XML 68 R51.htm IDEA: XBRL DOCUMENT v3.10.0.1

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value Disclosures [Abstract]

Schedule of recorded amount of assets and liabilities measured at fair value on a recurring basis

The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis as of December 31, 2018 and 2017:

(dollars in thousands)		Quoted Prices (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)				Total (Fair Value)
December 31, 2018
Assets:
Investment securities available for sale:
U. S. agency securities		$	—			$	256,345			$	—			$	256,345
Residential mortgage backed securities			—				472,231				—				472,231
Municipal bonds			—				45,769				—				45,769
Corporate bonds			—				—				9,576				9,576
Other equity investments			—				—				218				218
Loans held for sale			—				19,254				—				19,254
Mortgage banking derivatives			—				—				229				229
Interest rate swap derivatives			—				3,727				—				3,727
Total assets measured at fair value on a recurring basis as of December 31, 2018		$	—			$	797,326			$	10,023			$	807,349
Liabilities:
Mortgage banking derivatives		$	—			$	—			$	269			$	269
Total liabilities measured at fair value on a recurring basis as of December 31, 2018		$	—			$	—			$	269			$	269
December 31, 2017
Assets:
Investment securities available for sale:
U. S. agency securities		$	—			$	195,984			$	—			$	195,984
Residential mortgage backed securities			—				317,836				—				317,836
Municipal bonds			—				62,057				—				62,057
Corporate bonds			—				11,673				1,500				13,173
Other equity investments			—				—				218				218
Loans held for sale			—				25,096				—				25,096
Mortgage banking derivatives			—				—				43				43
Interest rate swap derivatives			—				2,256				—				2,256
Total assets measured at fair value on a recurring basis as of December 31, 2017		$	—			$	614,902			$	1,761			$	616,663
Liabilities:
Mortgage banking derivatives		$	—			$	—			$	10			$	10
Total liabilities measured at fair value on a recurring basis as of December 31, 2017		$	—			$	—			$	10			$	10

Schedule of aggregate fair value and the aggregate unpaid principal balance for loans held for sale measured at fair value

The following table summarizes the difference between the aggregate fair value and the aggregate unpaid principal balance for loans held for sale measured at fair value as of December 31, 2018 and December 31, 2017.

		December 31, 2018
							Aggregate Unpaid
(dollars in thousands)			Fair Value				Principal Balance				Difference
Residential mortgage loans held for sale		$	19,254			$	18,797			$	457
FHA mortgage loans held for sale		$	—			$	—			$	—

		December 31, 2017
						Aggregate Unpaid
(dollars in thousands)		Fair Value				Principal Balance				Difference
Residential mortgage loans held for sale		$	25,096			$	24,674			$	422
FHA mortgage loans held for sale		$	—			$	—			$	—

Schedule of the reconciliation of activity for assets and liabilities measured at fair value based on Significant Other Unobservable Inputs (Level 3)

The following is a reconciliation of activity for assets and liabilities measured at fair value based on Significant Other Unobservable Inputs (Level 3):

		Investment				Mortgage Banking
(dollars in thousands)		Securities				Derivatives				Total
Assets:
Beginning balance at January 1, 2018		$	1,718			$	43			$	1,761
Realized gain included in earnings - net mortgage banking derivatives			—				186				186
Reclass from level 2			8,076				—				8,076
Principal redemption			—				—				—
Ending balance at December 31, 2018		$	9,794			$	229			$	10,023
Liabilities:
Beginning balance at January 1, 2018		$	—			$	10			$	10
Realized loss included in earnings - net mortgage banking derivatives			—				259				259
Principal redemption			—				—				—
Ending balance at December 31, 2018		$	—			$	269			$	269

		Investment				Mortgage Banking
(dollars in thousands)		Securities				Derivatives				Total
Assets:
Beginning balance at January 1, 2017		$	1,718			$	114			$	1,832
Realized loss included in earnings - net mortgage banking derivatives			—				(71	)			(71	)
Purchases of available-for-sale securities			—				—				—
Principal redemption			—				—				—
Ending balance at December 31, 2017		$	1,718			$	43			$	1,761
Liabilities:
Beginning balance at January 1, 2017		$	—			$	55			$	55
Realized loss included in earnings - net mortgage banking derivatives			—				(45	)			(45	)
Principal redemption			—				—				—
Ending balance at December 31, 2017		$	—			$	10			$	10

Schedule of assets measured at fair value on nonrecurring basis

Assets measured at fair value on a nonrecurring basis are included in the table below:

(dollars in thousands)		Quoted Prices (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)				Total (Fair Value)
December 31, 2018
Impaired loans:
Commercial		$	—			$	—			$	3,338			$	3,338
Income producing - commercial real estate			—				—				18,937				18,937
Owner occupied - commercial real estate			—				—				5,131				5,131
Real estate mortgage - residential			—				—				1,510				1,510
Construction - commercial and residential											1,981				1,981
Home equity			—				—				487				487
Other real estate owned			—				—				1,394				1,394
Total assets measured at fair value on a nonrecurring basis as of December 31, 2018		$	—			$	—			$	32,778			$	32,778

(dollars in thousands)		Quoted Prices (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)				Total (Fair Value)
December 31, 2017
Impaired loans:
Commercial		$	—			$	—			$	2,266			$	2,266
Income producing - commercial real estate			—				—				7,664				7,664
Owner occupied - commercial real estate			—				—				5,214				5,214
Real estate mortgage - residential			—				—				775				775
Construction - commercial and residential			—				—				1,552				1,552
Home equity			—				—				494				494
Other consumer			—				—				11				11
Other real estate owned			—				—				1,394				1,394
Total assets measured at fair value on a nonrecurring basis as of December 31, 2017		$	—			$	—			$	19,370			$	19,370

Schedule of estimated fair values of financial instruments

The estimated fair values of the Company’s financial instruments at December 31, 2018 and 2017 are as follows:

										Fair Value Measurements
										Quoted Prices				Significant Other Observable Inputs				Significant Unobservable Inputs
(dollars in thousands)		Carrying Value				Fair Value				(Level 1)				(Level 2)				(Level 3)
December 31, 2018
Assets
Cash and due from banks		$	6,773			$	6,773			$	—			$	6,773			$	—
Federal funds sold			11,934				11,934				—				11,934				—
Interest bearing deposits with other banks			303,157				303,157				—				303,157				—
Investment securities			784,139				784,139				—				774,345				9,794
Federal Reserve and Federal Home Loan Bank stock			23,506				23,506				—				23,506				—
Loans held for sale			19,254				19,254				—				19,254				—
Loans (1)			6,921,503				6,921,048				—				—				6,921,048
Bank owned life insurance			73,441				73,441				—				73,441				—
Annuity investment			12,417				12,417				—				12,417				—
Mortgage banking derivatives			229				229				—				—				229
Interest rate swap derivatives			3,727				3,727				—				3,727				—
Liabilities
Noninterest bearing deposits			2,104,220				2,104,220				—				2,104,220				—
Interest bearing deposits			3,542,666				3,542,666				—				3,542,666				—
Certificates of deposit			1,327,399				1,325,209				—				1,325,209				—
Customer repurchase agreements			30,413				30,413				—				30,413				—
Borrowings			217,196				218,006				—				218,006				—
Mortgage banking derivatives			269				269				—				—				269
December 31, 2017
Assets
Cash and due from banks		$	7,445			$	7,445			$	—			$	7,445			$	—
Federal funds sold			15,767				15,767				—				15,767				—
Interest bearing deposits with other banks			167,261				167,261				—				167,261				—
Investment securities			589,268				589,268				—				587,550				1,718
Federal Reserve and Federal Home Loan Bank stock			36,324				36,324				—				36,324				—
Loans held for sale			25,096				25,096				—				25,096				—
Loans (2)			6,346,770				6,381,213				—				—				6,381,213
Bank owned life insurance			60,947				60,947				—				60,947				—
Annuity investment			11,632				11,632				—				11,632				—
Mortgage banking derivatives			43				43				—				—				43
Interest rate swap derivatives			2,256				2,256				—				2,256				—
Liabilities
Noninterest bearing deposits			1,982,912				1,982,912				—				1,982,912				—
Interest bearing deposits			3,041,563				3,041,563				—				3,041,563				—
Certificates of deposit			829,509				829,886				—				829,886				—
Customer repurchase agreements			76,561				76,561				—				76,561				—
Borrowings			541,905				533,162				—				533,162				—
Mortgage banking derivatives			10				10				—				—				10

(1) Carrying amount is net of unearned income and the allowance for credit losses. In accordance with the prospective adoption of ASU No. 2016-01, the fair value of loans was measured using an exit price notion.

(2) Carrying amount is net of unearned income and the allowance for credit losses. The fair value of loans was measured using an entry price notion.

X

- Definition

Tabular disclosure for aggregate fari value and unpaid principal balance for loans held for sale.

+ References

No definition available.

+ Details

Name:	egbn_ScheduleOfAggregateFairValueAndAggregateUnpaidPrincipalBalanceForLoansHeldForSaleMeasuredAtFairValueTableTextBlock
Namespace Prefix:	egbn_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19279-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration