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Allowance for Loan Losses (Tables)

9 Months Ended

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