XML 17 R39.htm IDEA: XBRL DOCUMENT v2.4.1.9
Allowance For Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2014
Allowance for Loan and Lease Losses, Adjustments, Net [Abstract]  
Schedule Of Allowance For Loan Loss By Portfolio Segment
The following summarizes the activity in the allowance for loan loss, by portfolio segment (in thousands).  The following also presents the balance in the allowance for loan loss disaggregated on the basis of the Company’s impairment measurement method and the related recorded investment in loans, by portfolio segment (in thousands).
 
 
Commercial and industrial
Commercial real estate
Residential real estate
Home equity
Consumer
DDA overdrafts
Total
December 31, 2014
 
 
 
 
 
 
 
Allowance for loan loss
 
 
 
 
 
 
 
Beginning balance
$
1,139

$
10,775

$
6,057

$
1,672

$
77

$
855

$
20,575

   Charge-offs
323

1,925

1,762

309

188

1,415

5,922

   Recoveries
89

113

187

—

204

850

1,443

   Provision
394

(42
)
2,726

132

(8
)
569

3,771

   Provision for acquired loans with deteriorated credit quality
283

—

—

—

—

—

283

Ending balance
$
1,582

$
8,921

$
7,208

$
1,495

$
85

$
859

$
20,150

 
 
 
 
 
 
 
 
December 31, 2013
 
 
 
 
 
 
 
Allowance for loan loss
 
 
 
 
 
 
 
Beginning balance
$
498

$
10,440

$
5,229

$
1,699

$
81

$
862

$
18,809

   Charge-offs
1,040

2,187

2,181

295

454

1,483

7,640

   Recoveries
84

785

234

—

327

1,128

2,558

   Provision
1,308

1,431

2,775

266

123

348

6,251

   Provision for acquired loans with deteriorated credit quality
$
289

$
306

$
—

$
2

$
—

$
—

597

Ending balance
$
1,139

$
10,775

$
6,057

$
1,672

$
77

$
855

$
20,575

 
 
 
 
 
 
 
 
As of December 31, 2014
 
 
 
 
 
 
 
Allowance for loan loss
 
 
 
 
 
 
 
Evaluated for impairment:
 
 
 
 
 
 
 
   Individually
$
—

$
252

$
—

$
—

$
—

$
—

$
252

   Collectively
1,540

7,898

7,208

1,429

85

859

19,019

Acquired with deteriorated credit quality
42

771

—

66

—

—

879

Total
$
1,582

$
8,921

$
7,208

$
1,495

$
85

$
859

$
20,150

 
 
 
 
 
 
 
 
Loans
 
 
 
 
 
 
 
Evaluated for impairment:
 
 
 
 
 
 
 
   Individually
$
—

$
6,023

$
449

$
297

$
—

$
—

$
6,769

   Collectively
131,955

1,017,148

1,293,748

142,743

39,572

2,802

2,627,968

Acquired with deteriorated credit quality
686

13,567

379

2,564

133

—

17,329

Total
$
132,641

$
1,036,738

$
1,294,576

$
145,604

$
39,705

$
2,802

$
2,652,066

 
 
 
 
 
 
 
 
As of December 31, 2013
 
 
 
 
 
 
 
Allowance for loan loss
 
 
 
 
 
 
 
Evaluated for impairment:
 
 
 
 
 
 
 
   Individually
$
—

$
880

$
—

$
—

$
—

$
—

$
880

   Collectively
827

9,615

6,054

1,672

77

855

19,100

Acquired with deteriorated credit quality
312

280

3

—

—

—

595

Total
$
1,139

$
10,775

$
6,057

$
1,672

$
77

$
855

$
20,575

 
 
 
 
 
 
 
 
Loans
 
 
 
 
 
 
 
Evaluated for impairment:
 
 
 
 
 
 
 
   Individually
$
—

$
11,837

$
459

$
298

$
—

$
—

$
12,594

   Collectively
146,318

1,020,657

1,201,894

145,025

46,292

3,905

2,564,091

Acquired with deteriorated credit quality
1,984

24,554

2,097

767

110

—

29,512

Total
$
148,302

$
1,057,048

$
1,204,450

$
146,090

$
46,402

$
3,905

$
2,606,197
Schedule Of Credit Quality Indicators
The following table presents the Company's commercial loans by credit quality indicators, by class (in thousands):

 
Commercial and industrial
Commercial real estate
Total
December 31, 2014
 
 
 
Pass
$
120,905

$
978,492

$
1,099,397

Special mention
761

15,103

15,864

Substandard
10,575

42,691

53,266

Doubtful
400

452

852

Total
$
132,641

$
1,036,738

$
1,169,379

 
 
 
 
December 31, 2013
 

 

 

Pass
$
141,818

$
974,368

$
1,116,186

Special mention
648

20,072

20,720

Substandard
5,416

62,139

67,555

Doubtful
420

469

889

Total
$
148,302

$
1,057,048

$
1,205,350


The following table presents the Company's non-commercial loans by payment performance, by class (in thousands):
 
Performing
Non-Performing
Total
December 31, 2014
 
 
 
Residential real estate
$
1,292,012

$
2,564

$
1,294,576

Home equity - junior lien
145,506

98

145,604

Consumer
39,692

13

39,705

DDA overdrafts
2,802

—

2,802

Total
$
1,480,012

$
2,675

$
1,482,687

 
 
 
 
December 31, 2013
 
 
 
Residential real estate
$
1,201,631

$
2,819

$
1,204,450

Home equity - junior lien
145,812

278

146,090

Consumer
46,353

49

46,402

DDA overdrafts
3,900

5

3,905

Total
$
1,397,696

$
3,151

$
1,400,847
Schedule Of Aging Analysis Of Accruing And Non-Accruing Loans
The following presents an aging analysis of the Company’s accruing and non-accruing loans, by class (in thousands). The purchased credit-impaired loan column represents the purchased credit-impaired loans that the Company acquired that are contractually past due; however, are still performing in accordance with the Company's initial expectations.

 
Originated Loans
 
December 31, 2014
 
Accruing
 
 
 
Current
30-59 days
60-89 days
Over 90 days
Purchased-Credit Impaired
Non-accrual
Total
Residential real estate
$
1,200,177

$
4,235

$
758

$
169

$
—

$
2,259

$
1,207,598

Home equity - junior lien
142,624

561

155

30

—

68

143,438

Commercial and industrial
120,950

100

—

210

—

78

121,338

Commercial real estate
877,437

479

—

—

—

7,330

885,246

Consumer
33,178

119

78

1

—

—

33,376

DDA overdrafts
2,483

317

2

—

—

—

2,802

Total
$
2,376,849

$
5,811

$
993

$
410

$
—

$
9,735

$
2,393,798

 
 
 
 
 
 
 
 
 
Acquired Loans
 
December 31, 2014
 
Accruing
 
 
 
Current
30-59 days
60-89 days
Over 90 days
Purchased-Credit Impaired
Non-accrual
Total
Residential real estate
$
86,129

$
714

$
—

$
—

$
—

$
135

$
86,978

Home equity - junior lien
2,164

2

—

—

—

—

2,166

Commercial and industrial
10,123

143

—

—

—

1,037

11,303

Commercial real estate
144,721

892

210

—

1,270

4,399

151,492

Consumer
6,108

172

36

13

—

—

6,329

DDA overdrafts
—

—

—

—

—

—

—

Total
$
249,245

$
1,923

$
246

$
13

$
1,270

$
5,571

$
258,268

 
 
 
 
 
 
 
 
 
Total Loans
 
December 31, 2014
 
Accruing
 
 
 
Current
30-59 days
60-89 days
Over 90 days
Purchased-Credit Impaired
Non-accrual
Total
Residential real estate
$
1,286,306

$
4,949

$
758

$
169

$
—

$
2,394

$
1,294,576

Home equity - junior lien
144,788

563

155

30

—

68

145,604

Commercial and industrial
131,073

243

—

210

—

1,115

132,641

Commercial real estate
1,022,158

1,371

210

—

1,270

11,729

1,036,738

Consumer
39,286

291

114

14

—

—

39,705

DDA overdrafts
2,483

317

2

—

—

—

2,802

Total
$
2,626,094

$
7,734

$
1,239

$
423

$
1,270

$
15,306

$
2,652,066

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Originated Loans
 
December 31, 2013
 
Accruing
 
 
 
Current
30-59 days
60-89 days
Over 90 days
Purchased-Credit Impaired
Non-accrual
Total
Residential real estate
$
1,096,911

$
4,123

$
495

$
231

$
—

$
1,905

$
1,103,665

Home equity - junior lien
141,967

880

—

42

—

236

143,125

Commercial and industrial
128,015

—

—

—

—

79

128,094

Commercial real estate
852,090

668

—

—

—

13,097

865,855

Consumer
32,647

172

7

4

—

—

32,830

DDA overdrafts
3,511

374

15

5

—

—

3,905

Total
$
2,255,141

$
6,217

$
517

$
282

$
—

$
15,317

$
2,277,474

 
 
 
 
 
 
 
 
 
Acquired Loans
 
December 31, 2013
 
Accruing
 
 
 
Current
30-59 days
60-89 days
Over 90 days
Purchased-Credit Impaired
Non-accrual
Total
Residential real estate
$
99,089

$
842

$
172

$
—

$
—

$
682

$
100,785

Home equity - junior lien
2,965

—

—

—

—

—

2,965

Commercial and industrial
18,253

—

80

—

—

1,875

20,208

Commercial real estate
176,018

2,772

273

109

7,534

4,487

191,193

Consumer
12,876

622

29

45

—

—

13,572

DDA overdrafts
—

—

—

—

—

—

—

Total
$
309,201

$
4,236

$
554

$
154

$
7,534

$
7,044

$
328,723

 
 
 
 
 
 
 
 
 
Total Loans
 
December 31, 2013
 
Accruing
 
 
 
Current
30-59 days
60-89 days
Over 90 days
Purchased-Credit Impaired
Non-accrual
Total
Residential real estate
$
1,196,000

$
4,965

$
667

$
231

$
—

$
2,587

$
1,204,450

Home equity - junior lien
144,932

880

—

42

—

236

146,090

Commercial and industrial
146,268

—

80

—

—

1,954

148,302

Commercial real estate
1,028,108

3,440

273

109

7,534

17,584

1,057,048

Consumer
45,523

794

36

49

—

—

46,402

DDA overdrafts
3,511

374

15

5

—

—

3,905

Total
$
2,564,342

$
10,453

$
1,071

$
436

$
7,534

$
22,361

$
2,606,197
Schedule Of Impaired Loans
The following presents the Company’s impaired loans, by class (in thousands):
 
December 31, 2014
December 31, 2013
 
 
Unpaid
 
 
Unpaid
 
 
Recorded
Principal
Related
Recorded
Principal
Related
 
Investment
Balance
Allowance
Investment
Balance
Allowance
With no related allowance recorded:
 
 
 
 
 
 
Residential real estate
$
449

$
449

$
—

$
459

$
459

$
—

Home equity - junior liens
297

297

—

298

298

—

Commercial and industrial
—

—

—

—

—

—

Commercial real estate
4,631

4,631

—

8,421

8,361

—

Consumer
—

—

—

—

—

—

DDA overdrafts
—

—

—

—

—

—

Total
$
5,377

$
5,377

$
—

$
9,178

$
9,118

$
—

 
 
 
 
 
 
 
With an allowance recorded
 
 
 
 
 
 
Residential real estate
$
—

$
—

$
—

$
—

$
—

$
—

Home equity - junior liens
—

—

—

—

—

—

Commercial and industrial
—

—

—

—

—

—

Commercial real estate
1,392

1,392

252

3,416

3,416

880

Consumer
—

—

—

—

—

—

DDA overdrafts
—

—

—

—

—

—

Total
$
1,392

$
1,392

$
252

$
3,416

$
3,416

$
880
Schedule Of Information Related To Average Recorded Investment And Interest Income Recognized On Impaired Loans
The following table presents information related to the average recorded investment and interest income recognized on the Company’s impaired loans, by class (in thousands):
 
For the year ended
 
December 31, 2014
December 31, 2013
 
Average
Interest
Average
Interest
 
Recorded
Income
Recorded
Income
 
Investment
Recognized
Investment
Recognized
With no related allowance recorded:
 
 
 
 
Residential real estate
$
452

$
—

$
463

$
—

Home equity - junior liens
297

—

298

—

Commercial and industrial
—

—

—

—

Commercial real estate
6,657

17

9,006

57

Consumer
—

—

—

—

DDA overdrafts
—

—

—

—

Total
$
7,406

$
17

$
9,767

$
57

 
 
 
 
 
With an allowance recorded
 
 
 
 
Residential real estate
$
—

$
—

$
—

$
—

Home equity - junior liens
—

—

—

—

Commercial and industrial
—

—

—

—

Commercial real estate
1,725

128

3,324

—

Consumer
—

—

—

—

DDA overdrafts
—

—

—

—

Total
$
1,725

$
128

$
3,324

$
—
Schedule Of Troubled Debt Restructurings
The following tables set forth the Company’s TDRs (in thousands):
 
December 31, 2014
December 31, 2013
 
Non-
 
 
Non-
 
Accruing
Accruing
Total
Accruing
Accruing
Total
Commercial and industrial
$
73

$
—

$
73

$
88

$
—

$
88

Commercial real estate
2,263

—

2,263

1,783

—

1,783

Residential real estate
17,946

545

18,491

18,651

1,693

20,344

Home equity
2,673

15

2,688

2,859

14

2,873

Consumer
—

—

—

—

—

—

 
$
22,955

$
560

$
23,515

$
23,381

$
1,707

$
25,088



 
New TDRs
New TDRs
 
For the year ended
For the year ended
 
December 31, 2014
December 31, 2013
 
Pre
Post
 
Pre
Post
 
Modification
Modification
 
Modification
Modification
 
Outstanding
Outstanding
 
Outstanding
Outstanding
Number of
Recorded
Recorded
Number of
Recorded
Recorded
Contracts
Investment
Investment
Contracts
Investment
Investment
Commercial and industrial
—

$
—

$
—

1

$
88

$
88

Commercial real estate
1

428

428

3

1,564

1,559

Residential real estate
35

2,381

2,381

36

4,041

4,041

Home equity
10

211

211

17

473

473

Consumer
—

—

—

—

—

—

 
46

$
3,020

$
3,020

57

$
6,166

$
6,161