XML 58 R40.htm IDEA: XBRL DOCUMENT v3.6.0.2
Loans and Allowance for Loan and Lease Losses (Tables)
 12 Months Ended
Dec. 31, 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 aggregate pass rating, net of deferred fees and costs of $196,000 and $178,000 as of December 31, 2016 and 2015, respectively, and the classified ratings of special mention, substandard, and doubtful within Mid Penn’s internal risk rating system as of December 31, 2016  and 2015, are noted below:

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

Pass

 

 

Special Mention

 

 

Substandard

 

 

Doubtful

 

 

Total

 

Commercial and industrial

 

$

170,780

 

 

$

937

 

 

$

801

 

 

$

—

 

 

$

172,518

 

Commercial real estate

 

 

437,592

 

 

 

1,683

 

 

 

7,249

 

 

 

—

 

 

 

446,524

 

Commercial real estate - construction

 

 

52,888

 

 

 

202

 

 

 

1,286

 

 

 

—

 

 

 

54,376

 

Lease financing

 

 

425

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

425

 

Residential mortgage

 

 

97,994

 

 

 

107

 

 

 

1,356

 

 

 

—

 

 

 

99,457

 

Home equity

 

 

37,242

 

 

 

142

 

 

 

224

 

 

 

—

 

 

 

37,608

 

Consumer

 

 

3,016

 

 

 

—

 

 

 

 

 

 

 

—

 

 

 

3,016

 

 

 

$

799,937

 

 

$

3,071

 

 

$

10,916

 

 

$

—

 

 

$

813,924

 

 

(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

 

 

 

—

 

 

 

100,665

 

Home equity

 

 

32,928

 

 

 

261

 

 

 

222

 

 

 

—

 

 

 

33,411

 

Consumer

 

 

3,917

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3,917

 

 

 

$

722,905

 

 

$

6,516

 

 

$

9,770

 

 

$

—

 

 

$

736,513

 

 
Impaired Loans by Loan Portfolio Class

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

 

 

 

December 31, 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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

4

 

 

$

9

 

 

$

—

 

 

$

14

 

 

$

49

 

 

$

—

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

726

 

 

 

1,792

 

 

 

—

 

 

 

1,023

 

 

 

2,020

 

 

 

—

 

Acquired with credit deterioration*

 

 

842

 

 

 

842

 

 

 

—

 

 

 

931

 

 

 

931

 

 

 

—

 

Commercial real estate - construction:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate - construction

 

 

618

 

 

 

618

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Residential mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

848

 

 

 

882

 

 

 

—

 

 

 

1,329

 

 

 

1,434

 

 

 

—

 

Acquired with credit deterioration*

 

 

389

 

 

 

389

 

 

 

—

 

 

 

400

 

 

 

400

 

 

 

—

 

Home equity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 

111

 

 

 

129

 

 

 

—

 

 

 

115

 

 

 

137

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

56

 

 

$

62

 

 

$

6

 

 

$

113

 

 

$

128

 

 

$

51

 

Commercial real estate

 

 

2,520

 

 

 

2,646

 

 

 

711

 

 

 

1,947

 

 

 

1,981

 

 

 

429

 

Commercial real estate - construction

 

 

242

 

 

 

242

 

 

 

72

 

 

 

—

 

 

 

—

 

 

 

—

 

Residential mortgage

 

 

68

 

 

 

68

 

 

 

68

 

 

 

32

 

 

 

32

 

 

 

23

 

Home equity

 

 

29

 

 

 

49

 

 

 

1

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

60

 

 

$

71

 

 

$

6

 

 

$

127

 

 

$

177

 

 

$

51

 

Commercial real estate

 

 

4,088

 

 

 

5,280

 

 

 

711

 

 

 

3,901

 

 

 

4,001

 

 

 

429

 

Commercial real estate - construction

 

 

860

 

 

 

860

 

 

 

72

 

 

 

—

 

 

 

—

 

 

 

—

 

Residential mortgage

 

 

1,305

 

 

 

1,339

 

 

 

68

 

 

 

1,761

 

 

 

1,466

 

 

 

23

 

Home equity

 

 

140

 

 

 

178

 

 

 

1

 

 

 

115

 

 

 

137

 

 

 

—

 

 
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, 2016, 2015, and 2014 are summarized as follows:

 

 

 

December 31, 2016

 

 

December 31, 2015

 

 

December 31, 2014

 

(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

 

$

9

 

 

$

—

 

 

$

19

 

 

$

—

 

 

$

72

 

 

$

—

 

Acquired with credit deterioration

 

 

—

 

 

 

—

 

 

 

—

 

 

 

205

 

 

 

—

 

 

 

—

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

820

 

 

 

—

 

 

 

1,051

 

 

 

14

 

 

 

1,966

 

 

 

346

 

Acquired with credit deterioration

 

 

810

 

 

 

164

 

 

 

926

 

 

 

350

 

 

 

—

 

 

 

—

 

Commercial real estate - construction:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate - construction

 

 

124

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Residential mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

821

 

 

 

21

 

 

 

816

 

 

 

8

 

 

 

541

 

 

 

—

 

Acquired with credit deterioration

 

 

378

 

 

 

4

 

 

 

400

 

 

 

—

 

 

 

—

 

 

 

—

 

Home equity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 

75

 

 

 

—

 

 

 

107

 

 

 

—

 

 

 

29

 

 

 

—

 

Acquired with credit deterioration

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

59

 

 

$

—

 

 

$

123

 

 

$

—

 

 

$

93

 

 

$

—

 

Commercial real estate

 

 

2,177

 

 

 

—

 

 

 

1,721

 

 

 

—

 

 

 

6,823

 

 

 

—

 

Commercial real estate - construction

 

 

48

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Residential mortgage

 

 

14

 

 

 

—

 

 

 

25

 

 

 

—

 

 

 

—

 

 

 

—

 

Home equity

 

 

32

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

76

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

68

 

 

$

—

 

 

$

142

 

 

$

205

 

 

$

165

 

 

$

—

 

Commercial real estate

 

 

3,807

 

 

 

164

 

 

 

3,698

 

 

 

364

 

 

 

8,789

 

 

 

346

 

Commercial real estate - construction

 

 

172

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Residential mortgage

 

 

1,213

 

 

 

25

 

 

 

1,241

 

 

 

8

 

 

 

541

 

 

 

—

 

Home equity

 

 

107

 

 

 

—

 

 

 

107

 

 

 

3

 

 

 

105

 

 

 

—

 

 
Non-accrual Loans by Classes of the Loan Portfolio

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

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

2016

 

 

2015

 

Commercial and industrial

 

$

4

 

 

$

66

 

Commercial real estate

 

 

2,939

 

 

 

2,607

 

Commercial real estate - construction

 

 

860

 

 

 

—

 

Residential mortgage

 

 

715

 

 

 

1,630

 

Home equity

 

 

140

 

 

 

115

 

 

 

$

4,658

 

 

$

4,418

 

 
Loan Portfolio Summarized by the Past Due Status

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

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

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

 

$

164

 

 

$

12

 

 

$

4

 

 

$

180

 

 

$

172,338

 

 

$

172,518

 

 

$

—

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

475

 

 

 

—

 

 

 

1,004

 

 

 

1,479

 

 

 

444,203

 

 

 

445,682

 

 

 

—

 

Acquired with credit deterioration

 

 

—

 

 

 

—

 

 

 

59

 

 

 

59

 

 

 

783

 

 

 

842

 

 

 

59

 

Commercial real

   estate - construction:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate - construction

 

 

—

 

 

 

404

 

 

 

84

 

 

 

488

 

 

 

53,888

 

 

 

54,376

 

 

 

—

 

Lease financing:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease financing

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

425

 

 

 

425

 

 

 

—

 

Residential mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 

 

548

 

 

 

124

 

 

 

237

 

 

 

909

 

 

 

98,159

 

 

 

99,068

 

 

 

—

 

Acquired with credit deterioration

 

 

—

 

 

 

—

 

 

 

238

 

 

 

238

 

 

 

151

 

 

 

389

 

 

 

—

 

Home equity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 

33

 

 

 

13

 

 

 

125

 

 

 

171

 

 

 

37,437

 

 

 

37,608

 

 

 

—

 

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3,016

 

 

 

3,016

 

 

 

—

 

Total

 

$

1,220

 

 

$

553

 

 

$

1,751

 

 

$

3,524

 

 

$

810,400

 

 

$

813,924

 

 

$

59

 

 

(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

 

 

 

366,258

 

 

 

368,533

 

 

 

—

 

Acquired with credit deterioration

 

 

215

 

 

 

518

 

 

 

55

 

 

 

788

 

 

 

143

 

 

 

931

 

 

 

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

 

 

 

98,243

 

 

 

100,265

 

 

 

—

 

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

 

 

$

730,781

 

 

$

736,513

 

 

$

55

 

 
Allowance for Loan Losses and Recorded Investment in Financing Receivables

Activity in the allowance for loan and lease losses for the years ended December 31, 2016, 2015, and 2014, and the recorded investment in loans receivable as of December 31, 2016, 2015, and 2014 are as follows:

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 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

 

$

1,393

 

 

$

3,552

 

 

$

153

 

 

$

1

 

 

$

534

 

 

$

317

 

 

$

12

 

 

$

206

 

 

$

6,168

 

Charge-offs

 

 

(820

)

 

 

(216

)

 

 

—

 

 

 

—

 

 

 

(4

)

 

 

(25

)

 

 

(42

)

 

 

—

 

 

 

(1,107

)

Recoveries

 

 

4

 

 

 

211

 

 

 

—

 

 

 

—

 

 

 

26

 

 

 

—

 

 

 

11

 

 

 

—

 

 

 

252

 

Provisions

 

 

1,003

 

 

 

776

 

 

 

(9

)

 

 

—

 

 

 

(15

)

 

 

87

 

 

 

22

 

 

 

6

 

 

 

1,870

 

Ending balance

 

 

1,580

 

 

 

4,323

 

 

 

144

 

 

 

1

 

 

 

541

 

 

 

379

 

 

 

3

 

 

 

212

 

 

 

7,183

 

Ending balance:

   individually

   evaluated for

   impairment

 

 

6

 

 

 

711

 

 

 

72

 

 

 

—

 

 

 

68

 

 

 

1

 

 

 

—

 

 

 

—

 

 

 

858

 

Ending balance:

   collectively

   evaluated for

   impairment

 

$

1,574

 

 

$

3,612

 

 

$

72

 

 

$

1

 

 

$

473

 

 

$

378

 

 

$

3

 

 

$

212

 

 

$

6,325

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

172,518

 

 

$

446,524

 

 

$

54,376

 

 

$

425

 

 

$

99,457

 

 

$

37,608

 

 

$

3,016

 

 

$

—

 

 

$

813,924

 

Ending balance:

   individually

   evaluated for

   impairment

 

 

60

 

 

 

3,246

 

 

 

860

 

 

 

—

 

 

 

916

 

 

 

140

 

 

 

—

 

 

 

—

 

 

 

5,222

 

Ending balance:

   acquired with

   credit

   deterioration

 

 

—

 

 

 

842

 

 

 

—

 

 

 

—

 

 

 

389

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,231

 

Ending balance:

   collectively

   evaluated for

   impairment

 

$

172,458

 

 

$

442,436

 

 

$

53,516

 

 

$

425

 

 

$

98,152

 

 

$

37,468

 

 

$

3,016

 

 

$

—

 

 

$

807,471

 

 

(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

 

 

$

100,665

 

 

$

33,411

 

 

$

3,917

 

 

$

—

 

 

$

736,513

 

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

 

 

$

98,904

 

 

 

33,296

 

 

$

3,917

 

 

$

—

 

 

$

730,609

 

 

(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

 

 
Troubled Debt Restructurings

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

 

(Dollars in thousands)

Pre-Modification

 

 

Post-Modification

 

 

 

 

December 31, 2016

Outstanding Recorded

Investment

 

 

Outstanding Recorded

Investment

 

 

Recorded Investment

 

Commercial and industrial

$

40

 

 

$

35

 

 

$

5

 

Commercial real estate

 

4,569

 

 

 

4,031

 

 

 

2,871

 

Residential mortgage

 

759

 

 

 

757

 

 

 

639

 

 

$

5,368

 

 

$

4,823

 

 

$

3,515

 

 

(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 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, 2016.

 

(Dollars in thousands)

 

 

 

Pre-Modification

 

 

Post-Modification

 

 

 

 

December 31, 2016

 

Number of Contracts

 

Outstanding Recorded Investment

 

 

Outstanding Recorded Investment

 

 

Recorded Investment

 

Commercial real estate

 

2

 

$

934

 

 

$

914

 

 

$

914

 

Residential mortgage

 

1

 

 

68

 

 

 

68

 

 

 

68

 

 

 

3

 

$

1,002

 

 

$

982

 

 

$

982

 

 
Schedule of Accretion of Purchased Impaired Loan

The following table provides activity for the accretable yield of purchased impaired loans for the year ended December 31, 2016.

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

Accretable yield, January 1, 2016

 

$

178

 

Accretable yield amortized to interest income

 

 

(141

)

Reclassification from nonaccretable difference (a)

 

 

30

 

Accretable yield, December 31, 2016

 

$

67

 

 

 

(a)

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