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Allowance for Loan and Lease Losses (Tables)

6 Months Ended

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

X

- 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

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X

- 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

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X

- 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

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