Loans (Tables)
|
6 Months Ended |
Jun. 30, 2016 |
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] |
|
Schedule of classes of loan portfolio summarized by the aggregate risk rating |
The following table presents the classes of the loan portfolio summarized by the aggregate pass rating and the classified ratings of special mention, substandard, and doubtful within the Corporation’s internal risk rating system as of June 30, 2016, and December 31, 2015: | | | | | | | | | | | | | | | | | | | | | | In thousands | | Pass | | Special Mention | | Substandard | | Doubtful | | Total | JUNE 30, 2016 | | |
| | |
| | |
| | |
| | |
| Commercial and industrial | | $ | 115,954 |
| | $ | 3,939 |
| | $ | 2,074 |
| | $ | — |
| | $ | 121,967 |
| Commercial real estate | | 271,956 |
| | 21,812 |
| | 11,368 |
| | — |
| | 305,136 |
| Commercial real estate construction | | 9,144 |
| | 1,661 |
| | 299 |
| | — |
| | 11,104 |
| Residential mortgage | | 343,833 |
| | 5,219 |
| | 895 |
| | — |
| | 349,947 |
| Home equity lines of credit | | 63,061 |
| | 988 |
| | 128 |
| | — |
| | 64,177 |
| Consumer | | 14,501 |
| | — |
| | — |
| | — |
| | 14,501 |
| | | $ | 818,449 |
| | $ | 33,619 |
| | $ | 14,764 |
| | $ | — |
| | $ | 866,832 |
| | | | | | | | | | | | DECEMBER 31, 2015 | | |
| | |
| | |
| | |
| | |
| Commercial and industrial | | $ | 112,037 |
| | $ | 3,744 |
| | $ | 1,911 |
| | $ | — |
| | $ | 117,692 |
| Commercial real estate | | 252,071 |
| | 23,421 |
| | 14,407 |
| | — |
| | 289,899 |
| Commercial real estate construction | | 11,087 |
| | 1,968 |
| | 374 |
| | — |
| | 13,429 |
| Residential mortgage | | 350,537 |
| | 5,548 |
| | 1,143 |
| | — |
| | 357,228 |
| Home equity lines of credit | | 58,856 |
| | 1,138 |
| | 130 |
| | — |
| | 60,124 |
| Consumer | | 14,588 |
| | — |
| | — |
| | — |
| | 14,588 |
| | | $ | 799,176 |
| | $ | 35,819 |
| | $ | 17,965 |
| | $ | — |
| | $ | 852,960 |
|
|
Summary of information relative to impaired loans by loan portfolio class |
The following table summarizes information relative to impaired loans by loan portfolio class as of June 30, 2016, and December 31, 2015: | | | | | | | | | | | | | | | | | | | | | | | | Impaired Loans with Allowance | | Impaired Loans with No Allowance | In thousands | | Recorded Investment | | Unpaid Principal Balance | | Related Allowance | | Recorded Investment | | Unpaid Principal Balance | JUNE 30, 2016 | | |
| | |
| | |
| | |
| | |
| Commercial and industrial | | $ | — |
| | $ | — |
| | $ | — |
| | $ | 1,473 |
| | $ | 1,473 |
| Commercial real estate | | — |
| | — |
| | — |
| | 8,270 |
| | 8,469 |
| Commercial real estate construction | | — |
| | — |
| | — |
| | 300 |
| | 300 |
| Residential mortgage | | 372 |
| | 372 |
| | 164 |
| | 446 |
| | 446 |
| | | $ | 372 |
| | $ | 372 |
| | $ | 164 |
| | $ | 10,489 |
| | $ | 10,688 |
| | | | | | | | | | | | DECEMBER 31, 2015 | | |
| | |
| | |
| | |
| | |
| Commercial and industrial | | $ | — |
| | $ | — |
| | $ | — |
| | $ | 1,471 |
| | $ | 1,471 |
| Commercial real estate | | — |
| | — |
| | — |
| | 8,185 |
| | 8,396 |
| Commercial real estate construction | | — |
| | — |
| | — |
| | 374 |
| | 648 |
| Residential mortgage | | — |
| | — |
| | — |
| | 461 |
| | 461 |
| | | $ | — |
| | $ | — |
| | $ | — |
| | $ | 10,491 |
| | $ | 10,976 |
|
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Summary of information in regards to the average of impaired loans and related income by loan portfolio class |
The following table summarizes information in regards to the average of impaired loans and related interest income by loan portfolio class for the three months ended June 30, 2016 and 2015: | | | | | | | | | | | | | | | | | | | | Impaired Loans with Allowance | | Impaired Loans with No Allowance | In thousands | | Average Recorded Investment | | Interest Income | | Average Recorded Investment | | Interest Income | JUNE 30, 2016 | | |
| | |
| | |
| | |
| Commercial and industrial | | $ | — |
| | $ | — |
| | $ | 1,440 |
| | $ | — |
| Commercial real estate | | — |
| | — |
| | 8,446 |
| | 105 |
| Commercial real estate construction | | — |
| | — |
| | 337 |
| | — |
| Residential mortgage | | 186 |
| | — |
| | 448 |
| | 4 |
| | | $ | 186 |
| | $ | — |
| | $ | 10,671 |
| | $ | 109 |
| | | | | | | | | | JUNE 30, 2015 | | |
| | |
| | |
| | |
| Commercial and industrial | | $ | — |
| | $ | — |
| | $ | 1,620 |
| | $ | 129 |
| Commercial real estate | | — |
| | — |
| | 9,424 |
| | 214 |
| Commercial real estate construction | | — |
| | — |
| | 261 |
| | — |
| Residential mortgage | | 347 |
| | — |
| | 312 |
| | — |
| | | $ | 347 |
| | $ | — |
| | $ | 11,617 |
| | $ | 343 |
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The following table summarizes information in regards to the average of impaired loans and related interest income by loan portfolio class for the six months ended June 30, 2016 and 2015: | | | | | | | | | | | | | | | | | | | | Impaired Loans with Allowance | | Impaired Loans with No Allowance | In thousands | | Average Recorded Investment | | Interest Income | | Average Recorded Investment | | Interest Income | JUNE 30, 2016 | | |
| | |
| | |
| | |
| Commercial and industrial | | $ | — |
| | $ | — |
| | $ | 1,451 |
| | $ | — |
| Commercial real estate | | — |
| | — |
| | 8,359 |
| | 223 |
| Commercial real estate construction | | — |
| | — |
| | 349 |
| | — |
| Residential mortgage | | 124 |
| | — |
| | 452 |
| | 9 |
| | | $ | 124 |
| | $ | — |
| | $ | 10,611 |
| | $ | 232 |
| | | | | | | | | | JUNE 30, 2015 | | |
| | |
| | |
| | |
| Commercial and industrial | | $ | — |
| | $ | — |
| | $ | 1,657 |
| | $ | 129 |
| Commercial real estate | | — |
| | — |
| | 9,615 |
| | 271 |
| Commercial real estate construction | | — |
| | — |
| | 297 |
| | — |
| Residential mortgage | | 463 |
| | — |
| | 483 |
| | 5 |
| | | $ | 463 |
| | $ | — |
| | $ | 12,052 |
| | $ | 405 |
|
|
Schedule of nonaccrual loans by loan portfolio class |
The following table presents nonaccrual loans by loan portfolio class as of June 30, 2016, and December 31, 2015:
| | | | | | | | | | In thousands | | June 30, 2016 | | December 31, 2015 | Commercial and industrial | | $ | 1,473 |
| | $ | 1,471 |
| Commercial real estate | | 1,844 |
| | 1,676 |
| Commercial real estate construction | | 300 |
| | 374 |
| Residential mortgage | | 541 |
| | 178 |
| | | $ | 4,158 |
| | $ | 3,699 |
|
|
Summary of information relative to trouble debt restructurings by loan portfolio class |
The following table summarizes information relative to troubled debt restructurings by loan portfolio class as of June 30, 2016, and December 31, 2015: | | | | | | | | | | | | | | In thousands | | Pre-Modification Outstanding Recorded Investment | | Post-Modification Outstanding Recorded Investment | | Recorded Investment at Period End | JUNE 30, 2016 | | |
| | |
| | |
| Nonaccruing troubled debt restructurings: | | |
| | |
| | |
| Commercial real estate | | $ | 1,021 |
| | $ | 1,021 |
| | $ | 417 |
| Commercial real estate construction | | 1,548 |
| | 1,541 |
| | — |
| Total nonaccruing troubled debt restructurings | | 2,569 |
| | 2,562 |
| | 417 |
| Accruing troubled debt restructurings: | | |
| | |
| | |
| Commercial real estate | | 7,118 |
| | 7,170 |
| | 6,426 |
| Residential mortgage | | 336 |
| | 336 |
| | 277 |
| Total accruing troubled debt restructurings | | 7,454 |
| | 7,506 |
| | 6,703 |
| Total Troubled Debt Restructurings | | $ | 10,023 |
| | $ | 10,068 |
| | $ | 7,120 |
| | | | | | | | DECEMBER 31, 2015 | | |
| | |
| | |
| Nonaccruing troubled debt restructurings: | | |
| | |
| | |
| Commercial real estate | | $ | 1,021 |
| | $ | 1,021 |
| | $ | 460 |
| Commercial real estate construction | | 1,548 |
| | 1,541 |
| | 74 |
| Total nonaccruing troubled debt restructurings | | 2,569 |
| | 2,562 |
| | 534 |
| Accruing troubled debt restructurings: | | | | | | | Commercial real estate | | 7,118 |
| | 7,170 |
| | 6,509 |
| Residential mortgage | | 336 |
| | 336 |
| | 283 |
| Total accruing troubled debt restructurings | | 7,454 |
| | 7,506 |
| | 6,792 |
| Total Troubled Debt Restructurings | | $ | 10,023 |
| | $ | 10,068 |
| | $ | 7,326 |
|
|
Schedule of classes of loan portfolio summarized by the past due status |
The following table presents the classes of the loan portfolio summarized by the past due status as of June 30, 2016, and December 31, 2015:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | In thousands | | 30-59 Days Past Due | | 60-89 Days Past Due | | >90 Days Past Due | | Total Past Due | | Current | | Total Loans Receivable | | Loans Receivable >90 Days and Accruing | JUNE 30, 2016 | | |
| | |
| | |
| | |
| | |
| | |
| | |
| Commercial and industrial | | $ | 12 |
| | $ | — |
| | $ | 1,258 |
| | $ | 1,270 |
| | $ | 120,697 |
| | $ | 121,967 |
| | $ | — |
| Commercial real estate | | — |
| | 593 |
| | 417 |
| | 1,010 |
| | 304,126 |
| | 305,136 |
| | — |
| Commercial real estate construction | | — |
| | — |
| | 300 |
| | 300 |
| | 10,804 |
| | 11,104 |
| | — |
| Residential mortgage | | 330 |
| | 905 |
| | 1,966 |
| | 3,201 |
| | 346,746 |
| | 349,947 |
| | 1,433 |
| Home equity lines of credit | | 134 |
| | 42 |
| | 201 |
| | 377 |
| | 63,800 |
| | 64,177 |
| | 201 |
| Consumer | | 43 |
| | 18 |
| | — |
| | 61 |
| | 14,440 |
| | 14,501 |
| | — |
| | | $ | 519 |
| | $ | 1,558 |
| | $ | 4,142 |
| | $ | 6,219 |
| | $ | 860,613 |
| | $ | 866,832 |
| | $ | 1,634 |
| | | | | | | | | | | | | | | | DECEMBER 31, 2015 | | |
| | |
| | |
| | |
| | |
| | |
| | |
| Commercial and industrial | | $ | 16 |
| | $ | 61 |
| | $ | 1,471 |
| | $ | 1,548 |
| | $ | 116,144 |
| | $ | 117,692 |
| | $ | — |
| Commercial real estate | | 77 |
| | 1,047 |
| | 743 |
| | 1,867 |
| | 288,032 |
| | 289,899 |
| | — |
| Commercial real estate construction | | — |
| | — |
| | 374 |
| | 374 |
| | 13,055 |
| | 13,429 |
| | — |
| Residential mortgage | | 1,686 |
| | 248 |
| | 2,082 |
| | 4,016 |
| | 353,212 |
| | 357,228 |
| | 1,904 |
| Home equity lines of credit | | 186 |
| | — |
| | 228 |
| | 414 |
| | 59,710 |
| | 60,124 |
| | 228 |
| Consumer | | 26 |
| | 26 |
| | — |
| | 52 |
| | 14,536 |
| | 14,588 |
| | — |
| | | $ | 1,991 |
| | $ | 1,382 |
| | $ | 4,898 |
| | $ | 8,271 |
| | $ | 844,689 |
| | $ | 852,960 |
| | $ | 2,132 |
|
|
Summary of allowance for loan losses and recorded investment in loans receivable |
The following tables summarize the allowance for loan losses and recorded investment in loans receivable: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | In thousands | | Commercial and Industrial | | Commercial Real Estate | | Commercial Real Estate Construction | | Residential Mortgage | | Home Equity Lines of Credit | | Consumer | | Unallocated | | Total | AS OF AND FOR THE PERIOD ENDED JUNE 30, 2016 | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Allowance for Loan Losses | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Beginning balance - April 1, 2016 | | $ | 2,693 |
| | $ | 5,565 |
| | $ | 114 |
| | $ | 3,291 |
| | $ | 617 |
| | $ | 1,050 |
| | $ | 1,210 |
| | $ | 14,540 |
| Charge-offs | | (26 | ) | | — |
| | — |
| | — |
| | — |
| | (9 | ) | | — |
| | (35 | ) | Recoveries | | 34 |
| | — |
| | 91 |
| | 3 |
| | — |
| | 3 |
| | — |
| | 131 |
| Provisions | | (144 | ) | | (132 | ) | | (71 | ) | | 17 |
| | (10 | ) | | (92 | ) | | 432 |
| | — |
| Ending balance - June 30, 2016 | | $ | 2,557 |
| | $ | 5,433 |
| | $ | 134 |
| | $ | 3,311 |
| | $ | 607 |
| | $ | 952 |
| | $ | 1,642 |
| | $ | 14,636 |
| | | | | | | | | | | | | | | | | | Beginning balance - January 1, 2016 | | $ | 2,508 |
| | $ | 5,216 |
| | $ | 112 |
| | $ | 3,349 |
| | $ | 619 |
| | $ | 1,083 |
| | $ | 1,860 |
| | $ | 14,747 |
| Charge-offs | | (90 | ) | | — |
| | (135 | ) | | (39 | ) | | (9 | ) | | (22 | ) | | — |
| | (295 | ) | Recoveries | | 39 |
| | — |
| | 132 |
| | 6 |
| | — |
| | 7 |
| | — |
| | 184 |
| Provisions | | 100 |
| | 217 |
| | 25 |
| | (5 | ) | | (3 | ) | | (116 | ) | | (218 | ) | | — |
| Ending balance - June 30, 2016 | | $ | 2,557 |
| | $ | 5,433 |
| | $ | 134 |
| | $ | 3,311 |
| | $ | 607 |
| | $ | 952 |
| | $ | 1,642 |
| | $ | 14,636 |
| Ending balance: individually evaluated for impairment | | $ | — |
| | $ | — |
| | $ | — |
| | $ | 164 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 164 |
| Ending balance: collectively evaluated for impairment | | $ | 2,557 |
| | $ | 5,433 |
| | $ | 134 |
| | $ | 3,147 |
| | $ | 607 |
| | $ | 952 |
| | $ | 1,642 |
| | $ | 14,472 |
| | | | | | | | | | | | | | | | | | Loans Receivable | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Ending balance | | $ | 121,967 |
| | $ | 305,136 |
| | $ | 11,104 |
| | $ | 349,947 |
| | $ | 64,177 |
| | $ | 14,501 |
| | $ | — |
| | $ | 866,832 |
| Ending balance: individually evaluated for impairment | | $ | 1,473 |
| | $ | 8,270 |
| | $ | 300 |
| | $ | 818 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 10,861 |
| Ending balance: collectively evaluated for impairment | | $ | 120,494 |
| | $ | 296,866 |
| | $ | 10,804 |
| | $ | 349,129 |
| | $ | 64,177 |
| | $ | 14,501 |
| | $ | — |
| | $ | 855,971 |
| | | | | | | | | | | | | | | | | | AS OF AND FOR THE PERIOD ENDED JUNE 30, 2015 | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Allowance for Loan Losses | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Beginning Balance - April 1, 2015 | | $ | 2,170 |
| | $ | 5,500 |
| | $ | 168 |
| | $ | 3,591 |
| | $ | 537 |
| | $ | 1,030 |
| | $ | 2,069 |
| | $ | 15,065 |
| Charge-offs | | (37 | ) | | — |
| | (39 | ) | | (428 | ) | | (15 | ) | | (26 | ) | | — |
| | (545 | ) | Recoveries | | 340 |
| | — |
| | — |
| | 2 |
| | — |
| | 3 |
| | — |
| | 345 |
| Provisions | | (209 | ) | | (346 | ) | | 26 |
| | 196 |
| | 50 |
| | 83 |
| | 200 |
| | — |
| Ending balance - June 30, 2015 | | $ | 2,264 |
| | $ | 5,154 |
| | $ | 155 |
| | $ | 3,361 |
| | $ | 572 |
| | $ | 1,090 |
| | $ | 2,269 |
| | $ | 14,865 |
| | | | | | | | | | | | | | | | | | Beginning Balance - January 1, 2015 | | $ | 2,048 |
| | $ | 5,872 |
| | $ | 194 |
| | $ | 3,845 |
| | $ | 557 |
| | $ | 1,050 |
| | $ | 1,606 |
| | $ | 15,172 |
| Charge-offs | | (73 | ) | | — |
| | (39 | ) | | (504 | ) | | (15 | ) | | (47 | ) | | — |
| | (678 | ) | Recoveries | | 363 |
| | — |
| | — |
| | 4 |
| | — |
| | 4 |
| | — |
| | 371 |
| Provisions | | (74 | ) | | (718 | ) | | — |
| | 16 |
| | 30 |
| | 83 |
| | 663 |
| | — |
| Ending balance - June 30, 2015 | | $ | 2,264 |
| | $ | 5,154 |
| | $ | 155 |
| | $ | 3,361 |
| | $ | 572 |
| | $ | 1,090 |
| | $ | 2,269 |
| | $ | 14,865 |
| Ending balance: individually evaluated for impairment | | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| Ending balance: collectively evaluated for impairment | | $ | 2,264 |
| | $ | 5,154 |
| | $ | 155 |
| | $ | 3,361 |
| | $ | 572 |
| | $ | 1,090 |
| | $ | 2,269 |
| | $ | 14,865 |
| | | | | | | | | | | | | | | | | | Loans Receivable | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Ending balance | | $ | 95,974 |
| | $ | 279,390 |
| | $ | 15,665 |
| | $ | 354,433 |
| | $ | 56,868 |
| | $ | 14,669 |
| | $ | — |
| | $ | 816,999 |
| Ending balance: individually evaluated for impairment | | $ | 1,582 |
| | $ | 8,964 |
| | $ | 194 |
| | $ | 310 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 11,050 |
| Ending balance: collectively evaluated for impairment | | $ | 94,392 |
| | $ | 270,426 |
| | $ | 15,471 |
| | $ | 354,123 |
| | $ | 56,868 |
| | $ | 14,669 |
| | $ | — |
| | $ | 805,949 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | In thousands | | Commercial and Industrial | | Commercial Real Estate | | Commercial Real Estate Construction | | Residential Mortgage | | Home Equity Lines of Credit | | Consumer | | Unallocated | | Total | AS OF DECEMBER 31, 2015 | | |
| | |
| | |
| | |
| | |
| | |
| | |
| Allowance for Loan Losses | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Ending balance | | $ | 2,508 |
| | $ | 5,216 |
| | $ | 112 |
| | $ | 3,349 |
| | $ | 619 |
| | $ | 1,083 |
| | $ | 1,860 |
| | $ | 14,747 |
| Ending balance: individually evaluated for impairment | | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| Ending balance: collectively evaluated for impairment | | $ | 2,508 |
| | $ | 5,216 |
| | $ | 112 |
| | $ | 3,349 |
| | $ | 619 |
| | $ | 1,083 |
| | $ | 1,860 |
| | $ | 14,747 |
| | | | | | | | | | | | | | | | | | Loans Receivable | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Ending balance | | $ | 117,692 |
| | $ | 289,899 |
| | $ | 13,429 |
| | $ | 357,228 |
| | $ | 60,124 |
| | $ | 14,588 |
| | $ | — |
| | $ | 852,960 |
| Ending balance: individually evaluated for impairment | | $ | 1,471 |
| | $ | 8,185 |
| | $ | 374 |
| | $ | 461 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 10,491 |
| Ending balance: collectively evaluated for impairment | | $ | 116,221 |
| | $ | 281,714 |
| | $ | 13,055 |
| | $ | 356,767 |
| | $ | 60,124 |
| | $ | 14,588 |
| | $ | — |
| | $ | 842,469 |
|
|