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Allowance for Loan and Lease Losses (Tables) | 6 Months Ended
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Jun. 30, 2012
Impaired Loans | Balances are shown by loan type, and are further broken out by those that required an allowance and those that did not, with the associated allowance disclosed for those that required such. Included in the valuation allowance for impaired loans shown in the tables below are specific reserves allocated to TDR’s, totaling $4.669 million at June 30, 2012 and $3.635 million at December 31, 2011.
Impaired Loans |  | June 30, 2012 |
(dollars in thousands, unaudited) |  | Unpaid Principal Balance(1) |  |  | Recorded Investment(2) |  |  | Related Allowance |  |  | Average Recorded Investment |  |  | Interest Income Recognized(3) |
With an Allowance Recorded |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1-4 family residential construction |  | $ | 352 |  |  | $ | 352 |  |  | $ | 46 |  |  | $ | 352 |  |  | $ | - |
Other Construction/Land |  |  | 13,520 |  |  |  | 10,674 |  |  |  | 1,702 |  |  |  | 10,694 |  |  |  | 169 |
1-4 Family - closed-end |  |  | 10,862 |  |  |  | 10,834 |  |  |  | 880 |  |  |  | 10,862 |  |  |  | 158 |
Equity Lines |  |  | 377 |  |  |  | 377 |  |  |  | 131 |  |  |  | 377 |  |  |  | 3 |
Multifamily residential |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Commercial RE- owner occupied |  |  | 3,613 |  |  |  | 3,613 |  |  |  | 873 |  |  |  | 3,628 |  |  |  | 41 |
Commercial RE- non-owner occupied |  |  | 12,060 |  |  |  | 12,060 |  |  |  | 1,941 |  |  |  | 12,835 |  |  |  | 173 |
Farmland |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total Real Estate |  |  | 40,784 |  |  |  | 37,910 |  |  |  | 5,573 |  |  |  | 38,748 |  |  |  | 544 |
Agriculture |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Commercial and Industrial |  |  | 2,137 |  |  |  | 2,137 |  |  |  | 498 |  |  |  | 2,199 |  |  |  | 22 |
Small Business Administration |  |  | 3,472 |  |  |  | 3,472 |  |  |  | 1,055 |  |  |  | 3,472 |  |  |  | 26 |
Direct finance leases |  |  | 322 |  |  |  | 322 |  |  |  | 159 |  |  |  | 322 |  |  |  | - |
Consumer loans |  |  | 3,425 |  |  |  | 3,425 |  |  |  | 386 |  |  |  | 3,473 |  |  |  | 69 |
|  |  | 50,140 |  |  |  | 47,266 |  |  |  | 7,671 |  |  |  | 48,214 |  |  |  | 661 |
With no Related Allowance Recorded |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1-4 family residential construction |  | $ | 4,350 |  |  | $ | 1,622 |  |  | $ | - |  |  | $ | 1,654 |  |  | $ | - |
Other Construction/Land |  |  | 785 |  |  |  | 501 |  |  |  | - |  |  |  | 625 |  |  |  | 7 |
1-4 Family - closed-end |  |  | 9,061 |  |  |  | 8,778 |  |  |  | - |  |  |  | 8,807 |  |  |  | 51 |
Equity Lines |  |  | 393 |  |  |  | 393 |  |  |  | - |  |  |  | 398 |  |  |  | 1 |
Multifamily residential |  |  | 2,389 |  |  |  | 1,780 |  |  |  | - |  |  |  | 1,780 |  |  |  | - |
Commercial RE- owner occupied |  |  | 6,141 |  |  |  | 5,685 |  |  |  | - |  |  |  | 6,107 |  |  |  | 60 |
Commercial RE- non-owner occupied |  |  | 12,052 |  |  |  | 11,901 |  |  |  | - |  |  |  | 11,938 |  |  |  | 333 |
Farmland |  |  | 1,953 |  |  |  | 1,953 |  |  |  | - |  |  |  | 1,963 |  |  |  | - |
Total Real Estate |  |  | 37,124 |  |  |  | 32,613 |  |  |  | - |  |  |  | 33,272 |  |  |  | 452 |
Agriculture |  |  | 1,676 |  |  |  | 1,676 |  |  |  | - |  |  |  | 1,662 |  |  |  | - |
Commercial and Industrial |  |  | 702 |  |  |  | 668 |  |  |  | - |  |  |  | 679 |  |  |  | 1 |
Small Business Administration |  |  | 227 |  |  |  | 227 |  |  |  | - |  |  |  | 227 |  |  |  | - |
Direct finance leases |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Consumer loans |  |  | 753 |  |  |  | 753 |  |  |  | - |  |  |  | 773 |  |  |  | 15 |
|  |  | 40,482 |  |  |  | 35,937 |  |  |  | - |  |  |  | 36,613 |  |  |  | 468 |
Total |  | $ | 90,622 |  |  | $ | 83,203 |  |  | $ | 7,671 |  |  | $ | 84,827 |  |  | $ | 1,129 |
(1)Contractual principal balance due from customer.
(2)Principal balance on Company's books, less any direct charge offs.
(3)Interest income is recognized on performing balances on a regular accrual basis.
|  | December 31, 2011 |
|  | Unpaid Principal Balance(1) |  |  | Recorded Investment(2) |  |  | Related Allowance |  |  | Average Recorded Investment |  |  | Interest Income Recognized(3) |
With an Allowance Recorded |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1-4 family residential construction |  | $ | 188 |  |  | $ | 188 |  |  | $ | 13 |  |  | $ | 188 |  |  | $ | - |
Other Construction/Land |  |  | 3,477 |  |  |  | 2,906 |  |  |  | 735 |  |  |  | 2,925 |  |  |  | 89 |
1-4 Family - closed-end |  |  | 8,086 |  |  |  | 8,057 |  |  |  | 821 |  |  |  | 8,071 |  |  |  | 222 |
Equity Lines |  |  | 1,072 |  |  |  | 1,072 |  |  |  | 243 |  |  |  | 1,069 |  |  |  | - |
Multifamily residential |  |  | 2,941 |  |  |  | 2,941 |  |  |  | 850 |  |  |  | 2,950 |  |  |  | - |
Commercial RE- owner occupied |  |  | 3,628 |  |  |  | 3,628 |  |  |  | 834 |  |  |  | 3,645 |  |  |  | 24 |
Commercial RE- non-owner occupied |  |  | 17,454 |  |  |  | 17,454 |  |  |  | 1,733 |  |  |  | 17,842 |  |  |  | 274 |
Farmland |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total Real Estate |  |  | 36,846 |  |  |  | 36,246 |  |  |  | 5,229 |  |  |  | 36,690 |  |  |  | 609 |
Agriculture |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Commercial and Industrial |  |  | 4,135 |  |  |  | 4,106 |  |  |  | 1,481 |  |  |  | 4,197 |  |  |  | 24 |
Small Business Administration |  |  | 3,902 |  |  |  | 3,903 |  |  |  | 1,212 |  |  |  | 3,903 |  |  |  | 2 |
Direct finance leases |  |  | 591 |  |  |  | 591 |  |  |  | 291 |  |  |  | 591 |  |  |  | - |
Consumer loans |  |  | 3,896 |  |  |  | 3,858 |  |  |  | 541 |  |  |  | 3,920 |  |  |  | 56 |
|  |  | 49,370 |  |  |  | 48,704 |  |  |  | 8,754 |  |  |  | 49,301 |  |  |  | 691 |
With no Related Allowance Recorded |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1-4 family residential construction |  | $ | 4,784 |  |  | $ | 2,056 |  |  | $ | - |  |  | $ | 2,069 |  |  | $ | - |
Other Construction/Land |  |  | 11,740 |  |  |  | 9,081 |  |  |  | - |  |  |  | 9,326 |  |  |  | 193 |
1-4 Family - closed-end |  |  | 12,467 |  |  |  | 12,203 |  |  |  | - |  |  |  | 12,250 |  |  |  | 101 |
Equity Lines |  |  | 307 |  |  |  | 307 |  |  |  | - |  |  |  | 318 |  |  |  | - |
Multifamily residential |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Commercial RE- owner occupied |  |  | 6,049 |  |  |  | 6,030 |  |  |  | - |  |  |  | 6,136 |  |  |  | 17 |
Commercial RE- non-owner occupied |  |  | 11,818 |  |  |  | 11,666 |  |  |  | - |  |  |  | 12,033 |  |  |  | 190 |
Farmland |  |  | 7,468 |  |  |  | 6,919 |  |  |  | - |  |  |  | 6,956 |  |  |  | - |
Total Real Estate |  |  | 54,633 |  |  |  | 48,262 |  |  |  | - |  |  |  | 49,088 |  |  |  | 501 |
Agriculture |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Commercial and Industrial |  |  | 916 |  |  |  | 915 |  |  |  | - |  |  |  | 965 |  |  |  | 11 |
Small Business Administration |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Direct finance leases |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Consumer loans |  |  | 448 |  |  |  | 448 |  |  |  | - |  |  |  | 462 |  |  |  | 11 |
|  |  | 55,997 |  |  |  | 49,625 |  |  |  | - |  |  |  | 50,515 |  |  |  | 523 |
Total |  | $ | 105,367 |  |  | $ | 98,329 |  |  | $ | 8,754 |  |  | $ | 99,816 |  |  | $ | 1,214 |
(1)Contractual principal balance due from customer.
(2)Principal balance on Company's books, less any direct charge offs.
(3)Interest income is recognized on performing balances on a regular accrual basis.
Impaired Loans, Condensed Information Impaired Loans | Similar but condensed information as of the dates noted is provided in the following table:
Impaired Loans
(dollars in thousands, unaudited)
|  | June 30, 2012 |  |  | December 31, 2011 |
Impaired loans without a valuation allowance |  | $ | 35,937 |  |  | $ | 49,625 |
Impaired loans with a valuation allowance |  |  | 47,266 |  |  |  | 48,704 |
Total impaired loans (1) |  | $ | 83,203 |  |  | $ | 98,329 |
Valuation allowance related to impaired loans |  | $ | 7,671 |  |  | $ | 8,754 |
Total non-accrual loans |  | $ | 36,715 |  |  | $ | 56,110 |
Total loans past-due ninety days or more and still accruing |  | $ | - |  |  | $ | 48 |
(1) Principal balance on Company's books less any direct charge-off
Allowance for Credit Losses and Recorded Investment in Financing Receivables |
Allowance for Credit Losses and Recorded Investment in Financing Receivables
(dollars in thousands, unaudited) |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | For the Three Months-Ended June 30, 2012 |
|  | Real Estate |  |  | Agricultural Products |  |  | Commercial and Industrial |  |  | Small Business Administration |  |  | Direct Finance Leases |  |  | Consumer |  |  | Total |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance |  | $ | 9,900 |  |  | $ | 18 |  |  | $ | 3,703 |  |  | $ | 1,397 |  |  | $ | 174 |  |  | $ | 2,216 |  |  | $ | 17,408 |
Charge-offs |  |  | (4,446 | ) |  |  | - |  |  |  | (1,449 | ) |  |  | (332 | ) |  |  | - |  |  |  | (722 | ) |  |  | (6,949 | )
Recoveries |  |  | 57 |  |  |  | - |  |  |  | 67 |  |  |  | 47 |  |  |  | - |  |  |  | 73 |  |  |  | 244 |
Provision |  |  | 2,415 |  |  |  | - |  |  |  | 598 |  |  |  | 53 |  |  |  | 38 |  |  |  | 56 |  |  |  | 3,160 |
Ending Balance |  | $ | 7,926 |  |  | $ | 18 |  |  | $ | 2,919 |  |  | $ | 1,165 |  |  | $ | 212 |  |  | $ | 1,623 |  |  | $ | 13,863 |
|  | For the Six Months-Ended June 30, 2012 |
|  | Real Estate |  |  | Agricultural Products |  |  | Commercial and Industrial |  |  | Small Business Administration |  |  | Direct Finance Leases |  |  | Consumer |  |  | Total |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance |  | $ | 8,260 |  |  | $ | 19 |  |  | $ | 4,638 |  |  | $ | 1,447 |  |  | $ | 311 |  |  | $ | 2,608 |  |  | $ | 17,283 |
Charge-offs |  |  | (5,400 | ) |  |  | - |  |  |  | (2,540 | ) |  |  | (418 | ) |  |  | (198 | ) |  |  | (1,347 | ) |  |  | (9,903 | )
Recoveries |  |  | 188 |  |  |  | - |  |  |  | 192 |  |  |  | 47 |  |  |  | - |  |  |  | 146 |  |  |  | 573 |
Provision |  |  | 4,878 |  |  |  | (1 | ) |  |  | 629 |  |  |  | 89 |  |  |  | 99 |  |  |  | 216 |  |  |  | 5,910 |
Ending Balance |  | $ | 7,926 |  |  | $ | 18 |  |  | $ | 2,919 |  |  | $ | 1,165 |  |  | $ | 212 |  |  | $ | 1,623 |  |  | $ | 13,863 |
Reserves: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specific |  | $ | 5,573 |  |  | $ | - |  |  | $ | 498 |  |  | $ | 1,055 |  |  | $ | 159 |  |  | $ | 386 |  |  | $ | 7,671 |
General |  |  | 2,353 |  |  |  | 18 |  |  |  | 2,421 |  |  |  | 110 |  |  |  | 53 |  |  |  | 1,237 |  |  |  | 6,192 |
Ending Balance |  | $ | 7,926 |  |  | $ | 18 |  |  | $ | 2,919 |  |  | $ | 1,165 |  |  | $ | 212 |  |  | $ | 1,623 |  |  | $ | 13,863 |
Loans evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually |  | $ | 70,523 |  |  | $ | 1,676 |  |  | $ | 2,805 |  |  | $ | 3,699 |  |  | $ | 322 |  |  | $ | 4,178 |  |  | $ | 83,203 |
Collectively |  |  | 483,969 |  |  |  | 17,556 |  |  |  | 183,361 |  |  |  | 16,968 |  |  |  | 4,922 |  |  |  | 27,621 |  |  |  | 734,397 |
Ending Balance |  | $ | 554,492 |  |  | $ | 19,232 |  |  | $ | 186,166 |  |  | $ | 20,667 |  |  | $ | 5,244 |  |  | $ | 31,799 |  |  | $ | 817,600 |
|  | For the Year Ended December 31, 2011 |
|  | Real Estate |  |  | Agricultural Products |  |  | Commercial and Industrial |  |  | Small Business Administration |  |  | Direct Finance Leases |  |  | Consumer |  |  | Total |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance |  | $ | 10,143 |  |  | $ | 62 |  |  | $ | 6,379 |  |  | $ | 1,274 |  |  | $ | 284 |  |  | $ | 2,996 |  |  | $ | 21,138 |
Charge-offs |  |  | (10,596 | ) |  |  | - |  |  |  | (3,407 | ) |  |  | (148 | ) |  |  | (82 | ) |  |  | (2,754 | ) |  |  | (16,987 | )
Recoveries |  |  | 418 |  |  |  | - |  |  |  | 323 |  |  |  | 71 |  |  |  | 57 |  |  |  | 263 |  |  |  | 1,132 |
Provision |  |  | 8,295 |  |  |  | (43 | ) |  |  | 1,343 |  |  |  | 250 |  |  |  | 52 |  |  |  | 2,103 |  |  |  | 12,000 |
Ending Balance |  | $ | 8,260 |  |  | $ | 19 |  |  | $ | 4,638 |  |  | $ | 1,447 |  |  | $ | 311 |  |  | $ | 2,608 |  |  | $ | 17,283 |
Reserves: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specific |  | $ | 5,229 |  |  | $ | - |  |  | $ | 1,481 |  |  | $ | 1,212 |  |  | $ | 291 |  |  | $ | 541 |  |  | $ | 8,754 |
General |  |  | 3,031 |  |  |  | 19 |  |  |  | 3,157 |  |  |  | 235 |  |  |  | 20 |  |  |  | 2,067 |  |  |  | 8,529 |
Ending Balance |  | $ | 8,260 |  |  | $ | 19 |  |  | $ | 4,638 |  |  | $ | 1,447 |  |  | $ | 311 |  |  | $ | 2,608 |  |  | $ | 17,283 |
Loans evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually |  | $ | 84,508 |  |  | $ | - |  |  | $ | 5,021 |  |  | $ | 3,903 |  |  | $ | 591 |  |  | $ | 4,306 |  |  | $ | 98,329 |
Collectively |  |  | 492,724 |  |  |  | 17,078 |  |  |  | 94,387 |  |  |  | 17,103 |  |  |  | 6,152 |  |  |  | 31,818 |  |  |  | 659,262 |
Ending Balance |  | $ | 577,232 |  |  | $ | 17,078 |  |  | $ | 99,408 |  |  | $ | 21,006 |  |  | $ | 6,743 |  |  | $ | 36,124 |  |  | $ | 757,591 |

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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. + 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=7512638&loc=SL6953423-111524 + Details
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- 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=7512638&loc=d3e5212-111524 + Details
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- 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
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