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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

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


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