Loans (Tables)

3 Months Ended

Mar. 31, 2017

Receivables [Abstract]

Summary of Loans

The following is a summary of loans:

(Dollars in thousands)	March 31, 2017				December 31, 2016
	Amount		%		Amount		%
Commercial:
Mortgages (1)		$1,076,648	33	%		$1,074,186	33	%
Construction & development (2)	123,841		4		121,371		4
Commercial & industrial (3)	562,010		18		576,109		18
Total commercial	1,762,499		55		1,771,666		55
Residential real estate:
Mortgages	1,100,435		34		1,094,824		34
Homeowner construction	30,775		1		27,924		1
Total residential real estate	1,131,210		35		1,122,748		35
Consumer:
Home equity lines	258,695		8		264,200		8
Home equity loans	36,050		1		37,272		1
Other (4)	36,406		1		38,485		1
Total consumer	331,151		10		339,957		10
Total loans (5)		$3,224,860	100	%		$3,234,371	100	%

(1) Loans primarily secured by income producing property.

(2) Loans for construction of commercial properties, loans to developers for construction of residential properties and loans for land development.

(3) Loans to businesses and individuals, a substantial portion of which are fully or partially collateralized by real estate.

(4) Loans to individuals secured by general aviation aircraft and other personal installment loans.

(5) Includes net unamortized loan origination costs of $3.2 million and $3.0 million, respectively, at March 31, 2017 and December 31, 2016 and net unamortized premiums on purchased loans of $907 thousand and $783 thousand, respectively, at March 31, 2017 and December 31,2016.

Nonaccrual Loans

The following is a summary of nonaccrual loans, segregated by class of loans:

(Dollars in thousands)	Mar 31, 2017		Dec 31, 2016
Commercial:
Mortgages		$7,809		$7,811
Construction & development	—		—
Commercial & industrial	1,129		1,337
Residential real estate:
Mortgages	12,253		11,736
Homeowner construction	—		—
Consumer:
Home equity lines	91		—
Home equity loans	730		1,058
Other	115		116
Total nonaccrual loans		$22,127		$22,058
Accruing loans 90 days or more past due		$—		$—

Past Due Loans

Past due status is based on the contractual payment terms of the loan. The following tables present an age analysis of past due loans, segregated by class of loans:

(Dollars in thousands)	Days Past Due
March 31, 2017	30-59		60-89		Over 90		Total Past Due		Current		Total Loans
Commercial:
Mortgages		$—		$—		$7,806		$7,806		$1,068,842		$1,076,648
Construction & development	—		—		—		—		123,841		123,841
Commercial & industrial	7		—		1,039		1,046		560,964		562,010
Residential real estate:
Mortgages	1,826		1,515		7,192		10,533		1,089,902		1,100,435
Homeowner construction	—		—		—		—		30,775		30,775
Consumer:
Home equity lines	517		—		—		517		258,178		258,695
Home equity loans	423		102		380		905		35,145		36,050
Other	14		—		111		125		36,281		36,406
Total loans		$2,787		$1,617		$16,528		$20,932		$3,203,928		$3,224,860

(Dollars in thousands)	Days Past Due
December 31, 2016	30-59		60-89		Over 90		Total Past Due		Current		Total Loans
Commercial:
Mortgages		$901		$—		$7,807		$8,708		$1,065,478		$1,074,186
Construction & development	—		—		—		—		121,371		121,371
Commercial & industrial	409		—		745		1,154		574,955		576,109
Residential real estate:
Mortgages	5,381		652		6,193		12,226		1,082,598		1,094,824
Homeowner construction	—		—		—		—		27,924		27,924
Consumer:
Home equity lines	655		26		—		681		263,519		264,200
Home equity loans	776		76		658		1,510		35,762		37,272
Other	32		1		110		143		38,342		38,485
Total loans		$8,154		$755		$15,513		$24,422		$3,209,949		$3,234,371

Impaired Loans

The following is a summary of impaired loans:

(Dollars in thousands)	Recorded Investment (1)				Unpaid Principal				Related Allowance
	Mar 31, 2017		Dec 31, 2016		Mar 31, 2017		Dec 31, 2016		Mar 31, 2017		Dec 31, 2016
No Related Allowance Recorded:
Commercial:
Mortgages		$4,673		$4,676		$9,014		$9,019		$—		$—
Construction & development	—		—		—		—		—		—
Commercial & industrial	5,618		6,458		5,758		6,550		—		—
Residential real estate:
Mortgages	14,953		14,385		15,092		14,569		—		—
Homeowner construction	—		—		—		—		—		—
Consumer:
Home equity lines	91		—		91		—		—		—
Home equity loans	730		1,137		752		1,177		—		—
Other	—		116		—		116		—		—
Subtotal	26,065		26,772		30,707		31,431		—		—
With Related Allowance Recorded:
Commercial:
Mortgages		$5,106		$5,104		$6,089		$6,087		$461		$448
Construction & development	—		—		—		—		—		—
Commercial & industrial	1,266		662		1,325		699		201		3
Residential real estate:
Mortgages	1,232		1,285		1,258		1,310		183		151
Homeowner construction	—		—		—		—		—		—
Consumer:
Home equity lines	—		—		—		—		—		—
Home equity loans	—		—		—		—		—		—
Other	143		28		143		29		16		4
Subtotal	7,747		7,079		8,815		8,125		861		606
Total impaired loans		$33,812		$33,851		$39,522		$39,556		$861		$606
Total:
Commercial		$16,663		$16,900		$22,186		$22,355		$662		$451
Residential real estate	16,185		15,670		16,350		15,879		183		151
Consumer	964		1,281		986		1,322		16		4
Total impaired loans		$33,812		$33,851		$39,522		$39,556		$861		$606

(1) The recorded investment in impaired loans consists of unpaid principal balance, net of charge-offs, interest payments received applied to principal and unamortized deferred loan origination fees and costs. For impaired accruing loans (troubled debt restructurings for which management has concluded that the collectibility of the loan is not in doubt), the recorded investment also includes accrued interest.

The following tables present the average recorded investment balance of impaired loans and interest income recognized on impaired loans segregated by loan class.

(Dollars in thousands)	Average Recorded Investment				Interest Income Recognized
Three months ended March 31,	2017		2016		2017		2016
Commercial:
Mortgages		$9,780		$14,740		$26		$93
Construction & development	—		—		—		—
Commercial & industrial	6,965		3,800		76		11
Residential real estate:
Mortgages	16,240		11,069		122		69
Homeowner construction	—		—		—		—
Consumer:
Home equity lines	76		671		2		2
Home equity loans	893		1,175		8		13
Other	143		145		4		2
Totals		$34,097		$31,600		$238		$190

Credit Quality Indicators - Commercial

The following table presents the commercial loan portfolio, segregated by category of credit quality indicator:

(Dollars in thousands)	Pass				Special Mention				Classified
	Mar 31, 2017		Dec 31, 2016		Mar 31, 2017		Dec 31, 2016		Mar 31, 2017		Dec 31, 2016
Commercial:
Mortgages		$1,067,829		$1,065,358		$776		$776		$8,043		$8,052
Construction & development	123,841		121,371		—		—		—		—
Commercial & industrial	545,494		559,416		9,230		8,938		7,286		7,755
Total commercial loans		$1,737,164		$1,746,145		$10,006		$9,714		$15,329		$15,807

Credit Quality Indicators Residential & Consumer

The following table presents the residential and consumer loan portfolios, segregated by category of credit quality indicator:

(Dollars in thousands)	Current and Under 90 Days Past Due				Over 90 Days Past Due
	Mar 31, 2017		Dec 31, 2016		Mar 31, 2017		Dec 31, 2016
Residential real estate:
Accruing mortgages		$1,088,182		$1,083,088		$—		$—
Nonaccrual mortgages	5,061		5,543		7,192		6,193
Homeowner construction	30,775		27,924		—		—
Total residential loans		$1,124,018		$1,116,555		$7,192		$6,193
Consumer:
Home equity lines		$258,695		$264,200		$—		$—
Home equity loans	35,670		36,614		380		658
Other	36,295		38,375		111		110
Total consumer loans		$330,660		$339,189		$491		$768