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Impaired Loans and Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2015
Financing Receivable, Allowance for Credit Losses [Line Items]  
Troubled Debt Restructurings on Financing Receivables
The following tables present accruing loans that were modified within the twelve months ending December 31, 2015 and 2014:
 
 
 
 
 
 
Pre-
 
Post-
 
 
 
 
 
 
 
 
 
 
 
Modification
 
Modification
 
 
 
 
 
 
 
Number
 
Outstanding
 
Outstanding
 
Specific
 
Valuation
 
 
 
of
 
Recorded
 
Recorded
 
Reserve
 
Allowance
 
 
 
Contracts
 
Investment
 
Investment
 
Recorded
 
Recorded
 
 
 
(In thousands)
 
2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and Land Development
 
 
2
 
$
220
 
$
218
 
$
0
 
$
2
 
Residential Real Estate
 
 
1
 
 
27
 
 
26
 
 
0
 
 
1
 
Commercial Real Estate
 
 
3
 
 
1,881
 
 
1,787
 
 
0
 
 
94
 
Consumer
 
 
1
 
 
48
 
 
45
 
 
0
 
 
3
 
 
 
 
7
 
$
2,176
 
$
2,076
 
$
0
 
$
100
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2014:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and Land Development
 
 
1
 
$
72
 
$
71
 
$
0
 
$
1
 
Residential Real Estate
 
 
6
 
 
687
 
 
638
 
 
0
 
 
49
 
Commercial Real Estate
 
 
1
 
 
4,300
 
 
3,975
 
 
0
 
 
325
 
 
 
 
8
 
$
5,059
 
$
4,684
 
$
0
 
$
375
 
Impaired Financing Receivables
At December 31, 2015 and 2014, the Company's recorded investment in impaired loans (excluding purchased loans) and related valuation allowance was as follows:
 
 
 
Impaired Loans
 
 
 
for the Year Ended December 31, 2015
 
 
 
 
 
 
Unpaid
 
Related
 
Average
 
Interest
 
 
 
Recorded
 
Principal
 
Valuation
 
Recorded
 
Income
 
 
 
Investment
 
Balance
 
Allowance
 
Investment
 
Recognized
 
 
 
( In thousands )
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
$
107
 
$
255
 
$
0
 
$
1,252
 
$
6
 
Commercial real estate
 
 
2,363
 
 
3,911
 
 
0
 
 
2,880
 
 
16
 
Residential real estate
 
 
9,256
 
 
13,707
 
 
0
 
 
10,259
 
 
168
 
Commercial and financial
 
 
17
 
 
17
 
 
0
 
 
84
 
 
1
 
Consumer
 
 
264
 
 
349
 
 
0
 
 
141
 
 
3
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
 
835
 
 
870
 
 
84
 
 
987
 
 
29
 
Commercial real estate
 
 
7,087
 
 
7,087
 
 
429
 
 
7,280
 
 
302
 
Residential real estate
 
 
12,447
 
 
12,803
 
 
1,964
 
 
15,136
 
 
337
 
Commercial and financial
 
 
0
 
 
0
 
 
0
 
 
0
 
 
0
 
Consumer
 
 
351
 
 
351
 
 
40
 
 
495
 
 
18
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
 
942
 
 
1,125
 
 
84
 
 
2,239
 
 
35
 
Commercial real estate
 
 
9,450
 
 
10,998
 
 
429
 
 
10,160
 
 
318
 
Residential real estate
 
 
21,703
 
 
26,510
 
 
1,964
 
 
25,395
 
 
505
 
Commercial and financial
 
 
17
 
 
17
 
 
0
 
 
84
 
 
1
 
Consumer
 
 
615
 
 
700
 
 
40
 
 
636
 
 
21
 
 
 
$
32,727
 
$
39,350
 
$
2,517
 
$
38,514
 
$
880
 
 
 
 
 
Impaired Loans
 
 
 
for the Year Ended December 31, 2014
 
 
 
 
 
 
Unpaid
 
Related
 
Average
 
Interest
 
 
 
Recorded
 
Principal
 
Valuation
 
Recorded
 
Income
 
 
 
Investment
 
Balance
 
Allowance
 
Investment
 
Recognized
 
 
 
( In thousands )
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
$
1,824
 
$
2,239
 
$
0
 
$
2,080
 
$
106
 
Commercial real estate
 
 
3,087
 
 
4,600
 
 
0
 
 
2,713
 
 
20
 
Residential real estate
 
 
11,898
 
 
16,562
 
 
0
 
 
11,366
 
 
198
 
Commercial and financial
 
 
120
 
 
120
 
 
0
 
 
110
 
 
8
 
Consumer
 
 
65
 
 
93
 
 
0
 
 
291
 
 
1
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
 
886
 
 
931
 
 
159
 
 
1,213
 
 
81
 
Commercial real estate
 
 
8,359
 
 
8,469
 
 
529
 
 
10,446
 
 
461
 
Residential real estate
 
 
16,804
 
 
17,693
 
 
2,741
 
 
20,793
 
 
445
 
Commercial and financial
 
 
0
 
 
0
 
 
0
 
 
47
 
 
0
 
Consumer
 
 
534
 
 
562
 
 
112
 
 
543
 
 
25
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
 
2,710
 
 
3,170
 
 
159
 
 
3,293
 
 
187
 
Commercial real estate
 
 
11,446
 
 
13,069
 
 
529
 
 
13,159
 
 
481
 
Residential real estate
 
 
28,702
 
 
34,255
 
 
2,741
 
 
32,159
 
 
643
 
Commercial and financial
 
 
120
 
 
120
 
 
0
 
 
157
 
 
8
 
Consumer
 
 
599
 
 
655
 
 
112
 
 
834
 
 
26
 
 
 
$
43,577
 
$
51,269
 
$
3,541
 
$
49,602
 
$
1,345
 
Allowance for Credit Losses on Financing Receivables
Activity in the allowance for loans losses (excluding PCI loans) for the three years ended December 31, 2015, 2014 and 2013 are summarized as follows:
   
 
 
Beginning Balance
 
Provision for Loan Losses
 
Charge-Offs
 
Recoveries
 
Net (Charge-Offs) Recoveries
 
Ending Balance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
 
December 31 , 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
$
722
 
$
1,296
 
$
(1,271)
 
$
404
 
$
(867)
 
$
1,151
 
Commercial real estate
 
 
4,528
 
 
2,010
 
 
(482)
 
 
700
 
 
218
 
 
6,756
 
Residential real estate
 
 
9,784
 
 
(2,208)
 
 
(779)
 
 
1,260
 
 
481
 
 
8,057
 
Commercial and financial
 
 
1,179
 
 
1,058
 
 
(726)
 
 
531
 
 
(195)
 
 
2,042
 
Consumer
 
 
794
 
 
552
 
 
(341)
 
 
117
 
 
(224)
 
 
1,122
 
 
 
$
17,007
 
$
2,708
 
$
(3,599)
 
$
3,012
 
$
(587)
 
$
19,128
 
December 31 , 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
$
808
 
$
139
 
$
(640)
 
$
415
 
$
(225)
 
$
722
 
Commercial real estate
 
 
6,160
 
 
(2,917)
 
 
(398)
 
 
1,683
 
 
1,285
 
 
4,528
 
Residential real estate
 
 
11,659
 
 
(1,651)
 
 
(1,126)
 
 
902
 
 
(224)
 
 
9,784
 
Commercial and financial
 
 
710
 
 
697
 
 
(398)
 
 
170
 
 
(228)
 
 
1,179
 
Consumer
 
 
731
 
 
182
 
 
(193)
 
 
74
 
 
(119)
 
 
794
 
 
 
$
20,068
 
$
(3,550)
 
$
(2,755)
 
$
3,244
 
$
489
 
$
17,007
 
December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
$
1,134
 
$
66
 
$
(604)
 
$
212
 
$
(392)
 
$
808
 
Commercial real estate
 
 
8,849
 
 
(522)
 
 
(2,714)
 
 
547
 
 
(2,167)
 
 
6,160
 
Residential real estate
 
 
11,090
 
 
3,273
 
 
(3,153)
 
 
449
 
 
(2,704)
 
 
11,659
 
Commercial and financial
 
 
468
 
 
(24)
 
 
(60)
 
 
326
 
 
266
 
 
710
 
Consumer
 
 
563
 
 
395
 
 
(253)
 
 
26
 
 
(227)
 
 
731
 
 
 
$
22,104
 
$
3,188
 
$
(6,784)
 
$
1,560
 
$
(5,224)
 
$
20,068
 
Loan Portfolio And Related Allowance
The Company's loan portfolio  (excluding PCI loans) and related allowance at December 31, 2015 and 2014 is shown in the following tables.
 
 
 
Individually Evaluated for Impairment
 
Collectively Evaluated for Impairment
 
Total
 
December 31, 2015
 
Carrying Value
 
Associated Allowance
 
Carrying Value
 
Associated Allowance
 
Carrying Value
 
Associated Allowance
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
$
942
 
$
84
 
$
107,731
 
$
1,067
 
$
108,673
 
$
1,151
 
Commercial real estate
 
 
9,450
 
 
429
 
 
989,938
 
 
6,327
 
 
999,388
 
 
6,756
 
Residential real estate
 
 
21,703
 
 
1,964
 
 
701,160
 
 
6,093
 
 
722,863
 
 
8,057
 
Commercial and financial
 
 
17
 
 
0
 
 
227,417
 
 
2,042
 
 
227,434
 
 
2,042
 
Consumer
 
 
615
 
 
40
 
 
85,248
 
 
1,082
 
 
85,863
 
 
1,122
 
 
 
$
32,727
 
$
2,517
 
$
2,111,494
 
$
16,611
 
$
2,144,221
 
$
19,128
 
 
 
 
Individually Evaluated for
 
Collectively Evaluated for
 
 
 
 
 
 
 
 
 
Impairment
 
Impairment
 
Total
 
December 31, 2014
 
Carrying Value
 
Associated Allowance
 
Carrying Value
 
Associated Allowance
 
Carrying Value
 
Associated Allowance
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
$
2,710
 
$
159
 
$
82,769
 
$
563
 
$
85,479
 
$
722
 
Commercial real estate
 
 
11,446
 
 
529
 
 
821,609
 
 
3,999
 
 
833,055
 
 
4,528
 
Residential real estate
 
 
28,702
 
 
2,741
 
 
657,344
 
 
7,043
 
 
686,046
 
 
9,784
 
Commercial and financial
 
 
120
 
 
0
 
 
155,964
 
 
1,179
 
 
156,084
 
 
1,179
 
Consumer
 
 
599
 
 
112
 
 
52,808
 
 
682
 
 
53,407
 
 
794
 
 
 
$
43,577
 
$
3,541
 
$
1,770,494
 
$
13,466
 
$
1,814,071
 
$
17,007
 
PCI Loans [Member]  
Financing Receivable, Allowance for Credit Losses [Line Items]  
Loan Portfolio And Related Allowance
The table below summarizes PCI loans that were individually evaluated for impairment based on expected cash flows at December 31, 2015 and 2014.
 
 
 
December 31, 2015
 
December 31, 2014
 
 
 
PCI Loans Individually Evaluated for Impairment
 
PCI Loans Individually Evaluated for Impairment
 
 
 
Carrying Value
 
Associated Allowance
 
Carrying Value
 
Associated Allowance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
$
114
 
$
0
 
$
1,557
 
$
43
 
Commercial real estate
 
 
9,990
 
 
0
 
 
4,092
 
 
3
 
Residential real estate
 
 
922
 
 
0
 
 
851
 
 
18
 
Commercial and financial
 
 
1,083
 
 
0
 
 
1,312
 
 
0
 
Consumer
 
 
0
 
 
0
 
 
2
 
 
0
 
 
 
$
12,109
 
$
0
 
$
7,814
 
$
64