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Loans and Related Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2014

Loans and Related Allowance for Loan Losses [Abstract]

Primary Segments of the Loan Portfolio

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

(in thousands)	Commercial Real Estate		Acquisition and Development		Commercial and Industrial		Residential Mortgage		Consumer		Total
September 30, 2014
Individually evaluated for impairment	$	12,425	$	7,735	$	1,882	$	6,768	$	0	$	28,810
Collectively evaluated for impairment	$	240,662	$	89,251	$	87,476	$	354,597	$	24,129	$	796,115
Total loans	$	253,087	$	96,986	$	89,358	$	361,365	$	24,129	$	824,925
December 31, 2013
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
Total loans	$	267,978	$	107,250	$	59,788	$	350,906	$	24,318	$	810,240

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 September 30, 2014 and December 31, 2013:

(in thousands)	Pass		Special Mention		Substandard		Total
September 30, 2014
Commercial real estate
Non owner-occupied	$	105,951	$	1,305	$	25,355	$	132,611
All other CRE		91,792		8,755		19,929		120,476
Acquisition and development
1-4 family residential construction		12,900		0		1,004		13,904
All other A&D		68,586		1,398		13,098		83,082
Commercial and industrial		86,641		886		1,831		89,358
Residential mortgage
Residential mortgage - term		272,979		701		12,166		285,846
Residential mortgage - home equity		73,857		97		1,565		75,519
Consumer		24,036		0		93		24,129
Total	$	736,742	$	13,142	$	75,041	$	824,925
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 September 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
September 30, 2014
Commercial real estate
Non owner-occupied	$	128,145	$	306	$	3,179	$	187	$	3,672	$	794	$	132,611
All other CRE		115,367		269		0		0		269		4,840		120,476
Acquisition and development
1-4 family residential construction		13,812		0		0		0		0		92		13,904
All other A&D		78,020		0		419		87		506		4,556		83,082
Commercial and industrial		89,102		6		22		0		28		228		89,358
Residential mortgage
Residential mortgage - term		279,157		569		2,263		957		3,789		2,900		285,846
Residential mortgage - home equity		74,465		318		138		95		551		503		75,519
Consumer		23,773		248		79		29		356		0		24,129
Total	$	801,841	$	1,716	$	6,100	$	1,355	$	9,171	$	13,913	$	824,925
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
September 30, 2014
Individually evaluated for impairment	$	0	$	1,100	$	0	$	62	$	0	$	1,162
Collectively evaluated for impairment	$	2,592	$	2,610	$	1,591	$	3,917	$	196	$	10,906
Total ALL	$	2,592	$	3,710	$	1,591	$	3,979	$	196	$	12,068
December 31, 2013
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
Total ALL	$	4,052	$	4,172	$	766	$	4,320	$	284	$	13,594

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 September 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
September 30, 2014
Commercial real estate
Non owner-occupied	$	0	$	0	$	4,245	$	4,245	$	4,255
All other CRE		0		0		8,180		8,180		8,308
Acquisition and development
1-4 family residential construction		912		130		92		1,004		1,068
All other A&D		3,162		970		3,569		6,731		12,999
Commercial and industrial		0		0		1,882		1,882		2,691
Residential mortgage
Residential mortgage - term		346		62		5,919		6,265		6,791
Residential mortgage – home equity		0		0		503		503		563
Consumer		0		0		0		0		0
Total impaired loans	$	4,420	$	1,162	$	24,390	$	28,810	$	36,675
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 nine- and three-month periods ended September 30, 2014 and September 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		(85)		(2,423)		(213)		(682)		(380)		(3,783)
Recoveries		11		104		22		183		308		628
Provision		(1,386)		1,857		1,016		158		(16)		1,629
ALL balance at September 30, 2014	$	2,592	$	3,710	$	1,591	$	3,979	$	196	$	12,068
ALL balance at January 1, 2013	$	5,206	$	5,029	$	906	$	4,507	$	399	$	16,047
Charge-offs		(233)		(276)		(1,051)		(317)		(375)		(2,252)
Recoveries		1,004		33		68		154		258		1,517
Provision		(1,509)		495		815		18		20		(161)
ALL balance at September 30, 2013	$	4,468	$	5,281	$	738	$	4,362	$	302	$	15,151

(in thousands)	Commercial Real Estate		Acquisition and Development		Commercial and Industrial		Residential Mortgage		Consumer		Total
ALL balance at July 1, 2014	$	2,839	$	3,642	$	1,553	$	4,178	$	251	$	12,463
Charge-offs		(64)		(903)		(5)		(116)		(117)		(1,205)
Recoveries		1		33		15		27		46		122
Provision		(184)		938		28		(110)		16		688
ALL balance at September 30, 2014	$	2,592	$	3,710	$	1,591	$	3,979	$	196	$	12,068
ALL balance at July 1, 2013	$	5,261	$	4,875	$	753	$	4,304	$	329	$	15,522
Charge-offs		(49)		(14)		(47)		(61)		(100)		(271)
Recoveries		877		12		17		35		66		1,007
Provision		(1,621)		408		15		84		7		(1,107)
ALL balance at September 30, 2013	$	4,468	$	5,281	$	738	$	4,362	$	302	$	15,151

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:

	Nine Months Ended						Nine Months Ended
	September 30, 2014						September 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	$	1,890	$	28	$	0	$	4,161	$	33	$	1,454
All other CRE		9,497		116		67		10,698		261		46
Acquisition and development
1-4 family residential construction		1,690		34		0		3,033		59		0
All other A&D		8,108		129		0		18,614		394		575
Commercial and industrial		2,065		70		2		2,844		88		0
Residential mortgage
Residential mortgage - term		6,552		154		55		4,816		56		7
Residential mortgage – home equity		640		4		4		555		18		0
Consumer		11		0		0		75		0		0
Total	$	30,453	$	535	$	128	$	44,796	$	909	$	2,082

	Three Months Ended						Three Months Ended
	September 30, 2014						September 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	$	2,591	$	17	$	0	$	3,048	$	10	$	1,454
All other CRE		8,506		35		23		10,704		83		0
Acquisition and development
1-4 family residential construction		1,016		9		0		3,237		17		0
All other A&D		7,540		33		0		15,879		125		272
Commercial and industrial		1,905		21		0		2,257		22		0
Residential mortgage
Residential mortgage - term		6,225		47		3		5,684		23		5
Residential mortgage – home equity		597		0		3		536		6		0
Consumer		0		0		0		74		0		0
Total	$	28,380	$	162	$	29	$	41,419	$	286	$	1,731

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
Nine Months Ended September 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 September 30, 2014
Commercial real estate
Non owner-occupied	0	$	0	0	$	0	0	$	0
All other CRE	0		0	0		0	0		0
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	0	$	0

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