XML 58 R30.htm IDEA: XBRL DOCUMENT v3.3.1.900
Loans (Tables)
 12 Months Ended
Dec. 31, 2015
Receivables [Abstract]  
Loan Classification by Type
The major classifications of loan balances, excluding loans held for sale, were as follows at December 31:
(Dollars in thousands)
2015
2014
Originated loans:
 
 
Commercial real estate, construction
$
63,785

$
37,901

Commercial real estate, other
471,184

434,660

    Commercial real estate
534,969

472,561

Commercial and industrial
288,130

249,975

Residential real estate
288,783

254,169

Home equity lines of credit
74,176

62,463

Consumer
227,133

169,913

Deposit account overdrafts
1,448

2,933

Total originated loans
$
1,414,639

$
1,212,014

Acquired loans:
 
 
Commercial real estate, construction
$
12,114

$
1,051

Commercial real estate, other
265,092

121,475

    Commercial real estate
277,206

122,526

Commercial and industrial
63,589

30,056

Residential real estate
276,772

225,274

Home equity lines of credit
32,253

18,232

Consumer
7,981

12,796

Deposit account overdrafts
—

—

Total acquired loans
$
657,801

$
408,884

Total loans
$
2,072,440

$
1,620,898
Purchased Credit Impaired Loans
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, commonly referred to as "purchased credit impaired" loans. The carrying amounts of these loans included in the loan balances above are summarized as follows at December 31:
(Dollars in thousands)
2015
2014
Commercial real estate
$
16,893

$
7,762

Commercial and industrial
3,040

1,041

Residential real estate
27,155

15,183

Consumer
193

306

Total outstanding balance
$
47,281

$
24,292

Net carrying amount
$
35,064

$
19,067
Accretable Yield Rollforward
Changes in the accretable yield for acquired purchased credit impaired loans the year ended December 31, 2015 were as follows:
(Dollars in thousands)
Accretable Yield
Balance, December 31, 2014
$
3,172

Additions:
 
    Reclassification from nonaccretable to accretable
2,093

    NB&T Financial Group, Inc.
3,611

Accretion
(1,834
)
Balance, December 31, 2015
$
7,042
Related Party Loans
Activity in related party loans is presented in the table below. Other changes primarily consist of changes in related party status and new directors elected during the year.
(Dollars in thousands)
 
Balance, December 31, 2014
$
15,192

New loans and disbursements
10,361

Repayments
(6,915
)
Other changes
(538
)
Balance, December 31, 2015
$
18,100
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 at December 31:
 
 
 
 
Accruing Loans
90+ Days Past Due
 
Nonaccrual Loans
 
(Dollars in thousands)
2015
2014
 
2015
2014
Originated loans:
 
 
 
 
 
Commercial real estate, construction
$
921

$
—

 
$
—

$
—

Commercial real estate, other
7,041

2,575

 
—

—

    Commercial real estate
7,962

2,575

 
—

—

Commercial and industrial
480

1,286

 
680

—

Residential real estate
3,057

3,049

 
169

818

Home equity lines of credit
321

341

 
—

20

Consumer
92

19

 
1

2

Total originated loans
$
11,912

$
7,270

 
$
850

$
840

Acquired loans:
 
 
 
 
 
Commercial real estate, construction
$
—

$
96

 
$
—

$
—

Commercial real estate, other
469

9

 
2,425

567

    Commercial real estate
469

105

 
2,425

567

Commercial and industrial
247

708

 
1,306

301

Residential real estate
798

304

 
1,353

1,083

Home equity lines of credit
98

19

 
35

—

Consumer
7

—

 
—

8

Total acquired loans
$
1,619

$
1,136

 
$
5,119

$
1,959

Total loans
$
13,531

$
8,406

 
$
5,969

$
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 and leases at December 31:
 
Loans Past Due
 
Current
Loans
Total
Loans
(Dollars in thousands)
30 - 59 days
60 - 89 days
90 + Days
Total
 
2015
 
 
 
 
 
 
 
Originated loans:
 
 
 
 
 
 
 
Commercial real estate, construction
$
913

$
—

$
8

$
921

 
$
62,864

$
63,785

Commercial real estate, other
7,260

1,258

379

8,897

 
462,287

471,184

    Commercial real estate
8,173

1,258

387

9,818

 
525,151

534,969

Commercial and industrial
1,437

215

767

2,419

 
285,711

288,130

Residential real estate
3,124

1,105

1,263

5,492

 
283,291

288,783

Home equity lines of credit
161

7

104

272

 
73,904

74,176

Consumer
1,387

250

32

1,669

 
225,464

227,133

Deposit account overdrafts
—

—

—

—

 
1,448

1,448

Total originated loans
$
14,282

$
2,835

$
2,553

$
19,670

 
$
1,394,969

$
1,414,639

Acquired loans:
 
 
 
 
 
 
 
Commercial real estate, construction
$
—

$
—

$
40

$
40

 
$
12,074

$
12,114

Commercial real estate, other
1,592

352

2,730

4,674

 
260,418

265,092

    Commercial real estate
1,592

352

2,770

4,714

 
272,492

277,206

Commercial and industrial
177

232

1,553

1,962

 
61,627

63,589

Residential real estate
4,910

2,480

1,745

9,135

 
267,637

276,772

Home equity lines of credit
318

20

95

433

 
31,820

32,253

Consumer
90

31

—

121

 
7,860

7,981

Deposit account overdrafts
—

—

—

—

 
—

—

Total acquired loans
$
7,087

$
3,115

$
6,163

$
16,365

 
$
641,436

$
657,801

Total loans
$
21,369

$
5,950

$
8,716

$
36,035

 
$
2,036,405

$
2,072,440

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 at December 31:
 
Pass Rated
Watch
Substandard
Doubtful
Not
Rated
Total
Loans
(Dollars in thousands)
(Grades 1 - 4)
(Grade 5)
(Grade 6)
(Grade 7)
2015
 
 
 
 
 
 
Originated loans:
 
 
 
 
 
 
Commercial real estate, construction
$
62,225

$
—

$
913

$
—

$
647

$
63,785

Commercial real estate, other
434,868

18,710

17,595

—

11

471,184

    Commercial real estate
497,093

18,710

18,508

—

658

534,969

Commercial and industrial
259,183

23,601

5,344

—

2

288,130

Residential real estate
21,903

1,168

12,282

187

253,243

288,783

Home equity lines of credit
785

—

175

—

73,216

74,176

Consumer
208

—

3

—

226,922

227,133

Deposit account overdrafts
—

—

—

—

1,448

1,448

Total originated loans
$
779,172

$
43,479

$
36,312

$
187

$
555,489

$
1,414,639

Acquired loans:
 
 
 
 
 
 
Commercial real estate, construction
$
12,114

$
—

$
—

$
—

$
—

$
12,114

Commercial real estate, other
233,630

13,866

17,521

75

—

265,092

    Commercial real estate
245,744

13,866

17,521

75

—

277,206

Commercial and industrial
56,077

3,078

4,238

196

—

63,589

Residential real estate
18,027

1,409

1,786

—

255,550

276,772

Home equity lines of credit
316

—

—

—

31,937

32,253

Consumer
256

—

—

—

7,725

7,981

Deposit account overdrafts
—

—

—

—

—

—

Total acquired loans
$
320,420

$
18,353

$
23,545

$
271

$
295,212

$
657,801

Total loans
$
1,099,592

$
61,832

$
59,857

$
458

$
850,701

$
2,072,440

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 tables summarize loans classified as impaired at December 31:
 
Unpaid
Principal
Balance
Recorded Investment
Total
Recorded Investment
 
Average
Recorded
Investment
Interest
Income
Recognized
 
With
Without
Related
Allowance
(Dollars in thousands)
Allowance
Allowance
2015
 
 
 
 
 
 
 
Commercial real estate, construction
$
957

$
—

$
957

$
957

$
—

$
227

$
3

Commercial real estate, other
23,430

6,396

12,775

19,171

1,363

13,071

815

    Commercial real estate
$
24,387

$
6,396

$
13,732

$
20,128

$
1,363

$
13,298

$
818

Commercial and industrial
5,670

1,224

4,130

5,354

351

4,049

246

Residential real estate
31,304

370

28,834

29,204

106

26,785

1,354

Home equity lines of credit
425

—

419

419

—

325

18

Consumer
383

—

298

298

—

295

28

Total
$
62,169

$
7,990

$
47,413

$
55,403

$
1,820

$
44,752

$
2,464

2014
 
 
 
 
 
 
 
Commercial real estate, construction
$
9,914

$
—

$
9,909

9,909

$
—

$
4,378

$
540

Commercial real estate, other
8,668

653

7,742

8,395

189

4,056

248

    Commercial real estate
$
18,582

$
653

$
17,651

$
18,304

$
189

$
8,434

$
788

Commercial and industrial
3,747

1,945

1,767

3,712

816

1,414

73

Residential real estate
6,889

53

6,372

6,425

9

3,582

272

Home equity lines of credit
500

—

498

498

—

298

18

Consumer
391

—

386

386

—

221

24

Total
$
30,109

$
2,651

$
26,674

$
29,325

$
1,014

$
13,949

$
1,175
Troubled Debt Restructurings on Financing Receivables
The following table summarizes the loans that were modified as a TDR during the years ended December 31, 2015 and 2014.
 
 
Recorded Investment (1)
(Dollars in thousands)
Number of Contracts
Pre-Modification
Post-Modification
Remaining Recorded Investment
December 31,2015
 
 
 
 
Originated loans:
 
 
 
 
Commercial real estate, other
5

$
900

$
900

$
881

Commercial and industrial
4

834

834

834

Residential real estate
4

207

207

115

Home equity lines of credit
11

402

402

389

Consumer
12

95

95

94

Total
36

$
2,438

$
2,438

$
2,313

Acquired loans:
 
 
 
 
Residential real estate
4

$
246

$
246

$
246

Home equity lines of credit
1

8

8

7

Total
5

$
254

$
254

$
253

December 31,2014
 
 
 
 
Originated loans:
 
 
 
 
Residential real estate
22

$
996

$
997

$
967

Home equity lines of credit
12

238

238

232

Consumer
10

108

108

102

Total
44

$
1,342

$
1,343

$
1,301

Acquired loans:
 
 
 
 
Commercial real estate, construction
1

$
96

$
96

$
96

Commercial and industrial
3

605

605

594

Residential real estate
4

235

235

234

Consumer
5

9

9

6

Total
13

$
945

$
945

$
930

(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 December 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
(242
)
(13,576
)
(628
)
(125
)
(1,353
)
(774
)
(16,698
)
Recoveries
104

98

315

119

755

171

1,562

Net (charge-offs) recoveries
(138
)
(13,478
)
(313
)
(6
)
(598
)
(603
)
(15,136
)
(Recovery of) provision for loan losses
(2,611
)
14,824

(57
)
44

982

612

13,794

Balance, December 31, 2015
$
7,076

$
5,382

$
1,257

$
732

$
1,971

$
121

$
16,539

 
 
 
 
 
 
 
 
Period-end amount allocated to:
 
 
 
 
 
 
Loans individually evaluated for impairment
$
1,363

$
351

$
106

$
—

$
—

$
—

$
1,820

Loans collectively evaluated for impairment
5,713

5,031

1,151

732

1,971

121

14,719

Balance, December 31, 2015
$
7,076

$
5,382

$
1,257

$
732

$
1,971

$
121

$
16,539

 
 
 
 
 
 
 
 
Balance, January 1, 2014
$
13,215

$
2,174

$
881

$
343

$
316

$
136

$
17,065

Charge-offs
(203
)
(199
)
(478
)
(128
)
(1,191
)
(516
)
(2,715
)
Recoveries
2,060

77

169

36

697

153

3,192

Net recoveries (charge-offs)
1,857

(122
)
(309
)
(92
)
(494
)
(363
)
477

(Recovery of) provision for loan losses
(5,247
)
1,984

1,055

443

1,765

339

339

Balance, December 31, 2014
$
9,825

$
4,036

$
1,627

$
694

$
1,587

$
112

$
17,881

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

$
816

$
9

$
—

$
—

$
—

$
1,014

Loans collectively evaluated for impairment
9,636

3,220

1,618

694

1,587

112

16,867

Balance, December 31, 2014
$
9,825

$
4,036

$
1,627

$
694

$
1,587

$
112

$
17,881
Allowance for Loan Losses Acquired Loans [Table Text Block]
The following table presents activity in the allowance for loan losses for acquired loans as of December 31:
(Dollars in thousands)
2015
2014
2013
Purchased credit impaired loans:
 
 
 
Balance, January 1
$
—

$
—

$
—

Charge-offs
(63
)
—

—

Recoveries
—

—

—

Net recoveries (charge-offs)
(63
)
—

—

Provision for loan losses
303

—

—

Balance, December 31
$
240

$
—

$
—