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Loans, net and allowance for loan losses (Tables)

12 Months Ended

Dec. 31, 2014

Receivables [Abstract]

Major Classifications of Loans Outstanding

The major classifications of loans outstanding, net of deferred loan origination fees and costs at December 31, 2014 and 2013 are summarized as follows. Net deferred loan costs were $651 and $24 in 2014 and 2013, respectively.

December 31		2014				2013
Commercial		$	319,590			$	350,680
Real estate:
Commercial			493,481				413,058
Residential			310,667				322,062
Consumer			86,156				90,817
Total		$	1,209,894			$	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 year ended December 31, 2014, 2013, and 2012 were as follows:

						Real estate
December 31, 2014		Commercial				Commercial				Residential				Consumer				Unallocated				Total
Allowance for loan losses:
Beginning balance		$	2,008			$	2,394			$	3,135			$	1,114			$				$	8,651
Charge-offs			(601	)			(500	)			(804	)			(386	)							(2,291	)
Recoveries			9				292				38				115								454
Provisions			905				851				1,321				447								3,524
Ending balance		$	2,321			$	3,037			$	3,690			$	1,290			$				$	10,338
Ending balance: individually evaluated for impairment			1,072				805				767				38								2,682
Ending balance: collectively evaluated for impairment			1,081				2,125				2,921				1,252								7,379
Ending balance: loans acquired with deteriorated credit quality		$	168			$	107			$	2			$				$				$	277
Loans receivable:
Ending balance		$	319,590			$	493,481			$	310,667			$	86,156			$				$	1,209,894
Ending balance: individually evaluated for impairment			2,595				5,084				4,001				127								11,807
Ending balance: collectively evaluated for impairment			315,642				487,024				306,608			$	86,029								1,195,303
Ending balance: loans acquired with deteriorated credit quality		$	1,353			$	1,373			$	58							$				$	2,784

						Real estate
December 31, 2013		Commercial				Commercial				Residential				Consumer				Unallocated				Total
Allowance for loan losses:
Beginning balance		$	799			$	2,304			$	2,981			$	866			$				$	6,950
Charge-offs			(5	)			(15	)			(508	)			(313	)							(841	)
Recoveries			1				20				111				49								181
Provisions			1,213				85				551				512								2,361
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

						Real estate
December 31, 2012		Commercial				Commercial				Residential				Consumer				Unallocated				Total
Allowance for loan losses:
Beginning balance		$	793			$	2,294			$	2,855			$	769			$				$	6,711
Charge-offs			(78	)			(33	)			(431	)			(275	)							(817	)
Recoveries			1				6				67				58								132
Provisions			83				37				490				314								924
Ending balance		$	799			$	2,304			$	2,981			$	866			$				$	6,950
Ending balance: individually evaluated for impairment			351				550				325												1,226
Ending balance: collectively evaluated for impairment		$	448			$	1,754			$	2,656			$	866			$				$	5,724
Loans receivable:
Ending balance		$	91,724			$	217,496			$	261,912			$	52,398			$				$	623,530
Ending balance: individually evaluated for impairment			655				2,160				2,425				31								5,271
Ending balance: collectively evaluated for impairment		$	91,069			$	215,336			$	259,487			$	52,367			$				$	618,259

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 December 31, 2014 and 2013:

December 31, 2014:		Pass				Special Mention				Substandard				Doubtful				Total
Commercial		$	306,066			$	6,135			$	7,389			$				$	319,590
Real estate:
Commercial			472,270				9,858				11,353								493,481
Residential			300,299				2,123				8,245								310,667
Consumer			86,037				13				106								86,156
Total		$	1,164,672			$	18,129			$	27,093			$				$	1,209,894

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 December 31, 2014 and 2013 is summarized as follows:

December 31,		2014				2013
Commercial		$	1,322			$	2,035
Real estate:
Commercial			3,732				9,172
Residential			3,523				3,569
Consumer			122				90
Total		$	8,699			$	14,866

Major Classification of Loans by Past Due Status

The major classification of loans by past due status at December 31, 2014 and 2013 are summarized as follows:

December 31, 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		$	898			$	117			$	1,322			$	2,337			$	317,253			$	319,590
Real estate:
Commercial			2,100				888				3,868				6,856				486,625				493,481			$	136
Residential			3,154				1,239				4,585				8,978				301,689				310,667				1,062
Consumer			848				247				547				1,642				84,514				86,156				425
Total		$	7,000			$	2,491			$	10,322			$	19,813			$	1,190,081			$	1,209,894			$	1,623

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 years ended December 31, 2014, 2013 and 2012 by major loan classification:

														For the Year Ended
December 31, 2014		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
With no related allowance:
Commercial		$	2,379			$	4,084							$	2,669			$	141
Real estate:
Commercial			2,932				3,690								7,944				120
Residential			2,672				2,857								2,731				4
Consumer			83				83								94
Total			8,066				10,714								13,438				265
With an allowance recorded:
Commercial			1,569				1,569			$	1,240				1,787				58
Real estate:
Commercial			3,525				3,525				912				2,293				28
Residential			1,387				1,387				769				590				10
Consumer			44				44				38				10				1
Total			6,525				6,525				2,959				4,680				97
Commercial			3,948				5,653				1,240				4,456				199
Real estate:
Commercial			6,457				7,215				912				10,237				148
Residential			4,059				4,244				769				3,321				14
Consumer			127				127				38				104				1
Total		$	14,591			$	17,239			$	2,959			$	18,118			$	362

														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

														For the Year Ended
December 31, 2012		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
With no related allowance:
Commercial		$	304			$	304							$	152
Real estate:
Commercial			145				145								201
Residential			928				928								1,152
Consumer			31				31								68
Total			1,408				1,408								1,573
With an allowance recorded:
Commercial			351				351			$	351				351			$	17
Real estate:
Commercial			2,015				2,015				550				2,104				114
Residential			1,497				1,497				325				1,040				44
Consumer
Total			3,863				3,863				1,226				3,495				175
Commercial			655				655				351				503				17
Real estate:
Commercial			2,160				2,160				550				2,305				114
Residential			2,425				2,425				325				2,192				44
Consumer			31				31								68
Total		$	5,271			$	5,271			$	1,226			$	5,068			$	175

Summary of Changes in Accretible Yield and Nonaccretible Difference of Acquired Loans

The changes in the accretible yield and nonaccretible difference of acquired loans accounted for under ASC310 for the years ended December 31, 2014, 2013 and 2012, were as follows:

		2014								2013								2012
Year ended December 31		Accretible				Nonaccretible				Accretible				Nonaccretible				Accretible				Nonaccretible
Beginning Balance, January 1		$	895			$	6,892											$				$	211
Additions										$	934			$	6,892
Accretion			(280	)							(39	)
Charge-offs			(398	)			(2,703	)
Payments			(157	)			(1,601	)															(211	)
Ending Balance, December 31		$	60			$	2,588			$	895			$	6,892			$				$

Summary of Loans Terms Modified Resulting in Troubled Debt Restructurings

The following table summarizes the loans whose terms have been modified resulting in troubled debt restructurings during the year ended December 31, 2014.

December 31, 2014		Number of Contracts				Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment				Recorded Investment
Commercial real estate			1			$	4,408			$	2,500			$	2,457
Residential mortgage			2				479				479				476
Total			3			$	4,887			$	2,979			$	2,933

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