Loans and the Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2014

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

The following table sets forth the composition of the Corporation’s loan portfolio, including net deferred fees and costs, at June 30, 2014 and December 31, 2013:

	June 30,		December 31,
	2014		2013
	(in thousands)
Commercial and industrial	$	245,930	$	229,688
Commercial real estate		565,397		536,539
Construction		46,705		42,722
Residential mortgage		147,128		150,571
Installment		617		1,084
Subtotal		1,005,777		960,604
Net deferred loan costs		479		339
Total loans	$	1,006,256	$	960,943

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

The following table presents information about the recorded investment loan receivables on non-accrual status by class at June 30, 2014 and December 31, 2013:

Loans Receivable on Non-Accrual Status
	June 30, 2014		December 31, 2013
	(in thousands)
Commercial and industrial	$	775	$	753
Commercial real estate		1,427		744
Residential mortgage		1,830		1,640
Total loans receivable on non-accrual status	$	4,032	$	3,137

Financing Receivable Credit Quality Indicators [Table Text Block]

The following table presents information, excluding net deferred costs, about the Corporation’s loan credit quality at June 30, 2014 and December 31, 2013:

Credit Quality Indicators
	June 30, 2014
	Pass		Special Mention		Substandard		Doubtful		Total
		(in thousands)
Commercial and industrial	$	242,914	$	1,621	$	1,080	$	315	$	245,930
Commercial real estate		542,940		14,438		8,019		—		565,397
Construction		45,316		—		1,389		—		46,705
Residential mortgage		143,704		969		2,455		—		147,128
Installment		506		—		111		—		617
Total loans	$	975,380	$	17,028	$	13,054	$	315	$	1,005,777

	December 31, 2013
	Pass		Special Mention		Substandard		Doubtful		Total
	(in thousands)
Commercial and industrial	$	226,013	$	1,719	$	1,284	$	672	$	229,688
Commercial real estate		509,679		14,544		12,316		—		536,539
Construction		41,492		—		1,230		—		42,722
Residential mortgage		147,379		978		2,214		—		150,571
Installment		964		—		120		—		1,084
Total loans	$	925,527	$	17,241	$	17,164	$	672	$	960,604

Impaired Financing Receivables [Table Text Block]

The following table provides an analysis of the impaired loans, by class, at June 30, 2014 and December 31, 2013:

	June 30, 2014
	Recorded Investment		Unpaid Principal Balance		Related Allowance
	(in thousands)
No Related Allowance Recorded
Commercial and industrial	$	1,000	$	1,301	$	—
Commercial real estate		3,083		3,384		—
Residential mortgage		1,900		2,054		—
Installment		111		111		—
Total	$	6,094	$	6,850		—
With An Allowance Recorded
Commercial real estate	$	3,600	$	3,600	$	335
Total	$	3,600	$	3,600	$	335
Total
Commercial and industrial	$	1,000	$	1,301	$	—
Commercial real estate		6,683		6,984		335
Residential mortgage		1,900		2,054		—
Installment		111		111		—
Total (including related allowance)	$	9,694	$	10,450	$	335

	December 31, 2013
	Recorded Investment		Unpaid Principal Balance		Related Allowance
	(in thousands)
No Related Allowance Recorded
Commercial and industrial	$	449	$	449	$	—
Commercial real estate		10,482		10,783		—
Residential mortgage		1,858		2,000		—
Installment		120		120		—
Total	$	12,909	$	13,352	$	—
With An Allowance Recorded
Commercial and industrial	$	672	$	672	$	300
Commercial real estate		4,344		4,344		115
Total	$	5,016	$	5,016	$	415
Total
Commercial and industrial	$	1,121	$	1,121	$	300
Commercial real estate		14,826		15,127		115
Residential mortgage		1,858		2,000		—
Installment		120		120		—
Total (including related allowance)	$	17,925	$	18,368	$	415

Schedule of Average Balance and Interest Income Recognized on Impaired Loans [Table Text Block]

The following table provides an analysis related to the average recorded investment and interest income recognized on impaired loans by class as of and for the three and six months ended June 30, 2014 and 2013.

	Three Months Ended June 30,								Six Months Ended June 30,
	2014				2013				2014				2013
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Impaired loans with no related allowance recorded:
Commercial and industrial	$	1,357	$	16	$	—	$	—	$	1,370	$	30	$	—	$	—
Commercial real estate		3,112		42		1,450		19		3,123		43		1,450		38
Residential mortgage		2,229		24		—		—		2,280		31		—		—
Installment		113		1		—		—		115		3		—		—
Total	$	6,811		83	$	1,450	$	19	$	6,888	$	107	$	1,450	$	38
Impaired loans with an allowance recorded:
Commercial real estate	$	3,600	$	43	$	3,908	$	34	$	3,600	$	85	$	4,087	$	68
Residential mortgage		—		—		1,244		11		—		—		1,244		21
Total	$	3,600	$	43	$	5,152	$	45	$	3,600	$	85	$	5,331	$	89
Total impaired loans:
Commercial and industrial	$	1,357	$	16	$	—	$	—	$	1,370	$	30	$	—	$	—
Commercial real estate		6,712		85		5,358		53		6,723		128		5,537		106
Residential mortgage		2,229		24		1,244		11		2,280		31		1,244		21
Installment		113		1		—		—		115		3		—		—
Total	$	10,411	$	126	$	6,602	$	64	$	10,488	$	192	$	6,781	$	127

Past Due Financing Receivables [Table Text Block]

The following table provides an analysis of the aging of the recorded investment of loans, excluding net deferred costs that are past due at June 30, 2014 and December 31, 2013 by class:

	June 30, 2014
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Past Due		Current		Total Loans Receivable		Loans Receivable > 90 Days Past Due and Accruing
	(in thousands)
Commercial and Industrial	$	911	$	1,831	$	775	$	3,517	$	242,413	$	245,930	$	—
Commercial Real Estate		990		1,647		1,427		4,064		561,333		565,397		—
Construction		—		—		—		—		46,705		46,705		—
Residential Mortgage		775		791		1,974		3,540		143,588		147,128		144
Installment		4		—		—		4		613		617		—
Total	$	2,680	$	4,269	$	4,176	$	11,125	$	994,652	$	1,005,777	$	144

	December 31, 2013
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Past Due		Current		Total Loans Receivable		Loans Receivable > 90 Days Past Due and Accruing
	(in thousands)
Commercial and Industrial	$	18	$	—	$	753	$	771	$	228,917	$	229,688	$	—
Commercial Real Estate		221		—		744		965		535,574		536,539		—
Construction		—		—		—		—		42,722		42,722		—
Residential Mortgage		990		258		1,640		2,888		147,683		150,571		—
Installment		5		—		—		5		1,079		1,084		—
Total	$	1,234	$	258	$	3,137	$	4,629	$	955,975	$	960,604	$	—

Schedule of Recorded Investment in Financing Receivables [Table Text Block]

The following table details the amount of loans receivable that are evaluated individually, and collectively, for impairment (excluding net deferred costs), and the related portion of the allowance for loan loss that is allocated to each loan portfolio class:

	June 30, 2014
	Commercial & Industrial		Commercial Real Estate		Construction		Residential Mortgage		Installment		Unallocated		Total
	(in thousands)
Allowance for loan and lease losses:
Individually evaluated for impairment	$	—	$	335	$	—	$	—	$	—	$	—	$	335
Collectively evaluated for impairment		2,142		5,406		504		1,011		63		1,364		10,490
Total	$	2,142	$	5,741	$	504		1,011	$	63	$	1,364	$	10,825
Loans Receivable
Individually evaluated for impairment	$	1,000	$	6,683	$	—	$	1,900	$	111	$	—	$	9,694
Collectively evaluated for impairment		242,915		544,960		45,316		132,955		387		—		966,533
Loans acquired with discounts related to credit quality		2,015		13,754		1,389		12,273		119		—		29,550
Total	$	245,930	$	565,397	$	46,705	$	147,128	$	617	$	—	$	1,005,777

	December 31, 2013
	Commercial & Industrial		Commercial Real Estate		Construction		Residential Mortgage		Installment		Unallocated		Total
	(in thousands)
Allowance for loan and lease losses:
Individually evaluated for impairment	$	300	$	115	$	—	$	—	$	—	$	—	$	415
Collectively evaluated for impairment		1,398		5,631		362		990		146		1,391		9,918
Total	$	1,698	$	5,746	$	362	$	990	$	146	$	1,391	$	10,333
Loans Receivable
Individually evaluated for impairment	$	1,121	$	14,826	$	—	$	1,858	$	120	$	—	$	17,925
Collectively evaluated for impairment		226,450		505,361		41,493		135,031		839		—		909,174
Loans acquired with discounts related to credit quality		2,117		16,352		1,229		13,682		125		—		33,505
Total	$	229,688	$	536,539	$	42,722	$	150,571	$	1,084	$	—	$	960,604

Allowance for Credit Losses on Financing Receivables [Table Text Block]

A summary of the activity in the allowance for loan losses is as follows:

	Three Months Ended June 30, 2014
	Commercial & Industrial			Commercial Real Estate		Construction		Residential Mortgage			Installment			Unallocated			Total
	(in thousands)
Balance at April 1,	$	2,225		$	5,384	$	434	$	1,004		$	79		$	1,507		$	10,633
Charge offs		—			—		—		(90	)		(4	)		—			(94	)
Recoveries		—			—		—		1			1			—			2
Provision		(83	)		357		70		96			(13	)		(143	)		284
Balance at June 30,	$	2,142		$	5,741	$	504	$	1,011		$	63		$	1,364		$	10,825

	Six Months Ended June 30, 2014
	Commercial & Industrial			Commercial Real Estate			Construction		Residential Mortgage			Installment			Unallocated			Total
	(in thousands)
Balance at January 1,	$	1,698		$	5,746		$	362	$	990		$	146		$	1,391		$	10,333
Charge offs		(333	)		—			—		(90	)		(7	)		—			(430	)
Recoveries		—			—			—		11			2			—			13
Provision		777			(5	)		142		100			(78	)		(27	)		909
Balance at June 30,	$	2,142		$	5,741		$	504	$	1,011		$	63		$	1,364		$	10,825

	Three Months Ended June 30, 2013
	Commercial & Industrial		Commercial Real Estate			Construction		Residential Mortgage			Installment			Unallocated			Total
	(in thousands)
Balance at April 1,	$	2,083	$	5,353		$	284	$	1,378		$	103		$	1,031		$	10,232
Charge offs		—		(50	)		—		—			(11	)		—			(61	)
Recoveries		21		8			—		—			2			—			31
Provision		318		22			34		(37	)		(65	)		(272	)		—
Balance at June 30,	$	2,422	$	5,333		$	318	$	1,341		$	29		$	759		$	10,202

	Six Months Ended June 30, 2013
	Commercial & Industrial			Commercial Real Estate			Construction		Residential Mortgage			Installment			Unallocated		Total
	(in thousands)
Balance at January 1,	$	2,424		$	5,323		$	313	$	1,532		$	113		$	532	$	10,237
Charge offs		—			(50	)		—		—			(16	)		—		(66	)
Recoveries		21			8			—		—			2			—		31
Provision		(23	)		52			5		(191	)		(70	)		227		—
Balance at June 30,	$	2,422		$	5,333		$	318	$	1,341		$	29		$	759	$	10,202

Schedule of Debtor Troubled Debt Restructuring, Current Period [Table Text Block]

The following table presents loans by class modified as troubled debt restructurings that occurred during the six months ended June 30, 2014

	Number of Loans		Pre-Modification Outstanding Recorded Investment			Post-Modification Outstanding Recorded Investment
Troubled debt restructurings:
Commercial and industrial		1		$	672		$	315
Commercial real estate		—			—			—
Construction		—			—			—
Residential real estate		1			53			51
Installment		—			—			—
Total		2		$	725		$	366