XML 83 R27.htm IDEA: XBRL DOCUMENT v3.3.0.814
Loans (Tables)
 9 Months Ended
Sep. 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
September 30, 2015
 

 

 

 

 

 

 

 

 
AQR Pass

$309,102



$48,527



$96,037



$106,573



$290,743



$36,076



$26,964



$29,159



$943,181

AQR Special Mention
573


—


—


746


108


367


164


21


1,979

AQR Substandard
15,417


—


11,356


5,208


262


—


536


89


32,868

AQR Doubtful
—


—


—


—


—


—


—


—


—

AQR Loss
—


—


—


—


—


—


—


—


—

Subtotal

$325,092



$48,527



$107,393



$112,527



$291,113



$36,443



$27,664



$29,269



$978,028

Less: Unearned origination fees, net of origination costs

 

 

(4,348
)
        Total loans
 

 

 

 

 

 

 

 


$973,680

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)
September 30, 2015

December 31, 2014
Commercial

$3,041



$2,031

Real estate construction one-to-four family
—


191

Real estate term owner occupied
41


135

Real estate term non-owner occupied
262


1,746

Real estate term other
—


39

Consumer secured by 1st deeds of trust
302


485

Consumer other
89


47

Total

$3,735



$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
September 30, 2015
 

 

 

 

 

 

 
AQR Pass

$80



$—



$—



$—



$80



$943,101



$943,181

AQR Special Mention
15


—


—


—


15


1,964


1,979

AQR Substandard
—


—


—


3,735


3,735


29,133


32,868

AQR Doubtful
—


—


—


—


—


—


—

AQR Loss
—


—


—


—


—


—


—

Subtotal

$95



$—



$—



$3,735



$3,830



$974,198



$978,028

Less: Unearned origination fees,  net of origination costs

 


 


(4,348
)
     Total
 


 


 


 


 


 



$973,680

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
September 30, 2015
 

 

 
With no related allowance recorded
 

 

 
Commercial - AQR special mention

$160



$160



$—

Commercial - AQR substandard
14,011


14,460


—

Real estate construction other - AQR pass
721


721


—

Real estate construction other - AQR substandard
11,356


11,356




Real estate term owner occupied- AQR pass
758


758


—

Real estate term owner occupied- AQR substandard
5,167


5,167


—

Real estate term non-owner occupied- AQR pass
493


493


—

Real estate term non-owner occupied- AQR special mention
101


101


—

Real estate term non-owner occupied- AQR substandard
262


262


—

Real estate term other - AQR special mention
148


148


—

Consumer secured by 1st deeds of trust - AQR pass
78


78


—

Consumer secured by 1st deeds of trust - AQR substandard
482


482


—

          Subtotal

$33,737



$34,186



$—

With an allowance recorded
 

 

 
Commercial - AQR substandard

$1,169



$1,169



$433

Consumer other - AQR substandard
80


80


80

  Subtotal

$1,249



$1,249



$513

Total
 
 
 
 
 
Commercial - AQR special mention

$160



$160



$—

Commercial - AQR substandard
15,180


15,629


433

Real estate construction other - AQR pass
721


721


—

Real estate construction other - AQR substandard
11,356


11,356


—

Real estate term owner-occupied - AQR pass
758


758


—

Real estate term owner-occupied - AQR substandard
5,167


5,167


—

Real estate term non-owner occupied - AQR pass
493


493


—

Real estate term non-owner occupied - AQR special mention
101


101


—

Real estate term non-owner occupied - AQR substandard
262


262


—

Real estate term other - AQR special mention
148


148


—

Consumer secured by 1st deeds of trust - AQR pass
78


78


—

Consumer secured by 1st deeds of trust - AQR substandard
482


482


—

Consumer other - AQR substandard
80


80


80

  Total

$34,986



$35,435



$513

(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 nine month periods ended September 30, 2015 and 2014, respectively:
Three Months Ended September 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

$—



$—



$323



$1

     Commercial - AQR special mention
161


3


358


10

     Commercial - AQR substandard
13,661


155


1,661


65

     Real estate construction other - AQR pass
726


13


—


—

     Real estate construction other - AQR substandard
5,678


—


—


—

     Real estate term owner occupied- AQR pass
761


17


505


12

     Real estate term owner occupied- AQR special mention
—


—


276


6

     Real estate term owner occupied- AQR substandard
5,203


85


1,218


24

     Real estate term non-owner occupied- AQR pass
516


19


591


19

     Real estate term non-owner occupied- AQR special mention
101


10


3,103


168

     Real estate term non-owner occupied- AQR substandard
269


—


1,118


—

     Real estate term other - AQR special mention
148


3


795


30

     Real estate term other - AQR substandard
—


—


424


3

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


—


84


1

     Consumer secured by 1st deeds of trust - AQR special mention
78


1


—


—

     Consumer secured by 1st deeds of trust - AQR substandard
461


2


467


—

         Subtotal

$27,763



$308



$10,923



$339

With an allowance recorded







     Commercial - AQR substandard

$944



$—



$—



$—

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


—


165


—

     Consumer other - AQR substandard
40


—


—


—

         Subtotal

$984



$—



$165



$—

Total





 

     Commercial - AQR pass

$—



$—



$323

 

$1

     Commercial - AQR special mention
161


3


358

 
10

     Commercial - AQR substandard
14,605


155


1,661

 
65

     Real estate construction other - AQR pass
726


13


—

 
—

     Real estate construction other - AQR substandard
5,678


—


—

 
—

     Real estate term owner-occupied - AQR pass
761


17


505

 
12

     Real estate term owner-occupied - AQR special mention
—


—


276

 
6

     Real estate term owner-occupied - AQR substandard
5,203


85


1,218

 
24

     Real estate term non-owner occupied - AQR pass
516


19


591

 
19

     Real estate term non-owner occupied - AQR special mention
101


10


3,103

 
168

     Real estate term non-owner occupied - AQR substandard
269


—


1,118

 
—

     Real estate term other - AQR special mention
148


3


795

 
30

     Real estate term other - AQR substandard
—


—


424

 
3

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


—


84

 
1

     Consumer secured by 1st deeds of trust - AQR special mention
78


1


—

 
—

     Consumer secured by 1st deeds of trust - AQR substandard
461


2


632

 
—

     Consumer other - AQR substandard
40


—


—

 
—

         Total Impaired Loans

$28,747



$308



$11,088

 

$339

Nine Months Ended September 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

$—

 

$—

 

$130

 

$2

     Commercial - AQR special mention
165

 
10

 
281

 
20

     Commercial - AQR substandard
9,711

 
225

 
1,538

 
72

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

 
—

 
116

 
6

     Real estate construction other - AQR pass
744

 
72

 
—

 
—

     Real estate construction other - AQR special mention
—

 
—

 
271

 
29

     Real estate construction other - AQR substandard
1,913

 
—

 
—

 
—

     Real estate term owner occupied- AQR pass
677

 
46

 
508

 
39

     Real estate term owner occupied- AQR special mention
90

 
5

 
307

 
15

     Real estate term owner occupied- AQR substandard
3,720

 
113

 
1,168

 
51

     Real estate term non-owner occupied- AQR pass
534

 
57

 
607

 
74

     Real estate term non-owner occupied- AQR special mention
1,444

 
97

 
2,447

 
209

     Real estate term non-owner occupied- AQR substandard
1,423

 
—

 
1,062

 
—

     Real estate term other - AQR special mention
50

 
3

 
655

 
77

     Real estate term other - AQR substandard
99

 
7

 
245

 
10

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

 
3

 
85

 
3

     Consumer secured by 1st deeds of trust - AQR substandard
526

 
6

 
284

 
—

     Consumer other - AQR substandard
—

 
—

 
38

 
—

         Subtotal

$21,176

 

$644

 

$9,742

 

$607

With an allowance recorded
 
 
 
 
 
 
 
     Commercial - AQR special mention

$—

 

$—

 

$61

 

$6

     Commercial - AQR substandard
1,863

 
—

 
198

 
—

     Real estate term other - AQR substandard
93

 
—

 
—

 
—

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

 
—

 
234

 
—

     Consumer other - AQR substandard
14

 
—

 
—

 
—

         Subtotal

$1,970

 

$—

 

$493

 

$6

Total
 
 
 
 
 
 
 
     Commercial - AQR pass

$—

 

$—

 

$130

 

$2

     Commercial - AQR special mention
165

 
10

 
342

 
26

     Commercial - AQR substandard
11,574

 
225

 
1,736

 
72

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

 
—

 
116

 
6

     Real estate construction other - AQR pass
744

 
72

 
—

 
—

     Real estate construction other - AQR special mention
—

 
—

 
271

 
29

     Real estate construction other - AQR substandard
1,913

 
—

 
—

 
—

     Real estate term owner-occupied - AQR pass
677

 
46

 
508

 
39

     Real estate term owner-occupied - AQR special mention
90

 
5

 
307

 
15

     Real estate term owner-occupied - AQR substandard
3,720

 
113

 
1,168

 
51

     Real estate term non-owner occupied - AQR pass
534

 
57

 
607

 
74

     Real estate term non-owner occupied - AQR special mention
1,444

 
97

 
2,447

 
209

     Real estate term non-owner occupied - AQR substandard
1,423

 
—

 
1,062

 
—

     Real estate term other - AQR special mention
50

 
3

 
655

 
77

     Real estate term other - AQR substandard
192

 
7

 
245

 
10

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

 
3

 
85

 
3

     Consumer secured by 1st deeds of trust - AQR substandard
526

 
6

 
518

 
—

     Consumer other - AQR substandard
14

 
—

 
38

 
—

         Total Impaired Loans

$23,146

 

$644

 

$10,235

 

$613
Restructured Loans
The following table presents the breakout between newly restructured loans that occurred during the nine months ended September 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

$66



$1,317



$1,383

Subtotal

$66



$1,317



$1,383

Existing Troubled Debt Restructurings

$3,138



$583



$3,721

Total

$3,204



$1,900



$5,104

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

September 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
4


$—



$—



$423



$900



$1,323

Total
4


$—



$—



$423



$900



$1,323

Post-Modification Outstanding Recorded Investment:
 

 

 

 

 

 
Commercial - AQR substandard
4


$—



$—



$406



$977



$1,383

Total
4


$—



$—



$406



$977



$1,383