XML 83 R16.htm IDEA: XBRL DOCUMENT
v3.20.1

Note 8 - Premises, Equipment, and Leases | 12 Months Ended
--- | ---
Dec. 31, 2019
Notes to Financial Statements |
Property, Plant and Equipment Disclosure [Text Block] | Note 8 . Premises , Equipment , and Leases Premises and Equipment The following table presents the components of premises and equipment as of the dates indicated:
|  | December 31, |
|  | 2019 |  |  | 2018 |
(Amounts in thousands) |  |  |  |  |  |  |  |
Land |  | $ | 22,899 |  |  | $ | 18,090 |
Buildings and leasehold improvements |  |  | 52,351 |  |  |  | 45,079 |
Equipment |  |  | 38,173 |  |  |  | 33,551 |
Total premises and equipment |  |  | 113,423 |  |  |  | 96,720 |
Accumulated depreciation and amortization |  |  | (50,599 | ) |  |  | (50,935 | )
Total premises and equipment, net |  | $ | 62,824 |  |  | $ | 45,785 |
Impairment charges related to certain long-term investments in land and buildings totaled $380 thousand in 2019, $1.01 million in 2018, and $677 thousand in 2017. Depreciation and amortization expense for premises and equipment was $3.45 million in 2019, $2.91 million in 2018, and $3.56 million in 2017. Leases Effective January 1, 2019, the Company adopted ASU 2016 - 02, “Leases (Topic 842 )”; the standard was adopted prospectively. The Company currently has two operating leases that are recorded as a right of use (“ROU”) asset and operating lease liability. The right of use asset is recorded in other assets on the consolidated balance sheet, while the lease liability is recorded in other liabilities. The ROU asset represents the right to use an underlying asset during the lease term and the lease liability represents the obligation to make lease payments arising from the lease. The current ROU asset and lease liability were recognized at the adoption date of January 1, 2019, based on the present value of the remaining lease payments using a discount rate that represented our incremental borrowing rate at the time of adoption. The lease expense which is comprised of the amortization of the ROU asset and the implicit interest accreted on the lease liability, is recognized on a straight-line basis over the lease term, and is recorded in occupancy expense in the consolidated statements of income. The Company’s current operating leases relate primarily to bank branches. Two operating leases were acquired in the Highlands transaction; neither of which were for bank branches. One of the leases will terminate in the first quarter of 2020; while the other remaining Highlands’ lease will terminate in early 2022. No right ROU was recorded in the transaction due to the ROU asset related to the lease that terminates in 2022 being impaired as of the acquisition date; a lease liability was recorded for $82 thousand. The Company’s total operating leases have remaining terms of 2 – 10 years. As of December 31, 2019, the Company’s ROU asset and lease liability were $917 thousand and $1.01 million, respectively. The weighted average discount rate was 3.22%.
Year |  | Amount |
(Amounts in thousands) |  |  |  |
2020 |  | $ | 154 |
2021 |  |  | 154 |
2022 |  |  | 131 |
2023 |  |  | 119 |
2024 and thereafter |  |  | 580 |
Total lease payments |  |  | 1,138 |
Less: Interest |  |  | (129 | )
Present value of lease liabilities |  | $ | 1,009 |
Lease expense was $203 thousand in 2019, $318 thousand in 2018, and $582 thousand in 2017. The Company maintained no subleases as of December 31, 2019.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration