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Loans (Tables)
 12 Months Ended
Dec. 31, 2015
Loans Receivable, Net [Abstract]  
Summary Of Major Classifications For Loans
The following summarizes the Company’s major classifications for loans (in thousands):

 
December 31, 2015
December 31, 2014
 
 
 
Residential real estate
$
1,383,133

$
1,294,576

Home equity
147,036

145,604

Commercial and industrial
165,887

140,548

Commercial real estate
1,127,827

1,028,831

Consumer
36,083

39,705

DDA overdrafts
3,361

2,802

Gross loans
2,863,327

2,652,066

Allowance for loan losses
(20,044
)
(20,150
)
Net loans
$
2,843,283

$
2,631,916
Loans Acquired
The following table details the loans acquired in conjunction with the Virginia Savings, Community and AFB acquisitions (in thousands):

 
Virginia Savings
Community
AFB
Total
December 31, 2015
 
 
 
 
Outstanding loan balance
$
28,914

$
181,545

$
112,862

$
323,321

 
 
 
 
 
Credit-impaired loans:
 
 
 
 
Carrying value
1,707

12,899

—

14,606

Contractual principal and interest
1,965

16,362

—

18,327

 
 
 
 
 
December 31, 2014
 
 
 
 
Outstanding loan balance
$
38,345

$
219,923

$
—

$
258,268

 
 
 
 
 
Credit-impaired loans:
 
 
 
 
Carrying value
1,964

15,365

—

17,329

Contractual principal and interest
2,407

23,277

—

25,684
Activity For The Accretable Yield And Carrying Amount Of Loans
Changes in the accretable yield and the carrying amount of the credit-impaired loans for the year December 31, 2015 is as follows (in thousands):

 
Virginia Savings
Community
Total
 
Accretable Yield
Carrying Amount
of Loans
Accretable Yield
Carrying Amount
of Loans
Accretable Yield
Carrying Amount
of Loans
Balance at the beginning of the period
$
428

$
1,964

$
9,906

$
15,365

$
10,334

$
17,329

Accretion
(188
)
188

(2,477
)
2,477

(2,665
)
2,665

Net reclassifications to accretable from non-accretable
185

—

918

—

1,103

—

Payments received, net
—

(445
)
—

(2,924
)
—

(3,369
)
Disposals
(51
)
—

(2,081
)
(2,019
)
(2,132
)
(2,019
)
Balance at the end of period
$
374

$
1,707

$
6,266

$
12,899

$
6,640

$
14,606



Increases in expected cash flow subsequent to the acquisition are recognized first as a reduction of any previous impairment, then prospectively through adjustment of the yield on the loans or pools over its remaining life, while decreases in expected cash flows are recognized as impairment through a provision for loan loss and an increase in the allowance for purchased credit-impaired loans.