10-Q Filing

MARKETAXESS HOLDINGS INC CIK: 1278021 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001564590-15-002831`
Period End Date	20150331
Filing Date	20150424
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	mktx-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 44 Cash Flow Statement 60 Stockholders Equity 16 Comprehensive Income 17

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$62.00K	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$3.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.86M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.86M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$161.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$132.69M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$130.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$168.92M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Securities available-for-sale, at fair value	`AvailableForSaleSecurities`	$62.20M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Securities available-for-sale, at fair value	`AvailableForSaleSecurities`	$64.86M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance of $62 and $3 as of March 31, 2015 and December 31, 2014, respectively	`AccountsReceivableNet`	$33.84M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance of $62 and $3 as of March 31, 2015 and December 31, 2014, respectively	`AccountsReceivableNet`	$46.06M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00M	shares	Point-in-time
Goodwill and intangible assets, net of accumulated amortization	`IntangibleAssetsNetIncludingGoodwill`	$65.85M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00M	shares	Point-in-time
Goodwill and intangible assets, net of accumulated amortization	`IntangibleAssetsNetIncludingGoodwill`	$66.42M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	39.46M	shares	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$31.19M	USD	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$32.19M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	39.60M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.34M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$7.21M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$6.68M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.32M	shares	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNet`	$5.14M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.14M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.26M	shares	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNet`	$6.97M	USD	Point-in-time
Total assets	`Assets`	$379.88M	USD	Point-in-time
Total assets	`Assets`	$378.69M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$8.96M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$25.31M	USD	Point-in-time
Income and other tax liabilities	`TaxesPayableCurrentAndNoncurrent`	$9.58M	USD	Point-in-time
Income and other tax liabilities	`TaxesPayableCurrentAndNoncurrent`	$5.94M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCredits`	$2.73M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCredits`	$2.46M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$12.76M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$11.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$45.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$34.02M	USD	Point-in-time
Commitments and Contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$309.32M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$307.06M	USD	Point-in-time
Treasury stock - Common stock voting, at cost, 2,258,744 and 2,141,344 shares as of March 31, 2015 and December 31, 2014, respectively	`TreasuryStockValue`	$79.19M	USD	Point-in-time
Treasury stock - Common stock voting, at cost, 2,258,744 and 2,141,344 shares as of March 31, 2015 and December 31, 2014, respectively	`TreasuryStockValue`	$70.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$118.94M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$101.81M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.54M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.52M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$344.67M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$334.21M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$379.88M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$378.69M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Commissions	`FeesAndCommissions`	$51.99M	USD	1 Quarter
Commissions	`FeesAndCommissions`	$67.02M	USD	1 Quarter
Information and post-trade services	`InformationAndPostTradeServicesRevenue`	$7.68M	USD	1 Quarter
Information and post-trade services	`InformationAndPostTradeServicesRevenue`	$8.08M	USD	1 Quarter
Technology products and services	`TechnologyServicesRevenue`	$1.42M	USD	1 Quarter
Technology products and services	`TechnologyServicesRevenue`	$2.04M	USD	1 Quarter
Investment income	`NetInvestmentIncome`	$183.00K	USD	1 Quarter
Investment income	`NetInvestmentIncome`	$146.00K	USD	1 Quarter
Other	`OtherIncome`	$471.00K	USD	1 Quarter
Other	`OtherIncome`	$1.15M	USD	1 Quarter
Total revenues	`Revenues`	$63.40M	USD	1 Quarter
Total revenues	`Revenues`	$76.77M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$18.61M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$21.17M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.61M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.12M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$4.34M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$4.49M	USD	1 Quarter
Professional and consulting fees	`ProfessionalFees`	$3.97M	USD	1 Quarter
Professional and consulting fees	`ProfessionalFees`	$3.28M	USD	1 Quarter
Occupancy	`OccupancyNet`	$992.00K	USD	1 Quarter
Occupancy	`OccupancyNet`	$1.09M	USD	1 Quarter
Marketing and advertising	`MarketingAndAdvertisingExpense`	$1.19M	USD	1 Quarter
Marketing and advertising	`MarketingAndAdvertisingExpense`	$1.21M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.68M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.20M	USD	1 Quarter
Total expenses	`OperatingCostsAndExpenses`	$38.27M	USD	1 Quarter
Total expenses	`OperatingCostsAndExpenses`	$35.69M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$27.71M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$38.50M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.23M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.91M	USD	1 Quarter
Net income	`NetIncomeLoss`	$24.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.48M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.47	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.67	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.46	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.65	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.16	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.12M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.71M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.63M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.10M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$24.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.48M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$4.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$4.61M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.32M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$3.04M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$2.16M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$1.72M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-429.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-558.00K	USD	1 Quarter
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.29M	USD	1 Quarter
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.92M	USD	1 Quarter
(Increase) decrease in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$541.00K	USD	1 Quarter
(Increase) decrease in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.31M	USD	1 Quarter
(Decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-16.35M	USD	1 Quarter
(Decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-17.82M	USD	1 Quarter
Increase in income and other tax liabilities	`IncreaseDecreaseInIncomeTaxes`	$3.46M	USD	1 Quarter
Increase in income and other tax liabilities	`IncreaseDecreaseInIncomeTaxes`	$3.71M	USD	1 Quarter
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$9.00K	USD	1 Quarter
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$260.00K	USD	1 Quarter
Increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$849.00K	USD	1 Quarter
Increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.47M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$10.03M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$10.15M	USD	1 Quarter
Proceeds from maturities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$10.52M	USD	1 Quarter
Proceeds from maturities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$3.75M	USD	1 Quarter
Purchases	`PaymentsToAcquireAvailableForSaleSecurities`	$8.11M	USD	1 Quarter
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$817.00K	USD	1 Quarter
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.62M	USD	1 Quarter
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$2.65M	USD	1 Quarter
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$2.57M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-19.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$6.00K	USD	1 Quarter
Net cash (used in ) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-449.00K	USD	1 Quarter
Net cash (used in ) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.05M	USD	1 Quarter
Cash dividend on common stock	`PaymentsOfOrdinaryDividends`	$6.23M	USD	1 Quarter
Cash dividend on common stock	`PaymentsOfOrdinaryDividends`	$7.52M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$692.00K	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$419.00K	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.15M	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.93M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.67M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.25M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$8.94M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$3.39M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-42.00K	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-11.92M	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-17.24M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-428.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$379.00K	USD	1 Quarter
Net (decrease) for the period	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.65M	USD	1 Quarter
Net (decrease) for the period	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.88M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$161.05M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$132.69M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$130.04M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$168.92M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$161.05M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$132.69M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$130.04M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$168.92M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$344.67M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$334.21M	USD	Point-in-time
Net income	`NetIncomeLoss`	$24.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.48M	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-49.00K	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-234.00K	USD	1 Quarter
Unrealized net gain on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$30.00K	USD	1 Quarter
Unrealized net gain on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$63.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.04M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$692.00K	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.15M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$2.67M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$8.94M	USD	1 Quarter
Cash dividend on common stock	`DividendsCommonStockCash`	$7.46M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$344.67M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$334.21M	USD	Point-in-time

Comprehensive Income 17 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$24.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.48M	USD	1 Quarter
Foreign currency exchange hedge, tax benefit	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$5.00K	USD	1 Quarter
Foreign currency exchange hedge, tax benefit	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-146.00K	USD	1 Quarter
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$39.00K	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $5, and $(146), respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-49.00K	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $5, and $(146), respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-234.00K	USD	1 Quarter
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$32.00K	USD	1 Quarter
Net unrealized gain on securities available-for-sale, net of tax of $39 and $32, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$52.00K	USD	1 Quarter
Sale of securities available- for-sale included in Other Income, tax benefit	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	-	USD	1 Quarter
Sale of securities available- for-sale included in Other Income, tax benefit	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$13.00K	USD	1 Quarter
Net unrealized gain on securities available-for-sale, net of tax of $39 and $32, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$63.00K	USD	1 Quarter
Less: reclassification adjustment for realized gain from securities available-for-sale included in Other Income, net of tax of zero and $(13), respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$22.00K	USD	1 Quarter
Net change in unrealized gain on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$30.00K	USD	1 Quarter
Net change in unrealized gain on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$63.00K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$24.61M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$17.27M	USD	1 Quarter

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