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Loans (Tables)
 9 Months Ended
Sep. 30, 2012
Receivables [Abstract]  
Schedule of Financing Receivables, Type
The major classifications of loan balances, excluding loans held for sale, were as follows:
 
September 30,
December 31,
(Dollars in thousands)
2012
2011
Commercial real estate
$
379,561

$
410,352

Commercial and industrial
172,068

140,857

Real estate construction
50,804

30,577

Residential real estate
233,501

219,619

Home equity lines of credit
51,137

47,790

Consumer
100,116

87,531

Deposit account overdrafts
1,580

1,780

Total loans
$
988,767

$
938,506
Schedule of Financing Receivables Acquired with Deteriorated Credit Quality
Peoples has acquired various loans through business combinations for which there was, at acquisition, evidence of deterioration of credit quality since origination and for which it was probable that all contractually required payments would not be collected. The carrying amounts of these loans included in the loan balances above are summarized as follows:
 
September 30,
December 31,
(Dollars in thousands)
2012
2011
Commercial real estate
$
3,052

$
3,754

Commercial and industrial
74

109

Residential real estate
13,407

14,497

Consumer
91

101

Total outstanding balance
$
16,624

$
18,461

Net carrying amount
$
16,148

$
17,954
Nonaccrual and Past Due Loans
The recorded investments in loans on nonaccrual status and accruing loans delinquent for 90 days or more were as follows:
 
 
 
 
Accruing Loans
 
Nonaccrual Loans
 
90+ Days Past Due
 
September 30,
December 31,
 
September 30,
December 31,
(Dollars in thousands)
2012
2011
 
2012
2011
Commercial real estate
$
11,737

$
23,546

 
$
—

$
—

Commercial and industrial
416

2,262

 
27

—

Real estate construction
—

—

 
—

—

Residential real estate
3,303

3,865

 
—

—

Home equity lines of credit
15

349

 
—

—

Consumer
10

—

 
—

—

Total
$
15,481

$
30,022

 
$
27

$
—
Aging Of The Recorded Investment In Past Due Loans And Leases
The following table presents the aging of the recorded investment in past due loans and leases:
 
Loans Past Due
 
Current
Total
(Dollars in thousands)
30 - 59 days
60 - 89 days
90 + Days
Total
 
Loans
Loans
September 30, 2012
 
 
 
 
 
 
 
Commercial real estate
$
785

$
1,497

$
5,740

$
8,022

 
$
371,539

$
379,561

Commercial and industrial
554

62

27

643

 
171,425

172,068

Real estate construction
—

—

—

—

 
50,804

50,804

Residential real estate
2,436

490

2,331

5,257

 
228,244

233,501

Home equity lines of credit
272

24

16

312

 
50,825

51,137

Consumer
709

72

10

791

 
99,325

100,116

Deposit account overdrafts
60

—

—

60

 
1,520

1,580

Total
$
4,816

$
2,145

$
8,124

$
15,085

 
$
973,682

$
988,767

December 31, 2011
 
 
 
 
 
 
 
Commercial real estate
$
2,700

$
2,286

$
11,363

$
16,349

 
$
394,003

$
410,352

Commercial and industrial
230

360

37

627

 
140,230

140,857

Real estate construction
—

—

—

—

 
30,577

30,577

Residential real estate
5,750

1,187

3,082

10,019

 
209,600

219,619

Home equity lines of credit
206

—

349

555

 
47,235

47,790

Consumer
874

86

—

960

 
86,571

87,531

Deposit account overdrafts
66

—

—

66

 
1,714

1,780

Total
$
9,826

$
3,919

$
14,831

$
28,576

 
$
909,930

$
938,506

 
 
 
 
 
 
 
 
Loans By Risk Category
The following table summarizes the risk category of Peoples' loan portfolio based upon the most recent analysis performed:
 
Pass Rated
Watch
Substandard
Doubtful
Not
Total
(Dollars in thousands)
(Grades 1 - 4)
(Grade 5)
(Grade 6)
(Grade 7)
Rated
Loans
September 30, 2012
 
 
 
 
 
 
Commercial real estate
$
312,346

$
29,817

$
33,710

$
—

$
3,688

$
379,561

Commercial and industrial
144,105

14,869

8,982

—

4,112

172,068

Real estate construction
47,140

—

1,106

—

2,558

50,804

Residential real estate
22,868

1,977

8,189

—

200,467

233,501

Home equity lines of credit
1,358

—

1,104

—

48,675

51,137

Consumer
84

—

23

—

100,009

100,116

Deposit account overdrafts
—

—

—

—

1,580

1,580

Total
$
527,901

$
46,663

$
53,114

$
—

$
361,089

$
988,767

December 31, 2011
 
 
 
 
 
 
Commercial real estate
$
310,996

$
40,165

$
56,142

$
—

$
3,049

$
410,352

Commercial and industrial
113,391

18,636

6,625

—

2,205

140,857

Real estate construction
23,710

2,932

2,062

—

1,873

30,577

Residential real estate
28,507

2,913

10,097

20

178,082

219,619

Home equity lines of credit
1,491

42

1,394

—

44,863

47,790

Consumer
72

—

32

—

87,427

87,531

Deposit account overdrafts
—

—

—

—

1,780

1,780

Total
$
478,167

$
64,688

$
76,352

$
20

$
319,279

$
938,506
Schedule Of Impaired Loans
Impaired Loans
The following tables summarize loans classified as impaired:
 
Unpaid
Recorded Investment
Total
 
Average
Interest
 
Principal
With
Without
Recorded
Related
Recorded
Income
(Dollars in thousands)
Balance
Allowance
Allowance
Investment
Allowance
Investment
Recognized
September 30, 2012
 
 
 
 
 
 
 
Commercial real estate
$
23,041

$
1,948

$
9,647

$
11,595

$
731

$
12,178

$
—

Commercial and industrial
479

—

408

408

—

492

—

Real estate construction
—

—

—

—

—

—

—

Residential real estate
1,099

259

734

993

36

1,514

—

Home equity lines of credit
—

—

—

—

—

167

—

Total
$
24,619

$
2,207

$
10,789

$
12,996

$
767

$
14,351

$
—

December 31, 2011
 
 
 
 
 
 
 
Commercial real estate
$
49,402

$
6,882

$
16,501

$
23,383

$
1,026

$
23,058

$
—

Commercial and industrial
2,290

1,801

420

2,221

407

1,098

—

Real estate construction
—

—

—

—

—

—

—

Residential real estate
3,901

323

2,226

2,549

49

2,081

—

Home equity lines of credit
420

—

269

269

—

332

—

Total
$
56,013

$
9,006

$
19,416

$
28,422

$
1,482

$
26,569

$
—
Troubled Debt Restructurings on Financing Receivables
The following table summarizes the loans that were modified as a TDR during the three and nine months ended September 30, 2012 and 2011.
 
 
Three Months Ended
 
Nine Months Ended
 
 
Recorded Investment (1)
 
Recorded Investment (1)
 
Number of Contracts
Pre-Modification
Post-Modification
At September 30, 2012
Number of Contracts
Pre-Modification
Post-Modification
At September 30, 2012
Commercial real estate
3

$
422

$
422

$
413

4

$
752

$
752

$
743

Commercial and industrial
2

$
58

$
58

$
58

2

$
58

$
58

$
58

Real estate construction
—

$
—

$
—

$
—

—

$
—

$
—

$
—

Residential real estate
71

$
2,788

$
2,788

$
2,788

71

$
2,788

$
2,788

$
2,788

Home equity lines of credit
20

$
244

$
244

$
244

20

$
244

$
244

$
244

Consumer
33

$
143

$
143

$
143

33

$
143

$
143

$
143
Summary Of Activity In Allowance For Loan And Lease Losses
Allowance for Loan Losses
Changes in the allowance for loan losses in the periods ended September 30, were as follows:
(Dollars in thousands)
Commercial Real Estate
Commercial and Industrial
Residential Real Estate
Real Estate Construction
Home Equity Lines of Credit
Consumer
Deposit Account Overdrafts
Total
Balance, January 1, 2012
$
18,947

$
2,434

$
1,119

$
—

$
541

$
449

$
227

$
23,717

Charge-offs
(3,112
)
—

(890
)
—

(94
)
(428
)
(417
)
(4,941
)
Recoveries
2,538

258

608

—

23

459

158

4,044

Net (charge-offs) recoveries
(574
)
258

(282
)
—

(71
)
31

(259
)
(897
)
Provision for loan losses
(3,400
)
(1,025
)
—

—

—

—

212

(4,213
)
Balance, September 30, 2012
$
14,973

$
1,667

$
837

$
—

$
470

$
480

$
180

$
18,607

 
 
 
 
 
 
 
 
 
Period-end amount allocated to:
 
 
 
 
 
 
 
Loans individually evaluated for impairment
$
731

$
—

$
36

$
—

$
—

$
—

$
—

$
767

Loans collectively evaluated for impairment
14,242

1,667

801

—

470

480

180

17,840

Ending balance
$
14,973

$
1,667

$
837

$
—

$
470

$
480

$
180

$
18,607

 
 
 
 
 
 
 
 
 
Balance, January 1, 2011
$
21,806

$
2,160

$
1,400

$
—

$
431

$
721

$
248

$
26,766

Charge-offs
(9,715
)
(1,004
)
(1,253
)
—

(345
)
(687
)
(488
)
(13,492
)
Recoveries
1,453

629

598

—

37

560

191

3,468

Net (charge-offs)
(8,262
)
(375
)
(655
)
—

(308
)
(127
)
(297
)
(10,024
)
Provision for loan losses
6,541

578

676

—

425

(20
)
271

8,471

Balance, September 30, 2011
$
20,085

$
2,363

$
1,421

$
—

$
548

$
574

$
222

$
25,213

 
 
 
 
 
 
 
 
 
Period-end amount allocated to:
 
 
 
 
 
 
 
Loans individually evaluated for impairment
$
1,095

$
522

$
242

$
—

$
—

$
—

$
—

$
1,859

Loans collectively evaluated for impairment
18,990

1,841

1,179

—

548

574

222

23,354

Ending balance
$
20,085

$
2,363

$
1,421

$
—

$
548

$
574

$
222

$
25,213