ALLOWANCE FOR LOAN LOSSES ("ALL") | 9 Months Ended |
Sep. 30, 2014 |
Receivables [Abstract] | ' |
ALLOWANCE FOR LOAN LOSSES ("ALL") | ' |
NOTE 6. ALLOWANCE FOR LOAN LOSSES (“ALL”) |
The ALL reflects management’s estimate of probable credit losses inherent in the loan portfolio. The computation of the ALL includes elements of judgment and high levels of subjectivity. Substantially all of the Company’s loans that were acquired in failed bank acquisitions were acquired at a substantial discount to their original book value and are covered by loss sharing agreements with the FDIC. |
The Company’s accounting method for loans and the corresponding ALL differs depending on whether the loans are new or acquired. The Company therefore assesses and monitors credit risk and portfolio performance using distinct methodologies for acquired loans, both ASC 310-30 Loans and Non-ASC 310-30 Loans, and New loans. Within each class the Company further disaggregates the portfolios into the following segments: Commercial real estate, 1-4 single family residential, Construction, land and development, Home equity loans and lines of credit, Commercial and industrial and Consumer. |
|
Changes in the ALL by loan class and portfolio segment for the three and nine months ended September 30, 2014 and 2013 are as follows: |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Commercial | | | 1- 4 Single | | | Construction, | | | Home | | | Commercial | | | Consumer | | | Total | |
Real Estate | Family | Land and | Equity | and |
| Residential | Development | Loans and | Industrial |
| | | Lines of | |
| | | Credit | |
| | (Dollars in thousands) | |
Balance at July 1, 2014 | | $ | 7,160 | | | $ | 2,426 | | | $ | 1,935 | | | $ | 113 | | | $ | 5,924 | | | $ | 326 | | | $ | 17,884 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Provision (credit) for ASC 310-30 loans | | | 785 | | | | — | | | | (1 | ) | | | — | | | | (290 | ) | | | (9 | ) | | | 485 | |
Provision (credit) for non-ASC 310-30 loans | | | 125 | | | | 144 | | | | 29 | | | | 264 | | | | 15 | | | | 1 | | | | 578 | |
Provision (credit) for New loans | | | 311 | | | | 1,015 | | | | 137 | | | | 7 | | | | 273 | | | | (1 | ) | | | 1,742 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total provision | | | 1,221 | | | | 1,159 | | | | 165 | | | | 271 | | | | (2 | ) | | | (9 | ) | | | 2,805 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Charge-offs for ASC 310-30 loans | | | — | | | | — | | | | 1 | | | | — | | | | (93 | ) | | | (10 | ) | | | (102 | ) |
Charge-offs for non-ASC 310-30 loans | | | — | | | | — | | | | — | | | | (173 | ) | | | — | | | | — | | | | (173 | ) |
Charge-offs for New loans | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total charge-offs | | | — | | | | — | | | | 1 | | | | (173 | ) | | | (93 | ) | | | (10 | ) | | | (275 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Recoveries for ASC 310-30 loans | | | 24 | | | | — | | | | — | | | | — | | | | — | | | | 1 | | | | 25 | |
Recoveries for non-ASC 310-30 loans | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Recoveries for New loans | | | — | | | | — | | | | — | | | | — | | | | 1 | | | | — | | | | 1 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total recoveries | | | 24 | | | | — | | | | — | | | | — | | | | 1 | | | | 1 | | | | 26 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ending ALL balance | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
ASC 310-30 loans | | | 3,692 | | | | 207 | | | | 660 | | | | — | | | | 976 | | | | 280 | | | | 5,815 | |
Non-ASC 310-30 loans | | | 140 | | | | 151 | | | | 29 | | | | 123 | | | | 21 | | | | 4 | | | | 468 | |
New loans | | | 4,573 | | | | 3,227 | | | | 1,412 | | | | 88 | | | | 4,833 | | | | 24 | | | | 14,157 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Balance at September 30, 2014 | | $ | 8,405 | | | $ | 3,585 | | | $ | 2,101 | | | $ | 211 | | | $ | 5,830 | | | $ | 308 | | | $ | 20,440 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Commercial | | | 1- 4 Single | | | Construction, | | | Home | | | Commercial | | | Consumer | | | Total | |
Real Estate | Family | Land and | Equity | and |
| Residential | Development | Loans and | Industrial |
| | | Lines of | |
| | | Credit | |
| | (Dollars in thousands) | |
Balance at July 1, 2013 | | $ | 5,591 | | | $ | 1,125 | | | $ | 3,179 | | | $ | 50 | | | $ | 5,512 | | | $ | 299 | | | $ | 15,756 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Provision (credit) for ASC 310-30 loans | | | (841 | ) | | | (445 | ) | | | 728 | | | | — | | | | (574 | ) | | | 43 | | | | (1,089 | ) |
Provision (credit) for non-ASC 310-30 loans | | | (3 | ) | | | (2 | ) | | | (1 | ) | | | 93 | | | | 2 | | | | — | | | | 89 | |
Provision (credit) for New loans | | | 83 | | | | 267 | | | | (236 | ) | | | 69 | | | | 189 | | | | (3 | ) | | | 369 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total provision | | | (761 | ) | | | (180 | ) | | | 491 | | | | 162 | | | | (383 | ) | | | 40 | | | | (631 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Charge-offs for ASC 310-30 loans | | | (335 | ) | | | (140 | ) | | | (1,506 | ) | | | — | | | | (122 | ) | | | (89 | ) | | | (2,192 | ) |
Charge-offs for non-ASC 310-30 loans | | | — | | | | — | | | | — | | | | (99 | ) | | | (3 | ) | | | — | | | | (102 | ) |
Charge-offs for New loans | | | — | | | | — | | | | (51 | ) | | | — | | | | — | | | | — | | | | (51 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total charge-offs | | | (335 | ) | | | (140 | ) | | | (1,557 | ) | | | (99 | ) | | | (125 | ) | | | (89 | ) | | | (2,345 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Recoveries for ASC 310-30 loans | | | 159 | | | | 15 | | | | 126 | | | | — | | | | — | | | | — | | | | 300 | |
Recoveries for non-ASC 310-30 loans | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Recoveries for New loans | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total recoveries | | | 159 | | | | 15 | | | | 126 | | | | — | | | | — | | | | — | | | | 300 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ending ALL balance | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
ASC 310-30 loans | | | 3,146 | | | | 25 | | | | 1,515 | | | | — | | | | 2,370 | | | | 233 | | | | 7,289 | |
Non-ASC 310-30 loans | | | 11 | | | | 9 | | | | — | | | | 32 | | | | 7 | | | | 4 | | | | 63 | |
New loans | | | 1,497 | | | | 786 | | | | 724 | | | | 81 | | | | 2,627 | | | | 13 | | | | 5,728 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Balance at September 30, 2013 | | $ | 4,654 | | | $ | 820 | | | $ | 2,239 | | | $ | 113 | | | $ | 5,004 | | | $ | 250 | | | $ | 13,080 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Commercial | | | 1- 4 Single | | | Construction, | | | Home | | | Commercial | | | Consumer | | | Total | |
Real Estate | Family | Land and | Equity | and |
| Residential | Development | Loans and | Industrial |
| | | Lines of | |
| | | Credit | |
| | (Dollars in thousands) | |
Balance at January 1, 2014 | | $ | 4,834 | | | $ | 1,443 | | | $ | 1,819 | | | $ | 132 | | | $ | 6,331 | | | $ | 174 | | | $ | 14,733 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Provision (credit) for ASC 310-30 loans | | | 976 | | | | 152 | | | | 132 | | | | — | | | | (1,161 | ) | | | 223 | | | | 322 | |
Provision (credit) for non-ASC 310-30 loans | | | 130 | | | | 99 | | | | 29 | | | | 393 | | | | (94 | ) | | | 33 | | | | 590 | |
Provision (credit) for New loans | | | 2,424 | | | | 1,921 | | | | 578 | | | | (38 | ) | | | 1,327 | | | | 7 | | | | 6,219 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total provision | | | 3,530 | | | | 2,172 | | | | 739 | | | | 355 | | | | 72 | | | | 263 | | | | 7,131 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Charge-offs for ASC 310-30 loans | | | (74 | ) | | | (30 | ) | | | (1,244 | ) | | | — | | | | (203 | ) | | | (101 | ) | | | (1,652 | ) |
Charge-offs for non-ASC 310-30 loans | | | — | | | | — | | | | — | | | | (276 | ) | | | (24 | ) | | | (29 | ) | | | (329 | ) |
Charge-offs for New loans | | | — | | | | — | | | | — | | | | — | | | | (348 | ) | | | — | | | | (348 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total charge-offs | | | (74 | ) | | | (30 | ) | | | (1,244 | ) | | | (276 | ) | | | (575 | ) | | | (130 | ) | | | (2,329 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Recoveries for ASC 310-30 loans | | | 115 | | | | — | | | | 787 | | | | — | | | | 1 | | | | 1 | | | | 904 | |
Recoveries for non-ASC 310-30 loans | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Recoveries for New loans | | | — | | | | — | | | | — | | | | — | | | | 1 | | | | — | | | | 1 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total recoveries | | | 115 | | | | — | | | | 787 | | | | — | | | | 2 | | | | 1 | | | | 905 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ending ALL balance | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
ASC 310-30 loans | | | 3,692 | | | | 207 | | | | 660 | | | | — | | | | 976 | | | | 280 | | | | 5,815 | |
Non-ASC 310-30 loans | | | 140 | | | | 151 | | | | 29 | | | | 123 | | | | 21 | | | | 4 | | | | 468 | |
New loans | | | 4,573 | | | | 3,227 | | | | 1,412 | | | | 88 | | | | 4,833 | | | | 24 | | | | 14,157 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Balance at September 30, 2014 | | $ | 8,405 | | | $ | 3,585 | | | $ | 2,101 | | | $ | 211 | | | $ | 5,830 | | | $ | 308 | | | $ | 20,440 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Commercial | | | 1- 4 Single | | | Construction, | | | Home | | | Commercial | | | Consumer | | | Total | |
Real Estate | Family | Land and | Equity | and |
| Residential | Development | Loans and | Industrial |
| | | Lines of | |
| | | Credit | |
| | (Dollars in thousands) | |
Balance at January 1, 2013 | | $ | 4,107 | | | $ | 3,049 | | | $ | 5,239 | | | $ | 67 | | | $ | 6,054 | | | $ | 433 | | | $ | 18,949 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Provision (credit) for ASC 310-30 loans | | | 1,793 | | | | (1,598 | ) | | | 1,191 | | | | — | | | | (1,544 | ) | | | 529 | | | | 371 | |
Provision (credit) for non-ASC 310-30 loans | | | (9 | ) | | | (33 | ) | | | (3 | ) | | | 69 | | | | (108 | ) | | | — | | | | (84 | ) |
Provision (credit) for New loans | | | (101 | ) | | | 164 | | | | (336 | ) | | | 77 | | | | 892 | | | | (45 | ) | | | 651 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total provision | | | 1,683 | | | | (1,467 | ) | | | 852 | | | | 146 | | | | (760 | ) | | | 484 | | | | 938 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Charge-offs for ASC 310-30 loans | | | (1,321 | ) | | | (829 | ) | | | (3,886 | ) | | | — | | | | (128 | ) | | | (668 | ) | | | (6,832 | ) |
Charge-offs for non-ASC 310-30 loans | | | — | | | | — | | | | — | | | | (100 | ) | | | (162 | ) | | | — | | | | (262 | ) |
Charge-offs for New loans | | | — | | | | — | | | | (108 | ) | | | — | | | | — | | | | — | | | | (108 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total charge-offs | | | (1,321 | ) | | | (829 | ) | | | (3,994 | ) | | | (100 | ) | | | (290 | ) | | | (668 | ) | | | (7,202 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Recoveries for ASC 310-30 loans | | | 185 | | | | 67 | | | | 142 | | | | — | | | | — | | | | 1 | | | | 395 | |
Recoveries for non-ASC 310-30 loans | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Recoveries for New loans | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total recoveries | | | 185 | | | | 67 | | | | 142 | | | | — | | | | — | | | | 1 | | | | 395 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ending ALL balance | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
ASC 310-30 loans | | | 3,146 | | | | 25 | | | | 1,515 | | | | — | | | | 2,370 | | | | 233 | | | | 7,289 | |
Non-ASC 310-30 loans | | | 11 | | | | 9 | | | | — | | | | 32 | | | | 7 | | | | 4 | | | | 63 | |
New loans | | | 1,497 | | | | 786 | | | | 724 | | | | 81 | | | | 2,627 | | | | 13 | | | | 5,728 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Balance at September 30, 2013 | | $ | 4,654 | | | $ | 820 | | | $ | 2,239 | | | $ | 113 | | | $ | 5,004 | | | $ | 250 | | | $ | 13,080 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Credit Quality Indicators |
In evaluating credit risk, the Company looks at multiple factors including delinquencies. Management considers delinquency status to be the most meaningful indicator of the credit quality of 1-4 single family residential, home equity loans and lines of credit and consumer loans. Delinquency statistics are updated at least monthly. |
|
The following tables present an aging analysis of the recorded investment for delinquent loans by class and portfolio segment (excluding loans accounted for under ASC 310-30): |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Accruing | | | | | | | | | | | | | | | |
September 30, 2014 | | 30 to 59 | | | 60 to 89 | | | 90 Days | | | Non- | | | Total | | | | | | | | | |
Days Past | Days Past | or More | Accrual | | | | | | | | |
Due | Due | Past Due | | | | | | | | | |
| | (Dollars in thousands) | | | | | | | | | |
New Loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Real estate loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | $ | 115 | | | $ | — | | | $ | — | | | $ | — | | | $ | 115 | | | | | | | | | |
1-4 single family residential | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
Construction, land and development | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
Home equity lines of credit | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total real estate loans | | | 115 | | | | — | | | | — | | | | — | | | | 115 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Other loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
Consumer | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total other loans | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total new loans | | $ | 115 | | | $ | — | | | $ | — | | | $ | — | | | $ | 115 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Acquired Loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Real estate loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | $ | 807 | | | $ | 354 | | | $ | — | | | $ | 4,855 | | | $ | 6,016 | | | | | | | | | |
1-4 single family residential | | | 465 | | | | 78 | | | | — | | | | 910 | | | | 1,453 | | | | | | | | | |
Construction, land and development | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
Home equity lines of credit | | | 143 | | | | 163 | | | | 156 | | | | 4,407 | | | | 4,869 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total real estate loans | | | 1,415 | | | | 595 | | | | 156 | | | | 10,172 | | | | 12,338 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Other loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | | 63 | | | | — | | | | — | | | | 1,555 | | | | 1,618 | | | | | | | | | |
Consumer | | | 62 | | | | — | | | | — | | | | — | | | | 62 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total other loans | | | 125 | | | | — | | | | — | | | | 1,555 | | | | 1,680 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total acquired loans | | $ | 1,540 | | | $ | 595 | | | $ | 156 | | | $ | 11,727 | | | $ | 14,018 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Accruing | | | | | | | | | | | | | | | |
December 31, 2013 | | 30 to 59 | | | 60 to 89 | | | 90 Days | | | Non- | | | Total | | | | | | | | | |
Days Past | Days Past | or More | Accrual | | | | | | | | |
Due | Due | Past Due | | | | | | | | | |
| | (Dollars in thousands) | | | | | | | | | |
New Loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Real estate loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | |
1-4 single family residential | | | 4,688 | | | | 2,164 | | | | — | | | | 1,052 | | | | 7,904 | | | | | | | | | |
Construction, land and development | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
Home equity lines of credit | | | 198 | | | | — | | | | — | | | | — | | | | 198 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total real estate loans | | | 4,886 | | | | 2,164 | | | | — | | | | 1,052 | | | | 8,102 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Other loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | | — | | | | — | | | | — | | | | 24 | | | | 24 | | | | | | | | | |
Consumer | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total other loans | | | — | | | | — | | | | — | | | | 24 | | | | 24 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total new loans | | $ | 4,886 | | | $ | 2,164 | | | $ | — | | | $ | 1,076 | | | $ | 8,126 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Acquired Loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Real estate loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | $ | 145 | | | $ | — | | | $ | — | | | $ | 5,962 | | | $ | 6,107 | | | | | | | | | |
1-4 single family residential | | | 923 | | | | — | | | | — | | | | 144 | | | | 1,067 | | | | | | | | | |
Construction, land and development | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
Home equity lines of credit | | | 96 | | | | 218 | | | | — | | | | 1,996 | | | | 2,310 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total real estate loans | | | 1,164 | | | | 218 | | | | — | | | | 8,102 | | | | 9,484 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Other loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | | 39 | | | | — | | | | — | | | | 275 | | | | 314 | | | | | | | | | |
Consumer | | | — | | | | — | | | | — | | | | 29 | | | | 29 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total other loans | | | 39 | | | | — | | | | — | | | | 304 | | | | 343 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total acquired loans | | $ | 1,203 | | | $ | 218 | | | $ | — | | | $ | 8,406 | | | $ | 9,827 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Internal risk ratings are considered the most meaningful indicator of credit quality for Non-ASC 310-30 and new commercial, construction, land and development and commercial real estate loans. Internal risk ratings are updated on a continuous basis. Loans exhibiting potential credit weaknesses that deserve management’s close attention and that if left uncorrected may result in deterioration of the repayment capacity of the borrower are categorized as special mention. Loans with well-defined credit weaknesses including payment defaults, declining collateral values, frequent overdrafts, operating losses, increasing balance sheet leverage, inadequate cash flow, project cost overruns, unreasonable construction delays, past due real estate taxes or exhausted interest reserves are assigned an internal risk rating of substandard. A loan with a weakness so severe that collection in full is highly questionable or improbable will be assigned an internal risk rating of doubtful. |
|
The following table summarizes the Company’s Non-ASC 310-30 and New loans by key indicators of credit quality. Loans accounted for under ASC 310-30 are excluded from the following analysis because their related allowance is determined by loan pool performance: |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
September 30, 2014 | | Pass | | | Special | | | Substandard | | | Doubtful | | | | | | | | | | | | | |
Mention | | | | | | | | | | | | |
| | (Dollars in thousands) | | | | | | | | | | | | | |
New loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | $ | 983,444 | | | $ | — | | | $ | 31 | | | $ | — | | | | | | | | | | | | | |
Construction, land and development | | | 160,899 | | | | — | | | | — | | | | — | | | | | | | | | | | | | |
Commercial and industrial | | | 791,843 | | | | — | | | | — | | | | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total new loans | | $ | 1,936,186 | | | $ | — | | | $ | 31 | | | $ | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Acquired loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | $ | 79,030 | | | $ | 782 | | | $ | 5,662 | | | $ | — | | | | | | | | | | | | | |
Construction, land and development | | | 9,744 | | | | — | | | | — | | | | — | | | | | | | | | | | | | |
Commercial and industrial | | | 9,085 | | | | 1,905 | | | | 2,571 | | | | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total aquired loans | | $ | 97,859 | | | $ | 2,687 | | | $ | 8,233 | | | $ | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
December 31, 2013 | | Pass | | | Special | | | Substandard | | | Doubtful | | | | | | | | | | | | | |
Mention | | | | | | | | | | | | |
| | (Dollars in thousands) | | | | | | | | | | | | | |
New loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | $ | 669,546 | | | $ | 14 | | | $ | 151 | | | $ | — | | | | | | | | | | | | | |
Construction, land and development | | | 75,666 | | | | — | | | | — | | | | — | | | | | | | | | | | | | |
Commercial and industrial | | | 645,013 | | | | — | | | | 24 | | | | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total new loans | | $ | 1,390,225 | | | $ | 14 | | | $ | 175 | | | $ | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Acquired loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | $ | 5,523 | | | $ | 895 | | | $ | 6,287 | | | $ | — | | | | | | | | | | | | | |
Construction, land and development | | | — | | | | — | | | | — | | | | — | | | | | | | | | | | | | |
Commercial and industrial | | | 3,119 | | | | 19 | | | | 1,902 | | | | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total aquired loans | | $ | 8,642 | | | $ | 914 | | | $ | 8,189 | | | $ | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Internal risk ratings are a key factor in identifying loans that are individually evaluated for impairment and impact management’s estimates of loss factors used in determining the amount of the ALL. |
|
The following table shows the Company’s investment in impaired loans disaggregated based on the method of evaluating impairment: |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Loans - Recorded Investment | | | Allowance for Credit Loss | | | | | |
September 30, 2014 | | Individually | | | Collectively | | | ASC 310- | | | Individually | | | Collectively | | | ASC 310- | | | | | |
Evaluated | Evaluated | 30 Loans | Evaluated | Evaluated | 30 Loans | | | | |
for | for | | for | for | | | | | |
Impairment | Impairment | | Impairment | Impairment | | | | | |
| | (Dollars in thousands) | | | | | |
New Loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Real estate loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | $ | — | | | $ | 983,475 | | | $ | — | | | $ | — | | | $ | 4,573 | | | $ | — | | | | | |
1-4 single family residential | | | — | | | | 734,608 | | | | — | | | | — | | | | 3,227 | | | | — | | | | | |
Construction, land and development | | | — | | | | 160,899 | | | | — | | | | — | | | | 1,412 | | | | — | | | | | |
Home equity loans and lines of credit | | | — | | | | 12,774 | | | | — | | | | — | | | | 88 | | | | — | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total real estate loans | | $ | — | | | $ | 1,891,756 | | | $ | — | | | $ | — | | | $ | 9,300 | | | $ | — | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Other loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | $ | — | | | $ | 791,843 | | | $ | — | | | $ | — | | | $ | 4,833 | | | $ | — | | | | | |
Consumer | | | — | | | | 2,444 | | | | — | | | | — | | | | 24 | | | | — | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total other loans | | $ | — | | | $ | 794,287 | | | $ | — | | | $ | — | | | $ | 4,857 | | | $ | — | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Acquired Loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Real estate loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | $ | 4,527 | | | $ | 80,947 | | | $ | 364,753 | | | $ | 4 | | | $ | 136 | | | $ | 3,692 | | | | | |
1-4 single family residential | | | — | | | | 105,561 | | | | 90,752 | | | | — | | | | 151 | | | | 207 | | | | | |
Construction, land and development | | | — | | | | 9,744 | | | | 71,053 | | | | — | | | | 29 | | | | 660 | | | | | |
Home equity loans and lines of credit | | | 184 | | | | 55,986 | | | | — | | | | — | | | | 123 | | | | — | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total real estate loans | | $ | 4,711 | | | $ | 252,238 | | | $ | 526,558 | | | $ | 4 | | | $ | 439 | | | $ | 4,559 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Other loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | $ | — | | | $ | 13,561 | | | $ | 72,948 | | | $ | — | | | $ | 21 | | | $ | 976 | | | | | |
Consumer | | | — | | | | 809 | | | | 2,936 | | | | — | | | | 4 | | | | 280 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total other loans | | $ | — | | | $ | 14,370 | | | $ | 75,884 | | | $ | — | | | $ | 25 | | | $ | 1,256 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Loans - Recorded Investment | | | Allowance for Credit Loss | | | | | |
December 31, 2013 | | Individually | | | Collectively | | | ASC 310- | | | Individually | | | Collectively | | | ASC 310- | | | | | |
Evaluated | Evaluated | 30 Loans | Evaluated | Evaluated | 30 Loans | | | | |
for | for | | for | for | | | | | |
Impairment | Impairment | | Impairment | Impairment | | | | | |
| | (Dollars in thousands) | | | | | |
New Loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Real estate loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | $ | — | | | $ | 669,711 | | | $ | — | | | $ | — | | | $ | 2,149 | | | $ | — | | | | | |
1-4 single family residential | | | — | | | | 359,818 | | | | — | | | | — | | | | 1,306 | | | | — | | | | | |
Construction, land and development | | | — | | | | 75,666 | | | | — | | | | — | | | | 834 | | | | — | | | | | |
Home equity loans and lines of credit | | | — | | | | 19,303 | | | | — | | | | — | | | | 126 | | | | — | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total real estate loans | | $ | — | | | $ | 1,124,498 | | | $ | — | | | $ | — | | | $ | 4,415 | | | $ | — | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Other loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | $ | — | | | $ | 645,037 | | | $ | — | | | $ | — | | | $ | 3,853 | | | $ | — | | | | | |
Consumer | | | — | | | | 1,176 | | | | — | | | | — | | | | 17 | | | | — | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total other loans | | $ | — | | | $ | 646,213 | | | $ | — | | | $ | — | | | $ | 3,870 | | | $ | — | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Acquired Loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Real estate loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | $ | 5,134 | | | $ | 7,571 | | | $ | 274,147 | | | $ | — | | | $ | 10 | | | $ | 2,675 | | | | | |
1-4 single family residential | | | 189 | | | | 9,985 | | | | 56,745 | | | | 44 | | | | 8 | | | | 85 | | | | | |
Construction, land and development | | | — | | | | — | | | | 55,936 | | | | — | | | | — | | | | 985 | | | | | |
Home equity loans and lines of credit | | | 386 | | | | 11,612 | | | | — | | | | 105 | | | | 34 | | | | — | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total real estate loans | | $ | 5,709 | | | $ | 29,168 | | | $ | 386,828 | | | $ | 149 | | | $ | 52 | | | $ | 3,745 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Other loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | $ | — | | | $ | 5,040 | | | $ | 57,047 | | | $ | — | | | $ | 6 | | | $ | 2,339 | | | | | |
Consumer | | | — | | | | 289 | | | | 3,992 | | | | — | | | | — | | | | 157 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total other loans | | $ | — | | | $ | 5,329 | | | $ | 61,039 | | | $ | — | | | $ | 6 | | | $ | 2,496 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
The following tables set forth certain information regarding the Company’s impaired loans (excluding loans accounted for under ASC 310-30) that were evaluated for specific reserves: |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Impaired Loans - With Allowance | | | Impaired Loans - With no | | | | | | | | | |
Allowance | | | | | | | | |
September 30, 2014 | | Recorded | | | Unpaid | | | Related | | | Recorded | | | Unpaid | | | | | | | | | |
Investment | Principal | Allowance | Investment | Principal | | | | | | | | |
| Balance | | | Balance | | | | | | | | |
| | (Dollars in thousands) | | | | | | | | | |
New Loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Real estate loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | |
1-4 single family residential | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
Construction, land and development | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
Home equity loans and lines of credit | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total real estate loans | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Other loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | |
Consumer | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total other loans | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Acquired Loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Real estate loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | $ | 4,527 | | | $ | 4,695 | | | $ | 4 | | | $ | — | | | $ | — | | | | | | | | | |
1-4 single family residential | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
Construction, land and development | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
Home equity loans and lines of credit | | | — | | | | — | | | | — | | | | 184 | | | | 253 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total real estate loans | | $ | 4,527 | | | $ | 4,695 | | | $ | 4 | | | $ | 184 | | | $ | 253 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Other loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | |
Consumer | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total other loans | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Impaired Loans - With Allowance | | | Impaired Loans - With no | | | | | | | | | |
Allowance | | | | | | | | |
December 31, 2013 | | Recorded | | | Unpaid | | | Related | | | Recorded | | | Unpaid | | | | | | | | | |
Investment | Principal | Allowance | Investment | Principal | | | | | | | | |
| Balance | | | Balance | | | | | | | | |
| | (Dollars in thousands) | | | | | | | | | |
New Loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Real estate loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | |
1-4 single family residential | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
Construction, land and development | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
Home equity loans and lines of credit | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total real estate loans | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Other loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | |
Consumer | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total other loans | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Acquired Loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Real estate loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | $ | — | | | $ | — | | | $ | — | | | $ | 5,134 | | | $ | 5,218 | | | | | | | | | |
1-4 single family residential | | | 189 | | | | 277 | | | | 44 | | | | — | | | | — | | | | | | | | | |
Construction, land and development | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
Home equity loans and lines of credit | | | 386 | | | | 500 | | | | 105 | | | | — | | | | — | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total real estate loans | | $ | 575 | | | $ | 777 | | | $ | 149 | | | $ | 5,134 | | | $ | 5,218 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Other loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | |
Consumer | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total other loans | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Three Months Ended September 30, | | | | | | | | | | | | | |
| | 2014 | | | 2013 | | | | | | | | | | | | | |
| | Average | | | Interest | | | Average | | | Interest | | | | | | | | | | | | | |
Recorded | Income | Recorded | Income | | | | | | | | | | | | |
Investment | Recognized | Investment | Recognized | | | | | | | | | | | | |
| | (Dollars in thousands) | | | | | | | | | | | | | |
Impaired loans with no related allowance: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Real estate loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | $ | — | | | $ | — | | | $ | 5,134 | | | $ | — | | | | | | | | | | | | | |
1-4 single family residential | | | — | | | | — | | | | — | | | | — | | | | | | | | | | | | | |
Construction, land and development | | | — | | | | — | | | | — | | | | — | | | | | | | | | | | | | |
Home equity loans and lines of credit | | | 184 | | | | — | | | | — | | | | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total real estate loans | | $ | 184 | | | $ | — | | | $ | 5,134 | | | $ | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Other loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | $ | — | | | $ | — | | | $ | 247 | | | $ | — | | | | | | | | | | | | | |
Consumer | | | — | | | | — | | | | — | | | | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total other loans | | $ | — | | | $ | — | | | $ | 247 | | | $ | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Impaired loans with an allowance: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Real estate loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | $ | 4,624 | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | | | | | |
1-4 single family residential | | | — | | | | — | | | | — | | | | — | | | | | | | | | | | | | |
Construction, land and development | | | — | | | | — | | | | — | | | | — | | | | | | | | | | | | | |
Home equity loans and lines of credit | | | — | | | | — | | | | — | | | | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total real estate loans | | $ | 4,624 | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Other loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | | | | | |
Consumer | | | — | | | | — | | | | — | | | | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total other loans | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Nine Months Ended September 30, | | | | | | | | | | | | | |
| | 2014 | | | 2013 | | | | | | | | | | | | | |
| | Average | | | Interest | | | Average | | | Interest | | | | | | | | | | | | | |
Recorded | Income | Recorded | Income | | | | | | | | | | | | |
Investment | Recognized | Investment | Recognized | | | | | | | | | | | | |
| | (Dollars in thousands) | | | | | | | | | | | | | |
Impaired loans with no related allowance: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Real estate loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | $ | — | | | $ | — | | | $ | 5,213 | | | $ | — | | | | | | | | | | | | | |
1-4 single family residential | | | — | | | | — | | | | — | | | | — | | | | | | | | | | | | | |
Construction, land and development | | | — | | | | — | | | | — | | | | — | | | | | | | | | | | | | |
Home equity loans and lines of credit | | | 184 | | | | — | | | | — | | | | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total real estate loans | | $ | 184 | | | $ | — | | | $ | 5,213 | | | $ | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Other loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | $ | — | | | $ | — | | | $ | 262 | | | $ | — | | | | | | | | | | | | | |
Consumer | | | — | | | | — | | | | — | | | | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total other loans | | $ | — | | | $ | — | | | $ | 262 | | | $ | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Impaired loans with an allowance: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Real estate loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | $ | 4,687 | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | | | | | |
1-4 single family residential | | | — | | | | — | | | | — | | | | — | | | | | | | | | | | | | |
Construction, land and development | | | — | | | | — | | | | — | | | | — | | | | | | | | | | | | | |
Home equity loans and lines of credit | | | — | | | | — | | | | — | | | | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total real estate loans | | $ | 4,687 | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Other loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | | | | | |
Consumer | | | — | | | | — | | | | — | | | | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total other loans | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |