XML 44 R31.htm IDEA: XBRL DOCUMENT v3.3.0.814
Loans (Tables)
 9 Months Ended
Sep. 30, 2015
LOANS  
Loan Portfolio Classified by Type and Class

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2015

 

    

Originated

    

Acquired

    

Total

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
802,603

 

$
17,734

 

$
820,337

Real estate:

 

 

 

 

 

 

 

 

 

Owner occupied commercial real estate

 

 
169,296

 

 
13,928

 

 
183,224

Commercial real estate

 

 
465,989

 

 
17,639

 

 
483,628

Construction, land & land development

 

 
247,228

 

 
4,978

 

 
252,206

Residential mortgage

 

 
114,733

 

 
116,063

 

 
230,796

Consumer and other

 

 
9,786

 

 
2,303

 

 
12,089

Total loans held for investment

 

$
1,809,635

 

$
172,645

 

$
1,982,280

 

 

 

 

 

 

 

 

 

 

Total loans held for sale

 

$
192

 

$

 -

 

$
192

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 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

    

$
287,452

 

$
489,461

 

$
43,424

    

$
820,337

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 Owner occupied commercial real estate

 

 
11,436

 

 
80,284

 

 
91,504

 

 
183,224

 Commercial real estate

 

 
54,299

 

 
302,731

 

 
126,598

 

 
483,628

 Construction, land & land development

 

 
62,592

 

 
113,702

 

 
75,912

 

 
252,206

 Residential mortgage

 

 
5,582

 

 
50,344

 

 
174,870

 

 
230,796

Consumer and Other

 

 
4,201

 

 
7,237

 

 
651

 

 
12,089

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans held for investment

 

$
425,562

 

$
1,043,759

 

$
512,959

 

$
1,982,280

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed rate

 

$
34,003

 

$
220,613

 

$
87,307

 

$
341,923

Floating rate

 

 
391,559

 

 
823,146

 

 
425,652

 

 
1,640,357

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans held for investment

 

$
425,562

 

$
1,043,759

 

$
512,959

 

$
1,982,280

 

Related party loans

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

    

2015

    

2014

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Beginning balance

 

$

 -

 

$

 -

Advances

 

 

 -

 

 
2

Repayments

 

 

 -

 

 
(2)

Ending Balance

 

$

 -

 

$

 -

 

Acquired loans

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

    

2015

    

2014

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Credit impaired acquired loans:

 

 

 

 

 

 

Outstanding principal balance

 

$
11,033

 

$
16,224

Recorded investment

 

 
9,405

 

 
14,154

Discount, net

 

$
1,628

 

$
2,070

 

 

 

 

 

 

 

Other acquired loans:

 

 

 

 

 

 

Outstanding principal balance

 

 
164,228

 

 
226,284

Deferred fees, net

 

 
(36)

 

 
(3)

Recorded investment

 

 
163,240

 

 
224,270

Discount, net

 

$
952

 

$
2,011

 

 

 

 

 

 

 

Total acquired loans:

 

 

 

 

 

 

Outstanding principal balance

 

 
175,261

 

 
242,508

Deferred fees, net

 

 
(36)

 

 
(3)

Recorded investment

 

 
172,645

 

 
238,424

Discount, net

 

$
2,580

 

$
4,081

 

Accretable Yield For Credit Impaired Acquired Loans

 

 

 

 

 

 

 

 

 

 

Nine Months Ended  September 30,

 

    

2015

    

2014

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Balance at beginning of period

 

$
685

 

$
603

Additions

 

 

 -

 

 

 -

Reclassifications from nonaccretable yield

 

 
557

 

 
91

Accretion

 

 
(196)

 

 
(110)

Balance at period end

 

$
1,046

 

$
584

 

Age analysis of loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 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

 

$
1,330

 

$

 -

 

$
1,330

 

$
20,304

 

$

 -

 

$
780,969

 

$
802,603

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied commercial real estate

 

 
2,215

 

 

 -

 

 
2,215

 

 
854

 

 

 -

 

 
166,227

 

 
169,296

Commercial real estate

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
465,989

 

 
465,989

Construction, land & land development

 

 
567

 

 
4,221

 

 
4,788

 

 
486

 

 

 -

 

 
241,954

 

 
247,228

Residential mortgage

 

 

 -

 

 

 -

 

 

 -

 

 
198

 

 

 -

 

 
114,535

 

 
114,733

Consumer and other

 

 
114

 

 

 -

 

 
114

 

 

 -

 

 

 -

 

 
9,672

 

 
9,786

Total originated loans

 

$
4,226

 

$
4,221

 

$
8,447

 

$
21,842

 

$

 -

 

$
1,779,346

 

$
1,809,635

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquired Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
10

 

$

 -

 

$
10

 

$
427

 

$
900

 

$
16,397

 

$
17,734

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 -

 

 

 

 

 

 

Owner occupied commercial real estate

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
1,023

 

 
12,905

 

 
13,928

Commercial real estate

 

 

 -

 

 

 -

 

 

 -

 

 
1,640

 

 
4,474

 

 
11,525

 

 
17,639

Construction, land & land development

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
45

 

 
4,933

 

 
4,978

Residential mortgage

 

 
34

 

 
9

 

 
43

 

 
476

 

 
2,963

 

 
112,581

 

 
116,063

Consumer and other

 

 
20

 

 
3

 

 
23

 

 

 -

 

 

 -

 

 
2,280

 

 
2,303

Total acquired loans

 

$
64

 

$
12

 

$
76

 

$
2,543

 

$
9,405

 

$
160,621

 

$
172,645

Total loans held for investment

 

$
4,290

 

$
4,233

 

$
8,523

 

$
24,385

 

$
9,405

 

$
1,939,967

 

$
1,982,280

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 originated loans

 

$
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 acquired loans

 

$
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

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

    

2015

    

2014

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Nonaccrual loans

 

$
22,762

 

$
2,127

Accruing loans past due 90 days or more

 

 
4,233

 

 
16

Restructured loans - nonaccrual

 

 
1,623

 

 
2,717

Restructured loans - accruing

 

 
6,048

 

 
2,257

Total nonperforming loans

 

$
34,666

 

$
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 nonaccrual loans that were paid in full during the period.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

September 30, 2015

 

September 30, 2014

 

 

Average Recorded Investment

 

Interest Income Recognized

 

Average Recorded Investment

 

Interest Income Recognized

 

 

(Dollars in thousands)

 

    

 

 

    

 

 

  

 

 

    

 

 

Commercial & industrial

 

$
9,555

 

$
7

 

$
4,935

 

$
393

Owner occupied commercial real estate

 

 
1,059

 

 
20

 

 
231

 

 

 -

Commercial real estate

 

 
2,705

 

 
9

 

 
3,060

 

 
34

Construction, land & land development

 

 
492

 

 

 -

 

 
1,745

 

 
17

Residential mortgage

 

 
553

 

 

 -

 

 
1,302

 

 

 -

Consumer and other

 

 
146

 

 
3

 

 
263

 

 
7

Total

 

$
14,510

 

$
39

 

$
11,536

 

$
451

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

September 30, 2015

 

September 30, 2014

 

 

Average Recorded Investment

 

Interest Income Recognized

 

Average Recorded Investment

 

Interest Income Recognized

 

 

(Dollars in thousands)

 

    

 

 

    

 

 

  

 

 

    

 

 

Commercial & industrial

 

$
5,505

 

$
28

 

$
6,153

 

$
399

Owner occupied commercial real estate

 

 
1,173

 

 
20

 

 
96

 

 
25

Commercial real estate

 

 
1,909

 

 
13

 

 
3,104

 

 
131

Construction, land & land development

 

 
598

 

 
15

 

 
1,749

 

 
49

Residential mortgage

 

 
1,035

 

 
240

 

 
1,312

 

 

 -

Consumer and other

 

 
171

 

 
8

 

 
474

 

 
14

Total

 

$
10,391

 

$
324

 

$
12,888

 

$
618

 

Impaired loans, individually evaluated for impairment

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2015

 

    

Recorded Investment

    

Unpaid Principal Balance

    

Related Allowance

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
16,483

 

$
16,485

 

$

 -

Owner occupied commercial real estate

 

 
853

 

 
859

 

 

 -

Commercial real estate

 

 
7,058

 

 
7,075

 

 

 -

Construction, land & land development

 

 
276

 

 
276

 

 

 -

Residential mortgage

 

 
606

 

 
605

 

 

 -

Consumer and other

 

 
145

 

 
145

 

 

 -

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

            

 

 

            

 

 

            

Commercial & industrial

 

$
4,734

 

$
4,734

 

$
2,628

Construction, land & land development

 

 
210

 

 
210

 

 
98

Residential mortgage

 

 
68

 

 
68

 

 
16

 

 

 

 

 

 

 

 

 

 

Total:

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
21,217

 

$
21,219

 

$
2,628

Owner occupied commercial real estate

 

 
853

 

 
859

 

 

 -

Commercial real estate

 

 
7,058

 

 
7,075

 

 

 -

Construction, land & land development

 

 
486

 

 
486

 

 
98

Residential mortgage

 

 
674

 

 
673

 

 
16

Consumer and other

 

 
145

 

 
145

 

 

 -

Total

 

$
30,433

 

$
30,457

 

$
2,742

 

 

 

 

 

 

 

 

 

 

 

 

 

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

Total

 

$
7,101

 

$
7,106

 

$
468

 

Credit risk profile of loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 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

   

$
3,508

 

$

-

 

$

 -

 

$

 -

 

$
280

 

$
766

   

$
4,554

Grade 2

 

 
6,225

 

 

-

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
6,225

Grade 3

 

 
160,623

 

 
18,029

 

 
28,093

 

 
7,347

 

 
56,452

 

 
934

 

 
271,478

Grade 4

 

 
505,322

 

 
158,241

 

 
408,846

 

 
239,574

 

 
169,191

 

 
10,130

 

 
1,491,304

Grade 5

 

 
43,479

 

 
865

 

 
15,873

 

 
2,264

 

 
96

 

 
125

 

 
62,702

Grade 6

 

 
41,394

 

 
3,771

 

 
9,816

 

 

 -

 

 
1,141

 

 
117

 

 
56,239

Grade 7

 

 
38,154

 

 
441

 

 
14,886

 

 
2,490

 

 

 -

 

 
17

 

 
55,988

Grade 8

 

 
17,155

 

 
854

 

 
1,640

 

 
486

 

 
673

 

 

 -

 

 
20,808

Grade 9

 

 
3,577

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
3,577

 

 

 
819,437

 

 
182,201

 

 
479,154

 

 
252,161

 

 
227,833

 

 
12,089

 

 
1,972,875

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchased Credit Impaired

 

 
900

 

 
1,023

 

 
4,474

 

 
45

 

 
2,963

 

 

 -

 

 
9,405

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans

 

$
820,337

 

$
183,224

 

$
483,628

 

$
252,206

 

$
230,796

 

$
12,089

 

$
1,982,280

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

September 30, 2015

 

September 30, 2014

 

 

Number of Contracts

 

Pre-Modification
Outstanding
Recorded
Investment

 

Recorded Investment as of
September 30, 2015

 

Number of
Contracts

 

Pre-Modification
Outstanding
Recorded
Investment

 

Recorded Investment as of
September 30, 2014

 

 

(Dollars in thousands)

 

    

 

    

 

 

    

 

 

  

 

    

 

 

    

 

 

Commercial & industrial

 

 6

 

$
1,657

 

$
886

 

 3

 

$
545

 

$

 -

Commercial real estate

 

 1

 

 
5,417

 

 
5,417

 

 -

 

 

 -

 

 

 -

Construction, land & land development

 

 -

 

 

 -

 

 

 -

 

 1

 

 
30

 

 
29

Consumer and other

 

 -

 

 

 -

 

 

 -

 

 1

 

 
125

 

 
123

Total

 

 7

 

$
7,074

 

$
6,303

 

 5

 

$
700

 

$
152