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Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2012

Allowance for Loan and Lease Losses, Provision for Loss, Net [Abstract]

Allowance for loan losses by class of financing receivable and allowance

December 31, 2011, and March 31, 2011, by class of financing receivable and allowance element, is presented in the following tables:

As of March 31, 2012		Specific Reserves on Loans Evaluated Individually for Impairment				General Reserves Based on Historical Loss Experience				Reserves for Qualitative Factors				Unallocated Reserves				Total Reserves
Commercial
Real estate		$	944,000			$	2,648,000			$	2,270,000			$	-			$	5,862,000
Construction			117,000				316,000				271,000				-				704,000
Other			480,000				886,000				759,000				-				2,125,000
Municipal			-				-				19,000				-				19,000
Residential
Term			592,000				185,000				459,000				-				1,236,000
Construction			49,000				2,000				8,000				-				59,000
Home equity line of credit			156,000				176,000				350,000				-				682,000
Consumer			10,000				319,000				239,000				-				568,000
Unallocated			-				-				-				1,699,000				1,699,000
		$	2,348,000			$	4,532,000			$	4,375,000			$	1,699,000			$	12,954,000

As of December 31, 2011		Specific Reserves on Loans Evaluated Individually for Impairment				General Reserves Based on Historical Loss Experience				Reserves for Qualitative Factors				Unallocated Reserves				Total Reserves
Commercial
Real estate		$	808,000			$	2,578,000			$	2,273,000			$	-			$	5,659,000
Construction			33,000				332,000				293,000				-				658,000
Other			402,000				883,000				778,000				-				2,063,000
Municipal			-				-				19,000				-				19,000
Residential
Term			478,000				222,000				459,000				-				1,159,000
Construction			235,000				6,000				14,000				-				255,000
Home equity line of credit			91,000				149,000				355,000				-				595,000
Consumer			11,000				331,000				242,000				-				584,000
Unallocated			-				-				-				2,008,000				2,008,000
		$	2,058,000			$	4,501,000			$	4,433,000			$	2,008,000			$	13,000,000

As of March 31, 2011		Specific Reserves Evaluated Individually for Impairment				General Reserves Based on Historical Loss Experience				Reserves for Qualitative Factors				Unallocated Reserves				Total Reserves
Commercial
Real estate		$	593,000			$	2,536,000			$	3,181,000			$	-			$	6,310,000
Construction			-				284,000				355,000				-				639,000
Other			326,000				980,000				1,229,000				-				2,535,000
Municipal			-				-				19,000				-				19,000
Residential
Term			381,000				457,000				567,000				-				1,405,000
Construction			106,000				18,000				22,000				-				146,000
Home equity line of credit			139,000				67,000				472,000				-				678,000
Consumer			76,000				380,000				257,000				-				713,000
Unallocated			-				-				-				1,555,000				1,555,000
		$	1,621,000			$	4,722,000			$	6,102,000			$	1,555,000			$	14,000,000

Summary of Risk Ratings for Loans

The following table summarizes the risk ratings for the Company's commercial real estate, commercial construction, commercial other, and municipal loans as of March 31, 2012:

		Commercial Real Estate				Commercial Construction				Commercial Other				Municipal Loans				All Risk- Rated Loans
1 Strong		$	23,000			$	-			$	486,000			$	1,911,000			$	2,420,000
2 Above Average			19,788,000				-				4,418,000				7,602,000				31,808,000
3 Satisfactory			32,903,000				1,396,000				12,183,000				3,819,000				50,301,000
4 Average			105,446,000				19,130,000				31,412,000				2,629,000				158,617,000
5 Watch			42,680,000				3,530,000				19,473,000				-				65,683,000
6 OAEM			18,302,000				538,000				4,644,000				-				23,484,000
7 Substandard			34,887,000				6,234,000				12,158,000				-				53,279,000
8 Doubtful			679,000				-				693,000				-				1,372,000
Total		$	254,708,000			$	30,828,000			$	85,467,000			$	15,961,000			$	386,964,000

The following table summarizes the risk ratings for the Company's commercial real estate, commercial construction, commercial other, and municipal loans as of December 31, 2011:

		Commercial Real Estate				Commercial Construction				Commercial Other				Municipal Loans				All Risk- Rated Loans
1 Strong		$	23,000			$	-			$	465,000			$	2,158,000			$	2,646,000
2 Above Average			21,334,000				-				4,229,000				7,509,000				33,072,000
3 Satisfactory			33,119,000				1,365,000				10,981,000				3,861,000				49,326,000
4 Average			106,171,000				17,125,000				31,600,000				2,693,000				157,589,000
5 Watch			44,215,000				3,287,000				17,893,000				-				65,395,000
6 OAEM			18,309,000				2,320,000				5,303,000				-				25,932,000
7 Substandard			31,575,000				7,323,000				16,362,000				-				55,260,000
8 Doubtful			678,000				1,154,000				149,000				-				1,981,000
Total		$	255,424,000			$	32,574,000			$	86,982,000			$	16,221,000			$	391,201,000

The following table summarizes the risk ratings for the Company's commercial real estate, commercial construction, commercial other, and municipal loans as of March 31, 2011:

		Commercial Real Estate				Commercial Construction				Commercial Other				Municipal Loans				All Risk- Rated Loans
1 Strong		$	30,000			$	-			$	462,000			$	2,448,000			$	2,940,000
2 Above Average			21,270,000				10,000				4,399,000				11,417,000				37,096,000
3 Satisfactory			45,331,000				10,000				17,258,000				4,023,000				66,622,000
4 Average			120,462,000				14,650,000				40,071,000				2,946,000				178,129,000
5 Watch			26,660,000				5,896,000				12,425,000				-				44,981,000
6 OAEM			18,797,000				3,948,000				6,700,000				-				29,445,000
7 Substandard			31,250,000				4,802,000				20,447,000				-				56,499,000
8 Doubtful			-				-				-				-				-
Total		$	263,800,000			$	29,316,000			$	101,762,000			$	20,834,000			$	415,712,000

Allowance for Loan Losses Transactions

Allowance for loan losses transactions for the three months ended March 31, 2012 and 2011 and for the year ended December 31, 2011 were as follows:

For the three months ended		Commercial												Municipal				Residential								Home Equity				Consumer				Unallocated				Total
March 31, 2012		Real Estate				Construction				Other								Term				Construction				Line of Credit
Allowance for loan losses:
Beginning balance		$	5,659,000			$	658,000			$	2,063,000			$	19,000			$	1,159,000			$	255,000			$	595,000			$	584,000			$	2,008,000			$	13,000,000
Charge offs			-				-				2,002,000				-				239,000				-				49,000				180,000				-				2,470,000
Recoveries			-				246,000				2,000				-				1,000				-				-				75,000				-				324,000
Provision			203,000				(200,000	)			2,062,000				-				315,000				(196,000	)			136,000				89,000				(309,000	)			2,100,000
Ending balance		$	5,862,000			$	704,000			$	2,125,000			$	19,000			$	1,236,000			$	59,000			$	682,000			$	568,000			$	1,699,000			$	12,954,000
Ending balance specifically evaluated for impairment		$	944,000			$	117,000			$	480,000			$	-			$	592,000			$	49,000			$	156,000			$	10,000			$	-			$	2,348,000
Ending balance collectively evaluated for impairment		$	4,918,000			$	587,000			$	1,645,000			$	19,000			$	644,000			$	10,000			$	526,000			$	558,000			$	1,699,000			$	10,606,000
Related loan balances:
Ending balance		$	254,708,000			$	30,828,000			$	85,467,000			$	15,961,000			$	358,394,000			$	6,451,000			$	103,372,000			$	15,711,000			$	-			$	870,892,000
Ending balance specifically evaluated for impairment		$	14,295,000			$	2,093,000			$	3,886,000			$	-			$	18,054,000			$	1,454,000			$	1,336,000			$	15,000			$	-			$	41,133,000
Ending balance collectively evaluated for impairment		$	240,413,000			$	28,735,000			$	81,581,000			$	15,961,000			$	340,340,000			$	4,997,000			$	102,036,000			$	15,696,000			$	-			$	829,759,000

For the year ended		Commercial												Municipal				Residential								Home Equity				Consumer				Unallocated				Total
December 31, 2011		Real Estate				Construction				Other								Term				Construction				Line of Credit
Allowance for loan losses:
Beginning balance		$	5,260,000			$	1,012,000			$	2,377,000			$	19,000			$	1,408,000			$	44,000			$	670,000			$	646,000			$	1,880,000			$	13,316,000
Charge offs			1,619,000				346,000				6,492,000				-				1,421,000				505,000				415,000				381,000				-				11,179,000
Recoveries			23,000				-				60,000				-				7,000				-				1,000				222,000				-				313,000
Provision			1,995,000				(8,000	)			6,118,000				-				1,165,000				716,000				339,000				97,000				128,000				10,550,000
Ending balance		$	5,659,000			$	658,000			$	2,063,000			$	19,000			$	1,159,000			$	255,000			$	595,000			$	584,000			$	2,008,000			$	13,000,000
Ending balance specifically evaluated for impairment		$	808,000			$	33,000			$	402,000			$	-			$	478,000			$	235,000			$	91,000			$	11,000			$	-			$	2,058,000
Ending balance collectively evaluated for impairment		$	4,851,000			$	625,000			$	1,661,000			$	19,000			$	681,000			$	20,000			$	504,000			$	573,000			$	2,008,000			$	10,942,000
Related loan balances:
Ending balance		$	255,424,000			$	32,574,000			$	86,982,000			$	16,221,000			$	341,286,000			$	10,469,000			$	105,244,000			$	16,788,000			$	-			$	864,988,000
Ending balance specifically evaluated for impairment		$	10,141,000			$	5,702,000			$	7,042,000			$	-			$	16,821,000			$	1,198,000			$	1,163,000			$	53,000			$	-			$	42,120,000
Ending balance collectively evaluated for impairment		$	245,283,000			$	26,872,000			$	79,940,000			$	16,221,000			$	324,465,000			$	9,271,000			$	104,081,000			$	16,735,000			$	-			$	822,868,000

For the three months ended		Commercial												Municipal				Residential								Home Equity				Consumer				Unallocated				Total
March 31, 2011		Real Estate				Construction				Other								Term				Construction				Line of Credit
Allowance for loan losses:
Beginning balance		$	5,260,000			$	1,012,000			$	2,377,000			$	19,000			$	1,408,000			$	44,000			$	670,000			$	646,000			$	1,880,000			$	13,316,000
Charge offs			289,000				-				161,000				-				457,000				505,000				1,000				100,000				-				1,513,000
Recoveries			5,000				-				17,000				-				3,000				-				-				72,000				-				97,000
Provision			1,334,000				(373,000	)			302,000				-				451,000				607,000				9,000				95,000				(325,000	)			2,100,000
Ending balance		$	6,310,000			$	639,000			$	2,535,000			$	19,000			$	1,405,000			$	146,000			$	678,000			$	713,000			$	1,555,000			$	14,000,000
Ending balance specifically evaluated for impairment		$	593,000			$	-			$	326,000			$	-			$	381,000			$	106,000			$	139,000			$	76,000			$	-			$	1,621,000
Ending balance collectively evaluated for impairment		$	5,717,000			$	639,000			$	2,209,000			$	19,000			$	1,024,000			$	40,000			$	539,000			$	637,000			$	1,555,000			$	12,379,000
Related loan balances:
Ending balance		$	263,800,000			$	29,316,000			$	101,762,000			$	20,834,000			$	340,841,000			$	13,370,000			$	106,172,000			$	18,589,000			$	-			$	894,684,000
Ending balance specifically evaluated for impairment		$	7,482,000			$	813,000			$	1,604,000			$	-			$	13,948,000			$	2,248,000			$	604,000			$	115,000			$	-			$	26,814,000
Ending balance collectively evaluated for impairment		$	256,318,000			$	28,503,000			$	100,158,000			$	20,834,000			$	326,893,000			$	11,122,000			$	105,568,000			$	18,474,000			$	-			$	867,870,000

Troubled debt restructurings by class and specific reserve

The following table shows TDRs by class and the specific reserve as of March 31, 2012:

		Number of Loans				Balance				Specific Reserves
Commercial
Real estate			12			$	7,610,000			$	271,000
Construction			1				1,148,000				-
Other			12				1,919,000				85,000
Municipal			-				-				-
Residential
Term			46				9,970,000				250,000
Construction			-				-				-
Home equity line of credit			-				-				-
Consumer			-				-				-
Unallocated			-				-				-
			71			$	20,647,000			$	606,000

As of March 31, 2012, 11 of the loans classified as TDRs with a total balance of $2,258,000 were more than 30 days past due. Of these loans, 7 loans with an outstanding balance of $1,733,000 had been placed on TDR status in the previous 12 months. The following table shows these TDRs by class and the associated specific reserves included in the allowance for loan losses as of March 31, 2012:

		Number of Loans				Balance				Specific Reserves
Commercial
Real estate			-			$	-			$	-
Construction			-				-				-
Other			4				667,000				44,000
Municipal			-				-				-
Residential
Term			7				1,591,000				29,000
Construction			-				-				-
Home equity line of credit			-				-				-
Consumer			-				-				-
Unallocated			-				-				-
			11			$	2,258,000			$	73,000

Loans placed on troubled debt restructurings by class and specific reserve

The following table shows loans placed on TDR status by class of loan and the associated specific reserve included in the allowance for loan losses as of March 31, 2012:

		Number of Loans				Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment				Specific Reserves
Commercial
Real estate			7			$	2,438,000			$	2,404,000			$	-
Construction			-				-				-				-
Other			3				12,000				12,000				-
Municipal			-				-				-				-
Residential
Term			4				557,000				557,000				16,000
Construction			-				-				-				-
Home equity line of credit			-				-				-				-
Consumer			-				-				-				-
Unallocated			-				-				-				-
			14			$	3,007,000			$	2,973,000			$	16,000

X

- Definition

Tabular disclosure for the roll forward of change in allowance for loan losses from period to period and related loan balances.

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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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