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Allowance for Loan Losses
 12 Months Ended
Dec. 31, 2013
Allowance for Loan Losses  
Allowance for Loan Losses

Note 5: Allowance for Loan Losses

 

Changes in the allowance for loan losses by segment of loans based on method of impairment as of and for the year ending December 31, 2013, were as follows:

 

 

 

 

 

Real Estate

 

Real Estate

 

Real Estate

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial1

 

Construction

 

Residential

 

Consumer

 

Unallocated

 

Total

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

  $

4,517  

 

  $

20,100  

 

  $

3,837  

 

  $

4,535  

 

  $

1,178  

 

  $

4,430  

 

  $

38,597  

 

Charge-offs

 

316  

 

2,985  

 

1,014  

 

6,293  

 

597  

 

-  

 

11,205  

 

Recoveries

 

119  

 

5,325  

 

1,266  

 

1,221  

 

508  

 

-  

 

8,439  

 

Provision

 

(2,070) 

 

(5,677) 

 

(2,109) 

 

3,374  

 

350  

 

(2,418) 

 

(8,550) 

 

Ending balance

 

  $

2,250  

 

  $

16,763  

 

  $

1,980  

 

  $

2,837  

 

  $

1,439  

 

  $

2,012  

 

  $

27,281  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: Individually evaluated for impairment

 

  $

-  

 

  $

1,152  

 

  $

355  

 

  $

888  

 

  $

-  

 

  $

-  

 

  $

2,395  

 

Ending balance: Collectively evaluated for impairment

 

  $

2,250  

 

  $

15,611  

 

  $

1,625  

 

  $

1,949  

 

  $

1,439  

 

  $

2,012  

 

  $

24,886  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

  $

104,805  

 

  $

560,233  

 

  $

29,351  

 

  $

390,201  

 

  $

2,760  

 

  $

13,906  

 

  $

1,101,256  

 

Ending balance: Individually evaluated for impairment

 

  $

27  

 

  $

21,116  

 

  $

4,746  

 

  $

20,681  

 

  $

-  

 

  $

-  

 

  $

46,570  

 

Ending balance: Collectively evaluated for impairment

 

  $

104,778  

 

  $

539,117  

 

  $

24,605  

 

  $

369,520  

 

  $

2,760  

 

  $

13,906  

 

  $

1,054,686  

 

 

1 As of December 31, 2013, this segment consisted of performing loans that included a higher risk pool of loans rated as substandard that totaled $17.2 million.  The amount of general allocation that was estimated for that portion of these performing substandard rated loans was $2.1 million at December 31, 2013.

 

The Company’s allowance for loan loss is calculated in accordance with GAAP and relevant supervisory guidance.  All management estimates were made in light of observable trends within loan portfolio segments, market conditions and established credit review administration practices.

 

Changes in the allowance for loan losses by segment of loans based on method of impairment as of and for the year ending December 31, 2012, were as follows:

 

 

 

 

 

Real Estate

 

Real Estate

 

Real Estate

 

 

 

 

 

 

 

 

 

Commercial

 

Commercial1

 

Construction

 

Residential

 

Consumer

 

Unallocated

 

Total

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

  $

5,070  

 

  $

30,770  

 

  $

7,937  

 

  $

6,335  

 

  $

884  

 

  $

1,001  

 

  $

51,997  

 

Charge-offs

 

344  

 

13,508  

 

4,969  

 

8,406  

 

638  

 

-  

 

27,865  

 

Recoveries

 

115  

 

3,576  

 

3,420  

 

583  

 

487  

 

-  

 

8,181  

 

Provision

 

(324) 

 

(738) 

 

(2,551) 

 

6,023  

 

445  

 

3,429  

 

6,284  

 

Ending balance

 

  $

4,517  

 

  $

20,100  

 

  $

3,837  

 

  $

4,535  

 

  $

1,178  

 

  $

4,430  

 

  $

38,597  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: Individually evaluated for impairment

 

  $

458  

 

  $

2,248  

 

  $

1,113  

 

  $

2,440  

 

  $

-  

 

  $

-  

 

  $

6,259  

 

Ending balance: Collectively evaluated for impairment

 

  $

4,059  

 

  $

17,852  

 

  $

2,724  

 

  $

2,095  

 

  $

1,178  

 

  $

4,430  

 

  $

32,338  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

  $

93,001  

 

  $

579,687  

 

  $

42,167  

 

  $

414,543  

 

  $

3,101  

 

  $

17,551  

 

  $

1,150,050  

 

Ending balance: Individually evaluated for impairment

 

  $

762  

 

  $

47,581  

 

  $

11,579  

 

  $

29,040  

 

  $

23  

 

  $

-  

 

  $

88,985  

 

Ending balance: Collectively evaluated for impairment

 

  $

92,239  

 

  $

532,106  

 

  $

30,588  

 

  $

385,503  

 

  $

3,078  

 

  $

17,551  

 

  $

1,061,065  

 

 

1 As of December 31, 2012, this segment consisted of performing loans that included a higher risk pool of loans rated as substandard that totaled $22.7 million.  The amount of general allocation that was estimated for that portion of these performing substandard rated loans was $1.8 million at December 31, 2012.