XML 63 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8

Loans, net and allowance for loan losses (Tables)

9 Months Ended

Sep. 30, 2014

Receivables [Abstract]

Major Classifications of Loans Outstanding

The major classifications of loans outstanding, net of deferred loan origination fees and costs at September 30, 2014 and December 31, 2013 are summarized as follows. Net deferred loan costs were $526 and $24 at September 30, 2014 and December 31, 2013.

		September 30, 2014				December 31, 2013
Commercial		$	323,312			$	350,680
Real estate:
Commercial			456,153				413,058
Residential			315,082				322,062
Consumer			85,395				90,817
Total		$	1,179,942			$	1,176,617

Changes in Allowance for Loan Losses Account by Major Classification of Loan

The changes in the allowance for loan losses account by major classification of loan for the three and nine months ended September 30, 2014 and 2013 are summarized as follows:

						Real estate
September 30, 2014		Commercial				Commercial				Residential				Consumer				Total
Allowance for loan losses:
Beginning Balance July 1, 2014		$	2,201			$	2,675			$	3,458			$	1,288			$	9,622
Charge-offs							(57	)			(56	)			(64	)			(177	)
Recoveries			5				22								33				60
Provisions			152				185				239				90				666
Ending balance		$	2,358			$	2,825			$	3,641			$	1,347			$	10,171
						Real estate
September 30, 2014		Commercial				Commercial				Residential				Consumer				Total
Allowance for loan losses:
Beginning Balance January 1, 2014		$	2,008			$	2,394			$	3,135			$	1,114			$	8,651
Charge-offs			(376	)			(489	)			(566	)			(219	)			(1,650	)
Recoveries			6				291				38				111				446
Provisions			720				629				1,034				341				2,724
Ending balance		$	2,358			$	2,825			$	3,641			$	1,347			$	10,171

						Real estate
September 30, 2013		Commercial				Commercial				Residential				Consumer				Total
Allowance for loan losses:
Beginning Balance July 1, 2013		$	1,199			$	2,304			$	3,092			$	957			$	7,552
Charge-offs			(5	)							(168	)			(43	)			(216	)
Recoveries											5				5				10
Provisions			513								(98	)			110				525
Ending balance		$	1,707			$	2,304			$	2,831			$	1,029			$	7,871
						Real estate
September 30, 2013		Commercial				Commercial				Residential				Consumer				Total
Allowance for loan losses:
Beginning Balance January 1, 2013		$	799			$	2,304			$	2,981			$	866			$	6,950
Charge-offs			(5	)							(375	)			(160	)			(540	)
Recoveries											111				25				136
Provisions			913								114				298				1,325
Ending balance		$	1,707			$	2,304			$	2,831			$	1,029			$	7,871

The allocation of the allowance for loan losses and the related loans by major classifications of loans at September 30, 2014 and December 31, 2013 is summarized as follows:

						Real estate
September 30, 2014		Commercial				Commercial				Residential				Consumer				Unallocated		Total
Allowance for loan losses:
Ending balance		$	2,358			$	2,825			$	3,641			$	1,347					$	10,171
Ending balance: individually evaluated for impairment			1,163				660				275				17						2,115
Ending balance: collectively evaluated for impairment			1,195				2,165				3,366				1,330						8,056
Ending balance: loans acquired with deteriorated credit quality		$				$				$				$						$
Loans receivable:
Ending balance		$	323,312			$	456,153			$	315,082			$	85,395					$	1,179,942
Ending balance: individually evaluated for impairment			2,721				7,799				3,318				81						13,919
Ending balance: collectively evaluated for impairment			319,179				446,985				311,703			$	85,314						1,163,181
Ending balance: loans acquired with deteriorated credit quality		$	1,412			$	1,369			$	61									$	2,842

						Real estate
December 31, 2013		Commercial				Commercial				Residential				Consumer				Unallocated		Total
Allowance for loan losses:
Ending balance		$	2,008			$	2,394			$	3,135			$	1,114					$	8,651
Ending balance: individually evaluated for impairment			1,500				300				224										2,024
Ending balance: collectively evaluated for impairment			508				2,094				2,911				1,114						6,627
Ending balance: loans acquired with deteriorated credit quality		$				$				$				$						$
Loans receivable:
Ending balance		$	350,680			$	413,058			$	322,062			$	90,817					$	1,176,617
Ending balance: individually evaluated for impairment			4,504				7,711				3,321				90						15,626
Ending balance: collectively evaluated for impairment			343,502				401,168				318,274			$	90,727						1,153,671
Ending balance: loans acquired with deteriorated credit quality		$	2,674			$	4,179			$	467									$	7,320

Major Classification of Loans Portfolio Summarized by Credit Quality

The following tables present the major classification of loans summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company’s internal risk rating system at September 30, 2014 and December 31, 2013:

September 30, 2014		Pass				Special Mention				Substandard				Doubtful		Total
Commercial		$	311,685			$	4,207			$	7,420					$	323,312
Real estate:
Commercial			430,443				10,100				15,610						456,153
Residential			306,007				1,399				7,676						315,082
Consumer			85,324				14				57						85,395
Total		$	1,133,459			$	15,720			$	30,763					$	1,179,942
December 31, 2013		Pass				Special Mention				Substandard				Doubtful		Total
Commercial		$	332,257			$	7,025			$	11,398					$	350,680
Real estate:
Commercial			386,825				10,701				15,532						413,058
Residential			314,544				861				6,657						322,062
Consumer			90,718				9				90						90,817
Total		$	1,124,344			$	18,596			$	33,677					$	1,176,617

Information Concerning Nonaccrual Loans by Major Loan Classification

Information concerning nonaccrual loans by major loan classification at September 30, 2014 and December 31, 2013 is summarized as follows:

		September 30, 2014				December 31, 2013
Commercial		$	1,626			$	2,035
Real estate:
Commercial			6,666				9,172
Residential			2,951				3,569
Consumer			81				90
Total		$	11,324			$	14,866

Major Classifications of Loans by Past Due Status

The major classifications of loans by past due status are summarized as follows:

September 30, 2014		30-59 Days Past Due				60-89 Days Past Due				Greater than 90 Days				Total Past Due				Current				Total Loans				Loans > 90 Days and Accruing
Commercial		$	284			$	17			$	1,668			$	1,969			$	321,343			$	323,312			$	42
Real estate:
Commercial			1,243				200				6,676				8,119				448,034				456,153				10
Residential			1,631				1,031				3,502				6,164				308,918				315,082				551
Consumer			624				344				433				1,401				83,994				85,395				352
Total		$	3,782			$	1,592			$	12,279			$	17,653			$	1,162,289			$	1,179,942			$	955
December 31, 2013		30-59 Days Past Due				60-89 Days Past Due				Greater than 90 Days				Total Past Due				Current				Total Loans				Loans > 90 Days and Accruing
Commercial		$	1,052			$	105			$	2,041			$	3,198			$	347,482			$	350,680			$	6
Real estate:
Commercial			1,641				75				9,372				11,088				401,970				413,058				200
Residential			3,676				985				4,247				8,908				313,154				322,062				678
Consumer			798				313				661				1,772				89,045				90,817				571
Total		$	7,167			$	1,478			$	16,321			$	24,966			$	1,151,651			$	1,176,617			$	1,455

Summarize Information in Concerning to Impaired Loans

The following tables summarize information concerning impaired loans as of and for the three and nine months ended September 30, 2014 and September 30, 2013, and as of and for the year ended, December 31, 2013 by major loan classification:

														This Quarter								Year-to-Date
September 30, 2014		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized				Average Recorded Investment				Interest Income Recognized
With no related allowance:
Commercial		$	2,352			$	4,076							$	2,501			$	19			$	2,771			$	71
Real estate:
Commercial			5,275				6,074								7,587				20				9,238				58
Residential			2,629				2,816								2,675				1				2,758				3
Consumer			64				64								81								101
Total			10,320				13,030								12,844				40				14,868				132
With an allowance recorded:
Commercial			1,781				1,781			$	1,163				1,769				20				1,825				63
Real estate:
Commercial			3,893				3,893				660				2,640				14				1,816				43
Residential			750				750				275				504				4				428				4
Consumer			17				17				17				9								3
Total			6,441				6,441				2,115				4,922				38				4,072				110
Commercial			4,133				5,857				1,163				4,270				39				4,596				134
Real estate:
Commercial			9,168				9,967				660				10,227				34				11,054				101
Residential			3,379				3,566				275				3,179				5				3,186				7
Consumer			81				81				17				90								104
Total		$	16,761			$	19,471			$	2,115			$	17,766			$	78			$	18,940			$	242

														For the Year Ended
December 31, 2013		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
With no related allowance:
Commercial		$	4,978			$	9,474							$	5,824
Real estate:
Commercial			10,496				13,352								10,095
Residential			3,004				3,437								2,614
Consumer			90				90								95
Total			18,568				26,353								18,628
With an allowance recorded:
Commercial			2,200				2,200			$	1,500				2,182			$	95
Real estate:
Commercial			1,394				1,394				300				1,409				76
Residential			784				784				224				672				13
Consumer
Total			4,378				4,378				2,024				4,263				184
Commercial			7,178				11,674				1,500				8,006				95
Real estate:
Commercial			11,890				14,746				300				11,504				76
Residential			3,788				4,221				224				3,286				13
Consumer			90				90								95
Total		$	22,946			$	30,731			$	2,024			$	22,891			$	184

														This Quarter								Year-to-Date
September 30, 2013		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized				Average Recorded Investment				Interest Income Recognized
With no related allowance:
Commercial		$	305			$	305							$	82							$	213
Real estate:
Commercial			267				267								293								289
Residential			1,621				1,621								1,552								1,217
Consumer			99				99								85								75
Total			2,292				2,292								2,012								1,794
With an allowance recorded:
Commercial			2,064				2,064			$	1,464				3,226			$	70				1,440			$	82
Real estate:
Commercial			1,424				1,424				300				1,396				19				1,435				57
Residential			599				599				195				372				4				943				10
Consumer
Total			4,087				4,087				1,959				4,994				93				3,818				149
Commercial			2,369				2,369				1,464				3,308				70				1,653				82
Real estate:
Commercial			1,691				1,691				300				1,689				19				1,724				57
Residential			2,220				2,220				195				1,924				4				2,160				10
Consumer			99				99								85								75
Total		$	6,379			$	6,379			$	1,959			$	7,006			$	93			$	5,612			$	149

X

- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 11B

-URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953423-111524

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 29

-URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953659-111524



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 55

-Paragraph 19

-URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525

+ Details

Name:	us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of impaired financing receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=35738203&loc=d3e5212-111524

+ Details

Name:	us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status.

+ 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=35738203&loc=d3e5111-111524



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 7A

-URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953401-111524

+ Details

Name:	us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_ReceivablesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: 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 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 3, 4

-Article 5

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

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=35738203&loc=d3e5111-111524

+ Details

Name:	us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration