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Allowance for Loan Losses (Tables) | 9 Months Ended
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Sep. 30, 2012
Allowance for Loan Losses [Abstract] |
Transactions in the allowance for loan losses |
|  | (in thousands) |
|  | September 30, 2012 |  |  | December 31, 2011 |  |  | September 30, 2011 |
Balance at beginning of year |  | $ | 12,937 |  |  | $ | 16,036 |  |  | $ | 16,036 |
Provision charged to operating expense |  |  | 3,455 |  |  |  | 12,380 |  |  |  | 9,395 |
Loan recoveries |  |  | 240 |  |  |  | 310 |  |  |  | 208 |
Loan charge-offs |  |  | (2,583 | ) |  |  | (15,789 | ) |  |  | (7,137 | )
Balance at end of period |  | $ | 14,049 |  |  | $ | 12,937 |  |  | $ | 18,502 |
Allowance by impairment methodology and loans by impairment methodology |
|  | September 30, 2012 |
|  | (in thousands) |
|  | Construction and Land Development |  |  | Secured by 1-4 Family Residential |  |  | Other Real Estate |  |  | Commercial and Industrial |  |  | Consumer and Other Loans |  |  | Total |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance, December 31, 2011 |  | $ | 2,843 |  |  | $ | 3,766 |  |  | $ | 5,192 |  |  | $ | 963 |  |  | $ | 173 |  |  | $ | 12,937 |
Charge-offs |  |  | (369 | ) |  |  | (761 | ) |  |  | (1,042 | ) |  |  | (261 | ) |  |  | (150 | ) |  |  | (2,583 | )
Recoveries |  |  | 1 |  |  |  | 2 |  |  |  | 58 |  |  |  | 24 |  |  |  | 155 |  |  |  | 240 |
Provision for loan losses |  |  | 1,059 |  |  |  | 992 |  |  |  | 1,531 |  |  |  | (75 | ) |  |  | (52 | ) |  |  | 3,455 |
Ending Balance, September 30, 2012 |  | $ | 3,534 |  |  | $ | 3,999 |  |  | $ | 5,739 |  |  | $ | 651 |  |  | $ | 126 |  |  | $ | 14,049 |
Ending Balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  |  | 1,728 |  |  |  | 709 |  |  |  | 762 |  |  |  | 40 |  |  |  | — |  |  |  | 3,239 |
Collectively evaluated for impairment |  |  | 1,806 |  |  |  | 3,290 |  |  |  | 4,977 |  |  |  | 611 |  |  |  | 126 |  |  |  | 10,810 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance |  |  | 44,725 |  |  |  | 128,354 |  |  |  | 175,122 |  |  |  | 24,216 |  |  |  | 8,335 |  |  |  | 380,752 |
Individually evaluated for impairment |  |  | 6,353 |  |  |  | 4,758 |  |  |  | 8,597 |  |  |  | 164 |  |  |  | — |  |  |  | 19,872 |
Collectively evaluated for impairment |  |  | 38,372 |  |  |  | 123,596 |  |  |  | 166,525 |  |  |  | 24,052 |  |  |  | 8,335 |  |  |  | 360,880 |
|  | December 31, 2011 |
|  | (in thousands) |
|  | Construction and Land Development |  |  | Secured by 1-4 Family Residential |  |  | Other Real Estate |  |  | Commercial and Industrial |  |  | Consumer and Other Loans |  |  | Total |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance, December 31, 2010 |  | $ | 4,050 |  |  | $ | 1,681 |  |  | $ | 9,187 |  |  | $ | 858 |  |  | $ | 260 |  |  | $ | 16,036 |
Charge-offs |  |  | (2,983 | ) |  |  | (4,639 | ) |  |  | (7,551 | ) |  |  | (348 | ) |  |  | (268 | ) |  |  | (15,789 | )
Recoveries |  |  | 50 |  |  |  | 6 |  |  |  | — |  |  |  | 3 |  |  |  | 251 |  |  |  | 310 |
Provision for loan losses |  |  | 1,726 |  |  |  | 6,718 |  |  |  | 3,556 |  |  |  | 450 |  |  |  | (70 | ) |  |  | 12,380 |
Ending Balance, December 31, 2011 |  | $ | 2,843 |  |  | $ | 3,766 |  |  | $ | 5,192 |  |  | $ | 963 |  |  | $ | 173 |  |  | $ | 12,937 |
Ending Balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  |  | 930 |  |  |  | 848 |  |  |  | 351 |  |  |  | 309 |  |  |  | — |  |  |  | 2,438 |
Collectively evaluated for impairment |  |  | 1,913 |  |  |  | 2,918 |  |  |  | 4,841 |  |  |  | 654 |  |  |  | 173 |  |  |  | 10,499 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance |  |  | 48,363 |  |  |  | 122,339 |  |  |  | 181,141 |  |  |  | 29,446 |  |  |  | 11,151 |  |  |  | 392,440 |
Individually evaluated for impairment |  |  | 7,640 |  |  |  | 6,860 |  |  |  | 10,940 |  |  |  | 480 |  |  |  | — |  |  |  | 25,920 |
Collectively evaluated for impairment |  |  | 40,723 |  |  |  | 115,479 |  |  |  | 170,201 |  |  |  | 28,966 |  |  |  | 11,151 |  |  |  | 366,520 |
Impaired loans and the related allowance |
|  | September 30, 2012 |
|  | (in thousands) |
|  | Unpaid Principal Balance |  |  | Recorded Investment with No Allowance |  |  | Recorded Investment with Allowance |  |  | Total Recorded Investment |  |  | Related Allowance |  |  | Average Recorded Investment |  |  | Interest Income Recognized |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 6,683 |  |  | $ | 596 |  |  | $ | 5,758 |  |  | $ | 6,353 |  |  | $ | 1,728 |  |  | $ | 5,516 |  |  | $ | 238 |
Secured by 1-4 family |  |  | 5,801 |  |  |  | 1,955 |  |  |  | 2,803 |  |  |  | 4,758 |  |  |  | 709 |  |  |  | 5,244 |  |  |  | 143 |
Other real estate loans |  |  | 12,673 |  |  |  | 5,569 |  |  |  | 3,027 |  |  |  | 8,597 |  |  |  | 762 |  |  |  | 10,155 |  |  |  | 88 |
Commercial and industrial |  |  | 165 |  |  |  | — |  |  |  | 164 |  |  |  | 164 |  |  |  | 40 |  |  |  | 386 |  |  |  | 6 |
Consumer and other loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 25,322 |  |  | $ | 8,120 |  |  | $ | 11,752 |  |  | $ | 19,872 |  |  | $ | 3,239 |  |  | $ | 21,302 |  |  | $ | 475 |
|  | December 31, 2011 |
|  | (in thousands) |
|  | Unpaid Principal Balance |  |  | Recorded Investment with No Allowance |  |  | Recorded Investment with Allowance |  |  | Total Recorded Investment |  |  | Related Allowance |  |  | Average Recorded Investment |  |  | Interest Income Recognized |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 8,106 |  |  | $ | 3,531 |  |  | $ | 4,109 |  |  | $ | 7,640 |  |  | $ | 930 |  |  | $ | 7,077 |  |  | $ | 367 |
Secured by 1-4 family |  |  | 8,566 |  |  |  | 3,495 |  |  |  | 3,365 |  |  |  | 6,860 |  |  |  | 848 |  |  |  | 6,519 |  |  |  | 301 |
Other real estate loans |  |  | 15,165 |  |  |  | 8,135 |  |  |  | 2,805 |  |  |  | 10,940 |  |  |  | 351 |  |  |  | 23,918 |  |  |  | 396 |
Commercial and industrial |  |  | 480 |  |  |  | — |  |  |  | 480 |  |  |  | 480 |  |  |  | 309 |  |  |  | 660 |  |  |  | 27 |
Consumer and other loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 32,317 |  |  | $ | 15,161 |  |  | $ | 10,758 |  |  | $ | 25,920 |  |  | $ | 2,438 |  |  | $ | 38,174 |  |  | $ | 1,091 |
Information regarding loans modified under TDR |
|  | For the three months ended September 30, 2012 |  |  | For the three months ended September 30, 2011 |
|  | (dollars in thousands) |  |  | (dollars in thousands) |
|  | Number of Contracts |  |  | Pre- modification outstanding recorded investment |  |  | Post- modification outstanding recorded investment |  |  | Number of Contracts |  |  | Pre- modification outstanding recorded investment |  |  | Post- modification outstanding recorded investment |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | — |  |  | $ | — |  |  | $ | — |  |  |  | 1 |  |  | $ | 701 |  |  | $ | 357 |
Secured by 1-4 family |  |  | 1 |  |  |  | 183 |  |  |  | 183 |  |  |  | — |  |  |  | — |  |  |  | — |
Other real estate loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Consumer and other loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  |  | 1 |  |  | $ | 183 |  |  | $ | 183 |  |  |  | 1 |  |  | $ | 701 |  |  | $ | 357 |
|  | For the nine months ended September 30, 2012 |  |  | For the nine months ended September 30, 2011 |
|  | (dollars in thousands) |  |  | (dollars in thousands) |
|  | Number of Contracts |  |  | Pre- modification outstanding recorded investment |  |  | Post- modification outstanding recorded investment |  |  | Number of Contracts |  |  | Pre- modification outstanding recorded investment |  |  | Post- modification outstanding recorded investment |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | — |  |  | $ | — |  |  | $ | — |  |  |  | 1 |  |  | $ | 701 |  |  | $ | 357 |
Secured by 1-4 family |  |  | 1 |  |  |  | 183 |  |  |  | 183 |  |  |  | 2 |  |  |  | 575 |  |  |  | 575 |
Other real estate loans |  |  | 1 |  |  |  | 2,426 |  |  |  | 2,426 |  |  |  | 12 |  |  |  | 11,724 |  |  |  | 11,750 |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Consumer and other loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  |  | 2 |  |  | $ | 2,609 |  |  | $ | 2,609 |  |  |  | 15 |  |  | $ | 13,000 |  |  | $ | 12,682 |

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