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Loans, net and allowance for loan losses (Tables)

6 Months Ended

Jun. 30, 2015

Receivables [Abstract]

Major Classifications of Loans Outstanding

The major classifications of loans outstanding, net of deferred loan origination fees and costs at June 30, 2015 and December 31, 2014 are summarized as follows. Net deferred loan costs were $700 and $651 at June 30, 2015 and December 31, 2014.

		June 30, 2015				December 31, 2014
Commercial		$	322,418			$	319,590
Real estate:
Commercial			511,835				493,481
Residential			312,567				310,667
Consumer			84,721				86,156
Total		$	1,231,541			$	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 and six months ended June 30, 2015 and 2014 are summarized as follows:

						Real estate
June 30, 2015		Commercial				Commercial				Residential				Consumer				Total
Allowance for loan losses:
Beginning Balance April 1, 2015		$	2,420			$	3,087			$	3,909			$	1,387			$	10,803
Charge-offs			(3	)			(30	)			(35	)			(106	)			(174	)
Recoveries			3				5				3				38				49
Provisions			15				128				150				457				750
Ending balance		$	2,435			$	3,190			$	4,027			$	1,776			$	11,428
						Real estate
June 30, 2015		Commercial				Commercial				Residential				Consumer				Total
Allowance for loan losses:
Beginning Balance January 1, 2015		$	2,321			$	3,037			$	3,690			$	1,290			$	10,338
Charge-offs			(40	)			(79	)			(234	)			(186	)			(539	)
Recoveries			64				6				8				51				129
Provisions			90				226				563				621				1,500
Ending balance		$	2,435			$	3,190			$	4,027			$	1,776			$	11,428

						Real estate
June 30, 2014		Commercial				Commercial				Residential				Consumer				Total
Allowance for loan losses:
Beginning Balance April 1, 2014		$	1,961			$	2,473			$	3,248			$	1,177			$	8,859
Charge-offs			(29	)			(404	)			(270	)			(87	)			(790	)
Recoveries			1				269				35				47				352
Provisions			268				337				445				151				1,201
Ending balance		$	2,201			$	2,675			$	3,458			$	1,288			$	9,622
						Real estate
June 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	)			(432	)			(510	)			(155	)			(1,473	)
Recoveries			1				269				38				78				386
Provisions			568				444				795				251				2,058
Ending balance		$	2,201			$	2,675			$	3,458			$	1,288			$	9,622

The allocation of the allowance for loan losses and the related loans by major classifications of loans at June 30, 2015 and December 31, 2014 is summarized as follows:

						Real estate
June 30, 2015		Commercial				Commercial				Residential				Consumer				Unallocated				Total
Allowance for loan losses:
Ending balance		$	2,435			$	3,190			$	4,027			$	1,776			$				$	11,428
Ending balance: individually evaluated for impairment			1,209				1,338				796				137								3,480
Ending balance: collectively evaluated for impairment			1,226				1,745				3,231				1,639								7,841
Ending balance: loans acquired with deteriorated credit quality		$				$	107			$				$								$	107
Loans receivable:
Ending balance		$	322,418			$	511,835			$	312,567			$	84,721			$				$	1,231,541
Ending balance: individually evaluated for impairment			1,948				6,080				4,385				137								12,550
Ending balance: collectively evaluated for impairment			319,448				504,379				308,127			$	84,584								1,216,538
Ending balance: loans acquired with deteriorated credit quality		$	1,022			$	1,376			$	55							$				$	2,453

						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 June 30, 2015 and December 31, 2014:

June 30, 2015		Pass				Special Mention				Substandard				Doubtful				Total
Commercial		$	309,696			$	6,171			$	6,551			$				$	322,418
Real estate:
Commercial			486,289				13,280				12,266								511,835
Residential			301,962				1,865				8,740								312,567
Consumer			84,583								138								84,721
Total		$	1,182,530			$	21,316			$	27,695			$				$	1,231,541
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 June 30, 2015 and December 31, 2014 is summarized as follows:

		June 30, 2015				December 31, 2014
Commercial		$	1,499			$	1,322
Real estate:
Commercial			3,468				3,732
Residential			3,881				3,523
Consumer			135				122
Total		$	8,983			$	8,699

Major Classifications of Loans by Past Due Status

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

June 30, 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		$	426			$	61			$	1,499			$	1,986			$	320,432			$	322,418
Real estate:
Commercial			3,000				205				3,468				6,673				505,162				511,835
Residential			1,098				1,708				4,611				7,417				305,150				312,567			$	730
Consumer			654				232				477				1,363				83,358				84,721				342
Total		$	5,178			$	2,206			$	10,055			$	17,439			$	1,214,102			$	1,231,541			$	1,072
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 as of and for the three and six months ended June 30, 2015 and June 30, 2014, and as of and for the year ended, December 31, 2014 by major loan classification:

														This Quarter								Year-to-Date
June 30, 2015		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized				Average Recorded Investment				Interest Income Recognized
With no related allowance:
Commercial		$	1,658			$	3,184							$	1,989			$	17			$	2,168			$	37
Real estate:
Commercial			2,140				2,852								2,169				28				2,366				47
Residential			2,734				2,917								2,503				1				2,488				2
Consumer															6								26
Total			6,532				8,953								6,667				46				7,048				86
With an allowance recorded:
Commercial			1,312				1,312			$	1,209				1,469				13				1,533				27
Real estate:
Commercial			5,316				5,316				1,445				4,628				48				4,182				65
Residential			1,706				1,706				796				1,673				7				1,593				17
Consumer			137				137				137				114								91
Total			8,471				8,471				3,587				7,884				68				7,399				109
Commercial			2,970				4,496				1,209				3,458				30				3,701				64
Real estate:
Commercial			7,456				8,168				1,445				6,797				76				6,548				112
Residential			4,440				4,623				796				4,176				8				4,081				19
Consumer			137				137				137				120								117
Total		$	15,003			$	17,424			$	3,587			$	14,551			$	114			$	14,447			$	195

														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

														This Quarter								Year-to-Date
June 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		$	2,649			$	4,470							$	2,329			$	28			$	2,908			$	52
Real estate:
Commercial			9,899				12,619								9,929				19				10,077				38
Residential			2,720				2,908								2,730				1				2,801				2
Consumer			97				97								113								111
Total			15,365				20,094								15,101				48				15,897				92
With an allowance recorded:
Commercial			1,757				1,757			$	1,157				1,743				23				1,853				43
Real estate:
Commercial			1,387				1,387				527				1,395				14				1,397				29
Residential			257				257				162				259								390
Consumer
Total			3,401				3,401				1,846				3,397				37				3,640				72
Commercial			4,406				6,227				1,157				4,072				51				4,761				95
Real estate:
Commercial			11,286				14,006				527				11,324				33				11,474				67
Residential			2,977				3,165				162				2,989				1				3,191				2
Consumer			97				97								113								111
Total		$	18,766			$	23,495			$	1,846			$	18,498			$	85			$	19,537			$	164

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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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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 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.

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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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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.

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