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 |
|
|