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ALLOWANCE FOR CREDIT LOSSES
 6 Months Ended
Jun. 30, 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:







 

 

 

 

 

 

 

 

 

 



 

Six months ended



 

June 30, 2017



 

Balance,

 

 

 

 

 

 

 

Balance,



 

Beginning of

 

 

 

 

 

 

 

End of



 

Period

 

Charge-offs

 

Recoveries

 

Provision

 

Period



 

(In thousands)

Commercial and industrial

 

$        19,170

 

$          (4,157)

 

$        1,524

 

$        (408)

 

$      16,129

Real estate

 

 

 

 

 

 

 

 

 

 

Consumer mortgages

 

 30,386 

 

 (1,118)

 

 964 

 

 3,312 

 

 33,544 

Home equity

 

 7,174 

 

 (584)

 

 466 

 

 (96)

 

 6,960 

Agricultural

 

 2,172 

 

 (50)

 

 75 

 

 (346)

 

 1,851 

Commercial and industrial-owner occupied

 

 12,899 

 

 (1,864)

 

 674 

 

 1,081 

 

 12,790 

Construction, acquisition and development

 

 13,957 

 

 (84)

 

 1,532 

 

 (1,873)

 

 13,532 

Commercial real estate

 

 24,845 

 

 (20)

 

 144 

 

 (1,866)

 

 23,103 

Credit cards

 

 7,787 

 

 (1,619)

 

 454 

 

 (277)

 

 6,345 

All other

 

 5,346 

 

 (1,150)

 

 638 

 

 2,473 

 

 7,307 

Total

 

$      123,736

 

$        (10,646)

 

$        6,471

 

$      2,000

 

$    121,561













 

 

 

 

 

 

 

 

 

 



 

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









 

 

 

 

 

 

 

 

 

 



 

Six months ended



 

June 30, 2016



 

Balance,

 

 

 

 

 

 

 

Balance,



 

Beginning of

 

 

 

 

 

 

 

End of



 

Period

 

Charge-offs

 

Recoveries

 

Provision

 

Period



 

(In thousands)

Commercial and industrial

 

$        17,583

 

$             (888)

 

$           551

 

$          473

 

$      17,719

Real estate

 

 

 

 

 

 

 

 

 

 

  Consumer mortgages

 

 33,198 

 

 (1,187)

 

 954 

 

 260 

 

 33,225 

  Home equity

 

 6,949 

 

 (774)

 

 326 

 

 666 

 

 7,167 

  Agricultural

 

 2,524 

 

 (21)

 

 132 

 

 (272)

 

 2,363 

  Commercial and industrial-owner occupied

 

 14,607 

 

 (814)

 

 226 

 

 (377)

 

 13,642 

  Construction, acquisition and development

 

 15,925 

 

 (506)

 

 796 

 

 (679)

 

 15,536 

  Commercial real estate

 

 25,508 

 

 (1,115)

 

 1,192 

 

 2,103 

 

 27,688 

Credit cards

 

 4,047 

 

 (1,334)

 

 380 

 

 346 

 

 3,439 

All other

 

 6,117 

 

 (904)

 

 463 

 

 480 

 

 6,156 

    Total

 

$      126,458

 

$          (7,543)

 

$        5,020

 

$       3,000

 

$    126,935



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











 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

June 30, 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

 

$                  7,562

 

$              1,190

 

$             14,939

 

$        16,129

Real estate

 

 

 

 

 

 

 

 

Consumer mortgages

 

 2,424 

 

 554 

 

 32,990 

 

 33,544 

Home equity

 

 850 

 

 30 

 

 6,930 

 

 6,960 

Agricultural

 

 5,245 

 

 -

 

 1,851 

 

 1,851 

Commercial and industrial-owner occupied

 

 7,210 

 

 -

 

 12,790 

 

 12,790 

Construction, acquisition and development

 

 246 

 

 -

 

 13,532 

 

 13,532 

Commercial real estate

 

 4,721 

 

 112 

 

 22,991 

 

 23,103 

Credit cards

 

 -

 

 -

 

 6,345 

 

 6,345 

All other

 

 -

 

 -

 

 7,307 

 

 7,307 

Total

 

$                28,258

 

$              1,886

 

$           119,675

 

$      121,561

(1)

Impaired loans are shown exclusive of accruing TDRs and $3.4 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.