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10-Q Filing

INDEPENDENT BANK CORP /MI/ CIK: 39311 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0001140361-21-016129
Period End Date 20210331
Filing Date 20210506
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance brhc10023939_10q_htm.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 $56.01M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $49.22M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 21.85M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 21.77M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 21.77M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 21.85M shares Point-in-time
Interest bearing deposits InterestBearingDepositsInBanks $81.29M USD Point-in-time
Interest bearing deposits InterestBearingDepositsInBanks $62.70M USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $130.51M USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $118.70M USD Point-in-time
Securities available for sale AvailableForSaleSecurities $1.07B USD Point-in-time
Securities available for sale AvailableForSaleSecurities $1.25B USD Point-in-time
Federal Home Loan Bank and Federal Reserve Bank stock, at cost FederalHomeLoanBankStockAndFederalReserveBankStock $18.43M USD Point-in-time
Federal Home Loan Bank and Federal Reserve Bank stock, at cost FederalHomeLoanBankStockAndFederalReserveBankStock $18.43M USD Point-in-time
Loans held for sale, carried at fair value LoansHeldForSaleFairValueDisclosure $77.80M USD Point-in-time
Loans held for sale, carried at fair value LoansHeldForSaleFairValueDisclosure $92.43M USD Point-in-time
Loans NotesReceivableGross $2.78B USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLosses $46.76M USD Point-in-time
Net Loans NotesReceivableNet $2.74B USD Point-in-time
Loans LoansAndLeasesReceivableNetOfDeferredIncome $2.73B USD Point-in-time
Allowance for credit losses LoansAndLeasesReceivableAllowance $26.15M USD Point-in-time
Allowance for credit losses LoansAndLeasesReceivableAllowance $32.49M USD Point-in-time
Allowance for credit losses LoansAndLeasesReceivableAllowance $35.43M USD Point-in-time
Net Loans LoansAndLeasesReceivableNetReportedAmount $2.70B USD Point-in-time
Other real estate and repossessed assets, net ForeclosedAssets $766.00K USD Point-in-time
Other real estate and repossessed assets, net ForeclosedAssets $346.00K USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $36.13M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $36.74M USD Point-in-time
Bank-owned life insurance BankOwnedLifeInsurance $55.32M USD Point-in-time
Bank-owned life insurance BankOwnedLifeInsurance $55.18M USD Point-in-time
Capitalized mortgage loan servicing rights, carried at fair value ServicingAssetAtFairValueAmount $23.53M USD Point-in-time
Capitalized mortgage loan servicing rights, carried at fair value ServicingAssetAtFairValueAmount $16.90M USD Point-in-time
Other intangibles IntangibleAssetsNetExcludingGoodwill $4.06M USD Point-in-time
Other intangibles IntangibleAssetsNetExcludingGoodwill $4.31M 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 $66.67M USD Point-in-time
Accrued income and other assets OtherAssets $62.46M USD Point-in-time
Total Assets Assets $4.20B USD Point-in-time
Total Assets Assets $4.43B USD Point-in-time
Non-interest bearing NoninterestBearingDepositLiabilities $1.15B USD Point-in-time
Non-interest bearing NoninterestBearingDepositLiabilities $1.30B USD Point-in-time
Savings and interest-bearing checking DepositsSavingsDeposits $1.67B USD Point-in-time
Savings and interest-bearing checking DepositsSavingsDeposits $1.53B USD Point-in-time
Reciprocal ReciprocalDeposits $608.69M USD Point-in-time
Reciprocal ReciprocalDeposits $556.18M USD Point-in-time
Time InterestBearingDomesticDepositTimeDeposits $287.40M USD Point-in-time
Time InterestBearingDomesticDepositTimeDeposits $275.02M USD Point-in-time
Brokered time InterestBearingDomesticDepositBrokered $113.83M USD Point-in-time
Brokered time InterestBearingDomesticDepositBrokered $2.92M USD Point-in-time
Total Deposits Deposits $3.86B USD Point-in-time
Total Deposits Deposits $3.64B USD Point-in-time
Other borrowings OtherBorrowings $30.01M USD Point-in-time
Other borrowings OtherBorrowings $30.01M USD Point-in-time
Subordinated debt SubordinatedDebt $39.28M USD Point-in-time
Subordinated debt SubordinatedDebt $39.30M USD Point-in-time
Subordinated debentures JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust $39.54M USD Point-in-time
Subordinated debentures JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust $39.52M USD Point-in-time
Accrued expenses and other liabilities OtherLiabilities $68.32M USD Point-in-time
Accrued expenses and other liabilities OtherLiabilities $71.69M USD Point-in-time
Total Liabilities Liabilities $3.81B USD Point-in-time
Total Liabilities Liabilities $4.04B 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: 21,773,734 shares at March 31, 2021 and 21,853,800 shares at December 31, 2020 CommonStockValue $339.35M USD Point-in-time
Common stock, no par value, 500,000,000 shares authorized; issued and outstanding: 21,773,734 shares at March 31, 2021 and 21,853,800 shares at December 31, 2020 CommonStockValue $335.70M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $40.15M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $47.29M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $4.34M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $10.02M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $335.62M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $389.52M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $387.33M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $350.17M USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $4.20B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $4.43B USD Point-in-time
Income Statement 70 line items
Line Item Tag Value Unit Period
Interest and fees on loans InterestAndFeeIncomeLoansAndLeases $31.76M USD 1 Quarter
Interest and fees on loans InterestAndFeeIncomeLoansAndLeases $28.11M USD 1 Quarter
Taxable InterestIncomeSecuritiesTaxable $2.80M USD 1 Quarter
Taxable InterestIncomeSecuritiesTaxable $3.06M USD 1 Quarter
Tax-exempt InterestIncomeSecuritiesTaxExempt $1.38M USD 1 Quarter
Tax-exempt InterestIncomeSecuritiesTaxExempt $390.00K USD 1 Quarter
Other investments OtherInterestAndDividendIncome $366.00K USD 1 Quarter
Other investments OtherInterestAndDividendIncome $217.00K USD 1 Quarter
Total Interest Income InterestAndDividendIncomeOperating $35.58M USD 1 Quarter
Total Interest Income InterestAndDividendIncomeOperating $32.50M USD 1 Quarter
Deposits InterestExpenseDeposits $1.26M USD 1 Quarter
Deposits InterestExpenseDeposits $4.70M USD 1 Quarter
Other borrowings and subordinated debt and debentures InterestExpenseBorrowings $688.00K USD 1 Quarter
Other borrowings and subordinated debt and debentures InterestExpenseBorrowings $962.00K USD 1 Quarter
Total Interest Expense InterestExpense $2.22M USD 1 Quarter
Total Interest Expense InterestExpense $5.39M USD 1 Quarter
Net Interest Income InterestIncomeExpenseNet $30.28M USD 1 Quarter
Net Interest Income InterestIncomeExpenseNet $30.19M USD 1 Quarter
Provision for credit losses ProvisionForLoanLossesExpensed $-474.00K USD 1 Quarter
Provision for credit losses ProvisionForLoanAndLeaseLosses $6.72M USD 1 Quarter
Net Interest Income After Provision for Credit Losses InterestIncomeExpenseAfterProvisionForLoanLoss $23.47M USD 1 Quarter
Net Interest Income After Provision for Credit Losses InterestIncomeExpenseAfterProvisionForLoanLoss $30.76M USD 1 Quarter
Interchange income InterchangeIncome $2.46M USD 1 Quarter
Interchange income InterchangeIncome $3.05M USD 1 Quarter
Service charges on deposit accounts DepositorAccountsFeesAndCommissions $1.92M USD 1 Quarter
Service charges on deposit accounts DepositorAccountsFeesAndCommissions $2.59M USD 1 Quarter
Mortgage loans GainLossOnSalesOfLoansNet $12.83M USD 1 Quarter
Mortgage loans GainLossOnSalesOfLoansNet $8.84M USD 1 Quarter
Securities available for sale MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments $1.42M USD 1 Quarter
Securities available for sale MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments $253.00K USD 1 Quarter
Mortgage loan servicing, net MortgageLoanServicingIncome $5.17M USD 1 Quarter
Mortgage loan servicing, net MortgageLoanServicingIncome $-5.30M USD 1 Quarter
Other NoninterestIncomeOtherOperatingIncome $2.03M USD 1 Quarter
Other NoninterestIncomeOtherOperatingIncome $2.16M USD 1 Quarter
Total Non-Interest Income NoninterestIncome $26.41M USD 1 Quarter
Total Non-Interest Income NoninterestIncome $11.00M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $16.51M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $18.52M USD 1 Quarter
Occupancy, net OccupancyNet $2.34M USD 1 Quarter
Occupancy, net OccupancyNet $2.46M USD 1 Quarter
Data processing DataProcessing $2.35M USD 1 Quarter
Data processing DataProcessing $2.37M USD 1 Quarter
Furniture, fixtures and equipment EquipmentExpense $1.00M USD 1 Quarter
Furniture, fixtures and equipment EquipmentExpense $1.04M USD 1 Quarter
Interchange expense InterchangeExpense $948.00K USD 1 Quarter
Interchange expense InterchangeExpense $859.00K USD 1 Quarter
Communications Communication $803.00K USD 1 Quarter
Communications Communication $881.00K USD 1 Quarter
Loan and collection LoanAndCollection $759.00K USD 1 Quarter
Loan and collection LoanAndCollection $805.00K USD 1 Quarter
Advertising AdvertisingExpense $683.00K USD 1 Quarter
Advertising AdvertisingExpense $489.00K USD 1 Quarter
Legal and professional ProfessionalFees $499.00K USD 1 Quarter
Legal and professional ProfessionalFees $393.00K USD 1 Quarter
FDIC deposit insurance FederalDepositInsuranceCorporationPremiumExpense $330.00K USD 1 Quarter
FDIC deposit insurance FederalDepositInsuranceCorporationPremiumExpense $370.00K USD 1 Quarter
Other OtherNoninterestExpense $1.87M USD 1 Quarter
Other OtherNoninterestExpense $2.45M USD 1 Quarter
Total Non-interest Expense NoninterestExpense $30.02M USD 1 Quarter
Total Non-interest Expense NoninterestExpense $28.72M USD 1 Quarter
Income Before Income Tax IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $27.14M USD 1 Quarter
Income Before Income Tax IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $5.75M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $5.11M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $945.00K USD 1 Quarter
Net Income NetIncomeLoss $22.04M USD 1 Quarter
Net Income NetIncomeLoss $4.81M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.01 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.22 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $1.00 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.21 USD 1 Quarter
Cash Flow Statement 90 line items
Line Item Tag Value Unit Period
Net Income NetIncomeLoss $22.04M USD 1 Quarter
Net Income NetIncomeLoss $4.81M 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 $392.84M USD 1 Quarter
Disbursements for loans held for sale PaymentsForOriginationOfMortgageLoansHeldForSale $365.38M USD 1 Quarter
Disbursements for loans held for sale PaymentsForOriginationOfMortgageLoansHeldForSale $227.76M USD 1 Quarter
Provision for credit losses ProvisionForLoanLossesExpensed $-474.00K USD 1 Quarter
Provision for credit losses ProvisionForLoanAndLeaseLosses $6.72M USD 1 Quarter
Deferred income tax expense (benefit) IncreaseDecreaseInDeferredIncomeTaxes $1.93M USD 1 Quarter
Deferred income tax expense (benefit) IncreaseDecreaseInDeferredIncomeTaxes $-2.07M USD 1 Quarter
Net deferred loan fees (costs) IncreaseDecreaseInLoansDeferredIncome $-2.98M USD 1 Quarter
Net deferred loan fees (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 $3.16M 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 $12.83M USD 1 Quarter
Net gains on mortgage loans GainLossOnSalesOfLoansNet $8.84M USD 1 Quarter
Net gains on securities available for sale MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments $1.42M USD 1 Quarter
Net gains on securities available for sale MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments $253.00K USD 1 Quarter
Share based compensation ShareBasedCompensation $442.00K USD 1 Quarter
Share based compensation ShareBasedCompensation $547.00K USD 1 Quarter
Increase in accrued income and other assets IncreaseDecreaseInOtherOperatingAssets $-5.09M USD 1 Quarter
Increase in accrued income and other assets IncreaseDecreaseInOtherOperatingAssets $8.46M USD 1 Quarter
Increase in accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $95.00K USD 1 Quarter
Increase in accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $599.00K USD 1 Quarter
Total Adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $17.47M USD 1 Quarter
Total Adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $13.03M USD 1 Quarter
Net Cash From Operating Activities NetCashProvidedByUsedInOperatingActivities $22.28M USD 1 Quarter
Net Cash From Operating Activities NetCashProvidedByUsedInOperatingActivities $35.06M USD 1 Quarter
Proceeds from the sale of securities available for sale ProceedsFromSaleOfAvailableForSaleSecurities $21.74M USD 1 Quarter
Proceeds from the sale of securities available for sale ProceedsFromSaleOfAvailableForSaleSecurities $78.18M USD 1 Quarter
Proceeds from maturities, prepayments and calls of securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $42.74M USD 1 Quarter
Proceeds from maturities, prepayments and calls of securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $107.83M USD 1 Quarter
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecurities $103.90M USD 1 Quarter
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecurities $367.65M USD 1 Quarter
Proceeds from the maturity of interest bearing deposits - time ProceedsFromPaymentsForInInterestBearingDepositsInBanks - 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 $52.94M 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 - USD 1 Quarter
Proceeds from the sale of portfolio loans ProceedsFromSaleOfLoansHeldForInvestment $2.40M USD 1 Quarter
Proceeds from bank-owned life insurance ProceedsFromLifeInsurancePolicies - USD 1 Quarter
Proceeds from bank-owned life insurance ProceedsFromLifeInsurancePolicies $945.00K USD 1 Quarter
Proceeds from the sale of other real estate and repossessed assets ProceedsFromSaleOfForeclosedAssets $733.00K USD 1 Quarter
Proceeds from the sale of other real estate and repossessed assets ProceedsFromSaleOfForeclosedAssets $328.00K USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $1.95M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $760.00K USD 1 Quarter
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-58.59M USD 1 Quarter
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-235.79M USD 1 Quarter
Net increase in total deposits IncreaseDecreaseInDeposits $221.22M USD 1 Quarter
Net increase in total deposits IncreaseDecreaseInDeposits $46.84M USD 1 Quarter
Net increase (decrease) in other borrowings ProceedsFromRepaymentsOfOtherDebt $-6.00K USD 1 Quarter
Net increase (decrease) in other borrowings ProceedsFromRepaymentsOfOtherDebt $6.30M USD 1 Quarter
Proceeds from Federal Home Loan Bank advances ProceedsFromFederalHomeLoanBankBorrowings - USD 1 Quarter
Proceeds from Federal Home Loan Bank advances ProceedsFromFederalHomeLoanBankBorrowings $160.00M USD 1 Quarter
Payments of Federal Home Loan Bank advances RepaymentsOfFederalHomeLoanBankBorrowings $153.00M USD 1 Quarter
Payments of Federal Home Loan Bank advances RepaymentsOfFederalHomeLoanBankBorrowings - USD 1 Quarter
Dividends paid PaymentsOfDividends $4.59M USD 1 Quarter
Dividends paid PaymentsOfDividends $4.48M USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $19.00K USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $11.00K USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $3.60M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $13.78M USD 1 Quarter
Share based compensation withholding obligation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $509.00K USD 1 Quarter
Share based compensation withholding obligation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $590.00K USD 1 Quarter
Net Cash From Financing Activities NetCashProvidedByUsedInFinancingActivities $41.29M USD 1 Quarter
Net Cash From Financing Activities NetCashProvidedByUsedInFinancingActivities $212.53M USD 1 Quarter
Net Increase in Cash and Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $4.99M USD 1 Quarter
Net Increase in Cash and Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $11.80M USD 1 Quarter
Cash and Cash Equivalents at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $65.30M USD Point-in-time
Cash and Cash Equivalents at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $70.29M USD Point-in-time
Cash and Cash Equivalents at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $130.51M USD Point-in-time
Cash and Cash Equivalents at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $118.70M USD Point-in-time
Cash and Cash Equivalents at End 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 $130.51M USD Point-in-time
Cash and Cash Equivalents at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $118.70M USD Point-in-time
Interest InterestPaidNet $1.67M USD 1 Quarter
Interest InterestPaidNet $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 $439.00K 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 $133.00K USD 1 Quarter
Purchase of securities available for sale not yet settled PurchaseOfSecuritiesAvailableForSaleNotYetSettled $10.50M USD 1 Quarter
Purchase of securities available for sale not yet settled PurchaseOfSecuritiesAvailableForSaleNotYetSettled $7.21M USD 1 Quarter
Securitization of portfolio loans SecuritizationOfPortfolioLoans - USD 1 Quarter
Securitization of portfolio loans SecuritizationOfPortfolioLoans $26.32M USD 1 Quarter
Right of use assets obtained in exchange for lease obligations RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $116.00K USD 1 Quarter
Right of use assets obtained in exchange for lease obligations RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability - USD 1 Quarter
Stockholders Equity 32 line items
Line Item Tag Value Unit Period
Cash dividends declared (in dollars per share) CommonStockDividendsPerShareDeclared $0.21 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 180,667.00 shares 1 Quarter
Repurchase of shares of common stock (in shares) StockRepurchasedDuringPeriodShares 678,929.00 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 19,050.00 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 109,075.00 shares 1 Quarter
Share based compensation withholding obligation, common stock (in shares) SharesPaidForTaxWithholdingForShareBasedCompensation 28,174.00 shares 1 Quarter
Share based compensation withholding obligation, common stock (in shares) SharesPaidForTaxWithholdingForShareBasedCompensation 27,524.00 shares 1 Quarter
Balance at beginning of period StockholdersEquity $335.62M USD Point-in-time
Balance at beginning of period StockholdersEquity $389.52M USD Point-in-time
Balance at beginning of period StockholdersEquity $387.33M USD Point-in-time
Balance at beginning of period StockholdersEquity $350.17M USD Point-in-time
Net income NetIncomeLoss $22.04M USD 1 Quarter
Net income NetIncomeLoss $4.81M USD 1 Quarter
Cash dividends declared DividendsCommonStockCash $4.48M USD 1 Quarter
Cash dividends declared DividendsCommonStockCash $4.59M USD 1 Quarter
Repurchase of common stock StockRepurchasedDuringPeriodValue $13.78M USD 1 Quarter
Repurchase of common stock StockRepurchasedDuringPeriodValue $3.60M USD 1 Quarter
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $19.00K 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 $442.00K USD 1 Quarter
Share based compensation withholding obligation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $509.00K USD 1 Quarter
Share based compensation withholding obligation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $590.00K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-5.69M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-1.07M USD 1 Quarter
Balances at end of period StockholdersEquity $335.62M USD Point-in-time
Balances at end of period StockholdersEquity $389.52M USD Point-in-time
Balances at end of period StockholdersEquity $387.33M USD Point-in-time
Balances at end of period StockholdersEquity $350.17M USD Point-in-time
Comprehensive Income 28 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $22.04M USD 1 Quarter
Net income NetIncomeLoss $4.81M USD 1 Quarter
Unrealized losses arising during period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-5.78M USD 1 Quarter
Unrealized losses arising during period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-598.00K USD 1 Quarter
Change in unrealized gains and losses for which a portion of other than temporary impairment has been recognized in earnings OtherComprehensiveIncomeLossAvailableForSaleSecuritiesOtherThanTemporaryImpairmentLossAdjustmentBeforeReclassificationAdjustmentsAndTax $-169.00K USD 1 Quarter
Change in unrealized gains and losses for which a portion of other than temporary impairment has been recognized in earnings OtherComprehensiveIncomeLossAvailableForSaleSecuritiesOtherThanTemporaryImpairmentLossAdjustmentBeforeReclassificationAdjustmentsAndTax - USD 1 Quarter
Reclassification adjustments for gains included in earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $1.42M USD 1 Quarter
Reclassification adjustments for gains included in earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $253.00K USD 1 Quarter
Unrealized losses recognized in other comprehensive loss on securities available for sale OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $-1.02M USD 1 Quarter
Unrealized losses recognized in other comprehensive loss on securities available for sale OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $-7.20M USD 1 Quarter
Income tax benefit OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $-214.00K USD 1 Quarter
Income tax benefit OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $-1.51M USD 1 Quarter
Unrealized losses recognized in other comprehensive loss on securities available for sale, net of tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-806.00K USD 1 Quarter
Unrealized losses recognized in other comprehensive loss on securities available for sale, net of tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-5.69M USD 1 Quarter
Unrealized loss arising during period OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax - USD 1 Quarter
Unrealized loss arising during period OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $-406.00K USD 1 Quarter
Reclassification adjustment for expense recognized in earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax - USD 1 Quarter
Reclassification adjustment for expense recognized in earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $-75.00K USD 1 Quarter
Unrealized losses recognized in other comprehensive loss on derivative instruments OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax - USD 1 Quarter
Unrealized losses recognized in other comprehensive loss on derivative instruments OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $-331.00K USD 1 Quarter
Income tax benefit OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $-69.00K USD 1 Quarter
Income tax benefit OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax - USD 1 Quarter
Unrealized losses recognized in other comprehensive loss on derivative instruments, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-262.00K USD 1 Quarter
Unrealized losses recognized in other comprehensive loss on derivative instruments, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax - USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-5.69M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-1.07M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $16.35M 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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