| Distribution of Undisbursed Loan Commitments |
The following table shows the distribution of undisbursed loan commitments as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
June 30, 2016 |
|
December 31, 2015 |
|
(in thousands) |
Commitments to extend credit |
$ |
272,884 |
|
|
$ |
262,680 |
|
Standby letters of credit |
7,658 |
|
|
6,839 |
|
Commercial letters of credit |
5,524 |
|
|
4,018 |
|
Total undisbursed loan commitments |
$ |
286,066 |
|
|
$ |
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 |
|
June 30, 2016 |
|
June 30, 2015 |
|
Non-PCI Loans |
|
PCI Loans |
|
Total |
|
Non-PCI Loans |
|
PCI Loans |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses: |
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period |
$ |
35,381 |
|
|
$ |
5,645 |
|
|
$ |
41,026 |
|
|
$ |
51,515 |
|
|
$ |
1,436 |
|
|
$ |
52,951 |
|
Charge-offs |
(662 |
) |
|
(137 |
) |
|
(799 |
) |
|
(1,221 |
) |
|
52 |
|
|
(1,169 |
) |
Recoveries on loans previously charged off |
995 |
|
|
— |
|
|
995 |
|
|
1,793 |
|
|
(352 |
) |
|
1,441 |
|
Net loan (charge-offs) recoveries |
333 |
|
|
(137 |
) |
|
196 |
|
|
572 |
|
|
(300 |
) |
|
272 |
|
(Negative provision) provision |
(1,455 |
) |
|
(60 |
) |
|
(1,515 |
) |
|
(2,619 |
) |
|
216 |
|
|
(2,403 |
) |
Balance at end of period |
$ |
34,259 |
|
|
$ |
5,448 |
|
|
$ |
39,707 |
|
|
$ |
49,468 |
|
|
$ |
1,352 |
|
|
$ |
50,820 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of and for the Six Months Ended |
|
June 30, 2016 |
|
June 30, 2015 |
|
Non-PCI Loans |
|
PCI Loans |
|
Total |
|
Non-PCI Loans |
|
PCI Loans |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses: |
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period |
$ |
37,494 |
|
|
$ |
5,441 |
|
|
$ |
42,935 |
|
|
$ |
51,640 |
|
|
$ |
1,026 |
|
|
$ |
52,666 |
|
Charge-offs |
(1,299 |
) |
|
(137 |
) |
|
(1,436 |
) |
|
(1,255 |
) |
|
— |
|
|
(1,255 |
) |
Recoveries on loans previously charged off |
1,248 |
|
|
— |
|
|
1,248 |
|
|
3,485 |
|
|
— |
|
|
3,485 |
|
Net loan (charge-offs) recoveries |
(51 |
) |
|
(137 |
) |
|
(188 |
) |
|
2,230 |
|
|
— |
|
|
2,230 |
|
(Negative provision) provision |
(3,184 |
) |
|
144 |
|
|
(3,040 |
) |
|
(4,402 |
) |
|
326 |
|
|
(4,076 |
) |
Balance at end of period |
$ |
34,259 |
|
|
$ |
5,448 |
|
|
$ |
39,707 |
|
|
$ |
49,468 |
|
|
$ |
1,352 |
|
|
$ |
50,820 |
|
Activity in the allowance for loan off-balance sheet items was as follows for the periods indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of and for the Three Months Ended |
|
As of and for the Six Months Ended |
|
June 30, 2016 |
|
June 30, 2015 |
|
June 30, 2016 |
|
June 30, 2015 |
|
(in thousands) |
Allowance for off-balance sheet items: |
|
|
|
|
|
|
|
Balance at beginning of period |
$ |
1,220 |
|
|
$ |
1,054 |
|
|
$ |
986 |
|
|
$ |
1,366 |
|
Provision (negative provision) |
255 |
|
|
(92 |
) |
|
489 |
|
|
(404 |
) |
Balance at end of period |
$ |
1,475 |
|
|
$ |
962 |
|
|
$ |
1,475 |
|
|
$ |
962 |
|
|