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Loans (Tables)
 3 Months Ended
Mar. 31, 2015
Loans [Abstract]  
Loan Portfolio Segmented By Risk Class
The following table presents total portfolio loans by portfolio segment and class of financing receivable, based on our risk classification criteria:
(In Thousands)
Commercial

Real estate construction one-to-four family

Real estate construction other

Real estate term owner occupied

Real estate term non-owner occupied

Real estate term other

Consumer secured by 1st deeds of trust

Consumer other

Total
March 31, 2015
 

 

 

 

 

 

 

 

 
AQR Pass

$307,514



$41,272



$92,382



$103,593



$291,821



$39,716



$29,833



$30,242



$936,373

AQR Special Mention
11,601


—


—


5,780


2,094


—


398


43


19,916

AQR Substandard
5,318


—


—


594


1,668


433


643


81


8,737

AQR Doubtful
—


—


—


—


—


—


—


—


—

AQR Loss
—


—


—


—


—


—


—


—


—

Subtotal

$324,433



$41,272



$92,382



$109,967



$295,583



$40,149



$30,874



$30,366



$965,026

Less: Unearned origination fees, net of origination costs

 

 

(4,462
)
        Total loans
 

 

 

 

 

 

 

 


$960,564

December 31, 2014
 

 

 

 

 

 

 

 

 
AQR Pass

$291,020



$34,651



$91,195



$103,049



$282,774



$36,705



$31,118



$31,399



$901,911

AQR Special Mention
11,618


—


—


5,817


2,095


39


396


47


20,012

AQR Substandard
3,905


191


—


606


1,747


150


486


47


7,132

AQR Doubtful
—


—


—


—


—


—


—


—


—

AQR Loss
—


—


—


—


—


—


—


—


—

Subtotal

$306,543



$34,842



$91,195



$109,472



$286,616



$36,894



$32,000



$31,493



$929,055

Less: Unearned origination fees, net of origination costs

 

 

(4,551
)
        Total loans
 

 

 

 

 

 

 

 


$924,504
Nonaccrual Loans By Segment
Nonaccrual loans at the periods indicated, by segment, are presented below:
(In  Thousands)
March 31, 2015

December 31, 2014
Commercial

$2,538



$2,031

Real estate construction one-to-four family
—


191

Real estate construction other
—


—

Real estate term owner occupied
127


135

Real estate term non-owner occupied
1,668


1,746

Real estate term other
—


39

Consumer secured by 1st deeds of trust
477


485

Consumer other
—


47

Total

$4,810



$4,674
Past Due Loans And Nonaccrual Loans
Past due loans and nonaccrual loans at the periods indicated are presented below by loan class:
(In Thousands)
30-59 Days
Past Due
Still
Accruing

60-89 Days
Past Due
Still
Accruing

Greater Than
90 Days
Still
Accruing

Nonaccrual

Total Past
Due

Current

Total
March 31, 2015
 

 

 

 

 

 

 
AQR Pass

$1,246



$55



$—



$—



$1,301



$935,072



$936,373

AQR Special Mention
49


—


—


—


49


19,867


19,916

AQR Substandard
166


565


—


4,810


5,541


3,196


8,737

AQR Doubtful
—


—


—


—


—


—


—

AQR Loss
—


—


—


—


—


—


—

Subtotal

$1,461



$620



$—



$4,810



$6,891



$958,135



$965,026

Less: Unearned origination fees,  net of origination costs

 


 


(4,462
)
     Total
 


 


 


 


 


 



$960,564

December 31, 2014
 

 

 

 

 

 

 
AQR Pass

$696



$545



$—



$—



$1,241



$900,670



$901,911

AQR Special Mention
—


—


—


—


—


20,012


20,012

AQR Substandard
40


—


—


4,674


4,714


2,418


7,132

AQR Doubtful
—


—


—


—


—


—


—

AQR Loss
—


—


—


—


—


—


—

Subtotal

$736



$545



$—



$4,674



$5,955



$923,100



$929,055

Less: Unearned origination fees,  net of origination costs

 


 


(4,551
)
     Total
 


 


 


 


 


 



$924,504
Impaired Loans
The following table presents information about impaired loans by class as of the periods indicated:
(In Thousands)
Recorded Investment

Unpaid Principal Balance

Related Allowance
March 31, 2015
 

 

 
With no related allowance recorded
 

 

 
Commercial - AQR special mention

$166



$166



$—

Commercial - AQR substandard
2,729


2,874


—

Real estate construction other - AQR pass
755


755


—

Real estate term owner occupied- AQR pass
498


498


—

Real estate term owner occupied- AQR special mention
271


271


—

Real estate term owner occupied- AQR substandard
549


549


—

Real estate term non-owner occupied- AQR pass
543


543


—

Real estate term non-owner occupied- AQR special mention
2,087


2,087


—

Real estate term non-owner occupied- AQR substandard
1,668


1,668


—

Real estate term other - AQR substandard
149


149


—

Consumer secured by 1st deeds of trust - AQR pass
81


81


—

Consumer secured by 1st deeds of trust - AQR substandard
605


618


—

          Subtotal

$10,101



$10,259



$—

With an allowance recorded
 

 

 
Commercial - AQR substandard

$2,442



$2,442



$361

Real estate term other - AQR substandard
284


284


55

  Subtotal

$2,726



$2,726



$416

Commercial - AQR special mention

$166



$166



$—

Commercial - AQR substandard
5,171


5,316


361

Real estate construction other - AQR pass
755


755


—

Real estate term owner-occupied - AQR pass
498


498


—

Real estate term owner-occupied - AQR special mention
271


271


—

Real estate term owner-occupied - AQR substandard
549


549


—

Real estate term non-owner occupied - AQR pass
543


543


—

Real estate term non-owner occupied - AQR special mention
2,087


2,087


—

Real estate term non-owner occupied - AQR substandard
1,668


1,668


—

Real estate term other - AQR substandard
433


433


55

Consumer secured by 1st deeds of trust - AQR pass
81


81


—

Consumer secured by 1st deeds of trust - AQR substandard
605


618


—

  Total

$12,827



$12,985



$416

(In Thousands)
Recorded Investment
 
Unpaid Principal Balance
 
Related Allowance
December 31, 2014
 

 

 
With no related allowance recorded
 

 

 
Commercial - AQR special mention

$170



$170



$—

Commercial - AQR substandard
3,000


3,045


—

Real estate construction one-to-four family - AQR special mention
191


191


—

Real estate construction other - AQR pass
772


772


—

Real estate term owner occupied - AQR pass
501


501


—

Real estate term owner occupied - AQR special mention
273


273


—

Real estate term owner occupied - AQR substandard
558


558


—

Real estate term non-owner occupied - AQR pass
549

 
549

 
—

Real estate term non-owner occupied - AQR special mention
2,088


2,088


—

Real estate term non-owner occupied - AQR substandard
1,709


1,709


—

Real estate term other - AQR substandard
150


150


—

Consumer secured by 1st deeds of trust - AQR pass
82


82


—

Consumer secured by 1st deeds of trust - AQR special mention
448


461


—

  Subtotal

$10,491



$10,549



$—

With an allowance recorded
 

 

 
Commercial - AQR substandard

$806



$806



$75

         Subtotal

$806



$806



$75

Commercial - AQR special mention

$170



$170



$—

Commercial - AQR substandard
3,806


3,851


75

Real estate construction one-to-four family - AQR special mention
191


191


—

Real estate construction other - AQR pass
772


772


—

Real estate term owner occupied - AQR pass
501


501


—

Real estate term owner occupied - AQR special mention
273


273


—

Real estate term owner occupied - AQR substandard
558


558


—

Real estate term non-owner occupied - AQR pass
549

 
549

 
—

Real estate term non-owner occupied - AQR special mention
2,088


2,088


—

Real estate term non-owner occupied - AQR substandard
1,709


1,709


—

Real estate term other - AQR substandard
150


150


—

Consumer secured by 1st deeds of trust - AQR pass
82


82


—

Consumer secured by 1st deeds of trust - AQR special mention
448


461


—

  Total

$11,297



$11,355



$75



The unpaid principal balance included in the table above represents the recorded investment at the dates indicated, plus amounts charged off for book purposes. 
The following table summarizes our average recorded investment and interest income recognized on impaired loans for the three month periods ended March 31, 2015 and 2014, respectively:
Three Months Ended March 31,
2015

2014
(In Thousands)
Average Recorded Investment
Interest Income Recognized
Average Recorded Investment
Interest Income Recognized
With no related allowance recorded







     Commercial - AQR special mention

$168



$3



$132



$1

     Commercial - AQR substandard
3,040


29


393


4

     Real estate construction one-to-four family - AQR special mention
—


—


353


6

     Real estate construction other - AQR pass
763


30


—


—

     Real estate construction other - AQR special mention
—


—


823


30

     Real estate term owner occupied- AQR pass
499


12


511


11

     Real estate term owner occupied- AQR special mention
272


5


281


6

     Real estate term owner occupied- AQR substandard
640


9


869


13

     Real estate term non-owner occupied- AQR pass
546


19


618


19

     Real estate term non-owner occupied- AQR special mention
2,175


44


979


15

     Real estate term non-owner occupied- AQR substandard
2,371


—


—


—

     Real estate term other - AQR substandard
150


3


154


3

     Consumer secured by 1st deeds of trust - AQR pass
81


1


87


1

     Consumer secured by 1st deeds of trust - AQR substandard
677


—


—


—

     Consumer other - AQR substandard
—


—


61


—

         Subtotal

$11,382



$155



$5,261



$109

With an allowance recorded







     Commercial - AQR special mention

$—



$—



$185



$6

     Commercial - AQR substandard
2,245


—


600


—

     Real estate term other - AQR substandard
284


—


—


—

     Consumer secured by 1st deeds of trust - AQR substandard
—


—


185


—

         Subtotal

$2,529



$—



$970



$6

Total





 

     Commercial - AQR special mention

$168



$3



$317

 

$7

     Commercial - AQR substandard
5,285


29


993

 
4

     Real estate construction one-to-four family - AQR special mention
—


—


353

 
6

     Real estate construction other - AQR pass
763


30


—

 
—

     Real estate construction other - AQR special mention
—


—


823

 
30

     Real estate term owner-occupied - AQR pass
499


12


511

 
11

     Real estate term owner-occupied - AQR special mention
272


5


281

 
6

     Real estate term owner-occupied - AQR substandard
640


9


869

 
13

     Real estate term non-owner occupied - AQR pass
546


19


618

 
19

     Real estate term non-owner occupied - AQR special mention
2,175


44


979

 
15

     Real estate term non-owner occupied - AQR substandard
2,371


—


—

 
—

     Real estate term other - AQR substandard
434


3


154

 
3

     Consumer secured by 1st deeds of trust - AQR pass
81


1


87

 
1

     Consumer secured by 1st deeds of trust - AQR substandard
677


—


185

 
—

     Consumer other - AQR substandard
—


—


61

 
—

         Total Impaired Loans

$13,911



$155



$6,231

 

$115
Restructured Loans
The following table presents newly restructured loans that occurred during the three months ended March 31, 2015:
 
Accrual Status

Nonaccrual Status

Total Modifications
(In Thousands)


New Troubled Debt Restructurings
 

 

 
Commercial - AQR substandard

$150



$1,204



$1,354

Subtotal

$150



$1,204



$1,354

Existing Troubled Debt Restructurings
5,638


2,041


7,679

Total

$5,788



$3,245



$9,033

The following table presents newly restructured loans that occurred during the three months ended March 31, 2015, by concession (terms modified):
 
 

March 31, 2015
 
Number of Contracts

Rate Modification

Term Modification

Payment Modification

Combination Modification

Total Modifications
(In Thousands)





Pre-Modification Outstanding Recorded Investment:
 

 

 

 

 

 
Commercial - AQR substandard
2


$—



$—



$—



$900



$900

Total
2


$—



$—



$—



$900



$900

Post-Modification Outstanding Recorded Investment:
 

 

 

 

 

 
Commercial - AQR substandard
2


$—



$—



$—



$1,354



$1,354

Total
2


$—



$—



$—



$1,354



$1,354
Troubled debt restructurings that subsequently defaulted
The loans in the following table are past due, and they are nonaccrual loans. The following table presents TDRs that occurred during the last twelve months that subsequently defaulted, for the periods ending March 31, 2015 and 2014, respectively:
 
 
 
March 31, 2015
 
 
 
March 31, 2014
 
Number of Contracts
 
Recorded Investment
 
Number of Contracts
 
Recorded Investment
(In  Thousands)
 
 
Troubled Debt Restructurings that Subsequently Defaulted:
 
 
 
 
 
 
 
Real estate construction one-to-four family - AQR special mention
—
 

$—

 
1
 

$353

Total
—
 

$—

 
1
 

$353