XML 90 R27.htm IDEA: XBRL DOCUMENT v3.3.0.814
CREDIT QUALITY ASSESSMENT (Tables)
 9 Months Ended
Sep. 30, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Summary Information on Allowance for Loan and Lease Loss Activity

Summary information on the allowance for loan and lease loss activity for the period indicated is provided in the following table:

Nine Months Ended September 30,
(In thousands)20152014
Balance at beginning of year$37,802$38,766
Provision for loan and lease losses3,521(1,016)
Loan and lease charge-offs(2,753)(1,541)
Loan and lease recoveries1,0911,365
Net (charge-offs) recoveries(1,662)(176)
Balance at period end$39,661$37,574
Activity in Allowance for Loan and Lease Losses by Respective Loan Portfolio Segment

The following tables provide information on the activity in the allowance for loan and lease losses by the respective loan portfolio segment for the period indicated:

For the Nine Months Ended September 30, 2015
Commercial Real EstateResidential Real Estate
Commercial
CommercialCommercialCommercialOwnerResidentialResidential
(Dollars in thousands)BusinessAD&CInvestor R/EOccupied R/ELeasingConsumerMortgageConstructionTotal
Balance at beginning of year$5,852$4,267$9,784$7,143$9$3,592$6,232$923$37,802
Provision (credit) 139293681,218-88191933,521
Charge-offs (185)(739)(90)(317)-(930)(492)-(2,753)
Recoveries 226580152-144103211,091
Net charge-offs41(159)(75)(315)-(786)(389)21(1,662)
Balance at end of period$6,032$4,401$9,777$8,046$9$3,687$6,762$947$39,661
Total loans and leases $423,855$239,160$710,694$680,601$19$444,729$773,889$139,492$3,412,439
Allowance for loans and leases to total loans and leases ratio1.42%1.84%1.38%1.18%47.37%0.83%0.87%0.68%1.16%
Balance of loans specifically evaluated for impairment $5,360$194$10,697$8,172$na.$na.$6,482$na.$30,905
Allowance for loans specifically evaluated for impairment $1,278$57$709$958$na.$na.$-$na.$3,002
Specific allowance to specific loans ratio23.84%29.38%6.63%11.72%na.na.na.na.9.71%
Balance of loans collectively evaluated$418,495$238,966$699,997$672,429$19$444,729$767,407$139,492$3,381,534
Allowance for loans collectively evaluated$4,754$4,344$9,068$7,088$9$3,687$6,762$947$36,659
Collective allowance to collective loans ratio1.14%1.82%1.30%1.05%47.37%0.83%0.88%0.68%1.08%

For the Year Ended December 31, 2014
Commercial Real EstateResidential Real Estate
Commercial
CommercialCommercialCommercialOwnerResidentialResidential
(Dollars in thousands)BusinessAD&CInvestor R/EOccupied R/ELeasingConsumerMortgageConstructionTotal
Balance at beginning of year$6,308$3,754$9,263$6,308$16$4,142$7,819$1,156$38,766
Provision (credit) (1,204)1,0424861,094(7)119(1,385)(308)(163)
Charge-offs (729)(529)(3)(265)-(834)(323)(4)(2,687)
Recoveries 1,477-386-165121791,886
Net charge-offs748(529)35(259)-(669)(202)75(801)
Balance at end of period$5,852$4,267$9,784$7,143$9$3,592$6,232$923$37,802
Total loans and leases $390,781$205,124$640,193$611,061$54$425,552$717,886$136,741$3,127,392
Allowance for loans and leases to total loans and leases ratio1.50%2.08%1.53%1.17%16.80%0.84%0.87%0.67%1.21%
Balance of loans specifically evaluated for impairment $3,894$2,464$10,279$8,941$na.$na.$3,535$306$29,419
Allowance for loans specifically evaluated for impairment $788$741$541$824$na.$na.$-$-$2,894
Specific allowance to specific loans ratio20.24%30.07%5.26%9.22%na.na.na.na.9.84%
Balance of loans collectively evaluated$386,887$202,660$629,914$602,120$54$425,552$714,351$136,435$3,097,973
Allowance for loans collectively evaluated$5,064$3,526$9,243$6,319$9$3,592$6,232$923$34,908
Collective allowance to collective loans ratio1.31%1.74%1.47%1.05%16.80%0.84%0.87%0.68%1.13%
Summary of Impaired Loans

The following table provides summary information regarding impaired loans at the dates indicated and for the periods then ended:

(In thousands)September 30, 2015December 31, 2014
Impaired loans with a specific allowance$9,654$11,411
Impaired loans without a specific allowance21,25118,008
Total impaired loans $30,905$29,419
Allowance for loan and lease losses related to impaired loans $3,002$2,894
Allowance for loan and lease losses related to loans collectively evaluated36,65934,908
Total allowance for loan and lease losses $39,661$37,802
Average impaired loans for the period$30,055$34,331
Contractual interest income due on impaired loans during the period$2,016$2,339
Interest income on impaired loans recognized on a cash basis$745$773
Interest income on impaired loans recognized on an accrual basis$239$280
Recorded Investment with Respect to Impaired loans, Associated Allowance by Applicable Portfolio Segment and Principal Balance of Impaired Loans Prior to Amounts Charged-Off

The following tables present the recorded investment with respect to impaired loans, the associated allowance by the applicable portfolio segment and the principal balance of the impaired loans prior to amounts charged-off at the dates indicated:

September 30, 2015
Commercial Real EstateTotal Recorded
CommercialAllInvestment in
CommercialCommercialOwnerOtherImpaired
(In thousands)CommercialAD&CInvestor R/EOccupied R/ELoansLoans
Impaired loans with a specific allowance
Non-accruing$1,140$57$2,589$4,139$-$7,925
Restructured accruing863----863
Restructured non-accruing162-65639-866
Balance$2,165$57$2,654$4,778$-$9,654
Allowance$1,278$57$709$958$-$3,002
Impaired loans without a specific allowance
Non-accruing$999$-$5,955$1,741$2,750$11,445
Restructured accruing616-2,0882402,6125,556
Restructured non-accruing1,580137-1,4131,1204,250
Balance$3,195$137$8,043$3,394$6,482$21,251
Total impaired loans
Non-accruing$2,139$57$8,544$5,880$2,750$19,370
Restructured accruing1,479-2,0882402,6126,419
Restructured non-accruing1,742137652,0521,1205,116
Balance$5,360$194$10,697$8,172$6,482$30,905
Unpaid principal balance in total impaired loans$7,483$4,456$15,355$10,076$7,184$44,554

September 30, 2015
Commercial Real EstateTotal Recorded
CommercialAllInvestment in
CommercialCommercialOwnerOtherImpaired
(In thousands)CommercialAD&CInvestor R/EOccupied R/ELoansLoans
Average impaired loans for the period$4,574$1,054$11,322$8,628$4,477$30,055
Contractual interest income due on impaired loans during the period$353$231$685$543$204
Interest income on impaired loans recognized on a cash basis$197$11$132$283$122
Interest income on impaired loans recognized on an accrual basis$73$-$81$9$76

December 31, 2014
Commercial Real EstateTotal Recorded
CommercialAllInvestment in
CommercialCommercialOwnerOtherImpaired
(In thousands)CommercialAD&CInvestor R/EOccupied R/ELoansLoans
Impaired loans with a specific allowance
Non-accruing$473$1,330$2,288$5,013$-$9,104
Restructured accruing687----687
Restructured non-accruing308-761,236-1,620
Balance$1,468$1,330$2,364$6,249$-$11,411
Allowance$788$741$541$824$-$2,894
Impaired loans without a specific allowance
Non-accruing$1,115$-$5,792$1,769$-$8,676
Restructured accruing23-2,123-2,6644,810
Restructured non-accruing1,2881,134-9231,1774,522
Balance$2,426$1,134$7,915$2,692$3,841$18,008
Total impaired loans
Non-accruing$1,588$1,330$8,080$6,782$-$17,780
Restructured accruing710-2,123-2,6645,497
Restructured non-accruing1,5961,134762,1591,1776,142
Balance$3,894$2,464$10,279$8,941$3,841$29,419
Unpaid principal balance in total impaired loans$5,360$7,044$14,926$10,729$4,126$42,185

December 31, 2014
Commercial Real EstateTotal Recorded
CommercialAllInvestment in
CommercialCommercialOwnerOtherImpaired
(In thousands)CommercialAD&CInvestor R/EOccupied R/ELoansLoans
Average impaired loans for the period$5,308$3,651$9,327$8,963$7,082$34,331
Contractual interest income due on impaired loans during the period$311$352$730$859$87
Interest income on impaired loans recognized on a cash basis$252$39$78$344$60
Interest income on impaired loans recognized on an accrual basis$63$-$111$-$106
Credit Quality of Loan Portfolio by Segment

The following tables provide information on the credit quality of the loan portfolio by segment at the dates indicated:

September 30, 2015
Commercial Real EstateResidential Real Estate
Commercial
CommercialCommercialOwnerResidentialResidential
(In thousands)CommercialAD&CInvestor R/EOccupied R/ELeasingConsumerMortgageConstructionTotal
Non-performing loans and assets:
Non-accrual loans and leases $3,881$194$8,609$7,932$-$1,621$7,488$770$30,495
Loans and leases 90 days past due----1---1
Restructured loans and leases1,479-2,088240--2,612-6,419
Total non-performing loans and leases5,36019410,6978,17211,62110,10077036,915
Other real estate owned 3936538--6901,487-2,619
Total non-performing assets$5,399$559$10,735$8,172$1$2,311$11,587$770$39,534

December 31, 2014
Commercial Real EstateResidential Real Estate
Commercial
CommercialCommercialOwnerResidentialResidential
(In thousands)CommercialAD&CInvestor R/EOccupied R/ELeasingConsumerMortgageConstructionTotal
Non-performing loans and assets:
Non-accrual loans and leases $3,184$2,464$8,156$8,941$-$1,668$3,012$1,105$28,530
Loans and leases 90 days past due---------
Restructured loans and leases710-2,123---2,664-5,497
Total non-performing loans and leases3,8942,46410,2798,941-1,6685,6761,10534,027
Other real estate owned 39365----1,4081,3833,195
Total non-performing assets$3,933$2,829$10,279$8,941$-$1,668$7,084$2,488$37,222

September 30, 2015
Commercial Real EstateResidential Real Estate
Commercial
CommercialCommercialOwnerResidentialResidential
(In thousands)CommercialAD&CInvestor R/EOccupied R/ELeasingConsumerMortgageConstructionTotal
Past due loans and leases
31-60 days $55$-$29$401$-$1,973$5,672$-$8,130
61-90 days425-1,415454-3933,208-5,895
> 90 days----1---1
Total past due480-1,44485512,3668,880-14,026
Non-accrual loans and leases 3,8811948,6097,932-1,6217,48877030,495
Loans acquired with deteriorated credit quality568--1,003----1,571
Current loans 418,926238,966700,641670,81118440,742757,521138,7223,366,347
Total loans and leases$423,855$239,160$710,694$680,601$19$444,729$773,889$139,492$3,412,439

December 31, 2014
Commercial Real EstateResidential Real Estate
Commercial
CommercialCommercialOwnerResidentialResidential
(In thousands)CommercialAD&CInvestor R/EOccupied R/ELeasingConsumerMortgageConstructionTotal
Past due loans and leases
31-60 days $759$-$2,374$2,658$11$797$3,064$-$9,663
61-90 days9953201,493156-179836-3,979
> 90 days---------
Total past due1,7543203,8672,814119763,900-13,642
Non-accrual loans and leases 3,1842,4648,1568,941-1,6683,0121,10528,530
Loans acquired with deteriorated credit quality1,238--1,773----3,011
Current loans 384,605202,340628,170597,53343422,908710,974135,6363,082,209
Total loans and leases$390,781$205,124$640,193$611,061$54$425,552$717,886$136,741$3,127,392
Restructured Loans for Specific Segments of Loan Portfolio

The following table provides the amounts of the restructured loans for specific segments of the loan portfolio during the period indicated:

For the Nine Months Ended September 30, 2015
Commercial Real Estate
CommercialAll
CommercialCommercialOwnerOther
(In thousands)CommercialAD&CInvestor R/EOccupied R/ELoansTotal
Troubled debt restructurings
Restructured accruing$875$-$-$240$-$1,115
Restructured non-accruing543--639-1,182
Balance$1,418$-$-$879$-$2,297
Specific allowance$272$-$-$149$-$421
Restructured and subsequently defaulted$-$-$-$-$-$-

For the Year Ended December 31, 2014
Commercial Real Estate
CommercialAll
CommercialCommercialOwnerOther
(In thousands)CommercialAD&CInvestor R/EOccupied R/ELoansTotal
Troubled debt restructurings
Restructured accruing$75$-$1,284$-$-$1,359
Restructured non-accruing92192---284
Balance$167$192$1,284$-$-$1,643
Specific allowance$99$-$-$-$-$99
Restructured and subsequently defaulted$-$-$-$-$-$-
Commercial  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Credit Risk Rating Indicators

The following tables provide information by credit risk rating indicators for each segment of the commercial loan portfolio at the dates indicated:

September 30, 2015
Commercial Real Estate
Commercial
CommercialCommercialOwner
(In thousands)CommercialAD&CInvestor R/EOccupied R/ETotal
Pass$404,966$238,965$697,533$659,219$2,000,683
Special Mention814-1,8611,9104,585
Substandard18,07519511,30019,47249,042
Doubtful -----
Total$423,855$239,160$710,694$680,601$2,054,310

December 31, 2014
Commercial Real Estate
Commercial
CommercialCommercialOwner
(In thousands)CommercialAD&CInvestor R/EOccupied R/ETotal
Pass$366,367$201,642$621,511$581,575$1,771,095
Special Mention8,8356983,9317,66921,133
Substandard15,5792,78414,75121,81754,931
Doubtful -----
Total$390,781$205,124$640,193$611,061$1,847,159
Non Commercial Loan  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Credit Risk Rating Indicators

Homogeneous loan pools do not have individual loans subjected to internal risk ratings therefore, the credit indicator applied to these pools is based on their delinquency status. The following tables provide information by credit risk rating indicators for those remaining segments of the loan portfolio at the dates indicated:

September 30, 2015
Residential Real Estate
ResidentialResidential
(In thousands)LeasingConsumerMortgageConstructionTotal
Performing$18$443,108$763,789$138,722$1,345,637
Non-performing:
90 days past due 1---1
Non-accruing -1,6217,4887709,879
Restructured loans and leases--2,612-2,612
Total $19$444,729$773,889$139,492$1,358,129

December 31, 2014
Residential Real Estate
ResidentialResidential
(In thousands)LeasingConsumerMortgageConstructionTotal
Performing$54$423,884$712,210$135,636$1,271,784
Non-performing:
90 days past due -----
Non-accruing -1,6683,0121,1055,785
Restructured loans and leases--2,664-2,664
Total $54$425,552$717,886$136,741$1,280,233