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Loans (Tables)

6 Months Ended

Jun. 30, 2015

Loans and Leases Receivable Disclosure [Abstract]

Composition of Loan Portfolio

The following table shows the composition of the Company's loan portfolio as of June 30, 2015 and 2014 and at December 31, 2014:

	June 30, 2015						December 31, 2014						June 30, 2014
Commercial
Real estate	$	249,414,000			25.9	%	$	242,311,000			26.4	%	$	245,660,000			27.5	%
Construction	39,504,000				4.1	%	30,932,000				3.4	%	17,084,000				1.9	%
Other	128,249,000				13.3	%	104,531,000				11.4	%	104,234,000				11.7	%
Municipal	22,821,000				2.4	%	20,424,000				2.2	%	17,893,000				2.0	%
Residential
Term	378,090,000				39.2	%	384,032,000				41.9	%	379,027,000				42.5	%
Construction	14,215,000				1.5	%	12,160,000				1.3	%	13,253,000				1.5	%
Home equity line of credit	108,788,000				11.3	%	103,521,000				11.3	%	97,821,000				11.0	%
Consumer	22,028,000				2.3	%	19,653,000				2.1	%	16,892,000				1.9	%
Total	$	963,109,000			100.0	%	$	917,564,000			100.0	%	$	891,864,000			100.0	%

Past Due Loans Aging

Information on the past-due status of loans by class of financing receivable as of June 30, 2015, 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	$	1,850,000			$	—			$	264,000			$	2,114,000			$	247,300,000			$	249,414,000			$	—
Construction	—				—				208,000				208,000				39,296,000				39,504,000				—
Other	124,000				—				138,000				262,000				127,987,000				128,249,000				—
Municipal	—				—				—				—				22,821,000				22,821,000				—
Residential
Term	810,000				2,314,000				3,146,000				6,270,000				371,820,000				378,090,000				90,000
Construction	160,000				—				—				160,000				14,055,000				14,215,000				—
Home equity line of credit	649,000				122,000				838,000				1,609,000				107,179,000				108,788,000				35,000
Consumer	152,000				130,000				111,000				393,000				21,635,000				22,028,000				111,000
Total	$	3,745,000			$	2,566,000			$	4,705,000			$	11,016,000			$	952,093,000			$	963,109,000			$	236,000

Information on the past-due status of loans by class of financing receivable as of December 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	$	346,000			$	107,000			$	407,000			$	860,000			$	241,451,000			$	242,311,000			$	—
Construction	—				41,000				208,000				249,000				30,683,000				30,932,000				—
Other	336,000				543,000				314,000				1,193,000				103,338,000				104,531,000				—
Municipal	—				—				—				—				20,424,000				20,424,000				—
Residential
Term	1,140,000				2,118,000				3,745,000				7,003,000				377,029,000				384,032,000				101,000
Construction	—				—				—				—				12,160,000				12,160,000				—
Home equity line of credit	621,000				769,000				732,000				2,122,000				101,399,000				103,521,000				—
Consumer	303,000				53,000				80,000				436,000				19,217,000				19,653,000				80,000
Total	$	2,746,000			$	3,631,000			$	5,486,000			$	11,863,000			$	905,701,000			$	917,564,000			$	181,000

Information on the past-due status of loans by class of financing receivable as of June 30, 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	$	925,000			$	—			$	1,157,000			$	2,082,000			$	243,578,000			$	245,660,000			$	—
Construction	—				—				208,000				208,000				16,876,000				17,084,000				—
Other	256,000				21,000				599,000				876,000				103,358,000				104,234,000				—
Municipal	—				—				—				—				17,893,000				17,893,000				—
Residential
Term	813,000				1,735,000				3,880,000				6,428,000				372,599,000				379,027,000				87,000
Construction	—				—				—				—				13,253,000				13,253,000				—
Home equity line of credit	471,000				93,000				875,000				1,439,000				96,382,000				97,821,000				—
Consumer	131,000				11,000				76,000				218,000				16,674,000				16,892,000				76,000
Total	$	2,596,000			$	1,860,000			$	6,795,000			$	11,251,000			$	880,613,000			$	891,864,000			$	163,000

Nonaccrual Loans

Information on nonaccrual loans as of June 30, 2015 and 2014 and at December 31, 2014 is presented in the following table:

	June 30, 2015				December 31, 2014				June 30, 2014
Commercial
Real estate	$	1,538,000			$	2,088,000			$	3,089,000
Construction	208,000				208,000				208,000
Other	429,000				935,000				2,017,000
Municipal	—				—				—
Residential
Term	5,698,000				6,421,000				6,432,000
Construction	—				—				—
Home equity line of credit	964,000				832,000				902,000
Consumer	95,000				26,000				—
Total	$	8,932,000			$	10,510,000			$	12,648,000

Impaired Loans by class of financing receivable

A breakdown of impaired loans by class of financing receivable as of and for the period ended June 30, 2015, is presented in the following table:

													For the six months ended June 30, 2015								For the quarter ended June 30, 2015
	Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Recognized Interest Income				Average Recorded Investment				Recognized Interest Income
With No Related Allowance
Commercial
Real estate	$	8,986,000			$	9,436,000			$	—			$	9,959,000			$	182,000			$	9,020,000			$	93,000
Construction	—				—				—				—				—				—				—
Other	1,789,000				1,855,000				—				2,267,000				42,000				2,069,000				27,000
Municipal	—				—				—				—				—				—				—
Residential
Term	9,636,000				10,537,000				—				10,797,000				173,000				10,458,000				90,000
Construction	—				—				—				—				—				—				—
Home equity line of credit	1,504,000				2,140,000				—				1,326,000				15,000				1,371,000				8,000
Consumer	95,000				138,000				—				52,000				3,000				80,000				—
	$	22,010,000			$	24,106,000			$	—			$	24,401,000			$	415,000			$	22,998,000			$	218,000
With an Allowance Recorded
Commercial
Real estate	$	3,580,000			$	3,671,000			$	225,000			$	2,807,000			$	71,000			$	3,618,000			$	39,000
Construction	989,000				989,000				275,000				1,311,000				25,000				1,249,000				13,000
Other	317,000				331,000				275,000				399,000				4,000				471,000				3,000
Municipal	—				—				—				—				—				—				—
Residential
Term	5,784,000				6,082,000				501,000				5,348,000				120,000				5,463,000				60,000
Construction	—				—				—				—				—				—				—
Home equity line of credit	68,000				69,000				31,000				307,000				2,000				226,000				—
Consumer	—				—				—				—				—				—				2,000
	$	10,738,000			$	11,142,000			$	1,307,000			$	10,172,000			$	222,000			$	11,027,000			$	117,000
Total
Commercial
Real estate	$	12,566,000			$	13,107,000			$	225,000			$	12,766,000			$	253,000			$	12,638,000			$	132,000
Construction	989,000				989,000				275,000				1,311,000				25,000				1,249,000				13,000
Other	2,106,000				2,186,000				275,000				2,666,000				46,000				2,540,000				30,000
Municipal	—				—				—				—				—				—				—
Residential
Term	15,420,000				16,619,000				501,000				16,145,000				293,000				15,921,000				150,000
Construction	—				—				—				—				—				—				—
Home equity line of credit	1,572,000				2,209,000				31,000				1,633,000				17,000				1,597,000				8,000
Consumer	95,000				138,000				—				52,000				3,000				80,000				2,000
	$	32,748,000			$	35,248,000			$	1,307,000			$	34,573,000			$	637,000			$	34,025,000			$	335,000

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, 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	$	11,687,000			$	12,423,000			$	—			$	11,080,000			$	488,000
Construction	—				—				—				30,000				—
Other	2,616,000				3,407,000				—				3,853,000				156,000
Municipal	—				—				—				—				—
Residential
Term	10,820,000				11,824,000				—				10,505,000				402,000
Construction	—				—				—				—				—
Home equity line of credit	1,164,000				1,395,000				—				1,447,000				29,000
Consumer	26,000				28,000				—				11,000				3,000
	$	26,313,000			$	29,077,000			$	—			$	26,926,000			$	1,078,000
With an Allowance Recorded
Commercial
Real estate	$	1,617,000			$	1,789,000			$	346,000			$	3,040,000			$	62,000
Construction	1,380,000				1,380,000				413,000				1,279,000				56,000
Other	326,000				338,000				129,000				1,103,000				13,000
Municipal	—				—				—				—				—
Residential
Term	5,303,000				5,513,000				519,000				5,738,000				239,000
Construction	—				—				—				—				—
Home equity line of credit	923,000				929,000				396,000				318,000				17,000
Consumer	—				—				—				—				—
	$	9,549,000			$	9,949,000			$	1,803,000			$	11,478,000			$	387,000
Total
Commercial
Real estate	$	13,304,000			$	14,212,000			$	346,000			$	14,120,000			$	550,000
Construction	1,380,000				1,380,000				413,000				1,309,000				56,000
Other	2,942,000				3,745,000				129,000				4,956,000				169,000
Municipal	—				—				—				—				—
Residential
Term	16,123,000				17,337,000				519,000				16,243,000				641,000
Construction	—				—				—				—				—
Home equity line of credit	2,087,000				2,324,000				396,000				1,765,000				46,000
Consumer	26,000				28,000				—				11,000				3,000
	$	35,862,000			$	39,026,000			$	1,803,000			$	38,404,000			$	1,465,000

A breakdown of impaired loans by class of financing receivable as of and for the period ended June 30, 2014, is presented in the following table:

													For the six months ended June 30, 2014								For the quarter ended June 30, 2014
	Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Recognized Interest Income				Average Recorded Investment				Recognized Interest Income
With No Related Allowance
Commercial
Real estate	$	10,688,000			$	11,228,000			$	—			$	10,458,000			$	201,000			$	9,181,000			$	112,000
Construction	—				—				—				60,000				—				52,000				—
Other	3,271,000				3,549,000				—				4,796,000				56,000				4,443,000				32,000
Municipal	—				—				—				—				—				—				—
Residential
Term	10,271,000				11,082,000				—				10,845,000				183,000				10,364,000				88,000
Construction	—				—				—				—				—				—				—
Home equity line of credit	1,242,000				1,484,000				—				1,753,000				14,000				1,996,000				7,000
Consumer	—				—				—				—				—				—				—
	$	25,472,000			$	27,343,000			$	—			$	27,912,000			$	454,000			$	26,036,000			$	239,000
With an Allowance Recorded
Commercial
Real estate	$	4,115,000			$	4,270,000			$	1,150,000			$	3,599,000			$	81,000			$	3,665,000			$	42,000
Construction	1,492,000				1,492,000				487,000				1,140,000				28,000				995,000				14,000
Other	1,054,000				1,114,000				830,000				1,364,000				12,000				1,674,000				8,000
Municipal	—				—				—				—				—				—				—
Residential
Term	5,831,000				6,018,000				606,000				5,850,000				128,000				5,883,000				63,000
Construction	—				—				—				—				—				—				—
Home equity line of credit	291,000				296,000				73,000				261,000				1,000				400,000				1,000
Consumer	—				—				—				—				—				—				—
	$	12,783,000			$	13,190,000			$	3,146,000			$	12,214,000			$	250,000			$	12,617,000			$	128,000
Total
Commercial
Real estate	$	14,803,000			$	15,498,000			$	1,150,000			$	14,057,000			$	282,000			$	12,846,000			$	154,000
Construction	1,492,000				1,492,000				487,000				1,200,000				28,000				1,047,000				14,000
Other	4,325,000				4,663,000				830,000				6,160,000				68,000				6,117,000				40,000
Municipal	—				—				—				—				—				—				—
Residential
Term	16,102,000				17,100,000				606,000				16,695,000				311,000				16,247,000				151,000
Construction	—				—				—				—				—				—				—
Home equity line of credit	1,533,000				1,780,000				73,000				2,014,000				15,000				2,396,000				8,000
Consumer	—				—				—				—				—				—				—
	$	38,255,000			$	40,533,000			$	3,146,000			$	40,126,000			$	704,000			$	38,653,000			$	367,000

Troubled Debt Restructurings on Financing Receivables

The following table shows TDRs by class and the specific reserve as of June 30, 2015:

	Number of Loans			Balance				Specific Reserves
Commercial
Real estate	17			$	11,754,000			$	130,000
Construction	1			781,000				68,000
Other	13			1,675,000				—
Municipal	—			—				—
Residential
Term	52			10,789,000				435,000
Construction	—			—				—
Home equity line of credit	5			792,000				—
Consumer	—			—				—
	88			$	25,791,000			$	633,000

The following table shows TDRs by class and the specific reserve as of December 31, 2014:

	Number of Loans			Balance				Specific Reserves
Commercial
Real estate	19			$	12,282,000			$	267,000
Construction	1			1,172,000				207,000
Other	15			2,007,000				—
Municipal	—			—				—
Residential
Term	54			10,932,000				373,000
Construction	—			—				—
Home equity line of credit	5			821,000				21,000
Consumer	—			—				—
	94			$	27,214,000			$	868,000

The following table shows TDRs by class and the specific reserve as of June 30, 2014:

	Number of Loans			Balance				Specific Reserves
Commercial
Real estate	18			$	12,702,000			$	774,000
Construction	1			1,284,000				280,000
Other	18			2,311,000				142,000
Municipal	—			—				—
Residential
Term	55			11,166,000				383,000
Construction	—			—				—
Home equity line of credit	5			832,000				21,000
Consumer	—			—				—
	97			$	28,295,000			$	1,600,000

As of June 30, 2015, nine of the loans classified as TDRs with a total balance of $1,455,000 were more than 30 days past due. None of these loans 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 June 30, 2015:

	Number of Loans			Balance				Specific Reserves
Commercial
Real estate	—			$	—			$	—
Construction	—			—				—
Other	—			—				—
Municipal	—			—				—
Residential
Term	8			1,271,000				87,000
Construction	—			—				—
Home equity line of credit	1			184,000				—
Consumer	—			—				—
	9			$	1,455,000			$	87,000

As of June 30, 2014, 12 of the loans classified as TDRs with a total balance of $2,052,000 were more than 30 days past due. Of these loans, two loans with an outstanding balance of $256,000 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 June 30, 2014:

	Number of Loans			Balance				Specific Reserves
Commercial
Real estate	1			$	518,000			$	259,000
Construction	—			—				—
Other	—			—				—
Municipal	—			—				—
Residential
Term	10			1,333,000				35,000
Construction	—			—				—
Home equity line of credit	1			201,000				21,000
Consumer	—			—				—
	12			$	2,052,000			$	315,000

For the six months ended June 30, 2015, no loans were placed on TDR status. This compares to three loans placed on TDR status with a post-modification outstanding balance of $291,000 for the six months ended June 30, 2014. These were considered TDRs because concessions had been granted to borrowers experiencing financial difficulties. Concessions include reductions in interest rates, principal and/or interest forbearance, payment extensions, or combinations thereof.

The following table shows loans placed on TDR status in the six months ended June 30, 2014, by class of loan and the associated specific reserve included in the allowance for loan losses as of June 30, 2014:

For the six months ended June 30, 2014	Number of Loans			Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment				Specific Reserves
Commercial
Real estate	—			$	—			$	—			$	—
Construction	—			—				—				—
Other	—			—				—				—
Municipal	—			—				—				—
Residential
Term	3			349,000				291,000				17,000
Construction	—			—				—				—
Home equity line of credit	—			—				—				—
Consumer	—			—				—				—
	3			$	349,000			$	291,000			$	17,000

For the quarters ended June 30, 2015 and 2014, no loans were placed on TDR status.

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Tabular disclosure of the composition of loans contained in the loan portfolio.

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Tabular disclosure of impaired financing receivables.

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



-Publisher FASB



-Name Accounting Standards Codification



-Topic 310



-SubTopic 10



-Section 50



-Paragraph 15



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Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status.

+ References

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



-Publisher FASB



-Name Accounting Standards Codification



-Topic 310



-SubTopic 10



-Section 50



-Paragraph 7



-URI http://asc.fasb.org/extlink&oid=49124121&loc=d3e5111-111524



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-Publisher FASB



-Name Accounting Standards Codification



-Topic 310



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-Section 50



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Tabular disclosure of nonaccrual and past due financing receivables (such as loans and trade receivables), including: (a) the recorded investment in loans and trade receivables, if applicable, on nonaccrual status as of each balance sheet date (b) the recorded investment in loans and trade receivables, if applicable, past due 90 days or more and still accruing.

+ References

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



-Publisher FASB



-Name Accounting Standards Codification



-Topic 310



-SubTopic 10



-Section 50



-Paragraph 7



-URI http://asc.fasb.org/extlink&oid=49124121&loc=d3e5111-111524

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Tabular disclosure of financing receivables and troubled debt restructurings.

+ References

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



-Publisher FASB



-Name Accounting Standards Codification



-Topic 310



-SubTopic 10



-Section 50



-Paragraph 33



-URI http://asc.fasb.org/extlink&oid=49124121&loc=SL6953676-111524



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



-Publisher FASB



-Name Accounting Standards Codification



-Topic 310



-SubTopic 10



-Section 50



-Paragraph 34



-URI http://asc.fasb.org/extlink&oid=49124121&loc=SL6953682-111524

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