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Allowance for Loan Losses (Tables)
 9 Months Ended
Sep. 30, 2015
Loans and Leases Receivable, Allowance [Abstract]  
Schedule of allowances for loan losses by portfolio segment
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, 2015
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Beginning balance
 
$
10,931

 
$
1,760

 
$
4,678

 
$
2,492

 
$
19,861

Provision for loan losses
 
1,338

 
158

 
1,052

 
(1,498
)
 
1,050

Loans charged -off
 
(1,874
)
 
(220
)
 
(1,201
)
 
—

 
(3,295
)
Recoveries
 
1,694

 
196

 
419

 
—

 
2,309

Ending Balance
 
$
12,089

 
$
1,894

 
$
4,948

 
$
994

 
$
19,925




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
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, 2015 and December 31, 2014. 
Allowance for Loan Losses
 
September 30, 2015
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Individually evaluated for impairment
 
$
996

 
$
232

 
$
—

 
$
—

 
$
1,228

Collectively evaluated for impairment
 
10,902

 
1,662

 
4,948

 
994

 
18,506

Acquired with deteriorated credit quality
 
191

 
—

 
—

 
—

 
191

Ending Balance
 
$
12,089

 
$
1,894

 
$
4,948

 
$
994

 
$
19,925

 
Loans:
 
September 30, 2015
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
 
 
Total
Individually evaluated for impairment
 
$
9,648

 
$
934

 
$
—

 
 
 
$
10,582

Collectively evaluated for impairment
 
1,032,992

 
450,198

 
273,436

 
 
 
1,756,626

Acquired with deteriorated credit quality
 
4,194

 
1,586

 
—

 
 
 
5,780

Ending Balance
 
$
1,046,834

 
$
452,718

 
$
273,436

 
 
 
$
1,772,988


Allowance for Loan Losses:
 
December 31, 2014
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Individually evaluated for impairment
 
1,911

 
—

 
—

 
—

 
1,911

Collectively evaluated for impairment
 
8,733

 
1,365

 
4,370

 
2,180

 
16,648

Acquired with deteriorated credit quality
 
271

 
9

 
—

 
—

 
280

Ending Balance
 
$
10,915

 
$
1,374

 
$
4,370

 
$
2,180

 
$
18,839


Loans
 
December 31, 2014
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
 
 
Total
Individually evaluated for impairment
 
14,573

 
33

 
—

 
 
 
14,606

Collectively evaluated for impairment
 
1,030,949

 
468,872

 
267,880

 
 
 
1,767,701

Acquired with deteriorated credit quality
 
4,887

 
1,631

 
—

 
 
 
6,518

Ending Balance
 
$
1,050,409

 
$
470,536

 
$
267,880

 
 
 
$
1,788,825
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, 2015
 
 
 
 
 
 
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
 
$
1,565

 
$
1,272

 
$
—

 
$
1,939

 
$
—

 
$
—

Farmland
 
—

 
—

 
—

 
—

 
—

 
—

Non Farm, Non Residential
 
3,243

 
3,243

 
—

 
1,800

 
—

 
—

Agriculture
 
—

 
—

 
—

 
—

 
—

 
—

All Other Commercial
 
1,776

 
1,776

 
—

 
1,029

 
—

 
—

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
30

 
30

 
—

 
15

 
—

 
—

Home Equity
 
—

 
—

 
—

 
—

 
—

 
—

Junior Liens
 
—

 
—

 
—

 
—

 
—

 
—

Multifamily
 
—

 
—

 
—

 
—

 
—

 
—

All Other Residential
 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
—

 
—

 
—

 
—

 
—

 
—

All Other Consumer
 
—

 
—

 
—

 
—

 
—

 
—

With an allowance recorded:
 
 

 
 

 
 

 
 

 
 

 
 

Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
1,618

 
1,618

 
278

 
4,080

 
—

 
—

Farmland
 
—

 
—

 
—

 
—

 
—

 
—

Non Farm, Non Residential
 
1,506

 
1,506

 
718

 
4,248

 
—

 
—

Agriculture
 
—

 
—

 
—

 
—

 
—

 
—

All Other Commercial
 
233

 
233

 
—

 
548

 
—

 
—

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
904

 
904

 
232

 
357

 
—

 
—

Home Equity
 
—

 
—

 
—

 
—

 
—

 
—

Junior Liens
 
—

 
—

 
—

 
—

 
—

 
—

Multifamily
 
—

 
—

 
—

 
—

 
—

 
—

All Other Residential
 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
—

 
—

 
—

 
—

 
—

 
—

All Other Consumer
 
—

 
—

 
—

 
—

 
—

 
—

TOTAL
 
$
10,875

 
$
10,582

 
$
1,228

 
$
14,016

 
$
—

 
$
—

 



 
 
 
 
 
 
December 31, 2014
 
 
 
 
 
 
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
 
$
1,200

 
$
926

 
$
—

 
$
2,589

 
$
—

 
$
—

Farmland
 
—

 
—

 
—

 
—

 
—

 
—

Non Farm, Non Residential
 
—

 
—

 
—

 
58

 
—

 
—

Agriculture
 
—

 
—

 
—

 
—

 
—

 
—

All Other Commercial
 
292

 
292

 
—

 
58

 
—

 
—

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
—

 
—

 
—

 
5

 
—

 
—

Home Equity
 
—

 
—

 
—

 
—

 
—

 
—

Junior Liens
 
—

 
—

 
—

 
—

 
—

 
—

Multifamily
 
—

 
—

 
—

 
—

 
—

 
—

All Other Residential
 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
—

 
—

 
—

 
—

 
—

 
—

All Other Consumer
 
—

 
—

 
—

 
—

 
—

 
—

With an allowance recorded:
 
 

 
 

 
 

 
 

 
 

 
 

Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
7,388

 
5,874

 
1,056

 
6,177

 
—

 
—

Farmland
 
—

 
—

 
—

 
—

 
—

 
—

Non Farm, Non Residential
 
6,654

 
6,654

 
753

 
6,698

 
—

 
—

Agriculture
 
—

 
—

 
—

 
—

 
—

 
—

All Other Commercial
 
827

 
827

 
102

 
1,112

 
—

 
—

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
33

 
33

 
—

 
35

 
—

 
—

Home Equity
 
—

 
—

 
—

 
—

 
—

 
—

Junior Liens
 
—

 
—

 
—

 
—

 
—

 
—

Multifamily
 
—

 
—

 
—

 
—

 
—

 
—

All Other Residential
 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
—

 
—

 
—

 
—

 
—

 
—

All Other Consumer
 
—

 
—

 
—

 
—

 
—

 
—

TOTAL
 
$
16,394

 
$
14,606

 
$
1,911

 
$
16,732

 
$
—

 
$
—

 
Schedule of non-performing loans
The tables below presents the recorded investment in non-performing loans.
 
 
September 30, 2015
 
 
Loans Past
Due Over
90 Day Still
 
Troubled
Debt
 
 
(Dollar amounts in thousands)
 
Accruing
 
Accruing
 
Nonaccrual
 
Nonaccrual
Commercial
 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
—

 
$
5

 
$
430

 
$
3,943

Farmland
 
—

 
—

 
—

 
385

Non Farm, Non Residential
 
—

 
7

 
3,190

 
2,666

Agriculture
 
588

 
—

 
—

 
289

All Other Commercial
 
—

 
—

 
—

 
1,993

Residential
 
 

 
 

 
 
 
 

First Liens
 
798

 
4,558

 
995

 
5,062

Home Equity
 
62

 
—

 
—

 
295

Junior Liens
 
13

 
—

 
—

 
230

Multifamily
 
—

 
—

 
—

 
—

All Other Residential
 
—

 
—

 
—

 
115

Consumer
 
 

 
 

 
 
 
 

Motor Vehicle
 
234

 
181

 
11

 
150

All Other Consumer
 
6

 
40

 
423

 
984

TOTAL
 
$
1,701

 
$
4,791

 
$
5,049

 
$
16,112


 
 
December 31, 2014
 
 
Loans Past
Due Over
90 Day Still
 
Troubled
Debt
 
 
(Dollar amounts in thousands)
 
Accruing
 
Accruing
 
Nonaccrual
 
Nonaccrual
Commercial
 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
—

 
$
7

 
$
4,961

 
$
3,720

Farmland
 
—

 
—

 
—

 
79

Non Farm, Non Residential
 
—

 
10

 
3,987

 
3,388

Agriculture
 
—

 
—

 
—

 
767

All Other Commercial
 
—

 
—

 
—

 
1,258

Residential
 
 

 
 

 
 
 
 

First Liens
 
603

 
4,357

 
842

 
3,861

Home Equity
 
88

 
—

 
—

 
404

Junior Liens
 
12

 
—

 
—

 
275

Multifamily
 
—

 
—

 
—

 
—

All Other Residential
 
5

 
—

 
—

 
111

Consumer
 
 

 
 

 
 
 
 

Motor Vehicle
 
162

 
257

 
83

 
210

All Other Consumer
 
3

 
1

 
269

 
961

TOTAL
 
$
873

 
$
4,632

 
$
10,142

 
$
15,034
Troubled Debt Restructurings on Financing Receivables
During the three and nine months ended September 30, 2015 and 2014, the terms of certain loans were modified as troubled debt restructurings (TDRs). The following tables present the activity for TDR's.

 
 
 
 
2015
 
 
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Total
July 1,
 
8,705

 
5,589

 
657

 
14,951

    Added
 
—

 
16

 
50

 
66

    Charged Off
 
—

 
—

 
(4
)
 
(4
)
    Payments
 
(5,081
)
 
(63
)
 
(41
)
 
(5,185
)
September 30,
 
3,624

 
5,542

 
662

 
9,828


 
 
 
 
2015
 
 
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Total
January 1,
 
8,955

 
5,189

 
614

 
14,758

    Added
 
—

 
668

 
239

 
907

    Charged Off
 
—

 
(62
)
 
(44
)
 
(106
)
    Payments
 
(5,331
)
 
(253
)
 
(147
)
 
(5,731
)
September 30,
 
3,624

 
5,542

 
662

 
9,828


 
 
 
 
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


 
 
 
 
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
Aging of recorded investment in loans by past due category and class of loans
The following tables presents the aging of the recorded investment in loans by past due category and class of loans.  
 
 
September 30, 2015
 
 
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
 
$
190

 
$
321

 
$
1,825

 
$
2,336

 
$
474,550

 
$
476,886

Farmland
 
25

 
567

 
—

 
592

 
103,759

 
104,351

Non Farm, Non Residential
 
157

 
—

 
321

 
478

 
211,797

 
212,275

Agriculture
 
306

 
368

 
615

 
1,289

 
130,491

 
131,780

All Other Commercial
 
54

 
—

 
148

 
202

 
121,340

 
121,542

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
1,083

 
813

 
1,723

 
3,619

 
298,948

 
302,567

Home Equity
 
154

 
61

 
161

 
376

 
37,837

 
38,213

Junior Liens
 
306

 
87

 
187

 
580

 
30,602

 
31,182

Multifamily
 
—

 
—

 
—

 
—

 
71,916

 
71,916

All Other Residential
 
—

 
—

 
—

 
—

 
8,840

 
8,840

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
2,619

 
495

 
251

 
3,365

 
247,719

 
251,084

All Other Consumer
 
94

 
49

 
6

 
149

 
22,203

 
22,352

TOTAL
 
$
4,988

 
$
2,761

 
$
5,237

 
$
12,986

 
$
1,760,002

 
$
1,772,988

 
 
 
December 31, 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
 
$
574

 
$
416

 
$
3,046

 
$
4,036

 
$
451,549

 
$
455,585

Farmland
 
—

 
—

 
—

 
—

 
95,452

 
95,452

Non Farm, Non Residential
 
1,528

 
68

 
202

 
1,798

 
232,440

 
234,238

Agriculture
 
246

 
18

 
502

 
766

 
149,099

 
149,865

All Other Commercial
 
255

 
—

 
—

 
255

 
115,014

 
115,269

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
6,011

 
963

 
1,522

 
8,496

 
308,068

 
316,564

Home Equity
 
141

 
33

 
310

 
484

 
40,043

 
40,527

Junior Liens
 
270

 
83

 
217

 
570

 
31,487

 
32,057

Multifamily
 
—

 
—

 
—

 
—

 
72,310

 
72,310

All Other Residential
 
112

 
—

 
5

 
117

 
8,961

 
9,078

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
3,026

 
557

 
180

 
3,763

 
242,406

 
246,169

All Other Consumer
 
114

 
7

 
3

 
124

 
21,587

 
21,711

TOTAL
 
$
12,277

 
$
2,145

 
$
5,987

 
$
20,409

 
$
1,768,416

 
$
1,788,825
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, 2015 and December 31, 2014, and based on the most recent analysis performed, the risk category of loans by class of loans are as follows:
 
 
September 30, 2015
(Dollar amounts in thousands)
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Not Rated
 
Total
Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
408,039

 
$
28,331

 
$
31,171

 
$
1,295

 
$
6,607

 
$
475,443

Farmland
 
90,255

 
7,354

 
4,825

 
—

 
16

 
102,450

Non Farm, Non Residential
 
184,252

 
8,191

 
19,380

 
36

 
—

 
211,859

Agriculture
 
111,296

 
9,804

 
8,790

 
27

 
166

 
130,083

All Other Commercial
 
105,584

 
2,691

 
11,193

 
101

 
1,273

 
120,842

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
98,630

 
4,591

 
8,633

 
718

 
189,034

 
301,606

Home Equity
 
11,097

 
453

 
1,348

 
11

 
25,247

 
38,156

Junior Liens
 
7,578

 
119

 
482

 
59

 
22,862

 
31,100

Multifamily
 
69,077

 
1,616

 
1,026

 
—

 
25

 
71,744

All Other Residential
 
902

 
—

 
25

 
—

 
7,892

 
8,819

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
10,555

 
498

 
508

 
—

 
238,435

 
249,996

All Other Consumer
 
3,181

 
89

 
121

 
15

 
18,833

 
22,239

TOTAL
 
$
1,100,446

 
$
63,737

 
$
87,502

 
$
2,262

 
$
510,390

 
$
1,764,337

 
 
December 31, 2014
(Dollar amounts in thousands)
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Not Rated
 
Total
Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
393,449

 
$
29,081

 
$
24,013

 
$
2,900

 
$
4,717

 
$
454,160

Farmland
 
85,772

 
7,618

 
436

 
—

 
13

 
93,839

Non Farm, Non Residential
 
186,346

 
21,765

 
25,613

 
36

 
—

 
233,760

Agriculture
 
138,713

 
7,399

 
1,746

 
177

 
67

 
148,102

All Other Commercial
 
101,942

 
4,356

 
7,055

 
33

 
1,275

 
114,661

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
104,854

 
5,929

 
7,733

 
1,035

 
196,008

 
315,559

Home Equity
 
12,592

 
375

 
1,374

 
6

 
26,116

 
40,463

Junior Liens
 
8,112

 
173

 
561

 
63

 
23,053

 
31,962

Multifamily
 
69,080

 
1,801

 
1,249

 
—

 
3

 
72,133

All Other Residential
 
1,799

 
—

 
28

 
—

 
7,228

 
9,055

Consumer
 


 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
11,135

 
402

 
224

 
—

 
233,302

 
245,063

All Other Consumer
 
3,169

 
141

 
87

 
21

 
18,175

 
21,593

TOTAL
 
$
1,116,963

 
$
79,040

 
$
70,119

 
$
4,271

 
$
509,957

 
$
1,780,350