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Loans (Tables)
 6 Months Ended
Jun. 30, 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 asset quality rating ("AQR") 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
June 30, 2015
 

 

 

 

 

 

 

 

 
AQR Pass

$318,663



$38,233



$101,683



$105,213



$291,900



$38,139



$28,658



$30,397



$952,886

AQR Special Mention
765


—


—


751


2,077


223


194


85


4,095

AQR Substandard
14,753


—


—


5,281


1,636


149


476


32


22,327

AQR Doubtful
—


—


—


—


—


—


—


—


—

AQR Loss
—


—


—


—


—


—


—


—


—

Subtotal

$334,181



$38,233



$101,683



$111,245



$295,613



$38,511



$29,328



$30,514



$979,308

Less: Unearned origination fees, net of origination costs

 

 

(4,459
)
        Total loans
 

 

 

 

 

 

 

 


$974,849

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)
June 30, 2015

December 31, 2014
Commercial

$3,049



$2,031

Real estate construction one-to-four family
—


191

Real estate term owner occupied
43


135

Real estate term non-owner occupied
1,636


1,746

Real estate term other
—


39

Consumer secured by 1st deeds of trust
312


485

Consumer other
—


47

Total

$5,040



$4,674
Past Due Loans And Nonaccrual Loans
Past due loans and nonaccrual loans at the periods indicated are presented below by AQR:
(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
June 30, 2015
 

 

 

 

 

 

 
AQR Pass

$79



$57



$—



$—



$136



$952,750



$952,886

AQR Special Mention
189


—


—


—


189


3,906


4,095

AQR Substandard
—


4


—


5,040


5,044


17,283


22,327

AQR Doubtful
—


—


—


—


—


—


—

AQR Loss
—


—


—


—


—


—


—

Subtotal

$268



$61



$—



$5,040



$5,369



$973,939



$979,308

Less: Unearned origination fees,  net of origination costs

 


 


(4,459
)
     Total
 


 


 


 


 


 



$974,849

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
June 30, 2015
 

 

 
With no related allowance recorded
 

 

 
Commercial - AQR special mention

$163



$163



$—

Commercial - AQR substandard
11,992


12,137


—

Real estate construction other - AQR pass
731


731


—

Real estate term owner occupied- AQR pass
764


764


—

Real estate term owner occupied- AQR substandard
5,238


5,238


—

Real estate term non-owner occupied- AQR pass
540


540


—

Real estate term non-owner occupied- AQR special mention
2,070


2,070


—

Real estate term non-owner occupied- AQR substandard
1,636


1,636


—

Real estate term other - AQR substandard
149


149


—

Consumer secured by 1st deeds of trust - AQR pass
79


79


—

Consumer secured by 1st deeds of trust - AQR substandard
439


439


—

          Subtotal

$23,801



$23,946



$—

With an allowance recorded
 

 

 
Commercial - AQR substandard

$2,544



$2,544



$265

  Subtotal

$2,544



$2,544



$265

Total
 
 
 
 
 
Commercial - AQR special mention

$163



$163



$—

Commercial - AQR substandard
14,536


14,681


265

Real estate construction other - AQR pass
731


731


—

Real estate term owner-occupied - AQR pass
764


764


—

Real estate term owner-occupied - AQR substandard
5,238


5,238


—

Real estate term non-owner occupied - AQR pass
540


540


—

Real estate term non-owner occupied - AQR special mention
2,070


2,070


—

Real estate term non-owner occupied - AQR substandard
1,636


1,636


—

Real estate term other - AQR substandard
149


149


—

Consumer secured by 1st deeds of trust - AQR pass
79


79


—

Consumer secured by 1st deeds of trust - AQR substandard
439


439


—

  Total

$26,345



$26,490



$265

(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

Total
 
 
 
 
 
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 tables above represents the recorded investment at the dates indicated, plus amounts charged off for book purposes. 
The following tables summarize our average recorded investment and interest income recognized on impaired loans for the three and six month periods ended June 30, 2015 and 2014, respectively:
Three Months Ended June 30,
2015

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







     Commercial - AQR pass

$—



$—



$63



$1

     Commercial - AQR special mention
164


3


351


9

     Commercial - AQR substandard
12,315


41


2,546


4

     Real estate construction other - AQR pass
743


30


—


—

     Real estate term owner occupied- AQR pass
766


17


508


15

     Real estate term owner occupied- AQR special mention
—


—


363


4

     Real estate term owner occupied- AQR substandard
5,269


19


1,414


14

     Real estate term non-owner occupied- AQR pass
541


19


614


36

     Real estate term non-owner occupied- AQR special mention
2,079


44


3,234


25

     Real estate term non-owner occupied- AQR substandard
1,652


—


2,055


—

     Real estate term other - AQR special mention
—


—


1,161


47

     Real estate term other - AQR substandard
149


3


153


4

     Consumer secured by 1st deeds of trust - AQR pass
80


1


85


—

     Consumer secured by 1st deeds of trust - AQR substandard
444


4


379


—

     Consumer other - AQR substandard
—


—


55


—

         Subtotal

$24,202



$181



$12,981



$159

With an allowance recorded







     Commercial - AQR substandard

$2,414



$—



$—



$—

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


—


351


—

         Subtotal

$2,414



$—



$351



$—

Total





 

     Commercial - AQR pass

$—



$—



$63

 

$1

     Commercial - AQR special mention

$164



$3



$351

 

$9

     Commercial - AQR substandard
14,729


41


2,546

 
4

     Real estate construction other - AQR pass
743


30


—

 
—

     Real estate term owner-occupied - AQR pass
766


17


508

 
15

     Real estate term owner-occupied - AQR special mention
—


—


363

 
4

     Real estate term owner-occupied - AQR substandard
5,269


19


1,414

 
14

     Real estate term non-owner occupied - AQR pass
541


19


614

 
36

     Real estate term non-owner occupied - AQR special mention
2,079


44


3,234

 
25

     Real estate term non-owner occupied - AQR substandard
1,652


—


2,055

 
—

     Real estate term other - AQR special mention
—


—


1,161

 
47

     Real estate term other - AQR substandard
149


3


153

 
4

     Consumer secured by 1st deeds of trust - AQR pass
80


1


85

 
—

     Consumer secured by 1st deeds of trust - AQR substandard
444


4


730

 
—

     Consumer other - AQR substandard
—


—


55

 
—

         Total Impaired Loans

$26,616



$181



$13,332

 

$159

Six Months Ended June 30,
2015
 
2014
(In Thousands)
Average Recorded Investment
Interest Income Recognized
Average Recorded Investment
Interest Income Recognized
With no related allowance recorded
 
 
 
 
 
 
 
     Commercial - AQR pass

$—

 

$—

 

$32

 

$1

     Commercial - AQR special mention
166

 
7

 
242

 
10

     Commercial - AQR substandard
7,703

 
70

 
1,476

 
8

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

 
—

 
176

 
6

     Real estate construction other - AQR pass
753

 
59

 
—

 
—

     Real estate construction other - AQR special mention
—

 
—

 
409

 
29

     Real estate term owner occupied- AQR pass
634

 
28

 
509

 
27

     Real estate term owner occupied- AQR special mention
135

 
5

 
322

 
9

     Real estate term owner occupied- AQR substandard
2,967

 
28

 
1,143

 
27

     Real estate term non-owner occupied- AQR pass
544

 
38

 
616

 
55

     Real estate term non-owner occupied- AQR special mention
2,127

 
88

 
2,113

 
40

     Real estate term non-owner occupied- AQR substandard
2,009

 
—

 
1,033

 
—

     Real estate term other - AQR special mention
—

 
—

 
584

 
47

     Real estate term other - AQR substandard
149

 
7

 
154

 
7

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

 
2

 
86

 
2

     Consumer secured by 1st deeds of trust - AQR substandard
560

 
4

 
190

 
—

     Consumer other - AQR substandard
—

 
—

 
58

 
—

         Subtotal

$17,828

 

$336

 

$9,143

 

$268

With an allowance recorded
 
 
 
 
 
 
 
     Commercial - AQR special mention

$—

 

$—

 

$92

 

$6

     Commercial - AQR substandard
2,330

 
—

 
298

 
—

     Real estate term other - AQR substandard
141

 
—

 
—

 
—

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

 
—

 
268

 
—

         Subtotal

$2,471

 

$—

 

$658

 

$6

Total
 
 
 
 
 
 
 
     Commercial - AQR pass

$—

 

$—

 

$32

 

$1

     Commercial - AQR special mention

$166

 

$7

 

$334

 

$16

     Commercial - AQR substandard
10,033

 
70

 
1,774

 
8

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

 
—

 
176

 
6

     Real estate construction other - AQR pass
753

 
59

 
—

 
—

     Real estate construction other - AQR special mention
—

 
—

 
409

 
29

     Real estate term owner-occupied - AQR pass
634

 
28

 
509

 
27

     Real estate term owner-occupied - AQR special mention
135

 
5

 
322

 
9

     Real estate term owner-occupied - AQR substandard
2,967

 
28

 
1,143

 
27

     Real estate term non-owner occupied - AQR pass
544

 
38

 
616

 
55

     Real estate term non-owner occupied - AQR special mention
2,127

 
88

 
2,113

 
40

     Real estate term non-owner occupied - AQR substandard
2,009

 
—

 
1,033

 
—

     Real estate term other - AQR special mention
—

 
—

 
584

 
47

     Real estate term other - AQR substandard
290

 
7

 
154

 
7

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

 
2

 
86

 
2

     Consumer secured by 1st deeds of trust - AQR substandard
560

 
4

 
458

 
—

     Consumer other - AQR substandard
—

 
—

 
58

 
—

         Total Impaired Loans

$20,299

 

$336

 

$9,801

 

$274
Restructured Loans
The following table presents the breakout between newly restructured loans that occurred during the six months ended June 30, 2015 and restructured loans that occurred prior to 2015 that are still included in portfolio loans:
 
Accrual Status

Nonaccrual Status

Total Modifications
(In Thousands)


New Troubled Debt Restructurings
 

 

 
Commercial - AQR substandard

$202



$1,240



$1,442

Subtotal

$202



$1,240



$1,442

Existing Troubled Debt Restructurings

$5,534



$1,979



$7,513

Total

$5,736



$3,219



$8,955

The following table presents newly restructured loans that occurred during the six months ended June 30, 2015, by concession (terms modified):
 
 

June 30, 2015
 
Number of Contracts

Rate Modification

Term Modification

Payment Modification

Combination Modification

Total Modifications
(In Thousands)





Pre-Modification Outstanding Recorded Investment:
 

 

 

 

 

 
Commercial - AQR substandard
3


$—



$—



$—



$1,035



$1,035

Total
3


$—



$—



$—



$1,035



$1,035

Post-Modification Outstanding Recorded Investment:
 

 

 

 

 

 
Commercial - AQR substandard
3


$—



$—



$—



$1,442



$1,442

Total
3


$—



$—



$—



$1,442



$1,442
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 June 30, 2015 and 2014, respectively:
 
 
 
June 30, 2015
 
 
 
June 30, 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