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ALLOWANCE FOR LOAN AND LEASE LOSSES
 12 Months Ended
Dec. 31, 2013
Allowance for Loan and Lease Losses [Abstract]  
ALLOWANCE FOR LOAN AND LEASE LOSSES
NOTE 5 – ALLOWANCE FOR LOAN AND LEASE LOSSES

The following table presents the detail of the allowance and the loan portfolio disaggregated by loan portfolio segment as of December 31, 2013 and 2012.

Allowance for Loan and Leases Losses and Loans Held for Investment
For the year ended December 31, 2013


(In thousands)
 
Commercial
real estate
  
Construction
and land development
  
Commercial & industrial
  
Multi-family
  
Residential
real estate
  
Leases
  
Tax
certificates
  
Consumer
  
Unallocated
  
Total
 
Allowance for Loan and Leases Losses
  
  
  
  
  
  
  
  
  
 
Beginning balance
 
$
8,750
  
$
2,987
  
$
1,924
  
$
654
  
$
1,098
  
$
1,108
  
$
472
  
$
29
  
$
239
  
$
17,261
 
Charge-offs
  
(1,684
)
  
(820
)
  
(383
)
  
-
   
(46
)
  
(382
)
  
(578
)
  
-
   
-
   
(3,893
)
Recoveries
  
600
   
297
   
17
   
-
   
158
   
29
   
74
   
-
   
-
   
1,175
 
(Credit) provision
  
(2,168
)
  
(148
)
  
1,448
   
(252
)
  
(737
)
  
468
   
587
   
(14
)
  
(56
)
  
(872
)
Ending balance
 
$
5,498
  
$
2,316
  
$
3,006
  
$
402
  
$
473
  
$
1,223
  
$
555
  
$
15
  
$
183
  
$
13,671
 
 
                                        
Ending balance: related to loans individually evaluated for impairment
 
$
331
  
$
-
  
$
452
  
$
-
  
$
19
  
$
60
  
$
24
  
$
-
  
$
-
  
$
886
 
 
                                        
Ending balance: related to loans collectively evaluated for impairment
 
$
5,167
  
$
2,316
  
$
2,554
  
$
402
  
$
454
  
$
1,163
  
$
531
  
$
15
  
$
183
  
$
12,785
 
 
                                        
LHFI
                                        
Ending balance
 
$
148,293
  
$
45,261
  
$
79,589
  
$
11,737
  
$
25,535
  
$
42,524
  
$
12,716
  
$
826
  
$
-
  
$
366,481
 
 
                                        
Ending balance: individually evaluated for impairment
 
$
5,325
  
$
3,907
  
$
8,049
  
$
-
  
$
632
  
$
139
  
$
454
  
$
-
  
$
-
  
$
18,506
 
 
                                        
Ending balance: collectively evaluated for impairment
 
$
142,968
  
$
41,354
  
$
71,540
  
$
11,737
  
$
24,903
  
$
42,385
  
$
12,262
  
$
826
  
$
-
  
$
347,975
 

Allowance for Loan and Leases Losses and Loans Held for Investment
For the year ended December 31, 2012

(In thousands)
 
Commercial real estate
  
Construction and land development
  
Commercial & industrial
  
Multi-family
  
Residential
real estate
  
Leases
  
Tax
certificates
  
Consumer
  
Unallocated
  
Total
 
Allowance for Loan and Leases Losses
  
  
  
  
  
  
  
  
  
 
Beginning balance
 
$
7,744
  
$
2,523
  
$
2,331
  
$
531
  
$
1,188
  
$
1,311
  
$
425
  
$
20
  
$
307
  
$
16,380
 
Charge-offs
  
(1,313
)
  
(2,452
)
  
(586
)
  
(542
)
  
(111
)
  
(465
)
  
(802
)
  
-
   
-
   
(6,271
)
Recoveries
  
3
   
816
   
67
   
-
   
208
   
32
   
29
   
-
   
-
   
1,155
 
Provision (credit)
  
2,316
   
2,100
   
112
   
665
   
(187
)
  
230
   
820
   
9
   
(68
)
  
5,997
 
Ending balance
 
$
8,750
  
$
2,987
  
$
1,924
  
$
654
  
$
1,098
  
$
1,108
  
$
472
  
$
29
  
$
239
  
$
17,261
 
 
                                        
Ending balance: related to loans individually evaluated for impairment
 
$
835
  
$
820
  
$
255
  
$
-
  
$
14
  
$
55
  
$
47
  
$
-
  
$
-
  
$
2,026
 
 
                                        
Ending balance: related to loans collectively evaluated for impairment
 
$
7,915
  
$
2,167
  
$
1,669
  
$
654
  
$
1,084
  
$
1,053
  
$
425
  
$
29
  
$
239
  
$
15,235
 
 
                                        
LHFI
                                        
Ending balance
 
$
167,115
  
$
37,215
  
$
40,560
  
$
11,756
  
$
24,981
  
$
37,347
  
$
24,569
  
$
1,139
  
$
-
  
$
344,682
 
 
                                        
Ending balance: individually evaluated for impairment
 
$
10,958
  
$
5,943
  
$
10,251
  
$
-
  
$
994
  
$
81
  
$
601
  
$
-
  
$
-
  
$
28,828
 
 
                                        
Ending balance: collectively evaluated for impairment
 
$
156,157
  
$
31,272
  
$
30,309
  
$
11,756
  
$
23,987
  
$
37,266
  
$
23,968
  
$
1,139
  
$
-
  
$
315,854
 
 
The following tables detail the impaired LHFI by loan segment.

 
 
As of December 31, 2013
 
(In thousands)
 
Unpaid
principal
balance
  
Recorded
investment
  
Related
allowance
  
Average
recorded investment
  
Interest
income
recognized
 
With no related allowance recorded:
 
  
  
  
  
 
Commercial real estate
 
$
4,429
  
$
4,158
  
$
-
  
$
7,956
  
$
73
 
Construction and land development
  
9,850
   
3,907
   
-
   
3,933
   
209
 
Commercial and industrial
  
6,693
   
6,491
   
-
   
5,960
   
250
 
Residential real estate
  
-
   
-
   
-
   
84
   
27
 
Tax certificates
  
179
   
115
   
-
   
167
   
-
 
Total:
 
$
21,151
  
$
14,671
  
$
-
  
$
18,100
  
$
559
 
With an allowance recorded:
                    
Commercial real estate
 
$
1,435
  
$
1,435
  
$
331
  
$
1,879
  
$
-
 
Construction and land development
  
-
   
-
   
-
   
381
   
-
 
Commercial and industrial
  
2,592
   
1,290
   
452
   
2,456
   
-
 
Residential real estate
  
827
   
631
   
19
   
492
   
-
 
Leases
  
139
   
139
   
60
   
106
   
-
 
Tax certificates
  
4,322
   
340
   
24
   
341
   
-
 
Total:
 
$
9,315
  
$
3,835
  
$
886
  
$
5,655
  
$
-
 
 
 
 
As of December 31, 2012
 
(In thousands)
 
Unpaid
principal
balance
  
Recorded
investment
  
Related
allowance
  
Average
recorded
investment
  
Interest
income
recognized
 
With no related allowance recorded:
 
  
  
  
  
 
Commercial real estate
 
$
10,417
  
$
8,623
  
$
-
  
$
11,163
  
$
78
 
Construction and land development
  
6,250
   
3,464
   
-
   
10,059
   
187
 
Commercial and industrial
  
7,790
   
6,820
   
-
   
5,545
   
73
 
Multi-family
  
-
   
-
   
-
   
780
   
-
 
Residential real estate
  
572
   
516
   
-
   
490
   
21
 
Tax certificates
  
-
   
-
   
-
   
583
   
-
 
Total:
 
$
25,029
  
$
19,423
  
$
-
  
$
28,620
  
$
359
 
With an allowance recorded:
                    
Commercial real estate
 
$
4,136
  
$
2,335
  
$
835
  
$
1,526
  
$
-
 
Construction and land development
  
6,180
   
2,479
   
820
   
923
   
-
 
Commercial and industrial
  
9,585
   
3,431
   
255
   
682
   
-
 
Multi-family
  
-
   
-
   
-
   
383
   
-
 
Residential real estate
  
685
   
478
   
14
   
714
   
7
 
Leases
  
81
   
81
   
55
   
86
   
-
 
Tax certificates
  
4,408
   
601
   
47
   
288
   
-
 
Total:
 
$
25,075
  
$
9,405
  
$
2,026
  
$
4,602
  
$
7