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Loans (Tables)
 9 Months Ended
Sep. 30, 2014
Loans  
Schedule of loans

 

 
   September 30,
2014		   December 31,
2013		  
 
   (Dollars in thousands)
  

Loans held-for-investment:

              

Commercial

   $ 436,481   $ 393,074  

Real estate:

              

Commercial and residential

     464,991     423,288  

Land and construction

     53,064     31,443  

Home equity

     61,079     51,815  

Consumer

     14,609     15,677  
           
​ ​ ​ ​ ​ ​ ​ ​

Loans

     1,030,224     915,297  

Deferred loan origination fees, net

     (628 )   (384 )
           
​ ​ ​ ​ ​ ​ ​ ​

Loans, net of deferred fees

     1,029,596     914,913  

Allowance for loan losses

     (18,541 )   (19,164 )
           
​ ​ ​ ​ ​ ​ ​ ​

Loans, net

   $ 1,011,055   $ 895,749  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
Schedule of changes in allowance for loan losses

 

 
   Three Months Ended September 30, 2014  
 
   Commercial   Real Estate   Consumer   Total  
 
   (Dollars in thousands)
  

Balance, beginning of period

   $ 11,454   $ 7,069   $ 69   $ 18,592  

Charge-offs

     (132 )   —     (25 )   (157 )

Recoveries

     123     7     —     130  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net (charge-offs) recoveries

     (9 )   7     (25 )   (27 )

Provision (credit) for loan losses

     163     (205 )   18     (24 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Balance, end of period

   $ 11,608   $ 6,871   $ 62   $ 18,541  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   


 

 
   Three Months Ended September 30, 2013  
 
   Commercial   Real Estate   Consumer   Total  
 
   (Dollars in thousands)
  

Balance, beginning of period

   $ 12,811   $ 6,388   $ 143   $ 19,342  

Charge-offs

     (254 )   (40 )   —     (294 )

Recoveries

     820     7     1     828  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net recoveries

     566     (33 )   1     534  

Provision (credit) for loan losses

     (10 )   (461 )   (63 )   (534 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Balance, end of period

   $ 13,367   $ 5,894   $ 81   $ 19,342  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   


 

 
   Nine Months Ended September 30, 2014  
 
   Commercial   Real Estate   Consumer   Total  
 
   (Dollars in thousands)
  

Balance, beginning of period

   $ 12,533   $ 6,548   $ 83   $ 19,164  

Charge-offs

     (726 )   —     (25 )   (751 )

Recoveries

     309     51     —     360  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net (charge-offs) recoveries

     (417 )   51     (25 )   (391 )

Provision (credit) for loan losses

     (508 )   272     4     (232 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Balance, end of period

   $ 11,608   $ 6,871   $ 62   $ 18,541  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   


 

 
   Nine Months Ended September 30, 2013  
 
   Commercial   Real Estate   Consumer   Total  
 
   (Dollars in thousands)
  

Balance, beginning of period

   $ 12,866   $ 6,034   $ 127   $ 19,027  

Charge-offs

     (1,213 )   (96 )   —     (1,309 )

Recoveries

     2,158     269     1     2,428  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net recoveries

     945     173     1     1,119  

Provision (credit) for loan losses

     (444 )   (313 )   (47 )   (804 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Balance, end of period

   $ 13,367   $ 5,894   $ 81   $ 19,342  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
Schedule of balance in allowance for loan losses and recorded investment in loans by portfolio segment, based on impairment method

 

 
   September 30, 2014  
 
   Commercial   Real Estate   Consumer   Total  
 
   (Dollars in thousands)
  

Allowance for loan losses:

                          

Ending allowance balance attributable to loans:

                          

Individually evaluated for impairment

   $ 606   $ 124   $ —   $ 730  

Collectively evaluated for impairment

     11,002     6,747     62     17,811  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total allowance balance

   $ 11,608   $ 6,871   $ 62   $ 18,541  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Loans:

                          

Individually evaluated for impairment

   $ 3,398   $ 3,806   $ 6   $ 7,210  

Collectively evaluated for impairment

     433,083     575,328     14,603     1,023,014  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loan balance

   $ 436,481   $ 579,134   $ 14,609   $ 1,030,224  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   


 

 
   December 31, 2013  
 
   Commercial   Real Estate   Consumer   Total  
 
   (Dollars in thousands)
  

Allowance for loan losses:

                          

Ending allowance balance attributable to loans:

                          

Individually evaluated for impairment

   $ 1,694   $ 741   $ 21   $ 2,456  

Collectively evaluated for impairment

     10,839     5,807     62     16,708  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total allowance balance

   $ 12,533   $ 6,548   $ 83   $ 19,164  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Loans:

                          

Individually evaluated for impairment

   $ 4,906   $ 6,790   $ 122   $ 11,818  

Collectively evaluated for impairment

     388,168     499,756     15,555     903,479  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loan balance

   $ 393,074   $ 506,546   $ 15,677   $ 915,297  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
Schedule of loans held-for-investment individually evaluated for impairment by class of loans

 

 
   September 30, 2014   December 31, 2013  
 
   Unpaid
Principal
Balance		   Recorded
Investment		   Allowance
for Loan
Losses
Allocated		   Unpaid
Principal
Balance		   Recorded
Investment		   Allowance
for Loan
Losses
Allocated		  
 
   (Dollars in thousands)
  

With no related allowance recorded:

                                      

Commercial

   $ 2,923   $ 2,361   $ —   $ 1,999   $ 1,915   $ —  

Real estate:

                                      

Commercial and residential

     2,531     1,672     —     2,831     2,831     —  

Land and construction

     2,144     1,655     —     1,761     1,761     —  

Home Equity

     355     355     —     377     377     —  

Consumer

     6     6     —     —     —     —  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total with no related allowance recorded

     7,959     6,049     —     6,968     6,884     —  

With an allowance recorded:

    
 		    
 		    
 		    
 		    
 		    
 		  

Commercial

     1,037     1,037   $ 606     3,225     2,991     1,694  

Real estate:

                                      

Commercial and residential

     —     —     —     1,531     1,531     451  

Home Equity

     124     124     124     290     290     290  

Consumer

     —     —     —     122     122     21  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total with an allowance recorded

     1,161     1,161     730     5,168     4,934     2,456  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 9,120   $ 7,210   $ 730   $ 12,136   $ 11,818   $ 2,456  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           
Schedule of average impaired loans with interest recognized and cash-basis interest earned on impaired loans

 

 
   Three Months Ended September 30, 2014  
 
    
   Real Estate    
    
  
 
   Commercial   Commercial and
Residential		   Land and
Construction		   Home
Equity		   Consumer   Total  
 
   (Dollars in thousands)
  

Average of impaired loans during the period

   $ 3,790   $ 2,273   $ 1,672   $ 513   $ 19   $ 8,267  

Interest income during impairment

   $ —   $ —   $ —   $ —   $ —   $ —  

Cash-basis interest earned

   $ —   $ —   $ —   $ —   $ —   $ —  


 

 
   Three Months Ended September 30, 2013  
 
    
   Real Estate    
    
  
 
   Commercial   Commercial and
Residential		   Land and
Construction		   Home
Equity		   Consumer   Total  
 
   (Dollars in thousands)
  

Average of impaired loans during the period

   $ 5,539   $ 5,032   $ 1,989   $ 2,393   $ 133   $ 15,086  

Interest income during impairment

   $ —   $ —   $ —   $ —   $ —   $ —  

Cash-basis interest earned

   $ —   $ —   $ —   $ —   $ —   $ —  


 

 
   Nine Months Ended September 30, 2014  
 
    
   Real Estate    
    
  
 
   Commercial   Commercial and
Residential		   Land and
Construction		   Home
Equity		   Consumer   Total  
 
   (Dollars in thousands)
  

Average of impaired loans during the period

   $ 4,411   $ 3,034   $ 1,705   $ 575   $ 69   $ 9,794  

Interest income during impairment

   $ 56   $ —   $ —   $ —   $ —   $ 56  

Cash-basis interest earned

   $ —   $ —   $ —   $ —   $ —   $ —  


 

 
   Nine Months Ended September 30, 2013  
 
    
   Real Estate    
    
  
 
   Commercial   Commercial and
Residential		   Land and
Construction		   Home
Equity		   Consumer   Total  
 
   (Dollars in thousands)
  

Average of impaired loans during the period

   $ 7,342   $ 5,061   $ 2,095   $ 2,414   $ 138   $ 17,050  

Interest income during impairment

   $ —   $ —   $ —   $ —   $ —   $ —  

Cash-basis interest earned

   $ —   $ —   $ —   $ —   $ —   $ —  
Schedule of nonperforming loans

 

 
   September 30,    
  
 
   December 31,
2013		  
 
   2014   2013  
 
   (Dollars in thousands)
  

Nonaccrual loans—held-for-investment

   $ 7,010   $ 14,615   $ 11,326  

Restructured and loans over 90 days past due and still accruing

     200     502     492  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total nonperforming loans

   $ 7,210   $ 15,117   $ 11,818  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Other restructured loans

   $ —   $ 10   $ —  

Impaired loans, excluding loans held-for-sale

   $ 7,210   $ 15,127   $ 11,818  
Schedule of nonperforming loans by class

 

 
   September 30, 2014   December 31, 2013  
 
   Nonaccrual   Restructured and
Loans Over 90 Days
Past Due and
Still Accruing		   Total   Nonaccrual   Restructured and
Loans Over 90 Days
Past Due and
Still Accruing		   Total  
 
   (Dollars in thousands)
  

Commercial

   $ 3,198   $ 200   $ 3,398   $ 4,414   $ 492   $ 4,906  

Real estate:

                                      

Commercial and residential

     1,672     —     1,672     4,363     —     4,363  

Land and construction

     1,655     —     1,655     1,761     —     1,761  

Home equity

     479     —     479     666     —     666  

Consumer

     6     —     6     122     —     122  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 7,010   $ 200   $ 7,210   $ 11,326   $ 492   $ 11,818  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           
Schedule of aging of past due loans by class of loans

 

 
   September 30, 2014  
 
   30 - 59
Days
Past Due		   60 - 89
Days
Past Due		   90 Days or
Greater
Past Due		   Total
Past Due		   Loans Not
Past Due		   Total  
 
   (Dollars in thousands)
  

Commercial

   $ 344   $ 131   $ 2,197   $ 2,672   $ 433,809   $ 436,481  

Real estate:

                                      

Commercial and residential

     —     —     1,065     1,065     463,926     464,991  

Land and construction

     308     —     —     308     52,756     53,064  

Home equity

     —     —     124     124     60,955     61,079  

Consumer

     —     —     —     —     14,609     14,609  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 652   $ 131   $ 3,386   $ 4,169   $ 1,026,055   $ 1,030,224  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           


 

 
   December 31, 2013  
 
   30 - 59
Days
Past Due		   60 - 89
Days
Past Due		   90 Days or
Greater
Past Due		   Total
Past Due		   Loans Not
Past Due		   Total  
 
   (Dollars in thousands)
  

Commercial

   $ 3,314   $ 428   $ 2,865   $ 6,607   $ 386,467   $ 393,074  

Real estate:

                                      

Commercial and residential

     1,559     —     1,065     2,624     420,664     423,288  

Land and construction

     —     —     —     —     31,443     31,443  

Home equity

     28     —     290     318     51,497     51,815  

Consumer

     —     —     89     89     15,588     15,677  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 4,901   $ 428   $ 4,309   $ 9,638   $ 905,659   $ 915,297  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           
Summary of loan portfolio by loan type and credit quality classification

 

 
   September 30, 2014   December 31, 2013  
 
   Nonclassified   Classified*   Total   Nonclassified   Classified*   Total  
 
   (Dollars in thousands)
  

Commercial

   $ 428,372   $ 8,109   $ 436,481   $ 380,806   $ 12,268   $ 393,074  

Real estate:

                                      

Commercial and residential

     458,671     6,320     464,991     416,992     6,296     423,288  

Land and construction

     51,408     1,656     53,064     29,682     1,761     31,443  

Home equity

     59,945     1,134     61,079     48,818     2,997     51,815  

Consumer

     14,252     357     14,609     15,336     341     15,677  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 1,012,648   $ 17,576   $ 1,030,224   $ 891,634   $ 23,663   $ 915,297  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           
*
Classified loans in the table above include Small Business Administration ("SBA") guarantees.