XML 49 R30.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Schedule of reconciliation of the numerators and denominators used in computing Basic and Diluted Earnings Per Common Share

The following is a reconciliation of the numerators and denominators used in computing Basic and Diluted Earnings Per Common Share:

		For the Years Ended December 31,
		2017												2016												2015
($ in thousands, except per share amounts)		Income (Numer- ator)				Shares (Denom- inator)				Per Share Amount				Income (Numer- ator)				Shares (Denom- inator)				Per Share Amount				Income (Numer- ator)				Shares (Denom- inator)				Per Share Amount

Basic EPS
Net income available to common shareholders		$	45,972				25,210,606			$	1.82			$	27,334				19,964,727			$	1.37			$	26,431				19,767,470			$	1.34

Effect of dilutive securities			—				80,776								175				768,190								233				732,257

Diluted EPS per common share		$	45,972				25,291,382			$	1.82			$	27,509				20,732,917			$	1.33			$	26,664				20,499,727			$	1.30

Schedule of accumulated other comprehensive income (loss)

The components of accumulated other comprehensive income (loss) for the Company are as follows:

($ in thousands)		December 31, 2017				December 31, 2016				December 31, 2015
Unrealized gain (loss) on securities available for sale		$	(2,211	)			(3,085	)			(1,163	)
Deferred tax asset (liability)			517				1,138				454
Net unrealized gain (loss) on securities available for sale			(1,694	)			(1,947	)			(709	)

Additional pension asset (liability)			(3,200	)			(5,012	)			(4,657	)
Deferred tax asset (liability)			748				1,852				1,816
Net additional pension asset (liability)			(2,452	)			(3,160	)			(2,841	)

Total accumulated other comprehensive income (loss)		$	(4,146	)			(5,107	)			(3,550	)

Schedule of changes in accumulated other comprehensive income (loss)

The following table discloses the changes in accumulated other comprehensive income (loss) for the year ended December 31, 2017 (all amounts are net of tax).

($ in thousands)		Unrealized Gain (Loss) on Securities Available for Sale				Additional Pension Asset (Liability)				Total
Beginning balance at January 1, 2017		$	(1,947	)			(3,160	)			(5,107	)
Other comprehensive income (loss) before reclassifications			405				1,008				1,413
Amounts reclassified from accumulated other comprehensive income			148				136				284
Net current-period other comprehensive income (loss)			553				1,144				1,697

Reclassification of accumulated other comprehensive income
to retained earnings due to statutory tax changes			(300	)			(436	)			(736	)
Ending balance at December 31, 2017		$	(1,694	)			(2,452	)			(4,146	)

The following table discloses the changes in accumulated other comprehensive income (loss) for the year ended December 31, 2016 (all amounts are net of tax).

($ in thousands)		Unrealized Gain (Loss) on Securities Available for Sale				Additional Pension Asset (Liability)				Total
Beginning balance at January 1, 2016		$	(709	)			(2,841	)			(3,550	)
Other comprehensive income (loss) before reclassifications			(1,236	)			(442	)			(1,678	)
Amounts reclassified from accumulated other comprehensive income			(2	)			123				121
Net current-period other comprehensive income (loss)			(1,238	)			(319	)			(1,557	)

Ending balance at December 31, 2016		$	(1,947	)			(3,160	)			(5,107	)