XML 67 R26.htm IDEA: XBRL DOCUMENT v3.3.0.814
Loans and Allowance for Loan and Lease Losses (Tables)
 9 Months Ended
Sep. 30, 2015
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, 2015 and December 31, 2014 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

Special

 

 

 

 

 

 

September 30, 2015

Pass

 

Mention

 

Substandard

 

Doubtful

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
159,219 

 

$
1,497 

 

$
705 

 

$

 -

 

$
161,421 

Commercial real estate

 
337,917 

 

 
2,256 

 

 
10,574 

 

 

 -

 

 
350,747 

Commercial real estate - construction

 
65,785 

 

 
3,167 

 

 

 -

 

 

 -

 

 
68,952 

Lease financing

 
804 

 

 

 -

 

 

 -

 

 

 -

 

 
804 

Residential mortgage

 
99,335 

 

 
478 

 

 
1,272 

 

 

 -

 

 
101,085 

Home equity

 
32,587 

 

 
278 

 

 
300 

 

 

 -

 

 
33,165 

Consumer

 
2,911 

 

 

 -

 

 

 -

 

 

 -

 

 
2,911 

 

$
698,558 

 

$
7,676 

 

$
12,851 

 

$

 -

 

$
719,085 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

Special

 

 

 

 

 

 

December 31, 2014

Pass

 

Mention

 

Substandard

 

Doubtful

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
117,166 

 

$
654 

 

$
1,190 

 

$

 -

 

$
119,010 

Commercial real estate

 
280,817 

 

 
4,859 

 

 
11,681 

 

 

 -

 

 
297,357 

Commercial real estate - construction

 
55,834 

 

 
242 

 

 

 -

 

 

 -

 

 
56,076 

Lease financing

 
1,121 

 

 

 -

 

 

 -

 

 

 -

 

 
1,121 

Residential mortgage

 
64,900 

 

 
252 

 

 
1,290 

 

 

 -

 

 
66,442 

Home equity

 
28,167 

 

 
138 

 

 
201 

 

 

 -

 

 
28,506 

Consumer

 
3,021 

 

 

 -

 

 

 -

 

 

 -

 

 
3,021 

 

$
551,026 

 

$
6,145 

 

$
14,362 

 

$

 -

 

$
571,533 

 

Impaired Loans by Loan Portfolio Class

Impaired loans by loan portfolio class as of September 30, 2015 and December 31, 2014 are summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2015

 

December 31, 2014

(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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
17 

 

$
51 

 

$

 -

 

$
395 

 

$
430 

 

$

 -

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 
969 

 

 
1,948 

 

 

 -

 

 
1,971 

 

 
4,481 

 

 

 -

Acquired with credit deterioration*

 
927 

 

 
927 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Residential mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 
770 

 

 
854 

 

 

 -

 

 
1,146 

 

 
1,286 

 

 

 -

Acquired with credit deterioration*

 
419 

 

 
419 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Home equity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 
20 

 

 
37 

 

 

 -

 

 
29 

 

 
88 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
123 

 

$
134 

 

$
58 

 

$
223 

 

$
231 

 

$
137 

Commercial real estate

 
5,355 

 

 
6,402 

 

 
1,531 

 

 
6,954 

 

 
7,255 

 

 
1,382 

Residential mortgage

 
31 

 

 
31 

 

 
23 

 

 

 -

 

 

 -

 

 

 -

Home equity

 
165 

 

 
168 

 

 
129 

 

 
211 

 

 
213 

 

 
115 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
140 

 

$
185 

 

$
58 

 

$
618 

 

$
661 

 

$
137 

Commercial real estate

 
7,251 

 

 
9,277 

 

 
1,531 

 

 
8,925 

 

 
11,736 

 

 
1,382 

Residential mortgage

 
1,220 

 

 
1,304 

 

 
23 

 

 
1,146 

 

 
1,286 

 

 

 -

Home equity

 
185 

 

 
205 

 

 
129 

 

 
240 

 

 
301 

 

 
115 

 

 

* Loans acquired with credit deterioration are presented net of credit fair value adjustment.

Average Recorded Investment Of Impaired Loans And Related Interest Income By Loan Portfolio Class

 

Average recorded investment of impaired loans and related interest income recognized for the three and nine months ended September 30, 2015 and September 30, 2014 are summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

September 30, 2015

 

September 30, 2014

(Dollars in thousands)                    

Average Recorded Investment

 

Interest Income Recognized

 

Average Recorded Investment

 

Interest Income Recognized

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial:

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
18 

 

$

 -

 

$
48 

 

$

 -

Acquired with credit deterioration

 

 -

 

 
100 

 

 

 -

 

 

 -

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 
991 

 

 
14 

 

 
2,057 

 

 

 -

Acquired with credit deterioration

 
926 

 

 

 -

 

 

 -

 

 

 -

Residential mortgage:

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 
735 

 

 
8 

 

 
908 

 

 

 -

Acquired with credit deterioration

 
426 

 

 

 -

 

 

 -

 

 

 -

Home equity:

 

 

 

 

 

 

 

 

 

 

 

Home equity

 
21 

 

 

 -

 

 
31 

 

 

 -

Acquired with credit deterioration

 

 -

 

 
3 

 

 

 -

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
124 

 

$

 -

 

$
133 

 

$

 -

Commercial real estate

 
5,167 

 

 

 -

 

 
6,930 

 

 

 -

Residential mortgage

 
31 

 

 

 -

 

 

 -

 

 

 -

Home equity

 
182 

 

 

 -

 

 
112 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

Total:

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
142 

 

$
100 

 

$
181 

 

$

 -

Commercial real estate

 
7,084 

 

 
14 

 

 
8,987 

 

 

 -

Residential mortgage

 
1,192 

 

 
8 

 

 
908 

 

 

 -

Home equity

 
203 

 

 
3 

 

 
143 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

September 30, 2015

 

September 30, 2014

(Dollars in thousands)                    

Average Recorded Investment

 

Interest Income Recognized

 

Average Recorded Investment

 

Interest Income Recognized

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial:

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
22 

 

$

 -

 

$
51 

 

$

 -

Acquired with credit deterioration

 

 -

 

 
205 

 

 

 -

 

 

 -

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 
1,072 

 

 
14 

 

 
2,127 

 

 
346 

Acquired with credit deterioration

 
947 

 

 
347 

 

 

 -

 

 

 -

Residential mortgage:

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 
673 

 

 
8 

 

 
930 

 

 

 -

Acquired with credit deterioration

 
427 

 

 

 -

 

 

 -

 

 

 -

Home equity:

 

 

 

 

 

 

 

 

 

 

 

Home equity

 
22 

 

 

 -

 

 
54 

 

 

 -

Acquired with credit deterioration

 

 -

 

 
3 

 

 

 -

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
127 

 

$

 -

 

$
135 

 

$

 -

Commercial real estate

 
5,077 

 

 

 -

 

 
7,008 

 

 

 -

Residential mortgage

 
19 

 

 

 -

 

 

 -

 

 

 -

Home equity

 
178 

 

 

 -

 

 
115 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

Total:

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$
149 

 

$
205 

 

$
186 

 

$

 -

Commercial real estate

 
7,096 

 

 
361 

 

 
9,135 

 

 
346 

Residential mortgage

 
1,119 

 

 
8 

 

 
930 

 

 

 -

Home equity

 
200 

 

 
3 

 

 
169 

 

 

 -

 

Non-accrual Loans by Classes of the Loan Portfolio

Non-accrual loans by loan portfolio class as of September 30, 2015 and December 31, 2014 are summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

September 30, 2015

 

December 31, 2014

 

 

 

 

 

 

Commercial and industrial

$
78 

 

$
267 

Commercial real estate

 
5,938 

 

 
7,249 

Residential mortgage

 
1,089 

 

 
1,152 

Home equity

 
185 

 

 
239 

 

$
7,290 

 

$
8,907 

 

Loan Portfolio Summarized by the Past Due Status

The classes of the loan portfolio summarized by the past due status as of September 30, 2015 and December 31, 2014 are summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2015

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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

$

 -

 

$
219 

 

$
78 

 

$
297 

 

$
161,124 

 

$
161,421 

 

$

 -

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 
1,128 

 

 
865 

 

 
4,052 

 

 
6,045 

 

 
343,775 

 

 
349,820 

 

 

 -

Acquired with credit deterioration

 

 -

 

 

 -

 

 
53 

 

 
53 

 

 
874 

 

 
927 

 

 
53 

Commercial real estate - construction:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate - construction

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
68,952 

 

 
68,952 

 

 

 -

Lease financing:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease financing

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
804 

 

 
804 

 

 

 -

Residential mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 
75 

 

 
480 

 

 
715 

 

 
1,270 

 

 
99,396 

 

 
100,666 

 

 

 -

Acquired with credit deterioration

 
117 

 

 

 -

 

 
218 

 

 
335 

 

 
84 

 

 
419 

 

 

 -

Home equity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 
20 

 

 

 -

 

 
139 

 

 
159 

 

 
33,006 

 

 
33,165 

 

 

 -

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 
5 

 

 

 -

 

 

 -

 

 
5 

 

 
2,906 

 

 
2,911 

 

 

 -

            Total

$
1,345 

 

$
1,564 

 

$
5,255 

 

$
8,164 

 

$
710,921 

 

$
719,085 

 

$
53 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 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

$
172 

 

$
290 

 

$
87 

 

$
549 

 

$
118,461 

 

$
119,010 

 

$

 -

Commercial real estate

 
403 

 

 
197 

 

 
6,585 

 

 
7,185 

 

 
290,172 

 

 
297,357 

 

 

 -

Commercial real estate - construction

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
56,076 

 

 
56,076 

 

 

 -

Lease financing

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
1,121 

 

 
1,121 

 

 

 -

Residential mortgage

 
328 

 

 
82 

 

 
1,117 

 

 
1,527 

 

 
64,915 

 

 
66,442 

 

 

 -

Home equity

 
93 

 

 
63 

 

 
157 

 

 
313 

 

 
28,193 

 

 
28,506 

 

 

 -

Consumer

 
6 

 

 

 -

 

 

 -

 

 
6 

 

 
3,015 

 

 
3,021 

 

 

 -

            Total

$
1,002 

 

$
632 

 

$
7,946 

 

$
9,580 

 

$
561,953 

 

$
571,533 

 

$

 -

 

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 periods ended, September 30, 2015

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, 2015

$
1,748 

 

$
3,891 

 

$
40 

 

$
2 

 

$
481 

 

$
611 

 

$
40 

 

$
38 

 

$
6,851 

  Charge-offs

 
(130)

 

 

 -

 

 

 -

 

 

 -

 

 
(34)

 

 
(7)

 

 
(2)

 

 

 -

 

 
(173)

  Recoveries

 
10 

 

 
5 

 

 

 -

 

 

 -

 

 
23 

 

 

 -

 

 
3 

 

 

 -

 

 
41 

  Provisions

 
(67)

 

 
237 

 

 
86 

 

 
(1)

 

 
33 

 

 
22 

 

 
(7)

 

 
(38)

 

 
265 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2015

$
1,561 

 

$
4,133 

 

$
126 

 

$
1 

 

$
503 

 

$
626 

 

$
34 

 

$

 -

 

$
6,984 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 1, 2015

$
1,393 

 

$
3,925 

 

$
33 

 

$
2 

 

$
450 

 

$
653 

 

$
35 

 

$
225 

 

$
6,716 

  Charge-offs

 
(130)

 

 
(505)

 

 

 -

 

 

 -

 

 
(35)

 

 
(36)

 

 
(13)

 

 

 -

 

 
(719)

  Recoveries

 
10 

 

 
48 

 

 

 -

 

 

 -

 

 
23 

 

 
29 

 

 
12 

 

 

 -

 

 
122 

  Provisions

 
288 

 

 
665 

 

 
93 

 

 
(1)

 

 
65 

 

 
(20)

 

 

 -

 

 
(225)

 

 
865 

Ending balance,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2015

$
1,561 

 

$
4,133 

 

$
126 

 

$
1 

 

$
503 

 

$
626 

 

$
34 

 

$

 -

 

$
6,984 

Ending balance: individually evaluated for impairment

$
58 

 

$
1,531 

 

$

 -

 

$

 -

 

$
23 

 

$
129 

 

$

 -

 

$

 -

 

$
1,741 

Ending balance: collectively evaluated for impairment

$
1,503 

 

$
2,602 

 

$
126 

 

$
1 

 

$
480 

 

$
497 

 

$
34 

 

$

 -

 

$
5,243 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

$
161,421 

 

$
350,747 

 

$
68,952 

 

$
804 

 

$
101,085 

 

$
33,165 

 

$
2,911 

 

$

 -

 

$
719,085 

Ending balance: individually evaluated  for impairment

$
140 

 

$
6,324 

 

$

 -

 

$

 -

 

$
801 

 

$
185 

 

$

 -

 

$

 -

 

$
7,450 

Ending balance: collectively evaluated for impairment

$
161,281 

 

$
343,496 

 

$
68,952 

 

$
804 

 

$
99,865 

 

$
32,980 

 

$
2,911 

 

$

 -

 

$
710,289 

Ending balance: acquired with credit deterioration

$

 -

 

$
927 

 

$

 -

 

$

 -

 

$
419 

 

$

 -

 

$

 -

 

$

 -

 

$
1,346 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of, and for the periods 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

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

$
1,393 

 

$
3,925 

 

$
33 

 

$
2 

 

$
450 

 

$
653 

 

$
35 

 

$
225 

 

$
6,716 

Ending balance: individually evaluated for impairment

$
137 

 

$
1,382 

 

$

 -

 

$

 -

 

$

 -

 

$
115 

 

$

 -

 

$

 -

 

$
1,634 

Ending balance: collectively evaluated for impairment

$
1,256 

 

$
2,543 

 

$
33 

 

$
2 

 

$
450 

 

$
538 

 

$
35 

 

$
225 

 

$
5,082 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

$
119,010 

 

$
297,357 

 

$
56,076 

 

$
1,121 

 

$
66,442 

 

$
28,506 

 

$
3,021 

 

$

 -

 

$
571,533 

Ending balance: individually evaluated  for impairment

$
618 

 

$
8,925 

 

$

 -

 

$

 -

 

$
1,146 

 

 
240 

 

$

 -

 

$

 -

 

$
10,929 

Ending balance: collectively evaluated for impairment

$
118,392 

 

$
288,432 

 

$
56,076 

 

$
1,121 

 

$
65,296 

 

$
28,266 

 

$
3,021 

 

$

 -

 

$
560,604 

 

Troubled Debt Restructurings

The recorded investments in troubled debt restructured loans at September 30, 2015 and December 31, 2014 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)                

Pre-Modification

 

Post-Modification

 

 

September 30, 2015

Outstanding Recorded Investment

 

Outstanding Recorded Investment

 

Recorded Investment

Commercial and industrial

$
40 

 

$
35 

 

$
15 

Commercial real estate

 
7,528 

 

 
6,558 

 

 
5,726 

Residential mortgage

 
733 

 

 
727 

 

 
570 

 

$
8,301 

 

$
7,320 

 

$
6,311 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)                

Pre-Modification

 

Post-Modification

 

 

December 31, 2014

Outstanding Recorded Investment

 

Outstanding Recorded Investment

 

Recorded Investment

Commercial and industrial

$
40 

 

$
35 

 

$
23 

Commercial real estate

 
11,189 

 

 
9,443 

 

 
8,005 

Residential mortgage

 
903 

 

 
897 

 

 
713 

Home equity

 
50 

 

 
7 

 

 
5 

 

$
12,182 

 

$
10,382 

 

$
8,746 

 

Schedule of Accretion of Purchase Impaired Loan

The following table provides activity for the accretable yield of purchased impaired loans for the three and nine months ended September 30, 2015.

 

 

 

 

 

(Dollars in thousands)

 

Accretable yield, July 1, 2015

$
286 

Acquisition of impaired loans

 

 -

Accretable yield amortized to interest income

 
(72)

Reclassification from nonaccretable difference (1)

 

 -

Accretable yield, September 30, 2015

$
214 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

Accretable yield, January 1, 2015

$

 -

Acquisition of impaired loans

 
458 

Accretable yield amortized to interest income

 
(244)

Reclassification from nonaccretable difference (1)

 

 -

Accretable yield, September 30, 2015

$
214 

 

(1) Reclassification from non-accretable difference represents an increase to the estimated cash flows to be collected on the underlying portfolio

Schedule of Troubled Debt Restructurings Modified in the Current Period [Table Text Block]

The table below lists the new loans modified during the nine months ended September 30, 2014 that resulted in troubled debt restructurings. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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