XML 98 R12.htm IDEA: XBRL DOCUMENT
v2.4.0.6

LOANS: | 12 Months Ended
--- | ---
Dec. 31, 2012
Loans Receivable, Net [Abstract] |
LOANS |
5. | LOANS:
Loans are summarized as follows:
|  | December 31, |
(Dollar amounts in thousands) |  | 2012 |  |  | 2011 |
Commercial |  | $ | 1,088,144 |  |  | $ | 1,099,324 |
Residential |  |  | 496,237 |  |  |  | 505,600 |
Consumer |  |  | 268,507 |  |  |  | 289,717 |
Total gross loans |  |  | 1,852,888 |  |  |  | 1,894,641 |
Less: unearned income |  |  | (952 | ) |  |  | (962 | )
Allowance for loan losses |  |  | (21,958 | ) |  |  | (19,241 | )
TOTAL |  | $ | 1,829,978 |  |  | $ | 1,874,438 |
Loans in the above summary include loans totaling $27.8 million and $35.0 million at December 31, 2012 and 2011 that are subject to the FDIC loss share arrangement (“covered loans”) discussed in footnote 6. The Corporation periodically sells residential mortgage loans it originates based on the overall loan demand of the Corporation and the outstanding balances in the residential mortgage portfolio. At December 31, 2012 and 2011, loans held for sale included $8.8 million and $4.1 million, respectively, and are included in the totals above. In the normal course of business, the Corporation’s subsidiary banks make loans to directors and executive officers and to their associates. In 2012, the aggregate dollar amount of these loans to directors and executive officers who held office amounted to $58.5 million at the beginning of the year. During 2012, advances of $27.2 million, repayments of $11.6 million and decreases of $12.6 million resulting from changes in personnel were made with respect to related party loans for an aggregate dollar amount outstanding of $61.5 million at December 31, 2012. Loans serviced for others, which are not reported as assets, total $543.6 million and $450.1 million at year-end 2012 and 2011. Custodial escrow balances maintained in connection with serviced loans were $2.64 million and $1.89 million at year-end 2012 and 2011. Activity for capitalized mortgage servicing rights (included in other assets) was as follows:
|  | December 31, |
(Dollar amounts in thousands) |  | 2012 |  |  | 2011 |  |  | 2010 |
Servicing rights: |  |  |  |  |  |  |  |  |  |  |  |
Beginning of year |  | $ | 2,429 |  |  | $ | 2,080 |  |  | $ | 2,034 |
Additions* |  |  | 868 |  |  |  | 1,035 |  |  |  | 810 |
Amortized to expense |  |  | (1,072 | ) |  |  | (686 | ) |  |  | (764 | )
End of year |  | $ | 2,225 |  |  | $ | 2,429 |  |  | $ | 2,080 |
* In 2011 $520 thousand is from the acquisition of Freestar Bank Third party valuations are conducted periodically for mortgage servicing rights. Based on these valuations, fair values were approximately $3.2 million and $3.3 million at year end 2012 and 2011. There was no valuation allowance in 2012 or 2011. Fair value for 2012 was determined using a discount rate of 9%, prepayment speeds ranging from 262% to 550%, depending on the stratification of the specific right. Fair value at year end 2011 was determined using a discount rate of 9%, prepayment speeds ranging from 139% to 700%, depending on the stratification of the specific right. Mortgage servicing rights are amortized over 8 years, the expected life of the sold loans.

X
- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5074-111524 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5162-111524 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph k -Article 4 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 01-6 -Paragraph 13 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5066-111524 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 9 + Details
Name: | us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_LoansReceivableNetAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration