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Allowance for Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2015
Receivables [Abstract]  
Allowance for Loan Losses Rollforward Analysis
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

The following table presents the activity in the allowance for loan losses for three months ended March 31, 2015:
(Dollars in thousands)
Commercial
 
 
 
 
 
 
 
 
 
 
 
Mortgages
 
Construction
 
C&I (1)
 
Total Commercial
 
Residential
 
Consumer
 
Un-allocated
 
Total
Beginning Balance

$8,202

 

$1,300

 

$7,987

 

$17,489

 

$5,430

 

$2,713

 

$2,391

 

$28,023

Charge-offs
(200
)
 
—

 
(7
)
 
(207
)
 
(48
)
 
(66
)
 
—

 
(321
)
Recoveries
80

 
—

 
14

 
94

 
2

 
12

 
—

 
108

Provision
249

 
(71
)
 
(191
)
 
(13
)
 
(29
)
 
72

 
(30
)
 
—

Ending Balance

$8,331

 

$1,229

 

$7,803

 

$17,363

 

$5,355

 

$2,731

 

$2,361

 

$27,810

(1) Commercial & industrial loans.

The following table presents the activity in the allowance for loan losses for three months ended March 31, 2014. Prior to December 31, 2014, the unallocated allowance included amounts for management’s qualitative and quantitative assessment of certain other loan portfolio risks not captured in other components of the allowance. The 2014 presentation of the allowance for loan losses by portfolio segment, set forth below, has been revised to conform to the December 31, 2014 presentation format. The reclassification resulted in a reduction of $5.3 million in the unallocated allowance previously reported as of March 31, 2014, with a corresponding increase to the allowance by portfolio segment. The reclassification resulted in no change in the total allowance.
(Dollars in thousands)
Commercial
 
 
 
 
 
 
 
 
 
 
 
Mortgages
 
Construction
 
C&I (1)
 
Total Commercial
 
Residential
 
Consumer
 
Un-allocated
 
Total
Beginning Balance

$8,022

 

$383

 

$7,835

 

$16,240

 

$6,450

 

$2,511

 

$2,685

 

$27,886

Charge-offs
(945
)
 
—

 
(196
)
 
(1,141
)
 
(42
)
 
(40
)
 
—

 
(1,223
)
Recoveries
6

 
—

 
26

 
32

 
35

 
13

 
—

 
80

Provision
(536
)
 
(114
)
 
805

 
155

 
705

 
93

 
(653
)
 
300

Ending Balance

$6,547

 

$269

 

$8,470

 

$15,286

 

$7,148

 

$2,577

 

$2,032

 

$27,043


(1) Commercial & industrial loans.
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 by impairment methodology:
(Dollars in thousands)
March 31, 2015
 
December 31, 2014
 
Loans
 
Related Allowance
 
Loans
 
Related Allowance
Loans Individually Evaluated for Impairment:
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
Mortgages

$14,563

 

$1,173

 

$14,991

 

$927

Construction & development
—

 
—

 
—

 
—

Commercial & industrial
3,074

 
185

 
2,921

 
177

Residential real estate
2,912

 
222

 
3,698

 
326

Consumer
467

 
77

 
409

 
153

Subtotal

$21,016

 

$1,657

 

$22,019

 

$1,583

Loans Collectively Evaluated for Impairment:
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
Mortgages

$850,479

 

$7,158

 

$828,987

 

$7,275

Construction & development
89,851

 
1,229

 
79,592

 
1,300

Commercial & industrial
601,556

 
7,618

 
608,997

 
7,810

Residential real estate
984,652

 
5,133

 
981,717

 
5,104

Consumer
333,038

 
2,654

 
337,964

 
2,560

Subtotal

$2,859,576

 

$23,792

 

$2,837,257

 

$24,049

Unallocated
—

 
2,361

 
—

 
2,391

Total

$2,880,592

 

$27,810

 

$2,859,276

 

$28,023