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10-Q Filing

INDEPENDENT BANK CORP /MI/ CIK: 39311 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0001140361-22-017761
Period End Date 20220331
Filing Date 20220505
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance brhc10037108_10q_htm.xml
Balance Sheet 92 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 $51.07M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 21.17M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 21.17M shares Point-in-time
Cash and due from banks CashAndDueFromBanks $46.60M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 21.17M shares Point-in-time
Interest bearing deposits InterestBearingDepositsInBanks $58.40M USD Point-in-time
Interest bearing deposits InterestBearingDepositsInBanks $63.22M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 21.17M shares Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $109.82M USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $109.47M USD Point-in-time
Securities available for sale AvailableForSaleSecuritiesDebtSecurities $1.41B USD Point-in-time
Securities available for sale AvailableForSaleSecuritiesDebtSecurities $1.40B 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 $17.65M USD Point-in-time
Loans held for sale, carried at fair value LoansHeldForSaleFairValueDisclosure $29.51M USD Point-in-time
Loans held for sale, carried at fair value LoansHeldForSaleFairValueDisclosure $55.47M USD Point-in-time
Loans held for sale, carried at lower of cost or fair value LoansHeldForSaleCarriedAtLowerOfCostOrFairValue - USD Point-in-time
Loans held for sale, carried at lower of cost or fair value LoansHeldForSaleCarriedAtLowerOfCostOrFairValue $34.81M USD Point-in-time
Loans NotesReceivableGross $2.91B USD Point-in-time
Loans NotesReceivableGross $3.00B USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLosses $35.43M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLosses $45.63M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLosses $46.76M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLosses $47.25M USD Point-in-time
Net Loans NotesReceivableNet $2.86B USD Point-in-time
Net Loans NotesReceivableNet $2.96B USD Point-in-time
Other real estate and repossessed assets, net ForeclosedAssets $245.00K USD Point-in-time
Other real estate and repossessed assets, net ForeclosedAssets $438.00K USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $36.40M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $37.38M USD Point-in-time
Bank-owned life insurance BankOwnedLifeInsurance $55.28M USD Point-in-time
Bank-owned life insurance BankOwnedLifeInsurance $54.98M USD Point-in-time
Capitalized mortgage loan servicing rights, carried at fair value ServicingAssetAtFairValueAmount $26.23M USD Point-in-time
Capitalized mortgage loan servicing rights, carried at fair value ServicingAssetAtFairValueAmount $35.93M USD Point-in-time
Other intangibles IntangibleAssetsNetExcludingGoodwill $3.10M USD Point-in-time
Other intangibles IntangibleAssetsNetExcludingGoodwill $3.34M 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 $86.28M USD Point-in-time
Accrued income and other assets OtherAssets $66.14M USD Point-in-time
Total Assets Assets $4.70B USD Point-in-time
Total Assets Assets $4.76B USD Point-in-time
Non-interest bearing NoninterestBearingDepositLiabilities $1.32B USD Point-in-time
Non-interest bearing NoninterestBearingDepositLiabilities $1.32B USD Point-in-time
Savings and interest-bearing checking DepositsSavingsDeposits $1.97B USD Point-in-time
Savings and interest-bearing checking DepositsSavingsDeposits $1.90B USD Point-in-time
Reciprocal ReciprocalDeposits $586.63M USD Point-in-time
Reciprocal ReciprocalDeposits $605.33M USD Point-in-time
Time InterestBearingDomesticDepositTimeDeposits $308.44M USD Point-in-time
Time InterestBearingDomesticDepositTimeDeposits $306.38M USD Point-in-time
Brokered time InterestBearingDomesticDepositBrokered $2.94M USD Point-in-time
Brokered time InterestBearingDomesticDepositBrokered $2.94M USD Point-in-time
Total Deposits Deposits $4.21B USD Point-in-time
Total Deposits Deposits $4.12B 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 $39.38M USD Point-in-time
Subordinated debt SubordinatedDebt $39.36M USD Point-in-time
Subordinated debentures JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust $39.61M USD Point-in-time
Subordinated debentures JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust $39.59M USD Point-in-time
Accrued expenses and other liabilities OtherLiabilities $92.05M USD Point-in-time
Accrued expenses and other liabilities OtherLiabilities $80.21M USD Point-in-time
Total Liabilities Liabilities $4.31B USD Point-in-time
Total Liabilities Liabilities $4.41B 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: 21,168,230 shares at March 31, 2022 and 21,171,036 shares at December 31, 2021 CommonStockValue $321.98M USD Point-in-time
Common stock, no par value, 500,000,000 shares authorized; issued and outstanding: 21,168,230 shares at March 31, 2022 and 21,171,036 shares at December 31, 2021 CommonStockValue $323.40M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $87.88M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $74.58M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $501.00K USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-54.41M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $387.33M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $355.45M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $389.52M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $398.48M USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $4.76B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $4.70B USD Point-in-time
Income Statement 76 line items
Line Item Tag Value Unit Period
Interest and fees on loans InterestAndFeeIncomeLoansAndLeases $28.42M USD 1 Quarter
Interest and fees on loans InterestAndFeeIncomeLoansAndLeases $28.11M USD 1 Quarter
Taxable InterestIncomeSecuritiesTaxable $4.55M USD 1 Quarter
Taxable InterestIncomeSecuritiesTaxable $2.80M USD 1 Quarter
Tax-exempt InterestIncomeSecuritiesTaxExempt $1.38M USD 1 Quarter
Tax-exempt InterestIncomeSecuritiesTaxExempt $1.55M USD 1 Quarter
Other investments OtherInterestAndDividendIncome $217.00K USD 1 Quarter
Other investments OtherInterestAndDividendIncome $217.00K USD 1 Quarter
Total Interest Income InterestAndDividendIncomeOperating $34.74M USD 1 Quarter
Total Interest Income InterestAndDividendIncomeOperating $32.50M USD 1 Quarter
Deposits InterestExpenseDeposits $1.26M USD 1 Quarter
Deposits InterestExpenseDeposits $767.00K USD 1 Quarter
Other borrowings and subordinated debt and debentures InterestExpenseBorrowings $962.00K USD 1 Quarter
Other borrowings and subordinated debt and debentures InterestExpenseBorrowings $973.00K USD 1 Quarter
Total Interest Expense InterestExpense $1.74M USD 1 Quarter
Total Interest Expense InterestExpense $2.22M USD 1 Quarter
Net Interest Income InterestIncomeExpenseNet $30.28M USD 1 Quarter
Net Interest Income InterestIncomeExpenseNet $33.00M USD 1 Quarter
Provision for credit losses ProvisionForLoanLossesExpensed $-1.57M USD 1 Quarter
Provision for credit losses ProvisionForLoanLossesExpensed $-474.00K USD 1 Quarter
Net Interest Income After Provision for Credit Losses InterestIncomeExpenseAfterProvisionForLoanLoss $34.57M USD 1 Quarter
Net Interest Income After Provision for Credit Losses InterestIncomeExpenseAfterProvisionForLoanLoss $30.76M USD 1 Quarter
Interchange income InterchangeIncome $3.08M USD 1 Quarter
Interchange income InterchangeIncome $3.05M USD 1 Quarter
Service charges on deposit accounts DepositorAccountsFeesAndCommissions $2.96M USD 1 Quarter
Service charges on deposit accounts DepositorAccountsFeesAndCommissions $1.92M USD 1 Quarter
Mortgage loans GainLossOnSalesOfLoansNet $835.00K USD 1 Quarter
Mortgage loans GainLossOnSalesOfLoansNet $12.83M USD 1 Quarter
Securities available for sale MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments $1.42M USD 1 Quarter
Securities available for sale MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments $70.00K USD 1 Quarter
Mortgage loan servicing, net MortgageLoanServicingIncome $5.17M USD 1 Quarter
Mortgage loan servicing, net MortgageLoanServicingIncome $9.64M USD 1 Quarter
Other NoninterestIncomeOtherOperatingIncome $2.03M USD 1 Quarter
Other NoninterestIncomeOtherOperatingIncome $2.36M USD 1 Quarter
Total Non-interest Income NoninterestIncome $26.41M USD 1 Quarter
Total Non-interest Income NoninterestIncome $18.95M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $18.52M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $20.13M USD 1 Quarter
Occupancy, net OccupancyNet $2.54M USD 1 Quarter
Occupancy, net OccupancyNet $2.34M USD 1 Quarter
Data processing DataProcessing $2.37M USD 1 Quarter
Data processing DataProcessing $2.22M USD 1 Quarter
Furniture, fixtures and equipment EquipmentExpense $1.04M USD 1 Quarter
Furniture, fixtures and equipment EquipmentExpense $1.00M USD 1 Quarter
Interchange expense InterchangeExpense $948.00K USD 1 Quarter
Interchange expense InterchangeExpense $1.01M USD 1 Quarter
Communications Communication $757.00K USD 1 Quarter
Communications Communication $881.00K USD 1 Quarter
Advertising AdvertisingExpense $489.00K USD 1 Quarter
Advertising AdvertisingExpense $680.00K USD 1 Quarter
Loan and collection LoanAndCollection $559.00K USD 1 Quarter
Loan and collection LoanAndCollection $759.00K USD 1 Quarter
FDIC deposit insurance FederalDepositInsuranceCorporationPremiumExpense $330.00K USD 1 Quarter
FDIC deposit insurance FederalDepositInsuranceCorporationPremiumExpense $522.00K USD 1 Quarter
Legal and professional ProfessionalFees $499.00K USD 1 Quarter
Legal and professional ProfessionalFees $493.00K USD 1 Quarter
Conversion related expense ConversionRelatedExpense $44.00K USD 1 Quarter
Conversion related expense ConversionRelatedExpense $218.00K USD 1 Quarter
Net gains on other real estate and repossessed assets GainsLossesOnSalesOfOtherRealEstate $180.00K USD 1 Quarter
Net gains on other real estate and repossessed assets GainsLossesOnSalesOfOtherRealEstate $55.00K USD 1 Quarter
Recoveries related to unfunded lending commitments RecoveriesRelatedToUnfundedLendingCommitments $355.00K USD 1 Quarter
Recoveries related to unfunded lending commitments RecoveriesRelatedToUnfundedLendingCommitments $32.00K USD 1 Quarter
Other OtherNoninterestExpense $1.87M USD 1 Quarter
Other OtherNoninterestExpense $1.86M USD 1 Quarter
Total Non-interest Expense NoninterestExpense $31.45M USD 1 Quarter
Total Non-interest Expense NoninterestExpense $30.02M USD 1 Quarter
Income Before Income Tax IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $22.07M USD 1 Quarter
Income Before Income Tax IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $27.14M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $5.11M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $4.11M USD 1 Quarter
Net Income NetIncomeLoss $22.04M USD 1 Quarter
Net Income NetIncomeLoss $17.97M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.85 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.01 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.84 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $1.00 USD 1 Quarter
Cash Flow Statement 80 line items
Line Item Tag Value Unit Period
Net Income NetIncomeLoss $22.04M USD 1 Quarter
Net Income NetIncomeLoss $17.97M USD 1 Quarter
Proceeds from sales of loans held for sale ProceedsFromSaleOfLoansHeldForSale $392.84M USD 1 Quarter
Proceeds from sales of loans held for sale ProceedsFromSaleOfLoansHeldForSale $190.62M USD 1 Quarter
Disbursements for loans held for sale PaymentsForOriginationOfMortgageLoansHeldForSale $164.23M USD 1 Quarter
Disbursements for loans held for sale PaymentsForOriginationOfMortgageLoansHeldForSale $365.38M USD 1 Quarter
Provision for credit losses ProvisionForLoanLossesExpensed $-1.57M USD 1 Quarter
Provision for credit losses ProvisionForLoanLossesExpensed $-474.00K USD 1 Quarter
Deferred income tax expense IncreaseDecreaseInDeferredIncomeTaxes $-2.17M USD 1 Quarter
Deferred income tax expense IncreaseDecreaseInDeferredIncomeTaxes $-2.07M USD 1 Quarter
Net deferred loan fees (costs) IncreaseDecreaseInLoansDeferredIncome $-2.98M USD 1 Quarter
Net deferred loan fees (costs) IncreaseDecreaseInLoansDeferredIncome $1.11M USD 1 Quarter
Net depreciation, amortization of intangible assets and premiums and accretion of discounts on securities and loans DepreciationAmortizationAndAccretionNet $3.16M USD 1 Quarter
Net depreciation, amortization of intangible assets and premiums and accretion of discounts on securities and loans DepreciationAmortizationAndAccretionNet $2.87M USD 1 Quarter
Net gains on mortgage loans GainLossOnSalesOfLoansNet $835.00K USD 1 Quarter
Net gains on mortgage loans GainLossOnSalesOfLoansNet $12.83M USD 1 Quarter
Net gains on securities available for sale MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments $1.42M USD 1 Quarter
Net gains on securities available for sale MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments $70.00K USD 1 Quarter
Share based compensation ShareBasedCompensation $442.00K USD 1 Quarter
Share based compensation ShareBasedCompensation $511.00K USD 1 Quarter
Increase in accrued income and other assets IncreaseDecreaseInOtherOperatingAssets $6.95M USD 1 Quarter
Increase in accrued income and other assets IncreaseDecreaseInOtherOperatingAssets $8.46M USD 1 Quarter
Increase in accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-789.00K USD 1 Quarter
Increase in accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $95.00K USD 1 Quarter
Total Adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $13.03M USD 1 Quarter
Total Adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $20.60M USD 1 Quarter
Net Cash From Operating Activities NetCashProvidedByUsedInOperatingActivities $38.57M USD 1 Quarter
Net Cash From Operating Activities NetCashProvidedByUsedInOperatingActivities $35.06M USD 1 Quarter
Proceeds from the sale of securities available for sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $4.39M USD 1 Quarter
Proceeds from the sale of securities available for sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $78.18M USD 1 Quarter
Proceeds from maturities, prepayments and calls of securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $64.10M 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 PaymentsToAcquireAvailableForSaleSecuritiesDebt $124.56M USD 1 Quarter
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $367.65M USD 1 Quarter
Proceeds from the redemption of Federal Home Loan Bank stock ProceedsFromSaleOfFederalHomeLoanBankStock $774.00K USD 1 Quarter
Proceeds from the redemption of Federal Home Loan Bank stock ProceedsFromSaleOfFederalHomeLoanBankStock - 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 $96.68M USD 1 Quarter
Proceeds from the sale of portfolio loans ProceedsFromSaleOfLoansHeldForInvestment $33.76M USD 1 Quarter
Proceeds from the sale of portfolio loans ProceedsFromSaleOfLoansHeldForInvestment - USD 1 Quarter
Proceeds from bank-owned life insurance ProceedsFromLifeInsurancePolicies $433.00K 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 $138.00K USD 1 Quarter
Proceeds from the sale of other real estate and repossessed assets ProceedsFromSaleOfForeclosedAssets $733.00K USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $1.95M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $2.38M USD 1 Quarter
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-120.03M USD 1 Quarter
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-235.79M USD 1 Quarter
Net increase in total deposits IncreaseDecreaseInDeposits $88.41M USD 1 Quarter
Net increase in total deposits IncreaseDecreaseInDeposits $221.22M USD 1 Quarter
Net decrease in other borrowings ProceedsFromRepaymentsOfOtherDebt $-3.00K USD 1 Quarter
Net decrease in other borrowings ProceedsFromRepaymentsOfOtherDebt $-6.00K USD 1 Quarter
Dividends paid PaymentsOfDividends $4.59M USD 1 Quarter
Dividends paid PaymentsOfDividends $4.67M USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $13.00K USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $19.00K USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $3.60M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $1.38M USD 1 Quarter
Share based compensation withholding obligation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $560.00K USD 1 Quarter
Share based compensation withholding obligation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $509.00K USD 1 Quarter
Net Cash From Financing Activities NetCashProvidedByUsedInFinancingActivities $212.53M USD 1 Quarter
Net Cash From Financing Activities NetCashProvidedByUsedInFinancingActivities $81.81M USD 1 Quarter
Net Increase in Cash and Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $11.80M USD 1 Quarter
Net Increase in Cash and Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $348.00K USD 1 Quarter
Cash and Cash Equivalents at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $130.51M USD Point-in-time
Cash and Cash Equivalents at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $109.82M USD Point-in-time
Cash and Cash Equivalents at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $118.70M USD Point-in-time
Cash and Cash Equivalents at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $109.47M 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 $109.82M USD Point-in-time
Cash and Cash Equivalents at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $118.70M USD Point-in-time
Cash and Cash Equivalents at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $109.47M USD Point-in-time
Interest InterestPaidNet $1.10M USD 1 Quarter
Interest InterestPaidNet $1.67M USD 1 Quarter
Income taxes IncomeTaxesPaid - USD 1 Quarter
Income taxes IncomeTaxesPaid - USD 1 Quarter
Transfers to other real estate and repossessed assets TransferOfOtherRealEstate $133.00K USD 1 Quarter
Transfers to other real estate and repossessed assets TransferOfOtherRealEstate $276.00K USD 1 Quarter
Purchase of securities available for sale not yet settled PurchaseOfSecuritiesAvailableForSaleNotYetSettled $10.54M USD 1 Quarter
Purchase of securities available for sale not yet settled PurchaseOfSecuritiesAvailableForSaleNotYetSettled $7.21M USD 1 Quarter
Stockholders Equity 32 line items
Line Item Tag Value Unit Period
Cash dividends declared (in dollars per share) CommonStockDividendsPerShareDeclared $0.22 USD 1 Quarter
Cash dividends declared (in dollars per share) CommonStockDividendsPerShareDeclared $0.21 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 59,002.00 shares 1 Quarter
Issuance of shares of common stock (in shares) StockIssuedDuringPeriodSharesNewIssues 19,050.00 shares 1 Quarter
Issuance of shares of common stock (in shares) StockIssuedDuringPeriodSharesNewIssues 15,100.00 shares 1 Quarter
Share based compensation, common stock (in shares) StockIssuedDuringPeriodSharesShareBasedCompensation 65,461.00 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 24,365.00 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 $387.33M USD Point-in-time
Balance at beginning of period StockholdersEquity $355.45M USD Point-in-time
Balance at beginning of period StockholdersEquity $389.52M USD Point-in-time
Balance at beginning of period StockholdersEquity $398.48M USD Point-in-time
Net income NetIncomeLoss $22.04M USD 1 Quarter
Net income NetIncomeLoss $17.97M USD 1 Quarter
Cash dividends declared DividendsCommonStockCash $4.67M USD 1 Quarter
Cash dividends declared DividendsCommonStockCash $4.59M USD 1 Quarter
Repurchase of common stock StockRepurchasedDuringPeriodValue $3.60M USD 1 Quarter
Repurchase of common stock StockRepurchasedDuringPeriodValue $1.38M USD 1 Quarter
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $19.00K USD 1 Quarter
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $13.00K USD 1 Quarter
Share based compensation StockIssuedDuringPeriodValueShareBasedCompensation $442.00K USD 1 Quarter
Share based compensation StockIssuedDuringPeriodValueShareBasedCompensation $511.00K USD 1 Quarter
Share based compensation withholding obligation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $560.00K USD 1 Quarter
Share based compensation withholding obligation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $509.00K USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-54.91M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-5.69M USD 1 Quarter
Balances at end of period StockholdersEquity $387.33M USD Point-in-time
Balances at end of period StockholdersEquity $355.45M USD Point-in-time
Balances at end of period StockholdersEquity $389.52M USD Point-in-time
Balances at end of period StockholdersEquity $398.48M USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $22.04M USD 1 Quarter
Net income NetIncomeLoss $17.97M USD 1 Quarter
Unrealized losses arising during period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-69.44M USD 1 Quarter
Unrealized losses arising during period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-5.78M USD 1 Quarter
Reclassification adjustments for gains included in earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $1.42M USD 1 Quarter
Reclassification adjustments for gains included in earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $70.00K USD 1 Quarter
Unrealized losses recognized in other comprehensive loss on securities available for sale OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $-69.51M 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 $-1.51M USD 1 Quarter
Income tax benefit OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $-14.60M USD 1 Quarter
Unrealized losses recognized in other comprehensive loss on securities available for sale, net of tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-54.91M USD 1 Quarter
Unrealized losses recognized in other comprehensive loss on securities available for sale, net of tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-5.69M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-54.91M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-5.69M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $16.35M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $-36.95M USD 1 Quarter

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

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