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Loans (Tables)
 6 Months Ended
Jun. 30, 2016
Receivables [Abstract]  
Loans
Loans are comprised of the following:
(in 000's)
June 30, 2016

 
December 31, 2015

Commercial and Business Loans
$
57,505

 
$
54,503

Government Program Loans
1,977

 
1,323

Total Commercial and Industrial
59,482

 
55,826

Real Estate – Mortgage:
 

 
 

Commercial Real Estate
181,494

 
182,554

Residential Mortgages
101,300

 
68,811

Home Improvement and Home Equity loans
760

 
867

Total Real Estate Mortgage
283,554

 
252,232

Real Estate Construction and Development
138,174

 
130,596

Agricultural
46,763

 
52,137

Installment
29,236

 
24,527

Total Loans
$
557,209

 
$
515,318
Delinquent loans
The Company monitors delinquency and potential problem loans on an ongoing basis through weekly reports to the Loan Committee and monthly reports to the Board of Directors. The following is a summary of delinquent loans at June 30, 2016 (in 000's):
June 30, 2016
Loans
30-60 Days Past Due
 
Loans
61-89 Days Past Due
 
Loans
90 or More
Days Past Due
 
Total Past Due Loans
 
Current Loans
 
Total Loans
 
Accruing
Loans 90 or
More Days Past Due
Commercial and Business Loans
$
—

 
$
—

 
$
—

 
$
—

 
$
57,505

 
$
57,505

 
$
—

Government Program Loans
—

 
—

 
—

 
—

 
1,977

 
1,977

 
—

Total Commercial and Industrial
—

 
—

 
—

 
—

 
59,482

 
59,482

 
—

Commercial Real Estate Loans
—

 
—

 
—

 
—

 
181,494

 
181,494

 
—

Residential Mortgages
—

 
—

 
451

 
451

 
100,849

 
101,300

 
—

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
760

 
760


—

Total Real Estate Mortgage
—

 
—

 
451

 
451

 
283,103

 
283,554

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real Estate Construction and Development Loans
460

 
—

 
—

 
460

 
137,714

 
138,174

 
—

Agricultural Loans
—

 
—

 
—

 
—

 
46,763

 
46,763

 
—

Consumer Loans
—

 
—

 
—

 
—

 
28,955

 
28,955

 
—

Overdraft Protection Lines
—

 
—

 
—

 
—

 
55

 
55

 
—

Overdrafts
—

 
—

 
—

 
—

 
226

 
226

 
—

Total Installment
—

 
—

 
—

 
—

 
29,236

 
29,236

 
—

Total Loans
$
460

 
$
—

 
$
451

 
$
911

 
$
556,298

 
$
557,209

 
$
—


The following is a summary of delinquent loans at December 31, 2015 (in 000's):
December 31, 2015
Loans
30-60 Days Past Due
 
Loans
61-89 Days Past Due
 
Loans
90 or More
Days Past Due
 
Total Past Due Loans
 
Current Loans
 
Total Loans
 
Accruing
Loans 90 or
More Days Past Due
Commercial and Business Loans
$
—

 
$
—

 
$
—

 
$
—

 
$
54,503

 
$
54,503

 
$
—

Government Program Loans
13

 
—

 
—

 
13

 
1,310

 
1,323

 
—

Total Commercial and Industrial
13

 
—

 
—

 
13

 
55,813

 
55,826

 
—

Commercial Real Estate Loans
721

 
—

 
—

 
721

 
181,833

 
182,554

 
—

Residential Mortgages
62

 
392

 
—

 
454

 
68,357

 
68,811

 
—

Home Improvement and Home Equity Loans
—

 
39

 
—

 
39

 
828

 
867

 
—

Total Real Estate Mortgage
783

 
431

 
—

 
1,214

 
251,018

 
252,232

 
—

Real Estate Construction and Development Loans
—

 
706

 
—

 
706

 
129,890

 
130,596

 
—

Agricultural Loans
—

 
—

 
—

 
—

 
52,137

 
52,137

 
—

Consumer Loans
—

 
650

 
—

 
650

 
23,657

 
24,307

 
—

Overdraft Protection Lines
—

 
—

 
—

 
—

 
61

 
61

 
—

Overdrafts
—

 
—

 
—

 
—

 
159

 
159

 
—

Total Installment
—

 
650

 
—

 
650

 
23,877

 
24,527

 
—

Total Loans
$
796

 
$
1,787

 
$
—

 
$
2,583

 
$
512,735

 
$
515,318

 
$
—
Nonaccrual loan balances
The following is a summary of nonaccrual loan balances at June 30, 2016 and December 31, 2015 (in 000's).
 
June 30, 2016
 
December 31, 2015
Commercial and Business Loans
$
227

 
$
—

Government Program Loans
—

 
328

Total Commercial and Industrial
227

 
328

 
 
 
 
Commercial Real Estate Loans
1,178

 
1,243

Residential Mortgages
451

 
392

Home Improvement and Home Equity Loans
—

 
—

Total Real Estate Mortgage
1,629

 
1,635

 
 
 
 
Real Estate Construction and Development Loans
4,741

 
5,580

 Agricultural Loans
—

 
—

 
 
 
 
Consumer Loans
965

 
650

Overdraft Protection Lines
—

 
—

Overdrafts
—

 
—

Total Installment
965

 
650

Total Loans
$
7,562

 
$
8,193
Impaired loans
The following is a summary of impaired loans at June 30, 2016 (in 000's).
June 30, 2016
Unpaid
Contractual
Principal Balance
 
Recorded
Investment
With No Allowance (1)
 
Recorded
Investment
With Allowance (1)
 
Total
Recorded Investment
 
Related Allowance
 
Average
Recorded Investment (2)
 
Interest Recognized (2)
Commercial and Business Loans
$
5,080

 
$
630

 
$
4,471

 
$
5,101

 
$
517

 
$
5,155

 
$
138

Government Program Loans
364

 
365

 
—

 
365

 
—

 
367

 
16

Total Commercial and Industrial
5,444

 
995

 
4,471

 
5,466

 
517

 
5,522

 
154

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate Loans
1,510

 
—

 
1,511

 
1,511

 
493

 
1,438

 
47

Residential Mortgages
2,953

 
599

 
2,362

 
2,961

 
193

 
3,398

 
66

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
—

 
—

 
—

Total Real Estate Mortgage
4,463

 
599

 
3,873

 
4,472

 
686

 
4,836

 
113

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real Estate Construction and Development Loans
12,100

 
12,131

 
—

 
12,131

 
596

 
12,103

 
374

Agricultural Loans
6

 
6

 
—

 
6

 
—

 
11

 
4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer Loans
965

 
—

 
965

 
965

 
—

 
864

 
35

Overdraft Protection Lines
—

 
—

 
—

 
—

 
—

 
—

 
—

Overdrafts
—

 
—

 
—

 
—

 
—

 
—

 
—

Total Installment
965

 
—

 
965

 
965

 
—

 
864

 
35

Total Impaired Loans
$
22,978

 
$
13,731

 
$
9,309

 
$
23,040

 
$
1,799

 
$
23,336

 
$
680


(1) The recorded investment in loans includes accrued interest receivable of $62,000.
(2) Information is based on the six month period ended June 30, 2016.    

The following is a summary of impaired loans at December 31, 2015 (in 000's).

December 31, 2015
Unpaid
Contractual
Principal Balance
 
Recorded
Investment
With No Allowance (1)
 
Recorded
Investment
With Allowance (1)
 
Total
Recorded Investment
 
Related Allowance
 
Average
Recorded Investment (2)
 
Interest Recognized (2)
Commercial and Business Loans
$
4,855

 
$
541

 
$
4,333

 
$
4,874

 
$
530

 
$
2,537

 
$
302

Government Program Loans
327

 
327

 
—

 
327

 
—

 
358

 
29

Total Commercial and Industrial
5,182

 
868

 
4,333

 
5,201

 
530

 
2,895

 
331

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate Loans
1,243

 
—

 
1,243

 
1,243

 
477

 
1,618

 
74

Residential Mortgages
4,032

 
1,051

 
2,999

 
4,050

 
158

 
4,092

 
185

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
—

 
11

 
—

Total Real Estate Mortgage
5,275

 
1,051

 
4,242

 
5,293

 
635

 
5,721

 
259

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real Estate Construction and Development Loans
12,489

 
5,340

 
7,179

 
12,519

 
1,282

 
7,781

 
820

Agricultural Loans
16

 
16

 
—

 
16

 
—

 
22

 
9

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer Loans
650

 
—

 
650

 
650

 
650

 
1,043

 
21

Overdraft Protection Lines
—

 
—

 
—

 
—

 
—

 
—

 
—

Overdrafts
—

 
—

 
—

 
—

 
—

 
—

 
—

Total Installment
650

 
—

 
650

 
650

 
650

 
1,043

 
21

Total Impaired Loans
$
23,612

 
$
7,275

 
$
16,404

 
$
23,679

 
$
3,097

 
$
17,462

 
$
1,440



(1) The recorded investment in loans includes accrued interest receivable of $67,000.
(2) Information is based on the twelve month period ended December 31, 2015.
Troubled debt restructuring activity
The following tables illustrates TDR activity for the periods indicated:

 
Three Months Ended June 30, 2016
($ in 000's)
Number of
Contracts
 
Pre-
Modification
Outstanding
Recorded
Investment
 
Post-
Modification
Outstanding
Recorded
Investment
 
Number of Contracts which Defaulted During Period
 
Recorded Investment on Defaulted TDRs
Troubled Debt Restructurings
 
 
 
 
 
 
 
 
 
Commercial and Business Loans
1

 
$
395

 
$
227

 
—

 
$
—

Government Program Loans
—

 
—

 
—

 
—

 
—

Commercial Real Estate Term Loans
—

 
—

 
—

 
—

 
—

Single Family Residential Loans
—

 
—

 
—

 
—

 
—

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
—

Real Estate Construction and Development Loans
—

 
—

 
—

 
—

 
—

Agricultural Loans
—

 
—

 
—

 
—

 
—

Consumer Loans
—

 
—

 
—

 
—

 
—

Overdraft Protection Lines
—

 
—

 
—

 
—

 
—

Total Loans
1

 
$
395

 
$
227

 
—

 
$
—






 
Six Months Ended June 30, 2016
($ in 000's)
Number of
Contracts
 
Pre-
Modification
Outstanding
Recorded
Investment
 
Post-
Modification
Outstanding
Recorded
Investment
 
Number of Contracts which Defaulted During Period
 
Recorded Investment on Defaulted TDRs
Troubled Debt Restructurings
 
 
 
 
 
 
 
 
 
Commercial and Business Loans
4

 
$
1,021

 
$
749

 
—

 
$
—

Government Program Loans
1

 
100

 
100

 
—

 
—

Commercial Real Estate Term Loans
—

 
—

 
—

 
—

 
—

Single Family Residential Loans
—

 
—

 
—

 
—

 
—

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
—

Real Estate Construction and Development Loans
—

 
—

 
—

 
—

 
—

Agricultural Loans
—

 
—

 
—

 
—

 
—

Consumer Loans
—

 
—

 
—

 
—

 
—

Overdraft Protection Lines
—

 
—

 
—

 
—

 
—

Total Loans
5

 
$
1,121

 
$
849

 
—

 
$
—


 
Three Months Ended  
 June 30, 2015
($ in 000's)
Number of
Contracts
 
Pre-
Modification
Outstanding
Recorded
Investment
 
Post-
Modification
Outstanding
Recorded
Investment
 
Number of Contracts which Defaulted During Period
 
Recorded Investment on Defaulted TDRs
Troubled Debt Restructurings
 
 
 
 
 
 
 
 
 
Commercial and Business Loans
—

 
$
—

 
$
—

 
—

 
$
—

Government Program Loans
—

 
—

 
—

 
—

 
—

Commercial Real Estate Term Loans
—

 
—

 
—

 
—

 
—

Single Family Residential Loans
—

 
—

 
—

 
—

 
—

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
—

Real Estate Construction and Development Loans
—

 
—

 
—

 
—

 
—

Agricultural Loans
—

 
—

 
—

 
—

 
—

Consumer Loans
—

 
—

 
—

 
—

 
—

Overdraft Protection Lines
—

 
—

 
—

 
—

 
—

Total Loans
—

 
$
—


$
—

 
—

 
$
—



 
Six Months Ended 
 June 30, 2015
($ in 000's)
Number of
Contracts
 
Pre-
Modification
Outstanding
Recorded
Investment
 
Post-
Modification
Outstanding
Recorded
Investment
 
Number of Contracts which Defaulted During Period
 
Recorded Investment on Defaulted TDRs
Troubled Debt Restructurings
 
 
 
 
 
 
 
 
 
Commercial and Business Loans
1

 
$
258

 
$
254

 
—

 
$
—

Government Program Loans
—

 
—

 
—

 
—

 
—

Commercial Real Estate Term Loans
—

 
—

 
—

 
—

 
—

Single Family Residential Loans
—

 
—

 
—

 
—

 
—

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
—

Real Estate Construction and Development Loans
—

 
—

 
—

 
—

 
—

Agricultural Loans
—

 
—

 
—

 
—

 
—

Consumer Loans
—

 
—

 
—

 
—

 
—

Overdraft Protection Lines
—

 
—

 
—

 
—

 
—

Total Loans
1

 
$
258

 
$
254

 
—

 
$
—
TDR activity by loan category
The following tables summarize TDR activity by loan category for the six months ended June 30, 2016 and June 30, 2015 (in 000's).
Six Months Ended June 30, 2016
Commercial and Industrial
 
Commercial Real Estate
 
Residential Mortgages
 
Home Improvement and Home Equity
 
Real Estate Construction Development
 
Agricultural
 
Installment
& Other
 
Total
Beginning balance
$
898

 
$
1,243

 
$
3,533

 
$
—

 
$
12,168

 
$
16

 
$
650

 
$
18,508

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Defaults
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Additions
849

 
—

 
—

 
—

 
—

 
—

 
—

 
849

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal additions (reductions)
(511
)
 
267

 
(1,133
)
 
—

 
(68
)
 
(10
)
 
315

 
(1,140
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,236

 
$
1,510

 
$
2,400

 
$
—

 
$
12,100

 
$
6

 
$
965

 
$
18,217

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan loss
$
43

 
$
493

 
$
186

 
$
—

 
$
—

 
$
—

 
$
596

 
$
1,318



Six Months Ended June 30, 2015
Commercial and Industrial
 
Commercial Real Estate
 
Residential Mortgages
 
Home Improvement and Home Equity
 
Real Estate Construction Development
 
Agricultural
 
Installment
& Other
 
Total
Beginning balance
$
1,306

 
$
2,713

 
$
4,225

 
$
—

 
$
6,029

 
$
32

 
$
695

 
$
15,000

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Defaults
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Additions
—

 
—

 
254

 
—

 
—

 
—

 
—

 
254

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal reductions
(331
)
 
(1,411
)
 
(841
)
 
—

 
(159
)
 
(7
)
 
(46
)
 
(2,795
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
975

 
$
1,302

 
$
3,638

 
$
—

 
$
5,870

 
$
25

 
$
649

 
$
12,459

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan loss
$
18

 
$
441

 
$
150

 
$
—

 
$
80

 
$
—

 
$
132

 
$
821



The following tables summarize TDR activity by loan category for the quarters ended June 30, 2016 and June 30, 2015.
Three months ended June 30, 2016
Commercial and Industrial
 
Commercial Real Estate
 
Residential Mortgages
 
Home Improvement and Home Equity
 
Real Estate Construction Development
 
Agricultural
 
Installment
& Other
 
Total
Beginning balance
$
1,735

 
$
1,557

 
$
2,680

 
$
—

 
$
11,632

 
$
10

 
$
977

 
$
18,591

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Defaults
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Additions
227

 
—

 
—

 
—

 
—

 
—

 
—

 
227

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal (reductions) additions
(726
)
 
(47
)
 
(280
)
 
—

 
468

 
(4
)
 
(12
)
 
(601
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,236

 
$
1,510

 
$
2,400

 
$
—

 
$
12,100

 
$
6

 
$
965

 
$
18,217

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan loss
$
43

 
$
493

 
$
186

 
$
0

 
$
—

 
$
—

 
$
596

 
$
1,318



Three months ended June 30, 2015
Commercial and Industrial
 
Commercial Real Estate
 
Residential Mortgages
 
Home Improvement and Home Equity
 
Real Estate Construction Development
 
Agricultural
 
Installment
& Other
 
Total
Beginning balance
$
1,203

 
$
2,646

 
$
4,282

 
$
—

 
$
5,950

 
$
28

 
$
694

 
$
14,803

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Defaults
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Additions
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal reductions
(228
)
 
(1,344
)
 
(644
)
 
—

 
(80
)
 
(3
)
 
(45
)
 
(2,344
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
975

 
$
1,302

 
$
3,638

 
$
—

 
$
5,870

 
$
25

 
$
649

 
$
12,459

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan loss
$
18

 
$
441

 
$
150

 
$
—

 
$
80

 
$
—

 
$
132

 
$
821
Credit risk rating for commercial, construction and non-consumer related loans
The following tables summarize the credit risk ratings for commercial, construction, and other non-consumer related loans for June 30, 2016 and December 31, 2015:
 
Commercial and Industrial
 
Commercial Real Estate
 
Real Estate Construction and Development
 
Agricultural
 
Total
June 30, 2016
 
 
 
 
(in 000's)
 
 
 
 
Grades 1 and 2
$
338

 
$
—

 
$
—

 
$
20

 
$
358

Grade 3
7,007

 
5,885

 
—

 
—

 
12,892

Grades 4 and 5 – pass
46,295

 
173,803

 
117,561

 
46,743

 
384,402

Grade 6 – special mention
1,339

 
628

 
911

 
—

 
2,878

Grade 7 – substandard
4,504

 
1,178

 
19,701

 
—

 
25,383

Grade 8 – doubtful
—

 
—

 
—

 
—

 
—

Total
$
59,483

 
$
181,494

 
$
138,173

 
$
46,763

 
$
425,913

 
Commercial and Industrial
 
Commercial Real Estate
 
Real Estate Construction and Development
 
Agricultural
 
Total
December 31, 2015
 
 
 
 
(in 000's)
 
 
 
 
Grades 1 and 2
$
519

 
$
—

 
$
—

 
$
50

 
$
569

Grade 3
5,008

 
5,964

 
—

 
—

 
10,972

Grades 4 and 5 – pass
44,341

 
173,731

 
103,607

 
52,087

 
373,766

Grade 6 – special mention
946

 
1,616

 
—

 
—

 
2,562

Grade 7 – substandard
5,012

 
1,243

 
26,989

 
—

 
33,244

Grade 8 – doubtful
—

 
—

 
—

 
—

 
—

Total
$
55,826

 
$
182,554

 
$
130,596

 
$
52,137

 
$
421,113
Credit risk ratings for consumer related loans and other homogenous loans
The following tables summarize the credit risk ratings for consumer related loans and other homogeneous loans for June 30, 2016 and December 31, 2015:
 
June 30, 2016
 
December 31, 2015
 
Residential Mortgages
 
Home
Improvement and Home Equity
 
Installment
 
Total
 
Residential Mortgages
 
Home
Improvement and Home Equity
 
Installment
 
Total
(in 000's)
 
 
 
 
 
 
 
Not graded
$
81,622

 
$
733

 
$
26,421

 
$
108,776

 
$
47,135

 
$
839

 
$
23,213

 
$
71,187

Pass
17,436

 
27

 
1,850

 
19,313

 
19,466

 
28

 
664

 
20,158

Special Mention
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Substandard
2,242

 
—

 
—

 
2,242

 
2,210

 
—

 
650

 
2,860

Doubtful
—

 
—

 
965

 
965

 
—

 
—

 
—

 
—

Total
$
101,300

 
$
760

 
$
29,236

 
$
131,296

 
$
68,811

 
$
867

 
$
24,527

 
$
94,205
Allowance for credit loses by loan category
The following summarizes the activity in the allowance for credit losses by loan category for the six months ended June 30, 2016 and 2015 (in 000's).
Six Months Ended
Commercial and Industrial
 
Real Estate Mortgage
 
Real Estate Construction Development
 
 Agricultural
 
Installment & Other
 
 Unallocated
 
Total
June 30, 2016
 
 
 
 
 
 
Beginning balance
$
1,652

 
$
1,449

 
$
4,629

 
$
655

 
$
1,258

 
$
70

 
$
9,713

Provision (recovery of provision) for credit losses
837

 
225

 
(1,204
)
 
(101
)
 
(44
)
 
277

 
(10
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
(842
)
 
(22
)
 
—

 
—

 
—

 
(16
)
 
(880
)
Recoveries
38

 
13

 
30

 
—

 
5

 
—

 
86

Net recoveries
(804
)
 
(9
)
 
30

 
—

 
5

 
(16
)
 
(794
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,685

 
$
1,665

 
$
3,455

 
$
554

 
$
1,219

 
$
331

 
$
8,909

Period-end amount allocated to:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
497

 
686

 
—

 
—

 
596

 
—

 
1,779

Loans collectively evaluated for impairment
1,188

 
979

 
3,455

 
554

 
623

 
331

 
7,130

Ending balance
$
1,685

 
$
1,665

 
$
3,455

 
$
554

 
$
1,219

 
$
331

 
$
8,909


Six Months Ended
Commercial and Industrial
 
Real Estate Mortgage
 
Real Estate Construction Development
 
 Agricultural
 
Installment & Other
 
 Unallocated
 
Total
June 30, 2015
 
 
 
 
 
 
Beginning balance
$
1,219

 
$
1,653

 
$
6,278

 
$
481

 
$
293

 
$
847

 
$
10,771

Provision (recovery of provision) for credit losses
812

 
(170
)
 
52

 
(31
)
 
535

 
(741
)
 
457

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
(385
)
 
—

 
—

 
—

 
(17
)
 
(6
)
 
(408
)
Recoveries
571

 
126

 
30

 
—

 
4

 
1

 
732

Net charge-offs
186

 
126

 
30

 
—

 
(13
)
 
(5
)
 
324

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
2,217

 
$
1,609

 
$
6,360

 
$
450

 
$
815

 
$
101

 
$
11,552

Period-end amount allocated to:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
1,002

 
591

 
146

 
—

 
583

 
—

 
2,322

Loans collectively evaluated for impairment
1,215

 
1,018

 
6,214

 
450

 
232

 
101

 
9,230

Ending balance
$
2,217

 
$
1,609

 
$
6,360

 
$
450

 
$
815

 
$
101

 
$
11,552


The following summarizes the activity in the allowance for credit losses by loan category for the quarters ended June 30, 2016 and 2015 (in 000's).
Three Months Ended
Commercial and Industrial
 
Real Estate Mortgage
 
Real Estate Construction Development
 
 Agricultural
 
Installment & Other
 
 Unallocated
 
Total
June 30, 2016
 
 
 
 
 
 
Beginning balance
$
2,313

 
$
1,459

 
$
3,273

 
$
545

 
$
1,237

 
$
892

 
$
9,719

Recovery of provision for credit losses
193

 
200

 
182

 
9

 
(20
)
 
(552
)
 
12

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
(839
)
 
—

 
—

 
—

 
—

 
(9
)
 
(848
)
Recoveries
18

 
6

 
—

 
—

 
2

 
—

 
26

Net charge-offs
(821
)
 
6

 
—

 
—

 
2

 
(9
)

(822
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,685

 
$
1,665

 
$
3,455

 
$
554

 
$
1,219

 
$
331


$
8,909

Period-end amount allocated to:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
497

 
686

 
—

 
—

 
596

 
—

 
1,779

Loans collectively evaluated for impairment
1,188

 
979

 
3,455

 
554

 
623

 
331

 
7,130

Ending balance
$
1,685

 
$
1,665

 
$
3,455

 
$
554

 
$
1,219

 
$
331

 
$
8,909


Three Months Ended
Commercial and Industrial
 
Real Estate Mortgage
 
Real Estate Construction Development
 
 Agricultural
 
Installment & Other
 
 Unallocated
 
Total
June 30, 2015
 
 
 
 
 
 
Beginning balance
$
2,075

 
$
1,744

 
$
6,209

 
$
493

 
$
761

 
$
8

 
$
11,290

Provision for credit losses
(22
)
 
(254
)
 
151

 
(43
)
 
69

 
97

 
(2
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
(170
)
 
—

 
—

 
—

 
(17
)
 
(4
)
 
(191
)
Recoveries
334

 
119

 
—

 
—

 
2

 
—

 
455

Net charge-offs
164

 
119

 
0

 
0

 
(15
)
 
(4
)
 
264

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
2,217

 
$
1,609

 
$
6,360

 
$
450

 
$
815

 
$
101

 
$
11,552

Period-end amount allocated to:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
1,002

 
591

 
146

 
—

 
583

 
—

 
2,322

Loans collectively evaluated for impairment
1,215

 
1,018

 
6,214

 
450

 
232

 
101

 
9,230

Ending balance
$
2,217

 
$
1,609

 
$
6,360

 
$
450

 
$
815

 
$
101

 
$
11,552
Summarized loan balances
The following summarizes information with respect to the loan balances at June 30, 2016 and 2015.
 
June 30, 2016
 
June 30, 2015
 
Loans
Individually
Evaluated for Impairment
 
Loans
Collectively
Evaluated for Impairment
 
Total Loans
 
Loans
Individually
Evaluated for Impairment
 
Loans
Collectively
Evaluated for Impairment
 
Total Loans
(in 000's)
 
 
 
 
 
Commercial and Business Loans
$
5,101

 
$
52,404

 
$
57,505

 
$
1,669

 
$
57,927

 
$
59,596

Government Program Loans
365

 
1,612

 
1,977

 
368

 
1,414

 
1,782

Total Commercial and Industrial
5,466

 
54,016

 
59,482

 
2,037

 
59,341

 
61,378

 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate Loans
1,511

 
179,983

 
181,494

 
1,302

 
162,165

 
163,467

Residential Mortgage Loans
2,961

 
98,339

 
101,300

 
3,915

 
71,930

 
75,845

Home Improvement and Home Equity Loans
—

 
760

 
760

 
—

 
994

 
994

Total Real Estate Mortgage
4,472

 
279,082

 
283,554

 
5,217

 
235,089

 
240,306

 
 
 
 
 
 
 
 
 
 
 
 
Real Estate Construction and Development Loans
12,131

 
126,043

 
138,174

 
6,200

 
151,327

 
157,527

 
 
 
 
 
 
 
 
 
 
 
 
Agricultural Loans
6

 
46,757

 
46,763

 
25

 
33,795

 
33,820

 
 
 
 
 
 
 
 
 
 
 
 
Installment Loans
965

 
28,271

 
29,236

 
1,103

 
9,613

 
10,716

 
 
 
 
 
 
 
 
 
 
 
 
Total Loans
$
23,040

 
$
534,169

 
$
557,209

 
$
14,582

 
$
489,165

 
$
503,747