XML 26 R12.htm IDEA: XBRL DOCUMENT v3.8.0.1
Loans
12 Months Ended
Dec. 31, 2017
Receivables [Abstract]  
Loans

NOTE 4 - LOANS

Loans at year end were as follows:  

 

 

 

2017

 

 

2016

 

Originated loans:

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

Owner occupied

 

$

140,321

 

 

$

109,750

 

Non-owner occupied

 

 

199,080

 

 

 

165,861

 

Farmland

 

 

 

 

70,534

 

 

 

34,155

 

Other

 

 

89,025

 

 

 

70,823

 

Commercial

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

193,347

 

 

 

171,145

 

Agricultural

 

 

 

 

32,587

 

 

 

24,598

 

Residential real estate

 

 

 

 

 

 

 

 

1-4 family residential

 

 

272,421

 

 

 

224,222

 

Home equity lines of credit

 

 

71,507

 

 

 

59,642

 

Consumer

 

 

 

 

 

 

 

 

Indirect

 

 

155,950

 

 

 

156,633

 

Direct

 

 

28,519

 

 

 

26,663

 

Other

 

 

8,876

 

 

 

7,611

 

Total originated loans

 

$

1,262,167

 

 

$

1,051,103

 

Acquired loans:

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

Owner occupied

 

$

53,031

 

 

$

60,928

 

Non-owner occupied

 

 

20,286

 

 

 

24,949

 

Farmland

 

 

 

 

47,754

 

 

 

54,204

 

Other

 

 

11,964

 

 

 

14,665

 

Commercial

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

27,094

 

 

 

33,626

 

Agricultural

 

 

 

 

12,206

 

 

 

16,024

 

Residential real estate

 

 

 

 

 

 

 

 

1-4 family residential

 

 

96,759

 

 

 

112,015

 

Home equity lines of credit

 

 

28,755

 

 

 

34,795

 

Consumer

 

 

 

 

 

 

 

 

Direct

 

 

14,378

 

 

 

21,681

 

Other

 

 

128

 

 

 

247

 

Total acquired loans

 

 

312,355

 

 

 

373,134

 

Net deferred loan costs

 

 

2,859

 

 

 

3,398

 

Allowance for loan losses

 

 

(12,315

)

 

 

(10,852

)

Net loans

 

$

1,565,066

 

 

$

1,416,783

 

Purchased credit impaired loans

 

As part of the NBOH acquisition in 2015 the Company acquired various loans that displayed evidence of deterioration of credit quality since origination and which was probable that all contractually required payments would not be collected.  The carrying amounts and contractually required payments of these loans which are included in the loan balances above are summarized in the following tables:

 

 

 

2017

 

 

2016

 

Commercial real estate

 

 

 

 

 

 

 

 

Owner occupied

 

$

670

 

 

$

689

 

Non-owner occupied

 

 

387

 

 

 

436

 

Commercial

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

1,072

 

 

 

1,213

 

Total outstanding balance

 

$

2,129

 

 

$

2,338

 

Carrying amount, net of allowance of $0 in 2017 and 2016

 

$

1,733

 

 

$

2,181

 

 

Accretable yield, or income expected to be collected, is shown in the table below:

 

 

 

 

 

2017

 

 

2016

 

Beginning balance

 

 

 

$

247

 

 

$

323

 

New loans purchased

 

 

 

 

0

 

 

 

0

 

Accretion of income

 

 

 

 

(77

)

 

 

(76

)

Ending balance

 

 

 

$

170

 

 

$

247

 

 

The key assumptions considered include probability of default and the amount of actual prepayments after the acquisition date.  Prepayments affect the estimated life of the loans and could change the amount of interest income and principal expected to be collected.  In reforecasting future estimated cash flows, credit loss expectations are adjusted as necessary.  There were no adjustments to forecasted cash flows that impacted the allowance for loan losses for the years ended December 31, 2017 and 2016.

 

The following tables present the activity in the allowance for loan losses by portfolio segment for years ended December 31, 2017, 2016 and 2015:

 

December 31, 2017

 

Commercial

Real Estate

 

 

Commercial

 

 

Residential

Real Estate

 

 

Consumer

 

 

Unallocated

 

 

Total

 

Allowance for loan losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

3,577

 

 

$

1,874

 

 

$

2,205

 

 

$

2,766

 

 

$

430

 

 

$

10,852

 

Provision for loan losses

 

 

298

 

 

 

446

 

 

 

378

 

 

 

1,983

 

 

 

245

 

 

 

3,350

 

Loans charged off

 

 

(207

)

 

 

(375

)

 

 

(162

)

 

 

(2,542

)

 

 

0

 

 

 

(3,286

)

Recoveries

 

 

592

 

 

 

66

 

 

 

100

 

 

 

641

 

 

 

0

 

 

 

1,399

 

Total ending allowance balance

 

$

4,260

 

 

$

2,011

 

 

$

2,521

 

 

$

2,848

 

 

$

675

 

 

$

12,315

 

 

December 31, 2016

 

Commercial

Real Estate

 

 

Commercial

 

 

Residential

Real Estate

 

 

Consumer

 

 

Unallocated

 

 

Total

 

Allowance for loan losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

3,127

 

 

$

1,373

 

 

$

1,845

 

 

$

2,160

 

 

$

473

 

 

$

8,978

 

Provision for loan losses

 

 

784

 

 

 

701

 

 

 

436

 

 

 

1,992

 

 

 

(43

)

 

 

3,870

 

Loans charged off

 

 

(349

)

 

 

(245

)

 

 

(188

)

 

 

(2,019

)

 

 

0

 

 

 

(2,801

)

Recoveries

 

 

15

 

 

 

45

 

 

 

112

 

 

 

633

 

 

 

0

 

 

 

805

 

Total ending allowance balance

 

$

3,577

 

 

$

1,874

 

 

$

2,205

 

 

$

2,766

 

 

$

430

 

 

$

10,852

 

 

December 31, 2015

 

Commercial

Real Estate

 

 

Commercial

 

 

Residential

Real Estate

 

 

Consumer

 

 

Unallocated

 

 

Total

 

Allowance for loan losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

2,676

 

 

$

1,420

 

 

$

1,689

 

 

$

1,663

 

 

$

184

 

 

$

7,632

 

Provision for loan losses

 

 

857

 

 

 

234

 

 

 

354

 

 

 

1,776

 

 

 

289

 

 

 

3,510

 

Loans charged off

 

 

(536

)

 

 

(290

)

 

 

(320

)

 

 

(2,058

)

 

 

0

 

 

 

(3,204

)

Recoveries

 

 

130

 

 

 

9

 

 

 

122

 

 

 

779

 

 

 

0

 

 

 

1,040

 

Total ending allowance balance

 

$

3,127

 

 

$

1,373

 

 

$

1,845

 

 

$

2,160

 

 

$

473

 

 

$

8,978

 

 

 

The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment, based on impairment method as of December 31, 2017 and 2016.  The recorded investment in loans includes the unpaid principal balance and unamortized loan origination fees and costs, but excludes accrued interest receivable which is not considered to be material:

 

December 31, 2017

 

Commercial

Real Estate

 

 

Commercial

 

 

Residential

Real Estate

 

 

Consumer

 

 

Unallocated

 

 

Total

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending allowance balance attributable to

   loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

 

$

0

 

 

$

4

 

 

$

158

 

 

$

0

 

 

$

0

 

 

$

162

 

Collectively evaluated for impairment

 

 

4,214

 

 

 

1,993

 

 

 

2,322

 

 

 

2,844

 

 

 

675

 

 

 

12,048

 

Acquired loans collectively evaluated

   for impairment

 

 

46

 

 

 

14

 

 

 

41

 

 

 

4

 

 

 

0

 

 

 

105

 

Acquired with deteriorated credit

   quality

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

Total ending allowance balance

 

$

4,260

 

 

$

2,011

 

 

$

2,521

 

 

$

2,848

 

 

$

675

 

 

$

12,315

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for

   impairment

 

$

658

 

 

$

260

 

 

$

4,559

 

 

$

59

 

 

$

0

 

 

$

5,536

 

Loans collectively evaluated for

   impairment

 

 

497,168

 

 

 

225,312

 

 

 

339,143

 

 

 

198,370

 

 

 

0

 

 

 

1,259,993

 

Acquired loans

 

 

131,926

 

 

 

38,503

 

 

 

125,182

 

 

 

14,507

 

 

 

0

 

 

 

310,118

 

Acquired with deteriorated credit

   quality

 

 

948

 

 

 

786

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

1,734

 

Total ending loans balance

 

$

630,700

 

 

$

264,861

 

 

$

468,884

 

 

$

212,936

 

 

$

0

 

 

$

1,577,381

 

 

December 31, 2016

 

Commercial

Real Estate

 

 

Commercial

 

 

Residential

Real Estate

 

 

Consumer

 

 

Unallocated

 

 

Total

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending allowance balance attributable to

   loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

 

$

86

 

 

$

111

 

 

$

52

 

 

$

0

 

 

$

0

 

 

$

249

 

Collectively evaluated for impairment

 

 

3,491

 

 

 

1,763

 

 

 

2,153

 

 

 

2,766

 

 

 

430

 

 

 

10,603

 

Acquired loans collectively evaluated

   for impairment

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

Acquired with deteriorated credit

   quality

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

Total ending allowance balance

 

$

3,577

 

 

$

1,874

 

 

$

2,205

 

 

$

2,766

 

 

$

430

 

 

$

10,852

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for

   impairment

 

$

3,457

 

 

$

477

 

 

$

3,308

 

 

$

96

 

 

$

0

 

 

$

7,338

 

Loans collectively evaluated for

   impairment

 

 

376,632

 

 

 

195,146

 

 

 

280,215

 

 

 

196,081

 

 

 

0

 

 

 

1,048,074

 

Acquired loans

 

 

153,228

 

 

 

48,536

 

 

 

146,672

 

 

 

21,923

 

 

 

0

 

 

 

370,359

 

Acquired with deteriorated credit

   quality

 

 

968

 

 

 

896

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

1,864

 

Total ending loans balance

 

$

534,285

 

 

$

245,055

 

 

$

430,195

 

 

$

218,100

 

 

$

0

 

 

$

1,427,635

 

 

The following tables present information related to impaired loans by class of loans as of and for years ended December 31, 2017, 2016 and 2015.  The recorded investment in loans excludes accrued interest receivable due to immateriality.

 

December 31, 2017

 

Unpaid Principal

Balance

 

 

Recorded

Investment

 

 

Allowance for

Loan Losses

Allocated

 

 

Average Recorded Investment

 

 

Interest Income Recognized

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

$

659

 

 

$

658

 

 

$

0

 

 

$

767

 

 

$

10

 

Non-owner occupied

 

 

0

 

 

 

0

 

 

 

0

 

 

 

68

 

 

 

2

 

Farmland

 

 

0

 

 

 

0

 

 

 

0

 

 

 

12

 

 

 

0

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

214

 

 

 

192

 

 

 

0

 

 

 

184

 

 

 

4

 

Agricultural

 

 

0

 

 

 

0

 

 

 

0

 

 

 

10

 

 

 

0

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

2,923

 

 

 

2,697

 

 

 

0

 

 

 

2,343

 

 

 

138

 

Home equity lines of credit

 

 

341

 

 

 

319

 

 

 

0

 

 

 

299

 

 

 

15

 

Consumer

 

 

145

 

 

 

59

 

 

 

0

 

 

 

74

 

 

 

11

 

Subtotal

 

 

4,282

 

 

 

3,925

 

 

 

0

 

 

 

3,757

 

 

 

180

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

 

0

 

 

 

0

 

 

 

0

 

 

 

134

 

 

 

6

 

Non-owner occupied

 

 

0

 

 

 

0

 

 

 

0

 

 

 

640

 

 

 

28

 

Farmland

 

 

0

 

 

 

0

 

 

 

0

 

 

 

63

 

 

 

0

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

68

 

 

 

68

 

 

 

4

 

 

 

71

 

 

 

4

 

Agricultural

 

 

0

 

 

 

0

 

 

 

0

 

 

 

50

 

 

 

0

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

1,409

 

 

 

1,387

 

 

 

84

 

 

 

837

 

 

 

29

 

Home equity lines of credit

 

 

159

 

 

 

156

 

 

 

74

 

 

 

95

 

 

 

3

 

Consumer

 

 

0

 

 

 

0

 

 

 

0

 

 

 

2

 

 

 

0

 

Subtotal

 

 

1,636

 

 

 

1,611

 

 

 

162

 

 

 

1,892

 

 

 

70

 

Total

 

$

5,918

 

 

$

5,536

 

 

$

162

 

 

$

5,649

 

 

$

250

 

 

 

 

 

December 31, 2016

 

Unpaid Principal

Balance

 

 

Recorded

Investment

 

 

Allowance for

Loan Losses

Allocated

 

 

Average Recorded Investment

 

 

Interest Income Recognized

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

$

1,974

 

 

$

1,456

 

 

$

0

 

 

$

1,601

 

 

$

70

 

Non-owner occupied

 

 

332

 

 

 

331

 

 

 

0

 

 

 

334

 

 

 

5

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

205

 

 

 

184

 

 

 

0

 

 

 

641

 

 

 

15

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

2,650

 

 

 

2,403

 

 

 

0

 

 

 

2,302

 

 

 

145

 

Home equity lines of credit

 

 

195

 

 

 

179

 

 

 

0

 

 

 

221

 

 

 

10

 

Consumer

 

 

205

 

 

 

96

 

 

 

0

 

 

 

97

 

 

 

13

 

Subtotal

 

 

5,561

 

 

 

4,649

 

 

 

0

 

 

 

5,196

 

 

 

258

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

 

173

 

 

 

173

 

 

 

14

 

 

 

874

 

 

 

29

 

Non-owner occupied

 

 

1,118

 

 

 

1,118

 

 

 

30

 

 

 

1,283

 

 

 

67

 

Farmland

 

 

380

 

 

 

379

 

 

 

42

 

 

 

127

 

 

 

0

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

75

 

 

 

75

 

 

 

4

 

 

 

103

 

 

 

4

 

Agricultural

 

 

219

 

 

 

218

 

 

 

107

 

 

 

73

 

 

 

0

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

661

 

 

 

642

 

 

 

51

 

 

 

828

 

 

 

36

 

Home equity lines of credit

 

 

84

 

 

 

84

 

 

 

1

 

 

 

85

 

 

 

4

 

Consumer

 

 

0

 

 

 

0

 

 

 

0

 

 

 

1

 

 

 

0

 

Subtotal

 

 

2,710

 

 

 

2,689

 

 

 

249

 

 

 

3,374

 

 

 

140

 

Total

 

$

8,271

 

 

$

7,338

 

 

$

249

 

 

$

8,570

 

 

$

398

 

 

December 31, 2015

 

Unpaid Principal

Balance

 

 

Recorded

Investment

 

 

Allowance for

Loan Losses

Allocated

 

 

Average Recorded Investment

 

 

Interest Income Recognized

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

$

2,956

 

 

$

2,436

 

 

$

0

 

 

$

2,080

 

 

$

106

 

Non-owner occupied

 

 

343

 

 

 

342

 

 

 

0

 

 

 

372

 

 

 

30

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

834

 

 

 

631

 

 

 

0

 

 

 

433

 

 

 

23

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

2,575

 

 

 

2,310

 

 

 

0

 

 

 

2,174

 

 

 

147

 

Home equity lines of credit

 

 

283

 

 

 

268

 

 

 

0

 

 

 

260

 

 

 

15

 

Consumer

 

 

214

 

 

 

103

 

 

 

0

 

 

 

81

 

 

 

14

 

Subtotal

 

 

7,205

 

 

 

6,090

 

 

 

0

 

 

 

5,400

 

 

 

335

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

 

1,597

 

 

 

1,595

 

 

 

379

 

 

 

2,008

 

 

 

70

 

Non-owner occupied

 

 

1,480

 

 

 

1,480

 

 

 

50

 

 

 

1,511

 

 

 

79

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

81

 

 

 

81

 

 

 

5

 

 

 

540

 

 

 

4

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

769

 

 

 

749

 

 

 

61

 

 

 

919

 

 

 

39

 

Home equity lines of credit

 

 

87

 

 

 

87

 

 

 

2

 

 

 

96

 

 

 

4

 

Subtotal

 

 

4,014

 

 

 

3,992

 

 

 

497

 

 

 

5,074

 

 

 

196

 

Total

 

$

11,219

 

 

$

10,082

 

 

$

497

 

 

$

10,474

 

 

$

531

 

 

Cash basis interest income recognized and interest income recognized was materially equal for 2017, 2016 and 2015.

Nonaccrual loans and loans past due 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans.  The following table presents the recorded investment in nonaccrual and loans past due 90 days or more still on accrual by class of loans as of December 31, 2017 and 2016:

 

 

 

2017

 

 

2016

 

 

 

Nonaccrual

 

 

Loans Past Due

90 Days or More

Still Accruing

 

 

Nonaccrual

 

 

Loans Past Due

90 Days or More

Still Accruing

 

Originated loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

$

501

 

 

$

0

 

 

$

958

 

 

$

0

 

Non-owner occupied

 

 

0

 

 

 

0

 

 

 

343

 

 

 

0

 

Farmland

 

 

45

 

 

 

0

 

 

 

58

 

 

 

0

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

249

 

 

 

0

 

 

 

400

 

 

 

0

 

Agricultural

 

 

2

 

 

 

0

 

 

 

12

 

 

 

0

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

2,653

 

 

 

393

 

 

 

1,929

 

 

 

295

 

Home equity lines of credit

 

 

602

 

 

 

8

 

 

 

202

 

 

 

118

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indirect

 

 

457

 

 

 

361

 

 

 

298

 

 

 

438

 

Direct

 

 

63

 

 

 

153

 

 

 

9

 

 

 

65

 

Other

 

 

0

 

 

 

14

 

 

 

0

 

 

 

16

 

Total originated loans

 

$

4,572

 

 

$

929

 

 

$

4,209

 

 

$

932

 

Acquired loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

$

0

 

 

$

0

 

 

$

85

 

 

$

0

 

Non-owner occupied

 

 

216

 

 

 

0

 

 

 

0

 

 

 

0

 

Other

 

 

0

 

 

 

0

 

 

 

24

 

 

 

0

 

Farmland

 

 

0

 

 

 

0

 

 

 

380

 

 

 

0

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

943

 

 

 

19

 

 

 

961

 

 

 

0

 

Agricultural

 

 

9

 

 

 

0

 

 

 

236

 

 

 

0

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

613

 

 

 

69

 

 

 

386

 

 

 

545

 

Home equity lines of credit

 

 

170

 

 

 

0

 

 

 

119

 

 

 

109

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

 

140

 

 

 

15

 

 

 

89

 

 

 

95

 

Total acquired loans

 

$

2,091

 

 

$

103

 

 

$

2,280

 

 

$

749

 

Total loans

 

$

6,663

 

 

$

1,032

 

 

$

6,489

 

 

$

1,681

 

 

The following tables present the aging of the recorded investment in past due loans as of December 31, 2017 and 2016 by class of loans: 

 

December 31, 2017

 

30-59

Days Past

Due

 

 

60-89

Days Past

Due

 

 

90 Days or More Past Due

and Nonaccrual

 

 

Total Past

Due

 

 

Loans Not

Past Due

 

 

Total

 

Originated loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

$

4

 

 

$

340

 

 

$

501

 

 

$

845

 

 

$

139,081

 

 

$

139,926

 

Non-owner occupied

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

198,588

 

 

 

198,588

 

Farmland

 

 

0

 

 

 

0

 

 

 

45

 

 

 

45

 

 

 

70,398

 

 

 

70,443

 

Other

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

88,703

 

 

 

88,703

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

292

 

 

 

3

 

 

 

249

 

 

 

544

 

 

 

192,335

 

 

 

192,879

 

Agricultural

 

 

74

 

 

 

0

 

 

 

2

 

 

 

76

 

 

 

32,605

 

 

 

32,681

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

2,044

 

 

 

403

 

 

 

3,046

 

 

 

5,493

 

 

 

266,338

 

 

 

271,831

 

Home equity lines of credit

 

 

155

 

 

 

18

 

 

 

610

 

 

 

783

 

 

 

70,754

 

 

 

71,537

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indirect

 

 

2,429

 

 

 

829

 

 

 

818

 

 

 

4,076

 

 

 

156,772

 

 

 

160,848

 

Direct

 

 

632

 

 

 

250

 

 

 

216

 

 

 

1,098

 

 

 

27,608

 

 

 

28,706

 

Other

 

 

115

 

 

 

11

 

 

 

14

 

 

 

140

 

 

 

8,736

 

 

 

8,876

 

Total originated loans:

 

$

5,745

 

 

$

1,854

 

 

$

5,501

 

 

$

13,100

 

 

$

1,251,918

 

 

$

1,265,018

 

Acquired loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

$

0

 

 

$

0

 

 

$

0

 

 

$

0

 

 

$

53,051

 

 

$

53,051

 

Non-owner occupied

 

 

0

 

 

 

0

 

 

 

216

 

 

 

216

 

 

 

20,042

 

 

 

20,258

 

Farmland

 

 

454

 

 

 

0

 

 

 

0

 

 

 

454

 

 

 

47,301

 

 

 

47,755

 

Other

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

11,976

 

 

 

11,976

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

327

 

 

 

96

 

 

 

962

 

 

 

1,385

 

 

 

25,709

 

 

 

27,094

 

Agricultural

 

 

87

 

 

 

0

 

 

 

9

 

 

 

96

 

 

 

12,111

 

 

 

12,207

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

858

 

 

 

77

 

 

 

682

 

 

 

1,617

 

 

 

95,144

 

 

 

96,761

 

Home equity lines of credit

 

 

161

 

 

 

0

 

 

 

170

 

 

 

331

 

 

 

28,424

 

 

 

28,755

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

 

380

 

 

 

151

 

 

 

155

 

 

 

686

 

 

 

13,692

 

 

 

14,378

 

Other

 

 

0

 

 

 

1

 

 

 

0

 

 

 

1

 

 

 

127

 

 

 

128

 

Total acquired loans

 

$

2,267

 

 

$

325

 

 

$

2,194

 

 

$

4,786

 

 

$

307,577

 

 

$

312,363

 

Total loans

 

$

8,012

 

 

$

2,179

 

 

$

7,695

 

 

$

17,886

 

 

$

1,559,495

 

 

$

1,577,381

 

 

December 31, 2016

 

30-59

Days Past

Due

 

 

60-89

Days Past

Due

 

 

90 Days or More Past Due

and Nonaccrual

 

 

Total Past

Due

 

 

Loans Not

Past Due

 

 

Total

 

Originated loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

$

0

 

 

$

0

 

 

$

958

 

 

$

958

 

 

$

108,475

 

 

$

109,433

 

Non-owner occupied

 

 

0

 

 

 

0

 

 

 

343

 

 

 

343

 

 

 

165,105

 

 

 

165,448

 

Farmland

 

 

0

 

 

 

0

 

 

 

58

 

 

 

58

 

 

 

34,057

 

 

 

34,115

 

Other

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

70,542

 

 

 

70,542

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

90

 

 

 

0

 

 

 

400

 

 

 

490

 

 

 

170,242

 

 

 

170,732

 

Agricultural

 

 

0

 

 

 

29

 

 

 

12

 

 

 

41

 

 

 

24,632

 

 

 

24,673

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

3,368

 

 

 

356

 

 

 

2,224

 

 

 

5,948

 

 

 

217,752

 

 

 

223,700

 

Home equity lines of credit

 

 

77

 

 

 

37

 

 

 

320

 

 

 

434

 

 

 

59,248

 

 

 

59,682

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indirect

 

 

2,844

 

 

 

696

 

 

 

736

 

 

 

4,276

 

 

 

157,437

 

 

 

161,713

 

Direct

 

 

744

 

 

 

213

 

 

 

74

 

 

 

1,031

 

 

 

25,815

 

 

 

26,846

 

Other

 

 

92

 

 

 

28

 

 

 

16

 

 

 

136

 

 

 

7,476

 

 

 

7,612

 

Total originated loans:

 

$

7,215

 

 

$

1,359

 

 

$

5,141

 

 

$

13,715

 

 

$

1,040,781

 

 

$

1,054,496

 

Acquired loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

$

8

 

 

$

205

 

 

$

85

 

 

$

298

 

 

$

60,630

 

 

$

60,928

 

Non-owner occupied

 

 

134

 

 

 

0

 

 

 

0

 

 

 

134

 

 

 

24,815

 

 

 

24,949

 

Farmland

 

 

83

 

 

 

0

 

 

 

380

 

 

 

463

 

 

 

53,741

 

 

 

54,204

 

Other

 

 

0

 

 

 

0

 

 

 

24

 

 

 

24

 

 

 

14,642

 

 

 

14,666

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

278

 

 

 

0

 

 

 

961

 

 

 

1,239

 

 

 

32,387

 

 

 

33,626

 

Agricultural

 

 

21

 

 

 

0

 

 

 

236

 

 

 

257

 

 

 

15,767

 

 

 

16,024

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

1,556

 

 

 

504

 

 

 

931

 

 

 

2,991

 

 

 

109,027

 

 

 

112,018

 

Home equity lines of credit

 

 

152

 

 

 

9

 

 

 

228

 

 

 

389

 

 

 

34,406

 

 

 

34,795

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

 

938

 

 

 

184

 

 

 

184

 

 

 

1,306

 

 

 

20,376

 

 

 

21,682

 

Other

 

 

100

 

 

 

0

 

 

 

0

 

 

 

100

 

 

 

147

 

 

 

247

 

Total acquired loans

 

$

3,270

 

 

$

902

 

 

$

3,029

 

 

$

7,201

 

 

$

365,938

 

 

$

373,139

 

Total loans

 

$

10,485

 

 

$

2,261

 

 

$

8,170

 

 

$

20,916

 

 

$

1,406,719

 

 

$

1,427,635

 

 

Troubled Debt Restructurings:

Total troubled debt restructurings were $5.0 million and $7.0 million at December 31, 2017 and 2016 respectively.  The Company has allocated $68 thousand and $101 thousand of specific reserves to customers whose loan terms have been modified in troubled debt restructurings as of December 31, 2017 and 2016, respectively.  There were no commitments to lend additional amounts to borrowers with loans that were classified as troubled debt restructurings at December 31, 2017 and 2016.   

During the years ending December 31, 2017, 2016 and 2015, the terms of certain loans were modified as troubled debt restructurings.  The modification of the terms of such loans included one or a combination of the following: a reduction of the stated interest rate of the loan; an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk; a permanent increase of the recorded investment in the loan due to a protective advance to pay delinquent real estate taxes or advance new monies; an extension of an interest only period; a deferral of principal payments; or a legal concession.

Troubled debt restructuring modifications involved a reduction of the notes stated interest rate in the range of 0.49% to 11.51%.  There were also extensions of the maturity dates on these and other troubled debt restructurings in the range of six months to 132 months.

 

The following tables present loans by class modified as troubled debt restructurings that occurred during the years ending December 31, 2017, 2016 and 2015:

 

 

 

 

 

 

 

Pre-

Modification

 

 

Post-

Modification

 

December 31, 2017

 

Number of

 

 

Outstanding

Recorded

 

 

Outstanding

Recorded

 

Troubled Debt Restructurings:

 

Loans

 

 

Investment

 

 

Investment

 

Originated loans:

 

 

 

 

 

 

 

 

 

 

 

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

15

 

 

$

910

 

 

$

917

 

Home equity lines of credit

 

 

10

 

 

 

234

 

 

 

234

 

Indirect

 

 

29

 

 

 

161

 

 

 

161

 

Total originated loans

 

 

54

 

 

$

1,305

 

 

$

1,312

 

Acquired loans:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

1

 

 

$

13

 

 

$

13

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

3

 

 

 

85

 

 

 

85

 

Home equity lines of credit

 

 

1

 

 

 

57

 

 

 

57

 

Consumer

 

 

2

 

 

 

55

 

 

 

55

 

Total acquired loans

 

 

7

 

 

$

210

 

 

$

210

 

Total loans

 

 

61

 

 

$

1,515

 

 

$

1,522

 

 

The troubled debt restructurings described above increased the allowance for loan losses by $75 thousand and resulted in charge offs of $75 thousand during the year ended December 31, 2017.

 

 

 

 

 

 

 

Pre-

Modification

 

 

Post-

Modification

 

December 31, 2016

 

Number of

 

 

Outstanding

Recorded

 

 

Outstanding

Recorded

 

Troubled Debt Restructurings:

 

Loans

 

 

Investment

 

 

Investment

 

Originated loans:

 

 

 

 

 

 

 

 

 

 

 

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

15

 

 

$

436

 

 

$

437

 

Home equity lines of credit

 

 

1

 

 

 

40

 

 

 

40

 

Indirect

 

 

26

 

 

 

182

 

 

 

182

 

Consumer

 

 

2

 

 

 

12

 

 

 

12

 

Total originated loans

 

 

44

 

 

$

670

 

 

$

671

 

Acquired loans:

 

 

 

 

 

 

 

 

 

 

 

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

4

 

 

 

153

 

 

 

153

 

Home equity lines of credit

 

 

1

 

 

 

18

 

 

 

18

 

Consumer

 

 

2

 

 

 

40

 

 

 

40

 

Total acquired loans

 

 

7

 

 

$

211

 

 

$

211

 

Total loans

 

 

51

 

 

$

881

 

 

$

882

 

The troubled debt restructurings described above increased the allowance for loan losses by $43 thousand and resulted in charge offs of $344 thousand during the year ended December 31, 2016.

 

 

 

 

 

 

 

 

Pre-

Modification

 

 

Post-

Modification

 

December 31, 2015

 

Number of

 

 

Outstanding

Recorded

 

 

Outstanding

Recorded

 

Troubled Debt Restructurings:

 

Loans

 

 

Investment

 

 

Investment

 

Originated loans:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

 

2

 

 

$

801

 

 

$

801

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

1

 

 

 

8

 

 

 

8

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

13

 

 

 

760

 

 

 

760

 

Home equity lines of credit

 

 

2

 

 

 

60

 

 

 

60

 

Indirect

 

 

12

 

 

 

104

 

 

 

104

 

Consumer

 

 

1

 

 

 

8

 

 

 

8

 

Total originated loans

 

 

31

 

 

$

1,741

 

 

$

1,741

 

Acquired loans:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

2

 

 

 

957

 

 

 

957

 

Total loans

 

 

33

 

 

$

2,698

 

 

$

2,698

 

 

The troubled debt restructurings described above increased the allowance for loan losses by $101 thousand and resulted in charge offs of $129 thousand during the year ended December 31, 2015.

 

There were no loans for which there were payment defaults within twelve months following the modification of the troubled debt restructuring during the year December 31, 2017.  A loan is considered to be in payment default once it is 30 days contractually past due under the modified terms.

There were two commercial real estate loans for $1.2 million, one residential real estate loan for $1 thousand and one home equity line of credit for $10 thousand modified as troubled debt restructurings for which there were payment defaults within twelve months following the modification during the year December 31, 2016.  None of the loans were past due at December 31, 2016.  There was no effect on the provision for loan losses as a result of this default during 2016.

There was one commercial real estate loan for $40 thousand, one residential real estate loan for $1 thousand and one home equity line of credit for $11 thousand modified as troubled debt restructurings for which there were payment defaults within twelve months following the modification during the year December 31, 2015.  All three loans were past due at December 31, 2015.  There was no effect of the provision for loan losses as a result of this default during 2015.

Credit Quality Indicators:

The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors.  The Company establishes a risk rating at origination for all commercial loan and commercial real estate relationships.  For relationships over $750 thousand management monitors the loans on an ongoing basis for any changes in the borrower’s ability to service their debt.  Management also affirms the risk ratings for the loans and leases in their respective portfolios on an annual basis.  The Company uses the following definitions for risk ratings:

Special Mention. Loans classified as special mention have a potential weakness that deserves management’s close attention.  If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date.  Special mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification.

Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any.  Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt.  They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.

Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable.

Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans.

Based on the most recent analysis performed, the risk category of loans by class of loans is as follows:

 

December 31, 2017

 

Pass

 

 

Special

Mention

 

 

Sub

standard

 

 

Total

 

Originated loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

$

137,913

 

 

$

442

 

 

$

1,571

 

 

$

139,926

 

Non-owner occupied

 

 

198,043

 

 

 

419

 

 

 

126

 

 

 

198,588

 

Farmland

 

 

70,354

 

 

 

44

 

 

 

45

 

 

 

70,443

 

Other

 

 

88,421

 

 

 

36

 

 

 

246

 

 

 

88,703

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

184,444

 

 

 

5,326

 

 

 

3,109

 

 

 

192,879

 

Agricultural

 

 

32,291

 

 

 

192

 

 

 

198

 

 

 

32,681

 

Total originated loans

 

$

711,466

 

 

$

6,459

 

 

$

5,295

 

 

$

723,220

 

Acquired loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

$

51,133

 

 

$

466

 

 

$

1,452

 

 

$

53,051

 

Non-owner occupied

 

 

19,823

 

 

 

63

 

 

 

372

 

 

 

20,258

 

Farmland

 

 

43,694

 

 

 

3,304

 

 

 

757

 

 

 

47,755

 

Other

 

 

11,299

 

 

 

567

 

 

 

110

 

 

 

11,976

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

25,286

 

 

 

2

 

 

 

1,806

 

 

 

27,094

 

Agricultural

 

 

11,200

 

 

 

554

 

 

 

453

 

 

 

12,207

 

Total acquired loans

 

$

162,435

 

 

$

4,956

 

 

$

4,950

 

 

$

172,341

 

Total loans

 

$

873,901

 

 

$

11,415

 

 

$

10,245

 

 

$

895,561

 

 

December 31, 2016

 

Pass

 

 

Special

Mention

 

 

Sub

standard

 

 

Total

 

Originated loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

$

106,448

 

 

$

490

 

 

$

2,495

 

 

$

109,433

 

Non-owner occupied

 

 

162,465

 

 

 

522

 

 

 

2,461

 

 

 

165,448

 

Farmland

 

 

34,057

 

 

 

0

 

 

 

58

 

 

 

34,115

 

Other

 

 

69,947

 

 

 

325

 

 

 

270

 

 

 

70,542

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

167,062

 

 

 

2,720

 

 

 

950

 

 

 

170,732

 

Agricultural

 

 

24,395

 

 

 

253

 

 

 

25

 

 

 

24,673

 

Total originated loans

 

$

564,374

 

 

$

4,310

 

 

$

6,259

 

 

$

574,943

 

Acquired loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

$

58,655

 

 

$

707

 

 

$

1,566

 

 

$

60,928

 

Non-owner occupied

 

 

23,577

 

 

 

1,195

 

 

 

177

 

 

 

24,949

 

Farmland

 

 

53,039

 

 

 

0

 

 

 

1,165

 

 

 

54,204

 

Other

 

 

14,060

 

 

 

464

 

 

 

142

 

 

 

14,666

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

30,543

 

 

 

311

 

 

 

2,772

 

 

 

33,626

 

Agricultural

 

 

14,856

 

 

 

685

 

 

 

483

 

 

 

16,024

 

Total acquired loans

 

$

194,730

 

 

$

3,362

 

 

$

6,305

 

 

$

204,397

 

Total loans

 

$

759,104

 

 

$

7,672

 

 

$

12,564

 

 

$

779,340

 

 

The Company considers the performance of the loan portfolio and its impact on the allowance for loan losses.  For residential, consumer and indirect loan classes, the Company also evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity.

The following table presents the recorded investment in residential, consumer and indirect auto loans based on payment activity.  Nonperforming loans are loans past due 90 days and still accruing interest and nonaccrual loans.

 

 

 

Residential Real Estate

 

 

Consumer

 

December 31, 2017

 

1-4 Family Residential

 

 

Home Equity Lines of Credit

 

 

Indirect

 

 

Direct

 

 

Other

 

Originated loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

268,785

 

 

$

70,927

 

 

$

160,030

 

 

$

28,490

 

 

$

8,862

 

Nonperforming

 

 

3,046

 

 

 

610

 

 

 

818

 

 

 

216

 

 

 

14

 

Total originated loans

 

$

271,831

 

 

$

71,537

 

 

$

160,848

 

 

$

28,706

 

 

$

8,876

 

Acquired loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

 

96,079

 

 

 

28,585

 

 

 

0

 

 

 

14,223

 

 

 

128

 

Nonperforming

 

 

682

 

 

 

170

 

 

 

0

 

 

 

155

 

 

 

0

 

Total acquired loans

 

$

96,761

 

 

$

28,755

 

 

$

0

 

 

$

14,378

 

 

$

128

 

Total loans

 

$

368,592

 

 

$

100,292

 

 

$

160,848

 

 

$

43,084

 

 

$

9,004

 

 

 

 

Residential Real Estate

 

 

Consumer

 

December 31, 2016

 

1-4 Family Residential

 

 

Home Equity Lines of Credit

 

 

Indirect

 

 

Direct

 

 

Other

 

Originated loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

221,476

 

 

$

59,362

 

 

$

160,977

 

 

$

26,772

 

 

$

7,596

 

Nonperforming

 

 

2,224

 

 

 

320

 

 

 

736

 

 

 

74

 

 

 

16

 

Total originated loans

 

$

223,700

 

 

$

59,682

 

 

$

161,713

 

 

$

26,846

 

 

$

7,612

 

Acquired loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

 

111,087

 

 

 

34,567

 

 

 

0

 

 

 

21,498

 

 

 

247

 

Nonperforming

 

 

931

 

 

 

228

 

 

 

0

 

 

 

184

 

 

 

0

 

Total acquired loans

 

$

112,018

 

 

$

34,795

 

 

$

0

 

 

$

21,682

 

 

$

247

 

Total loans

 

$

335,718

 

 

$

94,477

 

 

$

161,713

 

 

$

48,528

 

 

$

7,859