Allowance For Loan Losses

9 Months Ended

Sep. 30, 2015

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES

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 - July 1, 2015	$	8,463	$	1,441	$	4,291	$	2,835	$	890	$	372	$	18,292
Charge-offs		(981)		-		-		-		(41)		(12)		(1,034)
Recoveries		331		-		75		-		4		2		412
Provision		3,315		204		(123)		(381)		93		(54)		3,054
Balance - September 30, 2015	$	11,128	$	1,645	$	4,243	$	2,454	$	946	$	308	$	20,724
For the Nine Months
Balance - January 1, 2015	$	8,145	$	974	$	2,942	$	2,633	$	645	$	266	$	15,605
Charge-offs		(2,285)		-		-		-		(41)		(129)		(2,455)
Recoveries		2,091		-		76		-		22		21		2,210
Provision		3,177		671		1,225		(179)		320		150		5,364
Balance - September 30, 2015	$	11,128	$	1,645	$	4,243	$	2,454	$	946	$	308	$	20,724
As of September 30, 2015
Allowance for loan losses:
Collectively evaluated for impairment	$	8,466	$	1,642	$	4,089	$	2,348	$	929	$	308	$	17,782
Individually evaluated for impairment		2,628		-		-		98		17		-		2,743
Purchased credit impaired		34		3		154		8		-		-		199
Total allowance for loan losses	$	11,128	$	1,645	$	4,243	$	2,454	$	946	$	308	$	20,724
Loans receivable:
Collectively evaluated for impairment	$	798,220	$	181,348	$	472,096	$	251,675	$	227,159	$	11,944	$	1,942,442
Individually evaluated for impairment		21,217		853		7,058		486		674		145		30,433
Purchased credit impaired		900		1,023		4,474		45		2,963		-		9,405
Total loans evaluated for impairment	$	820,337	$	183,224	$	483,628	$	252,206	$	230,796	$	12,089	$	1,982,280

	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 - July 1, 2014	$	9,993	$	791	$	2,609	$	1,475	$	624	$	213	$	15,705
Charge-offs		(679)		-		-		-		-		(2)		(681)
Recoveries		10		-		-		-		7		1		18
Provision		(1,283)		63		251		1,176		(65)		78		220
Balance - September 30, 2014	$	8,041	$	854	$	2,860	$	2,651	$	566	$	290	$	15,262
For the Nine Months
Balance - January 1, 2014	$	10,196	$	874	$	2,216	$	1,103	$	654	$	1,318	$	16,361
Charge-offs		(1,967)		-		-		-		-		(1,287)		(3,254)
Recoveries		65		14		1		-		15		617		712
Provision		(253)		(34)		643		1,548		(103)		(358)		1,443
Balance - September 30, 2014	$	8,041	$	854	$	2,860	$	2,651	$	566	$	290	$	15,262
As of September 30, 2014
Allowance for loan losses:
Collectively evaluated for impairment	$	7,006	$	852	$	2,709	$	2,636	$	566	$	188	$	13,957
Individually evaluated for impairment		1,035		-		-		-		-		102		1,137
Purchased credit impaired		-		2		151		15		-		-		168
Total allowance for loan losses	$	8,041	$	854	$	2,860	$	2,651	$	566	$	290	$	15,262
Loans receivable:
Collectively evaluated for impairment	$	722,756	$	131,485	$	300,939	$	228,441	$	99,358	$	6,437	$	1,489,416
Individually evaluated for impairment		2,109		177		3,047		1,740		1,296		261		8,630
Purchased credit impaired		718		1,278		4,714		78		164		-		6,952
Total loans evaluated for impairment	$	725,583	$	132,940	$	308,700	$	230,259	$	100,818	$	6,698	$	1,504,998