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Loans and Leases (Tables)
 12 Months Ended
Dec. 31, 2016
Receivables [Abstract]  
Summary of Major Loan and Lease Categories
 
At December 31, 2016
(Dollars in thousands)
Originated
 
Acquired
 
Total
Commercial, financial and agricultural
$
663,221

 
$
160,045

 
$
823,266

Real estate-commercial
909,581

 
465,368

 
1,374,949

Real estate-construction
142,891

 
31,953

 
174,844

Real estate-residential secured for business purpose
151,931

 
142,137

 
294,068

Real estate-residential secured for personal purpose
210,377

 
80,431

 
290,808

Real estate-home equity secured for personal purpose
147,982

 
14,857

 
162,839

Loans to individuals
30,110

 
263

 
30,373

Lease financings
134,739

 
—

 
134,739

Total loans and leases held for investment, net of deferred income
$
2,390,832

 
$
895,054

 
$
3,285,886

 
 
 
 
 
 
Unearned lease income, included in the above table
$
(15,970
)
 
$
—

 
$
(15,970
)
Net deferred costs, included in the above table
4,503

 
—

 
4,503

Overdraft deposits included in the above table
84

 
—

 
84
Schedule of Impaired Loans
The following is a summary of the acquired impaired loans at July 1, 2016 resulting from the acquisition with Fox Chase:
(Dollars in thousands)
 
 
 
Contractually required principal and interest payments
$
25,141

Contractual cash flows not expected to be collected (nonaccretable difference)
(11,120
)
Cash flows expected to be collected
14,021

Interest component of expected cash flows (accretable discount)
(283
)
Fair value of loans acquired with a deterioration of credit quality
$
13,738

The outstanding principal balance and carrying amount for acquired credit impaired loans at December 31, 2016 and 2015 were as follows:
(Dollars in thousands)
At December 31, 2016
 
At December 31, 2015
Outstanding principal balance
$
8,993

 
$
3,551

Carrying amount
7,352

 
1,253

Allowance for loan losses
—

 
8


The following table presents the changes in accretable yield on acquired credit impaired loans:
 
For the Years Ended December 31,
(Dollars in thousands)
2016
 
2015
Beginning of period
$
144

 
$
—

Acquisition of credit impaired loans
283

 
305

Reclassification from nonaccretable discount
1,329

 
574

Accretable yield amortized to interest income
(1,672
)
 
(717
)
Disposals
(34
)
 
(18
)
End of period
$
50

 
$
144

The following presents, by class of loans, the recorded investment and unpaid principal balance of impaired loans, the amounts of the impaired loans for which there is not a reserve for credit losses and the amounts for which there is a reserve for credit losses at December 31, 2016 and 2015. The impaired loans exclude loans acquired with deteriorated credit quality.
 
At December 31,
 
2016
 
2015
(Dollars in thousands)
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Reserve
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Reserve
Impaired loans with no related reserve recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
$
10,911

 
$
12,561

 
 
 
$
10,337

 
$
13,318

 
 
Real estate—commercial real estate
24,469

 
25,342

 
 
 
30,088

 
30,996

 
 
Real estate—residential secured for business purpose
5,704

 
6,253

 
 
 
4,597

 
4,717

 
 
Real estate—residential secured for personal purpose
560

 
594

 
 
 
545

 
554

 
 
Real estate—home equity secured for personal purpose
525

 
528

 
 
 
170

 
170

 
 
Total impaired loans with no related reserve recorded
$
42,169

 
$
45,278

 
 
 
$
45,737

 
$
49,755

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impaired loans with a reserve recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
$
166

 
$
166

 
$
19

 
$
2,544

 
$
2,544

 
$
208

Real estate—commercial real estate
597

 
597

 
25

 
—

 
—

 
—

Real estate—residential secured for business purpose
983

 
1,105

 
191

 
295

 
295

 
45

Real estate—residential secured for personal purpose
—

 
—

 
—

 
252

 
252

 
16

Real estate—home equity secured for personal purpose
—

 
—

 
—

 
105

 
105

 
53

Total impaired loans with a reserve recorded
$
1,746

 
$
1,868

 
$
235

 
$
3,196

 
$
3,196

 
$
322

 
 
 
 
 
 
 
 
 
 
 
 
Total impaired loans:
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
$
11,077

 
$
12,727

 
$
19

 
$
12,881

 
$
15,862

 
$
208

Real estate—commercial real estate
25,066

 
25,939

 
25

 
30,088

 
30,996

 
—

Real estate—residential secured for business purpose
6,687

 
7,358

 
191

 
4,892

 
5,012

 
45

Real estate—residential secured for personal purpose
560

 
594

 
—

 
797

 
806

 
16

Real estate—home equity secured for personal purpose
525

 
528

 
—

 
275

 
275

 
53

Total impaired loans
$
43,915

 
$
47,146

 
$
235

 
$
48,933

 
$
52,951

 
$
322
Schedule of Future Minimum Lease Payments for Capital Leases
At December 31, 2016 and 2015, the schedule of minimum lease payments receivable is as follows:
 
At December 31,
(Dollars in thousands)
2016
 
2015
Within 1 year
$
56,872

 
$
54,093

After 1 year through 2 years
41,931

 
40,250

After 2 years through 3 years
28,340

 
25,940

After 3 years through 4 years
16,369

 
13,914

After 4 years through 5 years
6,753

 
4,853

Thereafter
444

 
219

Total future minimum lease payments receivable
150,709

 
139,269

Less: Unearned income
(15,970
)
 
(13,829
)
Total lease financing receivables, net of unearned income
$
134,739

 
$
125,440
Schedule of Age Analysis of Past Due Loans and Leases
The following presents, by class of loans and leases, an aging of past due loans and leases, loans and leases which are current and the recorded investment in loans and leases 90 days or more past due which are accruing interest at December 31, 2016 and 2015:
(Dollars in thousands)
30-59
Days
Past Due
 
60-89
Days
Past Due
 
90 Days
or more
Past Due
 
Total
Past Due
 
Current
 
Acquired Credit Impaired
 
Total Loans
and Leases
Held for
Investment
 
Recorded
Investment 90
Days or more
Past Due and
Accruing
Interest
At December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
$
1,536

 
$
256

 
$
1,335

 
$
3,127

 
$
819,550

 
$
589

 
$
823,266

 
$
—

Real estate—commercial real estate and construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
1,482

 
1,560

 
2,591

 
5,633

 
1,363,606

 
5,710

 
1,374,949

 
—

Construction
202

 
—

 
—

 
202

 
174,642

 
—

 
174,844

 
—

Real estate—residential and home equity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential secured for business purpose
1,390

 
428

 
1,539

 
3,357

 
289,927

 
784

 
294,068

 
—

Residential secured for personal purpose
3,243

 
905

 
879

 
5,027

 
285,512

 
269

 
290,808

 
481

Home equity secured for personal purpose
717

 
142

 
521

 
1,380

 
161,459

 
—

 
162,839

 
171

Loans to individuals
324

 
95

 
142

 
561

 
29,812

 
—

 
30,373

 
142

Lease financings
1,731

 
1,418

 
729

 
3,878

 
130,861

 
—

 
134,739

 
193

Total
$
10,625

 
$
4,804

 
$
7,736

 
$
23,165

 
$
3,255,369

 
$
7,352

 
$
3,285,886

 
$
987

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
At December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
$
864

 
$
298

 
$
4,279

 
$
5,441

 
$
498,757

 
$
317

 
$
504,515

 
$
—

Real estate—commercial real estate and construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
12,103

 
—

 
1,102

 
13,205

 
872,174

 
513

 
885,892

 
—

Construction
—

 
—

 
—

 
—

 
96,541

 
—

 
96,541

 
—

Real estate—residential and home equity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential secured for business purpose
1,406

 
2,356

 
727

 
4,489

 
213,871

 
423

 
218,783

 
—

Residential secured for personal purpose
990

 
69

 
309

 
1,368

 
179,787

 
—

 
181,155

 
—

Home equity secured for personal purpose
777

 
52

 
174

 
1,003

 
135,952

 
—

 
136,955

 
—

Loans to individuals
198

 
97

 
173

 
468

 
29,264

 
—

 
29,732

 
173

Lease financings
1,294

 
652

 
646

 
2,592

 
122,848

 
—

 
125,440

 
206

Total
$
17,632

 
$
3,524

 
$
7,410

 
$
28,566

 
$
2,149,194

 
$
1,253

 
$
2,179,013

 
$
379
Schedule of Non-Performing Loans and Leases
The following presents, by class of loans and leases, non-performing loans and leases at December 31, 2016 and 2015:
 
At December 31,
 
2016
 
2015
(Dollars in thousands)
Nonaccrual
Loans and
Leases*
 
Accruing
Troubled
Debt
Restructured
Loans and
Lease
Modifications
 
Loans and
Leases
90 Days
or more
Past Due
and
Accruing
Interest
 
Total Non-
Performing
Loans and
Leases
 
Nonaccrual
Loans and
Leases*
 
Accruing
Troubled
Debt
Restructured
Loans and
Lease
Modifications
 
Loans and
Leases
90 Days
or more
Past Due
and
Accruing
Interest
 
Total Non-
Performing
Loans and
Leases
Commercial, financial and agricultural
$
5,746

 
$
967

 
$
—

 
$
6,713

 
$
6,915

 
$
1,602

 
$
—

 
$
8,517

Real estate—commercial real estate and construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
5,651

 
1,519

 
—

 
7,170

 
4,314

 
2,449

 
—

 
6,763

Real estate—residential and home equity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential secured for business purpose
4,898

 
766

 
—

 
5,664

 
1,863

 
763

 
—

 
2,626

Residential secured for personal purpose
560

 
—

 
481

 
1,041

 
376

 
421

 
—

 
797

Home equity secured for personal purpose
525

 
—

 
171

 
696

 
275

 
—

 
—

 
275

Loans to individuals
—

 
—

 
142

 
142

 
—

 
—

 
173

 
173

Lease financings
536

 
—

 
193

 
729

 
440

 
10

 
206

 
656

Total
$
17,916

 
$
3,252

 
$
987

 
$
22,155

 
$
14,183

 
$
5,245

 
$
379

 
$
19,807

 * Includes nonaccrual troubled debt restructured loans and lease modifications of $1.8 million and $93 thousand at December 31, 2016 and December 31, 2015, respectively.
Summary of Credit Quality Indicators
The following tables present by class, the recorded investment in loans and leases held for investment by credit quality indicator at December 31, 2016 and 2015.
The Corporation employs a ten (10) grade risk rating system related to the credit quality of commercial loans and residential real estate loans secured for a business purpose of which the first six categories are pass categories (credits not adversely rated). The following is a description of the internal risk ratings and the likelihood of loss related to each risk rating. Loans with risk ratings of one through five are reviewed based on the relationship dollar amount with the borrower: loans with a relationship total of $2.5 million or greater are reviewed quarterly; loans with a relationship balance of less than $2.5 million but greater than $500 thousand are reviewed annually based on the borrower’s fiscal year; loans with a relationship balance of less than $500 thousand are reviewed only if the loan becomes 60 days or more past due. Loans with a risk rating of six are also reviewed based on the relationship dollar amount with the borrower: loans with a relationship balance of $2.0 million or greater are reviewed quarterly; loans with a relationship balance of less than $2.0 million but greater than $500 thousand are reviewed annually; loans with a relationship balance of less than $500 thousand are reviewed only if the loan becomes 60 days or more past due. Loans with a risk rating of seven are reviewed at least quarterly, and as often as monthly, at management’s discretion. Loans with risk ratings of eight through ten are reviewed monthly.

1.
Cash Secured—No credit risk
2.
Fully Secured—Negligible credit risk
3.
Strong—Minimal credit risk
4.
Satisfactory—Nominal credit risk
5.
Acceptable—Moderate credit risk
6.
Pre-Watch—Marginal, but stable credit risk
7.
Special Mention—Potential weakness
8.
Substandard—Well-defined weakness
9.
Doubtful—Collection in-full improbable
10.
Loss—Considered uncollectible
Commercial Credit Exposure Credit Risk by Internally Assigned Grades

The following table presents classifications for originated loans:
(Dollars in thousands)
Commercial,
Financial and
Agricultural
 
Real Estate—
Commercial
 
Real Estate—
Construction
 
Real Estate—
Residential Secured
for Business Purpose
 
Total
At December 31, 2016
 
 
 
 
 
 
 
 
 
Grade:
 
 
 
 
 
 
 
 
 
1. Cash secured/ 2. Fully secured
$
272

 
$
—

 
$
13,714

 
$
162

 
$
14,148

3. Strong
14,980

 
2,045

 
—

 
—

 
17,025

4. Satisfactory
35,529

 
38,861

 
—

 
367

 
74,757

5. Acceptable
465,675

 
676,212

 
110,650

 
133,716

 
1,386,253

6. Pre-watch
113,499

 
128,646

 
18,213

 
12,025

 
272,383

7. Special Mention
8,820

 
22,439

 
314

 
1,199

 
32,772

8. Substandard
24,446

 
41,378

 
—

 
4,462

 
70,286

9. Doubtful
—

 
—

 
—

 
—

 
—

10. Loss
—

 
—

 
—

 
—

 
—

Total
$
663,221

 
$
909,581

 
$
142,891

 
$
151,931

 
$
1,867,624

 
 
 
 
 
 
 
 
 
 
At December 31, 2015
 
 
 
 
 
 
 
 
 
Grade:
 
 
 
 
 
 
 
 
 
1. Cash secured/ 2. Fully secured
$
968

 
$
—

 
$
5,417

 
$
—

 
$
6,385

3. Strong
17,328

 
10,877

 
—

 
—

 
28,205

4. Satisfactory
36,697

 
36,023

 
450

 
9

 
73,179

5. Acceptable
328,140

 
530,766

 
72,630

 
78,659

 
1,010,195

6. Pre-watch
61,098

 
119,117

 
13,262

 
7,161

 
200,638

7. Special Mention
6,074

 
20,286

 
—

 
2,347

 
28,707

8. Substandard
29,675

 
42,273

 
145

 
6,104

 
78,197

9. Doubtful
—

 
—

 
—

 
—

 
—

10. Loss
—

 
—

 
—

 
—

 
—

Total
$
479,980

 
$
759,342

 
$
91,904

 
$
94,280

 
$
1,425,506

(Dollars in thousands)
Real Estate—
Residential
Secured for
Personal Purpose
 
Real Estate—
Home Equity
Secured for
Personal Purpose
 
Loans to
Individuals
 
Lease
Financing
 
Total
At December 31, 2016
 
 
 
 
 
 
 
 
 
Performing
$
210,208

 
$
147,286

 
$
29,968

 
$
134,010

 
$
521,472

Nonperforming
169

 
696

 
142

 
729

 
1,736

Total
$
210,377

 
$
147,982

 
$
30,110

 
$
134,739

 
$
523,208

 
 
 
 
 
 
 
 
 
 
At December 31, 2015
 
 
 
 
 
 
 
 
 
Performing
$
177,053

 
$
125,086

 
$
29,233

 
$
124,784

 
$
456,156

Nonperforming
797

 
275

 
173

 
656

 
1,901

Total
$
177,850

 
$
125,361

 
$
29,406

 
$
125,440

 
$
458,057
Summary of Activity in the Reserve for Loan and Lease Losses
The following presents, by portfolio segment, a summary of the activity in the reserve for loan and lease losses for the years ended December 31, 2016, 2015 and 2014:
(Dollars in thousands)
Commercial,
Financial
and
Agricultural
 
Real Estate—
Commercial
and
Construction
 
Real Estate—
Residential
Secured for
Business
Purpose
 
Real Estate—
Residential
and Home
Equity
Secured for
Personal
Purpose
 
Loans to
Individuals
 
Lease
Financings
 
Unallocated
 
Total
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reserve for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
6,418

 
$
6,572

 
$
763

 
$
1,575

 
$
346

 
$
1,042

 
$
912

 
$
17,628

Charge-offs
(4,827
)
 
(307
)
 
(522
)
 
(178
)
 
(395
)
 
(759
)
 
N/A

 
(6,988
)
Recoveries
1,454

 
101

 
71

 
88

 
133

 
191

 
N/A

 
2,038

Provision (recovery of provision)
3,992

 
961

 
462

 
(489
)
 
280

 
314

 
(874
)
 
4,646

Provision (recovery of provision) for acquired credit impaired loans
—

 
178

 
—

 
(3
)
 
—

 
—

 
—

 
175

Ending balance
$
7,037

 
$
7,505

 
$
774

 
$
993

 
$
364

 
$
788

 
$
38

 
$
17,499

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reserve for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
6,920

 
$
8,943

 
$
763

 
$
1,124

 
$
360

 
$
985

 
$
1,567

 
$
20,662

Charge-offs*
(4,793
)
 
(1,895
)
 
(179
)
 
(279
)
 
(549
)
 
(801
)
 
N/A

 
(8,496
)
Recoveries
1,032

 
200

 
28

 
10

 
176

 
214

 
N/A

 
1,660

Provision (recovery of provision)
3,259

 
(684
)
 
43

 
657

 
359

 
644

 
(655
)
 
3,623

Provision for acquired credit impaired loans
—

 
8

 
108

 
63

 
—

 
—

 
—

 
179

Ending balance
$
6,418

 
$
6,572

 
$
763

 
$
1,575

 
$
346

 
$
1,042

 
$
912

 
$
17,628

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reserve for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
9,789

 
$
8,780

 
$
1,062

 
$
1,284

 
$
694

 
$
1,285

 
$
1,600

 
$
24,494

Charge-offs
(2,834
)
 
(4,363
)
 
(140
)
 
(141
)
 
(796
)
 
(576
)
 
N/A

 
(8,850
)
Recoveries
247

 
524

 
60

 
34

 
265

 
281

 
N/A

 
1,411

(Recovery of provision) provision
(282
)
 
4,002

 
(219
)
 
(53
)
 
197

 
(5
)
 
(33
)
 
3,607

Provision for acquired credit impaired loans
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Ending balance
$
6,920

 
$
8,943

 
$
763

 
$
1,124

 
$
360

 
$
985

 
$
1,567

 
$
20,662

* Includes charge-offs of $1.3 million on two real estate construction loans for one borrower which were subsequently transferred to loans held for sale in the second quarter of 2015 and sold in the fourth quarter of 2015.
N/A – Not applicable
    
The following presents, by portfolio segment, the balance in the reserve for loan and lease losses disaggregated on the basis of impairment method and the recorded investment in loans and leases disaggregated on the basis of impairment method at December 31, 2016 and 2015:
(Dollars in thousands)
Commercial,
Financial
and
Agricultural
 
Real Estate—
Commercial
and
Construction
 
Real Estate—
Residential
Secured for
Business
Purpose
 
Real Estate—
Residential
and Home
Equity
Secured for
Personal
Purpose
 
Loans to
Individuals
 
Lease
Financings
 
Unallocated
 
Total
At December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reserve for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
$
19

 
$
25

 
$
191

 
$
—

 
$
—

 
$
—

 
N/A

 
$
235

Ending balance: collectively evaluated for impairment
7,018

 
7,480

 
583

 
993

 
364

 
788

 
38

 
17,264

Total ending balance
$
7,037

 
$
7,505

 
$
774

 
$
993

 
$
364

 
$
788

 
$
38

 
$
17,499

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans and leases held for investment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
$
11,077

 
$
25,066

 
$
6,687

 
$
1,085

 
$
—

 
$
—

 
 
 
$
43,915

Ending balance: collectively evaluated for impairment
652,144

 
1,027,406

 
145,244

 
357,274

 
30,110

 
134,739

 
 
 
2,346,917

Loans measured at fair value
—

 
2,138

 
—

 
—

 
—

 
—

 
 
 
2,138

Acquired non-credit impaired loans
159,456

 
489,473

 
141,353

 
95,019

 
263

 
—

 
 
 
885,564

Acquired credit impaired loans
589

 
5,710

 
784

 
269

 
—

 
—

 
 
 
7,352

Total ending balance
$
823,266

 
$
1,549,793

 
$
294,068

 
$
453,647

 
$
30,373

 
$
134,739

 
 
 
$
3,285,886

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
At December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reserve for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
$
208

 
$
—

 
$
45

 
$
69

 
$
—

 
$
—

 
N/A

 
$
322

Ending balance: collectively evaluated for impairment
6,210

 
6,564

 
718

 
1,506

 
346

 
1,042

 
912

 
17,298

Ending balance: acquired credit impaired loans evaluated for impairment
—

 
8

 
—

 
—

 
—

 
—

 
—

 
8

Total ending balance
$
6,418

 
$
6,572

 
$
763

 
$
1,575

 
$
346

 
$
1,042

 
$
912

 
$
17,628

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans and leases held for investment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
$
12,881

 
$
30,088

 
$
4,892

 
$
1,072

 
$
—

 
$
—

 
 
 
$
48,933

Ending balance: collectively evaluated for impairment
467,099

 
821,158

 
89,388

 
302,139

 
29,406

 
125,440

 
 
 
1,834,630

Acquired non-credit impaired loans
24,218

 
130,674

 
124,080

 
14,899

 
326

 
—

 
 
 
294,197

Acquired credit impaired loans
317

 
513

 
423

 
—

 
—

 
—

 
 
 
1,253

Total ending balance
$
504,515

 
$
982,433

 
$
218,783

 
$
318,110

 
$
29,732

 
$
125,440

 
 
 
$
2,179,013

N/A – Not applicable
Summary of Average Recorded Investment in Impaired Loans and Leases and Analysis of Interest on Impaired Loans
The following presents by class of loans, the average recorded investment in impaired loans and an analysis of interest on impaired loans. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. Therefore, interest income on accruing impaired loans is recognized using the accrual method.     
 
For the Years Ended December 31,
 
2016
 
2015
 
2014
(Dollars in thousands)
Average
Recorded
Investment
 
Interest
Income
Recognized*
 
Additional
Interest Income
That Would
Have Been
Recognized
Under Original
Terms
 
Average
Recorded
Investment
 
Interest
Income
Recognized*
 
Additional
Interest Income
That Would
Have Been
Recognized
Under Original
Terms
 
Average
Recorded
Investment
 
Interest
Income
Recognized*
 
Additional
Interest Income
That Would
Have Been
Recognized
Under Original
Terms
Loans held for sale
$
—

 
$
—

 
$
—

 
$
1,832

 
$
—

 
$
110

 
$
—

 
$
—

 
$
—

Loans held for investment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
13,126

 
258

 
381

 
15,383

 
423

 
481

 
15,334

 
540

 
258

Real estate—commercial real estate
26,698

 
1,106

 
272

 
23,692

 
996

 
330

 
26,662

 
1,143

 
323

Real estate—construction
—

 
—

 
—

 
3,164

 
—

 
162

 
10,412

 
103

 
463

Real estate—residential secured for business purpose
4,084

 
67

 
207

 
3,805

 
144

 
161

 
2,524

 
77

 
61

Real estate—residential secured for personal purpose
498

 
2

 
24

 
729

 
2

 
43

 
719

 
—

 
49

Real estate—home equity secured for personal purpose
440

 
—

 
25

 
184

 
—

 
11

 
106

 
—

 
10

Total
$
44,846

 
$
1,433

 
$
909

 
$
48,789

 
$
1,565

 
$
1,298

 
$
55,761

 
$
1,863

 
$
1,164

*
Includes interest income recognized on a cash basis for nonaccrual loans of $8 thousand, $37 thousand and $23 thousand for the years ended December 31, 2016, 2015 and 2014, respectively and interest income recognized on the accrual method for accruing impaired loans of $1.4 million, $1.5 million and $1.8 million for the years ended December 31, 2016, 2015 and 2014, respectively.
Schedule of Troubled Debt Restructured Loans
The following presents, by class of loans, information regarding consumer mortgages collateralized by residential real estate property that are in the process of foreclosure at December 31, 2016 and 2015:
(Dollars in thousands)
At December 31, 2016
 
At December 31, 2015
Real estate-residential secured for personal purpose
$
—

 
$
313

Real estate-home equity secured for personal purpose
180

 
60

Total
$
180

 
$
373

The following presents, by class of loans, information regarding accruing and nonaccrual loans that were restructured during the years ended December 31, 2016 and 2015:
 
For the Years Ended December 31,
 
2016
 
2015
(Dollars in thousands)
Number
of
Loans
 
Pre-
Restructuring
Outstanding
Recorded
Investment
 
Post-
Restructuring
Outstanding
Recorded
Investment
 
Related
Reserve
 
Number
of
Loans
 
Pre-
Restructuring
Outstanding
Recorded
Investment
 
Post-
Restructuring
Outstanding
Recorded
Investment
 
Related
Reserve
Accruing Troubled Debt Restructured Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
1

 
$
1,545

 
$
1,545

 
$
—

 
4

 
$
1,140

 
$
1,140

 
$
—

Real estate—commercial real estate
—

 
—

 
—

 
—

 
1

 
405

 
405

 
—

Real estate—residential secured for business purpose
1

 
415

 
415

 
—

 
1

 
353

 
353

 
—

Total
2

 
$
1,960

 
$
1,960

 
$
—

 
6

 
$
1,898

 
$
1,898

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nonaccrual Troubled Debt Restructured Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
—

 
$
—

 
$
—

 
$
—

 
1

 
$
122

 
$
122

 
$
22

Real estate—residential secured for business purpose
1

 
313

 
312

 
—

 
—

 
—

 
—

 
—

Real estate—residential secured for personal purpose
1

 
34

 
34

 
—

 
—

 
—

 
—

 
—

Real estate—home equity secured for personal purpose
1

 
152

 
152

 
—

 
—

 
—

 
—

 
—

Total
3

 
$
499

 
$
498

 
$
—

 
1

 
$
122

 
$
122

 
$
22

The Corporation held no foreclosed consumer residential real estate property at December 31, 2016 and 2015.
 
 
 
 
Summary of Concessions Granted on Restructured Loans
The following presents, by class of loans, information regarding the types of concessions granted on accruing and nonaccrual loans that were restructured during the years ended December 31, 2016 and 2015:
 
Interest Only Term
Extension
 
Temporary Payment
Reduction
 
Maturity Date
Extension
 
Amortization Period Extension
 
Total Concessions
Granted
(Dollars in thousands)
No. of
Loans
 
Amount
 
No. of
Loans
 
Amount
 
No. of
Loans
 
Amount
 
No. of
Loans
 
Amount
 
No. of
Loans
 
Amount
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accruing Troubled Debt Restructured Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
—

 
$
—

 
—

 
$
—

 
—

 
$
—

 
1

 
$
1,545

 
1

 
$
1,545

Real estate—residential secured for business purpose
1

 
415

 
—

 
—

 
—

 
—

 
—

 
—

 
1

 
415

Total
1

 
$
415

 
—

 
$
—

 
—

 
$
—

 
1

 
$
1,545

 
2

 
$
1,960

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nonaccrual Troubled Debt Restructured Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate—residential secured for business purpose
—

 
$
—

 
—

 
$
—

 
1

 
$
312

 
—

 
$
—

 
1

 
$
312

Real estate—residential secured for personal purpose
—

 
—

 
—

 
—

 
1

 
34

 
—

 
—

 
1

 
34

Real estate—home equity secured for personal purpose
—

 
—

 
—

 
—

 
1

 
152

 
—

 
—

 
1

 
152

Total
—

 
$
—

 
—

 
$
—

 
3

 
$
498

 
—

 
$
—

 
3

 
$
498

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accruing Troubled Debt Restructured Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
—

 
$
—

 
1

 
$
143

 
1

 
$
500

 
2

 
$
497

 
4

 
$
1,140

Real estate—commercial real estate
—

 
—

 
—

 
—

 
—

 
—

 
1

 
405

 
1

 
405

Real estate—residential secured for business purpose
—

 
—

 
1

 
353

 
—

 
—

 
—

 
—

 
1

 
353

Total
—

 
$
—

 
2

 
$
496

 
1

 
$
500

 
3

 
$
902

 
6

 
$
1,898

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nonaccrual Troubled Debt Restructured Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
—

 
$
—

 
1

 
$
122

 
—

 
$
—

 
—

 
$
—

 
1

 
$
122

Total
—

 
$
—

 
1

 
$
122

 
—

 
$
—

 
—

 
$
—

 
1

 
$
122
Accruing and Nonaccrual Troubled Debt Restructured Loans with Payment Defaults
The following presents, by class of loans, information regarding accruing and nonaccrual troubled debt restructured loans, for which there were payment defaults within twelve months of the restructuring date:
 
For the Years Ended December 31,
 
2016
 
2015
(Dollars in thousands)
Number
of Loans
 
Recorded
Investment
 
Number
of Loans
 
Recorded
Investment
Accruing Troubled Debt Restructured Loans:
 
 
 
 
 
 
 
Total
—

 
$
—

 
—

 
$
—

Nonaccrual Troubled Debt Restructured Loans:
 
 
 
 
 
 
 
Commercial, financial and agricultural
—

 
$
—

 
1

 
$
143

Real estate—residential secured for personal purpose
1

 
34

 
—

 
—

Total
1

 
$
34

 
1

 
$
143