XML 83 R36.htm IDEA: XBRL DOCUMENT v2.4.1.9
Loans and Allowance for Loan Losses (Tables)
12 Months Ended
Dec. 31, 2014
Receivables [Abstract]  
Schedule of Loans Outstanding by Category

The following is a schedule of loans outstanding by category:

 

 

 

December 31,

 

 

 

2014

 

 

2013

 

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

 

 

(Dollars in thousands)

 

Commercial and financial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

745,106

 

 

 

19.30

%

 

$

605,672

 

 

 

17.88

%

Oil & gas production and equipment

 

 

104,940

 

 

 

2.72

 

 

 

96,907

 

 

 

2.86

 

Agriculture

 

 

132,830

 

 

 

3.44

 

 

 

111,323

 

 

 

3.29

 

State and political subdivisions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxable

 

 

20,431

 

 

 

0.53

 

 

 

10,217

 

 

 

0.30

 

Tax-exempt

 

 

20,952

 

 

 

0.54

 

 

 

11,073

 

 

 

0.33

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

 

356,621

 

 

 

9.24

 

 

 

284,808

 

 

 

8.41

 

Farmland

 

 

149,507

 

 

 

3.87

 

 

 

132,512

 

 

 

3.91

 

One to four family residences

 

 

775,795

 

 

 

20.09

 

 

 

703,903

 

 

 

20.78

 

Multifamily residential properties

 

 

66,766

 

 

 

1.73

 

 

 

60,080

 

 

 

1.77

 

Commercial

 

 

1,191,477

 

 

 

30.86

 

 

 

1,097,484

 

 

 

32.40

 

Consumer

 

 

267,179

 

 

 

6.92

 

 

 

250,588

 

 

 

7.40

 

Other (not classified above)

 

 

29,227

 

 

 

0.76

 

 

 

22,579

 

 

 

0.67

 

Total loans

 

$

3,860,831

 

 

 

100.00

%

 

$

3,387,146

 

 

 

100.00

%

Loans held for sale (included above)

 

$

9,433

 

 

 

 

 

 

$

6,469

 

 

 

 

 

 

Summary of Nonperforming and Restructured Assets

The following is a summary of nonperforming and restructured assets:

 

 

 

December 31,

 

 

 

2014

 

 

2013

 

 

 

(Dollars in thousands)

 

Past due 90 days or more and still accruing

 

$

1,135

 

 

$

1,179

 

Nonaccrual

 

 

16,410

 

 

 

14,390

 

Restructured

 

 

16,515

 

 

 

17,624

 

Total nonperforming and restructured loans

 

 

34,060

 

 

 

33,193

 

Other real estate owned and repossessed assets

 

 

8,079

 

 

 

8,386

 

Total nonperforming and restructured assets

 

$

42,139

 

 

$

41,579

 

Nonperforming and restructured loans to total loans

 

 

0.88

%

 

 

0.98

%

Nonperforming and restructured assets to total assets

 

 

0.64

%

 

 

0.69

%

 

Summary of Amounts Included in Nonaccrual Loans Segregated by Class of Loans

Loans are segregated into classes based upon the nature of the collateral and the borrower. These classes are used to estimate the allowance for loan losses. The following table is a summary of amounts included in nonaccrual loans, segregated by class of loans. Residential real estate refers to one to four family real estate.

 

 

 

December 31,

 

 

 

2014

 

 

2013

 

 

 

(Dollars in thousands)

 

Real estate:

 

 

 

 

 

 

 

 

Non-residential real estate owner occupied

 

$

296

 

 

$

595

 

Non-residential real estate other

 

 

5,126

 

 

 

6,270

 

Residential real estate permanent mortgage

 

 

681

 

 

 

718

 

Residential real estate all other

 

 

1,796

 

 

 

1,521

 

Commercial and financial:

 

 

 

 

 

 

 

 

Non-consumer non-real estate

 

 

1,556

 

 

 

1,192

 

Consumer non-real estate

 

 

250

 

 

 

176

 

Other loans

 

 

1,659

 

 

 

1,407

 

Acquired loans

 

 

5,046

 

 

 

2,511

 

Total

 

$

16,410

 

 

$

14,390

 

 

Age Analysis of Past Due Loans Segregated by Class of Loans

The following table presents an age analysis of past due loans, segregated by class of loans:

 

 

 

Age Analysis of Past Due Loans

 

 

 

30-59
Days
Past Due

 

 

60-89
Days
Past Due

 

 

90 Days
and
Greater

 

 

Total
Past Due
Loans

 

 

Current
Loans

 

 

Total Loans

 

 

Accruing
Loans 90
Days or
More
Past Due

 

 

 

(Dollars in thousands)

 

As of December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-residential real estate owner occupied

 

$

635

 

 

$

—

 

 

$

269

 

 

$

904

 

 

$

482,731

 

 

$

483,635

 

 

$

70

 

Non-residential real estate other

 

 

377

 

 

 

317

 

 

 

825

 

 

 

1,519

 

 

 

952,484

 

 

 

954,003

 

 

 

—

 

Residential real estate permanent mortgage

 

 

2,010

 

 

 

758

 

 

 

544

 

 

 

3,312

 

 

 

304,267

 

 

 

307,579

 

 

 

172

 

Residential real estate all other

 

 

1,820

 

 

 

194

 

 

 

1,488

 

 

 

3,502

 

 

 

633,586

 

 

 

637,088

 

 

 

387

 

Commercial and financial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-consumer non-real estate

 

 

841

 

 

 

71

 

 

 

793

 

 

 

1,705

 

 

 

965,002

 

 

 

966,707

 

 

 

24

 

Consumer non-real estate

 

 

1,914

 

 

 

711

 

 

 

330

 

 

 

2,955

 

 

 

244,810

 

 

 

247,765

 

 

 

215

 

Other loans

 

 

1,858

 

 

 

916

 

 

 

741

 

 

 

3,515

 

 

 

158,902

 

 

 

162,417

 

 

 

—

 

Acquired loans

 

 

1,815

 

 

 

997

 

 

 

1,304

 

 

 

4,116

 

 

 

97,521

 

 

 

101,637

 

 

 

267

 

Total

 

$

11,270

 

 

$

3,964

 

 

$

6,294

 

 

$

21,528

 

 

$

3,839,303

 

 

$

3,860,831

 

 

$

1,135

 

As of December 31, 2013

 

 

 

 

 

 

 

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-residential real estate owner occupied

 

$

411

 

 

$

—

 

 

$

316

 

 

$

727

 

 

$

454,305

 

 

$

455,032

 

 

$

96

 

Non-residential real estate other

 

 

5,391

 

 

 

269

 

 

 

1,543

 

 

 

7,203

 

 

 

856,179

 

 

 

863,382

 

 

 

2

 

Residential real estate permanent mortgage

 

 

2,000

 

 

 

566

 

 

 

789

 

 

 

3,355

 

 

 

262,625

 

 

 

265,980

 

 

 

275

 

Residential real estate all other

 

 

2,159

 

 

 

211

 

 

 

1,272

 

 

 

3,642

 

 

 

564,231

 

 

 

567,873

 

 

 

184

 

Commercial and financial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-consumer non-real estate

 

 

1,122

 

 

 

118

 

 

 

1,047

 

 

 

2,287

 

 

 

793,028

 

 

 

795,315

 

 

 

125

 

Consumer non-real estate

 

 

1,761

 

 

 

667

 

 

 

392

 

 

 

2,820

 

 

 

225,515

 

 

 

228,335

 

 

 

279

 

Other loans

 

 

1,799

 

 

 

763

 

 

 

1,244

 

 

 

3,806

 

 

 

141,550

 

 

 

145,356

 

 

 

—

 

Acquired loans

 

 

1,491

 

 

 

310

 

 

 

593

 

 

 

2,394

 

 

 

63,479

 

 

 

65,873

 

 

 

218

 

Total

 

$

16,134

 

 

$

2,904

 

 

$

7,196

 

 

$

26,234

 

 

$

3,360,912

 

 

$

3,387,146

 

 

$

1,179

 

 

Impaired Loans Segregated by Class of Loans

The following table presents impaired loans, segregated by class of loans. No material amount of interest income was recognized on impaired loans subsequent to their classification as impaired.

 

 

 

Impaired Loans

 

 

 

Unpaid
Principal
Balance

 

 

Recorded
Investment
with
Allowance

 

 

Related
Allowance

 

 

Average
Recorded
Investment

 

 

 

(Dollars in thousands)

 

As of December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-residential real estate owner occupied

 

$

521

 

 

$

448

 

 

$

15

 

 

$

453

 

Non-residential real estate other

 

 

23,154

 

 

 

21,164

 

 

 

1,364

 

 

 

21,522

 

Residential real estate permanent mortgage

 

 

1,095

 

 

 

880

 

 

 

85

 

 

 

1,042

 

Residential real estate all other

 

 

2,480

 

 

 

2,270

 

 

 

299

 

 

 

2,273

 

Commercial and financial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-consumer non-real estate

 

 

1,895

 

 

 

1,580

 

 

 

431

 

 

 

1,646

 

Consumer non-real estate

 

 

664

 

 

 

648

 

 

 

138

 

 

 

602

 

Other loans

 

 

2,101

 

 

 

1,659

 

 

 

228

 

 

 

1,512

 

Acquired loans

 

 

10,933

 

 

 

7,708

 

 

 

—

 

 

 

8,082

 

Total

 

$

42,843

 

 

$

36,357

 

 

$

2,560

 

 

$

37,132

 

As of December 31, 2013

 

 

 

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-residential real estate owner occupied

 

$

877

 

 

$

752

 

 

$

28

 

 

$

881

 

Non-residential real estate other

 

 

24,964

 

 

 

23,351

 

 

 

2,161

 

 

 

23,816

 

Residential real estate permanent mortgage

 

 

1,253

 

 

 

1,025

 

 

 

58

 

 

 

1,170

 

Residential real estate all other

 

 

2,214

 

 

 

1,803

 

 

 

361

 

 

 

1,857

 

Commercial and financial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-consumer non-real estate

 

 

1,801

 

 

 

1,459

 

 

 

388

 

 

 

1,553

 

Consumer non-real estate

 

 

628

 

 

 

611

 

 

 

139

 

 

 

455

 

Other loans

 

 

1,545

 

 

 

1,464

 

 

 

219

 

 

 

1,602

 

Acquired loans

 

 

9,848

 

 

 

7,861

 

 

 

124

 

 

 

7,928

 

Total

 

$

43,130

 

 

$

38,326

 

 

$

3,478

 

 

$

39,262

 

 

Internal Loan Grading by Class of Loans

The following table presents internal loan grading by class of loans:

 

 

 

Internal Loan Grading

 

 

 

Grade

 

 

 

1

 

 

2

 

 

3

 

 

4

 

 

5

 

 

Total

 

 

 

(Dollars in thousands)

 

As of December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-residential real estate owner occupied

 

$

402,706

 

 

$

75,555

 

 

$

5,008

 

 

$

366

 

 

$

—

 

 

$

483,635

 

Non-residential real estate other

 

 

795,209

 

 

 

133,542

 

 

 

20,126

 

 

 

5,126

 

 

 

—

 

 

 

954,003

 

Residential real estate permanent mortgage

 

 

272,411

 

 

 

27,855

 

 

 

6,369

 

 

 

944

 

 

 

—

 

 

 

307,579

 

Residential real estate all other

 

 

529,555

 

 

 

99,214

 

 

 

6,146

 

 

 

2,173

 

 

 

—

 

 

 

637,088

 

Commercial and financial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-consumer non-real estate

 

 

821,094

 

 

 

117,457

 

 

 

26,550

 

 

 

1,606

 

 

 

—

 

 

 

966,707

 

Consumer non-real estate

 

 

233,424

 

 

 

12,229

 

 

 

1,548

 

 

 

564

 

 

 

—

 

 

 

247,765

 

Other loans

 

 

157,191

 

 

 

4,261

 

 

 

601

 

 

 

173

 

 

 

191

 

 

 

162,417

 

Acquired loans

 

 

46,465

 

 

 

36,951

 

 

 

12,651

 

 

 

5,206

 

 

 

364

 

 

 

101,637

 

Total

 

$

3,258,055

 

 

$

507,064

 

 

$

78,999

 

 

$

16,158

 

 

$

555

 

 

$

3,860,831

 

As of December 31, 2013

 

 

 

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-residential real estate owner occupied

 

$

382,798

 

 

$

66,139

 

 

$

5,446

 

 

$

649

 

 

$

—

 

 

$

455,032

 

Non-residential real estate other

 

 

711,081

 

 

 

125,617

 

 

 

20,309

 

 

 

6,375

 

 

 

—

 

 

 

863,382

 

Residential real estate permanent mortgage

 

 

233,924

 

 

 

24,882

 

 

 

6,081

 

 

 

1,093

 

 

 

—

 

 

 

265,980

 

Residential real estate all other

 

 

475,421

 

 

 

82,571

 

 

 

8,238

 

 

 

1,643

 

 

 

—

 

 

 

567,873

 

Commercial and financial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-consumer non-real estate

 

 

691,772

 

 

 

97,812

 

 

 

4,462

 

 

 

1,269

 

 

 

—

 

 

 

795,315

 

Consumer non-real estate

 

 

214,153

 

 

 

11,819

 

 

 

1,931

 

 

 

431

 

 

 

1

 

 

 

228,335

 

Other loans

 

 

141,787

 

 

 

2,558

 

 

 

772

 

 

 

239

 

 

 

—

 

 

 

145,356

 

Acquired loans

 

 

47,220

 

 

 

11,980

 

 

 

3,766

 

 

 

2,907

 

 

 

—

 

 

 

65,873

 

Total

 

$

2,898,156

 

 

$

423,378

 

 

$

51,005

 

 

$

14,606

 

 

$

1

 

 

$

3,387,146

 

 

Activity in All by Class of Loans

The following table details activity in the ALL by class of loans for the period presented. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

 

 

 

ALL

 

 

 

Balance at
beginning
of period

 

 

Charge-
offs

 

 

Recoveries

 

 

Net
charge-
offs

 

 

Provisions
charged to
operations

 

 

Balance
at end of
period

 

 

 

(Dollars in thousands)

 

As of December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-residential real estate owner occupied

 

$

4,827

 

 

$

(42

)

 

$

102

 

 

$

60

 

 

$

(481

)

 

$

4,406

 

Non-residential real estate other

 

 

11,026

 

 

 

(29

)

 

 

49

 

 

 

20

 

 

 

(1,430

)

 

 

9,616

 

Residential real estate permanent mortgage

 

 

2,825

 

 

 

(207

)

 

 

78

 

 

 

(129

)

 

 

252

 

 

 

2,948

 

Residential real estate all other

 

 

6,708

 

 

 

(171

)

 

 

32

 

 

 

(139

)

 

 

(300

)

 

 

6,269

 

Commercial and financial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-consumer non-real estate

 

 

8,977

 

 

 

(564

)

 

 

70

 

 

 

(494

)

 

 

4,288

 

 

 

12,771

 

Consumer non-real estate

 

 

2,556

 

 

 

(687

)

 

 

203

 

 

 

(484

)

 

 

332

 

 

 

2,404

 

Other loans

 

 

1,991

 

 

 

(351

)

 

 

149

 

 

 

(202

)

 

 

570

 

 

 

2,359

 

Acquired loans

 

 

124

 

 

 

(568

)

 

 

719

 

 

 

151

 

 

 

(159

)

 

 

116

 

Total

 

$

39,034

 

 

$

(2,619

)

 

$

1,402

 

 

$

(1,217

)

 

$

3,072

 

 

$

40,889

 

As of December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-residential real estate owner occupied

 

$

5,104

 

 

$

(3

)

 

$

20

 

 

$

17

 

 

$

(294

)

 

$

4,827

 

Non-residential real estate other

 

 

9,865

 

 

 

(19

)

 

 

12

 

 

 

(7

)

 

 

1,168

 

 

 

11,026

 

Residential real estate permanent mortgage

 

 

2,781

 

 

 

(162

)

 

 

32

 

 

 

(130

)

 

 

174

 

 

 

2,825

 

Residential real estate all other

 

 

7,034

 

 

 

(209

)

 

 

33

 

 

 

(176

)

 

 

(150

)

 

 

6,708

 

Commercial and financial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-consumer non-real estate

 

 

9,385

 

 

 

(217

)

 

 

175

 

 

 

(42

)

 

 

(366

)

 

 

8,977

 

Consumer non-real estate

 

 

2,451

 

 

 

(597

)

 

 

225

 

 

 

(372

)

 

 

477

 

 

 

2,556

 

Other loans

 

 

1,885

 

 

 

(300

)

 

 

75

 

 

 

(225

)

 

 

331

 

 

 

1,991

 

Acquired loans

 

 

220

 

 

 

(53

)

 

 

39

 

 

 

(14

)

 

 

(82

)

 

 

124

 

Total

 

$

38,725

 

 

$

(1,560

)

 

$

611

 

 

$

(949

)

 

$

1,258

 

 

$

39,034

 

 

Allowance for Loan Losses Outstanding by Impairment Methodology

The following table details the amount of ALL by class of loans for the period presented, on the basis of the impairment methodology used by the Company.

 

 

 

December 31, 2014

 

 

December 31, 2013

 

 

 

(Dollars in thousands)

 

 

 

Individually
evaluated for
impairment

 

 

Collectively
evaluated for
impairment

 

 

Individually
evaluated for
impairment

 

 

Collectively
evaluated for
impairment

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-residential real estate owner occupied

 

$

202

 

 

$

4,204

 

 

$

231

 

 

$

4,596

 

Non-residential real estate other

 

 

1,518

 

 

 

8,098

 

 

 

2,449

 

 

 

8,577

 

Residential real estate permanent mortgage

 

 

407

 

 

 

2,541

 

 

 

243

 

 

 

2,582

 

Residential real estate all other

 

 

743

 

 

 

5,526

 

 

 

994

 

 

 

5,714

 

Commercial and financial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-consumer non-real estate

 

 

4,671

 

 

 

8,100

 

 

 

966

 

 

 

8,011

 

Consumer non-real estate

 

 

372

 

 

 

2,032

 

 

 

334

 

 

 

2,222

 

Other loans

 

 

214

 

 

 

2,145

 

 

 

252

 

 

 

1,739

 

Acquired loans

 

 

—

 

 

 

116

 

 

 

—

 

 

 

124

 

Total

 

$

8,127

 

 

$

32,762

 

 

$

5,469

 

 

$

33,565

 

 

Loans Outstanding by Impairment Methodology

The following table details the loans outstanding by class of loans for the period presented, on the basis of the impairment methodology used by the Company.

 

 

 

Loans

 

 

 

December 31, 2014

 

 

December 31, 2013

 

 

 

(Dollars in thousands)

 

 

 

Individually
evaluated
for
impairment

 

 

Collectively
evaluated
for
impairment

 

 

Loans
acquired
with
deteriorated
credit
quality

 

 

Individually
evaluated
for
impairment

 

 

Collectively
evaluated
for
impairment

 

 

Loans
acquired
with
deteriorated
credit
quality

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-residential real estate owner occupied

 

$

5,374

 

 

$

478,261

 

 

$

—

 

 

$

6,095

 

 

$

448,937

 

 

$

—

 

Non-residential real estate other

 

 

25,251

 

 

 

928,752

 

 

 

—

 

 

 

26,684

 

 

 

836,698

 

 

 

—

 

Residential real estate permanent mortgage

 

 

7,313

 

 

 

300,266

 

 

 

—

 

 

 

7,174

 

 

 

258,806

 

 

 

—

 

Residential real estate all other

 

 

8,319

 

 

 

628,769

 

 

 

—

 

 

 

9,881

 

 

 

557,992

 

 

 

—

 

Commercial and financial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-consumer non-real estate

 

 

28,156

 

 

 

938,551

 

 

 

—

 

 

 

5,731

 

 

 

789,584

 

 

 

—

 

Consumer non-real estate

 

 

2,112

 

 

 

245,653

 

 

 

—

 

 

 

2,362

 

 

 

225,972

 

 

 

—

 

Other loans

 

 

233

 

 

 

162,184

 

 

 

—

 

 

 

317

 

 

 

145,039

 

 

 

—

 

Acquired loans

 

 

—

 

 

 

83,416

 

 

 

18,221

 

 

 

—

 

 

 

59,200

 

 

 

6,674

 

Total

 

$

76,758

 

 

$

3,765,852

 

 

$

18,221

 

 

$

58,244

 

 

$

3,322,228

 

 

$

6,674

 

 

Summary of Amounts Included in ALL for Impaired Loans with Specific Reserves and Recorded Balance of Related Loans

The following table is a summary of amounts included in the ALL for impaired loans with specific reserves and the recorded balance of the related loans. No material amounts of interest income were collected on impaired loans with specific reserves for 2014, 2013 or 2012.

 

 

 

Year Ended December 31,

 

 

 

2014

 

 

2013

 

 

2012

 

 

 

(Dollars in thousands)

 

Allowance for loss on impaired loans

 

$

1,559

 

 

$

1,578

 

 

$

2,170

 

Recorded balance of impaired loans

 

 

3,673

 

 

 

5,283

 

 

 

6,185

 

Average recorded investment

 

 

4,478

 

 

 

5,734

 

 

 

8,416

 

 

Transfers from Loans to Other Real Estate Owned and Repossessed Assets

Transfers from loans to other real estate owned and repossessed assets during the periods presented are summarized as follows:

 

 

 

Year Ended December 31,

 

 

 

2014

 

 

2013

 

 

2012

 

 

 

(Dollars in thousands)

 

Other real estate owned

 

$

3,573

 

 

$

1,710

 

 

$

2,543

 

Repossessed assets

 

 

1,209

 

 

 

1,171

 

 

 

1,034

 

Total

 

$

4,782

 

 

$

2,881

 

 

$

3,577

 

 

Related Party Loans

A summary of these loans is as follows:

 

Year Ended December 31,

 

Balance
Beginning
of the Period

 

 

Additions

 

 

Collections/
Terminations

 

 

Balance
End of the
Period

 

 

(Dollars in thousands)

 

2014

 

$

27,134

 

 

$

22,521

 

 

$

(24,636

)

 

$

25,019

 

2013

 

 

29,030

 

 

 

11,979

 

 

 

(13,875

)

 

 

27,134

 

2012

 

 

25,264

 

 

 

24,706

 

 

 

(20,940

)

 

 

29,030