XML 35 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
Loans and Allowance for Loan and Lease Losses (Tables)
 9 Months Ended
Sep. 30, 2016
Accounts Notes Loans And Financing Receivable Gross Allowance And Net [Abstract]  
Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating

The classes of the loan portfolio, summarized by the pass rating, (net of deferred fees and costs of $203,000 as of September 30, 2016 and $178,000 as of December 31, 2015), and the classified ratings of special mention, substandard, and doubtful within Mid Penn’s internal risk rating system as of September 30, 2016 and December 31, 2015, are as follows:

 

(Dollars in thousands)

 

 

 

Special

 

 

 

 

 

 

 

September 30, 2016

 

Pass

 

 

Mention

 

 

Substandard

 

 

Doubtful

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

165,931

 

 

$

581

 

 

$

1,563

 

 

$

-

 

 

$

168,075

 

Commercial real estate

 

 

410,158

 

 

 

3,876

 

 

 

7,418

 

 

 

-

 

 

 

421,452

 

Commercial real estate - construction

 

 

55,646

 

 

 

1,673

 

 

 

-

 

 

 

-

 

 

 

57,319

 

Lease financing

 

 

506

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

506

 

Residential mortgage

 

 

102,886

 

 

 

320

 

 

 

1,277

 

 

 

-

 

 

 

104,483

 

Home equity

 

 

36,028

 

 

 

195

 

 

 

228

 

 

 

-

 

 

 

36,451

 

Consumer

 

 

3,198

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

3,198

 

 

 

$

774,353

 

 

$

6,645

 

 

$

10,486

 

 

$

-

 

 

$

791,484

 

 

(Dollars in thousands)

 

 

 

 

 

Special

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

Pass

 

 

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

 

 
Impaired Loans by Loan Portfolio Class

Impaired loans by loan portfolio class as of September 30, 2016 and December 31, 2015 are summarized as follows:

 

 

 

September 30, 2016

 

 

December 31, 2015

 

(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

 

$

6

 

 

$

42

 

 

$

-

 

 

$

14

 

 

$

49

 

 

$

-

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

773

 

 

 

1,825

 

 

 

-

 

 

 

1,023

 

 

 

2,020

 

 

 

-

 

Acquired with credit deterioration

 

 

972

 

 

 

972

 

 

 

-

 

 

 

931

 

 

 

931

 

 

 

-

 

Residential mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

847

 

 

 

884

 

 

 

-

 

 

 

1,329

 

 

 

1,434

 

 

 

-

 

Acquired with credit deterioration

 

 

380

 

 

 

380

 

 

 

-

 

 

 

400

 

 

 

400

 

 

 

-

 

Home equity

 

 

60

 

 

 

73

 

 

 

-

 

 

 

115

 

 

 

137

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

879

 

 

$

884

 

 

$

828

 

 

$

113

 

 

$

128

 

 

$

51

 

Commercial real estate

 

 

2,625

 

 

 

2,702

 

 

 

764

 

 

 

1,947

 

 

 

1,981

 

 

 

429

 

Residential mortgage

 

 

-

 

 

 

-

 

 

 

-

 

 

 

32

 

 

 

32

 

 

 

23

 

Home equity

 

 

30

 

 

 

49

 

 

 

2

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Impaired Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

885

 

 

$

926

 

 

$

828

 

 

$

127

 

 

$

177

 

 

$

51

 

Commercial real estate

 

 

4,370

 

 

 

5,499

 

 

 

764

 

 

 

3,901

 

 

 

4,932

 

 

 

429

 

Residential mortgage

 

 

1,227

 

 

 

1,264

 

 

 

-

 

 

 

1,761

 

 

 

1,866

 

 

 

23

 

Home equity

 

 

90

 

 

 

122

 

 

 

2

 

 

 

115

 

 

 

137

 

 

 

-

 

 
Average Recorded Investment Of Impaired Loans And Related Interest Income By Loan Portfolio Class

The average recorded investment of impaired loans and related interest income recognized for the three and nine months ended September 30, 2016 and 2015 are summarized as follows:

 

 

 

Three Months Ended

 

 

 

September 30, 2016

 

 

September 30, 2015

 

(Dollars in thousands)

 

Average Recorded Investment

 

 

Interest Income Recognized

 

 

Average Recorded Investment

 

 

Interest Income Recognized

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

8

 

 

$

-

 

 

$

18

 

 

$

-

 

Acquired with credit deterioration

 

 

-

 

 

 

-

 

 

 

-

 

 

 

100

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

797

 

 

 

-

 

 

 

991

 

 

 

14

 

Acquired with credit deterioration

 

 

965

 

 

 

-

 

 

 

926

 

 

 

-

 

Residential mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

834

 

 

 

6

 

 

 

735

 

 

 

8

 

Acquired with credit deterioration

 

 

376

 

 

 

-

 

 

 

426

 

 

 

-

 

Home equity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 

62

 

 

 

-

 

 

 

21

 

 

 

-

 

Acquired with credit deterioration

 

 

-

 

 

 

-

 

 

 

-

 

 

 

3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

469

 

 

$

-

 

 

$

124

 

 

$

-

 

Commercial real estate

 

 

2,643

 

 

 

-

 

 

 

5,167

 

 

 

-

 

Residential mortgage

 

 

-

 

 

 

-

 

 

 

31

 

 

 

-

 

Home equity

 

 

31

 

 

 

-

 

 

 

182

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Impaired Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

477

 

 

$

-

 

 

$

142

 

 

$

100

 

Commercial real estate

 

 

4,405

 

 

 

-

 

 

 

7,084

 

 

 

14

 

Residential mortgage

 

 

1,210

 

 

 

6

 

 

 

1,192

 

 

 

8

 

Home equity

 

 

93

 

 

 

-

 

 

 

203

 

 

 

3

 

 

 

 

Nine Months Ended

 

 

 

September 30, 2016

 

 

September 30, 2015

 

(Dollars in thousands)

 

Average Recorded Investment

 

 

Interest Income Recognized

 

 

Average Recorded Investment

 

 

Interest Income Recognized

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

12

 

 

$

-

 

 

$

22

 

 

$

-

 

Acquired with credit deterioration

 

 

-

 

 

 

-

 

 

 

-

 

 

 

205

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

865

 

 

 

-

 

 

 

1,072

 

 

 

14

 

Acquired with credit deterioration

 

 

944

 

 

 

-

 

 

 

947

 

 

 

347

 

Residential mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

802

 

 

 

15

 

 

 

673

 

 

 

8

 

Acquired with credit deterioration

 

 

375

 

 

 

4

 

 

 

427

 

 

 

-

 

Home equity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

59

 

 

 

-

 

 

22

 

 

 

-

 

Acquired with credit deterioration

 

 

-

 

 

 

-

 

 

 

-

 

 

 

3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

224

 

 

$

-

 

 

$

127

 

 

$

-

 

Commercial real estate

 

 

2,036

 

 

 

-

 

 

 

5,077

 

 

 

-

 

Residential mortgage

 

 

-

 

 

 

-

 

 

 

19

 

 

 

-

 

Home equity

 

 

33

 

 

 

-

 

 

 

178

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Impaired Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

236

 

 

$

-

 

 

$

149

 

 

$

205

 

Commercial real estate

 

 

3,845

 

 

 

-

 

 

 

7,096

 

 

 

361

 

Residential mortgage

 

 

1,177

 

 

 

19

 

 

 

1,119

 

 

 

8

 

Home equity

 

 

92

 

 

 

-

 

 

 

200

 

 

 

3

 

 
Non-accrual Loans by Classes of the Loan Portfolio

Nonaccrual loans by loan portfolio class as of September 30, 2016 and December 31, 2015 are summarized as follows:

 

(Dollars in thousands)

 

September 30, 2016

 

 

December 31, 2015

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

827

 

 

$

66

 

Commercial real estate

 

 

3,070

 

 

 

2,607

 

Residential mortgage

 

 

634

 

 

 

1,630

 

Home equity

 

 

90

 

 

 

115

 

 

 

$

4,621

 

 

$

4,418

 

 
Loan Portfolio Summarized by the Past Due Status

The classes of the loan portfolio summarized by the past due status as of September 30, 2016 and December 31, 2015 are summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

(Dollars in thousands)

 

30-59

 

 

60-89

 

 

Greater

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Receivable >

 

 

 

Days Past

 

 

Days Past

 

 

than 90

 

 

Total Past

 

 

 

 

 

 

 

 

 

 

90 Days and

 

September 30, 2016

 

Due

 

 

Due

 

 

Days

 

 

Due

 

 

Current

 

 

Total Loans

 

 

Accruing

 

Commercial and industrial

 

$

-

 

 

$

821

 

 

$

6

 

 

$

827

 

 

$

167,248

 

 

$

168,075

 

 

$

-

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

157

 

 

 

1,510

 

 

 

2,360

 

 

 

4,027

 

 

 

416,453

 

 

 

420,480

 

 

 

500

 

Acquired with credit deterioration

 

 

-

 

 

 

-

 

 

 

57

 

 

 

57

 

 

 

915

 

 

 

972

 

 

 

57

 

Commercial real estate - construction

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

57,319

 

 

 

57,319

 

 

 

-

 

Lease financing

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

506

 

 

 

506

 

 

 

-

 

Residential mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

170

 

 

 

88

 

 

 

159

 

 

 

417

 

 

 

103,686

 

 

 

104,103

 

 

 

-

 

Acquired with credit deterioration

 

 

40

 

 

 

-

 

 

 

194

 

 

 

234

 

 

 

146

 

 

 

380

 

 

 

-

 

Home equity

 

 

16

 

 

 

61

 

 

 

74

 

 

 

151

 

 

 

36,300

 

 

 

36,451

 

 

 

-

 

Consumer

 

 

2

 

 

 

-

 

 

 

-

 

 

 

2

 

 

 

3,196

 

 

 

3,198

 

 

 

-

 

Total

 

$

385

 

 

$

2,480

 

 

$

2,850

 

 

$

5,715

 

 

$

785,769

 

 

$

791,484

 

 

$

557

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

(Dollars in thousands)

 

30-59

 

 

60-89

 

 

Greater

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Receivable >

 

 

 

Days Past

 

 

Days Past

 

 

than 90

 

 

Total Past

 

 

 

 

 

 

 

 

 

 

90 Days and

 

December 31, 2015

 

Due

 

 

Due

 

 

Days

 

 

Due

 

 

Current

 

 

Total Loans

 

 

Accruing

 

Commercial and industrial

 

$

55

 

 

$

204

 

 

$

66

 

 

$

325

 

 

$

159,936

 

 

$

160,261

 

 

$

-

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

211

 

 

 

608

 

 

 

1,456

 

 

 

2,275

 

 

 

366,258

 

 

 

368,533

 

 

 

-

 

Acquired with credit deterioration

 

 

215

 

 

 

518

 

 

 

55

 

 

 

788

 

 

 

143

 

 

 

931

 

 

 

55

 

Commercial real estate - construction

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

68,068

 

 

 

68,068

 

 

 

-

 

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

 

 

-

 

 

 

50

 

 

 

23

 

 

 

73

 

 

 

33,338

 

 

 

33,411

 

 

 

-

 

Consumer

 

 

10

 

 

 

5

 

 

 

-

 

 

 

15

 

 

 

3,902

 

 

 

3,917

 

 

 

-

 

Total

 

$

1,197

 

 

$

1,935

 

 

$

2,600

 

 

$

5,732

 

 

$

733,459

 

 

$

739,191

 

 

$

55

 

 
Allowance and Recorded Investment in Financing Receivables

The following tables summarize the allowance and recorded investments in loans receivable.

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of, and for the periods ended, September 30, 2016

 

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,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 1, 2016

 

$

1,372

 

 

$

4,241

 

 

$

120

 

 

$

1

 

 

$

521

 

 

$

325

 

 

$

9

 

 

$

323

 

 

$

6,912

 

Charge-offs

 

 

 

 

 

 

(43

)

 

 

 

 

 

 

 

 

 

 

(4

)

 

 

-

 

 

 

(2

)

 

 

-

 

 

 

(49

)

Recoveries

 

 

1

 

 

 

29

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

4

 

 

 

-

 

 

 

34

 

Provisions

 

 

759

 

 

 

108

 

 

 

-

 

 

 

-

 

 

 

15

 

 

 

27

 

 

 

(1

)

 

 

(323

)

 

 

585

 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2016

 

$

2,132

 

 

$

4,335

 

 

$

120

 

 

$

1

 

 

$

532

 

 

$

352

 

 

$

10

 

 

$

-

 

 

$

7,482

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 1, 2016

 

$

1,393

 

 

$

3,552

 

 

$

153

 

 

$

1

 

 

$

534

 

 

$

317

 

 

$

12

 

 

$

206

 

 

$

6,168

 

Charge-offs

 

 

-

 

 

 

(193

)

 

 

-

 

 

 

-

 

 

 

(4

)

 

 

(25

)

 

 

(12

)

 

 

-

 

 

 

(234

)

Recoveries

 

 

3

 

 

 

190

 

 

 

-

 

 

 

-

 

 

 

25

 

 

 

-

 

 

 

10

 

 

 

-

 

 

 

228

 

Provisions

 

 

736

 

 

 

786

 

 

 

(33

)

 

 

-

 

 

 

(23

)

 

 

60

 

 

 

-

 

 

 

(206

)

 

 

1,320

 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2016

 

 

2,132

 

 

 

4,335

 

 

 

120

 

 

 

1

 

 

 

532

 

 

 

352

 

 

 

10

 

 

 

-

 

 

 

7,482

 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

individually evaluated for impairment

 

 

828

 

 

 

764

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

2

 

 

 

-

 

 

 

-

 

 

 

1,594

 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

collectively evaluated for impairment

 

$

1,304

 

 

$

3,571

 

 

$

120

 

 

$

1

 

 

$

532

 

 

$

350

 

 

$

10

 

 

$

-

 

 

$

5,888

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

168,075

 

 

$

421,452

 

 

$

57,319

 

 

$

506

 

 

$

104,483

 

 

$

36,451

 

 

$

3,198

 

 

$

-

 

 

$

791,484

 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

individually evaluated for impairment

 

 

885

 

 

 

3,398

 

 

 

-

 

 

 

-

 

 

 

847

 

 

 

90

 

 

 

-

 

 

 

-

 

 

 

5,220

 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

acquired with credit deterioration

 

 

-

 

 

 

972

 

 

 

-

 

 

 

-

 

 

 

380

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,352

 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

collectively evaluated for impairment

 

$

167,190

 

 

$

417,082

 

 

$

57,319

 

 

$

506

 

 

$

103,256

 

 

$

36,361

 

 

$

3,198

 

 

$

-

 

 

$

784,912

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of, and for the periods ended, September 30, 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,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 1, 2015

 

$

1,748

 

 

$

3,891

 

 

$

40

 

 

$

2

 

 

$

481

 

 

$

611

 

 

$

40

 

 

$

38

 

 

$

6,851

 

Charge-offs

 

 

(130

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(34

)

 

 

(7

)

 

 

(2

)

 

 

-

 

 

 

(173

)

Recoveries

 

 

10

 

 

 

5

 

 

 

-

 

 

 

-

 

 

 

23

 

 

 

-

 

 

 

3

 

 

 

-

 

 

 

41

 

Provisions

 

 

(67

)

 

 

237

 

 

 

86

 

 

 

(1

)

 

 

33

 

 

 

22

 

 

 

(7

)

 

 

(38

)

 

 

265

 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2015

 

$

1,561

 

 

$

4,133

 

 

$

126

 

 

$

1

 

 

$

503

 

 

$

626

 

 

$

34

 

 

$

-

 

 

$

6,984

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 1, 2015

 

$

1,393

 

 

$

3,925

 

 

$

33

 

 

$

2

 

 

$

450

 

 

$

653

 

 

$

35

 

 

$

225

 

 

$

6,716

 

Charge-offs

 

 

(130

)

 

 

(505

)

 

 

-

 

 

 

-

 

 

 

(35

)

 

 

(36

)

 

 

(13

)

 

 

-

 

 

 

(719

)

Recoveries

 

 

10

 

 

 

48

 

 

 

-

 

 

 

-

 

 

 

23

 

 

 

29

 

 

 

12

 

 

 

-

 

 

 

122

 

Provisions

 

 

288

 

 

 

665

 

 

 

93

 

 

 

(1

)

 

 

65

 

 

 

(20

)

 

 

-

 

 

 

(225

)

 

 

865

 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2015

 

 

1,561

 

 

 

4,133

 

 

 

126

 

 

 

1

 

 

 

503

 

 

 

626

 

 

 

34

 

 

 

-

 

 

 

6,984

 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

individually evaluated for impairment

 

 

58

 

 

 

1,531

 

 

 

-

 

 

 

-

 

 

 

23

 

 

 

129

 

 

 

-

 

 

 

-

 

 

 

1,741

 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

collectively evaluated for impairment

 

$

1,503

 

 

$

2,602

 

 

$

126

 

 

$

1

 

 

$

480

 

 

$

497

 

 

$

34

 

 

$

-

 

 

$

5,243

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

161,421

 

 

$

350,747

 

 

$

68,952

 

 

$

804

 

 

$

101,085

 

 

$

33,165

 

 

$

2,911

 

 

$

-

 

 

$

719,085

 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

individually evaluated for impairment

 

 

140

 

 

 

6,324

 

 

 

-

 

 

 

-

 

 

 

801

 

 

 

185

 

 

 

-

 

 

 

-

 

 

 

7,450

 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

acquired with credit deterioration

 

 

-

 

 

 

927

 

 

 

-

 

 

 

-

 

 

 

419

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,346

 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

collectively evaluated for impairment

 

$

161,281

 

 

$

343,496

 

 

$

68,952

 

 

$

804

 

 

$

99,865

 

 

$

32,980

 

 

$

2,911

 

 

$

-

 

 

$

710,289

 

 

(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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

acquired with credit deterioration

 

 

-

 

 

 

931

 

 

 

-

 

 

 

-

 

 

 

400

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,331

 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

collectively evaluated

for impairment

 

$

160,134

 

 

$

365,563

 

 

$

68,068

 

 

$

727

 

 

$

101,582

 

 

$

33,296

 

 

$

3,917

 

 

$

-

 

 

$

733,287

 

 
Troubled Debt Restructurings

The recorded investments in troubled debt restructured loans at September 30, 2016 and December 31, 2015 are as follows:

 

(Dollars in thousands)

Pre-Modification

 

 

Post-Modification

 

 

 

 

September 30, 2016

Outstanding Recorded Investment

 

 

Outstanding Recorded Investment

 

 

Recorded Investment

 

Commercial and industrial

$

40

 

 

$

35

 

 

$

6

 

Commercial real estate

 

3,634

 

 

 

3,117

 

 

 

2,030

 

Residential mortgage

 

691

 

 

 

689

 

 

 

575

 

 

$

4,365

 

 

$

3,841

 

 

$

2,611

 

 

(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

 

 
Schedule of Accretion of Purchased Impaired Loan

The following table provides activity for the accretable yield of acquired impaired loans for the three and nine months ended September 30, 2016.

 

(Dollars in thousands)

 

 

 

 

 

 

 

Accretable yield, July 1, 2016

 

$

143

 

Accretable yield amortized to interest income

 

 

(32

)

Reclassification from nonaccretable difference (a)

 

 

-

 

Accretable yield, September 30, 2016

 

$

111

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Accretable yield, January 1, 2016

 

$

178

 

Accretable yield amortized to interest income

 

 

(97

)

Reclassification from nonaccretable difference (a)

 

 

30

 

Accretable yield, September 30, 2016

 

$

111

 

 

 

(a)

Reclassification from non-accretable difference represents an increase to the estimated cash flows to be collected on the underlying portfolio.