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Loans
 3 Months Ended
Mar. 31, 2015
Receivables [Abstract]  
Loans
Loans
 
Loans were comprised of the following classifications at March 31, 2015 and December 31, 2014: 
 
 
March 31,
2015
 
December 31,
2014
Commercial:
 
 

 
 

Commercial and Industrial Loans and Leases
 
$
388,249

 
$
380,079

Commercial Real Estate Loans
 
581,394

 
583,086

Agricultural Loans
 
212,735

 
216,774

Retail:
 
 

 
 

Home Equity Loans
 
86,155

 
86,234

Consumer Loans
 
45,952

 
48,613

Residential Mortgage Loans
 
136,399

 
137,204

Subtotal
 
1,450,884

 
1,451,990

Less: Unearned Income
 
(3,871
)
 
(4,008
)
Allowance for Loan Losses
 
(15,169
)
 
(14,929
)
Loans, Net
 
$
1,431,844

 
$
1,433,053


 
The following table presents the activity in the allowance for loan losses by portfolio class for the three months ended March 31, 2015 and 2014:
March 31, 2015
 
Commercial and Industrial
Loans and Leases
 
Commercial Real Estate Loans
 
Agricultural Loans
 
Home Equity Loans
 
Consumer Loans
 
Residential Mortgage Loans
 
Unallocated
 
Total
Beginning Balance
 
$
4,627

 
$
7,273

 
$
1,123

 
$
246

 
$
354

 
$
622

 
$
684

 
$
14,929

Provision for Loan Losses
 
101

 
(52
)
 
19

 
72

 
35

 
88

 
(13
)
 
250

Recoveries
 
41

 
8

 
—

 
—

 
100

 
2

 
—

 
151

Loans Charged-off
 
(22
)
 
—

 
—

 
—

 
(100
)
 
(39
)
 
—

 
(161
)
Ending Balance
 
$
4,747

 
$
7,229

 
$
1,142

 
$
318

 
$
389

 
$
673

 
$
671

 
$
15,169

March 31, 2014
 
Commercial and Industrial
Loans and Leases
 
Commercial Real Estate Loans
 
Agricultural Loans
 
Home Equity Loans
 
Consumer Loans
 
Residential Mortgage Loans
 
Unallocated
 
Total
Beginning Balance
 
$
3,983

 
$
8,335

 
$
946

 
$
239

 
$
188

 
$
281

 
$
612

 
$
14,584

Provision for Loan Losses
 
1,322

 
(1,057
)
 
(16
)
 
—

 
48

 
7

 
46

 
350

Recoveries
 
69

 
703

 
—

 
—

 
47

 
4

 
—

 
823

Loans Charged-off
 
—

 
(111
)
 
—

 
(30
)
 
(97
)
 
(35
)
 
—

 
(273
)
Ending Balance
 
$
5,374

 
$
7,870

 
$
930

 
$
209

 
$
186

 
$
257

 
$
658

 
$
15,484

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

In determining the adequacy of the allowance for loan loss, general allocations are made for other pools of loans, including non-classified loans, homogeneous portfolios of consumer and residential real estate loans, and loans within certain industry categories believed to present unique risk of loss. General allocations of the allowance are primarily made based on historical averages for loan losses for these portfolios, judgmentally adjusted for current economic factors and portfolio trends. 

Loan impairment is reported when full repayment under the terms of the loan is not expected. This methodology is used for all loans, including loans acquired with deteriorated credit quality. For purchased loans, the assessment is made at the time of acquisition as well as over the life of loan. If a loan is impaired, a portion of the allowance is allocated so that the loan is reported net, at the present value of estimated future cash flows using the loan’s existing rate, or at the fair value of collateral if repayment is expected solely from the collateral. Commercial and industrial loans, commercial real estate loans, and agricultural loans are evaluated individually for impairment. Smaller balance homogeneous loans are evaluated for impairment in total. Such loans include real estate loans secured by one-to-four family residences and loans to individuals for household, family and other personal expenditures. Individually evaluated loans on non-accrual are generally considered impaired. Impaired loans, or portions thereof, are charged off when deemed uncollectible.
 
The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio class and based on impairment method as of March 31, 2015 and December 31, 2014:
March 31, 2015
 
Total
 
Commercial and Industrial
Loans and Leases
 
Commercial Real Estate Loans
 
Agricultural Loans
 
Home Equity Loans
 
Consumer Loans
 
Residential Mortgage Loans
 
Unallocated
Allowance for Loan Losses:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Ending Allowance Balance Attributable to Loans:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Individually Evaluated for Impairment
 
$
1,569

 
$
129

 
$
1,440

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Collectively Evaluated for Impairment
 
13,546

 
4,618

 
5,779

 
1,142

 
318

 
389

 
629

 
671

Acquired with Deteriorated Credit Quality
 
54

 
—

 
10

 
—

 
—

 
—

 
44

 
—

Total Ending Allowance Balance
 
$
15,169

 
$
4,747

 
$
7,229

 
$
1,142

 
$
318

 
$
389

 
$
673

 
$
671


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans Individually Evaluated for Impairment
 
$
6,108

 
$
2,165

 
$
3,943

 
$
—

 
$
—

 
$
—

 
$
—

 
n/m(2)

Loans Collectively Evaluated for Impairment
 
1,442,756

 
386,665

 
572,723

 
215,560

 
86,484

 
46,073

 
135,251

 
n/m(2)

Loans Acquired with Deteriorated Credit Quality
 
7,966

 
396

 
6,070

 
—

 
—

 
—

 
1,500

 
n/m(2)

Total Ending Loans Balance(1)
 
$
1,456,830

 
$
389,226

 
$
582,736

 
$
215,560

 
$
86,484

 
$
46,073

 
$
136,751

 
n/m(2)


(1)Total recorded investment in loans includes $5,946 in accrued interest.
(2)n/m = not meaningful
December 31, 2014
 
Total
 
Commercial and Industrial
Loans and Leases
 
Commercial Real Estate Loans
 
Agricultural Loans
 
Home Equity Loans
 
Consumer Loans
 
Residential Mortgage Loans
 
Unallocated
Allowance for Loan Losses:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Ending Allowance Balance Attributable to Loans:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Individually Evaluated for Impairment
 
$
1,532

 
$
87

 
$
1,445

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Collectively Evaluated for Impairment
 
13,343

 
4,540

 
5,818

 
1,123

 
246

 
354

 
578

 
684

Acquired with Deteriorated Credit Quality
 
54

 
—

 
10

 
—

 
—

 
—

 
44

 
—

Total Ending Allowance Balance
 
$
14,929

 
$
4,627

 
$
7,273

 
$
1,123

 
$
246

 
$
354

 
$
622

 
$
684


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans Individually Evaluated for Impairment
 
$
6,044

 
$
1,964

 
$
4,080

 
$
—

 
$
—

 
$
—

 
$
—

 
n/m(2)

Loans Collectively Evaluated for Impairment
 
1,443,363

 
378,533

 
573,961

 
219,640

 
86,570

 
48,614

 
136,045

 
n/m(2)

Loans Acquired with Deteriorated Credit Quality
 
8,361

 
354

 
6,385

 
—

 
—

 
118

 
1,504

 
n/m(2)

Total Ending Loans Balance(1)
 
$
1,457,768

 
$
380,851

 
$
584,426

 
$
219,640

 
$
86,570

 
$
48,732

 
$
137,549

 
n/m(2)

 
(1)Total recorded investment in loans includes $5,778 in accrued interest.
(2)n/m = not meaningful

 
The following tables present loans individually evaluated for impairment by class of loans as of March 31, 2015 and December 31, 2014:
March 31, 2015
 
Unpaid Principal Balance(1)
 
 Recorded Investment
 
Allowance for Loan Losses Allocated
With No Related Allowance Recorded:
 
 

 
 

 
 

Commercial and Industrial Loans and Leases
 
$
288

 
$
263

 
$
—

Commercial Real Estate Loans
 
1,660

 
1,282

 
—

Agricultural Loans
 
—

 
—

 
—

Subtotal
 
1,948

 
1,545

 
—

With An Allowance Recorded:
 
 

 
 

 


Commercial and Industrial Loans and Leases
 
1,897

 
1,902

 
129

Commercial Real Estate Loans
 
3,613

 
2,948

 
1,450

Agricultural Loans
 
—

 
—

 
—

Subtotal
 
5,510

 
4,850

 
1,579

Total
 
$
7,458

 
$
6,395

 
$
1,579

 
 
 
 
 
 
 
Loans Acquired With Deteriorated Credit Quality With No Related Allowance Recorded (Included in the Total Above)
 
$
190

 
$
90

 
$
—

Loans Acquired With Deteriorated Credit Quality With An Additional Allowance Recorded (Included in the Total Above)
 
$
747

 
$
197

 
$
10


(1) Unpaid Principal Balance is the remaining contractual payments inclusive of partial charge-offs.

December 31, 2014
 
Unpaid Principal Balance(1)
 
 Recorded Investment
 
Allowance for Loan Losses Allocated
With No Related Allowance Recorded:
 
 

 
 

 
 

Commercial and Industrial Loans and Leases
 
$
1,887

 
$
1,877

 
$
—

Commercial Real Estate Loans
 
1,944

 
1,447

 
—

Agricultural Loans
 
—

 
—

 
—

Subtotal
 
3,831

 
3,324

 
—

With An Allowance Recorded:
 
 

 
 

 
 

Commercial and Industrial Loans and Leases
 
84

 
87

 
87

Commercial Real Estate Loans
 
3,653

 
2,975

 
1,455

Agricultural Loans
 
—

 
—

 
—

Subtotal
 
3,737

 
3,062

 
1,542

Total
 
$
7,568

 
$
6,386

 
$
1,542

 
 
 
 
 
 
 
Loans Acquired With Deteriorated Credit Quality With No Related Allowance Recorded (Included in the Total Above)
 
$
289

 
$
133

 
$
—

Loans Acquired With Deteriorated Credit Quality With An Additional Allowance Recorded (Included in the Total Above)
 
$
759

 
$
209

 
$
10


(1) Unpaid Principal Balance is the remaining contractual payments inclusive of partial charge-offs.
 
The following tables present loans individually evaluated for impairment by class of loans for the three month period ended March 31, 2015 and 2014:
March 31, 2015
 
Average Recorded Investment
 
Interest Income Recognized
 
Cash Basis Recognized
With No Related Allowance Recorded:
 
 

 
 

 
 

Commercial and Industrial Loans and Leases
 
$
324

 
$
3

 
$
3

Commercial Real Estate Loans
 
1,484

 
11

 
11

Agricultural Loans
 
—

 
—

 
—

Subtotal
 
1,808

 
14

 
14

With An Allowance Recorded:
 
 

 
 

 
 

Commercial and Industrial Loans and Leases
 
1,934

 
23

 
25

Commercial Real Estate Loans
 
3,033

 
4

 
2

Agricultural Loans
 
—

 
—

 
—

Subtotal
 
4,967

 
27

 
27

Total
 
$
6,775

 
$
41

 
$
41

 
 
 
 
 
 
 
Loans Acquired With Deteriorated Credit Quality With No Related Allowance Recorded (Included in the Total Above)
 
$
204

 
$
—

 
$
—

Loans Acquired With Deteriorated Credit Quality With An Additional Allowance Recorded (Included in the Total Above)
 
$
298

 
$
—

 
$
—


March 31, 2014
 
Average Recorded Investment
 
Interest Income Recognized
 
Cash Basis Recognized
With No Related Allowance Recorded:
 
 

 
 

 
 

Commercial and Industrial Loans and Leases
 
$
2,135

 
$
30

 
$
33

Commercial Real Estate Loans
 
2,433

 
3

 
2

Agricultural Loans
 
—

 
—

 
—

Subtotal
 
4,568

 
33

 
35

With An Allowance Recorded:
 
 

 
 

 
 

Commercial and Industrial Loans and Leases
 
4,371

 
1

 
1

Commercial Real Estate Loans
 
4,243

 
4

 
4

Agricultural Loans
 
—

 
—

 
—

Subtotal
 
8,614

 
5

 
5

Total
 
$
13,182

 
$
38

 
$
40

 
 
 
 
 
 
 
Loans Acquired With Deteriorated Credit Quality With No Related Allowance Recorded (Included in the Total Above)
 
$
1,244

 
$
2

 
$
2

Loans Acquired With Deteriorated Credit Quality With An Additional Allowance Recorded (Included in the Total Above)
 
$
33

 
$
—

 
$
1

 
 

All classes of loans, including loans acquired with deteriorated credit quality, are generally placed on non-accrual status when scheduled principal or interest payments are past due for 90 days or more or when the borrower’s ability to repay becomes doubtful. For purchased loans, the determination is made at the time of acquisition as well as over the life of the loan. Uncollected accrued interest for each class of loans is reversed against income at the time a loan is placed on non-accrual. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. All classes of loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Loans are typically charged-off at 180 days past due, or earlier if deemed uncollectible. Exceptions to the non-accrual and charge-off policies are made when the loan is well secured and in the process of collection.
 
The following table presents the recorded investment in non-accrual loans and loans past due 90 days or more still on accrual by class of loans as of March 31, 2015 and December 31, 2014:
 
 
Non-Accrual
 
Loans Past Due 90 Days
or More & Still Accruing
 
 
2015
 
2014
 
2015
 
2014
Commercial and Industrial Loans and Leases
 
$
449

 
$
161

 
$
58

 
$
68

Commercial Real Estate Loans
 
3,233

 
3,460

 
—

 
—

Agricultural Loans
 
—

 
—

 
76

 
75

Home Equity Loans
 
302

 
268

 
—

 
—

Consumer Loans
 
58

 
196

 
—

 
—

Residential Mortgage Loans
 
1,901

 
1,885

 
—

 
—

Total
 
$
5,943

 
$
5,970

 
$
134

 
$
143

Loans Acquired With Deteriorated Credit Quality (Included in the Total Above)
 
$
977

 
$
1,154

 
$
—

 
$
—



The following tables present the aging of the recorded investment in past due loans by class of loans as of March 31, 2015 and December 31, 2014:
March 31, 2015
 
Total
 
30-59 Days Past Due
 
60-89 Days Past Due
 
90 Days or More Past Due
 
Total Past Due
 
Loans Not Past Due
Commercial and Industrial Loans and Leases
 
$
389,226

 
$
528

 
$
—

 
$
431

 
$
959

 
$
388,267

Commercial Real Estate Loans
 
582,736

 
757

 
118

 
611

 
1,486

 
581,250

Agricultural Loans
 
215,560

 
401

 
—

 
76

 
477

 
215,083

Home Equity Loans
 
86,484

 
228

 
42

 
302

 
572

 
85,912

Consumer Loans
 
46,073

 
190

 
45

 
56

 
291

 
45,782

Residential Mortgage Loans
 
136,751

 
2,765

 
141

 
1,742

 
4,648

 
132,103

Total(1)
 
$
1,456,830

 
$
4,869

 
$
346

 
$
3,218

 
$
8,433

 
$
1,448,397

Loans Acquired With Deteriorated Credit Quality (Included in the Total Above)
 
$
7,966

 
$
—

 
$
—

 
$
613

 
$
613

 
$
7,353


(1)Total recorded investment in loans includes $5,946 in accrued interest.
 
December 31, 2014
 
Total
 
30-59 Days Past Due
 
60-89 Days Past Due
 
90 Days or More Past Due
 
Total Past Due
 
Loans Not Past Due
Commercial and Industrial Loans and Leases
 
$
380,851

 
$
628

 
$
—

 
$
148

 
$
776

 
$
380,075

Commercial Real Estate Loans
 
584,426

 
504

 
10

 
753

 
1,267

 
583,159

Agricultural Loans
 
219,640

 
25

 
—

 
75

 
100

 
219,540

Home Equity Loans
 
86,570

 
197

 
4

 
268

 
469

 
86,101

Consumer Loans
 
48,732

 
132

 
28

 
75

 
235

 
48,497

Residential Mortgage Loans
 
137,549

 
2,046

 
329

 
1,720

 
4,095

 
133,454

Total(1)
 
$
1,457,768

 
$
3,532

 
$
371

 
$
3,039

 
$
6,942

 
$
1,450,826

Loans Acquired With Deteriorated Credit Quality (Included in the Total Above)
 
$
8,361

 
$
—

 
$
—

 
$
648

 
$
648

 
$
7,713

 
(1)Total recorded investment in loans includes $5,778 in accrued interest.
 
Troubled Debt Restructurings:
 
In certain instances, the Company may choose to restructure the contractual terms of loans. A troubled debt restructuring occurs when the Company grants a concession to the borrower that it would not otherwise consider due to a borrower’s financial difficulty.   In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without modification. This evaluation is performed under the Company’s internal underwriting policy. The Company uses the same methodology for loans acquired with deteriorated credit quality as for all other loans when determining whether the loan is a troubled debt restructuring.
 
During the three months ended March 31, 2015, there were no loans modified as troubled debt restructurings. During the three months ended March 31, 2014, there was one loan modified as troubled debt restructuring. The modification of the terms of this loan included a permanent reduction of the recorded investment in the loan. There were no troubled debt restructurings for the three months ended March 31, 2015 and the year ended December 31, 2014 for loans acquired with deteriorated credit quality at the time of acquisition.

The following tables present the recorded investment of troubled debt restructurings by class of loans as of March 31, 2015 and December 31, 2014:
March 31, 2015
 
Total
 
Performing
 
Non-Accrual(1)
Commercial and Industrial Loans and Leases
 
$
1,726

 
$
1,721

 
$
5

Commercial Real Estate Loans
 
2,860

 
1,001

 
1,859

Total
 
$
4,586

 
$
2,722

 
$
1,864


December 31, 2014
 
Total
 
Performing
 
Non-Accrual(1)
Commercial and Industrial Loans and Leases
 
$
1,809

 
$
1,803

 
$
6

Commercial Real Estate Loans
 
2,841

 
960

 
1,881

Total
 
$
4,650

 
$
2,763

 
$
1,887

 
(1)The non-accrual troubled debt restructurings are included in the Non-Accrual Loan table presented on previous page.
 
The Company had not committed to lending any additional amounts as of March 31, 2015 and December 31, 2014 to customers with outstanding loans that are classified as troubled debt restructurings.
 
The following tables present loans by class modified as troubled debt restructurings that occurred during the three months ending March 31, 2015 and 2014: 
March 31, 2015
 
Number of Loans
 
Pre-Modification Outstanding Recorded Investment
 
Post-Modification Outstanding Recorded Investment
Commercial and Industrial Loans and Leases
 
—

 
$
—

 
$
—

Commercial Real Estate Loans
 
—

 
—

 
—

Total
 
—

 
$
—

 
$
—

 
The troubled debt restructurings described above increased the allowance for loan losses by $0 and resulted in charge-offs of $0 during the three months ending March 31, 2015.
March 31, 2014
 
Number of Loans
 
Pre-Modification Outstanding Recorded Investment
 
Post-Modification Outstanding Recorded Investment
Commercial and Industrial Loans and Leases
 
—

 
$
—

 
$
—

Commercial Real Estate Loans
 
1

 
201

 
197

Total
 
1

 
$
201

 
$
197

 
The troubled debt restructurings described above increased the allowance for loan losses by $0 and resulted in charge-offs of $0 during the three months ending March 31, 2014.
 
 
The following tables present loans by class modified as troubled debt restructurings for which there was a payment default within twelve months following the modification during the three months ending March 31, 2015 and 2014:
Troubled Debt Restructurings That Subsequently Defaulted:
 
Number of Loans
 
Recorded Investment
March 31, 2015
 
 

 
 

Commercial and Industrial Loans and Leases
 
—

 
$
—

Commercial Real Estate Loans
 
1

 
95

Total
 
1

 
$
95

 
The troubled debt restructurings that subsequently defaulted described above resulted in no change to the allowance for loan losses and no charge-offs during the three months ending March 31, 2015.
Troubled Debt Restructurings That Subsequently Defaulted:
 
Number of Loans
 
Recorded Investment
March 31, 2014
 
 

 
 

Commercial and Industrial Loans and Leases
 
—

 
$
—

Commercial Real Estate Loans
 
—

 
—

Total
 
—

 
$
—

 
The troubled debt restructurings that subsequently defaulted described above resulted in no change to the allowance for loan losses and no charge-offs during the three months ending March 31, 2014.
 
A loan is considered to be in payment default once it is 30 days contractually past due under the modified terms.

Credit Quality Indicators:
 
The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company classifies loans as to credit risk by individually analyzing loans. This analysis includes commercial and industrial loans, commercial real estate loans, and agricultural loans with an outstanding balance greater than $100. This analysis is typically performed on at least an annual basis. The Company uses the following definitions for risk ratings:
 
Special Mention. Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date.
 
Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.
 
Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.
 
Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Based on the most recent analysis performed, the risk category of loans by class of loans is as follows:
March 31, 2015
 
Pass
 
Special Mention
 
Substandard
 
Doubtful
 
Total
Commercial and Industrial Loans and Leases
 
$
360,305

 
$
17,144

 
$
11,777

 
$
—

 
$
389,226

Commercial Real Estate Loans
 
544,672

 
23,505

 
14,559

 
—

 
582,736

Agricultural Loans
 
210,312

 
4,793

 
455

 
—

 
215,560

Total
 
$
1,115,289

 
$
45,442

 
$
26,791

 
$
—

 
$
1,187,522

Loans Acquired With Deteriorated Credit Quality (Included in the Total Above)
 
$
660

 
$
1,740

 
$
4,066

 
$
—

 
$
6,466


December 31, 2014
 
Pass
 
Special Mention
 
Substandard
 
Doubtful
 
Total
Commercial and Industrial Loans and Leases
 
$
351,250

 
$
18,387

 
$
11,214

 
$
—

 
$
380,851

Commercial Real Estate Loans
 
545,804

 
23,421

 
15,201

 
—

 
584,426

Agricultural Loans
 
214,974

 
4,211

 
455

 
—

 
219,640

Total
 
$
1,112,028

 
$
46,019

 
$
26,870

 
$
—

 
$
1,184,917

Loans Acquired With Deteriorated Credit Quality (Included in the Total Above)
 
$
651

 
$
1,697

 
$
4,391

 
$
—

 
$
6,739


 
The Company considers the performance of the loan portfolio and its impact on the allowance for loan losses. For home equity, consumer and residential mortgage loan classes, the Company also evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity.  The following table presents the recorded investment in home equity, consumer and residential mortgage loans based on payment activity as of March 31, 2015 and December 31, 2014:
March 31, 2015
 
Home Equity Loans
 
Consumer Loans
 
Residential Mortgage Loans
Performing
 
$
86,182

 
$
46,015

 
$
134,850

Nonperforming
 
302

 
58

 
1,901

Total
 
$
86,484

 
$
46,073

 
$
136,751

Loans Acquired With Deteriorated Credit Quality
(Included in the Total Above)
 
$
—

 
$
—

 
$
1,500

 
December 31, 2014
 
Home Equity Loans
 
Consumer Loans
 
Residential Mortgage Loans
Performing
 
$
86,302

 
$
48,536

 
$
135,664

Nonperforming
 
268

 
196

 
1,885

Total
 
$
86,570

 
$
48,732

 
$
137,549

Loans Acquired With Deteriorated Credit Quality
(Included in the Total Above)
 
$
—

 
$
118

 
$
1,504


 
The Company has purchased loans, for which there was, at acquisition, evidence of deterioration of credit quality since 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: 
 
 
March 31, 2015
 
 
 
Commercial and Industrial Loans
 
$
396

Commercial Real Estate Loans
 
6,070

Home Equity Loans
 
—

Consumer Loans
 
—

Residential Mortgage Loans
 
1,500

Total
 
$
7,966

 
 
 

Carrying Amount, Net of Allowance
 
$
7,912

 
 
 
December 31, 2014
 
 
 
Commercial and Industrial Loans
 
$
354

Commercial Real Estate Loans
 
6,385

Home Equity Loans
 
—

Consumer Loans
 
118

Residential Mortgage Loans
 
1,504

Total
 
$
8,361

 
 
 

Carrying Amount, Net of Allowance
 
$
8,307



Accretable yield, or income expected to be collected, is as follows:
 
 
2015
 
2014
 
 
 
 
 
Balance at January 1
 
$
1,685

 
$
1,279

New Loans Purchased
 
—

 
—

Accretion of Income
 
(59
)
 
(78
)
Reclassifications from Non-accretable Difference
 
—

 
—

Charge-off of Accretable Yield
 
—

 
—

Balance at March 31
 
$
1,626

 
$
1,201


For those purchased loans disclosed above, the Company did not increase the allowance for loan losses during the three months ended March 31, 2015 and 2014. No allowances for loan losses were reversed during the same period.
 

The carrying amount of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process according to local requirements of the applicable jurisdiction totaled $148 as of March 31, 2015 and $288 as of December 31, 2014.