0000708781 2018-12-31 0000708781 us-gaap:ParentMember 2018-12-31 0000708781 2019-12-31 0000708781 us-gaap:ParentMember 2019-12-31 0000708781 2016-12-31 0000708781 2017-12-31 0000708781 srt:ParentCompanyMember 2016-12-31 0000708781 srt:ParentCompanyMember 2017-12-31 0000708781 srt:ParentCompanyMember 2018-12-31 0000708781 srt:ParentCompanyMember 2019-12-31 0000708781 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-12-31 0000708781 us-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember 2019-12-31 0000708781 us-gaap:CertificatesOfDepositMember 2019-12-31 0000708781 us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000708781 us-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember 2018-12-31 0000708781 us-gaap:CertificatesOfDepositMember 2018-12-31 0000708781 cass:CommercialAndIndustrialLoanMember 2017-12-31 0000708781 cass:RealEstateCommercialMortgageMember 2017-12-31 0000708781 cass:RealEstateCommercialConstructionLoanMember 2017-12-31 0000708781 cass:IndustrialRevenueBondsMember 2017-12-31 0000708781 cass:OtherFinancingReceivableMember 2017-12-31 0000708781 cass:CommercialAndIndustrialLoanMember 2018-12-31 0000708781 cass:RealEstateCommercialMortgageMember 2018-12-31 0000708781 cass:RealEstateCommercialConstructionLoanMember 2018-12-31 0000708781 cass:IndustrialRevenueBondsMember 2018-12-31 0000708781 cass:OtherFinancingReceivableMember 2018-12-31 0000708781 cass:RealEstateFaithBasedRelatedMortgageMember 2018-12-31 0000708781 cass:RealEstateFaithBasedRelatedMortgageMember 2017-12-31 0000708781 cass:RealEstateFaithBasedConstructionLoanMember 2017-12-31 0000708781 cass:RealEstateFaithBasedConstructionLoanMember 2018-12-31 0000708781 cass:CommercialAndIndustrialLoanMember 2019-12-31 0000708781 cass:RealEstateCommercialMortgageMember 2019-12-31 0000708781 cass:RealEstateCommercialConstructionLoanMember 2019-12-31 0000708781 cass:RealEstateFaithBasedRelatedMortgageMember 2019-12-31 0000708781 cass:RealEstateFaithBasedConstructionLoanMember 2019-12-31 0000708781 cass:OtherFinancingReceivableMember 2019-12-31 0000708781 cass:InformationServicesMember 2019-12-31 0000708781 cass:BankingServicesMember 2019-12-31 0000708781 cass:CorporateEliminationsAndOtherMember 2019-12-31 0000708781 cass:InformationServicesMember 2017-12-31 0000708781 cass:BankingServicesMember 2017-12-31 0000708781 cass:CorporateEliminationsAndOtherMember 2017-12-31 0000708781 cass:InformationServicesMember 2018-12-31 0000708781 cass:BankingServicesMember 2018-12-31 0000708781 cass:CorporateEliminationsAndOtherMember 2018-12-31 0000708781 us-gaap:CommonStockMember 2016-12-31 0000708781 us-gaap:AdditionalPaidInCapitalMember 2016-12-31 0000708781 us-gaap:RetainedEarningsMember 2016-12-31 0000708781 us-gaap:TreasuryStockMember 2016-12-31 0000708781 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-12-31 0000708781 us-gaap:CommonStockMember 2017-12-31 0000708781 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000708781 us-gaap:RetainedEarningsMember 2017-12-31 0000708781 us-gaap:TreasuryStockMember 2017-12-31 0000708781 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000708781 us-gaap:CommonStockMember 2018-12-31 0000708781 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000708781 us-gaap:RetainedEarningsMember 2018-12-31 0000708781 us-gaap:TreasuryStockMember 2018-12-31 0000708781 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000708781 us-gaap:CommonStockMember 2019-12-31 0000708781 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0000708781 us-gaap:RetainedEarningsMember 2019-12-31 0000708781 us-gaap:TreasuryStockMember 2019-12-31 0000708781 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-12-31 0000708781 cass:CommercialAndIndustrialLoanMember 2019-12-31 0000708781 cass:RealEstateCommercialMortgageMember 2019-12-31 0000708781 cass:RealEstateCommercialConstructionLoanMember 2019-12-31 0000708781 cass:OtherLoanMember 2019-12-31 0000708781 cass:LoansSubjectToNormalMonitoringMember 2019-12-31 0000708781 cass:PerformingLoansSubjectToSpecialMonitoringMember 2019-12-31 0000708781 cass:NonperformingLoansSubjectToSpecialMonitoringMember 2019-12-31 0000708781 cass:LoansSubjectToNormalMonitoringMember cass:CommercialAndIndustrialLoanMember 2019-12-31 0000708781 cass:PerformingLoansSubjectToSpecialMonitoringMember cass:CommercialAndIndustrialLoanMember 2019-12-31 0000708781 cass:NonperformingLoansSubjectToSpecialMonitoringMember cass:CommercialAndIndustrialLoanMember 2019-12-31 0000708781 cass:LoansSubjectToNormalMonitoringMember cass:RealEstateCommercialMortgageMember 2019-12-31 0000708781 cass:PerformingLoansSubjectToSpecialMonitoringMember cass:RealEstateCommercialMortgageMember 2019-12-31 0000708781 cass:NonperformingLoansSubjectToSpecialMonitoringMember cass:RealEstateCommercialMortgageMember 2019-12-31 0000708781 cass:LoansSubjectToNormalMonitoringMember cass:RealEstateCommercialConstructionLoanMember 2019-12-31 0000708781 cass:PerformingLoansSubjectToSpecialMonitoringMember cass:RealEstateChurchRelatedConstructionLoanMember 2019-12-31 0000708781 cass:NonperformingLoansSubjectToSpecialMonitoringMember cass:RealEstateCommercialConstructionLoanMember 2019-12-31 0000708781 cass:LoansSubjectToNormalMonitoringMember cass:RealEstateFaithBasedRelatedMortgageMember 2019-12-31 0000708781 cass:PerformingLoansSubjectToSpecialMonitoringMember cass:RealEstateFaithBasedRelatedMortgageMember 2019-12-31 0000708781 cass:NonperformingLoansSubjectToSpecialMonitoringMember cass:RealEstateFaithBasedRelatedMortgageMember 2019-12-31 0000708781 cass:LoansSubjectToNormalMonitoringMember cass:RealEstateFaithBasedConstructionLoanMember 2019-12-31 0000708781 cass:PerformingLoansSubjectToSpecialMonitoringMember cass:RealEstateFaithBasedConstructionLoanMember 2019-12-31 0000708781 cass:NonperformingLoansSubjectToSpecialMonitoringMember cass:RealEstateFaithBasedConstructionLoanMember 2019-12-31 0000708781 cass:LoansSubjectToNormalMonitoringMember cass:OtherFinancingReceivableMember 2019-12-31 0000708781 cass:NonperformingLoansSubjectToSpecialMonitoringMember cass:OtherFinancingReceivableMember 2019-12-31 0000708781 cass:PerformingLoansSubjectToSpecialMonitoringMember cass:OtherFinancingReceivableMember 2019-12-31 0000708781 cass:CommercialAndIndustrialLoanMember 2018-12-31 0000708781 cass:RealEstateCommercialMortgageMember 2018-12-31 0000708781 cass:RealEstateCommercialConstructionLoanMember 2018-12-31 0000708781 cass:RealEstateFaithBasedRelatedMortgageMember 2018-12-31 0000708781 cass:RealEstateFaithBasedConstructionLoanMember 2018-12-31 0000708781 cass:OtherLoanMember 2018-12-31 0000708781 cass:LoansSubjectToNormalMonitoringMember 2018-12-31 0000708781 cass:PerformingLoansSubjectToSpecialMonitoringMember 2018-12-31 0000708781 cass:NonperformingLoansSubjectToSpecialMonitoringMember 2018-12-31 0000708781 cass:LoansSubjectToNormalMonitoringMember cass:CommercialAndIndustrialLoanMember 2018-12-31 0000708781 cass:PerformingLoansSubjectToSpecialMonitoringMember cass:CommercialAndIndustrialLoanMember 2018-12-31 0000708781 cass:NonperformingLoansSubjectToSpecialMonitoringMember cass:CommercialAndIndustrialLoanMember 2018-12-31 0000708781 cass:LoansSubjectToNormalMonitoringMember cass:RealEstateCommercialMortgageMember 2018-12-31 0000708781 cass:PerformingLoansSubjectToSpecialMonitoringMember cass:RealEstateCommercialMortgageMember 2018-12-31 0000708781 cass:NonperformingLoansSubjectToSpecialMonitoringMember cass:RealEstateCommercialMortgageMember 2018-12-31 0000708781 cass:LoansSubjectToNormalMonitoringMember cass:RealEstateCommercialConstructionLoanMember 2018-12-31 0000708781 cass:PerformingLoansSubjectToSpecialMonitoringMember cass:RealEstateChurchRelatedConstructionLoanMember 2018-12-31 0000708781 cass:NonperformingLoansSubjectToSpecialMonitoringMember cass:RealEstateCommercialConstructionLoanMember 2018-12-31 0000708781 cass:LoansSubjectToNormalMonitoringMember cass:RealEstateFaithBasedRelatedMortgageMember 2018-12-31 0000708781 cass:PerformingLoansSubjectToSpecialMonitoringMember cass:RealEstateFaithBasedRelatedMortgageMember 2018-12-31 0000708781 cass:NonperformingLoansSubjectToSpecialMonitoringMember cass:RealEstateFaithBasedRelatedMortgageMember 2018-12-31 0000708781 cass:LoansSubjectToNormalMonitoringMember cass:RealEstateFaithBasedConstructionLoanMember 2018-12-31 0000708781 cass:PerformingLoansSubjectToSpecialMonitoringMember cass:RealEstateFaithBasedConstructionLoanMember 2018-12-31 0000708781 cass:NonperformingLoansSubjectToSpecialMonitoringMember cass:RealEstateFaithBasedConstructionLoanMember 2018-12-31 0000708781 cass:LoansSubjectToNormalMonitoringMember cass:OtherFinancingReceivableMember 2018-12-31 0000708781 cass:NonperformingLoansSubjectToSpecialMonitoringMember cass:OtherFinancingReceivableMember 2018-12-31 0000708781 cass:PerformingLoansSubjectToSpecialMonitoringMember cass:OtherFinancingReceivableMember 2018-12-31 0000708781 cass:RealEstateFaithBasedRelatedMortgageMember 2019-12-31 0000708781 cass:RealEstateFaithBasedConstructionLoanMember 2019-12-31 0000708781 us-gaap:LandMember 2019-12-31 0000708781 us-gaap:BuildingMember 2019-12-31 0000708781 us-gaap:LeaseholdsAndLeaseholdImprovementsMember 2019-12-31 0000708781 us-gaap:FurnitureAndFixturesMember 2019-12-31 0000708781 us-gaap:ComputerSoftwareIntangibleAssetMember 2019-12-31 0000708781 cass:InternallyDevelopedSoftwareMember 2019-12-31 0000708781 us-gaap:LandMember 2018-12-31 0000708781 us-gaap:BuildingMember 2018-12-31 0000708781 us-gaap:LeaseholdsAndLeaseholdImprovementsMember 2018-12-31 0000708781 us-gaap:FurnitureAndFixturesMember 2018-12-31 0000708781 us-gaap:ComputerSoftwareIntangibleAssetMember 2018-12-31 0000708781 cass:InternallyDevelopedSoftwareMember 2018-12-31 0000708781 us-gaap:CustomerListsMember 2019-12-31 0000708781 us-gaap:PatentsMember 2019-12-31 0000708781 us-gaap:OtherIntangibleAssetsMember 2019-12-31 0000708781 us-gaap:NoncompeteAgreementsMember 2019-12-31 0000708781 us-gaap:CustomerListsMember 2018-12-31 0000708781 us-gaap:NoncompeteAgreementsMember 2018-12-31 0000708781 us-gaap:PatentsMember 2018-12-31 0000708781 us-gaap:ComputerSoftwareIntangibleAssetMember 2018-12-31 0000708781 us-gaap:OtherIntangibleAssetsMember 2018-12-31 0000708781 us-gaap:ComputerSoftwareIntangibleAssetMember 2019-12-31 0000708781 us-gaap:TradeNamesMember 2019-12-31 0000708781 us-gaap:TradeNamesMember 2018-12-31 0000708781 cass:SupplementalExecutiveRetirementPlanMember 2017-12-31 0000708781 cass:SupplementalExecutiveRetirementPlanMember 2018-12-31 0000708781 cass:SupplementalExecutiveRetirementPlanMember 2019-12-31 0000708781 us-gaap:CashAndCashEquivalentsMember 2019-12-31 0000708781 cass:UnitedStatesSmallAndMidCapGrowthMember 2019-12-31 0000708781 cass:NonUnitedStatesCoreMember 2019-12-31 0000708781 cass:UnitedStatesLargeCapPassiveMember 2019-12-31 0000708781 cass:EmergingMarketsMember 2019-12-31 0000708781 cass:UnitedStatesCoreOpportunisticMember 2019-12-31 0000708781 cass:UnitedStatesPassiveMember 2019-12-31 0000708781 cass:OpportunisticMember 2019-12-31 0000708781 us-gaap:FairValueInputsLevel1Member 2019-12-31 0000708781 us-gaap:CashAndCashEquivalentsMember us-gaap:FairValueInputsLevel1Member 2019-12-31 0000708781 cass:UnitedStatesSmallAndMidCapGrowthMember us-gaap:FairValueInputsLevel1Member 2019-12-31 0000708781 cass:NonUnitedStatesCoreMember us-gaap:FairValueInputsLevel1Member 2019-12-31 0000708781 cass:UnitedStatesLargeCapPassiveMember us-gaap:FairValueInputsLevel1Member 2019-12-31 0000708781 cass:EmergingMarketsMember us-gaap:FairValueInputsLevel1Member 2019-12-31 0000708781 cass:UnitedStatesCoreOpportunisticMember us-gaap:FairValueInputsLevel1Member 2019-12-31 0000708781 cass:UnitedStatesPassiveMember us-gaap:FairValueInputsLevel1Member 2019-12-31 0000708781 cass:OpportunisticMember us-gaap:FairValueInputsLevel1Member 2019-12-31 0000708781 us-gaap:FairValueInputsLevel2Member 2019-12-31 0000708781 us-gaap:CashAndCashEquivalentsMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000708781 cass:UnitedStatesSmallAndMidCapGrowthMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000708781 cass:NonUnitedStatesCoreMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000708781 cass:UnitedStatesLargeCapPassiveMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000708781 cass:EmergingMarketsMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000708781 cass:UnitedStatesCoreOpportunisticMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000708781 cass:UnitedStatesPassiveMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000708781 cass:OpportunisticMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000708781 us-gaap:CashAndCashEquivalentsMember 2018-12-31 0000708781 cass:UnitedStatesSmallAndMidCapGrowthMember 2018-12-31 0000708781 cass:NonUnitedStatesCoreMember 2018-12-31 0000708781 cass:UnitedStatesLargeCapPassiveMember 2018-12-31 0000708781 cass:EmergingMarketsMember 2018-12-31 0000708781 cass:UnitedStatesCoreOpportunisticMember 2018-12-31 0000708781 cass:UnitedStatesPassiveMember 2018-12-31 0000708781 cass:OpportunisticMember 2018-12-31 0000708781 us-gaap:FairValueInputsLevel1Member 2018-12-31 0000708781 us-gaap:CashAndCashEquivalentsMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0000708781 cass:UnitedStatesSmallAndMidCapGrowthMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0000708781 cass:NonUnitedStatesCoreMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0000708781 cass:UnitedStatesLargeCapPassiveMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0000708781 cass:EmergingMarketsMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0000708781 cass:UnitedStatesCoreOpportunisticMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0000708781 cass:UnitedStatesPassiveMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0000708781 cass:OpportunisticMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0000708781 us-gaap:FairValueInputsLevel2Member 2018-12-31 0000708781 us-gaap:CashAndCashEquivalentsMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0000708781 cass:UnitedStatesSmallAndMidCapGrowthMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0000708781 cass:NonUnitedStatesCoreMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0000708781 cass:UnitedStatesLargeCapPassiveMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0000708781 cass:EmergingMarketsMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0000708781 cass:UnitedStatesCoreOpportunisticMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0000708781 cass:UnitedStatesPassiveMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0000708781 cass:OpportunisticMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0000708781 us-gaap:PensionPlansDefinedBenefitMember 2017-12-31 0000708781 us-gaap:PensionPlansDefinedBenefitMember 2018-12-31 0000708781 us-gaap:PensionPlansDefinedBenefitMember 2019-12-31 0000708781 2017-01-01 2017-12-31 0000708781 2018-01-01 2018-12-31 0000708781 2019-01-01 2019-12-31 0000708781 srt:ParentCompanyMember 2017-01-01 2017-12-31 0000708781 srt:ParentCompanyMember 2018-01-01 2018-12-31 0000708781 2018-01-01 2018-03-31 0000708781 2018-04-01 2018-06-30 0000708781 2018-07-01 2018-09-30 0000708781 2018-10-01 2018-12-31 0000708781 srt:ParentCompanyMember 2019-01-01 2019-12-31 0000708781 2019-01-01 2019-03-31 0000708781 2019-04-01 2019-06-30 0000708781 2019-07-01 2019-09-30 0000708781 2019-10-01 2019-12-31 0000708781 us-gaap:RetainedEarningsMember 2017-01-01 2017-12-31 0000708781 us-gaap:RetainedEarningsMember 2018-01-01 2018-12-31 0000708781 us-gaap:RetainedEarningsMember 2019-01-01 2019-12-31 0000708781 us-gaap:PensionPlansDefinedBenefitMember 2017-01-01 2017-12-31 0000708781 cass:SupplementalExecutiveRetirementPlanMember 2017-01-01 2017-12-31 0000708781 cass:SupplementalExecutiveRetirementPlanMember 2018-01-01 2018-12-31 0000708781 us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-12-31 0000708781 cass:SupplementalExecutiveRetirementPlanMember 2019-01-01 2019-12-31 0000708781 us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-12-31 0000708781 cass:InformationServicesMember 2019-01-01 2019-12-31 0000708781 cass:BankingServicesMember 2019-01-01 2019-12-31 0000708781 cass:CorporateEliminationsAndOtherMember 2019-01-01 2019-12-31 0000708781 cass:InformationServicesMember 2017-01-01 2017-12-31 0000708781 cass:BankingServicesMember 2017-01-01 2017-12-31 0000708781 cass:CorporateEliminationsAndOtherMember 2017-01-01 2017-12-31 0000708781 cass:InformationServicesMember 2018-01-01 2018-12-31 0000708781 cass:BankingServicesMember 2018-01-01 2018-12-31 0000708781 cass:CorporateEliminationsAndOtherMember 2018-01-01 2018-12-31 0000708781 cass:CommercialAndIndustrialLoanMember 2019-01-01 2019-12-31 0000708781 cass:RealEstateCommercialMortgageMember 2019-01-01 2019-12-31 0000708781 cass:RealEstateCommercialConstructionLoanMember 2019-01-01 2019-12-31 0000708781 cass:CommercialAndIndustrialLoanMember 2018-01-01 2018-12-31 0000708781 cass:RealEstateCommercialMortgageMember 2018-01-01 2018-12-31 0000708781 cass:RealEstateCommercialConstructionLoanMember 2018-01-01 2018-12-31 0000708781 cass:IndustrialRevenueBondsMember 2018-01-01 2018-12-31 0000708781 cass:OtherFinancingReceivableMember 2018-01-01 2018-12-31 0000708781 cass:RealEstateFaithBasedRelatedMortgageMember 2019-01-01 2019-12-31 0000708781 cass:RealEstateFaithBasedRelatedMortgageMember 2018-01-01 2018-12-31 0000708781 cass:RealEstateFaithBasedConstructionLoanMember 2019-01-01 2019-12-31 0000708781 cass:RealEstateFaithBasedConstructionLoanMember 2018-01-01 2018-12-31 0000708781 cass:OtherFinancingReceivableMember 2019-01-01 2019-12-31 0000708781 srt:MaximumMember us-gaap:BuildingMember 2019-01-01 2019-12-31 0000708781 srt:MinimumMember us-gaap:LeaseholdImprovementsMember 2019-01-01 2019-12-31 0000708781 srt:MinimumMember us-gaap:PropertyPlantAndEquipmentOtherTypesMember 2019-01-01 2019-12-31 0000708781 srt:MaximumMember us-gaap:PropertyPlantAndEquipmentOtherTypesMember 2019-01-01 2019-12-31 0000708781 cass:CassInformationSystemsIncMember 2018-12-31 0000708781 cass:CassCommercialBankMember 2018-12-31 0000708781 cass:CassInformationSystemsIncMember 2019-12-31 0000708781 cass:CassCommercialBankMember 2019-12-31 0000708781 us-gaap:FixedIncomeFundsMember 2019-01-01 2019-12-31 0000708781 cass:EquitySecuritiesLargeCapMember 2019-01-01 2019-12-31 0000708781 cass:EquitySecuritiesSmallCapMember 2019-01-01 2019-12-31 0000708781 cass:ForeignEquitySecuritiesDevelopedMember 2019-01-01 2019-12-31 0000708781 cass:ForeignEquitySecuritiesEmergingMember 2019-01-01 2019-12-31 0000708781 srt:MinimumMember us-gaap:CustomerListsMember 2019-01-01 2019-12-31 0000708781 srt:MaximumMember us-gaap:CustomerListsMember 2019-01-01 2019-12-31 0000708781 us-gaap:PatentsMember 2019-01-01 2019-12-31 0000708781 srt:MinimumMember us-gaap:NoncompeteAgreementsMember 2019-01-01 2019-12-31 0000708781 srt:MaximumMember us-gaap:NoncompeteAgreementsMember 2019-01-01 2019-12-31 0000708781 us-gaap:OtherIntangibleAssetsMember 2019-01-01 2019-12-31 0000708781 us-gaap:TradeNamesMember 2019-01-01 2019-12-31 0000708781 us-gaap:GoodwillMember 2019-01-01 2019-09-30 0000708781 srt:MinimumMember us-gaap:ComputerSoftwareIntangibleAssetMember 2019-01-01 2019-12-31 0000708781 srt:MaximumMember us-gaap:ComputerSoftwareIntangibleAssetMember 2019-01-01 2019-12-31 0000708781 us-gaap:FinancingReceivables1To29DaysPastDueMember 2018-12-31 0000708781 cass:CommercialAndIndustrialLoanMember us-gaap:FinancingReceivables1To29DaysPastDueMember 2018-12-31 0000708781 cass:RealEstateCommercialMortgageMember us-gaap:FinancingReceivables1To29DaysPastDueMember 2018-12-31 0000708781 cass:RealEstateCommercialConstructionLoanMember us-gaap:FinancingReceivables1To29DaysPastDueMember 2018-12-31 0000708781 cass:RealEstateFaithBasedRelatedMortgageMember us-gaap:FinancingReceivables1To29DaysPastDueMember 2018-12-31 0000708781 cass:RealEstateFaithBasedConstructionLoanMember us-gaap:FinancingReceivables1To29DaysPastDueMember 2018-12-31 0000708781 cass:OtherFinancingReceivableMember us-gaap:FinancingReceivables1To29DaysPastDueMember 2018-12-31 0000708781 us-gaap:FinancingReceivables30To59DaysPastDueMember 2018-12-31 0000708781 cass:CommercialAndIndustrialLoanMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2018-12-31 0000708781 cass:RealEstateCommercialMortgageMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2018-12-31 0000708781 cass:RealEstateCommercialConstructionLoanMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2018-12-31 0000708781 cass:RealEstateFaithBasedRelatedMortgageMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2018-12-31 0000708781 cass:RealEstateFaithBasedConstructionLoanMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2018-12-31 0000708781 cass:OtherFinancingReceivableMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2018-12-31 0000708781 us-gaap:FinancingReceivables60To89DaysPastDueMember 2018-12-31 0000708781 cass:CommercialAndIndustrialLoanMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2018-12-31 0000708781 cass:RealEstateCommercialMortgageMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2018-12-31 0000708781 cass:RealEstateCommercialConstructionLoanMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2018-12-31 0000708781 cass:RealEstateFaithBasedRelatedMortgageMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2018-12-31 0000708781 cass:RealEstateFaithBasedConstructionLoanMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2018-12-31 0000708781 cass:OtherFinancingReceivableMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2018-12-31 0000708781 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2018-12-31 0000708781 cass:CommercialAndIndustrialLoanMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2018-12-31 0000708781 cass:RealEstateCommercialMortgageMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2018-12-31 0000708781 cass:RealEstateCommercialConstructionLoanMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2018-12-31 0000708781 cass:RealEstateFaithBasedRelatedMortgageMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2018-12-31 0000708781 cass:RealEstateFaithBasedConstructionLoanMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2018-12-31 0000708781 cass:OtherFinancingReceivableMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2018-12-31 0000708781 us-gaap:FinancingReceivables1To29DaysPastDueMember 2019-12-31 0000708781 cass:CommercialAndIndustrialLoanMember us-gaap:FinancingReceivables1To29DaysPastDueMember 2019-12-31 0000708781 cass:RealEstateCommercialMortgageMember us-gaap:FinancingReceivables1To29DaysPastDueMember 2019-12-31 0000708781 cass:RealEstateCommercialConstructionLoanMember us-gaap:FinancingReceivables1To29DaysPastDueMember 2019-12-31 0000708781 cass:RealEstateFaithBasedRelatedMortgageMember us-gaap:FinancingReceivables1To29DaysPastDueMember 2019-12-31 0000708781 cass:RealEstateFaithBasedConstructionLoanMember us-gaap:FinancingReceivables1To29DaysPastDueMember 2019-12-31 0000708781 cass:OtherFinancingReceivableMember us-gaap:FinancingReceivables1To29DaysPastDueMember 2019-12-31 0000708781 us-gaap:FinancingReceivables30To59DaysPastDueMember 2019-12-31 0000708781 cass:CommercialAndIndustrialLoanMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2019-12-31 0000708781 cass:RealEstateCommercialMortgageMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2019-12-31 0000708781 cass:RealEstateCommercialConstructionLoanMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2019-12-31 0000708781 cass:RealEstateFaithBasedRelatedMortgageMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2019-12-31 0000708781 cass:RealEstateFaithBasedConstructionLoanMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2019-12-31 0000708781 cass:OtherFinancingReceivableMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2019-12-31 0000708781 us-gaap:FinancingReceivables60To89DaysPastDueMember 2019-12-31 0000708781 cass:CommercialAndIndustrialLoanMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2019-12-31 0000708781 cass:RealEstateCommercialMortgageMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2019-12-31 0000708781 cass:RealEstateCommercialConstructionLoanMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2019-12-31 0000708781 cass:RealEstateFaithBasedRelatedMortgageMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2019-12-31 0000708781 cass:RealEstateFaithBasedConstructionLoanMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2019-12-31 0000708781 cass:OtherFinancingReceivableMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2019-12-31 0000708781 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-12-31 0000708781 cass:CommercialAndIndustrialLoanMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-12-31 0000708781 cass:RealEstateCommercialMortgageMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-12-31 0000708781 cass:RealEstateCommercialConstructionLoanMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-12-31 0000708781 cass:RealEstateFaithBasedRelatedMortgageMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-12-31 0000708781 cass:RealEstateFaithBasedConstructionLoanMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-12-31 0000708781 cass:OtherFinancingReceivableMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-12-31 0000708781 us-gaap:RestrictedStockMember 2018-12-31 0000708781 us-gaap:RestrictedStockMember 2019-12-31 0000708781 cass:PerformanceBasedRestrictedSharesMember 2017-01-01 2017-12-31 0000708781 cass:PerformanceBasedRestrictedSharesMember 2018-01-01 2018-12-31 0000708781 us-gaap:RestrictedStockMember 2019-01-01 2019-12-31 0000708781 cass:PerformanceBasedRestrictedSharesMember 2019-01-01 2019-12-31 0000708781 us-gaap:StockAppreciationRightsSARSMember 2019-12-31 0000708781 us-gaap:StockAppreciationRightsSARSMember 2018-12-31 0000708781 us-gaap:StockAppreciationRightsSARSMember 2019-01-01 2019-12-31 0000708781 us-gaap:RestrictedStockMember 2017-01-01 2017-12-31 0000708781 us-gaap:RestrictedStockMember 2018-01-01 2018-12-31 0000708781 us-gaap:StockAppreciationRightsSARSMember 2018-01-01 2018-12-31 0000708781 us-gaap:PensionPlansDefinedBenefitMember us-gaap:SubsequentEventMember 2020-01-01 2020-12-31 0000708781 cass:SupplementalExecutiveRetirementPlanMember us-gaap:SubsequentEventMember 2020-01-01 2020-12-31 0000708781 cass:FranklinBancorpMember 2019-12-31 0000708781 cass:FranklinBancorpMember 2019-01-01 2019-12-31 0000708781 us-gaap:CommitmentsToExtendCreditMember 2018-12-31 0000708781 us-gaap:StandbyLettersOfCreditMember 2018-12-31 0000708781 cass:CommercialLettersOfCreditMember 2018-12-31 0000708781 us-gaap:CommitmentsToExtendCreditMember 2019-12-31 0000708781 us-gaap:StandbyLettersOfCreditMember 2019-12-31 0000708781 cass:CommercialLettersOfCreditMember 2019-12-31 0000708781 us-gaap:FixedIncomeFundsMember 2019-12-31 0000708781 us-gaap:EquitySecuritiesMember 2019-12-31 0000708781 cass:ForeignEquitySecuritiesMember 2019-12-31 0000708781 cass:EquitySecuritiesLargeCapMember 2019-12-31 0000708781 cass:EquitySecuritiesSmallCapMember 2019-12-31 0000708781 cass:ForeignEquitySecuritiesDevelopedMember 2019-12-31 0000708781 cass:ForeignEquitySecuritiesEmergingMember 2019-12-31 0000708781 us-gaap:AdditionalPaidInCapitalMember 2017-01-01 2017-12-31 0000708781 us-gaap:TreasuryStockMember 2017-01-01 2017-12-31 0000708781 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-12-31 0000708781 us-gaap:TreasuryStockMember 2018-01-01 2018-12-31 0000708781 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-12-31 0000708781 us-gaap:TreasuryStockMember 2019-01-01 2019-12-31 0000708781 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-01-01 2017-12-31 0000708781 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-12-31 0000708781 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-12-31 0000708781 us-gaap:CommonStockMember 2017-01-01 2017-12-31 0000708781 us-gaap:CommonStockMember 2018-01-01 2018-12-31 0000708781 srt:MinimumMember cass:PerformanceBasedRestrictedSharesMember 2019-01-01 2019-12-31 0000708781 srt:MaximumMember cass:PerformanceBasedRestrictedSharesMember 2019-01-01 2019-12-31 0000708781 srt:MinimumMember cass:PerformanceBasedRestrictedSharesMember 2018-01-01 2018-12-31 0000708781 srt:MaximumMember cass:PerformanceBasedRestrictedSharesMember 2018-01-01 2018-12-31 0000708781 srt:MinimumMember cass:PerformanceBasedRestrictedSharesMember 2017-01-01 2017-12-31 0000708781 srt:MaximumMember cass:PerformanceBasedRestrictedSharesMember 2017-01-01 2017-12-31 0000708781 cass:PerformanceBasedRestrictedSharesMember cass:TransactionOneMember 2019-01-01 2019-12-31 0000708781 cass:PerformanceBasedRestrictedSharesMember cass:TransactionTwoMember 2019-01-01 2019-12-31 0000708781 cass:NoncontributoryProfitSharingProgramMember 2018-12-31 0000708781 cass:NoncontributoryProfitSharingProgramMember 2017-12-31 0000708781 cass:NoncontributoryProfitSharingProgramMember 2019-12-31 0000708781 2020-02-19 0000708781 2019-06-30 0000708781 cass:GatewayGivingLLCMember 2019-01-01 2019-09-30 0000708781 us-gaap:GoodwillMember 2019-09-30 0000708781 us-gaap:CustomerListsMember 2019-09-30 0000708781 cass:GatewayGivingLLCMember 2019-09-30 0000708781 us-gaap:ComputerSoftwareIntangibleAssetMember 2019-09-30 0000708781 us-gaap:TradeNamesMember 2019-09-30 0000708781 us-gaap:UnsecuredDebtMember 2019-12-31 0000708781 cass:UsBankMember us-gaap:UnsecuredDebtMember 2019-12-31 0000708781 cass:WellsFargoBankMember us-gaap:UnsecuredDebtMember 2019-12-31 0000708781 cass:PncBankMember us-gaap:UnsecuredDebtMember 2019-12-31 0000708781 cass:FrostNationalBankMember us-gaap:UnsecuredDebtMember 2019-12-31 0000708781 cass:JpmChaseBankMember us-gaap:UnsecuredDebtMember 2019-12-31 0000708781 cass:UmbBankMember us-gaap:UnsecuredDebtMember 2019-12-31 0000708781 cass:FederalHomeLoanBankMember us-gaap:SecuredDebtMember 2019-12-31 0000708781 cass:UmbBankMember us-gaap:SecuredDebtMember 2019-12-31 0000708781 cass:FirstTennesseeBankMember us-gaap:SecuredDebtMember 2019-12-31 iso4217:USD iso4217:USD shares shares pure

2024-12-31

true 2019 FY 0000708781 --12-31 10-K/A true 2019-12-31 false 000-20827 CASS INFORMATION SYSTEMS, INC. MO 43-1265338 12444 Powerscourt Drive Suite 550 St. Louis MO 63131 314 506-5500 Common Stock, par value $0.50 per share CASS NASDAQ No No Yes Yes Large Accelerated Filer false false false 702445000 14552402 Certain information required for Part III of this report is incorporated by reference to the Registrant’s Proxy Statement for the 2020 Annual Meeting of Shareholders. EXPLANATORY NOTE Cass Information Systems, Inc. (the “Company”), filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 (the “Original Filing”) with the United States Securities and Exchange Commission (the “SEC”) on February 28, 2020. Due to a filing error, certain revisions to the Original Filing were not reflected in the as-filed version of the Original Filing. The Company is filing this Amendment No. 1 to the Original Filing (“Amendment No. 1”) solely to reflect such revisions, which include, among other corrections, the following: (i) language variations in the description of certain of the factors that affected the Company’s fiscal 2019 results of operations included in Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations”; (ii) a correction of an inadvertent error to the amount of unappropriated retained earnings available to the Company’s banking subsidiary for the declaration of dividends disclosed in Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and Note 2 to the consolidated financial statements; and (iii) corrections to inadvertent errors in footing the total net cash provided by operating activities for the year ended December 31, 2019 as reflected in the Company’s consolidated statements of cash flows. In addition, the exhibit list included in Item 15 of Part IV has been amended to contain a currently-dated consent of KPMG LLP and, pursuant to the rules of the SEC, currently-dated certifications from the Company’s Principal Executive Officer and Principal Financial Officer, as required by Sections 302 and 906 of the Sarbanes-Oxley Act of 2002. Such consent and the certifications of the Company’s Principal Executive Officer and Principal Financial Officer are attached as exhibits to this Amendment No. 1. Except as described above, this Amendment No. 1 speaks as of the original filing date of the Original Filing and does not amend or update any other information contained in the Original Filing to reflect events that may have occurred subsequent to the original filing date. The Company has included a complete copy of the Original Filing, as amended per above, in this filing.

18076000

15042000

172422000

179281000

13456000 36610000

203954000

230933000

422665000

441534000

772638000

721587000

10556000

10225000

762082000

711362000

206158000 160777000

20527000

22031000

17599000

17384000

14262000

12569000

4281000

1554000

112715000

97032000

1764243000

1695176000

351091000

313258000

406045000

408668000

757136000

721926000

684295000

694360000

18000000

60622000

49042000

1520053000

1465328000

0.50

2000000

0.50

40000000

15505772

7753000

205397000

205770000

90341000

75171000

991406

894486

45381000

39974000

-13920000

-18872000

244190000

229848000

1764243000

1695176000

107953000 102181000 93322000 1386000 1335000 1349000

19000

-42000

711000

602000

841000

110069000

104076000

95512000

36461000

32477000

28641000

2497000

2104000

554000

7839000

9063000

10439000

5812000 4282000 2343000

52609000

47926000

41977000

5191000

3736000

2187000

2000

5193000

3736000

2187000

47416000

44190000

39790000

250000

47166000

44190000

39790000

157235000

148266000

135302000

91083000

85881000

77339000

3918000

3723000

3480000

6140000

5610000

5071000

563000

442000

427000

18065000

16263000

14086000

119769000

111919000

100403000

37466000

36347000

34899000

7062000

6079000

9885000

30404000

30268000

25014000

2.11

2.06

1.70

2.07

2.03

1.68

30404000

30268000

25014000

13429000

-7534000

6637000

3196000

-1793000

2465000

19000

-42000

5000

-10000

6903000

-341000

1311000

1643000

-81000

487000

-7000

-103000

161000

4952000

-5552000

3509000

35356000

24716000

28523000

30404000

30268000

25014000

10939000

11238000

11341000

19000

-42000

3144000

3006000

2339000

250000

1247000

-3521000

3997000

-1838000

3746000

-3026000

-1916000

4641000

8008000

-988000

-4709000

4656000

-1073000

-5794000

-4127000

42126000

48335000

38890000

4648000

58520000

21502000

38116000

44156000

82022000

124777000

50970000

35336000

21335000

45381000 21674000 33756000

2723000

4399000

4127000

2833000

-75757000

-46795000

-139839000

37833000 31717000 66885000

-1133000

-7838000

-7472000

-1490000

19959000

-3286000

-22400000

-19595000

19601000

18000000

15234000

13177000

10675000

7799000

8838000

2270000

-1125000

-945000

-467000

6652000

1283000

62316000

-26979000

2823000

-38633000

230933000

228110000

266743000

203954000

230933000

228110000

5181000

3701000

2178000

7604000

6723000

7677000

5966000

128455000

118363000

-30206000

-14543000

208035000

25014000

0.72

10675000

-558000

-75108000

75674000

8000

29378

-821000

273000

-548000

451000

-142000

309000

2340000

50215

2270000

3509000

-2286000

2286000

6524000

204631000

59314000

-32061000

-13320000

225088000

30268000

0.89

13177000

-1229000

1234000

5000

33039

-991000

624000

-367000

876000

-301000

575000

3006000

169143

8838000

-5552000

7753000

205770000

75171000

-39974000

-18872000

229848000

30404000

1.05

15234000

34810

-1417000

1358000

-59000

2100000

-1034000

1066000

3144000

154593

7799000

4952000

7753000

205397000

90341000

-45381000

-13920000

244190000

Summary of Operations Cass Information Systems, Inc. (the “Company”) provides payment and information services, which include processing and payment of transportation, energy, telecommunications and environmental invoices. These services include the acquisition and management of data, information delivery and financial exchange. The consolidated balance sheet captions, “Accounts and drafts payable” and “Payments in excess of funding,” represent the Company’s resulting financial position related to the payment services that are performed for customers. The Company also provides a full range of banking services to individual, corporate and institutional customers through Cass Commercial Bank (the “Bank”), its wholly owned bank subsidiary.

Basis of Presentation The accounting and reporting policies of the Company and its subsidiaries conform to U.S. generally accepted accounting principles (“GAAP”). The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries after elimination of intercompany transactions. Certain amounts in the 2018 and 2017 consolidated financial statements have been reclassified to conform to the 2019 presentation. Such reclassifications have no effect on previously reported net income or shareholders’ equity.

Use of Estimates In preparing the consolidated financial statements, Company management is required to make estimates and assumptions which significantly affect the reported amounts in the consolidated financial statements.

Cash and Cash Equivalents For purposes of the consolidated statements of cash flows, the Company considers cash and due from banks, interest-bearing deposits in other financial institutions, federal funds sold and other short-term investments as segregated in the accompanying consolidated balance sheets to be cash equivalents.

Investment in Debt Securities The Company classifies its debt marketable securities as available-for-sale. Securities classified as available-for-sale are carried at fair value. Unrealized gains and losses, net of the related tax effect, are excluded from earnings and reported in accumulated other comprehensive income, a component of shareholders’ equity. A decline in the fair value of any available-for-sale security below cost that is deemed other than temporary results in a charge to earnings and the establishment of a new cost basis for the security. To determine whether impairment is other than temporary, the Company considers guidance provided in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 320, Investments – Debt and Equity Securities. When determining whether a debt security is other-than-temporarily impaired, the Company assesses whether it has the intent to sell the security and whether it is more likely than not that the Company will be required to sell prior to recovery of the amortized cost basis. Evidence considered in this assessment includes the reasons for impairment, the severity and duration of the impairment, changes in value subsequent to year-end and forecasted performance of the investee. Premiums and discounts are amortized or accreted to interest income over the estimated lives of the securities using the level-yield method. Interest income is recognized when earned. Gains and losses are calculated using the specific identification method.

Allowance for Loan Losses (“ALLL”) The ALLL is increased by provisions charged to expense and is available to absorb charge-offs, net of recoveries. Management utilizes a systematic, documented approach in determining the appropriate level of the ALLL. Management’s approach provides for estimated credit losses on individually evaluated loans in accordance with FASB ASC 310, Allowance for Credit Losses (“ASC 310”). These estimates are based upon a number of factors, such as payment history, financial condition of the borrower, expected future cash flows and discounted collateral exposure. Estimated credit losses inherent in the remainder of the portfolio are estimated in accordance with FASB ASC 450, Contingencies. These loans are segmented into groups based on similar risk characteristics. Historical loss rates for each risk group, which are updated quarterly, are generally quantified using all recorded loan charge-offs and recoveries over a prescribed look-back period. These historical loss rates for each risk group are used as the starting point to determine the level of the allowance. The Company’s methodology incorporates an estimated loss emergence period for each risk group. The loss emergence period is the period of time from when a borrower experiences a loss event and when the actual loss is recognized in the financial statements, generally at the time of initial charge-off of the loan balance. The Company’s methodology also includes qualitative risk factors that allow management to adjust its estimates of losses based on the most recent information available and to address other limitations in the quantitative component that is based on historical loss rates. Such risk factors are generally reviewed and updated quarterly, as appropriate, and are adjusted to reflect changes in national and local economic conditions and developments, the volume and severity of delinquent and internally classified loans, loan concentrations, assessment of trends in collateral values, assessment of changes in borrowers’ financial stability, and changes in lending policies and procedures, including underwriting standards and collections, charge-off and recovery practices. Management believes the ALLL is adequate to absorb probable losses in the loan portfolio. Additionally, various regulatory agencies, as an integral part of their examination process, periodically review the Company’s ALLL. Such agencies may require the Company to increase the ALLL based on their judgments and interpretations about information available to them at the time of their examinations. <div> 37 <hr style="border-top:2.0pt solid #808080;"/> <div style="page-break-after: always;"/> </div> <a href="#t001">Table of Contents</a> Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is computed over the estimated useful lives of the assets, or the respective lease terms for leasehold improvements, using straight-line and accelerated methods. Estimated useful lives do not exceed 40 years for buildings, the lesser of 10 years or the life of the lease for leasehold improvements and range from 3 to 7 years for software, equipment, furniture and fixtures. Maintenance and repairs are charged to expense as incurred.

Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is computed over the estimated useful lives of the assets, or the respective lease terms for leasehold improvements, using straight-line and accelerated methods. Estimated useful lives do not exceed 40 years for buildings, the lesser of 10 years or the life of the lease for leasehold improvements and range from 3 to 7 years for software, equipment, furniture and fixtures. Maintenance and repairs are charged to expense as incurred.

P40Y

P10Y

P3Y

P7Y

Intangible Assets Cost in excess of fair value of net assets acquired has resulted from business acquisitions. Goodwill and intangible assets with indefinite useful lives are not amortized, but instead are tested for impairment at least annually. Intangible assets with definite useful lives are amortized on a straight-line basis over their respective estimated useful lives. Periodically, the Company reviews intangible assets for events or changes in circumstances that may indicate that the carrying amount of the assets may not be recoverable. Based on those reviews, adjustments of recorded amounts have not been required.

Non-marketable Equity Investments The Company accounts for non-marketable equity investments, in which it holds less than a 20% ownership, under the cost method. Under the cost method of accounting, investments are carried at cost and are adjusted only for other than temporary declines in fair value, distributions of earnings and additional investments. The Company periodically evaluates whether any declines in fair value of its investments are other than temporary. In performing this evaluation, the Company considers various factors including any decline in market price, where available, the investee's financial condition, results of operations, operating trends and other financial ratios. Non-marketable equity investments are included in other assets on the consolidated balance sheets.

0.20

Foreclosed Assets Real estate acquired as a result of foreclosure is initially recorded at fair value less estimated selling costs. Fair value is generally determined through the receipt of appraisals. Any write down to fair value at the time the property is acquired is recorded as a charge-off to the allowance for loan losses. Any decline in the fair value of the property subsequent to acquisition is recorded as a charge to non-interest expense.

Treasury Stock Purchases of the Company’s common stock are recorded at cost. Upon reissuance, treasury stock is reduced based upon the average cost basis of shares held.

Comprehensive Income Comprehensive income consists of net income, changes in net unrealized gains (losses) on available-for-sale securities and pension liability adjustments and is presented in the accompanying consolidated statements of shareholders' equity and consolidated statements of comprehensive income.

Loans Interest on loans is recognized based upon the principal amounts outstanding. It is the Company’s policy to discontinue the accrual of interest when there is reasonable doubt as to the collectability of principal or interest. Subsequent payments received on such loans are applied to principal if there is any doubt as to the collectability of such principal; otherwise, these receipts are recorded as interest income. The accrual of interest on a loan is resumed when the loan is current as to payment of both principal and interest and/or the borrower demonstrates the ability to pay and remain current. Loan origination and commitment fees on originated loans, net of certain direct loan origination costs, are deferred and amortized to interest income using the level-yield method over the estimated lives of the related loans.

Impairment of Loans A loan is considered impaired when it is probable that a creditor will be unable to collect all amounts due, both principal and interest, according to the contractual terms of the loan agreement. When measuring impairment, the expected future cash flows of an impaired loan are discounted at the loan's effective interest rate. Alternatively, impairment could be measured by reference to an observable market price, if one exists, or the fair value of the collateral for a collateral-dependent loan. Regardless of the historical measurement method used, the Company measures impairment based on the fair value of the collateral when the Company determines foreclosure is probable. Additionally, impairment of a restructured loan is measured by discounting the total expected future cash flows at the loan's effective rate of interest as stated in the original loan agreement. The Company uses its nonaccrual methods as discussed above for recognizing interest on impaired loans. Information Services Revenue A majority of the Company’s revenues are attributable to fees for providing services. These services include transportation invoice rating, payment processing, auditing, and the generation of accounting and transportation information. The Company also processes, pays and generates management information from electric, gas, telecommunications, environmental, and other invoices. The specific payment and information processing services provided to each customer are developed individually to meet each customer’s specific requirements. The Company enters into service agreements with customers typically for fixed fees per transaction that are invoiced monthly. Revenues are recognized in the period services are rendered and earned under the service agreements, as long as collection is reasonably assured.

Income Taxes Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. Deferred tax assets are reduced if necessary, by a deferred tax asset valuation allowance. In the event that management determines it is more likely than not that it will not be able to realize all or part of net deferred tax assets in the future, the Company adjusts the recorded value of deferred tax assets, which would result in a direct charge to income tax expense in the period that such determination is made. Likewise, the Company will reverse the valuation allowance when realization of the deferred tax asset is expected. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company and its subsidiaries file U.S. federal and certain state income tax returns on a consolidated basis. In addition, certain state jurisdictions are filed on a separate company basis by the Company or its subsidiaries. <div> 38 <hr style="border-top:2.0pt solid #808080;"/> <div style="page-break-after: always;"/> </div> <a href="#t001">Table of Contents</a> The Company recognizes and measures income tax benefits using a two-step model: 1) a tax position must be more likely than not to be sustained based solely on its technical merits in order to be recognized; and 2) the benefit must be measured as the largest dollar amount of that position that is more likely than not to be sustained upon settlement. The difference between the benefit recognized for a tax position in this model and the tax benefit claimed on a tax return is treated as an unrecognized tax benefit. The Company recognizes income tax related interest and penalties in income tax expense.

Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding. Diluted earnings per share is computed by dividing net income by the sum of the weighted average number of common shares outstanding and the weighted average number of potential common shares outstanding.

Stock-Based Compensation The Company follows FASB ASC 718, Accounting for Stock Options and Other Stock-based Compensation (“ASC 718”), which requires that all stock-based compensation be recognized as an expense in the financial statements and that such cost be measured at the fair value of the award. FASB ASC 718 also requires that excess tax benefits related to stock option exercises and restricted stock awards be reflected as financing cash inflows instead of operating cash inflows.

Pension Plans The amounts recognized in the consolidated financial statements related to pension are determined from actuarial valuations. Inherent in these valuations are assumptions including expected return on plan assets, discount rates at which the liabilities could be settled at December 31, 2019, rate of increase in future compensation levels and mortality rates. These assumptions are updated annually and are disclosed in Note 10. The Company follows FASB ASC 715 - Compensation – Retirement Benefits (“ASC 715”), which requires companies to recognize the overfunded or underfunded status of a defined benefit postretirement plan as an asset or liability in its consolidated balance sheet and to recognize changes in that funded status in the year in which the changes occur through comprehensive income. The funded status is measured as the difference between the fair value of the plan assets and the projected benefit obligation as of the date of its fiscal year-end.

Fair Value Measurements The Company follows the provisions of FASB ASC 820 - Fair Value Measurements and Disclosures, which defines fair value, establishes a framework for measuring fair value in GAAP, and outlines disclosures about fair value measurements. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. A three-level hierarchy for valuation techniques is used to measure financial assets and financial liabilities at fair value. This hierarchy is based on whether the valuation inputs are observable or unobservable. Financial instrument valuations are considered Level 1 when they are based on quoted prices in active markets for identical assets or liabilities. Level 2 financial instrument valuations use quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Financial instrument valuations are considered Level 3 when they are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable, and when determination of the fair value requires significant management judgment or estimation. The Company records securities available for sale at their fair values on a recurring basis using Level 2 valuations. Additionally, the Company records impaired loans and other real estate owned at their fair value on a nonrecurring basis. The nonrecurring fair value adjustments typically involve application of lower-of-cost-or-market accounting or impairment write-downs of individual assets.

Impact of New and Not Yet Adopted Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (ASC Topic 842). The ASU improves financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as real estate, airplanes, and manufacturing equipment. Consistent with current generally accepted accounting principles (“GAAP”), the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike current GAAP—which requires only capital leases to be recognized on the balance sheet—the new ASU requires both types of leases to be recognized on the balance sheet. The ASU also requires disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. These disclosures include qualitative and quantitative requirements, providing additional information about the amounts recorded in the financial statements. The Company elected to apply ASU 2016-02 as of the beginning of the period of adoption (January 1, 2019) and has not restated comparative periods. The Company has elected to apply the package of practical expedients allowed by the new standard under which the Company need not reassess (i) whether any expired or existing contracts are or contain leases, (ii) the lease classification for any expired or existing leases and (iii) initial direct costs for any existing leases. Adoption of the ASU on January 1, 2019 resulted in the recognition of lease liabilities totaling $7,808,000 and the right-of-use assets totaling $7,383,000. The initial balance sheet gross up upon adoption was related to operating leases of certain real estate properties. See Note 18 – Leases for additional disclosures related to leases.

7808000

7383000

42487000

The Company’s and the Bank’s actual and required capital amounts and ratios are as follows: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:46%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:17%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Actual </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="5" style="width:17%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Capital Requirements </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="5" style="width:17%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Requirement to be Well-Capitalized </td> </tr> <tr class="even" style=""> <td style="width:46%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="5" style="width:17%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Amount Ratio </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="5" style="width:17%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Amount Ratio </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="5" style="width:17%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Amount Ratio </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:46%; vertical-align:bottom; "> At December 31, 2019 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:46%; vertical-align:bottom; "> Total capital (to risk-weighted assets) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:46%; vertical-align:bottom; "> Cass Information Systems, Inc. </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:7%; vertical-align:bottom; "> 249,954 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 19.70 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:7%; vertical-align:bottom; "> 101,530 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 8.00 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:7%; vertical-align:bottom; "> N/A </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> N/A </td> <td style="width:1%; vertical-align:bottom; "> % </td> </tr> <tr class="even" style=""> <td style="width:46%; vertical-align:bottom; "> Cass Commercial Bank </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 154,011 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 19.32 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 63,778 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 8.00 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 79,722 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 10.00 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:46%; vertical-align:bottom; "> Common Equity Tier I Capital (to risk-weighted assets) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:46%; vertical-align:bottom; "> Cass Information Systems, Inc. </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 239,398 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 18.86 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 57,110 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 4.50 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> N/A </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> N/A </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:46%; vertical-align:bottom; "> Cass Commercial Bank </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 145,673 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 18.27 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 35,875 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 4.50 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 51,819 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 6.50 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:46%; vertical-align:bottom; "> Tier I capital (to risk-weighted assets) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:46%; vertical-align:bottom; "> Cass Information Systems, Inc. </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 239,398 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 18.86 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 76,147 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 6.00 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> N/A </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> N/A </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:46%; vertical-align:bottom; "> Cass Commercial Bank </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 145,673 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 18.27 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 47,833 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 6.00 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 63,778 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 8.00 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:46%; vertical-align:bottom; "> Tier I capital (to average assets) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:46%; vertical-align:bottom; "> Cass Information Systems, Inc. </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 239,398 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 13.24 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 72,329 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 4.00 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> N/A </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> N/A </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:46%; vertical-align:bottom; border-bottom:1.5pt solid; "> Cass Commercial Bank </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:7%; vertical-align:bottom; border-bottom:1.5pt solid; "> 145,673 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:7%; vertical-align:bottom; border-bottom:1.5pt solid; "> 16.64 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:7%; vertical-align:bottom; border-bottom:1.5pt solid; "> 35,012 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:7%; vertical-align:bottom; border-bottom:1.5pt solid; "> 4.00 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:7%; vertical-align:bottom; border-bottom:1.5pt solid; "> 43,765 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:7%; vertical-align:bottom; border-bottom:1.5pt solid; "> 5.00 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> </tr> </tbody> </table> </div> <div> 40 <hr style="border-top:2.0pt solid #808080;"/> <div style="page-break-after: always;"/> </div> <a href="#t001">Table of Contents</a> <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:46%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:7%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:7%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:7%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:7%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:7%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:7%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:46%; vertical-align:bottom; "> At December 31, 2018 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:46%; vertical-align:bottom; "> Total capital (to risk-weighted assets) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:46%; vertical-align:bottom; "> Cass Information Systems, Inc. </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:7%; vertical-align:bottom; "> 244,660 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 21.38 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:7%; vertical-align:bottom; "> 91,550 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 8.00 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:7%; vertical-align:bottom; "> N/A </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> N/A </td> <td style="width:1%; vertical-align:bottom; "> % </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:46%; vertical-align:bottom; "> Cass Commercial Bank </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 137,894 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 18.31 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 60,257 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 8.00 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 75,321 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 10.00 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:46%; vertical-align:bottom; "> Common Equity Tier I Capital (to risk-weighted assets) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:46%; vertical-align:bottom; "> Cass Information Systems, Inc. </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 234,435 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 20.49 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 51,497 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 4.50 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> N/A </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> N/A </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:46%; vertical-align:bottom; "> Cass Commercial Bank </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 130,037 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 17.26 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 33,895 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 4.50 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 48,959 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 6.50 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:46%; vertical-align:bottom; "> Tier I capital (to risk-weighted assets) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:46%; vertical-align:bottom; "> Cass Information Systems, Inc. </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 234,435 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 20.49 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 68,662 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 6.00 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> N/A </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> N/A </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:46%; vertical-align:bottom; "> Cass Commercial Bank </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 130,037 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 17.26 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 45,193 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 6.00 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 60,257 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 8.00 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:46%; vertical-align:bottom; "> Tier I capital (to average assets) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:46%; vertical-align:bottom; "> Cass Information Systems, Inc. </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 234,435 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 13.89 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 67,500 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 4.00 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> N/A </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> N/A </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:46%; vertical-align:bottom; border-bottom:1.5pt solid; "> Cass Commercial Bank </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:7%; vertical-align:bottom; border-bottom:1.5pt solid; "> 130,037 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:7%; vertical-align:bottom; border-bottom:1.5pt solid; "> 15.35 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:7%; vertical-align:bottom; border-bottom:1.5pt solid; "> 33,884 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:7%; vertical-align:bottom; border-bottom:1.5pt solid; "> 4.00 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:7%; vertical-align:bottom; border-bottom:1.5pt solid; "> 42,354 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:7%; vertical-align:bottom; border-bottom:1.5pt solid; "> 5.00 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td></tr></tbody> </table></div>

249954000

0.1970

101530000

0.0800

154011000

0.1932

63778000

0.0800

79722000

0.1000

239398000 0.1886 57110000 0.0450 145673000 0.1827 35875000 0.0450 51819000 0.0650

239398000

0.1886

76147000

0.0600

145673000

0.1827

47833000

0.0600

63778000

0.0800

239398000

0.1324

72329000

0.0400

145673000

0.1664

35012000

0.0400

43765000

0.0500

244660000

0.2138

91550000

0.0800

137894000

0.1831

60257000

0.0800

75321000

0.1000

234435000

0.2049

51497000 0.0450

130037000

0.1726

33895000 0.0450 48959000 0.0650 234435000 0.2049

68662000

0.0600

130037000 0.1726

45193000

0.0600

60257000

0.0800

234435000

0.1389

67500000

0.0400

130037000

0.1535

33884000

0.0400

42354000

0.0500

Note 3 Investment in Securities Investment securities available-for-sale are recorded at fair value on a recurring basis. The Company’s investment securities available-for-sale at December 31, 2019 and 2018 are measured at fair value using Level 2 valuations. The market evaluation utilizes several sources which include “observable inputs” rather than “significant unobservable inputs” and therefore falls into the Level 2 category. The table below presents the balances of securities available-for-sale measured at fair value on a recurring basis. The amortized cost, gross unrealized gains, gross unrealized losses and fair value of debt and equity securities are summarized as follows: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:56%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="11" style="width:43%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, 2019 </td> </tr> <tr class="even" style=""> <td style="width:56%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Amortized Cost </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Gross Unrealized Gains </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Gross Unrealized Losses </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Fair Value </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:56%; vertical-align:bottom; "> State and political subdivisions </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 310,720 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 13,727 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 324,447 </td> </tr> <tr class="even" style=""> <td style="width:56%; vertical-align:bottom; "> U.S. government agencies </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 97,380 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 507 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 169 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 97,718 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:56%; vertical-align:bottom; border-bottom:1.5pt solid; "> Certificates of deposit </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 500 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 500 </td> </tr> <tr class="even" style=""> <td style="width:56%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 408,600 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 14,234 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 169 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 422,665 </td> </tr> </tbody> </table> </div> <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:56%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="11" style="width:43%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, 2018 </td> </tr> <tr class="even" style=""> <td style="width:56%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Amortized Cost </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Gross Unrealized Gains </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Gross Unrealized Losses </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Fair Value </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:56%; vertical-align:bottom; "> State and political subdivisions </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 332,732 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 3,791 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 1,806 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 334,717 </td> </tr> <tr class="even" style=""> <td style="width:56%; vertical-align:bottom; "> U.S. government agencies </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 106,153 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 86 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 1,417 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 104,822 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:56%; vertical-align:bottom; border-bottom:1.5pt solid; "> Certificates of deposit </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1,995 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1,995 </td> </tr> <tr class="even" style=""> <td style="width:56%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 440,880 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 3,877 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 3,223 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 441,534 </td></tr></tbody> </table></div> The fair values of securities with unrealized losses are as follows: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:34%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="17" style="width:65%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, 2019 </td> </tr> <tr class="even" style=""> <td style="width:34%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:21%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Less than 12 months </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:21%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> 12 months or more </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:21%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Total </td> </tr> <tr class="odd" style=""> <td style="width:34%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Estimated Fair Value </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Unrealized Losses </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Estimated Fair Value </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Unrealized Losses </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Estimated Fair value </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Unrealized Losses </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:34%; vertical-align:bottom; "> State and political subdivisions </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> ─ </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> — </td> </tr> <tr class="even" style=""> <td style="width:34%; vertical-align:bottom; "> U.S. government agencies </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 3,801 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 12 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 17,593 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 157 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 21,394 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 169 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:34%; vertical-align:bottom; border-bottom:0.5pt solid; "> Certificates of deposit </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> ─ </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> </tr> <tr class="even" style=""> <td style="width:34%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 3,801 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 12 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 17,593 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 157 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 21,394 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 169 </td> </tr> </tbody> </table> </div> <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:34%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="17" style="width:65%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, 2018 </td> </tr> <tr class="even" style=""> <td style="width:34%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:21%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Less than 12 months </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:21%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> 12 months or more </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:21%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Total </td> </tr> <tr class="odd" style=""> <td style="width:34%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Estimated Fair Value </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Unrealized Losses </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Estimated Fair Value </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Unrealized Losses </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Estimated Fair value </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Unrealized Losses </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:34%; vertical-align:bottom; "> State and political subdivisions </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 91,248 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 556 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 60,546 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 1,250 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 151,794 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 1,806 </td> </tr> <tr class="even" style=""> <td style="width:34%; vertical-align:bottom; "> U.S. government agencies </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 30,409 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 130 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 38,005 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 1,287 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 68,414 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 1,417 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:34%; vertical-align:bottom; border-bottom:0.5pt solid; "> Certificates of deposit </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> </tr> <tr class="even" style=""> <td style="width:34%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 121,657 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 686 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 98,551 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 2,537 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 220,208 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 3,223 </td></tr></tbody> </table></div> <div> 41 <hr style="border-top:2.0pt solid #808080;"/> <div style="page-break-after: always;"/> </div> <a href="#t001">Table of Contents</a> There were 9 securities, or 3% of the total (7 greater than 12 months), in an unrealized loss position as of December 31, 2019 compared to 136 securities, or 43% (61 greater than 12 months), in an unrealized loss position as of December 31, 2018. All unrealized losses are reviewed to determine whether the losses are other than temporary. Management believes that all unrealized losses are temporary since they are market driven, the Company does not have the intent to sell the security, and it is more likely than not that the Company will not be required to sell prior to recovery of the amortized basis. The amortized cost and fair value of debt and equity securities by contractual maturity are shown in the following table. Expected maturities may differ from contractual maturities because borrowers have the right to prepay obligations with or without prepayment penalties. <div> <table cellpadding="0" style="border-collapse: collapse;" width="80.1418439716312%"> <thead> <tr class="odd" style=""> <td style="width:68%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:31%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, 2019 </td> </tr> <tr class="even" style=""> <td style="width:68%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:16%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Amortized Cost </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:14%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Fair Value </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:68%; vertical-align:bottom; "> Due in 1 year or less </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:15%; vertical-align:bottom; "> 51,219 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:13%; vertical-align:bottom; "> 51,485 </td> </tr> <tr class="even" style=""> <td style="width:68%; vertical-align:bottom; "> Due after 1 year through 5 years </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 97,799 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 100,179 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:68%; vertical-align:bottom; "> Due after 5 years through 10 years </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 222,143 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 233,289 </td> </tr> <tr class="even" style=""> <td style="width:68%; vertical-align:bottom; "> Due after 10 years </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 37,439 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 37,712 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:68%; vertical-align:bottom; border-bottom:0.5pt solid; "> No stated maturity </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:15%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:13%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> </tr> <tr class="even" style=""> <td style="width:68%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:15%; vertical-align:bottom; border-bottom:1.5pt solid; "> 408,600 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:13%; vertical-align:bottom; border-bottom:1.5pt solid; "> 422,665 </td></tr></tbody> </table></div> The premium related to the purchase of state and political subdivisions was $6,408,000 and $6,857,000 in 2019 and 2018, respectively. There were no securities pledged to secure public deposits and for other purposes at December 31, 2019. Proceeds from sales of debt securities classified as available-for-sale were $4,648,000 in 2019, $58,520,000 in 2018, and $0 in 2017. Gross realized gains on the sales in 2019, 2018, and 2017 were $19,000, $180,000, and $0, respectively. Gross realized losses on sales in 2019, 2018, and 2017 were $0, $222,000, and $0, respectively.

Investment securities available-for-sale are recorded at fair value on a recurring basis. The Company’s investment securities available-for-sale at December 31, 2019 and 2018 are measured at fair value using Level 2 valuations. The market evaluation utilizes several sources which include “observable inputs” rather than “significant unobservable inputs” and therefore falls into the Level 2 category. The table below presents the balances of securities available-for-sale measured at fair value on a recurring basis. The amortized cost, gross unrealized gains, gross unrealized losses and fair value of debt and equity securities are summarized as follows: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:56%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="11" style="width:43%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, 2019 </td> </tr> <tr class="even" style=""> <td style="width:56%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Amortized Cost </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Gross Unrealized Gains </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Gross Unrealized Losses </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Fair Value </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:56%; vertical-align:bottom; "> State and political subdivisions </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 310,720 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 13,727 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 324,447 </td> </tr> <tr class="even" style=""> <td style="width:56%; vertical-align:bottom; "> U.S. government agencies </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 97,380 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 507 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 169 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 97,718 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:56%; vertical-align:bottom; border-bottom:1.5pt solid; "> Certificates of deposit </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 500 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 500 </td> </tr> <tr class="even" style=""> <td style="width:56%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 408,600 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 14,234 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 169 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 422,665 </td> </tr> </tbody> </table> </div> <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:56%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="11" style="width:43%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, 2018 </td> </tr> <tr class="even" style=""> <td style="width:56%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Amortized Cost </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Gross Unrealized Gains </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Gross Unrealized Losses </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Fair Value </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:56%; vertical-align:bottom; "> State and political subdivisions </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 332,732 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 3,791 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 1,806 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 334,717 </td> </tr> <tr class="even" style=""> <td style="width:56%; vertical-align:bottom; "> U.S. government agencies </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 106,153 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 86 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 1,417 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 104,822 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:56%; vertical-align:bottom; border-bottom:1.5pt solid; "> Certificates of deposit </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1,995 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1,995 </td> </tr> <tr class="even" style=""> <td style="width:56%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 440,880 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 3,877 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 3,223 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 441,534 </td></tr></tbody> </table></div>

310720000

13727000

324447000

97380000

507000

169000

97718000

500000

408600000

14234000

169000

422665000

332732000

3791000

1806000

334717000

106153000

86000

1417000

104822000

1995000

440880000

3877000

3223000

441534000

The fair values of securities with unrealized losses are as follows: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:34%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="17" style="width:65%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, 2019 </td> </tr> <tr class="even" style=""> <td style="width:34%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:21%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Less than 12 months </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:21%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> 12 months or more </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:21%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Total </td> </tr> <tr class="odd" style=""> <td style="width:34%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Estimated Fair Value </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Unrealized Losses </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Estimated Fair Value </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Unrealized Losses </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Estimated Fair value </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Unrealized Losses </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:34%; vertical-align:bottom; "> State and political subdivisions </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> ─ </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> — </td> </tr> <tr class="even" style=""> <td style="width:34%; vertical-align:bottom; "> U.S. government agencies </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 3,801 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 12 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 17,593 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 157 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 21,394 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 169 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:34%; vertical-align:bottom; border-bottom:0.5pt solid; "> Certificates of deposit </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> ─ </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> </tr> <tr class="even" style=""> <td style="width:34%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 3,801 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 12 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 17,593 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 157 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 21,394 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 169 </td> </tr> </tbody> </table> </div> <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:34%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="17" style="width:65%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, 2018 </td> </tr> <tr class="even" style=""> <td style="width:34%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:21%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Less than 12 months </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:21%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> 12 months or more </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:21%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Total </td> </tr> <tr class="odd" style=""> <td style="width:34%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Estimated Fair Value </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Unrealized Losses </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Estimated Fair Value </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Unrealized Losses </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Estimated Fair value </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Unrealized Losses </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:34%; vertical-align:bottom; "> State and political subdivisions </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 91,248 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 556 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 60,546 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 1,250 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 151,794 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 1,806 </td> </tr> <tr class="even" style=""> <td style="width:34%; vertical-align:bottom; "> U.S. government agencies </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 30,409 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 130 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 38,005 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 1,287 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 68,414 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 1,417 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:34%; vertical-align:bottom; border-bottom:0.5pt solid; "> Certificates of deposit </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> </tr> <tr class="even" style=""> <td style="width:34%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 121,657 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 686 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 98,551 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 2,537 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 220,208 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 3,223 </td></tr></tbody> </table></div>

3801000

12000

17593000

157000

21394000

169000

3801000

12000

17593000

157000

21394000

169000

91248000

556000

60546000

1250000

151794000

1806000

30409000

130000

38005000

1287000

68414000

1417000

121657000

686000

98551000

2537000

220208000

3223000

0.03

136

0.43

The amortized cost and fair value of debt and equity securities by contractual maturity are shown in the following table. Expected maturities may differ from contractual maturities because borrowers have the right to prepay obligations with or without prepayment penalties. <div> <table cellpadding="0" style="border-collapse: collapse;" width="80.1418439716312%"> <thead> <tr class="odd" style=""> <td style="width:68%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:31%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, 2019 </td> </tr> <tr class="even" style=""> <td style="width:68%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:16%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Amortized Cost </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:14%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Fair Value </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:68%; vertical-align:bottom; "> Due in 1 year or less </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:15%; vertical-align:bottom; "> 51,219 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:13%; vertical-align:bottom; "> 51,485 </td> </tr> <tr class="even" style=""> <td style="width:68%; vertical-align:bottom; "> Due after 1 year through 5 years </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 97,799 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 100,179 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:68%; vertical-align:bottom; "> Due after 5 years through 10 years </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 222,143 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 233,289 </td> </tr> <tr class="even" style=""> <td style="width:68%; vertical-align:bottom; "> Due after 10 years </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 37,439 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 37,712 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:68%; vertical-align:bottom; border-bottom:0.5pt solid; "> No stated maturity </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:15%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:13%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> </tr> <tr class="even" style=""> <td style="width:68%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:15%; vertical-align:bottom; border-bottom:1.5pt solid; "> 408,600 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:13%; vertical-align:bottom; border-bottom:1.5pt solid; "> 422,665 </td></tr></tbody> </table></div>

51219000

51485000

97799000

100179000

222143000

233289000

37439000

37712000

408600000

422665000

6408000 6857000

4648000

58520000

19000

180000

222000

Loans Note 4 The Company originates commercial, industrial and real estate loans to businesses and faith-based ministries throughout the metropolitan St. Louis, Missouri area, Orange County, California, Colorado Springs, Colorado and other selected cities in the United States. The Company does not have any particular concentration of credit in any one economic sector; however, a substantial portion of the commercial and industrial loans is extended to privately-held commercial companies and franchises in these market areas and are generally secured by the assets of the business. The Company also has a substantial portion of real estate loans secured by mortgages that are extended to faith-based ministries in its market area and selected cities in the United States. A summary of loan categories is as follows: <div> <table cellpadding="0" style="border-collapse: collapse;" width="80.1418439716312%"> <thead> <tr class="odd" style=""> <td style="width:76%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:23%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, </td> </tr> <tr class="even" style=""> <td style="width:76%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:76%; vertical-align:bottom; "> Commercial and industrial </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 323,857 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 277,091 </td> </tr> <tr class="even" style=""> <td style="width:76%; vertical-align:bottom; "> Real estate </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:76%; vertical-align:bottom; "> Commercial: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:76%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 101,654 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 95,605 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:76%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 25,299 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 11,858 </td> </tr> <tr class="even" style=""> <td style="width:76%; vertical-align:bottom; "> Faith-based: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:76%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 305,826 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 316,147 </td> </tr> <tr class="even" style=""> <td style="width:76%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 15,945 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 20,576 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:76%; vertical-align:bottom; border-bottom:0.5pt solid; "> Other </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 57 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 310 </td> </tr> <tr class="even" style=""> <td style="width:76%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total loans </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 772,638 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 721,587 </td></tr></tbody> </table></div> <div> 42 <hr style="border-top:2.0pt solid #808080;"/> <div style="page-break-after: always;"/> </div> <a href="#t001">Table of Contents</a> The following table presents the aging of loans by loan categories at December 31, 2019: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:40%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="8" style="width:29%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Performing </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:19%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Nonperforming </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:40%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Current </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 30-59 Days </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 60-89 Days </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 90 Days and Over </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Non- accrual </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Total Loans </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Commercial and industrial </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> 323,857 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> 323,857 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Real estate </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Commercial: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 101,654 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 101,654 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 25,299 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 25,299 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Faith-based: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 305,826 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 305,826 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 15,945 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 15,945 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; border-bottom:0.5pt solid; "> Other </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> 57 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> 57 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> 772,638 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> 772,638 </td> </tr> </tbody> </table> </div> The following table presents the aging of loans by loan categories at December 31, 2018: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:40%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="8" style="width:29%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Performing </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:19%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Nonperforming </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:40%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Current </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 30-59 Days </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 60-89 Days </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 90 Days and Over </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Non- accrual </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Total Loans </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Commercial and industrial </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> 277,091 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> 277,091 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Real estate </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Commercial: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 95,605 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 95,605 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 11,858 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 11,858 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Faith-based: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 316,147 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 316,147 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 20,576 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 20,576 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; border-bottom:0.5pt solid; "> Other </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> 310 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> 310 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> 721,587 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> 721,587 </td></tr></tbody> </table></div> The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of December 31, 2019: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:40%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:15%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Loans Subject to Normal Monitoring(1) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:15%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Performing Loans Subject to Special Monitoring(2) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:15%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Nonperforming Loans Subject to Special Monitoring(2) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Total Loans </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Commercial and industrial </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:14%; vertical-align:bottom; "> 321,554 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:14%; vertical-align:bottom; "> 2,303 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 323,857 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Real estate </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Commercial: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 100,346 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 1,308 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 101,654 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 25,299 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 25,299 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Faith-based: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 304,513 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 1,313 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 305,826 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 15,945 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 15,945 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; border-bottom:0.5pt solid; "> Other </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:14%; vertical-align:bottom; border-bottom:0.5pt solid; "> 57 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:14%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:14%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 57 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:14%; vertical-align:bottom; border-bottom:1.5pt solid; "> 767,714 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:14%; vertical-align:bottom; border-bottom:1.5pt solid; "> 4,924 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:14%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 772,638 </td> </tr> </tbody> </table> </div> <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <tbody> <tr class="odd" style=""> <td style="width:3%; vertical-align:top; "> (1) </td> <td style="width:95%; vertical-align:top; "> Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligation. </td> </tr> <tr class="even" style=""> <td style="width:3%; vertical-align:top; "> (2) </td> <td style="width:95%; vertical-align:top; "> Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention. </td> </tr> </tbody> </table> </div> <div> 43 <hr style="border-top:2.0pt solid #808080;"/> <div style="page-break-after: always;"/> </div> <a href="#t001">Table of Contents</a> The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of December 31, 2018: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:40%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:15%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Loans Subject to Normal Monitoring(1) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:15%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Performing Loans Subject to Special Monitoring(2) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:15%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Nonperforming Loans Subject to Special Monitoring(2) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Total Loans </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Commercial and industrial </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:14%; vertical-align:bottom; "> 275,308 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:14%; vertical-align:bottom; "> 1,783 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 277,091 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Real estate </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Commercial: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 95,447 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 158 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 95,605 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 11,858 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 11,858 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Faith-based: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 314,940 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 1,207 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 316,147 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 20,576 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 20,576 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; border-bottom:0.5pt solid; "> Other </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:14%; vertical-align:bottom; border-bottom:0.5pt solid; "> 310 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:14%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:14%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 310 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:14%; vertical-align:bottom; border-bottom:1.5pt solid; "> 718,439 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:14%; vertical-align:bottom; border-bottom:1.5pt solid; "> 3,148 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:14%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 721,587 </td> </tr> </tbody> </table> </div> <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <tbody> <tr class="odd" style=""> <td style="width:3%; vertical-align:top; "> (1) </td> <td style="width:95%; vertical-align:top; "> Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligation. </td> </tr> <tr class="even" style=""> <td style="width:3%; vertical-align:top; "> (2) </td> <td style="width:95%; vertical-align:top; "> Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention. </td></tr></tbody> </table></div> Impaired loans consist primarily of nonaccrual loans, loans greater than 90 days past due and still accruing interest and troubled debt restructurings, both performing and non-performing. Troubled debt restructuring involves the granting of a concession to a borrower experiencing financial difficulty resulting in the modification of terms of the loan, such as changes in payment schedule or interest rate. There was no ALLL related to impaired loans at both December 31, 2019 and 2018. There were no non-accrual loans at December 31, 2019 and 2018. There were no loans delinquent 90 days or more and still accruing interest at both December 31, 2019 and 2018. At December 31, 2019 and 2018, there were no loans classified as troubled debt restructuring. The average balances of impaired loans during 2019, 2018 and 2017 were $0, $0, and $166,000, respectively. Income that would have been recognized on non-accrual loans under the original terms of the contract was $0, $0, and $24,000 for 2019, 2018, and 2017, respectively. Income that was recognized on nonaccrual loans was $0, $0, and $17,000, for 2019, 2018, and 2017 respectively. There were no foreclosed assets as of December 31, 2019 or 2018. The Company does not record loans at fair value on a recurring basis. Once a loan is identified as impaired, management measures impairment in accordance with FASB ASC 310. At December 31, 2019 and 2018, there were no impaired loans. The fair value of the collateral is based upon an observable market price or current appraised value and therefore, the Company classifies these assets as nonrecurring Level 3. A summary of the activity in the allowance for loan losses for the period ended December 31, 2019 is as follows: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:43%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:12%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, 2018 </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Charge- Offs </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Recoveries </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Provision </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, 2019 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:43%; vertical-align:bottom; "> Commercial and industrial </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:11%; vertical-align:bottom; "> 4,179 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> 81 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> 593 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 4,853 </td> </tr> <tr class="even" style=""> <td style="width:43%; vertical-align:bottom; "> Real estate </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:43%; vertical-align:bottom; "> Commercial: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:43%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 1,417 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 105 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,522 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:43%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 89 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 101 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 190 </td> </tr> <tr class="even" style=""> <td style="width:43%; vertical-align:bottom; "> Faith-based: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:43%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 3,961 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> (135 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 3,826 </td> </tr> <tr class="even" style=""> <td style="width:43%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 155 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> (35 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 120 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:43%; vertical-align:bottom; border-bottom:0.5pt solid; "> Other </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:11%; vertical-align:bottom; border-bottom:0.5pt solid; "> 424 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> (379 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 45 </td> </tr> <tr class="even" style=""> <td style="width:43%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:11%; vertical-align:bottom; border-bottom:1.5pt solid; "> 10,225 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> 81 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> 250 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 10,556 </td> </tr> </tbody> </table> </div> <div> 44 <hr style="border-top:2.0pt solid #808080;"/> <div style="page-break-after: always;"/> </div> <a href="#t001">Table of Contents</a> A summary of the activity in the allowance for loan losses for the period ended December 31, 2018 is as follows: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:43%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:12%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, 2017 </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Charge- Offs </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Recoveries </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Provision </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, 2018 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:43%; vertical-align:bottom; "> Commercial and industrial </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:11%; vertical-align:bottom; "> 3,652 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> 20 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> 507 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 4,179 </td> </tr> <tr class="even" style=""> <td style="width:43%; vertical-align:bottom; "> Real estate </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:43%; vertical-align:bottom; "> Commercial: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:43%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 1,394 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 23 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,417 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:43%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 70 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 19 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 89 </td> </tr> <tr class="even" style=""> <td style="width:43%; vertical-align:bottom; "> Faith-based: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:43%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 3,962 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> (1 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 3,961 </td> </tr> <tr class="even" style=""> <td style="width:43%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 196 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> (41 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 155 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:43%; vertical-align:bottom; "> Industrial Revenue Bond </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 52 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> (52 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> — </td> </tr> <tr class="even" style=""> <td style="width:43%; vertical-align:bottom; border-bottom:0.5pt solid; "> Other </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:11%; vertical-align:bottom; border-bottom:0.5pt solid; "> 879 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> (455 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 424 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:43%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:11%; vertical-align:bottom; border-bottom:1.5pt solid; "> 10,205 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> 20 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 10,225 </td></tr></tbody> </table></div> As of December 31, 2019 and 2018, there were loans totaling $167,429 and $278,153, respectively, to affiliates of executive officers or directors.

A summary of loan categories is as follows: <div> <table cellpadding="0" style="border-collapse: collapse;" width="80.1418439716312%"> <thead> <tr class="odd" style=""> <td style="width:76%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:23%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, </td> </tr> <tr class="even" style=""> <td style="width:76%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:76%; vertical-align:bottom; "> Commercial and industrial </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 323,857 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 277,091 </td> </tr> <tr class="even" style=""> <td style="width:76%; vertical-align:bottom; "> Real estate </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:76%; vertical-align:bottom; "> Commercial: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:76%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 101,654 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 95,605 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:76%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 25,299 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 11,858 </td> </tr> <tr class="even" style=""> <td style="width:76%; vertical-align:bottom; "> Faith-based: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:76%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 305,826 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 316,147 </td> </tr> <tr class="even" style=""> <td style="width:76%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 15,945 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 20,576 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:76%; vertical-align:bottom; border-bottom:0.5pt solid; "> Other </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 57 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 310 </td> </tr> <tr class="even" style=""> <td style="width:76%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total loans </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 772,638 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 721,587 </td></tr></tbody> </table></div>

323857000

277091000

101654000

95605000

25299000

11858000

305826000

316147000

15945000

20576000

57000

310000

772638000

721587000

<div> 42 <hr style="border-top:2.0pt solid #808080;"/> <div style="page-break-after: always;"/> </div> <a href="#t001">Table of Contents</a> The following table presents the aging of loans by loan categories at December 31, 2019: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:40%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="8" style="width:29%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Performing </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:19%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Nonperforming </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:40%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Current </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 30-59 Days </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 60-89 Days </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 90 Days and Over </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Non- accrual </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Total Loans </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Commercial and industrial </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> 323,857 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> 323,857 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Real estate </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Commercial: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 101,654 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 101,654 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 25,299 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 25,299 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Faith-based: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 305,826 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 305,826 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 15,945 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 15,945 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; border-bottom:0.5pt solid; "> Other </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> 57 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> 57 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> 772,638 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> 772,638 </td> </tr> </tbody> </table> </div> The following table presents the aging of loans by loan categories at December 31, 2018: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:40%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="8" style="width:29%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Performing </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:19%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Nonperforming </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:40%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Current </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 30-59 Days </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 60-89 Days </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 90 Days and Over </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Non- accrual </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Total Loans </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Commercial and industrial </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> 277,091 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> 277,091 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Real estate </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Commercial: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 95,605 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 95,605 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 11,858 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 11,858 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Faith-based: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 316,147 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 316,147 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 20,576 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 20,576 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; border-bottom:0.5pt solid; "> Other </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> 310 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> 310 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> 721,587 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> 721,587 </td></tr></tbody> </table></div>

323857000

101654000

25299000

305826000

15945000

57000

772638000

277091000

95605000

11858000

316147000

20576000

310000

721587000

The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of December 31, 2019: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:40%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:15%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Loans Subject to Normal Monitoring(1) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:15%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Performing Loans Subject to Special Monitoring(2) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:15%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Nonperforming Loans Subject to Special Monitoring(2) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Total Loans </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Commercial and industrial </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:14%; vertical-align:bottom; "> 321,554 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:14%; vertical-align:bottom; "> 2,303 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 323,857 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Real estate </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Commercial: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 100,346 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 1,308 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 101,654 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 25,299 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 25,299 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Faith-based: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 304,513 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 1,313 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 305,826 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 15,945 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 15,945 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; border-bottom:0.5pt solid; "> Other </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:14%; vertical-align:bottom; border-bottom:0.5pt solid; "> 57 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:14%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:14%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 57 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:14%; vertical-align:bottom; border-bottom:1.5pt solid; "> 767,714 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:14%; vertical-align:bottom; border-bottom:1.5pt solid; "> 4,924 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:14%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 772,638 </td> </tr> </tbody> </table> </div> <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <tbody> <tr class="odd" style=""> <td style="width:3%; vertical-align:top; "> (1) </td> <td style="width:95%; vertical-align:top; "> Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligation. </td> </tr> <tr class="even" style=""> <td style="width:3%; vertical-align:top; "> (2) </td> <td style="width:95%; vertical-align:top; "> Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention. </td> </tr> </tbody> </table> </div> <div> 43 <hr style="border-top:2.0pt solid #808080;"/> <div style="page-break-after: always;"/> </div> <a href="#t001">Table of Contents</a> The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of December 31, 2018: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:40%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:15%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Loans Subject to Normal Monitoring(1) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:15%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Performing Loans Subject to Special Monitoring(2) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:15%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Nonperforming Loans Subject to Special Monitoring(2) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Total Loans </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Commercial and industrial </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:14%; vertical-align:bottom; "> 275,308 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:14%; vertical-align:bottom; "> 1,783 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 277,091 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Real estate </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Commercial: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 95,447 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 158 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 95,605 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 11,858 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 11,858 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Faith-based: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 314,940 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 1,207 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 316,147 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> 20,576 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:14%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 20,576 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:40%; vertical-align:bottom; border-bottom:0.5pt solid; "> Other </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:14%; vertical-align:bottom; border-bottom:0.5pt solid; "> 310 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:14%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:14%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 310 </td> </tr> <tr class="even" style=""> <td style="width:40%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:14%; vertical-align:bottom; border-bottom:1.5pt solid; "> 718,439 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:14%; vertical-align:bottom; border-bottom:1.5pt solid; "> 3,148 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:14%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 721,587 </td> </tr> </tbody> </table> </div> <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <tbody> <tr class="odd" style=""> <td style="width:3%; vertical-align:top; "> (1) </td> <td style="width:95%; vertical-align:top; "> Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligation. </td> </tr> <tr class="even" style=""> <td style="width:3%; vertical-align:top; "> (2) </td> <td style="width:95%; vertical-align:top; "> Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention. </td></tr></tbody> </table></div>

321554000

2303000

323857000

100346000

1308000

101654000

25299000

304513000

1313000

305826000

15945000

57000

767714000

4924000

772638000

275308000

1783000

277091000

95447000

158000

95605000

11858000

314940000

1207000

316147000

20576000

310000

718439000

3148000

721587000

166000

0 0 24000 0 0 17000

A summary of the activity in the allowance for loan losses for the period ended December 31, 2019 is as follows: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:43%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:12%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, 2018 </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Charge- Offs </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Recoveries </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Provision </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, 2019 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:43%; vertical-align:bottom; "> Commercial and industrial </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:11%; vertical-align:bottom; "> 4,179 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> 81 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> 593 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 4,853 </td> </tr> <tr class="even" style=""> <td style="width:43%; vertical-align:bottom; "> Real estate </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:43%; vertical-align:bottom; "> Commercial: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:43%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 1,417 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 105 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,522 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:43%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 89 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 101 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 190 </td> </tr> <tr class="even" style=""> <td style="width:43%; vertical-align:bottom; "> Faith-based: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:43%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 3,961 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> (135 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 3,826 </td> </tr> <tr class="even" style=""> <td style="width:43%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 155 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> (35 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 120 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:43%; vertical-align:bottom; border-bottom:0.5pt solid; "> Other </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:11%; vertical-align:bottom; border-bottom:0.5pt solid; "> 424 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> (379 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 45 </td> </tr> <tr class="even" style=""> <td style="width:43%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:11%; vertical-align:bottom; border-bottom:1.5pt solid; "> 10,225 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> 81 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> 250 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 10,556 </td> </tr> </tbody> </table> </div> <div> 44 <hr style="border-top:2.0pt solid #808080;"/> <div style="page-break-after: always;"/> </div> <a href="#t001">Table of Contents</a> A summary of the activity in the allowance for loan losses for the period ended December 31, 2018 is as follows: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:43%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:12%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, 2017 </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Charge- Offs </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Recoveries </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:10%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Provision </td> <td style="width:1%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, 2018 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:43%; vertical-align:bottom; "> Commercial and industrial </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:11%; vertical-align:bottom; "> 3,652 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> 20 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> 507 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 4,179 </td> </tr> <tr class="even" style=""> <td style="width:43%; vertical-align:bottom; "> Real estate </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:43%; vertical-align:bottom; "> Commercial: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:43%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 1,394 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 23 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,417 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:43%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 70 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 19 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 89 </td> </tr> <tr class="even" style=""> <td style="width:43%; vertical-align:bottom; "> Faith-based: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:43%; vertical-align:bottom; "> Mortgage </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 3,962 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> (1 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 3,961 </td> </tr> <tr class="even" style=""> <td style="width:43%; vertical-align:bottom; "> Construction </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 196 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> (41 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 155 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:43%; vertical-align:bottom; "> Industrial Revenue Bond </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 52 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> (52 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> — </td> </tr> <tr class="even" style=""> <td style="width:43%; vertical-align:bottom; border-bottom:0.5pt solid; "> Other </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:11%; vertical-align:bottom; border-bottom:0.5pt solid; "> 879 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> (455 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 424 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:43%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:11%; vertical-align:bottom; border-bottom:1.5pt solid; "> 10,205 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> 20 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 10,225 </td></tr></tbody> </table></div>

4179000

81000

593000

4853000

1417000

105000

1522000

89000

101000

190000

3961000

-135000

3826000

155000

-35000

120000

424000

-379000

45000

10225000

81000

250000

10556000

3652000

20000

507000

4179000

1394000

23000

1417000

70000

19000

89000

3962000

-1000

3961000

196000

-41000

155000

52000

-52000

879000

-455000

424000

10205000

20000

10225000

167429

278153

A summary of premises and equipment is as follows: <div> <table cellpadding="0" style="border-collapse: collapse;" width="80.1418439716312%"> <thead> <tr class="odd" style=""> <td style="width:72%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:27%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, </td> </tr> <tr class="even" style=""> <td style="width:72%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:13%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:13%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:72%; vertical-align:bottom; "> Land </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 873 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 873 </td> </tr> <tr class="even" style=""> <td style="width:72%; vertical-align:bottom; "> Buildings </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 14,763 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 14,684 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:72%; vertical-align:bottom; "> Leasehold improvements </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 1,843 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 2,537 </td> </tr> <tr class="even" style=""> <td style="width:72%; vertical-align:bottom; "> Furniture, fixtures and equipment </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 12,104 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 16,332 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:72%; vertical-align:bottom; "> Purchased software </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 3,973 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 5,043 </td> </tr> <tr class="even" style=""> <td style="width:72%; vertical-align:bottom; border-bottom:0.5pt solid; "> Internally developed software </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 18,780 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 17,428 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:72%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 52,336 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 56,897 </td> </tr> <tr class="even" style=""> <td style="width:72%; vertical-align:bottom; border-bottom:0.5pt solid; "> Less accumulated depreciation </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 31,809 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 34,866 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:72%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:1.5pt solid; "> 20,527 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:1.5pt solid; "> 22,031 </td></tr></tbody> </table></div>

873000

14763000

14684000

1843000

2537000

12104000

16332000

3973000

5043000

18780000

17428000

52336000

56897000

31809000

34866000

20527000

22031000

4227000

3954000

3624000

4983000

2610000

1693000

490000

190000

P15Y

3000000

4000000

1983000

Details of the Company’s intangible assets are as follows: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:44%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="6" style="width:27%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, 2019 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="6" style="width:27%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, 2018 </td> </tr> <tr class="even" style=""> <td style="width:44%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:13%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Gross Carrying Amount </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:13%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Accumulated Amortization </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:13%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Gross Carrying Amount </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:13%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Accumulated Amortization </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:44%; vertical-align:bottom; "> Assets eligible for amortization: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:44%; vertical-align:bottom; "> Customer lists </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 4,778 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:11%; vertical-align:bottom; "> (3,463 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 4,288 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:11%; vertical-align:bottom; "> (3,071 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:44%; vertical-align:bottom; "> Patent </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 72 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> (20 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 72 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> (16 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="even" style=""> <td style="width:44%; vertical-align:bottom; "> Non-compete agreements </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 332 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> (332 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 332 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> (326 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:44%; vertical-align:bottom; "> Software </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 2,844 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> (358 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 234 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> (234 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="even" style=""> <td style="width:44%; vertical-align:bottom; "> Trade Name </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 190 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> (3 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:44%; vertical-align:bottom; "> Other </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 500 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> (259 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 500 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> (225 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="even" style=""> <td style="width:44%; vertical-align:bottom; "> Unamortized intangible assets: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:44%; vertical-align:bottom; border-bottom:0.5pt solid; "> Goodwill (1) </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 14,489 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:11%; vertical-align:bottom; border-bottom:0.5pt solid; "> (227 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 12,796 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:11%; vertical-align:bottom; border-bottom:0.5pt solid; "> (227 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> </tr> <tr class="even" style=""> <td style="width:44%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total intangible assets </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:1.5pt solid; "> 23,205 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:11%; vertical-align:bottom; border-bottom:1.5pt solid; "> (4,662 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:1.5pt solid; "> 18,222 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:11%; vertical-align:bottom; border-bottom:1.5pt solid; "> (4,099 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> ) </td> </tr> </tbody> </table> </div> <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <tbody> <tr class="odd" style=""> <td style="width:3%; vertical-align:top; "> (1) </td> <td style="width:95%; vertical-align:top; "> Amortization through December 31, 2001 prior to adoption of FASB ASC 350. </td></tr></tbody> </table></div>

4778000

3463000

4288000

3071000

72000

20000

72000

16000

332000

326000

2844000

358000

234000

190000

3000

500000

259000

500000

225000

14489000

227000

12796000

227000

23205000

4662000

18222000

4099000

P7Y

P10Y

P18Y

P2Y

P5Y

P3Y

P7Y

P20Y

P15Y

563000

442000

427000

859000

540000

498000

Interest-bearing deposits consist of the following: <div> <table cellpadding="0" style="border-collapse: collapse;" width="80.1418439716312%"> <thead> <tr class="odd" style=""> <td style="width:70%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="7" style="width:29%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, </td> </tr> <tr class="even" style=""> <td style="width:70%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:14%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:14%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Interest-bearing demand deposits </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 322,027 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 322,709 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Savings deposits </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 13,051 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 13,502 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Time deposits: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Less than $100 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 4,927 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 4,862 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> $100 to less than $250 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 48,353 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 51,658 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; border-bottom:0.5pt solid; "> $250 or more </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 17,687 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 15,937 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; border-bottom:0.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 406,045 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 408,668 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; border-bottom:1.5pt solid; "> Weighted average interest rate </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1.32 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> % </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1.00 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> % </td></tr></tbody> </table></div>

322027000

322709000

13051000

13502000

4927000

4862000

48353000 51658000 17687000 15937000

406045000

408668000

0.0132 0.0100 Interest on deposits consists of the following: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:64%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="8" style="width:35%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, </td> </tr> <tr class="even" style=""> <td style="width:64%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2017 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:64%; vertical-align:bottom; "> Interest-bearing demand deposits </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 3,686 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 2,832 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 1,611 </td> </tr> <tr class="even" style=""> <td style="width:64%; vertical-align:bottom; "> Savings deposits </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 103 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 109 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 79 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:64%; vertical-align:bottom; "> Time deposits: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:64%; vertical-align:bottom; "> Less than $100 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 905 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 433 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 234 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:64%; vertical-align:bottom; "> $100 to less than $250 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 216 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 152 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 114 </td> </tr> <tr class="even" style=""> <td style="width:64%; vertical-align:bottom; border-bottom:0.5pt solid; "> $250 or more </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 281 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 210 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 149 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:64%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 5,191 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 3,736 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 2,187 </td></tr></tbody> </table></div>

3686000

2832000

1611000

103000

109000

79000

905000

433000

234000

216000 152000 114000 281000 210000 149000

5191000

3736000

2187000

The scheduled maturities of time deposits are summarized as follows: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:60%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="11" style="width:39%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, </td> </tr> <tr class="even" style=""> <td style="width:60%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:19%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:19%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> </tr> <tr class="odd" style=""> <td style="width:60%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Amount </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Percent of Total </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Amount </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Percent of Total </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:60%; vertical-align:bottom; "> Due within: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:60%; vertical-align:bottom; "> One year </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> 47,881 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 67.5 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:8%; vertical-align:bottom; "> 51,154 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 70.6 </td> <td style="width:1%; vertical-align:bottom; "> % </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:60%; vertical-align:bottom; "> Two years </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 15,813 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 22.3 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 18,262 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 25.2 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:60%; vertical-align:bottom; "> Three years </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 5,584 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 7.8 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 140 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 0.2 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:60%; vertical-align:bottom; "> Four years </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 1,689 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 2.4 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 983 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:8%; vertical-align:bottom; "> 1.4 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:60%; vertical-align:bottom; border-bottom:0.5pt solid; "> Five years </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> ─ </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> ─ </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,918 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:0.5pt solid; "> 2.6 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:60%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> 70,967 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> 100.0 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> % </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> 72,457 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:8%; vertical-align:bottom; border-bottom:1.5pt solid; "> 100.0 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> % </td></tr></tbody> </table></div>

47881000

0.675

51154000

0.706

15813000

0.223

18262000

0.252

5584000

0.078

140000

0.002

1689000

0.024

983000

0.014

1918000

0.026

70967000

1.000

72457000

1.000

83000000

20000000

15000000

12000000

10000000

6000000

192045000

50000000

18000000

The table below shows activity in the outstanding shares of the Company’s common stock during 2019. <div> <table cellpadding="0" style="border-collapse: collapse;" width="59.9290780141844%"> <thead> <tr class="odd" style=""> <td style="width:80%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:80%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:19%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:80%; vertical-align:bottom; "> Shares outstanding at January 1 </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:18%; vertical-align:bottom; "> 14,611,286 </td> <td style="width:18%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:80%; vertical-align:bottom; "> Issuance of common stock: </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:18%; vertical-align:bottom; "> </td> <td style="width:18%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:80%; vertical-align:bottom; "> Employee restricted stock grants </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:18%; vertical-align:bottom; "> 18,121 </td> <td style="width:18%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:80%; vertical-align:bottom; "> Employee SARs exercised </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:18%; vertical-align:bottom; "> 27,274 </td> <td style="width:18%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:80%; vertical-align:bottom; "> Directors’ compensation </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:18%; vertical-align:bottom; "> 12,278 </td> <td style="width:18%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:80%; vertical-align:bottom; border-bottom:1.5pt solid; "> Shares repurchased </td> <td style="width:80%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:18%; vertical-align:bottom; border-bottom:1.5pt solid; "> (154,593 </td> <td style="width:18%; vertical-align:bottom; border-bottom:1.5pt solid; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:80%; vertical-align:bottom; border-bottom:1.5pt solid; "> Shares outstanding at December 31 </td> <td style="width:80%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:18%; vertical-align:bottom; border-bottom:1.5pt solid; "> 14,514,366 </td> <td style="width:18%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td></tr></tbody> </table></div>

14611286

18121

27274

12278

154593

14514366

The calculations of basic and diluted earnings per share are as follows: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:64%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="8" style="width:35%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, </td> </tr> <tr class="even" style=""> <td style="width:64%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands except share and per share data) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2017 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:64%; vertical-align:bottom; "> Basic: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:64%; vertical-align:bottom; "> Net income </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 30,404 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 30,268 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 25,014 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:64%; vertical-align:bottom; "> Weighted average common shares outstanding </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 14,434,445 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 14,675,136 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 14,700,558 </td> </tr> <tr class="even" style=""> <td style="width:64%; vertical-align:bottom; border-bottom:1.5pt solid; "> Basic earnings per share </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 2.11 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 2.06 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1.70 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:64%; vertical-align:bottom; "> Diluted: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:64%; vertical-align:bottom; "> Net income </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 30,404 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 30,268 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 25,014 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:64%; vertical-align:bottom; "> Weighted average common shares outstanding </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 14,434,445 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 14,675,136 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 14,700,558 </td> </tr> <tr class="even" style=""> <td style="width:64%; vertical-align:bottom; "> <p style="font-family: Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; padding-left:15pt; text-indent: -15pt !important; padding-left: 30pt !important; margin-bottom: 0pt;color:#000000; ">Effect of dilutive restricted stock, performance based restricted stock (“PBRS”), and SARs </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 257,480 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 239,066 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 215,332 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:64%; vertical-align:bottom; "> Weighted average common shares outstanding assuming dilution </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 14,691,925 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 14,914,202 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 14,915,890 </td> </tr> <tr class="even" style=""> <td style="width:64%; vertical-align:bottom; border-bottom:1.5pt solid; "> Diluted earnings per share </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 2.07 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 2.03 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1.68 </td></tr></tbody> </table></div>

30404000

30268000

25014000

14434445

14675136

14700558

2.11

2.06

1.70

30404000

30268000

25014000

14434445

14675136

257480

239066

215332

14691925

14914202

14915890

2.07

2.03

1.68

Note 10 Employee Benefit Plans Defined Benefit Plan The Company has a noncontributory defined-benefit pension plan (the “Plan”), which covers eligible employees. Effective December 31, 2016, the Plan was closed to all new participants. The Company accrues and makes contributions designed to fund normal service costs on a current basis using the projected unit credit with service proration method to amortize prior service costs arising from improvements in pension benefits and qualifying service prior to the establishment of the Plan over a period of approximately 30 years. A summary of the activity in the Plan’s projected benefit obligation, assets, funded status and amounts recognized in the Company’s consolidated balance sheets is as follows: <div> 47 <hr style="border-top:2.0pt solid #808080;"/> <div style="page-break-after: always;"/> </div> <a href="#t001">Table of Contents</a> <div> <table cellpadding="0" style="border-collapse: collapse;" width="80.1418439716312%"> <thead> <tr class="odd" style=""> <td style="width:70%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:14%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:14%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Projected benefit obligation: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Balance, January 1 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 96,401 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 98,790 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Service cost </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 3,554 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 4,017 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Interest cost </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 4,103 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 3,703 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Actuarial loss (gain) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 18,334 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> (7,768 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; border-bottom:0.5pt solid; "> Benefits paid </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> (2,565 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> (2,341 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; border-bottom:0.5pt solid; "> Balance, December 31 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 119,827 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 96,401 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Plan assets: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Fair value, January 1 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 74,580 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 81,427 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Actual return </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 15,719 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> (4,506 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Employer contribution </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 6,900 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; border-bottom:0.5pt solid; "> Benefits paid </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> (2,565 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> (2,341 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; border-bottom:0.5pt solid; "> Fair value, December 31 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 94,634 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 74,580 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Funded status: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; border-bottom:1.5pt solid; "> Accrued pension liability </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:1.5pt solid; "> (25,192 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:1.5pt solid; "> (21,821 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> ) </td></tr></tbody> </table></div> The following represent the major assumptions used to determine the projected benefit obligation of the Plan. For 2019 and 2018, the Plan’s expected benefit cash flows were discounted using the FTSE Above Median Double-A Curve while in 2017, the Plan’s expected benefit cash flows were discounted using the Citibank Above Median Curve. For 2019, the Pri-2012 Mortality Table and MP-2019 Mortality Improvement Scale were used. For 2018, the RP-2014 Mortality Table and the MP-2018 Mortality Improvement Scale were used. For 2017, the RP-2014 Mortality Table and MP-2017 Mortality Improvement Scale were used. <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:76%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:7%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:7%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:7%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2017 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:76%; vertical-align:bottom; "> Weighted average discount rate </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:6%; vertical-align:bottom; "> 3.30 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:6%; vertical-align:bottom; "> 4.30 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:6%; vertical-align:bottom; "> 3.75 </td> <td style="width:1%; vertical-align:bottom; "> % </td> </tr> <tr class="even" style=""> <td style="width:76%; vertical-align:bottom; "> Rate of increase in compensation levels </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:6%; vertical-align:bottom; "> (a) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:6%; vertical-align:bottom; "> (a) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:6%; vertical-align:bottom; "> (a) </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> </tbody> </table> </div> <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <tbody> <tr class="odd" style=""> <td style="width:3%; vertical-align:top; "> (a) </td> <td style="width:95%; vertical-align:top; "> 6.0% graded down to 3.25% over the first seven years of service. </td></tr></tbody> </table></div> The accumulated benefit obligation was $103,736,000 and $83,724,000 as of December 31, 2019 and 2018, respectively. During 2019, the Company made a contribution of $6,900,000 to the Plan. The Company has not determined if it will make a contribution to the Plan in 2020. The following pension benefit payments, which reflect expected future service, as appropriate, are expected to be paid by the Plan: <div> <table cellpadding="0" style="border-collapse: collapse;" width="59.9290780141844%"> <thead> <tr class="odd" style=""> <td style="width:83%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:83%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:16%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Amount </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:83%; vertical-align:bottom; "> 2020 </td> <td style="width:83%; vertical-align:bottom; "> </td> <td style="width:83%; vertical-align:bottom; "> $ </td> <td style="width:15%; vertical-align:bottom; "> 3,098,000 </td> </tr> <tr class="even" style=""> <td style="width:83%; vertical-align:bottom; "> 2021 </td> <td style="width:83%; vertical-align:bottom; "> </td> <td style="width:83%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 3,367,000 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:83%; vertical-align:bottom; "> 2022 </td> <td style="width:83%; vertical-align:bottom; "> </td> <td style="width:83%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 3,766,000 </td> </tr> <tr class="even" style=""> <td style="width:83%; vertical-align:bottom; "> 2023 </td> <td style="width:83%; vertical-align:bottom; "> </td> <td style="width:83%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 4,196,000 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:83%; vertical-align:bottom; "> 2024 </td> <td style="width:83%; vertical-align:bottom; "> </td> <td style="width:83%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 4,488,000 </td> </tr> <tr class="even" style=""> <td style="width:83%; vertical-align:bottom; "> 2025-2029 </td> <td style="width:83%; vertical-align:bottom; "> </td> <td style="width:83%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 27,343,000 </td></tr></tbody> </table></div> The Plan’s pension cost included the following components: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:61%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="11" style="width:38%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> For the Year Ended December 31, </td> </tr> <tr class="even" style=""> <td style="width:61%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:12%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:12%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:12%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2017 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Service cost – benefits earned during the year </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 3,555 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 4,017 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 3,733 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Interest cost on projected benefit obligations </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 4,103 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 3,703 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 3,621 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Expected return on plan assets </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (4,753 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (5,202 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (4,681 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; border-bottom:0.5pt solid; "> Net amortization and deferral </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,559 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,522 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,382 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; border-bottom:1.5pt solid; "> Net periodic pension cost </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 4,464 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 4,040 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 4,055 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td></tr></tbody> </table></div> The following represent the major assumptions used to determine the net pension cost of the Plan: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:73%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:8%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:8%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:8%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2017 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:73%; vertical-align:bottom; "> Weighted average discount rate </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 4.30 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 3.75 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 4.25 </td> <td style="width:1%; vertical-align:bottom; "> % </td> </tr> <tr class="even" style=""> <td style="width:73%; vertical-align:bottom; "> Rate of increase in compensation levels </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> (a </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> (a </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> (a </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:73%; vertical-align:bottom; "> Expected long-term rate of return on assets </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 6.50 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 6.50 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 6.50 </td> <td style="width:1%; vertical-align:bottom; "> % </td> </tr> </tbody> </table> </div> <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <tbody> <tr class="odd" style=""> <td style="width:3%; vertical-align:top; "> (a) </td> <td style="width:95%; vertical-align:top; "> 6.0% graded down to 3.25% over the first seven years of service </td></tr></tbody> </table></div> <div> 48 <hr style="border-top:2.0pt solid #808080;"/> <div style="page-break-after: always;"/> </div> <a href="#t001">Table of Contents</a> For 2019, the RP-2014 Mortality Table and the MP-2018 Mortality Improvement Table were used. For 2018, the RP-2014 Mortality Table and the MP-2017 Mortality Improvement Table were used. For 2017, the RP-2014 Mortality Table and the MP-2016 Mortality Improvement Table were used. The investment objective for the Plan is to maximize total return with a tolerance for average risk. Asset allocation is a balance between fixed income and equity investments, with a target allocation of approximately 51% fixed income, 19% U.S. equity and 30% non-U.S. equity. Due to volatility in the market, this target allocation is not always desirable and asset allocations can fluctuate between acceptable ranges. The fixed income component is invested in pooled investment grade securities. The equity components are invested in pooled large cap, small/mid cap and non-U.S. stocks. The expected one-year nominal returns and annual standard deviations are shown by asset class below: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:49%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Asset Class </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:16%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> % of Total Portfolio </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:16%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> One-Year Nominal Return </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:16%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Annual Standard Deviation </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:49%; vertical-align:bottom; "> Core Fixed Income </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 51 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 3.78 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 3.90 </td> <td style="width:1%; vertical-align:bottom; "> % </td> </tr> <tr class="even" style=""> <td style="width:49%; vertical-align:bottom; "> Large Cap U.S. Equities </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 14 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 6.55 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 15.30 </td> <td style="width:1%; vertical-align:bottom; "> % </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:49%; vertical-align:bottom; "> Small Cap U.S. Equities </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 5 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 7.58 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 19.00 </td> <td style="width:1%; vertical-align:bottom; "> % </td> </tr> <tr class="even" style=""> <td style="width:49%; vertical-align:bottom; "> International (Developed) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 25 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 7.86 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 17.22 </td> <td style="width:1%; vertical-align:bottom; "> % </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:49%; vertical-align:bottom; "> International (Emerging) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 5 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 10.24 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 25.05 </td> <td style="width:1%; vertical-align:bottom; "> % </td></tr></tbody> </table></div> Applying appropriate correlation factors between each of the asset classes the long-term rate of return on assets is estimated to be 6.50%. A summary of the fair value measurements by type of asset is as follows: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:30%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="17" style="width:69%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Fair Value Measurements as of December 31, </td> </tr> <tr class="even" style=""> <td style="width:30%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="8" style="width:34%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="8" style="width:34%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> </tr> <tr class="odd" style=""> <td style="width:30%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:8%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Total </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:12%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Quoted Prices in Active Markets for Identical Assets (Level 1) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:12%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Significant Observable Inputs (Level 2) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:8%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Total </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:12%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Quoted Prices in Active Markets for Identical Assets (Level 1) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:12%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Significant Observable Inputs (Level 2) </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:30%; vertical-align:bottom; "> Cash </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:7%; vertical-align:bottom; "> 462 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:11%; vertical-align:bottom; "> 462 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:7%; vertical-align:bottom; "> 423 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:11%; vertical-align:bottom; "> 423 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:11%; vertical-align:bottom; "> — </td> </tr> <tr class="even" style=""> <td style="width:30%; vertical-align:bottom; "> Equity securities </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:30%; vertical-align:bottom; "> U.S. Small/Mid Cap Growth </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 4,491 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 4,491 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 3,405 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 3,405 </td> </tr> <tr class="even" style=""> <td style="width:30%; vertical-align:bottom; "> Non-U. S. Core </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 23,975 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 23,975 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 18,398 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 18,398 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:30%; vertical-align:bottom; "> U.S. Large Cap Passive </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 13,523 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 13,523 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 10,471 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 10,471 </td> </tr> <tr class="even" style=""> <td style="width:30%; vertical-align:bottom; "> Emerging Markets </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 4,559 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 4,559 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 3,217 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 3,217 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:30%; vertical-align:bottom; "> Fixed Income </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:30%; vertical-align:bottom; "> U.S. Core </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 27,046 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 27,046 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 10,609 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 10,609 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:30%; vertical-align:bottom; "> U.S. Passive </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 15,255 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 15,255 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 23,827 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 23,827 </td> </tr> <tr class="even" style=""> <td style="width:30%; vertical-align:bottom; border-bottom:0.5pt solid; "> Opportunistic </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:7%; vertical-align:bottom; border-bottom:0.5pt solid; "> 5,323 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:11%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:11%; vertical-align:bottom; border-bottom:0.5pt solid; "> 5,323 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:7%; vertical-align:bottom; border-bottom:0.5pt solid; "> 4,230 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:11%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:11%; vertical-align:bottom; border-bottom:0.5pt solid; "> 4,230 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:30%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:7%; vertical-align:bottom; border-bottom:1.5pt solid; "> 94,634 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:11%; vertical-align:bottom; border-bottom:1.5pt solid; "> 462 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:11%; vertical-align:bottom; border-bottom:1.5pt solid; "> 94,172 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:7%; vertical-align:bottom; border-bottom:1.5pt solid; "> 74,580 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:11%; vertical-align:bottom; border-bottom:1.5pt solid; "> 423 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:11%; vertical-align:bottom; border-bottom:1.5pt solid; "> 74,157 </td></tr></tbody> </table></div> Supplemental Executive Retirement Plan The Company also has an unfunded supplemental executive retirement plan (“SERP”) which covers key executives of the Company whose benefits are limited by the Internal Revenue Service under the Company’s qualified retirement plan. The SERP is a noncontributory plan in which the Company’s subsidiaries make accruals designed to fund normal service costs on a current basis using the same method and criteria as the Plan. A summary of the activity in the SERP’s projected benefit obligation and amounts recognized in the Company’s consolidated balance sheets is as follows: <div> <table cellpadding="0" style="border-collapse: collapse;" width="80.1418439716312%"> <thead> <tr class="odd" style=""> <td style="width:70%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="7" style="width:29%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, </td> </tr> <tr class="even" style=""> <td style="width:70%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:14%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:14%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Benefit obligation: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Balance, January 1 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 10,097 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 10,094 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Service cost </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 97 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 92 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Interest cost </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 408 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 348 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Benefits paid </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> (262 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> (260 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; border-bottom:0.5pt solid; "> Actuarial loss (gain) </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,372 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> (177 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; border-bottom:1.5pt solid; "> Balance, December 31 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:1.5pt solid; "> 11,712 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:1.5pt solid; "> 10,097 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td></tr></tbody> </table></div> <div> 49 <hr style="border-top:2.0pt solid #808080;"/> <div style="page-break-after: always;"/> </div> <a href="#t001">Table of Contents</a> The following represent the major assumptions used to determine the projected benefit obligation of the SERP. For 2019 and 2018, the SERP’s expected benefit cash flows were discounted using the FTSE Above Median Double-A Curve. For 2017, the Citigroup Above Median Curve was used. <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:73%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:8%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:8%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:8%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2017 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:73%; vertical-align:bottom; "> Weighted average discount rate </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 3.00 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 4.10 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 3.50 </td> <td style="width:1%; vertical-align:bottom; "> % </td> </tr> <tr class="even" style=""> <td style="width:73%; vertical-align:bottom; "> Rate of increase in compensation levels </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> (a) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> (a) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> (a) </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> </tbody> </table> </div> <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <tbody> <tr class="odd" style=""> <td style="width:3%; vertical-align:top; "> (a) </td> <td style="width:95%; vertical-align:top; "> 6.00% graded down to 3.25% over the first seven years of service. </td></tr></tbody> </table></div> The accumulated benefit obligation was $10,485,000 and $8,830,000 as of December 31, 2019 and 2018, respectively. Since this is an unfunded plan, there are no plan assets. Benefits paid were $262,000 in 2019, $260,000 in 2018, and $247,000 in 2017. Expected future benefits payable by the Company over the next ten years are as follows: <div> <table cellpadding="0" style="border-collapse: collapse;" width="59.9290780141844%"> <thead> <tr class="odd" style=""> <td style="width:80%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:80%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:19%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Amount </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:80%; vertical-align:bottom; "> 2020 </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:80%; vertical-align:bottom; "> $ </td> <td style="width:18%; vertical-align:bottom; "> 291,000 </td> </tr> <tr class="even" style=""> <td style="width:80%; vertical-align:bottom; "> 2021 </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:18%; vertical-align:bottom; "> 344,000 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:80%; vertical-align:bottom; "> 2022 </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:18%; vertical-align:bottom; "> 752,000 </td> </tr> <tr class="even" style=""> <td style="width:80%; vertical-align:bottom; "> 2023 </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:18%; vertical-align:bottom; "> 829,000 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:80%; vertical-align:bottom; "> 2024 </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:18%; vertical-align:bottom; "> 826,000 </td> </tr> <tr class="even" style=""> <td style="width:80%; vertical-align:bottom; border-bottom:1.5pt solid; "> 2025-2029 </td> <td style="width:80%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:80%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:18%; vertical-align:bottom; border-bottom:1.5pt solid; "> 4,055,000 </td></tr></tbody> </table></div> The SERP’s pension cost included the following components: <div> <table cellpadding="0" style="border-collapse: collapse;" width="80.1418439716312%"> <thead> <tr class="odd" style=""> <td style="width:64%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="8" style="width:35%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> For the Year Ended December 31, </td> </tr> <tr class="even" style=""> <td style="width:64%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2017 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:64%; vertical-align:bottom; "> Service cost – benefits earned during the year </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 97 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 92 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 143 </td> </tr> <tr class="even" style=""> <td style="width:64%; vertical-align:bottom; "> Interest cost on projected benefit obligations </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 408 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 348 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 360 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:64%; vertical-align:bottom; border-bottom:0.5pt solid; "> Net amortization and deferral </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 276 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 581 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 324 </td> </tr> <tr class="even" style=""> <td style="width:64%; vertical-align:bottom; border-bottom:1.5pt solid; "> Net periodic pension cost </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 781 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1,021 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 827 </td></tr></tbody> </table></div> The pretax amounts in accumulated other comprehensive loss as of December 31 were as follows: <div> <table cellpadding="0" style="border-collapse: collapse;" width="80.1418439716312%"> <thead> <tr class="odd" style=""> <td style="width:56%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:21%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> The Plan </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:21%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> SERP </td> </tr> <tr class="even" style=""> <td style="width:56%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:56%; vertical-align:bottom; "> Prior service cost </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> — </td> </tr> <tr class="even" style=""> <td style="width:56%; vertical-align:bottom; border-bottom:0.5pt solid; "> Net actuarial loss </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 29,387 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 23,580 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 2,724 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,629 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:56%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 29,387 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 23,580 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 2,724 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1,629 </td></tr></tbody> </table></div> The estimated pretax prior service cost and net actuarial loss in accumulated other comprehensive loss at December 31, 2019 expected to be recognized as components of net periodic benefit cost in 2020 for the Plan are $0 and $1,890,000, respectively. The estimated pretax prior service cost and net actuarial loss in accumulated other comprehensive loss at December 31, 2019 expected to be recognized as components of net periodic benefit cost in 2020 for the SERP are $0 and $112,000, respectively. The Company also maintains a noncontributory profit sharing program, which covers most of its employees. Employer contributions are calculated based upon formulas which relate to current operating results and other factors. Profit sharing expense recognized in personnel expense in the consolidated statements of income in 2019, 2018, and 2017 was $6,841,000, $6,810,000, and $5,799,000, respectively. The Company also sponsors a defined contribution 401(k) plan to provide additional retirement benefits to substantially all employees. Contributions under the 401(k) plan for 2019, 2018 and 2017 were $1,378,000, $1,109,000, and $925,000, respectively.

A summary of the activity in the Plan’s projected benefit obligation, assets, funded status and amounts recognized in the Company’s consolidated balance sheets is as follows: <div> 47 <hr style="border-top:2.0pt solid #808080;"/> <div style="page-break-after: always;"/> </div> <a href="#t001">Table of Contents</a> <div> <table cellpadding="0" style="border-collapse: collapse;" width="80.1418439716312%"> <thead> <tr class="odd" style=""> <td style="width:70%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:14%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:14%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Projected benefit obligation: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Balance, January 1 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 96,401 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 98,790 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Service cost </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 3,554 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 4,017 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Interest cost </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 4,103 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 3,703 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Actuarial loss (gain) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 18,334 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> (7,768 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; border-bottom:0.5pt solid; "> Benefits paid </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> (2,565 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> (2,341 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; border-bottom:0.5pt solid; "> Balance, December 31 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 119,827 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 96,401 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Plan assets: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Fair value, January 1 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 74,580 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 81,427 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Actual return </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 15,719 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> (4,506 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Employer contribution </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 6,900 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; border-bottom:0.5pt solid; "> Benefits paid </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> (2,565 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> (2,341 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; border-bottom:0.5pt solid; "> Fair value, December 31 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 94,634 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 74,580 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Funded status: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; border-bottom:1.5pt solid; "> Accrued pension liability </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:1.5pt solid; "> (25,192 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:1.5pt solid; "> (21,821 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> ) </td></tr></tbody> </table></div>

96401000

98790000

3554000

4017000

4103000

3703000

18334000

-7768000

2565000

2341000

119827000

96401000

74580000

81427000

15719000

-4506000

6900000

2565000

2341000

94634000

74580000

-25192000

-21821000

The following represent the major assumptions used to determine the projected benefit obligation of the Plan. For 2019 and 2018, the Plan’s expected benefit cash flows were discounted using the FTSE Above Median Double-A Curve while in 2017, the Plan’s expected benefit cash flows were discounted using the Citibank Above Median Curve. For 2019, the Pri-2012 Mortality Table and MP-2019 Mortality Improvement Scale were used. For 2018, the RP-2014 Mortality Table and the MP-2018 Mortality Improvement Scale were used. For 2017, the RP-2014 Mortality Table and MP-2017 Mortality Improvement Scale were used. <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:76%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:7%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:7%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:7%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2017 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:76%; vertical-align:bottom; "> Weighted average discount rate </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:6%; vertical-align:bottom; "> 3.30 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:6%; vertical-align:bottom; "> 4.30 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:6%; vertical-align:bottom; "> 3.75 </td> <td style="width:1%; vertical-align:bottom; "> % </td> </tr> <tr class="even" style=""> <td style="width:76%; vertical-align:bottom; "> Rate of increase in compensation levels </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:6%; vertical-align:bottom; "> (a) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:6%; vertical-align:bottom; "> (a) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:6%; vertical-align:bottom; "> (a) </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> </tbody> </table> </div> <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <tbody> <tr class="odd" style=""> <td style="width:3%; vertical-align:top; "> (a) </td> <td style="width:95%; vertical-align:top; "> 6.0% graded down to 3.25% over the first seven years of service. </td></tr></tbody> </table></div>

0.0330

0.0430

0.0375

The accumulated benefit obligation was $103,736,000 and $83,724,000 as of December 31, 2019 and 2018, respectively. During 2019, the Company made a contribution of $6,900,000 to the Plan. The Company has not determined if it will make a contribution to the Plan in 2020. The following pension benefit payments, which reflect expected future service, as appropriate, are expected to be paid by the Plan: <div> <table cellpadding="0" style="border-collapse: collapse;" width="59.9290780141844%"> <thead> <tr class="odd" style=""> <td style="width:83%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:83%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:16%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Amount </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:83%; vertical-align:bottom; "> 2020 </td> <td style="width:83%; vertical-align:bottom; "> </td> <td style="width:83%; vertical-align:bottom; "> $ </td> <td style="width:15%; vertical-align:bottom; "> 3,098,000 </td> </tr> <tr class="even" style=""> <td style="width:83%; vertical-align:bottom; "> 2021 </td> <td style="width:83%; vertical-align:bottom; "> </td> <td style="width:83%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 3,367,000 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:83%; vertical-align:bottom; "> 2022 </td> <td style="width:83%; vertical-align:bottom; "> </td> <td style="width:83%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 3,766,000 </td> </tr> <tr class="even" style=""> <td style="width:83%; vertical-align:bottom; "> 2023 </td> <td style="width:83%; vertical-align:bottom; "> </td> <td style="width:83%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 4,196,000 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:83%; vertical-align:bottom; "> 2024 </td> <td style="width:83%; vertical-align:bottom; "> </td> <td style="width:83%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 4,488,000 </td> </tr> <tr class="even" style=""> <td style="width:83%; vertical-align:bottom; "> 2025-2029 </td> <td style="width:83%; vertical-align:bottom; "> </td> <td style="width:83%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 27,343,000 </td></tr></tbody> </table></div>

103736000

83724000

6900000

3098000

3367000

3766000

4196000

4488000

27343000

The Plan’s pension cost included the following components: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:61%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="11" style="width:38%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> For the Year Ended December 31, </td> </tr> <tr class="even" style=""> <td style="width:61%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:12%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:12%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:12%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2017 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Service cost – benefits earned during the year </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 3,555 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 4,017 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 3,733 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Interest cost on projected benefit obligations </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 4,103 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 3,703 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 3,621 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Expected return on plan assets </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (4,753 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (5,202 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (4,681 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; border-bottom:0.5pt solid; "> Net amortization and deferral </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,559 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,522 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,382 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; border-bottom:1.5pt solid; "> Net periodic pension cost </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 4,464 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 4,040 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 4,055 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td></tr></tbody> </table></div>

3555000

4017000

3733000

4103000

3703000

3621000

4753000

5202000

4681000

1559000

1522000

1382000

4464000

4040000

4055000

The following represent the major assumptions used to determine the net pension cost of the Plan: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:73%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:8%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:8%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:8%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2017 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:73%; vertical-align:bottom; "> Weighted average discount rate </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 4.30 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 3.75 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 4.25 </td> <td style="width:1%; vertical-align:bottom; "> % </td> </tr> <tr class="even" style=""> <td style="width:73%; vertical-align:bottom; "> Rate of increase in compensation levels </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> (a </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> (a </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> (a </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:73%; vertical-align:bottom; "> Expected long-term rate of return on assets </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 6.50 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 6.50 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 6.50 </td> <td style="width:1%; vertical-align:bottom; "> % </td> </tr> </tbody> </table> </div> <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <tbody> <tr class="odd" style=""> <td style="width:3%; vertical-align:top; "> (a) </td> <td style="width:95%; vertical-align:top; "> 6.0% graded down to 3.25% over the first seven years of service </td></tr></tbody> </table></div>

0.0430

0.0375

0.0425

0.0650

The investment objective for the Plan is to maximize total return with a tolerance for average risk. Asset allocation is a balance between fixed income and equity investments, with a target allocation of approximately 51% fixed income, 19% U.S. equity and 30% non-U.S. equity. Due to volatility in the market, this target allocation is not always desirable and asset allocations can fluctuate between acceptable ranges. The fixed income component is invested in pooled investment grade securities. The equity components are invested in pooled large cap, small/mid cap and non-U.S. stocks. The expected one-year nominal returns and annual standard deviations are shown by asset class below: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:49%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Asset Class </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:16%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> % of Total Portfolio </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:16%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> One-Year Nominal Return </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:16%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Annual Standard Deviation </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:49%; vertical-align:bottom; "> Core Fixed Income </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 51 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 3.78 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 3.90 </td> <td style="width:1%; vertical-align:bottom; "> % </td> </tr> <tr class="even" style=""> <td style="width:49%; vertical-align:bottom; "> Large Cap U.S. Equities </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 14 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 6.55 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 15.30 </td> <td style="width:1%; vertical-align:bottom; "> % </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:49%; vertical-align:bottom; "> Small Cap U.S. Equities </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 5 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 7.58 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 19.00 </td> <td style="width:1%; vertical-align:bottom; "> % </td> </tr> <tr class="even" style=""> <td style="width:49%; vertical-align:bottom; "> International (Developed) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 25 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 7.86 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 17.22 </td> <td style="width:1%; vertical-align:bottom; "> % </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:49%; vertical-align:bottom; "> International (Emerging) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 5 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 10.24 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 25.05 </td> <td style="width:1%; vertical-align:bottom; "> % </td></tr></tbody> </table></div>

0.51

0.19

0.30

0.51

0.0378 0.0390

0.14

0.0655 0.1530

0.05

0.0758 0.1900

0.25

0.0786 0.1722

0.05

0.1024 0.2505 A summary of the fair value measurements by type of asset is as follows: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:30%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="17" style="width:69%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Fair Value Measurements as of December 31, </td> </tr> <tr class="even" style=""> <td style="width:30%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="8" style="width:34%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="8" style="width:34%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> </tr> <tr class="odd" style=""> <td style="width:30%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:8%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Total </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:12%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Quoted Prices in Active Markets for Identical Assets (Level 1) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:12%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Significant Observable Inputs (Level 2) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:8%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Total </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:12%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Quoted Prices in Active Markets for Identical Assets (Level 1) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:12%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Significant Observable Inputs (Level 2) </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:30%; vertical-align:bottom; "> Cash </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:7%; vertical-align:bottom; "> 462 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:11%; vertical-align:bottom; "> 462 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:7%; vertical-align:bottom; "> 423 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:11%; vertical-align:bottom; "> 423 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:11%; vertical-align:bottom; "> — </td> </tr> <tr class="even" style=""> <td style="width:30%; vertical-align:bottom; "> Equity securities </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:30%; vertical-align:bottom; "> U.S. Small/Mid Cap Growth </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 4,491 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 4,491 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 3,405 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 3,405 </td> </tr> <tr class="even" style=""> <td style="width:30%; vertical-align:bottom; "> Non-U. S. Core </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 23,975 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 23,975 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 18,398 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 18,398 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:30%; vertical-align:bottom; "> U.S. Large Cap Passive </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 13,523 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 13,523 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 10,471 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 10,471 </td> </tr> <tr class="even" style=""> <td style="width:30%; vertical-align:bottom; "> Emerging Markets </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 4,559 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 4,559 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 3,217 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 3,217 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:30%; vertical-align:bottom; "> Fixed Income </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:30%; vertical-align:bottom; "> U.S. Core </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 27,046 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 27,046 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 10,609 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 10,609 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:30%; vertical-align:bottom; "> U.S. Passive </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 15,255 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 15,255 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 23,827 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:11%; vertical-align:bottom; "> 23,827 </td> </tr> <tr class="even" style=""> <td style="width:30%; vertical-align:bottom; border-bottom:0.5pt solid; "> Opportunistic </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:7%; vertical-align:bottom; border-bottom:0.5pt solid; "> 5,323 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:11%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:11%; vertical-align:bottom; border-bottom:0.5pt solid; "> 5,323 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:7%; vertical-align:bottom; border-bottom:0.5pt solid; "> 4,230 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:11%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:11%; vertical-align:bottom; border-bottom:0.5pt solid; "> 4,230 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:30%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:7%; vertical-align:bottom; border-bottom:1.5pt solid; "> 94,634 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:11%; vertical-align:bottom; border-bottom:1.5pt solid; "> 462 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:11%; vertical-align:bottom; border-bottom:1.5pt solid; "> 94,172 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:7%; vertical-align:bottom; border-bottom:1.5pt solid; "> 74,580 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:11%; vertical-align:bottom; border-bottom:1.5pt solid; "> 423 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:11%; vertical-align:bottom; border-bottom:1.5pt solid; "> 74,157 </td></tr></tbody> </table></div>

462000

423000

4491000

3405000

23975000

18398000

13523000

10471000

4559000

3217000

27046000

10609000

15255000

23827000

5323000

4230000

94634000

462000

94172000

74580000

423000

74157000

10097000

10094000

97000

92000

408000

348000

262000

260000

1372000

-177000

11712000

10097000

The following represent the major assumptions used to determine the projected benefit obligation of the SERP. For 2019 and 2018, the SERP’s expected benefit cash flows were discounted using the FTSE Above Median Double-A Curve. For 2017, the Citigroup Above Median Curve was used. <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:73%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:8%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:8%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:8%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2017 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:73%; vertical-align:bottom; "> Weighted average discount rate </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 3.00 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 4.10 </td> <td style="width:1%; vertical-align:bottom; "> % </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> 3.50 </td> <td style="width:1%; vertical-align:bottom; "> % </td> </tr> <tr class="even" style=""> <td style="width:73%; vertical-align:bottom; "> Rate of increase in compensation levels </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> (a) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> (a) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:7%; vertical-align:bottom; "> (a) </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> </tbody> </table> </div> <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <tbody> <tr class="odd" style=""> <td style="width:3%; vertical-align:top; "> (a) </td> <td style="width:95%; vertical-align:top; "> 6.00% graded down to 3.25% over the first seven years of service. </td></tr></tbody> </table></div>

0.0300

0.0410

0.0350

The accumulated benefit obligation was $10,485,000 and $8,830,000 as of December 31, 2019 and 2018, respectively. Since this is an unfunded plan, there are no plan assets. Benefits paid were $262,000 in 2019, $260,000 in 2018, and $247,000 in 2017. Expected future benefits payable by the Company over the next ten years are as follows: <div> <table cellpadding="0" style="border-collapse: collapse;" width="59.9290780141844%"> <thead> <tr class="odd" style=""> <td style="width:80%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:80%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:19%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Amount </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:80%; vertical-align:bottom; "> 2020 </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:80%; vertical-align:bottom; "> $ </td> <td style="width:18%; vertical-align:bottom; "> 291,000 </td> </tr> <tr class="even" style=""> <td style="width:80%; vertical-align:bottom; "> 2021 </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:18%; vertical-align:bottom; "> 344,000 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:80%; vertical-align:bottom; "> 2022 </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:18%; vertical-align:bottom; "> 752,000 </td> </tr> <tr class="even" style=""> <td style="width:80%; vertical-align:bottom; "> 2023 </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:18%; vertical-align:bottom; "> 829,000 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:80%; vertical-align:bottom; "> 2024 </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:80%; vertical-align:bottom; "> </td> <td style="width:18%; vertical-align:bottom; "> 826,000 </td> </tr> <tr class="even" style=""> <td style="width:80%; vertical-align:bottom; border-bottom:1.5pt solid; "> 2025-2029 </td> <td style="width:80%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:80%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:18%; vertical-align:bottom; border-bottom:1.5pt solid; "> 4,055,000 </td></tr></tbody> </table></div>

10485000

8830000

262000

260000

247000

291000

344000

752000

829000

826000

4055000

The SERP’s pension cost included the following components: <div> <table cellpadding="0" style="border-collapse: collapse;" width="80.1418439716312%"> <thead> <tr class="odd" style=""> <td style="width:64%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="8" style="width:35%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> For the Year Ended December 31, </td> </tr> <tr class="even" style=""> <td style="width:64%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2017 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:64%; vertical-align:bottom; "> Service cost – benefits earned during the year </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 97 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 92 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 143 </td> </tr> <tr class="even" style=""> <td style="width:64%; vertical-align:bottom; "> Interest cost on projected benefit obligations </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 408 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 348 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 360 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:64%; vertical-align:bottom; border-bottom:0.5pt solid; "> Net amortization and deferral </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 276 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 581 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 324 </td> </tr> <tr class="even" style=""> <td style="width:64%; vertical-align:bottom; border-bottom:1.5pt solid; "> Net periodic pension cost </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 781 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1,021 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 827 </td></tr></tbody> </table></div>

97000

92000

143000

408000

348000

360000

276000

581000

324000

781000

1021000

827000

The pretax amounts in accumulated other comprehensive loss as of December 31 were as follows: <div> <table cellpadding="0" style="border-collapse: collapse;" width="80.1418439716312%"> <thead> <tr class="odd" style=""> <td style="width:56%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:21%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> The Plan </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:21%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> SERP </td> </tr> <tr class="even" style=""> <td style="width:56%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:56%; vertical-align:bottom; "> Prior service cost </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> — </td> </tr> <tr class="even" style=""> <td style="width:56%; vertical-align:bottom; border-bottom:0.5pt solid; "> Net actuarial loss </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 29,387 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 23,580 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 2,724 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,629 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:56%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 29,387 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 23,580 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 2,724 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1,629 </td></tr></tbody> </table></div>

-29387000

-23580000

-2724000

-1629000

29387000

23580000

2724000

1629000

1890000

112000

6841000

6810000

5799000

1378000

1109000

925000

1500000

P3Y

Changes in restricted shares outstanding for the year ended December 31, 2019 were as follows: <div> <table cellpadding="0" style="border-collapse: collapse;" width="80.1418439716312%"> <thead> <tr class="odd" style=""> <td style="width:71%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:9%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Shares </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:17%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Weighted Average Grant Date Fair Value </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:71%; vertical-align:bottom; border-bottom:1.5pt solid; "> Balance at December 31, 2018 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 99,724 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:17%; vertical-align:bottom; border-bottom:1.5pt solid; "> $45.48 </td> </tr> <tr class="even" style=""> <td style="width:71%; vertical-align:bottom; "> Granted </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 36,812 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:17%; vertical-align:bottom; "> 49.30 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:71%; vertical-align:bottom; border-bottom:1.5pt solid; "> Vested </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> (13,264 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:17%; vertical-align:bottom; border-bottom:1.5pt solid; "> 39.76 </td> </tr> <tr class="even" style=""> <td style="width:71%; vertical-align:bottom; border-bottom:1.5pt solid; "> Balance at December 31, 2019 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 123,272 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:17%; vertical-align:bottom; border-bottom:1.5pt solid; "> $47.24 </td></tr></tbody> </table></div>

99724

45.48

36812

49.30

13264

39.76

123272

47.24

35000

31277

49.79

49.55

1551000 1571000 1743000

1438000

P1Y25D

527000

1112000

1389000

P3Y

0 1.50

30388

49.33

583000

1.18

P3Y

0 1.50

35602

49.04

674000

1.17

P3Y

0 1.50

36801

49.06

593000

1.08

Changes in SARs outstanding for the year ended December 31, 2019 were as follows: <div> <table cellpadding="0" style="border-collapse: collapse;" width="80.1418439716312%"> <thead> <tr class="odd" style=""> <td style="width:57%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> SARs </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:30%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Weighted Average Exercise Price </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:57%; vertical-align:bottom; border-bottom:0.5pt solid; "> Balance at December 31, 2018 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 237,121 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> $29.86 </td> </tr> <tr class="even" style=""> <td style="width:57%; vertical-align:bottom; "> Exercised </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (81,829 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 24.71 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:57%; vertical-align:bottom; border-bottom:0.5pt solid; "> Forfeited </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> </tr> <tr class="even" style=""> <td style="width:57%; vertical-align:bottom; border-bottom:0.5pt solid; "> Balance at December 31, 2019 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 155,292 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 32.58 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:57%; vertical-align:bottom; border-bottom:1.5pt solid; "> Exercisable at December 31, 2019 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 155,292 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> $32.58 </td></tr></tbody> </table></div>

237121

29.86

81829

24.71

155292

32.58

155292

32.58

2022000

1110000

P2Y11M1D

3908000

P3Y6M

5468000

3144000

3006000

2340000

Details of other operating expense are as follows: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:61%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="11" style="width:38%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> For the Years Ended December 31, </td> </tr> <tr class="even" style=""> <td style="width:61%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2017 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Postage and supplies </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 1,875 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 2,180 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 2,087 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Promotional expense </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 3,838 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 3,344 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 2,557 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Professional fees </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 2,388 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 2,170 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,650 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Outside service fees </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 5,529 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 4,909 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 4,424 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Data processing services </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,283 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 919 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 897 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Telecommunications </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 748 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 778 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 749 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; border-bottom:0.5pt solid; "> Other </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 2,404 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,963 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,722 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total other operating expense </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 18,065 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 16,263 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 14,086 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td></tr></tbody> </table></div>

1875000

2180000

2087000

3838000

3344000

2557000

2388000

2170000

1650000

5529000 4909000 4424000

1283000

919000

897000

748000

778000

749000

2404000

1963000

1722000

18065000

16263000

14086000

Note 13 Income Taxes The components of income tax expense (benefit) are as follows: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:61%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="11" style="width:38%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> For the Years Ended December 31, </td> </tr> <tr class="even" style=""> <td style="width:61%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2017 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Current: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Federal </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 4,423 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 8,557 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 4,250 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> State </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,392 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,043 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,638 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Deferred: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Federal </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,097 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (3,404 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 4,256 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; border-bottom:0.5pt solid; "> State </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 150 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> (117 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> (259 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total income tax expense </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 7,062 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 6,079 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 9,885 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td></tr></tbody> </table></div> A reconciliation of expected income tax expense (benefit), computed by applying the effective federal statutory rate of 21% for each of 2019 and 2018 and 35% for 2017 to income before income tax expense is as follows: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:61%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="11" style="width:38%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> For the Years Ended December 31, </td> </tr> <tr class="even" style=""> <td style="width:61%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2017 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Expected income tax expense </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 7,868 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 7,633 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 12,214 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> (Reductions) increases resulting from: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Tax-exempt income </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (1,755 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (2,009 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (3,868 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> State taxes, net of federal benefit </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,218 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 732 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 896 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Share-based compensation adjustment </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (281 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (286 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (376 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Adjustment of deferred tax asset or liability for TCJA </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (74 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,824 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; border-bottom:0.5pt solid; "> Other, net </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 12 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 83 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> (805 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total income tax expense </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 7,062 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 6,079 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 9,885 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td></tr></tbody> </table></div> Income tax expense in 2019 totaled $7,062,000 compared to $6,079,000 and $9,885,000 in 2018 and 2017, respectively. When measured as a percent of pre-tax income, the Company’s effective tax rate was 19% in 2019, 17% in 2018, and 28% in 2017. The increase in 2019 tax expense was primarily the result of the decrease in the amount of tax-exempt income from municipal bonds, an increase in state tax expense, and a prior year reduction of tax expense recorded from the final analysis and measurement of the TCJA. <div> 52 <hr style="border-top:2.0pt solid #808080;"/> <div style="page-break-after: always;"/> </div> <a href="#t001">Table of Contents</a> The tax effects of temporary differences which give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below: <div> <table cellpadding="0" style="border-collapse: collapse;" width="80.1418439716312%"> <thead> <tr class="odd" style=""> <td style="width:70%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="7" style="width:29%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, </td> </tr> <tr class="even" style=""> <td style="width:70%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:12%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:12%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Deferred tax assets: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Allowance for loan losses </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 2,452 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 2,376 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> ASC 715 pension funding liability </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 7,642 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 6,000 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Net operating loss carryforward (1) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 27 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 50 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Supplemental executive retirement plan accrual </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 2,087 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 1,968 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; border-bottom:0.5pt solid; "> Stock compensation </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,987 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,673 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; border-bottom:0.5pt solid; "> Total deferred tax assets </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 14,195 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 12,067 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Deferred tax liabilities: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Premises and equipment </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> (2,821 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> (1,937 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Pension </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> (974 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> (409 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Intangible assets </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> (1,379 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> (1,212 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Unrealized gain on investment in securities available-for-sale </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> (3,348 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> (156 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; border-bottom:0.5pt solid; "> Other </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> (196 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> (80 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; border-bottom:0.5pt solid; "> Total deferred tax liabilities </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> (8,718 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> (3,794 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; border-bottom:1.5pt solid; "> Net deferred tax assets </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:1.5pt solid; "> 5,477 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:1.5pt solid; "> 8,273 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> </tr> </tbody> </table> </div> <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <tbody> <tr class="odd" style=""> <td style="width:3%; vertical-align:top; "> (1) </td> <td style="width:95%; vertical-align:top; "> As of December 31, 2019, the Company had approximately $128,000 of net operating loss carry forwards as a result of the acquisition of Franklin Bancorp. The utilization of the net operating loss carry forward is subject to Section 382 of the Internal Revenue Code and limits the Company’s use to approximately $122,000 per year during the carry forward period, which expires in 2024. </td></tr></tbody> </table></div> A valuation allowance would be provided on deferred tax assets when it is more likely than not that some portion of the assets will not be realized. The Company has not established a valuation allowance at December 31, 2019 or 2018, due to management’s belief that all criteria for recognition have been met, including the expectation of projected future taxable income sufficient to support the realization of deferred tax assets. The reconciliation of the beginning unrecognized tax benefits balance to the ending balance is presented in the following table: <div> <table cellpadding="0" style="border-collapse: collapse;" width="80.1418439716312%"> <thead> <tr class="odd" style=""> <td style="width:64%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2017 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:64%; vertical-align:bottom; "> Balance at January 1 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 1,403 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 1,632 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 1,623 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:64%; vertical-align:bottom; "> <p style="font-family: Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; padding-left:15pt; text-indent: -15pt !important; padding-left: 30pt !important; margin-bottom: 0pt;color:#000000; ">Changes in unrecognized tax benefits as a result of tax positions taken during a prior year </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 56 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> (135 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> (15 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:64%; vertical-align:bottom; "> <p style="font-family: Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; padding-left:15pt; text-indent: -15pt !important; padding-left: 30pt !important; margin-bottom: 0pt;color:#000000; ">Changes in unrecognized tax benefits as a result of tax position taken during the current year </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 171 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 192 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 263 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:64%; vertical-align:bottom; border-bottom:0.5pt solid; "> <p style="font-family: Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; padding-left:15pt; text-indent: -15pt !important; padding-left: 30pt !important; margin-bottom: 0pt;color:#000000; ">Reductions to unrecognized tax benefits as a result of a lapse of the applicable statute of limitations </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> (331 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> (286 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> (239 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:64%; vertical-align:bottom; border-bottom:1.5pt solid; "> Balance at December 31 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1,299 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1,403 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1,632 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td></tr></tbody> </table></div> At December 31, 2019, 2018 and 2017, the balances of the Company’s unrecognized tax benefits which would, if recognized, affect the Company’s effective tax rate were $1,184,000, $1,272,000 and $1,464,000, respectively. These amounts are net of the offsetting benefits from other taxing jurisdictions. As of December 31, 2019, 2018 and 2017, the Company had $151,000, $136,000 and $139,000, respectively, in accrued interest related to unrecognized tax benefits. The Company believes it is reasonably possible that the total amount of unrecognized tax benefits will decrease by approximately $315,000 over the next 12 months. The reduction primarily relates to the anticipated lapse in the statute of limitations. The unrecognized tax benefits relate primarily to apportionment of taxable income among various state tax jurisdictions. The Company is subject to income tax in the U.S. federal jurisdiction, numerous state jurisdictions, and a foreign jurisdiction. The Company’s federal income tax returns for tax years 2016 through 2018 remain subject to examination by the Internal Revenue Service. In addition, the Company is subject to state tax examinations for the tax years 2015 through 2018. The Company is currently under audit from the Internal Revenue Service for the 2017 tax year.

The components of income tax expense (benefit) are as follows: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:61%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="11" style="width:38%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> For the Years Ended December 31, </td> </tr> <tr class="even" style=""> <td style="width:61%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2017 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Current: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Federal </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 4,423 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 8,557 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 4,250 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> State </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,392 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,043 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,638 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Deferred: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Federal </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,097 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (3,404 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 4,256 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; border-bottom:0.5pt solid; "> State </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 150 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> (117 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> (259 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total income tax expense </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 7,062 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 6,079 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 9,885 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td></tr></tbody> </table></div>

4423000

8557000

4250000

1392000

1043000

1638000

1097000

-3404000

4256000

150000

-117000

-259000

7062000

6079000

9885000

A reconciliation of expected income tax expense (benefit), computed by applying the effective federal statutory rate of 21% for each of 2019 and 2018 and 35% for 2017 to income before income tax expense is as follows: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:61%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="11" style="width:38%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> For the Years Ended December 31, </td> </tr> <tr class="even" style=""> <td style="width:61%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2017 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Expected income tax expense </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 7,868 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 7,633 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 12,214 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> (Reductions) increases resulting from: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Tax-exempt income </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (1,755 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (2,009 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (3,868 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> State taxes, net of federal benefit </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,218 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 732 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 896 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Share-based compensation adjustment </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (281 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (286 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (376 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Adjustment of deferred tax asset or liability for TCJA </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (74 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,824 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; border-bottom:0.5pt solid; "> Other, net </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 12 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 83 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> (805 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total income tax expense </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 7,062 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 6,079 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 9,885 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td></tr></tbody> </table></div>

0.21

0.35

7868000

7633000

12214000

1755000

2009000

3868000

1218000

732000

896000

-281000

-286000

-376000

-74000

1824000

12000

83000

-805000

7062000

6079000

9885000

7062000

6079000

9885000

0.19 0.17 0.28

The tax effects of temporary differences which give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below: <div> <table cellpadding="0" style="border-collapse: collapse;" width="80.1418439716312%"> <thead> <tr class="odd" style=""> <td style="width:70%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="7" style="width:29%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, </td> </tr> <tr class="even" style=""> <td style="width:70%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:12%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:12%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Deferred tax assets: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Allowance for loan losses </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 2,452 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 2,376 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> ASC 715 pension funding liability </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 7,642 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 6,000 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Net operating loss carryforward (1) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 27 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 50 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Supplemental executive retirement plan accrual </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 2,087 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 1,968 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; border-bottom:0.5pt solid; "> Stock compensation </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,987 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,673 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; border-bottom:0.5pt solid; "> Total deferred tax assets </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 14,195 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 12,067 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Deferred tax liabilities: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Premises and equipment </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> (2,821 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> (1,937 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Pension </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> (974 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> (409 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; "> Intangible assets </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> (1,379 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> (1,212 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; "> Unrealized gain on investment in securities available-for-sale </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> (3,348 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> (156 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; border-bottom:0.5pt solid; "> Other </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> (196 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> (80 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> </tr> <tr class="even" style=""> <td style="width:70%; vertical-align:bottom; border-bottom:0.5pt solid; "> Total deferred tax liabilities </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> (8,718 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> (3,794 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:70%; vertical-align:bottom; border-bottom:1.5pt solid; "> Net deferred tax assets </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:1.5pt solid; "> 5,477 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:1.5pt solid; "> 8,273 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> </tr> </tbody> </table> </div> <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <tbody> <tr class="odd" style=""> <td style="width:3%; vertical-align:top; "> (1) </td> <td style="width:95%; vertical-align:top; "> As of December 31, 2019, the Company had approximately $128,000 of net operating loss carry forwards as a result of the acquisition of Franklin Bancorp. The utilization of the net operating loss carry forward is subject to Section 382 of the Internal Revenue Code and limits the Company’s use to approximately $122,000 per year during the carry forward period, which expires in 2024. </td></tr></tbody> </table></div>

2452000

2376000

7642000

6000000

27000

50000

2087000

1968000

1987000

1673000

14195000

12067000

2821000

1937000

974000 409000

1379000

1212000

3348000

156000

196000

80000

8718000

3794000

5477000

8273000

128000

122000

The reconciliation of the beginning unrecognized tax benefits balance to the ending balance is presented in the following table: <div> <table cellpadding="0" style="border-collapse: collapse;" width="80.1418439716312%"> <thead> <tr class="odd" style=""> <td style="width:64%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2017 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:64%; vertical-align:bottom; "> Balance at January 1 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 1,403 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 1,632 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 1,623 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:64%; vertical-align:bottom; "> <p style="font-family: Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; padding-left:15pt; text-indent: -15pt !important; padding-left: 30pt !important; margin-bottom: 0pt;color:#000000; ">Changes in unrecognized tax benefits as a result of tax positions taken during a prior year </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 56 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> (135 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> (15 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:64%; vertical-align:bottom; "> <p style="font-family: Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; padding-left:15pt; text-indent: -15pt !important; padding-left: 30pt !important; margin-bottom: 0pt;color:#000000; ">Changes in unrecognized tax benefits as a result of tax position taken during the current year </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 171 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 192 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 263 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:64%; vertical-align:bottom; border-bottom:0.5pt solid; "> <p style="font-family: Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; padding-left:15pt; text-indent: -15pt !important; padding-left: 30pt !important; margin-bottom: 0pt;color:#000000; ">Reductions to unrecognized tax benefits as a result of a lapse of the applicable statute of limitations </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> (331 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> (286 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> (239 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:64%; vertical-align:bottom; border-bottom:1.5pt solid; "> Balance at December 31 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1,299 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1,403 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1,632 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td></tr></tbody> </table></div>

1403000

1632000

1623000

56000 -135000 -15000

171000

192000

263000

331000

286000

239000

1299000

1403000

1632000

1184000

1272000

1464000

151000

136000

139000

315000

The following table shows conditional commitments to extend credit, standby letters of credit and commercial letters: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:76%; vertical-align:bottom; "> </td> <td colspan="6" style="width:24%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, </td> </tr> <tr class="even" style=""> <td style="width:76%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:76%; vertical-align:bottom; "> Conditional commitments to extend credit </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 197,799 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 144,010 </td> </tr> <tr class="even" style=""> <td style="width:76%; vertical-align:bottom; "> Standby letters of credit </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 13,288 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 11,368 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:76%; vertical-align:bottom; border-bottom:1.5pt solid; "> Commercial letters of credit </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 2,755 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 3,486 </td></tr></tbody> </table></div>

197799000

144010000

13288000

11368000

2755000

3486000

Following is a summary of the carrying amounts and fair values of the Company’s financial instruments: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:52%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="11" style="width:47%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, </td> </tr> <tr class="even" style=""> <td style="width:52%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:23%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:23%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> </tr> <tr class="odd" style=""> <td style="width:52%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Carrying Amount </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Fair Value </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Carrying Amount </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Fair Value </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:52%; vertical-align:bottom; "> Balance sheet assets: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:52%; vertical-align:bottom; "> Cash and cash equivalents </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 203,954 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 203,954 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 230,933 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 230,933 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:52%; vertical-align:bottom; "> Investment in securities </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 422,665 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 422,665 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 441,534 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 441,534 </td> </tr> <tr class="even" style=""> <td style="width:52%; vertical-align:bottom; "> Loans, net </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 762,082 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 776,653 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 711,362 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 711,090 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:52%; vertical-align:bottom; border-bottom:0.5pt solid; "> Accrued interest receivable </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 6,706 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 6,706 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 7,069 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 7,069 </td> </tr> <tr class="even" style=""> <td style="width:52%; vertical-align:bottom; border-bottom:0.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,395,407 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,409,978 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,390,898 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,390,626 </td> </tr> <tr class="odd" style=""> <td colspan="13" style="width:100%; vertical-align:bottom; "> </td> </tr> <tr class="even" style="background-color: #B2B2B2; "> <td style="width:52%; vertical-align:bottom; "> Balance sheet liabilities: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style=""> <td style="width:52%; vertical-align:bottom; "> Deposits </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 757,136 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 757,790 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 721,926 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 722,018 </td> </tr> <tr class="even" style="background-color: #B2B2B2; "> <td style="width:52%; vertical-align:bottom; "> Accounts and drafts payable </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 684,295 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 684,295 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 694,360 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 694,360 </td> </tr> <tr class="odd" style=""> <td style="width:52%; vertical-align:bottom; border-bottom:0.5pt solid; "> Accrued interest payable </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 103 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 103 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 91 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 91 </td> </tr> <tr class="even" style="background-color: #B2B2B2; "> <td style="width:52%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1,441,534 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1,442,188 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1,416,377 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1,416,469 </td></tr></tbody> </table></div>

203954000

230933000

422665000

441534000

762082000

776653000

711362000

711090000

6706000

7069000

1395407000

1409978000

1390898000

1390626000

757136000

757790000

721926000

722018000

684295000 684295000 694360000 694360000

103000

91000

1441534000

1442188000

1416377000

1416469000

81329000 78461000 72961000 26624000 23720000 20361000 107953000 102181000 93322000 1386000 1335000 1349000 109339000 103516000 94671000 730000 560000 841000

110069000

104076000

95512000

47166000 44190000 39790000

157235000

148266000

135302000

Summarized information about the Company’s operations in each industry segment for the years ended December 31, 2019, 2018 and 2017, is as follows: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:41%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:13%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Information Services </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:12%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Banking Services </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:15%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Corporate, Eliminations and Other </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Total </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> 2019 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; "> Fee income from customers </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:13%; vertical-align:bottom; "> 108,882 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 1,660 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:15%; vertical-align:bottom; "> (473 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 110,069 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> Interest income* </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 25,616 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 30,646 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> (1,568 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 54,694 </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; "> Interest expense </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 5,193 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 5,193 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> Intersegment income (expense) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 2,107 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> (2,107 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> — </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; "> Depreciation and amortization </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 4,659 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 131 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 4,790 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> Tax-equivalized pre-tax income* </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 28,542 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 13,048 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> (2,040 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 39,550 </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; "> Goodwill </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 12,433 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 1,829 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 14,262 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> Other intangible assets, net </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 1,142 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 3,139 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 4,281 </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; "> Total Assets </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 844,483 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 915,341 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 4,419 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,764,243 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; border-bottom:1.5pt solid; "> Funding Sources </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:13%; vertical-align:bottom; border-bottom:1.5pt solid; "> 676,068 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:1.5pt solid; "> 592,905 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:15%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1,268,973 </td> </tr> </tbody> </table> </div> <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> 2018 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; "> Fee income from customers </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:13%; vertical-align:bottom; "> 102,839 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 1,307 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:15%; vertical-align:bottom; "> (70 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 104,076 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> Interest income* </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 25,074 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 27,770 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> (2,496 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 50,348 </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; "> Interest expense </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 3,736 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 3,736 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> Intersegment income (expense) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 1,880 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> (1,880 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> — </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; "> Depreciation and amortization </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 4,254 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 142 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 4,396 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> Tax-equivalized pre-tax income* </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 27,763 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 13,571 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> (2,566 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 38,768 </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; "> Goodwill </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 12,433 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 136 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 12,569 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> Other intangible assets, net </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 1,554 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,554 </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; "> Total Assets </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 826,201 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 886,291 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> (17,316 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,695,176 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; border-bottom:1.5pt solid; "> Funding Sources </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:13%; vertical-align:bottom; border-bottom:1.5pt solid; "> 642,733 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:1.5pt solid; "> 572,653 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:15%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1,215,386 </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; "> 2017 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> Fee income from customers </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:13%; vertical-align:bottom; "> 93,484 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 1,547 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:15%; vertical-align:bottom; "> 481 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 95,512 </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; "> Interest income* </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 23,813 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 27,376 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> (3,522 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 47,667 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> Interest expense </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 2,187 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 2,187 </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; "> Intersegment income (expense) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 1,362 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> (1,362 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> — </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> Depreciation and amortization </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 3,902 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 149 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 4,051 </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; "> Tax-equivalized pre-tax income* </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 28,168 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 15,460 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> (3,039 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 40,589 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> Goodwill </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 12,433 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 136 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 12,569 </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; "> Other intangible assets, net </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 1,996 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,996 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> Total Assets </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:13%; vertical-align:bottom; "> 854,214 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 830,672 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> (27,677 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,603,209 </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; border-bottom:1.5pt solid; "> Funding Sources </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:13%; vertical-align:bottom; border-bottom:1.5pt solid; "> 604,493 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:1.5pt solid; "> 598,986 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:15%; vertical-align:bottom; border-bottom:1.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:1.5pt solid; "> 1,203,479 </td> </tr> </tbody> </table> </div> <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <tbody> <tr class="odd" style=""> <td style="width:2%; vertical-align:top; "> * </td> <td style="width:97%; vertical-align:top; "> Presented on a tax-equivalent basis assuming a tax rate of 21% for 2019 and 2018 and 35% for 2017. The tax-equivalent adjustment was approximately $2,084,000 for 2019, $2,422,000 for 2018, and $5,691,000 for 2017. </td></tr></tbody> </table></div>

108882000 1660000 -473000 110069000

25616000

30646000

-1568000

54694000

5193000

2107000 -2107000

4659000

131000

4790000

28542000 13048000 -2040000 39550000

12433000

1829000

14262000

1142000

3139000

4281000

844483000

915341000

4419000

1764243000

676068000 592905000 1268973000 102839000 1307000 -70000 104076000

25074000

27770000

-2496000

50348000

3736000

1880000 -1880000

4254000

142000

4396000

27763000 13571000 -2566000 38768000

12433000

136000

12569000

1554000

826201000

886291000

-17316000

1695176000

642733000 572653000 1215386000 93484000 1547000 481000 95512000

23813000

27376000

-3522000

47667000

2187000

1362000 -1362000

3902000

149000

4051000

28168000 15460000 -3039000 40589000

12433000

136000

12569000

1996000

854214000

830672000

-27677000

1603209000

604493000 598986000 1203479000

0.21

0.35

2084000 2422000 5691000

6682000

5848000

1675000

145000

1531000

P6Y4M24D

0.055

A maturity analysis of operating lease liabilities and undiscounted cash flows as of December 31, 2019 was as follows: <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:81%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:2%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:15%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> December 31, 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:81%; vertical-align:bottom; "> Lease payments due </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:2%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:81%; vertical-align:bottom; "> Less than 1 year </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:2%; vertical-align:bottom; "> $ </td> <td style="width:15%; vertical-align:bottom; "> 1,748 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:81%; vertical-align:bottom; "> 1-2 years </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:2%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 1,613 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:81%; vertical-align:bottom; "> 2-3 years </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:2%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 1,538 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:81%; vertical-align:bottom; "> 3-4 years </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:2%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 614 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:81%; vertical-align:bottom; "> 4-5 years </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:2%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 392 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:81%; vertical-align:bottom; "> Over 5 years </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:2%; vertical-align:bottom; "> </td> <td style="width:15%; vertical-align:bottom; "> 1,972 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:81%; vertical-align:bottom; border-bottom:0.5pt solid; "> Total undiscounted cash flows </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:2%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:15%; vertical-align:bottom; border-bottom:0.5pt solid; "> 7,877 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:81%; vertical-align:bottom; border-bottom:0.5pt solid; "> Discount on cash flows </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:2%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:15%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,195 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="even" style=""> <td style="width:81%; vertical-align:bottom; border-bottom:1.5pt solid; "> Total lease liability </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:2%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:15%; vertical-align:bottom; border-bottom:1.5pt solid; "> 6,682 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td></tr></tbody> </table></div>

1748000

1613000

1538000

614000

392000

1972000

7877000

1195000

6682000

800000

Following are the condensed balance sheets of the Company (parent company only) and the related condensed statements of income and cash flows. <div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:72%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="5" style="width:27%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Condensed Balance Sheets December 31, </td> </tr> <tr class="even" style=""> <td style="width:72%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:13%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:13%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:72%; vertical-align:bottom; "> Assets </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:72%; vertical-align:bottom; "> Cash and due from banks </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 17,032 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 35,735 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:72%; vertical-align:bottom; "> Short-term investments </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 3,223 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 35,201 </td> </tr> <tr class="even" style=""> <td style="width:72%; vertical-align:bottom; "> Securities available-for-sale, at fair value </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 422,665 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 441,534 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:72%; vertical-align:bottom; "> Loans, net </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 45,187 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 20,188 </td> </tr> <tr class="even" style=""> <td style="width:72%; vertical-align:bottom; "> Payments in excess of funding </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 206,158 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 160,777 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:72%; vertical-align:bottom; "> Investments in subsidiaries </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 145,400 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 130,231 </td> </tr> <tr class="even" style=""> <td style="width:72%; vertical-align:bottom; "> Premises and equipment, net </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 19,940 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 21,358 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:72%; vertical-align:bottom; "> Other assets </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 137,226 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 117,374 </td> </tr> <tr class="even" style=""> <td style="width:72%; vertical-align:bottom; "> Total assets </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:3px double;"> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:3px double;"> 996,831 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:3px double;"> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:3px double;"> 962,398 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:72%; vertical-align:bottom; "> Liabilities and Shareholders’ Equity </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:72%; vertical-align:bottom; "> Liabilities: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:72%; vertical-align:bottom; "> Accounts and drafts payable </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 683,485 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:12%; vertical-align:bottom; "> 693,026 </td> </tr> <tr class="even" style=""> <td style="width:72%; vertical-align:bottom; "> Short-term borrowings </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 18,000 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> — </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:72%; vertical-align:bottom; "> Other liabilities </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 50,987 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 39,362 </td> </tr> <tr class="even" style=""> <td style="width:72%; vertical-align:bottom; "> Total liabilities </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 752,472 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:12%; vertical-align:bottom; "> 732,388 </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:72%; vertical-align:bottom; "> Total shareholders’ equity </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 244,359 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:12%; vertical-align:bottom; border-bottom:0.5pt solid; "> 230,010 </td> </tr> <tr class="even" style=""> <td style="width:72%; vertical-align:bottom; "> Total liabilities and shareholders’ equity </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:3px double;"> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:3px double;"> 996,831 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:3px double;"> $ </td> <td style="width:12%; vertical-align:bottom; border-bottom:3px double;"> 962,398 </td></tr></tbody> </table></div>

17032000

35735000

3223000

35201000

422665000

441534000

45187000

20188000

206158000 160777000

145400000

130231000

19940000

21358000

137226000

117374000

996831000

962398000

683485000 693026000

18000000

50987000

39362000

752472000

732388000

244359000

230010000

996831000

962398000

2599000

2668000

2172000

106198000 100628000 93133000

15713000

14159000

13217000

19000

-42000

518000

456000

483000

125047000

117869000

109005000

81432000

77946000

70409000

26136000

23442000

20333000

107568000

101388000

90742000

17479000

16481000

18263000

2860000

1788000

4394000

14619000 14693000 13869000

15785000

15575000

11145000

30404000

30268000

25014000

<div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:61%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td colspan="11" style="width:38%; border-bottom-width:0.5pt; border-bottom-style:solid; vertical-align:bottom; "> Condensed Statements of Cash Flows For the Years Ended December 31, </td> </tr> <tr class="even" style=""> <td style="width:61%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:12%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2019 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:12%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2018 </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:12%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> 2017 </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Cash flows from operating activities: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Net income </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 30,404 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 30,268 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:10%; vertical-align:bottom; "> 25,014 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> <p style="font-family: Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; padding-left:0pt; text-indent: -15pt !important; padding-left: 15pt !important; margin-bottom: 0pt;color:#000000; ">Adjustments to reconcile net income to net cash provided by (used in) operating activities: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Equity in undistributed income of subsidiaries </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (15,785 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (15,575 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (11,145 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Net change in other assets </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (6,289 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (1,012 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (7,257 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Net change in other liabilities </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 9,474 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 3,829 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 10,118 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Stock-based compensation expense </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 3,144 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 2,583 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 1,743 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Other, net </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 6,104 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 10,242 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 9,219 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Net cash provided by operating activities </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 27,052 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 30,335 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 27,692 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Cash flows from investing activities: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Net decrease (increase) in securities </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 26,150 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 14,615 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (80,621 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Net (increase) decrease in loans </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (24,999 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (7,949 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 34,944 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Net increase in payments in excess of funding </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (45,381 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (21,674 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (33,756 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Purchases of premises and equipment, net </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (2,637 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (4,211 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (4,020 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Asset acquisition of Gateway Giving, LLC </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> (2,833 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> — </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Net cash used in investing activities </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> (49,700 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> (19,219 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> (83,453 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Cash flows from financing activities: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Net (decrease) increase in accounts and drafts payable </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (21,875 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (22,316 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 20,397 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Short-term borrowings </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> 18,000 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Cash dividends paid </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (15,234 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (13,177 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (10,675 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Purchase of common shares for treasury </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (7,799 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (8,838 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (2,270 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Other financing activities, net </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> (1,125 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> (635 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> (267 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Net cash (used in) provided by financing activities </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> (28,033 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> (44,966 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 7,185 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Net decrease in cash and cash equivalents </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (50,681 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (33,850 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:10%; vertical-align:bottom; "> (48,576 </td> <td style="width:1%; vertical-align:bottom; "> ) </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:61%; vertical-align:bottom; "> Cash and cash equivalents at beginning of year </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 70,936 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 104,786 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.5pt solid; "> 153,362 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="even" style=""> <td style="width:61%; vertical-align:bottom; "> Cash and cash equivalents at end of year </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:3px double;"> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:3px double;"> 20,255 </td> <td style="width:1%; vertical-align:bottom; border-bottom:3px double;"> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:3px double;"> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:3px double;"> 70,936 </td> <td style="width:1%; vertical-align:bottom; border-bottom:3px double;"> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:3px double;"> $ </td> <td style="width:10%; vertical-align:bottom; border-bottom:3px double;"> 104,786 </td> <td style="width:1%; vertical-align:bottom; border-bottom:3px double;"> </td></tr></tbody> </table></div>

30404000

30268000

25014000

15785000

15575000

11145000

6289000

1012000

7257000

9474000

3829000

10118000

3144000

2583000

1743000

6104000

10242000

9219000

27052000

30335000

27692000

-26150000

-14615000

80621000

24999000

7949000

-34944000

45381000 21674000 33756000

2637000

4211000

4020000

2833000

-49700000

-19219000

-83453000

-21875000

-22316000

20397000

18000000

15234000

13177000

10675000

7799000

8838000

2270000

-1125000

-635000

-267000

-28033000

-44966000

7185000

-50681000

-33850000

-48576000

70936000

104786000

153362000

20255000

70936000

104786000

<div> <table cellpadding="0" style="border-collapse: collapse;margin: auto;" width="100%"> <thead> <tr class="odd" style=""> <td style="width:41%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> (In thousands except per share data) </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> First Quarter </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Second Quarter </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Third Quarter </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="2" style="width:10%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> Fourth Quarter </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td style="width:1%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> </td> <td colspan="3" style="width:11%; border-bottom-width:1.5pt; border-bottom-style:solid; vertical-align:bottom; "> YTD </td> </tr> </thead> <tbody> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> 2019 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; "> Fee revenue and other income </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 27,013 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 27,372 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 28,262 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 27,422 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 110,069 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> Interest income </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 12,897 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 13,327 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 13,666 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 12,719 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 52,609 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; border-bottom:0.5pt solid; "> Interest expense </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,290 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,305 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,392 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,206 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 5,193 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> Net interest income </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 11,607 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 12,022 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 12,274 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 11,513 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 47,416 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; "> Provision for loan losses </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 250 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 250 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> Operating expense </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 28,462 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 29,971 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 30,563 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 30,773 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 119,769 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; border-bottom:0.5pt solid; "> Income tax expense </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,745 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,739 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,787 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,791 </td> <td style="width:1%; vertical-align:top; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 7,062 </td> <td style="width:1%; vertical-align:top; border-bottom:0.5pt solid; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; border-bottom:1.5pt solid; "> Net income </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 8,163 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 7,684 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 8,186 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 6,371 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 30,404 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; "> Net income per share: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> Basic earnings per share </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> .56 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> .53 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> .57 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> .44 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 2.11 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; border-bottom:1.5pt solid; "> Diluted earnings per share </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> .55 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> .52 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> .56 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> .43 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 2.07 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> 2018 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; "> Fee revenue and other income </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 25,374 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 25,640 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 26,435 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 26,627 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 104,076 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> Interest income </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 11,288 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 11,513 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 12,215 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 12,910 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 47,926 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; border-bottom:0.5pt solid; "> Interest expense </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 679 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 794 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,029 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,234 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 3,736 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> Net interest income </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 10,609 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 10,719 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 11,186 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 11,676 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 44,190 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; "> Provision for loan losses </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> — </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> Operating expense </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 26,182 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 27,463 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 28,530 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 29,744 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> 111,919 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; border-bottom:0.5pt solid; "> Income tax expense </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,709 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,387 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,481 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 1,502 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:0.5pt solid; "> 6,079 </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.5pt solid; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; border-bottom:1.5pt solid; "> Net income </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 8,092 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 7,509 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 7,610 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 7,057 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> $ </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 30,268 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; "> Net income per share: </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:9%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="odd" style="background-color: #B2B2B2; "> <td style="width:41%; vertical-align:bottom; "> Basic earnings per share </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> .55 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> .51 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> .52 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> .48 </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> </td> <td style="width:1%; vertical-align:bottom; "> $ </td> <td style="width:9%; vertical-align:bottom; "> 2.06 </td> <td style="width:1%; vertical-align:bottom; "> </td> </tr> <tr class="even" style=""> <td style="width:41%; vertical-align:bottom; border-bottom:1.5pt solid; "> Diluted earnings per share </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> .54 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> .50 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> .51 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> .47 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td> <td style="width:9%; vertical-align:bottom; border-bottom:1.5pt solid; "> 2.03 </td> <td style="width:1%; vertical-align:bottom; border-bottom:1.5pt solid; "> </td></tr></tbody> </table></div>

27013000

27372000

28262000

27422000

110069000

12897000

13327000

13666000

12719000

52609000

1290000

1305000

1392000

1206000

5193000

11607000

12022000

12274000

11513000

47416000

250000

28462000

29971000

30563000

30773000

119769000

1745000

1739000

1787000

1791000

7062000

8163000

7684000

8186000

6371000

30404000

0.56

0.53

0.57

0.44

2.11

0.55

0.52

0.56

0.43

2.07

25374000

25640000

26435000

26627000

104076000

11288000

11513000

12215000

12910000

47926000

679000

794000

1029000

1234000

3736000

10609000

10719000

11186000

11676000

44190000

26182000

27463000

28530000

29744000

111919000

1709000

1387000

1481000

1502000

6079000

8092000

7509000

7610000

7057000

30268000

0.55

0.51

0.52

0.48

2.06

0.54

0.50

0.51

0.47

2.03

Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligation. Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention. Amortization through December 31, 2001 prior to adoption of FASB ASC 350. 6.0% graded down to 3.25% over the first seven years of service. Presented on a tax-equivalent basis assuming a tax rate of 21% for 2019 and 2018 and 35% for 2017. The tax-equivalent adjustment was approximately $2,084,000 for 2019, $2,422,000 for 2018, and $5,691,000 for 2017. As of December 31, 2019, the Company had approximately $128,000 of net operating loss carry forwards as a result of the acquisition of Franklin Bancorp. The utilization of the net operating loss carry forward is subject to Section 382 of the Internal Revenue Code and limits the Company’s use to approximately $122,000 per year during the carry forward period, which expires in 2024.