| Allowance for Loan Losses Rollforward Analysis |
The following is an analysis of activity in the allowance for loan losses for the three months ended September 30, 2012: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | Commercial | | | | | | | | | | | | Mortgages | | Construction | | Other | | Total Commercial | | Residential | | Consumer | | Un-allocated | | Total | Beginning Balance |
| $8,945 |
| |
| $164 |
| |
| $6,239 |
| |
| $15,348 |
| |
| $4,713 |
| |
| $2,381 |
| |
| $8,006 |
| |
| $30,448 |
| Charge-offs | (258 | ) | | — |
| | (15 | ) | | (273 | ) | | (65 | ) | | (86 | ) | | — |
| | (424 | ) | Recoveries | 46 |
| | — |
| | 37 |
| | 83 |
| | 24 |
| | 21 |
| | — |
| | 128 |
| Provision | 520 |
| | 54 |
| | 245 |
| | 819 |
| | (408 | ) | | 323 |
| | (134 | ) | | 600 |
| Ending Balance |
| $9,253 |
| |
| $218 |
| |
| $6,506 |
| |
| $15,977 |
| |
| $4,264 |
| |
| $2,639 |
| |
| $7,872 |
| |
| $30,752 |
|
The following is an analysis of activity in the allowance for loan losses for the three months ended September 30, 2011: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | Commercial | | | | | | | | | | | | Mortgages | | Construction | | Other | | Total Commercial | | Residential | | Consumer | | Un-allocated | | Total | Beginning Balance |
| $7,374 |
| |
| $217 |
| |
| $6,993 |
| |
| $14,584 |
| |
| $4,471 |
| |
| $2,152 |
| |
| $8,146 |
| |
| $29,353 |
| Charge-offs | (250 | ) | | — |
| | (378 | ) | | (628 | ) | | (103 | ) | | (87 | ) | | — |
| | (818 | ) | Recoveries | 1 |
| | — |
| | 92 |
| | 93 |
| | 3 |
| | 10 |
| | — |
| | 106 |
| Provision | 478 |
| | (34 | ) | | (171 | ) | | 273 |
| | 484 |
| | 315 |
| | (72 | ) | | 1,000 |
| Ending Balance |
| $7,603 |
| |
| $183 |
| |
| $6,536 |
| |
| $14,322 |
| |
| $4,855 |
| |
| $2,390 |
| |
| $8,074 |
| |
| $29,641 |
|
The following is an analysis of activity in the allowance for loan losses for the nine months ended September 30, 2012: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | Commercial | | | | | | | | | | | | Mortgages | | Construction | | Other | | Total Commercial | | Residential | | Consumer | | Un-allocated | | Total | Beginning Balance |
| $8,195 |
| |
| $95 |
| |
| $6,200 |
| |
| $14,490 |
| |
| $4,694 |
| |
| $2,452 |
| |
| $8,166 |
| |
| $29,802 |
| Charge-offs | (267 | ) | | — |
| | (925 | ) | | (1,192 | ) | | (315 | ) | | (294 | ) | | — |
| | (1,801 | ) | Recoveries | 436 |
| | — |
| | 74 |
| | 510 |
| | 97 |
| | 44 |
| | — |
| | 651 |
| Provision | 889 |
| | 123 |
| | 1,157 |
| | 2,169 |
| | (212 | ) | | 437 |
| | (294 | ) | | 2,100 |
| Ending Balance |
| $9,253 |
| |
| $218 |
| |
| $6,506 |
| |
| $15,977 |
| |
| $4,264 |
| |
| $2,639 |
| |
| $7,872 |
| |
| $30,752 |
|
The following is an analysis of activity in the allowance for loan losses for the nine months ended September 30, 2011: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | Commercial | | | | | | | | | | | | Mortgages | | Construction | | Other | | Total Commercial | | Residential | | Consumer | | Un-allocated | | Total | Beginning Balance |
| $7,330 |
| |
| $723 |
| |
| $6,495 |
| |
| $14,548 |
| |
| $4,129 |
| |
| $1,903 |
| |
| $8,003 |
| |
| $28,583 |
| Charge-offs | (709 | ) | | — |
| | (1,573 | ) | | (2,282 | ) | | (368 | ) | | (264 | ) | | — |
| | (2,914 | ) | Recoveries | 5 |
| | — |
| | 238 |
| | 243 |
| | 4 |
| | 25 |
| | — |
| | 272 |
| Provision | 977 |
| | (540 | ) | | 1,376 |
| | 1,813 |
| | 1,090 |
| | 726 |
| | 71 |
| | 3,700 |
| Ending Balance |
| $7,603 |
| |
| $183 |
| |
| $6,536 |
| |
| $14,322 |
| |
| $4,855 |
| |
| $2,390 |
| |
| $8,074 |
| |
| $29,641 |
|
|
| Schedule of Allowance for Loan Loss by Segment & Impairment Methodology |
The following table presents the Corporation’s loan portfolio and associated allowance for loan loss by portfolio segment and disaggregated on the basis of the Corporation’s impairment methodology. | | | | | | | | | | | | | | | | | (Dollars in thousands) | September 30, 2012 | | December 31, 2011 | | Loans | | Related Allowance | | Loans | | Related Allowance | Loans Individually Evaluated for Impairment: | | | | | | | | Commercial: | | | | | | | | Mortgages |
| $15,087 |
| |
| $939 |
| |
| $12,099 |
| |
| $329 |
| Construction & development | — |
| | — |
| | — |
| | — |
| Other | 10,082 |
| | 571 |
| | 10,334 |
| | 839 |
| Residential real estate mortgages | 4,350 |
| | 510 |
| | 5,988 |
| | 495 |
| Consumer | 472 |
| | 3 |
| | 612 |
| | 152 |
| Subtotal |
| $29,991 |
| |
| $2,023 |
| |
| $29,033 |
| |
| $1,815 |
| Loans Collectively Evaluated for Impairment: | | | | | | | | Commercial: | | | | | | | | Mortgages |
| $678,134 |
| |
| $8,314 |
| |
| $612,714 |
| |
| $7,866 |
| Construction & development | 25,132 |
| | 218 |
| | 10,955 |
| | 95 |
| Other | 490,892 |
| | 5,935 |
| | 478,526 |
| | 5,361 |
| Residential real estate mortgages | 711,062 |
| | 3,754 |
| | 694,426 |
| | 4,199 |
| Consumer | 321,486 |
| | 2,636 |
| | 321,505 |
| | 2,300 |
| Subtotal |
| $2,226,706 |
| |
| $20,857 |
| |
| $2,118,126 |
| |
| $19,821 |
| Unallocated | — |
| | 7,872 |
| | — |
| | 8,166 |
| Total |
| $2,256,697 |
| |
| $30,752 |
| |
| $2,147,159 |
| |
| $29,802 |
|
|