| LOANS AND ALLOWANCE FOR LOAN LOSSES |
4.LOANS AND ALLOWANCE FOR LOAN LOSSES
Loans are stated at their face amount, net of unearned income, and consist of the following at September 30, 2014 and December 31, 2013 (dollars in thousands):
|
|
|
|
|
|
|
|
|
September 30,
|
|
December 31,
|
|
|
2014
|
|
2013
|
|
Commercial:
|
|
|
|
|
|
|
Commercial Construction
|
$
|
303,576
|
|
$
|
213,675
|
|
Commercial Real Estate - Owner Occupied
|
|
856,615
|
|
|
500,764
|
|
Commercial Real Estate - Non-Owner Occupied
|
|
1,423,093
|
|
|
755,905
|
|
Raw Land and Lots
|
|
210,557
|
|
|
187,529
|
|
Single Family Investment Real Estate
|
|
407,972
|
|
|
237,640
|
|
Commercial and Industrial
|
|
380,613
|
|
|
215,702
|
|
Other Commercial
|
|
79,356
|
|
|
52,490
|
|
Consumer:
|
|
|
|
|
|
|
Mortgage
|
|
489,076
|
|
|
237,414
|
|
Consumer Construction
|
|
76,991
|
|
|
48,984
|
|
Indirect Auto
|
|
194,633
|
|
|
174,843
|
|
Indirect Marine
|
|
40,347
|
|
|
38,633
|
|
HELOCs
|
|
496,145
|
|
|
281,579
|
|
Credit Card
|
|
23,736
|
|
|
23,211
|
|
Other Consumer
|
|
188,293
|
|
|
70,999
|
|
Total
|
$
|
5,171,003
|
|
$
|
3,039,368
|
|
|
|
|
|
|
|
The following table shows the aging of the Company’s loan portfolio, by class, at September 30, 2014 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30-59 Days Past Due
|
|
60-89 Days Past Due
|
|
Greater Than 90 Days and still Accruing
|
|
PCI (net of credit mark)
|
|
Nonaccrual
|
|
Current
|
|
Total Loans
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Construction
|
$
|
-
|
|
$
|
-
|
|
$
|
-
|
|
$
|
4,455
|
|
$
|
672
|
|
$
|
298,449
|
|
$
|
303,576
|
|
Commercial Real Estate - Owner Occupied
|
|
4,401
|
|
|
1,153
|
|
|
784
|
|
|
27,710
|
|
|
676
|
|
|
821,891
|
|
|
856,615
|
|
Commercial Real Estate - Non-Owner Occupied
|
|
903
|
|
|
168
|
|
|
5,347
|
|
|
38,831
|
|
|
1,145
|
|
|
1,376,699
|
|
|
1,423,093
|
|
Raw Land and Lots
|
|
356
|
|
|
-
|
|
|
121
|
|
|
8,804
|
|
|
5,074
|
|
|
196,202
|
|
|
210,557
|
|
Single Family Investment Real Estate
|
|
1,208
|
|
|
976
|
|
|
100
|
|
|
19,337
|
|
|
4,202
|
|
|
382,149
|
|
|
407,972
|
|
Commercial and Industrial
|
|
1,346
|
|
|
257
|
|
|
473
|
|
|
4,642
|
|
|
3,005
|
|
|
370,890
|
|
|
380,613
|
|
Other Commercial
|
|
366
|
|
|
-
|
|
|
2,271
|
|
|
2,242
|
|
|
62
|
|
|
74,415
|
|
|
79,356
|
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage
|
|
16,436
|
|
|
4,260
|
|
|
3,903
|
|
|
9,367
|
|
|
4,346
|
|
|
450,764
|
|
|
489,076
|
|
Consumer Construction
|
|
592
|
|
|
198
|
|
|
821
|
|
|
534
|
|
|
-
|
|
|
74,846
|
|
|
76,991
|
|
Indirect Auto
|
|
1,333
|
|
|
280
|
|
|
231
|
|
|
-
|
|
|
-
|
|
|
192,789
|
|
|
194,633
|
|
Indirect Marine
|
|
56
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
226
|
|
|
40,065
|
|
|
40,347
|
|
HELOCs
|
|
4,281
|
|
|
1,034
|
|
|
648
|
|
|
2,121
|
|
|
510
|
|
|
487,551
|
|
|
496,145
|
|
Credit Card
|
|
198
|
|
|
116
|
|
|
214
|
|
|
-
|
|
|
-
|
|
|
23,208
|
|
|
23,736
|
|
Other Consumer
|
|
1,534
|
|
|
838
|
|
|
1,205
|
|
|
1,700
|
|
|
361
|
|
|
182,655
|
|
|
188,293
|
|
Total
|
$
|
33,010
|
|
$
|
9,280
|
|
$
|
16,118
|
|
$
|
119,743
|
|
$
|
20,279
|
|
$
|
4,972,573
|
|
$
|
5,171,003
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The following table shows the aging of the Company’s loan portfolio, by class, at December 31, 2013 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30-59 Days Past Due
|
|
60-89 Days Past Due
|
|
Greater Than 90 Days and still Accruing
|
|
PCI (net of credit mark)
|
|
Nonaccrual
|
|
Current
|
|
Total Loans
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Construction
|
$
|
-
|
|
$
|
-
|
|
$
|
-
|
|
$
|
-
|
|
$
|
1,596
|
|
$
|
212,079
|
|
$
|
213,675
|
|
Commercial Real Estate - Owner Occupied
|
|
514
|
|
|
-
|
|
|
258
|
|
|
-
|
|
|
2,037
|
|
|
497,955
|
|
|
500,764
|
|
Commercial Real Estate - Non-Owner Occupied
|
|
185
|
|
|
42
|
|
|
1,996
|
|
|
-
|
|
|
175
|
|
|
753,507
|
|
|
755,905
|
|
Raw Land and Lots
|
|
922
|
|
|
545
|
|
|
-
|
|
|
2,457
|
|
|
2,560
|
|
|
181,045
|
|
|
187,529
|
|
Single Family Investment Real Estate
|
|
1,783
|
|
|
277
|
|
|
563
|
|
|
275
|
|
|
1,689
|
|
|
233,053
|
|
|
237,640
|
|
Commercial and Industrial
|
|
348
|
|
|
152
|
|
|
220
|
|
|
-
|
|
|
3,848
|
|
|
211,134
|
|
|
215,702
|
|
Other Commercial
|
|
87
|
|
|
1
|
|
|
50
|
|
|
-
|
|
|
126
|
|
|
52,226
|
|
|
52,490
|
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage
|
|
6,779
|
|
|
1,399
|
|
|
1,141
|
|
|
-
|
|
|
2,446
|
|
|
225,649
|
|
|
237,414
|
|
Consumer Construction
|
|
-
|
|
|
-
|
|
|
208
|
|
|
-
|
|
|
-
|
|
|
48,776
|
|
|
48,984
|
|
Indirect Auto
|
|
2,237
|
|
|
252
|
|
|
349
|
|
|
7
|
|
|
-
|
|
|
171,998
|
|
|
174,843
|
|
Indirect Marine
|
|
459
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
288
|
|
|
37,886
|
|
|
38,633
|
|
HELOCs
|
|
2,124
|
|
|
422
|
|
|
1,190
|
|
|
787
|
|
|
43
|
|
|
277,013
|
|
|
281,579
|
|
Credit Card
|
|
105
|
|
|
133
|
|
|
281
|
|
|
-
|
|
|
-
|
|
|
22,692
|
|
|
23,211
|
|
Other Consumer
|
|
888
|
|
|
124
|
|
|
490
|
|
|
96
|
|
|
227
|
|
|
69,174
|
|
|
70,999
|
|
Total
|
$
|
16,431
|
|
$
|
3,347
|
|
$
|
6,746
|
|
$
|
3,622
|
|
$
|
15,035
|
|
$
|
2,994,187
|
|
$
|
3,039,368
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonaccrual loans totaled $20.3 million and $15.0 million at September 30, 2014 and December 31, 2013, respectively. There were no nonaccrual loans excluded from impaired loan disclosures in 2014 or 2013. Loans past due 90 days or more and accruing interest totaled $16.1 million and $6.7 million at September 30, 2014 and December 31, 2013, respectively.
The following table shows the PCI commercial and consumer loan portfolios, by class and their delinquency status, at September 30, 2014 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30-89 Days Past Due
|
|
Greater than 90 Days
|
|
Current
|
|
Total
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Construction
|
$
|
382
|
|
$
|
698
|
|
$
|
3,375
|
|
$
|
4,455
|
|
Commercial Real Estate - Owner Occupied
|
|
1,218
|
|
|
989
|
|
|
25,503
|
|
|
27,710
|
|
Commercial Real Estate - Non-Owner Occupied
|
|
2,531
|
|
|
1,776
|
|
|
34,524
|
|
|
38,831
|
|
Raw Land and Lots
|
|
663
|
|
|
-
|
|
|
8,141
|
|
|
8,804
|
|
Single Family Investment Real Estate
|
|
1,903
|
|
|
2,745
|
|
|
14,689
|
|
|
19,337
|
|
Commercial and Industrial
|
|
592
|
|
|
277
|
|
|
3,773
|
|
|
4,642
|
|
Other Commercial
|
|
514
|
|
|
791
|
|
|
937
|
|
|
2,242
|
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage
|
|
3,342
|
|
|
2,884
|
|
|
3,141
|
|
|
9,367
|
|
Consumer Construction
|
|
-
|
|
|
534
|
|
|
-
|
|
|
534
|
|
HELOCs
|
|
399
|
|
|
625
|
|
|
1,097
|
|
|
2,121
|
|
Other Consumer
|
|
185
|
|
|
174
|
|
|
1,341
|
|
|
1,700
|
|
Total
|
$
|
11,729
|
|
$
|
11,493
|
|
$
|
96,521
|
|
$
|
119,743
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The following table shows the PCI commercial and consumer loan portfolios, by class and their delinquency status, at December 31, 2013 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30-89 Days Past Due
|
|
Greater than 90 Days
|
|
Current
|
|
Total
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Land and Lots
|
$
|
-
|
|
$
|
-
|
|
$
|
2,457
|
|
$
|
2,457
|
|
Single Family Investment Real Estate
|
|
-
|
|
|
-
|
|
|
275
|
|
|
275
|
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
|
|
Indirect Auto
|
|
-
|
|
|
-
|
|
|
7
|
|
|
7
|
|
HELOCs
|
|
-
|
|
|
31
|
|
|
756
|
|
|
787
|
|
Other Consumer
|
|
40
|
|
|
-
|
|
|
56
|
|
|
96
|
|
Total
|
$
|
40
|
|
$
|
31
|
|
$
|
3,551
|
|
$
|
3,622
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Company measures the amount of impairment by evaluating loans either in their collective homogeneous pools or individually. The following table shows the Company’s impaired loans, excluding PCI loans related to the StellarOne acquisition, by class at September 30, 2014 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Recorded Investment
|
|
Unpaid Principal Balance
|
|
Related Allowance
|
|
YTD Average Investment
|
|
Interest Income Recognized
|
|
Loans without a specific allowance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Construction
|
$
|
6,289
|
|
$
|
6,390
|
|
$
|
-
|
|
$
|
6,392
|
|
$
|
163
|
|
Commercial Real Estate - Owner Occupied
|
|
9,721
|
|
|
10,046
|
|
|
-
|
|
|
10,227
|
|
|
213
|
|
Commercial Real Estate - Non-Owner Occupied
|
|
22,966
|
|
|
23,066
|
|
|
-
|
|
|
23,158
|
|
|
839
|
|
Raw Land and Lots
|
|
45,652
|
|
|
48,404
|
|
|
-
|
|
|
57,544
|
|
|
1,889
|
|
Single Family Investment Real Estate
|
|
2,975
|
|
|
3,396
|
|
|
-
|
|
|
3,555
|
|
|
106
|
|
Commercial and Industrial
|
|
2,781
|
|
|
5,881
|
|
|
-
|
|
|
6,203
|
|
|
8
|
|
Other Commercial
|
|
962
|
|
|
966
|
|
|
-
|
|
|
990
|
|
|
43
|
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage
|
|
2,459
|
|
|
2,490
|
|
|
-
|
|
|
2,502
|
|
|
19
|
|
Indirect Auto
|
|
-
|
|
|
11
|
|
|
-
|
|
|
13
|
|
|
-
|
|
Indirect Marine
|
|
90
|
|
|
191
|
|
|
-
|
|
|
191
|
|
|
-
|
|
HELOCs
|
|
678
|
|
|
822
|
|
|
-
|
|
|
980
|
|
|
8
|
|
Other Consumer
|
|
89
|
|
|
207
|
|
|
-
|
|
|
209
|
|
|
-
|
|
Total impaired loans without a specific allowance
|
$
|
94,662
|
|
$
|
101,870
|
|
$
|
-
|
|
$
|
111,964
|
|
$
|
3,288
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans with a specific allowance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Construction
|
$
|
383
|
|
$
|
383
|
|
$
|
201
|
|
$
|
353
|
|
$
|
9
|
|
Commercial Real Estate - Owner Occupied
|
|
8,113
|
|
|
8,317
|
|
|
761
|
|
|
9,398
|
|
|
356
|
|
Commercial Real Estate - Non-Owner Occupied
|
|
10,701
|
|
|
10,685
|
|
|
506
|
|
|
11,037
|
|
|
406
|
|
Raw Land and Lots
|
|
3,759
|
|
|
3,789
|
|
|
487
|
|
|
4,426
|
|
|
71
|
|
Single Family Investment Real Estate
|
|
7,773
|
|
|
9,234
|
|
|
733
|
|
|
8,904
|
|
|
171
|
|
Commercial and Industrial
|
|
4,463
|
|
|
4,768
|
|
|
456
|
|
|
5,012
|
|
|
171
|
|
Other Commercial
|
|
432
|
|
|
449
|
|
|
39
|
|
|
480
|
|
|
22
|
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage
|
|
3,984
|
|
|
4,064
|
|
|
740
|
|
|
4,095
|
|
|
50
|
|
Consumer Construction
|
|
376
|
|
|
376
|
|
|
34
|
|
|
377
|
|
|
14
|
|
Indirect Marine
|
|
332
|
|
|
536
|
|
|
14
|
|
|
540
|
|
|
12
|
|
HELOCs
|
|
580
|
|
|
635
|
|
|
13
|
|
|
649
|
|
|
14
|
|
Other Consumer
|
|
451
|
|
|
467
|
|
|
121
|
|
|
474
|
|
|
6
|
|
Total impaired loans with a specific allowance
|
$
|
41,347
|
|
$
|
43,703
|
|
$
|
4,105
|
|
$
|
45,745
|
|
$
|
1,302
|
|
Total impaired loans
|
$
|
136,009
|
|
$
|
145,573
|
|
$
|
4,105
|
|
$
|
157,709
|
|
$
|
4,590
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The following table shows the Company’s impaired loans, by class, at December 31, 2013 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Recorded Investment
|
|
Unpaid Principal Balance
|
|
Related Allowance
|
|
YTD Average Investment
|
|
Interest Income Recognized
|
|
Loans without a specific allowance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Construction
|
$
|
10,520
|
|
$
|
10,523
|
|
$
|
-
|
|
$
|
9,073
|
|
$
|
282
|
|
Commercial Real Estate - Owner Occupied
|
|
4,281
|
|
|
4,648
|
|
|
-
|
|
|
4,845
|
|
|
206
|
|
Commercial Real Estate - Non-Owner Occupied
|
|
15,012
|
|
|
15,100
|
|
|
-
|
|
|
15,288
|
|
|
572
|
|
Raw Land and Lots
|
|
52,259
|
|
|
52,551
|
|
|
-
|
|
|
61,606
|
|
|
2,024
|
|
Single Family Investment Real Estate
|
|
5,520
|
|
|
6,021
|
|
|
-
|
|
|
6,396
|
|
|
261
|
|
Commercial and Industrial
|
|
4,035
|
|
|
6,835
|
|
|
-
|
|
|
7,083
|
|
|
195
|
|
Other Commercial
|
|
55
|
|
|
134
|
|
|
-
|
|
|
134
|
|
|
-
|
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage
|
|
1,361
|
|
|
1,361
|
|
|
-
|
|
|
1,374
|
|
|
60
|
|
Indirect Auto
|
|
11
|
|
|
19
|
|
|
-
|
|
|
26
|
|
|
-
|
|
Indirect Marine
|
|
495
|
|
|
874
|
|
|
-
|
|
|
887
|
|
|
42
|
|
HELOCs
|
|
1,604
|
|
|
1,755
|
|
|
-
|
|
|
1,921
|
|
|
11
|
|
Other Consumer
|
|
162
|
|
|
211
|
|
|
-
|
|
|
214
|
|
|
-
|
|
Total impaired loans without a specific allowance
|
$
|
95,315
|
|
$
|
100,032
|
|
$
|
-
|
|
$
|
108,847
|
|
$
|
3,653
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans with a specific allowance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Construction
|
$
|
357
|
|
$
|
692
|
|
$
|
135
|
|
$
|
1,136
|
|
$
|
9
|
|
Commercial Real Estate - Owner Occupied
|
|
3,797
|
|
|
3,937
|
|
|
284
|
|
|
4,000
|
|
|
181
|
|
Commercial Real Estate - Non-Owner Occupied
|
|
549
|
|
|
597
|
|
|
76
|
|
|
616
|
|
|
40
|
|
Raw Land and Lots
|
|
1,875
|
|
|
1,905
|
|
|
83
|
|
|
1,985
|
|
|
101
|
|
Single Family Investment Real Estate
|
|
3,389
|
|
|
3,676
|
|
|
335
|
|
|
3,894
|
|
|
114
|
|
Commercial and Industrial
|
|
2,722
|
|
|
3,086
|
|
|
204
|
|
|
3,214
|
|
|
84
|
|
Other Commercial
|
|
255
|
|
|
269
|
|
|
35
|
|
|
254
|
|
|
6
|
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage
|
|
4,041
|
|
|
4,147
|
|
|
660
|
|
|
4,183
|
|
|
123
|
|
Other Consumer
|
|
321
|
|
|
343
|
|
|
151
|
|
|
350
|
|
|
10
|
|
Total impaired loans with a specific allowance
|
$
|
17,306
|
|
$
|
18,652
|
|
$
|
1,963
|
|
$
|
19,632
|
|
$
|
668
|
|
Total impaired loans
|
$
|
112,621
|
|
$
|
118,684
|
|
$
|
1,963
|
|
$
|
128,479
|
|
$
|
4,321
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Company considers TDRs to be impaired loans. A modification of a loan’s terms constitutes a TDR if the creditor grants a concession that it would not otherwise consider to the borrower for economic or legal reasons related to the borrower’s financial difficulties. TDRs totaled $29.0 million and $41.8 million as of September 30, 2014 and December 31, 2013, respectively. All loans that are considered to be TDRs are evaluated for impairment in accordance with the Company’s allowance for loan loss methodology. For the quarter ended September 30, 2014, the recorded investment in restructured loans prior to modifications was not materially impacted by the modification.
The following table provides a summary, by class, of modified loans that continue to accrue interest under the terms of the restructuring agreement, which are considered to be performing, and modified loans that have been placed in nonaccrual status, which are considered to be nonperforming, as of September 30, 2014 and December 31, 2013 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2014
|
|
December 31, 2013
|
|
|
No. of Loans
|
|
Recorded Investment
|
|
Outstanding Commitment
|
|
No. of Loans
|
|
Recorded Investment
|
|
Outstanding Commitment
|
|
Performing
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Construction
|
1
|
|
$
|
690
|
|
$
|
-
|
|
1
|
|
$
|
684
|
|
$
|
-
|
|
Commercial Real Estate - Owner Occupied
|
3
|
|
|
690
|
|
|
-
|
|
4
|
|
|
2,278
|
|
|
-
|
|
Commercial Real Estate - Non-Owner Occupied
|
4
|
|
|
3,918
|
|
|
-
|
|
6
|
|
|
3,771
|
|
|
-
|
|
Raw Land and Lots
|
11
|
|
|
16,084
|
|
|
-
|
|
15
|
|
|
20,741
|
|
|
-
|
|
Single Family Investment Real Estate
|
8
|
|
|
1,892
|
|
|
-
|
|
13
|
|
|
3,497
|
|
|
-
|
|
Commercial and Industrial
|
9
|
|
|
1,075
|
|
|
123
|
|
7
|
|
|
1,125
|
|
|
-
|
|
Other Commercial
|
1
|
|
|
207
|
|
|
-
|
|
-
|
|
|
-
|
|
|
-
|
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage
|
8
|
|
|
1,587
|
|
|
-
|
|
10
|
|
|
2,318
|
|
|
-
|
|
Other Consumer
|
3
|
|
|
100
|
|
|
-
|
|
3
|
|
|
106
|
|
|
-
|
|
Total performing
|
48
|
|
$
|
26,243
|
|
$
|
123
|
|
59
|
|
$
|
34,520
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonperforming
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Construction
|
1
|
|
$
|
253
|
|
$
|
-
|
|
3
|
|
$
|
947
|
|
$
|
-
|
|
Commercial Real Estate - Owner Occupied
|
2
|
|
|
157
|
|
|
-
|
|
3
|
|
|
283
|
|
|
-
|
|
Raw Land and Lots
|
1
|
|
|
937
|
|
|
-
|
|
2
|
|
|
3,973
|
|
|
-
|
|
Single Family Investment Real Estate
|
-
|
|
|
-
|
|
|
-
|
|
1
|
|
|
50
|
|
|
-
|
|
Commercial and Industrial
|
5
|
|
|
486
|
|
|
-
|
|
8
|
|
|
1,195
|
|
|
-
|
|
Other Commercial
|
1
|
|
|
62
|
|
|
-
|
|
-
|
|
|
-
|
|
|
-
|
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage
|
2
|
|
|
774
|
|
|
-
|
|
2
|
|
|
794
|
|
|
-
|
|
Other Consumer
|
1
|
|
|
59
|
|
|
-
|
|
1
|
|
|
62
|
|
|
-
|
|
Total nonperforming
|
13
|
|
$
|
2,728
|
|
$
|
-
|
|
20
|
|
$
|
7,304
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total performing and nonperforming
|
61
|
|
$
|
28,971
|
|
$
|
123
|
|
79
|
|
$
|
41,824
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Company considers a default of a restructured loan to occur when the borrower is 90 days past due following the restructure or a foreclosure and repossession of the applicable collateral occurs. During the three months ended September 30, 2014 and 2013, the Company did not identify any restructured loans that went into default that had been restructured in the twelve-month period prior to default. During the nine months ended September 30, 2014, the Company identified one loan, totaling approximately $24,000, that went into default that had been restructured in the twelve-month period prior to the time of default. This loan was a mortgage loan which had a term modification at a market rate. During the nine months ended September 30, 2013, the Company identified one loan, totaling approximately $43,000, that went into default that had been restructured in the twelve-month period prior to the time of default. This loan was a raw land and lot loan which was modified to an interest only loan with a market rate of interest.
The following table shows, by class and modification type, TDRs that occurred during the three and nine months ended September 30, 2014 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
|
|
Nine months ended
|
|
|
September 30, 2014
|
|
September 30, 2014
|
|
|
No. of Loans
|
|
Recorded investment at period end
|
|
No. of Loans
|
|
Recorded investment at period end
|
|
Term modification, at a market rate
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
Commercial Real Estate - Non-Owner Occupied
|
1
|
|
$
|
989
|
|
1
|
|
$
|
989
|
|
Single Family Investment Real Estate
|
-
|
|
|
-
|
|
1
|
|
|
110
|
|
Commercial and Industrial
|
-
|
|
|
-
|
|
1
|
|
|
33
|
|
Other Commercial
|
-
|
|
|
-
|
|
2
|
|
|
269
|
|
Total loan term extended at a market rate
|
1
|
|
$
|
989
|
|
5
|
|
$
|
1,401
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
1
|
|
$
|
989
|
|
5
|
|
$
|
1,401
|
|
|
|
|
|
|
|
|
|
|
|
The following table shows, by class and modification type, TDRs that occurred during the three and nine months ended September 30, 2013 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
|
|
Nine months ended
|
|
|
September 30, 2013
|
|
September 30, 2013
|
|
|
No. of Loans
|
|
Recorded investment at period end
|
|
No. of Loans
|
|
Recorded investment at period end
|
|
Modified to interest only, at a market rate
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
Raw Land and Lots
|
-
|
|
$
|
-
|
|
1
|
|
$
|
43
|
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
Mortgage
|
1
|
|
|
139
|
|
2
|
|
|
738
|
|
Total interest only at market rate of interest
|
1
|
|
$
|
139
|
|
3
|
|
$
|
781
|
|
|
|
|
|
|
|
|
|
|
|
|
Term modification, at a market rate
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
Commercial Construction
|
-
|
|
$
|
-
|
|
2
|
|
$
|
545
|
|
Commercial Real Estate - Owner Occupied
|
1
|
|
|
167
|
|
2
|
|
|
1,093
|
|
Commercial Real Estate - Non-Owner Occupied
|
-
|
|
|
-
|
|
1
|
|
|
749
|
|
Raw Land and Lots
|
-
|
|
|
-
|
|
3
|
|
|
382
|
|
Single Family Investment Real Estate
|
-
|
|
|
-
|
|
7
|
|
|
2,499
|
|
Commercial and Industrial
|
-
|
|
|
-
|
|
4
|
|
|
613
|
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
Mortgage
|
-
|
|
|
-
|
|
2
|
|
|
686
|
|
Total loan term extended at a market rate
|
1
|
|
$
|
167
|
|
21
|
|
$
|
6,567
|
|
|
|
|
|
|
|
|
|
|
|
|
Term modification, below market rate
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
Commercial Real Estate - Owner Occupied
|
-
|
|
$
|
-
|
|
1
|
|
$
|
149
|
|
Commercial and Industrial
|
-
|
|
|
-
|
|
1
|
|
|
8
|
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
Mortgage
|
-
|
|
|
-
|
|
1
|
|
|
154
|
|
Total loan term extended at a below market rate
|
-
|
|
$
|
-
|
|
3
|
|
$
|
311
|
|
Total
|
2
|
|
$
|
306
|
|
27
|
|
$
|
7,659
|
|
|
|
|
|
|
|
|
|
|
|
The following table shows the allowance for loan loss activity, balances for allowance for credit losses, and loans based on impairment methodology by portfolio segment for the nine months ended September 30, 2014. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
Consumer
|
|
Unallocated
|
|
Total
|
|
Allowance for loan losses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, beginning of the year
|
|
$
|
19,856
|
|
$
|
10,227
|
|
$
|
52
|
|
$
|
30,135
|
|
Recoveries credited to allowance
|
|
|
1,999
|
|
|
866
|
|
|
-
|
|
|
2,865
|
|
Loans charged off
|
|
|
(1,991)
|
|
|
(2,200)
|
|
|
-
|
|
|
(4,191)
|
|
Provision charged to operations
|
|
|
1,455
|
|
|
1,793
|
|
|
52
|
|
|
3,300
|
|
|
|
$
|
21,319
|
|
$
|
10,686
|
|
$
|
104
|
|
$
|
32,109
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance, ALL:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans individually evaluated for impairment
|
|
$
|
3,183
|
|
$
|
922
|
|
$
|
-
|
|
$
|
4,105
|
|
Loans collectively evaluated for impairment
|
|
|
18,136
|
|
|
9,764
|
|
|
104
|
|
|
28,004
|
|
Loans acquired with deteriorated credit quality
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
Total
|
|
$
|
21,319
|
|
$
|
10,686
|
|
$
|
104
|
|
$
|
32,109
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance, Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans individually evaluated for impairment
|
|
$
|
125,310
|
|
$
|
8,855
|
|
$
|
-
|
|
$
|
134,165
|
|
Loans collectively evaluated for impairment
|
|
|
3,430,451
|
|
|
1,486,644
|
|
|
-
|
|
|
4,917,095
|
|
Loans acquired with deteriorated credit quality
|
|
|
106,021
|
|
|
13,722
|
|
|
-
|
|
|
119,743
|
|
Total
|
|
$
|
3,661,782
|
|
$
|
1,509,221
|
|
$
|
-
|
|
$
|
5,171,003
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The following table shows the allowance for loan loss activity, balances for allowance for credit losses, and loans based on impairment methodology by portfolio segment for the year ended December 31, 2013. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
Consumer
|
|
Unallocated
|
|
Total
|
|
Allowance for loan losses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, beginning of the year
|
|
$
|
24,821
|
|
$
|
10,107
|
|
$
|
(12)
|
|
$
|
34,916
|
|
Recoveries credited to allowance
|
|
|
1,496
|
|
|
1,285
|
|
|
-
|
|
|
2,781
|
|
Loans charged off
|
|
|
(8,534)
|
|
|
(5,084)
|
|
|
-
|
|
|
(13,618)
|
|
Provision charged to operations
|
|
|
2,073
|
|
|
3,919
|
|
|
64
|
|
|
6,056
|
|
Balance, end of period
|
|
$
|
19,856
|
|
$
|
10,227
|
|
$
|
52
|
|
$
|
30,135
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance, ALL:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans individually evaluated for impairment
|
|
$
|
1,152
|
|
$
|
811
|
|
$
|
-
|
|
$
|
1,963
|
|
Loans collectively evaluated for impairment
|
|
|
18,704
|
|
|
9,416
|
|
|
52
|
|
|
28,172
|
|
Loans acquired with deteriorated credit quality
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
Total
|
|
$
|
19,856
|
|
$
|
10,227
|
|
$
|
52
|
|
$
|
30,135
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance, Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans individually evaluated for impairment
|
|
$
|
101,894
|
|
$
|
7,105
|
|
$
|
-
|
|
$
|
108,999
|
|
Loans collectively evaluated for impairment
|
|
|
2,059,079
|
|
|
867,668
|
|
|
-
|
|
|
2,926,747
|
|
Loans acquired with deteriorated credit quality
|
|
|
2,732
|
|
|
890
|
|
|
-
|
|
|
3,622
|
|
Total
|
|
$
|
2,163,705
|
|
$
|
875,663
|
|
$
|
-
|
|
$
|
3,039,368
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The following table shows the allowance for loan loss activity, balances for allowance for credit losses, and loans based on impairment methodology by portfolio segment for the nine months ended September 30, 2013. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
Consumer
|
|
Unallocated
|
|
Total
|
|
Allowance for loan losses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, beginning of the year
|
|
$
|
24,821
|
|
$
|
10,107
|
|
$
|
(12)
|
|
$
|
34,916
|
|
Recoveries credited to allowance
|
|
|
1,051
|
|
|
841
|
|
|
-
|
|
|
1,892
|
|
Loans charged off
|
|
|
(4,775)
|
|
|
(3,006)
|
|
|
-
|
|
|
(7,781)
|
|
Provision charged to operations
|
|
|
3,200
|
|
|
1,741
|
|
|
(91)
|
|
|
4,850
|
|
Balance, end of period
|
|
$
|
24,297
|
|
$
|
9,683
|
|
$
|
(103)
|
|
$
|
33,877
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance, ALL:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans individually evaluated for impairment
|
|
$
|
5,607
|
|
$
|
1,454
|
|
$
|
-
|
|
$
|
7,061
|
|
Loans collectively evaluated for impairment
|
|
|
18,690
|
|
|
8,229
|
|
|
(103)
|
|
|
26,816
|
|
Loans acquired with deteriorated credit quality
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
Total
|
|
$
|
24,297
|
|
$
|
9,683
|
|
$
|
(103)
|
|
$
|
33,877
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance, Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans individually evaluated for impairment
|
|
$
|
107,566
|
|
$
|
7,730
|
|
$
|
-
|
|
$
|
115,296
|
|
Loans collectively evaluated for impairment
|
|
|
2,014,220
|
|
|
868,779
|
|
|
-
|
|
|
2,882,999
|
|
Loans acquired with deteriorated credit quality
|
|
|
3,031
|
|
|
920
|
|
|
-
|
|
|
3,951
|
|
Total
|
|
$
|
2,124,817
|
|
$
|
877,429
|
|
$
|
-
|
|
$
|
3,002,246
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Company uses the past due status and trends as the primary credit quality indicator for the consumer loan portfolio segment while a risk rating system is utilized for commercial loans. Commercial loans are graded on a scale of 1 through 9. A general description of the characteristics of the risk grades follows:
|
·
|
|
Risk rated 1 loans have little or no risk and are generally secured by cash or cash equivalents;
|
|
·
|
|
Risk rated 2 loans have minimal risk to well qualified borrowers and no significant questions as to safety;
|
|
·
|
|
Risk rated 3 loans are satisfactory loans with strong borrowers and secondary sources of repayment;
|
|
·
|
|
Risk rated 4 loans are satisfactory loans with borrowers not as strong as risk rated 3 loans and may exhibit a greater degree of financial risk based on the type of business supporting the loan;
|
|
·
|
|
Risk rated 5 loans are watch loans that warrant more than the normal level of supervision and have the possibility of an event occurring that may weaken the borrower’s ability to repay;
|
|
·
|
|
Risk rated 6 loans have increasing potential weaknesses beyond those at which the loan originally was granted and if not addressed could lead to inadequately protecting the Company’s credit position;
|
|
·
|
|
Risk rated 7 loans are substandard loans and are inadequately protected by the current sound worth or paying capacity of the obligor or the collateral pledged; these have well defined weaknesses that jeopardize the liquidation of the debt with the distinct possibility the Company will sustain some loss if the deficiencies are not corrected;
|
|
·
|
|
Risk rated 8 loans are doubtful of collection and the possibility of loss is high but pending specific borrower plans for recovery, its classification as a loss is deferred until its more exact status is determined; and
|
|
·
|
|
Risk rated 9 loans are loss loans which are considered uncollectable and of such little value that their continuance as bankable assets is not warranted.
|
The following table shows all loans, excluding PCI loans, in the commercial portfolios by class with their related risk rating current as of September 30, 2014 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-3
|
|
4
|
|
5
|
|
6
|
|
7
|
|
8
|
|
Total
|
|
Commercial Construction
|
$
|
20,850
|
|
$
|
250,160
|
|
$
|
13,214
|
|
$
|
11,597
|
|
$
|
3,300
|
|
$
|
-
|
|
$
|
299,121
|
|
Commercial Real Estate - Owner Occupied
|
|
174,759
|
|
|
609,379
|
|
|
16,544
|
|
|
18,255
|
|
|
9,968
|
|
|
-
|
|
|
828,905
|
|
Commercial Real Estate - Non-Owner Occupied
|
|
294,645
|
|
|
1,004,064
|
|
|
40,097
|
|
|
13,246
|
|
|
32,210
|
|
|
-
|
|
|
1,384,262
|
|
Raw Land and Lots
|
|
12,356
|
|
|
124,968
|
|
|
14,568
|
|
|
3,797
|
|
|
46,064
|
|
|
-
|
|
|
201,753
|
|
Single Family Investment Real Estate
|
|
62,225
|
|
|
299,539
|
|
|
9,874
|
|
|
7,175
|
|
|
9,822
|
|
|
-
|
|
|
388,635
|
|
Commercial and Industrial
|
|
131,104
|
|
|
225,795
|
|
|
6,811
|
|
|
5,194
|
|
|
7,067
|
|
|
-
|
|
|
375,971
|
|
Other Commercial
|
|
33,174
|
|
|
34,284
|
|
|
7,037
|
|
|
1,224
|
|
|
1,395
|
|
|
-
|
|
|
77,114
|
|
Total
|
$
|
729,113
|
|
$
|
2,548,189
|
|
$
|
108,145
|
|
$
|
60,488
|
|
$
|
109,826
|
|
$
|
-
|
|
$
|
3,555,761
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The following table shows all loans, excluding PCI loans, in the commercial portfolios by class with their related risk rating current as of December 31, 2013 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-3
|
|
4
|
|
5
|
|
6
|
|
7
|
|
8
|
|
Total
|
|
Commercial Construction
|
$
|
24,399
|
|
$
|
148,251
|
|
$
|
20,370
|
|
$
|
13,772
|
|
$
|
6,883
|
|
$
|
-
|
|
$
|
213,675
|
|
Commercial Real Estate - Owner Occupied
|
|
149,632
|
|
|
324,394
|
|
|
10,017
|
|
|
10,926
|
|
|
5,795
|
|
|
-
|
|
|
500,764
|
|
Commercial Real Estate - Non-Owner Occupied
|
|
224,702
|
|
|
453,279
|
|
|
21,953
|
|
|
46,084
|
|
|
9,887
|
|
|
-
|
|
|
755,905
|
|
Raw Land and Lots
|
|
8,648
|
|
|
98,927
|
|
|
14,132
|
|
|
16,439
|
|
|
46,926
|
|
|
-
|
|
|
185,072
|
|
Single Family Investment Real Estate
|
|
38,327
|
|
|
168,564
|
|
|
12,302
|
|
|
11,522
|
|
|
6,650
|
|
|
-
|
|
|
237,365
|
|
Commercial and Industrial
|
|
68,748
|
|
|
123,585
|
|
|
8,254
|
|
|
8,752
|
|
|
3,822
|
|
|
2,541
|
|
|
215,702
|
|
Other Commercial
|
|
18,593
|
|
|
23,160
|
|
|
8,529
|
|
|
1,897
|
|
|
311
|
|
|
-
|
|
|
52,490
|
|
Total
|
$
|
533,049
|
|
$
|
1,340,160
|
|
$
|
95,557
|
|
$
|
109,392
|
|
$
|
80,274
|
|
$
|
2,541
|
|
$
|
2,160,973
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The following table shows only PCI loans in the commercial portfolios by class with their related risk rating and credit quality indicator information current as of September 30, 2014 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4
|
|
5
|
|
6
|
|
7
|
|
8
|
|
Total
|
|
Commercial Construction
|
$
|
-
|
|
$
|
-
|
|
$
|
3,375
|
|
$
|
609
|
|
$
|
471
|
|
$
|
4,455
|
|
Commercial Real Estate - Owner Occupied
|
|
530
|
|
|
5,938
|
|
|
7,375
|
|
|
13,867
|
|
|
-
|
|
|
27,710
|
|
Commercial Real Estate - Non-Owner Occupied
|
|
1,654
|
|
|
295
|
|
|
16,148
|
|
|
20,734
|
|
|
-
|
|
|
38,831
|
|
Raw Land and Lots
|
|
1,414
|
|
|
1,465
|
|
|
2,464
|
|
|
3,461
|
|
|
-
|
|
|
8,804
|
|
Single Family Investment Real Estate
|
|
2,757
|
|
|
873
|
|
|
6,689
|
|
|
9,018
|
|
|
-
|
|
|
19,337
|
|
Commercial and Industrial
|
|
478
|
|
|
-
|
|
|
1,193
|
|
|
2,931
|
|
|
40
|
|
|
4,642
|
|
Other Commercial
|
|
-
|
|
|
-
|
|
|
282
|
|
|
1,960
|
|
|
-
|
|
|
2,242
|
|
Total
|
$
|
6,833
|
|
$
|
8,571
|
|
$
|
37,526
|
|
$
|
52,580
|
|
$
|
511
|
|
$
|
106,021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The following table shows only PCI loans in the commercial portfolios by class with their related risk rating and credit quality indicator information current as of December 31, 2013 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4
|
|
5
|
|
6
|
|
7
|
|
8
|
|
Total
|
|
Raw Land and Lots
|
$
|
-
|
|
$
|
653
|
|
$
|
-
|
|
$
|
1,804
|
|
$
|
-
|
|
$
|
2,457
|
|
Single Family Investment Real Estate
|
|
275
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
275
|
|
Total
|
$
|
275
|
|
$
|
653
|
|
$
|
-
|
|
$
|
1,804
|
|
$
|
-
|
|
$
|
2,732
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans acquired are originally recorded at fair value, with certain loans being identified as impaired at the date of purchase. The fair values were determined based on the credit quality of the portfolio, expected future cash flows, and timing of those expected future cash flows.
The following shows changes in the Company’s PCI loan portfolio and accretable yield for loans accounted for under ASC 310-30 for the periods presented (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Nine Months Ended
|
|
For the Nine Months Ended
|
|
|
September 30, 2014
|
|
September 30, 2013
|
|
|
Accretable Yield
|
|
Carrying Amount of Loans
|
|
Accretable Yield
|
|
Carrying Amount of Loans
|
|
Balance at beginning of period
|
$
|
2,980
|
|
$
|
3,622
|
|
$
|
3,147
|
|
$
|
4,565
|
|
Additions
|
|
34,653
|
|
|
145,454
|
|
|
-
|
|
|
-
|
|
Accretion
|
|
(5,681)
|
|
|
-
|
|
|
-
|
|
|
-
|
|
Charge-offs
|
|
(472)
|
|
|
-
|
|
|
(54)
|
|
|
(96)
|
|
Transfers to OREO
|
|
-
|
|
|
(1,006)
|
|
|
-
|
|
|
(201)
|
|
Payments received, net
|
|
-
|
|
|
(28,327)
|
|
|
-
|
|
|
(317)
|
|
Other, net
|
|
(1,678)
|
|
|
-
|
|
|
-
|
|
|
-
|
|
Balance at end of period
|
$
|
29,802
|
|
$
|
119,743
|
|
$
|
3,093
|
|
$
|
3,951
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans in the Company’s acquired performing loan portfolio, accounted for under ASC 310-20, totaled $1.9 billion at September 30, 2014 and $377.8 million at December 31, 2013; the remaining discount on these loans totaled $25.1 million and $3.3 million, respectively.
|