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Loans (Tables)

9 Months Ended

Sep. 30, 2016

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

Categories of loans include:

		September 30, 2016				December 31, 2015
Commercial loans
Commercial and industrial		$	107,250			$	102,000
Owner-occupied commercial real estate		45,540				44,462
Investor commercial real estate		12,752				16,184
Construction		56,391				45,898
Single tenant lease financing		571,972				374,344
Total commercial loans		793,905				582,888
Consumer loans
Residential mortgage		200,889				214,559
Home equity		37,849				43,279
Other consumer		163,158				108,312
Total consumer loans		401,896				366,150
Total commercial and consumer loans		1,195,801				949,038
Deferred loan origination costs and premiums and discounts on purchased loans		3,131				4,821
Total loans		1,198,932				953,859
Allowance for loan losses		(10,561		)		(8,351		)
Net loans		$	1,188,371			$	945,508

Allowance for Credit Losses on Financing Receivables

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

		Three Months Ended September 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		$	1,834			$	461			$	171			$	555			$	5,059			$	781			$	121			$	1,034			$	10,016
Provision (credit) charged to expense		1,174				(5		)		(7		)		37				832				(67		)		(15		)		255				2,204
Losses charged off		(1,582		)		—				—				—				—				—				—				(155		)		(1,737		)
Recoveries		—				—				—				—				—				2				4				72				78
Balance, end of period		$	1,426			$	456			$	164			$	592			$	5,891			$	716			$	110			$	1,206			$	10,561

		Nine Months Ended September 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		1,641				(20		)		(48		)		92				1,960				(75		)		8				516				4,074
Losses charged off		(1,582		)		—				—				—				—				(134		)		(33		)		(369		)		(2,118		)
Recoveries		—				—				—				—				—				29				10				215				254
Balance, end of period		$	1,426			$	456			$	164			$	592			$	5,891			$	716			$	110			$	1,206			$	10,561

		Three Months Ended September 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		$	1,201			$	439			$	261			$	227			$	3,093			$	933			$	157			$	762			$	7,073
Provision (credit) charged to expense		29				16				(31		)		129				429				(132		)		(1		)		15				454
Losses charged off		—				—				—				—				—				(14		)		—				(62		)		(76		)
Recoveries		—				—				—				—				—				130				—				90				220
Balance, end of period		$	1,230			$	455			$	230			$	356			$	3,522			$	917			$	156			$	805			$	7,671

		Nine Months Ended September 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		310				110				(531		)		26				1,461				(284		)		(51		)		159				1,200
Losses charged off		—				—				—				—				—				(185		)		—				(351		)		(536		)
Recoveries		—				—				500				—				—				401				—				306				1,207
Balance, end of period		$	1,230			$	455			$	230			$	356			$	3,522			$	917			$	156			$	805			$	7,671

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 September 30, 2016, and December 31, 2015. 

		September 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		$	107,250			$	45,540			$	12,752			$	56,391			$	571,972			$	198,871			$	37,849			$	162,976			$	1,193,601
Ending balance:   individually evaluated for impairment		—				—				—				—				—				2,018				—				182				2,200
Ending balance		$	107,250			$	45,540			$	12,752			$	56,391			$	571,972			$	200,889			$	37,849			$	163,158			$	1,195,801
Allowance for loan losses:
Ending balance:   collectively evaluated for impairment		$	1,426			$	456			$	164			$	592			$	5,891			$	716			$	110			$	1,206			$	10,561
Ending balance:   individually evaluated for impairment		—				—				—				—				—				—				—				—				—
Ending balance		$	1,426			$	456			$	164			$	592			$	5,891			$	716			$	110			$	1,206			$	10,561

		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

Schedule Of Risk Grading Matrix For Commercial Loans

The following table illustrates the risk ratings utilized as of September 30, 2016 and December 31, 2015.

Rating		September 30, 2016		December 31, 2015
Pass		Grade 1-6		Grade 1-5
Special Mention		Grade 7		Grade 6
Substandard		Grade 8		Grade 7
Doubtful		Grade 9		Grade 8
Loss		Grade 10		Grade 9

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 September 30, 2016 and December 31, 2015. 

		September 30, 2016
		Commercial and industrial				Owner-occupied commercial real estate				Investor commercial real estate				Construction				Single tenant lease financing				Total
Rating:
1-6 Pass		$	106,482			$	45,529			$	12,752			$	56,391			$	571,972			$	793,126
7 Special Mention		243				—				—				—				—				243
8 Substandard		525				11				—				—				—				536
9 Doubtful		—				—				—				—				—				—
Total		$	107,250			$	45,540			$	12,752			$	56,391			$	571,972			$	793,905

		September 30, 2016
		Residential mortgage				Home equity				Other consumer				Total
Performing		$	199,864			$	37,849			$	163,050			$	400,763
Nonaccrual		1,025				—				108				1,133
Total		$	200,889			$	37,849			$	163,158			$	401,896

		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 September 30, 2016 and December 31, 2015. 

		September 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		$	257			$	—			$	—			$	257			$	106,993			$	107,250			$	—			$	—
Owner-occupied commercial real estate		—				—				—				—				45,540				45,540				—				—
Investor commercial real estate		—				—				—				—				12,752				12,752				—				—
Construction		—				—				—				—				56,391				56,391				—				—
Single tenant lease financing		—				—				—				—				571,972				571,972				—				—
Residential mortgage		—				—				991				991				199,898				200,889				1,025				—
Home equity		—				—				—				—				37,849				37,849				—				—
Other consumer		232				35				—				267				162,891				163,158				108				—
Total		$	489			$	35			$	991			$	1,515			$	1,194,286			$	1,195,801			$	1,133			$	—

		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 September 30, 2016 and December 31, 2015.  The Company had no impaired loans with a specific valuation allowance as of September 30, 2016 or December 31, 2015.

		September 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		$	2,018			$	2,130			$	—			$	1,133			$	1,154			$	—
Other consumer		182				237				—				149				178				—
Total		2,200				2,367				—				1,282				1,332				—
Total impaired loans		$	2,200			$	2,367			$	—			$	1,282			$	1,332			$	—

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

		Three Months Ended								Nine Months Ended								Three Months Ended								Nine Months Ended
		September 30, 2016																September 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		$	—			$	—			$	—			$	—			$	—			$	—			$	28			$	2
Residential mortgage		1,876				2				1,478				6				1,146				3				1,105				7
Other consumer		167				1				153				5				254				3				197				9
Total		2,043				3				1,631				11				1,400				6				1,330				18
Loans with a specific valuation allowance
Commercial and industrial		$	3,524			$	—			$	1,568			$	—			$	—			$	—			$	—			$	—
Residential mortgage		—				—				—				—				—				—				20				—
Other consumer		—				—				—				—				—				—				18				1
Total		3,524				—				1,568				—				—				—				38				1
Total impaired loans		$	5,567			$	3			$	3,199			$	11			$	1,400			$	6			$	1,368			$	19

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
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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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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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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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