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Allowance for Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2015
Loans and Leases Receivable, Allowance [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 three months
ended June 30. 
Allowance for Loan Losses:
 
June 30, 2015
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Beginning balance
 
$
10,818

 
$
1,622

 
$
4,494

 
$
2,417

 
$
19,351

Provision for loan losses
 
160

 
277

 
638

 
75

 
1,150

Loans charged -off
 
(272
)
 
(181
)
 
(1,026
)
 
—

 
(1,479
)
Recoveries
 
225

 
42

 
572

 
—

 
839

Ending Balance
 
$
10,931

 
$
1,760

 
$
4,678

 
$
2,492

 
$
19,861




Allowance for Loan Losses:
 
June 30, 2014
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Beginning balance
 
$
12,453

 
$
1,581

 
$
3,864

 
$
2,510

 
$
20,408

Provision for loan losses*
 
(1,051
)
 
(54
)
 
533

 
(248
)
 
(820
)
Loans charged -off
 
(710
)
 
(633
)
 
(982
)
 
—

 
(2,325
)
Recoveries
 
158

 
480

 
354

 
—

 
992

Ending Balance
 
$
10,850

 
$
1,374

 
$
3,769

 
$
2,262

 
$
18,255


* Provision before increase of $464 thousand in 2014 for decrease in FDIC indemnification asset
Allocation of the allowance for loan losses by portfolio segment based on the impairment method
The following table presents the allocation of the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method at June 30, 2015 and December 31, 2014. 
Allowance for Loan Losses
 
June 30, 2015
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Individually evaluated for impairment
 
$
1,305

 
$
27

 
$
—

 
$
—

 
$
1,332

Collectively evaluated for impairment
 
9,411

 
1,733

 
4,678

 
2,492

 
18,314

Acquired with deteriorated credit quality
 
215

 
—

 
—

 
—

 
215

Ending Balance
 
$
10,931

 
$
1,760

 
$
4,678

 
$
2,492

 
$
19,861

 
Loans:
 
June 30, 2015
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
 
 
Total
Individually evaluated for impairment
 
$
15,767

 
$
257

 
$
—

 
 
 
$
16,024

Collectively evaluated for impairment
 
1,054,233

 
444,548

 
269,039

 
 
 
1,767,820

Acquired with deteriorated credit quality
 
4,291

 
1,604

 
—

 
 
 
5,895

Ending Balance
 
$
1,074,291

 
$
446,409

 
$
269,039

 
 
 
$
1,789,739


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

Ending Balance
 
$
10,915

 
$
1,374

 
$
4,370

 
$
2,180

 
$
18,839


Loans
 
December 31, 2014
(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

Ending Balance
 
$
1,050,409

 
$
470,536

 
$
267,880

 
 
 
$
1,788,825
Schedule of loans individually evaluated for impairment by class of loans
The following tables present loans individually evaluated for impairment by class of loans. 

 
 
 
 
 
 
June 30, 2015
 
 
 
 
 
 
Unpaid
Principal
 
Recorded
 
Allowance
for Loan
Losses
 
Average
Recorded
 
Interest
Income
 
Cash Basis
Interest
(Dollar amounts in thousands)
 
Balance
 
Investment
 
Allocated
 
Investment
 
Recognized
 
Recognized
With no related allowance recorded:
 
 

 
 

 
 

 
 

 
 

 
 

Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
6,821

 
$
5,307

 
$
—

 
$
2,161

 
$
—

 
$
—

Farmland
 
—

 
—

 
—

 
—

 
—

 
—

Non Farm, Non Residential
 
3,955

 
3,955

 
—

 
1,318

 
—

 
—

Agriculture
 
—

 
—

 
—

 
—

 
—

 
—

All Other Commercial
 
1,793

 
1,793

 
—

 
780

 
—

 
—

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
31

 
31

 
—

 
10

 
—

 
—

Home Equity
 
—

 
—

 
—

 
—

 
—

 
—

Junior Liens
 
—

 
—

 
—

 
—

 
—

 
—

Multifamily
 
—

 
—

 
—

 
—

 
—

 
—

All Other Residential
 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
—

 
—

 
—

 
—

 
—

 
—

All Other Consumer
 
—

 
—

 
—

 
—

 
—

 
—

With an allowance recorded:
 
 

 
 

 
 

 
 

 
 

 
 

Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
2,102

 
1,809

 
294

 
4,900

 
—

 
—

Farmland
 
—

 
—

 
—

 
—

 
—

 
—

Non Farm, Non Residential
 
2,350

 
2,351

 
919

 
5,162

 
—

 
—

Agriculture
 
—

 
—

 
—

 
—

 
—

 
—

All Other Commercial
 
552

 
552

 
92

 
653

 
—

 
—

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
226

 
226

 
27

 
175

 
—

 
—

Home Equity
 
—

 
—

 
—

 
—

 
—

 
—

Junior Liens
 
—

 
—

 
—

 
—

 
—

 
—

Multifamily
 
—

 
—

 
—

 
—

 
—

 
—

All Other Residential
 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
—

 
—

 
—

 
—

 
—

 
—

All Other Consumer
 
—

 
—

 
—

 
—

 
—

 
—

TOTAL
 
$
17,830

 
$
16,024

 
$
1,332

 
$
15,159

 
$
—

 
$
—

 



 
 
 
 
 
 
December 31, 2014
 
 
 
 
 
 
Unpaid
Principal
 
Recorded
 
Allowance
for Loan
Losses
 
Average
Recorded
 
Interest
Income
 
Cash Basis
Interest
Income
(Dollar amounts in thousands)
 
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

 
$
—

 
$
—

 
Schedule of non-performing loans
The tables below presents the recorded investment in non-performing loans.
 
 
June 30, 2015
 
 
Loans Past
Due Over
90 Day Still
 
Troubled
Debt
 
 
(Dollar amounts in thousands)
 
Accruing
 
Accruing
 
Nonaccrual
 
Nonaccrual
Commercial
 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
—

 
$
5

 
$
4,793

 
$
4,002

Farmland
 
—

 
—

 
—

 
228

Non Farm, Non Residential
 
—

 
9

 
3,898

 
3,419

Agriculture
 
—

 
—

 
—

 
537

All Other Commercial
 
—

 
—

 
—

 
2,334

Residential
 
 

 
 

 
 
 
 

First Liens
 
626

 
4,597

 
1,007

 
4,275

Home Equity
 
24

 
—

 
—

 
306

Junior Liens
 
63

 
—

 
—

 
157

Multifamily
 
—

 
—

 
—

 
—

All Other Residential
 
—

 
—

 
—

 
99

Consumer
 
 

 
 

 
 
 
 

Motor Vehicle
 
38

 
208

 
15

 
137

All Other Consumer
 
5

 
21

 
414

 
1,059

TOTAL
 
$
756

 
$
4,840

 
$
10,127

 
$
16,553


 
 
December 31, 2014
 
 
Loans Past
Due Over
90 Day Still
 
Troubled
Debt
 
 
(Dollar amounts in thousands)
 
Accruing
 
Accruing
 
Nonaccrual
 
Nonaccrual
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
Aging of recorded investment in loans by past due category and class of loans
The following tables presents the aging of the recorded investment in loans by past due category and class of loans.  
 
 
June 30, 2015
 
 
30-59 Days
 
60-89 Days
 
Greater
than 90 days
 
Total
 
 
 
 
(Dollar amounts in thousands)
 
Past Due
 
Past Due
 
Past Due
 
Past Due
 
Current
 
Total
Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
386

 
$
125

 
$
3,568

 
$
4,079

 
$
495,992

 
$
500,071

Farmland
 
—

 
—

 
—

 
—

 
97,763

 
97,763

Non Farm, Non Residential
 
551

 
223

 
206

 
980

 
217,839

 
218,819

Agriculture
 
24

 
271

 
27

 
322

 
132,839

 
133,161

All Other Commercial
 
67

 
—

 
—

 
67

 
124,410

 
124,477

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
594

 
703

 
1,360

 
2,657

 
303,745

 
306,402

Home Equity
 
182

 
25

 
125

 
332

 
37,747

 
38,079

Junior Liens
 
191

 
17

 
158

 
366

 
30,533

 
30,899

Multifamily
 
—

 
—

 
—

 
—

 
64,051

 
64,051

All Other Residential
 
—

 
—

 
—

 
—

 
6,978

 
6,978

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
2,686

 
379

 
38

 
3,103

 
244,584

 
247,687

All Other Consumer
 
83

 
16

 
4

 
103

 
21,249

 
21,352

TOTAL
 
$
4,764

 
$
1,759

 
$
5,486

 
$
12,009

 
$
1,777,730

 
$
1,789,739

 
 
 
December 31, 2014
 
 
30-59 Days
 
60-89 Days
 
Greater
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
Analysis of risk category of loans by class of loans
Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Loans listed as not rated are either less than $100 thousand or are included in groups of homogeneous loans. As of June 30, 2015 and December 31, 2014, and based on the most recent analysis performed, the risk category of loans by class of loans are as follows:
 
 
June 30, 2015
(Dollar amounts in thousands)
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Not Rated
 
Total
Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
429,845

 
$
36,520

 
$
23,715

 
$
2,755

 
$
5,689

 
$
498,524

Farmland
 
85,745

 
7,747

 
2,907

 
—

 
12

 
96,411

Non Farm, Non Residential
 
189,429

 
6,214

 
22,659

 
36

 
—

 
218,338

Agriculture
 
115,653

 
6,658

 
9,245

 
27

 
156

 
131,739

All Other Commercial
 
107,893

 
6,972

 
7,191

 
105

 
1,659

 
123,820

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
98,064

 
5,275

 
8,106

 
739

 
193,208

 
305,392

Home Equity
 
11,554

 
451

 
1,255

 
11

 
24,749

 
38,020

Junior Liens
 
7,815

 
120

 
490

 
60

 
22,329

 
30,814

Multifamily
 
61,357

 
—

 
2,540

 
—

 
22

 
63,919

All Other Residential
 
1,258

 
—

 
26

 
—

 
5,678

 
6,962

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
11,007

 
421

 
386

 
—

 
234,826

 
246,640

All Other Consumer
 
3,088

 
109

 
102

 
16

 
17,929

 
21,244

TOTAL
 
$
1,122,708

 
$
70,487

 
$
78,622

 
$
3,749

 
$
506,257

 
$
1,781,823

 
 
December 31, 2014
(Dollar amounts in thousands)
 
Pass
 
Special
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
Troubled Debt Restructurings on Financing Receivables
During the three and six months ended June 30, 2015 and 2014, the terms of certain loans were modified as troubled debt restructurings (TDRs). The following tables present the activity for TDR's.

 
 
 
 
2015
 
 
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Total
April 1,
 
8,835

 
5,618

 
575

 
15,028

    Added
 
—

 
73

 
140

 
213

    Charged Off
 
—

 
—

 
—

 
—

    Payments
 
(130
)
 
(102
)
 
(58
)
 
(290
)
June 30,
 
8,705

 
5,589

 
657

 
14,951


 
 
 
 
2015
 
 
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Total
January 1,
 
8,955

 
5,189

 
614

 
14,758

    Added
 
—

 
652

 
189

 
841

    Charged Off
 
—

 
(62
)
 
(40
)
 
(102
)
    Payments
 
(250
)
 
(190
)
 
(106
)
 
(546
)
June 30,
 
8,705

 
5,589

 
657

 
14,951


 
 
 
 
2014
 
 
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Total
April 1,
 
9,343

 
4,362

 
620

 
21,285

    Added
 
441

 
668

 
30

 
1,139

    Charged Off
 
—

 
—

 
(19
)
 
(19
)
    Payments
 
(578
)
 
(74
)
 
(72
)
 
(724
)
June 30,
 
9,206

 
4,956

 
559

 
14,721


 
 
 
 
2014
 
 
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Total
January 1,
 
12,327

 
4,330

 
644

 
21,285

    Added
 
441

 
801

 
98

 
1,340

    Charged Off
 
(1,069
)
 
—

 
(39
)
 
(1,108
)
    Payments
 
(2,493
)
 
(175
)
 
(144
)
 
(2,812
)
June 30,
 
9,206

 
4,956

 
559

 
14,721