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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

☒         QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2020
or
☐         TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934  For the transition period from ___________ to __________.

Commission File Number 0-16587 
Summit Financial Group, Inc.
(Exact name of registrant as specified in its charter)
West Virginia55-0672148
(State or other jurisdiction of(IRS Employer
incorporation or organization)Identification No.)
300 North Main Street 
MoorefieldWest Virginia26836
(Address of principal executive offices)(Zip Code)
(304) 530-1000
(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Sections 13 or 15(d) of the Securities and Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes☑No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Yes☑No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer o               Accelerated filer þ    Non-accelerated filer o
                  Smaller reporting company ☐     Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes☐No☑







Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, Par Value $2.50 per shareSMMFNASDAQ Global Select Market


Indicate the number of shares outstanding of each of the issuer’s classes of Common Stock as of the latest practicable date.
Common Stock, $2.50 par value
12,982,493 shares outstanding as of November 2, 2020


Table of Contents

   Page
PART  I.FINANCIAL INFORMATION 
    
 Item 1.Financial Statements 
    
  Consolidated balance sheets September 30, 2020 (unaudited) and
December 31, 2019
    
  Consolidated statements of income
for the three months and nine months ended September 30, 2020 and 2019 (unaudited)
    
  Consolidated statements of comprehensive income
for the three months and nine months ended September 30, 2020 and 2019 (unaudited)
    
  Consolidated statements of shareholders’ equity
for the three months and nine months ended
September 30, 2020 and 2019 (unaudited)
    
  Consolidated statements of cash flows
for the nine months ended
September 30, 2020 and 2019 (unaudited)
    
  Notes to consolidated financial statements (unaudited)
    
 Item 2.Management's Discussion and Analysis of Financial Condition
and Results of Operations
    
 Item 3.Quantitative and Qualitative Disclosures about Market Risk
    
 Item 4.Controls and Procedures
PART II.OTHER INFORMATION 
 Item 1.Legal Proceedings
    
 Item 1A.Risk Factors
    
 Item 2.Unregistered Sales of Equity Securities and Use of ProceedsNone
    
 Item 3.Defaults upon Senior SecuritiesNone
    
 Item 4.Mine Safety DisclosuresNone
    
 Item 5.Other InformationNone
    
 Item 6.Exhibits
    
EXHIBIT INDEX 
    
SIGNATURES 
3

Item 1. Financial Statements


Consolidated Balance Sheets (unaudited)

September 30,
2020		December 31,
2019
Dollars in thousands, except per share amounts(unaudited)(*)
ASSETS  
Cash and due from banks$16,257 $28,137 
Interest bearing deposits with other banks92,729 33,751 
Cash and cash equivalents108,986 61,888 
Debt securities available for sale297,989 276,355 
Debt securities held to maturity (estimated fair value - $92,786)
91,600 — 
Other investments10,766 12,972 
Loans held for sale2,538 1,319 
Loans, net of unearned income2,251,804 1,913,499 
    Less: allowance for credit losses - loans(29,354)(13,074)
         Loans, net2,222,450 1,900,425 
Property held for sale17,831 19,276 
Premises and equipment, net52,880 44,168 
Accrued interest receivable10,978 8,439 
Goodwill and other intangible assets48,101 23,022 
Cash surrender value of life insurance policies and annuities57,029 43,603 
Other assets25,714 12,025 
Total assets$2,946,862 $2,403,492 
LIABILITIES AND SHAREHOLDERS' EQUITY  
Liabilities  
Deposits  
Non-interest bearing$420,070 $260,553 
Interest bearing2,031,821 1,652,684 
Total deposits2,451,891 1,913,237 
Short-term borrowings140,145 199,345 
Long-term borrowings703 717 
Subordinated debentures29,336 — 
Subordinated debentures owed to unconsolidated subsidiary trusts19,589 19,589 
Other liabilities33,235 22,840 
Total liabilities2,674,899 2,155,728 
Commitments and Contingencies
Shareholders' Equity  
Preferred stock, $1.00 par value, authorized 250,000 shares
— — 
Common stock and related surplus, $2.50 par value; authorized 20,000,000 shares; issued: 2020 - 12,981,717 shares and 2019 - 12,474,641 shares; outstanding: 2020 - 12,932,415 shares and 2019 - 12,408,542
94,717 80,084 
Unallocated common stock held by Employee Stock Ownership Plan - 2020 - 49,302 shares and 2019 - 66,099 shares
(532)(714)
Retained earnings173,588 165,859 
Accumulated other comprehensive income4,190 2,535 
Total shareholders' equity271,963 247,764 
Total liabilities and shareholders' equity$2,946,862 $2,403,492 

(*) - Derived from audited consolidated financial statements

See Notes to Consolidated Financial Statements
Table of Contents
4

Consolidated Statements of Income (unaudited)

 For the Three Months Ended September 30,For the Nine Months Ended September 30,
Dollars in thousands, except per share amounts2020201920202019
Interest income    
Interest and fees on loans    
Taxable$26,656 $24,786 $77,211 $71,877 
Tax-exempt151 154 455 467 
Interest and dividends on securities    
Taxable1,445 1,566 4,656 4,859 
Tax-exempt937 618 2,288 2,307 
Interest on interest bearing deposits with other banks57 125 216 490 
Total interest income29,246 27,249 84,826 80,000 
Interest expense    
Interest on deposits3,552 6,214 13,088 17,745 
Interest on short-term borrowings734 1,371 1,863 4,240 
Interest on long-term borrowings and subordinated debentures194 244 600 758 
Total interest expense4,480 7,829 15,551 22,743 
Net interest income24,766 19,420 69,275 57,257 
Provision for credit losses3,250 500 11,500 1,050 
Net interest income after provision for credit losses21,516 18,920 57,775 56,207 
Noninterest income    
Insurance commissions44 40 75 1,821 
Trust and wealth management fees622 632 1,870 1,830 
Mortgage origination revenue780 77 1,636 392 
Service charges on deposit accounts1,138 1,312 3,283 3,716 
Bank card revenue1,237 924 3,257 2,631 
Realized securities gains, net1,522 453 2,560 1,535 
Gain on sale of Summit Insurance Services, LLC— — — 1,906 
Bank owned life insurance and annuities income795 247 1,334 733 
Other69 74 292 235 
Total noninterest income6,207 3,759 14,307 14,799 
Noninterest expenses    
Salaries, commissions and employee benefits8,108 7,044 23,709 21,966 
Net occupancy expense1,057 799 2,917 2,602 
Equipment expense1,474 1,296 4,263 3,694 
Professional fees364 388 1,168 1,266 
Advertising and public relations145 177 389 484 
Amortization of intangibles412 404 1,251 1,300 
FDIC premiums320 — 595 88 
Bank card expense589 455 1,652 1,367 
Foreclosed properties expense, net607 305 1,815 2,236 
Merger-related expenses28 74 1,453 519 
Other2,405 1,864 6,493 6,473 
Total noninterest expenses15,509 12,806 45,705 41,995 
Income before income tax expense12,214 9,873 26,377 29,011 
Income tax expense2,594 1,812 5,302 5,293 
Net income$9,620 $8,061 $21,075 $23,718 
Basic earnings per common share$0.74 $0.65 $1.63 $1.89 
Diluted earnings per common share$0.74 $0.65 $1.62 $1.88 
See Notes to Consolidated Financial Statements 
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5

Consolidated Statements of Comprehensive Income (unaudited)

For the Three Months Ended 
 September 30,
Dollars in thousands20202019
Net income$9,620 $8,061 
Other comprehensive income:  
Net unrealized gain on cashflow hedge of:
2020 - $555, net of deferred taxes of $133; 2019 - $70, net of deferred taxes of $17
422 53 
Net unrealized gain on securities available for sale of:
2020 - $587, net of deferred taxes of $141 and reclassification adjustment for net realized gains included in net income of $1,522, net of tax of $365; 2019 - $2,068, net of deferred taxes of $496 and reclassification adjustment for net realized gains included in net income of $453, net of tax of $109
446 1,572 
Total other comprehensive income868 1,625 
Total comprehensive income
$10,488 $9,686 
For the Nine Months Ended 
 September 30,
Dollars in thousands20202019
Net income$21,075 $23,718 
Other comprehensive income:  
Net unrealized loss on cashflow hedge of:
2020 - $(1,943), net of deferred taxes of $(466); 2019 - $(487), net of deferred taxes of $(117)
(1,477)(370)
Net unrealized gain on securities available for sale of:
2020 - $4,121 net of deferred taxes of $989 and reclassification adjustment for net realized gains included in net income of $2,560, net of tax of $614; 2019 - $7,315, net of deferred taxes of $1,755 and reclassification adjustment for net realized gains included in net income of $1,535, net of tax of $368
3,132 5,560 
Net unrealized loss on pension plan of:
2019 - $(432), net of deferred taxes of $(104)
— (328)
Total other comprehensive income1,655 4,862 
Total comprehensive income$22,730 $28,580 
























See Notes to Consolidated Financial Statements
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6

Consolidated Statements of Shareholders’ Equity (unaudited)

Dollars in thousands, except per share amountsCommon
Stock and
Related
Surplus		Unallocated
Common
Stock Held
by ESOP		Retained
Earnings		Accumulated
Other
Compre-
hensive
Income		Total
Share-
holders'
Equity
Balance at June 30, 2020$94,539 $(593)$166,163 $3,322 $263,431 
Three Months Ended September 30, 2020    
Net income— — 9,620 — 9,620 
Other comprehensive income— — — 868 868 
Share-based compensation expense79 — — — 79 
Unallocated ESOP shares committed to be released - 5,599 shares
27 61 — — 88 
Common stock issuances from reinvested dividends - 4,771 shares
72 — — — 72 
Common stock cash dividends declared ($0.17 per share)
— — (2,195)— (2,195)
Balance, September 30, 2020$94,717 $(532)$173,588 $4,190 $271,963 
Balance June 30, 2019$80,946 $(828)$153,362 $2,221 $235,701 
Three Months Ended September 30, 2019    
Net income— — 8,061 — 8,061 
Other comprehensive income— — — 1,625 1,625 
Share-based compensation expense149 — — — 149 
Unallocated ESOP shares committed to be released - 5,251 shares
80 56 — — 136 
Retirement of 52,460 shares of common stock
(1,453)— — — (1,453)
Common stock issuances from reinvested dividends - 2,227 shares
58 — — — 58 
Common stock cash dividends declared ($0.15 per share)
— — (1,855)— (1,855)
Balance, September 30, 2019$79,780 $(772)$159,568 $3,846 $242,422 



















See Notes to Consolidated Financial Statements
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7

Consolidated Statements of Shareholders’ Equity (unaudited)

Dollars in thousands, except per share amountsCommon
Stock and
Related
Surplus		Unallocated Common Stock Held by ESOPRetained
Earnings		Accumulated
Other
Compre-
hensive
Income
(Loss)		Total
Share-
holders'
Equity
Balance, December 31, 2019$80,084 $(714)$165,859 $2,535 $247,764 
Nine Months Ended September 30, 2020    
Impact of adoption of ASC 326— — (6,756)— (6,756)
Net income— — 21,075 — 21,075 
Other comprehensive income— — — 1,655 1,655 
Vesting of RSUs - 651 shares
— — — — — 
Share-based compensation expense402 — — — 402 
Unallocated ESOP shares committed to be released - 16,797 shares
128 182 — — 310 
Retirement of 75,333 shares of common stock
(1,444)— — — (1,444)
Acquisition of Cornerstone Financial Services, Inc. - 570,000 shares, net of issuance costs
15,354 — — — 15,354 
Common stock issuances from reinvested dividends - 11,758 shares
193 — — — 193 
Common stock cash dividends declared ($0.51 per share)
— — (6,590)— (6,590)
Balance, September 30, 2020$94,717 $(532)$173,588 $4,190 $271,963 
Balance, December 31, 2018$80,431 $(939)$141,354 $(1,016)$219,830 
Nine Months Ended September 30, 2019    
Net income— — 23,718 — 23,718 
Other comprehensive income— — — 4,862 4,862 
Exercise of stock options and SARs - 17,255 shares
7 — — — 7 
Share-based compensation expense430 — — — 430 
Unallocated ESOP shares committed to be released - 15,481 shares
222 167 — — 389 
Retirement of 417,577 shares of common stock
(10,405)— — — (10,405)
Acquisition of Peoples Bankshares, Inc. - shares, net of 465,931 issuance costs
8,918 — — — 8,918 
Common stock issuances from reinvested dividends - 6,781 shares
177 — — — 177 
Common stock cash dividends declared ($0.44 per share)
— — (5,504)— (5,504)
Balance, September 30, 2019$79,780 $(772)$159,568 $3,846 $242,422 











See Notes to Consolidated Financial Statements
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8

Consolidated Statements of Cash Flows (unaudited)

 Nine Months Ended
Dollars in thousandsSeptember 30,
2020		September 30,
2019
Cash Flows from Operating Activities  
Net income$21,075 $23,718 
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation2,359 1,921 
Provision for credit losses11,500 1,050 
Share-based compensation expense402 430 
Deferred income tax benefit(3,459)(336)
Loans originated for sale(64,279)(13,710)
Proceeds from sale of loans64,195 13,292 
Gains on loans held for sale(1,135)(270)
Realized securities gains, net(2,560)(1,535)
(Gain) loss on disposal of assets(167)213 
Gain on sale of Summit Insurance Services, LLC— (1,906)
Write-downs of foreclosed properties1,719 1,578 
Amortization of securities premiums, net2,135 1,826 
Accretion related to acquisitions, net(1,133)(842)
Amortization of intangibles1,251 1,300 
Earnings on bank owned life insurance and annuities(1,413)(830)
(Increase) decrease in accrued interest receivable(1,617)434 
(Increase) decrease in other assets(48)221 
(Decrease) increase in other liabilities(1,225)2,935 
Net cash provided by operating activities27,600 29,489 
Cash Flows from Investing Activities  
Proceeds from maturities and calls of securities available for sale2,810 1,766 
Proceeds from maturities and calls of held to maturity securities1,000 — 
Proceeds from sales of securities available for sale105,597 133,174 
Principal payments received on securities available for sale17,952 18,501 
Purchases of securities available for sale(52,783)(63,504)
Purchases of held to maturity securities(93,234)— 
Purchases of other investments(14,245)(12,035)
Proceeds from redemptions of other investments16,461 14,332 
Net loan originations(264,600)(118,893)
Purchases of premises and equipment(8,077)(7,238)
Proceeds from disposal of premises and equipment9 11 
Improvements to property held for sale(1,249)(88)
Proceeds from sales of repossessed assets & property held for sale2,007 2,789 
Purchase of life insurance contracts and annuities(9,298)— 
Proceeds from sale of Summit Insurance Services, LLC
— 7,117 
Cash and cash equivalents from acquisitions, net of cash consideration paid 2020 - $27,215; 2019 - $12,740
183,688 20,589 
Net cash used in investing activities(113,962)(3,479)
Cash Flows from Financing Activities  
Net increase in demand deposit, NOW and savings accounts307,957 45,706 
Net (decrease) increase in time deposits(130,841)39,621 
Net decrease in short-term borrowings(59,199)(102,390)
Repayment of long-term borrowings(14)(13)
Proceeds from subordinated debt, net of issuance costs29,336 — 
Purchase of interest rate cap(5,850)— 
Proceeds from issuance of common stock, net of issuance costs105 98 
Purchase and retirement of common stock(1,444)(10,405)
Exercise of stock options— 7 
Dividends paid on common stock(6,590)(5,504)
Net cash provided by (used in) financing activities133,460 (32,880)
Increase (decrease) in cash and cash equivalents47,098 (6,870)
continued
See Notes to Consolidated Financial Statements
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9

Consolidated Statements of Cash Flows (unaudited) - continued

Nine Months Ended
Dollars in thousandsSeptember 30,
2020		September 30,
2019
Cash and cash equivalents:  
Beginning61,888 59,540 
Ending$108,986 $52,670 
Supplemental Disclosures of Cash Flow Information  
Cash payments for:  
Interest$15,887 $22,548 
Income taxes$9,145 $6,080 
Supplemental Disclosures of Noncash Investing and Financing Activities 
Real property and other assets acquired in settlement of loans$902 $4,060 
Right of use assets obtained in exchange for lease obligations$3,293 $— 
Supplemental Disclosures of Noncash Transactions Included in Acquisition
Assets acquired$171,645 $100,377 
Liabilities assumed$365,379 $114,151 











































See Notes to Consolidated Financial Statements
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10


NOTE 1.  BASIS OF PRESENTATION

We, Summit Financial Group, Inc. and subsidiaries, prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America for interim financial information and with instructions to Form 10-Q and Regulation S-X.  Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for annual year end financial statements.  In our opinion, all adjustments considered necessary for a fair presentation have been included and are of a normal recurring nature.

The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ materially from these estimates. You should carefully consider each risk factor discussed in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2019 and the COVID-19 risk factor in Part II. Item 1A Risk Factors of this quarterly report on Form 10-Q.

The results of operations for the three and nine months ended September 30, 2020 are not necessarily indicative of the results to be expected for the full year.  The consolidated financial statements and notes included herein should be read in conjunction with our 2019 audited financial statements and Annual Report on Form 10-K. 

NOTE 2.  SIGNIFICANT NEW AUTHORITATIVE ACCOUNTING GUIDANCE

Recently Adopted
During June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments. Accounting Standards Codification Topic 326 ("ASC 326"), Financial Instruments - Credit Losses, as amended, among other things, requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques previously applied are still permitted, although the inputs to those techniques have changed to reflect the full amount of expected credit losses. In addition, ASC 326 amends the accounting for credit losses on debt securities and purchased financial assets with credit deterioration.

We adopted ASC 326 on January 1, 2020 using the modified retrospective approach. Results for the periods beginning after January 1, 2020 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable US GAAP. We recorded a net reduction of retained earnings of $6.76 million upon adoption. The transition adjustment includes an increase in the allowance for credit losses for loans ("ACLL") of $6.93 million and an increase in the allowance for credit losses on off-balance sheet credit exposures of $2.43 million, net of the corresponding increases in deferred tax assets of $2.13 million. The adjustments to the allowance for credit losses ("ACL") for both loans and off-balance sheet credit exposures are combined and reported on our income statement as credit loss expense. Further information regarding our policies and methodology used to estimate the ACLL is presented in Note 6 - Loans and Allowance for Credit Losses for Loans. Further information regarding our policies and methodology used to estimate the ACL on off-balance-sheet credit exposures is presented in Note 11 - Commitments and Contingencies.

We adopted ASC 326 using the prospective transition approach for financial assets purchased with credit deterioration (“PCD”) that were previously classified as purchased credit impaired (“PCI”) and accounted for under ASC 310-30. In accordance with the standard, we did not reassess whether PCI assets met the criteria of PCD assets as of the date of adoption. The remaining credit discount on the PCI loans was recorded as an offset to the ACLL at the time of adoption and is netted in the above adjustment. The remaining adjustment for noncredit factors on these loans will be accreted into interest income on a level-yield method over the life of the loans.

Additionally, we evaluated each acquired loan for PCD status at the time of adoption. We identified loans with a net balance of $9.4 million that should be considered PCD. We considered the remaining discount at the time of adoption to be for noncredit factors on these loans and it will be accreted into interest income on a level-yield method over the life of the loans.

In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement. The amendments modify the disclosure requirements in Topic 820 to add disclosures regarding changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements and the narrative description of measurement uncertainty. Certain
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disclosure requirements in Topic 820 are also removed or modified. The amendments were effective for us January 1, 2020 and did not have a material impact on our consolidated financial statements.

In March 2020 (revised April 2020), various regulatory agencies, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, (“the agencies”) issued an interagency statement on loan modifications and reporting for financial institutions working with customers affected by the Coronavirus ("COVID-19"). The interagency statement was effective immediately and impacted accounting for loan modifications. Under ASC 310-40, Receivables - Troubled Debt Restructurings by Creditors, (“ASC 310-40”), a restructuring of debt constitutes a troubled debt restructuring (“TDR”) if the creditor, for economic or legal reasons related to the debtor’s financial difficulties, grants a concession to the debtor that it would not otherwise consider. The agencies confirmed with the staff of the FASB that short-term modifications made on a good faith basis in response to the COVID-19 crisis to borrowers who were current prior to any relief, are not to be considered TDRs. This includes short-term (e.g., six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. This interagency guidance is expected to have a material impact on the Company’s financial statements; however, this impact cannot be quantified at this time. See Note 6 of the accompanying consolidated financial statements for disclosure of the impact to date.

Pending Adoption

In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes. The ASU is expected to reduce cost and complexity related to the accounting for income taxes by removing specific exceptions to general principles in Topic 740 (eliminating the need for an organization to analyze whether certain exceptions apply in a given period) and improving financial statement preparers’ application of certain income tax-related guidance. This ASU is part of the FASB’s simplification initiative to make narrow-scope simplifications and improvements to accounting standards through a series of short-term projects. For public business entities, the amendments are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. We are currently assessing the impact that ASU 2019-12 will have on our consolidated financial statements.

In January 2020, the FASB issued ASU 2020-01, Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) - Clarifying the Interactions between Topic 321, Topic 323, and Topic 815. For public business entities, the amendments in the ASU are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. We do not expect the adoption of ASU 2020-01 to have a material impact on our consolidated financial statements.

In March 2020, the Financial Accounting Standards Board (FASB) issued ASU 2020-04 Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting which provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. At this time, we do not anticipate any material adverse impact to our business operation or financial results during the period of transition.

In October 2020, the FASB issued ASU 2020-08 Codification Improvements to Subtopic 310-20, Receivables – Nonrefundable fees and Other Costs which clarifies that an entity should reevaluate whether a callable debt security is within the scope of ASC paragraph 310-20-35-33 for each reporting period. For public business entities, the ASU is effective for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years. Early adoption is not permitted. All entities should apply ASU No. 2020-08 on a prospective basis as of the beginning of the period of adoption for existing or newly purchased callable debt securities. We do not expect the adoption of ASU 2020-06 to have a material impact on our consolidated financial statements.









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12

NOTE 3.  FAIR VALUE MEASUREMENTS

The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis.
 Balance atFair Value Measurements Using:
Dollars in thousandsSeptember 30, 2020Level 1Level 2Level 3
Securities available for sale    
U.S. Government sponsored agencies$36,766 $— $36,766 $— 
Mortgage backed securities:    
Government sponsored agencies62,351 — 62,351 — 
Nongovernment sponsored entities15,190 — 15,190 — 
State and political subdivisions52,300 — 52,300 — 
Corporate debt securities25,956 — 25,956 — 
Asset-backed securities46,035 — 46,035 — 
Tax-exempt state and political subdivisions59,391 — 59,391 — 
Total securities available for sale$297,989 $— $297,989 $— 
Derivative financial assets
Interest rate cap$4,611 $— $4,611 $— 
Derivative financial liabilities    
Interest rate swaps$3,067 $— $3,067 $— 
 Balance atFair Value Measurements Using:
Dollars in thousandsDecember 31, 2019Level 1Level 2Level 3
Securities available for sale    
U.S. Government sponsored agencies$20,864 $— $20,864 $— 
Mortgage backed securities:    
Government sponsored agencies70,975 — 70,975 — 
Nongovernment sponsored entities10,229 — 10,229 — 
State and political subdivisions49,973 — 49,973 — 
Corporate debt securities18,200 — 18,200 — 
Asset-backed securities33,014 — 33,014 — 
Tax-exempt state and political subdivisions73,100 — 73,100 — 
Total securities available for sale$276,355 $— $276,355 $— 
Derivative financial liabilities    
Interest rate swaps$988 $— $988 $— 

We may be required, from time to time, to measure certain assets at fair value on a nonrecurring basis in accordance with U.S. generally accepted accounting principles.  These include assets that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period.  Assets measured at fair value on a nonrecurring basis are included in the table below.
 Balance atFair Value Measurements Using:
Dollars in thousandsSeptember 30, 2020Level 1Level 2Level 3
Residential mortgage loans held for sale$2,538 $— $2,538 $— 
Collateral-dependent loans with an ACLL    
Commercial$8 $— $8 $— 
Commercial real estate7,954 — 7,954 — 
Construction and development355 — 355 — 
Residential real estate90 — 90 — 
Total collateral-dependent loans with an ACLL$8,407 $— $8,407 $— 
Property held for sale    
Commercial real estate$1,125 $— $1,125 $— 
Construction and development14,049 — 13,428 621 
Residential real estate500 — 500 — 
Total property held for sale$15,674 $— $15,053 $621 

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13

Collateral dependent loans with an ACLL were categorized as impaired loans with specific reserves prior to the adoption of ASC 326.
 Balance atFair Value Measurements Using:
Dollars in thousandsDecember 31, 2019Level 1Level 2Level 3
Residential mortgage loans held for sale$1,319 $— $1,319 $— 
Collateral-dependent impaired loans    
Commercial$4,831 $— $4,831 $— 
Commercial real estate1,863 — 1,863 — 
Construction and development425 — 425 — 
Residential real estate692 — 566 126 
Total collateral-dependent impaired loans$7,811 $— $7,685 $126 
Property held for sale    
Commercial real estate$1,304 $— $1,304 $— 
Construction and development12,182 — 12,182 — 
Residential real estate705 — 705 — 
Total property held for sale$14,191 $— $14,191 $— 


The carrying values and estimated fair values of our financial instruments are summarized below:
 September 30, 2020Fair Value Measurements Using:
Dollars in thousandsCarrying
Value		Estimated
Fair
Value		Level 1Level 2Level 3
Financial assets    
Cash and cash equivalents$108,986 $108,986 $— $108,986 $— 
Securities available for sale297,989 297,989 — 297,989 — 
Securities held to maturity91,600 92,786 — 92,786 — 
Other investments10,766 10,766 — 10,766 — 
Loans held for sale, net2,538 2,538 — 2,538 — 
Loans, net2,222,450 2,228,148 — 8,407 2,219,741 
Accrued interest receivable10,978 10,978 — 10,978 — 
Derivative financial assets4,611 4,611 — 4,611 — 
     Cash surrender value of life insurance policies and annuities57,029 57,029 — 57,029 — 
 $2,806,947 $2,813,831 $— $594,090 $2,219,741 
Financial liabilities    
Deposits$2,451,891 $2,456,247 $— $2,456,247 $— 
Short-term borrowings140,145 140,145 — 140,145 — 
Long-term borrowings703 882 — 882 — 
Subordinated debentures29,336 29,336 — 29,336 — 
Subordinated debentures owed to unconsolidated
subsidiary trusts		19,589 19,589 — 19,589 — 
Accrued interest payable898 898 — 898 — 
Derivative financial liabilities3,067 3,067 — 3,067 — 
 $2,645,629 $2,650,164 $— $2,650,164 $— 
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14

 December 31, 2019Fair Value Measurements Using:
Dollars in thousandsCarrying
Value		Estimated
Fair
Value		Level 1Level 2Level 3
Financial assets    
Cash and cash equivalents$61,888 $61,888 $— $61,888 $— 
Securities available for sale276,355 276,355 — 276,355 — 
Other investments12,972 12,972 — 12,972 — 
Loans held for sale, net1,319 1,319 — 1,319 — 
Loans, net1,900,425 1,901,020 — 7,685 1,893,335 
Accrued interest receivable8,439 8,439 — 8,439 — 
Cash surrender value of life insurance policies43,603 43,603 — 43,603 — 
 $2,305,001 $2,305,596 $— $412,261 $1,893,335 
Financial liabilities    
Deposits$1,913,237 $1,918,610 $— $1,918,610 $— 
Short-term borrowings199,345 199,345 — 199,345 — 
Long-term borrowings717 854 — 854 — 
Subordinated debentures owed to unconsolidated
subsidiary trusts		19,589 19,589 — 19,589 — 
Accrued interest payable1,234 1,234 — 1,234 — 
Derivative financial liabilities988 988 — 988 — 
 $2,135,110 $2,140,620 $— $2,140,620 $— 


NOTE 4.  EARNINGS PER SHARE

The computations of basic and diluted earnings per share follow:
 For the Three Months Ended September 30,
 20202019
Dollars in thousands,except per share amountsNet Income
(Numerator)		Common
Shares
(Denominator)		Per
Share		Net Income
(Numerator)		Common
Shares
(Denominator)		Per
Share
Net income$9,620   $8,061   
Basic earnings per share$9,620 12,922,158 $0.74 $8,061 12,412,982 $0.65 
Effect of dilutive securities:  
Stock options4,182  4,654  
Stock appreciation rights (SARs)23,244 50,142 
Restricted stock units (RSUs)— — 
Diluted earnings per share$9,620 12,949,584 $0.74 $8,061 12,467,778 $0.65 
 For the Nine Months Ended September 30,
 20202019
Dollars in thousands,except per share amountsIncome
(Numerator)		Common
Shares
(Denominator)		Per
Share		Income
(Numerator)		Common
Shares
(Denominator)		Per
Share
Net income$21,075   $23,718   
Basic earnings per share$21,075 12,934,401 $1.63 $23,718 12,555,411 $1.89 
Effect of dilutive securities:   
Stock options4,308  5,006  
Stock appreciation rights (SARs)33,082 53,965 
Restricted stock units (RSUs)— — 
Diluted earnings per share$21,075 12,971,913 $1.62 $23,718 12,614,382 $1.88 

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15


Stock option and stock appreciation right (SAR) grants are disregarded in this computation if they are determined to be anti-dilutive.  All stock options were dilutive for the nine months ended September 30, 2020 and our anti-dilutive stock options for the quarter ended September 30, 2020 were 300 shares. Our anti-dilutive stock options for the three and nine months ended September 30, 2019 were 7,700 shares. Our anti-dilutive SARs for the three and nine months ended September 30, 2020 and September 30, 2019 were 222,740 and 84,615, respectively. Our anti-dilutive RSUs for the quarter and nine months ended September 30, 2020 were 15,082 and 13,780, respectively.

NOTE 5.  DEBT SECURITIES

Debt Securities Available for Sale: The amortized cost, unrealized gains, unrealized losses and estimated fair values of debt securities available for sale at September 30, 2020 and December 31, 2019 are summarized as follows:
 September 30, 2020
 AmortizedUnrealizedEstimated
Dollars in thousandsCostGainsLossesFair Value
Available for Sale (carried at estimated fair value)    
Taxable debt securities    
U.S. Government and agencies and corporations$36,818 $366 $418 $36,766 
Residential mortgage-backed securities:    
Government-sponsored agencies60,678 2,072 399 62,351 
Nongovernment-sponsored entities15,255 187 252 15,190 
State and political subdivisions    
General obligations12,756 749 — 13,505 
Water and sewer revenues9,602 667 — 10,269 
Lease revenues5,837 344 3 6,178 
Income tax revenues5,055 435 — 5,490 
Other revenues15,550 1,309 1 16,858 
Corporate debt securities26,438 42 524 25,956 
Asset-backed securities47,291 14 1,270 46,035 
Total taxable debt securities235,280 6,185 2,867 238,598 
Tax-exempt debt securities    
State and political subdivisions    
General obligations29,149 2,828 17 31,960 
Water and sewer revenues8,290 669 — 8,959 
Lease revenues7,283 743 — 8,026 
Other revenues9,725 733 12 10,446 
Total tax-exempt debt securities54,447 4,973 29 59,391 
Total available for sale securities$289,727 $11,158 $2,896 $297,989 

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 December 31, 2019
 AmortizedUnrealizedEstimated
Dollars in thousandsCostGainsLossesFair Value
Available for Sale (carried at estimated fair value)    
Taxable debt securities    
U.S. Government and agencies and corporations$21,036 $212 $384 $20,864 
Residential mortgage-backed securities:    
Government-sponsored agencies70,379 1,031 435 70,975 
Nongovernment-sponsored entities10,253 17 41 10,229 
State and political subdivisions    
General obligations12,603 25 171 12,457 
Water and sewer revenues7,170 71 114 7,127 
Lease revenues5,310 25 77 5,258 
University revenues5,917 164 16 6,065 
Other revenues18,831 344 109 19,066 
Corporate debt securities18,268 81 149 18,200 
          Asset-backed securities33,826 — 812 33,014 
Total taxable debt securities203,593 1,970 2,308 203,255 
Tax-exempt debt securities    
State and political subdivisions    
General obligations36,673 2,526 — 39,199 
Water and sewer revenues9,565 633 — 10,198 
Lease revenues8,455 598 — 9,053 
Other revenues13,929 728 7 14,650 
Total tax-exempt debt securities68,622 4,485 7 73,100 
Total available for sale securities$272,215 $6,455 $2,315 $276,355 


The below information is relative to the five states where issuers with the highest volume of state and political subdivision securities held in our available for sale portfolio are located.  We own no such securities of any single issuer which we deem to be a concentration.
 September 30, 2020
 AmortizedUnrealizedEstimated
Dollars in thousandsCostGainsLossesFair Value
California$15,323 $1,426 $— $16,749 
New York10,455 959 — 11,414 
Texas9,887 844 — 10,731 
Illinois9,248 636 18 9,866 
Florida8,497 669 — 9,166 

Management performs pre-purchase and ongoing analysis to confirm that all investment securities meet applicable credit quality standards.  

The maturities, amortized cost and estimated fair values of securities available for sale at September 30, 2020, are summarized as follows:
Dollars in thousandsAmortized
Cost		Estimated
Fair Value
Due in one year or less$32,295 $32,637 
Due from one to five years84,789 86,143 
Due from five to ten years67,999 68,841 
Due after ten years104,644 110,368 
Total$289,727 $297,989 



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The proceeds from sales, calls and maturities of securities available for sale, including principal payments received on mortgage-backed obligations, and the related gross gains and losses realized, for the nine months ended September 30, 2020 and 2019 are as follows:
 Proceeds fromGross realized
Dollars in thousandsSalesCalls and
Maturities		Principal
Payments		GainsLosses
For the Nine Months Ended 
 September 30,
2020
Securities available for sale$105,597 $2,810 $17,952 $2,560 $— 
2019
Securities available for sale$133,174 $1,766 $18,501 $1,867 $332 

Provided below is a summary of debt securities available for sale which were in an unrealized loss position at September 30, 2020 and December 31, 2019.
 September 30, 2020
 Less than 12 months12 months or moreTotal
Dollars in thousands# of securities in loss positionEstimated
Fair Value		Unrealized
Loss		Estimated
Fair Value		Unrealized
Loss		Estimated
Fair Value		Unrealized
Loss
Taxable debt securities      
U.S. Government agencies and corporations
34$15,995 $61 $12,427 $357 $28,422 $418 
Residential mortgage-backed securities:      
Government-sponsored agencies126,031 49 9,327 350 15,358 399 
Nongovernment-sponsored entities43,492 22 2,726 230 6,218 252 
State and political subdivisions:      
Lease revenues11,515 3 — — 1,515 3 
Other revenues11,513 1 — — 1,513 1 
Corporate debt securities108,381 410 1,886 114 10,267 524 
Asset-backed securities2111,391 204 31,930 1,066 43,321 1,270 
Tax-exempt debt securities      
State and political subdivisions:      
General obligations1972 17 — — 972 17 
Other revenues1145 12 — — 145 12 
Total85$49,435 $779 $58,296 $2,117 $107,731 $2,896 




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 December 31, 2019
 Less than 12 months12 months or moreTotal
Dollars in thousands# of securities in loss positionEstimated
Fair Value		Unrealized
Loss		Estimated
Fair Value		Unrealized
Loss		Estimated
Fair Value		Unrealized
Loss
Taxable debt securities      
U.S. Government agencies and
corporations		15$— $— $14,903 $384 $14,903 $384 
Residential mortgage-backed securities:      
Government-sponsored agencies2112,298 96 15,174 339 27,472 435 
Nongovernment-sponsored entities48,323 41 — — 8,323 41 
State and political subdivisions:      
General obligations1010,581 171 — — 10,581 171 
Water and sewer revenues44,421 114 — — 4,421 114 
Lease revenues44,235 77 — — 4,235 77 
University revenues11,307 16 — — 1,307 16 
Other revenues66,517 109 — — 6,517 109 
Corporate debt securities61,686 3 3,739 146 5,425 149 
   Asset-backed securities153,441 34 29,573 778 33,014 812 
Tax-exempt debt securities      
State and political subdivisions:      
Other revenues21,183 7 — — 1,183 7 
Total88$53,992 $668 $63,389 $1,647 $117,381 $2,315 

We do not intend to sell the above securities, and it is more likely than not that we will not be required to sell these securities before recovery of their amortized cost bases.  We believe that this decline in value is primarily attributable to changes in market interest rates, and in some cases limited market liquidity and is not due to credit quality as none of these securities are in default and all carry above investment grade ratings. Accordingly, no allowance for credit losses has been recognized relative to these securities.

Debt Securities Held to Maturity: The amortized cost, unrealized gains, unrealized losses and estimated fair values of debt securities held to maturity at September 30, 2020 are summarized as follows:

 September 30, 2020
 AmortizedUnrealizedEstimated
Dollars in thousandsCostGainsLossesFair Value
Held to Maturity (carried at amortized cost)    
Tax-exempt debt securities    
State and political subdivisions    
General obligations$69,731 $1,081 $37 $70,775 
Water and sewer revenues7,181 104 8 7,277 
Sales tax revenues4,665 28 45 4,648 
Other revenues10,023 154 91 10,086 
Total tax-exempt debt securities91,600 1,367 181 92,786 
Total$91,600 $1,367 $181 $92,786 

The below information is relative to the five states where issuers with the highest volume of state and political subdivision securities held in our held to maturity portfolio are located.  We own no such securities of any single issuer which we deem to be a concentration.

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September 30, 2020
AmortizedUnrealizedEstimated
Dollars in thousandsCostGainsLossesFair Value
Texas$14,528 $182 $— $14,710 
California10,132 216 8 10,340 
Pennsylvania8,823 41 8 8,856 
Michigan7,191 25 43 7,173 
Nevada6,976 — 6 6,970 

The maturities, amortized cost and estimated fair values of held to maturity securities at September 30, 2020, are summarized as follows:
Dollars in thousandsAmortized
Cost		Estimated
Fair Value
Due in one year or less$— $— 
Due from one to five years— — 
Due from five to ten years2,048 2,090 
Due after ten years89,552 90,696 
Held to Maturity$91,600 $92,786 

The proceeds from sales, calls and maturities of held to maturity securities, including principal payments received on mortgage-backed obligations, and the related gross gains and losses realized, for the nine months ended September 30, 2020 are as follows:

 Proceeds fromGross realized
Dollars in thousandsSalesCalls and
Maturities		Principal
Payments		GainsLosses
For the Nine Months Ended 
 September 30,
2020
Securities held to maturity$— $1,000 $— $— $— 

In accordance with ASC 326, an allowance for credit losses on held to maturity securities is a contra-asset valuation account, that is deducted from the amortized cost basis of securities carried at amortized cost to present management's best estimate of the net amount expected to be collected. Held to maturity securities are charged-off against the allowance when deemed uncollectible by management. Adjustments to the allowance are reported in our income statement as a component of the provision for credit losses. Management measures expected credit losses on held to maturity securities on a collective basis by major security type with each type sharing similar risk characteristics, and considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Management has made the accounting policy election to exclude accrued interest receivable on held to maturity securities from the estimate of credit losses. At September 30, 2020, no allowance for credit losses on held to maturity securities has been recognized.


NOTE 6.  LOANS AND ALLOWANCE FOR CREDIT LOSSES FOR LOANS

Loans are generally stated at the amount of unpaid principal, reduced by unearned discount and the ACLL. Interest on loans is accrued daily on the outstanding balances.  Loan origination fees and certain direct loan origination costs are deferred and amortized as adjustments of the related loan yield over its contractual life.

Generally, loans are placed on nonaccrual status when principal or interest is greater than 90 days past due based upon the loan's contractual terms. Interest on nonaccrual loans is recognized primarily using the cost-recovery method.  Loans may be returned to accrual status when repayment is reasonably assured and there has been demonstrated performance under the terms of the loan or, if applicable, the terms of the restructured loans.

Commercial-related loans or portions thereof are charged off to the ACLL when the loss has been confirmed.  This determination is made on a case by case basis considering many factors, including the prioritization of our claim in bankruptcy, expectations of the workout/restructuring of the loan and valuation of the borrower’s equity.  We deem a loss confirmed when a
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loan or a portion of a loan is classified “loss” in accordance with bank regulatory classification guidelines, which state, “Assets classified loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted”.
 
Consumer-related loans are generally charged to the ACLL upon reaching specified stages of delinquency, in accordance with the Federal Financial Institutions Examination Council policy.  For example, credit card loans are charged off by the end of the month in which the account becomes 180 days past due or within 60 days from receiving notification about a specified event (e.g., bankruptcy of the borrower), whichever is earlier.  Residential mortgage loans are generally charged off to net realizable value no later than when the account becomes 180 days past due.  Other consumer loans, if collateralized, are generally charged down to net realizable value at 120 days past due.
The following table presents the amortized cost of loans held for investment:
Dollars in thousandsSeptember 30,
2020		December 31,
2019
Commercial$350,985 $220,452 
Commercial real estate - owner occupied  
Professional & medical94,635 81,973 
Retail100,926 100,993 
Other116,941 93,253 
Commercial real estate - non-owner occupied
Hotels & motels120,324 128,665 
Mini-storage57,601 50,913 
Multifamily152,561 164,398 
Retail108,326 102,989 
Other179,812 182,242 
Construction and development  
Land & land development97,343 84,112 
Construction66,878 37,523 
Residential 1-4 family real estate  
Personal residence263,315 260,843 
Rental - small loan104,694 101,080 
Rental - large loan73,836 63,986 
Home equity82,991 76,568 
Mortgage warehouse lines243,730 126,237 
Consumer34,655 35,021 
Other
Credit cards1,637 1,453 
Overdrafts614 798 
Total loans, net of unearned fees2,251,804 1,913,499 
Less allowance for credit losses - loans29,354 13,074 
Loans, net$2,222,450 $1,900,425 

Allowance for Credit Losses - Loans
The ACLL is a valuation allowance, estimated at each balance sheet date in accordance with ASC 326, that is deducted from the amortized cost basis of loans to present the net amount expected to be collected. The amount of the ACLL represents our best estimate of current expected credit losses on loans considering available information, from internal and external sources, relevant to assessing collectability over the loans’ contractual terms, adjusted for expected prepayments when appropriate (the “life-of-loan” concept). The contractual term excludes expected extensions, renewals and modifications unless (i) management has a reasonable expectation that a troubled debt restructuring will be executed with an individual borrower or (ii) such extension or renewal options are not unconditionally cancellable by us and, in such cases, the borrower is likely to meet applicable conditions and likely to request extension or renewal. Relevant available information includes historical credit loss experience, current conditions and reasonable and supportable forecasts. While historical credit loss experience provides the basis for the estimation of expected credit losses, adjustments to historical loss information may be made for differences in current portfolio-specific risk characteristics, environmental conditions or other relevant factors. The ACLL losses is measured on a collective basis for portfolios of loans when similar risk characteristics exist. Loans that do not share risk characteristics are evaluated for expected credit losses on an individual basis and excluded from the collective evaluation. Expected credit losses for collateral dependent loans, including loans where the borrower is experiencing financial difficulty, but foreclosure is not probable, are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate.
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Expected credit losses are reflected in the ACLL through a charge to provision for credit losses. When we deem all or a portion of a financial asset to be uncollectible the appropriate amount is written off and the ACLL is reduced by the same amount. The Company applies judgment to determine when a financial asset is deemed uncollectible; however, generally speaking, an asset will be considered uncollectible no later than when all efforts at collection have been exhausted. Subsequent recoveries, if any, are credited to the ACLL when received.
Loan Pools. In calculating the ACLL, most loans are segmented into pools based upon similar characteristics and risk profiles. Common characteristics and risk profiles include the type/purpose of loan, underlying collateral, geographical similarity and historical/expected credit loss patterns. In developing these loan pools for the purposes of modeling expected credit losses, we also analyzed the degree of correlation in how loans within each portfolio respond when subjected to varying economic conditions and scenarios as well as other portfolio stress factors. We have identified the pools of financial assets with similar risk characteristics for measuring expected credit losses as presented in the table of amortized cost of loans held for investment above.
We periodically reassess each pool to ensure the loans within the pool continue to share similar characteristics and risk profiles and to determine whether further segmentation is necessary.

Residential 1-4 family rentals are classified as small loan if the original loan amount is less than $600,000 and classified as large loan if the original loan amount equals or exceeds $600,000.

The Company’s methodology for estimating the ACLL considers available relevant information about the collectability of cash flows, including information about past events, current conditions, and reasonable and supportable forecasts. The methodology applies historical loss information, adjusted for asset-specific characteristics, economic conditions at the measurement date, and forecasts about future economic conditions expected to exist through the contractual lives of the financial assets that are reasonable and supportable, to the identified pools of financial assets with similar risk characteristics for which the historical loss experience was observed. Our methodology reverts to historical loss information immediately when it can no longer develop reasonable and supportable forecasts.

Loss-Rate Method. We use a loss-rate (“cohort”) method to estimate expected credit losses for all loan pools. The cohort method identifies and captures the balances of pooled loans with similar risk characteristics, as of a point in time to form a cohort, then tracks the respective losses generated by that cohort of loans over their remaining lives, or until the loans are “exhausted” (reached an acceptable stage at which a significant majority of all losses are expected to have been recognized). This method encompasses loan balances for as long as the loans are outstanding, so while significant history is required to represent the life-of-loan concept, this method does not require as much history due to its inclusion of loan balances in multiple cohort periods.
Qualitative Factors. We qualitatively adjust our loan loss rates for risk factors that are not otherwise considered within our model but are nonetheless relevant in assessing the expected credit losses within our loan pools. These qualitative factor (“Q-Factor”) adjustments may increase or decrease our estimate of expected credit losses by a calculated percentage or amount based upon the estimated level of risk.
One Q-Factor adjustment to our loss rates is consideration of reasonable and supportable forecasts of economic conditions. In arriving at a reasonable and supportable economic forecast, we primarily consider the forecasted unemployment rates for the U.S., West Virginia and Virginia as loss drivers for each segmented loan pool. Secondarily, we consider the following forecasted economic data for one or more of our segmented loan pools depending on the nature of the underlying loan pool: housing price indices (U.S., West Virginia & Virginia), single-family housing starts (West Virginia & Virginia), multi-family housing starts (West Virginia & Virginia), personal income growth (U.S., West Virginia & Virginia), U.S. consumer confidence, rental vacancy rates (U.S.), and U.S. % change in gross domestic product.
Other risks that we may consider in making Q-Factor adjustments include, among other things, the impact of (i) changes in lending policies and procedures, including changes in underwriting standards and practices for collections, write-offs, and recoveries, (ii) changes in the nature and volume of the loan pools and in the terms of the underlying loans, (iii) changes in the experience, ability, and depth of our lending management and staff, (iv) changes in volume and severity of past due financial assets, the volume of non-accrual assets, and the volume and severity of adversely classified or graded assets, (v) changes in the quality of our credit review function, (vi) changes in the value of the underlying collateral for loans that are non-collateral dependent, (vii) the existence, growth, and effect of any concentrations of credit and (viii) other external factors such as the regulatory, legal and technological environments; competition; and events such as natural disasters or health pandemics.

Collateral Dependent Loans. We may determine that an individual loan exhibits unique risk characteristics which differentiate it from other loans within our loan pools. In such cases, the loans are evaluated for expected credit losses on an individual basis
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and excluded from the collective evaluation. Specific allocations of the allowance for credit losses are determined by analyzing the borrower’s ability to repay amounts owed, collateral deficiencies, the relative risk grade of the loan and economic conditions affecting the borrower’s industry, among other things. A loan is considered to be collateral dependent when, based upon management's assessment, the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. In such cases, expected credit losses are based on the fair value of the collateral at the measurement date, adjusted for estimated selling costs if satisfaction of the loan depends on the sale of the collateral. We reevaluate the fair value of collateral supporting collateral dependent loans on a quarterly basis. The fair value of real estate collateral supporting collateral dependent loans is evaluated by appraisal services using a methodology that is consistent with the Uniform Standards of Professional Appraisal Practice.

Troubled Debt Restructuring. A loan that has been modified or renewed is considered a troubled debt restructuring (“TDR”) when two conditions are met: 1) the borrower is experiencing financial difficulty and 2) concessions are made for the borrower's benefit that would not otherwise be considered for a borrower or transaction with similar credit risk characteristics. The Company’s ACLL reflects all effects of a TDR when an individual asset is specifically identified as a reasonably expected TDR. The Company has determined that a TDR is reasonably expected no later than the point when the lender concludes that modification is the best course of action and it is at least reasonably possible that the troubled borrower will accept some form of concession from the lender to avoid a default. TDRs that are considered material ($500,000 and greater) are evaluated individually to determine the required ACLL. TDRs that are not considered material may be included in the Company’s existing pools based on the underlying risk characteristics of the loan to measure the ACLL.

The following table presents the activity in the ACLL by portfolio segment during the first nine months of 2020:
For the Nine Months Ended September 30, 2020
Allowance for Credit Losses - Loans
Dollars in thousandsBeginning
Balance
Prior to
Adoption of
ASC 326		Impact of
Adoption
of ASC
326		Provision
for
Credit
Losses -
Loans
Adjustment
for PCD
Acquired
Loans		Charge-
offs		RecoveriesEnding
Balance
Commercial$1,221 $1,064 $662 $— $(99)$27 $2,875 
Commercial real estate - owner occupied
  Professional & medical
1,058 (390)1,209 — (1,005)— 872 
  Retail
820 (272)2,285 153 — 162 3,148 
  Other821 (137)(6)— — — 678 
Commercial real estate - non-owner occupied
  Hotels & motels
1,235 (936)1,833 — — — 2,132 
  Mini-storage
485 (311)58 — — — 232 
  Multifamily
1,534 8 (900)— — 38 680 
  Retail
964 279 403 — (343)2 1,305 
  Other
1,721 (1,394)600 — — — 927 
Construction and development
  Land & land development
600 2,136 1,334 111 (4)39 4,216 
  Construction242 996 2,150 — — — 3,388 
Residential 1-4 family real estate
  Personal residence1,275 1,282 (35)146 (45)49 2,672 
  Rental - small loan532 1,453 283 — (123)127 2,272 
  Rental - large loan49 2,884 (317)— — — 2,616 
  Home equity138 308 499 — (23)39 961 
Mortgage warehouse lines
— — — — — — — 
Consumer379 (238)194 — (212)101 224 
Other
  Credit cards— 12 28 — (33)9 16 
  Overdrafts— 182 128 — (288)118 140 
Total
$13,074 $6,926 $10,408 $410 $(2,175)$711 $29,354 

The following table presents, as of September 30, 2020 segregated by loan portfolio segment, details of the loan portfolio and the ACLL calculated in accordance with our credit loss accounting methodology for loans described above.
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September 30, 2020
Loan BalancesAllowance for Credit Losses - Loans
Dollars in thousandsLoans Individually Evaluated
Loans Collectively Evaluated (1)
TotalLoans Individually EvaluatedLoans Collectively EvaluatedTotal
Commercial$4,242 $346,743 $350,985 $20 $2,855 $2,875 
Commercial real estate - owner occupied
  Professional & medical2,197 92,438 94,635 230 642 872 
  Retail16,220 84,706 100,926 2,142 1,006 3,148 
  Other— 116,941 116,941 — 678 678 
Commercial real estate - non-owner occupied
  Hotels & motels— 120,324 120,324 — 2,132 2,132 
  Mini-storage— 57,601 57,601 — 232 232 
  Multifamily— 152,561 152,561 — 680 680 
  Retail2,507 105,819 108,326 57 1,248 1,305 
  Other5,229 174,583 179,812 — 927 927 
Construction and development
  Land & land development1,621 95,722 97,343 640 3,576 4,216 
  Construction— 66,878 66,878 — 3,388 3,388 
Residential 1-4 family real estate
  Personal residence— 263,315 263,315 — 2,672 2,672 
  Rental - small loan726 103,968 104,694 44 2,228 2,272 
  Rental - large loan4,445 69,391 73,836 — 2,616 2,616 
  Home equity523 82,468 82,991 — 961 961 
Consumer— 34,655 34,655 — 224 224 
Other
Credit cards— 1,637 1,637 — 16 16 
Overdrafts— 614 614 — 140 140 
Mortgage warehouse lines— 243,730 243,730 — — — 
             Total$37,710 $2,214,094 $2,251,804 $3,133 $26,221 $29,354 

(1) Included in the loans collectively evaluated are $106.4 million in fully guaranteed or cash secured loans, which are excluded from the pools collectively evaluated and carry no reserve.


The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses, and the related ACLL allocated to those loans:
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September 30, 2020
Dollars in thousandsReal Estate
Secured
Loans		Non-Real Estate
Secured Loans		Total LoansAllowance for Credit Losses
- Loans
Commercial$— $4,243 $4,243 $20 
Commercial real estate - owner occupied
  Professional & medical— — — — 
  Retail11,937 — 11,937 2,142 
  Other— — — — 
Commercial real estate - non-owner occupied
  Hotels & motels— — — — 
  Mini-storage— — — — 
  Multifamily— — — — 
  Retail653 — 653 57 
  Other2,890 — 2,890 — 
Construction and development
  Land & land development995 — 995 640 
  Construction— — — — 
Residential 1-4 family real estate
  Personal residence— — — — 
  Rental - small loan726 — 726 44 
  Rental - large loan4,444 — 4,444 — 
  Home equity— — — — 
Consumer— — — — 
Other
Credit cards— — — — 
Overdrafts— — — — 
             Total$21,645 $4,243 $25,888 $2,903 


The following table presents the activity in the ACLL by portfolio segment for the year ended December 31, 2019, as determined in accordance with ASC 310 prior to the January 1, 2020 adoption of ASC 326:
For the Year Ended December 31, 2019
Allowance for Credit Losses - Loans
Dollars in thousandsBeginning
Balance		Charge-
offs		RecoveriesProvisionEnding
Balance
Commercial$1,705 $(281)$17 $(295)$1,146 
Commercial real estate
Owner occupied2,214 (2)21 467 2,700 
Non-owner occupied
5,742 (170)1 366 5,939 
Construction and development
   Land & land development
339 (2)108 155 600 
Construction64 — — 178 242 
Residential real estate
Non-jumbo2,090 (979)125 576 1,812 
Jumbo379 — — (368)11 
Home equity167 (24)19 (24)138 
Mortgage warehouse lines
— — — — — 
Consumer79 (285)168 173 135 
Other268 (360)121 322 351 
Total
$13,047 $(2,103)$580 $1,550 $13,074 
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The following table presents the contractual aging of the amortized cost basis of past due loans by class as of September 30, 2020 and December 31, 2019.
 At September 30, 2020
 Past Due 90 days or more and Accruing
Dollars in thousands30-59 days60-89 days90 days or moreTotalCurrent
Commercial$160 $42 $412 $614 $350,371 $— 
Commercial real estate - owner occupied      
  Professional & medical116 — 453 569 94,066 — 
  Retail307 591 2,445 3,343 97,583 — 
  Other— — 149 149 116,792 — 
Commercial real estate - non-owner occupied
  Hotels & motels— — — — 120,324 — 
  Mini-storage— — — — 57,601 — 
  Multifamily— 417 — 417 152,144 — 
  Retail— — 821 821 107,505 — 
  Other— 310 53 363 179,449 — 
Construction and development      
  Land & land development93 329 2 424 96,919 — 
  Construction— — — — 66,878 — 
Residential 1-4 family real estate      
  Personal residence3,062 579 1,112 4,753 258,562 — 
  Rental - small loan243 — 794 1,037 103,657 — 
  Rental - large loan— — 1,127 1,127 72,709 — 
  Home equity516 156 137 809 82,182 — 
Mortgage warehouse lines— — — — 243,730 — 
Consumer128 32 27 187 34,468 — 
Other
Credit cards1 — 2 3 1,634 2 
Overdrafts— — — — 614 — 
Total$4,626 $2,456 $7,534 $14,616 $2,237,188 $2 
 
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 At December 31, 2019
 Past Due 90 days or more and Accruing
Dollars in thousands30-59 days60-89 days90 days or moreTotalCurrent
Commercial$216 $— $483 $699 $219,753 $— 
Commercial real estate - owner occupied      
  Professional & medical— 137 1,602 1,739 80,234 — 
  Retail118 — 2,434 2,552 98,441 — 
  Other— — — — 93,253 — 
Commercial real estate - non-owner occupied
  Hotels & motels— — — — 128,665 — 
  Mini-storage— — — — 50,913 — 
  Multifamily809 — 7 816 163,582 — 
  Retail71 179 968 1,218 101,771 — 
  Other— — 387 387 181,855 — 
Construction and development     
  Land & land development208 28 188 424 83,688 — 
  Construction— — 138 138 37,385 — 
Residential 1-4 family real estate      
  Personal residence3,361 806 937 5,104 255,739 — 
  Rental - small loan810 21 940 1,771 99,309 — 
  Rental - large loan— — — — 63,986 — 
  Home equity760 — 223 983 75,585 — 
Mortgage warehouse lines— — — — 126,237 — 
Consumer190 79 70 339 34,682 — 
Other
Credit cards19 6 42 67 1,386 42 
Overdrafts— — — — 798 — 
Total$6,562 $1,256 $8,419 $16,237 $1,897,262 $42 

Nonaccrual loans:  The following table presents the nonaccrual loans included in the net balance of loans at September 30, 2020 and December 31, 2019.
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27

September 30,December 31,
20202019
Dollars in thousandsNonaccrualNonaccrual
with No
Allowance for
Credit Losses
- Loans		NonaccrualNonaccrual
with No
Allowance for
Credit Losses
- Loans
Commercial$553 $— $864 $76 
Commercial real estate - owner occupied  
  Professional & medical453 — 1,602 — 
  Retail2,551 2,268 2,552 2,262 
  Other383 — 43 — 
Commercial real estate - non-owner occupied
  Hotels & motels— — — — 
  Mini-storage52 — 57 — 
  Multifamily— — 38 31 
  Retail821 168 1,120 527 
  Other53 — 388 40 
Construction and development  
  Land & land development2 — 188 — 
  Construction— — 138 — 
Residential 1-4 family real estate  
  Personal residence2,093 — 2,485 423 
  Rental - small loan1,702 105 1,635 150 
  Rental - large loan1,127 1,127 — — 
  Home equity182 — 284 — 
Mortgage warehouse lines— — — — 
Consumer29 — 74 — 
Other
Credit cards— — — — 
Overdrafts— — — — 
Total$10,001 $3,668 $11,468 $3,509 
 
Credit Quality Indicators: We categorize loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. We analyze loans individually by classifying the loans as to credit risk.  We internally grade all commercial loans at the time of loan origination. In addition, we perform an annual loan review on all non-homogenous commercial loan relationships with an aggregate exposure of $5.0 million, at which time these loans are re-graded. We use the following definitions for our risk grades:

Pass: Loans graded as Pass are loans to borrowers of acceptable credit quality and risk. They are higher quality loans that do not fit any of the other categories described below.

OLEM (Special Mention):  Commercial loans categorized as OLEM are potentially weak. The credit risk may be relatively minor yet represent a risk given certain specific circumstances. If the potential weaknesses are not monitored or mitigated, the asset may weaken or inadequately protect our position in the future.

Substandard:   Commercial loans categorized as Substandard are inadequately protected by the borrower’s ability to repay, equity and/or the collateral pledged to secure the loan. These loans have identified weaknesses that could hinder normal repayment or collection of the debt. These loans are characterized by the distinct possibility that we will sustain some loss if the identified weaknesses are not mitigated.

Doubtful:  Commercial loans categorized as Doubtful have all the weaknesses inherent in those loans classified as Substandard, with the added elements that the full collection of the loan is improbable and the possibility of loss is high.

Loss:  Loans classified as loss are considered to be non-collectible and of such little value that their continuance as a bankable asset is not warranted. This does not mean that the loan has absolutely no recovery value, but rather it is neither practical nor desirable to defer writing off the loan, even though partial recovery may be obtained in the future.
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Management considers the guidance in ASC 310-20 when determining whether a modification, extension, or renewal of loan constitutes a current period origination. Generally, current period renewals of credit are reunderwritten at the point of renewal and considered current period originations for purposes of the table below. As of September 30, 2020, based on the most recent analysis performed, the risk category of loans based on year of origination is as follows:
September 30, 2020
Dollars in thousandsRisk Rating20202019201820172016PriorRevolvi-
ng		Revolving- TermTotal
CommercialPass$152,812 $51,021 $23,084 $20,745 $13,647 $14,098 $67,155 $— $342,562 
Special Mention10 40 1,959 81 90 918 558 — 3,656 
Substandard1,039 191 198 46 41 89 3,163 — 4,767 
Total Commercial153,861 51,252 25,241 20,872 13,778 15,105 70,876 — 350,985 
Commercial Real Estate
- Owner Occupied
Professional & medicalPass7,435 14,460 2,580 27,117 3,370 30,154 2,689 — 87,805 
Special Mention 1,178 — — — — 5,199 — — 6,377 
Substandard— 320 — — 133 — — — 453 
Total Professional & Medical8,613 14,780 2,580 27,117 3,503 35,353 2,689 — 94,635 
RetailPass4,691 28,183 5,222 10,721 6,040 28,879 2,236 — 85,972 
Special Mention— 1,239 — 591 6 848 50 — 2,734 
Substandard— 9,669 — — — 2,551 — — 12,220 
Total Retail4,691 39,091 5,222 11,312 6,046 32,278 2,286 — 100,926 
OtherPass24,437 15,558 16,567 9,539 13,284 34,420 1,635 — 115,440 
Special Mention— — — — — 760 — — 760 
Substandard— — — 358 — 342 41 — 741 
Total Other24,437 15,558 16,567 9,897 13,284 35,522 1,676 — 116,941 
Total Commercial Real Estate -
Owner Occupied		37,741 69,429 24,369 48,326 22,833 103,153 6,651 — 312,502 
Commercial Real Estate
- Non-Owner Occupied
Hotels & motelsPass3,457 61,244 15,796 9,901 10,417 14,692 4,817 — 120,324 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total Hotels & Motels3,457 61,244 15,796 9,901 10,417 14,692 4,817 — 120,324 
Mini-storagePass6,200 19,974 14,971 4,029 7,239 4,869 267 — 57,549 
Special Mention— — — — — 52 — — 52 
Substandard— — — — — — — — — 
Total Mini-storage6,200 19,974 14,971 4,029 7,239 4,921 267 — 57,601 
MultifamilyPass17,022 26,957 26,917 18,556 11,271 49,091 2,648 — 152,462 
Special Mention— — — — — 99 — — 99 
Substandard— — — — — — — — — 
Total Multifamily17,022 26,957 26,917 18,556 11,271 49,190 2,648 — 152,561 
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29

September 30, 2020
Dollars in thousandsRisk Rating20202019201820172016PriorRevolvi-
ng		Revolving- TermTotal
RetailPass13,044 23,808 9,980 8,399 5,410 40,150 6,158 — 106,949 
Special Mention— — — 168 — 556 — — 724 
Substandard— — — — — 653 — — 653 
Total Retail13,044 23,808 9,980 8,567 5,410 41,359 6,158 — 108,326 
OtherPass34,265 20,985 51,645 11,077 27,276 29,466 1,697 — 176,411 
Special Mention— — — — — 458 — — 458 
Substandard— — — — — 2,943 — — 2,943 
Total Other34,265 20,985 51,645 11,077 27,276 32,867 1,697 — 179,812 
Total Commercial Real Estate -
Non-Owner Occupied		73,988 152,968 119,309 52,130 61,613 143,029 15,587 — 618,624 
Construction and Development
Land & land developmentPass12,711 29,048 10,899 4,844 6,709 22,665 8,361 — 95,237 
Special Mention— — 13 — — 955 — — 968 
Substandard— — 6 — 14 1,118 — — 1,138 
Total Land & land development12,711 29,048 10,918 4,844 6,723 24,738 8,361 — 97,343 
ConstructionPass31,366 30,661 1,959 895 — — 1,997 — 66,878 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total Construction31,366 30,661 1,959 895 — — 1,997 — 66,878 
Total Construction and
Development		44,077 59,709 12,877 5,739 6,723 24,738 10,358 — 164,221 
Residential 1-4 Family Real Estate
Personal residencePass28,233 28,257 25,264 19,494 22,875 117,412 — — 241,535 
Special Mention— 187 63 352 76 12,908 — — 13,586 
Substandard— 46 463 213 186 7,286 — — 8,194 
Total Personal Residence28,233 28,490 25,790 20,059 23,137 137,606 — — 263,315 
Rental - small loanPass15,175 15,938 12,684 11,630 10,586 28,501 4,570 — 99,084 
Special Mention111 491 251 3 196 1,789 163 — 3,004 
Substandard— — — — 45 2,561 — — 2,606 
Total Rental - Small Loan15,286 16,429 12,935 11,633 10,827 32,851 4,733 — 104,694 
Rental - large loanPass13,396 6,089 10,906 5,423 8,317 21,491 2,306 — 67,928 
Special Mention— 1,430 — — — 33 — — 1,463 
Substandard— — — — 1,127 3,318 — — 4,445 
Total Rental - Large Loan13,396 7,519 10,906 5,423 9,444 24,842 2,306 — 73,836 
Home equityPass131 — 90 46 266 1,434 78,799 — 80,766 
Special Mention— — — 40 — 162 1,426 — 1,628 
Substandard— — — — — 355 242 — 597 
Total Home Equity131 — 90 86 266 1,951 80,467 — 82,991 
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30

September 30, 2020
Dollars in thousandsRisk Rating20202019201820172016PriorRevolvi-
ng		Revolving- TermTotal
Total Residential 1-4 Family Real
Estate		57,046 52,438 49,721 37,201 43,674 197,250 87,506 — 524,836 
Mortgage warehouse linesPass— — — — — — 243,730 — 243,730 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total Mortgage Warehouse Lines— — — — — — 243,730 — 243,730 
ConsumerPass10,441 10,748 5,139 1,977 1,432 1,679 862 — 32,278 
Special Mention789 549 270 170 81 62 17 — 1,938 
Substandard178 132 22 15 59 5 28 — 439 
Total Consumer11,408 11,429 5,431 2,162 1,572 1,746 907 — 34,655 
Other
Credit cardsPass1,637 — — — — — — — 1,637 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total Credit Cards1,637 — — — — — — — 1,637 
OverdraftsPass614 — — — — — — — 614 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total Overdrafts614 — — — — — — — 614 
Total Other2,251 — — — — — — — 2,251 
Total$380,372 $397,225 $236,948 $166,430 $150,193 $485,021 $435,615 $— $2,251,804 

At September 30, 2020, we had TDRs of $25.2 million, of which $21.3 million were current with respect to restructured contractual payments. At December 31, 2019, our TDRs totaled $25.7 million, of which $22.9 million were current with respect to restructured contractual payments.  There were no commitments to lend additional funds under these restructurings at either balance sheet date.

The following table presents by class the TDRs that were restructured during the three and nine months ended September 30, 2020 and September 30, 2019. Generally, the modifications were extensions of term, modifying the payment terms from principal and interest to interest only for an extended period, or reduction in interest rate.  TDRs are evaluated individually for allowance for credit loss purposes if the loan balance exceeds $500,000, otherwise, smaller balance TDR loans are included in the pools to determine ACLL.

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For the Three Months Ended 
 September 30, 2020		For the Three Months Ended 
 September 30, 2019
Dollars in thousandsNumber of
Modifications		Pre-
modification
Recorded
Investment		Post-
modification
Recorded
Investment		Number of
Modifications		Pre-
modification
Recorded
Investment		Post-
modification
Recorded
Investment
Residential 1-4 family real estate
  Personal residence1 $48 $48 — — — 
  Rental - small loan1 399 399 — — — 
Total2 $447 $447 — $— $— 


For the Nine Months Ended 
 September 30, 2020		For the Nine Months Ended 
 September 30, 2019
Dollars in thousandsNumber of
Modifications		Pre-modification
Recorded
Investment		Post-modification
Recorded
Investment		Number of
Modifications		Pre-modification
Recorded
Investment		Post-modification
Recorded
Investment
Commercial real estate - owner occupied
  Other
1 $361 $361 1 $325 $325 
Commercial real estate - non-owner occupied
  Multifamily
— — — 1 35 35 
  Retail
— — — 2 162 162 
  Other
— — — 1 127 127 
Residential 1-4 family real estate
  Personal residence
1 48 48 3 151 151 
  Rental - small loan
1 399 399 4 259 259 
Consumer— — — 1 16 16 
Total3 $808 $808 13 $1,075 $1,075 


The following tables present defaults during the stated period of TDRs that were restructured during the prior 12 months. For purposes of these tables, a default is considered as either the loan was past due 30 days or more at any time during the period, or the loan was fully or partially charged off during the period.
For the Three Months Ended 
 September 30, 2020		For the Three Months Ended 
 September 30, 2019
Dollars in thousandsNumber
of
Defaults		Recorded
Investment
at Default Date		Number
of
Defaults		Recorded
Investment
at Default Date
Commercial real estate - owner occupied
  Other1 $361 — $— 
Commercial real estate - non-owner occupied
  Other— — 1 126 
Residential 1-4 family real estate
   Personal residence1 49 2 122 
   Rental - small loan— — 1 52 
Total2$410 4 $300 

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For the Nine Months Ended 
 September 30, 2020		For the Nine Months Ended 
 September 30, 2019
Dollars in thousandsNumber
of
Defaults		Recorded
Investment
at Default Date		Number
of
Defaults		Recorded
Investment
at Default Date
Commercial real estate - owner occupied
Other1 $361 — $— 
Commercial real estate - non-owner occupied
Other— — 1 126 
Residential 1-4 family real estate
Personal residence1 49 2 122 
Rental - small loan— — 1 52 
Total2 $410 4 $300 

As of September 30, 2020, we had loans modifications to interest only or principal and interest deferrals on outstanding loan balances of $117.7 million in connection with the COVID-19 relief provided by the CARES Act. These modifications and deferrals were not considered troubled debt restructurings as permitted by provisions in the CARES Act.

On January 1, 2020, we purchased loans, for which there was, at the time of acquisition, more than significant deterioration of credit quality since origination (PCD loans). The carrying amount of these loans at acquisition is as follows:
Dollars in thousandsJanuary 1, 2020
Purchase price of PCD loans at acquisition$1,877 
Allowance for credit losses - loans at acquisition
410 
Non-credit discount at acquisition159 
Par value of PCD loans at acquisition1,308 

NOTE 7.  GOODWILL AND OTHER INTANGIBLE ASSETS

During first quarter 2020, we evaluated recent potential triggering events that might be indicators that our goodwill was impaired. The events include, among others, the economic disruption and uncertainty surrounding the COVID-19 pandemic. We determined that there were no indicators of impairment noted as of March 31, 2020.

The following tables present our goodwill activity for the quarter ending September 30, 2020 and the balance of other intangible assets at September 30, 2020 and December 31, 2019.
 
Dollars in thousandsGoodwill Activity
Balance, January 1, 2020$12,658 
Reclassifications to goodwill— 
Acquired goodwill25,487 
Balance, September 30, 2020$38,145 
 Other Intangible Assets
Dollars in thousandsSeptember 30, 2020December 31, 2019
Identifiable intangible assets  
Gross carrying amount$15,569 $14,727 
Less: accumulated amortization
(5,613)(4,363)
Net carrying amount$9,956 $10,364 

We recorded amortization expense of $412,000 and $1,251,000 for the three and nine months ended September 30, 2020 and $404,000 and $1,300,000 for the three and nine months ended September 30, 2019, relative to our identifiable intangible assets.  

Amortization relative to our identifiable intangible assets is expected to approximate the following during the next five years and thereafter:
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Core Deposit
Dollars in thousandsIntangible
Three month period ending December 31, 2020$408 
Year ending December 31, 20211,532 
Year ending December 31, 20221,396 
Year ending December 31, 20231,260 
Year ending December 31, 20241,124 
Thereafter4,165 

NOTE 8.  DEPOSITS

The following is a summary of interest bearing deposits by type as of September 30, 2020 and December 31, 2019:
Dollars in thousandsSeptember 30,
2020		December 31,
2019
Demand deposits, interest bearing$867,442 $630,351 
Savings deposits598,564 418,096 
Time deposits565,815 604,237 
Total$2,031,821 $1,652,684 

Included in time deposits are deposits acquired through a third party (“brokered deposits”) totaling $64.1 million and $150.6 million at September 30, 2020 and December 31, 2019, respectively.

A summary of the scheduled maturities for all time deposits as of September 30, 2020 is as follows:
Dollars in thousands 
Three month period ending December 31, 2020$105,223 
Year ending December 31, 2021332,065 
Year ending December 31, 202260,820 
Year ending December 31, 202335,732 
Year ending December 31, 202415,635 
Thereafter16,340 
Total$565,815 

The aggregate amount of time deposits in denominations that meet or exceed the FDIC insurance limit of $250,000 totaled $145.4 million at September 30, 2020 and $198.1 million at December 31, 2019.


NOTE 9.  BORROWED FUNDS

Short-term borrowings:    A summary of short-term borrowings is presented below:
 Nine Months Ended September 30,
 20202019
Dollars in thousandsShort-term
FHLB
Advances		Federal Funds
Purchased
and Lines
of Credit		Short-term
FHLB
Advances		Federal Funds
Purchased
and Lines
of Credit
Balance at September 30$140,000 $145 $206,550 $144 
Average balance outstanding for the period126,964 145 196,058 564 
Maximum balance outstanding at any month end during period
215,700 145 225,200 144 
Weighted average interest rate for the period0.79 %0.64 %2.63 %2.48 %
Weighted average interest rate for balances    
     outstanding at September 300.36 %0.25 %2.15 %2.00 %
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34

Year Ended December 31, 2019
Dollars in thousandsShort-term
FHLB
Advances		Federal Funds
Purchased
and Lines
of Credit
Balance at December 31$199,200 145 
Average balance outstanding for the period193,992 458 
Maximum balance outstanding at any month end
during period		237,400 145 
Weighted average interest rate for the period2.48 %2.43 %
Weighted average interest rate for balances
     outstanding at December 311.83 %1.75 %

Long-term borrowings:  Our long-term borrowings of $703,000 and $717,000 at September 30, 2020 and December 31, 2019, respectively, consisted of a 5.34% fixed rate advance from the Federal Home Loan Bank (“FHLB”), maturing in 2026. This FHLB advance is collateralized by a blanket lien of $1.25 billion of residential mortgage loans, certain commercial loans, mortgage backed securities and securities of U.S. Government agencies and corporations.
 
Subordinated debentures: We issued $30 million of subordinated debentures, net of $664,000 debt issuance costs, during third quarter 2020 in a private placement transaction. The subordinated debt qualifies as Tier 2 capital under Federal Reserve Board guidelines, until the debt is within 5 years of its maturity; thereafter the amount qualifying as Tier 2 capital is reduced by 20 percent each year until maturity. This subordinated debt bears interest at a fixed rate of 5.00% per year, from and including September 22, 2020 to, but excluding, September 30, 2025, payable quarterly in arrears. From and including September 30, 2025 to, but excluding, the maturity date or earlier redemption date, the interest rate will reset quarterly at a variable rate equal to the then current three-month term Secured Overnight Financing Rate (“SOFR”), as published by the Federal Reserve Bank of New York, plus 487 basis points, payable quarterly in arrears. As provided in the Notes, the interest rate on the Notes during the applicable floating rate period may be determined based on a rate other than three-month term SOFR. This debt has a 10 years term and generally, is not prepayable by us within the first five years.

Subordinated debentures owed to unconsolidated subsidiary trusts:  We have three statutory business trusts that were formed for the purpose of issuing mandatorily redeemable securities (the “capital securities”) for which we are obligated to third party investors and investing the proceeds from the sale of the capital securities in our junior subordinated debentures (the “debentures”).  The debentures held by the trusts are their sole assets.  These subordinated debentures totaled $19.6 million at September 30, 2020 and December 31, 2019.

The capital securities held by SFG Capital Trust I, SFG Capital Trust II, and SFG Capital Trust III qualify as Tier 1 capital under Federal Reserve Board guidelines.  In accordance with these Guidelines, trust preferred securities generally are limited to 25% of Tier 1 capital elements, net of goodwill.  The amount of trust preferred securities and certain other elements in excess of the limit can be included in Tier 2 capital.
 
A summary of the maturities of all long-term borrowings and subordinated debentures for the next five years and thereafter is as follows:
Dollars in thousands Long-term
borrowings		Subordinated debenturesSubordinated
debentures owed
to unconsolidated
subsidiary trusts
Year Ending December 31,2020$5 $— $— 
 202120 — — 
 202221 — — 
 202322 — — 
 202422 — — 
 Thereafter613 29,336 19,589 
  $703 $29,336 $19,589 

NOTE 10.  SHARE-BASED COMPENSATION

Under the 2014 Long-Term Incentive Plan (“2014 LTIP”), stock options, SARs and RSUs have generally been granted with an exercise price equal to the fair value of Summit's common stock on the grant date. We periodically grant employee stock options to individual employees.

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35


The fair value of our employee stock options and SARs granted under the Plans is estimated at the date of grant using the Black-Scholes option-pricing model. This model requires the input of highly subjective assumptions, changes to which can materially affect the fair value estimate. Additionally, there may be other factors that would otherwise have a significant effect on the value of employee stock options and SARs granted but are not considered by the model. Because our employee stock options and SARs have characteristics significantly different from those of traded options and because changes in the subjective input assumptions can materially affect the fair value estimate, in management’s opinion, the existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options and SARs at the time of grant. 

A summary of our SAR and stock option activity the first nine months of 2020 and 2019 is as follows:
 For the Nine Months Ended September 30,
 2020
Options/SARs
Aggregate
Intrinsic
Value (in thousands)
Remaining
Contractual
Term (Yrs.)		Weighted-Average
Exercise Price
Outstanding, January 1330,703 $20.44 
Granted— — 
Exercised— — 
Forfeited— — 
Expired— — 
Outstanding, September 30330,703 $349 6.58$20.44 
Exercisable, September 30179,375 $349 5.52$17.03 


 For the Nine Months Ended September 30,
 2019
Options/SARs
Aggregate
Intrinsic
Value (in thousands)
Remaining
Contractual
Term (Yrs.)		Weighted-Average
Exercise Price
Outstanding, January 1232,091 $17.36 
Granted138,125 23.94 
Exercised(31,413)11.83 
Forfeited— — 
Expired— — 
Outstanding, September 30338,803 $1,745 7.41$20.56 
Exercisable, September 30112,989 $1,063 5.59$16.32 

Grants of RSUs include time-based vesting conditions that generally vest ratably over a period of 3 to 5 years. During second quarter 2020, we granted 10,995 RSUs which will vest ratably over 4 years. During first quarter 2020, we granted 1,846 RSUs which will fully vest on the 2 anniversary of the grant date. During 2019, we granted 2,892 RSUs which will vest ratably over 3 years. A summary of our RSU activity and related information is as follows.
Dollars in thousands, except per share amountsRSUsWeighted Average Grant Date Fair Value
Nonvested, December 31, 20192,892 25.93 
Granted12,841 18.19 
Forfeited— — 
Vested(651)25.60 
Nonvested, September 30, 202015,082 20.45 

We recognize compensation expense based on the estimated number of stock awards expected to actually vest, exclusive of the awards expected to be forfeited.  During the first nine months of 2020 and 2019, total stock compensation expense for all share-based arrangements was $402,000 and $430,000 and the related deferred tax benefits were approximately $96,000 and $103,000. For the three months ended September 30, 2020 and 2019, total stock compensation expense for all share-based
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arrangements was $80,000 and $149,000 and the related deferred tax benefits were approximately $19,000 and $36,000. At September 30, 2020 our total unrecognized compensation expense related to all nonvested awards not yet recognized totaled $1.37 million and is expected to be recognized over the next 1.87 years.

NOTE 11.  COMMITMENTS AND CONTINGENCIES

Off-Balance Sheet Arrangements

We are a party to certain financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of our customers.  These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the statement of financial position.  The contract amounts of these instruments reflect the extent of involvement that we have in this class of financial instruments.

Many of our lending relationships contain both funded and unfunded elements.  The funded portion is reflected on our balance sheet.  The unfunded portion of these commitments is not recorded on our balance sheet until a draw is made under the loan facility.  Since many of the commitments to extend credit may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash flow requirements.

A summary of the total unfunded, or off-balance sheet, credit extension commitments follows:
Dollars in thousandsSeptember 30,
2020
Commitments to extend credit: 
Revolving home equity and credit card lines$88,214 
Construction loans110,896 
Other loans320,318 
Standby letters of credit11,200 
Total$530,628 

Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract.  Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee.  We evaluate each customer's credit worthiness on a case-by-case basis.  The amount of collateral obtained, if we deem necessary upon extension of credit, is based on our credit evaluation.  Collateral held varies but may include accounts receivable, inventory, equipment or real estate.

Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party.  Standby letters of credit generally are contingent upon the failure of the customer to perform according to the terms of the underlying contract with the third party.

Our exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments.  We use the same credit policies in making commitments and conditional obligations as we do for on-balance sheet instruments.
Allowance For Credit Losses - Off-Balance-Sheet Credit Exposures

The ACL on off-balance-sheet credit exposures is a liability account, calculated in accordance with ASC 326, representing expected credit losses over the contractual period for which we are exposed to credit risk resulting from a contractual obligation to extend credit. No allowance is recognized if we have the unconditional right to cancel the obligation. Off-balance-sheet credit exposures primarily consist of amounts available under outstanding lines of credit and letters of credit detailed in the table above. For the period of exposure, the estimate of expected credit losses considers both the likelihood that funding will occur and the amount expected to be funded over the estimated remaining life of the commitment or other off-balance-sheet exposure. The likelihood and expected amount of funding are based on historical utilization rates. The amount of the allowance represents management's best estimate of expected credit losses on commitments expected to be funded over the contractual life of the commitment. Estimating credit losses on amounts expected to be funded uses the same methodology as described for loans in Note 6 - Loans and Allowance for Credit Losses as if such commitments were funded.

The impact to the ACL on off-balance sheet credit exposures upon adoption of ASC 326 was $2.43 million, followed by a nine month 2020 provision of $1.09 million resulting in a September 30, 2020 balance of $3.52 million.

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Litigation

We are not a party to litigation except for matters that arise in the normal course of business.  While it is impossible to ascertain the ultimate resolution or range of financial liability, if any, with respect to these contingent matters, in the opinion of management, after consultation with legal counsel, the outcome of these matters will not have a significant adverse effect on the consolidated financial statements.

NOTE 12.  REGULATORY MATTERS

Our bank subsidiary, Summit Community Bank, Inc. (“Summit Community”), is subject to various regulatory capital requirements administered by the banking regulatory agencies. Under the capital adequacy guidelines and the regulatory framework for prompt corrective action, Summit Community must meet specific capital guidelines that involve quantitative measures of its assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices.  Our bank subsidiary’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require Summit Community to maintain minimum amounts and ratios of Common Equity Tier 1("CET1"), Total capital and Tier I capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier I capital (as defined) to average assets (as defined).  We believe, as of September 30, 2020, that our bank subsidiary met all capital adequacy requirements to which they were subject.

The most recent notifications from the banking regulatory agencies categorized Summit Community as well capitalized under the regulatory framework for prompt corrective action.  To be categorized as well capitalized, Summit Community must maintain minimum CET1, Total risk-based, Tier I risk-based, and Tier I leverage ratios as set forth in the table below.
In December 2018, the federal bank regulatory agencies approved a final rule modifying their regulatory capital rules to provide an option to phase-in over a period of three years the day-one regulatory capital effects of the implementation of ASC 326. In March 2020, those agencies approved a final rule providing an option to delay the estimated impact on regulatory capital. We elected this optional phase-in period upon adoption of ASC 326 on January 1, 2020 and elected to delay the estimated impact. The initial impact of adoption as well as 25% of the quarterly increases in the allowance for credit losses subsequent to adoption (collectively the “transition adjustments”) will be delayed for two years. After two years, the cumulative amount of the transition adjustments will become fixed and will be phased out of the regulatory capital calculations evenly over a three year period, with 75% recognized in year three, 50% recognized in year four, and 25% recognized in year five. After five years, the temporary regulatory capital benefits will be fully reversed.
The following tables present Summit's, as well as Summit Community's, actual and required minimum regulatory capital amounts and ratios as of September 30, 2020 and December 31, 2019. Capital levels required to be considered well capitalized are based upon prompt corrective action regulations, as amended.
 
 Actual
Minimum Required Capital - Basel IIIMinimum Required To Be Well Capitalized
Dollars in thousandsAmountRatioAmountRatioAmountRatio
As of September 30, 2020      
CET1 (to risk weighted assets)
Summit$231,568 9.9 %N/AN/AN/AN/A
Summit Community276,361 11.8 %163,943 7.0 %152,233 6.5 %
Tier I Capital (to risk weighted assets)     
Summit250,568 10.7 %N/AN/AN/AN/A
Summit Community276,361 11.8 %199,074 8.5 %187,363 8.0 %
Total Capital (to risk weighted assets)     
Summit301,774 12.9 %N/AN/AN/AN/A
Summit Community297,567 12.7 %246,020 10.5 %234,305 10.0 %
Tier I Capital (to average assets)      
Summit250,568 8.7 %N/AN/AN/AN/A
Summit Community276,361 9.6 %115,150 4.0 %143,938 5.0 %
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 Actual
Minimum Required Capital - Basel III Fully Phased-inMinimum Required To Be Well Capitalized
Dollars in thousandsAmountRatioAmountRatioAmountRatio
As of December 31, 2019    
CET1 (to risk weighted assets)
Summit224,679 11.1 %N/AN/AN/AN/A
Summit Community244,045 12.1 %141,183 7.0 %131,099 6.5 %
Tier I Capital (to risk weighted assets)     
Summit243,679 12.1 %N/AN/AN/AN/A
Summit Community244,045 12.1 %171,437 8.5 %161,352 8.0 %
Total Capital (to risk weighted assets)     
Summit256,753 12.7 %N/AN/AN/AN/A
Summit Community257,119 12.7 %212,579 10.5 %202,456 10.0 %
Tier I Capital (to average assets)      
Summit243,679 10.5 %N/AN/AN/AN/A
Summit Community244,045 10.6 %92,092 4.0 %115,116 5.0 %


NOTE  13.  DERIVATIVE FINANCIAL INSTRUMENTS

Cash flow hedges

We have entered into three pay-fixed/receive LIBOR interest rate swaps as follows:

•A $40 million notional interest rate swap expiring on October 18, 2021, was designated as a cash flow hedge of $40 million of variable rate Federal Home Loan Bank advances. Under the terms of this swap we will pay a fixed rate of 2.19% and receive a variable rate equal to three month LIBOR.

•A $20 million notional interest rate swap with an effective date of October 18, 2021 and expiring on October 18, 2023, was designated as a cash flow hedge of $20 million of forecasted variable rate Federal Home Loan Bank advances. Under the terms of this swap we will pay a fixed rate of 1.07% and receive a variable rate equal to three month LIBOR.

•A $20 million notional interest rate swap with an effective date of October 18, 2021 and expiring on October 18, 2024, was designated as a cash flow hedge of $20 million of forecasted variable rate Federal Home Loan Bank advances. Under the terms of this swap we will pay a fixed rate of 1.1055% and receive a variable rate equal to three month LIBOR.

In addition, we have entered into one interest rate cap to hedge the risk of variability in its cash flows above .75% of the three month LIBOR benchmark interest rate.

•A $100 million notional interest rate cap with an effective date of July 20, 2020 and expiring on April 18, 2030, was designated as a cash flow hedge of $100 million of forecasted fixed rate Federal Home Loan Bank advances. Under the terms of this cap we will hedge the variability of cash flows when three month LIBOR is above .75%.

Fair value hedges

We have entered into two pay fixed/receive variable interest rate swaps to hedge fair value variability of two commercial fixed rate loans with the same principal, amortization, and maturity terms of the underlying loans, which are designated as fair value hedges as follows:

•Under the terms of a $9.95 million original notional interest rate swap expiring January 15, 2025, we will pay a fixed rate of 4.33% and receive a variable rate equal to one month LIBOR plus 2.40 percent.

•Under the terms of a $11.3 million original notional interest rate swap expiring January 15, 2026, we will pay a fixed rate of 4.30% and receive a variable rate equal to one month LIBOR plus 2.18 percent.

A summary of our derivative financial instruments as of September 30, 2020 and December 31, 2019 follows:
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 September 30, 2020
 Notional
Amount		Derivative Fair ValueNet Ineffective
Dollars in thousandsAssetLiabilityHedge Gains/(Losses)
CASH FLOW HEDGES    
Pay-fixed/receive-variable interest rate swaps   
Short term borrowings$80,000 $— $1,652 $— 
Interest rate cap
Short term borrowings$100,000 $4,611 $— $— 
FAIR VALUE HEDGES
Pay-fixed/receive-variable interest rate swaps
Commercial real estate loans$18,349 $— $1,415 $— 
 December 31, 2019
 Notional
Amount		Derivative Fair ValueNet Ineffective
Dollars in thousandsAssetLiabilityHedge Gains/(Losses)
CASH FLOW HEDGES    
Pay-fixed/receive-variable interest rate swaps   
Short term borrowings$70,000 $— $679 $— 
FAIR VALUE HEDGES
Pay-fixed/receive-variable interest rate swaps
Commercial real estate loans$18,809 $— $309 $— 

Loan commitments:  ASC Topic 815, Derivatives and Hedging, requires that commitments to make mortgage loans should be accounted for as derivatives if the loans are to be held for sale, because the commitment represents a written option and accordingly is recorded at the fair value of the option liability.

NOTE 14. ACQUISITIONS

Cornerstone Financial Services Inc. Acquisition

On January 1, 2020, Summit Community Bank, Inc. ("SCB"), a wholly-owned subsidiary of Summit, acquired 100% of the ownership of Cornerstone Financial Services Inc. ("Cornerstone") and its subsidiary Cornerstone Bank, headquartered in West Union, West Virginia. With this transaction, Summit further expands its footprint into the central region of West Virginia. Pursuant to the Agreement and Plan of Merger dated September 17, 2019, Cornerstone's shareholders received cash in the amount of $5,700.00 per share or 228 shares of Summit common stock, or a combination of cash and Summit stock, subject to proration to result in approximately 50% cash and 50% stock consideration in the aggregate. Total stock consideration was $15.4 million or 570,000 shares of Summit common stock and cash consideration was $14.3 million. Cornerstone's assets and liabilities approximated $195 million and $176 million, respectively, at December 31, 2019 and was deemed immaterial to our financial statements.

We accounted for the acquisition using the acquisition method of accounting in accordance with ASC 805, Business Combinations and accordingly, the assets and liabilities of Cornerstone were recorded at their acquisition date respective fair values. Determining the fair value of assets and liabilities, particularly related to the loan portfolio, is a complicated process involving significant judgment regarding methods and assumptions used to calculate the estimated fair values. The fair values are preliminary and subject to refinement for up to one year after the acquisition date as additional information relative to the acquisition date fair values becomes available. We recognized preliminary goodwill of $10.82 million in connection with the acquisition (not deductible for income tax purposes), which is not amortized for financial reporting purposes, but is subject to annual impairment testing or upon a triggering event. The core deposit intangible represents the value of long-term deposit relationships acquired in this transaction and will be amortized over an estimated weighted average life of 10 years using an accelerated method which approximates the estimated run-off of the acquired deposits. The following table details the total consideration paid on January 1, 2020 in connection with the acquisition of Cornerstone, the fair values of the assets acquired and liabilities assumed and the resulting preliminary goodwill.
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(Dollars in thousands)As Recorded by CornerstoneEstimated Fair Value AdjustmentsEstimated Fair Values as Recorded by Summit
Cash consideration$14,250 
Stock consideration15,441 
Total consideration29,691 
Identifiable assets acquired:
Cash and cash equivalents$60,284 $— $60,284 
Securities available for sale, at fair value90,075 (47)90,028 
Loans
Purchased performing
37,965 188 38,153 
Purchased credit deteriorated
1,877 (569)1,308 
Allowance for loan losses(312)312 — 
Premises and equipment806 (142)664 
Property held for sale10 — 10 
Core deposit intangibles— 717 717 
Other assets4,324 (74)4,250 
Total identifiable assets acquired
$195,029 $385 $195,414 
Identifiable liabilities assumed:
Deposits173,027 239 173,266 
Other liabilities3,286 (7)3,279 
Total identifiable liabilities assumed
$176,313 $232 $176,545 
Net identifiable assets acquired$18,716 $153 $18,869 
Preliminary goodwill resulting from acquisition$10,822 


MVB Bank Branches Acquisition

On April 24, 2020, SCB expanded its presence in the Eastern Panhandle of West Virginia by acquiring three MVB Bank locations in Berkeley County, West Virginia and one MVB Bank location in Jefferson County, West Virginia. Summit assumed certain deposits and loans totaling approximately $195.0 million and $35.3 million, respectively. The purchase price was $50.3 million consisting of (i) the average daily closing balance of the deposits for the thirty (30) day period prior to the closing multiplied by 8.00%, (ii) the aggregate amount of cash on hand as of the closing date, (iii) the aggregate net book value of all assets being assumed (excluding cash on hand, real property and accrued interest with respect to the loans acquired), (iv) the appraised value of the real property acquired, and (v) accrued interest with respect to the loans acquired.

This acquisition was determined to constitute a business combination in accordance with ASC 805, Business Combinations,and accordingly we accounted for the acquisition using the acquisition method of accounting, recording the assets and liabilities of MVB Bank at their acquisition date respective fair values. Determining the fair value of assets and liabilities, particularly related to the loan portfolio, is a complicated process involving significant judgment regarding methods and assumptions used to calculate the estimated fair values. The fair values are preliminary and subject to refinement for up to one year after the acquisition date as additional information relative to the acquisition date fair values becomes available. We recognized preliminary goodwill of $14.67 million in connection with the acquisition (deductible for income tax purposes), which is not amortized for financial reporting purposes, but is subject to annual impairment testing. The core deposit intangible represents the value of long-term deposit relationships acquired in this transaction and will be amortized over an estimated weighted average life of 10 years using an accelerated method which approximates the estimated run-off of the acquired deposits. The following table details the total consideration paid on April 24, 2020 in connection with the acquisition of the MVB Bank branches, the fair values of the assets acquired and liabilities assumed and the resulting preliminary goodwill.
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(Dollars in thousands)As Recorded by MVBEstimated Fair Value AdjustmentsEstimated Fair Values as Recorded by Summit
Cash consideration$12,965 
Total consideration12,965 
Identifiable assets acquired:
Cash and cash equivalents$800 $— $800 
Loans
Purchased performing
35,127 (1,185)33,942 
Premises and equipment2,376 (42)2,334 
Core deposit intangibles— 125 125 
Other assets114 — 114 
Total identifiable assets acquired
$38,417 $(1,102)$37,315 
Identifiable liabilities assumed:
Deposits188,134 598 188,732 
Other liabilities102 — 102 
Total identifiable liabilities assumed
$188,236 $598 $188,834 
Net liabilities assumed$(149,819)$(1,700)$(151,519)
Net cash received from MVB136,854 
Preliminary goodwill resulting from acquisition$14,665 

The following is a description of the methods used to determine the fair values of significant assets and liabilities presented for both transactions above.
Cash and cash equivalents: The carrying amount of these assets approximates their fair value based on the short-term nature of these assets, with the exception of certificates of deposits held at other banks, which were adjusted to fair value based upon current interest rates.

Securities: Fair values for securities are based on quoted market prices, where available. If quoted market prices are not available, fair value estimates are based on observable inputs including quoted market prices for similar instruments, quoted market prices that are not in an active market or other inputs that are observable in the market.

Loans: Fair values for loans are based on a discounted cash flow methodology that considered factors including the type of loan and related collateral, collectibility, fixed or variable interest rate, term of loan, amortization status and current market rates. Loans were grouped together according to similar characteristics and were treated in the aggregate when applying various valuation techniques. The discount rates used for loans are based on current market rates for new originations of comparable loans and include adjustments for liquidity concerns, if any.

Premises and equipment: The fair value of Cornerstone's real property was determined based upon appraisals by licensed appraisers. The fair value of tangible personal property, which is not material, was assumed to equal the carrying value by Cornerstone.

Core deposit intangible: This intangible asset represents the value of the relationships with deposit customers. The fair value was estimated based on a discounted cash flow methodology that gave appropriate consideration to expected customer attrition rates, cost of the deposit base, reserve requirements and the net maintenance cost attributable to customer deposits.

Deposits: The fair values of the demand and savings deposits by definition equal the amount payable on demand at the acquisition date. The fair values for time deposits are estimated using a discounted cash flow calculation that applies interest rates currently being offered to the contractual interest rates on such time deposits.

Loans acquired in a business combination are recorded at estimated fair value on the date of acquisition without the carryover of the related allowance for loan losses.
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Prior to adoption of ASC 326 on January 1, 2020, loans acquired in a business combination that had evidence of credit deterioration since origination and for which it was probable at the date of acquisition that we would not collect all contractually required principal and interest payments were considered purchased credit-impaired (PCI) loans. When determining fair value, PCI loans were identified as of the date of acquisition based upon evidence of credit quality such as internal risk grades and past due and nonaccrual status. The difference between contractually required payments of principal and interest at acquisition and the cash flows expected to be collected at acquisition was accounted for as a"nonaccretable difference," and was available to absorb future credit losses on those loans. For purposes of determining the nonaccretable difference, no prepayments were generally assumed in determining contractually required payments of principal and interest or cash flows expected to be collected. Subsequent decreases to the expected cash flows generally resulted in a provision for loan losses. Subsequent significant increases in cash flows could have resulted in a reversal of the provision for loan losses to the extent of prior charges, or a transfer from nonaccretable difference to accretable yield. Further, any excess of cash flows expected at acquisition over the estimated fair value was accounted for as accretable yield and was recognized as interest income over the remaining life of the loan when there was a reasonable expectation about the amount and timing of such cash flows.

Subsequent to adoption of ASC 326 on January 1, 2020, loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered purchased credit deteriorated (“PCD”) loans. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial allowance for credit losses is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial allowance for credit losses is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to noncredit factors and results in a discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans. All loans considered to be PCI prior to January 1, 2020 were converted to PCD on that date.

Loans not designated PCD loans as of the acquisition date are designated purchased performing loans. We account for purchased performing loans using the contractual cash flows method of recognizing discount accretion based on the acquired loans’ contractual cash flows. Purchased performing loans are recorded at fair value, including a credit discount. The fair value discount is accreted as an adjustment to yield over the estimated lives of the loans. There is no allowance for loan losses established at the acquisition date for purchased performing loans. A provision for loan losses is recorded for any deterioration in these loans subsequent to the acquisition.

The following presents the financial effects of adjustments recognized in the statements of income for the three and nine months ended September 30, 2020 and 2019 related to business combinations that occurred during 2016, 2017, 2019 and 2020.
Income increase (decrease)
Three Months Ended September 30,Nine Months Ended September 30,
Dollars in thousands2020201920202019
Interest and fees on loans$161 $137 $680 $604 
Interest expense on deposits175 77 461 247 
Amortization of intangibles(412)(404)(1,251)(1,234)
Income before income tax expense$(76)$(190)$(110)$(383)


Pending WinFirst Acquisition

On September 28, 2020, we entered into a Definitive Merger Agreement with WinFirst Financial Corp. ("WinFirst"). Pursuant to the terms of the merger agreement, Summit will acquire all of the outstanding shares of common stock of WinFirst in exchange for cash in the amount of $21.7 million. Total merger consideration received by WinFirst shareholders is subject to an adjustment if WinFirst's adjusted shareholders’ equity as of the effective date of the merger deviates from the range mutually determined by the parties. WinFirst's assets approximated $146 million at September 30, 2020.

We anticipate the acquisition will close by year-end 2020, subject to customary closing conditions, including regulatory approval and approval of WinFirst's shareholders. Following the consummation of the merger, WinFirst's wholly-owned subsidiary WinFirst Bank will be consolidated with Summit's subsidiary, Summit Community Bank, Inc.

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NOTE 15. ACCUMULATED OTHER COMPREHENSIVE INCOME

The following is changes in accumulated other comprehensive income by component, net of tax, for the three and nine months ending September 30, 2020 and 2019.
For the Three Months Ended September 30, 2020
Dollars in thousandsGains and Losses on Pension PlanGains and Losses on Other Post-Retirement BenefitsGains and Losses on Cash Flow HedgesUnrealized Gains (Losses) on Available-for-Sale SecuritiesTotal
Beginning balance$(140)$48 $(2,417)$5,831 $3,322 
Other comprehensive income before reclassification— — 422 1,603 2,025 
Amounts reclassified from accumulated other comprehensive income
— — — (1,157)(1,157)
Net current period other comprehensive income— — 422 446 868 
Ending balance$(140)$48 $(1,995)$6,277 $4,190 
For the Three Months Ended September 30, 2019
Dollars in thousandsGains and Losses on Pension PlanGains and Losses on Other Post-Retirement BenefitsGains and Losses on Cash Flow HedgesUnrealized Gains (Losses) on Available-for-Sale SecuritiesTotal
Beginning balance$(328)$139 $(737)$3,147 $2,221 
Other comprehensive income income before reclassification— — 53 1,916 1,969 
Amounts reclassified from accumulated other comprehensive income
— — — (344)(344)
Net current period other comprehensive income— — 53 1,572 1,625 
Ending balance$(328)$139 $(684)$4,719 $3,846 
For the Nine Months Ended September 30, 2020
Dollars in thousandsGains and Losses on Pension PlanGains and Losses on Other Post-Retirement BenefitsGains and Losses on Cash Flow HedgesUnrealized Gains (Losses) on Available-for-Sale SecuritiesTotal
Beginning balance$(140)$48 $(518)$3,145 $2,535 
Other comprehensive income (loss) before reclassification
— — (1,477)5,078 3,601 
Amounts reclassified from accumulated other comprehensive income
— — — (1,946)(1,946)
Net current period other comprehensive income (loss)— — (1,477)3,132 1,655 
Ending balance$(140)$48 $(1,995)$6,277 $4,190 
For the Nine Months Ended September 30, 2019
Dollars in thousandsGains and Losses on Pension PlanGains and Losses on Other Post-Retirement BenefitsGains and Losses on Cash Flow HedgesUnrealized Gains (Losses) on Available-for-Sale SecuritiesTotal
Beginning balance$— $139 $(314)$(841)$(1,016)
Other comprehensive income (loss) before reclassification
(328)— (370)6,727 6,029 
Amounts reclassified from accumulated other comprehensive income
— — — (1,167)(1,167)
Net current period other comprehensive income (loss)
(328)— (370)5,560 4,862 
Ending balance$(328)$139 $(684)$4,719 $3,846 






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NOTE 16. INCOME TAXES

Our income tax expense for the three months ended September 30, 2020 and September 30, 2019 totaled $2.6 million and $1.8 million, respectively. For the nine months ended September 30, 2020 and September 30, 2019 our income tax expense totaled $5.3 million and $5.3 million. Our effective tax rate (income tax expense as a percentage of income before taxes) for the three months ended September 30, 2020 and 2019 was 21.2% and 18.4%, respectively, and for the nine months ended September 30, 2020 and 2019 waa 20.1% and 18.2%, respectively. A reconciliation between the statutory income tax rate and our effective income tax rate for the three and nine months ended September 30, 2020 and 2019 is as follows:
For the Three Months Ended September 30,For the Nine Months Ended September 30,
 2020201920202019
Dollars in thousandsPercentPercentPercentPercent
Applicable statutory rate21.0 %21.0 %21.0 %21.0 %
Increase (decrease) in rate resulting from:
 
Tax-exempt interest and dividends, net
(1.9)%(1.6)%(2.2)%(2.0)%
State income taxes, net of Federal income tax benefit
1.9 %1.9 %1.6 %1.8 %
Low-income housing and rehabilitation tax credits(0.1)%(0.5)%(0.6)%(0.6)%
Other, net0.3 %(2.4)%0.3 %(2.0)%
Effective income tax rate21.2 %18.4 %20.1 %18.2 %

The components of applicable income tax expense for the three and nine months ended September 30, 2020 and 2019 are as follows:
For the Three Months Ended September 30,For the Nine Months Ended September 30,
Dollars in thousands2020201920202019
Current  
Federal$2,697 $1,666 $7,689 $4,913 
State372 246 1,072 716 
 3,069 1,912 8,761 5,629 
Deferred   
Federal(416)(88)(3,025)(294)
State(59)(12)(434)(42)
 (475)(100)(3,459)(336)
Total$2,594 $1,812 $5,302 $5,293 

NOTE 17. REVENUE FROM CONTRACTS WITH CUSTOMERS

Interest income, loan fees, realized securities gains and losses, bank owned life insurance income and mortgage banking revenue are not in the scope of ASC Topic 606, Revenue from Contracts with Customers. With the exception of gains or losses on sales of foreclosed properties, all of our revenue from contracts with customers in the scope of ASC 606 is recognized within Noninterest Income in the Consolidated Statements of Income. Incremental costs of obtaining a contract are expensed when incurred when the amortization period is one year or less.
The following table illustrates our total non-interest income segregated by revenues within the scope of ASC Topic 606 and those which are within the scope of other ASC Topics: 
Three Months Ended September 30,Nine Months Ended September 30,
Dollars in thousands2020201920202019
Service fees on deposit accounts$1,138 $1,312 $3,283 $3,716 
Bank card revenue1,237 924 3,257 2,631 
Trust and wealth management fees622 632 1,870 1,830 
Insurance commissions44 40 75 1,821 
Other69 66 292 224 
Net revenue from contracts with customers 3,110 2,974 8,777 10,222 
Non-interest income within the scope of other ASC topics3,097 785 5,530 4,577 
Total noninterest income$6,207 $3,759 $14,307 $14,799 
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Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

INTRODUCTION

The following discussion and analysis focuses on significant changes in our financial condition and results of operations of Summit Financial Group, Inc. (“Company” or “Summit”) and its operating subsidiary, Summit Community Bank (“Summit Community”), for the periods indicated.   This discussion and analysis should be read in conjunction with our 2019 audited consolidated financial statements and Annual Report on Form 10-K.

The Private Securities Litigation Act of 1995 indicates that the disclosure of forward-looking information is desirable for investors and encourages such disclosure by providing a safe harbor for forward-looking statements by us.  This Quarterly Report on Form 10-Q contains comments or information that constitute forward-looking statements (within the meaning of the Private Securities Litigation Act of 1995) that are based on current expectations that involve a number of risks and uncertainties. Words such as “expects”, “anticipates”, “believes”, “estimates” and other similar expressions or future or conditional verbs such as “will”, “should”, “would” and “could” are intended to identify such forward-looking statements.

Although we believe the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially. Factors that might cause such a difference include: the effect of the COVID-19 crisis, including the negative impacts and disruptions on the communities we serve, and the domestic and global economy, which may have an adverse effect on our business; current and future economic and market conditions, including the effects of declines in housing prices, high unemployment rates, U.S. fiscal debt, budget and tax matters, geopolitical matters, and any slowdown in global economic growth; fiscal and monetary policies of the Federal Reserve; future provisions for credit losses on loans and debt securities; changes in nonperforming assets; changes in interest rates and interest rate relationships; demand for products and services; the degree of competition by traditional and non-traditional competitors; the successful integration of operations of our acquisitions; changes in banking laws and regulations; changes in tax laws; the impact of technological advances; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; and changes in the national and local economies. We undertake no obligation to revise these statements following the date of this filing.

OVERVIEW

On January 1, 2020, we acquired Cornerstone Financial Service, Inc. ("Cornerstone") and its subsidiary, Cornerstone Bank, Inc., headquartered in West Union, West Virginia and on April 24, 2020, we acquired four MVB Bank ("MVB") branches in the eastern panhandle of West Virginia. Cornerstone's and MVB's results are included in our financial statements from the acquisition dates forward, impacting comparisons to the prior-year periods. On May 1, 2019, we sold our insurance agency, Summit Insurance Services, LLC ("SIS"). Accordingly, their results are included in our financial statements only until date of sale, impacting comparisons to the first nine months of the prior-year.

Our primary source of income is net interest income from loans and deposits.  Business volumes tend to be influenced by the overall economic factors including market interest rates, business spending, and consumer confidence, as well as competitive conditions within the marketplace.

Primarily due to our Cornerstone and MVB branch acquisitions and organic loan growth, average interest earning assets increased by 19.87% for the first nine months in 2020 compared to the same period of 2019 while our net interest earnings on a tax equivalent basis increased 20.71%.  Our tax equivalent net interest margin increased 2 basis points as our yield on interest earning assets decreased 59 basis points while our cost of interest bearing funds decreased 70 basis points.

COVID-19 IMPACTS

Overview

Our business has been, and continues to be, impacted by the recent and ongoing outbreak of COVID-19. In March 2020, COVID-19 was declared a pandemic by the World Health Organization and a national emergency by the President of the United States. Efforts to limit the spread of COVID-19 have led to shelter-in-place orders, the closure of non-essential businesses, travel restrictions, supply chain disruptions and prohibitions on public gatherings, among other things, throughout many parts of the United States and, in particular, the markets in which we operate. As the current pandemic is ongoing and dynamic in nature, there are many uncertainties related to COVID-19 including, among other things, its ultimate geographic spread; its severity; the duration of the outbreak; the impact to our clients, employees and vendors; the impact to the financial services and banking industry; and the impact to the economy as a whole as well as the effect of actions taken, or that may yet be taken, by governmental authorities to contain the outbreak or to mitigate its impact (both economic and health-related).
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COVID-19 has negatively affected, and is expected to continue to negatively affect, our business, financial position and operating results. In light of the uncertainties and continuing developments discussed herein, the ultimate adverse impact of COVID-19 cannot be reliably estimated at this time, but it has been and is expected to continue to be material.

Impact on our Operations 
The resulting closures of non-essential businesses and related economic disruption has impacted our operations as well as the operations of our clients. In West Virginia and Virginia, financial services have been identified as essential services, and accordingly, our business remains open, with appropriate safety protocols implemented. To address the issues arising as a result of COVID-19, we have implemented various plans, strategies and protocols to protect our employees, maintain services for clients, assure the functional continuity of our operating systems, controls and processes, and mitigate financial risks posed by changing market conditions. In order to protect employees and assure workforce continuity and operational redundancy, we imposed business travel restrictions, enhanced our sanitizing protocols within our facilities and physically separated, to the extent possible, our critical operations workforce that cannot work remotely.
Impact on our Financial Position and Results of Operations

Lending and Credit Risks

COVID-19 has had a material impact on our loan credit risks for the first nine months of 2020. While we have not yet experienced any material charge-offs related to COVID-19, our allowance for credit losses ACL computation and resulting provision for credit losses are significantly impacted by the estimated potential future economic impact of the COVID-19 crisis. Due to deteriorated forecasted economic scenarios since the pandemic was declared in early March, our need for additional ACL increased significantly. Should economic conditions worsen, we could experience further increases in our ACL and record additional credit loss expense.
We have taken actions to identify and assess our COVID-19 related credit exposures by asset classes and borrower types. Depending on the demonstrated need of the client, in certain cases, we are either modifying to interest only or deferring the full loan payment. Accordingly, the following tables summarize the aggregate balances of loans the Company has modified as result of COVID-19 as of September 30, 2020 and June 30, 2020 classified by types of loans and impacted borrowers.
Loan Balances Modified Due to COVID-19 as of September 30, 2020
Dollars in thousandsTotal Loan
Balance as of
9/30/2020		Interest Only
Payments		Payment
Deferral 		Total Loans
Modified		Percentage of
Loans Modified
Hospitality industry$120,324 $36,803 $11,466 $48,269 40.1 %
Non-owner occupied retail stores108,326 19,497 — 19,497 18.0 %
Owner-occupied retail stores100,926 1,601 1,409 3,010 3.0 %
Restaurants7,968 — — — — %
Oil & gas industry24,404 914 — 914 3.7 %
Other commercial1,084,385 40,846 — 40,846 3.8 %
Total Commercial Loans1,446,333 99,661 12,875 112,536 7.8 %
Residential 1-4 family personal263,315 195 991 1,186 0.5 %
Residential 1-4 family rentals178,529 3,567 336 3,903 2.2 %
Home equity82,991 — — — — %
Total Residential Real Estate Loans524,835 3,762 1,327 5,089 1.0 %
Consumer34,655 34 22 56 0.2 %
Mortgage warehouse lines243,730 — — — 0.0 %
Credit cards and overdrafts2,251 — — — 0.0 %
Total Loans$2,251,804 $103,457 $14,224 $117,681 5.2 %

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Loan Balances Modified Due to COVID-19 as of June 30, 2020
Dollars in thousandsTotal Loan
Balance as of
6/30/2020		Interest Only
Payments		Payment
Deferral 		Total Loans
Modified		Percentage of
Loans Modified
Hospitality industry$119,204 $55,849 $43,030 $98,879 82.9 %
Non-owner occupied retail stores109,078 38,354 13,802 52,156 47.8 %
Owner-occupied retail stores119,794 21,956 9,372 31,328 26.2 %
Restaurants8,126 2,392 1,877 4,269 52.5 %
Oil & gas industry31,977 914 4,378 5,292 16.5 %
Other commercial1,005,740 88,285 34,634 122,919 12.2 %
Total Commercial Loans1,393,919 207,750 107,093 314,843 22.6 %
Residential 1-4 family personal267,170 3,933 13,404 17,337 6.5 %
Residential 1-4 family rentals180,415 20,348 6,032 26,380 14.6 %
Home equity88,929 — 569 569 0.6 %
Total Residential Real Estate Loans536,514 24,281 20,005 44,286 8.3 %
Consumer34,640 595 605 1,200 3.5 %
Mortgage warehouse lines252,472 — — — 0.0 %
Credit cards and overdrafts2,162 — — — 0.0 %
Total Loans$2,219,707 $232,626 $127,703 $360,329 16.2 %

Modified loans with deferred payments will continue to accrue interest during the deferral period unless otherwise classified as nonperforming. Consistent with bank regulatory guidance and Section 401(3) of the CARES Act, borrowers that were otherwise current on loan payments that were granted COVID-19 related financial hardship payment deferrals will continue to be reported as current loans throughout the agreed upon deferral periods. COVID-19 related loan modifications are also deemed to be insignificant borrower concessions, and therefore, such modified loans were not classified as troubled-debt restructured loans as of September 30, 2020. We anticipate that COVID-19 related loan modifications will continue throughout 2020.
Our loan interest income could be reduced due to COVID-19.  While interest and fees will still accrue to income, through normal accounting, should eventual credit losses on these deferred payments emerge, interest income and fees accrued would need to be reversed.  In such a scenario, interest income in future periods could be negatively impacted.  At this time, we are unable to project the materiality of such an impact.
Capital and Liquidity

Although there is a high degree of uncertainty around the magnitude and duration of the economic impact of the COVID-19 pandemic, management believes that our financial position, including high levels of capital and liquidity, will allow us to successfully endure the negative economic impacts of the crisis. Our capital management activities, coupled with our historically strong earnings performance and prudent dividend practices, have allowed us to build and maintain strong capital reserves. At September 30, 2020, all of Summit’s regulatory capital ratios significantly exceeded well-capitalized standards. More specifically, the Company bank subsidiary’s Tier 1 Leverage Ratio, a common measure to evaluate a financial institutions capital strength, was 9.6% at September 30, 2020, which is well in excess of the well-capitalized regulatory minimum of 5.0%.

In addition, management believes the Company’s liquidity position is strong. The Company’s bank subsidiary maintains a funding base largely comprised of core noninterest bearing demand deposit accounts and low cost interest-bearing transactional deposit accounts with clients that operate or reside within the footprint of its branch bank network. At September 30, 2020, the Company’s cash and cash equivalent balances were $109.0 million. In addition, Summit maintains an available-for-sale securities portfolio, comprised primarily of highly liquid U.S. agency securities, highly-rated municipal securities and U.S. agency-backed mortgage backed securities, which serves as a ready source of liquidity. At September 30, 2020, the Company’s available-for-sale securities portfolio totaled $298.0 million, $162.1 million of which was unpledged as collateral. The Company bank subsidiary’s unused borrowing capacity at the Federal Home Loan Bank of Pittsburgh at September 30, 2020 was $732.7 million, and it maintained $169.2 million of borrowing availability at the Federal Reserve Bank of Richmond’s discount window.
The COVID-19 crisis is expected to continue to impact our financial results, as well as demand for our services and products during the remainder of 2020 and potentially beyond. The short and long-term implications of the COVID-19 crisis, and related monetary and fiscal stimulus measures, on our future revenues, earnings results, allowance for credit losses, capital reserves and liquidity are unknown at present.
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CRITICAL ACCOUNTING POLICIES

Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America and follow general practices within the financial services industry.  Application of these principles requires us to make estimates, assumptions and judgments that affect the amounts reported in our financial statements and accompanying notes.  These estimates, assumptions and judgments are based on information available as of the date of the financial statements; accordingly, as this information changes, the financial statements could reflect different estimates, assumptions and judgments.  Certain policies inherently have a greater reliance on the use of estimates, assumptions and judgments and as such have a greater possibility of producing results that could be materially different than originally reported.

Our most significant accounting policies are presented in the notes to the consolidated financial statements of our 2019 Annual Report on Form 10-K.  These policies, along with the other disclosures presented in the financial statement notes and in this financial review, provide information on how significant assets and liabilities are valued in the financial statements and how those values are determined.

Based on the valuation techniques used and the sensitivity of financial statement amounts to the methods, assumptions and estimates underlying those amounts, we have identified the determination of ACL in accordance with the ASC 326 (as adopted on January 1, 2020), fair value measurements and accounting for acquired loans to be the accounting areas that require the most subjective or complex judgments and as such could be most subject to revision as new information becomes available. Refer to Note 6 of the accompanying consolidated financial statements for a discussion of the methodogy we employ regarding the ACL.

For additional information regarding critical accounting policies, refer to Critical Accounting Policies section in Management’s Discussion and Analysis of Financial Condition and Results of Operations included in the 2019 Form 10-K. There have been no significant changes in our application of critical accounting policies since December 31, 2019.

RESULTS OF OPERATIONS

Earnings Summary

Net income for the nine months ended September 30, 2020 decreased to $21.1 million or $1.62 per diluted share from $23.7 million or $1.88 per diluted share for the same period of 2019. Net income for the three months ended September 30, 2020 was $9.6 million, or $0.74 per diluted share, compared to $8.1 million, or $0.65 per diluted share for the same period of 2019. Earnings for both the nine and three months ended September 30, 2020 were negatively impacted by increased provision for credit losses, partially offset by higher net interest income, increased realized securities gains and higher mortgage origination revenue. In addition, negatively impacting earnings for the nine months ended September 30, 2020 were increased merger-related expenses and fewer insurance commissions due to the sale of our insurance subsidiary in second quarter 2019 (which resulted in a $1.9 million pretax gain on sale during second quarter 2019). Partially offsetting these negative factors were increased net interest income. Returns on average equity and assets for the first nine months of 2020 were 10.72% and 1.04%, respectively, compared with 13.48% and 1.40% for the same period of 2019.

Cornerstone’s and MVB's results of operations are included in our consolidated results of operations from the date of acquisition, and therefore our 2020 results reflect increased levels of average balances, income and expense as compared to the same periods of 2019 results. At consummation (prior to fair value acquisition adjustments), Cornerstone had total assets of $195.0 million, net loans of $39.8 million, and deposits of $173.0 million; the MVB branch transaction consisted primarily of $35.1 million loans acquired and $188.1 million deposits assumed. Also impacting comparability of results is the sale of SIS. Their results are included in our financial statements only until date of sale, impacting comparisons to the prior-year three and nine months ended September 30, however, historically SIS's results of operations accounted for less than $0.01 per share of the company's quarterly earnings.

Net Interest Income

Net interest income is the principal component of our earnings and represents the difference between interest and fee income generated from earning assets and the interest expense paid on deposits and borrowed funds.  Fluctuations in interest rates as well as changes in the volume and mix of earning assets and interest bearing liabilities can materially impact net interest income.


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Q3 2020 compared to Q2 2020

For the quarter ended September 30, 2020, our net interest income on a fully taxable-equivalent basis increased $1.7 million to $25.06 million compared to $23.32 million for the quarter end June 30, 2020. Our taxable-equivalent earnings on interest earning assets increased $1.3 million, while the cost of interest bearing liabilities decreased $391,000 (see Tables I and II).

For the three months ended September 30, 2020 average interest earning assets increased to $2.74 billion compared to $2.55 billion for the three months ended June 30, 2020, while average interest bearing liabilities increased to $2.21 billion for the three months ended September 30, 2020 from $2.02 billion for the three months ended June 30, 2020.

For the quarter ended September 30, 2020, our net interest margin decreased to 3.64%, compared to 3.68% for the linked quarter, as both the yields on earning assets and the cost of our interest bearing funds decreased by 16 basis points. At acquisition, Cornerstone's and MVB's deposit costs were significantly lower than Summit's cost of deposits, thus positively impacting our overall cost of funds.

Excluding the impact of accretion and amortization of fair value acquisition accounting adjustments related to the interest earning assets and interest bearing liabilities acquired by merger, Summit's net interest margin was 3.59% and 3.61% for the three months ended September 30, 2020 and June 30, 2020.

Q3 2020 compared to Q3 2019

For the quarter ended September 30, 2020, our net interest income on a fully taxable-equivalent basis increased $5.4 million to $25.06 million compared to $19.63 million for the quarter end September 30, 2019. Our taxable-equivalent earnings on interest earning assets increased $2.1 million, while the cost of interest bearing liabilities decreased $3.3 million (see Tables I and II).

For the three months ended September 30, 2020 average interest earning assets increased 27.6% to $2.74 billion compared to $2.15 billion for the three months ended September 30, 2019, while average interest bearing liabilities increased 23.3% from $1.79 billion for the three months ended September 30, 2019 to $2.21 billion for the three months ended September 30, 2020.

For the quarter ended September 30, 2020, our net interest margin increased to 3.64%, compared to 3.63% for the same period of 2019, as the yields on earning assets decreased 78 basis points, while the cost of our interest bearing funds decreased by 92 basis points.

Excluding the impact of accretion and amortization of fair value acquisition accounting adjustments related to the interest earning assets and interest bearing liabilities acquired by merger, Summit's net interest margin was 3.59% for the three months ended September 30, 2019.
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Table I - Average Balance Sheet and Net Interest Income Analysis
  
For the Quarter Ended
 September 30, 2020June 30, 2020September 30, 2019
Dollars in thousandsAverage
Balance		Earnings/
Expense		Yield/
Rate		Average
Balance		Earnings/
Expense		Yield/
Rate		Average
Balance		Earnings/
Expense		Yield/
Rate
Interest earning assets     
Loans, net of unearned fees (1)
     
Taxable$2,251,722 $26,656 4.71 %$2,118,158 $25,466 4.84 %$1,813,555 $24,786 5.42 %
Tax-exempt (2)16,245 191 4.68 %17,244 200 4.66 %15,903 195 4.86 %
Securities      
Taxable261,231 1,445 2.20 %248,792 1,453 2.35 %203,288 1,566 3.06 %
Tax-exempt (2)150,350 1,186 3.14 %120,385 1,012 3.38 %79,387 782 3.91 %
Federal funds sold and interest bearing deposits with other banks
60,639 57 0.37 %41,776 60 0.58 %35,214 125 1.41 %
Total interest earning assets2,740,187 29,535 4.29 %2,546,355 28,191 4.45 %2,147,347 27,454 5.07 %
Noninterest earning assets   
Cash & due from banks16,603   16,672 12,815 
Premises and equipment52,329   50,457 43,160 
Property held for sale17,801 18,122 21,180 
Other assets136,777   122,233 83,609 
Allowance for loan losses(28,144)  (25,799)(13,276)
Total assets$2,935,553   $2,728,040 $2,294,835 
Interest bearing liabilities   
Interest bearing demand deposits$850,281 $380 0.18 %$764,852 $369 0.19 %$594,772 $1,621 1.08 %
Savings deposits588,085 925 0.63 %512,634 1,200 0.94 %302,331 949 1.25 %
Time deposits585,092 2,247 1.53 %625,717 2,617 1.68 %674,869 3,644 2.14 %
Short-term borrowings165,555 734 1.76 %95,744 499 2.10 %202,425 1,372 2.69 %
Long-term borrowings and capital trust securities
23,230 194 3.32 %20,299 186 3.69 %20,312 243 4.75 %
Total interest bearing liabilities2,212,243 4,480 0.81 %2,019,246 4,871 0.97 %1,794,709 7,829 1.73 %
Noninterest bearing liabilities and shareholders' equity
   
Demand deposits421,741   417,992 240,193 
Other liabilities33,978   32,238 21,320 
Total liabilities2,667,962   2,469,476 2,056,222 
Shareholders' equity 267,591   258,564 238,613 
Total liabilities and shareholders' equity$2,935,553   $2,728,040 $2,294,835 
Net interest earnings $25,055  $23,320 $19,625 
Net yield on interest earning assets 3.64 %3.68 %3.63 %

(1)- For purposes of this table, nonaccrual loans are included in average loan balances.
(2)- Interest income on tax-exempt securities and loans has been adjusted assuming a Federal tax rate of 21% for all periods presented. The tax equivalent adjustment resulted in an increase in interest income of $289,000, $254,000, and $205,000 for the three months ended September 30, 2020, June 30, 2020 and September 30, 2020, respectively.

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Table II - Changes in Net Interest Income Attributable to Rate and Volume
 For the Quarter EndedFor the Quarter Ended
 September 30, 2020 vs. June 30, 2020September 30, 2020 vs. September 30, 2019
 Increase (Decrease) Due to Change in:Increase (Decrease) Due to Change in:
Dollars in thousandsVolumeRateNetVolumeRateNet
Interest earned on:    
Loans    
Taxable$1,794 $(604)$1,190 $5,431 $(3,561)$1,870 
Tax-exempt(10)1 (9)4 (8)(4)
Securities   
Taxable79 (87)(8)381 (502)(121)
Tax-exempt249 (75)174 583 (179)404 
Federal funds sold and interest bearing deposits with other banks
22 (25)(3)57 (125)(68)
Total interest earned on interest earning assets
2,134 (790)1,344 6,456 (4,375)2,081 
Interest paid on:    
Interest bearing demand deposits
42 (31)11 498 (1,739)(1,241)
Savings deposits165 (440)(275)603 (627)(24)
Time deposits(153)(217)(370)(443)(954)(1,397)
Short-term borrowings325 (90)235 (221)(417)(638)
Long-term borrowings and capital trust securities
27 (19)8 31 (80)(49)
Total interest paid on interest bearing liabilities
406 (797)(391)468 (3,817)(3,349)
Net interest income$1,728 $7 $1,735 $5,988 $(558)$5,430 

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Table III - Average Balance Sheet and Net Interest Income Analysis
  
For the Nine Months Ended
 September 30, 2020September 30, 2019
Dollars in thousandsAverage
Balance		Earnings/
Expense		Yield/
Rate		Average
Balance		Earnings/
Expense		Yield/
Rate
Interest earning assets     
Loans, net of unearned fees (1)
     
Taxable$2,102,331 $77,211 4.91 %$1,758,645 $71,877 5.46 %
Tax-exempt (2)16,121 576 4.77 %15,172 591 5.2 %
Securities      
Taxable256,322 4,657 2.43 %200,947 4,858 3.23 %
Tax-exempt (2)113,793 2,897 3.40 %98,084 2,920 3.98 %
Federal funds sold and interest bearing deposits with other banks
46,074 215 0.62 %41,642 490 1.57 %
Total interest earning assets2,534,641 85,556 4.51 %2,114,490 80,736 5.10 %
Noninterest earning assets      
Cash & due from banks15,901   12,941   
Premises and equipment49,655   40,983   
Property held for sale18,423 21,904 
Other assets120,228   87,080   
Allowance for loan losses(25,618)  (13,283)  
Total assets$2,713,230   $2,264,115   
Interest bearing liabilities      
Interest bearing demand deposits$753,384 $1,830 0.32 %$575,817 $5,016 1.16 %
Savings deposits516,841 3,462 0.89 %306,083 2,768 1.21 %
Time deposits608,551 7,796 1.71 %667,565 9,960 1.99 %
Short-term borrowings127,109 1,863 1.96 %196,622 4,241 2.88 %
Long-term borrowings and capital trust securities
21,284 600 3.77 %20,317 757 4.98 %
Total interest bearing liabilities2,027,169 15,551 1.02 %1,766,404 22,742 1.72 %
Noninterest bearing liabilities and shareholders' equity
      
Demand deposits393,128   243,356   
Other liabilities30,741   19,669   
Total liabilities2,451,038   2,029,429   
Shareholders' equity - common262,192   234,686   
Total liabilities and shareholders' equity$2,713,230   $2,264,115   
Net interest earnings $70,005  $57,994 
Net yield on interest earning assets 3.69 %3.67 %

(1)- For purposes of this table, nonaccrual loans are included in average loan balances.
(2)- Interest income on tax-exempt securities and loans has been adjusted assuming a Federal tax rate of 21%. The tax equivalent adjustment resulted in an increase in interest income of $730,000 and $737,000 for the nine months ended September 30, 2020 and 2019, respectively.
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Table IV - Changes in Net Interest Income Attributable to Rate and Volume
 For the Nine Months Ended
 September 30, 2020 versus September 30, 2019
 Increase (Decrease) Due to Change in:
Dollars in thousandsVolumeRateNet
Interest earned on:   
Loans   
Taxable$13,135 $(7,801)$5,334 
Tax-exempt36 (51)(15)
Securities   
Taxable1,167 (1,368)(201)
Tax-exempt433 (456)(23)
Federal funds sold and interest bearing deposits with other banks
47 (322)(275)
Total interest earned on interest earning assets
14,818 (9,998)4,820 
Interest paid on:   
Interest bearing demand deposits
1,219 (4,405)(3,186)
Savings deposits1,550 (856)694 
Time deposits(833)(1,331)(2,164)
Short-term borrowings(1,247)(1,131)(2,378)
Long-term borrowings and capital trust securities
35 (192)(157)
Total interest paid on interest bearing liabilities
724 (7,915)(7,191)
Net interest income$14,094 $(2,083)$12,011 


Noninterest Income

Total noninterest income for the nine months ended September 30, 2020 decreased 3.3% compared to the same period of 2019 principally due to lower insurance commissions due to the sale of SIS and the gain on sale of SIS recognized in 2019. On a quarterly basis, total noninterest income was 65.1% higher in 2020 compared to 2019 primarily due to higher realized securities gains. Also, mortgage origination revenue increased during 2020 due to higher volumes of secondary market loans driven primarily by historically low interest rates. Further detail regarding noninterest income is reflected in the following table.
Table V - Noninterest Income  
 For the Quarter Ended September 30,For the Nine Months Ended September 30,
Dollars in thousands2020201920202019
Insurance commissions$44 $40 $75 $1,821 
Trust and wealth management fees622 632 1,870 1,830 
Mortgage origination revenue780 77 1,636 392 
Service charges on deposit accounts1,138 1,312 3,283 3,716 
Bank card revenue1,237 924 3,257 2,631 
Realized securities gains1,522 453 2,560 1,535 
Gain on sale of Summit Insurance Services, LLC— — — 1,906 
Bank owned life insurance income795 247 1,334 733 
Other69 74 292 235 
Total$6,207 $3,759 $14,307 $14,799 


Noninterest Expense
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Total noninterest expense increased 21.1% for the three months ended September 30, 2020 compared to the same period of 2019 primarily due to higher salaries, commissions, and employee benefits and increased 8.8% for the nine months ended September 30, 2020 as compared to the same period of 2019 with lower foreclosed properties expense being offset by higher salaries, commissions, and employee benefits and increased merger expenses. Table VI below shows the breakdown of the changes.
Table VI - Noninterest Expense
 For the Quarter Ended September 30,For the Nine Months Ended September 30,
  Change  Change 
Dollars in thousands2020
 $
%20192020 $%2019
Salaries, commissions, and employee benefits
$8,108 $1,064 15.1 %$7,044 $23,709 $1,743 7.9 %$21,966 
Net occupancy expense1,057 258 32.3 %799 2,917 315 12.1 %2,602 
Equipment expense1,474 178 13.7 %1,296 4,263 569 15.4 %3,694 
Professional fees364 (24)(6.2)%388 1,168 (98)(7.7)%1,266 
Advertising and public relations
145 (32)(18.1)%177 389 (95)(19.6)%484 
Amortization of intangibles
412 8 2.0 %404 1,251 (49)(3.8)%1,300 
FDIC premiums320 320 n/a— 595 507 576.1 %88 
     Bank card expense589 134 29.5 %455 1,652 285 20.8 %1,367 
Foreclosed properties expense, net607 302 99.0 %305 1,815 (421)(18.8)%2,236 
Merger-related expenses
28 (46)(62.2)%74 1,453 934 180.0 %519 
Other2,405 541 29.0 %1,864 6,493 20 0.3 %6,473 
Total$15,509 $2,703 21.1 %$12,806 $45,705 $3,710 8.8 %$41,995 

Salaries, commissions, and employee benefits: The increases in these expenses for the three and nine months ended September 30, 2020 compared to the same periods of 2019 are primarily due to an increase in number of employees, resulting from the Cornerstone and MVB branch acquisitions, and general merit raises.

Equipment: The increase in equipment expense is primarily increased depreciation and amortization related to various technological upgrades, both hardware and software, made during the past two years and also the Cornerstone and MVB branch acquisitions.

FDIC premiums: For the 2020 periods, FDIC premiums increased as we fully utilized our FDIC's Small Bank Assessment Credits resulting from the reserve ratio meeting the required 1.38 percent threshold and also due to a higher assessment base due to growth in our balance sheet. We expect increased assessments to continue throughout 2020.

Foreclosed properties expense, net: The decrease in foreclosed properties expense, net of gains/losses, for the nine months ended September 30, 2020 is primarily due to realized gains on sales in 2020 versus realized losses in the same period of 2019; the increase in these expenses for the three months ended September 30, 2020 is primarily due to higher writedowns of foreclosed properties to their fair value.

Merger-related expenses: Merger-related expenses during 2020 are related to the Cornerstone and MVB branch acquisitions.

Other: The increase in other expenses for the three months ended September 30, 2020 is largely due to deferred director compensation plan expense of $325,000 in 2020 compared to $6,000 expense in the comparable period of 2019 as a result of the stock market's overall positive performance during Q3 2020. Under the plan, the directors optionally defer their director fees into a "phantom" investment plan whereby the company recognizes expense or benefit relative to the phantom returns or losses of such investments. However, for the nine months ended September 30, 2020, deferred director compensation expense totaled $316,000 compared to $664,000 for the comparable period of 2019 as the stock market's performance year-to-date 2020 has been significantly less than during the same period of 2019. Additionally, servicing charges related to mortgage warehouse lines increased to $580,000 for the 2020 period compared to $241,000 during the comparable period of 2019, which is reflective of our increased participations.

Income Taxes

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Our income tax expense for the three months ended September 30, 2020 and September 30, 2019 totaled $2.6 million and $1.8 million, respectively. For the nine months ended September 30, 2020 and September 30, 2019, our income taxes totaled $5.3 million and $5.3 million, respectively. Our effective tax rate (income tax expense as a percentage of income before taxes) for the quarters ended September 30, 2020 and 2019 was 21.2% and 18.4%, respectively and for the nine months ended September 30, 2020 and September 30, 2019 was 20.1% and 18.2%, respectively. Refer to Note 16 of the accompanying financial statements for further information regarding our income taxes.

Credit Experience

For purposes of this discussion, nonperforming assets include foreclosed properties, other repossessed assets, and nonperforming loans, which is comprised of loans 90 days or more past due and still accruing interest and nonaccrual loans. Performing TDRs are excluded from nonperforming loans.

The provision for credit losses represents charges to earnings necessary to maintain an adequate allowance to cover an estimate of the full amount of expected credit losses relative to loans. Our determination of the appropriate level of the allowance is based on an ongoing analysis of credit quality and loss potential in the loan portfolio, change in the composition and risk characteristics of the loan portfolio, and the anticipated influence of national and local economic conditions.  The adequacy of the allowance for loan losses is reviewed quarterly and adjustments are made as considered necessary.

We recorded $11.5 million and $1.05 million provisions for credit losses (for both funded loans and unfunded commitments) for the first nine months of 2020 and 2019. The projected economic impact of COVID-19 on our loss drivers over the reasonable and supportable forecast period created the need for $7.2 million of additional ACL, which includes the ACL for unfunded commitments. Approximately $1.1 million of the provision was the result of additional ACLL due to the acquisition of Cornerstone and MVB loans. Changes in loan volume and the mix in the underlying portfolio resulted in a $1.1 million increase in the ACLL for the quarter.

We incurred net loan charge-offs of $1,014,000 in third quarter 2020 (0.18 percent of average loans annualized), which included an $880,000 charge-off of a commercial real estate relationship which had previously been fully reserved and exhibited weakness prior to the COVID-19 pandemic, compared to $711,000 net loan charge-offs during third quarter 2019. Net loan charge-offs for the nine months ended September 30, 2020 and 2019 totaled $1.8 million and $1.2 million, respectively.
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As illustrated in Table VII below, our non-performing assets have decreased since year end 2019.
Table VII - Summary of Non-Performing Assets   
 September 30,December 31,
Dollars in thousands202020192019
Accruing loans past due 90 days or more$2 $39 $42 
Nonaccrual loans   
Commercial553 835 764 
Commercial real estate4,313 7,037 5,800 
Commercial construction and development— — — 
Residential construction and development2 191 326 
Residential real estate5,104 4,461 4,404 
Consumer29 76 74 
Other— 100 100 
Total nonaccrual loans10,001 12,700 11,468 
Foreclosed properties   
Commercial— — — 
Commercial real estate2,499 1,514 1,930 
Commercial construction and development4,154 4,910 4,601 
Residential construction and development10,330 12,846 11,169 
Residential real estate847 1,709 1,576 
Total foreclosed properties17,830 20,979 19,276 
Repossessed assets— 16 17 
Total nonperforming assets$27,833 $33,734 $30,803 
Total nonperforming loans as a percentage of total loans0.44 %0.69 %0.60 %
Total nonperforming assets as a percentage of total assets0.94 %1.45 %1.28 %
Allowance for credit losses-loans as a percentage of nonperforming loans293.45 %101.59 %113.58 %
Allowance for credit losses-loans as a percentage of period end loans1.30 %0.70 %0.68 %

The following table details the activity regarding our foreclosed properties for the three and nine months ended September 30, 2020 and 2019.
Table VIII - Foreclosed Property Activity
 For the Three Months Ended 
 September 30,		For the Nine Months Ended 
 September 30,
Dollars in thousands2020201920202019
Beginning balance$17,954 $21,390 $19,276 $21,432 
Acquisitions725 106 888 4,009 
Improvements177 55 1,249 88 
Disposals(470)(439)(1,863)(2,972)
Writedowns to fair value(555)(133)(1,719)(1,578)
Balance September 30$17,831 $20,979 $17,831 $20,979 
 
Refer to Note 6 of the accompanying consolidated financial statements for information regarding our past due loans, nonaccrual loans, troubled debt restructurings and information regarding our methodology we employ on a quarterly basis to evaluate the overall adequacy of our allowance for credit losses.

At September 30, 2020 and December 31, 2019, our allowance for loan credit losses totaled $29.4 million, or 1.30% of total loans and $13.1 million, or 0.68% of total loans. The allowance for loan credit losses is considered adequate to cover an estimate of the full amount of expected credit losses relative to loans.

At September 30, 2020 and December 31, 2019 we had approximately $17.8 million and $19.3 million in foreclosed properties which were obtained as the result of foreclosure proceedings.  Although foreclosed property is recorded at fair value less estimated costs to sell, the prices ultimately realized upon their sale may or may not result in us recognizing additional gains or losses.
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FINANCIAL CONDITION

Our total assets were $2.95 billion at September 30, 2020 and $2.40 billion at December 31, 2019.  Table IX below is a summary of significant changes in our financial position between December 31, 2019 and September 30, 2020.
Table IX - Summary of Significant Changes in Financial Position
Increase (Decrease)
 Balance at December 31, 2019Impact of Cornerstone AcquisitionImpact of MVB Branches AcquisitionOther ChangesBalance at September 30, 2020
Dollars in thousands
Assets   
Cash and cash equivalents$61,888 $46,034 137,654 $(136,590)$108,986 
Securities available for sale276,355 90,028 — (68,394)297,989 
Securities held to maturity— — — 91,600 91,600 
Other investments12,972 349 — (2,555)10,766 
Loans, net1,900,425 39,461 33,942 248,622 2,222,450 
Property held for sale19,276 10 — (1,455)17,831 
Premises and equipment44,168 664 2,334 5,714 52,880 
Goodwill and other intangibles23,022 11,539 14,790 (1,250)48,101 
Cash surrender value of life insurance policies43,603 2,715 — 10,711 57,029 
Other assets21,783 1,186 114 16,147 39,230 
Total assets$2,403,492 $191,986 $188,834 $162,550 $2,946,862 
Liabilities   
Deposits$1,913,237 $173,266 188,732 $176,656 $2,451,891 
Short-term borrowings199,345 — — (59,200)140,145 
Long-term borrowings717 — — (14)703 
  Subordinated debentures— — — 29,336 29,336 
Subordinated debentures owed to
unconsolidated subsidiary trusts
19,589 — — — 19,589 
Other liabilities22,840 3,279 102 7,014 33,235 
Shareholders' Equity247,764 15,441 — 8,758 271,963 
Total liabilities and shareholders' equity$2,403,492 $191,986 188,834 $162,550 $2,946,862 

The following is a discussion of the significant changes in our financial position during the first nine months of 2020:

Cash and cash equivalents: Net reduction of $136.6 million is primarily attributable to repayments of short-term Federal Home Loan Bank ("FHLB") advances, funding of $101.3 million of PPP loans and the cash consideration of $14.3 million paid in conjunction with the Cornerstone acquisition.

Securities available for sale: The net decrease of $68.4 million in securities available for sale is principally a result of sales of a large portion of the acquired Cornerstone securities portfolio and the sales of a portion of our tax-exempt municipals securities, whose proceeds were used to fund loan growth and calls and maturities of brokered and direct CDs.

Securities held to maturity: During second quarter 2020, we invested in various municipal securities that we have classified as held to maturity as we have the positive intent and ability to hold them to maturity. Accordingly, they are carried at cost, adjusted for amortization of premiums and accretion of discounts.

Loans: Mortgage warehouse lines of credit grew $117.5 million during the first nine months of 2020 as we expanded our existing line participations and established two new participations in light of strong mortgage refinance and home purchase activity nationally. Excluding mortgage warehouse lines of credit and Cornerstone and MVB loans acquired, organic loan growth was $145.7 million during the first nine months of 2020, of which $101.3 growth was PPP loans.

Other assets: During 2020, the largest increases in Other assets are as follows:
•Right-of-use asset increased $3.0 million due to a new operating lease entered into for a Reston, Virginia location
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•Net derivative assets increased $4.6 million due to a newly entered interest rate cap
•Deferred tax assets have increased $5.5 million primarily due to deferred taxes related to increased allowance for credit losses

Deposits: During the first nine months of 2020, noninterest bearing checking deposits increased $159.5 million, interest bearing checking deposits grew $237.1 million, savings deposits grew $180.5 million, and retail CDs increased $41.4 million while brokered CDs declined $86.4 million and Direct CDs decreased $29.3 million.

Short-term borrowings: The net decrease in short-term borrowings was attributable to repayments of short-term FHLB advances primarily using cash acquired in conjunction with the Cornerstone and MVB branches acquisitions and proceeds from sales of securities.

Subordinated debentures: We issued $30 million of subordinated debt in Q3 2020 in a private placement transaction. The subordinated debt qualifies as Tier 2 capital under Federal Reserve Board guidelines, until the debt is within 5 years of its maturity; thereafter the amount qualifying as Tier 2 capital is reduced by 20 percent each year until maturity. This subordinated debt, bears interest at a fixed rate of 5.00% per year, from and including September 22, 2020 to, but excluding, September 30, 2025, payable quarterly in arrears. From and including September 30, 2025 to, but excluding, the maturity date or earlier redemption date, the interest rate will reset quarterly at a variable rate equal to the then current three-month term Secured Overnight Financing Rate (“SOFR”), as published by the Federal Reserve Bank of New York, plus 487 basis points, payable quarterly in arrears. As provided in the Notes, the interest rate on the Notes during the applicable floating rate period may be determined based on a rate other than three-month term SOFR. This debt has a 10 year term and generally, is not prepayable by us within the first five years.

Shareholders' equity: Changes in shareholders' equity are a result of net income, other comprehensive income, dividends and the impact on retained earnings for adoption of ASC 326 on January 1, 2020.

Refer to Notes 5, 6, 8, and 9 of the notes to the accompanying consolidated financial statements for additional information with regard to changes in the composition of our securities, loans, deposits and borrowings between September 30, 2020 and December 31, 2019.

LIQUIDITY AND CAPITAL RESOURCES

Liquidity reflects our ability to ensure the availability of adequate funds to meet loan commitments and deposit withdrawals, as well as provide for other transactional requirements.  Liquidity is provided primarily by funds invested in cash and due from banks (net of float and reserves), Federal funds sold, non-pledged securities, and available lines of credit with the Federal Home Loan Bank of Pittsburgh (“FHLB”) and Federal Reserve Bank of Richmond, which totaled approximately $1.2 billion or 40.32% of total consolidated assets at September 30, 2020.

Our liquidity strategy is to fund loan growth with deposits and other borrowed funds while maintaining an adequate level of short- and medium-term investments to meet normal daily loan and deposit activity.  As a member of the FHLB, we have access to approximately $873 million.  As of September 30, 2020 and December 31, 2019, these advances totaled approximately $141 million and $200 million, respectively.  At September 30, 2020, we had additional borrowing capacity of $733 million through FHLB programs.  We have established a line with the Federal Reserve Bank to be used as a contingency liquidity vehicle.  The amount available on this line at September 30, 2020 was approximately $169 million, which is secured by a pledge of certain consumer and our commercial and industrial loan portfolios.  We have a $6 million unsecured line of credit with a correspondent bank.  Also, we have a $298 million portfolio of available for sale securities which can be liquidated to meet liquidity needs.
 
Liquidity risk represents the risk of loss due to the possibility that funds may not be available to satisfy current or future commitments based on external market issues, customer or creditor perception of financial strength, and events unrelated to Summit such as war, terrorism, pandemic or financial institution market specific issues.  The Asset/Liability Management Committee (“ALCO”), comprised of members of senior management and certain members of the Board of Directors, oversees our liquidity risk management process.   The ALCO develops and recommends policies and limits governing our liquidity to the Board of Directors for approval with the objective of ensuring that we can obtain cost-effective funding to meet current and future obligations, as well as maintain sufficient levels of on-hand liquidity, under both normal and “stressed” circumstances.
 
We continuously monitor our liquidity position to ensure that day-to-day as well as anticipated funding needs are met.  We are not aware of any trends, commitments, events or uncertainties that have resulted in or are reasonably likely to result in a material change to our liquidity.
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One of our continuous goals is maintenance of a strong capital position.  Through management of our capital resources, we seek to provide an attractive financial return to our shareholders while retaining sufficient capital to support future growth.  Shareholders’ equity at September 30, 2020 totaled $272.0 million compared to $247.8 million at December 31, 2019.

Refer to Note 12 of the notes to the accompanying consolidated financial statements for additional information regarding regulatory restrictions on our capital as well as our subsidiaries’ capital.

CONTRACTUAL CASH OBLIGATIONS

During our normal course of business, we incur contractual cash obligations.  The following table summarizes our contractual cash obligations at September 30, 2020.
Table X - Contractual Cash Obligations 
Dollars in thousandsLong
Term
Debt		Subordinated DebenturesCapital
Trust
Securities		Operating
Leases
2019$5 $— $— $297 
202020 — — 480 
202121 — — 443 
202222 — — 305 
202322 — — 261 
Thereafter613 29,336 19,589 1,325 
Total$703 $29,336 $19,589 $3,111 

OFF-BALANCE SHEET ARRANGEMENTS

We are involved with some off-balance sheet arrangements that have or are reasonably likely to have an effect on our financial condition, liquidity, or capital.  These arrangements at September 30, 2020 are presented in the following table.
Table XI - Off-Balance Sheet ArrangementsSeptember 30,
Dollars in thousands2020
Commitments to extend credit: 
Revolving home equity and credit card lines$88,214 
Construction loans110,896 
Other loans320,318 
Standby letters of credit11,200 
Total$530,628 





















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Item 3. Quantitative and Qualitative Disclosures about Market Risk

Market Risk Management

Market risk is the risk of loss arising from adverse changes in the fair value of financial instruments due to changes in interest rates, exchange rates and equity prices.  Interest rate risk is our primary market risk and results from timing differences in the repricing of assets, liabilities and off-balance sheet instruments, changes in relationships between rate indices and the potential exercise of imbedded options.  The principal objective of asset/liability management is to minimize interest rate risk and our actions in this regard are taken under the guidance of our Asset/Liability Management Committee (“ALCO”), which is comprised of members of senior management and members of the Board of Directors.  The ALCO actively formulates the economic assumptions that we use in our financial planning and budgeting process and establishes policies which control and monitor our sources, uses and prices of funds.

Some amount of interest rate risk is inherent and appropriate to the banking business.  Our net income is affected by changes in the absolute level of interest rates.  Our interest rate risk position is well-matched over the near-term. That is, absent any changes in the volumes of our interest earning assets or interest bearing liabilities, assets are likely to reprice faster than liabilities, resulting in an increase in net income in a rising rate environment.  Net income would decrease in a falling interest rate environment.  Net income is also subject to changes in the shape of the yield curve.  In general, a flattening yield curve would decrease our earnings due to the compression of earning asset yields and funding rates, while a steepening would increase earnings as margins widen.

Several techniques are available to monitor and control the level of interest rate risk.  We control interest rate risk principally by matching the maturities of our interest earning assets with similar maturing interest bearing liabilities and by hedging adverse risk exposures with derivative financial instruments such as interest rate swaps and caps. We primarily use earnings simulations modeling to monitor interest rate risk.  The earnings simulation model forecasts the effects on net interest income under a variety of interest rate scenarios that incorporate changes in the absolute level of interest rates and changes in the shape of the yield curve.  Each increase or decrease in interest rates is assumed to gradually take place over either the next 12 months or the next 24 months (as footnoted in table below), and then remain stable.  Assumptions used to project yields and rates for new loans and deposits are derived from historical analysis.  Securities portfolio maturities and prepayments are reinvested in like instruments.  Mortgage loan prepayment assumptions are developed from industry estimates of prepayment speeds.  Noncontractual deposit repricings are modeled on historical patterns.

The following table presents the estimated sensitivity of our net interest income to changes in interest rates, as measured by our earnings simulation model as of September 30, 2020.  The sensitivity is measured as a percentage change in net interest income given the stated changes in interest rates (gradual change over 12 months, stable thereafter) compared to net interest income with rates unchanged in the same period.  The estimated changes set forth below are dependent on the assumptions discussed above.
Estimated % Change in
Net Interest Income over:
Change in0 - 12 Months13 - 24 Months
Interest RatesActualActual
Down 100  basis points (1)0.32 %-4.52 %
Up 200 basis points (1)-2.87 %-2.64 %
Up 200 basis points (2)-1.51 %-4.92 %
(1) assumes a parallel shift in the yield curve over 12 months, with no change thereafter
(2) assumes a parallel shift in the yield curve over 24 months, with no change thereafter


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Item 4. Controls and Procedures

Our management, including the Chief Executive Officer and Chief Financial Officer, has conducted as of September 30, 2020, an evaluation of the effectiveness of disclosure controls and procedures as defined in Exchange Act Rule 13a-15(e).  Based on that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the disclosure controls and procedures as of September 30, 2020 were effective.  There were no changes in our internal control over financial reporting that occurred during the quarter ended September 30, 2020, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
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Part II. Other Information


Item 1.  Legal Proceedings

Refer to Note 11 of the Notes to the Consolidated Financial Statements in Part I, Item 1 for information regarding legal proceedings not reportable under this Item.

Item 1A.  Risk Factors

In addition to the other information set forth in this report, you should carefully consider the factors discussed in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2019. The following risk factor is provided to supplement that discussion.

Our business, financial condition, liquidity and results of operations have been, and will likely continue to be, adversely affected by the COVID-19 pandemic.

In March 2020, the World Health Organization declared COVID-19 as a global pandemic. The COVID-19 pandemic has created economic and financial disruptions that have adversely affected, and are likely to continue to adversely affect, our business, financial condition, liquidity and results of operations. The extent to which the COVID-19 pandemic will continue to negatively affect our business, financial condition, liquidity and results of operations will depend on future developments, which are highly uncertain and cannot be predicted, including the scope and duration of the pandemic, the effectiveness of our plans, the direct and indirect impact of the pandemic on our employees, clients, counterparties and service providers, as well as other market participants, and actions taken by governmental authorities and other third parties in response to the pandemic.

The COVID-19 pandemic has contributed to:

•Severe unemployment and business disruption and decreased consumer confidence and commercial activity generally, leading to an increased risk of delinquencies, defaults and foreclosures.
•Higher and more volatile credit loss expense and high potential for increased charge-offs.
•Ratings downgrades, credit deterioration and defaults in many industries, particularly restaurants, hospitality, entertainment, energy and commercial real estate.
•A sudden and significant reduction in the valuation of the equity, fixed-income and commodity markets and the significant increase in the volatility of those markets.
•A decrease in the rates and yields on U.S. Treasury securities, which may lead to decreased net interest income.
•A reduction in the value of the assets that we manage or otherwise administer or service for others, affecting related fee income and demand for our services.

Our financial position and results of operations are particularly susceptible to the ability of our loan customers to meet loan obligations, the availability of our workforce and the availability of our critical vendors. While its effects continue to materialize, the COVID-19 crisis has resulted in a significant decrease in commercial activity throughout our market area as well as nationally. This decrease in commercial activity may cause our clients and vendors to be unable to meet existing payment or other obligations to us. The national public health crisis arising from the COVID-19 crisis and public expectations about it, combined with certain pre-existing factors, including, but not limited to, international trade disputes, inflation risks and oil price volatility, could further destabilize the financial markets and geographies in which we operate. The resulting economic pressure on consumers and uncertainty regarding the sustainability of any economic improvements has impacted the creditworthiness of potential and current borrowers. Borrower loan defaults that adversely affect our earnings correlate with severely deteriorating economic conditions including the unemployment rate, which, in turn, are likely to impact our borrowers' creditworthiness and our ability to make loans.

In addition, the economic pressures and uncertainties arising from the COVID-19 crisis may result in specific changes in consumer and business spending and borrowing and saving habits, affecting the demand for loans and other products and services we offer. Consumers affected by COVID-19 may continue to demonstrate changed behavior even after the crisis is over. For example, consumers may decrease discretionary spending on a permanent or long-term basis, certain industries may take longer to recover -- particularly those that rely on travel or large gatherings -- as consumers may be hesitant to return to full social interaction. We lend to customers operating in such industries including restaurants, hotels/lodging, entertainment, energy, retail and commercial real estate, among others, that have been significantly impacted by COVID-19, and we are continuing to monitor these customers closely.

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Any disruption to our ability to deliver financial products or services to, or interact with, our clients could result in losses or increased operational costs, harm our reputation or result in regulatory fines, penalties and other sanctions. The COVID-19 crisis could still greatly affect our routine and essential operations due to further limited access to or closures of our branch facilities and other physical offices; and government or regulatory agency orders, among other things. The business and operations of our third-party service providers, many of whom perform critical services for our business, could also be significantly impacted, which in turn could impact us.

The Federal Reserve has taken various actions and the U.S. government has enacted several fiscal stimulus measures to counteract the economic disruption caused by the COVID-19 pandemic and provide economic assistance to individual households and businesses, stabilize the markets and support economic growth. The success of these measures is unknown and they may not be sufficient to fully mitigate the negative impact of the COVID-19 pandemic.

We face an increased risk of litigation and governmental, regulatory and third-party scrutiny as a result of the effects of COVID-19 on market and economic conditions and actions governmental authorities take in response to those conditions. Furthermore, various governmental programs such as the Paycheck Protection Program loan program are complex and our participation may lead to additional litigation and governmental, regulatory and third-party scrutiny, negative publicity and damage to our reputation.
The extent to which the COVID-19 pandemic impacts our business, results of operations and financial condition will depend on future developments, which are highly uncertain and are difficult to predict, including, but not limited to, the duration and spread of the pandemic, its severity, the actions to contain the virus or treat its impact, and how quickly and to what extent normal economic and operating conditions can resume. Even after the COVID-19 pandemic has subsided, we may continue to experience materially adverse impacts to our business as a result of the virus’s global economic impact, including the availability of credit, adverse impacts on our liquidity and any recession that has occurred or may occur in the future.
There are no comparable recent events that provide guidance as to the effect the spread of COVID-19 as a global pandemic may have, and, as a result, the ultimate impact of the outbreak is highly uncertain and subject to change. We do not yet know the full extent of the impacts on our business, our operations or the global economy as a whole. However, the effects could have a material impact on our results of operations and heighten many of our known risks described in the “Risk Factors” section of our Annual Report on Form 10-K for the year ended December 31, 2019.

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

In February 2020, the Board of Directors authorized the open market repurchase of up to 750,000 shares of the issued and outstanding shares of Summit's common stock ("February 2020 Repurchase Plan"). The timing and quantity of purchases under this stock repurchase plan are at the discretion of management. The plan may be discontinued, suspended, or restarted at any time at the Company's discretion.

No repurchases of Company shares were made during the quarter ended September 30, 2020.

PeriodTotal Number of Shares Purchased Average Price Paid per ShareTotal Number of Shares Purchased as Part of Publicly Announced Plans or ProgramsMaximum Number of Shares that May Yet be Purchased Under the Plans or Programs
July 1, 2020 - July 31, 2020— $— — 674,667 
August 1, 2020 - August 31, 2020— — — 674,667 
September 1, 2020 - September 30, 2020— — — 674,667 






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Item 6. Exhibits
Exhibit 3.iAmended and Restated Articles of Incorporation of Summit Financial Group, Inc.
  
Exhibit 3.iiArticles of Amendment 2009
  
Exhibit 3.iiiArticles of Amendment 2011
  
Exhibit 3.ivAmended and Restated By-Laws of Summit Financial Group, Inc.
  
Exhibit 11Statement re: Computation of Earnings per Share – Information contained in Note 4 to the Consolidated Financial Statements on page 13 of this Quarterly Report is incorporated herein by reference.
  
Exhibit 31.1Sarbanes-Oxley Act Section 302 Certification of Chief Executive Officer
  
Exhibit 31.2Sarbanes-Oxley Act Section 302 Certification of Chief Financial Officer
  
Exhibit 32.1Sarbanes-Oxley Act Section 906 Certification of Chief Executive Officer
  
Exhibit 32.2Sarbanes-Oxley Act Section 906 Certification of Chief Financial Officer
  
Exhibit 101Interactive Data File (XBRL)
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EXHIBIT INDEX

Exhibit No.DescriptionPage
Number
(3)Articles of Incorporation and By-laws: 
 (a)
 (b)
 (c)
 (d)
1114
   
31.1 
   
31.2 
   
32.1* 
   
32.2* 
101**Interactive data file (XBRL) 

*Furnished, not filed.
** As provided in Rule 406T of Regulation S-T, this information is furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933 and Section 18 of the Securities Exchange Act of 1934.

(a)Incorporated by reference to Exhibit 3.i of Summit Financial Group, Inc.’s filing on Form 10-Q dated March 31, 2006.
(b)Incorporated by reference to Exhibit 3.1 of Summit Financial Group, Inc.’s filing on Form 8-K dated September 30, 2009.
(c)Incorporated by reference to Exhibit 3.1 of Summit Financial Group, Inc.’s filing on Form 8-K dated November 3, 2011.
(d)Incorporated by reference to Exhibit 3.1 of Summit Financial Group, Inc.’s filing on Form 10-Q dated March 26, 2020.

Table of Contents
66

SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 SUMMIT FINANCIAL GROUP, INC.
 (registrant)
   
   
   
   
 By:/s/ H. Charles Maddy, III
 H. Charles Maddy, III,
 President and Chief Executive Officer
   
   
   
 By:/s/ Robert S. Tissue
 Robert S. Tissue,
 Executive Vice President and Chief Financial Officer
   
   
   
 By:/s/ Julie R. Markwood
 Julie R. Markwood,
 Senior Vice President and Chief Accounting Officer
   
   
Date:November 5, 2020  



Table of Contents
67
 Document

   Exhibit 31.1
SARBANES-OXLEY ACT SECTION 302
CERTIFICATION OF CHIEF EXECUTIVE OFFICER

I, H. Charles Maddy, III, certify that:

1.I have reviewed this quarterly report on Form 10-Q of Summit Financial Group, Inc.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):

a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b)Any fraud, whether or not material, that involves management or other employees who have a significant role in registrant’s internal control over financial reporting.

/s/ H. Charles Maddy, III
H. Charles Maddy, III,
President and Chief Executive Officer
Date:November 5, 2020



Document

Exhibit 31.2

SARBANES-OXLEY ACT SECTION 302
CERTIFICATION OF CHIEF FINANCIAL OFFICER

I, Robert S. Tissue, certify that:

1.I have reviewed this quarterly report on Form 10-Q of Summit Financial Group, Inc.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):

a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b)Any fraud, whether or not material, that involves management or other employees who have a significant role in registrant’s internal control over financial reporting.

/s/ Robert S. Tissue
Robert S. Tissue
Executive Vice President and Chief Financial Officer
Date:November 5, 2020

Document

Exhibit 32.1


SARBANES-OXLEY ACT SECTION 906
CERTIFICATION OF CHIEF EXECUTIVE OFFICER


In connection with this Quarterly Report of Summit Financial Group, Inc. ("Summit “) on Form 10-Q for the period ending September 30, 2020 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, H. Charles Maddy, III, President and Chief Executive Officer of Summit, certify pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1)    The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act  of 1934; and

(2)    The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of Summit.
 /s/ H. Charles Maddy, III
 H. Charles Maddy, III,
 President and Chief Executive Officer
  
  
Date:November 5, 2020 



The foregoing certification is being furnished solely pursuant to 18 U.S.C. § 1350 and is not being filed as part of the Report or as a separate disclosure document.

Document

Exhibit 32.2


SARBANES-OXLEY ACT SECTION 906
CERTIFICATION OF CHIEF FINANCIAL OFFICER


In connection with this Quarterly Report of Summit Financial Group, Inc. ("Summit “) on Form 10-Q for the period ending September 30, 2020 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Robert S. Tissue, Executive Vice President and Chief Financial Officer of Summit, certify pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1)The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act  of 1934; and

(2)The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of Summit.
 /s/ Robert S. Tissue
 Robert S. Tissue,
 Executive Vice President and Chief Financial Officer
  
  
Date:November 5, 2020 



The foregoing certification is being furnished solely pursuant to 18 U.S.C. § 1350 and is not being filed as part of the Report or as a separate disclosure document.

v3.20.2
Document And Entity Information - shares
 9 Months Ended
Sep. 30, 2020
Nov. 02, 2020
Document And Entity Information    
Title of 12(b) Security Common Stock, Par Value $2.50 per share  
Entity Address, Address Line One 300 North Main Street  
Entity Incorporation, State or Country Code WV  
Entity Interactive Data Current Yes  
Entity Registrant Name Summit Financial Group, Inc.  
City Area Code 304  
Local Phone Number 530-1000  
Entity Central Index Key 0000811808  
Current Fiscal Year End Date --12-31  
Entity Filer Category Accelerated Filer  
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Sep. 30, 2020  
Document Transition Report false  
Entity File Number 0-16587  
Document Fiscal Year Focus 2020  
Document Fiscal Period Focus Q3  
Amendment Flag false  
Entity Shell Company false  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Common Stock, Shares Outstanding   12,982,493
Entity Current Reporting Status Yes  
Entity Tax Identification Number 55-0672148  
Entity Address, City or Town Moorefield  
Entity Address, State or Province WV  
Entity Address, Postal Zip Code 26836  
Trading Symbol SMMF  
Security Exchange Name NASDAQ  
v3.20.2
Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 16,257 $ 28,137 [1]
Interest bearing deposits with other banks 92,729 33,751 [1]
Cash and cash equivalents 108,986 61,888 [1]
Debt Securities, Available-for-sale 297,989 276,355 [1]
Debt Securities, Held-to-maturity 91,600 0
Other investments 10,766 12,972 [1]
Loans held for sale 2,538 1,319 [1]
Loans and Leases Receivable, Net of Deferred Income 2,251,804 1,913,499 [1]
Loans and Leases Receivable, Allowance (29,354) (13,074) [1]
Loans and Leases Receivable, Net Amount 2,222,450 1,900,425 [1]
Property held for sale 17,831 19,276 [1]
Premises and equipment, net 52,880 44,168 [1]
Accrued interest receivable 10,978 8,439 [1]
Goodwill and other intangible assets 48,101 23,022 [1]
Cash surrender value of life insurance policies and annuities 57,029 43,603 [1]
Other assets 25,714 12,025 [1]
Total assets 2,946,862 2,403,492 [1]
Deposits    
Non-interest bearing 420,070 260,553 [1]
Interest bearing 2,031,821 1,652,684 [1]
Total deposits 2,451,891 1,913,237 [1]
Short-term borrowings 140,145 199,345 [1]
Long-term borrowings 703 717 [1]
Subordinated Debt 29,336 0
Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 [1]
Other liabilities 33,235 22,840 [1]
Total liabilities 2,674,899 2,155,728 [1]
Commitments and Contingencies [1]
Shareholders' Equity    
Preferred Stock, Value, Issued 0 0 [1]
Common stock and related surplus, $2.50 par value; authorized 20,000,000 shares; issued: 2020 - 12,981,717 shares and 2019 - 12,474,641 shares; outstanding: 2020 - 12,932,415 shares and 2019 - 12,408,542 94,717 80,084 [1]
Unallocated common stock held by Employee Stock Ownership Plan - 2020 - 49,302 shares and 2019 - 66,099 shares (532) (714) [1]
Retained earnings 173,588 165,859 [1]
Accumulated other comprehensive income 4,190 2,535 [1]
Total shareholders' equity 271,963 247,764 [1]
Total liabilities and shareholders' equity 2,946,862 $ 2,403,492 [1]
Debt Securities, Held-to-maturity, Fair Value $ 92,786  
Preferred Stock, Shares Authorized 250,000 250,000
Common stock, shares outstanding 12,932,415 12,408,542
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares 49,302 66,099
Preferred Stock, Par or Stated Value Per Share $ 1.00 $ 1.00
Common stock, par value (in dollars per share) $ 2.50 $ 2.50
Common stock, shares authorized 20,000,000 20,000,000
Common stock, shares issued 12,981,717 12,474,641
[1] Derived from audited consolidated financial statements
v3.20.2
Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Common stock, par value (in dollars per share) $ 2.50 $ 2.50
Common stock, shares authorized 20,000,000 20,000,000
Common stock, shares issued 12,981,717 12,474,641
Common stock, shares outstanding 12,932,415 12,408,542
Preferred Stock, Par or Stated Value Per Share $ 1.00 $ 1.00
Preferred Stock, Shares Authorized 250,000 250,000
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares 49,302 66,099
Debt Securities, Held-to-maturity, Fair Value $ 92,786  
v3.20.2
Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest and fees on loans        
Taxable $ 26,656 $ 24,786 $ 77,211 $ 71,877
Tax-exempt 151 154 455 467
Interest and dividends on securities        
Interest Income, Securities, Operating, Taxable 1,445 1,566 4,656 4,859
Interest Income, Securities, Operating, Tax Exempt 937 618 2,288 2,307
Interest on interest bearing deposits with other banks 57 125 216 490
Total interest income 29,246 27,249 84,826 80,000
Interest expense        
Interest on deposits 3,552 6,214 13,088 17,745
Interest on short-term borrowings 734 1,371 1,863 4,240
Interest on long-term borrowings and subordinated debentures 194 244 600 758
Total interest expense 4,480 7,829 15,551 22,743
Net interest income 24,766 19,420 69,275 57,257
Provision for credit losses 3,250 500 11,500 1,050
Net interest income after provision for loan losses 21,516 18,920 57,775 56,207
Noninterest income        
Insurance commissions 44 40 75 1,821
Mortgage Origination Revenue 780 77 1,636 392
Realized securities gains, net 1,522 453 2,560 1,535
Bank owned life insurance and annuities income 795 247 1,334 733
Other 69 74 292 235
Total noninterest income 6,207 3,759 14,307 14,799
Noninterest expenses        
Salaries, commissions and employee benefits 8,108 7,044 23,709 21,966
Net occupancy expense 1,057 799 2,917 2,602
Equipment expense 1,474 1,296 4,263 3,694
Professional fees 364 388 1,168 1,266
Marketing and Advertising Expense 145 177 389 484
Amortization of intangibles 412 404 1,251 1,300
FDIC premiums 320 0 595 88
Bank card expense 589 455 1,652 1,367
Foreclosed properties expense, net of losses 607 305 1,815 2,236
Business Combination, Acquisition Related Costs 28 74 1,453 519
Other 2,405 1,864 6,493 6,473
Total noninterest expenses 15,509 12,806 45,705 41,995
Income before income tax expense 12,214 9,873 26,377 29,011
Income tax expense 2,594 1,812 5,302 5,293
Net income $ 9,620 $ 8,061 $ 21,075 $ 23,718
Basic earnings per common share $ 0.74 $ 0.65 $ 1.63 $ 1.89
Diluted earnings per common share $ 0.74 $ 0.65 $ 1.62 $ 1.88
Fiduciary and Trust [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax $ 622 $ 632 $ 1,870 $ 1,830
Deposit Account [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax 1,138 1,312 3,283 3,716
Credit and Debit Card [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax $ 1,237 $ 924 $ 3,257 $ 2,631
v3.20.2
Consolidated Statements of Comprehensive Income (unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Statement of Comprehensive Income [Abstract]        
Net income $ 9,620 $ 8,061 $ 21,075 $ 23,718
Other comprehensive income:        
Net unrealized gain (loss) on cashflow hedge 422 53 (1,477) (370)
Net unrealized gain (loss) on available for sale debt securities 446 1,572 3,132 5,560
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax     0 (328)
Other Comprehensive Income (Loss), Net of Tax 868 1,625 1,655 4,862
Total comprehensive income 10,488 9,686 22,730 28,580
Net unrealized gain (loss) on cashflow hedge, deferred tax 133 17 (466) (117)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax 365 109 614 368
Net unrealized gain (loss) on cashflow hedge 555 70 (1,943) (487)
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment and Tax 587 2,068 4,121 7,315
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, Tax 141 496 989 1,755
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax $ 1,522 $ 453 $ 2,560 1,535
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, before Tax       (432)
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, Tax       $ (104)
v3.20.2
Consolidated Statements of Comprehensive Income (unaudited) (Parenthetical) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Statement of Comprehensive Income [Abstract]        
Net unrealized gain (loss) on cashflow hedge $ 555 $ 70 $ (1,943) $ (487)
Net unrealized gain (loss) on cashflow hedge, deferred tax 133 17 (466) (117)
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment and Tax 587 2,068 4,121 7,315
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, Tax 141 496 989 1,755
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax 1,522 453 2,560 1,535
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax $ 365 $ 109 $ 614 368
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, before Tax       (432)
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, Tax       $ (104)
v3.20.2
Consolidated Statements of Shareholders' Equity (unaudited) - USD ($)
$ in Thousands
Total
Common Stock and Related Surplus [Member]
Unearned ESOP Shares [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
Retained Earnings [Member]
Beginning Balance at Dec. 31, 2018 $ 219,830 $ 80,431 $ (939) $ 141,354 $ (1,016)  
Comprehensive income:            
Net income 23,718     23,718    
Other comprehensive income 4,862       4,862  
Stock Issued During Period, Value, Stock Options Exercised 7 7        
Share-based compensation expense 430 430        
Stock Issued During Period, Value, Employee Stock Ownership Plan 389 222 167      
Stock Repurchased and Retired During Period, Value (10,405) (10,405)        
Stock Issued During Period, Value, Acquisitions 8,918 8,918        
Stock Issued During Period, Value, Dividend Reinvestment Plan 177 177        
Common stock cash dividends declared (5,504)     (5,504)    
Ending Balance at Sep. 30, 2019 $ 242,422 79,780 (772) 159,568 3,846  
Comprehensive income:            
Stock Issued During Period, Shares, Employee Stock Ownership Plan 15,481          
Common stock issuances from reinvested dividends, number of shares 6,781          
Common Stock, Dividends, Per Share, Declared $ 0.44          
Stock Repurchased and Retired During Period, Shares 417,577          
Stock Issued During Period, Shares, Acquisitions 465,931          
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period 17,255          
Beginning Balance at Jun. 30, 2019 $ 235,701 80,946 (828) 153,362 2,221  
Comprehensive income:            
Net income 8,061     8,061    
Other comprehensive income 1,625       1,625  
Share-based compensation expense 149 149        
Stock Issued During Period, Value, Employee Stock Ownership Plan 136 80 56      
Stock Repurchased and Retired During Period, Value (1,453) (1,453)        
Stock Issued During Period, Value, Dividend Reinvestment Plan 58 58        
Common stock cash dividends declared (1,855)     (1,855)    
Ending Balance at Sep. 30, 2019 $ 242,422 79,780 (772) 159,568 3,846  
Comprehensive income:            
Stock Issued During Period, Shares, Employee Stock Ownership Plan 5,251          
Common stock issuances from reinvested dividends, number of shares 2,227          
Common Stock, Dividends, Per Share, Declared $ 0.15          
Stock Repurchased and Retired During Period, Shares 52,460          
Beginning Balance at Dec. 31, 2019 $ 247,764 [1] 80,084 (714) 165,859 2,535  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Cumulative Effect on Retained Earnings, Net of Tax (Deprecated 2020-01-31) (6,756)          
Cumulative Effect on Retained Earnings, Net of Tax (Deprecated 2020-01-31) | Accounting Standards Update 2016-13 [Member]           $ (6,756)
Comprehensive income:            
Net income 21,075     21,075    
Other comprehensive income 1,655       1,655  
Stock Issued During Period, Value, Restricted Stock Award, Gross 0 0        
Share-based compensation expense 402 402        
Stock Issued During Period, Value, Employee Stock Ownership Plan 310 128 182      
Stock Repurchased and Retired During Period, Value (1,444) (1,444)        
Stock Issued During Period, Value, Acquisitions 15,354 15,354        
Stock Issued During Period, Value, Dividend Reinvestment Plan 193 193        
Common stock cash dividends declared (6,590)     (6,590)    
Ending Balance at Sep. 30, 2020 $ 271,963 94,717 (532) 173,588 4,190  
Comprehensive income:            
Stock Issued During Period, Shares, Employee Stock Ownership Plan 16,797          
Common stock issuances from reinvested dividends, number of shares 11,758          
Common Stock, Dividends, Per Share, Declared $ 0.51          
Stock Repurchased and Retired During Period, Shares 75,333          
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period 651          
Stock Issued During Period, Shares, Acquisitions 570,000          
Beginning Balance at Jun. 30, 2020 $ 263,431 94,539 (593) 166,163 3,322  
Comprehensive income:            
Net income 9,620     9,620    
Other comprehensive income 868       868  
Share-based compensation expense 79 79        
Stock Issued During Period, Value, Employee Stock Ownership Plan 88 27 61      
Stock Issued During Period, Value, Dividend Reinvestment Plan 72 72        
Common stock cash dividends declared (2,195)     (2,195)    
Ending Balance at Sep. 30, 2020 $ 271,963 $ 94,717 $ (532) $ 173,588 $ 4,190  
Comprehensive income:            
Stock Issued During Period, Shares, Employee Stock Ownership Plan 5,599          
Common stock issuances from reinvested dividends, number of shares 4,771          
Common Stock, Dividends, Per Share, Declared $ 0.17          
[1] Derived from audited consolidated financial statements
v3.20.2
Consolidated Statements of Shareholders' Equity (unaudited) (Parenthetical) - $ / shares
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period     651  
Stock Repurchased and Retired During Period, Shares   52,460 75,333 417,577
Common Stock, Dividends, Per Share, Declared $ 0.17 $ 0.15 $ 0.51 $ 0.44
Stock Issued During Period, Shares, Employee Stock Ownership Plan 5,599 5,251 16,797 15,481
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period       17,255
Common stock issuances from reinvested dividends, number of shares 4,771 2,227 11,758 6,781
Stock Issued During Period, Shares, Acquisitions     570,000 465,931
v3.20.2
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities    
Net income $ 21,075 $ 23,718
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 2,359 1,921
Provision for credit losses 11,500 1,050
Share-based compensation expense 402 430
Deferred income tax benefit (3,459) (336)
Loans originated for sale (64,279) (13,710)
Proceeds from sale of loans 64,195 13,292
Gain (Loss) on Sales of Loans, Net (1,135) (270)
Realized securities gains, net (2,560) (1,535)
Gain (Loss) on Disposition of Assets 167 (213)
Gain (Loss) on Disposition of Business 0 (1,906)
Write-downs of foreclosed properties 1,719 1,578
Amortization of securities premiums, net 2,135 1,826
Amortization (accretion) related to acquisitions, net (1,133) (842)
Amortization of intangibles 1,251 1,300
Earnings on cash surrender value of bank owned life insurance (1,413) (830)
(Increase) decrease in accrued interest receivable (1,617) 434
(Increase) decrease in other assets (48) 221
(Decrease) increase in other liabilities (1,225) 2,935
Net cash provided by operating activities 27,600 29,489
Cash Flows from Investing Activities    
Proceeds from maturities and calls of securities available for sale 2,810 1,766
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities 1,000 0
Proceeds from Sale of Debt Securities, Available-for-sale 105,597 133,174
Principal payments received on securities available for sale 17,952 18,501
Payments to Acquire Debt Securities, Available-for-sale 52,783 63,504
Payments to Acquire Held-to-maturity Securities (93,234) 0
Purchases of other investments (14,245) (12,035)
Proceeds from redemptions of other investments 16,461 14,332
Net loan originations (264,600) (118,893)
Purchases of premises and equipment (8,077) (7,238)
Proceeds from Sale of Property, Plant, and Equipment 9 11
Improvements to property held for sale (1,249) (88)
Proceeds from sales of repossessed assets & property held for sale 2,007 2,789
Payment to Acquire Life Insurance Policy, Investing Activities (9,298) 0
Proceeds from Divestiture of Businesses 0 7,117
Cash Acquired from Acquisition 183,688 20,589
Net cash used in investing activities (113,962) (3,479)
Cash Flows from Financing Activities    
Net increase in demand deposit, NOW and savings accounts 307,957 45,706
Net (decrease) increase in time deposits (130,841) 39,621
Net decrease in short-term borrowings (59,199) (102,390)
Repayment of long-term borrowings (14) (13)
Proceeds from Issuance of Subordinated Long-term Debt 29,336 0
Payments for Derivative Instrument, Financing Activities (5,850) 0
Proceeds from issuance of common stock, net of issuance costs 105 98
Payments for Repurchase of Common Stock 1,444 10,405
Proceeds from Stock Options Exercised 0 7
Dividends paid on common stock (6,590) (5,504)
Net cash provided by (used in) financing activities 133,460 (32,880)
Increase (decrease) in cash and cash equivalents 47,098 (6,870)
Cash and cash equivalents:    
Beginning 61,888 59,540
Ending 108,986 52,670
Cash payments for:    
Interest Paid, Excluding Capitalized Interest, Operating Activities 15,887 22,548
Income taxes 9,145 6,080
Supplemental Disclosures of Noncash Investing and Financing Activities    
Real property and other assets acquired in settlement of loans 902 4,060
Lease Obligation Incurred 3,293 0
Noncash or Part Noncash Acquisition, Other Assets Acquired 171,645 100,377
Noncash or Part Noncash Acquisition, Other Liabilities Assumed 365,379 114,151
Payments to Acquire Businesses, Gross $ 27,215 $ 12,740
v3.20.2
Consolidated Statements of Cash Flows (unaudited) Consolidated Statements of Cash Flows (Parenthetical) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Statement of Cash Flows [Abstract]    
Payments to Acquire Businesses, Gross $ 27,215 $ 12,740
v3.20.2
Deposits
 9 Months Ended
Sep. 30, 2020
Deposits [Abstract]  
Deposits DEPOSITS
The following is a summary of interest bearing deposits by type as of September 30, 2020 and December 31, 2019:
Dollars in thousandsSeptember 30,
2020		December 31,
2019
Demand deposits, interest bearing$867,442 $630,351 
Savings deposits598,564 418,096 
Time deposits565,815 604,237 
Total$2,031,821 $1,652,684 

Included in time deposits are deposits acquired through a third party (“brokered deposits”) totaling $64.1 million and $150.6 million at September 30, 2020 and December 31, 2019, respectively.

A summary of the scheduled maturities for all time deposits as of September 30, 2020 is as follows:
Dollars in thousands 
Three month period ending December 31, 2020$105,223 
Year ending December 31, 2021332,065 
Year ending December 31, 202260,820 
Year ending December 31, 202335,732 
Year ending December 31, 202415,635 
Thereafter16,340 
Total$565,815 

The aggregate amount of time deposits in denominations that meet or exceed the FDIC insurance limit of $250,000 totaled $145.4 million at September 30, 2020 and $198.1 million at December 31, 2019.
v3.20.2
Deposits
 9 Months Ended
Sep. 30, 2020
Deposits [Abstract]  
Summary of Interest Bearing Deposits By Type
The following is a summary of interest bearing deposits by type as of September 30, 2020 and December 31, 2019:
Dollars in thousandsSeptember 30,
2020		December 31,
2019
Demand deposits, interest bearing$867,442 $630,351 
Savings deposits598,564 418,096 
Time deposits565,815 604,237 
Total$2,031,821 $1,652,684 
Summary of Scheduled Maturities For All Time Deposits
A summary of the scheduled maturities for all time deposits as of September 30, 2020 is as follows:
Dollars in thousands 
Three month period ending December 31, 2020$105,223 
Year ending December 31, 2021332,065 
Year ending December 31, 202260,820 
Year ending December 31, 202335,732 
Year ending December 31, 202415,635 
Thereafter16,340 
Total$565,815 
v3.20.2
Deposits (Summary Of Interest Bearing Deposits By Type) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Deposits [Abstract]    
Demand deposits, interest bearing $ 867,442 $ 630,351
Savings deposits 598,564 418,096
Time deposits 565,815 604,237
Total $ 2,031,821 $ 1,652,684 [1]
[1] Derived from audited consolidated financial statements
v3.20.2
Deposits (Summary Of Scheduled Maturities For All Time Deposits)
$ in Thousands
Sep. 30, 2020
USD ($)
Deposits [Abstract]  
Three month period ending December 31, 2020 $ 105,223
Year ending December 31, 2021 332,065
Year ending December 31, 2022 60,820
Year ending December 31, 2023 35,732
Year ending December 31, 2024 15,635
Thereafter 16,340
Total $ 565,815
v3.20.2
Deposits - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Deposits [Abstract]    
Time Deposits, at or Above FDIC Insurance Limit $ 145,400 $ 198,100
Time deposits acquired through a third party (brokered deposits) $ 64,100 $ 150,600
v3.20.2
Basis of Presentation
 9 Months Ended
Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation BASIS OF PRESENTATION
We, Summit Financial Group, Inc. and subsidiaries, prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America for interim financial information and with instructions to Form 10-Q and Regulation S-X.  Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for annual year end financial statements.  In our opinion, all adjustments considered necessary for a fair presentation have been included and are of a normal recurring nature.

The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ materially from these estimates. You should carefully consider each risk factor discussed in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2019 and the COVID-19 risk factor in Part II. Item 1A Risk Factors of this quarterly report on Form 10-Q.
The results of operations for the three and nine months ended September 30, 2020 are not necessarily indicative of the results to be expected for the full year.  The consolidated financial statements and notes included herein should be read in conjunction with our 2019 audited financial statements and Annual Report on Form 10-K.
v3.20.2
Significant New Authoritative Accounting Guidance
 9 Months Ended
Sep. 30, 2020
Accounting Standards Update and Change in Accounting Principle [Abstract]  
Significant New Authoritative Accounting Guidance SIGNIFICANT NEW AUTHORITATIVE ACCOUNTING GUIDANCE
Recently Adopted
During June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments. Accounting Standards Codification Topic 326 ("ASC 326"), Financial Instruments - Credit Losses, as amended, among other things, requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques previously applied are still permitted, although the inputs to those techniques have changed to reflect the full amount of expected credit losses. In addition, ASC 326 amends the accounting for credit losses on debt securities and purchased financial assets with credit deterioration.

We adopted ASC 326 on January 1, 2020 using the modified retrospective approach. Results for the periods beginning after January 1, 2020 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable US GAAP. We recorded a net reduction of retained earnings of $6.76 million upon adoption. The transition adjustment includes an increase in the allowance for credit losses for loans ("ACLL") of $6.93 million and an increase in the allowance for credit losses on off-balance sheet credit exposures of $2.43 million, net of the corresponding increases in deferred tax assets of $2.13 million. The adjustments to the allowance for credit losses ("ACL") for both loans and off-balance sheet credit exposures are combined and reported on our income statement as credit loss expense. Further information regarding our policies and methodology used to estimate the ACLL is presented in Note 6 - Loans and Allowance for Credit Losses for Loans. Further information regarding our policies and methodology used to estimate the ACL on off-balance-sheet credit exposures is presented in Note 11 - Commitments and Contingencies.

We adopted ASC 326 using the prospective transition approach for financial assets purchased with credit deterioration (“PCD”) that were previously classified as purchased credit impaired (“PCI”) and accounted for under ASC 310-30. In accordance with the standard, we did not reassess whether PCI assets met the criteria of PCD assets as of the date of adoption. The remaining credit discount on the PCI loans was recorded as an offset to the ACLL at the time of adoption and is netted in the above adjustment. The remaining adjustment for noncredit factors on these loans will be accreted into interest income on a level-yield method over the life of the loans.

Additionally, we evaluated each acquired loan for PCD status at the time of adoption. We identified loans with a net balance of $9.4 million that should be considered PCD. We considered the remaining discount at the time of adoption to be for noncredit factors on these loans and it will be accreted into interest income on a level-yield method over the life of the loans.

In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement. The amendments modify the disclosure requirements in Topic 820 to add disclosures regarding changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements and the narrative description of measurement uncertainty. Certain
disclosure requirements in Topic 820 are also removed or modified. The amendments were effective for us January 1, 2020 and did not have a material impact on our consolidated financial statements.

In March 2020 (revised April 2020), various regulatory agencies, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, (“the agencies”) issued an interagency statement on loan modifications and reporting for financial institutions working with customers affected by the Coronavirus ("COVID-19"). The interagency statement was effective immediately and impacted accounting for loan modifications. Under ASC 310-40, Receivables - Troubled Debt Restructurings by Creditors, (“ASC 310-40”), a restructuring of debt constitutes a troubled debt restructuring (“TDR”) if the creditor, for economic or legal reasons related to the debtor’s financial difficulties, grants a concession to the debtor that it would not otherwise consider. The agencies confirmed with the staff of the FASB that short-term modifications made on a good faith basis in response to the COVID-19 crisis to borrowers who were current prior to any relief, are not to be considered TDRs. This includes short-term (e.g., six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. This interagency guidance is expected to have a material impact on the Company’s financial statements; however, this impact cannot be quantified at this time. See Note 6 of the accompanying consolidated financial statements for disclosure of the impact to date.

Pending Adoption

In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes. The ASU is expected to reduce cost and complexity related to the accounting for income taxes by removing specific exceptions to general principles in Topic 740 (eliminating the need for an organization to analyze whether certain exceptions apply in a given period) and improving financial statement preparers’ application of certain income tax-related guidance. This ASU is part of the FASB’s simplification initiative to make narrow-scope simplifications and improvements to accounting standards through a series of short-term projects. For public business entities, the amendments are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. We are currently assessing the impact that ASU 2019-12 will have on our consolidated financial statements.

In January 2020, the FASB issued ASU 2020-01, Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) - Clarifying the Interactions between Topic 321, Topic 323, and Topic 815. For public business entities, the amendments in the ASU are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. We do not expect the adoption of ASU 2020-01 to have a material impact on our consolidated financial statements.

In March 2020, the Financial Accounting Standards Board (FASB) issued ASU 2020-04 Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting which provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. At this time, we do not anticipate any material adverse impact to our business operation or financial results during the period of transition.

In October 2020, the FASB issued ASU 2020-08 Codification Improvements to Subtopic 310-20, Receivables – Nonrefundable fees and Other Costs which clarifies that an entity should reevaluate whether a callable debt security is within the scope of ASC paragraph 310-20-35-33 for each reporting period. For public business entities, the ASU is effective for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years. Early adoption is not permitted. All entities should apply ASU No. 2020-08 on a prospective basis as of the beginning of the period of adoption for existing or newly purchased callable debt securities. We do not expect the adoption of ASU 2020-06 to have a material impact on our consolidated financial statements.
v3.20.2
Fair Value Measurements
 9 Months Ended
Sep. 30, 2020
Fair Value Disclosures [Abstract]  
Fair Value Measurements FAIR VALUE MEASUREMENTS
The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis.
 Balance atFair Value Measurements Using:
Dollars in thousandsSeptember 30, 2020Level 1Level 2Level 3
Securities available for sale    
U.S. Government sponsored agencies$36,766 $— $36,766 $— 
Mortgage backed securities:    
Government sponsored agencies62,351 — 62,351 — 
Nongovernment sponsored entities15,190 — 15,190 — 
State and political subdivisions52,300 — 52,300 — 
Corporate debt securities25,956 — 25,956 — 
Asset-backed securities46,035 — 46,035 — 
Tax-exempt state and political subdivisions59,391 — 59,391 — 
Total securities available for sale$297,989 $— $297,989 $— 
Derivative financial assets
Interest rate cap$4,611 $— $4,611 $— 
Derivative financial liabilities    
Interest rate swaps$3,067 $— $3,067 $— 
 Balance atFair Value Measurements Using:
Dollars in thousandsDecember 31, 2019Level 1Level 2Level 3
Securities available for sale    
U.S. Government sponsored agencies$20,864 $— $20,864 $— 
Mortgage backed securities:    
Government sponsored agencies70,975 — 70,975 — 
Nongovernment sponsored entities10,229 — 10,229 — 
State and political subdivisions49,973 — 49,973 — 
Corporate debt securities18,200 — 18,200 — 
Asset-backed securities33,014 — 33,014 — 
Tax-exempt state and political subdivisions73,100 — 73,100 — 
Total securities available for sale$276,355 $— $276,355 $— 
Derivative financial liabilities    
Interest rate swaps$988 $— $988 $— 

We may be required, from time to time, to measure certain assets at fair value on a nonrecurring basis in accordance with U.S. generally accepted accounting principles.  These include assets that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period.  Assets measured at fair value on a nonrecurring basis are included in the table below.
 Balance atFair Value Measurements Using:
Dollars in thousandsSeptember 30, 2020Level 1Level 2Level 3
Residential mortgage loans held for sale$2,538 $— $2,538 $— 
Collateral-dependent loans with an ACLL    
Commercial$8 $— $8 $— 
Commercial real estate7,954 — 7,954 — 
Construction and development355 — 355 — 
Residential real estate90 — 90 — 
Total collateral-dependent loans with an ACLL$8,407 $— $8,407 $— 
Property held for sale    
Commercial real estate$1,125 $— $1,125 $— 
Construction and development14,049 — 13,428 621 
Residential real estate500 — 500 — 
Total property held for sale$15,674 $— $15,053 $621 
Collateral dependent loans with an ACLL were categorized as impaired loans with specific reserves prior to the adoption of ASC 326.
 Balance atFair Value Measurements Using:
Dollars in thousandsDecember 31, 2019Level 1Level 2Level 3
Residential mortgage loans held for sale$1,319 $— $1,319 $— 
Collateral-dependent impaired loans    
Commercial$4,831 $— $4,831 $— 
Commercial real estate1,863 — 1,863 — 
Construction and development425 — 425 — 
Residential real estate692 — 566 126 
Total collateral-dependent impaired loans$7,811 $— $7,685 $126 
Property held for sale    
Commercial real estate$1,304 $— $1,304 $— 
Construction and development12,182 — 12,182 — 
Residential real estate705 — 705 — 
Total property held for sale$14,191 $— $14,191 $— 


The carrying values and estimated fair values of our financial instruments are summarized below:
 September 30, 2020Fair Value Measurements Using:
Dollars in thousandsCarrying
Value		Estimated
Fair
Value		Level 1Level 2Level 3
Financial assets    
Cash and cash equivalents$108,986 $108,986 $— $108,986 $— 
Securities available for sale297,989 297,989 — 297,989 — 
Securities held to maturity91,600 92,786 — 92,786 — 
Other investments10,766 10,766 — 10,766 — 
Loans held for sale, net2,538 2,538 — 2,538 — 
Loans, net2,222,450 2,228,148 — 8,407 2,219,741 
Accrued interest receivable10,978 10,978 — 10,978 — 
Derivative financial assets4,611 4,611 — 4,611 — 
     Cash surrender value of life insurance policies and annuities57,029 57,029 — 57,029 — 
 $2,806,947 $2,813,831 $— $594,090 $2,219,741 
Financial liabilities    
Deposits$2,451,891 $2,456,247 $— $2,456,247 $— 
Short-term borrowings140,145 140,145 — 140,145 — 
Long-term borrowings703 882 — 882 — 
Subordinated debentures29,336 29,336 — 29,336 — 
Subordinated debentures owed to unconsolidated
subsidiary trusts		19,589 19,589 — 19,589 — 
Accrued interest payable898 898 — 898 — 
Derivative financial liabilities3,067 3,067 — 3,067 — 
 $2,645,629 $2,650,164 $— $2,650,164 $— 
 December 31, 2019Fair Value Measurements Using:
Dollars in thousandsCarrying
Value		Estimated
Fair
Value		Level 1Level 2Level 3
Financial assets    
Cash and cash equivalents$61,888 $61,888 $— $61,888 $— 
Securities available for sale276,355 276,355 — 276,355 — 
Other investments12,972 12,972 — 12,972 — 
Loans held for sale, net1,319 1,319 — 1,319 — 
Loans, net1,900,425 1,901,020 — 7,685 1,893,335 
Accrued interest receivable8,439 8,439 — 8,439 — 
Cash surrender value of life insurance policies43,603 43,603 — 43,603 — 
 $2,305,001 $2,305,596 $— $412,261 $1,893,335 
Financial liabilities    
Deposits$1,913,237 $1,918,610 $— $1,918,610 $— 
Short-term borrowings199,345 199,345 — 199,345 — 
Long-term borrowings717 854 — 854 — 
Subordinated debentures owed to unconsolidated
subsidiary trusts		19,589 19,589 — 19,589 — 
Accrued interest payable1,234 1,234 — 1,234 — 
Derivative financial liabilities988 988 — 988 — 
 $2,135,110 $2,140,620 $— $2,140,620 $— 
v3.20.2
Earnings Per Share
 9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE
The computations of basic and diluted earnings per share follow:
 For the Three Months Ended September 30,
 20202019
Dollars in thousands,except per share amountsNet Income
(Numerator)		Common
Shares
(Denominator)		Per
Share		Net Income
(Numerator)		Common
Shares
(Denominator)		Per
Share
Net income$9,620   $8,061   
Basic earnings per share$9,620 12,922,158 $0.74 $8,061 12,412,982 $0.65 
Effect of dilutive securities:  
Stock options4,182  4,654  
Stock appreciation rights (SARs)23,244 50,142 
Restricted stock units (RSUs)— — 
Diluted earnings per share$9,620 12,949,584 $0.74 $8,061 12,467,778 $0.65 
 For the Nine Months Ended September 30,
 20202019
Dollars in thousands,except per share amountsIncome
(Numerator)		Common
Shares
(Denominator)		Per
Share		Income
(Numerator)		Common
Shares
(Denominator)		Per
Share
Net income$21,075   $23,718   
Basic earnings per share$21,075 12,934,401 $1.63 $23,718 12,555,411 $1.89 
Effect of dilutive securities:   
Stock options4,308  5,006  
Stock appreciation rights (SARs)33,082 53,965 
Restricted stock units (RSUs)— — 
Diluted earnings per share$21,075 12,971,913 $1.62 $23,718 12,614,382 $1.88 
Stock option and stock appreciation right (SAR) grants are disregarded in this computation if they are determined to be anti-dilutive.  All stock options were dilutive for the nine months ended September 30, 2020 and our anti-dilutive stock options for the quarter ended September 30, 2020 were 300 shares. Our anti-dilutive stock options for the three and nine months ended September 30, 2019 were 7,700 shares. Our anti-dilutive SARs for the three and nine months ended September 30, 2020 and September 30, 2019 were 222,740 and 84,615, respectively. Our anti-dilutive RSUs for the quarter and nine months ended September 30, 2020 were 15,082 and 13,780, respectively.
v3.20.2
Securities
 9 Months Ended
Sep. 30, 2020
Debt Securities, Available-for-sale and Held-to-maturity [Abstract]  
Securities DEBT SECURITIES
Debt Securities Available for Sale: The amortized cost, unrealized gains, unrealized losses and estimated fair values of debt securities available for sale at September 30, 2020 and December 31, 2019 are summarized as follows:
 September 30, 2020
 AmortizedUnrealizedEstimated
Dollars in thousandsCostGainsLossesFair Value
Available for Sale (carried at estimated fair value)    
Taxable debt securities    
U.S. Government and agencies and corporations$36,818 $366 $418 $36,766 
Residential mortgage-backed securities:    
Government-sponsored agencies60,678 2,072 399 62,351 
Nongovernment-sponsored entities15,255 187 252 15,190 
State and political subdivisions    
General obligations12,756 749 — 13,505 
Water and sewer revenues9,602 667 — 10,269 
Lease revenues5,837 344 3 6,178 
Income tax revenues5,055 435 — 5,490 
Other revenues15,550 1,309 1 16,858 
Corporate debt securities26,438 42 524 25,956 
Asset-backed securities47,291 14 1,270 46,035 
Total taxable debt securities235,280 6,185 2,867 238,598 
Tax-exempt debt securities    
State and political subdivisions    
General obligations29,149 2,828 17 31,960 
Water and sewer revenues8,290 669 — 8,959 
Lease revenues7,283 743 — 8,026 
Other revenues9,725 733 12 10,446 
Total tax-exempt debt securities54,447 4,973 29 59,391 
Total available for sale securities$289,727 $11,158 $2,896 $297,989 
 December 31, 2019
 AmortizedUnrealizedEstimated
Dollars in thousandsCostGainsLossesFair Value
Available for Sale (carried at estimated fair value)    
Taxable debt securities    
U.S. Government and agencies and corporations$21,036 $212 $384 $20,864 
Residential mortgage-backed securities:    
Government-sponsored agencies70,379 1,031 435 70,975 
Nongovernment-sponsored entities10,253 17 41 10,229 
State and political subdivisions    
General obligations12,603 25 171 12,457 
Water and sewer revenues7,170 71 114 7,127 
Lease revenues5,310 25 77 5,258 
University revenues5,917 164 16 6,065 
Other revenues18,831 344 109 19,066 
Corporate debt securities18,268 81 149 18,200 
          Asset-backed securities33,826 — 812 33,014 
Total taxable debt securities203,593 1,970 2,308 203,255 
Tax-exempt debt securities    
State and political subdivisions    
General obligations36,673 2,526 — 39,199 
Water and sewer revenues9,565 633 — 10,198 
Lease revenues8,455 598 — 9,053 
Other revenues13,929 728 7 14,650 
Total tax-exempt debt securities68,622 4,485 7 73,100 
Total available for sale securities$272,215 $6,455 $2,315 $276,355 


The below information is relative to the five states where issuers with the highest volume of state and political subdivision securities held in our available for sale portfolio are located.  We own no such securities of any single issuer which we deem to be a concentration.
 September 30, 2020
 AmortizedUnrealizedEstimated
Dollars in thousandsCostGainsLossesFair Value
California$15,323 $1,426 $— $16,749 
New York10,455 959 — 11,414 
Texas9,887 844 — 10,731 
Illinois9,248 636 18 9,866 
Florida8,497 669 — 9,166 

Management performs pre-purchase and ongoing analysis to confirm that all investment securities meet applicable credit quality standards.  

The maturities, amortized cost and estimated fair values of securities available for sale at September 30, 2020, are summarized as follows:
Dollars in thousandsAmortized
Cost		Estimated
Fair Value
Due in one year or less$32,295 $32,637 
Due from one to five years84,789 86,143 
Due from five to ten years67,999 68,841 
Due after ten years104,644 110,368 
Total$289,727 $297,989 
The proceeds from sales, calls and maturities of securities available for sale, including principal payments received on mortgage-backed obligations, and the related gross gains and losses realized, for the nine months ended September 30, 2020 and 2019 are as follows:
 Proceeds fromGross realized
Dollars in thousandsSalesCalls and
Maturities		Principal
Payments		GainsLosses
For the Nine Months Ended 
 September 30,
2020
Securities available for sale$105,597 $2,810 $17,952 $2,560 $— 
2019
Securities available for sale$133,174 $1,766 $18,501 $1,867 $332 

Provided below is a summary of debt securities available for sale which were in an unrealized loss position at September 30, 2020 and December 31, 2019.
 September 30, 2020
 Less than 12 months12 months or moreTotal
Dollars in thousands# of securities in loss positionEstimated
Fair Value		Unrealized
Loss		Estimated
Fair Value		Unrealized
Loss		Estimated
Fair Value		Unrealized
Loss
Taxable debt securities      
U.S. Government agencies and corporations
34$15,995 $61 $12,427 $357 $28,422 $418 
Residential mortgage-backed securities:      
Government-sponsored agencies126,031 49 9,327 350 15,358 399 
Nongovernment-sponsored entities43,492 22 2,726 230 6,218 252 
State and political subdivisions:      
Lease revenues11,515 3 — — 1,515 3 
Other revenues11,513 1 — — 1,513 1 
Corporate debt securities108,381 410 1,886 114 10,267 524 
Asset-backed securities2111,391 204 31,930 1,066 43,321 1,270 
Tax-exempt debt securities      
State and political subdivisions:      
General obligations1972 17 — — 972 17 
Other revenues1145 12 — — 145 12 
Total85$49,435 $779 $58,296 $2,117 $107,731 $2,896 
 December 31, 2019
 Less than 12 months12 months or moreTotal
Dollars in thousands# of securities in loss positionEstimated
Fair Value		Unrealized
Loss		Estimated
Fair Value		Unrealized
Loss		Estimated
Fair Value		Unrealized
Loss
Taxable debt securities      
U.S. Government agencies and
corporations		15$— $— $14,903 $384 $14,903 $384 
Residential mortgage-backed securities:      
Government-sponsored agencies2112,298 96 15,174 339 27,472 435 
Nongovernment-sponsored entities48,323 41 — — 8,323 41 
State and political subdivisions:      
General obligations1010,581 171 — — 10,581 171 
Water and sewer revenues44,421 114 — — 4,421 114 
Lease revenues44,235 77 — — 4,235 77 
University revenues11,307 16 — — 1,307 16 
Other revenues66,517 109 — — 6,517 109 
Corporate debt securities61,686 3 3,739 146 5,425 149 
   Asset-backed securities153,441 34 29,573 778 33,014 812 
Tax-exempt debt securities      
State and political subdivisions:      
Other revenues21,183 7 — — 1,183 7 
Total88$53,992 $668 $63,389 $1,647 $117,381 $2,315 

We do not intend to sell the above securities, and it is more likely than not that we will not be required to sell these securities before recovery of their amortized cost bases.  We believe that this decline in value is primarily attributable to changes in market interest rates, and in some cases limited market liquidity and is not due to credit quality as none of these securities are in default and all carry above investment grade ratings. Accordingly, no allowance for credit losses has been recognized relative to these securities.

Debt Securities Held to Maturity: The amortized cost, unrealized gains, unrealized losses and estimated fair values of debt securities held to maturity at September 30, 2020 are summarized as follows:

 September 30, 2020
 AmortizedUnrealizedEstimated
Dollars in thousandsCostGainsLossesFair Value
Held to Maturity (carried at amortized cost)    
Tax-exempt debt securities    
State and political subdivisions    
General obligations$69,731 $1,081 $37 $70,775 
Water and sewer revenues7,181 104 8 7,277 
Sales tax revenues4,665 28 45 4,648 
Other revenues10,023 154 91 10,086 
Total tax-exempt debt securities91,600 1,367 181 92,786 
Total$91,600 $1,367 $181 $92,786 

The below information is relative to the five states where issuers with the highest volume of state and political subdivision securities held in our held to maturity portfolio are located.  We own no such securities of any single issuer which we deem to be a concentration.
September 30, 2020
AmortizedUnrealizedEstimated
Dollars in thousandsCostGainsLossesFair Value
Texas$14,528 $182 $— $14,710 
California10,132 216 8 10,340 
Pennsylvania8,823 41 8 8,856 
Michigan7,191 25 43 7,173 
Nevada6,976 — 6 6,970 

The maturities, amortized cost and estimated fair values of held to maturity securities at September 30, 2020, are summarized as follows:
Dollars in thousandsAmortized
Cost		Estimated
Fair Value
Due in one year or less$— $— 
Due from one to five years— — 
Due from five to ten years2,048 2,090 
Due after ten years89,552 90,696 
Held to Maturity$91,600 $92,786 

The proceeds from sales, calls and maturities of held to maturity securities, including principal payments received on mortgage-backed obligations, and the related gross gains and losses realized, for the nine months ended September 30, 2020 are as follows:

 Proceeds fromGross realized
Dollars in thousandsSalesCalls and
Maturities		Principal
Payments		GainsLosses
For the Nine Months Ended 
 September 30,
2020
Securities held to maturity$— $1,000 $— $— $— 

In accordance with ASC 326, an allowance for credit losses on held to maturity securities is a contra-asset valuation account, that is deducted from the amortized cost basis of securities carried at amortized cost to present management's best estimate of the net amount expected to be collected. Held to maturity securities are charged-off against the allowance when deemed uncollectible by management. Adjustments to the allowance are reported in our income statement as a component of the provision for credit losses. Management measures expected credit losses on held to maturity securities on a collective basis by major security type with each type sharing similar risk characteristics, and considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Management has made the accounting policy election to exclude accrued interest receivable on held to maturity securities from the estimate of credit losses. At September 30, 2020, no allowance for credit losses on held to maturity securities has been recognized.
v3.20.2
Loans and Allowance for Credit Losses
 9 Months Ended
Sep. 30, 2020
Loans and Leases Receivable Disclosure [Abstract]  
Loans LOANS AND ALLOWANCE FOR CREDIT LOSSES FOR LOANS
Loans are generally stated at the amount of unpaid principal, reduced by unearned discount and the ACLL. Interest on loans is accrued daily on the outstanding balances.  Loan origination fees and certain direct loan origination costs are deferred and amortized as adjustments of the related loan yield over its contractual life.

Generally, loans are placed on nonaccrual status when principal or interest is greater than 90 days past due based upon the loan's contractual terms. Interest on nonaccrual loans is recognized primarily using the cost-recovery method.  Loans may be returned to accrual status when repayment is reasonably assured and there has been demonstrated performance under the terms of the loan or, if applicable, the terms of the restructured loans.

Commercial-related loans or portions thereof are charged off to the ACLL when the loss has been confirmed.  This determination is made on a case by case basis considering many factors, including the prioritization of our claim in bankruptcy, expectations of the workout/restructuring of the loan and valuation of the borrower’s equity.  We deem a loss confirmed when a
loan or a portion of a loan is classified “loss” in accordance with bank regulatory classification guidelines, which state, “Assets classified loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted”.
 
Consumer-related loans are generally charged to the ACLL upon reaching specified stages of delinquency, in accordance with the Federal Financial Institutions Examination Council policy.  For example, credit card loans are charged off by the end of the month in which the account becomes 180 days past due or within 60 days from receiving notification about a specified event (e.g., bankruptcy of the borrower), whichever is earlier.  Residential mortgage loans are generally charged off to net realizable value no later than when the account becomes 180 days past due.  Other consumer loans, if collateralized, are generally charged down to net realizable value at 120 days past due.
The following table presents the amortized cost of loans held for investment:
Dollars in thousandsSeptember 30,
2020		December 31,
2019
Commercial$350,985 $220,452 
Commercial real estate - owner occupied  
Professional & medical94,635 81,973 
Retail100,926 100,993 
Other116,941 93,253 
Commercial real estate - non-owner occupied
Hotels & motels120,324 128,665 
Mini-storage57,601 50,913 
Multifamily152,561 164,398 
Retail108,326 102,989 
Other179,812 182,242 
Construction and development  
Land & land development97,343 84,112 
Construction66,878 37,523 
Residential 1-4 family real estate  
Personal residence263,315 260,843 
Rental - small loan104,694 101,080 
Rental - large loan73,836 63,986 
Home equity82,991 76,568 
Mortgage warehouse lines243,730 126,237 
Consumer34,655 35,021 
Other
Credit cards1,637 1,453 
Overdrafts614 798 
Total loans, net of unearned fees2,251,804 1,913,499 
Less allowance for credit losses - loans29,354 13,074 
Loans, net$2,222,450 $1,900,425 

Allowance for Credit Losses - Loans
The ACLL is a valuation allowance, estimated at each balance sheet date in accordance with ASC 326, that is deducted from the amortized cost basis of loans to present the net amount expected to be collected. The amount of the ACLL represents our best estimate of current expected credit losses on loans considering available information, from internal and external sources, relevant to assessing collectability over the loans’ contractual terms, adjusted for expected prepayments when appropriate (the “life-of-loan” concept). The contractual term excludes expected extensions, renewals and modifications unless (i) management has a reasonable expectation that a troubled debt restructuring will be executed with an individual borrower or (ii) such extension or renewal options are not unconditionally cancellable by us and, in such cases, the borrower is likely to meet applicable conditions and likely to request extension or renewal. Relevant available information includes historical credit loss experience, current conditions and reasonable and supportable forecasts. While historical credit loss experience provides the basis for the estimation of expected credit losses, adjustments to historical loss information may be made for differences in current portfolio-specific risk characteristics, environmental conditions or other relevant factors. The ACLL losses is measured on a collective basis for portfolios of loans when similar risk characteristics exist. Loans that do not share risk characteristics are evaluated for expected credit losses on an individual basis and excluded from the collective evaluation. Expected credit losses for collateral dependent loans, including loans where the borrower is experiencing financial difficulty, but foreclosure is not probable, are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate.
Expected credit losses are reflected in the ACLL through a charge to provision for credit losses. When we deem all or a portion of a financial asset to be uncollectible the appropriate amount is written off and the ACLL is reduced by the same amount. The Company applies judgment to determine when a financial asset is deemed uncollectible; however, generally speaking, an asset will be considered uncollectible no later than when all efforts at collection have been exhausted. Subsequent recoveries, if any, are credited to the ACLL when received.
Loan Pools. In calculating the ACLL, most loans are segmented into pools based upon similar characteristics and risk profiles. Common characteristics and risk profiles include the type/purpose of loan, underlying collateral, geographical similarity and historical/expected credit loss patterns. In developing these loan pools for the purposes of modeling expected credit losses, we also analyzed the degree of correlation in how loans within each portfolio respond when subjected to varying economic conditions and scenarios as well as other portfolio stress factors. We have identified the pools of financial assets with similar risk characteristics for measuring expected credit losses as presented in the table of amortized cost of loans held for investment above.
We periodically reassess each pool to ensure the loans within the pool continue to share similar characteristics and risk profiles and to determine whether further segmentation is necessary.

Residential 1-4 family rentals are classified as small loan if the original loan amount is less than $600,000 and classified as large loan if the original loan amount equals or exceeds $600,000.

The Company’s methodology for estimating the ACLL considers available relevant information about the collectability of cash flows, including information about past events, current conditions, and reasonable and supportable forecasts. The methodology applies historical loss information, adjusted for asset-specific characteristics, economic conditions at the measurement date, and forecasts about future economic conditions expected to exist through the contractual lives of the financial assets that are reasonable and supportable, to the identified pools of financial assets with similar risk characteristics for which the historical loss experience was observed. Our methodology reverts to historical loss information immediately when it can no longer develop reasonable and supportable forecasts.

Loss-Rate Method. We use a loss-rate (“cohort”) method to estimate expected credit losses for all loan pools. The cohort method identifies and captures the balances of pooled loans with similar risk characteristics, as of a point in time to form a cohort, then tracks the respective losses generated by that cohort of loans over their remaining lives, or until the loans are “exhausted” (reached an acceptable stage at which a significant majority of all losses are expected to have been recognized). This method encompasses loan balances for as long as the loans are outstanding, so while significant history is required to represent the life-of-loan concept, this method does not require as much history due to its inclusion of loan balances in multiple cohort periods.
Qualitative Factors. We qualitatively adjust our loan loss rates for risk factors that are not otherwise considered within our model but are nonetheless relevant in assessing the expected credit losses within our loan pools. These qualitative factor (“Q-Factor”) adjustments may increase or decrease our estimate of expected credit losses by a calculated percentage or amount based upon the estimated level of risk.
One Q-Factor adjustment to our loss rates is consideration of reasonable and supportable forecasts of economic conditions. In arriving at a reasonable and supportable economic forecast, we primarily consider the forecasted unemployment rates for the U.S., West Virginia and Virginia as loss drivers for each segmented loan pool. Secondarily, we consider the following forecasted economic data for one or more of our segmented loan pools depending on the nature of the underlying loan pool: housing price indices (U.S., West Virginia & Virginia), single-family housing starts (West Virginia & Virginia), multi-family housing starts (West Virginia & Virginia), personal income growth (U.S., West Virginia & Virginia), U.S. consumer confidence, rental vacancy rates (U.S.), and U.S. % change in gross domestic product.
Other risks that we may consider in making Q-Factor adjustments include, among other things, the impact of (i) changes in lending policies and procedures, including changes in underwriting standards and practices for collections, write-offs, and recoveries, (ii) changes in the nature and volume of the loan pools and in the terms of the underlying loans, (iii) changes in the experience, ability, and depth of our lending management and staff, (iv) changes in volume and severity of past due financial assets, the volume of non-accrual assets, and the volume and severity of adversely classified or graded assets, (v) changes in the quality of our credit review function, (vi) changes in the value of the underlying collateral for loans that are non-collateral dependent, (vii) the existence, growth, and effect of any concentrations of credit and (viii) other external factors such as the regulatory, legal and technological environments; competition; and events such as natural disasters or health pandemics.

Collateral Dependent Loans. We may determine that an individual loan exhibits unique risk characteristics which differentiate it from other loans within our loan pools. In such cases, the loans are evaluated for expected credit losses on an individual basis
and excluded from the collective evaluation. Specific allocations of the allowance for credit losses are determined by analyzing the borrower’s ability to repay amounts owed, collateral deficiencies, the relative risk grade of the loan and economic conditions affecting the borrower’s industry, among other things. A loan is considered to be collateral dependent when, based upon management's assessment, the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. In such cases, expected credit losses are based on the fair value of the collateral at the measurement date, adjusted for estimated selling costs if satisfaction of the loan depends on the sale of the collateral. We reevaluate the fair value of collateral supporting collateral dependent loans on a quarterly basis. The fair value of real estate collateral supporting collateral dependent loans is evaluated by appraisal services using a methodology that is consistent with the Uniform Standards of Professional Appraisal Practice.

Troubled Debt Restructuring. A loan that has been modified or renewed is considered a troubled debt restructuring (“TDR”) when two conditions are met: 1) the borrower is experiencing financial difficulty and 2) concessions are made for the borrower's benefit that would not otherwise be considered for a borrower or transaction with similar credit risk characteristics. The Company’s ACLL reflects all effects of a TDR when an individual asset is specifically identified as a reasonably expected TDR. The Company has determined that a TDR is reasonably expected no later than the point when the lender concludes that modification is the best course of action and it is at least reasonably possible that the troubled borrower will accept some form of concession from the lender to avoid a default. TDRs that are considered material ($500,000 and greater) are evaluated individually to determine the required ACLL. TDRs that are not considered material may be included in the Company’s existing pools based on the underlying risk characteristics of the loan to measure the ACLL.

The following table presents the activity in the ACLL by portfolio segment during the first nine months of 2020:
For the Nine Months Ended September 30, 2020
Allowance for Credit Losses - Loans
Dollars in thousandsBeginning
Balance
Prior to
Adoption of
ASC 326		Impact of
Adoption
of ASC
326		Provision
for
Credit
Losses -
Loans
Adjustment
for PCD
Acquired
Loans		Charge-
offs		RecoveriesEnding
Balance
Commercial$1,221 $1,064 $662 $— $(99)$27 $2,875 
Commercial real estate - owner occupied
  Professional & medical
1,058 (390)1,209 — (1,005)— 872 
  Retail
820 (272)2,285 153 — 162 3,148 
  Other821 (137)(6)— — — 678 
Commercial real estate - non-owner occupied
  Hotels & motels
1,235 (936)1,833 — — — 2,132 
  Mini-storage
485 (311)58 — — — 232 
  Multifamily
1,534 8 (900)— — 38 680 
  Retail
964 279 403 — (343)2 1,305 
  Other
1,721 (1,394)600 — — — 927 
Construction and development
  Land & land development
600 2,136 1,334 111 (4)39 4,216 
  Construction242 996 2,150 — — — 3,388 
Residential 1-4 family real estate
  Personal residence1,275 1,282 (35)146 (45)49 2,672 
  Rental - small loan532 1,453 283 — (123)127 2,272 
  Rental - large loan49 2,884 (317)— — — 2,616 
  Home equity138 308 499 — (23)39 961 
Mortgage warehouse lines
— — — — — — — 
Consumer379 (238)194 — (212)101 224 
Other
  Credit cards— 12 28 — (33)9 16 
  Overdrafts— 182 128 — (288)118 140 
Total
$13,074 $6,926 $10,408 $410 $(2,175)$711 $29,354 

The following table presents, as of September 30, 2020 segregated by loan portfolio segment, details of the loan portfolio and the ACLL calculated in accordance with our credit loss accounting methodology for loans described above.
September 30, 2020
Loan BalancesAllowance for Credit Losses - Loans
Dollars in thousandsLoans Individually Evaluated
Loans Collectively Evaluated (1)
TotalLoans Individually EvaluatedLoans Collectively EvaluatedTotal
Commercial$4,242 $346,743 $350,985 $20 $2,855 $2,875 
Commercial real estate - owner occupied
  Professional & medical2,197 92,438 94,635 230 642 872 
  Retail16,220 84,706 100,926 2,142 1,006 3,148 
  Other— 116,941 116,941 — 678 678 
Commercial real estate - non-owner occupied
  Hotels & motels— 120,324 120,324 — 2,132 2,132 
  Mini-storage— 57,601 57,601 — 232 232 
  Multifamily— 152,561 152,561 — 680 680 
  Retail2,507 105,819 108,326 57 1,248 1,305 
  Other5,229 174,583 179,812 — 927 927 
Construction and development
  Land & land development1,621 95,722 97,343 640 3,576 4,216 
  Construction— 66,878 66,878 — 3,388 3,388 
Residential 1-4 family real estate
  Personal residence— 263,315 263,315 — 2,672 2,672 
  Rental - small loan726 103,968 104,694 44 2,228 2,272 
  Rental - large loan4,445 69,391 73,836 — 2,616 2,616 
  Home equity523 82,468 82,991 — 961 961 
Consumer— 34,655 34,655 — 224 224 
Other
Credit cards— 1,637 1,637 — 16 16 
Overdrafts— 614 614 — 140 140 
Mortgage warehouse lines— 243,730 243,730 — — — 
             Total$37,710 $2,214,094 $2,251,804 $3,133 $26,221 $29,354 

(1) Included in the loans collectively evaluated are $106.4 million in fully guaranteed or cash secured loans, which are excluded from the pools collectively evaluated and carry no reserve.


The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses, and the related ACLL allocated to those loans:
September 30, 2020
Dollars in thousandsReal Estate
Secured
Loans		Non-Real Estate
Secured Loans		Total LoansAllowance for Credit Losses
- Loans
Commercial$— $4,243 $4,243 $20 
Commercial real estate - owner occupied
  Professional & medical— — — — 
  Retail11,937 — 11,937 2,142 
  Other— — — — 
Commercial real estate - non-owner occupied
  Hotels & motels— — — — 
  Mini-storage— — — — 
  Multifamily— — — — 
  Retail653 — 653 57 
  Other2,890 — 2,890 — 
Construction and development
  Land & land development995 — 995 640 
  Construction— — — — 
Residential 1-4 family real estate
  Personal residence— — — — 
  Rental - small loan726 — 726 44 
  Rental - large loan4,444 — 4,444 — 
  Home equity— — — — 
Consumer— — — — 
Other
Credit cards— — — — 
Overdrafts— — — — 
             Total$21,645 $4,243 $25,888 $2,903 


The following table presents the activity in the ACLL by portfolio segment for the year ended December 31, 2019, as determined in accordance with ASC 310 prior to the January 1, 2020 adoption of ASC 326:
For the Year Ended December 31, 2019
Allowance for Credit Losses - Loans
Dollars in thousandsBeginning
Balance		Charge-
offs		RecoveriesProvisionEnding
Balance
Commercial$1,705 $(281)$17 $(295)$1,146 
Commercial real estate
Owner occupied2,214 (2)21 467 2,700 
Non-owner occupied
5,742 (170)1 366 5,939 
Construction and development
   Land & land development
339 (2)108 155 600 
Construction64 — — 178 242 
Residential real estate
Non-jumbo2,090 (979)125 576 1,812 
Jumbo379 — — (368)11 
Home equity167 (24)19 (24)138 
Mortgage warehouse lines
— — — — — 
Consumer79 (285)168 173 135 
Other268 (360)121 322 351 
Total
$13,047 $(2,103)$580 $1,550 $13,074 
The following table presents the contractual aging of the amortized cost basis of past due loans by class as of September 30, 2020 and December 31, 2019.
 At September 30, 2020
 Past Due 90 days or more and Accruing
Dollars in thousands30-59 days60-89 days90 days or moreTotalCurrent
Commercial$160 $42 $412 $614 $350,371 $— 
Commercial real estate - owner occupied      
  Professional & medical116 — 453 569 94,066 — 
  Retail307 591 2,445 3,343 97,583 — 
  Other— — 149 149 116,792 — 
Commercial real estate - non-owner occupied
  Hotels & motels— — — — 120,324 — 
  Mini-storage— — — — 57,601 — 
  Multifamily— 417 — 417 152,144 — 
  Retail— — 821 821 107,505 — 
  Other— 310 53 363 179,449 — 
Construction and development      
  Land & land development93 329 2 424 96,919 — 
  Construction— — — — 66,878 — 
Residential 1-4 family real estate      
  Personal residence3,062 579 1,112 4,753 258,562 — 
  Rental - small loan243 — 794 1,037 103,657 — 
  Rental - large loan— — 1,127 1,127 72,709 — 
  Home equity516 156 137 809 82,182 — 
Mortgage warehouse lines— — — — 243,730 — 
Consumer128 32 27 187 34,468 — 
Other
Credit cards1 — 2 3 1,634 2 
Overdrafts— — — — 614 — 
Total$4,626 $2,456 $7,534 $14,616 $2,237,188 $2 
 
 At December 31, 2019
 Past Due 90 days or more and Accruing
Dollars in thousands30-59 days60-89 days90 days or moreTotalCurrent
Commercial$216 $— $483 $699 $219,753 $— 
Commercial real estate - owner occupied      
  Professional & medical— 137 1,602 1,739 80,234 — 
  Retail118 — 2,434 2,552 98,441 — 
  Other— — — — 93,253 — 
Commercial real estate - non-owner occupied
  Hotels & motels— — — — 128,665 — 
  Mini-storage— — — — 50,913 — 
  Multifamily809 — 7 816 163,582 — 
  Retail71 179 968 1,218 101,771 — 
  Other— — 387 387 181,855 — 
Construction and development     
  Land & land development208 28 188 424 83,688 — 
  Construction— — 138 138 37,385 — 
Residential 1-4 family real estate      
  Personal residence3,361 806 937 5,104 255,739 — 
  Rental - small loan810 21 940 1,771 99,309 — 
  Rental - large loan— — — — 63,986 — 
  Home equity760 — 223 983 75,585 — 
Mortgage warehouse lines— — — — 126,237 — 
Consumer190 79 70 339 34,682 — 
Other
Credit cards19 6 42 67 1,386 42 
Overdrafts— — — — 798 — 
Total$6,562 $1,256 $8,419 $16,237 $1,897,262 $42 

Nonaccrual loans:  The following table presents the nonaccrual loans included in the net balance of loans at September 30, 2020 and December 31, 2019.
September 30,December 31,
20202019
Dollars in thousandsNonaccrualNonaccrual
with No
Allowance for
Credit Losses
- Loans		NonaccrualNonaccrual
with No
Allowance for
Credit Losses
- Loans
Commercial$553 $— $864 $76 
Commercial real estate - owner occupied  
  Professional & medical453 — 1,602 — 
  Retail2,551 2,268 2,552 2,262 
  Other383 — 43 — 
Commercial real estate - non-owner occupied
  Hotels & motels— — — — 
  Mini-storage52 — 57 — 
  Multifamily— — 38 31 
  Retail821 168 1,120 527 
  Other53 — 388 40 
Construction and development  
  Land & land development2 — 188 — 
  Construction— — 138 — 
Residential 1-4 family real estate  
  Personal residence2,093 — 2,485 423 
  Rental - small loan1,702 105 1,635 150 
  Rental - large loan1,127 1,127 — — 
  Home equity182 — 284 — 
Mortgage warehouse lines— — — — 
Consumer29 — 74 — 
Other
Credit cards— — — — 
Overdrafts— — — — 
Total$10,001 $3,668 $11,468 $3,509 
 
Credit Quality Indicators: We categorize loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. We analyze loans individually by classifying the loans as to credit risk.  We internally grade all commercial loans at the time of loan origination. In addition, we perform an annual loan review on all non-homogenous commercial loan relationships with an aggregate exposure of $5.0 million, at which time these loans are re-graded. We use the following definitions for our risk grades:

Pass: Loans graded as Pass are loans to borrowers of acceptable credit quality and risk. They are higher quality loans that do not fit any of the other categories described below.

OLEM (Special Mention):  Commercial loans categorized as OLEM are potentially weak. The credit risk may be relatively minor yet represent a risk given certain specific circumstances. If the potential weaknesses are not monitored or mitigated, the asset may weaken or inadequately protect our position in the future.

Substandard:   Commercial loans categorized as Substandard are inadequately protected by the borrower’s ability to repay, equity and/or the collateral pledged to secure the loan. These loans have identified weaknesses that could hinder normal repayment or collection of the debt. These loans are characterized by the distinct possibility that we will sustain some loss if the identified weaknesses are not mitigated.

Doubtful:  Commercial loans categorized as Doubtful have all the weaknesses inherent in those loans classified as Substandard, with the added elements that the full collection of the loan is improbable and the possibility of loss is high.

Loss:  Loans classified as loss are considered to be non-collectible and of such little value that their continuance as a bankable asset is not warranted. This does not mean that the loan has absolutely no recovery value, but rather it is neither practical nor desirable to defer writing off the loan, even though partial recovery may be obtained in the future.
Management considers the guidance in ASC 310-20 when determining whether a modification, extension, or renewal of loan constitutes a current period origination. Generally, current period renewals of credit are reunderwritten at the point of renewal and considered current period originations for purposes of the table below. As of September 30, 2020, based on the most recent analysis performed, the risk category of loans based on year of origination is as follows:
September 30, 2020
Dollars in thousandsRisk Rating20202019201820172016PriorRevolvi-
ng		Revolving- TermTotal
CommercialPass$152,812 $51,021 $23,084 $20,745 $13,647 $14,098 $67,155 $— $342,562 
Special Mention10 40 1,959 81 90 918 558 — 3,656 
Substandard1,039 191 198 46 41 89 3,163 — 4,767 
Total Commercial153,861 51,252 25,241 20,872 13,778 15,105 70,876 — 350,985 
Commercial Real Estate
- Owner Occupied
Professional & medicalPass7,435 14,460 2,580 27,117 3,370 30,154 2,689 — 87,805 
Special Mention 1,178 — — — — 5,199 — — 6,377 
Substandard— 320 — — 133 — — — 453 
Total Professional & Medical8,613 14,780 2,580 27,117 3,503 35,353 2,689 — 94,635 
RetailPass4,691 28,183 5,222 10,721 6,040 28,879 2,236 — 85,972 
Special Mention— 1,239 — 591 6 848 50 — 2,734 
Substandard— 9,669 — — — 2,551 — — 12,220 
Total Retail4,691 39,091 5,222 11,312 6,046 32,278 2,286 — 100,926 
OtherPass24,437 15,558 16,567 9,539 13,284 34,420 1,635 — 115,440 
Special Mention— — — — — 760 — — 760 
Substandard— — — 358 — 342 41 — 741 
Total Other24,437 15,558 16,567 9,897 13,284 35,522 1,676 — 116,941 
Total Commercial Real Estate -
Owner Occupied		37,741 69,429 24,369 48,326 22,833 103,153 6,651 — 312,502 
Commercial Real Estate
- Non-Owner Occupied
Hotels & motelsPass3,457 61,244 15,796 9,901 10,417 14,692 4,817 — 120,324 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total Hotels & Motels3,457 61,244 15,796 9,901 10,417 14,692 4,817 — 120,324 
Mini-storagePass6,200 19,974 14,971 4,029 7,239 4,869 267 — 57,549 
Special Mention— — — — — 52 — — 52 
Substandard— — — — — — — — — 
Total Mini-storage6,200 19,974 14,971 4,029 7,239 4,921 267 — 57,601 
MultifamilyPass17,022 26,957 26,917 18,556 11,271 49,091 2,648 — 152,462 
Special Mention— — — — — 99 — — 99 
Substandard— — — — — — — — — 
Total Multifamily17,022 26,957 26,917 18,556 11,271 49,190 2,648 — 152,561 
September 30, 2020
Dollars in thousandsRisk Rating20202019201820172016PriorRevolvi-
ng		Revolving- TermTotal
RetailPass13,044 23,808 9,980 8,399 5,410 40,150 6,158 — 106,949 
Special Mention— — — 168 — 556 — — 724 
Substandard— — — — — 653 — — 653 
Total Retail13,044 23,808 9,980 8,567 5,410 41,359 6,158 — 108,326 
OtherPass34,265 20,985 51,645 11,077 27,276 29,466 1,697 — 176,411 
Special Mention— — — — — 458 — — 458 
Substandard— — — — — 2,943 — — 2,943 
Total Other34,265 20,985 51,645 11,077 27,276 32,867 1,697 — 179,812 
Total Commercial Real Estate -
Non-Owner Occupied		73,988 152,968 119,309 52,130 61,613 143,029 15,587 — 618,624 
Construction and Development
Land & land developmentPass12,711 29,048 10,899 4,844 6,709 22,665 8,361 — 95,237 
Special Mention— — 13 — — 955 — — 968 
Substandard— — 6 — 14 1,118 — — 1,138 
Total Land & land development12,711 29,048 10,918 4,844 6,723 24,738 8,361 — 97,343 
ConstructionPass31,366 30,661 1,959 895 — — 1,997 — 66,878 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total Construction31,366 30,661 1,959 895 — — 1,997 — 66,878 
Total Construction and
Development		44,077 59,709 12,877 5,739 6,723 24,738 10,358 — 164,221 
Residential 1-4 Family Real Estate
Personal residencePass28,233 28,257 25,264 19,494 22,875 117,412 — — 241,535 
Special Mention— 187 63 352 76 12,908 — — 13,586 
Substandard— 46 463 213 186 7,286 — — 8,194 
Total Personal Residence28,233 28,490 25,790 20,059 23,137 137,606 — — 263,315 
Rental - small loanPass15,175 15,938 12,684 11,630 10,586 28,501 4,570 — 99,084 
Special Mention111 491 251 3 196 1,789 163 — 3,004 
Substandard— — — — 45 2,561 — — 2,606 
Total Rental - Small Loan15,286 16,429 12,935 11,633 10,827 32,851 4,733 — 104,694 
Rental - large loanPass13,396 6,089 10,906 5,423 8,317 21,491 2,306 — 67,928 
Special Mention— 1,430 — — — 33 — — 1,463 
Substandard— — — — 1,127 3,318 — — 4,445 
Total Rental - Large Loan13,396 7,519 10,906 5,423 9,444 24,842 2,306 — 73,836 
Home equityPass131 — 90 46 266 1,434 78,799 — 80,766 
Special Mention— — — 40 — 162 1,426 — 1,628 
Substandard— — — — — 355 242 — 597 
Total Home Equity131 — 90 86 266 1,951 80,467 — 82,991 
September 30, 2020
Dollars in thousandsRisk Rating20202019201820172016PriorRevolvi-
ng		Revolving- TermTotal
Total Residential 1-4 Family Real
Estate		57,046 52,438 49,721 37,201 43,674 197,250 87,506 — 524,836 
Mortgage warehouse linesPass— — — — — — 243,730 — 243,730 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total Mortgage Warehouse Lines— — — — — — 243,730 — 243,730 
ConsumerPass10,441 10,748 5,139 1,977 1,432 1,679 862 — 32,278 
Special Mention789 549 270 170 81 62 17 — 1,938 
Substandard178 132 22 15 59 5 28 — 439 
Total Consumer11,408 11,429 5,431 2,162 1,572 1,746 907 — 34,655 
Other
Credit cardsPass1,637 — — — — — — — 1,637 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total Credit Cards1,637 — — — — — — — 1,637 
OverdraftsPass614 — — — — — — — 614 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total Overdrafts614 — — — — — — — 614 
Total Other2,251 — — — — — — — 2,251 
Total$380,372 $397,225 $236,948 $166,430 $150,193 $485,021 $435,615 $— $2,251,804 

At September 30, 2020, we had TDRs of $25.2 million, of which $21.3 million were current with respect to restructured contractual payments. At December 31, 2019, our TDRs totaled $25.7 million, of which $22.9 million were current with respect to restructured contractual payments.  There were no commitments to lend additional funds under these restructurings at either balance sheet date.

The following table presents by class the TDRs that were restructured during the three and nine months ended September 30, 2020 and September 30, 2019. Generally, the modifications were extensions of term, modifying the payment terms from principal and interest to interest only for an extended period, or reduction in interest rate.  TDRs are evaluated individually for allowance for credit loss purposes if the loan balance exceeds $500,000, otherwise, smaller balance TDR loans are included in the pools to determine ACLL.
For the Three Months Ended 
 September 30, 2020		For the Three Months Ended 
 September 30, 2019
Dollars in thousandsNumber of
Modifications		Pre-
modification
Recorded
Investment		Post-
modification
Recorded
Investment		Number of
Modifications		Pre-
modification
Recorded
Investment		Post-
modification
Recorded
Investment
Residential 1-4 family real estate
  Personal residence1 $48 $48 — — — 
  Rental - small loan1 399 399 — — — 
Total2 $447 $447 — $— $— 


For the Nine Months Ended 
 September 30, 2020		For the Nine Months Ended 
 September 30, 2019
Dollars in thousandsNumber of
Modifications		Pre-modification
Recorded
Investment		Post-modification
Recorded
Investment		Number of
Modifications		Pre-modification
Recorded
Investment		Post-modification
Recorded
Investment
Commercial real estate - owner occupied
  Other
1 $361 $361 1 $325 $325 
Commercial real estate - non-owner occupied
  Multifamily
— — — 1 35 35 
  Retail
— — — 2 162 162 
  Other
— — — 1 127 127 
Residential 1-4 family real estate
  Personal residence
1 48 48 3 151 151 
  Rental - small loan
1 399 399 4 259 259 
Consumer— — — 1 16 16 
Total3 $808 $808 13 $1,075 $1,075 


The following tables present defaults during the stated period of TDRs that were restructured during the prior 12 months. For purposes of these tables, a default is considered as either the loan was past due 30 days or more at any time during the period, or the loan was fully or partially charged off during the period.
For the Three Months Ended 
 September 30, 2020		For the Three Months Ended 
 September 30, 2019
Dollars in thousandsNumber
of
Defaults		Recorded
Investment
at Default Date		Number
of
Defaults		Recorded
Investment
at Default Date
Commercial real estate - owner occupied
  Other1 $361 — $— 
Commercial real estate - non-owner occupied
  Other— — 1 126 
Residential 1-4 family real estate
   Personal residence1 49 2 122 
   Rental - small loan— — 1 52 
Total2$410 4 $300 
For the Nine Months Ended 
 September 30, 2020		For the Nine Months Ended 
 September 30, 2019
Dollars in thousandsNumber
of
Defaults		Recorded
Investment
at Default Date		Number
of
Defaults		Recorded
Investment
at Default Date
Commercial real estate - owner occupied
Other1 $361 — $— 
Commercial real estate - non-owner occupied
Other— — 1 126 
Residential 1-4 family real estate
Personal residence1 49 2 122 
Rental - small loan— — 1 52 
Total2 $410 4 $300 

As of September 30, 2020, we had loans modifications to interest only or principal and interest deferrals on outstanding loan balances of $117.7 million in connection with the COVID-19 relief provided by the CARES Act. These modifications and deferrals were not considered troubled debt restructurings as permitted by provisions in the CARES Act.

On January 1, 2020, we purchased loans, for which there was, at the time of acquisition, more than significant deterioration of credit quality since origination (PCD loans). The carrying amount of these loans at acquisition is as follows:
Dollars in thousandsJanuary 1, 2020
Purchase price of PCD loans at acquisition$1,877 
Allowance for credit losses - loans at acquisition
410 
Non-credit discount at acquisition159 
Par value of PCD loans at acquisition1,308 
v3.20.2
Goodwill And Other Intangible Assets
 9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets GOODWILL AND OTHER INTANGIBLE ASSETS
During first quarter 2020, we evaluated recent potential triggering events that might be indicators that our goodwill was impaired. The events include, among others, the economic disruption and uncertainty surrounding the COVID-19 pandemic. We determined that there were no indicators of impairment noted as of March 31, 2020.

The following tables present our goodwill activity for the quarter ending September 30, 2020 and the balance of other intangible assets at September 30, 2020 and December 31, 2019.
 
Dollars in thousandsGoodwill Activity
Balance, January 1, 2020$12,658 
Reclassifications to goodwill— 
Acquired goodwill25,487 
Balance, September 30, 2020$38,145 
 Other Intangible Assets
Dollars in thousandsSeptember 30, 2020December 31, 2019
Identifiable intangible assets  
Gross carrying amount$15,569 $14,727 
Less: accumulated amortization
(5,613)(4,363)
Net carrying amount$9,956 $10,364 

We recorded amortization expense of $412,000 and $1,251,000 for the three and nine months ended September 30, 2020 and $404,000 and $1,300,000 for the three and nine months ended September 30, 2019, relative to our identifiable intangible assets.  

Amortization relative to our identifiable intangible assets is expected to approximate the following during the next five years and thereafter:
Core Deposit
Dollars in thousandsIntangible
Three month period ending December 31, 2020$408 
Year ending December 31, 20211,532 
Year ending December 31, 20221,396 
Year ending December 31, 20231,260 
Year ending December 31, 20241,124 
Thereafter4,165 
v3.20.2
Borrowed Funds
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Borrowed Funds BORROWED FUNDS
Short-term borrowings:    A summary of short-term borrowings is presented below:
 Nine Months Ended September 30,
 20202019
Dollars in thousandsShort-term
FHLB
Advances		Federal Funds
Purchased
and Lines
of Credit		Short-term
FHLB
Advances		Federal Funds
Purchased
and Lines
of Credit
Balance at September 30$140,000 $145 $206,550 $144 
Average balance outstanding for the period126,964 145 196,058 564 
Maximum balance outstanding at any month end during period
215,700 145 225,200 144 
Weighted average interest rate for the period0.79 %0.64 %2.63 %2.48 %
Weighted average interest rate for balances    
     outstanding at September 300.36 %0.25 %2.15 %2.00 %
Year Ended December 31, 2019
Dollars in thousandsShort-term
FHLB
Advances		Federal Funds
Purchased
and Lines
of Credit
Balance at December 31$199,200 145 
Average balance outstanding for the period193,992 458 
Maximum balance outstanding at any month end
during period		237,400 145 
Weighted average interest rate for the period2.48 %2.43 %
Weighted average interest rate for balances
     outstanding at December 311.83 %1.75 %

Long-term borrowings:  Our long-term borrowings of $703,000 and $717,000 at September 30, 2020 and December 31, 2019, respectively, consisted of a 5.34% fixed rate advance from the Federal Home Loan Bank (“FHLB”), maturing in 2026. This FHLB advance is collateralized by a blanket lien of $1.25 billion of residential mortgage loans, certain commercial loans, mortgage backed securities and securities of U.S. Government agencies and corporations.
 
Subordinated debentures: We issued $30 million of subordinated debentures, net of $664,000 debt issuance costs, during third quarter 2020 in a private placement transaction. The subordinated debt qualifies as Tier 2 capital under Federal Reserve Board guidelines, until the debt is within 5 years of its maturity; thereafter the amount qualifying as Tier 2 capital is reduced by 20 percent each year until maturity. This subordinated debt bears interest at a fixed rate of 5.00% per year, from and including September 22, 2020 to, but excluding, September 30, 2025, payable quarterly in arrears. From and including September 30, 2025 to, but excluding, the maturity date or earlier redemption date, the interest rate will reset quarterly at a variable rate equal to the then current three-month term Secured Overnight Financing Rate (“SOFR”), as published by the Federal Reserve Bank of New York, plus 487 basis points, payable quarterly in arrears. As provided in the Notes, the interest rate on the Notes during the applicable floating rate period may be determined based on a rate other than three-month term SOFR. This debt has a 10 years term and generally, is not prepayable by us within the first five years.

Subordinated debentures owed to unconsolidated subsidiary trusts:  We have three statutory business trusts that were formed for the purpose of issuing mandatorily redeemable securities (the “capital securities”) for which we are obligated to third party investors and investing the proceeds from the sale of the capital securities in our junior subordinated debentures (the “debentures”).  The debentures held by the trusts are their sole assets.  These subordinated debentures totaled $19.6 million at September 30, 2020 and December 31, 2019.

The capital securities held by SFG Capital Trust I, SFG Capital Trust II, and SFG Capital Trust III qualify as Tier 1 capital under Federal Reserve Board guidelines.  In accordance with these Guidelines, trust preferred securities generally are limited to 25% of Tier 1 capital elements, net of goodwill.  The amount of trust preferred securities and certain other elements in excess of the limit can be included in Tier 2 capital.
 
A summary of the maturities of all long-term borrowings and subordinated debentures for the next five years and thereafter is as follows:
Dollars in thousands Long-term
borrowings		Subordinated debenturesSubordinated
debentures owed
to unconsolidated
subsidiary trusts
Year Ending December 31,2020$5 $— $— 
 202120 — — 
 202221 — — 
 202322 — — 
 202422 — — 
 Thereafter613 29,336 19,589 
  $703 $29,336 $19,589 
v3.20.2
Share Based Compensation
 9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Share Based Compensation SHARE-BASED COMPENSATIONUnder the 2014 Long-Term Incentive Plan (“2014 LTIP”), stock options, SARs and RSUs have generally been granted with an exercise price equal to the fair value of Summit's common stock on the grant date. We periodically grant employee stock options to individual employees.
The fair value of our employee stock options and SARs granted under the Plans is estimated at the date of grant using the Black-Scholes option-pricing model. This model requires the input of highly subjective assumptions, changes to which can materially affect the fair value estimate. Additionally, there may be other factors that would otherwise have a significant effect on the value of employee stock options and SARs granted but are not considered by the model. Because our employee stock options and SARs have characteristics significantly different from those of traded options and because changes in the subjective input assumptions can materially affect the fair value estimate, in management’s opinion, the existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options and SARs at the time of grant. 

A summary of our SAR and stock option activity the first nine months of 2020 and 2019 is as follows:
 For the Nine Months Ended September 30,
 2020
Options/SARs
Aggregate
Intrinsic
Value (in thousands)
Remaining
Contractual
Term (Yrs.)		Weighted-Average
Exercise Price
Outstanding, January 1330,703 $20.44 
Granted— — 
Exercised— — 
Forfeited— — 
Expired— — 
Outstanding, September 30330,703 $349 6.58$20.44 
Exercisable, September 30179,375 $349 5.52$17.03 


 For the Nine Months Ended September 30,
 2019
Options/SARs
Aggregate
Intrinsic
Value (in thousands)
Remaining
Contractual
Term (Yrs.)		Weighted-Average
Exercise Price
Outstanding, January 1232,091 $17.36 
Granted138,125 23.94 
Exercised(31,413)11.83 
Forfeited— — 
Expired— — 
Outstanding, September 30338,803 $1,745 7.41$20.56 
Exercisable, September 30112,989 $1,063 5.59$16.32 

Grants of RSUs include time-based vesting conditions that generally vest ratably over a period of 3 to 5 years. During second quarter 2020, we granted 10,995 RSUs which will vest ratably over 4 years. During first quarter 2020, we granted 1,846 RSUs which will fully vest on the 2 anniversary of the grant date. During 2019, we granted 2,892 RSUs which will vest ratably over 3 years. A summary of our RSU activity and related information is as follows.
Dollars in thousands, except per share amountsRSUsWeighted Average Grant Date Fair Value
Nonvested, December 31, 20192,892 25.93 
Granted12,841 18.19 
Forfeited— — 
Vested(651)25.60 
Nonvested, September 30, 202015,082 20.45 

We recognize compensation expense based on the estimated number of stock awards expected to actually vest, exclusive of the awards expected to be forfeited.  During the first nine months of 2020 and 2019, total stock compensation expense for all share-based arrangements was $402,000 and $430,000 and the related deferred tax benefits were approximately $96,000 and $103,000. For the three months ended September 30, 2020 and 2019, total stock compensation expense for all share-based
arrangements was $80,000 and $149,000 and the related deferred tax benefits were approximately $19,000 and $36,000. At September 30, 2020 our total unrecognized compensation expense related to all nonvested awards not yet recognized totaled $1.37 million and is expected to be recognized over the next 1.87 years.
v3.20.2
Commitments And Contingencies
 9 Months Ended
Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies COMMITMENTS AND CONTINGENCIES
Off-Balance Sheet Arrangements

We are a party to certain financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of our customers.  These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the statement of financial position.  The contract amounts of these instruments reflect the extent of involvement that we have in this class of financial instruments.

Many of our lending relationships contain both funded and unfunded elements.  The funded portion is reflected on our balance sheet.  The unfunded portion of these commitments is not recorded on our balance sheet until a draw is made under the loan facility.  Since many of the commitments to extend credit may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash flow requirements.

A summary of the total unfunded, or off-balance sheet, credit extension commitments follows:
Dollars in thousandsSeptember 30,
2020
Commitments to extend credit: 
Revolving home equity and credit card lines$88,214 
Construction loans110,896 
Other loans320,318 
Standby letters of credit11,200 
Total$530,628 

Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract.  Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee.  We evaluate each customer's credit worthiness on a case-by-case basis.  The amount of collateral obtained, if we deem necessary upon extension of credit, is based on our credit evaluation.  Collateral held varies but may include accounts receivable, inventory, equipment or real estate.

Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party.  Standby letters of credit generally are contingent upon the failure of the customer to perform according to the terms of the underlying contract with the third party.

Our exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments.  We use the same credit policies in making commitments and conditional obligations as we do for on-balance sheet instruments.
Allowance For Credit Losses - Off-Balance-Sheet Credit Exposures

The ACL on off-balance-sheet credit exposures is a liability account, calculated in accordance with ASC 326, representing expected credit losses over the contractual period for which we are exposed to credit risk resulting from a contractual obligation to extend credit. No allowance is recognized if we have the unconditional right to cancel the obligation. Off-balance-sheet credit exposures primarily consist of amounts available under outstanding lines of credit and letters of credit detailed in the table above. For the period of exposure, the estimate of expected credit losses considers both the likelihood that funding will occur and the amount expected to be funded over the estimated remaining life of the commitment or other off-balance-sheet exposure. The likelihood and expected amount of funding are based on historical utilization rates. The amount of the allowance represents management's best estimate of expected credit losses on commitments expected to be funded over the contractual life of the commitment. Estimating credit losses on amounts expected to be funded uses the same methodology as described for loans in Note 6 - Loans and Allowance for Credit Losses as if such commitments were funded.

The impact to the ACL on off-balance sheet credit exposures upon adoption of ASC 326 was $2.43 million, followed by a nine month 2020 provision of $1.09 million resulting in a September 30, 2020 balance of $3.52 million.
Litigation

We are not a party to litigation except for matters that arise in the normal course of business.  While it is impossible to ascertain the ultimate resolution or range of financial liability, if any, with respect to these contingent matters, in the opinion of management, after consultation with legal counsel, the outcome of these matters will not have a significant adverse effect on the consolidated financial statements.
v3.20.2
Regulatory Matters
 9 Months Ended
Sep. 30, 2020
Banking Regulation, Total Capital [Abstract]  
Regulatory Matters REGULATORY MATTERS
Our bank subsidiary, Summit Community Bank, Inc. (“Summit Community”), is subject to various regulatory capital requirements administered by the banking regulatory agencies. Under the capital adequacy guidelines and the regulatory framework for prompt corrective action, Summit Community must meet specific capital guidelines that involve quantitative measures of its assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices.  Our bank subsidiary’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require Summit Community to maintain minimum amounts and ratios of Common Equity Tier 1("CET1"), Total capital and Tier I capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier I capital (as defined) to average assets (as defined).  We believe, as of September 30, 2020, that our bank subsidiary met all capital adequacy requirements to which they were subject.

The most recent notifications from the banking regulatory agencies categorized Summit Community as well capitalized under the regulatory framework for prompt corrective action.  To be categorized as well capitalized, Summit Community must maintain minimum CET1, Total risk-based, Tier I risk-based, and Tier I leverage ratios as set forth in the table below.
In December 2018, the federal bank regulatory agencies approved a final rule modifying their regulatory capital rules to provide an option to phase-in over a period of three years the day-one regulatory capital effects of the implementation of ASC 326. In March 2020, those agencies approved a final rule providing an option to delay the estimated impact on regulatory capital. We elected this optional phase-in period upon adoption of ASC 326 on January 1, 2020 and elected to delay the estimated impact. The initial impact of adoption as well as 25% of the quarterly increases in the allowance for credit losses subsequent to adoption (collectively the “transition adjustments”) will be delayed for two years. After two years, the cumulative amount of the transition adjustments will become fixed and will be phased out of the regulatory capital calculations evenly over a three year period, with 75% recognized in year three, 50% recognized in year four, and 25% recognized in year five. After five years, the temporary regulatory capital benefits will be fully reversed.
The following tables present Summit's, as well as Summit Community's, actual and required minimum regulatory capital amounts and ratios as of September 30, 2020 and December 31, 2019. Capital levels required to be considered well capitalized are based upon prompt corrective action regulations, as amended.
 
 Actual
Minimum Required Capital - Basel IIIMinimum Required To Be Well Capitalized
Dollars in thousandsAmountRatioAmountRatioAmountRatio
As of September 30, 2020      
CET1 (to risk weighted assets)
Summit$231,568 9.9 %N/AN/AN/AN/A
Summit Community276,361 11.8 %163,943 7.0 %152,233 6.5 %
Tier I Capital (to risk weighted assets)     
Summit250,568 10.7 %N/AN/AN/AN/A
Summit Community276,361 11.8 %199,074 8.5 %187,363 8.0 %
Total Capital (to risk weighted assets)     
Summit301,774 12.9 %N/AN/AN/AN/A
Summit Community297,567 12.7 %246,020 10.5 %234,305 10.0 %
Tier I Capital (to average assets)      
Summit250,568 8.7 %N/AN/AN/AN/A
Summit Community276,361 9.6 %115,150 4.0 %143,938 5.0 %
 
 Actual
Minimum Required Capital - Basel III Fully Phased-inMinimum Required To Be Well Capitalized
Dollars in thousandsAmountRatioAmountRatioAmountRatio
As of December 31, 2019    
CET1 (to risk weighted assets)
Summit224,679 11.1 %N/AN/AN/AN/A
Summit Community244,045 12.1 %141,183 7.0 %131,099 6.5 %
Tier I Capital (to risk weighted assets)     
Summit243,679 12.1 %N/AN/AN/AN/A
Summit Community244,045 12.1 %171,437 8.5 %161,352 8.0 %
Total Capital (to risk weighted assets)     
Summit256,753 12.7 %N/AN/AN/AN/A
Summit Community257,119 12.7 %212,579 10.5 %202,456 10.0 %
Tier I Capital (to average assets)      
Summit243,679 10.5 %N/AN/AN/AN/A
Summit Community244,045 10.6 %92,092 4.0 %115,116 5.0 %
v3.20.2
Derivative Financial Instruments
 9 Months Ended
Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments DERIVATIVE FINANCIAL INSTRUMENTS
Cash flow hedges

We have entered into three pay-fixed/receive LIBOR interest rate swaps as follows:

•A $40 million notional interest rate swap expiring on October 18, 2021, was designated as a cash flow hedge of $40 million of variable rate Federal Home Loan Bank advances. Under the terms of this swap we will pay a fixed rate of 2.19% and receive a variable rate equal to three month LIBOR.

•A $20 million notional interest rate swap with an effective date of October 18, 2021 and expiring on October 18, 2023, was designated as a cash flow hedge of $20 million of forecasted variable rate Federal Home Loan Bank advances. Under the terms of this swap we will pay a fixed rate of 1.07% and receive a variable rate equal to three month LIBOR.

•A $20 million notional interest rate swap with an effective date of October 18, 2021 and expiring on October 18, 2024, was designated as a cash flow hedge of $20 million of forecasted variable rate Federal Home Loan Bank advances. Under the terms of this swap we will pay a fixed rate of 1.1055% and receive a variable rate equal to three month LIBOR.

In addition, we have entered into one interest rate cap to hedge the risk of variability in its cash flows above .75% of the three month LIBOR benchmark interest rate.

•A $100 million notional interest rate cap with an effective date of July 20, 2020 and expiring on April 18, 2030, was designated as a cash flow hedge of $100 million of forecasted fixed rate Federal Home Loan Bank advances. Under the terms of this cap we will hedge the variability of cash flows when three month LIBOR is above .75%.

Fair value hedges

We have entered into two pay fixed/receive variable interest rate swaps to hedge fair value variability of two commercial fixed rate loans with the same principal, amortization, and maturity terms of the underlying loans, which are designated as fair value hedges as follows:

•Under the terms of a $9.95 million original notional interest rate swap expiring January 15, 2025, we will pay a fixed rate of 4.33% and receive a variable rate equal to one month LIBOR plus 2.40 percent.

•Under the terms of a $11.3 million original notional interest rate swap expiring January 15, 2026, we will pay a fixed rate of 4.30% and receive a variable rate equal to one month LIBOR plus 2.18 percent.

A summary of our derivative financial instruments as of September 30, 2020 and December 31, 2019 follows:
 September 30, 2020
 Notional
Amount		Derivative Fair ValueNet Ineffective
Dollars in thousandsAssetLiabilityHedge Gains/(Losses)
CASH FLOW HEDGES    
Pay-fixed/receive-variable interest rate swaps   
Short term borrowings$80,000 $— $1,652 $— 
Interest rate cap
Short term borrowings$100,000 $4,611 $— $— 
FAIR VALUE HEDGES
Pay-fixed/receive-variable interest rate swaps
Commercial real estate loans$18,349 $— $1,415 $— 
 December 31, 2019
 Notional
Amount		Derivative Fair ValueNet Ineffective
Dollars in thousandsAssetLiabilityHedge Gains/(Losses)
CASH FLOW HEDGES    
Pay-fixed/receive-variable interest rate swaps   
Short term borrowings$70,000 $— $679 $— 
FAIR VALUE HEDGES
Pay-fixed/receive-variable interest rate swaps
Commercial real estate loans$18,809 $— $309 $— 

Loan commitments:  ASC Topic 815, Derivatives and Hedging, requires that commitments to make mortgage loans should be accounted for as derivatives if the loans are to be held for sale, because the commitment represents a written option and accordingly is recorded at the fair value of the option liability.
v3.20.2
Acquisitions Acquisitions
 9 Months Ended
Sep. 30, 2020
Business Combinations [Abstract]  
Business Combination Disclosure [Text Block] ACQUISITIONS
Cornerstone Financial Services Inc. Acquisition

On January 1, 2020, Summit Community Bank, Inc. ("SCB"), a wholly-owned subsidiary of Summit, acquired 100% of the ownership of Cornerstone Financial Services Inc. ("Cornerstone") and its subsidiary Cornerstone Bank, headquartered in West Union, West Virginia. With this transaction, Summit further expands its footprint into the central region of West Virginia. Pursuant to the Agreement and Plan of Merger dated September 17, 2019, Cornerstone's shareholders received cash in the amount of $5,700.00 per share or 228 shares of Summit common stock, or a combination of cash and Summit stock, subject to proration to result in approximately 50% cash and 50% stock consideration in the aggregate. Total stock consideration was $15.4 million or 570,000 shares of Summit common stock and cash consideration was $14.3 million. Cornerstone's assets and liabilities approximated $195 million and $176 million, respectively, at December 31, 2019 and was deemed immaterial to our financial statements.

We accounted for the acquisition using the acquisition method of accounting in accordance with ASC 805, Business Combinations and accordingly, the assets and liabilities of Cornerstone were recorded at their acquisition date respective fair values. Determining the fair value of assets and liabilities, particularly related to the loan portfolio, is a complicated process involving significant judgment regarding methods and assumptions used to calculate the estimated fair values. The fair values are preliminary and subject to refinement for up to one year after the acquisition date as additional information relative to the acquisition date fair values becomes available. We recognized preliminary goodwill of $10.82 million in connection with the acquisition (not deductible for income tax purposes), which is not amortized for financial reporting purposes, but is subject to annual impairment testing or upon a triggering event. The core deposit intangible represents the value of long-term deposit relationships acquired in this transaction and will be amortized over an estimated weighted average life of 10 years using an accelerated method which approximates the estimated run-off of the acquired deposits. The following table details the total consideration paid on January 1, 2020 in connection with the acquisition of Cornerstone, the fair values of the assets acquired and liabilities assumed and the resulting preliminary goodwill.
(Dollars in thousands)As Recorded by CornerstoneEstimated Fair Value AdjustmentsEstimated Fair Values as Recorded by Summit
Cash consideration$14,250 
Stock consideration15,441 
Total consideration29,691 
Identifiable assets acquired:
Cash and cash equivalents$60,284 $— $60,284 
Securities available for sale, at fair value90,075 (47)90,028 
Loans
Purchased performing
37,965 188 38,153 
Purchased credit deteriorated
1,877 (569)1,308 
Allowance for loan losses(312)312 — 
Premises and equipment806 (142)664 
Property held for sale10 — 10 
Core deposit intangibles— 717 717 
Other assets4,324 (74)4,250 
Total identifiable assets acquired
$195,029 $385 $195,414 
Identifiable liabilities assumed:
Deposits173,027 239 173,266 
Other liabilities3,286 (7)3,279 
Total identifiable liabilities assumed
$176,313 $232 $176,545 
Net identifiable assets acquired$18,716 $153 $18,869 
Preliminary goodwill resulting from acquisition$10,822 


MVB Bank Branches Acquisition

On April 24, 2020, SCB expanded its presence in the Eastern Panhandle of West Virginia by acquiring three MVB Bank locations in Berkeley County, West Virginia and one MVB Bank location in Jefferson County, West Virginia. Summit assumed certain deposits and loans totaling approximately $195.0 million and $35.3 million, respectively. The purchase price was $50.3 million consisting of (i) the average daily closing balance of the deposits for the thirty (30) day period prior to the closing multiplied by 8.00%, (ii) the aggregate amount of cash on hand as of the closing date, (iii) the aggregate net book value of all assets being assumed (excluding cash on hand, real property and accrued interest with respect to the loans acquired), (iv) the appraised value of the real property acquired, and (v) accrued interest with respect to the loans acquired.

This acquisition was determined to constitute a business combination in accordance with ASC 805, Business Combinations,and accordingly we accounted for the acquisition using the acquisition method of accounting, recording the assets and liabilities of MVB Bank at their acquisition date respective fair values. Determining the fair value of assets and liabilities, particularly related to the loan portfolio, is a complicated process involving significant judgment regarding methods and assumptions used to calculate the estimated fair values. The fair values are preliminary and subject to refinement for up to one year after the acquisition date as additional information relative to the acquisition date fair values becomes available. We recognized preliminary goodwill of $14.67 million in connection with the acquisition (deductible for income tax purposes), which is not amortized for financial reporting purposes, but is subject to annual impairment testing. The core deposit intangible represents the value of long-term deposit relationships acquired in this transaction and will be amortized over an estimated weighted average life of 10 years using an accelerated method which approximates the estimated run-off of the acquired deposits. The following table details the total consideration paid on April 24, 2020 in connection with the acquisition of the MVB Bank branches, the fair values of the assets acquired and liabilities assumed and the resulting preliminary goodwill.
(Dollars in thousands)As Recorded by MVBEstimated Fair Value AdjustmentsEstimated Fair Values as Recorded by Summit
Cash consideration$12,965 
Total consideration12,965 
Identifiable assets acquired:
Cash and cash equivalents$800 $— $800 
Loans
Purchased performing
35,127 (1,185)33,942 
Premises and equipment2,376 (42)2,334 
Core deposit intangibles— 125 125 
Other assets114 — 114 
Total identifiable assets acquired
$38,417 $(1,102)$37,315 
Identifiable liabilities assumed:
Deposits188,134 598 188,732 
Other liabilities102 — 102 
Total identifiable liabilities assumed
$188,236 $598 $188,834 
Net liabilities assumed$(149,819)$(1,700)$(151,519)
Net cash received from MVB136,854 
Preliminary goodwill resulting from acquisition$14,665 

The following is a description of the methods used to determine the fair values of significant assets and liabilities presented for both transactions above.
Cash and cash equivalents: The carrying amount of these assets approximates their fair value based on the short-term nature of these assets, with the exception of certificates of deposits held at other banks, which were adjusted to fair value based upon current interest rates.

Securities: Fair values for securities are based on quoted market prices, where available. If quoted market prices are not available, fair value estimates are based on observable inputs including quoted market prices for similar instruments, quoted market prices that are not in an active market or other inputs that are observable in the market.

Loans: Fair values for loans are based on a discounted cash flow methodology that considered factors including the type of loan and related collateral, collectibility, fixed or variable interest rate, term of loan, amortization status and current market rates. Loans were grouped together according to similar characteristics and were treated in the aggregate when applying various valuation techniques. The discount rates used for loans are based on current market rates for new originations of comparable loans and include adjustments for liquidity concerns, if any.

Premises and equipment: The fair value of Cornerstone's real property was determined based upon appraisals by licensed appraisers. The fair value of tangible personal property, which is not material, was assumed to equal the carrying value by Cornerstone.

Core deposit intangible: This intangible asset represents the value of the relationships with deposit customers. The fair value was estimated based on a discounted cash flow methodology that gave appropriate consideration to expected customer attrition rates, cost of the deposit base, reserve requirements and the net maintenance cost attributable to customer deposits.

Deposits: The fair values of the demand and savings deposits by definition equal the amount payable on demand at the acquisition date. The fair values for time deposits are estimated using a discounted cash flow calculation that applies interest rates currently being offered to the contractual interest rates on such time deposits.

Loans acquired in a business combination are recorded at estimated fair value on the date of acquisition without the carryover of the related allowance for loan losses.
Prior to adoption of ASC 326 on January 1, 2020, loans acquired in a business combination that had evidence of credit deterioration since origination and for which it was probable at the date of acquisition that we would not collect all contractually required principal and interest payments were considered purchased credit-impaired (PCI) loans. When determining fair value, PCI loans were identified as of the date of acquisition based upon evidence of credit quality such as internal risk grades and past due and nonaccrual status. The difference between contractually required payments of principal and interest at acquisition and the cash flows expected to be collected at acquisition was accounted for as a"nonaccretable difference," and was available to absorb future credit losses on those loans. For purposes of determining the nonaccretable difference, no prepayments were generally assumed in determining contractually required payments of principal and interest or cash flows expected to be collected. Subsequent decreases to the expected cash flows generally resulted in a provision for loan losses. Subsequent significant increases in cash flows could have resulted in a reversal of the provision for loan losses to the extent of prior charges, or a transfer from nonaccretable difference to accretable yield. Further, any excess of cash flows expected at acquisition over the estimated fair value was accounted for as accretable yield and was recognized as interest income over the remaining life of the loan when there was a reasonable expectation about the amount and timing of such cash flows.

Subsequent to adoption of ASC 326 on January 1, 2020, loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered purchased credit deteriorated (“PCD”) loans. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial allowance for credit losses is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial allowance for credit losses is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to noncredit factors and results in a discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans. All loans considered to be PCI prior to January 1, 2020 were converted to PCD on that date.

Loans not designated PCD loans as of the acquisition date are designated purchased performing loans. We account for purchased performing loans using the contractual cash flows method of recognizing discount accretion based on the acquired loans’ contractual cash flows. Purchased performing loans are recorded at fair value, including a credit discount. The fair value discount is accreted as an adjustment to yield over the estimated lives of the loans. There is no allowance for loan losses established at the acquisition date for purchased performing loans. A provision for loan losses is recorded for any deterioration in these loans subsequent to the acquisition.

The following presents the financial effects of adjustments recognized in the statements of income for the three and nine months ended September 30, 2020 and 2019 related to business combinations that occurred during 2016, 2017, 2019 and 2020.
Income increase (decrease)
Three Months Ended September 30,Nine Months Ended September 30,
Dollars in thousands2020201920202019
Interest and fees on loans$161 $137 $680 $604 
Interest expense on deposits175 77 461 247 
Amortization of intangibles(412)(404)(1,251)(1,234)
Income before income tax expense$(76)$(190)$(110)$(383)


Pending WinFirst Acquisition

On September 28, 2020, we entered into a Definitive Merger Agreement with WinFirst Financial Corp. ("WinFirst"). Pursuant to the terms of the merger agreement, Summit will acquire all of the outstanding shares of common stock of WinFirst in exchange for cash in the amount of $21.7 million. Total merger consideration received by WinFirst shareholders is subject to an adjustment if WinFirst's adjusted shareholders’ equity as of the effective date of the merger deviates from the range mutually determined by the parties. WinFirst's assets approximated $146 million at September 30, 2020.
We anticipate the acquisition will close by year-end 2020, subject to customary closing conditions, including regulatory approval and approval of WinFirst's shareholders. Following the consummation of the merger, WinFirst's wholly-owned subsidiary WinFirst Bank will be consolidated with Summit's subsidiary, Summit Community Bank, Inc.
v3.20.2
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Comprehensive Income (Loss) Note [Text Block] ACCUMULATED OTHER COMPREHENSIVE INCOME
The following is changes in accumulated other comprehensive income by component, net of tax, for the three and nine months ending September 30, 2020 and 2019.
For the Three Months Ended September 30, 2020
Dollars in thousandsGains and Losses on Pension PlanGains and Losses on Other Post-Retirement BenefitsGains and Losses on Cash Flow HedgesUnrealized Gains (Losses) on Available-for-Sale SecuritiesTotal
Beginning balance$(140)$48 $(2,417)$5,831 $3,322 
Other comprehensive income before reclassification— — 422 1,603 2,025 
Amounts reclassified from accumulated other comprehensive income
— — — (1,157)(1,157)
Net current period other comprehensive income— — 422 446 868 
Ending balance$(140)$48 $(1,995)$6,277 $4,190 
For the Three Months Ended September 30, 2019
Dollars in thousandsGains and Losses on Pension PlanGains and Losses on Other Post-Retirement BenefitsGains and Losses on Cash Flow HedgesUnrealized Gains (Losses) on Available-for-Sale SecuritiesTotal
Beginning balance$(328)$139 $(737)$3,147 $2,221 
Other comprehensive income income before reclassification— — 53 1,916 1,969 
Amounts reclassified from accumulated other comprehensive income
— — — (344)(344)
Net current period other comprehensive income— — 53 1,572 1,625 
Ending balance$(328)$139 $(684)$4,719 $3,846 
For the Nine Months Ended September 30, 2020
Dollars in thousandsGains and Losses on Pension PlanGains and Losses on Other Post-Retirement BenefitsGains and Losses on Cash Flow HedgesUnrealized Gains (Losses) on Available-for-Sale SecuritiesTotal
Beginning balance$(140)$48 $(518)$3,145 $2,535 
Other comprehensive income (loss) before reclassification
— — (1,477)5,078 3,601 
Amounts reclassified from accumulated other comprehensive income
— — — (1,946)(1,946)
Net current period other comprehensive income (loss)— — (1,477)3,132 1,655 
Ending balance$(140)$48 $(1,995)$6,277 $4,190 
For the Nine Months Ended September 30, 2019
Dollars in thousandsGains and Losses on Pension PlanGains and Losses on Other Post-Retirement BenefitsGains and Losses on Cash Flow HedgesUnrealized Gains (Losses) on Available-for-Sale SecuritiesTotal
Beginning balance$— $139 $(314)$(841)$(1,016)
Other comprehensive income (loss) before reclassification
(328)— (370)6,727 6,029 
Amounts reclassified from accumulated other comprehensive income
— — — (1,167)(1,167)
Net current period other comprehensive income (loss)
(328)— (370)5,560 4,862 
Ending balance$(328)$139 $(684)$4,719 $3,846 
v3.20.2
Income Taxes Income Taxes
 9 Months Ended
Sep. 30, 2020
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block] INCOME TAXES
Our income tax expense for the three months ended September 30, 2020 and September 30, 2019 totaled $2.6 million and $1.8 million, respectively. For the nine months ended September 30, 2020 and September 30, 2019 our income tax expense totaled $5.3 million and $5.3 million. Our effective tax rate (income tax expense as a percentage of income before taxes) for the three months ended September 30, 2020 and 2019 was 21.2% and 18.4%, respectively, and for the nine months ended September 30, 2020 and 2019 waa 20.1% and 18.2%, respectively. A reconciliation between the statutory income tax rate and our effective income tax rate for the three and nine months ended September 30, 2020 and 2019 is as follows:
For the Three Months Ended September 30,For the Nine Months Ended September 30,
 2020201920202019
Dollars in thousandsPercentPercentPercentPercent
Applicable statutory rate21.0 %21.0 %21.0 %21.0 %
Increase (decrease) in rate resulting from:
 
Tax-exempt interest and dividends, net
(1.9)%(1.6)%(2.2)%(2.0)%
State income taxes, net of Federal income tax benefit
1.9 %1.9 %1.6 %1.8 %
Low-income housing and rehabilitation tax credits(0.1)%(0.5)%(0.6)%(0.6)%
Other, net0.3 %(2.4)%0.3 %(2.0)%
Effective income tax rate21.2 %18.4 %20.1 %18.2 %

The components of applicable income tax expense for the three and nine months ended September 30, 2020 and 2019 are as follows:
For the Three Months Ended September 30,For the Nine Months Ended September 30,
Dollars in thousands2020201920202019
Current  
Federal$2,697 $1,666 $7,689 $4,913 
State372 246 1,072 716 
 3,069 1,912 8,761 5,629 
Deferred   
Federal(416)(88)(3,025)(294)
State(59)(12)(434)(42)
 (475)(100)(3,459)(336)
Total$2,594 $1,812 $5,302 $5,293 
v3.20.2
Revenue Recognition Revenue from Contracts with Customers (Notes)
 9 Months Ended
Sep. 30, 2020
Revenue from Contracts with Customers [Abstract]  
Revenue from Contracts with Customers REVENUE FROM CONTRACTS WITH CUSTOMERS
Interest income, loan fees, realized securities gains and losses, bank owned life insurance income and mortgage banking revenue are not in the scope of ASC Topic 606, Revenue from Contracts with Customers. With the exception of gains or losses on sales of foreclosed properties, all of our revenue from contracts with customers in the scope of ASC 606 is recognized within Noninterest Income in the Consolidated Statements of Income. Incremental costs of obtaining a contract are expensed when incurred when the amortization period is one year or less.
The following table illustrates our total non-interest income segregated by revenues within the scope of ASC Topic 606 and those which are within the scope of other ASC Topics: 
Three Months Ended September 30,Nine Months Ended September 30,
Dollars in thousands2020201920202019
Service fees on deposit accounts$1,138 $1,312 $3,283 $3,716 
Bank card revenue1,237 924 3,257 2,631 
Trust and wealth management fees622 632 1,870 1,830 
Insurance commissions44 40 75 1,821 
Other69 66 292 224 
Net revenue from contracts with customers 3,110 2,974 8,777 10,222 
Non-interest income within the scope of other ASC topics3,097 785 5,530 4,577 
Total noninterest income$6,207 $3,759 $14,307 $14,799 
v3.20.2
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2020
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis.
 Balance atFair Value Measurements Using:
Dollars in thousandsSeptember 30, 2020Level 1Level 2Level 3
Securities available for sale    
U.S. Government sponsored agencies$36,766 $— $36,766 $— 
Mortgage backed securities:    
Government sponsored agencies62,351 — 62,351 — 
Nongovernment sponsored entities15,190 — 15,190 — 
State and political subdivisions52,300 — 52,300 — 
Corporate debt securities25,956 — 25,956 — 
Asset-backed securities46,035 — 46,035 — 
Tax-exempt state and political subdivisions59,391 — 59,391 — 
Total securities available for sale$297,989 $— $297,989 $— 
Derivative financial assets
Interest rate cap$4,611 $— $4,611 $— 
Derivative financial liabilities    
Interest rate swaps$3,067 $— $3,067 $— 
 Balance atFair Value Measurements Using:
Dollars in thousandsDecember 31, 2019Level 1Level 2Level 3
Securities available for sale    
U.S. Government sponsored agencies$20,864 $— $20,864 $— 
Mortgage backed securities:    
Government sponsored agencies70,975 — 70,975 — 
Nongovernment sponsored entities10,229 — 10,229 — 
State and political subdivisions49,973 — 49,973 — 
Corporate debt securities18,200 — 18,200 — 
Asset-backed securities33,014 — 33,014 — 
Tax-exempt state and political subdivisions73,100 — 73,100 — 
Total securities available for sale$276,355 $— $276,355 $— 
Derivative financial liabilities    
Interest rate swaps$988 $— $988 $— 
Fair Value Measurements, Nonrecurring Assets measured at fair value on a nonrecurring basis are included in the table below.
 Balance atFair Value Measurements Using:
Dollars in thousandsSeptember 30, 2020Level 1Level 2Level 3
Residential mortgage loans held for sale$2,538 $— $2,538 $— 
Collateral-dependent loans with an ACLL    
Commercial$8 $— $8 $— 
Commercial real estate7,954 — 7,954 — 
Construction and development355 — 355 — 
Residential real estate90 — 90 — 
Total collateral-dependent loans with an ACLL$8,407 $— $8,407 $— 
Property held for sale    
Commercial real estate$1,125 $— $1,125 $— 
Construction and development14,049 — 13,428 621 
Residential real estate500 — 500 — 
Total property held for sale$15,674 $— $15,053 $621 
Collateral dependent loans with an ACLL were categorized as impaired loans with specific reserves prior to the adoption of ASC 326.
 Balance atFair Value Measurements Using:
Dollars in thousandsDecember 31, 2019Level 1Level 2Level 3
Residential mortgage loans held for sale$1,319 $— $1,319 $— 
Collateral-dependent impaired loans    
Commercial$4,831 $— $4,831 $— 
Commercial real estate1,863 — 1,863 — 
Construction and development425 — 425 — 
Residential real estate692 — 566 126 
Total collateral-dependent impaired loans$7,811 $— $7,685 $126 
Property held for sale    
Commercial real estate$1,304 $— $1,304 $— 
Construction and development12,182 — 12,182 — 
Residential real estate705 — 705 — 
Total property held for sale$14,191 $— $14,191 $— 
Fair Value, by Balance Sheet Grouping
The carrying values and estimated fair values of our financial instruments are summarized below:
 September 30, 2020Fair Value Measurements Using:
Dollars in thousandsCarrying
Value		Estimated
Fair
Value		Level 1Level 2Level 3
Financial assets    
Cash and cash equivalents$108,986 $108,986 $— $108,986 $— 
Securities available for sale297,989 297,989 — 297,989 — 
Securities held to maturity91,600 92,786 — 92,786 — 
Other investments10,766 10,766 — 10,766 — 
Loans held for sale, net2,538 2,538 — 2,538 — 
Loans, net2,222,450 2,228,148 — 8,407 2,219,741 
Accrued interest receivable10,978 10,978 — 10,978 — 
Derivative financial assets4,611 4,611 — 4,611 — 
     Cash surrender value of life insurance policies and annuities57,029 57,029 — 57,029 — 
 $2,806,947 $2,813,831 $— $594,090 $2,219,741 
Financial liabilities    
Deposits$2,451,891 $2,456,247 $— $2,456,247 $— 
Short-term borrowings140,145 140,145 — 140,145 — 
Long-term borrowings703 882 — 882 — 
Subordinated debentures29,336 29,336 — 29,336 — 
Subordinated debentures owed to unconsolidated
subsidiary trusts		19,589 19,589 — 19,589 — 
Accrued interest payable898 898 — 898 — 
Derivative financial liabilities3,067 3,067 — 3,067 — 
 $2,645,629 $2,650,164 $— $2,650,164 $— 
 December 31, 2019Fair Value Measurements Using:
Dollars in thousandsCarrying
Value		Estimated
Fair
Value		Level 1Level 2Level 3
Financial assets    
Cash and cash equivalents$61,888 $61,888 $— $61,888 $— 
Securities available for sale276,355 276,355 — 276,355 — 
Other investments12,972 12,972 — 12,972 — 
Loans held for sale, net1,319 1,319 — 1,319 — 
Loans, net1,900,425 1,901,020 — 7,685 1,893,335 
Accrued interest receivable8,439 8,439 — 8,439 — 
Cash surrender value of life insurance policies43,603 43,603 — 43,603 — 
 $2,305,001 $2,305,596 $— $412,261 $1,893,335 
Financial liabilities    
Deposits$1,913,237 $1,918,610 $— $1,918,610 $— 
Short-term borrowings199,345 199,345 — 199,345 — 
Long-term borrowings717 854 — 854 — 
Subordinated debentures owed to unconsolidated
subsidiary trusts		19,589 19,589 — 19,589 — 
Accrued interest payable1,234 1,234 — 1,234 — 
Derivative financial liabilities988 988 — 988 — 
 $2,135,110 $2,140,620 $— $2,140,620 $— 
v3.20.2
Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The computations of basic and diluted earnings per share follow:
 For the Three Months Ended September 30,
 20202019
Dollars in thousands,except per share amountsNet Income
(Numerator)		Common
Shares
(Denominator)		Per
Share		Net Income
(Numerator)		Common
Shares
(Denominator)		Per
Share
Net income$9,620   $8,061   
Basic earnings per share$9,620 12,922,158 $0.74 $8,061 12,412,982 $0.65 
Effect of dilutive securities:  
Stock options4,182  4,654  
Stock appreciation rights (SARs)23,244 50,142 
Restricted stock units (RSUs)— — 
Diluted earnings per share$9,620 12,949,584 $0.74 $8,061 12,467,778 $0.65 
 For the Nine Months Ended September 30,
 20202019
Dollars in thousands,except per share amountsIncome
(Numerator)		Common
Shares
(Denominator)		Per
Share		Income
(Numerator)		Common
Shares
(Denominator)		Per
Share
Net income$21,075   $23,718   
Basic earnings per share$21,075 12,934,401 $1.63 $23,718 12,555,411 $1.89 
Effect of dilutive securities:   
Stock options4,308  5,006  
Stock appreciation rights (SARs)33,082 53,965 
Restricted stock units (RSUs)— — 
Diluted earnings per share$21,075 12,971,913 $1.62 $23,718 12,614,382 $1.88 
v3.20.2
Securities (Tables)
 9 Months Ended
Sep. 30, 2020
Debt Securities, Available-for-sale and Held-to-maturity [Abstract]  
Summary of Amortized Cost and Fair Value of Available-for-sale Securities The amortized cost, unrealized gains, unrealized losses and estimated fair values of debt securities available for sale at September 30, 2020 and December 31, 2019 are summarized as follows:
 September 30, 2020
 AmortizedUnrealizedEstimated
Dollars in thousandsCostGainsLossesFair Value
Available for Sale (carried at estimated fair value)    
Taxable debt securities    
U.S. Government and agencies and corporations$36,818 $366 $418 $36,766 
Residential mortgage-backed securities:    
Government-sponsored agencies60,678 2,072 399 62,351 
Nongovernment-sponsored entities15,255 187 252 15,190 
State and political subdivisions    
General obligations12,756 749 — 13,505 
Water and sewer revenues9,602 667 — 10,269 
Lease revenues5,837 344 3 6,178 
Income tax revenues5,055 435 — 5,490 
Other revenues15,550 1,309 1 16,858 
Corporate debt securities26,438 42 524 25,956 
Asset-backed securities47,291 14 1,270 46,035 
Total taxable debt securities235,280 6,185 2,867 238,598 
Tax-exempt debt securities    
State and political subdivisions    
General obligations29,149 2,828 17 31,960 
Water and sewer revenues8,290 669 — 8,959 
Lease revenues7,283 743 — 8,026 
Other revenues9,725 733 12 10,446 
Total tax-exempt debt securities54,447 4,973 29 59,391 
Total available for sale securities$289,727 $11,158 $2,896 $297,989 
 December 31, 2019
 AmortizedUnrealizedEstimated
Dollars in thousandsCostGainsLossesFair Value
Available for Sale (carried at estimated fair value)    
Taxable debt securities    
U.S. Government and agencies and corporations$21,036 $212 $384 $20,864 
Residential mortgage-backed securities:    
Government-sponsored agencies70,379 1,031 435 70,975 
Nongovernment-sponsored entities10,253 17 41 10,229 
State and political subdivisions    
General obligations12,603 25 171 12,457 
Water and sewer revenues7,170 71 114 7,127 
Lease revenues5,310 25 77 5,258 
University revenues5,917 164 16 6,065 
Other revenues18,831 344 109 19,066 
Corporate debt securities18,268 81 149 18,200 
          Asset-backed securities33,826 — 812 33,014 
Total taxable debt securities203,593 1,970 2,308 203,255 
Tax-exempt debt securities    
State and political subdivisions    
General obligations36,673 2,526 — 39,199 
Water and sewer revenues9,565 633 — 10,198 
Lease revenues8,455 598 — 9,053 
Other revenues13,929 728 7 14,650 
Total tax-exempt debt securities68,622 4,485 7 73,100 
Total available for sale securities$272,215 $6,455 $2,315 $276,355 
Summary of Volume of State and Political Subdivision Securities Held in Portfolio We own no such securities of any single issuer which we deem to be a concentration.
 September 30, 2020
 AmortizedUnrealizedEstimated
Dollars in thousandsCostGainsLossesFair Value
California$15,323 $1,426 $— $16,749 
New York10,455 959 — 11,414 
Texas9,887 844 — 10,731 
Illinois9,248 636 18 9,866 
Florida8,497 669 — 9,166 
Investments Classified by Contractual Maturity Date
The maturities, amortized cost and estimated fair values of securities available for sale at September 30, 2020, are summarized as follows:
Dollars in thousandsAmortized
Cost		Estimated
Fair Value
Due in one year or less$32,295 $32,637 
Due from one to five years84,789 86,143 
Due from five to ten years67,999 68,841 
Due after ten years104,644 110,368 
Total$289,727 $297,989 
Schedule of Realized Gain (Loss)
The proceeds from sales, calls and maturities of securities available for sale, including principal payments received on mortgage-backed obligations, and the related gross gains and losses realized, for the nine months ended September 30, 2020 and 2019 are as follows:
 Proceeds fromGross realized
Dollars in thousandsSalesCalls and
Maturities		Principal
Payments		GainsLosses
For the Nine Months Ended 
 September 30,
2020
Securities available for sale$105,597 $2,810 $17,952 $2,560 $— 
2019
Securities available for sale$133,174 $1,766 $18,501 $1,867 $332 
Schedule of Unrealized Loss on Investments
Provided below is a summary of debt securities available for sale which were in an unrealized loss position at September 30, 2020 and December 31, 2019.
 September 30, 2020
 Less than 12 months12 months or moreTotal
Dollars in thousands# of securities in loss positionEstimated
Fair Value		Unrealized
Loss		Estimated
Fair Value		Unrealized
Loss		Estimated
Fair Value		Unrealized
Loss
Taxable debt securities      
U.S. Government agencies and corporations
34$15,995 $61 $12,427 $357 $28,422 $418 
Residential mortgage-backed securities:      
Government-sponsored agencies126,031 49 9,327 350 15,358 399 
Nongovernment-sponsored entities43,492 22 2,726 230 6,218 252 
State and political subdivisions:      
Lease revenues11,515 3 — — 1,515 3 
Other revenues11,513 1 — — 1,513 1 
Corporate debt securities108,381 410 1,886 114 10,267 524 
Asset-backed securities2111,391 204 31,930 1,066 43,321 1,270 
Tax-exempt debt securities      
State and political subdivisions:      
General obligations1972 17 — — 972 17 
Other revenues1145 12 — — 145 12 
Total85$49,435 $779 $58,296 $2,117 $107,731 $2,896 
 December 31, 2019
 Less than 12 months12 months or moreTotal
Dollars in thousands# of securities in loss positionEstimated
Fair Value		Unrealized
Loss		Estimated
Fair Value		Unrealized
Loss		Estimated
Fair Value		Unrealized
Loss
Taxable debt securities      
U.S. Government agencies and
corporations		15$— $— $14,903 $384 $14,903 $384 
Residential mortgage-backed securities:      
Government-sponsored agencies2112,298 96 15,174 339 27,472 435 
Nongovernment-sponsored entities48,323 41 — — 8,323 41 
State and political subdivisions:      
General obligations1010,581 171 — — 10,581 171 
Water and sewer revenues44,421 114 — — 4,421 114 
Lease revenues44,235 77 — — 4,235 77 
University revenues11,307 16 — — 1,307 16 
Other revenues66,517 109 — — 6,517 109 
Corporate debt securities61,686 3 3,739 146 5,425 149 
   Asset-backed securities153,441 34 29,573 778 33,014 812 
Tax-exempt debt securities      
State and political subdivisions:      
Other revenues21,183 7 — — 1,183 7 
Total88$53,992 $668 $63,389 $1,647 $117,381 $2,315 
Debt Securities, Held-to-maturity The amortized cost, unrealized gains, unrealized losses and estimated fair values of debt securities held to maturity at September 30, 2020 are summarized as follows:
 September 30, 2020
 AmortizedUnrealizedEstimated
Dollars in thousandsCostGainsLossesFair Value
Held to Maturity (carried at amortized cost)    
Tax-exempt debt securities    
State and political subdivisions    
General obligations$69,731 $1,081 $37 $70,775 
Water and sewer revenues7,181 104 8 7,277 
Sales tax revenues4,665 28 45 4,648 
Other revenues10,023 154 91 10,086 
Total tax-exempt debt securities91,600 1,367 181 92,786 
Total$91,600 $1,367 $181 $92,786 
Summary Of Volume of State and Political Subdivision Securities Held to Maturity The below information is relative to the five states where issuers with the highest volume of state and political subdivision securities held in our held to maturity portfolio are located.  We own no such securities of any single issuer which we deem to be a concentration.
September 30, 2020
AmortizedUnrealizedEstimated
Dollars in thousandsCostGainsLossesFair Value
Texas$14,528 $182 $— $14,710 
California10,132 216 8 10,340 
Pennsylvania8,823 41 8 8,856 
Michigan7,191 25 43 7,173 
Nevada6,976 — 6 6,970 
Held to Maturity Investments Classified by Contractual Maturity Date
The maturities, amortized cost and estimated fair values of held to maturity securities at September 30, 2020, are summarized as follows:
Dollars in thousandsAmortized
Cost		Estimated
Fair Value
Due in one year or less$— $— 
Due from one to five years— — 
Due from five to ten years2,048 2,090 
Due after ten years89,552 90,696 
Held to Maturity$91,600 $92,786 
Schedule of Realized Gain (Loss) Held to Maturity Securities
The proceeds from sales, calls and maturities of held to maturity securities, including principal payments received on mortgage-backed obligations, and the related gross gains and losses realized, for the nine months ended September 30, 2020 are as follows:

 Proceeds fromGross realized
Dollars in thousandsSalesCalls and
Maturities		Principal
Payments		GainsLosses
For the Nine Months Ended 
 September 30,
2020
Securities held to maturity$— $1,000 $— $— $— 
v3.20.2
Loans (Tables)
 9 Months Ended
Sep. 30, 2020
Loans and Leases Receivable Disclosure [Abstract]  
Summary of Loans, Net of Unearned Fees
The following table presents the amortized cost of loans held for investment:
Dollars in thousandsSeptember 30,
2020		December 31,
2019
Commercial$350,985 $220,452 
Commercial real estate - owner occupied  
Professional & medical94,635 81,973 
Retail100,926 100,993 
Other116,941 93,253 
Commercial real estate - non-owner occupied
Hotels & motels120,324 128,665 
Mini-storage57,601 50,913 
Multifamily152,561 164,398 
Retail108,326 102,989 
Other179,812 182,242 
Construction and development  
Land & land development97,343 84,112 
Construction66,878 37,523 
Residential 1-4 family real estate  
Personal residence263,315 260,843 
Rental - small loan104,694 101,080 
Rental - large loan73,836 63,986 
Home equity82,991 76,568 
Mortgage warehouse lines243,730 126,237 
Consumer34,655 35,021 
Other
Credit cards1,637 1,453 
Overdrafts614 798 
Total loans, net of unearned fees2,251,804 1,913,499 
Less allowance for credit losses - loans29,354 13,074 
Loans, net$2,222,450 $1,900,425 
Allowance for Credit Losses on Financing Receivables
The following table presents the activity in the ACLL by portfolio segment during the first nine months of 2020:
For the Nine Months Ended September 30, 2020
Allowance for Credit Losses - Loans
Dollars in thousandsBeginning
Balance
Prior to
Adoption of
ASC 326		Impact of
Adoption
of ASC
326		Provision
for
Credit
Losses -
Loans
Adjustment
for PCD
Acquired
Loans		Charge-
offs		RecoveriesEnding
Balance
Commercial$1,221 $1,064 $662 $— $(99)$27 $2,875 
Commercial real estate - owner occupied
  Professional & medical
1,058 (390)1,209 — (1,005)— 872 
  Retail
820 (272)2,285 153 — 162 3,148 
  Other821 (137)(6)— — — 678 
Commercial real estate - non-owner occupied
  Hotels & motels
1,235 (936)1,833 — — — 2,132 
  Mini-storage
485 (311)58 — — — 232 
  Multifamily
1,534 8 (900)— — 38 680 
  Retail
964 279 403 — (343)2 1,305 
  Other
1,721 (1,394)600 — — — 927 
Construction and development
  Land & land development
600 2,136 1,334 111 (4)39 4,216 
  Construction242 996 2,150 — — — 3,388 
Residential 1-4 family real estate
  Personal residence1,275 1,282 (35)146 (45)49 2,672 
  Rental - small loan532 1,453 283 — (123)127 2,272 
  Rental - large loan49 2,884 (317)— — — 2,616 
  Home equity138 308 499 — (23)39 961 
Mortgage warehouse lines
— — — — — — — 
Consumer379 (238)194 — (212)101 224 
Other
  Credit cards— 12 28 — (33)9 16 
  Overdrafts— 182 128 — (288)118 140 
Total
$13,074 $6,926 $10,408 $410 $(2,175)$711 $29,354 
The following table presents the activity in the ACLL by portfolio segment for the year ended December 31, 2019, as determined in accordance with ASC 310 prior to the January 1, 2020 adoption of ASC 326:
For the Year Ended December 31, 2019
Allowance for Credit Losses - Loans
Dollars in thousandsBeginning
Balance		Charge-
offs		RecoveriesProvisionEnding
Balance
Commercial$1,705 $(281)$17 $(295)$1,146 
Commercial real estate
Owner occupied2,214 (2)21 467 2,700 
Non-owner occupied
5,742 (170)1 366 5,939 
Construction and development
   Land & land development
339 (2)108 155 600 
Construction64 — — 178 242 
Residential real estate
Non-jumbo2,090 (979)125 576 1,812 
Jumbo379 — — (368)11 
Home equity167 (24)19 (24)138 
Mortgage warehouse lines
— — — — — 
Consumer79 (285)168 173 135 
Other268 (360)121 322 351 
Total
$13,047 $(2,103)$580 $1,550 $13,074 
Impaired Financing Receivables The following table presents, as of September 30, 2020 segregated by loan portfolio segment, details of the loan portfolio and the ACLL calculated in accordance with our credit loss accounting methodology for loans described above.
September 30, 2020
Loan BalancesAllowance for Credit Losses - Loans
Dollars in thousandsLoans Individually Evaluated
Loans Collectively Evaluated (1)
TotalLoans Individually EvaluatedLoans Collectively EvaluatedTotal
Commercial$4,242 $346,743 $350,985 $20 $2,855 $2,875 
Commercial real estate - owner occupied
  Professional & medical2,197 92,438 94,635 230 642 872 
  Retail16,220 84,706 100,926 2,142 1,006 3,148 
  Other— 116,941 116,941 — 678 678 
Commercial real estate - non-owner occupied
  Hotels & motels— 120,324 120,324 — 2,132 2,132 
  Mini-storage— 57,601 57,601 — 232 232 
  Multifamily— 152,561 152,561 — 680 680 
  Retail2,507 105,819 108,326 57 1,248 1,305 
  Other5,229 174,583 179,812 — 927 927 
Construction and development
  Land & land development1,621 95,722 97,343 640 3,576 4,216 
  Construction— 66,878 66,878 — 3,388 3,388 
Residential 1-4 family real estate
  Personal residence— 263,315 263,315 — 2,672 2,672 
  Rental - small loan726 103,968 104,694 44 2,228 2,272 
  Rental - large loan4,445 69,391 73,836 — 2,616 2,616 
  Home equity523 82,468 82,991 — 961 961 
Consumer— 34,655 34,655 — 224 224 
Other
Credit cards— 1,637 1,637 — 16 16 
Overdrafts— 614 614 — 140 140 
Mortgage warehouse lines— 243,730 243,730 — — — 
             Total$37,710 $2,214,094 $2,251,804 $3,133 $26,221 $29,354 
Collateral Dependent Financing Receivables And Allowance For Credit Losses on Collateral Dependent Financing Receivables [Table Text Block] The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses, and the related ACLL allocated to those loans:
September 30, 2020
Dollars in thousandsReal Estate
Secured
Loans		Non-Real Estate
Secured Loans		Total LoansAllowance for Credit Losses
- Loans
Commercial$— $4,243 $4,243 $20 
Commercial real estate - owner occupied
  Professional & medical— — — — 
  Retail11,937 — 11,937 2,142 
  Other— — — — 
Commercial real estate - non-owner occupied
  Hotels & motels— — — — 
  Mini-storage— — — — 
  Multifamily— — — — 
  Retail653 — 653 57 
  Other2,890 — 2,890 — 
Construction and development
  Land & land development995 — 995 640 
  Construction— — — — 
Residential 1-4 family real estate
  Personal residence— — — — 
  Rental - small loan726 — 726 44 
  Rental - large loan4,444 — 4,444 — 
  Home equity— — — — 
Consumer— — — — 
Other
Credit cards— — — — 
Overdrafts— — — — 
             Total$21,645 $4,243 $25,888 $2,903 
Schedule of Contractual Aging of Recorded Investment In Past Due Loans By Class
The following table presents the contractual aging of the amortized cost basis of past due loans by class as of September 30, 2020 and December 31, 2019.
 At September 30, 2020
 Past Due 90 days or more and Accruing
Dollars in thousands30-59 days60-89 days90 days or moreTotalCurrent
Commercial$160 $42 $412 $614 $350,371 $— 
Commercial real estate - owner occupied      
  Professional & medical116 — 453 569 94,066 — 
  Retail307 591 2,445 3,343 97,583 — 
  Other— — 149 149 116,792 — 
Commercial real estate - non-owner occupied
  Hotels & motels— — — — 120,324 — 
  Mini-storage— — — — 57,601 — 
  Multifamily— 417 — 417 152,144 — 
  Retail— — 821 821 107,505 — 
  Other— 310 53 363 179,449 — 
Construction and development      
  Land & land development93 329 2 424 96,919 — 
  Construction— — — — 66,878 — 
Residential 1-4 family real estate      
  Personal residence3,062 579 1,112 4,753 258,562 — 
  Rental - small loan243 — 794 1,037 103,657 — 
  Rental - large loan— — 1,127 1,127 72,709 — 
  Home equity516 156 137 809 82,182 — 
Mortgage warehouse lines— — — — 243,730 — 
Consumer128 32 27 187 34,468 — 
Other
Credit cards1 — 2 3 1,634 2 
Overdrafts— — — — 614 — 
Total$4,626 $2,456 $7,534 $14,616 $2,237,188 $2 
 
 At December 31, 2019
 Past Due 90 days or more and Accruing
Dollars in thousands30-59 days60-89 days90 days or moreTotalCurrent
Commercial$216 $— $483 $699 $219,753 $— 
Commercial real estate - owner occupied      
  Professional & medical— 137 1,602 1,739 80,234 — 
  Retail118 — 2,434 2,552 98,441 — 
  Other— — — — 93,253 — 
Commercial real estate - non-owner occupied
  Hotels & motels— — — — 128,665 — 
  Mini-storage— — — — 50,913 — 
  Multifamily809 — 7 816 163,582 — 
  Retail71 179 968 1,218 101,771 — 
  Other— — 387 387 181,855 — 
Construction and development     
  Land & land development208 28 188 424 83,688 — 
  Construction— — 138 138 37,385 — 
Residential 1-4 family real estate      
  Personal residence3,361 806 937 5,104 255,739 — 
  Rental - small loan810 21 940 1,771 99,309 — 
  Rental - large loan— — — — 63,986 — 
  Home equity760 — 223 983 75,585 — 
Mortgage warehouse lines— — — — 126,237 — 
Consumer190 79 70 339 34,682 — 
Other
Credit cards19 6 42 67 1,386 42 
Overdrafts— — — — 798 — 
Total$6,562 $1,256 $8,419 $16,237 $1,897,262 $42 
Schedule of Financing Receivables, Non Accrual Status The following table presents the nonaccrual loans included in the net balance of loans at September 30, 2020 and December 31, 2019.
September 30,December 31,
20202019
Dollars in thousandsNonaccrualNonaccrual
with No
Allowance for
Credit Losses
- Loans		NonaccrualNonaccrual
with No
Allowance for
Credit Losses
- Loans
Commercial$553 $— $864 $76 
Commercial real estate - owner occupied  
  Professional & medical453 — 1,602 — 
  Retail2,551 2,268 2,552 2,262 
  Other383 — 43 — 
Commercial real estate - non-owner occupied
  Hotels & motels— — — — 
  Mini-storage52 — 57 — 
  Multifamily— — 38 31 
  Retail821 168 1,120 527 
  Other53 — 388 40 
Construction and development  
  Land & land development2 — 188 — 
  Construction— — 138 — 
Residential 1-4 family real estate  
  Personal residence2,093 — 2,485 423 
  Rental - small loan1,702 105 1,635 150 
  Rental - large loan1,127 1,127 — — 
  Home equity182 — 284 — 
Mortgage warehouse lines— — — — 
Consumer29 — 74 — 
Other
Credit cards— — — — 
Overdrafts— — — — 
Total$10,001 $3,668 $11,468 $3,509 
Financing Receivable Credit Quality Indicators As of September 30, 2020, based on the most recent analysis performed, the risk category of loans based on year of origination is as follows:
September 30, 2020
Dollars in thousandsRisk Rating20202019201820172016PriorRevolvi-
ng		Revolving- TermTotal
CommercialPass$152,812 $51,021 $23,084 $20,745 $13,647 $14,098 $67,155 $— $342,562 
Special Mention10 40 1,959 81 90 918 558 — 3,656 
Substandard1,039 191 198 46 41 89 3,163 — 4,767 
Total Commercial153,861 51,252 25,241 20,872 13,778 15,105 70,876 — 350,985 
Commercial Real Estate
- Owner Occupied
Professional & medicalPass7,435 14,460 2,580 27,117 3,370 30,154 2,689 — 87,805 
Special Mention 1,178 — — — — 5,199 — — 6,377 
Substandard— 320 — — 133 — — — 453 
Total Professional & Medical8,613 14,780 2,580 27,117 3,503 35,353 2,689 — 94,635 
RetailPass4,691 28,183 5,222 10,721 6,040 28,879 2,236 — 85,972 
Special Mention— 1,239 — 591 6 848 50 — 2,734 
Substandard— 9,669 — — — 2,551 — — 12,220 
Total Retail4,691 39,091 5,222 11,312 6,046 32,278 2,286 — 100,926 
OtherPass24,437 15,558 16,567 9,539 13,284 34,420 1,635 — 115,440 
Special Mention— — — — — 760 — — 760 
Substandard— — — 358 — 342 41 — 741 
Total Other24,437 15,558 16,567 9,897 13,284 35,522 1,676 — 116,941 
Total Commercial Real Estate -
Owner Occupied		37,741 69,429 24,369 48,326 22,833 103,153 6,651 — 312,502 
Commercial Real Estate
- Non-Owner Occupied
Hotels & motelsPass3,457 61,244 15,796 9,901 10,417 14,692 4,817 — 120,324 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total Hotels & Motels3,457 61,244 15,796 9,901 10,417 14,692 4,817 — 120,324 
Mini-storagePass6,200 19,974 14,971 4,029 7,239 4,869 267 — 57,549 
Special Mention— — — — — 52 — — 52 
Substandard— — — — — — — — — 
Total Mini-storage6,200 19,974 14,971 4,029 7,239 4,921 267 — 57,601 
MultifamilyPass17,022 26,957 26,917 18,556 11,271 49,091 2,648 — 152,462 
Special Mention— — — — — 99 — — 99 
Substandard— — — — — — — — — 
Total Multifamily17,022 26,957 26,917 18,556 11,271 49,190 2,648 — 152,561 
September 30, 2020
Dollars in thousandsRisk Rating20202019201820172016PriorRevolvi-
ng		Revolving- TermTotal
RetailPass13,044 23,808 9,980 8,399 5,410 40,150 6,158 — 106,949 
Special Mention— — — 168 — 556 — — 724 
Substandard— — — — — 653 — — 653 
Total Retail13,044 23,808 9,980 8,567 5,410 41,359 6,158 — 108,326 
OtherPass34,265 20,985 51,645 11,077 27,276 29,466 1,697 — 176,411 
Special Mention— — — — — 458 — — 458 
Substandard— — — — — 2,943 — — 2,943 
Total Other34,265 20,985 51,645 11,077 27,276 32,867 1,697 — 179,812 
Total Commercial Real Estate -
Non-Owner Occupied		73,988 152,968 119,309 52,130 61,613 143,029 15,587 — 618,624 
Construction and Development
Land & land developmentPass12,711 29,048 10,899 4,844 6,709 22,665 8,361 — 95,237 
Special Mention— — 13 — — 955 — — 968 
Substandard— — 6 — 14 1,118 — — 1,138 
Total Land & land development12,711 29,048 10,918 4,844 6,723 24,738 8,361 — 97,343 
ConstructionPass31,366 30,661 1,959 895 — — 1,997 — 66,878 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total Construction31,366 30,661 1,959 895 — — 1,997 — 66,878 
Total Construction and
Development		44,077 59,709 12,877 5,739 6,723 24,738 10,358 — 164,221 
Residential 1-4 Family Real Estate
Personal residencePass28,233 28,257 25,264 19,494 22,875 117,412 — — 241,535 
Special Mention— 187 63 352 76 12,908 — — 13,586 
Substandard— 46 463 213 186 7,286 — — 8,194 
Total Personal Residence28,233 28,490 25,790 20,059 23,137 137,606 — — 263,315 
Rental - small loanPass15,175 15,938 12,684 11,630 10,586 28,501 4,570 — 99,084 
Special Mention111 491 251 3 196 1,789 163 — 3,004 
Substandard— — — — 45 2,561 — — 2,606 
Total Rental - Small Loan15,286 16,429 12,935 11,633 10,827 32,851 4,733 — 104,694 
Rental - large loanPass13,396 6,089 10,906 5,423 8,317 21,491 2,306 — 67,928 
Special Mention— 1,430 — — — 33 — — 1,463 
Substandard— — — — 1,127 3,318 — — 4,445 
Total Rental - Large Loan13,396 7,519 10,906 5,423 9,444 24,842 2,306 — 73,836 
Home equityPass131 — 90 46 266 1,434 78,799 — 80,766 
Special Mention— — — 40 — 162 1,426 — 1,628 
Substandard— — — — — 355 242 — 597 
Total Home Equity131 — 90 86 266 1,951 80,467 — 82,991 
September 30, 2020
Dollars in thousandsRisk Rating20202019201820172016PriorRevolvi-
ng		Revolving- TermTotal
Total Residential 1-4 Family Real
Estate		57,046 52,438 49,721 37,201 43,674 197,250 87,506 — 524,836 
Mortgage warehouse linesPass— — — — — — 243,730 — 243,730 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total Mortgage Warehouse Lines— — — — — — 243,730 — 243,730 
ConsumerPass10,441 10,748 5,139 1,977 1,432 1,679 862 — 32,278 
Special Mention789 549 270 170 81 62 17 — 1,938 
Substandard178 132 22 15 59 5 28 — 439 
Total Consumer11,408 11,429 5,431 2,162 1,572 1,746 907 — 34,655 
Other
Credit cardsPass1,637 — — — — — — — 1,637 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total Credit Cards1,637 — — — — — — — 1,637 
OverdraftsPass614 — — — — — — — 614 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total Overdrafts614 — — — — — — — 614 
Total Other2,251 — — — — — — — 2,251 
Total$380,372 $397,225 $236,948 $166,430 $150,193 $485,021 $435,615 $— $2,251,804 
Financing Receivable, Troubled Debt Restructuring [Table Text Block] The following table presents by class the TDRs that were restructured during the three and nine months ended September 30, 2020 and September 30, 2019. Generally, the modifications were extensions of term, modifying the payment terms from principal and interest to interest only for an extended period, or reduction in interest rate.  TDRs are evaluated individually for allowance for credit loss purposes if the loan balance exceeds $500,000, otherwise, smaller balance TDR loans are included in the pools to determine ACLL.
For the Three Months Ended 
 September 30, 2020		For the Three Months Ended 
 September 30, 2019
Dollars in thousandsNumber of
Modifications		Pre-
modification
Recorded
Investment		Post-
modification
Recorded
Investment		Number of
Modifications		Pre-
modification
Recorded
Investment		Post-
modification
Recorded
Investment
Residential 1-4 family real estate
  Personal residence1 $48 $48 — — — 
  Rental - small loan1 399 399 — — — 
Total2 $447 $447 — $— $— 


For the Nine Months Ended 
 September 30, 2020		For the Nine Months Ended 
 September 30, 2019
Dollars in thousandsNumber of
Modifications		Pre-modification
Recorded
Investment		Post-modification
Recorded
Investment		Number of
Modifications		Pre-modification
Recorded
Investment		Post-modification
Recorded
Investment
Commercial real estate - owner occupied
  Other
1 $361 $361 1 $325 $325 
Commercial real estate - non-owner occupied
  Multifamily
— — — 1 35 35 
  Retail
— — — 2 162 162 
  Other
— — — 1 127 127 
Residential 1-4 family real estate
  Personal residence
1 48 48 3 151 151 
  Rental - small loan
1 399 399 4 259 259 
Consumer— — — 1 16 16 
Total3 $808 $808 13 $1,075 $1,075 
Schedule of Defaults During Stated Period of Trouble Debt Restructurings
The following tables present defaults during the stated period of TDRs that were restructured during the prior 12 months. For purposes of these tables, a default is considered as either the loan was past due 30 days or more at any time during the period, or the loan was fully or partially charged off during the period.
For the Three Months Ended 
 September 30, 2020		For the Three Months Ended 
 September 30, 2019
Dollars in thousandsNumber
of
Defaults		Recorded
Investment
at Default Date		Number
of
Defaults		Recorded
Investment
at Default Date
Commercial real estate - owner occupied
  Other1 $361 — $— 
Commercial real estate - non-owner occupied
  Other— — 1 126 
Residential 1-4 family real estate
   Personal residence1 49 2 122 
   Rental - small loan— — 1 52 
Total2$410 4 $300 
For the Nine Months Ended 
 September 30, 2020		For the Nine Months Ended 
 September 30, 2019
Dollars in thousandsNumber
of
Defaults		Recorded
Investment
at Default Date		Number
of
Defaults		Recorded
Investment
at Default Date
Commercial real estate - owner occupied
Other1 $361 — $— 
Commercial real estate - non-owner occupied
Other— — 1 126 
Residential 1-4 family real estate
Personal residence1 49 2 122 
Rental - small loan— — 1 52 
Total2 $410 4 $300 
Purchased Credit Deteriorated Financing Receivables [Table Text Block]
On January 1, 2020, we purchased loans, for which there was, at the time of acquisition, more than significant deterioration of credit quality since origination (PCD loans). The carrying amount of these loans at acquisition is as follows:
Dollars in thousandsJanuary 1, 2020
Purchase price of PCD loans at acquisition$1,877 
Allowance for credit losses - loans at acquisition
410 
Non-credit discount at acquisition159 
Par value of PCD loans at acquisition1,308 
v3.20.2
Goodwill And Other Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following tables present our goodwill activity for the quarter ending September 30, 2020 and the balance of other intangible assets at September 30, 2020 and December 31, 2019.
 
Dollars in thousandsGoodwill Activity
Balance, January 1, 2020$12,658 
Reclassifications to goodwill— 
Acquired goodwill25,487 
Balance, September 30, 2020$38,145 
Summary of Other Intangible Assets
 Other Intangible Assets
Dollars in thousandsSeptember 30, 2020December 31, 2019
Identifiable intangible assets  
Gross carrying amount$15,569 $14,727 
Less: accumulated amortization
(5,613)(4,363)
Net carrying amount$9,956 $10,364 
Finite-lived Intangible Assets Amortization Expense Amortization relative to our identifiable intangible assets is expected to approximate the following during the next five years and thereafter:
Core Deposit
Dollars in thousandsIntangible
Three month period ending December 31, 2020$408 
Year ending December 31, 20211,532 
Year ending December 31, 20221,396 
Year ending December 31, 20231,260 
Year ending December 31, 20241,124 
Thereafter4,165 
v3.20.2
Borrowed Funds (Tables)
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
Short-term borrowings:    A summary of short-term borrowings is presented below:
 Nine Months Ended September 30,
 20202019
Dollars in thousandsShort-term
FHLB
Advances		Federal Funds
Purchased
and Lines
of Credit		Short-term
FHLB
Advances		Federal Funds
Purchased
and Lines
of Credit
Balance at September 30$140,000 $145 $206,550 $144 
Average balance outstanding for the period126,964 145 196,058 564 
Maximum balance outstanding at any month end during period
215,700 145 225,200 144 
Weighted average interest rate for the period0.79 %0.64 %2.63 %2.48 %
Weighted average interest rate for balances    
     outstanding at September 300.36 %0.25 %2.15 %2.00 %
Year Ended December 31, 2019
Dollars in thousandsShort-term
FHLB
Advances		Federal Funds
Purchased
and Lines
of Credit
Balance at December 31$199,200 145 
Average balance outstanding for the period193,992 458 
Maximum balance outstanding at any month end
during period		237,400 145 
Weighted average interest rate for the period2.48 %2.43 %
Weighted average interest rate for balances
     outstanding at December 311.83 %1.75 %
Schedule of Maturities of Long-term Debt
A summary of the maturities of all long-term borrowings and subordinated debentures for the next five years and thereafter is as follows:
Dollars in thousands Long-term
borrowings		Subordinated debenturesSubordinated
debentures owed
to unconsolidated
subsidiary trusts
Year Ending December 31,2020$5 $— $— 
 202120 — — 
 202221 — — 
 202322 — — 
 202422 — — 
 Thereafter613 29,336 19,589 
  $703 $29,336 $19,589 
v3.20.2
Share Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Share-based Payment Arrangement, Option, Activity
A summary of our SAR and stock option activity the first nine months of 2020 and 2019 is as follows:
 For the Nine Months Ended September 30,
 2020
Options/SARs
Aggregate
Intrinsic
Value (in thousands)
Remaining
Contractual
Term (Yrs.)		Weighted-Average
Exercise Price
Outstanding, January 1330,703 $20.44 
Granted— — 
Exercised— — 
Forfeited— — 
Expired— — 
Outstanding, September 30330,703 $349 6.58$20.44 
Exercisable, September 30179,375 $349 5.52$17.03 


 For the Nine Months Ended September 30,
 2019
Options/SARs
Aggregate
Intrinsic
Value (in thousands)
Remaining
Contractual
Term (Yrs.)		Weighted-Average
Exercise Price
Outstanding, January 1232,091 $17.36 
Granted138,125 23.94 
Exercised(31,413)11.83 
Forfeited— — 
Expired— — 
Outstanding, September 30338,803 $1,745 7.41$20.56 
Exercisable, September 30112,989 $1,063 5.59$16.32 
Share-based Payment Arrangement, Restricted Stock Unit, Activity A summary of our RSU activity and related information is as follows.
Dollars in thousands, except per share amountsRSUsWeighted Average Grant Date Fair Value
Nonvested, December 31, 20192,892 25.93 
Granted12,841 18.19 
Forfeited— — 
Vested(651)25.60 
Nonvested, September 30, 202015,082 20.45 
v3.20.2
Commitments And Contingencies (Tables)
 9 Months Ended
Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]  
Summary of the Total Unfunded, or Off-Balance Sheet, Credit Extension Commitments
A summary of the total unfunded, or off-balance sheet, credit extension commitments follows:
Dollars in thousandsSeptember 30,
2020
Commitments to extend credit: 
Revolving home equity and credit card lines$88,214 
Construction loans110,896 
Other loans320,318 
Standby letters of credit11,200 
Total$530,628 
v3.20.2
Regulatory Matters (Tables)
 9 Months Ended
Sep. 30, 2020
Banking Regulation, Total Capital [Abstract]  
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations
The following tables present Summit's, as well as Summit Community's, actual and required minimum regulatory capital amounts and ratios as of September 30, 2020 and December 31, 2019. Capital levels required to be considered well capitalized are based upon prompt corrective action regulations, as amended.
 
 Actual
Minimum Required Capital - Basel IIIMinimum Required To Be Well Capitalized
Dollars in thousandsAmountRatioAmountRatioAmountRatio
As of September 30, 2020      
CET1 (to risk weighted assets)
Summit$231,568 9.9 %N/AN/AN/AN/A
Summit Community276,361 11.8 %163,943 7.0 %152,233 6.5 %
Tier I Capital (to risk weighted assets)     
Summit250,568 10.7 %N/AN/AN/AN/A
Summit Community276,361 11.8 %199,074 8.5 %187,363 8.0 %
Total Capital (to risk weighted assets)     
Summit301,774 12.9 %N/AN/AN/AN/A
Summit Community297,567 12.7 %246,020 10.5 %234,305 10.0 %
Tier I Capital (to average assets)      
Summit250,568 8.7 %N/AN/AN/AN/A
Summit Community276,361 9.6 %115,150 4.0 %143,938 5.0 %
 
 Actual
Minimum Required Capital - Basel III Fully Phased-inMinimum Required To Be Well Capitalized
Dollars in thousandsAmountRatioAmountRatioAmountRatio
As of December 31, 2019    
CET1 (to risk weighted assets)
Summit224,679 11.1 %N/AN/AN/AN/A
Summit Community244,045 12.1 %141,183 7.0 %131,099 6.5 %
Tier I Capital (to risk weighted assets)     
Summit243,679 12.1 %N/AN/AN/AN/A
Summit Community244,045 12.1 %171,437 8.5 %161,352 8.0 %
Total Capital (to risk weighted assets)     
Summit256,753 12.7 %N/AN/AN/AN/A
Summit Community257,119 12.7 %212,579 10.5 %202,456 10.0 %
Tier I Capital (to average assets)      
Summit243,679 10.5 %N/AN/AN/AN/A
Summit Community244,045 10.6 %92,092 4.0 %115,116 5.0 %
v3.20.2
Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Derivatives A summary of our derivative financial instruments as of September 30, 2020 and December 31, 2019 follows:
 September 30, 2020
 Notional
Amount		Derivative Fair ValueNet Ineffective
Dollars in thousandsAssetLiabilityHedge Gains/(Losses)
CASH FLOW HEDGES    
Pay-fixed/receive-variable interest rate swaps   
Short term borrowings$80,000 $— $1,652 $— 
Interest rate cap
Short term borrowings$100,000 $4,611 $— $— 
FAIR VALUE HEDGES
Pay-fixed/receive-variable interest rate swaps
Commercial real estate loans$18,349 $— $1,415 $— 
 December 31, 2019
 Notional
Amount		Derivative Fair ValueNet Ineffective
Dollars in thousandsAssetLiabilityHedge Gains/(Losses)
CASH FLOW HEDGES    
Pay-fixed/receive-variable interest rate swaps   
Short term borrowings$70,000 $— $679 $— 
FAIR VALUE HEDGES
Pay-fixed/receive-variable interest rate swaps
Commercial real estate loans$18,809 $— $309 $— 
v3.20.2
Acquisitions Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2020
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] The following table details the total consideration paid on January 1, 2020 in connection with the acquisition of Cornerstone, the fair values of the assets acquired and liabilities assumed and the resulting preliminary goodwill.
(Dollars in thousands)As Recorded by CornerstoneEstimated Fair Value AdjustmentsEstimated Fair Values as Recorded by Summit
Cash consideration$14,250 
Stock consideration15,441 
Total consideration29,691 
Identifiable assets acquired:
Cash and cash equivalents$60,284 $— $60,284 
Securities available for sale, at fair value90,075 (47)90,028 
Loans
Purchased performing
37,965 188 38,153 
Purchased credit deteriorated
1,877 (569)1,308 
Allowance for loan losses(312)312 — 
Premises and equipment806 (142)664 
Property held for sale10 — 10 
Core deposit intangibles— 717 717 
Other assets4,324 (74)4,250 
Total identifiable assets acquired
$195,029 $385 $195,414 
Identifiable liabilities assumed:
Deposits173,027 239 173,266 
Other liabilities3,286 (7)3,279 
Total identifiable liabilities assumed
$176,313 $232 $176,545 
Net identifiable assets acquired$18,716 $153 $18,869 
Preliminary goodwill resulting from acquisition$10,822 


MVB Bank Branches Acquisition

On April 24, 2020, SCB expanded its presence in the Eastern Panhandle of West Virginia by acquiring three MVB Bank locations in Berkeley County, West Virginia and one MVB Bank location in Jefferson County, West Virginia. Summit assumed certain deposits and loans totaling approximately $195.0 million and $35.3 million, respectively. The purchase price was $50.3 million consisting of (i) the average daily closing balance of the deposits for the thirty (30) day period prior to the closing multiplied by 8.00%, (ii) the aggregate amount of cash on hand as of the closing date, (iii) the aggregate net book value of all assets being assumed (excluding cash on hand, real property and accrued interest with respect to the loans acquired), (iv) the appraised value of the real property acquired, and (v) accrued interest with respect to the loans acquired.

This acquisition was determined to constitute a business combination in accordance with ASC 805, Business Combinations,and accordingly we accounted for the acquisition using the acquisition method of accounting, recording the assets and liabilities of MVB Bank at their acquisition date respective fair values. Determining the fair value of assets and liabilities, particularly related to the loan portfolio, is a complicated process involving significant judgment regarding methods and assumptions used to calculate the estimated fair values. The fair values are preliminary and subject to refinement for up to one year after the acquisition date as additional information relative to the acquisition date fair values becomes available. We recognized preliminary goodwill of $14.67 million in connection with the acquisition (deductible for income tax purposes), which is not amortized for financial reporting purposes, but is subject to annual impairment testing. The core deposit intangible represents the value of long-term deposit relationships acquired in this transaction and will be amortized over an estimated weighted average life of 10 years using an accelerated method which approximates the estimated run-off of the acquired deposits. The following table details the total consideration paid on April 24, 2020 in connection with the acquisition of the MVB Bank branches, the fair values of the assets acquired and liabilities assumed and the resulting preliminary goodwill.
(Dollars in thousands)As Recorded by MVBEstimated Fair Value AdjustmentsEstimated Fair Values as Recorded by Summit
Cash consideration$12,965 
Total consideration12,965 
Identifiable assets acquired:
Cash and cash equivalents$800 $— $800 
Loans
Purchased performing
35,127 (1,185)33,942 
Premises and equipment2,376 (42)2,334 
Core deposit intangibles— 125 125 
Other assets114 — 114 
Total identifiable assets acquired
$38,417 $(1,102)$37,315 
Identifiable liabilities assumed:
Deposits188,134 598 188,732 
Other liabilities102 — 102 
Total identifiable liabilities assumed
$188,236 $598 $188,834 
Net liabilities assumed$(149,819)$(1,700)$(151,519)
Net cash received from MVB136,854 
Preliminary goodwill resulting from acquisition$14,665 
Financial Effects of Purchase Accounting Adjustments [Table Text Block]
The following presents the financial effects of adjustments recognized in the statements of income for the three and nine months ended September 30, 2020 and 2019 related to business combinations that occurred during 2016, 2017, 2019 and 2020.
Income increase (decrease)
Three Months Ended September 30,Nine Months Ended September 30,
Dollars in thousands2020201920202019
Interest and fees on loans$161 $137 $680 $604 
Interest expense on deposits175 77 461 247 
Amortization of intangibles(412)(404)(1,251)(1,234)
Income before income tax expense$(76)$(190)$(110)$(383)
v3.20.2
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The following is changes in accumulated other comprehensive income by component, net of tax, for the three and nine months ending September 30, 2020 and 2019.
For the Three Months Ended September 30, 2020
Dollars in thousandsGains and Losses on Pension PlanGains and Losses on Other Post-Retirement BenefitsGains and Losses on Cash Flow HedgesUnrealized Gains (Losses) on Available-for-Sale SecuritiesTotal
Beginning balance$(140)$48 $(2,417)$5,831 $3,322 
Other comprehensive income before reclassification— — 422 1,603 2,025 
Amounts reclassified from accumulated other comprehensive income
— — — (1,157)(1,157)
Net current period other comprehensive income— — 422 446 868 
Ending balance$(140)$48 $(1,995)$6,277 $4,190 
For the Three Months Ended September 30, 2019
Dollars in thousandsGains and Losses on Pension PlanGains and Losses on Other Post-Retirement BenefitsGains and Losses on Cash Flow HedgesUnrealized Gains (Losses) on Available-for-Sale SecuritiesTotal
Beginning balance$(328)$139 $(737)$3,147 $2,221 
Other comprehensive income income before reclassification— — 53 1,916 1,969 
Amounts reclassified from accumulated other comprehensive income
— — — (344)(344)
Net current period other comprehensive income— — 53 1,572 1,625 
Ending balance$(328)$139 $(684)$4,719 $3,846 
For the Nine Months Ended September 30, 2020
Dollars in thousandsGains and Losses on Pension PlanGains and Losses on Other Post-Retirement BenefitsGains and Losses on Cash Flow HedgesUnrealized Gains (Losses) on Available-for-Sale SecuritiesTotal
Beginning balance$(140)$48 $(518)$3,145 $2,535 
Other comprehensive income (loss) before reclassification
— — (1,477)5,078 3,601 
Amounts reclassified from accumulated other comprehensive income
— — — (1,946)(1,946)
Net current period other comprehensive income (loss)— — (1,477)3,132 1,655 
Ending balance$(140)$48 $(1,995)$6,277 $4,190 
For the Nine Months Ended September 30, 2019
Dollars in thousandsGains and Losses on Pension PlanGains and Losses on Other Post-Retirement BenefitsGains and Losses on Cash Flow HedgesUnrealized Gains (Losses) on Available-for-Sale SecuritiesTotal
Beginning balance$— $139 $(314)$(841)$(1,016)
Other comprehensive income (loss) before reclassification
(328)— (370)6,727 6,029 
Amounts reclassified from accumulated other comprehensive income
— — — (1,167)(1,167)
Net current period other comprehensive income (loss)
(328)— (370)5,560 4,862 
Ending balance$(328)$139 $(684)$4,719 $3,846 
v3.20.2
Income Taxes Income Taxes (Tables)
 9 Months Ended
Sep. 30, 2020
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] A reconciliation between the statutory income tax rate and our effective income tax rate for the three and nine months ended September 30, 2020 and 2019 is as follows:
For the Three Months Ended September 30,For the Nine Months Ended September 30,
 2020201920202019
Dollars in thousandsPercentPercentPercentPercent
Applicable statutory rate21.0 %21.0 %21.0 %21.0 %
Increase (decrease) in rate resulting from:
 
Tax-exempt interest and dividends, net
(1.9)%(1.6)%(2.2)%(2.0)%
State income taxes, net of Federal income tax benefit
1.9 %1.9 %1.6 %1.8 %
Low-income housing and rehabilitation tax credits(0.1)%(0.5)%(0.6)%(0.6)%
Other, net0.3 %(2.4)%0.3 %(2.0)%
Effective income tax rate21.2 %18.4 %20.1 %18.2 %
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
The components of applicable income tax expense for the three and nine months ended September 30, 2020 and 2019 are as follows:
For the Three Months Ended September 30,For the Nine Months Ended September 30,
Dollars in thousands2020201920202019
Current  
Federal$2,697 $1,666 $7,689 $4,913 
State372 246 1,072 716 
 3,069 1,912 8,761 5,629 
Deferred   
Federal(416)(88)(3,025)(294)
State(59)(12)(434)(42)
 (475)(100)(3,459)(336)
Total$2,594 $1,812 $5,302 $5,293 
v3.20.2
Revenue Recognition Revenue from Contracts with Customers (Tables)
 9 Months Ended
Sep. 30, 2020
Revenue from Contracts with Customers [Abstract]  
Revenue from Contracts with Customers [Table Text Block]
The following table illustrates our total non-interest income segregated by revenues within the scope of ASC Topic 606 and those which are within the scope of other ASC Topics: 
Three Months Ended September 30,Nine Months Ended September 30,
Dollars in thousands2020201920202019
Service fees on deposit accounts$1,138 $1,312 $3,283 $3,716 
Bank card revenue1,237 924 3,257 2,631 
Trust and wealth management fees622 632 1,870 1,830 
Insurance commissions44 40 75 1,821 
Other69 66 292 224 
Net revenue from contracts with customers 3,110 2,974 8,777 10,222 
Non-interest income within the scope of other ASC topics3,097 785 5,530 4,577 
Total noninterest income$6,207 $3,759 $14,307 $14,799 
v3.20.2
Significant New Authoritative Accounting Guidance Significant New Authoritative Accounting Guidance (Narrative) (Details)
$ in Thousands
Jan. 01, 2020
USD ($)
Accounting Standards Update and Change in Accounting Principle [Abstract]  
Retained Earnings Adjustment Due to Adoption of ASU 2016-13 $ 6,760
Adjustment to Allowance for Loan Credit Losses Due to Adoption of ASU 2016-13 6,930
Adjustment to Allowance for Off Balance Sheet Credit Exposures Due to Adoption of ASU 2016-13 2,430
Adjustment to Deferred Taxes Due to Adoption of ASU 2016-13 2,130
Loans Identified at Purchased Credit Deteriorated $ 9,400
v3.20.2
Fair Value Measurements (Assets And Liabilities Recorded At Fair Value On A Recurring Basis) (Details) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale $ 297,989 $ 276,355 [1]
U S Government Corporations And Agencies Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 36,766 20,864
Government Sponsored Agencies [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 62,351 70,975
Nongovernment Sponsored Agencies [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 15,190 10,229
Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 25,956 18,200
Asset-backed Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 46,035 33,014
Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 297,989 276,355
Fair Value, Recurring [Member] | U S Government Corporations And Agencies Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 36,766 20,864
Fair Value, Recurring [Member] | Government Sponsored Agencies [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 62,351 70,975
Fair Value, Recurring [Member] | Nongovernment Sponsored Agencies [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 15,190 10,229
Fair Value, Recurring [Member] | U S States And Political Subdivisions General Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 52,300 49,973
Fair Value, Recurring [Member] | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 25,956 18,200
Fair Value, Recurring [Member] | Asset-backed Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 46,035 33,014
Fair Value, Recurring [Member] | Tax Exempt Debt Securities Us States And Political Subdivisions [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 59,391 73,100
Fair Value, Recurring [Member] | Interest Rate Cap [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Fair Value, Asset 4,611  
Fair Value, Recurring [Member] | Interest rate swap [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Fair Value, Liability 3,067 988
Fair Value, Recurring [Member] | Fair Value Inputs Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 0 0
Fair Value, Recurring [Member] | Fair Value Inputs Level 1 [Member] | U S Government Corporations And Agencies Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 0 0
Fair Value, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Government Sponsored Agencies [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 0 0
Fair Value, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Nongovernment Sponsored Agencies [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 0 0
Fair Value, Recurring [Member] | Fair Value Inputs Level 1 [Member] | U S States And Political Subdivisions General Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 0 0
Fair Value, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 0 0
Fair Value, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Asset-backed Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 0 0
Fair Value, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Tax Exempt Debt Securities Us States And Political Subdivisions [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 0 0
Fair Value, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Interest Rate Cap [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Fair Value, Asset 0  
Fair Value, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Interest rate swap [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Fair Value, Liability 0 0
Fair Value, Recurring [Member] | Fair Value Inputs Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 297,989 276,355
Fair Value, Recurring [Member] | Fair Value Inputs Level 2 [Member] | U S Government Corporations And Agencies Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 36,766 20,864
Fair Value, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Government Sponsored Agencies [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 62,351 70,975
Fair Value, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Nongovernment Sponsored Agencies [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 15,190 10,229
Fair Value, Recurring [Member] | Fair Value Inputs Level 2 [Member] | U S States And Political Subdivisions General Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 52,300 49,973
Fair Value, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 25,956 18,200
Fair Value, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Asset-backed Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 46,035 33,014
Fair Value, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Tax Exempt Debt Securities Us States And Political Subdivisions [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 59,391 73,100
Fair Value, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Interest Rate Cap [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Fair Value, Asset 4,611  
Fair Value, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Interest rate swap [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Fair Value, Liability 3,067 988
Fair Value, Recurring [Member] | Fair Value Inputs Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 0 0
Fair Value, Recurring [Member] | Fair Value Inputs Level 3 [Member] | U S Government Corporations And Agencies Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 0 0
Fair Value, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Government Sponsored Agencies [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 0 0
Fair Value, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Nongovernment Sponsored Agencies [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 0 0
Fair Value, Recurring [Member] | Fair Value Inputs Level 3 [Member] | U S States And Political Subdivisions General Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 0 0
Fair Value, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 0 0
Fair Value, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Asset-backed Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 0 0
Fair Value, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Tax Exempt Debt Securities Us States And Political Subdivisions [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities available for sale 0 0
Fair Value, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Interest Rate Cap [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Fair Value, Asset 0  
Fair Value, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Interest rate swap [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Fair Value, Liability $ 0 $ 0
[1] Derived from audited consolidated financial statements
v3.20.2
Fair Value Measurements (Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis) (Details) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Residential mortgage loans held for sale $ 2,538 $ 1,319
Collateral-dependent impaired loans 8,407 7,811
Foreclosed properties 15,674 14,191
Commercial [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Collateral-dependent impaired loans 8 4,831
Commercial Real Estate Portfolio Segment [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Collateral-dependent impaired loans 7,954 1,863
Foreclosed properties 1,125 1,304
Construction And Development Financial Receivable [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Collateral-dependent impaired loans 355 425
Foreclosed properties 14,049 12,182
Residential Real Estate Financial Receivable [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Collateral-dependent impaired loans 90 692
Foreclosed properties 500 705
Fair Value Inputs Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Residential mortgage loans held for sale 0 0
Collateral-dependent impaired loans 0 0
Foreclosed properties 0 0
Fair Value Inputs Level 1 [Member] | Commercial [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Collateral-dependent impaired loans 0 0
Fair Value Inputs Level 1 [Member] | Commercial Real Estate Portfolio Segment [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Collateral-dependent impaired loans 0 0
Foreclosed properties 0 0
Fair Value Inputs Level 1 [Member] | Construction And Development Financial Receivable [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Collateral-dependent impaired loans 0 0
Foreclosed properties 0 0
Fair Value Inputs Level 1 [Member] | Residential Real Estate Financial Receivable [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Collateral-dependent impaired loans 0 0
Foreclosed properties 0 0
Fair Value Inputs Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Residential mortgage loans held for sale 2,538 1,319
Collateral-dependent impaired loans 8,407 7,685
Foreclosed properties 15,053 14,191
Fair Value Inputs Level 2 [Member] | Commercial [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Collateral-dependent impaired loans 8 4,831
Fair Value Inputs Level 2 [Member] | Commercial Real Estate Portfolio Segment [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Collateral-dependent impaired loans 7,954 1,863
Foreclosed properties 1,125 1,304
Fair Value Inputs Level 2 [Member] | Construction And Development Financial Receivable [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Collateral-dependent impaired loans 355 425
Foreclosed properties 13,428 12,182
Fair Value Inputs Level 2 [Member] | Residential Real Estate Financial Receivable [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Collateral-dependent impaired loans 90 566
Foreclosed properties 500 705
Fair Value Inputs Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Residential mortgage loans held for sale 0 0
Collateral-dependent impaired loans 0 126
Foreclosed properties 621 0
Fair Value Inputs Level 3 [Member] | Commercial [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Collateral-dependent impaired loans 0 0
Fair Value Inputs Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Collateral-dependent impaired loans 0 0
Foreclosed properties 0 0
Fair Value Inputs Level 3 [Member] | Construction And Development Financial Receivable [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Collateral-dependent impaired loans 0 0
Foreclosed properties 621 0
Fair Value Inputs Level 3 [Member] | Residential Real Estate Financial Receivable [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Collateral-dependent impaired loans 0 126
Foreclosed properties $ 0 $ 0
v3.20.2
Fair Value Measurements (Carrying Values And Estimated Fair Values Of Financial Instruments) (Details) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-sale $ 297,989 $ 276,355 [1]
Debt Securities, Held-to-maturity 91,600 0
Loans held for sale, net 2,538 1,319
Cash surrender value of life insurance policies and annuities 57,029 43,603 [1]
Carrying Value [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and cash equivalents 108,986 61,888
Debt Securities, Available-for-sale 297,989 276,355
Debt Securities, Held-to-maturity 91,600  
Other investments 10,766 12,972
Loans held for sale, net 2,538 1,319
Loans, net 2,222,450 1,900,425
Accrued interest receivable 10,978 8,439
Derivative Asset 4,611  
Cash surrender value of life insurance policies and annuities 57,029 43,603
Total assets 2,806,947 2,305,001
Deposits 2,451,891 1,913,237
Short-term borrowings 140,145 199,345
Long-term borrowings 703 717
Subordinated Debt Obligations, Fair Value Disclosure 29,336  
Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589
Accrued interest payable 898 1,234
Derivative financial liabilities 3,067 988
Total liabilities 2,645,629 2,135,110
Estimated Fair Value [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and cash equivalents 108,986 61,888
Debt Securities, Available-for-sale 297,989 276,355
Debt Securities, Held-to-maturity 92,786  
Other investments 10,766 12,972
Loans held for sale, net 2,538 1,319
Loans, net 2,228,148 1,901,020
Accrued interest receivable 10,978 8,439
Derivative Asset 4,611  
Cash surrender value of life insurance policies and annuities 57,029 43,603
Total assets 2,813,831 2,305,596
Deposits 2,456,247 1,918,610
Short-term borrowings 140,145 199,345
Long-term borrowings 882 854
Subordinated Debt Obligations, Fair Value Disclosure 29,336  
Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589
Accrued interest payable 898 1,234
Derivative financial liabilities 3,067 988
Total liabilities 2,650,164 2,140,620
Fair Value Inputs Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans held for sale, net 0 0
Fair Value Inputs Level 1 [Member] | Estimated Fair Value [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and cash equivalents 0 0
Debt Securities, Available-for-sale 0 0
Debt Securities, Held-to-maturity 0  
Other investments 0 0
Loans held for sale, net 0 0
Loans, net 0 0
Accrued interest receivable 0 0
Derivative Asset 0  
Cash surrender value of life insurance policies and annuities 0 0
Total assets 0 0
Deposits 0 0
Short-term borrowings 0 0
Long-term borrowings 0 0
Subordinated Debt Obligations, Fair Value Disclosure 0  
Subordinated debentures owed to unconsolidated subsidiary trusts 0 0
Accrued interest payable 0 0
Derivative financial liabilities 0 0
Total liabilities 0 0
Fair Value Inputs Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans held for sale, net 2,538 1,319
Fair Value Inputs Level 2 [Member] | Estimated Fair Value [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and cash equivalents 108,986 61,888
Debt Securities, Available-for-sale 297,989 276,355
Debt Securities, Held-to-maturity 92,786  
Other investments 10,766 12,972
Loans held for sale, net 2,538 1,319
Loans, net 8,407 7,685
Accrued interest receivable 10,978 8,439
Derivative Asset 4,611  
Cash surrender value of life insurance policies and annuities 57,029 43,603
Total assets 594,090 412,261
Deposits 2,456,247 1,918,610
Short-term borrowings 140,145 199,345
Long-term borrowings 882 854
Subordinated Debt Obligations, Fair Value Disclosure 29,336  
Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589
Accrued interest payable 898 1,234
Derivative financial liabilities 3,067 988
Total liabilities 2,650,164 2,140,620
Fair Value Inputs Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans held for sale, net 0 0
Fair Value Inputs Level 3 [Member] | Estimated Fair Value [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and cash equivalents 0 0
Debt Securities, Available-for-sale 0 0
Debt Securities, Held-to-maturity 0  
Other investments 0 0
Loans held for sale, net 0 0
Loans, net 2,219,741 1,893,335
Accrued interest receivable 0 0
Derivative Asset 0  
Cash surrender value of life insurance policies and annuities 0 0
Total assets 2,219,741 1,893,335
Deposits 0 0
Short-term borrowings 0 0
Long-term borrowings 0 0
Subordinated Debt Obligations, Fair Value Disclosure 0  
Subordinated debentures owed to unconsolidated subsidiary trusts 0 0
Accrued interest payable 0 0
Derivative financial liabilities 0 0
Total liabilities $ 0 $ 0
[1] Derived from audited consolidated financial statements
v3.20.2
Earnings Per Share (Computations Of Basic And Diluted Earnings Per Share) (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Earnings Per Share [Line Items]        
Anti-dilutive stock options 300     7,700
Net income $ 9,620 $ 8,061 $ 21,075 $ 23,718
Net Income (Loss) Available to Common Stockholders, Basic $ 9,620 $ 8,061 $ 21,075 $ 23,718
Basic EPS, Common Shares (Denominator) (in shares) 12,922,158 12,412,982 12,934,401 12,555,411
Basic EPS (in dollars per share) $ 0.74 $ 0.65 $ 1.63 $ 1.89
Diluted EPS, Stock options, Common Shares (Denominator) (in shares) 4,182 4,654 4,308 5,006
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements 23,244 50,142 33,082 53,965
Diluted EPS, Income (Numerator) $ 9,620 $ 8,061 $ 21,075 $ 23,718
Diluted EPS, Common Shares (Denominator) (in shares) 12,949,584 12,467,778 12,971,913 12,614,382
Diluted EPS (in dollars per share) $ 0.74 $ 0.65 $ 1.62 $ 1.88
Restricted Stock Units (RSUs) [Member]        
Earnings Per Share [Line Items]        
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements 0 0 0 0
v3.20.2
Earnings Per Share (Narrative) (Details) - shares
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2020
Sep. 30, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Anti-dilutive stock options 300   7,700
Stock Appreciation Rights (SARs) [Member]      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Anti-dilutive stock options   222,740 84,615
Restricted Stock Units (RSUs) [Member]      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Anti-dilutive stock options   15,082 13,780
v3.20.2
Securities (Summary Of Amortized Cost, Unrealized Gains, Unrealized Losses And Estimated Fair Values) (Details) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Marketable Securities [Line Items]    
Document Period End Date Sep. 30, 2020  
Total Amortized Cost $ 289,727 $ 272,215
Available for sale securities, Unrealized Gains 11,158 6,455
Available for sale securities, Unrealized Losses 2,896 2,315
Debt Securities, Available-for-sale 297,989 276,355 [1]
U S Government Corporations And Agencies Securities [Member]    
Marketable Securities [Line Items]    
Total Amortized Cost 36,818 21,036
Available for sale securities, Unrealized Gains 366 212
Available for sale securities, Unrealized Losses 418 384
Debt Securities, Available-for-sale 36,766 20,864
Government Sponsored Agencies [Member]    
Marketable Securities [Line Items]    
Total Amortized Cost 60,678 70,379
Available for sale securities, Unrealized Gains 2,072 1,031
Available for sale securities, Unrealized Losses 399 435
Debt Securities, Available-for-sale 62,351 70,975
Nongovernment Sponsored Agencies [Member]    
Marketable Securities [Line Items]    
Total Amortized Cost 15,255 10,253
Available for sale securities, Unrealized Gains 187 17
Available for sale securities, Unrealized Losses 252 41
Debt Securities, Available-for-sale 15,190 10,229
State and Political Subdivisions General Obligations [Member]    
Marketable Securities [Line Items]    
Total Amortized Cost 12,756 12,603
Available for sale securities, Unrealized Gains 749 25
Available for sale securities, Unrealized Losses 0 171
Debt Securities, Available-for-sale 13,505 12,457
State and Policital Subdivisions Water and Sewer Revenues [Member]    
Marketable Securities [Line Items]    
Total Amortized Cost 9,602 7,170
Available for sale securities, Unrealized Gains 667 71
Available for sale securities, Unrealized Losses 0 114
Debt Securities, Available-for-sale 10,269 7,127
State and Political Subdivisions Lease Revenues [Member]    
Marketable Securities [Line Items]    
Total Amortized Cost 5,837 5,310
Available for sale securities, Unrealized Gains 344 25
Available for sale securities, Unrealized Losses 3 77
Debt Securities, Available-for-sale 6,178 5,258
State and Political Subdivisions Income Tax Revenues [Member]    
Marketable Securities [Line Items]    
Total Amortized Cost 5,055  
Available for sale securities, Unrealized Gains 435  
Available for sale securities, Unrealized Losses 0  
Debt Securities, Available-for-sale 5,490  
State and Political Subdivisions University Revenues [Member]    
Marketable Securities [Line Items]    
Total Amortized Cost   5,917
Available for sale securities, Unrealized Gains   164
Available for sale securities, Unrealized Losses   16
Debt Securities, Available-for-sale   6,065
State and Policital Subdivisions Other Revenues [Member]    
Marketable Securities [Line Items]    
Total Amortized Cost 15,550 18,831
Available for sale securities, Unrealized Gains 1,309 344
Available for sale securities, Unrealized Losses 1 109
Debt Securities, Available-for-sale 16,858 19,066
Corporate Debt Securities [Member]    
Marketable Securities [Line Items]    
Total Amortized Cost 26,438 18,268
Available for sale securities, Unrealized Gains 42 81
Available for sale securities, Unrealized Losses 524 149
Debt Securities, Available-for-sale 25,956 18,200
Asset-backed Securities [Member]    
Marketable Securities [Line Items]    
Total Amortized Cost 47,291 33,826
Available for sale securities, Unrealized Gains 14 0
Available for sale securities, Unrealized Losses 1,270 812
Debt Securities, Available-for-sale 46,035 33,014
Taxable Debt Securities [Member]    
Marketable Securities [Line Items]    
Total Amortized Cost 235,280 203,593
Available for sale securities, Unrealized Gains 6,185 1,970
Available for sale securities, Unrealized Losses 2,867 2,308
Debt Securities, Available-for-sale 238,598 203,255
Tax Exempt State and Political Subdivisions General Obligations [Member]    
Marketable Securities [Line Items]    
Total Amortized Cost 29,149 36,673
Available for sale securities, Unrealized Gains 2,828 2,526
Available for sale securities, Unrealized Losses 17 0
Debt Securities, Available-for-sale 31,960 39,199
Tax Exempt State and Political Subdivisions Water and Sewer Revenues [Member]    
Marketable Securities [Line Items]    
Total Amortized Cost 8,290 9,565
Available for sale securities, Unrealized Gains 669 633
Available for sale securities, Unrealized Losses 0 0
Debt Securities, Available-for-sale 8,959 10,198
Tax Exempt State and Political Subdivisions Lease Revenues [Member]    
Marketable Securities [Line Items]    
Total Amortized Cost 7,283 8,455
Available for sale securities, Unrealized Gains 743 598
Available for sale securities, Unrealized Losses 0 0
Debt Securities, Available-for-sale 8,026 9,053
Tax Exempt State and Political Subdivisions Other Revenues [Member]    
Marketable Securities [Line Items]    
Total Amortized Cost 9,725 13,929
Available for sale securities, Unrealized Gains 733 728
Available for sale securities, Unrealized Losses 12 7
Debt Securities, Available-for-sale 10,446 14,650
Tax Exempt Debt Securities [Member]    
Marketable Securities [Line Items]    
Total Amortized Cost 54,447 68,622
Available for sale securities, Unrealized Gains 4,973 4,485
Available for sale securities, Unrealized Losses 29 7
Debt Securities, Available-for-sale $ 59,391 $ 73,100
[1] Derived from audited consolidated financial statements
v3.20.2
Securities (Summary of Volume of State and Political Subdivision Securities Held in Portfolio) (Details) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Marketable Securities [Line Items]    
Debt Securities, Available-for-sale, Amortized Cost $ 289,727 $ 272,215
Available for sale securities, Unrealized Gains 11,158 6,455
Available for sale securities, Unrealized Losses 2,896 2,315
Debt Securities, Available-for-sale 297,989 $ 276,355 [1]
CALIFORNIA    
Marketable Securities [Line Items]    
Debt Securities, Available-for-sale, Amortized Cost 15,323  
Available for sale securities, Unrealized Gains 1,426  
Available for sale securities, Unrealized Losses 0  
Debt Securities, Available-for-sale 16,749  
NEW YORK    
Marketable Securities [Line Items]    
Debt Securities, Available-for-sale, Amortized Cost 10,455  
Available for sale securities, Unrealized Gains 959  
Available for sale securities, Unrealized Losses 0  
Debt Securities, Available-for-sale 11,414  
TEXAS    
Marketable Securities [Line Items]    
Debt Securities, Available-for-sale, Amortized Cost 9,887  
Available for sale securities, Unrealized Gains 844  
Available for sale securities, Unrealized Losses 0  
Debt Securities, Available-for-sale 10,731  
ILLINOIS    
Marketable Securities [Line Items]    
Debt Securities, Available-for-sale, Amortized Cost 9,248  
Available for sale securities, Unrealized Gains 636  
Available for sale securities, Unrealized Losses 18  
Debt Securities, Available-for-sale 9,866  
FLORIDA    
Marketable Securities [Line Items]    
Debt Securities, Available-for-sale, Amortized Cost 8,497  
Available for sale securities, Unrealized Gains 669  
Available for sale securities, Unrealized Losses 0  
Debt Securities, Available-for-sale $ 9,166  
[1] Derived from audited consolidated financial statements
v3.20.2
Securities (Summary Of Maturities, Amortized Cost And Estimated Fair Values Of Securities) (Details) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Debt Securities, Available-for-sale [Abstract]    
Due in one year or less, Amortized Cost $ 32,295  
Due from one to five years, Amortized Cost 84,789  
Due from five to ten years, Amortized Cost 67,999  
Due after ten years, Amortized Cost 104,644  
Total Amortized Cost 289,727 $ 272,215
Due in one year or less, Estimated Fair Value 32,637  
Due from one to five years, Estimated Fair Value 86,143  
Due from five to ten years, Estimated Fair Value 68,841  
Due after ten years, Estimated Fair Value 110,368  
Total Estimated Fair Value $ 297,989 $ 276,355 [1]
[1] Derived from audited consolidated financial statements
v3.20.2
Securities (Summary Of Proceeds From Sales, Calls And Maturities, Principal Payments, Gains And Losses Of Securities) (Details) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Debt Securities, Available-for-sale [Abstract]    
Proceeds from Sale of Debt Securities, Available-for-sale $ 105,597 $ 133,174
Securities available for sale, Proceeds from Calls and Maturities 2,810 1,766
Securities available for sale, Proceeds from Principal Payments 17,952 18,501
Securities available for sale, Gross realized Gains 2,560 1,867
Securities available for sale, Gross realized Losses $ 0 $ 332
v3.20.2
Securities (Narrative) (Details)
 9 Months Ended
Sep. 30, 2020
state
Debt Securities, Available-for-sale and Held-to-maturity [Abstract]  
Number of states with highest volume of state and political subdivision securities 5
v3.20.2
Securities (Summary Of Securities Available For Sale In Unrealized Loss Position) (Details)
$ in Thousands
Sep. 30, 2020
USD ($)
security
Dec. 31, 2019
USD ($)
security
Marketable Securities [Line Items]    
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security 85 88
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months $ 49,435 $ 53,992
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss 779 668
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer 58,296 63,389
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss (2,117) (1,647)
Debt Securities, Available-for-sale, Unrealized Loss Position 107,731 117,381
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss $ 2,896 $ 2,315
US Government Corporations and Agencies Securities [Member]    
Marketable Securities [Line Items]    
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security 34 15
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months $ 15,995 $ 0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss 61 0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer 12,427 14,903
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss (357) (384)
Debt Securities, Available-for-sale, Unrealized Loss Position 28,422 14,903
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss $ 418 $ 384
Government Sponsored Agencies [Member]    
Marketable Securities [Line Items]    
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security 12 21
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months $ 6,031 $ 12,298
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss 49 96
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer 9,327 15,174
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss (350) (339)
Debt Securities, Available-for-sale, Unrealized Loss Position 15,358 27,472
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss $ 399 $ 435
Nongovernment Sponsored Agencies [Member]    
Marketable Securities [Line Items]    
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security 4 4
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months $ 3,492 $ 8,323
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss 22 41
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer 2,726 0
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss (230) 0
Debt Securities, Available-for-sale, Unrealized Loss Position 6,218 8,323
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss $ 252 $ 41
State and Political Subdivisions General Obligations [Member]    
Marketable Securities [Line Items]    
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security   10
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months   $ 10,581
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss   171
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer   0
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss   0
Debt Securities, Available-for-sale, Unrealized Loss Position   10,581
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss   $ 171
State and Policital Subdivisions Water and Sewer Revenues [Member]    
Marketable Securities [Line Items]    
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security   4
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months   $ 4,421
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss   114
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer   0
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss   0
Debt Securities, Available-for-sale, Unrealized Loss Position   4,421
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss   $ 114
State and Political Subdivisions Lease Revenues [Member]    
Marketable Securities [Line Items]    
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security 1 4
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months $ 1,515 $ 4,235
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss 3 77
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer 0 0
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss 0 0
Debt Securities, Available-for-sale, Unrealized Loss Position 1,515 4,235
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss $ 3 $ 77
State and Political Subdivisions University Revenues [Member]    
Marketable Securities [Line Items]    
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security   1
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months   $ 1,307
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss   16
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer   0
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss   0
Debt Securities, Available-for-sale, Unrealized Loss Position   1,307
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss   $ 16
State and Political Subdivisions Other Revenues [Member]    
Marketable Securities [Line Items]    
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security 1 6
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months $ 1,513 $ 6,517
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss 1 109
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer 0 0
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss 0 0
Debt Securities, Available-for-sale, Unrealized Loss Position 1,513 6,517
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss $ 1 $ 109
Corporate Debt Securities [Member]    
Marketable Securities [Line Items]    
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security 10 6
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months $ 8,381 $ 1,686
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss 410 3
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer 1,886 3,739
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss (114) (146)
Debt Securities, Available-for-sale, Unrealized Loss Position 10,267 5,425
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss $ 524 $ 149
Asset-backed Securities [Member]    
Marketable Securities [Line Items]    
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security 21 15
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months $ 11,391 $ 3,441
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss 204 34
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer 31,930 29,573
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss (1,066) (778)
Debt Securities, Available-for-sale, Unrealized Loss Position 43,321 33,014
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss $ 1,270 $ 812
Tax Exempt State and Political Subdivisions General Obligations [Member]    
Marketable Securities [Line Items]    
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security 1  
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months $ 972  
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss 17  
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer 0  
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss 0  
Debt Securities, Available-for-sale, Unrealized Loss Position 972  
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss $ 17  
Tax Exempt State and Political Subdivisions Other Revenues [Member]    
Marketable Securities [Line Items]    
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security 1 2
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months $ 145 $ 1,183
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss 12 7
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer 0 0
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss 0 0
Debt Securities, Available-for-sale, Unrealized Loss Position 145 1,183
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss $ 12 $ 7
v3.20.2
Securities Held to Maturity (Summary of Amortized Cost, Unrealized Gains, Unrealized Losses and Estimated Fair Values) (Details) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Marketable Securities [Line Items]    
Debt Securities, Held-to-maturity $ 91,600 $ 0
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain 1,367  
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss 181  
Debt Securities, Held-to-maturity, Fair Value 92,786  
Tax Exempt State and Political Subdivisions General Obligations [Member]    
Marketable Securities [Line Items]    
Debt Securities, Held-to-maturity 69,731  
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain 1,081  
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss 37  
Debt Securities, Held-to-maturity, Fair Value 70,775  
Tax Exempt State and Political Subdivisions Water and Sewer Revenues [Member]    
Marketable Securities [Line Items]    
Debt Securities, Held-to-maturity 7,181  
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain 104  
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss 8  
Debt Securities, Held-to-maturity, Fair Value 7,277  
Tax Exempt State and Political Subdivisions Sales Tax Revenues [Member]    
Marketable Securities [Line Items]    
Debt Securities, Held-to-maturity 4,665  
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain 28  
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss 45  
Debt Securities, Held-to-maturity, Fair Value 4,648  
Tax Exempt State and Political Subdivisions Other Revenues [Member]    
Marketable Securities [Line Items]    
Debt Securities, Held-to-maturity 10,023  
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain 154  
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss 91  
Debt Securities, Held-to-maturity, Fair Value 10,086  
Tax Exempt Debt Securities [Member]    
Marketable Securities [Line Items]    
Debt Securities, Held-to-maturity 91,600  
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain 1,367  
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss 181  
Debt Securities, Held-to-maturity, Fair Value $ 92,786  
v3.20.2
Securities Held to Maturity (Summary of Volume of State and Political Subdivision Securities Held in Portfolio) (Details) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Marketable Securities [Line Items]    
Debt Securities, Held-to-maturity $ 91,600 $ 0
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain 1,367  
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss 181  
Debt Securities, Held-to-maturity, Fair Value 92,786  
TEXAS    
Marketable Securities [Line Items]    
Debt Securities, Held-to-maturity 14,528  
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain 182  
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss 0  
Debt Securities, Held-to-maturity, Fair Value 14,710  
CALIFORNIA    
Marketable Securities [Line Items]    
Debt Securities, Held-to-maturity 10,132  
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain 216  
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss 8  
Debt Securities, Held-to-maturity, Fair Value 10,340  
PENNSYLVANIA    
Marketable Securities [Line Items]    
Debt Securities, Held-to-maturity 8,823  
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain 41  
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss 8  
Debt Securities, Held-to-maturity, Fair Value 8,856  
MICHIGAN    
Marketable Securities [Line Items]    
Debt Securities, Held-to-maturity 7,191  
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain 25  
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss 43  
Debt Securities, Held-to-maturity, Fair Value 7,173  
NEVADA    
Marketable Securities [Line Items]    
Debt Securities, Held-to-maturity 6,976  
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain 0  
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss 6  
Debt Securities, Held-to-maturity, Fair Value $ 6,970  
v3.20.2
Securities (Summary of Maturity Held to Maturity Securities) (Details)
$ in Thousands
Sep. 30, 2020
USD ($)
Debt Securities, Held-to-maturity [Abstract]  
Debt Securities, Held-to-Maturity, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One $ 0
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One 0
Debt Securities, Held-to-Maturity, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five 0
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five 0
Debt Securities, Held-to-Maturity, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 2,048
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 2,090
Debt Securities, Held-to-Maturity, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10 89,552
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10 90,696
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Amortized Cost 91,600
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Fair Value $ 92,786
v3.20.2
Securities Held to Maturity (Summary of Proceeds From Sales, Calls and Maturities, Principal Payments, Gains and Losses on Securities) (Details) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Marketable Securities [Line Items]    
Proceeds from Sale of Held-to-maturity Securities $ 0  
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities 1,000 $ 0
Proceeds from Principal Payments of Debt Securities, Held to Maturity 0  
Held to Maturity Securities, Gross Realized Gains 0  
Held to Maturity Securities, Gross Realized Loss $ 0  
v3.20.2
Loans (Narrative) (Details)
 3 Months Ended 9 Months Ended
Sep. 30, 2020
USD ($)
contract
Sep. 30, 2019
contract
Sep. 30, 2020
USD ($)
contract
Sep. 30, 2019
contract
Dec. 31, 2019
USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Number of days past due when loans are placed on nonaccrual status     90 days    
Number of days past due for credit card loan charge offs     180 days    
Number of days for credit card charge offs after specified event     60 days    
Number of days past due for residential mortgage loan charge offs to net realizable value     180 days    
Number of days past due for consumer loan charge offs to net realizable value     120 days    
TDR loans considered material $ 500,000   $ 500,000    
Loan review aggregate exposure amount on non-homogenous commercial loan relationships 5,000,000.0   5,000,000.0    
Troubled debt restructurings included in impaired loans 25,200,000   25,200,000   $ 25,700,000
Current Troubled debt restructurings included in impaired loans 21,300,000   21,300,000   $ 22,900,000
Commitments to Lend Funds for Restructured Loans 0   0    
Financing Receivable, Troubled Debt Restructuring, Individually Evaluated for Impairment, Minimum 500,000   $ 500,000    
Number of days past due to be considered in default     30 days    
Outstanding Loan Balance of Modifications in Connection with the COVID-19 Relief Provided by the CARES Act $ 117,700,000   $ 117,700,000    
Document Period End Date     Sep. 30, 2020    
Financing Receivable, Modifications, Number of Contracts | contract 2 0 3 13  
Loans Collectively Evaluated Fully Guaranteed or Cash Secured Loans $ 106,400,000   $ 106,400,000    
Minimum [Member]          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Residential 1-4 family rental small loan / large loan classification 600,000   600,000    
Maximum [Member]          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Residential 1-4 family rental small loan / large loan classification $ 600,000   $ 600,000    
v3.20.2
Loans (Summary of Loans, Net of Unearned Fees) (Details) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Document Period End Date Sep. 30, 2020  
Loans and Leases Receivable, Net of Deferred Income $ 2,251,804 $ 1,913,499 [1]
Less allowance for loan losses 29,354 13,074 [1]
Loans and Leases Receivable, Net Amount 2,222,450 1,900,425 [1]
Commercial [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans and Leases Receivable, Net of Deferred Income 350,985 220,452
Commercial real estate owner occupied professional & medical [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans and Leases Receivable, Net of Deferred Income 94,635 81,973
Commercial real estate owner occupied retail [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans and Leases Receivable, Net of Deferred Income 100,926 100,993
Commercial real estate owner occupied other [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans and Leases Receivable, Net of Deferred Income 116,941 93,253
Commercial real estate non-owner occupied hotels & motels [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans and Leases Receivable, Net of Deferred Income 120,324 128,665
Commercial real estate non-owner occupied mini-storage [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans and Leases Receivable, Net of Deferred Income 57,601 50,913
Multifamily [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans and Leases Receivable, Net of Deferred Income 152,561 164,398
Commercial real estate non-owner occupied retail [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans and Leases Receivable, Net of Deferred Income 108,326 102,989
Commercial real estate non-owner occupied other [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans and Leases Receivable, Net of Deferred Income 179,812 182,242
Land and Land Improvements [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans and Leases Receivable, Net of Deferred Income 97,343 84,112
Construction [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans and Leases Receivable, Net of Deferred Income 66,878 37,523
Residential 1-4 family real estate personal residence [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans and Leases Receivable, Net of Deferred Income 263,315 260,843
Residential 1-4 family real estate rental - small loan [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans and Leases Receivable, Net of Deferred Income 104,694 101,080
Residential 1-4 family real estate rental - large loan [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans and Leases Receivable, Net of Deferred Income 73,836 63,986
Home Equity [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans and Leases Receivable, Net of Deferred Income 82,991 76,568
Mortgage Warehouse Lines [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans and Leases Receivable, Net of Deferred Income 243,730 126,237
Consumer [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans and Leases Receivable, Net of Deferred Income 34,655 35,021
Credit Card Receivable [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans and Leases Receivable, Net of Deferred Income 1,637 1,453
Bank Overdrafts [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans and Leases Receivable, Net of Deferred Income $ 614 $ 798
[1] Derived from audited consolidated financial statements
v3.20.2
Loans and Allowance For Credit Losses Loans (Summary Of Analysis Of Allowance For Loan Losses) (Details) - USD ($)
$ in Thousands
 9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Dec. 31, 2018
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss $ 29,354 $ 13,074 $ 13,047
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 410    
Provision for Loan, Lease, and Other Losses 10,408 1,550  
Financing Receivable, Allowance for Credit Loss, Writeoff (2,175) (2,103)  
Financing Receivable, Allowance for Credit Loss, Recovery 711 580  
Commercial [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 2,875 1,221 1,705
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 0    
Provision for Loan, Lease, and Other Losses 662 (295)  
Financing Receivable, Allowance for Credit Loss, Writeoff (99) (281)  
Financing Receivable, Allowance for Credit Loss, Recovery 27 17  
Commercial real estate owner occupied professional & medical [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 872 1,058  
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 0    
Provision for Loan, Lease, and Other Losses 1,209    
Financing Receivable, Allowance for Credit Loss, Writeoff (1,005)    
Financing Receivable, Allowance for Credit Loss, Recovery 0    
Commercial real estate owner occupied retail [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 3,148 820  
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 153    
Provision for Loan, Lease, and Other Losses 2,285    
Financing Receivable, Allowance for Credit Loss, Writeoff 0    
Financing Receivable, Allowance for Credit Loss, Recovery 162    
Commercial real estate owner occupied other [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 678 821  
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 0    
Provision for Loan, Lease, and Other Losses (6)    
Financing Receivable, Allowance for Credit Loss, Writeoff 0    
Financing Receivable, Allowance for Credit Loss, Recovery 0    
Commercial real estate non-owner occupied hotels & motels [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 2,132 1,235  
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 0    
Provision for Loan, Lease, and Other Losses 1,833    
Financing Receivable, Allowance for Credit Loss, Writeoff 0    
Financing Receivable, Allowance for Credit Loss, Recovery 0    
Commercial real estate non-owner occupied mini-storage [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 232 485  
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 0    
Provision for Loan, Lease, and Other Losses 58    
Financing Receivable, Allowance for Credit Loss, Writeoff 0    
Financing Receivable, Allowance for Credit Loss, Recovery 0    
Multifamily [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 680 1,534  
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 0    
Provision for Loan, Lease, and Other Losses (900)    
Financing Receivable, Allowance for Credit Loss, Writeoff 0    
Financing Receivable, Allowance for Credit Loss, Recovery 38    
Commercial real estate non-owner occupied retail [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 1,305 964  
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 0    
Provision for Loan, Lease, and Other Losses 403    
Financing Receivable, Allowance for Credit Loss, Writeoff (343)    
Financing Receivable, Allowance for Credit Loss, Recovery 2    
Commercial real estate non-owner occupied other [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 927 1,721  
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 0    
Provision for Loan, Lease, and Other Losses 600    
Financing Receivable, Allowance for Credit Loss, Writeoff 0    
Financing Receivable, Allowance for Credit Loss, Recovery 0    
Land and Land Improvements [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 4,216 600 339
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 111    
Provision for Loan, Lease, and Other Losses 1,334 155  
Financing Receivable, Allowance for Credit Loss, Writeoff (4) (2)  
Financing Receivable, Allowance for Credit Loss, Recovery 39 108  
Construction [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 3,388 242 64
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 0    
Provision for Loan, Lease, and Other Losses 2,150 178  
Financing Receivable, Allowance for Credit Loss, Writeoff 0 0  
Financing Receivable, Allowance for Credit Loss, Recovery 0 0  
Residential 1-4 family real estate personal residence [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 2,672 1,275  
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 146    
Provision for Loan, Lease, and Other Losses (35)    
Financing Receivable, Allowance for Credit Loss, Writeoff (45)    
Financing Receivable, Allowance for Credit Loss, Recovery 49    
Residential 1-4 family real estate rental - small loan [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 2,272 532  
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 0    
Provision for Loan, Lease, and Other Losses 283    
Financing Receivable, Allowance for Credit Loss, Writeoff (123)    
Financing Receivable, Allowance for Credit Loss, Recovery 127    
Residential 1-4 family real estate rental - large loan [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 2,616 49  
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 0    
Provision for Loan, Lease, and Other Losses (317)    
Financing Receivable, Allowance for Credit Loss, Writeoff 0    
Financing Receivable, Allowance for Credit Loss, Recovery 0    
Home Equity [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 961 138 167
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 0    
Provision for Loan, Lease, and Other Losses 499 (24)  
Financing Receivable, Allowance for Credit Loss, Writeoff (23) (24)  
Financing Receivable, Allowance for Credit Loss, Recovery 39 19  
Mortgage Warehouse Lines [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 0 0 0
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 0    
Provision for Loan, Lease, and Other Losses 0 0  
Financing Receivable, Allowance for Credit Loss, Writeoff 0 0  
Financing Receivable, Allowance for Credit Loss, Recovery 0 0  
Consumer [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 224 379 $ 79
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 0    
Provision for Loan, Lease, and Other Losses 194 173  
Financing Receivable, Allowance for Credit Loss, Writeoff (212) (285)  
Financing Receivable, Allowance for Credit Loss, Recovery 101 168  
Credit Card Receivable [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 16 0  
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 0    
Provision for Loan, Lease, and Other Losses 28    
Financing Receivable, Allowance for Credit Loss, Writeoff (33)    
Financing Receivable, Allowance for Credit Loss, Recovery 9    
Bank Overdrafts [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 140 $ 0  
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 0    
Provision for Loan, Lease, and Other Losses 128    
Financing Receivable, Allowance for Credit Loss, Writeoff (288)    
Financing Receivable, Allowance for Credit Loss, Recovery 118    
Cumulative Effect, Period of Adoption, Adjustment [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 6,926    
Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 1,064    
Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial real estate owner occupied professional & medical [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) (390)    
Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial real estate owner occupied retail [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) (272)    
Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial real estate owner occupied other [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) (137)    
Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial real estate non-owner occupied hotels & motels [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) (936)    
Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial real estate non-owner occupied mini-storage [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) (311)    
Cumulative Effect, Period of Adoption, Adjustment [Member] | Multifamily [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 8    
Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial real estate non-owner occupied retail [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 279    
Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial real estate non-owner occupied other [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) (1,394)    
Cumulative Effect, Period of Adoption, Adjustment [Member] | Land and Land Improvements [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 2,136    
Cumulative Effect, Period of Adoption, Adjustment [Member] | Construction [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 996    
Cumulative Effect, Period of Adoption, Adjustment [Member] | Residential 1-4 family real estate personal residence [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 1,282    
Cumulative Effect, Period of Adoption, Adjustment [Member] | Residential 1-4 family real estate rental - small loan [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 1,453    
Cumulative Effect, Period of Adoption, Adjustment [Member] | Residential 1-4 family real estate rental - large loan [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 2,884    
Cumulative Effect, Period of Adoption, Adjustment [Member] | Home Equity [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 308    
Cumulative Effect, Period of Adoption, Adjustment [Member] | Mortgage Warehouse Lines [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 0    
Cumulative Effect, Period of Adoption, Adjustment [Member] | Consumer [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) (238)    
Cumulative Effect, Period of Adoption, Adjustment [Member] | Credit Card Receivable [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) 12    
Cumulative Effect, Period of Adoption, Adjustment [Member] | Bank Overdrafts [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) $ 182    
v3.20.2
Loans and Allowance For Credit Losses Loans (Summary Of Imparied Financing Receivables) (Details) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Dec. 31, 2018
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans individually evaluated for impairment $ 37,710    
Financing Receivable, Collectively Evaluated for Impairment 2,214,094    
Loans and Leases Receivable, Gross 2,251,804    
Allowance related to: Loans individually evaluated for impairment 3,133    
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment 26,221    
Financing Receivable, Allowance for Credit Loss 29,354 $ 13,074 $ 13,047
Commercial [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans individually evaluated for impairment 4,242    
Financing Receivable, Collectively Evaluated for Impairment 346,743    
Loans and Leases Receivable, Gross 350,985    
Allowance related to: Loans individually evaluated for impairment 20    
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment 2,855    
Financing Receivable, Allowance for Credit Loss 2,875 1,221 1,705
Commercial real estate owner occupied professional & medical [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans individually evaluated for impairment 2,197    
Financing Receivable, Collectively Evaluated for Impairment 92,438    
Loans and Leases Receivable, Gross 94,635    
Allowance related to: Loans individually evaluated for impairment 230    
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment 642    
Financing Receivable, Allowance for Credit Loss 872 1,058  
Commercial real estate owner occupied retail [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans individually evaluated for impairment 16,220    
Financing Receivable, Collectively Evaluated for Impairment 84,706    
Loans and Leases Receivable, Gross 100,926    
Allowance related to: Loans individually evaluated for impairment 2,142    
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment 1,006    
Financing Receivable, Allowance for Credit Loss 3,148 820  
Commercial real estate owner occupied other [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans individually evaluated for impairment 0    
Financing Receivable, Collectively Evaluated for Impairment 116,941    
Loans and Leases Receivable, Gross 116,941    
Allowance related to: Loans individually evaluated for impairment 0    
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment 678    
Financing Receivable, Allowance for Credit Loss 678 821  
Commercial real estate non-owner occupied hotels & motels [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans individually evaluated for impairment 0    
Financing Receivable, Collectively Evaluated for Impairment 120,324    
Loans and Leases Receivable, Gross 120,324    
Allowance related to: Loans individually evaluated for impairment 0    
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment 2,132    
Financing Receivable, Allowance for Credit Loss 2,132 1,235  
Commercial real estate non-owner occupied mini-storage [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans individually evaluated for impairment 0    
Financing Receivable, Collectively Evaluated for Impairment 57,601    
Loans and Leases Receivable, Gross 57,601    
Allowance related to: Loans individually evaluated for impairment 0    
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment 232    
Financing Receivable, Allowance for Credit Loss 232 485  
Multifamily [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans individually evaluated for impairment 0    
Financing Receivable, Collectively Evaluated for Impairment 152,561    
Loans and Leases Receivable, Gross 152,561    
Allowance related to: Loans individually evaluated for impairment 0    
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment 680    
Financing Receivable, Allowance for Credit Loss 680 1,534  
Commercial real estate non-owner occupied retail [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans individually evaluated for impairment 2,507    
Financing Receivable, Collectively Evaluated for Impairment 105,819    
Loans and Leases Receivable, Gross 108,326    
Allowance related to: Loans individually evaluated for impairment 57    
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment 1,248    
Financing Receivable, Allowance for Credit Loss 1,305 964  
Commercial real estate non-owner occupied other [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans individually evaluated for impairment 5,229    
Financing Receivable, Collectively Evaluated for Impairment 174,583    
Loans and Leases Receivable, Gross 179,812    
Allowance related to: Loans individually evaluated for impairment 0    
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment 927    
Financing Receivable, Allowance for Credit Loss 927 1,721  
Land and Land Improvements [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans individually evaluated for impairment 1,621    
Financing Receivable, Collectively Evaluated for Impairment 95,722    
Loans and Leases Receivable, Gross 97,343    
Allowance related to: Loans individually evaluated for impairment 640    
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment 3,576    
Financing Receivable, Allowance for Credit Loss 4,216 600 339
Construction [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans individually evaluated for impairment 0    
Financing Receivable, Collectively Evaluated for Impairment 66,878    
Loans and Leases Receivable, Gross 66,878    
Allowance related to: Loans individually evaluated for impairment 0    
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment 3,388    
Financing Receivable, Allowance for Credit Loss 3,388 242 64
Residential 1-4 family real estate personal residence [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans individually evaluated for impairment 0    
Financing Receivable, Collectively Evaluated for Impairment 263,315    
Loans and Leases Receivable, Gross 263,315    
Allowance related to: Loans individually evaluated for impairment 0    
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment 2,672    
Financing Receivable, Allowance for Credit Loss 2,672 1,275  
Residential 1-4 family real estate rental - small loan [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans individually evaluated for impairment 726    
Financing Receivable, Collectively Evaluated for Impairment 103,968    
Loans and Leases Receivable, Gross 104,694    
Allowance related to: Loans individually evaluated for impairment 44    
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment 2,228    
Financing Receivable, Allowance for Credit Loss 2,272 532  
Residential 1-4 family real estate rental - large loan [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans individually evaluated for impairment 4,445    
Financing Receivable, Collectively Evaluated for Impairment 69,391    
Loans and Leases Receivable, Gross 73,836    
Allowance related to: Loans individually evaluated for impairment 0    
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment 2,616    
Financing Receivable, Allowance for Credit Loss 2,616 49  
Home Equity [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans individually evaluated for impairment 523    
Financing Receivable, Collectively Evaluated for Impairment 82,468    
Loans and Leases Receivable, Gross 82,991    
Allowance related to: Loans individually evaluated for impairment 0    
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment 961    
Financing Receivable, Allowance for Credit Loss 961 138 167
Consumer [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans individually evaluated for impairment 0    
Financing Receivable, Collectively Evaluated for Impairment 34,655    
Loans and Leases Receivable, Gross 34,655    
Allowance related to: Loans individually evaluated for impairment 0    
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment 224    
Financing Receivable, Allowance for Credit Loss 224 379 79
Credit Card Receivable [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans individually evaluated for impairment 0    
Financing Receivable, Collectively Evaluated for Impairment 1,637    
Loans and Leases Receivable, Gross 1,637    
Allowance related to: Loans individually evaluated for impairment 0    
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment 16    
Financing Receivable, Allowance for Credit Loss 16 0  
Bank Overdrafts [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans individually evaluated for impairment 0    
Financing Receivable, Collectively Evaluated for Impairment 614    
Loans and Leases Receivable, Gross 614    
Allowance related to: Loans individually evaluated for impairment 0    
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment 140    
Financing Receivable, Allowance for Credit Loss 140 0  
Mortgage Warehouse Lines [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans individually evaluated for impairment 0    
Financing Receivable, Collectively Evaluated for Impairment 243,730    
Loans and Leases Receivable, Gross 243,730    
Allowance related to: Loans individually evaluated for impairment 0    
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment 0    
Financing Receivable, Allowance for Credit Loss $ 0 $ 0 $ 0
v3.20.2
Loans and Allowance For Credit Losses Loans (Collateral Dependent Loans) (Details)
$ in Thousands
Sep. 30, 2020
USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent $ 37,710
Allowance related to: Loans individually evaluated for impairment, collateral dependent 3,133
Collateral Pledged [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 25,888
Allowance related to: Loans individually evaluated for impairment, collateral dependent 2,903
Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 21,645
Non-Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 4,243
Commercial [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 4,242
Allowance related to: Loans individually evaluated for impairment, collateral dependent 20
Commercial [Member] | Collateral Pledged [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 4,243
Allowance related to: Loans individually evaluated for impairment, collateral dependent 20
Commercial [Member] | Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Commercial [Member] | Non-Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 4,243
Commercial real estate owner occupied professional & medical [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 2,197
Allowance related to: Loans individually evaluated for impairment, collateral dependent 230
Commercial real estate owner occupied professional & medical [Member] | Collateral Pledged [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Commercial real estate owner occupied professional & medical [Member] | Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Commercial real estate owner occupied professional & medical [Member] | Non-Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Commercial real estate owner occupied retail [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 16,220
Allowance related to: Loans individually evaluated for impairment, collateral dependent 2,142
Commercial real estate owner occupied retail [Member] | Collateral Pledged [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 11,937
Allowance related to: Loans individually evaluated for impairment, collateral dependent 2,142
Commercial real estate owner occupied retail [Member] | Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 11,937
Commercial real estate owner occupied retail [Member] | Non-Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Commercial real estate owner occupied other [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Commercial real estate owner occupied other [Member] | Collateral Pledged [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Commercial real estate owner occupied other [Member] | Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Commercial real estate owner occupied other [Member] | Non-Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Commercial real estate non-owner occupied hotels & motels [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Commercial real estate non-owner occupied hotels & motels [Member] | Collateral Pledged [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Commercial real estate non-owner occupied hotels & motels [Member] | Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Commercial real estate non-owner occupied hotels & motels [Member] | Non-Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Commercial real estate non-owner occupied mini-storage [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Commercial real estate non-owner occupied mini-storage [Member] | Collateral Pledged [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Commercial real estate non-owner occupied mini-storage [Member] | Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Commercial real estate non-owner occupied mini-storage [Member] | Non-Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Multifamily [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Multifamily [Member] | Collateral Pledged [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Multifamily [Member] | Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Multifamily [Member] | Non-Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Commercial real estate non-owner occupied retail [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 2,507
Allowance related to: Loans individually evaluated for impairment, collateral dependent 57
Commercial real estate non-owner occupied retail [Member] | Collateral Pledged [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 653
Allowance related to: Loans individually evaluated for impairment, collateral dependent 57
Commercial real estate non-owner occupied retail [Member] | Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 653
Commercial real estate non-owner occupied retail [Member] | Non-Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Commercial real estate non-owner occupied other [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 5,229
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Commercial real estate non-owner occupied other [Member] | Collateral Pledged [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 2,890
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Commercial real estate non-owner occupied other [Member] | Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 2,890
Commercial real estate non-owner occupied other [Member] | Non-Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Land and Land Improvements [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 1,621
Allowance related to: Loans individually evaluated for impairment, collateral dependent 640
Land and Land Improvements [Member] | Collateral Pledged [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 995
Allowance related to: Loans individually evaluated for impairment, collateral dependent 640
Land and Land Improvements [Member] | Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 995
Land and Land Improvements [Member] | Non-Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Construction [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Construction [Member] | Collateral Pledged [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Construction [Member] | Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Construction [Member] | Non-Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Residential 1-4 family real estate personal residence [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Residential 1-4 family real estate personal residence [Member] | Collateral Pledged [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Residential 1-4 family real estate personal residence [Member] | Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Residential 1-4 family real estate personal residence [Member] | Non-Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Residential 1-4 family real estate rental - small loan [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 726
Allowance related to: Loans individually evaluated for impairment, collateral dependent 44
Residential 1-4 family real estate rental - small loan [Member] | Collateral Pledged [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 726
Allowance related to: Loans individually evaluated for impairment, collateral dependent 44
Residential 1-4 family real estate rental - small loan [Member] | Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 726
Residential 1-4 family real estate rental - small loan [Member] | Non-Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Residential 1-4 family real estate rental - large loan [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 4,445
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Residential 1-4 family real estate rental - large loan [Member] | Collateral Pledged [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 4,444
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Residential 1-4 family real estate rental - large loan [Member] | Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 4,444
Residential 1-4 family real estate rental - large loan [Member] | Non-Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Home Equity [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 523
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Home Equity [Member] | Collateral Pledged [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Home Equity [Member] | Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Home Equity [Member] | Non-Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Consumer [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Consumer [Member] | Collateral Pledged [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Consumer [Member] | Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Consumer [Member] | Non-Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Credit Card Receivable [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Credit Card Receivable [Member] | Collateral Pledged [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Credit Card Receivable [Member] | Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Credit Card Receivable [Member] | Non-Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Bank Overdrafts [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Bank Overdrafts [Member] | Collateral Pledged [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Allowance related to: Loans individually evaluated for impairment, collateral dependent 0
Bank Overdrafts [Member] | Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent 0
Bank Overdrafts [Member] | Non-Real Estate Secured Loans [Member]  
Financing Receivable, Allowance for Credit Loss [Line Items]  
Loans individually evaluated for impairment, collateral dependent $ 0
v3.20.2
Loans and Allowance For Credit Losses Loans (Summary of Analysis Of Allowance For Loan Losses Prior To ASC 326 (Details) - USD ($)
$ in Thousands
 9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Dec. 31, 2018
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss $ 29,354 $ 13,074 $ 13,047
Financing Receivable, Allowance for Credit Loss, Writeoff 2,175 2,103  
Financing Receivable, Allowance for Credit Loss, Recovery 711 580  
Provision for Loan, Lease, and Other Losses 10,408 1,550  
Commercial [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 2,875 1,221 1,705
Financing Receivable, Allowance for Credit Loss, Writeoff 99 281  
Financing Receivable, Allowance for Credit Loss, Recovery 27 17  
Provision for Loan, Lease, and Other Losses 662 (295)  
Owner Occupied [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss     2,214
Financing Receivable, Allowance for Credit Loss, Writeoff   2  
Financing Receivable, Allowance for Credit Loss, Recovery   21  
Provision for Loan, Lease, and Other Losses   467  
Non Owner Occupied [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss     5,742
Financing Receivable, Allowance for Credit Loss, Writeoff   170  
Financing Receivable, Allowance for Credit Loss, Recovery   1  
Provision for Loan, Lease, and Other Losses   366  
Land and Land Improvements [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 4,216 600 339
Financing Receivable, Allowance for Credit Loss, Writeoff 4 2  
Financing Receivable, Allowance for Credit Loss, Recovery 39 108  
Provision for Loan, Lease, and Other Losses 1,334 155  
Construction [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 3,388 242 64
Financing Receivable, Allowance for Credit Loss, Writeoff 0 0  
Financing Receivable, Allowance for Credit Loss, Recovery 0 0  
Provision for Loan, Lease, and Other Losses 2,150 178  
Non-Jumbo [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss     2,090
Financing Receivable, Allowance for Credit Loss, Writeoff   979  
Financing Receivable, Allowance for Credit Loss, Recovery   125  
Provision for Loan, Lease, and Other Losses   576  
Home Equity Line of Credit [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss     379
Financing Receivable, Allowance for Credit Loss, Writeoff   0  
Financing Receivable, Allowance for Credit Loss, Recovery   0  
Provision for Loan, Lease, and Other Losses   (368)  
Home Equity [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 961 138 167
Financing Receivable, Allowance for Credit Loss, Writeoff 23 24  
Financing Receivable, Allowance for Credit Loss, Recovery 39 19  
Provision for Loan, Lease, and Other Losses 499 (24)  
Mortgage Warehouse Lines [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 0 0 0
Financing Receivable, Allowance for Credit Loss, Writeoff 0 0  
Financing Receivable, Allowance for Credit Loss, Recovery 0 0  
Provision for Loan, Lease, and Other Losses 0 0  
Consumer [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss 224 379 79
Financing Receivable, Allowance for Credit Loss, Writeoff 212 285  
Financing Receivable, Allowance for Credit Loss, Recovery 101 168  
Provision for Loan, Lease, and Other Losses $ 194 173  
Other Loans [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss     $ 268
Financing Receivable, Allowance for Credit Loss, Writeoff   360  
Financing Receivable, Allowance for Credit Loss, Recovery   121  
Provision for Loan, Lease, and Other Losses   322  
Accounting Standards Update 2016-13 [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss   13,074  
Accounting Standards Update 2016-13 [Member] | Commercial [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss   1,146  
Accounting Standards Update 2016-13 [Member] | Owner Occupied [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss   2,700  
Accounting Standards Update 2016-13 [Member] | Non Owner Occupied [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss   5,939  
Accounting Standards Update 2016-13 [Member] | Land and Land Improvements [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss   600  
Accounting Standards Update 2016-13 [Member] | Construction [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss   242  
Accounting Standards Update 2016-13 [Member] | Non-Jumbo [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss   1,812  
Accounting Standards Update 2016-13 [Member] | Home Equity Line of Credit [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss   11  
Accounting Standards Update 2016-13 [Member] | Home Equity [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss   138  
Accounting Standards Update 2016-13 [Member] | Mortgage Warehouse Lines [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss   0  
Accounting Standards Update 2016-13 [Member] | Consumer [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss   135  
Accounting Standards Update 2016-13 [Member] | Other Loans [Member]      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Allowance for Credit Loss   $ 351  
v3.20.2
Loans (Schedule of Contractual Aging of Recorded Investment in Past Due Loans by Class) (Details) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Financing Receivable, Past Due [Line Items]    
Past Due $ 14,616 $ 16,237
Current 2,237,188 1,897,262
Recorded Investment greater then 90 days and Accruing 2 42
Commercial [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 614 699
Current 350,371 219,753
Recorded Investment greater then 90 days and Accruing 0 0
Commercial real estate owner occupied professional & medical [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 569 1,739
Current 94,066 80,234
Recorded Investment greater then 90 days and Accruing 0 0
Commercial real estate owner occupied retail [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 3,343 2,552
Current 97,583 98,441
Recorded Investment greater then 90 days and Accruing 0 0
Commercial real estate owner occupied other [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 149 0
Current 116,792 93,253
Recorded Investment greater then 90 days and Accruing 0 0
Commercial real estate non-owner occupied hotels & motels [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 0
Current 120,324 128,665
Recorded Investment greater then 90 days and Accruing 0 0
Commercial real estate non-owner occupied mini-storage [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 0
Current 57,601 50,913
Recorded Investment greater then 90 days and Accruing 0 0
Multifamily [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 417 816
Current 152,144 163,582
Recorded Investment greater then 90 days and Accruing 0 0
Commercial real estate non-owner occupied retail [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 821 1,218
Current 107,505 101,771
Recorded Investment greater then 90 days and Accruing 0 0
Commercial real estate non-owner occupied other [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 363 387
Current 179,449 181,855
Recorded Investment greater then 90 days and Accruing 0 0
Land and Land Improvements [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 424 424
Current 96,919 83,688
Recorded Investment greater then 90 days and Accruing 0 0
Construction [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 138
Current 66,878 37,385
Recorded Investment greater then 90 days and Accruing 0 0
Residential 1-4 family real estate personal residence [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 4,753 5,104
Current 258,562 255,739
Recorded Investment greater then 90 days and Accruing 0 0
Residential 1-4 family real estate rental - small loan [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 1,037 1,771
Current 103,657 99,309
Recorded Investment greater then 90 days and Accruing 0 0
Residential 1-4 family real estate rental - large loan [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 1,127 0
Current 72,709 63,986
Recorded Investment greater then 90 days and Accruing 0 0
Home Equity [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 809 983
Current 82,182 75,585
Recorded Investment greater then 90 days and Accruing 0 0
Mortgage Warehouse Lines [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 0
Current 243,730 126,237
Recorded Investment greater then 90 days and Accruing 0 0
Consumer [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 187 339
Current 34,468 34,682
Recorded Investment greater then 90 days and Accruing 0 0
Credit Card Receivable [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 3 67
Current 1,634 1,386
Recorded Investment greater then 90 days and Accruing 2 42
Bank Overdrafts [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 0
Current 614 798
Recorded Investment greater then 90 days and Accruing 0 0
Financial Asset, 30 to 59 Days Past Due [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 4,626 6,562
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 160 216
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial real estate owner occupied professional & medical [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 116 0
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial real estate owner occupied retail [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 307 118
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial real estate owner occupied other [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 0
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial real estate non-owner occupied hotels & motels [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 0
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial real estate non-owner occupied mini-storage [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 0
Financial Asset, 30 to 59 Days Past Due [Member] | Multifamily [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 809
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial real estate non-owner occupied retail [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 71
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial real estate non-owner occupied other [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 0
Financial Asset, 30 to 59 Days Past Due [Member] | Land and Land Improvements [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 93 208
Financial Asset, 30 to 59 Days Past Due [Member] | Construction [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 0
Financial Asset, 30 to 59 Days Past Due [Member] | Residential 1-4 family real estate personal residence [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 3,062 3,361
Financial Asset, 30 to 59 Days Past Due [Member] | Residential 1-4 family real estate rental - small loan [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 243 810
Financial Asset, 30 to 59 Days Past Due [Member] | Residential 1-4 family real estate rental - large loan [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 0
Financial Asset, 30 to 59 Days Past Due [Member] | Home Equity [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 516 760
Financial Asset, 30 to 59 Days Past Due [Member] | Mortgage Warehouse Lines [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 0
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 128 190
Financial Asset, 30 to 59 Days Past Due [Member] | Credit Card Receivable [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 1 19
Financial Asset, 30 to 59 Days Past Due [Member] | Bank Overdrafts [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 0
Financial Asset, 60 to 89 Days Past Due [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 2,456 1,256
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 42 0
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial real estate owner occupied professional & medical [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 137
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial real estate owner occupied retail [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 591 0
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial real estate owner occupied other [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 0
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial real estate non-owner occupied hotels & motels [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 0
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial real estate non-owner occupied mini-storage [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 0
Financial Asset, 60 to 89 Days Past Due [Member] | Multifamily [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 417 0
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial real estate non-owner occupied retail [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 179
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial real estate non-owner occupied other [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 310 0
Financial Asset, 60 to 89 Days Past Due [Member] | Land and Land Improvements [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 329 28
Financial Asset, 60 to 89 Days Past Due [Member] | Construction [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 0
Financial Asset, 60 to 89 Days Past Due [Member] | Residential 1-4 family real estate personal residence [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 579 806
Financial Asset, 60 to 89 Days Past Due [Member] | Residential 1-4 family real estate rental - small loan [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 21
Financial Asset, 60 to 89 Days Past Due [Member] | Residential 1-4 family real estate rental - large loan [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 0
Financial Asset, 60 to 89 Days Past Due [Member] | Home Equity [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 156 0
Financial Asset, 60 to 89 Days Past Due [Member] | Mortgage Warehouse Lines [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 0
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 32 79
Financial Asset, 60 to 89 Days Past Due [Member] | Credit Card Receivable [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 6
Financial Asset, 60 to 89 Days Past Due [Member] | Bank Overdrafts [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 7,534 8,419
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 412 483
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial real estate owner occupied professional & medical [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 453 1,602
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial real estate owner occupied retail [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 2,445 2,434
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial real estate owner occupied other [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 149 0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial real estate non-owner occupied hotels & motels [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial real estate non-owner occupied mini-storage [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Multifamily [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 7
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial real estate non-owner occupied retail [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 821 968
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial real estate non-owner occupied other [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 53 387
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Land and Land Improvements [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 2 188
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 138
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential 1-4 family real estate personal residence [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 1,112 937
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential 1-4 family real estate rental - small loan [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 794 940
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential 1-4 family real estate rental - large loan [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 1,127 0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Home Equity [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 137 223
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Mortgage Warehouse Lines [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 0 0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 27 70
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Credit Card Receivable [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due 2 42
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Bank Overdrafts [Member]    
Financing Receivable, Past Due [Line Items]    
Past Due $ 0 $ 0
v3.20.2
Loans (Schedule of Nonaccrual Loans Included in Net Balance of Loans) (Details) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Financing Receivable, Past Due [Line Items]    
Financing Receivable, Nonaccrual $ 10,001,000 $ 11,468,000
Financing Receivable, Nonaccrual, No Allowance 3,668,000 3,509,000
Commercial [Member]    
Financing Receivable, Past Due [Line Items]    
Financing Receivable, Nonaccrual 553,000 864,000
Financing Receivable, Nonaccrual, No Allowance 0 76,000
Commercial real estate owner occupied professional & medical [Member]    
Financing Receivable, Past Due [Line Items]    
Financing Receivable, Nonaccrual 453,000 1,602,000
Financing Receivable, Nonaccrual, No Allowance 0 0
Commercial real estate owner occupied retail [Member]    
Financing Receivable, Past Due [Line Items]    
Financing Receivable, Nonaccrual 2,551,000 2,552,000
Financing Receivable, Nonaccrual, No Allowance 2,268,000 2,262,000
Commercial real estate owner occupied other [Member]    
Financing Receivable, Past Due [Line Items]    
Financing Receivable, Nonaccrual 383,000 43,000
Financing Receivable, Nonaccrual, No Allowance 0 0
Commercial real estate non-owner occupied hotels & motels [Member]    
Financing Receivable, Past Due [Line Items]    
Financing Receivable, Nonaccrual 0 0
Financing Receivable, Nonaccrual, No Allowance 0 0
Commercial real estate non-owner occupied mini-storage [Member]    
Financing Receivable, Past Due [Line Items]    
Financing Receivable, Nonaccrual 52,000 57,000
Financing Receivable, Nonaccrual, No Allowance 0 0
Multifamily [Member]    
Financing Receivable, Past Due [Line Items]    
Financing Receivable, Nonaccrual 0 38,000
Financing Receivable, Nonaccrual, No Allowance 0 31,000
Commercial real estate non-owner occupied retail [Member]    
Financing Receivable, Past Due [Line Items]    
Financing Receivable, Nonaccrual 821,000 1,120,000
Financing Receivable, Nonaccrual, No Allowance 168,000 527,000
Commercial real estate non-owner occupied other [Member]    
Financing Receivable, Past Due [Line Items]    
Financing Receivable, Nonaccrual 53,000 388,000
Financing Receivable, Nonaccrual, No Allowance 0 40,000
Land and Land Improvements [Member]    
Financing Receivable, Past Due [Line Items]    
Financing Receivable, Nonaccrual 2,000 188,000
Financing Receivable, Nonaccrual, No Allowance 0 0
Construction [Member]    
Financing Receivable, Past Due [Line Items]    
Financing Receivable, Nonaccrual 0 138,000
Financing Receivable, Nonaccrual, No Allowance 0 0
Residential 1-4 family real estate personal residence [Member]    
Financing Receivable, Past Due [Line Items]    
Financing Receivable, Nonaccrual 2,093,000 2,485,000
Financing Receivable, Nonaccrual, No Allowance 0 423,000
Residential 1-4 family real estate rental - small loan [Member]    
Financing Receivable, Past Due [Line Items]    
Financing Receivable, Nonaccrual 1,702,000 1,635,000
Financing Receivable, Nonaccrual, No Allowance 105,000 150,000
Residential 1-4 family real estate rental - large loan [Member]    
Financing Receivable, Past Due [Line Items]    
Financing Receivable, Nonaccrual 1,127,000 0
Financing Receivable, Nonaccrual, No Allowance 1,127,000 0
Home Equity [Member]    
Financing Receivable, Past Due [Line Items]    
Financing Receivable, Nonaccrual 182,000 284,000
Financing Receivable, Nonaccrual, No Allowance 0 0
Mortgage Warehouse Lines [Member]    
Financing Receivable, Past Due [Line Items]    
Financing Receivable, Nonaccrual 0 0
Financing Receivable, Nonaccrual, No Allowance 0 0
Consumer [Member]    
Financing Receivable, Past Due [Line Items]    
Financing Receivable, Nonaccrual 29,000 74,000
Financing Receivable, Nonaccrual, No Allowance 0 0
Credit Card Receivable [Member]    
Financing Receivable, Past Due [Line Items]    
Financing Receivable, Nonaccrual 0 0
Financing Receivable, Nonaccrual, No Allowance 0 0
Bank Overdrafts [Member]    
Financing Receivable, Past Due [Line Items]    
Financing Receivable, Nonaccrual 0 0
Financing Receivable, Nonaccrual, No Allowance $ 0 $ 0
v3.20.2
Loans and Allowance For Credit Losses Loans (Risk Ratings) (Details)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]  
Document Period End Date Sep. 30, 2020
2020 $ 380,372
2019 397,225
2018 236,948
2017 166,430
2016 150,193
Prior 485,021
Revolving 435,615
Revolving - Term 0
Total 2,251,804
Commercial [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 153,861
2019 51,252
2018 25,241
2017 20,872
2016 13,778
Prior 15,105
Revolving 70,876
Revolving - Term 0
Total 350,985
Commercial [Member] | Pass [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 152,812
2019 51,021
2018 23,084
2017 20,745
2016 13,647
Prior 14,098
Revolving 67,155
Revolving - Term 0
Total 342,562
Commercial [Member] | Special Mention [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 10
2019 40
2018 1,959
2017 81
2016 90
Prior 918
Revolving 558
Revolving - Term 0
Total 3,656
Commercial [Member] | Substandard [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 1,039
2019 191
2018 198
2017 46
2016 41
Prior 89
Revolving 3,163
Revolving - Term 0
Total 4,767
Commercial real estate owner occupied professional & medical [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 8,613
2019 14,780
2018 2,580
2017 27,117
2016 3,503
Prior 35,353
Revolving 2,689
Revolving - Term 0
Total 94,635
Commercial real estate owner occupied professional & medical [Member] | Pass [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 7,435
2019 14,460
2018 2,580
2017 27,117
2016 3,370
Prior 30,154
Revolving 2,689
Revolving - Term 0
Total 87,805
Commercial real estate owner occupied professional & medical [Member] | Special Mention [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 1,178
2019 0
2018 0
2017 0
2016 0
Prior 5,199
Revolving 0
Revolving - Term 0
Total 6,377
Commercial real estate owner occupied professional & medical [Member] | Substandard [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 320
2018 0
2017 0
2016 133
Prior 0
Revolving 0
Revolving - Term 0
Total 453
Commercial real estate owner occupied retail [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 4,691
2019 39,091
2018 5,222
2017 11,312
2016 6,046
Prior 32,278
Revolving 2,286
Revolving - Term 0
Total 100,926
Commercial real estate owner occupied retail [Member] | Pass [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 4,691
2019 28,183
2018 5,222
2017 10,721
2016 6,040
Prior 28,879
Revolving 2,236
Revolving - Term 0
Total 85,972
Commercial real estate owner occupied retail [Member] | Special Mention [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 1,239
2018 0
2017 591
2016 6
Prior 848
Revolving 50
Revolving - Term 0
Total 2,734
Commercial real estate owner occupied retail [Member] | Substandard [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 9,669
2018 0
2017 0
2016 0
Prior 2,551
Revolving 0
Revolving - Term 0
Total 12,220
Commercial real estate owner occupied other [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 24,437
2019 15,558
2018 16,567
2017 9,897
2016 13,284
Prior 35,522
Revolving 1,676
Revolving - Term 0
Total 116,941
Commercial real estate owner occupied other [Member] | Pass [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 24,437
2019 15,558
2018 16,567
2017 9,539
2016 13,284
Prior 34,420
Revolving 1,635
Revolving - Term 0
Total 115,440
Commercial real estate owner occupied other [Member] | Special Mention [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 0
Prior 760
Revolving 0
Revolving - Term 0
Total 760
Commercial real estate owner occupied other [Member] | Substandard [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 358
2016 0
Prior 342
Revolving 41
Revolving - Term 0
Total 741
Commercial Real Estate Owner Occupied [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 37,741
2019 69,429
2018 24,369
2017 48,326
2016 22,833
Prior 103,153
Revolving 6,651
Revolving - Term 0
Total 312,502
Commercial real estate non-owner occupied hotels & motels [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 3,457
2019 61,244
2018 15,796
2017 9,901
2016 10,417
Prior 14,692
Revolving 4,817
Revolving - Term 0
Total 120,324
Commercial real estate non-owner occupied hotels & motels [Member] | Pass [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 3,457
2019 61,244
2018 15,796
2017 9,901
2016 10,417
Prior 14,692
Revolving 4,817
Revolving - Term 0
Total 120,324
Commercial real estate non-owner occupied hotels & motels [Member] | Special Mention [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 0
Prior 0
Revolving 0
Revolving - Term 0
Total 0
Commercial real estate non-owner occupied hotels & motels [Member] | Substandard [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 0
Prior 0
Revolving 0
Revolving - Term 0
Total 0
Commercial real estate non-owner occupied mini-storage [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 6,200
2019 19,974
2018 14,971
2017 4,029
2016 7,239
Prior 4,921
Revolving 267
Revolving - Term 0
Total 57,601
Commercial real estate non-owner occupied mini-storage [Member] | Pass [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 6,200
2019 19,974
2018 14,971
2017 4,029
2016 7,239
Prior 4,869
Revolving 267
Revolving - Term 0
Total 57,549
Commercial real estate non-owner occupied mini-storage [Member] | Special Mention [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 0
Prior 52
Revolving 0
Revolving - Term 0
Total 52
Commercial real estate non-owner occupied mini-storage [Member] | Substandard [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 0
Prior 0
Revolving 0
Revolving - Term 0
Total 0
Multifamily [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 17,022
2019 26,957
2018 26,917
2017 18,556
2016 11,271
Prior 49,190
Revolving 2,648
Revolving - Term 0
Total 152,561
Multifamily [Member] | Pass [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 17,022
2019 26,957
2018 26,917
2017 18,556
2016 11,271
Prior 49,091
Revolving 2,648
Revolving - Term 0
Total 152,462
Multifamily [Member] | Special Mention [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 0
Prior 99
Revolving 0
Revolving - Term 0
Total 99
Multifamily [Member] | Substandard [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 0
Prior 0
Revolving 0
Revolving - Term 0
Total 0
Commercial real estate non-owner occupied retail [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 13,044
2019 23,808
2018 9,980
2017 8,567
2016 5,410
Prior 41,359
Revolving 6,158
Revolving - Term 0
Total 108,326
Commercial real estate non-owner occupied retail [Member] | Pass [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 13,044
2019 23,808
2018 9,980
2017 8,399
2016 5,410
Prior 40,150
Revolving 6,158
Revolving - Term 0
Total 106,949
Commercial real estate non-owner occupied retail [Member] | Special Mention [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 168
2016 0
Prior 556
Revolving 0
Revolving - Term 0
Total 724
Commercial real estate non-owner occupied retail [Member] | Substandard [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 0
Prior 653
Revolving 0
Revolving - Term 0
Total 653
Commercial real estate non-owner occupied other [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 34,265
2019 20,985
2018 51,645
2017 11,077
2016 27,276
Prior 32,867
Revolving 1,697
Revolving - Term 0
Total 179,812
Commercial real estate non-owner occupied other [Member] | Pass [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 34,265
2019 20,985
2018 51,645
2017 11,077
2016 27,276
Prior 29,466
Revolving 1,697
Revolving - Term 0
Total 176,411
Commercial real estate non-owner occupied other [Member] | Special Mention [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 0
Prior 458
Revolving 0
Revolving - Term 0
Total 458
Commercial real estate non-owner occupied other [Member] | Substandard [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 0
Prior 2,943
Revolving 0
Revolving - Term 0
Total 2,943
Commercial Real Estate Non-Owner Occupied [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 73,988
2019 152,968
2018 119,309
2017 52,130
2016 61,613
Prior 143,029
Revolving 15,587
Revolving - Term 0
Total 618,624
Land and Land Improvements [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 12,711
2019 29,048
2018 10,918
2017 4,844
2016 6,723
Prior 24,738
Revolving 8,361
Revolving - Term 0
Total 97,343
Land and Land Improvements [Member] | Pass [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 12,711
2019 29,048
2018 10,899
2017 4,844
2016 6,709
Prior 22,665
Revolving 8,361
Revolving - Term 0
Total 95,237
Land and Land Improvements [Member] | Special Mention [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 13
2017 0
2016 0
Prior 955
Revolving 0
Revolving - Term 0
Total 968
Land and Land Improvements [Member] | Substandard [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 6
2017 0
2016 14
Prior 1,118
Revolving 0
Revolving - Term 0
Total 1,138
Construction Loans [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 31,366
2019 30,661
2018 1,959
2017 895
2016 0
Prior 0
Revolving 1,997
Revolving - Term 0
Total 66,878
Construction Loans [Member] | Pass [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 31,366
2019 30,661
2018 1,959
2017 895
2016 0
Prior 0
Revolving 1,997
Revolving - Term 0
Total 66,878
Construction Loans [Member] | Special Mention [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 0
Prior 0
Revolving 0
Revolving - Term 0
Total 0
Construction Loans [Member] | Substandard [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 0
Prior 0
Revolving 0
Revolving - Term 0
Total 0
Construction and Development [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 44,077
2019 59,709
2018 12,877
2017 5,739
2016 6,723
Prior 24,738
Revolving 10,358
Revolving - Term 0
Total 164,221
Residential 1-4 family real estate personal residence [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 28,233
2019 28,490
2018 25,790
2017 20,059
2016 23,137
Prior 137,606
Revolving 0
Revolving - Term 0
Total 263,315
Residential 1-4 family real estate personal residence [Member] | Pass [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 28,233
2019 28,257
2018 25,264
2017 19,494
2016 22,875
Prior 117,412
Revolving 0
Revolving - Term 0
Total 241,535
Residential 1-4 family real estate personal residence [Member] | Special Mention [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 187
2018 63
2017 352
2016 76
Prior 12,908
Revolving 0
Revolving - Term 0
Total 13,586
Residential 1-4 family real estate personal residence [Member] | Substandard [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 46
2018 463
2017 213
2016 186
Prior 7,286
Revolving 0
Revolving - Term 0
Total 8,194
Residential 1-4 family real estate rental - small loan [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 15,286
2019 16,429
2018 12,935
2017 11,633
2016 10,827
Prior 32,851
Revolving 4,733
Revolving - Term 0
Total 104,694
Residential 1-4 family real estate rental - small loan [Member] | Pass [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 15,175
2019 15,938
2018 12,684
2017 11,630
2016 10,586
Prior 28,501
Revolving 4,570
Revolving - Term 0
Total 99,084
Residential 1-4 family real estate rental - small loan [Member] | Special Mention [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 111
2019 491
2018 251
2017 3
2016 196
Prior 1,789
Revolving 163
Revolving - Term 0
Total 3,004
Residential 1-4 family real estate rental - small loan [Member] | Substandard [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 45
Prior 2,561
Revolving 0
Revolving - Term 0
Total 2,606
Residential 1-4 family real estate rental - large loan [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 13,396
2019 7,519
2018 10,906
2017 5,423
2016 9,444
Prior 24,842
Revolving 2,306
Revolving - Term 0
Total 73,836
Residential 1-4 family real estate rental - large loan [Member] | Pass [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 13,396
2019 6,089
2018 10,906
2017 5,423
2016 8,317
Prior 21,491
Revolving 2,306
Revolving - Term 0
Total 67,928
Residential 1-4 family real estate rental - large loan [Member] | Special Mention [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 1,430
2018 0
2017 0
2016 0
Prior 33
Revolving 0
Revolving - Term 0
Total 1,463
Residential 1-4 family real estate rental - large loan [Member] | Substandard [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 1,127
Prior 3,318
Revolving 0
Revolving - Term 0
Total 4,445
Home Equity [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 131
2019 0
2018 90
2017 86
2016 266
Prior 1,951
Revolving 80,467
Revolving - Term 0
Total 82,991
Home Equity [Member] | Pass [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 131
2019 0
2018 90
2017 46
2016 266
Prior 1,434
Revolving 78,799
Revolving - Term 0
Total 80,766
Home Equity [Member] | Special Mention [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 40
2016 0
Prior 162
Revolving 1,426
Revolving - Term 0
Total 1,628
Home Equity [Member] | Substandard [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 0
Prior 355
Revolving 242
Revolving - Term 0
Total 597
Residential Portfolio Segment [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 57,046
2019 52,438
2018 49,721
2017 37,201
2016 43,674
Prior 197,250
Revolving 87,506
Revolving - Term 0
Total 524,836
Mortgage Warehouse Lines [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 0
Prior 0
Revolving 243,730
Revolving - Term 0
Total 243,730
Mortgage Warehouse Lines [Member] | Pass [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 0
Prior 0
Revolving 243,730
Revolving - Term 0
Total 243,730
Mortgage Warehouse Lines [Member] | Special Mention [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 0
Prior 0
Revolving 0
Revolving - Term 0
Total 0
Mortgage Warehouse Lines [Member] | Substandard [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 0
Prior 0
Revolving 0
Revolving - Term 0
Total 0
Consumer Portfolio Segment [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 11,408
2019 11,429
2018 5,431
2017 2,162
2016 1,572
Prior 1,746
Revolving 907
Revolving - Term 0
Total 34,655
Consumer Portfolio Segment [Member] | Pass [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 10,441
2019 10,748
2018 5,139
2017 1,977
2016 1,432
Prior 1,679
Revolving 862
Revolving - Term 0
Total 32,278
Consumer Portfolio Segment [Member] | Special Mention [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 789
2019 549
2018 270
2017 170
2016 81
Prior 62
Revolving 17
Revolving - Term 0
Total 1,938
Consumer Portfolio Segment [Member] | Substandard [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 178
2019 132
2018 22
2017 15
2016 59
Prior 5
Revolving 28
Revolving - Term 0
Total 439
Credit Card Receivable [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 1,637
2019 0
2018 0
2017 0
2016 0
Prior 0
Revolving 0
Revolving - Term 0
Total 1,637
Credit Card Receivable [Member] | Pass [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 1,637
2019 0
2018 0
2017 0
2016 0
Prior 0
Revolving 0
Revolving - Term 0
Total 1,637
Credit Card Receivable [Member] | Special Mention [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 0
Prior 0
Revolving 0
Revolving - Term 0
Total 0
Credit Card Receivable [Member] | Substandard [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 0
Prior 0
Revolving 0
Revolving - Term 0
Total 0
Bank Overdrafts [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 614
2019 0
2018 0
2017 0
2016 0
Prior 0
Revolving 0
Revolving - Term 0
Total 614
Bank Overdrafts [Member] | Pass [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 614
2019 0
2018 0
2017 0
2016 0
Prior 0
Revolving 0
Revolving - Term 0
Total 614
Bank Overdrafts [Member] | Special Mention [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 0
Prior 0
Revolving 0
Revolving - Term 0
Total 0
Bank Overdrafts [Member] | Substandard [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 0
2019 0
2018 0
2017 0
2016 0
Prior 0
Revolving 0
Revolving - Term 0
Total 0
Other Financing Receivable [Member]  
Financing Receivable, Credit Quality Indicator [Line Items]  
2020 2,251
2019 0
2018 0
2017 0
2016 0
Prior 0
Revolving 0
Revolving - Term 0
Total $ 2,251
v3.20.2
Loans and Allowance For Credit Losses Loans (Schedule of Restructured Trouble Debt Restructuring By Class) (Details)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
USD ($)
contract
Sep. 30, 2019
USD ($)
contract
Sep. 30, 2020
USD ($)
contract
Sep. 30, 2019
USD ($)
contract
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Financing Receivable, Modifications, Number of Contracts | contract 2 0 3 13
Financing Receivable, Troubled Debt Restructuring, Premodification $ 447 $ 0 $ 808 $ 1,075
Financing Receivable, Troubled Debt Restructuring, Postmodification $ 447 $ 0 $ 808 $ 1,075
Commercial real estate owner occupied other [Member]        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Financing Receivable, Modifications, Number of Contracts | contract     1 1
Financing Receivable, Troubled Debt Restructuring, Premodification     $ 361 $ 325
Financing Receivable, Troubled Debt Restructuring, Postmodification     $ 361 $ 325
Multifamily [Member]        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Financing Receivable, Modifications, Number of Contracts | contract     0 1
Financing Receivable, Troubled Debt Restructuring, Premodification     $ 0 $ 35
Financing Receivable, Troubled Debt Restructuring, Postmodification     $ 0 $ 35
Commercial real estate non-owner occupied retail [Member]        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Financing Receivable, Modifications, Number of Contracts | contract     0 2
Financing Receivable, Troubled Debt Restructuring, Premodification     $ 0 $ 162
Financing Receivable, Troubled Debt Restructuring, Postmodification     $ 0 $ 162
Commercial real estate non-owner occupied other [Member]        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Financing Receivable, Modifications, Number of Contracts | contract     0 1
Financing Receivable, Troubled Debt Restructuring, Premodification     $ 0 $ 127
Financing Receivable, Troubled Debt Restructuring, Postmodification     $ 0 $ 127
Residential 1-4 family real estate personal residence [Member]        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Financing Receivable, Modifications, Number of Contracts | contract 1 0 1 3
Financing Receivable, Troubled Debt Restructuring, Premodification $ 48 $ 0 $ 48 $ 151
Financing Receivable, Troubled Debt Restructuring, Postmodification $ 48 $ 0 $ 48 $ 151
Residential 1-4 family real estate rental - small loan [Member]        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Financing Receivable, Modifications, Number of Contracts | contract 1 0 1 4
Financing Receivable, Troubled Debt Restructuring, Premodification $ 399 $ 0 $ 399 $ 259
Financing Receivable, Troubled Debt Restructuring, Postmodification $ 399 $ 0 $ 399 $ 259
Consumer [Member]        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Financing Receivable, Modifications, Number of Contracts | contract     0 1
Financing Receivable, Troubled Debt Restructuring, Premodification     $ 0 $ 16
Financing Receivable, Troubled Debt Restructuring, Postmodification     $ 0 $ 16
v3.20.2
Loans and Allowance For Credit Losses Loans (Schedule of Defaults During Stated Period Of Trouble Debt Restructurings) (Details)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
USD ($)
contract
Sep. 30, 2019
USD ($)
contract
Sep. 30, 2020
USD ($)
contract
Sep. 30, 2019
USD ($)
contract
Financing Receivable, Impaired [Line Items]        
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | contract 2 4 2 4
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ $ 410 $ 300 $ 410 $ 300
Commercial real estate owner occupied other [Member]        
Financing Receivable, Impaired [Line Items]        
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | contract 1 0 1 0
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ $ 361 $ 0 $ 361 $ 0
Commercial real estate non-owner occupied other [Member]        
Financing Receivable, Impaired [Line Items]        
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | contract 0 1 0 1
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ $ 0 $ 126 $ 0 $ 126
Residential 1-4 family real estate personal residence [Member]        
Financing Receivable, Impaired [Line Items]        
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | contract 1 2 1 2
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ $ 49 $ 122 $ 49 $ 122
Residential 1-4 family real estate rental - small loan [Member]        
Financing Receivable, Impaired [Line Items]        
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | contract 0 1 0 1
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ $ 0 $ 52 $ 0 $ 52
v3.20.2
Loans and Allowance For Credit Losses Loans (Schedule of Purchased Credit Deteriorated Financing Receivables) (Details) - Purchased Credit Deteriorated [Member]
$ in Thousands
Jan. 01, 2020
USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Purchase Price of Purchased Credit Deteriorated Financing Receivable $ 1,877
Allowance for Credit Losses Purchased Credit Deteriorated Financing Receivables at Acquisition 410
Non Credit Discount Purchased Credit Deteriorated Financing Receivable at Acquisition 159
Par Value of Purchased Credit Deteriorated Financing Receivable at Acquisition $ 1,308
v3.20.2
Goodwill And Other Intangible Assets (Summary Of Goodwill Activity) (Details)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
USD ($)
Goodwill [Roll Forward]  
Goodwill, Transfers $ 0
Community Banking [Member]  
Goodwill [Roll Forward]  
Goodwill, beginning balance 12,658
Goodwill, Acquired During Period 25,487
Goodwill, ending balance $ 38,145
v3.20.2
Goodwill And Other Intangible Assets (Summary Of Other Intangible Assets) (Details) - Community Banking [Member] - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Goodwill [Line Items]    
Identifiable intangible assets, Gross carrying amount $ 15,569 $ 14,727
Identifiable intangible assets, Less: accumulated amortization (5,613) (4,363)
Identifiable intangible assets, Net carrying amount $ 9,956 $ 10,364
v3.20.2
Goodwill And Other Intangible Assets (Narrative) (Details) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]          
Goodwill, Impaired, Accumulated Impairment Loss         $ 0
Recorded amortization expense $ 412,000 $ 404,000 $ 1,251,000 $ 1,300,000  
v3.20.2
Goodwill And Other Intangible Assets Schedule of Amortization Expense (Details) - Core Deposits [Member]
$ in Thousands
Sep. 30, 2020
USD ($)
Schedule of Amortization of Intangibles [Line Items]  
Finite-Lived Intangible Asset, Expected Amortization, Year One $ 408
Finite-Lived Intangible Asset, Expected Amortization, Year Two 1,532
Finite-Lived Intangible Asset, Expected Amortization, Year Three 1,396
Finite-Lived Intangible Asset, Expected Amortization, Year Four 1,260
Finite-Lived Intangible Asset, Expected Amortization, Year Five 1,124
Finite-Lived Intangible Asset, Expected Amortization, after Year Five $ 4,165
v3.20.2
Borrowed Funds (Summary Of Short-Term Borrowings) (Details) - USD ($)
$ in Thousands
 9 Months Ended 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Debt Instrument [Line Items]      
Beginning Balance $ 140,145   $ 199,345 [1]
Short-term FHLB Advances [Member]      
Debt Instrument [Line Items]      
Beginning Balance 140,000 $ 206,550 199,200
Average balance outstanding for the period 126,964 196,058 193,992
Maximum balance outstanding at any month end during period $ 215,700 $ 225,200 $ 237,400
Weighted average interest rate for the period 0.79% 2.63% 2.48%
Weighted average interest rate for balances outstanding 0.36% 2.15% 1.83%
Federal Funds Purchased and Lines of Credit [Member]      
Debt Instrument [Line Items]      
Beginning Balance $ 145 $ 144 $ 145
Average balance outstanding for the period 145 564 458
Maximum balance outstanding at any month end during period $ 145 $ 144 $ 145
Weighted average interest rate for the period 0.64% 2.48% 2.43%
Weighted average interest rate for balances outstanding 0.25% 2.00% 1.75%
[1] Derived from audited consolidated financial statements
v3.20.2
Borrowed Funds (Long-term Borrowings) (Narrative) (Details) - USD ($)
 9 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Debt Disclosure [Abstract]    
Long-term borrowings $ 703,000 $ 717,000
Average interest rate paid on long-term borrowings 5.34% 5.34%
Federal Home Loan Bank Collateral Amount for Advances $ 1,250,000,000  
Debt Instrument, Basis Spread on Variable Rate 487.00%  
v3.20.2
Borrowed Funds (Subordinated Debentures Owed to Unconsolidated Subsidiary Trusts) (Narrative) (Details)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
USD ($)
trust
Sep. 30, 2019
USD ($)
Dec. 31, 2019
USD ($)
 [1]
Debt Instrument [Line Items]      
Number of statutory business trusts | trust 3    
Subordinated debentures owed to unconsolidated subsidiary trusts $ 19,589   $ 19,589
Proceeds from issuance of common stock, net of issuance costs $ 105 $ 98  
Trust preferred securities limited to tier one capital elements, net of goodwill 25.00%    
[1] Derived from audited consolidated financial statements
v3.20.2
Borrowed Funds (Summary Of The Maturities Of All Long-Term Borrowings And Subordinated Debentures) (Details) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Total $ 703 $ 717
Long-term Debt [Member]    
2020 5  
2021 20  
2022 21  
2023 22  
2024 22  
Thereafter 613  
Total 703  
Subordinated debentures owed to unconsolidated subsidiary trusts [Member]    
2020 0  
2021 0  
2022 0  
2023 0  
2024 0  
Thereafter 19,589  
Total 19,589  
Subordinated Debt    
2020 0  
2021 0  
2022 0  
2023 0  
2024 0  
Thereafter 29,336  
Total $ 29,336  
v3.20.2
Borrowed Funds (Subordinated Debentures) (Narrative) (Details)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
USD ($)
Debt Disclosure [Abstract]  
Subordinated Debt not Net of Issuance Costs $ 30,000
Debt Issuance Costs, Net $ 664
Number of Maturity Years Remaining to Qualify as Tier 2 Capital 5 years
Percent Reduction Each Year to Tier 2 Capital until Subordinated Debt Maturity Date 20.00%
Subordinated Borrowing, Interest Rate 5.00%
Debt Instrument, Basis Spread on Variable Rate 487.00%
Subordinated Debenture Term 10 years
Number of Years Subordinated Debt not Pre-Payable 5 years
v3.20.2
Share Based Compensation Share Based Compensation (Narrative) (Details) - USD ($)
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Share-based Payment Arrangement, Expense $ 80,000     $ 149,000 $ 402,000 $ 430,000  
Share-based Payment Arrangement, Expense, Tax Benefit 19,000     $ 36,000 $ 96,000 $ 103,000  
Stock Issued During Period, Shares, Restricted Stock Award, Gross   10,995 1,846       2,892
Years for Unrecognized Compensation Expense Expected to be Recognized on Nonvested Awards         1 year 10 months 13 days    
Unrecognized Compensation Expense Nonvested Awards $ 1,370,000       $ 1,370,000    
Restricted Stock Units (RSUs) [Member]              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period   4 years 2 years       3 years
Minimum [Member] | Restricted Stock Units (RSUs) [Member]              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period         3 years    
Maximum [Member] | Restricted Stock Units (RSUs) [Member]              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period         5 years    
v3.20.2
Share Based Compensation (Summary Of Activity In Stock Option Plans) (Details) - USD ($)
$ / shares in Units, $ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]    
Outstanding Options, Exercised   (17,255)
Employee Stock Option and Stock Appreciation Rights (SARs) [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value $ 349 $ 1,745
Share-based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Remaining Contractual Term 6 years 6 months 29 days 7 years 4 months 28 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number 179,375 112,989
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value $ 349 $ 1,063
Share-based Payment Arrangement, Option, Exercise Price Range, Exercisable, Weighted Average Remaining Contractual Term 5 years 6 months 7 days 5 years 7 months 2 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price $ 17.03 $ 16.32
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]    
Outstanding Options, Beginning Balance 330,703 232,091
Outstanding Options, Granted 0 138,125
Outstanding Options, Exercised 0 (31,413)
Outstanding Options, Forfeited 0 0
Outstanding Options, Expired 0 0
Outstanding Options, Ending Balance 330,703 338,803
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]    
Outstanding, Weighted-Average Exercise Price, Beginning Balance $ 20.44 $ 17.36
Outstanding, Weighted-Average Exercise Price, Granted 0 23.94
Outstanding, Weighted-Average Exercise Price, Exercised 0 11.83
Outstanding, Weighted-Average Exercise Price, Forfeited 0 0
Outstanding, Weighted-Average Exercise Price, Expired 0 0
Outstanding, Weighted-Average Exercise Price, Ending Balance $ 20.44 $ 20.56
v3.20.2
Share Based Compensation Schedule of Share-based Compensation, Restricted Stock Units Award Activity (Details) - $ / shares
 9 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period (651)  
Restricted Stock Units (RSUs) [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number 15,082 2,892
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value $ 20.45 $ 25.93
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period 12,841  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value $ 18.19  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period 0  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value $ 0  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period (651)  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value $ 25.60  
v3.20.2
Commitments And Contingencies (Details)
$ in Thousands
Sep. 30, 2020
USD ($)
Loss Contingencies [Line Items]  
Total unfunded commitments $ 530,628
Revolving Home Equity And Credit Card Lines [Member]  
Loss Contingencies [Line Items]  
Total unfunded commitments 88,214
Construction [Member]  
Loss Contingencies [Line Items]  
Total unfunded commitments 110,896
Other Loans [Member]  
Loss Contingencies [Line Items]  
Total unfunded commitments 320,318
Standby Letters Of Credit [Member]  
Loss Contingencies [Line Items]  
Total unfunded commitments $ 11,200
v3.20.2
Commitments And Contingencies Commitments and Contingencies (Narrative) (Details) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Jan. 01, 2020
Commitments and Contingencies Disclosure [Abstract]    
Impact to ACL on off-balance sheet credit exposures upon adoption of ASU 2016-13   $ 2,430
Off-Balance Sheet, Credit Loss, Liability, Credit Loss Expense (Reversal) $ 1,090  
Off-Balance Sheet, Credit Loss, Liability $ 3,520  
v3.20.2
Regulatory Matters (Summary Of Actual Capital Amounts And Ratios) (Details)
$ in Thousands
Sep. 30, 2020
USD ($)
Dec. 31, 2019
USD ($)
Summit [Member]    
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]    
CET1 (to risk weighted assets), Actual Amount $ 231,568 $ 224,679
CET1 (to risk weighted assets), Actual Ratio 0.099 0.111
Tier I Capital (to risk weighted assets), Actual Amount $ 250,568 $ 243,679
Tier I Capital (to risk weighted assets), Actual Ratio 0.107 0.121
Total Capital (to risk weighted assets), Actual Amount $ 301,774 $ 256,753
Total Capital (to risk weighted assets), Actual Ratio 0.129 0.127
Tier I Capital (to average assets), Actual Amount $ 250,568 $ 243,679
Tier I Capital (to average assets), Actual Ratio 0.087 0.105
Summit Community [Member]    
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]    
CET1 (to risk weighted assets), Actual Amount $ 276,361 $ 244,045
CET1 (to risk weighted assets), Actual Ratio 0.118 0.121
CET1 (to risk weighted assets), Minimum Required Capital, Amount $ 163,943 $ 141,183
CET1 (to risk weighted assets), Minimum Required Capital, Ratio 7.00% 7.00%
CET1 (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount $ 152,233 $ 131,099
CET1 (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio 6.50% 6.50%
Tier I Capital (to risk weighted assets), Actual Amount $ 276,361 $ 244,045
Tier I Capital (to risk weighted assets), Actual Ratio 0.118 0.121
Tier I Capital (to risk weighted assets), Minimum Required Capital, Amount $ 199,074 $ 171,437
Tier I Capital (to risk weighted assets), Minimum Required Capital, Ratio 0.085 0.085
Tier I Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount $ 187,363 $ 161,352
Tier I Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio 0.080 0.080
Total Capital (to risk weighted assets), Actual Amount $ 297,567 $ 257,119
Total Capital (to risk weighted assets), Actual Ratio 0.127 0.127
Total Capital (to risk weighted assets), Minimum Required Capital, Amount $ 246,020 $ 212,579
Total Capital (to risk weighted assets), Minimum Required Capital, Ratio 0.105 0.105
Total Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount $ 234,305 $ 202,456
Total Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio 0.100 0.100
Tier I Capital (to average assets), Actual Amount $ 276,361 $ 244,045
Tier I Capital (to average assets), Actual Ratio 0.096 0.106
Tier I Capital (to average assets), Minimum Required Capital, Amount $ 115,150 $ 92,092
Tier I Capital (to average assets), Minimum Required Capital, Ratio 0.040 0.040
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Amount $ 143,938 $ 115,116
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Ratio 0.050 0.050
v3.20.2
Derivative Financial Instruments (Narrative) (Details)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
USD ($)
contract
Derivative [Line Items]  
Document Period End Date Sep. 30, 2020
Derivative, Cap Interest Rate 0.75%
Cash Flow Hedges  
Derivative [Line Items]  
Number of forward-starting, pay-fixed/receive LIBOR interest rate swaps | contract 3
Interest Rate Swap Maturing October 18 2021  
Derivative [Line Items]  
Derivative Liability, Notional Amount $ 40,000
Notional Amount $ 40,000
Derivative, swaption interest rate 2.19%
Interest Rate Swap Maturing October 18 2023 [Member]  
Derivative [Line Items]  
Derivative Liability, Notional Amount $ 20,000
Notional Amount $ 20,000
Derivative, swaption interest rate 1.07%
Interest Rate Swap Maturing October 18 2024 [Member]  
Derivative [Line Items]  
Derivative Liability, Notional Amount $ 20,000
Notional Amount $ 20,000
Derivative, swaption interest rate 1.1055%
Fair Value Hedging  
Derivative [Line Items]  
Number of forward-starting, pay-fixed/receive LIBOR interest rate swaps | contract 2
Interest Rate Cap [Member]  
Derivative [Line Items]  
Number of forward-starting, pay-fixed/receive LIBOR interest rate swaps | contract 1
Derivative Liability, Notional Amount $ 100,000
Notional Amount 100,000
Fair Value Hedging | Commercial Real Estate [Member] | Interest Rate Swap Maturing January 15 2025  
Derivative [Line Items]  
Derivative Asset, Notional Amount $ 9,950
Derivative, swaption interest rate 4.33%
Derivative, Basis Spread on Variable Rate 2.40%
Fair Value Hedging | Commercial Real Estate [Member] | Interest Rate Swap Maturing January 15 2026  
Derivative [Line Items]  
Derivative Asset, Notional Amount $ 11,300
Derivative, swaption interest rate 4.30%
Derivative, Basis Spread on Variable Rate 2.18%
v3.20.2
Derivative Financial Instruments (Details) - USD ($)
$ in Thousands
 9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Derivative [Line Items]    
Document Period End Date Sep. 30, 2020  
Interest Rate Cap [Member]    
Derivative [Line Items]    
Derivative Liability, Notional Amount $ 100,000  
Short-term Debt [Member] | Cash Flow Hedges | Interest Rate Swap [Member]    
Derivative [Line Items]    
Derivative Liability, Notional Amount 80,000 $ 70,000
Cash Flow Hedge Derivative Instrument Assets at Fair Value 0 0
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value 1,652 679
Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net 0 0
Short-term Debt [Member] | Cash Flow Hedges | Interest Rate Cap [Member]    
Derivative [Line Items]    
Derivative Liability, Notional Amount 100,000  
Cash Flow Hedge Derivative Instrument Assets at Fair Value 4,611  
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value 0  
Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net 0  
Commercial Real Estate [Member] | Fair Value Hedges | Interest Rate Swap [Member]    
Derivative [Line Items]    
Derivative Asset, Notional Amount 18,349 18,809
Derivative Fair Value, Asset 0 0
Derivative Fair Value, Liability 1,415 309
Net Ineffectiveness Hedge Gains/(Losses) $ 0 $ 0
v3.20.2
Acquisitions Acquisitions (Narrative) (Details) - USD ($)
$ / shares in Units, $ in Thousands
Sep. 28, 2020
Apr. 24, 2020
Jan. 01, 2020
Sep. 17, 2019
Sep. 30, 2020
Dec. 31, 2019
Business Acquisition [Line Items]            
Assets         $ 2,946,862 $ 2,403,492 [1]
Cornerstone Financial Services Inc. [Member]            
Business Acquisition [Line Items]            
Business Acquisition, Percentage of Voting Interests Acquired     100.00%      
Business Acquisition, Share Price       $ 5,700.00    
Business Acquisition, Share Price, Number Of Shares     570,000 228    
Business Acquisition Combination of Equity and Cash, Cash       50.00%    
Business Acquisition Combination of Equity and Cash, Common Stock       50.00%    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets     $ 195,029     195,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities     176,313     $ 176,000
Goodwill     10,820      
MVB [Member]            
Business Acquisition [Line Items]            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets   $ 38,417        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities   188,236        
Goodwill   14,670        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits   195,000        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans   35,300        
Purchase Price   $ 50,300        
Number of days of average daily closing balance of deposits prior to closing   30 days        
Percent multiplier used to calculate purchase price   8.00%        
As Recorded By Summit [Member]            
Business Acquisition [Line Items]            
Business Combination, Consideration Transferred   $ 12,965 29,691      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets   37,315 195,414      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities   188,834 176,545      
Goodwill   14,665 10,822      
Winfirst [Member]            
Business Acquisition [Line Items]            
Assets         $ 146,000  
Stock Consideration [Member] | Cornerstone Financial Services Inc. [Member]            
Business Acquisition [Line Items]            
Business Combination, Consideration Transferred     15,400      
Stock Consideration [Member] | As Recorded By Summit [Member]            
Business Acquisition [Line Items]            
Business Combination, Consideration Transferred     15,441      
Cash Consideration [Member] | Cornerstone Financial Services Inc. [Member]            
Business Acquisition [Line Items]            
Business Combination, Consideration Transferred     14,300      
Cash Consideration [Member] | As Recorded By Summit [Member]            
Business Acquisition [Line Items]            
Business Combination, Consideration Transferred   $ 12,965 $ 14,250      
Cash Consideration [Member] | Winfirst [Member]            
Business Acquisition [Line Items]            
Business Combination, Consideration Transferred $ 21,700          
Core Deposits [Member] | Cornerstone Financial Services Inc. [Member]            
Business Acquisition [Line Items]            
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life     10 years      
Core Deposits [Member] | MVB [Member]            
Business Acquisition [Line Items]            
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life   10 years        
[1] Derived from audited consolidated financial statements
v3.20.2
Acquisitions Schedule of Consideration Paid, Assets Acquired and Liabilities Assumed in Acquisition (Details) - USD ($)
$ in Thousands
Apr. 24, 2020
Jan. 01, 2020
Dec. 31, 2019
As Recorded By Summit [Member]      
Business Acquisition [Line Items]      
Business Combination, Consideration Transferred $ 12,965 $ 29,691  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Cash and Cash Equivalents 0 0  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents 800 60,284  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Securities Available for Sale   (47)  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities   90,028  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Purchased Performing Loans (1,185) 188  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Purchased Performing Loans 33,942 38,153  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Purchased Credit Impaired Loans   (569)  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Purchased Credit Impaired Loans   1,308  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Allowance For Loan Losses   312  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets, Allowance For Loan Losses   0  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Property, Plant, And Equipment (42) (142)  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment 2,334 664  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Property Held-For-Sale   0  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property Held-For-Sale   10  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Intangibles 125 717  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles 125 717  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Other Assets 0 (74)  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets 114 4,250  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Assets (1,102) 385  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets 37,315 195,414  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Deposits 598 239  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits 188,732 173,266  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Other Liabilities 0 (7)  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other 102 3,279  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Liabilities 598 232  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities 188,834 176,545  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Assets (Liabilities), Net (1,700) 153  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net (151,519) 18,869  
Net Cash Received in Business Acquisition 136,854    
Goodwill 14,665 10,822  
Cornerstone Financial Services Inc. [Member]      
Business Acquisition [Line Items]      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents   60,284  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities   90,075  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Purchased Performing Loans   37,965  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Purchased Credit Impaired Loans   1,877  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets, Allowance For Loan Losses   (312)  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment   806  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property Held-For-Sale   10  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles   0  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets   4,324  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets   195,029 $ 195,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits   173,027  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other   3,286  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities   176,313 $ 176,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net   18,716  
Goodwill   10,820  
MVB [Member]      
Business Acquisition [Line Items]      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents 800    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Purchased Performing Loans 35,127    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment 2,376    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles 0    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets 114    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets 38,417    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits 188,134    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other 102    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities 188,236    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net (149,819)    
Goodwill 14,670    
Cash Consideration [Member] | As Recorded By Summit [Member]      
Business Acquisition [Line Items]      
Business Combination, Consideration Transferred $ 12,965 14,250  
Cash Consideration [Member] | Cornerstone Financial Services Inc. [Member]      
Business Acquisition [Line Items]      
Business Combination, Consideration Transferred   14,300  
Stock Consideration [Member] | As Recorded By Summit [Member]      
Business Acquisition [Line Items]      
Business Combination, Consideration Transferred   15,441  
Stock Consideration [Member] | Cornerstone Financial Services Inc. [Member]      
Business Acquisition [Line Items]      
Business Combination, Consideration Transferred   $ 15,400  
v3.20.2
Acquisitions Financial Effects of Purchase Accounting Adjustments (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Business Acquisition [Line Items]        
Interest and Fees on Loans $ 161 $ 137 $ 680 $ 604
Interest Expense on Deposits 175 77 461 247
Amortization of Intangibles (412) (404) (1,251) (1,234)
Income Before Income Tax Expense $ (76) $ (190) $ (110) $ (383)
v3.20.2
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Jun. 30, 2020
Dec. 31, 2019
Jun. 30, 2019
Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Stockholders' Equity Attributable to Parent $ 271,963 $ 242,422 $ 271,963 $ 242,422 $ 263,431 $ 247,764 [1] $ 235,701 $ 219,830
Other Comprehensive Income (Loss), Net of Tax 868 1,625 1,655 4,862        
Accumulated Pension Plan Adjustment Net Unamortized Gain Loss [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Stockholders' Equity Attributable to Parent (140) (328) (140) (328) (140) (140) (328) 0
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 0 0 0 (328)        
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax 0 0 0 0        
Other Comprehensive Income (Loss), Net of Tax 0 0 0 (328)        
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Stockholders' Equity Attributable to Parent 48 139 48 139 48 48 139 139
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 0 0 0 0        
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax 0 0 0 0        
Other Comprehensive Income (Loss), Net of Tax 0 0 0 0        
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Stockholders' Equity Attributable to Parent (1,995) (684) (1,995) (684) (2,417) (518) (737) (314)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 422 53 (1,477) (370)        
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax 0 0 0 0        
Other Comprehensive Income (Loss), Net of Tax 422 53 (1,477) (370)        
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Stockholders' Equity Attributable to Parent 6,277 4,719 6,277 4,719 5,831 3,145 3,147 (841)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 1,603 1,916 5,078 6,727        
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax (1,157) (344) (1,946) (1,167)        
Other Comprehensive Income (Loss), Net of Tax 446 1,572 3,132 5,560        
Accumulated Other Comprehensive Income [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Stockholders' Equity Attributable to Parent 4,190 3,846 4,190 3,846 $ 3,322 $ 2,535 $ 2,221 $ (1,016)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 2,025 1,969 3,601 6,029        
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax (1,157) (344) (1,946) (1,167)        
Other Comprehensive Income (Loss), Net of Tax $ 868 $ 1,625 $ 1,655 $ 4,862        
[1] Derived from audited consolidated financial statements
v3.20.2
Income Taxes Income Taxes (Narrative) (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Tax Disclosure [Abstract]        
Income tax expense $ 2,594 $ 1,812 $ 5,302 $ 5,293
Effective Income Tax Rate Reconciliation, Percent 21.20% 18.40% 20.10% 18.20%
v3.20.2
Income Taxes Income Taxes (Reconciliation Statutory Income Tax Rates) (Details)
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Effective Income Tax Rate Reconciliation, Percent [Abstract]        
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 21.00% 21.00% 21.00% 21.00%
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Percent (1.90%) (1.60%) (2.20%) (2.00%)
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent 1.90% 1.90% 1.60% 1.80%
Effective Income Tax Rate Reconciliation, Low-Income Housing and Rehabilitation, Percent (0.10%) (0.50%) (0.60%) (0.60%)
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent 0.30% (2.40%) 0.30% (2.00%)
Effective Income Tax Rate Reconciliation, Percent 21.20% 18.40% 20.10% 18.20%
v3.20.2
Income Taxes Income Taxes (Schedule of Components of Applicable Income Tax Expense (Benefit) (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Current Income Tax Expense (Benefit), Continuing Operations [Abstract]        
Current Federal Tax Expense (Benefit) $ 2,697 $ 1,666 $ 7,689 $ 4,913
Current State and Local Tax Expense (Benefit) 372 246 1,072 716
Current Income Tax Expense (Benefit) 3,069 1,912 8,761 5,629
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract]        
Deferred Federal Income Tax Expense (Benefit) (416) (88) (3,025) (294)
Deferred State and Local Income Tax Expense (Benefit) (59) (12) (434) (42)
Deferred Income Tax Expense (Benefit) (475) (100) (3,459) (336)
Income Tax Expense (Benefit) $ 2,594 $ 1,812 $ 5,302 $ 5,293
v3.20.2
Revenue Recognition Revenue from Contracts with Customers (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue from Contracts with Customers [Line Items]        
Insurance commissions $ 44 $ 40 $ 75 $ 1,821
Noninterest Income, Other Operating Income 69 74 292 235
Non-interest income within the scope of other ASC topics 3,097 785 5,530 4,577
Noninterest Income 6,207 3,759 14,307 14,799
Revenue in Scope ASC 606 [Member]        
Revenue from Contracts with Customers [Line Items]        
Insurance commissions 44 40 75 1,821
Noninterest Income, Other Operating Income 69 66 292 224
Total Revenue in ASC 606 3,110 2,974 8,777 10,222
Deposit Account [Member]        
Revenue from Contracts with Customers [Line Items]        
Revenue from Contract with Customer, Including Assessed Tax 1,138 1,312 3,283 3,716
Deposit Account [Member] | Revenue in Scope ASC 606 [Member]        
Revenue from Contracts with Customers [Line Items]        
Revenue from Contract with Customer, Including Assessed Tax 1,138 1,312 3,283 3,716
Credit and Debit Card [Member]        
Revenue from Contracts with Customers [Line Items]        
Revenue from Contract with Customer, Including Assessed Tax 1,237 924 3,257 2,631
Credit and Debit Card [Member] | Revenue in Scope ASC 606 [Member]        
Revenue from Contracts with Customers [Line Items]        
Revenue from Contract with Customer, Including Assessed Tax 1,237 924 3,257 2,631
Fiduciary and Trust [Member]        
Revenue from Contracts with Customers [Line Items]        
Revenue from Contract with Customer, Including Assessed Tax 622 632 1,870 1,830
Fiduciary and Trust [Member] | Revenue in Scope ASC 606 [Member]        
Revenue from Contracts with Customers [Line Items]        
Revenue from Contract with Customer, Including Assessed Tax $ 622 $ 632 $ 1,870 $ 1,830
v3.20.2
Label Element Value
Gain (Loss) on Disposition of Business us-gaap_GainLossOnSaleOfBusiness $ 0
Gain (Loss) on Disposition of Business us-gaap_GainLossOnSaleOfBusiness $ 0