| Distribution of Undisbursed Loan Commitments |
The following table shows the distribution of undisbursed loan commitments as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
September 30, 2016 |
|
December 31, 2015 |
|
(in thousands) |
Commitments to extend credit |
$ |
330,116 |
|
|
$ |
262,680 |
|
Standby letters of credit |
7,793 |
|
|
6,839 |
|
Commercial letters of credit |
3,652 |
|
|
4,018 |
|
Total undisbursed loan commitments |
$ |
341,561 |
|
|
$ |
273,537 |
|
|
| Allowance For Loan Losses And Allowance For Off Balance Sheet Items |
Activity in the allowance for loan losses was as follows for the periods indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of and for the Three Months Ended |
|
September 30, 2016 |
|
September 30, 2015 |
|
Non-PCI Loans |
|
PCI Loans |
|
Total |
|
Non-PCI Loans |
|
PCI Loans |
|
Total |
|
(in thousands) |
Allowance for loan losses: |
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period |
$ |
34,259 |
|
|
$ |
5,448 |
|
|
$ |
39,707 |
|
|
$ |
49,468 |
|
|
$ |
1,352 |
|
|
$ |
50,820 |
|
Charge-offs |
(111 |
) |
|
(5 |
) |
|
(116 |
) |
|
(1,748 |
) |
|
— |
|
|
(1,748 |
) |
Recoveries on loans previously charged off |
831 |
|
|
— |
|
|
831 |
|
|
992 |
|
|
— |
|
|
992 |
|
Net loan (charge-offs) recoveries |
720 |
|
|
(5 |
) |
|
715 |
|
|
(756 |
) |
|
— |
|
|
(756 |
) |
(Negative provision) provision |
(1,540 |
) |
|
90 |
|
|
(1,450 |
) |
|
(5,490 |
) |
|
1,786 |
|
|
(3,704 |
) |
Balance at end of period |
$ |
33,439 |
|
|
$ |
5,533 |
|
|
$ |
38,972 |
|
|
$ |
43,222 |
|
|
$ |
3,138 |
|
|
$ |
46,360 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of and for the Nine Months Ended |
|
September 30, 2016 |
|
September 30, 2015 |
|
Non-PCI Loans |
|
PCI Loans |
|
Total |
|
Non-PCI Loans |
|
PCI Loans |
|
Total |
|
(in thousands) |
Allowance for loan losses: |
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period |
$ |
37,494 |
|
|
$ |
5,441 |
|
|
$ |
42,935 |
|
|
$ |
51,640 |
|
|
$ |
1,026 |
|
|
$ |
52,666 |
|
Charge-offs |
(1,410 |
) |
|
(142 |
) |
|
(1,552 |
) |
|
(3,004 |
) |
|
— |
|
|
(3,004 |
) |
Recoveries on loans previously charged off |
2,079 |
|
|
— |
|
|
2,079 |
|
|
4,477 |
|
|
— |
|
|
4,477 |
|
Net loan (charge-offs) recoveries |
669 |
|
|
(142 |
) |
|
527 |
|
|
1,473 |
|
|
— |
|
|
1,473 |
|
(Negative provision) provision |
(4,724 |
) |
|
234 |
|
|
(4,490 |
) |
|
(9,891 |
) |
|
2,112 |
|
|
(7,779 |
) |
Balance at end of period |
$ |
33,439 |
|
|
$ |
5,533 |
|
|
$ |
38,972 |
|
|
$ |
43,222 |
|
|
$ |
3,138 |
|
|
$ |
46,360 |
|
Activity in the allowance for loan off-balance sheet items was as follows for the periods indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
September 30, |
|
Nine Months Ended
September 30, |
|
2016 |
|
2015 |
|
2016 |
|
2015 |
|
(in thousands) |
Balance at beginning of period |
$ |
1,475 |
|
|
$ |
962 |
|
|
$ |
986 |
|
|
$ |
1,366 |
|
Provision (negative provision) |
16 |
|
|
(406 |
) |
|
505 |
|
|
(810 |
) |
Balance at end of period |
$ |
1,491 |
|
|
$ |
556 |
|
|
$ |
1,491 |
|
|
$ |
556 |
|
|