Loans And Related Allowances For Loan Losses (Tables)
9 Months Ended
Sep. 30, 2012
Loans and Related Allowances for Loan Losses [Abstract]  
Allowance For Loan Losses Summarized By Loan Portfolio Segments [Table Text Block]

The following table summarizes the primary segments of the loan portfolio as of September 30, 2012 and December 31, 2011:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition

Commercial

 

 

 

 

 

 

 

Commercial

and

and

Residential

 

 

 

 

(in thousands)

Real Estate

Development

Industrial

Mortgage

Consumer

Total

September 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

Total loans

$

307,447 

$

138,513 

$

64,616 

$

346,879 

$

32,535 

$

889,990 

  Individually evaluated for impairment

$

18,328 

$

31,438 

$

4,222 

$

5,243 

$

52 

$

59,283 

  Collectively evaluated for impairment

$

289,119 

$

107,075 

$

60,394 

$

341,636 

$

32,483 

$

830,707 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

Total loans

$

336,234 

$

142,871 

$

78,697 

$

347,220 

$

33,672 

$

938,694 

  Individually evaluated for impairment

$

16,942 

$

25,699 

$

13,048 

$

6,116 

$

21 

$

61,826 

  Collectively evaluated for impairment

$

319,292 

$

117,172 

$

65,649 

$

341,104 

$

33,651 

$

876,868 

 

The following table summarizes the primary segments of the ALL, segregated by the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of September 30, 2012 and December 31, 2011. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition

Commercial

 

 

 

 

 

 

 

Commercial

and

and

Residential

 

 

 

 

(in thousands)

Real Estate

Development

Industrial

Mortgage

Consumer

Total

September 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

Total ALL

$

6,021 

$

5,635 

$

577 

$

3,748 

$

368 

$

16,349 

  Individually evaluated for impairment

$

183 

$

1,584 

$

0 

$

0 

$

0 

$

1,767 

  Collectively evaluated for impairment

$

5,838 

$

4,051 

$

577 

$

3,748 

$

368 

$

14,582 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

Total ALL

$

6,218 

$

7,190 

$

2,190 

$

3,430 

$

452 

$

19,480 

  Individually evaluated for impairment

$

92 

$

2,718 

$

1,139 

$

2 

$

0 

$

3,951 

  Collectively evaluated for impairment

$

6,126 

$

4,472 

$

1,051 

$

3,428 

$

452 

$

15,529 

 

Activity in the ALL is presented for the nine- and three-months ended September 30, 2012 and September 30, 2011:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition

Commercial

 

 

 

 

 

 

 

Commercial

and

and

Residential

 

 

 

 

(in thousands)

Real Estate

Development

Industrial

Mortgage

Consumer

Total

ALL balance at January 1, 2012

$

6,218 

$

7,190 

$

2,190 

$

3,430 

$

452 

$

19,480 

Charge-offs

 

(2,280)

 

(768)

 

(9,217)

 

(1,029)

 

(522)

 

(13,816)

Recoveries

 

58 

 

413 

 

445 

 

161 

 

332 

 

1,409 

Provision

 

2,025 

 

(1,200)

 

7,159 

 

1,186 

 

106 

 

9,276 

ALL balance at September 30, 2012

$

6,021 

$

5,635 

$

577 

$

3,748 

$

368 

$

16,349 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALL balance at January 1, 2011

$

8,658 

$

6,345 

$

1,345 

$

4,211 

$

1,579 

$

22,138 

Charge-offs

 

(5,508)

 

(1,048)

 

(515)

 

(1,403)

 

(673)

 

(9,147)

Recoveries

 

91 

 

278 

 

15 

 

415 

 

406 

 

1,205 

Provision

 

3,993 

 

949 

 

1,352 

 

471 

 

(826)

 

5,939 

ALL balance at September 30, 2011

$

7,234 

$

6,524 

$

2,197 

$

3,694 

$

486 

$

20,135 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition

Commercial

 

 

 

 

 

 

 

Commercial

and

and

Residential

 

 

 

 

(in thousands)

Real Estate

Development

Industrial

Mortgage

Consumer

Total

ALL balance at July 1, 2012

$

5,856 

$

6,209 

$

860 

$

3,457 

$

388 

$

16,770 

Charge-offs

 

0 

 

(98)

 

(76)

 

(364)

 

(175)

 

(713)

Recoveries

 

0 

 

10 

 

113 

 

38 

 

91 

 

252 

Provision

 

165 

 

(486)

 

(320)

 

617 

 

64 

 

40 

ALL balance at September 30, 2012

$

6,021 

$

5,635 

$

577 

$

3,748 

$

368 

$

16,349 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALL balance at July 1, 2011

$

6,112 

$

8,440 

$

2,235 

$

3,714 

$

500 

$

21,001 

Charge-offs

 

(978)

 

(327)

 

(267)

 

(601)

 

(197)

 

(2,370)

Recoveries

 

13 

 

7 

 

5 

 

24 

 

121 

 

170 

Provision

 

2,087 

 

(1,596)

 

224 

 

557 

 

62 

 

1,334 

ALL balance at September 30, 2011

$

7,234 

$

6,524 

$

2,197 

$

3,694 

$

486 

$

20,135 

 

Classes Of The Loan Portfolio Summarized By The Aggregate Risk Rating [Table Text Block]

The following table presents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system as of September 30, 2012 and December 31, 2011:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Special

 

 

 

 

 

 

(in thousands)

Pass

Mention

Substandard

Doubtful

Total

September 30, 2012

 

 

 

 

 

 

 

 

 

 

 Commercial real estate

 

 

 

 

 

 

 

 

 

 

    Non owner-occupied

$

127,523 

$

7,336 

$

19,227 

$

0 

$

154,086 

    All other CRE

 

109,460 

 

8,616 

 

35,285 

 

0 

 

153,361 

 Acquisition and development

 

 

 

 

 

 

 

 

 

 

    1-4 family residential construction

 

9,251 

 

2,644 

 

4,514 

 

0 

 

16,409 

    All other A&D

 

79,368 

 

1,079 

 

41,657 

 

0 

 

122,104 

 Commercial and industrial

 

56,180 

 

2,070 

 

6,366 

 

0 

 

64,616 

 Residential mortgage

 

 

 

 

 

 

 

 

 

 

    Residential mortgage - term

 

254,597 

 

2,348 

 

11,547 

 

0 

 

268,492 

    Residential mortgage – home equity

 

76,230 

 

791 

 

1,366 

 

0 

 

78,387 

 Consumer

 

32,213 

 

28 

 

294 

 

0 

 

32,535 

       Total

$

744,822 

$

24,912 

$

120,256 

$

0 

$

889,990 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

 

 

 

 

 

 

 

 

 

 Commercial real estate

 

 

 

 

 

 

 

 

 

 

    Non owner-occupied

$

119,574 

$

4,222 

$

32,212 

$

0 

$

156,008 

    All other CRE

 

123,713 

 

18,307 

 

38,206 

 

0 

 

180,226 

 Acquisition and development

 

 

 

 

 

 

 

 

 

 

    1-4 family residential construction

 

11,512 

 

0 

 

5,572 

 

0 

 

17,084 

    All other A&D

 

81,268 

 

935 

 

43,584 

 

0 

 

125,787 

 Commercial and industrial

 

62,152 

 

697 

 

15,848 

 

0 

 

78,697 

 Residential mortgage

 

 

 

 

 

 

 

 

 

 

    Residential mortgage - term

 

250,701 

 

1,817 

 

15,408 

 

0 

 

267,926 

    Residential mortgage – home equity

 

75,517 

 

34 

 

3,743 

 

0 

 

79,294 

 Consumer

 

33,147 

 

34 

 

491 

 

0 

 

33,672 

       Total

$

757,584 

$

26,046 

$

155,064 

$

0 

$

938,694 

 

Loan Portfolio Summarized By The Past Due Status [Table Text Block]

The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and non-accrual loans as of September 30, 2012 and December 31, 2011:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Past

 

 

 

 

 

 

 

30-59 Days

60-89 Days

90 Days+

Due and still

 

 

 

 

(in thousands)

Current

Past Due

Past Due

Past Due

accruing

Non-Accrual

Total Loans

September 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Non owner-occupied

$

147,616 

$

453 

$

734 

$

0 

$

1,187 

$

5,283 

$

154,086 

    All other CRE

 

145,325 

 

60 

 

0 

 

5,185 

 

5,245 

 

2,791 

 

153,361 

 Acquisition and development

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    1-4 family residential construction

 

16,398 

 

0 

 

11 

 

0 

 

11 

 

0 

 

16,409 

    All other A&D

 

103,956 

 

0 

 

266 

 

0 

 

266 

 

17,882 

 

122,104 

 Commercial and industrial

 

63,989 

 

66 

 

218 

 

0 

 

284 

 

343 

 

64,616 

 Residential mortgage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Residential mortgage - term

 

260,247 

 

1,011 

 

4,002 

 

608 

 

5,621 

 

2,624 

 

268,492 

    Residential mortgage – home equity

 

77,138 

 

854 

 

204 

 

85 

 

1,143 

 

106 

 

78,387 

 Consumer

 

31,230 

 

883 

 

327 

 

43 

 

1,253 

 

52 

 

32,535 

       Total

$

845,899 

$

3,327 

$

5,762 

$

5,921 

$

15,010 

$

29,081 

$

889,990 

December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Non owner-occupied

$

146,150 

$

359 

$

209 

$

0 

$

568 

$

9,290 

$

156,008 

    All other CRE

 

173,342 

 

558 

 

5,547 

 

0 

 

6,105 

 

779 

 

180,226 

 Acquisition and development

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    1-4 family residential construction

 

17,009 

 

0 

 

75 

 

0 

 

75 

 

0 

 

17,084 

    All other A&D

 

109,351 

 

840 

 

530 

 

128 

 

1,498 

 

14,938 

 

125,787 

 Commercial and industrial

 

69,119 

 

182 

 

32 

 

0 

 

214 

 

9,364 

 

78,697 

 Residential mortgage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Residential mortgage - term

 

249,719 

 

10,106 

 

3,753 

 

1,386 

 

15,245 

 

2,962 

 

267,926 

    Residential mortgage – home equity

 

77,486 

 

476 

 

375 

 

123 

 

974 

 

834 

 

79,294 

 Consumer

 

31,478 

 

1,560 

 

471 

 

142 

 

2,173 

 

21 

 

33,672 

       Total

$

873,654 

$

14,081 

$

10,992 

$

1,779 

$

26,852 

$

38,188 

$

938,694 

 

Impaired Loans And Related Interest Income By Loan Portfolio Class [Table Text Block]

The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of September 30, 2012 and December 31, 2011:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired

 

 

 

 

 

 

 

 

Loans with No

 

 

 

 

Impaired Loans with

 

Specific

 

 

 

 

 

 

Specific Allowance

 

Allowance

 

Total Impaired Loans

 

 

 

 

 

 

 

 

 

 

Unpaid

 

 

Recorded

 

Related

 

Recorded

 

Recorded

 

Principal

(in thousands)

 

Investment

 

Allowances

 

Investment

 

Investment

 

Balance

September 30, 2012

 

 

 

 

 

 

 

 

 

 

 Commercial real estate

 

 

 

 

 

 

 

 

 

 

    Non owner-occupied

$

0 

$

0 

$

6,367 

$

6,367 

$

9,870 

    All other CRE

 

2,311 

 

183 

 

9,650 

 

11,961 

 

12,170 

 Acquisition and development

 

 

 

 

 

 

 

 

 

 

    1-4 family residential construction

 

2,125 

 

545 

 

0 

 

2,125 

 

2,125 

    All other A&D

 

5,436 

 

1,039 

 

23,877 

 

29,313 

 

33,539 

 Commercial and industrial

 

0 

 

0 

 

4,222 

 

4,222 

 

4,222 

 Residential mortgage

 

 

 

 

 

 

 

 

 

 

    Residential mortgage - term

 

0 

 

0 

 

4,692 

 

4,692 

 

5,045 

    Residential mortgage – home equity

 

0 

 

0 

 

551 

 

551 

 

551 

 Consumer

 

0 

 

0 

 

52 

 

52 

 

63 

       Total impaired loans

$

9,872 

$

1,767 

$

49,411 

$

59,283 

$

67,585 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

 

 

 

 

 

 

 

 

 

 Commercial real estate

 

 

 

 

 

 

 

 

 

 

    Non owner-occupied

$

448 

$

92 

$

9,129 

$

9,577 

$

14,765 

    All other CRE

 

0 

 

0 

 

7,365 

 

7,365 

 

7,390 

 Acquisition and development

 

 

 

 

 

 

 

 

 

 

    1-4 family residential construction

 

2,489 

 

859 

 

0 

 

2,489 

 

2,577 

    All other A&D

 

7,850 

 

1,859 

 

15,360 

 

23,210 

 

27,712 

 Commercial and industrial

 

9,043 

 

1,139 

 

4,005 

 

13,048 

 

13,137 

 Residential mortgage

 

 

 

 

 

 

 

 

 

 

    Residential mortgage - term

 

218 

 

2 

 

4,816 

 

5,034 

 

5,488 

    Residential mortgage – home equity

 

0 

 

0 

 

1,082 

 

1,082 

 

1,177 

 Consumer

 

0 

 

0 

 

21 

 

21 

 

33 

       Total impaired loans

$

20,048 

$

3,951 

$

41,778 

$

61,826 

$

72,279 

 

Average Of Impaired Loans And Related Interest Income By Loan Portfolio Class [Table Text Block]

 

The following tables present the average recorded investment in impaired loans by class and related interest income recognized for the periods indicated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended

Nine months ended

 

September 30, 2012

September 30, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

Interest

 

 

Interest

Interest

 

 

 

income

income

 

 

income

income

 

 

 

recognized

recognized

 

 

recognized

recognized

 

Average

on an

on a cash

Average

on an

on a cash

(in thousands)

investment

accrual basis

basis

investment

accrual basis

basis

 Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

    Non owner-occupied

$

7,720 

$

22 

$

0 

$

13,409 

$

41 

$

91 

    All other CRE

 

9,073 

 

220 

 

0 

 

6,636 

 

204 

 

50 

 Acquisition and development

 

 

 

 

 

 

 

 

 

 

 

 

    1-4 family residential construction

 

2,295 

 

67 

 

0 

 

2,921 

 

69 

 

0 

    All other A&D

 

24,510 

 

327 

 

0 

 

26,520 

 

444 

 

81 

 Commercial and industrial

 

6,322 

 

111 

 

0 

 

11,688 

 

117 

 

0 

 Residential mortgage

 

 

 

 

 

 

 

 

 

 

 

 

    Residential mortgage - term

 

5,007 

 

93 

 

38 

 

6,761 

 

117 

 

14 

    Residential mortgage – home equity

 

898 

 

11 

 

7 

 

635 

 

10 

 

4 

 Consumer

 

48 

 

0 

 

0 

 

61 

 

0 

 

0 

       Total

$

55,873 

$

851 

$

45 

$

68,631 

$

1,002 

$

240 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

Three months ended

 

September 30, 2012

September 30, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

Interest

 

 

Interest

Interest

 

 

 

income

income

 

 

income

income

 

 

 

recognized

recognized

 

 

recognized

recognized

 

Average

on an

on a cash

Average

on an

on a cash

(in thousands)

investment

accrual basis

basis

investment

accrual basis

basis

 Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

    Non owner-occupied

$

6,540 

$

10 

$

0 

$

11,650 

$

6 

$

30 

    All other CRE

 

10,010 

 

86 

 

0 

 

8,202 

 

74 

 

0 

 Acquisition and development

 

 

 

 

 

 

 

 

 

 

 

 

    1-4 family residential construction

 

2,127 

 

21 

 

0 

 

2,592 

 

16 

 

0 

    All other A&D

 

25,897 

 

120 

 

0 

 

25,158 

 

154 

 

0 

 Commercial and industrial

 

4,130 

 

39 

 

0 

 

13,925 

 

40 

 

0 

 Residential mortgage

 

 

 

 

 

 

 

 

 

 

 

 

    Residential mortgage - term

 

5,020 

 

26 

 

2 

 

5,251 

 

33 

 

8 

    Residential mortgage – home equity

 

739 

 

4 

 

4 

 

618 

 

3 

 

1 

 Consumer

 

47 

 

0 

 

0 

 

23 

 

0 

 

0 

       Total

$

54,510 

$

306 

$

6 

$

67,419 

$

326 

$

39 

 

Modification of Troubled Debt Restructuring By Class [Table Text Block]

The following table presents the volume and recorded investment at the time of modification of TDRs by class and type of modification that occurred during the periods indicated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Temporary Rate

 

 

 

Modification of Payment

 

Modification

Extension of Maturity

and Other Terms

 

Number of

Recorded

Number of

Recorded

Number of

Recorded

(in thousands)

Contracts

Investment

Contracts

Investment

Contracts

Investment

Nine months ended September 30, 2012

 

 

 

 

 

 

 

 

 

 Commercial real estate

 

 

 

 

 

 

 

 

 

    Non owner-occupied

0 

$

0 
0 

$

0 
0 

$

0 

    All other CRE

1 

 

3,110 
0 

 

0 
4 

 

2,634 

 Acquisition and development

 

 

 

 

 

 

 

 

 

    1-4 family residential construction

0 

 

0 
0 

 

0 
1 

 

2,125 

    All other A&D

0 

 

0 
0 

 

0 
1 

 

1,889 

 Commercial and industrial

0 

 

0 
0 

 

0 
1 

 

247 

 Residential mortgage

 

 

 

 

 

 

 

 

 

    Residential mortgage – term

1 

 

513 
1 

 

477 
1 

 

284 

    Residential mortgage – home equity

0 

 

0 
0 

 

0 
0 

 

0 

 Consumer

0 

 

0 
0 

 

0 
0 

 

0 

       Total

2 

$

3,623 
1 

$

477 
8 

$

7,179 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Temporary Rate

 

Modification of Payment

 

Modification

Extension of Maturity

and Other Terms

 

Number of

Recorded

Number of

Recorded

Number of

Recorded

(in thousands)

Contracts

Investment

Contracts

Investment

Contracts

Investment

Three months ended September 30, 2012

 

 

 

 

 

 

 

 

 

 Commercial real estate

 

 

 

 

 

 

 

 

 

    Non owner-occupied

0 

$

0 
0 

$

0 
0 

$

0 

    All other CRE

0 

 

0 
0 

 

0 
4 

 

2,634 

 Acquisition and development

 

 

 

 

 

 

 

 

 

    1-4 family residential construction

0 

 

0 
0 

 

0 
1 

 

2,125 

    All other A&D

0 

 

0 
0 

 

0 
1 

 

1,889 

 Commercial and industrial

0 

 

0 
0 

 

0 
1 

 

247 

 Residential mortgage

 

 

 

 

 

 

 

 

 

    Residential mortgage – term

0 

 

0 
0 

 

0 
0 

 

0 

    Residential mortgage – home equity

0 

 

0 
0 

 

0 
0 

 

0 

 Consumer

0 

 

0 
0 

 

0 
0 

 

0 

       Total

0 

$

0 
0 

$

0 
7 

$

6,895