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Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2014

Receivables [Abstract]

Allowance for loan losses by class of financing receivable and allowance

A breakdown of the allowance for loan losses as of March 31, 2014, December 31, 2013, and March 31, 2013, by class of financing receivable and allowance element, is presented in the following tables:

As of March 31, 2014	Specific Reserves on Loans Evaluated Individually for Impairment				General Reserves on Loans Based on Historical Loss Experience				Reserves for Qualitative Factors				Unallocated Reserves				Total Reserves
Commercial
Real estate	$	1,019,000			$	1,707,000			$	1,774,000			$	—			$	4,500,000
Construction	276,000				154,000				160,000				—				590,000
Other	834,000				690,000				717,000				—				2,241,000
Municipal	—				—				15,000				—				15,000
Residential
Term	574,000				303,000				355,000				—				1,232,000
Construction	—				10,000				12,000				—				22,000
Home equity line of credit	83,000				343,000				282,000				—				708,000
Consumer	—				323,000				194,000				—				517,000
Unallocated	—				—				—				1,830,000				1,830,000
	$	2,786,000			$	3,530,000			$	3,509,000			$	1,830,000			$	11,655,000

As of December 31, 2013	Specific Reserves on Loans Evaluated Individually for Impairment				General Reserves on Loans Based on Historical Loss Experience				Reserves for Qualitative Factors				Unallocated Reserves				Total Reserves
Commercial
Real estate	$	890,000			$	1,927,000			$	1,785,000			$	—			$	4,602,000
Construction	272,000				157,000				146,000				—				575,000
Other	841,000				745,000				690,000				—				2,276,000
Municipal	—				—				15,000				—				15,000
Residential
Term	404,000				342,000				353,000				—				1,099,000
Construction	—				10,000				11,000				—				21,000
Home equity line of credit	54,000				343,000				278,000				—				675,000
Consumer	—				382,000				191,000				—				573,000
Unallocated	—				—				—				1,678,000				1,678,000
	$	2,461,000			$	3,906,000			$	3,469,000			$	1,678,000			$	11,514,000

As of March 31, 2013	Specific Reserves on Loans Evaluated Individually for Impairment				General Reserves on Loans Based on Historical Loss Experience				Reserves for Qualitative Factors				Unallocated Reserves				Total Reserves
Commercial
Real estate	$	1,473,000			$	2,177,000			$	2,229,000			$	—			$	5,879,000
Construction	760,000				150,000				154,000				—				1,064,000
Other	535,000				781,000				799,000				—				2,115,000
Municipal	—				—				18,000				—				18,000
Residential
Term	337,000				336,000				440,000				—				1,113,000
Construction	—				4,000				5,000				—				9,000
Home equity line of credit	—				522,000				337,000				—				859,000
Consumer	—				345,000				229,000				—				574,000
Unallocated	—				—				—				1,089,000				1,089,000
	$	3,105,000			$	4,315,000			$	4,211,000			$	1,089,000			$	12,720,000

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, 2014:

	Commercial Real Estate				Commercial Construction				Commercial Other				Municipal Loans				All Risk- Rated Loans
1 Strong	$	15,000			$	—			$	261,000			$	—			$	276,000
2 Above Average	9,287,000				773,000				7,458,000				15,926,000				33,444,000
3 Satisfactory	44,918,000				1,080,000				16,864,000				1,864,000				64,726,000
4 Average	102,361,000				16,388,000				46,447,000				—				165,196,000
5 Watch	33,079,000				—				10,828,000				—				43,907,000
6 OAEM	26,951,000				2,668,000				3,883,000				—				33,502,000
7 Substandard	23,576,000				777,000				11,495,000				—				35,848,000
8 Doubtful	—				—				40,000				—				40,000
Total	$	240,187,000			$	21,686,000			$	97,276,000			$	17,790,000			$	376,939,000

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, 2013:

	Commercial Real Estate				Commercial Construction				Commercial Other				Municipal Loans				All Risk- Rated Loans
1 Strong	$	16,000			$	—			$	265,000			$	—			$	281,000
2 Above Average	14,565,000				804,000				6,719,000				16,230,000				38,318,000
3 Satisfactory	45,213,000				871,000				14,852,000				2,887,000				63,823,000
4 Average	100,343,000				14,938,000				45,792,000				—				161,073,000
5 Watch	32,326,000				26,000				10,439,000				—				42,791,000
6 OAEM	26,102,000				2,948,000				3,238,000				—				32,288,000
7 Substandard	27,115,000				795,000				13,622,000				—				41,532,000
8 Doubtful	263,000				—				362,000				—				625,000
Total	$	245,943,000			$	20,382,000			$	95,289,000			$	19,117,000			$	380,731,000

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, 2013:

	Commercial Real Estate				Commercial Construction				Commercial Other				Municipal Loans				All Risk- Rated Loans
1 Strong	$	19,000			$	—			$	259,000			$	1,641,000			$	1,919,000
2 Above Average	12,288,000				271,000				6,262,000				7,589,000				26,410,000
3 Satisfactory	36,187,000				2,410,000				16,846,000				3,419,000				58,862,000
4 Average	103,957,000				9,505,000				32,430,000				2,368,000				148,260,000
5 Watch	37,703,000				22,000				15,679,000				—				53,404,000
6 OAEM	25,057,000				3,001,000				4,768,000				—				32,826,000
7 Substandard	34,530,000				1,881,000				13,628,000				—				50,039,000
8 Doubtful	439,000				—				2,000				—				441,000
Total	$	250,180,000			$	17,090,000			$	89,874,000			$	15,017,000			$	372,161,000

Allowance for Loan Losses Transactions

The following table presents allowance for loan losses activity by class for the three months ended March 31, 2014, and allowance for loan loss balances by class and related loan balances by class as of March 31, 2014:

	Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
	Real Estate			Construction			Other						Term			Construction
For the three months ended March 31, 2014
Beginning balance	$	4,602,000		$	575,000		$	2,276,000		$	15,000		$	1,099,000		$	21,000		$	675,000		$	573,000		$	1,678,000		$	11,514,000
Charge offs	20,000			—			174,000			—			119,000			—			12,000			70,000			—			395,000
Recoveries	1,000			—			64,000			—			4,000			—			1,000			66,000			—			136,000
Provision (credit)	(83,000		)	15,000			75,000			—			248,000			1,000			44,000			(52,000		)	152,000			400,000
Ending balance	$	4,500,000		$	590,000		$	2,241,000		$	15,000		$	1,232,000		$	22,000		$	708,000		$	517,000		$	1,830,000		$	11,655,000
Allowance for loan losses as of March 31, 2014
Ending balance specifically evaluated for impairment	$	1,019,000		$	276,000		$	834,000		$	—		$	574,000		$	—		$	83,000		$	—		$	—		$	2,786,000
Ending balance collectively evaluated for impairment	$	3,481,000		$	314,000		$	1,407,000		$	15,000		$	658,000		$	22,000		$	625,000		$	517,000		$	1,830,000		$	8,869,000
Related loan balances as of March 31, 2014
Ending balance	$	240,187,000		$	21,686,000		$	97,276,000		$	17,790,000		$	372,479,000		$	12,360,000		$	92,202,000		$	14,934,000		$	—		$	868,914,000
Ending balance specifically evaluated for impairment	$	15,260,000		$	1,492,000		$	5,258,000		$	—		$	16,924,000		$	—		$	1,653,000		$	—		$	—		$	40,587,000
Ending balance collectively evaluated for impairment	$	224,927,000		$	20,194,000		$	92,018,000		$	17,790,000		$	355,555,000		$	12,360,000		$	90,549,000		$	14,934,000		$	—		$	828,327,000

The following table presents allowance for loan losses activity by class for the year-ended December 31, 2013 and allowance for loan loss balances by class and related loan balances by class as of December 31, 2013:

	Commercial											Municipal			Residential								Home Equity Line of Credit			Consumer			Unallocated			Total
	Real Estate				Construction				Other						Term				Construction
For the year ended December 31, 2013
Beginning balance	$	5,865,000			$	1,359,000			$	2,050,000		$	18,000		$	1,109,000			$	11,000			$	654,000		$	592,000		$	842,000		$	12,500,000
Charge offs	150,000				963,000				2,583,000			—			1,118,000				—				611,000			430,000			—			5,855,000
Recoveries	—				—				359,000			—			103,000				—				24,000			183,000			—			669,000
Provision (credit)	(1,113,000		)		179,000				2,450,000			(3,000		)	1,005,000				10,000				608,000			228,000			836,000			4,200,000
Ending balance	$	4,602,000			$	575,000			$	2,276,000		$	15,000		$	1,099,000			$	21,000			$	675,000		$	573,000		$	1,678,000		$	11,514,000
Allowance for loan losses as of December 31, 2013
Ending balance specifically evaluated for impairment	$	890,000			$	272,000			$	841,000		$	—		$	404,000			$	—			$	54,000		$	—		$	—		$	2,461,000
Ending balance collectively evaluated for impairment	$	3,712,000			$	303,000			$	1,435,000		$	15,000		$	695,000			$	21,000			$	621,000		$	573,000		$	1,678,000		$	9,053,000
Related loan balances as of December 31, 2013
Ending balance	$	245,943,000			$	20,382,000			$	95,289,000		$	19,117,000		$	377,218,000			$	11,803,000			$	91,549,000		$	15,066,000		$	—		$	876,367,000
Ending balance specifically evaluated for impairment	$	14,935,000			$	1,284,000			$	6,698,000		$	—		$	17,786,000			$	—			$	1,648,000		$	—		$	—		$	42,351,000
Ending balance collectively evaluated for impairment	$	231,008,000			$	19,098,000			$	88,591,000		$	19,117,000		$	359,432,000			$	11,803,000			$	89,901,000		$	15,066,000		$	—		$	834,016,000

The following table presents allowance for loan losses activity by class for the three months ended March 31, 2013, and allowance for loan loss balances by class and related loan balances by class as of March 31, 2013:

	Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
	Real Estate			Construction			Other						Term			Construction
For the three months ended March 31, 2013
Beginning balance	$	5,865,000		$	1,359,000		$	2,050,000		$	18,000		$	1,109,000		$	11,000		$	654,000		$	592,000		$	842,000		$	12,500,000
Charge offs	54,000			403,000			288,000			—			200,000			—			362,000			127,000			—			1,434,000
Recoveries	—			—			103,000			—			2,000			—			1,000			48,000			—			154,000
Provision (credit)	68,000			108,000			250,000			—			202,000			(2,000		)	566,000			61,000			247,000			1,500,000
Ending balance	$	5,879,000		$	1,064,000		$	2,115,000		$	18,000		$	1,113,000		$	9,000		$	859,000		$	574,000		$	1,089,000		$	12,720,000
Allowance for loan losses as of March 31, 2013
Ending balance specifically evaluated for impairment	$	1,473,000		$	760,000		$	535,000		$	—		$	337,000		$	—		$	—		$	—		$	—		$	3,105,000
Ending balance collectively evaluated for impairment	$	4,406,000		$	304,000		$	1,580,000		$	18,000		$	776,000		$	9,000		$	859,000		$	574,000		$	1,089,000		$	9,615,000
Related loan balances as of March 31, 2013
Ending balance	$	250,180,000		$	17,090,000		$	89,874,000		$	15,017,000		$	376,029,000		$	4,222,000		$	96,536,000		$	14,529,000		$	—		$	863,477,000
Ending balance specifically evaluated for impairment	$	17,534,000		$	2,347,000		$	5,550,000		$	—		$	20,262,000		$	—		$	1,683,000		$	—		$	—		$	47,376,000
Ending balance collectively evaluated for impairment	$	232,646,000		$	14,743,000		$	84,324,000		$	15,017,000		$	355,767,000		$	4,222,000		$	94,853,000		$	14,529,000		$	—		$	816,101,000

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- Definition

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

+ References

No definition available.

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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=28368275&loc=SL6953423-111524

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- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 29

-URI http://asc.fasb.org/extlink&oid=28368275&loc=SL6953659-111524



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 55

-Paragraph 19

-URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525

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