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ALLOWANCE FOR LOAN LOSSES (Tables)
 3 Months Ended
Mar. 31, 2015
ALLOWANCE FOR LOAN LOSSES  
Schedule of allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method

 

 

Three Months Ended March 31, 2015

 

(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

 

Allowance for Loan Losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$
6,994

 

$
2,670

 

$
2,208

 

$
4,526

 

$
1,104

 

$
135

 

$
17,637

 

Charge-offs

 

—

 

—

 

—

 
(200

)

—

 
(2

)
(202

)

Recoveries

 

—

 

—

 

—

 
20

 
1

 
4

 
25

 

Provision

 
(4

)
310

 
(71

)
559

 
1

 
5

 
800

 

Ending Balance

 

$
6,990

 

$
2,980

 

$
2,137

 

$
4,905

 

$
1,106

 

$
142

 

$
18,260

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: individually evaluated for impairment

 

$
21

 

$

—

 

$
150

 

$
257

 

$

—

 

$

—

 

$
428

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: collectively evaluated for impairment

 

$
6,969

 

$
2,980

 

$
1,987

 

$
4,648

 

$
1,106

 

$
142

 

$
17,832

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: loan acquired with deteriorated credit quality

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

$
625,155

 

$
246,485

 

$
157,204

 

$
297,625

 

$
63,377

 

$
10,783

 

$
1,400,629

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: individually evaluated for impairment

 

$
5,115

 

$

—

 

$
1,267

 

$
688

 

$

—

 

$

—

 

$
7,070

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: collectively evaluated for impairment

 

$
614,935

 

$
246,485

 

$
154,718

 

$
293,144

 

$
63,377

 

$
10,783

 

$
1,383,442

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$
5,105

 

$

—

 

$
1,219

 

$
3,793

 

$

—

 

$

—

 

$
10,117

 

 

 

(1) Includes PCI loans acquired on February 14, 2014 from FNBNY and on May 27, 2011 from HSB.

 

 

 

Year Ended December 31, 2014

 

(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

 

Allowance for Loan Losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$
6,279

 

$
1,597

 

$
2,712

 

$
4,006

 

$
1,206

 

$
201

 

$
16,001

 

Charge-offs

 
(461

)

—

 
(257

)
(104

)

—

 
(2

)
(824

)

Recoveries

 

—

 

—

 
170

 
87

 

—

 
3

 
260

 

Provision

 
1,176

 
1,073

 
(417

)
537

 
(102

)
(67

)
2,200

 

Ending Balance

 

$
6,994

 

$
2,670

 

$
2,208

 

$
4,526

 

$
1,104

 

$
135

 

$
17,637

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: individually evaluated for impairment

 

$
23

 

$

—

 

$
72

 

$
79

 

$

—

 

$

—

 

$
174

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: collectively evaluated for impairment

 

$
6,971

 

$
2,670

 

$
2,136

 

$
4,447

 

$
1,104

 

$
135

 

$
17,463

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: loan acquired with deteriorated credit quality

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

$
595,397

 

$
218,985

 

$
156,156

 

$
291,743

 

$
63,556

 

$
10,124

 

$
1,335,961

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: individually evaluated for impairment

 

$
5,136

 

$

—

 

$
383

 

$
682

 

$

—

 

$

—

 

$
6,201

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: collectively evaluated for impairment

 

$
582,946

 

$
218,985

 

$
154,897

 

$
286,368

 

$
63,556

 

$
10,124

 

$
1,316,876

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$
7,315

 

$

—

 

$
876

 

$
4,693

 

$

—

 

$

—

 

$
12,884

 

 

 

(1) Includes loans acquired on February 14, 2014 from FNBNY and on May 27, 2011 from HSB.

 

 

 

Three Months Ended March 31, 2014

 

(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

 

Allowance for Loan Losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$
6,279

 

$
1,597

 

$
2,712

 

$
4,006

 

$
1,206

 

$
201

 

$
16,001

 

Charge-offs

 
(267

)

—

 

—

 
(85

)

—

 

—

 
(352

)

Recoveries

 

—

 

—

 
10

 
9

 

—

 
1

 
20

 

Provision

 
609

 
(3

)
(119

)
340

 
(103

)
(24

)
700

 

Ending Balance

 

$
6,621

 

$
1,594

 

$
2,603

 

$
4,270

 

$
1,103

 

$
178

 

$
16,369