XML 69 R36.htm IDEA: XBRL DOCUMENT v2.4.0.6
Loans (Tables)
 12 Months Ended
Dec. 31, 2012
Loans  
Schedule of loans by primary loan portfolio segment

 

 

 

 

December 31,

 

(In thousands)

 

2012

 

2011

 

Commercial and industrial

 

$

426,930

 

$

393,729

 

Construction and development

 

131,253

 

147,637

 

Real estate mortgage:

 

989,631

 

966,665

 

Consumer

 

36,780

 

36,814

 

 

 

 

 

 

 

 

 

$

1,584,594

 

$

1,544,845

 

 
Schedule of loans to directors and their associates, including loans to companies for which directors are principal owners, and executive officers

 

 

 

 

Year ended December 31,

 

Loans to directors and executive officers

 

2012

 

2011

 

(in thousands)

 

 

 

 

 

 

 

Balance as of January 1

 

$

622

 

$

642

 

New loans and advances on lines of credit

 

6,691

 

11,924

 

Repayments on loans and lines of credit

 

1,214

 

11,944

 

Balance as of December 31

 

$

6,099

 

$

622

 

 
Schedule of the balance in the recorded investment in loans and allowance for loan losses by portfolio segment and based on impairment method

 

 

 

 

Type of loan

 

 

 

 

 

December 31, 2012

 

Commercial

 

Construction

 

Real estate

 

 

 

 

 

 

 

(in thousands)

 

and industrial

 

and development

 

mortgage

 

Consumer

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance

 

$

426,930

 

$

131,253

 

$

989,631

 

$

36,780

 

 

 

$

1,584,594

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance: loans individually evaluated for impairment

 

$

8,667

 

$

10,863

 

$

9,795

 

$

4

 

 

 

$

29,329

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance: loans collectively evaluated for impairment

 

$

418,263

 

$

120,390

 

$

979,836

 

$

36,776

 

 

 

$

1,555,265

 

 

 

 

Commercial

 

Construction

 

Real estate

 

 

 

 

 

 

 

 

 

and industrial

 

and development

 

mortgage

 

Consumer

 

Unallocated

 

Total

 

Allowance for loan losses

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance December 31, 2011

 

$

7,364

 

$

3,546

 

$

11,182

 

$

540

 

$

7,113

 

$

29,745

 

Provision

 

3,024

 

2,716

 

6,308

 

(181

)

(367

)

11,500

 

Charge-offs

 

(4,523

)

(1,726

)

(3,451

)

(798

)

—

 

(10,498

)

Recoveries

 

84

 

—

 

249

 

801

 

—

 

1,134

 

Ending balance December 31, 2012

 

$

5,949

 

$

4,536

 

$

14,288

 

$

362

 

$

6,746

 

$

31,881

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance: allowance for loans individually evaluated for impairment

 

$

156

 

$

2,898

 

$

563

 

$

—

 

 

 

$

3,617

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance: allowance for loans collectively evaluated for impairment

 

$

5,793

 

$

1,638

 

$

13,725

 

$

362

 

$

6,746

 

$

28,264

 

 

 

 

Type of loan

 

 

 

 

 

December 31, 2011

 

Commercial

 

Construction

 

Real estate

 

 

 

 

 

 

 

(in thousands)

 

and industrial

 

and development

 

mortgage

 

Consumer

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance

 

$

393,729

 

$

147,637

 

$

966,665

 

$

36,814

 

 

 

$

1,544,845

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance: loans individually evaluated for impairment

 

$

5,459

 

$

2,416

 

$

14,170

 

$

94

 

 

 

$

22,139

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance: loans collectively evaluated for impairment

 

$

388,270

 

$

145,221

 

$

952,495

 

$

36,720

 

 

 

$

1,522,706

 

 

 

 

Commercial

 

Construction

 

Real estate

 

 

 

 

 

 

 

 

 

and industrial

 

and development

 

mortgage

 

Consumer

 

Unallocated

 

Total

 

Allowance for loan losses

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance December 31, 2010

 

$

2,796

 

$

2,280

 

$

12,272

 

$

623

 

$

7,572

 

$

25,543

 

Provision

 

5,475

 

2,859

 

4,592

 

133

 

(459

)

12,600

 

Charge-offs

 

(1,015

)

(1,593

)

(5,840

)

(673

)

—

 

(9,121

)

Recoveries

 

108

 

—

 

158

 

457

 

—

 

723

 

Ending balance December 31, 2011

 

$

7,364

 

$

3,546

 

$

11,182

 

$

540

 

$

7,113

 

$

29,745

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance: allowance for loans individually evaluated for impairment

 

$

954

 

$

10

 

$

1,597

 

$

—

 

 

 

$

2,561

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance: allowance for loans collectively evaluated for impairment

 

$

6,410

 

$

3,536

 

$

9,585

 

$

540

 

$

7,113

 

$

27,184

 

 

 

 

Type of Loan

 

 

 

 

 

December 31, 2010

 

Commercial

 

Construction

 

Real estate

 

 

 

 

 

 

 

(in thousands)

 

and industrial

 

and development

 

mortgage

 

Consumer

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance

 

$

343,956

 

$

159,482

 

$

968,440

 

$

36,547

 

 

 

$

1,508,425

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance: loans individually evaluated for impairment

 

$

520

 

$

700

 

$

15,955

 

$

95

 

 

 

$

17,270

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance: loans collectively evaluated for impairment

 

$

343,436

 

$

158,782

 

$

952,485

 

$

36,452

 

 

 

$

1,491,155

 

 

 

 

Commercial

 

Construction

 

Real estate

 

 

 

 

 

 

 

 

 

and industrial

 

and development

 

mortgage

 

Consumer

 

Unallocated

 

Total

 

Allowance for loan losses

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance December 31, 2009

 

$

4,091

 

$

1,518

 

$

6,513

 

$

947

 

$

6,931

 

$

20,000

 

Provision

 

8

 

2,947

 

8,046

 

(173

)

641

 

11,469

 

Charge-offs

 

(1,418

)

(2,211

)

(2,450

)

(687

)

—

 

(6,766

)

Recoveries

 

115

 

26

 

163

 

536

 

—

 

840

 

Ending balance December 31, 2010

 

$

2,796

 

$

2,280

 

$

12,272

 

$

623

 

$

7,572

 

$

25,543

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance: allowance for loans individually evaluated for impairment

 

$

90

 

$

—

 

$

1,724

 

$

—

 

 

 

$

1,814

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance: allowance for loans collectively evaluated for impairment

 

$

2,706

 

$

2,280

 

$

10,548

 

$

623

 

$

7,572

 

$

23,729

 

 
Schedule of loans individually evaluated for impairment

 

 

 

 

 

 

Unpaid

 

 

 

Average

 

December 31, 2012

 

Recorded

 

principal

 

Related

 

recorded

 

(in thousands)

 

investment

 

balance

 

allowance

 

investment

 

 

 

 

 

 

 

 

 

 

 

Loans with no related allowance recorded

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

6,735

 

$

7,591

 

 

 

$

6,226

 

Construction and development

 

352

 

2,187

 

 

 

2,097

 

Real estate mortgage

 

6,996

 

7,752

 

 

 

5,397

 

Consumer

 

4

 

25

 

 

 

21

 

Subtotal

 

14,087

 

17,555

 

 

 

13,741

 

 

 

 

 

 

 

 

 

 

 

Loans with an allowance recorded

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

1,932

 

5,103

 

156

 

3,294

 

Construction and development

 

10,511

 

11,135

 

2,898

 

5,929

 

Real estate mortgage

 

2,799

 

2,948

 

563

 

6,145

 

Consumer

 

—

 

—

 

—

 

—

 

Subtotal

 

15,242

 

19,186

 

3,617

 

15,368

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

8,667

 

$

12,694

 

$

156

 

$

9,520

 

Construction and development

 

10,863

 

13,322

 

2,898

 

8,026

 

Real estate mortgage

 

9,795

 

10,700

 

563

 

11,542

 

Consumer

 

4

 

25

 

—

 

21

 

Total

 

$

29,329

 

$

36,741

 

$

3,617

 

$

29,109

 

 

 

 

 

 

Unpaid

 

 

 

Average

 

December 31, 2011

 

Recorded

 

principal

 

Related

 

recorded

 

(in thousands)

 

investment

 

balance

 

allowance

 

investment

 

 

 

 

 

 

 

 

 

 

 

Loans with no related allowance recorded

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

694

 

$

920

 

 

 

$

951

 

Construction and development

 

2,316

 

2,316

 

 

 

1,979

 

Real estate mortgage

 

6,453

 

6,453

 

 

 

6,353

 

Consumer

 

94

 

94

 

 

 

83

 

Subtotal

 

9,557

 

9,783

 

 

 

9,366

 

 

 

 

 

 

 

 

 

 

 

Loans with an allowance recorded

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

4,765

 

6,415

 

954

 

2,447

 

Construction and development

 

100

 

100

 

10

 

20

 

Real estate mortgage

 

7,717

 

11,962

 

1,597

 

7,249

 

Consumer

 

—

 

—

 

—

 

10

 

Subtotal

 

12,582

 

18,477

 

2,561

 

9,726

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

5,459

 

$

7,335

 

$

954

 

$

3,398

 

Construction and development

 

2,416

 

2,416

 

10

 

1,999

 

Real estate mortgage

 

14,170

 

18,415

 

1,597

 

13,602

 

Consumer

 

94

 

94

 

—

 

93

 

Total

 

$

22,139

 

$

28,260

 

$

2,561

 

$

19,092

 

 

 

 

 

 

Unpaid

 

 

 

Average

 

December 31, 2010

 

Recorded

 

principal

 

Related

 

Recorded

 

(in thousands)

 

investment

 

balance

 

allowance

 

Investment

 

 

 

 

 

 

 

 

 

 

 

Loans with no related allowance recorded

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

420

 

$

1,982

 

 

 

$

250

 

Construction and development

 

700

 

700

 

 

 

350

 

Real estate mortgage

 

8,720

 

9,455

 

 

 

5,565

 

Consumer

 

95

 

140

 

 

 

64

 

Subtotal

 

9,935

 

12,277

 

 

 

6,229

 

 

 

 

 

 

 

 

 

 

 

Loans with an allowance recorded

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

100

 

$

292

 

$

90

 

$

373

 

Construction and development

 

—

 

—

 

—

 

2,123

 

Real estate mortgage

 

7,235

 

7,235

 

1,724

 

5,515

 

Consumer

 

—

 

—

 

—

 

—

 

Subtotal

 

7,335

 

7,527

 

1,814

 

8,011

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

520

 

$

2,274

 

$

90

 

$

623

 

Construction and development

 

700

 

700

 

—

 

2,473

 

Real estate mortgage

 

15,955

 

16,690

 

1,724

 

11,080

 

Consumer

 

95

 

140

 

—

 

64

 

Total

 

$

17,270

 

$

19,804

 

$

1,814

 

$

14,240

 

 
Schedule of recorded investment in non-accrual loans

 

 

(In thousands)

 

2012

 

2011

 

 

 

 

 

 

 

Commercial and industrial

 

$

1,554

 

$

2,665

 

Construction and development

 

10,863

 

2,416

 

Real estate mortgage

 

5,939

 

13,562

 

Consumer

 

4

 

94

 

 

 

 

 

 

 

Total

 

$

18,360

 

$

18,737

 

 
Schedule of the recorded investment in loans modified and classified as TDRs

 

 

 

 

 

 

Pre-modification

 

Post-modification

 

December 31, 2012

 

Number of

 

outstanding recorded

 

outstanding recorded

 

(dollars in thousands)

 

contracts

 

investment

 

investment

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

3

 

$

5,752

 

$

5,752

 

Real estate mortgage

 

5

 

3,862

 

3,862

 

Total

 

8

 

$

9,614

 

$

9,614

 

 

 

 

 

 

Pre-modification

 

Post-modification

 

December 31, 2011

 

Number of

 

outstanding recorded

 

outstanding recorded

 

(dollars in thousands)

 

contracts

 

investment

 

investment

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

4

 

$

2,794

 

$

2,794

 

Real estate mortgage

 

2

 

2,099

 

2,099

 

Total

 

6

 

$

4,893

 

$

4,893

 

 
Schedule of the recorded investment in loans accounted for as TDR that experienced a payment default

 

 

December 31, 2012

 

Number of

 

 

 

(dollars in thousands)

 

Contracts

 

Recorded investment

 

 

 

 

 

 

 

Commercial & industrial

 

1

 

$

627

 

Real estate mortgage

 

1

 

295

 

Total

 

2

 

$

922

 

 

December 31, 2011

 

Number of

 

 

 

(dollars in thousands)

 

Contracts

 

Recorded investment

 

 

 

 

 

 

 

Real estate mortgage

 

1

 

$

1,737

 

Total

 

1

 

$

1,737

 

 
Schedule of aging of the recorded investment in past due loans

 

 

 

 

 

 

 

 

Greater

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

than

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

90 days

 

 

 

 

 

 

 

Recorded

 

 

 

 

 

 

 

past due

 

 

 

 

 

 

 

investment >

 

 

 

30-59 days

 

60-89 days

 

(includes

 

Total

 

 

 

Total

 

90 days and

 

(in thousands)

 

past due

 

past due

 

non-accrual)

 

past due

 

Current

 

loans

 

accruing

 

December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

212

 

$

42

 

$

1,554

 

$

1,808

 

$

425,122

 

$

426,930

 

$

—

 

Construction and development

 

—

 

4,284

 

10,862

 

15,146

 

116,107

 

131,253

 

—

 

Real estate mortgage

 

3,771

 

1,952

 

6,424

 

12,147

 

977,484

 

989,631

 

485

 

Consumer

 

79

 

—

 

238

 

317

 

36,463

 

36,780

 

234

 

Total

 

$

4,062

 

$

6,278

 

$

19,078

 

$

29,418

 

$

1,555,176

 

$

1,584,594

 

$

719

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

989

 

$

162

 

$

2,665

 

$

3,816

 

$

389,913

 

$

393,729

 

$

—

 

Construction and development

 

86

 

—

 

2,416

 

2,502

 

145,135

 

147,637

 

—

 

Real estate mortgage

 

8,520

 

957

 

14,722

 

24,199

 

942,466

 

966,665

 

1,160

 

Consumer

 

336

 

—

 

94

 

430

 

36,384

 

36,814

 

—

 

Total

 

$

9,931

 

$

1,119

 

$

19,897

 

$

30,947

 

$

1,513,898

 

$

1,544,845

 

$

1,160

 

 
Schedule of credit risk profile by internally assigned grade

(in thousands)

 

 

 

Commercial
and industrial

 

Construction
and
development

 

Real estate
mortgage

 

Consumer

 

Total

 

December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grade

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

404,045

 

$

113,559

 

$

925,674

 

$

36,542

 

$

1,479,820

 

Special mention

 

11,097

 

6,831

 

26,770

 

—

 

44,698

 

Substandard

 

4,482

 

—

 

26,901

 

—

 

31,383

 

Substandard non- performing

 

7,306

 

10,863

 

10,286

 

238

 

28,693

 

Doubtful

 

—

 

—

 

—

 

—

 

—

 

Total

 

$

426,930

 

$

131,253

 

$

989,631

 

$

36,780

 

$

1,584,594

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grade

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

356,090

 

$

132,846

 

$

896,217

 

$

36,709

 

$

1,421,862

 

Special mention

 

15,154

 

6,007

 

33,818

 

11

 

54,990

 

Substandard

 

17,026

 

6,368

 

21,300

 

—

 

44,694

 

Substandard non- performing

 

5,459

 

2,416

 

15,330

 

94

 

23,299

 

Doubtful

 

—

 

—

 

—

 

—

 

—

 

Total

 

$

393,729

 

$

147,637

 

$

966,665

 

$

36,814

 

$

1,544,845