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Credit Quality and Nonperforming Assets (Tables)

3 Months Ended

Mar. 31, 2019

Credit Quality And Nonperforming Assets [Abstract]

Credit Quality Classifications for Loan Balances

Credit quality classifications for the Company’s loan balances were as follows, as of the dates indicated:

Credit Quality Classifications

(dollars in thousands, unaudited)

	March 31, 2019
	Pass		Special Mention		Substandard		Impaired		Total
Real estate:
1-4 family residential construction	$	106,334	$	—	$	—	$	—	$	106,334
Other construction/land		108,162		193		—		475		108,830
1-4 family - closed end		226,307		1,781		934		3,618		232,640
Equity lines		44,613		2,038		308		4,684		51,643
Multi-family residential		54,708		—		—		367		55,075
Commercial real estate - owner occupied		311,531		5,392		2,985		1,208		321,116
Commercial real estate - non-owner occupied		433,866		3,565		4,316		1,355		443,102
Farmland		152,254		1,072		143		1,641		155,110
Total real estate		1,437,775		14,041		8,686		13,348		1,473,850

Agricultural		51,905		175		—		6		52,086
Commercial and industrial		109,255		14,988		337		1,099		125,679
Mortgage warehouse		91,118		—		—		—		91,118
Consumer loans		7,289		154		24		789		8,256
Total gross loans and leases	$	1,697,342	$	29,358	$	9,047	$	15,242	$	1,750,989

	December 31, 2018
	Pass		Special Mention		Substandard		Impaired		Total
Real estate:
1-4 family residential construction	$	105,676	$	—	$	—	$	—	$	105,676
Other construction/land		108,304		231		—		488		109,023
1-4 family - closed end		230,022		1,861		1,310		3,632		236,825
Equity lines		49,346		2,194		64		4,716		56,320
Multi-family residential		54,504		—		—		373		54,877
Commercial real estate - owner occupied		292,886		4,192		3,021		1,225		301,324
Commercial real estate - non-owner occupied		429,835		2,730		4,354		1,425		438,344
Farmland		148,680		1,073		146		1,642		151,541
Total real estate		1,419,253		12,281		8,895		13,501		1,453,930

Agricultural		48,517		580		—		6		49,103
Commercial and industrial		110,413		15,686		377		1,744		128,220
Mortgage warehouse		91,813		—		—		—		91,813
Consumer loans		7,851		151		39		821		8,862
Total gross loans and leases	$	1,677,847	$	28,698	$	9,311	$	16,072	$	1,731,928

Aging of Loan Balances by Number of Days Past Due

Loan Portfolio Aging

(dollars in thousands, unaudited)

	March 31, 2019
	30-59 Days Past Due		60-89 Days Past Due		90 Days Or More Past Due⁽¹⁾		Total Past Due		Current		Total Financing Receivables		Non-Accrual Loans⁽²⁾
Real estate:
1-4 family residential construction	$	1,650	$	—	$	—	$	1,650	$	104,684	$	106,334	$	—
Other construction/land		—		—		28		28		108,802		108,830		75
1-4 family - closed end		761		—		730		1,491		231,149		232,640		822
Equity lines		67		268		56		391		51,252		51,643		488
Multi-family residential		—		—		—		—		55,075		55,075		—
Commercial real estate - owner occupied		1,340		—		100		1,440		319,676		321,116		594
Commercial real estate - non-owner occupied		314		—		—		314		442,788		443,102		—
Farmland		—		—		1,615		1,615		153,495		155,110		1,642
Total real estate		4,132		268		2,529		6,929		1,466,921		1,473,850		3,621

Agricultural		—		—		—		—		52,086		52,086		—
Commercial and industrial		26		—		356		382		125,297		125,679		811
Mortgage warehouse lines		—		—		—		—		91,118		91,118		—
Consumer		98		17		62		177		8,079		8,256		136
Total gross loans and leases	$	4,256	$	285	$	2,947	$	7,488	$	1,743,501	$	1,750,989	$	4,568

⁽¹⁾	As of March 31, 2018 there were no loans over 90 days past due and still accruing.

⁽²⁾	Included in total financing receivables

	December 31, 2018
	30-59 Days Past Due		60-89 Days Past Due		90 Days Or More Past Due⁽¹⁾		Total Past Due		Current		Total Financing Receivables		Non-Accrual Loans⁽²⁾
Real estate:
1-4 family residential construction	$	—	$	—	$	—	$	—	$	105,676	$	105,676	$	—
Other construction/land		210		—		27		237		108,786		109,023		82
1-4 family - closed end		319		—		775		1,094		235,731		236,825		799
Equity lines		1,471		—		57		1,528		54,792		56,320		408
Multi-family residential		—		—		—		—		54,877		54,877		—
Commercial real estate - owner occupied		183		—		102		285		301,039		301,324		605
Commercial real estate - non-owner occupied		49		—		—		49		438,295		438,344		49
Farmland		1,555		—		—		1,555		149,986		151,541		1,642
Total real estate		3,787		—		961		4,748		1,449,182		1,453,930		3,585

Agricultural		—		—		—		—		49,103		49,103		—
Commercial and industrial		1,567		83		886		2,536		125,684		128,220		1,425
Mortgage warehouse lines		—		—		—		—		91,813		91,813		—
Consumer		95		45		56		196		8,666		8,862		146
Total gross loans and leases	$	5,449	$	128	$	1,903	$	7,480	$	1,724,448	$	1,731,928	$	5,156

⁽¹⁾	As of December 31, 2018 there were no loans over 90 days past due and still accruing.

⁽²⁾	Included in total financing receivables

Troubled Debt Restructurings, by Type of Loan Modification

(dollars in thousands, unaudited)

	Three months ended March 31, 2019
	Rate Modification		Term Modification		Interest Only Modification		Rate & Term Modification		Total

Real estate:
Other construction/land	$	—	$	—	$	—	$	—	$	—
1-4 family - closed-end		—		—		—		—		—
Equity lines		—		100		—		—		100
Multi-family residential		—		—		—		—		—
Commercial real estate - owner occupied		—		—		—		—		—
Farmland		—		—		—		—		—
Total real estate loans		—		100		—		—		100
Agricultural		—		—		—		—		—
Commercial and industrial		94		—		—		—		94
Consumer loans		—		9		—		—		9
Total	$	94	$	109	$	—	$	—	$	203

	Three months ended March 31, 2018
	Rate Modification		Term Modification		Interest Only Modification		Rate & Term Modification		Total

Real estate:
Other construction/land	$	—	$	—	$	—	$	—	$	—
1-4 family - closed-end		—		—		—		—		—
Equity lines		—		68		—		—		68
Multi-family residential		—		—		—		—		—
Commercial real estate - owner occupied		—		—		—		—		—
Farmland		—		—		—		—		—
Total real estate loans		—		68		—		—		68
Agricultural				—		—		—		—
Commercial and industrial		—		—		—		—		—
Consumer loans		—		—		—		—		—
Total	$	—	$	68	$	—	$	—	$	68

The following tables present, by class, additional details related to loans classified as TDRs during the referenced periods, including the recorded investment in the loan both before and after modification and balances that were modified during the period:

Troubled Debt Restructurings

(dollars in thousands, unaudited)

	Three months ended March 31, 2019

		Pre- Modification		Post- Modification
	Number of Loans	Outstanding Recorded Investment		Outstanding Recorded Investment		Reserve Difference⁽¹⁾			Reserve
Real estate:
Other construction/land	0	$	—	$	—	$	—		$	—
1-4 family - closed-end	0		—		—		—			—
Equity lines	1		100		100		—			—
Multi-family residential	0		—		—		—			—
Commercial real estate - owner occupied	0		—		—		—			—
Farmland	0		—		—		—			—
Total real estate loans			100		100		—			—

Agricultural	0		—		—		—			—
Commercial and industrial	2		94		94		(20	)		1
Consumer loans	1		9		9		(2	)		—
Total		$	203	$	203	$	(22	)	$	1

⁽¹⁾	This represents the change in the ALLL reserve for these credits measured as the difference between the specific post-modification impairment reserve and the pre-modification reserve calculated under our general allowance for loan loss methodology.

	Three months ended March 31, 2018

		Pre- Modification		Post- Modification
	Number of Loans	Outstanding Recorded Investment		Outstanding Recorded Investment		Reserve Difference⁽¹⁾		Reserve
Real estate:
Other construction/land	0	$	—	$	—	$	—	$	—
1-4 family - closed-end	0		—		—		—		—
Equity lines	1		68		68		—		2
Multi-family residential	0		—		—		—		—
Commercial real estate - owner occupied	0		—		—		—		—
Farmland	0		—		—		—		—
Total real estate loans			68		68		—		2

Agricultural	0		—		—		—		—
Commercial and industrial	0		—		—		—		—
Consumer loans	0		—		—		—		—
Total		$	68	$	68	$	—	$	2

⁽¹⁾	This represents the change in the ALLL reserve for these credits measured as the difference between the specific post-modification impairment reserve and the pre-modification reserve calculated under our general allowance for loan loss methodology.

Schedule of Debtor Troubled Debt Restructuring, Subsequent Periods

The carrying amount and unpaid principal balance of those PCI loans was as follows, as of the dates indicated:

Purchased Credit Impaired Loans:

(dollars in thousands, unaudited)

	March 31, 2019
	Unpaid Principal Balance		Carrying Value
Real estate secured	$	100		—
Total purchased credit impaired loans	$	100	$	—

	December 31, 2018
	Unpaid Principal Balance		Carrying Value
Real estate secured	$	103	$	—
Total purchased credit impaired loans	$	103	$	—