XML 38 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
Loans (Tables)
 9 Months Ended
Sep. 30, 2017
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 September 30, follows:

  
Commercial
  
Mortgage
  
Installment
  
Payment
Plan
Receivables(1)
  
Subjective
Allocation
  
Total
 
  
(In thousands)
 
2017
                  
Balance at beginning of period
 
$
5,100
  
$
8,145
  
$
900
  
$
-
  
$
6,441
  
$
20,586
 
Additions (deductions) Provision for loan losses
  
(97
)
  
68
   
(33
)
  
-
   
644
   
582
 
Recoveries credited to the allowance
  
340
   
587
   
285
   
-
   
-
   
1,212
 
Loans charged against the allowance
  
(92
)
  
(471
)
  
(339
)
  
-
   
-
   
(902
)
 Balance at end of period
 
$
5,251
  
$
8,329
  
$
813
  
$
-
  
$
7,085
  
$
21,478
 
                         
2016
                        
Balance at beginning of period
 
$
6,039
  
$
9,956
  
$
1,139
  
$
52
  
$
5,526
  
$
22,712
 
Additions (deductions) Provision for loan losses
  
(153
)
  
(247
)
  
208
   
-
   
17
   
(175
)
Recoveries credited to the allowance
  
474
   
195
   
236
   
-
   
-
   
905
 
Loans charged against the allowance
  
(365
)
  
(561
)
  
(473
)
  
-
   
-
   
(1,399
)
Balance at end of period
 
$
5,995
  
$
9,343
  
$
1,110
  
$
52
  
$
5,543
  
$
22,043
 
 
(1)
Payment plan receivables were reclassified to held for sale at December 31, 2016.  See note #15.
 
An analysis of the allowance for loan losses by portfolio segment for the nine months ended September 30, follows:

  
Commercial
  
Mortgage
  
Installment
  
Payment
Plan
Receivables(1)
  
Subjective
Allocation
  
Total
 
  
(In thousands)
 
2017
                  
Balance at beginning of period
 
$
4,880
  
$
8,681
  
$
1,011
  
$
-
  
$
5,662
  
$
20,234
 
Additions (deductions) Provision for loan losses
  
(197
)
  
(593
)
  
173
   
-
   
1,423
   
806
 
Recoveries credited to the allowance
  
946
   
1,264
   
788
   
-
   
-
   
2,998
 
Loans charged against the allowance
  
(378
)
  
(1,023
)
  
(1,159
)
  
-
   
-
   
(2,560
)
Balance at end of period
 
$
5,251
  
$
8,329
  
$
813
  
$
-
  
$
7,085
  
$
21,478
 
                         
2016
                        
Balance at beginning of period
 
$
5,670
  
$
10,391
  
$
1,181
  
$
56
  
$
5,272
  
$
22,570
 
Additions (deductions) Provision for loan losses
  
(1,220
)
  
(885
)
  
399
   
(4
)
  
271
   
(1,439
)
Recoveries credited to the allowance
  
1,944
   
871
   
808
   
-
   
-
   
3,623
 
Loans charged against the allowance
  
(399
)
  
(1,034
)
  
(1,278
)
  
-
   
-
   
(2,711
)
Balance at end of period
 
$
5,995
  
$
9,343
  
$
1,110
  
$
52
  
$
5,543
  
$
22,043
 
 
(1)
Payment plan receivables were reclassified to held for sale at December 31, 2016.  See note #15.
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
  
Subjective
Allocation
  
Total
 
  
(In thousands)
 
September 30, 2017
               
Allowance for loan losses
                    
Individually evaluated for impairment
 
$
967
  
$
5,823
  
$
271
  
$
-
  
$
7,061
 
Collectively evaluated for impairment
  
4,284
   
2,506
   
542
   
7,085
   
14,417
 
Total ending allowance balance
 
$
5,251
  
$
8,329
  
$
813
  
$
7,085
  
$
21,478
 
                     
Loans
                    
Individually evaluated for impairment
 
$
10,257
  
$
54,322
  
$
4,215
      
$
68,794
 
Collectively evaluated for impairment
  
829,073
   
730,050
   
315,146
       
1,874,269
 
Total loans recorded investment
  
839,330
   
784,372
   
319,361
       
1,943,063
 
Accrued interest included in recorded investment
  
2,080
   
3,026
   
863
       
5,969
 
Total loans
 
$
837,250
  
$
781,346
  
$
318,498
      
$
1,937,094
 
                     
December 31, 2016
                    
Allowance for loan losses
                    
Individually evaluated for impairment
 
$
2,244
  
$
6,579
  
$
329
  
$
-
  
$
9,152
 
Collectively evaluated for impairment
  
2,636
   
2,102
   
682
   
5,662
   
11,082
 
Total ending allowance balance
 
$
4,880
  
$
8,681
  
$
1,011
  
$
5,662
  
$
20,234
 
                     
Loans
                    
Individually evaluated for impairment
 
$
15,767
  
$
59,151
  
$
4,913
      
$
79,831
 
Collectively evaluated for impairment
  
790,228
   
481,828
   
261,474
       
1,533,530
 
Total loans recorded investment
  
805,995
   
540,979
   
266,387
       
1,613,361
 
Accrued interest included in recorded investment
  
1,978
   
2,364
   
771
       
5,113
 
Total loans
 
$
804,017
  
$
538,615
  
$
265,616
      
$
1,608,248
 
 
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)
 
September 30, 2017
         
Commercial
         
Income producing - real estate
 
$
-
  
$
72
  
$
72
 
Land, land development and construction - real estate
  
-
   
10
   
10
 
Commercial and industrial
  
-
   
706
   
706
 
Mortgage
            
1-4 family
  
-
   
5,207
   
5,207
 
Resort lending
  
-
   
1,411
   
1,411
 
Home equity - 1st lien
  
-
   
258
   
258
 
Home equity - 2nd lien
  
-
   
221
   
221
 
Purchased loans
  
-
   
-
   
-
 
Installment
            
Home equity - 1st lien
  
-
   
97
   
97
 
Home equity - 2nd lien
  
-
   
224
   
224
 
Boat lending
  
-
   
69
   
69
 
Recreational vehicle lending
  
-
   
25
   
25
 
Other
  
-
   
110
   
110
 
Total recorded investment
 
$
-
  
$
8,410
  
$
8,410
 
Accrued interest included in recorded investment
 
$
-
  
$
-
  
$
-
 
December 31, 2016
            
Commercial
            
Income producing - real estate
 
$
-
  
$
628
  
$
628
 
Land, land development and construction - real estate
  
-
   
105
   
105
 
Commercial and industrial
  
-
   
4,430
   
4,430
 
Mortgage
            
1-4 family
  
-
   
5,248
   
5,248
 
Resort lending
  
-
   
1,507
   
1,507
 
Home equity - 1st lien
  
-
   
222
   
222
 
Home equity - 2nd lien
  
-
   
317
   
317
 
Purchased loans
  
-
   
-
   
-
 
Installment
            
Home equity - 1st lien
  
-
   
266
   
266
 
Home equity - 2nd lien
  
-
   
289
   
289
 
Boat lending
  
-
   
219
   
219
 
Recreational vehicle lending
  
-
   
21
   
21
 
Other
  
-
   
112
   
112
 
Total recorded investment
 
$
-
  
$
13,364
  
$
13,364
 
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)
 
September 30, 2017
                  
Commercial
                  
Income producing - real estate
 
$
425
  
$
-
  
$
30
  
$
455
  
$
271,747
  
$
272,202
 
Land, land development and construction - real estate
  
10
   
-
   
-
   
10
   
67,793
   
67,803
 
Commercial and industrial
  
120
   
149
   
65
   
334
   
498,991
   
499,325
 
 Mortgage
                        
1-4 family
  
1,929
   
919
   
5,207
   
8,055
   
553,928
   
561,983
 
Resort lending
  
363
   
135
   
1,411
   
1,909
   
91,370
   
93,279
 
Home equity - 1st lien
  
460
   
-
   
258
   
718
   
35,826
   
36,544
 
Home equity - 2nd lien
  
597
   
195
   
221
   
1,013
   
56,677
   
57,690
 
Purchased loans
  
3
   
1
   
-
   
4
   
34,872
   
34,876
 
Installment
                        
Home equity - 1st lien
  
115
   
86
   
97
   
298
   
9,925
   
10,223
 
Home equity - 2nd lien
  
161
   
23
   
224
   
408
   
10,103
   
10,511
 
Boat lending
  
112
   
69
   
69
   
250
   
131,153
   
131,403
 
Recreational vehicle lending
  
52
   
4
   
25
   
81
   
93,687
   
93,768
 
Other
  
108
   
50
   
110
   
268
   
73,188
   
73,456
 
Total recorded investment
 
$
4,455
  
$
1,631
  
$
7,717
  
$
13,803
  
$
1,929,260
  
$
1,943,063
 
Accrued interest included in recorded investment
 
$
53
  
$
24
  
$
-
  
$
77
  
$
5,892
  
$
5,969
 
 
                   
December 31, 2016
                  
Commercial
                  
Income producing - real estate
 
$
-
  
$
-
  
$
383
  
$
383
  
$
287,255
  
$
287,638
 
Land, land development and construction - real estate
  
74
   
-
   
31
   
105
   
51,670
   
51,775
 
Commercial and industrial
  
100
   
1,385
   
66
   
1,551
   
465,031
   
466,582
 
Mortgage
                        
1-4 family
  
2,361
   
869
   
5,248
   
8,478
   
306,063
   
314,541
 
Resort lending
  
-
   
-
   
1,507
   
1,507
   
101,541
   
103,048
 
Home equity - 1st lien
  
149
   
-
   
222
   
371
   
28,645
   
29,016
 
Home equity - 2nd lien
  
470
   
218
   
317
   
1,005
   
54,232
   
55,237
 
Purchased loans
  
13
   
2
   
-
   
15
   
39,122
   
39,137
 
Installment
                        
Home equity - 1st lien
  
311
   
48
   
266
   
625
   
12,025
   
12,650
 
Home equity - 2nd lien
  
238
   
41
   
289
   
568
   
13,390
   
13,958
 
Boat lending
  
184
   
33
   
219
   
436
   
102,489
   
102,925
 
Recreational vehicle lending
  
68
   
33
   
21
   
122
   
74,413
   
74,535
 
Other
  
289
   
30
   
112
   
431
   
61,888
   
62,319
 
Total recorded investment
 
$
4,257
  
$
2,659
  
$
8,681
  
$
15,597
  
$
1,597,764
  
$
1,613,361
 
Accrued interest included in recorded investment
 
$
45
  
$
19
  
$
-
  
$
64
  
$
5,049
  
$
5,113
 
Impaired loans
Impaired loans are as follows:

  
September 30,
2017
  
December 31,
2016
 
Impaired loans with no allocated allowance
 
(In thousands)
 
TDR
 
$
349
  
$
1,782
 
Non - TDR
  
186
   
1,107
 
Impaired loans with an allocated allowance
        
TDR - allowance based on collateral
  
2,320
   
3,527
 
TDR - allowance based on present value cash flow
  
65,449
   
72,613
 
Non - TDR - allowance based on collateral
  
202
   
491
 
Total impaired loans
 
$
68,506
  
$
79,520
 
         
Amount of allowance for loan losses allocated
        
TDR - allowance based on collateral
 
$
641
  
$
1,868
 
TDR - allowance based on present value cash flow
  
6,329
   
7,146
 
Non - TDR - allowance based on collateral
  
91
   
138
 
Total amount of allowance for loan losses allocated
 
$
7,061
  
$
9,152
 
 
Impaired loans by class  are as follows (1):
 
  
September 30, 2017
  
December 31, 2016
 
  
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
 
$
-
  
$
-
  
$
-
  
$
517
  
$
768
  
$
-
 
Land, land development & construction-real estate
  
-
   
-
   
-
   
31
   
709
   
-
 
Commercial and industrial
  
535
   
557
   
-
   
2,341
   
3,261
   
-
 
Mortgage
                        
1-4 family
  
2
   
472
   
-
   
2
   
387
   
-
 
Resort lending
  
-
   
-
   
-
   
-
   
-
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
   
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
   
-
   
-
 
Installment
                        
Home equity - 1st lien
  
1
   
71
   
-
   
-
   
66
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
   
-
   
-
 
Boat lending
  
-
   
-
   
-
   
-
   
-
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
   
-
   
-
   
-
 
Other
  
-
   
-
   
-
   
-
   
-
   
-
 
   
538
   
1,100
   
-
   
2,891
   
5,191
   
-
 
With an allowance recorded:
                        
Commercial
                        
Income producing - real estate
  
6,975
   
7,121
   
482
   
7,737
   
7,880
   
554
 
Land, land development & construction-real estate
  
169
   
197
   
10
   
239
   
244
   
36
 
Commercial and industrial
  
2,578
   
2,612
   
475
   
4,902
   
5,246
   
1,654
 
Mortgage
                        
1-4 family
  
37,872
   
39,393
   
3,517
   
41,701
   
43,479
   
4,100
 
Resort lending
  
16,098
   
16,169
   
2,264
   
16,898
   
16,931
   
2,453
 
Home equity - 1st lien
  
171
   
238
   
30
   
235
   
242
   
10
 
Home equity - 2nd lien
  
179
   
213
   
12
   
315
   
398
   
16
 
Installment
                        
Home equity - 1st lien
  
1,791
   
1,921
   
85
   
1,994
   
2,117
   
118
 
Home equity - 2nd lien
  
1,969
   
1,994
   
161
   
2,415
   
2,443
   
182
 
Boat lending
  
1
   
6
   
1
   
1
   
6
   
-
 
Recreational vehicle lending
  
93
   
93
   
5
   
109
   
108
   
6
 
Other
  
360
   
377
   
19
   
394
   
426
   
23
 
   
68,256
   
70,334
   
7,061
   
76,940
   
79,520
   
9,152
 
Total
                        
Commercial
                        
Income producing - real estate
  
6,975
   
7,121
   
482
   
8,254
   
8,648
   
554
 
Land, land development & construction-real estate
  
169
   
197
   
10
   
270
   
953
   
36
 
Commercial and industrial
  
3,113
   
3,169
   
475
   
7,243
   
8,507
   
1,654
 
Mortgage
                        
1-4 family
  
37,874
   
39,865
   
3,517
   
41,703
   
43,866
   
4,100
 
Resort lending
  
16,098
   
16,169
   
2,264
   
16,898
   
16,931
   
2,453
 
Home equity - 1st lien
  
171
   
238
   
30
   
235
   
242
   
10
 
Home equity - 2nd lien
  
179
   
213
   
12
   
315
   
398
   
16
 
Installment
                        
Home equity - 1st lien
  
1,792
   
1,992
   
85
   
1,994
   
2,183
   
118
 
Home equity - 2nd lien
  
1,969
   
1,994
   
161
   
2,415
   
2,443
   
182
 
Boat lending
  
1
   
6
   
1
   
1
   
6
   
-
 
Recreational vehicle lending
  
93
   
93
   
5
   
109
   
108
   
6
 
Other
  
360
   
377
   
19
   
394
   
426
   
23
 
Total
 
$
68,794
  
$
71,434
  
$
7,061
  
$
79,831
  
$
84,711
  
$
9,152
 
                         
Accrued interest included in recorded investment
 
$
288
          
$
311
         
 
(1)
There were no impaired purchased mortgage loans at September 30, 2017 or December 31, 2016.
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 September 30, follows (1):
 
  
2017
  
2016
 
  
Average
Recorded
Investment
  
Interest
Income
Recognized
  
Average
Recorded
Investment
  
Interest
Income
Recognized
 
With no related allowance recorded
 
(In thousands)
 
Commercial
            
Income producing - real estate
 
$
-
  
$
-
  
$
551
  
$
-
 
Land, land development & construction-real estate
  
-
   
-
   
133
   
-
 
Commercial and industrial
  
445
   
8
   
-
   
-
 
Mortgage
                
1-4 family
  
127
   
7
   
12
   
3
 
Resort lending
  
-
   
-
   
-
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
 
Installment
                
Home equity - 1st lien
  
1
   
1
   
-
   
3
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
 
Boat lending
  
-
   
-
   
-
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
   
-
 
Other
  
-
   
1
   
-
   
-
 
   
573
   
17
   
696
   
6
 
With an allowance recorded
                
Commercial
                
Income producing - real estate
  
7,311
   
91
   
8,000
   
111
 
Land, land development & construction-real estate
  
171
   
2
   
1,117
   
3
 
Commercial and industrial
  
2,878
   
26
   
7,145
   
69
 
Mortgage
                
1-4 family
  
38,533
   
462
   
44,256
   
470
 
Resort lending
  
16,175
   
153
   
17,372
   
161
 
Home equity - 1st lien
  
201
   
1
   
241
   
2
 
Home equity - 2nd lien
  
180
   
2
   
280
   
6
 
Installment
                
Home equity - 1st lien
  
1,808
   
40
   
2,140
   
34
 
Home equity - 2nd lien
  
2,058
   
26
   
2,585
   
37
 
Boat lending
  
1
   
-
   
2
   
-
 
Recreational vehicle lending
  
98
   
1
   
114
   
2
 
Other
  
361
   
6
   
424
   
7
 
   
69,775
   
810
   
83,676
   
902
 
Total
                
Commercial
                
Income producing - real estate
  
7,311
   
91
   
8,551
   
111
 
Land, land development & construction-real estate
  
171
   
2
   
1,250
   
3
 
Commercial and industrial
  
3,323
   
34
   
7,145
   
69
 
Mortgage
                
1-4 family
  
38,660
   
469
   
44,268
   
473
 
Resort lending
  
16,175
   
153
   
17,372
   
161
 
Home equity - 1st lien
  
201
   
1
   
241
   
2
 
Home equity - 2nd lien
  
180
   
2
   
280
   
6
 
Installment
                
Home equity - 1st lien
  
1,809
   
41
   
2,140
   
37
 
Home equity - 2nd lien
  
2,058
   
26
   
2,585
   
37
 
Boat lending
  
1
   
-
   
2
   
-
 
Recreational vehicle lending
  
98
   
1
   
114
   
2
 
Other
  
361
   
7
   
424
   
7
 
Total
 
$
70,348
  
$
827
  
$
84,372
  
$
908
 

(1)
There were no impaired purchased mortgage loans during the three month periods ended September 30, 2017 and 2016, respectively.
 
 Average recorded investment in and interest income earned on impaired loans by class for the nine month periods ending September 30, follows (1):
 
  
2017
  
2016
 
  
Average
Recorded
Investment
  
Interest
Income
Recognized
  
Average
Recorded
Investment
  
Interest
Income
Recognized
 
With no related allowance recorded:
 
(In thousands)
 
Commercial
            
Income producing - real estate
 
$
222
  
$
-
  
$
632
  
$
2
 
Land, land development & construction-real estate
  
8
   
-
   
405
   
7
 
Commercial and industrial
  
808
   
16
   
616
   
21
 
Mortgage
                
1-4 family
  
64
   
16
   
12
   
9
 
Resort lending
  
-
   
-
   
-
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
 
Installment
                
Home equity - 1st lien
  
1
   
4
   
-
   
4
 
Home equity - 2nd lien
  
-
   
-
   
4
   
-
 
Boat lending
  
-
   
-
   
-
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
   
-
 
Other
  
-
   
1
   
-
   
-
 
   
1,103
   
37
   
1,669
   
43
 
With an allowance recorded:
                
Commercial
                
Income producing - real estate
  
7,525
   
300
   
8,153
   
318
 
Land, land development & construction-real estate
  
187
   
6
   
1,352
   
29
 
 Commercial and industrial
  
3,488
   
98
   
5,929
   
151
 
Mortgage
                
1-4 family
  
39,716
   
1,420
   
45,728
   
1,447
 
Resort lending
  
16,485
   
464
   
17,705
   
480
 
Home equity - 1st lien
  
218
   
5
   
223
   
6
 
Home equity - 2nd lien
  
217
   
5
   
231
   
11
 
Installment
                
Home equity - 1st lien
  
1,874
   
107
   
2,233
   
118
 
Home equity - 2nd lien
  
2,210
   
96
   
2,723
   
122
 
Boat lending
  
1
   
-
   
2
   
-
 
Recreational vehicle lending
  
103
   
4
   
117
   
5
 
Other
  
373
   
19
   
443
   
23
 
   
72,397
   
2,524
   
84,839
   
2,710
 
Total
                
Commercial
                
Income producing - real estate
  
7,747
   
300
   
8,785
   
320
 
Land, land development & construction-real estate
  
195
   
6
   
1,757
   
36
 
Commercial and industrial
  
4,296
   
114
   
6,545
   
172
 
Mortgage
                
1-4 family
  
39,780
   
1,436
   
45,740
   
1,456
 
Resort lending
  
16,485
   
464
   
17,705
   
480
 
Home equity - 1st lien
  
218
   
5
   
223
   
6
 
Home equity - 2nd lien
  
217
   
5
   
231
   
11
 
Installment
                
Home equity - 1st lien
  
1,875
   
111
   
2,233
   
122
 
Home equity - 2nd lien
  
2,210
   
96
   
2,727
   
122
 
Boat lending
  
1
   
-
   
2
   
-
 
Recreational vehicle lending
  
103
   
4
   
117
   
5
 
Other
  
373
   
20
   
443
   
23
 
Total
 
$
73,500
  
$
2,561
  
$
86,508
  
$
2,753
 

(1)
There were no impaired purchased mortgage loans during the nine month periods ended September 30, 2017 and 2016, respectively.
Troubled debt restructurings
Troubled debt restructurings follow:

  
September 30, 2017
 
  
Commercial
  
Retail (1)
   
Total
 
  
(In thousands)
 
Performing TDRs
 
$
9,431
  
$
53,755
   
$
63,186
 
Non-performing TDRs(2)
  
401
   
4,531
(3) 
   
4,932
 
Total
 
$
9,832
  
$
58,286
   
$
68,118
 
              
  
December 31, 2016
 
  
Commercial
  
Retail (1)
   
Total
 
  
(In thousands)
 
Performing TDRs
 
$
10,560
  
$
59,726
   
$
70,286
 
Non-performing TDRs(2)
  
3,565
   
4,071
(3) 
   
7,636
 
Total
 
$
14,125
  
$
63,797
   
$
77,922
 
 
(1)
Retail loans include mortgage and installment portfolio segments.
(2)
Included in non-performing loans table above.
(3)
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 September 30 follow(1):
 
  
Number of
Contracts
  
Pre-modification
Recorded
Balance
  
Post-modification
Recorded
Balance
 
  
(Dollars in thousands)
 
2017
         
Commercial
         
Income producing - real estate
  
-
  
$
-
  
$
-
 
Land, land development & construction-real estate
  
-
   
-
   
-
 
Commercial and industrial
  
-
   
-
   
-
 
Mortgage
            
1-4 family
  
1
   
93
   
95
 
Resort lending
  
-
   
-
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
 
Installment
            
Home equity - 1st lien
  
-
   
-
   
-
 
Home equity - 2nd lien
  
2
   
51
   
50
 
Boat lending
  
-
   
-
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
 
Other
  
1
   
10
   
10
 
Total
  
4
  
$
154
  
$
155
 
             
2016
            
Commercial
            
Income producing - real estate
  
2
  
$
180
  
$
180
 
Land, land development & construction-real estate
  
-
   
-
   
-
 
Commercial and industrial
  
2
   
175
   
158
 
Mortgage
            
1-4 family
  
2
   
204
   
207
 
Resort lending
  
-
   
-
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
 
Home equity - 2nd lien
  
2
   
77
   
78
 
Installment
            
Home equity - 1st lien
  
2
   
82
   
85
 
Home equity - 2nd lien
  
1
   
7
   
7
 
Boat lending
  
-
   
-
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
 
Other
  
1
   
34
   
34
 
Total
  
12
  
$
759
  
$
749
 

(1)
There were no purchased mortgage loans classified as troubled debt restructurings during the three month periods ended September 30, 2017 and 2016, respectively.
 
Loans that have been classified as troubled debt restructurings during the nine-month periods ended September 30 follow(1):
 
  
Number of
Contracts
  
Pre-modification
Recorded
Balance
  
Post-modification
Recorded
Balance
 
  
(Dollars in thousands)
 
2017
         
Commercial
         
Income producing - real estate
  
-
  
$
-
  
$
-
 
Land, land development & construction-real estate
  
-
   
-
   
-
 
Commercial and industrial
  
12
   
786
   
786
 
Mortgage
            
1-4 family
  
3
   
142
   
144
 
Resort lending
  
1
   
189
   
189
 
Home equity - 1st lien
  
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
 
Installment
            
Home equity - 1st lien
  
2
   
34
   
37
 
Home equity - 2nd lien
  
7
   
300
   
301
 
Boat lending
  
-
   
-
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
 
Other
  
1
   
10
   
10
 
Total
  
26
  
$
1,461
  
$
1,467
 
             
2016
            
Commercial
            
Income producing - real estate
  
4
  
$
290
  
$
290
 
Land, land development & construction-real estate
  
-
   
-
   
-
 
Commercial and industrial
  
6
   
1,933
   
1,916
 
Mortgage
            
1-4 family
  
5
   
396
   
470
 
Resort lending
  
1
   
116
   
117
 
Home equity - 1st lien
  
1
   
107
   
78
 
Home equity - 2nd lien
  
2
   
77
   
78
 
Installment
            
Home equity - 1st lien
  
6
   
141
   
145
 
Home equity - 2nd lien
  
5
   
133
   
136
 
Boat lending
  
-
   
-
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
 
Other
  
2
   
46
   
46
 
Total
  
32
  
$
3,239
  
$
3,276
 

(1)
There were no purchased mortgage loans classified as troubled debt restructurings during the nine month periods ended September 30, 2017 and 2016, respectively.
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)
       
September 30, 2017
               
Income producing - real estate
 
$
268,781
  
$
3,037
  
$
312
  
$
72
  
$
272,202
 
Land, land development and construction - real estate
  
67,730
   
63
   
-
   
10
   
67,803
 
Commercial and industrial
  
474,022
   
22,217
   
2,380
   
706
   
499,325
 
Total
 
$
810,533
  
$
25,317
  
$
2,692
  
$
788
  
$
839,330
 
Accrued interest included in total
 
$
1,991
  
$
80
  
$
9
  
$
-
  
$
2,080
 
                     
December 31, 2016
                    
Income producing - real estate
 
$
282,886
  
$
3,787
  
$
337
  
$
628
  
$
287,638
 
Land, land development andconstruction - real estate
  
51,603
   
67
   
-
   
105
   
51,775
 
Commercial and industrial
  
449,365
   
9,788
   
2,998
   
4,431
   
466,582
 
Total
 
$
783,854
  
$
13,642
  
$
3,335
  
$
5,164
  
$
805,995
 
Accrued interest included in total
 
$
1,915
  
$
52
  
$
11
  
$
-
  
$
1,978
 
 
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 semi-annually.
 
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
  
Purchased
Loans
  
Total
 
   
(In thousands)
 
September 30, 2017
                   
800 and above
  
$
62,145
  
$
11,336
  
$
8,491
  
$
8,896
  
$
7,790
  
$
98,658
 
750-799
   
227,676
   
33,287
   
15,619
   
21,092
   
18,559
   
316,233
 
700-749
   
130,480
   
25,629
   
6,583
   
13,819
   
7,978
   
184,489
 
650-699
   
77,357
   
12,441
   
3,304
   
7,970
   
429
   
101,501
 
600-649
   
26,947
   
4,648
   
1,090
   
2,439
   
-
   
35,124
 
550-599
   
15,547
   
2,777
   
365
   
1,507
   
-
   
20,196
 
500-549
   
8,766
   
1,404
   
540
   
1,319
   
-
   
12,029
 
Under 500
   
3,692
   
89
   
253
   
169
   
-
   
4,203
 
Unknown
   
9,373
   
1,668
   
299
   
479
   
120
   
11,939
 
Total
  
$
561,983
  
$
93,279
  
$
36,544
  
$
57,690
  
$
34,876
  
$
784,372
 
Accrued interest included in total
  
$
2,134
  
$
374
  
$
165
  
$
260
  
$
93
  
$
3,026
 
                          
December 31, 2016
                         
800 and above
  
$
36,534
  
$
10,484
  
$
6,048
  
$
8,392
  
$
8,462
  
$
69,920
 
750-799
   
102,382
   
41,999
   
10,006
   
20,113
   
20,984
   
195,484
 
700-749
   
69,337
   
24,727
   
5,706
   
12,360
   
9,115
   
121,245
 
650-699
   
50,621
   
13,798
   
4,106
   
8,167
   
437
   
77,129
 
600-649
   
25,270
   
5,769
   
1,674
   
3,067
   
-
   
35,780
 
550-599
   
13,747
   
3,030
   
455
   
1,699
   
-
   
18,931
 
500-549
   
9,215
   
1,438
   
486
   
981
   
-
   
12,120
 
Under 500
   
5,145
   
92
   
255
   
279
   
-
   
5,771
 
Unknown
   
2,290
   
1,711
   
280
   
179
   
139
   
4,599
 
Total
  
$
314,541
  
$
103,048
  
$
29,016
  
$
55,237
  
$
39,137
  
$
540,979
 
Accrued interest included in total
  
$
1,466
  
$
450
  
$
111
  
$
226
  
$
111
  
$
2,364
 

(1)
Credit scores have been updated within the last twelve months.
 
   
Installment(1)
 
   
Home
Equity
1st Lien
  
Home
Equity
2nd Lien
  
Boat Lending
  
Recreational
Vehicle
Lending
  
Other
  
Total
 
   
(In thousands)
 
September 30, 2017
                   
800 and above
  
$
1,085
  
$
869
  
$
26,168
  
$
26,312
  
$
10,655
  
$
65,089
 
750-799
   
1,938
   
2,721
   
67,402
   
48,183
   
26,546
   
146,790
 
700-749
   
1,601
   
2,236
   
25,945
   
14,261
   
16,433
   
60,476
 
650-699
   
2,193
   
1,864
   
9,164
   
3,627
   
8,990
   
25,838
 
600-649
   
1,429
   
1,429
   
1,730
   
838
   
2,334
   
7,760
 
550-599
   
1,252
   
919
   
468
   
244
   
894
   
3,777
 
500-549
   
616
   
398
   
243
   
125
   
434
   
1,816
 
Under 500
   
92
   
56
   
64
   
11
   
130
   
353
 
Unknown
   
17
   
19
   
219
   
167
   
7,040
   
7,462
 
Total
  
$
10,223
  
$
10,511
  
$
131,403
  
$
93,768
  
$
73,456
  
$
319,361
 
Accrued interest included in total
  
$
42
  
$
44
  
$
322
  
$
236
  
$
219
  
$
863
 
                          
December 31, 2016
                         
800 and above
  
$
1,354
  
$
1,626
  
$
21,422
  
$
23,034
  
$
8,911
  
$
56,347
 
750-799
   
2,478
   
3,334
   
50,508
   
35,827
   
21,918
   
114,065
 
700-749
   
1,920
   
2,686
   
20,045
   
11,049
   
13,183
   
48,883
 
650-699
   
2,852
   
2,541
   
7,559
   
3,205
   
8,913
   
25,070
 
600-649
   
1,691
   
1,775
   
1,846
   
821
   
2,269
   
8,402
 
550-599
   
1,231
   
1,063
   
882
   
280
   
833
   
4,289
 
500-549
   
981
   
692
   
440
   
189
   
511
   
2,813
 
Under 500
   
114
   
220
   
73
   
16
   
211
   
634
 
Unknown
   
29
   
21
   
150
   
114
   
5,570
   
5,884
 
Total
  
$
12,650
  
$
13,958
  
$
102,925
  
$
74,535
  
$
62,319
  
$
266,387
 
Accrued interest included in total
  
$
54
  
$
59
  
$
264
  
$
203
  
$
191
  
$
771
 
 
(1)
Credit scores have been updated within the last twelve months.