XML 66 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Loans (Tables)
 3 Months Ended
Mar. 31, 2014
Loans [Abstract]  
Analysis of allowance for loan losses by portfolio segment
An analysis of the allowance for loan losses by portfolio segment for the three months ended March 31, follows:

 
          
Payment
       
 
          
Plan
       
 
 
Commercial
  
Mortgage
  
Installment
  
Receivables
  
Unallocated
  
Total
 
 
 
(In thousands)
 
2014
                  
Balance at beginning of period
 
$
6,827
  
$
17,195
  
$
2,246
  
$
97
  
$
5,960
  
$
32,325
 
Additions (deductions)
                        
Provision for loan losses
  
507
   
193
   
176
   
(14
)
  
(434
)
  
428
 
Recoveries credited to allowance
  
355
   
458
   
251
   
4
   
-
   
1,068
 
Loans charged against the allowance
  
(1,926
)
  
(846
)
  
(612
)
  
-
   
-
   
(3,384
)
Balance at end of period
 
$
5,763
  
$
17,000
  
$
2,061
  
$
87
  
$
5,526
  
$
30,437
 
 
                        
2013
                        
Balance at beginning of period
 
$
11,402
  
$
21,447
  
$
3,378
  
$
144
  
$
7,904
  
$
44,275
 
Additions (deductions)
                        
Provision for loan losses
  
(272
)
  
(139
)
  
375
   
(4
)
  
(651
)
  
(691
)
Recoveries credited to allowance
  
536
   
622
   
286
   
7
   
-
   
1,451
 
Loans charged against the allowance
  
(1,608
)
  
(1,767
)
  
(877
)
  
(18
)
  
-
   
(4,270
)
Balance at end of period
 
$
10,058
  
$
20,163
  
$
3,162
  
$
129
  
$
7,253
  
$
40,765
 
Allowance for loan losses and recorded investment in loans by portfolio segment
Allowance for loan losses and recorded investment in loans by portfolio segment follows:

 
          
Payment
       
 
          
Plan
       
 
 
Commercial
  
Mortgage
  
Installment
  
Receivables
  
Unallocated
  
Total
 
 
 
(In thousands)
 
March 31, 2014
                  
Allowance for loan losses:
                  
Individually evaluated for impairment
 
$
3,289
  
$
10,912
  
$
785
  
$
-
  
$
-
  
$
14,986
 
Collectively evaluated for impairment
  
2,474
   
6,088
   
1,276
   
87
   
5,526
   
15,451
 
Total ending allowance balance
 
$
5,763
  
$
17,000
  
$
2,061
  
$
87
  
$
5,526
  
$
30,437
 
 
                        
Loans
                        
Individually evaluated for impairment
 
$
40,014
  
$
77,159
  
$
7,126
  
$
-
      
$
124,299
 
Collectively evaluated for impairment
  
603,533
   
400,598
   
181,856
   
54,544
       
1,240,531
 
Total loans recorded investment
  
643,547
   
477,757
   
188,982
   
54,544
       
1,364,830
 
Accrued interest included in recorded investment
  
1,496
   
2,177
   
645
   
-
       
4,318
 
Total loans
 
$
642,051
  
$
475,580
  
$
188,337
  
$
54,544
      
$
1,360,512
 
 
                        
December 31, 2013
                        
Allowance for loan losses:
                        
Individually evaluated for impairment
 
$
3,878
  
$
10,488
  
$
792
  
$
-
  
$
-
  
$
15,158
 
Collectively evaluated for impairment
  
2,949
   
6,707
   
1,454
   
97
   
5,960
   
17,167
 
Total ending allowance balance
 
$
6,827
  
$
17,195
  
$
2,246
  
$
97
  
$
5,960
  
$
32,325
 
 
                        
Loans
                        
Individually evaluated for impairment
 
$
40,623
  
$
78,022
  
$
7,068
  
$
-
      
$
125,713
 
Collectively evaluated for impairment
  
596,235
   
410,887
   
185,676
   
60,638
       
1,253,436
 
Total loans recorded investment
  
636,858
   
488,909
   
192,744
   
60,638
       
1,379,149
 
Accrued interest included in recorded investment
  
1,624
   
2,276
   
679
   
-
       
4,579
 
Total loans
 
$
635,234
  
$
486,633
  
$
192,065
  
$
60,638
      
$
1,374,570
 
Loans on non-accrual status and past due more than 90 days
Loans on non-accrual status and past due more than 90 days (“Non-performing Loans”) follow:

 
 
90+ and
     
Total Non-
 
 
 
Still
  
Non-
  
Performing
 
 
 
Accruing
  
Accrual
  
Loans
 
 
 
(In thousands)
 
March 31, 2014
         
Commercial
         
Income producing - real estate
 
$
115
  
$
3,443
  
$
3,558
 
Land, land development and construction - real estate
  
-
   
904
   
904
 
Commercial and industrial
  
-
   
3,351
   
3,351
 
Mortgage
  
.
         
1-4 family
  
-
   
6,655
   
6,655
 
Resort lending
  
-
   
3,371
   
3,371
 
Home equity - 1st lien
  
-
   
430
   
430
 
Home equity - 2nd lien
  
-
   
747
   
747
 
Installment
            
Home equity - 1st lien
  
-
   
859
   
859
 
Home equity - 2nd lien
  
-
   
511
   
511
 
Loans not secured by real estate
  
-
   
432
   
432
 
Other
  
-
   
2
   
2
 
Payment plan receivables
            
Full refund
  
-
   
5
   
5
 
Partial refund
  
-
   
-
   
-
 
Other
  
-
   
1
   
1
 
Total recorded investment
 
$
115
  
$
20,711
  
$
20,826
 
Accrued interest included in recorded investment
 
$
-
  
$
-
  
$
-
 
December 31, 2013
            
Commercial
            
Income producing - real estate
 
$
-
  
$
1,899
  
$
1,899
 
Land, land development and construction - real estate
  
-
   
1,036
   
1,036
 
Commercial and industrial
  
-
   
2,434
   
2,434
 
Mortgage
            
1-4 family
  
-
   
6,594
   
6,594
 
Resort lending
  
-
   
2,668
   
2,668
 
Home equity - 1st lien
  
-
   
415
   
415
 
Home equity - 2nd lien
  
-
   
689
   
689
 
Installment
            
Home equity - 1st lien
  
-
   
938
   
938
 
Home equity - 2nd lien
  
-
   
571
   
571
 
Loans not secured by real estate
  
-
   
638
   
638
 
Other
  
-
   
-
   
-
 
Payment plan receivables
            
Full refund
  
-
   
20
   
20
 
Partial refund
  
-
   
3
   
3
 
Other
  
-
   
-
   
-
 
Total recorded investment
 
$
-
  
$
17,905
  
$
17,905
 
Accrued interest included in recorded investment
 
$
-
  
$
-
  
$
-
 
Aging analysis of loans by class
An aging analysis of loans by class follows:

 
 
Loans Past Due
  
Loans not
  
Total
 
 
 
30-59 days
  
60-89 days
  
90+ days
  
Total
  
Past Due
  
Loans
 
 
 
(In thousands)
 
March 31, 2014
                  
Commercial
                  
Income producing - real estate
 
$
506
  
$
391
  
$
2,505
  
$
3,402
  
$
248,983
  
$
252,385
 
Land, land development and construction - real estate
  
43
   
-
   
328
   
371
   
33,855
   
34,226
 
Commercial and industrial
  
2,235
   
809
   
1,441
   
4,485
   
352,451
   
356,936
 
Mortgage
                        
1-4 family
  
2,440
   
1,284
   
6,655
   
10,379
   
264,136
   
274,515
 
Resort lending
  
1,182
   
235
   
3,371
   
4,788
   
137,395
   
142,183
 
Home equity - 1st lien
  
262
   
-
   
430
   
692
   
18,609
   
19,301
 
Home equity - 2nd lien
  
227
   
318
   
747
   
1,292
   
40,466
   
41,758
 
Installment
                        
Home equity - 1st lien
  
382
   
50
   
859
   
1,291
   
25,042
   
26,333
 
Home equity - 2nd lien
  
188
   
105
   
511
   
804
   
35,698
   
36,502
 
Loans not secured by real estate
  
443
   
259
   
432
   
1,134
   
122,571
   
123,705
 
Other
  
15
   
20
   
2
   
37
   
2,405
   
2,442
 
Payment plan receivables
                        
Full refund
  
1,076
   
192
   
5
   
1,273
   
40,611
   
41,884
 
Partial refund
  
192
   
34
   
-
   
226
   
5,348
   
5,574
 
Other
  
164
   
10
   
1
   
175
   
6,911
   
7,086
 
Total recorded investment
 
$
9,355
  
$
3,707
  
$
17,287
  
$
30,349
  
$
1,334,481
  
$
1,364,830
 
Accrued interest included in recorded investment
 
$
61
  
$
54
  
$
-
  
$
115
  
$
4,203
  
$
4,318
 
 
                        
December 31, 2013
                        
Commercial
                        
Income producing - real estate
 
$
1,014
  
$
428
  
$
878
  
$
2,320
  
$
249,313
  
$
251,633
 
Land, land development and construction - real estate
  
781
   
129
   
256
   
1,166
   
30,670
   
31,836
 
Commercial and industrial
  
1,155
   
1,665
   
318
   
3,138
   
350,251
   
353,389
 
Mortgage
                        
1-4 family
  
3,750
   
224
   
6,594
   
10,568
   
270,855
   
281,423
 
Resort lending
  
698
   
234
   
2,668
   
3,600
   
142,356
   
145,956
 
Home equity - 1st lien
  
172
   
-
   
415
   
587
   
18,214
   
18,801
 
Home equity - 2nd lien
  
663
   
73
   
689
   
1,425
   
41,304
   
42,729
 
Installment
                        
Home equity - 1st lien
  
557
   
134
   
938
   
1,629
   
25,513
   
27,142
 
Home equity - 2nd lien
  
536
   
136
   
571
   
1,243
   
36,701
   
37,944
 
Loans not secured by real estate
  
833
   
281
   
638
   
1,752
   
123,295
   
125,047
 
Other
  
22
   
12
   
-
   
34
   
2,577
   
2,611
 
Payment plan receivables
                        
Full refund
  
1,364
   
349
   
20
   
1,733
   
46,344
   
48,077
 
Partial refund
  
190
   
20
   
3
   
213
   
4,840
   
5,053
 
Other
  
122
   
4
   
-
   
126
   
7,382
   
7,508
 
Total recorded investment
 
$
11,857
  
$
3,689
  
$
13,988
  
$
29,534
  
$
1,349,615
  
$
1,379,149
 
Accrued interest included in recorded investment
 
$
100
  
$
26
  
$
-
  
$
126
  
$
4,453
  
$
4,579
 
Impaired loans
Impaired loans are as follows :

 
 
March 31,
  
December 31,
 
 
 
2014
  
2013
 
Impaired loans with no allocated allowance
 
(In thousands)
 
TDR
 
$
11,911
  
$
13,006
 
Non - TDR
  
911
   
334
 
Impaired loans with an allocated allowance
        
TDR - allowance based on collateral
  
11,435
   
10,085
 
TDR - allowance based on present value cash flow
  
98,187
   
101,131
 
Non - TDR - allowance based on collateral
  
1,433
   
688
 
Non - TDR - allowance based on present value cash flow
  
-
   
-
 
Total impaired loans
 
$
123,877
  
$
125,244
 
 
        
Amount of allowance for loan losses allocated
        
TDR - allowance based on collateral
 
$
3,224
  
$
3,127
 
TDR - allowance based on present value cash flow
  
11,262
   
11,777
 
Non - TDR - allowance based on collateral
  
500
   
254
 
Non - TDR - allowance based on present value cash flow
  
-
   
-
 
Total amount of allowance for loan losses allocated
 
$
14,986
  
$
15,158
 

Impaired loans by class  are as follows (1):

 
 
March 31, 2014
  
December 31, 2013
 
 
    
Unpaid
        
Unpaid
    
 
 
Recorded
  
Principal
  
Related
  
Recorded
  
Principal
  
Related
 
 
 
Investment
  
Balance
  
Allowance
  
Investment
  
Balance
  
Allowance
 
With no related allowance recorded:
 
(In thousands)
    
Commercial
                  
Income producing - real estate
 
$
8,883
  
$
9,151
  
$
-
  
$
7,042
  
$
7,178
  
$
-
 
Land, land development & construction-real estate
  
770
   
1,817
   
-
   
2,185
   
3,217
   
-
 
Commercial and industrial
  
3,166
   
3,136
   
-
   
4,110
   
4,087
   
-
 
Mortgage
                        
1-4 family
  
8
   
8
   
-
   
8
   
8
   
-
 
Resort lending
  
35
   
163
   
-
   
35
   
163
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
   
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
   
-
   
-
 
Installment
                        
Home equity - 1st lien
  
-
   
-
   
-
   
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
   
-
   
-
 
Loans not secured by real estate
  
-
   
-
   
-
   
-
   
-
   
-
 
Other
  
-
   
-
   
-
   
-
   
-
   
-
 
 
  
12,862
   
14,275
   
-
   
13,380
   
14,653
   
-
 
With an allowance recorded:
                        
Commercial
                        
Income producing - real estate
  
13,513
   
14,809
   
1,341
   
14,538
   
15,631
   
1,161
 
Land, land development & construction-real estate
  
4,688
   
5,466
   
725
   
3,366
   
4,130
   
686
 
Commercial and industrial
  
8,994
   
10,098
   
1,223
   
9,382
   
9,529
   
2,031
 
Mortgage
                        
1-4 family
  
57,301
   
60,286
   
7,153
   
57,612
   
60,768
   
7,236
 
Resort lending
  
19,620
   
20,112
   
3,728
   
20,171
   
20,608
   
3,221
 
Home equity - 1st lien
  
153
   
163
   
11
   
154
   
164
   
11
 
Home equity - 2nd lien
  
42
   
118
   
20
   
42
   
118
   
20
 
Installment
                        
Home equity - 1st lien
  
2,881
   
3,053
   
230
   
2,959
   
3,115
   
254
 
Home equity - 2nd lien
  
3,484
   
3,480
   
480
   
3,352
   
3,347
   
462
 
Loans not secured by real estate
  
746
   
914
   
74
   
741
   
902
   
75
 
Other
  
15
   
15
   
1
   
16
   
16
   
1
 
 
  
111,437
   
118,514
   
14,986
   
112,333
   
118,328
   
15,158
 
Total
                        
Commercial
                        
Income producing - real estate
  
22,396
   
23,960
   
1,341
   
21,580
   
22,809
   
1,161
 
Land, land development & construction-real estate
  
5,458
   
7,283
   
725
   
5,551
   
7,347
   
686
 
Commercial and industrial
  
12,160
   
13,234
   
1,223
   
13,492
   
13,616
   
2,031
 
Mortgage
                        
1-4 family
  
57,309
   
60,294
   
7,153
   
57,620
   
60,776
   
7,236
 
Resort lending
  
19,655
   
20,275
   
3,728
   
20,206
   
20,771
   
3,221
 
Home equity - 1st lien
  
153
   
163
   
11
   
154
   
164
   
11
 
Home equity - 2nd lien
  
42
   
118
   
20
   
42
   
118
   
20
 
Installment
                        
Home equity - 1st lien
  
2,881
   
3,053
   
230
   
2,959
   
3,115
   
254
 
Home equity - 2nd lien
  
3,484
   
3,480
   
480
   
3,352
   
3,347
   
462
 
Loans not secured by real estate
  
746
   
914
   
74
   
741
   
902
   
75
 
Other
  
15
   
15
   
1
   
16
   
16
   
1
 
Total
 
$
124,299
  
$
132,789
  
$
14,986
  
$
125,713
  
$
132,981
  
$
15,158
 
 
                        
Accrued interest included in recorded investment
 
$
422
          
$
469
         

(1) There were no impaired payment plan receivables at March 31, 2014 or December 31, 2013.
Average recorded investment in and interest income earned on impaired loans by class
Average recorded investment in and interest income earned on impaired loans by class for the three month periods ending March 31, follows (1):

 
 
2014
  
2013
 
 
 
Average
  
Interest
  
Average
  
Interest
 
 
 
Recorded
  
Income
  
Recorded
  
Income
 
 
 
Investment
  
Recognized
  
Investment
  
Recognized
 
With no related allowance recorded:
 
(In thousands)
 
Commercial
            
Income producing - real estate
 
$
7,963
  
$
175
  
$
4,475
  
$
63
 
Land, land development & construction-real estate
  
1,478
   
43
   
3,127
   
42
 
Commercial and industrial
  
3,638
   
93
   
3,641
   
38
 
Mortgage
                
1-4 family
  
8
   
-
   
-
   
-
 
Resort lending
  
35
   
-
   
18
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
 
Installment
                
Home equity - 1st lien
  
-
   
-
   
2,058
   
24
 
Home equity - 2nd lien
  
-
   
-
   
2,297
   
29
 
Loans not secured by real estate
  
-
   
-
   
608
   
8
 
Other
  
-
   
-
   
20
   
1
 
 
  
13,122
   
311
   
16,244
   
205
 
With an allowance recorded:
                
Commercial
                
Income producing - real estate
  
14,026
   
66
   
21,354
   
137
 
Land, land development & construction-real estate
  
4,027
   
12
   
8,341
   
56
 
Commercial and industrial
  
9,188
   
26
   
15,036
   
140
 
Mortgage
                
1-4 family
  
57,457
   
630
   
63,617
   
706
 
Resort lending
  
19,896
   
191
   
22,973
   
219
 
Home equity - 1st lien
  
154
   
1
   
110
   
1
 
Home equity - 2nd lien
  
42
   
1
   
43
   
1
 
Installment
                
Home equity - 1st lien
  
2,920
   
45
   
1,092
   
12
 
Home equity - 2nd lien
  
3,418
   
49
   
1,150
   
13
 
Loans not secured by real estate
  
744
   
10
   
204
   
2
 
Other
  
16
   
-
   
-
   
-
 
 
  
111,888
   
1,031
   
133,920
   
1,287
 
Total
                
Commercial
                
Income producing - real estate
  
21,989
   
241
   
25,829
   
200
 
Land, land development & construction-real estate
  
5,505
   
55
   
11,468
   
98
 
Commercial and industrial
  
12,826
   
119
   
18,677
   
178
 
Mortgage
                
1-4 family
  
57,465
   
630
   
63,617
   
706
 
Resort lending
  
19,931
   
191
   
22,991
   
219
 
Home equity - 1st lien
  
154
   
1
   
110
   
1
 
Home equity - 2nd lien
  
42
   
1
   
43
   
1
 
Installment
                
Home equity - 1st lien
  
2,920
   
45
   
3,150
   
36
 
Home equity - 2nd lien
  
3,418
   
49
   
3,447
   
42
 
Loans not secured by real estate
  
744
   
10
   
812
   
10
 
Other
  
16
   
-
   
20
   
1
 
Total
 
$
125,010
  
$
1,342
  
$
150,164
  
$
1,492
 

(1)There were no impaired payment plan receivables during the three month periods ended March 31, 2014 and 2013, respectively.
Troubled debt restructurings
Troubled debt restructurings follow:

 
 
March 31, 2014
 
 
 
Commercial
  
Retail
   
Total
 
 
 
(In thousands)
 
Performing TDR's
 
$
32,208
  
$
78,152
   
$
110,360
 
Non-performing TDR's(1)
  
5,354
   
5,819
(2)
   
11,173
 
Total
 
$
37,562
  
$
83,971
   
$
121,533
 
 
             
 
 
December 31, 2013
 
 
 
Commercial
  
Retail
   
Total
 
 
 
(In thousands)
 
Performing TDR's
 
$
35,134
  
$
79,753
   
$
114,887
 
Non-performing TDR's(1)
  
4,347
   
4,988
(2)
   
9,335
 
Total
 
$
39,481
  
$
84,741
   
$
124,222
 
 
(1)Included in non-performing loans table above.
(2)Also includes loans on non-accrual at the time of modification until six payments are received on a timely basis.
Troubled debt restructuring during the period
Loans that have been classified as troubled debt restructurings during the three-month periods ended March 31 follow:

 
    
Pre-modification
  
Post-modification
 
 
 
Number of
  
Recorded
  
Recorded
 
 
 
Contracts
  
Balance
  
Balance
 
 
 
(Dollars in thousands)
 
2014
         
Commercial
         
Income producing - real estate
  
2
  
$
213
  
$
210
 
Land, land development & construction-real estate
  
-
   
-
   
-
 
Commercial and industrial
  
4
   
190
   
189
 
Mortgage
            
1-4 family
  
4
   
724
   
739
 
Resort lending
  
2
   
294
   
293
 
Home equity - 1st lien
  
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
 
Installment
            
Home equity - 1st lien
  
3
   
106
   
78
 
Home equity - 2nd lien
  
3
   
221
   
220
 
Loans not secured by real estate
  
2
   
33
   
29
 
Other
  
-
   
-
   
-
 
Total
  
20
  
$
1,781
  
$
1,758
 
 
            
2013
            
Commercial
            
Income producing - real estate
  
3
  
$
4,083
  
$
3,822
 
Land, land development & construction-real estate
  
1
   
16
   
15
 
Commercial and industrial
  
13
   
840
   
834
 
Mortgage
            
1-4 family
  
7
   
791
   
786
 
Resort lending
  
3
   
799
   
795
 
Home equity - 1st lien
  
1
   
95
   
96
 
Home equity - 2nd lien
  
-
   
-
   
-
 
Installment
            
Home equity - 1st lien
  
7
   
173
   
176
 
Home equity - 2nd lien
  
6
   
148
   
148
 
Loans not secured by real estate
  
2
   
57
   
28
 
Other
  
-
   
-
   
-
 
Total
  
43
  
$
7,002
  
$
6,700
 
Troubled debt restructuring during the past twelve months that subsequently defaulted
Loans that have been classified as troubled debt restructurings during the past twelve months and that have subsequently defaulted during the three-month periods ended March 31 follow:

 
 
Number of
  
Recorded
 
 
 
Contracts
  
Balance
 
 
 
(Dollars in thousands)
 
2014
      
Commercial
      
Income producing - real estate
  
-
  
$
-
 
Land, land development & construction-real estate
  
-
   
-
 
Commercial and industrial
  
-
   
-
 
Mortgage
        
1-4 family
  
-
   
-
 
Resort lending
  
-
   
-
 
Home equity - 1st lien
  
-
   
-
 
Home equity - 2nd lien
  
-
   
-
 
Installment
        
Home equity - 1st lien
  
-
   
-
 
Home equity - 2nd lien
  
-
   
-
 
Loans not secured by real estate
  
-
   
-
 
Other
  
-
   
-
 
 
  
-
  
$
-
 
 
        
2013
        
Commercial
        
Income producing - real estate
  
-
  
$
-
 
Land, land development & construction-real estate
  
1
   
334
 
Commercial and industrial
  
1
   
81
 
Mortgage
        
1-4 family
  
1
   
106
 
Resort lending
  
1
   
156
 
Home equity - 1st lien
  
-
   
-
 
Home equity - 2nd lien
  
-
   
-
 
Installment
        
Home equity - 1st lien
  
-
   
-
 
Home equity - 2nd lien
  
-
   
-
 
Loans not secured by real estate
  
-
   
-
 
Other
  
-
   
-
 
 
  
4
  
$
677
 
Summary of loan ratings by loan class
The following table summarizes loan ratings by loan class for our commercial loan segment:

 
 
Commercial
 
 
 
  
  
Substandard
  
Non-
  
 
 
 
Non-watch
  
Watch
  
Accrual
  
Accrual
  
 
 
 1-6  7-8  9  10-11  
Total
 
 
         
(In thousands)
      
 
March 31, 2014
                 
 
Income producing - real estate
 
$
232,004
  
$
14,954
  
$
1,984
  
$
3,443
  
$
252,385
 
Land, land development and construction - real estate
  
28,003
   
4,874
   
445
   
904
   
34,226
 
Commercial and industrial
  
323,840
   
23,590
   
6,155
   
3,351
   
356,936
 
Total
 
$
583,847
  
$
43,418
  
$
8,584
  
$
7,698
  
$
643,547
 
Accrued interest included in total
 
$
1,336
  
$
130
  
$
30
  
$
-
  
$
1,496
 
 
                    
December 31, 2013
                    
Income producing - real estate
 
$
227,957
  
$
17,882
  
$
3,895
  
$
1,899
  
$
251,633
 
Land, land development and construction - real estate
  
25,654
   
4,829
   
317
   
1,036
   
31,836
 
Commercial and industrial
  
318,183
   
26,303
   
6,469
   
2,434
   
353,389
 
Total
 
$
571,794
  
$
49,014
  
$
10,681
  
$
5,369
  
$
636,858
 
Accrued interest included in total
 
$
1,433
  
$
147
  
$
44
  
$
-
  
$
1,624
 

For each of our mortgage and installment segment classes we generally monitor credit quality based on the credit scores of the borrowers. These credit scores are generally updated at least annually.
The following tables summarize credit scores by loan class for our mortgage and installment loan segments:

  
Mortgage (1)
 
  
  
  
Home
  
Home
  
 
  
  
Resort
  
Equity
  
Equity
  
 
  
1-4 Family
  
Lending
  
1st Lien
  
2nd Lien
  
Total
 
  
(In thousands)
 
March 31, 2014
  
  
  
  
  
 
800 and above
  
$
23,475
  
$
13,325
  
$
3,985
  
$
4,951
  
$
45,736
 
750-799
   
58,164
   
54,523
   
4,885
   
11,518
   
129,090
 
700-749
   
56,805
   
35,389
   
3,266
   
8,186
   
103,646
 
650-699
   
47,072
   
21,516
   
2,305
   
7,184
   
78,077
 
600-649
   
34,714
   
8,144
   
2,545
   
5,101
   
50,504
 
550-599
   
24,248
   
3,035
   
1,122
   
2,415
   
30,820
 
500-549
   
14,486
   
2,253
   
625
   
1,438
   
18,802
 
Under 500
   
9,240
   
1,150
   
322
   
357
   
11,069
 
Unknown
   
6,311
   
2,848
   
246
   
608
   
10,013
 
Total
  
$
274,515
  
$
142,183
  
$
19,301
  
$
41,758
  
$
477,757
 
Accrued interest included in total
  
$
1,274
  
$
614
  
$
88
  
$
201
  
$
2,177
 
                       
December 31, 2013
                     
800 and above
  
$
23,924
  
$
13,487
  
$
3,650
  
$
5,354
  
$
46,415
 
750-799   
60,728
   
56,880
   
4,560
   
11,809
   
133,977
 
700-749
   
58,269
   
35,767
   
3,289
   
8,628
   
105,953
 
650-699
   
49,771
   
21,696
   
2,316
   
7,145
   
80,928
 
600-649
   
34,991
   
8,555
   
2,621
   
5,141
   
51,308
 
550-599
   
24,616
   
3,261
   
1,165
   
2,485
   
31,527
 
500-549
   
14,823
   
2,271
   
644
   
1,560
   
19,298
 
Under 500
   
9,492
   
1,160
   
323
   
360
   
11,335
 
Unknown
   
4,809
   
2,879
   
233
   
247
   
8,168
 
Total
  
$
281,423
  
$
145,956
  
$
18,801
  
$
42,729
  
$
488,909
 
Accrued interest included in total
  
$
1,300
  
$
650
  
$
97
  
$
229
  
$
2,276
 
 
(1) Credit scores have been updated within the last twelve months.
  
Installment(1)
 
  
Home
  
Home
  
Loans not
  
  
 
  
Equity
  
Equity
  
Secured by
  
  
 
  
1st Lien
  
2nd Lien
  
Real Estate
  
Other
  
Total
 
  
(In thousands)
 
March 31, 2014
  
  
  
  
  
 
800 and above
  
$
2,820
  
$
2,925
  
$
23,090
  
$
49
  
$
28,884
 
750-799
   
6,405
   
10,735
   
49,649
   
568
   
67,357
 
700-749
   
4,317
   
9,392
   
25,296
   
636
   
39,641
 
650-699
   
4,630
   
6,483
   
14,850
   
568
   
26,531
 
600-649
   
3,054
   
2,700
   
4,914
   
238
   
10,906
 
550-599
   
2,778
   
1,920
   
2,375
   
198
   
7,271
 
500-549
   
1,437
   
1,617
   
1,594
   
121
   
4,769
 
Under 500
   
733
   
689
   
481
   
26
   
1,929
 
Unknown
   
159
   
41
   
1,456
   
38
   
1,694
 
Total
  
$
26,333
  
$
36,502
  
$
123,705
  
$
2,442
  
$
188,982
 
Accrued interest included in total
  
$
105
  
$
135
  
$
386
  
$
19
  
$
645
 
                       
December 31, 2013
                     
800 and above
  
$
2,977
  
$
3,062
  
$
23,649
  
$
53
  
$
29,741
 
750-799
   
6,585
   
11,197
   
48,585
   
557
   
66,924
 
700-749
   
4,353
   
9,487
   
25,343
   
683
   
39,866
 
650-699
   
4,815
   
6,832
   
15,256
   
646
   
27,549
 
600-649
   
3,173
   
2,824
   
5,289
   
258
   
11,544
 
550-599
   
2,843
   
2,084
   
2,785
   
213
   
7,925
 
500-549
   
1,483
   
1,715
   
1,732
   
130
   
5,060
 
Under 500
   
751
   
663
   
516
   
29
   
1,959
 
Unknown
   
162
   
80
   
1,892
   
42
   
2,176
 
Total
  
$
27,142
  
$
37,944
  
$
125,047
  
$
2,611
  
$
192,744
 
Accrued interest included in total
  
$
114
  
$
144
  
$
399
  
$
22
  
$
679
 
 
(1) Credit scores have been updated within the last twelve months.

Mepco Finance Corporation (“Mepco”) is a wholly-owned subsidiary of our Bank that operates a vehicle service contract payment plan business throughout the United States. See Note #14 for more information about Mepco’s business. As of March 31, 2014, approximately 76.8% of Mepco’s outstanding payment plan receivables relate to programs in which a third party insurer or risk retention group is obligated to pay Mepco the full refund owing upon cancellation of the related service contract (including with respect to both the portion funded to the service contract seller and the portion funded to the administrator). These receivables are shown as “Full Refund” in the table below. Another approximately 10.2% of Mepco’s outstanding payment plan receivables as of March 31, 2014, relate to programs in which a third party insurer or risk retention group is obligated to pay Mepco the refund owing upon cancellation only with respect to the unearned portion previously funded by Mepco to the administrator (but not to the service contract seller). These receivables are shown as “Partial Refund” in the table below. The balance of Mepco’s outstanding payment plan receivables relate to programs in which there is no insurer or risk retention group that has any contractual liability to Mepco for any portion of the refund amount. These receivables are shown as “Other” in the table below. For each class of our payment plan receivables we monitor financial information on the counterparties as we evaluate the credit quality of this portfolio.
The following table summarizes credit ratings of insurer or risk retention group counterparties by class of payment plan receivable:

  
Payment Plan Receivables
 
  
Full
  
Partial
  
  
 
  
Refund
  
Refund
  
Other
  
Total
 
  
(In thousands)
 
March 31, 2014
  
  
  
  
 
AM Best rating
  
  
  
  
 
A+
 
$
-
  
$
20
  
$
-
  
$
20
 
A
  
17,174
   
4,565
   
-
   
21,739
 
A-
   
2,623
   
989
   
7,080
   
10,692
 
Not rated
   
22,087
   
-
   
6
   
22,093
 
Total
  
$
41,884
  
$
5,574
  
$
7,086
  
$
54,544
 
                   
December 31, 2013
                 
AM Best rating
                 
A
 
$
20,203
  
$
4,221
  
$
-
  
$
24,424
 
A-
   
4,058
   
832
   
7,496
   
12,386
 
Not rated
   
23,816
   
-
   
12
   
23,828
 
Total
  
$
48,077
  
$
5,053
  
$
7,508
  
$
60,638