Loans (Tables)

9 Months Ended

Sep. 30, 2014

Loans [Abstract]

Loan Portfolio Classified by Type and Class

	September 30, 2014
	Originated		Acquired		Total
	(Dollars in thousands)
Commercial:
Commercial & industrial	$	723,794	$	1,789	$	725,583
Owner occupied commercial real estate		131,171		1,769		132,940
Commercial real estate		300,659		8,041		308,700
Construction, land & land development		230,103		156		230,259
		1,385,727		11,755		1,397,482
Consumer:
Residential mortgage		100,446		372		100,818
Other consumer		6,459		239		6,698
		106,905		611		107,516
Total loans held for investment	$	1,492,632	$	12,366	$	1,504,998

	December 31, 2013
		Originated		Acquired		Total
		(Dollars in thousands)
Commercial:
Commercial & industrial	$	674,621	$	6,669	$	681,290
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
		1,222,833		22,496		1,245,329
Consumer:
Residential mortgage		105,888		474		106,362
Other consumer		7,296		428		7,724
		113,184		902		114,086
Total loans held for investment	$	1,336,017	$	23,398	$	1,359,415

Loan maturities and rate sensitivity

	September 30, 2014
	Due in One Year or Less		Due After One Year Through Five Years		Due After Five Years		Total
	(Dollars in thousands)
Commercial:
Commercial & industrial	$	203,115	$	482,729	$	39,739	$	725,583
Owner occupied commercial real estate		7,526		62,613		62,801		132,940
Commercial real estate		22,478		221,601		64,621		308,700
Construction, land & land development		29,887		117,791		82,581		230,259
		263,006		884,734		249,742		1,397,482
Consumer:
Residential mortgage		2,253		60,932		37,633		100,818
Other consumer		5,790		871		37		6,698
		8,043		61,803		37,670		107,516
Total loans held for investment	$	271,049	$	946,537	$	287,412	$	1,504,998
Fixed rate	$	28,161	$	208,947	$	57,612	$	294,720
Floating rate		242,888		737,590		229,800		1,210,278
Total loans held for investment	$	271,049	$	946,537	$	287,412	$	1,504,998

Related party loans

	September 30,		December 31,
	2014		2013
	(Dollars in thousands)
Beginning balance	$	-	$	-
Advances		2		-
Repayments		-		-
Ending Balance	$	2	$	-

Acquired loans

	September 30,		December 31,
	2014		2013
	(Dollars in thousands)
Credit impaired acquired loans:
Outstanding principal balance	$	7,821	$	8,477
Recorded investment		6,952		7,498
Discount, net	$	869	$	979
Other acquired loans:
Outstanding principal balance		5,489		16,187
Recorded investment		5,414		15,900
Discount, net	$	75	$	287
Total acquired loans:
Outstanding principal balance		13,310		24,664
Recorded investment		12,366		23,398
Discount, net	$	944	$	1,266

Accretable Yield For Credit Impaired Acquired Loans

	Nine Months Ended  September 30,
	2014		2013
	(Dollars in thousands)
Balance at beginning of period	$	603	$	510
Reclassifications from (to) nonaccretable yield		91		(3)
Accretion		(110)		(81)
Balance at period end	$	584	$	426

Age analysis of loans

	September 30, 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:
Commercial & industrial	$	2,687	$	47	$	2,734	$	1,948	$	-	$	719,112	$	723,794
Owner occupied commercial real estate		-		-		-		178		-		130,993		131,171
Commercial real estate		853		-		853		-		-		299,806		300,659
Construction, land & land development		536		-		536		546		-		229,021		230,103
		4,076		47		4,123		2,672		-		1,378,932		1,385,727
Consumer:
Residential mortgage		499		-		499		1,296		-		98,651		100,446
Other consumer		36		5		41		102		-		6,316		6,459
		535		5		540		1,398		-		104,967		106,905
Total loans held for investment	$	4,611	$	52	$	4,663	$	4,070	$	-	$	1,483,899	$	1,492,632
Acquired Loans
Commercial:
Commercial & industrial	$	150	$	-	$	150	$	-	$	718	$	921	$	1,789
Owner occupied commercial real estate		-		-		-		-		1,278		491		1,769
Commercial real estate		-		-		-		587		4,714		2,740		8,041
Construction, land & land development		-		-		-		-		78		78		156
		150		-		150		587		6,788		4,230		11,755
Consumer:
Residential mortgage		-		-		-		-		164		208		372
Other consumer		1		-		1		-		-		238		239
		1		-		1		-		164		446		611
Total loans held for investment	$	151	$	-	$	151	$	587	$	6,952	$	4,676	$	12,366

	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:
Commercial & industrial	$	4,988	$	-	$	4,988	$	7,345	$	-	$	662,288	$	674,621
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
		5,768		1,316		7,084		8,096		-		1,207,653		1,222,833
Consumer:
Residential mortgage		221		-		221		1,328		-		104,339		105,888
Other consumer		208		-		208		1,284		-		5,804		7,296
		429		-		429		2,612		-		110,143		113,184
Total loans held for investment	$	6,197	$	1,316	$	7,513	$	10,708	$	-	$	1,317,796	$	1,336,017
Acquired Loans
Commercial:
Commercial & industrial	$	-	$	-	$	-	$	-	$	895	$	5,774	$	6,669
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
		-		-		-		652		7,322		14,522		22,496
Consumer:
Residential mortgage		-		-		-		-		176		298		474
Other consumer		24		-		24		-		-		404		428
		24		-		24		-		176		702		902
Total loans held for investment	$	24	$	-	$	24	$	652	$	7,498	$	15,224	$	23,398

Summary of impaired loans

	September 30,		December 31,
	2014		2013
	(Dollars in thousands)
Nonaccrual loans	$	2,709	$	1,496
Accruing loans past due 90 days or more		52		1,316
Restructured loans - nonaccrual		1,948		9,864
Restructured loans - accruing		3,973		4,072
Total nonperforming loans	$	8,682	$	16,748

Impaired loans, individually evaluated for impairment

	September 30, 2014
	Recorded Investment		Unpaid Principal Balance		Related Allowance
	(Dollars in thousands)
With no related allowance recorded:
Commercial & industrial	$	783	$	783	$	-
Owner occupied commercial real estate		177		177		-
Commercial real estate		3,047		3,047		-
Construction, land & land development		1,740		1,740		-
Residential mortgage		1,296		1,296		-
Other Consumer		159		159		-
With an allowance recorded:
Commercial & industrial	$	1,326	$	1,326	$	1,035
Other Consumer		102		102		102
Total:
Commercial	$	7,073	$	7,073	$	1,035
Consumer		1,557		1,557		102
	$	8,630	$	8,630	$	1,137

	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		-
Other Consumer		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
Other Consumer		1,278		1,278		1,278
Total:
Commercial	$	12,657	$	12,659	$	2,969
Consumer		2,775		2,775		1,366
	$	15,432	$	15,434	$	4,335

Credit risk profile of loans

	September 30, 2014
	Commercial & Industrial		Owner Occupied Commercial Real Estate		Commercial Real Estate		Construction & Land Development		Residential Mortgage		Other Consumer		Total
	(Dollars in thousands)
Grade 1	$	2,972	$	-	$	-	$	-	$	287	$	511	$	3,770
Grade 2		4,838		-		-		-		-		-		4,838
Grade 3		170,254		23,164		33,815		10,745		60,064		3,256		301,298
Grade 4		468,161		105,450		247,950		207,385		37,692		2,512		1,069,150
Grade 5		64,068		1,593		2,460		4,948		-		159		73,228
Grade 6		8,826		-		17,118		6,528		-		123		32,595
Grade 7		3,798		1,277		2,056		29		1,315		35		8,510
Grade 8		1,846		178		587		546		1,296		102		4,555
Grade 9		102		-		-		-		-		-		102
		724,865		131,662		303,986		230,181		100,654		6,698		1,498,046
Purchased Credit Impaired		718		1,278		4,714		78		164		-		6,952
Total loans	$	725,583	$	132,940	$	308,700	$	230,259	$	100,818	$	6,698	$	1,504,998

	December 31, 2013
	Commercial & Industrial		Owner Occupied Commercial Real Estate		Commercial Real Estate		Construction & Land Development		Residential Mortgage		Other Consumer		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

	Nine Months Ended
	September 30, 2014					September 30, 2013
	Number of Contracts	Pre-Modification Outstanding Recorded Investment		Recorded Investment as of September 30, 2014		Number of Contracts	Pre-Modification Outstanding Recorded Investment		Recorded Investment as of September 30, 2013
	(Dollars in thousands)
Commercial & industrial	3	$	545	$	-	5	$	2,737	$	2,781
Commercial real estate	-		-		-	1		2,562		2,536
Construction, land & land development	1		30		29	2		4,671		3,321
Other consumer	1		125		123	1		122		122
Total	5	$	700	$	152	9	$	10,092	$	8,760