Loans and allowance for credit losses (Tables)

6 Months Ended

Jun. 30, 2012

Receivables [Abstract]

Schedule Of Financing Receivables [Table Text Block]

The following table provides information about the principal classes of the loan portfolio at June 30, 2012 and December 31, 2011.

(Dollars in thousands)	June 30, 2012			December 31, 2011
Construction	$	111,067		$	119,883
Residential real estate		306,093			321,604
Commercial real estate		315,644			315,439
Commercial		63,004			69,485
Consumer		14,150			14,639
Total loans		809,958			841,050
Allowance for credit losses		(12,990	)		(14,288	)
Total loans, net	$	796,968		$	826,762

Impaired Financing Receivables [Table Text Block]

The following tables provide information on impaired loans and any related allowance by loan class as of June 30, 2012 and December 31, 2011.

(Dollars in thousands)	Unpaid principal balance		Recorded investment with no allowance		Recorded investment with an allowance		Related allowance		Average recorded investment
June 30, 2012
Impaired nonaccrual loans:
Construction	$	23,220	$	14,258	$	-	$	-	$	15,214
Residential real estate		24,948		19,588		812		420		20,221
Commercial real estate		15,398		9,376		2,260		500		12,968
Commercial		2,178		1,609		-		-		1,905
Consumer		59		55		-		-		46
Total		65,803		44,886		3,072		920		50,354
Impaired accruing restructured loans:
Construction		17,078		17,078		-		-		12,704
Residential real estate		5,008		5,008		-		-		3,580
Commercial real estate		15,077		15,077		-		-		12,510
Commercial		68		68		-		-		51
Consumer		-		-		-		-		-
Total		37,231		37,231		-		-		28,845
Total impaired loans:
Construction		40,298		31,336		-		-		27,918
Residential real estate		29,956		24,596		812		420		23,801
Commercial real estate		30,475		24,453		2,260		500		25,478
Commercial		2,246		1,677		-		-		1,956
Consumer		59		55		-		-		46
Total	$	103,034	$	82,117	$	3,072	$	920	$	79,199

(Dollars in thousands)	Unpaid principal balance		Recorded investment with no allowance		Recorded investment with an allowance		Related allowance		Average recorded investment
December 31, 2011
Impaired nonaccrual loans:
Construction	$	22,883	$	14,005	$	1,550	$	170	$	16,555
Residential real estate		22,431		16,925		3,181		1,296		15,430
Commercial real estate		17,372		14,012		-		-		14,624
Commercial		2,119		1,669		-		-		2,539
Consumer		30		28		-		-		32
Total		64,835		46,639		4,731		1,466		49,180
Impaired accruing restructured loans:
Construction		11,781		11,781		-		-		10,663
Residential real estate		3,792		3,792		-		-		6,093
Commercial real estate		9,566		9,566		-		-		7,960
Commercial		69		69		-		-		111
Consumer		-		-		-		-		-
Total		25,208		25,208		-		-		24,827
Total impaired loans:
Construction		34,664		25,786		1,550		170		27,218
Residential real estate		26,223		20,717		3,181		1,296		21,523
Commercial real estate		26,938		23,578		-		-		22,584
Commercial		2,188		1,738		-		-		2,650
Consumer		30		28		-		-		32
Total	$	90,043	$	71,847	$	4,731	$	1,466	$	74,007

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following tables provide information on troubled debt restructurings by loan class as of June 30, 2012 and December 31, 2011. The amounts include nonaccrual troubled debt restructurings.

(Dollars in thousands)	Number of contracts		Premodification outstanding recorded investment		Postmodification outstanding recorded investment
Troubled debt restructurings:
June 30, 2012
Construction		14	$	21,873	$	18,366
Residential real estate		26		13,530		12,283
Commercial real estate		19		21,814		18,633
Commercial		2		125		114
Consumer		1		30		28
Total		62	$	57,372	$	42,218
December 31, 2011
Construction		9	$	12,981	$	12,539
Residential real estate		20		11,471		10,359
Commercial real estate		20		15,874		14,175
Commercial		1		69		69
Consumer		-		-		-
Total		50	$	40,395	$	37,142

(Dollars in thousands)	Number of contracts		Recorded investment
Troubled debt restructurings that subsequently defaulted:
June 30, 2012
Construction		4	$	1,288
Residential real estate		12		8,163
Commercial real estate		5		3,557
Commercial		1		46
Consumer		1		28
Total		23	$	13,082
December 31, 2011
Construction		3	$	758
Residential real estate		10		7,353
Commercial real estate		5		6,751
Commercial		-		-
Consumer		-		-
Total		18	$	14,862

Financing Receivable Credit Quality Indicators [Table Text Block]

The following tables provide information on loan risk ratings as of June 30, 2012 and December 31, 2011.

(Dollars in thousands)	Pass/Performing		Special mention		Substandard		Doubtful		Nonaccrual		Total
June 30, 2012
Construction	$	47,029	$	26,633	$	23,147	$	-	$	14,258	$	111,067
Residential real estate		249,611		17,208		18,438		436		20,400		306,093
Commercial real estate		257,072		19,447		27,489		-		11,636		315,644
Commercial		56,049		3,669		1,616		61		1,609		63,004
Consumer		13,846		185		64		-		55		14,150
Total	$	623,607	$	67,142	$	70,754	$	497	$	47,958	$	809,958

(Dollars in thousands)	Pass/Performing		Special mention		Substandard		Doubtful		Nonaccrual		Total
December 31, 2011
Construction	$	50,403	$	30,373	$	23,552	$	-	$	15,555	$	119,883
Residential real estate		261,910		13,467		25,676		445		20,106		321,604
Commercial real estate		257,247		16,001		28,179		-		14,012		315,439
Commercial		59,178		3,813		4,748		77		1,669		69,485
Consumer		14,520		32		59		-		28		14,639
Total	$	643,258	$	63,686	$	82,214	$	522	$	51,370	$	841,050

Past Due Financing Receivables [Table Text Block]

The following tables provide information on the aging of the loan portfolio as of June 30, 2012 and December 31, 2011.

	Accruing
(Dollars in thousands)	Current			30-59 days past due			60-89 days past due			90 days or more past due			Total past due			Non-accrual			Total
June 30, 2012
Construction	$	95,937		$	-		$	872		$	-		$	872		$	14,258		$	111,067
Residential real estate		279,299			4,133			1,029			1,232			6,394			20,400			306,093
Commercial real estate		297,782			2,287			1,898			2,041			6,226			11,636			315,644
Commercial		61,278			46			9			62			117			1,609			63,004
Consumer		13,837			51			23			184			258			55			14,150
Total	$	748,133		$	6,517		$	3,831		$	3,519		$	13,867		$	47,958		$	809,958
Percent of total loans		92.4	%		0.8	%		0.5	%		0.4	%		1.7	%		5.9	%

	Accruing
(Dollars in thousands)	Current			30-59 days past due			60-89 days past due			90 days or more past due			Total past due			Non-accrual			Total
December 31, 2011
Construction	$	102,441		$	1,246		$	316		$	325		$	1,887		$	15,555		$	119,883
Residential real estate		289,459			4,417			5,291			2,331			12,039			20,106			321,604
Commercial real estate		289,760			10,073			1,594			-			11,667			14,012			315,439
Commercial		64,581			1,350			1,819			66			3,235			1,669			69,485
Consumer		14,492			112			6			1			119			28			14,639
Total	$	760,733		$	17,198		$	9,026		$	2,723		$	28,947		$	51,370		$	841,050
Percent of total loans		90.5	%		2.0	%		1.1	%		0.3	%		3.4	%		6.1	%

Allowance for Credit Losses on Financing Receivables [Table Text Block]

The following tables provide a summary of the activity in the allowance for credit losses allocated by loan class for the three months ended June 30, 2012 and 2011.

(Dollars in thousands)	Construction			Residential real estate			Commercial real estate			Commercial			Consumer			Unallocated		Total
For the three months ended June 30, 2012
Allowance for credit losses:
Beginning balance	$	3,344		$	4,448		$	3,549		$	1,539		$	581		$	83	$	13,544
Charge-offs		(714	)		(1,554	)		(745	)		(1,085	)		(162	)		-		(4,260	)
Recoveries		-			43			-			133			5			-		181
Net charge-offs		(714	)		(1,511	)		(745	)		(952	)		(157	)		-		(4,079	)
Provision		215			1,300			1,148			476			61			325		3,525
Ending balance	$	2,845		$	4,237		$	3,952		$	1,063		$	485		$	408	$	12,990

(Dollars in thousands)	Construction			Residential real estate			Commercial real estate			Commercial			Consumer			Unallocated			Total
For the three months ended June 30, 2011
Allowance for credit losses:
Beginning balance	$	3,324		$	5,420		$	5,280		$	2,776		$	591		$	80		$	17,471
Charge-offs		(728	)		(2,390	)		(2,265	)		(1,525	)		(40	)		-			(6,948	)
Recoveries		-			34			5			380			21			-			440
Net charge-offs		(728	)		(2,356	)		(2,260	)		(1,145	)		(19	)		-			(6,508	)
Provision		937			1,120			2,231			1,079			33			(5	)		5,395
Ending balance	$	3,533		$	4,184		$	5,251		$	2,710		$	605		$	75		$	16,358

The following tables provide a summary of the activity in the allowance for credit losses allocated by loan class for the six months ended June 30, 2012 and 2011.

(Dollars in thousands)	Construction			Residential real estate			Commercial real estate			Commercial			Consumer			Unallocated		Total
For the six months ended June 30, 2012
Allowance for credit losses:
Beginning balance	$	3,745		$	5,014		$	3,415		$	1,498		$	594		$	22	$	14,288
Charge-offs		(1,786	)		(5,673	)		(1,435	)		(4,440	)		(177	)		-		(13,511	)
Recoveries		-			94			7			208			9			-		318
Net charge-offs		(1,786	)		(5,579	)		(1,428	)		(4,232	)		(168	)		-		(13,193	)
Provision		886			4,802			1,965			3,797			59			386		11,895
Ending balance	$	2,845		$	4,237		$	3,952		$	1,063		$	485		$	408	$	12,990

(Dollars in thousands)	Construction			Residential real estate			Commercial real estate			Commercial			Consumer			Unallocated			Total
For the six months ended June 30, 2011
Allowance for credit losses:
Beginning balance	$	3,327		$	4,833		$	3,665		$	1,422		$	637		$	343		$	14,227
Charge-offs		(1,414	)		(4,481	)		(2,493	)		(1,771	)		(115	)		-			(10,274	)
Recoveries		49			68			5			457			41			-			620
Net charge-offs		(1,365	)		(4,413	)		(2,488	)		(1,314	)		(74	)		-			(9,654	)
Provision		1,571			3,764			4,074			2,602			42			(268	)		11,785
Ending balance	$	3,533		$	4,184		$	5,251		$	2,710		$	605		$	75		$	16,358

Allowance for Credit Losses On Loans Receivables Additional Information [Table Text Block]

The following tables include impairment information relating to loans and the allowance for credit losses as of June 30, 2012 and 2011.

(Dollars in thousands)	Construction		Residential real estate		Commercial real estate		Commercial		Consumer		Unallocated		Total
June 30, 2012
Loans individually evaluated for impairment	$	31,336	$	25,408	$	26,713	$	1,677	$	55	$	-	$	85,189
Loans collectively evaluated for impairment		79,731		280,685		288,931		61,327		14,095		-		724,769
Total loans	$	111,067	$	306,093	$	315,644	$	63,004	$	14,150	$	-	$	809,958
Allowance for credit losses allocated to:
Loans individually evaluated for impairment	$	-	$	420	$	500	$	-	$	-	$	-	$	920
Loans collectively evaluated for impairment		2,845		3,817		3,452		1,063		485		408		12,070
Total allowance for credit losses	$	2,845	$	4,237	$	3,952	$	1,063	$	485	$	408	$	12,990

(Dollars in thousands)	Construction		Residential real estate		Commercial real estate		Commercial		Consumer		Unallocated		Total
June 30, 2011
Loans individually evaluated for impairment	$	18,129	$	12,187	$	15,141	$	2,990	$	29	$	-	$	48,476
Loans collectively evaluated for impairment		110,011		319,947		312,166		71,495		15,236		-		828,855
Total loans	$	128,140	$	332,134	$	327,307	$	74,485	$	15,265	$	-	$	877,331
Allowance for credit losses allocated to:
Loans individually evaluated for impairment	$	-	$	289	$	506	$	567	$	-	$	-	$	1,362
Loans collectively evaluated for impairment		3,533		3,895		4,745		2,143		605		75		14,996
Total allowance for credit losses	$	3,533	$	4,184	$	5,251	$	2,710	$	605	$	75	$	16,358