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Loans (Tables)
 6 Months Ended
Jun. 30, 2014
Loans Receivable, Net [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
 
Loans receivable consist of the following:
 
 
 
June 30,
2014
 
December 31,
2013
 
 
 
(In Thousands)
 
Real Estate:
 
 
 
 
 
 
 
Secured by 1-4 family residential
 
$
199,886
 
$
195,752
 
Secured by multi-family residential
 
 
151,008
 
 
148,952
 
Secured by commercial real estate
 
 
650,915
 
 
670,666
 
Construction
 
 
108,478
 
 
86,058
 
 
 
 
1,110,287
 
 
1,101,428
 
Other Loans:
 
 
 
 
 
 
 
Commercial
 
 
390,055
 
 
388,236
 
Home equity and improvement
 
 
108,460
 
 
106,930
 
Consumer Finance
 
 
15,800
 
 
16,902
 
 
 
 
514,315
 
 
512,068
 
Total loans
 
 
1,624,602
 
 
1,613,496
 
Deduct:
 
 
 
 
 
 
 
Undisbursed loan funds
 
 
(41,874)
 
 
(32,290)
 
Net deferred loan origination fees and costs
 
 
(744)
 
 
(758)
 
Allowance for loan loss
 
 
(24,627)
 
 
(24,950)
 
Totals
 
$
1,557,357
 
$
1,555,498
 
Schedule of Valuation Allowance for Impairment of Recognized Servicing Assets [Table Text Block]
The following table discloses allowance for loan loss activity for the quarter ended June 30, 2014 and June 30, 2013 by portfolio segment and impairment method (In Thousands):
 
Quarter Ended June 30, 2014
 
1-4 Family
Residential
Real Estate
 
Multi- Family
Residential
Real Estate
 
Commercial
Real Estate
 
Construction
 
Commercial
 
Home Equity
and
Improvement
 
Consumer
Finance
 
Total
 
Beginning Allowance
 
$
2,639
 
$
2,615
 
$
11,987
 
$
138
 
$
5,610
 
$
1,647
 
$
147
 
$
24,783
 
Charge-Offs
 
 
(42)
 
 
(0)
 
 
(39)
 
 
0
 
 
(973)
 
 
(80)
 
 
(12)
 
 
(1,146)
 
Recoveries
 
 
98
 
 
2
 
 
200
 
 
0
 
 
173
 
 
55
 
 
16
 
 
544
 
Provisions
 
 
(350)
 
 
(137)
 
 
(672)
 
 
61
 
 
1,389
 
 
158
 
 
(3)
 
 
446
 
Ending Allowance
 
$
2,345
 
$
2,480
 
$
11,476
 
$
199
 
$
6,199
 
$
1,780
 
$
148
 
$
24,627
 
 
Quarter Ended June 30, 2013
 
1-4 Family
Residential
Real Estate
 
Multi- Family
Residential
Real Estate
 
Commercial
Real Estate
 
Construction
 
Commercial
 
Home Equity
and
Improvement
 
Consumer
Finance
 
Total
 
Beginning Allowance
 
$
3,433
 
$
2,410
 
$
13,367
 
$
67
 
$
5,304
 
$
1,723
 
$
155
 
$
26,459
 
Charge-Offs
 
 
(184)
 
 
(6)
 
 
(277)
 
 
0
 
 
(316)
 
 
(170)
 
 
(8)
 
 
(961)
 
Recoveries
 
 
33
 
 
0
 
 
167
 
 
0
 
 
57
 
 
38
 
 
29
 
 
324
 
Provisions
 
 
(85)
 
 
21
 
 
(117)
 
 
16
 
 
429
 
 
195
 
 
(11)
 
 
448
 
Ending Allowance
 
$
3,197
 
$
2,425
 
$
13,140
 
$
83
 
$
5,474
 
$
1,786
 
$
165
 
$
26,270
 
  
The following table discloses allowance for loan loss activity for the year-to-date ended June 30, 2014 and June 30, 2013 by portfolio segment and impairment method (In Thousands):
 
Year-to-date Ended June 30,
2014
 
1-4 Family
Residential
Real Estate
 
Multi- Family
Residential
Real Estate
 
Commercial
Real Estate
 
Construction
 
Commercial
 
Home Equity
and
Improvement
 
Consumer
 
Total
 
Beginning Allowance
 
$
2,847
 
$
2,508
 
$
12,000
 
$
134
 
$
5,678
 
$
1,635
 
$
148
 
$
24,950
 
Charge-Offs
 
 
(270)
 
 
(0)
 
 
(267)
 
 
0
 
 
(1,498)
 
 
(264)
 
 
(23)
 
 
(2,322)
 
Recoveries
 
 
154
 
 
5
 
 
922
 
 
0
 
 
249
 
 
86
 
 
34
 
 
1,450
 
Provisions
 
 
(386)
 
 
(33)
 
 
(1,179)
 
 
65
 
 
1,770
 
 
323
 
 
(11)
 
 
549
 
Ending Allowance
 
$
2,345
 
$
2,480
 
$
11,476
 
$
199
 
$
6,199
 
$
1,780
 
$
148
 
$
24,627
 
 
Year-to-date Ended June 30,
2013
 
1-4 Family
Residential
Real Estate
 
Multi- Family
Residential
Real Estate
 
Commercial
Real Estate
 
Construction
 
Commercial
 
Home Equity
and
Improvement
 
Consumer
 
Total
 
Beginning Allowance
 
$
3,506
 
$
2,197
 
$
12,702
 
$
75
 
$
6,325
 
$
1,759
 
$
147
 
$
26,711
 
Charge-Offs
 
 
(390)
 
 
(6)
 
 
(543)
 
 
0
 
 
(521)
 
 
(442)
 
 
(54)
 
 
(1,956)
 
Recoveries
 
 
132
 
 
0
 
 
268
 
 
0
 
 
133
 
 
61
 
 
48
 
 
642
 
Provisions
 
 
(51)
 
 
234
 
 
713
 
 
8
 
 
(463)
 
 
408
 
 
24
 
 
873
 
Ending Allowance
 
$
3,197
 
$
2,425
 
$
13,140
 
$
83
 
$
5,474
 
$
1,786
 
$
165
 
$
26,270
 
Schedule of Allowance for Loan Losses and Recorded Investment in Portfolio Segment Based on Impairment [Table Text Block]
The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of June 30, 2014: (In Thousands)
 
 
 
1-4 Family
 
Multi- Family
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential
 
Residential
 
Commercial
 
 
 
 
 
 
 
Home Equity
 
Consumer
 
 
 
 
 
 
Real Estate
 
Real Estate
 
Real Estate
 
Construction
 
Commercial
 
& Improvement
 
Finance
 
Total
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending allowance balance attributable to loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
182
 
$
-
 
$
1,129
 
$
-
 
$
23
 
$
24
 
$
-
 
$
1,358
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
 
 
2,163
 
 
2,480
 
 
10,347
 
 
199
 
 
6,176
 
 
1,756
 
 
148
 
 
23,269
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquired with deteriorated credit quality
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total ending allowance balance
 
$
2,345
 
$
2,480
 
$
11,476
 
$
199
 
$
6,199
 
$
1,780
 
$
148
 
$
24,627
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment
 
$
9,796
 
$
358
 
$
29,630
 
$
262
 
$
7,385
 
$
2,099
 
$
47
 
$
49,577
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans collectively evaluated for impairment
 
 
190,502
 
 
150,782
 
 
623,996
 
 
66,312
 
 
383,031
 
 
106,760
 
 
15,739
 
 
1,537,122
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans acquired with deteriorated credit quality
 
 
1
 
 
-
 
 
169
 
 
-
 
 
24
 
 
-
 
 
-
 
 
194
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total ending loans balance
 
$
200,299
 
$
151,140
 
$
653,795
 
$
66,574
 
$
390,440
 
$
108,859
 
$
15,786
 
$
1,586,893
 
 
The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2013: (In Thousands)
 
 
 
1-4 Family
 
Multi- Family
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential
 
Residential
 
Commercial
 
 
 
 
 
 
 
Home Equity
 
Consumer
 
 
 
 
 
 
Real Estate
 
Real Estate
 
Real Estate
 
Construction
 
Commercial
 
& Improvement
 
Finance
 
Total
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending allowance balance attributable to loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
220
 
$
-
 
$
1,121
 
$
-
 
$
6
 
$
45
 
$
-
 
$
1,392
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
 
 
2,627
 
 
2,508
 
 
10,879
 
 
134
 
 
5,672
 
 
1,590
 
 
148
 
 
23,558
 
Acquired with deteriorated credit quality
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Total ending allowance balance
 
$
2,847
 
$
2,508
 
$
12,000
 
$
134
 
$
5,678
 
$
1,635
 
$
148
 
$
24,950
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment
 
$
10,245
 
$
840
 
$
34,874
 
$
263
 
$
8,737
 
$
2,429
 
$
53
 
$
57,441
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans collectively evaluated for impairment
 
 
185,923
 
 
148,294
 
 
637,657
 
 
53,467
 
 
380,711
 
 
104,958
 
 
16,838
 
 
1,527,848
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans acquired with deteriorated credit quality
 
 
29
 
 
-
 
 
174
 
 
-
 
 
27
 
 
-
 
 
-
 
 
230
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total ending loans balance
 
$
196,197
 
$
149,134
 
$
672,705
 
$
53,730
 
$
389,475
 
$
107,387
 
$
16,891
 
$
1,585,519
 
Loans Receivable, Impaired, Interest Income, Cash Basis Method [Table Text Block]
The following table presents the average balance, interest income recognized and cash basis income recognized on impaired loans by class of loans. (In Thousands)
 
 
 
Three Months Ended June 30, 2014
 
Six Months Ended June 30, 2014
 
 
 
Average
Balance
 
Interest
Income
Recognized
 
Cash Basis
Income
Recognized
 
Average
Balance
 
Interest
Income
Recognized
 
Cash Basis
Income
Recognized
 
Residential Owner Occupied
 
$
6,133
 
$
81
 
$
75
 
$
6,231
 
$
166
 
$
158
 
Residential Non Owner Occupied
 
 
3,715
 
 
32
 
 
33
 
 
3,900
 
 
70
 
 
71
 
Total Residential Real Estate
 
 
9,848
 
 
113
 
 
108
 
 
10,131
 
 
236
 
 
229
 
Construction
 
 
261
 
 
3
 
 
4
 
 
261
 
 
6
 
 
9
 
Multi-Family
 
 
369
 
 
1
 
 
1
 
 
378
 
 
2
 
 
2
 
CRE Owner Occupied
 
 
8,967
 
 
37
 
 
33
 
 
9,402
 
 
73
 
 
68
 
CRE Non Owner Occupied
 
 
18,469
 
 
201
 
 
204
 
 
18,912
 
 
405
 
 
408
 
Agriculture Land
 
 
683
 
 
5
 
 
3
 
 
685
 
 
8
 
 
5
 
Other CRE
 
 
1,788
 
 
5
 
 
6
 
 
1,825
 
 
10
 
 
11
 
Total Commercial Real Estate
 
 
29,907
 
 
248
 
 
246
 
 
30,824
 
 
496
 
 
492
 
Commercial Working Capital
 
 
3,286
 
 
8
 
 
8
 
 
3,105
 
 
11
 
 
11
 
Commercial Other
 
 
4,552
 
 
2
 
 
1
 
 
4,756
 
 
4
 
 
3
 
Total Commercial
 
 
7,838
 
 
10
 
 
9
 
 
7,861
 
 
15
 
 
14
 
Home Equity and Home Improvement
 
 
2,095
 
 
25
 
 
25
 
 
2,267
 
 
50
 
 
50
 
Consumer
 
 
51
 
 
1
 
 
1
 
 
54
 
 
2
 
 
2
 
Total Impaired Loans
 
$
50,369
 
$
401
 
$
394
 
$
51,776
 
$
807
 
$
798
 
 
The following table presents the average balance, interest income recognized and cash basis income recognized on impaired loans by class of loans: (In Thousands)
 
 
 
Three Months Ended June 30, 2013
 
Six Months Ended June 30, 2013
 
 
 
Average
Balance
 
Interest
Income
Recognized
 
Cash Basis
Income
Recognized
 
Average
Balance
 
Interest
Income
Recognized
 
Cash Basis
Income
Recognized
 
Residential Owner Occupied
 
$
6,693
 
$
92
 
$
92
 
$
6,811
 
$
180
 
$
178
 
Residential Non Owner Occupied
 
 
4,443
 
 
43
 
 
44
 
 
4,583
 
 
79
 
 
79
 
Total Residential Real Estate
 
 
11,136
 
 
135
 
 
136
 
 
11,394
 
 
259
 
 
257
 
Construction
 
 
131
 
 
3
 
 
2
 
 
102
 
 
3
 
 
2
 
Multi-Family
 
 
1,277
 
 
5
 
 
6
 
 
1,393
 
 
11
 
 
13
 
CRE Owner Occupied
 
 
14,452
 
 
120
 
 
118
 
 
14,536
 
 
183
 
 
176
 
CRE Non Owner Occupied
 
 
23,692
 
 
236
 
 
230
 
 
24,080
 
 
439
 
 
423
 
Agriculture Land
 
 
889
 
 
8
 
 
3
 
 
886
 
 
17
 
 
10
 
Other CRE
 
 
4,526
 
 
12
 
 
8
 
 
4,783
 
 
14
 
 
9
 
Total Commercial Real Estate
 
 
43,559
 
 
376
 
 
359
 
 
44,285
 
 
653
 
 
618
 
Commercial Working Capital
 
 
1,346
 
 
17
 
 
17
 
 
1,593
 
 
20
 
 
22
 
Commercial Other
 
 
6,669
 
 
28
 
 
23
 
 
6,759
 
 
51
 
 
45
 
Total Commercial
 
 
8,015
 
 
45
 
 
40
 
 
8,352
 
 
71
 
 
67
 
Home Equity and Home Improvement
 
 
2,789
 
 
33
 
 
31
 
 
2,749
 
 
67
 
 
63
 
Consumer
 
 
82
 
 
1
 
 
1
 
 
96
 
 
3
 
 
3
 
Total Impaired Loans
 
$
66,989
 
$
598
 
$
575
 
$
68,371
 
$
1,067
 
$
1,023
 
Impaired Financing Receivables [Table Text Block]
The following table presents loans individually evaluated for impairment by class of loans: (In Thousands)
 
 
 
June 30, 2014
 
 
 
 
December 31, 2013
 
 
 
 
 
 
Unpaid
Principal
Balance*
 
Recorded
Investment
 
Allowance
for Loan
Losses
Allocated
 
Unpaid
Principal
Balance*
 
Recorded
Investment
 
Allowance
for Loan
Losses
Allocated
 
With no allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Owner Occupied
 
$
3,698
 
$
4,307
 
$
-
 
$
4,744
 
$
4,729
 
$
-
 
Residential Non Owner Occupied
 
 
4,416
 
 
3,602
 
 
-
 
 
4,844
 
 
4,329
 
 
-
 
Total 1-4 Family Residential Real Estate
 
 
8,114
 
 
7,909
 
 
-
 
 
9,588
 
 
9,058
 
 
-
 
Multi-Family Residential Real Estate
 
 
508
 
 
358
 
 
-
 
 
989
 
 
840
 
 
-
 
CRE Owner Occupied
 
 
8,453
 
 
6,159
 
 
-
 
 
11,105
 
 
8,376
 
 
-
 
CRE Non Owner Occupied
 
 
6,761
 
 
5,895
 
 
-
 
 
9,399
 
 
7,740
 
 
-
 
Agriculture Land
 
 
486
 
 
467
 
 
-
 
 
629
 
 
488
 
 
-
 
Other CRE
 
 
2,256
 
 
1,710
 
 
-
 
 
3,274
 
 
2,452
 
 
-
 
Total Commercial Real Estate
 
 
17,955
 
 
14,231
 
 
-
 
 
24,407
 
 
19,056
 
 
-
 
Construction
 
 
261
 
 
262
 
 
-
 
 
300
 
 
263
 
 
-
 
Commercial Working Capital
 
 
3,787
 
 
2,548
 
 
-
 
 
3,147
 
 
3,146
 
 
-
 
Commercial Other
 
 
4,923
 
 
4,280
 
 
-
 
 
6,063
 
 
5,415
 
 
-
 
Total Commercial
 
 
8,710
 
 
6,828
 
 
-
 
 
9,210
 
 
8,561
 
 
-
 
Home Equity and Home Improvement
 
 
1,997
 
 
1,947
 
 
-
 
 
1,985
 
 
1,992
 
 
-
 
Consumer Finance
 
 
48
 
 
47
 
 
-
 
 
53
 
 
53
 
 
-
 
Total loans with no allowance recorded
 
$
37,594
 
$
31,582
 
$
-
 
$
46,532
 
$
39,823
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Owner Occupied
 
$
1,801
 
$
1,805
 
$
181
 
$
1,100
 
$
1,103
 
$
218
 
Residential Non Owner Occupied
 
 
82
 
 
82
 
 
1
 
 
84
 
 
84
 
 
2
 
Total 1-4 Family Residential Real Estate
 
 
1,883
 
 
1,887
 
 
182
 
 
1,184
 
 
1,187
 
 
220
 
Multi-Family Residential Real Estate
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
CRE Owner Occupied
 
 
3,101
 
 
2,659
 
 
157
 
 
3,212
 
 
2,765
 
 
166
 
CRE Non Owner Occupied
 
 
12,430
 
 
12,475
 
 
964
 
 
12,756
 
 
12,803
 
 
946
 
Agriculture Land
 
 
210
 
 
215
 
 
6
 
 
195
 
 
197
 
 
7
 
Other CRE
 
 
79
 
 
50
 
 
2
 
 
82
 
 
53
 
 
2
 
Total Commercial Real Estate
 
 
15,820
 
 
15,399
 
 
1,129
 
 
16,245
 
 
15,818
 
 
1,121
 
Construction
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial Working Capital
 
 
500
 
 
501
 
 
15
 
 
-
 
 
-
 
 
-
 
Commercial Other
 
 
55
 
 
56
 
 
8
 
 
176
 
 
176
 
 
6
 
Total Commercial
 
 
555
 
 
557
 
 
23
 
 
176
 
 
176
 
 
6
 
Home Equity and Home Improvement
 
 
152
 
 
152
 
 
24
 
 
436
 
 
437
 
 
45
 
Consumer Finance
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Total loans with an allowance recorded
 
$
18,410
 
$
17,995
 
$
1,358
 
$
18,041
 
$
17,618
 
$
1,392
 
 
*Presented gross of charge-offs
Schedule of Non-Performing Loans and Real Estate Owned [Table Text Block]
The following table presents the aggregate amounts of non-performing assets, comprised of non-performing loans and real estate owned on the dates indicated:
 
 
 
June 30,
2014
 
December 31,
2013
 
 
 
(In Thousands)
 
Non-accrual loans
 
$
24,863
 
$
27,847
 
Loans over 90 days past due and still accruing
 
 
-
 
 
-
 
Total non-performing loans
 
 
24,863
 
 
27,847
 
Real estate and other assets held for sale
 
 
5,554
 
 
5,859
 
Total non-performing assets
 
$
30,417
 
$
33,706
 
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]
The following table presents the aging of the recorded investment in past due and non accrual loans as of June 30, 2014 by class of loans: (In Thousands)
 
 
 
Current
 
30-59 days
 
60-89 days
 
90+ days
 
Total
Past Due
 
Total Non
Accrual
 
Residential Owner Occupied
 
$
134,417
 
$
429
 
$
297
 
$
790
 
$
1,516
 
$
1,085
 
Residential Non Owner Occupied
 
 
63,228
 
 
-
 
 
12
 
 
1,126
 
 
1,138
 
 
1,815
 
Total 1-4 Family Residential Real Estate
 
 
197,645
 
 
429
 
 
309
 
 
1,916
 
 
2,654
 
 
2,900
 
Multi-Family Residential Real Estate
 
 
151,140
 
 
-
 
 
-
 
 
-
 
 
-
 
 
429
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CRE Owner Occupied
 
 
297,739
 
 
41
 
 
-
 
 
1,812
 
 
1,853
 
 
7,041
 
CRE Non Owner Occupied
 
 
227,708
 
 
29
 
 
-
 
 
2,058
 
 
2,087
 
 
4,969
 
Agriculture Land
 
 
84,632
 
 
137
 
 
-
 
 
329
 
 
466
 
 
751
 
Other Commercial Real Estate
 
 
39,050
 
 
-
 
 
-
 
 
260
 
 
260
 
 
1,619
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Commercial Real Estate
 
 
649,129
 
 
207
 
 
-
 
 
4,459
 
 
4,666
 
 
14,380
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction
 
 
66,574
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Working Capital
 
 
144,112
 
 
3
 
 
-
 
 
1,545
 
 
1,548
 
 
2,368
 
Commercial Other
 
 
241,199
 
 
94
 
 
-
 
 
3,487
 
 
3,581
 
 
4,689
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Commercial
 
 
385,311
 
 
97
 
 
-
 
 
5,032
 
 
5,129
 
 
7,057
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer Finance
 
 
15,696
 
 
84
 
 
6
 
 
-
 
 
90
 
 
-
 
Home Equity/Home Improvement
 
 
107,661
 
 
969
 
 
127
 
 
102
 
 
1,198
 
 
102
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Loans
 
$
1,573,156
 
$
1,786
 
$
442
 
$
11,509
 
$
13,737
 
$
24,868
 
 
The following table presents the aging of the recorded investment in past due and non accrual loans as of December 31, 2013 by class of loans: (In Thousands)
 
 
 
Current
 
30-59 days
 
60-89 days
 
90+ days
 
Total
Past Due
 
Total Non
Accrual
 
Residential Owner Occupied
 
$
126,855
 
$
1,530
 
$
191
 
$
1,009
 
$
2,730
 
$
1,329
 
Residential Non Owner Occupied
 
 
65,292
 
 
531
 
 
403
 
 
386
 
 
1,320
 
 
1,943
 
Total 1-4 Family Residential Real Estate
 
 
192,147
 
 
2,061
 
 
594
 
 
1,395
 
 
4,050
 
 
3,272
 
Multi-Family Residential Real Estate
 
 
149,134
 
 
-
 
 
-
 
 
-
 
 
-
 
 
583
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CRE Owner Occupied
 
 
311,253
 
 
334
 
 
495
 
 
3,671
 
 
4,500
 
 
7,492
 
CRE Non Owner Occupied
 
 
225,433
 
 
1,067
 
 
918
 
 
902
 
 
2,887
 
 
4,717
 
Agriculture Land
 
 
81,954
 
 
21
 
 
-
 
 
73
 
 
94
 
 
630
 
Other Commercial Real Estate
 
 
45,297
 
 
-
 
 
-
 
 
1,287
 
 
1,287
 
 
2,412
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Commercial Real Estate
 
 
663,937
 
 
1,422
 
 
1,413
 
 
5,933
 
 
8,768
 
 
15,251
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction
 
 
53,730
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Working Capital
 
 
155,373
 
 
-
 
 
-
 
 
419
 
 
419
 
 
2,917
 
Commercial Other
 
 
230,054
 
 
37
 
 
26
 
 
3,566
 
 
3,629
 
 
5,419
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Commercial
 
 
385,427
 
 
37
 
 
26
 
 
3,985
 
 
4,048
 
 
8,336
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer Finance
 
 
16,759
 
 
131
 
 
 
 
 
-
 
 
131
 
 
-
 
Home Equity/Home Improvement
 
 
105,657
 
 
1,163
 
 
155
 
 
413
 
 
1,731
 
 
413
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Loans
 
$
1,566,791
 
$
4,814
 
$
2,188
 
$
11,726
 
$
18,728
 
$
27,855
 
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
The following table presents loans by class modified as troubled debt restructurings that occurred during the three and six month periods ending June 30, 2014 and June 30, 2013:
 
 
 
Loans Modified as a TDR for the Three
Months Ended June 30, 2014
($ In Thousands)
 
 
Loans Modified as a TDR for the Six
Months Ended June 30, 2014
($ In Thousands)
 
Troubled Debt Restructurings
 
Number of Loans
 
Recorded
Investment (as of
period end)
 
 
Number of Loans
 
Recorded
Investment (as of
period end)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Owner Occupied
 
7
 
$
674
 
 
15
 
$
1,372
 
Residential Non Owner Occupied
 
0
 
 
-
 
 
0
 
 
-
 
CRE Owner Occupied
 
0
 
 
-
 
 
0
 
 
-
 
CRE Non Owner Occupied
 
0
 
 
-
 
 
1
 
 
358
 
Agriculture Land
 
0
 
 
-
 
 
0
 
 
-
 
Other CRE
 
0
 
 
-
 
 
0
 
 
-
 
Commercial working capital or other
 
9
 
 
727
 
 
11
 
 
1,676
 
Home Equity / Improvement
 
4
 
 
82
 
 
7
 
 
167
 
Consumer Finance
 
1
 
 
17
 
 
2
 
 
19
 
Total
 
21
 
$
1,500
 
 
36
 
$
3,592
 
 
The loans described above increased the allowance for loan loss by $65,000 in the three month period ending June 30, 2014 and decreased the allowance for loan loss by $5,000 in the six month period ending June 30, 2014.
 
 
 
Loans Modified as a TDR for the Three
Months Ended June 30, 2013
($ In Thousands)
 
Loans Modified as a TDR for the Six
Months Ended June 30, 2013
($ In Thousands)
 
Troubled Debt Restructurings
 
Number of Loans
 
Recorded
Investment (as of
period end)
 
Number of Loans
 
Recorded
Investment (as of
period end)
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Owner Occupied
 
3
 
$
316
 
8
 
$
752
 
Residential Non Owner Occupied
 
0
 
 
-
 
1
 
 
194
 
CRE Owner Occupied
 
3
 
 
758
 
4
 
 
782
 
CRE Non Owner Occupied
 
1
 
 
1,374
 
1
 
 
1,374
 
Agriculture Land
 
0
 
 
-
 
1
 
 
217
 
Other CRE
 
1
 
 
32
 
1
 
 
32
 
Commercial working capital or other
 
1
 
 
47
 
1
 
 
47
 
Home Equity / Improvement
 
4
 
 
119
 
12
 
 
609
 
Consumer Finance
 
1
 
 
11
 
3
 
 
14
 
Total
 
14
 
$
2,657
 
32
 
$
4,021
 
Troubled Debt Restructurings on Payments [Table Text Block]
The following table presents loans by class modified as TDRs for which there was a payment default within twelve months following the modification during the three and six month periods ending June 30, 2014 and June 30, 2013:
 
 
 
Three Months Ended June 30, 2014
($ In Thousands)
 
Six Months Ended June 30, 2014
($ In Thousands)
 
Troubled Debt Restructurings
That Subsequently Defaulted
 
Number of Loans
 
Recorded
Investment (as of
period end)
 
Number of Loans
 
Recorded
Investment (as of
period end)
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Owner Occupied
 
1
 
$
67
 
1
 
$
67
 
Residential Non Owner Occupied
 
1
 
 
183
 
1
 
 
183
 
CRE Owner Occupied
 
4
 
 
153
 
4
 
 
153
 
CRE Non Owner Occupied
 
0
 
 
-
 
0
 
 
-
 
Agriculture Land
 
0
 
 
-
 
0
 
 
-
 
Other CRE
 
0
 
 
-
 
0
 
 
-
 
Commercial working capital or other
 
3
 
 
387
 
3
 
 
387
 
Home Equity / Improvement
 
0
 
 
-
 
0
 
 
-
 
Consumer Finance
 
0
 
 
-
 
0
 
 
-
 
Total
 
8
 
$
790
 
9
 
$
790
 
 
 
 
Three Months Ended June 30, 2013
($ In Thousands)
 
Six Months Ended June 30, 2013
($ In Thousands)
 
Troubled Debt Restructurings
That Subsequently Defaulted
 
Number of Loans
 
Recorded
Investment (as of
period end)
 
Number of Loans
 
Recorded
Investment (as of
period end)
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Owner Occupied
 
4
 
$
303
 
4
 
$
303
 
Residential Non Owner Occupied
 
1
 
 
77
 
1
 
 
77
 
CRE Owner Occupied
 
1
 
 
169
 
2
 
 
837
 
CRE Non Owner Occupied
 
1
 
 
212
 
1
 
 
212
 
Agriculture Land
 
0
 
 
-
 
0
 
 
-
 
Other CRE
 
0
 
 
-
 
0
 
 
-
 
Commercial / Industrial
 
0
 
 
-
 
0
 
 
-
 
Home Equity / Improvement
 
4
 
 
52
 
4
 
 
52
 
Consumer Finance
 
0
 
 
-
 
0
 
 
-
 
Total
 
11
 
$
813
 
12
 
$
1,481
 
Financing Receivable Credit Quality Indicators [Table Text Block]
As of June 30, 2014, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows (In Thousands):
 
Class
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Not
Graded
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1-4 Family Owner Occupied
 
$
4,229
 
$
3
 
$
1,905
 
$
748
 
$
129,047
 
$
135,932
 
1-4 Family Non Owner Occupied
 
 
51,624
 
 
1,721
 
 
5,016
 
 
-
 
 
6,006
 
 
64,367
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total 1-4 Family Real Estate
 
 
55,853
 
 
1,724
 
 
6,921
 
 
748
 
 
135,053
 
 
200,299
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Multi-Family Residential Real Estate
 
 
149,083
 
 
228
 
 
890
 
 
-
 
 
939
 
 
151,140
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CRE Owner Occupied
 
 
279,863
 
 
9,364
 
 
8,923
 
 
-
 
 
1,442
 
 
299,592
 
CRE Non Owner Occupied
 
 
204,659
 
 
9,081
 
 
16,020
 
 
-
 
 
35
 
 
229,795
 
Agriculture Land
 
 
81,931
 
 
2,020
 
 
1,147
 
 
-
 
 
-
 
 
85,098
 
Other CRE
 
 
35,692
 
 
63
 
 
2,875
 
 
-
 
 
680
 
 
39,310
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Commercial Real Estate
 
 
602,145
 
 
20,528
 
 
28,965
 
 
-
 
 
2,157
 
 
653,795
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction
 
 
55,920
 
 
-
 
 
262
 
 
-
 
 
10,392
 
 
66,574
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Working Capital
 
 
137,596
 
 
5,046
 
 
3,017
 
 
-
 
 
-
 
 
145,659
 
Commercial Other
 
 
231,850
 
 
7,288
 
 
5,643
 
 
-
 
 
-
 
 
244,781
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Commercial
 
 
369,446
 
 
12,334
 
 
8,660
 
 
-
 
 
-
 
 
390,440
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Home Equity and Home Improvement
 
 
-
 
 
-
 
 
1,096
 
 
102
 
 
107,661
 
 
108,859
 
Consumer Finance
 
 
-
 
 
-
 
 
90
 
 
-
 
 
15,696
 
 
15,786
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Loans
 
$
1,232,447
 
$
34,814
 
$
46,884
 
$
850
 
$
271,898
 
$
1,586,893
 
 
As of December 31, 2013, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows (In Thousands):
 
Class
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Not
Graded
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1-4 Family Owner Occupied
 
$
4,287
 
$
18
 
$
3,515
 
$
-
 
$
121,765
 
$
129,585
 
1-4 Family Non Owner Occupied
 
 
51,660
 
 
2,894
 
 
5,699
 
 
-
 
 
6,359
 
 
66,612
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total 1-4 Family Real Estate
 
 
55,947
 
 
2,912
 
 
9,214
 
 
-
 
 
128,124
 
 
196,197
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Multi-Family Residential Real Estate
 
 
145,407
 
 
875
 
 
1,888
 
 
-
 
 
964
 
 
149,134
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CRE Owner Occupied
 
 
291,770
 
 
10,584
 
 
11,665
 
 
-
 
 
1,734
 
 
315,753
 
CRE Non Owner Occupied
 
 
200,790
 
 
10,254
 
 
17,185
 
 
-
 
 
91
 
 
228,320
 
Agriculture Land
 
 
80,418
 
 
578
 
 
1,051
 
 
-
 
 
-
 
 
82,047
 
Other CRE
 
 
40,676
 
 
2,074
 
 
3,104
 
 
-
 
 
731
 
 
46,585
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Commercial Real Estate
 
 
613,654
 
 
23,490
 
 
33,005
 
 
-
 
 
2,556
 
 
672,705
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction
 
 
43,465
 
 
-
 
 
263
 
 
-
 
 
10,002
 
 
53,730
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Working Capital
 
 
148,703
 
 
3,429
 
 
3,660
 
 
-
 
 
-
 
 
155,792
 
Commercial Other
 
 
219,790
 
 
6,994
 
 
6,899
 
 
-
 
 
-
 
 
233,683
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Commercial
 
 
368,493
 
 
10,423
 
 
10,559
 
 
-
 
 
-
 
 
389,475
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Home Equity and Home Improvement
 
 
-
 
 
-
 
 
755
 
 
45
 
 
106,587
 
 
107,387
 
Consumer Finance
 
 
-
 
 
-
 
 
31
 
 
-
 
 
16,860
 
 
16,891
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Loans
 
$
1,226,966
 
$
37,700
 
$
55,715
 
$
45
 
$
265,093
 
$
1,585,519