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Allowance for Loan Losses and Credit Quality of Loans (Tables)
 6 Months Ended
Jun. 30, 2015
Allowance for Loan Losses and Credit Quality of Loans [Abstract]  
Portfolio and class segments
The following table illustrates the portfolio and class segments for the Company's loan portfolio:
  
Portfolio
Class
Commercial Loans
Commercial
 
Commercial Real Estate
 
Agricultural
 
Agricultural Real Estate
 
Business Banking
 
 
Consumer Loans
Indirect
 
Home Equity
 
Direct
 
 
Residential Real Estate Mortgages
 
Allowance for loan losses by portfolio
The following tables illustrate the changes in the allowance for loan losses by our portfolio segments for the three and six months ended June 30, 2015 and 2014:
 
Three months ended June 30,
 
Commercial Loans
  
Consumer Loans
  
Residential Real Estate Mortgages
  
Unallocated
  
Total
 
Balance as of March 31, 2015
 
$
31,278
  
$
26,156
  
$
7,698
  
$
227
  
$
65,359
 
Charge-offs
  
(584
)
  
(4,275
)
  
(509
)
  
-
   
(5,368
)
Recoveries
  
280
   
697
   
93
   
-
   
1,070
 
Provision
  
(2,648
)
  
5,736
   
999
   
(189
)
  
3,898
 
Ending Balance as of June 30, 2015
 
$
28,326
  
$
28,314
  
$
8,281
  
$
38
  
$
64,959
 
 
                    
Balance as of March 31, 2014
 
$
34,437
  
$
28,436
  
$
6,225
  
$
336
  
$
69,434
 
Charge-offs
  
(1,427
)
  
(3,648
)
  
(165
)
  
-
   
(5,240
)
Recoveries
  
314
   
714
   
146
   
-
   
1,174
 
Provision
  
1,799
   
2,471
   
(1
)
  
(103
)
  
4,166
 
Ending Balance as of June 30, 2014
 
$
35,123
  
$
27,973
  
$
6,205
  
$
233
  
$
69,534
 

 
Six months ended June 30,
 
Commercial Loans
  
Consumer Loans
  
Residential Real Estate Mortgages
  
Unallocated
  
Total
 
Balance as of December 31, 2014
 
$
32,433
  
$
26,720
  
$
7,130
  
$
76
  
$
66,359
 
Charge-offs
  
(1,382
)
  
(8,653
)
  
(1,013
)
  
-
   
(11,048
)
Recoveries
  
514
   
1,445
   
149
   
-
   
2,108
 
Provision
  
(3,239
)
  
8,802
   
2,015
   
(38
)
  
7,540
 
Ending Balance as of June 30, 2015
 
$
28,326
  
$
28,314
  
$
8,281
  
$
38
  
$
64,959
 
 
                    
Balance as of December 31, 2013
 
$
35,090
  
$
27,694
  
$
6,520
  
$
130
  
$
69,434
 
Charge-offs
  
(1,906
)
  
(7,680
)
  
(484
)
  
-
   
(10,070
)
Recoveries
  
713
   
1,455
   
240
   
-
   
2,408
 
Provision
  
1,226
   
6,504
   
(71
)
  
103
   
7,762
 
Ending Balance as of June 30, 2014
 
$
35,123
  
$
27,973
  
$
6,205
  
$
233
  
$
69,534
 
The following tables illustrate the allowance for loan losses and the recorded investment by portfolio segments as of June 30, 2015 and December 31, 2014:
 
Allowance for Loan Losses and Recorded Investment in Loans
(in thousands)
 
 
 
Commercial Loans
  
Consumer Loans
  
Residential Real Estate Mortgages
  
Unallocated
  
Total
 
As of June 30, 2015
 
  
  
  
  
 
Allowance for loan losses
 
$
28,326
  
$
28,314
  
$
8,281
  
$
38
  
$
64,959
 
 
                    
Allowance for loans individually evaluated for impairment
  
2,885
   
-
   
-
       
2,885
 
 
                    
Allowance for loans collectively evaluated for impairment
 
$
25,441
  
$
28,314
  
$
8,281
  
$
38
  
$
62,074
 
 
                    
Ending balance of loans
 
$
2,565,590
  
$
2,051,540
  
$
1,153,758
      
$
5,770,888
 
 
                    
Ending balance of originated loans individually evaluated for impairment
  
12,506
   
6,967
   
5,021
       
24,494
 
Ending balance of acquired loans individually evaluated for impairment
  
9,719
   
-
   
-
       
9,719
 
Ending balance of acquired loans collectively evaluated for impairment
  
309,699
   
120,316
   
251,751
       
681,766
 
Ending balance of originated loans collectively evaluated for impairment
 
$
2,233,666
  
$
1,924,257
  
$
896,986
      
$
5,054,909
 
 
                    
As of December 31, 2014
                    
Allowance for loan losses
 
$
32,433
  
$
26,720
  
$
7,130
  
$
76
  
$
66,359
 
 
                    
Allowance for loans individually evaluated for impairment
  
1,100
   
-
   
-
       
1,100
 
 
                    
Allowance for loans collectively evaluated for impairment
 
$
31,333
  
$
26,720
  
$
7,130
  
$
76
  
$
65,259
 
 
                    
Ending balance of loans
 
$
2,473,702
  
$
2,005,980
  
$
1,115,589
      
$
5,595,271
 
 
                    
Ending balance of originated loans individually evaluated for impairment
  
11,079
   
5,498
   
3,544
       
20,121
 
Ending balance of acquired loans individually evaluated for impairment
  
5,675
   
-
   
-
       
5,675
 
Ending balance of acquired loans collectively evaluated for impairment
  
327,656
   
147,256
   
266,747
       
741,659
 
Ending balance of originated loans collectively evaluated for impairment
 
$
2,129,292
  
$
1,853,226
  
$
845,298
      
$
4,827,816
 
Past due and nonperforming loans by loan class
The following tables set forth information with regard to past due and nonperforming loans by loan class as of June 30, 2015 and December 31, 2014:
 
Age Analysis of Past Due Financing Receivables
As of June 30, 2015
(in thousands)
 
  
31-60 Days Past Due Accruing
  
61-90 Days Past Due Accruing
  
Greater Than 90 Days Past Due Accruing
  
Total Past Due Accruing
  
Non-Accrual
  
Current
  
Recorded Total Loans
 
ORIGINATED
 
  
  
  
  
  
  
 
Commercial Loans
 
  
  
  
  
  
  
 
Commercial
 
$
268
  
$
7
  
$
-
  
$
275
  
$
22
  
$
629,818
  
$
630,115
 
Commercial Real Estate
  
1,274
   
28
   
-
   
1,302
   
6,825
   
1,148,828
   
1,156,955
 
Agricultural
  
3
   
67
   
-
   
70
   
1,041
   
31,704
   
32,815
 
Agricultural Real Estate
  
18
   
-
   
-
   
18
   
326
   
26,380
   
26,724
 
Business Banking
  
1,478
   
77
   
-
   
1,555
   
5,701
   
392,307
   
399,563
 
 
  
3,041
   
179
   
-
   
3,220
   
13,915
   
2,229,037
   
2,246,172
 
 
                            
Consumer Loans
                            
Indirect
  
14,212
   
3,035
   
1,250
   
18,497
   
1,553
   
1,378,754
   
1,398,804
 
Home Equity
  
4,941
   
1,172
   
328
   
6,441
   
5,226
   
466,301
   
477,968
 
Direct
  
348
   
111
   
106
   
565
   
59
   
53,828
   
54,452
 
 
  
19,501
   
4,318
   
1,684
   
25,503
   
6,838
   
1,898,883
   
1,931,224
 
Residential Real Estate Mortgages
  
2,869
   
962
   
174
   
4,005
   
7,586
   
890,416
   
902,007
 
 
 
$
25,411
  
$
5,459
  
$
1,858
  
$
32,728
  
$
28,339
  
$
5,018,336
  
$
5,079,403
 
 
                            
ACQUIRED
                            
Commercial Loans
                            
Commercial
 
$
-
  
$
-
  
$
-
  
$
-
  
$
2,509
  
$
75,153
  
$
77,662
 
Commercial Real Estate
  
-
   
-
   
-
   
-
   
7,204
   
182,634
   
189,838
 
Business Banking
  
181
   
5
   
-
   
186
   
452
   
51,280
   
51,918
 
 
  
181
   
5
   
-
   
186
   
10,165
   
309,067
   
319,418
 
 
                            
Consumer Loans
                            
Indirect
  
242
   
32
   
-
   
274
   
125
   
43,418
   
43,817
 
Home Equity
  
130
   
61
   
67
   
258
   
555
   
71,457
   
72,270
 
Direct
  
21
   
34
   
8
   
63
   
36
   
4,130
   
4,229
 
 
  
393
   
127
   
75
   
595
   
716
   
119,005
   
120,316
 
Residential Real Estate Mortgages
  
1,009
   
406
   
61
   
1,476
   
3,066
   
247,209
   
251,751
 
  
$
1,583
  
$
538
  
$
136
  
$
2,257
  
$
13,947
  
$
675,281
  
$
691,485
 
Total Loans
 
$
26,994
  
$
5,997
  
$
1,994
  
$
34,985
  
$
42,286
  
$
5,693,617
  
$
5,770,888
 
 
Age Analysis of Past Due Financing Receivables
As of December 31, 2014
(in thousands)
 
  
31-60 Days Past Due Accruing
  
61-90 Days Past Due Accruing
  
Greater Than 90 Days Past Due Accruing
  
Total Past Due Accruing
  
Non-Accrual
  
Current
  
Recorded Total Loans
 
ORIGINATED
 
  
  
  
  
  
  
 
Commercial Loans
 
  
  
  
  
  
  
 
Commercial
 
$
-
  
$
735
  
$
-
  
$
735
  
$
1,012
  
$
613,400
  
$
615,147
 
Commercial Real Estate
  
192
   
-
   
-
   
192
   
4,127
   
1,064,549
   
1,068,868
 
Agricultural
  
-
   
-
   
-
   
-
   
817
   
32,130
   
32,947
 
Agricultural Real Estate
  
19
   
-
   
-
   
19
   
565
   
24,390
   
24,974
 
Business Banking
  
799
   
235
   
84
   
1,118
   
6,910
   
390,407
   
398,435
 
 
  
1,010
   
970
   
84
   
2,064
   
13,431
   
2,124,876
   
2,140,371
 
 
                            
Consumer Loans
                            
Indirect
  
16,434
   
3,154
   
1,991
   
21,579
   
1,964
   
1,286,507
   
1,310,050
 
Home Equity
  
4,591
   
1,428
   
821
   
6,840
   
6,596
   
479,444
   
492,880
 
Direct
  
560
   
157
   
52
   
769
   
84
   
54,941
   
55,794
 
 
  
21,585
   
4,739
   
2,864
   
29,188
   
8,644
   
1,820,892
   
1,858,724
 
Residential Real Estate Mortgages
  
2,901
   
96
   
1,256
   
4,253
   
8,770
   
835,819
   
848,842
 
 
 
$
25,496
  
$
5,805
  
$
4,204
  
$
35,505
  
$
30,845
  
$
4,781,587
  
$
4,847,937
 
                             
 
                            
ACQUIRED
                            
Commercial Loans
                            
Commercial
 
$
-
  
$
-
  
$
-
  
$
-
  
$
3,009
  
$
72,255
  
$
75,264
 
Commercial Real Estate
  
-
   
-
   
-
   
-
   
2,666
   
197,222
   
199,888
 
Business Banking
  
5
   
15
   
-
   
20
   
665
   
57,494
   
58,179
 
 
  
5
   
15
   
-
   
20
   
6,340
   
326,971
   
333,331
 
 
                            
Consumer Loans
                            
Indirect
  
518
   
5
   
54
   
577
   
106
   
64,540
   
65,223
 
Home Equity
  
190
   
60
   
5
   
255
   
557
   
75,904
   
76,716
 
Direct
  
31
   
-
   
7
   
38
   
33
   
5,246
   
5,317
 
   
739
   
65
   
66
   
870
   
696
   
145,690
   
147,256
 
Residential Real Estate Mortgages
  
1,162
   
265
   
671
   
2,098
   
3,193
   
261,456
   
266,747
 
 
 
$
1,906
  
$
345
  
$
737
  
$
2,988
  
$
10,229
  
$
734,117
  
$
747,334
 
Total Loans
 
$
27,402
  
$
6,150
  
$
4,941
  
$
38,493
  
$
41,074
  
$
5,515,704
  
$
5,595,271
 
 
Impaired loans and specific reserve allocations
The following table provides information on loans specifically evaluated for impairment as of June 30, 2015 and December 31, 2014:
 
 
 
June 30, 2015
  
December 31, 2014
 
(in thousands)
 
Recorded Investment Balance (Book)
  
Unpaid Principal Balance (Legal)
 
Related Allowance
  
Recorded Investment Balance (Book)
  
Unpaid Principal Balance (Legal)
 
Related Allowance
 
ORIGINATED
 
  
 
  
  
 
 
With no related allowance recorded:
 
  
 
  
  
 
 
Commercial Loans
 
  
 
  
  
 
 
Commercial
 
$
1,815
  
$
1,967
   
$
1,748
  
$
1,901
  
Commercial Real Estate
  
4,205
   
4,216
 
   
4,505
   
4,520
 
 
Agricultural
  
19
   
25
 
   
20
   
26
 
 
Agricultural Real Estate
  
628
   
754
 
   
1,147
   
1,441
 
 
Business Banking
  
1,009
   
1,040
 
   
896
   
1,301
 
 
Total Commercial Loans
  
7,676
   
8,002
 
   
8,316
   
9,189
 
 
 
        
         
 
Consumer Loans
        
         
 
Indirect
  
15
   
24
    
-
   
-
  
Home Equity
  
6,952
   
7,713
 
   
5,498
   
6,033
 
 
Direct
  
-
   
-
    
-
   
-
  
Total Consumer Loans
  
6,967
   
7,737
    
5,498
   
6,033
  
 
        
         
 
Residential Real Estate Mortgages
  
5,021
   
5,533
    
3,544
   
3,959
  
Total
  
19,664
   
21,272
 
   
17,358
   
19,181
 
 
 
                  
With an allowance recorded:
        
         
 
Commercial Loans
        
         
 
Commercial Real Estate
 
$
4,830
  
$
6,687
  
$
1,035
  
$
2,763
  
$
4,611
  
$
600
 
                         
ACQUIRED
                        
With no related allowance recorded:
                        
Commercial Loans
                        
Commercial Real Estate
  
5,890
   
7,098
       
2,666
   
3,830
     
                         
With an allowance recorded:
                        
Commercial Loans
                        
Commercial
  
2,508
   
4,668
   
1,000
   
3,009
   
4,668
   
500
 
Commercial Real Estate
  
1,321
   
1,329
   
850
   
-
   
-
   
-
 
Total Commercial Loans
  
3,829
   
5,997
   
1,850
   
3,009
   
4,668
   
500
 
                         
Total:
 
$
34,213
  
$
41,054
  
$
2,885
  
$
25,796
  
$
32,290
  
$
1,100
 
 
The following tables summarize the average recorded investments on impaired loans specifically evaluated for impairment and the interest income recognized for the three months ended June 30, 2015 and 2014:
 
 
 
For the three months ended
 
 
 
June 30, 2015
  
June 30, 2014
 
(in thousands)
 
Average Recorded Investment
  
Interest Income Recognized
  
Average Recorded Investment
  
Interest Income Recognized
 
ORIGINATED
 
  
  
  
 
Commercial Loans
 
  
  
  
 
Commercial
 
$
1,768
  
$
61
  
$
2,013
  
$
-
 
Commercial Real Estate
  
9,060
   
41
   
10,062
   
42
 
Agricultural
  
19
   
-
   
123
   
-
 
Agricultural Real Estate
  
630
   
12
   
1,412
   
12
 
Business Banking
  
975
   
2
   
548
   
11
 
Consumer Loans
                
Indirect
  
16
   
-
   
-
   
-
 
Home Equity
  
6,692
   
92
   
5,289
   
60
 
Direct
  
1
   
-
   
-
   
-
 
Residential Real Estate Mortgage
  
4,636
   
33
   
2,803
   
26
 
Total Originated
 
$
23,797
  
$
241
  
$
22,250
  
$
151
 
 
                
ACQUIRED
                
Commercial Loans
                
Commercial
  
2,602
   
-
   
6,315
   
-
 
Commercial Real Estate
  
7,205
   
-
   
3,462
   
-
 
Total Acquired
 
$
9,807
  
$
-
  
$
9,777
  
$
-
 
 
                
Total Loans
 
$
33,604
  
$
241
  
$
32,027
  
$
151
 


 
 
For the six months ended
 
 
 
June 30, 2015
  
June 30, 2014
 
(in thousands)
 
Average Recorded Investment
  
Interest Income Recognized
  
Average Recorded Investment
  
Interest Income Recognized
 
ORIGINATED
 
  
  
  
 
Commercial Loans
 
  
  
  
 
Commercial
 
$
1,742
  
$
86
  
$
2,025
  
$
-
 
Commercial Real Estate
  
9,091
   
82
   
10,739
   
84
 
Agricultural
  
19
   
1
   
124
   
1
 
Agricultural Real Estate
  
633
   
23
   
1,418
   
23
 
Business Banking
  
932
   
6
   
429
   
23
 
Consumer Loans
                
Indirect
  
11
   
-
   
-
   
-
 
Home Equity
  
6,560
   
164
   
4,959
   
103
 
Direct
  
1
   
-
   
-
   
-
 
Residential Real Estate Mortgage
  
4,476
   
63
   
2,778
   
50
 
                 
Total Originated
 
$
23,465
  
$
425
  
$
22,472
  
$
284
 
                 
ACQUIRED
                
Commercial Loans
                
Commercial
  
2,722
   
-
   
6,375
   
-
 
Commercial Real Estate
  
7,176
   
-
   
3,493
   
-
 
Total Acquired
 
$
9,898
  
$
-
  
$
9,868
  
$
-
 
Total Loans
 
$
33,363
  
$
425
  
$
32,340
  
$
284
 
Financing receivable credit quality by loan class
The following tables illustrate the Company's credit quality by loan class as of June 30, 2015 and December 31, 2014:
 
Credit Quality Indicators
As of June 30, 2015
 
ORIGINATED
 
  
  
  
  
 
Commercial Credit Exposure By Internally Assigned Grade:
 
Commercial
  
Commercial Real Estate
  
Agricultural
  
Agricultural Real Estate
  
Total
 
Pass
 
$
579,259
  
$
1,100,065
  
$
31,935
  
$
25,462
  
$
1,736,721
 
Special Mention
  
11,834
   
26,706
   
49
   
37
   
38,626
 
Substandard
  
39,022
   
30,184
   
823
   
1,225
   
71,254
 
Doubtful
  
-
   
-
   
8
   
-
   
8
 
Total
 
$
630,115
  
$
1,156,955
  
$
32,815
  
$
26,724
  
$
1,846,609
 
 
                    
Business Banking Credit Exposure By Internally Assigned Grade:
 
Business Banking
              
Total
 
Non-classified
 
$
383,016
              
$
383,016
 
Classified
  
16,547
               
16,547
 
Total
 
$
399,563
              
$
399,563
 
 
                    
Consumer Credit Exposure By Payment Activity:
 
Indirect
  
Home Equity
  
Direct
      
Total
 
Performing
 
$
1,396,001
  
$
472,414
  
$
54,287
      
$
1,922,702
 
Nonperforming
  
2,803
   
5,554
   
165
       
8,522
 
Total
 
$
1,398,804
  
$
477,968
  
$
54,452
      
$
1,931,224
 
 
                    
Residential Mortgage Credit Exposure By Payment Activity:
 
Residential Mortgage
              
Total
 
Performing
 
$
894,247
              
$
894,247
 
Nonperforming
  
7,760
               
7,760
 
Total
 
$
902,007
              
$
902,007
 
 
Credit Quality Indicators
As of June 30, 2015
 
ACQUIRED
 
  
     
Commercial Credit Exposure By Internally Assigned Grade:
 
Commercial
  
Commercial Real Estate
    
Total
 
Pass
 
$
72,110
  
$
170,931
    
$
243,041
 
Special Mention
  
908
   
6,081
     
6,989
 
Substandard
  
4,644
   
12,826
     
17,470
 
Total
 
$
77,662
  
$
189,838
    
$
267,500
 
 
              
Business Banking Credit Exposure By Internally Assigned Grade:
 
Business Banking
        
Total
 
Non-classified
 
$
47,546
        
$
47,546
 
Classified
  
4,372
         
4,372
 
Total
 
$
51,918
        
$
51,918
 
 
              
Consumer Credit Exposure By Payment Activity:
 
Indirect
  
Home Equity
  
Direct
  
Total
 
Performing
 
$
43,692
  
$
71,648
  
$
4,185
  
$
119,525
 
Nonperforming
  
125
   
622
   
44
   
791
 
Total
 
$
43,817
  
$
72,270
  
$
4,229
  
$
120,316
 
 
                
Residential Mortgage Credit Exposure By Payment Activity:
 
Residential Mortgage
          
Total
 
Performing
 
$
248,624
          
$
248,624
 
Nonperforming
  
3,127
           
3,127
 
Total
 
$
251,751
          
$
251,751
 
 
Credit Quality Indicators
As of December 31, 2014
 
ORIGINATED
 
  
    
  
 
Commercial Credit Exposure By Internally Assigned Grade:
 
Commercial
  
Commercial Real Estate
  
Agricultural
  
Agricultural Real Estate
  
Total
 
Pass
 
$
570,884
  
$
1,023,856
  
$
30,481
  
$
23,443
  
$
1,648,664
 
Special Mention
  
6,022
   
17,341
   
275
   
42
   
23,680
 
Substandard
  
38,241
   
27,671
   
2,183
   
1,489
   
69,584
 
Doubtful
  
-
   
-
   
8
   
-
   
8
 
Total
 
$
615,147
  
$
1,068,868
  
$
32,947
  
$
24,974
  
$
1,741,936
 
 
                    
Business Banking Credit Exposure By Internally Assigned Grade:
 
Business Banking
              
Total
 
Non-classified
 
$
379,445
              
$
379,445
 
Classified
  
18,990
               
18,990
 
Total
 
$
398,435
              
$
398,435
 
                    
Consumer Credit Exposure By Payment Activity:
 
Indirect
  
Home Equity
  
Direct
      
Total
 
Performing
 
$
1,306,095
  
$
485,463
  
$
55,658
      
$
1,847,216
 
Nonperforming
  
3,955
   
7,417
   
136
       
11,508
 
Total
 
$
1,310,050
  
$
492,880
  
$
55,794
      
$
1,858,724
 
 
                    
Residential Mortgage Credit Exposure By Payment Activity:
 
Residential Mortgage
              
Total
 
Performing
 
$
838,816
              
$
838,816
 
Nonperforming
  
10,026
               
10,026
 
Total
 
$
848,842
              
$
848,842
 
 
Credit Quality Indicators
As of December 31, 2014
 
ACQUIRED
 
  
  
  
 
Commercial Credit Exposure By Internally Assigned Grade:
 
Commercial
  
Commercial Real Estate
         
Total
 
Pass
 
$
63,630
  
$
186,036
    
$
249,666
 
Special Mention
  
2,840
   
2,646
     
5,486
 
Substandard
  
8,794
   
11,206
     
20,000
 
Total
 
$
75,264
  
$
199,888
    
$
275,152
 
 
         
     
Business Banking Credit Exposure By Internally Assigned Grade:
 
Business Banking
      
  
Total
 
Non-classified
 
$
53,264
      
  
$
53,264
 
Classified
  
4,915
      
   
4,915
 
Total
 
$
58,179
      
  
$
58,179
 
 
         
     
Consumer Credit Exposure By Payment Activity:
 
Indirect
  
Home Equity
  
Direct
  
Total
 
Performing
 
$
65,063
  
$
76,154
  
$
5,277
  
$
146,494
 
Nonperforming
  
160
   
562
   
40
   
762
 
Total
 
$
65,223
  
$
76,716
  
$
5,317
  
$
147,256
 
 
                
Residential Mortgage Credit Exposure By Payment Activity:
 
Residential Mortgage
          
Total
 
Performing
 
$
262,883
          
$
262,883
 
Nonperforming
  
3,864
           
3,864
 
Total
 
$
266,747
          
$
266,747
 
Troubled debt restructurings on financing receivables
The following tables illustrate the recorded investment and number of modifications for modified loans, including the recorded investment in the loans prior to a modification and the recorded investment in the loans after restructuring for the three and six months ended June 30, 2015 and 2014:
 
  
Three months ended June 30, 2015
 
  
 
Number of contracts
  
Pre-Modification Outstanding Recorded Investment
  
Post-Modification Outstanding Recorded Investment
 
Commercial
      
Commercial
  
1
  
$
1,165
  
$
1,165
 
Small Business
  
1
   
190
   
176
 
Total Commercial
  
2
   
1,355
   
1,341
 
 
            
Consumer
            
Home Equity
  
12
   
1,071
   
1,128
 
Total Consumer
  
12
   
1,071
   
1,128
 
 
            
Residential Real Estate
  
6
   
370
   
770
 
 
            
Total Troubled Debt Restructurings
  
20
  
$
2,796
  
$
3,239
 

 
 
Three months ended June 30, 2014
 
  
 
Number of contracts
  
Pre-Modification Outstanding Recorded Investment
  
Post-Modification Outstanding Recorded Investment
 
Commercial
 
  
  
 
Small Business
  
2
  
$
570
  
$
570
 
Total Commercial
  
2
   
570
   
570
 
 
            
Consumer
            
Indirect
  
2
   
69
   
69
 
Home Equity
  
6
   
503
   
503
 
Direct
  
15
   
1,213
   
1,213
 
Total Consumer
  
23
   
1,785
   
1,785
 
 
            
Residential Real Estate
  
3
   
432
   
432
 
 
            
Total Troubled Debt Restructurings
  
28
  
$
2,787
  
$
2,787
 
 
  
Six months ended June 30, 2015
 
  
 
Number of contracts
  
Pre-Modification Outstanding Recorded Investment
  
Post-Modification Outstanding Recorded Investment
 
Commercial
      
Commercial
  
1
  
$
1,165
  
$
1,165
 
Small Business
  
1
   
190
   
176
 
Total Commercial
  
2
   
1,355
   
1,341
 
 
            
Consumer
            
Home Equity
  
27
   
2,112
   
2,132
 
Direct
  
4
   
106
   
104
 
Total Consumer
  
31
   
2,218
   
2,236
 
 
            
Residential Real Estate
  
15
   
1,072
   
1,522
 
 
            
Total Troubled Debt Restructurings
  
48
  
$
4,645
  
$
5,099
 

  
Six months ended June 30, 2014
 
  
 
Number of contracts
  
Pre-Modification Outstanding Recorded Investment
  
Post-Modification Outstanding Recorded Investment
 
Commercial
      
Small Business
  
2
  
$
570
  
$
570
 
Total Commercial
  
2
   
570
   
570
 
 
            
Consumer
            
Indirect
  
2
   
69
   
39
 
Home Equity
  
8
   
561
   
561
 
Direct
  
35
   
2,518
   
2,518
 
Total Consumer
  
45
   
3,148
   
3,118
 
 
            
Residential Real Estate
  
16
   
1,841
   
1,841
 
 
            
Total Troubled Debt Restructurings
  
63
  
$
5,559
  
$
5,529
 

The following table illustrates the recorded investment and number of modifications for TDRs within the three and six months ended June 30, 2015 and 2014 where a concession has been made and subsequently defaulted during the period:
  
Three months ended June 30, 2015
  
Three months ended June 30, 2014
 
  
 
Number of contracts
  
Recorded Investment
  
Number of contracts
  
Recorded Investment
 
 
 
  
  
  
 
Consumer
 
  
  
  
 
Home Equity
  
-
  $
-
   
2
  $
300
 
Direct
  
-
   
-
   
1
   
43
 
Total Consumer
  
-
   
-
   
3
   
343
 
 
                
Total Troubled Debt Restructurings
  
-
  
$
-
   
3
  
$
343
 

  
Six months ended June 30, 2015
  
Six months ended June 30, 2014
 
  
 
Number of contracts
  
Recorded Investment
  
Number of contracts
  
Recorded Investment
 
 
 
  
  
  
 
Consumer
 
  
  
  
 
Home Equity
  
4
  $
233
   
2
  $
300
 
Direct
  
-
   
-
   
5
   
235
 
Total Consumer
  
4
   
233
   
7
   
535
 
 
                
Residential Real Estate
  
-
   
-
   
1
   
70
 
 
                
Total Troubled Debt Restructurings
  
4
  
$
233
   
8
  
$
605