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Allowance for Loan and Lease Losses (Tables)
 3 Months Ended
Mar. 31, 2013
Provision for Loan and Lease Losses [Abstract]  
Impaired Loans
Impaired Loans
(dollars in thousands, unaudited)
    
 
 
For the Quarter Ended March 31, 2013
 
 
 
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
 
$
-
 
$
-
 
$
-
 
$
-
 
$
-
 
Other Construction/Land
 
 
9,978
 
 
9,978
 
 
1,227
 
 
10,084
 
 
27
 
1-4 Family - closed-end
 
 
17,425
 
 
17,412
 
 
592
 
 
17,442
 
 
125
 
Equity Lines
 
 
575
 
 
541
 
 
68
 
 
541
 
 
4
 
Commercial RE- owner occupied
 
 
4,258
 
 
4,258
 
 
312
 
 
4,275
 
 
23
 
Commercial RE- non-owner occupied
 
 
13,762
 
 
13,604
 
 
894
 
 
13,603
 
 
105
 
Farmland
 
 
83
 
 
83
 
 
-
 
 
84
 
 
-
 
Total Real Estate
 
 
46,081
 
 
45,876
 
 
3,093
 
 
46,029
 
 
284
 
Agriculture
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial and Industrial
 
 
2,572
 
 
2,536
 
 
1,372
 
 
2,577
 
 
21
 
Small Business Administration
 
 
2,622
 
 
2,425
 
 
1,073
 
 
2,425
 
 
15
 
Direct finance leases
 
 
150
 
 
150
 
 
74
 
 
150
 
 
-
 
Consumer loans
 
 
4,140
 
 
4,088
 
 
603
 
 
4,136
 
 
65
 
 
 
 
55,565
 
 
55,075
 
 
6,215
 
 
55,317
 
 
385
 
With no Related Allowance Recorded
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real Estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1-4 family residential construction
 
$
-
 
$
-
 
$
-
 
$
-
 
$
-
 
Other Construction/Land
 
 
2,150
 
 
2,039
 
 
-
 
 
2,039
 
 
-
 
1-4 Family - closed-end
 
 
6,342
 
 
5,879
 
 
-
 
 
5,888
 
 
-
 
Equity Lines
 
 
504
 
 
390
 
 
-
 
 
444
 
 
-
 
Commercial RE- owner occupied
 
 
5,459
 
 
4,159
 
 
-
 
 
4,167
 
 
-
 
Commercial RE- non-owner occupied
 
 
4,257
 
 
2,938
 
 
-
 
 
3,974
 
 
-
 
Farmland
 
 
1,841
 
 
1,841
 
 
-
 
 
1,841
 
 
-
 
Total Real Estate
 
 
20,553
 
 
17,246
 
 
-
 
 
18,353
 
 
-
 
Agriculture
 
 
1,031
 
 
659
 
 
-
 
 
659
 
 
-
 
Commercial and Industrial
 
 
2,399
 
 
2,314
 
 
-
 
 
2,318
 
 
10
 
Small Business Administration
 
 
1,008
 
 
721
 
 
-
 
 
721
 
 
-
 
Direct finance leases
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Consumer loans
 
 
46
 
 
25
 
 
-
 
 
25
 
 
-
 
 
 
 
25,037
 
 
20,965
 
 
-
 
 
22,076
 
 
10
 
Total
 
$
80,602
 
$
76,040
 
$
6,215
 
$
77,393
 
$
395
 
 
(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.
 
 
 
For the Year Ended December 31, 2012
 
 
 
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
 
$
153
 
$
153
 
$
23
 
$
91
 
$
-
 
Other Construction/Land
 
 
10,313
 
 
10,313
 
 
1,244
 
 
10,755
 
 
86
 
1-4 Family - closed-end
 
 
19,218
 
 
18,910
 
 
955
 
 
19,024
 
 
401
 
Equity Lines
 
 
1,142
 
 
1,142
 
 
163
 
 
1,144
 
 
9
 
Multifamily residential
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial RE- owner occupied
 
 
5,846
 
 
5,585
 
 
563
 
 
5,666
 
 
126
 
Commercial RE- non-owner occupied
 
 
18,539
 
 
17,579
 
 
1,230
 
 
18,079
 
 
481
 
Farmland
 
 
254
 
 
254
 
 
2
 
 
259
 
 
-
 
Total Real Estate
 
 
55,465
 
 
53,936
 
 
4,180
 
 
55,018
 
 
1,103
 
Agriculture
 
 
28
 
 
28
 
 
28
 
 
28
 
 
-
 
Commercial and Industrial
 
 
2,955
 
 
2,920
 
 
934
 
 
3,100
 
 
51
 
Small Business Administration
 
 
2,704
 
 
2,507
 
 
1,038
 
 
2,507
 
 
53
 
Direct finance leases
 
 
135
 
 
135
 
 
67
 
 
135
 
 
-
 
Consumer loans
 
 
4,349
 
 
4,344
 
 
878
 
 
4,493
 
 
183
 
 
 
 
65,636
 
 
63,870
 
 
7,125
 
 
65,281
 
 
1,390
 
With no Related Allowance Recorded
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real Estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1-4 family residential construction
 
$
-
 
$
-
 
$
-
 
$
-
 
$
-
 
Other Construction/Land
 
 
2,335
 
 
2,335
 
 
-
 
 
2,346
 
 
-
 
1-4 Family - closed-end
 
 
4,312
 
 
4,312
 
 
-
 
 
4,491
 
 
-
 
Equity Lines
 
 
116
 
 
116
 
 
-
 
 
155
 
 
1
 
Multifamily residential
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial RE- owner occupied
 
 
4,298
 
 
3,365
 
 
-
 
 
3,540
 
 
-
 
Commercial RE- non-owner occupied
 
 
390
 
 
390
 
 
-
 
 
421
 
 
3
 
Farmland
 
 
1,679
 
 
1,679
 
 
-
 
 
1,686
 
 
-
 
Total Real Estate
 
 
13,130
 
 
12,197
 
 
-
 
 
12,639
 
 
4
 
Agriculture
 
 
1,008
 
 
635
 
 
-
 
 
1,017
 
 
-
 
Commercial and Industrial
 
 
735
 
 
736
 
 
-
 
 
740
 
 
-
 
Small Business Administration
 
 
1,008
 
 
720
 
 
-
 
 
720
 
 
-
 
Direct finance leases
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Consumer loans
 
 
4
 
 
4
 
 
-
 
 
7
 
 
-
 
 
 
 
15,885
 
 
14,292
 
 
-
 
 
15,123
 
 
4
 
Total
 
$
81,521
 
$
78,162
 
$
7,125
 
$
80,404
 
$
1,394
 
 
(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)
 
 
 
 
 
 
 
 
 
March 31, 2013
 
December 31, 2012
 
 
 
 
 
 
 
 
 
Impaired loans without a valuation allowance
 
$
20,965
 
$
14,292
 
Impaired loans with a valuation allowance
 
 
55,075
 
 
63,870
 
Total impaired loans (1)
 
$
76,040
 
$
78,162
 
Valuation allowance related to impaired loans
 
$
6,215
 
$
7,125
 
Total non-accrual loans
 
$
50,566
 
$
53,094
 
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 Quarter Ended March 31, 2013
 
 
 
Real Estate
 
Agricultural
Products
 
Commercial and
Industrial
 
Small Business
Administration
 
Direct Finance
Leases
 
Consumer
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
8,034
 
$
258
 
$
2,056
 
$
1,246
 
$
165
 
$
2,114
 
$
13,873
 
Charge-offs
 
 
(1,422)
 
 
(28)
 
 
(688)
 
 
(37)
 
 
(20)
 
 
(509)
 
 
(2,704)
 
Recoveries
 
 
164
 
 
-
 
 
191
 
 
-
 
 
1
 
 
74
 
 
430
 
Provision
 
 
(288)
 
 
174
 
 
1,525
 
 
201
 
 
(61)
 
 
49
 
 
1,600
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending Balance
 
$
6,488
 
$
404
 
$
3,084
 
$
1,410
 
$
85
 
$
1,728
 
$
13,199
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reserves:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Specific
 
$
3,093
 
$
-
 
$
1,372
 
$
1,073
 
$
74
 
$
603
 
$
6,215
 
General
 
 
3,395
 
 
404
 
 
1,712
 
 
337
 
 
11
 
 
1,125
 
 
6,984
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
6,488
 
$
404
 
$
3,084
 
$
1,410
 
$
85
 
$
1,728
 
$
13,199
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans evaluated for impairment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually
 
$
63,122
 
$
659
 
$
4,850
 
$
3,146
 
$
150
 
$
4,113
 
$
76,040
 
Collectively
 
 
492,489
 
 
26,108
 
 
188,457
 
 
17,531
 
 
3,747
 
 
22,929
 
 
751,261
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending Balance
 
$
555,611
 
$
26,767
 
$
193,307
 
$
20,677
 
$
3,897
 
$
27,042
 
$
827,301
 
 
 
 
For the Year Ended December 31, 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
 
 
(11,108)
 
 
(634)
 
 
(3,517)
 
 
(753)
 
 
(198)
 
 
(2,568)
 
 
(18,778)
 
Recoveries
 
 
302
 
 
-
 
 
483
 
 
95
 
 
-
 
 
278
 
 
1,158
 
Provision
 
 
10,580
 
 
873
 
 
452
 
 
457
 
 
52
 
 
1,796
 
 
14,210
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending Balance
 
$
8,034
 
$
258
 
$
2,056
 
$
1,246
 
$
165
 
$
2,114
 
$
13,873
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reserves:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Specific
 
$
4,180
 
$
28
 
$
934
 
$
1,038
 
$
67
 
$
878
 
$
7,125
 
General
 
 
3,854
 
 
230
 
 
1,122
 
 
208
 
 
98
 
 
1,236
 
 
6,748
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
8,034
 
$
258
 
$
2,056
 
$
1,246
 
$
165
 
$
2,114
 
$
13,873
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans evaluated for impairment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually
 
$
66,133
 
$
663
 
$
3,656
 
$
3,227
 
$
135
 
$
4,348
 
$
78,162
 
Collectively
 
 
479,656
 
 
21,819
 
 
254,240
 
 
17,296
 
 
4,098
 
 
24,524
 
 
801,633
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending Balance
 
$
545,789
 
$
22,482
 
$
257,896
 
$
20,523
 
$
4,233
 
$
28,872
 
$
879,795