Loans (Tables)
|
12 Months Ended |
Dec. 31, 2015 |
|---|
| Receivables [Abstract] |
|
| Schedule of Loan Balances |
Loans at year end were as follows:
|
|
|
2015 |
|
|
2014 |
|
|
Originated loans: |
|
|
|
|
|
|
|
|
|
Commercial real estate |
|
|
|
|
|
|
|
|
|
Owner occupied |
|
$ |
113,160 |
|
|
$ |
74,829 |
|
|
Non-owner occupied |
|
|
139,502 |
|
|
|
122,228 |
|
|
Other |
|
|
50,855 |
|
|
|
26,137 |
|
|
Commercial |
|
|
157,447 |
|
|
|
120,493 |
|
|
Residential real estate |
|
|
|
|
|
|
|
|
|
1-4 family residential |
|
|
179,657 |
|
|
|
153,055 |
|
|
Home equity lines of credit |
|
|
41,171 |
|
|
|
31,255 |
|
|
Consumer |
|
|
|
|
|
|
|
|
|
Indirect |
|
|
127,335 |
|
|
|
120,931 |
|
|
Direct |
|
|
17,325 |
|
|
|
9,071 |
|
|
Other |
|
|
4,508 |
|
|
|
3,626 |
|
|
Subtotal |
|
|
830,960 |
|
|
|
661,625 |
|
|
Net deferred loan costs |
|
|
2,731 |
|
|
|
2,227 |
|
|
Allowance for loan losses |
|
|
(8,978 |
) |
|
|
(7,632 |
) |
|
Total originated loans |
|
|
824,713 |
|
|
|
656,220 |
|
|
Acquired loans: |
|
|
|
|
|
|
|
|
|
Commercial real estate |
|
|
|
|
|
|
|
|
|
Owner occupied |
|
|
131,673 |
|
|
|
0 |
|
|
Non-owner occupied |
|
|
28,045 |
|
|
|
0 |
|
|
Other |
|
|
23,536 |
|
|
|
0 |
|
|
Commercial |
|
|
73,621 |
|
|
|
0 |
|
|
Residential real estate |
|
|
|
|
|
|
|
|
|
1-4 family residential |
|
|
133,701 |
|
|
|
0 |
|
|
Home equity lines of credit |
|
|
40,929 |
|
|
|
0 |
|
|
Consumer |
|
|
|
|
|
|
|
|
|
Direct |
|
|
31,465 |
|
|
|
0 |
|
|
Other |
|
|
204 |
|
|
|
0 |
|
|
Total acquired loans |
|
|
463,174 |
|
|
|
0 |
|
|
Net loans |
|
$ |
1,287,887 |
|
|
$ |
656,220 |
|
|
| Purchased Credit Impaired Loans |
As part of the NBOH acquisition during 2015 the Company acquired various loans that displayed evidence of deterioration of credit quality since origination and which was probable that all contractually required payments would not be collected. The carrying amounts and contractually required payments of these loans which are included in the loan balances above are summarized in the following tables:
|
|
|
2015 |
|
|
Commercial real estate |
|
|
|
|
|
Owner occupied |
|
$ |
986 |
|
|
Non-owner occupied |
|
|
501 |
|
|
Commercial |
|
|
1,576 |
|
|
Total outstanding balance |
|
$ |
3,063 |
|
|
Carrying amount, net of allowance of $31 |
|
$ |
2,215 |
|
|
| Schedule of Accretable Yield or Income Expected to be Collected |
Accretable yield, or income expected to be collected, is shown in the table below:
|
|
|
2015 |
|
|
Beginning balance |
|
$ |
0 |
|
|
New loans purchased |
|
|
361 |
|
|
Accretion of income |
|
|
(38 |
) |
|
Ending balance |
|
$ |
323 |
|
|
| Schedule of Receivables for which Contractually Required Payments would not be Collected |
Contractually required payments receivable on loans purchased credit impaired acquired during the year:
|
|
|
2015 |
|
|
Commercial real estate |
|
|
|
|
|
Owner occupied |
|
$ |
1,063 |
|
|
Non-owner occupied |
|
|
586 |
|
|
Commercial |
|
|
1,476 |
|
|
Total |
|
$ |
3,125 |
|
|
|
|
|
|
|
|
Cash flows expected to be collected at acquisition |
|
$ |
2,764 |
|
|
Fair value of acquired loans at acquisition |
|
$ |
2,538 |
|
|
| Activity in the Allowance for Loan Losses by Portfolio Segment |
The following tables present the activity in the allowance for loan losses by portfolio segment for years ended December 31, 2015, 2014 and 2013:
|
December 31, 2015 |
|
Commercial
Real Estate |
|
|
Commercial |
|
|
Residential
Real Estate |
|
|
Consumer |
|
|
Unallocated |
|
|
Total |
|
|
Allowance for loan losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
2,676 |
|
|
$ |
1,420 |
|
|
$ |
1,689 |
|
|
$ |
1,663 |
|
|
$ |
184 |
|
|
$ |
7,632 |
|
|
Provision for loan losses |
|
|
857 |
|
|
|
234 |
|
|
|
354 |
|
|
|
1,776 |
|
|
|
289 |
|
|
|
3,510 |
|
|
Loans charged off |
|
|
(536 |
) |
|
|
(290 |
) |
|
|
(320 |
) |
|
|
(2,058 |
) |
|
|
0 |
|
|
|
(3,204 |
) |
|
Recoveries |
|
|
130 |
|
|
|
9 |
|
|
|
122 |
|
|
|
779 |
|
|
|
0 |
|
|
|
1,040 |
|
|
Total ending allowance balance |
|
$ |
3,127 |
|
|
$ |
1,373 |
|
|
$ |
1,845 |
|
|
$ |
2,160 |
|
|
$ |
473 |
|
|
$ |
8,978 |
|
|
December 31, 2014 |
|
Commercial
Real Estate |
|
|
Commercial |
|
|
Residential
Real Estate |
|
|
Consumer |
|
|
Unallocated |
|
|
Total |
|
|
Allowance for loan losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
2,752 |
|
|
$ |
1,219 |
|
|
$ |
1,964 |
|
|
$ |
1,419 |
|
|
$ |
214 |
|
|
$ |
7,568 |
|
|
Provision for loan losses |
|
|
(50 |
) |
|
|
357 |
|
|
|
233 |
|
|
|
1,370 |
|
|
|
(30 |
) |
|
|
1,880 |
|
|
Loans charged off |
|
|
(151 |
) |
|
|
(185 |
) |
|
|
(585 |
) |
|
|
(2,213 |
) |
|
|
0 |
|
|
|
(3,134 |
) |
|
Recoveries |
|
|
125 |
|
|
|
29 |
|
|
|
77 |
|
|
|
1,087 |
|
|
|
0 |
|
|
|
1,318 |
|
|
Total ending allowance balance |
|
$ |
2,676 |
|
|
$ |
1,420 |
|
|
$ |
1,689 |
|
|
$ |
1,663 |
|
|
$ |
184 |
|
|
$ |
7,632 |
|
|
December 31, 2013 |
|
Commercial
Real Estate |
|
|
Commercial |
|
|
Residential
Real Estate |
|
|
Consumer |
|
|
Unallocated |
|
|
Total |
|
|
Allowance for loan losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
3,392 |
|
|
$ |
1,453 |
|
|
$ |
1,569 |
|
|
$ |
951 |
|
|
$ |
264 |
|
|
$ |
7,629 |
|
|
Provision for loan losses |
|
|
(306 |
) |
|
|
(397 |
) |
|
|
674 |
|
|
|
1,369 |
|
|
|
(50 |
) |
|
|
1,290 |
|
|
Loans charged off |
|
|
(505 |
) |
|
|
(99 |
) |
|
|
(326 |
) |
|
|
(1,723 |
) |
|
|
0 |
|
|
|
(2,653 |
) |
|
Recoveries |
|
|
171 |
|
|
|
262 |
|
|
|
47 |
|
|
|
822 |
|
|
|
0 |
|
|
|
1,302 |
|
|
Total ending allowance balance |
|
$ |
2,752 |
|
|
$ |
1,219 |
|
|
$ |
1,964 |
|
|
$ |
1,419 |
|
|
$ |
214 |
|
|
$ |
7,568 |
|
|
| Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment and Based |
The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2015 and 2014. The recorded investment in loans includes the unpaid principal balance and unamortized loan origination fees and costs, but excludes accrued interest receivable which is not considered to be material.
|
December 31, 2015 |
|
Commercial
Real Estate |
|
|
Commercial |
|
|
Residential
Real Estate |
|
|
Consumer |
|
|
Unallocated |
|
|
Total |
|
|
Allowance for loan losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending allowance balance attributable to loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment |
|
$ |
429 |
|
|
$ |
5 |
|
|
$ |
63 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
497 |
|
|
Collectively evaluated for impairment |
|
|
2,698 |
|
|
|
1,337 |
|
|
|
1,782 |
|
|
|
2,160 |
|
|
|
473 |
|
|
|
8,450 |
|
|
Acquired loans |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
Acquired with deteriorated credit quality |
|
|
0 |
|
|
|
31 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
31 |
|
|
Total ending allowance balance |
|
$ |
3,127 |
|
|
$ |
1,373 |
|
|
$ |
1,845 |
|
|
$ |
2,160 |
|
|
$ |
473 |
|
|
$ |
8,978 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans individually evaluated for impairment |
|
$ |
5,853 |
|
|
$ |
712 |
|
|
$ |
3,414 |
|
|
$ |
103 |
|
|
$ |
0 |
|
|
$ |
10,082 |
|
|
Loans collectively evaluated for impairment |
|
|
296,866 |
|
|
|
156,415 |
|
|
|
217,023 |
|
|
|
153,305 |
|
|
|
0 |
|
|
|
823,609 |
|
|
Acquired loans |
|
|
181,987 |
|
|
|
72,673 |
|
|
|
174,630 |
|
|
|
31,669 |
|
|
|
0 |
|
|
|
460,959 |
|
|
Acquired with deteriorated credit quality |
|
|
1,267 |
|
|
|
948 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
2,215 |
|
|
Total ending loans balance |
|
$ |
485,973 |
|
|
$ |
230,748 |
|
|
$ |
395,067 |
|
|
$ |
185,077 |
|
|
$ |
0 |
|
|
$ |
1,296,865 |
|
|
December 31, 2014 |
|
Commercial
Real Estate |
|
|
Commercial |
|
|
Residential
Real Estate |
|
|
Consumer |
|
|
Unallocated |
|
|
Total |
|
|
Allowance for loan losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending allowance balance attributable to loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment |
|
$ |
514 |
|
|
$ |
272 |
|
|
$ |
88 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
874 |
|
|
Collectively evaluated for impairment |
|
|
2,162 |
|
|
|
1,148 |
|
|
|
1,601 |
|
|
|
1,663 |
|
|
|
184 |
|
|
|
6,758 |
|
|
Total ending allowance balance |
|
$ |
2,676 |
|
|
$ |
1,420 |
|
|
$ |
1,689 |
|
|
$ |
1,663 |
|
|
$ |
184 |
|
|
$ |
7,632 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans individually evaluated for impairment |
|
$ |
7,139 |
|
|
$ |
1,940 |
|
|
$ |
3,425 |
|
|
$ |
93 |
|
|
$ |
0 |
|
|
$ |
12,597 |
|
|
Loans collectively evaluated for impairment |
|
|
215,434 |
|
|
|
118,210 |
|
|
|
180,428 |
|
|
|
137,183 |
|
|
|
0 |
|
|
|
651,255 |
|
|
Total ending loans balance |
|
$ |
222,573 |
|
|
$ |
120,150 |
|
|
$ |
183,853 |
|
|
$ |
137,276 |
|
|
$ |
0 |
|
|
$ |
663,852 |
|
|
| Loans Individually Evaluated for Impairment by Class of Loans |
The following tables present information related to impaired loans by class of loans as of and for year ended December 31, 2015, 2014 and 2013. The recorded investment in loans excludes accrued interest receivable due to immateriality.
|
December 31, 2015 |
|
Unpaid Principal
Balance |
|
|
Recorded
Investment |
|
|
Allowance for
Loan Losses
Allocated |
|
|
Average Recorded Investment |
|
|
Interest Income Recognized |
|
|
With no related allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
|
$ |
2,956 |
|
|
$ |
2,436 |
|
|
$ |
0 |
|
|
$ |
2,080 |
|
|
$ |
106 |
|
|
Non-owner occupied |
|
|
343 |
|
|
|
342 |
|
|
|
0 |
|
|
|
372 |
|
|
|
30 |
|
|
Commercial |
|
|
834 |
|
|
|
631 |
|
|
|
0 |
|
|
|
433 |
|
|
|
23 |
|
|
Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 family residential |
|
|
2,575 |
|
|
|
2,310 |
|
|
|
0 |
|
|
|
2,174 |
|
|
|
147 |
|
|
Home equity lines of credit |
|
|
283 |
|
|
|
268 |
|
|
|
0 |
|
|
|
260 |
|
|
|
15 |
|
|
Consumer |
|
|
214 |
|
|
|
103 |
|
|
|
0 |
|
|
|
81 |
|
|
|
14 |
|
|
Subtotal |
|
|
7,205 |
|
|
|
6,090 |
|
|
|
0 |
|
|
|
5,400 |
|
|
|
335 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With an allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
|
|
1,597 |
|
|
|
1,595 |
|
|
|
379 |
|
|
|
2,008 |
|
|
|
70 |
|
|
Non-owner occupied |
|
|
1,480 |
|
|
|
1,480 |
|
|
|
50 |
|
|
|
1,511 |
|
|
|
79 |
|
|
Commercial |
|
|
81 |
|
|
|
81 |
|
|
|
5 |
|
|
|
540 |
|
|
|
4 |
|
|
Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 family residential |
|
|
769 |
|
|
|
749 |
|
|
|
61 |
|
|
|
919 |
|
|
|
39 |
|
|
Home equity lines of credit |
|
|
87 |
|
|
|
87 |
|
|
|
2 |
|
|
|
96 |
|
|
|
4 |
|
|
Consumer |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
Subtotal |
|
|
4,014 |
|
|
|
3,992 |
|
|
|
497 |
|
|
|
5,074 |
|
|
|
196 |
|
|
Total |
|
$ |
11,219 |
|
|
$ |
10,082 |
|
|
$ |
497 |
|
|
$ |
10,474 |
|
|
$ |
531 |
|
|
December 31, 2014 |
|
Unpaid Principal
Balance |
|
|
Recorded
Investment |
|
|
Allowance for
Loan Losses
Allocated |
|
|
Average Recorded Investment |
|
|
Interest Income Recognized |
|
|
With no related allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
|
$ |
2,448 |
|
|
$ |
2,318 |
|
|
$ |
0 |
|
|
$ |
1,860 |
|
|
$ |
46 |
|
|
Non-owner occupied |
|
|
391 |
|
|
|
391 |
|
|
|
0 |
|
|
|
653 |
|
|
|
20 |
|
|
Commercial |
|
|
531 |
|
|
|
511 |
|
|
|
0 |
|
|
|
1,273 |
|
|
|
22 |
|
|
Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 family residential |
|
|
2,421 |
|
|
|
2,156 |
|
|
|
0 |
|
|
|
1,804 |
|
|
|
79 |
|
|
Home equity lines of credit |
|
|
476 |
|
|
|
251 |
|
|
|
0 |
|
|
|
263 |
|
|
|
13 |
|
|
Consumer |
|
|
185 |
|
|
|
93 |
|
|
|
0 |
|
|
|
166 |
|
|
|
4 |
|
|
Subtotal |
|
|
6,452 |
|
|
|
5,720 |
|
|
|
0 |
|
|
|
6,019 |
|
|
|
184 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With an allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
|
|
2,882 |
|
|
|
2,882 |
|
|
|
446 |
|
|
|
2,104 |
|
|
|
94 |
|
|
Non-owner occupied |
|
|
1,548 |
|
|
|
1,548 |
|
|
|
68 |
|
|
|
1,570 |
|
|
|
81 |
|
|
Commercial |
|
|
1,444 |
|
|
|
1,429 |
|
|
|
272 |
|
|
|
818 |
|
|
|
2 |
|
|
Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 family residential |
|
|
944 |
|
|
|
928 |
|
|
|
85 |
|
|
|
1,207 |
|
|
|
41 |
|
|
Home equity lines of credit |
|
|
90 |
|
|
|
90 |
|
|
|
3 |
|
|
|
113 |
|
|
|
5 |
|
|
Consumer |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
2 |
|
|
|
0 |
|
|
Subtotal |
|
|
6,908 |
|
|
|
6,877 |
|
|
|
874 |
|
|
|
5,814 |
|
|
|
223 |
|
|
Total |
|
$ |
13,360 |
|
|
$ |
12,597 |
|
|
$ |
874 |
|
|
$ |
11,833 |
|
|
$ |
407 |
|
|
December 31, 2013 |
|
Unpaid Principal
Balance |
|
|
Recorded
Investment |
|
|
Allowance for
Loan Losses
Allocated |
|
|
Average Recorded Investment |
|
|
Interest Income Recognized |
|
|
With no related allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
|
$ |
4,302 |
|
|
$ |
3,762 |
|
|
$ |
0 |
|
|
$ |
2,643 |
|
|
$ |
137 |
|
|
Non-owner occupied |
|
|
491 |
|
|
|
389 |
|
|
|
0 |
|
|
|
438 |
|
|
|
0 |
|
|
Commercial |
|
|
1,007 |
|
|
|
971 |
|
|
|
0 |
|
|
|
1,363 |
|
|
|
25 |
|
|
Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 family residential |
|
|
1,026 |
|
|
|
961 |
|
|
|
0 |
|
|
|
1,462 |
|
|
|
51 |
|
|
Home equity lines of credit |
|
|
107 |
|
|
|
99 |
|
|
|
0 |
|
|
|
194 |
|
|
|
0 |
|
|
Consumer |
|
|
111 |
|
|
|
112 |
|
|
|
0 |
|
|
|
9 |
|
|
|
0 |
|
|
Subtotal |
|
|
7,044 |
|
|
|
6,294 |
|
|
|
0 |
|
|
|
6,109 |
|
|
|
213 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With an allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
|
|
886 |
|
|
|
884 |
|
|
|
91 |
|
|
|
2,536 |
|
|
|
39 |
|
|
Non-owner occupied |
|
|
1,593 |
|
|
|
1,588 |
|
|
|
75 |
|
|
|
1,975 |
|
|
|
87 |
|
|
Commercial |
|
|
1,462 |
|
|
|
1,459 |
|
|
|
110 |
|
|
|
594 |
|
|
|
5 |
|
|
Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 family residential |
|
|
1,458 |
|
|
|
1,347 |
|
|
|
190 |
|
|
|
112 |
|
|
|
48 |
|
|
Home equity lines of credit |
|
|
148 |
|
|
|
147 |
|
|
|
12 |
|
|
|
12 |
|
|
|
0 |
|
|
Consumer |
|
|
247 |
|
|
|
251 |
|
|
|
82 |
|
|
|
21 |
|
|
|
0 |
|
|
Subtotal |
|
|
5,794 |
|
|
|
5,676 |
|
|
|
560 |
|
|
|
5,250 |
|
|
|
179 |
|
|
Total |
|
$ |
12,838 |
|
|
$ |
11,970 |
|
|
$ |
560 |
|
|
$ |
11,359 |
|
|
$ |
392 |
|
Cash basis interest income recognized and interest income recognized was materially equal for 2015, 2014 and 2013.
|
| Schedule of Investment in Nonaccrual and Loans Past Due 90 Days or More Still on Accrual by Class of Loans |
Nonaccrual loans and loans past due 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. The following table presents the recorded investment in nonaccrual and loans past due over 90 days still on accrual by class of loans as of December 31, 2015 and 2014:
|
|
|
December 31, 2015 |
|
|
December 31, 2014 |
|
|
|
|
Nonaccrual |
|
|
Loans Past Due
90 Days or More
Still Accruing |
|
|
Nonaccrual |
|
|
Loans Past Due
90 Days or More
Still Accruing |
|
|
Originated loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
|
$ |
3,313 |
|
|
$ |
0 |
|
|
$ |
3,315 |
|
|
$ |
44 |
|
|
Non-owner occupied |
|
|
345 |
|
|
|
0 |
|
|
|
41 |
|
|
|
0 |
|
|
Commercial |
|
|
541 |
|
|
|
73 |
|
|
|
1,645 |
|
|
|
0 |
|
|
Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 family residential |
|
|
2,406 |
|
|
|
336 |
|
|
|
2,742 |
|
|
|
195 |
|
|
Home equity lines of credit |
|
|
127 |
|
|
|
112 |
|
|
|
139 |
|
|
|
40 |
|
|
Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Indirect |
|
|
266 |
|
|
|
297 |
|
|
|
90 |
|
|
|
193 |
|
|
Direct |
|
|
30 |
|
|
|
3 |
|
|
|
36 |
|
|
|
0 |
|
|
Other |
|
|
0 |
|
|
|
24 |
|
|
|
0 |
|
|
|
1 |
|
|
Total originated loans |
|
$ |
7,028 |
|
|
$ |
845 |
|
|
$ |
8,008 |
|
|
$ |
473 |
|
|
Acquired loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
|
$ |
126 |
|
|
$ |
18 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
Other |
|
|
92 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
Commercial |
|
|
1,068 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 family residential |
|
|
458 |
|
|
|
467 |
|
|
|
0 |
|
|
|
0 |
|
|
Home equity lines of credit |
|
|
125 |
|
|
|
7 |
|
|
|
0 |
|
|
|
0 |
|
|
Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Direct |
|
|
161 |
|
|
|
50 |
|
|
|
0 |
|
|
|
0 |
|
|
Total acquired loans |
|
$ |
2,030 |
|
|
$ |
542 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
Total loans |
|
$ |
9,058 |
|
|
$ |
1,387 |
|
|
$ |
8,008 |
|
|
$ |
473 |
|
|
| Schedule of Investment in Past Due Loans |
The following tables present the aging of the recorded investment in past due loans as of December 31, 2015 and 2014 by class of loans:
|
December 31, 2015 |
|
30-59
Days Past
Due |
|
|
60-89
Days Past
Due |
|
|
90 Days or More Past Due
and Nonaccrual |
|
|
Total Past
Due |
|
|
Loans Not
Past Due |
|
|
Total |
|
|
Originated loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
|
$ |
34 |
|
|
$ |
0 |
|
|
$ |
3,313 |
|
|
$ |
3,347 |
|
|
$ |
109,532 |
|
|
$ |
112,879 |
|
|
Non-owner occupied |
|
|
0 |
|
|
|
0 |
|
|
|
345 |
|
|
|
345 |
|
|
|
138,824 |
|
|
|
139,169 |
|
|
Other |
|
|
112 |
|
|
|
0 |
|
|
|
0 |
|
|
|
112 |
|
|
|
50,559 |
|
|
|
50,671 |
|
|
Commercial |
|
|
0 |
|
|
|
0 |
|
|
|
614 |
|
|
|
614 |
|
|
|
156,513 |
|
|
|
157,127 |
|
|
Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 family residential |
|
|
1,694 |
|
|
|
402 |
|
|
|
2,742 |
|
|
|
4,838 |
|
|
|
174,376 |
|
|
|
179,214 |
|
|
Home equity lines of credit |
|
|
62 |
|
|
|
5 |
|
|
|
239 |
|
|
|
306 |
|
|
|
40,917 |
|
|
|
41,223 |
|
|
Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Indirect |
|
|
2,059 |
|
|
|
525 |
|
|
|
563 |
|
|
|
3,147 |
|
|
|
128,280 |
|
|
|
131,427 |
|
|
Direct |
|
|
311 |
|
|
|
5 |
|
|
|
33 |
|
|
|
349 |
|
|
|
17,124 |
|
|
|
17,473 |
|
|
Other |
|
|
13 |
|
|
|
10 |
|
|
|
24 |
|
|
|
47 |
|
|
|
4,461 |
|
|
|
4,508 |
|
|
Total originated loans: |
|
$ |
4,285 |
|
|
$ |
947 |
|
|
$ |
7,873 |
|
|
$ |
13,105 |
|
|
$ |
820,586 |
|
|
$ |
833,691 |
|
|
Acquired loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
|
$ |
669 |
|
|
$ |
0 |
|
|
$ |
144 |
|
|
$ |
813 |
|
|
$ |
130,860 |
|
|
$ |
131,673 |
|
|
Non-owner occupied |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
28,045 |
|
|
|
28,045 |
|
|
Other |
|
|
0 |
|
|
|
0 |
|
|
|
92 |
|
|
|
92 |
|
|
|
23,444 |
|
|
|
23,536 |
|
|
Commercial |
|
|
276 |
|
|
|
2 |
|
|
|
1,068 |
|
|
|
1,346 |
|
|
|
72,275 |
|
|
|
73,621 |
|
|
Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 family residential |
|
|
1,994 |
|
|
|
244 |
|
|
|
925 |
|
|
|
3,163 |
|
|
|
130,538 |
|
|
|
133,701 |
|
|
Home equity lines of credit |
|
|
78 |
|
|
|
11 |
|
|
|
132 |
|
|
|
221 |
|
|
|
40,708 |
|
|
|
40,929 |
|
|
Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Direct |
|
|
567 |
|
|
|
56 |
|
|
|
211 |
|
|
|
834 |
|
|
|
30,631 |
|
|
|
31,465 |
|
|
Other |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
204 |
|
|
|
204 |
|
|
Total acquired loans |
|
$ |
3,584 |
|
|
$ |
313 |
|
|
$ |
2,572 |
|
|
$ |
6,469 |
|
|
$ |
456,705 |
|
|
$ |
463,174 |
|
|
Total loans |
|
$ |
7,869 |
|
|
$ |
1,260 |
|
|
$ |
10,445 |
|
|
$ |
19,574 |
|
|
$ |
1,277,291 |
|
|
$ |
1,296,865 |
|
|
December 31, 2014 |
|
30-59
Days Past
Due |
|
|
60-89
Days Past
Due |
|
|
90 Days or More
Past Due
and Nonaccrual |
|
|
Total Past
Due |
|
|
Loans Not
Past Due |
|
|
Total |
|
|
Originated loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
3,359 |
|
|
$ |
3,359 |
|
|
$ |
71,272 |
|
|
$ |
74,631 |
|
|
Non-owner occupied |
|
|
0 |
|
|
|
0 |
|
|
|
41 |
|
|
|
41 |
|
|
|
121,872 |
|
|
|
121,913 |
|
|
Other |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
26,029 |
|
|
|
26,029 |
|
|
Commercial |
|
|
0 |
|
|
|
0 |
|
|
|
1,645 |
|
|
|
1,645 |
|
|
|
118,505 |
|
|
|
120,150 |
|
|
Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 family residential |
|
|
1,892 |
|
|
|
546 |
|
|
|
2,937 |
|
|
|
5,375 |
|
|
|
147,223 |
|
|
|
152,598 |
|
|
Home equity lines of credit |
|
|
205 |
|
|
|
92 |
|
|
|
179 |
|
|
|
476 |
|
|
|
30,779 |
|
|
|
31,255 |
|
|
Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Indirect |
|
|
2,136 |
|
|
|
406 |
|
|
|
283 |
|
|
|
2,825 |
|
|
|
121,754 |
|
|
|
124,579 |
|
|
Direct |
|
|
108 |
|
|
|
18 |
|
|
|
36 |
|
|
|
162 |
|
|
|
8,909 |
|
|
|
9,071 |
|
|
Other |
|
|
17 |
|
|
|
6 |
|
|
|
1 |
|
|
|
24 |
|
|
|
3,602 |
|
|
|
3,626 |
|
|
Total loans |
|
$ |
4,358 |
|
|
$ |
1,068 |
|
|
$ |
8,481 |
|
|
$ |
13,907 |
|
|
$ |
649,945 |
|
|
$ |
663,852 |
|
|
| Schedule of Loans by Class Modified as Troubled Debt Restructurings |
The following tables present loans by class modified as troubled debt restructurings that occurred during the years ending December 31, 2015, 2014 and 2013:
|
December 31, 2015 |
|
|
|
|
|
Pre-
Modification |
|
|
Post-
Modification |
|
|
|
|
Number of |
|
|
Outstanding
Recorded |
|
|
Outstanding
Recorded |
|
|
Troubled Debt Restructurings: |
|
Loans |
|
|
Investment |
|
|
Investment |
|
|
Originated loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
|
|
2 |
|
|
$ |
801 |
|
|
$ |
801 |
|
|
Commercial |
|
|
1 |
|
|
|
8 |
|
|
|
8 |
|
|
Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 family residential |
|
|
13 |
|
|
|
760 |
|
|
|
760 |
|
|
Home equity lines of credit |
|
|
2 |
|
|
|
60 |
|
|
|
60 |
|
|
Indirect |
|
|
12 |
|
|
|
104 |
|
|
|
104 |
|
|
Consumer |
|
|
1 |
|
|
|
8 |
|
|
|
8 |
|
|
Total originated loans |
|
|
31 |
|
|
$ |
1,741 |
|
|
$ |
1,741 |
|
|
Acquired loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial |
|
|
2 |
|
|
$ |
957 |
|
|
$ |
957 |
|
|
Total loans |
|
|
33 |
|
|
$ |
2,698 |
|
|
$ |
2,698 |
|
|
| Risk Category of Loans by Class of Loans |
Based on the most recent analysis performed, the risk category of loans by class of loans is as follows:
|
December 31, 2015 |
|
Pass |
|
|
Special
Mention |
|
|
Sub
standard |
|
|
Doubtful |
|
|
Not Rated |
|
|
Total |
|
|
Originated loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
|
$ |
107,222 |
|
|
$ |
1,069 |
|
|
$ |
4,588 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
112,879 |
|
|
Non-owner occupied |
|
|
135,847 |
|
|
|
461 |
|
|
|
2,861 |
|
|
|
0 |
|
|
|
0 |
|
|
|
139,169 |
|
|
Other |
|
|
50,376 |
|
|
|
0 |
|
|
|
295 |
|
|
|
0 |
|
|
|
0 |
|
|
|
50,671 |
|
|
Commercial |
|
|
154,215 |
|
|
|
939 |
|
|
|
1,973 |
|
|
|
0 |
|
|
|
0 |
|
|
|
157,127 |
|
|
Total originated loans |
|
$ |
447,660 |
|
|
$ |
2,469 |
|
|
$ |
9,717 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
459,846 |
|
|
Acquired loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
|
$ |
130,028 |
|
|
$ |
0 |
|
|
$ |
1,645 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
131,673 |
|
|
Non-owner occupied |
|
|
26,141 |
|
|
|
1,340 |
|
|
|
564 |
|
|
|
0 |
|
|
|
0 |
|
|
|
28,045 |
|
|
Other |
|
|
22,843 |
|
|
|
476 |
|
|
|
217 |
|
|
|
0 |
|
|
|
0 |
|
|
|
23,536 |
|
|
Commercial |
|
|
69,674 |
|
|
|
635 |
|
|
|
3,312 |
|
|
|
0 |
|
|
|
0 |
|
|
|
73,621 |
|
|
Total acquired loans |
|
$ |
248,686 |
|
|
$ |
2,451 |
|
|
$ |
5,738 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
256,875 |
|
|
Total loans |
|
$ |
696,346 |
|
|
$ |
4,920 |
|
|
$ |
15,455 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
716,721 |
|
|
December 31, 2014 |
|
Pass |
|
|
Special
Mention |
|
|
Sub
standard |
|
|
Doubtful |
|
|
Not Rated |
|
|
Total |
|
|
Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
|
$ |
66,036 |
|
|
$ |
2,534 |
|
|
$ |
6,061 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
74,631 |
|
|
Non-owner occupied |
|
|
115,159 |
|
|
|
3,760 |
|
|
|
2,994 |
|
|
|
0 |
|
|
|
0 |
|
|
|
121,913 |
|
|
Other |
|
|
25,710 |
|
|
|
0 |
|
|
|
319 |
|
|
|
0 |
|
|
|
0 |
|
|
|
26,029 |
|
|
Commercial |
|
|
114,409 |
|
|
|
1,566 |
|
|
|
4,175 |
|
|
|
0 |
|
|
|
0 |
|
|
|
120,150 |
|
|
Total loans |
|
$ |
321,314 |
|
|
$ |
7,860 |
|
|
$ |
13,549 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
342,723 |
|
|
| Investment in Residential, Consumer and Indirect Auto Loans Based on Payment Activity |
The Company considers the performance of the loan portfolio and its impact on the allowance for loan losses. For residential, consumer and indirect loan classes, the Company also evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity.
The following table presents the recorded investment in residential, consumer and indirect auto loans based on payment activity. Nonperforming loans are loans past due 90 days and still accruing interest and nonaccrual loans.
|
|
|
Residential Real Estate |
|
|
Consumer |
|
|
December 31, 2015 |
|
1-4 Family Residential |
|
|
Home Equity Lines of Credit |
|
|
Indirect |
|
|
Direct |
|
|
Other |
|
|
Originated loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
$ |
176,472 |
|
|
$ |
40,984 |
|
|
$ |
130,864 |
|
|
$ |
17,440 |
|
|
$ |
4,484 |
|
|
Nonperforming |
|
|
2,742 |
|
|
|
239 |
|
|
|
563 |
|
|
|
33 |
|
|
|
24 |
|
|
Total originated loans |
|
$ |
179,214 |
|
|
$ |
41,223 |
|
|
$ |
131,427 |
|
|
$ |
17,473 |
|
|
$ |
4,508 |
|
|
Acquired loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
132,776 |
|
|
|
40,797 |
|
|
|
0 |
|
|
|
31,254 |
|
|
|
204 |
|
|
Nonperforming |
|
|
925 |
|
|
|
132 |
|
|
|
0 |
|
|
|
211 |
|
|
|
0 |
|
|
Total acquired loans |
|
$ |
133,701 |
|
|
$ |
40,929 |
|
|
$ |
0 |
|
|
$ |
31,465 |
|
|
$ |
204 |
|
|
Total loans |
|
$ |
312,915 |
|
|
$ |
82,152 |
|
|
$ |
131,427 |
|
|
$ |
48,938 |
|
|
$ |
4,712 |
|
|
|
|
Residential Real Estate |
|
|
Consumer |
|
|
December 31, 2014 |
|
1-4 Family Residential |
|
|
Home Equity Lines of Credit |
|
|
Indirect |
|
|
Direct |
|
|
Other |
|
|
Performing |
|
$ |
149,661 |
|
|
$ |
31,076 |
|
|
$ |
124,296 |
|
|
$ |
9,035 |
|
|
$ |
3,625 |
|
|
Nonperforming |
|
|
2,937 |
|
|
|
179 |
|
|
|
283 |
|
|
|
36 |
|
|
|
1 |
|
|
Total |
|
$ |
152,598 |
|
|
$ |
31,255 |
|
|
$ |
124,579 |
|
|
$ |
9,071 |
|
|
$ |
3,626 |
|
|