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10-Q Filing

INDEPENDENT BANK CORP /MI/ CIK: 39311 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0001140361-19-008354
Period End Date 20190331
Filing Date 20190503
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance ibcp-20190331.xml
Balance Sheet 102 line items
Line Item Tag Value Unit Period
Cash and due from banks CashAndDueFromBanks $23.35M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $33.25M USD Point-in-time
Interest bearing deposits InterestBearingDepositsInBanks $46.89M USD Point-in-time
Interest bearing deposits InterestBearingDepositsInBanks $38.38M 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
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $54.74M USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $42.38M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 200,000.00 shares Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $71.62M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 200,000.00 shares Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $70.24M USD Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Interest bearing deposits - time InterestBearingDepositsTime $595.00K USD Point-in-time
Interest bearing deposits - time InterestBearingDepositsTime $496.00K USD Point-in-time
Equity securities at fair value EquitySecuritiesFvNi $393.00K USD 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
Securities available for sale AvailableForSaleSecurities $427.93M USD Point-in-time
Securities available for sale AvailableForSaleSecurities $461.53M 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
Federal Home Loan Bank and Federal Reserve Bank stock, at cost FederalHomeLoanBankStockAndFederalReserveBankStock $18.36M USD 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 $18.36M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 500.00M shares Point-in-time
Loans held for sale, carried at fair value LoansHeldForSaleFairValueDisclosure $44.75M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 23.56M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 23.58M shares Point-in-time
Loans held for sale, carried at fair value LoansHeldForSaleFairValueDisclosure $43.10M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 23.58M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 23.56M shares Point-in-time
Loans held for sale, carried at lower of cost or fair value LoansHeldForSaleCarriedAtLowerOfCostOrFairValue $41.47M USD Point-in-time
Loans held for sale, carried at lower of cost or fair value LoansHeldForSaleCarriedAtLowerOfCostOrFairValue - USD Point-in-time
Commercial LoansReceivableCommercialFinancialAndAgricultural $1.17B USD Point-in-time
Commercial LoansReceivableCommercialFinancialAndAgricultural $1.14B USD Point-in-time
Mortgage LoansAndLeasesReceivableMortgage $1.04B USD Point-in-time
Mortgage LoansAndLeasesReceivableMortgage $1.04B USD Point-in-time
Installment LoansAndLeasesReceivableConsumerInstallmentAndRevolving $395.15M USD Point-in-time
Installment LoansAndLeasesReceivableConsumerInstallmentAndRevolving $406.65M USD Point-in-time
Total Loans LoansAndLeasesReceivableNetOfDeferredIncome $2.58B USD Point-in-time
Total Loans LoansAndLeasesReceivableNetOfDeferredIncome $2.62B USD Point-in-time
Allowance for loan losses LoansAndLeasesReceivableAllowance $24.89M USD Point-in-time
Allowance for loan losses LoansAndLeasesReceivableAllowance $25.25M USD Point-in-time
Net Loans LoansAndLeasesReceivableNetReportedAmount $2.56B USD Point-in-time
Net Loans LoansAndLeasesReceivableNetReportedAmount $2.59B USD Point-in-time
Other real estate and repossessed assets, net ForeclosedAssets $1.30M USD Point-in-time
Other real estate and repossessed assets, net ForeclosedAssets $1.34M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $37.98M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $38.78M USD Point-in-time
Bank-owned life insurance BankOwnedLifeInsurance $55.31M USD Point-in-time
Bank-owned life insurance BankOwnedLifeInsurance $55.07M USD Point-in-time
Deferred tax assets, net DeferredTaxAssetsLiabilitiesNet $2.87M USD Point-in-time
Deferred tax assets, net DeferredTaxAssetsLiabilitiesNet $5.78M USD Point-in-time
Capitalized mortgage loan servicing rights ServicingAssetAtFairValueAmount $21.40M USD Point-in-time
Capitalized mortgage loan servicing rights ServicingAssetAtFairValueAmount $19.91M USD Point-in-time
Other intangibles IntangibleAssetsNetExcludingGoodwill $6.42M USD Point-in-time
Other intangibles IntangibleAssetsNetExcludingGoodwill $6.14M USD Point-in-time
Goodwill Goodwill $28.30M USD Point-in-time
Goodwill Goodwill $28.30M USD Point-in-time
Accrued income and other assets OtherAssets $43.11M USD Point-in-time
Accrued income and other assets OtherAssets $34.87M USD Point-in-time
Total Assets Assets $3.35B USD Point-in-time
Total Assets Assets $3.38B USD Point-in-time
Non-interest bearing NoninterestBearingDepositLiabilities $879.55M USD Point-in-time
Non-interest bearing NoninterestBearingDepositLiabilities $858.26M USD Point-in-time
Savings and interest-bearing checking DepositsSavingsDeposits $1.21B USD Point-in-time
Savings and interest-bearing checking DepositsSavingsDeposits $1.19B USD Point-in-time
Reciprocal ReciprocalDeposits $267.18M USD Point-in-time
Reciprocal ReciprocalDeposits $182.07M USD Point-in-time
Time InterestBearingDomesticDepositTimeDeposits $388.73M USD Point-in-time
Time InterestBearingDomesticDepositTimeDeposits $385.98M USD Point-in-time
Brokered time InterestBearingDomesticDepositBrokered $212.09M USD Point-in-time
Brokered time InterestBearingDomesticDepositBrokered $270.96M USD Point-in-time
Total Deposits Deposits $2.91B USD Point-in-time
Total Deposits Deposits $2.93B USD Point-in-time
Other borrowings OtherBorrowings $25.71M USD Point-in-time
Other borrowings OtherBorrowings $25.70M USD Point-in-time
Subordinated debentures JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust $39.41M USD Point-in-time
Subordinated debentures JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust $39.39M USD Point-in-time
Accrued expenses and other liabilities OtherLiabilities $39.54M USD Point-in-time
Accrued expenses and other liabilities OtherLiabilities $35.77M USD Point-in-time
Total Liabilities Liabilities $3.04B USD Point-in-time
Total Liabilities Liabilities $3.01B USD Point-in-time
Commitments and contingent liabilities CommitmentsAndContingencies - USD Point-in-time
Commitments and contingent liabilities CommitmentsAndContingencies - 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: 23,560,179 shares at March 31, 2019 and 23,579,725 shares at December 31, 2018 CommonStockValue $374.68M USD Point-in-time
Common stock, no par value, 500,000,000 shares authorized; issued and outstanding: 23,560,179 shares at March 31, 2019 and 23,579,725 shares at December 31, 2018 CommonStockValue $377.37M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-28.27M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-23.14M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-6.82M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-10.11M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $338.99M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $267.92M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $344.73M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $264.93M USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $3.35B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $3.38B USD Point-in-time
Income Statement 73 line items
Line Item Tag Value Unit Period
Interest and fees on loans InterestAndFeeIncomeLoansAndLeases $23.35M USD 1 Quarter
Interest and fees on loans InterestAndFeeIncomeLoansAndLeases $32.68M USD 1 Quarter
Taxable InterestIncomeSecuritiesTaxable $2.63M USD 1 Quarter
Taxable InterestIncomeSecuritiesTaxable $3.01M USD 1 Quarter
Tax-exempt InterestIncomeSecuritiesTaxExempt $374.00K USD 1 Quarter
Tax-exempt InterestIncomeSecuritiesTaxExempt $479.00K USD 1 Quarter
Other investments OtherInterestAndDividendIncome $330.00K USD 1 Quarter
Other investments OtherInterestAndDividendIncome $575.00K USD 1 Quarter
Total Interest Income InterestAndDividendIncomeOperating $36.64M USD 1 Quarter
Total Interest Income InterestAndDividendIncomeOperating $26.80M USD 1 Quarter
Deposits InterestExpenseDeposits $2.29M USD 1 Quarter
Deposits InterestExpenseDeposits $5.68M USD 1 Quarter
Other borrowings and subordinated debentures InterestExpenseBorrowings $712.00K 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 $6.39M USD 1 Quarter
Net Interest Income InterestIncomeExpenseNet $23.94M USD 1 Quarter
Net Interest Income InterestIncomeExpenseNet $30.24M USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $315.00K USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $664.00K USD 1 Quarter
Net Interest Income After Provision for Loan Losses InterestIncomeExpenseAfterProvisionForLoanLoss $29.58M USD 1 Quarter
Net Interest Income After Provision for Loan Losses InterestIncomeExpenseAfterProvisionForLoanLoss $23.62M USD 1 Quarter
Service charges on deposit accounts DepositorAccountsFeesAndCommissions $2.90M USD 1 Quarter
Service charges on deposit accounts DepositorAccountsFeesAndCommissions $2.64M USD 1 Quarter
Interchange income InterchangeIncome $2.35M USD 1 Quarter
Interchange income InterchangeIncome $2.25M USD 1 Quarter
Mortgage loans GainLossOnSalesOfLoansNet $3.61M USD 1 Quarter
Mortgage loans GainLossOnSalesOfLoansNet $2.57M USD 1 Quarter
Mortgage loans GainLossOnSalesOfLoansNet $50.00K USD Point-in-time
Securities MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments $304.00K USD 1 Quarter
Securities MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments $-173.00K USD 1 Quarter
Mortgage loan servicing, net MortgageLoanServicingIncome $2.22M USD 1 Quarter
Mortgage loan servicing, net MortgageLoanServicingIncome $-1.22M USD 1 Quarter
Other NoninterestIncomeOtherOperatingIncome $1.94M USD 1 Quarter
Other NoninterestIncomeOtherOperatingIncome $2.26M USD 1 Quarter
Total Non-interest Income NoninterestIncome $11.71M USD 1 Quarter
Total Non-interest Income NoninterestIncome $9.96M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $14.47M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $16.35M USD 1 Quarter
Occupancy, net OccupancyNet $2.26M USD 1 Quarter
Occupancy, net OccupancyNet $2.50M USD 1 Quarter
Data processing DataProcessing $2.14M 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 $1.03M USD 1 Quarter
Communications Communication $769.00K USD 1 Quarter
Communications Communication $680.00K USD 1 Quarter
Interchange expense InterchangeExpense $598.00K USD 1 Quarter
Interchange expense InterchangeExpense $688.00K USD 1 Quarter
Loan and collection LoanAndCollection $634.00K USD 1 Quarter
Loan and collection LoanAndCollection $677.00K USD 1 Quarter
Advertising AdvertisingExpense $441.00K USD 1 Quarter
Advertising AdvertisingExpense $672.00K USD 1 Quarter
Legal and professional ProfessionalFees $369.00K 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 $368.00K USD 1 Quarter
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $174.00K USD 1 Quarter
Merger related expenses BusinessCombinationAcquisitionRelatedCosts - USD 1 Quarter
Other OtherNoninterestExpense $1.38M USD 1 Quarter
Other OtherNoninterestExpense $2.46M USD 1 Quarter
Total Non-interest Expense NoninterestExpense $27.99M USD 1 Quarter
Total Non-interest Expense NoninterestExpense $24.14M USD 1 Quarter
Income Before Income Tax IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $11.55M USD 1 Quarter
Income Before Income Tax IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $11.20M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $2.04M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $2.17M USD 1 Quarter
Net Income NetIncomeLoss $9.38M USD 1 Quarter
Net Income NetIncomeLoss $9.16M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.43 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.40 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.42 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.39 USD 1 Quarter
Cash Flow Statement 94 line items
Line Item Tag Value Unit Period
Net Income NetIncomeLoss $9.38M USD 1 Quarter
Net Income NetIncomeLoss $9.16M USD 1 Quarter
Proceeds from the sale of equity securities at fair value ProceedsFromSaleOfEquitySecurities $560.00K USD 1 Quarter
Proceeds from the sale of equity securities at fair value ProceedsFromSaleOfEquitySecurities - USD 1 Quarter
Proceeds from sales of loans held for sale ProceedsFromSaleOfLoansHeldForSale $87.50M USD 1 Quarter
Proceeds from sales of loans held for sale ProceedsFromSaleOfLoansHeldForSale $92.61M USD 1 Quarter
Disbursements for loans held for sale PaymentsForOriginationOfMortgageLoansHeldForSale $82.23M USD 1 Quarter
Disbursements for loans held for sale PaymentsForOriginationOfMortgageLoansHeldForSale $84.75M USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $315.00K USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $664.00K USD 1 Quarter
Deferred income tax expense IncreaseDecreaseInDeferredIncomeTaxes $-2.04M USD 1 Quarter
Deferred income tax expense IncreaseDecreaseInDeferredIncomeTaxes $-2.04M USD 1 Quarter
Deferred loan fees and costs IncreaseDecreaseInLoansDeferredIncome $638.00K USD 1 Quarter
Deferred loan fees and costs IncreaseDecreaseInLoansDeferredIncome $111.00K USD 1 Quarter
Net depreciation, amortization of intangible assets and premiums and accretion of discounts on securities, loans and interest bearing deposits - time DepreciationAmortizationAndAccretionNet $1.48M 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 GainLossOnSalesOfLoansNet $3.61M USD 1 Quarter
Net gains on mortgage loans GainLossOnSalesOfLoansNet $2.57M USD 1 Quarter
Net gains on mortgage loans GainLossOnSalesOfLoansNet $50.00K USD Point-in-time
Net (gains) losses on securities MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments $304.00K USD 1 Quarter
Net (gains) losses on securities MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments $-173.00K USD 1 Quarter
Share based compensation ShareBasedCompensation $407.00K USD 1 Quarter
Share based compensation ShareBasedCompensation $420.00K USD 1 Quarter
Increase in accrued income and other assets IncreaseDecreaseInOtherOperatingAssets $5.96M USD 1 Quarter
Increase in accrued income and other assets IncreaseDecreaseInOtherOperatingAssets $8.11M USD 1 Quarter
Increase (decrease) in accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-5.71M USD 1 Quarter
Increase (decrease) in accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $2.46M USD 1 Quarter
Total Adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $-2.27M USD 1 Quarter
Total Adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $750.00K USD 1 Quarter
Net Cash From Operating Activities NetCashProvidedByUsedInOperatingActivities $6.89M USD 1 Quarter
Net Cash From Operating Activities NetCashProvidedByUsedInOperatingActivities $10.13M USD 1 Quarter
Proceeds from the sale of securities available for sale ProceedsFromSaleOfAvailableForSaleSecurities $42.24M 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 $32.53M USD 1 Quarter
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecurities $71.69M USD 1 Quarter
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecurities $23.64M USD 1 Quarter
Proceeds from the maturity of interest bearing deposits - time ProceedsFromPaymentsForInInterestBearingDepositsInBanks $100.00K USD 1 Quarter
Proceeds from the maturity of interest bearing deposits - time ProceedsFromPaymentsForInInterestBearingDepositsInBanks $1.00M USD 1 Quarter
Net increase in portfolio loans (loans originated, net of principal payments) PaymentsForProceedsFromLoansAndLeases $68.61M USD 1 Quarter
Net increase in portfolio loans (loans originated, net of principal payments) PaymentsForProceedsFromLoansAndLeases $65.65M USD 1 Quarter
Proceeds from the sale of portfolio loans ProceedsFromSaleOfLoansHeldForInvestment $16.46M USD 1 Quarter
Proceeds from the sale of portfolio loans ProceedsFromSaleOfLoansHeldForInvestment $40.63M USD 1 Quarter
Proceeds from the sale of portfolio loans ProceedsFromSaleOfLoansHeldForInvestment $16.46M USD Point-in-time
Proceeds from bank-owned life insurance ProceedsFromLifeInsurancePolicies $474.00K USD 1 Quarter
Proceeds from bank-owned life insurance ProceedsFromLifeInsurancePolicies - 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 $167.00K USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $511.00K USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $921.00K USD 1 Quarter
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-22.19M USD 1 Quarter
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-18.28M USD 1 Quarter
Net increase in total deposits IncreaseDecreaseInDeposits $29.87M USD 1 Quarter
Net increase in total deposits IncreaseDecreaseInDeposits $20.80M USD 1 Quarter
Net increase (decrease) in other borrowings ProceedsFromRepaymentsOfOtherDebt $2.00K USD 1 Quarter
Net increase (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 - USD 1 Quarter
Payments of Federal Home Loan Bank Advances RepaymentsOfFederalHomeLoanBankBorrowings $60.00M USD 1 Quarter
Dividends paid PaymentsOfDividends $4.25M USD 1 Quarter
Dividends paid PaymentsOfDividends $3.21M USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $282.00K USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $13.00K USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $2.53M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Share based compensation withholding obligation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $888.00K USD 1 Quarter
Share based compensation withholding obligation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $866.00K USD 1 Quarter
Net Cash From (Used in) Financing Activities NetCashProvidedByUsedInFinancingActivities $13.44M USD 1 Quarter
Net Cash From (Used in) Financing Activities NetCashProvidedByUsedInFinancingActivities $-967.00K USD 1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-12.36M USD 1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $1.38M USD 1 Quarter
Cash and Cash Equivalents at Beginning of Period CashAndCashEquivalentsAtCarryingValue $54.74M 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 $71.62M USD Point-in-time
Cash and Cash Equivalents at Beginning of Period CashAndCashEquivalentsAtCarryingValue $70.24M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $54.74M 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 $71.62M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $70.24M USD Point-in-time
Interest InterestPaid $6.25M USD 1 Quarter
Interest InterestPaid $2.66M USD 1 Quarter
Income taxes IncomeTaxesPaid - USD 1 Quarter
Income taxes IncomeTaxesPaid - USD 1 Quarter
Operating leases OperatingLeasePayments $563.00K USD 1 Quarter
Operating leases OperatingLeasePayments - 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 $325.00K 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 $1.50M USD 1 Quarter
Securitization of portfolio loans SecuritizationOfPortfolioLoans - USD 1 Quarter
Securitization of portfolio loans SecuritizationOfPortfolioLoans $29.79M USD 1 Quarter
Right of use assets obtained in exchange for lease obligations RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $7.70M USD 1 Quarter
Right of use assets obtained in exchange for lease obligations RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability - USD 1 Quarter
Stockholders Equity 30 line items
Line Item Tag Value Unit Period
Cash dividends declared (in dollars per share) CommonStockDividendsPerShareDeclared $0.15 USD 1 Quarter
Cash dividends declared (in dollars per share) CommonStockDividendsPerShareDeclared $0.18 USD 1 Quarter
Repurchase of shares of common stock (in shares) StockRepurchasedDuringPeriodShares 115,787.00 shares 1 Quarter
Issuance of shares of common stock (in shares) StockIssuedDuringPeriodSharesNewIssues 3,800.00 shares 1 Quarter
Issuance of shares of common stock (in shares) StockIssuedDuringPeriodSharesNewIssues 68,399.00 shares 1 Quarter
Share based compensation, common stock (in shares) StockIssuedDuringPeriodSharesShareBasedCompensation 84,128.00 shares 1 Quarter
Share based compensation, common stock (in shares) StockIssuedDuringPeriodSharesShareBasedCompensation 74,475.00 shares 1 Quarter
Share based compensation withholding obligation, common stock (in shares) SharesPaidForTaxWithholdingForShareBasedCompensation 56,286.00 shares 1 Quarter
Share based compensation withholding obligation, common stock (in shares) SharesPaidForTaxWithholdingForShareBasedCompensation 37,328.00 shares 1 Quarter
Balance at beginning of period StockholdersEquity $338.99M USD Point-in-time
Balance at beginning of period StockholdersEquity $267.92M USD Point-in-time
Balance at beginning of period StockholdersEquity $344.73M USD Point-in-time
Balance at beginning of period StockholdersEquity $264.93M USD Point-in-time
Net income NetIncomeLoss $9.38M USD 1 Quarter
Net income NetIncomeLoss $9.16M USD 1 Quarter
Cash dividends declared DividendsCommonStockCash $3.21M USD 1 Quarter
Cash dividends declared DividendsCommonStockCash $4.25M USD 1 Quarter
Repurchase of common stock StockRepurchasedDuringPeriodValue $2.53M USD 1 Quarter
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $282.00K USD 1 Quarter
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $13.00K USD 1 Quarter
Share based compensation StockIssuedDuringPeriodValueShareBasedCompensation $420.00K USD 1 Quarter
Share based compensation StockIssuedDuringPeriodValueShareBasedCompensation $407.00K USD 1 Quarter
Share based compensation withholding obligation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $888.00K USD 1 Quarter
Share based compensation withholding obligation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $866.00K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $3.29M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-2.50M USD 1 Quarter
Balances at end of period StockholdersEquity $338.99M USD Point-in-time
Balances at end of period StockholdersEquity $267.92M USD Point-in-time
Balances at end of period StockholdersEquity $344.73M USD Point-in-time
Balances at end of period StockholdersEquity $264.93M USD Point-in-time
Comprehensive Income 28 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $9.38M USD 1 Quarter
Net income NetIncomeLoss $9.16M USD 1 Quarter
Unrealized gains (losses) arising during period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $5.36M USD 1 Quarter
Unrealized gains (losses) arising during period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-3.87M USD 1 Quarter
Change in unrealized gains (losses) for which a portion of other than temporary impairment has been recognized in earnings OtherComprehensiveIncomeLossAvailableForSaleSecuritiesOtherThanTemporaryImpairmentLossAdjustmentBeforeReclassificationAdjustmentsAndTax $-1.00K USD 1 Quarter
Change in unrealized gains (losses) for which a portion of other than temporary impairment has been recognized in earnings OtherComprehensiveIncomeLossAvailableForSaleSecuritiesOtherThanTemporaryImpairmentLossAdjustmentBeforeReclassificationAdjustmentsAndTax $-2.00K 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 $137.00K USD 1 Quarter
Unrealized gains (losses) recognized in other comprehensive income (loss) on securities available for sale OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $-3.85M USD 1 Quarter
Unrealized gains (losses) recognized in other comprehensive income (loss) on securities available for sale OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $5.22M USD 1 Quarter
Income tax expense (benefit) OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $1.10M 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 $4.13M USD 1 Quarter
Unrealized gain (loss) arising during period OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $684.00K USD 1 Quarter
Unrealized gain (loss) arising during period OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $-912.00K USD 1 Quarter
Reclassification adjustment for (income) expense recognized in earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $6.00K USD 1 Quarter
Reclassification adjustment for (income) expense recognized in earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $149.00K USD 1 Quarter
Unrealized gains (losses) recognized in other comprehensive income (loss) on derivative instruments OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $-1.06M USD 1 Quarter
Unrealized gains (losses) recognized in other comprehensive income (loss) on derivative instruments OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $678.00K USD 1 Quarter
Income tax expense (benefit) OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $142.00K USD 1 Quarter
Income tax expense (benefit) OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $-224.00K USD 1 Quarter
Unrealized gains (losses) recognized in other comprehensive income (loss) on derivative instruments, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-837.00K USD 1 Quarter
Unrealized gains (losses) recognized in other comprehensive income (loss) on derivative instruments, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $536.00K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $3.29M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-2.50M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $6.66M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $12.67M USD 1 Quarter

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

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