Loans (Tables)

3 Months Ended

Mar. 31, 2015

LOANS

Loan Portfolio Classified by Type and Class

	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

Loan maturities and rate sensitivity

	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

Related party loans

	March 31,		December 31,
	2015		2014
	(Dollars in thousands)
Beginning balance	$	-	$	-
Advances		-		2
Repayments		-		(2)
Ending Balance	$	-	$	-

Acquired loans

	March 31,		December 31,
	2015		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

Accretable Yield For Credit Impaired Acquired Loans

	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

Age analysis of loans

	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

Summary of impaired loans

	March 31,		December 31,
	2015		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

Impaired loans, individually evaluated for impairment

	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 risk profile of loans

	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

	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