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Allowance for Loan Losses
 6 Months Ended
Jun. 30, 2012
Allowance for Loan Losses  
Allowance for Loan Losses

Note 4 – Allowance for Loan Losses

 

Changes in the allowance for loan losses by segment of loans based on method of impairment for the six months ended June 30, 2012, were as follows:

 

 

 

 

Commercial

 

Real Estate
Commercial1

 

Real Estate
Construction

 

Real Estate
Residential

 

Consumer

 

Unallocated

 

Total

 

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

5,070

 

$

30,770

 

$

7,937

 

$

6,335

 

$

884

 

$

1,001

 

$

51,997

 

Charge-offs

 

108

 

12,339

 

3,342

 

5,186

 

277

 

-

 

21,252

 

Recoveries

 

10

 

1,622

 

1,171

 

233

 

221

 

-

 

3,257

 

Provision

 

(189)

 

3,713

 

(265)

 

2,759

 

235

 

31

 

6,284

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

4,783

 

$

23,766

 

$

5,501

 

$

4,141

 

$

1,063

 

$

1,032

 

$

40,286

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: Individually evaluated for impairment

 

$

239

 

$

2,707

 

$

1,233

 

$

2,168

 

$

-

 

$

-

 

$

6,347

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: Collectively evaluated for impairment

 

$

4,544

 

$

21,059

 

$

4,268

 

$

1,973

 

$

1,063

 

$

1,032

 

$

33,939

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financing receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

92,695

 

$

625,056

 

$

57,064

 

$

447,151

 

$

3,321

 

$

12,847

 

$

1,238,134

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: Individually evaluated for impairment

 

$

1,091

 

$

59,401

 

$

20,213

 

$

31,872

 

$

-

 

$

-

 

$

112,577

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: Collectively evaluated for impairment

 

$

91,604

 

$

565,655

 

$

36,851

 

$

415,279

 

$

3,321

 

$

12,847

 

$

1,125,557

 

 

 

1 As of June 30, 2012, this segment consisted of performing loans that included a higher risk pool of loans rated as substandard that totaled $28.2 million.  The amount of general allocation that was estimated for that portion of these performing substandard rated loans was $2.9 million at June 30, 2012.

 

Changes in the allowance for loan losses by segment of loans based on method of impairment for the six months ended June 30, 2011, were as follows:

 

 

 

Commercial

 

Real Estate
Commercial1

 

Real Estate
Construction

 

Real Estate
Residential

 

Consumer

 

Unallocated

 

Total

 

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

6,764

 

$

42,242

 

$

18,344

 

$

6,999

 

$

880

 

$

1,079

 

$

76,308

 

Charge-offs

 

155

 

11,077

 

5,199

 

3,384

 

264

 

-

 

20,079

 

Recoveries

 

44

 

3,066

 

618

 

1,339

 

222

 

-

 

5,289

 

Provision

 

(987)

 

2,545

 

(438)

 

3,263

 

(19)

 

136

 

4,500

 

Ending balance

 

$

5,666

 

$

36,776

 

$

13,325

 

$

8,217

 

$

819

 

$

1,215

 

$

66,018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: Individually evaluated for impairment

 

$

743

 

$

7,616

 

$

6,548

 

$

4,346

 

$

-

 

$

-

 

$

19,253

 

Ending balance: Collectively evaluated for impairment

 

$

4,923

 

$

29,160

 

$

6,777

 

$

3,871

 

$

819

 

$

1,215

 

$

46,765

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financing receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

123,205

 

$

765,599

 

$

94,529

 

$

519,907

 

$

4,361

 

$

22,805

 

$

1,530,406

 

Ending balance: Individually evaluated for impairment

 

$

3,393

 

$

83,802

 

$

52,882

 

$

38,995

 

$

2

 

$

-

 

$

179,074

 

Ending balance: Collectively evaluated for impairment

 

$

119,812

 

$

681,797

 

$

41,647

 

$

480,912

 

$

4,359

 

$

22,805

 

$

1,351,332

 

 

 

1 As of June 30, 2011, this segment consisted of performing loans that included a higher risk pool of loans rated as substandard that totaled $100.9 million.  The amount of general allocation that was estimated for that portion of these performing substandard rated loans was $14.6 million at June 30, 2011.