XML 33 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Loans (Tables)
 3 Months Ended
Mar. 31, 2014
Loans  
Schedule of loans by primary loan portfolio segment

 

(in thousands)

 

March 31, 2014

 

December 31, 2013

 

Commercial and industrial

 

$

511,247

 

$

510,739

 

Construction and development, excluding undeveloped land

 

88,108

 

99,719

 

Undeveloped land

 

29,209

 

29,871

 

Real estate mortgage

 

1,066,595

 

1,046,823

 

Consumer

 

33,460

 

34,198

 

 

 

 

 

 

 

Total loans

 

$

1,728,619

 

$

1,721,350

 
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

 

 

 

 

 

 

 

Construction

 

 

 

 

 

 

 

 

 

 

 

 

 

and development

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

excluding

 

 

 

 

 

 

 

 

 

 

 

and

 

undeveloped

 

Undeveloped

 

Real estate

 

 

 

 

 

(in thousands)

 

industrial

 

land

 

land

 

mortgage

 

Consumer

 

Total

 

March 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

$

511,247

 

$

88,108

 

$

29,209

 

$

1,066,595

 

$

33,460

 

$

1,728,619

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for impairment

 

$

7,653

 

$

26

 

$

6,988

 

$

5,273

 

$

82

 

$

20,022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans collectively evaluated for impairment

 

$

502,967

 

$

87,021

 

$

22,221

 

$

1,060,820

 

$

33,360

 

$

1,706,389

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans acquired with deteriorated credit quality

 

$

627

 

$

1,061

 

$

—

 

$

502

 

$

18

 

$

2,208

 

 

 

 

 

 

Construction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

and development

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

excluding

 

 

 

 

 

 

 

 

 

 

 

 

 

and

 

undeveloped

 

Undeveloped

 

Real estate

 

 

 

 

 

 

 

 

 

industrial

 

land

 

land

 

mortgage

 

Consumer

 

Unallocated

 

Total

 

Allowance for loan losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2013

 

$

7,644

 

$

2,555

 

$

5,376

 

$

12,604

 

$

343

 

$

—

 

$

28,522

 

Provision

 

(145

)

(628

)

925

 

185

 

13

 

—

 

350

 

Charge-offs

 

—

 

—

 

(30

)

(294

)

(195

)

—

 

(519

)

Recoveries

 

9

 

—

 

31

 

20

 

178

 

—

 

238

 

At March 31, 2014

 

$

7,508

 

$

1,927

 

$

6,302

 

$

12,515

 

$

339

 

$

—

 

$

28,591

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loans individually evaluated for impairment

 

$

746

 

$

—

 

$

—

 

$

439

 

$

82

 

 

 

$

1,267

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loans collectively evaluated for impairment

 

$

6,762

 

$

1,927

 

$

6,302

 

$

12,076

 

$

257

 

$

—

 

$

27,324

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance: loans acquired with deteriorated credit quality

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

 

 

$

—

 

 

 

 

Type of loan

 

 

 

 

 

 

 

Construction

 

 

 

 

 

 

 

 

 

 

 

 

 

and development

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

excluding

 

 

 

 

 

 

 

 

 

 

 

and

 

undeveloped

 

Undeveloped

 

Real estate

 

 

 

 

 

(in thousands)

 

industrial

 

land

 

land

 

mortgage

 

Consumer

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

$

510,739

 

$

99,719

 

$

29,871

 

$

1,046,823

 

$

34,198

 

$

1,721,350

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for impairment

 

$

7,579

 

$

26

 

$

7,340

 

$

7,478

 

$

84

 

$

22,507

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans collectively evaluated for impairment

 

$

502,535

 

$

98,428

 

$

22,531

 

$

1,038,824

 

$

34,095

 

$

1,696,413

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans acquired with deteriorated credit quality

 

$

625

 

$

1,265

 

$

—

 

$

521

 

$

19

 

$

2,430

 

 

 

 

 

 

Construction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

and development

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

excluding

 

 

 

 

 

 

 

 

 

 

 

 

 

and

 

undeveloped

 

Undeveloped

 

Real estate

 

 

 

 

 

 

 

 

 

industrial

 

land

 

land

 

mortgage

 

Consumer

 

Unallocated

 

Total

 

Allowance for loan losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2012

 

$

5,949

 

$

4,536

 

$

—

 

$

14,288

 

$

362

 

$

6,746

 

$

31,881

 

Provision

 

1,583

 

(2,119

)

13,256

 

490

 

86

 

(6,746

)

6,550

 

Charge-offs

 

(457

)

(25

)

(7,961

)

(2,758

)

(763

)

—

 

(11,964

)

Recoveries

 

569

 

163

 

81

 

584

 

658

 

—

 

2,055

 

At December 31, 2013

 

$

7,644

 

$

2,555

 

$

5,376

 

$

12,604

 

$

343

 

$

—

 

$

28,522

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loans individually evaluated for impairment

 

$

762

 

$

—

 

$

—

 

$

606

 

$

84

 

 

 

$

1,452

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loans collectively evaluated for impairment

 

$

6,882

 

$

2,555

 

$

5,376

 

$

11,998

 

$

259

 

$

—

 

$

27,070

 
Schedule of the changes in accretable discount related to credit impaired acquired loans

 

(in thousands)

 

 

 

 

 

 

 

Balance at December 31, 2012

 

$

—

 

Additions due to Oldham acquisition

 

174

 

Accretion

 

(37

)

Reclassifications from (to) non-accretable difference

 

—

 

Disposals

 

—

 

Balance at December 31, 2013

 

137

 

 

 

 

 

Accretion

 

(28

)

Reclassifications from (to) non-accretable difference

 

—

 

Disposals

 

—

 

Balance at March 31, 2014

 

$

109

 
Schedule of loans individually evaluated for impairment

 

 

 

 

 

Unpaid

 

 

 

Average

 

 

 

Recorded

 

principal

 

Related

 

recorded

 

(in thousands)

 

investment

 

balance

 

allowance

 

investment

 

 

 

 

 

 

 

 

 

 

 

March 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans with no related allowance recorded

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

1,244

 

$

1,387

 

$

—

 

$

1,037

 

Construction and development, excluding undeveloped land

 

26

 

151

 

—

 

26

 

Undeveloped land

 

6,988

 

9,675

 

—

 

7,164

 

Real estate mortgage

 

3,396

 

4,086

 

—

 

3,564

 

Consumer

 

—

 

—

 

—

 

—

 

Subtotal

 

11,654

 

15,299

 

—

 

11,791

 

 

 

 

 

 

 

 

 

 

 

Loans with an allowance recorded

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

6,409

 

$

6,409

 

$

746

 

$

6,579

 

Construction and development, excluding undeveloped land

 

—

 

—

 

—

 

—

 

Undeveloped land

 

—

 

—

 

—

 

—

 

Real estate mortgage

 

1,877

 

1,877

 

439

 

2,812

 

Consumer

 

82

 

82

 

82

 

83

 

Subtotal

 

8,368

 

8,368

 

1,267

 

9,474

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

7,653

 

$

7,796

 

$

746

 

$

7,616

 

Construction and development, excluding undeveloped land

 

26

 

151

 

—

 

26

 

Undeveloped land

 

6,988

 

9,675

 

—

 

7,164

 

Real estate mortgage

 

5,273

 

5,963

 

439

 

6,376

 

Consumer

 

82

 

82

 

82

 

83

 

Total

 

$

20,022

 

$

23,667

 

$

1,267

 

$

21,265

 

 

 

 

 

 

Unpaid

 

 

 

Average

 

 

 

Recorded

 

principal

 

Related

 

recorded

 

(in thousands)

 

investment

 

balance

 

allowance

 

investment

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans with no related allowance recorded

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

830

 

$

974

 

$

—

 

$

4,499

 

Construction and development, excluding undeveloped land

 

26

 

151

 

—

 

54

 

Undeveloped land

 

7,340

 

9,932

 

—

 

3,272

 

Real estate mortgage

 

3,731

 

5,069

 

—

 

5,559

 

Consumer

 

—

 

—

 

—

 

3

 

Subtotal

 

11,927

 

16,126

 

—

 

13,387

 

 

 

 

 

 

 

 

 

 

 

Loans with an allowance recorded

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

6,749

 

$

6,749

 

$

762

 

$

3,806

 

Construction and development, excluding undeveloped land

 

—

 

—

 

—

 

259

 

Undeveloped land

 

—

 

—

 

—

 

7,152

 

Real estate mortgage

 

3,747

 

4,065

 

606

 

3,705

 

Consumer

 

84

 

84

 

84

 

34

 

Subtotal

 

10,580

 

10,898

 

1,452

 

14,956

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

7,579

 

$

7,723

 

$

762

 

$

8,305

 

Construction and development, excluding undeveloped land

 

26

 

151

 

—

 

313

 

Undeveloped land

 

7,340

 

9,932

 

—

 

10,424

 

Real estate mortgage

 

7,478

 

9,134

 

606

 

9,264

 

Consumer

 

84

 

84

 

84

 

37

 

Total

 

$

22,507

 

$

27,024

 

$

1,452

 

$

28,343

 
Schedule of recorded investment in non-accrual loans

 

(in thousands)

 

March 31, 2014

 

December 31, 2013

 

 

 

 

 

 

 

Commercial and industrial

 

$

884

 

$

846

 

Construction and development, excluding undeveloped land

 

26

 

26

 

Undeveloped land

 

6,988

 

7,340

 

Real estate mortgage

 

4,843

 

7,046

 

Consumer

 

—

 

—

 

Total

 

$

12,741

 

$

15,258

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

 

 

 

Number of

 

 

 

(dollars in thousands)

 

Contracts

 

Recorded Investment

 

 

 

 

 

 

 

March 31, 2014

 

 

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

1

 

$

790

 

 

 

 

 

 

 

Total

 

1

 

$

790

 
Schedule of aging of loans

 

 

 

 

 

 

 

Greater

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

than

 

 

 

 

 

 

 

Recorded

 

 

 

 

 

 

 

90 days

 

 

 

 

 

 

 

investment

 

 

 

 

 

 

 

past due

 

 

 

 

 

 

 

> 90 days

 

 

 

30-59 days

 

60-89 days

 

(includes

 

Total

 

 

 

Total

 

and

 

(in thousands)

 

past due

 

past due

 

non-accrual)

 

past due

 

Current

 

loans

 

accruing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

415

 

$

379

 

$

917

 

$

1,711

 

$

509,536

 

$

511,247

 

$

33

 

Construction and development, excluding undeveloped land

 

244

 

—

 

26

 

270

 

87,838

 

88,108

 

—

 

Undeveloped land

 

—

 

—

 

6,988

 

6,988

 

22,221

 

29,209

 

—

 

Real estate mortgage

 

8,077

 

2,199

 

5,249

 

15,525

 

1,051,070

 

1,066,595

 

406

 

Consumer

 

105

 

42

 

—

 

147

 

33,313

 

33,460

 

—

 

Total

 

$

8,841

 

$

2,620

 

$

13,180

 

$

24,641

 

$

1,703,978

 

$

1,728,619

 

$

439

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

808

 

$

201

 

$

1,268

 

$

2,277

 

$

508,462

 

$

510,739

 

$

421

 

Construction and development, excluding undeveloped land

 

429

 

—

 

26

 

455

 

99,264

 

99,719

 

—

 

Undeveloped land

 

—

 

—

 

7,340

 

7,340

 

22,531

 

29,871

 

—

 

Real estate mortgage

 

4,529

 

1,180

 

7,062

 

12,771

 

1,034,052

 

1,046,823

 

16

 

Consumer

 

110

 

—

 

—

 

110

 

34,088

 

34,198

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

5,876

 

$

1,381

 

$

15,696

 

$

22,953

 

$

1,698,397

 

$

1,721,350

 

$

437
Schedule of credit risk profile by internally assigned grade

 

(in thousands)

 

Commercial
and industrial

 

Construction
and
development,
excluding
undeveloped
land

 

Undeveloped
land

 

Real estate
mortgage

 

Consumer

 

Total

 

March 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

Grade

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

492,970

 

$

77,048

 

$

21,517

 

$

1,040,582

 

$

33,296

 

$

1,665,413

 

Special mention

 

7,104

 

5,944

 

540

 

15,099

 

82

 

28,769

 

Substandard

 

3,025

 

4,682

 

164

 

4,745

 

—

 

12,616

 

Substandard non- performing

 

8,148

 

434

 

6,988

 

6,169

 

82

 

21,821

 

Doubtful

 

—

 

—

 

—

 

—

 

—

 

—

 

Total

 

$

511,247

 

$

88,108

 

$

29,209

 

$

1,066,595

 

$

33,460

 

$

1,728,619

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

Grade

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

486,140

 

$

87,896

 

$

22,366

 

$

1,014,216

 

$

34,028

 

$

1,644,646

 

Special mention

 

12,983

 

7,091

 

—

 

17,916

 

86

 

38,076

 

Substandard

 

3,616

 

4,706

 

165

 

7,197

 

—

 

15,684

 

Substandard non- performing

 

8,000

 

26

 

7,340

 

7,494

 

84

 

22,944

 

Doubtful

 

—

 

—

 

—

 

—

 

—

 

—

 

Total

 

$

510,739

 

$

99,719

 

$

29,871

 

$

1,046,823

 

$

34,198

 

$

1,721,350