Loans and Loans Held for Sale (Tables)

12 Months Ended

Dec. 31, 2014

The following table indicates the composition of the loans as of the dates presented:



	December 31,
(dollars in thousands)	2014		2013
Commercial
Commercial real estate	$	1,682,236	$	1,607,756
Commercial and industrial	994,138		842,449
Commercial construction	216,148		143,675
Total Commercial Loans	2,892,522		2,593,880
Consumer
Residential mortgage	489,586		487,092
Home equity	418,563		414,195
Installment and other consumer	65,567		67,883
Consumer construction	2,508		3,149
Total Consumer Loans	976,224		972,319
Total Portfolio Loans	3,868,746		3,566,199
Loans held for sale	2,970		2,136
Total Loans	$	3,871,716	$	3,568,335

Restructured Loans for Periods Presented

The following table summarizes the restructured loans as of the dates presented:



	December 31, 2014						December 31, 2013
(dollars in thousands)	Performing TDRs		Nonperforming TDRs		Total TDRs		Performing TDRs		Nonperforming TDRs		Total TDRs
Commercial real estate	$	16,939	$	2,180	$	19,119	$	19,711	$	3,898	$	23,609
Commercial and industrial	8,074		356		8,430		7,521		1,884		9,405
Commercial construction	5,736		1,869		7,605		5,338		2,708		8,046
Residential mortgage	2,839		459		3,298		2,581		1,356		3,937
Home equity	3,342		562		3,904		3,924		218		4,142
Installment and other consumer	53		10		63		154		3		157
Total	$	36,983	$	5,436	$	42,419	$	39,229	$	10,067	$	49,296

Restructured Loans for Periods Stated

The following tables present the restructured loans for the 12 months ended December 31:



	2014
(dollars in thousands)	Number of Loans	Pre-Modification Outstanding Recorded Investment⁽¹⁾		Post-Modification Outstanding Recorded Investment⁽¹⁾		Total Difference in Recorded Investment
Commercial real estate
Principal deferral	4	$	1,991	$	1,965	$	26
Commercial and industrial
Principal deferral	2	$	381	$	356	$	25
Commercial construction
Maturity date extension	1	1,019		974		45
Residential mortgage
Chapter 7 bankruptcy⁽²⁾	9	651		634		17
Home equity
Maturity date extension	6	349		348		1
Interest rate reduction and maturity date extension	2	96		95		1
Chapter 7 bankruptcy⁽²⁾	15	432		382		50
Installment and other consumer
Chapter 7 bankruptcy⁽²⁾	5	30		23		7
Total by Concession Type
Principal deferral	6	2,372		2,321		51
Interest rate reduction and maturity date extension	2	96		95		1
Maturity date extension	7	1,368		1,322		46
Chapter 7 bankruptcy⁽²⁾	29	1,113		1,039		74
Total	44	$	4,949	$	4,777	$	172


(1)	Excludes loans that were fully paid off or fully charged-off by period end. The pre-modification balance represents the balance outstanding prior to modification. The post-modification balance represents the outstanding balance at period end.


(2)	Chapter 7 bankruptcy loans where the debt has been legally discharged through the bankruptcy court and not reaffirmed.



	2013
(dollars in thousands)	Number of Loans	Pre-Modification Outstanding Recorded Investment⁽¹⁾		Post-Modification Outstanding Recorded Investment⁽¹⁾		Total Difference in Recorded Investment
Commercial real estate
Principal deferral	4	$	2,772	$	2,494	$	(278	)
Interest rate reduction and maturity date extension	2	664		636		(28		)
Principal forgiveness ⁽²⁾	1	4,339		4,216		(123		)
Maturity date extension	1	219		219		—
Chapter 7 bankruptcy⁽³⁾	6	227		190		(37		)
Commercial and industrial
Principal deferral	2	$	670	$	638	$	(32	)
Maturity date extension	1	751		739		(12		)
Chapter 7 bankruptcy⁽³⁾	1	3		1		(2		)
Residential mortgage
Principal deferral	2	153		149		(4		)
Interest rate reduction	1	54		54		—
Chapter 7 bankruptcy⁽³⁾	8	617		592		(25		)
Home Equity
Principal deferral	1	174		17		(157		)
Chapter 7 bankruptcy⁽³⁾	30	1,032		982		(50		)
Installment and other consumer
Chapter 7 bankruptcy⁽³⁾	11	104		91		(13		)
Total by Concession Type
Principal deferral	9	3,769		3,298		(471		)
Interest rate reduction	1	54		54		—
Interest rate reduction and maturity date extension	2	664		636		(28		)
Principal forgiveness ⁽²⁾	1	4,339		4,216		(123		)
Maturity date extension	2	970		958		(12		)
Chapter 7 bankruptcy⁽³⁾	56	1,983		1,856		(127		)
Total	71	$	11,779	$	11,018	$	(761	)


(1)	Excludes loans that were fully paid off or fully charged-off by period end. The pre-modification balance represents the balance outstanding prior to modification. The post-modification balance represents the outstanding balance at period end.


(2)	This loan had debt forgiveness of $0.1 million to the customer; however, the loan was previously charged-off to a balance below the actual contractual balance.


(3)	Chapter 7 bankruptcy loans where the debt has been legally discharged through the bankruptcy court and not reaffirmed.

Summary of Nonperforming Assets of Defaulted TDRs

The following table is a summary of TDRs which defaulted during the years ended December 31, 2014 and 2013 that had been restructured within the last 12 months prior to defaulting:



	Defaulted TDRs
	For the Year Ended December 31, 2014			For the Year Ended December 31, 2013
(dollars in thousands)	Number of Defaults	Recorded Investment		Number of Defaults	Recorded Investment
Commercial real estate	—	$	—	1	$	75
Commercial and industrial	—	—		2	438
Residential real estate	1	20		8	607
Home equity	2	44		6	193
Total	3	$	64	17	$	1,313

Summary of Nonperforming Assets

The following table is a summary of nonperforming assets as of the dates presented:



	December 31,
(dollars in thousands)	2014		2013
Nonperforming Assets
Nonaccrual loans	$	7,021	$	12,387
Nonaccrual TDRs	5,436		10,067
Total nonaccrual loans	12,457		22,454
OREO	166		410
Total Nonperforming Assets	$	12,623	$	22,864

Summary of Aggregate Amount of Loans

The following table presents a summary of the aggregate amount of loans to any such persons as of December 31:



(dollars in thousands)	2014			2013
Balance at beginning of year	$	23,848		$	36,075
New loans	27,799			22,534
Repayments	(24,279		)	(34,761		)
Balance at End of Year	$	27,368		$	23,848