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ALLOWANCE FOR LOAN LOSSES: (Tables)
 12 Months Ended
Dec. 31, 2014
Allowance For Loan Losses Disclosure [Abstract]  
Schedule of allowances for loan losses by portfolio segment
The following table presents the activity of the allowance for loan losses by portfolio segment for the years ended December 31, 2014, 2013 and 2012.

Allowance for Loan Losses:
 
 
 
December 31, 2014
 
 
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Beginning balance
 
$
12,450

 
$
1,585

 
$
3,650

 
$
2,383

 
$
20,068

Provision for loan losses*
 
1,053

 
134

 
3,401

 
(203
)
 
4,385

Loans charged -off
 
(3,522
)
 
(1,143
)
 
(4,785
)
 
—

 
(9,450
)
Recoveries
 
934

 
798

 
2,104

 
—

 
3,836

Ending Balance
 
$
10,915

 
$
1,374

 
$
4,370

 
$
2,180

 
$
18,839

* Provision before increase of $687 thousand in 2014 for decrease in FDIC indemnification asset
Allowance for Loan Losses:
 
 
 
December 31, 2013
 
 
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Beginning balance
 
$
10,987

 
$
5,426

 
$
3,879

 
$
1,666

 
$
21,958

Provision for loan losses*
 
3,144

 
629

 
1,985

 
717

 
6,475

Loans charged -off
 
(4,830
)
 
(4,942
)
 
(3,615
)
 
—

 
(13,387
)
Recoveries
 
3,149

 
472

 
1,401

 
—

 
5,022

Ending Balance
 
$
12,450

 
$
1,585

 
$
3,650

 
$
2,383

 
$
20,068

* Provision before increase of $1.4 million in 2013 for increase in FDIC indemnification asset
  
Allowance for Loan Losses:
 
 
 
December 31, 2012
 
 
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Beginning balance
 
$
12,119

 
$
2,728

 
$
3,889

 
$
505

 
$
19,241

Provision for loan losses*
 
2,400

 
5,196

 
2,243

 
1,161

 
11,000

Loans charged -off
 
(4,176
)
 
(2,598
)
 
(3,640
)
 
—

 
(10,414
)
Recoveries
 
644

 
100

 
1,387

 
—

 
2,131

Ending Balance
 
$
10,987

 
$
5,426

 
$
3,879

 
$
1,666

 
$
21,958

* Provision before decrease of $2.2 million in 2012 for increase in FDIC indemnification asset
Allocation of the allowance for loan losses by portfolio segment based on the impairment method
The following tables present the allocation of the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method at December 31, 2014 and 2013:
 
Allowance for Loan Losses:
 
 
 
December 31, 2014
 
 
 
 
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Individually evaluated for impairment
 
$
1,911

 
$
—

 
$
—

 
$
—

 
$
1,911

Collectively evaluated for impairment
 
8,733

 
1,365

 
4,370

 
2,180

 
16,648

Acquired with deteriorated credit quality
 
271

 
9

 
—

 
—

 
280

BALANCE AT END OF YEAR
 
$
10,915

 
$
1,374

 
$
4,370

 
$
2,180

 
$
18,839

Loans
 
 

 
 

 
 

 
 

 
 

(Dollar amounts in thousands)
 
Commercial   
 
Residential   
 
Consumer   
 
 
 
Total   
Individually evaluated for impairment
 
$
14,573

 
$
33

 
$
—

 
 

 
$
14,606

Collectively evaluated for impairment
 
1,030,949

 
468,872

 
267,880

 
 

 
1,767,701

Acquired with deteriorated credit quality
 
4,887

 
1,631

 
—

 
 

 
6,518

BALANCE AT END OF YEAR
 
$
1,050,409

 
$
470,536

 
$
267,880

 
 

 
$
1,788,825


Allowance for Loan Losses:
 
 
 
December 31, 2013
 
 
 
 
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Individually evaluated for impairment
 
$
3,158

 
$
—

 
$
—

 
$
—

 
$
3,158

Collectively evaluated for impairment
 
8,421

 
1,408

 
3,650

 
2,383

 
15,862

Acquired with deteriorated credit quality
 
871

 
177

 
—

 
—

 
1,048

BALANCE AT END OF YEAR
 
$
12,450

 
$
1,585

 
$
3,650

 
$
2,383

 
$
20,068

Loans
 
 

 
 

 
 

 
 

 
 

(Dollar amounts in thousands)
 
Commercial   

 
Residential   

 
Consumer   

 
 

 
Total   

Individually evaluated for impairment
 
$
18,825

 
$
37

 
$
—

 
 

 
$
18,862

Collectively evaluated for impairment
 
1,020,771

 
481,439

 
269,352

 
 

 
1,771,562

Acquired with deteriorated credit quality
 
8,001

 
2,397

 
—

 
 

 
10,398

BALANCE AT END OF YEAR
 
$
1,047,597

 
$
483,873

 
$
269,352

 
 

 
$
1,800,822
Schedule of loans individually evaluated for impairment by class of loans
The following table presents loans individually evaluated for impairment by class of loan.
 
December 31, 2014
 
 
 
 
 
Allowance
 
 
 
 
 
Cash Basis
 
 
Unpaid
 
 
 
for Loan
 
Average
 
Interest
 
Interest
 
 
Principal
 
Recorded
 
Losses
 
Recorded
 
Income
 
Income
 
 
Balance
 
Investment
 
Allocated
 
Investment
 
Recognized
 
Recognized
With no related allowance recorded:
 
 

 
 

 
 

 
 

 
 

 
 

Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
1,200

 
$
926

 
$
—

 
$
2,589

 
$
—

 
$
—

Farmland
 
—

 
—

 
—

 
—

 
—

 
—

Non Farm, Non Residential
 
—

 
—

 
—

 
58

 
—

 
—

Agriculture
 
—

 
—

 
—

 
—

 
—

 
—

All Other Commercial
 
292

 
292

 
—

 
58

 
—

 
—

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
—

 
—

 
—

 
5

 
—

 
—

Home Equity
 
—

 
—

 
—

 
—

 
—

 
—

Junior Liens
 
—

 
—

 
—

 
—

 
—

 
—

Multifamily
 
—

 
—

 
—

 
—

 
—

 
—

All Other Residential
 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
—

 
—

 
—

 
—

 
—

 
—

All Other Consumer
 
—

 
—

 
—

 
—

 
—

 
—

With an allowance recorded:
 
 

 
 

 
 

 
 

 
 

 
 

Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
7,388

 
5,874

 
1,056

 
6,177

 
—

 
—

Farmland
 
—

 
—

 
—

 
—

 
—

 
—

Non Farm, Non Residential
 
6,654

 
6,654

 
753

 
6,698

 


 
—

Agriculture
 
—

 
—

 
—

 
—

 
—

 
—

All Other Commercial
 
827

 
827

 
102

 
1,112

 
—

 
—

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
33

 
33

 
—

 
35

 
—

 
—

Home Equity
 
—

 
—

 
—

 
—

 
—

 
—

Junior Liens
 
—

 
—

 
—

 


 
—

 
—

Multifamily
 
—

 
—

 
—

 
—

 
—

 
—

All Other Residential
 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
—

 
—

 
—

 
—

 
—

 
—

All Other Consumer
 
—

 
—

 
—

 
—

 
—

 
—

TOTAL
 
$
16,394

 
$
14,606

 
$
1,911

 
$
16,732

 
$
—

 
$
—

 












December 31, 2013
 
 
 
 
 
Allowance
 
 
 
 
 
Cash Basis
 
 
Unpaid
 
 
 
for Loan
 
Average
 
Interest
 
Interest
 
 
Principal
 
Recorded
 
Losses
 
Recorded
 
Income
 
Income
 
 
Balance
 
Investment
 
Allocated
 
Investment
 
Recognized
 
Recognized
With no related allowance recorded:
 
 

 
 

 
 

 
 

 
 

 
 

Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
2,120

 
$
1,918

 
$
—

 
$
1,555

 
$
—

 
$
—

Farmland
 
—

 
—

 
—

 
—

 
—

 
—

Non Farm, Non Residential
 
271

 
105

 
—

 
26

 
—

 
—

Agriculture
 
—

 
—

 
—

 
—

 
—

 
—

All Other Commercial
 
—

 
—

 
—

 
—

 
—

 
—

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
—

 
—

 
—

 
7

 
—

 
—

Home Equity
 
—

 
—

 
—

 
—

 
—

 
—

Junior Liens
 
—

 
—

 
—

 
—

 
—

 
—

Multifamily
 
—

 
—

 
—

 
—

 
—

 
—

All Other Residential
 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
—

 
—

 
—

 
—

 
—

 
—

All Other Consumer
 
—

 
—

 
—

 
—

 
—

 
—

With an allowance recorded:
 
 

 
 

 
 

 
 

 
 

 
 

Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
10,134

 
8,620

 
1,612

 
13,029

 
217

 
217

Farmland
 
—

 
—

 
—

 
356

 
113

 
113

Non Farm, Non Residential
 
7,664

 
7,204

 
1,500

 
7,921

 


 
—

Agriculture
 
—

 
—

 
—

 
—

 
—

 
—

All Other Commercial
 
1,062

 
1,062

 
46

 
2,979

 
—

 
—

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
37

 
37

 
—

 
524

 
—

 
—

Home Equity
 
—

 
—

 
—

 
113

 
—

 
—

Junior Liens
 
—

 
—

 
—

 


 
—

 
—

Multifamily
 
—

 
—

 
—

 
2,216

 
—

 
—

All Other Residential
 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
—

 
—

 
—

 
—

 
—

 
—

All Other Consumer
 
—

 
—

 
—

 
—

 
—

 
—

TOTAL
 
$
21,288

 
$
18,946

 
$
3,158

 
$
28,726

 
$
330

 
$
330

 

 
December 31, 2012
 
 
 
 
 
Cash Basis
 
 
Average
 
Interest
 
Interest
 
 
Recorded
 
Income
 
Income
 
 
Investment
 
Recognized
 
Recognized
With no related allowance recorded:
 
 

 
 

 
 

Commercial
 
 

 
 

 
 

Commercial & Industrial
 
$
1,013

 
$
—

 
$
—

Farmland
 
—

 
—

 
—

Non Farm, Non Residential
 
1,679

 
—

 
—

Agriculture
 
—

 
—

 
—

All Other Commercial
 
—

 
—

 
—

Residential
 
 

 
 

 
 

First Liens
 
150

 
—

 
—

Home Equity
 
—

 
—

 
—

Junior Liens
 
—

 
—

 
—

Multifamily
 
50

 
—

 
—

All Other Residential
 
—

 
—

 
—

Consumer
 
 

 
 

 
 

Motor Vehicle
 
—

 
—

 
—

All Other Consumer
 
—

 
—

 
—

With an allowance recorded:
 
 

 
 

 
 

Commercial
 
 

 
 

 
 

Commercial & Industrial
 
16,738

 
—

 
—

Farmland
 
891

 
—

 
—

Non Farm, Non Residential
 
5,000

 
179

 
—

Agriculture
 
—

 
—

 
—

All Other Commercial
 
1,362

 
—

 
—

Residential
 
 

 
 

 
 

First Liens
 
1,230

 
—

 
—

Home Equity
 
75

 
—

 
—

Junior Liens
 
176

 
—

 
—

Multifamily
 
2,216

 
—

 
—

All Other Residential
 
—

 
—

 
—

Consumer
 
 

 
 

 
 

Motor Vehicle
 
—

 
—

 
—

All Other Consumer
 
—

 
—

 
—

TOTAL
 
$
30,580

 
$
179

 
$
—
Schedule of non-performing loans
The following table presents the recorded investment in nonperforming loans by class of loans.
 
 
December 31, 2014
 
 
 
 
Loans Past
 
Troubled Debt
 
 
 
 
Due Over
90 Day Still
 
Restructured
 
 
(Dollar amounts in thousands)
 
Accruing
 
Accrual
 
Non-accrual
 
Non-accrual
Commercial
 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
—

 
$
7

 
$
4,961

 
$
3,720

Farmland
 
—

 
—

 
—

 
79

Non Farm, Non Residential
 
—

 
10

 
3,987

 
3,388

Agriculture
 
—

 
—

 
—

 
767

All Other Commercial
 
—

 
—

 
—

 
1,258

Residential
 
 

 
 

 
 
 
 

First Liens
 
603

 
4,357

 
842

 
3,861

Home Equity
 
88

 
—

 
—

 
404

Junior Liens
 
12

 
—

 
—

 
275

Multifamily
 
—

 
—

 
—

 
—

All Other Residential
 
5

 
—

 
—

 
111

Consumer
 
 

 
 

 
 
 
 

Motor Vehicle
 
162

 
257

 
83

 
210

All Other Consumer
 
3

 
1

 
269

 
961

TOTAL
 
$
873

 
$
4,632

 
$
10,142

 
$
15,034
Troubled debt restructurings on financing receivables
During the years ending December 31, 2014 and 2013, the terms of certain loans were modified as troubled debt restructurings (TDRs). The following tables present the activity for TDR's.
 
 
 
 
 
 
 
 
2014
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Total
January 1,
 
$
12,327

 
$
4,330

 
$
644

 
$
17,301

    Added
 
441

 
1,523

 
347

 
2,311

    Charged Off
 
(1,069
)
 
(93
)
 
(109
)
 
(1,271
)
    Payments
 
(2,744
)
 
(571
)
 
(268
)
 
(3,583
)
December 31,
 
$
8,955

 
$
5,189

 
$
614

 
$
14,758

 
 
 
 
 
 
 
 
2013
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Total
January 1,
 
$
16,474

 
$
4,107

 
$
704

 
$
21,285

    Added
 
1,561

 
841

 
270

 
2,672

    Charged Off
 
—

 
(32
)
 
(50
)
 
(82
)
    Payments
 
(5,708
)
 
(586
)
 
(280
)
 
(6,574
)
December 31,
 
$
12,327

 
$
4,330

 
$
644

 
$
17,301
Aging of recorded investment in loans by past due category and class of loans
The following table presents the aging of the recorded investment in loans by past due category and class of loans.
 
 
 
 
 
 
Greater
 
 
 
 
 
 
December 31, 2014
 
30-59 Days
 
60-89 Days
 
than 90 days
 
Total
 
 
 
 
(Dollar amounts in thousands)
 
Past Due
 
Past Due
 
Past Due
 
Past Due
 
Current
 
Total
Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
574

 
$
416

 
$
3,046

 
$
4,036

 
$
451,549

 
$
455,585

Farmland
 
—

 
—

 
—

 
—

 
95,452

 
95,452

Non Farm, Non Residential
 
1,528

 
68

 
202

 
1,798

 
232,440

 
234,238

Agriculture
 
246

 
18

 
502

 
766

 
149,099

 
149,865

All Other Commercial
 
255

 
—

 
—

 
255

 
115,014

 
115,269

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
6,011

 
963

 
1,522

 
8,496

 
308,068

 
316,564

Home Equity
 
141

 
33

 
310

 
484

 
40,043

 
40,527

Junior Liens
 
270

 
83

 
217

 
570

 
31,487

 
32,057

Multifamily
 
—

 
—

 
—

 
—

 
72,310

 
72,310

All Other Residential
 
112

 
—

 
5

 
117

 
8,961

 
9,078

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
3,026

 
557

 
180

 
3,763

 
242,406

 
246,169

All Other Consumer
 
114

 
7

 
3

 
124

 
21,587

 
21,711

TOTAL
 
$
12,277

 
$
2,145

 
$
5,987

 
$
20,409

 
$
1,768,416

 
$
1,788,825

 
 
 
 
 
 
 
Greater
 
 
 
 
 
 
December 31, 2013
 
30-59 Days
 
60-89 Days
 
than 90 days
 
Total
 
 
 
 
(Dollar amounts in thousands)
 
Past Due
 
Past Due
 
Past Due
 
Past Due
 
Current
 
Total
Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
1,076

 
$
266

 
$
7,900

 
$
9,242

 
$
459,076

 
$
468,318

Farmland
 
—

 
—

 
—

 
—

 
92,602

 
92,602

Non Farm, Non Residential
 
362

 
—

 
2,042

 
2,404

 
239,183

 
241,587

Agriculture
 
31

 
32

 
—

 
63

 
136,388

 
136,451

All Other Commercial
 
50

 
217

 
188

 
455

 
108,184

 
108,639

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
5,594

 
1,513

 
1,701

 
8,808

 
324,141

 
332,949

Home Equity
 
307

 
7

 
40

 
354

 
41,350

 
41,704

Junior Liens
 
392

 
170

 
471

 
1,033

 
32,269

 
33,302

Multifamily
 
103

 
19

 
400

 
522

 
66,138

 
66,660

All Other Residential
 
88

 
—

 
1

 
89

 
9,169

 
9,258

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
3,579

 
612

 
227

 
4,418

 
243,146

 
247,564

All Other Consumer
 
123

 
22

 
7

 
152

 
21,636

 
21,788

TOTAL
 
$
11,705

 
$
2,858

 
$
12,977

 
$
27,540

 
$
1,773,282

 
$
1,800,822
Analysis of risk category of loans by class of loans
As of December 31, 2014 and 2013, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:
 
December 31, 2014
 
 
 
Special
 
 
 
 
 
 
 
 
(Dollar amounts in thousands)
 
Pass
 
Mention
 
Substandard
 
Doubtful
 
Not Rated
 
Total
Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
393,449

 
$
29,081

 
$
24,013

 
$
2,900

 
$
4,717

 
$
454,160

Farmland
 
85,772

 
7,618

 
436

 
—

 
13

 
93,839

Non Farm, Non Residential
 
186,346

 
21,765

 
25,613

 
36

 
—

 
233,760

Agriculture
 
138,713

 
7,399

 
1,746

 
177

 
67

 
148,102

All Other Commercial
 
101,942

 
4,356

 
7,055

 
33

 
1,275

 
114,661

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
104,854

 
5,929

 
7,733

 
1,035

 
196,008

 
315,559

Home Equity
 
12,592

 
375

 
1,374

 
6

 
26,116

 
40,463

Junior Liens
 
8,112

 
173

 
561

 
63

 
23,053

 
31,962

Multifamily
 
69,080

 
1,801

 
1,249

 
—

 
3

 
72,133

All Other Residential
 
1,799

 
—

 
28

 
—

 
7,228

 
9,055

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
11,135

 
402

 
224

 
—

 
233,302

 
245,063

All Other Consumer
 
3,169

 
141

 
87

 
21

 
18,175

 
21,593

TOTAL
 
$
1,116,963

 
$
79,040

 
$
70,119

 
$
4,271

 
$
509,957

 
$
1,780,350

 
December 31, 2013
 
 
 
Special
 
 
 
 
 
 
 
 
(Dollar amounts in thousands)
 
Pass
 
Mention
 
Substandard
 
Doubtful
 
Not Rated
 
Total
Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
406,650

 
$
18,968

 
$
30,986

 
$
4,069

 
$
6,426

 
$
467,099

Farmland
 
86,633

 
3,631

 
347

 
—

 
445

 
91,056

Non Farm, Non Residential
 
207,115

 
13,408

 
19,719

 
809

 
—

 
241,051

Agriculture
 
128,137

 
6,482

 
105

 
—

 
71

 
134,795

All Other Commercial
 
93,515

 
2,297

 
10,038

 
44

 
2,243

 
108,137

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
114,074

 
3,834

 
8,498

 
995

 
204,416

 
331,817

Home Equity
 
12,883

 
274

 
1,071

 
113

 
27,295

 
41,636

Junior Liens
 
8,858

 
60

 
550

 
67

 
23,654

 
33,189

Multifamily
 
63,073

 
1,908

 
1,482

 
48

 
—

 
66,511

All Other Residential
 
3,643

 
—

 
31

 
—

 
5,550

 
9,224

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
11,447

 
219

 
510

 
9

 
234,210

 
246,395

All Other Consumer
 
3,507

 
46

 
79

 
22

 
17,984

 
21,638

TOTAL
 
$
1,139,535

 
$
51,127

 
$
73,416

 
$
6,176

 
$
522,294

 
$
1,792,548