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Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2014

Receivables [Abstract]

Allowance for loan losses by class of financing receivable and allowance

A breakdown of the allowance for loan losses as of June 30, 2014, December 31, 2013, and June 30, 2013, by class of financing receivable and allowance element, is presented in the following tables:

As of June 30, 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	$	1,150,000			$	1,246,000			$	1,840,000			$	—			$	4,236,000
Construction	487,000				86,000				127,000				—				700,000
Other	830,000				530,000				783,000				—				2,143,000
Municipal	—				—				16,000				—				16,000
Residential
Term	606,000				288,000				370,000				—				1,264,000
Construction	—				10,000				13,000				—				23,000
Home equity line of credit	73,000				389,000				291,000				—				753,000
Consumer	—				383,000				199,000				—				582,000
Unallocated	—				—				.				1,927,000				1,927,000
	$	3,146,000			$	2,932,000			$	3,639,000			$	1,927,000			$	11,644,000

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 June 30, 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	$	1,510,000			$	2,148,000			$	2,153,000			$	—			$	5,811,000
Construction	266,000				162,000				163,000				—				591,000
Other	1,005,000				783,000				784,000				—				2,572,000
Municipal	—				—				18,000				—				18,000
Residential
Term	218,000				380,000				428,000				—				1,026,000
Construction	—				4,000				5,000				—				9,000
Home equity line of credit	7,000				402,000				328,000				—				737,000
Consumer	—				408,000				223,000				—				631,000
Unallocated	—				—				—				1,275,000				1,275,000
	$	3,006,000			$	4,287,000			$	4,102,000			$	1,275,000			$	12,670,000

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 June 30, 2014:

	Commercial Real Estate				Commercial Construction				Commercial Other				Municipal Loans				All Risk- Rated Loans
1 Strong	$	14,000			$	—			$	269,000			$	—			$	283,000
2 Above Average	10,936,000				741,000				7,820,000				16,003,000				35,500,000
3 Satisfactory	46,379,000				1,003,000				20,856,000				1,890,000				70,128,000
4 Average	106,209,000				11,106,000				48,042,000				—				165,357,000
5 Watch	37,995,000				789,000				14,145,000				—				52,929,000
6 OAEM	18,527,000				2,668,000				2,724,000				—				23,919,000
7 Substandard	25,600,000				777,000				10,378,000				—				36,755,000
8 Doubtful	—				—				—				—				—
Total	$	245,660,000			$	17,084,000			$	104,234,000			$	17,893,000			$	384,871,000

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 June 30, 2013:

	Commercial Real Estate				Commercial Construction				Commercial Other				Municipal Loans				All Risk- Rated Loans
1 Strong	$	18,000			$	—			$	255,000			$	1,590,000			$	1,863,000
2 Above Average	12,914,000				569,000				6,135,000				7,775,000				27,393,000
3 Satisfactory	39,155,000				2,716,000				17,439,000				4,183,000				63,493,000
4 Average	102,063,000				10,963,000				33,117,000				1,337,000				147,480,000
5 Watch	39,466,000				42,000				15,716,000				—				55,224,000
6 OAEM	24,265,000				3,001,000				4,196,000				—				31,462,000
7 Substandard	33,503,000				1,350,000				14,535,000				—				49,388,000
8 Doubtful	415,000				—				—				—				415,000
Total	$	251,799,000			$	18,641,000			$	91,393,000			$	14,885,000			$	376,718,000

Allowance for Loan Losses Transactions

The following table presents allowance for loan losses activity by class for the six months and quarter ended June 30, 2014, and allowance for loan loss balances by class and related loan balances by class as of June 30, 2014:

	Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
	Real Estate			Construction			Other						Term			Construction
For the six months ended June 30, 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	315,000			—			175,000			—			338,000			—			153,000			219,000			—			1,200,000
Recoveries	2,000			—			705,000			—			8,000			—			2,000			113,000			—			830,000
Provision (credit)	(53,000		)	125,000			(663,000		)	1,000			495,000			2,000			229,000			115,000			249,000			500,000
Ending balance	$	4,236,000		$	700,000		$	2,143,000		$	16,000		$	1,264,000		$	23,000		$	753,000		$	582,000		$	1,927,000		$	11,644,000
For the three months ended June 30, 2014
Beginning 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
Charge offs	295,000			—			1,000			—			219,000			—			141,000			149,000			—			805,000
Recoveries	1,000			—			641,000			—			4,000			—			1,000			47,000			—			694,000
Provision (credit)	30,000			110,000			(738,000		)	1,000			247,000			1,000			185,000			167,000			97,000			100,000
Ending balance	$	4,236,000		$	700,000		$	2,143,000		$	16,000		$	1,264,000		$	23,000		$	753,000		$	582,000		$	1,927,000		$	11,644,000
Allowance for loan losses as of June 30, 2014
Ending balance specifically evaluated for impairment	$	1,150,000		$	487,000		$	830,000		$	—		$	606,000		$	—		$	73,000		$	—		$	—		$	3,146,000
Ending balance collectively evaluated for impairment	$	3,086,000		$	213,000		$	1,313,000		$	16,000		$	658,000		$	23,000		$	680,000		$	582,000		$	1,927,000		$	8,498,000
Related loan balances as of June 30, 2014
Ending balance	$	245,660,000		$	17,084,000		$	104,234,000		$	17,893,000		$	379,027,000		$	13,253,000		$	97,821,000		$	16,892,000		$	—		$	891,864,000
Ending balance specifically evaluated for impairment	$	14,803,000		$	1,492,000		$	4,325,000		$	—		$	16,102,000		$	—		$	1,533,000		$	—		$	—		$	38,255,000
Ending balance collectively evaluated for impairment	$	230,857,000		$	15,592,000		$	99,909,000		$	17,893,000		$	362,925,000		$	13,253,000		$	96,288,000		$	16,892,000		$	—		$	853,609,000

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 six months and quarter ended June 30, 2013, and allowance for loan loss balances by class and related loan balances by class as of June 30, 2013:

	Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
	Real Estate			Construction			Other						Term			Construction
For the six months ended June 30, 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	61,000			930,000			521,000			—			607,000			—			431,000			252,000			—			2,802,000
Recoveries	—			—			144,000			—			36,000			—			2,000			90,000			—			272,000
Provision (credit)	7,000			162,000			899,000			—			488,000			(2,000		)	512,000			201,000			433,000			2,700,000
Ending balance	$	5,811,000		$	591,000		$	2,572,000		$	18,000		$	1,026,000		$	9,000		$	737,000		$	631,000		$	1,275,000		$	12,670,000
For the three months ended June 30, 2013
Beginning 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
Charge offs	7,000			527,000			233,000			—			407,000			—			69,000			125,000			—			1,368,000
Recoveries	—			—			41,000			—			34,000			—			1,000			42,000			—			118,000
Provision (credit)	(61,000		)	54,000			649,000			—			286,000			—			(54,000		)	140,000			186,000			1,200,000
Ending balance	$	5,811,000		$	591,000		$	2,572,000		$	18,000		$	1,026,000		$	9,000		$	737,000		$	631,000		$	1,275,000		$	12,670,000
Allowance for loan losses as of June 30, 2013
Ending balance specifically evaluated for impairment	$	1,510,000		$	266,000		$	1,005,000		$	—		$	218,000		$	—		$	7,000		$	—		$	—		$	3,006,000
Ending balance collectively evaluated for impairment	$	4,301,000		$	325,000		$	1,567,000		$	18,000		$	808,000		$	9,000		$	730,000		$	631,000		$	1,275,000		$	9,664,000
Related loan balances as of June 30, 2013
Ending balance	$	251,799,000		$	18,641,000		$	91,393,000		$	14,885,000		$	374,522,000		$	4,759,000		$	95,013,000		$	15,059,000		$	—		$	866,071,000
Ending balance specifically evaluated for impairment	$	17,332,000		$	1,819,000		$	5,790,000		$	—		$	19,695,000		$	—		$	1,695,000		$	—		$	—		$	46,331,000
Ending balance collectively evaluated for impairment	$	234,467,000		$	16,822,000		$	85,603,000		$	14,885,000		$	354,827,000		$	4,759,000		$	93,318,000		$	15,059,000		$	—		$	819,740,000

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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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