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Loans Receivable (Tables)

6 Months Ended

Jun. 30, 2016

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

Categories of loans include:

		June 30, 2016				December 31, 2015
Commercial loans
Commercial and industrial		$	111,130			$	102,000
Owner-occupied commercial real estate		46,543				44,462
Investor commercial real estate		12,976				16,184
Construction		53,368				45,898
Single tenant lease financing		500,937				374,344
Total commercial loans		724,954				582,888
Consumer loans
Residential mortgage		202,107				214,559
Home equity		38,981				43,279
Other consumer		141,756				108,312
Total consumer loans		382,844				366,150
Total commercial and consumer loans		1,107,798				949,038
Deferred loan origination costs and premiums and discounts on purchased loans		3,824				4,821
Total loans		1,111,622				953,859
Allowance for loan losses		(10,016		)		(8,351		)
Net loans		$	1,101,606			$	945,508

Allowance for Credit Losses on Financing Receivables

The following tables present changes in the balance of the ALLL during the three and six month periods ended June 30, 2016 and 2015. 

		Three Months Ended June 30, 2016
		Commercial and industrial				Owner-occupied commercial real estate				Investor commercial real estate				Construction				Single tenant lease financing				Residential mortgage				Home equity				Other consumer				Total
Allowance for loan losses:
Balance, beginning of period		$	1,383			$	475			$	197			$	563			$	4,678			$	871			$	120			$	933			$	9,220
Provision (credit) charged to expense		451				(14		)		(26		)		(8		)		381				42				30				68				924
Losses charged off		—				—				—				—				—				(134		)		(33		)		(65		)		(232		)
Recoveries		—				—				—				—				—				2				4				98				104
Balance, end of period		$	1,834			$	461			$	171			$	555			$	5,059			$	781			$	121			$	1,034			$	10,016

		Six Months Ended June 30, 2016
		Commercial and industrial				Owner-occupied commercial real estate				Investor commercial real estate				Construction				Single tenant lease financing				Residential mortgage				Home equity				Other consumer				Total
Allowance for loan losses:
Balance, beginning of period		$	1,367			$	476			$	212			$	500			$	3,931			$	896			$	125			$	844			$	8,351
Provision (credit) charged to expense		467				(15		)		(41		)		55				1,128				(8		)		23				261				1,870
Losses charged off		—				—				—				—				—				(134		)		(33		)		(214		)		(381		)
Recoveries		—				—				—				—				—				27				6				143				176
Balance, end of period		$	1,834			$	461			$	171			$	555			$	5,059			$	781			$	121			$	1,034			$	10,016

		Three Months Ended June 30, 2015
		Commercial and industrial				Owner-occupied commercial real estate				Investor commercial real estate				Construction				Single tenant lease financing				Residential mortgage				Home equity				Other consumer				Total
Allowance for loan losses:
Balance, beginning of period		$	1,010			$	391			$	218			$	359			$	2,452			$	988			$	203			$	757			$	6,378
Provision (credit) charged to expense		191				48				(457		)		(132		)		641				42				(46		)		17				304
Losses charged off		—				—				—				—				—				(100		)		—				(132		)		(232		)
Recoveries		—				—				500				—				—				3				—				120				623
Balance, end of period		$	1,201			$	439			$	261			$	227			$	3,093			$	933			$	157			$	762			$	7,073

		Six Months Ended June 30, 2015
		Commercial and industrial				Owner-occupied commercial real estate				Investor commercial real estate				Construction				Single tenant lease financing				Residential mortgage				Home equity				Other consumer				Total
Allowance for loan losses:
Balance, beginning of period		$	920			$	345			$	261			$	330			$	2,061			$	985			$	207			$	691			$	5,800
Provision (credit) charged to expense		281				94				(500		)		(103		)		1,032				(152		)		(50		)		144				746
Losses charged off		—				—				—				—				—				(171		)		—				(289		)		(460		)
Recoveries		—				—				500				—				—				271				—				216				987
Balance, end of period		$	1,201			$	439			$	261			$	227			$	3,093			$	933			$	157			$	762			$	7,073

Allowance For Credit Losses On Financing Receivables Portfolio Segment

The following tables present the recorded investment in loans based on portfolio segment and impairment method as of June 30, 2016, and December 31, 2015. 

		June 30, 2016
		Commercial and industrial				Owner-occupied commercial real estate				Investor commercial real estate				Construction				Single tenant lease financing				Residential mortgage				Home equity				Other consumer				Total
Loans:
Ending balance: collectively evaluated for impairment		$	106,414			$	46,543			$	12,976			$	53,368			$	500,937			$	200,260			$	38,981			$	141,603			$	1,101,082
Ending balance:   individually evaluated for impairment		4,716				—				—				—				—				1,847				—				153				6,716
Ending balance		$	111,130			$	46,543			$	12,976			$	53,368			$	500,937			$	202,107			$	38,981			$	141,756			$	1,107,798
Allowance for loan losses:
Ending balance:   collectively evaluated for impairment		$	1,362			$	461			$	171			$	555			$	5,059			$	781			$	121			$	1,034			$	9,544
Ending balance:   individually evaluated for impairment		472				—				—				—				—				—				—				—				472
Ending balance		$	1,834			$	461			$	171			$	555			$	5,059			$	781			$	121			$	1,034			$	10,016

		December 31, 2015
		Commercial and industrial				Owner-occupied commercial real estate				Investor commercial real estate				Construction				Single tenant lease financing				Residential mortgage				Home equity				Other consumer				Total
Loans:
Ending balance:   collectively evaluated for impairment		$	102,000			$	44,462			$	16,184			$	45,898			$	374,344			$	213,426			$	43,279			$	108,163			$	947,756
Ending balance:   individually evaluated for impairment		—				—				—				—				—				1,133				—				149				1,282
Ending balance		$	102,000			$	44,462			$	16,184			$	45,898			$	374,344			$	214,559			$	43,279			$	108,312			$	949,038
Allowance for loan losses:
Ending balance: collectively evaluated for impairment		$	1,367			$	476			$	212			$	500			$	3,931			$	896			$	125			$	844			$	8,351
Ending balance:   individually evaluated for impairment		—				—				—				—				—				—				—				—				—
Ending balance		$	1,367			$	476			$	212			$	500			$	3,931			$	896			$	125			$	844			$	8,351

Financing Receivable Credit Quality Indicators

The following tables present the credit risk profile of the Company’s commercial and consumer loan portfolios based on rating category and payment activity as of June 30, 2016 and December 31, 2015. 

		June 30, 2016
		Commercial and industrial				Owner-occupied commercial real estate				Investor commercial real estate				Construction				Single tenant lease financing				Total
Rating:
1-5 Pass		$	104,842			$	46,531			$	12,976			$	53,074			$	500,937			$	718,360
6 Special Mention		1,001				—				—				294				—				1,295
7 Substandard		5,287				12				—				—				—				5,299
8 Doubtful		—				—				—				—				—				—
Total		$	111,130			$	46,543			$	12,976			$	53,368			$	500,937			$	724,954

		June 30, 2016
		Residential mortgage				Home equity				Other consumer				Total
Performing		$	201,263			$	38,981			$	141,682			$	381,926
Nonaccrual		844				—				74				918
Total		$	202,107			$	38,981			$	141,756			$	382,844

		December 31, 2015
		Commercial and industrial				Owner-occupied commercial real estate				Investor commercial real estate				Construction				Single tenant lease financing				Total
Rating:
1-5 Pass		$	95,589			$	43,913			$	14,746			$	45,599			$	374,344			$	574,191
6 Special Mention		2,006				535				—				299				—				2,840
7 Substandard		4,405				14				1,438				—				—				5,857
8 Doubtful		—				—				—				—				—				—
Total		$	102,000			$	44,462			$	16,184			$	45,898			$	374,344			$	582,888

		December 31, 2015
		Residential mortgage				Home equity				Other consumer				Total
Performing		$	214,456			$	43,279			$	108,248			$	365,983
Nonaccrual		103				—				64				167
Total		$	214,559			$	43,279			$	108,312			$	366,150

Past Due Financing Receivables

The following tables present the Company’s loan portfolio delinquency analysis as of June 30, 2016 and December 31, 2015. 

		June 30, 2016
		30-59 Days Past Due				60-89 Days Past Due				90 Days  or More Past Due				Total  Past Due				Current				Total Commercial and Consumer Loans				Non- accrual Loans				Total Loans 90 Days or More Past Due and Accruing
Commercial and industrial		$	17			$	—			$	—			$	17			$	111,113			$	111,130			$	4,716			$	—
Owner-occupied commercial real estate		—				—				—				—				46,543				46,543				—				—
Investor commercial real estate		—				—				—				—				12,976				12,976				—				—
Construction		—				—				—				—				53,368				53,368				—				—
Single tenant lease financing		—				—				—				—				500,937				500,937				—				—
Residential mortgage		—				—				810				810				201,297				202,107				844				—
Home equity		—				—				—				—				38,981				38,981				—				—
Other consumer		127				42				5				174				141,582				141,756				74				5
Total		$	144			$	42			$	815			$	1,001			$	1,106,797			$	1,107,798			$	5,634			$	5

		December 31, 2015
		30-59 Days Past Due				60-89 Days Past Due				90 Days  or More Past Due				Total  Past Due				Current				Total Commercial and Consumer Loans				Non- accrual Loans				Total Loans 90 Days or More Past Due and Accruing
Commercial and industrial		$	29			$	—			$	—			$	29			$	101,971			$	102,000			$	—			$	—
Owner-occupied commercial real estate		—				—				—				—				44,462				44,462				—				—
Investor commercial real estate		—				—				—				—				16,184				16,184				—				—
Construction		—				—				—				—				45,898				45,898				—				—
Single tenant lease financing		—				—				—				—				374,344				374,344				—				—
Residential mortgage		300				23				45				368				214,191				214,559				103				—
Home equity		20				—				—				20				43,259				43,279				—				—
Other consumer		116				12				—				128				108,184				108,312				64				—
Total		$	465			$	35			$	45			$	545			$	948,493			$	949,038			$	167			$	—

Impaired Financing Receivables

The following table presents the Company’s impaired loans as of June 30, 2016 and December 31, 2015. The Company had no impaired loans with a specific valuation allowance as of December 31, 2015.

		June 30, 2016												December 31, 2015
		Recorded Balance				Unpaid Principal Balance				Specific Allowance				Recorded Balance				Unpaid Principal Balance				Specific Allowance
Loans without a specific valuation allowance
Residential mortgage		$	1,847			$	1,973			$	—			$	1,133			$	1,154			$	—
Other consumer		153				184				—				149				178				—
Total		2,000				2,157				—				1,282				1,332				—
Loans with a specific valuation allowance
Commercial and industrial		$	4,716			$	4,716			$	472			$	—			$	—			$	—
Total		4,716				4,716				472				—				—				—
Total impaired loans		$	6,716			$	6,873			$	472			$	1,282			$	1,332			$	—

The table below presents average balances and interest income recognized for impaired loans during the three and six month periods ended June 30, 2016 and June 30, 2015.

		Three Months Ended								Six Months Ended								Three Months Ended								Six Months Ended
		June 30, 2016																June 30, 2015
		Average Balance				Interest Income				Average Balance				Interest Income				Average Balance				Interest Income				Average Balance				Interest Income
Loans without a specific valuation allowance
Investor commercial real estate		$	—			$	—			$	—			$	—			$	—			$	—			$	43			$	2
Residential mortgage		1,489				1				1,278				4				1,110				2				1,085				4
Other consumer		138				2				147				4				215				3				168				6
Total		1,627				3				1,425				8				1,325				5				1,296				12
Loans with a specific valuation allowance
Commercial and industrial		$	1,179			$	—			590				—				$	—			$	—			—				—
Residential mortgage		—				—				—				—				60				—				30				—
Other consumer		—				—				—				—				—				—				27				1
Total		1,179				—				590				—				60				—				57				1
Total impaired loans		$	2,806			$	3			$	2,015			$	8			$	1,385			$	5			$	1,353			$	13

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- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

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Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=49124121&loc=SL6953423-111524

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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 55
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525

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-Section 50
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-Topic 310
-SubTopic 10
-Section 50
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Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=49124121&loc=d3e5111-111524

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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

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