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Credit Quality Assessment (Tables)
 9 Months Ended
Sep. 30, 2013
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)
 
2013
 
2012
 
Balance at beginning of year
 
$
42,957
 
$
49,426
 
Provision (credit) for loan and lease losses
 
 
(1,670)
 
 
2,481
 
Loan and lease charge-offs
 
 
(9,639)
 
 
(11,456)
 
Loan and lease recoveries
 
 
7,774
 
 
2,167
 
Net charge-offs
 
 
(1,865)
 
 
(9,289)
 
Balance at period end
 
$
39,422
 
$
42,618
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, 2013
 
 
 
 
 
 
 
Commercial Real Estate
 
 
 
 
 
 
 
 
 
 
Residential Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
Commercial
 
 
Commercial
 
 
Owner
 
 
 
 
 
 
 
 
 
 
Residential
 
 
Residential
 
 
 
 
 
(Dollars in thousands)
 
Business
 
 
AD&C
 
 
Investor R/E
 
 
Occupied R/E
 
 
Leasing
 
 
Consumer
 
 
Mortgage
 
 
Construction
 
 
Total
 
Balance at beginning of year
 
$
6,495
 
 
$
4,737
 
 
$
9,583
 
 
$
6,997
 
 
$
332
 
 
$
3,846
 
 
$
8,522
 
 
$
2,445
 
 
$
42,957
 
Provision (credit)
 
 
1,332
 
 
 
(4,037)
 
 
 
1,026
 
 
 
(642)
 
 
 
(321)
 
 
 
1,204
 
 
 
231
 
 
 
(463)
 
 
 
(1,670)
 
Charge-offs
 
 
(2,405)
 
 
 
-
 
 
 
(4,744)
 
 
 
(229)
 
 
 
-
 
 
 
(1,327)
 
 
 
(829)
 
 
 
(105)
 
 
 
(9,639)
 
Recoveries
 
 
692
 
 
 
3,080
 
 
 
3,347
 
 
 
332
 
 
 
10
 
 
 
160
 
 
 
144
 
 
 
9
 
 
 
7,774
 
Net charge-offs
 
 
(1,713)
 
 
 
3,080
 
 
 
(1,397)
 
 
 
103
 
 
 
10
 
 
 
(1,167)
 
 
 
(685)
 
 
 
(96)
 
 
 
(1,865)
 
Balance at end of period
 
$
6,114
 
 
$
3,780
 
 
$
9,212
 
 
$
6,458
 
 
$
21
 
 
$
3,883
 
 
$
8,068
 
 
$
1,886
 
 
$
39,422
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total loans and leases
 
$
332,670
 
 
$
158,739
 
 
$
518,029
 
 
$
569,350
 
 
$
962
 
 
$
368,764
 
 
$
595,180
 
 
$
118,316
 
 
$
2,662,010
 
Allowance for loans and leases to total loans and leases ratio
 
 
1.84
%
 
 
2.38
%
 
 
1.78
%
 
 
1.13
%
 
 
2.18
%
 
 
1.05
%
 
 
1.36
%
 
 
1.59
%
 
 
1.48
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance of loans specifically evaluated for impairment
 
$
6,562
 
 
$
5,086
 
 
$
7,729
 
 
$
5,385
 
 
 
na.
 
 
$
29
 
 
$
4,438
 
 
$
1,860
 
 
$
31,089
 
Allowance for loans specifically evaluated for impairment
 
$
1,550
 
 
$
946
 
 
$
146
 
 
$
391
 
 
 
na.
 
 
 
na.
 
 
$
650
 
 
$
547
 
 
$
4,230
 
Specific allowance to specific loans ratio
 
 
23.62
%
 
 
18.60
%
 
 
1.89
%
 
 
7.26
%
 
 
na.
 
 
 
na.
 
 
 
14.65
%
 
 
29.41
%
 
 
13.61
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance of loans collectively evaluated
 
$
326,108
 
 
$
153,653
 
 
$
510,300
 
 
$
563,965
 
 
$
962
 
 
$
368,735
 
 
$
590,742
 
 
$
116,456
 
 
$
2,630,921
 
Allowance for loans collectively evaluated
 
$
4,564
 
 
$
2,834
 
 
$
9,066
 
 
$
6,067
 
 
$
21
 
 
$
3,883
 
 
$
7,418
 
 
$
1,339
 
 
$
35,192
 
Collective allowance to collective loans ratio
 
 
1.40
%
 
 
1.84
%
 
 
1.78
%
 
 
1.08
%
 
 
2.18
%
 
 
1.05
%
 
 
1.26
%
 
 
1.15
%
 
 
1.34
%
 
 
 
For the Year Ended December 31, 2012
 
 
 
 
 
 
 
Commercial Real Estate
 
 
 
 
 
 
 
 
 
 
Residential Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
Commercial
 
 
Commercial
 
 
Owner
 
 
 
 
 
 
 
 
 
 
Residential
 
 
Residential
 
 
 
 
 
(Dollars in thousands)
 
Business
 
 
AD&C
 
 
Investor R/E
 
 
Occupied R/E
 
 
Leasing
 
 
Consumer
 
 
Mortgage
 
 
Construction
 
 
Total
 
Balance at beginning of year
 
$
6,727
 
 
$
6,664
 
 
$
8,248
 
 
$
7,329
 
 
$
795
 
 
$
4,873
 
 
$
10,583
 
 
$
4,207
 
 
$
49,426
 
Provision (credit)
 
 
(758)
 
 
 
826
 
 
 
4,928
 
 
 
804
 
 
 
(478)
 
 
 
44
 
 
 
(167)
 
 
 
(1,550)
 
 
 
3,649
 
Charge-offs
 
 
(1,022)
 
 
 
(3,281)
 
 
 
(3,690)
 
 
 
(1,174)
 
 
 
(8)
 
 
 
(1,298)
 
 
 
(2,107)
 
 
 
(224)
 
 
 
(12,804)
 
Recoveries
 
 
1,548
 
 
 
528
 
 
 
97
 
 
 
38
 
 
 
23
 
 
 
227
 
 
 
213
 
 
 
12
 
 
 
2,686
 
Net charge-offs
 
 
526
 
 
 
(2,753)
 
 
 
(3,593)
 
 
 
(1,136)
 
 
 
15
 
 
 
(1,071)
 
 
 
(1,894)
 
 
 
(212)
 
 
 
(10,118)
 
Balance at end of period
 
$
6,495
 
 
$
4,737
 
 
$
9,583
 
 
$
6,997
 
 
$
332
 
 
$
3,846
 
 
$
8,522
 
 
$
2,445
 
 
$
42,957
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total loans and leases
 
$
346,708
 
 
$
151,933
 
 
$
456,888
 
 
$
571,510
 
 
$
3,421
 
 
$
356,990
 
 
$
523,364
 
 
$
120,314
 
 
$
2,531,128
 
Allowance for loans and leases to total loans and leases ratio
 
 
1.87
%
 
 
3.12
%
 
 
2.10
%
 
 
1.22
%
 
 
9.70
%
 
 
1.08
%
 
 
1.63
%
 
 
2.03
%
 
 
1.70
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance of loans specifically evaluated for impairment
 
$
8,984
 
 
$
6,332
 
 
$
11,843
 
 
$
15,184
 
 
 
na.
 
 
$
31
 
 
$
4,528
 
 
$
1,871
 
 
$
48,773
 
Allowance for loans specifically evaluated for impairment
 
$
2,597
 
 
$
-
 
 
$
774
 
 
$
598
 
 
 
na.
 
 
 
na.
 
 
$
713
 
 
$
467
 
 
$
5,149
 
Specific allowance to specific loans ratio
 
 
28.91
%
 
 
-
 
 
 
6.54
%
 
 
3.94
%
 
 
na.
 
 
 
na.
 
 
 
15.75
%
 
 
24.96
%
 
 
10.56
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance of loans collectively evaluated
 
$
337,724
 
 
$
145,601
 
 
$
445,045
 
 
$
556,326
 
 
$
3,421
 
 
$
356,959
 
 
$
518,836
 
 
$
118,443
 
 
$
2,482,355
 
Allowance for loans collectively evaluated
 
$
3,898
 
 
$
4,737
 
 
$
8,809
 
 
$
6,399
 
 
$
332
 
 
$
3,846
 
 
$
7,809
 
 
$
1,978
 
 
$
37,808
 
Collective allowance to collective loans ratio
 
 
1.15
%
 
 
3.25
%
 
 
1.98
%
 
 
1.15
%
 
 
9.70
%
 
 
1.08
%
 
 
1.51
%
 
 
1.67
%
 
 
1.52
%
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, 2013
 
December 31, 2012
 
Impaired loans with a specific allowance
 
$
15,142
 
$
27,526
 
Impaired loans without a specific allowance
 
 
15,947
 
 
21,247
 
Total impaired loans
 
$
31,089
 
$
48,773
 
 
 
 
 
 
 
 
 
Allowance for loan and lease losses related to impaired loans
 
$
4,230
 
$
5,149
 
Allowance for loan and lease losses related to loans collectively evaluated
 
 
35,192
 
 
37,808
 
Total allowance for loan and lease losses
 
$
39,422
 
$
42,957
 
 
 
 
 
 
 
 
 
Average impaired loans for the period
 
$
39,843
 
$
57,438
 
Contractual interest income due on impaired loans during the period
 
$
2,292
 
$
4,433
 
Interest income on impaired loans recognized on a cash basis
 
$
1,694
 
$
1,121
 
Interest income on impaired loans recognized on an accrual basis
 
$
332
 
$
560
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, 2013
 
 
 
 
 
 
Commercial Real Estate
 
 
 
 
Total Recorded
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
All
 
Investment in
 
 
 
 
 
 
Commercial
 
Commercial
 
Owner
 
Other
 
Impaired
 
(In thousands)
 
Commercial
 
AD&C
 
Investor R/E
 
Occupied R/E
 
Loans
 
Loans
 
Impaired loans with a specific allowance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-accruing
 
$
1,189
 
$
1,379
 
$
770
 
$
207
 
$
-
 
$
3,545
 
Restructured accruing
 
 
905
 
 
-
 
 
-
 
 
995
 
 
2,379
 
 
4,279
 
Restructured non-accruing
 
 
266
 
 
2,439
 
 
-
 
 
2,581
 
 
2,032
 
 
7,318
 
Balance
 
$
2,360
 
$
3,818
 
$
770
 
$
3,783
 
$
4,411
 
$
15,142
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance
 
$
1,550
 
$
946
 
$
146
 
$
391
 
$
1,197
 
$
4,230
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impaired loans without a specific allowance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-accruing
 
$
1,079
 
$
1,268
 
$
5,483
 
$
675
 
$
-
 
$
8,505
 
Restructured accruing
 
 
1,607
 
 
-
 
 
852
 
 
188
 
 
1,128
 
 
3,775
 
Restructured non-accruing
 
 
1,516
 
 
-
 
 
624
 
 
739
 
 
788
 
 
3,667
 
Balance
 
$
4,202
 
$
1,268
 
$
6,959
 
$
1,602
 
$
1,916
 
$
15,947
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total impaired loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-accruing
 
$
2,268
 
$
2,647
 
$
6,253
 
$
882
 
$
-
 
$
12,050
 
Restructured accruing
 
 
2,512
 
 
-
 
 
852
 
 
1,183
 
 
3,507
 
 
8,054
 
Restructured non-accruing
 
 
1,782
 
 
2,439
 
 
624
 
 
3,320
 
 
2,820
 
 
10,985
 
Balance
 
$
6,562
 
$
5,086
 
$
7,729
 
$
5,385
 
$
6,327
 
$
31,089
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unpaid principal balance in total impaired loans
 
$
8,645
 
$
13,448
 
$
12,585
 
$
7,028
 
$
6,944
 
$
48,650
 
 
 
September 30, 2013
 
 
 
 
 
 
Commercial Real Estate
 
 
 
 
Total Recorded
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
All
 
Investment in
 
 
 
 
 
 
Commercial
 
Commercial
 
Owner
 
Other
 
Impaired
 
(In thousands)
 
Commercial
 
AD&C
 
Investor R/E
 
Occupied R/E
 
Loans
 
Loans
 
Average impaired loans for the period
 
$
7,539
 
$
5,782
 
$
11,343
 
$
8,705
 
$
6,474
 
$
39,843
 
Contractual interest income due on impaired loans during the period
 
$
481
 
$
590
 
$
430
 
$
578
 
$
213
 
 
 
 
Interest income on impaired loans recognized on a cash basis
 
$
250
 
$
269
 
$
74
 
$
1,010
 
$
91
 
 
 
 
Interest income on impaired loans recognized on an accrual basis
 
$
117
 
$
-
 
$
23
 
$
58
 
$
134
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
Commercial Real Estate
 
 
 
 
Total Recorded
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
All
 
Investment in
 
 
 
 
 
 
Commercial
 
Commercial
 
Owner
 
Other
 
Impaired
 
(In thousands)
 
Commercial
 
AD&C
 
Investor R/E
 
Occupied R/E
 
Loans
 
Loans
 
Impaired loans with a specific allowance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-accruing
 
$
2,514
 
$
-
 
$
10,219
 
$
4,319
 
$
-
 
$
17,052
 
Restructured accruing
 
 
2,981
 
 
-
 
 
-
 
 
1,503
 
 
3,419
 
 
7,903
 
Restructured non-accruing
 
 
228
 
 
-
 
 
-
 
 
1,039
 
 
1,304
 
 
2,571
 
Balance
 
$
5,723
 
$
-
 
$
10,219
 
$
6,861
 
$
4,723
 
$
27,526
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance
 
$
2,597
 
$
-
 
$
774
 
$
598
 
$
1,180
 
$
5,149
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impaired loans without a specific allowance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-accruing
 
$
1,846
 
$
3,033
 
$
577
 
$
6,191
 
$
-
 
$
11,647
 
Restructured accruing
 
 
1,392
 
 
-
 
 
-
 
 
-
 
 
815
 
 
2,207
 
Restructured non-accruing
 
 
23
 
 
3,299
 
 
1,047
 
 
2,132
 
 
892
 
 
7,393
 
Balance
 
$
3,261
 
$
6,332
 
$
1,624
 
$
8,323
 
$
1,707
 
$
21,247
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total impaired loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-accruing
 
$
4,360
 
$
3,033
 
$
10,796
 
$
10,510
 
$
-
 
$
28,699
 
Restructured accruing
 
 
4,373
 
 
-
 
 
-
 
 
1,503
 
 
4,234
 
 
10,110
 
Restructured non-accruing
 
 
251
 
 
3,299
 
 
1,047
 
 
3,171
 
 
2,196
 
 
9,964
 
Balance
 
$
8,984
 
$
6,332
 
$
11,843
 
$
15,184
 
$
6,430
 
$
48,773
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unpaid principal balance in total impaired loans
 
$
11,506
 
$
21,590
 
$
15,405
 
$
17,928
 
$
6,904
 
$
73,333
 
 
 
 
December 31, 2012
 
 
 
 
 
 
Commercial Real Estate
 
 
 
 
Total Recorded
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
All
 
Investment in
 
 
 
 
 
 
Commercial
 
Commercial
 
Owner
 
Other
 
Impaired
 
(In thousands)
 
Commercial
 
AD&C
 
Investor R/E
 
Occupied R/E
 
Loans
 
Loans
 
Average impaired loans for the period
 
$
8,659
 
$
12,270
 
$
13,838
 
$
16,172
 
$
6,499
 
$
57,438
 
Contractual interest income due on impaired loans during the period
 
$
527
 
$
1,222
 
$
1,181
 
$
1,391
 
$
112
 
 
 
 
Interest income on impaired loans recognized on a cash basis
 
$
121
 
$
323
 
$
175
 
$
420
 
$
82
 
 
 
 
Interest income on impaired loans recognized on an accrual basis
 
$
257
 
$
-
 
$
-
 
$
102
 
$
201
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, 2013
 
 
 
 
 
 
Commercial Real Estate
 
 
 
 
 
 
 
Residential Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
Commercial
 
Owner
 
 
 
 
 
 
 
Residential
 
Residential
 
 
 
 
(In thousands)
 
Commercial
 
AD&C
 
Investor R/E
 
Occupied R/E
 
Leasing
 
Consumer
 
Mortgage
 
Construction
 
Total
 
Non-performing loans and assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-accrual loans and leases
 
$
4,050
 
$
5,086
 
$
6,877
 
$
4,202
 
$
-
 
$
2,004
 
$
5,643
 
$
2,327
 
$
30,189
 
Loans and leases 90 days past due
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
10
 
 
-
 
 
-
 
 
10
 
Restructured loans and leases
 
 
2,512
 
 
-
 
 
852
 
 
1,183
 
 
-
 
 
29
 
 
3,478
 
 
-
 
 
8,054
 
Total non-performing loans and leases
 
 
6,562
 
 
5,086
 
 
7,729
 
 
5,385
 
 
-
 
 
2,043
 
 
9,121
 
 
2,327
 
 
38,253
 
Other real estate owned
 
 
408
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
1,254
 
 
-
 
 
1,662
 
Total non-performing assets
 
$
6,970
 
$
5,086
 
$
7,729
 
$
5,385
 
$
-
 
$
2,043
 
$
10,375
 
$
2,327
 
$
39,915
 
 
 
 
December 31, 2012
 
 
 
 
 
 
Commercial Real Estate
 
 
 
 
 
 
 
Residential Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
Commercial
 
Owner
 
 
 
 
 
 
 
Residential
 
Residential
 
 
 
 
(In thousands)
 
Commercial
 
AD&C
 
Investor R/E
 
Occupied R/E
 
Leasing
 
Consumer
 
Mortgage
 
Construction
 
Total
 
Non-performing loans and assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-accrual loans and leases
 
$
4,611
 
$
6,332
 
$
11,843
 
$
13,681
 
$
865
 
$
2,410
 
$
4,681
 
$
3,125
 
$
47,548
 
Loans and leases 90 days past due
 
 
24
 
 
-
 
 
-
 
 
209
 
 
-
 
 
14
 
 
-
 
 
-
 
 
247
 
Restructured loans and leases
 
 
4,373
 
 
-
 
 
-
 
 
1,503
 
 
-
 
 
31
 
 
4,203
 
 
-
 
 
10,110
 
Total non-performing loans and leases
 
 
9,008
 
 
6,332
 
 
11,843
 
 
15,393
 
 
865
 
 
2,455
 
 
8,884
 
 
3,125
 
 
57,905
 
Other real estate owned
 
 
1,829
 
 
-
 
 
220
 
 
2,396
 
 
-
 
 
-
 
 
1,401
 
 
80
 
 
5,926
 
Total non-performing assets
 
$
10,837
 
$
6,332
 
$
12,063
 
$
17,789
 
$
865
 
$
2,455
 
$
10,285
 
$
3,205
 
$
63,831
 
 
 
 
September 30, 2013
 
 
 
 
 
 
Commercial Real Estate
 
 
 
 
 
 
 
Residential Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
Commercial
 
Owner
 
 
 
 
 
 
 
Residential
 
Residential
 
 
 
 
(In thousands)
 
Commercial
 
AD&C
 
Investor R/E
 
Occupied R/E
 
Leasing
 
Consumer
 
Mortgage
 
Construction
 
Total
 
Past due loans and leases
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
31-60 days
 
$
4,989
 
$
-
 
$
5,901
 
$
3,540
 
$
-
 
$
713
 
$
5,985
 
$
-
 
$
21,128
 
61-90 days
 
 
984
 
 
382
 
 
78
 
 
5,022
 
 
-
 
 
596
 
 
-
 
 
-
 
 
7,062
 
> 90 days
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
10
 
 
-
 
 
-
 
 
10
 
Total past due
 
 
5,973
 
 
382
 
 
5,979
 
 
8,562
 
 
-
 
 
1,319
 
 
5,985
 
 
-
 
 
28,200
 
Non-accrual loans and leases
 
 
4,050
 
 
5,086
 
 
6,877
 
 
4,202
 
 
-
 
 
2,004
 
 
5,643
 
 
2,327
 
 
30,189
 
Loans aquired with deteriorated credit quality
 
 
1,655
 
 
-
 
 
1,598
 
 
2,635
 
 
-
 
 
-
 
 
-
 
 
-
 
 
5,888
 
Current loans
 
 
320,992
 
 
153,271
 
 
503,575
 
 
553,951
 
 
962
 
 
365,441
 
 
583,552
 
 
115,989
 
 
2,597,733
 
Total loans and leases
 
$
332,670
 
$
158,739
 
$
518,029
 
$
569,350
 
$
962
 
$
368,764
 
$
595,180
 
$
118,316
 
$
2,662,010
 
 
 
 
December 31, 2012
 
 
 
 
 
 
Commercial Real Estate
 
 
 
 
 
 
 
Residential Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
Commercial
 
Owner
 
 
 
 
 
 
 
Residential
 
Residential
 
 
 
 
(In thousands)
 
Commercial
 
AD&C
 
Investor R/E
 
Occupied R/E
 
Leasing
 
Consumer
 
Mortgage
 
Construction
 
Total
 
Past due loans and leases
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
31-60 days
 
$
2,138
 
$
-
 
$
2,020
 
$
1,556
 
$
7
 
$
496
 
$
5,443
 
$
-
 
$
11,660
 
61-90 days
 
 
212
 
 
-
 
 
-
 
 
1,809
 
 
68
 
 
101
 
 
1,603
 
 
-
 
 
3,793
 
> 90 days
 
 
24
 
 
-
 
 
-
 
 
209
 
 
-
 
 
14
 
 
-
 
 
-
 
 
247
 
Total past due
 
 
2,374
 
 
-
 
 
2,020
 
 
3,574
 
 
75
 
 
611
 
 
7,046
 
 
-
 
 
15,700
 
Non-accrual loans and leases
 
 
4,611
 
 
6,332
 
 
11,843
 
 
13,681
 
 
865
 
 
2,410
 
 
4,681
 
 
3,125
 
 
47,548
 
Loans aquired with deteriorated credit quality
 
 
1,978
 
 
332
 
 
949
 
 
3,941
 
 
-
 
 
-
 
 
-
 
 
-
 
 
7,200
 
Current loans
 
 
337,745
 
 
145,269
 
 
442,076
 
 
550,314
 
 
2,481
 
 
353,969
 
 
511,637
 
 
117,189
 
 
2,460,680
 
Total loans and leases
 
$
346,708
 
$
151,933
 
$
456,888
 
$
571,510
 
$
3,421
 
$
356,990
 
$
523,364
 
$
120,314
 
$
2,531,128
Restructured Loans for Specific Segments of Loan Portfolio
The following table provides the amounts of the restructured loans at the date of restructuring for specific segments of the loan portfolio during the period indicated:
 
 
 
For the Nine Months Ended September 30, 2013
 
 
 
 
 
 
Commercial Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
All
 
 
 
 
 
 
 
 
 
Commercial
 
Commercial
 
Owner
 
Other
 
 
 
 
(In thousands)
 
Commercial
 
AD&C
 
Investor R/E
 
Occupied R/E
 
Loans
 
Total
 
Troubled debt restructurings
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Restructured accruing
 
$
483
 
$
-
 
$
852
 
$
-
 
$
-
 
$
1,335
 
Restructured non-accruing
 
 
221
 
 
-
 
 
-
 
 
-
 
 
-
 
 
221
 
Balance
 
$
704
 
$
-
 
$
852
 
$
-
 
$
-
 
$
1,556
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Specific allowance
 
$
22
 
$
-
 
$
-
 
$
-
 
$
-
 
$
22
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Restructured and subsequently defaulted
 
$
-
 
$
-
 
$
-
 
$
-
 
$
-
 
$
-
 
 
 
 
For the Year Ended December 31, 2012
 
 
 
 
 
 
Commercial Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
All
 
 
 
 
 
 
 
 
 
Commercial
 
Commercial
 
Owner
 
Other
 
 
 
 
(In thousands)
 
Commercial
 
AD&C
 
Investor R/E
 
Occupied R/E
 
Loans
 
Total
 
Troubled debt restructurings
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Restructured accruing
 
$
2,600
 
$
-
 
$
-
 
$
1,014
 
$
-
 
$
3,614
 
Restructured non-accruing
 
 
-
 
 
-
 
 
-
 
 
-
 
 
1,304
 
 
1,304
 
Balance
 
$
2,600
 
$
-
 
$
-
 
$
1,014
 
$
1,304
 
$
4,918
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Specific allowance
 
$
552
 
$
-
 
$
-
 
$
204
 
$
467
 
$
1,223
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Restructured and subsequently defaulted
 
$
-
 
$
-
 
$
-
 
$
-
 
$
-
 
$
-
Changes in Accretable Discount Related to Acquired Credit Impaired Loans
Changes in the accretable yield related to loans acquired with evidence of deteriorated credit quality are as follows:
 
(In thousands)
 
Amount
 
Balance at January 1, 2013
 
$
693
 
Accretion recognized to date
 
 
(333)
 
Net reclassification from accretable to non-accretable
 
 
-
 
Balance at September 30, 2013
 
$
360
Commercial
  
Credit Risk Rating Indicators
The following tables provide information by credit risk rating indicators for each segment of the commercial loan portfolio for the dates indicated:
 
 
 
September 30, 2013
 
 
 
 
 
 
Commercial Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
Commercial
 
Commercial
 
Owner
 
 
 
 
(In thousands)
 
Commercial
 
AD&C
 
Investor R/E
 
Occupied R/E
 
Total
 
Pass
 
$
292,973
 
$
151,546
 
$
493,523
 
$
528,610
 
$
1,466,652
 
Special Mention
 
 
19,345
 
 
109
 
 
1,713
 
 
17,300
 
 
38,467
 
Substandard
 
 
20,063
 
 
7,084
 
 
22,750
 
 
23,440
 
 
73,337
 
Doubtful
 
 
289
 
 
-
 
 
43
 
 
-
 
 
332
 
Total
 
$
332,670
 
$
158,739
 
$
518,029
 
$
569,350
 
$
1,578,788
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
Commercial Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
Commercial
 
Commercial
 
Owner
 
 
 
 
(In thousands)
 
Commercial
 
AD&C
 
Investor R/E
 
Occupied R/E
 
Total
 
Pass
 
$
305,348
 
$
141,802
 
$
405,448
 
$
520,844
 
$
1,373,442
 
Special Mention
 
 
13,603
 
 
1,793
 
 
21,963
 
 
17,262
 
 
54,621
 
Substandard
 
 
26,091
 
 
8,338
 
 
28,885
 
 
32,613
 
 
95,927
 
Doubtful
 
 
1,666
 
 
-
 
 
592
 
 
791
 
 
3,049
 
Total
 
$
346,708
 
$
151,933
 
$
456,888
 
$
571,510
 
$
1,527,039
Non Commercial Loan
  
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, 2013
 
 
 
 
 
 
 
 
 
Residential Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
Residential
 
Residential
 
 
 
 
(In thousands)
 
Leasing
 
Consumer
 
Mortgage
 
Construction
 
Total
 
Performing
 
$
962
 
$
366,721
 
$
586,059
 
$
115,989
 
$
1,069,731
 
Non-performing:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
90 days past due
 
 
-
 
 
10
 
 
-
 
 
-
 
 
10
 
Non-accruing
 
 
-
 
 
2,004
 
 
5,643
 
 
2,327
 
 
9,974
 
Restructured loans and leases
 
 
-
 
 
29
 
 
3,478
 
 
-
 
 
3,507
 
Total
 
$
962
 
$
368,764
 
$
595,180
 
$
118,316
 
$
1,083,222
 
 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
Residential Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
Residential
 
Residential
 
 
 
 
(In thousands)
 
Leasing
 
Consumer
 
Mortgage
 
Construction
 
Total
 
Performing
 
$
2,556
 
$
354,535
 
$
514,480
 
$
117,189
 
$
988,760
 
Non-performing:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
90 days past due
 
 
-
 
 
14
 
 
-
 
 
-
 
 
14
 
Non-accruing
 
 
865
 
 
2,410
 
 
4,681
 
 
3,125
 
 
11,081
 
Restructured loans and leases
 
 
-
 
 
31
 
 
4,203
 
 
-
 
 
4,234
 
Total
 
$
3,421
 
$
356,990
 
$
523,364
 
$
120,314
 
$
1,004,089