Loans and the Allowance for Loan Losses (Tables)
|
3 Months Ended |
Mar. 31, 2017 |
|---|
| Receivables [Abstract] |
|
| Loans held for sale [Table Text Block] |
The
following table presents loans held-for-sale by loan segment:
|
|
March 31, |
|
December 31, |
|
|
2017 |
|
2016 |
|
|
(in
thousands) |
| Commercial |
|
$ |
61,319 |
|
$ |
70,105 |
| Commercial real estate |
|
|
- |
|
|
7,712 |
| Residential real estate |
|
|
936 |
|
|
188 |
| Total carrying
amount |
|
$ |
62,255 |
|
$ |
78,005 |
|
| Activity in the valuation allowance [Table Text Block] |
Activity in the valuation
allowance was as follows for the following periods:
|
|
March 31, |
|
December 31, |
|
|
2017 |
|
2016 |
|
|
(in
thousands) |
| Beginning balance |
|
$ |
- |
|
$ |
- |
| Increase to valuation allowance |
|
|
2,600 |
|
|
- |
| Ending
balance |
|
$ |
2,600 |
|
$ |
- |
|
| 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 March 31, 2017 and December 31, 2016:
|
|
March 31, |
|
December 31, |
|
|
2017 |
|
2016 |
|
|
(in
thousands) |
| Commercial |
|
$ |
541,690 |
|
|
$ |
553,576 |
|
| Commercial real estate |
|
|
2,326,834 |
|
|
|
2,204,710 |
|
| Commercial construction |
|
|
460,611 |
|
|
|
486,228 |
|
| Residential real estate |
|
|
242,883 |
|
|
|
232,547 |
|
| Consumer |
|
|
2,811 |
|
|
|
2,380 |
|
| Gross
loans |
|
|
3,574,829 |
|
|
|
3,479,441 |
|
| Net
deferred loan fees |
|
|
(3,166 |
) |
|
|
(3,609 |
) |
| Total loans
receivable |
|
$ |
3,571,663 |
|
|
$ |
3,475,832 |
|
| Loans and Leases Receivable Purchase Credit Impaired Loans [Table Text Block] |
The Company holds purchased loans for
which there was, at their acquisition date, evidence of deterioration of credit quality since their origination and it
was probable, at acquisition, that all contractually required payments would not be collected. The recorded investment of
those loans is as follows at March 31, 2017 and December 31, 2016.
|
|
March 31, |
|
December 31, |
|
|
2017 |
|
2016 |
|
|
(in
thousands) |
| Commercial |
|
$ |
7,827 |
|
$ |
7,098 |
| Commercial real estate |
|
|
290 |
|
|
982 |
| Total
purchased credit-impaired loans |
|
$ |
8,117 |
|
$ |
8,080 |
|
| 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 for the following periods:
|
|
Three Months |
|
Three Months |
|
|
Ended |
|
Ended |
|
|
March 31, |
|
March 31, |
|
|
2017 |
|
2016 |
|
|
(in
thousands) |
| Balance at beginning of period |
|
$ |
2,860 |
|
|
$ |
3,599 |
|
| Accretion of income |
|
|
(186 |
) |
|
|
(739 |
) |
| Balance at end of
period |
|
$ |
2,674 |
|
|
$ |
2,860 |
|
| Schedule of Financing Receivables, Non Accrual Status [Table Text Block] |
The following tables presents
nonaccrual loans included in loans receivable by loan segment as of the periods
presented:
|
|
March 31, |
|
December 31, |
|
|
2017 |
|
2016 |
|
|
(in
thousands) |
| Commercial |
|
$ |
1,208 |
|
$ |
1,460 |
| Commercial real estate |
|
|
7,487 |
|
|
1,081 |
| Residential real estate |
|
|
4,095 |
|
|
3,193 |
| Total loans
receivable on nonaccrual status |
|
$ |
12,790 |
|
$ |
5,734 |
|
| Financing Receivable Credit Quality Indicators [Table Text Block] |
The following table presents
information, excluding loans held-for-sale and net deferred loan fees, about the
Company’s loan credit quality at March 31, 2017 and December 31,
2016:
|
|
March 31, 2017 |
|
|
|
|
|
Special |
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
Mention |
|
Substandard |
|
Doubtful |
|
Total |
|
|
(in
thousands) |
| Commercial |
|
$ |
528,596 |
|
$ |
3,102 |
|
$ |
9,992 |
|
$ |
- |
|
$ |
541,690 |
| Commercial real estate |
|
|
2,276,333 |
|
|
29,930 |
|
|
20,571 |
|
|
- |
|
|
2,326,834 |
| Commercial construction |
|
|
455,446 |
|
|
2,670 |
|
|
2,495 |
|
|
- |
|
|
460,611 |
| Residential real estate |
|
|
238,643 |
|
|
- |
|
|
4,240 |
|
|
- |
|
|
242,883 |
| Consumer |
|
|
2,754 |
|
|
- |
|
|
57 |
|
|
- |
|
|
2,811 |
| Gross loans |
|
$ |
3,501,772 |
|
$ |
35,702 |
|
$ |
37,355 |
|
$ |
- |
|
$ |
3,574,829 |
| |
|
|
December 31, 2016 |
|
|
|
|
|
Special |
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
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 |
| Gross loans |
|
$ |
3,405,931 |
|
$ |
37,816 |
|
$ |
35,694 |
|
$ |
- |
|
$ |
3,479,441 |
|
| Impaired Financing Receivables [Table Text Block] |
The following table provides
an analysis of the impaired loans by segment as of March 31, 2017 and December
31, 2016:
|
|
March 31, 2017 |
|
|
|
|
|
Unpaid |
|
|
|
|
|
Recorded |
|
Principal |
|
Related |
|
|
Investment |
|
Balance |
|
Allowance |
| No related allowance
recorded |
|
(in thousands) |
| Commercial |
|
$ |
3,175 |
|
$ |
3,175 |
|
|
|
| Commercial real
estate |
|
|
16,394 |
|
|
16,403 |
|
|
|
| Commercial
construction |
|
|
4,245 |
|
|
4,271 |
|
|
|
| Residential real
estate |
|
|
976 |
|
|
1,177 |
|
|
|
| Consumer |
|
|
57 |
|
|
57 |
|
|
|
| Total |
|
$ |
24,847 |
|
$ |
25,083 |
|
|
|
| |
| With an allowance
recorded |
|
|
|
|
|
|
|
|
|
| Commercial real
estate |
|
$ |
780 |
|
$ |
1,193 |
|
$ |
96 |
| |
| Total |
|
|
|
|
|
|
|
|
|
| Commercial |
|
$ |
3,175 |
|
$ |
3,175 |
|
$ |
- |
| Commercial real
estate |
|
|
17,174 |
|
|
17,596 |
|
|
96 |
| Commercial
construction |
|
|
4,245 |
|
|
4,271 |
|
|
- |
| Residential real
estate |
|
|
976 |
|
|
1,177 |
|
|
- |
| Consumer |
|
|
57 |
|
|
57 |
|
|
- |
| Total (including allowance) |
|
$ |
25,627 |
|
$ |
26,276 |
|
$ |
96 |
| |
|
|
December 31, 2016 |
|
|
|
|
|
Unpaid |
|
|
|
|
|
Recorded |
|
Principal |
|
Related |
|
|
Investment |
|
Balance |
|
Allowance |
| No related allowance
recorded |
|
(in thousands) |
| Commercial |
|
$ |
3,637 |
|
$ |
4,063 |
|
|
|
| Commercial real
estate |
|
|
18,288 |
|
|
18,288 |
|
|
|
| Commercial
construction |
|
|
5,909 |
|
|
5,909 |
|
|
|
| Residential real
estate |
|
|
1,851 |
|
|
2,055 |
|
|
|
| Consumer |
|
|
62 |
|
|
62 |
|
|
|
| Total |
|
$ |
29,747 |
|
$ |
30,377 |
|
|
|
| |
| With an allowance recorded |
|
|
|
|
|
|
|
|
|
| Commercial |
|
$ |
1,244 |
|
$ |
1,245 |
|
$ |
145 |
| |
| Total |
|
|
|
|
|
|
|
|
|
| Commercial |
|
$ |
3,637 |
|
$ |
4,063 |
|
$ |
- |
| Commercial real
estate |
|
|
19,532 |
|
|
19,532 |
|
|
145 |
| Commercial
construction |
|
|
5,909 |
|
|
5,909 |
|
|
- |
| Residential real
estate |
|
|
1,851 |
|
|
2,055 |
|
|
- |
| Consumer |
|
|
62 |
|
|
62 |
|
|
- |
| Total (including allowance) |
|
$ |
30,991 |
|
$ |
31,621 |
|
$ |
145 |
|
| 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 ended March 31,
2017 and 2016 (in thousands):
|
|
Three Months Ended March
31, |
|
|
2017 |
|
2016 |
|
|
Average |
|
Interest |
|
Average |
|
Interest |
|
|
Recorded |
|
Income |
|
Recorded |
|
Income |
|
|
Investment |
|
Recognized |
|
Investment |
|
Recognized |
| Impaired loans
with |
|
|
|
|
|
|
|
|
|
|
|
|
| no related
allowance |
|
|
|
|
|
|
|
|
|
|
|
|
| recorded |
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Commercial |
|
$ |
2,884 |
|
$ |
39 |
|
$ |
2,591 |
|
$ |
24 |
| Commercial real estate |
|
|
16,450 |
|
|
106 |
|
|
15,274 |
|
|
25 |
| Commercial
construction |
|
|
4,269 |
|
|
50 |
|
|
2,307 |
|
|
16 |
| Residential real estate |
|
|
986 |
|
|
2 |
|
|
4,107 |
|
|
5 |
| Consumer |
|
|
59 |
|
|
1 |
|
|
84 |
|
|
1 |
| |
| Total |
|
$ |
24,648 |
|
$ |
198 |
|
$ |
24,363 |
|
$ |
71 |
| |
| Impaired loans with |
|
|
|
|
|
|
|
|
|
|
|
|
| an allowance |
|
|
|
|
|
|
|
|
|
|
|
|
| recorded |
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Commercial |
|
$ |
- |
|
$ |
- |
|
$ |
83,759 |
|
$ |
737 |
| Commercial real estate |
|
|
783 |
|
|
5 |
|
|
- |
|
|
- |
| |
| Total |
|
$ |
783 |
|
$ |
5 |
|
$ |
83,759 |
|
$ |
737 |
| |
| Total impaired loans |
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Commercial |
|
$ |
2,884 |
|
$ |
39 |
|
$ |
86,350 |
|
$ |
761 |
| Commercial real estate |
|
|
17,233 |
|
|
111 |
|
|
15,274 |
|
|
25 |
| Commercial construction |
|
|
4,269 |
|
|
50 |
|
|
2,307 |
|
|
16 |
| Residential real estate |
|
|
986 |
|
|
2 |
|
|
4,107 |
|
|
5 |
| Consumer |
|
|
59 |
|
|
1 |
|
|
84 |
|
|
1 |
| |
| Total |
|
$ |
25,431 |
|
$ |
203 |
|
$ |
108,122 |
|
$ |
808 |
|
| Past Due Financing Receivables [Table Text Block] |
The following table provides
an analysis of the aging of gross loans (excluding loans held-for-sale) that are
past due at March 31, 2017 and December 31, 2016 by segment:
| Aging
Analysis |
| |
|
|
March 31, 2017 |
|
|
|
|
|
|
|
|
90 Days or |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Greater Past |
|
|
|
|
Total Past |
|
|
|
|
|
|
|
|
30-59 Days |
|
60-89 Days |
|
Due and Still |
|
|
|
|
Due and |
|
|
|
|
Total Loans |
|
|
Past Due |
|
Past Due |
|
Accruing |
|
Nonaccrual |
|
Nonaccrual |
|
Current |
|
Receivable |
|
|
(in
thousands) |
| Commercial |
|
$ |
- |
|
$ |
- |
|
$ |
5,423 |
|
$ |
1,208 |
|
$ |
6,631 |
|
$ |
535,059 |
|
$ |
541,690 |
| Commercial real |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| estate |
|
|
3,649 |
|
|
444 |
|
|
- |
|
|
7,487 |
|
|
11,580 |
|
|
2,315,254 |
|
|
2,326,834 |
| Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| construction |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
460,611 |
|
|
460,611 |
| Residential real |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| estate |
|
|
1,670 |
|
|
6 |
|
|
- |
|
|
4,095 |
|
|
5,711 |
|
|
237,112 |
|
|
242,883 |
| Consumer |
|
|
9 |
|
|
1 |
|
|
- |
|
|
- |
|
|
10 |
|
|
2,801 |
|
|
2,811 |
| Total |
|
$ |
5,328 |
|
$ |
451 |
|
$ |
5,423 |
|
$ |
12,790 |
|
$ |
23,992 |
|
$ |
3,550,837 |
|
$ |
3,574,829 |
| |
|
|
December 31, 2016 |
|
|
|
|
|
|
|
|
90 Days or |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Greater Past |
|
|
|
|
Total Past |
|
|
|
|
|
|
|
|
30-59 Days |
|
60-89 Days |
|
Due and Still |
|
|
|
|
Due and |
|
|
|
|
Total Loans |
|
|
Past Due |
|
Past Due |
|
Accruing |
|
Nonaccrual |
|
Nonaccrual |
|
Current |
|
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 |
|
| 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 losses that are allocated to each loan portfolio segment:
|
|
March 31, 2017 |
|
|
|
|
|
Commercial |
|
Commercial |
|
Residential |
|
|
|
|
|
|
|
|
|
|
|
Commercial |
|
real estate |
|
construction |
|
real estate |
|
Consumer |
|
Unallocated |
|
Total |
|
|
(in
thousands) |
| Allowance for loan losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Individually evaluated for
impairment |
|
$ |
- |
|
$ |
96 |
|
$ |
- |
|
$ |
- |
|
$ |
- |
|
$ |
- |
|
$ |
96 |
| Collectively evaluated for impairment |
|
|
6,667 |
|
|
13,472 |
|
|
4,574 |
|
|
1,008 |
|
|
3 |
|
|
531 |
|
|
26,255 |
| Acquired portfolio |
|
|
- |
|
|
550 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
550 |
| Acquired with deteriorated credit quality |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
| Total allowance for loan losses |
|
$ |
6,667 |
|
$ |
14,118 |
|
$ |
4,574 |
|
$ |
1,008 |
|
$ |
3 |
|
$ |
531 |
|
$ |
26,901 |
| |
| Gross loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Individually evaluated for
impairment |
|
$ |
2,862 |
|
$ |
17,174 |
|
$ |
4,245 |
|
$ |
976 |
|
$ |
57 |
|
|
|
|
$ |
25,314 |
| Collectively evaluated for impairment |
|
|
510,263 |
|
|
1,806,502 |
|
|
455,574 |
|
|
175,973 |
|
|
2,243 |
|
|
|
|
|
2,950,555 |
| Acquired portfolio |
|
|
20,738 |
|
|
502,868 |
|
|
792 |
|
|
65,934 |
|
|
511 |
|
|
|
|
|
590,843 |
| Acquired with deteriorated credit quality |
|
|
7,827 |
|
|
290 |
|
|
- |
|
|
- |
|
|
- |
|
|
|
|
|
8,117 |
| Total gross loans |
|
$ |
541,690 |
|
$ |
2,326,834 |
|
$ |
460,611 |
|
$ |
242,883 |
|
$ |
2,811 |
|
|
|
|
$ |
3,574,829 |
| |
|
|
December 31, 2016 |
|
|
|
|
|
Commercial |
|
Commercial |
|
Residential |
|
|
|
|
|
|
|
|
|
|
|
Commercial |
|
real estate |
|
construction |
|
real estate |
|
Consumer |
|
Unallocated |
|
Total |
|
|
(in
thousands) |
| Allowance for loan 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 allowance for loan losses |
|
$ |
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 gross loans |
|
$ |
553,576 |
|
$ |
2,204,710 |
|
$ |
486,228 |
|
$ |
232,547 |
|
$ |
2,380 |
|
|
|
|
$ |
3,479,441 |
|
| 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 March 31,
2017 |
|
|
Commercial |
|
Commercial
real
estate |
|
Commercial
construction |
|
Residential
real
estate |
|
Consumer |
|
Unallocated |
|
Total |
|
|
(in
thousands) |
| Balance at December 31, |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2016 |
|
$ |
6,632 |
|
|
$ |
12,583 |
|
|
$ |
4,789 |
|
|
$ |
958 |
|
|
$ |
3 |
|
|
$ |
779 |
|
|
$ |
25,744 |
|
| |
| Charge-offs |
|
|
- |
|
|
|
(71 |
) |
|
|
- |
|
|
|
- |
|
|
|
(1 |
) |
|
|
- |
|
|
|
(72 |
) |
| |
| Recoveries |
|
|
126 |
|
|
|
3 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
129 |
|
| |
| Provision |
|
|
(91 |
) |
|
|
1,603 |
|
|
|
(215 |
) |
|
|
50 |
|
|
|
1 |
|
|
|
(248 |
) |
|
|
1,100 |
|
| |
| Balance at March 31, 2017 |
|
$ |
6,667 |
|
|
$ |
14,118 |
|
|
$ |
4,574 |
|
|
$ |
1,008 |
|
|
$ |
3 |
|
|
$ |
531 |
|
|
$ |
26,901 |
|
| |
|
|
Three Months Ended March 31,
2016 |
|
|
Commercial |
|
Commercial
real
estate |
|
Commercial
construction |
|
Residential
real
estate |
|
Consumer |
|
Unallocated |
|
Total |
|
|
(in
thousands) |
| Balance at December 31, |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2015 |
|
$ |
10,949 |
|
|
$ |
10,926 |
|
|
$ |
3,253 |
|
|
$ |
976 |
|
|
$ |
4 |
|
|
$ |
464 |
|
|
$ |
26,572 |
|
| |
| Charge-offs |
|
|
(445 |
) |
|
|
- |
|
|
|
- |
|
|
|
(67 |
) |
|
|
- |
|
|
|
- |
|
|
|
(512 |
) |
| |
| Recoveries |
|
|
1 |
|
|
|
13 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
14 |
|
| |
| Provision |
|
|
2,592 |
|
|
|
2 |
|
|
|
364 |
|
|
|
165 |
|
|
|
- |
|
|
|
(123 |
) |
|
|
3,000 |
|
| |
| Balance at March 31, 2016 |
|
$ |
13,097 |
|
|
$ |
10,941 |
|
|
$ |
3,617 |
|
|
$ |
1,074 |
|
|
$ |
4 |
|
|
$ |
341 |
|
|
$ |
29,074 |
|
| Allowance for Loan and Lease Losses [Table Text Block] |
The following table presents a
rollforward of loans modified as troubled debt restructurings and the related
changes to the allowance for loan losses that occurred during the three months
ended March 31, 2017 and for the year ended December 31, 2016 (dollars in
thousands):
|
|
March 31, 2017 |
|
December 31, 2016 |
|
|
Recorded |
|
|
|
|
Recorded |
|
|
|
|
|
|
Investment |
|
ALLL |
|
Investment |
|
ALLL |
| Trouble Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Restructurings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Beginning
balance |
|
$ |
13,818 |
|
|
$ |
- |
|
$ |
86,629 |
|
|
$ |
4,500 |
|
| Additions |
|
|
2,793 |
|
|
|
- |
|
|
26,325 |
|
|
|
8,250 |
|
| Payoffs/paydowns |
|
|
(1,133 |
) |
|
|
- |
|
|
(2,616 |
) |
|
|
- |
|
| Transfers |
|
|
(580 |
) |
|
|
- |
|
|
(96,520 |
) |
|
|
- |
|
| Other |
|
|
- |
|
|
|
- |
|
|
- |
|
|
|
(12,750 |
) |
| Ending
balance |
|
|
14,898 |
|
|
|
- |
|
$ |
13,818 |
|
|
$ |
- |
|
| 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 three months ended March 31, 2017 (dollars in thousands):
|
|
|
|
Pre-Modification |
|
Post-Modification |
|
|
|
|
Outstanding |
|
Outstanding |
|
|
Number
of |
|
Recorded |
|
Recorded |
|
|
Loans |
|
Investment |
|
Investment |
| Troubled
debt restructurings: |
|
|
|
|
|
|
|
|
| Commercial
real estate |
|
1 |
|
$ |
2,775 |
|
$ |
2,775 |
| Residential
real estate |
|
1 |
|
|
18 |
|
|
18 |
| |
| Total |
|
2 |
|
$ |
2,793 |
|
$ |
2,793 |
The following table presents
loans by class modified as troubled debt restructurings that occurred during the
three months ended March 31, 2016 (dollars in thousands):
|
|
|
|
Pre-Modification |
|
Post-Modification |
|
|
|
|
Outstanding |
|
Outstanding |
|
|
Number
of |
|
Recorded |
|
Recorded |
|
|
Loans |
|
Investment |
|
Investment |
| Troubled
debt restructurings: |
|
|
|
|
|
|
|
|
| Commercial |
|
9 |
|
$ |
9,555 |
|
$ |
9,555 |
|