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Loans and the Allowance for Loan and Lease Losses (Tables)

3 Months Ended

Mar. 31, 2015

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

The following table sets forth the composition of the Company’s loan portfolio, including net deferred loan fees, at March 31, 2015 and December 31, 2014:

		March 31, 2015				December 31, 2014
		(in thousands)
Commercial		$	562,931			$	499,816
Commercial real estate			1,668,310				1,634,510
Commercial construction			181,056				167,359
Residential real estate			226,645				234,967
Consumer			3,581				2,879
Gross loans			2,642,523				2,539,531
Net deferred loan fees			(1,784	)			(890	)
Total loans receivable		$	2,640,739			$	2,538,641

Loans and Leases Receivable Purchase Credit Impaired Loans [Table Text Block]

The carrying amount of those loans is as follows at March 31, 2015 and December 31, 2014.

		March 31, 2015				December 31, 2014
		(in thousands)
Commercial		$	7,146			$	7,199
Commercial real estate			1,807				1,816
Residential real estate			819				806
Total carrying amount		$	9,772			$	9,821

Loans and Leases Receivable Purchased Loans [Table Text Block]

The accretable yield, or income expected to be collected, on the purchased loans for the three months ended March 31, 2015 is as follows (in thousands):

		March 31,
		2015
Balance at January 1, 2015		$	4,805
New loans purchased			—
Accretion of income			(54	)
Reclassifications from non-accretable difference			—
Disposals			—
Balance at March 31, 2015		$	4,751

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

The following table presents information about the recorded investment in loan receivables on nonaccrual status by class at March 31, 2015 and December 31, 2014:

		March 31, 2015				December 31, 2014
		(in thousands)
Commercial		$	3,347			$	616
Commercial real estate			8,009				8,197
Residential real estate			3,229				2,796
Total loans receivable on nonaccrual status		$	14,585			$	11,609

Financing Receivable Credit Quality Indicators [Table Text Block]

The following table presents information, excluding net deferred loan fees, about the Company’s loan credit quality at March 31, 2015 and December 31, 2014:

		March 31, 2015
		Pass				Special Mention				Substandard				Doubtful				Total
		(in thousands)
Commercial		$	528,431			$	23,975			$	10,249			$	276			$	562,931
Commercial real estate			1,621,181				24,509				22,620				—				1,668,310
Commercial construction			179,577				1,479				—				—				181,056
Residential real estate			223,148				—				3,497				—				226,645
Consumer			3,484				—				97				—				3,581
Total loans		$	2,555,821			$	49,963			$	36,463			$	276			$	2,642,523

		December 31, 2014
		Pass				Special Mention				Substandard				Doubtful				Total
		(in thousands)
Commercial		$	481,638			$	3,686			$	14,203			$	289			$	499,816
Commercial real estate			1,596,606				14,140				23,764				—				1,634,510
Commercial construction			165,880				1,479				—				—				167,359
Residential real estate			230,772				—				4,195				—				234,967
Consumer			2,778				—				101				—				2,879
Total loans		$	2,477,674			$	19,305			$	42,263			$	289			$	2,539,531

Impaired Financing Receivables [Table Text Block]

The following table provides an analysis of the impaired loans, by loan segment, at March 31, 2015 and December 31, 2014:

		March 31, 2015
		Recorded Investment				Unpaid Principal Balance				Related Allowance
No related allowance recorded		(in thousands)
Commercial		$	314			$	334			$	—
Commercial real estate			5,774				6,468				—
Residential real estate			3,505				3,869				—
Consumer			105				97				—
Total		$	9,698			$	10,768			$	—
With an allowance recorded
Commercial		$	382			$	390			$	188
Commercial real estate			6,341				6,341				518
Total		$	6,723			$	6,731			$	706
Total
Commercial		$	696			$	724			$	188
Commercial real estate			12,115				12,809				518
Residential real estate			3,505				3,869				—
Consumer			105				97				—
Total		$	16,421			$	17,499			$	706

		December 31, 2014
		Recorded Investment				Unpaid Principal Balance				Related Allowance
No related allowance recorded		(in thousands)
Commercial		$	481			$	527			$	—
Commercial real estate			5,890				6,587				—
Residential real estate			3,072				3,407				—
Consumer			109				101				—
Total		$	9,552			$	10,622			$	—
With an allowance recorded
Commercial		$	387			$	390			$	111
Commercial real estate			3,520				3,520				151
Total		$	3,907			$	3,910			$	262
Total
Commercial		$	868			$	917			$	111
Commercial real estate			9,410				10,107				151
Residential real estate			3,072				3,407				—
Consumer			109				101				—
Total		$	13,459			$	14,532			$	262

Schedule of Average Balance and Interest Income Recognized on Impaired Loans [Table Text Block]

The following table provides an analysis related to the average recorded investment and interest income recognized on impaired loans by segment as of and for the three months ended March 31, 2015 and 2014 (in thousands):

		Three Months Ended March 31,
		2015								2014
		Average Recorded Investment				Interest Income Recognized				Average Recorded Investment				Interest Income Recognized
Impaired loans with no related allowance recorded
Commercial		$	290			$	—			$	—			$	—
Commercial real estate			6,052				19				1,275				57
Residential real estate			3,613				2				—				—
Consumer			106				1				—				—
Total		$	10,061			$	22			$	1,275			$	57
Impaired loans with an allowance recorded
Commercial		$	387			$	—			$	—			$	—
Commercial real estate			6,335				—				2,302				68
Residential real estate			—				—				1,226				31
Total		$	6,722			$				$	3,528			$	99
Total impaired loans
Commercial		$	677			$	—			$	—			$	—
Commercial real estate			12,387				19				3,477				125
Residential real estate			3,613				2				1,226				31
Consumer			106				1				—				—
Total		$	16,783			$	22			$	4,703			$	156

Past Due Financing Receivables [Table Text Block]

The following table provides an analysis of the aging of the recorded investment of loans, excluding net deferred loan fees that are past due at March 31, 2015 and December 31, 2014 by segment:

		March 31, 2015
		30-59 Days Past Due				60-89 Days Past Due				90 Days or Greater Past Due				Total Past Due				Current				Total Loans Receivable				Loans Receivable 90 Days or Greater Past Due and Accruing
		(in thousands)
Commercial		$	5,562			$	554			$	3,899			$	10,015			$	552,916			$	562,931			$	638
Commercial real estate			2,567				5,092				4,180				11,839				1,656,471				1,668,310				—
Commercial construction			375				—				—				375				180,681				181,056				—
Residential real estate			1,925				—				2,937				4,862				221,783				226,645				—
Consumer			2				1				—				3				3,578				3,581
Total		$	10,431			$	5,647			$	11,016			$	27,094			$	2,615,429			$	2,642,523			$	638

		December 31, 2014
		30-59 Days Past Due				60-89 Days Past Due				90 Days or Greater Past Due				Total Past Due				Current				Total Loans Receivable				Loans Receivable 90 Days or Greater Past Due and Accruing
		(in thousands)
Commercial		$	6,060			$	—			$	662			$	6,722			$	493,094			$	499,816			$	45
Commercial real estate			4,937				638				5,961				11,535				1,622,975				1,634,510				609
Commercial construction			—				—				—				—				167,359				167,359				—
Residential real estate			1,821				210				3,200				5,231				229,736				234,967				557
Consumer			30				1				—				31				2,848				2,879				—
Total		$	12,848			$	849			$	9,823			$	23,519			$	2,516,012			$	2,539,531			$	1,211

Schedule of Recorded Investment in Financing Receivables [Table Text Block]

The following table details the amount of loans receivable that are evaluated individually, and collectively, for impairment (excluding net deferred loan fees), acquired, and the related portion of the allowance for loan and lease losses that are allocated to each loan portfolio segment:

		March 31, 2015
		Commercial				Commercial real estate				Commercial construction				Residential real estate				Consumer				Unallocated				Total
		(in thousands)
Allowance for loan and lease losses
Individually evaluated for impairment		$	188			$	518			$	—			$	—			$	—			$	—			$	706
Collectively evaluated for impairment			3,739				8,328				1,518				981				4				657				15,227
Acquired with deteriorated credit quality			—				—				—				—				—				—				—
Total		$	3,927			$	8,846			$	1,518			$	981			$	4			$	657			$	15,933
Loans receivable
Individually evaluated for impairment		$	696			$	12,115			$	—			$	3,905			$	105			$	—			$	16,421
Collectively evaluated for impairment			555,089				1,654,388				181,056				222,321				3,476				—				2,616,330
Acquired with deteriorated credit quality			7,146				1,807				—				819				—				—				9,772
Total		$	562,931			$	1,668,310			$	181,056			$	226,645			$	3,581			$	—			$	2,642,523

		December 31, 2014
		Commercial				Commercial real estate				Commercial construction				Residential real estate				Consumer				Unallocated				Total
		(in thousands)
Allowance for loan and lease losses
Individually evaluated for impairment		$	111			$	151			$	—			$	—			$	—			$	—			$	262
Collectively evaluated for impairment			2,972				7,648				1,239				1,113				7				919				13,898
Acquired with deteriorated credit quality			—				—				—				—				—				—				—
Total		$	3,083			$	7,799			$	1,239			$	1,113			$	7			$	919			$	14,160
Loans receivable
Individually evaluated for impairment		$	452			$	6,284			$	—			$	2,180			$	101			$	—			$	9,017
Collectively evaluated for impairment			492,165				1,626,410				167,359				231,981				2,778				—				2,520,693
Acquired with deteriorated credit quality			7,199				1,816				—				806				—				—				9,821
Total		$	499,816			$	1,634,510			$	167,359			$	234,967			$	2,879			$	—			$	2,539,531

Allowance for Credit Losses on Financing Receivables [Table Text Block]

A summary of the activity in the allowance for loan and lease losses is as follows:

		Three Months Ended March 31, 2015
		Commercial				Commercial real estate				Commercial construction				Residential real estate				Consumer				Unallocated				Total
		(in thousands)
Balance at January 1, 2015		$	3,083			$	7,799			$	1,239			$	1,113			$	7			$	919			$	14,160
Charge-offs			(45	)			(4	)			—				—				(11	)			—				(60	)
Recoveries			6				—				—				1				1				—				8
Provision			883				1,051				279				(133	)			7				(262	)			1,825
Balance at March 31, 2015		$	3,927			$	8,846			$	1,518			$	981			$	4			$	657			$	15,933

		Three Months Ended March 31, 2014
		Commercial				Commercial real estate				Commercial construction				Residential real estate				Consumer				Unallocated				Total
		(in thousands)
Balance at January 1, 2014		$	1,698			$	5,746			$	362			$	990			$	146			$	1,391			$	10,333
Charge-offs			(333	)			—				—				—				(3	)			—				(336	)
Recoveries			—				—				—				10				1				—				11
Provision			860				(362	)			72				4				(65	)			116				625
Balance at March 31, 2014		$	2,225			$	5,384			$	434			$	1,004			$	79			$	1,507			$	10,663

Schedule of Debtor Troubled Debt Restructuring, Current Period [Table Text Block]

The following table presents loans by segment modified as troubled debt restructurings that occurred during the year ended March 31, 2014 (dollars in thousands):

Pre-Modification

Post-Modification

Outstanding

Outstanding

Number of

Recorded

Recorded

Loans

Investment

Investment

Troubled debt restructurings:

Commercial

1

$

672

$

337

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