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Note 3 - Loans
 6 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
(
3
)
Loans
 
Composition of loans, net of deferred fees and costs, by primary loan portfolio class follows:
 
(In thousands)
  
June 30
, 201
8
    
December 31, 201
7
  
Commercial and industrial
   $
855,015
     $
779,014
  
Construction and development, excluding undeveloped land
    
216,068
      
195,912
  
Undeveloped land
    
22,156
      
18,988
  
                 
Real estate mortgage:
                
Commercial investment
    
622,777
      
594,902
  
Owner occupied commercial
    
420,999
      
398,685
  
1-4 family residential
    
277,735
      
262,110
  
Home equity - first lien
    
53,257
      
57,110
  
Home equity - junior lien
    
66,323
      
63,981
  
Subtotal: Real estate mortgage
    
1,441,091
      
1,376,788
  
                 
Consumer
    
43,630
      
38,868
  
                 
Total loans
   $
2,577,960
     $
2,409,570
 
 
The following table presents the balance in the recorded investment in loans and allowance for loan losses by portfolio segment and based on impairment evaluation method as of
June 30, 2018
and
December 31, 2017.
 
(In thousands)
  
Type of loan
    
 
 
 
   
 
 
 
  
Construction
    
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
   
 
 
 
  
and development
    
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
   
Commercial
    
excluding
    
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
   
and
    
undeveloped
    
Undeveloped
    
Real estate
    
 
 
 
  
 
 
 
June 30, 2018
  
industrial
    
land
    
land
    
mortgage
    
Consumer
    
Total
  
                                                 
Loans
   $
855,015
     $
216,068
     $
22,156
     $
1,441,091
     $
43,630
     $
2,577,960
  
                                                 
Loans collectively evaluated for impairment
   $
852,566
     $
215,688
     $
21,682
     $
1,437,155
     $
43,630
     $
2,570,721
  
                                                 
Loans individually evaluated for impairment
   $
2,449
     $
380
     $
474
     $
3,936
     $
-
     $
7,239
  
                                                 
Loans acquired with deteriorated credit quality
   $
-
     $
-
     $
-
     $
-
     $
-
     $
-
  
 
 
   
 
 
 
  
Construction
    
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
   
 
 
 
  
and development
    
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
   
Commercial
    
excluding
    
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
   
and
    
undeveloped
    
Undeveloped
    
Real estate
    
 
 
 
  
 
 
 
   
industrial
    
land
    
land
    
mortgage
    
Consumer
    
Total
  
Allowance for loan losses
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
At December 31, 2017
   $
11,276
     $
1,724
     $
521
     $
11,012
     $
352
     $
24,885
  
Provision (credit)
    
2,769
      
214
      
(20
 )    
(1,104
 )    
111
      
1,970
  
Charge-offs
    
(1,939
 )    
-
      
-
      
-
      
(236
 )    
(2,175
 )
Recoveries
    
12
      
-
      
-
      
6
      
175
      
193
  
At June 30, 2018
   $
12,118
     $
1,938
     $
501
     $
9,914
     $
402
     $
24,873
  
                                                 
Allowance for loans collectively evaluated for impairment
   $
11,769
     $
1,938
     $
501
     $
9,586
     $
402
     $
24,196
  
                                                 
Allowance for loans individually evaluated for impairment
   $
349
     $
-
     $
-
     $
328
     $
-
     $
677
  
                                                 
Allowance for loans acquired with deteriorated credit quality
   $
-
     $
-
     $
-
     $
-
     $
-
     $
-
  
 
 
(In thousands)
  
Type of loan
    
 
 
 
   
 
 
 
  
Construction
    
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
   
 
 
 
  
and development
    
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
   
Commercial
    
excluding
    
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
   
and
    
undeveloped
    
Undeveloped
    
Real estate
    
 
 
 
  
 
 
 
December 31, 2017
  
industrial
    
land
    
land
    
mortgage
    
Consumer
    
Total
  
                                                 
Loans
   $
779,014
     $
195,912
     $
18,988
     $
1,376,788
     $
38,868
     $
2,409,570
  
                                                 
Loans collectively evaluated for impairment
   $
777,838
     $
195,248
     $
18,514
     $
1,371,246
     $
38,868
     $
2,401,714
  
                                                 
Loans individually evaluated for impairment
   $
1,176
     $
664
     $
474
     $
5,066
     $
-
     $
7,380
  
                                                 
Loans acquired with deteriorated credit quality
   $
-
     $
-
     $
-
     $
476
     $
-
     $
476
  
 
 
   
 
 
 
  
Construction
    
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
   
 
 
 
  
and development
    
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
   
Commercial
    
excluding
    
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
   
and
    
undeveloped
    
Undeveloped
    
Real estate
    
 
 
 
  
 
 
 
   
industrial
    
land
    
land
    
mortgage
    
Consumer
    
Total
  
Allowance for loan losses
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
At December 31, 2016
   $
10,483
     $
1,923
     $
684
     $
10,573
     $
344
     $
24,007
  
Provision (credit)
    
2,373
      
(199
 )    
(163
 )    
383
      
156
      
2,550
  
Charge-offs
    
(1,782
 )    
-
      
-
      
(98
 )    
(549
 )    
(2,429
 )
Recoveries
    
202
      
-
      
-
      
154
      
401
      
757
  
At December 31, 2017
   $
11,276
     $
1,724
     $
521
     $
11,012
     $
352
     $
24,885
  
                                                 
Allowance for loans collectively evaluated for impairment
   $
11,242
     $
1,724
     $
521
     $
10,998
     $
352
     $
24,837
  
                                                 
Allowance for loans individually evaluated for impairment
   $
34
     $
-
     $
-
     $
14
     $
-
     $
48
  
                                                 
Allowance for loans acquired with deteriorated credit quality
   $
-
     $
-
     $
-
     $
-
     $
-
     $
-
  
 
The considerations by Bancorp in computing its allowance for loan losses are determined based on the various risk characteristics of each loan segment. Relevant risk characteristics are as follows:
 
 
●
Commercial and industrial loans: Loans in this category are made to businesses. Generally these loans are secured by assets of the business and repayment is expected from cash flows of the business. A decline in the strength of the business or a weakened economy and resultant decreased consumer and/or business spending
may
have an effect on the credit quality in this loan category.
 
 
●
Construction and development, excluding undeveloped land: Loans in this category primarily include owner-occupied and investment construction loans and commercial development projects. In most cases, construction loans require only interest to be paid during construction. Upon completion or stabilization, the construction loans generally convert to permanent financing in the real estate mortgage segment, requiring principal amortization. Repayment of development loans is derived from sale of lots or units. Credit risk is affected by construction delays, cost overruns, market conditions and availability of permanent financing, to the extent such permanent financing is
not
being provided by Bancorp.
 
 
●
Undeveloped land: Loans in this category are secured by land acquired for development by the borrower, but for which
no
development has yet taken place. Credit risk is primarily dependent upon the financial strength of the borrower, but can also be affected by market conditions and time to sell lots at an adequate price in the future. Credit risk is also affected by availability of permanent financing, including to the end user, to the extent such permanent financing is
not
being provided by Bancorp.  
 
 
●
Real estate mortgage: Loans in this category are made to and secured by owner-occupied residential real estate, owner-occupied real estate used for business purposes, and income-producing investment properties. For owner occupied residential and owner-occupied commercial real estate, repayment is dependent on financial strength of the borrower. For income-producing investment properties, repayment is dependent on financial strength of tenants, and to a lesser extent the borrowers’ financial strength, once the project is stabilized. Underlying properties are generally located in Bancorp's primary market area. Cash flows of income producing investment properties
may
be adversely impacted by a downturn in the economy as reflected in increased vacancy rates, which in turn, will have an effect on credit quality and property values. Overall health of the economy, including unemployment rates and real estate prices, has an effect on credit quality in this loan category.
 
 
●
Consumer: Loans in this category
may
be either secured or unsecured and repayment is dependent on credit quality of the individual borrower and, if applicable, adequacy of collateral securing the loan. Therefore, overall health of the economy, including unemployment rates as well as home and securities prices, will have a significant effect on credit quality in this loan category.
 
The following tables present loans individually evaluated for impairment as of
June 30, 2018
and
December 31, 2017.
 
(In thousands)
  
 
 
 
  
Unpaid
    
 
 
 
  
Average
  
   
Recorded
    
principal
    
Related
    
recorded
  
June 30, 2018
  
investment
    
balance
    
allowance
    
investment
  
                                 
Loans with no related allowance recorded:
      
 
      
 
      
 
  
Commercial and industrial
   $
238
     $
321
     $
-
     $
531
  
Construction and development, excluding undeveloped land
    
380
      
550
      
-
      
571
  
Undeveloped land
    
474
      
506
      
-
      
474
  
                                 
Real estate mortgage
                                
Commercial investment
    
-
      
-
      
-
      
17
  
Owner occupied commercial
    
1,232
      
1,690
      
-
      
2,667
  
1-4 family residential
    
1,107
      
1,128
      
-
      
1,446
  
Home equity - first lien
    
-
      
-
      
-
      
-
  
Home equity - junior lien
    
5
      
5
      
-
      
22
  
Subtotal: Real estate mortgage
    
2,344
      
2,823
      
-
      
4,152
  
                                 
Consumer
    
-
      
-
      
-
      
30
  
Subtotal
   $
3,436
     $
4,200
     $
-
     $
5,758
  
                                 
Loans with an allowance recorded:
                                
Commercial and industrial
   $
2,211
     $
3,389
     $
349
     $
2,061
  
Construction and development, excluding undeveloped land
    
-
      
-
      
-
      
-
  
Undeveloped land
    
-
      
-
      
-
      
32
  
                                 
Real estate mortgage
                                
Commercial investment
    
-
      
-
      
-
      
-
  
Owner occupied commercial
    
1,578
      
1,578
      
314
      
1,097
  
1-4 family residential
    
14
      
14
      
14
      
14
  
Home equity - first lien
    
-
      
-
      
-
      
-
  
Home equity - junior lien
    
-
      
-
      
-
      
-
  
Subtotal: Real estate mortgage
    
1,592
      
1,592
      
328
      
1,111
  
                                 
Consumer
    
-
      
-
      
-
      
-
  
Subtotal
   $
3,803
     $
4,981
     $
677
     $
3,204
  
                                 
Total:
                                
Commercial and industrial
   $
2,449
     $
3,710
     $
349
     $
2,592
  
Construction and development, excluding undeveloped land
    
380
      
550
      
-
      
571
  
Undeveloped land
    
474
      
506
      
-
      
506
  
                                 
Real estate mortgage
                                
Commercial investment
    
-
      
-
      
-
      
17
  
Owner occupied commercial
    
2,810
      
3,268
      
314
      
3,764
  
1-4 family residential
    
1,121
      
1,142
      
14
      
1,460
  
Home equity - first lien
    
-
      
-
      
-
      
-
  
Home equity - junior lien
    
5
      
5
      
-
      
22
  
Subtotal: Real estate mortgage
    
3,936
      
4,415
      
328
      
5,263
  
                                 
Consumer
    
-
      
-
      
-
      
30
  
Total
   $
7,239
     $
9,181
     $
677
     $
8,962
  
 
(In thousands)
  
 
 
 
  
Unpaid
    
 
 
 
  
Average
  
   
Recorded
    
principal
    
Related
    
recorded
  
December 31, 2017
  
investment
    
balance
    
allowance
    
investment
  
                                 
Loans with no related allowance recorded:
      
 
      
 
      
 
  
Commercial and industrial
   $
1,142
     $
2,202
     $
-
     $
411
  
Construction and development, excluding undeveloped land
    
664
      
834
      
-
      
559
  
Undeveloped land
    
474
      
506
      
-
      
425
  
                                 
Real estate mortgage
                                
Commercial investment
    
52
      
53
      
-
      
110
  
Owner occupied commercial
    
3,332
      
3,789
      
-
      
1,678
  
1-4 family residential
    
1,637
      
1,657
      
-
      
935
  
Home equity - first lien
    
-
      
-
      
-
      
-
  
Home equity - junior lien
    
31
      
31
      
-
      
186
  
Subtotal: Real estate mortgage
    
5,052
      
5,530
      
-
      
2,909
  
                                 
Consumer
    
-
      
-
      
-
      
-
  
Subtotal
   $
7,332
     $
9,072
     $
-
     $
4,304
  
                                 
Loans with an allowance recorded:
                                
Commercial and industrial
   $
34
     $
34
     $
34
     $
1,882
  
Construction and development, excluding undeveloped land
    
-
      
-
      
-
      
-
  
Undeveloped land
    
-
      
-
      
-
      
48
  
                                 
Real estate mortgage
                                
Commercial investment
    
-
      
-
      
-
      
-
  
Owner occupied commercial
    
-
      
-
      
-
      
-
  
1-4 family residential
    
14
      
14
      
14
      
5
  
Home equity - first lien
    
-
      
-
      
-
      
-
  
Home equity - junior lien
    
-
      
-
      
-
      
-
  
Subtotal: Real estate mortgage
    
14
      
14
      
14
      
5
  
                                 
Consumer
    
-
      
-
      
-
      
46
  
Subtotal
   $
48
     $
48
     $
48
     $
1,981
  
                                 
Total:
                                
Commercial and industrial
   $
1,176
     $
2,236
     $
34
     $
2,293
  
Construction and development, excluding undeveloped land
    
664
      
834
      
-
      
559
  
Undeveloped land
    
474
      
506
      
-
      
473
  
                                 
Real estate mortgage
    
-
      
-
      
-
      
-
  
Commercial investment
    
52
      
53
      
-
      
110
  
Owner occupied commercial
    
3,332
      
3,789
      
-
      
1,678
  
1-4 family residential
    
1,651
      
1,671
      
14
      
940
  
Home equity - first lien
    
-
      
-
      
-
      
-
  
Home equity - junior lien
    
31
      
31
      
-
      
186
  
Subtotal: Real estate mortgage
    
5,066
      
5,544
      
14
      
2,914
  
                                 
Consumer
    
-
      
-
      
-
      
46
  
Total
   $
7,380
     $
9,120
     $
48
     $
6,285
  
 
Differences between recorded investment amounts and unpaid principal balance amounts less related allowance are due to partial charge-offs which have occurred over the life of certain loans.
 
Impaired loans include non-accrual loans and accruing loans accounted for as troubled debt restructurings (TDRs), which continue to accrue interest. Non-performing loans include the balance of impaired loans plus any loans over
90
days past due and still accruing interest. Bancorp had
$134
thousand past due more than
90
days and still accruing interest at
June 30, 2018,
compared with
$2
thousand at
December 31, 2017,
and
$231
thousand at
June 30, 2017.
 
The following table presents the recorded investment in non-accrual loans as of
June 30, 2018
and
December 31, 2017.
 
(In thousands)
  
June 30
, 201
8
    
December 31, 201
7
  
                 
Commercial and industrial
   $
1,646
     $
321
  
Construction and development, excluding undeveloped land
    
380
      
664
  
Undeveloped land
    
474
      
474
  
                 
Real estate mortgage
                
Commercial investment
    
-
      
52
  
Owner occupied commercial
    
2,809
      
3,332
  
1-4 family residential
    
1,108
      
1,637
  
Home equity - first lien
    
-
      
-
  
Home equity - junior lien
    
5
      
31
  
Subtotal: Real estate mortgage
    
3,922
      
5,052
  
                 
Consumer
    
-
      
-
  
                 
Total
   $
6,422
     $
6,511
  

In the course of working with borrowers, Bancorp
may
elect to restructure the contractual terms of certain loans. Troubled debt restructurings (TDRs) occur when, for economic, legal, or other reasons related to a borrower’s financial difficulties, Bancorp grants a concession to the borrower that it would
not
otherwise consider.
 
At
June 30, 2018
and
December 31, 2017,
Bancorp had
$817
thousand and
$869
thousand of accruing loans classified as TDRs, respectively. Bancorp did
not
modify and classify any additional loans as TDRs during the
three
-month or
six
-month periods ended
June 30, 2018.
No
loans were modified and classified as TDRs during the
three
-month period ended
June 30, 2017.
One
commercial loan, with a recorded investment of
$37,000
at
June 30, 2017
was modified and classified as a TDR in the
six
-month period ended
June 30, 2017.
The pre and post-modification balance for this loan was
$39,000
.
The monthly payment amount of this loan was modified to enable the borrower to fulfill the loan agreement. A specific reserve was established for the entire recorded investment of this loan.
 
No
loans classified and reported as troubled debt restructured within the
twelve
months prior to
June 30, 2018
defaulted during the
three
or
six
month periods ended
June 30, 2018.
Loans accounted for as TDRs include modifications from original terms such as those due to bankruptcy proceedings, certain modifications of amortization periods or extended suspension of principal payments due to customer financial difficulties. Loans accounted for as TDRs are individually evaluated for impairment and, at
June 30, 2018,
had a total allowance allocation of
$83
thousand, compared with
$48
thousand at
December 31, 2017.
 
At
June 30, 2018
and
December 31, 2017,
Bancorp did
not
have any outstanding commitments to lend additional funds to borrowers whose loans have been modified as TDRs.
 
At
June 30, 2018
formal foreclosure proceedings were in process on
five
consumer mortgage loans with a total recorded investment of
$551
thousand, all secured by residential real estate properties. The recorded investments for these properties ranged from
$30
thousand to
$350
thousand, and these loans were reported as non-accrual as of
June 30, 2018.
As of
December 31, 2017,
formal foreclosure proceedings were in process for
two
loans with a total recorded investment of
$62
thousand.
 
The following table presents the aging of the recorded investment in loans as of
June 30, 2018
and
December 31, 2017.
 
   
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
Recorded
  
(In thousands)
  
 
 
 
  
 
 
 
  
 
 
 
  
90 or more
    
 
 
 
  
 
 
 
  
investment
  
   
 
 
 
  
 
 
 
  
 
 
 
  
days past
    
 
 
 
  
 
 
 
  
> 90 days
  
   
 
 
 
  
30-59 days
    
60-89 days
    
due (includes)
    
Total
    
Total
    
and
  
June 30, 2018
  
Current
    
past due
    
past due
    
non-accrual)
    
past due
    
loans
    
accruing
  
                                                         
Commercial and industrial
   $
852,845
     $
524
     $
-
     $
1,646
     $
2,170
     $
855,015
     $
-
  
Construction and development, excluding undeveloped land
    
215,688
      
-
      
-
      
380
      
380
      
216,068
      
-
  
Undeveloped land
    
21,682
      
-
      
-
      
474
      
474
      
22,156
      
-
  
                                                         
Real estate mortgage
                                                        
Commercial investment
    
619,370
      
3,407
      
-
      
-
      
3,407
      
622,777
      
-
  
Owner occupied commercial
    
417,474
      
716
      
-
      
2,809
      
3,525
      
420,999
      
-
  
1-4 family residential
    
274,980
      
954
      
559
      
1,242
      
2,755
      
277,735
      
134
  
Home equity - first lien
    
53,015
      
242
      
-
      
-
      
242
      
53,257
      
-
  
Home equity - junior lien
    
65,978
      
241
      
99
      
5
      
345
      
66,323
      
-
  
Subtotal: Real estate mortgage
    
1,430,817
      
5,560
      
658
      
4,056
      
10,274
      
1,441,091
      
134
  
                                                         
Consumer
    
43,626
      
1
      
3
      
-
      
4
      
43,630
      
-
  
                                                         
Total
   $
2,564,658
     $
6,085
     $
661
     $
6,556
     $
13,302
     $
2,577,960
     $
134
  
                                                         
December 31, 2017
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
                                                         
Commercial and industrial
   $
776,118
     $
2,571
     $
4
     $
321
     $
2,896
     $
779,014
     $
-
  
Construction and development, excluding undeveloped land
    
194,936
      
-
      
312
      
664
      
976
      
195,912
      
-
  
Undeveloped land
    
18,514
      
-
      
-
      
474
      
474
      
18,988
      
-
  
                                                         
Real estate mortgage
                                                        
Commercial investment
    
594,242
      
608
      
-
      
52
      
660
      
594,902
      
-
  
Owner occupied commercial
    
394,623
      
455
      
275
      
3,332
      
4,062
      
398,685
      
-
  
1-4 family residential
    
259,994
      
172
      
307
      
1,637
      
2,116
      
262,110
      
-
  
Home equity - first lien
    
56,938
      
172
      
-
      
-
      
172
      
57,110
      
-
  
Home equity - junior lien
    
63,667
      
87
      
194
      
33
      
314
      
63,981
      
2
  
Subtotal: Real estate mortgage
    
1,369,464
      
1,494
      
776
      
5,054
      
7,324
      
1,376,788
      
2
  
                                                         
Consumer
    
38,699
      
86
      
83
      
-
      
169
      
38,868
      
-
  
                                                         
Total
   $
2,397,731
     $
4,151
     $
1,175
     $
6,513
     $
11,839
     $
2,409,570
     $
2
  
 
Consistent with regulatory guidance, Bancorp categorizes loans into credit risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends. Pass-rated loans included all risk-rated loans other than those classified as other assets especially mentioned, substandard, and doubtful, which are defined below:
 
 
●
Other assets especially mentioned (“OAEM”): Loans classified as OAEM have potential weaknesses that deserve management's close attention. These potential weaknesses
may
result in deterioration of repayment prospects for the loan or of Bancorp's credit position at some future date.
 
 
●
Substandard: Loans classified as substandard are inadequately protected by the paying capacity of the obligor or of collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize repayment of the debt. Default is a distinct possibility if the deficiencies are
not
corrected.
 
 
●
Substandard non-performing: Loans classified as substandard non-performing have all the characteristics of substandard loans and have been placed on non-accrual status or have been accounted for as troubled debt restructurings. Loans are placed on non-accrual status when prospects for recovering both principal and accrued interest are considered doubtful or when a default of principal or interest has existed for
90
days or more. While on non-accrual status, payments of interest are applied to reduce the recorded investment in the loan.
 
 
●
Doubtful: Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or repayment in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable.
 
As of
June 30, 2018
and
December 31, 2017,
the internally assigned risk grades of loans by category were as follows:
 
(In thousands)
  
 
 
 
  
 
 
 
  
 
 
 
  
Substandard
    
 
 
 
  
Total
  
June 30, 2018
  
Pass
    
OAEM
    
Substandard
    
non-performing
    
Doubtful
    
loans
  
                                                 
Commercial and industrial
   $
818,660
     $
21,166
     $
12,740
     $
2,449
     $
-
     $
855,015
  
Construction and development, excluding undeveloped land
    
215,688
      
-
      
-
      
380
      
-
      
216,068
  
Undeveloped land
    
21,652
      
-
      
30
      
474
      
-
      
22,156
  
                                                 
Real estate mortgage
                                                
Commercial investment
    
619,939
      
2,715
      
123
      
-
      
-
      
622,777
  
Owner occupied commercial
    
403,998
      
12,453
      
1,738
      
2,810
      
-
      
420,999
  
1-4 family residential
    
273,792
      
1,858
      
830
      
1,255
      
-
      
277,735
  
Home equity - first lien
    
53,257
      
-
      
-
      
-
      
-
      
53,257
  
Home equity - junior lien
    
65,843
      
100
      
375
      
5
      
-
      
66,323
  
Subtotal: Real estate mortgage
    
1,416,829
      
17,126
      
3,066
      
4,070
      
-
      
1,441,091
  
                                                 
Consumer
    
43,523
      
107
      
-
      
-
      
-
      
43,630
  
                                                 
Total
   $
2,516,352
     $
38,399
     $
15,836
     $
7,373
     $
-
     $
2,577,960
  
                                                 
                                                 
December 31, 2017
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
                                                 
Commercial and industrial
   $
751,628
     $
12,032
     $
14,178
     $
1,176
     $
-
     $
779,014
  
Construction and development, excluding undeveloped land
    
195,248
      
-
      
-
      
664
      
-
      
195,912
  
Undeveloped land
    
18,484
      
-
      
30
      
474
      
-
      
18,988
  
                                                 
Real estate mortgage
                                                
Commercial investment
    
591,232
      
3,599
      
19
      
52
      
-
      
594,902
  
Owner occupied commercial
    
383,455
      
8,683
      
3,215
      
3,332
      
-
      
398,685
  
1-4 family residential
    
256,968
      
2,477
      
1,014
      
1,651
      
-
      
262,110
  
Home equity - first lien
    
57,110
      
-
      
-
      
-
      
-
      
57,110
  
Home equity - junior lien
    
63,471
      
247
      
230
      
33
      
-
      
63,981
  
Subtotal: Real estate mortgage
    
1,352,236
      
15,006
      
4,478
      
5,068
      
-
      
1,376,788
  
                                                 
Consumer
    
38,747
      
117
      
4
      
-
      
-
      
38,868
  
                                                 
Total
   $
2,356,343
     $
27,155
     $
18,690
     $
7,382
     $
-
     $
2,409,570