XML 52 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6
Loans and Allowance (Tables)
 12 Months Ended
Dec. 31, 2012
Receivables [Abstract]  
Composition of Loan Portfolio by Loan Class
The following table shows the composition of the Corporation’s loan portfolio by loan class for the years indicated:


December 31, 2012

December 31, 2011
Loans:
 

 
Commercial and industrial loans
$
622,579


$
532,523

Agricultural production financing and other farm loans
112,527


104,526

Real estate loans:


 
Construction
98,639


81,780

Commercial and farmland
1,266,682


1,194,230

Residential
473,537


481,493

Home Equity
203,406


191,631

Individual's loans for household and other personal expenditures
75,748


84,172

Lease financing receivables, net of unearned income
2,590


3,555

Other loans
46,501


39,505

Loans
2,902,209


2,713,415

Allowance for loan losses
(69,366
)

(70,898
)
Net Loans
$
2,832,843


$
2,642,517
Changes in Allowance for Loan Losses
The following table summarizes changes in the allowance for loan losses by loan segment for the twelve months ended December 31, 2012, December 31, 2011 and December 31, 2010:
 
 
Twelve Months Ended December 31, 2012
 
Commercial

Real Estate Commercial

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, January 1
$
17,731


$
37,919


$
2,902


$
12,343


$
3


$
70,898

Provision for losses
14,749


(2,546
)

126


6,176


29


18,534

Recoveries on loans
1,744


3,652


695


1,113


2


7,206

Loans charged off
(8,311
)

(12,322
)

(1,130
)

(5,475
)

(34
)

(27,272
)
Balances, December 31, 2012
$
25,913


$
26,703


$
2,593


$
14,157





$
69,366

 

 
Twelve Months Ended December 31, 2011
 
Commercial

Real Estate Commercial

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, January 1
$
32,508


$
36,341


$
3,622


$
10,408


$
98


$
82,977

Provision for losses
(13,787
)

28,574


(221
)

8,166


(102
)

22,630

Recoveries on loans
8,828


2,811


942


1,176


7


13,764

Loans charged off
(9,818
)

(29,807
)

(1,441
)

(7,407
)




(48,473
)
Balances, December 31, 2011
$
17,731


$
37,919


$
2,902


$
12,343


$
3


$
70,898




 

 
Twelve Months Ended December 31, 2010
 
Commercial

Real Estate Commercial

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, January 1
$
48,770


$
30,189


$
2,242


$
10,751


$
179


$
92,131

Provision for losses
(180
)

37,555


2,868


6,267


(27
)

46,483

Recoveries on loans
6,750


1,420


938


2,827





11,935

Loans charged off
(22,832
)

(32,823
)

(2,426
)

(9,437
)

(54
)

(67,572
)
Balances, December 31, 2010
$
32,508


$
36,341


$
3,622


$
10,408


$
98


$
82,977
Allowance for Credit Losses and Loan Portfolio by Loan Segment
The following tables show the Corporation’s allowance for credit losses and loan portfolio by loan segment for the years indicated:
 

December 31, 2012
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
1,628


$
2,565





$
50




$
4,243

Collectively evaluated for impairment
24,285


24,138


$
2,593


14,107





65,123

Loans Acquired with Deteriorated Credit Quality

















Total Allowance for Loan Losses
$
25,913


$
26,703


$
2,593


$
14,157




$
69,366

Loan Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
14,190


$
45,394





$
8,515




$
68,099

Collectively evaluated for impairment
765,707


1,309,912


$
75,748


667,401


$
2,590


2,821,358

Loans Acquired with Deteriorated Credit Quality
1,710


10,015





1,027





12,752

Loans
$
781,607


$
1,365,321


$
75,748


$
676,943


$
2,590


$
2,902,209

 
 

December 31, 2011

Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
4,701


$
2,504


 

$
733


 

$
7,938

Collectively evaluated for impairment
13,030


35,415


$
2,902


11,610


$
3


62,960

Total Allowance for Loan Losses
$
17,731


$
37,919


$
2,902


$
12,343


$
3


$
70,898

Loan Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
18,793


$
51,980


 

$
12,546


 

$
83,319

Collectively evaluated for impairment
657,761


1,224,030


$
84,172


660,578


$
3,555


2,630,096

Loans
$
676,554


$
1,276,010


$
84,172


$
673,124


$
3,555


$
2,713,415
Summary of Non-Accrual Loans by Loan class
The following table summarizes the Corporation’s non-accrual loans by loan class for the years indicated:


December 31, 2012

December 31, 2011
Commercial and Industrial
$
12,195


$
12,246

Real Estate Loans:


 
Construction
4,814


8,990

Commercial and farmland
22,612


31,093

Residential
11,476


14,805

Home Equity
1,997


1,896

Individuals loans for household and other personal expenditures



1
Lease financing receivables, net of unearned income
301



Other Loans
4


561
Total
$
53,399


$
69,592
Composition of Impaired Loans by Loan Class
The following tables show the composition of only the Corporation’s commercial impaired loans by loan class for the years indicated:

 
December 31, 2012
 
Unpaid Principal
Balance

Recorded
Investment

Related
Allowance

Average Recorded Investment

Interest Income Recognized
Impaired loans with no related allowance:
 

 

 

 

 
Commercial and industrial
$
28,532


$
11,730


 

$
15,089


$
124

Real Estate Loans:
 

 

 

 

 
Construction
9,787


5,164


 

6,471


66

Commercial and farmland
58,173


43,204


 

46,788


1,211

Residential
8,820


6,215


 

7,129


83

Home equity
4,199


1,006


 

1,022


13

Other loans
83


14


 

18


1

Total
$
109,594


$
67,333


 

$
76,517


$
1,498

Impaired loans with related allowance:
 

 

 

 

 
Commercial and industrial
$
4,415


$
4,155


$
1,628


$
4,225


$
33

Real Estate Loans:
 

 

 

 

 
Construction
1,202


1,058


105


1,175


 
Commercial and farmland
5,579


5,182


2,460


5,239


95

Residential
1,722


1,451


50


1,458


75

Total
$
12,918


$
11,846


$
4,243


$
12,097


$
203

Total Impaired Loans
$
122,512


$
79,179


$
4,243


$
88,614


$
1,701



 
December 31, 2011
 
Unpaid Principal
Balance

Recorded
Investment

Related
Allowance

Average Recorded Investment

Interest Income Recognized
Impaired loans with no related allowance:
 

 

 

 

 
Commercial and industrial
$
23,364


$
10,116


 

$
13,399


$
615

Real Estate Loans:
 

 

 

 

 
Construction
14,301


7,701


 

8,836


 
Commercial and farmland
49,242


34,571


 

39,032


591

Residential
7,491


6,185


 

6,539


20

Home equity
4,425


1,241


 

1,500


15

Other loans
99


21


 

24



Total
$
98,922


$
59,835


 

$
69,330


$
1,241

Impaired loans with related allowance:
 

 

 

 

 
Commercial and industrial
$
8,691


$
8,104


$
4,142


$
8,196


$
174

Real Estate Loans:
 

 

 

 

 
Construction
961


961


321


961


 
Commercial and farmland
12,115


8,748


2,183


10,028


140

Residential
1,888


1,575


391


1,687


7

Other loans
579


552


559


590


 
Total
$
24,234


$
19,940


$
7,596


$
21,462


$
321

Total Impaired Loans
$
123,156


$
79,775


$
7,596


$
90,792


$
1,562

 


 
December 31, 2010
 
Unpaid Principal Balance

Recorded Investment

Related Allowance
Impaired loans with no related allowance:
 




          Commercial and industrial
$
30,006


$
16,572



               other loans to farmers
966


530



          Real Estate Loans:
 




               Construction
12,598


9,150



               Commercial and farm land
64,064


43,653



               Residential
7,909


5,153



               Home equity
4,460


1,245



          Other loans
101


14



                  Total
$
120,104


$
76,317



 
 




Impaired loans with related allowance:
 




          Commercial and industrial
$
11,477


$
11,374


$
5,250

          Real Estate Loans:
 




               Construction
9,353


7,824


2,049

               Commercial and farm land
17,984


17,076


5,496

               Residential
2,740


2,691


465

               Home equity
458


446


178

          Other loans
476


476


476

                  Total
$
42,488


$
39,887


$
13,914

Total Impaired Loans
$
162,592


$
116,204


$
13,914
Credit Quality of Loan Portfolio by Loan Class

The following tables summarize the credit quality of the Corporation’s loan portfolio, by loan class for the years indicated.  Consumer non-performing loans include accruing consumer loans 90 plus days delinquent and consumer non-accrual loans.  The entire balance of a loan is considered delinquent if the minimum payment contractually required to be made is not received by the specified date.

 
December 31, 2012
 
Commercial Pass

Commercial Special Mention

Commercial Substandard

Commercial Doubtful

Commercial Loss

Consumer Performing

Consumer
Non Performing

Total
Commercial and Industrial
$
559,852


$
23,678


$
34,460


$
4,589


 

 

 

$
622,579

Agriculture production financing and other farm loans
112,209


224


94




 

 

 

112,527

Real Estate Loans:


 

 

 

 

 

 


Construction
85,728


1,384


11,356




 




171


98,639

Commercial and farmland
1,148,561


38,199


79,078


553


 




291


1,266,682

Residential
145,402


5,437


13,880


922


 

301,614


6,282


473,537

Home Equity
9,092


893


1,657




 

189,721


2,043


203,406

Individuals loans for household and other personal expenditures
 

 

 

 

 

75,748





75,748

Lease financing receivables, net of unearned income








 

2,289


301


2,590

Other Loans
46,473





28





 





46,501

Loans
$
2,107,317


$
69,815


$
140,553


$
6,064


                        

$
569,372


$
9,088


$
2,902,209



 
December 31, 2011
 
Commercial Pass

Commercial Special Mention

Commercial Substandard

Commercial Doubtful

Commercial Loss

Consumer Performing

Consumer
Non Performing

Total
Commercial and Industrial
$
478,885


$
22,405


$
28,025


$
3,208


 

 

 

$
532,523

Agriculture production financing and other farm loans
101,289


1,582


1,655


 

 

 

 

104,526

Real Estate Loans:
 

 

 

 

 

 

 


Construction
47,611


3,672


22,376


 

 

$
7,762


$
359


81,780

Commercial and farmland
1,033,397


54,697


103,330


1,724


 

1,035


47


1,194,230

Residential
139,237


9,175


16,699


500


 

308,306


7,576


481,493

Home Equity
15,912


499


3,317


 

 

170,776


1,127


191,631

Individuals loans for household and other personal expenditures
 

 

 

 

 

84,121


51


84,172

Lease financing receivables, net of unearned income
 

 

 

 

 

3,555


 

3,555

Other Loans
38,917


15


21


552


 

 

 

39,505

Loans
$
1,855,248


$
92,045


$
175,423


$
5,984


                        

$
575,555


$
9,160


$
2,713,415
Past Due Aging of Loan Portfolio by Loan Class



The following tables show a past due aging of the Corporation’s loan portfolio, by loan class, for the years indicated:


December 31, 2012
 
Current

30-59 Days
Past Due

60-89 Days
Past Due

Loans > 90 Days
And Accruing

Non-Accrual

Total Past Due
& Non-Accrual

Total
Commercial and industrial
$
607,442


$
2,628


$
144


$
170


$
12,195


$
15,137


$
622,579

Agriculture production financing and other farm loans
112,527
















112,527

Real Estate Loans:
 

 

 

 

 

 

 
Construction
93,426


399


 

 

4,814


5,213


98,639

Commercial and farmland
1,238,907


3,276


1,822


65


22,612


27,775


1,266,682

Residential
453,743


5,734


1,338


1,246


11,476


19,794


473,537

Home equity
199,063


1,467


323


556


1,997


4,343


203,406

Individuals loans for household and other personal expenditures
74,919


799


30


 




829


75,748

Lease financing receivables, net of unearned income
2,289


 

 

 

301


301


2,590

Other loans
46,497


 

 

 

4


4


46,501

Loans
$
2,828,813


$
14,303


$
3,657


$
2,037


$
53,399


$
73,396


$
2,902,209

 
 

December 31, 2011
 
Current

30-59 Days
Past Due

60-89 Days
Past Due

Loans > 90 Days
And Accruing

Non-Accrual

Total Past Due
& Non-Accrual

Total
Commercial and industrial
$
518,764


$
1,332


$
135


$
46


$
12,246


$
13,759


$
532,523

Agriculture production financing and other farm loans
104,464


62










62


104,526

Real Estate Loans:
 

 

 

 

 

 

 
Construction
69,305


328


3,126


31


8,990


12,475


81,780

Commercial and farmland
1,140,897


16,457


5,783





31,093


53,333


1,194,230

Residential
458,925


5,485


2,087


191


14,805


22,568


481,493

Home equity
187,788


1,096


590


261


1,896


3,843


191,631

Individuals loans for household and other personal expenditures
82,837


1,075


208


51


1


1,335


84,172

Lease financing receivables, net of unearned income
3,555


 

 

 







3,555

Other loans
38,944








561


561


39,505

Loans
$
2,605,479


$
25,835


$
11,929


$
580


$
69,592


$
107,936


$
2,713,415

 
Summary of Troubled Debt Restructurings


The following tables summarize troubled debt restructurings that occurred during the periods ended December 31, 2012 and December 31, 2011:
 
December 31, 2012

Pre-Modification
Recorded Balance

Post-Modification
Recorded Balance

Number
of Loans
Commercial and Industrial
$
1,562


$
1,547


9

Real Estate Loans:
 

 

 
Construction
794


653


2

Commercial and farmland
10,366


10,154


14

Residential
2,302


2,172


20

Individuals loans for household and other personal expenditures
170


197


5

Total
$
15,194


$
14,723


50

 
 
 
December 31, 2011

Pre-Modification
Recorded Balance

Post-Modification
Recorded Balance

Number
of Loans
Commercial and Industrial
$
4,023


$
4,033


17

Real Estate Loans:


 

 
Construction
791


726


5

Commercial and farmland
17,297


15,260


19

Residential
6,892


7,076


52

Individuals loans for household and other personal expenditures
90


94


9

Other Loans
12


12


1

Total
$
29,105


$
27,201


103
Schedule of Troubled Debt Restructurings by Modification Type
The following tables show the recorded investment of troubled debt restructurings, by modification type, that occurred during the years indicated:

 
December 31, 2012

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and Industrial
$
259




$
1,029


$
1,288

Real Estate Loans:
 

 

 

 
Construction






625


625

Commercial and farmland
6,668


$
903


381


7,952

Residential
525


380


995


1,900

Individuals loans for household and other personal expenditures


7


183


190

Total
$
7,452


$
1,290


$
3,213


$
11,955



 
December 31, 2011

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and Industrial
$
3,816




$
118


$
3,934

Real Estate Loans:
 

 

 

 
Construction
581


$
125


17


723

Commercial and farmland
10,338


954


2,810


14,102

Residential
5,610


99


1,022


6,731

Home Equity
55




34


89

Other Loans
12






12

Total
$
20,412


$
1,178


$
4,001


$
25,591
Summary of Troubled Debt Restructurings and Subsequent Defaults
The following tables summarize troubled debt restructures that occurred during the twelve months ended December 31, 2012 and December 31, 2011, that subsequently defaulted during those periods:


Twelve Months Ended December 31, 2012
 
Number of Loans

Recorded Balance
Commercial and Industrial
1


$
23

Real Estate Loans:



Commercial and farmland
2


212

Residential
4


385

Total
7


$
620




Twelve Months Ended December 31, 2011
 
Number of Loans

Recorded Balance
Commercial and Industrial
3


$
471

Real Estate Loans:



Commercial and farmland
3


1,951

Residential
7


557

Individuals loans for household and other personal expenditures
1


5

Total
14


$
2,984