10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-21-154601 |
| Period End Date | 20210331 |
| Filing Date | 20210507 |
| Fiscal Year | 2021 |
| Fiscal Period | Q1 |
| XBRL Instance | d119489d10q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
71 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Loans, allowance for loan losses |
LoansAndLeasesReceivableAllowance
|
$3.75M | USD | Point-in-time |
| Loans, allowance for loan losses |
LoansAndLeasesReceivableAllowance
|
$4.74M | USD | Point-in-time |
| Loans, allowance for loan losses |
LoansAndLeasesReceivableAllowance
|
$4.77M | USD | Point-in-time |
| Loans, allowance for loan losses |
LoansAndLeasesReceivableAllowance
|
$3.82M | USD | Point-in-time |
| Cash and due from banks |
CashAndCashEquivalentsAtCarryingValue
|
$15.94M | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.20 | USD | Point-in-time |
| Cash and due from banks |
CashAndCashEquivalentsAtCarryingValue
|
$26.67M | USD | Point-in-time |
| Cash and due from banks |
CashAndCashEquivalentsAtCarryingValue
|
$16.84M | USD | Point-in-time |
| Cash and due from banks |
CashAndCashEquivalentsAtCarryingValue
|
$19.61M | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.20 | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
22.50M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
22.50M | shares | Point-in-time |
| Interest bearing deposits with other banks |
InterestBearingDepositsWithOtherBanks
|
$25.01M | USD | Point-in-time |
| Interest bearing deposits with other banks |
InterestBearingDepositsWithOtherBanks
|
$25.47M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
5.59M | shares | Point-in-time |
| Investment securities available for sale, at fair value |
AvailableForSaleSecuritiesDebtSecurities
|
$678.75M | USD | Point-in-time |
| Investment securities available for sale, at fair value |
AvailableForSaleSecuritiesDebtSecurities
|
$774.25M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
5.59M | shares | Point-in-time |
| Loans, net of allowance for loan losses of $3,816 in 2020 and $3,755 in 2019 |
LoansAndLeasesReceivableNetReportedAmount
|
$647.52M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
5.59M | shares | Point-in-time |
| Loans, net of allowance for loan losses of $3,816 in 2020 and $3,755 in 2019 |
LoansAndLeasesReceivableNetReportedAmount
|
$634.40M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
5.59M | shares | Point-in-time |
| Accumulated other comprehensive loss, tax benefits |
AccumulatedOtherComprehensiveIncomeLossTax
|
$3.17M | USD | Point-in-time |
| Premises and equipment, net |
PropertyPlantAndEquipmentNet
|
$25.63M | USD | Point-in-time |
| Premises and equipment, net |
PropertyPlantAndEquipmentNet
|
$25.63M | USD | Point-in-time |
| Accumulated other comprehensive loss, tax benefits |
AccumulatedOtherComprehensiveIncomeLossTax
|
$1.38M | USD | Point-in-time |
| Other real estate owned, net |
OtherRealEstateAndForeclosedAssets
|
$4.88M | USD | Point-in-time |
| Other real estate owned, net |
OtherRealEstateAndForeclosedAssets
|
$3.07M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$5.98M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$5.67M | USD | Point-in-time |
| Cash surrender value of life insurance |
CashSurrenderValueOfLifeInsurance
|
$25.81M | USD | Point-in-time |
| Cash surrender value of life insurance |
CashSurrenderValueOfLifeInsurance
|
$25.97M | USD | Point-in-time |
| Deferred tax assets, net |
DeferredIncomeTaxAssetsNet
|
$1.55M | USD | Point-in-time |
| Deferred tax assets, net |
DeferredIncomeTaxAssetsNet
|
$5.84M | USD | Point-in-time |
| Identifiable intangible assets, net |
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
$13.63M | USD | Point-in-time |
| Identifiable intangible assets, net |
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
$13.66M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$6.39M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$6.41M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$1.55B | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$1.45B | USD | Point-in-time |
| Noninterest-bearing demand |
NoninterestBearingDepositLiabilities
|
$284.27M | USD | Point-in-time |
| Noninterest-bearing demand |
NoninterestBearingDepositLiabilities
|
$276.03M | USD | Point-in-time |
| Interest bearing deposits |
InterestBearingDepositLiabilities
|
$819.16M | USD | Point-in-time |
| Interest bearing deposits |
InterestBearingDepositLiabilities
|
$945.36M | USD | Point-in-time |
| Total deposits |
Deposits
|
$1.10B | USD | Point-in-time |
| Total deposits |
Deposits
|
$1.23B | USD | Point-in-time |
| Securities sold under agreement to repurchase |
SecuritiesSoldUnderAgreementsToRepurchase
|
$197.71M | USD | Point-in-time |
| Securities sold under agreement to repurchase |
SecuritiesSoldUnderAgreementsToRepurchase
|
$196.27M | USD | Point-in-time |
| Federal Home Loan Bank (FHLB) advances |
LongtermFederalHomeLoanBankAdvancesNoncurrent
|
$25.00M | USD | Point-in-time |
| Accrued interest payable |
InterestPayableCurrentAndNoncurrent
|
$522.00K | USD | Point-in-time |
| Accrued interest payable |
InterestPayableCurrentAndNoncurrent
|
$432.00K | USD | Point-in-time |
| Deferred compensation payable |
DeferredCompensationLiabilityCurrentAndNoncurrent
|
$9.74M | USD | Point-in-time |
| Deferred compensation payable |
DeferredCompensationLiabilityCurrentAndNoncurrent
|
$9.66M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$4.50M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$4.37M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.33B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.44B | USD | Point-in-time |
| Common stock, $0.20 par value, 22,500,000 shares authorized, 5,587,070 shares issued and outstanding at March 31, 2021 and at December 31, 2020 |
CommonStockValue
|
$1.12M | USD | Point-in-time |
| Common stock, $0.20 par value, 22,500,000 shares authorized, 5,587,070 shares issued and outstanding at March 31, 2021 and at December 31, 2020 |
CommonStockValue
|
$1.12M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$18.18M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$18.13M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$96.16M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$96.71M | USD | Point-in-time |
| Accumulated other comprehensive (loss) income, net of tax benefit (expense) of $3,168 at March 31, 2021 and ($1,376) at December 31, 2020 |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-9.53M | USD | Point-in-time |
| Accumulated other comprehensive (loss) income, net of tax benefit (expense) of $3,168 at March 31, 2021 and ($1,376) at December 31, 2020 |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$4.14M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$106.48M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$112.80M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$119.55M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$118.74M | USD | Point-in-time |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$1.55B | USD | Point-in-time |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$1.45B | USD | Point-in-time |
Income Statement
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Interest and fees on loans |
InterestAndFeeIncomeLoansAndLeases
|
$8.13M | USD | 1 Quarter |
| Interest and fees on loans |
InterestAndFeeIncomeLoansAndLeases
|
$7.48M | USD | 1 Quarter |
| Taxable |
InterestIncomeSecuritiesTaxable
|
$1.66M | USD | 1 Quarter |
| Taxable |
InterestIncomeSecuritiesTaxable
|
$262.00K | USD | 1 Quarter |
| Nontaxable |
InterestIncomeSecuritiesTaxExempt
|
$671.00K | USD | 1 Quarter |
| Nontaxable |
InterestIncomeSecuritiesTaxExempt
|
$340.00K | USD | 1 Quarter |
| Other interest |
OtherInterestAndDividendIncome
|
$232.00K | USD | 1 Quarter |
| Other interest |
OtherInterestAndDividendIncome
|
$15.00K | USD | 1 Quarter |
| Total interest income |
InterestAndDividendIncomeOperating
|
$9.08M | USD | 1 Quarter |
| Total interest income |
InterestAndDividendIncomeOperating
|
$9.71M | USD | 1 Quarter |
| Deposits |
InterestExpenseDeposits
|
$1.27M | USD | 1 Quarter |
| Deposits |
InterestExpenseDeposits
|
$1.97M | USD | 1 Quarter |
| Other borrowed funds |
InterestExpenseBorrowings
|
$355.00K | USD | 1 Quarter |
| Other borrowed funds |
InterestExpenseBorrowings
|
$180.00K | USD | 1 Quarter |
| Total interest expense |
InterestExpense
|
$1.45M | USD | 1 Quarter |
| Total interest expense |
InterestExpense
|
$2.32M | USD | 1 Quarter |
| NET INTEREST INCOME |
InterestIncomeExpenseNet
|
$7.38M | USD | 1 Quarter |
| NET INTEREST INCOME |
InterestIncomeExpenseNet
|
$7.63M | USD | 1 Quarter |
| PROVISION FOR LOAN LOSSES |
ProvisionForLoanAndLeaseLosses
|
$87.00K | USD | 1 Quarter |
| PROVISION FOR LOAN LOSSES |
ProvisionForLoanAndLeaseLosses
|
$314.00K | USD | 1 Quarter |
| NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES |
InterestIncomeExpenseAfterProvisionForLoanLoss
|
$7.07M | USD | 1 Quarter |
| NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES |
InterestIncomeExpenseAfterProvisionForLoanLoss
|
$7.55M | USD | 1 Quarter |
| Other operating income |
NoninterestIncomeOtherOperatingIncome
|
$559.00K | USD | 1 Quarter |
| Other operating income |
NoninterestIncomeOtherOperatingIncome
|
$1.44M | USD | 1 Quarter |
| Total other income |
NoninterestIncome
|
$2.38M | USD | 1 Quarter |
| Total other income |
NoninterestIncome
|
$3.23M | USD | 1 Quarter |
| Salaries and employee benefits |
LaborAndRelatedExpense
|
$4.43M | USD | 1 Quarter |
| Salaries and employee benefits |
LaborAndRelatedExpense
|
$4.57M | USD | 1 Quarter |
| Occupancy expense |
OccupancyNet
|
$1.66M | USD | 1 Quarter |
| Occupancy expense |
OccupancyNet
|
$1.82M | USD | 1 Quarter |
| Other expense |
OtherNoninterestExpense
|
$2.08M | USD | 1 Quarter |
| Other expense |
OtherNoninterestExpense
|
$1.97M | USD | 1 Quarter |
| Total other expenses |
NoninterestExpense
|
$8.07M | USD | 1 Quarter |
| Total other expenses |
NoninterestExpense
|
$8.47M | USD | 1 Quarter |
| INCOME BEFORE PROVISION FOR INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$1.39M | USD | 1 Quarter |
| INCOME BEFORE PROVISION FOR INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$2.31M | USD | 1 Quarter |
| PROVISION FOR INCOME TAXES |
IncomeTaxExpenseBenefit
|
$413.00K | USD | 1 Quarter |
| PROVISION FOR INCOME TAXES |
IncomeTaxExpenseBenefit
|
$225.00K | USD | 1 Quarter |
| NET INCOME |
NetIncomeLoss
|
$1.16M | USD | 1 Quarter |
| NET INCOME |
NetIncomeLoss
|
$1.90M | USD | 1 Quarter |
| NET INCOME PER SHARE -Basic |
EarningsPerShareBasic
|
$0.21 | USD | 1 Quarter |
| NET INCOME PER SHARE -Basic |
EarningsPerShareBasic
|
$0.34 | USD | 1 Quarter |
| NET INCOME PER SHARE -Diluted |
EarningsPerShareDiluted
|
$0.34 | USD | 1 Quarter |
| NET INCOME PER SHARE -Diluted |
EarningsPerShareDiluted
|
$0.21 | USD | 1 Quarter |
| DIVIDENDS PAID PER SHARE |
CommonStockDividendsPerShareCashPaid
|
$0.24 | USD | 1 Quarter |
| DIVIDENDS PAID PER SHARE |
CommonStockDividendsPerShareCashPaid
|
$0.24 | USD | 1 Quarter |
Cash Flow Statement
38 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$4.84M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$2.34M | USD | 1 Quarter |
| Proceeds from maturities and calls of securities available for sale |
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
$74.27M | USD | 1 Quarter |
| Proceeds from maturities and calls of securities available for sale |
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
$77.73M | USD | 1 Quarter |
| Proceeds from sale of investment securities |
ProceedsFromSaleOfAvailableForSaleSecurities
|
$206.12M | USD | 1 Quarter |
| Proceeds from sale of investment securities |
ProceedsFromSaleOfAvailableForSaleSecurities
|
$37.20M | USD | 1 Quarter |
| Purchases of investment securities available for sale |
PaymentsToAcquireAvailableForSaleSecurities
|
$122.72M | USD | 1 Quarter |
| Purchases of investment securities available for sale |
PaymentsToAcquireAvailableForSaleSecurities
|
$400.13M | USD | 1 Quarter |
| Purchases of bank premises and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$70.00K | USD | 1 Quarter |
| Purchases of bank premises and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$259.00K | USD | 1 Quarter |
| Decrease in federal funds sold |
IncreaseDecreaseInFederalFundsSold
|
$1.60M | USD | 1 Quarter |
| Decrease (increase) in interest bearing deposits with other banks |
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
|
$460.00K | USD | 1 Quarter |
| Decrease (increase) in interest bearing deposits with other banks |
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
|
$-3.35M | USD | 1 Quarter |
| Proceeds from sale of other real estate owned |
ProceedsFromSaleOfForeclosedAssets
|
$364.00K | USD | 1 Quarter |
| Net decrease (increase) in loans |
PaymentsForProceedsFromLoansAndLeases
|
$258.00K | USD | 1 Quarter |
| Net decrease (increase) in loans |
PaymentsForProceedsFromLoansAndLeases
|
$-11.16M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-13.34M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-104.55M | USD | 1 Quarter |
| Net increase in deposits |
IncreaseDecreaseInDeposits
|
$134.43M | USD | 1 Quarter |
| Net increase in deposits |
IncreaseDecreaseInDeposits
|
$26.89M | USD | 1 Quarter |
| Increase (decrease) in securities sold under agreement to repurchase |
ProceedsFromPaymentsForOtherFinancingActivities
|
$1.44M | USD | 1 Quarter |
| Increase (decrease) in securities sold under agreement to repurchase |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-10.97M | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$87.00K | USD | 1 Quarter |
| Payment of FHLB advances |
Proceedsfromrepaymentsoffhlbankborrowingsfinancingactivities
|
$-25.00M | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividends
|
$1.34M | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividends
|
$1.34M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$14.67M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$109.53M | USD | 1 Quarter |
| Net increase (decrease) in cash and due from banks |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$3.67M | USD | 1 Quarter |
| Net increase (decrease) in cash and due from banks |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$9.83M | USD | 1 Quarter |
| Cash and due from banks, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$15.94M | USD | Point-in-time |
| Cash and due from banks, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$26.67M | USD | Point-in-time |
| Cash and due from banks, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$16.84M | USD | Point-in-time |
| Cash and due from banks, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$19.61M | USD | Point-in-time |
| Cash and due from banks, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$15.94M | USD | Point-in-time |
| Cash and due from banks, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$26.67M | USD | Point-in-time |
| Cash and due from banks, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$16.84M | USD | Point-in-time |
| Cash and due from banks, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$19.61M | USD | Point-in-time |
Comprehensive Income
18 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$1.16M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$1.90M | USD | 1 Quarter |
| Unrealized holding (losses) gains |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
$-18.73M | USD | 1 Quarter |
| Unrealized holding (losses) gains |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
$7.91M | USD | 1 Quarter |
| Income tax effect |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
$1.97M | USD | 1 Quarter |
| Income tax effect |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
$-4.67M | USD | 1 Quarter |
| Net unrealized (losses) gains |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-14.06M | USD | 1 Quarter |
| Net unrealized (losses) gains |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$5.94M | USD | 1 Quarter |
| Reclassification adjustment for gains included in net income |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
$-77.00K | USD | 1 Quarter |
| Reclassification adjustment for gains included in net income |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
$-526.00K | USD | 1 Quarter |
| Income tax effect |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
|
$-131.00K | USD | 1 Quarter |
| Income tax effect |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
|
$-19.00K | USD | 1 Quarter |
| Net gains included in net income |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
$-395.00K | USD | 1 Quarter |
| Net gains included in net income |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
$-58.00K | USD | 1 Quarter |
| Total other comprehensive (loss) income |
OtherComprehensiveIncomeLossNetOfTax
|
$6.00M | USD | 1 Quarter |
| Total other comprehensive (loss) income |
OtherComprehensiveIncomeLossNetOfTax
|
$-13.67M | USD | 1 Quarter |
| Comprehensive (loss) income |
ComprehensiveIncomeNetOfTax
|
$7.16M | USD | 1 Quarter |
| Comprehensive (loss) income |
ComprehensiveIncomeNetOfTax
|
$-11.77M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.