IMPAIRED LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

9 Months Ended

Sep. 30, 2014

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following table presents loans that were modified within the nine months ending September 30, 2014:

		Pre-		Post-
		Modification		Modification
	Number	Outstanding		Outstanding		Specific		Valuation
(Dollars in thousands)	of	Recorded		Recorded		Reserve		Allowance
Troubled Debt Restructurings Modified	Contracts	Investment		Investment		Recorded		Recorded
Residential real estate	5	$	669	$	621	$	0	$	48
Commercial real estate	1		4,300		3,975		0		325
	6	$	4,969	$	4,596	$	0	$	373

The following table presents loans that were modified within the nine months ending September 30, 2013:

			Pre-		Post-
			Modification		Modification
	Number		Outstanding		Outstanding		Specific		Valuation
(Dollars in thousands)	of		Recorded		Recorded		Reserve		Allowance
Troubled Debt Restructurings Modified	Contracts		Investment		Investment		Recorded		Recorded
Construction and Land Development		1	$	14	$	14		0		0
Residential Real Estate		8		990		865		0		125
Commercial Real Estate		7		3,421		3,059		0		362
Commercial and Financial		1		25		24		0		1
Consumer		1		92		74		0		18
		18	$	4,542	$	4,036	$	0	$	506

Summary of Troubled Debt Restructuring Note, Debtor [Table Text Block]

Accruing loans that were restructured within the twelve months preceding September 30, 2013 and defaulted during the nine months ended September 30, 2013 are presented in the table below.

	2013
(Dollars in thousands)	Number of		Recorded
Troubled Debt Restructurings Defaulted	Contracts		Investment
Construction and land development		0	$	0
Residential real estate		2		397
Commercial real estate		1		1,620
Commercial and financial		0		0
Consumer		0		0
		3	$	2,017

Impaired Financing Receivables [Table Text Block]

As of September 30, 2014 and December 31, 2013, the Company’s recorded investment in impaired loans and the related valuation allowance were as follows:

	September 30, 2014
			Unpaid		Related
	Recorded		Principal		Valuation
(Dollars in thousands)	Investment		Balance		Allowance
Impaired Loans with No Related Allowance Recorded:
Construction and land development	$	1,847	$	2,274	$	0
Commercial real estate		2,951		4,552		0
Residential real estate		10,148		14,475		0
Commercial and financial		148		148		0
Consumer		268		316		0
Impaired Loans with an Allowance Recorded:
Construction and land development		1,237		1,636		372
Commercial real estate		11,234		11,345		662
Residential real estate		19,522		20,536		3,279
Commercial and financial		8		8		8
Consumer		548		598		115
Total:
Construction and land development		3,084		3,910		372
Commercial real estate		14,185		15,897		662
Residential real estate		29,670		35,011		3,279
Commercial and financial		156		156		8
Consumer		816		914		115
	$	47,911	$	55,888	$	4,436

	December 31, 2013
			Unpaid		Related
	Recorded		Principal		Valuation
(Dollars in thousands)	Investment		Balance		Allowance
Impaired Loans with No Related Allowance Recorded:
Construction and land development	$	2,561	$	3,180	$	0
Commercial real estate		4,481		6,577		0
Residential real estate		12,366		17,372		0
Commercial and financial		153		153		0
Consumer		425		569		0
Impaired Loans with an Allowance Recorded:
Construction and land development		1,120		1,197		149
Commercial real estate		7,937		8,046		638
Residential real estate		23,365		24,766		4,528
Commercial and financial		13		13		13
Consumer		548		573		118
Total:
Construction and land development		3,681		4,377		149
Commercial real estate		12,418		14,623		638
Residential real estate		35,731		42,138		4,528
Commercial and financial		166		166		13
Consumer		973		1,142		118
	$	52,969	$	62,446	$	5,446

For the three months ended September 30, 2014 and 2013, the Company’s average recorded investments in impaired loans and related interest income were as follows:

	Three Months Ended				Three Months Ended
	September 30, 2014				September 30, 2013
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
(Dollars in thousands)	Investment		Recognized		Investment		Recognized
Impaired Loans with No Related Allowance
Recorded:
Construction & land development	$	2,088	$	29	$	2,715	$	25
Commercial real estate		3,067		3		6,475		4
Residential real estate		10,066		98		14,281		4
Commercial and financial		150		2		8		0
Consumer		276		1		136		2
Impaired Loans with an Allowance Recorded:
Construction & land development		1,110		6		1,135		15
Commercial real estate		11,801		124		12,203		149
Residential real estate		20,125		121		22,478		131
Commercial and financial		9		0		0		0
Consumer		546		8		564		6
Total:
Construction & land development		3,198		35		3,850		40
Commercial real estate		14,868		127		18,678		153
Residential real estate		30,191		219		36,759		135
Commercial and financial		159		2		8		0
Consumer		822		9		700		8
	$	49,238	$	392	$	59,995	$	336

For the nine months ended September 30, 2014 and 2013, the Company’s average recorded investments in impaired loans and related interest income were as follows:

	Nine Months Ended				Nine Months Ended
	September 30, 2014				September 30, 2013
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
(Dollars in thousands)	Investment		Recognized		Investment		Recognized
Impaired Loans with No Related Allowance
Recorded:
Construction & land development	$	2,160	$	80	$	2,382	$	79
Commercial real estate		2,618		10		8,288		14
Residential real estate		11,578		114		14,816		40
Commercial and financial		101		7		3		1
Consumer		322		1		140		3
Impaired Loans with an Allowance Recorded:
Construction & land development		1,244		18		1,410		30
Commercial real estate		10,502		485		20,144		319
Residential real estate		21,518		370		23,105		406
Commercial and financial		61		0		0		0
Consumer		543		18		579		18
Total:
Construction & land development		3,404		98		3,792		109
Commercial real estate		13,120		495		28,432		333
Residential real estate		33,096		484		37,921		446
Commercial and financial		162		7		3		1
Consumer		865		19		719		21
	$	50,647	$	1,103	$	70,867	$	910

Allowance for Credit Losses on Financing Receivables [Table Text Block]

Activity in the allowance for loan losses for the three and nine-month periods ended September 30, 2014 is summarized as follows:

	Allowance for Loan Losses for the Three Months Ended September 30, 2014
			Provision						Net
	Beginning		for Loan		Charge-				(Charge-offs)		Ending
(Dollars in thousands)	Balance		Losses		Offs		Recoveries		/Recoveries		Balance
Construction & land development	$	867	$	(26)	$	(68)	$	141	$	73	$	914
Commercial real estate		5,193		(1,913)		(130)		1,341		1,211		4,491
Residential real estate		10,631		167		(359)		159		(200)		10,598
Commercial and financial		709		244		(229)		71		(158)		795
Consumer		740		103		(80)		10		(70)		773
	$	18,140	$	(1,425)	$	(866)	$	1,722	$	856	$	17,571

	Allowance for Loan Losses for the Nine Months Ended September 30, 2014
			Provision						Net
	Beginning		for Loan		Charge-				(Charge-offs)		Ending
(Dollars in thousands)	Balance		Losses		Offs		Recoveries		/Recoveries		Balance
Construction & land development	$	808	$	178	$	(267)	$	195	$	(72)	$	914
Commercial real estate		6,160		(3,000)		(264)		1,595		1,331		4,491
Residential real estate		11,659		(1,243)		(566)		748		182		10,598
Commercial and financial		710		297		(337)		125		(212)		795
Consumer		731		164		(177)		55		(122)		773
	$	20,068	$	(3,604)	$	(1,611)	$	2,718	$	1,107	$	17,571

Activity in the allowance for loan losses for the three and nine-month periods ended September 30, 2013 is summarized as follows:

	Allowance for Loan Losses for the Three Months Ended September 30, 2013
			Provision						Net
	Beginning		for Loan		Charge-				(Charge-offs)		Ending
(Dollars in thousands)	Balance		Losses		Offs		Recoveries		/Recoveries		Balance
Construction & land development	$	877	$	(46)	$	(25)	$	41	$	16	$	847
Commercial real estate		6,725		377		(500)		239		(261)		6,841
Residential real estate		11,153		750		(677)		83		(594)		11,309
Commercial and financial		563		72		0		24		24		659
Consumer		760		27		(33)		6		(27)		760
	$	20,078	$	1,180	$	(1,235)	$	393	$	(842)	$	20,416

	Allowance for Loan Losses for the Nine Months Ended September 30, 2013
			Provision						Net
	Beginning		for Loan		Charge-				(Charge-offs)		Ending
(Dollars in thousands)	Balance		Losses		Offs		Recoveries		/Recoveries		Balance
Construction & land development	$	1,134	$	121	$	(582)	$	174	$	(408)	$	847
Commercial real estate		8,849		(1)		(2,546)		539		(2,007)		6,841
Residential real estate		11,090		2,338		(2,449)		330		(2,119)		11,309
Commercial and financial		468		(51)		(60)		302		242		659
Consumer		563		291		(112)		18		(94)		760
	$	22,104	$	2,698	$	(5,749)	$	1,363	$	(4,386)	$	20,416

Loan Portfolio And Related Allowance [Table Text Block]

The Company’s loan portfolio and related allowance at September 30, 2014 and December 31, 2013 is shown in the following tables:

	At September 30, 2014
	Individually Evaluated for				Collectively Evaluated for
	Impairment				Impairment				Total
	Carrying		Associated		Carrying		Associated		Carrying		Associated
(Dollars in thousands)	Value		Allowance		Value		Allowance		Value		Allowance
Construction & land development	$	3,084	$	372	$	54,767	$	542	$	57,851	$	914
Commercial real estate		14,185		662		556,474		3,829		570,659		4,491
Residential real estate		29,670		3,279		593,595		7,319		623,265		10,598
Commercial and financial		156		8		91,144		787		91,300		795
Consumer		816		115		47,191		658		48,007		773
	$	47,911	$	4,436	$	1,343,171	$	13,135	$	1,391,082	$	17,571

	At December 31, 2013
	Individually Evaluated for				Collectively Evaluated for
	Impairment				Impairment				Total
	Carrying		Associated		Carrying		Associated		Carrying		Associated
(Dollars in thousands)	Value		Allowance		Value		Allowance		Value		Allowance
Construction & land development	$	3,681	$	149	$	63,769	$	659	$	67,450	$	808
Commercial real estate		12,418		638		507,964		5,522		520,382		6,160
Residential real estate		35,731		4,528		557,015		7,131		592,746		11,659
Commercial and financial		166		13		78,470		697		78,636		710
Consumer		973		118		44,020		613		44,993		731
	$	52,969	$	5,446	$	1,251,238	$	14,622	$	1,304,207	$	20,068

- Definition

Tabular disclosure of troubled debt restructuring which results when the debtor restructures the terms of its debt with a creditor due to the debtor's financial difficulties and the creditor grants certain concessions to obtain payment it might not otherwise receive. Includes a description of the principal changes in terms, the major features of settlement for each restructuring, the aggregate gain on restructuring and the related income tax effect, the per share amount of the total gain on restructuring, net of related income tax effect, and the total gain (loss) on transfers of assets recognized during the period. After the troubled debt restructuring has occurred debtors discuss the extent and amount to which amounts contingently payable are included in the carrying amount of restructured payables, and the conditions under which those amounts would become payable or would be forgiven when there is at least a reasonable possibility that a liability for contingent payments will be incurred.

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