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10-Q Filing

INDEPENDENT BANK CORP /MI/ CIK: 39311 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0001140361-20-010734
Period End Date 20200331
Filing Date 20200505
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance ibcp-20200331.xml
Balance Sheet 90 line items
Line Item Tag Value Unit Period
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
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
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
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares 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
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
Cash and due from banks CashAndDueFromBanks $53.30M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 21.89M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 22.48M shares Point-in-time
Cash and due from banks CashAndDueFromBanks $48.75M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 21.89M shares Point-in-time
Interest bearing deposits InterestBearingDepositsInBanks $12.01M USD Point-in-time
Interest bearing deposits InterestBearingDepositsInBanks $21.54M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 22.48M shares Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $65.30M USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $70.29M USD Point-in-time
Interest bearing deposits - time InterestBearingDepositsTime $350.00K USD Point-in-time
Interest bearing deposits - time InterestBearingDepositsTime - USD Point-in-time
Securities available for sale AvailableForSaleSecurities $594.28M USD Point-in-time
Securities available for sale AvailableForSaleSecurities $518.40M USD Point-in-time
Federal Home Loan Bank and Federal Reserve Bank stock, at cost FederalHomeLoanBankStockAndFederalReserveBankStock $18.36M USD Point-in-time
Federal Home Loan Bank and Federal Reserve Bank stock, at cost FederalHomeLoanBankStockAndFederalReserveBankStock $18.36M USD Point-in-time
Loans held for sale, carried at fair value LoansHeldForSaleFairValueDisclosure $69.80M USD Point-in-time
Loans held for sale, carried at fair value LoansHeldForSaleFairValueDisclosure $64.55M USD Point-in-time
Loans LoansAndLeasesReceivableNetOfDeferredIncome $2.73B USD Point-in-time
Loans LoansAndLeasesReceivableNetOfDeferredIncome $2.72B USD Point-in-time
Allowance for loan losses LoansAndLeasesReceivableAllowance $32.49M USD Point-in-time
Allowance for loan losses LoansAndLeasesReceivableAllowance $26.15M USD Point-in-time
Net Loans LoansAndLeasesReceivableNetReportedAmount $2.70B USD Point-in-time
Net Loans LoansAndLeasesReceivableNetReportedAmount $2.69B USD Point-in-time
Other real estate and repossessed assets, net ForeclosedAssets $1.49M USD Point-in-time
Other real estate and repossessed assets, net ForeclosedAssets $1.86M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $37.78M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $38.41M USD Point-in-time
Bank-owned life insurance BankOwnedLifeInsurance $55.03M USD Point-in-time
Bank-owned life insurance BankOwnedLifeInsurance $55.71M USD Point-in-time
Deferred tax assets, net DeferredIncomeTaxAssetsNet $2.07M USD Point-in-time
Deferred tax assets, net DeferredIncomeTaxAssetsNet $4.28M USD Point-in-time
Capitalized mortgage loan servicing rights, carried at fair value ServicingAssetAtFairValueAmount $14.83M USD Point-in-time
Capitalized mortgage loan servicing rights, carried at fair value ServicingAssetAtFairValueAmount $19.17M USD Point-in-time
Other intangibles IntangibleAssetsNetExcludingGoodwill $5.33M USD Point-in-time
Other intangibles IntangibleAssetsNetExcludingGoodwill $5.07M 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 $52.50M USD Point-in-time
Accrued income and other assets OtherAssets $42.75M USD Point-in-time
Total Assets Assets $3.56B USD Point-in-time
Total Assets Assets $3.63B USD Point-in-time
Non-interest bearing NoninterestBearingDepositLiabilities $852.08M USD Point-in-time
Non-interest bearing NoninterestBearingDepositLiabilities $874.93M USD Point-in-time
Savings and interest-bearing checking DepositsSavingsDeposits $1.23B USD Point-in-time
Savings and interest-bearing checking DepositsSavingsDeposits $1.19B USD Point-in-time
Reciprocal ReciprocalDeposits $464.57M USD Point-in-time
Reciprocal ReciprocalDeposits $431.03M USD Point-in-time
Time InterestBearingDomesticDepositTimeDeposits $376.88M USD Point-in-time
Time InterestBearingDomesticDepositTimeDeposits $359.05M USD Point-in-time
Brokered time InterestBearingDomesticDepositBrokered $155.01M USD Point-in-time
Brokered time InterestBearingDomesticDepositBrokered $190.00M USD Point-in-time
Total Deposits Deposits $3.04B USD Point-in-time
Total Deposits Deposits $3.08B USD Point-in-time
Other borrowings OtherBorrowings $101.95M USD Point-in-time
Other borrowings OtherBorrowings $88.65M USD Point-in-time
Subordinated debentures JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust $39.46M USD Point-in-time
Subordinated debentures JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust $39.47M USD Point-in-time
Accrued expenses and other liabilities OtherLiabilities $49.70M USD Point-in-time
Accrued expenses and other liabilities OtherLiabilities $71.78M USD Point-in-time
Total Liabilities Liabilities $3.30B USD Point-in-time
Total Liabilities Liabilities $3.21B 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: 21,892,001 shares at March 31, 2020 and 22,481,643 shares at December 31, 2019 CommonStockValue $338.53M USD Point-in-time
Common stock, no par value, 500,000,000 shares authorized; issued and outstanding: 21,892,001 shares at March 31, 2020 and 22,481,643 shares at December 31, 2019 CommonStockValue $352.34M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.94M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.61M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-3.79M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-4.85M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $350.17M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $338.99M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $335.62M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $344.73M USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $3.56B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $362.39M USD Point-in-time
Income Statement 70 line items
Line Item Tag Value Unit Period
Interest and fees on loans InterestAndFeeIncomeLoansAndLeases $32.68M USD 1 Quarter
Interest and fees on loans InterestAndFeeIncomeLoansAndLeases $31.76M USD 1 Quarter
Taxable InterestIncomeSecuritiesTaxable $3.06M USD 1 Quarter
Taxable InterestIncomeSecuritiesTaxable $3.01M USD 1 Quarter
Tax-exempt InterestIncomeSecuritiesTaxExempt $374.00K USD 1 Quarter
Tax-exempt InterestIncomeSecuritiesTaxExempt $390.00K USD 1 Quarter
Other investments OtherInterestAndDividendIncome $366.00K USD 1 Quarter
Other investments OtherInterestAndDividendIncome $575.00K USD 1 Quarter
Total Interest Income InterestAndDividendIncomeOperating $35.58M USD 1 Quarter
Total Interest Income InterestAndDividendIncomeOperating $36.64M USD 1 Quarter
Deposits InterestExpenseDeposits $5.68M USD 1 Quarter
Deposits InterestExpenseDeposits $4.70M USD 1 Quarter
Other borrowings and subordinated debentures InterestExpenseBorrowings $688.00K USD 1 Quarter
Other borrowings and subordinated debentures InterestExpenseBorrowings $712.00K USD 1 Quarter
Total Interest Expense InterestExpense $5.39M USD 1 Quarter
Total Interest Expense InterestExpense $6.39M USD 1 Quarter
Net Interest Income InterestIncomeExpenseNet $30.19M USD 1 Quarter
Net Interest Income InterestIncomeExpenseNet $30.24M USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $6.72M USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $664.00K USD 1 Quarter
Net Interest Income After Provision for Loan Losses InterestIncomeExpenseAfterProvisionForLoanLoss $23.47M USD 1 Quarter
Net Interest Income After Provision for Loan Losses InterestIncomeExpenseAfterProvisionForLoanLoss $29.58M USD 1 Quarter
Service charges on deposit accounts DepositorAccountsFeesAndCommissions $2.64M USD 1 Quarter
Service charges on deposit accounts DepositorAccountsFeesAndCommissions $2.59M USD 1 Quarter
Interchange income InterchangeIncome $2.35M USD 1 Quarter
Interchange income InterchangeIncome $2.46M USD 1 Quarter
Mortgage loans GainLossOnSalesOfLoansNet $3.61M USD 1 Quarter
Mortgage loans GainLossOnSalesOfLoansNet $8.84M USD 1 Quarter
Securities MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments $253.00K USD 1 Quarter
Securities MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments $304.00K USD 1 Quarter
Mortgage loan servicing, net MortgageLoanServicingIncome $-5.30M USD 1 Quarter
Mortgage loan servicing, net MortgageLoanServicingIncome $-1.22M USD 1 Quarter
Other NoninterestIncomeOtherOperatingIncome $2.26M USD 1 Quarter
Other NoninterestIncomeOtherOperatingIncome $2.16M USD 1 Quarter
Total Non-Interest Income NoninterestIncome $11.00M USD 1 Quarter
Total Non-Interest Income NoninterestIncome $9.96M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $16.51M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $16.35M USD 1 Quarter
Occupancy, net OccupancyNet $2.50M USD 1 Quarter
Occupancy, net OccupancyNet $2.46M USD 1 Quarter
Data processing DataProcessing $2.35M USD 1 Quarter
Data processing DataProcessing $2.14M USD 1 Quarter
Furniture, fixtures and equipment EquipmentExpense $1.04M USD 1 Quarter
Furniture, fixtures and equipment EquipmentExpense $1.03M USD 1 Quarter
Communications Communication $803.00K USD 1 Quarter
Communications Communication $769.00K USD 1 Quarter
Interchange expense InterchangeExpense $688.00K USD 1 Quarter
Interchange expense InterchangeExpense $859.00K USD 1 Quarter
Loan and collection LoanAndCollection $634.00K USD 1 Quarter
Loan and collection LoanAndCollection $805.00K USD 1 Quarter
Advertising AdvertisingExpense $672.00K USD 1 Quarter
Advertising AdvertisingExpense $683.00K USD 1 Quarter
Legal and professional ProfessionalFees $393.00K USD 1 Quarter
Legal and professional ProfessionalFees $369.00K USD 1 Quarter
FDIC deposit insurance FederalDepositInsuranceCorporationPremiumExpense $368.00K USD 1 Quarter
FDIC deposit insurance FederalDepositInsuranceCorporationPremiumExpense $370.00K USD 1 Quarter
Other OtherNoninterestExpense $2.45M USD 1 Quarter
Other OtherNoninterestExpense $2.46M USD 1 Quarter
Total Non-interest Expense NoninterestExpense $28.72M USD 1 Quarter
Total Non-interest Expense NoninterestExpense $27.99M USD 1 Quarter
Income Before Income Tax IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $5.75M USD 1 Quarter
Income Before Income Tax IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $11.55M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $2.17M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $945.00K USD 1 Quarter
Net Income NetIncomeLoss $4.81M USD 1 Quarter
Net Income NetIncomeLoss $9.38M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.40 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.22 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.39 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.21 USD 1 Quarter
Cash Flow Statement 92 line items
Line Item Tag Value Unit Period
Net Income NetIncomeLoss $4.81M USD 1 Quarter
Net Income NetIncomeLoss $9.38M USD 1 Quarter
Proceeds from the sale of equity securities at fair value ProceedsFromSaleOfEquitySecurities - USD 1 Quarter
Proceeds from the sale of equity securities at fair value ProceedsFromSaleOfEquitySecurities $560.00K USD 1 Quarter
Proceeds from sales of loans held for sale ProceedsFromSaleOfLoansHeldForSale $241.86M USD 1 Quarter
Proceeds from sales of loans held for sale ProceedsFromSaleOfLoansHeldForSale $87.50M USD 1 Quarter
Disbursements for loans held for sale PaymentsForOriginationOfMortgageLoansHeldForSale $82.23M USD 1 Quarter
Disbursements for loans held for sale PaymentsForOriginationOfMortgageLoansHeldForSale $227.76M USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $6.72M USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $664.00K USD 1 Quarter
Deferred income tax expense (benefit) IncreaseDecreaseInDeferredIncomeTaxes $1.93M USD 1 Quarter
Deferred income tax expense (benefit) IncreaseDecreaseInDeferredIncomeTaxes $-2.04M USD 1 Quarter
Deferred loan fees and costs IncreaseDecreaseInLoansDeferredIncome $111.00K USD 1 Quarter
Deferred loan fees and costs IncreaseDecreaseInLoansDeferredIncome $358.00K 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 $1.79M USD 1 Quarter
Net gains on mortgage loans GainLossOnSalesOfLoansNet $3.61M USD 1 Quarter
Net gains on mortgage loans GainLossOnSalesOfLoansNet $8.84M USD 1 Quarter
Net gains on securities MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments $253.00K USD 1 Quarter
Net gains on securities MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments $304.00K USD 1 Quarter
Share based compensation ShareBasedCompensation $420.00K USD 1 Quarter
Share based compensation ShareBasedCompensation $547.00K USD 1 Quarter
(Increase) decrease in accrued income and other assets IncreaseDecreaseInOtherOperatingAssets $-5.09M USD 1 Quarter
(Increase) decrease in accrued income and other assets IncreaseDecreaseInOtherOperatingAssets $8.11M USD 1 Quarter
Increase in accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $599.00K USD 1 Quarter
Increase in accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $2.46M USD 1 Quarter
Total Adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $17.47M USD 1 Quarter
Total Adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $750.00K USD 1 Quarter
Net Cash From Operating Activities NetCashProvidedByUsedInOperatingActivities $10.13M USD 1 Quarter
Net Cash From Operating Activities NetCashProvidedByUsedInOperatingActivities $22.28M 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 $21.74M USD 1 Quarter
Proceeds from maturities, prepayments and calls of securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $32.53M USD 1 Quarter
Proceeds from maturities, prepayments and calls of securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $42.74M USD 1 Quarter
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecurities $103.90M USD 1 Quarter
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecurities $71.69M 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 $350.00K USD 1 Quarter
Net increase in portfolio loans (loans originated, net of principal payments) NetIncreaseDecreaseOfPortfolioLoansOriginatedNetOfPrincipalPayments $65.65M USD 1 Quarter
Net increase in portfolio loans (loans originated, net of principal payments) NetIncreaseDecreaseOfPortfolioLoansOriginatedNetOfPrincipalPayments $22.43M USD 1 Quarter
Proceeds from the sale of portfolio loans ProceedsFromSaleOfLoansHeldForInvestment $2.40M USD 1 Quarter
Proceeds from the sale of portfolio loans ProceedsFromSaleOfLoansHeldForInvestment $40.63M USD 1 Quarter
Proceeds from bank-owned life insurance ProceedsFromLifeInsurancePolicies $945.00K 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 $328.00K USD 1 Quarter
Proceeds from the sale of other real estate and repossessed assets ProceedsFromSaleOfForeclosedAssets $167.00K USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $760.00K USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $511.00K USD 1 Quarter
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-22.19M USD 1 Quarter
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-58.59M USD 1 Quarter
Net increase in total deposits IncreaseDecreaseInDeposits $20.80M USD 1 Quarter
Net increase in total deposits IncreaseDecreaseInDeposits $46.84M USD 1 Quarter
Net increase in other borrowings ProceedsFromRepaymentsOfOtherDebt $2.00K USD 1 Quarter
Net increase in other borrowings ProceedsFromRepaymentsOfOtherDebt $6.30M USD 1 Quarter
Proceeds from Federal Home Loan Bank advances ProceedsFromFederalHomeLoanBankBorrowings $160.00M 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 $153.00M USD 1 Quarter
Dividends paid PaymentsOfDividends $4.48M USD 1 Quarter
Dividends paid PaymentsOfDividends $4.25M USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $282.00K USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $11.00K USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $2.53M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $13.78M USD 1 Quarter
Share based compensation withholding obligation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $590.00K USD 1 Quarter
Share based compensation withholding obligation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $866.00K USD 1 Quarter
Net Cash From Financing Activities NetCashProvidedByUsedInFinancingActivities $41.29M USD 1 Quarter
Net Cash From Financing Activities NetCashProvidedByUsedInFinancingActivities $13.44M USD 1 Quarter
Net Increase in Cash and Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $1.38M USD 1 Quarter
Net Increase in Cash and Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $4.99M USD 1 Quarter
Cash and Cash Equivalents at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $70.29M USD Point-in-time
Cash and Cash Equivalents at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $71.62M USD Point-in-time
Cash and Cash Equivalents at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $70.24M USD Point-in-time
Cash and Cash Equivalents at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $65.30M USD Point-in-time
Cash and Cash Equivalents at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $70.29M USD Point-in-time
Cash and Cash Equivalents at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $71.62M USD Point-in-time
Cash and Cash Equivalents at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $70.24M USD Point-in-time
Cash and Cash Equivalents at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $65.30M USD Point-in-time
Interest InterestPaid $6.25M USD 1 Quarter
Interest InterestPaid $5.49M USD 1 Quarter
Income taxes IncomeTaxesPaid - USD 1 Quarter
Income taxes IncomeTaxesPaid - USD 1 Quarter
Operating leases OperatingLeasePayments $476.00K USD 1 Quarter
Operating leases OperatingLeasePayments $563.00K USD 1 Quarter
Transfers to other real estate and repossessed assets TransferOfOtherRealEstate $66.00K 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 $1.50M USD 1 Quarter
Purchase of securities available for sale not yet settled PurchaseOfSecuritiesAvailableForSaleNotYetSettled $10.50M USD 1 Quarter
Securitization of portfolio loans SecuritizationOfPortfolioLoans $29.79M USD 1 Quarter
Securitization of portfolio loans SecuritizationOfPortfolioLoans $26.32M 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 $116.00K USD 1 Quarter
Stockholders Equity 32 line items
Line Item Tag Value Unit Period
Cash dividends declared (in dollars per share) CommonStockDividendsPerShareDeclared $0.18 USD 1 Quarter
Cash dividends declared (in dollars per share) CommonStockDividendsPerShareDeclared $0.20 USD 1 Quarter
Repurchase of shares of common stock (in shares) StockRepurchasedDuringPeriodShares 678,929.00 shares 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 11,567.00 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 105,894.00 shares 1 Quarter
Share based compensation, common stock (in shares) StockIssuedDuringPeriodSharesShareBasedCompensation 84,128.00 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 28,174.00 shares 1 Quarter
Balance at beginning of period StockholdersEquity $350.17M USD Point-in-time
Balance at beginning of period StockholdersEquity $338.99M USD Point-in-time
Balance at beginning of period StockholdersEquity $335.62M USD Point-in-time
Balance at beginning of period StockholdersEquity $344.73M USD Point-in-time
Net income NetIncomeLoss $4.81M USD 1 Quarter
Net income NetIncomeLoss $9.38M USD 1 Quarter
Cash dividends declared DividendsCommonStockCash $4.48M USD 1 Quarter
Cash dividends declared DividendsCommonStockCash $4.25M USD 1 Quarter
Repurchase of common stock StockRepurchasedDuringPeriodValue $13.78M 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 $11.00K USD 1 Quarter
Share based compensation StockIssuedDuringPeriodValueShareBasedCompensation $547.00K USD 1 Quarter
Share based compensation StockIssuedDuringPeriodValueShareBasedCompensation $420.00K USD 1 Quarter
Share based compensation withholding obligation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $590.00K USD 1 Quarter
Share based compensation withholding obligation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $866.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-1.07M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $3.29M USD 1 Quarter
Balances at end of period StockholdersEquity $350.17M USD Point-in-time
Balances at end of period StockholdersEquity $338.99M USD Point-in-time
Balances at end of period StockholdersEquity $335.62M USD Point-in-time
Balances at end of period StockholdersEquity $344.73M USD Point-in-time
Comprehensive Income 28 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $4.81M USD 1 Quarter
Net income NetIncomeLoss $9.38M USD 1 Quarter
Unrealized gains (losses) arising during period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $5.36M USD 1 Quarter
Unrealized gains (losses) arising during period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-598.00K USD 1 Quarter
Change in unrealized losses for which a portion of other than temporary impairment has been recognized in earnings OtherComprehensiveIncomeLossAvailableForSaleSecuritiesOtherThanTemporaryImpairmentLossAdjustmentBeforeReclassificationAdjustmentsAndTax $-169.00K USD 1 Quarter
Change in unrealized 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 included in earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $137.00K USD 1 Quarter
Reclassification adjustments for gains included in earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $253.00K USD 1 Quarter
Unrealized gains (losses) recognized in other comprehensive income (loss) on securities available for sale OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $5.22M USD 1 Quarter
Unrealized gains (losses) recognized in other comprehensive income (loss) on securities available for sale OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $-1.02M USD 1 Quarter
Income tax expense (benefit) OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $-214.00K USD 1 Quarter
Income tax expense (benefit) OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $1.10M USD 1 Quarter
Unrealized gains (losses) recognized in other comprehensive income (loss) on securities available for sale, net of tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-806.00K 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 $-912.00K USD 1 Quarter
Unrealized gain (loss) arising during period OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $-406.00K USD 1 Quarter
Reclassification adjustment for income recognized in earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $-75.00K USD 1 Quarter
Reclassification adjustment for income recognized in earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $149.00K USD 1 Quarter
Unrealized gains (losses) recognized in other comprehensive income (loss) on derivative instruments OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $-331.00K USD 1 Quarter
Unrealized gains (losses) recognized in other comprehensive income (loss) on derivative instruments OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $-1.06M USD 1 Quarter
Income tax expense (benefit) OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $-224.00K USD 1 Quarter
Income tax expense (benefit) OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $-69.00K 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 $-262.00K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-1.07M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $3.29M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $12.67M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $3.74M USD 1 Quarter

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

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