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Allowance for Loan Losses
 12 Months Ended
Dec. 31, 2016
Allowance for Loan Losses  
Allowance for Loan Losses

Note 6: Allowance for Loan Losses

 

Changes in the allowance for loan losses by segment of loans based on method of impairment for the year ended December 31, 2016, were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate

 

Real Estate

 

Real Estate

 

 

 

 

 

 

Allowance for loan losses:

   

Commercial

   

Commercial

   

Construction

   

Residential

   

Consumer

   

Other

   

Total

Beginning balance

 

$
2,096

 

$
9,013

 

$
265

 

$
1,694

 

$
1,190

 

$
1,965

 

$
16,223

Charge-offs

 

 
118

 

 
1,633

 

 
23

 

 
1,072

 

 
344

 

 

 -

 

 
3,190

Recoveries

 

 
37

 

 
640

 

 
96

 

 
1,331

 

 
271

 

 

 -

 

 
2,375

Provision (Release)

 

 
247

 

 
1,527

 

 
51

 

 
739

 

 
(284)

 

 
(1,530)

 

 
750

Ending balance

 

$
2,262

 

$
9,547

 

$
389

 

$
2,692

 

$
833

 

$
435

 

$
16,158

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: Individually evaluated for impairment

 

$

 -

 

$
246

 

$

 -

 

$
803

 

$

 -

 

$

 -

 

$
1,049

Ending balance: Collectively evaluated for impairment

 

$
2,262

 

$
9,301

 

$
389

 

$
1,889

 

$
833

 

$
435

 

$
15,109

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$
283,564

 

$
736,247

 

$
64,720

 

$
377,851

 

$
3,237

 

$
13,190

 

$
1,478,809

Ending balance: Individually evaluated for impairment

 

$
405

 

$
6,449

 

$
281

 

$
14,951

 

$
201

 

$

 -

 

$
22,287

Ending balance: Collectively evaluated for impairment

 

$
283,159

 

$
729,798

 

$
64,439

 

$
362,900

 

$
3,036

 

$
13,190

 

$
1,456,522

 

 

 

Changes in the allowance for loan losses by segment of loans based on method of impairment for the year ended December 31, 2015, were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate

 

Real Estate

 

Real Estate

 

 

 

 

 

 

Allowance for loan losses:

   

Commercial

   

Commercial

   

Construction

   

Residential

   

Consumer

   

Other

   

Total

Beginning balance

 

$
1,644

 

$
12,577

 

$
1,475

 

$
1,981

 

$
1,454

 

$
2,506

 

$
21,637

Charge-offs

 

 
993

 

 
1,653

 

 
2

 

 
1,639

 

 
483

 

 

 -

 

 
4,770

Recoveries

 

 
451

 

 
1,595

 

 
276

 

 
1,075

 

 
359

 

 

 -

 

 
3,756

Provision (Release)

 

 
994

 

 
(3,506)

 

 
(1,484)

 

 
277

 

 
(140)

 

 
(541)

 

 
(4,400)

Ending balance

 

$
2,096

 

$
9,013

 

$
265

 

$
1,694

 

$
1,190

 

$
1,965

 

$
16,223

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: Individually evaluated for impairment

 

$
3

 

$

 -

 

$

 -

 

$
31

 

$

 -

 

$

 -

 

$
34

Ending balance: Collectively evaluated for impairment

 

$
2,093

 

$
9,013

 

$
265

 

$
1,663

 

$
1,190

 

$
1,965

 

$
16,189

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$
141,315

 

$
605,721

 

$
19,806

 

$
351,007

 

$
4,216

 

$
11,650

 

$
1,133,715

Ending balance: Individually evaluated for impairment

 

$
73

 

$
5,396

 

$
83

 

$
15,334

 

$

-

 

$

-

 

$
20,886

Ending balance: Collectively evaluated for impairment

 

$
141,242

 

$
600,325

 

$
19,723

 

$
335,673

 

$
4,216

 

$
11,650

 

$
1,112,829

 

Changes in the allowance for loan losses by segment of loans based on method of impairment for the year ended December 31, 2014, were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate

 

Real Estate

 

Real Estate

 

 

 

 

 

 

Allowance for loan losses:

   

Commercial

   

Commercial

   

Construction

   

Residential

   

Consumer

   

Other

   

Total

Beginning balance

 

$
2,250

 

$
16,763

 

$
1,980

 

$
2,837

 

$
1,439

 

$
2,012

 

$
27,281

Charge-offs

 

 
578

 

 
1,972

 

 
174

 

 
3,393

 

 
526

 

 

 -

 

 
6,643

Recoveries

 

 
58

 

 
1,346

 

 
633

 

 
1,842

 

 
420

 

 

 -

 

 
4,299

(Release) provision

 

 
(86)

 

 
(3,560)

 

 
(964)

 

 
695

 

 
121

 

 
494

 

 
(3,300)

Ending balance

 

$
1,644

 

$
12,577

 

$
1,475

 

$
1,981

 

$
1,454

 

$
2,506

 

$
21,637

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: Individually evaluated for impairment

 

$

 -

 

$
21

 

$
98

 

$
159

 

$

 -

 

$

 -

 

$
278

Ending balance: Collectively evaluated for impairment

 

$
1,644

 

$
12,556

 

$
1,377

 

$
1,822

 

$
1,454

 

$
2,506

 

$
21,359

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$
127,196

 

$
600,629

 

$
44,795

 

$
370,191

 

$
3,504

 

$
13,017

 

$
1,159,332

Ending balance: Individually evaluated for impairment

 

$
1,500

 

$
15,253

 

$
2,352

 

$
16,781

 

$

 -

 

$

 -

 

$
35,886

Ending balance: Collectively evaluated for impairment

 

$
125,696

 

$
585,376

 

$
42,443

 

$
353,410

 

$
3,504

 

$
13,017

 

$
1,123,446

 

The Company’s allowance for loan loss is calculated in accordance with GAAP and relevant supervisory guidance.  All management estimates were made in light of observable trends within loan portfolio segments, market conditions and established credit review administration practices.