XML 61 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
Loans and reserve for credit losses (Tables)
12 Months Ended
Dec. 31, 2012
Loans and Reserve For Credit Losses [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Loans receivable (including loans held for sale) at December 31, 2012 and 2011 consisted of the following:

       
  2012   2011
     Amount   Percent   Amount   Percent
Commercial real estate:                                    
Owner occupied   $ 196,821       22.9 %    $ 250,213       27.8 % 
Non-owner occupied and other     328,480       38.3       313,311       34.8  
Total commercial real estate loans     525,301       61.2       563,524       62.6  
Construction     45,650       5.3       60,971       6.8  
Residential real estate     85,494       10.0       83,089       9.2  
Commerical and industrial     162,213       18.9       150,637       16.8  
Consumer     39,506       4.6       40,922       4.6  
Total loans     858,164       100.0 %      899,143       100.0 % 
Less:                                    
Deferred loan fees     (1,846 )               (2,085 )          
Reserve for loan losses     (27,261 )            (43,905 )       
Loans, net   $ 829,057           $ 853,153        
Schedule Of Reserve For Loan Losses and Recorded Investment In Loans By Portfolio Segment and Impairment Methods [Table Text Block]

Transactions in the reserve for loan losses and unfunded loan commitments, by portfolio segment, for the years ended December 31, 2012 and 2011 were as follows:

 

             
2012   Commerical real estate   Construction   Residential real estate   Commercial and industrial   Consumer   Unallocated   Total
Balance at beginning of year   $ 21,648     $ 5,398     $ 3,259     $ 11,291     $ 2,292     $ 17     $ 43,905  
Loan loss provision (credit)     2,829       (4,135 )      2,650       (2,094 )      780       1,070       1,100  
Recoveries     198       584       262       3,094       311             4,449  
Loans charged-off     (13,079 )      (264 )      (2,620 )      (5,024 )      (1,206 )            (22,193 ) 
Balance at end of year   $ 11,596     $ 1,583     $ 3,551     $ 7,267     $ 2,177     $ 1,087     $ 27,261  
Reserve for unfunded loan commitments                                                               
Balance at beginning of year   $ 28     $ 29     $ 184     $ 487     $ 822     $     $ 1,550  
Provision (credit) for unfunded loan commitments     20       239       (159 )      (412 )      (798 )            (1,110 ) 
Balance at end of year   $ 48     $ 268     $ 25     $ 75     $ 24     $     $ 440  
Reserve for credit losses                                                               
Reserve for loan losses   $ 11,596     $ 1,583     $ 3,551     $ 7,267     $ 2,177     $ 1,087     $ 27,261  
Reserve for unfunded loan commitments     48       268       25       75       24             440  
Total reserve for credit losses   $ 11,644     $ 1,851     $ 3,576     $ 7,342     $ 2,201     $ 1,087     $ 27,701  
 

 

2011
  Commerical real estate   Construction   Residential real estate   Commercial and industrial   Consumer   Unallocated   Total
Balance at beginning of year   $ 14,338     $ 12,652     $ 4,116     $ 12,220     $ 2,966     $ 376     $ 46,668  
Loan loss provision (credit)     29,908       22,019       4,196       17,724       1,512       (359 )      75,000  
Recoveries     119       1,551       164       1,453       305             3,592  
Loans charged-off in the normal course
of business
    (3,501 )      (5,536 )      (2,238 )      (13,626 )      (2,386 )            (27,287 ) 
Loans charged-off as a result of the Bulk Sale (see Note 2)     (19,216 )      (25,288 )      (2,979 )      (6,480 )      (105 )            (54,068 ) 
Balance at end of year   $ 21,648     $ 5,398     $ 3,259     $ 11,291     $ 2,292     $ 17     $ 43,905  
Reserve for unfunded loan commitments                                                               
Balance at beginning of year   $ 40     $     $ 101     $ 523     $ 241     $ 36     $ 941  
Provision (credit) for unfunded
loan commitments
    (12 )      29       83       (36 )      581       (36 )      609  
Balance at end of year   $ 28     $ 29     $ 184     $ 487     $ 822     $     $ 1,550  
Reserve for credit losses                                                               
Reserve for loan losses   $ 21,648     $ 5,398     $ 3,259     $ 11,291     $ 2,292     $ 17     $ 43,905  
Reserve for unfunded loan commitments     28       29       184       487       822             1,550  
Total reserve for credit losses   $ 21,676     $ 5,427     $ 3,443     $ 11,778     $ 3,114     $ 17     $ 45,455
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]

Summary transactions in the reserve for credit losses for the year ended December 31, 2010 were as follows:

 
  2010
Reserve for loan losses         
Balance at beginning of year   $ 58,586  
Loan loss provision     24,000  
Recoveries     9,112  
Loans charged off     (45,030 ) 
Balance at end of year   $ 46,668  
Reserve for unfunded loan commitments         
Balance at beginning of year   $ 704  
Provision for unfunded loan commitments     237  
Balance at end of year   $ 941  
Reserve for credit losses         
Reserve for loan losses   $ 46,668  
Reserve for unfunded loan commitments     941  
Total reserve for credit losses   $ 47,609  
Allowance for Credit Losses on Financing Receivables [Table Text Block]

The following table presents the reserve for loan losses and the recorded investment in loans, by portfolio segment and impairment method, at December 31, 2012 and 2011:

           
  Reserve for loan losses   Recorded investment in loans
     Individually evaluated for impairment   Collectively evaluated for impairment   Total   Individually evaluated for impairment   Collectively evaluated for impairment   Total
2012                                                      
Commercial real estate   $ 1,088     $ 10,508     $ 11,596     $ 42,859     $ 482,442     $ 525,301  
Construction     440       1,143       1,583       9,734       35,916       45,650  
Residential real estate     1,141       2,410       3,551       4,840       80,654       85,494  
Commerical and industrial     829       6,438       7,267       9,602       152,611       162,213  
Consumer     301       1,876       2,177       1,636       37,870       39,506  
     $ 3,799     $ 22,375       26,174     $ 68,671     $ 789,493     $ 858,164  
Unallocated                 1,087                    
                 $ 27,261                    
2011                                                      
Commercial real estate   $ 7,150     $ 14,498     $ 21,648     $ 48,649     $ 514,875     $ 563,524  
Construction     350       5,048       5,398       5,454       55,517       60,971  
Residential real estate     1,002       2,257       3,259       5,472       77,617       83,089  
Commerical and industrial     2,563       8,728       11,291       11,521       139,116       150,637  
Consumer     160       2,132       2,292       919       40,003       40,922  
     $ 11,225     $ 32,663       43,888     $ 72,015     $ 827,128     $ 899,143  
Unallocated                 17                    
                 $ 43,905                    
Past Due Financing Receivables [Table Text Block]

The following table presents, by portfolio class, an aging analysis of loans at December 31, 2012 and 2011:

         
  30 – 89 days past due   90 days
or more
past due
  Total
past due
  Current   Total
loans
2012                                             
Commercial real estate:                                             
Owner occupied   $ 1,240     $ 4,221     $ 5,461     $ 191,360     $ 196,821  
Non-owner occupied     8,660       7,183       15,843       312,637       328,480  
Total commercial real estate loans     9,900       11,404       21,304       503,997       525,301  
Construction     1,288       2,793       4,081       41,569       45,650  
Residential real estate     818       364       1,182       84,312       85,494  
Commerical and industrial     2,825       1,858       4,683       157,530       162,213  
Consumer     61       12       73       39,433       39,506  
     $ 14,892     $ 16,431     $ 31,323     $ 826,841     $ 858,164  
2011                                             
Commercial real estate:                                             
Owner occupied   $     $ 1,460     $ 1,460     $ 248,753     $ 250,213  
Non-owner occupied           300       300       313,011       313,311  
Total commercial real estate loans           1,760       1,760       561,764       563,524  
Construction     330       2,940       3,270       57,701       60,971  
Residential real estate     396       1,069       1,465       81,624       83,089  
Commerical and industrial     2,174       1,545       3,719       146,918       150,637  
Consumer     94       23       117       40,805       40,922  
     $ 2,994     $ 7,337     $ 10,331     $ 888,812     $ 899,143  
Impaired Financing Receivables [Table Text Block]

Information related to impaired loans, by portfolio class, at December 31, 2012 and 2011, was as follows:

         
  Impaired loans  
     With a
related allowance
  Without a related allowance   Total
recorded balance
  Unpaid principal balance   Related allowance
2012                                             
Commercial real estate:                                             
Owner occupied   $ 8,538     $ 7,443     $ 15,981     $ 21,610     $ 988  
Non-owner occupied     3,712       23,166       26,878       32,630       100  
Total commercial real estate loans     12,250       30,609       42,859       54,240       1,088  
Construction     2,348       7,386       9,734       9,867       440  
Residential real estate     4,530       310       4,840       5,018       1,141  
Commerical and industrial loans     6,493       3,109       9,602       10,982       829  
Consumer loans     1,636             1,636       1,638       301  
     $ 27,257     $ 41,414     $ 68,671     $ 81,745     $ 3,799  
2011                                             
Commercial real estate:                                             
Owner occupied   $ 11,950     $ 2,598     $ 14,548     $ 14,548     $ 5,070  
Non-owner occupied     32,797       1,304       34,101       37,121       2,080  
Total commercial real estate loans     44,747       3,902       48,649       51,669       7,150  
Construction     2,501       2,953       5,454       5,454       350  
Residential real estate     3,537       1,935       5,472       5,473       1,002  
Commerical and industrial loans     8,526       2,995       11,521       11,627       2,563  
Consumer loans     919             919       919       160  
     $ 60,230     $ 11,785     $ 72,015     $ 75,142     $ 11,225  
Schedule Of Average Recorded Investment Of Impaired Loans By Portfolio [Table Text Block]

The following table presents, by portfolio class, the average recorded investment in impaired loans by portfolio class for the years ended December 31, 2012 and 2011:

   
  2012   2011
Commercial real estate:                  
Owner occupied   $ 15,521     $ 20,123  
Non-owner occupied     33,267       32,555  
Total commercial real estate loans     48,788       52,678  
Construction     7,272       35,997  
Residential real estate     5,685       5,908  
Commerical and industrial     10,500       17,011  
Consumer     1,465       769  
     $ 73,710     $ 112,363  
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

Information with respect to the Company’s non-accrual loans, by portfolio class, at December 31, 2012 and 2011 was as follows:

   
  2012   2011
Commercial real estate:                  
Owner occupied   $ 4,836     $ 1,930  
Non-owner occupied     5,756       299  
Total commercial real estate loans     10,592       2,229  
Construction     2,839       2,940  
Residential real estate     556       1,397  
Commerical and industrial     3,233       2,545  
Total non-accrual loans   $ 17,220     $ 9,111  
Accruing loans which are contractually past due 90 days or more                  
Commercial real estate:                  
Non-owner occupied   $ 1,427     $  
Total commercial real estate loans     1,427        
Residential real estate     94        
Consumer     12       23  
Total accruing loans which are contractually past due 90 days or more   $ 1,533     $ 23  
Financing Receivable Credit Quality Indicators [Table Text Block]

The following table presents, by portfolio class, the recorded investment in loans by internally assigned risk rating at December 31, 2012 and 2011:

         
  Loan grades  
     Acceptable   Watch   Special Mention   Substandard   Total
2012                                             
Commercial real estate:                                             
Owner occupied   $ 122,125     $ 26,326     $ 13,622     $ 34,748     $ 196,821  
Non-owner occupied     214,990       39,879       24,910       48,701       328,480  
Total commercial real estate loans     337,115       66,205       38,532       83,449       525,301  
Construction     25,308       6,079       1,795       12,468       45,650  
Residential real estate     74,576       2,207       2,086       6,625       85,494  
Commerical and industrial     126,208       7,005       6,473       22,527       162,213  
Consumer     37,264       603             1,639       39,506  
     $ 600,471     $ 82,099     $ 48,886     $ 126,708     $ 858,164  
2011                                             
Commercial real estate:                                             
Owner occupied   $ 160,184     $ 16,357     $ 30,054     $ 43,618     $ 250,213  
Non-owner occupied     179,588       20,844       39,875       73,004       313,311  
Total commercial real estate loans     339,772       37,201       69,929       116,622       563,524  
Construction     23,225       5,439       17,775       14,532       60,971  
Residential real estate     69,860       1,064       2,927       9,238       83,089  
Commerical and industrial     109,311       6,408       5,747       29,171       150,637  
Consumer     39,119             17       1,786       40,922  
     $ 581,287     $ 50,112     $ 96,395     $ 171,349     $ 899,143  
Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following table presents, by portfolio segment, information with respect to the Company’s loans that were modified and recorded as TDRs during the years ended December 31, 2012 and 2011:

   
  Number of loans   TDR outstanding recorded investment
2012                  
Commercial real estate:     5     $ 1,761  
Construction     6       4,832  
Residential real estate     12       678  
Commerical and industrial loans     32       3,980  
Consumer loans     55       653  
       110     $ 11,904  
2011                  
Commercial real estate:     43     $ 45,921  
Construction     26       7,334  
Residential real estate     36       8,835  
Commerical and industrial loans     116       11,724  
Consumer loans     137       1,580  
       358     $ 75,394  
Schedule Of Post Modification Recorded Investment For Tdrs Restructured [Table Text Block]

The following table presents, by portfolio segment, the post modification recorded investment for TDRs restructured during the years ended December 31, 2012 by the primary type of concession granted:

       
  Rate reduction   Term extension   Rate reduction and term extension   Total
2012                                    
Commercial real estate:   $ 1,299     $ 462     $     $ 1,761  
Construction           4,797       35       4,832  
Residential real estate           579       99       678  
Commerical and industrial loans     2,526       965       489       3,980  
Consumer loans           623       30       653  
     $ 3,825     $ 7,426     $ 653     $ 11,904  
Schedule Of Troubled Debt Restructurings On Financing Receivables Subsequent Default [Table Text Block]

The following table presents, by portfolio segment, the TDRs which had payment defaults during the years ended December 31, 2012 and 2011 that had been previously restructured within the last twelve months prior to December 31, 2012 and 2011:

   

 

 
  Number of loans   TDRs restructured in the period with a payment default
2012                  
Commercial real estate:         $  
Construction            
Residential real estate            
Commerical and industrial loans     1       193  
Consumer loans     2       12  
       3     $ 205  
2011                  
Commercial real estate:     1     $ 573  
Construction            
Residential real estate     3       636  
Commerical and industrial loans     13       8,729  
Consumer loans     7       71  
       24     $ 10,009  
Schedule Of Troubled Debt Restructurings On Loans Post Modification [Table Text Block]

The following table presents, by portfolio segment, the TDRs which had payment defaults during the years ended December 31, 2012 and 2011 that had been previously restructured within the last twelve months prior to December 31, 2012 and 2011:

   
  Number of loans   TDRs restructured in the period with a payment default
2012                  
Commercial real estate:         $  
Construction            
Residential real estate            
Commerical and industrial loans     1       193  
Consumer loans     2       12  
       3     $ 205  
2011                  
Commercial real estate:     1     $ 573  
Construction            
Residential real estate     3       636  
Commerical and industrial loans     13       8,729  
Consumer loans     7       71  
       24     $ 10,009