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Loans and allowance for credit losses (Tables)
 9 Months Ended
Sep. 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 September 30, 2012 and December 31, 2011.

 

(Dollars in thousands)   September 30, 2012     December 31, 2011  
Construction   $ 108,721     $ 119,883  
Residential real estate     302,449       321,604  
Commercial real estate     321,817       315,439  
Commercial     61,531       69,485  
Consumer     13,512       14,639  
Total loans     808,030       841,050  
Allowance for credit losses     (12,955 )     (14,288 )
Total loans, net   $ 795,075     $ 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 September 30, 2012 and December 31, 2011.

 

(Dollars in thousands)   Unpaid principal balance     Recorded investment with no allowance     Recorded investment with an allowance     Related allowance     Year-to-date average recorded investment     Quarter-to-date average recorded investment  
September 30, 2012                                                
Impaired nonaccrual loans:                                                
Construction   $ 15,509     $ 11,456     $ 19     $ 19     $ 13,717     $ 12,770  
Residential real estate     20,424       14,440       -       -       18,920       17,092  
Commercial real estate     16,149       11,916       -       -       12,567       11,446  
Commercial     2,124       1,557       -       -       1,760       1,572  
Consumer     58       54       -       -       50       55  
Total     54,264       39,423       19       19       47,014       42,935  
                                                 
Impaired accruing restructured loans:                                                
Construction     28,479       28,479       -       -       17,304       22,779  
Residential real estate     5,231       5,231       -       -       4,258       5,120  
Commercial real estate     16,986       16,986       -       -       14,173       16,032  
Commercial     89       89       -       -       74       79  
Consumer     -       -       -       -       -       -  
Total     50,785       50,785       -       -       35,809       44,010  
                                                 
Total impaired loans:                                                
Construction     43,988       39,935       19       19       31,021       35,549  
Residential real estate     25,655       19,671       -       -       23,178       22,212  
Commercial real estate     33,135       28,902       -       -       26,740       27,478  
Commercial     2,213       1,646       -       -       1,834       1,651  
Consumer     58       54       -       -       50       55  
Total   $ 105,049     $ 90,208     $ 19     $ 19     $ 82,823     $ 86,945  

 

(Dollars in thousands)   Unpaid principal balance     Recorded investment with no allowance     Recorded investment with an allowance     Related allowance     Year-to-date average recorded investment     Quarter-to-date average recorded investment  
December 31, 2011                                                
Impaired nonaccrual loans:                                                
Construction   $ 22,883     $ 14,005     $ 1,550     $ 170     $ 16,555     $ 16,367  
Residential real estate     22,431       16,925       3,181       1,296       15,430       18,118  
Commercial real estate     17,372       14,012       -       -       14,624       13,545  
Commercial     2,119       1,669       -       -       2,539       1,680  
Consumer     30       28       -       -       32       34  
Total     64,835       46,639       4,731       1,466       49,180       49,744  
                                                 
Impaired accruing restructured loans:                                                
Construction     11,781       11,781       -       -       10,663       10,930  
Residential real estate     3,792       3,792       -       -       6,093       3,156  
Commercial real estate     9,566       9,566       -       -       7,960       9,949  
Commercial     69       69       -       -       111       35  
Consumer     -       -       -       -       -       -  
Total     25,208       25,208       -       -       24,827       24,070  
                                                 
Total impaired loans:                                                
Construction     34,664       25,786       1,550       170       27,218       27,297  
Residential real estate     26,223       20,717       3,181       1,296       21,523       21,274  
Commercial real estate     26,938       23,578       -       -       22,584       23,494  
Commercial     2,188       1,738       -       -       2,650       1,715  
Consumer     30       28       -       -       32       34  
Total   $ 90,043     $ 71,847     $ 4,731     $ 1,466     $ 74,007     $ 73,814  
Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following tables provide information on troubled debt restructurings by loan class as of September 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:                        
September 30, 2012                        
Construction     19     $ 33,277     $ 29,518  
Residential real estate     28       14,145       7,614  
Commercial real estate     22       24,065       20,418  
Commercial     3       149       126  
Consumer     1       30       27  
Total     73     $ 71,666     $ 57,703  
                         
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 (1):                
September 30, 2012                
Construction     7     $ 2,129  
Residential real estate     13       2,902  
Commercial real estate     6       3,433  
Commercial     1       36  
Consumer     1       27  
Total     28     $ 8,527  
                 
December 31, 2011                
Construction     3     $ 758  
Residential real estate     10       7,353  
Commercial real estate     5       6,751  
Commercial     -       -  
Consumer     -       -  
Total     18     $ 14,862  

 

(1) Generally, a loan is considered in default when principal or interest is past due 30 days or more.
Financing Receivable Credit Quality Indicators [Table Text Block]

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

 

(Dollars in thousands)   Pass/Performing     Special mention     Substandard     Doubtful     Nonaccrual     Total  
September 30, 2012                                                
Construction   $ 43,334     $ 31,359     $ 22,553     $ -     $ 11,475     $ 108,721  
Residential real estate     246,805       24,191       16,580       433       14,440       302,449  
Commercial real estate     254,339       30,873       24,689       -       11,916       321,817  
 Commercial     54,488       3,870       1,556       60       1,557       61,531  
 Consumer     13,252       120       86       -       54       13,512  
Total   $ 612,218     $ 90,413     $ 65,464     $ 493     $ 39,442     $ 808,030  

 

 

(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 September 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     Nonaccrual     Total  
September 30, 2012                                                        
Construction   $ 96,156     $ 1,090     $ -     $ -     $ 1,090     $ 11,475     $ 108,721  
Residential real estate     281,610       4,274       1,113       1,012       6,399       14,440       302,449  
Commercial real estate     303,008       971       2,371       3,551       6,893       11,916       321,817  
Commercial     59,756       69       82       67       218       1,557       61,531  
Consumer     13,228       174       11       45       230       54       13,512  
Total   $ 753,758     $ 6,578     $ 3,577     $ 4,675     $ 14,830     $ 39,442     $ 808,030  
Percent of total loans     93.3 %     0.8 %     0.4 %     0.6 %     1.8 %     4.9 %        

 

   

    Accruing              
(Dollars in thousands)   Current     30-59 days past due     60-89 days past due     90 days or more past due     Total past due     Nonaccrual     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 September 30, 2012 and 2011.

 

(Dollars in thousands)   Construction     Residential real estate     Commercial real estate     Commercial     Consumer     Unallocated     Total  
For the three months ended
September 30, 2012		                                                        
Allowance for credit losses:                                                        
Beginning balance   $ 2,845     $ 4,237     $ 3,952     $ 1,063     $ 485     $ 408     $ 12,990  
                                                 
Charge-offs     (3,222 )     (2,323 )     (742 )     (73 )     (31 )     -       (6,391 )
Recoveries     5       5       116       22       8       -       156  
Net charge-offs     (3,217 )     (2,318 )     (626 )     (51 )     (23 )     -       (6,235 )
                                                         
Provision     3,699       2,268       275       524       (158 )     (408 )     6,200  
Ending balance   $ 3,327     $ 4,187     $ 3,601     $ 1,536     $ 304     $ -   $ 12,955  

 

 

 

(Dollars in thousands)   Construction     Residential real estate     Commercial real estate     Commercial     Consumer     Unallocated     Total  
For the three months ended
September 30, 2011		                                                        
Allowance for credit losses:                                                        
Beginning balance   $ 3,533     $ 4,184     $ 5,251     $ 2,710     $ 605     $ 75     $ 16,358  
                                                         
Charge-offs     (1,005 )     (2,859 )     (1,385 )     (1,519 )     (33 )     -       (6,801 )
Recoveries     -       38       229       47       19       -       333  
Net charge-offs     (1,005 )     (2,821 )     (1,156 )     (1,472 )     (14 )      -       (6,468 )
                                                         
Provision     870       2,679       (404 )     315       19       171       3,650  
Ending balance   $ 3,398     $ 4,042     $ 3,691     $ 1,553     $ 610     $ 246     $ 13,540  

 

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

 

(Dollars in thousands)   Construction     Residential real estate     Commercial real estate     Commercial     Consumer     Unallocated     Total  
For the nine months ended
September 30, 2012		                                                        
Allowance for credit losses:                                                        
Beginning balance   $ 3,745     $ 5,014     $ 3,415     $ 1,498     $ 594     $ 22     $ 14,288  
                                                         
Charge-offs     (5,008 )     (7,996 )     (2,177 )     (4,513 )     (208 )     -       (19,902 )
Recoveries     5       99       123       230       17       -       474  
Net charge-offs     (5,003 )     (7,897 )     (2,054 )     (4,283 )     (191 )     -       (19,428 )
                                                         
Provision     4,585       7,070       2,240       4,321       (99 )     (22 )     18,095  
Ending balance   $ 3,327     $ 4,187     $ 3,601     $ 1,536     $ 304     $ -   $ 12,955  

 

  

(Dollars in thousands)   Construction     Residential real estate     Commercial real estate     Commercial     Consumer     Unallocated     Total  
For the nine months ended
September 30, 2011		                                                        
Allowance for credit losses:                                                        
Beginning balance   $ 3,327     $ 4,833     $ 3,665     $ 1,422     $ 637     $ 343     $ 14,227  
                                                         
Charge-offs     (2,419 )     (7,340 )     (3,878 )     (3,290 )     (148 )     -       (17,075 )
Recoveries     49       106       234       504       60       -       953  
Net charge-offs     (2,370 )     (7,234 )     (3,644 )     (2,786 )     (88 )     -       (16,122 )
                                                         
Provision     2,441       6,443       3,670       2,917       61       (97 )     15,435  
Ending balance   $ 3,398     $ 4,042     $ 3,691     $ 1,553     $ 610     $ 246     $ 13,540  
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 September 30, 2012 and 2011.

 

(Dollars in thousands)   Construction     Residential real estate     Commercial real estate     Commercial     Consumer     Unallocated     Total  
September 30, 2012                                                        
Loans individually evaluated for impairment   $ 39,954     $ 19,671     $ 28,902     $ 1,646     $ 54     $ -     $ 90,227  
Loans collectively evaluated for impairment     68,767       282,778       292,915       59,885       13,458       -       717,803  
Total loans   $ 108,721     $ 302,449     $ 321,817     $ 61,531     $ 13,512     $ -     $ 808,030  
                                                         
Allowance for credit losses allocated to:                                                        
Loans individually evaluated for impairment   $ 19     $ -     $ -     $ -     $ -     $ -     $ 19  
Loans collectively evaluated for impairment     3,308       4,187       3,601       1,536       304       -     12,936  
Total allowance for credit losses   $ 3,327     $ 4,187     $ 3,601     $ 1,536     $ 304     $ -   $ 12,955  

 

 

 

(Dollars in thousands)   Construction     Residential real estate     Commercial real estate     Commercial     Consumer     Unallocated     Total  
September 30, 2011                                                        
Loans individually evaluated for impairment   $ 27,426     $ 19,944     $ 23,410     $ 1,690     $ 40     $ -     $ 72,510  
Loans collectively evaluated for impairment     99,593       307,811       298,134       69,792       14,726       -       790,056  
Total loans   $ 127,019     $ 327,755     $ 321,544     $ 71,482     $ 14,766     $ -     $ 862,566  
                                                         
Allowance for credit losses allocated to:                                                        
Loans individually evaluated for impairment   $ -     $ 90     $ -     $ -     $ -     $ -     $ 90  
Loans collectively evaluated for impairment     3,398       3,952       3,691       1,553       610       246       13,450  
Total allowance for credit losses   $ 3,398     $ 4,042     $ 3,691     $ 1,553     $ 610     $ 246     $ 13,540