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Loans Receivable and Allowance for Loan Losses (Tables)
 9 Months Ended
Sep. 30, 2012
Receivables [Abstract]  
Summary of Loans Receivable
A summary of the Bank's loans receivable at September 30, 2012 and December 31, 2011 is as follows:
 
(in thousands)
September 30, 2012
 
December 31, 2011
Commercial and industrial
$
347,099

 
$
321,988

Commercial tax-exempt
88,934

 
81,532

Owner occupied real estate
274,235

 
279,372

Commercial construction and land development
107,311

 
103,153

Commercial real estate
393,182

 
364,405

Residential
82,989

 
83,940

Consumer
211,240

 
202,278

 
1,504,990

 
1,436,668

Less: allowance for loan losses
25,596

 
21,620

Net loans receivable
$
1,479,394

 
$
1,415,048
Summary of Nonaccrual Loans, by Type
The following table summarizes nonaccrual loans by loan type at September 30, 2012 and December 31, 2011:

(in thousands)
September 30, 2012
 
December 31, 2011
Nonaccrual loans:
 
 
 
   Commercial and industrial
$
17,133

 
$
10,162

   Commercial tax-exempt
—

 
—

   Owner occupied real estate
3,230

 
2,895

   Commercial construction and land development
6,826

 
8,511

   Commercial real estate
4,571

 
7,820

   Residential
3,149

 
2,912

   Consumer
2,304

 
1,829

Total nonaccrual loans
$
37,213

 
$
34,129
Age Analysis of Past Due Loan Receivables
The following tables are an age analysis of past due loan receivables as of September 30, 2012 and December 31, 2011:

 
 
Past Due Loans
 
 
Recorded Investment in Loans 90 Days and Greater and Still Accruing
(in thousands)
Current
30-59 Days Past Due
60-89 Days Past Due
90 Days Past Due and Greater
Total Past Due
Total Loan Receivables
September 30, 2012
 
 
 
 
 
 
 
Commercial and industrial
$
334,189

$
1,466

$
4,499

$
6,945

$
12,910

$
347,099

$
7

Commercial tax-exempt
88,934

—

—

—

—

88,934

—

Owner occupied real estate
269,804

441

369

3,621

4,431

274,235

411

Commercial construction and
land development
103,436

458

520

2,897

3,875

107,311

—

Commercial real estate
382,395

6,013

2,311

2,463

10,787

393,182

61

Residential
80,562

—

593

1,834

2,427

82,989

85

Consumer
207,922

1,702

357

1,259

3,318

211,240

140

Total
$
1,467,242

$
10,080

$
8,649

$
19,019

$
37,748

$
1,504,990

$
704


 
 
Past Due Loans
 
 
Recorded Investment in Loans 90 Days and Greater and Still Accruing
(in thousands)
Current
30-59 Days Past Due
60-89 Days Past Due
90 Days Past Due and Greater
Total Past Due
Total Loan Receivables
December 31, 2011
 
 
 
 
 
 
 
Commercial and industrial
$
317,016

$
696

$
1,083

$
3,193

$
4,972

$
321,988

$
—

Commercial tax-exempt
81,532

—

—

—

—

81,532

—

Owner occupied real estate
274,720

2,423

328

1,901

4,652

279,372

—

Commercial construction and
land development
94,160

470

219

8,304

8,993

103,153

—

Commercial real estate
354,818

2,191

1,272

6,124

9,587

364,405

—

Residential
75,841

4,587

607

2,905

8,099

83,940

621

Consumer
199,671

1,314

350

943

2,607

202,278

71

Total
$
1,397,758

$
11,681

$
3,859

$
23,370

$
38,910

$
1,436,668

$
692
Summary of Allowances on Loan Receivables, by Class
The following tables summarize the transactions in the ALL for the three and nine months ended September 30, 2012 and 2011:
 
(in thousands)
Comm. and industrial
Comm. tax-exempt
Owner occupied real estate
Comm. construction and land development
Comm. real estate
Residential
Consumer
Unallocated
Total
2012
 
 
 
 
 
 
 
 
 
Balance at July 1
$
10,575

$
74

$
2,117

$
8,917

$
3,139

$
438

$
797

$
101

$
26,158

Provision charged to operating expenses
398

6

294

(762
)
1,609

101

301

553

2,500

Recoveries of loans previously charged-off
15

—

—

64

55

3

20

—

157

Loans charged-off
(487
)
—

—

(625
)
(1,580
)
(198
)
(329
)
—

(3,219
)
Balance at September 30
$
10,501

$
80

$
2,411

$
7,594

$
3,223

$
344

$
789

$
654

$
25,596


(in thousands)
Comm. and industrial
Comm. tax-exempt
Owner occupied real estate
Comm. construction and land development
Comm. real estate
Residential
Consumer
Unallocated
Total
2012
 
 
 
 
 
 
 
 
 
Balance at January 1
$
8,400

$
79

$
729

$
7,840

$
3,241

$
435

$
831

$
65

$
21,620

Provision charged to operating expenses
2,832

1

1,766

464

1,749

168

381

589

7,950

Recoveries of loans previously charged-off
216

—

8

513

85

4

65

—

891

Loans charged-off
(947
)
—

(92
)
(1,223
)
(1,852
)
(263
)
(488
)
—

(4,865
)
Balance at September 30
$
10,501

$
80

$
2,411

$
7,594

$
3,223

$
344

$
789

$
654

$
25,596


(in thousands)
Comm. and industrial
Comm. tax-exempt
Owner occupied real estate
Comm. construction and land development
Comm. real estate
Residential
Consumer
Unallocated
Total
2011
 
 
 
 
 
 
 
 
 
Balance at July 1
$
8,951

$
81

$
994

$
5,391

$
5,035

$
438

$
773

$
60

$
21,723

Provision charged to operating expenses
4,841

(3
)
(58
)
8,781

(119
)
16

302

(10
)
13,750

Recoveries of loans previously charged-off
21

—

1

—

2

—

19

—

43

Loans charged-off
(3,909
)
—

(252
)
(7,532
)
(199
)
(46
)
(271
)
—

(12,209
)
Balance at September 30
$
9,904

$
78

$
685

$
6,640

$
4,719

$
408

$
823

$
50

$
23,307



(in thousands)
Comm. and industrial
Comm. tax-exempt
Owner occupied real estate
Comm. construction and land development
Comm. real estate
Residential
Consumer
Unallocated
Total
2011
 
 
 
 
 
 
 
 
 
Balance at January 1
$
9,679

$
86

$
910

$
5,420

$
4,002

$
442

$
702

$
377

$
21,618

Provision charged to operating expenses
4,973

(8
)
28

10,134

1,384

84

974

(327
)
17,242

Recoveries of loans previously charged-off
74

—

1

—

10

29

53

—

167

Loans charged-off
(4,822
)
—

(254
)
(8,914
)
(677
)
(147
)
(906
)
—

(15,720
)
Balance at September 30
$
9,904

$
78

$
685

$
6,640

$
4,719

$
408

$
823

$
50

$
23,307

A summary of the ALL and balance of loans receivable by loan class and by impairment method as of September 30, 2012 and December 31, 2011 is detailed in the tables that follow.

(in thousands)
Comm. and industrial
Comm. tax-exempt
Owner occupied real estate
Comm. construction and land development
Comm. real estate
Residential
Consumer
Unallocated
Total
 
 
 
 
 
 
 
 
 
 
September 30, 2012
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
Individually evaluated
for impairment
$
4,161

$
—

$
1,747

$
2,450

$
—

$
—

$
—

$
—

$
8,358

Collectively evaluated
for impairment
6,340

80

664

5,144

3,223

344

789

654

17,238

Total ALL
$
10,501

$
80

$
2,411

$
7,594

$
3,223

$
344

$
789

$
654

$
25,596

Loans receivable:
 
 
 
 
 
 
 
 
 
Loans evaluated
  individually
$
18,734

$
—

$
4,158

$
17,908

$
16,112

$
4,115

$
3,145

$
—

$
64,172

Loans evaluated
  collectively
328,365

88,934

270,077

89,403

377,070

78,874

208,095

—

1,440,818

Total loans receivable
$
347,099

$
88,934

$
274,235

$
107,311

$
393,182

$
82,989

$
211,240

$
—

$
1,504,990



(in thousands)
Comm. and industrial
Comm. tax-exempt
Owner occupied real estate
Comm. construction and land development
Comm. real estate
Residential
Consumer
Unallocated
Total
 
 
 
 
 
 
 
 
 
 
December 31, 2011
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
Individually evaluated
for impairment
$
1,000

$
—

$
30

$
2,600

$
—

$
—

$
—

$
—

$
3,630

Collectively evaluated
for impairment
7,400

79

699

5,240

3,241

435

831

65

17,990

Total ALL
$
8,400

$
79

$
729

$
7,840

$
3,241

$
435

$
831

$
65

$
21,620

Loans receivable:
 
 
 
 
 
 
 
 
 
Loans evaluated
  individually
$
15,504

$
—

$
7,492

$
23,216

$
12,117

$
3,346

$
1,829

$
—

$
63,504

Loans evaluated
  collectively
306,484

81,532

271,880

79,937

352,288

80,594

200,449

—

1,373,164

Total loans receivable
$
321,988

$
81,532

$
279,372

$
103,153

$
364,405

$
83,940

$
202,278

$
—

$
1,436,668
Schedule of Impaired Loan Receivables
The following table presents information regarding the Company's impaired loans as of September 30, 2012 and December 31, 2011:

 
September 30, 2012
December 31, 2011
(in thousands)
Recorded Investment
Unpaid Principal Balance
Related Allowance
Recorded Investment
Unpaid Principal Balance
Related Allowance
Loans with no related allowance:
 
 
 
 
 
 
   Commercial and industrial
$
11,185

$
17,312

$
—

$
14,504

$
19,672

$
—

   Commercial tax-exempt
—

—

—

—

—

—

   Owner occupied real estate
1,917

2,706

—

7,000

8,845

—

   Commercial construction and land
     development
10,044

11,682

—

11,203

19,756

—

   Commercial real estate
16,112

17,836

—

12,117

12,390

—

   Residential
4,115

4,375

—

3,346

3,729

—

   Consumer
3,145

3,362

—

1,829

2,168

—

Total impaired loans with no related
  allowance
46,518

57,273

—

49,999

66,560

—

Loans with an allowance recorded:
 
 
 
 
 
 
   Commercial and industrial
7,549

8,549

4,161

1,000

1,000

1,000

   Owner occupied real estate
2,241

2,241

1,747

492

659

30

   Commercial construction and land
     development
7,864

7,864

2,450

12,013

12,013

2,600

Total impaired loans with an
  allowance recorded
17,654

18,654

8,358

13,505

13,672

3,630

Total impaired loans:
 
 
 
 
 
 
   Commercial and industrial
18,734

25,861

4,161

15,504

20,672

1,000

   Commercial tax-exempt
—

—

—

—

—

—

   Owner occupied real estate
4,158

4,947

1,747

7,492

9,504

30

   Commercial construction and land
     development
17,908

19,546

2,450

23,216

31,769

2,600

   Commercial real estate
16,112

17,836

—

12,117

12,390

—

   Residential
4,115

4,375

—

3,346

3,729

—

   Consumer
3,145

3,362

—

1,829

2,168

—

Total impaired loans
$
64,172

$
75,927

$
8,358

$
63,504

$
80,232

$
3,630


Compared to December 31, 2011, $27.7 million of impaired loans without a specific reserve remained impaired without a specific reserve at September 30, 2012.  Metro also had $11.1 million of impaired loans with specific reserves at December 31, 2011 that remained impaired with a specific reserve at September 30, 2012.  A total of $15.4 million of loans were downgraded and deemed to be impaired subsequent to December 31, 2011 while $9.3 million in loans had credit improvements and were no longer considered impaired at September 30, 2012. Of the $15.4 million deemed impaired in 2012, $5.4 million, relating to relationships over $1.0 million, were new to the criticized/classified loan portfolio during 2012.  For loans deemed impaired with relationships under $1.0 million, there were 55 loans spanning across all categories with an aggregate total of $8.0 million.

Subsequent to December 31, 2011, $5.0 million of impaired loans were either charged off or the real estate was foreclosed.  During the first nine months of 2012, principal on impaired loans has also been reduced by payments made by borrowers. In addition, two loans in one relationship totaling $4.5 million were recategorized from commercial construction and land development to commercial real estate as a result of the loans becoming permanent mortgages. This change accounts for the majority of the decrease commercial construction and land development and the increase in commercial real estate from December 31, 2011 to September 30, 2012.




The following table presents additional information regarding the Company's impaired loans for the three and nine months ended September 30, 2012 and 2011:

 
Three Months Ended
Nine Months Ended
 
September 30, 2012
September 30, 2011
September 30, 2012
September 30, 2011
(in thousands)
Average Recorded Investment
Interest Income Recognized
Average Recorded Investment
Interest Income Recognized
Average Recorded Investment
Interest Income Recognized
Average Recorded Investment
Interest Income Recognized
Loans with no related allowance:
 
 
 
 
 
 
 
   Commercial and industrial
$
11,921

$
48

$
8,898

$
7

$
12,042

$
140

$
14,112

$
98

   Commercial tax-exempt
—

—

—

—

—

—

—

—

   Owner occupied real estate
2,379

27

3,684

33

4,465

150

5,067

133

   Commercial construction and
     land development
9,682

166

10,616

38

10,668

417

11,602

153

   Commercial real estate
12,238

79

9,510

19

11,699

175

8,176

29

   Residential
4,270

13

3,209

—

3,946

31

3,592

—

   Consumer
2,632

6

1,571

—

2,301

8

1,956

—

Total impaired loans with no
  related allowance
43,122

339

37,488

97

45,121

921

44,505

413

Loans with an allowance recorded:
 
 
 
 
 
 
 
   Commercial and industrial
8,106

—

8,483

—

4,709

—

8,655

—

   Owner occupied real estate
2,036

—

—

—

1,436

—

495

—

   Commercial construction and
     land development
11,524

—

4,019

—

12,552

—

3,911

—

   Commercial real estate
—

—

1,024

—

—

—

341

—

Total impaired loans with an
  allowance recorded
21,666

—

13,526

—

18,697

—

13,402

—

Total impaired loans:
 
 
 
 
 
 
 
 
   Commercial and industrial
20,027

48

17,381

7

16,751

140

22,767

98

   Commercial tax-exempt
—

—

—

—

—

—

—

—

   Owner occupied real estate
4,415

27

3,684

33

5,901

150

5,562

133

   Commercial construction and
     land development
21,206

166

14,635

38

23,220

417

15,513

153

   Commercial real estate
12,238

79

10,534

19

11,699

175

8,517

29

   Residential
4,270

13

3,209

—

3,946

31

3,592

—

   Consumer
2,632

6

1,571

—

2,301

8

1,956

—

Total impaired loans
$
64,788

$
339

$
51,014

$
97

$
63,818

$
921

$
57,907

$
413
Credit Quality Indicators for Commercial Loans, by Loan Type
Credit quality indicators for commercial loans broken out by loan type are presented in the following tables for the periods ended September 30, 2012 and December 31, 2011. There were no loans classified as doubtful for the periods ended September 30, 2012 or December 31, 2011.

 
September 30, 2012
(in thousands)
Pass Rated Loans
Special Mention
Substandard Accrual
Substandard Nonaccrual
Total
Commercial credit exposure:






   Commercial and industrial
$
303,421

$
6,936

$
19,609

$
17,133

$
347,099

   Commercial tax-exempt
88,934

—

—

—

88,934

   Owner occupied real estate
257,162

4,308

9,535

3,230

274,235

   Commercial construction and land development
87,130

5,338

8,017

6,826

107,311

   Commercial real estate
377,713

1,722

9,176

4,571

393,182

     Total
$
1,114,360

$
18,304

$
46,337

$
31,760

$
1,210,761


 
December 31, 2011
(in thousands)
Pass Rated Loans
Special Mention
Substandard Accrual
Substandard Nonaccrual
Total
Commercial credit exposure:
 
 
 
 
 
   Commercial and industrial
$
280,884

$
9,176

$
21,766

$
10,162

$
321,988

   Commercial tax-exempt
77,657

3,875

—

—

81,532

   Owner occupied real estate
263,001

2,887

10,589

2,895

279,372

   Commercial construction and land development
76,374

3,071

15,197

8,511

103,153

   Commercial real estate
349,786

794

6,005

7,820

364,405

     Total
$
1,047,702

$
19,803

$
53,557

$
29,388

$
1,150,450


 
Consumer loan credit exposures are rated either performing or nonperforming as detailed below at September 30, 2012 and December 31, 2011:

 
September 30, 2012
(in thousands)
Performing
Nonperforming
Total
Consumer credit exposure:
 
 
 
   Residential
$
79,840

$
3,149

$
82,989

   Consumer
208,936

2,304

211,240

     Total
$
288,776

$
5,453

$
294,229


 
December 31, 2011
(in thousands)
Performing
Nonperforming
Total
Consumer credit exposure:
 
 
 
   Residential
$
81,028

$
2,912

$
83,940

   Consumer
200,449

1,829

202,278

     Total
$
281,477

$
4,741

$
286,218
Troubled Debt Restructurings on Loan Receivables Modified During the Current Period
The following table presents new TDRs, with the recorded investment at the time of restructure, being the same pre-modification and post-modification, modified during the three and nine month periods ended September 30, 2012 and 2011.

 
New TDRs for the Three Months Ended
New TDRs for the Nine Months Ended
 
September 30, 2012
September 30, 2011
September 30, 2012
September 30, 2011
(dollars in thousands)
Number of Contracts
Recorded Investment at Time of Restructure
Number of Contracts
Recorded Investment at Time of Restructure
Number of Contracts
Recorded Investment at Time of Restructure
Number of Contracts
Recorded Investment at Time of Restructure
   Commercial and industrial
1

$
3,404

1

$
555

2

$
4,666

4

$
12,597

   Commercial tax-exempt
—

—

—

—

—

—

—

—

   Owner occupied real estate
—

—

1

87

—

—

1

87

   Commercial construction and
     land development
1

3,546

18

11,234

6

6,942

18

11,234

   Commercial real estate
1

3,275

5

3,385

2

3,343

5

3,385

   Residential
1

49

1

79

3

524

2

273

   Consumer
2

664

—

—

4

859

—

—

Total
6

$
10,938

26

$
15,340

17

$
16,334

30

$
27,576
Troubled Debt Restructurings on Loan Receivables, by Concession Type
The following tables present the number of contracts and balances at the time the loans were converted to a TDR status by concession type for the three and nine months ended September 30, 2012 and 2011:


(dollars in thousands)
Granting a Material Extension of Time
Forbearance Agreement
Accepting Interest Only for a Period of Time
Adjusting the Interest Rate
Change in Amortization Period
Combination of Concessions
Three Months Ended
 
 
 
 
 
 
September 30, 2012
 
 
 
 
 
 
Commercial and industrial:
 
 
 
 
 
 
   Number of Contracts
—

—

—

1

—

—

   Balance at time of TDR
$
—

$
—

$
—

$
3,404

$
—

$
—

Commercial construction and
land development:
 
 
 
 
 
 
   Number of Contracts
—

—

—

—

—

1

   Balance at time of TDR
$
—

$
—

$
—

$
—

$
—

$
3,546

Commercial real estate:
 
 
 
 
 
 
   Number of Contracts
—

—

—

—

—

1

   Balance at time of TDR
$
—

$
—

$
—

$
—

$
—

$
3,275

Residential:
 
 
 
 
 
 
   Number of Contracts
1

—

—

—

—

—

   Balance at time of TDR
$
49

$
—

$
—

$
—

$
—

$
—

Consumer:
 
 
 
 
 
 
   Number of Contracts
2

—

—

—

—

—

   Balance at time of TDR
$
664

$
—

$
—

$
—

$
—

$
—

Totals:
 
 
 
 
 
 
   Number of Contracts
3

—

—

1

—

2

   Balance at time of TDR
$
713

$
—

$
—

$
3,404

$
—

$
6,821

(dollars in thousands)
Granting a Material Extension of Time
Forbearance Agreement
Accepting Interest Only for a Period of Time
Adjusting the Interest Rate
Change in Amortization Period
Combination of Concessions
Three Months Ended
 
 
 
 
 
September 30, 2011
 
 
 
 
 
 
Commercial and industrial:


 



   Number of Contracts
1

—

—

—

—

—

   Balance at time of TDR
$
555

$
—

$
—

$
—

$
—

$
—

Owner occupied real estate:


 
 


   Number of Contracts
—

1

—

—

—

—

   Balance at time of TDR
$
—

$
87

$
—

$
—

$
—

$
—

Commercial construction and
      land development:


 
 


   Number of Contracts
17

1

—

—

—

—

   Balance at time of TDR
$
11,003

$
231

$
—

$
—

$
—

$
—

Commercial real estate:


 
 


   Number of Contracts
—

1

—

—

4

—

   Balance at time of TDR
$
—

$
93

$
—

$
—

$
3,292

$
—

Residential:


 
 


   Number of Contracts
—

—

—

—

—

1

   Balance at time of TDR
$
—

$
—

$
—

$
—

$
—

$
79

Totals:
 
 
 
 
 
 
   Number of Contracts
18

3

—

—

4

1

   Balance at time of TDR
$
11,558

$
411

$
—

$
—

$
3,292

$
79



(dollars in thousands)
Granting a Material Extension of Time
Forbearance Agreement
Accepting Interest Only for a Period of Time
Adjusting the Interest Rate
Change in Amortization Period
Combination of Concessions
Nine Months Ended
 
 
 
 
 
September 30, 2012
 
 
 
 
 
 
Commercial and industrial:
 
 
 
 
 
 
   Number of Contracts
1

—

—

1

—

—

   Balance at time of TDR
$
1,262

$
—

$
—

$
3,404

$
—

$
—

Commercial construction and
land development:
 
 
 
 
 
 
   Number of Contracts
5

—

—

—

—

1

   Balance at time of TDR
$
3,396

$
—

$
—

$
—

$
—

$
3,546

Commercial real estate:
 
 
 
 
 
 
   Number of Contracts
1

—

—

—

—

1

   Balance at time of TDR
$
68

$
—

$
—

$
—

$
—

$
3,275

Residential:
 
 
 
 
 
 
   Number of Contracts
2

—

—

—

—

1

   Balance at time of TDR
$
329

$
—

$
—

$
—

$
—

$
195

Consumer:
 
 
 
 
 
 
   Number of Contracts
4

—

—

—

—

—

   Balance at time of TDR
$
859

$
—

$
—

$
—

$
—

$
—

Totals:
 
 
 
 
 
 
   Number of Contracts
13

—

—

1

—

3

   Balance at time of TDR
$
5,914

$
—

$
—

$
3,404

$
—

$
7,016

(dollars in thousands)
Granting a Material Extension of Time
Forbearance Agreement
Accepting Interest Only for a Period of Time
Adjusting the Interest Rate
Change in Amortization Period
Combination of Concessions
Nine Months Ended
 
 
 
 
 
September 30, 2011
 
 
 
 
 
 
Commercial and industrial:
 
 
 
 
 
 
   Number of Contracts
1

3

—

—

—

—

   Balance at time of TDR
$
555

$
12,042

$
—

$
—

$
—

$
—

Owner occupied real estate:
 
 
 
 
 
 
   Number of Contracts
—

1

—

—

—

—

   Balance at time of TDR
$
—

$
87

$
—

$
—

$
—

$
—

Commercial construction and
      land development:
 
 
 
 
 
 
   Number of Contracts
17

1

—

—

—

—

   Balance at time of TDR
$
11,003

$
231

$
—

$
—

$
—

$
—

Commercial real estate:
 
 
 
 
 
 
   Number of Contracts
—

1

—

—

4

—

   Balance at time of TDR
$
—

$
93

$
—

$
—

$
3,292

$
—

Residential:
 
 
 
 
 
 
   Number of Contracts
—

—

1

—

—

1

   Balance at time of TDR
$
—

$
—

$
194

$
—

$
—

$
79

Totals:
 
 
 
 
 
 
   Number of Contracts
18

6

1

—

4

1

   Balance at time of TDR
$
11,558

$
12,453

$
194

$
—

$
3,292

$
79
Loans Receivable Modified as Troubled Debt Restructurings, Previous 12 Months, Subsequently Defaulted
The following table represents loans receivable modified as TDRs within the 12 months previous to September 30, 2012 and 2011, respectively, which subsequently defaulted during the three and nine month periods ended September 30, 2012 and 2011, respectively. The Bank's policy is to consider a loan past due or delinquent if payment is not received on or before the due date.
Troubled Debt Restructurings That Subsequently Payment Defaulted:
Three Months Ended
Nine Months Ended
 
September 30, 2012
September 30, 2011
September 30, 2012
September 30, 2011
(dollars in thousands)
Number of Contracts
Recorded Investment
Number of Contracts
Recorded Investment
Number of Contracts
Recorded Investment
Number of Contracts
Recorded Investment
   Commercial and industrial
1

$
2

—

$
—

2

$
177

2

$
8,135

   Commercial tax-exempt
—

—

—

—

—

—

—

—

   Owner occupied real estate
—

—

—

—

—

—

—

—

   Commercial construction
     and land development
—

—

—

—

4

2,575

1

219

   Commercial real estate
—

—

—

—

2

1,011

—

—

   Residential
1

65

—

—

3

609

1

187

   Consumer
—

—

—

—

1

178

—

—

Total
2

$
67

—

$
—

12

$
4,550

4

$
8,541