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ALLOWANCE FOR LOAN LOSSES: (Tables)
 12 Months Ended
Dec. 31, 2012
Allowance For Loan Losses Disclosure [Abstract]  
Schedule of allowances for loan losses by portfolio segment

The following table presents the activity of the allowance for loan losses by portfolio segment for the years ended December 31, 2012 and 2011.

 

Allowance for Loan Losses:         December 31, 2012        
(Dollar amounts in thousands)   Commercial     Residential     Consumer     Unallocated     Total  
Beginning balance   $ 12,119     $ 2,728     $ 3,889     $ 505     $ 19,241  
Provision for loan losses*     2,400       5,196       2,243       1,161       11,000  
Loans charged -off     (4,176 )     (2,598 )     (3,640 )     -       (10,414 )
Recoveries     644       100       1,387       -       2,131  
Ending Balance   $ 10,987     $ 5,426     $ 3,879     $ 1,666     $ 21,958  

  * Provision before decrease of $2.2 million in 2012 for increase in FDIC indemnification asset

 

Allowance for Loan Losses:         December 31, 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*     3,708       2,571       1,199       (1,598 )     5,880  
Loans charged -off     (5,336 )     (2,811 )     (2,969 )     -       (11,116 )
Recoveries     938       95       1,108       -       2,141  
Ending Balance   $ 12,119     $ 2,728     $ 3,889     $ 505     $ 19,241  

  * Provision before decrease of $125 thousand in 2011 for increase in FDIC indemnification asset

 

Changes in the allowance for loan losses for 2010 are summarized as follows:

 

    December 31,  
(Dollar amounts in thousands)     2010  
         
Balance at beginning of year   $ 19,437  
Provision for loan losses *     10,862  
Recoveries of loans previously charged off     4,511  
Loans charged off     (12,474 )
BALANCE AT END OF YEAR   $ 22,336  

  * In 2010 the provision charged to expense was reduced by $1.7 million for the increase to the FDIC Indemnification asset.
Allocation of the allowance for loan losses by portfolio segment based on the impairment method

The following tables present the allocation of the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method at December 31, 2012 and 2011:

 

Allowance for Loan Losses:         December 31, 2012              
(Dollar amounts in thousands)   Commercial     Residential     Consumer     Unallocated     Total  
Individually evaluated for impairment   $ 3,453     $ 3,920     $ -     $ -     $ 7,373  
Collectively evaluated for impairment     7,286       1,506       3,879       1,666       14,337  
Acquired with deteriorated credit quality     248       -       -       -       248  
BALANCE AT END OF YEAR   $ 10,987     $ 5,426     $ 3,879     $ 1,666     $ 21,958  
                                         
Loans                                        
(Dollar amounts in thousands)     Commercial          Residential          Consumer                  Total     
Individually evaluated for impairment   $ 23,721     $ 6,973     $ -             $ 30,694  
Collectively evaluated for impairment     1,056,861       487,486       269,882               1,814,229  
Acquired with deteriorated credit quality     13,582       3,421       6               17,009  
BALANCE AT END OF YEAR   $ 1,094,164     $ 497,880     $ 269,888             $ 1,861,932  

 

Allowance for Loan Losses:         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  
BALANCE AT END OF YEAR   $ 12,119     $ 2,728     $ 3,889     $ 505     $ 19,241  
                                         
Loans                                        
(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  
BALANCE AT END OF YEAR   $ 1,105,745     $ 507,338     $ 291,201             $ 1,904,284  
Schedule of loans individually evaluated for impairment by class of loans

The following table presents loans individually evaluated for impairment by class of loan.

 

December 31, 2012       Allowance        Cash Basis 
  Unpaid     for Loan  Average  Interest  Interest 
  Principal  Recorded  Losses  Recorded  Income  Income 
  Balance  Investment  Allocated  Investment  Recognized  Recognized 
With no related allowance recorded:                        
Commercial                        
Commercial & Industrial $-  $-  $-  $1,013  $-  $- 
Farmland  -   -   -   -   -   - 
Non Farm, Non Residential  -   -   -   1,679   -   - 
Agriculture  -   -   -   -   -   - 
All Other Commercial  -   -   -   -   -   - 
Residential                        
First Liens  -   -   -   150   -   - 
Home Equity  -   -   -   -   -   - 
Junior Liens  -   -   -   -   -   - 
Multifamily  -   -   -   50   -   - 
All Other Residential  -   -   -   -   -   - 
Consumer                        
Motor Vehicle  -   -   -   -   -   - 
All Other Consumer  -   -   -   -   -   - 
With an allowance recorded:                        
Commercial                        
Commercial & Industrial  17,262   17,098   3,153   16,738   -   - 
Farmland  891   891   191   891   -   - 
Non Farm, Non Residential  7,438   7,386   293   5,000   179   - 
Agriculture  -   -   -   -   -   - 
All Other Commercial  1,209   1,209   52   1,362   -   - 
Residential                        
First Liens  1,254   1,254   126   1,230   -   - 
Home Equity  179   179   -   75   -   - 
Junior Liens  -   -   -   176   -   - 
Multifamily  5,540   5,540   3,794   2,216   -   - 
All Other Residential  -   -   -   -   -   - 
Consumer                        
Motor Vehicle  -   -   -   -   -   - 
All Other Consumer  -   -   -   -   -   - 
TOTAL $33,773  $33,557  $7,609  $30,580  $179  $- 

 

For 2012, the unpaid principal balance has not been reduced for partial charge-offs.

 

December 31, 2011       Allowance        Cash Basis 
  Unpaid     for Loan  Average  Interest  Interest 
  Principal  Recorded  Losses  Recorded  Income  Income 
  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  $- 

 

For 2011, the unpaid principal balance has been reduced for partial charge-offs.

 

(Dollar amounts in thousands) 2010 
Average of impaired loans during the year $27,772 
Interest income recognized during impairment  660 
Cash-basis interest income recognized  57 
Schedule of non-performing loans

The following table presents the recorded investment in nonperforming loans by class of loans.

 

    Loans Past                 Loans Past              
    Due Over         Due Over      
    90 Day Still     December 31, 2012     90 Day Still     December 31, 2011  
(Dollar amounts in thousands)   Accruing     Restructured     Nonaccrual     Accruing     Restructured     Nonaccrual  
Commercial                                                
Commercial & Industrial   $ 724     $ 11,573     $ 9,360     $ 317     $ 12,590     $ 9,673  
Farmland     231       -       907       74       -       979  
Non Farm, Non Residential     491       4,836       6,718       237       -       12,542  
Agriculture     69       -       104       -       -       225  
All Other Commercial     -       -       4,811       -       -       3,171  
Residential                                                
First Liens     1,237       4,126       6,852       1,150       3,856       7,398  
Home Equity     24       -       196       8       -       -  
Junior Liens     538       -       405       154       898       1,240  
Multifamily     101       -       5,598       -       -       668  
All Other Residential     -       -       150       136       -       171  
Consumer                                                
Motor Vehicle     133       685       174       77       -       294  
All Other Consumer     3       16       1,519       4       -       1,741  
TOTAL   $ 3,551     $ 21,236     $ 36,794     $ 2,157     $ 17,344     $ 38,102  
Aging of recorded investment in loans by past due category and class of loans

The following table presents the aging of the recorded investment in loans by past due category and class of loans.

 

        Greater          
December 31, 2012 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 $1,315  $861  $3,616  $5,792  $487,160  $492,952 
Farmland  534   -   1,122   1,656   87,270   88,926 
Non Farm, Non Residential  5,618   1,004   2,449   9,071   290,023   299,094 
Agriculture  137   -   78   215   130,404   130,619 
All Other Commercial  568   202   350   1,120   81,453   82,573 
Residential                        
First Liens  8,359   1,659   4,599   14,617   336,230   350,847 
Home Equity  143   15   24   182   43,317   43,499 
Junior Liens  555   98   586   1,239   36,535   37,774 
Multifamily  52   -   5,641   5,693   49,019   54,712 
All Other Residential  214   -   -   214   10,834   11,048 
Consumer                        
Motor Vehicle  4,164   600   182   4,946   241,303   246,249 
All Other Consumer  225   93   3   321   23,318   23,639 
TOTAL $21,884  $4,532  $18,650  $45,066  $1,816,866  $1,861,932 

 

        Greater          
December 31, 2011 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   98,159   99,255 
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  $1,856,200  $1,904,284 
Analysis of risk category of loans by class of loans

As of December 31, 2012, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:

 

December 31, 2012    Special             
(Dollar amounts in thousands) Pass  Mention  Substandard  Doubtful  Not Rated  Total 
Commercial                        
Commercial & Industrial $414,680  $31,368  $31,442  $7,138  $7,025  $491,653 
Farmland  81,977   2,718   1,616   -   805   87,116 
Non Farm, Non Residential  249,614   25,764   22,038   831   42   298,289 
Agriculture  119,789   8,921   134   -   62   128,906 
All Other Commercial  69,952   132   11,239   54   803   82,180 
Residential                        
First Liens  113,360   8,986   11,516   689   215,034   349,585 
Home Equity  13,035   469   1,631   23   28,267   43,425 
Junior Liens  10,419   50   515   70   26,575   37,629 
Multifamily  42,719   3,328   8,481   59   -   54,587 
All Other Residential  2,840   -   35   -   8,136   11,011 
Consumer                        
Motor Vehicle  11,695   262   311   25   232,727   245,020 
All Other Consumer  4,614   73   104   21   18,675   23,487 
TOTAL $1,134,694  $82,071  $89,062  $8,910  $538,151  $1,852,888 

 

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