8. ALLOWANCE FOR LOAN LOSSES

An analysis of activity in the allowance for loan losses for the periods indicated, and the balance of loans receivable by the method of impairment evaluation for those periods were 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:
For the Three Months
Balance - January 1, 2015	$	8,145	$	974	$	2,942	$	2,633	$	645	$	266	$	15,605
Charge-offs		(77)		-		-		-		-		(105)		(182)
Recoveries		597		-		1		-		12		4		614
Provision		(25)		334		923		(164)		398		39		1,505
Balance - March 31, 2015	$	8,640	$	1,308	$	3,866	$	2,469	$	1,055	$	204	$	17,542

As of March 31, 2015
Allowance for loan losses:
Collectively evaluated for impairment	$	7,625	$	1,305	$	3,712	$	2,458	$	883	$	204	$	16,187
Individually evaluated for impairment		261		-		-		-		172		-		433
Purchased credit impaired		754		3		154		11		-		-		922
Total allowance for loan losses	$	8,640	$	1,308	$	3,866	$	2,469	$	1,055	$	204	$	17,542

Loans receivable:
Collectively evaluated for impairment	$	738,682	$	164,512	$	359,379	$	270,638	$	245,011	$	9,919	$	1,788,141
Individually evaluated for impairment		3,643		1,029		547		2,430		1,491		152		9,292
Purchased credit impaired		2,055		1,063		7,145		57		3,089		-		13,409
Total loans evaluated for impairment	$	744,380	$	166,604	$	367,071	$	273,125	$	249,591	$	10,071	$	1,810,842


	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:
For the Year
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:
For the Three Months
Balance - January 1, 2014	$	10,196	$	874	$	2,216	$	1,103	$	654	$	1,318	$	16,361
Charge-offs		(1,239)		-		-		-		-		(1,281)		(2,520)
Recoveries		50		-		1		-		3		1		55
Provision		471		(82)		499		(24)		66		293		1,223
Balance - March 31, 2014	$	9,478	$	792	$	2,716	$	1,079	$	723	$	331	$	15,119

As of March 31, 2014
Allowance for loan losses:
Collectively evaluated for impairment	$	7,752	$	789	$	2,537	$	1,060	$	589	$	330	$	13,057
Individually evaluated for impairment		1,726		-		29		-		134		-		1,889
Purchased credit impaired		-		3		150		19		-		1		173
Total allowance for loan losses	$	9,478	$	792	$	2,716	$	1,079	$	723	$	331	$	15,119

Loans receivable:
Collectively evaluated for impairment	$	668,579	$	150,906	$	302,715	$	150,501	$	105,919	$	5,792	$	1,384,412
Individually evaluated for impairment		6,396		-		3,132		1,738		1,317		42		12,625
Purchased credit impaired		837		1,609		4,532		88		172		-		7,238
Total loans evaluated for impairment	$	675,812	$	152,515	$	310,379	$	152,327	$	107,408	$	5,834	$	1,404,275