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Allowance for Loan Losses ("ALLL")
 6 Months Ended
Jun. 30, 2013
Allowance for Loan Losses ("ALLL")  
Allowance for Loan Losses ("ALLL")

Note 5.  Allowance for Loan Losses (“ALLL”)

 

The following table summarizes the activity in the allowance attributed to various segments in the loan portfolio:

 

 

 

Real Estate

 

 

 

 

 

 

 

 

 

All Other

 

 

 

(dollar amounts in thousands)

 

Secured

 

Commercial

 

Construction

 

Land

 

Installment

 

Loans

 

Total

 

Balance, March 31, 2013

 

$

6,140

 

$

6,742

 

$

142

 

$

4,578

 

$

106

 

$

35

 

$

17,743

 

Charge-offs

 

(90

)

(62

)

-    

 

-    

 

(55

)

-    

 

(207

)

Recoveries

 

8

 

336

 

1

 

31

 

22

 

-    

 

398

 

Provisions for loan losses

 

451

 

(398

)

55

 

(144

)

35

 

1

 

-    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, June 30, 2013

 

$

6,509

 

$

6,618

 

$

198

 

$

4,465

 

$

108

 

$

36

 

$

17,934

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, March 31, 2012

 

$

7,444

 

$

10,019

 

$

555

 

$

1,604

 

$

139

 

$

40

 

$

19,801

 

Charge-offs

 

(2,354

)

(619

)

(576

)

(1,383

)

(9

)

-    

 

(4,941

)

Recoveries

 

38

 

171

 

-    

 

10

 

4

 

2

 

225

 

Provisions for loan losses (1)

 

1,769

 

(3,310

)

402

 

4,252

 

(43

)

(6

)

3,064

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, June 30, 2012

 

$

6,897

 

$

6,261

 

$

381

 

$

4,483

 

$

91

 

$

36

 

$

18,149

 

 

(1) The provision for loan losses includes the transfer of $3.9 million from C&I to land related to the re-characterization of a loan as part of a TDR in the second quarter of 2012, as the restructured loan became more collateral dependent on a parcel of land.

 

 

 

Real Estate

 

 

 

 

 

 

 

 

 

All Other

 

 

 

(dollar amounts in thousands)

 

Secured

 

Commercial

 

Construction

 

Land

 

Installment

 

Loans

 

Total

 

Balance, December 31, 2012

 

$

6,879

 

$

6,154

 

$

313

 

$

4,670

 

$

64

 

$

38

 

$

18,118

 

Charge-offs

 

(90

)

(401

)

(169

)

(34

)

(173

)

-    

 

(867

)

Recoveries

 

124

 

472

 

1

 

34

 

52

 

-    

 

683

 

Provisions for loan losses

 

(404

)

393

 

53

 

(205

)

165

 

(2

)

-    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, June 30, 2013

 

$

6,509

 

$

6,618

 

$

198

 

$

4,465

 

$

108

 

$

36

 

$

17,934

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2011

 

$

9,645

 

$

6,549

 

$

488

 

$

2,416

 

$

175

 

$

41

 

$

19,314

 

Charge-offs

 

(2,365

)

(2,761

)

(576

)

(2,168

)

(20

)

(137

)

(8,027

)

Recoveries

 

62

 

377

 

-    

 

13

 

13

 

2

 

467

 

Provisions for loan losses (1) 

 

(445

)

2,096

 

469

 

4,222

 

(77

)

130

 

6,395

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, June 30, 2012

 

$

6,897

 

$

6,261

 

$

381

 

$

4,483

 

$

91

 

$

36

 

$

18,149

 

 

(1) The provision for loan losses includes the transfer of $3.9 million from C&I to land related to the re-characterization of a loan as part of a TDR in the second quarter of 2012, as the restructured loan became more collateral dependent on a parcel of land.

 

The following tables summarize comparative metrics about the allowance attributed to various segments of the loan portfolio:

 

 

 

June 30, 2013

 

 

 

Real Estate

 

 

 

 

 

 

 

 

 

All Other

 

 

 

(dollar amounts in thousands)

 

Secured

 

Commercial

 

Construction

 

Land

 

Installment

 

Loans

 

Total

 

Amount of allowance attributed to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Specifically evaluated impaired loans

 

$

29

 

$

3,266

 

$

-    

 

$

3,988

 

$

9

 

$

-    

 

$

7,292

 

General portfolio allocation

 

$

6,480

 

$

3,352

 

$

198

 

$

477

 

$

99

 

$

36

 

$

10,642

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for impairment

 

$

1,471

 

$

6,229

 

$

-    

 

$

8,209

 

$

29

 

$

-    

 

$

15,938

 

Loans collectively evaluated for impairment

 

$

569,572

 

$

130,893

 

$

10,562

 

$

15,366

 

$

4,115

 

$

165

 

$

730,673

 

General reserves to total loans collectively evaluated for impairment

 

1.14%

 

2.56%

 

1.87%

 

3.10%

 

2.41%

 

21.82%

 

1.46%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total gross loans

 

$

571,043

 

$

137,122

 

$

10,562

 

$

23,575

 

$

4,144

 

$

165

 

$

746,611

 

Total allowance to gross loans

 

1.14%

 

4.83%

 

1.87%

 

18.94%

 

2.61%

 

21.82%

 

2.40%

 

 

 

 

December 31, 2012

 

 

 

Real Estate

 

 

 

 

 

 

 

 

 

All Other

 

 

 

(dollar amounts in thousands)

 

Secured

 

Commercial

 

Construction

 

Land

 

Installment

 

Loans

 

Total

 

Amount of allowance attributed to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Specifically evaluated impaired loans

 

$

25

 

$

2,185

 

$

-    

 

$

3,829

 

$

22

 

$

-    

 

$

6,061

 

General portfolio allocation

 

$

6,854

 

$

3,969

 

$

313

 

$

841

 

$

42

 

$

38

 

$

12,057

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for impairment

 

$

2,898

 

$

5,596

 

$

1,380

 

$

7,182

 

$

285

 

$

-    

 

$

17,341

 

Loans collectively evaluated for impairment

 

$

490,110

 

$

141,468

 

$

18,336

 

$

17,482

 

$

4,610

 

$

261

 

$

672,267

 

General reserves to total loans collectively evaluated for impairment

 

1.40%

 

2.81%

 

1.71%

 

4.81%

 

0.91%

 

14.56%

 

1.79%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total gross loans

 

$

493,008

 

$

147,064

 

$

19,716

 

$

24,664

 

$

4,895

 

$

261

 

$

689,608

 

Total allowance to gross loans

 

1.40%

 

4.18%

 

1.59%

 

18.93%

 

1.31%

 

14.56%

 

2.63%