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Allowance for Loan Losses (Tables)
9 Months Ended
Sep. 30, 2013
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

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

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