XML 41 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Loans and Allowance for Loan and Lease Losses (Tables)
 9 Months Ended
Sep. 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 September 30, 2014 and December 31, 2013 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

Special

 

 

 

 

 

 

September 30, 2014

Pass

 

Mention

 

Substandard

 

Doubtful

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
114,945 

 

$
853 

 

$
765 

 

$

 -

 

$
116,563 

Commercial real estate

 
277,363 

 

 
5,484 

 

 
11,956 

 

 

 -

 

 
294,803 

Commercial real estate - construction

 
54,942 

 

 
247 

 

 

 -

 

 

 -

 

 
55,189 

Lease financing

 
1,215 

 

 

 -

 

 

 -

 

 

 -

 

 
1,215 

Residential mortgage

 
67,317 

 

 
256 

 

 
877 

 

 

 -

 

 
68,450 

Home equity

 
27,527 

 

 
148 

 

 
220 

 

 

 -

 

 
27,895 

Consumer

 
4,046 

 

 

 -

 

 

 -

 

 

 -

 

 
4,046 

 

$
547,355 

 

$
6,988 

 

$
13,818 

 

$

 -

 

$
568,161 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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 September 30, 2014 and December 31, 2013 are summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 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

$
40 

 

$
75 

 

$

 -

 

$
185 

 

$
671 

 

$

 -

Commercial real estate

 
2,006 

 

 
5,161 

 

 

 -

 

 
2,596 

 

 
5,898 

 

 

 -

Residential mortgage

 
877 

 

 
983 

 

 

 -

 

 
266 

 

 
282 

 

 

 -

Home equity

 
30 

 

 
820 

 

 

 -

 

 
27 

 

 
792 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
131 

 

$
136 

 

$
73 

 

$
115 

 

$
243 

 

$
42 

Commercial real estate

 
6,915 

 

 
7,209 

 

 
1,162 

 

 
7,649 

 

 
7,972 

 

 
1,860 

Residential mortgage

 

 -

 

 

 -

 

 

 -

 

 
25 

 

 
25 

 

 
25 

Home equity

 
111 

 

 
111 

 

 
8 

 

 
49 

 

 
49 

 

 
6 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
171 

 

$
211 

 

$
73 

 

$
300 

 

$
914 

 

$
42 

Commercial real estate

 
8,921 

 

 
12,370 

 

 
1,162 

 

 
10,245 

 

 
13,870 

 

 
1,860 

Residential mortgage

 
877 

 

 
983 

 

 

 -

 

 
291 

 

 
307 

 

 
25 

Home equity

 
141 

 

 
931 

 

 
8 

 

 
76 

 

 
841 

 

 
6 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

September 30, 2014

 

September 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

$
48 

 

$

 -

 

$
185 

 

$

 -

Commercial real estate

 
2,057 

 

 

 -

 

 
6,432 

 

 
123 

Residential mortgage

 
908 

 

 

 -

 

 
293 

 

 

 -

Home equity

 
31 

 

 

 -

 

 
29 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
133 

 

$

 -

 

$
42 

 

$

 -

Commercial real estate

 
6,930 

 

 

 -

 

 
4,026 

 

 

 -

Residential mortgage

 

 -

 

 

 -

 

 
25 

 

 

 -

Home equity

 
112 

 

 

 -

 

 
53 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

Total:

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
181 

 

$

 -

 

$
227 

 

$

 -

Commercial real estate

 
8,987 

 

 

 -

 

 
10,458 

 

 
123 

Residential mortgage

 
908 

 

 

 -

 

 
318 

 

 

 -

Home equity

 
143 

 

 

 -

 

 
82 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

September 30, 2014

 

September 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

$
51 

 

$

 -

 

$
186 

 

$

 -

Commercial real estate

 
2,127 

 

 
346 

 

 
6,695 

 

 
187 

Residential mortgage

 
930 

 

 

 -

 

 
325 

 

 

 -

Home equity

 
54 

 

 

 -

 

 
30 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
135 

 

$

 -

 

$
43 

 

$

 -

Commercial real estate

 
7,008 

 

 

 -

 

 
4,042 

 

 

 -

Residential mortgage

 

 -

 

 

 -

 

 
25 

 

 

 -

Home equity

 
115 

 

 

 -

 

 
54 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

Total:

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
186 

 

$

 -

 

$
229 

 

$

 -

Commercial real estate

 
9,135 

 

 
346 

 

 
10,737 

 

 
187 

Residential mortgage

 
930 

 

 

 -

 

 
350 

 

 

 -

Home equity

 
169 

 

 

 -

 

 
84 

 

 

 -

 

 

Non-accrual Loans by Classes of the Loan Portfolio

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

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

September 30, 2014

 

December 31, 2013

 

 

 

 

 

 

Commercial and industrial

$
106 

 

$
300 

Commercial real estate

 
6,923 

 

 
9,648 

Residential mortgage

 
1,331 

 

 
803 

Home equity

 
253 

 

 
126 

 

$
8,613 

 

$
10,877 

 

Loan Portfolio Summarized by the Past Due Status

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 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

$

 -

 

$
295 

 

$
97 

 

$
392 

 

$
116,171 

 

$
116,563 

 

$

 -

Commercial real estate

 
1,153 

 

 
908 

 

 
6,310 

 

 
8,371 

 

 
286,432 

 

 
294,803 

 

 

 -

Commercial real estate - construction

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
55,189 

 

 
55,189 

 

 

 -

Lease financing

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
1,215 

 

 
1,215 

 

 

 -

Residential mortgage

 
70 

 

 
1,281 

 

 
145 

 

 
1,496 

 

 
66,954 

 

 
68,450 

 

 

 -

Home equity

 
229 

 

 
7 

 

 

 -

 

 
236 

 

 
27,659 

 

 
27,895 

 

 

 -

Consumer

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
4,046 

 

 
4,046 

 

 

 -

            Total

$
1,452 

 

$
2,491 

 

$
6,552 

 

$
10,495 

 

$
557,666 

 

$
568,161 

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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, September 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,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 1, 2014

$
1,341 

 

$
3,458 

 

$
19 

 

$
1 

 

$
592 

 

$
483 

 

$
63 

 

$
173 

 

$
6,130 

  Charge-offs

 
(21)

 

 
(72)

 

 

 -

 

 

 -

 

 
(47)

 

 

 -

 

 
(5)

 

 

 -

 

 
(145)

  Recoveries

 
7 

 

 
9 

 

 

 -

 

 

 -

 

 

 -

 

 
1 

 

 
14 

 

 

 -

 

 
31 

  Provisions

 
(9)

 

 
209 

 

 

 -

 

 

 -

 

 
(39)

 

 
189 

 

 
(10)

 

 
55 

 

 
395 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2014

$
1,318 

 

$
3,604 

 

$
19 

 

$
1 

 

$
506 

 

$
673 

 

$
62 

 

$
228 

 

$
6,411 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 
(62)

 

 
(934)

 

 

 -

 

 

 -

 

 
(133)

 

 
(43)

 

 
(31)

 

 

 -

 

 
(1,203)

  Recoveries

 
13 

 

 
11 

 

 

 -

 

 

 -

 

 

 -

 

 
1 

 

 
55 

 

 

 -

 

 
80 

  Provisions

 
180 

 

 
521 

 

 
10 

 

 
1 

 

 
58 

 

 
274 

 

 
(34)

 

 
207 

 

 
1,217 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2014

$
1,318 

 

$
3,604 

 

$
19 

 

$
1 

 

$
506 

 

$
673 

 

$
62 

 

$
228 

 

$
6,411 

Ending balance: individually evaluated for impairment

$
73 

 

$
1,162 

 

$

 -

 

$

 -

 

$

 -

 

$
8 

 

$

 -

 

$

 -

 

$
1,243 

Ending balance: collectively evaluated for impairment

$
1,245 

 

$
2,442 

 

$
19 

 

$
1 

 

$
506 

 

$
665 

 

$
62 

 

$
228 

 

$
5,168 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

$
116,563 

 

$
294,803 

 

$
55,189 

 

$
1,215 

 

$
68,450 

 

$
27,895 

 

$
4,046 

 

$

 -

 

$
568,161 

Ending balance: individually evaluated  for impairment

$
171 

 

$
8,921 

 

$

 -

 

$

 -

 

$
877 

 

$
141 

 

$

 -

 

$

 -

 

$
10,110 

Ending balance: collectively evaluated for impairment

$
116,392 

 

$
285,882 

 

$
55,189 

 

$
1,215 

 

$
67,573 

 

$
27,754 

 

$
4,046 

 

$

 -

 

$
558,051 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of, and for the period ended, September 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,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 1, 2013

$
1,249 

 

$
3,819 

 

$
36 

 

$
1 

 

$
660 

 

$
409 

 

$
91 

 

$
2 

 

$
6,267 

  Charge-offs

 
(161)

 

 
(759)

 

 
(17)

 

 

 -

 

 
(41)

 

 
(91)

 

 
(8)

 

 

 -

 

 
(1,077)

  Recoveries

 
10 

 

 
8 

 

 

 -

 

 
2 

 

 

 -

 

 

 -

 

 
8 

 

 

 -

 

 
28 

  Provisions

 
56 

 

 
902 

 

 
(9)

 

 
(2)

 

 
(239)

 

 
(81)

 

 
(7)

 

 
(45)

 

 
575 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2013

$
1,154 

 

$
3,970 

 

$
10 

 

$
1 

 

$
380 

 

$
237 

 

$
84 

 

$
(43)

 

$
5,793 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 
(182)

 

 
(877)

 

 
(17)

 

 

 -

 

 
(167)

 

 
(91)

 

 
(23)

 

 

 -

 

 
(1,357)

  Recoveries

 
26 

 

 
13 

 

 
8 

 

 
2 

 

 
23 

 

 
5 

 

 
79 

 

 

 -

 

 
156 

  Provisions

 
12 

 

 
1,722 

 

 
(45)

 

 
(2)

 

 
(57)

 

 
(20)

 

 
(73)

 

 
(52)

 

 
1,485 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2013

$
1,154 

 

$
3,970 

 

$
10 

 

$
1 

 

$
380 

 

$
237 

 

$
84 

 

$
(43)

 

$
5,793 

Ending balance: individually evaluated for impairment

$
42 

 

$
1,423 

 

$

 -

 

$

 -

 

$
25 

 

$
8 

 

$

 -

 

$

 -

 

$
1,498 

Ending balance: collectively evaluated for impairment

$
1,112 

 

$
2,547 

 

$
10 

 

$
1 

 

$
355 

 

$
229 

 

$
84 

 

$
(43)

 

$
4,295 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

$
92,241 

 

$
293,897 

 

$
44,170 

 

$
1,475 

 

$
66,860 

 

$
24,449 

 

$
5,454 

 

$

 -

 

$
528,546 

Ending balance: individually evaluated  for impairment

$
227 

 

$
9,762 

 

$

 -

 

$

 -

 

$
41 

 

$
80 

 

$

 -

 

$

 -

 

$
10,110 

Ending balance: collectively evaluated for impairment

$
92,014 

 

$
284,135 

 

$
44,170 

 

$
1,475 

 

$
66,819 

 

$
24,369 

 

$
5,454 

 

$

 -

 

$
518,436 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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 September 30, 2014 and December 31, 2013 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)                

Pre-Modification

 

Post-Modification

 

 

September 30, 2014

Outstanding Recorded Investment

 

Outstanding Recorded Investment

 

Recorded Investment

Commercial and industrial

$
40 

 

$
35 

 

$
25 

Commercial real estate

 
11,189 

 

 
9,443 

 

 
8,154 

Residential mortgage

 
1,141 

 

 
1,100 

 

 
877 

Home equity

 
50 

 

 
7 

 

 
6 

 

$
12,420 

 

$
10,585 

 

$
9,062 

 

 

 

 

 

 

 

 

 

 

(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 nine months ended September 30, 2014 and September 30, 2013.    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

(Dollars in thousands)               

 

 

Pre-Modification

 

Post-Modification

 

 

September 30, 2014

Number of Contracts

 

Outstanding Recorded Investment

 

Outstanding Recorded Investment

 

Recorded Investment

Commercial real estate

2

 

$
1,057 

 

$
757 

 

$
742 

Residential mortgage

2

 

 
718 

 

 
683 

 

 
669 

Home equity

1

 

 
50 

 

 
7 

 

 
6 

 

5

 

$
1,825 

 

$
1,447 

 

$
1,417 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

(Dollars in thousands)               

 

 

Pre-Modification

 

Post-Modification

 

 

September 30, 2013

Number of Contracts

 

Outstanding Recorded Investment

 

Outstanding Recorded Investment

 

Recorded Investment

Commercial real estate

3

 

$
6,091 

 

$
5,588 

 

$
5,502 

Residential mortgage

2

 

 
74 

 

 
74 

 

 
29 

 

5

 

$
6,165 

 

$
5,662 

 

$
5,531