Mercantile Bank Corporation(NASDAQ:MBWM)

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services for small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term...
Website: http://www.mercbank.com
Founded: 1997
Full Time Employees: 618
Sector: Financial Services
Industry: Banks-Regional
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At a glance:
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Quarterly
Annual
| Unit: USD | 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 | 2018-12-31 | 2014-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 |
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interest income | ||||||||||||||||||||||||||||||||||||||||||||||||
loans, including fees | 70,361,000 | 75,040,000 | 73,962,000 | 71,992,000 | 73,758,000 | 75,316,000 | 72,819,000 | 71,270,000 | 68,876,000 | 65,073,000 | 62,006,000 | 57,154,000 | 53,787,000 | 43,807,000 | 36,003,000 | 33,251,000 | 34,618,000 | 33,656,000 | 33,789,000 | 32,985,000 | 35,971,000 | 33,664,000 | 34,322,000 | 41,880,000 | 13,411,000 | 12,687,000 | 12,846,000 | 13,245,000 | 13,386,000 | 13,454,000 | 13,813,000 | 14,502,000 | 14,951,000 | 16,171,000 | 16,732,000 | |||||||||||||
securities, taxable | 3,583,000 | 5,041,000 | 4,679,000 | 4,239,000 | 3,670,000 | 3,140,000 | 2,656,000 | 2,444,000 | 3,070,000 | 2,109,000 | 2,207,000 | 2,131,000 | 2,035,000 | 2,005,000 | 1,898,000 | 1,665,000 | 1,547,000 | 1,341,000 | 1,204,000 | 1,035,000 | 900,000 | 1,212,000 | 2,187,000 | 3,400,000 | 1,003,000 | 1,007,000 | 1,007,000 | 1,032,000 | 1,009,000 | 1,063,000 | 1,280,000 | 1,400,000 | 1,588,000 | 1,781,000 | 1,916,000 | 1,923,000 | 1,901,000 | 2,039,000 | 1,983,000 | |||||||||
securities, tax-exempt | 1,344,000 | 1,259,000 | 1,181,000 | 1,172,000 | 1,122,000 | 1,056,000 | 968,000 | 977,000 | 242,000 | 1,164,000 | 904,000 | 876,000 | 806,000 | 697,000 | 631,000 | 600,000 | 591,000 | 600,000 | 598,000 | 597,000 | 584,000 | 576,000 | 562,000 | 880,000 | 211,000 | 257,000 | 295,000 | 306,000 | 319,000 | 367,000 | 422,000 | 437,000 | 439,000 | 454,000 | 475,000 | 489,000 | 497,000 | 544,000 | 760,000 | |||||||||
interest-earning deposits | 6,966,000 | 4,303,000 | 2,935,000 | 3,936,000 | 3,900,000 | 2,436,000 | 2,033,000 | 983,000 | 2,807,000 | 801,000 | 324,000 | |||||||||||||||||||||||||||||||||||||
total interest income | 82,254,000 | 85,643,000 | 81,958,000 | 80,338,000 | 82,486,000 | 83,412,000 | 78,879,000 | 76,724,000 | 73,802,000 | 71,153,000 | 65,918,000 | 60,485,000 | 58,278,000 | 48,129,000 | 39,550,000 | 35,882,000 | 37,047,000 | 35,888,000 | 35,774,000 | 34,785,000 | 37,620,000 | 35,594,000 | 37,164,000 | 46,250,000 | 14,667,000 | 13,992,000 | 14,209,000 | 14,666,000 | 14,768,000 | 14,930,000 | 15,553,000 | 16,406,000 | 17,044,000 | 18,460,000 | 19,159,000 | 20,524,000 | 21,734,000 | 22,696,000 | 23,189,000 | 35,292,000 | 36,779,000 | 36,084,000 | 36,025,000 | |||||
interest expense | ||||||||||||||||||||||||||||||||||||||||||||||||
deposits | 24,775,000 | 26,817,000 | 25,725,000 | 25,192,000 | 26,873,000 | 27,588,000 | 24,710,000 | 22,224,000 | 19,015,000 | 16,143,000 | 12,379,000 | 7,907,000 | 4,040,000 | 2,299,000 | 1,873,000 | 1,825,000 | 1,867,000 | 2,184,000 | 2,346,000 | 2,717,000 | 3,176,000 | 3,466,000 | 3,700,000 | 1,645,000 | 2,190,000 | 2,223,000 | 2,320,000 | 2,556,000 | 2,728,000 | 2,844,000 | 3,008,000 | 3,377,000 | 4,040,000 | 4,333,000 | 4,634,000 | 5,404,000 | 5,636,000 | 5,992,000 | 6,497,000 | 18,860,000 | 19,357,000 | 19,179,000 | 18,825,000 | |||||
short-term borrowings | 1,808,000 | 1,974,000 | 1,919,000 | 1,763,000 | 2,086,000 | 2,219,000 | 1,757,000 | 1,654,000 | 781,000 | 693,000 | 914,000 | 459,000 | 141,000 | 53,000 | 49,000 | 50,000 | 48,000 | 46,000 | 40,000 | 36,000 | 41,000 | 38,000 | 55,000 | 65,000 | 19,000 | 19,000 | 20,000 | 27,000 | 39,000 | 42,000 | 49,000 | 55,000 | 73,000 | 116,000 | 161,000 | 319,000 | 394,000 | 353,000 | 344,000 | 895,000 | 900,000 | 866,000 | 832,000 | |||||
federal home loan bank advances | 2,715,000 | 2,895,000 | 2,897,000 | 2,898,000 | 3,150,000 | 3,218,000 | 3,252,000 | 3,399,000 | 3,252,000 | 3,270,000 | 3,051,000 | 1,794,000 | 1,595,000 | 1,755,000 | 1,911,000 | 1,864,000 | 2,028,000 | 2,072,000 | 2,050,000 | 2,027,000 | 2,072,000 | 2,072,000 | 2,214,000 | 257,000 | 141,000 | 119,000 | 118,000 | 122,000 | 183,000 | 300,000 | 389,000 | 411,000 | 410,000 | 606,000 | 606,000 | 796,000 | 1,441,000 | 1,576,000 | 1,696,000 | 1,757,000 | 1,759,000 | 1,390,000 | 1,194,000 | |||||
subordinated debt and other borrowings | 1,457,750 | 1,955,000 | 1,938,000 | 1,937,000 | 1,567,500 | 2,095,000 | 2,088,000 | 2,086,000 | 1,512,250 | 2,086,000 | 2,023,000 | 1,073,500 | 1,646,000 | 1,391,000 | ||||||||||||||||||||||||||||||||||
total interest expense | 31,239,000 | 33,641,000 | 32,479,000 | 31,790,000 | 34,125,000 | 35,120,000 | 31,807,000 | 29,363,000 | 25,154,000 | 22,192,000 | 18,367,000 | 12,101,000 | 7,621,000 | 5,753,000 | 5,224,000 | 4,997,000 | 4,513,000 | 4,764,000 | 4,903,000 | 5,252,000 | 5,771,000 | 6,085,000 | 6,593,000 | 3,233,000 | 2,673,000 | 2,680,000 | 2,755,000 | 2,929,000 | 3,184,000 | 3,419,000 | 3,684,000 | 4,071,000 | 4,749,000 | 5,302,000 | 5,710,000 | 6,836,000 | 7,799,000 | 8,275,000 | 8,883,000 | 22,218,000 | 22,729,000 | 22,136,000 | 21,541,000 | |||||
net interest income | 51,015,000 | 52,002,000 | 49,479,000 | 48,548,000 | 48,361,000 | 48,292,000 | 47,072,000 | 47,361,000 | 48,648,000 | 48,961,000 | 47,551,000 | 48,384,000 | 50,657,000 | 42,376,000 | 34,326,000 | 30,885,000 | 32,534,000 | 31,124,000 | 30,871,000 | 29,533,000 | 31,849,000 | 29,509,000 | 30,571,000 | 43,017,000 | 11,994,000 | 11,312,000 | 11,454,000 | 11,737,000 | 11,584,000 | 11,511,000 | 11,869,000 | 12,335,000 | 12,295,000 | 13,158,000 | 13,449,000 | 13,688,000 | 13,935,000 | 14,421,000 | 14,306,000 | 13,074,000 | 14,050,000 | 13,948,000 | 14,484,000 | |||||
provision for credit losses | -700,000 | 200,000 | 1,600,000 | 2,100,000 | 1,500,000 | 1,100,000 | 3,500,000 | 1,300,000 | 1,800,000 | 3,300,000 | 2,000,000 | 600,000 | 3,050,000 | 2,900,000 | 500,000 | 100,000 | ||||||||||||||||||||||||||||||||
net interest income after provision for credit losses | 51,715,000 | 51,802,000 | 47,879,000 | 46,448,000 | 46,861,000 | 47,192,000 | 43,572,000 | 46,061,000 | 46,848,000 | 45,661,000 | 45,551,000 | 47,784,000 | 47,607,000 | 39,476,000 | 33,826,000 | 30,785,000 | ||||||||||||||||||||||||||||||||
noninterest income | ||||||||||||||||||||||||||||||||||||||||||||||||
service charges on deposit and sweep accounts | 2,263,000 | 2,064,000 | 1,967,000 | 1,839,000 | 1,866,000 | 1,753,000 | 1,692,000 | 1,531,000 | 1,543,000 | 1,370,000 | 1,064,000 | 976,000 | 1,463,000 | 1,579,000 | 1,495,000 | 1,416,000 | 1,391,000 | 1,324,000 | 1,209,000 | 1,155,000 | ||||||||||||||||||||||||||||
mortgage banking income | 2,421,500 | 3,066,000 | 3,969,000 | 2,651,000 | 2,172,500 | 3,325,000 | 3,023,000 | 2,343,000 | 1,457,250 | 2,779,000 | 1,835,000 | 1,216,000 | 1,747,750 | 1,764,000 | 1,947,000 | 3,281,000 | 5,762,250 | 6,554,000 | 7,695,000 | 8,800,000 | 4,936,500 | 9,479,000 | 7,640,000 | |||||||||||||||||||||||||
credit and debit card income | 1,730,500 | 2,371,000 | 2,350,000 | 2,201,000 | 1,661,000 | 2,257,000 | 2,266,000 | 2,121,000 | 1,679,250 | 2,232,000 | 2,426,000 | 2,060,000 | 1,525,250 | 2,086,000 | 2,134,000 | 1,881,000 | 1,386,250 | 1,947,000 | 1,920,000 | 1,678,000 | 1,092,750 | 1,636,000 | 1,374,000 | |||||||||||||||||||||||||
interest rate swap fees | 421,750 | 377,000 | 1,230,000 | 80,000 | 623,500 | 389,000 | 766,000 | 1,339,000 | 680,500 | 937,000 | 748,000 | 1,037,000 | 586,750 | 566,000 | 430,000 | 1,351,000 | 1,521,500 | 3,938,000 | 1,495,000 | 653,000 | ||||||||||||||||||||||||||||
payroll services income | 662,000 | 825,000 | 783,000 | 1,040,000 | 573,750 | 713,000 | 686,000 | 896,000 | 477,000 | 591,000 | 572,000 | 408,750 | 533,000 | 464,000 | 343,500 | 412,000 | 405,000 | 336,500 | 399,000 | 370,000 | ||||||||||||||||||||||||||||
earnings on bank owned life insurance | 1,332,000 | 858,000 | 561,000 | 543,000 | 497,000 | 449,000 | 437,000 | 1,172,000 | 276,000 | 422,000 | 402,000 | 401,000 | 368,000 | 238,000 | 785,000 | 287,000 | 292,000 | 298,000 | 297,000 | 277,000 | 281,000 | 290,000 | 307,000 | 159,000 | 337,000 | 350,000 | 338,000 | 358,000 | 378,000 | 385,000 | 407,000 | 437,000 | 452,000 | 449,000 | 439,000 | 408,000 | 445,000 | 454,000 | 411,000 | |||||||||
other income | 746,000 | 827,000 | 602,000 | 348,000 | 542,000 | 781,000 | 811,000 | 1,466,000 | 1,085,000 | 524,000 | 598,000 | 515,000 | 502,000 | 487,000 | 486,000 | 423,000 | 852,000 | 1,095,000 | 477,000 | 343,000 | 74,000 | 368,000 | 248,000 | -1,110,000 | 656,000 | 657,000 | 664,000 | -1,207,000 | 584,000 | 577,000 | 630,000 | -1,085,000 | 544,000 | 521,000 | 573,000 | -574,000 | 585,000 | 570,000 | 581,000 | -1,889,000 | 1,105,000 | 1,028,000 | 1,019,000 | |||||
total noninterest income | 11,056,000 | 10,388,000 | 11,462,000 | 8,702,000 | 10,172,000 | 9,667,000 | 9,681,000 | 10,868,000 | 8,301,000 | 9,246,000 | 7,645,000 | 6,951,000 | 7,805,000 | 7,253,000 | 7,741,000 | 9,277,000 | 12,633,000 | 15,568,000 | 14,556,000 | 13,463,000 | 14,333,000 | 13,307,000 | 10,984,000 | 4,747,000 | 1,683,000 | 1,772,000 | 1,827,000 | 2,063,000 | 2,057,000 | 1,940,000 | 1,934,000 | 2,023,000 | 1,804,000 | 1,703,000 | 1,752,000 | 2,304,000 | 2,289,000 | 1,996,000 | 2,655,000 | 1,534,000 | 1,507,000 | 1,421,000 | 1,408,000 | |||||
noninterest expense | ||||||||||||||||||||||||||||||||||||||||||||||||
salaries and benefits | 21,836,000 | 21,094,000 | 20,711,000 | 19,557,000 | 21,482,000 | 20,292,000 | 17,913,000 | 18,237,000 | 18,400,000 | 17,258,000 | 16,461,000 | 16,682,000 | 17,282,000 | 16,656,000 | 15,676,000 | 15,510,000 | 19,192,000 | 15,975,000 | 16,194,000 | 15,086,000 | 15,411,000 | 16,734,000 | 14,126,000 | 18,609,000 | 5,256,000 | 4,981,000 | 4,857,000 | 4,973,000 | 4,849,000 | 4,855,000 | 4,691,000 | 4,520,000 | 4,636,000 | 4,364,000 | 4,371,000 | 4,423,000 | 4,649,000 | 4,559,000 | 4,665,000 | 5,546,000 | 5,425,000 | 6,521,000 | 5,384,000 | |||||
occupancy | 2,116,000 | 2,122,000 | 2,155,000 | 2,118,000 | 1,988,000 | 2,146,000 | 2,220,000 | 2,289,000 | 2,521,000 | 2,241,000 | 2,098,000 | 2,289,000 | 2,194,000 | 2,001,000 | 2,084,000 | 2,104,000 | 2,067,000 | 2,030,000 | 1,977,000 | 2,014,000 | 2,006,000 | 2,023,000 | 1,862,000 | 2,716,000 | 639,000 | 624,000 | 658,000 | 554,000 | 598,000 | 671,000 | 678,000 | 664,000 | 707,000 | 708,000 | 701,000 | 669,000 | 696,000 | 723,000 | 750,000 | 838,000 | 881,000 | 814,000 | 767,000 | |||||
furniture and equipment depreciation, rent and maintenance | 614,500 | 846,000 | 826,000 | 787,000 | 697,500 | 938,000 | 923,000 | 929,000 | 648,500 | 894,000 | 878,000 | 822,000 | 705,500 | 953,000 | 935,000 | 934,000 | 679,750 | 929,000 | 902,000 | 889,000 | 625,000 | 871,000 | 851,000 | 188,500 | 242,000 | 256,000 | 256,000 | 222,000 | 282,000 | 299,000 | 308,000 | 228,000 | 305,000 | 304,000 | 303,000 | 290,750 | 358,000 | 396,000 | 409,000 | |||||||||
data processing costs | 2,828,750 | 3,945,000 | 3,599,000 | 3,770,000 | 2,535,500 | 3,437,000 | 3,415,000 | 3,289,000 | 2,270,250 | 3,038,000 | 2,881,000 | 3,162,000 | 2,300,750 | 3,139,000 | 3,091,000 | 2,973,000 | 2,034,500 | 2,746,000 | 2,775,000 | 2,617,000 | 1,948,250 | 2,676,000 | 2,633,000 | |||||||||||||||||||||||||
charitable foundation contributions | 760,000 | 300,000 | 2,000 | 3,000 | 1,001,000 | 4,000 | 703,000 | |||||||||||||||||||||||||||||||||||||||||
acquisition costs | 1,187,000 | 606,000 | ||||||||||||||||||||||||||||||||||||||||||||||
other expense | 1,591,000 | 5,837,000 | 6,086,000 | 4,869,000 | 678,000 | 5,490,000 | 5,262,000 | 4,497,000 | 1,539,000 | 5,085,000 | 5,509,000 | 5,644,000 | 1,428,000 | 4,003,000 | 4,656,000 | 4,221,000 | 1,172,000 | 4,530,000 | 4,344,000 | 4,511,000 | ||||||||||||||||||||||||||||
total noninterest expense | 36,726,000 | 34,750,000 | 33,379,000 | 31,104,000 | 33,806,000 | 32,303,000 | 29,737,000 | 29,944,000 | 29,940,000 | 28,920,000 | 19,379,750 | 26,210,000 | 18,144,750 | 26,423,000 | ||||||||||||||||||||||||||||||||||
income before federal income tax expense | 26,045,000 | 27,440,000 | 25,962,000 | 24,046,000 | 23,227,000 | 24,556,000 | 23,516,000 | 26,985,000 | 25,209,000 | 25,987,000 | 25,367,000 | 26,136,000 | 26,871,000 | 19,973,000 | 14,625,000 | 14,320,000 | 15,220,000 | 18,582,000 | 22,335,000 | 17,579,000 | 17,741,000 | 13,193,000 | 10,739,000 | 7,772,000 | 5,455,000 | 5,771,000 | 6,197,000 | 3,463,000 | 3,856,000 | 5,847,000 | 4,149,000 | -300,000 | 3,188,000 | 2,980,000 | 6,133,000 | |||||||||||||
federal income tax expense | 3,205,000 | 3,682,000 | 3,344,000 | 4,509,000 | 3,601,000 | 4,938,000 | 4,730,000 | 5,423,000 | 5,179,000 | 5,132,000 | 5,010,000 | 5,162,000 | 5,068,000 | 3,943,000 | 2,888,000 | 2,828,000 | 3,581,000 | 3,531,000 | 4,244,000 | 3,340,000 | 3,659,000 | 2,507,000 | 2,041,000 | 2,311,000 | 2,002,000 | 1,755,000 | 1,797,000 | 1,091,250 | 1,240,000 | 1,856,000 | 1,269,000 | -395,000 | 821,000 | 759,000 | 1,850,000 | |||||||||||||
net income | 22,840,000 | 23,758,000 | 22,618,000 | 19,537,000 | 19,626,000 | 19,618,000 | 18,786,000 | 21,562,000 | 20,030,000 | 20,855,000 | 20,357,000 | 20,974,000 | 21,803,000 | 16,030,000 | 11,737,000 | 11,492,000 | 11,639,000 | 15,051,000 | 18,091,000 | 14,239,000 | 14,082,000 | 10,686,000 | 8,698,000 | 5,461,000 | 3,453,000 | 4,016,000 | 4,400,000 | 3,048,000 | 2,616,000 | 3,991,000 | 2,880,000 | 30,323,000 | 3,024,000 | 2,718,000 | 1,420,000 | -4,953,000 | -5,357,000 | -363,000 | -2,643,000 | 95,000 | 2,367,000 | 2,221,000 | 4,283,000 | |||||
yoy | 16.38% | 21.10% | 20.40% | -9.39% | -2.02% | -5.93% | -7.72% | 2.80% | -8.13% | 30.10% | 73.44% | 82.51% | 87.33% | 6.50% | -35.12% | -19.29% | -17.35% | 40.85% | 107.99% | 59.27% | 79.17% | 32.00% | 0.63% | 52.78% | -89.95% | -13.49% | 46.84% | 102.82% | -712.21% | -156.45% | -848.76% | -153.73% | -482.11% | -211.66% | ||||||||||||||
qoq | -3.86% | 5.04% | 15.77% | -0.45% | 0.04% | 4.43% | -12.87% | 7.65% | -3.96% | 2.45% | -2.94% | -3.80% | 36.01% | 36.58% | 2.13% | -1.26% | -22.67% | -16.80% | 27.05% | 1.11% | 31.78% | 22.86% | 58.15% | -14.02% | -8.73% | 44.36% | 16.51% | -34.45% | 38.58% | -90.50% | 902.74% | 11.26% | 91.41% | -128.67% | -7.54% | 1375.76% | -86.27% | -95.99% | 6.57% | -48.14% | ||||||||
basic earnings per share | 1.015 | 1.46 | 1.39 | 1.21 | 0.93 | 1.22 | 1.17 | 1.34 | 0.973 | 1.3 | 1.27 | 1.31 | 0.62 | 1.01 | 0.74 | 0.73 | 0.738 | 0.95 | 1.12 | 0.87 | 0.463 | 0.66 | 0.54 | 0.34 | 0.4 | 0.46 | 0.51 | 0.245 | 0.3 | 0.38 | 0.3 | 0.18 | 0.31 | 0.28 | -0.08 | 0.263 | 0.28 | 0.26 | 0.51 | |||||||||
diluted earnings per share | 1.015 | 1.46 | 1.39 | 1.21 | 0.93 | 1.22 | 1.17 | 1.34 | 0.973 | 1.3 | 1.27 | 1.31 | 0.62 | 1.01 | 0.74 | 0.73 | 0.738 | 0.95 | 1.12 | 0.87 | 0.463 | 0.66 | 0.54 | 0.34 | 0.4 | 0.46 | 0.5 | 0.238 | 0.3 | 0.36 | 0.28 | 0.173 | 0.3 | 0.27 | -0.08 | 0.263 | 0.28 | 0.26 | 0.5 | |||||||||
average basic shares outstanding | 4,057,310.75 | 16,249,267 | 16,239,919 | 16,197,978 | 4,031,676.5 | 16,138,320 | 16,122,813 | 16,118,858 | 4,001,514.5 | 16,018,419 | 16,003,372 | 15,996,138 | 3,962,605.5 | 15,861,551 | 15,848,681 | 15,840,801 | 4,021,201.5 | 15,859,955 | 16,116,070 | 16,283,044 | 4,066,302 | 16,233,196 | 16,212,500 | 2,176,533.25 | 8,707,038 | 8,705,667 | 8,705,677 | 2,153,207.75 | 8,622,719 | 8,610,181 | 8,605,484 | 2,150,663.5 | 8,604,263 | 8,604,476 | 8,505,086 | 2,112,631 | 8,458,601 | 8,455,891 | 8,436,842 | |||||||||
average diluted shares outstanding | 4,057,310.75 | 16,249,267 | 16,239,919 | 16,197,978 | 4,031,676.5 | 16,138,320 | 16,122,813 | 16,118,858 | 4,001,514.5 | 16,018,419 | 16,003,372 | 15,996,138 | 3,962,609.75 | 15,861,551 | 15,848,681 | 15,841,037 | 4,021,318.5 | 15,860,314 | 16,116,666 | 16,283,490 | 4,066,496.5 | 16,233,666 | 16,213,264 | 2,179,989 | 8,725,268 | 8,718,649 | 8,718,601 | 2,224,182 | 8,653,751 | 9,043,791 | 8,991,422 | 2,218,756.25 | 8,868,122 | 8,872,692 | 8,505,086 | 2,122,056.5 | 8,491,612 | 8,503,138 | 8,518,666 | |||||||||
interest-earning assets | 2,136,000 | |||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of other real estate owned | 97,750 | 391,000 | ||||||||||||||||||||||||||||||||||||||||||||||
charitable foundation contribution | 104,000 | 404,000 | 2,000 | 127,250 | 4,000 | 500,000 | ||||||||||||||||||||||||||||||||||||||||||
total noninterest expenses | 27,829,000 | 28,599,000 | 28,541,000 | 26,756,000 | 26,942,000 | 25,742,000 | 26,192,000 | 25,117,000 | 23,216,000 | 38,292,000 | 9,922,000 | 8,813,000 | 8,584,000 | 9,181,000 | 10,185,000 | 10,604,000 | 9,654,000 | 9,496,000 | 9,975,000 | 10,443,000 | 11,581,000 | 12,182,000 | 11,899,000 | 11,442,000 | 11,634,000 | 10,008,000 | 9,569,000 | 10,039,000 | 8,739,000 | |||||||||||||||||||
subordinated debentures and other borrowings | 1,941,000 | 1,258,000 | 570,000 | 462,000 | 467,000 | 472,000 | 482,000 | 509,000 | 624,000 | |||||||||||||||||||||||||||||||||||||||
payroll processing | 746,000 | 638,000 | 557,000 | |||||||||||||||||||||||||||||||||||||||||||||
other interest-earning assets | 1,650,000 | 1,620,000 | 1,018,000 | 366,000 | 291,000 | 291,000 | 183,000 | 168,000 | 165,000 | 142,000 | 93,000 | |||||||||||||||||||||||||||||||||||||
gain on sale of branch | 1,058,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash dividends per share | 0.235 | 0.32 | 0.31 | 0.31 | 0.22 | 0.3 | 0.29 | 0.29 | 0.21 | 0.28 | 0.28 | 0.083 | 0.12 | 0.11 | 0.1 | 0.103 | 0.14 | 0.14 | 0.14 | |||||||||||||||||||||||||||||
provision for loan losses | -3,400,000 | 1,900,000 | -3,100,000 | 300,000 | ||||||||||||||||||||||||||||||||||||||||||||
net interest income after provision for loan losses | 35,934,000 | 29,224,000 | 33,971,000 | 29,233,000 | ||||||||||||||||||||||||||||||||||||||||||||
benefit from loan losses | 2,500,000 | 3,200,000 | 7,600,000 | 1,700,000 | -1,700,000 | -1,500,000 | -1,500,000 | 300,000 | -400,000 | -3,000,000 | 1,900,000 | 1,100,000 | 1,700,000 | 2,200,000 | ||||||||||||||||||||||||||||||||||
net interest income after benefit from loan losses | 29,349,000 | 26,309,000 | 22,971,000 | 41,317,000 | 13,694,000 | 12,812,000 | 12,954,000 | 11,437,000 | 11,984,000 | 14,511,000 | 11,869,000 | 8,475,500 | 11,195,000 | 11,458,000 | 11,249,000 | |||||||||||||||||||||||||||||||||
services charges on deposit and sweep accounts | 850,250 | 1,135,000 | 1,045,000 | |||||||||||||||||||||||||||||||||||||||||||||
federal funds sold | -3,000 | 38,000 | 35,000 | 54,000 | 76,000 | 46,000 | 38,000 | 32,000 | 61,000 | 60,000 | 48,000 | 30,000 | 66,000 | 41,000 | 37,000 | 31,000 | 77,000 | 168,000 | 82,000 | 93,000 | ||||||||||||||||||||||||||||
interest-bearing deposit balances | 4,250 | 4,000 | 6,000 | 7,000 | 7,000 | 8,000 | 8,000 | 6,000 | 6,000 | 6,000 | 6,000 | |||||||||||||||||||||||||||||||||||||
other borrowings | 234,500 | 323,000 | 319,000 | 297,000 | 224,000 | 234,000 | 233,000 | 238,000 | 228,000 | 226,000 | 247,000 | 309,000 | 317,000 | 328,000 | 354,000 | 346,000 | ||||||||||||||||||||||||||||||||
services charges on accounts | 288,750 | 397,000 | 384,000 | 285,500 | 378,000 | 379,000 | 307,000 | 405,000 | 401,000 | 341,250 | 452,000 | 447,000 | 296,000 | 402,000 | 393,000 | |||||||||||||||||||||||||||||||||
mortgage banking activities | 1,001,000 | 194,000 | 225,000 | 252,000 | 458,000 | 447,000 | 275,000 | 299,000 | 393,000 | 195,000 | 127,000 | 132,000 | 516,000 | 346,000 | 130,000 | 100,000 | ||||||||||||||||||||||||||||||||
rental income from other real estate owned | -345,000 | 99,000 | 156,000 | 199,000 | 255,000 | 270,000 | 324,000 | 212,000 | 226,000 | 208,000 | 205,000 | 186,000 | 335,000 | 362,000 | 390,000 | 401,000 | ||||||||||||||||||||||||||||||||
problem asset costs | -198,000 | 373,000 | ||||||||||||||||||||||||||||||||||||||||||||||
fdic insurance costs | 578,000 | 184,000 | 175,000 | 245,000 | 306,000 | 294,000 | 296,000 | 304,000 | 569,000 | 639,000 | 719,000 | 916,000 | 920,000 | 1,097,000 | 1,167,000 | 1,186,000 | ||||||||||||||||||||||||||||||||
merger-related costs | 4,668,000 | 719,000 | ||||||||||||||||||||||||||||||||||||||||||||||
preferred stock dividends and accretion | 703,000 | 328,000 | 332,000 | 342,000 | 337,000 | 332,000 | 329,000 | 325,000 | 321,000 | 320,000 | ||||||||||||||||||||||||||||||||||||||
net income attributable to common shares | 5,461,000 | 3,453,000 | 4,016,000 | 4,400,000 | 3,048,000 | 2,616,000 | 3,288,000 | 2,552,000 | 1,088,000 | -5,282,000 | -5,682,000 | -2,963,000 | ||||||||||||||||||||||||||||||||||||
nonperforming asset costs | 279,000 | 131,000 | 931,000 | 1,576,000 | 2,080,000 | 1,275,000 | 1,653,000 | 1,589,000 | 1,950,000 | 3,098,000 | 2,999,000 | 2,895,000 | 2,460,000 | 2,504,000 | ||||||||||||||||||||||||||||||||||
service charges on accounts | 374,000 | 386,000 | 422,000 | 466,000 | 389,000 | |||||||||||||||||||||||||||||||||||||||||||
net gain on sales of securities | 119,000 | 476,000 | ||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of commercial loans | 81,000 | 99,000 | 5,000 | 220,000 | ||||||||||||||||||||||||||||||||||||||||||||
income before federal income tax benefit | 2,962,000 | 3,024,000 | 2,718,000 | 1,420,000 | -2,990,000 | -6,075,000 | -1,225,000 | -3,073,000 | ||||||||||||||||||||||||||||||||||||||||
federal income tax benefit | 1,963,000 | -718,000 | -862,000 | -430,000 | ||||||||||||||||||||||||||||||||||||||||||||
net income available to common shareholders | 1,537,750 | 2,682,000 | 2,381,000 | -684,000 | ||||||||||||||||||||||||||||||||||||||||||||
short-term investments | 6,000 | 10,000 | 11,000 | 10,000 | 9,000 | 7,000 | 5,000 | 4,000 | 4,000 | |||||||||||||||||||||||||||||||||||||||
loans and leases, including fees | 18,036,000 | 19,284,000 | 20,066,000 | 20,406,000 | 32,673,000 | 34,076,000 | 33,513,000 | 33,422,000 | ||||||||||||||||||||||||||||||||||||||||
benefit from loan and lease losses | 6,800,000 | 10,400,000 | 6,200,000 | 8,400,000 | 4,900,000 | 2,800,000 | 2,350,000 | 1,020,000 | ||||||||||||||||||||||||||||||||||||||||
net interest income after benefit from loan and lease losses | 4,415,250 | 3,535,000 | 8,221,000 | 5,906,000 | 8,174,000 | 11,250,000 | 11,598,000 | 13,464,000 | ||||||||||||||||||||||||||||||||||||||||
branch consolidation costs | ||||||||||||||||||||||||||||||||||||||||||||||||
investment securities | 1,880,250 | 2,530,000 | 2,485,000 | 2,506,000 | ||||||||||||||||||||||||||||||||||||||||||||
long-term borrowings | 706,000 | 713,000 | 701,000 | 690,000 | ||||||||||||||||||||||||||||||||||||||||||||
net gain on sales of commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||
furniture and equipment | 381,000 | 529,000 | 501,000 | 493,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 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 | 2018-06-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2005-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and due from banks | 54,755,000 | 58,593,000 | 98,900,000 | 70,320,000 | 56,991,000 | 87,766,000 | 61,863,000 | 52,606,000 | 70,408,000 | 64,551,000 | 69,133,000 | 47,151,000 | 61,894,000 | 63,105,000 | 89,167,000 | 71,480,000 | 59,405,000 | 83,804,000 | 75,893,000 | 55,489,000 | 62,832,000 | 59,283,000 | 84,516,000 | 49,781,000 | 53,262,000 | 84,275,000 | 57,675,000 | 46,322,000 | 56,338,000 | 52,847,000 | 40,313,000 | 55,882,000 | 60,087,000 | 33,207,000 | 16,789,000 | 14,382,000 | 20,302,000 | 15,311,000 | 18,405,000 | 13,642,000 | 12,402,000 | 18,890,000 | 13,988,000 | 11,277,000 | 6,674,000 | 15,854,000 | 16,521,000 | 12,606,000 | 18,896,000 | 14,445,000 | 15,601,000 | 17,155,000 | 16,754,000 | 25,694,000 | 37,632,000 | 31,903,000 | 33,099,000 | 28,764,000 | 48,190,000 | 52,098,000 | |
interest-earning deposits | 418,569,000 | 418,426,000 | 315,140,000 | 336,019,000 | 240,780,000 | 135,766,000 | 184,625,000 | 201,436,000 | 138,663,000 | 10,787,000 | 34,878,000 | 220,909,000 | 389,938,000 | 698,724,000 | 915,755,000 | 741,557,000 | 683,638,000 | 596,855,000 | 563,174,000 | 495,308,000 | 386,711,000 | 186,938,000 | 180,469,000 | 144,263,000 | 92,750,000 | 168,572,000 | 69,402,000 | 48,762,000 | 12,663,000 | 85,848,000 | 46,896,000 | ||||||||||||||||||||||||||||||
total cash and cash equivalents | 473,324,000 | 477,019,000 | 296,072,000 | 385,460,000 | 393,010,000 | 328,546,000 | 197,629,000 | 237,231,000 | 130,533,000 | 265,987,000 | 207,796,000 | 57,938,000 | 96,772,000 | 284,014,000 | 479,105,000 | 770,204,000 | 975,160,000 | 825,361,000 | 759,531,000 | 652,344,000 | 626,006,000 | 554,591,000 | 471,227,000 | 236,719,000 | 233,731,000 | 228,538,000 | 150,425,000 | 214,894,000 | 125,740,000 | 101,609,000 | 52,976,000 | 141,730,000 | 106,983,000 | 125,918,000 | 57,977,000 | 114,777,000 | 136,003,000 | 103,995,000 | 82,466,000 | 85,008,000 | 76,372,000 | 125,703,000 | 126,999,000 | 76,888,000 | 64,198,000 | 171,996,000 | 79,883,000 | 96,433,000 | 21,735,000 | 66,675,000 | 38,902,000 | 137,286,000 | 25,804,000 | 30,601,000 | 37,769,000 | 32,440,000 | 29,298,000 | 48,441,000 | 65,766,000 | ||
securities available for sale | 1,102,230,000 | 855,138,000 | 826,415,000 | 787,583,000 | 730,352,000 | 703,375,000 | 647,907,000 | 609,153,000 | 617,092,000 | 592,305,000 | 608,972,000 | 619,973,000 | 602,936,000 | 582,999,000 | 603,638,000 | 605,661,000 | 592,743,000 | 559,564,000 | 506,125,000 | 434,257,000 | 387,347,000 | 312,424,000 | 307,661,000 | 312,147,000 | 334,655,000 | 345,533,000 | 347,924,000 | 337,876,000 | 331,142,000 | 322,258,000 | 332,441,000 | 325,443,000 | 323,452,000 | 123,793,000 | 130,134,000 | 140,013,000 | 138,314,000 | 135,660,000 | 127,591,000 | 149,981,000 | 172,992,000 | 173,134,000 | 199,785,000 | 207,321,000 | 220,830,000 | 214,343,000 | 217,117,000 | 212,949,000 | 182,492,000 | 160,880,000 | 158,996,000 | 161,484,000 | 162,669,000 | 144,019,000 | 129,013,000 | 133,978,000 | 135,243,000 | 133,247,000 | 133,346,000 | ||
mortgage loans held for sale | 17,160,000 | 17,433,000 | 27,569,000 | 15,192,000 | 15,824,000 | 29,260,000 | 22,126,000 | 14,393,000 | 18,607,000 | 10,171,000 | 11,942,000 | 3,821,000 | 3,565,000 | 14,411,000 | 12,964,000 | 14,746,000 | 16,117,000 | 47,247,000 | 27,720,000 | 40,297,000 | |||||||||||||||||||||||||||||||||||||||||
loans | 4,821,888,000 | 4,615,160,000 | 4,698,019,000 | 4,636,549,000 | 4,600,781,000 | 4,553,018,000 | 4,438,245,000 | 4,322,006,000 | 4,303,758,000 | 4,104,376,000 | 4,051,843,000 | 3,965,528,000 | 3,916,619,000 | 3,880,958,000 | 3,723,800,000 | 3,555,790,000 | 3,453,459,000 | 3,313,709,000 | 3,248,841,000 | 3,364,370,000 | 3,216,358,000 | 3,350,544,000 | 3,333,056,000 | 2,901,543,000 | 2,856,667,000 | 2,933,013,000 | 2,881,493,000 | 2,799,639,000 | 2,636,856,000 | 2,527,281,000 | 2,441,314,000 | 2,406,377,000 | 2,379,940,000 | 1,075,487,000 | 1,058,662,000 | 1,022,956,000 | 1,041,189,000 | 1,035,288,000 | 1,060,996,000 | 1,051,674,000 | 1,072,422,000 | 1,094,037,000 | 1,122,999,000 | 1,206,886,000 | |||||||||||||||||
allowance for credit losses | -58,191,000 | -59,129,000 | -58,375,000 | -56,666,000 | -54,454,000 | -56,590,000 | -55,408,000 | -51,638,000 | -49,914,000 | -48,008,000 | -44,721,000 | -42,877,000 | -42,246,000 | -39,120,000 | -35,974,000 | -35,153,000 | |||||||||||||||||||||||||||||||||||||||||||||
premises and equipment | 62,468,000 | 56,155,000 | 54,792,000 | 53,693,000 | 53,427,000 | 54,230,000 | 50,158,000 | 50,835,000 | 50,928,000 | 52,231,000 | 52,291,000 | 51,510,000 | 51,476,000 | 52,117,000 | 51,402,000 | 56,078,000 | 57,298,000 | 57,465,000 | 58,250,000 | 55,388,000 | 58,959,000 | 60,446,000 | 59,155,000 | 59,143,000 | 57,327,000 | 54,585,000 | 51,823,000 | 50,109,000 | 47,102,000 | 45,999,000 | 45,848,000 | 45,212,000 | 45,558,000 | 25,159,000 | 25,382,000 | 25,665,000 | 25,919,000 | 26,100,000 | 26,164,000 | 26,467,000 | 26,802,000 | 26,865,000 | 27,144,000 | 27,518,000 | 27,873,000 | 28,251,000 | 28,636,000 | 29,141,000 | 29,684,000 | 30,247,000 | 30,854,000 | 31,697,000 | 32,334,000 | 32,958,000 | 33,557,000 | 34,178,000 | 34,492,000 | 34,797,000 | 34,294,000 | ||
bank owned life insurance | 105,342,000 | 94,848,000 | 95,012,000 | 94,417,000 | 93,839,000 | 86,486,000 | 86,001,000 | 85,528,000 | 85,668,000 | 81,907,000 | 81,500,000 | 81,113,000 | 80,727,000 | 75,880,000 | 75,664,000 | 75,508,000 | 75,242,000 | 72,963,000 | 72,679,000 | 72,395,000 | 72,131,000 | 71,170,000 | 70,900,000 | 70,613,000 | 70,297,000 | 67,993,000 | 67,678,000 | 69,789,000 | 69,321,000 | 66,535,000 | 66,211,000 | 66,876,000 | 66,537,000 | 51,073,000 | 50,736,000 | 50,386,000 | 50,048,000 | 49,690,000 | 49,312,000 | 48,927,000 | 48,520,000 | 48,083,000 | 47,631,000 | 47,182,000 | 46,743,000 | 46,335,000 | 45,890,000 | 45,436,000 | 45,024,000 | ||||||||||||
goodwill | 72,656,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | 49,473,000 | ||||||||||||||||||||||||||||
core deposit intangible | 20,388,000 | 212,000 | 291,000 | 424,000 | 583,000 | 741,000 | 900,000 | 1,112,000 | 1,351,000 | 1,589,000 | 1,827,000 | 2,118,000 | 2,436,000 | 2,754,000 | 3,072,000 | 3,443,000 | 3,840,000 | 4,237,000 | 4,634,000 | 5,084,000 | 6,514,000 | 8,712,000 | 9,321,000 | 10,592,000 | 11,228,000 | ||||||||||||||||||||||||||||||||||||
other assets | 217,954,000 | 180,877,000 | 170,498,000 | 153,986,000 | 148,396,000 | 147,816,000 | 144,744,000 | 127,459,000 | 125,566,000 | 120,845,000 | 96,687,000 | 91,250,000 | 94,993,000 | 97,740,000 | 79,862,000 | 64,759,000 | 54,267,000 | 56,462,000 | 50,879,000 | 47,246,000 | 44,599,000 | 36,778,000 | 34,079,000 | 31,132,000 | 32,812,000 | 33,420,000 | 28,740,000 | 30,023,000 | 32,504,000 | 28,728,000 | 30,375,000 | 27,761,000 | 25,849,000 | 6,710,000 | 6,558,000 | 14,745,000 | 15,310,000 | 15,532,000 | 15,719,000 | 15,483,000 | 14,994,000 | 15,379,000 | 16,592,000 | 17,144,000 | 18,553,000 | 23,458,000 | 24,585,000 | 25,632,000 | 26,745,000 | 48,598,000 | 38,250,000 | 30,588,000 | 26,303,000 | 28,307,000 | 26,022,000 | 24,766,000 | 18,787,000 | 20,310,000 | 14,954,000 | ||
total assets | 6,835,219,000 | 6,308,487,000 | 6,180,988,000 | 6,141,200,000 | 6,052,161,000 | 5,917,127,000 | 5,602,388,000 | 5,465,953,000 | 5,353,224,000 | 5,251,012,000 | 5,137,587,000 | 4,895,874,000 | 4,872,619,000 | 5,016,934,000 | 5,058,555,000 | 5,175,899,000 | 5,257,749,000 | 4,964,412,000 | 4,757,414,000 | 4,710,354,000 | 4,437,344,000 | 4,420,610,000 | 4,314,379,000 | 3,657,387,000 | 3,632,915,000 | 3,710,380,000 | 3,576,139,000 | 3,551,754,000 | 3,288,521,000 | 3,143,336,000 | 3,018,919,000 | 3,063,964,000 | 2,999,936,000 | 1,422,003,000 | 1,343,750,000 | 1,385,355,000 | 1,422,926,000 | 1,388,364,000 | 1,385,245,000 | 1,401,596,000 | 1,433,229,000 | 1,477,985,000 | 1,537,874,000 | 1,576,935,000 | 1,632,421,000 | 1,813,383,000 | 1,804,062,000 | 1,902,923,000 | 1,906,208,000 | 2,017,350,000 | 2,071,372,000 | 2,239,764,000 | 2,208,010,000 | 2,207,359,000 | 2,163,354,000 | 2,115,948,000 | 2,083,846,000 | 2,106,427,000 | 2,103,520,000 | 2,089,577,000 | |
liabilities and shareholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noninterest-bearing | 1,339,666,000 | 1,182,775,000 | 1,180,801,000 | 1,173,499,000 | 1,264,523,000 | 1,182,219,000 | 1,119,888,000 | 1,134,995,000 | 1,247,640,000 | 1,309,672,000 | 1,371,633,000 | 1,376,782,000 | 1,604,750,000 | 1,716,904,000 | 1,740,432,000 | 1,686,203,000 | 1,677,952,000 | 1,647,380,000 | 1,620,829,000 | 1,605,471,000 | 1,433,403,000 | 1,449,879,000 | 1,445,620,000 | 956,290,000 | 924,916,000 | 967,189,000 | 918,581,000 | 857,734,000 | 884,470,000 | 800,718,000 | 757,706,000 | 731,663,000 | 733,573,000 | 216,055,000 | 197,304,000 | 189,477,000 | 190,241,000 | 166,890,000 | 164,532,000 | 151,617,000 | 147,031,000 | 144,022,000 | 144,761,000 | 136,025,000 | 112,944,000 | 111,338,000 | 126,572,000 | 118,391,000 | 121,157,000 | 108,509,000 | 122,388,000 | 112,617,000 | 110,712,000 | 109,154,000 | 131,107,000 | 121,755,000 | 121,336,000 | 124,977,000 | 130,857,000 | ||
interest-bearing | 3,944,786,000 | 3,629,038,000 | 3,529,671,000 | 3,508,286,000 | 3,433,843,000 | 3,273,679,000 | 3,026,686,000 | 2,872,815,000 | 2,653,278,000 | 2,591,063,000 | 2,385,156,000 | 2,221,236,000 | 2,108,061,000 | 2,129,181,000 | 2,133,461,000 | 2,290,048,000 | 2,405,241,000 | 2,221,611,000 | 2,050,442,000 | 2,039,491,000 | 1,978,150,000 | 1,922,155,000 | 1,816,660,000 | 1,689,126,000 | 1,765,468,000 | 1,799,902,000 | 1,700,628,000 | 1,753,240,000 | 1,645,341,000 | 1,570,003,000 | 1,520,310,000 | 1,597,774,000 | 1,546,145,000 | 905,454,000 | 864,011,000 | 903,313,000 | 944,963,000 | 940,676,000 | 941,098,000 | 941,817,000 | 965,044,000 | 1,041,311,000 | 1,103,171,000 | 1,117,619,000 | 1,160,888,000 | 1,240,526,000 | 1,213,588,000 | 1,301,818,000 | 1,280,470,000 | 1,342,459,000 | 1,356,245,000 | 1,538,666,000 | 1,488,863,000 | 1,466,559,000 | 1,413,597,000 | 1,432,995,000 | 1,519,648,000 | 1,514,033,000 | 1,555,300,000 | ||
total deposits | 5,284,452,000 | 4,811,813,000 | 4,710,472,000 | 4,681,785,000 | 4,698,366,000 | 4,455,898,000 | 4,146,574,000 | 4,007,810,000 | 3,900,918,000 | 3,900,735,000 | 3,756,789,000 | 3,598,018,000 | 3,712,811,000 | 3,846,085,000 | 3,873,893,000 | 3,976,251,000 | 4,083,193,000 | 3,868,991,000 | 3,671,271,000 | 3,644,962,000 | 3,411,553,000 | 3,372,034,000 | 3,262,280,000 | 2,690,384,000 | 2,767,091,000 | 2,619,209,000 | 2,610,974,000 | 2,529,811,000 | 2,370,721,000 | 2,278,016,000 | 2,329,437,000 | 2,279,718,000 | 1,121,509,000 | 1,061,315,000 | 1,092,790,000 | 1,135,204,000 | 1,107,566,000 | 1,105,630,000 | 1,093,434,000 | 1,185,333,000 | 1,247,932,000 | 1,253,644,000 | 1,351,864,000 | 1,340,160,000 | 1,420,209,000 | 1,450,968,000 | 1,478,633,000 | 1,651,283,000 | 1,575,713,000 | 1,544,704,000 | 1,554,750,000 | 1,640,984,000 | 1,639,010,000 | 1,686,157,000 | |||||||
securities sold under agreements to repurchase | 232,291,000 | 251,499,000 | 242,785,000 | 242,102,000 | 121,521,000 | 220,936,000 | 221,898,000 | 228,618,000 | 229,734,000 | 164,082,000 | 219,457,000 | 227,453,000 | 194,340,000 | 198,605,000 | 203,339,000 | 204,271,000 | 197,463,000 | 175,850,000 | 169,737,000 | 141,310,000 | 118,365,000 | 157,017,000 | 167,527,000 | 133,270,000 | 102,675,000 | 103,990,000 | 119,669,000 | 111,235,000 | 94,573,000 | 110,920,000 | 126,679,000 | 146,843,000 | 136,690,000 | 65,680,000 | 57,328,000 | 68,744,000 | 64,765,000 | 60,031,000 | 52,831,000 | 57,440,000 | 72,569,000 | 69,340,000 | 71,207,000 | 80,821,000 | 116,979,000 | 116,241,000 | 108,271,000 | 98,619,000 | 99,755,000 | 102,847,000 | 109,585,000 | 91,982,000 | 94,413,000 | 105,986,000 | 82,300,000 | 83,184,000 | 88,683,000 | 84,987,000 | 78,045,000 | ||
federal home loan bank advances | 326,221,000 | 346,221,000 | 356,221,000 | 366,221,000 | 387,083,000 | 417,083,000 | 427,083,000 | 447,083,000 | 467,910,000 | 457,910,000 | 467,910,000 | 377,910,000 | 308,263,000 | 338,263,000 | 362,263,000 | 382,263,000 | 374,000,000 | 394,000,000 | 394,000,000 | 394,000,000 | 394,000,000 | 394,000,000 | 394,000,000 | 394,000,000 | 354,000,000 | 364,000,000 | 374,000,000 | 384,000,000 | 230,000,000 | 245,000,000 | 205,000,000 | 178,000,000 | 178,000,000 | 45,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 45,000,000 | 45,000,000 | 45,000,000 | 45,000,000 | 65,000,000 | 65,000,000 | 160,000,000 | 160,000,000 | 190,000,000 | 205,000,000 | 225,000,000 | 235,000,000 | 260,000,000 | 270,000,000 | 285,000,000 | 285,000,000 | 230,000,000 | 118,904,000 | 135,000,000 | 135,000,000 | 90,000,000 | |
subordinated debentures | 51,015,000 | 50,844,000 | 50,672,000 | 50,501,000 | 50,330,000 | 50,158,000 | 49,987,000 | 49,815,000 | 49,644,000 | 49,473,000 | 49,301,000 | 49,130,000 | 48,958,000 | 48,787,000 | 48,585,000 | 48,415,000 | 48,244,000 | 48,074,000 | 47,904,000 | 47,733,000 | 47,563,000 | 47,392,000 | 47,222,000 | 47,051,000 | 46,881,000 | 46,710,000 | 46,540,000 | 46,369,000 | 45,858,000 | 45,176,000 | 45,006,000 | 44,665,000 | 44,494,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | 32,990,000 | ||
subordinated notes | 89,657,000 | 89,571,000 | 89,486,000 | 89,400,000 | 89,314,000 | 89,228,000 | 89,143,000 | 89,057,000 | 88,971,000 | 88,885,000 | 88,800,000 | 88,714,000 | 88,628,000 | 88,542,000 | 88,457,000 | 88,428,000 | 73,646,000 | ||||||||||||||||||||||||||||||||||||||||||||
term note | 30,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued interest and other liabilities | 96,699,000 | 100,909,000 | 99,833,000 | 102,845,000 | 121,021,000 | 100,513,000 | 116,552,000 | 106,926,000 | 93,902,000 | 106,716,000 | 76,628,000 | 70,070,000 | 78,211,000 | 80,391,000 | 53,035,000 | 39,800,000 | 24,644,000 | 25,219,000 | 22,614,000 | 23,826,000 | 24,309,000 | 18,267,000 | 18,129,000 | 19,261,000 | 22,414,000 | 21,389,000 | 16,604,000 | 15,447,000 | 13,360,000 | 14,020,000 | 16,168,000 | 15,548,000 | 16,457,000 | 6,990,000 | 6,179,000 | 6,139,000 | 6,933,000 | 6,786,000 | 7,709,000 | 4,234,000 | 4,162,000 | 6,875,000 | 8,107,000 | 5,933,000 | 5,880,000 | 7,242,000 | 17,132,000 | ||||||||||||||
total liabilities | 6,110,335,000 | 5,650,857,000 | 5,549,469,000 | 5,532,854,000 | 5,467,635,000 | 5,333,816,000 | 5,051,237,000 | 4,929,309,000 | 4,831,079,000 | 4,767,801,000 | 4,658,885,000 | 4,428,502,000 | 4,431,211,000 | 4,600,673,000 | 4,629,572,000 | 4,739,428,000 | 4,801,190,000 | 4,512,134,000 | 4,305,526,000 | 4,269,111,000 | 3,995,790,000 | 3,988,710,000 | 3,889,158,000 | 3,238,998,000 | 3,216,354,000 | 3,303,180,000 | 3,176,022,000 | 3,168,025,000 | 2,913,602,000 | 2,785,837,000 | 2,670,869,000 | 2,714,493,000 | 2,655,359,000 | 1,272,169,000 | 1,192,812,000 | 1,235,663,000 | 1,276,336,000 | 1,243,806,000 | 1,235,583,000 | 1,234,512,000 | 1,268,230,000 | 1,341,252,000 | 1,406,957,000 | 1,450,121,000 | 1,506,485,000 | 1,678,649,000 | 1,665,019,000 | 1,764,703,000 | 1,766,104,000 | 1,840,059,000 | 1,889,680,000 | 2,070,419,000 | 2,033,638,000 | 2,036,011,000 | 1,995,641,000 | 1,941,653,000 | 1,907,949,000 | 1,928,703,000 | 1,928,989,000 | 1,914,100,000 | |
commitments and contingent liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at december 31, 2025 and december 31, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 349,431,000 | 303,463,000 | 302,294,000 | 300,732,000 | 299,705,000 | 298,704,000 | 297,591,000 | 296,065,000 | 295,106,000 | 293,961,000 | 292,906,000 | 291,516,000 | 290,436,000 | 289,219,000 | 288,199,000 | 286,831,000 | 285,752,000 | 285,033,000 | 293,232,000 | 299,358,000 | 302,029,000 | 301,896,000 | 300,897,000 | 299,584,000 | 305,035,000 | 304,065,000 | 306,669,000 | 305,346,000 | 311,720,000 | 308,343,000 | 307,371,000 | 304,027,000 | 303,336,000 | 163,629,000 | 164,548,000 | 165,353,000 | 166,074,000 | 166,728,000 | 172,888,000 | 172,872,000 | 172,841,000 | 172,834,000 | 172,801,000 | 172,732,000 | 172,677,000 | 172,768,000 | 172,631,000 | 172,493,000 | 172,438,000 | 172,362,000 | 172,277,000 | 172,194,000 | 172,353,000 | 172,480,000 | 172,640,000 | 173,134,000 | 176,610,000 | 176,461,000 | 176,332,000 | ||
retained earnings | 399,448,000 | 382,679,000 | 364,991,000 | 348,281,000 | 334,646,000 | 320,722,000 | 306,804,000 | 293,554,000 | 277,526,000 | 262,838,000 | 247,313,000 | 232,123,000 | 216,313,000 | 199,505,000 | 188,452,000 | 181,532,000 | 174,536,000 | 167,541,000 | 157,150,000 | 143,642,000 | 134,039,000 | 124,451,000 | 118,239,000 | 114,012,000 | 107,831,000 | 98,876,000 | 90,618,000 | 83,107,000 | 74,084,000 | 50,012,000 | 45,596,000 | 43,655,000 | 38,553,000 | -9,264,000 | -12,718,000 | -16,734,000 | -21,134,000 | -24,183,000 | -26,799,000 | -30,087,000 | -32,639,000 | -62,630,000 | -65,312,000 | -67,693,000 | -68,781,000 | -63,500,000 | -57,818,000 | -57,134,000 | -54,170,000 | -17,764,000 | -12,158,000 | -5,770,000 | -1,281,000 | -1,593,000 | -2,672,000 | -60,000 | 2,220,000 | 1,038,000 | |||
accumulated other comprehensive gain | -23,995,000 | -40,667,000 | -49,825,000 | -36,115,000 | -53,244,000 | -52,975,000 | -50,487,000 | -73,588,000 | -61,517,000 | -65,341,000 | -72,463,000 | -47,668,000 | -3,729,000 | -296,000 | 1,506,000 | ||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 724,884,000 | 657,630,000 | 631,519,000 | 608,346,000 | 584,526,000 | 583,311,000 | 551,151,000 | 536,644,000 | 522,145,000 | 483,211,000 | 478,702,000 | 467,372,000 | 441,408,000 | 416,261,000 | 428,983,000 | 436,471,000 | 456,559,000 | 452,278,000 | 451,888,000 | 441,243,000 | 441,554,000 | 431,900,000 | 425,221,000 | 418,389,000 | 416,561,000 | 407,200,000 | 400,117,000 | 383,729,000 | 374,919,000 | 357,499,000 | 348,050,000 | 349,471,000 | 344,577,000 | 149,834,000 | 150,938,000 | 149,692,000 | 146,590,000 | 144,558,000 | 149,662,000 | 167,084,000 | 164,999,000 | 136,733,000 | 130,917,000 | 126,814,000 | 125,936,000 | 134,734,000 | 139,043,000 | 138,220,000 | 140,104,000 | 177,291,000 | 181,692,000 | 169,345,000 | 174,372,000 | 171,348,000 | 167,713,000 | 174,295,000 | 177,724,000 | 174,531,000 | 175,477,000 | ||
total liabilities and shareholders’ equity | 6,835,219,000 | 6,308,487,000 | 6,180,988,000 | 6,141,200,000 | 6,052,161,000 | 5,917,127,000 | 5,602,388,000 | 5,465,953,000 | 5,353,224,000 | 5,251,012,000 | 5,137,587,000 | 4,895,874,000 | 4,872,619,000 | 5,016,934,000 | 5,058,555,000 | 5,175,899,000 | 5,257,749,000 | 4,964,412,000 | 4,757,414,000 | 4,710,354,000 | 4,437,344,000 | 4,420,610,000 | 4,314,379,000 | 3,657,387,000 | 3,632,915,000 | 3,710,380,000 | 3,576,139,000 | 3,551,754,000 | 3,288,521,000 | 3,143,336,000 | 3,018,919,000 | 3,063,964,000 | 2,999,936,000 | 1,422,003,000 | 1,343,750,000 | 1,385,355,000 | 1,422,926,000 | 1,388,364,000 | 1,385,245,000 | 1,401,596,000 | 1,433,229,000 | 1,477,985,000 | 1,537,874,000 | 1,576,935,000 | 1,632,421,000 | 1,813,383,000 | 1,804,062,000 | 1,902,923,000 | 1,906,208,000 | 2,017,350,000 | 2,071,372,000 | 2,239,764,000 | 2,208,010,000 | 2,207,359,000 | 2,163,354,000 | 2,115,948,000 | 2,106,427,000 | 2,103,520,000 | 2,089,577,000 | ||
federal home loan bank stock | 21,513,000 | 21,513,000 | 21,513,000 | 21,513,000 | 21,513,000 | 21,513,000 | 21,513,000 | 21,513,000 | 21,513,000 | 21,513,000 | 17,721,000 | 17,721,000 | 17,721,000 | 17,721,000 | 17,721,000 | 18,002,000 | 18,002,000 | 18,002,000 | 18,002,000 | 18,002,000 | 18,002,000 | 18,002,000 | 18,002,000 | 18,002,000 | 18,002,000 | 18,002,000 | 18,002,000 | 11,036,000 | 11,036,000 | 9,236,000 | 8,026,000 | 8,026,000 | 11,961,000 | 11,961,000 | 11,961,000 | 11,961,000 | 11,961,000 | 11,961,000 | 11,961,000 | 11,961,000 | 11,961,000 | 11,961,000 | 14,345,000 | 14,345,000 | 15,681,000 | 15,681,000 | 15,681,000 | 15,681,000 | 15,681,000 | 15,681,000 | 15,681,000 | 15,681,000 | 15,681,000 | 14,973,000 | 12,230,000 | 7,534,000 | 7,534,000 | 7,509,000 | |||
preferred stock, no par value; 1,000,000 shares authorized; none issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -28,512,000 | -35,766,000 | -56,267,000 | -31,892,000 | -1,757,000 | 4,793,000 | -4,724,000 | -4,917,000 | 1,789,000 | 2,688,000 | -4,531,000 | -892,000 | 1,073,000 | 1,650,000 | 2,013,000 | 2,435,000 | 2,765,000 | 3,328,000 | 5,125,000 | 2,088,000 | 499,000 | 825,000 | 4,312,000 | 3,137,000 | 1,827,000 | 859,000 | 1,773,000 | 710,000 | 2,921,000 | 3,300,000 | 461,000 | -2,255,000 | 1,221,000 | -1,106,000 | -2,968,000 | -855,000 | |||||||||||||||||||||||||
interest-earning assets | 197,172,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at december 31, 2024 and december 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other interest-earning assets | 60,125,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at december 31, 2023 and december 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal funds purchased | 17,207,000 | 2,600,000 | 16,000,000 | 15,800,000 | 3,300,000 | 9,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at december 31, 2022 and december 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
allowance for loan losses | -35,363,000 | -37,423,000 | -35,913,000 | -38,695,000 | -37,967,000 | -35,572,000 | -32,246,000 | -24,828,000 | -23,889,000 | -24,414,000 | -24,053,000 | -23,135,000 | -21,167,000 | -18,295,000 | -18,276,000 | -17,526,000 | -17,110,000 | -25,195,000 | -24,947,000 | -26,035,000 | -28,677,000 | -27,762,000 | -29,689,000 | -30,943,000 | -36,532,000 | -39,351,000 | -38,720,000 | -42,118,000 | |||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at december 31, 2021 and december 31, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets held for sale | 13,159,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities held for sale | 17,280,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at december 31, 2020 and december 31, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive gain/ | 5,486,000 | 5,553,000 | 6,085,000 | 3,695,000 | 4,259,000 | 2,830,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total depositss | 2,645,416,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at december 31, 2019 and december 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -10,885,000 | -856,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal funds sold | 86,283,000 | 35,080,000 | 89,594,000 | 104,879,000 | 78,012,000 | 53,476,000 | 61,022,000 | 54,329,000 | 97,183,000 | 103,510,000 | 56,068,000 | 47,924,000 | 146,668,000 | 53,892,000 | 74,352,000 | 1,368,000 | 50,426,000 | 20,741,000 | 90,099,000 | 8,950,000 | 4,820,000 | 8,239,000 | 13,400,000 | ||||||||||||||||||||||||||||||||||||||
interest-bearing deposit balances | 6,428,000 | 6,108,000 | 10,801,000 | 10,822,000 | 10,672,000 | 10,585,000 | 10,344,000 | 9,641,000 | 9,630,000 | 9,501,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
accrued interest receivable | 3,777,000 | 3,660,000 | 3,899,000 | 3,874,000 | 3,939,000 | 3,895,000 | 4,427,000 | 4,403,000 | 4,887,000 | 5,010,000 | 5,885,000 | 5,942,000 | 6,143,000 | 6,278,000 | 7,057,000 | 7,088,000 | 8,069,000 | 7,733,000 | 8,597,000 | 8,513,000 | 9,044,000 | 8,317,000 | 9,132,000 | 11,143,000 | 9,971,000 | 10,997,000 | |||||||||||||||||||||||||||||||||||
other real estate owned and repossessed assets | 3,549,000 | 3,916,000 | 6,506,000 | 6,970,000 | 11,160,000 | 11,545,000 | 13,506,000 | 15,282,000 | 17,287,000 | 18,473,000 | 15,884,000 | 16,675,000 | 21,896,000 | 23,020,000 | 23,096,000 | 26,608,000 | |||||||||||||||||||||||||||||||||||||||||||||
net deferred tax asset | 19,771,000 | 19,711,000 | 20,482,000 | 22,015,000 | 22,801,000 | 25,285,000 | 25,105,000 | 26,013,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other borrowed money | 1,444,000 | 1,433,000 | 1,423,000 | 1,414,000 | 1,434,000 | 1,714,000 | 1,721,000 | 11,733,000 | 11,804,000 | 11,831,000 | 16,836,000 | 16,829,000 | 16,890,000 | 16,867,000 | 16,850,000 | 16,825,000 | 19,528,000 | 19,393,000 | 14,245,000 | 4,086,000 | 3,839,000 | 3,653,000 | 3,480,000 | ||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at december 31, 2012, and 21,000 shares outstanding at december 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock warrant | 1,138,000 | 1,138,000 | 1,138,000 | 1,138,000 | 1,138,000 | 1,138,000 | 1,138,000 | 1,138,000 | 1,138,000 | 1,138,000 | 1,138,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at september 30, 2012 and 21,000 shares outstanding at december 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at june 30, 2012, and 21,000 shares outstanding at december 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized; 21,000 shares outstanding at march 31, 2012 and at december 31, 2011 | 20,396,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total | 1,112,075,000 | 1,273,832,000 | 1,401,627,000 | 1,599,575,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized; 21,000 shares outstanding | 20,331,000 | 20,077,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized; 21,000 shares outstanding at september 30, 2011 and december 31, 2010 | 20,266,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized; 21,000 shares outstanding at june 30, 2011 and december 31, 2010 | 20,202,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments | 9,543,000 | 9,600,000 | 9,474,000 | 9,470,000 | 9,475,000 | 1,471,000 | 1,804,000 | 100,000 | 510,000 | 534,000 | 251,000 | 268,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized; 21,000 shares outstanding at march 31, 2011 and december 31, 2010 | 20,138,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities held to maturity | 59,211,000 | 61,927,000 | 61,934,000 | 65,451,000 | 64,437,000 | 64,002,000 | 63,787,000 | 65,318,000 | 64,863,000 | 63,664,000 | 64,372,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
loans and leases | 1,262,630,000 | 1,329,156,000 | 1,410,710,000 | 1,497,624,000 | 1,539,818,000 | 1,614,226,000 | 1,708,524,000 | 1,778,057,000 | 1,856,915,000 | 1,870,799,000 | 1,840,793,000 | 1,794,310,000 | 1,765,465,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
allowance for loan and lease losses | -45,368,000 | -43,876,000 | -47,738,000 | -50,126,000 | -47,878,000 | -33,443,000 | -32,605,000 | -31,884,000 | -27,108,000 | -29,511,000 | -31,881,000 | -29,957,000 | -23,157,000 | -24,857,000 | -22,800,000 | -21,654,000 | |||||||||||||||||||||||||||||||||||||||||||||
accrued expenses and other liabilities | 5,723,000 | 6,762,000 | 6,056,000 | 11,387,000 | 16,622,000 | 17,339,000 | 16,929,000 | 20,402,000 | 20,843,000 | 23,907,000 | 24,249,000 | 23,428,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized; 21,000 shares outstanding at september 30, 2010 and december 31, 2009 | 20,016,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized; 21,000 shares outstanding at june 30, 2010 and december 31, 2009 | 19,955,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized; 21,000 shares outstanding at march 31, 2010 and december 31, 2009 | 19,896,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized; 21,000 shares outstanding at december 31, 2009 | 19,839,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bank owned life insurance policies | 44,490,000 | 43,103,000 | 42,807,000 | 42,462,000 | 41,459,000 | 41,004,000 | 39,553,000 | 32,962,000 | 32,330,000 | 31,155,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized; 21,000 shares outstanding at september 30, 2009 | 19,782,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock warrants | 1,138,000 | 1,138,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short term investments | 2,560,000 | 30,032,000 | 87,000 | 137,000 | 537,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized; 21,000 shares outstanding at june 30, 2009 | 19,725,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value: 1,000,000 shares authorized, none issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized, none issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
taxable securities | 141,289,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax-exempt securities | 64,122,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total securities | 205,411,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total earning assets | 1,979,625,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other non-earning assets | 94,279,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest-bearing demand deposits | 37,143,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
savings deposits | 86,009,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
money market accounts | 11,706,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
time deposits | 1,385,260,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total interest- bearing deposits | 1,520,118,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term borrowings | 93,307,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term borrowings | 36,610,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total interest- bearing liabilities | 1,768,939,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
demand deposits | 115,172,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 23,838,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
average equity | 175,897,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and equity | 2,083,846,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income | 56,757,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rate spread | 2,330 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest margin | 2,870 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total loans and leases | 1,796,962,000 | 1,776,026,000 | 1,748,838,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 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 | 2019-12-31 | 2018-12-31 | 2016-09-30 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | |||||||||||||||||||||||||||||||||||
net income | 22,840,000 | 42,155,000 | 19,537,000 | 19,626,000 | 40,348,000 | 21,562,000 | 20,030,000 | -41,269,813,000 | 41,311,026,000 | 20,974,000 | 61,023,740,000 | 16,031,000 | 11,737,000 | 11,492,000 | 58,973,618,000 | 15,051,000 | 18,092,000 | 14,239,000 | 14,082,000,000 | 10,686,000,000 | 13,317,000,000 | 11,574,000,000 | 7,845,000,000 | 3,454,000,000 | 4,016,000,000 | 4,400,000,000 | 3,048,000,000 | 2,616,000,000 | 3,991,000,000 | 2,880,000,000 | 30,323,000,000 | -4,953,000,000 | 15,947,913,000 | -6,038,000 | 8,963,633,000 |
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||
equity in undistributed net income of subsidiary | |||||||||||||||||||||||||||||||||||
stock-based compensation expense | 821,000 | 1,723,000 | 786,000 | 785,000 | 1,633,000 | 742,000 | 879,000 | -1,678,495,000 | 1,680,147,000 | 853,000 | 3,374,602,000 | 790,000 | 797,000 | 811,000 | 3,782,275,000 | 448,000 | 634,000 | 643,000 | 223,000,000 | 736,000,000 | 732,000,000 | 647,000,000 | 285,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | 40,000,000 | 5,000,000 | 5,000,000 | 4,000,000 | -5,000,000 | -103,000,000 | -465,389,000 | 499,000 | 360,916,000 |
stock grants to directors for retainer fees | 0 | 434,000 | 26,000 | 423,000 | |||||||||||||||||||||||||||||||
change in other assets | |||||||||||||||||||||||||||||||||||
change in other liabilities | |||||||||||||||||||||||||||||||||||
net cash from operating activities | 62,771,000 | -21,196,000 | 49,349,000 | 40,237,000 | -53,508,000 | -37,393,088,000 | 37,448,935,000 | 18,065,000 | 22,989,207,000 | 32,796,000 | 37,098,831,000 | 21,571,000,000 | 24,634,000,000 | 26,845,000,000 | 6,352,000,000 | 5,517,000,000 | 13,152,000,000 | 3,299,000,000 | 9,817,000,000 | -764,000,000 | 5,034,000,000 | 2,934,000,000 | 13,240,000 | 20,709,257,000 | |||||||||||
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 | |||||||||||
free cash flows | 62,771,000 | -21,196,000 | 49,349,000 | 40,237,000 | -53,508,000 | -37,393,088,000 | 37,448,935,000 | 18,065,000 | 22,989,207,000 | 32,796,000 | 37,098,831,000 | 21,571,000,000 | 24,634,000,000 | 26,845,000,000 | 6,352,000,000 | 5,517,000,000 | 13,152,000,000 | 3,299,000,000 | 9,817,000,000 | -764,000,000 | 5,034,000,000 | 2,934,000,000 | 13,240,000 | 20,709,257,000 | |||||||||||
cash flows from investing activities | |||||||||||||||||||||||||||||||||||
net capital investment into subsidiaries | |||||||||||||||||||||||||||||||||||
net cash for investing activities | 41,284,000 | -177,287,000 | -82,025,000 | -168,605,000 | -13,169,000 | 145,127,949,000 | -145,267,864,000 | -57,136,000 | -14,497,004,000 | -166,597,000 | -185,269,000 | -151,130,000 | -69,683,564,000 | -121,686,000 | 43,175,000 | -237,925,000 | 53,561,000,000 | -40,319,000,000 | 72,705,000,000 | -65,957,000,000 | -29,140,000,000 | -60,718,000 | -84,151,178,000 | ||||||||||||
cash flows from financing activities | |||||||||||||||||||||||||||||||||||
employee stock purchase plan | 55,000 | 27,000 | 12,000 | 15,000 | 24,000 | 11,000 | 12,000 | -22,967,000 | 22,990,000 | 10,000 | 44,967,000 | 12,000 | 11,000 | 10,000 | 47,965,000 | 13,000 | 11,000 | 11,000 | 12,000,000 | 12,000,000 | 11,000,000 | 12,000,000 | 9,000,000 | 0 | 10,000,000 | 9,000,000 | 10,000,000 | 9,000,000 | 11,000,000 | 9,000,000 | 12,000,000 | 12,000,000 | -42,943,000 | 56,000 | 90,975,000 |
dividend reinvestment plan | 183,000 | 405,000 | 203,000 | 201,000 | 405,000 | 204,000 | 221,000 | -448,330,000 | 448,783,000 | 217,000 | 866,347,000 | 218,000 | 213,000 | 222,000 | 876,352,000 | 237,000 | 198,000 | 213,000 | 204,000,000 | 206,000,000 | 188,000,000 | 665,000,000 | 170,000,000 | 0 | 17,000,000 | 16,000,000 | 0 | 0 | -8,989,000 | 36,000 | 75,984,000 | ||||
proceeds from term note issuance | |||||||||||||||||||||||||||||||||||
cash dividends on common stock | |||||||||||||||||||||||||||||||||||
net cash for financing activities | 77,567,000,000 | -43,846,000,000 | -39,193,000,000 | 31,689,000,000 | 1,709,000,000 | -23,492,000,000 | -34,026,000,000 | -71,917,000,000 | |||||||||||||||||||||||||||
net change in cash and cash equivalents | -74,341,000 | -96,938,000 | -7,550,000 | -199,562,000 | 67,096,000 | 106,698,000 | -168,879,000 | -110,854,785,000 | 111,062,834,000 | -38,834,000 | 4,754,146,000 | -195,091,000 | -291,099,000 | -204,956,000 | 1,624,645,000 | 65,830,000 | 107,187,000 | 26,338,000 | 83,364,000,000 | 34,747,000,000 | 67,941,000,000 | -56,800,000,000 | -21,226,000,000 | 32,008,000,000 | 21,529,000,000 | -2,542,000,000 | 8,636,000,000 | -49,331,000,000 | -107,798,000,000 | -40,875,069,000 | 3,542,000 | -21,930,857,000 | |||
cash and cash equivalents at beginning of period | -375,590,000 | 393,010,000 | 393,010,000 | -111,564,000 | 130,533,000 | 130,533,000 | -78,139,000 | -96,675,228,000 | 96,675,228,000 | 96,772,000 | 13,594,840,000 | 0 | 0 | 975,160,000 | 12,119,994,000 | 0 | 0 | 626,006,000 | 0 | 0 | 0 | 0 | 136,003,000,000 | 0 | 0 | 0 | 76,372,000,000 | 0 | 0 | -25,778,196,000 | -8,339,000 | 51,331,559,000 | |||
cash and cash equivalents at end of period | -449,931,000 | 296,072,000 | 385,460,000 | -311,126,000 | 197,629,000 | 237,231,000 | -247,018,000 | -207,530,013,000 | 207,738,062,000 | 57,938,000 | 18,348,986,000 | -195,091,000 | -291,099,000 | 770,204,000 | 13,744,639,000 | 65,830,000 | 107,187,000 | 652,344,000 | 83,364,000,000 | 34,747,000,000 | 67,941,000,000 | -56,800,000,000 | 114,777,000,000 | 32,008,000,000 | 21,529,000,000 | -2,542,000,000 | 85,008,000,000 | -49,331,000,000 | -107,798,000,000 | -66,653,265,000 | -4,797,000 | 29,400,702,000 | |||
adjustments to reconcile net income to net cash from operating activities | |||||||||||||||||||||||||||||||||||
depreciation and amortization/accretion | 3,064,000 | ||||||||||||||||||||||||||||||||||
provision for credit losses | 3,700,000 | 2,100,000 | 4,800,000 | 1,300,000 | 600,000 | 2,900,000 | 500,000 | 100,000 | |||||||||||||||||||||||||||
proceeds from sales of mortgage loans held for sale | 190,367,000 | 84,337,000 | 147,849,000 | 65,603,000 | -70,136,677,000 | 70,254,355,000 | 25,645,000 | 59,853,000 | 55,899,000 | 79,622,000 | 157,023,000 | 163,722,000 | 189,018,000 | 172,032,000,000 | 214,117,000,000 | 97,965,000,000 | 23,870,000,000 | 36,999,000,000 | 14,491,000,000 | 13,038,000,000 | 16,260,000,000 | 26,480,000,000 | 24,730,000,000 | 16,072,000,000 | 16,431,000,000 | 21,322,000,000 | 30,995,000,000 | -64,727,218,000 | |||||||
origination of mortgage loans held for sale | -196,413,000 | -81,241,000 | -146,731,000 | -59,297,000 | 75,943,114,000 | -76,063,049,000 | -24,951,000 | -59,468,000 | -52,367,000 | -75,046,000 | -169,891,000 | -143,435,000 | -197,245,000 | -159,309,000,000 | -189,266,000,000 | -87,106,000,000 | -22,389,000,000 | -36,285,000,000 | -12,764,000,000 | -12,990,000,000 | -15,393,000,000 | -21,639,000,000 | -29,598,000,000 | -15,683,000,000 | -17,066,000,000 | -18,846,000,000 | -27,226,000,000 | 64,691,749,000 | -36,740,000 | ||||||
net gain from sales of mortgage loans held for sale | -5,699,000 | -2,464,000 | -4,637,000 | -2,092,000 | 2,563,957,000 | -2,568,050,000 | -950,000 | -1,832,000 | -1,750,000 | -3,205,000 | -6,659,000 | -7,710,000 | -9,182,000 | -10,199,000,000 | -1,173,000,000 | -155,000,000 | -193,000,000 | -202,000,000 | -370,000,000 | -230,000,000 | -253,000,000 | ||||||||||||||
net gain from sales and valuation write-downs of foreclosed assets | -290,000 | -79,000 | -27,000 | -7,000 | -13,000 | 7,000 | 0 | -81,000 | -142,000,000 | 0 | -122,000,000 | 36,000,000 | |||||||||||||||||||||||
net gain from sale and write-down of former bank premises | -78,000 | ||||||||||||||||||||||||||||||||||
earnings on bank owned life insurance | -1,104,000 | -543,000 | -1,609,000 | -1,172,000 | 800,776,000 | -801,599,000 | -401,000 | -238,000 | -785,000 | -287,000 | -298,000 | -297,000 | -277,000 | -281,000,000 | -290,000,000 | -319,000,000 | -318,000,000 | -349,000,000 | -337,000,000 | -350,000,000 | -338,000,000 | -358,000,000 | -378,000,000 | -385,000,000 | -407,000,000 | -437,000,000 | -408,000,000 | -1,272,000 | |||||||
net loss on instruments designated at fair value and related derivatives | 210,000 | 94,000 | -104,000 | -83,000 | 180,000 | ||||||||||||||||||||||||||||||
net change in: | |||||||||||||||||||||||||||||||||||
accrued interest receivable | -278,000 | -1,500,000 | -1,169,000 | -1,875,000 | 1,481,869,000 | -1,484,053,000 | -1,947,000 | -3,104,000 | -229,000 | -1,344,000 | -335,000 | 2,159,000 | -971,000 | 163,000,000 | -1,734,000,000 | 561,000,000 | 91,000,000 | -796,000,000 | -117,000,000 | 239,000,000 | -25,000,000 | 65,000,000 | -44,000,000 | 532,000,000 | -24,000,000 | 484,000,000 | 201,000,000 | -442,575,000 | 2,171,000 | 331,172,000 | |||||
other assets | -28,260,000 | -9,493,000 | -16,679,000 | 1,849,000 | 1,324,985,000 | -1,338,131,000 | 131,000 | 19,786,407,000 | 11,342,000 | -8,894,000 | -2,855,000 | 19,591,369,000 | -6,270,000 | -7,732,000 | -1,367,000 | -4,623,000,000 | -1,503,000,000 | -473,000,000 | 551,000,000 | -1,434,000,000 | 1,521,000,000 | 9,771,000,000 | 2,159,000,000 | -4,443,000,000 | 2,637,000,000 | -628,000,000 | 629,000,000 | 172,000,000 | 6,641,000,000 | 9,423,593,000 | -1,188,000 | -736,525,000 | |||
accrued interest payable and other liabilities | -20,680,000 | -16,262,000 | 20,113,000 | 11,004,000 | 2,892,163,000 | 3,669,000 | 2,605,000 | 138,000,000 | |||||||||||||||||||||||||||
loan originations and payments | -97,017,000 | -35,656,000 | -133,793,000 | -17,824,000 | 135,221,993,000 | -135,361,061,000 | -48,939,000 | -156,912,000 | -167,689,000 | -102,241,000 | -65,224,000 | 115,849,000 | -180,147,000 | 130,956,000,000 | -32,037,000,000 | 68,792,000,000 | -55,386,000,000 | -24,850,000,000 | -16,799,000,000 | -35,212,000,000 | 14,779,000,000 | -11,046,000,000 | 27,842,000,000 | -8,510,000,000 | 7,951,000,000 | 13,119,000,000 | |||||||||
purchases of securities available for sale | -104,552,000 | -51,657,000 | -57,592,000 | -591,000 | 11,627,983,000 | -11,633,608,000 | -7,392,000 | -12,560,000 | -26,935,000 | -51,705,000 | -89,061,000 | -81,599,000 | -87,307,000 | -99,563,000,000 | -81,489,000,000 | -8,731,000,000 | -12,935,000,000 | -69,541,000,000 | -8,519,000,000 | -13,989,000,000 | -14,984,000,000 | ||||||||||||||
proceeds from maturities, calls and repayments of securities available for sale | 28,180,000 | 6,825,000 | 23,185,000 | 5,271,000 | -10,185,144,000 | 10,196,297,000 | 1,703,000 | 1,621,000 | 8,787,000 | 2,854,000 | 33,006,000 | 13,551,000 | 30,974,000 | 24,269,000,000 | 75,979,000,000 | 18,861,000,000 | 8,373,000,000 | 65,909,000,000 | 3,040,000,000 | 16,224,000,000 | 12,314,000,000 | ||||||||||||||
proceeds from sales of foreclosed assets | 290,000 | 79,000 | 27,000 | 7,000 | 13,000 | 23,000 | 0 | 158,000 | 387,000,000 | 0 | 158,000,000 | 175,000,000 | 87,000,000 | 846,000,000 | 3,020,000,000 | 2,639,000,000 | 1,257,000,000 | 1,782,000,000 | 9,714,000,000 | ||||||||||||||||
proceeds from sales of fomer bank premises | 278,000 | ||||||||||||||||||||||||||||||||||
proceeds from bank owned life insurance claims | |||||||||||||||||||||||||||||||||||
net purchases of premises and equipment and lease activity | -3,898,000 | -1,537,000 | -2,330,000 | -1,461,000 | 4,673,859,000 | -4,677,492,000 | -2,508,000 | -1,767,000 | -67,000 | -332,000 | -695,000 | ||||||||||||||||||||||||
net increase in time deposits | 51,158,000 | 6,796,000 | 71,902,000 | 55,606,000 | -227,248,704,000 | 227,443,885,000 | 87,115,000 | -33,905,000,000 | -1,308,000,000 | -25,114,000,000 | 160,847,731,000 | ||||||||||||||||||||||||
net increase in all other deposits | -39,052,000 | -23,377,000 | 173,754,000 | 51,286,000 | -52,561,000 | -60,227,000 | -71,081,000 | 218,981,000 | 64,293,000 | 302,650,000 | 73,424,000,000 | 111,062,000,000 | -51,593,000,000 | -65,585,000,000 | 14,356,000,000 | 22,457,000,000 | -22,983,000,000 | 702,000,000 | 31,084,000,000 | 22,407,000,000 | 11,428,000,000 | 5,467,000,000 | 4,157,000,000 | 63,011,000,000 | -12,438,679,000 | ||||||||||
net increase in securities sold under agreements to repurchase | 121,264,000 | 120,581,000 | -7,836,000 | -1,116,000 | -25,147,258,000 | 25,083,887,000 | 33,113,000 | -4,734,000 | -932,000 | 6,808,000 | 6,113,000 | 28,427,000 | 22,945,000 | -38,652,000,000 | -10,510,000,000 | 3,979,000,000 | 3,229,000,000 | 738,000,000 | -8,428,658,000 | -26,738,000 | 11,989,304,000 | ||||||||||||||
payoffs and paydowns of federal home loan bank advances | -50,862,000 | -20,862,000 | |||||||||||||||||||||||||||||||||
proceeds from federal home loan bank advances | 20,000,000 | 10,000,000 | 10,000,000 | -199,800,000,000 | 199,920,000,000 | 80,000,000 | 0 | 0 | 28,263,000 | 0 | 0 | 0 | 110,000,000,000 | 0 | 0 | 0 | 10,000,000,000 | 10,000,000,000 | -4,995,000,000 | 235,000,000 | 174,985,000,000 | ||||||||||||||
payment of cash dividends to common shareholders | -11,810,000 | -5,902,000 | -11,070,000 | -5,534,000 | 10,316,338,000 | -10,326,836,000 | -5,164,000 | -4,978,000 | -4,817,000 | -4,812,000 | -4,660,000 | -4,584,000 | -4,636,000 | -4,494,000,000 | -4,474,000,000 | -4,362,000,000 | -16,366,000,000 | -2,743,000,000 | -1,037,000,000 | -950,000,000 | -864,000,000 | 508,406,000 | |||||||||||||
net cash from financing activities | 91,130,000 | 77,451,000 | 186,352,000 | 79,630,000 | 190,526,000 | 40,412,000 | 265,684,000 | -3,717,000,000 | 94,988,000,000 | 51,020,000 | |||||||||||||||||||||||||
supplemental disclosures of cash flows information | |||||||||||||||||||||||||||||||||||
cash paid during the period for: | |||||||||||||||||||||||||||||||||||
interest | 64,263,000 | 32,465,000 | 59,477,000 | 28,268,000 | -27,989,336,000 | 6,592,000 | 5,243,000 | 6,649,000,000 | 3,202,000,000 | 2,711,000,000 | 2,729,000,000 | 3,339,000,000 | 2,584,000,000 | 3,452,000,000 | 3,285,000,000 | 4,420,000,000 | 6,239,000,000 | 6,462,000,000 | -49,571,337,000 | 60,903,000 | 87,684,387,000 | ||||||||||||||
federal income tax | 11,600,000 | -13,831,410,000 | 800,000 | 2,300,000 | 2,650,000,000 | 4,250,000,000 | |||||||||||||||||||||||||||||
net cash from (for) operating activities | -10,781,000 | -2,976,000 | 27,888,000 | ||||||||||||||||||||||||||||||||
depreciation and amortization | 1,647,000 | 5,480,000 | 2,773,000 | -5,921,143,000 | 5,926,951,000 | 3,049,000 | 3,163,000 | 3,234,000 | 3,458,000 | 3,445,000 | 3,298,000 | 3,457,000 | 3,163,000,000 | 2,877,000,000 | 2,556,000,000 | 2,421,000,000 | 2,455,000,000 | 543,000,000 | 533,000,000 | 553,000,000 | 569,000,000 | 581,000,000 | 578,000,000 | 510,000,000 | 506,000,000 | 565,000,000 | -2,169,423,000 | 1,973,000 | 3,079,198,000 | ||||||
stock option exercises, net of cashless exercises | |||||||||||||||||||||||||||||||||||
net proceeds from subordinated notes issuance | 14,630,355,000 | 0 | |||||||||||||||||||||||||||||||||
stock grants to directors for retainer fee | 2,000 | -316,683,000 | 0 | 0 | 0 | 45,000,000 | 0 | 38,000,000 | 0 | ||||||||||||||||||||||||||
net loss from sales and valuation write-downs of former bank premises | -2,000 | -5,000 | 250,000 | ||||||||||||||||||||||||||||||||
net loss from sales and write-downs of fixed assets | 377,000 | -409,000 | 392,000 | -1,000 | 0 | -66,000 | 312,000 | ||||||||||||||||||||||||||||
proceeds from sales of former bank premises | 265,000 | 0 | 0 | 0 | 0 | -1,000,000 | |||||||||||||||||||||||||||||
purchases of federal home loan bank stock | 3,788,208,000 | 0 | -4,950,000,000 | ||||||||||||||||||||||||||||||||
proceeds from bank owned life insurance death benefits claim | 1,357,000 | 1,357,000 | 0 | ||||||||||||||||||||||||||||||||
net decrease in securities sold under agreements to repurchase | -8,859,000,000 | 10,153,000,000 | 7,200,000,000 | -4,609,000,000 | -15,129,000,000 | ||||||||||||||||||||||||||||||
maturities of federal home loan bank advances | -50,827,000 | 40,302,647,000 | -24,000,000 | 0 | 0 | -10,000,000,000 | 0 | -10,000,000,000 | 49,930,000,000 | ||||||||||||||||||||||||||
noncash financing and investing activities: | |||||||||||||||||||||||||||||||||||
transfers from bank premises to other real estate owned | -599,400,000 | 0 | |||||||||||||||||||||||||||||||||
transfers from loans to foreclosed assets | -60,888,000 | 0 | 135,000,000 | 61,000,000 | 350,000,000 | 63,000,000 | 1,647,000,000 | 1,313,000,000 | 1,577,000,000 | 775,000,000 | 8,096,000,000 | 1,644,000,000 | |||||||||||||||||||||||
net increase in federal funds purchased | |||||||||||||||||||||||||||||||||||
payoffs of and paydowns on federal home loan bank advances | -30,827,000 | -10,353,000 | |||||||||||||||||||||||||||||||||
repurchase of common shares | |||||||||||||||||||||||||||||||||||
net cash (for) from financing activities | -312,422,000 | -218,589,646,000 | -3,738,057,000 | -61,290,000 | |||||||||||||||||||||||||||||||
net gain on instruments designated at fair value and related derivatives | |||||||||||||||||||||||||||||||||||
proceeds from federal home loan bank stock redemption | 0 | 0 | 281,000 | ||||||||||||||||||||||||||||||||
net decrease in all other deposits | 183,458,628,000 | -183,351,092,000 | -201,908,000 | ||||||||||||||||||||||||||||||||
proceeds from stock option exercises, net of cashless exercises | 0 | 56,000,000 | 153,000,000 | ||||||||||||||||||||||||||||||||
transfers from premises and equipment to other assets | 0 | ||||||||||||||||||||||||||||||||||
benefit from credit losses | |||||||||||||||||||||||||||||||||||
net income from sales and write-downs of fixed assets | 0 | ||||||||||||||||||||||||||||||||||
net (gain) loss on instruments designated at fair value and related derivatives | |||||||||||||||||||||||||||||||||||
accrued interest and other liabilities | -5,495,000 | 15,156,000 | -483,000 | 11,808,000,000 | -796,000,000 | ||||||||||||||||||||||||||||||
net change in federal funds purchased | 17,207,000 | ||||||||||||||||||||||||||||||||||
net proceeds from stock option exercises | 36,000 | ||||||||||||||||||||||||||||||||||
proceeds from subordinated notes issuance | 14,701,000 | ||||||||||||||||||||||||||||||||||
net cash from (for) financing activities | 237,000 | -81,714,000 | 57,535,000,000 | 167,482,139,000 | |||||||||||||||||||||||||||||||
assets | |||||||||||||||||||||||||||||||||||
cash and cash equivalents | |||||||||||||||||||||||||||||||||||
investment in bank subsidiary | |||||||||||||||||||||||||||||||||||
total assets | |||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||
liabilities | |||||||||||||||||||||||||||||||||||
subordinated debentures | |||||||||||||||||||||||||||||||||||
subordinated notes | |||||||||||||||||||||||||||||||||||
shareholders’ equity | |||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||
income | |||||||||||||||||||||||||||||||||||
interest and dividends from subsidiaries | |||||||||||||||||||||||||||||||||||
total income | |||||||||||||||||||||||||||||||||||
expenses | |||||||||||||||||||||||||||||||||||
interest expense | |||||||||||||||||||||||||||||||||||
other operating expenses | |||||||||||||||||||||||||||||||||||
total expenses | |||||||||||||||||||||||||||||||||||
income before income tax benefit and equity in undistributed net income of subsidiary | |||||||||||||||||||||||||||||||||||
federal income tax benefit | |||||||||||||||||||||||||||||||||||
comprehensive income | |||||||||||||||||||||||||||||||||||
accretion of acquired loans | -34,000 | -34,000 | -34,000 | -112,000,000 | -112,000,000 | -164,000,000 | -316,000,000 | -1,002,000,000 | |||||||||||||||||||||||||||
change in fair value of derivative asset | |||||||||||||||||||||||||||||||||||
change in fair value of derivative liability | |||||||||||||||||||||||||||||||||||
gain on sale of branch | 0 | ||||||||||||||||||||||||||||||||||
net cash transferred in branch sale | 0 | ||||||||||||||||||||||||||||||||||
net decrease in time deposits | 24,753,000 | -42,131,000 | -35,861,000 | -21,261,000 | -40,620,000 | -51,961,000 | 20,483,000,000 | 37,737,000,000 | -8,492,000,000 | -43,116,000,000 | -3,446,000,000 | -20,471,000,000 | 768,000,000 | -24,108,000,000 | -77,415,000,000 | ||||||||||||||||||||
repurchases of common stock shares | -8,947,000 | 0 | |||||||||||||||||||||||||||||||||
payoffs of federal home loan bank advances | -20,000,000 | ||||||||||||||||||||||||||||||||||
repurchases of common stock | -3,538,000 | ||||||||||||||||||||||||||||||||||
provision for loan losses | 1,900,000 | -3,100,000 | 300,000 | ||||||||||||||||||||||||||||||||
proceeds from stock option exercises | 227,000,000 | 18,000,000 | 0 | ||||||||||||||||||||||||||||||||
net cash (for) from operating activities | |||||||||||||||||||||||||||||||||||
net cash for operating activities | -1,421,000 | ||||||||||||||||||||||||||||||||||
net purchases of premises and equipment | -1,603,000 | -2,772,000,000 | -744,000,000 | ||||||||||||||||||||||||||||||||
benefit from loan losses | 2,500,000,000 | 3,200,000,000 | -700,000,000 | 0 | 600,000,000 | -1,700,000,000 | -1,500,000,000 | -1,500,000,000 | 300,000,000 | -400,000,000 | 1,900,000,000 | ||||||||||||||||||||||||
deferred income tax expense | |||||||||||||||||||||||||||||||||||
net gain on sales of mortgage loans held for sale | 712,095,000 | ||||||||||||||||||||||||||||||||||
net gain from sale and write-downs on former bank premises | |||||||||||||||||||||||||||||||||||
net income from sales and disposals of premises and equipment | |||||||||||||||||||||||||||||||||||
purchases of bank owned life insurance | -2,000,000,000 | 0 | 1,006,882,000 | ||||||||||||||||||||||||||||||||
proceeds from bank owned life insurance cash value release and death benefits | 0 | ||||||||||||||||||||||||||||||||||
purchases of premises and equipment | -116,000,000 | -54,000,000 | -80,000,000 | -156,000,000 | -278,000,000 | -67,000,000 | -70,000,000 | -334,000,000 | -34,000,000 | 28,956,000 | -604,000 | -3,512,597,000 | |||||||||||||||||||||||
mercantile bank corporation | |||||||||||||||||||||||||||||||||||
consolidated statements of cash flows | |||||||||||||||||||||||||||||||||||
years ended december 31, 2020, 2019 and 2018 | |||||||||||||||||||||||||||||||||||
net gain from sales and valuation write-downs of former bank premises | 0 | ||||||||||||||||||||||||||||||||||
net cash from/(for) operating activities | |||||||||||||||||||||||||||||||||||
net (gain) income from sale and write-downs on former bank premises | |||||||||||||||||||||||||||||||||||
net gain from sales of available for sale securities | |||||||||||||||||||||||||||||||||||
proceeds from sales of securities available for sale | 0 | 6,405,000,000 | |||||||||||||||||||||||||||||||||
years ended december 31, 2019, 2018 and 2017 | |||||||||||||||||||||||||||||||||||
net (gain) income from sales and valuation write-downs of former bank premises | 0 | ||||||||||||||||||||||||||||||||||
gain on trust preferred securities repurchase | 0 | ||||||||||||||||||||||||||||||||||
net (gain) income from sales of available for sale securities | 0 | ||||||||||||||||||||||||||||||||||
repurchase of common stock | |||||||||||||||||||||||||||||||||||
repurchase of trust preferred securities | 0 | ||||||||||||||||||||||||||||||||||
years ended december 31, 2018, 2017 and 2016 | |||||||||||||||||||||||||||||||||||
net income from sales and valuation write-downs of former bank premises | |||||||||||||||||||||||||||||||||||
years ended december 31, 2017, 2016 and 2015 | |||||||||||||||||||||||||||||||||||
net gain from sales and valuation write-down of foreclosed assets | 0 | ||||||||||||||||||||||||||||||||||
net (gain) income from sales and valuation write-down of former bank premises | |||||||||||||||||||||||||||||||||||
net income from sales of fixed assets | |||||||||||||||||||||||||||||||||||
repurchase of common stock shares | 0 | ||||||||||||||||||||||||||||||||||
net income from sales of available for sale securities | |||||||||||||||||||||||||||||||||||
net sales (purchases) of premises and equipment | |||||||||||||||||||||||||||||||||||
net gain from sales and valuation write-down of former bank premises | 0 | ||||||||||||||||||||||||||||||||||
net (gain) income from sales of fixed assets | 3,000,000 | ||||||||||||||||||||||||||||||||||
proceeds from fhlb stock redemption | |||||||||||||||||||||||||||||||||||
purchases of fhlb stock | 0 | ||||||||||||||||||||||||||||||||||
net (gain) income from sale and valuation write-down of foreclosed assets | -129,000,000 | -367,000,000 | -528,000,000 | ||||||||||||||||||||||||||||||||
accrued expenses and other liabilities | 592,000,000 | 837,000,000 | -2,205,000,000 | -1,248,000,000 | 2,828,000,000 | 72,000,000 | |||||||||||||||||||||||||||||
net cash from (for) investing activities | -15,143,000,000 | -203,905,433,000 | |||||||||||||||||||||||||||||||||
net increase in other borrowed money | 58,000,000 | -32,000,000 | 81,000,000 | 696,814,000 | |||||||||||||||||||||||||||||||
repurchase of preferred stock | 0 | 0 | |||||||||||||||||||||||||||||||||
repurchase of common stock warrant | 0 | ||||||||||||||||||||||||||||||||||
payment of cash dividends on preferred stock | 0 | -134,000,000 | -99,000,000 | -263,000,000 | 0 | 262,475,000 | |||||||||||||||||||||||||||||
net cash from investing activities | 14,668,000,000 | -9,498,000,000 | 20,584,000,000 | 15,916,000,000 | 39,728,000,000 | 15,723,000,000 | |||||||||||||||||||||||||||||
preferred stock cash dividend accrued | 134,000,000 | -1,354,000,000 | 268,000,000 | -133,866,000 | |||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from (for) operating activities: | |||||||||||||||||||||||||||||||||||
net gain on sale of mortgage loans held for sale | |||||||||||||||||||||||||||||||||||
net gain on sale of held to maturity securities | |||||||||||||||||||||||||||||||||||
gain on sale of commercial loans | |||||||||||||||||||||||||||||||||||
net (gain) loss on sale and write-down of premises and equipment | |||||||||||||||||||||||||||||||||||
net income on sale and valuation write-downs of foreclosed assets | |||||||||||||||||||||||||||||||||||
recognition of unrealized gain on interest rate swaps | 0 | 1,548,197,000 | |||||||||||||||||||||||||||||||||
purchases of: | |||||||||||||||||||||||||||||||||||
securities available for sale | -23,983,000,000 | -23,980,000,000 | -4,008,000,000 | -17,985,000,000 | -25,763,000,000 | -34,803,000,000 | 39,910,941,000 | -81,586,000 | -15,404,045,000 | ||||||||||||||||||||||||||
proceeds from: | |||||||||||||||||||||||||||||||||||
maturities, calls and repayments of securities available for sale | |||||||||||||||||||||||||||||||||||
proceeds from sale of held to maturity securities | |||||||||||||||||||||||||||||||||||
proceeds from sale of commercial loans | |||||||||||||||||||||||||||||||||||
proceeds from sale of foreclosed assets | |||||||||||||||||||||||||||||||||||
maturities and prepayments of federal home loan bank advances | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||
maturities of wholesale repurchase agreements | 0 | ||||||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information | |||||||||||||||||||||||||||||||||||
cash paid during the year for: | |||||||||||||||||||||||||||||||||||
federal income taxes | |||||||||||||||||||||||||||||||||||
net income from sale and valuation write-down of foreclosed assets | 705,000,000 | 954,000,000 | 158,000,000 | ||||||||||||||||||||||||||||||||
maturities, calls and repayments of available for sale securities | 15,743,000,000 | 26,719,000,000 | 40,118,000,000 | ||||||||||||||||||||||||||||||||
redemption of federal home loan bank stock | |||||||||||||||||||||||||||||||||||
net decrease in other borrowed money | 10,000,000 | 9,000,000 | -20,000,000 | ||||||||||||||||||||||||||||||||
securities held to maturity | 1,023,975,000 | -752,000 | -4,656,665,000 | ||||||||||||||||||||||||||||||||
maturities, calls and repayments of securities held to maturity | |||||||||||||||||||||||||||||||||||
decrease in other borrowed money | |||||||||||||||||||||||||||||||||||
proceeds from issuance of preferred stock and common stock warrant | |||||||||||||||||||||||||||||||||||
gain from sale of commercial loans | |||||||||||||||||||||||||||||||||||
net gain from sale of held to maturity securities | |||||||||||||||||||||||||||||||||||
sales of held to maturity securities | |||||||||||||||||||||||||||||||||||
proceeds from sales of commercial loans | |||||||||||||||||||||||||||||||||||
net decrease in federal funds purchased | |||||||||||||||||||||||||||||||||||
payment of cash dividends on common shares | |||||||||||||||||||||||||||||||||||
gain on sales of commercial loans | |||||||||||||||||||||||||||||||||||
net income on sale and valuation write-down of foreclosed assets | |||||||||||||||||||||||||||||||||||
benefit from loan and lease losses | 6,800,000,000 | -33,641,000,000 | 19,300,000 | 11,067,200,000 | |||||||||||||||||||||||||||||||
federal home loan bank stock | -5,240,000 | ||||||||||||||||||||||||||||||||||
loan and lease originations and payments | 56,097,000,000 | -185,690,709,000 | -48,902,000 | -66,533,190,000 | |||||||||||||||||||||||||||||||
increase in structured repurchase agreements | |||||||||||||||||||||||||||||||||||
maturities of structured repurchase agreements | |||||||||||||||||||||||||||||||||||
increase in other borrowed money | |||||||||||||||||||||||||||||||||||
transfers from loans and leases to foreclosed assets | 1,773,000,000 | -18,409,683,000 | 5,751,000 | 6,414,869,000 | |||||||||||||||||||||||||||||||
maturities, calls and repayments of held to maturity securities | |||||||||||||||||||||||||||||||||||
cash paid in lieu of fractional shares on stock dividend | |||||||||||||||||||||||||||||||||||
stock option exercises | 55,976,000 | ||||||||||||||||||||||||||||||||||
net income on sale and write-down of foreclosed assets | |||||||||||||||||||||||||||||||||||
earnings on bank owned life insurance policies | |||||||||||||||||||||||||||||||||||
proceeds from the sales of commercial loans | |||||||||||||||||||||||||||||||||||
proceeds from the sale of foreclosed assets | |||||||||||||||||||||||||||||||||||
proceeds from issuance of preferred stock and common stock warrants | |||||||||||||||||||||||||||||||||||
net gain on sales of mortgage loans | |||||||||||||||||||||||||||||||||||
pay-offs of federal home loan bank advances | |||||||||||||||||||||||||||||||||||
payment of cash dividend | |||||||||||||||||||||||||||||||||||
deferred income tax benefit | |||||||||||||||||||||||||||||||||||
net gain on sales of commercial loans | |||||||||||||||||||||||||||||||||||
loss on sale of foreclosed assets | |||||||||||||||||||||||||||||||||||
purchases of bank owned life insurance policies | |||||||||||||||||||||||||||||||||||
pay-off of federal home loan bank advances | |||||||||||||||||||||||||||||||||||
cash dividends | |||||||||||||||||||||||||||||||||||
proceeds from the sale of mortgage loans held for sale | |||||||||||||||||||||||||||||||||||
cash flows for investing activities | |||||||||||||||||||||||||||||||||||
net increase in deposits | -55,723,974,000 | ||||||||||||||||||||||||||||||||||
payment of cash dividends | |||||||||||||||||||||||||||||||||||
proceeds from sale of mortgage loans held for sale | |||||||||||||||||||||||||||||||||||
net decrease in deposits | |||||||||||||||||||||||||||||||||||
benefit from deferred income taxes | |||||||||||||||||||||||||||||||||||
federal home loan bank stock dividends | |||||||||||||||||||||||||||||||||||
redemption of fhlb stock | |||||||||||||||||||||||||||||||||||
cash flows for financing activities | |||||||||||||||||||||||||||||||||||
loan and leases originations and payments | |||||||||||||||||||||||||||||||||||
equity compensation expense | |||||||||||||||||||||||||||||||||||
gain on sale of securities | |||||||||||||||||||||||||||||||||||
net change in | |||||||||||||||||||||||||||||||||||
sales of securities available for sale | |||||||||||||||||||||||||||||||||||
proceeds from issuance of subordinated debentures | |||||||||||||||||||||||||||||||||||
pay-off of subordinated debentures | |||||||||||||||||||||||||||||||||||
cash paid during the year for |
