XML 37 R26.htm IDEA: XBRL DOCUMENT v3.4.0.3
Loans and Related Allowace for Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2016
Loans and Related Allowance for Credit Losses [Abstract]  
Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating

The following tables present the classes of the loan portfolio summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company’s internal risk rating system as of March 31, 2016 and December 31, 2015 (in thousands): 





 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of March 31, 2016

Pass

 

Special Mention

 

Substandard

 

Doubtful

 

Total



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial, financial and agricultural

$

 33,437 

 

$

 1,835 

 

$

 1,115 

 

$

 -

 

$

 36,387 

Real estate - commercial

 

 105,083 

 

 

 15,548 

 

 

 3,250 

 

 

 1,242 

 

 

 125,123 

Real estate - construction

 

 16,736 

 

 

 6,969 

 

 

 3,778 

 

 

 -

 

 

 27,483 

Real estate - mortgage

 

 149,096 

 

 

 6,066 

 

 

 4,434 

 

 

 1,397 

 

 

 160,993 

Obligations of states and political subdivisions

 

 20,339 

 

 

 432 

 

 

 

 

 

 -

 

 

 20,771 

Personal

 

 7,664 

 

 

 72 

 

 

 13 

 

 

 -

 

 

 7,749 

Total

$

 332,355 

 

$

 30,922 

 

$

 12,590 

 

$

 2,639 

 

$

 378,506 





 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2015

Pass

 

Special Mention

 

Substandard

 

Doubtful

 

Total



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial, financial and agricultural

$

 30,814 

 

$

 1,853 

 

$

 1,504 

 

$

 -

 

$

 34,171 

Real estate - commercial

 

 106,629 

 

 

 16,067 

 

 

 3,274 

 

 

 1,243 

 

 

 127,213 

Real estate - construction

 

 16,351 

 

 

 7,024 

 

 

 3,297 

 

 

 -

 

 

 26,672 

Real estate - mortgage

 

 152,161 

 

 

 6,595 

 

 

 4,656 

 

 

 1,205 

 

 

 164,617 

Obligations of states and political subdivisions

 

 17,069 

 

 

 455 

 

 

 

 

 

 -

 

 

 17,524 

Personal

 

 6,787 

 

 

 56 

 

 

 3 

 

 

 -

 

 

 6,846 

Total

$

 329,811 

 

$

 32,050 

 

$

 12,734 

 

$

 2,448 

 

$

 377,043 



Impaired Loans by Loan Portfolio Class

The following tables summarize information regarding impaired loans by portfolio class as of March 31, 2016 and December 31, 2015 (in thousands):









 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

As of March 31, 2016

 

 

As of December 31, 2015

Impaired loans

 

Recorded Investment

 

Unpaid Principal Balance

 

Related Allowance

 

Recorded Investment

 

Unpaid Principal Balance

 

Related Allowance

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial, financial and agricultural

 

$

 19 

 

$

 19 

 

$

 -

 

$

 475 

 

$

 475 

 

$

 -

Real estate - commercial

 

 

 1,816 

 

 

 2,004 

 

 

 -

 

 

 1,851 

 

 

 2,024 

 

 

 -

 Acquired with credit deterioration

 

 

 819 

 

 

 893 

 

 

 -

 

 

 834 

 

 

 893 

 

 

 -

Real estate - mortgage

 

 

 2,203 

 

 

 3,699 

 

 

 -

 

 

 2,636 

 

 

 4,127 

 

 

 -

 Acquired with credit deterioration

 

 

 623 

 

 

 641 

 

 

 -

 

 

 630 

 

 

 642 

 

 

 -

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate - mortgage

 

$

 330 

 

$

 331 

 

$

 60 

 

$

 -

 

$

 -

 

$

 -

Total:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial, financial and agricultural

 

$

 19 

 

$

 19 

 

$

 -

 

$

 475 

 

$

 475 

 

$

 -

Real estate - commercial

 

 

 1,816 

 

 

 2,004 

 

 

 -

 

 

 1,851 

 

 

 2,024 

 

 

 -

 Acquired with credit deterioration

 

 

 819 

 

 

 893 

 

 

 -

 

 

 834 

 

 

 893 

 

 

 -

Real estate - mortgage

 

 

 2,533 

 

 

 4,030 

 

 

 60 

 

 

 2,636 

 

 

 4,127 

 

 

 -

 Acquired with credit deterioration

 

 

 623 

 

 

 641 

 

 

 -

 

 

 630 

 

 

 642 

 

 

 -



 

$

 5,810 

 

$

 7,587 

 

$

 60 

 

$

 6,426 

 

$

 8,161 

 

$

 -

















 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended March 31, 2016

 

Three Months Ended March 31, 2015

Impaired loans

 

Average Recorded Investment

 

Interest Income Recognized

 

Cash Basis Interest Income

 

Average Recorded Investment

 

Interest Income Recognized

 

Cash Basis Interest Income

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial, financial and agricultural

 

$

 247 

 

$

 -

 

$

 -

 

$

 1 

 

$

 -

 

$

 -

Real estate - commercial

 

 

 1,834 

 

 

 9 

 

 

 -

 

 

 2,242 

 

 

 11 

 

 

 6 

 Acquired with credit deterioration

 

 

 827 

 

 

 -

 

 

 

 

 

 -

 

 

 -

 

 

 -

Real estate - construction

 

 

 -

 

 

 -

 

 

 -

 

 

 169 

 

 

 -

 

 

 -

Real estate - mortgage

 

 

 2,420 

 

 

 4 

 

 

 6 

 

 

 2,919 

 

 

 10 

 

 

 7 

 Acquired with credit deterioration

 

 

 627 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate - commercial

 

$

 -

 

$

 -

 

$

 -

 

$

 101 

 

$

 -

 

$

 -

Real estate - construction

 

 

 -

 

 

 -

 

 

 -

 

 

 168 

 

 

 -

 

 

 -

Real estate - mortgage

 

 

 165 

 

 

 -

 

 

 -

 

 

 777 

 

 

 -

 

 

 -

Total:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial, financial and agricultural

 

$

 247 

 

$

 -

 

$

 -

 

$

 1 

 

$

 -

 

$

 -

Real estate - commercial

 

 

 1,834 

 

 

 9 

 

 

 -

 

 

 2,343 

 

 

 11 

 

 

 6 

 Acquired with credit deterioration

 

 

 827 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Real estate - construction

 

 

 -

 

 

 -

 

 

 -

 

 

 337 

 

 

 -

 

 

 -

Real estate - mortgage

 

 

 2,585 

 

 

 4 

 

 

 6 

 

 

 3,696 

 

 

 10 

 

 

 7 

 Acquired with credit deterioration

 

 

 627 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -



 

$

 6,120 

 

$

 13 

 

$

 6 

 

$

 6,377 

 

$

 21 

 

$

 13 



















Nonaccrual Loans by Classes of the Loan Portfolio

The following table presents nonaccrual loans by classes of the loan portfolio as of March 31, 2016 and December 31, 2015 (in thousands):







 

 

 

 

 

Nonaccrual loans:

 

March 31, 2016

 

 

December 31, 2015

Commercial, financial and agricultural

$

 19 

 

$

 -

Real estate - commercial

 

 1,281 

 

 

 1,286 

Real estate - mortgage

 

 2,406 

 

 

 2,402 

Total

$

 3,706 

 

$

 3,688 



Loan Portfolio Summarized by the Past Due Status

The following table presents the classes of the loan portfolio summarized by the past due status as of March 31, 2016 and December 31, 2015 (in thousands):





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of  March 31, 2016

 

30-59 Days Past Due

 

 

60-89 Days Past Due

 

 

Greater than 90 Days

 

 

Total Past Due

 

 

Current

 

 

Total Loans

 

 

Loans Past Due greater than 90 Days and Accruing



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial, financial and agricultural

$

 57 

 

 

 53 

 

 

 19 

 

$

 129 

 

$

 36,258 

 

$

 36,387 

 

$

 -

Real estate - commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Real estate - commercial

 

 24 

 

 

 -

 

 

 1,242 

 

 

 1,266 

 

 

 123,038 

 

 

 124,304 

 

 

 -

  Acquired with credit deterioration

 

 211 

 

 

 -

 

 

 608 

 

 

 819 

 

 

 -

 

 

 819 

 

 

 608 

Real estate - construction

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 27,483 

 

 

 27,483 

 

 

 -

Real estate - mortgage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Real estate - mortgage

 

 1,962 

 

 

 255 

 

 

 1,842 

 

 

 4,059 

 

 

 156,311 

 

 

 160,370 

 

 

 27 

  Acquired with credit deterioration

 

 183 

 

 

 -

 

 

 118 

 

 

 301 

 

 

 322 

 

 

 623 

 

 

 118 

Obligations of states and political subdivisions

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 20,771 

 

 

 20,771 

 

 

 -

Personal

 

 44 

 

 

 -

 

 

 -

 

 

 44 

 

 

 7,705 

 

 

 7,749 

 

 

 -

Total

$

 2,481 

 

$

 308 

 

$

 3,829 

 

$

 6,618 

 

$

 371,888 

 

$

 378,506 

 

$

 753 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of  December 31, 2015

 

30-59 Days Past Due

 

 

60-89 Days Past Due

 

 

Greater than 90 Days

 

 

Total Past Due

 

 

Current

 

 

Total Loans

 

 

Loans Past Due greater than 90 Days and Accruing



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial, financial and agricultural

$

 92 

 

 

 -

 

 

 -

 

$

 92 

 

$

 34,079 

 

$

 34,171 

 

$

 -

Real estate - commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 -

 

 

 

  Real estate - commercial

 

 112 

 

 

 124 

 

 

 1,243 

 

 

 1,479 

 

 

 124,900 

 

 

 126,379 

 

 

 -

  Acquired with credit deterioration

 

 -

 

 

 175 

 

 

 443 

 

 

 618 

 

 

 216 

 

 

 834 

 

 

 443 

Real estate - construction

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 26,672 

 

 

 26,672 

 

 

 -

Real estate - mortgage

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 

  Real estate - mortgage

 

 1,038 

 

 

 761 

 

 

 1,669 

 

 

 3,468 

 

 

 160,519 

 

 

 163,987 

 

 

 -

  Acquired with credit deterioration

 

 -

 

 

 61 

 

 

 119 

 

 

 180 

 

 

 450 

 

 

 630 

 

 

 119 

Obligations of states and political subdivisions

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 17,524 

 

 

 17,524 

 

 

 -

Personal

 

 56 

 

 

 48 

 

 

 2 

 

 

 106 

 

 

 6,740 

 

 

 6,846 

 

 

 2 

Total

$

 1,298 

 

$

 1,169 

 

$

 3,476 

 

$

 5,943 

 

$

 371,100 

 

$

 377,043 

 

$

 564 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Troubled Debt Restructurings on Financing Receivables

The following table summarizes information regarding troubled debt restructurings by loan portfolio class at March 31, 2016 and December 31, 2015, in thousands of dollars. 





 

 

 

 

 

 

 

 

 

 



Number of Contracts

 

Pre-Modification Outstanding Recorded Investment

 

Post-Modification Outstanding Recorded Investment

 

Recorded Investment

As of March 31, 2016

 

 

 

 

 

 

 

 

 

 

Accruing troubled debt restructurings:

 

 

 

 

 

 

 

 

 

 

   Real estate - commercial

1

 

$

 148 

 

$

 148 

 

$

 140 

Real estate - mortgage

6

 

 

 254 

 

 

 282 

 

 

 228 



7

 

$

 402 

 

$

 430 

 

$

 368 



 

 

 

 

 

 

 

 

 

 

As of December 31, 2015

 

 

 

 

 

 

 

 

 

 

Accruing troubled debt restructurings:

 

 

 

 

 

 

 

 

 

 

   Real estate - commercial

1

 

$

 148 

 

$

 148 

 

$

 142 

Real estate - mortgage

6

 

 

 254 

 

 

 282 

 

 

 234 



7

 

$

 402 

 

$

 430 

 

$

 376 



Allowance for Loan Losses and Related Investments in Loans Receivable

The following tables summarize the activity in the allowance for loan losses and related investments in loans receivable (in thousands):

As of, and for the periods ended, March 31, 2016







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses:

Commercial, financial and agricultural

 

Real estate - commercial

 

Real estate - construction

 

Real estate - mortgage

 

Obligations of states and political subdivisions

 

Personal

 

Total

Beginning balance, January 1, 2016

$

 264 

 

$

 836 

 

$

 191 

 

$

 1,140 

 

$

 -

 

$

 47 

 

$

 2,478 

   Charge-offs

 

 -

 

 

 (32)

 

 

 -

 

 

 (18)

 

 

 -

 

 

 (4)

 

 

 (54)

   Recoveries

 

 -

 

 

 -

 

 

 -

 

 

 1 

 

 

 -

 

 

 8 

 

 

 9 

   Provisions

 

 27 

 

 

 17 

 

 

 7 

 

 

 61 

 

 

 -

 

 

 9 

 

 

 121 

Ending balance, March 31, 2016

$

 291 

 

$

 821 

 

$

 198 

 

$

 1,184 

 

$

 -

 

$

 60 

 

$

 2,554 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 









 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Commercial, financial and agricultural

 

Real estate - commercial

 

Real estate - construction

 

Real estate - mortgage

 

Obligations of states and political subdivisions

 

Personal

 

Total

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

$

 291 

 

$

 821 

 

$

 198 

 

$

 1,184 

 

$

 -

 

$

 60 

 

$

 2,554 

evaluated for impairment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

individually

$

 -

 

$

 -

 

$

 -

 

$

 60 

 

$

 -

 

$

 -

 

$

 60 

collectively

$

 291 

 

$

 821 

 

$

 198 

 

$

 1,124 

 

$

 -

 

$

 60 

 

$

 2,494 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

$

 36,387 

 

$

 125,123 

 

$

 27,483 

 

$

 160,993 

 

$

 20,771 

 

$

 7,749 

 

$

 378,506 

evaluated for impairment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

individually

$

 19 

 

$

 1,816 

 

$

 -

 

$

 2,533 

 

$

 -

 

$

 -

 

$

 4,368 

collectively

$

 36,368 

 

$

 122,488 

 

$

 27,483 

 

$

 157,837 

 

$

 20,771 

 

$

 7,749 

 

$

 372,696 

acquired with credit deterioration

 

 -

 

 

 819 

 

 

 -

 

 

 623 

 

 

 -

 

 

 -

 

 

 1,442 





As of, and for the periods ended, March 31, 2015























 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses:

Commercial, financial and agricultural

 

Real estate - commercial

 

Real estate - construction

 

Real estate - mortgage

 

Obligations of states and political subdivisions

 

Personal

 

Total

Beginning balance, January 1, 2015

$

 222 

 

$

 665 

 

$

 155 

 

$

 1,300 

 

$

 -

 

$

 38 

 

$

 2,380 

   Charge-offs

 

 -

 

 

 -

 

 

 -

 

 

 (32)

 

 

 -

 

 

 (1)

 

 

 (33)

   Recoveries

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 2 

 

 

 2 

   Provisions

 

 (6)

 

 

 41 

 

 

 19 

 

 

 -

 

 

 -

 

 

 (4)

 

 

 50 

Ending balance, March 31, 2015

$

 216 

 

$

 706 

 

$

 174 

 

$

 1,268 

 

$

 -

 

$

 35 

 

$

 2,399 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Commercial, financial and agricultural

 

Real estate - commercial

 

Real estate - construction

 

Real estate - mortgage

 

Obligations of states and political subdivisions

 

Personal

 

Total

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

$

 216 

 

$

 706 

 

$

 174 

 

$

 1,268 

 

$

 -

 

$

 35 

 

$

 2,399 

evaluated for impairment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

individually

$

 -

 

$

 40 

 

$

 24 

 

$

 132 

 

$

 -

 

$

 -

 

$

 196 

collectively

$

 216 

 

$

 666 

 

$

 150 

 

$

 1,136 

 

$

 -

 

$

 35 

 

$

 2,203 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

$

 25,250 

 

$

 90,427 

 

$

 20,224 

 

$

 137,842 

 

$

 13,915 

 

$

 3,831 

 

$

 291,489 

evaluated for impairment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

individually

$

 -

 

$

 2,421 

 

$

 336 

 

$

 3,440 

 

$

 -

 

$

 -

 

$

 6,197 

collectively

$

 25,250 

 

$

 88,006 

 

$

 19,888 

 

$

 134,402 

 

$

 13,915 

 

$

 3,831 

 

$

 285,292 





As of December 31, 2015











 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2015

Commercial, financial and agricultural

 

Real estate - commercial

 

Real estate - construction

 

Real estate - mortgage

 

Obligations of states and political subdivisions

 

Personal

 

Total

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

$

 264 

 

$

 836 

 

$

 191 

 

$

 1,140 

 

$

 -

 

$

 47 

 

$

 2,478 

evaluated for impairment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

individually

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$

 -

collectively

$

 264 

 

$

 836 

 

$

 191 

 

$

 1,140 

 

$

 -

 

$

 47 

 

$

 2,478 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

$

 34,171 

 

$

 127,213 

 

$

 26,672 

 

$

 164,617 

 

$

 17,524 

 

$

 6,846 

 

$

 377,043 

evaluated for impairment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

individually

$

 475 

 

$

 1,851 

 

$

 -

 

$

 2,636 

 

$

 -

 

$

 -

 

$

 4,962 

collectively

$

 33,696 

 

$

 124,528 

 

$

 26,672 

 

$

 161,351 

 

$

 17,524 

 

$

 6,846 

 

$

 370,617 

acquired with credit deterioration

$

 -

 

 

 834 

 

$

 -

 

$

 630 

 

$

 

 

$

 -

 

$

 1,464