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Allowance for Loan Losses
9 Months Ended
Sep. 30, 2011
Allowance for Loan Losses 
Allowance for Loan Losses

2. Allowance for Loan Losses

 

The activity in the Corporation’s allowance for loan losses for the nine months ended September 30 is shown in the following analysis:

 

 

 

September 30,

 

(Dollar amounts in thousands)

 

2011

 

2010

 

Balance at beginning of period

 

$

22,336

 

$

19,437

 

Provision for loan losses *

 

4,065

 

7,010

 

Recoveries of loans previously charged off

 

1,638

 

3,681

 

Loans charged off

 

(5,911

)

(10,154

)

Balance at end of period

 

$

22,128

 

$

19,974

 

 

 

* Provision before decrease of $171 thousand in 2011 for increase in FDIC indemnification asset

 

The following table presents the activity of the allowance for loan losses by portfolio segment for the three months

ended September 30, 2011.

 

Allowance for Loan Losses:

 

 

 

September 30,

 

(Dollar amounts in thousands)

 

Commercial

 

Residential

 

Consumer

 

Unallocated

 

Total

 

Beginning balance

 

$

12,886

 

$

3,564

 

$

3,978

 

$

1,197

 

$

21,625

 

Provision for loan losses*

 

(422

)

727

 

545

 

785

 

1,635

 

Loans charged -off

 

(536

)

(325

)

(802

)

—

 

(1,663

)

Recoveries

 

310

 

—

 

221

 

—

 

531

 

Ending Balance

 

$

12,238

 

$

3,966

 

$

3,942

 

$

1,982

 

$

22,128

 

 

 

* Provision before decrease of $275 thousand in 2011 for increase 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, 2011.

 

Allowance for Loan Losses:

 

 

 

September 30,

 

(Dollar amounts in thousands)

 

Commercial

 

Residential

 

Consumer

 

Unallocated

 

Total

 

Beginning balance

 

$

12,809

 

$

2,873

 

$

4,551

 

$

2,103

 

$

22,336

 

Provision for loan losses*

 

1,587

 

2,021

 

578

 

(121

)

4,065

 

Loans charged -off

 

(2,903

)

(1,015

)

(1,993

)

—

 

(5,911

)

Recoveries

 

745

 

87

 

806

 

—

 

1,638

 

Ending Balance

 

$

12,238

 

$

3,966

 

$

3,942

 

$

1,982

 

$

22,128

 

 

 

* Provision before decrease of $171 thousand in 2011 for increase in FDIC indemnification asset

 

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, 2011 and December 31, 2010.

 

Ending Balance Attributable to Loans:

 

 

 

September 30, 2011

 

(Dollar amounts in thousands)

 

Commercial

 

Residential

 

Consumer

 

Unallocated

 

Total

 

Individually evaluated for impairment

 

$

4,838

 

$

1,422

 

$

—

 

$

—

 

$

6,260

 

Collectively evaluated for impairment

 

6,675

 

2,178

 

3,942

 

1,982

 

14,777

 

Acquired with deteriorated credit quality

 

725

 

366

 

—

 

—

 

1,091

 

Ending Balance

 

$

12,238

 

$

3,966

 

$

3,942

 

$

1,982

 

$

22,128

 

 

Loans:

 

 

 

September 30, 2011

 

(Dollar amounts in thousands)

 

Commercial

 

Residential

 

Consumer

 

 

 

Total

 

Individually evaluated for impairment

 

$

28,064

 

$

3,764

 

$

—

 

 

 

$

31,828

 

Collectively evaluated for impairment

 

896,416

 

437,723

 

293,462

 

 

 

1,627,601

 

Acquired with deteriorated credit quality

 

6,257

 

1,070

 

12

 

 

 

7,339

 

Ending Balance

 

$

930,737

 

$

442,557

 

$

293,474

 

 

 

$

1,666,768

 

 

Ending Balance Attributable to Loans:

 

 

 

December 31, 2010

 

(Dollar amounts in thousands)

 

Commercial

 

Residential

 

Consumer

 

Unallocated

 

Total

 

Individually evaluated for impairment

 

$

3,893

 

$

625

 

$

—

 

$

—

 

$

4,518

 

Collectively evaluated for impairment

 

7,788

 

1,897

 

4,551

 

2,103

 

16,339

 

Acquired with deteriorated credit quality

 

1,128

 

351

 

—

 

—

 

1,479

 

Ending Balance

 

$

12,809

 

$

2,873

 

$

4,551

 

$

2,103

 

$

22,336

 

 

Loans

 

 

 

December 31, 2010

 

(Dollar amounts in thousands)

 

Commercial

 

Residential

 

Consumer

 

 

 

Total

 

Individually evaluated for impairment

 

$

27,717

 

$

2,770

 

$

—

 

 

 

$

30,487

 

Collectively evaluated for impairment

 

863,790

 

435,231

 

308,903

 

 

 

1,607,924

 

Acquired with deteriorated credit quality

 

9,938

 

1,113

 

15

 

 

 

11,066

 

Ending Balance

 

$

901,445

 

$

439,114

 

$

308,918

 

 

 

$

1,649,477

 

 

A loan is considered to be impaired when, based upon current information and events, it is probable that the Corporation will be unable to collect all amounts due according to the contractual terms of the loan. Large groups of smaller balance homogeneous loans, such as consumer, residential real estate and smaller commercial loans are collectively evaluated for impairment and, accordingly, they are not separately identified for impairment disclosures. Also included in impaired loans are loans acquired in the First National Bank of Danville acquisition. See Note 9 for further discussion of these loans. Impairment is primarily measured based on the fair value of the loan’s collateral. The following table summarizes impaired loan information:

 

 

 

September 30,

 

December 31,

 

(Dollar amounts in thousands)

 

2011

 

2010

 

Loans with no allocated allowance for loan losses

 

$

1,975

 

$

11,890

 

Loans with allocated allowance for loan losses

 

35,132

 

25,629

 

TOTAL

 

$

37,107

 

$

37,519

 

 

Interest payments on impaired loans are typically applied to principal unless collection of the principal amount is deemed to be fully assured, in which case interest is recognized on a cash basis.

 

The following tables present loans individually evaluated for impairment by class of loans.

 

 

 

September 30, 2011

 

 

 

 

 

 

 

Allowance

 

 

 

Unpaid

 

 

 

for Loan

 

 

 

Principal

 

Recorded

 

Losses

 

(Dollar amounts in thousands)

 

Balance

 

Investment

 

Allocated

 

With no related allowance recorded:

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

Commercial & Industrial

 

$

—

 

$

—

 

$

—

 

Farmland

 

—

 

—

 

—

 

Non Farm, Non Residential

 

1,975

 

1,975

 

—

 

Agriculture

 

—

 

—

 

—

 

All Other Commercial

 

—

 

—

 

—

 

Residential

 

 

 

 

 

 

 

First Liens

 

—

 

—

 

—

 

Home Equity

 

—

 

—

 

—

 

Junior Liens

 

—

 

—

 

—

 

Multifamily

 

—

 

—

 

—

 

All Other Residential

 

—

 

—

 

—

 

Consumer

 

 

 

 

 

 

 

Motor Vehicle

 

—

 

—

 

—

 

All Other Consumer

 

—

 

—

 

—

 

With an allowance recorded:

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

Commercial & Industrial

 

18,283

 

18,280

 

2,153

 

Farmland

 

891

 

908

 

—

 

Non Farm, Non Residential

 

9,704

 

9,704

 

3,257

 

Agriculture

 

—

 

—

 

—

 

All Other Commercial

 

1,614

 

1,614

 

82

 

Residential

 

 

 

 

 

 

 

First Liens

 

3,123

 

3,126

 

1,097

 

Home Equity

 

—

 

—

 

—

 

Junior Liens

 

879

 

879

 

363

 

Multifamily

 

638

 

638

 

325

 

All Other Residential

 

—

 

—

 

—

 

Consumer

 

 

 

 

 

 

 

Motor Vehicle

 

—

 

—

 

—

 

All Other Consumer

 

—

 

—

 

—

 

TOTAL

 

$

37,107

 

$

37,124

 

$

7,277

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30, 2011

 

September 30, 2011

 

 

 

Average

 

Interest

 

Cash Basis

 

Average

 

Interest

 

Cash Basis

 

 

 

Recorded

 

Income

 

Interest Income

 

Recorded

 

Income

 

Interest Income

 

(Dollar amounts in thousands)

 

Investment

 

Recognized

 

Recognized

 

Investment

 

Recognized

 

Recognized

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & Industrial

 

$

—

 

$

—

 

$

—

 

$

2,411

 

$

—

 

$

—

 

Farmland

 

—

 

—

 

—

 

—

 

—

 

—

 

Non Farm, Non Residential

 

2,877

 

—

 

—

 

2,967

 

—

 

—

 

Agriculture

 

—

 

—

 

—

 

—

 

—

 

—

 

All Other Commercial

 

—

 

—

 

—

 

—

 

—

 

—

 

Residential

 

 

 

 

 

 

 

 

 

 

 

 

 

First Liens

 

—

 

—

 

—

 

—

 

—

 

—

 

Home Equity

 

—

 

—

 

—

 

—

 

—

 

—

 

Junior Liens

 

—

 

—

 

—

 

—

 

—

 

—

 

Multifamily

 

—

 

—

 

—

 

—

 

—

 

—

 

All Other Residential

 

—

 

—

 

—

 

—

 

—

 

—

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

Motor Vehicle

 

—

 

—

 

—

 

—

 

—

 

—

 

All Other Consumer

 

—

 

—

 

—

 

—

 

—

 

—

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & Industrial

 

18,108

 

76

 

—

 

16,466

 

310

 

1

 

Farmland

 

454

 

—

 

—

 

227

 

—

 

—

 

Non Farm, Non Residential

 

9,395

 

—

 

—

 

9,692

 

—

 

—

 

Agriculture

 

—

 

—

 

—

 

—

 

—

 

—

 

All Other Commercial

 

1,703

 

—

 

—

 

1,710

 

—

 

—

 

Residential

 

 

 

 

 

 

 

 

 

 

 

 

 

First Liens

 

2,518

 

—

 

—

 

2,214

 

—

 

—

 

Home Equity

 

—

 

—

 

—

 

—

 

—

 

—

 

Junior Liens

 

887

 

—

 

—

 

952

 

—

 

—

 

Multifamily

 

638

 

—

 

—

 

638

 

—

 

—

 

All Other Residential

 

—

 

—

 

—

 

—

 

—

 

—

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

Motor Vehicle

 

—

 

—

 

—

 

—

 

—

 

—

 

All Other Consumer

 

—

 

—

 

—

 

—

 

—

 

—

 

TOTAL

 

$

36,580

 

$

76

 

$

—

 

$

37,277

 

$

310

 

$

1

 

 

 

 

December 31, 2010

 

 

 

 

 

 

 

Allowance

 

 

 

Unpaid

 

 

 

for Loan

 

 

 

Principal

 

Recorded

 

Losses

 

(Dollar amounts in thousands)

 

Balance

 

Investment

 

Allocated

 

With no related allowance recorded:

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

Commercial & Industrial

 

$

8,935

 

$

8,993

 

$

—

 

Farmland

 

—

 

—

 

—

 

Non Farm, Non Residential

 

2,955

 

2,955

 

—

 

Agriculture

 

—

 

—

 

—

 

All Other Commercial

 

—

 

—

 

—

 

Residential

 

 

 

 

 

 

 

First Liens

 

—

 

—

 

—

 

Home Equity

 

—

 

—

 

—

 

Junior Liens

 

—

 

—

 

—

 

Multifamily

 

—

 

—

 

—

 

All Other Residential

 

—

 

—

 

—

 

Consumer

 

 

 

 

 

 

 

Motor Vehicle

 

—

 

—

 

—

 

All Other Consumer

 

—

 

—

 

—

 

With an allowance recorded:

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

Commercial & Industrial

 

10,933

 

10,996

 

1,508

 

Farmland

 

—

 

—

 

—

 

Non Farm, Non Residential

 

9,442

 

9,442

 

3,255

 

Agriculture

 

—

 

—

 

—

 

All Other Commercial

 

1,577

 

1,577

 

128

 

Residential

 

 

 

 

 

 

 

First Liens

 

1,910

 

1,910

 

533

 

Home Equity

 

—

 

—

 

—

 

Junior Liens

 

1,129

 

1,129

 

443

 

Multifamily

 

638

 

638

 

—

 

All Other Residential

 

—

 

—

 

—

 

Consumer

 

 

 

 

 

 

 

Motor Vehicle

 

—

 

—

 

—

 

All Other Consumer

 

—

 

—

 

—

 

TOTAL

 

$

37,519

 

$

37,640

 

$

5,867

 

 

The table below presents non-performing loans.

 

 

 

September 30, 2011

 

 

 

Loans Past

 

 

 

 

 

 

 

Due Over

 

 

 

 

 

 

 

90 Day Still

 

 

 

 

 

(Dollar amounts in thousands)

 

Accruing

 

Restructured

 

Nonaccrual

 

Commercial

 

 

 

 

 

 

 

Commercial & Industrial

 

$

574

 

$

12,814

 

$

15,635

 

Farmland

 

725

 

—

 

89

 

Non Farm, Non Residential

 

455

 

—

 

13,189

 

Agriculture

 

27

 

—

 

238

 

All Other Commercial

 

115

 

—

 

1,744

 

Residential

 

 

 

 

 

 

 

First Liens

 

829

 

3,311

 

7,199

 

Home Equity

 

9

 

—

 

—

 

Junior Liens

 

123

 

898

 

1,052

 

Multifamily

 

—

 

—

 

1,056

 

All Other Residential

 

—

 

43

 

136

 

Consumer

 

 

 

 

 

 

 

Motor Vehicle

 

148

 

—

 

202

 

All Other Consumer

 

10

 

—

 

1,629

 

TOTAL

 

$

3,015

 

$

17,066

 

$

42,169

 

 

 

 

December 31, 2010

 

 

 

Loans Past

 

 

 

 

 

 

 

Due Over

 

 

 

 

 

 

 

90 Day Still

 

 

 

 

 

(Dollar amounts in thousands)

 

Accruing

 

Restructured

 

Nonaccrual

 

Commercial

 

 

 

 

 

 

 

Commercial & Industrial

 

$

1,462

 

$

13,671

 

$

11,677

 

Farmland

 

—

 

—

 

68

 

Non Farm, Non Residential

 

506

 

—

 

13,808

 

Agriculture

 

—

 

—

 

284

 

All Other Commercial

 

158

 

—

 

2,011

 

Residential

 

 

 

 

 

 

 

First Liens

 

971

 

2,605

 

6,141

 

Home Equity

 

45

 

—

 

—

 

Junior Liens

 

66

 

928

 

1,454

 

Multifamily

 

—

 

—

 

990

 

All Other Residential

 

—

 

—

 

150

 

Consumer

 

 

 

 

 

 

 

Motor Vehicle

 

91

 

—

 

259

 

All Other Consumer

 

4

 

—

 

1,675

 

TOTAL

 

$

3,303

 

$

17,204

 

$

38,517

 

 

Covered loans included in loans past due over 90 days still on accrual are $396 thousand at September 30, 2011 and $377 thousand at December 31, 2010. Covered loans included in non-accrual loans are $6.7 million at September 30, 2011 and $8.7 million at December 31, 2010. Covered loans of $5.3 million at September 30, 2011 and $7.2 million at December 31, 2010 are deemed impaired and have allowance for loan loss allocated to them of $1.0 million and $1.3 million, respectively for September 30, 2011 and December 31, 2010. Non-performing loans include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans.

 

The following table presents the aging of the recorded investment in loans by past due category and class of loans.

 

 

 

September 30, 2011

 

 

 

 

 

 

 

Greater

 

 

 

 

 

 

 

 

 

30-59 Days

 

60-89 Days

 

than 90 days

 

Total

 

 

 

 

 

(Dollar amounts in thousands)

 

Past Due

 

Past Due

 

Past Due

 

Past Due

 

Current

 

Total

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & Industrial

 

$

2,017

 

$

337

 

$

4,572

 

$

6,926

 

$

417,317

 

$

424,243

 

Farmland

 

6

 

835

 

794

 

1,635

 

75,970

 

77,605

 

Non Farm, Non Residential

 

3,181

 

1,159

 

8,865

 

13,205

 

234,795

 

248,000

 

Agriculture

 

87

 

48

 

130

 

265

 

96,343

 

96,608

 

All Other Commercial

 

18

 

61

 

196

 

275

 

84,006

 

84,281

 

Residential

 

 

 

 

 

 

 

 

 

 

 

 

 

First Liens

 

2,042

 

1,049

 

4,630

 

7,721

 

322,438

 

330,159

 

Home Equity

 

67

 

24

 

9

 

100

 

35,107

 

35,207

 

Junior Liens

 

229

 

112

 

140

 

481

 

32,180

 

32,661

 

Multifamily

 

71

 

—

 

1,056

 

1,127

 

30,696

 

31,823

 

All Other Residential

 

—

 

—

 

—

 

—

 

12,707

 

12,707

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

Motor Vehicle

 

2,945

 

399

 

161

 

3,505

 

265,593

 

269,098

 

All Other Consumer

 

141

 

31

 

26

 

198

 

24,178

 

24,376

 

TOTAL

 

$

10,804

 

$

4,055

 

$

20,579

 

$

35,438

 

$

1,631,330

 

$

1,666,768

 

 

 

 

December 31, 2010

 

 

 

 

 

 

 

Greater

 

 

 

 

 

 

 

 

 

30-59 Days

 

60-89 Days

 

than 90 days

 

Total

 

 

 

 

 

(Dollar amounts in thousands)

 

Past Due

 

Past Due

 

Past Due

 

Past Due

 

Current

 

Total

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & Industrial

 

$

2,619

 

$

882

 

$

3,868

 

$

7,369

 

$

405,319

 

$

412,688

 

Farmland

 

63

 

198

 

—

 

261

 

71,672

 

71,933

 

Non Farm, Non Residential

 

761

 

1,763

 

4,366

 

6,890

 

260,685

 

267,575

 

Agriculture

 

55

 

—

 

284

 

339

 

85,275

 

85,614

 

All Other Commercial

 

—

 

135

 

283

 

418

 

63,217

 

63,635

 

Residential

 

 

 

 

 

 

 

 

 

 

 

 

 

First Liens

 

5,405

 

1,649

 

3,793

 

10,847

 

310,722

 

321,569

 

Home Equity

 

78

 

11

 

45

 

134

 

38,638

 

38,772

 

Junior Liens

 

287

 

165

 

175

 

627

 

33,394

 

34,021

 

Multifamily

 

706

 

—

 

352

 

1,058

 

32,605

 

33,663

 

All Other Residential

 

144

 

—

 

—

 

144

 

10,945

 

11,089

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

Motor Vehicle

 

2,994

 

378

 

91

 

3,463

 

279,029

 

282,492

 

All Other Consumer

 

138

 

23

 

6

 

167

 

26,259

 

26,426

 

TOTAL

 

$

13,250

 

$

5,204

 

$

13,263

 

$

31,717

 

$

1,617,760

 

$

1,649,477

 

 

The Corporation has allocated $1.1 million and $657 thousand of specific reserves to customers whose loan terms have been modified in troubled debt restructurings as of September 30, 2011 and December 31, 2010.  The Corporation has not committed to lend additional amounts as of September 30, 2011 and December 31, 2010 to customers with outstanding loans that are classified as troubled debt restructurings.

 

The Corporation has had one residential loan with a recorded investment of $15 thousand that was modified as a troubled debt restructuring that was charged off during 2011. There have been two commercial loans for $200 thousand and four residential loans for $288 thousand added to restructured loans during the nine months ended September 30, 2011. There are three modified residential loans for $51 thousand that are 90 days past due. None of these loans have had a material impact on the allowance for loan losses.

 

Credit Quality Indicators:

 

The Corporation 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 Corporation analyzes loans individually by classifying the loans as to credit risk.  This analysis includes non-homogeneous loans, such as commercial loans, with an outstanding balance greater than $50 thousand.  Any consumer loans outstanding to a borrower who had commercial loans analyzed will be similarly risk rated.  This analysis is performed on a quarterly basis.  The Corporation 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 debt service capacity of the borrower or of any pledged collateral.  These loans have a well-defined weakness or weaknesses which have clearly jeopardized repayment of principal and interest as originally intended.  They are characterized by the distinct possibility that the institution will sustain some future loss if the deficiencies are not corrected.

 

Doubtful:  Loans classified as doubtful have all the weaknesses inherent in those graded substandard, with the added characteristic that the severity of the weaknesses makes collection or liquidation in full highly questionable or improbable based upon currently existing facts, conditions, and values.

 

Furthermore, non-homogeneous loans which were not individually analyzed, but are 90+ days past due or on non-accrual are classified as substandard.  Loans included in homogeneous pools, such as residential or consumer may be classified as substandard due to 90+ days delinquency, non-accrual status, bankruptcy, or loan restructuring.

 

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 $50 thousand or are included in groups of homogeneous loans and are evaluated based on past due status. As of September 30, 2011 and December 31, 2010, and based on the most recent analysis performed, the risk category of loans by class of loans are as follows:

 

 

 

September 30, 2011

 

 

 

 

 

Special

 

 

 

 

 

 

 

 

 

(Dollar amounts in thousands)

 

Pass

 

Mention

 

Substandard

 

Doubtful

 

Not Rated

 

Total

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & Industrial

 

$

337,270

 

$

18,345

 

$

55,121

 

$

2,302

 

$

10,056

 

$

423,094

 

Farmland

 

72,362

 

260

 

3,098

 

69

 

146

 

75,935

 

Non Farm, Non Residential

 

190,147

 

26,175

 

27,049

 

2,019

 

1,900

 

247,290

 

Agriculture

 

92,818

 

1,088

 

794

 

80

 

261

 

95,041

 

All Other Commercial

 

79,572

 

457

 

3,010

 

174

 

692

 

83,905

 

Residential

 

 

 

 

 

 

 

 

 

 

 

 

 

First Liens

 

93,588

 

10,581

 

9,625

 

2,523

 

212,635

 

328,952

 

Home Equity

 

8,755

 

483

 

467

 

20

 

25,458

 

35,183

 

Junior Liens

 

5,016

 

476

 

376

 

968

 

25,712

 

32,548

 

Multifamily

 

28,491

 

815

 

1,384

 

994

 

81

 

31,765

 

All Other Residential

 

2,415

 

—

 

—

 

—

 

10,250

 

12,665

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

Motor Vehicle

 

12,143

 

408

 

490

 

42

 

254,850

 

267,933

 

All Other Consumer

 

3,287

 

41

 

127

 

13

 

20,748

 

24,216

 

TOTAL

 

$

925,864

 

$

59,129

 

$

101,541

 

$

9,204

 

$

562,789

 

$

1,658,527

 

 

 

 

December 31, 2010

 

 

 

 

 

Special

 

 

 

 

 

 

 

 

 

(Dollar amounts in thousands)

 

Pass

 

Mention

 

Substandard

 

Doubtful

 

Not Rated

 

Total

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & Industrial

 

$

311,258

 

$

26,956

 

$

63,334

 

$

2,910

 

$

6,977

 

$

411,435

 

Farmland

 

66,920

 

1,535

 

1,691

 

68

 

109

 

70,323

 

Non Farm, Non Residential

 

208,847

 

29,399

 

24,579

 

3,364

 

544

 

266,733

 

Agriculture

 

82,275

 

602

 

1,008

 

284

 

154

 

84,323

 

All Other Commercial

 

52,704

 

6,188

 

2,799

 

468

 

1,134

 

63,293

 

Residential

 

 

 

 

 

 

 

 

 

 

 

 

 

First Liens

 

93,887

 

6,201

 

7,495

 

2,944

 

209,804

 

320,331

 

Home Equity

 

8,641

 

4,447

 

427

 

23

 

25,200

 

38,738

 

Junior Liens

 

4,796

 

107

 

1,733

 

167

 

27,090

 

33,893

 

Multifamily

 

22,678

 

8,516

 

1,255

 

990

 

127

 

33,566

 

All Other Residential

 

1,349

 

—

 

26

 

—

 

9,673

 

11,048

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

Motor Vehicle

 

12,902

 

331

 

492

 

29

 

267,424

 

281,178

 

All Other Consumer

 

3,945

 

64

 

174

 

42

 

22,000

 

26,225

 

TOTAL

 

$

870,202

 

$

84,346

 

$

105,013

 

$

11,289

 

$

570,236

 

$

1,641,086