XML 73 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6
Loans (Tables)
 3 Months Ended
Mar. 31, 2013
Receivables [Abstract]  
Schedule of Financing Receivables, Type
The major classifications of loan balances, excluding loans held for sale, were as follows:
(Dollars in thousands)
March 31,
2013
December 31, 2012
Commercial real estate, construction
$
24,108

$
34,265

Commercial real estate, other
381,331

378,073

    Commercial real estate
405,439

412,338

Commercial and industrial
174,982

180,131

Residential real estate
237,193

233,841

Home equity lines of credit
50,555

51,053

Consumer
108,353

101,246

Deposit account overdrafts
3,996

6,563

Total loans
$
980,518

$
985,172
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:
(Dollars in thousands)
March 31,
2013
December 31,
2012
Commercial real estate
$
2,055

$
2,145

Commercial and industrial
64

74

Residential real estate
12,489

12,873

Consumer
62

84

Total outstanding balance
$
14,670

$
15,176

Net carrying amount
$
14,193

$
14,700
Schedule of Related Party Transactions

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
(Dollars in thousands)
March 31,
2013
December 31,
2012
 
March 31,
2013
December 31,
2012
Commercial real estate, construction
$
—

$
—

 
$
—

$
—

Commercial real estate, other
7,947

9,831

 
—

—

    Commercial real estate
7,947

9,831

 
—

—

Commercial and industrial
327

627

 
—

181

Residential real estate
3,442

3,136

 
—

—

Home equity lines of credit
78

24

 
—

—

Consumer
9

20

 
3

4

Total
$
11,803

$
13,638

 
$
3

$
185
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
March 31, 2013
 
 
 
 
 
 
 
Commercial real estate, construction
$
—

$
—

$
—

$
—

 
$
24,108

$
24,108

Commercial real estate, other
4,320

237

4,481

9,038

 
372,293

381,331

    Commercial real estate
4,320

237

4,481

9,038

 
396,401

405,439

Commercial and industrial
110

129

287

526

 
174,456

174,982

Residential real estate
2,126

238

1,685

4,049

 
233,144

237,193

Home equity lines of credit
82

49

9

140

 
50,415

50,555

Consumer
279

197

3

479

 
107,874

108,353

Deposit account overdrafts
46

—

—

46

 
3,950

3,996

Total
$
6,963

$
850

$
6,465

$
14,278

 
$
966,240

$
980,518

December 31, 2012
 
 
 
 
 
 
 
Commercial real estate, construction
$
—

$
77

$
—

$
77

 
$
34,188

$
34,265

Commercial real estate, other
11,382

705

5,144

17,231

 
360,842

378,073

    Commercial real estate
11,382

782

5,144

17,308

 
395,030

412,338

Commercial and industrial
3,841

116

294

4,251

 
175,880

180,131

Residential real estate
4,640

1,049

2,019

7,708

 
226,133

233,841

Home equity lines of credit
274

25

24

323

 
50,730

51,053

Consumer
926

127

10

1,063

 
100,183

101,246

Deposit account overdrafts
55

—

—

55

 
6,508

6,563

Total
$
21,118

$
2,099

$
7,491

$
30,708

 
$
954,464

$
985,172
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
March 31, 2013
 
 
 
 
 
 
Commercial real estate, construction
$
18,858

$
1,013

$
73

$
—

$
4,164

$
24,108

Commercial real estate, other
342,106

13,638

24,723

—

864

381,331

    Commercial real estate
360,964

14,651

24,796

—

5,028

405,439

Commercial and industrial
149,932

9,079

14,637

—

1,334

174,982

Residential real estate
22,186

1,835

7,412

5

205,755

237,193

Home equity lines of credit
1,018

—

1,090

—

48,447

50,555

Consumer
71

—

41

—

108,241

108,353

Deposit account overdrafts
—

—

—

—

3,996

3,996

Total
$
534,171

$
25,565

$
47,976

$
5

$
372,801

$
980,518

December 31, 2012
 
 
 
 
 
 
Commercial real estate, construction
$
29,738

$
—

$
1,095

$
—

$
3,432

$
34,265

Commercial real estate, other
328,435

18,940

29,573

—

1,125

378,073

    Commercial real estate
358,173

18,940

30,668

—

4,557

412,338

Commercial and industrial
150,180

21,566

7,054

—

1,331

180,131

Residential real estate
22,392

1,768

7,597

10

202,074

233,841

Home equity lines of credit
1,051

—

1,094

—

48,908

51,053

Consumer
66

—

47

—

101,133

101,246

Deposit account overdrafts
—

—

—

—

6,563

6,563

Total
$
531,862

$
42,274

$
46,460

$
10

$
364,566

$
985,172
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
March 31, 2013
 
 
 
 
 
 
 
Commercial real estate, construction
$
—

$
—

$
—

$
—

$
—

$
—

$
—

Commercial real estate, other
16,460

3,458

4,448

7,906

1,226

7,970

—

    Commercial real estate
16,460

$
3,458

$
4,448

$
7,906

$
1,226

$
7,970

$
—

Commercial and industrial
696

315

—

315

315

467

—

Residential real estate
3,844

267

3,052

3,319

77

3,279

33

Home equity lines of credit
357

—

357

357

—

348

4

Consumer
162

—

162

162

—

134

4

Total
$
21,519

$
4,040

$
8,019

$
12,059

$
1,618

$
12,198

$
41

December 31, 2012
 
 
 
 
 
 
 
Commercial real estate, construction
$
—

$
—

$
—

$
—

$
—

$
—

$
—

Commercial real estate, other
19,023

2,785

7,053

9,838

1,262

11,048

—

    Commercial real estate
19,023

$
2,785

$
7,053

$
9,838

$
1,262

$
11,048

$
—

Commercial and industrial
696

182

437

619

36

518

—

Residential real estate
3,943

418

3,063

3,481

123

2,014

149

Home equity lines of credit
349

—

349

349

—

140

17

Consumer
114

—

114

114

—

49

14

Total
$
24,125

$
3,385

$
11,016

$
14,401

$
1,421

$
13,769

$
180
Troubled Debt Restructurings on Financing Receivables
The following table summarizes the loans that were modified as a TDR during the three months ended March 31, 2013. There were no loans modified as a TDR during the three months ended March 31, 2012.
 
 
Recorded Investment (1)
 
Number of Contracts
Pre-Modification
Post-Modification
At March 31, 2013
Residential real estate
6

$
180

$
180

$
180

Home equity lines of credit
1

$
25

$
25

$
25

Consumer
10

$
69

$
69

$
69
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 March 31, were as follows:
(Dollars in thousands)
Commercial Real Estate
Commercial and Industrial
Residential Real Estate
Home Equity Lines of Credit
Consumer
Deposit Account Overdrafts
Total
Balance, January 1, 2013
$
14,215

$
1,733

$
801

$
479

$
438

$
145

$
17,811

Charge-offs
(566
)
—

(134
)
(2
)
(159
)
(130
)
(991
)
Recoveries
1,374

17

116

8

104

65

1,684

Net recoveries (charge-offs)
808

17

(18
)
6

(55
)
(65
)
693

Recovery of loan losses
(1,050
)
—

—

—

—

(15
)
(1,065
)
Balance, March 31, 2013
$
13,973

$
1,750

$
783

$
485

$
383

$
65

$
17,439

 
 
 
 
 
 
 
 
Period-end amount allocated to:
 
 
 
 
 
 
Loans individually evaluated for impairment
$
1,226

$
315

$
77

$
—

$
—

$
—

$
1,618

Loans collectively evaluated for impairment
12,747

1,435

706

485

383

65

15,821

Ending balance
$
13,973

$
1,750

$
783

$
485

$
383

$
65

$
17,439

 
 
 
 
 
 
 
 
Balance, January 1, 2012
$
18,947

$
2,434

$
1,119

$
541

$
449

$
227

$
23,717

Charge-offs
(1,957
)
—

(207
)
(71
)
(214
)
(122
)
(2,571
)
Recoveries
1,606

48

304

7

188

87

2,240

Net (charge-offs) recoveries
(351
)
48

97

(64
)
(26
)
(35
)
(331
)
Recovery of loan losses
(1,100
)
(1,025
)
—

—

—

(12
)
(2,137
)
Balance, March 31, 2012
$
17,496

$
1,457

$
1,216

$
477

$
423

$
180

$
21,249

 
 
 
 
 
 
 
 
Period-end amount allocated to:
 
 
 
 
 
 
Loans individually evaluated for impairment
$
587

$
—

$
350

$
—

$
—

$
—

$
937

Loans collectively evaluated for impairment
16,909

1,457

866

477

423

180

20,312

Ending balance
$
17,496

$
1,457

$
1,216

$
477

$
423

$
180

$
21,249