Loans and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2012

Loans and Allowance for Loan Losses [Abstract]

Components of loan portfolio disaggregated by class of loan and percentage change in total loans

											Percent
	December 31, 2012					December 31, 2011					Increase
	Balance		%			Balance		%			(Decrease)
Commercial:
Commercial and industrial	$	285,322,000		27.4	%	$	266,548,000		24.8	%		7.0	%
Vacant land, land development, and residential construction		48,099,000		4.6			63,467,000		5.9			(24.2	)
Real estate – owner occupied		259,277,000		24.9			264,426,000		24.7			(1.9	)
Real estate – non-owner occupied		324,886,000		31.2			334,165,000		31.2			(2.8	)
Real estate – multi-family and residential rental		50,922,000		4.9			68,299,000		6.4			(25.4	)
Total commercial		968,506,000		93.0			996,905,000		93.0			(2.8	)
Retail:
Home equity and other		38,917,000		3.7			42,336,000		3.9			(8.1	)
1-4 family mortgages		33,766,000		3.3			33,181,000		3.1			1.8
Total retail		72,683,000		7.0			75,517,000		7.0			(3.8	)
Total loans	$	1,041,189,000		100.0	%	$	1,072,422,000		100.0	%		(2.9	)%

Concentrations within the loan portfolio

	2012					2011
	Balance		Percentage of Loan Portfolio			Balance		Percentage of Loan Portfolio
Commercial real estate loans to lessors of non-residential buildings	$	302,723,000		29.1	%	$	320,536,000		29.9	%

Nonperforming loans

	2012		2011
Loans past due 90 days or more still accruing interest	$	0	$	0
Nonaccrual loans, including troubled debt restructurings		18,970,000		45,074,000
Troubled debt restructurings, accruing interest		0		0
Total nonperforming loans	$	18,970,000	$	45,074,000

Recorded principal balance of nonaccrual loans, including troubled debt restructurings

	December 31,		December 31,
	2012		2011
Commercial:
Commercial and industrial	$	1,677,000	$	5,916,000
Vacant land, land development, and residential construction		2,194,000		3,448,000
Real estate – owner occupied		2,087,000		6,635,000
Real estate – non-owner occupied		9,010,000		24,169,000
Real estate – multi-family and residential rental		2,021,000		2,532,000
Total commercial		16,989,000		42,700,000
Retail:
Home equity and other		889,000		1,013,000
1-4 family mortgages		1,092,000		1,361,000
Total retail		1,981,000		2,374,000
Total nonaccrual loans	$	18,970,000	$	45,074,000

Age analysis of past due loans

	30 – 59 Days Past Due		60 – 89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due		Current		Total Loans		Recorded Balance > 89 Days and Accruing
Commercial:
Commercial and industrial	$	80,000	$	0	$	871,000	$	951,000	$	284,371,000	$	285,322,000	$	0
Vacant land, land development, and residential construction		289,000		0		614,000		903,000		47,196,000		48,099,000		0
Real estate – owner occupied		199,000		0		1,337,000		1,536,000		257,741,000		259,277,000		0
Real estate – non-owner occupied		303,000		0		1,123,000		1,426,000		323,460,000		324,886,000		0
Real estate – multi-family and residential rental		0		0		613,000		613,000		50,309,000		50,922,000		0
Total commercial		871,000		0		4,558,000		5,429,000		963,077,000		968,506,000		0
Retail:
Home equity and other		1,000		0		13,000		14,000		38,903,000		38,917,000		0
1- 4 family mortgages		47,000		190,000		437,000		674,000		33,092,000		33,766,000		0
Total retail		48,000		190,000		450,000		688,000		71,995,000		72,683,000		0
Total past due loans	$	919,000	$	190,000	$	5,008,000	$	6,117,000	$	1,035,072,000	$	1,041,189,000	$	0

	30 – 59 Days Past Due		60 – 89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due		Current		Total Loans		Recorded Balance > 89 Days and Accruing
Commercial:
Commercial and industrial	$	0	$	2,037,000	$	2,284,000	$	4,321,000	$	262,227,000	$	266,548,000	$	0
Vacant land, land development, and residential construction		0		145,000		2,448,000		2,593,000		60,874,000		63,467,000		0
Real estate – owner occupied		85,000		786,000		2,836,000		3,707,000		260,719,000		264,426,000		0
Real estate – non-owner occupied		456,000		728,000		9,837,000		11,021,000		323,144,000		334,165,000		0
Real estate – multi-family and residential rental		42,000		443,000		957,000		1,442,000		66,857,000		68,299,000		0
Total commercial		583,000		4,139,000		18,362,000		23,084,000		973,821,000		996,905,000		0
Retail:
Home equity and other		46,000		0		242,000		288,000		42,048,000		42,336,000		0
1- 4 family mortgages		274,000		133,000		445,000		852,000		32,329,000		33,181,000		0
Total retail		320,000		133,000		687,000		1,140,000		74,377,000		75,517,000		0
Total past due loans	$	903,000	$	4,272,000	$	19,049,000	$	24,224,000	$	1,048,198,000	$	1,072,422,000	$	0

Impaired loans

	Unpaid Contractual Principal Balance		Recorded Principal Balance		Related Allowance	Year-To-Date Average Recorded Principal Balance
With no related allowance recorded:
Commercial:
Commercial and industrial	$	1,926,000	$	1,617,000		$	3,140,000
Vacant land, land development and residential construction		2,356,000		1,401,000			1,848,000
Real estate – owner occupied		2,368,000		1,557,000			3,139,000
Real estate – non-owner occupied		9,984,000		5,492,000			6,578,000
Real estate – multi-family and residential rental		1,188,000		413,000			756,000
Total commercial		17,822,000		10,480,000			15,461,000
Retail:
Home equity and other		580,000		483,000			579,000
1-4 family mortgages		1,636,000		789,000			730,000
Total retail		2,216,000		1,272,000			1,309,000
Total with no related allowance recorded	$	20,038,000	$	11,752,000		$	16,770,000

	Unpaid Contractual Principal Balance		Recorded Principal Balance		Related Allowance		Year-To-Date Average Recorded Principal Balance
With an allowance recorded:
Commercial:
Commercial and industrial	$	3,221,000	$	1,926,000	$	924,000	$	3,110,000
Vacant land, land development and residential construction		2,333,000		2,219,000		1,367,000		3,267,000
Real estate – owner occupied		4,307,000		3,626,000		1,388,000		4,913,000
Real estate – non-owner occupied		33,818,000		32,964,000		11,773,000		25,061,000
Real estate – multi-family and residential rental		4,471,000		3,923,000		1,408,000		7,429,000
Total commercial		48,150,000		44,658,000		16,860,000		43,780,000
Retail:
Home equity and other		423,000		394,000		204,000		286,000
1-4 family mortgages		555,000		475,000		125,000		482,000
Total retail		978,000		869,000		329,000		768,000
Total with an allowance recorded	$	49,128,000	$	45,527,000	$	17,189,000	$	44,548,000
Total impaired loans:
Commercial	$	65,972,000	$	55,138,000	$	16,860,000	$	59,241,000
Retail		3,194,000		2,141,000		329,000		2,077,000
Total impaired loans	$	69,166,000	$	57,279,000	$	17,189,000	$	61,318,000

	Unpaid Contractual Principal Balance		Recorded Principal Balance		Related Allowance	Year-To-Date Average Recorded Principal Balance
With no related allowance recorded:
Commercial:
Commercial and industrial	$	4,670,000	$	4,254,000		$	3,194,000
Vacant land, land development and residential construction		5,308,000		2,755,000			6,413,000
Real estate – owner occupied		5,525,000		3,572,000			4,246,000
Real estate – non-owner occupied		14,017,000		8,131,000			11,953,000
Real estate – multi-family and residential rental		1,309,000		671,000			862,000
Total commercial		30,829,000		19,383,000			26,668,000
Retail:
Home equity and other		1,000,000		727,000			439,000
1-4 family mortgages		1,300,000		729,000			433,000
Total retail		2,300,000		1,456,000			872,000
Total with no related allowance recorded	$	33,129,000	$	20,839,000		$	27,540,000

	Unpaid Contractual Principal Balance		Recorded Principal Balance		Related Allowance		Year-To-Date Average Recorded Principal Balance
With an allowance recorded:
Commercial:
Commercial and industrial	$	3,500,000	$	3,023,000	$	1,172,000	$	4,972,000
Vacant land, land development and residential construction		5,551,000		4,267,000		1,799,000		4,319,000
Real estate – owner occupied		8,544,000		7,039,000		2,180,000		6,648,000
Real estate – non-owner occupied		32,331,000		22,009,000		7,319,000		14,942,000
Real estate – multi-family and residential rental		13,913,000		13,172,000		6,175,000		8,322,000
Total commercial		63,839,000		49,510,000		18,645,000		39,203,000
Retail:
Home equity and other		286,000		229,000		215,000		1,069,000
1-4 family mortgages		517,000		400,000		136,000		655,000
Total retail		803,000		629,000		351,000		1,724,000
Total with an allowance recorded	$	64,642,000	$	50,139,000	$	18,996,000	$	40,927,000
Total impaired loans:
Commercial	$	94,668,000	$	68,893,000	$	18,645,000	$	65,871,000
Retail		3,103,000		2,085,000		351,000		2,596,000
Total impaired loans	$	97,771,000	$	70,978,000	$	18,996,000	$	68,467,000

Loans by credit quality indicators

	Commercial and Industrial		Commercial Vacant Land, Land Development, and Residential Construction		Commercial Real Estate - Owner Occupied		Commercial Real Estate - Non-Owner Occupied		Commercial Real Estate - Multi-Family and Residential Rental
Internal credit risk grade groupings:
Grades 1 – 4	$	180,314,000	$	6,526,000	$	150,467,000	$	154,127,000	$	24,015,000
Grades 5 – 7		101,832,000		37,697,000		102,988,000		128,041,000		22,082,000
Grades 8 – 9		3,176,000		3,876,000		5,822,000		42,718,000		4,825,000
Total commercial	$	285,322,000	$	48,099,000	$	259,277,000	$	324,886,000	$	50,922,000

Retail credit exposure – credit risk profiled by collateral type:

	Retail Home Equity and Other		Retail 1-4 Family Mortgages
Total retail	$	38,917,000	$	33,766,000

	Commercial and Industrial		Commercial Vacant Land, Land Development, and Residential Construction		Commercial Real Estate - Owner Occupied		Commercial Real Estate - Non-Owner Occupied		Commercial Real Estate - Multi-Family and Residential Rental
Internal credit risk grade groupings:
Grades 1 – 4	$	169,231,000	$	9,539,000	$	143,075,000	$	123,048,000	$	27,245,000
Grades 5 – 7		89,463,000		46,454,000		110,413,000		164,049,000		26,278,000
Grades 8 – 9		7,854,000		7,474,000		10,938,000		47,068,000		14,776,000
Total commercial	$	266,548,000	$	63,467,000	$	264,426,000	$	334,165,000	$	68,299,000

Retail credit exposure – credit risk profiled by collateral type:

	Retail Home Equity and Other		Retail 1-4 Family Mortgages
Total retail	$	42,336,000	$	33,181,000

Activity in allowance for loan losses and the recorded investments in loans

	Commercial Loans			Retail Loans			Unallocated			Total
Allowance for loan losses:
Beginning balance	$	33,431,000		$	3,019,000		$	82,000		$	36,532,000
Provision for loan losses		(2,800,000	)		(207,000	)		(93,000	)		(3,100,000	)
Charge-offs		(12,075,000	)		(569,000	)		0			(12,644,000	)
Recoveries		7,487,000			402,000			0			7,889,000
Ending balance	$	26,043,000		$	2,645,000		$	(11,000	)	$	28,677,000
Ending balance: individually evaluated for impairment	$	16,860,000		$	329,000		$	0		$	17,189,000
Ending balance: collectively evaluated for impairment	$	9,183,000		$	2,316,000		$	(11,000	)	$	11,488,000
Total loans:
Ending balance	$	968,506,000		$	72,683,000					$	1,041,189,000
Ending balance: individually evaluated for impairment	$	55,138,000		$	2,141,000					$	57,279,000
Ending balance: collectively evaluated for impairment	$	913,368,000		$	70,542,000					$	983,910,000

	Commercial Loans			Retail Loans			Unallocated		Total
Allowance for loan losses:
Beginning balance	$	42,359,000		$	2,972,000		$	37,000	$	45,368,000
Provision for loan losses		4,125,000			2,730,000			45,000		6,900,000
Charge-offs		(16,978,000	)		(2,919,000	)		0		(19,897,000	)
Recoveries		3,925,000			236,000			0		4,161,000
Ending balance	$	33,431,000		$	3,019,000		$	82,000	$	36,532,000
Ending balance: individually evaluated for impairment	$	18,645,000		$	351,000		$	0	$	18,996,000
Ending balance: collectively evaluated for impairment	$	14,786,000		$	2,668,000		$	82,000	$	17,536,000
Total loans:
Ending balance	$	996,905,000		$	75,517,000				$	1,072,422,000
Ending balance: individually evaluated for impairment	$	68,893,000		$	2,085,000				$	70,978,000
Ending balance: collectively evaluated for impairment	$	928,012,000		$	73,432,000				$	1,001,444,000

	Commercial Loans			Retail Loans			Unallocated		Total
Allowance for loan losses:
Beginning balance	$	46,603,000		$	1,256,000		$	19,000	$	47,878,000
Provision for loan losses		29,030,000			2,752,000			18,000		31,800,000
Charge-offs		(35,968,000	)		(1,160,000	)		0		(37,128,000	)
Recoveries		2,694,000			124,000			0		2,818,000
Ending balance	$	42,359,000		$	2,972,000		$	37,000	$	45,368,000
Ending balance: individually evaluated for impairment	$	8,504,000		$	1,198,000		$	0	$	9,702,000
Ending balance: collectively evaluated for impairment	$	33,855,000		$	1,774,000		$	37,000	$	35,666,000
Total loans:
Ending balance	$	1,175,970,000		$	86,660,000				$	1,262,630,000
Ending balance: individually evaluated for impairment	$	62,849,000		$	3,107,000				$	65,956,000
Ending balance: collectively evaluated for impairment	$	1,113,121,000		$	83,553,000				$	1,196,674,000

Loans modified as troubled debt restructurings

	Number of Contracts		Pre- Modification Recorded Principal Balance		Post- Modification Recorded Principal Balance
Commercial:
Commercial and industrial		8	$	1,357,000	$	1,353,000
Vacant land, land development and residential construction		0		0		0
Real estate – owner occupied		6		1,745,000		1,744,000
Real estate – non-owner occupied		15		28,987,000		28,987,000
Real estate – multi-family and residential rental		0		0		0
Total commercial		29		32,089,000		32,084,000
Retail:
Home equity and other		0		0		0
1-4 family mortgages		0		0		0
Total retail		0		0		0
Total		29	$	32,089,000	$	32,084,000

	Number of Contracts		Pre- Modification Recorded Principal Balance		Post- Modification Recorded Principal Balance
Commercial:
Commercial and industrial		26	$	4,942,000	$	4,936,000
Vacant land, land development and residential construction		13		5,543,000		5,542,000
Real estate – owner occupied		11		6,727,000		6,220,000
Real estate – non-owner occupied		16		8,921,000		8,918,000
Real estate – multi-family and residential rental		23		4,002,000		3,842,000
Total commercial		89		30,135,000		29,458,000
Retail:
Home equity and other		0		0		0
1-4 family mortgages		1		165,000		165,000
Total retail		1		165,000		165,000
Total		90	$	30,300,000	$	29,623,000

Loans, modified as troubled debt restructurings within the previous twelve months, that became over 30 days past due

	Number of Contracts		Recorded Principal Balance
Commercial:
Commercial and industrial		0	$	0
Vacant land, land development and residential construction		0		0
Real estate – owner occupied		0		0
Real estate – non-owner occupied		0		0
Real estate – multi-family and residential rental		0		0
Total commercial		0		0
Retail:
Home equity and other		0		0
1-4 family mortgages		0		0
Total retail		0		0
Total		0	$	0

	Number of Contracts		Recorded Principal Balance
Commercial:
Commercial and industrial		5	$	1,347,000
Vacant land, land development and residential construction		2		297,000
Real estate – owner occupied		1		69,000
Real estate – non-owner occupied		5		1,506,000
Real estate – multi-family and residential rental		10		490,000
Total commercial		23		3,709,000
Retail:
Home equity and other		0		0
1-4 family mortgages		0		0
Total retail		0		0
Total		23	$	3,709,000