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Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2014

Allowance for Loan and Lease Losses, Adjustments, Net [Abstract]

Allowance for loan losses by class of financing receivable and allowance

The following table summarizes the composition of the allowance for loan losses, by class of financing receivable and allowance, as of December 31, 2014 and 2013:

As of December 31,	2014				2013
Allowance for Loans Evaluated Individually for Impairment
Commercial
Real estate	$	346,000			$	890,000
Construction	413,000				272,000
Other	129,000				841,000
Municipal	—				—
Residential
Term	519,000				404,000
Construction	—				—
Home equity line of credit	396,000				54,000
Consumer	—				—
Total	$	1,803,000			$	2,461,000
Allowance for Loans Evaluated Collectively for Impairment
Commercial
Real estate	$	3,186,000			$	3,712,000
Construction	410,000				303,000
Other	1,376,000				1,435,000
Municipal	15,000				15,000
Residential
Term	666,000				695,000
Construction	20,000				21,000
Home equity line of credit	664,000				621,000
Consumer	542,000				573,000
Unallocated	1,662,000				1,678,000
Total	$	8,541,000			$	9,053,000
Total Allowance for Loan Losses
Commercial
Real estate	$	3,532,000			$	4,602,000
Construction	823,000				575,000
Other	1,505,000				2,276,000
Municipal	15,000				15,000
Residential
Term	1,185,000				1,099,000
Construction	20,000				21,000
Home equity line of credit	1,060,000				675,000
Consumer	542,000				573,000
Unallocated	1,662,000				1,678,000
Total	$	10,344,000			$	11,514,000

Loan losses by loan segment and allowance element

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

As of December 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	$	346,000			$	1,444,000			$	1,742,000			$	—			$	3,532,000
Construction	413,000				186,000				224,000				—				823,000
Other	129,000				624,000				752,000				—				1,505,000
Municipal	—				—				15,000				—				15,000
Residential
Term	519,000				297,000				369,000				—				1,185,000
Construction	—				9,000				11,000				—				20,000
Home equity line of credit	396,000				376,000				288,000				—				1,060,000
Consumer	—				346,000				196,000				—				542,000
Unallocated	—				—				—				1,662,000				1,662,000
	$	1,803,000			$	3,282,000			$	3,597,000			$	1,662,000			$	10,344,000

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

Summary of Risk Ratings for Loans

The following table summarizes the risk ratings for the Company's commercial construction, commercial real estate, commercial other and municipal loans as of December 31, 2014:

	Commercial Real Estate				Commercial Construction				Commercial Other				Municipal Loans				All Risk- Rated Loans
1 Strong	$	12,000			$	—			$	330,000			$	—			$	342,000
2 Above average	12,668,000				771,000				7,210,000				18,789,000				39,438,000
3 Satisfactory	50,275,000				1,983,000				24,232,000				1,635,000				78,125,000
4 Average	108,719,000				23,345,000				44,895,000				—				176,959,000
5 Watch	36,974,000				1,567,000				18,171,000				—				56,712,000
6 OAEM	9,846,000				2,519,000				1,970,000				—				14,335,000
7 Substandard	23,817,000				747,000				7,723,000				—				32,287,000
8 Doubtful	—				—				—				—				—
Total	$	242,311,000			$	30,932,000			$	104,531,000			$	20,424,000			$	398,198,000

The following table summarizes the risk ratings for the Company's commercial construction, commercial real estate, 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

Allowance for Loan Losses Transactions

Allowance for loan losses activity for the years ended December 31, 2014, 2013 and 2012 was as follows:

For the year ended December 31, 2014	Commercial																Residential								Home Equity Line of Credit
	Real Estate				Construction				Other				Municipal				Term				Construction								Consumer				Unallocated				Total
Allowance for loan losses:
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
Chargeoffs	1,205,000				—				989,000				—				699,000				—				153,000				449,000				—				3,495,000
Recoveries	144,000				—				758,000				—				36,000				25,000				16,000				196,000				—				1,175,000
Provision (credit)	(9,000		)		248,000				(540,000		)		—				749,000				(26,000		)		522,000				222,000				(16,000		)		1,150,000
Ending balance	$	3,532,000			$	823,000			$	1,505,000			$	15,000			$	1,185,000			$	20,000			$	1,060,000			$	542,000			$	1,662,000			$	10,344,000
Ending balance specifically evaluated for impairment	$	346,000			$	413,000			$	129,000			$	—			$	519,000			$	—			$	396,000			$	—			$	—			$	1,803,000
Ending balance collectively evaluated for impairment	$	3,186,000			$	410,000			$	1,376,000			$	15,000			$	666,000			$	20,000			$	664,000			$	542,000			$	1,662,000			$	8,541,000
Related loan balances:
Ending balance	$	242,311,000			$	30,932,000			$	104,531,000			$	20,424,000			$	384,032,000			$	12,160,000			$	103,521,000			$	19,653,000			$	—			$	917,564,000
Ending balance specifically evaluated for impairment	$	13,304,000			$	1,380,000			$	2,942,000			$	—			$	16,123,000			$	—			$	2,087,000			$	26,000			$	—			$	35,862,000
Ending balance collectively evaluated for impairment	$	229,007,000			$	29,552,000			$	101,589,000			$	20,424,000			$	367,909,000			$	12,160,000			$	101,434,000			$	19,627,000			$	—			$	881,702,000

For the year ended December 31, 2013	Commercial																Residential								Home Equity Line of Credit
	Real Estate				Construction				Other				Municipal				Term				Construction								Consumer				Unallocated				Total
Allowance for loan losses:
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
Chargeoffs	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
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:
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

For the year ended December 31, 2012	Commercial																Residential								Home Equity Line of Credit
	Real Estate				Construction				Other				Municipal				Term				Construction								Consumer				Unallocated				Total
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
Chargeoffs	1,394,000				928,000				3,215,000				—				1,911,000				389,000				688,000				555,000				—				9,080,000
Recoveries	13,000				246,000				113,000				—				110,000				54,000				1,000				208,000				—				745,000
Provision (credit)	1,587,000				1,383,000				3,089,000				(1,000		)		1,751,000				91,000				746,000				355,000				(1,166,000		)		7,835,000
Ending 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
Ending balance specifically evaluated for impairment	$	1,523,000			$	969,000			$	652,000			$	—			$	395,000			$	—			$	—			$	—			$	—			$	3,539,000
Ending balance collectively evaluated for impairment	$	4,342,000			$	390,000			$	1,398,000			$	18,000			$	714,000			$	11,000			$	654,000			$	592,000			$	842,000			$	8,961,000
Related loan balances:
Ending balance	$	251,335,000			$	22,417,000			$	81,183,000			$	14,704,000			$	379,447,000			$	6,459,000			$	99,082,000			$	14,657,000			$	—			$	869,284,000
Ending balance specifically evaluated for impairment	$	15,774,000			$	3,354,000			$	5,861,000			$	—			$	19,444,000			$	—			$	1,311,000			$	—			$	—			$	45,744,000
Ending balance collectively evaluated for impairment	$	235,561,000			$	19,063,000			$	75,322,000			$	14,704,000			$	360,003,000			$	6,459,000			$	97,771,000			$	14,657,000			$	—			$	823,540,000

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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.

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- Definition

Tabular disclosure for the allowance which consists of four elements: (1) specific reserves for loans evaluated individually for impairment; (2) general reserves for types or portfolios of loans based on historical loan loss experience, (3) qualitative reserves judgmentally adjusted for local and national economic conditions, and other factors as applicable; and (4) unallocated reserves.

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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.

+ 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



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-Publisher FASB

-Name Accounting Standards Codification

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-Section 55

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