XML 38 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
Loans and Allowance (Tables)
 6 Months Ended
Jun. 30, 2013
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 periods indicated:
 

June 30, 2013

December 31, 2012
Commercial and industrial loans
$
657,764


$
622,579

Agricultural production financing and other loans to farmers
105,175


112,527

Real estate loans:
 

 
Construction
101,909


98,639

Commercial and farmland
1,272,761


1,266,682

Residential
460,108


473,537

Home Equity
203,788


203,406

Individuals' loans for household and other personal expenditures
79,258


75,748

Lease financing receivables, net of unearned income
1,828


2,590

Other loans
37,489


46,501

 Loans
2,920,080


2,902,209

Allowance for loan losses
(68,202
)

(69,366
)
Net Loans
$
2,851,878


$
2,832,843
Changes in Allowance for Loan Losses
The following tables summarize changes in the allowance for loan losses by loan segment for the three and six months ended June 30, 2013, and June 30, 2012:
 
 
Three Months Ended June 30, 2013
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, April 1
$
25,371


$
24,978


$
2,689


$
15,479


$
20


$
68,537

Provision for losses
1,917


(673
)

225


497


31


1,997

Recoveries on loans
683


1,389


107


347




2,526

Loans charged off
(1,408
)

(2,089
)

(136
)

(1,210
)

(15
)

(4,858
)
Balances, June 30, 2013
$
26,563


$
23,605


$
2,885


$
15,113


$
36


$
68,202


 
Six Months Ended June 30, 2013
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, January 1
$
25,913


$
26,703


$
2,593


$
14,157





$
69,366

Provision for losses
2,275


(1,428
)

298


2,903


$
51


4,099

Recoveries on loans
2,556


2,765


316


635





6,272

Loans charged off
(4,181
)

(4,435
)

(322
)

(2,582
)

(15
)

(11,535
)
Balances, June 30, 2013
$
26,563


$
23,605


$
2,885


$
15,113


$
36


$
68,202


 
Three Months Ended June 30, 2012
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, April 1
$
15,574


$
37,907


$
2,805


$
14,083




$
70,369

Provision for losses
4,325


(750
)

(177
)

1,147




4,545

Recoveries on loans
519


1,636


168


481




2,804

Loans charged off
(2,627
)

(3,660
)

(365
)

(923
)



(7,575
)
Balances, June 30, 2012
$
17,791


$
35,133


$
2,431


$
14,788




$
70,143


 
Six Months Ended June 30, 2012
 
Commercial

Commercial
Real Estate

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
4,902


1,028


(161
)

3,655


(4
)

9,420

Recoveries on loans
667


1,864


376


794


1


3,702

Loans charged off
(5,509
)

(5,678
)

(686
)

(2,004
)



(13,877
)
Balances, June 30, 2012
$
17,791


$
35,133


$
2,431


$
14,788





$
70,143
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 as of the periods indicated:
 
 
June 30, 2013
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
1,353


$
2,754




$
5


 

$
4,112

Collectively evaluated for impairment
24,941


20,708


$
2,885


15,084


$
36


63,654

Loans Acquired with Deteriorated Credit Quality
269


143





24




436

Total Allowance for Loan Losses
$
26,563


$
23,605


$
2,885


$
15,113


$
36


$
68,202

Loan Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
10,114


$
36,690


 

$
6,269


 

$
53,073

Collectively evaluated for impairment
789,354


1,328,427


$
79,258


656,900


$
1,828


2,855,767

Loans Acquired with Deteriorated Credit Quality
960


9,553





727





11,240

Loans
$
800,428


$
1,374,670


$
79,258


$
663,896


$
1,828


$
2,920,080

 
 
 
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

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
Summary of Non-Accrual Loans by Loan class
The following table summarizes the Corporation’s non-accrual loans by loan class as of the periods indicated:
 

June 30, 2013

December 31, 2012
Commercial and industrial loans
$
8,543


$
12,195

Agriculture Production financing and other loans to farmers
33



Real Estate Loans:
 

 
Construction
2,492


4,814

Commercial and farmland
15,352


22,612

Residential
11,148


11,476

Home Equity
1,234


1,997

Lease financing receivables, net of unearned income



301

Other Loans
169


4

Total
$
38,971


$
53,399
Composition of Impaired Loans by Loan Class
The following tables show the composition of the Corporation’s commercial impaired loans by loan class for the periods indicated:
 
 
 

 

 
 
June 30, 2013
 
Unpaid
Principal
Balance

Recorded
Investment

Related
Allowance
Impaired loans with no related allowance:
 

 


Commercial and industrial loans
$
17,836


$
5,556




Agriculture production financing and other loans to farmers
34


33




Real Estate Loans:
 

 


Construction
4,540


3,053




Commercial and farmland
44,620


32,658




Residential
8,228


5,968




Home equity
3,412


226




Other loans
140


30




Total
$
78,810


$
47,524




Impaired loans with related allowance:
 

 

 
Commercial and industrial loans
$
7,193


$
5,306


$
1,476

Real Estate Loans:
 

 

 
Construction
961


599


74

Commercial and farmland
10,249


9,177


2,823

Residential
465


235


29

Other loans
321


148


146

Total
$
19,189


$
15,465


$
4,548

Total Impaired Loans
$
97,999


$
62,989


$
4,548



 
December 31, 2012
 
Unpaid
Principal
Balance

Recorded
Investment

Related
Allowance
Impaired loans with no related allowance:
 

 

 
Commercial and industrial loans
$
28,532


$
11,730




Real Estate Loans:
 

 

 
Construction
9,787


5,164




Commercial and farmland
58,173


43,204




Residential
8,820


6,215




Home equity
4,199


1,006




Other loans
83


14




Total
$
109,594


$
67,333




Impaired loans with related allowance:
 

 

 
Commercial and industrial loans
$
4,415


$
4,155


$
1,628

Real Estate Loans:
 

 

 
Construction
1,202


1,058


105

Commercial and farmland
5,579


5,182


2,460

Residential
1,722


1,451


50

Total
$
12,918


$
11,846


$
4,243

Total Impaired Loans
$
122,512


$
79,179


$
4,243

 
Three Months Ended June 30, 2013

Six Months Ended June 30, 2013
 
Average
Recorded Investment

Interest
Income Recognized

Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 

 

 
Commercial and industrial
$
5,864


$
35


$
6,138


$
69

Agriculture production financing and other loans to farmers
33




33



Real Estate Loans:
 

 




Construction
3,060


19


3,070


38

Commercial and farmland
32,932


382


33,192


760

Residential
6,067


18


6,372


37

Home equity
226





245



Other loans
31


 

32



Total
$
48,213


$
454


$
49,082


$
904

Impaired loans with related allowance:
 

 

 

 
Commercial and industrial
$
5,669


$
3


$
6,138


$
5

Real Estate Loans:
 

 




Construction
599


 

599



Commercial and farmland
9,227




9,323



Residential
238




240



Other loans
$
152




$
156



Total
$
15,885


$
3


$
16,456


$
5

Total Impaired Loans
$
64,098


$
457


$
65,538


$
909

 
Three Months Ended June 30, 2012

Six Months Ended June 30, 2012
 
Average
Recorded Investment

Interest
Income Recognized

Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 

 

 
Commercial and industrial loans
$
11,411


$
39


$
12,418


$
64

Real Estate Loans:







Construction
8,040


16


8,581


29

Commercial and farmland
41,084


315


42,615


575

Residential
5,815


15


6,072


26

Home equity
570


3


585


6

Individuals' loans for household and other personal expenditures
139




139



Other loans
18




19



Total
$
67,077


$
388


$
70,429


$
700

Impaired loans with related allowance:







Commercial and industrial loans
$
6,111


$
11


$
6,136


$
21

Real Estate Loans:







Construction
1,931




1,936



Commercial and farmland
8,369


45


8,505


89

Residential
2,012


19


1,993


38

Total
$
18,423


$
75


$
18,570


$
148

Total Impaired Loans
$
85,500


$
463


$
88,999


$
848
Credit Quality of Loan Portfolio by Loan Class
The following tables summarize the credit quality of the Corporation’s loan portfolio, by loan class as of the periods 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.
 
 
June 30, 2013
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
606,312


$
24,198


$
25,352


$
1,902




 

 

$
657,764

Agriculture production financing and other loans to farmers
104,928


214


33


 



 

 

105,175

Real Estate Loans:
 

 

 

 



 

 

 
Construction
87,384


7,880


6,253


 



 

$
392


101,909

Commercial and farmland
1,164,325


44,639


63,212


350




 

235


1,272,761

Residential
140,813


1,468


14,258


140




$
296,399


7,030


460,108

Home equity
10,034


663


866


 



191,023


1,202


203,788

Individuals' loans for household and other personal expenditures
 

 

 

 



79,258





79,258

Lease financing receivables, net of unearned income
1,695


 

133


 









1,828

Other loans
37,311


9


169


 



 

 

37,489

Loans
$
2,152,802


$
79,071


$
110,276


$
2,392




$
566,680


$
8,859


$
2,920,080

 
 
December 31, 2012
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
559,852


$
23,678


$
34,460


$
4,589




 

 

$
622,579

Agriculture production financing and other loans to farmers
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
Past Due Aging of Loan Portfolio by Loan Class
The following table shows a past due aging of the Corporation’s loan portfolio, by loan class as of June 30, 2013, and December 31, 2012:

 
June 30, 2013
 
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 loans
$
648,160


$
720


$
341





$
8,543


$
9,604


$
657,764

Agriculture production financing and other loans to farmers
105,142











33


33


105,175

Real Estate Loans:
 

 

 

 

 

 

 
Construction
99,398


19




 

2,492


2,511


101,909

Commercial and farmland
1,252,554


4,424


431





15,352


20,207


1,272,761

Residential
442,918


3,828


1,335


$
879


11,148


17,190


460,108

Home equity
201,041


755


565


193


1,234


2,747


203,788

Individuals' loans for household and other personal expenditures
78,652


532


74







606


79,258

Lease financing receivables, net of unearned income
1,828




 









1,828

Other loans
37,320


 

 

 

169


169


37,489

Loans
$
2,867,013


$
10,278


$
2,746


$
1,072


$
38,971


$
53,067


$
2,920,080

 
 
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 loans
$
607,442


$
2,628


$
144


$
170


$
12,195


$
15,137


$
622,579

Agriculture production financing and other loans to farmers
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
Summary of Troubled Debt Restructurings
The following tables summarize troubled debt restructurings that occurred during the periods indicated:
 

Three Months Ended June 30, 2013

Six Months Ended June 30, 2013

Pre-Modification
Recorded
Balance

Post-Modification
Recorded
Balance

Number
of
Loans

Pre-Modification
Recorded
Balance

Post-Modification
Recorded
Balance

Number
of
Loans
Commercial and industrial loans
$
36


$
36


1


$
133


$
133


4

Real Estate Loans:
 

 

 

 

 

 
Commercial and farmland
4,474


3,550


2


4,985


3,981


4

Residential
432


420


5


467


457


6

Individuals' loans for household and other personal expenditures
44


45


2


44


45


2

Total
$
4,986


$
4,051


10


$
5,629


$
4,616


16

 
 

Three Months Ended June 30, 2012

Six Months Ended June 30, 2012

Pre-Modification
Recorded
Balance

Post-Modification
Recorded
Balance

Number
of
Loans

Pre-Modification
Recorded
Balance

Post-Modification
Recorded
Balance

Number
of
Loans
Commercial and industrial loans
$
166


$
166


2


$
405


$
405


4

Real Estate Loans:
 

 

 

 

 

 
Construction
491


350


1


491


350


1

Commercial and farmland
730


735


4


2,508


2,369


6

Residential
1,733


1,598


11


1,957


1,822


15

Total
$
3,120


$
2,849


18


$
5,361


$
4,946


26
Summary of Troubled Debt Restructurings and Subsequent Defaults
The following tables show the recorded investment of troubled debt restructurings, by modification type, that occurred during the periods indicated:
 

Three Months Ended June 30, 2013

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans
$
36







$
36

Real Estate Loans:
 

 

 

 
Commercial and farmland
 




$
3,549


3,549

Residential
 

$
100


319


419

Individuals' loans for household and other personal expenditures
 




45


45

Total
$
36


$
100


$
3,913


$
4,049



Six Months Ended June 30, 2013

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans
$
60




$
66


$
126

Real Estate Loans:
 

 

 

 
Commercial and farmland






3,935


3,935

Residential



$
100


355


455

Individuals' loans for household and other personal expenditures
 




45


45

Total
$
60


$
100


$
4,401


$
4,561

 

Three Months Ended June 30, 2012

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans





$
31


$
31

Real Estate Loans:
 

 

 

 
Construction
 



346


346

Commercial and farmland
$
82





599


681

Residential
531


$
258


720


1,509

Total
$
613


$
258


$
1,696


$
2,567

 

Six Months Ended June 30, 2012

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans
$
238




$
31


$
269

Real Estate Loans:
 

 

 

 
Construction
 



346


346

Commercial and farmland
1,717





599


2,316

Residential
531


$
258


944


1,733

Total
$
2,486


$
258


$
1,920


$
4,664
Commercial Non-Impaired Loans Included in ASC 450 Loss Migration Analysis
The following tables summarize troubled debt restructures that occurred during the twelve months ended June 30, 2013, and June 30, 2012, that subsequently defaulted during the period indicated:
 

Three Months Ended June 30, 2013

Six Months Ended June 30, 2013

Number of
Loans

Recorded
Balance

Number of
Loans

Recorded
Balance
Commercial and Industrial loans
1


$
3


1


$
3

Real Estate Loans:
 

 

 

 
Commercial and farmland






1


223

Total
1


$
3


2


$
226

 
 

Three Months Ended June 30, 2012

Six Months Ended June 30, 2012

Number of
Loans

Recorded
Balance

Number of
Loans

Recorded
Balance
Commercial and Industrial loans





1


$
46

Real Estate Loans:
 

 

 

 
Commercial and farmland
2

$
445


3


1,203

Residential
5

2,283


5


2,283

Total
7

$
2,728


9


$
3,532