XML 35 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Allowance for Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2012
Allowance for Loan Losses  
Schedule of allowances for loan losses by portfolio segment

 

 

Allowance for Loan Losses:

 

June 30, 2012

 

(Dollar amounts in thousands)

 

Commercial

 

Residential

 

Consumer

 

Unallocated

 

Total

 

Beginning balance

 

$

11,448

 

$

2,092

 

$

3,806

 

$

967

 

$

18,313

 

Provision for loan losses*

 

1,880

 

582

 

670

 

67

 

3,199

 

Loans charged -off

 

(344

)

(572

)

(1,073

)

—

 

(1,989

)

Recoveries

 

206

 

22

 

341

 

—

 

569

 

Ending Balance

 

$

13,190

 

$

2,124

 

$

3,744

 

$

1,034

 

$

20,092

 

 

* Provision before decrease of $1.41 million in 2012 for increase in FDIC indemnification asset

 

Allowance for Loan Losses:

 

June 30, 2011

 

(Dollar amounts in thousands)

 

Commercial

 

Residential

 

Consumer

 

Unallocated

 

Total

 

Beginning balance

 

$

12,536

 

$

3,251

 

$

4,054

 

$

2,301

 

$

22,142

 

Provision for loan losses*

 

1,320

 

607

 

243

 

(1,104

)

1,066

 

Loans charged -off

 

(1,306

)

(327

)

(423

)

—

 

(2,056

)

Recoveries

 

336

 

33

 

104

 

—

 

473

 

Ending Balance

 

$

12,886

 

$

3,564

 

$

3,978

 

$

1,197

 

$

21,625

 

 

* Provision before increase of $286 thousand in 2011 for decrease in FDIC indemnification asset
Allocation of the allowance for loan losses by portfolio segment based on the impairment method

The following table presents the activity of the allowance for loan losses by portfolio segment for the six months ended June 30.

 

Allowance for Loan Losses:

 

June 30, 2012

 

(Dollar amounts in thousands)

 

Commercial

 

Residential

 

Consumer

 

Unallocated

 

Total

 

Beginning balance

 

$

12,119

 

$

2,728

 

$

3,889

 

$

506

 

$

19,242

 

Provision for loan losses*

 

2,877

 

1,265

 

989

 

528

 

5,659

 

Loans charged -off

 

(2,202

)

(1,908

)

(1,856

)

—

 

(5,966

)

Recoveries

 

396

 

39

 

722

 

—

 

1,157

 

Ending Balance

 

$

13,190

 

$

2,124

 

$

3,744

 

$

1,034

 

$

20,092

 

 

* Provision before decrease of $914 thousand in 2012 for increase in FDIC indemnification asset

 

Allowance for Loan Losses:

 

June 30, 2011

 

(Dollar amounts in thousands)

 

Commercial

 

Residential

 

Consumer

 

Unallocated

 

Total

 

Beginning balance

 

$

12,809

 

$

2,873

 

$

4,551

 

$

2,103

 

$

22,336

 

Provision for loan losses*

 

2,009

 

1,294

 

33

 

(906

)

2,430

 

Loans charged -off

 

(2,367

)

(690

)

(1,191

)

—

 

(4,248

)

Recoveries

 

435

 

87

 

585

 

—

 

1,107

 

Ending Balance

 

$

12,886

 

$

3,564

 

$

3,978

 

$

1,197

 

$

21,625

 

 

* Provision before increase of $104 thousand in 2011 for decrease in FDIC indemnification asset

 

The following table presents the allocation of the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method at June 30, 2012 and December 31, 2011.

 

Ending Balance Attributable to Loans:

 

June 30, 2012

 

(Dollar amounts in thousands)

 

Commercial

 

Residential

 

Consumer

 

Unallocated

 

Total

 

Individually evaluated for impairment

 

$

4,239

 

$

190

 

$

—

 

$

—

 

$

4,429

 

Collectively evaluated for impairment

 

8,709

 

1,928

 

3,744

 

1,034

 

15,415

 

Acquired with deteriorated credit quality

 

242

 

6

 

—

 

—

 

248

 

Ending Balance

 

$

13,190

 

$

2,124

 

$

3,744

 

$

1,034

 

$

20,092

 

 

Loans:

 

June 30, 2012

 

(Dollar amounts in thousands)

 

Commercial

 

Residential

 

Consumer

 

 

 

Total

 

Individually evaluated for impairment

 

$

21,682

 

$

1,213

 

$

—

 

 

 

$

22,895

 

Collectively evaluated for impairment

 

1,065,891

 

495,404

 

278,066

 

 

 

1,839,361

 

Acquired with deteriorated credit quality

 

19,695

 

5,442

 

8

 

 

 

25,145

 

Ending Balance

 

$

1,107,268

 

$

502,059

 

$

278,074

 

 

 

$

1,887,401

 

 

Ending Balance Attributable to Loans:

 

December 31, 2011

 

(Dollar amounts in thousands)

 

Commercial

 

Residential

 

Consumer

 

Unallocated

 

Total

 

Individually evaluated for impairment

 

$

3,071

 

$

190

 

$

—

 

$

—

 

$

3,261

 

Collectively evaluated for impairment

 

8,264

 

2,183

 

3,889

 

505

 

14,841

 

Acquired with deteriorated credit quality

 

784

 

355

 

—

 

—

 

1,139

 

Ending Balance

 

$

12,119

 

$

2,728

 

$

3,889

 

$

505

 

$

19,241

 

 

Loans

 

December 31, 2011

 

(Dollar amounts in thousands)

 

Commercial

 

Residential

 

Consumer

 

 

 

Total

 

Individually evaluated for impairment

 

$

25,393

 

$

2,213

 

$

—

 

 

 

$

27,606

 

Collectively evaluated for impairment

 

1,036,963

 

492,139

 

291,190

 

 

 

1,820,292

 

Acquired with deteriorated credit quality

 

43,389

 

12,986

 

11

 

 

 

56,386

 

Ending Balance

 

$

1,105,745

 

$

507,338

 

$

291,201

 

 

 

$

1,904,284

 

 
Schedule of loans individually evaluated for impairment by class of loans

 

 

 

 

June 30, 2012

 

 

 

 

 

 

 

Allowance

 

 

 

Unpaid

 

 

 

for Loan

 

 

 

Principal

 

Recorded

 

Losses

 

(Dollar amounts in thousands)

 

Balance

 

Investment

 

Allocated

 

With no related allowance recorded:

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

Commercial & Industrial

 

$

2,567

 

$

2,567

 

$

—

 

Farmland

 

—

 

—

 

—

 

Non Farm, Non Residential

 

1,975

 

1,975

 

—

 

Agriculture

 

—

 

—

 

—

 

All Other Commercial

 

—

 

—

 

—

 

Residential

 

 

 

 

 

 

 

First Liens

 

—

 

—

 

—

 

Home Equity

 

—

 

—

 

—

 

Junior Liens

 

—

 

—

 

—

 

Multifamily

 

—

 

—

 

—

 

All Other Residential

 

—

 

—

 

—

 

Consumer

 

 

 

 

 

 

 

Motor Vehicle

 

—

 

—

 

—

 

All Other Consumer

 

—

 

—

 

—

 

With an allowance recorded:

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

Commercial & Industrial

 

15,493

 

15,464

 

4,040

 

Farmland

 

891

 

891

 

49

 

Non Farm, Non Residential

 

2,509

 

2,509

 

198

 

Agriculture

 

—

 

—

 

—

 

All Other Commercial

 

1,311

 

1,311

 

93

 

Residential

 

 

 

 

 

 

 

First Liens

 

1,213

 

1,213

 

190

 

Home Equity

 

—

 

—

 

—

 

Junior Liens

 

—

 

—

 

—

 

Multifamily

 

—

 

—

 

—

 

All Other Residential

 

—

 

—

 

—

 

Consumer

 

 

 

 

 

 

 

Motor Vehicle

 

—

 

—

 

—

 

All Other Consumer

 

—

 

—

 

—

 

TOTAL

 

$

25,959

 

$

25,930

 

$

4,570

 

 

 

 

December 31, 2011

 

 

 

 

 

 

 

Allowance

 

 

 

 

 

 

 

 

 

Unpaid

 

 

 

for Loan

 

Average

 

Interest

 

Cash Basis

 

 

 

Principal

 

Recorded

 

Losses

 

Recorded

 

Income

 

Interest Income

 

(Dollar amounts in thousands)

 

Balance

 

Investment

 

Allocated

 

Investment

 

Recognized

 

Recognized

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & Industrial

 

$

—

 

$

—

 

$

—

 

$

1,929

 

$

165

 

$

—

 

Farmland

 

—

 

—

 

—

 

—

 

—

 

—

 

Non Farm, Non Residential

 

4,444

 

4,444

 

—

 

3,262

 

—

 

—

 

Agriculture

 

—

 

—

 

—

 

—

 

—

 

—

 

All Other Commercial

 

—

 

—

 

—

 

—

 

—

 

—

 

Residential

 

 

 

 

 

 

 

 

 

 

 

 

 

First Liens

 

750

 

750

 

—

 

150

 

—

 

—

 

Home Equity

 

—

 

—

 

—

 

—

 

—

 

—

 

Junior Liens

 

—

 

—

 

—

 

—

 

—

 

—

 

Multifamily

 

250

 

250

 

—

 

50

 

—

 

—

 

All Other Residential

 

—

 

—

 

—

 

—

 

—

 

—

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

Motor Vehicle

 

—

 

—

 

—

 

—

 

—

 

—

 

All Other Consumer

 

—

 

—

 

—

 

—

 

—

 

—

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & Industrial

 

17,890

 

17,866

 

2,664

 

16,746

 

—

 

—

 

Farmland

 

891

 

891

 

49

 

360

 

—

 

—

 

Non Farm, Non Residential

 

4,816

 

4,816

 

957

 

8,717

 

—

 

—

 

Agriculture

 

—

 

—

 

—

 

—

 

—

 

—

 

All Other Commercial

 

1,517

 

1,517

 

66

 

1,671

 

—

 

—

 

Residential

 

 

 

 

 

 

 

 

 

 

 

 

 

First Liens

 

1,213

 

1,213

 

190

 

2,014

 

—

 

—

 

Home Equity

 

—

 

—

 

—

 

—

 

—

 

—

 

Junior Liens

 

879

 

879

 

347

 

937

 

—

 

—

 

Multifamily

 

—

 

—

 

—

 

510

 

—

 

—

 

All Other Residential

 

—

 

—

 

—

 

—

 

—

 

—

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

Motor Vehicle

 

—

 

—

 

—

 

—

 

—

 

—

 

All Other Consumer

 

—

 

—

 

—

 

—

 

—

 

—

 

TOTAL

 

$

32,650

 

$

32,626

 

$

4,273

 

$

36,346

 

$

165

 

$

—

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30, 2012

 

June 30, 2012

 

 

 

Average

 

Interest

 

Cash Basis

 

Average

 

Interest

 

Cash Basis

 

 

 

Recorded

 

Income

 

Interest Income

 

Recorded

 

Income

 

Interest Income

 

(Dollar amounts in thousands)

 

Investment

 

Recognized

 

Recognized

 

Investment

 

Recognized

 

Recognized

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & Industrial

 

$

1,284

 

$

—

 

$

—

 

$

856

 

$

—

 

$

—

 

Farmland

 

—

 

—

 

—

 

—

 

—

 

—

 

Non Farm, Non Residential

 

1,975

 

—

 

—

 

2,798

 

—

 

—

 

Agriculture

 

—

 

—

 

—

 

—

 

—

 

—

 

All Other Commercial

 

—

 

—

 

—

 

—

 

—

 

—

 

Residential

 

 

 

 

 

 

 

 

 

 

 

 

 

First Liens

 

—

 

—

 

—

 

250

 

—

 

—

 

Home Equity

 

—

 

—

 

—

 

—

 

—

 

—

 

Junior Liens

 

—

 

—

 

—

 

—

 

—

 

—

 

Multifamily

 

—

 

—

 

—

 

83

 

—

 

—

 

All Other Residential

 

—

 

—

 

—

 

—

 

—

 

—

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

Motor Vehicle

 

—

 

—

 

—

 

—

 

—

 

—

 

All Other Consumer

 

—

 

—

 

—

 

—

 

—

 

—

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & Industrial

 

16,669

 

—

 

—

 

17,068

 

—

 

—

 

Farmland

 

891

 

—

 

—

 

891

 

—

 

—

 

Non Farm, Non Residential

 

2,609

 

—

 

—

 

3,345

 

—

 

—

 

Agriculture

 

—

 

—

 

—

 

—

 

—

 

—

 

All Other Commercial

 

1,384

 

—

 

—

 

1,428

 

—

 

—

 

Residential

 

 

 

 

 

 

 

 

 

 

 

 

 

First Liens

 

1,213

 

—

 

—

 

1,213

 

—

 

—

 

Home Equity

 

—

 

—

 

—

 

—

 

—

 

—

 

Junior Liens

 

—

 

—

 

—

 

293

 

—

 

—

 

Multifamily

 

—

 

—

 

—

 

—

 

—

 

—

 

All Other Residential

 

—

 

—

 

—

 

—

 

—

 

—

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

Motor Vehicle

 

—

 

—

 

—

 

—

 

—

 

—

 

All Other Consumer

 

—

 

—

 

—

 

—

 

—

 

—

 

TOTAL

 

$

26,025

 

$

—

 

$

—

 

$

28,225

 

$

—

 

$

—

 

 
Schedule of non-performing loans

 

 

 

 

June 30, 2012

 

 

 

Loans Past

 

 

 

 

 

 

 

Due Over

 

 

 

 

 

 

 

90 Day Still

 

 

 

 

 

(Dollar amounts in thousands)

 

Accruing

 

Restructured

 

Nonaccrual

 

Commercial

 

 

 

 

 

 

 

Commercial & Industrial

 

$

881

 

$

12,267

 

$

11,476

 

Farmland

 

239

 

—

 

909

 

Non Farm, Non Residential

 

125

 

—

 

8,794

 

Agriculture

 

—

 

—

 

127

 

All Other Commercial

 

—

 

—

 

2,404

 

Residential

 

 

 

 

 

 

 

First Liens

 

902

 

3,597

 

7,630

 

Home Equity

 

67

 

—

 

17

 

Junior Liens

 

293

 

3

 

522

 

Multifamily

 

5,641

 

—

 

1,987

 

All Other Residential

 

—

 

—

 

346

 

Consumer

 

 

 

 

 

 

 

Motor Vehicle

 

115

 

629

 

217

 

All Other Consumer

 

6

 

17

 

1,637

 

TOTAL

 

$

8,269

 

$

16,513

 

$

36,066

 

 

 

 

December 31, 2011

 

 

 

Loans Past

 

 

 

 

 

 

 

Due Over

 

 

 

 

 

 

 

90 Day Still

 

 

 

 

 

(Dollar amounts in thousands)

 

Accruing

 

Restructured

 

Nonaccrual

 

Commercial

 

 

 

 

 

 

 

Commercial & Industrial

 

$

317

 

$

12,590

 

$

9,673

 

Farmland

 

74

 

—

 

979

 

Non Farm, Non Residential

 

237

 

—

 

12,542

 

Agriculture

 

—

 

—

 

225

 

All Other Commercial

 

—

 

—

 

3,171

 

Residential

 

 

 

 

 

 

 

First Liens

 

1,150

 

3,856

 

7,398

 

Home Equity

 

8

 

—

 

—

 

Junior Liens

 

154

 

898

 

1,240

 

Multifamily

 

—

 

—

 

668

 

All Other Residential

 

136

 

—

 

171

 

Consumer

 

 

 

 

 

 

 

Motor Vehicle

 

77

 

—

 

294

 

All Other Consumer

 

4

 

—

 

1,741

 

TOTAL

 

$

2,157

 

$

17,344

 

$

38,102

 

 
Aging of recorded investment in loans by past due category and class of loans

 

 

 

 

June 30, 2012

 

 

 

 

 

 

 

Greater

 

 

 

 

 

 

 

 

 

30-59 Days

 

60-89 Days

 

than 90 days

 

Total

 

 

 

 

 

(Dollar amounts in thousands)

 

Past Due

 

Past Due

 

Past Due

 

Past Due

 

Current

 

Total

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & Industrial

 

$

2,526

 

$

433

 

$

4,688

 

$

7,647

 

$

476,604

 

$

484,251

 

Farmland

 

187

 

2

 

1,130

 

1,319

 

90,379

 

91,698

 

Non Farm, Non Residential

 

764

 

1,082

 

3,991

 

5,837

 

321,802

 

327,639

 

Agriculture

 

25

 

55

 

14

 

94

 

112,126

 

112,220

 

All Other Commercial

 

3,317

 

58

 

651

 

4,026

 

87,434

 

91,460

 

Residential

 

 

 

 

 

 

 

 

 

 

 

 

 

First Liens

 

1,789

 

1,368

 

4,674

 

7,831

 

349,222

 

357,053

 

Home Equity

 

89

 

14

 

67

 

170

 

43,055

 

43,225

 

Junior Liens

 

722

 

181

 

389

 

1,292

 

39,172

 

40,464

 

Multifamily

 

70

 

—

 

5,703

 

5,773

 

44,400

 

50,173

 

All Other Residential

 

—

 

—

 

—

 

—

 

11,144

 

11,144

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

Motor Vehicle

 

2,564

 

363

 

115

 

3,042

 

249,793

 

252,835

 

All Other Consumer

 

225

 

33

 

6

 

264

 

24,975

 

25,239

 

TOTAL

 

$

12,278

 

$

3,589

 

$

21,428

 

$

37,295

 

$

1,850,106

 

$

1,887,401

 

 

 

 

December 31, 2011

 

 

 

 

 

 

 

Greater

 

 

 

 

 

 

 

 

 

30-59 Days

 

60-89 Days

 

than 90 days

 

Total

 

 

 

 

 

(Dollar amounts in thousands)

 

Past Due

 

Past Due

 

Past Due

 

Past Due

 

Current

 

Total

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & Industrial

 

$

2,717

 

$

740

 

$

4,452

 

$

7,909

 

$

472,370

 

$

480,279

 

Farmland

 

5

 

57

 

1,034

 

1,096

 

98,158

 

99,254

 

Non Farm, Non Residential

 

2,945

 

420

 

7,754

 

11,119

 

310,724

 

321,843

 

Agriculture

 

88

 

—

 

97

 

185

 

114,162

 

114,347

 

All Other Commercial

 

120

 

—

 

1,588

 

1,708

 

88,313

 

90,021

 

Residential

 

 

 

 

 

 

 

 

 

 

 

 

 

First Liens

 

11,435

 

2,016

 

5,316

 

18,767

 

340,269

 

359,036

 

Home Equity

 

175

 

62

 

8

 

245

 

44,939

 

45,184

 

Junior Liens

 

1,333

 

183

 

190

 

1,706

 

39,903

 

41,609

 

Multifamily

 

—

 

100

 

668

 

768

 

46,216

 

46,984

 

All Other Residential

 

128

 

—

 

136

 

264

 

14,261

 

14,525

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

Motor Vehicle

 

3,450

 

563

 

77

 

4,090

 

260,102

 

264,192

 

All Other Consumer

 

174

 

48

 

5

 

227

 

26,782

 

27,009

 

TOTAL

 

$

22,570

 

$

4,189

 

$

21,325

 

$

48,084

 

$

1,856,199

 

$

1,904,283

 

 
Analysis of risk category of loans by class of loans

 

 

 

 

June 30, 2012

 

 

 

 

 

Special

 

 

 

 

 

 

 

 

 

(Dollar amounts in thousands)

 

Pass

 

Mention

 

Substandard

 

Doubtful

 

Not Rated

 

Total

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & Industrial

 

$

402,954

 

$

25,500

 

$

42,229

 

$

6,659

 

$

5,572

 

$

482,914

 

Farmland

 

82,746

 

4,015

 

2,740

 

—

 

641

 

90,142

 

Non Farm, Non Residential

 

266,370

 

25,740

 

26,416

 

659

 

7,488

 

326,673

 

Agriculture

 

104,344

 

5,563

 

916

 

—

 

206

 

111,029

 

All Other Commercial

 

78,334

 

2,703

 

6,921

 

60

 

3,015

 

91,033

 

Residential

 

 

 

 

 

 

 

 

 

 

 

 

 

First Liens

 

109,964

 

4,413

 

17,689

 

665

 

222,842

 

355,573

 

Home Equity

 

12,967

 

338

 

1,106

 

26

 

28,710

 

43,147

 

Junior Liens

 

11,232

 

309

 

563

 

72

 

28,140

 

40,316

 

Multifamily

 

35,239

 

3,863

 

8,651

 

1,925

 

293

 

49,971

 

All Other Residential

 

3,455

 

—

 

222

 

—

 

7,426

 

11,103

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

Motor Vehicle

 

12,068

 

333

 

410

 

49

 

238,817

 

251,677

 

All Other Consumer

 

4,877

 

34

 

268

 

11

 

19,891

 

25,081

 

TOTAL

 

$

1,124,550

 

$

72,811

 

$

108,131

 

$

10,126

 

$

563,041

 

$

1,878,659

 

 

 

 

December 31, 2011

 

 

 

 

 

Special

 

 

 

 

 

 

 

 

 

(Dollar amounts in thousands)

 

Pass

 

Mention

 

Substandard

 

Doubtful

 

Not Rated

 

Total

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & Industrial

 

$

386,734

 

$

25,343

 

$

53,026

 

$

7,128

 

$

6,717

 

$

478,948

 

Farmland

 

89,213

 

4,250

 

3,015

 

69

 

619

 

97,166

 

Non Farm, Non Residential

 

254,761

 

28,684

 

32,704

 

4,271

 

393

 

320,813

 

Agriculture

 

109,869

 

2,100

 

623

 

79

 

122

 

112,793

 

All Other Commercial

 

77,330

 

6,097

 

5,099

 

67

 

1,011

 

89,604

 

Residential

 

 

 

 

 

 

 

 

 

 

 

 

 

First Liens

 

113,234

 

5,175

 

19,895

 

1,318

 

218,118

 

357,740

 

Home Equity

 

13,613

 

520

 

671

 

19

 

30,278

 

45,101

 

Junior Liens

 

11,887

 

714

 

783

 

968

 

27,105

 

41,457

 

Multifamily

 

35,837

 

3,911

 

6,224

 

606

 

258

 

46,836

 

All Other Residential

 

4,658

 

445

 

53

 

—

 

9,310

 

14,466

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

Motor Vehicle

 

12,988

 

330

 

501

 

59

 

249,018

 

262,896

 

All Other Consumer

 

6,120

 

57

 

141

 

12

 

20,491

 

26,821

 

TOTAL

 

$

1,116,244

 

$

77,626

 

$

122,735

 

$

14,596

 

$

563,440

 

$

1,894,641