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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)
 3 Months Ended
Mar. 31, 2018
Receivables [Abstract]  
Summary of Loan Portfolio by Type of Loan
The following table summarizes the Company’s loan portfolio by type of loan as of:
 
March 31, 2018
 
December 31, 2017
Commercial and industrial
$
206,308

 
$
197,508

Real estate:
 
 
 
Construction and development
193,909

 
196,774

Commercial real estate
450,076

 
418,137

Farmland
63,971

 
59,023

1-4 family residential
377,278

 
374,371

Multi-family residential
37,992

 
36,574

Consumer
48,982

 
51,267

Agricultural
22,545

 
25,596

Overdrafts
273

 
294

Total loans
1,401,334

 
1,359,544

Net of:
 
 
 
Deferred loan fees
954

 
1,094

Allowance for loan losses
(13,375
)
 
(12,859
)
Total net loans
$
1,388,913

 
$
1,347,779
Schedule of Allowance for Loan Losses Activity
The following tables present the activity in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method for the three months ended March 31, 2018, for the year ended December 31, 2017 and for the three months ended March 31, 2017:
For the Three Months Ended March 31, 2018
Commercial
and
industrial
 
Construction
and
development
 
Commercial
real
estate
 
Farmland
 
1-4 family
residential
 
Multi-family
residential
 
Consumer
 
Agricultural
 
Overdrafts
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
1,581

 
$
1,724

 
$
4,585

 
$
523

 
$
3,022

 
$
629

 
$
602

 
$
187

 
$
6

 
$
12,859

Provision for loan losses
164

 
(24
)
 
439

 
83

 
(147
)
 
18

 
—

 
46

 
21

 
600

Loans charged-off
(10
)
 
—

 
(33
)
 
—

 
(13
)
 
—

 
(28
)
 
—

 
(32
)
 
(116
)
Recoveries
2

 
—

 
—

 
—

 
5

 
—

 
11

 
—

 
14

 
32

Ending balance
$
1,737

 
$
1,700

 
$
4,991

 
$
606

 
$
2,867

 
$
647

 
$
585

 
$
233

 
$
9

 
$
13,375

Allowance ending balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
12

 
$
—

 
$
69

 
$
80

 
$
3

 
$
—

 
$
—

 
$
11

 
$
—

 
$
175

Collectively evaluated for impairment
1,725

 
1,700

 
4,922

 
526

 
2,864

 
647

 
585

 
222

 
9

 
13,200

Ending balance
$
1,737

 
$
1,700

 
$
4,991

 
$
606

 
$
2,867

 
$
647

 
$
585

 
$
233

 
$
9

 
$
13,375

Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
816

 
$
—

 
$
4,918

 
$
230

 
$
800

 
$
212

 
$
—

 
$
653

 
$
—

 
$
7,629

Collectively evaluated for impairment
205,492

 
193,909

 
445,158

 
63,741

 
376,478

 
37,780

 
48,982

 
21,892

 
273

 
1,393,705

Ending balance
$
206,308

 
$
193,909

 
$
450,076

 
$
63,971

 
$
377,278

 
$
37,992

 
$
48,982

 
$
22,545

 
$
273

 
$
1,401,334

For the year ended December 31, 2017
Commercial
and
industrial
 
Construction
and
development
 
Commercial
real
estate
 
Farmland
 
1-4 family
residential
 
Multi-family
residential
 
Consumer
 
Agricultural
 
Overdrafts
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
1,592

 
$
1,161

 
$
3,264

 
$
482

 
$
3,960

 
$
281

 
$
585

 
$
153

 
$
6

 
$
11,484

Provision for loan losses
272

 
563

 
1,405

 
41

 
(418
)
 
348

 
253

 
276

 
110

 
2,850

Loans charged-off
(1,080
)
 
—

 
(84
)
 
—

 
(543
)
 
—

 
(344
)
 
(242
)
 
(165
)
 
(2,458
)
Recoveries
797

 
—

 
—

 
—

 
23

 
—

 
108

 
—

 
55

 
983

Ending balance
$
1,581

 
$
1,724

 
$
4,585

 
$
523

 
$
3,022

 
$
629

 
$
602

 
$
187

 
$
6

 
$
12,859

Allowance ending balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
17

 
$
—

 
$
27

 
$
85

 
$
5

 
$
—

 
$
—

 
$
—

 
$
—

 
$
134

Collectively evaluated for impairment
1,564

 
1,724

 
4,558

 
438

 
3,017

 
629

 
602

 
187

 
6

 
12,725

Ending balance
$
1,581

 
$
1,724

 
$
4,585

 
$
523

 
$
3,022

 
$
629

 
$
602

 
$
187

 
$
6

 
$
12,859

Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
463

 
$
—

 
$
4,258

 
$
163

 
$
842

 
$
217

 
$
—

 
$
397

 
$
—

 
$
6,340

Collectively evaluated for impairment
197,045

 
196,774

 
413,879

 
58,860

 
373,529

 
36,357

 
51,267

 
25,199

 
294

 
1,353,204

Ending balance
$
197,508

 
$
196,774

 
$
418,137

 
$
59,023

 
$
374,371

 
$
36,574

 
$
51,267

 
$
25,596

 
$
294

 
$
1,359,544


For the Three Months Ended March 31, 2017
Commercial
and
industrial
 
Construction
and
development
 
Commercial
real
estate
 
Farmland
 
1-4 family
residential
 
Multi-family
residential
 
Consumer
 
Agricultural
 
Overdrafts
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
1,592

 
$
1,161

 
$
3,264

 
$
482

 
$
3,960

 
$
281

 
$
585

 
$
153

 
$
6

 
$
11,484

Provision for loan losses
177

 
188

 
123

 
(10
)
 
(72
)
 
(53
)
 
280

 
2

 
15

 
650

Loans charged-off
(6
)
 
—

 
—

 
—

 
(118
)
 
—

 
(89
)
 
—

 
(35
)
 
(248
)
Recoveries
—

 
—

 
—

 
—

 
—

 
—

 
22

 
—

 
20

 
42

Ending balance
$
1,763

 
$
1,349

 
$
3,387

 
$
472

 
$
3,770

 
$
228

 
$
798

 
$
155

 
$
6

 
$
11,928

Allowance ending balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
129

 
$
—

 
$
31

 
$
41

 
$
40

 
$
—

 
$
—

 
$
—

 
$
—

 
$
241

Collectively evaluated for impairment
1,634

 
1,349

 
3,356

 
431

 
3,730

 
228

 
798

 
155

 
6

 
11,687

Ending balance
$
1,763

 
$
1,349

 
$
3,387

 
$
472

 
$
3,770

 
$
228

 
$
798

 
$
155

 
$
6

 
$
11,928

Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
919

 
$
—

 
$
6,411

 
$
170

 
$
1,769

 
$
247

 
$
34

 
$
612

 
$
—

 
$
10,162

Collectively evaluated for impairment
204,432

 
153,227

 
366,841

 
61,963

 
357,796

 
23,696

 
52,721

 
20,861

 
390

 
1,241,927

Ending balance
$
205,351

 
$
153,227

 
$
373,252

 
$
62,133

 
$
359,565

 
$
23,943

 
$
52,755

 
$
21,473

 
$
390

 
$
1,252,089
Summary of Credit Exposure by Internally Assigned Grade
The following tables summarize the credit exposure in the Company’s consumer and commercial loan portfolios as of:
March 31, 2018
Commercial
and
industrial
 
Construction
and
development
 
Commercial
real
estate
 
Farmland
 
1-4 family
residential
 
Multi-family
residential
 
Consumer and Overdrafts
 
Agricultural
 
Total
Grade:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pass
$
205,523

 
$
193,656

 
$
444,089

 
$
63,586

 
$
375,926

 
$
17,520

 
$
49,044

 
$
21,628

 
$
1,370,972

Special mention
405

 
253

 
890

 
54

 
791

 
20,260

 
137

 
266

 
23,056

Substandard
380

 
—

 
5,097

 
331

 
561

 
212

 
74

 
651

 
7,306

Total
$
206,308

 
$
193,909

 
$
450,076

 
$
63,971

 
$
377,278

 
$
37,992

 
$
49,255

 
$
22,545

 
$
1,401,334

December 31, 2017
Commercial
and
industrial
 
Construction
and
development
 
Commercial
real
estate
 
Farmland
 
1-4 family
residential
 
Multi-family
residential
 
Consumer and Overdrafts
 
Agricultural
 
Total
Grade:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pass
$
196,890

 
$
196,515

 
$
412,488

 
$
58,623

 
$
373,154

 
$
16,073

 
$
51,409

 
$
24,650

 
$
1,329,802

Special mention
348

 
259

 
1,135

 
226

 
442

 
20,284

 
65

 
454

 
23,213

Substandard
270

 
—

 
4,514

 
174

 
775

 
217

 
87

 
492

 
6,529

Total
$
197,508

 
$
196,774

 
$
418,137

 
$
59,023

 
$
374,371

 
$
36,574

 
$
51,561

 
$
25,596

 
$
1,359,544
Summary of Payment Status of Loans
The following tables summarize the payment status of loans in the Company’s total loan portfolio, including an aging of delinquent loans, loans 90 days or more past due continuing to accrue interest and loans classified as nonperforming as of:
March 31, 2018
30 to 59 Days Past Due
 
60 to 89 Days Past Due
 
90 Days and Greater Past Due
 
Total Past Due
 
Current
 
Total
Loans
 
Recorded Investment > 90 Days and Accruing
Commercial and industrial
$
1,176

 
$
80

 
$
103

 
$
1,359

 
$
204,949

 
$
206,308

 
$
—

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
   Construction and development
245

 
—

 
—

 
245

 
193,664

 
193,909

 
—

   Commercial real estate
1,770

 
253

 
1,121

 
3,144

 
446,932

 
450,076

 
—

   Farmland
113

 
—

 
6

 
119

 
63,852

 
63,971

 
—

   1-4 family residential
2,760

 
791

 
561

 
4,112

 
373,166

 
377,278

 
—

   Multi-family residential
—

 
—

 
212

 
212

 
37,780

 
37,992

 
—

Consumer
384

 
137

 
74

 
595

 
48,387

 
48,982

 
—

Agricultural
90

 
—

 
92

 
182

 
22,363

 
22,545

 
—

Overdrafts
—

 
—

 
—

 
—

 
273

 
273

 
—

Total
$
6,538

 
$
1,261

 
$
2,169

 
$
9,968

 
$
1,391,366

 
$
1,401,334

 
$
—


December 31, 2017
30 to 59 Days Past Due
 
60 to 89 Days Past Due
 
90 Days and Greater Past Due
 
Total Past Due
 
Current
 
Total
Loans
 
Recorded Investment > 90 Days and Accruing
Commercial and industrial
$
1,273

 
$
93

 
$
17

 
$
1,383

 
$
196,125

 
$
197,508

 
$
—

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
   Construction and development
117

 
—

 
—

 
117

 
196,657

 
196,774

 
—

   Commercial real estate
192

 
265

 
1,067

 
1,524

 
416,613

 
418,137

 
—

   Farmland
139

 
—

 
6

 
145

 
58,878

 
59,023

 
—

   1-4 family residential
3,998

 
416

 
800

 
5,214

 
369,157

 
374,371

 
—

   Multi-family residential
—

 
—

 
217

 
217

 
36,357

 
36,574

 
—

Consumer
381

 
69

 
87

 
537

 
50,730

 
51,267

 
—

Agricultural
204

 
2

 
—

 
206

 
25,390

 
25,596

 
—

Overdrafts
—

 
—

 
—

 
—

 
294

 
294

 
—

Total
$
6,304

 
$
845

 
$
2,194

 
$
9,343

 
$
1,350,201

 
$
1,359,544

 
$
—
Schedule of Nonaccrual Loans
The following table presents information regarding nonaccrual loans as of:
 
March 31, 2018
 
December 31, 2017
Commercial and industrial
$
138

 
$
77

Real estate:
 
 
 
   Commercial real estate
1,623

 
1,422

   Farmland
258

 
163

   1-4 family residential
2,063

 
1,937

   Multi-family residential
212

 
217

Consumer
196

 
138

Agricultural
247

 
50

Total
$
4,737

 
$
4,004
Summary of Troubled Debt Restructuring
The outstanding balances of TDRs are shown below:
 
March 31, 2018
 
December 31, 2017
Nonaccrual TDRs
$
—

 
$
—

Performing TDRs
746

 
657

Total
$
746

 
$
657

Specific reserves on TDRs
$
12

 
$
17

The following tables present loans by class modified as TDRs that occurred during the three months ended March 31, 2018 and 2017:
Three Months Ended March 31, 2018
Number
of
Contracts
 
Pre-Modification
Outstanding
Recorded
Investment
 
Post-Modification
Outstanding
Recorded
Investment
Troubled Debt Restructurings:
 
 
 
 
 
1-4 family residential
1
 
15

 
15

Farmland
1
 
78

 
78

Total
2
 
$
93

 
$
93


Three Months Ended March 31, 2017
Number
of
Contracts
 
Pre-Modification
Outstanding
Recorded
Investment
 
Post-Modification
Outstanding
Recorded
Investment
Troubled Debt Restructurings:
 
 
 
 
 
Commercial and industrial
1

 
$
34

 
$
34

1-4 family residential
1
 
11

 
11

Total
2
 
$
45

 
$
45
Summary of Impaired Loans
The following table presents information about the Company’s impaired loans as of:
March 31, 2018
Unpaid
Principal
Balance
 
Recorded
Investment
 
Related
Allowance
 
Average
Recorded
Investment
With no related allowance recorded:
 
 
 
 
 
 
 
Commercial and industrial
$
791

 
$
791

 
$
—

 
$
144

Real estate:
 
 
 
 
 
 
 
Commercial real estate
4,270

 
4,270

 
—

 
1,065

Farmland
79

 
79

 
—

 
13

1-4 family residential
687

 
687

 
—

 
170

Multi-family residential
212

 
212

 
—

 
53

Agricultural
496

 
496

 
—

 
114

Subtotal
6,535

 
6,535

 
—

 
1,559

With allowance recorded:
 
 
 
 
 
 
 
Commercial and industrial
25

 
25

 
12

 
6

Real estate:
 
 
 
 
 
 
 
Commercial real estate
648

 
648

 
69

 
100

Farmland
151

 
151

 
80

 
38

1-4 family residential
113

 
113

 
3

 
9

Agricultural
157

 
157

 
11

 
26

Subtotal
1,094

 
1,094

 
175

 
179

Total
$
7,629

 
$
7,629

 
$
175

 
$
1,738

The following table presents information about the Company’s impaired loans as of:
December 31, 2017
Unpaid
Principal
Balance
 
Recorded
Investment
 
Related
Allowance
 
Average
Recorded
Investment
With no related allowance recorded:
 
 
 
 
 
 
 
Commercial and industrial
$
437

 
$
437

 
$
—

 
$
434

Real estate:
 
 
 
 
 
 
 
Construction and development
—

 
—

 
—

 
311

Commercial real estate
3,979

 
3,979

 
—

 
4,230

Farmland
6

 
6

 
—

 
90

1-4 family residential
681

 
681

 
—

 
1,096

Multi-family residential
217

 
217

 
—

 
180

Consumer
—

 
—

 
—

 
61

Agricultural
397

 
397

 
—

 
384

Subtotal
5,717

 
5,717

 
—

 
6,786

With allowance recorded:
 
 
 
 
 
 
 
Commercial and industrial
26

 
26

 
17

 
315

Real estate:
 
 
 
 
 
 
 
Construction and development
—

 
—

 
—

 
7

Commercial real estate
279

 
279

 
27

 
505

Farmland
157

 
157

 
85

 
131

1-4 family residential
161

 
161

 
5

 
754

Multi-family residential
—

 
—

 
—

 
19

Consumer
—

 
—

 
—

 
42

Agricultural
—

 
—

 
—

 
180

Subtotal
623

 
623

 
134

 
1,953

Total
$
6,340

 
$
6,340

 
$
134

 
$
8,739