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Loans, net and allowance for loan losses (Tables)

3 Months Ended

Mar. 31, 2015

Receivables [Abstract]

Major Classifications of Loans Outstanding

The major classifications of loans outstanding, net of deferred loan origination fees and costs at March 31, 2015 and December 31, 2014 are summarized as follows. Net deferred loan costs were $648 and $651 at March 31, 2015 and December 31, 2014.

		March 31, 2015				December 31, 2014
Commercial		$	319,468			$	319,590
Real estate:
Commercial			522,432				493,481
Residential			305,663				310,667
Consumer			89,605				86,156
Total		$	1,237,168			$	1,209,894

Changes in Allowance for Loan Losses Account and Related Loans by Major Classification of Loans

The changes in the allowance for loan losses account by major classification of loan for the three months ended March 31, 2015 and 2014 are summarized as follows:

						Real estate
March 31, 2015		Commercial				Commercial				Residential				Consumer				Total
Allowance for loan losses:
Beginning Balance		$	2,321			$	3,037			$	3,690			$	1,290			$	10,338
Charge-offs			(37	)			(49	)			(199	)			(80	)			(365	)
Recoveries			61				1				5				13				80
Provisions			75				98				413				164				750
Ending balance		$	2,420			$	3,087			$	3,909			$	1,387			$	10,803
						Real estate
March 31, 2014		Commercial				Commercial				Residential				Consumer				Total
Allowance for loan losses:
Beginning Balance		$	2,008			$	2,394			$	3,135			$	1,114			$	8,651
Charge-offs			(347	)			(28	)			(240	)			(68	)			(683	)
Recoveries											3				31				34
Provisions			300				107				350				100				857
Ending balance		$	1,961			$	2,473			$	3,248			$	1,177			$	8,859

The allocation of the allowance for loan losses and the related loans by major classifications of loans at March 31, 2015 and December 31, 2014 is summarized as follows:

						Real estate
March 31, 2015		Commercial				Commercial				Residential				Consumer				Unallocated		Total
Allowance for loan losses:
Ending balance		$	2,420			$	3,087			$	3,909			$	1,387					$	10,803
Ending balance: individually evaluated for impairment			1,263				625				843				90						2,821
Ending balance: collectively evaluated for impairment			954				2,355				3,066				1,297						7,672
Ending balance: loans acquired with deteriorated credit quality		$	203			$	107			$				$						$	310
Loans receivable:
Ending balance		$	319,468			$	522,432			$	305,663			$	89,605					$	1,237,168
Ending balance: individually evaluated for impairment			2,631				4,757				3,853				101						11,342
Ending balance: collectively evaluated for impairment			315,524				516,295				301,752			$	89,504						1,223,075
Ending balance: loans acquired with deteriorated credit quality		$	1,313			$	1,380			$	58									$	2,751

						Real estate
December 31, 2014		Commercial				Commercial				Residential				Consumer				Unallocated		Total
Allowance for loan losses:
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

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 March 31, 2015 and December 31, 2014:

March 31, 2015:		Pass				Special Mention				Substandard				Doubtful		Total
Commercial		$	307,690			$	6,802			$	4,976					$	319,468
Real estate:
Commercial			503,620				9,885				8,927						522,432
Residential			296,500				1,065				8,098						305,663
Consumer			89,504								101						89,605
Total		$	1,197,314			$	17,752			$	22,102					$	1,237,168

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

Information Concerning Nonaccrual Loans by Major Loan Classification

Information concerning nonaccrual loans by major loan classification at March 31, 2015 and December 31, 2014 is summarized as follows:

		March 31, 2015				December 31, 2014
Commercial		$	2,366			$	1,322
Real estate:
Commercial			3,781				3,732
Residential			3,331				3,523
Consumer			97				122
Total		$	9,575			$	8,699

Major Classifications of Loans by Past Due Status

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

March 31, 2015		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		$	543			$	43			$	2,366			$	2,952			$	316,516			$	319,468
Real estate:
Commercial			1,689				220				3,781				5,690				516,742				522,432
Residential			3,811				1,065				4,106				8,982				296,681				305,663			$	775
Consumer			679				170				559				1,408				88,197				89,605				462
Total		$	6,722			$	1,498			$	10,812			$	19,032			$	1,218,136			$	1,237,168			$	1,237

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

Summarize Information in Concerning to Impaired Loans

The following tables summarize information concerning impaired loans at and for the period ended March 31, 2015, December 31, 2014 and March 31, 2014, by major loan classification:

														For the Quarter Ended
March 31, 2015		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
With no related allowance:
Commercial		$	2,319			$	3,900							$	2,349			$	20
Real estate:
Commercial			2,198				2,936								2,565				19
Residential			2,272				2,456								2,472				1
Consumer			11				11								47
Total			6,800				9,303								7,433				40
With an allowance recorded:
Commercial			1,625				1,625			$	1,466				1,597			$	14
Real estate:
Commercial			3,939				3,939				732				3,732				17
Residential			1,639				1,639				843				1,513				10
Consumer			90				90				90				67
Total			7,293				7,293				3,131				6,909				41
Commercial			3,944				5,525				1,466				3,946				34
Real estate:
Commercial			6,137				6,875				732				6,297				36
Residential			3,911				4,095				843				3,985				11
Consumer			101				101				90				114
Total		$	14,093			$	16,596			$	3,131			$	14,342			$	81

														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 Quarter Ended
March 31, 2014		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
With no related allowance:
Commercial		$	2,008			$	4,762							$	3,493
Real estate:
Commercial			9,958				12,746								10,227
Residential			2,740				3,144								2,872
Consumer			128				128								109
Total			14,834				20,780								16,701
With an allowance recorded:
Commercial			1,728				1,728			$	1,128				1,964			$	26
Real estate:
Commercial			1,404				1,404				542				1,399				18
Residential			261				261				162				523
Consumer
Total			3,393				3,393				1,832				3,886				44
Commercial			3,736				6,490				1,128				5,457				26
Real estate:
Commercial			11,362				14,150				542				11,626				18
Residential			3,001				3,405				162				3,395
Consumer			128				128								109
Total		$	18,227			$	24,173			$	1,832			$	20,587			$	44

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- 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.

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

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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.

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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.

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