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ALLOWANCE FOR CREDIT LOSSES
 3 Months Ended
Mar. 31, 2016
ALLOWANCE FOR CREDIT LOSSES [Abstract]  
ALLOWANCE FOR CREDIT LOSSES

NOTE 3 – ALLOWANCE FOR CREDIT LOSSES



The following tables summarize the changes in the allowance for credit losses by segment and class for the periods indicated:







 

 

 

 

 

 

 

 

 

 



 

Three months ended



 

March 31, 2016



 

Balance,

 

 

 

 

 

 

 

Balance,



 

Beginning of

 

 

 

 

 

 

 

End of



 

Period

 

Charge-offs

 

Recoveries

 

Provision

 

Period



 

(In thousands)

Commercial and industrial

 

$        17,583

 

$             (140)

 

$          212

 

$       1,625

 

$     19,280

Real estate

 

 

 

 

 

 

 

 

 

 

Consumer mortgages

 

 33,198 

 

 (710)

 

 455 

 

 403 

 

 33,346 

Home equity

 

 6,949 

 

 (550)

 

 80 

 

 554 

 

 7,033 

Agricultural

 

 2,524 

 

 (11)

 

 36 

 

 (148)

 

 2,401 

Commercial and industrial-owner occupied

 

 14,607 

 

 (154)

 

 125 

 

 171 

 

 14,749 

Construction, acquisition and development

 

 15,925 

 

 (226)

 

 272 

 

 (1,307)

 

 14,664 

Commercial real estate

 

 25,508 

 

 (245)

 

 683 

 

 (533)

 

 25,413 

Credit cards

 

 4,047 

 

 (720)

 

 181 

 

 (268)

 

 3,240 

All other

 

 6,117 

 

 (487)

 

 247 

 

 503 

 

 6,380 

Total

 

$      126,458

 

$          (3,243)

 

$       2,291

 

$       1,000

 

$   126,506











 

 

 

 

 

 

 

 

 

 



 

Year ended



 

December 31, 2015



 

Balance,

 

 

 

 

 

 

 

Balance,



 

Beginning of

 

 

 

 

 

 

 

End of



 

Period

 

Charge-offs

 

Recoveries

 

Provision

 

Period



 

 

 

 

 

 

 

 

 

 



 

(In thousands)

Commercial and industrial

 

$        21,419

 

$        (10,022)

 

$       2,035

 

$       4,151

 

$     17,583

Real estate

 

 

 

 

 

 

 

 

 

 

  Consumer mortgages

 

 40,015 

 

 (3,995)

 

 2,693 

 

 (5,515)

 

 33,198 

  Home equity

 

 9,542 

 

 (1,204)

 

 639 

 

 (2,028)

 

 6,949 

  Agricultural

 

 3,420 

 

 (33)

 

 384 

 

 (1,247)

 

 2,524 

  Commercial and industrial-owner occupied

 

 16,325 

 

 (1,800)

 

 2,834 

 

 (2,752)

 

 14,607 

  Construction, acquisition and development

 

 9,885 

 

 (1,039)

 

 11,727 

 

 (4,648)

 

 15,925 

  Commercial real estate

 

 23,562 

 

 (3,723)

 

 1,656 

 

 4,013 

 

 25,508 

Credit cards

 

 6,514 

 

 (2,632)

 

 658 

 

 (493)

 

 4,047 

All other

 

 11,761 

 

 (2,271)

 

 1,108 

 

 (4,481)

 

 6,117 

    Total

 

$      142,443

 

$        (26,719)

 

$     23,734

 

$    (13,000)

 

$   126,458







 

 

 

 

 

 

 

 

 

 



 

Three months ended



 

March 31, 2015



 

Balance,

 

 

 

 

 

 

 

Balance,



 

Beginning of

 

 

 

 

 

 

 

End of



 

Period

 

Charge-offs

 

Recoveries

 

Provision

 

Period



 

(In thousands)

Commercial and industrial

 

$        21,419

 

$             (383)

 

$          502

 

$         (517)

 

$     21,021

Real estate

 

 

 

 

 

 

 

 

 

 

  Consumer mortgages

 

 40,015 

 

 (892)

 

 612 

 

 (664)

 

 39,071 

  Home equity

 

 9,542 

 

 (498)

 

 241 

 

 261 

 

 9,546 

  Agricultural

 

 3,420 

 

 (8)

 

 269 

 

 (535)

 

 3,146 

  Commercial and industrial-owner occupied

 

 16,325 

 

 (394)

 

 550 

 

 (817)

 

 15,664 

  Construction, acquisition and development

 

 9,885 

 

 (343)

 

 604 

 

 (233)

 

 9,913 

  Commercial real estate

 

 23,562 

 

 (1,007)

 

 720 

 

 (1,773)

 

 21,502 

Credit cards

 

 6,514 

 

 (676)

 

 153 

 

 (672)

 

 5,319 

All other

 

 11,761 

 

 (579)

 

 346 

 

 (50)

 

 11,478 

    Total

 

$      142,443

 

$          (4,780)

 

$       3,997

 

$      (5,000)

 

$   136,660





The following tables provide the allowance for credit losses by segment, class and impairment status as of the dates indicated:







 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

March 31, 2016



 

Recorded

 

Allowance for

 

Allowance for

 

 



 

Balance of

 

Impaired Loans

 

All Other Loans

 

Total



 

Impaired Loans (1)

 

and Leases

 

and Leases

 

Allowance



 

 

 

 

 

 

 

 



 

(In thousands)

Commercial and industrial

 

$                  8,201

 

$                570

 

$             18,710

 

$     19,280

Real estate

 

 

 

 

 

 

 

 

Consumer mortgages

 

 3,733 

 

 -

 

 33,346 

 

 33,346 

Home equity

 

 1,790 

 

 -

 

 7,033 

 

 7,033 

Agricultural

 

 855 

 

 191 

 

 2,210 

 

 2,401 

Commercial and industrial-owner occupied

 

 11,860 

 

 809 

 

 13,940 

 

 14,749 

Construction, acquisition and development

 

 5,921 

 

 4 

 

 14,660 

 

 14,664 

Commercial real estate

 

 17,286 

 

 696 

 

 24,717 

 

 25,413 

Credit cards

 

 -

 

 -

 

 3,240 

 

 3,240 

All other

 

 -

 

 -

 

 6,380 

 

 6,380 

Total

 

$                49,646

 

$             2,270

 

$           124,236

 

$   126,506

(1)

Impaired loans are shown exclusive of accruing TDRs





 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

December 31, 2015



 

Recorded

 

Allowance for

 

Allowance for

 

 



 

Balance of

 

Impaired Loans

 

All Other Loans

 

Total



 

Impaired Loans (1)

 

and Leases

 

and Leases

 

Allowance



 

 

 

 

 

 

 

 



 

(In thousands)

Commercial and industrial

 

$                  7,127

 

$                  78

 

$             17,505

 

$     17,583

Real estate

 

 

 

 

 

 

 

 

Consumer mortgages

 

 3,990 

 

 -

 

 33,198 

 

 33,198 

Home equity

 

 1,795 

 

 -

 

 6,949 

 

 6,949 

Agricultural

 

 872 

 

 159 

 

 2,365 

 

 2,524 

Commercial and industrial-owner occupied

 

 12,141 

 

 326 

 

 14,281 

 

 14,607 

Construction, acquisition and development

 

 7,583 

 

 677 

 

 15,248 

 

 15,925 

Commercial real estate

 

 17,781 

 

 1,110 

 

 24,398 

 

 25,508 

Credit cards

 

 -

 

 -

 

 4,047 

 

 4,047 

All other

 

 103 

 

 -

 

 6,117 

 

 6,117 

Total

 

$                51,392

 

$             2,350

 

$           124,108

 

$   126,458

(1)

Impaired loans are shown exclusive of accruing TDRs



Management evaluates impaired loans individually in determining the adequacy of the allowance for impaired loans.  As a result of the Company individually evaluating loans of $500,000 or more that are 60 or more days past due for impairment, further review of remaining loans collectively, as well as the corresponding potential allowance, would be immaterial in the opinion of management.