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Allowance for Loan Losses
 9 Months Ended
Sep. 30, 2012
Allowance for Loan Losses  
Allowance for Loan Losses

Note 4 – Allowance for Loan Losses

 

Changes in the allowance for loan losses by segment of loans based on method of impairment for the three and nine months ended September 30, 2012, were as follows:

 

Allowance for credit losses:

 

Commercial

 

Real Estate
Commercial 1

 

Real Estate
Construction

 

Real Estate
Residential

 

Consumer

 

Unallocated

 

Total

 

Three months Ended September 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

4,783

 

$

23,766

 

$

5,501

 

$

4,141

 

$

1,063

 

$

1,032

 

$

40,286

 

Charge-offs

 

2

 

355

 

909

 

1,230

 

186

 

-

 

2,682

 

Recoveries

 

22

 

76

 

2,202

 

219

 

134

 

-

 

2,653

 

Provision

 

(251)

 

(939)

 

(2,366)

 

1,342

 

104

 

2,110

 

-

 

Ending balance

 

$

4,552

 

$

22,548

 

$

4,428

 

$

4,472

 

$

1,115

 

$

3,142

 

$

40,257

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months Ended September 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of year

 

$

5,070

 

$

30,770

 

$

7,937

 

$

6,335

 

$

884

 

$

1,001

 

$

51,997

 

Charge-offs

 

110

 

12,694

 

4,251

 

6,416

 

463

 

-

 

23,934

 

Recoveries

 

32

 

1,698

 

3,373

 

452

 

355

 

-

 

5,910

 

Provision

 

(440)

 

2,774

 

(2,631)

 

4,101

 

339

 

2,141

 

6,284

 

Ending balance

 

$

4,552

 

$

22,548

 

$

4,428

 

$

4,472

 

$

1,115

 

$

3,142

 

$

40,257

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: Individually evaluated for impairment

 

$

514

 

$

3,113

 

$

1,408

 

$

2,550

 

$

-

 

$

-

 

$

7,585

 

Ending balance: Collectively evaluated for impairment

 

$

4,038

 

$

19,435

 

$

3,020

 

$

1,922

 

$

1,115

 

$

3,142

 

$

32,672

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financing receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

84,667

 

$

621,715

 

$

48,606

 

$

436,837

 

$

3,167

 

$

13,297

 

$

1,208,289

 

Ending balance: Individually evaluated for impairment

 

$

1,157

 

$

56,176

 

$

15,988

 

$

30,919

 

$

-

 

$

-

 

$

104,240

 

Ending balance: Collectively evaluated for impairment

 

$

83,510

 

$

565,539

 

$

32,618

 

$

405,918

 

$

3,167

 

$

13,297

 

$

1,104,049

 

 

1 As of September 30, 2012, this segment consisted of performing loans that included a higher risk pool of loans rated as substandard that totaled $19.7 million.  The amount of general allocation that was estimated for that portion of these performing substandard rated loans was $2.2 million at September 30, 2012.

 

Changes in the allowance for loan losses by segment of loans based on method of impairment for the three and nine months ended September 30, 2011, were as follows:

 

Allowance for credit losses:

 

Commercial

 

Real Estate
Commercial 1

 

Real Estate
Construction

 

Real Estate
Residential

 

Consumer

 

Unallocated

 

Total

 

Three months Ended September 30, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

5,666

 

$

36,776

 

$

13,325

 

$

8,217

 

$

819

 

$

1,215

 

$

66,018

 

Charge-offs

 

143

 

4,675

 

2,029

 

3,882

 

169

 

-

 

10,898

 

Recoveries

 

109

 

771

 

594

 

128

 

130

 

-

 

1,732

 

Provision

 

(874)

 

2,221

 

(352)

 

1,917

 

114

 

(26)

 

3,000

 

Ending balance

 

$

4,758

 

$

35,093

 

$

11,538

 

$

6,380

 

$

894

 

$

1,189

 

$

59,852

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months Ended September 30, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of year

 

$

6,764

 

$

42,242

 

$

18,344

 

$

6,999

 

$

880

 

$

1,079

 

$

76,308

 

Charge-offs

 

298

 

15,752

 

7,228

 

7,266

 

433

 

-

 

30,977

 

Recoveries

 

153

 

3,837

 

1,212

 

1,467

 

352

 

-

 

7,021

 

Provision

 

(1,861)

 

4,766

 

(790)

 

5,180

 

95

 

110

 

7,500

 

Ending balance

 

$

4,758

 

$

35,093

 

$

11,538

 

$

6,380

 

$

894

 

$

1,189

 

$

59,852

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: Individually evaluated for impairment

 

$

376

 

$

6,377

 

$

6,037

 

$

2,106

 

$

-

 

$

-

 

$

14,896

 

Ending balance: Collectively evaluated for impairment

 

$

4,382

 

$

28,716

 

$

5,501

 

$

4,274

 

$

894

 

$

1,189

 

$

44,956

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financing receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

109,812

 

$

730,554

 

$

77,958

 

$

489,985

 

$

4,187

 

$

11,461

 

$

1,423,957

 

Ending balance: Individually evaluated for impairment

 

$

948

 

$

64,574

 

$

39,940

 

$

30,245

 

$

-

 

$

-

 

$

135,707

 

Ending balance: Collectively evaluated for impairment

 

$

108,864

 

$

665,980

 

$

38,018

 

$

459,740

 

$

4,187

 

$

11,461

 

$

1,288,250

 

 

1 As of September 30, 2011, this segment consisted of performing loans that included a higher risk pool of loans rated as substandard that totaled $74.6 million.  The amount of general allocation that was estimated for that portion of these performing substandard rated loans was $14.1 million at September 30, 2011.