XML 34 R22.htm IDEA: XBRL DOCUMENT

Impaired Loans and Valuation Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2013

Impaired Loans and Valuation Allowance for Loan Losses [Abstract]

The following table presents loans that were modified within the three months ending March 31, 2013:


(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			$	14			$	13			$	0			$	1
Residential real estate			3				138				119				0				19
Commercial real estate			2				986				866				0				120
Commercial and financial			0				0				0				0				0
Consumer			1				92				74				0				18

			7			$	1,230			$	1,072			$	0			$	158

Troubled debt restructurings defaulted

Accruing loans that were restructured within the twelve months preceding March 31, 2013 and defaulted during the three months ended March 31, 2013 are presented in the table below.


		2013
(Dollars in thousands) Troubled Debt Restructurings Defaulted		Number of Contracts				Recorded Investment
Construction and land development			0			$	0
Residential real estate			1				72
Commercial real estate			0				0
Commercial and financial			0				0
Consumer			0				0

			1			$	72

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

As of March 31, 2013 and December 31, 2012, the Company’s recorded investment in impaired loans and the related valuation allowance were as follows:


		March 31, 2013
(Dollars in thousands)		Recorded Investment				Unpaid Principal Balance				Related Valuation Allowance
Impaired Loans with No Related Allowance Recorded:
Construction and land development		$	2,768			$	3,488			$	0
Commercial real estate			7,705				10,184				0
Residential real estate			15,088				21,435				0
Commercial and financial			0				0				0
Consumer			89				122				0
Impaired Loans with an Allowance Recorded:
Construction and land development			793				840				183
Commercial real estate			26,203				26,713				1,938
Residential real estate			23,049				23,798				4,410
Commercial and financial			0				0				0
Consumer			683				700				182
Total:
Construction and land development			3,561				4,328				183
Commercial real estate			33,908				36,897				1,938
Residential real estate			38,137				45,233				4,410
Commercial and financial			0				0				0
Consumer			772				822				182

		$	76,378			$	87,280			$	6,713


		December 31, 2012
(Dollars in thousands)		Recorded Investment				Unpaid Principal Balance				Related Valuation Allowance
Impaired Loans with No Related Allowance Recorded:
Construction and land development		$	1,128			$	1,608			$	0
Commercial real estate			12,357				14,337				0
Residential real estate			15,463				22,022				0
Commercial and financial			0				0				0
Consumer			223				255				0
Impaired Loans with an Allowance Recorded:
Construction and land development			2,897				2,941				230
Commercial real estate			26,130				26,648				2,264
Residential real estate			24,256				24,752				4,700
Commercial and financial			0				0				0
Consumer			447				460				75
Total:
Construction and land development			4,025				4,549				230
Commercial real estate			38,487				40,985				2,264
Residential real estate			39,719				46,774				4,700
Commercial and financial			0				0				0
Consumer			670				715				75

		$	82,901			$	93,023			$	7,269

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

For the three months ended March 31, 2013 and 2012, the Company’s average recorded investments in impaired loans and related interest income were as follows:


		Three Months Ended March 31, 2013								Three Months Ended March 31, 2012
(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		$	1,675			$	25			$	1,601			$	1
Commercial real estate			10,806				2				15,474				13
Residential real estate			15,338				2				9,073				2
Commercial and financial			0				0				14				0
Consumer			178				0				490				0
Impaired Loans with an Allowance Recorded:
Construction & land development			2,196				6				3,801				31
Commercial real estate			26,154				299				41,663				399
Residential real estate			23,854				140				27,106				216
Commercial and financial			0				0				67				0
Consumer			526				6				605				7
Total:
Construction & land development			3,871				31				5,402				32
Commercial real estate			36,960				301				57,137				412
Residential real estate			39,192				142				36,179				218
Commercial and financial			0				0				81				0
Consumer			704				6				1,095				7

		$	80,727			$	480			$	99,894			$	669

Activity in allowance for loan losses

Activity in the allowance for loan losses for the three-month period ended March 31, 2013 and 2012 is summarized as follows:


		Allowance for Loan Losses for the Three Months Ended March 31, 2013
(Dollars in thousands)		Beginning Balance				Provision for Loan Losses				Charge- Offs				Recoveries				Net Charge- Offs				Ending Balance
Construction & land development		$	1,134			$	193			$	(334	)		$	115			$	(219	)		$	1,108
Commercial real estate			8,849				49				(529	)			79				(450	)			8,448
Residential real estate			11,090				481				(946	)			97				(849	)			10,722
Commercial and financial			468				70				(60	)			80				20				558
Consumer			563				160				(27	)			8				(19	)			704

		$	22,104			$	953			$	(1,896	)		$	379			$	(1,517	)		$	21,540


		Allowance for Loan Losses for the Three Months Ended March 31, 2012
(Dollars in thousands)		Beginning Balance				Provision for Loan Losses				Charge- Offs				Recoveries				Net Charge- Offs				Ending Balance
Construction & land development		$	1,883			$	(159	)		$	(230	)		$	15			$	(215	)		$	1,509
Commercial real estate			11,477				1,645				(2,287	)			76				(2,211	)			10,911
Residential real estate			10,966				864				(1,054	)			50				(1,004	)			10,826
Commercial and financial			402				78				(97	)			34				(63	)			417
Consumer			837				(123	)			(13	)			91				78				792

		$	25,565			$	2,305			$	(3,681	)		$	266			$	(3,415	)		$	24,455

Loan portfolio and related allowance

The Company’s loan portfolio and related allowance at March 31, 2013 and 2012 is shown in the following tables.


		At March 31, 2013
		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		$	3,561			$	183			$	59,290			$	925			$	62,851			$	1,108
Commercial real estate			33,908				1,938				444,335				6,510				478,243				8,448
Residential real estate			38,137				4,410				536,386				6,312				574,523				10,722
Commercial and financial			0				0				64,752				558				64,752				558
Consumer			772				182				42,669				522				43,441				704

		$	76,378			$	6,713			$	1,147,432			$	14,827			$	1,223,810			$	21,540


		At March 31, 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		$	5,419			$	532			$	48,599			$	977			$	54,018			$	1,509
Commercial real estate			54,812				3,468				451,748				7,443				506,560				10,911
Residential real estate			38,002				4,069				512,261				6,757				550,263				10,826
Commercial and financial			10				0				54,551				417				54,561				417
Consumer			1,167				123				49,823				669				50,990				792

		$	99,410			$	8,192			$	1,116,982			$	16,263			$	1,216,392			$	24,455

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