XML 60 R20.htm IDEA: XBRL DOCUMENT

Impaired Loans and Valuation Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2012

Impaired Loans and Valuation Allowance for Loan Losses [Abstract]

Presentation of loans that were modified within the nine months

The following table presents loans that were modified within the nine months ended September 30, 2012:


September 30, 2012 (Dollars in thousands) Troubled Debt Restructurings Modified		Number of Contracts				Pre- Modification Outstanding Recorded Investment				Post- Modification Outstanding Recorded Investment				Specific Reserve Recorded				Valuation Allowance Recorded
Construction and land development			1			$	70			$	64			$	0			$	6
Residential real estate			22				4,242				3,949				0				293
Commercial real estate			2				800				747				0				53
Commercial and financial			0				0				0				0				0
Consumer			2				75				72				0				3

			27			$	5,187			$	4,832			$	0			$	355

Troubled debt restructurings defaulted

Accruing loans that were restructured within the twelve months preceding September 30, 2012 and defaulted during the nine months ended September 30, 2012 is presented in the table below.


		2012
(Dollars in thousands) Troubled Debt Restructurings Defaulted		Number of Contracts				Recorded Investment
Construction and land development			0			$	0
Residential real estate			3				600
Commercial real estate			1				225
Commercial and financial			0				0
Consumer			0				0

			4			$	825

Company's recorded investments in impaired loans and the related valuation allowances

As of September 30, 2012 and December 31, 2011, the Company’s recorded investments in impaired loans and the related valuation allowances were as follows:


		September 30, 2012
(Dollars in thousands)		Recorded Investment				Unpaid Principal Balance				Related Valuation Allowance
Impaired Loans with No Related Allowance Recorded:
Construction and land development		$	1,103			$	1,447			$	0
Commercial real estate			13,199				18,410				0
Residential real estate			12,147				9,644				0
Commercial and financial			3				4				0
Consumer			391				440				0
Impaired Loans with an Allowance Recorded:
Construction and land development			3,422				3,047				444
Commercial real estate			31,634				32,032				3,533
Residential real estate			26,134				24,655				4,440
Commercial and financial			34				229				1
Consumer			562				577				100
Total:
Construction and land development			4,525				4,494				444
Commercial real estate			44,833				50,442				3,533
Residential real estate			38,281				34,299				4,440
Commercial and financial			37				233				1
Consumer			953				1,017				100

		$	88,629			$	90,485			$	8,518


		December 31, 2011
(Dollars in thousands)		Recorded Investment				Unpaid Principal Balance				Related Valuation Allowance
Impaired Loans with No Related Allowance Recorded:
Construction and land development		$	1,616			$	2,431			$	0
Commercial real estate			19,101				22,219				0
Residential real estate			9,128				13,442				0
Commercial and financial			16				16				0
Consumer			481				523				0
Impaired Loans with an Allowance Recorded:
Construction and land development			3,777				4,131				375
Commercial real estate			39,199				39,824				3,385
Residential real estate			26,140				26,940				3,099
Commercial and financial			101				101				8
Consumer			578				584				112
Total:
Construction and land development			5,393				6,562				375
Commercial real estate			58,300				62,043				3,385
Residential real estate			35,268				40,382				3,099
Commercial and financial			117				117				8
Consumer			1,059				1,107				112

		$	100,137			$	110,211			$	6,979

Company's average recorded investments in impaired loans and the related interest income

For the nine months ended September 30, 2012 and 2011, the Company’s average recorded investments in impaired loans and related interest income were as follows:


		Nine Months Ended September 30, 2012								Nine Months Ended September 30, 2011
(Dollars in thousands)		Average Recorded Investment				Interest Income Recognized				Average Recorded Investment				Interest Income Recognized
Impaired Loans with No Related Allowance
Recorded:
Construction & land development		$	1,495			$	1			$	2,784			$	15
Commercial real estate			11,831				326				22,062				302
Residential real estate			11,608				129				8,737				77
Commercial and financial			9				0				1,026				2
Consumer			463				0				397				2
Impaired Loans with an Allowance Recorded:
Construction & land development			3,637				98				17,051				108
Commercial real estate			42,769				1,204				44,690				1,369
Residential real estate			27,223				617				27,148				642
Commercial and financial			38				8				172				2
Consumer			605				17				754				29
Total:
Construction & land development			5,132				99				19,835				123
Commercial real estate			54,600				1,530				66,752				1,671
Residential real estate			38,831				746				35,885				719
Commercial and financial			47				8				1,198				4
Consumer			1,068				17				1,151				31

		$	99,678			$	2,400			$	124,821			$	2,548

Transactions in the allowance for loan losses

Transactions in the allowance for loan losses for the three and nine-month periods ended September 30, 2012 are summarized as follows:


		Allowance for Loan Losses for the Three Months Ended Sept. 30, 2012
(Dollars in thousands)		Beginning Balance				Provision for Loan Losses				Charge- Offs				Recoveries				Net Charge- Offs				Ending Balance
Construction & land development		$	1,355			$	(194	)		$	(92	)		$	210			$	118			$	1,279
Commercial real estate			11,977				225				(1,906	)			117				(1,789	)			10,413
Residential real estate			10,312				950				(995	)			234				(761	)			10,501
Commercial and financial			329				(34	)			0				40				40				335
Consumer			662				(47	)			(34	)			10				(24	)			591

		$	24,635			$	900			$	(3,027	)		$	611			$	(2,416	)		$	23,119


		Allowance for Loan Losses for the Nine Months Ended Sept. 30, 2012
(Dollars in thousands)		Beginning Balance				Provision for Loan Losses				Charge- Offs				Recoveries				Net Charge- Offs				Ending Balance
Construction & land development		$	1,883			$	(329	)		$	(571	)		$	296			$	(275	)		$	1,279
Commercial real estate			11,477				6,285				(7,637	)			288				(7,349	)			10,413
Residential real estate			10,966				3,856				(4,819	)			498				(4,321	)			10,501
Commercial and financial			402				116				(291	)			108				(183	)			335
Consumer			837				(268	)			(88	)			110				22				591

		$	25,565			$	9,660			$	(13,406	)		$	(1,300	)		$	(12,106	)		$	23,119

Transactions in the allowance for loan losses for the three and nine-month periods ended September 30, 2011 are summarized as follows:


		Allowance for Loan Losses for the Three Months Ended Sept. 30, 2011
(Dollars in thousands)		Beginning Balance				Provision for Loan Losses				Charge- Offs				Recoveries				Net Charge- Offs				Ending Balance
Construction & land development		$	2,031			$	331			$	(720	)		$	190			$	(530	)		$	1,832
Commercial real estate			16,251				(2,686	)			(74	)			16				(58	)			13,507
Residential real estate			11,375				2,527				(2,368	)			196				(2,172	)			11,730
Commercial and financial			572				(309	)			0				131				131				394
Consumer			1,002				137				(213	)			12				(201	)			938

		$	31,231			$	0			$	(3,375	)		$	545			$	(2,830	)		$	28,401


		Allowance for Loan Losses for the Nine Months Ended Sept. 30, 2011
(Dollars in thousands)		Beginning Balance				Provision for Loan Losses				Charge- Offs				Recoveries				Net Charge- Offs				Ending Balance
Construction & land development		$	7,214			$	(1,471	)		$	(4,418	)		$	507			$	(3,911	)		$	1,832
Commercial real estate			18,563				(3,759	)			(1,331	)			34				(1,297	)			13,507
Residential real estate			10,102				7,205				(5,922	)			345				(5,577	)			11,730
Commercial and financial			480				(349	)			0				263				263				394
Consumer			1,385				(84	)			(417	)			54				(363	)			938

		$	37,744			$	1,542			$	(12,088	)		$	1,203			$	(10,885	)		$	28,401

Loan portfolio and related allowance

The Company’s loan portfolio and related allowance as of September 30, 2012 and 2011 is shown in the following tables:


		At September 30, 2012
		Individually Evaluated for Impairment								Collectively Evaluated for Impairment								Total
(Dollars in thousands)		Carrying Value				Associated Allowance				Carrying Value				Associated Allowance				Carrying Value				Associated Allowance
Construction & land development		$	4,525			$	444			$	51,688			$	835			$	56,213			$	1,279
Commercial real estate			44,833				3,533				428,970				6,880				473,803				10,413
Residential real estate			38,281				4,440				524,140				6,061				562,421				10,501
Commercial and financial			37				1				58,185				334				58,222				335
Consumer			953				100				50,866				491				51,819				591

		$	88,629			$	8,518			$	1,113,849			$	14,601			$	1,202,478			$	23,119


		At September 30, 2011
		Individually Evaluated for Impairment								Collectively Evaluated for Impairment								Total
(Dollars in thousands)		Carrying Value				Associated Allowance				Carrying Value				Associated Allowance				Carrying Value				Associated Allowance
Construction & land development		$	5,401			$	288			$	42,252			$	1,544			$	47,653			$	1,832
Commercial real estate			64,001				4,962				455,350				8,545				519,351				13,507
Residential real estate			34,609				3,277				501,316				8,453				535,925				11,730
Commercial and financial			122				9				53,412				385				53,534				394
Consumer			1,274				168				50,811				770				52,085				938

		$	105,407			$	8,704			$	1,103,141			$	19,697			$	1,208,548			$	28,401

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.

+ References+ Details