Allowance For Loan Losses

12 Months Ended

Dec. 31, 2014

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES

7. ALLOWANCE FOR LOAN LOSSES

An analysis of activity in the allowance for loan losses for the years ended December 31, 2014 and 2013, and the balance of loans receivable by the method of impairment evaluation at December 31, 2014 and 2013 is as follows:

	Commercial & Industrial		Owner Occupied Commercial Real Estate		Commercial Real Estate		Construction & Land Development		Residential Mortgage		Consumer and Other		Total
	(Dollars in thousands)
Allowance for loan losses:
Balance - January 1, 2014	$	10,196	$	874	$	2,216	$	1,103	$	654	$	1,318	$	16,361
Charge-offs		(2,927)		-		-		-		-		(1,297)		(4,224)
Recoveries		118		14		1		-		20		622		775
Provision		758		86		725		1,530		(29)		(377)		2,693
Balance - December 31, 2014	$	8,145	$	974	$	2,942	$	2,633	$	645	$	266	$	15,605
As of December 31, 2014
Allowance for loan losses:
Collectively evaluated for impairment	$	7,772	$	971	$	2,789	$	2,622	$	645	$	171	$	14,970
Individually evaluated for impairment		373		-		-		-		-		95		468
Purchased credit impaired		-		3		153		11		-		-		167
Total allowance for loan losses	$	8,145	$	974	$	2,942	$	2,633	$	645	$	266	$	15,605
Loans receivable:
Collectively evaluated for impairment	$	784,052	$	162,171	$	329,239	$	239,625	$	252,648	$	10,165	$	1,777,900
Individually evaluated for impairment		1,926		173		2,506		969		1,277		250		7,101
Purchased credit impaired		2,432		1,248		7,261		72		3,141		-		14,154
Total loans evaluated for impairment	$	788,410	$	163,592	$	339,006	$	240,666	$	257,066	$	10,415	$	1,799,155

	Commercial & Industrial		Owner Occupied Commercial Real Estate		Commercial Real Estate		Construction & Land Development		Residential Mortgage		Consumer and Other		Total
	(Dollars in thousands)
Allowance for loan losses:
Balance - January 1, 2012	$	9,109	$	763	$	2,380	$	1,352	$	492	$	55	$	14,151
Charge-offs		(916)		-		(333)		-		(186)		(54)		(1,489)
Recoveries		1,044		222		21		-		27		12		1,326
Provision		959		(111)		148		(249)		321		1,305		2,373
Balance - December 31, 2013	$	10,196	$	874	$	2,216	$	1,103	$	654	$	1,318	$	16,361
As of December 31, 2013
Allowance for loan losses:
Collectively evaluated for impairment	$	7,272	$	872	$	2,021	$	1,082	$	566	$	39	$	11,852
Individually evaluated for impairment		2,924		-		45		-		88		1,278		4,335
Purchased credit impaired		-		2		150		21		-		1		174
Total allowance for loan losses	$	10,196	$	874	$	2,216	$	1,103	$	654	$	1,318	$	16,361
Loans receivable:
Collectively evaluated for impairment	$	672,831	$	155,306	$	258,993	$	138,220	$	104,858	$	6,277	$	1,336,485
Individually evaluated for impairment		7,564		-		3,342		1,751		1,328		1,447		15,432
Purchased credit impaired		895		1,655		4,676		96		176		-		7,498
Total loans evaluated for impairment	$	681,290	$	156,961	$	267,011	$	140,067	$	106,362	$	7,724	$	1,359,415