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Allowance for Loan Losses (Tables)
 9 Months Ended
Sep. 30, 2014
Allowance For Loan Losses Disclosure [Abstract]  
Schedule of allowances for loan losses by portfolio segment
Allowance for Loan Losses

The following table presents the activity of the allowance for loan losses by portfolio segment for the three months
ended September 30. 
Allowance for Loan Losses:
 
September 30, 2014
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Beginning balance
 
$
10,850

 
$
1,374

 
$
3,769

 
$
2,262

 
$
18,255

Provision for loan losses*
 
589

 
72

 
1,047

 
(178
)
 
1,530

Loans charged -off
 
(1,310
)
 
(153
)
 
(1,193
)
 
—

 
(2,656
)
Recoveries
 
51

 
34

 
293

 
—

 
378

Ending Balance
 
$
10,180

 
$
1,327

 
$
3,916

 
$
2,084

 
$
17,507


* Provision before decrease of $24 thousand in 2014 for increase in FDIC indemnification asset
Allowance for Loan Losses:
 
September 30, 2013
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Beginning balance
 
$
14,531

 
$
1,592

 
$
3,637

 
$
2,373

 
$
22,133

Provision for loan losses*
 
(486
)
 
(266
)
 
504

 
548

 
300

Loans charged -off
 
(388
)
 
(284
)
 
(840
)
 
—

 
(1,512
)
Recoveries
 
361

 
398

 
324

 
—

 
1,083

Ending Balance
 
$
14,018

 
$
1,440

 
$
3,625

 
$
2,921

 
$
22,004


* Provision before increase of $195 thousand in 2013 for decrease in FDIC indemnification asset









The following table presents the activity of the allowance for loan losses by portfolio segment for the nine months
ended September 30. 
Allowance for Loan Losses:
 
September 30, 2014
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Beginning balance
 
$
12,450

 
$
1,585

 
$
3,650

 
$
2,383

 
$
20,068

Provision for loan losses*
 
270

 
84

 
2,380

 
(299
)
 
2,435

Loans charged -off
 
(2,956
)
 
(958
)
 
(3,228
)
 
 
 
(7,142
)
Recoveries
 
416

 
616

 
1,114

 
 
 
2,146

Ending Balance
 
$
10,180

 
$
1,327

 
$
3,916

 
$
2,084

 
$
17,507


* Provision before increase of $675 thousand in 2014 for decrease in FDIC indemnification asset
Allowance for Loan Losses:
 
September 30, 2013
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Beginning balance
 
$
10,987

 
$
5,426

 
$
3,879

 
$
1,666

 
$
21,958

Provision for loan losses*
 
2,438

 
234

 
1,348

 
1,255

 
5,275

Loans charged -off
 
(2,273
)
 
(4,683
)
 
(2,677
)
 
 
 
(9,633
)
Recoveries
 
2,866

 
463

 
1,075

 
 
 
4,404

Ending Balance
 
$
14,018

 
$
1,440

 
$
3,625

 
$
2,921

 
$
22,004


* Provision before increase of $1.2 million in 2013 for decrease in FDIC indemnification asset
Allocation of the allowance for loan losses by portfolio segment based on the impairment method
The following table presents the allocation of the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method at September 30, 2014 and December 31, 2013. 
Allowance for Loan Losses
 
September 30, 2014
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Individually evaluated for impairment
 
$
1,243

 
$
—

 
$
—

 
$
—

 
$
1,243

Collectively evaluated for impairment
 
8,197

 
1,290

 
3,916

 
2,084

 
15,487

Acquired with deteriorated credit quality
 
740

 
37

 
—

 
—

 
777

Ending Balance
 
$
10,180

 
$
1,327

 
$
3,916

 
$
2,084

 
$
17,507

 
Loans:
 
September 30, 2014
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
 
 
Total
Individually evaluated for impairment
 
$
17,495

 
$
58

 
$
—

 
 
 
$
17,553

Collectively evaluated for impairment
 
1,047,045

 
476,522

 
270,476

 
 
 
1,794,043

Acquired with deteriorated credit quality
 
5,850

 
1,839

 
—

 
 
 
7,689

Ending Balance
 
$
1,070,390

 
$
478,419

 
$
270,476

 
 
 
$
1,819,285

Allowance for Loan Losses:
 
December 31, 2013
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Individually evaluated for impairment
 
3,158

 
—

 
—

 
—

 
3,158

Collectively evaluated for impairment
 
8,421

 
1,408

 
3,650

 
2,383

 
15,862

Acquired with deteriorated credit quality
 
871

 
177

 
—

 
—

 
1,048

Ending Balance
 
$
12,450

 
$
1,585

 
$
3,650

 
$
2,383

 
$
20,068

Loans
 
December 31, 2013
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
 
 
Total
Individually evaluated for impairment
 
18,825

 
37

 
—

 
 
 
18,862

Collectively evaluated for impairment
 
1,020,771

 
481,439

 
269,352

 
 
 
1,771,562

Acquired with deteriorated credit quality
 
8,001

 
2,397

 
—

 
 
 
10,398

Ending Balance
 
$
1,047,597

 
$
483,873

 
$
269,352

 
 
 
$
1,800,822
Schedule of loans individually evaluated for impairment by class of loans
The following tables present loans individually evaluated for impairment by class of loans. 
 
 
 
 
 
 
September 30, 2014
 
 
 
 
 
 
Unpaid
Principal
 
Recorded
 
Allowance
for Loan
Losses
 
Average
Recorded
 
Interest
Income
 
Cash Basis
Interest
(Dollar amounts in thousands)
 
Balance
 
Investment
 
Allocated
 
Investment
 
Recognized
 
Recognized
With no related allowance recorded:
 
 

 
 

 
 

 
 

 
 

 
 

Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
10,380

 
$
7,941

 
$
—

 
$
3,005

 
$
—

 
$
—

Farmland
 
—

 
—

 
—

 
—

 
—

 
—

Non Farm, Non Residential
 
—

 
—

 
—

 
73

 
—

 
—

Agriculture
 
—

 
—

 
—

 
—

 
—

 
—

All Other Commercial
 
—

 
—

 
—

 
—

 
—

 
—

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
24

 
24

 
—

 
6

 
—

 
—

Home Equity
 
—

 
—

 
—

 
—

 
—

 
—

Junior Liens
 
—

 
—

 
—

 
—

 
—

 
—

Multifamily
 
—

 
—

 
—

 
—

 
—

 
—

All Other Residential
 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
—

 
—

 
—

 
—

 
—

 
—

All Other Consumer
 
—

 
—

 
—

 
—

 
—

 
—

With an allowance recorded:
 
 

 
 

 
 

 
 

 
 

 
 

Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
1,459

 
1,459

 
418

 
6,253

 
—

 
—

Farmland
 
—

 
—

 
—

 
—

 
—

 
—

Non Farm, Non Residential
 
6,836

 
6,836

 
710

 
6,709

 
—

 
—

Agriculture
 
—

 
—

 
—

 
—

 
—

 
—

All Other Commercial
 
1,259

 
1,259

 
115

 
1,184

 
—

 
—

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
34

 
34

 
—

 
36

 
—

 
—

Home Equity
 
—

 
—

 
—

 
—

 
—

 
—

Junior Liens
 
—

 
—

 
—

 
—

 
—

 
—

Multifamily
 
—

 
—

 
—

 
—

 
—

 
—

All Other Residential
 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
—

 
—

 
—

 
—

 
—

 
—

All Other Consumer
 
—

 
—

 
—

 
—

 
—

 
—

TOTAL
 
$
19,992

 
$
17,553

 
$
1,243

 
$
17,266

 
$
—

 
$
—

 

 
 
 
 
 
 
December 31, 2013
 
 
 
 
 
 
Unpaid
Principal
 
Recorded
 
Allowance
for Loan
Losses
 
Average
Recorded
 
Interest
Income
 
Cash Basis
Interest
Income
(Dollar amounts in thousands)
 
Balance
 
Investment
 
Allocated
 
Investment
 
Recognized
 
Recognized
With no related allowance recorded:
 
 

 
 

 
 

 
 

 
 

 
 

Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
2,120

 
$
1,918

 
$
—

 
$
1,555

 
$
—

 
$
—

Farmland
 
—

 
—

 
—

 
—

 
—

 
—

Non Farm, Non Residential
 
271

 
105

 
—

 
26

 
—

 
—

Agriculture
 
—

 
—

 
—

 
—

 
—

 
—

All Other Commercial
 
—

 
—

 
—

 
—

 
—

 
—

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
—

 
—

 
—

 
7

 
—

 
—

Home Equity
 
—

 
—

 
—

 
—

 
—

 
—

Junior Liens
 
—

 
—

 
—

 
—

 
—

 
—

Multifamily
 
—

 
—

 
—

 
—

 
—

 
—

All Other Residential
 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
—

 
—

 
—

 
—

 
—

 
—

All Other Consumer
 
—

 
—

 
—

 
—

 
—

 
—

With an allowance recorded:
 
 

 
 

 
 

 
 

 
 

 
 

Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
10,134

 
8,620

 
1,612

 
13,029

 
217

 
217

Farmland
 
—

 
—

 
—

 
356

 
113

 
113

Non Farm, Non Residential
 
7,664

 
7,204

 
1,500

 
7,921

 
—

 
—

Agriculture
 
—

 
—

 
—

 
—

 
—

 
—

All Other Commercial
 
1,062

 
1,062

 
46

 
2,979

 
—

 
—

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
37

 
37

 
—

 
524

 
—

 
—

Home Equity
 
—

 
—

 
—

 
113

 
—

 
—

Junior Liens
 
—

 
—

 
—

 
—

 
—

 
—

Multifamily
 
—

 
—

 
—

 
2,216

 
—

 
—

All Other Residential
 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
—

 
—

 
—

 
—

 
—

 
—

All Other Consumer
 
—

 
—

 
—

 
—

 
—

 
—

TOTAL
 
$
21,288

 
$
18,946

 
$
3,158

 
$
28,726

 
$
330

 
$
330

 
Schedule of non-performing loans
The table below presents the recorded investment in non-performing loans.
 
 
September 30, 2014
 
December 31, 2013
 
 
Loans Past
Due Over
90 Day Still
 
Troubled
Debt
 
 
 
Loans Past
Due Over
90 Day Still
 
Troubled
Debt
 
 
(Dollar amounts in thousands)
 
Accruing
 
Restructurings
 
Nonaccrual
 
Accruing
 
Restructurings
 
Nonaccrual
Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
—

 
$
5,053

 
$
6,148

 
$
240

 
$
6,578

 
$
6,861

Farmland
 
—

 
—

 
89

 
—

 
—

 
99

Non Farm, Non Residential
 
—

 
4,044

 
4,713

 
489

 
5,687

 
4,918

Agriculture
 
—

 
—

 
310

 
—

 
—

 
134

All Other Commercial
 
—

 
—

 
1,571

 
—

 
—

 
1,412

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
641

 
5,209

 
4,195

 
1,100

 
4,283

 
4,047

Home Equity
 
53

 
—

 
269

 
40

 
—

 
195

Junior Liens
 
3

 
—

 
388

 
147

 
—

 
390

Multifamily
 
—

 
—

 
—

 
—

 
61

 
433

All Other Residential
 
4

 
—

 
115

 
1

 
—

 
130

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
169

 
557

 
300

 
187

 
626

 
186

All Other Consumer
 
3

 
3

 
575

 
3

 
17

 
974

TOTAL
 
$
873

 
$
14,866

 
$
18,673

 
$
2,207

 
$
17,252

 
$
19,779
Aging of recorded investment in loans by past due category and class of loans
The following table presents the aging of the recorded investment in loans by past due category and class of loans. 
 
 
September 30, 2014
 
 
30-59 Days
 
60-89 Days
 
Greater
than 90 days
 
Total
 
 
 
 
(Dollar amounts in thousands)
 
Past Due
 
Past Due
 
Past Due
 
Past Due
 
Current
 
Total
Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
568

 
$
454

 
$
3,123

 
$
4,145

 
$
474,457

 
$
478,602

Farmland
 
27

 
—

 
—

 
27

 
94,024

 
94,051

Non Farm, Non Residential
 
1,932

 
160

 
449

 
2,541

 
229,676

 
232,217

Agriculture
 
638

 
392

 
210

 
1,240

 
136,893

 
138,133

All Other Commercial
 
301

 
94

 
—

 
395

 
126,992

 
127,387

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
1,201

 
827

 
1,786

 
3,814

 
320,115

 
323,929

Home Equity
 
126

 
27

 
119

 
272

 
39,990

 
40,262

Junior Liens
 
225

 
68

 
218

 
511

 
31,594

 
32,105

Multifamily
 
15

 
—

 
—

 
15

 
72,914

 
72,929

All Other Residential
 
—

 
23

 
4

 
27

 
9,167

 
9,194

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
2,558

 
473

 
170

 
3,201

 
246,295

 
249,496

All Other Consumer
 
135

 
19

 
3

 
157

 
20,823

 
20,980

TOTAL
 
$
7,726

 
$
2,537

 
$
6,082

 
$
16,345

 
$
1,802,940

 
$
1,819,285

 
 
 
December 31, 2013
 
 
30-59 Days
 
60-89 Days
 
Greater
than 90 days
 
Total
 
 
 
 
(Dollar amounts in thousands)
 
Past Due
 
Past Due
 
Past Due
 
Past Due
 
Current
 
Total
Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
1,076

 
$
266

 
$
7,900

 
$
9,242

 
$
459,076

 
$
468,318

Farmland
 
—

 
—

 
—

 
—

 
92,602

 
92,602

Non Farm, Non Residential
 
362

 
—

 
2,042

 
2,404

 
239,183

 
241,587

Agriculture
 
31

 
32

 
—

 
63

 
136,388

 
136,451

All Other Commercial
 
50

 
217

 
188

 
455

 
108,184

 
108,639

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
5,594

 
1,513

 
1,701

 
8,808

 
324,141

 
332,949

Home Equity
 
307

 
7

 
40

 
354

 
41,350

 
41,704

Junior Liens
 
392

 
170

 
471

 
1,033

 
32,269

 
33,302

Multifamily
 
103

 
19

 
400

 
522

 
66,138

 
66,660

All Other Residential
 
88

 
—

 
1

 
89

 
9,169

 
9,258

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
3,579

 
612

 
227

 
4,418

 
243,146

 
247,564

All Other Consumer
 
123

 
22

 
7

 
152

 
21,636

 
21,788

TOTAL
 
$
11,705

 
$
2,858

 
$
12,977

 
$
27,540

 
$
1,773,282

 
$
1,800,822
Analysis of risk category of loans by class of loans
Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Loans listed as not rated are either less than $100 thousand or are included in groups of homogeneous loans. As of September 30, 2014 and December 31, 2013, and based on the most recent analysis performed, the risk category of loans by class of loans are as follows:
 
 
September 30, 2014
(Dollar amounts in thousands)
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Not Rated
 
Total
Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
424,077

 
$
28,816

 
$
18,510

 
$
2,763

 
$
3,181

 
$
477,347

Farmland
 
87,269

 
4,687

 
290

 
—

 
16

 
92,262

Non Farm, Non Residential
 
186,090

 
21,105

 
24,466

 
6

 
—

 
231,667

Agriculture
 
127,247

 
7,573

 
1,560

 
—

 
41

 
136,421

All Other Commercial
 
109,833

 
7,774

 
7,696

 
36

 
1,339

 
126,678

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
109,371

 
4,338

 
7,966

 
1,043

 
200,177

 
322,895

Home Equity
 
12,239

 
579

 
1,124

 
100

 
26,157

 
40,199

Junior Liens
 
8,039

 
176

 
551

 
64

 
23,177

 
32,007

Multifamily
 
68,078

 
3,580

 
1,091

 
—

 
1

 
72,750

All Other Residential
 
1,795

 
—

 
607

 
—

 
6,768

 
9,170

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
10,974

 
383

 
252

 
12

 
236,817

 
248,438

All Other Consumer
 
3,290

 
119

 
75

 
8

 
17,361

 
20,853

TOTAL
 
$
1,148,302

 
$
79,130

 
$
64,188

 
$
4,032

 
$
515,035

 
$
1,810,687

 
 
December 31, 2013
(Dollar amounts in thousands)
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Not Rated
 
Total
Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
406,650

 
$
18,968

 
$
30,986

 
$
4,069

 
$
6,426

 
$
467,099

Farmland
 
86,633

 
3,631

 
347

 
—

 
445

 
91,056

Non Farm, Non Residential
 
207,115

 
13,408

 
19,719

 
809

 
—

 
241,051

Agriculture
 
128,137

 
6,482

 
105

 
—

 
71

 
134,795

All Other Commercial
 
93,515

 
2,297

 
10,038

 
44

 
2,243

 
108,137

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
114,074

 
3,834

 
8,498

 
995

 
204,416

 
331,817

Home Equity
 
12,883

 
274

 
1,071

 
113

 
27,295

 
41,636

Junior Liens
 
8,858

 
60

 
550

 
67

 
23,654

 
33,189

Multifamily
 
63,073

 
1,908

 
1,482

 
48

 
—

 
66,511

All Other Residential
 
3,643

 
—

 
31

 
—

 
5,550

 
9,224

Consumer
 


 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
11,447

 
219

 
510

 
9

 
234,210

 
246,395

All Other Consumer
 
3,507

 
46

 
79

 
22

 
17,984

 
21,638

TOTAL
 
$
1,139,535

 
$
51,127

 
$
73,416

 
$
6,176

 
$
522,294

 
$
1,792,548
Troubled Debt Restructurings on Financing Receivables
During the three and nine months ended September 30, 2014 and 2013, the terms of certain loans were modified as troubled debt restructurings (TDRs). The following tables present the activity for TDR's.
 
 
 
 
2014
 
 
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Total
July 1,
 
9,206

 
4,956

 
559

 
14,721

    Added
 
—

 
340

 
115

 
455

    Charged Off
 
—

 
(67
)
 
(24
)
 
(91
)
    Payments
 
(122
)
 
(124
)
 
(81
)
 
(327
)
September 30,
 
9,084

 
5,105

 
569

 
14,758

 
 
 
 
2013
 
 
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Total
July 1,
 
15,005

 
4,572

 
693

 
21,285

    Added
 
1,561

 
—

 
41

 
1,602

    Charged Off
 
—

 
—

 
—

 
—

    Payments
 
(268
)
 
(145
)
 
(91
)
 
(504
)
September 30,
 
16,298

 
4,427

 
643

 
21,368

 
 
 
 
2014
 
 
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Total
January 1,
 
12,327

 
4,330

 
644

 
17,301

    Added
 
441

 
1,141

 
213

 
1,795

    Charged Off
 
(1,069
)
 
(67
)
 
(63
)
 
(1,199
)
    Payments
 
(2,615
)
 
(299
)
 
(225
)
 
(3,139
)
September 30,
 
9,084

 
5,105

 
569

 
14,758

 
 
 
 
2013
 
 
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Total
January 1,
 
16,474

 
4,107

 
704

 
21,285

    Added
 
1,561

 
780

 
204

 
2,545

    Charged Off
 
—

 
(50
)
 
(32
)
 
(82
)
    Payments
 
(1,737
)
 
(410
)
 
(233
)
 
(2,380
)
September 30,
 
16,298

 
4,427

 
643

 
21,368