XML 29 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
ALLOWANCE FOR LOAN LOSSES (Tables)
 6 Months Ended
Jun. 30, 2012
ALLOWANCE FOR LOAN LOSSES  
Schedule of allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method

 

 

 

 

For the Three Months Ended June 30, 2012

 

(In thousands)

 

Commercial
Real Estate
Mortgage
Loans

 

Multi-Family

 

Residential
Real Estate
Mortgage
Loans

 

Commercial,
Financial
and
Agricultural
Loans

 

Real Estate
Construction
and Land
Loans

 

Installment/
Consumer
Loans

 

Total

 

Total loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for Loan Losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

3,422

 

$

750

 

$

2,288

 

$

3,181

 

$

1,435

 

$

240

 

$

11,316

 

Charge-offs

 

—

 

—

 

(250

)

(26

)

—

 

(9

)

(285

)

Recoveries

 

—

 

—

 

2

 

6

 

—

 

17

 

25

 

Provision

 

1,025

 

299

 

839

 

409

 

(107

)

35

 

2,500

 

Ending Balance

 

$

4,447

 

$

1,049

 

$

2,879

 

$

3,570

 

$

1,328

 

$

283

 

$

13,556

 

 

 

 

For the Six Months Ended June 30, 2012

 

(In thousands)

 

Commercial
Real Estate
Mortgage
Loans

 

Multi-
Family

 

Residential
Real Estate
Mortgage
Loans

 

Commercial,
Financial and
Agricultural
Loans

 

Real Estate
Construction
and Land
Loans

 

Installment/
Consumer
Loans

 

Total

 

Originated loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for Loan Losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

3,530

 

$

395

 

$

2,280

 

$

2,895

 

$

1,465

 

$

272

 

$

10,837

 

Charge-offs

 

—

 

—

 

(550

)

(102

)

—

 

(13

)

(665

)

Recoveries

 

—

 

—

 

3

 

36

 

—

 

20

 

59

 

Provision

 

917

 

654

 

1,146

 

741

 

(137

)

4

 

3,325

 

Ending Balance

 

$

4,447

 

$

1,049

 

$

2,879

 

$

3,570

 

$

1,328

 

$

283

 

$

13,556

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: individually evaluated for impairment

 

$

—

 

$

—

 

$

236

 

$

316

 

$

—

 

$

—

 

$

552

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: collectively evaluated for impairment

 

$

4,447

 

$

1,049

 

$

2,643

 

$

3,254

 

$

1,328

 

$

283

 

$

13,004

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

$

287,701

 

$

50,508

 

$

134,037

 

$

130,090

 

$

39,428

 

$

8,761

 

$

650,525

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: individually evaluated for impairment

 

$

5,200

 

$

—

 

$

2,522

 

$

715

 

$

250

 

$

—

 

$

8,687

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: collectively evaluated for impairment

 

$

282,501

 

$

50,508

 

$

131,515

 

$

129,375

 

$

39,178

 

$

8,761

 

$

641,838

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: loans acquired with deteriorated credit quality

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquired loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for Loan Losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

Charge-offs

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Recoveries

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Provision

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Ending Balance

 

$

—

 

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: individually evaluated for impairment

 

$

—

 

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: collectively evaluated for impairment

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

$

15,644

 

$

—

 

$

8,723

 

$

2,139

 

$

804

 

$

391

 

$

27,701

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: individually evaluated for impairment

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: collectively evaluated for impairment

 

$

14,962

 

$

—

 

$

8,723

 

$

1,942

 

$

522

 

$

391

 

$

26,540

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: loans acquired with deteriorated credit quality (1)

 

$

682

 

$

—

 

$

—

 

$

197

 

$

282

 

$

—

 

$

1,161

 

 

 

 

For the Six Months Ended June 30, 2012

 

(In thousands)

 

Commercial
Real Estate
Mortgage
Loans

 

Multi-
Family

 

Residential
Real Estate
Mortgage
Loans

 

Commercial,
Financial and
Agricultural
Loans

 

Real Estate
Construction
and Land
Loans

 

Installment/
Consumer
Loans

 

Total

 

Total loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for Loan Losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

3,530

 

$

395

 

$

2,280

 

$

2,895

 

$

1,465

 

$

272

 

$

10,837

 

Charge-offs

 

—

 

—

 

(550

)

(102

)

—

 

(13

)

(665

)

Recoveries

 

—

 

—

 

3

 

36

 

—

 

20

 

59

 

Provision

 

917

 

654

 

1,146

 

741

 

(137

)

4

 

3,325

 

Ending Balance

 

$

4,447

 

1,049

 

2,879

 

3,570

 

1,328

 

283

 

$

13,556

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: individually evaluated for impairment

 

$

—

 

$

—

 

$

236

 

$

316

 

$

—

 

$

—

 

$

552

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: collectively evaluated for impairment

 

$

4,447

 

$

1,049

 

$

2,643

 

$

3,254

 

$

1,328

 

$

283

 

$

13,004

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

$

303,345

 

$

50,508

 

$

142,760

 

$

132,229

 

$

40,232

 

$

9,152

 

$

678,226

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: individually evaluated for impairment

 

$

5,200

 

$

—

 

$

2,522

 

$

715

 

$

250

 

$

—

 

$

8,687

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: collectively evaluated for impairment

 

$

297,463

 

$

50,508

 

$

140,238

 

$

131,317

 

$

39,700

 

$

9,152

 

$

668,378

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: loans acquired with deteriorated credit quality 1)

 

$

682

 

$

—

 

$

—

 

$

197

 

$

282

 

$

—

 

$

1,161

 

 

(1) Includes loans acquired on May 27, 2011 from Hamptons State Bank.

 

 

 

For the Twelve Months Ended December 31, 2011

 

(In thousands)

 

Commercial
Real Estate
Mortgage
Loans

 

Multi-
Family

 

Residential
Real Estate
Mortgage
Loans

 

Commercial,
Financial and
Agricultural
Loans

 

Real Estate
Construction
and Land
Loans

 

Installment/
Consumer
Loans

 

Total

 

Originated loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for Loan Losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

3,310

 

$

133

 

$

1,642

 

$

2,804

 

$

185

 

$

423

 

$

8,497

 

Charge-offs

 

—

 

—

 

(259

)

(372

)

(864

)

(186

)

(1,681

)

Recoveries

 

—

 

—

 

6

 

96

 

—

 

19

 

121

 

Provision

 

220

 

262

 

891

 

367

 

2,144

 

16

 

3,900

 

Ending Balance

 

$

3,530

 

$

395

 

$

2,280

 

$

2,895

 

$

1,465

 

$

272

 

$

10,837

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: individually evaluated for impairment

 

$

—

 

$

—

 

$

105

 

$

162

 

$

—

 

$

—

 

$

267

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: collectively evaluated for impairment

 

$

3,530

 

$

395

 

$

2,175

 

$

2,733

 

$

1,465

 

$

272

 

$

10,570

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

$

267,378

 

$

21,402

 

$

131,155

 

$

111,673

 

$

40,279

 

$

7,971

 

$

579,858

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: individually evaluated for impairment

 

$

5,079

 

$

—

 

$

2,942

 

$

752

 

$

250

 

$

—

 

$

9,023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: collectively evaluated for impairment

 

$

262,299

 

$

21,402

 

$

128,213

 

$

110,921

 

$

40,029

 

$

7,971

 

$

570,835

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: loans acquired with deteriorated credit quality

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquired loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for Loan Losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

Charge-offs

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Recoveries

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Provision

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Ending Balance

 

$

—

 

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: individually evaluated for impairment

 

$

—

 

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: collectively evaluated for impairment

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

$

16,539

 

$

—

 

$

9,872

 

$

4,646

 

$

264

 

$

594

 

$

31,915

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: individually evaluated for impairment

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: collectively evaluated for impairment

 

$

15,903

 

$

—

 

$

9,872

 

$

4,443

 

$

—

 

$

594

 

$

30,812

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: loans acquired with deteriorated credit quality (1)

 

$

636

 

$

—

 

$

—

 

$

203

 

$

264

 

$

—

 

$

1,103

 

 

 

 

For the Twelve Months Ended December 31, 2011

 

(In thousands)

 

Commercial
Real Estate
Mortgage
Loans

 

Multi-
Family

 

Residential
Real Estate
Mortgage
Loans

 

Commercial,
Financial and
Agricultural
Loans

 

Real Estate
Construction
and Land
Loans

 

Installment/
Consumer
Loans

 

Total

 

Total loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for Loan Losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

3,310

 

$

133

 

$

1,642

 

$

2,804

 

$

185

 

$

423

 

$

8,497

 

Charge-offs

 

—

 

—

 

(259

)

(372

)

(864

)

(186

)

(1,681

)

Recoveries

 

—

 

—

 

6

 

96

 

—

 

19

 

121

 

Provision

 

220

 

262

 

891

 

367

 

2,144

 

16

 

3,900

 

Ending Balance

 

$

3,530

 

395

 

2,280

 

2,895

 

1,465

 

272

 

$

10,837

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: individually evaluated for impairment

 

$

—

 

$

—

 

$

105

 

$

162

 

$

—

 

$

—

 

$

267

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: collectively evaluated for impairment

 

$

3,530

 

$

395

 

$

2,175

 

$

2,733

 

$

1,465

 

$

272

 

$

10,570

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

$

283,917

 

$

21,402

 

$

141,027

 

$

116,319

 

$

40,543

 

$

8,565

 

$

611,773

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: individually evaluated for impairment

 

$

5,079

 

$

—

 

$

2,942

 

$

752

 

$

250

 

$

—

 

$

9,023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: collectively evaluated for impairment

 

$

278,202

 

$

21,402

 

$

138,085

 

$

115,364

 

$

40,029

 

$

8,565

 

$

601,647

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: loans acquired with deteriorated credit quality (1)

 

$

636

 

$

—

 

$

—

 

$

203

 

$

264

 

$

—

 

$

1,103

 

 

(1) Includes loans acquired on May 27, 2011 from Hamptons State Bank.

 

 

 

For the Three Months Ended June 30, 2011

 

(In thousands)

 

Commercial
Real Estate
Mortgage
Loans

 

Multi-Family

 

Residential
Real Estate
Mortgage
Loans

 

Commercial,
Financial
and
Agricultural
Loans

 

Real Estate
Construction
and Land
Loans

 

Installment/
Consumer
Loans

 

Total

 

Total loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for Loan Losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

3,329

 

$

186

 

$

2,375

 

$

2,463

 

$

368

 

$

294

 

$

9,015

 

Charge-offs

 

—

 

—

 

(71

)

(205

)

(150

)

(10

)

(436

)

Recoveries

 

—

 

—

 

1

 

7

 

—

 

7

 

15

 

Provision

 

(406

)

204

 

139

 

672

 

356

 

(66

)

900

 

Ending Balance

 

$

2,923

 

$

390

 

$

2,444

 

$

2,938

 

$

500

 

$

299

 

$

9,494

 

 

 

 

For the Six months Ended June 30, 2011

 

(In thousands)

 

Commercial
Real Estate
Mortgage
Loans

 

Multi-Family

 

Residential
Real Estate
Mortgage
Loans

 

Commercial,
Financial
and
Agricultural
Loans

 

Real Estate
Construction
and Land
Loans

 

Installment/
Consumer
Loans

 

Total

 

Total loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for Loan Losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

3,310

 

$

133

 

$

1,642

 

$

2,804

 

$

185

 

$

423

 

$

8,497

 

Charge-offs

 

—

 

—

 

(159

)

(226

)

(150

)

(100

)

(635

)

Recoveries

 

—

 

—

 

3

 

18

 

—

 

11

 

32

 

Provision

 

(387

)

257

 

958

 

342

 

465

 

(35

)

1,600

 

Ending Balance

 

$

2,923

 

$

390

 

$

2,444

 

$

2,938

 

$

500

 

$

299

 

$

9,494