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

9 Months Ended

Sep. 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 September 30, 2016 and December 31, 2015:

	September 30,				December 31,
	2016				2015
	(in thousands)
Commercial	$	644,430			$	570,116
Commercial real estate		2,100,804				1,966,696
Commercial construction		471,109				328,838
Residential real estate		229,401				233,690
Consumer		2,879				2,454
Gross loans		3,448,623				3,101,794
Net deferred loan fees		(3,147	)			(2,787	)
Total loans receivable	$	3,445,476			$	3,099,007

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

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

	September 30,			December 31,
	2016			2015
	(in thousands)
Commercial	$	7,027		$	7,078
Commercial real estate		1,002			1,775
Residential real estate		-			328
Total carrying amount	$	8,029		$	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 nine months ended September 30, 2016 is as follows (in thousands):

	Three Months				Three Months
	Ended				Ended
	September				September
	30, 2016				30, 2015
Beginning balance	$	3,233			$	4,013
New loans purchased		-				-
Accretion of income		(185	)			(207	)
Reclassification from nonaccretable differences		-				-
Disposals		-				-
Ending balance	$	3,048			$	3,806

		Nine Months				Nine Months
		Ended				Ended
		September				September
		30, 2016				30, 2015
Beginning balance		$	3,599			$	4,467
New loans purchased			-				-
Accretion of income			(551	)			(661	)
Reclassification from nonaccretable differences			-				-
Disposals			-				-
Ending balance		$	3,048			$	3,806

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 September 30, 2016 and December 31, 2015:

	September 30,			December 31,
	2016			2015
	(in thousands)
Commercial	$	5,982		$	6,586
Commercial real estate		2,489			9,112
Commercial construction		-			1,479
Residential real estate		3,022			3,559
Total loans receivable on nonaccrual status	$	11,493		$	20,736

Financing Receivable Credit Quality Indicators [Table Text Block]

The following table presents information, excluding loans held-for-sale and net deferred loan fees, about the Company’s loan credit quality at September 30, 2016 and December 31, 2015:

		September 30, 2016
					Special
		Pass			Mention			Substandard			Doubtful			Total
		(in thousands)
Commercial		$	531,599		$	2,787		$	110,044		$	-		$	644,430
Commercial real estate			2,049,986			32,504			18,314			-			2,100,804
Commercial construction			469,735			1,374			-			-			471,109
Residential real estate			226,012			-			3,389			-			229,401
Consumer			2,812			-			67			-			2,879
Total loans		$	3,280,144		$	36,665		$	131,814		$	-		$	3,448,623
		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 September 30, 2016 and December 31, 2015:

		September 30, 2016
					Unpaid
		Recorded			Principal			Related
		Investment			Balance			Allowance
No related allowance recorded		(in thousands)
Commercial		$	6,718		$	7,025
Commercial real estate			9,166			9,182
Commercial construction			1,374			1,374
Residential real estate			3,389			3,823
Consumer			67			67
Total		$	20,714		$	21,471
With an allowance recorded
Commercial		$	95,964		$	95,964		$	12,931
Commercial real estate			153			153			105
Total		$	96,117		$	96,117		$	13,036
Total
Commercial		$	102,682		$	103,989		$	12,931
Commercial real estate			9,319			9,335			105
Commercial construction			1,374			1,374			-
Residential real estate			3,389			3,823			-
Consumer			67			67			-
Total		$	116,831		$	117,588		$	13,036
		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 nine months ended September 30, 2016 and 2015 (in thousands):

		Three Months Ended September 30,												Nine Months Ended September 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		$	6,704		$	66		$	712		$	-		$	4,317		$	86		$	707		$	-
Commercial real estate			9,129			65			4,869			15			8,167			118			4,905			46
Commercial
construction			1,224			21			1,479			-			979			54			1,479			-
Residential real estate			3,271			5			3,221			7			3,247			15			3,251			12
Consumer			70			1			100			1			74			3			102			4
Total		$	20,398		$	158		$	10,381			23		$	16,784		$	276		$	10,444		$	62
Impaired loans with an
allowance recorded:
Commercial		$	91,393		$	925		$	79,732		$	722		$	85,620		$	2,447		$	45,747		$	1,206
Commercial real estate			153			-			-			-			153			-			-			-
Total		$	91,5476		$	925		$	79,732		$	722		$	102,577		$	2,447		$	45,747		$	1,206
Total impaired loans:
Commercial		$	98,097		$	991		$	80,444		$	722		$	89,937		$	2,533		$	46,454		$	1,206
Commercial real estate			9,282			65			4,869			15			8,320			118			4,905			46
Commercial
construction			1,224			21			1,479			-			979			54			1,479			-
Residential real estate			3,271			5			3,221			7			3,247			15			3,251			12
Consumer			70			1			100			1			74			3			102			4
Total		$	111,944		$	1,083		$	90,113		$	745		$	102,557		$	2,753		$	56,191		$	1,268

Past Due Financing Receivables [Table Text Block]

The following table provides an analysis of the aging of gross loans (excluding loans held-for-sale) that are past due at September 30, 2016 and December 31, 2015 by segment:

Aging Analysis

		September 30, 2016
								90 Days or												Greater than 90 Days
		30-59 Days			60-89 Days			Greater Past									Total Loans			Past Due and Still
		Past Due			Past Due			Due			Total			Current			Receivable			Accruing/Accreting
		(in thousands)
Commercial		$	-		$	249		$	5,363		$	5,612		$	638,818		$	644,430		$	4,543
Commercial real
estate			461			1,600			2,385			4,446			2,096,358			2,100,804			654
Commercial
construction			-			-			-			-			471,109			471,109			-
Residential real
estate			505			924			1,778			3,207			226,194			229,401			-
Consumer			9			-			-			9			2,870			2,879
Total		$	975		$	2,773		$	9,526		$	13,274		$	3,435,349		$	3,448,623		$	5,197
		December 31, 2015
								90 Days or												Greater than 90 Days
		30-59 Days			60-89 Days			Greater Past									Total Loans			Past Due and Still
		Past Due			Past Due			Due			Total			Current			Receivable			Accruing/Accreting
		(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 (excluding loans held-for-sale) 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:

		September 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		$	12,931		$	105		$	-		$	-		$	-		$	-		$	13,036
Collectively evaluated for impairment			7,465			11,270			4,072			1,174			4			594			24,579
Acquired portfolio			-			-			-			-			-			-			-
Acquired with deteriorated credit quality			-			-			-			-			-			-			-
Total		$	20,396		$	11,375		$	4,072		$	1,174		$	4		$	594		$	37,615
Gross loans
Individually evaluated for impairment		$	102,682		$	9,319		$	1,374		$	3,389		$	67		$	-		$	116,831
Collectively evaluated for impairment			487,657			1,480,859			462,687			153,488			2,178			-			2,586,869
Acquired portfolio			47,064			609,624			7,048			72,524			634			-			736,894
Acquired with deteriorated credit quality			7,027			1,002			-			-			-			-			8,029
Total		$	644,430		$	2,100,804		$	471,109		$	229,401		$	2,879		$	-		$	3,448,623
		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 September 30, 2016
						Commercial				Commercial			Residential
		Commercial				real estate				construction			real estate				Consumer				Unallocated				Total
		(in thousands)
Balance at June 30, 2016		$	15,548			$	11,371			$	4,040		$	1,091			$	4			$	709			$	32,763
Charge-offs			(1,878	)			-				-			(27	)			(5	)			-				(1,910	)
Recoveries			1				10				-			-				1				-				12
Provision			6,725				(6	)			32			110				4				(115	)			6,750
Balance at September 30,
2016		$	20,396			$	11,375			$	4,072		$	1,174			$	4			$	594			$	37,615
		Three Months Ended September 30, 2015
						Commercial				Commercial			Residential
		Commercial				real estate				construction			real estate				Consumer				Unallocated				Total
		(in thousands)
Balance at June 30, 2015		$	4,633			$	9,195			$	1,945		$	1,161			$	7			$	539			$	17,480
Charge-offs			-				(124	)			-			-				-				-				(124	)
Recoveries			2				-				-			-				-				-				2
Provision			2,488				1,203				701			(149	)			(3	)			(65	)			4,175
Balance at September 30,
2015		$	4,633			$	9,195			$	2,646		$	1,012			$	4			$	474			$	21,533

		Nine Months Ended September 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			(2,396	)			-				-			(94	)			(10	)			-				(2,500	)
Recoveries			2				35				-			3				3				-				43
Provision			11,841				414				819			289				7				130				13,500
Balance at September 30,
2016		$	20,396			$	11,375			$	4,072		$	1,174			$	4			$	594			$	37,615
		Nine Months Ended September 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	)			(406	)			-			-				(13	)			-				(519	)
Recoveries			12				327				-			2				1				-				342
Provision			4,128				2,554				1,407			(103	)			9				(445	)			7,550
Balance at September 30,
2015		$	7,123			$	10,274			$	2,646		$	1,012			$	4			$	474			$	21,533

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 nine months ended September 30, 2016 (dollars in thousands):

				Pre-Modification			Post-Modification
				Outstanding			Outstanding
		Number of		Recorded			Recorded
		Loans		Investment			Investment
Troubled debt restructurings:
Commercial		16		$	19,311		$	19,311
Commercial real estate		2			581			581
Commercial construction		-			-			-
Residential real estate		-			-			-
Consumer		-			-			-
Total		18		$	19,892		$	19,892

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

				Pre-Modification			Post-Modification
				Outstanding			Outstanding
		Number of		Recorded			Recorded
		Loans		Investment			Investment
Troubled debt restructurings:
Commercial		47		$	75,363		$	75,363
Commercial real estate		-			-			-
Commercial construction		-			-			-
Residential real estate		-			-			-
Consumer		-			-			-
Total		47		$	75,363		$	75,363

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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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