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ALLOWANCE FOR CREDIT LOSSES
 3 Months Ended
Mar. 31, 2017
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, 2017



 

Balance,

 

 

 

 

 

 

 

Balance,



 

Beginning of

 

 

 

 

 

 

 

End of



 

Period

 

Charge-offs

 

Recoveries

 

Provision

 

Period



 

(In thousands)

Commercial and industrial

 

$        19,170

 

$             (384)

 

$           490

 

$       1,291

 

$      20,567

Real estate

 

 

 

 

 

 

 

 

 

 

  Consumer mortgages

 

 30,386 

 

 (596)

 

 625 

 

 1,340 

 

 31,755 

  Home equity

 

 7,174 

 

 (459)

 

 356 

 

 (39)

 

 7,032 

  Agricultural

 

 2,172 

 

 (44)

 

 41 

 

 109 

 

 2,278 

  Commercial and industrial-owner occupied

 

 12,899 

 

 (404)

 

 193 

 

 1,178 

 

 13,866 

  Construction, acquisition and development

 

 13,957 

 

 (30)

 

 1,324 

 

 (1,766)

 

 13,485 

  Commercial real estate

 

 24,845 

 

 (19)

 

 69 

 

 767 

 

 25,662 

Credit cards

 

 7,787 

 

 (838)

 

 249 

 

 (1,032)

 

 6,166 

All other

 

 5,346 

 

 (559)

 

 446 

 

 (848)

 

 4,385 

    Total

 

$      123,736

 

$          (3,333)

 

$        3,793

 

$       1,000

 

$    125,196







 

 

 

 

 

 

 

 

 

 



 

Year ended



 

December 31, 2016



 

Balance,

 

 

 

 

 

 

 

Balance,



 

Beginning of

 

 

 

 

 

 

 

End of



 

Period

 

Charge-offs

 

Recoveries

 

Provision

 

Period



 

(In thousands)

Commercial and industrial

 

$        17,583

 

$          (4,551)

 

$        1,833

 

$       4,305

 

$      19,170

Real estate

 

 

 

 

 

 

 

 

 

 

  Consumer mortgages

 

 33,198 

 

 (2,687)

 

 1,694 

 

 (1,819)

 

 30,386 

  Home equity

 

 6,949 

 

 (1,884)

 

 506 

 

 1,603 

 

 7,174 

  Agricultural

 

 2,524 

 

 (110)

 

 175 

 

 (417)

 

 2,172 

  Commercial and industrial-owner occupied

 

 14,607 

 

 (1,095)

 

 544 

 

 (1,157)

 

 12,899 

  Construction, acquisition and development

 

 15,925 

 

 (521)

 

 1,373 

 

 (2,820)

 

 13,957 

  Commercial real estate

 

 25,508 

 

 (1,129)

 

 2,411 

 

 (1,945)

 

 24,845 

Credit cards

 

 4,047 

 

 (2,845)

 

 850 

 

 5,735 

 

 7,787 

All other

 

 6,117 

 

 (2,197)

 

 911 

 

 515 

 

 5,346 

    Total

 

$      126,458

 

$        (17,019)

 

$      10,297

 

$       4,000

 

$    123,736







 

 

 

 

 

 

 

 

 

 



 

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



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









 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

March 31, 2017



 

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

 

$                 11,838

 

$              3,482

 

$             17,085

 

$        20,567

Real estate

 

 

 

 

 

 

 

 

Consumer mortgages

 

 1,276 

 

 7 

 

 31,748 

 

 31,755 

Home equity

 

 854 

 

 30 

 

 7,002 

 

 7,032 

Agricultural

 

 3,592 

 

 -

 

 2,278 

 

 2,278 

Commercial and industrial-owner occupied

 

 12,047 

 

 352 

 

 13,514 

 

 13,866 

Construction, acquisition and development

 

 277 

 

 30 

 

 13,455 

 

 13,485 

Commercial real estate

 

 12,013 

 

 2,329 

 

 23,333 

 

 25,662 

Credit cards

 

 -

 

 -

 

 6,166 

 

 6,166 

All other

 

 -

 

 -

 

 4,385 

 

 4,385 

Total

 

$                 41,897

 

$              6,230

 

$           118,966

 

$      125,196

(1)

Impaired loans are shown exclusive of accruing TDRs and $2.7 million of non-accruing TDRs





 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

December 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

 

$                  8,314

 

$              1,837

 

$             17,333

 

$        19,170

Real estate

 

 

 

 

 

 

 

 

Consumer mortgages

 

 1,655 

 

 -

 

 30,386 

 

 30,386 

Home equity

 

 857 

 

 -

 

 7,174 

 

 7,174 

Agricultural

 

 861 

 

 -

 

 2,172 

 

 2,172 

Commercial and industrial-owner occupied

 

 8,321 

 

 -

 

 12,899 

 

 12,899 

Construction, acquisition and development

 

 5,933 

 

 35 

 

 13,922 

 

 13,957 

Commercial real estate

 

 12,296 

 

 2,481 

 

 22,364 

 

 24,845 

Credit cards

 

 -

 

 -

 

 7,787 

 

 7,787 

All other

 

 -

 

 -

 

 5,346 

 

 5,346 

Total

 

$                38,237

 

$              4,353

 

$           119,383

 

$      123,736



(1) Impaired loans are shown exclusive of accruing TDRs and $2.2 million of non-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 greater for impairment, further review of remaining loans collectively, as well as the corresponding potential allowance, would be immaterial in the opinion of management.