XML 21 R25.htm IDEA: XBRL DOCUMENT v2.4.1.9
Loans (Tables)
 3 Months Ended
Mar. 31, 2015
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:

  
Commercial
  
Mortgage
  
Installment
  
Payment
Plan
Receivables
  
Unallocated
  
Total
 
  
(In thousands)
 
2015
            
Balance at beginning of period
 
$
5,445
  
$
13,444
  
$
1,814
  
$
64
  
$
5,223
  
$
25,990
 
Additions (deductions)
                        
Provision for loan losses
  
328
   
(733
)
  
(85
)
  
(2
)
  
(167
)
  
(659
)
Recoveries credited to allowance
  
433
   
238
   
319
   
-
   
-
   
990
 
Loans charged against the allowance
  
(290
)
  
(868
)
  
(484
)
  
-
   
-
   
(1,642
)
Balance at end of period
 
$
5,916
  
$
12,081
  
$
1,564
  
$
62
  
$
5,056
  
$
24,679
 
                         
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
 
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:

  
Commercial
  
Mortgage
  
Installment
  
Payment
Plan
Receivables
  
Unallocated
  
Total
 
  
(In thousands)
 
March 31, 2015
            
Allowance for loan losses
            
Individually evaluated for impairment
 
$
3,214
  
$
8,612
  
$
654
  
$
-
  
$
-
  
$
12,480
 
Collectively evaluated for impairment
  
2,702
   
3,469
   
910
   
62
   
5,056
   
12,199
 
Total ending allowance balance
 
$
5,916
  
$
12,081
  
$
1,564
  
$
62
  
$
5,056
  
$
24,679
 
                         
Loans
                        
Individually evaluated for impairment
 
$
32,633
  
$
70,478
  
$
6,461
  
$
-
      
$
109,572
 
Collectively evaluated for impairment
  
679,319
   
397,551
   
202,158
   
38,767
       
1,317,795
 
Total loans recorded investment
  
711,952
   
468,029
   
208,619
   
38,767
       
1,427,367
 
Accrued interest included in recorded investment
  
1,629
   
2,122
   
657
   
-
       
4,408
 
Total loans
 
$
710,323
  
$
465,907
  
$
207,962
  
$
38,767
      
$
1,422,959
 
                         
December 31, 2014
                        
Allowance for loan losses
                        
Individually evaluated for impairment
 
$
3,194
  
$
9,311
  
$
728
  
$
-
  
$
-
  
$
13,233
 
Collectively evaluated for impairment
  
2,251
   
4,133
   
1,086
   
64
   
5,223
   
12,757
 
Total ending allowance balance
 
$
5,445
  
$
13,444
  
$
1,814
  
$
64
  
$
5,223
  
$
25,990
 
                         
Loans
                        
Individually evaluated for impairment
 
$
34,147
  
$
72,340
  
$
6,679
  
$
-
      
$
113,166
 
Collectively evaluated for impairment
  
658,423
   
402,458
   
200,368
   
40,001
       
1,301,250
 
Total loans recorded investment
  
692,570
   
474,798
   
207,047
   
40,001
       
1,414,416
 
Accrued interest included in recorded investment
  
1,615
   
2,170
   
669
   
-
       
4,454
 
Total loans
 
$
690,955
  
$
472,628
  
$
206,378
  
$
40,001
      
$
1,409,962
 
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
Still
Accruing
  
Non-
Accrual
  
Total Non-
Performing
Loans
 
  
(In thousands)
 
March 31, 2015
      
Commercial
      
Income producing - real estate
 
$
-
  
$
1,187
  
$
1,187
 
Land, land development and construction - real estate
  
-
   
575
   
575
 
Commercial and industrial
  
197
   
2,749
   
2,946
 
Mortgage
  
 
         
1-4 family
  
-
   
6,235
   
6,235
 
Resort lending
  
-
   
1,815
   
1,815
 
Home equity - 1st lien
  
-
   
267
   
267
 
Home equity - 2nd lien
  
-
   
366
   
366
 
Installment
            
Home equity - 1st lien
  
-
   
290
   
290
 
Home equity - 2nd lien
  
-
   
528
   
528
 
Loans not secured by real estate
  
-
   
562
   
562
 
Other
  
-
   
8
   
8
 
Payment plan receivables
            
Full refund
  
-
   
7
   
7
 
Partial refund
  
-
   
1
   
1
 
Other
  
-
   
3
   
3
 
Total recorded investment
 
$
197
  
$
14,593
  
$
14,790
 
Accrued interest included in recorded investment
 
$
3
  
$
-
  
$
3
 
December 31, 2014
            
Commercial
            
Income producing - real estate
 
$
-
  
$
1,233
  
$
1,233
 
Land, land development and construction - real estate
  
-
   
594
   
594
 
Commercial and industrial
  
-
   
2,746
   
2,746
 
Mortgage
            
1-4 family
  
7
   
5,945
   
5,952
 
Resort lending
  
-
   
2,168
   
2,168
 
Home equity - 1st lien
  
-
   
331
   
331
 
Home equity - 2nd lien
  
-
   
605
   
605
 
Installment
            
Home equity - 1st lien
  
-
   
576
   
576
 
Home equity - 2nd lien
  
-
   
517
   
517
 
Loans not secured by real estate
  
-
   
454
   
454
 
Other
  
-
   
48
   
48
 
Payment plan receivables
            
Full refund
  
-
   
2
   
2
 
Partial refund
  
-
   
12
   
12
 
Other
  
-
   
-
   
-
 
Total recorded investment
 
$
7
  
$
15,231
  
$
15,238
 
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
Past Due
  
Total
Loans
 
  
30-59 days
  
60-89 days
  
90+ days
  
Total
     
  
(In thousands)
 
March 31, 2015
            
Commercial
            
Income producing - real estate
 
$
268
  
$
-
  
$
214
  
$
482
  
$
271,395
  
$
271,877
 
Land, land development and construction - real estate
  
124
   
-
   
217
   
341
   
32,150
   
32,491
 
Commercial and industrial
  
288
   
278
   
1,101
   
1,667
   
405,917
   
407,584
 
Mortgage
                        
1-4 family
  
2,390
   
468
   
6,235
   
9,093
   
267,027
   
276,120
 
Resort lending
  
865
   
283
   
1,815
   
2,963
   
121,834
   
124,797
 
Home equity - 1st lien
  
41
   
113
   
267
   
421
   
20,238
   
20,659
 
Home equity - 2nd lien
  
396
   
111
   
366
   
873
   
45,580
   
46,453
 
Installment
                        
Home equity - 1st lien
  
186
   
12
   
290
   
488
   
20,562
   
21,050
 
Home equity - 2nd lien
  
193
   
115
   
528
   
836
   
26,078
   
26,914
 
Loans not secured by real estate
  
355
   
21
   
562
   
938
   
157,516
   
158,454
 
Other
  
1
   
18
   
8
   
27
   
2,174
   
2,201
 
Payment plan receivables
                        
Full refund
  
596
   
113
   
7
   
716
   
23,941
   
24,657
 
Partial refund
  
376
   
63
   
1
   
440
   
8,577
   
9,017
 
Other
  
120
   
22
   
3
   
145
   
4,948
   
5,093
 
Total recorded investment
 
$
6,199
  
$
1,617
  
$
11,614
  
$
19,430
  
$
1,407,937
  
$
1,427,367
 
Accrued interest included in recorded investment
 
$
50
  
$
20
  
$
3
  
$
73
  
$
4,335
  
$
4,408
 
December 31, 2014
                        
Commercial
                        
Income producing - real estate
 
$
89
  
$
-
  
$
214
  
$
303
  
$
252,763
  
$
253,066
 
Land, land development and construction - real estate
  
131
   
-
   
223
   
354
   
33,984
   
34,338
 
Commercial and industrial
  
2,391
   
279
   
209
   
2,879
   
402,287
   
405,166
 
Mortgage
                        
1-4 family
  
1,877
   
1,638
   
5,952
   
9,467
   
269,719
   
279,186
 
Resort lending
  
226
   
-
   
2,168
   
2,394
   
126,342
   
128,736
 
Home equity - 1st lien
  
39
   
50
   
331
   
420
   
19,782
   
20,202
 
Home equity - 2nd lien
  
711
   
89
   
605
   
1,405
   
45,269
   
46,674
 
Installment
                        
Home equity - 1st lien
  
466
   
37
   
576
   
1,079
   
20,995
   
22,074
 
Home equity - 2nd lien
  
369
   
81
   
517
   
967
   
28,125
   
29,092
 
Loans not secured by real estate
  
589
   
231
   
454
   
1,274
   
152,115
   
153,389
 
Other
  
15
   
3
   
48
   
66
   
2,426
   
2,492
 
Payment plan receivables
                        
Full refund
  
838
   
214
   
2
   
1,054
   
26,799
   
27,853
 
Partial refund
  
409
   
123
   
12
   
544
   
6,550
   
7,094
 
Other
  
96
   
24
   
-
   
120
   
4,934
   
5,054
 
Total recorded investment
 
$
8,246
  
$
2,769
  
$
11,311
  
$
22,326
  
$
1,392,090
  
$
1,414,416
 
Accrued interest included in recorded investment
 
$
55
  
$
29
  
$
-
  
$
84
  
$
4,370
  
$
4,454
 
Impaired loans
Impaired loans are as follows :

  
March 31,
2015
  
December 31,
2014
 
Impaired loans with no allocated allowance
 
(In thousands)
 
TDR
 
$
9,402
  
$
9,325
 
Non - TDR
  
316
   
299
 
Impaired loans with an allocated allowance
        
TDR - allowance based on collateral
  
5,184
   
5,879
 
TDR - allowance based on present value cash flow
  
91,924
   
94,970
 
Non - TDR - allowance based on collateral
  
2,387
   
2,296
 
Non - TDR - allowance based on present value cash flow
  
-
   
-
 
Total impaired loans
 
$
109,213
  
$
112,769
 
         
Amount of allowance for loan losses allocated
        
TDR - allowance based on collateral
 
$
1,707
  
$
2,025
 
TDR - allowance based on present value cash flow
  
9,704
   
10,188
 
Non - TDR - allowance based on collateral
  
1,069
   
1,020
 
Non - TDR - allowance based on present value cash flow
  
-
   
-
 
Total amount of allowance for loan losses allocated
 
$
12,480
  
$
13,233
 
 
Impaired loans by class are as follows (1):

  
March 31, 2015
  
December 31, 2014
 
  
Recorded
Investment
  
Unpaid
Principal
Balance
  
Related
Allowance
  
Recorded
Investment
  
Unpaid
Principal
Balance
  
Related
Allowance
 
With no related allowance recorded:
 
(In thousands)
 
Commercial
            
Income producing - real estate
 
$
5,827
  
$
6,046
  
$
-
  
$
5,868
  
$
6,077
  
$
-
 
Land, land development & construction-real estate
  
1,030
   
1,591
   
-
   
1,051
   
1,606
   
-
 
Commercial and industrial
  
2,851
   
2,843
   
-
   
2,685
   
2,667
   
-
 
Mortgage
                        
1-4 family
  
25
   
66
   
-
   
-
   
49
   
-
 
Resort lending
  
13
   
96
   
-
   
48
   
397
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
   
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
   
-
   
-
 
Installment
                        
Home equity - 1st lien
  
-
   
39
   
-
   
-
   
40
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
   
-
   
-
 
Loans not secured by real estate
  
-
   
-
   
-
   
-
   
-
   
-
 
Other
  
-
   
-
   
-
   
-
   
-
   
-
 
   
9,746
   
10,681
   
-
   
9,652
   
10,836
   
-
 
With an allowance recorded:
                        
Commercial
                        
Income producing - real estate
  
12,861
   
13,842
   
733
   
12,836
   
13,797
   
689
 
Land, land development & construction-real estate
  
1,961
   
2,043
   
394
   
3,456
   
3,528
   
499
 
Commercial and industrial
  
8,103
   
8,361
   
2,087
   
8,251
   
8,486
   
2,006
 
Mortgage
                        
1-4 family
  
51,695
   
54,501
   
5,753
   
53,206
   
56,063
   
6,195
 
Resort lending
  
18,464
   
18,629
   
2,835
   
18,799
   
18,963
   
3,075
 
Home equity - 1st lien
  
161
   
177
   
13
   
162
   
177
   
14
 
Home equity - 2nd lien
  
120
   
202
   
11
   
125
   
205
   
27
 
Installment
                        
Home equity - 1st lien
  
2,637
   
2,864
   
179
   
2,744
   
2,930
   
219
 
Home equity - 2nd lien
  
3,136
   
3,145
   
425
   
3,212
   
3,215
   
419
 
Loans not secured by real estate
  
677
   
784
   
49
   
711
   
835
   
89
 
Other
  
11
   
11
   
1
   
12
   
12
   
1
 
   
99,826
   
104,559
   
12,480
   
103,514
   
108,211
   
13,233
 
Total
                        
Commercial
                        
Income producing - real estate
  
18,688
   
19,888
   
733
   
18,704
   
19,874
   
689
 
Land, land development & construction-real estate
  
2,991
   
3,634
   
394
   
4,507
   
5,134
   
499
 
Commercial and industrial
  
10,954
   
11,204
   
2,087
   
10,936
   
11,153
   
2,006
 
Mortgage
                        
1-4 family
  
51,720
   
54,567
   
5,753
   
53,206
   
56,112
   
6,195
 
Resort lending
  
18,477
   
18,725
   
2,835
   
18,847
   
19,360
   
3,075
 
Home equity - 1st lien
  
161
   
177
   
13
   
162
   
177
   
14
 
Home equity - 2nd lien
  
120
   
202
   
11
   
125
   
205
   
27
 
Installment
                        
Home equity - 1st lien
  
2,637
   
2,903
   
179
   
2,744
   
2,970
   
219
 
Home equity - 2nd lien
  
3,136
   
3,145
   
425
   
3,212
   
3,215
   
419
 
Loans not secured by real estate
  
677
   
784
   
49
   
711
   
835
   
89
 
Other
  
11
   
11
   
1
   
12
   
12
   
1
 
Total
 
$
109,572
  
$
115,240
  
$
12,480
  
$
113,166
  
$
119,047
  
$
13,233
 
                         
Accrued interest included in recorded investment
 
$
359
          
$
397
         
 
(1)
There were no impaired payment plan receivables at March 31, 2015 or December 31, 2014.
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):

  
2015
  
2014
 
  
Average
Recorded
Investment
  
Interest
Income
Recognized
  
Average
Recorded
Investment
  
Interest
Income
Recognized
 
With no related allowance recorded:
 
(In thousands)
 
Commercial
        
Income producing - real estate
 
$
5,848
  
$
53
  
$
7,963
  
$
175
 
Land, land development & construction-real estate
  
1,041
   
34
   
1,478
   
43
 
Commercial and industrial
  
2,768
   
37
   
3,638
   
93
 
Mortgage
                
1-4 family
  
13
   
-
   
8
   
-
 
Resort lending
  
31
   
-
   
35
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
 
Installment
                
Home equity - 1st lien
  
-
   
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
 
Loans not secured by real estate
  
-
   
-
   
-
   
-
 
Other
  
-
   
-
   
-
   
-
 
   
9,701
   
124
   
13,122
   
311
 
With an allowance recorded:
                
Commercial
                
Income producing - real estate
  
12,849
   
157
   
14,026
   
66
 
Land, land development & construction-real estate
  
2,709
   
14
   
4,027
   
12
 
Commercial and industrial
  
8,177
   
66
   
9,188
   
26
 
Mortgage
                
1-4 family
  
52,451
   
551
   
57,457
   
630
 
Resort lending
  
18,632
   
171
   
19,896
   
191
 
Home equity - 1st lien
  
162
   
2
   
154
   
1
 
Home equity - 2nd lien
  
123
   
2
   
42
   
1
 
Installment
                
Home equity - 1st lien
  
2,691
   
50
   
2,920
   
45
 
Home equity - 2nd lien
  
3,174
   
51
   
3,418
   
49
 
Loans not secured by real estate
  
694
   
10
   
744
   
10
 
Other
  
12
   
-
   
16
   
-
 
   
101,674
   
1,074
   
111,888
   
1,031
 
Total
                
Commercial
                
Income producing - real estate
  
18,697
   
210
   
21,989
   
241
 
Land, land development & construction-real estate
  
3,750
   
48
   
5,505
   
55
 
Commercial and industrial
  
10,945
   
103
   
12,826
   
119
 
Mortgage
                
1-4 family
  
52,464
   
551
   
57,465
   
630
 
Resort lending
  
18,663
   
171
   
19,931
   
191
 
Home equity - 1st lien
  
162
   
2
   
154
   
1
 
Home equity - 2nd lien
  
123
   
2
   
42
   
1
 
Installment
                
Home equity - 1st lien
  
2,691
   
50
   
2,920
   
45
 
Home equity - 2nd lien
  
3,174
   
51
   
3,418
   
49
 
Loans not secured by real estate
  
694
   
10
   
744
   
10
 
Other
  
12
   
-
   
16
   
-
 
Total
 
$
111,375
  
$
1,198
  
$
125,010
  
$
1,342
 

(1)
There were no impaired payment plan receivables during the three month periods ended March 31, 2015 and 2014, respectively.
Troubled debt restructurings
Troubled debt restructurings follow:

  
March 31, 2015
 
  
Commercial
  
Retail
  
Total
 
  
(In thousands)
 
Performing TDRs
 
$
27,904
  
$
71,477
  
$
99,381
 
Non-performing TDRs(1)
  
1,935
   
5,194
 (2)  
7,129
 
Total
 
$
29,839
  
$
76,671
  
$
106,510
 
             
  
December 31, 2014
 
  
Commercial
  
Retail
  
Total
 
  
(In thousands)
 
Performing TDRs
 
$
29,475
  
$
73,496
  
$
102,971
 
Non-performing TDRs(1)
  
1,978
   
5,225
 (2)   
7,203
 
Total
 
$
31,453
  
$
78,721
  
$
110,174
 
(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:

  
Number of
Contracts
  
Pre-modification
Recorded Balance
  
Post-modification
Recorded
Balance
 
  
(Dollars in thousands)
 
2015
      
Commercial
      
Income producing - real estate
  
1
  
$
156
  
$
164
 
Land, land development & construction-real estate
  
-
   
-
   
-
 
Commercial and industrial
  
2
   
236
   
234
 
Mortgage
            
1-4 family
  
5
   
1,005
   
805
 
Resort lending
  
-
   
-
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
 
Installment
            
Home equity - 1st lien
  
4
   
167
   
140
 
Home equity - 2nd lien
  
-
   
-
   
-
 
Loans not secured by real estate
  
-
   
-
   
-
 
Other
  
-
   
-
   
-
 
Total
  
12
  
$
1,564
  
$
1,343
 
             
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
 
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
Contracts
  
Recorded
Balance
 
  
(Dollars in thousands)
 
2015
    
Commercial
    
Income producing - real estate
  
-
  
$
-
 
Land, land development & construction-real estate
  
-
   
-
 
Commercial and industrial
  
1
   
91
 
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
  
-
   
-
 
   
1
  
$
91
 
         
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
  
-
   
-
 
   
-
  
$
-
 
Summary of loan ratings by loan class
The following table summarizes loan ratings by loan class for our commercial loan segment:

  
Commercial
 
  
Non-watch
1-6
  
Watch
7-8
  
Substandard
Accrual
9
  
Non-
Accrual
10-11
  
Total
 
  (In thousands) 
March 31, 2015
          
Income producing - real estate
 
$
260,434
  
$
8,304
  
$
1,952
  
$
1,187
  
$
271,877
 
Land, land development and construction - real estate
  
29,394
   
2,268
   
255
   
574
   
32,491
 
Commercial and industrial
  
373,166
   
26,594
   
5,074
   
2,750
   
407,584
 
Total
 
$
662,994
  
$
37,166
  
$
7,281
  
$
4,511
  
$
711,952
 
Accrued interest included in total
 
$
1,491
  
$
113
  
$
25
  
$
-
  
$
1,629
 
                     
December 31, 2014
                    
Income producing - real estate
 
$
241,266
  
$
8,649
  
$
1,918
  
$
1,233
  
$
253,066
 
Land, land development and construction - real estate
  
30,869
   
2,485
   
390
   
594
   
34,338
 
Commercial and industrial
  
372,947
   
23,475
   
5,998
   
2,746
   
405,166
 
Total
 
$
645,082
  
$
34,609
  
$
8,306
  
$
4,573
  
$
692,570
 
Accrued interest included in total
 
$
1,479
  
$
111
  
$
25
  
$
-
  
$
1,615
 
 
The following tables summarize credit scores by loan class for our mortgage and installment loan segments:

  
Mortgage (1)
 
  
1-4 Family
  
Resort
Lending
  
Home
Equity
1st Lien
  
Home
Equity
2nd Lien
  
Total
 
  
(In thousands)
 
March 31, 2015
          
   800 and above
 
$
26,878
  
$
14,188
  
$
3,995
  
$
5,937
  
$
50,998
 
   750-799
  
71,729
   
44,161
   
6,102
   
14,865
   
136,857
 
   700-749
  
52,139
   
31,539
   
3,307
   
9,958
   
96,943
 
   650-699
  
51,460
   
19,931
   
3,408
   
8,144
   
82,943
 
   600-649
  
27,520
   
6,295
   
1,716
   
3,768
   
39,299
 
   550-599
  
20,748
   
3,529
   
1,016
   
1,676
   
26,969
 
   500-549
  
14,367
   
2,117
   
603
   
1,286
   
18,373
 
   Under 500
  
6,207
   
873
   
269
   
627
   
7,976
 
   Unknown
  
5,072
   
2,164
   
243
   
192
   
7,671
 
      Total
 
$
276,120
  
$
124,797
  
$
20,659
  
$
46,453
  
$
468,029
 
Accrued interest included in total
 
$
1,293
  
$
540
  
$
91
  
$
198
  
$
2,122
 
                     
December 31, 2014
                    
   800 and above
 
$
27,918
  
$
14,484
  
$
3,863
  
$
6,225
  
$
52,490
 
   750-799
  
72,674
   
45,950
   
6,128
   
14,323
   
139,075
 
   700-749
  
52,843
   
32,660
   
3,054
   
9,642
   
98,199
 
   650-699
  
51,664
   
20,250
   
3,257
   
8,194
   
83,365
 
   600-649
  
27,770
   
6,538
   
1,704
   
3,862
   
39,874
 
   550-599
  
21,361
   
3,639
   
994
   
1,721
   
27,715
 
   500-549
  
14,575
   
2,156
   
699
   
1,401
   
18,831
 
   Under 500
  
6,306
   
875
   
261
   
632
   
8,074
 
   Unknown
  
4,075
   
2,184
   
242
   
674
   
7,175
 
      Total
 
$
279,186
  
$
128,736
  
$
20,202
  
$
46,674
  
$
474,798
 
Accrued interest included in total
 
$
1,311
  
$
562
  
$
88
  
$
209
  
$
2,170
 

(1)
Credit scores have been updated within the last twelve months.
 
  
Installment(1)
 
  
Home
Equity
1st Lien
  
Home
Equity
2nd Lien
  
Loans not
Secured by
Real Estate
  
Other
  
Total
 
  
(In thousands)
 
March 31, 2015
          
800 and above
 
$
2,108
  
$
2,653
  
$
32,402
  
$
60
  
$
37,223
 
750-799
  
5,471
   
7,843
   
70,089
   
491
   
83,894
 
700-749
  
2,960
   
5,712
   
29,787
   
620
   
39,079
 
650-699
  
3,801
   
5,135
   
15,699
   
529
   
25,164
 
600-649
  
3,276
   
2,281
   
4,755
   
236
   
10,548
 
550-599
  
1,942
   
1,864
   
1,703
   
128
   
5,637
 
500-549
  
1,040
   
981
   
1,503
   
77
   
3,601
 
Under 500
  
385
   
408
   
408
   
27
   
1,228
 
Unknown
  
67
   
37
   
2,108
   
33
   
2,245
 
Total
 
$
21,050
  
$
26,914
  
$
158,454
  
$
2,201
  
$
208,619
 
Accrued interest included in total
 
$
84
  
$
100
  
$
456
  
$
17
  
$
657
 
                     
December 31, 2014
                    
800 and above
 
$
2,272
  
$
2,835
  
$
31,507
  
$
60
  
$
36,674
 
750-799
  
5,677
   
8,557
   
66,558
   
583
   
81,375
 
700-749
  
3,111
   
6,358
   
28,179
   
689
   
38,337
 
650-699
  
3,963
   
5,477
   
16,152
   
615
   
26,207
 
600-649
  
3,434
   
2,408
   
5,128
   
255
   
11,225
 
550-599
  
2,019
   
1,913
   
1,896
   
134
   
5,962
 
500-549
  
1,128
   
1,036
   
1,672
   
84
   
3,920
 
Under 500
  
393
   
427
   
455
   
28
   
1,303
 
Unknown
  
77
   
81
   
1,842
   
44
   
2,044
 
Total
 
$
22,074
  
$
29,092
  
$
153,389
  
$
2,492
  
$
207,047
 
Accrued interest included in total
 
$
93
  
$
112
  
$
445
  
$
19
  
$
669
 

(1)
Credit scores have been updated within the last twelve months.
 
The following table summarizes credit ratings of insurer or risk retention group counterparties by class of payment plan receivable:

  
Payment Plan Receivables
 
  
Full
Refund
  
Partial
Refund
  
Other
  
Total
 
  
(In thousands)
 
March 31, 2015
        
AM Best rating
        
   A+
 
$
-
  
$
28
  
$
-
  
$
28
 
   A
  
6,710
   
8,163
   
-
   
14,873
 
   A-
  
2,354
   
687
   
5,093
   
8,134
 
   Not rated
  
15,593
   
139
   
-
   
15,732
 
      Total
 
$
24,657
  
$
9,017
  
$
5,093
  
$
38,767
 
                 
December 31, 2014
                
AM Best rating
                
   A+
 
$
-
  
$
43
  
$
-
  
$
43
 
   A
  
10,007
   
6,190
   
-
   
16,197
 
   A-
  
1,989
   
685
   
5,054
   
7,728
 
   Not rated
  
15,857
   
176
   
-
   
16,033
 
      Total
 
$
27,853
  
$
7,094
  
$
5,054
  
$
40,001