v3.8.0.1

Allowance for Loan Losses | 12 Months Ended
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Dec. 31, 2017
Receivables [Abstract] |
Allowance for Loan Losses | NOTE 6: ALLOWANCE FOR LOAN LOSSES The following is a rollforward of the Bank’s allowance for loan losses for the years ended December 31:
(dollars in thousands) |  | Beginning Balance |  |  | Provision for Loan Losses |  |  | Charge-offs |  |  | Recoveries |  |  | Ending Balance |
2017: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential properties |  | $ | 6,669 |  |  | $ | 3,046 |  |  | $ | — |  |  | $ | — |  |  | $ | 9,715 |
Commercial properties |  |  | 2,983 |  |  |  | 1,416 |  |  |  | — |  |  |  | — |  |  |  | 4,399 |
Land and construction |  |  | 233 |  |  |  | 162 |  |  |  | — |  |  |  | — |  |  |  | 395 |
Commercial and industrial loans |  |  | 5,227 |  |  |  | (1,841 | ) |  |  | — |  |  |  | 238 |  |  |  | 3,624 |
Consumer loans |  |  | 288 |  |  |  | (21 | ) |  |  | — |  |  |  | — |  |  |  | 267 |
Total |  | $ | 15,400 |  |  | $ | 2,762 |  |  | $ | — |  |  | $ | 238 |  |  | $ | 18,400 |
2016: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential properties |  | $ | 6,799 |  |  | $ | (130 | ) |  | $ | — |  |  | $ | — |  |  | $ | 6,669 |
Commercial properties |  |  | 1,813 |  |  |  | 1,051 |  |  |  | (50 | ) |  |  | 169 |  |  |  | 2,983 |
Land and construction |  |  | 103 |  |  |  | 130 |  |  |  | — |  |  |  | — |  |  |  | 233 |
Commercial and industrial loans |  |  | 1,649 |  |  |  | 3,578 |  |  |  | — |  |  |  | — |  |  |  | 5,227 |
Consumer loans |  |  | 236 |  |  |  | 52 |  |  |  | — |  |  |  | — |  |  |  | 288 |
Total |  | $ | 10,600 |  |  | $ | 4,681 |  |  | $ | (50 | ) |  | $ | 169 |  |  | $ | 15,400 |
2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential properties |  | $ | 6,546 |  |  | $ | 253 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,799 |
Commercial properties |  |  | 1,499 |  |  |  | 624 |  |  |  | (310 | ) |  |  | — |  |  |  | 1,813 |
Land and construction |  |  | 67 |  |  |  | 36 |  |  |  | — |  |  |  | — |  |  |  | 103 |
Commercial and industrial loans |  |  | 1,897 |  |  |  | 1,665 |  |  |  | (1,913 | ) |  |  | — |  |  |  | 1,649 |
Consumer loans |  |  | 141 |  |  |  | 95 |  |  |  | — |  |  |  | — |  |  |  | 236 |
Total |  | $ | 10,150 |  |  | $ | 2,673 |  |  | $ | (2,223 | ) |  | $ | — |  |  | $ | 10,600 |
The following table presents the balance in the allowance for loan losses and the recorded investment in loans by impairment method as of December 31:
(dollars in thousands) |  | Allowance for Loan Losses |  |  | Unaccreted Credit Component Other Loans |
|  | Evaluated for Impairment |  |  | Purchased Impaired |  |  | Total |  |  |
|  | Individually |  |  | Collectively |  |  |  |  |  |  |
2017: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential properties |  | $ | — |  |  | $ | 9,715 |  |  | $ | — |  |  | $ | 9,715 |  |  | $ | 248 |
Commercial properties |  |  | — |  |  |  | 4,399 |  |  |  | — |  |  |  | 4,399 |  |  |  | 1,449 |
Land |  |  | — |  |  |  | 395 |  |  |  | — |  |  |  | 395 |  |  |  | 4 |
Commercial and industrial loans |  |  | 909 |  |  |  | 2,715 |  |  |  | — |  |  |  | 3,624 |  |  |  | 1,204 |
Consumer loans |  |  | — |  |  |  | 267 |  |  |  | — |  |  |  | 267 |  |  |  | 100 |
Total |  | $ | 909 |  |  | $ | 17,491 |  |  | $ | — |  |  | $ | 18,400 |  |  | $ | 3,005 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential properties |  | $ | — |  |  | $ | 2,581,245 |  |  | $ | — |  |  | $ | 2,581,245 |  |  | $ | 26,605 |
Commercial properties |  |  | 4,037 |  |  |  | 691,632 |  |  |  | 1,079 |  |  |  | 696,748 |  |  |  | 168,057 |
Land |  |  | — |  |  |  | (837 | ) |  |  | 837 |  |  |  | 37,160 |  |  |  | 167 |
Commercial and industrial loans |  |  | 9,399 |  |  |  | 299,539 |  |  |  | 1,841 |  |  |  | 310,779 |  |  |  | 62,849 |
Consumer loans |  |  | — |  |  |  | 29,330 |  |  |  | — |  |  |  | 29,330 |  |  |  | 2,899 |
Total |  | $ | 13,436 |  |  | $ | 3,600,909 |  |  | $ | 3,757 |  |  | $ | 3,655,262 |  |  | $ | 260,577 |
2016: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential properties |  | $ | — |  |  | $ | 6,669 |  |  | $ | — |  |  | $ | 6,669 |  |  | $ | 128 |
Commercial properties |  |  | — |  |  |  | 2,983 |  |  |  | — |  |  |  | 2,983 |  |  |  | 136 |
Land |  |  | — |  |  |  | 233 |  |  |  | — |  |  |  | 233 |  |  |  | 2 |
Commercial and industrial loans |  |  | — |  |  |  | 5,227 |  |  |  | — |  |  |  | 5,227 |  |  |  | 147 |
Consumer loans |  |  | — |  |  |  | 288 |  |  |  | — |  |  |  | 288 |  |  |  | 19 |
Total |  | $ | — |  |  | $ | 15,400 |  |  | $ | — |  |  | $ | 15,400 |  |  | $ | 432 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential properties |  | $ | 6,093 |  |  | $ | 1,774,796 |  |  | $ | — |  |  | $ | 1,780,889 |  |  | $ | 12,373 |
Commercial properties |  |  | 2,148 |  |  |  | 474,634 |  |  |  | 177 |  |  |  | 476,959 |  |  |  | 24,796 |
Land |  |  | — |  |  |  | 24,100 |  |  |  | — |  |  |  | 24,100 |  |  |  | 437 |
Commercial and industrial loans |  |  | 753 |  |  |  | 233,992 |  |  |  | 3,196 |  |  |  | 237,941 |  |  |  | 20,165 |
Consumer loans |  |  | — |  |  |  | 32,127 |  |  |  | — |  |  |  | 32,127 |  |  |  | 1,266 |
Total |  | $ | 8,994 |  |  | $ | 2,539,649 |  |  | $ | 3,373 |  |  | $ | 2,552,016 |  |  | $ | 59,037 |
The column labeled “Unaccreted Credit Component Other Loans” represents the amount of unaccreted credit component discount for the other loans acquired in a business combination, and the stated principal balance of the related loans. The discount is equal to 1.15% and 0.73% of the stated principal balance of these loans as of December 31, 2017 and 2016, respectively. In addition to this unaccreted credit component discount, an additional $0.2 million and $0.5 million of the ALLL was provided for these loans as of December 31, 2017 and 2016, respectively. The Bank categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, collateral adequacy, credit documentation, and current economic trends, among other factors. The Bank analyzes loans individually by classifying the loans as to credit risk. This analysis typically includes larger, non-homogeneous loans such as loans secured by multifamily or commercial real estate and commercial and industrial loans. This analysis is performed on an ongoing basis as new information is obtained. The Bank uses the following definitions for risk ratings: Pass: Loans classified as pass are strong credits with no existing or known potential weaknesses deserving of management’s close attention. Special Mention: Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard: Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Impaired: A loan is considered impaired, when, based on current information and events, it is probable that the Bank will be unable to collect all amounts due according to the contractual terms of the loan agreement. Additionally, all loans classified as troubled debt restructurings (“TDRs”) are considered impaired. Purchased credit impaired loans are not considered impaired loans for these purposes. Loans listed as pass include larger non-homogeneous loans not meeting the risk rating definitions above and smaller, homogeneous loans not assessed on an individual basis. Based on the most recent analysis performed, the risk category of loans by class of loans is as follows as of December 31:
(dollars in thousands) |  | Pass |  |  | Special Mention |  |  | Substandard |  |  | Impaired |  |  | Total |
2017: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential properties |  | $ | 2,578,773 |  |  | $ | 192 |  |  | $ | 2,280 |  |  | $ | — |  |  | $ | 2,581,245 |
Commercial properties |  |  | 680,449 |  |  |  | 6,326 |  |  |  | 5,936 |  |  |  | 4,037 |  |  |  | 696,748 |
Land |  |  | 36,321 |  |  |  | — |  |  |  | 839 |  |  |  | — |  |  |  | 37,160 |
Commercial and industrial loans |  |  | 298,408 |  |  |  | 865 |  |  |  | 2,107 |  |  |  | 9,399 |  |  |  | 310,779 |
Consumer loans |  |  | 29,330 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 29,330 |
Total |  | $ | 3,623,281 |  |  | $ | 7,383 |  |  | $ | 11,162 |  |  | $ | 13,436 |  |  | $ | 3,655,262 |
2016: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential properties |  | $ | 1,773,296 |  |  | $ | 1,500 |  |  | $ | — |  |  | $ | 6,093 |  |  | $ | 1,780,889 |
Commercial properties |  |  | 470,484 |  |  |  | 1,913 |  |  |  | 2,414 |  |  |  | 2,148 |  |  |  | 476,959 |
Land |  |  | 24,100 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 24,100 |
Commercial and industrial loans |  |  | 219,676 |  |  |  | 3,625 |  |  |  | 13,887 |  |  |  | 753 |  |  |  | 237,941 |
Consumer loans |  |  | 32,127 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 32,127 |
Total |  | $ | 2,519,683 |  |  | $ | 7,038 |  |  | $ | 16,301 |  |  | $ | 8,994 |  |  | $ | 2,552,016 |
Impaired loans evaluated individually and any related allowance is as follows as of December 31:
|  | With No Allowance Recorded |  |  | With an Allowance Recorded |
(dollars in thousands) |  | Unpaid Principal Balance |  |  | Recorded Investment |  |  | Unpaid Principal Balance |  |  | Recorded Investment |  |  | Related Allowance |
2017: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential properties |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Commercial properties |  |  | 4,037 |  |  |  | 4,037 |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial loans |  |  | 250 |  |  |  | 250 |  |  |  | 9,149 |  |  |  | 9,149 |  |  |  | 909 |
Consumer loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 4,287 |  |  | $ | 4,287 |  |  | $ | 9,149 |  |  | $ | 9,149 |  |  | $ | 909 |
2016: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential properties |  | $ | 6,093 |  |  | $ | 6,093 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Commercial properties |  |  | 2,148 |  |  |  | 2,148 |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial loans |  |  | 753 |  |  |  | 753 |  |  |  | — |  |  |  | — |  |  |  | — |
Consumer loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 8,994 |  |  | $ | 8,994 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
The weighted average annualized average balance of the recorded investment for impaired loans, beginning from when the loan became impaired, and any interest income recorded on impaired loans after they became impaired is as follows for the years ending December 31:
|  | 2017 |  |  | 2016 |  |  | 2015 |
(dollars in thousands) |  | Average Recorded Investment |  |  | Interest Income after Impairment |  |  | Average Recorded Investment |  |  | Interest Income after Impairment |  |  | Average Recorded Investment |  |  | Interest Income after Impairment |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential properties |  | $ | 1,323 |  |  | $ | 20 |  |  | $ | 1,970 |  |  | $ | 14 |  |  | $ | 27 |  |  | $ | 2 |
Commercial properties |  |  | 2,403 |  |  |  | 50 |  |  |  | 2,252 |  |  |  | 17 |  |  |  | 6,487 |  |  |  | 281 |
Commercial and industrial loans |  |  | 5,503 |  |  |  | 5 |  |  |  | 1,673 |  |  |  | 20 |  |  |  | 7,850 |  |  |  | 394 |
Consumer loans |  |  | — |  |  |  | — |  |  |  | 4 |  |  |  | — |  |  |  | 105 |  |  |  | — |
Total |  | $ | 9,229 |  |  | $ | 75 |  |  | $ | 5,899 |  |  | $ | 51 |  |  | $ | 14,469 |  |  | $ | 677 |
There was no interest income recognized on a cash basis in either 2017 or 2016 on impaired loans.

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- Definition The entire disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -URI http://asc.fasb.org/topic&trid=2196771 + Details
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- References No definition available. + Details
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