Loans (Tables)
|
6 Months Ended |
Jun. 30, 2016 |
|---|
| Receivables [Abstract] |
|
| Schedule of Net Loans |
Total net loans at June 30,
2016 and December 31, 2015 are summarized as follows:
|
|
|
|
|
|
|
|
|
| |
|
June 30,
2016 |
|
|
December 31,
2015 |
|
|
Commercial, industrial, and
agricultural
|
|
$ |
490,838 |
|
|
$ |
475,364 |
|
|
Commercial
mortgages
|
|
|
494,619 |
|
|
|
448,179 |
|
|
Residential real
estate
|
|
|
591,779 |
|
|
|
574,225 |
|
|
Consumer
|
|
|
76,619 |
|
|
|
78,345 |
|
|
Credit cards
|
|
|
5,329 |
|
|
|
5,201 |
|
|
Overdrafts
|
|
|
407 |
|
|
|
1,040 |
|
|
Less: unearned
discount
|
|
|
(3,747 |
) |
|
|
(4,556 |
) |
|
allowance for loan
losses
|
|
|
(15,988 |
) |
|
|
(16,737 |
) |
|
|
|
|
|
|
|
|
|
|
Loans, net
|
|
$ |
1,639,856 |
|
|
$ |
1,561,061 |
|
|
|
|
|
|
|
|
|
|
|
| Allowance for Loan Losses |
Transactions in the
allowance for loan losses for the three months ended June 30, 2016
were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Commercial, |
|
|
|
|
|
Residential |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Industrial, and |
|
|
Commercial |
|
|
Real |
|
|
|
|
|
Credit |
|
|
|
|
|
|
|
| |
|
Agricultural |
|
|
Mortgages |
|
|
Estate |
|
|
Consumer |
|
|
Cards |
|
|
Overdrafts |
|
|
Total |
|
|
Allowance for loan losses,
April 1, 2016
|
|
$ |
5,627 |
|
|
$ |
6,044 |
|
|
$ |
2,574 |
|
|
$ |
2,274 |
|
|
$ |
81 |
|
|
$ |
138 |
|
|
$ |
16,738 |
|
|
Charge-offs
|
|
|
(162 |
) |
|
|
(20 |
) |
|
|
(124 |
) |
|
|
(701 |
) |
|
|
(28 |
) |
|
|
(30 |
) |
|
|
(1,065 |
) |
|
Recoveries
|
|
|
39 |
|
|
|
0 |
|
|
|
3 |
|
|
|
30 |
|
|
|
3 |
|
|
|
20 |
|
|
|
95 |
|
|
Provision (benefit) for
loan losses
|
|
|
(286 |
) |
|
|
183 |
|
|
|
(154 |
) |
|
|
463 |
|
|
|
(6 |
) |
|
|
20 |
|
|
|
220 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses,
June 30, 2016
|
|
$ |
5,218 |
|
|
$ |
6,207 |
|
|
$ |
2,299 |
|
|
$ |
2,066 |
|
|
$ |
50 |
|
|
$ |
148 |
|
|
$ |
15,988 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transactions in the
allowance for loan losses for the six months ended June 30, 2016
were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Commercial, |
|
|
|
|
|
Residential |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Industrial, and |
|
|
Commercial |
|
|
Real |
|
|
|
|
|
Credit |
|
|
|
|
|
|
|
| |
|
Agricultural |
|
|
Mortgages |
|
|
Estate |
|
|
Consumer |
|
|
Cards |
|
|
Overdrafts |
|
|
Total |
|
|
Allowance for loan losses,
January 1, 2016
|
|
$ |
6,035 |
|
|
$ |
5,605 |
|
|
$ |
2,475 |
|
|
$ |
2,371 |
|
|
$ |
90 |
|
|
$ |
161 |
|
|
$ |
16,737 |
|
|
Charge-offs
|
|
|
(433 |
) |
|
|
(20 |
) |
|
|
(149 |
) |
|
|
(1,688 |
) |
|
|
(37 |
) |
|
|
(81 |
) |
|
|
(2,408 |
) |
|
Recoveries
|
|
|
47 |
|
|
|
5 |
|
|
|
62 |
|
|
|
74 |
|
|
|
15 |
|
|
|
40 |
|
|
|
243 |
|
|
Provision (benefit) for
loan losses
|
|
|
(431 |
) |
|
|
617 |
|
|
|
(89 |
) |
|
|
1,309 |
|
|
|
(18 |
) |
|
|
28 |
|
|
|
1,416 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses,
June 30, 2016
|
|
$ |
5,218 |
|
|
$ |
6,207 |
|
|
$ |
2,299 |
|
|
$ |
2,066 |
|
|
$ |
50 |
|
|
$ |
148 |
|
|
$ |
15,988 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transactions in the
allowance for loan losses for the three months ended June 30, 2015
were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Commercial, |
|
|
|
|
|
Residential |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Industrial, and |
|
|
Commercial |
|
|
Real |
|
|
|
|
|
Credit |
|
|
|
|
|
|
|
| |
|
Agricultural |
|
|
Mortgages |
|
|
Estate |
|
|
Consumer |
|
|
Cards |
|
|
Overdrafts |
|
|
Total |
|
|
Allowance for loan losses,
April 1, 2015
|
|
$ |
7,223 |
|
|
$ |
5,296 |
|
|
$ |
2,786 |
|
|
$ |
2,129 |
|
|
$ |
74 |
|
|
$ |
174 |
|
|
$ |
17,682 |
|
|
Charge-offs
|
|
|
(65 |
) |
|
|
0 |
|
|
|
(90 |
) |
|
|
(477 |
) |
|
|
(44 |
) |
|
|
(48 |
) |
|
|
(724 |
) |
|
Recoveries
|
|
|
12 |
|
|
|
0 |
|
|
|
0 |
|
|
|
26 |
|
|
|
2 |
|
|
|
20 |
|
|
|
60 |
|
|
Provision (benefit) for
loan losses
|
|
|
(572 |
) |
|
|
632 |
|
|
|
(84 |
) |
|
|
440 |
|
|
|
66 |
|
|
|
4 |
|
|
|
486 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses,
June 30, 2015
|
|
$ |
6,598 |
|
|
$ |
5,928 |
|
|
$ |
2,612 |
|
|
$ |
2,118 |
|
|
$ |
98 |
|
|
$ |
150 |
|
|
$ |
17,504 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transactions in the
allowance for loan losses for the six months ended June 30, 2015
were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Commercial, |
|
|
|
|
|
Residential |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Industrial, and |
|
|
Commercial |
|
|
Real |
|
|
|
|
|
Credit |
|
|
|
|
|
|
|
| |
|
Agricultural |
|
|
Mortgages |
|
|
Estate |
|
|
Consumer |
|
|
Cards |
|
|
Overdrafts |
|
|
Total |
|
|
Allowance for loan losses,
January 1, 2015
|
|
$ |
7,114 |
|
|
$ |
5,310 |
|
|
$ |
2,479 |
|
|
$ |
2,205 |
|
|
$ |
71 |
|
|
$ |
194 |
|
|
$ |
17,373 |
|
|
Charge-offs
|
|
|
(139 |
) |
|
|
0 |
|
|
|
(156 |
) |
|
|
(1,000 |
) |
|
|
(86 |
) |
|
|
(105 |
) |
|
|
(1,486 |
) |
|
Recoveries
|
|
|
27 |
|
|
|
50 |
|
|
|
1 |
|
|
|
55 |
|
|
|
5 |
|
|
|
50 |
|
|
|
188 |
|
|
Provision (benefit) for
loan losses
|
|
|
(404 |
) |
|
|
568 |
|
|
|
288 |
|
|
|
858 |
|
|
|
108 |
|
|
|
11 |
|
|
|
1,429 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses,
June 30, 2015
|
|
$ |
6,598 |
|
|
$ |
5,928 |
|
|
$ |
2,612 |
|
|
$ |
2,118 |
|
|
$ |
98 |
|
|
$ |
150 |
|
|
$ |
17,504 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment |
The following table
presents the balance in the allowance for loan losses and the
recorded investment in loans by portfolio segment and is based on
the Corporation’s impairment method as of June 30, 2016 and
December 31, 2015. The recorded investment in loans excludes
accrued interest and unearned discounts due to their
insignificance.
June 30,
2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Commercial,
Industrial, and
Agricultural |
|
|
Commercial
Mortgages |
|
|
Residential
Real
Estate |
|
|
Consumer |
|
|
Credit
Cards |
|
|
Overdrafts |
|
|
Total |
|
|
Allowance for loan
losses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending allowance balance
attributable to loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for
impairment
|
|
$ |
168 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
168 |
|
|
Collectively evaluated for
impairment
|
|
|
4,428 |
|
|
|
4,146 |
|
|
|
2,299 |
|
|
|
2,066 |
|
|
|
50 |
|
|
|
148 |
|
|
|
13,137 |
|
|
Acquired with deteriorated
credit quality
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
Modified in a troubled debt
restructuring
|
|
|
622 |
|
|
|
2,061 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
2,683 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total ending allowance
balance
|
|
$ |
5,218 |
|
|
$ |
6,207 |
|
|
$ |
2,299 |
|
|
$ |
2,066 |
|
|
$ |
50 |
|
|
$ |
148 |
|
|
$ |
15,988 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for
impairment
|
|
$ |
930 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
930 |
|
|
Collectively evaluated for
impairment
|
|
|
485,393 |
|
|
|
484,378 |
|
|
|
591,779 |
|
|
|
76,619 |
|
|
|
5,329 |
|
|
|
407 |
|
|
|
1,643,905 |
|
|
Acquired with deteriorated
credit quality
|
|
|
0 |
|
|
|
670 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
670 |
|
|
Modified in a troubled debt
restructuring
|
|
|
4,515 |
|
|
|
9,571 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
14,086 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total ending loans
balance
|
|
$ |
490,838 |
|
|
$ |
494,619 |
|
|
$ |
591,779 |
|
|
$ |
76,619 |
|
|
$ |
5,329 |
|
|
$ |
407 |
|
|
$ |
1,659,591 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Commercial,
Industrial, and
Agricultural |
|
|
Commercial
Mortgages |
|
|
Residential
Real
Estate |
|
|
Consumer |
|
|
Credit
Cards |
|
|
Overdrafts |
|
|
Total |
|
|
Allowance for loan
losses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending allowance balance
attributable to loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for
impairment
|
|
$ |
239 |
|
|
$ |
0 |
|
|
$ |
39 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
278 |
|
|
Collectively evaluated for
impairment
|
|
|
4,909 |
|
|
|
3,580 |
|
|
|
2,436 |
|
|
|
2,371 |
|
|
|
90 |
|
|
|
161 |
|
|
|
13,547 |
|
|
Acquired with deteriorated
credit quality
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
Modified in a troubled debt
restructuring
|
|
|
887 |
|
|
|
2,025 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
2,912 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total ending allowance
balance
|
|
$ |
6,035 |
|
|
$ |
5,605 |
|
|
$ |
2,475 |
|
|
$ |
2,371 |
|
|
$ |
90 |
|
|
$ |
161 |
|
|
$ |
16,737 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for
impairment
|
|
$ |
1,196 |
|
|
$ |
393 |
|
|
$ |
248 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
1,837 |
|
|
Collectively evaluated for
impairment
|
|
|
469,128 |
|
|
|
437,200 |
|
|
|
573,977 |
|
|
|
78,345 |
|
|
|
5,201 |
|
|
|
1,040 |
|
|
|
1,564,891 |
|
|
Acquired with deteriorated
credit quality
|
|
|
0 |
|
|
|
685 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
685 |
|
|
Modified in a troubled debt
restructuring
|
|
|
5,040 |
|
|
|
9,901 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
14,941 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total ending loans
balance
|
|
$ |
475,364 |
|
|
$ |
448,179 |
|
|
$ |
574,225 |
|
|
$ |
78,345 |
|
|
$ |
5,201 |
|
|
$ |
1,040 |
|
|
$ |
1,582,354 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans Individually Evaluated for Impairment Including Loans Modified in Troubled Debt Restructurings by Portfolio Segment |
The following tables
present information related to loans individually evaluated for
impairment, including loans modified in troubled debt
restructurings, by portfolio segment as of June 30, 2016 and
December 31, 2015 and for the three months ended June 30, 2016 and
2015:
June 30,
2016
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Unpaid Principal
Balance |
|
|
Recorded
Investment |
|
|
Allowance for Loan
Losses Allocated |
|
|
With an allowance
recorded:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial, industrial, and
agricultural
|
|
$ |
3,176 |
|
|
$ |
2,990 |
|
|
$ |
790 |
|
|
Commercial
mortgage
|
|
|
5,870 |
|
|
|
5,144 |
|
|
|
2,061 |
|
|
Residential real
estate
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
With no related allowance
recorded:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial, industrial, and
agricultural
|
|
|
3,394 |
|
|
|
2,455 |
|
|
|
0 |
|
|
Commercial
mortgage
|
|
|
4,427 |
|
|
|
4,427 |
|
|
|
0 |
|
|
Residential real
estate
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
16,867 |
|
|
$ |
15,016 |
|
|
$ |
2,851 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2015
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Unpaid Principal
Balance |
|
|
Recorded
Investment |
|
|
Allowance for Loan
Losses Allocated |
|
|
With an allowance
recorded:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial, industrial, and
agricultural
|
|
$ |
3,448 |
|
|
$ |
3,448 |
|
|
$ |
1,126 |
|
|
Commercial
mortgage
|
|
|
5,985 |
|
|
|
5,343 |
|
|
|
2,025 |
|
|
Residential real
estate
|
|
|
351 |
|
|
|
248 |
|
|
|
39 |
|
|
With no related allowance
recorded:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial, industrial, and
agricultural
|
|
|
3,716 |
|
|
|
2,788 |
|
|
|
0 |
|
|
Commercial
mortgage
|
|
|
5,001 |
|
|
|
4,951 |
|
|
|
0 |
|
|
Residential real
estate
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
18,501 |
|
|
$ |
16,778 |
|
|
$ |
3,190 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Impaired Financing Receivables with Related and not Related Allowances |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended June 30,
2016 |
|
|
Six Months Ended June 30,
2016 |
|
| |
|
Average |
|
|
Interest |
|
|
Cash Basis |
|
|
Average |
|
|
Interest |
|
|
Cash Basis |
|
| |
|
Recorded |
|
|
Income |
|
|
Interest |
|
|
Recorded |
|
|
Income |
|
|
Interest |
|
| |
|
Investment |
|
|
Recognized |
|
|
Recognized |
|
|
Investment |
|
|
Recognized |
|
|
Recognized |
|
|
With an allowance
recorded:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial, industrial, and
agricultural
|
|
$ |
3,150 |
|
|
$ |
2 |
|
|
$ |
2 |
|
|
$ |
3,249 |
|
|
$ |
2 |
|
|
$ |
2 |
|
|
Commercial
mortgage
|
|
|
5,309 |
|
|
|
4 |
|
|
|
4 |
|
|
|
5,320 |
|
|
|
4 |
|
|
|
4 |
|
|
Residential real
estate
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
83 |
|
|
|
6 |
|
|
|
6 |
|
|
With no related allowance
recorded:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial, industrial, and
agricultural
|
|
|
2,525 |
|
|
|
2 |
|
|
|
2 |
|
|
|
2,612 |
|
|
|
2 |
|
|
|
2 |
|
|
Commercial
mortgage
|
|
|
4,458 |
|
|
|
3 |
|
|
|
3 |
|
|
|
4,622 |
|
|
|
3 |
|
|
|
3 |
|
|
Residential real
estate
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
15,442 |
|
|
$ |
11 |
|
|
$ |
11 |
|
|
$ |
15,886 |
|
|
$ |
17 |
|
|
$ |
17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended June 30,
2015 |
|
|
Six Months Ended June 30,
2015 |
|
| |
|
Average |
|
|
Interest |
|
|
Cash Basis |
|
|
Average |
|
|
Interest |
|
|
Cash Basis |
|
| |
|
Recorded |
|
|
Income |
|
|
Interest |
|
|
Recorded |
|
|
Income |
|
|
Interest |
|
| |
|
Investment |
|
|
Recognized |
|
|
Recognized |
|
|
Investment |
|
|
Recognized |
|
|
Recognized |
|
|
With an allowance
recorded:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial, industrial, and
agricultural
|
|
$ |
6,315 |
|
|
$ |
7 |
|
|
$ |
7 |
|
|
$ |
6,071 |
|
|
$ |
42 |
|
|
$ |
42 |
|
|
Commercial
mortgage
|
|
|
9,646 |
|
|
|
0 |
|
|
|
0 |
|
|
|
9,617 |
|
|
|
0 |
|
|
|
0 |
|
|
Residential real
estate
|
|
|
400 |
|
|
|
11 |
|
|
|
11 |
|
|
|
400 |
|
|
|
13 |
|
|
|
13 |
|
|
With no related allowance
recorded:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial, industrial, and
agricultural
|
|
|
1,689 |
|
|
|
2 |
|
|
|
2 |
|
|
|
1,631 |
|
|
|
12 |
|
|
|
12 |
|
|
Commercial
mortgage
|
|
|
4,719 |
|
|
|
0 |
|
|
|
0 |
|
|
|
4,854 |
|
|
|
0 |
|
|
|
0 |
|
|
Residential real
estate
|
|
|
129 |
|
|
|
4 |
|
|
|
4 |
|
|
|
129 |
|
|
|
6 |
|
|
|
6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
22,898 |
|
|
$ |
24 |
|
|
$ |
24 |
|
|
$ |
22,702 |
|
|
$ |
73 |
|
|
$ |
73 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Nonaccrual Loans and Loans Past Due over 90 Days Still Accruing Interest by Class of Loans |
The following table
presents the recorded investment in nonaccrual loans and loans past
due over 90 days still accruing interest by class of loans as of
June 30, 2016 and December 31, 2015:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
June 30, 2016 |
|
|
December 31,
2015 |
|
| |
|
Nonaccrual |
|
|
Past Due
Over 90
Days
Still on Accrual |
|
|
Nonaccrual |
|
|
Past Due
Over 90
Days
Still on Accrual |
|
|
Commercial, industrial, and
agricultural
|
|
$ |
3,471 |
|
|
$ |
107 |
|
|
$ |
3,560 |
|
|
$ |
3 |
|
|
Commercial
mortgages
|
|
|
3,433 |
|
|
|
0 |
|
|
|
3,651 |
|
|
|
0 |
|
|
Residential real
estate
|
|
|
3,981 |
|
|
|
37 |
|
|
|
3,671 |
|
|
|
87 |
|
|
Consumer
|
|
|
1,113 |
|
|
|
2 |
|
|
|
1,277 |
|
|
|
15 |
|
|
Credit cards
|
|
|
0 |
|
|
|
16 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
11,998 |
|
|
$ |
162 |
|
|
$ |
12,159 |
|
|
$ |
105 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Aging of Recorded Investment in Past Due Loans |
The following table
presents the aging of the recorded investment in past due loans as
of June 30, 2016 and December 31, 2015 by class of
loans.
June 30,
2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
30-59 Days
Past Due |
|
|
60-89 Days
Past Due |
|
|
Greater Than
90 Days
Past
Due |
|
|
Total
Past Due |
|
|
Loans Not
Past Due |
|
|
Total |
|
|
Commercial, industrial, and
agricultural
|
|
$ |
1,000 |
|
|
$ |
775 |
|
|
$ |
1,013 |
|
|
$ |
2,788 |
|
|
$ |
488,050 |
|
|
$ |
490,838 |
|
|
Commercial
mortgages
|
|
|
477 |
|
|
|
0 |
|
|
|
3,319 |
|
|
|
3,796 |
|
|
|
490,823 |
|
|
|
494,619 |
|
|
Residential real
estate
|
|
|
2,480 |
|
|
|
1,130 |
|
|
|
3,290 |
|
|
|
6,900 |
|
|
|
584,879 |
|
|
|
591,779 |
|
|
Consumer
|
|
|
365 |
|
|
|
238 |
|
|
|
1,088 |
|
|
|
1,691 |
|
|
|
74,928 |
|
|
|
76,619 |
|
|
Credit cards
|
|
|
39 |
|
|
|
40 |
|
|
|
16 |
|
|
|
95 |
|
|
|
5,234 |
|
|
|
5,329 |
|
|
Overdrafts
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
407 |
|
|
|
407 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
4,361 |
|
|
$ |
2,183 |
|
|
$ |
8,726 |
|
|
$ |
15,270 |
|
|
$ |
1,644,321 |
|
|
$ |
1,659,591 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
30-59 Days
Past Due |
|
|
60-89 Days
Past Due |
|
|
Greater Than
90 Days
Past
Due |
|
|
Total
Past Due |
|
|
Loans Not
Past Due |
|
|
Total |
|
|
Commercial, industrial, and
agricultural
|
|
$ |
131 |
|
|
$ |
622 |
|
|
$ |
698 |
|
|
$ |
1,451 |
|
|
$ |
473,913 |
|
|
$ |
475,364 |
|
|
Commercial
mortgages
|
|
|
7 |
|
|
|
343 |
|
|
|
3,651 |
|
|
|
4,001 |
|
|
|
444,178 |
|
|
|
448,179 |
|
|
Residential real
estate
|
|
|
2,834 |
|
|
|
378 |
|
|
|
3,001 |
|
|
|
6,213 |
|
|
|
568,012 |
|
|
|
574,225 |
|
|
Consumer
|
|
|
216 |
|
|
|
179 |
|
|
|
1,292 |
|
|
|
1,687 |
|
|
|
76,658 |
|
|
|
78,345 |
|
|
Credit cards
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
5,201 |
|
|
|
5,201 |
|
|
Overdrafts
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,040 |
|
|
|
1,040 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
3,188 |
|
|
$ |
1,522 |
|
|
$ |
8,642 |
|
|
$ |
13,352 |
|
|
$ |
1,569,002 |
|
|
$ |
1,582,354 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Restructured in Troubled Debt |
The following table
presents the number of loans, loan balances, and specific reserves
for loans that have been restructured in a troubled debt
restructuring as of June 30, 2016 and December 31, 2015.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
June 30, 2016 |
|
|
December 31,
2015 |
|
| |
|
Number of
Loans |
|
|
Loan
Balance |
|
|
Specific
Reserve |
|
|
Number of
Loans |
|
|
Loan
Balance |
|
|
Specific
Reserve |
|
|
Commercial, industrial, and
agricultural
|
|
|
7 |
|
|
$ |
4,515 |
|
|
$ |
622 |
|
|
|
8 |
|
|
$ |
5,040 |
|
|
$ |
887 |
|
|
Commercial
mortgages
|
|
|
8 |
|
|
|
9,571 |
|
|
|
2,061 |
|
|
|
8 |
|
|
|
9,901 |
|
|
|
2,025 |
|
|
Residential real
estate
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
Consumer
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
Credit cards
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
15 |
|
|
$ |
14,086 |
|
|
$ |
2,683 |
|
|
|
16 |
|
|
$ |
14,941 |
|
|
$ |
2,912 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Loan Assigned Risk Rating within 12 Months of Balance Sheet Date |
All loans included in the
following tables have been assigned a risk rating within 12 months
of the balance sheet date.
June 30,
2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Pass |
|
|
Special
Mention |
|
|
Substandard |
|
|
Doubtful |
|
|
Total |
|
|
Commercial, industrial, and
agricultural
|
|
$ |
448,340 |
|
|
$ |
22,860 |
|
|
$ |
19,408 |
|
|
$ |
230 |
|
|
$ |
490,838 |
|
|
Commercial
mortgages
|
|
|
473,054 |
|
|
|
3,393 |
|
|
|
17,752 |
|
|
|
420 |
|
|
|
494,619 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
921,394 |
|
|
$ |
26,253 |
|
|
$ |
37,160 |
|
|
$ |
650 |
|
|
$ |
985,457 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Pass |
|
|
Special
Mention |
|
|
Substandard |
|
|
Doubtful |
|
|
Total |
|
|
Commercial, industrial, and
agricultural
|
|
$ |
447,449 |
|
|
$ |
4,749 |
|
|
$ |
22,943 |
|
|
$ |
223 |
|
|
$ |
475,364 |
|
|
Commercial
mortgages
|
|
|
426,870 |
|
|
|
1,735 |
|
|
|
19,148 |
|
|
|
426 |
|
|
|
448,179 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
874,319 |
|
|
$ |
6,484 |
|
|
$ |
42,091 |
|
|
$ |
649 |
|
|
$ |
923,543 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Recorded Investment in Residential, Consumer and Credit Card Loans Based on Payment Activity |
The following table
presents the recorded investment in residential, consumer, and
credit card loans based on payment activity as of June 30, 2016 and
December 31, 2015:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
June 30, 2016 |
|
|
December 31,
2015 |
|
| |
|
Residential |
|
|
|
|
|
Credit |
|
|
Residential |
|
|
|
|
|
Credit |
|
| |
|
Real Estate |
|
|
Consumer |
|
|
Cards |
|
|
Real Estate |
|
|
Consumer |
|
|
Cards |
|
|
Performing
|
|
$ |
587,761 |
|
|
$ |
75,504 |
|
|
$ |
5,313 |
|
|
$ |
570,467 |
|
|
$ |
77,053 |
|
|
$ |
5,201 |
|
|
Non-performing
|
|
|
4,018 |
|
|
|
1,115 |
|
|
|
16 |
|
|
|
3,758 |
|
|
|
1,292 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
591,779 |
|
|
$ |
76,619 |
|
|
$ |
5,329 |
|
|
$ |
574,225 |
|
|
$ |
78,345 |
|
|
$ |
5,201 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Summary of Holiday's Loan Portfolio |
Holiday’s loan
portfolio is summarized as follows at June 30, 2016 and December
31, 2015:
|
|
|
|
|
|
|
|
|
| |
|
June 30, |
|
|
December 31, |
|
| |
|
2016 |
|
|
2015 |
|
|
Consumer
|
|
$ |
25,956 |
|
|
$ |
30,001 |
|
|
Residential real
estate
|
|
|
1,166 |
|
|
|
1,263 |
|
|
Less: unearned
discount
|
|
|
(3,747 |
) |
|
|
(4,556 |
) |
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
23,375 |
|
|
$ |
26,708 |
|
|
|
|
|
|
|
|
|
|
|