XML 80 R21.htm IDEA: XBRL DOCUMENT v2.4.1.9
Loans (Tables)
 3 Months Ended
Mar. 31, 2015
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,
2015
December 31, 2014
Originated loans:
 
 
Commercial real estate, construction
$
44,276

$
37,901

Commercial real estate, other
429,541

434,660

    Commercial real estate
473,817

472,561

Commercial and industrial
247,103

249,975

Residential real estate
256,551

254,169

Home equity lines of credit
63,491

62,463

Consumer
176,857

169,913

Deposit account overdrafts
3,146

2,933

Total originated loans
$
1,220,965

$
1,212,014

Acquired Loans:
 
 
Commercial real estate, construction
$
9,759

$
1,051

Commercial real estate, other
317,225

121,475

    Commercial real estate
326,984

122,526

Commercial and industrial
78,873

30,056

Residential real estate
317,529

225,274

Home equity lines of credit
38,222

18,232

Consumer
13,723

12,796

Deposit account overdrafts
—

—

Total acquired loans
$
775,331

$
408,884

Loans, net of deferred fees and costs
$
1,996,296

$
1,620,898
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,
2015
December 31,
2014
Commercial real estate
$
19,036

$
7,762

Commercial and industrial
3,722

1,041

Residential real estate
30,197

15,183

Consumer
304

306

Total outstanding balance
$
53,259

$
24,292

Net carrying amount
$
43,210

$
19,067
Nonaccrual and Past Due Loans
The recorded investments in loans on nonaccrual status and loans delinquent for 90 days or more and accruing were as follows:
 
Nonaccrual Loans
 
Loans 90+ Days Past Due and Accruing
(Dollars in thousands)
March 31,
2015
December 31,
2014
 
March 31,
2015
December 31,
2014
Originated loans:
 
 
 
 
 
Commercial real estate, construction
$
—

$
—

 
$
—

$
—

Commercial real estate, other
2,128

2,575

 
394

—

    Commercial real estate
2,128

2,575

 
394

—

Commercial and industrial
1,277

1,286

 
125

—

Residential real estate
3,228

3,049

 
73

818

Home equity lines of credit
432

341

 
34

20

Consumer
14

19

 
—

2

Total originated loans
$
7,079

$
7,270

 
$
626

$
840

Acquired loans:
 
 
 
 
 
Commercial real estate, construction
$
96

$
96

 
$
—

$
—

Commercial real estate, other
37

9

 
1,752

567

    Commercial real estate
133

105

 
1,752

567

Commercial and industrial
451

708

 
283

301

Residential real estate
680

304

 
1,023

1,083

Home equity lines of credit
19

19

 
13

—

Consumer
—

—

 
3

8

Total acquired loans
$
1,283

$
1,136

 
$
3,074

$
1,959

Total loans
$
8,362

$
8,406

 
$
3,700

$
2,799
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:
 
Loans Past Due
 
Current
Loans
Total
Loans
(Dollars in thousands)
30 - 59 days
60 - 89 days
90 + Days
Total
 
March 31, 2015
 
 
 
 
 
 
 
Originated loans:
 
 
 
 
 
 
 
Commercial real estate, construction
$
—

$
—

$
—

$
—

 
$
44,276

$
44,276

Commercial real estate, other
2,926

49

1,395

4,370

 
425,171

429,541

    Commercial real estate
2,926

49

1,395

4,370

 
469,447

473,817

Commercial and industrial
757

14

1,367

2,138

 
244,965

247,103

Residential real estate
3,737

591

927

5,255

 
251,296

256,551

Home equity lines of credit
113

83

274

470

 
63,021

63,491

Consumer
685

118

—

803

 
176,054

176,857

Deposit account overdrafts
23

—

—

23

 
3,123

3,146

Total originated loans
$
8,241

$
855

$
3,963

$
13,059

 
$
1,207,906

$
1,220,965

Acquired loans:
 
 
 
 
 
 
 
Commercial real estate, construction
$
—

$
—

$
96

$
96

 
$
9,663

$
9,759

Commercial real estate, other
1,634

271

1,760

3,665

 
313,560

317,225

    Commercial real estate
1,634

271

1,856

3,761

 
323,223

326,984

Commercial and industrial
1,737

341

283

2,361

 
76,512

78,873

Residential real estate
5,341

805

1,267

7,413

 
310,116

317,529

Home equity lines of credit
27

19

13

59

 
38,163

38,222

Consumer
145

28

3

176

 
13,547

13,723

Deposit account overdrafts
—

—

—

—

—

—

—

Total acquired loans
$
8,884

$
1,464

$
3,422

$
13,770

 
$
761,561

$
775,331

Total loans
$
17,125

$
2,319

$
7,385

$
26,829

 
$
1,969,467

$
1,996,296

December 31, 2014
 
 
 
 
 
 
 
Originated loans:
 
 
 
 
 
 
 
Commercial real estate, construction
$
—

$
—

$
—

$
—

 
$
37,901

$
37,901

Commercial real estate, other
565

285

1,220

2,070

 
432,590

434,660

    Commercial real estate
565

285

1,220

2,070

 
470,491

472,561

Commercial and industrial
17

18

1,245

1,280

 
248,695

249,975

Residential real estate
4,502

1,062

1,902

7,466

 
246,703

254,169

Home equity lines of credit
344

425

129

898

 
61,565

62,463

Consumer
1,136

157

2

1,295

 
168,618

169,913

Deposit account overdrafts
65

—

—

65

 
2,868

2,933

Total originated loans
$
6,629

$
1,947

$
4,498

$
13,074

 
$
1,198,940

$
1,212,014

Acquired loans:
 
 
 
 
 
 
 
Commercial real estate, construction
$
—

$
—

$
96

$
96

 
$
955

$
1,051

Commercial real estate, other
1,067

143

567

1,777

 
119,698

121,475

    Commercial real estate
1,067

143

663

1,873

 
120,653

122,526

Commercial and industrial
46

6

815

867

 
29,189

30,056

Residential real estate
4,026

1,331

1,179

6,536

 
218,738

225,274

Home equity lines of credit
9

19

—

28

 
18,204

18,232

Consumer
245

27

8

280

 
12,516

12,796

Deposit account overdrafts
—

—

—

—

—

—

—

Total acquired loans
$
5,393

$
1,526

$
2,665

$
9,584

 
$
399,300

$
408,884

Total loans
$
12,022

$
3,473

$
7,163

$
22,658

 
$
1,598,240

$
1,620,898
Loans By Risk Category
The following table summarizes the risk category of Peoples' loan portfolio based upon the most recent analysis performed:
 
Pass Rated
(Grades 1 - 4)
Watch
(Grade 5)
Substandard
(Grade 6)
Doubtful (Grade 7)
Not
Rated
Total
Loans
(Dollars in thousands)
March 31, 2015
 
 
 
 
 
 
Originated loans:
 
 
 
 
 
 
Commercial real estate, construction
$
44,011

$
—

$
—

$
—

$
265

$
44,276

Commercial real estate, other
401,076

12,014

16,451

—

—

429,541

    Commercial real estate
445,087

12,014

16,451

—

265

473,817

Commercial and industrial
220,201

8,961

17,096

1

844

247,103

Residential real estate
21,241

1,081

13,089

237

220,903

256,551

Home equity lines of credit
763

—

762

—

61,966

63,491

Consumer
68

—

6

—

176,783

176,857

Deposit account overdrafts
—

—

—

—

3,146

3,146

Total originated loans
$
687,360

$
22,056

$
47,404

$
238

$
463,907

$
1,220,965

Acquired loans:
 
 
 
 
 
 
Commercial real estate, construction
$
9,759

$
—

$
—

$
—

$
—

$
9,759

Commercial real estate, other
282,216

18,045

16,461

503

—

317,225

    Commercial real estate
291,975

18,045

16,461

503

—

326,984

Commercial and industrial
69,323

4,396

4,812

342

—

78,873

Residential real estate
19,077

1,775

836

—

295,841

317,529

Home equity lines of credit
324

—

—

—

37,898

38,222

Consumer
336

—

1

—

13,386

13,723

Deposit account overdrafts
—

—

—

—

—

—

Total acquired loans
$
381,035

$
24,216

$
22,110

$
845

$
347,125

$
775,331

Total loans
$
1,068,395

$
46,272

$
69,514

$
1,083

$
811,032

$
1,996,296

December 31, 2014
 
 
 
 
 
 
Originated loans:
 
 
 
 
 
 
Commercial real estate, construction
$
37,637

$
—

$
—

$
—

$
264

$
37,901

Commercial real estate, other
405,224

12,316

17,120

—

—

434,660

    Commercial real estate
442,861

12,316

17,120

—

264

472,561

Commercial and industrial
239,168

8,122

2,684

1

—

249,975

Residential real estate
21,296

1,195

11,601

56

220,021

254,169

Home equity lines of credit
767

—

965

—

60,731

62,463

Consumer
60

1

8

—

169,844

169,913

Deposit account overdrafts
—

—

—

—

2,933

2,933

Total originated loans
$
704,152

$
21,634

$
32,378

$
57

$
453,793

$
1,212,014

Acquired loans:
 
 
 
 
 
 
Commercial real estate, construction
$
955

$
—

$
—

$
—

$
96

$
1,051

Commercial real estate, other
106,115

7,100

8,260

—

—

121,475

    Commercial real estate
107,070

7,100

8,260

—

96

122,526

Commercial and industrial
27,313

255

2,294

194

—

30,056

Residential real estate
13,458

833

1,540

—

209,443

225,274

Home equity lines of credit
98

—

—

—

18,134

18,232

Consumer
279

—

—

—

12,517

12,796

Deposit account overdrafts
—

—

—

—

—

—

Total acquired loans
$
148,218

$
8,188

$
12,094

$
194

$
240,190

$
408,884

Total loans
$
852,370

$
29,822

$
44,472

$
251

$
693,983

$
1,620,898
Schedule Of Impaired Loans
The following table summarizes loans classified as impaired:
 
Unpaid
Principal
Balance
Recorded Investment
Total
Recorded
Investment
 
Average
Recorded
Investment
Interest
Income
Recognized
 
With
Allowance
Without
Allowance
Related
Allowance
(Dollars in thousands)
March 31, 2015
 
 
 
 
 
 
 
Commercial real estate, construction
$
44

$
—

$
44

$
44

$
—

$
18

$
2

Commercial real estate, other
1,762

742

786

1,528

189

675

18

    Commercial real estate
1,806

$
742

$
830

$
1,572

$
189

$
693

$
20

Commercial and industrial
4,330

1,428

2,103

3,531

527

1,249

11

Residential real estate
9,895

51

9,034

9,085

9

2,996

160

Home equity lines of credit
429

—

427

427

—

156

51

Consumer
155

—

149

149

—

60

41

Total
$
16,615

$
2,221

$
12,543

$
14,764

$
725

$
5,154

$
283

December 31, 2014
 
 
 
 
 
 
 
Commercial real estate, construction
$
101

$
—

$
96

96

$
—

$
57

$
6

Commercial real estate, other
2,074

653

1,148

1,801

189

1,632

7

    Commercial real estate
2,175

$
653

$
1,244

$
1,897

$
189

$
1,689

$
13

Commercial and industrial
2,379

1,945

399

2,344

816

493

5

Residential real estate
6,889

53

6,372

6,425

9

3,543

272

Home equity lines of credit
500

—

498

498

—

298

18

Consumer
155

—

150

150

—

109

11

Total
$
12,098

$
2,651

$
8,663

$
11,314

$
1,014

$
6,132

$
319
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.
 
 
Three Months Ended
 
 
Recorded Investment (1)
 
Number of Contracts
Pre-Modification
Post-Modification
Remaining Recorded Investment
March 31, 2015
 
 
 
Originated loans:
 
 
 
 
Commercial real estate, other
—

$
—

$
—

$
—

Residential real estate
—

—

—

—

Home equity lines of credit
5

217

217

217

Consumer
1

3

3

3

Acquired loans:
 
 
 
 
Residential real estate
4

$
419

$
419

$
419

March 31, 2014
 
 
 
Originated loans:
 
 
 
 
Commercial real estate, other
1

$
511

$
511

$
503

Residential real estate
8

496

497

496

Home equity lines of credit
2

47

47

47

Consumer
5

64

64

64

(1) The amounts shown are inclusive of all partial paydowns and charge-offs. Loans modified in a TDR that were fully paid down, charged-off or foreclosed upon by period end are not reported.
Summary Of Activity In Allowance For Loan And Lease 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, 2015
$
9,825

$
4,036

$
1,627

$
694

$
1,587

$
112

$
17,881

Charge-offs
(10
)
—

(186
)
(58
)
(187
)
(143
)
(584
)
Recoveries
55

12

115

15

186

58

441

Net recoveries (charge-offs)
45

12

(71
)
(43
)
(1
)
(85
)
(143
)
(Recovery of) provision for loan losses
(796
)
1,059

4

57

(74
)
100

350

Balance, March 31, 2015
$
9,074

$
5,107

$
1,560

$
708

$
1,512

$
127

$
18,088

 
 
 
 
 
 
 
 
Period-end amount allocated to:
 
 
 
 
 
 
Loans individually evaluated for impairment
$
189

$
527

$
9

$
—

$
—

$
—

$
725

Loans collectively evaluated for impairment
8,885

4,580

1,551

708

1,512

127

17,363

Ending balance
$
9,074

$
5,107

$
1,560

$
708

$
1,512

$
127

$
18,088

 
 
 
 
 
 
 
 
Balance, January 1, 2014
$
13,215

$
2,174

$
881

$
343

$
316

$
136

$
17,065

Charge-offs
—

(49
)
(137
)
(20
)
(302
)
(110
)
(618
)
Recoveries
112

5

38

6

184

70

415

Net recoveries (charge-offs)
112

(44
)
(99
)
(14
)
(118
)
(40
)
(203
)
Provision for loan losses
—

—

—

—

—

8

8

Balance, March 31, 2014
$
13,327

$
2,130

$
782

$
329

$
198

$
104

$
16,870

 
 
 
 
 
 
 
 
Period-end amount allocated to:
 
 
 
 
 
 
Loans individually evaluated for impairment
$
111

$
526

$
—

$
—

$
—

$
—

$
637

Loans collectively evaluated for impairment
13,216

1,604

782

329

198

104

16,233

Ending balance
$
13,327

$
2,130

$
782

$
329

$
198

$
104

$
16,870
Troubled Debt Restructurings during prior 12 months that subsequently defaulted [Table Text Block]
The following table presents those loans for the three months ended March 31 that were modified as a TDR during the last twelve months that subsequently defaulted (i.e., 90 days or more past due following a modification).
 
March 31, 2015
 
March 31, 2014
 
Number of Contracts
Recorded Investment (1)
Impact on the Allowance for Loan Losses
 
Number of Contracts
Recorded Investment (1)
Impact on the Allowance for Loan Losses
Originated loans:
 
 
 
 
 
 
 
Residential real estate
—

$
—

$
—

 
1

$
51

$
—

Total
—

$
—

$
—

 
1

$
51

$
—

Acquired loans:
 
 
 
 
 
 
 
Residential real estate
—

$
—

$
—

 
1

$
40

$
—

Total
—

$
—

$
—

 
1

$
40

$
—

(1) The amounts shown are inclusive of all partial paydowns and charge-offs. Loans modified in a TDR that were fully paid down, charged-off or foreclosed upon by period end are not reported.
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield [Table Text Block]
Changes in the accretable yield for the three months ended March 31, 2015 were as follows:
(Dollars in thousands)
Accretable Yield
Balance, December 31, 2014
$
3,172

Additions:
 
    Reclassification from nonaccretable to accretable
1,112

    NB&T Financial Group, Inc.
4,783

Accretion
(311
)
Balance, March 31, 2015
$
8,756