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Loans (Tables)
 9 Months Ended
Sep. 30, 2012
Loans [Abstract]  
Classification Of Loans By Class [Table Text Block]

 

 

 

 

 

 

 

(In thousands)

 

September 30, 2012

 

December 31, 2011

SBA loans

 

$
67,007 

 

$
71,843 

SBA 504 loans

 

 
41,771 

 

 
55,108 

Commercial loans

 

 

 

 

 

 

Commercial other

 

 
25,480 

 

 
26,542 

Commercial real estate

 

 
269,015 

 

 
246,824 

Commercial real estate construction

 

 
12,074 

 

 
9,738 

Residential mortgage loans

 

 

 

 

 

 

Residential mortgages

 

 
129,490 

 

 
123,843 

Residential construction

 

 

 -

 

 
2,205 

Purchased residential mortgages

 

 
7,702 

 

 
8,042 

Consumer loans

 

 

 

 

 

 

Home equity

 

 
43,315 

 

 
46,935 

Consumer other

 

 
1,056 

 

 
1,512 

Total loans

 

$
596,910 

 

$
592,592 

 

Loan Portfolio By Class According To Their Credit Quality Indicators [Table Text Block]

The tables below detail the Company’s loan portfolio by class according to their credit quality indicators discussed in the paragraphs above as of September 30, 2012:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2012

 

 

SBA, SBA 504 & Commercial loans - Internal risk ratings

(In thousands)

 

Pass

 

Special mention

 

Substandard

 

Total

SBA loans

 

$
52,664 

 

$
7,349 

 

$
6,994 

 

$
67,007 

SBA 504 loans

 

 
32,101 

 

 
4,089 

 

 
5,581 

 

 
41,771 

Commercial loans

 

 

 

 

 

 

 

 

 

 

 

 

Commercial other

 

 
21,079 

 

 
1,735 

 

 
2,666 

 

 
25,480 

Commercial real estate

 

 
225,472 

 

 
36,547 

 

 
6,996 

 

 
269,015 

Commercial real estate construction

 

 
11,872 

 

 
202 

 

 

 -

 

 
12,074 

Total commercial loans

 

 
258,423 

 

 
38,484 

 

 
9,662 

 

 
306,569 

Total SBA, SBA 504 and commercial loans

 

$
343,188 

 

$
49,922 

 

$
22,237 

 

$
415,347 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage & Consumer loans - Performing/Nonperforming

(In thousands)

 

 

 

 

Performing

 

Nonperforming

 

Total

Residential mortgage loans

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgages

 

 

 

 

$
126,967 

 

$
2,523 

 

$
129,490 

Purchased residential mortgages

 

 

 

 

 
4,535 

 

 
3,167 

 

 
7,702 

Total residential mortgage loans

 

 

 

 

 
131,502 

 

 
5,690 

 

 
137,192 

Consumer loans

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 

 

 

 
43,067 

 

 
248 

 

 
43,315 

Consumer other

 

 

 

 

 
1,047 

 

 
9 

 

 
1,056 

Total consumer loans

 

 

 

 

$
44,114 

 

$
257 

 

$
44,371 

Total loans

 

 

 

 

 

 

 

 

 

 

$
596,910 

 

The tables below detail the Company’s loan portfolio by class according to their credit quality indicators discussed in the paragraphs above as of December 31, 2011: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

 

SBA, SBA 504 & Commercial loans - Internal risk ratings

(In thousands)

 

Pass

 

Special mention

 

Substandard

 

Total

SBA loans

 

$
49,568 

 

$
8,900 

 

$
13,375 

 

$
71,843 

SBA 504 loans

 

 
39,566 

 

 
5,543 

 

 
9,999 

 

 
55,108 

Commercial loans

 

 

 

 

 

 

 

 

 

 

 

 

Commercial other

 

 
20,921 

 

 
1,160 

 

 
4,461 

 

 
26,542 

Commercial real estate

 

 
187,680 

 

 
49,231 

 

 
9,913 

 

 
246,824 

Commercial real estate construction

 

 
8,255 

 

 
883 

 

 
600 

 

 
9,738 

Total commercial loans

 

 
216,856 

 

 
51,274 

 

 
14,974 

 

 
283,104 

Total SBA, SBA 504 and commercial loans

 

$
305,990 

 

$
65,717 

 

$
38,348 

 

$
410,055 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage & Consumer loans - Performing/Nonperforming

(In thousands)

 

 

 

 

Performing

 

Nonperforming

 

Total

Residential mortgage loans

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgages

 

 

 

 

$
122,012 

 

$
1,831 

 

$
123,843 

Residential construction

 

 

 

 

 
36 

 

 
2,169 

 

 
2,205 

Purchased residential mortgages

 

 

 

 

 
6,005 

 

 
2,037 

 

 
8,042 

Total residential mortgage loans

 

 

 

 

 
128,053 

 

 
6,037 

 

 
134,090 

Consumer loans

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 

 

 

 
46,676 

 

 
259 

 

 
46,935 

Consumer other

 

 

 

 

 
1,503 

 

 
9 

 

 
1,512 

Total consumer loans

 

 

 

 

$
48,179 

 

$
268 

 

$
48,447 

Total loans

 

 

 

 

 

 

 

 

 

 

$
592,592 

 

Aging Analysis Of Past Due And Nonaccrual Loans By Loan Class [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2012

(In thousands)

 

30-59 days past due

 

60-89 days past due

 

90+ days and still accruing

 

Nonaccrual (1)

 

Total past due

 

Current

 

Total loans

SBA loans

 

$
2,928 

 

$
174 

 

$

 -

 

$
3,167 

 

$
6,269 

 

$
60,738 

 

$
67,007 

SBA 504 loans

 

 
3,741 

 

 

 -

 

 

 -

 

 
1,172 

 

 
4,913 

 

 
36,858 

 

 
41,771 

Commercial loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial other

 

 
50 

 

 

 -

 

 
2 

 

 
1,199 

 

 
1,251 

 

 
24,229 

 

 
25,480 

Commercial real estate

 

 
1,949 

 

 
274 

 

 
432 

 

 
5,849 

 

 
8,504 

 

 
260,511 

 

 
269,015 

Commercial real estate construction

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
12,074 

 

 
12,074 

Residential mortgage loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgages

 

 
1,922 

 

 
843 

 

 
1,162 

 

 
2,523 

 

 
6,450 

 

 
123,040 

 

 
129,490 

Purchased residential mortgages

 

 
3 

 

 
617 

 

 
34 

 

 
3,167 

 

 
3,821 

 

 
3,881 

 

 
7,702 

Consumer loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 
1,198 

 

 
34 

 

 

 -

 

 
248 

 

 
1,480 

 

 
41,835 

 

 
43,315 

Consumer other

 

 
5 

 

 

 -

 

 

 -

 

 
9 

 

 
14 

 

 
1,042 

 

 
1,056 

Total loans

 

$
11,796 

 

$
1,942 

 

$
1,630 

 

$
17,334 

 

$
32,702 

 

$
564,208 

 

$
596,910 

 

(1) At September 30, 2012, nonaccrual loans included $1.6 million of troubled debt restructurings ("TDRs") and $566 thousand of loans guaranteed by the SBA.  The remaining $17.3 million of TDRs are in accrual status because they are performing in accordance with their restructured terms.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

(In thousands)

 

30-59 days past due

 

60-89 days past due

 

90+ days and still accruing

 

Nonaccrual (1)

 

Total past due

 

Current

 

Total loans

SBA loans

 

$
881 

 

$
225 

 

$
246 

 

$
5,859 

 

$
7,211 

 

$
64,632 

 

$
71,843 

SBA 504 loans

 

 
2,006 

 

 

 -

 

 

 -

 

 
2,086 

 

 
4,092 

 

 
51,016 

 

 
55,108 

Commercial loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial other

 

 
1,158 

 

 

 -

 

 
192 

 

 
815 

 

 
2,165 

 

 
24,377 

 

 
26,542 

Commercial real estate

 

 
2,493 

 

 
3,119 

 

 
949 

 

 
7,104 

 

 
13,665 

 

 
233,159 

 

 
246,824 

Commercial real estate construction

 

 

 -

 

 

 -

 

 

 -

 

 
600 

 

 
600 

 

 
9,138 

 

 
9,738 

Residential mortgage loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgages

 

 
3,519 

 

 
1,310 

 

 

 -

 

 
1,831 

 

 
6,660 

 

 
117,183 

 

 
123,843 

Residential construction

 

 

 -

 

 

 -

 

 
36 

 

 
2,169 

 

 
2,205 

 

 

 -

 

 
2,205 

Purchased residential mortgages

 

 
149 

 

 

 -

 

 

 -

 

 
2,037 

 

 
2,186 

 

 
5,856 

 

 
8,042 

Consumer loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 
338 

 

 
199 

 

 
988 

 

 
259 

 

 
1,784 

 

 
45,151 

 

 
46,935 

Consumer other

 

 
1 

 

 
3 

 

 

 -

 

 
9 

 

 
13 

 

 
1,499 

 

 
1,512 

Total loans

 

$
10,545 

 

$
4,856 

 

$
2,411 

 

$
22,769 

 

$
40,581 

 

$
552,011 

 

$
592,592 

 

(1) At December 31, 2011, nonaccrual loans included $3.6 million of TDRs and $939 thousand of loans guaranteed by the SBA.  The remaining $17.4 million of TDRs are in accrual status because they are performing in accordance with their restructured terms.

Impaired Loans With The Associated Allowance Amount [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2012

(In thousands)

 

Outstanding principal balance

 

Specific reserves

 

Net exposure (balance less specific reserves)

With no related allowance:

 

 

 

 

 

 

 

 

 

SBA loans (1)

 

$
1,354 

 

$

 -

 

$
1,354 

SBA 504 loans

 

 
5,483 

 

 

 -

 

 
5,483 

Commercial loans

 

 

 

 

 

 

 

 

 

Commercial other

 

 
2,036 

 

 

 -

 

 
2,036 

Commercial real estate

 

 
4,654 

 

 

 -

 

 
4,654 

Total commercial loans

 

 
6,690 

 

 

 -

 

 
6,690 

Total impaired loans with no related allowance

 

 
13,527 

 

 

 -

 

 
13,527 

 

 

 

 

 

 

 

 

 

 

With an allowance:

 

 

 

 

 

 

 

 

 

SBA loans (1)

 

 
2,180 

 

 
850 

 

 
1,330 

Commercial loans

 

 

 

 

 

 

 

 

 

Commercial other

 

 
112 

 

 
112 

 

 

 -

Commercial real estate

 

 
12,252 

 

 
1,420 

 

 
10,832 

Total commercial loans

 

 
12,364 

 

 
1,532 

 

 
10,832 

Total impaired loans with a related allowance

 

 
14,544 

 

 
2,382 

 

 
12,162 

 

 

 

 

 

 

 

 

 

 

Total individually evaluated impaired loans:

 

 

 

 

 

 

 

 

 

SBA loans (1)

 

 
3,534 

 

 
850 

 

 
2,684 

SBA 504 loans

 

 
5,483 

 

 

 -

 

 
5,483 

Commercial loans

 

 

 

 

 

 

 

 

 

Commercial other

 

 
2,148 

 

 
112 

 

 
2,036 

Commercial real estate

 

 
16,906 

 

 
1,420 

 

 
15,486 

Total commercial loans

 

 
19,054 

 

 
1,532 

 

 
17,522 

Total individually evaluated impaired loans

 

 
28,071 

 

 
2,382 

 

 
25,689 

 

 

 

 

 

 

 

 

 

 

Homogeneous collectively evaluated impaired loans:

 

 

 

 

 

 

 

 

 

Residential mortgage loans

 

 

 

 

 

 

 

 

 

Residential mortgages

 

 
2,523 

 

 

 -

 

 
2,523 

Purchased residential mortgages

 

 
3,167 

 

 

 -

 

 
3,167 

Total residential mortgage loans

 

 
5,690 

 

 

 -

 

 
5,690 

Consumer loans

 

 

 

 

 

 

 

 

 

Home equity

 

 
248 

 

 

 -

 

 
248 

Consumer other

 

 
9 

 

 

 -

 

 
9 

Total consumer loans

 

 
257 

 

 

 -

 

 
257 

Total homogeneous collectively evaluated impaired loans

 

 
5,947 

 

 

 -

 

 
5,947 

 

 

 

 

 

 

 

 

 

 

Total impaired loans

 

$
34,018 

 

$
2,382 

 

$
31,636 

 

(1) Balances are reduced by amount guaranteed by the Small Business Administration of $566 thousand at September 30, 2012.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

(In thousands)

 

Outstanding principal balance

 

Specific reserves

 

Net exposure (balance less specific reserves)

With no related allowance:

 

 

 

 

 

 

 

 

 

SBA loans (1)

 

$
1,553 

 

$

 -

 

$
1,553 

SBA 504 loans

 

 
5,331 

 

 

 -

 

 
5,331 

Commercial loans

 

 

 

 

 

 

 

 

 

Commercial other

 

 
1,725 

 

 

 -

 

 
1,725 

Commercial real estate

 

 
6,197 

 

 

 -

 

 
6,197 

Total commercial loans

 

 
7,922 

 

 

 -

 

 
7,922 

Total impaired loans with no related allowance

 

 
14,806 

 

 

 -

 

 
14,806 

 

 

 

 

 

 

 

 

 

 

With an allowance:

 

 

 

 

 

 

 

 

 

SBA loans (1)

 

 
4,763 

 

 
1,694 

 

 
3,069 

SBA 504 loans

 

 
1,127 

 

 
1 

 

 
1,126 

Commercial loans

 

 

 

 

 

 

 

 

 

Commercial other

 

 
75 

 

 
75 

 

 

 -

Commercial real estate

 

 
11,589 

 

 
2,530 

 

 
9,059 

Commercial real estate construction

 

 
600 

 

 
149 

 

 
451 

Total commercial loans

 

 
12,264 

 

 
2,754 

 

 
9,510 

Total impaired loans with a related allowance

 

 
18,154 

 

 
4,449 

 

 
13,705 

 

 

 

 

 

 

 

 

 

 

Total individually evaluated impaired loans:

 

 

 

 

 

 

 

 

 

SBA loans (1)

 

 
6,316 

 

 
1,694 

 

 
4,622 

SBA 504 loans

 

 
6,458 

 

 
1 

 

 
6,457 

Commercial loans

 

 

 

 

 

 

 

 

 

Commercial other

 

 
1,800 

 

 
75 

 

 
1,725 

Commercial real estate

 

 
17,786 

 

 
2,530 

 

 
15,256 

Commercial real estate construction

 

 
600 

 

 
149 

 

 
451 

Total commercial loans

 

 
20,186 

 

 
2,754 

 

 
17,432 

Total individually evaluated impaired loans

 

 
32,960 

 

 
4,449 

 

 
28,511 

 

 

 

 

 

 

 

 

 

 

Homogeneous collectively evaluated impaired loans:

 

 

 

 

 

 

 

 

 

Residential mortgage loans

 

 

 

 

 

 

 

 

 

Residential mortgages

 

 
1,831 

 

 

 -

 

 
1,831 

Residential construction

 

 
2,169 

 

 

 -

 

 
2,169 

Purchased residential mortgages

 

 
2,037 

 

 

 -

 

 
2,037 

Total residential mortgage loans

 

 
6,037 

 

 

 -

 

 
6,037 

Consumer loans

 

 

 

 

 

 

 

 

 

Home equity

 

 
259 

 

 

 -

 

 
259 

Consumer other

 

 
9 

 

 

 -

 

 
9 

Total consumer loans

 

 
268 

 

 

 -

 

 
268 

Total homogeneous collectively evaluated impaired loans

 

 
6,305 

 

 

 -

 

 
6,305 

 

 

 

 

 

 

 

 

 

 

Total impaired loans

 

$
39,265 

 

$
4,449 

 

$
34,816 

 

(1) Balances are reduced by amount guaranteed by the SBA of $939 thousand at December 31, 2011.

Average Recorded Investments In Impaired Loans And The Related Amount Of Interest Recognized [TableText Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended September 30,

 

 

2012

 

2011

(In thousands)

 

Average recorded investment

 

Interest income recognized on impaired loans

 

Average recorded investment

 

Interest income recognized on impaired loans

SBA loans (1)

 

$
3,405 

 

$
48 

 

$
6,768 

 

$
57 

SBA 504 loans

 

 
5,828 

 

 
69 

 

 
8,284 

 

 
67 

Commercial loans

 

 

 

 

 

 

 

 

 

 

 

 

Commercial other

 

 
3,567 

 

 
13 

 

 
1,388 

 

 
8 

Commercial real estate

 

 
18,879 

 

 
157 

 

 
16,366 

 

 
120 

Commercial real estate construction

 

 

 -

 

 

 -

 

 
600 

 

 

 -

Residential mortgage loans

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgages

 

 
2,104 

 

 

 -

 

 
2,202 

 

 

 -

Purchased residential mortgages

 

 
3,168 

 

 

 -

 

 
2,251 

 

 

 -

Consumer loans

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 
290 

 

 

 -

 

 
269 

 

 

 -

Consumer other

 

 
10 

 

 

 -

 

 
9 

 

 

 -

Total

 

$
37,251 

 

$
287 

 

$
38,137 

 

$
252 

 

(1) Balances are reduced by the average amount guaranteed by the Small Business Administration of $534 thousand and $1.7 million for the three months ended September 30, 2012 and 2011, respectively.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the nine months ended September 30,

 

 

2012

 

2011

(In thousands)

 

Average recorded investment

 

Interest income recognized on impaired loans

 

Average recorded investment

 

Interest income recognized on impaired loans

SBA loans (1)

 

$
4,436 

 

$
164 

 

$
6,631 

 

$
174 

SBA 504 loans

 

 
6,244 

 

 
209 

 

 
9,223 

 

 
172 

Commercial loans

 

 

 

 

 

 

 

 

 

 

 

 

Commercial other

 

 
3,560 

 

 
40 

 

 
1,118 

 

 
17 

Commercial real estate

 

 
19,031 

 

 
454 

 

 
14,206 

 

 
277 

Commercial real estate construction

 

 
178 

 

 

 -

 

 
813 

 

 

 -

Residential mortgage loans

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgages

 

 
1,904 

 

 

 -

 

 
2,166 

 

 

 -

Residential construction

 

 
1,205 

 

 

 -

 

 

 -

 

 

 -

Purchased residential mortgages

 

 
2,512 

 

 

 -

 

 
2,165 

 

 

 -

Consumer loans

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 
301 

 

 

 -

 

 
282 

 

 

 -

Consumer other

 

 
10 

 

 

 -

 

 
4 

 

 

 -

Total

 

$
39,381 

 

$
867 

 

$
36,608 

 

$
640 

 

(1) Balances are reduced by the average amount guaranteed by the Small Business Administration of $567 thousand and $2.4 million for the nine months ended September 30, 2012 and 2011, respectively.

 

Troubled Debt Restructurings Loans Modified [Table Text Block]

There were no loans modified during the three months ended September 30, 2012 that were deemed to be TDRs.  The following table details loans modified during the three months ended September 30, 2011, including the number of modifications, the recorded investment at the time of the modification and the quarter-to-date impact to interest income as a result of the modification.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended September 30,

 

 

 

2011

 

(In thousands, except number of contracts)

 

Number of contracts

 

Recorded investment at time of modification

 

Impact of interest rate change on income

 

Commercial real estate

 

 
2 

 

 
1,082 

 

$

 -

 

Total

 

 
2 

 

 
1,082 

 

$

 -

 

 

The following table details loans modified during the nine months ended September 30, 2012 and 2011, including the number of modifications, the recorded investment at the time of the modification and the year-to-date impact to interest income as a result of the modification.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the nine months ended September 30,

 

 

2012

 

2011

(In thousands, except number of contracts)

 

Number of contracts

 

Recorded investment at time of modification

 

Impact of interest rate change on income

 

Number of contracts

 

Recorded investment at time of modification

 

Impact of interest rate change on income

SBA loans

 

 

 -

 

$

 -

 

$

 -

 

 
1 

 

$
46 

 

$

 -

SBA 504 loans

 

 

 -

 

 

 -

 

 

 -

 

 
1 

 

 
1,339 

 

 
12 

Commercial loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial other

 

 

 -

 

 

 -

 

 

 -

 

 
1 

 

 
985 

 

 
4 

Commercial real estate

 

 
3 

 

 
1,856 

 

 
11 

 

 
6 

 

 
7,720 

 

 
6 

Total

 

 
3 

 

$
1,856 

 

$
11 

 

 
9 

 

$
10,090 

 

$
22 

 

In addition, there was one loan modified as a TDR within the previous 12 months where a concession was made and the loan subsequently defaulted at some point during the three months ended September 30, 2012.  In this case, subsequent default is defined as being transferred to nonaccrual status.  There were no additional defaults during the current year to date period and three subsequent defaults during the nine months ended September 30, 2011. These defaults are detailed in the following table:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the nine months ended September 30,

 

 

2012

 

2011

(In thousands, except number of contracts)

 

Number of contracts

 

Recorded investment

 

Number of contracts

 

Recorded investment

SBA loans

 

 

 -

 

$

 -

 

 
1 

 

$
52 

Commercial loans

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 
1 

 

 
909 

 

 
2 

 

 
729 

Total

 

 
1 

 

$
909 

 

 
3 

 

$
781 

 

Troubled Debt Restructurings Types Of Modifications [TableText Block]

 

 

For the three months ended September 30, 2011

(In thousands)

 

Commercial real estate

 

Total

Type of modification:

 

 

 

 

 

 

Reduced interest rate

 

$
590 

 

$
590 

Interest only with reduced interest rate

 

 
492 

 

 
492 

Total TDRs

 

$
1,082 

 

$
1,082 

 

The following tables show the types of modifications done during the nine months ended September 30, 2012 and 2011, with the respective loan balances as of those period ends:

 

 

 

 

 

 

 

 

 

 

 

For the nine months ended September 30, 2012

(In thousands)

 

Commercial real estate

 

Total

Type of modification:

 

 

 

 

 

 

Interest only

 

$
1,856 

 

$
1,856 

Total TDRs

 

$
1,856 

 

$
1,856 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the nine months ended September 30, 2011

(In thousands)

 

SBA

 

SBA 504

 

Commercial other

 

Commercial real estate

 

Total

Type of modification:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest only

 

$

 -

 

$

 -

 

$

 -

 

$
1,617 

 

$
1,617 

Reduced interest rate

 

 

 -

 

 

 -

 

 

 -

 

 
590 

 

 
590 

Interest only with reduced interest rate

 

 

 -

 

 

 -

 

 
985 

 

 
5,512 

 

 
6,497 

Interest only with nominal principal

 

 
44 

 

 

 -

 

 

 -

 

 

 -

 

 
44 

Previously modified back to original terms

 

 

 -

 

 
1,333 

 

 

 -

 

 

 -

 

 
1,333 

Total TDRs

 

$
44 

 

$
1,333 

 

$
985 

 

$
7,719 

 

$
10,081