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Significant Accounting Policies (Policies)
3 Months Ended
Mar. 31, 2017
Accounting Policies [Abstract]  
Consolidation, Policy [Policy Text Block]
Principles of Consolidation
 
The Company’s accounting and reporting policies conform with U.S. generally accepted accounting principles (“GAAP”) and prevailing practices in the banking industry. The consolidated financial statements include all accounts of the Company and its wholly owned subsidiaries and eliminate all intercompany balances and transactions. The Company operates in
one
business segment, Community Banking, which consists of all operations, including commercial and consumer banking, lending activities, wealth management, and insurance services. Operating results for interim periods are not necessarily indicative of results that
may
be expected for other interim periods or for the full year. In management’s opinion, the accompanying unaudited interim condensed consolidated financial statements contain all necessary adjustments, including normal recurring accruals, and disclosures for a fair presentation.
 
The condensed consolidated balance sheet as of
December
31,
2016,
has been derived from the audited consolidated financial statements. These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form
10
-K/A for the year ended
December
31,
2016
(the
“2016
Form
10
-K”), as filed with the Securities and Exchange Commission (the “SEC”) on
March
7,
2017.
Reclassification, Policy [Policy Text Block]
Reclassifications
 
Certain amounts reported in prior years have been reclassified to conform to the current year’s presentation. These reclassifications had no effect on the Company’s results of operations, financial position, or cash flow.
Use of Estimates, Policy [Policy Text Block]
Use of Estimates
 
Preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that require the most subjective or complex judgments relate to fair value measurements, investment securities, the allowance for loan losses, the Federal Deposit Insurance Corporation (“FDIC”) indemnification asset, goodwill and other intangible assets, and income taxes. A discussion of the Company’s application of critical accounting estimates is included in “Critical Accounting Estimates” in Item
2
of this report.
Significant Accounting Policies [Policy Text Block]
Significant Accounting Policies
 
A complete and detailed description of the Company’s significant accounting policies is included in Note
1,
“Basis of Presentation and Significant Accounting Policies,” of the Notes to Consolidated Financial Statements in Part II, Item
8
of the Company’s
2016
Form
10
-K.
New Accounting Pronouncements, Policy [Policy Text Block]
Recent Accounting Standards
 
Standards Adopted
 
In
January
2017,
the FASB issued Accounting Standards Update (“ASU”)
2017
-
04,
“Intangibles -- Goodwill and Other (Topic
350):
Simplifying the Accounting for Goodwill Impairment.” This ASU removes the requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. ASU
2017
-
04
is effective for fiscal years beginning after
December
15,
2019,
with early adoption permitted. The update should be applied prospectively. The Company early adopted ASU
2017
-
04
in the
first
quarter of
2017.
The adoption of the standard did not have an effect on the Company’s financial statements.
 
In
January
2017,
the FASB issued ASU
2017
-
03,
“Accounting Changes and Error Corrections (Topic
250)
and Investments – Equity Method and Joint Ventures (Topic
323):
Amendments to SEC Paragraphs Pursuant to Staff Announcements at the
September
22,
2016
and
November
17,
2016
EITF Meetings.” This ASU requires registrants to disclose the effect that recently issued accounting standards will have on their financial statements when adopted in a future period. In cases where a registrant cannot reasonably estimate the impact of the adoption, additional qualitative disclosures should be considered to assist the reader in assessing the significance of the standard's impact on its financial statements. The Company adopted ASU
2017
-
03
in the
first
quarter of
2017.
The adoption of the standard resulted in enhanced disclosures regarding the impact that recently issued accounting standards adopted in a future period will have on the Company’s financial statements and disclosures. See “Standards Not Yet Adopted” below.
 
In
March
2016,
the FASB issued ASU
2016
-
09,
“Compensation -- Stock Compensation (Topic
718):
Improvements to Employee Share-Based Payment Accounting.” This ASU simplifies several aspects of the accounting for share-based payment award transactions including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The guidance eliminates additional paid-in capital pools for equity-based awards and requires that the related income tax effects of awards be recognized in the income statement. The guidance also allows an employer to repurchase more of an employee’s shares for tax withholding purposes without triggering liability accounting and to make a policy election to account for forfeitures as they occur. The Company adopted ASU
2016
-
09
in the
first
quarter of
2017
on a prospective basis and elected to account for forfeitures of share-based awards as they occur. Excess tax benefits on share-based awards in the statement of cash flows in prior periods have not been adjusted. The adoption of the standard did not have a material effect on the Company’s financial statements.
 
Standards Not Yet Adopted
 
In
March
2017,
the FASB issued ASU
2017
-
08,
“Receivables – Nonrefundable Fees and Other Costs (Subtopic
310
-
20):
Premium Amortization on Purchased Callable Securities.” This ASU amends the amortization period for certain purchased callable debt securities held at a premium. ASU
2017
-
08
will be effective for the Company for fiscal years beginning after
December
15,
2018.
The Company expects to adopt ASU
2017
-
08
in the
first
quarter of
2019.
The Company is evaluating the impact of the standard and does not expect the guidance to have a material effect on its financial statements.
 
In
March
2017,
the FASB issued ASU
2017
-
07,
“Compensation – Retirement Benefits (Topic
715):
Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” This ASU intends to improve the presentation of net periodic pension cost and net periodic postretirement benefit costs in the income statement and to narrow the amounts eligible for capitalization in assets. ASU
2017
-
07
will be effective for the Company for fiscal years beginning after
December
15,
2017.
The Company expects to adopt ASU
2017
-
07
in the
first
quarter of
2018.
The Company is evaluating the impact of the standard and does not expect the guidance to have a material effect on its financial statements.
 
In
February
2017,
the FASB issued ASU
2017
-
06,
“Plan Accounting: Defined Benefit Pension Plans (Topic
960);
Defined Contribution Pension Plans (Topic
962);
Health and Welfare Benefit Plans (Topic
965):
Employee Benefit Plan Master Trust Reporting.” This ASU intends to reduce diversity and improve the usefulness of information provided by employee benefit plans that hold interests in master trusts. ASU
2017
-
06
will be effective for the Company for fiscal years beginning after
December
15,
2018.
The Company expects to adopt ASU
2017
-
06
in the
first
quarter of
2019.
The Company is evaluating the impact of the standard and does not expect the guidance to have a material effect on its financial statements.
 
In
November
2016,
the FASB issued ASU
2016
-
18,
“Statement of Cash Flows (Topic
230):
Restricted Cash.” This ASU requires that a statement of cash flows explains the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ASU
2016
-
18
will be effective for the Company for fiscal years beginning after
December
15,
2017.
The Company expects to adopt ASU
2016
-
18
in the
first
quarter of
2018.
The Company is evaluating the impact of the standard and does not expect the guidance to have a material effect on its financial statements.
 
In
August
2016,
the FASB issued ASU
2016
-
15,
“Statement of Cash Flows (Topic
230):
Classification of Certain Cash Receipts and Cash Payments.” This ASU makes
eight
targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. ASU
2016
-
15
will be effective for the Company for fiscal years beginning after
December
15,
2017,
with early adoption permitted. The update should be applied on a retrospective basis, if practicable. The Company expects to adopt ASU
2016
-
15
in the
first
quarter of
2018.
The Company is evaluating the impact of the standard and does not expect the guidance to have a material effect on its financial statements.
 
In
June
2016,
the FASB issued ASU
2016
-
13,
“Financial Instruments -- Credit Losses (Topic
326):
Measurement of Credit Losses on Financial Instruments.” This ASU intends to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. This ASU requires an organization to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts and requires enhanced disclosures related to the significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. In addition, the update amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. ASU
2016
-
13
will be effective for the Company for fiscal years beginning after
December
15,
2019,
with early adoption permitted for fiscal years beginning after
December
15,
2018.
The Company expects to adopt ASU
2016
-
13
in the
first
quarter of
2020
and recognize a cumulative adjustment to retained earnings as of the beginning of the year of adoption. The Company is evaluating the impact of the standard.
 
In
February
2016,
the FASB issued ASU
2016
-
02,
“Leases (Topic
842).”
This ASU increases transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and requiring more disclosures related to leasing transactions. ASU
2016
-
02
will be effective for the Company for fiscal years beginning after
December
15,
2018,
with early adoption permitted. The Company expects to adopt ASU
2016
-
02
in the
first
quarter of
2019.
The Company leases certain banking offices under lease agreements it classifies as operating leases. The Company is evaluating the impact of the standard and expects an increase in assets and liabilities; however, the Company does not expect the guidance to have a material effect on its financial statements.
 
In
January
2016,
the FASB issued ASU
2016
-
01,
“Financial Instruments -- Overall (Subtopic
825
-
10):
Recognition and Measurement of Financial Assets and Financial Liabilities.” This ASU significantly revises an entity’s accounting related to
(1)
 the classification and measurement of investments in equity securities and
(2)
 the presentation of certain fair value changes for financial liabilities measured at fair value. The new guidance also amends certain disclosure requirements associated with the fair value of financial instruments. ASU
2016
-
01
will be effective for the Company for fiscal years beginning after
December
 
15,
2017,
with early adoption permitted for the instrument-specific credit risk provision. The Company expects to adopt ASU
2016
-
01
in the
first
quarter of
2018.
The Company is evaluating the impact of the standard and does not expect to recognize a significant cumulative effect adjustment to retained earnings at the beginning of the year of adoption or expect the guidance to have a material effect on its financial statements. The cumulative-effect adjustment will be dependent on the composition and fair value of the Company’s equity securities portfolio at the adoption date.
 
In
May
2014,
the FASB issued ASU
2014
-
09,
“Revenue from Contracts with Customers.” This ASU’s core principle is that an entity will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In doing so, companies will need to use more judgment and make more estimates than under existing guidance. These
may
include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. In
August
2015,
the FASB issued ASU
2015
-
14,
“Revenue from Contracts with Customers” deferring the effective date of ASU
2014
-
09
for the Company until fiscal years beginning after
December
15,
2017,
with early adoption permitted for fiscal years beginning after
December
15,
2016.
Additional revenue related standards to be adopted concurrently with ASU
2014
-
09
include ASU
2017
-
05,
ASU
2016
-
20,
ASU
2016
-
12,
ASU
2016
-
10,
and ASU
2016
-
08.
The Company expects to adopt ASU
2014
-
09,
and related updates, in the
first
quarter of
2018
and recognize a cumulative adjustment to retained earnings as of the beginning of the year of adoption. The Company’s primary source of revenue is interest income, which is excluded from the scope of this guidance; however, the Company is evaluating the impact of the standard on other income, which includes fees for services, commissions on sales, and various deposit service charges. The Company does not expect the guidance to have a material effect on its financial statements.
 
The Company does not expect other recent accounting standards issued by the FASB or other standards-setting bodies to have a material impact on the consolidated financial statements.