XML 26 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
Loans and Allowance (Tables)
 9 Months Ended
Sep. 30, 2013
Receivables [Abstract]  
Composition of Loan Portfolio by Loan Class
The following table shows the composition of the Corporation’s loan portfolio by loan class for the periods indicated:
 

September 30, 2013

December 31, 2012
Commercial and industrial loans
$
652,356


$
622,579

Agricultural production financing and other loans to farmers
98,489


112,527

Real estate loans:
 

 
Construction
149,875


98,639

Commercial and farmland
1,264,180


1,266,682

Residential
452,277


473,537

Home Equity
206,816


203,406

Individuals' loans for household and other personal expenditures
70,380


75,748

Lease financing receivables, net of unearned income
1,815


2,590

Other loans
29,269


46,501

 Loans
2,925,457


2,902,209

Allowance for loan losses
(66,224
)

(69,366
)
Net Loans
$
2,859,233


$
2,832,843
Changes in Allowance for Loan Losses
The following tables summarize changes in the allowance for loan losses by loan segment for the three and nine months ended September 30, 2013, and September 30, 2012:
 
 
Three Months Ended September 30, 2013
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, July 1
$
26,563


$
23,605


$
2,885


$
15,113


$
36


$
68,202

Provision for losses
(346
)

1,560


(31
)

333


17


1,533

Recoveries on loans
1,494


258


110


311


3


2,176

Loans charged off
(1,680
)

(2,795
)

(161
)

(1,051
)



(5,687
)
Balances, September 30, 2013
$
26,031


$
22,628


$
2,803


$
14,706


$
56


$
66,224


 
Nine Months Ended September 30, 2013
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, January 1
$
25,913


$
26,703


$
2,593


$
14,157





$
69,366

Provision for losses
1,929


132


267


3,236


$
68


5,632

Recoveries on loans
4,050


3,023


426


946


3


8,448

Loans charged off
(5,861
)

(7,230
)

(483
)

(3,633
)

(15
)

(17,222
)
Balances, September 30, 2013
$
26,031


$
22,628


$
2,803


$
14,706


$
56


$
66,224


 
Three Months Ended September 30, 2012
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, July 1
$
17,791


$
35,133


$
2,431


$
14,788




$
70,143

Provision for losses
5,431


(879
)

147


(90
)



4,609

Recoveries on loans
526


1,598


219


174




2,517

Loans charged off
(1,424
)

(4,439
)

(168
)

(1,745
)



(7,776
)
Balances, September 30, 2012
$
22,324


$
31,413


$
2,629


$
13,127




$
69,493


 
Nine Months Ended September 30, 2012
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, January 1
$
17,731


$
37,919


$
2,902


$
12,343


$
3


$
70,898

Provision for losses
10,333


149


(14
)

3,565


(4
)

14,029

Recoveries on loans
1,193


3,462


595


968


1


6,219

Loans charged off
(6,933
)

(10,117
)

(854
)

(3,749
)



(21,653
)
Balances, September 30, 2012
$
22,324


$
31,413


$
2,629


$
13,127





$
69,493
Allowance for Credit Losses and Loan Portfolio by Loan Segment
The following tables show the Corporation’s allowance for credit losses and loan portfolio by loan segment as of the periods indicated:
 
 
September 30, 2013
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
285


$
757




$
6


 

$
1,048

Collectively evaluated for impairment
25,630


21,560


$
2,803


14,700


$
56


64,749

Loans Acquired with Deteriorated Credit Quality
116


311










427

Total Allowance for Loan Losses
$
26,031


$
22,628


$
2,803


$
14,706


$
56


$
66,224

Loan Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
7,946


$
33,912


 

$
2,839


 

$
44,697

Collectively evaluated for impairment
771,299


1,370,737


$
70,380


655,842


$
1,815


2,870,073

Loans Acquired with Deteriorated Credit Quality
869


9,406





412





10,687

Loans
$
780,114


$
1,414,055


$
70,380


$
659,093


$
1,815


$
2,925,457

 
 
 
December 31, 2012
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
1,628


$
2,565


 

$
50


 

$
4,243

Collectively evaluated for impairment
24,285


24,138


$
2,593


14,107


 

65,123

Total Allowance for Loan Losses
$
25,913


$
26,703


$
2,593


$
14,157




$
69,366

Loan Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
14,190


$
45,394


 

$
8,515


 

$
68,099

Collectively evaluated for impairment
765,707


1,309,912


$
75,748


667,401


$
2,590


2,821,358

Loans Acquired with Deteriorated Credit Quality
1,710


10,015





1,027





12,752

Loans
$
781,607


$
1,365,321


$
75,748


$
676,943


$
2,590


$
2,902,209
Summary of Non-Accrual Loans by Loan class
The following table summarizes the Corporation’s non-accrual loans by loan class as of the periods indicated:
 

September 30, 2013

December 31, 2012
Commercial and industrial loans
$
6,467


$
12,195

Agriculture Production financing and other loans to farmers
31



Real Estate Loans:
 

 
Construction
2,643


4,814

Commercial and farmland
16,187


22,612

Residential
8,375


11,476

Home Equity
1,093


1,997

Individuals' loans for household and other personal expenditures
32




Lease financing receivables, net of unearned income



301

Other Loans
164


4

Total
$
34,992


$
53,399
Composition of Impaired Loans by Loan Class
The following tables show the composition of the Corporation’s commercial impaired loans by loan class for the periods indicated:
 
 
 

 

 
 
September 30, 2013
 
Unpaid
Principal
Balance

Recorded
Investment

Related
Allowance
Impaired loans with no related allowance:
 

 


Commercial and industrial loans
$
21,683


$
7,758




Agriculture production financing and other loans to farmers
33


31




Real Estate Loans:
 

 


Construction
6,161


3,789




Commercial and farmland
46,834


33,085




Residential
4,671


2,569




Home equity
3,386


199




Other loans
457


172




Total
$
83,225


$
47,603




Impaired loans with related allowance:
 

 


Commercial and industrial loans
$
1,119


$
853


$
401

Real Estate Loans:
 

 

 
Construction








Commercial and farmland
6,520


5,700


1,068

Residential
74


71


6

Other loans








Total
$
7,713


$
6,624


$
1,475

Total Impaired Loans
$
90,938


$
54,227


$
1,475



 
December 31, 2012
 
Unpaid
Principal
Balance

Recorded
Investment

Related
Allowance
Impaired loans with no related allowance:
 

 

 
Commercial and industrial loans
$
28,532


$
11,730




Real Estate Loans:
 

 

 
Construction
9,787


5,164




Commercial and farmland
58,173


43,204




Residential
8,820


6,215




Home equity
4,199


1,006




Other loans
83


14




Total
$
109,594


$
67,333




Impaired loans with related allowance:
 

 

 
Commercial and industrial loans
$
4,415


$
4,155


$
1,628

Real Estate Loans:
 

 

 
Construction
1,202


1,058


105

Commercial and farmland
5,579


5,182


2,460

Residential
1,722


1,451


50

Total
$
12,918


$
11,846


$
4,243

Total Impaired Loans
$
122,512


$
79,179


$
4,243

 
Three Months Ended September 30, 2013

Nine Months Ended September 30, 2013
 
Average
Recorded Investment

Interest
Income Recognized

Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 

 

 
Commercial and industrial
$
8,352


$
110


$
9,553


$
184

Agriculture production financing and other loans to farmers
32




33



Real Estate Loans:
 

 




Construction
4,115


29


4,262


85

Commercial and farmland
34,298


620


35,198


1,642

Residential
2,687


82


3,028


114

Home equity
217





236



Other loans
174


 

184


1

Total
$
49,875


$
841


$
52,494


$
2,026

Impaired loans with related allowance:
 

 

 

 
Commercial and industrial
$
865




$
889


$
7

Real Estate Loans:
 

 




Construction



 




Commercial and farmland
5,742


$
5


5,844


5

Residential
74




78



Other loans








Total
$
6,681


$
5


$
6,811


$
12

Total Impaired Loans
$
56,556


$
846


$
59,305


$
2,038



 
Three Months Ended September 30, 2012

Nine Months Ended September 30, 2012
 
Average
Recorded Investment

Interest
Income Recognized

Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 

 

 
Commercial and industrial loans
$
9,994


$
26


$
11,615


$
68

Agriculture production financing and other loans to farmers
300




300



Real Estate Loans:







Construction
6,658


17


7,665


47

Commercial and farmland
31,081


250


33,459


706

Residential
6,936


20


7,342


54

Home equity
713


3


727


10

Other loans
17




18


1

Total
$
55,699


$
316


$
61,126


$
886

Impaired loans with related allowance:







Commercial and industrial loans
$
5,244


$
11


$
5,307


$
32

Real Estate Loans:







Construction
510




541



Commercial and farmland
12,326


32


12,371


95

Residential
1,485


19


1,485


56

Total
$
19,565


$
62


$
19,704


$
183

Total Impaired Loans
$
75,264


$
378


$
80,830


$
1,069
Credit Quality of Loan Portfolio by Loan Class
The following tables summarize the credit quality of the Corporation’s loan portfolio, by loan class as of the periods indicated.  Consumer non-performing loans include accruing consumer loans 90 plus days delinquent and consumer non-accrual loans.  The entire balance of a loan is considered delinquent if the minimum payment contractually required to be made is not received by the specified date.
 
 
September 30, 2013
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
603,166


$
18,481


$
29,155


$
1,554




 

 

$
652,356

Agriculture production financing and other loans to farmers
98,458





31


 



 

 

98,489

Real Estate Loans:
 

 

 

 



 

 

 
Construction
142,169


2,752


4,491


 



 

$
463


149,875

Commercial and farmland
1,163,570


41,954


58,309


112




 

235


1,264,180

Residential
139,481


1,504


10,803


140




$
293,329


7,020


452,277

Home equity
6,633


105


1,126


 



197,776


1,176


206,816

Individuals' loans for household and other personal expenditures
 

 

 

 



70,285


95


70,380

Lease financing receivables, net of unearned income
1,688


 

127


 









1,815

Other loans
29,063


2


204


 



 

 

29,269

Loans
$
2,184,228


$
64,798


$
104,246


$
1,806




$
561,390


$
8,989


$
2,925,457


 
 
December 31, 2012
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
559,852


$
23,678


$
34,460


$
4,589




 

 

$
622,579

Agriculture production financing and other loans to farmers
112,209


224


94


 



 

 

112,527

Real Estate Loans:
 

 

 

 



 

 

 
Construction
85,728


1,384


11,356


 






$
171


98,639

Commercial and farmland
1,148,561


38,199


79,078


553







291


1,266,682

Residential
145,402


5,437


13,880


922




$
301,614


6,282


473,537

Home equity
9,092


893


1,657


 



189,721


2,043


203,406

Individuals' loans for household and other personal expenditures
 

 

 

 



75,748





75,748

Lease financing receivables, net of unearned income
 

 

 

 



2,289


301


2,590

Other loans
46,473





28







 

 

46,501

Loans
$
2,107,317


$
69,815


$
140,553


$
6,064




$
569,372


$
9,088


$
2,902,209
Past Due Aging of Loan Portfolio by Loan Class
The following table shows a past due aging of the Corporation’s loan portfolio, by loan class as of September 30, 2013, and December 31, 2012:

 
September 30, 2013
 
Current

30-59 Days
Past Due

60-89 Days
Past Due

Loans > 90 Days
And Accruing

Non-Accrual

Total Past Due
& Non-Accrual

Total
Commercial and industrial loans
$
645,044


$
845








$
6,467


$
7,312


$
652,356

Agriculture production financing and other loans to farmers
98,458











31


31


98,489

Real Estate Loans:
 

 

 

 

 

 

 
Construction
147,157







$
75


2,643


2,718


149,875

Commercial and farmland
1,246,319


843


$
831





16,187


17,861


1,264,180

Residential
439,860


2,627


998


417


8,375


12,417


452,277

Home equity
204,028


1,153


260


282


1,093


2,788


206,816

Individuals' loans for household and other personal expenditures
69,819


378


88


63


32


561


70,380

Lease financing receivables, net of unearned income
1,815




 









1,815

Other loans
29,105


 

 

 

164


164


29,269

Loans
$
2,881,605


$
5,846


$
2,177


$
837


$
34,992


$
43,852


$
2,925,457

 
 
December 31, 2012
 
Current

30-59 Days
Past Due

60-89 Days
Past Due

Loans > 90 Days
And Accruing

Non-Accrual

Total Past Due
& Non-Accrual

Total
Commercial and industrial loans
$
607,442


$
2,628


$
144


$
170


$
12,195


$
15,137


$
622,579

Agriculture production financing and other loans to farmers
112,527









 




112,527

Real Estate Loans:
 

 

 

 

 

 

 
Construction
93,426


399


 


 


4,814


5,213


98,639

Commercial and farmland
1,238,907


3,276


1,822


65


22,612


27,775


1,266,682

Residential
453,743


5,734


1,338


1,246


11,476


19,794


473,537

Home equity
199,063


1,467


323


556


1,997


4,343


203,406

Individuals' loans for household and other personal expenditures
74,919


799


30


 





829


75,748

Lease financing receivables, net of unearned income
2,289


 

 

 

301


301


2,590

Other loans
46,497


 

 

 

4


4


46,501

Loans
$
2,828,813


$
14,303


$
3,657


$
2,037


$
53,399


$
73,396


$
2,902,209
Summary of Troubled Debt Restructurings
The following tables summarize troubled debt restructurings that occurred during the periods indicated:
 

Three Months Ended September 30, 2013

Nine Months Ended September 30, 2013

Pre-Modification
Recorded
Balance

Post-Modification
Recorded
Balance

Number
of
Loans

Pre-Modification
Recorded
Balance

Post-Modification
Recorded
Balance

Number
of
Loans
Commercial and industrial loans
$
162


$
183


1


$
294


$
315


5

Real Estate Loans:
 

 

 

 

 

 
Commercial and farmland
1,464


1,469


6


6,449


5,450


10

Residential
190


191


2


658


649


8

Individuals' loans for household and other personal expenditures









44


45


2

Total
$
1,816


$
1,843


9


$
7,445


$
6,459


25

 
 

Three Months Ended September 30, 2012

Nine Months Ended September 30, 2012

Pre-Modification
Recorded
Balance

Post-Modification
Recorded
Balance

Number
of
Loans

Pre-Modification
Recorded
Balance

Post-Modification
Recorded
Balance

Number
of
Loans
Commercial and industrial loans
$
875


$
1,048


3


$
1,155


$
1,327


6

Real Estate Loans:
 

 

 

 

 

 
Construction
303


303


1


794


653


2

Commercial and farmland
875


875


2


2,967


2,828


7

Residential
239


241


4


2,196


2,063


19

Individuals' loans for household and other personal expenditures
90


117


4


90


117


4

Total
$
2,382


$
2,584


14


$
7,202


$
6,988


38
Summary of Troubled Debt Restructurings and Subsequent Defaults
The following tables show the recorded investment of troubled debt restructurings, by modification type, that occurred during the periods indicated:
 

Three Months Ended September 30, 2013

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans
$
175






$
175

Real Estate Loans:
 

 

 

 
Commercial and farmland
1,399







1,399

Residential
158


$
34




192

Total
$
1,732


$
34




$
1,766




Nine Months Ended September 30, 2013

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans
$
228




$
63


$
291

Real Estate Loans:
 

 

 

 
Commercial and farmland
1,399





1,950


3,349

Residential
158


$
94


353


605

Individuals' loans for household and other personal expenditures
 




26


26

Total
$
1,785


$
94


$
2,392


$
4,271

 


Three Months Ended September 30, 2012

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans




$
1,048


$
1,048

Real Estate Loans:
 

 

 

 
Construction
 



299


299

Commercial and farmland


$
680


195


875

Residential





167


167

Individuals loans for household and other personal expenditures
 

7


109


116

Total


$
687


$
1,818


$
2,505

 


Nine Months Ended September 30, 2012

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans
$
230




$
1,072


$
1,302

Real Estate Loans:
 

 

 

 
Construction
 



639


639

Commercial and farmland
1,693


$
680


385


2,758

Residential
528


252


1,100


1,880

Individuals' loans for household and other personal expenditures
 

7


109


116

Total
$
2,451


$
939


$
3,305


$
6,695
Commercial Non-Impaired Loans Included in ASC 450 Loss Migration Analysis
The following tables summarize troubled debt restructures that occurred during the twelve months ended September 30, 2013, and September 30, 2012, that subsequently defaulted during the period indicated and remained in default at period end. For purposes of this schedule, a loan is considered in default if it is 30 or more days past due.
 

Three Months Ended September 30, 2013

Nine Months Ended September 30, 2013

Number of
Loans

Recorded
Balance

Number of
Loans

Recorded
Balance
Commercial and Industrial loans
1


$
18


1


$
18

Real Estate Loans:
 

 

 

 
Commercial and farmland






1


223

Residential
2


166


2


166

Total
3


$
184


4


$
407

 
 

Three Months Ended September 30, 2012

Nine Months Ended September 30, 2012

Number of
Loans

Recorded
Balance

Number of
Loans

Recorded
Balance
Commercial and Industrial loans
3

$
1,415


3


$
1,415

Real Estate Loans:
 

 

 

 
Commercial and farmland
1

23


1


23

Residential
7

371


11


2,494

Total
11

$
1,809


15


$
3,932