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Loans
 3 Months Ended 12 Months Ended
Mar. 31, 2015
Dec. 31, 2014
LOANS    
LOANS

7. LOANS

        The loan portfolio classified by type and class as of the dates set forth were as follows:

 
   March 31, 2015  
 
   Originated   Acquired   Total  
 
   (Dollars in thousands)
  

Commercial & industrial

   $ 724,871   $ 19,509   $ 744,380  

Real estate:

                    

Owner occupied commercial real estate

     152,034     14,570     166,604  

Commercial real estate

     338,709     28,362     367,071  

Construction, land & land development

     262,406     10,719     273,125  

Residential mortgage

     111,163     138,428     249,591  

Consumer and other

     6,970     3,101     10,071  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held for investment

   $ 1,596,153   $ 214,689   $ 1,810,842  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held-for-sale

   $ 939   $ —   $ 939  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​


 

 
   December 31, 2014  
 
   Originated   Acquired   Total  
 
   (Dollars in thousands)
  

Commercial & industrial

   $ 759,810   $ 28,600   $ 788,410  

Real estate:

                    

Owner occupied commercial real estate

     148,197     15,395     163,592  

Commercial real estate

     308,521     30,485     339,006  

Construction, land & land development

     230,143     10,523     240,666  

Residential mortgage

     107,275     149,791     257,066  

Consumer and other

     6,785     3,630     10,415  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held for investment

   $ 1,560,731   $ 238,424   $ 1,799,155  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held-for-sale

   $ 573   $ —   $ 573  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

        The loan portfolio is comprised of three types, commercial and industrial loans, real estate loans and consumer and other loans. The real estate loans are further segregated into owner occupied commercial real estate, commercial real estate, which includes multi-family loans, construction, land and land development, which includes both commercial construction and loans for the construction of residential properties and residential mortgage, which includes first and second liens and home equity lines. Consumer and other loans includes various types of loans to consumers and overdrafts. Loans are further separated between loans originated by Green and loans acquired.

        Included in the loans held for investment balance was $10.0 million and $10.3 million of net deferred loan origination fees and unamortized premium and discount at March 31, 2015 and December 31, 2014, respectively. Also included in loans at March 31, 2015 and December 31, 2014, respectively was $905 thousand and $1.4 million in non-accretable discount on acquired credit impaired loans. Accrued interest receivable on loans was $5.0 million and $4.5 million at March 31, 2015 and December 31, 2014, respectively. Consumer and other loans include overdrafts of $55 thousand and $51 thousand as of March 31, 2015 and December 31, 2014, respectively.

        The loan portfolio consists of various types of loans made principally to borrowers located in the Houston, Dallas, Austin and Louisville metropolitan areas. Although the portfolio is diversified and generally secured by various types of collateral, a substantial portion of its debtors' ability to honor their obligations is dependent on local economic conditions. The risks created by this geographic concentration and Green's exposure to energy related borrowers have been considered by management in the determination of the adequacy of the allowance for loan losses.

        Reserved-based energy loans outstanding represented approximately 7.6% and 8.7% of total funded loans, respectively, as of March 31, 2015 and December 31, 2014. Energy related service industry loans represented approximately 4.8% and 5.2% of total funded loans, respectively, as of March 31, 2015 and December 31, 2014. None of these loans were impaired as of March 31, 2015. Management believes the allowance for loan losses is appropriate to cover estimated losses on loans at each balance sheet date.

        Loan maturities and rate sensitivity of the loans held for investment, as of the date indicated, was as follows:

 
   March 31, 2015  
 
   Due in
One Year
or Less		   Due After
One Year
Through
Five Years		   Due After
Five Years		   Total  
 
   (Dollars in thousands)
  

Commercial & industrial

   $ 243,532   $ 444,662   $ 56,186   $ 744,380  

Real estate:

                          

Owner occupied commercial real estate

     24,158     61,166     81,280     166,604  

Commercial real estate

     25,263     265,775     76,033     367,071  

Construction, land & land development

     65,566     123,082     84,477     273,125  

Residential mortgage

     4,905     58,945     185,741     249,591  

Consumer and Other

     6,329     2,942     800     10,071  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held for investment

   $ 369,753   $ 956,572   $ 484,517   $ 1,810,842  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Fixed rate

   $ 44,040   $ 223,689   $ 98,549   $ 366,278  

Floating rate

     325,713     732,883     385,968     1,444,564  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held for investment

   $ 369,753   $ 956,572   $ 484,517   $ 1,810,842  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

        In the ordinary course of business, Green has granted loans to certain directors, officers and their affiliates. In the opinion of management, all transactions entered into between Green and such related parties have been and are in the ordinary course of business, made on the same terms and conditions as similar transactions with unaffiliated persons.

        An analysis of activity with respect to these related-party loans for the periods ended March 31, 2015 and December 31, 2014 was as follows:

 
   March 31,
2015		   December 31,
2014		  
 
   (Dollars in thousands)
  

Beginning balance

   $ —   $ —  

Advances

     —     2  

Repayments

     —     (2 )
​ ​ ​ ​ ​ ​ ​ ​

Ending Balance

   $ —   $ —  
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​

        Acquired Loans—The outstanding principal balance and recorded investment in the total acquired loans from all acquisitions, as of the dates set forth, was as follows:

 
   March 31,
2015		   December 31,
2014		  
 
   (Dollars in thousands)
  

Credit impaired acquired loans:

              

Outstanding principal balance

   $ 15,417   $ 16,224  

Recorded investment

     13,409     14,154  
​ ​ ​ ​ ​ ​ ​ ​

Discount, net

   $ 2,008   $ 2,070  
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​

Other acquired loans:

              

Outstanding principal balance

     202,804     226,284  

Deferred fees, net

     (58 )   (3 )

Recorded investment

     201,280     224,270  
​ ​ ​ ​ ​ ​ ​ ​

Discount, net

   $ 1,466   $ 2,011  
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​

Total acquired loans:

              

Outstanding principal balance

     218,221     242,508  

Deferred fees, net

     (58 )   (3 )

Recorded investment

     214,689     238,424  
​ ​ ​ ​ ​ ​ ​ ​

Discount, net

   $ 3,474   $ 4,081  
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​

        Changes in the accretable yield for credit impaired acquired loans for the periods indicated, were as follows:

 
   Three Months
Ended March 31,		  
 
   2015   2014  
 
   (Dollars in
thousands)
  

Balance at beginning of period

   $ 685   $ 603  

Additions

     —     62  

Reclassifications from nonaccretable yield

     480     161  

Accretion

     (63 )   (141 )
​ ​ ​ ​ ​ ​ ​ ​

Balance at period end

   $ 1,102   $ 685  
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​

        Purchased credit impaired loans are evaluated on an ongoing basis after acquisition. Reclassifications from nonaccretable yield to accretable yield are recorded based on the current estimates of the timing and amount of expected future cash flows.

        Nonaccrual and Past Due Loans—When management doubts a borrower's ability to meet payment obligations, which typically occurs when principal or interest payments are more than 90 days past due, the loans are placed on nonaccrual status.

        The age analysis of loans, segregated by class, as of the dates set forth was as follows:

 
   March 31, 2015  
 
   Loans Past Due and Still
Accruing		    
    
    
    
  
 
   30 - 89
Days
Past Due		   90 Days
or More
Past Due		   Total   Nonaccrual   Purchased
Credit
Impaired		   Current   Total Loans  
 
   (Dollars in thousands)
  

Originated Loans

                                            

Commercial & industrial

   $ 2,898   $ —   $ 2,898   $ 3,319   $ —   $ 718,654   $ 724,871  

Real estate:

                                            

Owner occupied commercial real estate

     379     —     379     1,029     —     150,626     152,034  

Commercial real estate

     —     —     —     —     —     338,709     338,709  

Construction, land & land development

     2     —     2     516     —     261,888     262,406  

Residential mortgage

     728     —     728     1,279     —     109,156     111,163  

Consumer and other

     109     —     109     —     —     6,861     6,970  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held for investment

   $ 4,116   $ —   $ 4,116   $ 6,143   $ —   $ 1,585,894   $ 1,596,153  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Acquired Loans

                                            

Commercial & industrial

   $ 649   $ —   $ 649   $ —   $ 2,055   $ 16,805   $ 19,509  

Real estate:

                                            

Owner occupied commercial real estate

     —     —     —     —     1,063     13,507     14,570  

Commercial real estate

     1,139     —     1,139     547     7,145     19,531     28,362  

Construction, land & land development

     468     —     468     —     57     10,194     10,719  

Residential mortgage

     1,201     —     1,201     212     3,089     133,926     138,428  

Consumer and other

     29     7     36     —     —     3,065     3,101  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held for investment

   $ 3,486   $ 7   $ 3,493   $ 759   $ 13,409   $ 197,028   $ 214,689  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​


 

 
   December 31, 2014  
 
   Loans Past Due and Still
Accruing		    
    
    
    
  
 
   30 - 89
Days
Past Due		   90 Days
or More
Past Due		   Total   Nonaccrual   Purchased
Credit
Impaired		   Current   Total Loans  
 
   (Dollars in thousands)
  

Originated Loans

                                            

Commercial & industrial

   $ 7,266   $ —   $ 7,266   $ 1,789   $ —   $ 750,755   $ 759,810  

Real estate:

                                            

Owner occupied commercial real estate

     1,464     —     1,464     173     —     146,560     148,197  

Commercial real estate

     —     —     —     —     —     308,521     308,521  

Construction, land & land development

     677     —     677     940     —     228,526     230,143  

Residential mortgage

     382     16     398     1,277     —     105,600     107,275  

Consumer and other

     217     —     217     95     —     6,473     6,785  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held for investment

   $ 10,006   $ 16   $ 10,022   $ 4,274   $ —   $ 1,546,435   $ 1,560,731  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Acquired Loans

                                            

Commercial & industrial

   $ 137   $ —   $ 137   $ —   $ 2,432   $ 26,031   $ 28,600  

Real estate:

                                            

Owner occupied commercial real estate

     —     —     —     —     1,248     14,147     15,395  

Commercial real estate

     1,141     —     1,141     570     7,261     21,513     30,485  

Construction, land & land development

     2,048     —     2,048     —     72     8,403     10,523  

Residential mortgage

     981     —     981     —     3,141     145,669     149,791  

Consumer and other

     7     —     7     —     —     3,623     3,630  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held for investment

   $ 4,314   $ —   $ 4,314   $ 570   $ 14,154   $ 219,386   $ 238,424  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

        Impaired Loans—The following is a summary of information related to nonaccrual restructured loans and accruing loans past due 90 days or more as of the dates set forth:

 
   March 31,
2015		   December 31,
2014		  
 
   (Dollars in thousands)
  

Nonaccrual loans

   $ 3,789   $ 2,127  

Accruing loans past due 90 days or more

     7     16  

Restructured loans—nonaccrual

     3,113     2,717  

Restructured loans—accruing

     2,390     2,257  
​ ​ ​ ​ ​ ​ ​ ​

Total nonperforming loans

   $ 9,299   $ 7,117  
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​

        Based on an analysis of impaired loans at March 31, 2015 and December 31, 2014, an allowance of $433 thousand and $468 thousand, respectively, was allocated to impaired loans. The average recorded investment in impaired loans for the three months ended March 31, 2015, and for the year ended December 31, 2014, was $9.1 million and $11.7 million, respectively. There was approximately $53 thousand and $55 thousand in interest recognized on impaired loans, for the three months ended March 31, 2015 and 2014, respectively. Interest recognized includes interest accrual on restructured loans that are performed based on their restructured terms and interest calculated on paid nonaccrual loans.

        Impaired loans of $6.9 million and $4.8 million at March 31, 2015 and December 31, 2014 respectively, have been categorized by management as nonaccrual loans. Interest foregone on nonaccrual loans for the three months ended March 31, 2015 and 2014 was approximately $164 thousand and $398 thousand, respectively.

        The following table presents additional information regarding impaired loans that were individually evaluated for impairment as of the dates indicated:

 
   March 31, 2015  
 
   Recorded
Investment		   Unpaid
Principal
Balance		   Related
Allowance		  
 
   (Dollars in thousands)
  

With no related allowance recorded:

                    

Commercial & industrial

   $ 1,433   $ 1,442   $ —  

Owner occupied commercial real estate

     1,029     1,034     —  

Commercial real estate

     547     547     —  

Construction, land & land development

     2,430     2,431     —  

Residential mortgage

     1,263     1,264     —  

Consumer and other

     152     152     —  

With an allowance recorded:

    
 		    
 		    
 		  

Commercial & industrial

   $ 2,210   $ 2,211   $ 261  

Residential mortgage

     228     228     172  

Total:

    
 		    
 		    
 		  

Commercial & industrial

   $ 3,643   $ 3,653   $ 261  

Owner occupied commercial real estate

     1,029     1,034     —  

Commercial real estate

     547     547     —  

Construction, land & land development

     2,430     2,431     —  

Residential mortgage

     1,491     1,492     172  

Consumer and other

     152     152     —  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 9,292   $ 9,309   $ 433  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​


 

 
   December 31, 2014  
 
   Recorded
Investment		   Unpaid
Principal
Balance		   Related
Allowance		  
 
   (Dollars in thousands)
  

With no related allowance recorded:

                    

Commercial & industrial

   $ 1,424   $ 1,424   $ —  

Owner occupied commercial real estate

     173     173     —  

Commercial real estate

     2,506     2,510     —  

Construction, land & land development

     969     969     —  

Residential mortgage

     1,277     1,277     —  

Consumer and other

     155     156     —  

With an allowance recorded:

    
 		    
 		    
 		  

Commercial & industrial

   $ 502   $ 502   $ 373  

Consumer and other

     95     95     95  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total:

                    

Commercial & Industrial

   $ 1,926   $ 1,926   $ 373  

Owner occupied commercial real estate

     173     173     —  

Commercial real estate

     2,506     2,510     —  

Construction, land & land development

     969     969     —  

Residential mortgage

     1,277     1,277     —  

Consumer and other

     250     251     95  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 7,101   $ 7,106   $ 468  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

        Credit Quality—Internally assigned risk grades for loans are defined as follows:

  •         Grade 1 (Highest Quality—No Apparent Risk)—This category includes loans to borrowers of unquestioned credit standing which are secured by readily marketable collateral of undisputed value, with appropriate margin. It also includes loans to borrowing entities with: excellent capitalization, liquidity and earnings levels; quality management; positive financial trends; and favorable industry conditions.

            Grade 2 (Good Quality—Minimal Risk)—This category includes loans to investment grade entities with: good liquidity and financial condition, nominal term debt, strong debt service capability, solid management, and quality financial information. These loans are usually secured with current assets, but may be unsecured. Alternative financing from other lenders is generally available to these borrowers.

            Grade 3 (Satisfactory Quality—Acceptable Risk—Tier One)—This category includes loans to entities maintaining fair liquidity and acceptable financial conditions. The level of term debt is moderate, with adequate debt service capability. Earnings may be volatile, but borrowers in this category generally do not show a loss within the last three years. Primary debt service must be supported by identified secondary repayment sources or by guarantors with adequate and proven responsibility and capacity.

            Grade 4 (Satisfactory Quality—Acceptable Risk—Tier Two)—This category includes loans to borrowers maintaining acceptable financial conditions; however may exhibit certain characteristics of leverage or asset dependency that reflect a greater level of risk than Tier One credits. This category may also include borrowers exhibiting explainable interim losses within the previous three years and/or industry characteristics that warrant frequent monitoring.

            Grade 5 (Monitored Loans)—This category includes loans with trends or characteristics which, if continued, could result in impaired repayment ability. The borrower may exhibit a low degree of liquidity and relatively high leverage, erratic earnings history (including the possibility of a reported loss in the past four years), significant term debt and a nominal cushion for debt service capacity. Loans in this category may also include financing to start-up borrowers backed by experienced management and significant capital investment or established companies in distressed industry conditions.

            Grade 6 (Other Assets Especially Mentioned)—This category includes loans which have potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or a weakening of Green's credit position at some future date. Grade 6 loans are not adversely classified and do not expose Green to sufficient risk to warrant adverse classification.

            Grade 7 (Substandard—Accruing)—This category includes loans which are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any, or loans with identified weaknesses but where there is sufficient collateral value and/or cash flow coverage. This category includes loans that: (1) may require a secondary source of repayment (liquidation of collateral or repayment by a guarantor), (2) lack current financial information or appraisals, and/or (3) have collateral deficiencies such that Green would be in an unsecured position with an obligor not deserving unsecured credit. This category may also include borrowers with operating losses in recent periods.

            Grade 8 (Substandard—Nonaccrual)—This category includes loans with the same basic characteristics as Grade 7 loans and also meet Green's criteria for nonaccrual status, but do not warrant a Grade 9 or Grade 10 classification.

            Grade 9 (Doubtful/Exposure)—This category includes loans with all the Grade 7 or 8 characteristics but with weaknesses that make collection (or liquidation) highly questionable and improbable.

            Grade 10 (Loss)—This category includes loans which are considered uncollectible, or of such little value that they should no longer be carried as an asset of Green.

        The credit risk profile of loans aggregated by class and internally assigned risk grades as of the dates set forth were as follows:

 
   March 31, 2015  
 
   Commercial &
Industrial		   Owner
Occupied
Commercial
Real Estate		   Commercial
Real Estate		   Construction &
Land
Development		   Residential
Mortgage		   Consumer
and Other		   Total  
 
   (Dollars in thousands)
  

Grade 1

   $ 1,868   $ —   $ —   $ —   $ 283   $ 1,209   $ 3,360  

Grade 2

     5,337     —     —     —     —     —     5,337  

Grade 3

     153,619     25,123     35,692     7,203     56,707     2,891     281,235  

Grade 4

     483,546     139,236     302,004     258,075     186,104     5,682     1,374,647  

Grade 5

     51,412     154     8,141     1,153     98     141     61,099  

Grade 6

     40,948     —     4,652     —     518     120     46,238  

Grade 7

     2,276     —     8,890     6,121     1,300     28     18,615  

Grade 8

     3,009     1,028     547     516     1,492     —     6,592  

Grade 9

     310     —     —     —     —     —     310  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

     742,325     165,541     359,926     273,068     246,502     10,071     1,797,433  

Purchased Credit Impaired

    
2,055		    
1,063		    
7,145		    
57		    
3,089		    
—		    
13,409		  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans

   $ 744,380   $ 166,604   $ 367,071   $ 273,125   $ 249,591   $ 10,071   $ 1,810,842  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​


 

 
   December 31, 2014  
 
   Commercial &
Industrial		   Owner
Occupied
Commercial
Real Estate		   Commercial
Real Estate		   Construction &
Land
Development		   Residential
Mortgage		   Consumer
and Other		   Total  
 
   (Dollars in thousands)
  

Grade 1

   $ 2,410     —     —     —     285     997     3,692  

Grade 2

     5,338     —     —     —     —     —     5,338  

Grade 3

     183,109     26,830     33,347     7,605     57,945     2,956     311,792  

Grade 4

     484,214     133,051     283,401     222,209     192,565     6,067     1,321,507  

Grade 5

     62,783     1,016     1,935     3,692     99     150     69,675  

Grade 6

     42,995     —     2,680     —     447     121     46,243  

Grade 7

     3,341     1,273     9,812     6,148     1,307     29     21,910  

Grade 8

     1,788     174     570     940     1,277     95     4,844  

Grade 9

     —     —     —     —     —     —     —  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

     785,978     162,344     331,745     240,594     253,925     10,415     1,785,001  

Purchased Credit Impaired

    
2,432		    
1,248		    
7,261		    
72		    
3,141		    
—		    
14,154		  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans

   $ 788,410   $ 163,592   $ 339,006   $ 240,666   $ 257,066   $ 10,415   $ 1,799,155  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

        Troubled Debt Restructurings—The restructuring of a loan is considered a troubled debt restructuring if both the borrower is experiencing financial difficulties and the creditor has granted a concession. Concessions may include interest rate reductions or below market interest rates, principal forgiveness, restructuring amortization schedules and other actions intended to minimize potential losses.

        Troubled debt restructurings identified during the periods indicated were as follows:

 
   Three Months Ended March 31, 2015  
 
   Number of
Contracts		   Pre-Modification
Outstanding
Recorded
Investment		   Recorded
Investment
as of
March 31,
2015		  
 
   (Dollars in thousands)
  

Commercial & industrial

     1   $ 739   $ 689  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

     1   $ 739   $ 689  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

        The modifications primarily related to extending the maturity date of the loans, which includes loans modified post-bankruptcy. Green did not forgive any principal or interest on the restructured loans. For the three months ended March 31, 2015, Green added $739 thousand in new troubled debt restructurings of which $689 thousand was still outstanding on March 31, 2015. The decrease in outstanding balance was due to payments totaling $50 thousand during the three months ended March 31, 2015. Restructured loans are individually evaluated for impairment. The allowance for loan losses included specific reserves of $37 thousand related to the $689 thousand loan at March 31, 2015.

        There were no loans restructured during the three months ended March 31, 2014.

6. LOANS

        The loan portfolio classified by type and class as of the dates set forth were as follows:

 
   December 31, 2014  
 
   Originated   Acquired   Total  
 
   (Dollars in thousands)
  

Commercial & industrial

   $ 759,810   $ 28,600   $ 788,410  

Real estate:

                    

Owner occupied commercial real estate

     148,197     15,395     163,592  

Commercial real estate

     308,521     30,485     339,006  

Construction, land & land development

     230,143     10,523     240,666  

Residential mortgage

     107,275     149,791     257,066  

Consumer and other

     6,785     3,630     10,415  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held for investment

   $ 1,560,731   $ 238,424   $ 1,799,155  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held-for-sale

   $ 573   $ —   $ 573  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​


 

 
   December 31, 2013  
 
   Originated   Acquired   Total  
 
   (Dollars in thousands)
  

Commercial & industrial

   $ 674,621   $ 6,669   $ 681,290  

Real estate:

                    

Owner occupied commercial real estate

     153,507     3,454     156,961  

Commercial real estate

     254,838     12,173     267,011  

Construction, land & land development

     139,867     200     140,067  

Residential mortgage

     105,888     474     106,362  

Consumer and other

     7,296     428     7,724  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held for investment

   $ 1,336,017   $ 23,398   $ 1,359,415  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held-for-sale

   $ —   $ —   $ —  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

        The loan portfolio is comprised of three types, commercial and industrial loans, real estate loans and consumer and other loans. The real estate loans are further segregated into owner occupied commercial real estate, commercial real estate, which includes multi-family loans, construction, land and land development, which includes both commercial construction and loans for the construction of residential properties and residential mortgage, which includes first and second liens and home equity lines. Consumer and other loans includes various types of loans to consumers and overdrafts. Loans are further separated between loans originated by Green and loans acquired.

        Included in the loans held for investment balance was $10.3 million and $7.1 million of net deferred loan origination fees and unamortized premium and discount at December 31, 2014 and 2013, respectively. Also included in loans at December 31, 2014 and 2013, respectively was $1.4 million and $375 thousand in non-accretable discount on acquired credit impaired loans. Accrued interest receivable on loans was $4.5 million and $3.5 million at December 31, 2014 and 2013, respectively. Consumer and other loans include overdrafts of $51 thousand and $21 thousand as of December 31, 2014 and 2013, respectively.

        The loan portfolio consists of various types of loans made principally to borrowers located in the Houston, Dallas and Austin metropolitan areas. Although the portfolio is diversified and generally secured by various types of collateral, a substantial portion of its debtors' ability to honor their obligations is dependent on local economic conditions. The risks created by this geographic concentration and Green's exposure to energy related borrowers have been considered by management in the determination of the adequacy of the allowance for loan losses.

        Reserved-based energy loans outstanding represented approximately 8.7% and 9.6% of total funded loans, respectively, as of December 31, 2014 and 2013. Energy related service industry loans represented approximately 5.2% and 8.7% of total funded loans, respectively, as of December 31, 2014 and 2013. None of these loans were impaired as of December 31, 2014. Management believes the allowance for loan losses is appropriate to cover estimated losses on loans at each balance sheet date.

        Loan maturities and rate sensitivity of the loans held for investment, as of the date indicated, was as follows:

 
   December 31, 2014  
 
   Due in
One Year
or Less		   Due After
One Year
Through
Five Years		   Due After
Five Years		   Total  
 
   (Dollars in thousands)
  

Commercial & industrial

   $ 254,202   $ 484,088   $ 50,120   $ 788,410  

Real estate:

                          

Owner occupied commercial real estate

     20,309     65,940     77,343     163,592  

Commercial real estate

     27,827     245,244     65,935     339,006  

Construction, land & land development

     42,433     112,086     86,147     240,666  

Residential mortgage

     3,541     62,111     191,414     257,066  

Consumer and other

     6,167     3,274     974     10,415  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held for investment

   $ 354,479   $ 972,743   $ 471,933   $ 1,799,155  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Fixed rate

   $ 41,402   $ 227,371   $ 113,189   $ 381,962  

Floating rate

     313,077     745,372     358,744     1,417,193  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held for investment

   $ 354,479   $ 972,743   $ 471,933   $ 1,799,155  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

        In the ordinary course of business, Green has granted loans to certain directors, officers and their affiliates. In the opinion of management, all transactions entered into between Green and such related parties have been and are in the ordinary course of business, made on the same terms and conditions as similar transactions with unaffiliated persons.

        An analysis of activity with respect to these related-party loans for the periods ended December 31, 2014 and 2013 was as follows:

 
   December 31,  
 
   2014   2013  
 
   (Dollars in
thousands)
  

Beginning balance

   $ —   $ —  

Advances

     2     —  

Repayments

     (2 )   —  
​ ​ ​ ​ ​ ​ ​ ​

Ending Balance

   $ —   $ —  
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​

        Acquired Loans—The outstanding principal balance and recorded investment in loans acquired from Share Plus at December 31, 2014 and October 17, 2014, was as follows:

 
   December 31,
2014		   October 17,
2014		  
 
   (Dollars in thousands)
  

Credit impaired acquired loans:

              

Outstanding principal balance

   $ 8,584   $ 8,782  

Recorded investment

     7,353     7,549  
​ ​ ​ ​ ​ ​ ​ ​

Discount, net

   $ 1,231   $ 1,233  
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​

Other acquired loans:

              

Outstanding principal balance

     221,100     247,394  

Deferred fees, net

     (3 )   —  

Recorded investment

     219,157     245,262  
​ ​ ​ ​ ​ ​ ​ ​

Discount, net

   $ 1,940   $ 2,132  
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​

Total acquired loans:

              

Outstanding principal balance

     229,684     256,176  

Deferred fees, net

     (3 )   —  

Recorded investment

     226,510     252,811  
​ ​ ​ ​ ​ ​ ​ ​

Discount, net

   $ 3,171   $ 3,365  
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​

        The outstanding principal balance and recorded investment in the total acquired loans from all acquisitions at December 31, 2014 and 2013, was as follows:

 
   December 31,  
 
   2014   2013  
 
   (Dollars in thousands)
  

Credit impaired acquired loans:

              

Outstanding principal balance

   $ 16,224   $ 8,477  

Recorded investment

     14,154     7,498  
​ ​ ​ ​ ​ ​ ​ ​

Discount, net

   $ 2,070   $ 979  
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​

Other acquired loans:

              

Outstanding principal balance

     226,284     16,187  

Deferred fees, net

     (3 )   —  

Recorded investment

     224,270     15,900  
​ ​ ​ ​ ​ ​ ​ ​

Discount, net

   $ 2,011   $ 287  
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​

Total acquired loans:

              

Outstanding principal balance

     242,508     24,664  

Deferred fees, net

     (3 )   —  

Recorded investment

     238,424     23,398  
​ ​ ​ ​ ​ ​ ​ ​

Discount, net

   $ 4,081   $ 1,266  
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​

        Changes in the accretable yield for credit impaired acquired loans for the periods indicated, were as follows:

 
   Year Ended
December 31,		  
 
   2014   2013  
 
   (Dollars in
thousands)
  

Balance at beginning of period

   $ 603   $ 510  

Additions

     62     —  

Reclassifications from (to) nonaccretable yield

     161     192  

Accretion

     (141 )   (99 )
​ ​ ​ ​ ​ ​ ​ ​

Balance at period end

   $ 685   $ 603  
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​

        Purchased credit impaired loans are evaluated on an ongoing basis after acquisition. Reclassifications from nonaccretable yield to accretable yield are recorded based on the current estimates of the timing and amount of expected future cash flows.

        Nonaccrual and Past Due Loans—When management doubts a borrower's ability to meet payment obligations, which typically occurs when principal or interest payments are more than 90 days past due, the loans are placed on nonaccrual status.

        The age analysis of loans, segregated by class, as of the dates set forth was as follows:

 
   December 31, 2014  
 
   Loans Past Due and Still
Accruing		    
    
    
    
  
 
   30 - 89 Days
Past Due		   90 Days
or More
Past Due		   Total   Nonaccrual   Purchased
Credit
Impaired		   Current   Total Loans  
 
   (Dollars in thousands)
  

Originated Loans

                                            

Commercial & industrial

   $ 7,266   $ —   $ 7,266   $ 1,789   $ —   $ 750,755   $ 759,810  

Real estate:

                                            

Owner occupied commercial real estate

     1,464     —     1,464     173     —     146,560     148,197  

Commercial real estate

     —     —     —     —     —     308,521     308,521  

Construction, land & land development

     677     —     677     940     —     228,526     230,143  

Residential mortgage

     382     16     398     1,277     —     105,600     107,275  

Consumer and other

     217     —     217     95     —     6,473     6,785  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held for investment

   $ 10,006   $ 16   $ 10,022   $ 4,274   $ —   $ 1,546,435   $ 1,560,731  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Acquired Loans

                                            

Commercial & industrial

   $ 137   $ —   $ 137   $ —   $ 2,432   $ 26,031   $ 28,600  

Real estate:

                                            

Owner occupied commercial real estate

     —     —     —     —     1,248     14,147     15,395  

Commercial real estate

     1,141     —     1,141     570     7,261     21,513     30,485  

Construction, land & land development

     2,048     —     2,048     —     72     8,403     10,523  

Residential mortgage

     981     —     981     —     3,141     145,669     149,791  

Consumer and other

     7     —     7     —     —     3,623     3,630  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held for investment

   $ 4,314   $ —   $ 4,314   $ 570   $ 14,154   $ 219,386   $ 238,424  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​


 

 
   December 31, 2013  
 
   Loans Past Due and Still
Accruing		    
    
    
    
  
 
   30 - 89 Days
Past Due		   90 Days
or More
Past Due		   Total   Nonaccrual   Purchased
Credit
Impaired		   Current   Total Loans  
 
   (Dollars in thousands)
  

Originated Loans

                                            

Commercial & industrial

   $ 4,988   $ —   $ 4,988   $ 7,345   $ —   $ 662,288   $ 674,621  

Real estate:

                                            

Owner occupied commercial real estate

     780     536     1,316     —     —     152,191     153,507  

Commercial real estate

     —     780     780     164     —     253,894     254,838  

Construction, land & land development

     —     —     —     587     —     139,280     139,867  

Residential mortgage

     221     —     221     1,328     —     104,339     105,888  

Consumer and other

     208     —     208     1,284     —     5,804     7,296  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held for investment

   $ 6,197   $ 1,316   $ 7,513   $ 10,708   $ —   $ 1,317,796   $ 1,336,017  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Acquired Loans

                                            

Commercial & industrial

   $ —   $ —   $ —   $ —   $ 895   $ 5,774   $ 6,669  

Real estate:

                                            

Owner occupied commercial real estate

     —     —     —     —     1,655     1,799     3,454  

Commercial real estate

     —     —     —     652     4,676     6,845     12,173  

Construction, land & land development

     —     —     —     —     96     104     200  

Residential mortgage

     —     —     —     —     176     298     474  

Consumer and other

     24     —     24     —     —     404     428  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans held for investment

   $ 24   $ —   $ 24   $ 652   $ 7,498   $ 15,224   $ 23,398  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

        Impaired Loans—The following is a summary of information related to impaired, nonaccrual and restructured loans as of the dates set forth:

 
   December 31,  
 
   2014   2013  
 
   (Dollars in thousands)
  

Nonaccrual loans

   $ 2,127   $ 1,496  

Accruing loans past due 90 days or more

     16     1,316  

Restructured loans—nonaccrual

     2,717     9,864  

Restructured loans—accruing

     2,257     4,072  
​ ​ ​ ​ ​ ​ ​ ​

Total nonperforming loans

   $ 7,117   $ 16,748  
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​

        Based on an analysis of impaired loans at December 31, 2014 and 2013, an allowance of $468 thousand and $4.3 million, respectively, was allocated to impaired loans. The average recorded investment in impaired loans for the years ended December 31, 2014 and 2013, was $11.7 million and $38.0 million, respectively. There was approximately $667 thousand, $373 thousand and $253 thousand in interest recognized on impaired loans, for the years ended December 31, 2014, 2013 and 2012, respectively. Interest recognized includes interest accrued on restructured loans that are performing based on their restructured terms and interest collected on paid nonaccrual loans.

        Impaired loans of $4.8 million and $11.4 million at December 31, 2014 and 2013 respectively, have been categorized by management as nonaccrual loans. Interest foregone on nonaccrual loans for the years ended December 31, 2014, 2013 and 2012 was approximately $401 thousand, $657 thousand and $775 thousand, respectively.

        The following table presents additional information regarding impaired loans that were individually evaluated for impairment as of the dates indicated:

 
   December 31, 2014  
 
   Recorded
Investment		   Unpaid
Principal
Balance		   Related
Allowance		  
 
   (Dollars in thousands)
  

With no related allowance recorded:

                    

Commercial & industrial

   $ 1,424   $ 1,424   $ —  

Owner occupied commercial real estate

     173     173     —  

Commercial real estate

     2,506     2,510     —  

Construction, land & land development

     969     969     —  

Residential mortgage

     1,277     1,277     —  

Consumer and other

     155     156     —  

With an allowance recorded:

    
 		    
 		    
 		  

Commercial & industrial

   $ 502   $ 502   $ 373  

Consumer and other

     95     95     95  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total:

                    

Commercial & Industrial

   $ 1,926   $ 1,926   $ 373  

Real Estate

     4,925     4,929     —  

Consumer and other

     250     251     95  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 7,101   $ 7,106   $ 468  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​


 

 
   December 31, 2013  
 
   Recorded
Investment		   Unpaid
Principal
Balance		   Related
Allowance		  
 
   (Dollars in thousands)
  

With no related allowance recorded:

                    

Commercial & industrial

   $ 631   $ 631   $ —  

Commercial real estate

     2,690     2,692     —  

Construction, land & land development

     1,751     1,751     —  

Residential mortgage

     1,213     1,213     —  

Consumer and other

     170     170     —  

With an allowance recorded:

    
 		    
 		    
 		  

Commercial & industrial

   $ 6,932   $ 6,932   $ 2,924  

Commercial real estate

     653     653     45  

Residential mortgage

     114     114     88  

Consumer and other

     1,278     1,278     1,278  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total:

                    

Commercial & Industrial

   $ 7,563   $ 7,563   $ 2,924  

Real Estate

     6,421     6,423     133  

Consumer and other

     1,448     1,448     1,278  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 15,432   $ 15,434   $ 4,335  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

        Credit Quality—Internally assigned risk grades for loans are defined as follows:

  •         Grade 1 (Highest Quality—No Apparent Risk)— This category includes loans to borrowers of unquestioned credit standing which are secured by readily marketable collateral of undisputed value, with appropriate margin. It also includes loans to borrowing entities with: excellent capitalization, liquidity and earnings levels; quality management; positive financial trends; and favorable industry conditions.

            Grade 2 (Good Quality—Minimal Risk)— This category includes loans to investment grade entities with: good liquidity and financial condition, nominal term debt, strong debt service capability, solid management, and quality financial information. These loans are usually secured with current assets, but may be unsecured. Alternative financing from other lenders is generally available to these borrowers.

            Grade 3 (Satisfactory Quality—Acceptable Risk—Tier One)— This category includes loans to entities maintaining fair liquidity and acceptable financial conditions. The level of term debt is moderate, with adequate debt service capability. Earnings may be volatile, but borrowers in this category generally do not show a loss within the last three years. Primary debt service must be supported by identified secondary repayment sources or by guarantors with adequate and proven responsibility and capacity.

            Grade 4 (Satisfactory Quality—Acceptable Risk—Tier Two)— This category includes loans to borrowers maintaining acceptable financial conditions; however may exhibit certain characteristics of leverage or asset dependency that reflect a greater level of risk than Tier One credits. This category may also include borrowers exhibiting explainable interim losses within the previous three years and/or industry characteristics that warrant frequent monitoring.

            Grade 5 (Monitored Loans)— This category includes loans with trends or characteristics which, if continued, could result in impaired repayment ability. The borrower may exhibit a low degree of liquidity and relatively high leverage, erratic earnings history (including the possibility of a reported loss in the past four years), significant term debt and a nominal cushion for debt service capacity. Loans in this category may also include financing to start-up borrowers backed by experienced management and significant capital investment or established companies in distressed industry conditions.

            Grade 6 (Other Assets Especially Mentioned)— This category includes loans which have potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or a weakening of Green's credit position at some future date. Grade 6 loans are not adversely classified and do not expose Green to sufficient risk to warrant adverse classification.

            Grade 7 (Substandard—Accruing)— This category includes loans which are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any, or loans with identified weaknesses but where there is sufficient collateral value and/or cash flow coverage. This category includes loans that: (1) may require a secondary source of repayment (liquidation of collateral or repayment by a guarantor), (2) lack current financial information or appraisals, and/or (3) have collateral deficiencies such that Green would be in an unsecured position with an obligor not deserving unsecured credit. This category may also include borrowers with operating losses in recent periods.

            Grade 8 (Substandard—Nonaccrual)— This category includes loans with the same basic characteristics as Grade 7 loans and also meet Green's criteria for nonaccrual status, but do not warrant a Grade 9 or Grade 10 classification.

            Grade 9 (Doubtful/Exposure)— This category includes loans with all the Grade 7 or 8 characteristics but with weaknesses that make collection (or liquidation) highly questionable and improbable.

            Grade 10 (Loss)— This category includes loans which are considered uncollectible, or of such little value that they should no longer be carried as an asset of Green.

        The credit risk profile of loans aggregated by class and internally assigned risk grades as of the dates set forth were as follows:

 
   December 31, 2014  
 
   Commercial &
Industrial		   Owner
Occupied
Commercial
Real Estate		   Commercial
Real Estate		   Construction &
Land
Development		   Residential
Mortgage		   Consumer
and Other		   Total  
 
   (Dollars in thousands)
  

Grade 1

   $ 2,410     —     —     —     285     997     3,692  

Grade 2

     5,338     —     —     —     —     —     5,338  

Grade 3

     183,109     26,830     33,347     7,605     57,945     2,956     311,792  

Grade 4

     484,214     133,051     283,401     222,209     192,565     6,067     1,321,507  

Grade 5

     62,783     1,016     1,935     3,692     99     150     69,675  

Grade 6

     42,995     —     2,680     —     447     121     46,243  

Grade 7

     3,341     1,273     9,812     6,148     1,307     29     21,910  

Grade 8

     1,788     174     570     940     1,277     95     4,844  

Grade 9

     —     —     —     —     —     —     —  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

     785,978     162,344     331,745     240,594     253,925     10,415     1,785,001  

Purchased Credit Impaired

     2,432     1,248     7,261     72     3,141     —     14,154  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans

   $ 788,410   $ 163,592   $ 339,006   $ 240,666   $ 257,066   $ 10,415   $ 1,799,155  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​


 

 
   December 31, 2013  
 
   Commercial &
Industrial		   Owner
Occupied
Commercial
Real Estate		   Commercial
Real Estate		   Construction &
Land
Development		   Residential
Mortgage		   Consumer
and Other		   Total  
 
   (Dollars in thousands)
  

Grade 1

   $ 2,657   $ —   $ —   $ —   $ 292   $ 548   $ 3,497  

Grade 2

     7,750     —     —     —     —     50     7,800  

Grade 3

     161,581     26,548     37,750     12,058     71,264     3,785     312,986  

Grade 4

     474,831     118,070     213,946     124,972     32,735     1,653     966,207  

Grade 5

     10,970     10,631     8,752     2,323     149     248     33,073  

Grade 6

     11,790     —     569     —     —     107     12,466  

Grade 7

     3,471     57     502     31     418     49     4,528  

Grade 8

     6,106     —     816     587     1,328     6     8,843  

Grade 9

     1,239     —     —     —     —     1,278     2,517  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

     680,395     155,306     262,335     139,971     106,186     7,724     1,351,917  

Purchased Credit Impaired

     895     1,655     4,676     96     176     —     7,498  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total loans

   $ 681,290   $ 156,961   $ 267,011   $ 140,067   $ 106,362   $ 7,724   $ 1,359,415  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

        Troubled Debt Restructurings—The restructuring of a loan is considered a troubled debt restructuring if both the borrower is experiencing financial difficulties and the creditor has granted a concession. Concessions may include interest rate reductions or below market interest rates, principal forgiveness, restructuring amortization schedules and other actions intended to minimize potential losses.

        Troubled debt restructurings identified during the periods indicated were as follows:

 
   Year Ended December 31,  
 
   2014   2013  
 
   Number
of
Contracts		   Pre-
Modification
Outstanding
Recorded
Investment		   Recorded
Investment		   Number
of
Contracts		   Pre-
Modification
Outstanding
Recorded
Investment		   Recorded
Investment		  
 
   (Dollars in thousands)
  

Commercial & industrial

     4   $ 915   $ 353     8   $ 8,400   $ 5,587  

Commercial real estate

     1     580     570     1     2,562     2,526  

Construction, land & land development

     1     30     29     3     4,783     1,164  

Consumer and other

     1     125     121     2     146     146  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

     7   $ 1,650   $ 1,073     14   $ 15,891   $ 9,423  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

        During the year ended December 31, 2014, Green added $1.7 million in new troubled debt restructurings. The modifications primarily related to extending the maturity date of the loans, which includes loans modified post-bankruptcy. Green did not forgive any principal or interest on the restructured loans. Following the restructure, none were paid in full and $533 thousand defaulted on the modified terms and were charged off during the year. Restructured loans are individually evaluated for impairment. The allowance for loan losses included specific reserves of $21 thousand relates to one loan at December 31, 2014.

        During the year ended December 31, 2013, Green added $15.9 million in new troubled debt restructurings. The modifications primarily related to extending the maturity date of the loans, which includes loans modified post-bankruptcy. Green did not forgive any principal or interest on the restructured loans. Following the restructure, $4.8 million were paid in full and $65 thousand defaulted on the modified terms and were charged off during the year. The restructured loans were individually evaluated for impairment. The allowance for loan losses included specific reserves of $3.7 million related to these loans at December 31, 2013.