XML 49 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Loans and Allowance for Loan and Lease Losses (Tables)
 6 Months Ended
Jun. 30, 2014
Loans and Allowance for Loan and Lease Losses [Abstract]  
Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating

The classes of the loan portfolio, summarized by the aggregate pass rating and the classified ratings of special mention, substandard, and doubtful within Mid Penn’s internal risk rating system as of June 30, 2014 and December 31, 2013 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

Special

 

 

 

 

 

 

June 30, 2014

Pass

 

Mention

 

Substandard

 

Doubtful

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
103,355 

 

$
878 

 

$
1,497 

 

$

 -

 

$
105,730 

Commercial real estate

 
273,742 

 

 
5,564 

 

 
11,400 

 

 

 -

 

 
290,706 

Commercial real estate - construction

 
51,332 

 

 
361 

 

 

 -

 

 

 -

 

 
51,693 

Lease financing

 
1,358 

 

 

 -

 

 

 -

 

 

 -

 

 
1,358 

Residential mortgage

 
66,149 

 

 
232 

 

 
992 

 

 

 -

 

 
67,373 

Home equity

 
27,368 

 

 
88 

 

 
158 

 

 

 -

 

 
27,614 

Consumer

 
4,141 

 

 

 -

 

 

 -

 

 

 -

 

 
4,141 

 

$
527,445 

 

$
7,123 

 

$
14,047 

 

$

 -

 

$
548,615 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

Special

 

 

 

 

 

 

December 31, 2013

Pass

 

Mention

 

Substandard

 

Doubtful

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
103,330 

 

$
938 

 

$
1,576 

 

$

 -

 

$
105,844 

Commercial real estate

 
277,232 

 

 
2,771 

 

 
12,771 

 

 

 -

 

 
292,774 

Commercial real estate - construction

 
45,265 

 

 
382 

 

 

 -

 

 

 -

 

 
45,647 

Lease financing

 
1,356 

 

 

 -

 

 

 -

 

 

 -

 

 
1,356 

Residential mortgage

 
69,447 

 

 
27 

 

 
356 

 

 

 -

 

 
69,830 

Home equity

 
26,056 

 

 
96 

 

 
169 

 

 

 -

 

 
26,321 

Consumer

 
4,690 

 

 

 -

 

 

 -

 

 

 -

 

 
4,690 

 

$
527,376 

 

$
4,214 

 

$
14,872 

 

$

 -

 

$
546,462 

 

Impaired Loans by Loan Portfolio Class

 

Impaired loans by loan portfolio class as of June 30, 2014 and December 31, 2013 are summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014

 

December 31, 2013

(Dollars in thousands)                      

Recorded Investment

 

Unpaid Principal Balance

 

Related Allowance

 

Recorded Investment

 

Unpaid Principal Balance

 

Related Allowance

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
191 

 

$
675 

 

$

 -

 

$
185 

 

$
671 

 

$

 -

Commercial real estate

 
2,130 

 

 
5,249 

 

 

 -

 

 
2,596 

 

 
5,898 

 

 

 -

Residential mortgage

 
939 

 

 
991 

 

 

 -

 

 
266 

 

 
282 

 

 

 -

Home equity

 
32 

 

 
827 

 

 

 -

 

 
27 

 

 
792 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
71 

 

$
201 

 

$
63 

 

$
115 

 

$
243 

 

$
42 

Commercial real estate

 
7,104 

 

 
7,381 

 

 
1,163 

 

 
7,649 

 

 
7,972 

 

 
1,860 

Residential mortgage

 

 -

 

 

 -

 

 

 -

 

 
25 

 

 
25 

 

 
25 

Home equity

 
44 

 

 
44 

 

 
6 

 

 
49 

 

 
49 

 

 
6 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
262 

 

$
876 

 

$
63 

 

$
300 

 

$
914 

 

$
42 

Commercial real estate

 
9,234 

 

 
12,630 

 

 
1,163 

 

 
10,245 

 

 
13,870 

 

 
1,860 

Residential mortgage

 
939 

 

 
991 

 

 

 -

 

 
291 

 

 
307 

 

 
25 

Home equity

 
76 

 

 
871 

 

 
6 

 

 
76 

 

 
841 

 

 
6 

 

Average recorded investment of impaired loans and related interest income recognized for the three months ended June 30, 2014 and June 30, 2013 are summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

June 30, 2014

 

June 30, 2013

(Dollars in thousands)                    

Average Recorded Investment

 

Interest Income Recognized

 

Average Recorded Investment

 

Interest Income Recognized

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
193 

 

$

 -

 

$
35 

 

$

 -

Commercial real estate

 
2,175 

 

 
346 

 

 
4,891 

 

 
47 

Residential mortgage

 
958 

 

 

 -

 

 

 -

 

 

 -

Home equity

 
54 

 

 

 -

 

 
122 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
72 

 

$

 -

 

$
205 

 

$

 -

Commercial real estate

 
7,133 

 

 

 -

 

 
9,136 

 

 

 -

Commercial real estate - construction

 

 -

 

 

 -

 

 
54 

 

 

 -

Residential mortgage

 

 -

 

 

 -

 

 
84 

 

 

 -

Home equity

 
45 

 

 

 -

 

 
55 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

Total:

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
265 

 

$

 -

 

$
240 

 

$

 -

Commercial real estate

 
9,308 

 

 
346 

 

 
14,027 

 

 
47 

Commercial real estate - construction

 

 -

 

 

 -

 

 
54 

 

 

 -

Residential mortgage

 
958 

 

 

 -

 

 
84 

 

 

 -

Home equity

 
99 

 

 

 -

 

 
177 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

June 30, 2014

 

June 30, 2013

(Dollars in thousands)                    

Average Recorded Investment

 

Interest Income Recognized

 

Average Recorded Investment

 

Interest Income Recognized

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
195 

 

$

 -

 

$
35 

 

$

 -

Commercial real estate

 
2,199 

 

 
346 

 

 
4,930 

 

 
64 

Residential mortgage

 
961 

 

 

 -

 

 

 -

 

 

 -

Home equity

 
55 

 

 

 -

 

 
122 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
73 

 

$

 -

 

$
205 

 

$

 -

Commercial real estate

 
7,182 

 

 

 -

 

 
9,150 

 

 

 -

Commercial real estate - construction

 

 -

 

 

 -

 

 
54 

 

 

 -

Residential mortgage

 

 -

 

 

 -

 

 
111 

 

 

 -

Home equity

 
46 

 

 

 -

 

 
55 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

Total:

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
268 

 

$

 -

 

$
240 

 

$

 -

Commercial real estate

 
9,381 

 

 
346 

 

 
14,080 

 

 
64 

Commercial real estate - construction

 

 -

 

 

 -

 

 
54 

 

 

 -

Residential mortgage

 
961 

 

 

 -

 

 
111 

 

 

 -

Home equity

 
101 

 

 

 -

 

 
177 

 

 

 -

 

 

Non-accrual Loans by Classes of the Loan Portfolio

Non-accrual loans by loan portfolio class as of June 30, 2014 and December 31, 2013 are summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

June 30, 2014

 

December 31, 2013

 

 

 

 

 

 

Commercial and industrial

$
262 

 

$
300 

Commercial real estate

 
7,199 

 

 
9,648 

Residential mortgage

 
1,177 

 

 
803 

Home equity

 
188 

 

 
126 

 

$
8,826 

 

$
10,877 

 

Loan Portfolio Summarized by the Past Due Status

The classes of the loan portfolio summarized by the past due status as of June 30, 2014 and December 31, 2013 are summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014

30-59 Days Past Due

 

60-89 Days Past Due

 

Greater than 90 Days

 

Total Past Due

 

Current

 

Total Loans

 

Loans Receivable > 90 Days and Accruing

Commercial and industrial

$
34 

 

$
290 

 

$
252 

 

$
576 

 

$
105,154 

 

$
105,730 

 

$

 -

Commercial real estate

 
1,585 

 

 

 -

 

 
6,572 

 

 
8,157 

 

 
282,549 

 

 
290,706 

 

 

 -

Commercial real estate - construction

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
51,693 

 

 
51,693 

 

 

 -

Lease financing

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
1,358 

 

 
1,358 

 

 

 -

Residential mortgage

 
84 

 

 
237 

 

 
1,125 

 

 
1,446 

 

 
65,927 

 

 
67,373 

 

 

 -

Home equity

 
204 

 

 

 -

 

 
163 

 

 
367 

 

 
27,247 

 

 
27,614 

 

 

 -

Consumer

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
4,141 

 

 
4,141 

 

 

 -

            Total

$
1,907 

 

$
527 

 

$
8,112 

 

$
10,546 

 

$
538,069 

 

$
548,615 

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

30-59 Days Past Due

 

60-89 Days Past Due

 

Greater than 90 Days

 

Total Past Due

 

Current

 

Total Loans

 

Loans Receivable > 90 Days and Accruing

Commercial and industrial

$
291 

 

$
38 

 

$
300 

 

$
629 

 

$
105,215 

 

$
105,844 

 

$

 -

Commercial real estate

 
1,472 

 

 
570 

 

 
8,241 

 

 
10,283 

 

 
282,491 

 

 
292,774 

 

 

 -

Commercial real estate - construction

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
45,647 

 

 
45,647 

 

 

 -

Lease financing

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
1,356 

 

 
1,356 

 

 

 -

Residential mortgage

 
952 

 

 

 -

 

 
785 

 

 
1,737 

 

 
68,093 

 

 
69,830 

 

 

 -

Home equity

 
9 

 

 
50 

 

 
99 

 

 
158 

 

 
26,163 

 

 
26,321 

 

 

 -

Consumer

 
24 

 

 
12 

 

 

 -

 

 
36 

 

 
4,654 

 

 
4,690 

 

 

 -

            Total

$
2,748 

 

$
670 

 

$
9,425 

 

$
12,843 

 

$
533,619 

 

$
546,462 

 

$

 -

 

Allowance for Loan Losses and Recorded Investment in Financing Receivables

The following tables summarize the allowance for loan and lease losses and recorded investments in loans receivable.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of, and for the period ended, June 30, 2014

Commercial and industrial

 

Commercial real estate

 

Commercial real estate - construction

 

Lease financing

 

Residential mortgage

 

Home equity

 

Consumer

 

Unallocated

 

Total

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 1, 2014

$
1,190 

 

$
3,986 

 

$
13 

 

$
1 

 

$
541 

 

$
429 

 

$
68 

 

$
195 

 

$
6,423 

  Charge-offs

 
(1)

 

 
(494)

 

 

 -

 

 

 -

 

 
(27)

 

 
(43)

 

 
(10)

 

 

 -

 

 
(575)

  Recoveries

 
3 

 

 
2 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
2 

 

 

 -

 

 
7 

  Provisions

 
149 

 

 
(36)

 

 
6 

 

 

 -

 

 
78 

 

 
97 

 

 
3 

 

 
(22)

 

 
275 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014

$
1,341 

 

$
3,458 

 

$
19 

 

$
1 

 

$
592 

 

$
483 

 

$
63 

 

$
173 

 

$
6,130 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

Commercial real estate

 

Commercial real estate - construction

 

Lease financing

 

Residential mortgage

 

Home equity

 

Consumer

 

Unallocated

 

Total

Beginning balance,   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 1, 2014

$
1,187 

 

$
4,006 

 

$
9 

 

$

 -

 

$
581 

 

$
441 

 

$
72 

 

$
21 

 

$
6,317 

  Charge-offs

 
(41)

 

 
(862)

 

 

 -

 

 

 -

 

 
(86)

 

 
(43)

 

 
(26)

 

 

 -

 

 
(1,058)

  Recoveries

 
6 

 

 
2 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
41 

 

 

 -

 

 
49 

  Provisions

 
189 

 

 
312 

 

 
10 

 

 
1 

 

 
97 

 

 
85 

 

 
(24)

 

 
152 

 

 
822 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014

$
1,341 

 

$
3,458 

 

$
19 

 

$
1 

 

$
592 

 

$
483 

 

$
63 

 

$
173 

 

$
6,130 

Ending balance: individually evaluated for impairment

$
63 

 

$
1,163 

 

$

 -

 

$

 -

 

$

 -

 

$
6 

 

$

 -

 

$

 -

 

$
1,232 

Ending balance: collectively evaluated for impairment

$
1,278 

 

$
2,295 

 

$
19 

 

$
1 

 

$
592 

 

$
477 

 

$
63 

 

$
173 

 

$
4,898 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

$
105,730 

 

$
290,706 

 

$
51,693 

 

$
1,358 

 

$
67,373 

 

$
27,614 

 

$
4,141 

 

$

 -

 

$
548,615 

Ending balance: individually evaluated  for impairment

$
262 

 

$
9,234 

 

$

 -

 

$

 -

 

$
939 

 

$
76 

 

$

 -

 

$

 -

 

$
10,511 

Ending balance: collectively evaluated for impairment

$
105,468 

 

$
281,472 

 

$
51,693 

 

$
1,358 

 

$
66,434 

 

$
27,538 

 

$
4,141 

 

$

 -

 

$
538,104 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of, and for the period ended, June 30, 2013

Commercial and industrial

 

Commercial real estate

 

Commercial real estate - construction

 

Lease financing

 

Residential mortgage

 

Home equity

 

Consumer

 

Unallocated

 

Total

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 1, 2013

$
1,281 

 

$
3,543 

 

$
39 

 

$
1 

 

$
603 

 

$
349 

 

$
105 

 

$
(51)

 

$
5,870 

  Charge-offs

 

 -

 

 
(93)

 

 

 -

 

 

 -

 

 
(22)

 

 

 -

 

 
(10)

 

 

 -

 

 
(125)

  Recoveries

 
9 

 

 
2 

 

 
8 

 

 

 -

 

 
23 

 

 
2 

 

 
63 

 

 

 -

 

 
107 

  Provisions

 
(41)

 

 
367 

 

 
(11)

 

 

 -

 

 
56 

 

 
58 

 

 
(67)

 

 
53 

 

 
415 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2013

$
1,249 

 

$
3,819 

 

$
36 

 

$
1 

 

$
660 

 

$
409 

 

$
91 

 

$
2 

 

$
6,267 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

Commercial real estate

 

Commercial real estate - construction

 

Lease financing

 

Residential mortgage

 

Home equity

 

Consumer

 

Unallocated

 

Total

Beginning balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 1, 2013

$
1,298 

 

$
3,112 

 

$
64 

 

$
1 

 

$
581 

 

$
343 

 

$
101 

 

$
9 

 

$
5,509 

  Charge-offs

 
(21)

 

 
(118)

 

 

 -

 

 

 -

 

 
(126)

 

 

 -

 

 
(15)

 

 

 -

 

 
(280)

  Recoveries

 
16 

 

 
5 

 

 
8 

 

 

 -

 

 
23 

 

 
5 

 

 
71 

 

 

 -

 

 
128 

  Provisions

 
(44)

 

 
820 

 

 
(36)

 

 

 -

 

 
182 

 

 
61 

 

 
(66)

 

 
(7)

 

 
910 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2013

$
1,249 

 

$
3,819 

 

$
36 

 

$
1 

 

$
660 

 

$
409 

 

$
91 

 

$
2 

 

$
6,267 

Ending balance: individually evaluated for impairment

$
82 

 

$
1,871 

 

$
28 

 

$

 -

 

$
29 

 

$
10 

 

$

 -

 

$

 -

 

$
2,020 

Ending balance: collectively evaluated for impairment

$
1,167 

 

$
1,948 

 

$
8 

 

$
1 

 

$
631 

 

$
399 

 

$
91 

 

$
2 

 

$
4,247 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

$
85,573 

 

$
299,029 

 

$
38,840 

 

$
1,596 

 

$
63,340 

 

$
24,338 

 

$
5,942 

 

$

 -

 

$
518,658 

Ending balance: individually evaluated  for impairment

$
238 

 

$
13,906 

 

$
54 

 

$

 -

 

$
84 

 

$
175 

 

$

 -

 

$

 -

 

$
14,457 

Ending balance: collectively evaluated for impairment

$
85,335 

 

$
285,123 

 

$
38,786 

 

$
1,596 

 

$
63,256 

 

$
24,163 

 

$
5,942 

 

$

 -

 

$
504,201 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2013

Commercial and industrial

 

Commercial real estate

 

Commercial real estate - construction

 

Lease financing

 

Residential mortgage

 

Home equity

 

Consumer

 

Unallocated

 

Total

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

$
1,187 

 

$
4,006 

 

$
9 

 

$

 -

 

$
581 

 

$
441 

 

$
72 

 

$
21 

 

$
6,317 

Ending balance: individually evaluated for impairment

$
42 

 

$
1,860 

 

$

 -

 

$

 -

 

$
25 

 

$
6 

 

$

 -

 

$

 -

 

$
1,933 

Ending balance: collectively evaluated for impairment

$
1,145 

 

$
2,146 

 

$
9 

 

$

 -

 

$
556 

 

$
435 

 

$
72 

 

$
21 

 

$
4,384 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

$
105,844 

 

$
292,774 

 

$
45,647 

 

$
1,356 

 

$
69,830 

 

$
26,321 

 

$
4,690 

 

$

 -

 

$
546,462 

Ending balance: individually evaluated  for impairment

$
300 

 

$
10,245 

 

$

 -

 

$

 -

 

$
291 

 

$
76 

 

$

 -

 

$

 -

 

$
10,912 

Ending balance: collectively evaluated for impairment

$
105,544 

 

$
282,529 

 

$
45,647 

 

$
1,356 

 

$
69,539 

 

$
26,245 

 

$
4,690 

 

$

 -

 

$
535,550 

 

Troubled Debt Restructurings

 

The recorded investments in troubled debt restructured loans at June 30, 2014 and December 31, 2013 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)                

Pre-Modification

 

Post-Modification

 

 

June 30, 2014

Outstanding Recorded Investment

 

Outstanding Recorded Investment

 

Recorded Investment

Commercial and industrial

$
40 

 

$
35 

 

$
28 

Commercial real estate

 
11,189 

 

 
9,443 

 

 
8,268 

Residential mortgage

 
1,141 

 

 
1,100 

 

 
939 

Home equity

 
50 

 

 
7 

 

 
7 

 

$
12,420 

 

$
10,585 

 

$
9,242 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)                

Pre-Modification

 

Post-Modification

 

 

December 31, 2013

Outstanding Recorded Investment

 

Outstanding Recorded Investment

 

Recorded Investment

Commercial and industrial

$
40 

 

$
35 

 

$
29 

Commercial real estate

 
10,581 

 

 
8,686 

 

 
7,470 

Residential mortgage

 
423 

 

 
417 

 

 
266 

 

$
11,044 

 

$
9,138 

 

$
7,765 

 

 

The following tables summarize loans whose terms have been modified resulting in troubled debt restructurings during the three and six months ended June 30, 2014 and 2013.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three and Six Months Ended

(Dollars in thousands)               

 

 

Pre-Modification

 

Post-Modification

 

 

June 30, 2014

Number of Contracts

 

Outstanding Recorded Investment

 

Outstanding Recorded Investment

 

Recorded Investment

Commercial real estate

2

 

$
1,057 

 

$
757 

 

$
752 

Residential mortgage

2

 

 
718 

 

 
683 

 

 
682 

Home equity

1

 

 
50 

 

 
7 

 

 
7 

 

5

 

$
1,825 

 

$
1,447 

 

$
1,441 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

(Dollars in thousands)               

 

 

Pre-Modification

 

Post-Modification

 

 

June 30, 2013

Number of Contracts

 

Outstanding Recorded Investment

 

Outstanding Recorded Investment

 

Recorded Investment

Commercial real estate

3

 

$
6,091 

 

$
5,588 

 

$
5,588 

Residential mortgage

1

 

 
14 

 

 
14 

 

 
14 

 

4

 

$
6,105 

 

$
5,602 

 

$
5,602 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

(Dollars in thousands)               

 

 

Pre-Modification

 

Post-Modification

 

 

June 30, 2013

Number of Contracts

 

Outstanding Recorded Investment

 

Outstanding Recorded Investment

 

Recorded Investment

Commercial real estate

3

 

$
6,091 

 

$
5,588 

 

$
5,588 

Residential mortgage

2

 

 
74 

 

 
74 

 

 
74 

 

5

 

$
6,165 

 

$
5,662 

 

$
5,662