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Credit Quality (Tables)
 6 Months Ended
Jun. 30, 2013
Credit Quality [Abstract]  
Allowance for Credit Losses
The table below presents allowance for credit losses by loan portfolio. As presented within this note, commercial real estate includes real estate construction and land development loans.
 
Three Months Ended June 30, 2013
 
 
Consumer and
Credit Card
 
 
Commercial and
Industrial
 
 
Commercial
Real Estate
 
 
Residential Real
Estate and
Home Equity
 
 
Total
 
Beginning balance
 
$
287
 
 
$
1,586
 
 
$
4,724
 
 
$
161
 
 
$
6,758
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
 
 
(98
)
 
 
(15
)
 
 
(28
)
 
 
(46
)
 
 
(187
)
Recoveries
 
 
50
 
 
 
86
 
 
 
13
 
 
 
22
 
 
 
172
 
Provision
 
 
129
 
 
 
(85
)
 
 
(346
)
 
 
63
 
 
 
(240
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
368
 
 
$
1,572
 
 
$
4,363
 
 
$
200
 
 
$
6,503
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
-
 
 
$
733
 
 
$
2,532
 
 
$
-
 
 
$
3,265
 
Collectively evaluated for impairment
 
 
368
 
 
 
839
 
 
 
1,831
 
 
 
200
 
 
 
3,238
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
368
 
 
$
1,572
 
 
$
4,363
 
 
$
200
 
 
$
6,503
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
-
 
 
$
5,586
 
 
$
20,980
 
 
$
-
 
 
$
26,566
 
Collectively evaluated for impairment
 
 
29,277
 
 
 
119,723
 
 
 
86,518
 
 
 
83,472
 
 
 
318,990
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
29,277
 
 
$
125,309
 
 
$
107,498
 
 
$
83,472
 
 
$
345,556
 
Three Months Ended June 30, 2012
 
 
Consumer and
Credit Card
 
 
Commercial and
Industrial
 
 
Commercial
Real Estate
 
 
Residential Real
Estate and
Home Equity
 
 
Total
 
Beginning balance
 
$
393
 
 
$
2214
 
 
$
6,524
 
 
$
212
 
 
$
9,343
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
 
 
(88
)
 
 
(30
)
 
 
(414
)
 
 
(20
)
 
 
(552
)
Recoveries
 
 
47
 
 
 
43
 
 
 
5
 
 
 
7
 
 
 
102
 
Provision
 
 
21
 
 
 
(95
)
 
 
321
 
 
 
8
 
 
 
255
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
373
 
 
$
2132
 
 
$
6,436
 
 
$
207
 
 
$
9,148
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
-
 
 
$
494
 
 
$
5,353
 
 
$
-
 
 
$
5,847
 
Collectively evaluated for impairment
 
 
373
 
 
 
1,638
 
 
 
1,083
 
 
 
207
 
 
 
3,301
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
373
 
 
$
2,132
 
 
$
6,436
 
 
$
207
 
 
$
9,148
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
-
 
 
$
11,079
 
 
$
27,443
 
 
$
-
 
 
$
38,522
 
Collectively evaluated for impairment
 
 
18,312
 
 
 
100,727
 
 
 
89,744
 
 
 
75,437
 
 
 
284,220
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
18,312
 
 
$
111,806
 
 
$
117,187
 
 
$
75,437
 
 
$
322,742
 
Six months ended June 30, 2013
 
 
Consumer and
Credit Card
 
 
Commercial and
Industrial
 
 
Commercial
Real Estate
 
 
Residential Real
Estate and
Home Equity
 
 
Total
 
Beginning balance
 
$
365
 
 
$
1,621
 
 
$
4,692
 
 
$
204
 
 
$
6,882
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
 
 
(136
)
 
 
(79
)
 
 
(130
)
 
 
(89
)
 
 
(434
)
Recoveries
 
 
110
 
 
 
774
 
 
 
23
 
 
 
38
 
 
 
945
 
Provision
 
 
29
 
 
 
(744
)
 
 
(222
)
 
 
47
 
 
 
(890
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
368
 
 
$
1,572
 
 
$
4,363
 
 
$
200
 
 
$
6,503
 
Six months ended June 30, 2012
 
 
Consumer and
Credit Card
 
 
Commercial and
Industrial
 
 
Commercial
Real Estate
 
 
Residential Real
Estate and
Home Equity
 
 
Total
 
Beginning balance
 
$
425
 
 
$
1,952
 
 
$
6,916
 
 
$
291
 
 
$
9,584
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
 
 
(212
)
 
 
(147
)
 
 
(1,074
)
 
 
(19
)
 
 
(1,451
)
Recoveries
 
 
111
 
 
 
151
 
 
 
13
 
 
 
11
 
 
 
285
 
Provision
 
 
49
 
 
 
176
 
 
 
581
 
 
 
(76
)
 
 
730
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
373
 
 
$
2,132
 
 
$
6,436
 
 
$
207
 
 
$
9,148
 
Recorded investment, unpaid balance and related allowance
The following presents by class, information related to the Corporation’s impaired loans as of June 30, 2013 and December 31, 2012.
 
At June 30, 2013
 
 
Recorded
Investment
 
 
Unpaid
Principal
Balance
 
 
Related
Allowance
 
 
6 Months
Average
Recorded
Investment
 
 
6 Months
Interest
Income
Recognized
 
 
3 Months
Average
Recorded
Investment
 
 
3 Months
Interest
Income
Recognized
 
With No Related Allowance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer and Credit Card
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
Commercial and Industrial
 
 
3,050
 
 
 
3,127
 
 
 
-
 
 
 
3,532
 
 
 
73
 
 
 
3,233
 
 
 
40
 
Commercial Real Estate
 
 
11,068
 
 
 
13,152
 
 
 
-
 
 
 
9,221
 
 
 
333
 
 
 
9,751
 
 
 
166
 
Residential RE and Home Equity
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
With Allowance Recorded
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer and Credit Card
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial and Industrial
 
 
2,536
 
 
 
4,179
 
 
 
733
 
 
 
1,957
 
 
 
111
 
 
 
2,393
 
 
 
85
 
Commercial Real Estate
 
 
9,912
 
 
 
10,837
 
 
 
2,532
 
 
 
11,792
 
 
 
164
 
 
 
11,005
 
 
 
78
 
Residential RE and Home Equity
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer and Credit Card
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
 
-
 
Commercial and Industrial
 
 
5,586
 
 
 
7,306
 
 
 
733
 
 
 
5,489
 
 
 
184
 
 
 
5,626
 
 
 
125
 
Commercial Real Estate
 
 
20,980
 
 
 
23,989
 
 
 
2,532
 
 
 
21,013
 
 
 
497
 
 
 
20,756
 
 
 
244
 
Residential RE and Home Equity
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
26,566
 
 
$
31,295
 
 
$
3,265
 
 
$
26,502
 
 
$
681
 
 
$
26,382
 
 
 
369
 
At December 31, 2012
 
 
Recorded
Investment
 
 
Unpaid
Principal
Balance
 
 
Related
Allowance
 
 
Average
Recorded
Investment
 
 
Interest
Income
Recognized
 
With No Related Allowance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer and Credit Card
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
Commercial and Industrial
 
 
4,288
 
 
 
4,437
 
 
 
-
 
 
 
3,557
 
 
 
268
 
Commercial Real Estate
 
 
5,507
 
 
 
5,998
 
 
 
-
 
 
 
10,067
 
 
 
241
 
Residential RE and Home Equity
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
With Allowance Recorded
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer and Credit Card
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial and Industrial
 
 
1,183
 
 
 
1,248
 
 
 
340
 
 
 
6,208
 
 
 
65
 
Commercial Real Estate
 
 
16,376
 
 
 
20,008
 
 
 
3,400
 
 
 
15,965
 
 
 
820
 
Residential RE and Home Equity
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer and Credit Card
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
Commercial and Industrial
 
 
5,471
 
 
 
5,685
 
 
 
340
 
 
 
9,765
 
 
 
333
 
Commercial Real Estate
 
 
21,883
 
 
 
26,006
 
 
 
3,400
 
 
 
26,032
 
 
 
1,061
 
Residential RE and Home Equity
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
27,354
 
 
$
31,691
 
 
$
3,740
 
 
$
35,797
 
 
$
1,394
 
Loans on nonaccrual status
Loans on nonaccrual status at June 30, 2013 and December 31, 2012 are as follows:
 
 
June 30,
 
 
December 31,
 
 
 
2013
 
 
2012
 
Consumer and credit card
 
$
-
 
 
$
-
 
Commercial and industrial
 
 
1,794
 
 
 
2,815
 
Commercial real estate
 
 
3,632
 
 
 
2,195
 
Residential real estate and home equity
 
 
271
 
 
 
321
 
 
 
 
 
 
 
 
 
 
Total
 
$
5,697
 
 
$
5,331
 
Credit Quality Indicators
Corporate risk exposure by risk profile was as follows at June 30, 2013:
Category
 
Commercial and
Industrial
 
 
Commercial
Real Estate
 
 
 
 
 
 
 
 
Pass-1-4
 
$
104,963
 
 
$
76,539
 
Vulnerable-5
 
 
11,195
 
 
 
13,704
 
Substandard-6
 
 
9,151
 
 
 
17,255
 
Doubtful-7
 
 
-
 
 
 
-
 
Loss-8
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
Total
 
$
125,309
 
 
$
107,498
 
Corporate risk exposure by risk profile was as follows at December 31, 2012:
Category
 
Commercial and
Industrial
 
 
Commercial
Real Estate
 
 
 
 
 
 
 
 
Pass-1-4
 
$
90,516
 
 
$
76,708
 
Vulnerable-5
 
 
12,240
 
 
 
12,289
 
Substandard-6
 
 
9,544
 
 
 
22,420
 
Doubtful-7
 
 
-
 
 
 
-
 
Loss-8
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
Total
 
$
112,300
 
 
$
111,417
 
Consumer risk
Consumer risk based on payment activity at June 30, 2013 is as follows.
Payment Category
 
Consumer and
Credit Card
 
 
Residential Real
Estate and
Home Equity
 
 
 
 
 
 
 
 
Performing
 
$
29,201
 
 
$
83,201
 
Non-performing
 
 
76
 
 
 
271
 
 
 
 
 
 
 
 
 
 
Total
 
$
29,277
 
 
$
83,472
 
Consumer risk based on payment activity at December 31, 2012 is as follows.
Payment Category
 
Consumer and
Credit Card
 
 
Residential Real
Estate and Home
Equity
 
 
 
 
 
 
 
 
Performing
 
$
21,592
 
 
$
71,816
 
Non-Performing
 
 
28
 
 
 
321
 
 
 
 
 
 
 
 
 
 
Total
 
$
21,620
 
 
$
72,137
 
Age Analysis of Past Due Loans
The following table presents past due loans aged as of June 30, 2013.
Category
 
30-59 Days
Past Due
 
 
60-89
Days Past
Due
 
 
90 Days or
more Past
Due
 
 
Total
Past Due
 
 
Current
 
 
Total
Loans
 
 
Recorded
Investment >
90 days and
Accruing
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer and credit card
 
$
59
 
 
$
43
 
 
$
76
 
 
$
178
 
 
$
29,099
 
 
$
29,277
 
 
$
76
 
Commercial and industrial
 
 
1,296
 
 
 
289
 
 
 
-
 
 
 
1,585
 
 
 
123,724
 
 
 
125,309
 
 
 
-
 
Commercial real estate
 
 
-
 
 
 
212
 
 
 
2,586
 
 
 
2,798
 
 
 
104,700
 
 
 
107,498
 
 
 
-
 
Residential real estate and home equity
 
 
281
 
 
 
40
 
 
 
271
 
 
 
592
 
 
 
82,880
 
 
 
83,472
 
 
 
-
 
Total
 
$
1,636
 
 
$
584
 
 
$
2,933
 
 
$
5,153
 
 
$
340,403
 
 
$
345,556
 
 
$
76
 
The following table presents past due loans aged as of December 31, 2012.
Category
 
30-59 Days
Past Due
 
 
60-89
Days Past
Due
 
 
Greater
than 90
Days Past
Due
 
 
Total
Past Due
 
 
Current
 
 
Total Loans
 
 
Recorded
Investment >
90 days and
Accruing
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer and Credit Card
 
$
37
 
 
$
101
 
 
$
28
 
 
$
166
 
 
$
21,454
 
 
$
21,620
 
 
$
28
 
Commercial and Industrial
 
 
20
 
 
 
-
 
 
 
26
 
 
 
46
 
 
 
112,254
 
 
 
112,300
 
 
 
-
 
Commercial Real Estate
 
 
538
 
 
 
114
 
 
 
2,195
 
 
 
2,847
 
 
 
108,570
 
 
 
111,417
 
 
 
-
 
Residential Real Estate and Home Equity
 
 
444
 
 
 
289
 
 
 
321
 
 
 
1,054
 
 
 
71,083
 
 
 
72,137
 
 
 
-
 
Total
 
$
1,039
 
 
$
504
 
 
$
2,570
 
 
$
4,113
 
 
$
313,361
 
 
$
317,474
 
 
$
28
 
Troubled Debt Restructurings
Information regarding Troubled Debt Restructuring (“TDR”) loans for the three and six month periods ended June 30, 2013 and 2012 is as follows:
 
 
Three Months Ended
 
 
Six Months Ended
 
 
 
June 30, 2013
 
 
June 30, 2013
 
 
 
Number of
Contracts
 
 
Recorded Investment
(as of period end)
 
 
Number of
Contracts
 
 
Recorded Investment (as
of period end)
 
Consumer and Credit Card
 
 
1
 
 
$
1
 
 
 
1
 
 
$
1
 
Commercial and Industrial
 
 
-
 
 
 
-
 
 
 
3
 
 
 
903
 
Commercial Real Estate
 
 
3
 
 
 
163
 
 
 
5
 
 
 
3,600
 
Residential Real Estate and Home Equity
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
4
 
 
$
164
 
 
 
9
 
 
$
4,504
 
 
 
Three Months Ended
 
 
Six Months Ended
 
 
 
June 30, 2012
 
 
June 30, 2012
 
 
 
Number of
Contracts
 
 

Recorded Investment (as of period end)
 
 
Number of
Contracts
 
 
Recorded Investment (as of period end)
 
Consumer and Credit Card
 
 
5
 
 
$
92
 
 
 
6
 
 
$
93
 
Commercial and Industrial
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial Real Estate
 
 
2
 
 
 
3,929
 
 
 
2
 
 
 
3,929
 
Residential Real Estate and Home Equity
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
7
 
 
$
4,021
 
 
 
8
 
 
$
4,022
 
TDRs that defaulted during the period, within twelve months of their modification date
 
The following presents by class loans modified in a TDR from July 1, 2012 through June 30, 2013 that subsequently defaulted (i.e. 60 days or more past due following a modification) during the three and six month periods ended June 30, 2013.
 
 
Three Months Ended
 
 
Six Months Ended
 
 
 
June 30, 2013
 
 
June 30, 2013
 
 
 
Number of
Contracts
 
 
Recorded Investment
as of period end (1)
 
 
Number of
Contracts
 
 
Recorded Investment
as of period end (1)
 
Consumer and Credit Card
 
 
1
 
 
$
8
 
 
 
1
 
 
$
8
 
Commercial and Industrial
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial Real Estate
 
 
2
 
 
 
114
 
 
 
2
 
 
 
114
 
Residential Real Estate and Home Equity
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
3
 
 
$
122
 
 
 
3
 
 
$
122
 
The following presents class loans modified in a TDR from July 1, 2011 through June 30, 2012 that subsequently defaulted (i.e. 60 days or more past due following a modification) during the three and six month periods ended June 30, 2012.
 
 
Three Months Ended
 
 
Six Months Ended
 
 
 
June 30, 2012
 
 
June 30, 2012
 
 
 
Number of
Contracts
 
 
Recorded Investment
as of period end (1)
 
 
Number of
Contracts
 
 
Recorded Investment
as of period end (1)
 
Consumer and Credit Card
 
 
-
 
 
$
-
 
 
 
-
 
 
 
-
 
Commercial and Industrial
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial Real Estate
 
 
1
 
 
 
1,540
 
 
 
1
 
 
 
1,540
 
Residential Real Estate and Home
Equity
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
1
 
 
$
1,540
 
 
 
1
 
 
$
1,540