XML 60 R35.htm IDEA: XBRL DOCUMENT v2.4.1.9
Loans and Related Allowance for Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2015
Loans and Related Allowance for Loan Losses [Abstract]  
Primary Segments of the Loan Portfolio

The following table summarizes the primary segments of the loan portfolio as of March 31, 2015 and December 31, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

Commercial Real Estate

Acquisition and Development

Commercial and Industrial

Residential Mortgage

Consumer

Total

March 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Individually evaluated for impairment

$
10,726 

$
6,088 

$
1,516 

$
4,516 

$
13 

$
22,859 

  Collectively evaluated for impairment

$
241,546 

$
93,325 

$
92,700 

$
362,221 

$
23,799 

$
813,591 

Total loans

$
252,272 

$
99,413 

$
94,216 

$
366,737 

$
23,812 

$
836,450 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Individually evaluated for impairment

$
11,949 

$
6,553 

$
1,861 

$
4,418 

$
0 

$
24,781 

  Collectively evaluated for impairment

$
244,115 

$
92,748 

$
91,394 

$
363,223 

$
23,730 

$
815,210 

Total loans

$
256,064 

$
99,301 

$
93,255 

$
367,641 

$
23,730 

$
839,991 

 

Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating

 

The following table presents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention and Substandard within the internal risk rating system as of March 31, 2015 and December 31, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

Pass

Special Mention

Substandard

Total

March 31, 2015

 

 

 

 

 

 

 

 

 Commercial real estate

 

 

 

 

 

 

 

 

    Non owner-occupied

$
110,491 

$
13,118 

$
10,050 

$
133,659 

    All other CRE

 
89,339 

 
9,486 

 
19,788 

 
118,613 

 Acquisition and development

 

 

 

 

 

 

 

 

    1-4 family residential construction

 
14,664 

 
0 

 
790 

 
15,454 

    All other A&D

 
69,225 

 
3,241 

 
11,493 

 
83,959 

 Commercial and industrial

 
89,494 

 
620 

 
4,102 

 
94,216 

 Residential mortgage

 

 

 

 

 

 

 

 

    Residential mortgage - term

 
279,724 

 
323 

 
10,888 

 
290,935 

    Residential mortgage - home equity

 
74,206 

 
50 

 
1,546 

 
75,802 

 Consumer

 
23,741 

 
0 

 
71 

 
23,812 

       Total

$
750,884 

$
26,838 

$
58,728 

$
836,450 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

 

 

 

 

 Commercial real estate

 

 

 

 

 

 

 

 

    Non owner-occupied

$
115,276 

$
10,884 

$
11,273 

$
137,433 

    All other CRE

 
90,740 

 
8,618 

 
19,273 

 
118,631 

 Acquisition and development

 

 

 

 

 

 

 

 

    1-4 family residential construction

 
12,920 

 
0 

 
790 

 
13,710 

    All other A&D

 
72,323 

 
1,356 

 
11,912 

 
85,591 

 Commercial and industrial

 
88,579 

 
884 

 
3,792 

 
93,255 

 Residential mortgage

 

 

 

 

 

 

 

 

    Residential mortgage - term

 
280,113 

 
379 

 
10,934 

 
291,426 

    Residential mortgage - home equity

 
74,698 

 
90 

 
1,427 

 
76,215 

 Consumer

 
23,658 

 
0 

 
72 

 
23,730 

       Total

$
758,307 

$
22,211 

$
59,473 

$
839,991 

 

Loan Portfolio Summarized by the Past Due Status

The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and non-accrual loans as of March 31, 2015 and December 31, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

Current

30-59 Days Past Due

60-89 Days Past Due

90 Days+ Past Due

Total Past Due and Accruing

Non-Accrual

Total Loans

March 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Non owner-occupied

$
131,635 

$
1,472 

$
64 

$
0 

$
1,536 

$
488 

$
133,659 

    All other CRE

 
109,328 

 
4,855 

 
66 

 
0 

 
4,921 

 
4,364 

 
118,613 

 Acquisition and development

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    1-4 family residential construction

 
15,454 

 
0 

 
0 

 
0 

 
0 

 
0 

 
15,454 

    All other A&D

 
80,256 

 
609 

 
0 

 
1 

 
610 

 
3,093 

 
83,959 

 Commercial and industrial

 
94,027 

 
0 

 
0 

 
19 

 
19 

 
170 

 
94,216 

 Residential mortgage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Residential mortgage - term

 
281,928 

 
7,211 

 
217 

 
87 

 
7,515 

 
1,492 

 
290,935 

    Residential mortgage - home equity

 
74,270 

 
986 

 
74 

 
61 

 
1,121 

 
411 

 
75,802 

 Consumer

 
23,594 

 
139 

 
45 

 
21 

 
205 

 
13 

 
23,812 

       Total

$
810,492 

$
15,272 

$
466 

$
189 

$
15,927 

$
10,031 

$
836,450 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Non owner-occupied

$
135,994 

$
104 

$
183 

$
0 

$
287 

$
1,152 

$
137,433 

    All other CRE

 
112,825 

 
1,196 

 
0 

 
0 

 
1,196 

 
4,610 

 
118,631 

 Acquisition and development

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    1-4 family residential construction

 
13,710 

 
0 

 
0 

 
0 

 
0 

 
0 

 
13,710 

    All other A&D

 
81,702 

 
239 

 
40 

 
1 

 
280 

 
3,609 

 
85,591 

 Commercial and industrial

 
93,060 

 
0 

 
20 

 
4 

 
24 

 
171 

 
93,255 

 Residential mortgage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Residential mortgage - term

 
279,340 

 
8,654 

 
1,350 

 
416 

 
10,420 

 
1,666 

 
291,426 

    Residential mortgage - home equity

 
74,913 

 
577 

 
313 

 
69 

 
959 

 
343 

 
76,215 

 Consumer

 
23,316 

 
287 

 
88 

 
39 

 
414 

 
0 

 
23,730 

       Total

$
814,860 

$
11,057 

$
1,994 

$
529 

$
13,580 

$
11,551 

$
839,991 

 

Primary Segments of the Allowance for Loan Loss

The following table summarizes the primary segments of the ALL, segregated by the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of March 31, 2015 and December 31, 2014: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

Commercial Real Estate

Acquisition and Development

Commercial and Industrial

Residential Mortgage

Consumer

Total

March 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Individually evaluated for impairment

$
33 

$
730 

$
0 

$
62 

$
0 

$
825 

  Collectively evaluated for impairment

$
2,543 

$
2,962 

$
1,477 

$
3,728 

$
216 

$
10,926 

Total ALL

$
2,576 

$
3,692 

$
1,477 

$
3,790 

$
216 

$
11,751 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Individually evaluated for impairment

$
36 

$
1,141 

$
0 

$
59 

$
0 

$
1,236 

  Collectively evaluated for impairment

$
2,388 

$
2,771 

$
1,680 

$
3,803 

$
187 

$
10,829 

Total ALL

$
2,424 

$
3,912 

$
1,680 

$
3,862 

$
187 

$
12,065 

 

Impaired Loans and Related Interest Income by Loan Portfolio Class

The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of March 31, 2015 and December 31, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired Loans with Specific Allowance

 

Impaired Loans with No Specific Allowance

 

Total Impaired Loans

(in thousands)

 

Recorded Investment

 

Related Allowances

 

Recorded Investment

 

Recorded Investment

 

Unpaid Principal Balance

March 31, 2015

 

 

 

 

 

 

 

 

 

 

 Commercial real estate

 

 

 

 

 

 

 

 

 

 

    Non owner-occupied

$
141 

$
33 

$
3,406 

$
3,547 

$
3,844 

    All other CRE

 
0 

 
0 

 
7,179 

 
7,179 

 
7,670 

 Acquisition and development

 

 

 

 

 

 

 

 

 

 

    1-4 family residential construction

 
790 

 
130 

 
0 

 
790 

 
836 

    All other A&D

 
2,069 

 
600 

 
3,229 

 
5,298 

 
9,240 

 Commercial and industrial

 
0 

 
0 

 
1,516 

 
1,516 

 
2,378 

 Residential mortgage

 

 

 

 

 

 

 

 

 

 

    Residential mortgage - term

 
290 

 
62 

 
3,815 

 
4,105 

 
4,471 

    Residential mortgage – home equity

 
0 

 
0 

 
411 

 
411 

 
432 

 Consumer

 
0 

 
0 

 
13 

 
13 

 
13 

       Total impaired loans

$
3,290 

$
825 

$
19,569 

$
22,859 

$
28,884 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

 

 

 

 

 

 

 Commercial real estate

 

 

 

 

 

 

 

 

 

 

    Non owner-occupied

$
143 

$
35 

$
4,353 

$
4,496 

$
4,543 

    All other CRE

 
0 

 
0 

 
7,453 

 
7,453 

 
7,944 

 Acquisition and development

 

 

 

 

 

 

 

 

 

 

    1-4 family residential construction

 
790 

 
105 

 
0 

 
790 

 
836 

    All other A&D

 
3,615 

 
1,037 

 
2,148 

 
5,763 

 
9,590 

 Commercial and industrial

 
0 

 
0 

 
1,861 

 
1,861 

 
2,723 

 Residential mortgage

 

 

 

 

 

 

 

 

 

 

    Residential mortgage - term

 
296 

 
59 

 
3,779 

 
4,075 

 
4,485 

    Residential mortgage – home equity

 
0 

 
0 

 
343 

 
343 

 
363 

 Consumer

 
0 

 
0 

 
0 

 
0 

 
0 

       Total impaired loans

$
4,844 

$
1,236 

$
19,937 

$
24,781 

$
30,484 

 

Allowance for Loan Losses Summarized by Loan Portfolio Segments

Activity in the ALL is presented for the three-month periods ended March 31, 2015 and March 31, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

Commercial Real Estate

Acquisition and Development

Commercial and Industrial

Residential Mortgage

Consumer

Total

ALL balance at January 1, 2015

$
2,424 

$
3,912 

$
1,680 

$
3,862 

$
187 

$
12,065 

Charge-offs

 
(287)

 
(231)

 
0 

 
37 

 
(96)

 
(577)

Recoveries

 
3 

 
15 

 
7 

 
105 

 
59 

 
189 

Provision

 
436 

 
(4)

 
(210)

 
(214)

 
66 

 
74 

ALL balance at March 31, 2015

$
2,576 

$
3,692 

$
1,477 

$
3,790 

$
216 

$
11,751 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALL balance at January 1, 2014

$
4,052 

$
4,172 

$
766 

$
4,320 

$
284 

$
13,594 

Charge-offs

 
(21)

 
(819)

 
(152)

 
(468)

 
(179)

 
(1,639)

Recoveries

 
10 

 
12 

 
3 

 
49 

 
179 

 
253 

Provision

 
(642)

 
531 

 
453 

 
61 

 
(39)

 
364 

ALL balance at March 31, 2014

$
3,399 

$
3,896 

$
1,070 

$
3,962 

$
245 

$
12,572 

 

Average of Impaired Loans and Related Interest Income by Loan Portfolio Class

 

The following table presents the average recorded investment in impaired loans by class and related interest income recognized for the periods indicated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

Three Months Ended

 

March 31, 2015

March 31, 2014

(in thousands)

Average investment

Interest income recognized on an accrual basis

Interest income recognized on a cash basis

Average investment

Interest income recognized on an accrual basis

Interest income recognized on a cash basis

 Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

    Non owner-occupied

$
4,022 

$
40 

$
0 

$
1,189 

$
7 

$
0 

    All other CRE

 
7,316 

 
27 

 
1 

 
10,489 

 
41 

 
1 

 Acquisition and development

 

 

 

 

 

 

 

 

 

 

 

 

    1-4 family residential construction

 
790 

 
9 

 
0 

 
2,365 

 
14 

 
0 

    All other A&D

 
5,530 

 
32 

 
0 

 
8,677 

 
61 

 
0 

 Commercial and industrial

 
1,689 

 
23 

 
0 

 
2,226 

 
26 

 
2 

 Residential mortgage

 

 

 

 

 

 

 

 

 

 

 

 

    Residential mortgage - term

 
4,091 

 
40 

 
0 

 
6,879 

 
54 

 
9 

    Residential mortgage – home equity

 
377 

 
0 

 
0 

 
683 

 
3 

 
1 

 Consumer

 
13 

 
0 

 
0 

 
11 

 
0 

 
0 

       Total

$
23,828 

$
171 

$
1 

$
32,519 

$
206 

$
13 

 

Modification of Troubled Debt Restructuring by Class

The following tables present the volume and recorded investment at the time of modification of TDRs by class and type of modification that occurred during the periods indicated:

 

 

 

 

 

 

 

 

 

 

 

 

Temporary Rate Modification

Extension of Maturity

Modification of Payment and Other Terms

(in thousands)

Number of Contracts

Recorded Investment

Number of Contracts

Recorded Investment

Number of Contracts

Recorded Investment

Three Months Ended March 31, 2015

 

 

 

 

 

 

 

 

 

 Commercial real estate

 

 

 

 

 

 

 

 

 

    Non owner-occupied
0 

$
0 
1 

$
3,097 
1 

$
136 

    All other CRE
0 

 
0 
0 

 
0 
5 

 
3,847 

 Acquisition and development

 

 

 

 

 

 

 

 

 

    1-4 family residential construction
0 

 
0 
0 

 
0 
0 

 
0 

    All other A&D
0 

 
0 
3 

 
372 
0 

 
0 

 Commercial and industrial
0 

 
0 
0 

 
0 
0 

 
0 

 Residential mortgage

 

 

 

 

 

 

 

 

 

    Residential mortgage – term
0 

 
0 
2 

 
599 
1 

 
116 

    Residential mortgage – home equity
0 

 
0 
0 

 
0 
0 

 
0 

 Consumer
0 

 
0 
0 

 
0 
0 

 
0 

       Total

0 

$
0 
6 

$
4,068 
7 

$
4,099 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Temporary Rate

 

Modification of Payment

 

Modification

Extension of Maturity

and Other Terms

 

Number of

Recorded

Number of

Recorded

Number of

Recorded

(in thousands)

Contracts

Investment

Contracts

Investment

Contracts

Investment

Three Months Ended March 31, 2014

 

 

 

 

 

 

 

 

 

 Commercial real estate

 

 

 

 

 

 

 

 

 

    Non owner-occupied
0 

$
0 
2 

$
277 
0 

$
0 

    All other CRE
0 

 
0 
0 

 
0 
1 

 
454 

 Acquisition and development

 

 

 

 

 

 

 

 

 

    1-4 family residential construction
0 

 
0 
0 

 
0 
0 

 
0 

    All other A&D
0 

 
0 
0 

 
0 
0 

 
0 

 Commercial and industrial
0 

 
0 
0 

 
0 
0 

 
0 

 Residential mortgage

 

 

 

 

 

 

 

 

 

    Residential mortgage – term
1 

 
90 
0 

 
0 
0 

 
0 

    Residential mortgage – home equity
0 

 
0 
0 

 
0 
0 

 
0 

 Consumer
0 

 
0 
0 

 
0 
0 

 
0 

       Total

1 

$
90 
2 

$
277 
1 

$
454