BayCom Corp(NASDAQ:BCML)
BayCom Corp operates as the bank holding company for United Business Bank that provides various financial services to businesses, business owners, and individuals. The company offers demand, savings, money market, and time deposit accounts. It also provides commercial and multifamily real estate loa...
Website: http://www.unitedbusinessbank.com
Founded: 2004
Full Time Employees: 312
Sector: Financial Services
Industry: Banks-Regional
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At a glance:
Bull Thesis:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
interest income: | ||||||||||||||||||||||||||||||
loans, including fees | 29,578,000 | 29,803,000 | 29,220,000 | 27,962,000 | 27,149,000 | 27,559,000 | 26,232,000 | 25,014,000 | 25,257,000 | 26,165,000 | 27,229,000 | 26,667,000 | 26,255,000 | 25,801,000 | 24,010,000 | 22,984,000 | 22,927,000 | 19,751,000 | 18,451,000 | 18,703,000 | 19,193,000 | 19,675,000 | 20,136,000 | 21,756,000 | 20,620,000 | 19,268,000 | 17,524,000 | 15,120,000 | 13,550,000 | 12,044,000 |
investment securities | 2,132,000 | 2,243,000 | 2,315,000 | 2,406,000 | 2,454,000 | 2,450,000 | 2,393,000 | 2,181,000 | 1,956,000 | 1,956,000 | 1,704,000 | 1,693,000 | 1,640,000 | 1,602,000 | 1,555,000 | |||||||||||||||
fed funds sold and interest-bearing balances in banks | 2,136,000 | 1,913,000 | 3,017,000 | 2,693,000 | 2,649,000 | 3,731,000 | 4,414,000 | 4,819,000 | 4,115,000 | 3,679,000 | 3,521,000 | 2,560,000 | 1,829,000 | |||||||||||||||||
fhlb dividends | 584,000 | 254,000 | 253,000 | 248,000 | 249,000 | 249,000 | 243,000 | 247,000 | 272,000 | 246,000 | 232,000 | 196,000 | 188,000 | 217,000 | 160,000 | 158,000 | 149,000 | 148,000 | 125,000 | 122,000 | 99,000 | 66,000 | 95,000 | 54,000 | 126,000 | 170,000 | 141,000 | 92,000 | 92,000 | 86,000 |
frb dividends | 120,000 | 127,000 | 145,000 | 144,000 | 145,000 | 145,000 | 144,000 | 145,000 | 144,000 | 145,000 | 144,000 | 144,000 | 144,000 | 162,000 | 126,000 | 140,000 | 121,000 | 117,000 | 112,000 | 117,000 | 112,000 | 114,000 | 117,000 | 114,000 | 109,000 | 109,000 | 63,000 | 62,000 | 61,000 | 50,000 |
total interest and dividend income | 34,550,000 | 34,340,000 | 34,950,000 | 33,453,000 | 32,646,000 | 34,134,000 | 33,426,000 | 32,406,000 | 31,744,000 | 32,191,000 | 32,830,000 | 31,260,000 | 30,056,000 | 29,504,000 | 27,137,000 | 25,619,000 | 24,805,000 | 21,381,000 | 19,963,000 | 19,993,000 | 20,272,000 | 20,668,000 | 21,223,000 | 22,812,000 | 22,490,000 | 21,849,000 | 20,390,000 | 17,948,000 | 16,357,000 | 14,287,000 |
interest expense: | ||||||||||||||||||||||||||||||
deposits | 8,964,000 | 9,150,000 | 9,777,000 | 9,209,000 | 8,683,000 | 9,462,000 | 9,448,000 | 9,002,000 | 8,227,000 | 7,551,000 | 6,908,000 | 5,881,000 | 3,700,000 | 1,963,000 | 1,387,000 | 1,453,000 | 1,470,000 | 1,201,000 | 1,240,000 | 1,228,000 | 1,206,000 | 1,390,000 | 1,562,000 | 1,675,000 | 2,328,000 | 2,542,000 | 2,493,000 | 1,783,000 | 1,346,000 | 1,179,000 |
subordinated debt | 1,571,000 | 892,000 | 891,000 | 891,000 | 892,000 | 891,000 | 893,000 | 895,000 | 896,000 | 895,000 | 896,000 | 895,000 | 896,000 | 895,000 | 896,000 | 896,000 | 896,000 | 896,000 | 895,000 | 587,000 | 600,000 | 100,000 | 118,000 | |||||||
junior subordinated deferrable interest debentures | 390,000 | 185,000 | 193,000 | 192,000 | 192,000 | 207,000 | 221,000 | 218,000 | 217,000 | 218,000 | 217,000 | 203,000 | ||||||||||||||||||
total interest expense | 9,354,000 | 9,335,000 | 11,541,000 | 10,293,000 | 9,766,000 | 10,560,000 | 10,561,000 | 10,111,000 | 9,337,000 | 8,664,000 | 8,021,000 | 6,979,000 | 4,799,000 | 3,035,000 | 2,412,000 | 2,452,000 | 2,452,000 | 2,181,000 | 2,221,000 | 2,211,000 | 2,188,000 | 2,367,000 | 2,218,000 | 1,862,000 | 2,453,000 | 2,676,000 | 2,633,000 | 1,930,000 | 1,492,000 | 1,272,000 |
net interest income | 25,196,000 | 25,005,000 | 23,409,000 | 23,160,000 | 22,880,000 | 23,574,000 | 22,865,000 | 22,295,000 | 22,407,000 | 23,527,000 | 24,809,000 | 24,281,000 | 25,257,000 | 26,469,000 | 24,725,000 | 23,167,000 | 22,353,000 | 19,200,000 | 17,742,000 | 17,782,000 | 18,084,000 | 18,301,000 | 19,005,000 | 20,950,000 | 20,037,000 | 19,173,000 | 17,757,000 | 16,018,000 | 14,865,000 | 13,015,000 |
(reversal of) provision for credit losses | -670,000 | -1,260,000 | ||||||||||||||||||||||||||||
net interest income after (reversal of) provision for credit losses | 25,866,000 | 25,541,000 | ||||||||||||||||||||||||||||
noninterest income: | ||||||||||||||||||||||||||||||
gain on sale of loans | 123,000 | 17,000 | 54,000 | 198,000 | 287,000 | 28,000 | 68,000 | 412,000 | 33,000 | 1,278,000 | 299,000 | 1,137,000 | 1,090,000 | 2,176,000 | 953,000 | 576,000 | 805,000 | 176,000 | 212,000 | 642,000 | 1,217,000 | 689,000 | 903,000 | 190,000 | 424,000 | |||||
gain on equity securities | 58,000 | -753,000 | 771,000 | 7,000 | -255,000 | -1,209,000 | 1,420,000 | -321,000 | 573,000 | |||||||||||||||||||||
service charges and other fees | 741,000 | 853,000 | 825,000 | 913,000 | 945,000 | 881,000 | 898,000 | 734,000 | 839,000 | 830,000 | 973,000 | 882,000 | 885,000 | 942,000 | 817,000 | 718,000 | 630,000 | 584,000 | 611,000 | 604,000 | 604,000 | 585,000 | 648,000 | 610,000 | 705,000 | 678,000 | 605,000 | 663,000 | 733,000 | 509,000 |
loan servicing and other loan fees | 287,000 | 417,000 | 403,000 | 516,000 | 389,000 | 393,000 | 324,000 | 441,000 | 392,000 | 445,000 | 431,000 | 593,000 | 410,000 | 506,000 | 488,000 | 607,000 | 574,000 | 410,000 | 458,000 | 436,000 | 529,000 | 616,000 | 608,000 | -309,000 | 646,000 | |||||
gain on investment in small business investment company (“sbic”) fund | 85,000 | -227,000 | ||||||||||||||||||||||||||||
other income and fees | 251,000 | 264,000 | 278,000 | 250,000 | 272,000 | 310,000 | 356,000 | 271,000 | 288,000 | 295,000 | 271,000 | 235,000 | 261,000 | 252,000 | 224,000 | 376,000 | 196,000 | 232,000 | 257,000 | 228,000 | 265,000 | 344,000 | 233,000 | 194,000 | 585,000 | |||||
total noninterest income | 1,545,000 | 885,000 | 2,248,000 | 1,513,000 | 1,440,000 | 87,000 | 2,745,000 | 1,483,000 | 2,062,000 | 2,674,000 | 1,654,000 | 1,086,000 | 2,457,000 | 1,508,000 | 2,744,000 | 2,021,000 | 4,399,000 | 2,569,000 | 4,007,000 | 2,453,000 | 2,237,000 | 3,067,000 | 1,828,000 | 1,302,000 | 2,578,000 | 2,795,000 | 2,114,000 | 2,540,000 | 2,120,000 | 1,638,000 |
noninterest expense: | ||||||||||||||||||||||||||||||
salaries and employee benefits | 10,849,000 | 10,392,000 | 10,168,000 | 9,728,000 | 9,935,000 | 9,659,000 | 9,569,000 | 9,642,000 | 10,036,000 | 8,936,000 | 10,284,000 | 10,745,000 | 11,036,000 | 10,729,000 | 10,164,000 | 9,277,000 | 10,310,000 | 8,603,000 | 8,163,000 | 8,109,000 | 8,885,000 | 8,500,000 | 8,482,000 | 8,252,000 | 8,708,000 | 8,207,000 | 7,440,000 | 7,198,000 | 5,963,000 | 5,506,000 |
occupancy and equipment | 2,127,000 | 2,129,000 | 2,143,000 | 2,183,000 | 2,136,000 | 2,179,000 | 2,209,000 | 2,133,000 | 2,154,000 | 2,024,000 | 2,133,000 | 1,974,000 | 2,027,000 | 1,996,000 | 2,043,000 | 1,920,000 | 2,426,000 | 1,774,000 | 1,945,000 | 1,850,000 | 1,815,000 | 1,754,000 | 1,749,000 | 1,774,000 | 1,811,000 | 1,578,000 | 1,396,000 | 1,064,000 | 1,110,000 | 976,000 |
data processing | 2,038,000 | 2,063,000 | 2,038,000 | 1,913,000 | 1,853,000 | 1,898,000 | 1,973,000 | 1,650,000 | 1,753,000 | 1,767,000 | 1,774,000 | 1,616,000 | 1,465,000 | 1,467,000 | 1,562,000 | 1,666,000 | 2,273,000 | 1,330,000 | 1,482,000 | 1,269,000 | 1,484,000 | 1,505,000 | 1,642,000 | 1,450,000 | 3,623,000 | 2,721,000 | 1,036,000 | 3,683,000 | 924,000 | 526,000 |
other expense | 1,492,000 | 1,582,000 | 1,597,000 | 1,930,000 | 2,065,000 | 2,240,000 | 2,323,000 | 2,587,000 | 2,128,000 | 2,346,000 | 2,328,000 | 2,222,000 | 2,001,000 | 2,116,000 | 2,327,000 | 2,347,000 | 3,312,000 | 2,048,000 | 2,290,000 | 2,181,000 | 1,901,000 | 2,150,000 | 2,283,000 | 2,060,000 | 2,776,000 | 1,598,500 | 1,792,000 | |||
total noninterest expense | 16,506,000 | 16,166,000 | 15,946,000 | 15,754,000 | 15,989,000 | 15,976,000 | 16,074,000 | 16,012,000 | 16,071,000 | 15,073,000 | 16,519,000 | 16,557,000 | 16,529,000 | 16,308,000 | 16,096,000 | 15,210,000 | 18,321,000 | 13,755,000 | 13,880,000 | 13,409,000 | 14,085,000 | 13,909,000 | 14,156,000 | 13,536,000 | 16,918,000 | 15,259,000 | 11,664,000 | 14,795,000 | 9,748,000 | 8,417,000 |
income before provision for income taxes | 10,905,000 | 9,474,000 | 6,738,000 | 8,716,000 | 7,689,000 | 8,088,000 | 8,291,000 | 7,595,000 | 8,146,000 | 8,802,000 | 9,270,000 | 10,070,000 | 9,810,000 | 11,052,000 | 10,179,000 | 7,355,000 | 8,424,000 | 7,518,000 | 7,392,000 | 7,333,000 | 6,236,000 | 5,543,000 | 4,384,000 | 4,318,000 | 3,984,000 | 5,686,000 | 7,728,000 | 3,318,000 | 6,960,000 | 5,155,000 |
provision for income taxes | 2,725,000 | 2,616,000 | 1,731,000 | 2,352,000 | 1,987,000 | 1,968,000 | 2,274,000 | 1,995,000 | 2,269,000 | 2,406,000 | 2,640,000 | 2,864,000 | 2,764,000 | 3,000,000 | 2,950,000 | 2,137,000 | 1,936,000 | 2,080,000 | 1,980,000 | 2,025,000 | 1,704,000 | 1,003,000 | 1,135,000 | 1,199,000 | 1,166,000 | 1,099,000 | 2,165,000 | 1,091,000 | 2,019,000 | 1,637,000 |
net income | 8,180,000 | 6,858,000 | 5,007,000 | 6,364,000 | 5,702,000 | 6,120,000 | 6,017,000 | 5,600,000 | 5,877,000 | 6,396,000 | 6,630,000 | 7,206,000 | 7,046,000 | 8,052,000 | 7,229,000 | 5,218,000 | 6,488,000 | 5,438,000 | 5,412,000 | 5,308,000 | 4,532,000 | 4,540,000 | 3,249,000 | 3,119,000 | 2,818,000 | 4,587,000 | 5,563,000 | 2,227,000 | 4,941,000 | 3,518,000 |
yoy | 43.46% | 12.06% | -16.79% | 13.64% | -2.98% | -4.32% | -9.25% | -22.29% | -16.59% | -20.57% | -8.29% | 38.10% | 8.60% | 48.07% | 33.57% | -1.70% | 43.16% | 19.78% | 66.57% | 70.18% | 60.82% | -1.02% | -41.60% | 40.05% | -42.97% | 30.39% | ||||
qoq | 19.28% | 36.97% | -21.32% | 11.61% | -6.83% | 1.71% | 7.45% | -4.71% | -8.11% | -3.53% | -7.99% | 2.27% | -12.49% | 11.38% | 38.54% | -19.57% | 19.31% | 0.48% | 1.96% | 17.12% | -0.18% | 39.74% | 4.17% | 10.68% | -38.57% | -17.54% | 149.80% | -54.93% | 40.45% | |
earnings per common share: | ||||||||||||||||||||||||||||||
basic earnings per common share | 750 | 630 | 460 | 580 | 510 | 550 | 540 | 500 | 510 | 550 | 560 | 590 | 550 | 620 | 540 | 380 | 510 | 510 | 510 | 490 | 400 | 390 | 270 | 260 | 230 | 360 | 460 | 200 | 450 | |
weighted-average common shares outstanding | 10,909,077,000 | 10,990,547,000 | 10,929,779,000 | 11,002,967,000 | 11,136,058,000 | 11,262,409,000 | 11,148,482,000 | 11,254,233,000 | 11,525,752,000 | 12,074,198,000 | 11,812,583,000 | 12,228,206,000 | ||||||||||||||||||
diluted earnings per common share | 750 | 630 | 460 | 580 | 510 | 550 | 540 | 500 | 510 | 550 | 560 | 590 | 550 | 620 | 540 | 380 | 510 | 510 | 510 | 490 | 400 | 390 | 270 | 260 | 230 | 360 | 460 | 200 | 450 | |
provision for credit losses | 250,000 | 2,973,000 | 203,000 | 642,000 | 252,000 | 1,375,000 | ||||||||||||||||||||||||
net interest income after provision for credit losses | 24,755,000 | 20,436,000 | 22,957,000 | 22,238,000 | 22,155,000 | 23,882,000 | ||||||||||||||||||||||||
loss on investment in small business investment company (“sbic”) fund | -91,250 | -29,000 | -109,000 | |||||||||||||||||||||||||||
provision for (reversal of) credit losses | 417,000 | 1,245,000 | 171,000 | -77,750 | 674,000 | |||||||||||||||||||||||||
net interest income after provision for (reversal of) credit losses | 16,474,750 | 21,620,000 | 22,124,000 | 18,664,500 | 24,135,000 | |||||||||||||||||||||||||
income on investment in small business investment company (“sbic”) fund | -288,000 | -253,000 | 71,000 | -30,000 | 158,000 | 225,000 | 225,000 | 489,000 | -225,000 | -63,000 | 21,000 | 197,000 | 253,000 | 526,000 | 232,000 | 263,000 | ||||||||||||||
loss on equity securities | 946,000 | -274,000 | -917,000 | |||||||||||||||||||||||||||
bargain purchase gain | 1,665,000 | |||||||||||||||||||||||||||||
junior subordinated debt | 203,000 | |||||||||||||||||||||||||||||
weighted-average shares outstanding | 12,699,476,000 | 13,124,179,000 | 13,307,555,000 | 13,575,995,000 | 12,646,981,000 | 10,882,344,000 | 10,692,781,000 | 10,893,371,000 | 11,273,604,000 | 11,965,245,000 | 11,865,058,000 | 12,025,098,000 | 12,343,565,000 | 11,759,334,000 | 12,061,616,000 | 11,384,287,000 | 10,891,564,000 | |||||||||||||
fed funds sold and interest bearing balances in banks | 575,750 | 1,286,000 | ||||||||||||||||||||||||||||
other borrowings | 79,750 | 129,000 | 104,000 | 86,000 | 84,000 | 85,000 | 87,000 | 87,000 | 390,000 | 56,000 | 87,000 | 7,000 | 134,000 | 140,000 | 147,000 | 146,000 | 93,000 | |||||||||||||
provision for (reversal of) loan losses | 956,000 | 1,194,000 | 2,623,000 | -7,500 | 477,000 | |||||||||||||||||||||||||
net interest income after provision for loan losses | 25,852,000 | 23,531,000 | 20,544,000 | 22,346,000 | 18,704,000 | 17,265,000 | 18,289,000 | 18,084,000 | 16,385,000 | 16,712,000 | 16,552,000 | 18,324,000 | 18,150,000 | 17,278,000 | 15,573,000 | 14,588,000 | 11,934,000 | |||||||||||||
investment securities and interest bearing deposits in banks | 2,337,000 | 1,608,000 | 1,365,000 | 1,275,000 | 1,051,000 | 868,000 | 813,000 | 875,000 | 888,000 | 1,635,000 | 2,302,000 | 2,662,000 | 2,674,000 | 2,654,000 | ||||||||||||||||
gain on sale of premises | 65,000 | -25,000 | 109,000 | |||||||||||||||||||||||||||
provision for loan losses | 7,000 | 1,916,000 | 2,293,000 | 4,398,000 | 1,713,000 | 1,023,000 | 479,000 | 445,000 | 277,000 | 1,081,000 | ||||||||||||||||||||
gain on sale of oreo | -21,000 | 112,000 | ||||||||||||||||||||||||||||
(reversal of) provision for loan losses | -507,000 | |||||||||||||||||||||||||||||
income on investment in sbic fund | 652,000 | 188,000 | 595,000 | |||||||||||||||||||||||||||
loan servicing fees and other income | 578,000 | 443,000 | 514,000 | 410,000 | 312,000 | |||||||||||||||||||||||||
other income | 322,000 | 377,000 | 239,000 | 787,000 | 393,000 | |||||||||||||||||||||||||
other | 2,850,000 | 1,751,000 | 1,409,000 | |||||||||||||||||||||||||||
interest and dividend income: | ||||||||||||||||||||||||||||||
investment securities and interest earning deposits in banks | 2,107,000 | |||||||||||||||||||||||||||||
earnings per common share : | ||||||||||||||||||||||||||||||
basic: earnings per common share | 310 | |||||||||||||||||||||||||||||
weighted-average shares outstanding: | 10,869,275,000 | |||||||||||||||||||||||||||||
diluted: earnings per common share | 310 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||
cash due from banks | 18,561,000 | 26,785,000 | 21,731,000 | 21,764,000 | 21,037,000 | 23,138,000 | 25,666,000 | 23,278,000 | 20,379,000 | 17,901,000 | 30,444,000 | 36,637,000 | 28,850,000 | 26,980,000 | ||||||||||||||||||
federal funds sold and interest-bearing balances in banks | 287,343,000 | 179,729,000 | 206,715,000 | 269,860,000 | 235,512,000 | 340,894,000 | 275,618,000 | 367,930,000 | 327,953,000 | 289,638,000 | 271,490,000 | 213,562,000 | 168,688,000 | 149,835,000 | ||||||||||||||||||
cash and cash equivalents | 305,904,000 | 206,514,000 | 228,446,000 | 291,624,000 | 256,549,000 | 364,032,000 | 301,284,000 | 391,208,000 | 348,332,000 | 307,539,000 | 301,934,000 | 250,199,000 | 197,538,000 | 176,815,000 | 224,681,000 | 354,514,000 | 427,199,000 | 379,687,000 | 444,458,000 | 468,693,000 | 457,739,000 | 299,329,000 | 319,835,000 | 203,721,000 | 274,309,000 | 295,382,000 | 337,078,000 | 351,594,000 | 332,472,000 | 323,581,000 | 313,217,000 | 318,267,000 |
investment securities available-for-sale ("afs"), at fair value, net of allowance for credit losses of 0 at both march 31, 2026 and december 31, 2025 | 189,432,000 | |||||||||||||||||||||||||||||||
equity securities, at fair value | 12,613,000 | 12,554,000 | 13,307,000 | 12,872,000 | 12,865,000 | 13,120,000 | 14,329,000 | |||||||||||||||||||||||||
federal home loan bank ("fhlb") stock, at par | 11,524,000 | 11,524,000 | 11,524,000 | 11,524,000 | 11,313,000 | 11,313,000 | 11,313,000 | 11,313,000 | 11,313,000 | 11,313,000 | 7,174,000 | 7,174,000 | 5,096,000 | |||||||||||||||||||
federal reserve bank ("frb") stock, at par | 7,727,000 | 7,722,000 | 9,657,000 | 9,653,000 | 9,648,000 | 9,645,000 | 9,640,000 | 9,635,000 | 9,630,000 | 9,626,000 | 7,491,000 | 4,169,000 | 4,166,000 | |||||||||||||||||||
loans held for sale | 125,000 | 1,316,000 | 421,000 | 276,000 | 2,216,000 | 2,252,000 | 1,684,000 | 1,274,000 | 2,380,000 | 3,491,000 | 970,000 | 6,470,000 | 11,221,000 | 7,335,000 | 4,606,000 | 8,664,000 | 12,044,000 | 198,000 | 2,226,000 | 5,366,000 | 1,016,000 | 4,208,000 | 855,000 | 585,000 | 334,000 | |||||||
loans, net of allowance for credit losses of 20,600 at march 31, 2026 and 21,210 at december 31, 2025 | 1,990,682,000 | |||||||||||||||||||||||||||||||
premises and equipment | 13,036,000 | 13,220,000 | 13,577,000 | 13,686,000 | 13,257,000 | 13,386,000 | 13,777,000 | 14,052,000 | 14,355,000 | 13,734,000 | 13,466,000 | 13,039,000 | 13,008,000 | 13,278,000 | 13,697,000 | 13,920,000 | 14,257,000 | 14,370,000 | 14,580,000 | 14,747,000 | 14,982,000 | 15,139,000 | 15,623,000 | 14,512,000 | 14,779,000 | 10,529,000 | 6,702,000 | 6,581,000 | 6,479,000 | 11,168,000 | 7,744,000 | 7,773,000 |
core deposit intangible | 1,631,000 | 1,745,000 | 1,945,000 | 2,187,000 | 2,430,000 | 2,693,000 | 2,999,000 | 3,304,000 | 3,610,000 | 3,915,000 | 4,221,000 | 4,527,000 | 4,832,000 | 5,201,000 | 5,718,000 | 6,234,000 | 6,750,000 | 6,489,000 | 6,942,000 | 7,395,000 | 7,848,000 | 8,302,000 | 8,755,000 | 9,208,000 | 9,661,000 | 9,185,000 | 6,594,000 | 6,990,000 | 6,816,000 | 7,205,000 | 3,904,000 | 4,194,000 |
cash surrender value of bank owned life insurance ("boli") policies | 24,547,000 | 24,353,000 | 24,162,000 | 23,968,000 | 23,777,000 | 23,591,000 | 23,409,000 | 23,225,000 | 23,044,000 | 22,867,000 | 20,406,000 | |||||||||||||||||||||
right-of-use assets ("rou") | 13,590,000 | 12,665,000 | 13,476,000 | 13,084,000 | 13,965,000 | 13,383,000 | 12,709,000 | 12,874,000 | 13,460,000 | 13,939,000 | ||||||||||||||||||||||
goodwill | 38,838,000 | 38,838,000 | 38,838,000 | 38,838,000 | 38,838,000 | 38,838,000 | 38,838,000 | 38,838,000 | 38,838,000 | 38,838,000 | 38,838,000 | 38,838,000 | 38,838,000 | 38,838,000 | 38,838,000 | 38,838,000 | 38,838,000 | 38,838,000 | 38,838,000 | 38,838,000 | 38,838,000 | 38,838,000 | 38,838,000 | 38,838,000 | 38,838,000 | 35,466,000 | 26,449,000 | 26,449,000 | 14,594,000 | 14,594,000 | 10,365,000 | 10,365,000 |
interest receivable and other assets | 38,887,000 | 38,392,000 | 39,123,000 | 38,712,000 | 40,312,000 | 43,718,000 | 43,735,000 | 47,095,000 | 46,530,000 | 47,378,000 | 47,570,000 | 47,539,000 | 43,832,000 | 45,532,000 | 43,241,000 | 42,758,000 | 39,133,000 | 29,860,000 | 29,262,000 | 29,302,000 | 30,587,000 | 27,544,000 | 26,486,000 | 26,543,000 | 22,757,000 | 19,518,000 | 19,451,000 | 19,581,000 | 20,229,000 | 17,381,000 | ||
total assets | 2,648,536,000 | 2,593,677,000 | 2,603,787,000 | 2,622,379,000 | 2,563,798,000 | 2,664,508,000 | 2,562,340,000 | 2,593,933,000 | 2,560,709,000 | 2,551,960,000 | 2,574,386,000 | 2,567,486,000 | 2,548,060,000 | 2,513,334,000 | 2,534,498,000 | 2,678,029,000 | 2,756,012,000 | 2,350,697,000 | 2,363,816,000 | 2,334,472,000 | 2,288,203,000 | 2,195,666,000 | 2,271,731,000 | 2,189,831,000 | 2,168,814,000 | 1,994,177,000 | 1,770,710,000 | 1,771,727,000 | 1,482,470,000 | 1,478,395,000 | 1,344,197,000 | 1,345,672,000 |
liabilities and shareholders’ equity | ||||||||||||||||||||||||||||||||
noninterest and interest bearing deposits | 2,265,390,000 | 2,213,640,000 | 2,228,052,000 | 2,186,634,000 | 2,128,830,000 | 2,234,009,000 | 2,136,441,000 | 2,175,010,000 | 2,142,907,000 | 2,132,750,000 | 2,159,444,000 | 2,147,066,000 | 2,127,769,000 | 2,085,479,000 | 2,115,451,000 | 2,254,828,000 | 2,330,395,000 | 1,985,239,000 | 2,007,751,000 | 1,978,238,000 | 1,927,971,000 | 1,838,397,000 | 1,908,646,000 | 1,886,919,000 | 1,778,727,000 | 1,701,183,000 | 1,498,194,000 | 1,505,382,000 | 1,250,567,000 | 1,257,768,000 | ||
junior subordinated deferrable interest debentures | 5,874,000 | 8,726,000 | 8,706,000 | 8,686,000 | 8,665,000 | 8,645,000 | 8,625,000 | 8,605,000 | 8,585,000 | 8,565,000 | 8,544,000 | 8,524,000 | 8,504,000 | 8,484,000 | 8,464,000 | 8,443,000 | 8,423,000 | 8,403,000 | 8,383,000 | 8,363,000 | 8,343,000 | 8,322,000 | 8,302,000 | 8,282,000 | 8,262,000 | 8,242,000 | 8,221,000 | 8,201,000 | 8,181,000 | 8,161,000 | 5,428,000 | 5,417,000 |
subordinated debt | 63,821,000 | 63,779,000 | 63,736,000 | 63,694,000 | 63,651,000 | 63,609,000 | 63,881,000 | 63,839,000 | 63,796,000 | 63,754,000 | 63,711,000 | 63,669,000 | 63,627,000 | 63,584,000 | 63,542,000 | 63,499,000 | 63,457,000 | 63,414,000 | 63,372,000 | 63,340,000 | ||||||||||||
salary continuation plan | 5,274,000 | 5,122,000 | 4,991,000 | 4,860,000 | 4,724,000 | 4,737,000 | 4,697,000 | 4,733,000 | 4,667,000 | 4,552,000 | 4,886,000 | 4,955,000 | 4,921,000 | 4,840,000 | 4,724,000 | 4,617,000 | 4,517,000 | 4,393,000 | 4,286,000 | 4,184,000 | 4,100,000 | 4,009,000 | 3,923,000 | 3,828,000 | 3,738,000 | 3,658,000 | 3,551,000 | 3,471,000 | 3,400,000 | 3,338,000 | 3,256,000 | 3,206,000 |
lease liabilities | 14,568,000 | 13,659,000 | 14,494,000 | 14,120,000 | 15,016,000 | 14,383,000 | 13,660,000 | 13,779,000 | 14,321,000 | 14,752,000 | 16,017,000 | 15,947,000 | 16,329,000 | 17,138,000 | 16,411,000 | 12,761,000 | 14,177,000 | 12,657,000 | 11,668,000 | 12,448,000 | 12,398,000 | 12,328,000 | 13,097,000 | 14,130,000 | 14,892,000 | 15,599,000 | 10,387,000 | 10,798,000 | 7,818,000 | |||
interest payable and other liabilities | 13,442,000 | 13,976,000 | 13,275,000 | 13,696,000 | 13,447,000 | 14,632,000 | 13,542,000 | 12,890,000 | 12,385,000 | 14,591,000 | 14,396,000 | 20,184,000 | 13,311,000 | 16,533,000 | 11,376,000 | 13,198,000 | 10,262,000 | 13,856,000 | 10,959,000 | 15,233,000 | 12,427,000 | 11,647,000 | 9,074,000 | 8,264,000 | 9,634,000 | 11,275,000 | 9,472,000 | 9,238,000 | 6,093,000 | 8,375,000 | 7,482,000 | 5,241,000 |
total liabilities | 2,304,548,000 | 2,255,123,000 | 2,269,518,000 | 2,291,817,000 | 2,234,461,000 | 2,340,142,000 | 2,240,659,000 | 2,278,668,000 | 2,246,474,000 | 2,239,091,000 | 2,267,126,000 | 2,260,472,000 | 2,234,588,000 | 2,196,185,000 | 2,220,095,000 | 2,357,474,000 | 2,431,358,000 | 2,088,090,000 | 2,106,546,000 | 2,081,923,000 | 2,033,653,000 | 1,943,075,000 | 2,016,382,000 | 1,937,423,000 | 1,915,253,000 | 1,739,957,000 | 1,529,825,000 | 1,537,090,000 | 1,276,059,000 | 1,277,642,000 | 1,146,887,000 | 1,152,032,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||
shareholders' equity | ||||||||||||||||||||||||||||||||
preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both march 31, 2026 and december 31, 2025 | ||||||||||||||||||||||||||||||||
common stock | 166,186,000 | 165,998,000 | 166,633,000 | 167,369,000 | 171,099,000 | 172,254,000 | 172,183,000 | 173,108,000 | 177,075,000 | 180,913,000 | 183,212,000 | 187,579,000 | 196,485,000 | 204,301,000 | 208,483,000 | 216,079,000 | 220,294,000 | 157,098,000 | 156,874,000 | 156,974,000 | 165,454,000 | 167,242,000 | 148,886,000 | 148,522,000 | ||||||||
additional paid in capital | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 | 287,000 |
accumulated other comprehensive loss, net of tax | -6,294,000 | -6,634,000 | -7,962,000 | -10,122,000 | -10,911,000 | -13,006,000 | -11,168,000 | -13,602,000 | -14,108,000 | -14,592,000 | -17,260,000 | -16,420,000 | -15,970,000 | |||||||||||||||||||
retained earnings | 183,809,000 | 178,903,000 | 175,311,000 | 173,028,000 | 168,862,000 | 164,831,000 | 160,379,000 | 155,472,000 | 150,981,000 | 146,261,000 | 141,021,000 | 135,568,000 | 132,670,000 | 127,379,000 | 119,971,000 | 113,400,000 | 108,859,000 | 103,056,000 | 97,617,000 | 92,205,000 | 86,897,000 | 82,365,000 | 77,825,000 | 74,576,000 | 71,457,000 | 68,639,000 | 64,052,000 | 58,489,000 | 56,262,000 | 51,321,000 | 48,703,000 | 45,185,000 |
total shareholders’ equity | 343,988,000 | 338,554,000 | 334,269,000 | 330,562,000 | 329,337,000 | 324,366,000 | 321,681,000 | 315,265,000 | 314,235,000 | 312,869,000 | 307,260,000 | 307,014,000 | 313,472,000 | 317,149,000 | 314,403,000 | 320,555,000 | 324,654,000 | 262,607,000 | 257,270,000 | 252,549,000 | 254,550,000 | 252,591,000 | 255,349,000 | 252,408,000 | 254,220,000 | 240,885,000 | 200,753,000 | |||||
total liabilities and shareholders’ equity | 2,648,536,000 | 2,593,677,000 | 2,603,787,000 | 2,622,379,000 | 2,563,798,000 | 2,664,508,000 | 2,562,340,000 | 2,593,933,000 | 2,560,709,000 | 2,551,960,000 | 2,574,386,000 | 2,567,486,000 | 2,548,060,000 | 2,513,334,000 | 2,534,498,000 | 2,678,029,000 | 2,756,012,000 | 2,350,697,000 | 2,363,816,000 | 2,334,472,000 | 2,288,203,000 | 2,195,666,000 | 2,271,731,000 | 2,189,831,000 | 1,994,177,000 | 1,770,710,000 | 1,478,395,000 | |||||
time deposits in banks | 249,000 | 498,000 | 747,000 | 996,000 | 1,245,000 | 1,743,000 | 1,992,000 | 2,241,000 | 2,241,000 | 2,490,000 | ||||||||||||||||||||||
investment securities available-for-sale ("afs"), at fair value, net of allowance for credit losses of 0 at both december 31, 2025 and december 31, 2024 | 179,708,000 | |||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 21,210 at december 31, 2025 and 17,900 at december 31, 2024 | 2,045,126,000 | |||||||||||||||||||||||||||||||
preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both december 31, 2025 and december 31, 2024 | ||||||||||||||||||||||||||||||||
investment securities available-for-sale ("afs"), at fair value, net of allowance for credit losses of 0 at both september 30, 2025 and december 31, 2024 | 187,774,000 | |||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 20,800 at september 30, 2025 and 17,900 at december 31, 2024 | 2,021,537,000 | |||||||||||||||||||||||||||||||
preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both september 30, 2025 and december 31, 2024 | ||||||||||||||||||||||||||||||||
investment securities available-for-sale ("afs"), at fair value, net of allowance for credit losses of 0 at both june 30, 2025 and december 31, 2024 | 184,682,000 | |||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 18,700 at june 30, 2025 and 17,900 at december 31, 2024 | 1,981,549,000 | |||||||||||||||||||||||||||||||
preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both june 30, 2025 and december 31, 2024 | ||||||||||||||||||||||||||||||||
investment securities available-for-sale ("afs"), at fair value, net of allowance for credit losses of 0 at both march 31, 2025 and december 31, 2024 | 192,400,000 | |||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 18,500 at march 31, 2025 and 17,900 at december 31, 2024 | 1,948,168,000 | |||||||||||||||||||||||||||||||
preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both march 31, 2025 and december 31, 2024 | ||||||||||||||||||||||||||||||||
investment securities available-for-sale ("afs"), at fair value, net of allowance for credit losses of 0 at both december 31, 2024 and december 31, 2023 | 193,328,000 | |||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 17,900 at december 31, 2024 and 22,000 at december 31, 2023 | 1,934,996,000 | |||||||||||||||||||||||||||||||
preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both december 31, 2024 and december 31, 2023 | ||||||||||||||||||||||||||||||||
investment securities available-for-sale ("afs"), at fair value, net of allowance for credit losses of 0 at both september 30, 2024 and december 31, 2023 | 193,762,000 | |||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 18,310 at september 30, 2024 and 22,000 at december 31, 2023 | 1,893,795,000 | |||||||||||||||||||||||||||||||
preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both september 30, 2024 and december 31, 2023 | ||||||||||||||||||||||||||||||||
investment securities available-for-sale ("afs"), at fair value, net of allowance for credit losses of 0 at both june 30, 2024 and december 31, 2023 | 183,633,000 | |||||||||||||||||||||||||||||||
equity securities | 12,837,000 | 13,158,000 | 12,585,000 | 11,639,000 | 11,912,000 | |||||||||||||||||||||||||||
loans, net of allowance for credit losses of 19,000 at june 30, 2024 and 22,000 at december 31, 2023 | 1,845,172,000 | |||||||||||||||||||||||||||||||
preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both june 30, 2024 and december 31, 2023 | ||||||||||||||||||||||||||||||||
investment securities available-for-sale ("afs"), at fair value, net of allowance for credit losses of 0 at both march 31, 2024 and december 31, 2023 | 167,919,000 | |||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 18,890 at march 31, 2024 and 22,000 at december 31, 2023 | 1,867,840,000 | |||||||||||||||||||||||||||||||
preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both march 31, 2024 and december 31, 2023 | ||||||||||||||||||||||||||||||||
investment securities available-for-sale ("afs"), at fair value, net of allowance for credit losses of 0 at both december 31, 2023 and december 31, 2022 | 163,152,000 | |||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 22,000 at december 31, 2023 and 18,900 at december 31, 2022 | 1,905,829,000 | |||||||||||||||||||||||||||||||
other real estate owned | 21,000 | 21,000 | 21,000 | 21,000 | 21,000 | 21,000 | 21,000 | 186,000 | 186,000 | 429,000 | 296,000 | 296,000 | 595,000 | 574,000 | 635,000 | 627,000 | 801,000 | 801,000 | 362,000 | |||||||||||||
preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both december 31, 2023 and december 31, 2022 | ||||||||||||||||||||||||||||||||
investment securities available-for-sale (afs), at fair value, net of allowance for credit losses of 0 at both september 30, 2023 and december 31, 2022 | 145,845,000 | |||||||||||||||||||||||||||||||
federal home loan bank (fhlb) stock, at par | 11,313,000 | 11,313,000 | 10,679,000 | 10,679,000 | 10,679,000 | 10,679,000 | 10,679,000 | 8,385,000 | 8,385,000 | 8,385,000 | 7,737,000 | 7,737,000 | 7,737,000 | 7,737,000 | ||||||||||||||||||
federal reserve bank (frb) stock, at par | 9,621,000 | 9,616,000 | 9,609,000 | 9,602,000 | 9,595,000 | 9,588,000 | 8,547,000 | 7,650,000 | 7,640,000 | 7,629,000 | 7,617,000 | 7,605,000 | 7,594,000 | 7,491,000 | ||||||||||||||||||
loans, net of allowance for credit losses of 19,800 at september 30, 2023 and 18,900 at december 31, 2022 | 1,949,004,000 | |||||||||||||||||||||||||||||||
cash surrender value of bank owned life insurance (boli) policies | 22,698,000 | 22,528,000 | 22,359,000 | 22,193,000 | 22,043,000 | 21,891,000 | 21,736,000 | 21,590,000 | 21,422,000 | 21,250,000 | 21,075,000 | 20,910,000 | 20,745,000 | 20,576,000 | ||||||||||||||||||
right-of-use assets (rou) | 15,220,000 | 15,270,000 | 15,706,000 | 16,569,000 | 15,875,000 | 12,243,000 | 13,645,000 | 12,127,000 | ||||||||||||||||||||||||
preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both september 30, 2023 and december 31, 2022 | ||||||||||||||||||||||||||||||||
investment securities available-for-sale (afs), at fair value, net of allowance for credit losses of 0 at both june 30, 2023 and december 31, 2022 | 146,506,000 | |||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 19,100 at june 30, 2023 and 18,900 at december 31, 2022 | 1,994,207,000 | |||||||||||||||||||||||||||||||
preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both june 30, 2023 and december 31, 2022 | ||||||||||||||||||||||||||||||||
investment securities available-for-sale (afs), at fair value, net of allowance for credit losses of 1,100 at march 31, 2023 and 0 at december 31, 2022 | 165,261,000 | |||||||||||||||||||||||||||||||
loans, net of allowance for credit losses of 20,400 at march 31, 2023 and 18,900 at december 31, 2022 | 2,024,136,000 | |||||||||||||||||||||||||||||||
preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both march 31, 2023 and december 31, 2022 | ||||||||||||||||||||||||||||||||
investment securities available-for-sale | 167,761,000 | 167,213,000 | 177,300,000 | 184,673,000 | 174,435,000 | 142,315,000 | 137,463,000 | 111,147,000 | 115,590,000 | 113,708,000 | 121,430,000 | 123,915,000 | 119,889,000 | 99,017,000 | 100,271,000 | 97,299,000 | 99,796,000 | 69,682,000 | 54,433,000 | |||||||||||||
loans, net of allowance for loan losses of 18,900 at december 31, 2022 and 17,700 at december 31, 2021 | 2,002,224,000 | |||||||||||||||||||||||||||||||
preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both december 31, 2022 and december 31, 2021 | ||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of tax | -14,818,000 | -14,338,000 | -9,211,000 | -4,786,000 | 2,166,000 | 2,492,000 | 3,083,000 | 1,912,000 | 2,697,000 | 2,880,000 | 2,061,000 | 1,251,000 | 1,604,000 | 1,286,000 | 494,000 | -103,000 | -566,000 | -354,000 | ||||||||||||||
cash and due from banks | 32,206,000 | 35,233,000 | 35,532,000 | 21,178,000 | 28,744,000 | 30,144,000 | 34,475,000 | 29,683,000 | 319,835,000 | 37,515,000 | 40,230,000 | 23,476,000 | 25,584,000 | 27,587,000 | 20,370,000 | 20,846,000 | 116,079,000 | 17,903,000 | ||||||||||||||
federal funds sold and interest bearing balances in banks | 192,475,000 | |||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 18,050 at september 30, 2022 and 17,700 december 31, 2021 | 1,976,916,000 | |||||||||||||||||||||||||||||||
preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both september 30, 2022 and december 31, 2021 | ||||||||||||||||||||||||||||||||
federal funds sold | 319,281,000 | 391,667,000 | 358,509,000 | 415,714,000 | 438,549,000 | 423,264,000 | 269,646,000 | 166,206,000 | 234,079,000 | 271,906,000 | 311,494,000 | 324,007,000 | 312,102,000 | 302,735,000 | 197,138,000 | 300,364,000 | ||||||||||||||||
interest bearing deposits in banks | 2,839,000 | 3,336,000 | 3,585,000 | 4,083,000 | 5,726,000 | 6,971,000 | 7,718,000 | 8,714,000 | 14,550,000 | 16,544,000 | 1,739,000 | 2,483,000 | 3,232,000 | 3,481,000 | 3,980,000 | |||||||||||||||||
loans, net of allowance for loan losses of 17,800 at june 30, 2022 and 17,700 december 31, 2021 | 1,987,204,000 | |||||||||||||||||||||||||||||||
preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both june 30, 2022 and december 31, 2021 | ||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 17,700 at march 31, 2022 and 17,700 december 31, 2021 | 1,986,228,000 | |||||||||||||||||||||||||||||||
preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both march 31, 2022 and december 31, 2021 | ||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 17,700 at december 31, 2021 and 17,500 december 31, 2020 | 1,647,190,000 | |||||||||||||||||||||||||||||||
other borrowings | 5,000,000 | 5,000,000 | 10,000,000 | 16,000,000 | 100,000,000 | |||||||||||||||||||||||||||
preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both december 31, 2021 and december 31, 2020 | ||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 17,300 at september 30, 2021 and 17,500 december 31, 2020 | 1,623,536,000 | |||||||||||||||||||||||||||||||
right-of-use assets | 11,113,000 | 11,902,000 | 12,168,000 | 12,049,000 | 13,061,000 | 13,754,000 | 14,531,000 | 15,291,000 | 10,185,000 | 10,598,000 | 7,502,000 | |||||||||||||||||||||
preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both september 30, 2021 and december 31, 2020 | ||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 17,000 at june 30, 2021 and 17,500 december 31, 2020 | 1,575,621,000 | |||||||||||||||||||||||||||||||
preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both june 30, 2021 and december 31, 2020 | ||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 17,500 at both march 31, 2021 and december 31, 2020 | 1,566,702,000 | |||||||||||||||||||||||||||||||
preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both march 31, 2021 and december 31, 2020 | ||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 17,500 and 7,400 at december 31, 2020 and 2019, respectively | 1,625,812,000 | |||||||||||||||||||||||||||||||
preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both december 31, 2020 and 2019 | ||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 15,800 and 7,400 at september 30, 2020 and december 31, 2019, respectively | 1,678,295,000 | |||||||||||||||||||||||||||||||
preferred stock - no par value; 10,000,000 shares authorized; no shares issued and outstanding at both september 30, 2020 and december 31, 2019 | ||||||||||||||||||||||||||||||||
common stock - no par value; 100,000,000 shares authorized; 11,833,115 and 12,444,632 shares issued and outstanding at september 30, 2020 and december 31, 2019, respectively | 174,357,000 | |||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 13,500 and 7,400 at june 30, 2020 and december 31, 2019, respectively | 1,711,175,000 | |||||||||||||||||||||||||||||||
preferred stock - no par value; 10,000,000 shares authorized; no shares issued and outstanding at both june 30, 2020 and december 31, 2019 | ||||||||||||||||||||||||||||||||
common stock - no par value; 100,000,000 shares authorized; 11,870,164 and 12,444,632 shares issued and outstanding at june 30, 2020 and december 31, 2019, respectively | 174,656,000 | |||||||||||||||||||||||||||||||
accumulated other comprehensive income , net of tax | 2,889,000 | |||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 9,100 and 7,400 at march 31, 2020 and december 31, 2019, respectively | 1,617,616,000 | |||||||||||||||||||||||||||||||
liabilities and shareholders' equity | ||||||||||||||||||||||||||||||||
preferred stock - no par value; 10,000,000 shares authorized; no shares issued and outstanding at both march 31, 2020 and december 31, 2019 | ||||||||||||||||||||||||||||||||
common stock - no par value; 100,000,000 shares authorized; 12,229,848 and 12,444,632 shares issued and outstanding at march 31, 2020 and december 31, 2019, respectively | 179,756,000 | |||||||||||||||||||||||||||||||
total shareholders' equity | 253,561,000 | 234,637,000 | 206,411,000 | 197,310,000 | 193,640,000 | |||||||||||||||||||||||||||
total liabilities and shareholders' equity | 2,168,814,000 | 1,771,727,000 | 1,482,470,000 | 1,344,197,000 | 1,345,672,000 | |||||||||||||||||||||||||||
federal home loan bank (“fhlb”) stock, at par | 7,174,000 | 7,174,000 | 5,162,000 | |||||||||||||||||||||||||||||
federal reserve bank (“frb”) stock, at par | 6,731,000 | 4,169,000 | 4,081,000 | |||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 7,400 and 5,140 at december 31, 2019 and 2018, respectively | 1,450,229,000 | |||||||||||||||||||||||||||||||
cash surrender value of bank owned life insurance policies (boli) | 20,244,000 | |||||||||||||||||||||||||||||||
shareholders’ equity | ||||||||||||||||||||||||||||||||
preferred stock – no par value; 10,000,000 shares authorized; no shares issued and outstanding at december 31, 2019 and 2018, respectively | ||||||||||||||||||||||||||||||||
common stock – no par value; 100,000,000 shares authorized; 12,444,632 and 10,869,275 shares issued and outstanding at december 31, 2019 and 2018, respectively | 184,043,000 | |||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 6,360 and 5,140 at september 30, 2019 and december 31, 2018, respectively | 1,225,321,000 | |||||||||||||||||||||||||||||||
cash surrender value of bank owned life insurance (“boli”) policies | 20,086,000 | |||||||||||||||||||||||||||||||
preferred stock - no par value; 10,000,000 shares authorized; no shares issued and outstanding | ||||||||||||||||||||||||||||||||
common stock - no par value; 100,000,000 shares authorized; 12,061,616 and 10,869,275 shares issued and outstanding at september 30, 2019 and december 31, 2018, respectively | 174,942,000 | |||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 5,880 and 5,140 at june 30, 2019 and december 31, 2018, respectively | 1,213,527,000 | |||||||||||||||||||||||||||||||
cash surrender value of bank owned life insurance policies | 19,918,000 | 19,766,000 | 19,602,000 | 16,586,000 | 16,510,000 | |||||||||||||||||||||||||||
common stock - no par value; 100,000,000 shares authorized; 12,052,266 and 10,869,275 shares issued and outstanding at june 30, 2019 and december 31, 2018, respectively | 174,575,000 | |||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 5,405 and 5,140 at march 31, 2019 and december 31, 2018, respectively | 959,561,000 | |||||||||||||||||||||||||||||||
common stock - no par value; 100,000,000 shares authorized; 10,891,564 and 10,869,275 shares issued and outstanding at march 31, 2019 and december 31, 2018, respectively | 149,368,000 | |||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 5,140 and 4,215 at december 31, 2018 and 2017, respectively | 970,189,000 | |||||||||||||||||||||||||||||||
long-term borrowings | ||||||||||||||||||||||||||||||||
preferred stock – no par value; 10,000,000 shares authorized; no shares issued and outstanding | ||||||||||||||||||||||||||||||||
common stock – no par value; 100,000,000 shares authorized; 10,869,275 and 7,496,995 shares issued and outstanding at december 31, 2018 and 2017, respectively | 149,248,000 | |||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||
interest earning deposits in financial institutions | 1,000,000 | 1,245,000 | ||||||||||||||||||||||||||||||
federal home loan bank stock, at par | 5,097,000 | 5,097,000 | ||||||||||||||||||||||||||||||
federal reserve bank stock, at par | 3,357,000 | 3,357,000 | ||||||||||||||||||||||||||||||
loans | 902,250,000 | 913,486,000 | ||||||||||||||||||||||||||||||
deferred fees | -381,000 | -423,000 | ||||||||||||||||||||||||||||||
allowance for loan losses | -5,500,000 | -4,600,000 | ||||||||||||||||||||||||||||||
interest recievable and other assets | 15,929,000 | 15,634,000 | ||||||||||||||||||||||||||||||
deposits | ||||||||||||||||||||||||||||||||
non-interest bearing deposits | 349,346,000 | 346,009,000 | ||||||||||||||||||||||||||||||
interest bearing deposits | 781,375,000 | 792,159,000 | ||||||||||||||||||||||||||||||
total deposits | 1,130,721,000 | 1,138,168,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||
net income | 8,180,000 | 6,858,000 | 5,007,000 | 6,364,000 | 5,702,000 | 6,120,000 | 6,017,000 | 5,600,000 | 5,877,000 | 6,396,000 | 6,632,000 | 7,351,000 | 7,046,000 | 8,052,000 | 7,229,000 | 5,218,000 | 6,488,000 | 5,438,000 | 5,413,000 | 5,308,000 | 4,532,000 | 4,540,000 | 3,249,000 | 3,119,000 | 2,818,000 | 4,587,000 | 5,563,000 | 2,227,000 | 4,941,000 | 2,618,000 | |
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||
(reversal of) provision for credit losses | -670,000 | 674,000 | |||||||||||||||||||||||||||||
deferred tax expense | 3,084,000 | -1,998,000 | 694,000 | 0 | 801,000 | -2,608,000 | 1,388,000 | 112,000 | 1,909,000 | ||||||||||||||||||||||
amortization on acquired loans | -562,000 | 59,000 | 173,000 | -96,000 | 103,000 | ||||||||||||||||||||||||||
gain on sale of loans | -123,000 | -17,000 | 1,000 | -54,000 | -198,000 | 0 | 0 | 0 | -28,000 | -68,000 | -412,000 | -33,000 | -1,278,000 | -299,000 | -1,137,000 | -1,090,000 | -2,176,000 | -953,000 | -576,000 | -805,000 | -176,000 | -212,000 | -642,000 | -1,217,000 | -613,000 | -979,000 | -190,000 | -438,000 | -424,000 | ||
proceeds from sale of loans originated for sale | 1,637,000 | 251,000 | 0 | 758,000 | 3,738,000 | 0 | |||||||||||||||||||||||||
loans originated for sale | -1,502,000 | -188,000 | 0 | -568,000 | -2,804,000 | 0 | 0 | 0 | -320,000 | -510,000 | -6,372,000 | 1,991,000 | -22,709,000 | -5,308,000 | -7,931,000 | -10,965,000 | -23,920,000 | -9,990,000 | -9,702,000 | -12,599,000 | -4,385,000 | -4,451,000 | -11,200,000 | -18,911,000 | -13,007,000 | -12,431,000 | -8,113,000 | -6,249,000 | -8,514,000 | ||
amortization on junior subordinated debentures | 241,000 | ||||||||||||||||||||||||||||||
increase in cash surrender value of life insurance policies | -194,000 | -191,000 | -194,000 | -191,000 | -186,000 | -182,000 | -184,000 | -181,000 | -177,000 | -169,000 | -170,000 | -169,000 | -166,000 | -150,000 | -152,000 | -155,000 | -146,000 | -168,000 | -172,000 | -175,000 | -165,000 | -168,000 | -152,000 | -164,000 | -70,000 | -76,000 | |||||
amortization/accretion of premiums/discounts on investment securities | 18,000 | 41,000 | 38,000 | 29,000 | 28,000 | 17,000 | -46,000 | 28,000 | 36,000 | 45,000 | 68,000 | 114,000 | 113,000 | 140,000 | 161,000 | 154,000 | 137,000 | 57,000 | 204,000 | 129,000 | 109,000 | ||||||||||
loss on equity securities | -58,000 | -7,000 | 255,000 | 1,209,000 | -1,420,000 | 321,000 | -573,000 | -946,000 | 274,000 | ||||||||||||||||||||||
depreciation and amortization | 486,000 | -417,000 | 1,494,000 | 496,000 | 470,000 | 508,000 | 528,000 | 518,000 | 491,000 | 411,000 | 383,000 | 430,000 | 453,000 | 475,000 | 489,000 | 525,000 | 486,000 | 508,000 | 510,000 | 505,000 | 520,000 | 666,000 | 301,000 | 425,000 | 472,000 | 348,000 | 297,000 | 261,000 | 301,000 | 242,000 | 235,000 |
core deposit intangible amortization | 114,000 | 200,000 | 242,000 | 243,000 | 263,000 | 306,000 | 305,000 | 306,000 | 305,000 | 306,000 | 306,000 | 305,000 | 369,000 | 517,000 | 516,000 | 516,000 | 495,000 | 454,000 | 453,000 | 452,000 | 454,000 | 453,000 | 453,000 | 453,000 | 473,000 | 447,000 | 396,000 | 392,000 | 389,000 | 303,000 | 290,000 |
stock based compensation expense | 188,000 | 178,000 | 173,000 | 151,000 | 151,000 | 105,000 | 159,000 | 164,000 | 160,000 | 141,000 | 153,000 | 182,000 | 250,000 | 233,000 | 232,000 | 232,000 | 325,000 | 317,000 | 326,000 | 351,000 | 413,000 | 399,000 | 385,000 | 363,000 | 309,000 | 347,000 | 367,000 | 320,000 | 120,000 | ||
increase in deferred loan origination fees | 116,000 | -302,000 | -174,000 | 2,000 | 64,000 | -176,000 | -73,000 | -210,000 | -1,362,000 | -2,062,000 | -656,000 | -24,000 | 798,000 | -728,000 | 3,000 | 4,059,000 | 62,000 | 83,000 | -15,000 | -42,000 | |||||||||||
net change in interest receivable and other assets | -2,675,000 | 2,644,000 | -1,934,000 | 2,004,000 | 941,000 | 2,522,000 | 1,113,000 | -309,000 | -811,000 | -592,000 | 389,000 | ||||||||||||||||||||
increase in salary continuation plan | 152,000 | 131,000 | 131,000 | 136,000 | -13,000 | 40,000 | -36,000 | 66,000 | 115,000 | -334,000 | -69,000 | 34,000 | 81,000 | 116,000 | 107,000 | 100,000 | 124,000 | 107,000 | 102,000 | 84,000 | 91,000 | 86,000 | 95,000 | 90,000 | 80,000 | 80,000 | |||||
net change in interest payable and other liabilities | -1,439,000 | -695,000 | -673,000 | -2,819,000 | -459,000 | 176,000 | 632,000 | 166,000 | -2,581,000 | -991,000 | -5,539,000 | ||||||||||||||||||||
net cash from operating activities | 6,993,000 | 8,838,000 | 7,345,000 | 6,368,000 | 9,280,000 | 7,988,000 | 9,618,000 | 7,668,000 | 5,083,000 | 8,409,000 | 2,604,000 | 12,245,000 | 7,544,000 | 15,856,000 | 12,940,000 | 7,970,000 | 2,846,000 | 5,038,000 | -3,083,000 | 7,823,000 | 651,000 | 3,840,000 | 5,264,000 | 3,857,000 | -2,964,000 | 1,575,000 | 3,215,000 | 2,624,000 | -458,000 | 3,874,000 | -929,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 6,993,000 | 8,838,000 | 7,345,000 | 6,368,000 | 9,280,000 | 7,988,000 | 9,618,000 | 7,668,000 | 5,083,000 | 8,409,000 | 2,604,000 | 12,245,000 | 7,544,000 | 15,856,000 | 12,940,000 | 7,970,000 | 2,846,000 | 5,038,000 | -3,083,000 | 7,823,000 | 651,000 | 3,840,000 | 5,264,000 | 3,857,000 | -2,964,000 | 1,575,000 | 3,215,000 | 2,624,000 | -458,000 | 3,874,000 | -929,000 |
cash flows from investing activities: | |||||||||||||||||||||||||||||||
proceeds from maturities of interest bearing deposits in banks | 0 | 0 | 0 | 249,000 | 249,000 | 249,000 | 249,000 | 249,000 | 498,000 | 249,000 | 497,000 | 249,000 | 498,000 | 1,643,000 | 994,000 | 998,000 | 996,000 | 5,836,000 | 1,994,000 | 1,235,000 | |||||||||||
purchase of investment securities afs | -19,706,000 | -4,045,000 | -7,989,000 | -10,836,000 | -12,450,000 | -19,438,000 | -7,132,000 | -18,851,000 | |||||||||||||||||||||||
proceeds from maturities, repayments and calls of investment securities afs | 10,282,000 | 13,882,000 | 8,491,000 | 12,373,000 | 3,828,000 | 8,737,000 | 5,710,000 | 4,405,000 | 3,025,000 | 5,245,000 | |||||||||||||||||||||
purchase of frb stock | -5,000 | -4,000 | -5,000 | -3,000 | -5,000 | -5,000 | -5,000 | -4,000 | |||||||||||||||||||||||
proceeds from sale of loans held for investment | 919,000 | ||||||||||||||||||||||||||||||
purchase of loans | -3,169,000 | -6,383,000 | -3,989,000 | -13,094,000 | -7,550,000 | ||||||||||||||||||||||||||
decrease in loans | 58,989,000 | -20,902,000 | -39,539,000 | -19,950,000 | -4,990,000 | 45,651,000 | -58,854,000 | 23,427,000 | 36,027,000 | -45,715,000 | -8,785,000 | 66,490,000 | 59,587,000 | 20,619,000 | -98,433,000 | -63,988,000 | |||||||||||||||
purchase of equipment and leasehold improvements | -302,000 | 262,000 | -1,116,000 | -749,000 | -143,000 | -58,000 | -255,000 | -245,000 | -1,143,000 | -1,420,000 | -532,000 | -23,000 | -148,000 | -237,000 | -266,000 | -166,000 | -174,000 | -217,000 | -389,000 | -306,000 | -397,000 | -346,000 | -1,868,000 | -158,000 | -843,000 | -695,000 | -418,000 | -123,000 | -163,000 | ||
net cash from investing activities | 47,008,000 | -12,815,000 | -44,146,000 | -25,216,000 | -8,609,000 | -42,833,000 | -58,768,000 | 8,393,000 | 31,022,000 | 27,507,000 | 42,469,000 | 31,471,000 | -21,045,000 | -28,677,000 | 5,794,000 | -640,000 | 77,463,000 | -47,204,000 | -50,239,000 | -33,305,000 | 70,386,000 | 58,385,000 | 32,467,000 | -93,174,000 | -71,335,000 | -32,549,000 | -10,543,000 | 27,469,000 | 16,550,000 | 14,925,000 | 3,326,000 |
cash flows from financing activities: | |||||||||||||||||||||||||||||||
increase in noninterest and interest bearing deposits in banks | 31,811,000 | -315,277,000 | 293,572,000 | -475,150,000 | |||||||||||||||||||||||||||
increase in time deposits | 19,939,000 | -30,000 | 10,378,000 | 31,442,000 | -31,010,000 | 66,568,000 | -38,270,000 | 13,888,000 | 36,973,000 | 45,900,000 | -27,779,000 | 69,183,000 | 96,591,000 | ||||||||||||||||||
repayment of junior subordinated debentures | -3,093,000 | 0 | 0 | 0 | -1,575,000 | ||||||||||||||||||||||||||
repurchase of common stock | -813,000 | -909,000 | -3,881,000 | -1,306,000 | -34,000 | -1,084,000 | -4,131,000 | -3,998,000 | -2,440,000 | -4,520,000 | -9,088,000 | -8,066,000 | -4,415,000 | -7,828,000 | -4,448,000 | -1,268,000 | -93,000 | -426,000 | -8,831,000 | -2,201,000 | -7,514,000 | -684,000 | -5,463,000 | -4,596,000 | |||||||
dividends paid on common stock | -3,267,000 | -2,730,000 | -2,201,000 | 0 | -1,669,000 | 59,000 | -1,121,000 | -1,157,000 | -1,156,000 | -1,177,000 | -1,196,000 | ||||||||||||||||||||
net cash from financing activities | 45,390,000 | -17,955,000 | -26,377,000 | 53,923,000 | -108,154,000 | 97,593,000 | -40,774,000 | 26,815,000 | 4,688,000 | -30,311,000 | 6,662,000 | 8,945,000 | 34,224,000 | -35,045,000 | -148,567,000 | -80,015,000 | -32,797,000 | -22,605,000 | 29,087,000 | 36,436,000 | 87,373,000 | -82,731,000 | 78,383,000 | 18,729,000 | 53,226,000 | -10,722,000 | -7,188,000 | -10,971,000 | -7,201,000 | -8,435,000 | -7,447,000 |
increase in cash and cash equivalents | 99,391,000 | 35,075,000 | -107,483,000 | 62,748,000 | -89,924,000 | 42,876,000 | 40,793,000 | 5,605,000 | 51,735,000 | 52,661,000 | 20,723,000 | -47,866,000 | -129,833,000 | -72,685,000 | 47,512,000 | -64,771,000 | -24,235,000 | 10,954,000 | 158,410,000 | -20,506,000 | 116,114,000 | -70,588,000 | -21,073,000 | -41,696,000 | -14,516,000 | 19,122,000 | 8,891,000 | 10,364,000 | -5,050,000 | ||
cash and cash equivalents at beginning of period | 206,514,000 | 0 | 0 | 0 | 364,032,000 | 0 | 0 | 0 | 307,539,000 | 0 | 0 | 0 | 176,815,000 | 0 | 0 | 0 | 379,687,000 | 0 | 0 | 0 | 299,329,000 | 0 | 0 | 0 | 295,382,000 | 0 | 0 | 0 | 323,581,000 | 0 | 0 |
cash and cash equivalents at end of period | 305,905,000 | -21,932,000 | -63,178,000 | 35,075,000 | 256,549,000 | 62,748,000 | -89,924,000 | 42,876,000 | 348,332,000 | 5,605,000 | 51,735,000 | 52,661,000 | 197,538,000 | -47,866,000 | -129,833,000 | -72,685,000 | 427,199,000 | -64,771,000 | -24,235,000 | 10,954,000 | 457,739,000 | -20,506,000 | 116,114,000 | -70,588,000 | 274,309,000 | -41,696,000 | -14,516,000 | 19,122,000 | 332,472,000 | 10,364,000 | -5,050,000 |
supplemental disclosure of cash flow information: | |||||||||||||||||||||||||||||||
cash paid during the year for: | |||||||||||||||||||||||||||||||
interest expense | 9,117,000 | 8,337,000 | 12,263,000 | 9,469,000 | 10,555,000 | 10,547,000 | 11,176,000 | 9,247,000 | 9,673,000 | 8,134,000 | 8,251,000 | 5,468,000 | 5,108,000 | 1,951,000 | 3,349,000 | 1,640,000 | 3,306,000 | 1,309,000 | 3,116,000 | 2,367,000 | 2,221,000 | 2,077,000 | 1,949,000 | ||||||||
income taxes paid | 2,039,000 | 1,520,000 | 1,185,000 | 1,424,000 | 9,266,000 | 2,878,000 | -3,000 | 10,000 | 1,750,000 | 3,073,000 | -4,160,000 | 6,985,000 | 1,882,000 | 1,550,000 | 3,635,000 | 33,000 | |||||||||||||||
non-cash investing and financing activities: | |||||||||||||||||||||||||||||||
change in unrealized gain on afs securities, net of tax | 340,000 | 1,328,000 | 2,160,000 | 789,000 | 2,095,000 | -1,838,000 | 2,434,000 | 506,000 | 484,000 | ||||||||||||||||||||||
transfer of loans to held-for-sale | 125,000 | 1,316,000 | 421,000 | 0 | 276,000 | -36,000 | 568,000 | 0 | 1,684,000 | ||||||||||||||||||||||
recognition of rou assets in exchange for lease obligations | 1,746,000 | 0 | 1,232,000 | 0 | 1,469,000 | 1,602,000 | |||||||||||||||||||||||||
cash dividends declared on common stock not yet paid | -3,274,000 | -535,000 | -527,000 | -526,000 | -1,671,000 | -559,000 | -1,000 | 48,000 | -1,157,000 | 21,000 | 17,000 | 68,000 | -1,264,000 | ||||||||||||||||||
provision for credit losses | 250,000 | 2,973,000 | 203,000 | 642,000 | 252,000 | 1,375,000 | |||||||||||||||||||||||||
loss on sale of oreo | 0 | 0 | |||||||||||||||||||||||||||||
gain on repayment of subordinated debt | 0 | 0 | -68,000 | 34,000 | |||||||||||||||||||||||||||
decrease in deferred loan origination fees | 10,000 | 35,000 | 18,000 | -64,000 | -26,000 | -66,000 | -8,000 | ||||||||||||||||||||||||
purchase of fhlb stock | 0 | 0 | |||||||||||||||||||||||||||||
redemption (purchase) of frb stock | |||||||||||||||||||||||||||||||
repayment of subordinated debt | 0 | 0 | 0 | 0 | -315,000 | ||||||||||||||||||||||||||
decrease in cash and cash equivalents | -21,932,000 | ||||||||||||||||||||||||||||||
accretion on junior subordinated debentures | 20,000 | 21,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 21,000 | 20,000 | 20,000 | 20,000 | 20,000 | 21,000 | 20,000 | 20,000 | 190,000 | 20,000 | 20,000 | 21,000 | 20,000 | 20,000 | 20,000 | 20,000 | 21,000 | 20,000 | 20,000 | 20,000 | ||||
gain on equity securities | |||||||||||||||||||||||||||||||
proceeds from sale of loans | -500,000 | 2,088,000 | 0 | 409,000 | 679,000 | 8,497,000 | 682,000 | 26,672,000 | 4,225,000 | 10,936,000 | 9,821,000 | 20,251,000 | 8,974,000 | 6,800,000 | 8,960,000 | 3,286,000 | 3,298,000 | 8,409,000 | 14,093,000 | 10,710,000 | 10,761,000 | 2,846,000 | 5,550,000 | 2,111,000 | |||||||
decrease in noninterest and interest bearing deposits in banks | 31,040,000 | 26,362,000 | -74,169,000 | -299,000 | 18,215,000 | -26,816,000 | 40,157,000 | ||||||||||||||||||||||||
bargain purchase gain | 0 | 0 | 0 | -1,665,000 | |||||||||||||||||||||||||||
purchase of equity securities | |||||||||||||||||||||||||||||||
proceeds from sales of investment securities afs | |||||||||||||||||||||||||||||||
net cash received for acquisitions | 0 | 0 | 0 | 18,423,000 | |||||||||||||||||||||||||||
acquisition: | |||||||||||||||||||||||||||||||
assets acquired, net of cash received | 0 | 0 | 0 | 440,785,000 | 0 | 0 | |||||||||||||||||||||||||
liabilities assumed | 0 | 0 | 0 | 380,055,000 | 0 | 0 | |||||||||||||||||||||||||
common stock issued | 0 | 0 | 0 | 64,140,000 | |||||||||||||||||||||||||||
provision for (reversal of) credit losses | 1,245,000 | ||||||||||||||||||||||||||||||
accretion on acquired loans | 91,000 | -148,000 | -38,000 | 65,000 | -88,000 | 40,000 | -893,000 | 42,000 | -64,000 | -122,000 | -231,000 | -195,000 | -62,000 | -363,000 | -642,000 | -761,000 | -805,000 | -2,210,000 | -1,324,000 | -1,630,000 | -1,327,000 | -779,000 | -577,000 | -567,000 | -824,000 | ||||||
recognition of rou assets | 0 | 575,000 | -351,000 | 1,831,000 | -187,000 | 0 | 0 | 832,000 | 0 | 0 | |||||||||||||||||||||
recognition of lease liability | 0 | 570,000 | -344,000 | 1,832,000 | -181,000 | 0 | 0 | 833,000 | 0 | 0 | |||||||||||||||||||||
non-cash operating activities: | |||||||||||||||||||||||||||||||
increase in allowance for credit losses upon adoption of asu 2016-03 | 1,545,000 | ||||||||||||||||||||||||||||||
gain on sale of securities | -63,000 | ||||||||||||||||||||||||||||||
loss on sale of premises | |||||||||||||||||||||||||||||||
proceeds from sale of premises | 0 | 0 | 0 | 46,000 | 229,000 | 0 | 0 | ||||||||||||||||||||||||
proceeds from sale of oreo | 22,000 | -1,000 | 144,000 | 0 | 279,000 | 218,000 | 0 | 103,000 | -8,000 | ||||||||||||||||||||||
repayment of federal home loan bank borrowings | 0 | 0 | |||||||||||||||||||||||||||||
change in unrealized loss on available-for-sale securities, net of tax | 2,668,000 | -840,000 | -3,707,000 | -1,152,000 | -6,952,000 | ||||||||||||||||||||||||||
decrease in deferred tax assets | |||||||||||||||||||||||||||||||
purchase of federal home loan bank stock | 0 | 0 | 0 | 0 | 0 | 241,000 | 0 | 0 | |||||||||||||||||||||||
purchase of federal reserve bank stock | -5,000 | -7,000 | -7,000 | -10,000 | -11,000 | -12,000 | -12,000 | -11,000 | -103,000 | 0 | -760,000 | -1,770,000 | 0 | -3,000 | -85,000 | 0 | |||||||||||||||
increase in loans | 43,346,000 | 31,073,000 | -20,560,000 | -27,318,000 | 79,031,000 | ||||||||||||||||||||||||||
increase in deferred tax assets | -2,907,000 | 1,622,000 | 0 | 2,818,000 | 788,000 | -13,000 | -629,000 | -29,000 | |||||||||||||||||||||||
purchase of investment securities | -960,000 | -1,500,000 | -3,199,000 | -1,003,000 | -2,005,000 | -22,671,000 | -41,275,000 | -9,826,000 | -35,485,000 | -4,438,000 | -11,275,000 | 0 | -4,400,000 | -5,520,000 | -3,598,000 | -7,122,000 | -4,637,000 | -1,501,000 | -2,098,000 | -17,483,000 | |||||||||||
proceeds from maturities, repayments and calls of investment securities | |||||||||||||||||||||||||||||||
proceeds from sales of investment securities | |||||||||||||||||||||||||||||||
increase in interest receivable and other assets | 1,317,000 | -2,252,000 | 763,000 | -421,000 | -432,000 | -2,330,000 | 1,118,000 | 1,427,000 | -2,768,000 | 699,000 | 1,226,000 | -2,143,000 | -937,000 | ||||||||||||||||||
decrease in interest payable and other liabilities | -5,690,000 | ||||||||||||||||||||||||||||||
proceeds from the maturities, repayments and calls of investment securities | 1,170,000 | 1,835,000 | 3,730,000 | 3,012,000 | 2,475,000 | 6,989,000 | 2,609,000 | 10,937,000 | 7,420,000 | ||||||||||||||||||||||
proceeds from the sales of investment securities | 0 | 0 | 0 | 63,000 | 1,720,000 | ||||||||||||||||||||||||||
(redemption) purchase of federal reserve bank stock | -7,000 | ||||||||||||||||||||||||||||||
increase in noninterest and interest bearing deposits | -54,301,000 | -11,749,000 | 61,048,000 | 96,513,000 | -63,814,000 | 41,574,000 | |||||||||||||||||||||||||
cash consideration | 0 | 0 | |||||||||||||||||||||||||||||
provision for loan losses | 7,000 | 1,916,000 | 2,293,000 | 4,398,000 | 1,713,000 | 1,023,000 | 479,000 | 445,000 | 277,000 | ||||||||||||||||||||||
gain on sale of oreo | 0 | 21,000 | 0 | -36,000 | -58,000 | 0 | 0 | 0 | |||||||||||||||||||||||
increase in interest payable and other liabilities | 872,000 | -6,086,000 | 3,214,000 | 843,000 | 1,786,000 | -302,000 | -2,117,000 | -2,982,000 | 5,107,000 | -175,000 | |||||||||||||||||||||
proceeds from issuance of subordinated debt | 32,000 | ||||||||||||||||||||||||||||||
advances from federal home loan bank | |||||||||||||||||||||||||||||||
increase in other borrowings | -110,000,000 | 0 | 16,000,000 | 100,000,000 | |||||||||||||||||||||||||||
repayment of other borrowings | 100,000,000 | -6,000,000 | |||||||||||||||||||||||||||||
change in unrealized gain on available-for-sale securities, net of tax | -480,000 | -5,127,000 | -326,000 | -591,000 | 1,171,000 | -785,000 | -183,000 | -9,000 | |||||||||||||||||||||||
transfer of loans to other real estate owned | 293,000 | 0 | |||||||||||||||||||||||||||||
provision for (reversal of) loan losses | 1,194,000 | ||||||||||||||||||||||||||||||
proceeds from maturities of time deposits in banks | |||||||||||||||||||||||||||||||
decrease in time deposits | -141,877,000 | 239,710,000 | -325,101,000 | -319,593,000 | -10,781,000 | -6,939,000 | -6,435,000 | -19,847,000 | -29,954,000 | -35,938,000 | |||||||||||||||||||||
cash dividends declared on common stock | 0 | -677,000 | -685,000 | ||||||||||||||||||||||||||||
gain on sale of premises | 0 | 0 | 0 | -12,000 | 0 | 0 | -109,000 | -78,000 | |||||||||||||||||||||||
redemption (purchase) of federal reserve bank stock | 45,000 | ||||||||||||||||||||||||||||||
net cash paid out for acquisitions | |||||||||||||||||||||||||||||||
goodwill | 0 | 0 | |||||||||||||||||||||||||||||
(reversal of) provision for loan losses | 477,000 | ||||||||||||||||||||||||||||||
redemption of federal home loan bank stock | 165,000 | ||||||||||||||||||||||||||||||
loss on impairment of building held for sale | 0 | 0 | |||||||||||||||||||||||||||||
proceeds from death benefits on boli investments | |||||||||||||||||||||||||||||||
net cash (paid out) received from acquisitions | |||||||||||||||||||||||||||||||
proceeds from initial public offering | 0 | 0 | |||||||||||||||||||||||||||||
increase in deferred tax asset | -402,000 | -1,226,000 | -260,000 | 2,523,000 | -128,000 | ||||||||||||||||||||||||||
increase in cash surrender value of life insurance policies securities | -169,000 | -170,000 | -162,000 | ||||||||||||||||||||||||||||
amortization/accretion of premium/discount on investment securities | 167,000 | 189,000 | 187,000 | 167,000 | 114,000 | 91,000 | 135,000 | ||||||||||||||||||||||||
proceeds from the maturity and repayment of investment securities | 7,552,000 | 7,868,000 | 6,808,000 | 8,725,000 | 7,754,000 | 4,694,000 | |||||||||||||||||||||||||
net cash paid out for acquisition | 0 | 0 | -8,432,000 | ||||||||||||||||||||||||||||
income tax, net of refunds | 1,635,000 | ||||||||||||||||||||||||||||||
decrease in noninterest and interest bearing deposits | -4,665,000 | ||||||||||||||||||||||||||||||
decrease in interest receivable and other assets | -5,152,000 | 524,000 | |||||||||||||||||||||||||||||
increase in salary continuation liability | 62,000 | 81,000 | 51,000 | ||||||||||||||||||||||||||||
maturity of interest bearing deposits in banks | 744,000 | 749,000 | 249,000 | 499,000 | |||||||||||||||||||||||||||
proceeds from the sale, maturity and repayment of investment securities | |||||||||||||||||||||||||||||||
net decrease in loans | -77,816,000 | -12,469,000 | 28,791,000 | 13,040,000 | |||||||||||||||||||||||||||
purchase of bank owned life insurance | |||||||||||||||||||||||||||||||
proceeds from death benefit on boli investment | |||||||||||||||||||||||||||||||
net cash received from (paid out) for acquisition | |||||||||||||||||||||||||||||||
net increase in noninterest and interest bearing deposits | 23,845,000 | 4,315,000 | -11,853,000 | -2,872,000 | |||||||||||||||||||||||||||
net increase in time deposits | -25,686,000 | ||||||||||||||||||||||||||||||
increase in long-term borrowings | |||||||||||||||||||||||||||||||
decrease in short-term borrowings | |||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from | |||||||||||||||||||||||||||||||
operating activities: | |||||||||||||||||||||||||||||||
write-down on premises | |||||||||||||||||||||||||||||||
funds due small business administration (“sba”) participant | |||||||||||||||||||||||||||||||
net cash paid in acquisition | 0 | ||||||||||||||||||||||||||||||
net decrease in time deposits | -11,503,000 | 882,000 | -4,329,000 | ||||||||||||||||||||||||||||
decrease in other borrowings | |||||||||||||||||||||||||||||||
decrease in deferred tax asset | -236,000 | 1,323,000 | |||||||||||||||||||||||||||||
decrease in accrued interest receivable and other assets | -6,035,000 | 292,000 | |||||||||||||||||||||||||||||
decrease in accrued expenses and other liabilities | 5,852,000 | ||||||||||||||||||||||||||||||
redemption (purchase) of federal home loan bank stock | 66,000 | ||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by | |||||||||||||||||||||||||||||||
benefit from loan losses | |||||||||||||||||||||||||||||||
net (gain) loss on sale of oreo | |||||||||||||||||||||||||||||||
increase in accrued interest receivable and other assets | |||||||||||||||||||||||||||||||
increase in accrued expenses and other liabilities | 2,160,000 | 646,000 | |||||||||||||||||||||||||||||
(purchase) redemption of federal home loan bank stock | |||||||||||||||||||||||||||||||
(purchase) redemption of federal reserve bank stock | |||||||||||||||||||||||||||||||
net decrease (increase) in loans | |||||||||||||||||||||||||||||||
net cash (paid out) received from acquisition | |||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||
exercise of stock options | |||||||||||||||||||||||||||||||
cash flow from operating activities: | |||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from by operating activities: | |||||||||||||||||||||||||||||||
accretion on trust preferred | 11,000 | ||||||||||||||||||||||||||||||
life insurance death benefit gain | |||||||||||||||||||||||||||||||
amortization/accretion of premium discount on investment securities | 104,000 | ||||||||||||||||||||||||||||||
stock-based compensation expense | 364,000 | ||||||||||||||||||||||||||||||
proceeds from interest bearing deposits in financial institutions | 245,000 | ||||||||||||||||||||||||||||||
proceeds from the sale, maturity and repayment of securities | |||||||||||||||||||||||||||||||
proceed from death benefit on boli investment | 0 | ||||||||||||||||||||||||||||||
funds due sba participants | |||||||||||||||||||||||||||||||
purchase of bank premises, equipment, leasehold improvements | -206,000 | ||||||||||||||||||||||||||||||
net cash received from acquisition | |||||||||||||||||||||||||||||||
net increase in demand, interest bearing and savings deposits | 9,804,000 | ||||||||||||||||||||||||||||||
increase in short-term borrowings | |||||||||||||||||||||||||||||||
net earnings | |||||||||||||||||||||||||||||||
adjustments to reconcile net earnings to net cash from by operating activities: | |||||||||||||||||||||||||||||||
proceeds from the maturity and repayment of securities | |||||||||||||||||||||||||||||||
net increase in loans | |||||||||||||||||||||||||||||||
net investment in other real estate owned |
