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Loans and Credit Quality (Tables)
 6 Months Ended
Jun. 30, 2016
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, 2016
 

 

 

 

 

 

 

 

 
AQR Pass

$314,597



$34,811



$55,541



$135,670



$291,379



$38,793



$25,970



$27,036



$923,797

AQR Special Mention
3,109


—


—


1,256


—


285


152


6


4,808

AQR Substandard
19,648


3,972


1,912


16,338


221


—


909


61


43,061

Subtotal

$337,354



$38,783



$57,453



$153,264



$291,600



$39,078



$27,031



$27,103



$971,666

Less: Unearned origination fees, net of origination costs

 

 

(4,320
)
        Total loans
 

 

 

 

 

 

 

 


$967,346

December 31, 2015
 

 

 

 

 

 

 

 

 
AQR Pass

$313,689



$44,488



$74,931



$112,248



$313,710



$37,938



$26,015



$28,882



$951,901

AQR Special Mention
536


—


—


—


—


91


171


10


808

AQR Substandard
15,309


—


—


16,515


359


—


487


20


32,690

Subtotal

$329,534



$44,488



$74,931



$128,763



$314,069



$38,029



$26,673



$28,912



$985,399

Less: Unearned origination fees, net of origination costs

 

 

(4,612
)
        Total loans
 

 

 

 

 

 

 

 


$980,787
Nonaccrual Loans by Segment
Nonaccrual loans at the periods indicated, by segment, are presented below:
(In  Thousands)
June 30, 2016

December 31, 2015
Commercial

$4,479



$3,013

Real estate construction one-to-four family
3,972


—

Real estate construction other
1,912


—

Real estate term owner occupied
34


38

Real estate term non-owner occupied
221


359

Consumer secured by 1st deeds of trust
552


256

Consumer other
14


20

Total nonaccrual loans

$11,184



$3,686

Government guarantees on nonaccrual loans
(1,600
)

(1,561
)
Net nonaccrual loans

$9,584



$2,125
Past Due Loans and Nonaccrual Loans
Past due loans and nonaccrual loans at the periods indicated are presented below by segment:
(In Thousands)
30-59 Days
Past Due
Still
Accruing

60-89 Days
Past Due
Still
Accruing

Greater Than
90 Days
Still
Accruing

Total Past
Due
 
Nonaccrual

Current

Total
June 30, 2016
 

 

 

 
 
 

 

 
Commercial

$334

 

$137

 

$—

 

$471

 

$4,479

 

$332,404

 

$337,354

Real estate construction one-to-four family
—

 
—

 
—

 
—

 
3,972

 
34,811

 
38,783

Real estate construction other
—

 
—

 
—

 
—

 
1,912

 
55,541

 
57,453

Real estate term owner occupied
550

 
—

 
—

 
550

 
34

 
152,680

 
153,264

Real estate term non-owner occupied
—

 
—

 
—

 
—

 
221

 
291,379

 
291,600

Real estate term other
—

 
—

 
—

 
—

 
—

 
39,078

 
39,078

Consumer secured by 1st deed of trust
143

 
—

 
—

 
143

 
552

 
26,336

 
27,031

Consumer other
—

 
—

 
47

 
47

 
14

 
27,042

 
27,103

Subtotal

$1,027

 

$137

 

$47

 

$1,211

 

$11,184

 

$959,271

 

$971,666

 

 

 
 

 


(4,320
)
     Total
 


 


 


 

 
 


 



$967,346

December 31, 2015
 

 

 

 
 
 

 

 
Commercial

$242

 

$21

 

$—

 

$263

 

$3,013

 

$326,258

 

$329,534

Real estate construction one-to-four family
—

 
—

 
—

 
—

 
—

 
44,488

 
44,488

Real estate construction other
—

 
—

 
—

 
—

 
—

 
74,931

 
74,931

Real estate term owner occupied
—

 
—

 
—

 
—

 
38

 
128,725

 
128,763

Real estate term non-owner occupied
—

 
—

 
—

 
—

 
359

 
313,710

 
314,069

Real estate term other
289

 
—

 
—

 
289

 
—

 
37,740

 
38,029

Consumer secured by 1st deed of trust
568

 
—

 
—

 
568

 
256

 
25,849

 
26,673

Consumer other
30

 
—

 
—

 
30

 
20

 
28,862

 
28,912

Subtotal

$1,129

 

$21

 

$—

 

$1,150

 

$3,686

 

$980,563

 

$985,399

 

 

 
 

 


(4,612
)
     Total
 


 


 


 

 
 


 



$980,787
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, 2016
 

 

 
With no related allowance recorded
 

 

 
Commercial - AQR special mention

$151



$151



$—

Commercial - AQR substandard
19,427


20,107


—

Real estate construction other - AQR substandard
1,912


1,912


—

Real estate term owner occupied- AQR pass
257


257


—

Real estate term owner occupied- AQR substandard
16,259


16,259


—

Real estate term non-owner occupied- AQR pass
457


457


—

Real estate term non-owner occupied- AQR substandard
216


216


—

Real estate term other - AQR pass
662


662


—

Real estate term other - AQR special mention
77


77


—

Consumer secured by 1st deeds of trust - AQR pass
74


74


—

Consumer secured by 1st deeds of trust - AQR substandard
509


509


—

          Subtotal

$40,001



$40,681



$—

With an allowance recorded
 

 

 
Real estate construction one-to-four family - AQR substandard

$3,972



$3,972



$204

Consumer secured by 1st deeds of trust - AQR substandard
400


400


23

  Subtotal

$4,372



$4,372



$227

Total
 
 
 
 
 
Commercial - AQR special mention

$151



$151



$—

Commercial - AQR substandard
19,427


20,107


—

Real estate construction one-to-four family - AQR substandard
3,972


3,972


204

Real estate construction other - AQR substandard
1,912


1,912


—

Real estate term owner-occupied - AQR pass
257


257


—

Real estate term owner-occupied - AQR substandard
16,259


16,259


—

Real estate term non-owner occupied - AQR pass
457


457


—

Real estate term non-owner occupied - AQR substandard
216


216


—

Real estate term other - AQR pass
662


662


—

Real estate term other - AQR special mention
77


77


—

Consumer secured by 1st deeds of trust - AQR pass
74


74


—

Consumer secured by 1st deeds of trust - AQR substandard
909


909


23

  Total

$44,373



$45,053



$227

(In Thousands)
Recorded Investment
 
Unpaid Principal Balance
 
Related Allowance
December 31, 2015
 

 

 
With no related allowance recorded
 

 

 
Commercial - AQR special mention

$157



$157



$—

Commercial - AQR substandard
14,030


14,443


—

Real estate term owner occupied - AQR pass
753


753


—

Real estate term owner occupied - AQR substandard
16,476


16,476


—

Real estate term non-owner occupied - AQR pass
473

 
473

 
—

Real estate term non-owner occupied - AQR substandard
352


352


—

Real estate term other - AQR pass
699


699


—

Real estate term other - AQR special mention
91


91




Consumer secured by 1st deeds of trust - AQR pass
76


76


—

Consumer secured by 1st deeds of trust - AQR substandard
472


472


—

  Subtotal

$33,579



$33,992



$—

With an allowance recorded
 

 

 
Commercial - AQR substandard

$1,061



$1,061



$344

         Subtotal

$1,061



$1,061



$344

Total
 
 
 
 
 
Commercial - AQR special mention

$157



$157



$—

Commercial - AQR substandard
15,091


15,504


344

Real estate term owner occupied - AQR pass
753


753


—

Real estate term owner occupied - AQR substandard
16,476


16,476


—

Real estate term non-owner occupied - AQR pass
473

 
473

 
—

Real estate term non-owner occupied - AQR substandard
352


352


—

Real estate term other - AQR pass
699


699


—

Real estate term other - AQR special mention
91


91


—

Consumer secured by 1st deeds of trust - AQR pass
76


76


—

Consumer secured by 1st deeds of trust - AQR substandard
472


472


—

  Total

$34,640



$35,053



$344



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, 2016 and 2015, respectively:
Three Months Ended June 30,
2016

2015
(In Thousands)
Average Recorded Investment
Interest Income Recognized
Average Recorded Investment
Interest Income Recognized
With no related allowance recorded







     Commercial - AQR special mention

$152



$3



$164



$3

     Commercial - AQR substandard
19,699


176


12,315


41

     Real estate construction other - AQR pass
—


—


743


30

     Real estate construction other - AQR substandard
1,912


—


—


—

     Real estate term owner occupied- AQR pass
258


5


766


17

     Real estate term owner occupied- AQR substandard
16,283


232


5,269


19

     Real estate term non-owner occupied- AQR pass
462


18


541


19

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


—


2,079


44

     Real estate term non-owner occupied- AQR substandard
222


—


1,652


—

     Real estate term other - AQR pass
674


12


—


—

     Real estate term other - AQR special mention
83


2


—


—

     Real estate term other - AQR substandard
—


—


149


3

     Consumer secured by 1st deeds of trust - AQR pass
75


1


80


1

     Consumer secured by 1st deeds of trust - AQR substandard
486


5


444


4

         Subtotal

$40,306



$454



$24,202



$181

With an allowance recorded







     Commercial - AQR substandard

$—



$—



$2,414



$—

     Real estate construction one-to-four family - AQR substandard
3,972


—


—


—

     Consumer secured by 1st deeds of trust - AQR substandard
292


—


—


—

         Subtotal

$4,264



$—



$2,414



$—

Total





 

     Commercial - AQR special mention

$152



$3



$164

 

$3

     Commercial - AQR substandard
19,699


176


14,729

 
41

     Real estate construction one-to-four family - AQR substandard
3,972


—


—

 
—

     Real estate construction other - AQR pass
—


—


743

 
30

     Real estate construction other - AQR substandard
1,912


—


—

 
—

     Real estate term owner-occupied - AQR pass
258


5


766

 
17

     Real estate term owner-occupied - AQR substandard
16,283


232


5,269

 
19

     Real estate term non-owner occupied - AQR pass
462


18


541

 
19

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


—


2,079

 
44

     Real estate term non-owner occupied - AQR substandard
222


—


1,652

 
—

     Real estate term other - AQR pass
674


12


—

 
—

     Real estate term other - AQR special mention
83


2


—

 
—

     Real estate term other - AQR substandard
—


—


149

 
3

     Consumer secured by 1st deeds of trust - AQR pass
75


1


80

 
1

     Consumer secured by 1st deeds of trust - AQR substandard
778


5


444

 
4

         Total Impaired Loans

$44,570



$454



$26,616

 

$181


Six Months Ended June 30,
2016
 
2015
(In Thousands)
Average Recorded Investment
Interest Income Recognized
Average Recorded Investment
Interest Income Recognized
With no related allowance recorded
 
 
 
 
 
 
 
     Commercial - AQR special mention

$154

 

$6

 

$166

 

$7

     Commercial - AQR substandard
18,143

 
374

 
7,703

 
70

     Real estate construction one-to-four family - AQR substandard
1,986

 
—

 
—

 
—

     Real estate construction other - AQR pass
—

 
—

 
753

 
59

     Real estate construction other - AQR substandard
1,912

 
—

 
—

 
—

     Real estate term owner occupied- AQR pass
504

 
19

 
634

 
28

     Real estate term owner occupied- AQR special mention
—

 
—

 
135

 
5

     Real estate term owner occupied- AQR substandard
16,342

 
467

 
2,967

 
28

     Real estate term non-owner occupied- AQR pass
466

 
37

 
544

 
38

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

 
—

 
2,127

 
88

     Real estate term non-owner occupied- AQR substandard
230

 
—

 
2,009

 
—

     Real estate term other - AQR pass
608

 
24

 
—

 
—

     Real estate term other - AQR special mention
87

 
4

 
—

 
—

     Real estate term other - AQR substandard
—

 
—

 
149

 
7

     Consumer secured by 1st deeds of trust - AQR pass
75

 
2

 
81

 
2

     Consumer secured by 1st deeds of trust - AQR substandard
476

 
8

 
560

 
4

Subtotal

$40,983

 

$941

 

$17,828

 

$336

With an allowance recorded
 
 
 
 
 
 
 
     Commercial - AQR substandard

$297

 

$—

 

$2,330

 

$—

     Real estate construction one-to-four family - AQR substandard
1,986

 
—

 
—

 
—

     Real estate term other - AQR substandard
—

 
—

 
141

 
—

     Consumer secured by 1st deeds of trust - AQR substandard
146

 
—

 
—

 
—

Subtotal

$2,429

 

$—

 

$2,471

 

$—

Total
 
 
 
 
 
 
 
     Commercial - AQR special mention

$154

 

$6

 

$166

 

$7

     Commercial - AQR substandard
18,440

 
374

 
10,033

 
70

     Real estate construction one-to-four family - AQR substandard
3,972

 
—

 
—

 
—

     Real estate construction other - AQR pass
—

 
—

 
753

 
59

     Real estate construction other - AQR substandard
1,912

 
—

 
—

 
—

     Real estate term owner-occupied - AQR pass
504

 
19

 
634

 
28

     Real estate term owner-occupied - AQR special mention
—

 
—

 
135

 
5

     Real estate term owner-occupied - AQR substandard
16,342

 
467

 
2,967

 
28

     Real estate term non-owner occupied - AQR pass
466

 
37

 
544

 
38

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

 
—

 
2,127

 
88

     Real estate term non-owner occupied - AQR substandard
230

 
—

 
2,009

 
—

     Real estate term other - AQR pass
608

 
24

 
—

 
—

     Real estate term other - AQR special mention
87

 
4

 
—

 
—

     Real estate term other - AQR substandard
—

 
—

 
290

 
7

     Consumer secured by 1st deeds of trust - AQR pass
75

 
2

 
81

 
2

     Consumer secured by 1st deeds of trust - AQR substandard
622

 
8

 
560

 
4

Total Impaired Loans

$43,412

 

$941

 

$20,299

 

$336