XML 84 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
Loans and Allowance for Loan Losses (Tables)
 9 Months Ended
Sep. 30, 2016
Receivables [Abstract]  
Schedule of Activity in the Allowance for Loan Losses
The following tables summarize the primary segments of the ALL, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of September 30, 2016: 
(Dollars in thousands)
 
Commercial
 
Residential
 
Home
Equity
 
Consumer
 
Total
ALL balance June 30, 2016
 
$
6,956

 
$
1,011

 
$
758

 
$
366

 
$
9,091

Charge-offs
 
(768
)
 
—

 
—

 
(250
)
 
(1,018
)
Recoveries
 
1

 
1

 
—

 
—

 
2

Provision
 
967

 
11

 
2

 
95

 
1,075

ALL balance September 30, 2016
 
$
7,156

 
$
1,023

 
$
760

 
$
211

 
$
9,150

(Dollars in thousands)
 
Commercial
 
Residential
 
Home
Equity
 
Consumer
 
Total
ALL balance December 31, 2015
 
$
6,066

 
$
1,095

 
$
715

 
$
130

 
$
8,006

Charge-offs
 
(1,448
)
 
(124
)
 
—

 
(272
)
 
(1,844
)
Recoveries
 
3

 
2

 
7

 
1

 
13

Provision
 
2,535

 
50

 
38

 
352

 
2,975

ALL balance September 30, 2016
 
$
7,156

 
$
1,023

 
$
760

 
$
211

 
$
9,150

Individually evaluated for impairment
 
$
1,288

 
$
38

 
$
—

 
$
20

 
$
1,346

Collectively evaluated for impairment
 
$
5,868

 
$
985

 
$
760

 
$
191

 
$
7,804

The following tables summarize the primary segments of the ALL, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of September 30, 2015:
(Dollars in thousands)
 
Commercial
 
Residential
 
Home
Equity
 
Consumer
 
Total
ALL balance June 30, 2015
 
$
5,201

 
$
1,018

 
$
632

 
$
196

 
$
7,047

Charge-offs
 
(299
)
 
—

 
—

 
(5
)
 
(304
)
Recoveries
 
—

 
—

 
—

 
9

 
9

Provision
 
515

 
101

 
78

 
(58
)
 
636

ALL balance September 30, 2015
 
$
5,417

 
$
1,119

 
$
710

 
$
142

 
$
7,388

(Dollars in thousands)
 
Commercial
 
Residential
 
Home
Equity
 
Consumer
 
Total
ALL balance December 31, 2014
 
$
4,363

 
$
962

 
$
691

 
$
207

 
$
6,223

Charge-offs
 
(708
)
 
(14
)
 
—

 
(5
)
 
(727
)
Recoveries
 
21

 
1

 
1

 
13

 
36

Provision
 
1,741

 
170

 
18

 
(73
)
 
1,856

ALL balance September 30, 2015
 
$
5,417

 
$
1,119

 
$
710

 
$
142

 
$
7,388

Individually evaluated for impairment
 
$
595

 
$
301

 
$
28

 
$
6

 
$
930

Collectively evaluated for impairment
 
$
4,822

 
$
818

 
$
682

 
$
136

 
$
6,458
Summary of the Primary Segments of the Loan Portfolio
The following table summarizes the primary segments of the Company loan portfolio as of September 30, 2015:
(Dollars in thousands)
 
Commercial
 
Residential
 
Equity
 
Consumer
 
Total
Individually evaluated for impairment
 
$
12,036

 
$
849

 
$
28

 
$
6

 
$
12,919

Collectively evaluated for impairment
 
687,623

 
210,997

 
65,617

 
17,677

 
981,914

Total Loans
 
$
699,659

 
$
211,846

 
$
65,645

 
$
17,683

 
$
994,833

The following table summarizes the primary segments of the Company loan portfolio as of September 30, 2016:
(Dollars in thousands)
 
Commercial
 
Residential
 
Home Equity
 
Consumer
 
Total
Individually evaluated for impairment
 
$
10,922

 
$
673

 
$
51

 
$
141

 
$
11,787

Collectively evaluated for impairment
 
739,122

 
242,814

 
67,788

 
14,562

 
1,064,286

Total Loans
 
$
750,044

 
$
243,487

 
$
67,839

 
$
14,703

 
$
1,076,073
Schedule of Impaired Loans by Class
The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of September 30, 2016 and December 31, 2015 (Dollars in thousands):
 
 
Impaired Loans with
Specific Allowance
 
Impaired
Loans with
No Specific
Allowance
 
Total Impaired Loans
September 30, 2016
 
Recorded
Investment
 
Related
Allowance
 
Recorded
Investment
 
Recorded
Investment
 
Unpaid
Principal
Balance
Commercial
 
 
 
 
 
 
 
 
 
 
Commercial Business
 
$
—

 
$
—

 
$
3,756

 
$
3,756

 
$
4,521

Commercial Real Estate
 
3,712

 
1,154

 
384

 
4,096

 
4,719

Acquisition & Development
 
535

 
134

 
2,535

 
3,070

 
4,547

Total Commercial
 
4,247

 
1,288

 
6,675

 
10,922

 
13,787

Residential
 
480

 
38

 
193

 
673

 
678

Home Equity
 
—

 
—

 
51

 
51

 
51

Consumer
 
20

 
20

 
121

 
141

 
388

Total impaired loans
 
$
4,747

 
$
1,346

 
$
7,040

 
$
11,787

 
$
14,904

 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
Commercial Business
 
$
574

 
$
4

 
$
3,260

 
$
3,834

 
$
3,834

Commercial Real Estate
 
7,587

 
513

 
—

 
7,587

 
7,587

Acquisition & Development
 
1,800

 
191

 
956

 
2,756

 
4,131

Total Commercial
 
9,961

 
708

 
4,216

 
14,177

 
15,552

Residential
 
1,045

 
276

 
22

 
1,067

 
1,067

Home Equity
 
28

 
28

 
—

 
28

 
28

Consumer
 
103

 
1

 
—

 
103

 
103

Total impaired loans
 
$
11,137

 
$
1,013

 
$
4,238

 
$
15,375

 
$
16,750
Schedule of the Average Recorded Investment in Impaired Loans and Related Interest Income Recognized
The following tables present the average recorded investment in impaired loans and related interest income recognized for the periods indicated (Dollars in thousands):
 
Nine Months Ended
September 30, 2016
 
Three Months Ended
September 30, 2016
 
Average
Investment
in Impaired
Loans
 
Interest
Income
Recognized
on Accrual
Basis
 
Interest
Income
Recognized on
Cash
Basis
 
Average
Investment
in
Impaired
Loans
 
Interest
Income
Recognized
on Accrual
Basis
 
Interest
Income
Recognized
on Cash
Basis
Commercial
 
 
 
 
 
 
 
 
 
 
 
Commercial Business
$
4,296

 
$
116

 
$
104

 
$
4,730

 
$
39

 
$
40

Commercial Real Estate
5,008

 
84

 
75

 
6,864

 
28

 
25

Acquisition & Development
1,927

 
7

 
9

 
2,958

 
2

 
3

Total Commercial
11,231

 
207

 
188

 
14,552

 
69

 
68

Residential
885

 
15

 
22

 
731

 
5

 
8

Home Equity
30

 
1

 
1

 
35

 
—

 
—

Consumer
284

 
—

 
—

 
286

 
—

 
—

Total
$
12,430

 
$
223

 
$
211

 
$
15,604

 
$
74

 
$
76

 
Nine Months Ended
September 30, 2015
 
Three Months Ended
September 30, 2015
 
Average
Investment
in Impaired
Loans
 
Interest
Income
Recognized
on Accrual
Basis
 
Interest
Income
Recognized on
Cash
Basis
 
Average
Investment
in
Impaired
Loans
 
Interest
Income
Recognized
on Accrual
Basis
 
Interest
Income
Recognized
on Cash
Basis
Commercial
 
 
 
 
 
 
 
 
 
 
 
Commercial Business
$
3,228

 
$
117

 
$
114

 
$
2,945

 
$
39

 
$
39

Commercial Real Estate
6,533

 
44

 
37

 
6,525

 
15

 
12

Acquisition & Development
3,210

 
7

 
7

 
2,957

 
2

 
2

Total Commercial
12,971

 
168

 
158

 
12,427

 
56

 
53

Residential
935

 
15

 
11

 
909

 
5

 
7

Home Equity
28

 
1

 
1

 
28

 
—

 
—

Consumer
1

 
—

 
—

 
1

 
—

 
—

Total
$
13,935

 
$
184

 
$
170

 
$
13,365

 
$
61

 
$
60
Schedule of Loans by Class and Internal Risk Rating
The following table represents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system as of September 30, 2016 and December 31, 2015 (Dollars in thousands):
September 30, 2016
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Total
Commercial
 
 
 
 
 
 
 
 
 
 
Commercial Business
 
$
327,404

 
$
3,170

 
$
7,242

 
$
488

 
$
338,304

Commercial Real Estate
 
290,791

 
5,014

 
4,809

 
1,447

 
302,061

Acquisition & Development
 
103,633

 
2,976

 
1,527

 
1,543

 
109,679

Total Commercial
 
721,828

 
11,160

 
13,578

 
3,478

 
750,044

Residential
 
241,028

 
1,476

 
484

 
499

 
243,487

Home Equity
 
67,105

 
650

 
84

 
—

 
67,839

Consumer
 
14,196

 
299

 
27

 
181

 
14,703

Total Loans
 
$
1,044,157

 
$
13,585

 
$
14,173

 
$
4,158

 
$
1,076,073

December 31, 2015
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Total
Commercial
 
 
 
 
 
 
 
 
 
 
Commercial Business
 
$
288,549

 
$
7,949

 
$
3,411

 
$
574

 
$
300,483

Commercial Real Estate
 
299,560

 
9,761

 
8,436

 
—

 
317,757

Acquisition & Development
 
105,585

 
2,739

 
1,223

 
1,532

 
111,079

Total Commercial
 
693,694

 
20,449

 
13,070

 
2,106

 
729,319

Residential
 
214,184

 
1,764

 
1,168

 
250

 
217,366

Home Equity
 
67,645

 
416

 
63

 
—

 
68,124

Consumer
 
16,679

 
311

 
371

 
—

 
17,361

Total Loans
 
$
992,202

 
$
22,940

 
$
14,672

 
$
2,356

 
$
1,032,170
Schedule of Loans by Class and Aging Categories of Performing Loans and Nonaccrual Loans
The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of September 30, 2016 and December 31, 2015 (Dollars in thousands):
September 30, 2016
 
Current
 
30-59 Days
Past Due
 
60-89 Days
Past Due
 
90 Days +
Past Due
 
Total
Past Due
 
Total Loans
 
Non-
Accrual
 
90+ Days
Still Accruing
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Business
 
$
337,569

 
$
142

 
$
100

 
$
493

 
$
735

 
$
338,304

 
$
493

 
$
—

Commercial Real Estate
 
296,153

 
1,184

 
—

 
4,724

 
5,908

 
302,061

 
2,202

 
3,659

Acquisition & Development
 
106,219

 
655

 
—

 
2,805

 
3,460

 
109,679

 
2,805

 
—

Total Commercial
 
739,941

 
1,981

 
100

 
8,022

 
10,103

 
750,044

 
5,500

 
3,659

Residential
 
243,180

 
43

 
83

 
181

 
307

 
243,487

 
845

 
—

Home Equity
 
67,771

 
45

 
—

 
23

 
68

 
67,839

 
57

 
—

Consumer
 
14,461

 
82

 
19

 
141

 
242

 
14,703

 
141

 
—

Total
 
$
1,065,353

 
$
2,151

 
$
202

 
$
8,367

 
$
10,720

 
$
1,076,073

 
$
6,543

 
$
3,659

December 31, 2015
 
Current
 
30-59 Days
Past Due
 
60-89 Days
Past Due
 
90 Days +
Past Due
 
Total
Past Due
 
Total Loans
 
Non-
Accrual
 
90+ Days
Still Accruing
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Business
 
$
299,515

 
$
300

 
$
—

 
$
668

 
$
968

 
$
300,483

 
$
687

 
$
—

Commercial Real Estate
 
307,029

 
436

 
4,731

 
5,561

 
10,728

 
317,757

 
5,020

 
541

Acquisition & Development
 
107,607

 
678

 
—

 
2,794

 
3,472

 
111,079

 
2,488

 
307

Total Commercial
 
714,151

 
1,414

 
4,731

 
9,023

 
15,168

 
729,319

 
8,195

 
848

Residential
 
214,326

 
1,838

 
576

 
626

 
3,040

 
217,366

 
803

 
—

Home Equity
 
67,908

 
23

 
193

 
—

 
216

 
68,124

 
36

 
—

Consumer
 
16,921

 
48

 
21

 
371

 
440

 
17,361

 
371

 
—

Total
 
$
1,013,306

 
$
3,323

 
$
5,521

 
$
10,020

 
$
18,864

 
$
1,032,170

 
$
9,405

 
$
848