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

6 Months Ended

Jun. 30, 2016

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 June 30, 2016 and December 31, 2015:

						December 31,
		June 30, 2016				2015
		(in thousands)
Commercial		$	630,425			$	570,116
Commercial real estate			2,071,769				1,966,696
Commercial construction			443,277				328,838
Residential real estate			230,497				233,690
Consumer			1,976				2,454
Gross loans			3,377,944				3,101,794
Net deferred loan fees			(2,324	)			(2,787	)
Total loans receivable		$	3,375,620			$	3,099,007

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

The carrying amount of those loans is as follows at June 30, 2016 and December 31, 2015.

		June 30,			December 31,
		2016			2015
		(in thousands)
Commercial		$	7,028		$	7,078
Commercial real estate			1,030			1,775
Residential real estate			-			328
Total carrying amount		$	8,058		$	9,181

Loans and Leases Receivable Purchased Loans [Table Text Block]

The accretable yield, or income expected to be collected, on the purchased loans disclosed above for the three and six months ended June 30, 2016 is as follows (in thousands):

		Three Months									Three Months
		Ended June									Ended June
		30, 2016									30, 2015
Beginning balance		$			3,416						$		4,250
New loans purchased					-								-
Accretion of income					(183		)						(237	)
Reclassification from nonaccretable differences					-								-
Disposals					-								-
Ending balance		$			3,233						$		4,013
				Six Months								Six Months
				Ended June								Ended June
				30, 2016								30, 2015
Beginning balance				$		3,599						$	4,467
New loans purchased						-							-
Accretion of income						(366			)				(454	)
Reclassification from nonaccretable differences						-							-
Disposals						-							-
Ending balance				$		3,233						$	4,013

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 segment at June 30, 2016 and December 31, 2015:

Loans Receivable on Nonaccrual Status

		June 30,			December 31,
		2016			2015
		(in thousands)
Commercial		$	9,480		$	6,586
Commercial real estate			9,478			9,112
Commercial construction			-			1,479
Residential real estate			2,953			3,559
Total loans receivable on nonaccrual status		$	21,911		$	20,736

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 June 30, 2016 and December 31, 2015:

		June 30, 2016
					Special
		Pass			Mention			Substandard			Doubtful			Total
		(in thousands)
Commercial		$	517,271		$	7,812		$	105,342		$	-		$	630,425
Commercial real estate			2,015,082			27,230			29,457			-			2,071,769
Commercial construction			443,277			-			-			-			443,277
Residential real estate			227,173			-			3,324			-			230,497
Consumer			1,900			-			76			-			1,976
Total loans		$	3,204,703		$	35,042		$	138,199		$	-		$	3,377,944
		December 31, 2015
					Special
		Pass			Mention			Substandard			Doubtful			Total
		(in thousands)
Commercial		$	462,358		$	11,760		$	95,998		$	-		$	570,116
Commercial real estate			1,919,041			18,990			28,426			239			1,966,696
Commercial construction			326,697			662			1,479			-			328,838
Residential real estate			229,426			-			4,264			-			233,690
Consumer			2,368			-			86			-			2,454
Total loans		$	2,939,890		$	31,412		$	130,253		$	239		$	3,101,794

Impaired Financing Receivables [Table Text Block]

The following table provides an analysis of the impaired loans, by loan segment, at June 30, 2016 and December 31, 2015:

		June 30, 2016
					Unpaid
		Recorded			Principal			Related
		Investment			Balance			Allowance
No related allowance recorded	(in thousands)
Commercial		$	2,313		$	2,692
Commercial real estate			16,233			16,200
Commercial construction			1,053			1,049
Residential real estate			3,324			3,730
Consumer			76			76
Total		$	22,999		$	23,747
With an allowance recorded
Commercial		$	96,901		$	96,664		$	9,576
Commercial real estate			153			153			98
Total		$	97,504		$	96,817		$	9,674
Total
Commercial		$	99,214		$	99,356		$	9,576
Commercial real estate			16,386			16,353			98
Commercial construction			1,053			1,049			-
Residential real estate			3,324			3,730			-
Consumer			76			76			-
Total		$	120,053		$	120,564		$	9,674
		December 31, 2015
					Unpaid
		Recorded			Principal			Related
		Investment			Balance			Allowance
No related allowance recorded	(in thousands)
Commercial		$	610		$	645
Commercial real estate			15,517			16,512
Commercial construction			2,149			2,141
Residential real estate			3,954			4,329
Consumer			87			86
Total		$	22,317		$	23,713
With an allowance recorded
Commercial		$	84,787		$	84,449		$	6,725
Total
Commercial		$	85,397		$	85,094		$	6,725
Commercial real estate			15,517			16,512			-
Commercial construction			2,149			2,141			-
Residential real estate			3,954			4,329			-
Consumer			87			86			-
Total		$	107,104		$	108,162		$	6,725

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 and six months ended June 30, 2016 and 2015 (in thousands):

		Three Months Ended June 30,												Six Months Ended June 30,
		2016						2015						2016						2015
		Average			Interest			Average			Interest			Average			Interest			Average			Interest
		Recorded			Income			Recorded			Income			Recorded			Income			Recorded			Income
		Investment			Recognized			Investment			Recognized			Investment			Recognized			Investment			Recognized
Impaired loans with no
related allowance
recorded:
Commercial		$	2,370		$	20		$	76,744		$	484		$	2,337		$	20		$	37,855		$	484
Commercial real estate			16,072			27			3,898			13			15,623			53			3,935			32
Commercial
construction			1,426			16			-			-			1,911			33			-			-
Residential real estate			3,947			5			3,481			2			4,021			10			3,512			4
Consumer			79			1			102			2			82			2			105			2
Total		$	23,894		$	69		$	84,225		$	501		$	23,974		$	118		$	45,407		$	522
Impaired loans with an
allowance recorded:
Commercial		$	93,260		$	784		$	1,559		$	-		$	88,691		$	1,522		$	1,569		$	-
Commercial real estate			153			-			4,298			-			153			-			4,268			-
Total		$	93,413		$	784		$	5,857		$	-		$	88,844		$	1,522		$	5,837		$	-
Total impaired loans:
Commercial		$	95,630		$	804		$	78,303		$	484		$	91,028		$	1,542		$	39,424		$	484
Commercial real estate			16,225			27			8,196			13			15,776			53			8,203			32
Commercial
construction			1,426			16			-			-			1,911			33			-			-
Residential mortgage			3,947			5			3,481			2			4,021			10			3,512			4
Consumer			79			1			102			2			82			2			105			2
Total		$	117,307		$	853		$	90,082		$	501		$	112,818		$	1,640		$	51,244		$	522

Past Due Financing Receivables [Table Text Block]

The following table provides an analysis of the aging of gross loans that are past due at June 30, 2016 and December 31, 2015 by segment:

Aging Analysis

		June 30, 2016
																				Loans
																				Receivable 90
								90 Days or												Days or Greater
		30-59 Days			60-89 Days			Greater Past			Total Past						Total Loans			Past Due and
		Past Due			Past Due			Due			Due			Current			Receivable			Accruing
		(in thousands)
Commercial		$	375		$	1,726		$	8,677		$	10,778		$	619,647		$	630,425		$	-
Commercial real
estate			150			1,729			9,327			11,206			2,060,563			2,071,769			-
Commercial
construction			-			-			-			-			443,277			443,277			-
Residential real
estate			609			802			2,100			3,511			226,986			230,497			-
Consumer			8			-			-			8			1,968			1,976
Total		$	1,142		$	4,257		$	20,104		$	25,503		$	3,352,441		$	3,377,944		$	-
		December 31, 2015
																				Loans
																				Receivable 90
								90 Days or												Days or Greater
		30-59 Days			60-89 Days			Greater Past			Total Past						Total Loans			Past Due and
		Past Due			Past Due			Due			Due			Current			Receivable			Accruing
		(in thousands)
Commercial		$	6,887		$	3,505		$	6,865		$	17,257		$	552,859		$	570,116		$	-
Commercial real
estate			1,998			988			9,561			12,547			1,954,149			1,966,696			-
Commercial
construction			-			-			1,479			1,479			327,359			328,838			-
Residential real
estate			-			-			2,122			2,122			231,568			233,690			-
Consumer			4			9			-			13			2,441			2,454			-
Total		$	8,889		$	4,502		$	20,027		$	33,418		$	3,068,376		$	3,101,794		$	-

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

The following tables detail, at the period-end presented, the amount of gross loans that are evaluated individually, and collectively, for impairment, those acquired with deteriorated quality, and the related portion of the allowance for loan and lease losses that are allocated to each loan portfolio segment:

		June 30, 2016
					Commercial			Commercial			Residential
		Commercial			real estate			construction			real estate			Consumer			Unallocated			Total
		(in thousands)
Allowance for loan and lease losses
Individually evaluated for impairment		$	9,674		$	-		$	-		$	-		$	-		$	-		$	9,674
Collectively evaluated for impairment			5,874			11,371			4,040			1,091			4			709			23,089
Acquired portfolio			-			-			-			-			-			-			-
Acquired with deteriorated credit quality			-			-			-			-			-			-			-
Total		$	15,548		$	11,371		$	4,040		$	1,091		$	4		$	709		$	32,763
Gross loans
Individually evaluated for impairment		$	99,214		$	16,386		$	1,053		$	3,324		$	76		$	-		$	120,053
Collectively evaluated for impairment			464,080			1,406,028			434,402			144,204			1,268			-			2,449,982
Acquired portfolio			60,103			648,325			7,822			82,969			632			-			799,851
Acquired with deteriorated credit quality			7,028			1,030			-			-			-			-			8,058
Total		$	630,425		$	2,071,769		$	443,277		$	230,497		$	1,976		$	-		$	3,377,944
		December 31, 2015
					Commercial			Commercial			Residential
		Commercial			real estate			construction			real estate			Consumer			Unallocated			Total
		(in thousands)
Allowance for loan and lease losses
Individually evaluated for impairment		$	6,725		$	-		$	-		$	-		$	-		$	-		$	6,725
Collectively evaluated for impairment			4,224			10,926			3,253			976			4			464			19,847
Acquired portfolio			-			-			-			-			-			-			-
Acquired with deteriorated credit quality			-			-			-			-			-			-			-
Total		$	10,949		$	10,926		$	3,253		$	976		$	4		$	464		$	26,572
Gross loans
Individually evaluated for impairment		$	85,397		$	15,517		$	2,149		$	3,954		$	87		$	-		$	107,104
Collectively evaluated for impairment			395,424			1,269,140			315,785			136,633			1,649			-			2,118,631
Acquired portfolio			82,217			680,264			10,904			92,775			718						866,878
Acquired with deteriorated credit quality			7,078			1,775			-			328			-			-			9,181
Total		$	570,116		$	1,966,696		$	328,838		$	233,690		$	2,454		$	-		$	3,101,794

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 June 30, 2016
												Commercial						Commercial					Residential
				Commercial								real estate						construction					real estate					Consumer								Unallocated				Total
				(in thousands)
Balance at March 31, 2016				$		13,097						$	10,941					$	3,617				$	1,074				$		4						$	341			$	29,074
Charge-offs						(72			)				-						-					-						(5		)					-				(77	)
Recoveries						1							12						-					2						1							-				16
Provision						2,522							418						423					15						4							368				3,750
Balance at June 30, 2016				$		15,548						$	11,371					$	4,040				$	1,091				$		4						$	709			$	32,763
				Three Months Ended June 30, 2015
												Commercial						Commercial					Residential
				Commercial								real estate						construction					real estate					Consumer								Unallocated				Total
				(in thousands)
Balance at March 31, 2015				$		3,927						$	8,846					$	1,518				$	981				$		4						$	657			$	15,933
Charge-offs						(55			)				(278		)				-					-						(1		)					-				(334	)
Recoveries						3							327						-					-						1							-				331
Provision						758							300						427					180						3							(118	)			1,550
Balance at June 30, 2015				$		4,633						$	9,195					$	1,945				$	1,161				$		7						$	539			$	17,480
			Six Months Ended June 30, 2016
											Commercial						Commercial					Residential
			Commercial								real estate						construction					real estate					Consumer								Unallocated					Total
			(in thousands)

Balance at December 31,
2015		$	10,949			$	10,926			$	3,253		$	976			$	4			$	464			$	26,572
Charge-offs			(517	)			-				-			(67	)			(5	)			-				(589	)
Recoveries			2				25				-			2				1				-				30
Provision			5,114				420				787			180				4				245				6,750
Balance at June 30, 2016		$	15,548			$	11,371			$	4,040		$	1,091			$	4			$	709			$	32,763
		Six Months Ended June 30, 2015
						Commercial				Commercial			Residential
		Commercial				real estate				construction			real estate				Consumer				Unallocated				Total
		(in thousands)
Balance at December 31,
2014		$	3,083			$	7,799			$	1,239		$	1,113			$	7			$	919			$	14,160
Charge-offs			(100	)			(282	)			-			-				(13	)			-				(395	)
Recoveries			10				327				-			2				1				-				340
Provision			1,640				1,351				706			46				12				(380	)			3,375
Balance at June 30, 2015		$	4,633			$	9,195			$	1,945		$	1,161			$	7			$	539			$	17,480

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

The following table presents loans by class modified as troubled debt restructurings that occurred during the six months ended June 30, 2016 (dollars in thousands):

				Pre-Modification			Post-Modification
				Outstanding			Outstanding
		Number of		Recorded			Recorded
		Loans		Investment			Investment
Troubled debt restructurings:
Commercial		12		$	12,018		$	12,018
Commercial real estate		1			575			575
Commercial construction		-			-			-
Residential real estate		-			-			-
Consumer		-			-			-
Total		13		$	12,593		$	12,593

The following table presents loans by class modified as troubled debt restructurings that occurred during the six months ended June 30, 2015 (dollars in thousands):

				Pre-Modification			Post-Modification
				Outstanding			Outstanding
		Number of		Recorded			Recorded
		Loans		Investment			Investment
Troubled debt restructurings:
Commercial		47		$	75,375		$	75,375
Commercial real estate		-			-			-
Commercial construction		-			-			-
Residential real estate		-			-			-
Consumer		-			-			-
Total		47		$	75,375		$	75,375

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- Definition

Tabular disclosure of troubled debt restructurings in the current period: (1) for each restructuring, the principal changes in terms, the major features of settlement, or both; (2) the aggregate gain (loss) on restructuring of payables; (3) the income tax effect on the gain or loss recognized on the restructuring of payables; (4) the gain (loss) recognized on the restructuring of payables, after the impact of income tax expense or benefit; and (5) the aggregate gain (loss) on transfer of assets recognized during the period, after the impact of income tax expense or benefit.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 60
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6402221&loc=d3e15743-112638

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X

- Definition

Tabular disclosure of nonaccrual and past due financing receivables (such as loans and trade receivables), including: (a) the recorded investment in loans and trade receivables, if applicable, on nonaccrual status as of each balance sheet date (b) the recorded investment in loans and trade receivables, if applicable, past due 90 days or more and still accruing.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=66008989&loc=d3e5111-111524

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Recorded Investment
-URI http://asc.fasb.org/extlink&oid=65880944

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