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Loans (Tables)
 6 Months Ended
Jun. 30, 2013
Loans Receivable, Net [Abstract]  
Summary Of Major Classifications For Loans
The following summarizes the Company’s major classifications for loans (in thousands):


June 30, 2013
 
December 31, 2012
Residential real estate
$
1,170,123

 
$
1,031,435

Home equity – junior liens
138,367

 
143,110

Commercial and industrial
138,299

 
108,739

Commercial real estate
1,023,311

 
821,970

Consumer
54,242

 
36,564

DDA overdrafts
3,103

 
4,551

Gross loans
2,527,445

 
2,146,369

Allowance for loan losses
(20,069
)
 
(18,809
)
Net loans
$
2,507,376

 
$
2,127,560
Composition Of Loans Acquired At Acquisition
The following table details the loans acquired in conjunction with the Virginia Savings and Community acquisitions (in thousands):
 
Virginia
 
 
 
 
 
Savings
 
Community
 
Total
June 30, 2013
 
 
 
 
 
Outstanding loan balance
$
57,294

 
$
330,214

 
$
387,508

 
 
 
 
 
 
Credit-impaired loans:
 
 
 
 
 
Carrying value
5,421

 
27,845

 
33,266

Contractual principal and interest
7,330

 
47,850

 
55,180

 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
Outstanding loan balance
$
65,219

 
$
—

 
$
65,219

 
 
 
 
 
 
Credit-impaired loans:
 
 
 
 
 
Carrying value
7,018

 
—

 
7,018

Contractual principal and interest
10,759

 
—

 
10,759
Activity For The Accretable Yield
Changes in the accretable yield for the six months ended June 30, 2013 is as follows (in thousands):

 
Virginia Savings
 
Community
 
Total
 
 
 
Carrying
 
 
 
Carrying
 
 
 
Carrying
 
Accretable
 
Amount
 
Accretable
 
Amount
 
Accretable
 
Amount
 
Yield
 
of Loans
 
Yield
 
of Loans
 
Yield
 
of Loans
Balance at the beginning of the period
$
1,823

 
$
7,018

 
$
—

 
$
—

 
$
1,823

 
$
7,018

Additions
—

 
—

 
5,587

 
31,703

 
5,587

 
31,703

Accretion
(746
)
 
746

 
(1,088
)
 
1,088

 
(1,834
)
 
1,834

Net reclassifications to accretable yield from
 
 
 
 
 
 
 
 
 
 
 
   non-accretable yield
889

 
—

 
—

 
—

 
889

 
—

Payments received, net
—

 
(2,341
)
 
—

 
(4,946
)
 
—

 
(7,287
)
Disposals
(554
)
 
(2
)
 
(20
)
 
—

 
(574
)
 
(2
)
Balance at the end of period
$
1,412

 
$
5,421

 
$
4,479

 
$
27,845

 
$
5,891

 
$
33,266
Reconciliation Of Contractual Required Principal And Interest Balance To The Carrying Amount Of Purchased Credit Impaired Loans
The following table presents the purchased credit-impaired loans acquired in conjunction with both acquisitions (in thousands):
 
Virginia
 
 
 
 
 
Savings
 
Community
 
Total
Contractually required principal and interest
$
11,567

 
$
58,014

 
$
69,581

Contractual cash flows not expected to be collected (non-accretable difference)
(3,973
)
 
(20,724
)
 
(24,697
)
Expected cash flows
7,594

 
37,290

 
44,884

Interest component of expected cash flows (accretable difference)
(954
)
 
(5,587
)
 
(6,541
)
Estimated fair value of purchased credit impaired loans acquired
$
6,640

 
$
31,703

 
$
38,343

 
 

 
 
 
 
A reconciliation of the contractual required principal and interest balance to the basis of purchased credit-impaired loans as of June 30, 2013 is as follows (in thousands):

 
Virginia
 
 
 
 
 
Savings
 
Community
 
Total
Contractual required principal and interest
$
7,330

 
$
47,850

 
$
55,180

Nonaccretable difference
(497
)
 
(15,526
)
 
(16,023
)
Expected cash flows
6,833

 
32,324

 
39,157

Accretable yield
(1,412
)
 
(4,479
)
 
(5,891
)
Basis in acquired loans
$
5,421

 
$
27,845

 
$
33,266