Allowance for Loan and Lease Losses (Tables)
|
9 Months Ended |
Sep. 30, 2016 |
|---|
| Receivables [Abstract] |
|
| Schedule of originated and acquired loan and lease losses by portfolio segment |
The
following tables detail activity in the allowance for loan and lease losses segregated by originated and acquired loan
and lease portfolios and by portfolio segment for the three and nine months ended September 30, 2016 and 2015. Allocation of
a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other
categories.
| Three
months ended September 30, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (in
thousands) |
|
Commercial
and
Industrial |
|
|
Commercial
Real
Estate |
|
|
Residential
Real
Estate |
|
|
Consumer
and
Other |
|
|
Finance
Leases |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allowance
for originated loans and leases |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning
balance |
|
$ |
8,937 |
|
|
$ |
18,229 |
|
|
$ |
4,486 |
|
|
$ |
1,316 |
|
|
$ |
0 |
|
|
$ |
32,968 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Charge-offs |
|
|
(133 |
) |
|
|
0 |
|
|
|
(19 |
) |
|
|
(94 |
) |
|
|
0 |
|
|
|
(246 |
) |
| Recoveries |
|
|
110 |
|
|
|
216 |
|
|
|
17 |
|
|
|
23 |
|
|
|
0 |
|
|
|
366 |
|
| Provision
(credit) |
|
|
340 |
|
|
|
331 |
|
|
|
223 |
|
|
|
(26 |
) |
|
|
0 |
|
|
|
868 |
|
| Ending
Balance |
|
$ |
9,254 |
|
|
$ |
18,776 |
|
|
$ |
4,707 |
|
|
$ |
1,219 |
|
|
$ |
0 |
|
|
$ |
33,956 |
|
| Three
months ended September 30, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (in
thousands) |
|
Commercial
and
Industrial |
|
|
Commercial
Real
Estate |
|
|
Residential
Real
Estate |
|
|
Consumer
and
Other |
|
|
Finance
Leases |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allowance
for acquired loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning
balance |
|
$ |
47 |
|
|
$ |
65 |
|
|
$ |
23 |
|
|
$ |
22 |
|
|
$ |
0 |
|
|
$ |
157 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Charge-offs |
|
|
(12 |
) |
|
|
0 |
|
|
|
(19 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(31 |
) |
| Recoveries |
|
|
20 |
|
|
|
96 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
116 |
|
| Provision
(credit) |
|
|
(55 |
) |
|
|
(84 |
) |
|
|
53 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(86 |
) |
| Ending
Balance |
|
$ |
0 |
|
|
$ |
77 |
|
|
$ |
57 |
|
|
$ |
22 |
|
|
$ |
0 |
|
|
$ |
156 |
|
| Three
months ended September 30, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (in
thousands) |
|
Commercial
and
Industrial |
|
|
Commercial
Real
Estate |
|
|
Residential
Real
Estate |
|
|
Consumer
and
Other |
|
|
Finance
Leases |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allowance
for originated loans and leases |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning
balance |
|
$ |
8,224 |
|
|
$ |
13,487 |
|
|
$ |
5,583 |
|
|
$ |
2,134 |
|
|
$ |
0 |
|
|
$ |
29,428 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Charge-offs |
|
|
(125 |
) |
|
|
0 |
|
|
|
(96 |
) |
|
|
(241 |
) |
|
|
0 |
|
|
|
(462 |
) |
| Recoveries |
|
|
557 |
|
|
|
587 |
|
|
|
58 |
|
|
|
109 |
|
|
|
0 |
|
|
|
1,311 |
|
| Provision
(credit) |
|
|
(184 |
) |
|
|
141 |
|
|
|
(98 |
) |
|
|
314 |
|
|
|
0 |
|
|
|
173 |
|
| Ending
Balance |
|
$ |
8,472 |
|
|
$ |
14,215 |
|
|
$ |
5,447 |
|
|
$ |
2,316 |
|
|
$ |
0 |
|
|
$ |
30,450 |
|
| Three
months ended September 30, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (in
thousands) |
|
Commercial
and
Industrial |
|
|
Commercial
Real
Estate |
|
|
Residential
Real
Estate |
|
|
Consumer
and
Other |
|
|
Covered
Loans |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allowance
for acquired loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning
balance |
|
$ |
384 |
|
|
$ |
167 |
|
|
$ |
100 |
|
|
$ |
12 |
|
|
$ |
0 |
|
|
$ |
663 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Charge-offs |
|
|
0 |
|
|
|
(60 |
) |
|
|
(208 |
) |
|
|
(5 |
) |
|
|
0 |
|
|
|
(273 |
) |
| Recoveries |
|
|
0 |
|
|
|
17 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
17 |
|
| Provision
(credit) |
|
|
(18 |
) |
|
|
(61 |
) |
|
|
194 |
|
|
|
(7 |
) |
|
|
0 |
|
|
|
108 |
|
| Ending
Balance |
|
$ |
366 |
|
|
$ |
63 |
|
|
$ |
86 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
515 |
|
| Nine
months ended September 30, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (in
thousands) |
|
Commercial
and
Industrial |
|
|
Commercial
Real
Estate |
|
|
Residential
Real
Estate |
|
|
Consumer
and
Other |
|
|
Finance
Leases |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allowance
for originated loans and leases |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning
balance |
|
$ |
10,495 |
|
|
$ |
15,479 |
|
|
$ |
4,070 |
|
|
$ |
1,268 |
|
|
$ |
0 |
|
|
$ |
31,312 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Charge-offs |
|
|
(584 |
) |
|
|
(12 |
) |
|
|
(220 |
) |
|
|
(455 |
) |
|
|
0 |
|
|
|
(1,271 |
) |
| Recoveries |
|
|
217 |
|
|
|
636 |
|
|
|
49 |
|
|
|
295 |
|
|
|
0 |
|
|
|
1,197 |
|
| Provision
(credit) |
|
|
(874 |
) |
|
|
2,673 |
|
|
|
808 |
|
|
|
111 |
|
|
|
0 |
|
|
|
2,718 |
|
| Ending
Balance |
|
$ |
9,254 |
|
|
$ |
18,776 |
|
|
$ |
4,707 |
|
|
$ |
1,219 |
|
|
$ |
0 |
|
|
$ |
33,956 |
|
| Nine
months ended September 30, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (in
thousands) |
|
Commercial
and
Industrial |
|
|
Commercial
Real
Estate |
|
|
Residential
Real
Estate |
|
|
Consumer
and
Other |
|
|
Covered
Loans |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allowance
for acquired loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning
balance |
|
$ |
433 |
|
|
$ |
61 |
|
|
$ |
198 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
692 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Charge-offs |
|
|
(399 |
) |
|
|
(182 |
) |
|
|
(35 |
) |
|
|
(93 |
) |
|
|
0 |
|
|
|
(709 |
) |
| Recoveries |
|
|
20 |
|
|
|
256 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
276 |
|
| Provision
(credit) |
|
|
(54 |
) |
|
|
(58 |
) |
|
|
(106 |
) |
|
|
115 |
|
|
|
0 |
|
|
|
(103 |
) |
| Ending
Balance |
|
$ |
0 |
|
|
$ |
77 |
|
|
$ |
57 |
|
|
$ |
22 |
|
|
$ |
0 |
|
|
$ |
156 |
|
| Nine
months ended September 30, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (in
thousands) |
|
Commercial
and
Industrial |
|
|
Commercial
Real
Estate |
|
|
Residential
Real
Estate |
|
|
Consumer
and
Other |
|
|
Finance
Leases |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allowance
for originated loans and leases |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning balance |
|
$ |
9,157 |
|
|
$ |
12,069 |
|
|
$ |
5,030 |
|
|
$ |
1,900 |
|
|
$ |
0 |
|
|
$ |
28,156 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Charge-offs |
|
|
(169 |
) |
|
|
(14 |
) |
|
|
(408 |
) |
|
|
(751 |
) |
|
|
0 |
|
|
|
(1,342 |
) |
| Recoveries |
|
|
792 |
|
|
|
1,064 |
|
|
|
107 |
|
|
|
391 |
|
|
|
0 |
|
|
|
2,354 |
|
| Provision
(credit) |
|
|
(1,308 |
) |
|
|
1,096 |
|
|
|
718 |
|
|
|
776 |
|
|
|
0 |
|
|
|
1,282 |
|
| Ending
Balance |
|
$ |
8,472 |
|
|
$ |
14,215 |
|
|
$ |
5,447 |
|
|
$ |
2,316 |
|
|
$ |
0 |
|
|
$ |
30,450 |
|
| Nine
months ended September 30, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (in
thousands) |
|
Commercial
and
Industrial |
|
|
Commercial
Real
Estate |
|
|
Residential
Real
Estate |
|
|
Consumer
and
Other |
|
|
Covered
Loans |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allowance
for acquired loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning balance |
|
$ |
431 |
|
|
$ |
337 |
|
|
$ |
51 |
|
|
$ |
22 |
|
|
$ |
0 |
|
|
$ |
841 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Charge-offs |
|
|
(53 |
) |
|
|
(216 |
) |
|
|
(320 |
) |
|
|
(5 |
) |
|
|
0 |
|
|
|
(594 |
) |
| Recoveries |
|
|
7 |
|
|
|
129 |
|
|
|
2 |
|
|
|
0 |
|
|
|
0 |
|
|
|
138 |
|
| Provision
(credit) |
|
|
(19 |
) |
|
|
(187 |
) |
|
|
353 |
|
|
|
(17 |
) |
|
|
0 |
|
|
|
130 |
|
| Ending
Balance |
|
$ |
366 |
|
|
$ |
63 |
|
|
$ |
86 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
515 |
|
|
| Schedule of the allowance for loan and lease losses based on impairment methodology |
| At September 30, 2016 and December 31, 2015,
the allocation of the allowance for loan and lease losses summarized on the basis of the Company’s impairment methodology
was as follows: |
| (in
thousands) |
|
Commercial
and
Industrial |
|
|
Commercial
Real
Estate |
|
|
Residential
Real
Estate |
|
|
Consumer
and
Other |
|
|
Finance
Leases |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allowance
for originated loans and leases |
|
|
|
|
|
|
|
|
|
| September 30, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Individually
evaluated for impairment |
|
$ |
62 |
|
|
$ |
259 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
321 |
|
| Collectively
evaluated for impairment |
|
|
9,192 |
|
|
|
18,517 |
|
|
|
4,707 |
|
|
|
1,219 |
|
|
|
0 |
|
|
|
33,635 |
|
| Ending
balance |
|
$ |
9,254 |
|
|
$ |
18,776 |
|
|
$ |
4,707 |
|
|
$ |
1,219 |
|
|
$ |
0 |
|
|
$ |
33,956 |
|
| (in
thousands) |
|
|
Commercial
and
Industrial |
|
|
|
Commercial
Real Estate |
|
|
|
Residential
Real Estate |
|
|
|
Consumer
and Other |
|
|
|
Covered
Loans |
|
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allowance
for acquired loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| September 30, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Individually
evaluated for impairment |
|
$ |
0 |
|
|
$ |
77 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
77 |
|
| Collectively
evaluated for impairment |
|
|
0 |
|
|
|
0 |
|
|
|
57 |
|
|
|
22 |
|
|
|
0 |
|
|
|
79 |
|
| Ending
balance |
|
$ |
0 |
|
|
$ |
77 |
|
|
$ |
57 |
|
|
$ |
22 |
|
|
$ |
0 |
|
|
$ |
156 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (in
thousands) |
|
|
Commercial
and Industrial |
|
|
|
Commercial
Real Estate |
|
|
|
Residential
Real Estate |
|
|
|
Consumer
and Other |
|
|
|
Finance
Leases |
|
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allowance
for originated loans and leases |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Individually
evaluated for impairment |
|
$ |
0 |
|
|
$ |
288 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
288 |
|
| Collectively
evaluated for impairment |
|
|
10,495 |
|
|
|
15,191 |
|
|
|
4,070 |
|
|
|
1,268 |
|
|
|
0 |
|
|
|
31,024 |
|
| Ending
balance |
|
$ |
10,495 |
|
|
$ |
15,479 |
|
|
$ |
4,070 |
|
|
$ |
1,268 |
|
|
$ |
0 |
|
|
$ |
31,312 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (in
thousands) |
|
|
Commercial
and Industrial |
|
|
|
Commercial
Real Estate |
|
|
|
Residential
Real Estate |
|
|
|
Consumer
and Other |
|
|
|
Covered
Loans |
|
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allowance
for acquired loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Individually
evaluated for impairment |
|
$ |
433 |
|
|
$ |
0 |
|
|
$ |
128 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
561 |
|
| Collectively
evaluated for impairment |
|
|
0 |
|
|
|
61 |
|
|
|
70 |
|
|
|
0 |
|
|
|
0 |
|
|
|
131 |
|
| Ending
balance |
|
$ |
433 |
|
|
$ |
61 |
|
|
$ |
198 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
692 |
|
|
| Schedule of recorded investment in loans and leases impairment methodology |
The
recorded investment in loans and leases summarized on the basis of the Company’s impairment methodology as of September
30, 2016 and December 31, 2015 was as follows:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (in
thousands) |
|
|
Commercial
and Industrial |
|
|
|
Commercial
Real Estate |
|
|
|
Residential
Real Estate |
|
|
|
Consumer
and Other |
|
|
|
Finance
Leases |
|
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Originated
loans and leases |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| September 30, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Individually
evaluated for impairment |
|
$ |
241 |
|
|
$ |
8,084 |
|
|
$ |
3,416 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
11,741 |
|
| Collectively
evaluated for impairment |
|
|
924,127 |
|
|
|
1,544,030 |
|
|
|
1,122,668 |
|
|
|
57,508 |
|
|
|
15,858 |
|
|
|
3,664,191 |
|
| Total |
|
$ |
924,368 |
|
|
$ |
1,552,114 |
|
|
$ |
1,126,084 |
|
|
$ |
57,508 |
|
|
$ |
15,858 |
|
|
$ |
3,675,932 |
|
| (in
thousands) |
|
Commercial
and Industrial |
|
Commercial
Real Estate |
|
Residential
Real Estate |
|
Consumer
and
Other |
|
Covered
Loans |
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Acquired loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| September 30, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Individually evaluated for impairment |
|
$ |
9 |
|
$ |
4,006 |
|
$ |
1,372 |
|
$ |
0 |
|
$ |
0 |
|
$ |
5,387 |
|
| Loans acquired with deteriorated credit quality |
|
|
327 |
|
|
15,421 |
|
|
8,610 |
|
|
0 |
|
|
0 |
|
|
24,358 |
|
| Collectively evaluated for impairment |
|
|
84,335 |
|
|
242,357 |
|
|
59,704 |
|
|
867 |
|
|
0 |
|
|
387,263 |
|
| Total |
|
$ |
84,671 |
|
$ |
261,784 |
|
$ |
69,686 |
|
$ |
867 |
|
$ |
0 |
|
$ |
417,008 |
|
| (in
thousands) |
|
Commercial
and Industrial |
|
Commercial
Real Estate |
|
Residential
Real Estate |
|
Consumer
and
Other |
|
Finance
Leases |
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Originated loans and leases |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Individually evaluated for impairment |
|
$ |
1,206 |
|
$ |
5,655 |
|
$ |
2,270 |
|
$ |
0 |
|
$ |
0 |
|
$ |
9,131 |
|
| Collectively evaluated for impairment |
|
|
855,117 |
|
|
1,351,567 |
|
|
1,024,149 |
|
|
58,733 |
|
|
14,861 |
|
|
3,304,427 |
|
| Total |
|
$ |
856,323 |
|
$ |
1,357,222 |
|
$ |
1,026,419 |
|
$ |
58,733 |
|
$ |
14,861 |
|
$ |
3,313,558 |
|
| (in
thousands) |
|
Commercial
and Industrial |
|
Commercial
Real Estate |
|
Residential
Real Estate |
|
Consumer
and
Other |
|
Covered
Loans |
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Acquired loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Individually evaluated for impairment |
|
$ |
647 |
|
$ |
5,226 |
|
$ |
1,177 |
|
$ |
0 |
|
$ |
0 |
|
$ |
7,050 |
|
| Loans acquired with deteriorated credit quality |
|
|
567 |
|
|
9,335 |
|
|
3,801 |
|
|
0 |
|
|
12,804 |
|
|
26,507 |
|
| Collectively evaluated for impairment |
|
|
83,596 |
|
|
277,378 |
|
|
64,605 |
|
|
911 |
|
|
1,227 |
|
|
427,717 |
|
| Total |
|
$ |
84,810 |
|
$ |
291,939 |
|
$ |
69,583 |
|
$ |
911 |
|
$ |
14,031 |
|
$ |
461,274 |
|
|
| Schedule of recorded investments in impaired loans |
Impaired loans are as follows:
| |
|
09/30/2016 |
12/31/2015 |
|
| (in
thousands) |
|
Recorded
Investment |
|
Unpaid
Principal Balance |
|
Related
Allowance |
|
Recorded
Investment |
|
Unpaid
Principal Balance |
|
Related
Allowance |
|
| Originated loans and leases
with no related allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and
industrial other |
|
$ |
165 |
|
$ |
170 |
|
$ |
0 |
|
$ |
1,206 |
|
$ |
1,211 |
|
$ |
0 |
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial real
estate other |
|
|
7,436 |
|
|
7,929 |
|
|
0 |
|
|
5,049 |
|
|
5,249 |
|
|
0 |
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Home
equity |
|
|
3,416 |
|
|
3,445 |
|
|
0 |
|
|
2,270 |
|
|
2,270 |
|
|
0 |
|
| Subtotal |
|
$ |
11,017 |
|
$ |
11,544 |
|
$ |
0 |
|
$ |
8,525 |
|
$ |
8,730 |
|
$ |
0 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Originated loans and leases with related
allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and
industrial other |
|
|
76 |
|
|
76 |
|
|
62 |
|
|
0 |
|
|
0 |
|
|
0 |
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial
real estate other |
|
|
648 |
|
|
648 |
|
|
259 |
|
|
606 |
|
|
606 |
|
|
288 |
|
| Subtotal |
|
$ |
724 |
|
$ |
724 |
|
$ |
321 |
|
$ |
606 |
|
$ |
606 |
|
$ |
288 |
|
| Total |
|
$ |
11,741 |
|
$ |
12,268 |
|
$ |
321 |
|
$ |
9,131 |
|
$ |
9,336 |
|
$ |
288 |
|
| |
|
09/30/2016 |
12/31/2015 |
|
| (in
thousands) |
|
Recorded
Investment |
|
Unpaid
Principal Balance |
|
Related
Allowance |
|
Recorded
Investment |
|
Unpaid
Principal Balance |
|
Related
Allowance |
|
| Acquired loans and leases
with no related allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and
industrial other |
|
$ |
9 |
|
$ |
9 |
|
$ |
0 |
|
$ |
128 |
|
$ |
128 |
|
$ |
0 |
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Construction |
|
|
79 |
|
|
79 |
|
|
0 |
|
|
359 |
|
|
359 |
|
|
0 |
|
| Commercial real estate
other |
|
|
3,849 |
|
|
4,233 |
|
|
0 |
|
|
4,739 |
|
|
5,077 |
|
|
0 |
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Home
equity |
|
|
1,372 |
|
|
1,372 |
|
|
0 |
|
|
1,177 |
|
|
1,177 |
|
|
0 |
|
| Subtotal |
|
$ |
5,309 |
|
$ |
5,693 |
|
$ |
0 |
|
$ |
6,403 |
|
$ |
6,741 |
|
$ |
0 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Acquired loans and leases with related allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and
industrial other |
|
|
0 |
|
|
0 |
|
|
0 |
|
|
519 |
|
|
519 |
|
|
433 |
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial
real estate other |
|
|
78 |
|
|
78 |
|
|
77 |
|
|
128 |
|
|
128 |
|
|
128 |
|
| Subtotal |
|
$ |
78 |
|
$ |
78 |
|
$ |
77 |
|
$ |
647 |
|
$ |
647 |
|
$ |
561 |
|
| Total |
|
$ |
5,387 |
|
$ |
5,771 |
|
$ |
77 |
|
$ |
7,050 |
|
$ |
7,388 |
|
$ |
561 |
|
The
average recorded investment and interest income recognized on impaired loans for the three months ended September 30, 2016 and
2015 was as follows:
| |
|
Three
Months Ended
09/30/2016 |
Three
Months Ended
09/30/2015 |
|
| (in
thousands) |
|
Average
Recorded Investment |
|
Interest
Income Recognized |
|
Average
Recorded Investment |
|
Interest
Income Recognized |
|
| Originated loans and leases
with no related allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and
industrial other |
|
|
146 |
|
|
0 |
|
|
755 |
|
|
0 |
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial real
estate other |
|
|
7,422 |
|
|
0 |
|
|
7,972 |
|
|
0 |
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Home
equity |
|
|
3,097 |
|
|
0 |
|
|
1,137 |
|
|
0 |
|
| Subtotal |
|
$ |
10,665 |
|
$ |
0 |
|
$ |
9,864 |
|
$ |
0 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Originated loans and leases with related
allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and
industrial other |
|
|
77 |
|
|
0 |
|
|
0 |
|
|
0 |
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial
real estate other |
|
|
636 |
|
|
0 |
|
|
1,110 |
|
|
0 |
|
| Subtotal |
|
$ |
713 |
|
$ |
0 |
|
$ |
1,110 |
|
$ |
0 |
|
| Total |
|
$ |
11,378 |
|
$ |
0 |
|
$ |
10,974 |
|
$ |
0 |
|
| |
|
Three
Months Ended
09/30/2016 |
Three
Months Ended
09/30/2015 |
|
| (in
thousands) |
|
Average
Recorded Investment |
|
Interest
Income Recognized |
|
Average
Recorded Investment |
|
Interest
Income Recognized |
|
| Acquired loans and leases
with no related allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and
industrial other |
|
|
6 |
|
|
0 |
|
|
558 |
|
|
0 |
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Construction |
|
|
126 |
|
|
0 |
|
|
366 |
|
|
0 |
|
| Commercial real
estate other |
|
|
4,201 |
|
|
0 |
|
|
4,582 |
|
|
0 |
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Home
equity |
|
|
1,319 |
|
|
0 |
|
|
1,065 |
|
|
0 |
|
| Subtotal |
|
$ |
5,652 |
|
$ |
0 |
|
$ |
6,571 |
|
$ |
0 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Acquired loans and leases with related allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and
industrial other |
|
|
0 |
|
|
0 |
|
|
805 |
|
|
0 |
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial
real estate other |
|
|
78 |
|
|
0 |
|
|
0 |
|
|
0 |
|
| Subtotal |
|
$ |
78 |
|
$ |
0 |
|
$ |
805 |
|
$ |
0 |
|
| Total |
|
$ |
5,730 |
|
$ |
0 |
|
$ |
7,376 |
|
$ |
0 |
|
The
average recorded investment and interest income recognized on impaired loans for the nine months ended September 30, 2016 and
2015 was as follows:
| |
|
Nine
Months Ended
09/30/2016 |
|
Nine
Months Ended
09/30/2015 |
|
| (in
thousands) |
|
Average
Recorded Investment |
|
Interest
Income Recognized |
|
Average
Recorded Investment |
|
Interest
Income Recognized |
|
| Originated loans and leases
with no related allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and
industrial other |
|
|
476 |
|
|
0 |
|
|
567 |
|
|
0 |
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial real
estate other |
|
|
6,351 |
|
|
0 |
|
|
8,123 |
|
|
0 |
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Home
equity |
|
|
2,694 |
|
|
0 |
|
|
1,104 |
|
|
0 |
|
| Subtotal |
|
$ |
9,521 |
|
$ |
0 |
|
$ |
9,794 |
|
$ |
0 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Originated loans and leases with related
allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and
industrial other |
|
|
48 |
|
|
0 |
|
|
0 |
|
|
0 |
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial
real estate other |
|
|
641 |
|
|
0 |
|
|
949 |
|
|
0 |
|
| Subtotal |
|
$ |
689 |
|
$ |
0 |
|
$ |
949 |
|
$ |
0 |
|
| Total |
|
$ |
10,210 |
|
$ |
0 |
|
$ |
10,743 |
|
$ |
0 |
|
| |
|
Nine
Months Ended
09/30/2016 |
|
Nine
Months Ended
09/30/2015 |
|
| (in
thousands) |
|
Average
Recorded Investment |
|
Interest
Income Recognized |
|
Average
Recorded Investment |
|
Interest
Income Recognized |
|
| Acquired loans and leases
with no related allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and
industrial other |
|
|
303 |
|
|
0 |
|
|
565 |
|
|
0 |
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Construction |
|
|
242 |
|
|
0 |
|
|
369 |
|
|
0 |
|
| Commercial real estate
other |
|
|
4,320 |
|
|
0 |
|
|
3,820 |
|
|
0 |
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Home
equity |
|
|
1,267 |
|
|
0 |
|
|
1,064 |
|
|
0 |
|
| Subtotal |
|
$ |
6,132 |
|
$ |
0 |
|
$ |
5,818 |
|
$ |
0 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Acquired loans and leases with related allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and
industrial other |
|
|
0 |
|
|
0 |
|
|
809 |
|
|
0 |
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial
real estate other |
|
|
54 |
|
|
0 |
|
|
0 |
|
|
0 |
|
| Subtotal |
|
$ |
54 |
|
$ |
0 |
|
$ |
809 |
|
$ |
0 |
|
| Total |
|
$ |
6,186 |
|
$ |
0 |
|
$ |
6,627 |
|
$ |
0 |
|
|
| Schedule of troubled debt restructurings |
The
following tables present information on loans modified in troubled debt restructuring during the periods indicated.
| September
30, 2016 |
|
Three
Months Ended |
|
| |
|
|
|
|
|
|
|
|
|
Defaulted
TDRs3 |
|
| (in
thousands) |
|
Number
of Loans |
|
|
Pre-Modification
Outstanding Recorded Investment |
|
|
Post-Modification
Outstanding Recorded Investment |
|
Number
of Loans |
|
|
Post-Modification
Outstanding Recorded Investment |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial real
estate other1 |
|
1 |
|
|
50 |
|
|
50 |
|
1 |
|
|
1,800 |
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Home
equity2 |
|
5 |
|
|
382 |
|
|
382 |
|
0 |
|
|
0 |
|
| Total |
|
6 |
|
$ |
432 |
|
$ |
432 |
|
1 |
|
$ |
1,800 |
|
1 Represents
the following concessions: extension of term and reduction of rate.
2 Represents
the following concessions: extension of term and reduction of rate.
3 TDRs
that defaulted during the three months ended September 30, 2016 that were restructured in the prior twelve months.
| September
30, 2015 |
|
Three
Months Ended |
|
| |
|
|
|
|
|
|
|
|
|
Defaulted
TDRs4 |
|
| (in
thousands) |
|
Number
of Loans |
|
|
Pre-Modification
Outstanding Recorded Investment |
|
|
Post-Modification
Outstanding Recorded Investment |
|
Number
of Loans |
|
|
Post-Modification
Outstanding Recorded Investment |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and
industrial other1 |
|
1 |
|
$ |
52 |
|
$ |
52 |
|
2 |
|
$ |
311 |
|
| Commercial real
estate other2 |
|
1 |
|
|
1,938 |
|
|
1,938 |
|
0 |
|
|
0 |
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Home
equity3 |
|
2 |
|
|
76 |
|
|
76 |
|
1 |
|
|
43 |
|
| Total |
|
4 |
|
$ |
2,066 |
|
$ |
2,066 |
|
3 |
|
$ |
354 |
|
1 Represents
the following concessions: extension of term and reduction of rate.
2 Represents
the following concessions: reduction of rate.
3 Represents
the following concessions: extension of term and reduction of rate.
4 TDRs
that defaulted in the quarter ended September 30, 2015 that had been restructured in the prior twelve months.
| September
30, 2016 |
|
Nine
Months Ended |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Defaulted
TDRs4 |
|
| (in
thousands) |
|
|
Number
of
Loans |
|
|
Pre-
Modification
Outstanding
Recorded
Investment |
|
|
Post-
Modification
Outstanding
Recorded
Investment |
|
|
Number
of
Loans |
|
|
Post-
Modification
Outstanding
Recorded
Investment |
|
| Commercial and industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial
and industrial other1 |
|
|
2 |
|
|
$ |
1,115 |
|
|
$ |
1,115 |
|
|
|
0 |
|
|
$ |
0 |
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial
real estate other2 |
|
|
1 |
|
|
$ |
50 |
|
|
$ |
50 |
|
|
|
1 |
|
|
$ |
1,800 |
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Home
equity3 |
|
|
10 |
|
|
|
1,164 |
|
|
|
1,164 |
|
|
|
0 |
|
|
|
0 |
|
| Total |
|
|
13 |
|
|
$ |
2,329 |
|
|
$ |
2,329 |
|
|
|
1 |
|
|
$ |
1,800 |
|
| 1 Represents the following
concessions: extension of term and reduction of rate. |
| 2 Represents the following
concessions: extension of term and reduction of rate. |
| 3 Represents the following
concessions: extension of term and reduction of rate. |
| 4 TDRs that defaulted during
the nine months ended September 30, 2016 that had been restructured in the prior twelve months. |
| September
30, 2015 |
|
Nine
Months Ended |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Defaulted
TDRs4 |
|
| (in
thousands) |
|
|
Number
of
Loans |
|
|
Pre-
Modification
Outstanding
Recorded
Investment |
|
|
Post-
Modification
Outstanding
Recorded
Investment |
|
|
Number
of
Loans |
|
|
Post-
Modification
Outstanding
Recorded
Investment |
|
| Commercial and industrial
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial
and industrial other1 |
|
|
5 |
|
|
$ |
433 |
|
|
$ |
433 |
|
|
|
2 |
|
|
$ |
311 |
|
| Commercial real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial
real estate other2 |
|
|
3 |
|
|
|
2,552 |
|
|
|
2,552 |
|
|
|
0 |
|
|
|
0 |
|
| Residential real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Home
equity3 |
|
|
14 |
|
|
|
1,558 |
|
|
|
1,558 |
|
|
|
4 |
|
|
|
279 |
|
| Total |
|
|
22 |
|
|
$ |
4,543 |
|
|
$ |
4,543 |
|
|
|
6 |
|
|
$ |
590 |
|
| 1 Represents the following
concessions: extension of term (2 loans $319,000) and reduction of rate (3 loans $114,000). |
| 2 Represents the following
concessions: extension of term (1 loan $28,000) and extension of term (2 loans $2.5 million). |
| 3 Represents the following
concessions: extension of term (9 loans $1.2 million) and reduction of rate (5 loans $928,000). |
| 4 TDRs that defaulted during
the nine months ended September 30, 2015 that were restructured in the prior twelve months. |
|
| Schedule of credit quality indicators on loans by class of commercial and industrial loans and commercial real estate loans |
The
following tables present credit quality indicators (internal risk grade) by class of commercial and industrial loans and commercial
real estate loans as of September 30, 2016 and December 31, 2015.
| September
30, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Commercial |
|
|
Commercial |
|
|
Commercial |
|
|
Commercial |
|
|
Commercial |
|
|
|
|
| |
|
and
Industrial |
|
|
and
Industrial |
|
|
Real
Estate |
|
|
Real
Estate |
|
|
Real
Estate |
|
|
|
|
| (in
thousands) |
|
Other |
|
|
Agriculture |
|
|
Other |
|
|
Agriculture |
|
|
Construction |
|
|
Total |
|
| Originated
Loans and Leases |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Internal risk grade: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Pass |
|
$ |
834,483 |
|
|
$ |
76,651 |
|
|
$ |
1,283,101 |
|
|
$ |
103,197 |
|
|
$ |
133,714 |
|
|
$ |
2,431,146 |
|
| Special Mention |
|
|
9,028 |
|
|
|
703 |
|
|
|
16,904 |
|
|
|
580 |
|
|
|
0 |
|
|
|
27,215 |
|
| Substandard |
|
|
3,146 |
|
|
|
357 |
|
|
|
14,328 |
|
|
|
290 |
|
|
|
0 |
|
|
|
18,121 |
|
| Total |
|
$ |
846,657 |
|
|
$ |
77,711 |
|
|
$ |
1,314,333 |
|
|
$ |
104,067 |
|
|
$ |
133,714 |
|
|
$ |
2,476,482 |
|
| September
30, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Commercial |
|
|
Commercial |
|
|
Commercial |
|
|
Commercial |
|
|
Commercial |
|
|
|
|
| |
|
and
Industrial |
|
|
and
Industrial |
|
|
Real
Estate |
|
|
Real
Estate |
|
|
Real
Estate |
|
|
|
|
| (in
thousands) |
|
Other |
|
|
Agriculture |
|
|
Other |
|
|
Agriculture |
|
|
Construction |
|
|
Total |
|
| Acquired
Loans and Leases |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Internal risk grade: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Pass |
|
$ |
82,956 |
|
|
$ |
0 |
|
|
$ |
240,570 |
|
|
$ |
4,761 |
|
|
$ |
3,628 |
|
|
$ |
331,915 |
|
| Special Mention |
|
|
0 |
|
|
|
0 |
|
|
|
540 |
|
|
|
0 |
|
|
|
0 |
|
|
|
540 |
|
| Substandard |
|
|
1,715 |
|
|
|
0 |
|
|
|
12,285 |
|
|
|
0 |
|
|
|
0 |
|
|
|
14,000 |
|
| Total |
|
$ |
84,671 |
|
|
$ |
0 |
|
|
$ |
253,395 |
|
|
$ |
4,761 |
|
|
$ |
3,628 |
|
|
$ |
346,455 |
|
| December
31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Commercial |
|
|
Commercial |
|
|
Commercial |
|
|
Commercial |
|
|
Commercial |
|
|
|
|
| |
|
and
Industrial |
|
|
and
Industrial |
|
|
Real
Estate |
|
|
Real
Estate |
|
|
Real
Estate |
|
|
|
|
| (in
thousands) |
|
Other |
|
|
Agriculture |
|
|
Other |
|
|
Agriculture |
|
|
Construction |
|
|
Total |
|
| Originated
Loans and Leases |
| Internal risk grade: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Pass |
|
$ |
759,023 |
|
|
$ |
87,488 |
|
|
$ |
1,143,238 |
|
|
$ |
86,445 |
|
|
$ |
99,508 |
|
|
$ |
2,175,702 |
|
| Special Mention |
|
|
3,531 |
|
|
|
78 |
|
|
|
12,378 |
|
|
|
141 |
|
|
|
3,529 |
|
|
|
19,657 |
|
| Substandard |
|
|
5,470 |
|
|
|
733 |
|
|
|
11,634 |
|
|
|
349 |
|
|
|
0 |
|
|
|
18,186 |
|
| Total |
|
$ |
768,024 |
|
|
$ |
88,299 |
|
|
$ |
1,167,250 |
|
|
$ |
86,935 |
|
|
$ |
103,037 |
|
|
$ |
2,213,545 |
|
| December
31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Commercial |
|
|
Commercial |
|
|
Commercial |
|
|
Commercial |
|
|
Commercial |
|
|
|
|
| |
|
and
Industrial |
|
|
and
Industrial |
|
|
Real
Estate |
|
|
Real
Estate |
|
|
Real
Estate |
|
|
|
|
| (in
thousands) |
|
Other |
|
|
Agriculture |
|
|
Other |
|
|
Agriculture |
|
|
Construction |
|
|
Total |
|
| Acquired
Loans and Leases |
| Internal risk grade: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Pass |
|
$ |
82,662 |
|
|
$ |
0 |
|
|
$ |
271,584 |
|
|
$ |
423 |
|
|
$ |
4,533 |
|
|
$ |
359,202 |
|
| Special Mention |
|
|
0 |
|
|
|
0 |
|
|
|
540 |
|
|
|
0 |
|
|
|
0 |
|
|
|
540 |
|
| Substandard |
|
|
2,148 |
|
|
|
0 |
|
|
|
12,828 |
|
|
|
1,672 |
|
|
|
359 |
|
|
|
17,007 |
|
| Total |
|
$ |
84,810 |
|
|
$ |
0 |
|
|
$ |
284,952 |
|
|
$ |
2,095 |
|
|
$ |
4,892 |
|
|
$ |
376,749 |
|
|
| Schedule of credit quality indicators by class of residential real estate and consumer loans |
The
following tables present credit quality indicators by class of residential real estate loans and by class of consumer loans. Nonperforming
loans include nonaccrual, impaired, and loans 90 days past due and accruing interest. All other loans are considered performing
as of September 30, 2016 and December 31, 2015. For purposes of this footnote, acquired loans that were recorded at fair value
at the acquisition date and are 90 days or greater past due are considered performing.
| September
30, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (in
thousands) |
|
Residential
Home Equity |
|
|
Residential
Mortgages |
|
|
Consumer
Indirect |
|
|
Consumer
Other |
|
|
Total |
|
| Originated
Loans and Leases |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Performing |
|
$ |
206,784 |
|
|
$ |
912,563 |
|
|
$ |
15,680 |
|
|
$ |
41,605 |
|
|
$ |
1,176,632 |
|
| Nonperforming |
|
|
1,545 |
|
|
|
5,192 |
|
|
|
213 |
|
|
|
10 |
|
|
|
6,960 |
|
| Total |
|
$ |
208,329 |
|
|
$ |
917,755 |
|
|
$ |
15,893 |
|
|
$ |
41,615 |
|
|
$ |
1,183,592 |
|
| September
30, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (in
thousands) |
|
Residential
Home Equity |
|
|
Residential
Mortgages |
|
|
Consumer
Indirect |
|
|
Consumer
Other |
|
|
Total |
|
| Acquired
Loans and Leases |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Performing |
|
$ |
38,706 |
|
|
$ |
28,869 |
|
|
$ |
0 |
|
|
$ |
867 |
|
|
$ |
68,442 |
|
| Nonperforming |
|
|
924 |
|
|
|
1,187 |
|
|
|
0 |
|
|
|
0 |
|
|
|
2,111 |
|
| Total |
|
$ |
39,630 |
|
|
$ |
30,056 |
|
|
$ |
0 |
|
|
$ |
867 |
|
|
$ |
70,553 |
|
| December
31, 2015 |
| (in
thousands) |
|
Residential
Home Equity |
|
|
Residential
Mortgages |
|
|
Consumer
Indirect |
|
|
Consumer
Other |
|
|
Total |
|
| Originated
Loans and Leases |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Performing |
|
$ |
200,647 |
|
|
$ |
817,952 |
|
|
$ |
17,722 |
|
|
$ |
40,829 |
|
|
$ |
1,077,150 |
|
| Nonperforming |
|
|
1,931 |
|
|
|
5,889 |
|
|
|
107 |
|
|
|
75 |
|
|
|
8,002 |
|
| Total |
|
$ |
202,578 |
|
|
$ |
823,841 |
|
|
$ |
17,829 |
|
|
$ |
40,904 |
|
|
$ |
1,085,152 |
|
December
31, 2015 |
| (in
thousands) |
|
Residential
Home Equity |
|
|
Residential
Mortgages |
|
|
Consumer
Indirect |
|
|
Consumer
Other |
|
|
Total |
|
| Acquired
Loans and Leases |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Performing |
|
$ |
41,380 |
|
|
$ |
26,102 |
|
|
$ |
0 |
|
|
$ |
911 |
|
|
$ |
68,393 |
|
| Nonperforming |
|
|
712 |
|
|
|
1,389 |
|
|
|
0 |
|
|
|
0 |
|
|
|
2,101 |
|
| Total |
|
$ |
42,092 |
|
|
$ |
27,491 |
|
|
$ |
0 |
|
|
$ |
911 |
|
|
$ |
70,494 |
|
|