XML 41 R30.htm IDEA: XBRL DOCUMENT v3.2.0.727
Loans (Tables)
 6 Months Ended
Jun. 30, 2015
LOANS  
Loan Portfolio Classified by Type and Class

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2015

 

    

Originated

    

Acquired

    

Total

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
777,094

 

$
18,389

 

$
795,483

Real estate:

 

 

 

 

 

 

 

 

 

Owner occupied commercial real estate

 

 
161,712

 

 
14,741

 

 
176,453

Commercial real estate

 

 
360,910

 

 
22,953

 

 
383,863

Construction, land & land development

 

 
284,239

 

 
6,230

 

 
290,469

Residential mortgage

 

 
108,098

 

 
125,928

 

 
234,026

Consumer and other

 

 
11,874

 

 
2,574

 

 
14,448

Total loans held for investment

 

$
1,703,927

 

$
190,815

 

$
1,894,742

 

 

 

 

 

 

 

 

 

 

Total loans held for sale

 

$
1,287

 

$

 -

 

$
1,287

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2015

 

 

Due in
One Year
or Less

 

Due After
One Year
Through
Five Years

 

Due After
Five Years

 

Total

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & industrial

    

$
284,537

 

$
472,312

 

$
38,634

    

$
795,483

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 Owner occupied commercial real estate

 

 
12,295

 

 
73,917

 

 
90,241

 

 
176,453

 Commercial real estate

 

 
34,582

 

 
247,132

 

 
102,149

 

 
383,863

 Construction, land & land development

 

 
49,991

 

 
154,551

 

 
85,927

 

 
290,469

 Residential mortgage

 

 
4,672

 

 
51,990

 

 
177,364

 

 
234,026

Consumer and Other

 

 
6,244

 

 
7,549

 

 
655

 

 
14,448

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans held for investment

 

$
392,321

 

$
1,007,451

 

$
494,970

 

$
1,894,742

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed rate

 

$
35,245

 

$
209,281

 

$
96,973

 

$
341,499

Floating rate

 

 
357,076

 

 
798,170

 

 
397,997

 

 
1,553,243

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans held for investment

 

$
392,321

 

$
1,007,451

 

$
494,970

 

$
1,894,742

 

Related party loans

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

    

2015

    

2014

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Beginning balance

 

$

 -

 

$

 -

Advances

 

 

 -

 

 
2

Repayments

 

 

 -

 

 
(2)

Ending Balance

 

$

 -

 

$

 -

 

Acquired loans

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

    

2015

    

2014

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Credit impaired acquired loans:

 

 

 

 

 

 

Outstanding principal balance

 

$
11,579

 

$
16,224

Recorded investment

 

 
9,920

 

 
14,154

Discount, net

 

$
1,659

 

$
2,070

 

 

 

 

 

 

 

Other acquired loans:

 

 

 

 

 

 

Outstanding principal balance

 

 
182,049

 

 
226,284

Deferred fees, net

 

 
(42)

 

 
(3)

Recorded investment

 

 
180,895

 

 
224,270

Discount, net

 

$
1,112

 

$
2,011

 

 

 

 

 

 

 

Total acquired loans:

 

 

 

 

 

 

Outstanding principal balance

 

 
193,628

 

 
242,508

Deferred fees, net

 

 
(42)

 

 
(3)

Recorded investment

 

 
190,815

 

 
238,424

Discount, net

 

$
2,771

 

$
4,081

 

Accretable Yield For Credit Impaired Acquired Loans

 

 

 

 

 

 

 

 

 

 

Six Months Ended  June 30,

 

    

2015

    

2014

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Balance at beginning of period

 

$
685

 

$
603

Additions

 

 

 -

 

 

 -

Reclassifications from nonaccretable yield

 

 
538

 

 
48

Accretion

 

 
(165)

 

 
(84)

Balance at period end

 

$
1,058

 

$
567

 

Age analysis of loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 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

 

$
877

 

$

 -

 

$
877

 

$
2,655

 

$

 -

 

$
773,562

 

$
777,094

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied commercial real estate

 

 

 -

 

 

 -

 

 

 -

 

 
1,429

 

 

 -

 

 
160,283

 

 
161,712

Commercial real estate

 

 
1,181

 

 

 -

 

 
1,181

 

 

 -

 

 

 -

 

 
359,729

 

 
360,910

Construction, land & land development

 

 
315

 

 

 -

 

 
315

 

 
503

 

 

 -

 

 
283,421

 

 
284,239

Residential mortgage

 

 

 -

 

 

 -

 

 

 -

 

 
15

 

 

 -

 

 
108,083

 

 
108,098

Consumer and other

 

 
229

 

 

 -

 

 
229

 

 

 -

 

 

 -

 

 
11,645

 

 
11,874

 

 

$
2,602

 

$

 -

 

$
2,602

 

$
4,602

 

$

 -

 

$
1,696,723

 

$
1,703,927

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquired Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
110

 

$

 -

 

$
110

 

$
449

 

$
1,302

 

$
16,528

 

$
18,389

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied commercial real estate

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
1,046

 

 
13,695

 

 
14,741

Commercial real estate

 

 
1,134

 

 

 -

 

 
1,134

 

 
532

 

 
4,523

 

 
16,764

 

 
22,953

Construction, land & land development

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
51

 

 
6,179

 

 
6,230

Residential mortgage

 

 
12

 

 

 -

 

 
12

 

 
529

 

 
2,998

 

 
122,389

 

 
125,928

Consumer and other

 

 
9

 

 

 -

 

 
9

 

 
2

 

 

 -

 

 
2,563

 

 
2,574

 

 

$
1,265

 

$

 -

 

$
1,265

 

$
1,512

 

$
9,920

 

$
178,118

 

$
190,815

Total loans held for investment

 

$
3,867

 

$

 -

 

$
3,867

 

$
6,114

 

$
9,920

 

$
1,874,841

 

$
1,894,742

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

$
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

 

 

$
4,314

 

$

 -

 

$
4,314

 

$
570

 

$
14,154

 

$
219,386

 

$
238,424

Total loans held for investment

 

$
14,320

 

$
16

 

$
14,336

 

$
4,844

 

$
14,154

 

$
1,765,821

 

$
1,799,155

 

Summary of impaired loans

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

    

2015

    

2014

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Nonaccrual loans

 

$
4,402

 

$
2,127

Accruing loans past due 90 days or more

 

 

 -

 

 
16

Restructured loans - nonaccrual

 

 
1,712

 

 
2,717

Restructured loans - accruing

 

 
681

 

 
2,257

Total nonperforming loans

 

$
6,795

 

$
7,117

 

Schedule of financing receivables average recorded investment and interest income recognized

The following tables present, for the periods indicated, the average recorded investment in impaired loans and the approximate amount of interest recognized on impaired loans.  Interest recognized includes interest accrued on restructured loans that have performed based on their restructured terms and interest collected on paid nonaccrual loans.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

June 30, 2015

 

June 30, 2014

 

 

Average Recorded Investment

 

Interest Income Recognized

 

Average Recorded Investment

 

Interest Income Recognized

 

 

(Dollars in thousands)

 

    

 

 

    

 

 

  

 

 

    

 

 

Commercial & industrial

 

$
3,739

 

$
18

 

$
6,279

 

$
3

Owner occupied commercial real estate

 

 
1,426

 

 

 -

 

 
57

 

 
25

Commercial real estate

 

 
534

 

 

 -

 

 
3,103

 

 
63

Construction, land & land development

 

 
507

 

 

 -

 

 
1,759

 

 
16

Residential mortgage

 

 
1,173

 

 
240

 

 
1,315

 

 

 -

Consumer and other

 

 
152

 

 
2

 

 
193

 

 
5

Total

 

$
7,531

 

$
260

 

$
12,706

 

$
112

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

June 30, 2015

 

June 30, 2014

 

 

Average Recorded Investment

 

Interest Income Recognized

 

Average Recorded Investment

 

Interest Income Recognized

 

 

(Dollars in thousands)

 

    

 

 

    

 

 

  

 

 

    

 

 

Commercial & industrial

 

$
3,480

 

$
20

 

$
6,762

 

$
6

Owner occupied commercial real estate

 

 
1,230

 

 

 -

 

 
28

 

 
25

Commercial real estate

 

 
1,510

 

 
16

 

 
3,126

 

 
97

Construction, land & land development

 

 
651

 

 
15

 

 
1,751

 

 
32

Residential mortgage

 

 
1,277

 

 
240

 

 
1,317

 

 

 -

Consumer and other

 

 
183

 

 
5

 

 
580

 

 
7

Total

 

$
8,331

 

$
296

 

$
13,564

 

$
167

 

Impaired loans, individually evaluated for impairment

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2015

 

    

Recorded Investment

    

Unpaid Principal Balance

    

Related Allowance

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
1,997

 

$
1,999

 

$

 -

Owner occupied commercial real estate

 

 
1,429

 

 
1,436

 

 

 -

Commercial real estate

 

 
532

 

 
532

 

 

 -

Construction, land & land development

 

 
287

 

 
287

 

 

 -

Residential mortgage

 

 
435

 

 
435

 

 

 -

Consumer and other

 

 
149

 

 
149

 

 

 -

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

            

 

 

            

 

 

            

Commercial & industrial

 

$
1,639

 

$
1,639

 

$
516

Construction, land & land development

 

 
215

 

 
216

 

 
103

Residential mortgage

 

 
110

 

 
111

 

 
59

Consumer and other

 

 
2

 

 
2

 

 
2

 

 

 

 

 

 

 

 

 

 

Total:

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
3,636

 

$
3,638

 

$
516

Owner occupied commercial real estate

 

 
1,429

 

 
1,436

 

 

 -

Commercial real estate

 

 
532

 

 
532

 

 

 -

Construction, land & land development

 

 
502

 

 
503

 

 
103

Residential mortgage

 

 
545

 

 
546

 

 
59

Consumer and other

 

 
151

 

 
151

 

 
2

 

 

$
6,795

 

$
6,806

 

$
680

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2015

 

 

Commercial &
Industrial

 

Owner
Occupied
Commercial
Real Estate

 

Commercial

Real Estate

 

Construction &
Land
Development

 

Residential

Mortgage

 

Other
Consumer

 

Total

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grade 1

   

$
3,510

 

$

 -

 

$

 -

 

$

 -

 

$
281

 

$
1,045

   

$
4,836

Grade 2

 

 
5,825

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
5,825

Grade 3

 

 
148,372

 

 
18,787

 

 
28,240

 

 
8,016

 

 
55,840

 

 
2,760

 

 
262,015

Grade 4

 

 
495,150

 

 
147,527

 

 
330,924

 

 
274,560

 

 
173,070

 

 
10,368

 

 
1,431,599

Grade 5

 

 
58,043

 

 
7,665

 

 
6,194

 

 
1,215

 

 
97

 

 
134

 

 
73,348

Grade 6

 

 
53,795

 

 

 -

 

 
3,491

 

 

 -

 

 
258

 

 
120

 

 
57,664

Grade 7

 

 
26,382

 

 

 -

 

 
9,959

 

 
6,124

 

 
937

 

 
19

 

 
43,421

Grade 8

 

 
2,794

 

 
1,428

 

 
532

 

 
503

 

 
545

 

 
2

 

 
5,804

Grade 9

 

 
310

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
310

 

 

 
794,181

 

 
175,407

 

 
379,340

 

 
290,418

 

 
231,028

 

 
14,448

 

 
1,884,822

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchased Credit Impaired

 

 
1,302

 

 
1,046

 

 
4,523

 

 
51

 

 
2,998

 

 

 -

 

 
9,920

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans

 

$
795,483

 

$
176,453

 

$
383,863

 

$
290,469

 

$
234,026

 

$
14,448

 

$
1,894,742

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

Commercial &
Industrial

 

Owner
Occupied
Commercial
Real Estate

 

Commercial

Real Estate

 

Construction &
Land
Development

 

Residential

Mortgage

 

Other
Consumer

 

Total

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grade 1

   

$
2,410

   

$

 -

   

$

 -

   

$

 -

   

$
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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

June 30, 2015

 

June 30, 2014

 

 

Number of Contracts

 

Pre-Modification
Outstanding
Recorded
Investment

 

Recorded Investment as of
June 30, 2015

 

Number of
Contracts

 

Pre-Modification
Outstanding
Recorded
Investment

 

Recorded Investment as of
June 30, 2014

 

 

(Dollars in thousands)

 

    

 

    

 

 

    

 

 

  

 

    

 

 

    

 

 

Commercial & industrial

 

 3

 

$
985

 

$
877

 

 3

 

$
545

 

$
542

Construction, land & land development

 

 -

 

 

 -

 

 

 -

 

 1

 

 
30

 

 
30

Consumer and other

 

 -

 

 

 -

 

 

 -

 

 1

 

 
125

 

 
125

Total

 

 3

 

$
985

 

$
877

 

 5

 

$
700

 

$
697