| Distribution of Undisbursed Loan Commitments |
The following table shows the distribution of undisbursed loan commitments as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
June 30, 2017 |
|
December 31, 2016 |
|
(in thousands) |
Commitments to extend credit |
$ |
313,290 |
|
|
$ |
310,987 |
|
Standby letters of credit |
19,249 |
|
|
15,669 |
|
Commercial letters of credit |
14,890 |
|
|
4,215 |
|
Total undisbursed loan commitments |
$ |
347,429 |
|
|
$ |
330,871 |
|
|
| Allowance For Loan Losses And Allowance For Off Balance Sheet Items |
Activity in the allowance for loan and lease losses was as follows for the periods indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of and for the Three Months Ended |
|
June 30, 2017 |
|
June 30, 2016 |
|
Non-PCI Loans and Leases |
|
PCI Loans |
|
Total |
|
Non-PCI Loans and Leases |
|
PCI Loans |
|
Total |
|
(in thousands) |
Allowance for loan and lease losses: |
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period |
$ |
32,261 |
|
|
$ |
891 |
|
|
$ |
33,152 |
|
|
$ |
35,381 |
|
|
$ |
5,645 |
|
|
$ |
41,026 |
|
Charge-offs |
(665 |
) |
|
— |
|
|
(665 |
) |
|
(662 |
) |
|
(137 |
) |
|
(799 |
) |
Recoveries on loans and leases previously charged off |
849 |
|
|
— |
|
|
849 |
|
|
995 |
|
|
— |
|
|
995 |
|
Net loan and lease (charge-offs) recoveries |
184 |
|
|
— |
|
|
184 |
|
|
333 |
|
|
(137 |
) |
|
196 |
|
Loan and lease loss provision (income) |
593 |
|
|
(171 |
) |
|
422 |
|
|
(1,455 |
) |
|
(60 |
) |
|
(1,515 |
) |
Balance at end of period |
$ |
33,038 |
|
|
$ |
720 |
|
|
$ |
33,758 |
|
|
$ |
34,259 |
|
|
$ |
5,448 |
|
|
$ |
39,707 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of and for the Six Months Ended |
|
June 30, 2017 |
|
June 30, 2016 |
|
Non-PCI Loans and Leases |
|
PCI Loans |
|
Total |
|
Non-PCI Loans and Leases |
|
PCI Loans |
|
Total |
|
(in thousands) |
Allowance for loan and lease losses: |
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period |
$ |
31,458 |
|
|
$ |
971 |
|
|
$ |
32,429 |
|
|
$ |
37,494 |
|
|
$ |
5,441 |
|
|
$ |
42,935 |
|
Charge-offs |
(851 |
) |
|
— |
|
|
(851 |
) |
|
(1,299 |
) |
|
(137 |
) |
|
(1,436 |
) |
Recoveries on loans and leases previously charged off |
1,838 |
|
|
— |
|
|
1,838 |
|
|
1,248 |
|
|
— |
|
|
1,248 |
|
Net loan and lease (charge-offs) recoveries |
987 |
|
|
— |
|
|
987 |
|
|
(51 |
) |
|
(137 |
) |
|
(188 |
) |
Loan and lease loss provision (income) |
593 |
|
|
(251 |
) |
|
342 |
|
|
(3,184 |
) |
|
144 |
|
|
(3,040 |
) |
Balance at end of period |
$ |
33,038 |
|
|
$ |
720 |
|
|
$ |
33,758 |
|
|
$ |
34,259 |
|
|
$ |
5,448 |
|
|
$ |
39,707 |
|
Activity in the allowance for loan off-balance sheet items was as follows for the periods indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
|
2017 |
|
2016 |
|
2017 |
|
2016 |
|
(in thousands) |
Balance at beginning of period |
$ |
1,184 |
|
|
$ |
1,220 |
|
|
$ |
1,184 |
|
|
$ |
986 |
|
Provision (income) |
(49 |
) |
|
255 |
|
|
(49 |
) |
|
489 |
|
Balance at end of period |
$ |
1,135 |
|
|
$ |
1,475 |
|
|
$ |
1,135 |
|
|
$ |
1,475 |
|
|