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Allowance for Loan Losses and Reserve for Unfunded Lending Commitments
 6 Months Ended
Jun. 30, 2014
Allowance for Loan Losses and Reserve for Unfunded Lending Commitments [Abstract]  
Allowance for Loan Losses and Reserve for Unfunded Lending Commitments
(in thousands)
 
Six Months Ended
June 30, 2014
  
Year Ended
December 31, 2013
  
Six Months Ended
June 30, 2013
 
 
 
  
  
 
Allowance for Loan Losses
 
  
  
 
Balance, beginning of period
 
$
12,600
  
$
12,118
  
$
12,118
 
Provision for loan losses
  
150
   
294
   
294
 
Charge-offs
  
(168
)
  
(837
)
  
(467
)
Recoveries
  
181
   
1,025
   
731
 
Balance, end of period
 
$
12,763
  
$
12,600
  
$
12,676
 
 
            
Reserve for Unfunded Lending Commitments
            
Balance, beginning of period
 
$
210
  
$
201
  
$
201
 
Provision for (recovery of) loan losses
  
(51
)
  
9
   
2
 
Charge-offs
  
-
   
-
   
-
 
Balance, end of period
 
$
159
  
$
210
  
$
203
 

The following table presents the Company's allowance for loan losses by portfolio segment and the related loan balance total by segment at June 30, 2014.

 
 
Commercial
  
Commercial
Real Estate
  
Residential
Real Estate
  
Consumer
  
Unallocated
  
Total
 
(in thousands)
 
  
  
  
  
  
 
 
 
  
  
  
  
  
 
Allowance for Loan Losses
 
  
  
  
  
  
 
Balance as of December 31, 2013
 
$
1,810
  
$
6,819
  
$
3,690
  
$
99
  
$
182
  
$
12,600
 
Charge-offs
  
(78
)
  
-
   
(58
)
  
(32
)
  
-
   
(168
)
Recoveries
  
36
   
31
   
74
   
40
   
-
   
181
 
Provision for loan losses
  
96
   
222
   
58
   
(44
)
  
(182
)
  
150
 
Balance as of June 30, 2014
 
$
1,864
  
$
7,072
  
$
3,764
  
$
63
  
$
-
  
$
12,763
 
 
                        
Balance as of June 30, 2014:
                        
 
                        
Allowance for Loan Losses
                        
Individually evaluated for impairment
 
$
-
  
$
638
  
$
1
  
$
3
  
$
-
  
$
642
 
Collectively evaluated for impairment
  
1,859
   
6,181
   
3,533
   
60
   
-
   
11,633
 
Loans acquired with deteriorated credit quality
  
5
   
253
   
230
   
-
   
-
   
488
 
Total
 
$
1,864
  
$
7,072
  
$
3,764
  
$
63
  
$
-
  
$
12,763
 
 
                        
Loans
                        
Individually evaluated for impairment
 
$
24
  
$
4,107
  
$
1,318
  
$
22
  
$
-
  
$
5,471
 
Collectively evaluated for impairment
  
125,039
   
405,157
   
256,836
   
5,182
   
-
   
792,214
 
Loans acquired with deteriorated credit quality
  
100
   
8,314
   
6,958
   
-
   
-
   
15,372
 
Total
 
$
125,163
  
$
417,578
  
$
265,112
  
$
5,204
  
$
-
  
$
813,057
 

The following table presents the Company's allowance for loan losses by portfolio segment and the related loan balance total by segment at December 31, 2013.

 
 
Commercial
  
Commercial
Real Estate
  
Residential
Real Estate
  
Consumer
  
Unallocated
  
Total
 
(in thousands)
 
  
  
  
  
  
 
 
 
  
  
  
  
  
 
Allowance for Loan Losses
 
  
  
  
  
  
 
Balance as of December 31, 2012
 
$
1,450
  
$
6,822
  
$
3,638
  
$
208
  
$
-
  
$
12,118
 
Charge-offs
  
(129
)
  
(164
)
  
(369
)
  
(175
)
  
-
   
(837
)
Recoveries
  
335
   
323
   
244
   
123
   
-
   
1,025
 
Provision for loan losses
  
154
   
(162
)
  
177
   
(57
)
  
182
   
294
 
Balance as of December 31, 2013
 
$
1,810
  
$
6,819
  
$
3,690
  
$
99
  
$
182
  
$
12,600
 
 
                        
Balance as of December 31, 2013:
                        
 
                        
Allowance for Loan Losses
                        
Individually evaluated for impairment
 
$
-
  
$
556
  
$
-
  
$
3
  
$
-
  
$
559
 
Collectively evaluated for impairment
  
1,810
   
6,039
   
3,483
   
96
   
182
   
11,610
 
Loans acquired with deteriorated credit quality
  
-
   
224
   
207
   
-
   
-
   
431
 
Total
 
$
1,810
  
$
6,819
  
$
3,690
  
$
99
  
$
182
  
$
12,600
 
 
                        
Loans
                        
Individually evaluated for impairment
 
$
19
  
$
4,688
  
$
1,304
  
$
18
  
$
-
  
$
6,029
 
Collectively evaluated for impairment
  
122,424
   
392,720
   
250,906
   
5,948
   
-
   
771,998
 
Loans acquired with deteriorated credit quality
  
110
   
9,030
   
7,504
   
-
   
-
   
16,644
 
Total
 
$
122,553
  
$
406,438
  
$
259,714
  
$
5,966
  
$
-
  
$
794,671
 
 
17
            The allowance for loan losses is allocated to loan segments based upon historical loss factors, risk grades on individual loans, portfolio analyses of smaller balance, homogenous loans, and qualitative factors.  Qualitative factors include trends in delinquencies, nonaccrual loans, and loss rates; trends in volume and terms of loans, effects of changes in risk selection, underwriting standards, and lending policies; experience of lending officers and other lending staff; national, regional, and local economic trends and conditions; legal, regulatory and collateral factors; and concentrations of credit.