CODORUS VALLEY BANCORP INC - 10-K filing on 2015-03-10

Loans (Tables)

12 Months Ended

Dec. 31, 2014



		December 31,	% Total		December 31,	% Total
(dollars in thousands)		2014	Loans		2013	Loans
Builder & developer	$	114,695	12.5	$	106,436	12.4
Commercial real estate investor		144,206	15.7		141,372	16.5
Residential real estate investor		97,562	10.6		78,400	9.1
Hotel/Motel		79,412	8.6		70,324	8.2
Wholesale & retail		75,063	8.2		75,445	8.8
Manufacturing		34,162	3.7		36,872	4.3
Agriculture		42,136	4.6		38,041	4.4
Other		186,086	20.2		167,325	19.4
Total commercial related loans		773,322	84.1		714,215	83.1
Residential mortgages		32,453	3.5		25,695	3.0
Home equity		82,256	8.9		80,859	9.4
Other		32,059	3.5		38,615	4.5
Total consumer related loans		146,768	15.9		145,169	16.9
Total loans	$	920,090	100.0	$	859,384	100.0

Summary Of Loan Risk Ratings By Loan Class



				Special
(dollars in thousands)		Pass		Mention		Substandard		Nonaccrual		Total
December 31, 2014
Builder & developer	$	102,109	$	6,613	$	3,861	$	2,112	$	114,695
Commercial real estate investor		133,923		3,733		3,377		3,173		144,206
Residential real estate investor		91,765		4,059		266		1,472		97,562
Hotel/Motel		78,892		0		0		520		79,412
Wholesale & retail		66,415		8,526		0		122		75,063
Manufacturing		29,528		3,979		655		0		34,162
Agriculture		39,025		2,679		432		0		42,136
Other		183,556		1,083		840		607		186,086
Total commercial related loans		725,213		30,672		9,431		8,006		773,322
Residential mortgage		32,307		0		28		118		32,453
Home equity		81,581		566		0		109		82,256
Other		31,586		80		0		393		32,059
Total consumer related loans		145,474		646		28		620		146,768
Total loans	$	870,687	$	31,318	$	9,459	$	8,626	$	920,090

December 31, 2013
Builder & developer	$	91,106	$	4,879	$	4,786	$	5,665	$	106,436
Commercial real estate investor		129,763		3,749		3,426		4,434		141,372
Residential real estate investor		74,626		1,790		187		1,797		78,400
Hotel/Motel		70,324		0		0		0		70,324
Wholesale & retail		73,425		892		0		1,128		75,445
Manufacturing		34,986		1,215		671		0		36,872
Agriculture		34,961		2,629		451		0		38,041
Other		164,621		880		482		1,342		167,325
Total commercial related loans		673,812		16,034		10,003		14,366		714,215
Residential mortgage		25,541		4		30		120		25,695
Home equity		80,271		357		11		220		80,859
Other		37,814		207		0		594		38,615
Total consumer related loans		143,626		568		41		934		145,169
Total loans	$	817,438	$	16,602	$	10,044	$	15,300	$	859,384

Summary Of Impaired Loans


		December 31, 2014						December 31, 2013
			Unpaid						Unpaid
	Recorded		Principal		Related		Recorded		Principal		Related
(dollars in thousands)	Investment		Balance		Allowance		Investment		Balance		Allowance
Impaired loans with no related allowance:
Builder & developer	$	3,928	$	3,928		-	$	3,861	$	3,861		-
Commercial real estate investor		5,055		5,055		-		7,860		7,860		-
Residential real estate investor		785		785		-		354		579		-
Hotel/Motel		520		520		-		0		0		-
Wholesale & retail		394		394		-		1,403		1,403		-
Manufacturing		655		655		-		671		671		-
Agriculture		0		0		-		0		0		-
Other commercial		973		973		-		1,498		1,498		-
Residential mortgage		146		172		-		150		176		-
Home equity		109		109		-		231		256		-
Other consumer		393		393		-		594		609		-
Total impaired loans with no related allowance	$	12,958	$	12,984		-	$	16,622	$	16,913		-
Impaired loans with a related allowance:
Builder & developer	$	2,045	$	2,045	$	953	$	7,733	$	7,733	$	850
Commercial real estate investor		1,495		1,495		600		0		0		0
Residential real estate investor		953		953		559		1,630		1,630		650
Hotel/Motel		0		0		0		0		0		0
Wholesale & retail		0		0		0		0		0		0
Manufacturing		0		0		0		0		0		0
Agriculture		432		432		100		451		451		100
Other commercial		474		474		300		326		326		120
Residential mortgage		0		0		0		0		0		0
Home equity		0		0		0		0		0		0
Other consumer		0		0		0		0		0		0
Total impaired loans with a related allowance	$	5,399	$	5,399	$	2,512	$	10,140	$	10,140	$	1,720
Total impaired loans:
Builder & developer	$	5,973	$	5,973	$	953	$	11,594	$	11,594	$	850
Commercial real estate investor		6,550		6,550		600		7,860		7,860		0
Residential real estate investor		1,738		1,738		559		1,984		2,209		650
Hotel/Motel		520		520		0		0		0		0
Wholesale & retail		394		394		0		1,403		1,403		0
Manufacturing		655		655		0		671		671		0
Agriculture		432		432		100		451		451		100
Other commercial		1,447		1,447		300		1,824		1,824		120
Residential mortgage		146		172		0		150		176		0
Home equity		109		109		0		231		256		0
Other consumer		393		393		0		594		609		0
Total impaired loans	$	18,357	$	18,383	$	2,512	$	26,762	$	27,053	$	1,720

Summary Of Average Impaired Loans And Related Interest Income



		For the years ended
		December 31, 2014						December 31, 2013						December 31, 2012
	Average		Total		Cash Basis		Average		Total		Cash Basis		Average		Total		Cash Basis
	Recorded		Interest		Interest		Recorded		Interest		Interest		Recorded		Interest		Interest
(dollars in thousands)	Investment		Income		Income		Investment		Income		Income		Investment		Income		Income
Impaired loans with no related allowance:
Builder & developer	$	4,154	$	290	$	20	$	8,703	$	215	$	8	$	8,849	$	570	$	65
Commercial real estate investor		6,794		213		102		6,334		301		162		4,910		281		108
Residential real estate investor		527		35		26		238		7		5		307		5		4
Hotel/Motel		463		19		0		0		0		0		0		0		0
Wholesale & retail		764		90		78		2,229		65		66		2,711		28		4
Manufacturing		665		42		0		683		44		0		707		42		0
Agriculture		0		0		0		0		0		0		0		0		0
Other commercial		1,156		148		128		1,570		19		4		4,020		177		138
Residential mortgage		147		4		3		124		6		5		133		6		4
Home equity		208		4		3		327		8		1		274		8		1
Other consumer		482		32		32		621		23		23		435		22		10
Total impaired loans with no related allowance	$	15,360	$	877	$	392	$	20,829	$	688	$	274	$	22,346	$	1,139	$	334

Impaired loans with a related allowance:
Builder & developer	$	3,958	$	18	$	0	$	1,624	$	294	$	0	$	260	$	6	$	4
Commercial real estate investor		299		87		0		0		0		0		45		0		0
Residential real estate investor		1,409		7		0		2,284		18		0		1,483		64		0
Hotel/Motel		0		0		0		0		0		0		0		0		0
Wholesale & retail		0		0		0		0		0		0		105		0		0
Manufacturing		0		0		0		0		0		0		0		0		0
Agriculture		442		31		0		462		33		0		481		34		0
Other commercial		390		22		0		694		0		0		935		2		0
Residential mortgage		0		0		0		0		0		0		0		0		0
Home equity		0		0		0		0		0		0		0		0		0
Other consumer		0		0		0		0		0		0		0		0		0
Total impaired loans with a related allowance	$	6,498	$	165	$	0	$	5,064	$	345	$	0	$	3,309	$	106	$	4

Total impaired loans:
Builder & developer	$	8,112	$	308	$	20	$	10,327	$	509	$	8	$	9,109	$	576	$	69
Commercial real estate investor		7,093		300		102		6,334		301		162		4,955		281		108
Residential real estate investor		1,936		42		26		2,522		25		5		1,790		69		4
Hotel/Motel		463		19		0		0		0		0		0		0		0
Wholesale & retail		764		90		78		2,229		65		66		2,816		28		4
Manufacturing		665		42		0		683		44		0		707		42		0
Agriculture		442		31		0		462		33		0		481		34		0
Other commercial		1,546		170		128		2,264		19		4		4,955		179		138
Residential mortgage		147		4		3		124		6		5		133		6		4
Home equity		208		4		3		327		8		1		274		8		1
Other consumer		482		32		32		621		23		23		435		22		10
Total impaired loans	$	21,858	$	1,042	$	392	$	25,893	$	1,033	$	274	$	25,655	$	1,245	$	338

Summary Of Past Due Accruing Loans, Nonaccrual Loans And Current Loans By Loan Segment And Class



					≥ 90 Days
	30-59		60-89		Past Due				Total Past
	Days		Days		and				Due and				Total
(dollars in thousands)	Past Due		Past Due		Accruing		Nonaccrual		Nonaccrual		Current		Loans
December 31, 2014
Builder & developer	$	106	$	0	$	0	$	2,112	$	2,218	$	112,477	$	114,695
Commercial real estate investor		0		0		0		3,173		3,173		141,033		144,206
Residential real estate investor		51		55		25		1,472		1,603		95,959		97,562
Hotel/Motel		0		0		0		520		520		78,892		79,412
Wholesale & retail		163		0		0		122		285		74,778		75,063
Manufacturing		0		0		0		0		0		34,162		34,162
Agriculture		432		0		0		0		432		41,704		42,136
Other		1,200		129		0		607		1,936		184,150		186,086
Total commercial related loans		1,952		184		25		8,006		10,167		763,155		773,322
Residential mortgage		0		0		29		118		147		32,306		32,453
Home equity		2,450		0		0		109		2,559		79,697		82,256
Other		94		80		0		393		567		31,492		32,059
Total consumer related loans		2,544		80		29		620		3,273		143,495		146,768
Total loans	$	4,496	$	264	$	54	$	8,626	$	13,440	$	906,650	$	920,090

December 31, 2013
Builder & developer	$	220	$	0	$	0	$	5,665	$	5,885	$	100,551	$	106,436
Commercial real estate investor		0		0		0		4,434		4,434		136,938		141,372
Residential real estate investor		0		265		0		1,797		2,062		76,338		78,400
Hotel/Motel		0		0		0		0		0		70,324		70,324
Wholesale & retail		0		0		0		1,128		1,128		74,317		75,445
Manufacturing		0		0		0		0		0		36,872		36,872
Agriculture		0		0		0		0		0		38,041		38,041
Other		109		0		0		1,342		1,451		165,874		167,325
Total commercial related loans		329		265		0		14,366		14,960		699,255		714,215
Residential mortgage		0		0		0		120		120		25,575		25,695
Home equity		171		0		0		220		391		80,468		80,859
Other		118		161		0		594		873		37,742		38,615
Total consumer related loans		289		161		0		934		1,384		143,785		145,169
Total loans	$	618	$	426	$	0	$	15,300	$	16,344	$	843,040	$	859,384

Schedule Of Troubled Debt Restructurings



	Modifications
		Pre-Modification		Post-Modification
	Number	Outstanding		Outstanding		Recorded
	of	Recorded		Recorded		Investment
(dollars in thousands)	Contracts	Investment		Investment		at Period End
Years ended:

December 31, 2014
Commercial related loans accruing	1	$	192	$	192	$	188
Consumer related loans nonaccrual	1	$	150	$	120	$	120

December 31, 2013
Commercial related loans accruing	1	$	208	$	208	$	199
Commercial related loans nonaccrual	2	$	2,482	$	2,482	$	2,069