XML 38 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
Loans and Allowance for Loan Losses (Tables)
 9 Months Ended
Sep. 30, 2017
Receivables [Abstract]  
Loans Outstanding by Major Lending Classification

Loans outstanding at September 30, 2017 and December 31, 2016, by major lending classification are as follows:

 

 

 

September 30,

 

 

December 31,

 

 

 

2017

 

 

2016

 

Commercial  and industrial

 

$

731,588

 

 

$

386,233

 

Construction

 

 

435,414

 

 

 

245,905

 

Residential real estate:

 

 

 

 

 

 

 

 

1-to-4 family mortgage

 

 

459,467

 

 

 

294,924

 

Residential line of credit

 

 

188,392

 

 

 

177,190

 

Multi-family mortgage

 

 

74,004

 

 

 

44,977

 

Commercial real estate:

 

 

 

 

 

 

 

 

Owner occupied

 

 

473,395

 

 

 

357,346

 

Non-owner occupied

 

 

521,416

 

 

 

267,902

 

Consumer and other

 

 

230,886

 

 

 

74,307

 

Gross loans

 

 

3,114,562

 

 

 

1,848,784

 

Less: Allowance for loan losses

 

 

(23,482

)

 

 

(21,747

)

Net loans

 

$

3,091,080

 

 

$

1,827,037

 

 
Allowance for Loan Losses by Portfolio Segment and Related Investment in Loans Net of Unearned Interest

The following provides the allowance for loan losses by portfolio segment and the related investment in loans net of unearned interest for the three and nine months ended September 30, 2017 and 2016 (in thousands):

 

 

 

Commercial

and industrial

 

 

Construction

 

 

1-to-4

family

residential

mortgage

 

 

Residential

line of credit

 

 

Multi-

family

residential

mortgage

 

 

Commercial

real estate

owner

occupied

 

 

Commercial

real estate

non-owner occupied

 

 

Consumer

and other

 

 

Total

 

Three Months Ended September 30, 2017

 

Beginning balance -

   June 30, 2017

 

$

5,440

 

 

$

5,579

 

 

$

2,974

 

 

$

1,445

 

 

$

513

 

 

$

3,983

 

 

$

2,452

 

 

$

861

 

 

$

23,247

 

Provision for loan losses

 

 

315

 

 

 

(476

)

 

 

(269

)

 

 

(565

)

 

 

10

 

 

 

65

 

 

 

24

 

 

 

112

 

 

 

(784

)

Recoveries of loans

   previously charged-off

 

 

200

 

 

 

1,022

 

 

 

86

 

 

 

157

 

 

 

—

 

 

 

24

 

 

 

1

 

 

 

104

 

 

 

1,594

 

Loans charged off

 

 

(221

)

 

 

—

 

 

 

(32

)

 

 

(9

)

 

 

—

 

 

 

(64

)

 

 

—

 

 

 

(249

)

 

 

(575

)

Ending balance -

   September 30, 2017

 

$

5,734

 

 

$

6,125

 

 

$

2,759

 

 

$

1,028

 

 

$

523

 

 

$

4,008

 

 

$

2,477

 

 

$

828

 

 

$

23,482

 

Nine Months Ended September 30, 2017

 

Beginning balance -

   December 31, 2016

 

$

5,309

 

 

$

4,940

 

 

$

3,197

 

 

$

1,613

 

 

$

504

 

 

$

3,302

 

 

$

2,019

 

 

$

863

 

 

$

21,747

 

Provision for loan losses

 

 

(848

)

 

 

111

 

 

 

(409

)

 

 

(749

)

 

 

19

 

 

 

731

 

 

 

(1,184

)

 

 

423

 

 

 

(1,906

)

Recoveries of loans

   previously charged-off

 

 

1,794

 

 

 

1,080

 

 

 

126

 

 

 

368

 

 

 

—

 

 

 

39

 

 

 

1,642

 

 

 

400

 

 

 

5,449

 

Loans charged off

 

 

(521

)

 

 

(6

)

 

 

(155

)

 

 

(204

)

 

 

—

 

 

 

(64

)

 

 

—

 

 

 

(858

)

 

 

(1,808

)

Ending balance -

   September 30, 2017

 

$

5,734

 

 

$

6,125

 

 

$

2,759

 

 

$

1,028

 

 

$

523

 

 

$

4,008

 

 

$

2,477

 

 

$

828

 

 

$

23,482

 

 

 

 

Commercial

and industrial

 

 

Construction

 

 

1-to-4

family

residential mortgage

 

 

Residential

line of credit

 

 

Multi-

family

residential mortgage

 

 

Commercial

real estate

owner

occupied

 

 

Commercial

real estate

non-owner occupied

 

 

Consumer

and other

 

 

Total

 

Three Months Ended September 30, 2016

 

Beginning balance -

   June 30, 2016

 

$

5,924

 

 

$

4,373

 

 

$

3,611

 

 

$

1,944

 

 

$

453

 

 

$

3,764

 

 

$

2,634

 

 

$

1,031

 

 

$

23,734

 

Provision for loan losses

 

 

381

 

 

 

66

 

 

 

48

 

 

 

(126

)

 

 

158

 

 

 

(83

)

 

 

(367

)

 

 

(6

)

 

 

71

 

Recoveries of loans

   previously charged-off

 

 

8

 

 

 

32

 

 

 

2

 

 

 

36

 

 

 

—

 

 

 

4

 

 

 

22

 

 

 

95

 

 

 

199

 

Loans charged off

 

 

(358

)

 

 

—

 

 

 

(166

)

 

 

(29

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(161

)

 

 

(714

)

Ending balance -

   September 30, 2016

 

$

5,955

 

 

$

4,471

 

 

$

3,495

 

 

$

1,825

 

 

$

611

 

 

$

3,685

 

 

$

2,289

 

 

$

959

 

 

$

23,290

 

Nine Months Ended September 30, 2016

 

 

 

 

 

Beginning balance - December 31, 2015

 

$

5,135

 

 

$

5,143

 

 

$

4,176

 

 

$

2,201

 

 

$

311

 

 

$

3,682

 

 

$

2,622

 

 

$

1,190

 

 

$

24,460

 

Provision for loan losses

 

 

896

 

 

 

(807

)

 

 

(571

)

 

 

(415

)

 

 

300

 

 

 

81

 

 

 

(360

)

 

 

149

 

 

 

(727

)

Recoveries of loans

   previously charged-off

 

 

480

 

 

 

137

 

 

 

109

 

 

 

143

 

 

 

—

 

 

 

15

 

 

 

27

 

 

 

266

 

 

 

1,177

 

Loans charged off

 

 

(556

)

 

 

(2

)

 

 

(219

)

 

 

(104

)

 

 

—

 

 

 

(93

)

 

 

—

 

 

 

(646

)

 

 

(1,620

)

Ending balance -

   September 30, 2016

 

$

5,955

 

 

$

4,471

 

 

$

3,495

 

 

$

1,825

 

 

$

611

 

 

$

3,685

 

 

$

2,289

 

 

$

959

 

 

$

23,290

 

 
Allocation of Allowance for Loan Losses by Loan Category Broken Out Between Loans Individually and Collectively Evaluated for Impairment

The following table provides the allocation of the allowance for loan losses by loan category broken out between loans individually evaluated for impairment and loans collectively evaluated for impairment as of September 30, 2017 and December 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2017

 

 

 

Commercial

and industrial

 

 

Construction

 

 

1-to-4

family

residential mortgage

 

 

Residential

line of credit

 

 

Multi-

family

residential mortgage

 

 

Commercial

real estate

owner

occupied

 

 

Commercial

real estate

non-owner occupied

 

 

Consumer

and other

 

 

Total

 

Amount of allowance allocated to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for

   impairment

 

$

15

 

 

$

—

 

 

$

24

 

 

$

—

 

 

$

—

 

 

$

352

 

 

$

43

 

 

$

11

 

 

$

445

 

Collectively evaluated for

   impairment

 

 

5,719

 

 

 

6,125

 

 

 

2,735

 

 

 

1,028

 

 

 

523

 

 

 

3,656

 

 

 

2,434

 

 

 

803

 

 

 

23,023

 

Acquired with deteriorated

   credit quality

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

14

 

 

 

14

 

Ending balance -

   September 30, 2017

 

$

5,734

 

 

$

6,125

 

 

$

2,759

 

 

$

1,028

 

 

$

523

 

 

$

4,008

 

 

$

2,477

 

 

$

828

 

 

$

23,482

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

 

 

Commercial

and industrial

 

 

Construction

 

 

1-to-4

family

residential mortgage

 

 

Residential

line of credit

 

 

Multi-

family

residential mortgage

 

 

Commercial

real estate

owner

occupied

 

 

Commercial

real estate

non-owner occupied

 

 

Consumer

and other

 

 

Total

 

Amount of allowance allocated to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for

   impairment

 

$

135

 

 

$

—

 

 

$

23

 

 

$

—

 

 

$

—

 

 

$

113

 

 

$

242

 

 

$

—

 

 

$

513

 

Collectively evaluated for

   impairment

 

 

5,174

 

 

 

4,940

 

 

 

3,174

 

 

 

1,613

 

 

 

504

 

 

 

3,189

 

 

 

1,777

 

 

 

863

 

 

 

21,234

 

Acquired with deteriorated

   credit quality

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Ending balance -

   December 31, 2016

 

$

5,309

 

 

$

4,940

 

 

$

3,197

 

 

$

1,613

 

 

$

504

 

 

$

3,302

 

 

$

2,019

 

 

$

863

 

 

$

21,747

 

 
Amount of Loans by Loan Category Broken Between Loans Individually and Collectively Evaluated for Impairment

 

The following table provides the amount of loans by loan category broken between loans individually evaluated for impairment and loans collectively evaluated for impairment as of September 30, 2017 and December 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2017

 

 

 

Commercial

and industrial

 

 

Construction

 

 

1-to-4

family

residential mortgage

 

 

Residential line of credit

 

 

Multi-

family

residential mortgage

 

 

Commercial

real estate

owner

occupied

 

 

Commercial

real estate

non-owner occupied

 

 

Consumer and other

 

 

Total

 

Loans, net of unearned income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for

   impairment

 

$

826

 

 

$

1,295

 

 

$

1,272

 

 

$

—

 

 

$

988

 

 

$

2,785

 

 

$

1,732

 

 

$

23

 

 

$

8,921

 

Collectively evaluated for

   impairment

 

 

727,885

 

 

 

426,039

 

 

 

433,544

 

 

 

188,392

 

 

 

72,994

 

 

 

459,537

 

 

 

500,713

 

 

 

204,082

 

 

 

3,013,186

 

Acquired with deteriorated

   credit quality

 

 

2,877

 

 

 

8,080

 

 

 

24,651

 

 

 

—

 

 

 

22

 

 

 

11,073

 

 

 

18,971

 

 

 

26,781

 

 

 

92,455

 

Ending balance -

   September 30, 2017

 

$

731,588

 

 

$

435,414

 

 

$

459,467

 

 

$

188,392

 

 

$

74,004

 

 

$

473,395

 

 

$

521,416

 

 

$

230,886

 

 

$

3,114,562

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

 

 

Commercial

and industrial

 

 

Construction

 

 

1-to-4

family

residential mortgage

 

 

Residential line of credit

 

 

Multi-

family

residential mortgage

 

 

Commercial

real estate

owner

occupied

 

 

Commercial

real estate

non-owner occupied

 

 

Consumer

and other

 

 

Total

 

Loans, net of unearned income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated

   for impairment

 

$

1,476

 

 

$

2,686

 

 

$

2,471

 

 

$

311

 

 

$

1,027

 

 

$

2,752

 

 

$

2,201

 

 

$

27

 

 

$

12,951

 

Collectively evaluated

   for impairment

 

 

384,279

 

 

 

238,900

 

 

 

290,346

 

 

 

176,879

 

 

 

43,922

 

 

 

350,812

 

 

 

260,361

 

 

 

74,276

 

 

 

1,819,775

 

Acquired with deteriorated

   credit quality

 

 

478

 

 

 

4,319

 

 

 

2,107

 

 

 

—

 

 

 

28

 

 

 

3,782

 

 

 

5,340

 

 

 

4

 

 

 

16,058

 

Ending balance -

   December 31, 2016

 

$

386,233

 

 

$

245,905

 

 

$

294,924

 

 

$

177,190

 

 

$

44,977

 

 

$

357,346

 

 

$

267,902

 

 

$

74,307

 

 

$

1,848,784

 

 
Credit Quality Indicators by Portfolio Class

The following table shows credit quality indicators by portfolio class at September 30, 2017 and December 31, 2016:

 

September 30, 2017

 

Pass

 

 

Watch

 

 

Substandard

 

 

Total

 

Loans, excluding purchased credit impaired loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

671,566

 

 

$

53,388

 

 

$

3,757

 

 

$

728,711

 

Construction

 

 

419,219

 

 

 

6,402

 

 

 

1,713

 

 

 

427,334

 

Residential real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-to-4 family mortgage

 

 

421,020

 

 

 

6,548

 

 

 

7,248

 

 

 

434,816

 

Residential line of credit

 

 

185,892

 

 

 

1,461

 

 

 

1,039

 

 

 

188,392

 

Multi-family mortgage

 

 

72,214

 

 

 

142

 

 

 

1,626

 

 

 

73,982

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

 

429,691

 

 

 

27,960

 

 

 

4,671

 

 

 

462,322

 

Non-owner occupied

 

 

486,487

 

 

 

13,967

 

 

 

1,991

 

 

 

502,445

 

Consumer and other

 

 

202,697

 

 

 

930

 

 

 

478

 

 

 

204,105

 

Total loans, excluding purchased credit impaired

   loans

 

$

2,888,786

 

 

$

110,798

 

 

$

22,523

 

 

$

3,022,107

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchased credit impaired loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

—

 

 

$

1,665

 

 

$

1,212

 

 

$

2,877

 

Construction

 

 

—

 

 

 

3,383

 

 

 

4,697

 

 

 

8,080

 

Residential real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-to-4 family mortgage

 

 

—

 

 

 

21,127

 

 

 

3,524

 

 

 

24,651

 

Residential line of credit

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Multi-family mortgage

 

 

—

 

 

 

—

 

 

 

22

 

 

 

22

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

 

—

 

 

 

3,294

 

 

 

7,779

 

 

 

11,073

 

Non-owner occupied

 

 

—

 

 

 

7,740

 

 

 

11,231

 

 

 

18,971

 

Consumer and other

 

 

—

 

 

 

18,181

 

 

 

8,600

 

 

 

26,781

 

Total purchased credit impaired loans

 

$

—

 

 

$

55,390

 

 

$

37,065

 

 

$

92,455

 

Total loans

 

$

2,888,786

 

 

$

166,188

 

 

$

59,588

 

 

$

3,114,562

 

 

December 31, 2016

 

Pass

 

 

Watch

 

 

Substandard

 

 

Total

 

Loans, excluding purchased credit impaired loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

351,046

 

 

$

31,074

 

 

$

3,635

 

 

$

385,755

 

Construction

 

 

236,588

 

 

 

4,612

 

 

 

386

 

 

 

241,586

 

Residential real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-to-4 family mortgage

 

 

277,948

 

 

 

6,945

 

 

 

7,924

 

 

 

292,817

 

Residential line of credit

 

 

173,011

 

 

 

1,875

 

 

 

2,304

 

 

 

177,190

 

Multi-family mortgage

 

 

43,770

 

 

 

152

 

 

 

1,027

 

 

 

44,949

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

 

338,698

 

 

 

10,459

 

 

 

4,407

 

 

 

353,564

 

Non-owner occupied

 

 

249,877

 

 

 

10,273

 

 

 

2,412

 

 

 

262,562

 

Consumer and other

 

 

73,454

 

 

 

417

 

 

 

432

 

 

 

74,303

 

Total loans, excluding purchased credit impaired

   loans

 

$

1,744,392

 

 

$

65,807

 

 

$

22,527

 

 

$

1,832,726

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchased credit impaired loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

—

 

 

$

—

 

 

$

478

 

 

$

478

 

Construction

 

 

—

 

 

 

—

 

 

 

4,319

 

 

 

4,319

 

Residential real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-to-4 family mortgage

 

 

—

 

 

 

—

 

 

 

2,107

 

 

 

2,107

 

Residential line of credit

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Multi-family mortgage

 

 

—

 

 

 

—

 

 

 

28

 

 

 

28

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

 

—

 

 

 

—

 

 

 

3,782

 

 

 

3,782

 

Non-owner occupied

 

 

—

 

 

 

—

 

 

 

5,340

 

 

 

5,340

 

Consumer and other

 

 

—

 

 

 

—

 

 

 

4

 

 

 

4

 

Total purchased credit impaired loans

 

$

—

 

 

$

—

 

 

$

16,058

 

 

$

16,058

 

Total loans

 

$

1,744,392

 

 

$

65,807

 

 

$

38,585

 

 

$

1,848,784

 

 
Changes in Accretable Yield on Purchase Credit Impaired Loans

Changes in accretable yield on purchase credit impaired loans were as follows:

 

 

 

Purchased Credit Impaired Accretable yield

 

Balance at June 30, 2017

 

$

(1,845

)

Additions through the acquisition of the Clayton

   Banks

 

 

(18,457

)

Principal reductions/ pay-offs

 

 

(690

)

Recoveries

 

 

—

 

Accretion

 

 

1,646

 

Balance at September 30, 2017

 

$

(19,346

)

 

 

 

 

 

Balance at June 30, 2016

 

$

(1,248

)

Principal reductions/ pay-offs

 

 

(381

)

Accretion

 

 

590

 

Balance at September 30, 2016

 

$

(1,039

)

 

 

 

 

 

 

 

Purchased Credit Impaired Accretable yield

 

Balance at December 31, 2016

 

$

(2,444

)

Additions through the acquisition of the Clayton

   Banks

 

 

(18,457

)

Principal reductions/ pay-offs

 

 

(1,680

)

Recoveries

 

 

(23

)

Accretion

 

 

3,258

 

Balance at September 30, 2017

 

$

(19,346

)

 

 

 

 

 

Balance at December 31, 2015

 

$

(1,637

)

Principal reductions/ pay-offs

 

 

(1,839

)

Accretion

 

 

2,437

 

Balance at September 30, 2016

 

$

(1,039

)

 
Past Due Loans

Nonperforming loans include loans that are no longer accruing interest (non-accrual loans) and loans past due ninety or more days and still accruing interest. Nonperforming loans and impaired loans are defined differently. Some loans may be included in both categories, whereas other loans may only be included in one category.

The following table provides the period-end amounts of loans that are past due thirty to eighty-nine days, past due ninety or more days and still accruing interest, loans not accruing interest, loans current on payments accruing interest and purchased credit impaired loans by category at September 30, 2017 and December 31, 2016:

 

September 30, 2017

 

30-89 days

past due

 

 

90 days or more

and accruing

interest

 

 

Non-accrual

loans

 

 

Loans current

on payments

and accruing

interest

 

 

Purchased Credit Impaired loans

 

 

Total

 

Commercial and industrial

 

$

388

 

 

$

37

 

 

$

469

 

 

$

727,817

 

 

$

2,877

 

 

$

731,588

 

Construction

 

 

596

 

 

 

44

 

 

 

239

 

 

 

426,455

 

 

 

8,080

 

 

 

435,414

 

Residential real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-to-4 family mortgage

 

 

3,600

 

 

 

520

 

 

 

2,257

 

 

 

428,439

 

 

 

24,651

 

 

 

459,467

 

Residential line of credit

 

 

932

 

 

 

250

 

 

 

529

 

 

 

186,681

 

 

 

—

 

 

 

188,392

 

Multi-family mortgage

 

 

—

 

 

 

87

 

 

 

—

 

 

 

73,895

 

 

 

22

 

 

 

74,004

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

 

2,520

 

 

 

134

 

 

 

2,308

 

 

 

457,360

 

 

 

11,073

 

 

 

473,395

 

Non-owner occupied

 

 

—

 

 

 

—

 

 

 

1,916

 

 

 

500,529

 

 

 

18,971

 

 

 

521,416

 

Consumer and other

 

 

2,326

 

 

 

166

 

 

 

31

 

 

 

201,582

 

 

 

26,781

 

 

 

230,886

 

Total

 

$

10,362

 

 

$

1,238

 

 

$

7,749

 

 

$

3,002,758

 

 

$

92,455

 

 

$

3,114,562

 

 

December 31, 2016

 

30-89 days

past due

 

 

90 days or more

and accruing

interest

 

 

Non-accrual

loans

 

 

Loans current

on payments

and accruing

interest

 

 

Purchased Credit Impaired loans

 

 

Total

 

Commercial and industrial

 

$

262

 

 

$

127

 

 

$

1,297

 

 

$

384,069

 

 

$

478

 

 

$

386,233

 

Construction

 

 

441

 

 

 

17

 

 

 

254

 

 

 

240,874

 

 

 

4,319

 

 

 

245,905

 

Residential real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-to-4 family mortgage

 

 

3,130

 

 

 

697

 

 

 

2,289

 

 

 

286,701

 

 

 

2,107

 

 

 

294,924

 

Residential line of credit

 

 

1,139

 

 

 

433

 

 

 

601

 

 

 

175,017

 

 

 

—

 

 

 

177,190

 

Multi-family mortgage

 

 

—

 

 

 

—

 

 

 

—

 

 

 

44,949

 

 

 

28

 

 

 

44,977

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

 

186

 

 

 

—

 

 

 

2,007

 

 

 

351,371

 

 

 

3,782

 

 

 

357,346

 

Non-owner occupied

 

 

158

 

 

 

—

 

 

 

2,251

 

 

 

260,153

 

 

 

5,340

 

 

 

267,902

 

Consumer and other

 

 

433

 

 

 

55

 

 

 

30

 

 

 

73,785

 

 

 

4

 

 

 

74,307

 

Total

 

$

5,749

 

 

$

1,329

 

 

$

8,729

 

 

$

1,816,919

 

 

$

16,058

 

 

$

1,848,784

 

 
Impaired Loans Recognized, Segregated by Class

Impaired loans recognized in conformity with ASC 310 at September 30, 2017 and December 31, 2016, segregated by class, were as follows:

 

September 30, 2017

 

Recorded

investment

 

 

Unpaid

principal

 

 

Related

allowance

 

With a related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

53

 

 

$

53

 

 

$

15

 

Construction

 

 

—

 

 

 

—

 

 

 

—

 

Residential real estate:

 

 

 

 

 

 

 

 

 

 

 

 

1-to-4 family mortgage

 

 

199

 

 

 

501

 

 

 

24

 

Residential line of credit

 

 

—

 

 

 

—

 

 

 

—

 

Multi-family mortgage

 

 

—

 

 

 

—

 

 

 

—

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

 

1,077

 

 

 

1,123

 

 

 

352

 

Non-owner occupied

 

 

148

 

 

 

151

 

 

 

43

 

Consumer and other

 

 

22

 

 

 

22

 

 

 

11

 

Total

 

$

1,499

 

 

$

1,850

 

 

$

445

 

With no related allowance recorded

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

773

 

 

$

977

 

 

$

—

 

Construction

 

 

1,295

 

 

 

1,315

 

 

 

—

 

Residential real estate:

 

 

 

 

 

 

 

 

 

 

 

 

1-to-4 family mortgage

 

 

1,073

 

 

 

1,077

 

 

 

—

 

Residential line of credit

 

 

—

 

 

 

—

 

 

 

—

 

Multi-family mortgage

 

 

988

 

 

 

988

 

 

 

—

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

 

1,708

 

 

 

2,183

 

 

 

—

 

Non-owner occupied

 

 

1,584

 

 

 

2,856

 

 

 

—

 

Consumer and other

 

 

1

 

 

 

1

 

 

 

—

 

Total

 

$

7,422

 

 

$

9,397

 

 

$

—

 

Total impaired loans

 

$

8,921

 

 

$

11,247

 

 

$

445

 

 

December 31, 2016

 

Recorded

investment

 

 

Unpaid

principal

 

 

Related

allowance

 

With a related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

854

 

 

$

854

 

 

$

135

 

Construction

 

 

—

 

 

 

—

 

 

 

—

 

Residential real estate:

 

 

 

 

 

 

 

 

 

 

 

 

1-to-4 family mortgage

 

 

103

 

 

 

369

 

 

 

23

 

Residential line of credit

 

 

—

 

 

 

—

 

 

 

—

 

Multi-family mortgage

 

 

—

 

 

 

—

 

 

 

—

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

 

635

 

 

 

654

 

 

 

113

 

Non-owner occupied

 

 

1,151

 

 

 

1,678

 

 

 

242

 

Consumer and other

 

 

1

 

 

 

1

 

 

 

—

 

Total

 

$

2,744

 

 

$

3,556

 

 

$

513

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

622

 

 

$

746

 

 

$

—

 

Construction

 

 

2,686

 

 

 

2,694

 

 

 

—

 

Residential real estate:

 

 

 

 

 

 

 

 

 

 

 

 

1-to-4 family mortgage

 

 

2,368

 

 

 

2,370

 

 

 

—

 

Residential line of credit

 

 

311

 

 

 

321

 

 

 

—

 

Multi-family mortgage

 

 

1,027

 

 

 

1,027

 

 

 

—

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

 

2,117

 

 

 

3,205

 

 

 

—

 

Non-owner occupied

 

 

1,050

 

 

 

1,781

 

 

 

—

 

Consumer and other

 

 

26

 

 

 

26

 

 

 

—

 

Total

 

$

10,207

 

 

$

12,170

 

 

$

—

 

Total impaired loans

 

$

12,951

 

 

$

15,726

 

 

$

513

 

Average recorded investment and interest income on a cash basis recognized during the three and nine months ended September 30, 2017 and 2016 on impaired loans, segregated by class, were as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

September 30, 2017

 

Average recorded investment

 

 

Interest income recognized (cash basis)

 

 

Average recorded investment

 

 

Interest income recognized (cash basis)

 

With a related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

392

 

 

$

2

 

 

$

454

 

 

$

2

 

Construction

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Residential real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-to-4 family mortgage

 

 

148

 

 

 

7

 

 

 

151

 

 

 

7

 

Residential line of credit

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Multi-family mortgage

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

 

843

 

 

 

39

 

 

 

856

 

 

 

39

 

Non-owner occupied

 

 

328

 

 

 

3

 

 

 

650

 

 

 

3

 

Consumer and other

 

 

11

 

 

 

1

 

 

 

12

 

 

 

1

 

Total

 

$

1,721

 

 

$

52

 

 

$

2,122

 

 

$

52

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

633

 

 

$

34

 

 

$

698

 

 

$

34

 

Construction

 

 

797

 

 

 

41

 

 

 

1,991

 

 

 

41

 

Residential real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-to-4 family mortgage

 

 

1,584

 

 

 

51

 

 

 

1,721

 

 

 

51

 

Residential line of credit

 

 

—

 

 

 

—

 

 

 

156

 

 

 

—

 

Multi-family mortgage

 

 

995

 

 

 

34

 

 

 

1,008

 

 

 

34

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

 

1,737

 

 

 

92

 

 

 

1,913

 

 

 

92

 

Non-owner occupied

 

 

1,590

 

 

 

12

 

 

 

1,317

 

 

 

12

 

Consumer and other

 

 

13

 

 

 

—

 

 

 

14

 

 

 

—

 

Total

 

$

7,347

 

 

$

264

 

 

$

8,815

 

 

$

264

 

Total impaired loans

 

$

9,068

 

 

$

316

 

 

$

10,936

 

 

$

316

 

September 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With a related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

363

 

 

$

3

 

 

$

820

 

 

$

14

 

Construction

 

 

—

 

 

 

—

 

 

 

102

 

 

 

—

 

Residential real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-to-4 family mortgage

 

 

200

 

 

 

1

 

 

 

1,482

 

 

 

27

 

Residential line of credit

 

 

319

 

 

 

4

 

 

 

213

 

 

 

6

 

Multi-family mortgage

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

 

807

 

 

 

17

 

 

 

1,115

 

 

 

18

 

Non-owner occupied

 

 

2,573

 

 

 

4

 

 

 

2,776

 

 

 

13

 

Consumer and other

 

 

2

 

 

 

—

 

 

 

1

 

 

 

—

 

Total

 

$

4,264

 

 

$

29

 

 

$

6,509

 

 

$

78

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

1,318

 

 

$

13

 

 

$

767

 

 

$

17

 

Construction

 

 

2,782

 

 

 

36

 

 

 

2,712

 

 

 

99

 

Residential real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-to-4 family mortgage

 

 

2,680

 

 

 

19

 

 

 

2,060

 

 

 

103

 

Residential line of credit

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Multi-family mortgage

 

 

1,037

 

 

 

13

 

 

 

1,052

 

 

 

25

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

 

2,239

 

 

 

33

 

 

 

1,378

 

 

 

75

 

Non-owner occupied

 

 

1,413

 

 

 

1

 

 

 

1,212

 

 

 

2

 

Consumer and other

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

11,469

 

 

$

115

 

 

$

9,181

 

 

$

321

 

Total impaired loans

 

$

15,733

 

 

$

144

 

 

$

15,690

 

 

$

399

 

 
Financial Effect of TDRs

The following table presents the financial effect of TDRs recorded during the periods indicated:

 

Three Months Ended September 30, 2017

 

Number of loans

 

Pre-modification outstanding recorded investment

 

 

Post-modification outstanding recorded investment

 

 

Charge offs and specific reserves

 

Residential real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-to-4 family mortgage

 

1

 

$

143

 

 

$

143

 

 

$

8

 

Total

 

1

 

$

143

 

 

$

143

 

 

$

8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2016

 

Number of loans

 

Pre-modification outstanding recorded investment

 

 

Post-modification outstanding recorded investment

 

 

Charge offs and specific reserves

 

Residential real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-to-4 family mortgage

 

1

 

$

1,098

 

 

$

1,098

 

 

$

—

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

1

 

 

118

 

 

 

118

 

 

 

—

 

Consumer and other

 

2

 

 

4

 

 

 

4

 

 

 

—

 

Total

 

4

 

$

1,220

 

 

$

1,220

 

 

$

—

 

 

Nine Months Ended September 30, 2017

 

Number of loans

 

Pre-modification outstanding recorded investment

 

 

Post-modification outstanding recorded investment

 

 

Charge offs and specific reserves

 

Commercial and industrial

 

1

 

$

5

 

 

$

5

 

 

$

—

 

Residential real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-to-4 family mortgage

 

1

 

 

143

 

 

 

143

 

 

 

8

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

1

 

 

377

 

 

 

377

 

 

 

—

 

Non-owner occupied

 

2

 

 

711

 

 

 

711

 

 

 

—

 

Total

 

5

 

$

1,236

 

 

$

1,236

 

 

$

8

 

 

Nine Months Ended September 30, 2016

 

Number of loans

 

Pre-modification outstanding recorded investment

 

 

Post-modification outstanding recorded investment

 

 

Charge offs and specific reserves

 

Commercial and industrial

 

6

 

$

2,301

 

 

$

2,301

 

 

$

86

 

Residential real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family mortgage

 

5

 

 

326

 

 

 

326

 

 

 

45

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

2

 

 

786

 

 

 

786

 

 

 

—

 

Non-owner occupied

 

1

 

 

133

 

 

 

133

 

 

 

—

 

Total

 

14

 

$

3,546

 

 

$

3,546

 

 

$

131