XML 54 R40.htm IDEA: XBRL DOCUMENT v3.3.1.900
Loans and Allowance for Loan and Lease Losses (Tables)
 12 Months Ended
Dec. 31, 2015
Loans and Allowance for Loan and Lease Losses [Abstract]  
Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating

The classes of the loan portfolio, summarized by the aggregate pass rating, net of deferred fees and costs of ($178,000) and ($194,000) as of December 31, 2014 and 2014, respectively, and the classified ratings of special mention, substandard, and doubtful within Mid Penn’s internal risk rating system as of December 31, 2015  and 2014 are noted below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

Pass

 

Special Mention

 

Substandard

 

Doubtful

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$

 158,302 

 

$

 1,289 

 

$

 670 

 

$

 -

 

$

 160,261 

Commercial real estate

 

 359,859 

 

 

 2,088 

 

 

 7,517 

 

 

 -

 

 

 369,464 

Commercial real estate - construction

 

 65,665 

 

 

 2,403 

 

 

 -

 

 

 -

 

 

 68,068 

Lease financing

 

 727 

 

 

 -

 

 

 -

 

 

 -

 

 

 727 

Residential mortgage

 

 101,507 

 

 

 475 

 

 

 1,361 

 

 

 -

 

 

 103,343 

Home equity

 

 32,928 

 

 

 261 

 

 

 222 

 

 

 -

 

 

 33,411 

Consumer

 

 3,917 

 

 

 -

 

 

 -

 

 

 -

 

 

 3,917 

 

$

 722,905 

 

$

 6,516 

 

$

 9,770 

 

$

 -

 

$

 739,191 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

Pass

 

Special Mention

 

Substandard

 

Doubtful

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$

 117,166 

 

$

 654 

 

$

 1,190 

 

$

 -

 

$

 119,010 

Commercial real estate

 

 280,817 

 

 

 4,859 

 

 

 11,681 

 

 

 -

 

 

 297,357 

Commercial real estate - construction

 

 55,834 

 

 

 242 

 

 

 -

 

 

 -

 

 

 56,076 

Lease financing

 

 1,121 

 

 

 -

 

 

 -

 

 

 -

 

 

 1,121 

Residential mortgage

 

 64,900 

 

 

 252 

 

 

 1,290 

 

 

 -

 

 

 66,442 

Home equity

 

 28,167 

 

 

 138 

 

 

 201 

 

 

 -

 

 

 28,506 

Consumer

 

 3,021 

 

 

 -

 

 

 -

 

 

 -

 

 

 3,021 

 

$

 551,026 

 

$

 6,145 

 

$

 14,362 

 

$

 -

 

$

 571,533 

 

Impaired Loans by Loan Portfolio Class

Impaired loans by loan portfolio class as of December 31, 2015 and 2014 are summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

December 31, 2014

(Dollars in thousands)                      

Recorded Investment

 

Unpaid Principal Balance

 

Related Allowance

 

Recorded Investment

 

Unpaid Principal Balance

 

Related Allowance

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$

 14 

 

$

 49 

 

$

 -

 

$

 395 

 

$

 430 

 

$

 -

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 1,023 

 

 

 2,020 

 

 

 -

 

 

 1,971 

 

 

 4,481 

 

 

 -

Acquired with credit deterioration*

 

 931 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Residential mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 1,329 

 

 

 1,434 

 

 

 -

 

 

 1,146 

 

 

 1,286 

 

 

 -

Acquired with credit deterioration*

 

 400 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Home equity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 115 

 

 

 137 

 

 

 -

 

 

 29 

 

 

 88 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$

 113 

 

$

 128 

 

$

 51 

 

$

 223 

 

$

 231 

 

$

 137 

Commercial real estate

 

 1,947 

 

 

 1,981 

 

 

 429 

 

 

 6,954 

 

 

 7,255 

 

 

 1,382 

Residential mortgage

 

 32 

 

 

 32 

 

 

 23 

 

 

 -

 

 

 -

 

 

 -

Home equity

 

 -

 

 

 -

 

 

 -

 

 

 211 

 

 

 213 

 

 

 115 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$

 127 

 

$

 177 

 

$

 51 

 

$

 618 

 

$

 661 

 

$

 137 

Commercial real estate

 

 3,901 

 

 

 4,001 

 

 

 429 

 

 

 8,925 

 

 

 11,736 

 

 

 1,382 

Residential mortgage

 

 1,761 

 

 

 1,466 

 

 

 23 

 

 

 1,146 

 

 

 1,286 

 

 

 -

Home equity

 

 115 

 

 

 137 

 

 

 -

 

 

 240 

 

 

 301 

 

 

 115 

 

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

Average recorded investment of impaired loans and related interest income recognized for the years ended December 31, 2015, 2014, and 2013 are summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

December 31, 2014

 

December 31, 2013

(Dollars in thousands)                    

Average Recorded Investment

 

Interest Income Recognized

 

Average Recorded Investment

 

Interest Income Recognized

 

Average Recorded Investment

 

Interest Income Recognized

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$

 19 

 

$

 -

 

$

 72 

 

$

 -

 

$

 188 

 

$

 -

Acquired with credit deterioration

 

 -

 

 

 205 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 1,051 

 

 

 14 

 

 

 1,966 

 

 

 346 

 

 

 2,506 

 

 

 187 

Acquired with credit deterioration

 

 926 

 

 

 350 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Residential mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 816 

 

 

 8 

 

 

 541 

 

 

 -

 

 

 299 

 

 

 -

Acquired with credit deterioration

 

 400 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Home equity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 107 

 

 

 -

 

 

 29 

 

 

 -

 

 

 31 

 

 

 -

Acquired with credit deterioration

 

 -

 

 

 3 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$

 123 

 

$

 -

 

$

 93 

 

$

 -

 

$

 51 

 

$

 -

Commercial real estate

 

 1,721 

 

 

 -

 

 

 6,823 

 

 

 -

 

 

 4,349 

 

 

 -

Residential mortgage

 

 25 

 

 

 -

 

 

 -

 

 

 -

 

 

 13 

 

 

 -

Home equity

 

 -

 

 

 -

 

 

 76 

 

 

 -

 

 

 54 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$

 142 

 

$

 205 

 

$

 165 

 

$

 -

 

$

 239 

 

$

 -

Commercial real estate

 

 3,698 

 

 

 364 

 

 

 8,789 

 

 

 346 

 

 

 6,855 

 

 

 187 

Residential mortgage

 

 1,241 

 

 

 8 

 

 

 541 

 

 

 -

 

 

 312 

 

 

 -

Home equity

 

 107 

 

 

 3 

 

 

 105 

 

 

 -

 

 

 85 

 

 

 -

 

Non-accrual Loans by Classes of the Loan Portfolio

 

Nonaccrual loans by loan portfolio class as of December 31, 2015 and 2014 are summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

2015

 

2014

 

 

 

 

 

 

Commercial and industrial

$

 66 

 

$

 267 

Commercial real estate

 

 2,607 

 

 

 7,249 

Residential mortgage

 

 1,630 

 

 

 1,152 

Home equity

 

 115 

 

 

 239 

 

$

 4,418 

 

$

 8,907 

 

Loan Portfolio Summarized by the Past Due Status

The classes of the loan portfolio summarized by the past due status as of December 31, 2015 and 2014 are summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

30-59 Days Past Due

 

60-89 Days Past Due

 

Greater than 90 Days

 

Total Past Due

 

Current

 

Total Loans

 

Loans Receivable > 90 Days and Accruing

Commercial and industrial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$

 55 

 

$

 204 

 

$

 66 

 

$

 325 

 

$

 159,936 

 

$

 160,261 

 

$

 -

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 211 

 

 

 608 

 

 

 1,456 

 

 

 2,275 

 

 

 366,263 

 

 

 368,538 

 

 

 -

Acquired with credit deterioration

 

 215 

 

 

 518 

 

 

 55 

 

 

 788 

 

 

 138 

 

 

 926 

 

 

 55 

Commercial real estate - construction:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate - construction

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 68,068 

 

 

 68,068 

 

 

 -

Lease financing:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease financing

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 727 

 

 

 727 

 

 

 -

Residential mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 694 

 

 

 550 

 

 

 778 

 

 

 2,022 

 

 

 100,921 

 

 

 102,943 

 

 

 -

Acquired with credit deterioration

 

 12 

 

 

 -

 

 

 222 

 

 

 234 

 

 

 166 

 

 

 400 

 

 

 -

Home equity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 -

 

 

 50 

 

 

 23 

 

 

 73 

 

 

 33,338 

 

 

 33,411 

 

 

 -

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 10 

 

 

 5 

 

 

 -

 

 

 15 

 

 

 3,902 

 

 

 3,917 

 

 

 -

            Total

$

 1,197 

 

$

 1,935 

 

$

 2,600 

 

$

 5,732 

 

$

 733,459 

 

$

 739,191 

 

$

 55 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

30-59 Days Past Due

 

60-89 Days Past Due

 

Greater than 90 Days

 

Total Past Due

 

Current

 

Total Loans

 

Loans Receivable > 90 Days and Accruing

Commercial and industrial

$

 172 

 

$

 290 

 

$

 87 

 

$

 549 

 

$

 118,461 

 

$

 119,010 

 

$

 -

Commercial real estate

 

 403 

 

 

 197 

 

 

 6,585 

 

 

 7,185 

 

 

 290,172 

 

 

 297,357 

 

 

 -

Commercial real estate - construction

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 56,076 

 

 

 56,076 

 

 

 -

Lease financing

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 1,121 

 

 

 1,121 

 

 

 -

Residential mortgage

 

 328 

 

 

 82 

 

 

 1,117 

 

 

 1,527 

 

 

 64,915 

 

 

 66,442 

 

 

 -

Home equity

 

 93 

 

 

 63 

 

 

 157 

 

 

 313 

 

 

 28,193 

 

 

 28,506 

 

 

 -

Consumer

 

 6 

 

 

 -

 

 

 -

 

 

 6 

 

 

 3,015 

 

 

 3,021 

 

 

 -

            Total

$

 1,002 

 

$

 632 

 

$

 7,946 

 

$

 9,580 

 

$

 561,953 

 

$

 571,533 

 

$

 -

 

Allowance for Loan Losses and Recorded Investment in Financing Receivables

Activity in the allowance for loan and lease losses and recorded investment in loans receivable for the years ended December 31, 2015, 2014, and 2013, and as of December 31, 2015, 2014, and 2013 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

Commercial and industrial

 

Commercial real estate

 

Commercial real estate - construction

 

Lease financing

 

Residential mortgage

 

Home equity

 

Consumer

 

Unallocated

 

Total

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

 1,393 

 

$

 3,925 

 

$

 33 

 

$

 2 

 

$

 450 

 

$

 653 

 

$

 35 

 

$

 225 

 

$

 6,716 

  Charge-offs

 

 (130)

 

 

 (1,569)

 

 

 -

 

 

 -

 

 

 (35)

 

 

 (36)

 

 

 (14)

 

 

 -

 

 

 (1,784)

  Recoveries

 

 12 

 

 

 75 

 

 

 -

 

 

 -

 

 

 44 

 

 

 29 

 

 

 11 

 

 

 -

 

 

 171 

  Provisions

 

 118 

 

 

 1,121 

 

 

 120 

 

 

 (1)

 

 

 75 

 

 

 (329)

 

 

 (20)

 

 

 (19)

 

 

 1,065 

Ending balance

$

 1,393 

 

$

 3,552 

 

$

 153 

 

$

 1 

 

$

 534 

 

$

 317 

 

$

 12 

 

$

 206 

 

$

 6,168 

Ending balance: individually evaluated for impairment

$

 51 

 

$

 429 

 

$

 -

 

$

 -

 

$

 23 

 

$

 -

 

$

 -

 

$

 -

 

$

 503 

Ending balance: collectively evaluated for impairment

$

 1,342 

 

$

 3,123 

 

$

 153 

 

$

 1 

 

$

 511 

 

$

 317 

 

$

 12 

 

$

 206 

 

$

 5,665 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

$

 160,261 

 

$

 369,464 

 

$

 68,068 

 

$

 727 

 

$

 103,343 

 

$

 33,411 

 

$

 3,917 

 

$

 -

 

$

 739,191 

Ending balance: individually evaluated  for impairment

$

 127 

 

$

 2,970 

 

$

 -

 

$

 -

 

$

 1,361 

 

$

 115 

 

$

 -

 

$

 -

 

$

 4,573 

Ending balance: collectively evaluated for impairment

$

 160,134 

 

$

 365,563 

 

$

 68,068 

 

$

 727 

 

$

 101,582 

 

$

 33,296 

 

$

 3,917 

 

$

 -

 

$

 733,287 

Ending balance: acquired with credit deterioration

$

 -

 

$

 931 

 

$

 -

 

$

 -

 

$

 400 

 

$

 -

 

$

 -

 

$

 -

 

$

 1,331 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

Commercial and industrial

 

Commercial real estate

 

Commercial real estate - construction

 

Lease financing

 

Residential mortgage

 

Home equity

 

Consumer

 

Unallocated

 

Total

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Balance

$

 1,187 

 

$

 4,006 

 

$

 9 

 

$

 -

 

$

 581 

 

$

 441 

 

$

 72 

 

$

 21 

 

$

 6,317 

  Charge-offs

 

 (62)

 

 

 (1,057)

 

 

 -

 

 

 -

 

 

 (133)

 

 

 (43)

 

 

 (33)

 

 

 -

 

 

 (1,328)

  Recoveries

 

 13 

 

 

 13 

 

 

 -

 

 

 -

 

 

 20 

 

 

 1 

 

 

 63 

 

 

 -

 

 

 110 

  Provisions

 

 255 

 

 

 963 

 

 

 24 

 

 

 2 

 

 

 (18)

 

 

 254 

 

 

 (67)

 

 

 204 

 

 

 1,617 

Ending balance

$

 1,393 

 

$

 3,925 

 

$

 33 

 

$

 2 

 

$

 450 

 

$

 653 

 

$

 35 

 

$

 225 

 

$

 6,716 

Ending balance: individually evaluated for impairment

$

 137 

 

$

 1,382 

 

$

 -

 

$

 -

 

$

 -

 

$

 115 

 

$

 -

 

$

 -

 

$

 1,634 

Ending balance: collectively evaluated for impairment

$

 1,256 

 

$

 2,543 

 

$

 33 

 

$

 2 

 

$

 450 

 

$

 538 

 

$

 35 

 

$

 225 

 

$

 5,082 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

$

 119,010 

 

$

 297,357 

 

$

 56,076 

 

$

 1,121 

 

$

 66,442 

 

$

 28,506 

 

$

 3,021 

 

$

 -

 

$

 571,533 

Ending balance: individually evaluated  for impairment

$

 618 

 

$

 8,925 

 

$

 -

 

$

 -

 

$

 1,146 

 

 

 240 

 

$

 -

 

$

 -

 

$

 10,929 

Ending balance: collectively evaluated for impairment

$

 118,392 

 

$

 288,432 

 

$

 56,076 

 

$

 1,121 

 

$

 65,296 

 

$

 28,266 

 

$

 3,021 

 

$

 -

 

$

 560,604 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

Commercial and industrial

 

Commercial real estate

 

Commercial real estate - construction

 

Lease financing

 

Residential mortgage

 

Home equity

 

Consumer

 

Unallocated

 

Total

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Balance

$

 1,298 

 

$

 3,112 

 

$

 64 

 

$

 1 

 

$

 581 

 

$

 343 

 

$

 101 

 

$

 9 

 

$

 5,509 

  Charge-offs

 

 (183)

 

 

 (919)

 

 

 (17)

 

 

 -

 

 

 (167)

 

 

 (91)

 

 

 (96)

 

 

 -

 

 

 (1,473)

  Recoveries

 

 193 

 

 

 279 

 

 

 7 

 

 

 2 

 

 

 23 

 

 

 8 

 

 

 84 

 

 

 -

 

 

 596 

  Provisions

 

 (121)

 

 

 1,534 

 

 

 (45)

 

 

 (3)

 

 

 144 

 

 

 181 

 

 

 (17)

 

 

 12 

 

 

 1,685 

Ending balance

$

 1,187 

 

$

 4,006 

 

$

 9 

 

$

 -

 

$

 581 

 

$

 441 

 

$

 72 

 

$

 21 

 

$

 6,317 

Ending balance: individually evaluated for impairment

$

 42 

 

$

 1,860 

 

$

 -

 

$

 -

 

$

 25 

 

$

 6 

 

$

 -

 

$

 -

 

$

 1,933 

Ending balance: collectively evaluated for impairment

$

 1,145 

 

$

 2,146 

 

$

 9 

 

$

 -

 

$

 556 

 

$

 435 

 

$

 72 

 

$

 21 

 

$

 4,384 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

$

 105,844 

 

$

 292,774 

 

$

 45,647 

 

$

 1,356 

 

$

 69,830 

 

$

 26,321 

 

$

 4,690 

 

$

 -

 

$

 546,462 

Ending balance: individually evaluated  for impairment

$

 300 

 

$

 10,245 

 

$

 -

 

$

 -

 

$

 291 

 

 

 76 

 

$

 -

 

$

 -

 

$

 10,912 

Ending balance: collectively evaluated for impairment

$

 105,544 

 

$

 282,529 

 

$

 45,647 

 

$

 1,356 

 

$

 69,539 

 

$

 26,245 

 

$

 4,690 

 

$

 -

 

$

 535,550 

 

Troubled Debt Restructurings

The recorded investments in troubled debt restructured loans at December 31, 2015 and 2014 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)                

Pre-Modification

 

Post-Modification

 

 

December 31, 2015

Outstanding Recorded Investment

 

Outstanding Recorded Investment

 

Recorded Investment

Commercial and industrial

$

 40 

 

$

 35 

 

$

 15 

Commercial real estate

 

 3,634 

 

 

 3,117 

 

 

 2,235 

Residential mortgage

 

 733 

 

 

 727 

 

 

 555 

 

$

 4,407 

 

$

 3,879 

 

$

 2,805 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)                

Pre-Modification

 

Post-Modification

 

 

December 31, 2014

Outstanding Recorded Investment

 

Outstanding Recorded Investment

 

Recorded Investment

Commercial and industrial

$

 40 

 

$

 35 

 

$

 23 

Commercial real estate

 

 11,189 

 

 

 9,443 

 

 

 8,005 

Residential mortgage

 

 903 

 

 

 897 

 

 

 713 

Home equity

 

 50 

 

 

 7 

 

 

 5 

 

$

 12,182 

 

$

 10,382 

 

$

 8,746 

 

Schedule of Troubled Debt Restructurings Modified in the Period

The following table summarizes the loans whose terms have been modified resulting in troubled debt restructurings during the year ended December 31, 2014.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)               

 

 

Pre-Modification

 

Post-Modification

 

 

December 31, 2014

Number of Contracts

 

Outstanding Recorded Investment

 

Outstanding Recorded Investment

 

Recorded Investment

Commercial real estate

2

 

$

 1,057 

 

$

 757 

 

$

 734 

Residential mortgage

1

 

 

 540 

 

 

 540 

 

 

 520 

Home equity

1

 

 

 50 

 

 

 7 

 

 

 5 

 

4

 

$

 1,647 

 

$

 1,304 

 

$

 1,259 

 

Schedule of Accrection of Purchase Impaired Loan

The following table provides activity for the accretable yield of purchased impaired loans for the year ended December 31, 2015.

 

 

 

 

 

(Dollars in thousands)

 

Accretable yield, January 1, 2015

$

 -

Acquisition of impaired loans

 

 458 

Accretable yield amortized to interest income

 

 (280)

Accretable yield, December 31, 2015

$

 178