Allowance For Loan Losses (Tables)
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3 Months Ended |
Mar. 31, 2017 |
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| Receivables [Abstract] |
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| Schedule Of Allowance For Loan Loss By Portfolio Segment |
The following table summarizes the activity in the allowance for loan loss, by portfolio segment, for the three months ended March 31, 2017 and 2016 (in thousands). The allocation of a portion of the allowance in one portfolio segment does not preclude its availability to absorb losses in other portfolio segments. The following table 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, as of March 31, 2017 and December 31, 2016 (in thousands). | | | | | | | | | | | | | | | | | | | | | | | | Commercial & | Commercial | Residential | | | DDA | | | Industrial | Real Estate | Real Estate | Home Equity | Consumer | Overdrafts | Total | Three months ended March 31, 2017 | | | | | | | | Allowance for loan loss | Beginning balance | $ | 4,206 |
| $ | 6,573 |
| $ | 6,680 |
| $ | 1,417 |
| $ | 82 |
| $ | 772 |
| $ | 19,730 |
| Charge-offs | (53 | ) | (180 | ) | (626 | ) | (121 | ) | (6 | ) | (636 | ) | (1,622 | ) | Recoveries | 2 |
| 11 |
| 25 |
| — |
| 11 |
| 371 |
| 420 |
| Provision for acquired loans | — |
| (19 | ) | — |
| — |
| — |
| — |
| (19 | ) | Provision | 128 |
| (381 | ) | 644 |
| 3 |
| (23 | ) | 329 |
| 700 |
| Ending balance | $ | 4,283 |
| $ | 6,004 |
| $ | 6,723 |
| $ | 1,299 |
| $ | 64 |
| $ | 836 |
| $ | 19,209 |
| | | | | | | | | Three months ended March 31, 2016 | |
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| Allowance for loan loss | |
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| |
| |
| |
| |
| |
| Beginning balance | $ | 3,271 |
| $ | 6,985 |
| $ | 6,778 |
| $ | 1,463 |
| $ | 97 |
| $ | 657 |
| $ | 19,251 |
| Charge-offs | (1 | ) | (302 | ) | (405 | ) | (106 | ) | (38 | ) | (318 | ) | (1,170 | ) | Recoveries | 1 |
| 384 |
| 39 |
| — |
| 29 |
| 242 |
| 695 |
|
| | | | | | | | | | | | | | | | | | | | | | | Provision for acquired loans | — |
| 40 |
| — |
| — |
| — |
| — |
| 40 |
| Provision | 632 |
| (703 | ) | 347 |
| 45 |
| 5 |
| 173 |
| 499 |
| Ending balance | $ | 3,903 |
| $ | 6,404 |
| $ | 6,759 |
| $ | 1,402 |
| $ | 93 |
| $ | 754 |
| $ | 19,315 |
| | | | | | | | | As of March 31, 2017 | |
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| Allowance for loan loss | |
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| |
| |
| |
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| Evaluated for impairment: | |
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| |
| |
| |
| |
| |
| Individually | $ | — |
| $ | 636 |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | 636 |
| Collectively | 4,277 |
| 5,267 |
| 6,632 |
| 1,299 |
| 62 |
| 836 |
| 18,373 |
| Acquired with deteriorated | | |
| |
| |
| |
| |
| |
| credit quality | 6 |
| 101 |
| 91 |
| — |
| 2 |
| — |
| 200 |
| Total | $ | 4,283 |
| $ | 6,004 |
| $ | 6,723 |
| $ | 1,299 |
| $ | 64 |
| $ | 836 |
| $ | 19,209 |
| | | | | | | | | Loans | |
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| |
| |
| |
| |
| |
| Evaluated for impairment: | |
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| |
| |
| |
| |
| |
| Individually | $ | 1,282 |
| $ | 5,941 |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | 7,223 |
| Collectively | 203,420 |
| 1,237,110 |
| 1,442,174 |
| 139,165 |
| 31,928 |
| 3,053 |
| 3,056,850 |
| Acquired with deteriorated | | | | | | | |
| credit quality | 309 |
| 7,055 |
| 2,621 |
| — |
| 115 |
| — |
| 10,100 |
| Total | $ | 205,011 |
| $ | 1,250,106 |
| $ | 1,444,795 |
| $ | 139,165 |
| $ | 32,043 |
| $ | 3,053 |
| $ | 3,074,173 |
| | | | | | | | | As of December 31, 2016 | |
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| |
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| Allowance for loan loss | |
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| |
| |
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| |
| |
| Evaluated for impairment: | |
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| |
| |
| |
| |
| |
| Individually | $ | — |
| $ | 665 |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | 665 |
| Collectively | 4,200 |
| 5,788 |
| 6,589 |
| 1,417 |
| 82 |
| 772 |
| 18,848 |
| Acquired with deteriorated | | | | | | | | credit quality | 6 |
| 120 |
| 91 |
| — |
| — |
| — |
| 217 |
| Total | $ | 4,206 |
| $ | 6,573 |
| $ | 6,680 |
| $ | 1,417 |
| $ | 82 |
| $ | 772 |
| $ | 19,730 |
| | | | | | | | | Loans | |
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| |
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| Evaluated for impairment: | |
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| |
| |
| |
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| Individually | $ | 1,611 |
| $ | 5,970 |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | 7,581 |
| Collectively | 183,741 |
| 1,216,050 |
| 1,448,830 |
| 141,965 |
| 32,545 |
| 5,071 |
| 3,028,202 |
| Acquired with deteriorated | | | | | | | | credit quality | 315 |
| 7,496 |
| 2,632 |
| — |
| — |
| — |
| 10,443 |
| Total | $ | 185,667 |
| $ | 1,229,516 |
| $ | 1,451,462 |
| $ | 141,965 |
| $ | 32,545 |
| $ | 5,071 |
| $ | 3,046,226 |
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| Schedule Of Credit Quality Indicators |
The Company uses the following definitions for its risk ratings:
| | | Risk Rating | Description | Pass ratings: | | (a) Exceptional | Loans classified as exceptional are secured with liquid collateral conforming to the internal loan policy. Loans rated within this category pose minimal risk of loss to the bank. | (b) Good | Loans classified as good have similar characteristics that include a strong balance sheet, satisfactory debt service coverage ratios, strong management and/or guarantors, and little exposure to economic cycles. Loans in this category generally have a low chance of loss to the bank. | (c) Acceptable | Loans classified as acceptable have acceptable liquidity levels, adequate debt service coverage ratios, experienced management, and have average exposure to economic cycles. Loans within this category generally have a low risk of loss to the bank. | (d) Pass/watch | Loans classified as pass/watch have erratic levels of leverage and/or liquidity, cash flow is volatile and the borrower is subject to moderate economic risk. A borrower in this category poses a low to moderate risk of loss to the bank. | Special mention | Loans classified as special mention have a potential weakness(es) that deserves management’s close attention. The potential weakness could result in deterioration of the loan repayment or the bank’s credit position at some future date. A loan rated in this category poses a moderate loss risk to the bank. | Substandard | Loans classified as substandard reflect a customer with a well defined weakness that jeopardizes the liquidation of the debt. Loans in this category have the possibility that the bank will sustain some loss if the deficiencies are not corrected and the bank’s collateral value is weakened by the financial deterioration of the borrower. | Doubtful | Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristics that make collection of the full contract amount highly improbable. Loans rated in this category are most likely to cause the bank to have a loss due to a collateral shortfall or a negative capital position. |
The following table presents the Company’s commercial loans by credit quality indicators, by class (in thousands): | | | | | | | | | | | | Commercial and industrial | Commercial real estate | Total | March 31, 2017 | | | | Pass | $ | 195,748 |
| $ | 1,199,652 |
| $ | 1,395,400 |
| Special mention | 2,472 |
| 14,892 |
| 17,364 |
| Substandard | 6,791 |
| 35,562 |
| 42,353 |
| Doubtful | — |
| — |
| — |
| Total | $ | 205,011 |
| $ | 1,250,106 |
| $ | 1,455,117 |
| | | | | December 31, 2016 | |
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| |
| Pass | $ | 176,823 |
| $ | 1,178,288 |
| $ | 1,355,111 |
| Special mention | 2,427 |
| 16,031 |
| 18,458 |
| Substandard | 6,417 |
| 35,197 |
| 41,614 |
| Doubtful | — |
| — |
| — |
| Total | $ | 185,667 |
| $ | 1,229,516 |
| $ | 1,415,183 |
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| Schedule Of Noncommercial Loans By Payment Performance |
The following table presents the Company's non-commercial loans by payment performance, by class (in thousands): | | | | | | | | | | | | Performing | Non-Performing | Total | March 31, 2017 | | | | Residential real estate | $ | 1,441,950 |
| $ | 2,845 |
| $ | 1,444,795 |
| Home equity | 139,051 |
| 114 |
| 139,165 |
| Consumer | 32,043 |
| — |
| 32,043 |
| DDA overdrafts | 3,053 |
| — |
| 3,053 |
| Total | $ | 1,616,097 |
| $ | 2,959 |
| $ | 1,619,056 |
| | | | | December 31, 2016 | | | | Residential real estate | $ | 1,447,087 |
| $ | 4,375 |
| $ | 1,451,462 |
| Home equity | 141,834 |
| 131 |
| 141,965 |
| Consumer | 32,545 |
| — |
| 32,545 |
| DDA overdrafts | 5,071 |
| — |
| 5,071 |
| Total | $ | 1,626,537 |
| $ | 4,506 |
| $ | 1,631,043 |
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| Schedule Of Aging Analysis Of Accruing And Non-Accruing Loans |
The following table presents an aging analysis of the Company’s accruing and non-accruing loans, by class (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2017 | | Accruing | | | | Current | 30-59 days | 60-89 days | Over 90 days | Purchased-Credit Impaired | Non-accrual | Total | Residential real estate | $ | 1,438,109 |
| $ | 3,455 |
| $ | 386 |
| $ | 35 |
| $ | — |
| $ | 2,810 |
| $ | 1,444,795 |
| Home equity | 138,750 |
| 205 |
| 96 |
| — |
| — |
| 114 |
| 139,165 |
| Commercial and industrial | 203,046 |
| 562 |
| 50 |
| — |
| — |
| 1,353 |
| 205,011 |
| Commercial real estate | 1,241,951 |
| 239 |
| 525 |
| — |
| 250 |
| 7,141 |
| 1,250,106 |
| Consumer | 32,006 |
| 28 |
| 9 |
| — |
| — |
| — |
| 32,043 |
| DDA overdrafts | 2,723 |
| 319 |
| 11 |
| — |
| — |
| — |
| 3,053 |
| Total | $ | 3,056,585 |
| $ | 4,808 |
| $ | 1,077 |
| $ | 35 |
| $ | 250 |
| $ | 11,418 |
| $ | 3,074,173 |
| | | | | | | | | | December 31, 2016 | | Accruing | | | | Current | 30-59 days | 60-89 days | Over 90 days | Purchased-Credit Impaired | Non-accrual | Total | Residential real estate | $ | 1,441,086 |
| $ | 5,364 |
| $ | 637 |
| $ | 73 |
| $ | — |
| $ | 4,302 |
| $ | 1,451,462 |
| Home equity | 141,192 |
| 423 |
| 219 |
| 31 |
| — |
| 100 |
| 141,965 |
| Commercial and industrial | 183,615 |
| 94 |
| — |
| — |
| — |
| 1,958 |
| 185,667 |
| Commercial real estate | 1,221,344 |
| 553 |
| — |
| 278 |
| — |
| 7,341 |
| 1,229,516 |
| Consumer | 32,506 |
| 38 |
| 1 |
| — |
| — |
| — |
| 32,545 |
| DDA overdrafts | 4,472 |
| 595 |
| 4 |
| — |
| — |
| — |
| 5,071 |
| Total | $ | 3,024,215 |
| $ | 7,067 |
| $ | 861 |
| $ | 382 |
| $ | — |
| $ | 13,701 |
| $ | 3,046,226 |
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| Schedule Of Impaired Loans |
The following table presents the Company’s impaired loans, by class (in thousands). The difference between the unpaid principal balance and the recorded investment generally reflects amounts that have been previously charged-off. There are no impaired residential, home equity, or consumer loans.
| | | | | | | | | | | | | | | | | | | | | March 31, 2017 | December 31, 2016 | | | Unpaid | | | Unpaid | | | Recorded | Principal | Related | Recorded | Principal | Related | | Investment | Balance | Allowance | Investment | Balance | Allowance | With no related allowance recorded: | | | | | | | Commercial and industrial | $ | 1,282 |
| $ | 3,447 |
| $ | — |
| $ | 1,611 |
| $ | 3,775 |
| $ | — |
| Commercial real estate | 6,123 |
| 7,948 |
| — |
| 3,138 |
| 4,963 |
| — |
| Total | $ | 7,405 |
| $ | 11,395 |
| $ | — |
| $ | 4,749 |
| $ | 8,738 |
| $ | — |
| | | | | | | | With an allowance recorded: | | | | | | | Commercial and industrial | $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| Commercial real estate | 2,832 |
| 2,832 |
| 636 |
| 2,832 |
| 2,832 |
| 665 |
| Total | $ | 2,832 |
| $ | 2,832 |
| $ | 636 |
| $ | 2,832 |
| $ | 2,832 |
| $ | 665 |
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| 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): | | | | | | | | | | | | | | | Three months ended March 31, | | 2017 | 2016 | | Average | Interest | Average | Interest | | Recorded | Income | Recorded | Income | | Investment | Recognized | Investment | Recognized | With no related allowance recorded: | | | | | Commercial and industrial | $ | 1,365 |
| — |
| $ | 2,349 |
| $ | — |
| Commercial real estate | 3,118 |
| 5 |
| 5,358 |
| 4 |
| Total | $ | 4,483 |
| $ | 5 |
| $ | 7,707 |
| $ | 4 |
| | | | | | With an allowance recorded: | | | | | Commercial and industrial | $ | — |
| $ | — |
| $ | — |
| $ | — |
| Commercial real estate | 2,832 |
| 19 |
| — |
| — |
| Total | $ | 2,832 |
| $ | 19 |
| $ | — |
| $ | — |
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| Schedule Of Troubled Debt Restructurings |
The following tables set forth the Company’s TDRs (in thousands):
| | | | | | | | | | | | | | | | | | | | | March 31, 2017 | December 31, 2016 | | Non- | | | Non- | | Accruing | Accruing | Total | Accruing | Accruing | Total | Commercial and industrial | $ | 38 |
| $ | — |
| $ | 38 |
| $ | 42 |
| $ | — |
| $ | 42 |
| Commercial real estate | 8,513 |
| — |
| 8,513 |
| 5,525 |
| — |
| 5,525 |
| Residential real estate | 20,276 |
| 150 |
| 20,426 |
| 20,424 |
| 391 |
| 20,815 |
| Home equity | 3,072 |
| 30 |
| 3,102 |
| 3,105 |
| 30 |
| 3,135 |
| Consumer | — |
| — |
| — |
| — |
| — |
| — |
| | $ | 31,899 |
| $ | 180 |
| $ | 32,079 |
| $ | 29,096 |
| $ | 421 |
| $ | 29,517 |
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| | | | | | | | | | | | | | | | | | | New TDRs | | Three months ended March 31, | | 2017 | 2016 | | 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 | — |
| $ | — |
| $ | — |
| — |
| $ | — |
| $ | — |
| Commercial real estate | 1 |
| 3,015 |
| 3,015 |
| — |
| — |
| — |
| Residential real estate | 9 |
| 1,130 |
| 1,130 |
| 8 |
| 741 |
| 741 |
| Home equity | 2 |
| 58 |
| 58 |
| 1 |
| 29 |
| 29 |
| Consumer | — |
| — |
| — |
| — |
| — |
| — |
| | 12 |
| $ | 4,203 |
| $ | 4,203 |
| 9 |
| $ | 770 |
| $ | 770 |
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