XML 155 R41.htm IDEA: XBRL DOCUMENT v2.4.0.8
Loans and Allowance (Tables)
 12 Months Ended
Dec. 31, 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 years indicated:


December 31, 2013

December 31, 2012

 

 
Commercial and industrial loans
$
761,705


$
622,579

Agricultural production financing and other loans to farmers
114,348


112,527

Real estate loans:



Construction
177,082


98,639

Commercial and farmland
1,611,809


1,266,682

Residential
616,385


473,537

Home Equity
255,223


203,406

Individuals' loans for household and other personal expenditures
69,783


75,748

Lease financing receivables, net of unearned income
1,545


2,590

Other loans
24,529


46,501

Loans
3,632,409


2,902,209

Allowance for loan losses
(67,870
)

(69,366
)
Net Loans
$
3,564,539


$
2,832,843
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, 2013, December 31, 2012 and December 31, 2011:
 
 
Twelve Months Ended December 31, 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
2,794


340


(11
)

3,514


$
11


6,648

Recoveries on loans
4,586


3,552


556


1,292


4


9,990

Loans charged off
(6,117
)

(7,493
)

(623
)

(3,886
)

(15
)

(18,134
)
Balances, December 31, 2013
$
27,176


$
23,102


$
2,515


$
15,077





$
67,870

 

 
Twelve Months Ended December 31, 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
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

Commercial Real Estate

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
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, 2013
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
585


$
763





$
6




$
1,354

Collectively evaluated for impairment
26,493


22,208


$
2,515


15,071





66,287

Loans Acquired with Deteriorated Credit Quality
98


131











229

Total Allowance for Loan Losses
$
27,176


$
23,102


$
2,515


$
15,077




$
67,870

Loan Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
10,240


$
29,007





$
2,820




$
42,067

Collectively evaluated for impairment
882,794


1,690,285


$
69,783


867,094


$
1,545


3,511,501

Loans Acquired with Deteriorated Credit Quality
7,548


69,599





1,694





78,841

Loans
$
900,582


$
1,788,891


$
69,783


$
871,608


$
1,545


$
3,632,409

 
 

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
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, 2013

December 31, 2012
Commercial and industrial loans
$
9,283


$
12,195

Agriculture Production financing and other loans to farmers
30

 
 
Real Estate Loans:


 
Construction
4,978


4,814

Commercial and farmland
28,095


22,612

Residential
12,068


11,476

Home Equity
1,667


1,997

Individuals' loans for household and other personal expenditures
117



Lease financing receivables, net of unearned income


301

Other Loans
164


4
Total
$
56,402


$
53,399
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, 2013
 
Unpaid Principal
Balance

Recorded
Investment

Related
Allowance

Average Recorded Investment

Interest Income Recognized
Impaired loans with no related allowance:
 

 

 

 

 
Commercial and industrial loans
$
35,066


$
16,371


 

$
19,209


$
192

Agriculture production financing and other loans to farmers
32


30


 

32


 
Real Estate Loans:
 

 

 

 

 
Construction
16,109


10,625


 

11,621


117

Commercial and farmland
128,073


83,033


 

84,057


1,663

Residential
6,746


3,910


 

4,236


75

Home equity
3,299


112


 

225




Other loans
454


172


 

181


1

Total
$
189,779


$
114,253


 

$
119,561


$
2,048

Impaired loans with related allowance:
 

 

 

 

 
Commercial and industrial loans
$
1,390


$
1,216


$
683


$
1,240


$
9

Real Estate Loans:
 

 

 

 

 
Construction












 
Commercial and farmland
4,657


4,215


894


4,291


9

Residential
74


71


6


76




Total
$
6,121


$
5,502


$
1,583


$
5,607


$
18

Total Impaired Loans
$
195,900


$
119,755


$
1,583


$
125,168


$
2,066





 
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 loans
$
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 loans
$
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 loans
$
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 loans
$
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
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. Loans that evidenced deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected are included in the applicable categories below.

 
December 31, 2013
 
Commercial Pass

Commercial Special Mention

Commercial Substandard

Commercial Doubtful

Commercial Loss

Consumer Performing

Consumer
Non Performing

Total
Commercial and Industrial loans
$
708,835


$
11,332


$
41,013


$
525


 

 

 

$
761,705

Agriculture production financing and other loans to farmers
114,318





30




 

 

 

114,348

Real Estate Loans:


 

 

 

 

 

 


Construction
162,976


1,132


12,029




 




$
945


177,082

Commercial and farmland
1,473,714


57,676


80,184





 




235


1,611,809

Residential
143,657


2,232


11,494


136


 

$
448,494


10,372


616,385

Home Equity
6,194


35


1,184




 

246,101


1,709


255,223

Individuals' loans for household and other personal expenditures
 

 

 

 

 

69,666


117


69,783

Lease financing receivables, net of unearned income
1,420




125




 






1,545

Other Loans
24,334





195





 





24,529

Loans
$
2,635,448


$
72,407


$
146,254


$
661


                        

$
764,261


$
13,378


$
3,632,409



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


December 31, 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
$
749,020


$
2,628


$
774





$
9,283


$
12,685


$
761,705

Agriculture production financing and other loans to farmers
114,305


13








30


43


114,348

Real Estate Loans:
 

 

 

 

 



 
Construction
171,046


1,058


 

 

4,978


6,036


177,082

Commercial and farmland
1,573,403


3,807


5,801


$
703


28,095


38,406


1,611,809

Residential
595,192


7,156


1,475


494


12,068


21,193


616,385

Home equity
251,188


1,652


563


153


1,667


4,035


255,223

Individuals' loans for household and other personal expenditures
69,061


550


55


 

117


722


69,783

Lease financing receivables, net of unearned income
1,545


 

 

 







1,545

Other loans
24,365


 

 

 

164


164


24,529

Loans
$
3,549,125


$
16,864


$
8,668


$
1,350


$
56,402


$
83,284


$
3,632,409

 
 

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 ended December 31, 2013 and December 31, 2012:
 
December 31, 2013

Pre-Modification
Recorded Balance

Post-Modification
Recorded Balance

Number
of Loans
Commercial and industrial loans
$
295


$
316


5

Real Estate Loans:
 

 

 
Commercial and farmland
6,506


5,492


11

Residential
809


804


12

Individuals' loans for household and other personal expenditures
143


145


4

Total
$
7,753


$
6,757


32

 
 
 
December 31, 2012

Pre-Modification
Recorded Balance

Post-Modification
Recorded Balance

Number
of Loans
Commercial and industrial loans
$
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
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, 2013

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans
$
207




$
60


$
267

Real Estate Loans:
 

 

 

 
Commercial and farmland
1,388





1,985


3,373

Residential
167


$
237


351


755

Individuals' loans for household and other personal expenditures
61


38


25


124

Total
$
1,823


$
275


$
2,421


$
4,519



 
December 31, 2012

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans
$
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
Summary of Troubled Debt Restructurings and Subsequent Defaults
The following tables summarize troubled debt restructures that occurred during the twelve months ended December 31, 2013 and December 31, 2012, that subsequently defaulted during those periods:


Twelve Months Ended December 31, 2013
 
Number of Loans

Recorded Balance
Commercial and industrial loans
3


$
173

Real Estate Loans:



Commercial and farmland
2


1,034

Total
5


$
1,207




Twelve Months Ended December 31, 2012
 
Number of Loans

Recorded Balance
Commercial and industrial loans
1


$
23

Real Estate Loans:



Commercial and farmland
2


212

Residential
4


385

Total
7


$
620