XML 39 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
LOANS (Tables)
9 Months Ended
Sep. 30, 2014
LOANS  
Schedule of loans

 

 

 

September 30, 2014

 

December 31, 2013

 

(In thousands)

 

Business
Activities Loans

 

Acquired
Loans

 

Total

 

Business
Activities Loans

 

Acquired
Loans

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgages:

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family

 

$

1,136,351

 

$

284,966

 

$

1,421,317

 

$

1,027,737

 

$

333,367

 

$

1,361,104

 

Construction

 

23,512

 

1,032

 

24,544

 

18,158

 

5,012

 

23,170

 

Total residential mortgages

 

1,159,863

 

285,998

 

1,445,861

 

1,045,895

 

338,379

 

1,384,274

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

152,060

 

6,601

 

158,661

 

125,247

 

13,770

 

139,017

 

Single and multi-family

 

122,239

 

58,143

 

180,382

 

63,493

 

64,827

 

128,320

 

Other commercial real estate

 

1,032,612

 

223,745

 

1,256,357

 

871,271

 

278,512

 

1,149,783

 

Total commercial real estate

 

1,306,911

 

288,489

 

1,595,400

 

1,060,011

 

357,109

 

1,417,120

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset based lending

 

341,584

 

 

341,584

 

294,241

 

3,130

 

297,371

 

Other commercial and industrial loans

 

338,454

 

52,922

 

391,376

 

323,196

 

66,726

 

389,922

 

Total commercial and industrial loans

 

680,038

 

52,922

 

732,960

 

617,437

 

69,856

 

687,293

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total commercial loans

 

1,986,949

 

341,411

 

2,328,360

 

1,677,448

 

426,965

 

2,104,413

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

248,500

 

67,593

 

316,093

 

232,677

 

74,154

 

306,831

 

Auto and other

 

338,436

 

124,032

 

462,468

 

213,171

 

171,834

 

385,005

 

Total consumer loans

 

586,936

 

191,625

 

778,561

 

445,848

 

245,988

 

691,836

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans

 

$

3,733,748

 

$

819,034

 

$

4,552,782

 

$

3,169,191

 

$

1,011,332

 

$

4,180,523

 

Schedule of activity in the accretable yield for the acquired loan portfolio that falls under the purview of ASC 310-30, Accounting for Certain Loans or Debt Securities Acquired in a Transfer

 

 

 

Three Months Ended September 30,

 

(In thousands)

 

2014

 

2013

 

Balance at beginning of period

 

$

2,440

 

$

3,328

 

Sales

 

 

 

Change in accretable difference based on re-estimation of cash flows

 

1,214

 

2,125

 

Accretion

 

(458

)

(1,547

)

Balance at end of period

 

$

3,196

 

$

3,906

 

 

 

 

Nine months ended September 30,

 

(In thousands)

 

2014

 

2013

 

Balance at beginning of period

 

$

2,559

 

$

8,247

 

Acquisitions

 

 

 

Sales

 

 

(301

)

Change in accretable difference based on re-estimation of cash flows

 

2,644

 

2,125

 

Accretion

 

(2,007

)

(6,165

)

Balance at end of period

 

$

3,196

 

$

3,906

 

Summary of past due loans

Business Activities Loans

(in thousands)

 

30-59 Days
Past Due

 

60-89 Days
Past Due

 

Greater
Than 90
Days Past
Due

 

Total Past
Due

 

Current

 

Total Loans

 

Past Due >
90 days and
Accruing

 

September 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgages:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family

 

$

2,290

 

$

347

 

$

4,720

 

$

7,357

 

$

1,128,994

 

$

1,136,351

 

$

1,524

 

Construction

 

 

 

 

 

23,512

 

23,512

 

 

Total

 

2,290

 

347

 

4,720

 

7,357

 

1,152,506

 

1,159,863

 

1,524

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

 

 

621

 

621

 

151,439

 

152,060

 

 

Single and multi-family

 

201

 

160

 

668

 

1,029

 

121,210

 

122,239

 

121

 

Other commercial real estate

 

2,610

 

340

 

10,084

 

13,034

 

1,019,578

 

1,032,612

 

867

 

Total

 

2,811

 

500

 

11,373

 

14,684

 

1,292,227

 

1,306,911

 

988

 

Commercial and industrial loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset based lending

 

 

661

 

 

661

 

340,923

 

341,584

 

 

Other commercial and industrial loans

 

390

 

180

 

1,190

 

1,760

 

336,694

 

338,454

 

6

 

Total

 

390

 

841

 

1,190

 

2,421

 

677,617

 

680,038

 

6

 

Consumer loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

431

 

81

 

1,821

 

2,333

 

246,167

 

248,500

 

424

 

Auto and other

 

707

 

75

 

364

 

1,146

 

337,290

 

338,436

 

27

 

Total

 

1,138

 

156

 

2,185

 

3,479

 

583,457

 

586,936

 

451

 

Total

 

$

6,629

 

$

1,844

 

$

19,468

 

$

27,941

 

$

3,705,807

 

$

3,733,748

 

$

2,969

 

 

Business Activities Loans

 

(in thousands)

 

30-59 Days
Past Due

 

60-89 Days
Past Due

 

Greater
Than 90
Days Past
Due

 

Total Past
Due

 

Current

 

Total Loans

 

Past Due >
90 days and
Accruing

 

December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgages:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family

 

$

2,500

 

$

623

 

$

7,382

 

$

10,505

 

$

1,017,232

 

$

1,027,737

 

$

1,451

 

Construction

 

 

 

41

 

41

 

18,117

 

18,158

 

 

Total

 

2,500

 

623

 

7,423

 

10,546

 

1,035,349

 

1,045,895

 

1,451

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

174

 

 

3,176

 

3,350

 

121,897

 

125,247

 

 

Single and multi-family

 

139

 

654

 

679

 

1,472

 

62,021

 

63,493

 

168

 

Other commercial real estate

 

622

 

4,801

 

6,912

 

12,335

 

858,936

 

871,271

 

865

 

Total

 

935

 

5,455

 

10,767

 

17,157

 

1,042,854

 

1,060,011

 

1,033

 

Commercial and industrial loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset based lending

 

 

 

 

 

294,241

 

294,241

 

 

Other commercial and industrial loans

 

1,136

 

386

 

1,477

 

2,999

 

320,197

 

323,196

 

42

 

Total

 

1,136

 

386

 

1,477

 

2,999

 

614,438

 

617,437

 

42

 

Consumer loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

732

 

54

 

1,655

 

2,441

 

230,236

 

232,677

 

572

 

Auto and other

 

524

 

231

 

390

 

1,145

 

212,026

 

213,171

 

142

 

Total

 

1,256

 

285

 

2,045

 

3,586

 

442,262

 

445,848

 

714

 

Total

 

$

5,827

 

$

6,749

 

$

21,712

 

$

34,288

 

$

3,134,903

 

$

3,169,191

 

$

3,240

 

 

Acquired Loans

 

(in thousands)

 

30-59 Days
Past Due

 

60-89 Days
Past Due

 

Greater
Than 90
Days Past
Due

 

Total Past
Due

 

Current

 

Total Loans

 

Past Due >
90 days and
Accruing

 

September 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgages:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family

 

$

1,047

 

$

301

 

$

2,576

 

$

3,924

 

$

281,042

 

$

284,966

 

$

962

 

Construction

 

 

 

 

 

1,032

 

1,032

 

 

Total

 

1,047

 

301

 

2,576

 

3,924

 

282,074

 

285,998

 

962

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

686

 

 

806

 

1,492

 

5,109

 

6,601

 

806

 

Single and multi-family

 

728

 

267

 

579

 

1,574

 

56,569

 

58,143

 

508

 

Other commercial real estate

 

88

 

122

 

1,736

 

1,946

 

221,799

 

223,745

 

 

Total

 

1,502

 

389

 

3,121

 

5,012

 

283,477

 

288,489

 

1,314

 

Commercial and industrial loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset based lending

 

 

 

 

 

 

 

 

Other commercial and industrial loans

 

142

 

97

 

1,199

 

1,438

 

51,484

 

52,922

 

158

 

Total

 

142

 

97

 

1,199

 

1,438

 

51,484

 

52,922

 

158

 

Consumer loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

466

 

204

 

583

 

1,253

 

66,340

 

67,593

 

98

 

Auto and other

 

1,593

 

148

 

1,507

 

3,248

 

120,784

 

124,032

 

66

 

Total

 

2,059

 

352

 

2,090

 

4,501

 

187,124

 

191,625

 

164

 

Total

 

$

4,750

 

$

1,139

 

$

8,986

 

$

14,875

 

$

804,159

 

$

819,034

 

$

2,598

 

 

Acquired Loans

 

(in thousands)

 

30-59 Days
Past Due

 

60-89 Days
Past Due

 

Greater
Than 90
Days Past
Due

 

Total Past
Due

 

Current

 

Total Loans

 

Past Due >
90 days and
Accruing

 

December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgages:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family

 

$

1,891

 

$

437

 

$

2,577

 

$

4,905

 

$

328,462

 

$

333,367

 

$

805

 

Construction

 

134

 

32

 

625

 

791

 

4,221

 

5,012

 

501

 

Total

 

2,025

 

469

 

3,202

 

5,696

 

332,683

 

338,379

 

1,306

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

 

 

805

 

805

 

12,965

 

13,770

 

805

 

Single and multi-family

 

350

 

188

 

1,335

 

1,873

 

62,954

 

64,827

 

512

 

Other commercial real estate

 

537

 

518

 

6,108

 

7,163

 

271,349

 

278,512

 

2,925

 

Total

 

887

 

706

 

8,248

 

9,841

 

347,268

 

357,109

 

4,242

 

Commercial and industrial loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset based lending

 

 

 

 

 

3,130

 

3,130

 

 

Other commercial and industrial loans

 

440

 

135

 

1,239

 

1,814

 

64,912

 

66,726

 

318

 

Total

 

440

 

135

 

1,239

 

1,814

 

68,042

 

69,856

 

318

 

Consumer loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

425

 

545

 

636

 

1,606

 

72,548

 

74,154

 

35

 

Auto and other

 

2,606

 

641

 

1,641

 

4,888

 

166,946

 

171,834

 

82

 

Total

 

3,031

 

1,186

 

2,277

 

6,494

 

239,494

 

245,988

 

117

 

Total

 

$

6,383

 

$

2,496

 

$

14,966

 

$

23,845

 

$

987,487

 

$

1,011,332

 

$

5,983

 

Summary of information pertaining to non-accrual loans

 

 

 

September 30, 2014

 

December 31, 2013

 

(In thousands)

 

Business
Activities Loans

 

Acquired
Loans

 

Total

 

Business
Activities Loans

 

Acquired
Loans

 

Total

 

Residential mortgages:

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family

 

$

3,196

 

$

1,614

 

$

4,810

 

$

5,931

 

$

1,772

 

$

7,703

 

Construction

 

 

 

 

41

 

123

 

164

 

Total

 

3,196

 

1,614

 

4,810

 

5,972

 

1,895

 

7,867

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

621

 

 

621

 

3,176

 

 

3,176

 

Single and multi-family

 

547

 

71

 

618

 

511

 

823

 

1,334

 

Other commercial real estate

 

9,217

 

1,736

 

10,953

 

6,047

 

3,183

 

9,230

 

Total

 

10,385

 

1,807

 

12,192

 

9,734

 

4,006

 

13,740

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

Other commercial and industrial loans

 

1,184

 

1,041

 

2,225

 

1,434

 

921

 

2,355

 

Total

 

1,184

 

1,041

 

2,225

 

1,434

 

921

 

2,355

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

1,397

 

485

 

1,882

 

1,083

 

602

 

1,685

 

Auto and other

 

337

 

1,441

 

1,778

 

249

 

1,559

 

1,808

 

Total

 

1,734

 

1,926

 

3,660

 

1,332

 

2,161

 

3,493

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total non-accrual loans

 

$

16,499

 

$

6,388

 

$

22,887

 

$

18,472

 

$

8,983

 

$

27,455

 

Schedule of loans evaluated for impairment

Business Activities Loans

 

(In thousands)

 

Residential
mortgages

 

Commercial
real estate

 

Commercial and
industrial loans

 

Consumer

 

Total

 

September 30, 2014

 

 

 

 

 

 

 

 

 

 

 

Loans receivable:

 

 

 

 

 

 

 

 

 

 

 

Balance at end of period

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

 

$

3,808

 

$

22,018

 

$

1,113

 

$

749

 

$

27,688

 

Collectively evaluated

 

1,156,055

 

1,284,893

 

678,925

 

586,187

 

3,706,060

 

Total

 

$

1,159,863

 

$

1,306,911

 

$

680,038

 

$

586,936

 

$

3,733,748

 

 

Business Activities Loans

 

(In thousands)

 

Residential
mortgages

 

Commercial
real estate

 

Commercial and
industrial loans

 

Consumer

 

Total

 

December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

Loans receivable:

 

 

 

 

 

 

 

 

 

 

 

Balance at end of year

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

 

$

6,237

 

$

22,429

 

$

1,380

 

$

515

 

$

30,561

 

Collectively evaluated for impairment

 

1,039,658

 

1,037,582

 

616,057

 

445,333

 

3,138,630

 

Total

 

$

1,045,895

 

$

1,060,011

 

$

617,437

 

$

445,848

 

$

3,169,191

 

 

Acquired Loans

 

(In thousands)

 

Residential
mortgages

 

Commercial
real estate

 

Commercial and
industrial loans

 

Consumer

 

Total

 

September 30, 2014

 

 

 

 

 

 

 

 

 

 

 

Loans receivable:

 

 

 

 

 

 

 

 

 

 

 

Balance at end of Period

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

 

$

934

 

$

4,625

 

$

60

 

$

184

 

$

5,803

 

Collectively evaluated

 

285,064

 

283,864

 

52,862

 

191,441

 

813,231

 

Total

 

$

285,998

 

$

288,489

 

$

52,922

 

$

191,625

 

$

819,034

 

 

Acquired Loans

 

(In thousands)

 

Residential
mortgages

 

Commercial
real estate

 

Commercial and
industrial loans

 

Consumer

 

Total

 

December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

Loans receivable:

 

 

 

 

 

 

 

 

 

 

 

Balance at end of year

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

 

$

1,568

 

$

6,295

 

$

367

 

$

154

 

$

8,384

 

Collectively evaluated for impairment

 

336,811

 

350,814

 

69,489

 

245,834

 

1,002,948

 

Total

 

$

338,379

 

$

357,109

 

$

69,856

 

$

245,988

 

$

1,011,332

 

Summary of impaired loans

Business Activities Loans

 

 

 

At September 30, 2014

 

(In thousands)

 

Recorded Investment

 

Unpaid Principal
Balance

 

Related Allowance

 

With no related allowance:

 

 

 

 

 

 

 

Residential mortgages - 1-4 family

 

$

3,453

 

$

3,453

 

$

 

Other commercial real estate loans

 

15,047

 

15,047

 

 

Commercial real esate - construction

 

621

 

621

 

 

Other commercial and industrial loans

 

552

 

552

 

 

Consumer - home equity

 

630

 

630

 

 

Consumer - other

 

119

 

119

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

Residential mortgages - 1-4 family

 

$

325

 

$

355

 

$

30

 

Other commercial real estate loans

 

3,941

 

6,350

 

2,409

 

Other commercial and industrial loans

 

249

 

561

 

312

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

Residential mortgages

 

$

3,778

 

$

3,808

 

$

30

 

Commercial real estate

 

19,609

 

22,018

 

2,409

 

Commercial and industrial loans

 

801

 

1,113

 

312

 

Consumer

 

749

 

749

 

 

Total impaired loans

 

$

24,937

 

$

27,688

 

$

2,751

 

 

Acquired Loans

 

 

 

At September 30, 2014

 

(In thousands)

 

Recorded Investment

 

Unpaid Principal
Balance

 

Related Allowance

 

With no related allowance:

 

 

 

 

 

 

 

Residential mortgages - 1-4 family

 

$

934

 

$

934

 

$

 

Other commercial real estate loans

 

4,625

 

4,625

 

 

Other commercial and industrial loans

 

60

 

60

 

 

Consumer - home equity

 

184

 

184

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

Residential mortgages - 1-4 family

 

$

 

$

 

$

 

Other commercial real estate loans

 

 

 

 

Other commercial and industrial loans

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

Residential mortgages

 

$

934

 

$

934

 

$

 

Commercial real estate

 

4,625

 

4,625

 

 

Commercial and industrial loans

 

60

 

60

 

 

Consumer

 

184

 

184

 

 

Total impaired loans

 

$

5,803

 

$

5,803

 

$

 

 

 

Business Activities Loans

 

 

 

At December 31, 2013

 

(In thousands)

 

Recorded Investment

 

Unpaid Principal
Balance

 

Related Allowance

 

With no related allowance:

 

 

 

 

 

 

 

Residential mortgages - 1-4 family

 

$

3,406

 

$

3,406

 

$

 

Commercial real estate - construction

 

3,176

 

3,176

 

 

Commercial real estate - single and multifamily

 

 

 

 

Other commercial real estate loans

 

18,909

 

18,909

 

 

Other commercial and industrial loans

 

811

 

811

 

 

Consumer - home equity

 

270

 

270

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

Residential mortgages - 1-4 family

 

$

1,926

 

$

2,831

 

$

905

 

Commercial real estate - construction

 

 

 

 

Commercial real estate - single and multifamily

 

 

 

 

Other commercial real estate loans

 

125

 

344

 

219

 

Other commercial and industrial loans

 

514

 

569

 

55

 

Consumer - home equity

 

142

 

245

 

103

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

Residential mortgages

 

$

5,332

 

$

6,237

 

$

905

 

Commercial real estate

 

22,210

 

22,429

 

219

 

Commercial and industrial loans

 

1,325

 

1,380

 

55

 

Consumer

 

412

 

515

 

103

 

Total impaired loans

 

$

29,279

 

$

30,561

 

$

1,282

 

 

Acquired Loans

 

 

 

At December 31, 2013

 

(In thousands)

 

Recorded Investment

 

Unpaid Principal
Balance

 

Related Allowance

 

With no related allowance:

 

 

 

 

 

 

 

Residential mortgages - 1-4 family

 

$

381

 

$

381

 

$

 

Other commercial real estate loans

 

3,853

 

3,853

 

 

Other commercial and industrial loans

 

367

 

367

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

Residential mortgages - 1-4 family

 

$

957

 

$

1,187

 

$

230

 

Other commercial real estate loans

 

1,954

 

2,442

 

488

 

Consumer - home equity

 

115

 

154

 

39

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

Residential mortgages

 

$

1,338

 

$

1,568

 

$

230

 

Other commercial real estate loans

 

5,807

 

6,295

 

488

 

Other commercial and industrial loans

 

367

 

367

 

 

Consumer - home equity

 

115

 

154

 

39

 

Total impaired loans

 

$

7,627

 

$

8,384

 

$

757

 

Summary of the average recorded investment and interest income recognized on impaired loans

Business Activities Loans

 

 

Nine Months Ended September 30, 2014

 

Nine Months Ended September 30, 2013

 

(in thousands)

 

Average Recorded
Investment

 

Cash Basis Interest
Income Recognized

 

Average Recorded
Investment

 

Cash Basis Interest
Income Recognized

 

With no related allowance:

 

 

 

 

 

 

 

 

 

Residential mortgages - 1-4 family

 

$

4,342

 

$

140

 

$

4,873

 

$

64

 

Commercial real estate - construction

 

16,765

 

470

 

2,332

 

25

 

Other commercial real estate loans

 

2,117

 

 

23,538

 

547

 

Commercial and industrial loans

 

1,582

 

60

 

1,182

 

34

 

Consumer - home equity

 

411

 

9

 

1,145

 

8

 

Consumer - other

 

122

 

3

 

130

 

2

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

Residential mortgages - 1-4 family

 

$

396

 

$

3

 

$

1,569

 

$

9

 

Commercial real estate - construction

 

3,776

 

30

 

1,938

 

 

Other commercial real estate loans

 

593

 

4

 

86

 

 

Commercial and industrial loans

 

 

 

759

 

 

Consumer - home equity

 

 

 

55

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

Residential mortgages

 

$

4,738

 

$

143

 

$

6,442

 

$

73

 

Commercial real estate

 

23,251

 

504

 

27,894

 

572

 

Commercial and industrial loans

 

1,582

 

60

 

1,941

 

34

 

Consumer loans

 

533

 

12

 

1,330

 

10

 

Total impaired loans

 

$

30,104

 

$

719

 

$

37,607

 

$

689

 

 

Acquired Loans

 

 

 

Nine Months Ended September 30, 2014

 

Nine Months Ended September 30, 2013

 

(in thousands)

 

Average Recorded
Investment

 

Cash Basis Interest
Income Recognized

 

Average Recorded
Investment

 

Cash Basis Interest
Income Recognized

 

With no related allowance:

 

 

 

 

 

 

 

 

 

Residential mortgages - 1-4 family

 

$

1,046

 

$

8

 

$

410

 

$

3

 

Other commercial real estate loans

 

5,575

 

146

 

3,035

 

53

 

Commercial and industrial loans

 

457

 

13

 

182

 

 

Consumer - home equity

 

55

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

Residential mortgages - 1-4 family

 

$

164

 

$

4

 

$

566

 

$

3

 

Other commercial real estate loans

 

 

 

1,163

 

6

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

Residential mortgages

 

$

1,210

 

$

12

 

$

976

 

$

6

 

Other commercial real estate loans

 

5,575

 

146

 

4,198

 

59

 

Commercial and industrial loans

 

457

 

13

 

182

 

 

Consumer loans

 

55

 

 

 

 

Total impaired loans

 

$

7,297

 

$

171

 

$

5,356

 

$

65

 

Schedule of recorded investment and number of modifications for TDRs identified during the period

 

 

 

Modifications by Class

 

 

 

Three months ending September 30, 2014

 

(Dollars in thousands)

 

Number of
Modifications

 

Pre-Modification
Outstanding Recorded
Investment

 

Post-Modification
Outstanding Recorded
Investment

 

Troubled Debt Restructurings

 

 

 

 

 

 

 

Residential - 1-4 Family

 

2

 

$

231

 

$

232

 

Commercial - Single and multifamily

 

 

 

 

Commercial - Other

 

1

 

1,596

 

1,596

 

 

 

3

 

$

1,827

 

$

1,828

 

 

 

 

 

 

 

 

 

 

 

Modifications by Class

 

 

 

Nine months ending September 30, 2014

 

(Dollars in thousands)

 

Number of
Modifications

 

Pre-Modification
Outstanding Recorded
Investment

 

Post-Modification
Outstanding Recorded
Investment

 

Troubled Debt Restructurings

 

 

 

 

 

 

 

Residential - 1-4 Family

 

5

 

$

600

 

$

598

 

Commercial - Single and multifamily

 

1

 

623

 

623

 

Commercial - Other

 

7

 

6,400

 

6,400

 

 

 

13

 

$

7,623

 

$

7,621

 

 

 

 

 

 

 

 

 

 

 

Modifications by Class

 

 

 

Nine months ending September 30, 2013

 

(Dollars in thousands)

 

Number of
Modifications

 

Pre-Modification
Outstanding Recorded
Investment

 

Post-Modification
Outstanding Recorded
Investment

 

Troubled Debt Restructurings

 

 

 

 

 

 

 

Residential - 1-4 Family

 

5

 

$

941

 

$

941

 

Residential - Construction

 

1

 

320

 

320

 

Commercial - Single and multifamily

 

2

 

2,366

 

2,406

 

Commercial - Other

 

10

 

3,882

 

3,450

 

Commercial business - Other

 

4

 

100

 

100

 

 

 

22

 

$

7,609

 

$

7,217

 

 

 

 

 

 

Modifications that Subsequently Defaulted

 

 

 

Three months ending September 30, 2014

 

 

 

Number of Contracts

 

Recorded Investment

 

Troubled Debt Restructurings

 

 

 

 

 

Commercial and industrial - Other

 

 

$

 

 

 

 

 

 

 

 

 

Modifications that Subsequently Defaulted

 

 

 

Nine months ending September 30, 2014

 

 

 

Number of Contracts

 

Recorded Investment

 

Troubled Debt Restructurings

 

 

 

 

 

Commercial and industrial - Other

 

2

 

$

158

 

 

 

 

 

 

 

 

 

Modifications that Subsequently Defaulted

 

 

 

Three months ending September 30, 2013

 

 

 

Number of Contracts

 

Recorded Investment

 

Troubled Debt Restructurings

 

 

 

 

 

Commercial - Single and multifamily

 

1

 

$

37

 

Commercial - Other

 

5

 

929

 

Commercial and industrial - Other

 

1

 

 

 

 

7

 

$

966

 

 

 

 

 

 

 

 

 

Modifications that Subsequently Defaulted

 

 

 

Nine months ending September 30, 2013

 

 

 

Number of Contracts

 

Recorded Investment

 

Troubled Debt Restructurings

 

 

 

 

 

Commercial - Single and multifamily

 

5

 

$

261

 

Commercial - Other

 

5

 

929

 

Commercial and industrial - Other

 

1

 

 

 

 

11

 

$

1,190

 

Schedule of TDR activity

 

 

 

Three months ending

 

 

 

September 30,

 

(In thousands)

 

2014

 

2013

 

Balance at beginning of the period

 

$

15,113

 

$

10,160

 

Principal Payments

 

(339

)

(55

)

TDR Status Change (1)

 

(245

)

 

Other Reductions (2)

 

 

156

 

Newly Identified TDRs

 

1,828

 

 

Balance at end of the period

 

$

16,357

 

$

10,261

 

 

 

 

 

 

 

 

 

Nine months ending

 

 

 

September 30,

 

(In thousands)

 

2014

 

2013

 

Balance at beginning of the period

 

$

10,822

 

$

4,626

 

Principal Payments

 

(1,299

)

(92

)

TDR Status Change (1)

 

(886

)

(1,164

)

Other Reductions (2)

 

99

 

(326

)

Newly Identified TDRs

 

7,621

 

7,217

 

Balance at end of the period

 

$

16,357

 

$

10,261

 

 

(1)     TDR Status change classification represents TDR loans with a specified interest rate equal to or greater than the rate that the Company was willing to accept at the time of the restructuring for a new loan with comparable risk and the loan was on current payment status and not impaired based on the terms specified by the restructuring agreement.

(2)     Other Reductions classification consists of transfer to other real estate owned and charge-offs and advances to loans.