Schedule of activity in the allowance for loan losses |
Business Activities Loans
(In thousands) |
|
Residential
mortgages |
|
Commercial
real estate |
|
Commercial and
industrial loans |
|
Consumer |
|
Unallocated |
|
Total |
|
September 30, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period |
|
$ |
6,937 |
|
$ |
13,705 |
|
$ |
5,173 |
|
$ |
3,644 |
|
$ |
68 |
|
$ |
29,527 |
|
Charged-off loans |
|
1,253 |
|
2,327 |
|
2,007 |
|
806 |
|
— |
|
6,393 |
|
Recoveries on charged-off loans |
|
118 |
|
8 |
|
87 |
|
229 |
|
— |
|
442 |
|
Provision for loan losses |
|
(224 |
) |
4,966 |
|
1,534 |
|
2,278 |
|
(26 |
) |
8,528 |
|
Balance at end of period |
|
$ |
5,578 |
|
$ |
16,352 |
|
$ |
4,787 |
|
$ |
5,345 |
|
$ |
42 |
|
$ |
32,104 |
|
Individually evaluated for impairment |
|
30 |
|
2,409 |
|
312 |
|
— |
|
— |
|
2,751 |
|
Collectively evaluated |
|
5,548 |
|
13,943 |
|
4,475 |
|
5,345 |
|
42 |
|
29,353 |
|
Total |
|
$ |
5,578 |
|
$ |
16,352 |
|
$ |
4,787 |
|
$ |
5,345 |
|
$ |
42 |
|
$ |
32,104 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business Activities Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
|
Residential
mortgages |
|
Commercial
real estate |
|
Commercial and
industrial loans |
|
Consumer |
|
Unallocated |
|
Total |
|
September 30, 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period |
|
$ |
5,928 |
|
$ |
18,863 |
|
$ |
5,605 |
|
$ |
1,466 |
|
$ |
29 |
|
$ |
31,891 |
|
Charged-off loans |
|
1,180 |
|
3,293 |
|
1,631 |
|
815 |
|
— |
|
6,919 |
|
Recoveries on charged-off loans |
|
153 |
|
500 |
|
87 |
|
180 |
|
— |
|
920 |
|
Provision for loan losses |
|
1,827 |
|
779 |
|
1,472 |
|
2,309 |
|
(339 |
) |
6,048 |
|
Balance at end of period |
|
$ |
6,728 |
|
$ |
16,849 |
|
$ |
5,533 |
|
$ |
3,140 |
|
$ |
(310 |
) |
$ |
31,940 |
|
Individually evaluated for impairment |
|
697 |
|
783 |
|
441 |
|
21 |
|
— |
|
1,942 |
|
Collectively evaluated |
|
6,031 |
|
16,066 |
|
5,092 |
|
3,119 |
|
(310 |
) |
29,998 |
|
Total |
|
$ |
6,728 |
|
$ |
16,849 |
|
$ |
5,533 |
|
$ |
3,140 |
|
$ |
(310 |
) |
$ |
31,940 |
|
Acquired Loans
(In thousands) |
|
Residential
mortgages |
|
Commercial
real estate |
|
Commercial and
industrial loans |
|
Consumer |
|
Unallocated |
|
Total |
|
September 30, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period |
|
$ |
625 |
|
$ |
2,339 |
|
$ |
597 |
|
$ |
235 |
|
$ |
— |
|
$ |
3,796 |
|
Charged-off loans |
|
1,087 |
|
1,287 |
|
422 |
|
1,004 |
|
— |
|
3,800 |
|
Recoveries on charged-off loans |
|
171 |
|
1 |
|
101 |
|
51 |
|
— |
|
324 |
|
Provision for loan losses |
|
818 |
|
5 |
|
725 |
|
994 |
|
— |
|
2,542 |
|
Balance at end of period |
|
$ |
527 |
|
$ |
1,058 |
|
$ |
1,001 |
|
$ |
276 |
|
$ |
— |
|
$ |
2,862 |
|
Individually evaluated for impairment |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
Collectively evaluated |
|
527 |
|
1,058 |
|
1,001 |
|
276 |
|
— |
|
2,862 |
|
Total |
|
$ |
527 |
|
$ |
1,058 |
|
$ |
1,001 |
|
$ |
276 |
|
$ |
— |
|
$ |
2,862 |
|
Acquired Loans
(In thousands) |
|
Residential
mortgages |
|
Commercial
real estate |
|
Commercial and
industrial loans |
|
Consumer |
|
Unallocated |
|
Total |
|
September 30, 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period |
|
$ |
509 |
|
$ |
390 |
|
$ |
96 |
|
$ |
314 |
|
$ |
8 |
|
$ |
1,317 |
|
Charged-off loans |
|
437 |
|
933 |
|
200 |
|
886 |
|
— |
|
2,456 |
|
Recoveries on charged-off loans |
|
1 |
|
11 |
|
80 |
|
125 |
|
— |
|
217 |
|
Provision for loan losses |
|
360 |
|
806 |
|
430 |
|
705 |
|
(71 |
) |
2,230 |
|
Balance at end of period |
|
$ |
433 |
|
$ |
274 |
|
$ |
406 |
|
$ |
258 |
|
$ |
(63 |
) |
$ |
1,308 |
|
Individually evaluated for impairment |
|
233 |
|
374 |
|
— |
|
— |
|
— |
|
607 |
|
Collectively evaluated |
|
200 |
|
(100 |
) |
406 |
|
258 |
|
(63 |
) |
701 |
|
Total |
|
$ |
433 |
|
$ |
274 |
|
$ |
406 |
|
$ |
258 |
|
$ |
(63 |
) |
$ |
1,308 |
| |
Schedule of loans by risk rating |
Business Activities Loans
Residential Mortgages
Credit Risk Profile by Internally Assigned Grade
|
|
1-4 family |
|
Construction |
|
Total residential mortgages |
|
(In thousands) |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Grade: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
1,131,284 |
|
$ |
1,019,732 |
|
$ |
23,512 |
|
$ |
18,117 |
|
$ |
1,154,796 |
|
$ |
1,037,849 |
|
Special mention |
|
347 |
|
623 |
|
— |
|
— |
|
347 |
|
623 |
|
Substandard |
|
4,720 |
|
7,382 |
|
— |
|
41 |
|
4,720 |
|
7,423 |
|
Total |
|
$ |
1,136,351 |
|
$ |
1,027,737 |
|
$ |
23,512 |
|
$ |
18,158 |
|
$ |
1,159,863 |
|
$ |
1,045,895 |
|
Commercial Real Estate
Credit Risk Profile by Creditworthiness Category
|
|
Construction |
|
Single and multi-family |
|
Other |
|
Total commercial real estate |
|
(In thousands) |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Grade: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
149,266 |
|
$ |
120,071 |
|
$ |
119,092 |
|
$ |
59,636 |
|
$ |
964,548 |
|
$ |
800,672 |
|
$ |
1,232,906 |
|
$ |
980,379 |
|
Special mention |
|
— |
|
— |
|
— |
|
140 |
|
3,068 |
|
8,150 |
|
3,068 |
|
8,290 |
|
Substandard |
|
2,794 |
|
5,176 |
|
3,147 |
|
3,717 |
|
64,923 |
|
61,807 |
|
70,864 |
|
70,700 |
|
Doubtful |
|
— |
|
— |
|
— |
|
— |
|
73 |
|
642 |
|
73 |
|
642 |
|
Total |
|
$ |
152,060 |
|
$ |
125,247 |
|
$ |
122,239 |
|
$ |
63,493 |
|
$ |
1,032,612 |
|
$ |
871,271 |
|
$ |
1,306,911 |
|
$ |
1,060,011 |
|
Commercial and Industrial Loans
Credit Risk Profile by Creditworthiness Category
|
|
Asset based lending |
|
Other |
|
Total comm. and industrial loans |
|
(In thousands) |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Grade: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
341,584 |
|
$ |
294,241 |
|
$ |
329,989 |
|
$ |
313,984 |
|
$ |
671,573 |
|
$ |
608,225 |
|
Special mention |
|
— |
|
— |
|
950 |
|
884 |
|
950 |
|
884 |
|
Substandard |
|
— |
|
— |
|
7,515 |
|
7,725 |
|
7,515 |
|
7,725 |
|
Doubtful |
|
— |
|
— |
|
— |
|
603 |
|
— |
|
603 |
|
Total |
|
$ |
341,584 |
|
$ |
294,241 |
|
$ |
338,454 |
|
$ |
323,196 |
|
$ |
680,038 |
|
$ |
617,437 |
|
Consumer Loans
Credit Risk Profile Based on Payment Activity
|
|
Home equity |
|
Auto and other |
|
Total consumer loans |
|
(In thousands) |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Performing |
|
$ |
247,103 |
|
$ |
231,594 |
|
$ |
338,099 |
|
$ |
212,922 |
|
$ |
585,202 |
|
$ |
444,516 |
|
Nonperforming |
|
1,397 |
|
1,083 |
|
337 |
|
249 |
|
1,734 |
|
1,332 |
|
Total |
|
$ |
248,500 |
|
$ |
232,677 |
|
$ |
338,436 |
|
$ |
213,171 |
|
$ |
586,936 |
|
$ |
445,848 |
|
Acquired Loans
Residential Mortgages
Credit Risk Profile by Internally Assigned Grade
|
|
1-4 family |
|
Construction |
|
Total residential mortgages |
|
(In thousands) |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Grade: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
282,089 |
|
$ |
330,353 |
|
$ |
1,032 |
|
$ |
1,081 |
|
$ |
283,121 |
|
$ |
331,434 |
|
Special mention |
|
301 |
|
437 |
|
— |
|
— |
|
301 |
|
437 |
|
Substandard |
|
2,576 |
|
2,577 |
|
— |
|
3,931 |
|
2,576 |
|
6,508 |
|
Total |
|
$ |
284,966 |
|
$ |
333,367 |
|
$ |
1,032 |
|
$ |
5,012 |
|
$ |
285,998 |
|
$ |
338,379 |
|
Commercial Real Estate
Credit Risk Profile by Creditworthiness Category
|
|
Construction |
|
Single and multi-family |
|
Other |
|
Total commercial real estate |
|
(In thousands) |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Grade: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
4,357 |
|
$ |
7,154 |
|
$ |
45,213 |
|
$ |
46,961 |
|
$ |
205,393 |
|
$ |
254,787 |
|
$ |
254,963 |
|
$ |
308,902 |
|
Special mention |
|
— |
|
— |
|
625 |
|
4,799 |
|
5,650 |
|
9,034 |
|
6,275 |
|
13,833 |
|
Substandard |
|
2,244 |
|
6,616 |
|
12,305 |
|
13,067 |
|
12,702 |
|
14,691 |
|
27,251 |
|
34,374 |
|
Total |
|
$ |
6,601 |
|
$ |
13,770 |
|
$ |
58,143 |
|
$ |
64,827 |
|
$ |
223,745 |
|
$ |
278,512 |
|
$ |
288,489 |
|
$ |
357,109 |
|
Commercial and Industrial Loans
Credit Risk Profile by Creditworthiness Category
|
|
Asset based lending |
|
Other |
|
Total comm. and industrial loans |
|
(In thousands) |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Grade: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
— |
|
$ |
3,130 |
|
$ |
46,508 |
|
$ |
59,615 |
|
$ |
46,508 |
|
$ |
62,745 |
|
Special mention |
|
— |
|
— |
|
1,981 |
|
2,396 |
|
1,981 |
|
2,396 |
|
Substandard |
|
— |
|
— |
|
4,433 |
|
4,715 |
|
4,433 |
|
4,715 |
|
Total |
|
$ |
— |
|
$ |
3,130 |
|
$ |
52,922 |
|
$ |
66,726 |
|
$ |
52,922 |
|
$ |
69,856 |
|
Consumer Loans
Credit Risk Profile Based on Payment Activity
|
|
Home equity |
|
Auto and other |
|
Total consumer loans |
|
(In thousands) |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Sept. 30,
2014 |
|
Dec. 31,
2013 |
|
Performing |
|
$ |
67,108 |
|
$ |
73,552 |
|
$ |
122,591 |
|
$ |
170,275 |
|
$ |
189,699 |
|
$ |
243,827 |
|
Nonperforming |
|
485 |
|
602 |
|
1,441 |
|
1,559 |
|
1,926 |
|
2,161 |
|
Total |
|
$ |
67,593 |
|
$ |
74,154 |
|
$ |
124,032 |
|
$ |
171,834 |
|
$ |
191,625 |
|
$ |
245,988 |
| |