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Loans (Tables)
 6 Months Ended 9 Months Ended
Jun. 30, 2013
Sep. 30, 2012
Loans [Abstract]    
Schedule of allowance for loan losses and the carrying amount of loans
The following tables present the allowance for loan losses and the carrying amount of loans based on management's overall assessment of probable incurred losses (in $1,000s), and should not be interpreted as an indication of future charge-offs:

 
 
June 30, 2013
 
 
 
Secured by Real Estate
  
  
  
  
  
 
 
 
Commercial
  
Residential
(including
multi-
family)
  
Construction,
Land
Development
and Other
Land
  
Commercial
and Other
Business-
Purpose
Loans
  
Consumer
  
Other
  
Unallocated
  
Total
 
 
 
  
  
  
  
  
  
  
 
Allowance for loan
losses:
 
  
  
  
  
  
  
  
 
Individually
evaluated for
impairment
 
$
5,882
  
$
2,530
  
$
1,121
  
$
1,014
  
$
60
  
  
  
$
10,607
 
Collectively
evaluated for
probable incurred
losses
  
8,645
   
4,845
   
932
   
2,042
   
365
  
$
390
  
$
9,378
   
26,597
 
 
                                
Total allowance
for loan losses
 
$
14,527
  
$
7,375
  
$
2,053
  
$
3,056
  
$
425
  
$
390
  
$
9,378
  
$
37,204
 
 
                                
Portfolio loans:
                                
Individually
evaluated for
impairment
 
$
98,529
  
$
24,271
  
$
9,630
  
$
10,353
  
$
81
          
$
142,864
 
Collectively
evaluated for
probable incurred
losses
  
491,344
   
158,355
   
28,667
   
74,547
   
6,023
  
$
3,928
       
762,864
 
 
                                
Total portfolio
loans
 
$
589,873
  
$
182,626
  
$
38,297
  
$
84,900
  
$
6,104
  
$
3,928
      
$
905,728
 


 
 
December 31, 2012 (As Adjusted – Note C)
 
 
 
Secured by Real Estate
  
  
  
  
  
 
 
 
Commercial
  
Residential
(including
multi-
family)
  
Construction,
Land
Development
and Other
Land
  
Commercial
and Other
Business-
Purpose
Loans
  
Consumer
  
Other
  
Unallocated
  
Total
 
 
 
  
  
  
  
  
  
  
 
Allowance for loan
losses:
 
  
  
  
  
  
  
  
 
Individually
evaluated for
impairment
 
$
7,444
  
$
2,668
  
$
1,011
  
$
1,327
  
$
56
  
  
  
$
12,506
 
Collectively
evaluated for
probable incurred
losses
  
10,594
   
6,796
   
1,310
   
3,563
   
948
  
$
4
  
$
20,895
   
44,110
 
 
                                
Total allowance
for loan losses
 
$
18,038
  
$
9,464
  
$
2,321
  
$
4,890
  
$
1,004
  
$
4
  
$
20,895
  
$
56,616
 
 
                                
Portfolio loans:
                                
Individually
evaluated for
impairment
 
$
114,039
  
$
34,763
  
$
11,765
  
$
12,577
  
$
89
          
$
173,233
 
Collectively
evaluated for
probable incurred
losses
  
590,090
   
195,092
   
35,368
   
105,997
   
7,847
  
$
2,041
       
936,435
 
 
                                
Total portfolio loans
 
$
704,129
  
$
229,855
  
$
47,133
  
$
118,574
  
$
7,936
  
$
$ 2,041
      
$
1,109,668
 
 

 
  
Schedule of summarize activity in the allowance for loan losses
The tables below summarize activity in the allowance for loan losses for the three and six months ended June 30, 2013 and 2012 (in $1,000s) by loan type:

 
 
Three months ended June 30, 2013
 
 
 
Secured by Real Estate
  
  
  
  
  
 
 
 
Commercial
  
Residential
(including
multi-
family)
  
Construction,
Land
Development
and Other
Land
  
Commercial
and Other
Business-
Purpose
Loans
  
Consumer
  
Other
  
Unallocated
  
Total
 
 
 
  
  
  
  
  
  
  
 
Beginning balance
 
$
18,260
  
$
7,994
  
$
2,238
  
$
4,882
  
$
259
  
$
141
  
$
19,091
  
$
52,865
 
 
                                
Charge-offs
  
(3,362
)
  
(1,280
)
  
(435
)
  
(220
)
  
(285
)
  
 
       
(5,582
)
Recoveries
  
694
   
580
   
153
   
668
   
22
   
 
       
2,117
 
Net charge-offs
  
(2,668
)
  
(700
)
  
(282
)
  
448
   
(263
)
  
 
       
(3,465
)
 
                                
Provision for loan
losses
  
559
   
582
   
202
   
(2,042
)
  
446
   
257
   
(12,200
)
  
(12,196
)
 
                                
Net change in
unallocated
allowance
  
(1,624
)
  
(501
)
  
(105
)
  
(232
)
  
(17
)
  
(8
)
  
2,487
     
 
                                
Ending balance
 
$
14,527
  
$
7,375
  
$
2,053
  
$
3,056
  
$
425
  
$
390
  
$
9,378
  
$
37,204
 


 
 
Six months ended June 30, 2013
 
 
 
Secured by Real Estate
  
  
  
  
  
 
 
 
Commercial
  
Residential
(including
multi-
family)
  
Construction,
Land
Development
and Other
Land
  
Commercial
and Other
Business-
Purpose
Loans
  
Consumer
  
Other
  
Unallocated
  
Total
 
 
 
  
  
  
  
  
  
  
 
Beginning balance
 
$
18,038
  
$
9,464
  
$
2,321
  
$
4,890
  
$
1,004
  
$
4
  
$
20,895
  
$
56,616
 
 
                                
Less allowance for
deconsolidated  
subsidiary – Note H
  
(765
)
  
(869
)
  
(53
)
  
(422
)
  
(48
)
          
(2,157
)
 
                                
Charge-offs
  
(5,701
)
  
(2,561
)
  
(2,715
)
  
(1,031
)
  
(411
)
  
(7
)
      
(12,426
)
Recoveries
  
2,260
   
1,666
   
1,936
   
1,213
   
76
   
 
       
7,151
 
Net charge-offs
  
(3,441
)
  
(895
)
  
(779
)
  
182
   
(335
)
  
(7
)
      
(5,275
)
 
                                
Provision for loan
losses
  
1,141
   
(188
)
  
593
   
(1,530
)
  
(191
)
  
395
   
(12,200
)
  
(11,980
)
 
                                
Net change in
unallocated
allowance
  
(446
)
  
(137
)
  
(29
)
  
(64
)
  
(5
)
  
(2
)
  
683
     
 
                                
Ending balance
 
$
14,527
  
$
7,375
  
$
2,053
  
$
3,056
  
$
425
  
$
390
  
$
9,378
  
$
37,204
 

 
 
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
CAPITOL BANCORP LIMITED (DEBTOR-IN-POSSESSION)
 
Note F – Loans – Continued
 
 
 
Three months ended June 30, 2012
 
 
 
Secured by Real Estate
  
  
  
  
  
 
 
 
Commercial
  
Residential
(including
multi-
family)
  
Construction,
Land
Development
and Other
Land
  
Commercial
and Other
Business-
Purpose
Loans
  
Consumer
  
Other
  
Unallocated
  
Total
 
 
 
  
  
  
  
  
  
  
 
Beginning balance
 
$
26,198
  
$
14,462
  
$
7,690
  
$
10,666
  
$
394
  
$
13
  
$
11,586
  
$
71,009
 
 
                                
Charge-offs
  
(3,478
)
  
(2,369
)
  
(1,190
)
  
(4,470
)
  
(11
)
  
(679
)
      
(12,197
)
Recoveries
  
1,569
   
538
   
362
   
2,876
   
78
   
 
       
5,423
 
Net charge-offs
  
(1,909
)
  
(1,831
)
  
(828
)
  
(1,594
)
  
67
   
(679
)
      
(6,774
)
 
                                
Provision for loan
losses
  
2,164
   
(249
)
  
(3,039
)
  
490
   
(175
)
  
1,039
       
230
 
 
                                
Net change in
unallocated
allowance
  
(940
)
  
(315
)
  
(86
)
  
(172
)
  
(12
)
  
(3
)
  
1,528
     
 
                                
Ending balance
 
$
25,513
  
$
12,067
  
$
3,737
  
$
9,390
  
$
274
  
$
370
  
$
13,114
  
$
64,465
 

 
 
Six months ended June 30, 2012
 
 
 
Secured by Real Estate
  
  
  
  
  
 
 
 
Commercial
  
Residential
(including
multi-
family)
  
Construction,
Land
Development
and Other
Land
  
Commercial
and Other
Business-
Purpose
Loans
  
Consumer
  
Other
  
Unallocated
  
Total
 
 
 
  
  
  
  
  
  
  
 
Beginning balance
 
$
32,854
  
$
17,415
  
$
8,727
  
$
12,283
  
$
601
  
$
17
  
$
4,447
  
$
76,344
 
 
                                
Charge-offs
  
(8,918
)
  
(6,476
)
  
(3,340
)
  
(6,183
)
  
(228
)
  
(679
)
      
(25,824
)
Recoveries
  
3,959
   
3,627
   
1,125
   
4,199
   
137
   
7
       
13,054
 
Net charge-offs
  
(4,959
)
  
(2,849
)
  
(2,215
)
  
(1,984
)
  
(91
)
  
(672
)
      
(12,770
)
 
                                
Provision for loan
losses
  
2,952
   
(714
)
  
(2,286
)
  
69
   
(169
)
  
1,039
       
891
 
 
                                
Net change in
unallocated
allowance
  
(5,334
)
  
(1,785
)
  
(489
)
  
(978
)
  
(67
)
  
(14
)
  
8,667
     
 
                                
Ending balance
 
$
25,513
  
$
12,067
  
$
3,737
  
$
9,390
  
$
274
  
$
370
  
$
13,114
  
$
64,465
 

  
Schedule of nonperforming loans and other nonperforming assets

Nonperforming loans (i.e., loans which are 90 days or more past due and still accruing interest and loans on nonaccrual status) and other nonperforming assets are summarized below (in $1,000s):

 
 
June 30,
2013
  
March 31,
2013
  
December 31,
2012
 
 
 
  
  
As Adjusted
(Note C)
 
Nonaccrual loans:
 
  
  
 
Loans secured by real estate:
 
  
  
 
Commercial
 
$
62,333
  
$
70,762
  
$
75,811
 
Residential (including multi-family)
  
18,312
   
20,928
   
25,620
 
Construction, land development and other land
  
6,389
   
7,085
   
6,645
 
Total loans secured by real estate
  
87,034
   
98,775
   
108,076
 
Commercial and other business-purpose loans
  
6,226
   
7,234
   
9,306
 
Consumer
  
139
   
424
   
285
 
Total nonaccrual loans
  
93,399
   
106,433
   
117,667
 
 
            
Past due (>90 days) loans and accruing interest:
            
Loans secured by real estate:
            
Commercial
  
2,296
   
1,017
   
515
 
Residential (including multi-family)
  
-
   
-
   
85
 
Total loans secured by real estate
  
2,296
   
1,017
   
600
 
Commercial and other business-purpose loans
  
-
   
-
   
70
 
Total past due loans
  
2,296
   
1,017
   
670
 
 
            
Total nonperforming loans
 
$
95,695
  
$
107,450
  
$
118,337
 
 
            
Real estate owned and other
repossessed assets
  
50,304
   
58,793
   
69,115
 
 
            
Total nonperforming assets
 
$
145,999
  
$
166,243
  
$
187,452
 

  
Schedule of impaired loans
Impaired loans are summarized in the following table (in $1,000s), based on loans which either have an allowance for loan losses recorded or no such allowance as of June 30, 2013:

 
 
Carrying
Value
  
Unpaid
Principal
Balance
  
Related
Allowance
for Loan
Losses
 
 
 
  
  
 
With an allowance recorded:
 
  
  
 
Loans secured by real estate:
 
  
  
 
Commercial
 
$
66,554
  
$
78,749
  
$
6,461
 
Residential (including multi-family)
  
17,765
   
31,003
   
3,364
 
Construction, land development and other land
  
6,284
   
10,354
   
1,195
 
Total loans secured by real estate
  
90,603
   
120,106
   
11,020
 
Commercial and other business-purpose loans
  
5,525
   
13,124
   
1,156
 
Consumer
  
204
   
451
   
122
 
 
  
96,332
   
133,681
   
12,298
 
With no related allowance recorded:
            
Loans secured by real estate:
            
Commercial
  
65,145
   
91,670
     
Residential (including multi-family)
  
14,686
   
17,137
     
Construction, land development and other land
  
5,382
   
7,390
     
Total loans secured by real estate
  
85,213
   
116,197
     
Commercial and other business-purpose loans
  
6,095
   
7,298
     
Consumer
  
16
   
16
     
 
  
91,324
   
123,511
     
 
            
Total
 
$
187,656
  
$
257,192
  
$
12,298
 

 Interest income is recorded on impaired loans if not on nonaccrual status, or may be recorded on a cash basis in some circumstances, if such payments are not credited to principal.  For the three and six months ended June 30, 2013 and 2012, the average recorded investment in impaired loans and interest income recorded on impaired loans were as follows (in $1,000s):

 
 
Three Months Ended
  
Six Months Ended
 
 
 
June 30, 2013
  
June 30, 2013
 
 
 
Average
Recorded
Investment
  
Interest
Income
Recorded
  
Average
Recorded
Investment
  
Interest
Income
Recorded
 
 
 
  
  
  
 
Commercial
 
$
138,152
  
$
2,154
  
$
142,931
  
$
3,981
 
Residential (including multi-family)
  
37,788
   
297
   
42,882
   
756
 
Construction, land development and other land
  
15,969
   
79
   
19,992
   
200
 
Total loans secured by real estate
  
191,909
   
2,530
   
205,805
   
4,937
 
Commercial and other business-purpose loans
  
14,419
   
188
   
16,749
   
389
 
Consumer
  
296
   
1
   
286
   
2
 
 
                
Total
 
$
206,624
  
$
2,719
  
$
222,840
  
$
5,328
 
 
 
 
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
CAPITOL BANCORP LIMITED (DEBTOR-IN-POSSESSION)
 
Note F – Loans – Continued

 
Three Months Ended
  
Six Months Ended
 
 
June 30, 2012
  
June 30, 2012
 
 
Average
Recorded
Investment
 
Interest
Income
Recorded
  
Average
Recorded
Investment
  
Interest
Income
Recorded
 
 
As Adjusted
(Note C)
 
  
As Adjusted
(Note C)
  
 
 
 
  
  
 
Commercial
 
$
153,709
  
$
434
  
$
155,604
  
$
2,002
 
Residential (including multi-family)
  
54,724
   
535
   
56,269
   
1,126
 
Construction, land development and other land
  
27,502
   
245
   
29,760
   
510
 
Total loans secured by real estate
  
235,935
   
1,214
   
241,633
   
3,638
 
Commercial and other business-purpose loans
  
21,945
   
333
   
22,712
   
608
 
Consumer
  
257
   
6
   
213
   
9
 
 
                
Total
 
$
258,137
  
$
1,553
  
$
264,558
  
$
4,255
 

 Impaired loans are summarized in the following table (in $1,000s), based on loans which either have an allowance for loan losses recorded or no such allowance as of December 31, 2012:

 
 
Carrying
Value
  
Unpaid
Principal
Balance
  
Related
Allowance
for Loan
Losses
 
 
 
As Adjusted
(Note C)
  
As Adjusted
(Note C)
  
 
With an allowance recorded:
 
  
  
 
Loans secured by real estate:
 
  
  
 
Commercial
 
$
70,689
  
$
85,377
  
$
8,886
 
Residential (including multi-family)
  
19,099
   
32,989
   
3,241
 
Construction, land development and other land
  
7,332
   
12,125
   
1,121
 
Total loans secured by real estate
  
97,120
   
130,491
   
13,248
 
Commercial and other business-purpose loans
  
9,947
   
19,754
   
1,880
 
Consumer
  
369
   
1,513
   
136
 
 
  
107,436
   
151,758
   
15,264
 
With no related allowance recorded:
            
Loans secured by real estate:
            
Commercial
  
69,290
   
101,147
     
Residential (including multi-family)
  
22,936
   
28,938
     
Construction, land development and other land
  
7,324
   
11,142
     
Total loans secured by real estate
  
99,550
   
141,227
     
Commercial and other business-purpose loans
  
6,513
   
8,546
     
Consumer
  
9
   
9
     
 
  
106,072
   
149,782
     
 
            
Total
 
$
213,508
  
$
301,540
  
$
15,264
 
 
Included in impaired loans as of December 31, 2012 is $168.2 million of loans modified and reported as troubled debt restructurings (see further discussion under the Troubled Debt Restructurings section of this Note).
 
 
 
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
CAPITOL BANCORP LIMITED (DEBTOR-IN-POSSESSION)
 
Note F – Loans – Continued
 
  
Schedule of summarize the aging and amounts of past due loans
The following tables summarize the aging and amounts of past due loans (in $1,000s):

 
June 30, 2013
 
 
Past Due Loans
(based on payment due dates)
 
Total
Amount of
 
 
 
 
More Than
29 Days,
and Less Than
90 Days
 
More Than
89 Days
(Accruing)
  
Loans on
Nonaccrual
Status
(Generally, 90
Days or More)
 
Loans More
Than 29 Days
Past Due or on
Nonaccrual
Status
 
Loans Either
Current or
Less Than
30 Days
Past Due
 
Total
Portfolio
Loans
 
 
 
  
 
 
 
 
Loans secured by real estate:
 
  
 
 
 
 
Commercial
 
$
6,487
  
$
2,296
  
$
62,333
  
$
71,116
  
$
518,757
  
$
589,873
 
Residential (including multi-
family)
  
2,966
       
18,312
   
21,278
   
161,348
   
182,626
 
Construction, land development
and other land
  
42
       
6,389
   
6,431
   
31,866
   
38,297
 
Total loans secured by real
estate
  
9,495
   
2,296
   
87,034
   
98,825
   
711,971
   
810,796
 
Commercial and other business-
purpose loans
  
2,472
       
6,226
   
8,698
   
76,202
   
84,900
 
Consumer
  
222
       
139
   
361
   
5,743
   
6,104
 
Other
  
2
           
2
   
3,926
   
3,928
 
 
                        
Total
 
$
12,191
  
$
2,296
  
$
93,399
  
$
107,886
  
$
797,842
  
$
905,728
 


 
December 31, 2012 (As Adjusted – Note C)
 
 
Past Due Loans
(based on payment due dates)
 
Total
Amount of
 
 
 
 
More Than
29 Days,
and Less Than
90 Days
 
More Than
89 Days
(Accruing)
 
Loans on
Nonaccrual
Status
(Generally, 90
Days or More)
 
Loans More
Than 29 Days
Past Due or on
Nonaccrual
Status
 
Loans Either
Current or
Less Than
30 Days
Past Due
 
Total
Portfolio
Loans
 
 
 
 
 
 
 
 
Loans secured by real estate:
 
 
 
 
 
 
Commercial
 
$
13,629
  
$
515
  
$
75,811
  
$
89,955
  
$
614,174
  
$
704,129
 
Residential (including multi-
family)
  
5,768
   
85
   
25,620
   
31,473
   
198,382
   
229,855
 
Construction, land development
and other land
  
4,242
       
6,645
   
10,887
   
36,246
   
47,133
 
Total loans secured by real
estate
  
23,639
   
600
   
108,076
   
132,315
   
848,802
   
981,117
 
Commercial and other business-
purpose loans
  
3,106
   
70
   
9,306
   
12,482
   
106,092
   
118,574
 
Consumer
  
280
   
-
   
285
   
565
   
7,371
   
7,936
 
Other
                  
2,041
   
2,041
 
 
                        
Total
 
$
27,025
  
$
670
  
$
117,667
  
$
145,362
  
$
964,306
  
$
1,109,668
 

  
Schedule of recent analysis, the risk categories of loans
Based on management's most recent analysis, the risk categories of loans are summarized as follows (in $1,000s):

 
 
June 30, 2013
 
 
 
Pass
  
Watch
  
Substandard
  
Total
Portfolio
Loans
 
 
 
  
  
  
 
Loans secured by real estate:
 
  
  
  
 
Commercial
 
$
407,506
  
$
64,925
  
$
117,442
  
$
589,873
 
Residential (including multi-family)
  
131,493
   
19,893
   
31,240
   
182,626
 
Construction, land development and
other land
  
22,368
   
5,242
   
10,687
   
38,297
 
Total loans secured by real estate
  
561,367
   
90,060
   
159,369
   
810,796
 
Commercial and other business-purpose
loans
  
62,758
   
8,599
   
13,543
   
84,900
 
Consumer
  
5,306
   
350
   
448
   
6,104
 
Other
  
3,926
       
2
   
3,928
 
 
                
Total
 
$
633,357
  
$
99,009
  
$
173,362
  
$
905,728
 


 
 
December 31, 2012 (As adjusted – Note C)
 
 
 
Pass
  
Watch
  
Substandard
  
Total
Portfolio
Loans
 
 
 
  
  
  
 
Loans secured by real estate:
 
  
  
  
 
Commercial
 
$
494,643
  
$
72,978
  
$
136,508
  
$
704,129
 
Residential (including multi-family)
  
165,556
   
20,044
   
44,255
   
229,855
 
Construction, land development and
other land
  
26,264
   
8,491
   
12,378
   
47,133
 
Total loans secured by real estate
  
686,463
   
101,513
   
193,141
   
981,117
 
Commercial and other business-purpose
loans
  
93,812
   
6,663
   
18,099
   
118,574
 
Consumer
  
5,613
   
1,765
   
558
   
7,936
 
Other
  
2,041
           
2,041
 
 
                
Total
 
$
787,929
  
$
109,941
  
$
211,798
  
$
1,109,668
 
 
 
 
 
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
CAPITOL BANCORP LIMITED (DEBTOR-IN-POSSESSION)
 
Note F – Loans – Continued
  
Schedule of summarizes loans modified as troubled debt restructurings related payment default
The following table summarizes loans modified as troubled debt restructurings during the three and six months ended June 30, 2013 and 2012 (in $1,000s):

 
 
Three months ended June 30, 2013
 
 
 
Number of
Contracts
 
Pre-restructuring
Outstanding
Recorded
Investment
 
Post-restructuring
Outstanding
Recorded
Investment
 
Post-
restructuring
Loan Loss
Reserve
 
Troubled debt restructurings:
 
 
 
 
 
Loans secured by real estate:
 
 
 
 
 
Commercial
  
10
  
$
7,136
  
$
4,738
  
$
300
 
Residential
  
8
   
1,156
   
1,142
   
93
 
Total loans secured by real
estate
  
18
   
8,292
   
5,880
   
393
 
Commercial and other business-
purpose loans
  
8
   
1,306
   
1,186
   
120
 
 
                
Total
  
26
  
$
9,598
  
$
7,066
  
$
513
 


 
 
Six months ended June 30, 2013
 
 
 
Number of
Contracts
 
Pre-restructuring
Outstanding
Recorded
Investment
 
Post-restructuring
Outstanding
Recorded
Investment
 
Post-
restructuring
Loan Loss
Reserve
 
Troubled debt restructurings:
 
 
 
 
 
Loans secured by real estate:
 
 
 
 
 
Commercial
  
23
  
$
10,631
  
$
8,122
  
$
614
 
Residential
  
34
   
3,842
   
3,532
   
473
 
Construction, land development
and other land
  
2
   
94
   
91
   
9
 
Total loans secured by real
estate
  
59
   
14,567
   
11,745
   
1,096
 
Commercial and other business-
purpose loans
  
18
   
1,776
   
1,540
   
133
 
 
                
Total
  
77
  
$
16,343
  
$
13,285
  
$
1,229
 

 
 
 
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
CAPITOL BANCORP LIMITED (DEBTOR-IN-POSSESSION)
 
Note F – Loans – Continued

 
 
Three months ended June 30, 2012
 
 
 
Number of
Contracts
  
Pre-restructuring
Outstanding
Recorded
Investment
  
Post-restructuring
Outstanding
Recorded
Investment
  
Post-
restructuring
Loan Loss
Reserve
 
Troubled debt restructurings:
 
  
  
  
 
Loans secured by real estate:
 
  
  
  
 
Commercial
  
37
  
$
16,982
  
$
14,149
  
$
735
 
Residential
  
30
   
4,208
   
3,794
   
452
 
Construction, land development
and other land
  
6
   
597
   
564
   
15
 
Total loans secured by real estate
  
73
   
21,787
   
18,507
   
1,202
 
Commercial and other business-
purpose loans
  
5
   
350
   
327
   
7
 
 
                
Total
  
78
  
$
22,137
  
$
18,834
  
$
1,209
 

 
 
Six months ended June 30, 2012
 
 
 
Number of
Contracts
  
Pre-restructuring
Outstanding
Recorded
Investment
  
Post-restructuring
Outstanding
Recorded
Investment
  
Post-
restructuring
Loan Loss
Reserve
 
Troubled debt restructurings:
 
  
  
  
 
Loans secured by real estate:
 
  
  
  
 
Commercial
  
69
  
$
28,086
  
$
24,111
  
$
1,224
 
Residential
  
56
   
7,809
   
6,415
   
594
 
Construction, land development
and other land
  
10
   
1,262
   
1,010
   
27
 
Total loans secured by real estate
  
135
   
37,157
   
31,536
   
1,845
 
Commercial and other business-
purpose loans
  
17
   
1,165
   
1,055
   
42
 
Consumer
  
2
   
40
   
39
   
3
 
 
                
Total
  
154
  
$
38,362
  
$
32,630
  
$
1,890
 

The following table summarizes loans modified as troubled debt restructurings in the last twelve months for which there was a payment default (i.e., when a loan becomes 90 days or more past due) during the three and six months ended June 30, 2013 and 2012 (in $1,000s):

 
 
Three Months Ended
June 30, 2013
  
Six Months Ended
June 30, 2013
 
 
 
Number of
Contracts
  
Recorded
Investment
  
Number of
Contracts
  
Recorded
Investment
 
Troubled debt restructurings that
subsequently defaulted:
 
  
  
  
 
Loans secured by real estate:
 
  
  
  
 
Commercial
  
2
  
$
3,024
   
8
  
$
5,772
 
Residential
  
9
   
837
   
16
   
1,941
 
Construction, land development
and other land
  
2
   
582
   
5
   
1,867
 
Total loans secured by real
estate
  
13
   
4,443
   
29
   
9,580
 
Commercial and other business-
purpose loans
  
 
   
 
   
1
   
 
 
Consumer
  
1
   
 
   
 
   
 
 
 
                
Total
  
14
  
$
4,443
   
30
  
$
9,580
 


 
 
Three Months Ended
June 30, 2012
  
Six Months Ended
June 30, 2012
 
 
 
Number of
Contracts
  
Recorded
Investment
  
Number of
Contracts
  
Recorded
Investment
 
Troubled debt restructurings that
subsequently defaulted:
 
  
  
  
 
Loans secured by real estate:
 
  
  
  
 
Commercial
  
10
  
$
1,151
   
15
  
$
1,640
 
Residential
  
7
   
1,177
   
13
   
1,651
 
Construction, land development
and other land
  
3
   
473
   
5
   
481
 
Total loans secured by real estate
  
20
   
2,801
   
33
   
3,772
 
Commercial and other business-
purpose loans
  
4
   
282
   
6
   
384
 
Consumer
  
 
   
 
   
1
   
90
 
 
                
Total
  
24
  
$
3,083
   
40
  
$
4,246
 
 
 
 
 
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
CAPITOL BANCORP LIMITED (DEBTOR-IN-POSSESSION)
 
Note F – Loans – Continued
  
Schedule of troubled debt restructurings as loan type and accrual status  
The total amount of troubled debt restructurings as of June 30, 2013 and December 31, 2012 is detailed in the following tables by loan type and accrual status (in $1,000s):

 
 
Troubled Debt Restructurings
at June 30, 2013
 
 
 
On
Non-Accrual
Status
  
On Accrual
Status
  
Total
 
 
 
  
  
 
Loans secured by real estate:
 
  
  
 
Commercial
 
$
38,764
  
$
64,882
  
$
103,646
 
Residential (including multi-family)
  
10,687
   
13,777
   
24,464
 
Construction, land development and other land
  
4,171
   
4,649
   
8,820
 
Total loans secured by real estate
  
53,622
   
83,308
   
136,930
 
Commercial and other business-purpose loans
  
3,689
   
5,394
   
9,083
 
Consumer
      
81
   
81
 
 
            
Total
 
$
57,311
  
$
88,783
  
$
146,094
 

 
 
 
Troubled Debt Restructurings
at December 31, 2012
 
 
 
On
Non-Accrual
Status
  
On Accrual
Status
  
Total
 
 
 
  
  
 
Loans secured by real estate:
 
  
  
 
Commercial
 
$
48,679
  
$
64,168
  
$
112,847
 
Residential (including multi-family)
  
15,798
   
16,415
   
32,213
 
Construction, land development and other land
  
3,102
   
8,010
   
11,112
 
Total loans secured by real estate
  
67,579
   
88,593
   
156,172
 
Commercial and other business-purpose loans
  
4,811
   
7,153
   
11,964
 
Consumer
      
94
   
94
 
 
            
Total
 
$
72,390
  
$
95,840
  
$
168,230
 
 
 
 
 
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
CAPITOL BANCORP LIMITED (DEBTOR-IN-POSSESSION)