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

12 Months Ended

Dec. 31, 2016

Receivables [Abstract]

Loans held for sale [Table Text Block]

The following table presents loans held-for-sale by loan segment:

	2016		2015
	(in thousands)
Commercial	$	70,105	$	-
Commercial real estate		7,712
Residential mortgage loans		188		-
Total carrying amount	$	78,005	$	-

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

The following table sets forth the composition of the Company’s loan portfolio segments, including net deferred fees, at December 31, 2016 and 2015, respectively:

	2016		2015
	(in thousands)
Commercial	$	553,576	$	570,116
Commercial real estate		2,204,710		1,966,696
Commercial construction		486,228		328,838
Residential real estate		232,547		233,690
Consumer		2,380		2,454
Gross loans		3,479,441		3,101,794
Net deferred (fees)		(3,609)		(2,787)
Total loans receivable	$	3,475,832	$	3,099,007

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

The carrying amount of those loans is as follows at December 31, 2016 and December 31, 2015.

	2016		2015
	(in thousands)
Commercial	$	7,098	$	7,078
Commercial real estate		982		1,775
Commercial construction		-		-
Residential real estate		-		328
Consumer		-		-
Total carrying amount	$	8,080	$	9,181

Loans and Leases Receivable Purchased Loans [Table Text Block]

The accretable yield, or income expected to be collected, on the purchased credit impaired loans above is as follows at December 31, 2016 and December 31, 2015.

	2016		2015
	(in thousands)
Balance at beginning of period	$	3,599	$	4,805
New loans purchased		-		-
Accretion of income		(739)		(1,206)
Reclassifications from nonaccretable difference		-		-
Disposals		-		-
Balance at end of period	$	2,860	$	3,599

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

The following table presents nonaccrual loans included in loans receivable by loan segment as of the periods presented.

	2016		2015
	(in thousands)
Commercial	$	1,460	$	6,586
Commercial real estate		1,081		9,112
Commercial construction		-		1,479
Residential real estate		3,193		3,559
Total loans receivable on nonaccrual status	$	5,734	$	20,736

Financing Receivable Credit Quality Indicators [Table Text Block]

Credit Quality Indicators

	December 31, 2016
	Pass		Special Mention		Substandard		Doubtful		Total
	(in thousands)
Commercial	$	539,961	$	3,255	$	10,360	$	-	$	553,576
Commercial real estate		2,154,343		31,173		19,194		-		2,204,710
Commercial construction		480,319		3,388		2,521		-		486,228
Residential real estate		228,990		-		3,557		-		232,547
Consumer		2,318		-		62		-		2,380
Total loans	$	3,405,931	$	37,816	$	35,694	$	-	$	3,479,441

	December 31, 2015
	Pass		Special Mention		Substandard		Doubtful		Total
	(in thousands)
Commercial	$	462,358	$	11,760	$	95,998	$	-	$	570,116
Commercial real estate		1,919,041		18,990		28,426		239		1,966,696
Commercial construction		326,697		662		1,479		-		328,838
Residential real estate		229,426		-		4,264		-		233,690
Consumer		2,368		-		86		-		2,454
Total loans	$	2,939,890	$	31,412	$	130,253	$	239	$	3,101,794

Impaired Financing Receivables [Table Text Block]

The following table provides an analysis of the impaired loans by segment at December 31, 2016, 2015 and 2014:

	December 31, 2016
	(dollars in thousands)
No Related Allowance Recorded	Recorded Investment		Unpaid Principal Balance		Related Allowance	Average Recorded Investment		Interest Income Recognized
Commercial	$	3,637	$	4,063	$	$	4,052	$	64
Commercial real estate		18,288		18,288			18,532		250
Commercial construction		5,909		5,909			5,308		79
Residential real estate		1,851		2,055			1,908		19
Consumer		62		62			72		4
Total	$	29,747	$	30,377	$	$	29,872	$	416

With An Allowance Recorded
Commercial real estate	$	1,244	$	1,244	$	145	$	1,274	$	-
Total
Commercial	$	3,637	$	4,063	$	-	$	4,052	$	64
Commercial real estate		19,532		19,532		145		19,806		250
Commercial construction		5,909		5,909		-		5,308		79
Residential real estate		1,851		2,055		-		1,908		19
Consumer		62		62		-		72		4
Total (including related     allowance)	$	30,991	$	31,621	$	145	$	31,146	$	416

	December 31, 2015
	(dollars in thousands)
No Related Allowance Recorded	Recorded Investment		Unpaid Principal Balance		Related Allowance	Average Recorded Investment		Interest Income Recognized
Commercial	$	610	$	645		$	686	$	-
Commercial real estate		15,517		16,512			6,363		60
Commercial construction		2,149		2,141			1,535		-
Residential real estate		3,954		4,329			3,322		10
Consumer		87		86			96		5
Total	$	22,317	$	23,713		$	12,002	$	75

With An Allowance Recorded
Commercial	$	84,787	$	84,449	$	6,725	$	55,445	$	1,895
Total
Commercial	$	85,397	$	85,094	$	6,725	$	56,131	$	1,895
Commercial real estate		15,517		16,512		-		6,363		60
Commercial construction		2,149		2,141		-		1,535
Residential real estate		3,954		4,329		-		3,322		10
Consumer		87		86		-		96		5
Total	$	107,104	$	108,162	$	6,725	$	67,447	$	1,970

	December 31, 2014
	(dollars in thousands)
No Related Allowance Recorded	Recorded Investment		Unpaid Principal Balance		Related Allowance	Average Recorded Investment		Interest Income Recognized
Commercial	$	481	$	527		$	494	$	-
Commercial real estate		5,890		6,857			6,276		129
Residential real estate		3,072		3,406			3,170		41
Consumer		109		101			107		-
Total	$	9,552	$	10,891		$	10,047	$	170

With An Allowance Recorded
Commercial	$	387	$	389	$	111	$	389	$	-
Commercial real estate		3,520		3,520		150		3,584		171
Total	$	3,907	$	3,909	$	261	$	3,973	$	171
Total
Commercial	$	868	$	917	$	111	$	883	$	-
Commercial real estate		9,410		10,107		150		9,860		300
Residential real estate		3,072		3,406		-		3,170		41
Consumer		109		101		-		106		-
Total	$	13,459	$	14,531	$	261	$	14,019	$	341

Past Due Financing Receivables [Table Text Block]

The following table provides an analysis of the aging of the loans by segment, excluding net deferred fees that are past due at December 31, 2016 and December 31, 2015 by class:

Aging Analysis:

	December 31, 2016
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due and Still Accruing		Nonaccrual		Total Past Due and Nonaccrual		Current		Total Loans Receivable
Commercial	$	475	$	18	$	4,630	$	1,460	$	6,583	$	546,993	$	553,576
Commercial real estate		4,928		1,584		663		1,081		8,256		2,196,454		2,204,710
Commercial construction		-		-		-		-		-		486,228		486,228
Residential real estate		2,131		388		-		3,193		5,712		226,835		232,547
Consumer		-		-		-		-		-		2,380		2,380
Total	$	7,534	$	1,990	$	5,293	$	5,734	$	20,551	$	3,458,890		3,479,441

	December 31, 2015
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due and Still Accruing		Nonaccrual		Total Past Due and Nonaccrual		Current		Total Loans Receivable
Commercial	$	6,178	$	3,505	$	-	$	6,586	$	16,269	$	553,847	$	570,116
Commercial real estate		1,998		988		-		9,112		12,098		1,954,598		1,966,696
Commercial construction		-		-		-		1,479		1,479		327,359		328,838
Residential real estate		-		-		-		3,559		3,559		230,131		233,690
Consumer		4		9		-		-		13		2,441		2,454
Total	$	8,180	$	4,502	$	-	$	20,736	$	33,418	$	3,068,376		3,101,794

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

The following tables detail, at the period-end presented, the amount of gross loans (excluding loans held-for-sale) that are evaluated individually, and collectively, for impairment, those acquired with deteriorated quality, and the related portion of the allowance for loan and lease losses that are allocated to each loan portfolio segment: 

	December 31, 2016
	Commercial		Commercial real estate		Commercial construction		Residential real estate		Consumer		Unallocated		Total
	(in thousands)
Allowance for loan and lease losses
Individually evaluated for impairment	$	-	$	145	$	-	$	-	$	-	$	-	$	145
Collectively evaluated for impairment		6,632		12,438		4,789		958		3		779		25,599
Acquired portfolio		-		-		-		-		-		-		-
Acquired with deteriorated credit quality		-		-		-		-		-		-		-
Total	$	6,632	$	12,583	$	4,789	$	958	$	3	$	779	$	25,744
Gross loans
Individually evaluated for impairment	$	3,637	$	19,532	$	5,909	$	1,851	$	62			$	30,991
Collectively evaluated for impairment		517,869		1,621,745		478,865		163,686		1,757				2,783,922
Acquired portfolio		24,972		562,451		1,454		67,010		561				656,448
Acquired with deteriorated credit quality		7,098		982		-		-		-				8,080
Total	$	553,576	$	2,204,710	$	486,228	$	232,547	$	2,380			$	3,479,441

	December 31, 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	$	6,725	$	-	$	-	$	-	$	-	$	-	$	6,725
Collectively evaluated for impairment		4,224		10,926		3,253		976		4		464		19,847
Acquired portfolio		-		-		-		-		-		-		-
Acquired with deteriorated credit quality		-		-		-		-		-		-		-
Total	$	10,949	$	10,926	$	3,253	$	976	$	4	$	464	$	26,572
Gross loans
Individually evaluated for impairment	$	85,397	$	15,517	$	2,149	$	3,954	$	87			$	107,104
Collectively evaluated for impairment		395,424		1,269,140		315,785		136,633		1,649				2,118,631
Acquired portfolio		82,217		680,264		10,904		92,775		718				866,878
Acquired with deteriorated credit quality		7,078		1,775		-		328		-				9,181
Total	$	570,116	$	1,966,696	$	328,838	$	233,690	$	2,454			$	3,101,794

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:

	Year Ended December 31, 2016
	(dollars in thousands)
	Commercial		Commercial real estate		Commercial construction		Residential real estate		Consumer		Unallocated		Total
Balance at January 1, 2016	$	10,949	$	10,926	$	3,253	$	976	$	4	$	464	$	26,572
Loan charge-offs		(39,343)		(107)		-		(94)		(29)		-		(39,573)
Recoveries		4		35		-		3		3		-		45
Provision for loan and lease losses		35,022		1,729		1,536		73		25		315		38,700
Balance at December 31, 2016	$	6,632	$	12,583	$	4,789	$	958	$	3	$	779	$	25,744

	Year Ended December 31, 2015
	(dollars in thousands)
	Commercial		Commercial real estate		Commercial construction		Residential real estate		Consumer		Unallocated		Total
Balance at January 1, 2015	$	3,083	$	7,799	$	1,239	$	1,113	$	7	$	919	$	14,160
Loans charge-offs		(101)		(406)		-		-		(31)		-		(538)
Recoveries		13		327		-		2		3		-		345
Provision for loan and lease losses		7,954		3,206		2,014		(139)		25		(455)		12,605
Balance at December 31, 2015	$	10,949	$	10,926	$	3,253	$	976	$	4	$	464	$	26,572

	Year Ended December 31, 2014
	(dollars in thousands)
	Commercial		Commercial real estate		Commercial construction		Residential real estate		Consumer		Unallocated		Total
Balance at January 1, 2014	$	1,698	$	5,746	$	362	$	990	$	146	$	1,391	$	10,333
Loans charge-off		(379)		(398)		-		(159)		-		-		(936)
Recoveries		50		-		-		19		11		-		80
Provision for loan and lease losses		1,714		2,451		877		263		(150)		(472)		4,683
Balance at December 31, 2014	$	3,083	$	7,799	$	1,239	$	1,113	$	7	$	919	$	14,160

Allowance for Loan and Lease Losses [Table Text Block]

	December 31, 2016				December 31, 2015
	Recorded				Recorded
	Investment		ALLL		Investment		ALLL
Troubled debt restructurings
Beginning balance	$	86,629	$	4,500	$	2,788	$	-
Additions		26,325		8,250		84,290		4,500
Payoffs/paydowns		(2,616)				(449)
Transfers		(96,520)		-				-
Other		-		(12,750)		-		-
Ending balance	$	13,818	$	-	$	86,629	$	4,500

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

The following table presents loans by segment modified as troubled debt restructurings that occurred during the year ended December 31, 2016 (dollars in thousands):

		Pre-Modification		Post-Modification
		Outstanding		Outstanding
	Number of	Recorded		Recorded
	Loans	Investment		Investment
Troubled debt restructurings:
Commercial	19	$	22,420	$	22,420
Commercial real estate	3		2,155		2,155
Commercial construction	1		1,750		1,750
Residential real estate	-		-		-
Consumer	-		-		-
Total	23	$	26,325	$	26,325

The following table presents loans by segment modified as troubled debt restructurings that occurred during the year ended December 31, 2015 (dollars in thousands):

		Pre-Modification		Post-Modification
		Outstanding		Outstanding
	Number of	Recorded		Recorded
	Loans	Investment		Investment
Troubled debt restructurings:
Commercial	48	$	78,466	$	78,466
Commercial real estate	3		5,049		5,049
Commercial construction	1		661		661
Residential real estate	1		110		110
Consumer	1		4		4
Total	54	$	84,290	$	84,290

The following table presents loans by segment modified as troubled debt restructurings that occurred during the year ended December 31, 2014 (dollars in thousands):

		Pre-Modification		Post-Modification
		Outstanding		Outstanding
	Number of	Recorded		Recorded
	Loans	Investment		Investment
Troubled debt restructurings:
Commercial	1	$	672	$	289
Commercial real estate	-		-		-
Commercial construction	-		-		-
Residential real estate	2		275		272
Total	3	$	947	$	561