Loans and the Allowance for Loan and Lease Losses (Tables)

6 Months Ended

Jun. 30, 2015

Receivables [Abstract]

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

The following table sets forth the composition of the Company’s loan portfolio, including net deferred loan fees, at June 30, 2015 and December 31, 2014:

	June 30, 2015			December 31, 2014
	(in thousands)
Commercial	$	568,969		$	499,816
Commercial real estate		1,751,391			1,634,510
Commercial construction		220,267			167,359
Residential real estate		224,134			234,967
Consumer		2,454			2,879
Gross loans		2,767,215			2,539,531
Net deferred loan fees		(1,927	)		(890	)
Total loans receivable	$	2,765,288		$	2,538,641

Loans and Leases Receivable Purchase Credit Impaired Loans [Table Text Block]

The carrying amount of those loans is as follows at June 30, 2015 and December 31, 2014.

	June 30, 2015		December 31, 2014
	(in thousands)
Commercial	$	7,120	$	7,199
Commercial real estate		1,803		1,816
Residential real estate		317		806
Total carrying amount	$	9,240	$	9,821

Loans and Leases Receivable Purchased Loans [Table Text Block]

The accretable yield, or income expected to be collected, on the purchased loans disclosed above for the six months ended June 30, 2015 is as follows (in thousands):

	June 30,
	2015
Balance at December 31, 2014	$	4,805
New loans purchased		—
Accretion of income		(127	)
Reclassifications from nonaccretable difference		—
Disposals		—
Balance at June 30, 2015	$	4,678

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

The following table presents information about the recorded investment in loan receivables on nonaccrual status by segment at June 30, 2015 and December 31, 2014:

Loans Receivable on Nonaccrual Status
	June 30, 2015		December 31, 2014
	(in thousands)
Commercial	$	5,070	$	616
Commercial real estate		3,903		8,197
Residential real estate		3,172		2,796
Total loans receivable on nonaccrual status	$	12,145	$	11,609

Financing Receivable Credit Quality Indicators [Table Text Block]

The following table presents information, excluding net deferred loan fees, about the Company’s loan credit quality at June 30, 2015 and December 31, 2014:

	June 30, 2015
	Pass		Special Mention		Substandard		Doubtful		Total
	(in thousands)
Commercial	$	533,287	$	22,608	$	12,810	$	264	$	568,969
Commercial real estate		1,707,191		21,488		22,712		—		1,751,391
Commercial construction		218,788		—		1,479		—		220,267
Residential real estate		220,376		—		3,758		—		224,134
Consumer		2,362		—		92		—		2,454
Total loans	$	2,682,004	$	44,096	$	40,851	$	264	$	2,767,215

	December 31, 2014
	Pass		Special Mention		Substandard		Doubtful		Total
	(in thousands)
Commercial	$	481,638	$	3,686	$	14,203	$	289	$	499,816
Commercial real estate		1,596,606		14,140		23,764		—		1,634,510
Commercial construction		165,880		1,479		—		—		167,359
Residential real estate		230,772		—		4,195		—		234,967
Consumer		2,778		—		101		—		2,879
Total loans	$	2,477,674	$	19,305	$	42,263	$	289	$	2,539,531

Impaired Financing Receivables [Table Text Block]

The following table provides an analysis of the impaired loans, by loan segment, at June 30, 2015 and December 31, 2014:

	June 30, 2015
	Recorded Investment		Unpaid Principal Balance		Related Allowance
No related allowance recorded	(in thousands)
Commercial	$	713	$	741
Commercial real estate		3,857		4,222
Residential real estate		3,446		3,849
Consumer		100		92
Total	$	8,116	$	8,904
With an allowance recorded
Commercial	$	4,357	$	4,365	$	642
Commercial real estate		1,492		1,435		249
Total	$	5,849	$	5,800	$	891
Total
Commercial	$	5,070	$	5,106	$	642
Commercial real estate		5,349		5,657		249
Residential real estate		3,446		3,849		—
Consumer		100		92		—
Total	$	13,965	$	14,704	$	891

	December 31, 2014
		Recorded Investment		Unpaid Principal Balance		Related Allowance
No related allowance recorded	(in thousands)
Commercial	$	481	$	527
Commercial real estate		5,890		6,587
Residential real estate		3,072		3,407
Consumer		109		101
Total	$	9,552	$	10,622
With an allowance recorded
Commercial	$	387	$	390	$	111
Commercial real estate		3,520		3,520		151
Total	$	3,907	$	3,910	$	262
Total
Commercial	$	868	$	917	$	111
Commercial real estate		9,410		10,107		151
Residential real estate		3,072		3,407		—
Consumer		109		101		—
Total	$	13,459	$	14,532	$	262

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 segment as of and for the three and six months ended June 30, 2015 and 2014 (in thousands):

	Three Months Ended June 30,								Six Months Ended June 30,
	2015				2014				2015				2014
	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	$	722	$	—	$	1,357	$	16	$	713	$	—	$	1,370	$	30
Commercial real estate		3,898		13		3,112		42		3,935		32		3,123		43
Residential real estate		3,481		2		2,229		24		3,512		4		2,280		31
Consumer		102		2		113		1		105		2		115		3
Total	$	8,203		17	$	6,811		83	$	8,265	$	38	$	6,888	$	107
Impaired loans with an allowance recorded:
Commercial	$	1,559	$	—	$	—	$	—	$	1,569	$	—	$	—	$	—
Commercial real estate		4,298		—		3,600		43		4,268		—		3,600		85
Total	$	5,857	$	—	$	3,600	$	43	$	5,837	$	—	$	3,600	$	85
Total impaired loans:
Commercial	$	2,281	$	—	$	1,357	$	16	$	2,282	$	—	$	1,370	$	30
Commercial real estate		8,196		13		6,712		85		8,202		32		6,723		128
Residential mortgage		3,481		2		2,229		24		3,512		4		2,280		31
Consumer		102		2		113		1		105		2		115		3
Total	$	14,060	$	17	$	10,411	$	126		14,101	$	38	$	$10,488	$	192

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 loan fees that are past due at June 30, 2015 and December 31, 2014 by segment:

Aging Analysis
	June 30, 2015
	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 or Greater Past Due and Accruing
	(in thousands)
Commercial	$	500	$	497	$	4,812	$	5,809	$	563,160	$	568,969	$	—
Commercial real estate		1,298		1,647		3,478		6,423		1,744,968		1,751,391		—
Commercial construction		—		—		—		—		220,267		220,267		—
Residential real estate		597		1,999		2,298		4,894		219,240		224,134		—
Consumer		—		—		—		—		2,454		2,454
Total	$	2,395	$	4,143	$	10,588	$	17,126	$	2,750,089	$	2,767,215	$	—

Aging Analysis
	December 31, 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 or Greater Past Due and Accruing
	(in thousands)
Commercial	$	6,060	$	—	$	662	$	6,722	$	493,094	$	499,816	$	45
Commercial real estate		4,937		638		5,961		11,535		1,622,975		1,634,510		609
Commercial construction		—		—		—		—		167,359		167,359		—
Residential real estate		1,821		210		3,200		5,231		229,736		234,967		557
Consumer		30		1		—		31		2,848		2,879		—
Total	$	12,848	$	849	$	9,823	$	23,519	$	2,516,012	$	2,539,531	$	1,211

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

The following table details, at the period presented, the amount of loans receivable that are evaluated individually, and collectively, for impairment (excluding net deferred loan fees), acquired, and the related portion of the allowance for loan and lease losses that are allocated to each loan portfolio segment:

	June 30, 2015
	Commercial		Commercial real estate		Commercial construction		Residential real estate		Consumer		Unallocated		Total
	(in thousands)
Allowance for loan and lease losses
Individually evaluated for impairment	$	642	$	249	$	—	$	—	$	—	$	—	$	891
Collectively evaluated for impairment		3,991		8,946		1,945		1,161		7		539		16,589
Acquired with deteriorated credit quality		—		—		—		—		—		—		—
Total	$	4,633	$	9,195	$	1,945	$	1,161	$	7	$	539	$	17,480
Loans receivable
Individually evaluated for impairment	$	5,070	$	5,349	$	—	$	3,446	$	100	$	—	$	13,965
Collectively evaluated for impairment		556,779		1,744,239		220,267		220,371		2,354		—		2,744,010
Acquired with deteriorated credit quality		7,120		1,803		—		317		—		—		9,240
Total	$	568,969	$	1,751,391	$	220,267	$	224,134	$	2,454	$	—	$	2,767,215

	December 31, 2014
	Commercial		Commercial real estate		Commercial construction		Residential real estate		Consumer		Unallocated		Total
	(in thousands)
Allowance for loan and lease losses
Individually evaluated for impairment	$	111	$	151	$	—	$	—	$	—	$	—	$	262
Collectively evaluated for impairment		2,972		7,648		1,239		1,113		7		919		13,898
Acquired with deteriorated credit quality		—		—		—		—		—		—		—
Total	$	3,083	$	7,799	$	1,239	$	1,113	$	7	$	919	$	14,160
Loans receivable
Individually evaluated for impairment	$	868	$	9,410	$	—	$	3,072	$	109	$	—	$	13,459
Collectively evaluated for impairment		491,749		1,623,384		167,359		231,809		2,770		—		2,516,251
Acquired with deteriorated credit quality		7,199		1,816		—		806		—		—		9,821
Total	$	499,816	$	1,634,510	$	167,359	$	234,967	$	2,879	$	—	$	2,539,531

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

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

	Three Months Ended June 30, 2015
	Commercial			Commercial real estate			Commercial construction		Residential real estate		Consumer			Unallocated			Total
	(in thousands)
Balance at March 31, 2015	$	3,927		$	8,846		$	1,518	$	981	$	4		$	657		$	15,933
Charge-offs		(55	)		(278	)		—		—		(1	)		—			(334	)
Recoveries		3			327			—		—		1			—			331
Provision		758			300			427		180		3			(118	)		1,550
Balance at June 30, 2015	$	4,633		$	9,195		$	1,945	$	1,161	$	7		$	539		$	17,480

	Three Months Ended June 30, 2014
	Commercial			Commercial  real estate		Commercial construction		Residential real estate			Consumer			Unallocated			Total
	(in thousands)
Balance at March 31, 2014	$	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, 2014	$	2,142		$	5,741	$	504	$	1,011		$	63		$	1,364		$	10,825

	Six Months Ended June 30, 2015
	Commercial			Commercial real estate			Commercial construction		Residential real estate		Consumer			Unallocated			Total
	(in thousands)
Balance at December 31, 2014	$	3,083		$	7,799		$	1,239	$	1,113	$	7		$	919		$	14,160
Charge-offs		(100	)		(282	)		—		—		(13	)		—			(395	)
Recoveries		10			327			—		2		1			—			340
Provision		1,640			1,351			706		46		12			(380	)		3,375
Balance at June 30, 2015	$	4,633		$	9,195		$	1,945	$	1,161	$	7		$	539		$	17,480

	Six Months Ended June 30, 2014
	Commercial			Commercial real estate			Commercial construction		Residential real estate			Consumer			Unallocated			Total
	(in thousands)
Balance at December 31, 2013	$	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, 2014	$	2,142		$	5,741		$	504	$	1,011		$	63		$	1,364		$	10,825

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 (dollars in thousands):

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