Loans (Tables)

3 Months Ended

Mar. 31, 2014

Loans and Leases Receivable Disclosure [Abstract]

The following table shows the composition of the Company's loan portfolio as of March 31, 2014 and 2013 and at December 31, 2013:



	March 31, 2014				December 31, 2013				March 31, 2013
Commercial
Real estate	$	240,187,000	27.7	%	$	245,943,000	28.2	%	$	250,180,000	29.0	%
Construction	21,686,000		2.5	%	20,382,000		2.3	%	17,090,000		2.0	%
Other	97,276,000		11.2	%	95,289,000		10.9	%	89,874,000		10.4	%
Municipal	17,790,000		2.0	%	19,117,000		2.2	%	15,017,000		1.7	%
Residential
Term	372,479,000		42.9	%	377,218,000		43.0	%	376,029,000		43.5	%
Construction	12,360,000		1.4	%	11,803,000		1.3	%	4,222,000		0.5	%
Home equity line of credit	92,202,000		10.6	%	91,549,000		10.4	%	96,536,000		11.2	%
Consumer	14,934,000		1.7	%	15,066,000		1.7	%	14,529,000		1.7	%
Total	$	868,914,000	100.0	%	$	876,367,000	100.0	%	$	863,477,000	100.0	%

Past Due Loans Aging

Information on the past-due status of loans by class of financing receivable as of March 31, 2014, is presented in the following table:



	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		All Past Due		Current		Total		90+ Days & Accruing
Commercial
Real estate	$	330,000	$	55,000	$	1,977,000	$	2,362,000	$	237,825,000	$	240,187,000	$	—
Construction	—		—		208,000		208,000		21,478,000		21,686,000		—
Other	232,000		—		1,614,000		1,846,000		95,430,000		97,276,000		—
Municipal	—		—		—		—		17,790,000		17,790,000		—
Residential
Term	1,177,000		448,000		5,357,000		6,982,000		365,497,000		372,479,000		137,000
Construction	—		—		—		—		12,360,000		12,360,000		—
Home equity line of credit	250,000		40,000		1,046,000		1,336,000		90,866,000		92,202,000		29,000
Consumer	67,000		26,000		58,000		151,000		14,783,000		14,934,000		58,000
Total	$	2,056,000	$	569,000	$	10,260,000	$	12,885,000	$	856,029,000	$	868,914,000	$	224,000

Information on the past-due status of loans by class of financing receivable as of December 31, 2013, is presented in the following table:



	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		All Past Due		Current		Total		90+ Days & Accruing
Commercial
Real estate	$	82,000	$	259,000	$	745,000	$	1,086,000	$	244,857,000	$	245,943,000	$	—
Construction	—		—		—		—		20,382,000		20,382,000		—
Other	544,000		128,000		2,797,000		3,469,000		91,820,000		95,289,000		—
Municipal	—		—		—		—		19,117,000		19,117,000		—
Residential
Term	229,000		1,913,000		7,002,000		9,144,000		368,074,000		377,218,000		596,000
Construction	47,000		—		—		47,000		11,756,000		11,803,000		—
Home equity line of credit	573,000		145,000		1,001,000		1,719,000		89,830,000		91,549,000		59,000
Consumer	113,000		26,000		388,000		527,000		14,539,000		15,066,000		388,000
Total	$	1,588,000	$	2,471,000	$	11,933,000	$	15,992,000	$	860,375,000	$	876,367,000	$	1,043,000

Information on the past-due status of loans by class of financing receivable as of March 31, 2013, is presented in the following table:



	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		All Past Due		Current		Total		90+ Days & Accruing
Commercial
Real estate	$	709,000	$	1,360,000	$	2,295,000	$	4,364,000	$	245,816,000	$	250,180,000	$	—
Construction	22,000		—		30,000		52,000		17,038,000		17,090,000		—
Other	1,403,000		2,828,000		2,464,000		6,695,000		83,179,000		89,874,000		—
Municipal	—		—		—		—		15,017,000		15,017,000		—
Residential
Term	1,496,000		3,032,000		8,844,000		13,372,000		362,657,000		376,029,000		233,000
Construction	189,000		—		—		189,000		4,033,000		4,222,000		—
Home equity line of credit	916,000		248,000		771,000		1,935,000		94,601,000		96,536,000		—
Consumer	100,000		67,000		156,000		323,000		14,206,000		14,529,000		156,000
Total	$	4,835,000	$	7,535,000	$	14,560,000	$	26,930,000	$	836,547,000	$	863,477,000	$	389,000

Nonaccrual Loans

Information on nonaccrual loans as of March 31, 2014 and 2013 and at December 31, 2013 is presented in the following table:



	March 31, 2014		December 31, 2013		March 31, 2013
Commercial
Real estate	$	2,835,000	$	2,457,000	$	4,599,000
Construction	208,000		—		1,045,000
Other	3,008,000		4,370,000		3,152,000
Municipal	—		—		—
Residential
Term	7,103,000		8,484,000		11,098,000
Construction	—		—		—
Home equity line of credit	1,017,000		—		1,030,000
Consumer	—		1,007,000		—
Total	$	14,171,000	$	16,318,000	$	20,924,000

Impaired Loans by class of financing receivable

A breakdown of impaired loans by class of financing receivable as of and for the period ended March 31, 2014, is presented in the following table:



	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Recognized Interest Income
With No Related Allowance
Commercial
Real estate	$	11,428,000	$	12,066,000	$	—	$	11,735,000	$	94,000
Construction	208,000		208,000		—		69,000		—
Other	4,214,000		5,910,000		—		5,148,000		24,000
Municipal	—		—		—		—		—
Residential
Term	10,985,000		11,898,000		—		11,325,000		188,000
Construction	—		—		—		—		—
Home equity line of credit	1,473,000		1,716,000		—		1,510,000		6,000
Consumer	—		—		—		—		—
	$	28,308,000	$	31,798,000	$	—	$	29,787,000	$	312,000
With an Allowance Recorded
Commercial
Real estate	$	3,832,000	$	3,992,000	$	1,019,000	$	3,533,000	$	34,000
Construction	1,284,000		1,284,000		276,000		1,284,000		16,000
Other	1,044,000		1,097,000		834,000		1,054,000		4,000
Municipal	—		—		—		—		—
Residential
Term	5,939,000		6,195,000		574,000		5,817,000		65,000
Construction	—		—		—		—		—
Home equity line of credit	180,000		181,000		83,000		122,000		1,000
Consumer	—		—		—		—		—
	$	12,279,000	$	12,749,000	$	2,786,000	$	11,810,000	$	120,000
Total
Commercial
Real estate	$	15,260,000	$	16,058,000	$	1,019,000	$	15,267,000	$	128,000
Construction	1,492,000		1,492,000		276,000		1,354,000		16,000
Other	5,258,000		7,007,000		834,000		6,202,000		28,000
Municipal	—		—		—		—		—
Residential
Term	16,924,000		18,093,000		574,000		17,142,000		253,000
Construction	—		—		—		—		—
Home equity line of credit	1,653,000		1,897,000		83,000		1,631,000		7,000
Consumer	—		—		—		—		—
	$	40,587,000	$	44,547,000	$	2,786,000	$	41,596,000	$	432,000

Substantially all interest income recognized on impaired loans for all classes of financing receivables was recognized on a cash basis as received.

A breakdown of impaired loans by class of financing receivable as of and for the year ended December 31, 2013, is presented in the following table:



	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Recognized Interest Income
With No Related Allowance
Commercial
Real estate	$	11,813,000	$	12,419,000	$	—	$	11,100,000	$	495,000
Construction	—		—		—		202,000		—
Other	5,617,000		7,309,000		—		4,265,000		322,000
Municipal	—		—		—		—		—
Residential
Term	13,432,000		14,600,000		—		14,396,000		511,000
Construction	—		—		—		—		—
Home equity line of credit	1,555,000		1,791,000		—		1,578,000		32,000
Consumer	—		—		—		—		—
	$	32,417,000	$	36,119,000	$	—	$	31,541,000	$	1,360,000
With an Allowance Recorded
Commercial
Real estate	$	3,122,000	$	3,264,000	$	890,000	$	5,673,000	$	150,000
Construction	1,284,000		1,284,000		272,000		1,795,000		48,000
Other	1,081,000		1,132,000		841,000		1,633,000		28,000
Municipal	—		—		—		—		—
Residential
Term	4,354,000		4,516,000		404,000		4,982,000		162,000
Construction	—		—		—		—		—
Home equity line of credit	93,000		93,000		54,000		98,000		2,000
Consumer	—		—		—		—
	$	9,934,000	$	10,289,000	$	2,461,000	$	14,181,000	$	390,000
Total
Commercial
Real estate	$	14,935,000	$	15,683,000	$	890,000	$	16,773,000	$	645,000
Construction	1,284,000		1,284,000		272,000		1,997,000		48,000
Other	6,698,000		8,441,000		841,000		5,898,000		350,000
Municipal	—		—		—		—		—
Residential
Term	17,786,000		19,116,000		404,000		19,378,000		673,000
Construction	—		—		—		—		—
Home equity line of credit	1,648,000		1,884,000		54,000		1,676,000		34,000
Consumer	—		—		—		—		—
	$	42,351,000	$	46,408,000	$	2,461,000	$	45,722,000	$	1,750,000

A breakdown of impaired loans by class of financing receivable as of and for the period ended March 31, 2013, is presented in the following table:



	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Recognized Interest Income
With No Related Allowance
Commercial
Real estate	$	11,010,000	$	11,468,000	$	—	$	10,154,000	$	101,000
Construction	95,000		115,000		—		43,000		1,000
Other	3,580,000		4,315,000		—		3,695,000		27,000
Municipal	—		—		—		—		—
Residential
Term	13,611,000		15,476,000		—		13,078,000		98,000
Construction	—		—		—		—		—
Home equity line of credit	1,683,000		1,912,000		—		1,492,000		8,000
Consumer	—		—		—		—		—
	$	29,979,000	$	33,286,000	$	—	$	28,462,000	$	235,000
With an Allowance Recorded
Commercial
Real estate	$	6,524,000	$	7,217,000	$	1,473,000	$	6,800,000	$	62,000
Construction	2,252,000		2,252,000		760,000		2,975,000		26,000
Other	1,970,000		1,991,000		535,000		2,097,000		9,000
Municipal	—		—		—		—		—
Residential
Term	6,651,000		6,786,000		337,000		6,814,000		64,000
Construction	—		—		—		—		—
Home equity line of credit	—		—		—		174,000		—
Consumer	—		—		—		—		—
	$	17,397,000	$	18,246,000	$	3,105,000	$	18,860,000	$	161,000
Total
Commercial
Real estate	$	17,534,000	$	18,685,000	$	1,473,000	$	16,954,000	$	163,000
Construction	2,347,000		2,367,000		760,000		3,018,000		27,000
Other	5,550,000		6,306,000		535,000		5,792,000		36,000
Municipal	—		—		—		—		—
Residential
Term	20,262,000		22,262,000		337,000		19,892,000		162,000
Construction	—		—		—		—		—
Home equity line of credit	1,683,000		1,912,000		—		1,666,000		8,000
Consumer	—		—		—		—		—
	$	47,376,000	$	51,532,000	$	3,105,000	$	47,322,000	$	396,000