Document and Entity Information
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3 Months Ended | |
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Mar. 31, 2015
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Apr. 27, 2015
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Document and Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2015 | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q1 | |
Entity Registrant Name | CASS INFORMATION SYSTEMS INC | |
Entity Central Index Key | 0000708781 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 11,476,082 |
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End date of current fiscal year in the format --MM-DD. No definition available.
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This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business and includes carrying value of amounts due on drafts payable on the balance sheet date. No definition available.
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The amount outstanding of funds lent to other depository institutions, securities brokers, or securities dealers in the form of Federal Funds sold; for example, immediately available funds lent under agreements or contracts that mature in one business day or roll over under a continuing contract, regardless of the nature of the transaction or the collateral involved, excluding overnight lending for commercial and industrial purposes. Also include Federal Funds sold under agreements to resell on a gross basis, excluding (1) sales of term Federal Funds, (2) due bills representing purchases of securities or other assets by the reporting bank that have not yet been delivered and similar instruments, (3) resale agreements that mature in more than one business day involving assets other than securities, (4) yield maintenance dollar repurchase agreements, and (5) money market funds. Also includes, other investments not otherwise specified in the taxonomy that will be realized in a short period of time, usually less than one year or the normal operating cycle, whichever is longer. No definition available.
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The normal cycle for payment of Transportation invoices to a carrier, on behalf of the company's customer, is: the customer provides the funds to the company prior to the payment of the invoice by the company to the carrier. Payments in excess of funding are generated when, according to a service agreement with a few selected carriers, the company pays the carrier prior to receipt of the funds from the customer. The company receives a fee from the carrier for making this accelerated payment. No definition available.
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CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)
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Mar. 31, 2015
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Dec. 31, 2014
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CONSOLIDATED BALANCE SHEETS [Abstract] | ||
Preferred stock, par value per share | $ 0.50 | $ 0.50 |
Preferred stock, shares authorized | 2,000,000 | 2,000,000 |
Preferred stock, shares issued | 0 | 0 |
Common stock, par value per share | $ 0.50 | $ 0.50 |
Common stock, shares authorized | 40,000,000 | 40,000,000 |
Common stock, shares issued | 11,931,147 | 11,931,147 |
Treasury stock, shares | 461,252 | 428,572 |
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Revenue earned from providing services relating to transportation invoice rating, payment, audit, accounting and transportation information to many of the nation's largest companies. No definition available.
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Interest income on federal funds sold and other short-term investments. No definition available.
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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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Comprehensive income: | ||
Net income | $ 5,539 | $ 5,811 |
Other comprehensive income: | ||
Net unrealized gain (loss) on securities available-for-sale | 1,496 | 3,688 |
Tax effect | (557) | (1,370) |
Reclassification adjustments for gains included in net income | (949) | |
Tax effect | 332 | |
Foreign currency translation adjustments | (64) | (5) |
Total comprehensive income | $ 5,797 | $ 8,124 |
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Net change during the reporting period in noninterest-bearing demand deposits. No definition available.
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Net change during the reporting period in the carrying amount of payments in excess of funding. No definition available.
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Basis of Presentation
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3 Months Ended |
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Mar. 31, 2015
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Basis of Presentation [Abstract] | |
Basis of Presentation | Note 1 - Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring accruals, considered necessary for a fair presentation have been included. For further information, refer to the audited consolidated financial statements and related footnotes included in Cass Information System, Inc.'s (the Company or Cass) Annual Report on Form 10-K for the year ended December 31, 2014. |
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Intangible Assets
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Mar. 31, 2015
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Intangible Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible Assets | Note 2 Intangible Assets The Company accounts for intangible assets in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 350, Goodwill and Other Intangible Assets, (FASB ASC 350), which requires that intangibles with indefinite useful lives be tested annually for impairment and those with finite useful lives be amortized over their useful lives. Details of the Company's intangible assets are as follows:
The customer lists are amortized over seven and ten years; the patent over 18 years; the non-compete agreements over five years; software over three years; and other intangible assets over fifteen years. Amortization of intangible assets amounted to $101,000 and $120,000 for the three-month periods ended March 31, 2015 and 2014, respectively. Estimated future amortization of intangibles is as follows: $405,000 in 2015 and 2016, and $353,000 in each of 2017, 2018 and 2019. |
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Earnings Per Share
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Mar. 31, 2015
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Earnings Per Share | Note 3 Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income by the sum of the weighted-average number of common shares outstanding and the weighted-average number of potential common shares outstanding. There were no anti-dilutive shares in the three months ended March 31, 2015 and 2014. The calculations of basic and diluted earnings per share are as follows:
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Stock Repurchases
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Mar. 31, 2015
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Stock Repurchases [Abstract] | |
Stock Repurchases | Note 4 Stock Repurchases The Company maintains a treasury stock buyback program pursuant to which the Board of Directors has authorized the repurchase of up to 500,000 shares of the Company's common stock. The Company repurchased 69,288 and 0 shares during the three-month periods ended March 31, 2015 and 2014, respectively. As of March 31, 2015, 410,752 shares remained available for repurchase under the program. Repurchases may be made in the open market or through negotiated transactions from time to time depending on market conditions. |
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Industry Segment Information
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Industry Segment Information | Note 5 Industry Segment Information The services provided by the Company are classified into two reportable segments: Information Services and Banking Services. Each of these segments provides distinct services that are marketed through different channels. They are managed separately due to their unique service, processing and capital requirements. The Information Services segment provides transportation, energy, telecommunication, and environmental invoice processing and payment services to large corporations. The Banking Services segment provides banking services primarily to privately held businesses and churches. The Company's accounting policies for segments are the same as those described in the summary of significant accounting policies in the Company's Annual Report on Form 10-K for the year ended December 31, 2014. Management evaluates segment performance based on net income after allocations for corporate expenses and income taxes. Transactions between segments are accounted for at what management believes to be fair value. Substantially all revenue originates from, and all long-lived assets are located within the United States, and no revenue from any customer of any segment exceeds 10% of the Company's consolidated revenue. Assets represent actual assets owned by Information Services and Banking Services and there is no allocation methodology used. Segment interest from customers is the actual interest earned on the loans owned by Information Services and Banking Services, respectively. Summarized information about the Company's operations in each industry segment is as follows:
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Loans by Type
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Loans by Type [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans by Type | Note 6 Loans by Type A summary of loan categories is as follows:
The following table presents the aging of loans by loan categories at March 31, 2015 and December 31, 2014:
The following table presents the credit exposure of the loan portfolio as of March 31, 2015 and December 31, 2014:
Impaired loans consist primarily of nonaccrual loans, loans greater than 90 days past due and still accruing interest and troubled debt restructurings, both performing and nonperforming. Troubled debt restructuring involves the granting of a concession to a borrower experiencing financial difficulty resulting in the modification of terms of the loan, such as changes in payment schedule or interest rate. Management measures impairment in accordance with FASB ASC 310, Allowance for Credit Losses. At March 31, 2015 and December 31, 2014, all impaired loans were evaluated based on the fair value of the collateral. The fair value of the collateral is based upon an observable market price or current appraised value and therefore, the Company classifies these assets as nonrecurring Level 3. There were no loans delinquent 90 days or more and still accruing interest at March 31, 2015 and December 31, 2014. There were no loans classified as troubled debt restructuring at March 31, 2015 and December 31, 2014. There were no foreclosed loans recorded as other real estate owned (included in other assets) as of March 31, 2015, and December 31, 2014. The following table presents the recorded investment and unpaid principal balance for impaired loans at March 31, 2015 and December 31, 2014:
A summary of the activity in the allowance for loan losses from December 31, 2014 to March 31, 2015 is as follows:
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Commitments and Contingencies
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Commitments and Contingencies | Note 7 Commitments and Contingencies In the normal course of business, the Company is party to activities that contain credit, market and operational risks that are not reflected in whole or in part in the Company's consolidated financial statements. Such activities include traditional off-balance sheet credit-related financial instruments and commitments under operating leases. These financial instruments include commitments to extend credit, commercial letters of credit and standby letters of credit. The Company's maximum potential exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit, commercial letters of credit and standby letters of credit is represented by the contractual amounts of those instruments. At March 31, 2015 and December 31, 2014, no amounts have been accrued for any estimated losses for these instruments. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commercial and standby letters of credit are conditional commitments issued by the Company or its subsidiaries to guarantee the performance of a customer to a third party. These off-balance sheet financial instruments generally have fixed expiration dates or other termination clauses and may require payment of a fee. At March 31, 2015, the balance of unused loan commitments, standby and commercial letters of credit were $12,917,000, $11,754,000, and $2,017,000, respectively. Since some of the financial instruments may expire without being drawn upon, the total amounts do not necessarily represent future cash requirements. Commitments to extend credit and letters of credit are subject to the same underwriting standards as those financial instruments included on the consolidated balance sheets. The Company evaluates each customer's credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary upon extension of the credit, is based on management's credit evaluation of the borrower. Collateral held varies, but is generally accounts receivable, inventory, residential or income-producing commercial property or equipment. In the event of nonperformance, the Company or its subsidiaries may obtain and liquidate the collateral to recover amounts paid under guarantees on these financial instruments. The following table summarizes contractual cash obligations of the Company related to operating lease commitments and time deposits at March 31, 2015:
The Company and its subsidiaries are involved in various pending legal actions and proceedings in which claims for damages are asserted. Management, after discussion with legal counsel, believes the ultimate resolution of these legal actions and proceedings will not have a material effect upon the Company's consolidated financial position or results of operations. |
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Stock-Based Compensation
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Stock-Based Compensation | Note 8 Stock-Based Compensation The Amended and Restated Omnibus Stock and Performance Compensation Plan (the Omnibus Plan) permits the issuance of up to 1,500,000 shares of the Company's common stock in the form of stock options, stock appreciation rights (SARs), restricted stock, restricted stock units and performance awards. The Company issues shares out of treasury stock for these awards. During the three months ended March 31, 2015, 35,657 restricted shares and 0 SARs were granted under the Omnibus Plan. Restricted Stock Following is a summary of the activity of the restricted stock:
SARs
Following is a summary of the activity of the non-vested SARs during the three-month period ended March 31, 2015:
The Company uses the Black-Scholes pricing model to determine the fair value of the SARs at the date of grant. Following are the assumptions used to estimate the per-share fair value of SARs granted:
The risk-free interest rate is based on the zero-coupon U.S. Treasury yield for the period equal to the expected life of the SARs at the time of the grant. The expected life was derived using the historical exercise activity. The Company uses historical volatility for a period equal to the expected life of the rights using average monthly closing market prices of the Company's stock as reported on The Nasdaq Global Market. The expected dividend yield is based on the Company's current rate of annual dividends. |
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Defined Pension Plans
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Defined Pension Plans | Note 9 Defined Pension Plans The Company has a noncontributory defined-benefit pension plan, which covers most of its employees. The Company accrues and makes contributions designed to fund normal service costs on a current basis using the projected unit credit with service proration method to amortize prior service costs arising from improvements in pension benefits and qualifying service prior to the establishment of the plan over a period of approximately 30 years. Disclosure information is based on a measurement date of December 31 of the corresponding year. The following table represents the components of the net periodic pension costs:
Pension costs recorded to expense were $991,000 and $410,000 for the three-month periods ended March 31, 2015 and 2014, respectively. Pension costs increased significantly in 2015 due to a decrease in the discount rate assumption and the use of the updated mortality tables. The Company made no contribution to the plan during the three-month period ended March 31, 2015 and is evaluating the amount of additional contributions, if any, in the remainder of 2015. In addition to the above funded benefit plan, the Company has an unfunded supplemental executive retirement plan which covers key executives of the Company. This is a noncontributory plan in which the Company and its subsidiaries make accruals designed to fund normal service costs on a current basis using the same method and criteria as its defined benefit plan. The following table represents the components of the net periodic pension costs for 2014 and an estimate for 2015:
Pension costs recorded to expense were $285,000 and $236,000 for the three-month periods ended March 31, 2015 and 2014, respectively. |
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Income Taxes
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Income Taxes [Abstract] | |
Income Taxes | Note 10 Income Taxes As of March 31, 2015, the Company's unrecognized tax benefits were approximately $1,191,000, of which $876,000 would, if recognized, affect the Company's effective tax rate. As of December 31, 2014, the Company's unrecognized tax benefits were approximately $1,117,000, of which $819,000 would, if recognized, affect the Company's effective tax rate. During the next 12 months, the Company may realize a reduction of its unrecognized tax benefits of approximately $210,000 due to the lapse of federal and state statutes of limitations. The Company recognizes interest and penalties related to uncertain tax positions in income tax expense. The Company had $54,000 and $45,000 of gross interest accrued as of March 31, 2015 and December 31, 2014, respectively. There were no penalties for unrecognized tax benefits accrued at March 31, 2015 and December 31, 2014. The Company is subject to income tax in the U.S. federal jurisdiction and numerous state jurisdictions. U.S. federal income tax returns for tax years 2011 through 2013 remain subject to examination by the Internal Revenue Service. In addition, the Company is subject to state tax examinations for the tax years 2011 through 2013. |
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Investment in Securities
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Investment in Securities | Note 11 Investment in Securities Investment securities available-for-sale are recorded at fair value on a recurring basis. The Company's investment securities available-for-sale are measured at fair value using Level 2 valuations. The market evaluation utilizes several sources which include observable inputs rather than significant unobservable inputs and therefore fall into the Level 2 category. The amortized cost, gross unrealized gains, gross unrealized losses and fair value of investment securities are summarized as follows:
The fair values of securities with unrealized losses are as follows:
There were 8 securities, or 2% of the total (one greater than 12 months), in an unrealized loss position as of March 31, 2015. There were 20 securities, or 6% of the total (12 greater than 12 months), in an unrealized loss position as of December 31, 2014. All unrealized losses were reviewed to determine whether the losses were other than temporary. Management believes that all unrealized losses are temporary since they were market driven, the Company does not have the intent to sell the security, and it is more likely than not that the Company will not be required to sell prior to recovery of the amortized basis. The amortized cost and fair value of investment securities by contractual maturity are shown in the following table. Expected maturities may differ from contractual maturities because borrowers have the right to prepay obligations with or without prepayment penalties.
Proceeds from sales of investment securities classified as available for sale were $45,198,000 for the three months ended March 31, 2015. Gross realized gains were $949,000 for the three months ended March 31, 2015. There was one security totaling $3,750,000 pledged to secure public deposits and for other purposes at March 31, 2015. |
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Fair Value of Financial Instruments
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Fair Value of Financial Instruments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value of Financial Instruments | Note 12 Fair Value of Financial Instruments Following is a summary of the carrying amounts and fair values of the Company's financial instruments:
The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value: Cash and Cash Equivalents - The carrying amount approximates fair value. Investment in Securities - The fair value is measured on a recurring basis using Level 2 valuations. Refer to Note 11, Investment in Securities, for fair value and unrealized gains and losses by investment type. Loans - The fair value is estimated using present values of future cash flows discounted at risk-adjusted interest rates for each loan category designated by management and is therefore a Level 3 valuation. Management believes that the risk factor embedded in the interest rates along with the allowance for loan losses results in a fair valuation. Impaired loans are valued using the fair value of the collateral which is based upon an observable market price or a current appraised value and therefore, the fair value is a nonrecurring Level 3 valuation. Accrued Interest Receivable - The carrying amount approximates fair value. Deposits - The fair value of demand deposits, savings deposits and certain money market deposits is the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities and therefore, is a Level 2 valuation. The fair value estimates above do not include the benefit that results from the low-cost funding provided by the deposit liabilities compared to the cost of borrowing funds in the market or the benefit derived from the customer relationship inherent in existing deposits. Accounts and Drafts Payable - The carrying amount approximates fair value. Accrued Interest - The carrying amount approximates fair value. There were no transfers between Levels 1 and 2 of the fair value hierarchy for the three months ended March 31, 2015 and 2014. No financial instruments are measured using Level 3 inputs for the three months ended March 31, 2015 and 2014. |
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Subsequent Events
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3 Months Ended |
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Mar. 31, 2015
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Subsequent Events [Abstract] | |
Subsequent Events | Note 13 Subsequent Events In accordance with FASB ASC 855, Subsequent Events, the Company has evaluated subsequent events after the consolidated balance sheet date of March 31, 2015, and there were no events identified that would require additional disclosures to prevent the Company's unaudited consolidated financial statements from being misleading. |
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Intangible Assets (Tables)
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Intangible Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Company's Intangible Assets |
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Earnings Per Share (Tables)
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Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Earnings Per Share |
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Industry Segment Information (Tables)
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Industry Segment Information [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Company's Operations in Each Segment |
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Loans by Type (Tables)
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Mar. 31, 2015
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Loans by Type [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Loan Categories |
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Schedule of the Aging Loans by Loan Categories |
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Schedule of Credit Exposure of the Loan Portfolio |
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Schedule of Recorded Investment and Unpaid Principal Balance for Impaired Loans |
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Summary of the Allowance for Loan Losses |
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Tabular disclosure for credit exposure of loan portfolio by internally assigned credit grade. No definition available.
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Tabular disclosure for loan categories. No definition available.
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Commitments and Contingencies (Tables)
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Summary of Contractual Cash Obligation of Operating Lease Commitments |
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Stock-Based Compensation (Tables)
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Summary of Restricted Stock Activity |
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Summary of SARs Activity |
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Summary of Non-vested SARs Activity |
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Schedule of Assumptions used in SARs Granted |
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Defined Pension Plans (Tables)
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Schedule of Net Periodic Pension Costs |
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Schedule of Unfunded Supplemental Executive Retirement Plan |
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Investment in Securities (Tables)
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Investment in Securities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Investment Securities |
|
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Schedule of the Fair Value of Securities with Unrealized Losses |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Amortized Cost and Fair Value of Investment |
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Fair Value of Financial Instruments (Tables)
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2015
|
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Fair Value of Financial Instruments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of the Fair Value of Financial Instruments |
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Intangible Assets (Narrative) (Details) (USD $)
|
3 Months Ended | |
---|---|---|
Mar. 31, 2015
|
Mar. 31, 2014
|
|
Finite-Lived Intangible Assets [Line Items] | ||
Amortization of intangible assets | $ 101,000 | $ 120,000 |
2015 | 405,000 | |
2016 | 405,000 | |
2017 | 353,000 | |
2018 | 353,000 | |
2019 | $ 353,000 | |
Customer Lists [Member] | Maximum [Member]
|
||
Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets amortization period | 10 years | |
Customer Lists [Member] | Minimum [Member]
|
||
Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets amortization period | 7 years | |
Patent [Member]
|
||
Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets amortization period | 18 years | |
Non-compete Agreements [Member]
|
||
Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets amortization period | 5 years | |
Software [Member]
|
||
Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets amortization period | 3 years | |
Other [Member]
|
||
Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets amortization period | 15 years |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Intangible Assets, Accumulated Amortization No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Earnings Per Share (Details) (USD $)
In Thousands, except Share data, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 31, 2015
|
Mar. 31, 2014
|
|
Basic | ||
Net income | $ 5,539 | $ 5,811 |
Weighted-average common shares outstanding | 11,440,356 | 11,478,116 |
Basic earnings per share | $ 0.48 | $ 0.51 |
Diluted | ||
Net Income | $ 5,539 | $ 5,811 |
Weighted-average common shares outstanding | 11,440,356 | 11,478,116 |
Effect of dilutive restricted stock, stock options and stock appreciation rights | 161,497 | 194,707 |
Weighted-average common shares outstanding assuming dilution | 11,601,853 | 11,672,823 |
Diluted earnings per share | $ 0.48 | $ 0.50 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Stock Repurchases (Details)
|
3 Months Ended | |
---|---|---|
Mar. 31, 2015
|
Mar. 31, 2014
|
|
Stock Repurchases [Abstract] | ||
Number of shares authorized to be repurchased | 500,000 | |
Shares repurchased | 69,288 | 0 |
Remaining number of shares available for repurchase | 410,752 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Industry Segment Information (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | ||
---|---|---|---|
Mar. 31, 2015
|
Mar. 31, 2014
|
Dec. 31, 2014
|
|
Fee revenue and other income: | |||
Income from customers | $ 29,793 | $ 28,722 | |
Intersegment income (expense) | |||
Net income | 5,539 | 5,811 | |
Goodwill | 11,590 | 11,590 | 11,590 |
Other intangible assets, net | 2,661 | 3,102 | |
Total assets | 1,400,748 | 1,341,927 | 1,500,731 |
Information Services [Member]
|
|||
Fee revenue and other income: | |||
Income from customers | 24,274 | 23,215 | |
Intersegment income (expense) | 2,194 | 2,144 | |
Net income | 3,816 | 4,100 | |
Goodwill | 11,454 | 11,454 | |
Other intangible assets, net | 2,661 | 3,102 | |
Total assets | 686,492 | 672,248 | |
Banking Services [Member]
|
|||
Fee revenue and other income: | |||
Income from customers | 5,519 | 5,507 | |
Intersegment income (expense) | 423 | 354 | |
Net income | 1,723 | 1,711 | |
Goodwill | 136 | 136 | |
Other intangible assets, net | |||
Total assets | 724,292 | 679,391 | |
Corporate Eliminations and Other [Member]
|
|||
Fee revenue and other income: | |||
Income from customers | |||
Intersegment income (expense) | (2,617) | (2,498) | |
Net income | |||
Goodwill | |||
Other intangible assets, net | |||
Total assets | $ (10,036) | $ (9,712) |
X | ||||||||||
- Definition
Amount of income from customers after provision for loan loss. No definition available.
|
X | ||||||||||
- Definition
Amount of intersegment income expense after provision for loan loss. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Loans by Type (Narrative) (Details) (USD $)
|
Mar. 31, 2015
|
Mar. 31, 2014
|
---|---|---|
Loans by Type [Abstract] | ||
Foreclosed loans amount |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Loans by Type (Summary of Loan Categories) (Details) (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2015
|
Dec. 31, 2014
|
---|---|---|
Participating Mortgage Loans [Line Items] | ||
Loans | $ 683,537 | $ 669,346 |
Commercial and Industrial [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Loans | 221,645 | 203,350 |
Real Estate Commercial Mortgage [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Loans | 111,709 | 117,754 |
Real Estate Commercial Construction [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Loans | ||
Real Estate Church Related Mortgage [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Loans | 311,100 | 305,887 |
Real Estate Church Related Construction [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Loans | 16,424 | 18,612 |
Industrial Revenue Bonds [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Loans | 22,582 | 23,348 |
Other Loan [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Loans | $ 77 | $ 395 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Loans by Type (Schedule of the Aging of Loans by Loan Categories) (Details) (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2015
|
Dec. 31, 2014
|
---|---|---|
Participating Mortgage Loans [Line Items] | ||
Current | $ 680,251 | $ 668,858 |
30-59 Days | ||
60-89 Days | ||
90 Days and over | ||
Nonaccrual | 3,286 | 488 |
Loans | 683,537 | 669,346 |
Commercial and Industrial [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Current | 221,557 | 203,350 |
30-59 Days | ||
60-89 Days | ||
90 Days and over | ||
Nonaccrual | 88 | |
Loans | 221,645 | 203,350 |
Real Estate Commercial Mortgage [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Current | 108,632 | 117,393 |
30-59 Days | ||
60-89 Days | ||
90 Days and over | ||
Nonaccrual | 3,077 | 361 |
Loans | 111,709 | 117,754 |
Real Estate Commercial Construction [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Current | ||
30-59 Days | ||
60-89 Days | ||
90 Days and over | ||
Nonaccrual | ||
Loans | ||
Real Estate Church Related Mortgage [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Current | 310,979 | 305,760 |
30-59 Days | ||
60-89 Days | ||
90 Days and over | ||
Nonaccrual | 121 | 127 |
Loans | 311,100 | 305,887 |
Real Estate Church Related Construction [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Current | 16,424 | 18,612 |
30-59 Days | ||
60-89 Days | ||
90 Days and over | ||
Nonaccrual | ||
Loans | 16,424 | 18,612 |
Industrial Revenue Bonds [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Current | 22,582 | 23,348 |
30-59 Days | ||
60-89 Days | ||
90 Days and over | ||
Nonaccrual | ||
Loans | 22,582 | 23,348 |
Other [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Current | 77 | 395 |
30-59 Days | ||
60-89 Days | ||
90 Days and over | ||
Nonaccrual | ||
Loans | $ 77 | $ 395 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Loans by Type (Schedule of the Credit Exposure of the Loan Portfolio) (Details) (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2015
|
Dec. 31, 2014
|
||||||
---|---|---|---|---|---|---|---|---|
Participating Mortgage Loans [Line Items] | ||||||||
Loans | $ 683,537 | $ 669,346 | ||||||
Loans Subject To Normal Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | 664,059 | [1] | 649,508 | [1] | ||||
Performing Loans Subject To Special Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | 16,192 | [2] | 19,350 | [2] | ||||
Nonperforming Loans Subject To Special Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | 3,286 | [2] | 488 | [2] | ||||
Commercial and Industrial [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | 221,645 | 203,350 | ||||||
Commercial and Industrial [Member] | Loans Subject To Normal Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | 217,740 | [1] | 199,837 | [1] | ||||
Commercial and Industrial [Member] | Performing Loans Subject To Special Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | 3,817 | [2] | 3,513 | [2] | ||||
Commercial and Industrial [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | 88 | [2] | [2] | |||||
Real Estate Commercial Mortgage [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | 111,709 | 117,754 | ||||||
Real Estate Commercial Mortgage [Member] | Loans Subject To Normal Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | 97,709 | [1] | 103,097 | [1] | ||||
Real Estate Commercial Mortgage [Member] | Performing Loans Subject To Special Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | 10,923 | [2] | 14,296 | [2] | ||||
Real Estate Commercial Mortgage [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | 3,077 | [2] | 361 | [2] | ||||
Real Estate Commercial Construction [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | ||||||||
Real Estate Commercial Construction [Member] | Loans Subject To Normal Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | [1] | [1] | ||||||
Real Estate Commercial Construction [Member] | Performing Loans Subject To Special Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | [2] | [2] | ||||||
Real Estate Commercial Construction [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | [2] | [2] | ||||||
Real Estate Church Related Mortgage [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | 311,100 | 305,887 | ||||||
Real Estate Church Related Mortgage [Member] | Loans Subject To Normal Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | 309,527 | [1] | 304,219 | [1] | ||||
Real Estate Church Related Mortgage [Member] | Performing Loans Subject To Special Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | 1,452 | [2] | 1,541 | [2] | ||||
Real Estate Church Related Mortgage [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | 121 | [2] | 127 | [2] | ||||
Real Estate Church Related Construction [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | 16,424 | 18,612 | ||||||
Real Estate Church Related Construction [Member] | Loans Subject To Normal Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | 16,424 | [1] | 18,612 | [1] | ||||
Real Estate Church Related Construction [Member] | Performing Loans Subject To Special Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | [2] | [2] | ||||||
Real Estate Church Related Construction [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | [2] | [2] | ||||||
Industrial Revenue Bonds [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | 22,582 | 23,348 | ||||||
Industrial Revenue Bonds [Member] | Loans Subject To Normal Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | 22,582 | [1] | 23,348 | [1] | ||||
Industrial Revenue Bonds [Member] | Performing Loans Subject To Special Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | [2] | [2] | ||||||
Industrial Revenue Bonds [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | [2] | [2] | ||||||
Other [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | 77 | 395 | ||||||
Other [Member] | Loans Subject To Normal Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | 77 | [1] | 395 | [1] | ||||
Other [Member] | Performing Loans Subject To Special Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | [2] | [2] | ||||||
Other [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
|
||||||||
Participating Mortgage Loans [Line Items] | ||||||||
Loans | [2] | [2] | ||||||
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Loans by Type (Schedule of Recorded Investment and Unpaid Principal for Impaired Loans) (Details) (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2015
|
Dec. 31, 2014
|
---|---|---|
Participating Mortgage Loans [Line Items] | ||
Nonaccrual | $ 3,286 | $ 488 |
Recorded Investment [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Nonaccrual | 3,286 | 488 |
Upaid Principal Balance [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Nonaccrual | 3,286 | 488 |
Related Allowance for Loan Losses [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Nonaccrual | 1,248 | 127 |
Commercial and Industrial [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Nonaccrual | 88 | |
Commercial and Industrial [Member] | Recorded Investment [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Nonaccrual | 88 | |
Commercial and Industrial [Member] | Upaid Principal Balance [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Nonaccrual | 88 | |
Commercial and Industrial [Member] | Related Allowance for Loan Losses [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Nonaccrual | ||
Real Estate Commercial Mortgage [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Nonaccrual | 3,077 | 361 |
Real Estate Commercial Mortgage [Member] | Recorded Investment [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Nonaccrual | 3,077 | 361 |
Real Estate Commercial Mortgage [Member] | Upaid Principal Balance [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Nonaccrual | 3,077 | 361 |
Real Estate Commercial Mortgage [Member] | Related Allowance for Loan Losses [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Nonaccrual | 1,127 | |
Real Estate Church Related Mortgage [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Nonaccrual | 121 | 127 |
Real Estate Church Related Mortgage [Member] | Recorded Investment [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Nonaccrual | 121 | 127 |
Real Estate Church Related Mortgage [Member] | Upaid Principal Balance [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Nonaccrual | 121 | 127 |
Real Estate Church Related Mortgage [Member] | Related Allowance for Loan Losses [Member]
|
||
Participating Mortgage Loans [Line Items] | ||
Nonaccrual | $ 121 | $ 127 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Loans by Type (Summary of Allowance for Loan Losses) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended |
---|---|
Mar. 31, 2015
|
|
Participating Mortgage Loans [Line Items] | |
Beginning Balance | $ 11,894 |
Charge-Offs | |
Recoveries | 4 |
Provision | |
Ending Balance | 11,898 |
Commercial and Industrial [Member]
|
|
Participating Mortgage Loans [Line Items] | |
Beginning Balance | 3,515 |
Charge-Offs | |
Recoveries | 3 |
Provision | 323 |
Ending Balance | 3,841 |
Real Estate Commercial Mortgage [Member]
|
|
Participating Mortgage Loans [Line Items] | |
Beginning Balance | 3,060 |
Charge-Offs | |
Recoveries | |
Provision | (152) |
Ending Balance | 2,908 |
Real Estate Commercial Construction [Member]
|
|
Participating Mortgage Loans [Line Items] | |
Beginning Balance | |
Charge-Offs | |
Recoveries | |
Provision | |
Ending Balance | |
Real Estate Church Related Mortgage [Member]
|
|
Participating Mortgage Loans [Line Items] | |
Beginning Balance | 4,016 |
Charge-Offs | |
Recoveries | 1 |
Provision | 56 |
Ending Balance | 4,073 |
Real Estate Church Related Construction [Member]
|
|
Participating Mortgage Loans [Line Items] | |
Beginning Balance | 140 |
Charge-Offs | |
Recoveries | |
Provision | (17) |
Ending Balance | 123 |
Industrial Revenue Bond [Member]
|
|
Participating Mortgage Loans [Line Items] | |
Beginning Balance | 394 |
Charge-Offs | |
Recoveries | |
Provision | (13) |
Ending Balance | 381 |
Other [Member]
|
|
Participating Mortgage Loans [Line Items] | |
Beginning Balance | 769 |
Charge-Offs | |
Recoveries | |
Provision | (197) |
Ending Balance | $ 572 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Commitments and Contingencies (Narrative) (Details) (USD $)
|
Mar. 31, 2015
|
---|---|
Commitments and Contingencies [Abstract] | |
Unused loan commitments | $ 12,917,000 |
Standby letters of credit | 11,754,000 |
Commercial letters of credit | $ 2,017,000 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Commitments and Contingencies (Summary of Company's Contractual Cash Obligations) (Details) (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2015
|
---|---|
Commitments and Contingencies [Abstract] | |
Operating lease commitments, Total | $ 7,161 |
Operating lease commitments, Less than 1 Year | 1,343 |
Operating lease commitments, 1 to 3 Years | 2,409 |
Operating lease commitments, 3 to 5 Years | 1,545 |
Operating lease commitments, Over 5 Years | 1,864 |
Time Deposits, Total | 75,712 |
Time Deposits, Less than 1 Year | 60,779 |
Time Deposits, 1 to 3 Years | 13,486 |
Time Deposits, 3 to 5 Years | 1,447 |
Time Deposits, over 5 Years | |
Commitments, Total | 82,873 |
Commitments, Less than 1 Year | 62,122 |
Commitments, 1 to 3 Years | 15,895 |
Commitments, 3 to 5 Years | 2,992 |
Commitments, Over 5 Years | $ 1,864 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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- Definition
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- Definition
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- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Stock-Based Compensation (Narrative) (Details) (USD $)
|
3 Months Ended |
---|---|
Mar. 31, 2015
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Equity Incentive Plan, shares authorized | 1,500,000 |
Restricted Stock [Member]
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Unrecognized compensation cost | $ 2,578,000 |
Remaining vesting period | 1 year 3 months 18 days |
Vesting period | 3 years |
Granted, Shares | 35,657 |
SARs [Member]
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Unrecognized compensation cost | $ 661,000 |
Remaining vesting period | 9 months 18 days |
Vesting period | 3 years |
Granted, Shares | 0 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Stock-Based Compensation (Summary of Restricted Stock Activity) (Details) (Restricted Stock [Member], USD $)
|
3 Months Ended |
---|---|
Mar. 31, 2015
|
|
Restricted Stock [Member]
|
|
Shares | |
Beginning balance | 51,161 |
Granted | 35,657 |
Vested | (20,441) |
Ending balance | 66,377 |
Fair Value | |
Beginning balance | $ 48.13 |
Granted | $ 50.55 |
Vested | $ 43.97 |
Ending balance | $ 50.71 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Stock-Based Compensation (Summary of Company's SARs Activity) (Details) (SARs [Member], USD $)
In Thousands, except Share data, unless otherwise specified |
3 Months Ended | 12 Months Ended |
---|---|---|
Mar. 31, 2015
|
Dec. 31, 2014
|
|
SARs [Member]
|
||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Beginning balance | 353,955 | |
Exercised, Shares | (35,511) | |
Ending balance | 318,444 | 353,955 |
Exercisable, Shares | 264,976 | |
Outstanding, Weighted Average Exercise Price | $ 35.52 | |
Exercised, Weighted Average Exercise Price | $ 28.20 | |
Outstanding, Weighted Average Exercise Price | $ 36.33 | $ 35.52 |
Exercisable, Weighted Average Exercise Price | $ 33.34 | |
Outstanding, Average Remaining Contractual Term Years | 6 years 8 months 16 days | 6 years 9 months 7 days |
Outstanding, Average Remaining Contractual Term Years | 6 years 8 months 16 days | 6 years 9 months 7 days |
Exercisable, Average Remaining Contractual Term Years | 6 years 4 months 13 days | |
Outstanding, Aggregate Intrinsic Value | $ 6,277 | |
Outstanding, Aggregate Intrinsic Value | 6,307 | 6,277 |
Exercisable, Aggregate Intrinsic Value | $ 6,043 |
X | ||||||||||
- Definition
The weighted average period between the balance sheet date and expiration for all vested portions of options outstanding and currently exercisable (or convertible) under the plan, which may be expressed in a decimal value for number of years. No definition available.
|
X | ||||||||||
- Definition
The weighted average period between the balance sheet date and expiration for all awards outstanding under the plan, which may be expressed in a decimal value for number of years. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Stock-Based Compensation (Summary of Company's Non-vested SARs Activity) (Details) (SARs [Member], USD $)
|
3 Months Ended |
---|---|
Mar. 31, 2015
|
|
SARs [Member]
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Non-vested, beginning, Shares | 124,982 |
Vested | (71,514) |
Non-vested, ending, Shares | 53,468 |
Beginning balance | $ 45.85 |
Vested | $ 4,187 |
Ending balance | $ 51.19 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Stock-Based Compensation (Schedule of SARs Assumptions) (Details) (SARs [Member])
|
3 Months Ended |
---|---|
Mar. 31, 2014
|
|
SARs [Member]
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Risk free interest rate | 2.38% |
Expected life | 7 years |
Expected volatility | 28.11% |
Expected dividend yield | 1.30% |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Defined Pension Plans (Narrative) (Details) (USD $)
|
3 Months Ended | |
---|---|---|
Mar. 31, 2015
|
Mar. 31, 2014
|
|
Defined Benefit Plan Disclosure [Line Items] | ||
Pension period | 30 years | |
Defined Benefit Pension Plan [Member]
|
||
Defined Benefit Plan Disclosure [Line Items] | ||
Pension costs | $ 991,000 | $ 410,000 |
Unfunded Supplemental Executive Retirement Plan [Member]
|
||
Defined Benefit Plan Disclosure [Line Items] | ||
Pension costs | $ 285,000 | $ 236,000 |
X | ||||||||||
- Definition
Defined Benefit Plan, Pension Period No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Defined Pension Plans (Schedule of Net Periodic Pension Costs) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 31, 2015
|
Mar. 31, 2014
|
|
Defined Benefit Pension Plan [Member]
|
||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost - benefits earned during the year | $ 3,977 | $ 3,003 |
Interest cost on projected benefit obligation | 3,217 | 3,037 |
Expected return on plan assets | (4,863) | (4,711) |
Net amortization | 1,605 | 244 |
Net periodic pension cost | 3,936 | 1,573 |
Unfunded Supplemental Executive Retirement Plan [Member]
|
||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost - benefits earned during the year | 140 | 136 |
Interest cost on projected benefit obligation | 348 | 377 |
Net amortization | 654 | 431 |
Net periodic pension cost | $ 1,142 | $ 944 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Income Taxes (Details) (USD $)
|
3 Months Ended | |
---|---|---|
Mar. 31, 2015
|
Mar. 31, 2014
|
|
Income Taxes [Line Items] | ||
Amounts of tax benefits that would affect effective tax rate if recognized | $ 876,000 | $ 819,000 |
Income tax accrued interest | 54,000 | 45,000 |
Unrecognized tax benefits | 1,191,000 | 1,117,000 |
Statute of limitations | $ 210,000 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Investment in Securities (Narrative) (Details) (USD $)
|
3 Months Ended | |
---|---|---|
Mar. 31, 2015
|
Dec. 31, 2014
|
|
Investment in Securities [Abstract] | ||
Number of securities that had an unrealized loss | 8 | 20 |
Percentage of total securities | 2.00% | 6.00% |
Proceeds from sales of securities available-for-sale | $ 45,198,000 | |
Gross realized gains | 949,000 | |
Securities pledged as collateral | $ 3,750,000 |
X | ||||||||||
- Definition
The percentage of the number of investment positions in the available-for-sale investments determined to be temporarily impaired. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Investment in Securities (Schedule of Investement Securities) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended |
---|---|---|
Mar. 31, 2015
|
Dec. 31, 2014
|
|
Investment [Line Items] | ||
Amortized Cost | $ 308,191 | $ 342,219 |
Gross Unrealized Losses | 14,497 | 14,120 |
Gross Unrealized Gains | 61 | 198 |
Fair Value | 322,627 | 356,141 |
State and Political Subdivisions [Member]
|
||
Investment [Line Items] | ||
Amortized Cost | 304,441 | 338,469 |
Gross Unrealized Losses | 14,497 | 14,120 |
Gross Unrealized Gains | 61 | 198 |
Fair Value | 318,877 | 352,391 |
Certificates Of deposit [Member]
|
||
Investment [Line Items] | ||
Amortized Cost | 3,750 | 3,750 |
Gross Unrealized Losses | ||
Gross Unrealized Gains | ||
Fair Value | $ 3,750 | $ 3,750 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Investment in Securities (Schedule of the Fair Values of Securities with Unrealized Losses) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended |
---|---|---|
Mar. 31, 2015
|
Dec. 31, 2014
|
|
Investment [Line Items] | ||
Estimated fair value, less than 12 months | $ 8,354 | $ 8,700 |
Estimated fair value, 12 months or more | 1,220 | 13,833 |
Estimated fair value, total | 9,574 | 22,533 |
Unrealized losses, 12 months or more | 40 | 15 |
Unrealized losses, less than 12 months | 21 | 183 |
Unrealized losses, total | 61 | 198 |
State and Political Subdivisions [Member]
|
||
Investment [Line Items] | ||
Estimated fair value, less than 12 months | 8,354 | 8,700 |
Estimated fair value, 12 months or more | 1,220 | 13,833 |
Estimated fair value, total | 9,574 | 22,533 |
Unrealized losses, 12 months or more | 40 | 15 |
Unrealized losses, less than 12 months | 21 | 183 |
Unrealized losses, total | 61 | 198 |
Certificates Of deposit [Member]
|
||
Investment [Line Items] | ||
Estimated fair value, less than 12 months | ||
Estimated fair value, 12 months or more | ||
Estimated fair value, total | ||
Unrealized losses, 12 months or more | ||
Unrealized losses, less than 12 months | ||
Unrealized losses, total |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Investment in Securities (Schedule of Amortized Cost and Fair Value of Investment Securities) (Details) (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2015
|
Dec. 31, 2014
|
---|---|---|
Investment in Securities [Abstract] | ||
Amortized Cost, Due in 1 year or less | $ 29,318 | |
Amortized Cost, Due after 1 year through 5 years | 88,584 | |
Amortized Cost, Due after 5 years through 10 years | 130,196 | |
Amortized Cost, Due after 10 years | 60,093 | |
Amortized Cost, Total | 308,191 | |
Fair Value, Due in 1 year or less | 29,603 | |
Fair Value, Due after 1 year through 5 years | 92,912 | |
Fair Value, Due after 5 years through 10 years | 136,890 | |
Fair Value, Due after 10 years | 63,222 | |
Fair Value, Total | $ 322,627 | $ 356,141 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Fair Value of Financial Instruments (Details) (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2015
|
Dec. 31, 2014
|
Mar. 31, 2014
|
Dec. 31, 2013
|
---|---|---|---|---|
Derivatives, Fair Value [Line Items] | ||||
Cash and cash equivalents, Carrying Amount | $ 208,515 | $ 294,335 | $ 199,161 | $ 225,262 |
Investment securities, Carrying Amount | 322,627 | 356,141 | ||
Loans, net, Carrying Amount | 671,639 | 657,452 | ||
Accrued interest receivable, Carrying Amount | 5,117 | 6,521 | ||
Assets, Carrying Amount | 1,207,898 | 1,314,449 | ||
Cash and cash equivalents, Fair Value | 208,515 | 294,335 | ||
Investment securities, Fair Value | 322,627 | 356,141 | ||
Loans, net, Fair Value | 679,017 | 663,247 | ||
Accrued interest receivable, Fair Value | 5,117 | 6,521 | ||
Assets, Fair Value | 1,215,276 | 1,320,244 | ||
Deposits | 615,078 | 618,199 | ||
Accounts and drafts payable | 556,826 | 655,428 | ||
Accrued interest payable, Carrying Amount | 66 | 57 | ||
Liabilities, Carrying Amount | 1,171,970 | 1,273,684 | ||
Deposits, Fair Value | 615,651 | 618,199 | ||
Accounts and drafts payable, Fair Value | 556,826 | 655,928 | ||
Accrued interest payable, Fair Value | 66 | 57 | ||
Liabilities, Fair Value | $ 1,172,543 | $ 1,274,184 |
X | ||||||||||
- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business and includes carrying value of amounts due on drafts payable on the balance sheet date. No definition available.
|
X | ||||||||||
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents the amount of accounts and drafts payable existing as of the balance sheet date. No definition available.
|
X | ||||||||||
- Definition
This element represents the aggregate of the assets reported at period end of carrying value. No definition available.
|
X | ||||||||||
- Definition
This element represents the aggregate of the liabilities reported on the carrying value of the entity. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|