XML 38 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
LOAN LOSS ALLOWANCE (Tables)
9 Months Ended
Sep. 30, 2014
LOAN LOSS ALLOWANCE  
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

 

Summary of information about total loans rated special mention or lower

 

 

 

September 30, 2014

 

December 31, 2013

 

(In thousands)

 

Business
Activities Loans

 

Acquired Loans

 

Total

 

Business
Activities Loans

 

Acquired Loans

 

Total

 

Non-Accrual

 

$

16,499

 

$

6,388

 

$

22,887

 

$

18,472

 

$

8,983

 

$

27,455

 

Substandard Accruing

 

68,859

 

29,961

 

98,820

 

70,667

 

38,891

 

109,558

 

Total Classified

 

85,358

 

36,349

 

121,707

 

89,139

 

47,874

 

137,013

 

Special Mention

 

4,521

 

8,910

 

13,431

 

10,081

 

17,853

 

27,934

 

Total Criticized

 

$

89,879

 

$

45,259

 

$

135,138

 

$

99,220

 

$

65,727

 

$

164,947