XML 110 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
Allowance for Loan Losses
 3 Months Ended
Mar. 31, 2013
Allowance for Loan Losses [Abstract]  
Allowance for Loan Losses

Note 5—Allowance for Loan Losses

The following tables summarize the activity in the allowance for loan losses, and ending balance of loans, net of unearned fees for the periods indicated.

 

                                                                                 
    Allowance for Loan Losses – As of and three months ended March 31, 2013  
    RE Mortgage     Home Equity     Auto     Other           Construction        
(In thousands)   Resid.     Comm.     Lines     Loans     Indirect     Consum.     C&I     Resid.     Comm.     Total  

Beginning balance

   $ 3,523     $ 8,782     $ 21,367     $ 1,155     $ 243     $ 696     $ 4,703     $ 1,400     $ 779     $ 42,648  

Charge-offs

     (7 )      (803 )      (766 )      (26 )      (25 )      (273 )      (790 )      (20 )      (61 )      (2,771 ) 

Recoveries

     —         353       290       9       85       224       70       61       6       1,098  

(Benefit) provision

     (173 )      1,078       (1,568 )      (1 )      (155 )      (84 )      252       (105 )      (352 )      (1,108 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending balance

   $ 3,343     $ 9,410     $ 19,323     $ 1,137     $ 148     $ 563     $ 4,235     $ 1,336     $ 372     $ 39,867  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending balance:

                                                                                

Individ. evaluated for impairment

   $ 479     $ 1,804     $ 1,613     $ 50     $ 7     $ 8     $ 823     $ 219     $ 42     $ 5,045  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Loans pooled for evaluation

   $ 2,498     $ 7,326     $ 16,496     $ 1,006     $ 141     $ 555     $ 1,935     $ 438     $ 125     $ 30,520  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Loans acquired with deteriorated credit quality

   $ 366     $ 280     $ 1,214     $ 81       —         —       $ 1,477     $ 679     $ 205     $ 4,302  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
   
    Loans, net of unearned fees – As of March 31, 2013  
    RE Mortgage     Home Equity     Auto     Other           Construction        
(In thousands)   Resid.     Comm.     Lines     Loans     Indirect     Consum.     C&I     Resid.     Comm.     Total  

Ending balance:

                                                                                

Total loans

   $ 135,960     $ 874,289     $ 333,044     $ 13,083     $ 2,821     $ 27,115     $ 115,483     $ 19,521     $ 11,046     $ 1,532,362  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Individ. evaluated for impairment

   $ 6,238     $ 64,812     $ 8,721     $ 576     $ 176     $ 97     $ 5,867     $ 3,410     $ 343     $ 90,240  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Loans pooled for evaluation

   $ 124,712     $ 777,466     $ 311,258     $ 12,304     $ 2,645     $ 26,993     $ 101,187     $ 11,088     $ 9,566     $ 1,377,219  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Loans acquired with deteriorated credit quality

   $ 5,010     $ 32,011     $ 13,065     $ 203       —       $ 25     $ 8,429     $ 5,023     $ 1,137     $ 64,903  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
   
    Allowance for Loan Losses – As of and year ended December 31, 2012  
    RE Mortgage     Home Equity     Auto     Other           Construction        
(In thousands)   Resid.     Comm.     Lines     Loans     Indirect     Consum.     C&I     Resid.     Comm.     Total  

Beginning balance

   $ 2,404     $ 13,217     $ 18,258     $ 1,101     $ 215     $ 932     $ 6,545     $ 1,817     $ 1,425     $ 45,914  

Charge-offs

     (1,558 )      (3,457 )      (8,042 )      (385 )      (83 )      (1,202 )      (1,251 )      (406 )      (100 )      (16,484 ) 

Recoveries

     147       1,020       398       100       215       860       643       412       —         3,795  

(Benefit) provision

     2,530       (1,998 )      10,753       339       (104 )      106       (1,234 )      (423 )      (546 )      9,423  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending balance

   $ 3,523     $ 8,782     $ 21,367     $ 1,155     $ 243     $ 696     $ 4,703     $ 1,400     $ 779     $ 42,648  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending balance:

                                                                                

Individ. evaluated for impairment

   $ 631     $ 515     $ 2,264     $ 81     $ 5     $ 47     $ 840     $ 11     $ 111     $ 4,505  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Loans pooled for evaluation

   $ 2,526     $ 8,026     $ 17,862     $ 995     $ 238     $ 649     $ 2,342     $ 430     $ 165     $ 33,233  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Loans acquired with deteriorated credit quality

   $ 366     $ 241     $ 1,241     $ 79       —         —       $ 1,521     $ 959     $ 503     $ 4,910  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
   
    Loans, net of unearned fees – As of December 31, 2012  
    RE Mortgage     Home Equity     Auto     Other           Construction        
(In thousands)   Resid.     Comm.     Lines     Loans     Indirect     Consum.     C&I     Resid.     Comm.     Total  

Ending balance:

                                                                                

Total loans

   $ 131,684     $ 878,446     $ 342,025     $ 13,557     $ 3,816     $ 26,713     $ 135,528     $ 18,459     $ 14,595     $ 1,564,823  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Individ. evaluated for impairment

   $ 6,586     $ 71,077     $ 10,056     $ 528     $ 197     $ 121     $ 8,562     $ 3,596     $ 607     $ 101,330  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Loans pooled for evaluation

   $ 120,082     $ 776,137     $ 318,403     $ 12,825     $ 3,619     $ 26,560     $ 117,429     $ 8,281     $ 10,589     $ 1,393,925  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Loans acquired with deteriorated credit quality

   $ 5,016     $ 31,232     $ 13,566     $ 204       —       $ 32     $ 9,537     $ 6,582     $ 3,399     $ 69,568  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

                                                                                 
    Allowance for Loan Losses – As of and three months ended March 31, 2012  
    RE Mortgage     Home Equity     Auto     Other           Construction        
(In thousands)   Resid.     Comm.     Lines     Loans     Indirect     Consum.     C&I     Resid.     Comm.     Total  

Beginning balance

   $ 2,404     $ 13,217     $ 18,258     $ 1,101     $ 215     $ 932     $ 6,545     $ 1,817     $ 1,425     $ 45,914  

Charge-offs

     (223 )      (1,305 )      (2,625 )      (41 )      (40 )      (339 )      (281 )      (68 )      —         (4,922 ) 

Recoveries

     -       36       63       3       57       255       50       —         —         464  

Provision (benefit)

     976       (1,967 )      6,336       204       343       (248 )      (1,764 )      (77 )      193       3,996  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending balance

   $ 3,157     $ 9,981     $ 22,032     $ 1,267     $ 575     $ 600     $ 4,550     $ 1,672     $ 1,618     $ 45,452  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending balance:

                                                                                

Individ. evaluated for impairment

   $ 582     $ 1,041     $ 1,578     $ 59     $ 14     $ 17     $ 357     $ 80     $ 1,048     $ 4,776  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Loans pooled for evaluation

   $ 2,463     $ 8,939     $ 18,949     $ 1,096     $ 560     $ 584     $ 2,563     $ 625     $ 110     $ 35,889  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Loans acquired with deteriorated credit quality

   $ 113       —       $ 1,505     $ 111       —         —       $ 1,630     $ 967     $ 461     $ 4,787  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
   
    Loans, net of unearned fees – As of March 31, 2012  
    RE Mortgage     Home Equity     Auto     Other           Construction        
(In thousands)   Resid.     Comm.     Lines     Loans     Indirect     Consum.     C&I     Resid.     Comm.     Total  

Ending balance:

                                                                                

Total loans

   $ 130,500     $ 816,859     $ 350,062     $ 14,559     $ 8,397     $ 23,671     $ 128,343     $ 22,364     $ 16,330     $ 1,511,085  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Individ. evaluated for impairment

   $ 10,490     $ 69,817     $ 8,777     $ 549     $ 404     $ 177     $ 9,286     $ 5,606     $ 7,114     $ 112,220  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Loans pooled for evaluation

   $ 113,808     $ 714,579     $ 327,018     $ 13,805     $ 7,993     $ 23,446     $ 106,689     $ 7,569     $ 5,552     $ 1,320,459  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Loans acquired with deteriorated credit quality

   $ 6,202     $ 32,463     $ 14,267     $ 205       —       $ 48     $ 12,368     $ 9,189     $ 3,664     $ 78,406  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

As part of the on-going monitoring of the credit quality of the Company’s loan portfolio, management tracks certain credit quality indicators including, but not limited to, trends relating to (i) the level of criticized and classified loans, (ii) net charge-offs, (iii) non-performing loans, and (iv) delinquency within the portfolio.

The Company utilizes a risk grading system to assign a risk grade to each of its loans. Loans are graded on a scale ranging from Pass to Loss. A description of the general characteristics of the risk grades is as follows:

 

  •  

Pass – This grade represents loans ranging from acceptable to very little or no credit risk. These loans typically meet most if not all policy standards in regard to: loan amount as a percentage of collateral value, debt service coverage, profitability, leverage, and working capital.

 

  •  

Special Mention – This grade represents “Other Assets Especially Mentioned” in accordance with regulatory guidelines and includes loans that display some potential weaknesses which, if left unaddressed, may result in deterioration of the repayment prospects for the asset or may inadequately protect the Company’s position in the future. These loans warrant more than normal supervision and attention.

 

  •  

Substandard – This grade represents “Substandard” loans in accordance with regulatory guidelines. Loans within this rating typically exhibit weaknesses that are well defined to the point that repayment is jeopardized. Loss potential is, however, not necessarily evident. The underlying collateral supporting the credit appears to have sufficient value to protect the Company from loss of principal and accrued interest, or the loan has been written down to the point where this is true. There is a definite need for a well defined workout/rehabilitation program.

 

  •  

Doubtful – This grade represents “Doubtful” loans in accordance with regulatory guidelines. An asset classified as Doubtful has all the weaknesses inherent in a loan classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Pending factors include proposed merger, acquisition, or liquidation procedures, capital injection, perfecting liens on additional collateral, and financing plans.

 

  •  

Loss – This grade represents “Loss” loans in accordance with regulatory guidelines. A loan classified as Loss is considered uncollectible and of such little value that its continuance as a bankable asset is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off the loan, even though some recovery may be affected in the future. The portion of the loan that is graded loss should be charged off no later than the end of the quarter in which the loss is identified.

 

The following tables present ending loan balances by loan category and risk grade as of the dates indicated:

 

                                                                                 
    Credit Quality Indicators – As of March 31, 2013  
    RE Mortgage     Home Equity     Auto
Indirect		     Other
Consumer		     C&I     Construction        
(In thousands)   Resid.     Comm.     Lines     Loans           Resid.     Comm.     Total  

Originated loans:

                                                                                

Pass

   $ 116,293       686,714     $ 288,765     $ 11,508     $ 2,185     $ 24,007     $ 96,302     $ 10,487     $ 9,200     $ 1,245,461  

Special mention

     1,920       21,690       4,450       295       367       693       4,461       385       401       34,662  

Substandard

     7,662       63,892       10,423       730       269       126       5,512       3,626       308       92,548  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Originated loans

   $ 125,875     $ 772,296     $ 303,638     $ 12,533     $ 2,821     $ 24,826     $ 106,275     $ 14,498     $ 9,909     $ 1,372,671  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

PNCI loans:

                                                                                

Pass

   $ 4,532     $ 62,804     $ 15,292     $ 347       —       $ 2,162     $ 760       —         —       $ 85,897  

Special mention

     —         3,711       282       —         —         61       19       —         —         4,073  

Substandard

     543       3,467       767       —         —         41       —         —         —         4,818  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total PNCI loans

   $ 5,075     $ 69,982     $ 16,341     $ 347       —       $ 2,264     $ 779       —         —       $ 94,788  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

PCI loans

   $ 5,010     $ 32,011     $ 13,065     $ 203       —       $ 25     $ 8,429     $ 5,023     $ 1,137     $ 64,903  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total loans

   $ 135,960     $ 874,289     $ 333,044     $ 13,083     $ 2,821     $ 27,115     $ 115,483     $ 19,521     $ 11,046     $ 1,532,362  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
   
    Credit Quality Indicators – As of December 31, 2012  
    RE Mortgage     Home Equity     Auto
Indirect		     Other
Consumer		     C&I     Construction        
(In thousands)   Resid.     Comm.     Lines     Loans           Resid.     Comm.     Total  

Originated loans:

                                                                                

Pass

   $ 108,946     $ 686,593     $ 291,701     $ 11,892     $ 2,949     $ 23,154     $ 113,595     $ 7,744     $ 10,221     $ 1,256,795  

Special mention

     3,122       21,184       6,955       555       531       958       3,224       285       356       37,170  

Substandard

     9,187       67,347       13,015       564       336       151       8,303       3,848       619       103,370  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Originated loans

   $ 121,255     $ 775,124     $ 311,671     $ 13,011     $ 3,816     $ 24,263     $ 125,122     $ 11,877     $ 11,196     $ 1,397,335  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

PNCI loans:

                                                                                

Pass

   $ 4,968     $ 64,917     $ 15,915     $ 342       —       $ 2,240     $ 848       —         —       $ 89,230  

Special mention

     —         5,249       193       —         —         104       21       —         —         5,567  

Substandard

     436       1,924       680       —         —         74       —         —         —         3,114  

Loss

     9       —         —         —         —         —         —         —         —         9  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total PNCI loans

   $ 5,413     $ 72,090     $ 16,788     $ 342       —       $ 2,418     $ 869       —         —       $ 97,920  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

PCI loans

   $ 5,016     $ 31,232     $ 13,566     $ 204       —       $ 32     $ 9,537     $ 6,582     $ 3,399     $ 69,568  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total loans

   $ 131,684     $ 878,446     $ 342,025     $ 13,557     $ 3,816     $ 26,713     $ 135,528     $ 18,459     $ 14,595     $ 1,564,823  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Consumer loans, whether unsecured or secured by real estate, automobiles, or other personal property, are primarily susceptible to three primary risks; non-payment due to income loss, over-extension of credit and, when the borrower is unable to pay, shortfall in collateral value. Typically non-payment is due to loss of job and will follow general economic trends in the marketplace driven primarily by rises in the unemployment rate. Loss of collateral value can be due to market demand shifts, damage to collateral itself or a combination of the two.

Problem consumer loans are generally identified by payment history of the borrower (delinquency) or significant changes in the borrower’s credit rating. Current credit scores are obtained for all consumer loans on a quarterly basis, and risk ratings are adjusted appropriately. The Bank manages its consumer loan portfolios by monitoring delinquency and contacting borrowers to encourage repayment, suggest modifications if appropriate, and, when continued scheduled payments become unrealistic, initiate repossession or foreclosure through appropriate channels. Collateral values may be determined by appraisals obtained through Bank approved, licensed appraisers, qualified independent third parties, public value information (blue book values for autos), sales invoices, or other appropriate means. Appropriate valuations are obtained at initiation of the credit and periodically (every 3-12 months depending on collateral type) once repayment is questionable and the loan has been classified.

Commercial real estate loans generally fall into two categories, owner-occupied and non-owner occupied. Loans secured by owner occupied real estate are primarily susceptible to changes in the business conditions of the related business. This may be driven by, among other things, industry changes, geographic business changes, changes in the individual fortunes of the business owner, and general economic conditions and changes in business cycles. These same risks apply to commercial loans whether secured by equipment or other personal property or unsecured. Losses on loans secured by owner occupied real estate, equipment, or other personal property generally are dictated by the value of underlying collateral at the time of default and liquidation of the collateral. When default is driven by issues related specifically to the business owner, collateral values tend to provide better repayment support and may result in little or no loss. Alternatively, when default is driven by more general economic conditions, underlying collateral generally has devalued more and results in larger losses due to default. Loans secured by non-owner occupied real estate are primarily susceptible to risks associated with swings in occupancy or vacancy and related shifts in lease rates, rental rates or room rates. Most often these shifts are a result of changes in general economic or market conditions or overbuilding and resultant over-supply. Losses are dependent on value of underlying collateral at the time of default. Values are generally driven by these same factors and influenced by interest rates and required rates of return as well as changes in occupancy costs.

Construction loans, whether owner occupied or non-owner occupied commercial real estate loans or residential development loans, are not only susceptible to the related risks described above but the added risks of construction itself including cost over-runs, mismanagement of the project, or lack of demand or market changes experienced at time of completion. Again, losses are primarily related to underlying collateral value and changes therein as described above.

Problem commercial loans are generally identified by periodic review of financial information which may include financial statements, tax returns, rent rolls and payment history of the borrower (delinquency). Based on this information the Bank may decide to take any of several courses of action including demand for repayment, additional collateral or guarantors, and, when repayment becomes unlikely through borrower’s income and cash flow, repossession or foreclosure of the underlying collateral.

Collateral values may be determined by appraisals obtained through Bank approved, licensed appraisers, qualified independent third parties, public value information (blue book values for autos), sales invoices, or other appropriate means. Appropriate valuations are obtained at initiation of the credit and periodically (every 3-12 months depending on collateral type) once repayment is questionable and the loan has been classified.

Once a loan becomes delinquent and repayment becomes questionable, a Bank collection officer will address collateral shortfalls with the borrower and attempt to obtain additional collateral. If this is not forthcoming and payment in full is unlikely, the Bank will estimate its probable loss, using a recent valuation as appropriate to the underlying collateral less estimated costs of sale, and charge the loan down to the estimated net realizable amount. Depending on the length of time until ultimate collection, the Bank may revalue the underlying collateral and take additional charge-offs as warranted. Revaluations may occur as often as every 3-12 months depending on the underlying collateral and volatility of values. Final charge-offs or recoveries are taken when collateral is liquidated and actual loss is known. Unpaid balances on loans after or during collection and liquidation may also be pursued through lawsuit and attachment of wages or judgment liens on borrower’s other assets.

The following table shows the ending balance of current, past due, and nonaccrual originated loans by loan category as of the date indicated:

 

                                                                                 
    Analysis of Past Due and Nonaccrual Originated Loans – As of March 31, 2013  
(In thousands)   RE Mortgage     Home Equity     Auto
Indirect		     Other
Consumer		     C&I     Construction  
Originated loan balance:   Resid.     Comm.     Lines     Loans           Resid.     Comm.     Total  

Past due:

                                                                                

30-59 Days

   $ 1,305     $ 2,326     $ 2,635     $ 109     $ 28     $ 50     $ 333       —         —       $ 6,786  

60-89 Days

     650       265       1,226       —         36       9       35       —         —         2,221  

> 90 Days

     732       7,852       2,072       217       94       2       2,616       31       75       13,691  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total past due

     2,687       10,443       5,933       326       158       61       2,984       31       75       22,698  

Current

     123,188       761,853       297,705       12,207       2,663       24,765       103,291       14,467       9,834       1,349,973  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Originated loans

   $ 125,875     $ 772,296     $ 303,638     $ 12,533     $ 2,821     $ 24,826     $ 106,275     $ 14,498     $ 9,909     $ 1,372,671  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

> 90 Days and still accruing

   $ 190       —         —         —         —         —         —         —         —       $ 190  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Nonaccrual loans

   $ 4,459     $ 34,853     $ 7,027     $ 515     $ 166     $ 27     $ 4,131     $ 3,125     $ 270     $ 54,573  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

The following table shows the ending balance of current, past due, and nonaccrual PNCI loans by loan category as of the date indicated:

 

                                                                                 
    Analysis of Past Due and Nonaccrual PNCI Loans – As of March 31, 2013  
(In thousands)   RE Mortgage     Home Equity     Auto
Indirect		     Other
Consumer		     C&I     Construction  
PNCI loan balance:   Resid.     Comm.     Lines     Loans           Resid.     Comm.     Total  

Past due:

                                                                                

30-59 Days

   $ 1,709     $ 526     $ 857       —         —       $ 1       —         —         —       $ 3,093  

60-89 Days

     204       569       —         —         —         —         —         —         —         773  

> 90 Days

     43       —         —         —         —         —         —         —         —         43  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total past due

     1,956       1,095       857       —         —         1       —         —         —         3,909  

Current

     3,119       68,887       15,484       347       —         2,263       779       —         —         90,879  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total PNCI loans

   $ 5,075     $ 69,982     $ 16,341     $ 347       —       $ 2,264     $ 779       —         —       $ 94,788  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

> 90 Days and still accruing

     —         —         —         —         —         —         —         —         —         —    

Nonaccrual loans

   $ 111     $ 1,212     $ 339       —         —       $ 41       —         —         —       $ 1,703  

 

The following table shows the ending balance of current, past due, and nonaccrual originated loans by loan category as of the date indicated:

 

                                                                                 
    Analysis of Past Due and Nonaccrual Originated Loans – As of December 31, 2012  
(In thousands)   RE Mortgage     Home Equity     Auto
Indirect		     Other
Consumer		           Construction        
Originated loan balance:   Resid.     Comm.     Lines     Loans         C&I     Resid.     Comm.     Total  

Past due:

                                                                                

30-59 Days

   $ 1,702     $ 2,695     $ 3,371     $ 67     $ 77     $ 67     $ 1,848     $ 309       —       $ 10,136  

60-89 Days

     278       1,578       819       33       40       40       138       —         —         2,926  

> 90 Days

     674       13,829       3,395       217       79       14       4,782       42     $ 94       23,126  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total past due

     2,654       18,102       7,585       317       196       121       6,768       351       94       36,188  

Current

     118,601       757,022       304,086       12,694       3,620       24,142       118,354       11,526       11,102       1,361,147  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Originated loans

   $ 121,255     $ 775,124     $ 311,671     $ 13,011     $ 3,816     $ 24,263     $ 125,122     $ 11,877     $ 11,196     $ 1,397,335  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

> 90 Days and still accruing

     —         —         —         —         —         —         —         —         —         —    
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Nonaccrual loans

   $ 4,781     $ 37,220     $ 8,486     $ 465     $ 174     $ 49     $ 6,750     $ 3,312     $ 532     $ 61,769  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

The following table shows the ending balance of current, past due, and nonaccrual PNCI loans by loan category as of the date indicated:

                                                                                 
    Analysis of Past Due and Nonaccrual PNCI Loans – As of December 31, 2012  
(In thousands)   RE Mortgage     Home Equity     Auto
Indirect		     Other
Consumer		     C&I     Construction        
PNCI loan balance:   Resid.     Comm.     Lines     Loans           Resid.     Comm.     Total  

Past due:

                                                                                

30-59 Days

   $ 1,024     $ 500     $ 124       —         —       $ 31       —         —         —       $ 1,679  

60-89 Days

     —         —         63       —         —         —         —         —         —         63  

> 90 Days

     43       148       157       —         —         —         —         —         —         348  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total past due

     1,067       648       344       —         —         31       —         —         —         2,090  

Current

     4,346       71,442       16,444     $ 342       —         2,387     $ 869       —         —         95,830  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total PNCI loans

   $ 5,413     $ 72,090     $ 16,788     $ 342       —       $ 2,418     $ 869       —         —       $ 97,920  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

> 90 Days and still accruing

     —         —         —         —         —         —         —         —         —         —    
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Nonaccrual loans

   $ 113     $ 1,218     $ 403       —         —       $ 42       —         —         —       $ 1,776  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Impaired Originated and PNCI loans are those where management has concluded that it is probable that the borrower will be unable to pay all amounts due under the contractual terms.

The following tables show the recorded investment (financial statement balance), unpaid principal balance, average recorded investment, and interest income recognized for impaired Originated and PNCI loans, segregated by those with no related allowance recorded and those with an allowance recorded for the periods indicated.

 

                                                                                 
    Impaired Originated Loans – As of March 31, 2013  
    RE Mortgage     Home Equity     Auto
Indirect		     Other
Consumer		     C&I     Construction        
(In thousands)   Resid.     Comm.     Lines     Loans           Resid.     Comm.     Total  

With no related allowance recorded:

                                                                                

Recorded investment

   $ 4,017     $ 57,206     $ 5,138     $ 460     $ 151     $ 23     $ 4,240     $ 696     $ 195     $ 72,126  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Unpaid principal

   $ 6,192     $ 62,263     $ 8,437     $ 1,110     $ 292     $ 40     $ 5,392     $ 1,442     $ 426     $ 85,594  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Average recorded Investment

   $ 3,769     $ 61,619     $ 4,690     $ 411     $ 157     $ 21     $ 4,239     $ 2,125     $ 240     $ 77,271  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Interest income Recognized

   $ 7     $ 362     $ 5       —       $ 1       —       $ 11       —         —       $ 386  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

With an allowance recorded:

                                                                                

Recorded investment

   $ 2,025     $ 5,816     $ 3,244     $ 116     $ 25     $ 4     $ 1,626     $ 2,713     $ 149     $ 15,718  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Unpaid principal

   $ 2,252     $ 6,095     $ 4,086     $ 166     $ 32     $ 4     $ 1,680     $ 6,680     $ 181     $ 21,176  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Related allowance

   $ 447     $ 1,296     $ 1,576     $ 50     $ 7     $ 4     $ 823     $ 219     $ 42     $ 4,464  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Average recorded Investment

   $ 2,446     $ 4,537     $ 4,328     $ 142     $ 30     $ 17     $ 2,975     $ 1,378     $ 236     $ 16,089  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Interest income Recognized

   $ 15     $ 47     $ 16     $ 1       —         —       $ 19     $ 5     $ 1     $ 104  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

The following tables show the recorded investment (financial statement balance), unpaid principal balance, average recorded investment, and interest income recognized for impaired Originated and PNCI loans, segregated by those with no related allowance recorded and those with an allowance recorded for the periods indicated.

 

                                                                                 
    Impaired PNCI Loans – As of March 31, 2013  
    RE Mortgage     Home Equity     Auto
Indirect		     Other
Consumer		     C&I     Construction        
(In thousands)   Resid.     Comm.     Lines     Loans           Resid.     Comm.     Total  

With no relatedallowance recorded:

                                                                                

Recorded investment

     —       $ 1,271     $ 302       —         —       $ 41       —         —         —       $ 1,614  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Unpaid principal

     —       $ 3,300     $ 343       —         —       $ 46       —         —         —       $ 3,689  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Average recorded Investment

     —       $ 1,370     $ 334       —         —       $ 21       —         —         —       $ 1,725  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Interest income Recognized

     —       $ 4       —         —         —         —         —         —         —       $ 4  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

With anallowance recorded:

                                                                                

Recorded investment

   $ 197     $ 519     $ 37       —         —       $ 29       —         —         —       $ 782  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Unpaid principal

   $ 224     $ 519     $ 41       —         —       $ 29       —         —         —       $ 813  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Related allowance

   $ 32     $ 508     $ 37       —         —       $ 4       —         —         —       $ 581  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Average recorded Investment

   $ 198     $ 420     $ 38       —         —       $ 51       —         —         —       $ 707  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Interest income Recognized

   $ 1     $ 7       —         —         —       $ 1       —         —         —       $ 9  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
   
    Impaired Originated Loans – As of December 31, 2012  
    RE Mortgage     Home Equity     Auto
Indirect		     Other
Consumer		     C&I     Construction        
(In thousands)   Resid.     Comm.     Lines     Loans           Resid.     Comm.     Total  

With no relatedallowance recorded:

                                                                                

Recorded investment

   $ 3,520     $ 66,031     $ 4,241     $ 361     $ 163     $ 19     $ 4,238     $ 3,554     $ 284     $ 82,411  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Unpaid principal

   $ 5,349     $ 70,709     $ 6,691     $ 781     $ 311     $ 40     $ 4,613     $ 8,227     $ 484     $ 97,205  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Average recorded Investment

   $ 6,329     $ 61,299     $ 4,311     $ 329     $ 263     $ 42     $ 7,500     $ 3,505     $ 517     $ 84,095  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Interest income Recognized

   $ 71     $ 2,513     $ 58     $ 1     $ 3       —       $ 73     $ 20     $ 10     $ 2,749  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

With anallowance recorded:

                                                                                

Recorded investment

   $ 2,867     $ 3,258     $ 5,412     $ 167     $ 34     $ 30     $ 4,324     $ 42     $ 323     $ 16,457  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Unpaid principal

   $ 3,432     $ 3,556     $ 7,103     $ 396     $ 51     $ 32     $ 4,992     $ 42     $ 523     $ 20,127  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Related allowance

   $ 603     $ 352     $ 2,237     $ 81     $ 5     $ 12     $ 840     $ 11     $ 111     $ 4,252  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Average recorded Investment

   $ 3,890     $ 7,841     $ 6,331     $ 317     $ 102     $ 49     $ 2,800     $ 1,543     $ 6,570     $ 29,443  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Interest income Recognized

   $ 67     $ 129     $ 103     $ 16     $ 1     $ 1     $ 100     $ 6     $ 5     $ 428  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

 

The following tables show the recorded investment (financial statement balance), unpaid principal balance, average recorded investment, and interest income recognized for impaired PNCI loans, segregated by those with no related allowance recorded and those with an allowance recorded for the periods indicated.

 

                                                                                 
    Impaired PNCI Loans – As of December 31, 2012  
    RE Mortgage     Home Equity     Auto
Indirect		     Other
Consumer		     C&I     Construction        
(In thousands)   Resid.     Comm.     Lines     Loans           Resid.     Comm.     Total  

With no relatedallowance recorded:

                                                                                

Recorded investment

     —       $ 1,468     $ 365       —         —         —         —         —         —       $ 1,833  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Unpaid principal

     —       $ 3,452     $ 586       —         —         —         —         —         —       $ 4,038  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Average recorded Investment

   $ 16     $ 2,097     $ 308     $ 11       —       $ 31     $ 11       —         —       $ 2,474  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Interest income Recognized

     —       $ 133     $ 5       —         —         —         —         —         —       $ 138  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

With anallowance recorded:

                                                                                

Recorded investment

   $ 199     $ 320     $ 38       —         —       $ 72       —         —         —       $ 629  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Unpaid principal

   $ 225     $ 331     $ 41       —         —       $ 76       —         —         —       $ 673  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Related allowance

   $ 28     $ 163     $ 27       —         —       $ 35       —         —         —       $ 253  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Average recorded Investment

   $ 213     $ 121     $ 148       —         —       $ 43       —         —         —       $ 525  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Interest income Recognized

   $ 9     $ 12     $ 1       —         —       $ 2       —         —         —       $ 24  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
   
    Impaired Originated Loans – As of March 31, 2012  
    RE Mortgage     Home Equity     Auto
Indirect		     Other
Consumer		     C&I     Construction        
(In thousands)   Resid.     Comm.     Lines     Loans           Resid.     Comm.     Total  

With no relatedallowance recorded:

                                                                                

Recorded investment

   $ 7,288     $ 61,224     $ 4,039     $ 188     $ 311     $ 55     $ 8,453     $ 4,631     $ 629     $ 86,818  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Unpaid principal

   $ 9,377     $ 72,273     $ 6,755     $ 488     $ 568     $ 80     $ 9,110     $ 9,642     $ 953     $ 109,246  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Average recorded Investment

   $ 8,079     $ 52,833     $ 5,053     $ 479     $ 467     $ 44     $ 6,597     $ 5,315     $ 3,570     $ 82,437  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Interest income Recognized

   $ 22     $ 375     $ 4     $ 1     $ 1       —       $ 33       —       $ 3     $ 439  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

With anallowance recorded:

                                                                                

Recorded investment

   $ 3,040     $ 6,521     $ 4,332     $ 361     $ 93     $ 45     $ 833     $ 975     $ 6,485     $ 22,685  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Unpaid principal

   $ 3,524     $ 7,010     $ 5,389     $ 720     $ 117     $ 47     $ 873     $ 2,071     $ 6,523     $ 26,274  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Related allowance

   $ 559     $ 1,043     $ 1,498     $ 59     $ 14     $ 17     $ 357     $ 78     $ 1,048     $ 4,673  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Average recorded Investment

   $ 3,399     $ 10,714     $ 3,690     $ 188     $ 297     $ 46     $ 704     $ 815     $ 3,725     $ 23,578  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Interest income Recognized

   $ 6     $ 62     $ 11       —         —         —       $ 7     $ 2     $ 94     $ 182  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

The following tables show the recorded investment (financial statement balance), unpaid principal balance, average recorded investment, and interest income recognized for impaired PNCI loans, segregated by those with no related allowance recorded and those with an allowance recorded for the periods indicated.

 

                                                                                 
    Impaired PNCI Loans – As of March 31, 2012  
    RE Mortgage     Home Equity     Auto
Indirect		     Other
Consumer		     C&I     Construction  
(In thousands)   Resid.     Comm.     Lines     Loans           Resid.     Comm.     Total  

With no relatedallowance recorded:

                                                                                

Recorded investment

     —       $ 2,072     $ 326       —         —       $ 77       —         —         —       $ 2,475  

Unpaid principal

     —       $ 2,075     $ 363       —         —       $ 78       —         —         —       $ 2,516  

Average recorded

                                                                                

Investment

     —       $ 1,036     $ 163       —         —       $ 39       —         —         —       $ 1,238  

Interest income

                                                                                

Recognized

     —       $ 26       —         —         —       $ 1       —         —         —       $ 27  

With anallowance recorded:

                                                                                

Recorded investment

   $ 162       —       $ 80       —         —         —         —         —         —       $ 242  

Unpaid principal

   $ 162       —       $ 84       —         —         —         —         —         —       $ 246  

Related allowance

   $ 23       —       $ 80       —         —         —         —         —         —       $ 103  

Average recorded

                                                                                

Investment

   $ 81       —       $ 40       —         —         —         —         —         —       $ 121  

Interest income

                                                                                

Recognized

   $ 3       —         —         —         —         —         —         —         —       $ 3  

At March 31, 2013, $51,458,000 of Originated loans were TDR and classified as impaired. The Company had obligations to lend $92,000 of additional funds on these TDR as of March 31, 2013. At March 31, 2013, $954,000 of PNCI loans were TDR and classified as impaired. The Company had no obligations to lend additional funds on these TDR as of March 31, 2013.

At December 31, 2012, $57,223,000 of Originated loans were TDR and classified as impaired. The Company had obligations to lend $137,000 of additional funds on these TDR as of December 31, 2012. At December 31, 2012, $950,000 of PNCI loans were TDR and classified as impaired. The Company had no obligations to lend additional funds on these TDR as of December 31, 2012.

The following table shows certain information regarding Troubled Debt Restructurings (TDRs) that occurred during the period indicated:

 

                                                                                 
    TDR Information for the Three Months Ended March 31, 2013  
    RE Mortgage     Home Equity     Auto
Indirect		     Other
Consum.		     C&I     Construction  
(In thousands)   Resid.     Comm.     Lines     Loans           Resid.     Comm.     Total  

Number

     —         —         3       —         —         —         —         —         —         3  

Pre-modification out-standing principal balance

     —         —       $ 257       —         —         —         —         —         —       $ 257  

Post-modification out-standing principal balance

     —         —       $ 260       —         —         —         —         —         —       $ 260  

Financial Impact due to troubled debt restructure taken as additional provision

     —         —         —         —         —         —         —         —         —         —    

Number that defaulted during the period

     —         —         —         —         —         —         —         —         —         —    

Recorded investment of

                                                                                

TDRs that defaulted during the period

     —         —         —         —         —         —         —         —         —         —    

Financial Impact due to the default of previous troubled debt restructure taken as charge-offs or additional provisions

     —         —         —         —         —         —         —         —         —         —    

The following table shows certain information regarding TDRs that occurred during the period indicated:

 

                                                                                 
    TDR Information for the Three Months Ended March 31, 2012  
    RE Mortgage     Home Equity     Auto
Indirect		     Other
Consum.		     C&I     Construction              
(In thousands)   Resid.     Comm.     Lines     Loans           Resid.     Comm.     Total  

Number

     2       7       2       —         —         1       1       2       —         15  

Pre-modification out-standing principal balance

   $ 650     $ 1,561     $ 436       —         —       $ 38     $ 249     $ 230       —       $ 3,164  

Post-modification out-standing principal balance

   $ 669     $ 1,523     $ 464       —         —       $ 38     $ 249     $ 232       —       $ 3,175  

Financial Impact due to troubled debt restructure taken as additional provision

     —         —       $ 16       —         —         —         —         —         —       $ 16  

Number that defaulted during the period

     1       4       —         —         —         —         —         —         1       6  

Recorded investment of TDRs that defaulted during the period

   $ 112     $ 2,632       —         —         —         —         —         —       $ 39     $ 2,783  

Financial Impact due to the default of previous troubled debt restructure taken as charge-offs or additional provisions

     —         —         —         —         —         —         —         —         —         —    

Modifications classified as Troubled Debt Restructurings can include one or a combination of the following:

 

  •  

Rate modifications

 

  •  

Term extensions

 

  •  

Interest only modifications, either temporary or long-term

 

  •  

Payment modifications

 

  •  

Collateral substitutions/additions

For all new Troubled Debt Restructurings, an impairment analysis is conducted. If the loan is determined to be collateral dependent, any additional amount of impairment will be calculated based on the difference between estimated collectible value and the current carrying balance of the loan. This difference could result in an increased provision and is typically charged off. If the asset is determined not to be collateral dependent, the impairment is measured on the net present value difference between the estimated cash flows of the restructured loan and the cash flows which would have been received under the original terms. The effect of this could result in a requirement for additional provision to the reserve. The effect of these required provisions for the period are indicated above.

Typically if a TDR defaults during the period, the loan is then considered collateral dependent and, if it was not already considered collateral dependent, an appropriate provision will be reserved or charge will be taken. The additional provisions required resulting from default of previously modified TDR’s are noted above.