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Allowance For Loan Losses
 3 Months Ended
Mar. 31, 2014
Allowance For Loan Losses [Abstract]  
Allowance For Loan Losses

NOTE 7  ALLOWANCE FOR LOAN LOSSES:

 

The following table details activity in the allowance for loan losses by portfolio segment for the period ended March 31, 2014.  Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of March 31, 2014

(Dollars are in thousands)

 

Beginning

Balance

 

Charge

Offs

 

 

Recoveries

 

 

Advances

 

 

Provisions

 

Ending Balance

Real estate secured:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
5,203 

$
(495)

$
1 

$

-

$
(360)

$
4,349 

Construction and land development

 
1,184 

 
(34)

 
3 

 

-

 
(261)

 
892 

Residential 1-4 family

 
3,316 

 
(155)

 
11 

 

-

 
291 

 
3,463 

Multifamily

 
133 

 

-

 

-

 

-

 
(5)

 
128 

Farmland

 
1,224 

 
(210)

 

-

 

-

 
99 

 
1,113 

Total real estate loans

 
11,060 

 
(894)

 
15 

 

-

 
(236)

 
9,945 

Commercial

 
1,147 

 

-

 
8 

 

-

 
(466)

 
689 

Agriculture

 
337 

 
(1)

 

-

 

-

 
(150)

 
186 

Consumer installment loans

 
153 

 
(19)

 
7 

 

-

 
(7)

 
134 

All other loans

 
2 

 

-

 

-

 

-

 
(1)

 
1 

Unallocated

 
381 

 

-

 

-

 

-

 
860 

 
1,241 

Total

$
13,080 

$
(914)

$
30 

$

-

$

-

$
12,196 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for Loan Losses

 

Recorded Investment in Loans

 

 

As of March 31, 2014

(Dollars are in thousands)

 

Individually

Evaluated

for Impairment

 

Collectively Evaluated for Impairment

 

 

 

 

Total

 

Individually

Evaluated for Impairment

 

Collectively Evaluated for Impairment

 

 

 

 

Total

Real estate secured:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
1,340 

$
3,009 

$
4,349 

$
21,501 

$
103,497 

$
124,998 

Construction and land

 development

 
147 

 
745 

 
892 

 
870 

 
16,586 

 
17,456 

Residential 1-4 family

 
1,350 

 
2,113 

 
3,463 

 
8,256 

 
241,793 

 
250,049 

Multifamily

 
37 

 
91 

 
128 

 
591 

 
10,415 

 
11,006 

Farmland

 
565 

 
548 

 
1,113 

 
8,637 

 
19,002 

 
27,639 

Total real estate loans

 
3,439 

 
6,506 

 
9,945 

 
39,855 

 
391,293 

 
431,148 

Commercial

 
145 

 
544 

 
689 

 
983 

 
21,536 

 
22,519 

Agriculture

 
39 

 
147 

 
186 

 
111 

 
3,549 

 
3,660 

Consumer installment loans

 
2 

 
132 

 
134 

 
22 

 
25,270 

 
25,292 

All other loans

 

-

 
1 

 
1 

 

-

 
127 

 
127 

Unallocated

 

-

 
1,241 

 
1,241 

 

-

 

-

 

-

Total

$
3,625 

$
8,571 

$
12,196 

$
40,971 

$
441,775 

$
482,746 

 

 

 

The following table details activity in the allowance for loan losses by portfolio segment for the period ended December 31, 2013.  Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2013

(Dollars are in thousands)

 

Beginning

Balance

 

Charge

Offs

 

 

Recoveries

 

 

Advances

 

 

Provisions

 

Ending Balance

Real estate secured:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
6,720 

$
(2,811)

$
439 

$

-

$
855 

$
5,203 

Construction and land development

 
2,166 

 
(312)

 
452 

 

-

 
(1,122)

 
1,184 

Residential 1-4 family

 
3,050 

 
(1,143)

 
576 

 

-

 
833 

 
3,316 

Multifamily

 
552 

 

-

 

-

 

-

 
(419)

 
133 

Farmland

 
1,074 

 
(749)

 
68 

 

-

 
831 

 
1,224 

Total real estate loans

 
13,562 

 
(5,015)

 
1,535 

 

-

 
978 

 
11,060 

Commercial

 
1,772 

 
(513)

 
50 

 

-

 
(162)

 
1,147 

Agriculture

 
533 

 
(363)

 
51 

 

-

 
116 

 
337 

Consumer installment loans

 
388 

 
(153)

 
128 

 

-

 
(210)

 
153 

All other loans

 
4 

 

-

 

-

 

-

 
(2)

 
2 

Unallocated

 
551 

 

-

 

-

 

-

 
(170)

 
381 

Total

$
16,810 

$
(6,044)

$
1,764 

$

-

$
550 

$
13,080 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for Loan Losses

 

Recorded Investment in Loans

 

 

As of December 31, 2013

(Dollars are in thousands)

 

Individually

Evaluated

for Impairment

 

Collectively Evaluated for Impairment

 

 

 

 

Total

 

Individually

Evaluated for Impairment

 

Collectively Evaluated for Impairment

 

 

 

 

Total

Real estate secured:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
1,942 

$
3,261 

$
5,203 

$
21,899 

$
104,275 

$
126,174 

Construction and land

 development

 
138 

 
1,046 

 
1,184 

 
890 

 
21,531 

 
22,421 

Residential 1-4 family

 
1,180 

 
2,136 

 
3,316 

 
8,015 

 
241,172 

 
249,187 

Multifamily

 
39 

 
94 

 
133 

 
594 

 
10,888 

 
11,482 

Farmland

 
653 

 
571 

 
1,224 

 
8,642 

 
20,250 

 
28,892 

Total real estate loans

 
3,952 

 
7,108 

 
11,060 

 
40,040 

 
398,116 

 
438,156 

Commercial

 
208 

 
939 

 
1,147 

 
987 

 
23,968 

 
24,955 

Agriculture

 
43 

 
294 

 
337 

 
115 

 
3,603 

 
3,718 

Consumer installment loans

 
3 

 
150 

 
153 

 
34 

 
26,021 

 
26,055 

All other loans

 

-

 
2 

 
2 

 

-

 
139 

 
139 

Unallocated

 

-

 
381 

 
381 

 

-

 

-

 

-

Total

$
4,206 

$
8,874 

$
13,080 

$
41,176 

$
451,847 

$
493,023 

 

In determining the amount of our allowance, we rely on an analysis of our loan portfolio, our experience and our evaluation of general economic conditions, as well as the requirements of the written agreement and other regulatory input.  If our assumptions prove to be incorrect, our current allowance may not be sufficient to cover future loan losses and we may experience significant increases to our provision.