| Distribution of Undisbursed Loan Commitments |
The following table shows the distribution of undisbursed loan commitments as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
September 30, 2017 |
|
December 31, 2016 |
|
(in thousands) |
Commitments to extend credit |
$ |
301,049 |
|
|
$ |
310,987 |
|
Standby letters of credit |
19,521 |
|
|
15,669 |
|
Commercial letters of credit |
6,833 |
|
|
4,215 |
|
Total undisbursed loan commitments |
$ |
327,403 |
|
|
$ |
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 |
|
September 30, 2017 |
|
September 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 |
$ |
33,038 |
|
|
$ |
720 |
|
|
$ |
33,758 |
|
|
$ |
34,259 |
|
|
$ |
5,448 |
|
|
$ |
39,707 |
|
Charge-offs |
(2,405 |
) |
|
— |
|
|
(2,405 |
) |
|
(111 |
) |
|
(5 |
) |
|
(116 |
) |
Recoveries on loans and leases previously charged off |
871 |
|
|
— |
|
|
871 |
|
|
831 |
|
|
— |
|
|
831 |
|
Net loan and lease (charge-offs) recoveries |
(1,534 |
) |
|
— |
|
|
(1,534 |
) |
|
720 |
|
|
(5 |
) |
|
715 |
|
Loan and lease loss provision (income) |
194 |
|
|
74 |
|
|
268 |
|
|
(1,540 |
) |
|
90 |
|
|
(1,450 |
) |
Balance at end of period |
$ |
31,698 |
|
|
$ |
794 |
|
|
$ |
32,492 |
|
|
$ |
33,439 |
|
|
$ |
5,533 |
|
|
$ |
38,972 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of and for the Nine Months Ended |
|
September 30, 2017 |
|
September 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 |
(3,256 |
) |
|
— |
|
|
(3,256 |
) |
|
(1,410 |
) |
|
(142 |
) |
|
(1,552 |
) |
Recoveries on loans and leases previously charged off |
2,709 |
|
|
— |
|
|
2,709 |
|
|
2,079 |
|
|
— |
|
|
2,079 |
|
Net loan and lease (charge-offs) recoveries |
(547 |
) |
|
— |
|
|
(547 |
) |
|
669 |
|
|
(142 |
) |
|
527 |
|
Loan and lease loss provision (income) |
787 |
|
|
(177 |
) |
|
610 |
|
|
(4,724 |
) |
|
234 |
|
|
(4,490 |
) |
Balance at end of period |
$ |
31,698 |
|
|
$ |
794 |
|
|
$ |
32,492 |
|
|
$ |
33,439 |
|
|
$ |
5,533 |
|
|
$ |
38,972 |
|
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, |
|
2017 |
|
2016 |
|
2017 |
|
2016 |
|
(in thousands) |
Balance at beginning of period |
$ |
1,135 |
|
|
$ |
1,475 |
|
|
$ |
1,184 |
|
|
$ |
986 |
|
Provision (income) |
(220 |
) |
|
16 |
|
|
(269 |
) |
|
505 |
|
Balance at end of period |
$ |
915 |
|
|
$ |
1,491 |
|
|
$ |
915 |
|
|
$ |
1,491 |
|
|