Rendering

Component: (Network and Table)
Network
2306301 - Disclosure - Allowance For Loan Losses And Credit Quality Of Financing Receivables (Tables)
(http://www.sussexbank.com/role/AllowanceForLoanLossesAndCreditQualityOfFinancingReceivablesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Receivables [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Receivables [Abstract]
 
Changes In The Allowance For Loan Losses
The following table presents changes in the allowance for loan losses disaggregated by the class of loans receivable for the years ended December 31, 2016 and 2015:  
(Dollars in thousands)
Commercial
and
Industrial
 
Construction
 
Commercial
Real
Estate
 
Residential
Real
Estate
 
Consumer
and
Other
 
Unallocated
 
Total
Year Ended:
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
85

 
$
220

 
$
3,646

 
$
784

 
$
87

 
$
768

 
$
5,590

Charge-offs
(227
)
 

 
(187
)
 
(67
)
 
(37
)
 

 
(518
)
Recoveries
268

 

 
37

 
21

 
7

 

 
333

Provision
(16
)
 
139

 
436

 
161

 
(38
)
 
609

 
1,291

Ending balance
$
110

 
$
359

 
$
3,932

 
$
899

 
$
19

 
$
1,377

 
$
6,696

December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
231

 
383

 
$
3,491

 
$
903

 
$
19

 
$
614

 
$
5,641

Charge-offs
(19
)
 

 
(560
)
 
(165
)
 
(25
)
 

 
(769
)
Recoveries
17

 

 
41

 
17

 
7

 

 
82

Provision
(144
)
 
(163
)
 
674

 
29

 
86

 
154

 
636

Ending balance
$
85

 
$
220

 
$
3,646

 
$
784

 
$
87

 
$
768

 
$
5,590

 
 
Allowances Of Loan Losses And Loans Receivable By Class Disaggregated
The following table presents the balance in the allowance of loan losses at December 31, 2016 and 2015 disaggregated on the basis of our impairment method by class of loans receivable along with the balance of loans receivable by class disaggregated on the basis of our impairment methodology:
 
Allowance for Loan Losses
 
Loans Receivable
(Dollars in thousands)
Balance
 
Balance
Related to
Loans
Individually
Evaluated for
Impairment
 
Balance
Related to
Loans
Collectively
Evaluated for
Impairment
 
Balance
 
Individually
Evaluated for
Impairment
 
Collectively
Evaluated for
Impairment
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
110

 
$
14

 
$
96

 
$
40,280

 
$
33

 
$
40,247

Construction
359

 

 
$
359

 
25,360

 

 
$
25,360

Commercial real estate
3,932

 
135

 
$
3,797

 
479,227

 
4,597

 
$
474,630

Residential real estate
899

 
6

 
$
893

 
150,237

 
1,967

 
$
148,270

Consumer and other loans
19

 

 
$
19

 
1,038

 

 
1,038

Unallocated
1,377

 

 

 

 

 

Total
$
6,696

 
$
155

 
$
5,164

 
$
696,142

 
$
6,597

 
$
689,545

December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
85

 
$

 
$
85

 
$
20,023

 
$
20

 
$
20,003

Construction
220

 

 
$
220

 
13,348

 

 
$
13,348

Commercial real estate
3,646

 
112

 
$
3,534

 
382,262

 
5,160

 
$
377,102

Residential real estate
784

 
79

 
$
705

 
127,204

 
1,546

 
$
125,658

Consumer and other loans
87

 
73

 
$
14

 
1,253

 
138

 
$
1,115

Unallocated
768

 

 

 

 

 

Total
$
5,590

 
$
264

 
$
4,558

 
$
544,090

 
$
6,864

 
$
537,226

 
 
An Age Analysis Of Loans Receivable
An age analysis of loans receivable which were past due as of December 31, 2016 and 2015 is as follows:
(Dollars in thousands)
30-59 Days
Past Due
 
60-89 days
Past Due
 
Greater
Than
90 Days (a)
 
Total Past
Due
 
Current
 
Total
Financing
Receivables
 
Recorded
Investment
> 90 Days
and
Accruing
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$

 
$

 
$
137

 
$
137

 
$
40,143

 
$
40,280

 
$
104

Construction

 

 
309

 
309

 
25,051

 
$
25,360

 
309

Commercial real estate
84

 
719

 
4,103

 
4,906

 
474,321

 
$
479,227

 
55

Residential real estate
786

 
247

 
1,752

 
2,785

 
147,452

 
$
150,237

 

Consumer and other
4

 

 

 
4

 
1,034

 
$
1,038

 

Total
$
874

 
$
966

 
$
6,301

 
$
8,141

 
$
688,001

 
$
696,142

 
$
468

December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
5

 
$

 
$
20

 
$
25

 
$
19,998

 
$
20,023

 
$

Construction

 

 

 

 
13,348

 
$
13,348

 

Commercial real estate
758

 
1,461

 
4,016

 
6,235

 
376,027

 
$
382,262

 

Residential real estate
335

 
247

 
1,138

 
1,720

 
125,484

 
$
127,204

 

Consumer and other
16

 
1

 
138

 
155

 
1,098

 
$
1,253

 

Total
$
1,114

 
$
1,709

 
$
5,312

 
$
8,135

 
$
535,955

 
$
544,090

 
$

(a) includes loans greater than 90 days past due and still accruing and non-accrual loans.
 
 
Loans Which The Accrual Of Interest Has Been Discontinued
Loans for which the accrual of interest has been discontinued at December 31, 2016 and 2015 were:
(Dollars in thousands)
December 31, 2016
 
December 31, 2015
Commercial and industrial
$
33

 
$
20

Commercial real estate
4,048

 
4,016

Residential real estate
1,752

 
1,138

Consumer and other

 
138

Total
$
5,833

 
$
5,312

 
 
Credit Risk Profile By Creditworthiness
The following tables illustrate the Company’s corporate credit risk profile by creditworthiness category as of December 31, 2016 and 2015
(Dollars in thousands)
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Total
December 31, 2016
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
40,247

 
$

 
$
33

 
$

 
$
40,280

Construction
25,360

 

 

 

 
$
25,360

Commercial real estate
463,889

 
7,461

 
7,877

 

 
$
479,227

Residential real estate
147,526

 
584

 
2,127

 

 
$
150,237

Consumer and other
1,038

 

 

 

 
$
1,038

 
$
678,060

 
$
8,045

 
$
10,037

 
$

 
$
696,142

December 31, 2015
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
19,983

 
$
5

 
$
35

 
$

 
$
20,023

Construction
13,348

 

 

 

 
$
13,348

Commercial real estate
367,305

 
8,957

 
6,000

 

 
$
382,262

Residential real estate
124,915

 
743

 
1,546

 

 
$
127,204

Consumer and other
1,115

 

 
138

 

 
$
1,253

 
$
526,666

 
$
9,705

 
$
7,719

 
$

 
$
544,090

 
 
Impaired Financing Receivables
The following table reflects information regarding the Company’s impaired loans as of December 31, 2016 and 2015 and for the years then ended:
(Dollars in thousands)
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
December 31, 2016
 
 
 
 
 
 
 
 
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
19

 
$
19

 
$

 
$
19

 
$

Commercial real estate
2,324

 
2,324

 

 
2,244

 
16

Residential real estate
1,604

 
1,629

 

 
1,271

 
9

With an allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial and industrial
14

 
14

 
14

 
3

 

Commercial real estate
2,273

 
2,364

 
135

 
2,492

 
32

Residential real estate
363

 
363

 
6

 
298

 

Consumer and other

 

 

 
55

 

Total:
 
 
 
 
 
 
 
 
 
Commercial and industrial
33

 
33

 
14

 
22

 

Commercial real estate
4,597

 
4,688

 
135

 
4,736

 
48

Residential real estate
1,967

 
1,992

 
6

 
1,569

 
9

Consumer and other

 

 

 
55

 

 
$
6,597

 
$
6,713

 
$
155

 
$
6,382

 
$
57

(Dollars in thousands)
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
December 31, 2015
 
 
 
 
 
 
 
 
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
20

 
$
20

 
$

 
$
16

 
$

Commercial real estate
2,684

 
2,684

 

 
2,488

 
32

Residential real estate
1,123

 
1,152

 

 
1,239

 
6

With an allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial and industrial

 

 

 
19

 

Commercial real estate
2,476

 
2,476

 
112

 
2,706

 
33

Residential real estate
423

 
423

 
79

 
687

 
11

Consumer and other
138

 
138

 
73

 

 

Total:
 
 
 
 
 
 
 
 
 
Commercial and industrial
20

 
20

 

 
35

 

Commercial real estate
5,160

 
5,160

 
112

 
5,194

 
65

Residential real estate
1,546

 
1,575

 
79

 
1,926

 
17

Consumer and other
138

 
138

 
73

 

 

 
$
6,864

 
$
6,893

 
$
264

 
$
7,155

 
$
82

 
 
Troubled Debt Restructured On Recorded Investment
The following table presents the recorded investment in troubled debt restructured loans as of December 31, 2016 and 2015 based on payment performance status:
(Dollars in thousands)
Commercial Real Estate
 
Residential Real Estate
 
Total
December 31, 2016
 
 
 
 
 
Performing
$
550

 
$
129

 
$
679

Non-performing
2,258

 

 
2,258

Total
$
2,808

 
$
129

 
$
2,937

December 31, 2015
 
 
 
 
 
Performing
$
1,144

 
$
409

 
$
1,553

Non-performing
1,831

 
194

 
2,025

Total
$
2,975

 
$
603

 
$
3,578