Allowance for Loan Losses (Tables)
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9 Months Ended |
Sep. 30, 2013
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Allowance for Loan Losses [Line Items] |
|
Schedule of changes in allowance for loan losses |
The following table details the balance in the allowance for loan losses disaggregated on the basis of the Company’s impairment method for the three and nine months ended September 30, 2012 and as of December 31, 2012: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial and industrial | | Owner- occupied commercial real estate | | Non-owner occupied commercial real estate | | One-to-four family residential | | Real estate construction and land development: one-to-four family residential | | Real estate construction and land development: five or more family residential and commercial properties | | Consumer | | Unallocated | | Total | | (In thousands) | Allowance for loan losses for the three months ended September 30, 2012: | | | | | | | | | | | | | | | | | | June 30, 2012 | $ | 10,733 |
| | $ | 3,493 |
| | $ | 4,432 |
| | $ | 1,148 |
| | $ | 3,820 |
| | $ | 3,352 |
| | $ | 1,577 |
| | $ | 928 |
| | $ | 29,483 |
| Charge-offs | (323 | ) | | (40 | ) | | — |
| | (94 | ) | | — |
| | — |
| | (289 | ) | | — |
| | (746 | ) | Recoveries | 57 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 6 |
| | — |
| | 63 |
| Provision for / (Reallocation of) loan losses | (6 | ) | | 585 |
| | 806 |
| | 137 |
| | (374 | ) | | (553 | ) | | 357 |
| | (145 | ) | | 807 |
| September 30, 2012 | $ | 10,461 |
| | $ | 4,038 |
| | $ | 5,238 |
| | $ | 1,191 |
| | $ | 3,446 |
| | $ | 2,799 |
| | $ | 1,651 |
| | $ | 783 |
| | $ | 29,607 |
| Allowance for loan losses for the nine months ended September 30, 2012: | | | | | | | | | | | | | | | | | | December 31, 2011 | $ | 11,805 |
| | $ | 2,979 |
| | $ | 4,394 |
| | $ | 794 |
| | $ | 4,823 |
| | $ | 3,800 |
| | $ | 1,410 |
| | $ | 910 |
| | $ | 30,915 |
| Charge-offs | (1,223 | ) | | (1,040 | ) | | (292 | ) | | (212 | ) | | (475 | ) | | (445 | ) | | (622 | ) | | — |
| | (4,309 | ) | Recoveries | 1,514 |
| | 8 |
| | 11 |
| | — |
| | 125 |
| | — |
| | 26 |
| | — |
| | 1,684 |
| Provision for / (Reallocation of) loan losses | (1,635 | ) | | 2,091 |
| | 1,125 |
| | 609 |
| | (1,027 | ) | | (556 | ) | | 837 |
| | (127 | ) | | 1,317 |
| September 30, 2012 | $ | 10,461 |
| | $ | 4,038 |
| | $ | 5,238 |
| | $ | 1,191 |
| | $ | 3,446 |
| | $ | 2,799 |
| | $ | 1,651 |
| | $ | 783 |
| | $ | 29,607 |
| Allowance for loan losses as of December 31, 2012 allocated to: | | | | | | | | | | | | | | | | | | Originated loans individually evaluated for impairment | $ | 858 |
| | $ | 509 |
| | $ | 1,386 |
| | $ | 46 |
| | $ | 792 |
| | $ | 658 |
| | $ | 110 |
| | $ | — |
| | $ | 4,359 |
| Originated loans collectively evaluated for impairment | 5,372 |
| | 2,054 |
| | 2,375 |
| | 591 |
| | 1,339 |
| | 1,527 |
| | 638 |
| | 870 |
| | 14,766 |
| Purchased other covered loans individually evaluated for impairment | 4 |
| | — |
| | — |
| | 44 |
| | — |
| | — |
| | 33 |
| | — |
| | 81 |
| Purchased other covered loans collectively evaluated for impairment | 38 |
| | 29 |
| | — |
| | 23 |
| | — |
| | — |
| | 4 |
| | — |
| | 94 |
| Purchased other non-covered loans individually evaluated for impairment | 10 |
| | 7 |
| | 18 |
| | 61 |
| | — |
| | — |
| | 124 |
| | — |
| | 220 |
| Purchased other non-covered loans collectively evaluated for impairment | 30 |
| | 40 |
| | 16 |
| | 5 |
| | — |
| | — |
| | 14 |
| | — |
| | 105 |
| Purchased impaired covered loans collectively evaluated for impairment | 1,034 |
| | 989 |
| | 1,164 |
| | 210 |
| | 639 |
| | — |
| | 141 |
| | — |
| | 4,177 |
| Purchased impaired non-covered loans collectively evaluated for impairment | 2,566 |
| | 393 |
| | 410 |
| | 241 |
| | 361 |
| | 124 |
| | 697 |
| | — |
| | 4,792 |
| December 31, 2012 | $ | 9,912 |
| | $ | 4,021 |
| | $ | 5,369 |
| | $ | 1,221 |
| | $ | 3,131 |
| | $ | 2,309 |
| | $ | 1,761 |
| | $ | 870 |
| | $ | 28,594 |
|
The following table details activity in the allowance for loan losses disaggregated on the basis of the Company’s impairment method as of and for the three and nine months ended September 30, 2013: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial and industrial | | Owner- occupied commercial real estate | | Non-owner occupied commercial real estate | | One-to-four family residential | | Real estate construction and land development: one-to-four family residential | | Real estate construction and land development: five or more family residential and commercial properties | | Consumer | | Unallocated | | Total | | (In thousands) | Allowance for loan losses for the three months ended September 30, 2013: | | | | | | | | | | | | | | | | | | June 30, 2013 | $ | 12,178 |
| | $ | 3,725 |
| | $ | 6,287 |
| | $ | 1,098 |
| | $ | 2,207 |
| | $ | 639 |
| | $ | 1,418 |
| | $ | 828 |
| | $ | 28,380 |
| Charge-offs | (140 | ) | | (189 | ) | | — |
| | — |
| | (423 | ) | | — |
| | (42 | ) | | — |
| | (794 | ) | Recoveries | 19 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 72 |
| | — |
| | 91 |
| Provision for / (Reallocation of) loan losses | 1,387 |
| | 345 |
| | (31 | ) | | 5 |
| | (291 | ) | | (19 | ) | | 64 |
| | (382 | ) | | 1,078 |
| September 30, 2013 | $ | 13,444 |
| | $ | 3,881 |
| | $ | 6,256 |
| | $ | 1,103 |
| | $ | 1,493 |
| | $ | 620 |
| | $ | 1,512 |
| | $ | 446 |
| | $ | 28,755 |
| Allowance for loan losses for the nine months ended September 30, 2013: | | | | | | | | | | | | | | | | | | December 31, 2012 | $ | 9,912 |
| | $ | 4,021 |
| | $ | 5,369 |
| | $ | 1,221 |
| | $ | 3,131 |
| | $ | 2,309 |
| | $ | 1,761 |
| | $ | 870 |
| | $ | 28,594 |
| Charge-offs | (2,318 | ) | | (189 | ) | | — |
| | (52 | ) | | (423 | ) | | (142 | ) | | (396 | ) | | — |
| | (3,520 | ) | Recoveries | 164 |
| | 155 |
| | — |
| | — |
| | — |
| | 32 |
| | 86 |
| | — |
| | 437 |
| Provisions for / (Reallocation of) loan losses | 5,686 |
| | (106 | ) | | 887 |
| | (66 | ) | | (1,215 | ) | | (1,579 | ) | | 61 |
| | (424 | ) | | 3,244 |
| September 30, 2013 | $ | 13,444 |
| | $ | 3,881 |
| | $ | 6,256 |
| | $ | 1,103 |
| | $ | 1,493 |
| | $ | 620 |
| | $ | 1,512 |
| | $ | 446 |
| | $ | 28,755 |
| Allowance for loan losses as of September 30, 2013 allocated to: | | | | | | | | | | | | | | | | | | Originated loans individually evaluated for impairment | $ | 2,345 |
| | $ | 501 |
| | $ | 1,307 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 39 |
| | $ | — |
| | $ | 4,192 |
| Originated loans collectively evaluated for impairment | 6,342 |
| | 1,940 |
| | 2,399 |
| | 573 |
| | 379 |
| | 530 |
| | 556 |
| | 446 |
| | 13,165 |
| Purchased other covered loans individually evaluated for impairment | 268 |
| | — |
| | — |
| | 35 |
| | — |
| | — |
| | — |
| | — |
| | 303 |
| Purchased other covered loans collectively evaluated for impairment | 11 |
| | 17 |
| | 24 |
| | 9 |
| | — |
| | — |
| | 40 |
| | — |
| | 101 |
| Purchased other non-covered loans individually evaluated for impairment | 1,061 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 3 |
| | — |
| | 1,064 |
| Purchased other non-covered loans collectively evaluated for impairment | 79 |
| | 51 |
| | 44 |
| | 6 |
| | — |
| | — |
| | 119 |
| | — |
| | 299 |
| Purchased impaired covered loans collectively evaluated for impairment | 1,134 |
| | 1,039 |
| | 2,140 |
| | 272 |
| | 846 |
| | — |
| | 137 |
| | — |
| | 5,568 |
| Purchased impaired non-covered loans collectively evaluated for impairment | 2,204 |
| | 333 |
| | 342 |
| | 208 |
| | 268 |
| | 90 |
| | 618 |
| | — |
| | 4,063 |
| September 30, 2013 | $ | 13,444 |
| | $ | 3,881 |
| | $ | 6,256 |
| | $ | 1,103 |
| | $ | 1,493 |
| | $ | 620 |
| | $ | 1,512 |
| | $ | 446 |
| | $ | 28,755 |
|
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Schedule of loan receivables on the basis of impairment method |
The following table details the recorded investment balance of the loan receivables disaggregated on the basis of the Company’s impairment method as of September 30, 2013: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial and industrial | | Owner- occupied commercial real estate | | Non-owner occupied commercial real estate | | One-to-four family residential | | Real estate construction and land development: one-to-four family residential | | Real estate construction and land development: five or more family residential and commercial properties | | Consumer | | Total | | (In thousands) | Originated loans individually evaluated for impairment | $ | 12,026 |
| | $ | 2,496 |
| | $ | 6,757 |
| | $ | 837 |
| | $ | 4,810 |
| | $ | 2,385 |
| | $ | 39 |
| | $ | 29,350 |
| Originated loans collectively evaluated for impairment | 280,880 |
| | 194,925 |
| | 340,634 |
| | 39,065 |
| | 15,244 |
| | 36,319 |
| | 27,990 |
| | 935,057 |
| Purchased other covered loans individually evaluated for impairment | 3,539 |
| | — |
| | — |
| | 455 |
| | — |
| | — |
| | 7 |
| | 4,001 |
| Purchased other covered loans collectively evaluated for impairment | 2,697 |
| | 13,625 |
| | 2,451 |
| | 802 |
| | — |
| | — |
| | 1,920 |
| | 21,495 |
| Purchased other non-covered loans individually evaluated for impairment | 2,127 |
| | 158 |
| | 1,405 |
| | — |
| | — |
| | — |
| | 3 |
| | 3,693 |
| Purchased other non-covered loans collectively evaluated for impairment | 38,086 |
| | 61,438 |
| | 44,094 |
| | 7,679 |
| | — |
| | 2,155 |
| | 8,835 |
| | 162,287 |
| Purchased impaired covered loans collectively evaluated for impairment | 11,769 |
| | 12,099 |
| | 12,450 |
| | 3,540 |
| | 1,895 |
| | — |
| | 2,207 |
| | 43,960 |
| Purchased impaired non-covered loans collectively evaluated for impairment | 16,992 |
| | 6,696 |
| | 5,928 |
| | 4,119 |
| | 339 |
| | 1,682 |
| | 3,753 |
| | 39,509 |
| Total gross loans receivable as of September 30, 2013 | $ | 368,116 |
| | $ | 291,437 |
| | $ | 413,719 |
| | $ | 56,497 |
| | $ | 22,288 |
| | $ | 42,541 |
| | $ | 44,754 |
| | $ | 1,239,352 |
|
The following table details the recorded investment balance of the loan receivables disaggregated on the basis of the Company’s impairment method for the year ended December 31, 2012:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial and industrial | | Owner- occupied commercial real estate | | Non-owner occupied commercial real estate | | One-to-four family residential | | Real estate construction and land development: one-to-four family residential | | Real estate construction and land development: five or more family residential and commercial properties | | Consumer | | Total | | (In thousands) | Originated loans individually evaluated for impairment | $ | 10,440 |
| | $ | 2,051 |
| | $ | 7,257 |
| | $ | 811 |
| | $ | 3,424 |
| | $ | 3,357 |
| | $ | 157 |
| | $ | 27,497 |
| Originated loans collectively evaluated for impairment | 266,800 |
| | 186,443 |
| | 258,578 |
| | 38,037 |
| | 21,751 |
| | 48,718 |
| | 28,757 |
| | 849,084 |
| Purchased other covered loans individually evaluated for impairment | 51 |
| | — |
| | — |
| | 466 |
| | — |
| | — |
| | 38 |
| | 555 |
| Purchased other covered loans collectively evaluated for impairment | 7,232 |
| | 18,347 |
| | 384 |
| | 857 |
| | — |
| | — |
| | 1,911 |
| | 28,731 |
| Purchased other non-covered loans individually evaluated for impairment | 385 |
| | 139 |
| | 973 |
| | 61 |
| | — |
| | — |
| | 125 |
| | 1,683 |
| Purchased other non-covered loans collectively evaluated for impairment | 4,313 |
| | 7,924 |
| | 3,456 |
| | — |
| | — |
| | — |
| | 4,691 |
| | 20,384 |
| Purchased impaired covered loans collectively evaluated for impairment | 18,498 |
| | 16,449 |
| | 12,644 |
| | 3,704 |
| | 4,433 |
| | — |
| | 3,316 |
| | 59,044 |
| Purchased impaired non-covered loans collectively evaluated for impairment | 20,065 |
| | 5,148 |
| | 6,590 |
| | 2,979 |
| | 513 |
| | 864 |
| | 5,897 |
| | 42,056 |
| Total gross loans receivable as of December 31, 2012 | $ | 327,784 |
| | $ | 236,501 |
| | $ | 289,882 |
| | $ | 46,915 |
| | $ | 30,121 |
| | $ | 52,939 |
| | $ | 44,892 |
| | $ | 1,029,034 |
|
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Originated Loans [Member]
|
|
Allowance for Loan Losses [Line Items] |
|
Schedule of changes in allowance for loan losses |
A summary of the changes in the originated loans’ allowance for loan losses for the three and nine months ended September 30, 2013 and 2012 are as follows:
| | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2013 | | 2012 | | 2013 | | 2012 | | (In thousands) | Balance at the beginning of period | $ | 17,822 |
| | $ | 20,843 |
| | $ | 19,125 |
| | $ | 22,317 |
| Charge-offs | (706 | ) | | (588 | ) | | (3,195 | ) | | (3,883 | ) | Recoveries of loans previously charged-off | 91 |
| | 63 |
| | 437 |
| | 1,684 |
| Provision for loan losses | 150 |
| | 215 |
| | 990 |
| | 415 |
| Balance at the end of period | $ | 17,357 |
| | $ | 20,533 |
| | $ | 17,357 |
| | $ | 20,533 |
|
|
Purchased Loans [Member]
|
|
Allowance for Loan Losses [Line Items] |
|
Schedule of changes in allowance for loan losses |
A summary of the changes in the purchased covered loans’ allowance for loan losses for the three and nine months ended September 30, 2013 and 2012 are as follows:
| | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2013 | | 2012 | | 2013 | | 2012 | | (In thousands) | Balance at the beginning of period | $ | 5,769 |
| | $ | 3,973 |
| | $ | 4,352 |
| | $ | 3,963 |
| Charge-offs | — |
| | — |
| | (40 | ) | | (33 | ) | Provision for loan losses | 203 |
| | 164 |
| | 1,660 |
| | 207 |
| Balance at the end of period | $ | 5,972 |
| | $ | 4,137 |
| | $ | 5,972 |
| | $ | 4,137 |
|
A summary of the changes in the purchased noncovered loans’ allowance for loan losses for the three and nine months ended September 30, 2013 and 2012 are as follows:
| | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2013 | | 2012 | | 2013 | | 2012 | | (In thousands) | Balance at the beginning of period | $ | 4,789 |
| | $ | 4,667 |
| | $ | 5,117 |
| | $ | 4,635 |
| Charge-offs | (88 | ) | | (158 | ) | | (285 | ) | | (393 | ) | Provision for loan losses | 725 |
| | 428 |
| | 594 |
| | 695 |
| Balance at the end of period | $ | 5,426 |
| | $ | 4,937 |
| | $ | 5,426 |
| | $ | 4,937 |
|
|