XML 20 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Changes in Shareholders' Equity - USD ($)
Preferred Stock [Member]
Common Stock [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Balances, at Dec. 31, 2012 $ 0 $ 166,074,000 $ (21,134,000) $ 1,650,000 $ 146,590,000
Balances, at Dec. 31, 2013 0 162,999,000 (4,101,000) (5,573,000) 153,325,000
Employee stock purchase plan   19,000     19,000
Dividend reinvestment plan   33,000     33,000
Stock option exercises   700,000     700,000
Stock tendered for stock option exercises (18,950 shares)   (411,000)     (411,000)
Stock-based compensation expense   473,000     473,000
Cash dividends   (3,889,000)     (3,889,000)
Net income     17,033,000   17,033,000
Change in net unrealized gain on securities available for sale, net of tax effect       (7,774,000) (7,774,000)
Change in fair value of interest rate swap, net of tax effect       551,000 551,000
Balances, at Dec. 31, 2014 0 317,904,000 10,218,000 16,000 328,138,000
Common stock issued in connection with Firstbank merger (8,087,272 shares)   173,310,000     173,310,000
Issuance of stock options to replace existing Firstbank options at merger date   1,664,000     1,664,000
Employee stock purchase plan   23,000     23,000
Dividend reinvestment plan   209,000     209,000
Stock option exercises   282,000     282,000
Stock grants to directors for retainer fees   155,000     155,000
Stock-based compensation expense   714,000     714,000
Cash dividends   (21,452,000) (3,012,000)   (24,464,000)
Net income     17,331,000   17,331,000
Change in net unrealized gain on securities available for sale, net of tax effect       5,582,000 5,582,000
Change in fair value of interest rate swap, net of tax effect       7,000 7,000
Balances, at Dec. 31, 2015 $ 0 304,819,000 27,722,000 1,263,000 333,804,000
Employee stock purchase plan   44,000     44,000
Dividend reinvestment plan   655,000     655,000
Stock option exercises   891,000     891,000
Stock grants to directors for retainer fees   403,000     403,000
Stock-based compensation expense   684,000     684,000
Share repurchase program (788,541 shares)   $ (15,762,000)     (15,762,000)
Cash dividends     (9,516,000)   (9,516,000)
Net income     $ 27,020,000   27,020,000
Change in net unrealized gain on securities available for sale, net of tax effect       1,247,000 1,247,000
Change in fair value of interest rate swap, net of tax effect       $ 0 $ 0