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Loans and Related Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2016

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 at September 30, 2016 and December 31, 2015:



(in thousands)	Commercial Real Estate		Acquisition and Development		Commercial and Industrial		Residential Mortgage		Consumer		Total
September 30, 2016

   Individually evaluated for impairment	$	20,568	$	2,541	$	1,061	$	5,024	$	0	$	29,194
   Collectively evaluated for impairment	$	272,019	$	109,050	$	74,536	$	393,445	$	24,245	$	873,295
Total loans	$	292,587	$	111,591	$	75,597	$	398,469	$	24,245	$	902,489

December 31, 2015

   Individually evaluated for impairment	$	14,646	$	4,496	$	1,076	$	4,590	$	0	$	24,808
   Collectively evaluated for impairment	$	265,859	$	106,490	$	72,777	$	384,149	$	24,940	$	854,215
Total loans	$	280,505	$	110,986	$	73,853	$	388,739	$	24,940	$	879,023



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 at September 30, 2016 and December 31, 2015:


(in thousands)	Pass		Special Mention		Substandard		Total
September 30, 2016
  Commercial real estate
     Non owner-occupied	$	138,595	$	11,315	$	12,711	$	162,621
     All other CRE		108,317		9,352		12,297		129,966
  Acquisition and development
     1-4 family residential construction		18,607		0		582		19,189
     All other A&D		88,708		67		3,627		92,402
  Commercial and industrial		73,630		158		1,809		75,597
  Residential mortgage
     Residential mortgage - term		310,243		0		10,779		321,022
     Residential mortgage - home equity		76,279		0		1,168		77,447
  Consumer		24,137		0		108		24,245
        Total	$	838,516	$	20,892	$	43,081	$	902,489

December 31, 2015
  Commercial real estate
     Non owner-occupied	$	140,378	$	11,574	$	7,378	$	159,330
     All other CRE		103,811		1,184		16,180		121,175
  Acquisition and development
     1-4 family residential construction		15,011		0		700		15,711
     All other A&D		89,963		74		5,238		95,275
  Commercial and industrial		69,420		1,212		3,221		73,853
  Residential mortgage
     Residential mortgage - term		300,558		167		10,744		311,469
     Residential mortgage - home equity		75,491		0		1,779		77,270
  Consumer		24,881		0		59		24,940
        Total	$	819,513	$	14,211	$	45,299	$	879,023



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 at September 30, 2016 and December 31, 2015:



(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, 2016
  Commercial real estate
     Non owner-occupied	$	152,608	$	326	$	0	$	0	$	326	$	9,687	$	162,621
     All other CRE		123,090		1,029		0		0		1,029		5,847		129,966
  Acquisition and development
     1-4 family residential construction		19,189		0		0		0		0		0		19,189
     All other A&D		92,041		35		91		189		315		46		92,402
  Commercial and industrial		75,536		47		2		12		61		0		75,597
  Residential mortgage
     Residential mortgage - term		315,522		359		2,582		233		3,174		2,326		321,022
     Residential mortgage - home equity		76,095		882		232		0		1,114		238		77,447
  Consumer		23,992		116		132		5		253		0		24,245
        Total	$	878,073	$	2,794	$	3,039	$	439	$	6,272	$	18,144	$	902,489

December 31, 2015
  Commercial real estate
     Non owner-occupied	$	157,217	$	634	$	171	$	0	$	805	$	1,308	$	159,330
     All other CRE		110,022		1,179		0		0		1,179		9,974		121,175
  Acquisition and development
     1-4 family residential construction		15,711		0		0		0		0		0		15,711
     All other A&D		93,284		0		174		0		174		1,817		95,275
  Commercial and industrial		73,619		13		36		0		49		185		73,853
  Residential mortgage
     Residential mortgage - term		306,248		227		2,149		907		3,283		1,938		311,469
     Residential mortgage - home equity		76,195		505		203		91		799		276		77,270
  Consumer		24,604		224		85		27		336		0		24,940
        Total	$	856,900	$	2,782	$	2,818	$	1,025	$	6,625	$	15,498	$	879,023



Primary Segments of the Allowance for Loan Loss

The following table summarizes the primary segments of the ALL at September 30, 2016 and December 31, 2015, segregated by the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment: 








(in thousands)	Commercial Real Estate		Acquisition and Development		Commercial and Industrial		Residential Mortgage		Consumer			Unallocated	Total
September 30, 2016

   Individually evaluated for impairment	$	1,886	$	159	$	0	$	143	$	0	$	0	$	2,188
   Collectively evaluated for impairment	$	3,638	$	1,107	$	890	$	3,522	$	199	$	500	$	9,856
Total ALL	$	5,524	$	1,266	$	890	$	3,665	$	199	$	500	$	12,044

December 31, 2015

   Individually evaluated for impairment	$	144	$	867	$	16	$	130	$	0	$	0	$	1,157
   Collectively evaluated for impairment	$	2,436	$	3,262	$	706	$	3,655	$	206	$	500	$	10,765
Total ALL	$	2,580	$	4,129	$	722	$	3,785	$	206	$	500	$	11,922



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 at September 30, 2016 and December 31, 2015:


		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, 2016
  Commercial real estate
     Non owner-occupied	$	9,440	$	1,780	$	635	$	10,075	$	10,200
     All other CRE		449		221		10,044		10,493		11,106
  Acquisition and development
     1-4 family residential construction		582		117		0		582		628
     All other A&D		248		42		1,711		1,959		2,200
  Commercial and industrial		0		0		1,061		1,061		1,870
  Residential mortgage
     Residential mortgage - term		408		28		4,378		4,786		5,135
     Residential mortgage – home equity		0		0		238		238		277
  Consumer		0		0		0		0		0
        Total impaired loans	$	11,127	$	2,188	$	18,067	$	29,194	$	31,416

December 31, 2015
  Commercial real estate
     Non owner-occupied	$	676	$	144	$	1,031	$	1,707	$	1,842
     All other CRE		0		0		12,939		12,939		13,302
  Acquisition and development
     1-4 family residential construction		700		178		0		700		746
     All other A&D		1,979		689		1,817		3,796		8,362
  Commercial and industrial		16		16		1,060		1,076		3,343
  Residential mortgage
     Residential mortgage - term		440		112		3,874		4,314		4,808
     Residential mortgage – home equity		57		18		219		276		297
  Consumer		0		0		0		0		0
        Total impaired loans	$	3,868	$	1,157	$	20,940	$	24,808	$	32,700



Allowance for Loan Losses Summarized by Loan Portfolio Segments

The following tables present the activity in the ALL for the nine- and three-month periods ended September 30, 2016 and 2015:




(in thousands)	Commercial Real Estate		Acquisition and Development		Commercial and Industrial		Residential Mortgage		Consumer			Unallocated	Total
ALL balance at January 1, 2016	$	2,580	$	4,129	$	722	$	3,785	$	206	$	500	$	11,922
Charge-offs		(2,632)		(78)		(518)		(516)		(237)		0		(3,981)
Recoveries		85		1,278		45		373		114		0		1,895
Provision		5,491		(4,063)		641		23		116		0		2,208
ALL balance at September 30, 2016	$	5,524	$	1,266	$	890	$	3,665	$	199	$	500	$	12,044

ALL balance at January 1, 2015	$	2,424	$	3,912	$	1,680	$	3,862	$	187	$	0	$	12,065
Charge-offs		(295)		(256)		0		(200)		(247)		0		(998)
Recoveries		66		100		24		162		166		0		518
Provision		386		732		(970)		(132)		110		500		626
ALL balance at September 30, 2015	$	2,581	$	4,488	$	734	$	3,692	$	216	$	500	$	12,211




(in thousands)	Commercial Real Estate		Acquisition and Development		Commercial and Industrial		Residential Mortgage		Consumer			Unallocated	Total
ALL balance at July 1, 2016	$	4,405	$	3,118	$	737	$	3,723	$	195	$	500	$	12,678
Charge-offs		(623)		0		(259)		(300)		(97)		0		(1,279)
Recoveries		(8)		(4)		7		319		37		0		351
Provision		1,750		(1,848)		405		(77)		64		0		294
ALL balance at September 30, 2016	$	5,524	$	1,266	$	890	$	3,665	$	199	$	500	$	12,044

ALL balance at July 1, 2015	$	2,566	$	3,806	$	1,007	$	3,707	$	223	$	500	$	11,809
Charge-offs		(8)		0		0		(164)		(73)		0		(245)
Recoveries		1		59		4		29		54		0		147
Provision		22		623		(277)		120		12		0		500
ALL balance at September 30, 2015	$	2,581	$	4,488	$	734	$	3,692	$	216	$	500	$	12,211



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, 2016						September 30, 2015
(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	$	5,903	$	125	$	0	$	4,314	$	117	$	0
     All other CRE		12,142		135		8		7,626		89		8
  Acquisition and development
     1-4 family residential construction		641		21		0		745		26		0
     All other A&D		2,933		72		0		5,311		94		0
  Commercial and industrial		1,095		32		0		1,471		60		18
  Residential mortgage
     Residential mortgage - term		4,718		121		4		4,245		124		4
     Residential mortgage – home equity		302		0		0		349		0		2
  Consumer		0		0		0		7		0		0
        Total	$	27,734	$	506	$	12	$	24,068	$	510	$	32






	Three months ended						Three months ended
	September 30, 2016						September 30, 2015
(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	$	10,210	$	78	$	0	$	4,607	$	39	$	0
     All other CRE		11,191		55		4		7,935		34		0
  Acquisition and development
     1-4 family residential construction		582		6		0		701		8		0
     All other A&D		1,997		24		0		5,091		31		0
  Commercial and industrial		1,119		13		0		1,253		13		0
  Residential mortgage
     Residential mortgage - term		4,916		43		0		4,400		42		2
     Residential mortgage – home equity		307		0		0		321		0		0
  Consumer		0		0		0		0		0		0
        Total	$	30,322	$	219	$	4	$	24,308	$	167	$	2



Modification of Troubled Debt Restructuring by Class



The following tables present 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, 2016
  Commercial real estate
     Non owner-occupied	0	$	0	0	$	0	0	$	0
     All other CRE	0		0	1		203	0		0
  Acquisition and development
     1-4 family residential construction	0		0	1		582	0		0
     All other A&D	0		0	1		1,664	0		0
  Commercial and industrial	0		0	1		482	1		486
  Residential mortgage
     Residential mortgage – term	1		54	1		61	1		72
     Residential mortgage – home equity	0		0	0		0	0		0
  Consumer	0		0	0		0	0		0
        Total	1	$	54	5	$	2,992	2	$	558








	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
Three months ended September 30, 2016
  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	1		582	0		0
     All other A&D	0		0	1		1,664	0		0
  Commercial and industrial	0		0	1		482	0		0
  Residential mortgage
     Residential mortgage – term	0		0	1		61	0		0
     Residential mortgage – home equity	0		0	0		0	0		0
  Consumer	0		0	0		0	0		0
        Total	0	$	0	4	$	2,789	0	$	0



During the nine months ended September 30, 2016, there were four new TDRs.  In addition, three existing TDRs which had reached their original modification maturity were re-modified.  A $3,341 reduction of the ALL resulted from a change to the impairment evaluation of four loans, from being evaluated collectively to being evaluated individually.  During the nine months ended September 30, 2016, there were no payment defaults.





During the three months ended September 30, 2016, there was one new TDR. A $468 reduction of the ALL resulted from a change to the impairment evaluation of the loan, from being evaluated collectively to being evaluated individually. During the three months ended September 30, 2016, there were no payment defaults.




	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, 2015
  Commercial real estate
     Non owner-occupied	0	$	0	1	$	3,097	1	$	136
     All other CRE	0		0	1		237	5		3,847
  Acquisition and development
     1-4 family residential construction	0		0	0		0	0		700
     All other A&D	0		0	3		372	0		1,746
  Commercial and industrial	0		0	1		930	0		0
  Residential mortgage
     Residential mortgage – term	1		156	2		599	1		116
     Residential mortgage – home equity	0		0	0		0	0		0
  Consumer	0		0	0		0	0		0
        Total	1	$	156	8	$	5,235	7	$	6,545






















	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, 2015
  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	1		700
     All other A&D	0		0	0		0	1		1,746
  Commercial and industrial	0		0	0		0	0		0
  Residential mortgage
     Residential mortgage – term	1		156	0		0	0		0
     Residential mortgage – home equity	0		0	0		0	0		0
  Consumer	0		0	0		0	0		0
        Total	1	$	156	0	$	0	2	$	2,446



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