41
The table that follows summarizes the activity in the allowance for loan and lease losses for the periods indicated:
Allowance for Loan andLease Losses
(dollars in thousands)
Balances:
2014
2013
2012
2011
2010
Average gross loans and leases outstanding during period
859,981
$
804,533
$
789,333
$
767,901
$
851,292
$
Gross loans and leases held for investment
970,653
$
803,242
$
879,795
$
757,591
$
804,626
$
Allowance for Loan andLease Losses:
Balance at beginning of period
11,677
$
13,873
$
17,283
$
21,138
$
23,715
$
Provision charged to expense
350
4,350
14,210
12,000
16,680
Charge-offs
Real Estate:
1-4 family residential construction
-
-
46
1,389
1,706
Other Construction/Land
135
625
1,994
1,807
4,579
1-4 Family - closed-end
431
454
1,763
795
1,400
Equity Lines
828
1,131
1,234
1,776
596
Multi-family residential
-
-
1,262
-
97
Commercial RE- owner occupied
171
933
2,117
1,306
946
Commercial RE - non-owner occupied
45
523
2,522
3,027
1,358
Farmland
19
539
170
496
27
TOTAL REAL ESTATE
1,629
4,205
11,108
10,596
10,709
Agricultural
124
473
634
-
-
Commercial and Industrial
625
1,668
4,468
3,637
5,937
Mortgage Warehouse Lines
-
-
-
-
-
Consumer Loans
1,837
1,917
2,568
2,754
3,691
Total
4,215
8,263
18,778
16,987
20,337
Recoveries
Real Estate:
1-4 family residential construction
38
-
7
133
25
Other Construction/Land
702
174
61
38
13
1-4 Family - closed-end
317
58
40
23
41
Equity Lines
273
118
21
4
41
Multi-family residential
-
36
-
-
-
Commercial RE- owner occupied
504
60
104
71
-
Commercial RE - non-owner occupied
79
172
12
148
-
Farmland
-
-
57
1
-
TOTAL REAL ESTATE
1,913
618
302
418
120
Agricultural
6
-
-
-
-
Commercial and Industrial
801
802
578
451
684
Mortgage Warehouse Lines
-
-
-
-
-
Consumer Loans
716
297
278
263
276
Total
3,436
1,717
1,158
1,132
1,080
Net loan charge offs (recoveries)
779
6,546
17,620
15,855
19,257
Balance
11,248
$
11,677
$
13,873
$
17,283
$
21,138
$
RATIOS
Net Loan and Lease Charge-offs to Average Loans and Leases
0.09%
0.81%
2.23%
2.06%
2.26%
Allowance for Loan and Lease Losses to
Gross Loans and Leases at End of Period
1.16%
1.45%
1.58%
2.28%
2.63%
Allowance for Loan Losses to
Non-Performing Loans
54.40% 31.21% 26.13% 30.80% 46.00%
Net Loan and Lease Charge-offs to Allowance
for Loan Losses at End of Period
6.93% 56.06% 127.01% 91.74% 91.10%
Net Loan Charge-offs to
Provision for Loan and Lease Losses
222.57% 150.48% 124.00% 132.13% 115.45%
As of and for the years endedDecember 31,
