0001140361-21-036788 | 10-Q | XBRL Viewer

$ 49,946

$ 56,006

Cash and Cash Equivalents

75,675

62,699

125,621

118,705

Federal Home Loan Bank and Federal Reserve Bank stock, at cost

1,348,378

1,072,159

18,427

Loans held for sale, carried at fair value

78,731

92,434

Loans

2,883,978

^[1]

(46,799)

2,837,179

Loans

^[1]

2,733,678

^[1]

(35,429)

Other real estate and repossessed assets, net

2,698,249

224

766

Property and equipment, net

36,623

36,127

Bank-owned life insurance

55,124

55,180

Capitalized mortgage loan servicing rights, carried at fair value

24,208

16,904

Other intangibles

3,579

4,306

Goodwill

28,300

Accrued income and other assets

65,946

62,456

Savings and interest-bearing checking

4,622,340

4,204,013

Deposits

Non-interest bearing

1,297,096

1,153,473

1,803,763

1,526,465

Reciprocal

596,193

556,185

Time

312,085

287,402

Brokered time

2,931

113,830

Total Deposits

4,012,068

3,637,355

30,007

30,012

39,338

39,281

Accrued expenses and other liabilities

39,575

39,524

101,321

68,319

Commitments and contingent liabilities

4,222,309

3,814,491

Shareholders' Equity

Preferred stock, no par value, 200,000 shares authorized; none issued or outstanding

Common stock, no par value, 500,000,000 shares authorized; issued and outstanding: 21,321,092 shares at September 30, 2021 and 21,853,800 shares at December 31, 2020

326,390

339,353

Accumulated other comprehensive income

66,543

40,145

7,098

10,024

Total Shareholders' Equity

400,031

389,522

4,622,340

4,204,013

Loans

1,222,802

(9,876)

Loans

^[1]

1,242,415

^[1]

(7,401)

Loans

^[2]

1,100,992

(19,175)

Loans

^[1]

1,015,926

^[1]

(6,998)

Loans

^[2]

560,184

$ (4,061)

Loans

^[1]

475,337

Interest and fees on loans

^[1]

$ (1,112)

[1]	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.
[2]	Credit scores have been updated within the last twelve months.

Condensed Consolidated Statements of Financial Condition (Parenthetical) - $ / shares	Sep. 30, 2021	Dec. 31, 2020
Shareholders' Equity
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	200,000	200,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	21,321,092	21,853,800
Common stock, shares outstanding (in shares)	21,321,092	21,853,800

Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2021

Sep. 30, 2020

Sep. 30, 2021

Sep. 30, 2020

Interest Income

$ 30,132

$ 30,393

$ 86,328

$ 92,020

Interest on securities available for sale

Taxable

3,922

3,450

10,374

9,356

Tax-exempt

1,597

954

4,525

2,137

Other investments

204

237

629

854

Total Interest Income

35,855

35,034

101,856

104,367

Interest Expense

Deposits

1,090

2,062

3,488

9,150

Other borrowings and subordinated debt and debentures

962

1,006

2,888

2,598

Total Interest Expense

2,052

3,068

6,376

11,748

Net Interest Income

33,803

31,966

95,480

92,619

^[1]

(659)

(2,558)

Net Interest Income After Provision for Credit Losses

^[1]

975

12,884

34,462

30,991

98,038

79,735

Non-interest Income

Interchange income

4,237

3,428

10,739

8,411

Service charges on deposit accounts

2,944

2,085

7,178

6,299

Net gains on assets

Mortgage loans

8,361

20,205

30,280

46,687

Mortgage loan servicing, net

1,421

253

1,271

(644)

4,476

(8,966)

Other

2,877

1,937

6,778

5,698

Total Non-interest Income

19,695

27,011

60,872

58,382

Non-interest Expense

Compensation and employee benefits

21,659

21,954

60,064

54,742

Data processing

3,022

2,215

7,972

6,160

Occupancy, net

2,082

2,199

6,578

6,818

Interchange expense

1,202

831

3,351

2,416

Furniture, fixtures and equipment

1,075

999

3,112

3,125

Loan and collection

735

768

2,353

2,329

Communications

683

806

2,341

2,409

Conversion related expenses

275

643

1,636

1,045

Legal and professional

513

566

1,534

1,427

Advertising

666

589

1,319

1,636

FDIC deposit insurance

346

411

983

1,211

Other

2,254

1,660

5,826

6,388

Total Non-interest Expense

34,512

33,641

97,069

89,706

Income Before Income Tax

19,645

24,361

61,841

48,411

Income tax expense

3,683

4,777

11,454

9,245

Net Income

$ 15,962

$ 19,584

$ 50,387

$ 39,166

Net Income Per Common Share

Basic (in dollars per share)

^[2]

$ 0.74

$ 0.90

$ 2.32

$ 1.78

Diluted (in dollars per share)

$ 0.73

$ 0.89

$ 2.30

$ 1.76

[1]	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.
[2]	Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Condensed Consolidated Statements of Comprehensive Income [Abstract]
Net income	$ 15,962	$ 19,584	$ 50,387	$ 39,166
Securities available for sale
Unrealized gains (losses) arising during period	(1,663)	2,675	(2,282)	12,599
Change in unrealized gains and losses for which a portion of other than temporary impairment has been recognized in earnings	0	15	0	(66)
Reclassification adjustments for gains included in earnings	(5)	0	(1,421)	(253)
Unrealized gains (losses) recognized in other comprehensive income (loss) on securities available for sale	(1,668)	2,690	(3,703)	12,280
Income tax expense (benefit)	(350)	565	(777)	2,579
Unrealized gains (losses) recognized in other comprehensive income (loss) on securities available for sale, net of tax	(1,318)	2,125	(2,926)	9,701
Derivative instruments
Unrealized losses arising during period	0	(26)	0	(354)
Reclassification adjustment for expense recognized in earnings	0	310	0	646
Unrealized gains recognized in other comprehensive income (loss) on derivative instruments	0	284	0	292
Income tax expense	0	59	0	61
Unrealized gains recognized in other comprehensive income (loss) on derivative instruments, net of tax	0	225	0	231
Other comprehensive income (loss)	(1,318)	2,350	(2,926)	9,932
Comprehensive income	$ 14,644	$ 21,934	$ 47,461	$ 49,098

Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands

9 Months Ended

Sep. 30, 2021

Sep. 30, 2020

Condensed Consolidated Statements of Cash Flows [Abstract]

Net Income

$ 50,387

$ 39,166

Adjustments to Reconcile Net Income to Net Cash From Operating Activities

Proceeds from sales of loans held for sale

986,440

1,074,284

Disbursements for loans held for sale

(952,038)

(1,057,544)

^[1]

(2,558)

Deferred income tax expense (benefit)

^[1]

12,884

820

(2,140)

Net deferred loan fees (costs)

(5,208)

5,227

Net depreciation, amortization of intangible assets and premiums and accretion of discounts on securities and loans

9,276

5,962

Net gains on mortgage loans

(30,280)

(46,687)

Net gains on securities available for sale

(1,421)

(253)

Share based compensation

1,446

1,506

Increase in accrued income and other assets

(10,537)

(1,564)

Increase in accrued expenses and other liabilities

9,585

7,397

Total Adjustments

5,525

(928)

Net Cash From Operating Activities

55,912

38,238

Cash Flow Used in Investing Activities

Proceeds from the sale of securities available for sale

81,683

36,593

Proceeds from maturities, prepayments and calls of securities available for sale

306,515

197,098

Purchases of securities available for sale

(648,113)

(639,166)

Proceeds from the maturity of interest bearing deposits - time

350

Purchase of Federal Home Loan Bank stock

(68)

Net increase in portfolio loans (loans originated, net of principal payments)

(142,164)

(167,506)

Proceeds from the sale of portfolio loans

9,581

2,395

Proceeds from bank-owned life insurance

467

1,441

Proceeds from the sale of other real estate and repossessed assets

960

564

Capital expenditures

(4,538)

(2,603)

Net Cash Used in Investing Activities

(395,609)

(570,902)

Cash Flow From Financing Activities

Net increase in total deposits

374,713

561,018

Net decrease in other borrowings

(5)

(25,001)

Proceeds from Federal Home Loan Bank Advances

239,254

Payments of Federal Home Loan Bank Advances

(272,910)

Proceeds from issuance of subordinated debt, net of issuance costs

39,236

Dividends paid

(13,686)

(13,239)

Proceeds from issuance of common stock

Repurchase of common stock

(13,773)

(13,784)

Share based compensation withholding obligation

(691)

(669)

Net Cash From Financing Activities

346,613

513,916

Net Increase (Decrease) in Cash and Cash Equivalents

6,916

(18,748)

Cash and Cash Equivalents at Beginning of Period

118,705

65,304

Cash and Cash Equivalents at End of Period

125,621

46,556

Cash paid during the period for

Interest

5,865

11,636

Income taxes

12,059

10,500

Operating leases

1,307

1,357

Transfers to other real estate and repossessed assets

216

332

Purchase of securities available for sale not yet settled

28,078

23,844

Securitization of portfolio loans

26,325

Right of use assets obtained in exchange for lease obligations

$ 283

$ 279

[1]	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total	Cumulative Change, Adjusted Balance [Member] Common Stock [Member]	Cumulative Change, Adjusted Balance [Member] Retained Earnings [Member]	Cumulative Change, Adjusted Balance [Member] Accumulated Other Comprehensive Income (Loss) [Member]	Cumulative Change, Adjusted Balance [Member]	Cumulative Change, Adjustment [Member] Common Stock [Member]	Cumulative Change, Adjustment [Member] Retained Earnings [Member]	Cumulative Change, Adjustment [Member] Accumulated Other Comprehensive Income (Loss) [Member]	Cumulative Change, Adjustment [Member]
Balance at beginning of period at Dec. 31, 2019	$ 352,344	$ 1,611	$ (3,786)	$ 350,169
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	39,166	0	39,166
Cash dividends declared	0	(13,239)	0	(13,239)
Repurchase of common stock	(13,784)	0	0	(13,784)
Issuance of common stock	11	0	0	11
Share based compensation	1,506	0	0	1,506
Share based compensation withholding obligation	(669)	0	0	(669)
Other comprehensive income (loss)	0	0	9,932	9,932
Balances at end of period at Sep. 30, 2020	339,408	27,538	6,146	373,092
Balance at beginning of period at Jun. 30, 2020	338,989	12,338	3,796	355,123
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	19,584	0	19,584
Cash dividends declared	0	(4,384)	0	(4,384)
Share based compensation	497	0	0	497
Share based compensation withholding obligation	(78)	0	0	(78)
Other comprehensive income (loss)	0	0	2,350	2,350
Balances at end of period at Sep. 30, 2020	339,408	27,538	6,146	373,092
Balance at beginning of period at Dec. 31, 2020	339,353	40,145	10,024	389,522	$ 339,353	$ 29,842	$ 10,024	$ 379,219
Balance at beginning of period (ASU 2016-13 [Member]) at Dec. 31, 2020									$ 0	$ (10,303)	$ 0	$ (10,303)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	50,387	0	50,387
Cash dividends declared	0	(13,686)	0	(13,686)
Repurchase of common stock	(13,773)	0	0	(13,773)
Issuance of common stock	55	0	0	55
Share based compensation	1,446	0	0	1,446
Share based compensation withholding obligation	(691)	0	0	(691)
Other comprehensive income (loss)	0	0	(2,926)	(2,926)
Balances at end of period at Sep. 30, 2021	326,390	66,543	7,098	400,031
Balance at beginning of period at Jun. 30, 2021	332,457	55,101	8,416	395,974
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	15,962	0	15,962
Cash dividends declared	0	(4,520)	0	(4,520)
Repurchase of common stock	(6,488)	0	0	(6,488)
Issuance of common stock	6	0	0	6
Share based compensation	499	0	0	499
Share based compensation withholding obligation	(84)	0	0	(84)
Other comprehensive income (loss)	0	0	(1,318)	(1,318)
Balances at end of period at Sep. 30, 2021	$ 326,390	$ 66,543	$ 7,098	$ 400,031

Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Condensed Consolidated Statements of Shareholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.21	$ 0.20	$ 0.63	$ 0.60
Repurchase of shares of common stock (in shares)	315,345		659,350	678,929
Issuance of shares of common stock (in shares)	1,200		38,650	11,917
Share based compensation, common stock (in shares)	6,268	10,583	124,214	104,465
Share based compensation withholding obligation, common stock (in shares)	3,943	5,398	36,222	33,728

Preparation of Financial Statements

9 Months Ended

Sep. 30, 2021

Preparation of Financial Statements [Abstract]

Preparation of Financial Statements

1.	Preparation of Financial Statements

The condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted pursuant to those rules and regulations, although we believe that the disclosures made are adequate to make the information not misleading. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes for the year ended December 31, 2020 included in our Annual Report on Form 10-K.

In our opinion, the accompanying unaudited condensed consolidated financial statements contain all the adjustments necessary to present fairly our consolidated financial condition as of September 30, 2021 and December 31, 2020, and the results of operations for the three and nine-month periods ended September 30, 2021 and 2020. The results of operations for the three and nine-month periods ended September 30, 2021, are not necessarily indicative of the results to be expected for the full year. Certain reclassifications have been made in the prior period condensed consolidated financial statements to conform to the current period presentation. Our critical accounting policies include the determination of the allowance for credit losses (“ACL”) and the valuation of capitalized mortgage loan servicing rights. Refer to our 2020 Annual Report on Form 10-K for a disclosure of our accounting policies.

New Accounting Standards

9 Months Ended

Sep. 30, 2021

New Accounting Standards

2.	New Accounting Standards

In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, ‘‘Financial Instruments — Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments’’. This ASU significantly changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income.

This ASU:

•

Replaces the existing incurred loss impairment guidance and establishes a single allowance framework for financial assets carried at amortized cost, which will reflect our estimate of credit losses over the full remaining expected life of the financial assets and will consider expected future changes in macroeconomic conditions.

•

Eliminates existing guidance for purchase credit impaired (‘‘PCI’’) loans, and requires recognition of the nonaccretable difference as an increase to the allowance for expected credit losses on financial assets purchased with more than insignificant credit deterioration since origination, which will be offset by an increase in the recorded investment of the related loans.

•

Requires inclusion of expected recoveries, limited to the cumulative amount of prior write-offs, when estimating the ACL for in scope financial assets (including collateral dependent assets).

•

Amends existing impairment guidance for securities available for sale to incorporate an allowance, which will allow for reversals of credit impairments in the event that the credit of an issuer improves. Credit losses on securities available for sale are limited to the amount of the decline in fair value regardless of what the credit loss model would show for impairment.

•

Generally requires a cumulative-effect adjustment to retained earnings as of the beginning of the reporting period of adoption.

We began evaluating this ASU in 2016 and established a company-wide, cross-discipline governance structure, which provides implementation oversight. We continued to test and refine our current expected credit loss (“CECL”) models that satisfied the requirements of this ASU. Oversight and testing, as well as efforts to meet expanded disclosure requirements, extended through the end of 2020. We currently estimate losses over approximately a one year forecast period using external economic forecast sources, including the Federal Open Market Committee median economic projections, and then revert to longer term historical loss experience to estimate losses over more extended periods. We were originally required to adopt this ASU on January 1, 2020 but section 4014 of the Coronavirus Aid, Relief, and Economic Security (‘‘CARES’’) Act allowed for temporary relief from applying this ASU. Under the amended CARES Act we were allowed to delay the adoption of this ASU until the earlier of the termination of the national emergency that was declared on March 13, 2020, or January 1, 2022. Early adoption was also allowed on either January 1, 2020 or January 1, 2021. As such, we chose to delay the adoption of this ASU during 2020 and adopted this ASU on January 1, 2021. Results for the reporting periods after January 1, 2021 are presented under this new ASU while prior period amounts continue to be reported in accordance with previously applicable accounting guidance.

We adopted this ASU using the modified retrospective method for all financial assets measured at amortized cost and unfunded lending commitments. As of January 1, 2021 we increased the ACL by $11.7 million which was primarily driven by the longer contractual maturities of our mortgage and consumer installment loan portfolio segments. In addition, we increased the allowance for losses related to unfunded loan commitments by $1.5 million. The ultimate impact of adopting this ASU, and at each subsequent reporting period, is highly dependent on credit quality, economic forecasts and conditions, composition of our loan portfolios and securities available for sale, along with other management judgments. As of January 1, 2021, we recorded a cumulative-effect adjustment of $10.3 million to decrease retained earnings.

Based on our evaluation of securities available for sale, we did not record an ACL on these securities under this ASU.

We adopted this ASU using the prospective transition approach for financial assets purchased with credit deterioration (“PCD”) that were previously classified as PCI and accounted for under accounting standards codification (“ASC”) 310-30. In accordance with this ASU, we did not reassess whether PCI assets met the definition of PCD assets as of the date of adoption. On January 1, 2021, the amortized cost basis of the PCD assets were adjusted to reflect the addition of $0.13 million to the ACL for loans. The remaining noncredit discount in the amount of $0.34 million (based on the adjusted amortized cost basis) will be accreted into interest income at the effective interest rate as of January 1, 2021.

The impact of the adoption of this ASU follows:

	As Reported Under ASU 2016-13			Pre-ASU 2016-13 Adoption			Impact of ASU 2016-13
Assets
Loans
Commercial	$	1,242,510		$	1,242,415		$	95
Mortgage		1,015,944			1,015,926			18
Installment		475,358			475,337			21
Total loans		2,733,812			2,733,678			134
Allowance for credit losses		(47,137	)		(35,429	)		(11,708	)
Net loans	$	2,686,675		$	2,698,249		$	(11,574	)
Deferred tax assets (1)	$	65,196		$	62,456		$	2,740
Total Assets	$	4,195,179		$	4,204,013		$	(8,834	)

Liabilities and shareholders's equity
Allowance for credit losses on unfunded lending commitments (2)	$	3,274		$	1,805		$	1,469
Total liabilities	$	3,815,960		$	3,814,491		$	1,469
Retained earnings	$	29,842		$	40,145		$	(10,303	)
Total shareholders' equity	$	379,219		$	389,522		$	(10,303	)
Total liabilities and shareholders' equity	$	4,195,179		$	4,204,013		$	(8,834	)

(1)	Included in Accrued income and other assets in our Condensed Consolidated Statements of Financial Condition.

(2)	Included in Accrued expenses and other liabilities in our Condensed Consolidated Statements of Financial Condition.

In March 2020, the FASB issued ASU 2020-04, ‘‘Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting’’. This new ASU provides temporary optional expedients and exceptions to GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from LIBOR and other interbank offered rates to alternative reference rates. Entities can elect not to apply certain modification accounting requirements to contracts affected by reference rate reform, if certain criteria are met. Entities that make such elections would not have to remeasure contracts at the modification date or reassess a previous accounting determination. Entities can elect various optional expedients that would allow them to continue applying hedge accounting for hedging relationships affected by reference rate reform, if certain criteria are met.

We have formed a cross-functional project team to lead this transition from LIBOR to a planned adoption of reference rates which could include Secured Overnight Financing Rate (“SOFR”), amongst others. We are utilizing the timeline guidance published by the Alternative Reference Rates Committee to develop and achieve internal milestones during this transitional period. We will discontinue the use of new LIBOR-based loans no later than December 31, 2021, according to regulatory guidelines, and are operationally preparing for this change during the fourth quarter of 2021. We will also discontinue the use of LIBOR based interest rate derivatives no later than December 31, 2021. The amended guidance under Topic 848 and our ability to elect its temporary optional expedients and exceptions are effective for us through December 31, 2022. We expect to adopt the LIBOR transition relief allowed under this standard.

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 65
-Paragraph 1
-Subparagraph (g)(2)
-URI http://asc.fasb.org/extlink&oid=123338486&loc=SL49131195-203048

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-URI http://asc.fasb.org/topic&trid=2122394

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 105
-SubTopic 10
-Section 65
-Paragraph 6
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=124434974&loc=SL124442142-165695

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 65
-Paragraph 1
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123338486&loc=SL49131195-203048

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 65
-Paragraph 8
-Subparagraph (e)(2)
-URI http://asc.fasb.org/extlink&oid=123459177&loc=SL121830611-158277

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section S99
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=122038215&loc=SL108384541-122693

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 20
-Section 65
-Paragraph 2
-Subparagraph (d)(1)
-URI http://asc.fasb.org/extlink&oid=124402435&loc=SL124402458-218513

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 65
-Paragraph 6
-Subparagraph (e)(2)
-URI http://asc.fasb.org/extlink&oid=123597120&loc=SL121967933-165497

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 65
-Paragraph 1
-Subparagraph (i)(2)
-URI http://asc.fasb.org/extlink&oid=123338486&loc=SL49131195-203048

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
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Securities

9 Months Ended

Sep. 30, 2021

Securities [Abstract]

Securities

3.	Securities

Securities available for sale consist of the following:

	Amortized		Unrealized
	Cost		Gains		Losses		Fair Value
	(In thousands)
September 30, 2021
U.S. agency	$	13,278	$	187	$	47	$	13,418
U.S. agency residential mortgage-backed		337,140		2,810		2,090		337,860
U.S. agency commercial mortgage-backed		18,473		161		26		18,608
Private label mortgage-backed		81,154		1,271		114		82,311
Other asset backed		174,488		1,653		20		176,121
Obligations of states and political subdivisions		555,155		9,983		916		564,222
Corporate		149,893		3,736		126		153,503
Trust preferred		1,974		-		148		1,826
Foreign government		499		10		-		509
Total	$	1,332,054	$	19,811	$	3,487	$	1,348,378

December 31, 2020
U.S. agency	$	10,456	$	305	$	13	$	10,748
U.S. agency residential mortgage-backed		340,224		4,951		593		344,582
U.S. agency commercial mortgage-backed		6,869		326		-		7,195
Private label mortgage-backed		41,429		1,539		139		42,829
Other asset backed		252,596		1,796		211		254,181
Obligations of states and political subdivisions		315,780		8,691		178		324,293
Corporate		82,307		3,807		97		86,017
Trust preferred		1,971		-		173		1,798
Foreign government		500		16		-		516
Total	$	1,052,132	$	21,431	$	1,404	$	1,072,159

Our investments’ gross unrealized losses and fair values aggregated by investment type and length of time that individual securities have been at a continuous unrealized loss position follows:

	Less Than Twelve Months				Twelve Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(In thousands)
September 30, 2021
U.S. agency	$	5,071	$	44	$	1,382	$	3	$	6,453	$	47
U.S. agency residential mortgage-backed		135,320		1,923		19,297		167		154,617		2,090
U.S. agency commercial mortgage-backed		5,367		26		-		-		5,367		26
Private label mortgage-backed		18,628		88		2,110		26		20,738		114
Other asset backed		8,161		9		989		11		9,150		20
Obligations of states and political subdivisions		88,064		871		567		45		88,631		916
Corporate		27,380		125		90		1		27,470		126
Trust preferred		-		-		1,826		148		1,826		148
Total	$	287,991	$	3,086	$	26,261	$	401	$	314,252	$	3,487

December 31, 2020
U.S. agency	$	1,469	$	3	$	2,329	$	10	$	3,798	$	13
U.S. agency residential mortgage-backed		96,839		592		83		1		96,922		593
Private label mortgage-backed		11,838		95		2,050		44		13,888		139
Other asset backed		7,142		25		21,197		186		28,339		211
Obligations of states and political subdivisions		28,957		177		800		1		29,757		178
Corporate		1,924		97		-		-		1,924		97
Trust preferred		-		-		1,798		173		1,798		173
Total	$	148,169	$	989	$	28,257	$	415	$	176,426	$	1,404

Securities available for sale in unrealized loss positions are evaluated quarterly for impairment related to credit losses. For securities available for sale in an unrealized loss position, we first assess whether we intend to sell, or it is more likely than not that we will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For securities available for sale that do not meet this criteria, we evaluate whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, we consider the extent to which fair value is less than amortized cost, adverse conditions specifically related to the security and the issuer and the impact of changes in market interest rates on the market value of the security, among other factors. If this assessment indicates that a credit loss exists, we compare the present value of cash flows expected to be collected from the security with the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis for the security, a credit loss exists and an ACL is recorded, limited to the amount that the fair value of the security is less than its amortized cost basis. Any impairment that has not been recorded through an ACL is recognized in other comprehensive income (loss), net of applicable taxes. No ACL for securities available for sale was needed at September 30, 2021. Accrued interest receivable on securities available for sale totaled $5.7 million at September 30, 2021 and is excluded from the estimate of credit losses.

U.S. agency, U.S. agency residential mortgage-backed and U.S. agency commercial mortgage-backed securities — at September 30, 2021, we had 14 U.S. agency, 57 U.S. agency residential mortgage-backed and 13 U.S. agency commercial mortgage-backed securities whose fair value is less than amortized cost. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major credit rating agencies, and have a long history of no credit losses. The unrealized losses are largely attributed to widening spreads to Treasury bonds and/or an increase in interest rates since acquisition.

Private label mortgage backed, other asset backed and corporate securities — at September 30, 2021, we had 21 private label mortgage backed, 10 other asset backed and 22 corporate securities whose fair value is less than amortized cost. The unrealized losses are primarily due to credit spread widening and/or an increase in interest rates since acquisition.

Obligations of states and political subdivisions — at September 30, 2021, we had 193 municipal securities whose fair value is less than amortized cost. The unrealized losses are primarily due to an increase in interest rates since acquisition.

Trust preferred securities — at September 30, 2021, we had two trust preferred securities whose fair value is less than amortized cost. Both of our trust preferred securities are single issue securities issued by a trust subsidiary of a bank holding company. The pricing of trust preferred securities has suffered from credit spread widening. One of the securities is rated by a major rating agency as investment grade while the other one is non-rated. The non-rated issue is a relatively small bank and was never rated. The issuer of this non-rated trust preferred security, which had a total amortized cost of $1.0 million and total fair value of $0.86 million as of September 30, 2021, continues to have satisfactory credit metrics and make interest payments.

At September 30, 2021 management does not intend to liquidate any of the securities discussed above and it is more likely than not that we will not be required to sell these securities prior to recovery of these unrealized losses.

We recorded no credit related charges in our Condensed Consolidated Statements of Operations related to securities available for sale during the nine month periods ended September 30, 2021 and 2020, respectively.

The amortized cost and fair value of securities available for sale at September 30, 2021, by contractual maturity, follow:

	Amortized Cost		Fair Value
	(In thousands)
Maturing within one year	$	15,701	$	15,849
Maturing after one year but within five years		125,299		128,338
Maturing after five years but within ten years		230,998		234,100
Maturing after ten years		348,801		355,191
		720,799		733,478
U.S. agency residential mortgage-backed		337,140		337,860
U.S. agency commercial mortgage-backed		18,473		18,608
Private label mortgage-backed		81,154		82,311
Other asset backed		174,488		176,121
Total	$	1,332,054	$	1,348,378

The actual maturity may differ from the contractual maturity because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.

Gains and losses realized on the sale of securities available for sale are determined using the specific identification method and are recognized on a trade-date basis. A summary of proceeds from the sale of securities available for sale and gains and losses for the nine month periods ending September 30, follows:

			Realized
	Proceeds		Gains		Losses
	(In thousands)
2021	$	81,683	$	1,471	$	50
2020		36,593		253		-

Loans

9 Months Ended

Sep. 30, 2021

Shareholders' Equity and Earnings Per Common Share [Abstract]

We estimate the ACL based on relevant available information from both internal and external sources, including historical loss trends, current conditions and forecasts, specific analysis of individual loans, and a review of other relevant and appropriate factors. The allowance process is designed to provide for expected future losses based on our reasonable and supportable (“R&S”) forecast as of the reporting date. Our ACL process is administered by our Risk Management group utilizing a third party software solution, with significant input and ultimate approval from our Executive Enterprise Risk Committee. Further, we have established a CECL Forecast Committee, which includes a cross discipline structure with membership from Executive Management, Risk Management, and Accounting, which approves ACL model assumptions each quarter. Our ACL is comprised of three principal elements: (i) specific analysis of individual loans identified during the review of the loan portfolio, (ii) pooled analysis of loans with similar risk characteristics based on historical experience, adjusted for current conditions, R&S forecasts, and expected prepayments, and (iii) additional allowances based on subjective factors, including local and general economic business factors and trends, portfolio concentrations and changes in the size and/or the general terms of the loan portfolios.

The first ACL element (specific allocations) includes loans that do not share similar risk characteristics and are evaluated on an individual basis. We will typically evaluate on an individual basis loans that are on nonaccrual, commercial loans designated as a TDR, or mortgage and installment TDR loans with a rate concession. When we determine that foreclosure is probable or when repayment is expected to be provided substantially through the operation or sale of underlying collateral, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for estimated selling costs. For loans evaluated on an individual basis that are not determined to be collateral dependent, a discounted cash flow analysis is performed to determine expected credit losses.

The second ACL element (pooled analysis) includes loans with similar risk characteristics, which are broken down by segment, class, and risk metric. The Bank’s primary segments of commercial, mortgage, and installment loans are further classified by other relevant attributes, such as collateral type, lien position, occupancy status, amortization method, and balance size. Commercial classes are additionally segmented by risk rating, and mortgage and installment loan classes by credit score tier, which are updated at least semi-annually.

We utilize a discounted cash flow (“DCF”) model to estimate expected future losses for pooled loans. Expected future cash flows are developed from payment schedules over the contractual term, adjusted for forecasted default (probability of default), loss, and prepayment assumptions. We are not required to develop forecasts over the full contractual term of the financial asset or group of financial assets. Rather, for periods beyond which the entity is able to make or obtain R&S forecasts of expected credit losses, we revert to the long term average on a straight line or immediate basis, as determined by the CECL Forecast Committee, and which may vary depending on the economic outlook and uncertainty.

The DCF model for the mortgage and installment pooled loan segments includes using probability of default (“PD”) assumptions that are derived through regression analysis with forecasted US unemployment levels by credit score tier. We review the Bloomberg composite forecast of approximately 50 analysts as well as the FOMC projections in setting the unemployment forecast for the R&S period. The current ACL utilizes a one year R&S forecast followed by immediate reversion to the 30 year average unemployment rate. PD assumptions for the remaining segments are based primarily on historical rates by risk metric as defaults were not strongly correlated with any economic indicator. Loss given default (“LGD”) assumptions for the mortgage loan segment are based on a two year forecast followed by a two year straight line reversion period to the longer term average, while LGD rates for the remaining segments are the historical average for the entire period. Prepayment assumptions represent the two year average rates per segment as calculated through the Bank’s Asset and Liability Management program.

Pooled reserves for the commercial loan segment are calculated using the DCF model with assumptions generally based on historical averages by class and risk rating. Effective risk rating practices allow for strong predictability of defaults and losses over the portfolio’s expected shorter duration, relative to mortgage and installment loans. Our rating system is similar to those employed by state and federal banking regulators.

The third ACL element (additional allocations based on subjective factors) is based on factors that cannot be associated with a specific credit or loan category and reflects our attempt to ensure that the overall ACL appropriately reflects a margin for the imprecision necessarily inherent in the estimates of expected credit losses. We adjust our quantitative model for certain qualitative factors to reflect the extent to which management expects current conditions and R&S forecasts to differ from the conditions that existed for the period over which historical information was evaluated. The qualitative framework reflects changes related to relevant data, such as changes in asset quality trends, portfolio growth and composition, national and local economic factors, credit policy and administration and other factors not considered in the base quantitative model. We utilize a survey completed by business unit management throughout the bank, as well as discussion with the CECL Forecast Committee to establish reserves under the qualitative framework. The current period’s ACL further recognizes inherent risk related to the ongoing COVID-19 pandemic; specifically to the volume of loans on forbearance, commercial loans in high risk industries, and mortgage and installment borrowers with occupations in those high risk industries. Identified high risk industries include: food service, hospitality, entertainment, retail, investment real estate, assisted living, and non-owner occupied office.

An analysis of the allowance for credit losses by portfolio segment for the three months ended September 30, follows (1):

	Commercial			Mortgage			Installment			Subjective Allocation			Total
	(In thousands)
2021
Balance at beginning of period	$	9,094		$	18,933		$	3,701		$	14,198		$	45,926
Additions (deductions)
Provision for credit losses		(969	)		16			805			(511	)		(659	)
Recoveries credited to the allowance		1,751			339			394			-			2,484
Loans charged against the allowance		-			(113	)		(839	)		-			(952	)
Balance at end of period	$	9,876		$	19,175		$	4,061		$	13,687		$	46,799

2020
Balance at beginning of period	$	8,731		$	7,261		$	1,217		$	17,291		$	34,500
Additions (deductions)
Provision for credit losses (1)		(875	)		(257	)		18			2,089			975
Recoveries credited to the allowance		297			157			196			-			650
Loans charged against the allowance		-			(162	)		(192	)		-			(354	)
Balance at end of period	$	8,153		$	6,999		$	1,239		$	19,380		$	35,771

(1)	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.

An analysis of the allowance for credit losses by portfolio segment for the nine months ended September 30, follows (1):

	Commercial			Mortgage			Installment			Subjective Allocation			Total
	(In thousands)
2021
Balance at beginning of period	$	7,401		$	6,998		$	1,112		$	19,918		$	35,429
Additions (deductions)
Impact of adoption of ASC 326		2,551			12,000			3,052			(6,029	)		11,574
Provision for credit losses		(2,591	)		(264	)		499			(202	)		(2,558	)
Initial allowance on loans purchased with credit deterioration		95			18			21			-			134
Recoveries credited to the allowance		2,420			720			778			-			3,918
Loans charged against the allowance		-			(297	)		(1,401	)		-			(1,698	)
Balance at end of period	$	9,876		$	19,175		$	4,061		$	13,687		$	46,799

2020
Balance at beginning of period	$	7,922		$	8,216		$	1,283		$	8,727		$	26,148
Additions (deductions)
Provision for credit losses (1)		2,804			(895	)		322			10,653			12,884
Recoveries credited to the allowance		1,463			364			577			-			2,404
Loans charged against the allowance		(4,036	)		(686	)		(943	)		-			(5,665	)
Balance at end of period	$	8,153		$	6,999		$	1,239		$	19,380		$	35,771

(1)	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.

The ACL and recorded investment in loans by portfolio segment at December 31, 2020 follows (1):

	Commercial		Mortgage		Installment		Subjective Allocation		Total
	(In thousands)
December 31, 2020
ACL:
Individually evaluated for impairment	$	1,266	$	4,124	$	191	$	-	$	5,581
Collectively evaluated for impairment		6,135		2,874		921		19,918		29,848
Loans acquired with deteriorated credit quality		-		-		-		-		-
Total ending ACL	$	7,401	$	6,998	$	1,112	$	19,918	$	35,429

Loans
Individually evaluated for impairment	$	9,431	$	39,245	$	1,996			$	50,672
Collectively evaluated for impairment		1,236,052		980,449		474,379				2,690,880
Loans acquired with deteriorated credit quality		468		410		147				1,025
Total loans recorded investment		1,245,951		1,020,104		476,522				2,742,577
Accrued interest included in recorded investment		3,536		4,178		1,185				8,899
Total loans	$	1,242,415	$	1,015,926	$	475,337			$	2,733,678

(1)	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.

Loans on non-accrual status and past due more than 90 days (“Non-performing Loans”) follow:

	September 30, 2021
	Non- Accrual		Non-Accrual								December 31, 2020
	with no Allowance for Credit Loss		with an Allowance for Credit Loss		Total Non-Accrual		90+ and Still Accruing		Total Non-Performing Loans		Total Non-Performing Loans (1)
					(In thousands)
Commercial
Commercial and industrial (2)	$	-	$	189	$	189	$	-	$	189	$	1,387
Commercial real estate		-		-		-		-		-		-
Mortgage
1-4 family owner occupied - jumbo		607		-		607		-		607		623
1-4 family owner occupied - non-jumbo (3)		133		1,836		1,969		-		1,969		2,281
1-4 family non-owner occupied		281		685		966		-		966		1,112
1-4 family - 2nd lien		182		885		1,067		-		1,067		1,344
Resort lending		-		277		277		-		277		607
Installment
Boat lending		-		155		155		-		155		52
Recreational vehicle lending		-		71		71		-		71		74
Other		-		289		289		-		289		393
Total	$	1,203	$	4,387	$	5,590	$	-	$	5,590	$	7,873

Accrued interest excluded from total	$	-	$	-	$	-	$	-	$	-	$	-

(1)	Non-performing loans at December 31, 2020 exclude PCI loans.

(2)	Non-performing commercial and industrial loans exclude $0.053 million of government guaranteed loans at both September 30, 2021 and December 31, 2020.

(3)	Non-performing 1-4 family owner occupied – non jumbo loans exclude $0.274 million and $0.386 million of government guaranteed loans at September 30, 2021 and December 31, 2020, respectively.

The following table provides collateral information by class of loan for collateral-dependent loans with a specific reserve. A loan is considered to be collateral dependent when the borrower is experiencing financial difficulty and the repayment is expected to be provided substantially through the operation or sale of collateral.

The amortized cost of collateral-dependent loans by class follows:

	Collateral Type
	Real Estate		Other		Allowance for Credit Losses
	(In thousands)
September 30, 2021
Commercial
Commercial and industrial	$	87	$	559		235
Commercial real estate		131		-		30
Mortgage
1-4 family owner occupied - jumbo		607		-		-
1-4 family owner occupied - non-jumbo		848		-		254
1-4 family non-owner occupied		560		-		99
1-4 family - 2nd lien		476		-		104
Resort lending		278		-		79
Installment
Boat lending		-		65		23
Recreational vehicle lending		-		43		15
Other		-		180		64
Total	$	2,987	$	847	$	903

Accrued interest excluded from total	$	-	$	1

An aging analysis of loans by class follows:

	Loans Past Due								Loans not		Total
	30-59 days		60-89 days		90+ days		Total		Past Due		Loans
	(In thousands)
September 30, 2021
Commercial
Commercial and industrial	$	-	$	-	$	242	$	242	$	624,950	$	625,192
Commercial real estate		-		-		-		-		597,610		597,610
Mortgage
1-4 family owner occupied - jumbo		-		-		607		607		536,704		537,311
1-4 family owner occupied - non-jumbo		822		493		700		2,015		247,205		249,220
1-4 family non-owner occupied		204		-		445		649		176,147		176,796
1-4 family - 2nd lien		511		49		428		988		86,706		87,694
Resort lending		-		-		278		278		49,693		49,971
Installment
Boat lending		181		-		65		246		231,300		231,546
Recreational vehicle lending		302		-		43		345		229,406		229,751
Other		134		113		175		422		98,465		98,887
Total	$	2,154	$	655	$	2,983	$	5,792	$	2,878,186	$	2,883,978

Accrued interest excluded from total	$	34	$	10	$	-	$	44	$	6,984	$	7,028

December 31, 2020
Commercial
Commercial and industrial	$	5,003	$	131	$	70	$	5,204	$	671,115	$	676,319
Commercial real estate		2,600		-		-		2,600		567,032		569,632
Mortgage
1-4 family owner occupied - jumbo		761		-		623		1,384		438,794		440,178
1-4 family owner occupied - non-jumbo		1,888		453		502		2,843		264,730		267,573
1-4 family non-owner occupied		1,184		139		476		1,799		157,977		159,776
1-4 family - 2nd lien		710		228		732		1,670		92,860		94,530
Resort lending		32		195		358		585		57,462		58,047
Installment
Boat lending		95		101		-		196		207,317		207,513
Recreational vehicle lending		207		37		48		292		169,282		169,574
Other		337		162		199		698		98,737		99,435
Total recorded investment	$	12,817	$	1,446	$	3,008	$	17,271	$	2,725,306	$	2,742,577
Accrued interest included in recorded investment	$	147	$	22	$	-	$	169	$	8,730	$	8,899

Impaired loans at December 31, 2020 are as follows (1):

	2020
Impaired loans with no allocated ACL	(In thousands)
Troubled debt restructurings ("TDR")	$	93
Non - TDR		1,367
Impaired loans with an allocated ACL
TDR - allowance based on collateral		9,027
TDR - allowance based on present value cash flow		37,953
Non - TDR - allowance based on collateral		1,873
Total impaired loans	$	50,313

Amount of ACL allocated (1)
TDR - allowance based on collateral	$	1,058
TDR - allowance based on present value cash flow		3,755
Non - TDR - allowance based on collateral		768
Total amount of ACL allocated	$	5,581

(1)	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.

Impaired loans by class at December 31, 2020 are as follows (1):

	2020
	Recorded Investment		Unpaid Principal Balance		Related ACL (1)
With no related ACL recorded:			(In thousands)
Commercial
Commercial and industrial	$	77	$	80	$	-
Commercial real estate		-		-		-
Mortgage
1-4 family owner occupied - jumbo		623		629		-
1-4 family owner occupied - non-jumbo		-		-		-
1-4 family non-owner occupied		305		473		-
1-4 family - 2nd lien		301		304		-
Resort lending		154		379		-
Installment
Boat lending		-		-		-
Recreational vehicle lending		-		-		-
Other		-		-		-
		1,460		1,865		-
With an ACL recorded:
Commercial
Commercial and industrial		2,227		2,370		756
Commercial real estate		7,127		7,096		510
Mortgage
1-4 family owner occupied - jumbo		506		880		50
1-4 family owner occupied - non-jumbo		21,655		22,311		2,300
1-4 family non-owner occupied		4,335		4,704		495
1-4 family - 2nd lien		811		829		200
Resort lending		10,555		10,764		1,079
Installment
Boat lending		7		11		2
Recreational vehicle lending		87		100		19
Other		1,902		2,040		170
		49,212		51,105		5,581
Total
Commercial
Commercial and industrial		2,304		2,450		756
Commercial real estate		7,127		7,096		510
Mortgage
1-4 family owner occupied - jumbo		1,129		1,509		50
1-4 family owner occupied - non-jumbo		21,655		22,311		2,300
1-4 family non-owner occupied		4,640		5,177		495
1-4 family - 2nd lien		1,112		1,133		200
Resort lending		10,709		11,143		1,079
Installment
Boat lending		7		11		2
Recreational vehicle lending		87		100		19
Other		1,902		2,040		170
Total	$	50,672	$	52,970	$	5,581

Accrued interest included in recorded investment	$	359

(1)	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.

Average recorded investment in and interest income earned on impaired loans by class follows (1):

	Three months ended September 30, 2020				Nine months ended September 30, 2020
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With no related ACL recorded:	(In thousands)
Commercial
Commercial and industrial	$	103	$	2	$	137	$	4
Commercial real estate		-		-		199		-
Mortgage
1-4 family owner occupied - jumbo		632		-		316		-
1-4 family owner occupied - non-jumbo		331		-		353		4
1-4 family non-owner occupied		316		2		309		5
1-4 family - 2nd lien		403		-		399		-
Resort lending		77		-		77		-
Installment
Boat lending		-		-		-		-
Recreational vehicle lending		-		-		-		-
Other		-		-		-		-
		1,862		4		1,790		13
With an a ACL recorded:
Commercial
Commercial and industrial		2,431		38		2,231		105
Commercial real estate		12,195		130		11,657		641
Mortgage
1-4 family owner occupied - jumbo		808		11		1,228		39
1-4 family owner occupied - non-jumbo		22,070		277		19,116		901
1-4 family non-owner occupied		4,708		52		4,746		170
1-4 family - 2nd lien		598		3		4,017		9
Resort lending		11,186		125		11,506		358
Installment
Boat lending		106		-		72		-
Recreational vehicle lending		96		1		80		2
Other		2,324		33		2,545		109
		56,522		670		57,198		2,334
Total
Commercial
Commercial and industrial		2,534		40		2,368		109
Commercial real estate		12,195		130		11,856		641
Mortgage
1-4 family owner occupied - jumbo		1,440		11		1,544		39
1-4 family owner occupied - non-jumbo		22,401		277		19,469		905
1-4 family non-owner occupied		5,024		54		5,055		175
1-4 family - 2nd lien		1,001		3		4,416		9
Resort lending		11,263		125		11,583		358
Installment
Boat lending		106		-		72		-
Recreational vehicle lending		96		1		80		2
Other		2,324		33		2,545		109
Total	$	58,384	$	674	$	58,988	$	2,347

(1)	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.

Cash receipts on impaired loans on non-accrual status are generally applied to the principal balance.

TDRs follow:

	September 30, 2021
	Commercial		Retail (1)			Total
	(In thousands)
Performing TDRs	$	4,692	$	32,037		$	36,729
Non-performing TDRs (2)		-		1,198	⁽³⁾		1,198
Total	$	4,692	$	33,235		$	37,927

	December 31, 2020
	Commercial		Retail (1)			Total
	(In thousands)
Performing TDRs	$	7,956	$	36,385		$	44,341
Non-performing TDRs (2)		1,148		1,584	⁽³⁾		2,732
Total	$	9,104	$	37,969		$	47,073

(1)	Retail loans include mortgage and installment loan portfolio segments.

(2)	Included in non-performing loans table above.

(3)	Also includes loans on non-accrual at the time of modification until six payments are received on a timely basis.

We allocated $3.7 million and $4.8 million of reserves to customers whose loan terms have been modified in troubled debt restructurings (“TDR”) at September 30, 2021 and December 31, 2020, respectively.

During the nine months ended September 30, 2020, the terms of certain loans were modified as TDRs as these loan modifications did not qualify for relief from TDR accounting under the CARES Act (there were no TDR modifications during the nine months ended September 30, 2021). The modification of the terms of such loans generally included one or a combination of the following: a reduction of the stated interest rate of the loan; an extension of the maturity date at a stated rate of interest lower than the current market rate for a new loan with similar risk; or a permanent reduction of the recorded investment in the loan.

Modifications involving a reduction of the stated interest rate of the loan have generally been for periods ranging from 9 months to 36 months but have extended to as much as 480 months in certain circumstances. Modifications involving an extension of the maturity date have generally been for periods ranging from 1 month to 60 months but have extended to as much as 230 months in certain circumstances.

Loans that have been classified as TDRs during the three-month periods ended September 30 follow:

	Number of Contracts		Pre-modification Recorded Balance		Post-modification Recorded Balance
	(Dollars in thousands)
2021
Commercial
Commercial and industrial		-	$	-	$	-
Commercial real estate		-		-		-
Mortgage
1-4 family owner occupied - jumbo		-		-		-
1-4 family owner occupied - non-jumbo		-		-		-
1-4 family non-owner occupied		-		-		-
1-4 family - 2nd lien		-		-		-
Resort lending		-		-		-
Installment
Boat lending		-		-		-
Recreational vehicle lending		-		-		-
Other		-		-		-
Total		-	$	-	$	-

2020
Commercial
Commercial and industrial		-	$	-	$	-
Commercial real estate		-		-		-
Mortgage
1-4 family owner occupied - jumbo		-		-		-
1-4 family owner occupied - non-jumbo		1		92		95
1-4 family non-owner occupied		1		52		54
1-4 family - 2nd lien		-		-		-
Resort lending		-		-		-
Installment
Boat lending		-		-		-
Recreational vehicle lending		-		-		-
Other		1		19		19
Total		3	$	163	$	168

Loans that have been classified as TDRs during the nine-month periods ended September 30 follow:

	Number of Contracts		Pre-modification Balance		Post-modification Balance
	(Dollars in thousands)
2021
Commercial
Commercial and industrial		-	$	-	$	-
Commercial real estate		-		-		-
Mortgage
1-4 family owner occupied - jumbo		-		-		-
1-4 family owner occupied - non-jumbo		-		-		-
1-4 family non-owner occupied		-		-		-
1-4 family - 2nd lien		-		-		-
Resort lending		-		-		-
Installment
Boat lending		-		-		-
Recreational vehicle lending		-		-		-
Other		-		-		-
Total		-	$	-	$	-

2020
Commercial
Commercial and industrial		7	$	1,207	$	1,207
Commercial real estate		4		7,012		7,012
Mortgage
1-4 family owner occupied - jumbo		-		-		-
1-4 family owner occupied - non-jumbo		3		195		203
1-4 family non-owner occupied		2		111		116
1-4 family - 2nd lien		2		45		46
Resort lending		-		-		-
Installment
Boat lending		-		-		-
Recreational vehicle lending		-		-		-
Other		2		52		53
Total		20	$	8,622	$	8,637

There have been no TDR modifications in 2021 and consequently no impact on the allowance for credit losses and no charge offs during the three- or nine months ended September 30, 2021.

The troubled debt restructurings described above for 2020 increased the allowance for credit losses by $0.01 million and resulted in zero charge offs during the three months ended September 30, 2020, and increased the allowance for credit losses by $0.09 million and resulted in zero charge offs during the nine months ended September 30, 2020.

There were no TDRs that subsequently defaulted within twelve months following the modification during the three and nine months periods ended September 30, 2021 and 2020.

A loan is considered to be in payment default generally once it is 90 days contractually past due under the modified terms.

In order to determine whether a borrower is experiencing financial difficulty, we perform an evaluation of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under our internal underwriting policy.

Non-TDR Loan Modifications and Paycheck Protection Program (“PPP”) due to COVID-19 - On March 22, 2020, the federal banking agencies issued an “Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus”. This guidance encourages financial institutions to work prudently with borrowers that may be unable to meet their contractual obligations because of the effects of COVID-19. The guidance goes on to explain that in consultation with the Financial Accounting Standards Board staff that the federal banking agencies conclude that short-term modifications (e.g. six months or less) made on a good faith basis to borrowers who were current (less than 30 days past due) as of the implementation date of a relief program are not TDRs. In addition, on March 27, 2020, the CARES Act was signed into law. Section 4013 of the CARES Act also addressed COVID-19 related modifications and specified that COVID-19 related modifications on loans that were current (less than 30 days past due) as of December 31, 2019 are not TDRs. We are assisting both commercial and retail (mortgage and installment) borrowers with reduced or suspended payments. Commercial loan accommodations are typically a three month interest-only period while retail loan (mortgage and installment) forbearances have primarily been payment suspensions for three months. For loans subject to these forbearance agreements each borrower is required to resume making regularly scheduled loan payments at the end of the forbearance period. The deferred principal and interest will be repaid based upon individualized agreements. Options for repayment include separate repayment plans, extending the term of the loan or re-amortizing the loan based upon the affordability of the payment in relationship to a reduced income. While some borrowers may elect to make a lump sum payment, we anticipate the majority will require some type of repayment plan. During the forbearance period, the loan will not be reported as past due in keeping with the guidance discussed previously.

A summary of accommodations entered into under this guidance as of September 30, 2021 follows:

Commercial and Retail Loan COVID-19 Accomodations

	Covid-19 Accomodations				Total		% of Total
Loan Category	Loans (#)		Loans ($)		Loans		Loans
			(Dollars in thousands)
Commercial		-	$	-	$	1,222,802		0.0	%
Mortgage		39		5,901		1,100,992		0.5	%
Installment		7		109		560,184		0.0	%
Total		46	$	6,010	$	2,883,978		0.2	%
Mortgage loans serviced for others(1)		64	$	7,986	$	3,237,251		0.2	%

1)	We have delegated authority from all investors to grant these deferrals on their behalf.

Information on subsequent accommodation extensions as of September 30, 2021 follows:

Commercial and Retail Loan COVID-19 Subsequent Accomodations (1)

Loan Category	Loans (#)		Loans ($)
	(Dollars in thousands)
Commercial		-	$	-
Mortgage		34		4,315
Installment		7		109
Total		41	$	4,424

1)	Subsequent accommodations are extensions of the original accommodations that were given as summarized in the paragraph above.

The CARES Act also included an initial $349 billion loan program administered through the U.S. Small Business Administration (“SBA”) referred to as the PPP. Under the PPP, small businesses and other entities and individuals could apply for loans from existing SBA lenders and other approved regulated lenders that enrolled in the program, subject to numerous limitations and eligibility criteria. We are participating as a lender in the PPP. The PPP opened on April 3, 2020 intending to provide American small businesses with eight weeks of cash-flow assistance through 100 percent federally guaranteed loans through the SBA. In late April 2020 the Paycheck Protection Program and Health Care Enhancement Act, added another $310 billion in funding while the Paycheck Protection Program Flexibility Act made certain changes to the program, by allowing for more time to spend the funds, and making it easier to get a loan fully forgiven. The PPP initially closed on August 8, 2020 (“Round 1”). On December 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (‘‘Economic Aid Act’’) was signed into law which allocated an additional $284 billion in funding for the PPP (“Round 2”). The Economic Aid Act reopened the PPP through March 31, 2021 with generally the same terms and conditions as originally enacted under the CARES Act while clarifying eligibility and ineligibility for certain entities and expanding the permitted uses of PPP funds. In addition, the Economic Aid Act simplified the loan forgiveness process for PPP loans of $150,000 or less. The Economic Aid Act also established second draw loans for entities that had already used the initial PPP funds, subject to numerous limitations and eligibility criteria. PPP Round 2 loans are eligible for forgiveness similar to Round 1 PPP loans, subject to limitations set forth in the Economic Aid Act. Round 2 closed on May 31, 2021.

The following table summarizes PPP loans outstanding:

Paycheck Protection Program

	As of September 30, 2021				As of December 31, 2020
	Amount (#)		Amount		Amount (#)		Amount
	(Dollars in thousands)				(Dollars in thousands)
Closed and outstanding - Round 1 loans		20	$	1,262		1,483	$	169,782
Closed and outstanding - Round 2 loans		806		88,888		-		-
Total closed and outstanding		826	$	90,150		1,483	$	169,782
Unaccreted net fees remaining at period end			$	3,178			$	3,216

PPP loans are included in the commercial and industrial class of the commercial loan portfolio segment. As these loans are 100% guaranteed through the SBA the allowance for credit losses recorded on these loans is zero. Interest and fees on loans in our condensed consolidated statement of operations includes $2.6 million and $6.5 million during the three and nine month periods ended September 30, 2021, related to the accretion of net loan fees on PPP loans. Accretion of net loan fees on PPP loans was $1.3 million and $2.3 million in the three and nine month periods in 2020, respectively.

Credit Quality Indicators – As part of our on-going monitoring of the credit quality of our loan portfolios, we track certain credit quality indicators including (a) risk grade of commercial loans, (b) the level of classified commercial loans, (c) credit scores of mortgage and installment loan borrowers, and (d) delinquency history and non-performing loans.

For commercial loans, we use a loan rating system that is similar to those employed by state and federal banking regulators. Loans are graded on a scale of 1 to 12. A description of the general characteristics of the ratings follows:

Rating 1 through 6: These loans are generally referred to as our “non-watch” commercial credits that include very high or exceptional credit fundamentals through acceptable credit fundamentals.

Rating 7 and 8: These loans are generally referred to as our “watch” commercial credits. These ratings include loans to borrowers that exhibit potential credit weakness or downward trends. If not checked or cured these trends could weaken our asset or credit position. While potentially weak, no loss of principal or interest is envisioned with these ratings.

Rating 9: These loans are generally referred to as our “substandard accruing” commercial credits. This rating includes loans to borrowers that exhibit a well-defined weakness where payment default is probable and loss is possible if deficiencies are not corrected. Generally, loans with this rating are considered collectible as to both principal and interest primarily due to collateral coverage.

Rating 10 and 11: These loans are generally referred to as our ‘‘substandard - non-accrual’’ and ‘‘doubtful’’ commercial credits. Our doubtful rating includes a sub classification for a loss rate other than 50% (which is the standard doubtful loss rate). These ratings include loans to borrowers with weaknesses that make collection of the loan in full, on the basis of current facts, conditions and values at best questionable and at worst improbable. All of these loans are placed in non-accrual.

Rating 12: These loans are generally referred to as our “loss” commercial credits. This rating includes loans to borrowers that are deemed incapable of repayment and are charged-off.

The following table summarizes loan ratings by loan class for our commercial portfolio loan segment as of September 30, 2021:

	Commercial
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans Amortized
	2021		2020		2019		2018		2017		Prior		Cost Basis		Total
	(In thousands)
September 30, 2021
Commercial and industrial
Non-watch (1-6)	$	155,583	$	71,787	$	59,607	$	49,692	$	44,992	$	97,219	$	135,312	$	614,192
Watch (7-8)		124		47		775		1,507		280		4,846		237		7,816
Substandard Accrual (9)		-		-		1,199		265		-		1,303		175		2,942
Non-Accrual (10-11)		-		132		-		-		-		110		-		242
Total	$	155,707	$	71,966	$	61,581	$	51,464	$	45,272	$	103,478	$	135,724	$	625,192
Accrued interest excluded from total	$	584	$	155	$	107	$	235	$	108	$	237	$	201	$	1,627

Commercial real estate
Non-watch (1-6)	$	78,757	$	54,801	$	100,292	$	78,449	$	40,131	$	187,739	$	41,301	$	581,470
Watch (7-8)		-		355		3,069		7,781		1,749		859		-		13,813
Substandard Accrual (9)		-		-		-		1,207		1,120		-		-		2,327
Non-Accrual (10-11)		-		-		-		-		-		-		-		-
Total	$	78,757	$	55,156	$	103,361	$	87,437	$	43,000	$	188,598	$	41,301	$	597,610
Accrued interest excluded from total	$	105	$	79	$	211	$	167	$	94	$	347	$	69	$	1,072

Total Commercial
Non-watch (1-6)	$	234,340	$	126,588	$	159,899	$	128,141	$	85,123	$	284,958	$	176,613	$	1,195,662
Watch (7-8)		124		402		3,844		9,288		2,029		5,705		237		21,629
Substandard Accrual (9)		-		-		1,199		1,472		1,120		1,303		175		5,269
Non-Accrual (10-11)		-		132		-		-		-		110		-		242
Total	$	234,464	$	127,122	$	164,942	$	138,901	$	88,272	$	292,076	$	177,025	$	1,222,802
Accrued interest excluded from total	$	689	$	234	$	318	$	402	$	202	$	584	$	270	$	2,699

The following table summarizes loan ratings by loan class for our commercial portfolio loan segment as of December 31, 2020:

	Commercial
	Non-watch 1-6		Watch 7-8		Substandard Accrual 9		Non- Accrual 10-11		Total
					(In thousands)
December 31, 2020
Commercial and industrial	$	637,826	$	32,765	$	4,341	$	1,387	$	676,319
Commercial real estate		561,382		5,978		2,272		-		569,632
Total	$	1,199,208	$	38,743	$	6,613	$	1,387	$	1,245,951
Accrued interest included in total	$	3,408	$	105	$	23	$	-	$	3,536

For each of our mortgage and installment portfolio segment classes, we generally monitor credit quality based on the credit scores of the borrowers. These credit scores are generally updated semi-annually.

The following tables summarize credit scores by loan class for our mortgage and installment loan portfolio segments at September 30, 2021:

	Mortgage (1)
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans Amortized
	2021		2020		2019		2018		2017		Prior		Cost Basis		Total
	(In thousands)
September 30, 2021
1-4 family owner occupied - jumbo
_800 and above	$	25,061	$	29,107	$	8,113	$	2,998	$	1,495	$	1,007	$	889	$	68,670
_750-799		132,430		96,341		38,487		10,581		14,111		3,105		1,759		296,814
_700-749		52,125		30,359		12,369		5,303		10,793		5,331		-		116,280
_650-699		7,499		14,416		8,275		4,822		7,529		1,571		-		44,112
_600-649		-		1,455		2,794		-		1,531		1,680		-		7,460
_550-599		-		1,888		-		-		553		-		-		2,441
_500-549		-		-		474		453		607		-		-		1,534
Under 500		-		-		-		-		-		-		-		-
Unknown		-		-		-		-		-		-		-		-
Total	$	217,115	$	173,566	$	70,512	$	24,157	$	36,619	$	12,694	$	2,648	$	537,311
Accrued interest excluded from total	$	403	$	382	$	187	$	129	$	94	$	35	$	3	$	1,233

1-4 family owner occupied - non-jumbo
_800 and above	$	5,982	$	6,711	$	5,233	$	2,363	$	3,612	$	4,779	$	4,361	$	33,041
_750-799		10,337		24,756		7,702		7,679		11,391		11,561		10,960		84,386
_700-749		5,144		11,704		7,323		3,393		5,060		22,497		3,674		58,795
_650-699		8,811		5,551		4,045		2,405		2,572		11,585		2,038		37,007
_600-649		792		2,008		1,587		1,779		3,059		9,433		115		18,773
_550-599		-		-		76		1,628		494		6,814		189		9,201
_500-549		-		-		410		98		1,297		3,983		18		5,806
Under 500		-		406		266		34		340		1,165		-		2,211
Unknown		-		-		-		-		-		-		-		-
Total	$	31,066	$	51,136	$	26,642	$	19,379	$	27,825	$	71,817	$	21,355	$	249,220
Accrued interest excluded from total	$	170	$	114	$	94	$	68	$	98	$	224	$	53	$	821

1-4 family non-owner occupied
_800 and above	$	8,917	$	3,995	$	2,804	$	1,135	$	3,625	$	5,865	$	2,271	$	28,612
_750-799		32,412		23,479		11,789		3,533		5,563		10,902		6,963		94,641
_700-749		12,243		7,895		1,539		2,748		2,150		6,683		3,356		36,614
_650-699		1,683		852		1,257		580		442		5,840		1,048		11,702
_600-649		-		-		40		21		141		2,103		29		2,334
_550-599		-		58		85		248		28		1,409		128		1,956
_500-549		-		-		-		-		-		633		-		633
Under 500		-		-		-		-		-		304		-		304
Unknown		-		-		-		-		-		-		-		-
Total	$	55,255	$	36,279	$	17,514	$	8,265	$	11,949	$	33,739	$	13,795	$	176,796
Accrued interest excluded from total	$	105	$	96	$	52	$	41	$	36	$	116	$	49	$	495

1-4 family - 2nd lien
800 and above	$	305	$	343	$	198	$	278	$	264	$	309	$	9,253	$	10,950
_750-799		1,921		3,401		1,265		1,460		2,190		2,530		26,881		39,648
_700-749		674		1,222		685		608		1,290		1,910		15,353		21,742
_650-699		14		271		453		278		742		1,668		6,219		9,645
_600-649		-		165		-		98		101		1,286		1,118		2,768
_550-599		-		-		81		138		33		887		587		1,726
_500-549		-		-		233		-		54		335		257		879
Under 500		-		-		128		3		61		4		140		336
Unknown		-		-		-		-		-		-		-		-
Total	$	2,914	$	5,402	$	3,043	$	2,863	$	4,735	$	8,929	$	59,808	$	87,694
Accrued interest excluded from total	$	5	$	11	$	10	$	10	$	14	$	38	$	209	$	297

	Mortgage - continued (1)
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans Amortized
	2021		2020		2019		2018		2017		Prior		Cost Basis		Total
	(In thousands)
September 30, 2021
Resort lending
_800 and above	$	101	$	710	$	189	$	275	$	-	$	8,296	$	-	$	9,571
_750-799		572		609		67		445		277		19,890		-		21,860
_700-749		-		119		-		374		67		9,517		-		10,077
_650-699		754		-		-		-		-		5,400		-		6,154
_600-649		-		-		-		-		-		1,503		-		1,503
_550-599		-		-		-		-		-		518		-		518
_500-549		-		-		-		-		-		288		-		288
Under 500		-		-		-		-		-		-		-		-
Unknown		-		-		-		-		-		-		-		-
Total	$	1,427	$	1,438	$	256	$	1,094	$	344	$	45,412	$	-	$	49,971
Accrued interest excluded from total	$	2	$	4	$	1	$	3	$	1	$	141	$	-	$	152

Total Mortgage
_800 and above	$	40,366	$	40,866	$	16,537	$	7,049	$	8,996	$	20,256	$	16,774	$	150,844
_750-799		177,672		148,586		59,310		23,698		33,532		47,988		46,563		537,349
_700-749		70,186		51,299		21,916		12,426		19,360		45,938		22,383		243,508
_650-699		18,761		21,090		14,030		8,085		11,285		26,064		9,305		108,620
_600-649		792		3,628		4,421		1,898		4,832		16,005		1,262		32,838
_550-599		-		1,946		242		2,014		1,108		9,628		904		15,842
_500-549		-		-		1,117		551		1,958		5,239		275		9,140
Under 500		-		406		394		37		401		1,473		140		2,851
Unknown		-		-		-		-		-		-		-		-
Total	$	307,777	$	267,821	$	117,967	$	55,758	$	81,472	$	172,591	$	97,606	$	1,100,992
Accrued interest excluded from total	$	685	$	607	$	344	$	251	$	243	$	554	$	314	$	2,998

(1)	Credit scores have been updated within the last twelve months.

	Installment (1)
	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Total
	(In thousands)
September 30, 2021
Boat lending
_800 and above	$	10,987	$	5,319	$	6,684	$	5,542	$	3,385	$	4,879	$	36,796
_750-799		43,158		26,970		22,603		18,139		10,682		12,324		133,876
_700-749		16,626		10,219		8,701		5,272		3,406		4,362		48,586
_650-699		2,025		2,075		1,705		1,301		1,064		1,798		9,968
_600-649		58		121		311		221		196		417		1,324
_550-599		-		15		48		171		74		328		636
_500-549		-		-		31		3		206		92		332
Under 500		-		-		-		20		8		-		28
Unknown		-		-		-		-		-		-		-
Total	$	72,854	$	44,719	$	40,083	$	30,669	$	19,021	$	24,200	$	231,546
Accrued interest excluded from total	$	151	$	108	$	111	$	79	$	50	$	54	$	553

Recreational vehicle lending
_800 and above	$	14,475	$	4,532	$	5,344	$	4,957	$	2,644	$	3,786	$	35,738
_750-799		56,744		24,800		19,363		12,607		6,152		7,545		127,211
_700-749		28,114		10,949		6,054		4,543		1,707		2,481		53,848
_650-699		2,659		3,035		2,304		997		437		1,071		10,503
_600-649		39		297		455		400		160		206		1,557
_550-599		-		86		154		106		64		162		572
_500-549		-		32		-		158		12		80		282
Under 500		-		-		21		-		10		9		40
Unknown		-		-		-		-		-		-		-
Total	$	102,031	$	43,731	$	33,695	$	23,768	$	11,186	$	15,340	$	229,751
Accrued interest excluded from total	$	235	$	106	$	86	$	60	$	30	$	32	$	549

Other
_800 and above	$	2,935	$	1,656	$	1,744	$	1,108	$	444	$	881	$	8,768
_750-799		11,318		9,893		6,445		3,367		2,335		3,139		36,497
_700-749		9,294		6,098		4,176		2,263		1,176		2,058		25,065
_650-699		17,399		2,351		1,569		743		702		1,432		24,196
_600-649		599		343		419		353		231		587		2,532
_550-599		1		72		56		119		82		159		489
_500-549		-		32		45		130		61		91		359
Under 500		-		-		43		1		17		29		90
Unknown		891		-		-		-		-		-		891
Total	$	42,437	$	20,445	$	14,497	$	8,084	$	5,048	$	8,376	$	98,887
Accrued interest excluded from total	$	67	$	44	$	43	$	23	$	13	$	39	$	229

Total installment
_800 and above	$	28,397	$	11,507	$	13,772	$	11,607	$	6,473	$	9,546	$	81,302
_750-799		111,220		61,663		48,411		34,113		19,169		23,008		297,584
_700-749		54,034		27,266		18,931		12,078		6,289		8,901		127,499
_650-699		22,083		7,461		5,578		3,041		2,203		4,301		44,667
_600-649		696		761		1,185		974		587		1,210		5,413
_550-599		1		173		258		396		220		649		1,697
_500-549		-		64		76		291		279		263		973
Under 500		-		-		64		21		35		38		158
Unknown		891		-		-		-		-		-		891
Total	$	217,322	$	108,895	$	88,275	$	62,521	$	35,255	$	47,916	$	560,184
Accrued interest excluded from total	$	453	$	258	$	240	$	162	$	93	$	125	$	1,331

(1)	Credit scores have been updated within the last twelve months.

The following tables summarize credit scores by loan class for our mortgage and installment loan portfolio segments at December 31, 2020:

	Mortgage
	1-4 Family Owner Occupied - Jumbo		1-4 Family Owner Occupied - Non-jumbo		1-4 Family Non-owner Occupied		1-4 Family 2nd Lien		Resort Lending		Total
	(In thousands)
December 31, 2020
_800 and above	$	61,077	$	40,187	$	25,468	$	12,490	$	9,546	$	148,768
_750-799		223,177		70,642		82,124		42,138		27,530		445,611
_700-749		101,086		75,489		30,326		22,962		11,726		241,589
_650-699		40,296		44,344		13,182		11,269		6,393		115,484
_600-649		11,146		18,519		4,303		2,703		1,670		38,341
_550-599		-		11,021		2,388		1,608		917		15,934
_500-549		3,396		5,129		1,580		1,012		192		11,309
_Under 500		-		2,242		405		348		73		3,068
_Total	$	440,178	$	267,573	$	159,776	$	94,530	$	58,047	$	1,020,104
Accrued interest included in total	$	1,301	$	1,641	$	587	$	373	$	276	$	4,178

	Installment
	Boat Lending		Recreational Vehicle Lending		Other		Total
	(In thousands)
December 31, 2020
_800 and above	$	32,231	$	29,223	$	9,154	$	70,608
_750-799		123,689		95,890		37,512		257,091
_700-749		38,223		33,476		25,262		96,961
_650-699		10,189		8,794		21,138		40,121
_600-649		2,083		1,305		3,730		7,118
_550-599		661		551		1,299		2,511
_500-549		342		283		767		1,392
_Under 500		95		52		63		210
_Unknown		-		-		510		510
_Total	$	207,513	$	169,574	$	99,435	$	476,522
Accrued interest included in total	$	572	$	457	$	156	$	1,185

Foreclosed residential real estate properties included in other real estate and repossessed assets on our Condensed Consolidated Statements of Financial Condition totaled $0.2 million and $0.7 million at September 30, 2021 and December 31, 2020, respectively. Retail mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process according to local requirements totaled $0.2 million and $0.3 million at September 30, 2021 and December 31, 2020, respectively.

During the first quarter of 2020, we securitized $26.3 million of portfolio residential fixed rate mortgage loans servicing retained with Freddie Mac and recognized a gain on sale of $0.72 million. We also sold $2.4 million of portfolio residential fixed rate mortgage loans servicing retained into the secondary market and recognized a gain on sale of $0.07 million. These transactions were done primarily for asset/liability management purposes.

Shareholders' Equity and Earnings Per Common Share

9 Months Ended

Sep. 30, 2021

Shareholders' Equity and Earnings Per Common Share

5.	Shareholders’ Equity and Earnings Per Common Share

On December 18, 2020, our Board of Directors authorized a share repurchase plan (the “Repurchase Plan”) to buy back up to 1,100,000 shares of our outstanding common stock through December 31, 2021. Shares would be repurchased through open market transactions, though we could execute repurchases through other means, such as privately negotiated transactions. The timing and amount of any share repurchases will depend on a variety of factors, including, among others, securities law restrictions, the trading price of our common stock, regulatory requirements, potential alternative uses for capital, and our financial performance. During the nine month periods ended September 30, 2021 and 2020 repurchases were made totaling 659,350 shares and 678,929 shares of common stock, respectively, for an aggregate purchase price of $13.8 million and $13.8 million, respectively.

A reconciliation of basic and diluted net income per common share follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(In thousands, except per share data)
Net income	$	15,962	$	19,584	$	50,387	$	39,166

Weighted average shares outstanding (1)		21,516		21,881		21,696		22,014
Stock units for deferred compensation plan for non-employee directors		118		117		119		119
Effect of stock options		60		85		71		90
Performance share units		32		32		32		33
Weighted average shares outstanding for calculation of diluted earnings per share		21,726		22,115		21,918		22,256

Net income per common share
Basic (1)	$	0.74	$	0.90	$	2.32	$	1.78
Diluted	$	0.73	$	0.89	$	2.30	$	1.76

(1)	Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.

Weighted average stock options outstanding that were not considered in computing diluted net income per common share because they were anti-dilutive were zero for the three and nine month periods ended September 30, 2021 and 2020.

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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Derivative Financial Instruments [Abstract]

Derivative Financial Instruments

9 Months Ended

Sep. 30, 2021

Derivative Financial Instruments

6.	Derivative Financial Instruments

We are required to record derivatives on our Condensed Consolidated Statements of Financial Condition as assets and liabilities measured at their fair value. The accounting for increases and decreases in the value of derivatives depends upon the use of derivatives and whether the derivatives qualify for hedge accounting.

Our derivative financial instruments according to the type of hedge in which they are designated follows:

	September 30, 2021
	Notional Amount		Average Maturity (years)		Fair Value
	(Dollars in thousands)
Fair value hedge designation
Pay-fixed interest rate swap agreements - commercial	$	6,839		7.6	$	(453	)
Pay-fixed interest rate swap agreements - securities available for sale		148,895		6.1		3,271
Total	$	155,734		6.2	$	2,818

No hedge designation
Rate-lock mortgage loan commitments	$	184,611		0.1	$	3,535
Mandatory commitments to sell mortgage loans		158,546		0.1		448
Interest rate swaption agreement		10,000		0.5		164
Pay-fixed interest rate swap agreements - commercial		167,203		4.7		(5,965	)
Pay-variable interest rate swap agreements - commercial		167,203		4.7		5,965
Interest rate cap agreements		120,000		1.2		11
Purchased options		393		0.2		1
Written options		393		0.2		(1	)
Total	$	808,349		2.2	$	4,158

	December 31, 2020
	Notional Amount		Average Maturity (years)		Fair Value
	(Dollars in thousands)
Fair value hedge designation
Pay-fixed interest rate swap agreements - commercial	$	7,088		8.4	$	(776	)
Pay-fixed interest rate swap agreements - securities available for sale		41,950		7.1		15
Total	$	49,038		7.3	$	(761	)

No hedge designation
Rate-lock mortgage loan commitments	$	168,816		0.1	$	7,020
Mandatory commitments to sell mortgage loans		186,092		0.1		(941	)
Pay-fixed interest rate swap agreements - commercial		147,456		4.5		(9,700	)
Pay-variable interest rate swap agreements - commercial		147,456		4.5		9,700
Pay-fixed interest rate swap agreements		25,000		0.6		(295	)
Interest rate cap agreements		135,000		1.8		5
Purchased options		2,908		0.5		42
Written options		2,848		0.5		(42	)
Total	$	815,576		2.0	$	5,789

We have used variable-rate and short-term fixed-rate (less than 12 months) debt obligations to fund a portion of our Condensed Consolidated Statements of Financial Condition, which exposed us to variability in interest rates. To meet our asset/liability management objectives, we may periodically enter into derivative financial instruments to mitigate exposure to fluctuations in cash flows resulting from changes in interest rates (“Cash Flow Hedges”). Cash Flow Hedges had included certain pay-fixed interest rate swap and interest rate cap agreements. Pay-fixed interest rate swap agreements convert the variable-rate cash flows on debt obligations to fixed-rates. Under interest-rate cap agreements, we will receive cash if interest rates rise above a predetermined level. As a result, we effectively have variable-rate debt with an established maximum rate. We paid an upfront premium on interest rate caps which was recognized in earnings in the same period in which the hedged item affected earnings. During the first and third quarters of 2020 we transferred all of our Cash Flow Hedge interest rate cap and pay-fixed interest rate swap agreements, respectively to a no hedge designation. The $2.0 million and $0.5 million unrealized loss on our Cash Flow Hedge interest rate cap and pay-fixed interest rate swap agreements, respectively, which were included as a component of accumulated other comprehensive income at the time of the transfers, were being reclassified into earnings over the remaining life of the interest rate cap agreements and pay-fixed interest rate swap agreements. In the fourth quarter of 2020 it became probable that the forecasted transactions being hedged by these interest rate cap and pay-fixed interest rate swap agreements would not occur by the end of the originally specified time period. As a result, all remaining unrealized losses included as a component of accumulated other comprehensive income were reclassified into earnings at that time. The interest rate cap and pay-fixed interest rate swap agreements are now classified as a no hedge designation at September 30, 2021 and any changes in fair value since the transfers to the no hedge designation are recorded in earnings.

We have entered into a pay-fixed interest rate swap to protect a portion of the fair value of a certain fixed rate commercial loan (‘‘Fair Value Hedge – Commercial Loan’’). As a result, changes in the fair value of the pay-fixed interest rate swap is expected to offset changes in the fair value of the fixed rate commercial loan due to fluctuations in interest rates. We record the fair value of Fair Value Hedge – Commercial Loan in accrued income and other assets and accrued expenses and other liabilities on our Condensed Consolidated Statements of Financial Condition. The hedged item (fixed rate commercial loan) is also recorded at fair value which offsets the adjustment to the Fair Value Hedge – Commercial Loan. On an ongoing basis, we adjust our Condensed Consolidated Statements of Financial Condition to reflect the then current fair value of both the Fair Value Hedge – Commercial Loan and the hedged item. The related gains or losses are reported in interest income – interest and fees on loans in our Condensed Consolidated Statements of Operations.

We have entered into pay-fixed interest rate swaps to protect a portion of the fair value of certain securities available for sale (‘‘Fair Value Hedge – AFS Securities’’). As a result, the change in the fair value of the pay-fixed interest rate swaps is expected to offset a portion of the change in the fair value of the fixed rate securities available for sale due to fluctuations in interest rates. We record the fair value of Fair Value Hedge – AFS Securities in accrued income and other assets and accrued expenses and other liabilities on our Condensed Consolidated Statements of Financial Condition. The hedged items (fixed rate securities available for sale) are also recorded at fair value which offsets the adjustment to the Fair Value Hedge – AFS Securities. On an ongoing basis, we adjust our Condensed Consolidated Statements of Financial Condition to reflect the then current fair value of both the Fair Value Hedge – AFS Securities and the hedged item. The related gains or losses are reported in interest income – interest on securities available for sale – tax-exempt in our Condensed Consolidated Statements of Operations.

Certain financial derivative instruments have not been designated as hedges. The fair value of these derivative financial instruments has been recorded on our Condensed Consolidated Statements of Financial Condition and is adjusted on an ongoing basis to reflect their then current fair value. The changes in fair value of derivative financial instruments not designated as hedges are recognized in our Condensed Consolidated Statements of Operations.

In the ordinary course of business, we enter into rate-lock mortgage loan commitments with customers (“Rate-Lock Commitments”). These commitments expose us to interest rate risk. We also enter into mandatory commitments to sell mortgage loans (“Mandatory Commitments”) to reduce the impact of price fluctuations of mortgage loans held for sale and Rate-Lock Commitments. Mandatory Commitments help protect our loan sale profit margin from fluctuations in interest rates. The changes in the fair value of Rate-Lock Commitments and Mandatory Commitments are recognized currently as part of net gains on mortgage loans in our Condensed Consolidated Statements of Operations. We obtain market prices on Mandatory Commitments and Rate-Lock Commitments. Net gains on mortgage loans, as well as net income may be more volatile as a result of these derivative instruments, which are not designated as hedges.

We have purchased a swaption agreement, whereby we have the right but not the obligation to pay fixed on an interest rate swap at a future date, in an attempt to reduce the impact of price fluctuations of certain mortgage construction loans held for sale. The changes in the fair value of the swaption agreement is recognized currently as part of net gains on mortgage loans in our Condensed Consolidated Statements of Operations.

In prior periods we offered to our deposit customers an equity linked time deposit product (“Altitude CD”). The Altitude CD was a time deposit that provides the customer a guaranteed return of principal at maturity plus a potential equity return (a written option), while we receive a like stream of funds based on the equity return (a purchased option). The written and purchased options will generally move in opposite directions resulting in little or no net impact on our Condensed Consolidated Statements of Operations. All of the written and purchased options in the table above relate to this Altitude CD product.

We have a program that allows commercial loan customers to lock in a fixed rate for a longer period of time than we would normally offer for interest rate risk reasons. We will enter into a variable rate commercial loan and an interest rate swap agreement with a customer and then enter into an offsetting interest rate swap agreement with an unrelated party. The interest rate swap agreement fair values will generally move in opposite directions resulting in little or no net impact on our Condensed Consolidated Statements of Operations. All of the interest rate swap agreements noted as commercial in the table above with no hedge designation relate to this program.

The following tables illustrate the impact that the derivative financial instruments discussed above have on individual line items in the Condensed Consolidated Statements of Financial Condition for the periods presented:

Fair Values of Derivative Instruments

	Asset Derivatives								Liability Derivatives
	September 30, 2021				December 31, 2020				September 30, 2021				December 31, 2020
	Balance Sheet Location		Fair Value		Balance Sheet Location		Fair Value		Balance Sheet Location		Fair Value		Balance Sheet Location		Fair Value
	(In thousands)
Derivatives designated as hedging instruments		-				-				-				-
Pay-fixed interest rate swap agreements	Other assets		$	3,271	Other assets		$	15	Other liabilities		$	453	Other liabilities		$	776

Derivatives not designated as hedging instruments
Rate-lock mortgage loan commitments	Other assets			3,535	Other assets			7,020	Other liabilities			-	Other liabilities			-
Mandatory commitments to sell mortgage loans	Other assets			448	Other assets			-	Other liabilities			-	Other liabilities			941
Interest rate swaption agreement	Other assets			164	Other assets			-	Other liabilities			-	Other liabilities			-
Pay-fixed interest rate swap agreements - commercial	Other assets			82	Other assets			-	Other liabilities			6,047	Other liabilities			9,700
Pay-variable interest rate swap agreements - commercial	Other assets			6,047	Other assets			9,700	Other liabilities			82	Other liabilities			-
Pay-fixed interest rate swap agreements	Other assets			-	Other assets			-	Other liabilities			-	Other liabilities			295
Interest rate cap agreements	Other assets			11	Other assets			5	Other liabilities			-	Other liabilities			-
Purchased options	Other assets			1	Other assets			42	Other liabilities			-	Other liabilities			-
Written options	Other assets			-	Other assets			-	Other liabilities			1	Other liabilities			42
				10,288				16,767				6,130				10,978
Total derivatives			$	13,559			$	16,782			$	6,583			$	11,754

The effect of derivative financial instruments on the Condensed Consolidated Statements of Operations follows:

Three Month Periods Ended September 30,
	Loss Recognized in Other Comprehensive Income (Loss) (Effective Portion)							Location of Loss Reclassified from Accumulated Other Comprehensive Income into Income (Effective	Loss Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)							Location of Gain (Loss) Recognized	Gain (Loss) Recognized in Income
	2021			2020				Portion)	2021			2020				in Income	2021			2020
	(In thousands)
Fair Value Hedges
Pay-fixed interest rate swap agreement - Commercial loan																Interest and fees on loans	$	63		$	6
Pay-fixed interest rate swap agreement - Securities available for sale																Interest on securities available for sale - tax - exempt		617			-
Total																	$	680		$	6
Cash Flow Hedges
Interest rate cap agreements		$	-		$	-		Interest expense		$	-		$	(180	)
Pay-fixed interest rate swap agreements			-			(26	)	Interest expense			-			(130	)
Total		$	-		$	(26	)			$	-		$	(310	)
No hedge designation
Rate-lock mortgage loan commitments																Net gains on mortgage loans	$	(821	)	$	1,096
Mandatory commitments to sell mortgage loans																Net gains on mortgage loans		579			52
Interest rate swaption agreement																Net gains on mortgage loans		2			-
Pay-fixed interest rate swap agreements - commercial																Interest income		908			688
Pay-variable interest rate swap agreements - commercial																Interest income		(908	)		(688	)
Pay-fixed interest rate swap agreements																Interest expense		57			117
Interest rate cap agreements																Interest expense		(5	)		(14	)
Purchased options																Interest expense		(70	)		(10	)
Written options																Interest expense		70			10
Total																	$	(188	)	$	1,251

Nine Month Periods Ended September 30,
	Gain (Loss) Recognized in Other Comprehensive Income (Loss) (Effective Portion)							Location of Loss Reclassified from Accumulated Other Comprehensive Income into Income (Effective	Loss Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)							Location of Gain (Loss) Recognized	Gain (Loss) Recognized in Income
	2021			2020				Portion)	2021			2020				in Income	2021			2020
	(In thousands)
Fair Value Hedges
Pay-fixed interest rate swap agreement - Commercial loan																Interest and fees on loans	$	323		$	(618	)
Pay-fixed interest rate swap agreement - Securities available for sale																Interest on securities available for sale - tax - exempt		3,256			-
Total																	$	3,579		$	(618	)
Cash Flow Hedges
Interest rate cap agreements		$	-		$	126		Interest expense		$	-		$	(413	)
Pay-fixed interest rate swap agreements			-			(480	)	Interest expense			-			(233	)
Total		$	-		$	(354	)			$	-		$	(646	)
No hedge designation
Rate-lock mortgage loan commitments																Net gains on mortgage loans	$	(3,485	)	$	6,944
Mandatory commitments to sell mortgage loans																Net gains on mortgage loans		1,389			(430	)
Interest rate swaption agreement																Net gains on mortgage loans		(25	)		-
Pay-fixed interest rate swap agreements - commercial																Interest income		3,735			(7,170	)
Pay-variable interest rate swap agreements - commercial																Interest income		(3,735	)		7,170
Pay-fixed interest rate swap agreements																Interest expense		295			117
Interest rate cap agreements																Interest expense		6			(56	)
Purchased options																Interest expense		(41	)		(111	)
Written options																Interest expense		41			109
Total																	$	(1,820	)	$	6,573

Goodwill and Other Intangibles

9 Months Ended

Sep. 30, 2021

Goodwill and Other Intangibles [Abstract]

Goodwill and Other Intangibles

7.	Goodwill and Other Intangibles

The following table summarizes intangible assets, net of amortization:

	September 30, 2021				December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
	(In thousands)

Amortized intangible assets - core deposits	$	11,916	$	8,337	$	11,916	$	7,610
Unamortized intangible assets - goodwill	$	28,300			$	28,300

A summary of estimated core deposits intangible amortization at September 30, 2021 follows:

	(In thousands)

Three months ending December 31, 2021	$	243
2022		785
2023		547
2024		516
2025		487
2026 and thereafter		1,001
Total	$	3,579

Share Based Compensation

9 Months Ended

Sep. 30, 2021

Share Based Compensation [Abstract]

Share Based Compensation

8.	Share Based Compensation

We maintain share based payment plans that include a non-employee director stock purchase plan and a long-term incentive plan that permits the issuance of share based compensation, including stock options and non-vested share awards. The long-term incentive plan, which is shareholder approved, permits the grant of additional share based awards for up to 0.7 million shares of common stock as of September 30, 2021. The non-employee director stock purchase plan permits the issuance of additional share based payments for up to 0.1 million shares of common stock as of September 30, 2021. Share based awards and payments are measured at fair value at the date of grant and are expensed over the requisite service period. Common shares issued upon exercise of stock options come from currently authorized but unissued shares.

A summary of restricted stock and performance stock units (“PSU”) granted pursuant to our long-term incentive plan follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020

Restricted stock		-		3,000		85,584		55,996
PSU		-		-		23,981		20,897

The shares of restricted stock and PSUs shown in the above table cliff vest after a period of three years. The performance feature of the PSUs is based on a comparison of our total shareholder return over the three year period starting on the grant date to the total shareholder return over that period for an index of our banking peers.

Our directors may elect to receive all or a portion of their cash retainer fees in the form of common stock (either on a current basis or on a deferred basis) pursuant to the non-employee director stock purchase plan referenced above. Shares equal in value to that portion of each director’s fees that he or she has elected to receive in stock on a current basis are issued each quarter and vest immediately. Shares issued on a deferred basis are credited at the rate of 90% of the current fair value of our common stock and vest immediately. During the nine month periods ended September 30, 2021 and 2020 we issued 0.014 million and 0.016 million shares, respectively and expensed their value during those same periods.

Total compensation expense recognized for grants pursuant to our long-term incentive plan was $0.4 million and $1.2 million during the three and nine month periods ended September 30, 2021, respectively, and was $0.4 million and $1.2 million during the same periods in 2020, respectively. The corresponding tax benefit relating to this expense was $0.1 million and $0.2 million for the three and nine month periods ended September 30, 2021, respectively and $0.1 million and $0.3 million for the same periods in 2020. Total expense recognized for non-employee director share based payments was $0.09 million and $0.28 million during the three and nine month periods ended September 30, 2021, respectively, and was $0.09 million and $0.26 million during the same periods in 2020, respectively. The corresponding tax benefit relating to this expense was $0.02 million and $0.06 million for the three and nine month periods ended September 30, 2021, respectively and $0.02 million and $0.05 million during the same periods in 2020.

At September 30, 2021, the total expected compensation cost related to non-vested restricted stock and PSUs not yet recognized was $2.5 million. The weighted-average period over which this amount will be recognized is 2.0 years.

A summary of outstanding stock option grants and related transactions follows:

	Number of Shares			Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)		Aggregated Intrinsic Value
								(In thousands)
Outstanding at January 1, 2021		121,189		$	4.81
Granted		-
Exercised		(38,650	)		2.81
Forfeited		-
Expired		-
Outstanding at September 30, 2021		82,539		$	5.74		1.8	$	1,299

Vested and expected to vest at September 30, 2021		82,539		$	5.74		1.8	$	1,299
Exercisable at September 30, 2021		82,539		$	5.74		1.8	$	1,299

A summary of outstanding non-vested restricted stock and PSUs and related transactions follows:

	Number of Shares			Weighted- Average Grant Date Fair Value
Outstanding at January 1, 2021		207,117		$	22.70
Granted		109,565			20.45
Vested		(73,081	)		22.82
Forfeited		(13,907	)		21.93
Outstanding at September 30, 2021		229,694		$	21.64

Certain information regarding options exercised during the periods follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(In thousands)				(In thousands)
Intrinsic value	$	19	$	11	$	720	$	224
Cash proceeds received	$	5	$	4	$	109	$	46
Tax benefit realized	$	4	$	2	$	151	$	47

Income Tax

9 Months Ended

Sep. 30, 2021

Income Tax [Abstract]

Income Tax

9.	Income Tax

Income tax expense was $3.7 million and $4.8 million during the three month periods ended September 30, 2021 and 2020, respectively and $11.5 million and $9.2 million during the nine months ended September 30, 2021 and 2020, respectively. Our actual federal income tax expense is different than the amount computed by applying our statutory income tax rate to our income before income tax primarily due to tax-exempt interest income and tax-exempt income from the increase in the cash surrender value on life insurance. In addition, the three and nine month periods ending September 30, 2021 include (reductions) of ($0.003) million and ($0.168) million, respectively, of income tax expense related to the impact of the excess value of stock awards that vested and stock options that were exercised as compared to the initial fair values that were expensed. These amounts during the same periods in 2020 were increases (reductions) of $0.006 million and ($0.191) million, respectively.

We assess whether a valuation allowance should be established against our deferred tax assets based on the consideration of all available evidence using a “more likely than not” standard. The ultimate realization of this asset is primarily based on generating future income. We concluded at September 30, 2021, September 30, 2020 and December 31, 2020 that the realization of substantially all of our deferred tax assets continues to be more likely than not.

At both September 30, 2021 and December 31, 2020, we had approximately $0.2 million, of gross unrecognized tax benefits. We do not expect the total amount of unrecognized tax benefits to significantly increase or decrease during the balance of 2021.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Regulatory Matters

9 Months Ended

Sep. 30, 2021

Regulatory Matters [Abstract]

Regulatory Matters

10.	Regulatory Matters

Capital guidelines adopted by federal and state regulatory agencies and restrictions imposed by law limit the amount of cash dividends our Bank can pay to us. Under these guidelines, the amount of dividends that may be paid in any calendar year is limited to the Bank’s current year net profits, combined with the retained net profits of the preceding two years. Further, the Bank cannot pay a dividend at any time that it has negative undivided profits. As of September 30, 2021, the Bank had positive undivided profits of $95.1 million. It is not our intent to have dividends paid in amounts that would reduce the capital of our Bank to levels below those which we consider prudent or that would not be in accordance with guidelines of regulatory authorities.

We are also subject to various regulatory capital requirements. The prompt corrective action regulations establish quantitative measures to ensure capital adequacy and require minimum amounts and ratios of total, Tier 1, and common equity Tier 1 capital to risk-weighted assets and Tier 1 capital to average assets. Failure to meet minimum capital requirements can result in certain mandatory, and possibly discretionary, actions by regulators that could have a material effect on our interim condensed consolidated financial statements. In addition, capital adequacy rules include a common equity Tier 1 capital conservation buffer of 2.5% of risk-weighted assets that applies to all supervised financial institutions. To avoid limits on capital distributions and certain discretionary bonus payments we must meet the minimum ratio for adequately capitalized institutions plus the buffer. Under capital adequacy guidelines, we must meet specific capital requirements that involve quantitative measures as well as qualitative judgments by the regulators. The most recent regulatory filings as of September 30, 2021 and December 31, 2020, categorized our Bank as well capitalized. Management is not aware of any conditions or events that would have changed the most recent Federal Deposit Insurance Corporation (“FDIC”) categorization.

Our actual capital amounts and ratios follow (1):

	Actual					Minimum for Adequately Capitalized Institutions					Minimum for Well-Capitalized Institutions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
	(Dollars in thousands)
September 30, 2021
Total capital to risk-weighted assets
Consolidated	$	481,639		14.94	%	$	257,926		8.00	%	NA		NA
Independent Bank		431,416		13.39			257,701		8.00		$	322,127		10.00	%

Tier 1 capital to risk-weighted assets
Consolidated	$	401,335		12.45	%	$	193,445		6.00	%	NA		NA
Independent Bank		391,147		12.14			193,276		6.00		$	257,701		8.00	%

Common equity tier 1 capital to risk-weighted assets
Consolidated	$	362,984		11.26	%	$	145,084		4.50	%	NA		NA
Independent Bank		391,147		12.14			144,957		4.50		$	209,382		6.50	%

Tier 1 capital to average assets
Consolidated	$	401,335		8.98	%	$	178,771		4.00	%	NA		NA
Independent Bank		391,147		8.75			178,895		4.00		$	223,618		5.00	%

December 31, 2020
Total capital to risk-weighted assets
Consolidated	$	455,072		15.95	%	$	228,214		8.00	%	NA		NA
Independent Bank		401,005		14.06			228,111		8.00		$	285,139		10.00	%

Tier 1 capital to risk-weighted assets
Consolidated	$	379,395		13.30	%	$	171,161		6.00	%	NA		NA
Independent Bank		365,343		12.81			171,083		6.00		$	228,111		8.00	%

Common equity tier 1 capital to risk-weighted assets
Consolidated	$	341,095		11.96	%	$	128,370		4.50	%	NA		NA
Independent Bank		365,343		12.81			128,312		4.50		$	185,340		6.50	%

Tier 1 capital to average assets
Consolidated	$	379,395		9.15	%	$	165,825		4.00	%	NA		NA
Independent Bank		365,343		8.81			165,828		4.00		$	207,285		5.00	%

(1)	These ratios do not reflect a capital conservation buffer of 2.50% at September 30, 2021 and December 31, 2020.

NA - Not applicable

The components of our regulatory capital are as follows:

	Consolidated						Independent Bank
	September 30, 2021			December 31, 2020			September 30, 2021			December 31, 2020
	(In thousands)
Total shareholders' equity	$	400,031		$	389,522		$	428,194		$	413,770
Add (deduct)
Accumulated other comprehensive income for regulatory purposes		(12,895	)		(15,821	)		(12,895	)		(15,821	)
Goodwill and other intangibles		(31,879	)		(32,606	)		(31,879	)		(32,606	)
CECL (1)		7,727			-			7,727			-
Common equity tier 1 capital		362,984			341,095			391,147			365,343
Qualifying trust preferred securities		38,351			38,300			-			-
Tier 1 capital		401,335			379,395			391,147			365,343
Subordinated debt		40,000			40,000			-			-
Allowance for credit losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets (2)		40,304			35,677			40,269			35,662
Total risk-based capital	$	481,639		$	455,072		$	431,416		$	401,005

(1)	We elected the three year CECL transition method for regulatory purposes.

(2)	Beginning January 1, 2021, calculation of allowances are based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

Fair Value Disclosures

9 Months Ended

Sep. 30, 2021

Fair Value Disclosures [Abstract]

Fair Value Disclosures

11.	Fair Value Disclosures

FASB ASC topic 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. FASB ASC topic 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.

The standard describes three levels of inputs that may be used to measure fair value:

Level 1: Valuation is based upon quoted prices for identical instruments traded in active markets. Level 1 instruments include securities traded on active exchange markets, such as the New York Stock Exchange, as well as U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets.

Level 2: Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level 2 instruments include securities traded in less active dealer or broker markets.

Level 3: Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of option pricing models, discounted cash flow models and similar techniques.

We used the following methods and significant assumptions to estimate fair value:

Securities: Where quoted market prices are available in an active market, securities available for sale are classified as Level 1 of the valuation hierarchy. We currently do not have any Level 1 securities. If quoted market prices are not available for the specific security, then fair values are estimated by (1) using quoted market prices of securities with similar characteristics, (2) matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices, or (3) a discounted cash flow analysis whose significant fair value inputs can generally be verified and do not typically involve judgment by management. These securities are classified as Level 2 of the valuation hierarchy and primarily include agency securities, private label mortgage-backed securities, other asset backed securities, obligations of states and political subdivisions, trust preferred securities, corporate securities and foreign government securities.

Loans held for sale: The fair value of mortgage loans held for sale, carried at fair value is based on agency cash window loan pricing for comparable assets (recurring Level 2).

Collateral dependent loans with specific loss allocations based on collateral value: From time to time, certain collateral dependent loans will have an ACL established. When the fair value of the collateral is based on an appraised value or when an appraised value is not available we record the collateral dependent loan as nonrecurring Level 3. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments can be significant and thus will typically result in a Level 3 classification of the inputs for determining fair value.

Other real estate: At the time of acquisition, other real estate is recorded at fair value, less estimated costs to sell, which becomes the property’s new basis. Subsequent write-downs to reflect declines in value since the time of acquisition may occur from time to time and are recorded in net (gains) losses on other real estate and repossessed assets, which is part of non-interest expense - other in the Condensed Consolidated Statements of Operations. The fair value of the property used at and subsequent to the time of acquisition is typically determined by a third party appraisal of the property. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments can be significant and typically result in a Level 3 classification of the inputs for determining fair value.

Appraisals for both collateral-dependent loans and other real estate are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by us. Once received, an independent third party, or a member of our Collateral Evaluation Department (for commercial properties), or a member of our Special Assets Group (for residential properties) reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics. We compare the actual selling price of collateral that has been sold to the most recent appraised value of our properties to determine what additional adjustment, if any, should be made to the appraisal value to arrive at fair value. For commercial and residential properties we typically discount an appraisal to account for various factors that the appraisal excludes in its assumptions. These additional discounts generally do not result in material adjustments to the appraised value.

Capitalized mortgage loan servicing rights: The fair value of capitalized mortgage loan servicing rights is based on a valuation model used by an independent third party that calculates the present value of estimated net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income. Certain model assumptions are generally unobservable and are based upon the best information available including data relating to our own servicing portfolio, reviews of mortgage servicing assumption and valuation surveys and input from various mortgage servicers and, therefore, are recorded as Level 3. Management evaluates the third party valuation for reasonableness each quarter as part of our financial reporting control processes.

Derivatives: The fair value of rate-lock mortgage loan commitments is based on agency cash window loan pricing for comparable assets and the fair value of mandatory commitments to sell mortgage loans is based on mortgage backed security pricing for comparable assets (recurring Level 2). The fair value of interest rate swap, interest rate cap and swaption agreements are derived from proprietary models which utilize current market data. The significant fair value inputs can generally be observed in the market place and do not typically involve judgment by management (recurring Level 2). The fair value of purchased and written options is based on prices of financial instruments with similar characteristics and do not typically involve judgment by management (recurring Level 2).

Assets and liabilities measured at fair value, including financial assets for which we have elected the fair value option, were as follows:

			Fair Value Measurements Using
	Fair Value Measure- ments		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Un- observable Inputs (Level 3)
	(In thousands)
September 30, 2021:
Measured at Fair Value on a Recurring Basis
Assets
Securities available for sale
U.S. agency	$	13,418	$	-	$	13,418	$	-
U.S. agency residential mortgage-backed		337,860		-		337,860		-
U.S. agency commercial mortgage-backed		18,608		-		18,608		-
Private label mortgage-backed		82,311		-		82,311		-
Other asset backed		176,121		-		176,121		-
Obligations of states and political subdivisions		564,222		-		564,222		-
Corporate		153,503		-		153,503		-
Trust preferred		1,826		-		1,826		-
Foreign government		509		-		509		-
Loans held for sale, carried at fair value		78,731		-		78,731		-
Capitalized mortgage loan servicing rights		24,208		-		-		24,208
Derivatives (1)		13,559		-		13,559		-
Liabilities
Derivatives (2)		6,583		-		6,583		-

Measured at Fair Value on a Non-recurring Basis:
Assets
Collateral dependent loans (3)
Commercial
Commercial and industrial		411		-		-		411
Commercial real estate		101		-		-		101
Mortgage
1-4 family owner occupied - non-jumbo		461		-		-		461
1-4 family non-owner occupied		180		-		-		180
1-4 family - 2nd lien		190		-		-		190
Resort lending		199		-		-		199
Installment
Boat lending		42		-		-		42
Recreational vehicle lending		28		-		-		28
Other		116		-		-		116

(1)	Included in accrued income and other assets

(2)	Included in accrued expenses and other liabilities

(3)	Only includes individually evaluated loans with specific loss allocations based on collateral value.

			Fair Value Measurements Using
	Fair Value Measure- ments		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Un- observable Inputs (Level 3)
	(In thousands)
December 31, 2020:
Measured at Fair Value on a Recurring Basis
Assets
Securities available for sale
U.S. agency	$	10,748	$	-	$	10,748	$	-
U.S. agency residential mortgage-backed		344,582		-		344,582		-
U.S. agency commercial mortgage-backed		7,195		-		7,195		-
Private label mortgage-backed		42,829		-		42,829		-
Other asset backed		254,181		-		254,181		-
Obligations of states and political subdivisions		324,293		-		324,293		-
Corporate		86,017		-		86,017		-
Trust preferred		1,798		-		1,798		-
Foreign government		516		-		516		-
Loans held for sale, carried at fair value		92,434		-		92,434		-
Capitalized mortgage loan servicing rights		16,904		-		-		16,904
Derivatives (1)		16,782		-		16,782		-
Liabilities
Derivatives (2)		11,754		-		11,754		-

Measured at Fair Value on a Non-recurring Basis:
Assets
Impaired loans (3)
Commercial
Commercial and industrial		1,468		-		-		1,468
Commercial real estate		6,586		-		-		6,586
Mortgage
1-4 family owner occupied - jumbo		-		-		-		-
1-4 family owner occupied - non-jumbo		321		-		-		321
1-4 family non-owner occupied		155		-		-		155
1-4 family - 2nd lien		324		-		-		324
Resort lending		61		-		-		61
Installment
Boat lending		4		-		-		4
Recreational vehicle lending		31		-		-		31
Other		124		-		-		124
Other real estate (4)
1-4 family owner occupied - non-jumbo		102		-		-		102

(1)	Included in accrued income and other assets

(2)	Included in accrued expenses and other liabilities

(3)	Only includes impaired loans with specific loss allocations based on collateral value.

(4)	Only includes other real estate with subsequent write downs to fair value.

Changes in fair values for financial assets which we have elected the fair value option for the periods presented were as follows:

	Changes in Fair Values for the Nine-Month Periods Ended September 30 for Items Measured at Fair Value Pursuant to Election of the Fair Value Option
	Net Gains on Assets				Mortgage			Total Change in Fair Values Included in Current
	Mortgage Loans				Loan Servicing, net			Period Earnings
	(In thousands)
2021
Loans held for sale		$	(2,299	)	$	-			$	(2,299	)
Capitalized mortgage loan servicing rights			-			(1,333	)			(1,333	)

2020
Loans held for sale			2,081			-				2,081
Capitalized mortgage loan servicing rights			-			(14,028	)			(14,028	)

For those items measured at fair value pursuant to our election of the fair value option, interest income is recorded within the Condensed Consolidated Statements of Operations based on the contractual amount of interest income earned on these financial assets and dividend income is recorded based on cash dividends received.

The following represent impairment charges recognized during the three and nine month periods ended September 30, 2021 and 2020 relating to assets measured at fair value on a non-recurring basis:

•

Loans that are individually evaluated using the fair value of collateral for collateral dependent loans had a carrying amount of $1.7 million, which is net of a valuation allowance of $0.9 million at September 30, 2021, and had a carrying amount of $9.1 million, which is net of a valuation allowance of $1.8 million at December 31, 2020. The provision for credit losses included in our results of operations relating to collateral dependent loans was a net expense of $0.2 million for both the three month periods ending September 30, 2021 and 2020, and a net expense of $0.2 million and $1.1 million for the nine month periods ending September 30, 2021 and 2020, respectively.

•

Other real estate, which is measured using the fair value of the property, had a carrying amount of zero which is net of a valuation allowance of $0.03 million at September 30, 2021, and a carrying amount of $0.10 million which is net of a valuation allowance of $0.09 million, at December 31, 2020. Charges included in our results of operations relating to other real estate measured at fair value were zero during both the three and nine month periods ended September 30, 2021, and were zero and $0.09 million during the three and nine month periods ended September 30, 2020.

A reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) follows:

	Capitalized Mortgage Loan Servicing Rights
	Three Months Ended September 30,						Nine Months Ended September 30,
	2021			2020			2021			2020
	(In thousands)						(In thousands)
Beginning balance	$	22,431		$	13,773		$	16,904		$	19,171
Total losses realized and unrealized:
Included in results of operations		(752	)		(2,387	)		(1,333	)		(14,028	)
Included in other comprehensive income (loss)		-			-			-			-
Purchases, issuances, settlements, maturities and calls		2,529			4,017			8,637			10,260
Transfers in and/or out of Level 3		-			-			-			-
Ending balance	$	24,208		$	15,403		$	24,208		$	15,403

Amount of total losses for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at September 30	$	(752	)	$	(2,387	)	$	(1,333	)	$	(14,028	)

The fair value of our capitalized mortgage loan servicing rights has been determined based on a valuation model used by an independent third party as discussed above. The significant unobservable inputs used in the fair value measurement of the capitalized mortgage loan servicing rights are discount rate, cost to service, ancillary income, float rate and prepayment rate. Significant changes in all five of these assumptions in isolation would result in significant changes to the value of our capitalized mortgage loan servicing rights. Quantitative information about our Level 3 fair value measurements measured on a recurring basis follows:

	Asset Fair Value		Valuation Technique		Unobservable Inputs		Range			Weighted Average
	(In thousands)			-		-		-
September 30, 2021
Capitalized mortgage loan servicing rights	$	24,208	Present value of net		Discount rate		10.00% to 13.00		%		10.07	%
			servicing revenue		Cost to service		$	68 to $815		$	81
					Ancillary income		17 to 30				21
					Float rate			1.05	%		1.05	%
					Prepayment rate		7.02% to 44.43		%		14.21	%
December 31, 2020
Capitalized mortgage loan servicing rights	$	16,904	Present value of net		Discount rate		10.00% to 13.00		%		10.09	%
			servicing revenue		Cost to service		$	69 to $289		$	79
					Ancillary income		20 to 37				22
					Float rate			0.43	%		0.43	%
					Prepayment rate		7.92% to 64.70		%		20.85	%

Quantitative information about Level 3 fair value measurements measured on a non-recurring basis follows:

Asset

Fair

Value

Valuation

Technique

Unobservable

Inputs

Range

Weighted

Average

(In thousands)

September 30, 2021

Collateral dependent loans

Commercial

512

Sales comparison approach

Adjustment for differences between comparable sales

(12.5)% to 12.0%

(1.6)%

Mortgage and Installment(1)

1,216

Sales comparison approach

Adjustment for differences between comparable sales

(24.2) to 76.9

1.7

December 31, 2020

Collateral dependent loans

Commercial

8,054

Sales comparison approach

Adjustment for differences between comparable sales

(40.0)% to 75.0%

3.8%

Mortgage and Installment(1)

1,020

Sales comparison approach

Adjustment for differences between comparable sales

(73.3) to 104.6

(1.5)

Other real estate

Mortgage

102

Sales comparison approach

Adjustment for differences between comparable sales

(13.1) to 2.4

(3.6)

(1)

In addition to the valuation techniques and unobservable inputs discussed above, at September 30, 2021 and December 31, 2020 certain collateral dependent installment loans totaling approximately $0.19 million and $0.16 million, respectively are secured by collateral other than real estate. For the majority of these loans, we apply internal discount rates to industry valuation guides.

The following table reflects the difference between the aggregate fair value and the aggregate remaining contractual principal balance outstanding for loans held for sale for which the fair value option has been elected for the periods presented.

	Aggregate Fair Value		Difference		Contractual Principal
	(In thousands)
Loans held for sale
September 30, 2021	$	78,731	$	1,557	$	77,174
December 31, 2020		92,434		3,856		88,578

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Fair Values of Financial Instruments [Abstract]

Fair Values of Financial Instruments

9 Months Ended

Sep. 30, 2021

Fair Values of Financial Instruments

12.	Fair Values of Financial Instruments

Most of our assets and liabilities are considered financial instruments. Many of these financial instruments lack an available trading market and it is our general practice and intent to hold the majority of our financial instruments to maturity. Significant estimates and assumptions were used to determine the fair value of financial instruments. These estimates are subjective in nature, involving uncertainties and matters of judgment, and therefore, fair values may not be a precise estimate. Changes in assumptions could significantly affect the estimates.

Estimated fair values have been determined using available data and methodologies that are considered suitable for each category of financial instrument. For instruments with adjustable interest rates which reprice frequently and without significant credit risk, it is presumed that estimated fair values approximate the recorded book balances.

The estimated recorded book balances and fair values follow:

					Fair Value Using
	Recorded Book Balance		Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Un- observable Inputs (Level 3)
	(In thousands)
September 30, 2021
Assets
Cash and due from banks	$	49,946	$	49,946	$	49,946	$	-	$	-
Interest bearing deposits		75,675		75,675		75,675		-		-
Securities available for sale		1,348,378		1,348,378		-		1,348,378		-
Federal Home Loan Bank and Federal Reserve Bank Stock		18,427	NA		NA		NA		NA
Net loans and loans held for sale		2,915,910		2,949,021		-		78,731		2,870,290
Accrued interest receivable		12,721		12,721		2		5,691		7,028
Derivative financial instruments		13,559		13,559		-		13,559		-

Liabilities
Deposits with no stated maturity (1)	$	3,661,774	$	3,661,774	$	3,661,774	$	-	$	-
Deposits with stated maturity (1)		350,294		351,269		-		351,269		-
Other borrowings		30,007		30,333		-		30,333		-
Subordinated debt		39,338		45,742		-		45,742		-
Subordinated debentures		39,575		29,474		-		29,474		-
Accrued interest payable		1,112		1,112		67		1,045		-
Derivative financial instruments		6,583		6,583		-		6,583		-

December 31, 2020
Assets
Cash and due from banks	$	56,006	$	56,006	$	56,006	$	-	$	-
Interest bearing deposits		62,699		62,699		62,699		-		-
Securities available for sale		1,072,159		1,072,159		-		1,072,159		-
Federal Home Loan Bank and Federal Reserve Bank Stock		18,427	NA		NA		NA		NA
Net loans and loans held for sale		2,790,683		2,794,058		-		92,434		2,701,624
Accrued interest receivable		12,315		12,315		3		3,414		8,898
Derivative financial instruments		16,782		16,782		-		16,782		-

Liabilities
Deposits with no stated maturity (1)	$	3,198,338	$	3,198,338	$	3,198,338	$	-	$	-
Deposits with stated maturity (1)		439,017		441,457		-		441,457		-
Other borrowings		30,012		30,844		-		30,844		-
Subordinated debt		39,281		41,417		-		41,417		-
Subordinated debentures		39,524		30,265		-		30,265		-
Accrued interest payable		601		601		59		542		-
Derivative financial instruments		11,754		11,754		-		11,754		-

(1)

Deposits with no stated maturity include reciprocal deposits with a recorded book balance of $560.915 million and $518.400 million at September 30, 2021 and December 31, 2020, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $35.278 million and $37.785 million at September 30, 2021 and December 31, 2020, respectively.

The fair values for commitments to extend credit and standby letters of credit are estimated to approximate their aggregate book balance, which is nominal and therefore are not disclosed.

Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale the entire holdings of a particular financial instrument.

Fair value estimates are based on existing on- and off-balance sheet financial instruments without attempting to estimate the value of anticipated future business, the value of future earnings attributable to off-balance sheet activities and the value of assets and liabilities that are not considered financial instruments.

Fair value estimates for deposit accounts do not include the value of the core deposit intangible asset resulting from the low-cost funding provided by the deposit liabilities compared to the cost of borrowing funds in the market.

Contingencies

9 Months Ended

Sep. 30, 2021

Contingencies [Abstract]

Contingencies

13.	Contingencies

Pandemic

The COVID-19 pandemic and the related government restrictions and guidance have had and may continue to have a significant effect on us, our customers, and the markets we serve. Since the U.S. Food and Drug Administration (FDA) issued its first emergency use authorization for a COVID-19 vaccine on December 11, 2020, the Centers for Disease Control and Prevention (“CDC”) reports that almost 80% of the adult population in the U.S. has received at least one vaccination as of October 24, 2021. According to data reported by the State of Michigan as of October 22, 2021, 68.5% of Michigan residents ages 16 and older have had at least one vaccination. Widespread vaccinations have slowed the spread of the virus. Effective June 22, 2021, the State of Michigan rescinded the emergency orders it implemented in response to the pandemic, including the rescission of restrictions on restaurant capacities and other restrictions on the size of in-person gatherings. Despite these positive developments, the pandemic continues to cause a great deal of economic uncertainty and disruption to financial and other markets, including as a result of concerns relating to possible variants of the original virus.

As a result of the pandemic, the related governmental responses, and the ongoing uncertainty, our business, results of operations, and financial condition may be adversely affected by a number of factors that could impact us and our customers, including but not limited to:

∙	difficulties encountered by our business customers in addressing the effects of the pandemic may cause increases in loan delinquencies, foreclosures and defaults;

∙	increases in our allowance for credit losses may be necessary;

∙	declines in collateral values may occur;

∙	third party disruptions may occur, including outages at network providers, on-line banking vendors and other suppliers;

∙	there is increased cyber and payment fraud risk, as cybercriminals attempt to profit from the disruption, given increased online and remote activity;

∙	we may experience operational failures due to changes in our normal business practices necessitated by the pandemic and related governmental actions; and/or

∙	our production and efficiency may suffer due to employee illnesses and/or employees having to work remotely.

Given the ongoing uncertainty with respect to the pandemic and potential governmental responses, these risk factors may continue to some degree for a significant period of time.

The extent to which the COVID-19 pandemic may impact our business, results of operations and financial condition will depend on future developments, which continue to be highly uncertain and difficult to predict. Those developments and factors are expected to include the evolution of the virus and possible virus variants, the number of people who become vaccinated, actions taken by governmental authorities to address the foregoing, and how quickly and to what extent normal economic and operating conditions can resume. We do not know the potential full extent of the impact. However, the effects could have a material adverse impact on our business, asset valuations, financial condition and results of operations. Material adverse impacts may include all or a combination of valuation impairments on our intangible assets, securities available for sale, loans, capitalized mortgage loan servicing rights or deferred tax assets.

Certain industries (such as hotels and restaurants) have been more adversely impacted by the COVID-19 pandemic and related periodic shutdowns of our economy. We believe that the following industry concentrations within our commercial loan portfolio represent greater potential risk in the current economic environment. The balances below are as of September 30, 2021.

	Amount		% of Total Loans
	(Dollars in millions)
Commercial and industrial portfolio segment:
Retail	$	68		2.4	%
Food service		56		1.9
Hotel		38		1.3
		162		5.6

Commercial real estate portfolio segment:
Retail		108		3.7
Office		74		2.6
Multifamily		67		2.3
		249		8.6

Total	$	411		14.3	%

At September 30, 2021, we had no commercial loans in forbearance. However, we continue to closely monitor these industry concentrations and at present do not foresee any significant losses relative to this portion of our loan portfolio given the current economic conditions in Michigan and the fact that many businesses have reopened. However, a high degree of uncertainty still exists with respect to the impact of the COVID-19 pandemic and the related economic disruptions on the future performance of our loan portfolio, including these concentrations.

Litigation

We are involved in various litigation matters in the ordinary course of business. At the present time, we do not believe any of these matters will have a significant impact on our interim condensed consolidated financial position or results of operations. The aggregate amount we have accrued for losses we consider probable as a result of these litigation matters is immaterial. However, because of the inherent uncertainty of outcomes from any litigation matter, we believe it is reasonably possible we may incur losses in addition to the amounts we have accrued. At this time, we estimate the maximum amount of additional losses that are reasonably possible is insignificant. However, because of a number of factors, including the fact that certain of these litigation matters are still in their early stages, this maximum amount may change in the future.

The litigation matters described in the preceding paragraph primarily include claims that have been brought against us for damages, but do not include litigation matters where we seek to collect amounts owed to us by third parties (such as litigation initiated to collect delinquent loans). These excluded, collection-related matters may involve claims or counterclaims by the opposing party or parties, but we have excluded such matters from the disclosure contained in the preceding paragraph in all cases where we believe the possibility of us paying damages to any opposing party is remote.

Loss Reimbursement Obligations

The provision for loss reimbursement on sold loans represents our estimate of incurred losses related to mortgage loans that we have sold to investors (primarily Fannie Mae, Freddie Mac, Ginnie Mae and the Federal Home Loan Bank of Indianapolis). Since we sell mortgage loans without recourse, loss reimbursements only occur in those instances where we have breached a representation or warranty or other contractual requirement related to the loan sale. The provision for loss reimbursement on sold loans was an expense of $0.04 million and $0.05 million for the three month periods ended September 30, 2021 and 2020 and an expense of $0.10 million and $0.16 million for the nine month periods ended September 30, 2021 and 2020, respectively. The reserve for loss reimbursements on sold mortgage loans totaled $1.12 million and $1.02 million at September 30, 2021 and December 31, 2020, respectively. This reserve is included in accrued expenses and other liabilities in our Condensed Consolidated Statements of Financial Condition. This reserve is based on an analysis of mortgage loans that we have sold which are further categorized by delinquency status, loan to value, and year of origination. The calculation includes factors such as probability of default, probability of loss reimbursement (breach of representation or warranty) and estimated loss severity. We believe that the amounts that we have accrued for incurred losses on sold mortgage loans are appropriate given our analyses. However, future losses could exceed our current estimate.

Visa Stock

We own 12,566 shares of VISA Class B common stock. At the present time, these shares can only be sold to other Class B shareholders. As a result, there has generally been limited transfer activity in private transactions between buyers and sellers. Given the limited activity that we have become aware of and the continuing uncertainty regarding the likelihood, ultimate timing and eventual exchange rate for Class B shares into Class A shares, we continue to carry these shares at zero, representing cost basis less impairment. However, given the current conversion ratio of 1.6228 Class A shares for every 1 Class B share and the closing price of VISA Class A shares on September 30, 2021 of $222.75 per share, our 12,566 Class B shares would have a current “value” of approximately $4.5 million. We continue to monitor Class B trading activity and the status of the resolution of certain litigation matters at VISA that would trigger the conversion of Class B common shares into Class A common shares, which would not have any trading restrictions.

Accumulated Other Comprehensive Income (Loss) ("AOCIL")

9 Months Ended

Sep. 30, 2021

Accumulated Other Comprehensive Income (Loss) ("AOCIL") [Abstract]

Accumulated Other Comprehensive Income (Loss) ("AOCIL")

14.	Accumulated Other Comprehensive Income (Loss) (“AOCIL”)

A summary of changes in AOCIL follows:

	Unrealized Gains on Securities Available for Sale			Dispropor- tionate Tax Effects from Securities Available for Sale			Unrealized Losses on Cash Flow Hedges			Total
	(In thousands)
For the three months ended September 30, 2021
Balances at beginning of period	$	14,214		$	(5,798	)	$	-		$	8,416
Other comprehensive loss before reclassifications		(1,322	)		-			-			(1,322	)
Amounts reclassified from AOCIL		4			-			-			4
Net current period other comprehensive loss		(1,318	)		-			-			(1,318	)
Balances at end of period	$	12,896		$	(5,798	)	$	-		$	7,098

2020
Balances at beginning of period	$	11,315		$	(5,798	)	$	(1,721	)	$	3,796
Other comprehensive income (loss) before reclassifications		2,125			-			(20	)		2,105
Amounts reclassified from AOCIL		-			-			245			245
Net current period other comprehensive income		2,125			-			225			2,350
Balances at end of period	$	13,440		$	(5,798	)	$	(1,496	)	$	6,146

For the nine months ended September 30, 2021
Balances at beginning of period	$	15,822		$	(5,798	)	$	-		$	10,024
Other comprehensive loss before reclassifications		(4,049	)		-			-			(4,049	)
Amounts reclassified from AOCIL		1,123			-			-			1,123
Net current period other comprehensive loss		(2,926	)		-			-			(2,926	)
Balances at end of period	$	12,896		$	(5,798	)	$	-		$	7,098

2020
Balances at beginning of period	$	3,739		$	(5,798	)	$	(1,727	)	$	(3,786	)
Other comprehensive income (loss) before reclassifications		9,901			-			(279	)		9,622
Amounts reclassified from AOCIL		(200	)		-			510			310
Net current period other comprehensive income		9,701			-			231			9,932
Balances at end of period	$	13,440		$	(5,798	)	$	(1,496	)	$	6,146

The disproportionate tax effects from securities available for sale arose due to tax effects of other comprehensive income (“OCI”) in the presence of a valuation allowance against our deferred tax assets and a pretax loss from operations. Generally, the amount of income tax expense or benefit allocated to operations is determined without regard to the tax effects of other categories of income or loss, such as OCI. However, an exception to the general rule is provided when, in the presence of a valuation allowance against deferred tax assets, there is a pretax loss from operations and pretax income from other categories in the current period. In such instances, income from other categories must offset the current loss from operations, the tax benefit of such offset being reflected in operations. Release of material disproportionate tax effects from other comprehensive income to earnings is done by the portfolio method whereby the effects will remain in AOCIL as long as we carry a more than inconsequential portfolio of securities available for sale.

A summary of reclassifications out of each component of AOCIL for the three months ended September 30 follows:

AOCIL Component	Amount Reclassified From AOCIL			Affected Line Item in Condensed Consolidated Statements of Operations
	(In thousands)
2021
Unrealized gains on securities available for sale
	$	5		Net gains on securities available for sale
		1		Income tax expense
	$	4		Reclassifications, net of tax

2020
Unrealized gains on securities available for sale
	$	-		Net gains on securities available for sale
		-		Net impairment loss recognized in earnings
		-		Total reclassifications before tax
		-		Income tax expense
	$	-		Reclassifications, net of tax

Unrealized losses on cash flow hedges
	$	310		Interest expense
		65		Income tax expense
	$	245		Reclassification, net of tax

	$	(245	)	Total reclassifications for the period, net of tax

A summary of reclassifications out of each component of AOCIL for the nine months ended September 30 follows:

AOCIL Component	Amount Reclassified From AOCIL			Affected Line Item in Condensed Consolidated Statements of Operations
	(In thousands)
2021
Unrealized gains on securities available for sale
	$	1,421		Net gains on securities available for sale
		298		Income tax expense
	$	1,123		Reclassifications, net of tax

2020
Unrealized gains on securities available for sale
	$	253		Net gains on securities available for sale
		-		Net impairment loss recognized in earnings
		253		Total reclassifications before tax
		53		Income tax expense
	$	200		Reclassifications, net of tax

Unrealized losses on cash flow hedges
	$	646		Interest expense
		136		Income tax expense
	$	510		Reclassification, net of tax

	$	(310	)	Total reclassifications for the period, net of tax

Revenue from Contracts with Customers

9 Months Ended

Sep. 30, 2021

Revenue from Contracts with Customers [Abstract]

Revenue from Contracts with Customers

15.	Revenue from Contracts with Customers

We account for revenue in accordance with ASC Topic 606, Revenue from Contracts with Customers. We derive the majority of our revenue from financial instruments and their related contractual rights and obligations which for the most part are excluded from the scope of this topic. These sources of revenue that are excluded from the scope of this topic include interest income, net gains on mortgage loans, net gains on securities available for sale, mortgage loan servicing, net and bank owned life insurance and were approximately 85.1% and 87.9% of total revenues for the nine month periods ending September 30, 2021 and 2020, respectively.

Material sources of revenue that are included in the scope of this topic include service charges on deposit accounts, other deposit related income, interchange income and investment and insurance commissions and are discussed in the following paragraphs. Generally these sources of revenue are earned at the time the service is delivered or over the course of a monthly period and do not result in any contract asset or liability balance at any given period end. As a result, there were no contract assets or liabilities recorded as of September 30, 2021 and December 31, 2020.

Service charges on deposit accounts and other deposit related income: Revenues are earned on depository accounts for commercial and retail customers and include fees for transaction-based, account maintenance and overdraft services. Transaction-based fees, which includes services such as ATM use fees, stop payment charges and ACH fees are recognized at the time the transaction is executed as that is the time we fulfill our customer’s request. Account maintenance fees, which includes monthly maintenance services are earned over the course of a month representing the period over which the performance obligation is satisfied. Our obligation for overdraft services is satisfied at the time of the overdraft.

Interchange income: Interchange income primarily includes debit card interchange and network revenues. Debit card interchange and network revenues are earned on debit card transactions conducted through payment networks such as MasterCard, NYCE and Accel. Interchange income is recognized concurrently with the delivery of services on a daily basis. Interchange and network revenues are presented gross of interchange expenses, which are presented separately as a component of non-interest expense.

Investment and insurance commissions: Investment and insurance commissions include fees and commissions from asset management, custody, recordkeeping, investment advisory and other services provided to our customers. Revenue is recognized on an accrual basis at the time the services are performed and is generally based on either the market value of the assets managed or the services provided. We have an agent relationship with a third party provider of these services and net certain direct costs charged by the third party provider associated with providing these services to our customers.

Net (gains) losses on other real estate and repossessed assets: We record a gain or loss from the sale of other real estate when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. If we were to finance the sale of other real estate to the buyer, we would assess whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction is probable. Once these criteria are met, the other real estate asset would be derecognized and the gain or loss on sale would be recorded upon the transfer of control of the property to the buyer. There were no other real estate properties sold during the nine month periods ending September 30, 2021 and 2020 that were financed by us.

Disaggregation of our revenue sources by attribute follows:

Three months ending September 30, 2021
	Service Charges on Deposit Accounts		Other Deposit Related Income		Interchange Income		Investment and Insurance Commissions		Total
	(In thousands)
Retail
Overdraft fees	$	2,699	$	-	$	-	$	-	$	2,699
Account service charges		107		-		-		-		107
ATM fees		-		336		-		-		336
Other		-		179		-		-		179
Business
Overdraft fees		138		-		-		-		138
ATM fees		-		8		-		-		8
Other		-		79		-		-		79
Interchange income		-		-		4,237		-		4,237
Asset management revenue		-		-		-		444		444
Transaction based revenue		-		-		-		234		234

Total	$	2,944	$	602	$	4,237	$	678	$	8,461

Reconciliation to Condensed Consolidated Statement of Operations:
Non-interest income - other:
Other deposit related income									$	602
Investment and insurance commissions										678
Bank owned life insurance										145
Other										1,452
Total									$	2,877

Three months ending September 30, 2020
	Service Charges on Deposit Accounts		Other Deposit Related Income		Interchange Income		Investment and Insurance Commissions		Total
	(In thousands)
Retail
Overdraft fees	$	1,371	$	-	$	-	$	-	$	1,371
Account service charges		544		-		-		-		544
ATM fees		-		320		-		-		320
Other		-		184		-		-		184
Business
Overdraft fees		170		-		-		-		170
ATM fees		-		7		-		-		7
Other		-		89		-		-		89
Interchange income		-		-		3,428		-		3,428
Asset management revenue		-		-		-		335		335
Transaction based revenue		-		-		-		195		195

Total	$	2,085	$	600	$	3,428	$	530	$	6,643

Reconciliation to Condensed Consolidated Statement of Operations:
Non-interest income - other:
Other deposit related income									$	600
Investment and insurance commissions										530
Bank owned life insurance										215
Other										592
Total									$	1,937

Nine months ending September 30, 2021
	Service Charges on Deposit Accounts		Other Deposit Related Income		Interchange Income		Investment and Insurance Commissions		Total
	(In thousands)
Retail
Overdraft fees	$	5,746	$	-	$	-	$	-	$	5,746
Account service charges		950		-		-		-		950
ATM fees		-		817		-		-		817
Other		-		552		-		-		552
Business
Overdraft fees		482		-		-		-		482
ATM fees		-		18		-		-		18
Other		-		238		-		-		238
Interchange income		-		-		10,739		-		10,739
Asset management revenue		-		-		-		1,227		1,227
Transaction based revenue		-		-		-		668		668

Total	$	7,178	$	1,625	$	10,739	$	1,895	$	21,437

Reconciliation to Condensed Consolidated Statement of Operations:
Non-interest income - other:
Other deposit related income									$	1,625
Investment and insurance commissions										1,895
Bank owned life insurance										411
Other										2,847
Total									$	6,778

Nine months ending September 30, 2020
	Service Charges on Deposit Accounts		Other Deposit Related Income		Interchange Income		Investment and Insurance Commissions		Total
	(In thousands)
Retail
Overdraft fees	$	4,130	$	-	$	-	$	-	$	4,130
Account service charges		1,501		-		-		-		1,501
ATM fees		-		896		-		-		896
Other		-		577		-		-		577
Business
Overdraft fees		668		-		-		-		668
ATM fees		-		18		-		-		18
Other		-		252		-		-		252
Interchange income		-		-		8,411		-		8,411
Asset management revenue		-		-		-		937		937
Transaction based revenue		-		-		-		541		541

Total	$	6,299	$	1,743	$	8,411	$	1,478	$	17,931

Reconciliation to Condensed Consolidated Statement of Operations:
Non-interest income - other:
Other deposit related income									$	1,743
Investment and insurance commissions										1,478
Bank owned life insurance										750
Other										1,727
Total									$	5,698

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Leases

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

Leases

16.

Leases

We have entered into leases in the normal course of business primarily for office facilities, some of which include renewal options and escalation clauses. Certain leases also include both lease components (fixed payments including rent, taxes and insurance costs) and non-lease components (common area or other maintenance costs) which are accounted for as a single lease component as we have elected the practical expedient to group lease and non-lease components together for all leases. We have also elected not to recognize leases with original lease terms of 12 months or less (short-term leases) on our Condensed Consolidated Statements of Financial Condition. Most of our leases include one or more options to renew. The exercise of lease renewal options is typically at our sole discretion and are included in our right of use (“ROU”) assets and lease liabilities if they are reasonably certain of exercise.

Leases are classified as operating or finance leases at the lease commencement date (we did not have any finance leases as of September 30, 2021). Lease expense for operating leases and short-term leases is recognized on a straight-line basis over the lease term. The ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at the lease commencement date based on the estimated present value of the lease payment over the lease term.

As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the lease commencement date in determining the present value of the lease payments.

The cost components of our operating leases follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(In thousands)				(In thousands)
Operating lease cost	$	424	$	395	$	1,259	$	1,357
Variable lease cost		15		16		46		52
Short-term lease cost		17		10		47		26
Total	$	456	$	421	$	1,352	$	1,435

Variable lease costs consist primarily of taxes, insurance, and common area or other maintenance costs for our leased facilities.

Supplemental balance sheet information related to our operating leases follows:

	September 30, 2021			December 31, 2020
	(Dollars in thousands)
Lease right of use asset (1)	$	6,861		$	7,646
Lease liabilities (2)	$	6,989		$	7,868

Weighted average remaining lease term (years)		6.60			7.12
Weighted average discount rate		2.3	%		2.4	%

(1)	Included in Accrued income and other assets in our Condensed Consolidated Statements of Financial Condition.

(2)	Included in Accrued expenses and other liabilities in our Condensed Consolidated Statements of Financial Condition.

Maturity analysis of our lease liabilities at September 30, 2021 based on required contractual payments follows:

	(In thousands)

Three months ending December 31, 2021	$	432
2022		1,620
2023		1,305
2024		816
2025		809
2026 and thereafter		2,539
Total lease payments		7,521
Less imputed interest		(532	)
Total	$	6,989

New Accounting Standards (Policies)

9 Months Ended

Sep. 30, 2021

New Accounting Standards

This ASU:

•

Requires inclusion of expected recoveries, limited to the cumulative amount of prior write-offs, when estimating the ACL for in scope financial assets (including collateral dependent assets).

•

Generally requires a cumulative-effect adjustment to retained earnings as of the beginning of the reporting period of adoption.

Based on our evaluation of securities available for sale, we did not record an ACL on these securities under this ASU.

The impact of the adoption of this ASU follows:

	As Reported Under ASU 2016-13			Pre-ASU 2016-13 Adoption			Impact of ASU 2016-13
Assets
Loans
Commercial	$	1,242,510		$	1,242,415		$	95
Mortgage		1,015,944			1,015,926			18
Installment		475,358			475,337			21
Total loans		2,733,812			2,733,678			134
Allowance for credit losses		(47,137	)		(35,429	)		(11,708	)
Net loans	$	2,686,675		$	2,698,249		$	(11,574	)
Deferred tax assets (1)	$	65,196		$	62,456		$	2,740
Total Assets	$	4,195,179		$	4,204,013		$	(8,834	)

Liabilities and shareholders's equity
Allowance for credit losses on unfunded lending commitments (2)	$	3,274		$	1,805		$	1,469
Total liabilities	$	3,815,960		$	3,814,491		$	1,469
Retained earnings	$	29,842		$	40,145		$	(10,303	)
Total shareholders' equity	$	379,219		$	389,522		$	(10,303	)
Total liabilities and shareholders' equity	$	4,195,179		$	4,204,013		$	(8,834	)

(1)	Included in Accrued income and other assets in our Condensed Consolidated Statements of Financial Condition.

(2)	Included in Accrued expenses and other liabilities in our Condensed Consolidated Statements of Financial Condition.

New Accounting Standards (Tables)

9 Months Ended

Sep. 30, 2021

Impact of Adoption of this ASU

The impact of the adoption of this ASU follows:

	As Reported Under ASU 2016-13			Pre-ASU 2016-13 Adoption			Impact of ASU 2016-13
Assets
Loans
Commercial	$	1,242,510		$	1,242,415		$	95
Mortgage		1,015,944			1,015,926			18
Installment		475,358			475,337			21
Total loans		2,733,812			2,733,678			134
Allowance for credit losses		(47,137	)		(35,429	)		(11,708	)
Net loans	$	2,686,675		$	2,698,249		$	(11,574	)
Deferred tax assets (1)	$	65,196		$	62,456		$	2,740
Total Assets	$	4,195,179		$	4,204,013		$	(8,834	)

Liabilities and shareholders's equity
Allowance for credit losses on unfunded lending commitments (2)	$	3,274		$	1,805		$	1,469
Total liabilities	$	3,815,960		$	3,814,491		$	1,469
Retained earnings	$	29,842		$	40,145		$	(10,303	)
Total shareholders' equity	$	379,219		$	389,522		$	(10,303	)
Total liabilities and shareholders' equity	$	4,195,179		$	4,204,013		$	(8,834	)

(1)	Included in Accrued income and other assets in our Condensed Consolidated Statements of Financial Condition.

(2)	Included in Accrued expenses and other liabilities in our Condensed Consolidated Statements of Financial Condition.

Securities (Tables)

9 Months Ended

Sep. 30, 2021

Securities [Abstract]

Securities Available for Sale

Securities available for sale consist of the following:

	Amortized		Unrealized
	Cost		Gains		Losses		Fair Value
	(In thousands)
September 30, 2021
U.S. agency	$	13,278	$	187	$	47	$	13,418
U.S. agency residential mortgage-backed		337,140		2,810		2,090		337,860
U.S. agency commercial mortgage-backed		18,473		161		26		18,608
Private label mortgage-backed		81,154		1,271		114		82,311
Other asset backed		174,488		1,653		20		176,121
Obligations of states and political subdivisions		555,155		9,983		916		564,222
Corporate		149,893		3,736		126		153,503
Trust preferred		1,974		-		148		1,826
Foreign government		499		10		-		509
Total	$	1,332,054	$	19,811	$	3,487	$	1,348,378

December 31, 2020
U.S. agency	$	10,456	$	305	$	13	$	10,748
U.S. agency residential mortgage-backed		340,224		4,951		593		344,582
U.S. agency commercial mortgage-backed		6,869		326		-		7,195
Private label mortgage-backed		41,429		1,539		139		42,829
Other asset backed		252,596		1,796		211		254,181
Obligations of states and political subdivisions		315,780		8,691		178		324,293
Corporate		82,307		3,807		97		86,017
Trust preferred		1,971		-		173		1,798
Foreign government		500		16		-		516
Total	$	1,052,132	$	21,431	$	1,404	$	1,072,159

Investments in a Continuous Unrealized Loss Position

Our investments’ gross unrealized losses and fair values aggregated by investment type and length of time that individual securities have been at a continuous unrealized loss position follows:

	Less Than Twelve Months				Twelve Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(In thousands)
September 30, 2021
U.S. agency	$	5,071	$	44	$	1,382	$	3	$	6,453	$	47
U.S. agency residential mortgage-backed		135,320		1,923		19,297		167		154,617		2,090
U.S. agency commercial mortgage-backed		5,367		26		-		-		5,367		26
Private label mortgage-backed		18,628		88		2,110		26		20,738		114
Other asset backed		8,161		9		989		11		9,150		20
Obligations of states and political subdivisions		88,064		871		567		45		88,631		916
Corporate		27,380		125		90		1		27,470		126
Trust preferred		-		-		1,826		148		1,826		148
Total	$	287,991	$	3,086	$	26,261	$	401	$	314,252	$	3,487

December 31, 2020
U.S. agency	$	1,469	$	3	$	2,329	$	10	$	3,798	$	13
U.S. agency residential mortgage-backed		96,839		592		83		1		96,922		593
Private label mortgage-backed		11,838		95		2,050		44		13,888		139
Other asset backed		7,142		25		21,197		186		28,339		211
Obligations of states and political subdivisions		28,957		177		800		1		29,757		178
Corporate		1,924		97		-		-		1,924		97
Trust preferred		-		-		1,798		173		1,798		173
Total	$	148,169	$	989	$	28,257	$	415	$	176,426	$	1,404

Amortized Cost and Fair Value of Securities Available for Sale by Contractual Maturity

The amortized cost and fair value of securities available for sale at September 30, 2021, by contractual maturity, follow:

	Amortized Cost		Fair Value
	(In thousands)
Maturing within one year	$	15,701	$	15,849
Maturing after one year but within five years		125,299		128,338
Maturing after five years but within ten years		230,998		234,100
Maturing after ten years		348,801		355,191
		720,799		733,478
U.S. agency residential mortgage-backed		337,140		337,860
U.S. agency commercial mortgage-backed		18,473		18,608
Private label mortgage-backed		81,154		82,311
Other asset backed		174,488		176,121
Total	$	1,332,054	$	1,348,378

Gains and Losses Realized on Sale of Securities Available for Sale

			Realized
	Proceeds		Gains		Losses
	(In thousands)
2021	$	81,683	$	1,471	$	50
2020		36,593		253		-

Loans (Tables)

9 Months Ended

Sep. 30, 2021

Analysis of ACL by Portfolio Segment

An analysis of the allowance for credit losses by portfolio segment for the three months ended September 30, follows (1):

	Commercial			Mortgage			Installment			Subjective Allocation			Total
	(In thousands)
2021
Balance at beginning of period	$	9,094		$	18,933		$	3,701		$	14,198		$	45,926
Additions (deductions)
Provision for credit losses		(969	)		16			805			(511	)		(659	)
Recoveries credited to the allowance		1,751			339			394			-			2,484
Loans charged against the allowance		-			(113	)		(839	)		-			(952	)
Balance at end of period	$	9,876		$	19,175		$	4,061		$	13,687		$	46,799

2020
Balance at beginning of period	$	8,731		$	7,261		$	1,217		$	17,291		$	34,500
Additions (deductions)
Provision for credit losses (1)		(875	)		(257	)		18			2,089			975
Recoveries credited to the allowance		297			157			196			-			650
Loans charged against the allowance		-			(162	)		(192	)		-			(354	)
Balance at end of period	$	8,153		$	6,999		$	1,239		$	19,380		$	35,771

(1)	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.

An analysis of the allowance for credit losses by portfolio segment for the nine months ended September 30, follows (1):

	Commercial			Mortgage			Installment			Subjective Allocation			Total
	(In thousands)
2021
Balance at beginning of period	$	7,401		$	6,998		$	1,112		$	19,918		$	35,429
Additions (deductions)
Impact of adoption of ASC 326		2,551			12,000			3,052			(6,029	)		11,574
Provision for credit losses		(2,591	)		(264	)		499			(202	)		(2,558	)
Initial allowance on loans purchased with credit deterioration		95			18			21			-			134
Recoveries credited to the allowance		2,420			720			778			-			3,918
Loans charged against the allowance		-			(297	)		(1,401	)		-			(1,698	)
Balance at end of period	$	9,876		$	19,175		$	4,061		$	13,687		$	46,799

2020
Balance at beginning of period	$	7,922		$	8,216		$	1,283		$	8,727		$	26,148
Additions (deductions)
Provision for credit losses (1)		2,804			(895	)		322			10,653			12,884
Recoveries credited to the allowance		1,463			364			577			-			2,404
Loans charged against the allowance		(4,036	)		(686	)		(943	)		-			(5,665	)
Balance at end of period	$	8,153		$	6,999		$	1,239		$	19,380		$	35,771

(1)	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.

ACL and Recorded Investment in Loans by Portfolio Segment

The ACL and recorded investment in loans by portfolio segment at December 31, 2020 follows (1):

	Commercial		Mortgage		Installment		Subjective Allocation		Total
	(In thousands)
December 31, 2020
ACL:
Individually evaluated for impairment	$	1,266	$	4,124	$	191	$	-	$	5,581
Collectively evaluated for impairment		6,135		2,874		921		19,918		29,848
Loans acquired with deteriorated credit quality		-		-		-		-		-
Total ending ACL	$	7,401	$	6,998	$	1,112	$	19,918	$	35,429

Loans
Individually evaluated for impairment	$	9,431	$	39,245	$	1,996			$	50,672
Collectively evaluated for impairment		1,236,052		980,449		474,379				2,690,880
Loans acquired with deteriorated credit quality		468		410		147				1,025
Total loans recorded investment		1,245,951		1,020,104		476,522				2,742,577
Accrued interest included in recorded investment		3,536		4,178		1,185				8,899
Total loans	$	1,242,415	$	1,015,926	$	475,337			$	2,733,678

(1)	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.

Loans on Non-Accrual Status and Past Due More than 90 Days

Loans on non-accrual status and past due more than 90 days (“Non-performing Loans”) follow:

	September 30, 2021
	Non- Accrual		Non-Accrual								December 31, 2020
	with no Allowance for Credit Loss		with an Allowance for Credit Loss		Total Non-Accrual		90+ and Still Accruing		Total Non-Performing Loans		Total Non-Performing Loans (1)
					(In thousands)
Commercial
Commercial and industrial (2)	$	-	$	189	$	189	$	-	$	189	$	1,387
Commercial real estate		-		-		-		-		-		-
Mortgage
1-4 family owner occupied - jumbo		607		-		607		-		607		623
1-4 family owner occupied - non-jumbo (3)		133		1,836		1,969		-		1,969		2,281
1-4 family non-owner occupied		281		685		966		-		966		1,112
1-4 family - 2nd lien		182		885		1,067		-		1,067		1,344
Resort lending		-		277		277		-		277		607
Installment
Boat lending		-		155		155		-		155		52
Recreational vehicle lending		-		71		71		-		71		74
Other		-		289		289		-		289		393
Total	$	1,203	$	4,387	$	5,590	$	-	$	5,590	$	7,873

Accrued interest excluded from total	$	-	$	-	$	-	$	-	$	-	$	-

(1)	Non-performing loans at December 31, 2020 exclude PCI loans.

(2)	Non-performing commercial and industrial loans exclude $0.053 million of government guaranteed loans at both September 30, 2021 and December 31, 2020.

(3)	Non-performing 1-4 family owner occupied – non jumbo loans exclude $0.274 million and $0.386 million of government guaranteed loans at September 30, 2021 and December 31, 2020, respectively.

Amortized Cost of Collateral-dependent Loans by Class

The amortized cost of collateral-dependent loans by class follows:

	Collateral Type
	Real Estate		Other		Allowance for Credit Losses
	(In thousands)
September 30, 2021
Commercial
Commercial and industrial	$	87	$	559		235
Commercial real estate		131		-		30
Mortgage
1-4 family owner occupied - jumbo		607		-		-
1-4 family owner occupied - non-jumbo		848		-		254
1-4 family non-owner occupied		560		-		99
1-4 family - 2nd lien		476		-		104
Resort lending		278		-		79
Installment
Boat lending		-		65		23
Recreational vehicle lending		-		43		15
Other		-		180		64
Total	$	2,987	$	847	$	903

Accrued interest excluded from total	$	-	$	1

Aging Analysis of Loans by Class

An aging analysis of loans by class follows:

	Loans Past Due								Loans not		Total
	30-59 days		60-89 days		90+ days		Total		Past Due		Loans
	(In thousands)
September 30, 2021
Commercial
Commercial and industrial	$	-	$	-	$	242	$	242	$	624,950	$	625,192
Commercial real estate		-		-		-		-		597,610		597,610
Mortgage
1-4 family owner occupied - jumbo		-		-		607		607		536,704		537,311
1-4 family owner occupied - non-jumbo		822		493		700		2,015		247,205		249,220
1-4 family non-owner occupied		204		-		445		649		176,147		176,796
1-4 family - 2nd lien		511		49		428		988		86,706		87,694
Resort lending		-		-		278		278		49,693		49,971
Installment
Boat lending		181		-		65		246		231,300		231,546
Recreational vehicle lending		302		-		43		345		229,406		229,751
Other		134		113		175		422		98,465		98,887
Total	$	2,154	$	655	$	2,983	$	5,792	$	2,878,186	$	2,883,978

Accrued interest excluded from total	$	34	$	10	$	-	$	44	$	6,984	$	7,028

December 31, 2020
Commercial
Commercial and industrial	$	5,003	$	131	$	70	$	5,204	$	671,115	$	676,319
Commercial real estate		2,600		-		-		2,600		567,032		569,632
Mortgage
1-4 family owner occupied - jumbo		761		-		623		1,384		438,794		440,178
1-4 family owner occupied - non-jumbo		1,888		453		502		2,843		264,730		267,573
1-4 family non-owner occupied		1,184		139		476		1,799		157,977		159,776
1-4 family - 2nd lien		710		228		732		1,670		92,860		94,530
Resort lending		32		195		358		585		57,462		58,047
Installment
Boat lending		95		101		-		196		207,317		207,513
Recreational vehicle lending		207		37		48		292		169,282		169,574
Other		337		162		199		698		98,737		99,435
Total recorded investment	$	12,817	$	1,446	$	3,008	$	17,271	$	2,725,306	$	2,742,577
Accrued interest included in recorded investment	$	147	$	22	$	-	$	169	$	8,730	$	8,899

Impaired Loans

Impaired loans at December 31, 2020 are as follows (1):

	2020
Impaired loans with no allocated ACL	(In thousands)
Troubled debt restructurings ("TDR")	$	93
Non - TDR		1,367
Impaired loans with an allocated ACL
TDR - allowance based on collateral		9,027
TDR - allowance based on present value cash flow		37,953
Non - TDR - allowance based on collateral		1,873
Total impaired loans	$	50,313

Amount of ACL allocated (1)
TDR - allowance based on collateral	$	1,058
TDR - allowance based on present value cash flow		3,755
Non - TDR - allowance based on collateral		768
Total amount of ACL allocated	$	5,581

(1)	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.

Impaired loans by class at December 31, 2020 are as follows (1):

	2020
	Recorded Investment		Unpaid Principal Balance		Related ACL (1)
With no related ACL recorded:			(In thousands)
Commercial
Commercial and industrial	$	77	$	80	$	-
Commercial real estate		-		-		-
Mortgage
1-4 family owner occupied - jumbo		623		629		-
1-4 family owner occupied - non-jumbo		-		-		-
1-4 family non-owner occupied		305		473		-
1-4 family - 2nd lien		301		304		-
Resort lending		154		379		-
Installment
Boat lending		-		-		-
Recreational vehicle lending		-		-		-
Other		-		-		-
		1,460		1,865		-
With an ACL recorded:
Commercial
Commercial and industrial		2,227		2,370		756
Commercial real estate		7,127		7,096		510
Mortgage
1-4 family owner occupied - jumbo		506		880		50
1-4 family owner occupied - non-jumbo		21,655		22,311		2,300
1-4 family non-owner occupied		4,335		4,704		495
1-4 family - 2nd lien		811		829		200
Resort lending		10,555		10,764		1,079
Installment
Boat lending		7		11		2
Recreational vehicle lending		87		100		19
Other		1,902		2,040		170
		49,212		51,105		5,581
Total
Commercial
Commercial and industrial		2,304		2,450		756
Commercial real estate		7,127		7,096		510
Mortgage
1-4 family owner occupied - jumbo		1,129		1,509		50
1-4 family owner occupied - non-jumbo		21,655		22,311		2,300
1-4 family non-owner occupied		4,640		5,177		495
1-4 family - 2nd lien		1,112		1,133		200
Resort lending		10,709		11,143		1,079
Installment
Boat lending		7		11		2
Recreational vehicle lending		87		100		19
Other		1,902		2,040		170
Total	$	50,672	$	52,970	$	5,581

Accrued interest included in recorded investment	$	359

(1)	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.

Average Recorded Investment in and Interest Income Earned on Impaired Loans by Class

Average recorded investment in and interest income earned on impaired loans by class follows (1):

	Three months ended September 30, 2020				Nine months ended September 30, 2020
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With no related ACL recorded:	(In thousands)
Commercial
Commercial and industrial	$	103	$	2	$	137	$	4
Commercial real estate		-		-		199		-
Mortgage
1-4 family owner occupied - jumbo		632		-		316		-
1-4 family owner occupied - non-jumbo		331		-		353		4
1-4 family non-owner occupied		316		2		309		5
1-4 family - 2nd lien		403		-		399		-
Resort lending		77		-		77		-
Installment
Boat lending		-		-		-		-
Recreational vehicle lending		-		-		-		-
Other		-		-		-		-
		1,862		4		1,790		13
With an a ACL recorded:
Commercial
Commercial and industrial		2,431		38		2,231		105
Commercial real estate		12,195		130		11,657		641
Mortgage
1-4 family owner occupied - jumbo		808		11		1,228		39
1-4 family owner occupied - non-jumbo		22,070		277		19,116		901
1-4 family non-owner occupied		4,708		52		4,746		170
1-4 family - 2nd lien		598		3		4,017		9
Resort lending		11,186		125		11,506		358
Installment
Boat lending		106		-		72		-
Recreational vehicle lending		96		1		80		2
Other		2,324		33		2,545		109
		56,522		670		57,198		2,334
Total
Commercial
Commercial and industrial		2,534		40		2,368		109
Commercial real estate		12,195		130		11,856		641
Mortgage
1-4 family owner occupied - jumbo		1,440		11		1,544		39
1-4 family owner occupied - non-jumbo		22,401		277		19,469		905
1-4 family non-owner occupied		5,024		54		5,055		175
1-4 family - 2nd lien		1,001		3		4,416		9
Resort lending		11,263		125		11,583		358
Installment
Boat lending		106		-		72		-
Recreational vehicle lending		96		1		80		2
Other		2,324		33		2,545		109
Total	$	58,384	$	674	$	58,988	$	2,347

(1)	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.

Troubled Debt Restructurings

Cash receipts on impaired loans on non-accrual status are generally applied to the principal balance.

TDRs follow:

	September 30, 2021
	Commercial		Retail (1)			Total
	(In thousands)
Performing TDRs	$	4,692	$	32,037		$	36,729
Non-performing TDRs (2)		-		1,198	⁽³⁾		1,198
Total	$	4,692	$	33,235		$	37,927

	December 31, 2020
	Commercial		Retail (1)			Total
	(In thousands)
Performing TDRs	$	7,956	$	36,385		$	44,341
Non-performing TDRs (2)		1,148		1,584	⁽³⁾		2,732
Total	$	9,104	$	37,969		$	47,073

(1)	Retail loans include mortgage and installment loan portfolio segments.

(2)	Included in non-performing loans table above.

(3)	Also includes loans on non-accrual at the time of modification until six payments are received on a timely basis.

Troubled Debt Restructuring During the Period

Loans that have been classified as TDRs during the three-month periods ended September 30 follow:

	Number of Contracts		Pre-modification Recorded Balance		Post-modification Recorded Balance
	(Dollars in thousands)
2021
Commercial
Commercial and industrial		-	$	-	$	-
Commercial real estate		-		-		-
Mortgage
1-4 family owner occupied - jumbo		-		-		-
1-4 family owner occupied - non-jumbo		-		-		-
1-4 family non-owner occupied		-		-		-
1-4 family - 2nd lien		-		-		-
Resort lending		-		-		-
Installment
Boat lending		-		-		-
Recreational vehicle lending		-		-		-
Other		-		-		-
Total		-	$	-	$	-

2020
Commercial
Commercial and industrial		-	$	-	$	-
Commercial real estate		-		-		-
Mortgage
1-4 family owner occupied - jumbo		-		-		-
1-4 family owner occupied - non-jumbo		1		92		95
1-4 family non-owner occupied		1		52		54
1-4 family - 2nd lien		-		-		-
Resort lending		-		-		-
Installment
Boat lending		-		-		-
Recreational vehicle lending		-		-		-
Other		1		19		19
Total		3	$	163	$	168

Loans that have been classified as TDRs during the nine-month periods ended September 30 follow:

	Number of Contracts		Pre-modification Balance		Post-modification Balance
	(Dollars in thousands)
2021
Commercial
Commercial and industrial		-	$	-	$	-
Commercial real estate		-		-		-
Mortgage
1-4 family owner occupied - jumbo		-		-		-
1-4 family owner occupied - non-jumbo		-		-		-
1-4 family non-owner occupied		-		-		-
1-4 family - 2nd lien		-		-		-
Resort lending		-		-		-
Installment
Boat lending		-		-		-
Recreational vehicle lending		-		-		-
Other		-		-		-
Total		-	$	-	$	-

2020
Commercial
Commercial and industrial		7	$	1,207	$	1,207
Commercial real estate		4		7,012		7,012
Mortgage
1-4 family owner occupied - jumbo		-		-		-
1-4 family owner occupied - non-jumbo		3		195		203
1-4 family non-owner occupied		2		111		116
1-4 family - 2nd lien		2		45		46
Resort lending		-		-		-
Installment
Boat lending		-		-		-
Recreational vehicle lending		-		-		-
Other		2		52		53
Total		20	$	8,622	$	8,637

Commercial and Retail Loan COVID-19 Accommodations

A summary of accommodations entered into under this guidance as of September 30, 2021 follows:

Commercial and Retail Loan COVID-19 Accomodations

	Covid-19 Accomodations				Total		% of Total
Loan Category	Loans (#)		Loans ($)		Loans		Loans
			(Dollars in thousands)
Commercial		-	$	-	$	1,222,802		0.0	%
Mortgage		39		5,901		1,100,992		0.5	%
Installment		7		109		560,184		0.0	%
Total		46	$	6,010	$	2,883,978		0.2	%
Mortgage loans serviced for others(1)		64	$	7,986	$	3,237,251		0.2	%

1)	We have delegated authority from all investors to grant these deferrals on their behalf.

Information on subsequent accommodation extensions as of September 30, 2021 follows:

Commercial and Retail Loan COVID-19 Subsequent Accomodations (1)

Loan Category	Loans (#)		Loans ($)
	(Dollars in thousands)
Commercial		-	$	-
Mortgage		34		4,315
Installment		7		109
Total		41	$	4,424

1)	Subsequent accommodations are extensions of the original accommodations that were given as summarized in the paragraph above.

The following table summarizes PPP loans outstanding:

Paycheck Protection Program

	As of September 30, 2021				As of December 31, 2020
	Amount (#)		Amount		Amount (#)		Amount
	(Dollars in thousands)				(Dollars in thousands)
Closed and outstanding - Round 1 loans		20	$	1,262		1,483	$	169,782
Closed and outstanding - Round 2 loans		806		88,888		-		-
Total closed and outstanding		826	$	90,150		1,483	$	169,782
Unaccreted net fees remaining at period end			$	3,178			$	3,216

Loan Ratings by Loan Class

The following table summarizes loan ratings by loan class for our commercial portfolio loan segment as of September 30, 2021:

	Commercial
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans Amortized
	2021		2020		2019		2018		2017		Prior		Cost Basis		Total
	(In thousands)
September 30, 2021
Commercial and industrial
Non-watch (1-6)	$	155,583	$	71,787	$	59,607	$	49,692	$	44,992	$	97,219	$	135,312	$	614,192
Watch (7-8)		124		47		775		1,507		280		4,846		237		7,816
Substandard Accrual (9)		-		-		1,199		265		-		1,303		175		2,942
Non-Accrual (10-11)		-		132		-		-		-		110		-		242
Total	$	155,707	$	71,966	$	61,581	$	51,464	$	45,272	$	103,478	$	135,724	$	625,192
Accrued interest excluded from total	$	584	$	155	$	107	$	235	$	108	$	237	$	201	$	1,627

Commercial real estate
Non-watch (1-6)	$	78,757	$	54,801	$	100,292	$	78,449	$	40,131	$	187,739	$	41,301	$	581,470
Watch (7-8)		-		355		3,069		7,781		1,749		859		-		13,813
Substandard Accrual (9)		-		-		-		1,207		1,120		-		-		2,327
Non-Accrual (10-11)		-		-		-		-		-		-		-		-
Total	$	78,757	$	55,156	$	103,361	$	87,437	$	43,000	$	188,598	$	41,301	$	597,610
Accrued interest excluded from total	$	105	$	79	$	211	$	167	$	94	$	347	$	69	$	1,072

Total Commercial
Non-watch (1-6)	$	234,340	$	126,588	$	159,899	$	128,141	$	85,123	$	284,958	$	176,613	$	1,195,662
Watch (7-8)		124		402		3,844		9,288		2,029		5,705		237		21,629
Substandard Accrual (9)		-		-		1,199		1,472		1,120		1,303		175		5,269
Non-Accrual (10-11)		-		132		-		-		-		110		-		242
Total	$	234,464	$	127,122	$	164,942	$	138,901	$	88,272	$	292,076	$	177,025	$	1,222,802
Accrued interest excluded from total	$	689	$	234	$	318	$	402	$	202	$	584	$	270	$	2,699

The following table summarizes loan ratings by loan class for our commercial portfolio loan segment as of December 31, 2020:

	Commercial
	Non-watch 1-6		Watch 7-8		Substandard Accrual 9		Non- Accrual 10-11		Total
					(In thousands)
December 31, 2020
Commercial and industrial	$	637,826	$	32,765	$	4,341	$	1,387	$	676,319
Commercial real estate		561,382		5,978		2,272		-		569,632
Total	$	1,199,208	$	38,743	$	6,613	$	1,387	$	1,245,951
Accrued interest included in total	$	3,408	$	105	$	23	$	-	$	3,536

The following tables summarize credit scores by loan class for our mortgage and installment loan portfolio segments at September 30, 2021:

	Mortgage (1)
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans Amortized
	2021		2020		2019		2018		2017		Prior		Cost Basis		Total
	(In thousands)
September 30, 2021
1-4 family owner occupied - jumbo
_800 and above	$	25,061	$	29,107	$	8,113	$	2,998	$	1,495	$	1,007	$	889	$	68,670
_750-799		132,430		96,341		38,487		10,581		14,111		3,105		1,759		296,814
_700-749		52,125		30,359		12,369		5,303		10,793		5,331		-		116,280
_650-699		7,499		14,416		8,275		4,822		7,529		1,571		-		44,112
_600-649		-		1,455		2,794		-		1,531		1,680		-		7,460
_550-599		-		1,888		-		-		553		-		-		2,441
_500-549		-		-		474		453		607		-		-		1,534
Under 500		-		-		-		-		-		-		-		-
Unknown		-		-		-		-		-		-		-		-
Total	$	217,115	$	173,566	$	70,512	$	24,157	$	36,619	$	12,694	$	2,648	$	537,311
Accrued interest excluded from total	$	403	$	382	$	187	$	129	$	94	$	35	$	3	$	1,233

1-4 family owner occupied - non-jumbo
_800 and above	$	5,982	$	6,711	$	5,233	$	2,363	$	3,612	$	4,779	$	4,361	$	33,041
_750-799		10,337		24,756		7,702		7,679		11,391		11,561		10,960		84,386
_700-749		5,144		11,704		7,323		3,393		5,060		22,497		3,674		58,795
_650-699		8,811		5,551		4,045		2,405		2,572		11,585		2,038		37,007
_600-649		792		2,008		1,587		1,779		3,059		9,433		115		18,773
_550-599		-		-		76		1,628		494		6,814		189		9,201
_500-549		-		-		410		98		1,297		3,983		18		5,806
Under 500		-		406		266		34		340		1,165		-		2,211
Unknown		-		-		-		-		-		-		-		-
Total	$	31,066	$	51,136	$	26,642	$	19,379	$	27,825	$	71,817	$	21,355	$	249,220
Accrued interest excluded from total	$	170	$	114	$	94	$	68	$	98	$	224	$	53	$	821

1-4 family non-owner occupied
_800 and above	$	8,917	$	3,995	$	2,804	$	1,135	$	3,625	$	5,865	$	2,271	$	28,612
_750-799		32,412		23,479		11,789		3,533		5,563		10,902		6,963		94,641
_700-749		12,243		7,895		1,539		2,748		2,150		6,683		3,356		36,614
_650-699		1,683		852		1,257		580		442		5,840		1,048		11,702
_600-649		-		-		40		21		141		2,103		29		2,334
_550-599		-		58		85		248		28		1,409		128		1,956
_500-549		-		-		-		-		-		633		-		633
Under 500		-		-		-		-		-		304		-		304
Unknown		-		-		-		-		-		-		-		-
Total	$	55,255	$	36,279	$	17,514	$	8,265	$	11,949	$	33,739	$	13,795	$	176,796
Accrued interest excluded from total	$	105	$	96	$	52	$	41	$	36	$	116	$	49	$	495

1-4 family - 2nd lien
800 and above	$	305	$	343	$	198	$	278	$	264	$	309	$	9,253	$	10,950
_750-799		1,921		3,401		1,265		1,460		2,190		2,530		26,881		39,648
_700-749		674		1,222		685		608		1,290		1,910		15,353		21,742
_650-699		14		271		453		278		742		1,668		6,219		9,645
_600-649		-		165		-		98		101		1,286		1,118		2,768
_550-599		-		-		81		138		33		887		587		1,726
_500-549		-		-		233		-		54		335		257		879
Under 500		-		-		128		3		61		4		140		336
Unknown		-		-		-		-		-		-		-		-
Total	$	2,914	$	5,402	$	3,043	$	2,863	$	4,735	$	8,929	$	59,808	$	87,694
Accrued interest excluded from total	$	5	$	11	$	10	$	10	$	14	$	38	$	209	$	297

	Mortgage - continued (1)
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans Amortized
	2021		2020		2019		2018		2017		Prior		Cost Basis		Total
	(In thousands)
September 30, 2021
Resort lending
_800 and above	$	101	$	710	$	189	$	275	$	-	$	8,296	$	-	$	9,571
_750-799		572		609		67		445		277		19,890		-		21,860
_700-749		-		119		-		374		67		9,517		-		10,077
_650-699		754		-		-		-		-		5,400		-		6,154
_600-649		-		-		-		-		-		1,503		-		1,503
_550-599		-		-		-		-		-		518		-		518
_500-549		-		-		-		-		-		288		-		288
Under 500		-		-		-		-		-		-		-		-
Unknown		-		-		-		-		-		-		-		-
Total	$	1,427	$	1,438	$	256	$	1,094	$	344	$	45,412	$	-	$	49,971
Accrued interest excluded from total	$	2	$	4	$	1	$	3	$	1	$	141	$	-	$	152

Total Mortgage
_800 and above	$	40,366	$	40,866	$	16,537	$	7,049	$	8,996	$	20,256	$	16,774	$	150,844
_750-799		177,672		148,586		59,310		23,698		33,532		47,988		46,563		537,349
_700-749		70,186		51,299		21,916		12,426		19,360		45,938		22,383		243,508
_650-699		18,761		21,090		14,030		8,085		11,285		26,064		9,305		108,620
_600-649		792		3,628		4,421		1,898		4,832		16,005		1,262		32,838
_550-599		-		1,946		242		2,014		1,108		9,628		904		15,842
_500-549		-		-		1,117		551		1,958		5,239		275		9,140
Under 500		-		406		394		37		401		1,473		140		2,851
Unknown		-		-		-		-		-		-		-		-
Total	$	307,777	$	267,821	$	117,967	$	55,758	$	81,472	$	172,591	$	97,606	$	1,100,992
Accrued interest excluded from total	$	685	$	607	$	344	$	251	$	243	$	554	$	314	$	2,998

(1)	Credit scores have been updated within the last twelve months.

	Installment (1)
	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Total
	(In thousands)
September 30, 2021
Boat lending
_800 and above	$	10,987	$	5,319	$	6,684	$	5,542	$	3,385	$	4,879	$	36,796
_750-799		43,158		26,970		22,603		18,139		10,682		12,324		133,876
_700-749		16,626		10,219		8,701		5,272		3,406		4,362		48,586
_650-699		2,025		2,075		1,705		1,301		1,064		1,798		9,968
_600-649		58		121		311		221		196		417		1,324
_550-599		-		15		48		171		74		328		636
_500-549		-		-		31		3		206		92		332
Under 500		-		-		-		20		8		-		28
Unknown		-		-		-		-		-		-		-
Total	$	72,854	$	44,719	$	40,083	$	30,669	$	19,021	$	24,200	$	231,546
Accrued interest excluded from total	$	151	$	108	$	111	$	79	$	50	$	54	$	553

Recreational vehicle lending
_800 and above	$	14,475	$	4,532	$	5,344	$	4,957	$	2,644	$	3,786	$	35,738
_750-799		56,744		24,800		19,363		12,607		6,152		7,545		127,211
_700-749		28,114		10,949		6,054		4,543		1,707		2,481		53,848
_650-699		2,659		3,035		2,304		997		437		1,071		10,503
_600-649		39		297		455		400		160		206		1,557
_550-599		-		86		154		106		64		162		572
_500-549		-		32		-		158		12		80		282
Under 500		-		-		21		-		10		9		40
Unknown		-		-		-		-		-		-		-
Total	$	102,031	$	43,731	$	33,695	$	23,768	$	11,186	$	15,340	$	229,751
Accrued interest excluded from total	$	235	$	106	$	86	$	60	$	30	$	32	$	549

Other
_800 and above	$	2,935	$	1,656	$	1,744	$	1,108	$	444	$	881	$	8,768
_750-799		11,318		9,893		6,445		3,367		2,335		3,139		36,497
_700-749		9,294		6,098		4,176		2,263		1,176		2,058		25,065
_650-699		17,399		2,351		1,569		743		702		1,432		24,196
_600-649		599		343		419		353		231		587		2,532
_550-599		1		72		56		119		82		159		489
_500-549		-		32		45		130		61		91		359
Under 500		-		-		43		1		17		29		90
Unknown		891		-		-		-		-		-		891
Total	$	42,437	$	20,445	$	14,497	$	8,084	$	5,048	$	8,376	$	98,887
Accrued interest excluded from total	$	67	$	44	$	43	$	23	$	13	$	39	$	229

Total installment
_800 and above	$	28,397	$	11,507	$	13,772	$	11,607	$	6,473	$	9,546	$	81,302
_750-799		111,220		61,663		48,411		34,113		19,169		23,008		297,584
_700-749		54,034		27,266		18,931		12,078		6,289		8,901		127,499
_650-699		22,083		7,461		5,578		3,041		2,203		4,301		44,667
_600-649		696		761		1,185		974		587		1,210		5,413
_550-599		1		173		258		396		220		649		1,697
_500-549		-		64		76		291		279		263		973
Under 500		-		-		64		21		35		38		158
Unknown		891		-		-		-		-		-		891
Total	$	217,322	$	108,895	$	88,275	$	62,521	$	35,255	$	47,916	$	560,184
Accrued interest excluded from total	$	453	$	258	$	240	$	162	$	93	$	125	$	1,331

(1)	Credit scores have been updated within the last twelve months.

The following tables summarize credit scores by loan class for our mortgage and installment loan portfolio segments at December 31, 2020:

	Mortgage
	1-4 Family Owner Occupied - Jumbo		1-4 Family Owner Occupied - Non-jumbo		1-4 Family Non-owner Occupied		1-4 Family 2nd Lien		Resort Lending		Total
	(In thousands)
December 31, 2020
_800 and above	$	61,077	$	40,187	$	25,468	$	12,490	$	9,546	$	148,768
_750-799		223,177		70,642		82,124		42,138		27,530		445,611
_700-749		101,086		75,489		30,326		22,962		11,726		241,589
_650-699		40,296		44,344		13,182		11,269		6,393		115,484
_600-649		11,146		18,519		4,303		2,703		1,670		38,341
_550-599		-		11,021		2,388		1,608		917		15,934
_500-549		3,396		5,129		1,580		1,012		192		11,309
_Under 500		-		2,242		405		348		73		3,068
_Total	$	440,178	$	267,573	$	159,776	$	94,530	$	58,047	$	1,020,104
Accrued interest included in total	$	1,301	$	1,641	$	587	$	373	$	276	$	4,178

	Installment
	Boat Lending		Recreational Vehicle Lending		Other		Total
	(In thousands)
December 31, 2020
_800 and above	$	32,231	$	29,223	$	9,154	$	70,608
_750-799		123,689		95,890		37,512		257,091
_700-749		38,223		33,476		25,262		96,961
_650-699		10,189		8,794		21,138		40,121
_600-649		2,083		1,305		3,730		7,118
_550-599		661		551		1,299		2,511
_500-549		342		283		767		1,392
_Under 500		95		52		63		210
_Unknown		-		-		510		510
_Total	$	207,513	$	169,574	$	99,435	$	476,522
Accrued interest included in total	$	572	$	457	$	156	$	1,185

Shareholders' Equity and Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2021

Shareholders' Equity and Earnings Per Common Share [Abstract]

Reconciliation of Basic and Diluted Net Income Per Share

A reconciliation of basic and diluted net income per common share follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(In thousands, except per share data)
Net income	$	15,962	$	19,584	$	50,387	$	39,166

Weighted average shares outstanding (1)		21,516		21,881		21,696		22,014
Stock units for deferred compensation plan for non-employee directors		118		117		119		119
Effect of stock options		60		85		71		90
Performance share units		32		32		32		33
Weighted average shares outstanding for calculation of diluted earnings per share		21,726		22,115		21,918		22,256

Net income per common share
Basic (1)	$	0.74	$	0.90	$	2.32	$	1.78
Diluted	$	0.73	$	0.89	$	2.30	$	1.76

(1)	Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.

Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2021

Derivative Financial Instruments [Abstract]

Derivative Financial Instruments According to Type of Hedge Designation

Our derivative financial instruments according to the type of hedge in which they are designated follows:

	September 30, 2021
	Notional Amount		Average Maturity (years)		Fair Value
	(Dollars in thousands)
Fair value hedge designation
Pay-fixed interest rate swap agreements - commercial	$	6,839		7.6	$	(453	)
Pay-fixed interest rate swap agreements - securities available for sale		148,895		6.1		3,271
Total	$	155,734		6.2	$	2,818

No hedge designation
Rate-lock mortgage loan commitments	$	184,611		0.1	$	3,535
Mandatory commitments to sell mortgage loans		158,546		0.1		448
Interest rate swaption agreement		10,000		0.5		164
Pay-fixed interest rate swap agreements - commercial		167,203		4.7		(5,965	)
Pay-variable interest rate swap agreements - commercial		167,203		4.7		5,965
Interest rate cap agreements		120,000		1.2		11
Purchased options		393		0.2		1
Written options		393		0.2		(1	)
Total	$	808,349		2.2	$	4,158

	December 31, 2020
	Notional Amount		Average Maturity (years)		Fair Value
	(Dollars in thousands)
Fair value hedge designation
Pay-fixed interest rate swap agreements - commercial	$	7,088		8.4	$	(776	)
Pay-fixed interest rate swap agreements - securities available for sale		41,950		7.1		15
Total	$	49,038		7.3	$	(761	)

No hedge designation
Rate-lock mortgage loan commitments	$	168,816		0.1	$	7,020
Mandatory commitments to sell mortgage loans		186,092		0.1		(941	)
Pay-fixed interest rate swap agreements - commercial		147,456		4.5		(9,700	)
Pay-variable interest rate swap agreements - commercial		147,456		4.5		9,700
Pay-fixed interest rate swap agreements		25,000		0.6		(295	)
Interest rate cap agreements		135,000		1.8		5
Purchased options		2,908		0.5		42
Written options		2,848		0.5		(42	)
Total	$	815,576		2.0	$	5,789

Fair Value of Derivative Instruments

Fair Values of Derivative Instruments

	Asset Derivatives								Liability Derivatives
	September 30, 2021				December 31, 2020				September 30, 2021				December 31, 2020
	Balance Sheet Location		Fair Value		Balance Sheet Location		Fair Value		Balance Sheet Location		Fair Value		Balance Sheet Location		Fair Value
	(In thousands)
Derivatives designated as hedging instruments		-				-				-				-
Pay-fixed interest rate swap agreements	Other assets		$	3,271	Other assets		$	15	Other liabilities		$	453	Other liabilities		$	776

Derivatives not designated as hedging instruments
Rate-lock mortgage loan commitments	Other assets			3,535	Other assets			7,020	Other liabilities			-	Other liabilities			-
Mandatory commitments to sell mortgage loans	Other assets			448	Other assets			-	Other liabilities			-	Other liabilities			941
Interest rate swaption agreement	Other assets			164	Other assets			-	Other liabilities			-	Other liabilities			-
Pay-fixed interest rate swap agreements - commercial	Other assets			82	Other assets			-	Other liabilities			6,047	Other liabilities			9,700
Pay-variable interest rate swap agreements - commercial	Other assets			6,047	Other assets			9,700	Other liabilities			82	Other liabilities			-
Pay-fixed interest rate swap agreements	Other assets			-	Other assets			-	Other liabilities			-	Other liabilities			295
Interest rate cap agreements	Other assets			11	Other assets			5	Other liabilities			-	Other liabilities			-
Purchased options	Other assets			1	Other assets			42	Other liabilities			-	Other liabilities			-
Written options	Other assets			-	Other assets			-	Other liabilities			1	Other liabilities			42
				10,288				16,767				6,130				10,978
Total derivatives			$	13,559			$	16,782			$	6,583			$	11,754

Effect of Derivative Financial Instruments on Consolidated Statement of Operations

The effect of derivative financial instruments on the Condensed Consolidated Statements of Operations follows:

Three Month Periods Ended September 30,
	Loss Recognized in Other Comprehensive Income (Loss) (Effective Portion)							Location of Loss Reclassified from Accumulated Other Comprehensive Income into Income (Effective	Loss Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)							Location of Gain (Loss) Recognized	Gain (Loss) Recognized in Income
	2021			2020				Portion)	2021			2020				in Income	2021			2020
	(In thousands)
Fair Value Hedges
Pay-fixed interest rate swap agreement - Commercial loan																Interest and fees on loans	$	63		$	6
Pay-fixed interest rate swap agreement - Securities available for sale																Interest on securities available for sale - tax - exempt		617			-
Total																	$	680		$	6
Cash Flow Hedges
Interest rate cap agreements		$	-		$	-		Interest expense		$	-		$	(180	)
Pay-fixed interest rate swap agreements			-			(26	)	Interest expense			-			(130	)
Total		$	-		$	(26	)			$	-		$	(310	)
No hedge designation
Rate-lock mortgage loan commitments																Net gains on mortgage loans	$	(821	)	$	1,096
Mandatory commitments to sell mortgage loans																Net gains on mortgage loans		579			52
Interest rate swaption agreement																Net gains on mortgage loans		2			-
Pay-fixed interest rate swap agreements - commercial																Interest income		908			688
Pay-variable interest rate swap agreements - commercial																Interest income		(908	)		(688	)
Pay-fixed interest rate swap agreements																Interest expense		57			117
Interest rate cap agreements																Interest expense		(5	)		(14	)
Purchased options																Interest expense		(70	)		(10	)
Written options																Interest expense		70			10
Total																	$	(188	)	$	1,251

Nine Month Periods Ended September 30,
	Gain (Loss) Recognized in Other Comprehensive Income (Loss) (Effective Portion)							Location of Loss Reclassified from Accumulated Other Comprehensive Income into Income (Effective	Loss Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)							Location of Gain (Loss) Recognized	Gain (Loss) Recognized in Income
	2021			2020				Portion)	2021			2020				in Income	2021			2020
	(In thousands)
Fair Value Hedges
Pay-fixed interest rate swap agreement - Commercial loan																Interest and fees on loans	$	323		$	(618	)
Pay-fixed interest rate swap agreement - Securities available for sale																Interest on securities available for sale - tax - exempt		3,256			-
Total																	$	3,579		$	(618	)
Cash Flow Hedges
Interest rate cap agreements		$	-		$	126		Interest expense		$	-		$	(413	)
Pay-fixed interest rate swap agreements			-			(480	)	Interest expense			-			(233	)
Total		$	-		$	(354	)			$	-		$	(646	)
No hedge designation
Rate-lock mortgage loan commitments																Net gains on mortgage loans	$	(3,485	)	$	6,944
Mandatory commitments to sell mortgage loans																Net gains on mortgage loans		1,389			(430	)
Interest rate swaption agreement																Net gains on mortgage loans		(25	)		-
Pay-fixed interest rate swap agreements - commercial																Interest income		3,735			(7,170	)
Pay-variable interest rate swap agreements - commercial																Interest income		(3,735	)		7,170
Pay-fixed interest rate swap agreements																Interest expense		295			117
Interest rate cap agreements																Interest expense		6			(56	)
Purchased options																Interest expense		(41	)		(111	)
Written options																Interest expense		41			109
Total																	$	(1,820	)	$	6,573

Goodwill and Other Intangibles (Tables)

9 Months Ended

Sep. 30, 2021

Goodwill and Other Intangibles [Abstract]

Other Intangible Assets, Net of Amortization

The following table summarizes intangible assets, net of amortization:

	September 30, 2021				December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
	(In thousands)

Amortized intangible assets - core deposits	$	11,916	$	8,337	$	11,916	$	7,610
Unamortized intangible assets - goodwill	$	28,300			$	28,300

Estimated Core Deposits Intangible Amortization

A summary of estimated core deposits intangible amortization at September 30, 2021 follows:

	(In thousands)

Three months ending December 31, 2021	$	243
2022		785
2023		547
2024		516
2025		487
2026 and thereafter		1,001
Total	$	3,579

Share Based Compensation (Tables)

9 Months Ended

Sep. 30, 2021

Share Based Compensation [Abstract]

Restricted Stock and Performance Stock Units Granted

A summary of restricted stock and performance stock units (“PSU”) granted pursuant to our long-term incentive plan follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020

Restricted stock		-		3,000		85,584		55,996
PSU		-		-		23,981		20,897

Outstanding Stock Option Grants and Transactions

A summary of outstanding stock option grants and related transactions follows:

	Number of Shares			Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)		Aggregated Intrinsic Value
								(In thousands)
Outstanding at January 1, 2021		121,189		$	4.81
Granted		-
Exercised		(38,650	)		2.81
Forfeited		-
Expired		-
Outstanding at September 30, 2021		82,539		$	5.74		1.8	$	1,299

Vested and expected to vest at September 30, 2021		82,539		$	5.74		1.8	$	1,299
Exercisable at September 30, 2021		82,539		$	5.74		1.8	$	1,299

Non-Vested Restricted Stock, Restricted Stock Units and PSU's

A summary of outstanding non-vested restricted stock and PSUs and related transactions follows:

	Number of Shares			Weighted- Average Grant Date Fair Value
Outstanding at January 1, 2021		207,117		$	22.70
Granted		109,565			20.45
Vested		(73,081	)		22.82
Forfeited		(13,907	)		21.93
Outstanding at September 30, 2021		229,694		$	21.64

Information Regarding Options Exercised

Certain information regarding options exercised during the periods follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(In thousands)				(In thousands)
Intrinsic value	$	19	$	11	$	720	$	224
Cash proceeds received	$	5	$	4	$	109	$	46
Tax benefit realized	$	4	$	2	$	151	$	47

Regulatory Matters (Tables)

9 Months Ended

Sep. 30, 2021

Regulatory Matters [Abstract]

Actual Capital Amounts and Ratios

Our actual capital amounts and ratios follow (1):

	Actual					Minimum for Adequately Capitalized Institutions					Minimum for Well-Capitalized Institutions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
	(Dollars in thousands)
September 30, 2021
Total capital to risk-weighted assets
Consolidated	$	481,639		14.94	%	$	257,926		8.00	%	NA		NA
Independent Bank		431,416		13.39			257,701		8.00		$	322,127		10.00	%

Tier 1 capital to risk-weighted assets
Consolidated	$	401,335		12.45	%	$	193,445		6.00	%	NA		NA
Independent Bank		391,147		12.14			193,276		6.00		$	257,701		8.00	%

Common equity tier 1 capital to risk-weighted assets
Consolidated	$	362,984		11.26	%	$	145,084		4.50	%	NA		NA
Independent Bank		391,147		12.14			144,957		4.50		$	209,382		6.50	%

Tier 1 capital to average assets
Consolidated	$	401,335		8.98	%	$	178,771		4.00	%	NA		NA
Independent Bank		391,147		8.75			178,895		4.00		$	223,618		5.00	%

December 31, 2020
Total capital to risk-weighted assets
Consolidated	$	455,072		15.95	%	$	228,214		8.00	%	NA		NA
Independent Bank		401,005		14.06			228,111		8.00		$	285,139		10.00	%

Tier 1 capital to risk-weighted assets
Consolidated	$	379,395		13.30	%	$	171,161		6.00	%	NA		NA
Independent Bank		365,343		12.81			171,083		6.00		$	228,111		8.00	%

Common equity tier 1 capital to risk-weighted assets
Consolidated	$	341,095		11.96	%	$	128,370		4.50	%	NA		NA
Independent Bank		365,343		12.81			128,312		4.50		$	185,340		6.50	%

Tier 1 capital to average assets
Consolidated	$	379,395		9.15	%	$	165,825		4.00	%	NA		NA
Independent Bank		365,343		8.81			165,828		4.00		$	207,285		5.00	%

(1)	These ratios do not reflect a capital conservation buffer of 2.50% at September 30, 2021 and December 31, 2020.

NA - Not applicable

Regulatory Capital

The components of our regulatory capital are as follows:

	Consolidated						Independent Bank
	September 30, 2021			December 31, 2020			September 30, 2021			December 31, 2020
	(In thousands)
Total shareholders' equity	$	400,031		$	389,522		$	428,194		$	413,770
Add (deduct)
Accumulated other comprehensive income for regulatory purposes		(12,895	)		(15,821	)		(12,895	)		(15,821	)
Goodwill and other intangibles		(31,879	)		(32,606	)		(31,879	)		(32,606	)
CECL (1)		7,727			-			7,727			-
Common equity tier 1 capital		362,984			341,095			391,147			365,343
Qualifying trust preferred securities		38,351			38,300			-			-
Tier 1 capital		401,335			379,395			391,147			365,343
Subordinated debt		40,000			40,000			-			-
Allowance for credit losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets (2)		40,304			35,677			40,269			35,662
Total risk-based capital	$	481,639		$	455,072		$	431,416		$	401,005

(1)	We elected the three year CECL transition method for regulatory purposes.

(2)	Beginning January 1, 2021, calculation of allowances are based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.

Fair Value Disclosures (Tables)

9 Months Ended

Sep. 30, 2021

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value

Assets and liabilities measured at fair value, including financial assets for which we have elected the fair value option, were as follows:

			Fair Value Measurements Using
	Fair Value Measure- ments		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Un- observable Inputs (Level 3)
	(In thousands)
September 30, 2021:
Measured at Fair Value on a Recurring Basis
Assets
Securities available for sale
U.S. agency	$	13,418	$	-	$	13,418	$	-
U.S. agency residential mortgage-backed		337,860		-		337,860		-
U.S. agency commercial mortgage-backed		18,608		-		18,608		-
Private label mortgage-backed		82,311		-		82,311		-
Other asset backed		176,121		-		176,121		-
Obligations of states and political subdivisions		564,222		-		564,222		-
Corporate		153,503		-		153,503		-
Trust preferred		1,826		-		1,826		-
Foreign government		509		-		509		-
Loans held for sale, carried at fair value		78,731		-		78,731		-
Capitalized mortgage loan servicing rights		24,208		-		-		24,208
Derivatives (1)		13,559		-		13,559		-
Liabilities
Derivatives (2)		6,583		-		6,583		-

Measured at Fair Value on a Non-recurring Basis:
Assets
Collateral dependent loans (3)
Commercial
Commercial and industrial		411		-		-		411
Commercial real estate		101		-		-		101
Mortgage
1-4 family owner occupied - non-jumbo		461		-		-		461
1-4 family non-owner occupied		180		-		-		180
1-4 family - 2nd lien		190		-		-		190
Resort lending		199		-		-		199
Installment
Boat lending		42		-		-		42
Recreational vehicle lending		28		-		-		28
Other		116		-		-		116

(1)	Included in accrued income and other assets

(2)	Included in accrued expenses and other liabilities

(3)	Only includes individually evaluated loans with specific loss allocations based on collateral value.

			Fair Value Measurements Using
	Fair Value Measure- ments		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Un- observable Inputs (Level 3)
	(In thousands)
December 31, 2020:
Measured at Fair Value on a Recurring Basis
Assets
Securities available for sale
U.S. agency	$	10,748	$	-	$	10,748	$	-
U.S. agency residential mortgage-backed		344,582		-		344,582		-
U.S. agency commercial mortgage-backed		7,195		-		7,195		-
Private label mortgage-backed		42,829		-		42,829		-
Other asset backed		254,181		-		254,181		-
Obligations of states and political subdivisions		324,293		-		324,293		-
Corporate		86,017		-		86,017		-
Trust preferred		1,798		-		1,798		-
Foreign government		516		-		516		-
Loans held for sale, carried at fair value		92,434		-		92,434		-
Capitalized mortgage loan servicing rights		16,904		-		-		16,904
Derivatives (1)		16,782		-		16,782		-
Liabilities
Derivatives (2)		11,754		-		11,754		-

Measured at Fair Value on a Non-recurring Basis:
Assets
Impaired loans (3)
Commercial
Commercial and industrial		1,468		-		-		1,468
Commercial real estate		6,586		-		-		6,586
Mortgage
1-4 family owner occupied - jumbo		-		-		-		-
1-4 family owner occupied - non-jumbo		321		-		-		321
1-4 family non-owner occupied		155		-		-		155
1-4 family - 2nd lien		324		-		-		324
Resort lending		61		-		-		61
Installment
Boat lending		4		-		-		4
Recreational vehicle lending		31		-		-		31
Other		124		-		-		124
Other real estate (4)
1-4 family owner occupied - non-jumbo		102		-		-		102

(1)	Included in accrued income and other assets

(2)	Included in accrued expenses and other liabilities

(3)	Only includes impaired loans with specific loss allocations based on collateral value.

(4)	Only includes other real estate with subsequent write downs to fair value.

Changes in Fair Value for Financial Assets

Changes in fair values for financial assets which we have elected the fair value option for the periods presented were as follows:

	Changes in Fair Values for the Nine-Month Periods Ended September 30 for Items Measured at Fair Value Pursuant to Election of the Fair Value Option
	Net Gains on Assets				Mortgage			Total Change in Fair Values Included in Current
	Mortgage Loans				Loan Servicing, net			Period Earnings
	(In thousands)
2021
Loans held for sale		$	(2,299	)	$	-			$	(2,299	)
Capitalized mortgage loan servicing rights			-			(1,333	)			(1,333	)

2020
Loans held for sale			2,081			-				2,081
Capitalized mortgage loan servicing rights			-			(14,028	)			(14,028	)

Reconciliation for all Assets Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)

A reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) follows:

	Capitalized Mortgage Loan Servicing Rights
	Three Months Ended September 30,						Nine Months Ended September 30,
	2021			2020			2021			2020
	(In thousands)						(In thousands)
Beginning balance	$	22,431		$	13,773		$	16,904		$	19,171
Total losses realized and unrealized:
Included in results of operations		(752	)		(2,387	)		(1,333	)		(14,028	)
Included in other comprehensive income (loss)		-			-			-			-
Purchases, issuances, settlements, maturities and calls		2,529			4,017			8,637			10,260
Transfers in and/or out of Level 3		-			-			-			-
Ending balance	$	24,208		$	15,403		$	24,208		$	15,403

Amount of total losses for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at September 30	$	(752	)	$	(2,387	)	$	(1,333	)	$	(14,028	)

Quantitative Information About Level 3 Fair Value Measurements Measured on a Recurring Basis and Non-recurring Basis

Quantitative information about our Level 3 fair value measurements measured on a recurring basis follows:

	Asset Fair Value		Valuation Technique		Unobservable Inputs		Range			Weighted Average
	(In thousands)			-		-		-
September 30, 2021
Capitalized mortgage loan servicing rights	$	24,208	Present value of net		Discount rate		10.00% to 13.00		%		10.07	%
			servicing revenue		Cost to service		$	68 to $815		$	81
					Ancillary income		17 to 30				21
					Float rate			1.05	%		1.05	%
					Prepayment rate		7.02% to 44.43		%		14.21	%
December 31, 2020
Capitalized mortgage loan servicing rights	$	16,904	Present value of net		Discount rate		10.00% to 13.00		%		10.09	%
			servicing revenue		Cost to service		$	69 to $289		$	79
					Ancillary income		20 to 37				22
					Float rate			0.43	%		0.43	%
					Prepayment rate		7.92% to 64.70		%		20.85	%

Quantitative information about Level 3 fair value measurements measured on a non-recurring basis follows:

Asset

Fair

Value

Valuation

Technique

Unobservable

Inputs

Range

Weighted

Average

(In thousands)

September 30, 2021

Collateral dependent loans

Commercial

512

Sales comparison approach

Adjustment for differences between comparable sales

(12.5)% to 12.0%

(1.6)%

Mortgage and Installment(1)

1,216

Sales comparison approach

Adjustment for differences between comparable sales

(24.2) to 76.9

1.7

December 31, 2020

Collateral dependent loans

Commercial

8,054

Sales comparison approach

Adjustment for differences between comparable sales

(40.0)% to 75.0%

3.8%

Mortgage and Installment(1)

1,020

Sales comparison approach

Adjustment for differences between comparable sales

(73.3) to 104.6

(1.5)

Other real estate

Mortgage

102

Sales comparison approach

Adjustment for differences between comparable sales

(13.1) to 2.4

(3.6)

(1)

Aggregate Fair Value and Aggregate Remaining Contractual Principal Balance for Loans Held for Sale

	Aggregate Fair Value		Difference		Contractual Principal
	(In thousands)
Loans held for sale
September 30, 2021	$	78,731	$	1,557	$	77,174
December 31, 2020		92,434		3,856		88,578

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

Fair Values of Financial Instruments [Abstract]

Fair Values of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2021

Estimated Recorded Book Balances and Fair Values

The estimated recorded book balances and fair values follow:

					Fair Value Using
	Recorded Book Balance		Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Un- observable Inputs (Level 3)
	(In thousands)
September 30, 2021
Assets
Cash and due from banks	$	49,946	$	49,946	$	49,946	$	-	$	-
Interest bearing deposits		75,675		75,675		75,675		-		-
Securities available for sale		1,348,378		1,348,378		-		1,348,378		-
Federal Home Loan Bank and Federal Reserve Bank Stock		18,427	NA		NA		NA		NA
Net loans and loans held for sale		2,915,910		2,949,021		-		78,731		2,870,290
Accrued interest receivable		12,721		12,721		2		5,691		7,028
Derivative financial instruments		13,559		13,559		-		13,559		-

Liabilities
Deposits with no stated maturity (1)	$	3,661,774	$	3,661,774	$	3,661,774	$	-	$	-
Deposits with stated maturity (1)		350,294		351,269		-		351,269		-
Other borrowings		30,007		30,333		-		30,333		-
Subordinated debt		39,338		45,742		-		45,742		-
Subordinated debentures		39,575		29,474		-		29,474		-
Accrued interest payable		1,112		1,112		67		1,045		-
Derivative financial instruments		6,583		6,583		-		6,583		-

December 31, 2020
Assets
Cash and due from banks	$	56,006	$	56,006	$	56,006	$	-	$	-
Interest bearing deposits		62,699		62,699		62,699		-		-
Securities available for sale		1,072,159		1,072,159		-		1,072,159		-
Federal Home Loan Bank and Federal Reserve Bank Stock		18,427	NA		NA		NA		NA
Net loans and loans held for sale		2,790,683		2,794,058		-		92,434		2,701,624
Accrued interest receivable		12,315		12,315		3		3,414		8,898
Derivative financial instruments		16,782		16,782		-		16,782		-

Liabilities
Deposits with no stated maturity (1)	$	3,198,338	$	3,198,338	$	3,198,338	$	-	$	-
Deposits with stated maturity (1)		439,017		441,457		-		441,457		-
Other borrowings		30,012		30,844		-		30,844		-
Subordinated debt		39,281		41,417		-		41,417		-
Subordinated debentures		39,524		30,265		-		30,265		-
Accrued interest payable		601		601		59		542		-
Derivative financial instruments		11,754		11,754		-		11,754		-

(1)

Contingencies (Tables)

9 Months Ended

Sep. 30, 2021

Contingencies [Abstract]

Commercial Loan Portfolio with Greater Potential Risk

	Amount		% of Total Loans
	(Dollars in millions)
Commercial and industrial portfolio segment:
Retail	$	68		2.4	%
Food service		56		1.9
Hotel		38		1.3
		162		5.6

Commercial real estate portfolio segment:
Retail		108		3.7
Office		74		2.6
Multifamily		67		2.3
		249		8.6

Total	$	411		14.3	%

Accumulated Other Comprehensive Income (Loss) ("AOCIL") (Tables)

9 Months Ended

Sep. 30, 2021

Accumulated Other Comprehensive Income (Loss) ("AOCIL") [Abstract]

Accumulated Other Comprehensive Income (Loss) (AOCIL), Net of Tax

A summary of changes in AOCIL follows:

	Unrealized Gains on Securities Available for Sale			Dispropor- tionate Tax Effects from Securities Available for Sale			Unrealized Losses on Cash Flow Hedges			Total
	(In thousands)
For the three months ended September 30, 2021
Balances at beginning of period	$	14,214		$	(5,798	)	$	-		$	8,416
Other comprehensive loss before reclassifications		(1,322	)		-			-			(1,322	)
Amounts reclassified from AOCIL		4			-			-			4
Net current period other comprehensive loss		(1,318	)		-			-			(1,318	)
Balances at end of period	$	12,896		$	(5,798	)	$	-		$	7,098

2020
Balances at beginning of period	$	11,315		$	(5,798	)	$	(1,721	)	$	3,796
Other comprehensive income (loss) before reclassifications		2,125			-			(20	)		2,105
Amounts reclassified from AOCIL		-			-			245			245
Net current period other comprehensive income		2,125			-			225			2,350
Balances at end of period	$	13,440		$	(5,798	)	$	(1,496	)	$	6,146

For the nine months ended September 30, 2021
Balances at beginning of period	$	15,822		$	(5,798	)	$	-		$	10,024
Other comprehensive loss before reclassifications		(4,049	)		-			-			(4,049	)
Amounts reclassified from AOCIL		1,123			-			-			1,123
Net current period other comprehensive loss		(2,926	)		-			-			(2,926	)
Balances at end of period	$	12,896		$	(5,798	)	$	-		$	7,098

2020
Balances at beginning of period	$	3,739		$	(5,798	)	$	(1,727	)	$	(3,786	)
Other comprehensive income (loss) before reclassifications		9,901			-			(279	)		9,622
Amounts reclassified from AOCIL		(200	)		-			510			310
Net current period other comprehensive income		9,701			-			231			9,932
Balances at end of period	$	13,440		$	(5,798	)	$	(1,496	)	$	6,146

Reclassifications Out of Each Component of AOCIL

A summary of reclassifications out of each component of AOCIL for the three months ended September 30 follows:

AOCIL Component	Amount Reclassified From AOCIL			Affected Line Item in Condensed Consolidated Statements of Operations
	(In thousands)
2021
Unrealized gains on securities available for sale
	$	5		Net gains on securities available for sale
		1		Income tax expense
	$	4		Reclassifications, net of tax

2020
Unrealized gains on securities available for sale
	$	-		Net gains on securities available for sale
		-		Net impairment loss recognized in earnings
		-		Total reclassifications before tax
		-		Income tax expense
	$	-		Reclassifications, net of tax

Unrealized losses on cash flow hedges
	$	310		Interest expense
		65		Income tax expense
	$	245		Reclassification, net of tax

	$	(245	)	Total reclassifications for the period, net of tax

A summary of reclassifications out of each component of AOCIL for the nine months ended September 30 follows:

AOCIL Component	Amount Reclassified From AOCIL			Affected Line Item in Condensed Consolidated Statements of Operations
	(In thousands)
2021
Unrealized gains on securities available for sale
	$	1,421		Net gains on securities available for sale
		298		Income tax expense
	$	1,123		Reclassifications, net of tax

2020
Unrealized gains on securities available for sale
	$	253		Net gains on securities available for sale
		-		Net impairment loss recognized in earnings
		253		Total reclassifications before tax
		53		Income tax expense
	$	200		Reclassifications, net of tax

Unrealized losses on cash flow hedges
	$	646		Interest expense
		136		Income tax expense
	$	510		Reclassification, net of tax

	$	(310	)	Total reclassifications for the period, net of tax

Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2021

Revenue from Contracts with Customers [Abstract]

Disaggregation of Revenue Sources by Attribute

Disaggregation of our revenue sources by attribute follows:

Three months ending September 30, 2021
	Service Charges on Deposit Accounts		Other Deposit Related Income		Interchange Income		Investment and Insurance Commissions		Total
	(In thousands)
Retail
Overdraft fees	$	2,699	$	-	$	-	$	-	$	2,699
Account service charges		107		-		-		-		107
ATM fees		-		336		-		-		336
Other		-		179		-		-		179
Business
Overdraft fees		138		-		-		-		138
ATM fees		-		8		-		-		8
Other		-		79		-		-		79
Interchange income		-		-		4,237		-		4,237
Asset management revenue		-		-		-		444		444
Transaction based revenue		-		-		-		234		234

Total	$	2,944	$	602	$	4,237	$	678	$	8,461

Reconciliation to Condensed Consolidated Statement of Operations:
Non-interest income - other:
Other deposit related income									$	602
Investment and insurance commissions										678
Bank owned life insurance										145
Other										1,452
Total									$	2,877

Three months ending September 30, 2020
	Service Charges on Deposit Accounts		Other Deposit Related Income		Interchange Income		Investment and Insurance Commissions		Total
	(In thousands)
Retail
Overdraft fees	$	1,371	$	-	$	-	$	-	$	1,371
Account service charges		544		-		-		-		544
ATM fees		-		320		-		-		320
Other		-		184		-		-		184
Business
Overdraft fees		170		-		-		-		170
ATM fees		-		7		-		-		7
Other		-		89		-		-		89
Interchange income		-		-		3,428		-		3,428
Asset management revenue		-		-		-		335		335
Transaction based revenue		-		-		-		195		195

Total	$	2,085	$	600	$	3,428	$	530	$	6,643

Reconciliation to Condensed Consolidated Statement of Operations:
Non-interest income - other:
Other deposit related income									$	600
Investment and insurance commissions										530
Bank owned life insurance										215
Other										592
Total									$	1,937

Nine months ending September 30, 2021
	Service Charges on Deposit Accounts		Other Deposit Related Income		Interchange Income		Investment and Insurance Commissions		Total
	(In thousands)
Retail
Overdraft fees	$	5,746	$	-	$	-	$	-	$	5,746
Account service charges		950		-		-		-		950
ATM fees		-		817		-		-		817
Other		-		552		-		-		552
Business
Overdraft fees		482		-		-		-		482
ATM fees		-		18		-		-		18
Other		-		238		-		-		238
Interchange income		-		-		10,739		-		10,739
Asset management revenue		-		-		-		1,227		1,227
Transaction based revenue		-		-		-		668		668

Total	$	7,178	$	1,625	$	10,739	$	1,895	$	21,437

Reconciliation to Condensed Consolidated Statement of Operations:
Non-interest income - other:
Other deposit related income									$	1,625
Investment and insurance commissions										1,895
Bank owned life insurance										411
Other										2,847
Total									$	6,778

Nine months ending September 30, 2020
	Service Charges on Deposit Accounts		Other Deposit Related Income		Interchange Income		Investment and Insurance Commissions		Total
	(In thousands)
Retail
Overdraft fees	$	4,130	$	-	$	-	$	-	$	4,130
Account service charges		1,501		-		-		-		1,501
ATM fees		-		896		-		-		896
Other		-		577		-		-		577
Business
Overdraft fees		668		-		-		-		668
ATM fees		-		18		-		-		18
Other		-		252		-		-		252
Interchange income		-		-		8,411		-		8,411
Asset management revenue		-		-		-		937		937
Transaction based revenue		-		-		-		541		541

Total	$	6,299	$	1,743	$	8,411	$	1,478	$	17,931

Reconciliation to Condensed Consolidated Statement of Operations:
Non-interest income - other:
Other deposit related income									$	1,743
Investment and insurance commissions										1,478
Bank owned life insurance										750
Other										1,727
Total									$	5,698

Leases (Tables)

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

Components of Operating Leases

The cost components of our operating leases follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(In thousands)				(In thousands)
Operating lease cost	$	424	$	395	$	1,259	$	1,357
Variable lease cost		15		16		46		52
Short-term lease cost		17		10		47		26
Total	$	456	$	421	$	1,352	$	1,435

Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to our operating leases follows:

	September 30, 2021			December 31, 2020
	(Dollars in thousands)
Lease right of use asset (1)	$	6,861		$	7,646
Lease liabilities (2)	$	6,989		$	7,868

Weighted average remaining lease term (years)		6.60			7.12
Weighted average discount rate		2.3	%		2.4	%

(1)	Included in Accrued income and other assets in our Condensed Consolidated Statements of Financial Condition.

(2)	Included in Accrued expenses and other liabilities in our Condensed Consolidated Statements of Financial Condition.

Maturity Analysis of Lease Liabilities

Maturity analysis of our lease liabilities at September 30, 2021 based on required contractual payments follows:

	(In thousands)

Three months ending December 31, 2021	$	432
2022		1,620
2023		1,305
2024		816
2025		809
2026 and thereafter		2,539
Total lease payments		7,521
Less imputed interest		(532	)
Total	$	6,989

New Accounting Standards (Details) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2021

Dec. 31, 2020

Jun. 30, 2021

Sep. 30, 2020

Jun. 30, 2020

Dec. 31, 2019

Amortized cost basis of PCD assets, adjusted amount

$ 0

134

^[1]

$ 2,733,678

2,883,978

(35,429)

^[1]

$ (45,926)

$ (35,771)

$ (34,500)

(46,799)

^[1]

(46,799)

^[1]

$ (26,148)

2,698,249

2,837,179

Liabilities and shareholder's equity [Abstract]

4,622,340

4,204,013

4,222,309

3,814,491

66,543

40,145

400,031

389,522

395,974

373,092

355,123

350,169

4,622,340

4,204,013

Amortized cost basis of PCD assets, adjusted amount

^[1]

1,242,415

1,222,802

(7,401)

^[1]

(9,094)

(8,153)

(8,731)

(9,876)

(7,922)

Amortized cost basis of PCD assets, adjusted amount

^[1]

1,015,926

^[2]

1,100,992

(6,998)

^[1]

(18,933)

(6,999)

(7,261)

(19,175)

(8,216)

Amortized cost basis of PCD assets, adjusted amount

^[1]

475,337

^[2]

560,184

(1,112)

^[1]

$ (3,701)

$ (1,239)

$ (1,217)

$ (4,061)

$ (1,283)

ASU 2016-13 [Member]

Allowance for loan losses forecast period

1 year

Amortized cost basis of PCD assets, adjusted amount

11,700

130

Remaining noncredit discount, amount

340

ASU 2016-13 [Member] | Unfunded Loan Commitments [Member]

ASU 2016-13 [Member] | As Reported [Member]

1,500

2,733,812

(47,137)

2,686,675

Deferred tax assets

^[3]

65,196

Liabilities and shareholder's equity [Abstract]

4,195,179

Allowance for credit losses on unfunded lending commitments

^[4]

3,274

3,815,960

29,842

379,219

ASU 2016-13 [Member] | As Reported [Member] | Commercial [Member]

4,195,179

ASU 2016-13 [Member] | As Reported [Member] | Mortgage [Member]

1,242,510

ASU 2016-13 [Member] | As Reported [Member] | Installment [Member]

1,015,944

ASU 2016-13 [Member] | Impact, Adjustment [Member]

475,358

134

(11,708)

(11,574)

Deferred tax assets

^[3]

2,740

Liabilities and shareholder's equity [Abstract]

(8,834)

Allowance for credit losses on unfunded lending commitments

^[4]

1,469

1,469

(10,303)

(10,303)

ASU 2016-13 [Member] | Impact, Adjustment [Member] | Commercial [Member]

(8,834)

ASU 2016-13 [Member] | Impact, Adjustment [Member] | Mortgage [Member]

ASU 2016-13 [Member] | Impact, Adjustment [Member] | Installment [Member]

ASU 2016-13 [Member] | Previously Reported [Member]

2,733,678

(35,429)

2,698,249

Deferred tax assets

^[3]

62,456

Liabilities and shareholder's equity [Abstract]

4,204,013

Allowance for credit losses on unfunded lending commitments

^[4]

1,805

3,814,491

40,145

389,522

ASU 2016-13 [Member] | Previously Reported [Member] | Commercial [Member]

4,204,013

ASU 2016-13 [Member] | Previously Reported [Member] | Mortgage [Member]

1,242,415

ASU 2016-13 [Member] | Previously Reported [Member] | Installment [Member]

1,015,926

ASU 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]

475,337

Liabilities and shareholder's equity [Abstract]

(11,574)

10,300

ASU 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial [Member]

(10,303)

ASU 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Mortgage [Member]

(2,551)

ASU 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Installment [Member]

(12,000)

Analysis of allowance for loan losses by portfolio segment [Roll Forward]

$ (3,052)

[1]	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.
[2]	Credit scores have been updated within the last twelve months.
[3]	Included in Accrued income and other assets in our Condensed Consolidated Statements of Financial Condition.
[4]	Included in Accrued expenses and other liabilities in our Condensed Consolidated Statements of Financial Condition.

Securities, Available for Sale, Gross Unrealized Losses and Fair Values (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2021 USD ($) Security	Sep. 30, 2020 USD ($)	Dec. 31, 2020 USD ($)
Available-for-sale Securities, Amortized Cost Basis [Abstract]
Amortized cost	$ 1,332,054		$ 1,052,132
Unrealized Gains	19,811		21,431
Unrealized Losses	3,487		1,404
Fair Value	1,348,378		1,072,159
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less Than Twelve Months, Fair Value	287,991		148,169
Less Than Twelve Months, Unrealized Losses	3,086		989
Twelve Months or More, Fair Value	26,261		28,257
Twelve Months or More, Unrealized Losses	401		415
Total, Fair Value	314,252		176,426
Total, Unrealized Losses	3,487		1,404
Available-for-sale, allowance for credit losses	0
Accrued interest receivable	5,700
Credit related charges recognized in earnings	0	$ 0
U.S. Agency [Member]
Available-for-sale Securities, Amortized Cost Basis [Abstract]
Amortized cost	13,278		10,456
Unrealized Gains	187		305
Unrealized Losses	47		13
Fair Value	13,418		10,748
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less Than Twelve Months, Fair Value	5,071		1,469
Less Than Twelve Months, Unrealized Losses	44		3
Twelve Months or More, Fair Value	1,382		2,329
Twelve Months or More, Unrealized Losses	3		10
Total, Fair Value	6,453		3,798
Total, Unrealized Losses	$ 47		13
Number of securities with market fair value less than amortized cost \| Security	14
U.S. Agency Residential Mortgage-Backed [Member]
Available-for-sale Securities, Amortized Cost Basis [Abstract]
Amortized cost	$ 337,140		340,224
Unrealized Gains	2,810		4,951
Unrealized Losses	2,090		593
Fair Value	337,860		344,582
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less Than Twelve Months, Fair Value	135,320		96,839
Less Than Twelve Months, Unrealized Losses	1,923		592
Twelve Months or More, Fair Value	19,297		83
Twelve Months or More, Unrealized Losses	167		1
Total, Fair Value	154,617		96,922
Total, Unrealized Losses	$ 2,090		593
Number of securities with market fair value less than amortized cost \| Security	57
U.S. Agency Commercial Mortgage-Backed [Member]
Available-for-sale Securities, Amortized Cost Basis [Abstract]
Amortized cost	$ 18,473		6,869
Unrealized Gains	161		326
Unrealized Losses	26		0
Fair Value	18,608		7,195
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less Than Twelve Months, Fair Value	5,367
Less Than Twelve Months, Unrealized Losses	26
Twelve Months or More, Fair Value	0
Twelve Months or More, Unrealized Losses	0
Total, Fair Value	5,367
Total, Unrealized Losses	$ 26
Number of securities with market fair value less than amortized cost \| Security	13
Private Label Mortgage-Backed [Member]
Available-for-sale Securities, Amortized Cost Basis [Abstract]
Amortized cost	$ 81,154		41,429
Unrealized Gains	1,271		1,539
Unrealized Losses	114		139
Fair Value	82,311		42,829
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less Than Twelve Months, Fair Value	18,628		11,838
Less Than Twelve Months, Unrealized Losses	88		95
Twelve Months or More, Fair Value	2,110		2,050
Twelve Months or More, Unrealized Losses	26		44
Total, Fair Value	20,738		13,888
Total, Unrealized Losses	$ 114		139
Number of securities with market fair value less than amortized cost \| Security	21
Other Asset Backed [Member]
Available-for-sale Securities, Amortized Cost Basis [Abstract]
Amortized cost	$ 174,488		252,596
Unrealized Gains	1,653		1,796
Unrealized Losses	20		211
Fair Value	176,121		254,181
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less Than Twelve Months, Fair Value	8,161		7,142
Less Than Twelve Months, Unrealized Losses	9		25
Twelve Months or More, Fair Value	989		21,197
Twelve Months or More, Unrealized Losses	11		186
Total, Fair Value	9,150		28,339
Total, Unrealized Losses	$ 20		211
Number of securities with market fair value less than amortized cost \| Security	10
Obligations of States and Political Subdivisions [Member]
Available-for-sale Securities, Amortized Cost Basis [Abstract]
Amortized cost	$ 555,155		315,780
Unrealized Gains	9,983		8,691
Unrealized Losses	916		178
Fair Value	564,222		324,293
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less Than Twelve Months, Fair Value	88,064		28,957
Less Than Twelve Months, Unrealized Losses	871		177
Twelve Months or More, Fair Value	567		800
Twelve Months or More, Unrealized Losses	45		1
Total, Fair Value	88,631		29,757
Total, Unrealized Losses	$ 916		178
Number of securities with market fair value less than amortized cost \| Security	193
Corporate [Member]
Available-for-sale Securities, Amortized Cost Basis [Abstract]
Amortized cost	$ 149,893		82,307
Unrealized Gains	3,736		3,807
Unrealized Losses	126		97
Fair Value	153,503		86,017
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less Than Twelve Months, Fair Value	27,380		1,924
Less Than Twelve Months, Unrealized Losses	125		97
Twelve Months or More, Fair Value	90		0
Twelve Months or More, Unrealized Losses	1		0
Total, Fair Value	27,470		1,924
Total, Unrealized Losses	$ 126		97
Number of securities with market fair value less than amortized cost \| Security	22
Trust Preferred [Member]
Available-for-sale Securities, Amortized Cost Basis [Abstract]
Amortized cost	$ 1,974		1,971
Unrealized Gains	0		0
Unrealized Losses	148		173
Fair Value	1,826		1,798
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less Than Twelve Months, Fair Value	0		0
Less Than Twelve Months, Unrealized Losses	0		0
Twelve Months or More, Fair Value	1,826		1,798
Twelve Months or More, Unrealized Losses	148		173
Total, Fair Value	1,826		1,798
Total, Unrealized Losses	$ 148		173
Number of securities with market fair value less than amortized cost \| Security	2
Number of issues rated as investment grade \| Security	1
Number of securities not rated \| Security	1
Non-rated securities, amortized cost	$ 1,000
Fair value of non-rated trust preferred securities	860
Foreign Government [Member]
Available-for-sale Securities, Amortized Cost Basis [Abstract]
Amortized cost	499		500
Unrealized Gains	10		16
Unrealized Losses	0		0
Fair Value	$ 509		$ 516

Securities, Amortized Cost and Fair Value Securities Available for Sale Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Maturing within one year	$ 15,701
Maturing after one year but within five years	125,299
Maturing after five years but within ten years	230,998
Maturing after ten years	348,801
Amortized cost	720,799
U.S. agency residential mortgage-backed	337,140
U.S. agency commercial mortgage-backed	18,473
Private label mortgage-backed	81,154
Other asset backed	174,488
Amortized cost	1,332,054	$ 1,052,132
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Maturing within one year	15,849
Maturing after one year but within five years	128,338
Maturing after five years but within ten years	234,100
Maturing after ten years	355,191
Total available-for-sale securities fair value	733,478
U.S. agency residential mortgage-backed	337,860
U.S. agency commercial mortgage-backed	18,608
Private label mortgage-backed	82,311
Other asset backed	176,121
Total	$ 1,348,378	$ 1,072,159

Securities, Gains and Losses Realized on Sale of Securities Available for Sale (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Gain and losses realized on sale of securities available for sale [Abstract]
Proceeds	$ 81,683	$ 36,593
Realized gains	1,471	253
Realized losses	$ 50	$ 0

Loans, Allowance for Credit Losses (Details) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2021

Sep. 30, 2020

Sep. 30, 2021

Sep. 30, 2020

Dec. 31, 2020

Dec. 31, 2019

$ 45,926

$ 34,500

$ 35,429

^[1]

46,799

^[1]

46,799

^[1]

$ 26,148

^[1]

(659)

(2,558)

Initial allowance on loans purchased with credit deterioration

^[1]

975

$ 12,884

134

2,484

650

3,918

2,404

(952)

(354)

(1,698)

(5,665)

35,771

$ 35,429

^[1]

^[1]

46,799

^[1]

5,581

^[1]

29,848

35,771

35,429

^[1]

^[1]

50,672

^[1]

2,690,880

^[1]

2,742,577

^[1]

8,899

^[1]

2,733,678

ASU 2016-13 [Member]

Initial allowance on loans purchased with credit deterioration

130

Impact of Adoption [Member] | ASU 2016-13 [Member]

11,574

Loans Acquired with Deteriorated Credit Quality [Member]

11,574

^[1]

^[1]

1,025

Analysis of allowance for loan losses by portfolio segment [Roll Forward]

9,094

8,731

7,401

^[1]

9,876

7,922

(969)

(2,591)

Initial allowance on loans purchased with credit deterioration

^[1]

(875)

2,804

1,751

297

2,420

1,463

(4,036)

8,153

7,401

^[1]

9,876

^[1]

1,266

^[1]

6,135

8,153

7,401

^[1]

^[1]

9,431

^[1]

1,236,052

^[1]

1,245,951

^[1]

3,536

Commercial [Member] | Impact of Adoption [Member] | ASU 2016-13 [Member]

^[1]

1,242,415

2,551

Commercial [Member] | Loans Acquired with Deteriorated Credit Quality [Member]

2,551

^[1]

^[1]

468

Analysis of allowance for loan losses by portfolio segment [Roll Forward]

18,933

7,261

6,998

^[1]

19,175

8,216

(264)

Initial allowance on loans purchased with credit deterioration

^[1]

(257)

(895)

339

157

720

364

(113)

(162)

(297)

(686)

6,999

6,998

^[1]

19,175

^[1]

4,124

^[1]

2,874

6,999

6,998

^[1]

^[1]

39,245

^[1]

980,449

^[1]

1,020,104

^[1]

4,178

Mortgage [Member] | Impact of Adoption [Member] | ASU 2016-13 [Member]

^[1]

1,015,926

12,000

Mortgage [Member] | Loans Acquired with Deteriorated Credit Quality [Member]

12,000

^[1]

^[1]

410

Analysis of allowance for loan losses by portfolio segment [Roll Forward]

3,701

1,217

1,112

^[1]

4,061

1,283

805

499

Initial allowance on loans purchased with credit deterioration

^[1]

322

394

196

778

577

(839)

(192)

(1,401)

(943)

1,239

1,112

^[1]

4,061

^[1]

191

^[1]

921

1,239

1,112

^[1]

^[1]

1,996

^[1]

474,379

^[1]

476,522

^[1]

1,185

Installment [Member] | Impact of Adoption [Member] | ASU 2016-13 [Member]

^[1]

475,337

3,052

Installment [Member] | Loans Acquired with Deteriorated Credit Quality [Member]

3,052

^[1]

Subjective Allocation [Member]

^[1]

147

Analysis of allowance for loan losses by portfolio segment [Roll Forward]

14,198

17,291

19,918

^[1]

13,687

$ 8,727

(511)

(202)

Initial allowance on loans purchased with credit deterioration

^[1]

2,089

10,653

19,380

19,918

^[1]

$ 13,687

^[1]

^[1]

19,918

Subjective Allocation [Member] | Impact of Adoption [Member] | ASU 2016-13 [Member]

$ 19,380

19,918

^[1]

(6,029)

Subjective Allocation [Member] | Loans Acquired with Deteriorated Credit Quality [Member]

(6,029)

^[1]

$ 0

[1]	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.

Loans, Receivables Past Due (Details) - USD ($)
$ in Thousands

Sep. 30, 2021

Dec. 31, 2020

$ 1,203

4,387

5,590

2,883,978

Loans Past Due, 90+ days [Member]

7,028

2,983

$ 3,008

Commercial and Industrial [Member]

Government guaranteed loans excluded from non-performing loans

1-4 Family Owner Occupied - Non-jumbo [Member]

Government guaranteed loans excluded from non-performing loans

274

386

^[1]

1,222,802

Commercial [Member] | Commercial and Industrial [Member]

2,699

^[2]

^[2]

189

^[2]

189

^[2]

625,192

Commercial [Member] | Commercial and Industrial [Member] | Loans Past Due, 90+ days [Member]

1,627

Commercial [Member] | Commercial Real Estate [Member]

242

597,610

Commercial [Member] | Commercial Real Estate [Member] | Loans Past Due, 90+ days [Member]

1,072

^[3]

1,100,992

Mortgage [Member] | 1-4 Family Owner Occupied - Jumbo [Member]

^[3]

2,998

607

^[3]

537,311

Mortgage [Member] | 1-4 Family Owner Occupied - Jumbo [Member] | Loans Past Due, 90+ days [Member]

^[3]

1,233

Mortgage [Member] | 1-4 Family Owner Occupied - Non-jumbo [Member]

607

623

^[4]

133

^[4]

1,836

^[4]

1,969

^[4]

^[3]

249,220

Mortgage [Member] | 1-4 Family Owner Occupied - Non-jumbo [Member] | Loans Past Due, 90+ days [Member]

^[3]

821

Mortgage [Member] | 1-4 Family Non-owner Occupied [Member]

700

502

281

685

966

^[3]

176,796

Mortgage [Member] | 1-4 Family Non-owner Occupied [Member] | Loans Past Due, 90+ days [Member]

^[3]

495

445

476

182

885

1,067

^[3]

87,694

Mortgage [Member] | 1-4 Family - 2nd Lien [Member] | Loans Past Due, 90+ days [Member]

^[3]

297

428

732

277

277

^[3]

49,971

Mortgage [Member] | Resort Lending [Member] | Loans Past Due, 90+ days [Member]

^[3]

152

278

358

^[3]

560,184

^[3]

1,331

155

155

^[3]

231,546

Installment [Member] | Boat Lending [Member] | Loans Past Due, 90+ days [Member]

^[3]

553

Installment [Member] | Recreational Vehicle Lending [Member]

^[3]

229,751

Installment [Member] | Recreational Vehicle Lending [Member] | Loans Past Due, 90+ days [Member]

^[3]

549

289

289

^[3]

98,887

Installment [Member] | Other [Member] | Loans Past Due, 90+ days [Member]

^[3]

229

Non-Performing Loans [Member]

175

199

5,590

7,873

^[1]

Non-Performing Loans [Member] | Commercial [Member] | Commercial and Industrial [Member]

^[1]

Non-Performing Loans [Member] | Commercial [Member] | Commercial Real Estate [Member]

^[2]

189

1,387

^[1]

Non-Performing Loans [Member] | Mortgage [Member] | 1-4 Family Owner Occupied - Jumbo [Member]

^[1]

Non-Performing Loans [Member] | Mortgage [Member] | 1-4 Family Owner Occupied - Non-jumbo [Member]

607

623

^[1]

Non-Performing Loans [Member] | Mortgage [Member] | 1-4 Family Non-owner Occupied [Member]

^[4]

1,969

2,281

^[1]

Non-Performing Loans [Member] | Mortgage [Member] | 1-4 Family - 2nd Lien [Member]

966

1,112

^[1]

Non-Performing Loans [Member] | Mortgage [Member] | Resort Lending [Member]

1,067

1,344

^[1]

Non-Performing Loans [Member] | Installment [Member] | Boat Lending [Member]

277

607

^[1]

Non-Performing Loans [Member] | Installment [Member] | Recreational Vehicle Lending [Member]

155

^[1]

Non-Performing Loans [Member] | Installment [Member] | Other [Member]

^[1]

$ 289

$ 393

^[1]

[1]	Non-performing loans at December 31, 2020 exclude PCI loans.
[2]	Non-performing commercial and industrial loans exclude $0.053 million of government guaranteed loans at both September 30, 2021 and December 31, 2020.
[3]	Credit scores have been updated within the last twelve months.
[4]	Non-performing 1-4 family owner occupied – non jumbo loans exclude $0.274 million and $0.386 million of government guaranteed loans at September 30, 2021 and December 31, 2020, respectively.

Loans, Amortized Cost of Collateral-dependent Loans by Class (Details) - USD ($)
$ in Thousands

Sep. 30, 2021

Dec. 31, 2019

$ 2,883,978

46,799

^[1]

$ 26,148

Collateral Dependent Loans [Member]

7,028

903

Real Estate [Member]

2,987

Other Loan [Member]

847

1,222,802

9,876

7,922

Commercial [Member] | Commercial and Industrial [Member]

2,699

625,192

Commercial [Member] | Commercial and Industrial [Member] | Collateral Dependent Loans [Member]

1,627

Commercial [Member] | Commercial and Industrial [Member] | Real Estate [Member]

235

Commercial [Member] | Commercial and Industrial [Member] | Other Loan [Member]

Commercial [Member] | Commercial Real Estate [Member]

559

597,610

Commercial [Member] | Commercial Real Estate [Member] | Collateral Dependent Loans [Member]

1,072

Commercial [Member] | Commercial Real Estate [Member] | Real Estate [Member]

Commercial [Member] | Commercial Real Estate [Member] | Other Loan [Member]

131

^[2]

1,100,992

19,175

8,216

Mortgage [Member] | 1-4 Family Owner Occupied - Jumbo [Member]

^[2]

2,998

^[2]

537,311

Mortgage [Member] | 1-4 Family Owner Occupied - Jumbo [Member] | Collateral Dependent Loans [Member]

^[2]

1,233

Mortgage [Member] | 1-4 Family Owner Occupied - Jumbo [Member] | Real Estate [Member]

Mortgage [Member] | 1-4 Family Owner Occupied - Jumbo [Member] | Other Loan [Member]

607

Mortgage [Member] | 1-4 Family Owner Occupied - Non-jumbo [Member]

^[2]

249,220

Mortgage [Member] | 1-4 Family Owner Occupied - Non-jumbo [Member] | Collateral Dependent Loans [Member]

^[2]

821

Mortgage [Member] | 1-4 Family Owner Occupied - Non-jumbo [Member] | Real Estate [Member]

254

Mortgage [Member] | 1-4 Family Owner Occupied - Non-jumbo [Member] | Other Loan [Member]

848

Mortgage [Member] | 1-4 Family Non-owner Occupied [Member]

^[2]

176,796

Mortgage [Member] | 1-4 Family Non-owner Occupied [Member] | Collateral Dependent Loans [Member]

^[2]

495

Mortgage [Member] | 1-4 Family Non-owner Occupied [Member] | Real Estate [Member]

Mortgage [Member] | 1-4 Family Non-owner Occupied [Member] | Other Loan [Member]

560

^[2]

87,694

Mortgage [Member] | 1-4 Family - 2nd Lien [Member] | Collateral Dependent Loans [Member]

^[2]

297

Mortgage [Member] | 1-4 Family - 2nd Lien [Member] | Real Estate [Member]

104

Mortgage [Member] | 1-4 Family - 2nd Lien [Member] | Other Loan [Member]

476

^[2]

49,971

Mortgage [Member] | Resort Lending [Member] | Collateral Dependent Loans [Member]

^[2]

152

Mortgage [Member] | Resort Lending [Member] | Real Estate [Member]

Mortgage [Member] | Resort Lending [Member] | Other Loan [Member]

278

^[2]

560,184

4,061

$ 1,283

^[2]

1,331

^[2]

231,546

Installment [Member] | Boat Lending [Member] | Collateral Dependent Loans [Member]

^[2]

553

Installment [Member] | Boat Lending [Member] | Real Estate [Member]

Installment [Member] | Boat Lending [Member] | Other Loan [Member]

Installment [Member] | Recreational Vehicle Lending [Member]

^[2]

229,751

Installment [Member] | Recreational Vehicle Lending [Member] | Collateral Dependent Loans [Member]

^[2]

549

Installment [Member] | Recreational Vehicle Lending [Member] | Real Estate [Member]

Installment [Member] | Recreational Vehicle Lending [Member] | Other Loan [Member]

^[2]

98,887

Installment [Member] | Other [Member] | Collateral Dependent Loans [Member]

^[2]

229

Installment [Member] | Other [Member] | Real Estate [Member]

Installment [Member] | Other [Member] | Other Loan [Member]

Impaired loans with no allocated ACL [Abstract]

$ 180

[1]	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.
[2]	Credit scores have been updated within the last twelve months.

Loans, Impaired Financing Receivables, Impaired Loans (Details)
$ in Thousands

Dec. 31, 2020

USD ($)

^[1]

Troubled debt restructurings ("TDR")

$ 93

Non - TDR

1,367

Impaired loans with an allocated ACL [Abstract]

TDR - allowance based on collateral

9,027

TDR - allowance based on present value cash flow

37,953

Non - TDR - allowance based on collateral

1,873

Total impaired loans

50,313

Amount of ACL allocated [Abstract]

TDR - allowance based on collateral

1,058

TDR - allowance based on present value cash flow

3,755

Non - TDR - allowance based on collateral

768

Total amount of ACL allocated

$ 5,581

[1]	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.

Loans, Impaired Financing Receivables, Impaired Loans by Class (Details)
$ in Thousands

Dec. 31, 2020

USD ($)

Unpaid Principal Balance, with no related ACL recorded

$ 1,460

1,865

^[1]

49,212

51,105

50,672

52,970

5,581

^[1]

Commercial [Member] | Commercial and Industrial [Member]

359

Unpaid Principal Balance, with no related ACL recorded

^[1]

2,227

2,370

2,304

2,450

Commercial [Member] | Commercial Real Estate [Member]

756

^[1]

Unpaid Principal Balance, with no related ACL recorded

^[1]

7,127

7,096

7,127

7,096

Mortgage [Member] | 1-4 Family Owner Occupied - Jumbo [Member]

510

^[1]

Unpaid Principal Balance, with no related ACL recorded

623

629

^[1]

506

880

1,129

1,509

Mortgage [Member] | 1-4 Family Owner Occupied - Non-jumbo [Member]

^[1]

Unpaid Principal Balance, with no related ACL recorded

^[1]

21,655

22,311

21,655

22,311

Mortgage [Member] | 1-4 Family Non-owner Occupied [Member]

2,300

^[1]

Unpaid Principal Balance, with no related ACL recorded

305

473

^[1]

4,335

4,704

4,640

5,177

495

^[1]

Unpaid Principal Balance, with no related ACL recorded

301

304

^[1]

811

829

1,112

1,133

200

^[1]

Unpaid Principal Balance, with no related ACL recorded

154

379

^[1]

10,555

10,764

10,709

11,143

1,079

^[1]

Unpaid Principal Balance, with no related ACL recorded

^[1]

Installment [Member] | Recreational Vehicle Lending [Member]

^[1]

Unpaid Principal Balance, with no related ACL recorded

^[1]

100

100

^[1]

Unpaid Principal Balance, with no related ACL recorded

^[1]

1,902

2,040

1,902

2,040

Average recorded investment in and interest income earned on impaired loans by class [Abstract]

$ 170

^[1]

[1]	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.

Loans, Impaired Financing Receivables, Average Recorded Investment (Details) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2020

Average Recorded Investment, with no related ACL recorded

^[1]

$ 1,862

$ 1,790

Interest Income Recognized, with no related ACL recorded

^[1]

Average Recorded Investment, with an a ACL recorded

^[1]

56,522

57,198

^[1]

670

2,334

^[1]

58,384

58,988

Commercial [Member] | Commercial and Industrial [Member]

^[1]

674

2,347

Average recorded investment in and interest income earned on impaired loans by class [Abstract]

Average Recorded Investment, with no related ACL recorded

^[1]

103

137

Interest Income Recognized, with no related ACL recorded

^[1]

Average Recorded Investment, with an a ACL recorded

^[1]

2,431

2,231

^[1]

105

^[1]

2,534

2,368

Commercial [Member] | Commercial Real Estate [Member]

^[1]

109

Average recorded investment in and interest income earned on impaired loans by class [Abstract]

Average Recorded Investment, with no related ACL recorded

^[1]

199

Interest Income Recognized, with no related ACL recorded

^[1]

Average Recorded Investment, with an a ACL recorded

^[1]

12,195

11,657

^[1]

130

641

^[1]

12,195

11,856

Mortgage [Member] | 1-4 Family Owner Occupied - Jumbo [Member]

^[1]

130

641

Average recorded investment in and interest income earned on impaired loans by class [Abstract]

Average Recorded Investment, with no related ACL recorded

^[1]

632

316

Interest Income Recognized, with no related ACL recorded

^[1]

Average Recorded Investment, with an a ACL recorded

^[1]

808

1,228

^[1]

^[1]

1,440

1,544

Mortgage [Member] | 1-4 Family Owner Occupied - Non-jumbo [Member]

^[1]

Average recorded investment in and interest income earned on impaired loans by class [Abstract]

Average Recorded Investment, with no related ACL recorded

^[1]

331

353

Interest Income Recognized, with no related ACL recorded

^[1]

Average Recorded Investment, with an a ACL recorded

^[1]

22,070

19,116

^[1]

277

901

^[1]

22,401

19,469

Mortgage [Member] | 1-4 Family Non-owner Occupied [Member]

^[1]

277

905

Average recorded investment in and interest income earned on impaired loans by class [Abstract]

Average Recorded Investment, with no related ACL recorded

^[1]

316

309

Interest Income Recognized, with no related ACL recorded

^[1]

Average Recorded Investment, with an a ACL recorded

^[1]

4,708

4,746

^[1]

170

^[1]

5,024

5,055

^[1]

175

Average recorded investment in and interest income earned on impaired loans by class [Abstract]

Average Recorded Investment, with no related ACL recorded

^[1]

403

399

Interest Income Recognized, with no related ACL recorded

^[1]

Average Recorded Investment, with an a ACL recorded

^[1]

598

4,017

^[1]

^[1]

1,001

4,416

^[1]

Average recorded investment in and interest income earned on impaired loans by class [Abstract]

Average Recorded Investment, with no related ACL recorded

^[1]

Interest Income Recognized, with no related ACL recorded

^[1]

Average Recorded Investment, with an a ACL recorded

^[1]

11,186

11,506

^[1]

125

358

^[1]

11,263

11,583

^[1]

125

358

Average recorded investment in and interest income earned on impaired loans by class [Abstract]

Average Recorded Investment, with no related ACL recorded

^[1]

Interest Income Recognized, with no related ACL recorded

^[1]

Average Recorded Investment, with an a ACL recorded

^[1]

106

^[1]

^[1]

106

Installment [Member] | Recreational Vehicle Lending [Member]

^[1]

Average recorded investment in and interest income earned on impaired loans by class [Abstract]

Average Recorded Investment, with no related ACL recorded

^[1]

Interest Income Recognized, with no related ACL recorded

^[1]

Average Recorded Investment, with an a ACL recorded

^[1]

^[1]

^[1]

^[1]

Average recorded investment in and interest income earned on impaired loans by class [Abstract]

Average Recorded Investment, with no related ACL recorded

^[1]

Interest Income Recognized, with no related ACL recorded

^[1]

Average Recorded Investment, with an a ACL recorded

^[1]

2,324

2,545

^[1]

109

^[1]

2,324

2,545

^[1]

$ 33

$ 109

[1]	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.

Loans, Troubled Debt Restructurings (Details)
$ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2021

USD ($)

Contract

Sep. 30, 2020

USD ($)

Contract

Sep. 30, 2021

USD ($)

Payment

Contract

Sep. 30, 2020

USD ($)

Contract

Dec. 31, 2020

USD ($)

Number of consecutive timely payments required | Payment

$ 37,927

$ 47,073

Troubled debt restructuring, reserve

$ 3,700

4,800

Loans classified as troubled debt restructurings [Abstract]

$ 0

$ 163

$ 0

$ 8,622

TDR Modifications recorded balance

168

8,637

Charge offs due to troubled debt restructurings

Charge-offs on TDRs that subsequently defaulted

$ 0

Past due period for modified loans

90 days

Minimum [Member]

Modification of stated interest rate of loans, range of period

9 months

Modifications involving extension of maturity date, period range

1 month

Maximum [Member]

Modification of stated interest rate of loans, range of period

36 months

Modification of stated interest rate of loans, range of period in certain circumstances

480 months

Modifications involving extension of maturity date, period range

60 months

Modifications involving extension of maturity date, period range in certain circumstances

230 months

Performing TDRs [Member]

Non-performing TDRs [Member]

36,729

$ 36,729

44,341

^[1]

1,198

2,732

Commercial [Member] | Performing TDRs [Member]

4,692

9,104

Commercial [Member] | Non-performing TDRs [Member]

4,692

7,956

Commercial [Member] | Commercial and Industrial [Member]

^[1]

$ 0

1,148

Loans classified as troubled debt restructurings [Abstract]

$ 0

$ 1,207

Commercial [Member] | Commercial Real Estate [Member]

$ 0

$ 1,207

Loans classified as troubled debt restructurings [Abstract]

$ 0

$ 7,012

Mortgage [Member] | 1-4 Family Owner Occupied - Jumbo [Member]

$ 0

$ 7,012

Loans classified as troubled debt restructurings [Abstract]

$ 0

Mortgage [Member] | 1-4 Family Owner Occupied - Non-jumbo [Member]

$ 0

Loans classified as troubled debt restructurings [Abstract]

$ 0

$ 92

$ 0

$ 195

Mortgage [Member] | 1-4 Non-owner Occupied [Member]

$ 0

$ 95

$ 0

$ 203

Loans classified as troubled debt restructurings [Abstract]

$ 0

$ 52

$ 0

$ 111

$ 0

$ 54

$ 0

$ 116

Loans classified as troubled debt restructurings [Abstract]

$ 0

$ 45

$ 0

$ 46

Loans classified as troubled debt restructurings [Abstract]

$ 0

$ 0

Loans classified as troubled debt restructurings [Abstract]

$ 0

Installment [Member] | Recreational Vehicle Lending [Member]

$ 0

Loans classified as troubled debt restructurings [Abstract]

$ 0

$ 0

Loans classified as troubled debt restructurings [Abstract]

$ 0

$ 19

$ 0

$ 52

$ 19

$ 53

Retail [Member]

Retail [Member] | Performing TDRs [Member]

^[2]

33,235

37,969

Retail [Member] | Non-performing TDRs [Member]

^[2]

32,037

36,385

Non-TDR Loan Modifications and Paycheck Protection Program ("PPP") due to COVID-19 [Abstract]

^[1],[2],[3]

$ 1,198

$ 1,584

[1]	Included in non-performing loans table above.
[2]	Retail loans include mortgage and installment loan portfolio segments.
[3]	Also includes loans on non-accrual at the time of modification until six payments are received on a timely basis.

Loans, Non-TDR Loan Modifications and Paycheck Protection Program ("PPP") Due to COVID-19 (Details)
$ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2021

USD ($)

Loan

Sep. 30, 2020

USD ($)

Sep. 30, 2021

USD ($)

Loan

Sep. 30, 2020

USD ($)

Dec. 31, 2020

USD ($)

Loan

Dec. 31, 2019

USD ($)

Interest only period for Commercial loans

3 months

Suspended payments period for Retail loans

3 months

$ 2,883,978

^[1]

$ 2,733,678

0.20%

Interest and fees on loans

46,799

^[1]

$ 46,799

^[1]

$ 26,148

30,132

$ 30,393

86,328

$ 92,020

Paycheck Protection Program [Member]

Non-TDR Loan Modifications and Paycheck Protection Program ("PPP") due to COVID-19 [Abstract]

$ 90,150

Number of outstanding loans | Loan

$ 169,782

826

1,483

Unaccreted net fees remaining at period end

$ 3,178

$ 3,216

Interest and fees on loans

2,600

$ 1,300

6,500

$ 2,300

Non-TDR Loan Modifications and Paycheck Protection Program ("PPP") due to COVID-19 [Abstract]

1,222,802

$ 1,222,802

^[1]

1,242,415

0.00%

9,876

$ 9,876

7,922

Non-TDR Loan Modifications and Paycheck Protection Program ("PPP") due to COVID-19 [Abstract]

^[2]

1,100,992

$ 1,100,992

^[1]

1,015,926

0.50%

19,175

$ 19,175

8,216

Non-TDR Loan Modifications and Paycheck Protection Program ("PPP") due to COVID-19 [Abstract]

^[2]

560,184

$ 560,184

^[1]

475,337

0.00%

Mortgage Loans Serviced for Others [Member]

4,061

$ 4,061

$ 1,283

Non-TDR Loan Modifications and Paycheck Protection Program ("PPP") due to COVID-19 [Abstract]

^[3]

3,237,251

$ 3,237,251

COVID-19 Accommodations [Member] | Paycheck Protection Program [Member]

^[3]

0.20%

Non-TDR Loan Modifications and Paycheck Protection Program ("PPP") due to COVID-19 [Abstract]

Number of loans with Covid 19 Accommodations | Loan

Non-TDR loan modifications, portfolio loans outstanding

6,010

$ 6,010

COVID-19 Accommodations [Member] | Commercial [Member] | Paycheck Protection Program [Member]

Non-TDR Loan Modifications and Paycheck Protection Program ("PPP") due to COVID-19 [Abstract]

Number of loans with Covid 19 Accommodations | Loan

Non-TDR loan modifications, portfolio loans outstanding

$ 0

COVID-19 Accommodations [Member] | Mortgage [Member] | Paycheck Protection Program [Member]

Non-TDR Loan Modifications and Paycheck Protection Program ("PPP") due to COVID-19 [Abstract]

Number of loans with Covid 19 Accommodations | Loan

Non-TDR loan modifications, portfolio loans outstanding

5,901

$ 5,901

COVID-19 Accommodations [Member] | Installment [Member] | Paycheck Protection Program [Member]

Non-TDR Loan Modifications and Paycheck Protection Program ("PPP") due to COVID-19 [Abstract]

Number of loans with Covid 19 Accommodations | Loan

Non-TDR loan modifications, portfolio loans outstanding

109

$ 109

COVID-19 Accommodations [Member] | Mortgage Loans Serviced for Others [Member] | Paycheck Protection Program [Member]

Non-TDR Loan Modifications and Paycheck Protection Program ("PPP") due to COVID-19 [Abstract]

Number of loans with Covid 19 Accommodations | Loan

^[3]

Non-TDR loan modifications, portfolio loans outstanding

^[3]

7,986

$ 7,986

COVID-19 Subsequent Accommodation [Member] | Paycheck Protection Program [Member]

Non-TDR Loan Modifications and Paycheck Protection Program ("PPP") due to COVID-19 [Abstract]

Number of loans with Covid 19 Accommodations | Loan

^[4]

Non-TDR loan modifications, portfolio loans outstanding

^[4]

4,424

$ 4,424

COVID-19 Subsequent Accommodation [Member] | Commercial [Member] | Paycheck Protection Program [Member]

Non-TDR Loan Modifications and Paycheck Protection Program ("PPP") due to COVID-19 [Abstract]

Number of loans with Covid 19 Accommodations | Loan

^[4]

Non-TDR loan modifications, portfolio loans outstanding

^[4]

$ 0

COVID-19 Subsequent Accommodation [Member] | Mortgage [Member] | Paycheck Protection Program [Member]

Non-TDR Loan Modifications and Paycheck Protection Program ("PPP") due to COVID-19 [Abstract]

Number of loans with Covid 19 Accommodations | Loan

^[4]

Non-TDR loan modifications, portfolio loans outstanding

^[4]

4,315

$ 4,315

COVID-19 Subsequent Accommodation [Member] | Installment [Member] | Paycheck Protection Program [Member]

Non-TDR Loan Modifications and Paycheck Protection Program ("PPP") due to COVID-19 [Abstract]

Number of loans with Covid 19 Accommodations | Loan

^[4]

Non-TDR loan modifications, portfolio loans outstanding

^[4]

109

$ 109

Closed and Outstanding - Round 1 Loans [Member] | Paycheck Protection Program [Member]

Non-TDR Loan Modifications and Paycheck Protection Program ("PPP") due to COVID-19 [Abstract]

$ 1,262

Number of outstanding loans | Loan

$ 169,782

1,483

Closed and Outstanding - Round 2 Loans [Member] | Paycheck Protection Program [Member]

Non-TDR Loan Modifications and Paycheck Protection Program ("PPP") due to COVID-19 [Abstract]

$ 88,888

Number of outstanding loans | Loan

$ 0

806

[1]	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.
[2]	Credit scores have been updated within the last twelve months.
[3]	We have delegated authority from all investors to grant these deferrals on their behalf.
[4]	Subsequent accommodations are extensions of the original accommodations that were given as summarized in the paragraph above.

Loans, Loan Ratings by Loan Class, Commercial (Details) - USD ($)
$ in Thousands

Sep. 30, 2021

Dec. 31, 2020

Summary of Loan Ratings by Loan Class [Abstract]

$ 2,883,978

7,028

^[1]

$ 2,742,577

^[1]

8,899

Summary of Loan Ratings by Loan Class [Abstract]

234,464

127,122

164,942

138,901

88,272

292,076

177,025

1,222,802

689

234

318

402

202

584

270

2,699

^[1]

1,245,951

Commercial [Member] | Non-Watch 1-6 [Member]

^[1]

3,536

Summary of Loan Ratings by Loan Class [Abstract]

234,340

126,588

159,899

128,141

85,123

284,958

176,613

1,195,662

1,199,208

Commercial [Member] | Watch 7-8 [Member]

3,408

Summary of Loan Ratings by Loan Class [Abstract]

124

402

3,844

9,288

2,029

5,705

237

21,629

38,743

Commercial [Member] | Substandard Accrual 9 [Member]

105

Summary of Loan Ratings by Loan Class [Abstract]

1,199

1,472

1,120

1,303

175

5,269

6,613

Commercial [Member] | Non-Accrual 10-11 [Member]

Summary of Loan Ratings by Loan Class [Abstract]

132

110

242

1,387

Commercial [Member] | Commercial and Industrial [Member]

Summary of Loan Ratings by Loan Class [Abstract]

155,707

71,966

61,581

51,464

45,272

103,478

135,724

625,192

584

155

107

235

108

237

201

1,627

Commercial [Member] | Commercial and Industrial [Member] | Non-Watch 1-6 [Member]

676,319

Summary of Loan Ratings by Loan Class [Abstract]

155,583

71,787

59,607

49,692

44,992

97,219

135,312

614,192

Commercial [Member] | Commercial and Industrial [Member] | Watch 7-8 [Member]

637,826

Summary of Loan Ratings by Loan Class [Abstract]

124

775

1,507

280

4,846

237

7,816

Commercial [Member] | Commercial and Industrial [Member] | Substandard Accrual 9 [Member]

32,765

Summary of Loan Ratings by Loan Class [Abstract]

1,199

265

1,303

175

2,942

Commercial [Member] | Commercial and Industrial [Member] | Non-Accrual 10-11 [Member]

4,341

Summary of Loan Ratings by Loan Class [Abstract]

132

110

242

Commercial [Member] | Commercial Real Estate [Member]

1,387

Summary of Loan Ratings by Loan Class [Abstract]

78,757

55,156

103,361

87,437

43,000

188,598

41,301

597,610

105

211

167

347

1,072

Commercial [Member] | Commercial Real Estate [Member] | Non-Watch 1-6 [Member]

569,632

Summary of Loan Ratings by Loan Class [Abstract]

78,757

54,801

100,292

78,449

40,131

187,739

41,301

581,470

Commercial [Member] | Commercial Real Estate [Member] | Watch 7-8 [Member]

561,382

Summary of Loan Ratings by Loan Class [Abstract]

355

3,069

7,781

1,749

859

13,813

Commercial [Member] | Commercial Real Estate [Member] | Substandard Accrual 9 [Member]

5,978

Summary of Loan Ratings by Loan Class [Abstract]

1,207

1,120

2,327

Commercial [Member] | Commercial Real Estate [Member] | Non-Accrual 10-11 [Member]

2,272

Summary of Loan Ratings by Loan Class [Abstract]

$ 0

Summary of Credit Scores by Loan Class [Abstract]

$ 0

[1]	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.

Loans, Credit Scores by Loan Class, Mortgage and Installment Segments, Current Period (Details)
$ in Thousands

Sep. 30, 2021

USD ($)

$ 2,883,978

7,028

Summary of Credit Scores by Loan Class [Abstract]

307,777

^[1]

267,821

^[1]

117,967

^[1]

55,758

^[1]

81,472

^[1]

172,591

^[1]

97,606

^[1]

1,100,992

^[1]

685

^[1]

607

^[1]

344

^[1]

251

^[1]

243

^[1]

554

^[1]

314

^[1]

Mortgage [Member] | 800 and Above [Member]

2,998

^[1]

Summary of Credit Scores by Loan Class [Abstract]

40,366

^[1]

40,866

^[1]

16,537

^[1]

7,049

^[1]

8,996

^[1]

20,256

^[1]

16,774

^[1]

Mortgage [Member] | 750 to 799 [Member]

150,844

^[1]

Summary of Credit Scores by Loan Class [Abstract]

177,672

^[1]

148,586

^[1]

59,310

^[1]

23,698

^[1]

33,532

^[1]

47,988

^[1]

46,563

^[1]

Mortgage [Member] | 700 to 749 [Member]

537,349

^[1]

Summary of Credit Scores by Loan Class [Abstract]

70,186

^[1]

51,299

^[1]

21,916

^[1]

12,426

^[1]

19,360

^[1]

45,938

^[1]

22,383

^[1]

Mortgage [Member] | 650 to 699 [Member]

243,508

^[1]

Summary of Credit Scores by Loan Class [Abstract]

18,761

^[1]

21,090

^[1]

14,030

^[1]

8,085

^[1]

11,285

^[1]

26,064

^[1]

9,305

^[1]

Mortgage [Member] | 600 to 649 [Member]

108,620

^[1]

Summary of Credit Scores by Loan Class [Abstract]

792

^[1]

3,628

^[1]

4,421

^[1]

1,898

^[1]

4,832

^[1]

16,005

^[1]

1,262

^[1]

Mortgage [Member] | 550 to 599 [Member]

32,838

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

1,946

^[1]

242

^[1]

2,014

^[1]

1,108

^[1]

9,628

^[1]

904

^[1]

Mortgage [Member] | 500 to 549 [Member]

15,842

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

1,117

^[1]

551

^[1]

1,958

^[1]

5,239

^[1]

275

^[1]

Mortgage [Member] | Under 500 [Member]

9,140

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

406

^[1]

394

^[1]

^[1]

401

^[1]

1,473

^[1]

140

^[1]

Mortgage [Member] | Unknown [Member]

2,851

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

Mortgage [Member] | 1-4 Family Owner Occupied - Jumbo [Member]

^[1]

Summary of Credit Scores by Loan Class [Abstract]

217,115

^[1]

173,566

^[1]

70,512

^[1]

24,157

^[1]

36,619

^[1]

12,694

^[1]

2,648

^[1]

537,311

^[1]

403

^[1]

382

^[1]

187

^[1]

129

^[1]

^[1]

^[1]

^[1]

Mortgage [Member] | 1-4 Family Owner Occupied - Jumbo [Member] | 800 and Above [Member]

1,233

^[1]

Summary of Credit Scores by Loan Class [Abstract]

25,061

^[1]

29,107

^[1]

8,113

^[1]

2,998

^[1]

1,495

^[1]

1,007

^[1]

889

^[1]

Mortgage [Member] | 1-4 Family Owner Occupied - Jumbo [Member] | 750 to 799 [Member]

68,670

^[1]

Summary of Credit Scores by Loan Class [Abstract]

132,430

^[1]

96,341

^[1]

38,487

^[1]

10,581

^[1]

14,111

^[1]

3,105

^[1]

1,759

^[1]

Mortgage [Member] | 1-4 Family Owner Occupied - Jumbo [Member] | 700 to 749 [Member]

296,814

^[1]

Summary of Credit Scores by Loan Class [Abstract]

52,125

^[1]

30,359

^[1]

12,369

^[1]

5,303

^[1]

10,793

^[1]

5,331

^[1]

^[1]

Mortgage [Member] | 1-4 Family Owner Occupied - Jumbo [Member] | 650 to 699 [Member]

116,280

^[1]

Summary of Credit Scores by Loan Class [Abstract]

7,499

^[1]

14,416

^[1]

8,275

^[1]

4,822

^[1]

7,529

^[1]

1,571

^[1]

^[1]

Mortgage [Member] | 1-4 Family Owner Occupied - Jumbo [Member] | 600 to 649 [Member]

44,112

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

1,455

^[1]

2,794

^[1]

^[1]

1,531

^[1]

1,680

^[1]

^[1]

Mortgage [Member] | 1-4 Family Owner Occupied - Jumbo [Member] | 550 to 599 [Member]

7,460

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

1,888

^[1]

^[1]

^[1]

553

^[1]

^[1]

^[1]

Mortgage [Member] | 1-4 Family Owner Occupied - Jumbo [Member] | 500 to 549 [Member]

2,441

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

474

^[1]

453

^[1]

607

^[1]

^[1]

^[1]

Mortgage [Member] | 1-4 Family Owner Occupied - Jumbo [Member] | Under 500 [Member]

1,534

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

Mortgage [Member] | 1-4 Family Owner Occupied - Jumbo [Member] | Unknown [Member]

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

Mortgage [Member] | 1-4 Family Owner Occupied - Non-jumbo [Member]

^[1]

Summary of Credit Scores by Loan Class [Abstract]

31,066

^[1]

51,136

^[1]

26,642

^[1]

19,379

^[1]

27,825

^[1]

71,817

^[1]

21,355

^[1]

249,220

^[1]

170

^[1]

114

^[1]

^[1]

^[1]

^[1]

224

^[1]

^[1]

Mortgage [Member] | 1-4 Family Owner Occupied - Non-jumbo [Member] | 800 and Above [Member]

821

^[1]

Summary of Credit Scores by Loan Class [Abstract]

5,982

^[1]

6,711

^[1]

5,233

^[1]

2,363

^[1]

3,612

^[1]

4,779

^[1]

4,361

^[1]

Mortgage [Member] | 1-4 Family Owner Occupied - Non-jumbo [Member] | 750 to 799 [Member]

33,041

^[1]

Summary of Credit Scores by Loan Class [Abstract]

10,337

^[1]

24,756

^[1]

7,702

^[1]

7,679

^[1]

11,391

^[1]

11,561

^[1]

10,960

^[1]

Mortgage [Member] | 1-4 Family Owner Occupied - Non-jumbo [Member] | 700 to 749 [Member]

84,386

^[1]

Summary of Credit Scores by Loan Class [Abstract]

5,144

^[1]

11,704

^[1]

7,323

^[1]

3,393

^[1]

5,060

^[1]

22,497

^[1]

3,674

^[1]

Mortgage [Member] | 1-4 Family Owner Occupied - Non-jumbo [Member] | 650 to 699 [Member]

58,795

^[1]

Summary of Credit Scores by Loan Class [Abstract]

8,811

^[1]

5,551

^[1]

4,045

^[1]

2,405

^[1]

2,572

^[1]

11,585

^[1]

2,038

^[1]

Mortgage [Member] | 1-4 Family Owner Occupied - Non-jumbo [Member] | 600 to 649 [Member]

37,007

^[1]

Summary of Credit Scores by Loan Class [Abstract]

792

^[1]

2,008

^[1]

1,587

^[1]

1,779

^[1]

3,059

^[1]

9,433

^[1]

115

^[1]

Mortgage [Member] | 1-4 Family Owner Occupied - Non-jumbo [Member] | 550 to 599 [Member]

18,773

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

1,628

^[1]

494

^[1]

6,814

^[1]

189

^[1]

Mortgage [Member] | 1-4 Family Owner Occupied - Non-jumbo [Member] | 500 to 549 [Member]

9,201

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

410

^[1]

^[1]

1,297

^[1]

3,983

^[1]

^[1]

Mortgage [Member] | 1-4 Family Owner Occupied - Non-jumbo [Member] | Under 500 [Member]

5,806

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

406

^[1]

266

^[1]

^[1]

340

^[1]

1,165

^[1]

^[1]

Mortgage [Member] | 1-4 Family Owner Occupied - Non-jumbo [Member] | Unknown [Member]

2,211

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

Mortgage [Member] | 1-4 Non-owner Occupied [Member]

^[1]

Summary of Credit Scores by Loan Class [Abstract]

55,255

^[1]

36,279

^[1]

17,514

^[1]

8,265

^[1]

11,949

^[1]

33,739

^[1]

13,795

^[1]

176,796

^[1]

105

^[1]

^[1]

^[1]

^[1]

^[1]

116

^[1]

^[1]

Mortgage [Member] | 1-4 Non-owner Occupied [Member] | 800 and Above [Member]

495

^[1]

Summary of Credit Scores by Loan Class [Abstract]

8,917

^[1]

3,995

^[1]

2,804

^[1]

1,135

^[1]

3,625

^[1]

5,865

^[1]

2,271

^[1]

Mortgage [Member] | 1-4 Non-owner Occupied [Member] | 750 to 799 [Member]

28,612

^[1]

Summary of Credit Scores by Loan Class [Abstract]

32,412

^[1]

23,479

^[1]

11,789

^[1]

3,533

^[1]

5,563

^[1]

10,902

^[1]

6,963

^[1]

Mortgage [Member] | 1-4 Non-owner Occupied [Member] | 700 to 749 [Member]

94,641

^[1]

Summary of Credit Scores by Loan Class [Abstract]

12,243

^[1]

7,895

^[1]

1,539

^[1]

2,748

^[1]

2,150

^[1]

6,683

^[1]

3,356

^[1]

Mortgage [Member] | 1-4 Non-owner Occupied [Member] | 650 to 699 [Member]

36,614

^[1]

Summary of Credit Scores by Loan Class [Abstract]

1,683

^[1]

852

^[1]

1,257

^[1]

580

^[1]

442

^[1]

5,840

^[1]

1,048

^[1]

Mortgage [Member] | 1-4 Non-owner Occupied [Member] | 600 to 649 [Member]

11,702

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

^[1]

141

^[1]

2,103

^[1]

^[1]

Mortgage [Member] | 1-4 Non-owner Occupied [Member] | 550 to 599 [Member]

2,334

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

248

^[1]

^[1]

1,409

^[1]

128

^[1]

Mortgage [Member] | 1-4 Non-owner Occupied [Member] | 500 to 549 [Member]

1,956

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

^[1]

^[1]

633

^[1]

^[1]

Mortgage [Member] | 1-4 Non-owner Occupied [Member] | Under 500 [Member]

633

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

^[1]

^[1]

304

^[1]

^[1]

Mortgage [Member] | 1-4 Non-owner Occupied [Member] | Unknown [Member]

304

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

Summary of Credit Scores by Loan Class [Abstract]

2,914

^[1]

5,402

^[1]

3,043

^[1]

2,863

^[1]

4,735

^[1]

8,929

^[1]

59,808

^[1]

87,694

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

209

^[1]

Mortgage [Member] | 1-4 Family - 2nd Lien [Member] | 800 and Above [Member]

297

^[1]

Summary of Credit Scores by Loan Class [Abstract]

305

^[1]

343

^[1]

198

^[1]

278

^[1]

264

^[1]

309

^[1]

9,253

^[1]

Mortgage [Member] | 1-4 Family - 2nd Lien [Member] | 750 to 799 [Member]

10,950

^[1]

Summary of Credit Scores by Loan Class [Abstract]

1,921

^[1]

3,401

^[1]

1,265

^[1]

1,460

^[1]

2,190

^[1]

2,530

^[1]

26,881

^[1]

Mortgage [Member] | 1-4 Family - 2nd Lien [Member] | 700 to 749 [Member]

39,648

^[1]

Summary of Credit Scores by Loan Class [Abstract]

674

^[1]

1,222

^[1]

685

^[1]

608

^[1]

1,290

^[1]

1,910

^[1]

15,353

^[1]

Mortgage [Member] | 1-4 Family - 2nd Lien [Member] | 650 to 699 [Member]

21,742

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

271

^[1]

453

^[1]

278

^[1]

742

^[1]

1,668

^[1]

6,219

^[1]

Mortgage [Member] | 1-4 Family - 2nd Lien [Member] | 600 to 649 [Member]

9,645

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

165

^[1]

^[1]

^[1]

101

^[1]

1,286

^[1]

1,118

^[1]

Mortgage [Member] | 1-4 Family - 2nd Lien [Member] | 550 to 599 [Member]

2,768

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

138

^[1]

^[1]

887

^[1]

587

^[1]

Mortgage [Member] | 1-4 Family - 2nd Lien [Member] | 500 to 549 [Member]

1,726

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

233

^[1]

^[1]

^[1]

335

^[1]

257

^[1]

Mortgage [Member] | 1-4 Family - 2nd Lien [Member] | Under 500 [Member]

879

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

128

^[1]

^[1]

^[1]

^[1]

140

^[1]

Mortgage [Member] | 1-4 Family - 2nd Lien [Member] | Unknown [Member]

336

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

Summary of Credit Scores by Loan Class [Abstract]

1,427

^[1]

1,438

^[1]

256

^[1]

1,094

^[1]

344

^[1]

45,412

^[1]

^[1]

49,971

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

141

^[1]

^[1]

Mortgage [Member] | Resort Lending [Member] | 800 and Above [Member]

152

^[1]

Summary of Credit Scores by Loan Class [Abstract]

101

^[1]

710

^[1]

189

^[1]

275

^[1]

^[1]

8,296

^[1]

^[1]

Mortgage [Member] | Resort Lending [Member] | 750 to 799 [Member]

9,571

^[1]

Summary of Credit Scores by Loan Class [Abstract]

572

^[1]

609

^[1]

^[1]

445

^[1]

277

^[1]

19,890

^[1]

^[1]

Mortgage [Member] | Resort Lending [Member] | 700 to 749 [Member]

21,860

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

119

^[1]

^[1]

374

^[1]

^[1]

9,517

^[1]

^[1]

Mortgage [Member] | Resort Lending [Member] | 650 to 699 [Member]

10,077

^[1]

Summary of Credit Scores by Loan Class [Abstract]

754

^[1]

^[1]

^[1]

^[1]

^[1]

5,400

^[1]

^[1]

Mortgage [Member] | Resort Lending [Member] | 600 to 649 [Member]

6,154

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

^[1]

^[1]

1,503

^[1]

^[1]

Mortgage [Member] | Resort Lending [Member] | 550 to 599 [Member]

1,503

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

^[1]

^[1]

518

^[1]

^[1]

Mortgage [Member] | Resort Lending [Member] | 500 to 549 [Member]

518

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

^[1]

^[1]

288

^[1]

^[1]

Mortgage [Member] | Resort Lending [Member] | Under 500 [Member]

288

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

Mortgage [Member] | Resort Lending [Member] | Unknown [Member]

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

Summary of Credit Scores by Loan Class [Abstract]

217,322

^[1]

108,895

^[1]

88,275

^[1]

62,521

^[1]

35,255

^[1]

47,916

^[1]

560,184

^[1]

453

^[1]

258

^[1]

240

^[1]

162

^[1]

^[1]

125

^[1]

Installment [Member] | 800 and Above [Member]

1,331

^[1]

Summary of Credit Scores by Loan Class [Abstract]

28,397

^[1]

11,507

^[1]

13,772

^[1]

11,607

^[1]

6,473

^[1]

9,546

^[1]

Installment [Member] | 750 to 799 [Member]

81,302

^[1]

Summary of Credit Scores by Loan Class [Abstract]

111,220

^[1]

61,663

^[1]

48,411

^[1]

34,113

^[1]

19,169

^[1]

23,008

^[1]

Installment [Member] | 700 to 749 [Member]

297,584

^[1]

Summary of Credit Scores by Loan Class [Abstract]

54,034

^[1]

27,266

^[1]

18,931

^[1]

12,078

^[1]

6,289

^[1]

8,901

^[1]

Installment [Member] | 650 to 699 [Member]

127,499

^[1]

Summary of Credit Scores by Loan Class [Abstract]

22,083

^[1]

7,461

^[1]

5,578

^[1]

3,041

^[1]

2,203

^[1]

4,301

^[1]

Installment [Member] | 600 to 649 [Member]

44,667

^[1]

Summary of Credit Scores by Loan Class [Abstract]

696

^[1]

761

^[1]

1,185

^[1]

974

^[1]

587

^[1]

1,210

^[1]

Installment [Member] | 550 to 599 [Member]

5,413

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

173

^[1]

258

^[1]

396

^[1]

220

^[1]

649

^[1]

Installment [Member] | 500 to 549 [Member]

1,697

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

291

^[1]

279

^[1]

263

^[1]

Installment [Member] | Under 500 [Member]

973

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

158

^[1]

Installment [Member] | Unknown [Member]

Summary of Credit Scores by Loan Class [Abstract]

891

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

891

^[1]

Summary of Credit Scores by Loan Class [Abstract]

72,854

^[1]

44,719

^[1]

40,083

^[1]

30,669

^[1]

19,021

^[1]

24,200

^[1]

231,546

^[1]

151

^[1]

108

^[1]

111

^[1]

^[1]

^[1]

^[1]

Installment [Member] | Boat Lending [Member] | 800 and Above [Member]

553

^[1]

Summary of Credit Scores by Loan Class [Abstract]

10,987

^[1]

5,319

^[1]

6,684

^[1]

5,542

^[1]

3,385

^[1]

4,879

^[1]

Installment [Member] | Boat Lending [Member] | 750 to 799 [Member]

36,796

^[1]

Summary of Credit Scores by Loan Class [Abstract]

43,158

^[1]

26,970

^[1]

22,603

^[1]

18,139

^[1]

10,682

^[1]

12,324

^[1]

Installment [Member] | Boat Lending [Member] | 700 to 749 [Member]

133,876

^[1]

Summary of Credit Scores by Loan Class [Abstract]

16,626

^[1]

10,219

^[1]

8,701

^[1]

5,272

^[1]

3,406

^[1]

4,362

^[1]

Installment [Member] | Boat Lending [Member] | 650 to 699 [Member]

48,586

^[1]

Summary of Credit Scores by Loan Class [Abstract]

2,025

^[1]

2,075

^[1]

1,705

^[1]

1,301

^[1]

1,064

^[1]

1,798

^[1]

Installment [Member] | Boat Lending [Member] | 600 to 649 [Member]

9,968

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

121

^[1]

311

^[1]

221

^[1]

196

^[1]

417

^[1]

Installment [Member] | Boat Lending [Member] | 550 to 599 [Member]

1,324

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

171

^[1]

^[1]

328

^[1]

Installment [Member] | Boat Lending [Member] | 500 to 549 [Member]

636

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

^[1]

206

^[1]

^[1]

Installment [Member] | Boat Lending [Member] | Under 500 [Member]

332

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

Installment [Member] | Boat Lending [Member] | Unknown [Member]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

Installment [Member] | Recreational Vehicle Lending [Member]

Summary of Credit Scores by Loan Class [Abstract]

102,031

^[1]

43,731

^[1]

33,695

^[1]

23,768

^[1]

11,186

^[1]

15,340

^[1]

229,751

^[1]

235

^[1]

106

^[1]

^[1]

^[1]

^[1]

^[1]

Installment [Member] | Recreational Vehicle Lending [Member] | 800 and Above [Member]

549

^[1]

Summary of Credit Scores by Loan Class [Abstract]

14,475

^[1]

4,532

^[1]

5,344

^[1]

4,957

^[1]

2,644

^[1]

3,786

^[1]

Installment [Member] | Recreational Vehicle Lending [Member] | 750 to 799 [Member]

35,738

^[1]

Summary of Credit Scores by Loan Class [Abstract]

56,744

^[1]

24,800

^[1]

19,363

^[1]

12,607

^[1]

6,152

^[1]

7,545

^[1]

Installment [Member] | Recreational Vehicle Lending [Member] | 700 to 749 [Member]

127,211

^[1]

Summary of Credit Scores by Loan Class [Abstract]

28,114

^[1]

10,949

^[1]

6,054

^[1]

4,543

^[1]

1,707

^[1]

2,481

^[1]

Installment [Member] | Recreational Vehicle Lending [Member] | 650 to 699 [Member]

53,848

^[1]

Summary of Credit Scores by Loan Class [Abstract]

2,659

^[1]

3,035

^[1]

2,304

^[1]

997

^[1]

437

^[1]

1,071

^[1]

Installment [Member] | Recreational Vehicle Lending [Member] | 600 to 649 [Member]

10,503

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

297

^[1]

455

^[1]

400

^[1]

160

^[1]

206

^[1]

Installment [Member] | Recreational Vehicle Lending [Member] | 550 to 599 [Member]

1,557

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

154

^[1]

106

^[1]

^[1]

162

^[1]

Installment [Member] | Recreational Vehicle Lending [Member] | 500 to 549 [Member]

572

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

158

^[1]

^[1]

^[1]

Installment [Member] | Recreational Vehicle Lending [Member] | Under 500 [Member]

282

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

Installment [Member] | Recreational Vehicle Lending [Member] | Unknown [Member]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

Summary of Credit Scores by Loan Class [Abstract]

42,437

^[1]

20,445

^[1]

14,497

^[1]

8,084

^[1]

5,048

^[1]

8,376

^[1]

98,887

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

Installment [Member] | Other [Member] | 800 and Above [Member]

229

^[1]

Summary of Credit Scores by Loan Class [Abstract]

2,935

^[1]

1,656

^[1]

1,744

^[1]

1,108

^[1]

444

^[1]

881

^[1]

Installment [Member] | Other [Member] | 750 to 799 [Member]

8,768

^[1]

Summary of Credit Scores by Loan Class [Abstract]

11,318

^[1]

9,893

^[1]

6,445

^[1]

3,367

^[1]

2,335

^[1]

3,139

^[1]

Installment [Member] | Other [Member] | 700 to 749 [Member]

36,497

^[1]

Summary of Credit Scores by Loan Class [Abstract]

9,294

^[1]

6,098

^[1]

4,176

^[1]

2,263

^[1]

1,176

^[1]

2,058

^[1]

Installment [Member] | Other [Member] | 650 to 699 [Member]

25,065

^[1]

Summary of Credit Scores by Loan Class [Abstract]

17,399

^[1]

2,351

^[1]

1,569

^[1]

743

^[1]

702

^[1]

1,432

^[1]

Installment [Member] | Other [Member] | 600 to 649 [Member]

24,196

^[1]

Summary of Credit Scores by Loan Class [Abstract]

599

^[1]

343

^[1]

419

^[1]

353

^[1]

231

^[1]

587

^[1]

Installment [Member] | Other [Member] | 550 to 599 [Member]

2,532

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

119

^[1]

^[1]

159

^[1]

Installment [Member] | Other [Member] | 500 to 549 [Member]

489

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

130

^[1]

^[1]

^[1]

Installment [Member] | Other [Member] | Under 500 [Member]

359

^[1]

Summary of Credit Scores by Loan Class [Abstract]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

Installment [Member] | Other [Member] | Unknown [Member]

Summary of Credit Scores by Loan Class [Abstract]

Loan ratings/credit scores by loan class [Abstract]

891

^[1]

^[1]

^[1]

^[1]

^[1]

^[1]

$ 891

^[1]

[1]	Credit scores have been updated within the last twelve months.

Loans, Credit Scores by Loan Class, Mortgage and Installment Segments (Details) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2021

Sep. 30, 2020

Mar. 31, 2020

Sep. 30, 2021

Sep. 30, 2020

Dec. 31, 2020

Other Real Estate and Foreclosed Assets [Abstract]

^[1]

$ 8,899

Foreclosed residential real estate properties

$ 200

700

Retail mortgage loans in process of foreclosure

200

300

Sale of Mortgage Loans [Abstract]

Proceeds from sale of loans

9,581

$ 2,395

Gain on sale of loans

$ 8,361

$ 20,205

$ 30,280

$ 46,687

Residential Fixed Rate Mortgage Loans [Member] | Freddie Mac [Member]

Sale of Mortgage Loans [Abstract]

Proceeds from sale of loans

$ 26,300

Gain on sale of loans

720

Loan ratings/credit scores by loan class [Abstract]

148,768

445,611

241,589

115,484

38,341

15,934

11,309

3,068

1,020,104

Mortgage [Member] | Residential Fixed Rate Mortgage Loans [Member]

^[1]

4,178

Sale of Mortgage Loans [Abstract]

Proceeds from sale of loans

2,400

Gain on sale of loans

$ 70

Mortgage [Member] | 1-4 Family Owner Occupied - Jumbo [Member]

Loan ratings/credit scores by loan class [Abstract]

61,077

223,177

101,086

40,296

11,146

3,396

440,178

Mortgage [Member] | 1-4 Family Owner Occupied - Non-jumbo [Member]

1,301

Loan ratings/credit scores by loan class [Abstract]

40,187

70,642

75,489

44,344

18,519

11,021

5,129

2,242

267,573

Mortgage [Member] | 1-4 Non-owner Occupied [Member]

1,641

Loan ratings/credit scores by loan class [Abstract]

25,468

82,124

30,326

13,182

4,303

2,388

1,580

405

159,776

587

Loan ratings/credit scores by loan class [Abstract]

12,490

42,138

22,962

11,269

2,703

1,608

1,012

348

94,530

373

Loan ratings/credit scores by loan class [Abstract]

9,546

27,530

11,726

6,393

1,670

917

192

58,047

276

Loan ratings/credit scores by loan class [Abstract]

70,608

257,091

96,961

40,121

7,118

2,511

1,392

210

510

476,522

^[1]

1,185

Loan ratings/credit scores by loan class [Abstract]

32,231

123,689

38,223

10,189

2,083

661

342

207,513

Installment [Member] | Recreational Vehicle Lending [Member]

572

Loan ratings/credit scores by loan class [Abstract]

29,223

95,890

33,476

8,794

1,305

551

283

169,574

457

Loan ratings/credit scores by loan class [Abstract]

9,154

37,512

25,262

21,138

3,730

1,299

767

510

99,435

Earnings Per Share Reconciliation [Abstract]

$ 156

[1]	Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.

Shareholders' Equity and Earnings Per Common Share, Shareholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2020	Dec. 18, 2020
Share Repurchase Plan [Abstract]
Stock repurchased (in shares)	315,345	659,350	678,929
Stock repurchased	$ 6,488	$ 13,773	$ 13,784
Common Stock [Member]
Share Repurchase Plan [Abstract]
Number of shares authorized for repurchase (in shares)				1,100,000
Stock repurchased (in shares)		659,350	678,929
Stock repurchased	$ 6,488	$ 13,773	$ 13,784

Shareholders' Equity and Earnings Per Common Share, Earnings Per Share Reconciliation (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2021

Sep. 30, 2020

Sep. 30, 2021

Sep. 30, 2020

Net income

$ 15,962

$ 19,584

$ 50,387

$ 39,166

Weighted average shares outstanding (in shares)

^[1]

21,516,000

21,881,000

21,696,000

22,014,000

Stock units for deferred compensation plan for non-employee directors (in shares)

118,000

117,000

119,000

Effect of stock options (in shares)

60,000

85,000

71,000

90,000

Performance share units (in shares)

32,000

33,000

Weighted average shares outstanding for calculation of diluted earnings per share (in shares)

21,726,000

22,115,000

21,918,000

22,256,000

Net income per common share [Abstract]

Basic (in dollars per share)

^[1]

$ 0.74

$ 0.90

$ 2.32

$ 1.78

Diluted (in dollars per share)

$ 0.73

$ 0.89

$ 2.30

$ 1.76

Stock Options [Member]

Antidilutive Securities [Abstract]

Antidilutive shares excluded from computation of diluted loss per share (in shares)

[1]	Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.

Derivative Financial Instruments, Type of Hedge and Fair Value of Derivative Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended	12 Months Ended
	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2021	Dec. 31, 2020
Fair value of derivative instruments, balance sheet location [Abstract]
Asset Derivatives			$ 13,559	$ 16,782
Liability Derivatives			6,583	11,754
Interest-Rate Cap Agreements [Member]
Derivative financial instrument according to type of hedge [Abstract]
Unrealized loss on derivative instrument to be reclassified into earnings	$ (500)	$ (2,000)
Fair Value Hedge Designation [Member]
Derivative financial instrument according to type of hedge [Abstract]
Notional Amount			$ 155,734	$ 49,038
Average Maturity			6 years 2 months 12 days	7 years 3 months 18 days
Fair Value			$ 2,818	$ (761)
No Hedge Designation [Member]
Derivative financial instrument according to type of hedge [Abstract]
Notional Amount			$ 808,349	$ 815,576
Average Maturity			2 years 2 months 12 days	2 years
Fair Value			$ 4,158	$ 5,789
Fair value of derivative instruments, balance sheet location [Abstract]
Asset Derivatives			10,288	16,767
Liability Derivatives			6,130	10,978
No Hedge Designation [Member] \| Rate-Lock Mortgage Loan Commitments [Member]
Derivative financial instrument according to type of hedge [Abstract]
Notional Amount			$ 184,611	$ 168,816
Average Maturity			1 month 6 days	1 month 6 days
Fair Value			$ 3,535	$ 7,020
No Hedge Designation [Member] \| Mandatory Commitments to Sell Mortgage Loans [Member]
Derivative financial instrument according to type of hedge [Abstract]
Notional Amount			$ 158,546	$ 186,092
Average Maturity			1 month 6 days	1 month 6 days
Fair Value			$ 448	$ (941)
No Hedge Designation [Member] \| Interest Rate Swaption Agreement [Member]
Derivative financial instrument according to type of hedge [Abstract]
Notional Amount			$ 10,000
Average Maturity			6 months
Fair Value			$ 164
No Hedge Designation [Member] \| Interest-Rate Cap Agreements [Member]
Derivative financial instrument according to type of hedge [Abstract]
Notional Amount			$ 120,000	$ 135,000
Average Maturity			1 year 2 months 12 days	1 year 9 months 18 days
Fair Value			$ 11	$ 5
No Hedge Designation [Member] \| Purchased Options [Member]
Derivative financial instrument according to type of hedge [Abstract]
Notional Amount			$ 393	$ 2,908
Average Maturity			2 months 12 days	6 months
Fair Value			$ 1	$ 42
No Hedge Designation [Member] \| Written Options [Member]
Derivative financial instrument according to type of hedge [Abstract]
Notional Amount			$ 393	$ 2,848
Average Maturity			2 months 12 days	6 months
Fair Value			$ (1)	$ (42)
Fixed Income Interest Rate [Member] \| Fair Value Hedge Designation [Member] \| Interest Rate Swap [Member]
Derivative financial instrument according to type of hedge [Abstract]
Notional Amount			$ 6,839	$ 7,088
Average Maturity			7 years 7 months 6 days	8 years 4 months 24 days
Fair Value			$ (453)	$ (776)
Fixed Income Interest Rate [Member] \| Fair Value Hedge Designation [Member] \| Interest Rate Swap [Member]
Derivative financial instrument according to type of hedge [Abstract]
Notional Amount			$ 148,895	$ 41,950
Average Maturity			6 years 1 month 6 days	7 years 1 month 6 days
Fair Value			$ 3,271	$ 15
Fixed Income Interest Rate [Member] \| No Hedge Designation [Member] \| Interest Rate Swap [Member]
Derivative financial instrument according to type of hedge [Abstract]
Notional Amount			$ 167,203	$ 147,456
Average Maturity			4 years 8 months 12 days	4 years 6 months
Fair Value			$ (5,965)	$ (9,700)
Fixed Income Interest Rate [Member] \| No Hedge Designation [Member] \| Interest Rate Swap [Member]
Derivative financial instrument according to type of hedge [Abstract]
Notional Amount				$ 25,000
Average Maturity				7 months 6 days
Fair Value				$ (295)
Variable Income Interest Rate [Member] \| No Hedge Designation [Member] \| Interest Rate Swap [Member]
Derivative financial instrument according to type of hedge [Abstract]
Notional Amount			$ 167,203	$ 147,456
Average Maturity			4 years 8 months 12 days	4 years 6 months
Fair Value			$ 5,965	$ 9,700
Other Assets [Member] \| No Hedge Designation [Member] \| Rate-Lock Mortgage Loan Commitments [Member]
Fair value of derivative instruments, balance sheet location [Abstract]
Asset Derivatives			3,535	7,020
Other Assets [Member] \| No Hedge Designation [Member] \| Mandatory Commitments to Sell Mortgage Loans [Member]
Fair value of derivative instruments, balance sheet location [Abstract]
Asset Derivatives			448	0
Other Assets [Member] \| No Hedge Designation [Member] \| Interest Rate Swaption Agreement [Member]
Fair value of derivative instruments, balance sheet location [Abstract]
Asset Derivatives			164	0
Other Assets [Member] \| No Hedge Designation [Member] \| Interest-Rate Cap Agreements [Member]
Fair value of derivative instruments, balance sheet location [Abstract]
Asset Derivatives			11	5
Other Assets [Member] \| No Hedge Designation [Member] \| Purchased Options [Member]
Fair value of derivative instruments, balance sheet location [Abstract]
Asset Derivatives			1	42
Other Assets [Member] \| No Hedge Designation [Member] \| Written Options [Member]
Fair value of derivative instruments, balance sheet location [Abstract]
Asset Derivatives			0	0
Other Assets [Member] \| Fixed Income Interest Rate [Member] \| Designated as Hedging Instrument [Member] \| Interest Rate Swap [Member]
Fair value of derivative instruments, balance sheet location [Abstract]
Asset Derivatives			3,271	15
Other Assets [Member] \| Fixed Income Interest Rate [Member] \| No Hedge Designation [Member] \| Interest Rate Swap [Member]
Fair value of derivative instruments, balance sheet location [Abstract]
Asset Derivatives			82	0
Other Assets [Member] \| Fixed Income Interest Rate [Member] \| No Hedge Designation [Member] \| Interest Rate Swap [Member]
Fair value of derivative instruments, balance sheet location [Abstract]
Asset Derivatives			0	0
Other Assets [Member] \| Variable Income Interest Rate [Member] \| No Hedge Designation [Member] \| Interest Rate Swap [Member]
Fair value of derivative instruments, balance sheet location [Abstract]
Asset Derivatives			6,047	9,700
Other Liabilities [Member] \| Designated as Hedging Instrument [Member] \| Interest Rate Swap [Member]
Fair value of derivative instruments, balance sheet location [Abstract]
Liability Derivatives				776
Other Liabilities [Member] \| No Hedge Designation [Member] \| Rate-Lock Mortgage Loan Commitments [Member]
Fair value of derivative instruments, balance sheet location [Abstract]
Liability Derivatives			0	0
Other Liabilities [Member] \| No Hedge Designation [Member] \| Mandatory Commitments to Sell Mortgage Loans [Member]
Fair value of derivative instruments, balance sheet location [Abstract]
Liability Derivatives			0	941
Other Liabilities [Member] \| No Hedge Designation [Member] \| Interest Rate Swaption Agreement [Member]
Fair value of derivative instruments, balance sheet location [Abstract]
Liability Derivatives			0	0
Other Liabilities [Member] \| No Hedge Designation [Member] \| Interest-Rate Cap Agreements [Member]
Fair value of derivative instruments, balance sheet location [Abstract]
Liability Derivatives			0	0
Other Liabilities [Member] \| No Hedge Designation [Member] \| Purchased Options [Member]
Fair value of derivative instruments, balance sheet location [Abstract]
Liability Derivatives			0	0
Other Liabilities [Member] \| No Hedge Designation [Member] \| Written Options [Member]
Fair value of derivative instruments, balance sheet location [Abstract]
Liability Derivatives			1	42
Other Liabilities [Member] \| Fixed Income Interest Rate [Member] \| Designated as Hedging Instrument [Member] \| Interest Rate Swap [Member]
Fair value of derivative instruments, balance sheet location [Abstract]
Liability Derivatives			453
Other Liabilities [Member] \| Fixed Income Interest Rate [Member] \| No Hedge Designation [Member] \| Interest Rate Swap [Member]
Fair value of derivative instruments, balance sheet location [Abstract]
Liability Derivatives			6,047	9,700
Other Liabilities [Member] \| Fixed Income Interest Rate [Member] \| No Hedge Designation [Member] \| Interest Rate Swap [Member]
Fair value of derivative instruments, balance sheet location [Abstract]
Liability Derivatives			0	295
Other Liabilities [Member] \| Variable Income Interest Rate [Member] \| No Hedge Designation [Member] \| Interest Rate Swap [Member]
Fair value of derivative instruments, balance sheet location [Abstract]
Liability Derivatives			$ 82	$ 0

Derivative Financial Instruments, Effect on Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Other Comprehensive Income (Loss) (Effective Portion)	$ 0	$ (26)	$ 0	$ (354)
Fair Value Hedge Designation [Member]
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	680	6	3,579	(618)
Fair Value Hedge Designation [Member] \| Interest Rate Swap [Member] \| Interest and Fees on Loans [Member]
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	63	6	323	(618)
Fair Value Hedge Designation [Member] \| Interest Rate Swap [Member] \| Interest on Securities Available for Sale - Tax-exempt [Member]
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	617	0	3,256	0
Cash Flow Hedge Designation [Member]
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Other Comprehensive Income (Loss) (Effective Portion)	0	(26)	0	(354)
Loss Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)	0	(310)	0	(646)
Cash Flow Hedge Designation [Member] \| Interest-Rate Cap Agreements [Member]
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Other Comprehensive Income (Loss) (Effective Portion)	0	0	0	126
Cash Flow Hedge Designation [Member] \| Interest-Rate Cap Agreements [Member] \| Interest Expense [Member]
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Loss Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)	0	(180)	0	(413)
Cash Flow Hedge Designation [Member] \| Fixed Income Interest Rate [Member] \| Interest Rate Swap [Member]
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Other Comprehensive Income (Loss) (Effective Portion)	0	(26)	0	(480)
Cash Flow Hedge Designation [Member] \| Fixed Income Interest Rate [Member] \| Interest Rate Swap [Member] \| Interest Expense [Member]
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Loss Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)	0	(130)	0	(233)
No Hedge Designation [Member]
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	(188)	1,251	(1,820)	6,573
No Hedge Designation [Member] \| Rate-Lock Mortgage Loan Commitments [Member] \| Net Gains on Mortgage Loans [Member]
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	(821)	1,096	(3,485)	6,944
No Hedge Designation [Member] \| Mandatory Commitments to Sell Mortgage Loans [Member] \| Net Gains on Mortgage Loans [Member]
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	579	52	1,389	(430)
No Hedge Designation [Member] \| Interest-Rate Cap Agreements [Member] \| Interest Expense [Member]
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	(5)	(14)	6	(56)
No Hedge Designation [Member] \| Interest Rate Swaption Agreement [Member] \| Net Gains on Mortgage Loans [Member]
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	2	0	(25)	0
No Hedge Designation [Member] \| Purchased Options [Member] \| Interest Expense [Member]
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	(70)	(10)	(41)	(111)
No Hedge Designation [Member] \| Written Options [Member] \| Interest Expense [Member]
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	70	10	41	109
No Hedge Designation [Member] \| Fixed Income Interest Rate [Member] \| Interest Rate Swap [Member] \| Interest Income [Member]
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	908	688	3,735	(7,170)
No Hedge Designation [Member] \| Fixed Income Interest Rate [Member] \| Interest Rate Swap [Member] \| Interest Expense [Member]
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	57	117	295	117
No Hedge Designation [Member] \| Variable Income Interest Rate [Member] \| Interest Rate Swap [Member] \| Interest Income [Member]
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	$ (908)	$ (688)	$ (3,735)	$ 7,170

Goodwill and Other Intangibles (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Amortized intangible assets - core deposits [Abstract]
Gross Carrying Amount	$ 11,916	$ 11,916
Accumulated Amortization	8,337	7,610
Unamortized intangible assets - goodwill [Abstract]
Gross Carrying Amount	28,300	$ 28,300
Summary of estimated core deposits intangible amortization [Abstract]
Three months ending December 31, 2021	243
2022	785
2023	547
2024	516
2025	487
2026 and thereafter	1,001
Total	$ 3,579

Share Based Compensation, Share Based Payment Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Share Based Compensation [Abstract]
Number of additional shares approved for grant (in shares)			700,000
Shares issued on deferral basis credited percentage of current value	90.00%		90.00%
Total compensation cost not yet recognized	$ 2,500		$ 2,500
Total compensation cost not yet recognized, period for recognition			2 years
Long-Term Incentive Plan [Member]
Share Based Compensation [Abstract]
Total compensation expense recognized	400	$ 400	$ 1,200	$ 1,200
Tax benefit relating to compensation expense recognized	$ 100	$ 100	$ 200	$ 300
Restricted Stock [Member] \| Long-Term Incentive Plan [Member]
Share Based Compensation [Abstract]
Restricted stock and Performance stock units granted (in shares)	0	3,000	85,584	55,996
Restricted Stock [Member] \| Long-Term Incentive Plan [Member] \| Cliff Vest After Three Years [Member]
Share Based Compensation [Abstract]
Vesting period			3 years	3 years
Performance Stock Units [Member] \| Long-Term Incentive Plan [Member]
Share Based Compensation [Abstract]
Restricted stock and Performance stock units granted (in shares)	0	0	23,981	20,897
Performance Stock Units [Member] \| Long-Term Incentive Plan [Member] \| Cliff Vest After Three Years [Member]
Share Based Compensation [Abstract]
Vesting period			3 years	3 years
Performance feature comparison period			3 years
Non-Employee Directors [Member]
Share Based Compensation [Abstract]
Number of additional shares approved for grant (in shares)			100,000
Total compensation expense recognized	$ 90	$ 90	$ 280	$ 260
Tax benefit relating to compensation expense recognized	$ 20	$ 20	$ 60	$ 50
Directors [Member]
Share Based Compensation [Abstract]
Shares issues as retainer fees (in shares)			14,000.000	16,000.000

Share Based Compensation, Outstanding Stock Option Grants and Related Transactions (Details) - Stock Options [Member] $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2021 USD ($) $ / shares shares
Number of Shares [Roll Forward]
Outstanding, beginning balance (in shares)	121,189
Granted (in shares)	0
Exercised (in shares)	(38,650)
Forfeited (in shares)	0
Expired (in shares)	0
Outstanding, ending balance (in shares)	82,539
Vested and expected to vest, period end (in shares)	82,539
Exercisable, period end (in shares)	82,539
Average Exercise Price [Roll Forward]
Outstanding, beginning balance (in dollars per share) \| $ / shares	$ 4.81
Exercised (in dollars per share) \| $ / shares	2.81
Outstanding, ending balance (in dollars per share) \| $ / shares	5.74
Vested and expected to vest, period end (in dollars per share) \| $ / shares	5.74
Exercisable, period end (in dollars per share) \| $ / shares	$ 5.74
Weighted-Average Remaining Contractual Term (Years) [Abstract]
Outstanding, weighted average remaining contractual term	1 year 9 months 18 days
Vested and expected to vest, weighted-average remaining contractual term	1 year 9 months 18 days
Exercisable, weighted average remaining contractual term	1 year 9 months 18 days
Aggregate Intrinsic Value [Abstract]
Outstanding, aggregate intrinsic value \| $	$ 1,299
Vested and expected to vest, aggregate intrinsic value \| $	1,299
Exercisable, aggregate intrinsic value \| $	$ 1,299

Share Based Compensation, Outstanding Non-vested Restricted Stock and PSUs and Related Transactions (Details) - Non-vested Restricted Stock and PSU's [Member]	9 Months Ended
	Sep. 30, 2021 $ / shares shares
Number of Shares [Roll Forward]
Outstanding, beginning balance (in shares) \| shares	207,117
Granted (in shares) \| shares	109,565
Vested (in shares) \| shares	(73,081)
Forfeited (in shares) \| shares	(13,907)
Outstanding, ending balance (in shares) \| shares	229,694
Weighted Average Grant Date Fair Value [Roll Forward]
Outstanding, beginning balance (in dollars per share) \| $ / shares	$ 22.70
Granted (in dollars per share) \| $ / shares	20.45
Vested (in dollars per share) \| $ / shares	22.82
Forfeited (in dollars per share) \| $ / shares	21.93
Outstanding, ending balance (in dollars per share) \| $ / shares	$ 21.64

Share Based Compensation, Options Exercised During the Periods (Details) - Stock Options [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Information regarding options exercised [Abstract]
Intrinsic value	$ 19	$ 11	$ 720	$ 224
Cash proceeds received	5	4	109	46
Tax benefit realized	$ 4	$ 2	$ 151	$ 47

Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Income Tax (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Income Tax [Abstract]
Income tax expense	$ 3,683	$ 4,777	$ 11,454	$ 9,245
(Decrease) increase in income tax expense	(3)	$ 6	(168)	$ (191)
Gross unrecognized tax benefits	$ 200		$ 200		$ 200

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

Tier 1 capital to average assets [Abstract]

Regulatory Matters (Details)
$ in Thousands

9 Months Ended

Sep. 30, 2021

USD ($)

Jun. 30, 2021

USD ($)

Dec. 31, 2020

USD ($)

Sep. 30, 2020

USD ($)

Jun. 30, 2020

USD ($)

Dec. 31, 2019

USD ($)

Regulatory Matters [Abstract]

Undivided profits

$ 95,100

Capital conservation buffer

0.0250

Components of regulatory capital [Abstract]

Accumulated other comprehensive income for regulatory purposes

$ 400,031

$ 395,974

$ 389,522

$ 373,092

$ 355,123

$ 350,169

Add (deduct) [Abstract]

7,098

10,024

Period of transition method for regulatory purposes

$ 39,338

39,281

3 years

Consolidated [Member]

Total capital to risk-weighted assets [Abstract]

^[1]

$ 481,639

$ 455,072

Minimum for Adequately Capitalized Institutions, Amount

^[1]

0.1494

0.1595

^[1]

$ 257,926

$ 228,214

Minimum for Adequately Capitalized Institutions, Ratio

^[1]

0.0800

Tier 1 capital to risk-weighted assets [Abstract]

^[1]

$ 401,335

$ 379,395

Minimum for Adequately Capitalized Institutions, Amount

^[1]

0.1245

0.1330

^[1]

$ 193,445

$ 171,161

Minimum for Adequately Capitalized Institutions, Ratio

^[1]

0.0600

Common equity tier 1 capital to risk-weighted assets [Abstract]

^[1]

$ 362,984

$ 341,095

Minimum for Adequately Capitalized Institutions, Amount

^[1]

0.1126

0.1196

^[1]

$ 145,084

$ 128,370

Minimum for Adequately Capitalized Institutions, Ratio

^[1]

0.0450

Tier 1 capital to average assets [Abstract]

^[1]

$ 401,335

$ 379,395

Minimum for Adequately Capitalized Institutions, Amount

^[1]

0.0898

0.0915

^[1]

$ 178,771

$ 165,825

Minimum for Adequately Capitalized Institutions, Ratio

^[1]

0.0400

Components of regulatory capital [Abstract]

Accumulated other comprehensive income for regulatory purposes

$ 400,031

$ 389,522

Add (deduct) [Abstract]

(12,895)

(15,821)

Goodwill and other intangibles

(31,879)

(32,606)

CECL

^[2]

7,727

Common equity tier 1 capital

^[1]

362,984

341,095

Qualifying trust preferred securities

38,351

38,300

^[1]

401,335

379,395

Allowance for credit losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets

40,000

^[3]

40,304

35,677

Independent Bank [Member]

^[1]

481,639

455,072

Total capital to risk-weighted assets [Abstract]

^[1]

$ 431,416

$ 401,005

Minimum for Adequately Capitalized Institutions, Amount

^[1]

0.1339

0.1406

^[1]

$ 257,701

$ 228,111

Minimum for Adequately Capitalized Institutions, Ratio

^[1]

0.0800

^[1]

$ 322,127

$ 285,139

Tier 1 capital to risk-weighted assets [Abstract]

^[1]

0.1000

^[1]

$ 391,147

$ 365,343

Minimum for Adequately Capitalized Institutions, Amount

^[1]

0.1214

0.1281

^[1]

$ 193,276

$ 171,083

Minimum for Adequately Capitalized Institutions, Ratio

^[1]

0.0600

^[1]

$ 257,701

$ 228,111

Common equity tier 1 capital to risk-weighted assets [Abstract]

^[1]

0.0800

^[1]

$ 391,147

$ 365,343

Minimum for Adequately Capitalized Institutions, Amount

^[1]

0.1214

0.1281

^[1]

$ 144,957

$ 128,312

Minimum for Adequately Capitalized Institutions, Ratio

^[1]

0.0450

^[1]

$ 209,382

$ 185,340

Tier 1 capital to average assets [Abstract]

^[1]

0.0650

^[1]

$ 391,147

$ 365,343

Minimum for Adequately Capitalized Institutions, Amount

^[1]

0.0875

0.0881

^[1]

$ 178,895

$ 165,828

Minimum for Adequately Capitalized Institutions, Ratio

^[1]

0.0400

^[1]

$ 223,618

$ 207,285

Components of regulatory capital [Abstract]

^[1]

0.0500

Accumulated other comprehensive income for regulatory purposes

$ 428,194

$ 413,770

Add (deduct) [Abstract]

(12,895)

(15,821)

Goodwill and other intangibles

(31,879)

(32,606)

CECL

^[2]

7,727

Common equity tier 1 capital

^[1]

391,147

365,343

Qualifying trust preferred securities

^[1]

391,147

365,343

Allowance for credit losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets

^[3]

40,269

35,662

^[1]

$ 431,416

$ 401,005

[1]	These ratios do not reflect a capital conservation buffer of 2.50% at September 30, 2021 and December 31, 2020.
[2]	We elected the three year CECL transition method for regulatory purposes.
[3]	Beginning January 1, 2021, calculation of allowances are based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.

Fair Value Disclosures, Changes in Fair Value for Financial Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Changes in fair value for financial assets [Abstract]
Loans held for sale			$ (2,299)	$ 2,081
Capitalized mortgage loan servicing rights, net gains (losses)			(1,333)	(14,028)
Impairment charges recognized [Abstract]
Collateral dependent loans, carrying amount	$ 1,700		1,700		$ 9,100
Collateral dependent loans, valuation allowance	900		900		1,800
Additional provision for credit losses on collateral dependent loans	200	$ 200	200	1,100
Other real estate, carrying amount	0		0		100
Other real estate, valuation allowance	30		30		$ 90
Other real estate, additional charge	$ 0	$ 0	0	90
Mortgage Loans [Member]
Changes in fair value for financial assets [Abstract]
Loans held for sale			(2,299)	2,081
Mortgage Loan Servicing, Net [Member]
Changes in fair value for financial assets [Abstract]
Capitalized mortgage loan servicing rights, net gains (losses)			$ (1,333)	$ (14,028)

Fair Value Disclosures, Reconciliation for all Assets Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3) (Details) - Capitalized Mortgage Loan Servicing Rights [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Reconciliation for all assets and (liabilities) measured at fair value on a recurring basis using significant unobservable inputs (Level 3) [Roll Forward]
Beginning balance	$ 22,431	$ 13,773	$ 16,904	$ 19,171
Total losses realized and unrealized [Abstract]
Included in results of operations	(752)	(2,387)	(1,333)	(14,028)
Included in other comprehensive income (loss)	0	0	0	0
Purchases, issuances, settlements, maturities and calls	2,529	4,017	8,637	10,260
Transfers in and/or out of Level 3	0	0	0	0
Ending balance	24,208	15,403	24,208	15,403
Amount of total losses for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at September 30	$ (752)	$ (2,387)	$ (1,333)	$ (14,028)

Fair Value Disclosures, Difference Between Aggregate Fair Value and Aggregate Remaining Contractual Principal (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Loans held for sale [Abstract]
Aggregate Fair Value	$ 78,731	$ 92,434
Difference	1,557	3,856
Contractual Principal	$ 77,174	$ 88,578

Fair Values of Financial Instruments (Details) - USD ($)
$ in Thousands

Sep. 30, 2021

Dec. 31, 2020

Federal Home Loan Bank and Federal Reserve Bank Stock

$ 1,348,378

$ 1,072,159

18,427

30,007

30,012

39,338

39,281

Reciprocal deposits included in deposits with no stated maturity

39,575

39,524

560,915

518,400

Reciprocal deposits included in deposits with stated maturity

35,278

37,785

Recorded Book Balance [Member]

49,946

56,006

75,675

62,699

Federal Home Loan Bank and Federal Reserve Bank Stock

1,348,378

1,072,159

18,427

2,915,910

2,790,683

12,721

12,315

13,559

16,782

^[1]

3,661,774

3,198,338

^[1]

350,294

439,017

30,007

30,012

39,338

39,281

39,575

39,524

1,112

601

6,583

11,754

Fair Value [Member]

49,946

56,006

75,675

62,699

1,348,378

1,072,159

2,949,021

2,794,058

12,721

12,315

13,559

16,782

3,661,774

3,198,338

351,269

441,457

30,333

30,844

45,742

41,417

29,474

30,265

1,112

601

Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]

6,583

11,754

49,946

56,006

75,675

62,699

3,661,774

3,198,338

Significant Other Observable Inputs (Level 2) [Member]

1,348,378

1,072,159

78,731

92,434

5,691

3,414

13,559

16,782

351,269

441,457

30,333

30,844

45,742

41,417

29,474

30,265

1,045

542

Significant Unobservable Inputs (Level 3) [Member]

6,583

11,754

2,870,290

2,701,624

7,028

8,898

$ 0

[1]

Contingencies (Details) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
Contingencies (Details) $ / shares in Units, $ in Thousands	Sep. 30, 2021 USD ($) $ / shares shares	Sep. 30, 2020 USD ($)	Sep. 30, 2021 USD ($) $ / shares shares	Sep. 30, 2020 USD ($)	Dec. 31, 2020 USD ($)
COVID-19 [Abstract]
Loans and leases receivable	$ 411,000		$ 411,000
% of Total Loans	14.30%		14.30%
Loss Reimbursement Obligations [Abstract]
Loss reimbursement on sold loans	$ 40	$ 50	$ 100	$ 160
Loss reimbursement reserve on sold mortgage loans	$ 1,120		$ 1,120		$ 1,020
VISA Class A Common Stock [Member]
Visa Stock [Abstract]
Current conversion ratio			1.6228
Closing price (in dollars per share) \| $ / shares	$ 222.75		$ 222.75
VISA Class B Common Stock [Member]
Visa Stock [Abstract]
Number of shares owned (in shares) \| shares	12,566		12,566
Current value of shares owned	$ 4,500		$ 4,500
Commercial and Industrial [Member]
COVID-19 [Abstract]
Loans and leases receivable	$ 162,000		$ 162,000
% of Total Loans	5.60%		5.60%
Commercial and Industrial [Member] \| Retail [Member]
COVID-19 [Abstract]
Loans and leases receivable	$ 68,000		$ 68,000
% of Total Loans	2.40%		2.40%
Commercial and Industrial [Member] \| Food Service [Member]
COVID-19 [Abstract]
Loans and leases receivable	$ 56,000		$ 56,000
% of Total Loans	1.90%		1.90%
Commercial and Industrial [Member] \| Hotel [Member]
COVID-19 [Abstract]
Loans and leases receivable	$ 38,000		$ 38,000
% of Total Loans	1.30%		1.30%
Commercial Real Estate [Member]
COVID-19 [Abstract]
Loans and leases receivable	$ 249,000		$ 249,000
% of Total Loans	8.60%		8.60%
Commercial Real Estate [Member] \| Retail [Member]
COVID-19 [Abstract]
Loans and leases receivable	$ 108,000		$ 108,000
% of Total Loans	3.70%		3.70%
Commercial Real Estate [Member] \| Office [Member]
COVID-19 [Abstract]
Loans and leases receivable	$ 74,000		$ 74,000
% of Total Loans	2.60%		2.60%
Commercial Real Estate [Member] \| Multifamily [Member]
COVID-19 [Abstract]
Loans and leases receivable	$ 67,000		$ 67,000
% of Total Loans	2.30%		2.30%

Accumulated Other Comprehensive Income (Loss) ("AOCIL"), Summary of Changes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Changes in AOCIL [Roll Forward]
Balance at beginning of period	$ 395,974	$ 355,123	$ 389,522	$ 350,169
Other comprehensive income (loss) before reclassifications	(1,322)	2,105	(4,049)	9,622
Amounts reclassified from AOCIL	4	245	1,123	310
Other comprehensive income (loss)	(1,318)	2,350	(2,926)	9,932
Balances at end of period	400,031	373,092	400,031	373,092
Accumulated Other Comprehensive Income (Loss) [Member]
Changes in AOCIL [Roll Forward]
Balance at beginning of period	8,416	3,796	10,024	(3,786)
Other comprehensive income (loss)	(1,318)	2,350	(2,926)	9,932
Balances at end of period	7,098	6,146	7,098	6,146
Unrealized Gains on Securities Available For Sale [Member]
Changes in AOCIL [Roll Forward]
Balance at beginning of period	14,214	11,315	15,822	3,739
Other comprehensive income (loss) before reclassifications	(1,322)	2,125	(4,049)	9,901
Amounts reclassified from AOCIL	4	0	1,123	(200)
Other comprehensive income (loss)	(1,318)	2,125	(2,926)	9,701
Balances at end of period	12,896	13,440	12,896	13,440
Disproportionate Tax Effects from Securities Available for Sale [Member]
Changes in AOCIL [Roll Forward]
Balance at beginning of period	(5,798)	(5,798)	(5,798)	(5,798)
Other comprehensive income (loss) before reclassifications	0	0	0	0
Amounts reclassified from AOCIL	0	0	0	0
Other comprehensive income (loss)	0	0	0	0
Balances at end of period	(5,798)	(5,798)	(5,798)	(5,798)
Unrealized Losses on Cash Flow Hedges [Member]
Changes in AOCIL [Roll Forward]
Balance at beginning of period	0	(1,721)	0	(1,727)
Other comprehensive income (loss) before reclassifications	0	(20)	0	(279)
Amounts reclassified from AOCIL	0	245	0	510
Other comprehensive income (loss)	0	225	0	231
Balances at end of period	$ 0	$ (1,496)	$ 0	$ (1,496)

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 852
-SubTopic 10
-Section 55
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=122038336&loc=d3e74512-122707

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
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