLoanBankStockAndFederalReserveBankStock $15.54M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 21.33M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 21.37M shares Point-in-time
Federal Home Loan Bank and Federal Reserve Bank stock, at cost FederalHomeLoanBankStockAndFederalReserveBankStock $15.54M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 21.37M shares Point-in-time
Loans held for sale, carried at fair value LoansHeldForSaleFairValueDisclosure $39.44M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 21.33M shares Point-in-time
Loans held for sale, carried at fair value LoansHeldForSaleFairValueDisclosure $34.15M USD Point-in-time
Commercial LoansReceivableCommercialFinancialAndAgricultural $853.26M USD Point-in-time
Commercial LoansReceivableCommercialFinancialAndAgricultural $857.42M USD Point-in-time
Mortgage LoansAndLeasesReceivableMortgage $849.53M USD Point-in-time
Mortgage LoansAndLeasesReceivableMortgage $888.91M USD Point-in-time
Installment LoansAndLeasesReceivableConsumerInstallmentAndRevolving $325.11M USD Point-in-time
Installment LoansAndLeasesReceivableConsumerInstallmentAndRevolving $316.03M USD Point-in-time
Total Loans LoansAndLeasesReceivableNetOfDeferredIncome $2.02B USD Point-in-time
Total Loans LoansAndLeasesReceivableNetOfDeferredIncome $2.07B USD Point-in-time
Allowance for loan losses LoansAndLeasesReceivableAllowance $23.07M USD Point-in-time
Allowance for loan losses LoansAndLeasesReceivableAllowance $22.59M USD Point-in-time
Net Loans LoansAndLeasesReceivableNetReportedAmount $2.00B USD Point-in-time
Net Loans LoansAndLeasesReceivableNetReportedAmount $2.05B USD Point-in-time
Other real estate and repossessed assets ForeclosedAssets $1.65M USD Point-in-time
Other real estate and repossessed assets ForeclosedAssets $1.64M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $39.15M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $38.81M USD Point-in-time
Bank-owned life insurance BankOwnedLifeInsurance $54.57M USD Point-in-time
Bank-owned life insurance BankOwnedLifeInsurance $54.35M USD Point-in-time
Deferred tax assets, net DeferredTaxAssetsLiabilitiesNet $13.71M USD Point-in-time
Deferred tax assets, net DeferredTaxAssetsLiabilitiesNet $15.09M USD Point-in-time
Capitalized mortgage loan servicing rights ServicingAssetAtFairValueAmount $15.70M USD Point-in-time
Capitalized mortgage loan servicing rights ServicingAssetAtFairValueAmount $17.78M USD Point-in-time
Other intangibles IntangibleAssetsNetExcludingGoodwill $1.59M USD Point-in-time
Other intangibles IntangibleAssetsNetExcludingGoodwill $1.50M USD Point-in-time
Accrued income and other assets OtherAssets $29.55M USD Point-in-time
Accrued income and other assets OtherAssets $33.72M USD Point-in-time
Total Assets Assets $2.79B USD Point-in-time
Total Assets Assets $2.79B USD Point-in-time
Non-interest bearing NoninterestBearingDepositLiabilities $768.33M USD Point-in-time
Non-interest bearing NoninterestBearingDepositLiabilities $774.05M USD Point-in-time
Savings and interest-bearing checking DepositsSavingsDeposits $1.06B USD Point-in-time
Savings and interest-bearing checking DepositsSavingsDeposits $1.10B USD Point-in-time
Reciprocal ReciprocalDeposits $63.01M USD Point-in-time
Reciprocal ReciprocalDeposits $50.98M USD Point-in-time
Time InterestBearingDomesticDepositTimeDeposits $374.87M USD Point-in-time
Time InterestBearingDomesticDepositTimeDeposits $377.66M USD Point-in-time
Brokered time InterestBearingDomesticDepositBrokered $115.17M USD Point-in-time
Brokered time InterestBearingDomesticDepositBrokered $141.96M USD Point-in-time
Total Deposits Deposits $2.43B USD Point-in-time
Total Deposits Deposits $2.40B USD Point-in-time
Other borrowings OtherBorrowings $27.85M USD Point-in-time
Other borrowings OtherBorrowings $54.60M USD Point-in-time
Subordinated debentures JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust $35.57M USD Point-in-time
Subordinated debentures JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust $35.57M USD Point-in-time
Accrued expenses and other liabilities OtherLiabilities $31.39M USD Point-in-time
Accrued expenses and other liabilities OtherLiabilities $33.72M USD Point-in-time
Total Liabilities Liabilities $2.53B USD Point-in-time
Total Liabilities Liabilities $2.52B USD Point-in-time
Preferred stock, no par value, 200,000 shares authorized; none issued or outstanding PreferredStockValue - USD Point-in-time
Preferred stock, no par value, 200,000 shares authorized; none issued or outstanding PreferredStockValue - USD Point-in-time
Common stock, no par value, 500,000,000 shares authorized; issued and outstanding: 21,374,816 shares at March 31, 2018 and 21,333,869 shares at December 31, 2017 CommonStockValue $324.99M USD Point-in-time
Common stock, no par value, 500,000,000 shares authorized; issued and outstanding: 21,374,816 shares at March 31, 2018 and 21,333,869 shares at December 31, 2017 CommonStockValue $324.52M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-54.05M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-48.10M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-6.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-8.50M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $264.93M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $267.92M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $255.47M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $248.98M USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $2.79B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $2.79B USD Point-in-time
Income Statement 75 line items
Line Item Tag Value Unit Period
Interest and fees on loans InterestAndFeeIncomeLoansAndLeases $19.86M USD 1 Quarter
Interest and fees on loans InterestAndFeeIncomeLoansAndLeases $23.35M USD 1 Quarter
Taxable InterestIncomeSecuritiesTaxable $2.63M USD 1 Quarter
Taxable InterestIncomeSecuritiesTaxable $2.75M USD 1 Quarter
Tax-exempt InterestIncomeSecuritiesTaxExempt $455.00K USD 1 Quarter
Tax-exempt InterestIncomeSecuritiesTaxExempt $479.00K USD 1 Quarter
Other investments OtherInterestAndDividendIncome $330.00K USD 1 Quarter
Other investments OtherInterestAndDividendIncome $312.00K USD 1 Quarter
Total Interest Income InterestAndDividendIncomeOperating $23.38M USD 1 Quarter
Total Interest Income InterestAndDividendIncomeOperating $26.80M USD 1 Quarter
Deposits InterestExpenseDeposits $2.29M USD 1 Quarter
Deposits InterestExpenseDeposits $1.44M USD 1 Quarter
Other borrowings and subordinated debentures InterestExpenseBorrowings $470.00K USD 1 Quarter
Other borrowings and subordinated debentures InterestExpenseBorrowings $574.00K USD 1 Quarter
Total Interest Expense InterestExpense $2.86M USD 1 Quarter
Total Interest Expense InterestExpense $1.91M USD 1 Quarter
Net Interest Income InterestIncomeExpenseNet $23.94M USD 1 Quarter
Net Interest Income InterestIncomeExpenseNet $21.47M USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $-359.00K USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $315.00K USD 1 Quarter
Net Interest Income After Provision for Loan Losses InterestIncomeExpenseAfterProvisionForLoanLoss $21.82M USD 1 Quarter
Net Interest Income After Provision for Loan Losses InterestIncomeExpenseAfterProvisionForLoanLoss $23.62M USD 1 Quarter
Revenue from contracts with customers RevenueFromContractWithCustomerExcludingAssessedTax $6.28M USD 1 Quarter
Mortgage loans GainLossOnSaleOfAndFairValueAdjustmentsOnLoansAndLeases $2.57M USD 1 Quarter
Mortgage loans GainLossOnSaleOfAndFairValueAdjustmentsOnLoansAndLeases $2.57M USD 1 Quarter
Securities MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments $27.00K USD 1 Quarter
Securities MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments $-173.00K USD 1 Quarter
Mortgage loan servicing, net ServicingFeesNet $825.00K USD 1 Quarter
Mortgage loan servicing, net ServicingFeesNet $2.22M USD 1 Quarter
Other NoninterestIncomeOtherOperatingIncome $1.99M USD 1 Quarter
Other NoninterestIncomeOtherOperatingIncome $1.94M USD 1 Quarter
Total Non-Interest Income NoninterestIncome $11.71M USD 1 Quarter
Total Non-Interest Income NoninterestIncome $10.34M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $14.15M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $14.47M USD 1 Quarter
Occupancy, net OccupancyNet $2.26M USD 1 Quarter
Occupancy, net OccupancyNet $2.14M USD 1 Quarter
Data processing DataProcessing $1.94M USD 1 Quarter
Data processing DataProcessing $1.88M USD 1 Quarter
Furniture, fixtures and equipment EquipmentExpense $967.00K USD 1 Quarter
Furniture, fixtures and equipment EquipmentExpense $977.00K USD 1 Quarter
Communications Communication $680.00K USD 1 Quarter
Communications Communication $683.00K USD 1 Quarter
Loan and collection LoanAndCollection $413.00K USD 1 Quarter
Loan and collection LoanAndCollection $677.00K USD 1 Quarter
Interchange expense InterchangeExpense $283.00K USD 1 Quarter
Interchange expense InterchangeExpense $598.00K USD 1 Quarter
Advertising AdvertisingExpense $506.00K USD 1 Quarter
Advertising AdvertisingExpense $441.00K USD 1 Quarter
Legal and professional ProfessionalFees $437.00K USD 1 Quarter
Legal and professional ProfessionalFees $378.00K USD 1 Quarter
FDIC deposit insurance FederalDepositInsuranceCorporationPremiumExpense $230.00K USD 1 Quarter
FDIC deposit insurance FederalDepositInsuranceCorporationPremiumExpense $198.00K USD 1 Quarter
Merger related expenses BusinessCombinationAcquisitionRelatedCosts - USD 1 Quarter
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $174.00K USD 1 Quarter
Credit card and bank service fees CreditCardAndBankServiceFees $96.00K USD 1 Quarter
Credit card and bank service fees CreditCardAndBankServiceFees $191.00K USD 1 Quarter
Other OtherNoninterestExpense $1.66M USD 1 Quarter
Other OtherNoninterestExpense $1.28M USD 1 Quarter
Total Non-Interest Expense NoninterestExpense $23.57M USD 1 Quarter
Total Non-Interest Expense NoninterestExpense $24.14M USD 1 Quarter
Income Before Income Tax IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $8.60M USD 1 Quarter
Income Before Income Tax IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $11.20M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $2.62M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $2.04M USD 1 Quarter
Net Income NetIncomeLoss $9.16M USD 1 Quarter
Net Income NetIncomeLoss $5.97M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.28 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.43 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.42 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.28 USD 1 Quarter
Declared (in dollars per share) CommonStockDividendsPerShareDeclared $0.15 USD 1 Quarter
Declared (in dollars per share) CommonStockDividendsPerShareDeclared $0.10 USD 1 Quarter
Paid (in dollars per share) CommonStockDividendsPerShareCashPaid $0.15 USD 1 Quarter
Paid (in dollars per share) CommonStockDividendsPerShareCashPaid $0.10 USD 1 Quarter
Cash Flow Statement 88 line items
Line Item Tag Value Unit Period
Net Income NetIncomeLoss $9.16M USD 1 Quarter
Net Income NetIncomeLoss $5.97M USD 1 Quarter
Proceeds from sales of loans held for sale ProceedsFromSaleOfLoansHeldForSale $81.68M USD 1 Quarter
Proceeds from sales of loans held for sale ProceedsFromSaleOfLoansHeldForSale $92.61M USD 1 Quarter
Disbursements for loans held for sale PaymentsForOriginationOfMortgageLoansHeldForSale $80.78M USD 1 Quarter
Disbursements for loans held for sale PaymentsForOriginationOfMortgageLoansHeldForSale $84.75M USD 1 Quarter
Net increase in other liabilities held for sale NetIncreaseDecreaseInOtherLiabilitiesHeldForSale $717.00K USD 1 Quarter
Net increase in other liabilities held for sale NetIncreaseDecreaseInOtherLiabilitiesHeldForSale - USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $-359.00K USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $315.00K USD 1 Quarter
Deferred income tax expense IncreaseDecreaseInDeferredIncomeTaxes $-2.45M USD 1 Quarter
Deferred income tax expense IncreaseDecreaseInDeferredIncomeTaxes $-2.04M USD 1 Quarter
Deferred loan fees and costs IncreaseDecreaseInLoansDeferredIncome $931.00K USD 1 Quarter
Deferred loan fees and costs IncreaseDecreaseInLoansDeferredIncome $638.00K USD 1 Quarter
Net depreciation, amortization of intangible assets and premiums and accretion of discounts on securities, loans and interest bearing deposits - time DepreciationAmortizationAndAccretionNet $1.28M USD 1 Quarter
Net depreciation, amortization of intangible assets and premiums and accretion of discounts on securities, loans and interest bearing deposits - time DepreciationAmortizationAndAccretionNet $1.82M USD 1 Quarter
Net gains on mortgage loans GainLossOnSaleOfAndFairValueAdjustmentsOnLoansAndLeases $2.57M USD 1 Quarter
Net gains on mortgage loans GainLossOnSaleOfAndFairValueAdjustmentsOnLoansAndLeases $2.57M USD 1 Quarter
Net gains (losses) on securities MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments $27.00K USD 1 Quarter
Net gains (losses) on securities MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments $-173.00K USD 1 Quarter
Net (gains) losses on other real estate and repossessed assets GainsLossesOnSalesOfOtherRealEstate $-11.00K USD 1 Quarter
Net (gains) losses on other real estate and repossessed assets GainsLossesOnSalesOfOtherRealEstate $290.00K USD 1 Quarter
Share based compensation ShareBasedCompensation $407.00K USD 1 Quarter
Share based compensation ShareBasedCompensation $432.00K USD 1 Quarter
Increase in accrued income and other assets IncreaseDecreaseInOtherOperatingAssets $5.67M USD 1 Quarter
Increase in accrued income and other assets IncreaseDecreaseInOtherOperatingAssets $1.27M USD 1 Quarter
Decrease in accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-5.71M USD 1 Quarter
Decrease in accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-3.23M USD 1 Quarter
Total Adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $-2.60M USD 1 Quarter
Total Adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $-2.27M USD 1 Quarter
Net Cash From Operating Activities NetCashProvidedByUsedInOperatingActivities $3.38M USD 1 Quarter
Net Cash From Operating Activities NetCashProvidedByUsedInOperatingActivities $6.89M USD 1 Quarter
Proceeds from the sale of securities available for sale ProceedsFromSaleOfAvailableForSaleSecurities $6.15M USD 1 Quarter
Proceeds from the sale of securities available for sale ProceedsFromSaleOfAvailableForSaleSecurities $22.28M USD 1 Quarter
Proceeds from maturities, prepayments and calls of securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $34.07M USD 1 Quarter
Proceeds from maturities, prepayments and calls of securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $50.08M USD 1 Quarter
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecurities $23.64M USD 1 Quarter
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecurities $45.67M USD 1 Quarter
Proceeds from the maturity of interest bearing deposits - time ProceedsFromInterestBearingDepositsInBanksTime $1.00M USD 1 Quarter
Proceeds from the maturity of interest bearing deposits - time ProceedsFromInterestBearingDepositsInBanksTime $251.00K USD 1 Quarter
Net increase in portfolio loans (loans originated, net of principal payments) PaymentsForProceedsFromLoansAndLeases $61.00M USD 1 Quarter
Net increase in portfolio loans (loans originated, net of principal payments) PaymentsForProceedsFromLoansAndLeases $68.61M USD 1 Quarter
Proceeds from the sale of portfolio loans ProceedsFromSaleOfLoansHeldForInvestment - USD 1 Quarter
Proceeds from the sale of portfolio loans ProceedsFromSaleOfLoansHeldForInvestment $16.46M USD 1 Quarter
Net increase in payment plan receivables and other assets held for sale NetIncreaseInPaymentPlanReceivablesAndOtherAssetsHeldForSale - USD 1 Quarter
Net increase in payment plan receivables and other assets held for sale NetIncreaseInPaymentPlanReceivablesAndOtherAssetsHeldForSale $1.44M USD 1 Quarter
Proceeds from bank-owned life insurance ProceedsFromLifeInsurancePolicies $523.00K USD 1 Quarter
Proceeds from bank-owned life insurance ProceedsFromLifeInsurancePolicies $474.00K USD 1 Quarter
Proceeds from the sale of other real estate and repossessed assets ProceedsFromSaleOfForeclosedAssets $608.00K USD 1 Quarter
Proceeds from the sale of other real estate and repossessed assets ProceedsFromSaleOfForeclosedAssets $238.00K USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $921.00K USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $680.00K USD 1 Quarter
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-51.55M USD 1 Quarter
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-18.28M USD 1 Quarter
Net increase in total deposits IncreaseDecreaseInDeposits $37.34M USD 1 Quarter
Net increase in total deposits IncreaseDecreaseInDeposits $29.87M USD 1 Quarter
Net decrease in other borrowings ProceedsFromRepaymentsOfOtherDebt - USD 1 Quarter
Net decrease in other borrowings ProceedsFromRepaymentsOfOtherDebt $-6.75M USD 1 Quarter
Proceeds from Federal Home Loan Bank advances ProceedsFromFederalHomeLoanBankBorrowings $40.00M USD 1 Quarter
Proceeds from Federal Home Loan Bank advances ProceedsFromFederalHomeLoanBankBorrowings - USD 1 Quarter
Payments of Federal Home Loan Bank Advances RepaymentsOfFederalHomeLoanBankBorrowings $60.00M USD 1 Quarter
Payments of Federal Home Loan Bank Advances RepaymentsOfFederalHomeLoanBankBorrowings - USD 1 Quarter
Dividends paid PaymentsOfDividends $3.21M USD 1 Quarter
Dividends paid PaymentsOfDividends $2.13M USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $25.00K USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $13.00K USD 1 Quarter
Share based compensation withholding obligation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $888.00K USD 1 Quarter
Share based compensation withholding obligation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $427.00K USD 1 Quarter
Net Cash From (Used in) Financing Activities NetCashProvidedByUsedInFinancingActivities $34.80M USD 1 Quarter
Net Cash From (Used in) Financing Activities NetCashProvidedByUsedInFinancingActivities $-967.00K USD 1 Quarter
Net Decrease in Cash and Cash Equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-13.37M USD 1 Quarter
Net Decrease in Cash and Cash Equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-12.36M USD 1 Quarter
Cash and Cash Equivalents at Beginning of Period CashAndCashEquivalentsAtCarryingValue $69.82M USD Point-in-time
Cash and Cash Equivalents at Beginning of Period CashAndCashEquivalentsAtCarryingValue $42.38M USD Point-in-time
Cash and Cash Equivalents at Beginning of Period CashAndCashEquivalentsAtCarryingValue $83.19M USD Point-in-time
Cash and Cash Equivalents at Beginning of Period CashAndCashEquivalentsAtCarryingValue $54.74M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $69.82M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $42.38M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $83.19M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $54.74M USD Point-in-time
Interest InterestPaid $2.66M USD 1 Quarter
Interest InterestPaid $1.62M USD 1 Quarter
Income taxes IncomeTaxesPaid - USD 1 Quarter
Income taxes IncomeTaxesPaid $140.00K USD 1 Quarter
Transfers to other real estate and repossessed assets TransferOfOtherRealEstate $322.00K USD 1 Quarter
Transfers to other real estate and repossessed assets TransferOfOtherRealEstate $502.00K USD 1 Quarter
Purchase of securities available for sale not yet settled PurchaseOfSecuritiesAvailableForSaleNotYetSettled $3.22M USD 1 Quarter
Purchase of securities available for sale not yet settled PurchaseOfSecuritiesAvailableForSaleNotYetSettled $6.05M USD 1 Quarter
Stockholders Equity 24 line items
Line Item Tag Value Unit Period
Balance at beginning of period StockholdersEquity $264.93M USD Point-in-time
Balance at beginning of period StockholdersEquity $267.92M USD Point-in-time
Balance at beginning of period StockholdersEquity $255.47M USD Point-in-time
Balance at beginning of period StockholdersEquity $248.98M USD Point-in-time
Cumulative effect of change in accounting CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption - USD Point-in-time
Cumulative effect of change in accounting CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption $352.00K USD Point-in-time
Balance at beginning of period, as adjusted StockholdersEquityAttributableToParentAsAdjusted $249.33M USD Point-in-time
Balance at beginning of period, as adjusted StockholdersEquityAttributableToParentAsAdjusted $264.93M USD Point-in-time
Net income NetIncomeLoss $9.16M USD 1 Quarter
Net income NetIncomeLoss $5.97M USD 1 Quarter
Cash dividends declared DividendsCommonStockCash $2.13M USD 1 Quarter
Cash dividends declared DividendsCommonStockCash $3.21M USD 1 Quarter
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $25.00K USD 1 Quarter
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $13.00K USD 1 Quarter
Share based compensation StockIssuedDuringPeriodValueShareBasedCompensation $407.00K USD 1 Quarter
Share based compensation StockIssuedDuringPeriodValueShareBasedCompensation $432.00K USD 1 Quarter
Share based compensation withholding obligation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $888.00K USD 1 Quarter
Share based compensation withholding obligation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $427.00K USD 1 Quarter
Net change in accumulated other comprehensive loss, net of related tax effect OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-2.50M USD 1 Quarter
Net change in accumulated other comprehensive loss, net of related tax effect OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $2.27M USD 1 Quarter
Balance at end of period StockholdersEquity $264.93M USD Point-in-time
Balance at end of period StockholdersEquity $267.92M USD Point-in-time
Balance at end of period StockholdersEquity $255.47M USD Point-in-time
Balance at end of period StockholdersEquity $248.98M USD Point-in-time
Comprehensive Income 28 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $9.16M USD 1 Quarter
Net income NetIncomeLoss $5.97M USD 1 Quarter
Unrealized gains (losses) arising during period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $3.62M USD 1 Quarter
Unrealized gains (losses) arising during period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-3.87M USD 1 Quarter
Change in unrealized gains for which a portion of other than temporary impairment has been recognized in earnings OtherComprehensiveIncomeLossAvailableForSaleSecuritiesOtherThanTemporaryImpairmentLossAdjustmentBeforeReclassificationAdjustmentsAndTax $-22.00K USD 1 Quarter
Change in unrealized gains for which a portion of other than temporary impairment has been recognized in earnings OtherComprehensiveIncomeLossAvailableForSaleSecuritiesOtherThanTemporaryImpairmentLossAdjustmentBeforeReclassificationAdjustmentsAndTax $-1.00K USD 1 Quarter
Reclassification adjustments for (gains) losses included in earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $-19.00K USD 1 Quarter
Reclassification adjustments for (gains) losses included in earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $106.00K USD 1 Quarter
Unrealized gains (losses) recognized in other comprehensive income (loss) on securities available for sale OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $3.50M USD 1 Quarter
Unrealized gains (losses) recognized in other comprehensive income (loss) on securities available for sale OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $-3.85M USD 1 Quarter
Income tax expense (benefit) OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $1.22M USD 1 Quarter
Income tax expense (benefit) OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $-808.00K USD 1 Quarter
Unrealized gains (losses) recognized in other comprehensive income (loss) on securities available for sale, net of tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-3.04M USD 1 Quarter
Unrealized gains (losses) recognized in other comprehensive income (loss) on securities available for sale, net of tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $2.27M USD 1 Quarter
Unrealized gain arising during period OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $684.00K USD 1 Quarter
Unrealized gain arising during period OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax - USD 1 Quarter
Reclassification adjustment for income recognized in earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax - USD 1 Quarter
Reclassification adjustment for income recognized in earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $6.00K USD 1 Quarter
Unrealized gains recognized in other comprehensive income (loss) on derivative instruments OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $678.00K USD 1 Quarter
Unrealized gains recognized in other comprehensive income (loss) on derivative instruments OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax - USD 1 Quarter
Income tax expense OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax - USD 1 Quarter
Income tax expense OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $142.00K USD 1 Quarter
Unrealized gains recognized in other comprehensive income (loss) on derivative instruments, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax - USD 1 Quarter
Unrealized gains recognized in other comprehensive income (loss) on derivative instruments, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $536.00K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-2.50M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $2.27M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $8.25M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $6.66M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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