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Loans And Related Allowance For Loan Losses (Tables)

6 Months Ended

Jun. 30, 2014

The following table summarizes the primary segments of the loan portfolio as of June 30, 2014 and December 31, 2013:



(in thousands)	Commercial Real Estate		Acquisition and Development		Commercial and Industrial		Residential Mortgage		Consumer		Total
June 30, 2014
Total loans	$	267,027	$	98,200	$	81,171	$	355,188	$	23,552	$	825,138
Individually evaluated for impairment	$	9,767	$	9,376	$	1,927	$	6,877	$	0	$	27,947
Collectively evaluated for impairment	$	257,260	$	88,824	$	79,244	$	348,311	$	23,552	$	797,191

December 31, 2013
Total loans	$	267,978	$	107,250	$	59,788	$	350,906	$	24,318	$	810,240
Individually evaluated for impairment	$	11,740	$	11,703	$	2,299	$	7,546	$	21	$	33,309
Collectively evaluated for impairment	$	256,238	$	95,547	$	57,489	$	343,360	$	24,297	$	776,931

Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating

The following table presents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention and Substandard within the internal risk rating system as of June 30, 2014 and December 31, 2013:




(in thousands)	Pass		Special Mention		Substandard		Total
June 30, 2014
Commercial real estate
Non owner-occupied	$	111,329	$	9,113	$	25,093	$	145,535
All other CRE		91,922		8,303		21,267		121,492
Acquisition and development
1-4 family residential construction		12,541		0		1,027		13,568
All other A&D		65,984		1,697		16,951		84,632
Commercial and industrial		78,792		188		2,191		81,171
Residential mortgage
Residential mortgage - term		267,317		798		12,468		280,583
Residential mortgage - home equity		72,192		526		1,887		74,605
Consumer		23,462		0		90		23,552
Total	$	723,539	$	20,625	$	80,974	$	825,138

December 31, 2013
Commercial real estate
Non owner-occupied	$	103,556	$	9,243	$	24,745	$	137,544
All other CRE		100,461		8,479		21,494		130,434
Acquisition and development
1-4 family residential construction		8,764		0		4,497		13,261
All other A&D		73,198		1,787		19,004		93,989
Commercial and industrial		55,768		140		3,880		59,788
Residential mortgage
Residential mortgage - term		261,735		752		11,980		274,467
Residential mortgage - home equity		73,901		628		1,910		76,439
Consumer		24,143		5		170		24,318
Total	$	701,526	$	21,034	$	87,680	$	810,240

Loan Portfolio Summarized by the Past Due Status

The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and non-accrual loans as of June 30, 2014 and December 31, 2013:



(in thousands)	Current		30-59 Days Past Due		60-89 Days Past Due		90 Days+ Past Due		Total Past Due and Accruing		Non-Accrual		Total Loans
June 30, 2014
Commercial real estate
Non owner-occupied	$	141,002	$	3,402	$	260	$	208	$	3,870	$	663	$	145,535
All other CRE		116,152		242		0		0		242		5,098		121,492
Acquisition and development
1-4 family residential construction		13,458		0		0		0		0		110		13,568
All other A&D		78,410		20		47		242		309		5,913		84,632
Commercial and industrial		81,103		52		11		5		68		0		81,171
Residential mortgage
Residential mortgage - term		274,066		741		2,334		665		3,740		2,777		280,583
Residential mortgage - home equity		73,355		364		214		0		578		672		74,605
Consumer		23,203		194		135		20		349		0		23,552
Total	$	800,749	$	5,015	$	3,001	$	1,140	$	9,156	$	15,233	$	825,138

December 31, 2013
Commercial real estate
Non owner-occupied	$	136,462	$	191	$	145	$	65	$	401	$	681	$	137,544
All other CRE		121,985		1,490		207		0		1,697		6,752		130,434
Acquisition and development
1-4 family residential construction		12,018		0		139		0		139		1,104		13,261
All other A&D		88,071		1,075		33		282		1,390		4,528		93,989
Commercial and industrial		59,320		87		57		133		277		191		59,788
Residential mortgage
Residential mortgage - term		259,239		8,258		2,541		634		11,433		3,795		274,467
Residential mortgage - home equity		74,917		656		439		96		1,191		331		76,439
Consumer		23,802		350		128		24		502		14		24,318
Total	$	775,814	$	12,107	$	3,689	$	1,234	$	17,030	$	17,396	$	810,240

Primary Segments of the Allowance for Loan Loss



(in thousands)	Commercial Real Estate		Acquisition and Development		Commercial and Industrial		Residential Mortgage		Consumer		Total
June 30, 2014
Total ALL	$	2,839	$	3,642	$	1,553	$	4,178	$	251	$	12,463
Individually evaluated for impairment	$	0	$	1,392	$	0	$	62	$	0	$	1,454
Collectively evaluated for impairment	$	2,839	$	2,250	$	1,553	$	4,116	$	251	$	11,009

December 31, 2013
Total ALL	$	4,052	$	4,172	$	766	$	4,320	$	284	$	13,594
Individually evaluated for impairment	$	236	$	1,967	$	0	$	80	$	0	$	2,283
Collectively evaluated for impairment	$	3,816	$	2,205	$	766	$	4,240	$	284	$	11,311

Impaired Loans and Related Interest Income by Loan Portfolio Class

The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of June 30, 2014 and December 31, 2013:



		Impaired Loans with Specific Allowance				Impaired Loans with No Specific Allowance		Total Impaired Loans
(in thousands)		Recorded Investment		Related Allowances		Recorded Investment		Recorded Investment		Unpaid Principal Balance
June 30, 2014
Commercial real estate
Non owner-occupied	$	0	$	0	$	936	$	936	$	946
All other CRE		0		0		8,831		8,831		8,959
Acquisition and development
1-4 family residential construction		912		130		115		1,027		1,275
All other A&D		5,761		1,262		2,588		8,349		13,350
Commercial and industrial		0		0		1,927		1,927		1,927
Residential mortgage
Residential mortgage - term		346		62		5,840		6,186		6,700
Residential mortgage – home equity		0		0		691		691		691
Consumer		0		0		0		0		0
Total impaired loans	$	7,019	$	1,454	$	20,928	$	27,947	$	33,848

December 31, 2013
Commercial real estate
Non owner-occupied	$	257	$	59	$	922	$	1,179	$	1,191
All other CRE		1,080		177		9,481		10,561		10,689
Acquisition and development
1-4 family residential construction		2,651		634		7		2,658		2,704
All other A&D		4,037		1,333		5,008		9,045		13,394
Commercial and industrial		0		0		2,299		2,299		2,299
Residential mortgage
Residential mortgage - term		988		80		5,979		6,967		7,372
Residential mortgage – home equity		0		0		579		579		579
Consumer		0		0		21		21		21
Total impaired loans	$	9,013	$	2,283	$	24,296	$	33,309	$	38,249

Allowance for Loan Losses Summarized by Loan Portfolio Segments

Activity in the ALL is presented for the six- and three- months ended June 30, 2014 and June 30, 2013:



(in thousands)	Commercial Real Estate		Acquisition and Development		Commercial and Industrial		Residential Mortgage		Consumer		Total
ALL balance at January 1, 2014	$	4,052	$	4,172	$	766	$	4,320	$	284	$	13,594
Charge-offs		(21)		(1,520)		(208)		(566)		(263)		(2,578)
Recoveries		10		71		7		156		262		506
Provision		(1,202)		919		988		268		(32)		941
ALL balance at June 30, 2014	$	2,839	$	3,642	$	1,553	$	4,178	$	251	$	12,463

ALL balance at January 1, 2013	$	5,206	$	5,029	$	906	$	4,507	$	399	$	16,047
Charge-offs		(184)		(262)		(1,004)		(256)		(275)		(1,981)
Recoveries		127		21		51		119		192		510
Provision		112		87		800		(66)		13		946
ALL balance at June 30, 2013	$	5,261	$	4,875	$	753	$	4,304	$	329	$	15,522


(in thousands)	Commercial Real Estate		Acquisition and Development		Commercial and Industrial		Residential Mortgage		Consumer		Total
ALL balance at April 1, 2014	$	3,399	$	3,896	$	1,070	$	3,962	$	245	$	12,572
Charge-offs		0		(701)		(56)		(98)		(84)		(939)
Recoveries		0		59		4		107		83		253
Provision		(560)		388		535		207		7		577
ALL balance at June 30, 2014	$	2,839	$	3,642	$	1,553	$	4,178	$	251	$	12,463

ALL balance at April 1, 2013	$	5,789	$	4,760	$	645	$	4,483	$	348	$	16,025
Charge-offs		(184)		(258)		(128)		(101)		(132)		(803)
Recoveries		27		13		2		88		89		219
Provision		(371)		360		234		(166)		24		81
ALL balance at June 30, 2013	$	5,261	$	4,875	$	753	$	4,304	$	329	$	15,522

Average of Impaired Loans and Related Interest Income by Loan Portfolio Class

The following tables present the average recorded investment in impaired loans by class and related interest income recognized for the periods indicated:



	Six Months Ended						Six Months Ended
	June 30, 2014						June 30, 2013
(in thousands)	Average investment		Interest income recognized on an accrual basis		Interest income recognized on a cash basis		Average investment		Interest income recognized on an accrual basis		Interest income recognized on a cash basis
Commercial real estate
Non owner-occupied	$	1,105	$	11	$	0	$	5,194	$	23	$	0
All other CRE		9,936		81		44		10,657		178		46
Acquisition and development
1-4 family residential construction		1,919		25		0		2,961		42		0
All other A&D		8,567		96		0		20,022		269		303
Commercial and industrial		2,126		49		2		3,042		66		0
Residential mortgage
Residential mortgage - term		6,648		107		52		4,174		33		2
Residential mortgage – home equity		686		4		1		566		12		0
Consumer		11		0		0		86		0		0
Total	$	30,998	$	373	$	99	$	46,702	$	623	$	351


	Three Months Ended						Three Months Ended
	June 30, 2014						June 30, 2013
(in thousands)	Average investment		Interest income recognized on an accrual basis		Interest income recognized on a cash basis		Average investment		Interest income recognized on an accrual basis		Interest income recognized on a cash basis
Commercial real estate
Non owner-occupied	$	1,068	$	4	$	0	$	5,136	$	11	$	0
All other CRE		9,624		40		43		10,670		89		0
Acquisition and development
1-4 family residential construction		1,549		11		0		3,410		18		0
All other A&D		8,329		35		0		19,008		127		303
Commercial and industrial		2,040		23		0		2,838		31		0
Residential mortgage
Residential mortgage - term		6,489		53		43		4,384		14		0
Residential mortgage – home equity		739		1		0		575		6		0
Consumer		0		0		0		112		0		0
Total	$	29,838	$	167	$	86	$	46,133	$	296	$	303

Modification of Troubled Debt Restructuring by Class

The following table presents the volume and recorded investment at the time of modification of TDRs by class and type of modification that occurred during the periods indicated:


	Temporary Rate Modification			Extension of Maturity			Modification of Payment and Other Terms
(in thousands)	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
Six Months Ended June 30, 2014
Commercial real estate
Non owner-occupied	0	$	0	2	$	277	0	$	0
All other CRE	0		0	0		0	4		2,627
Acquisition and development
1-4 family residential construction	0		0	0		0	0		0
All other A&D	0		0	0		0	0		0
Commercial and industrial	0		0	0		0	0		0
Residential mortgage
Residential mortgage – term	1		90	0		0	0		0
Residential mortgage – home equity	0		0	0		0	0		0
Consumer	0		0	0		0	0		0
Total	1	$	90	2	$	277	4	$	2,627


	Temporary Rate						Modification of Payment
	Modification			Extension of Maturity			and Other Terms
	Number of	Recorded		Number of	Recorded		Number of	Recorded
(in thousands)	Contracts	Investment		Contracts	Investment		Contracts	Investment
Three Months Ended June 30, 2014
Commercial real estate
Non owner-occupied	0	$	0	0	$	0	0	$	0
All other CRE	0		0	0		0	3		2,173
Acquisition and development
1-4 family residential construction	0		0	0		0	0		0
All other A&D	0		0	0		0	0		0
Commercial and industrial	0		0	0		0	0		0
Residential mortgage
Residential mortgage – term	0		0	0		0	0		0
Residential mortgage – home equity	0		0	0		0	0		0
Consumer	0		0	0		0	0		0
Total	0	$	0	0	$	0	3	$	2,173