XML 22 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
LOANS AND ALLOWANCE (Tables)
 6 Months Ended
Jun. 30, 2013
LOANS AND ALLOWANCE  
Schedule of loans

 

 

 

 

June 30,
2013

 

December 31,
2012

 

Commercial

 

 

 

 

 

Commercial and industrial

 

$

141,595

 

$

134,156

 

Agricultural

 

23,955

 

22,355

 

Commercial Real Estate

 

 

 

 

 

Farm

 

69,550

 

66,119

 

Hotel

 

122,875

 

131,495

 

Construction and development

 

30,380

 

25,208

 

Other

 

511,002

 

507,231

 

Residential

 

 

 

 

 

1-4 family

 

406,961

 

394,195

 

Home equity

 

231,688

 

224,329

 

Consumer

 

 

 

 

 

Direct

 

43,691

 

45,844

 

Indirect

 

1,584

 

2,451

 

Total loans

 

1,583,281

 

1,553,383

 

Allowance for loan losses

 

(28,002

)

(32,227

)

Net loans

 

$

1,555,279

 

$

1,521,156

 

 
Schedule of activity in the allowance for loan losses

 

 

 

 

Commercial

 

Commercial
Real Estate

 

Residential

 

Consumer

 

Total

 

Allowance for loan loss

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2013

 

$

3,894

 

$

24,157

 

$

3,180

 

$

996

 

$

32,227

 

Provision charged to expense

 

487

 

331

 

1,371

 

545

 

2,734

 

Losses charged off

 

(967

)

(4,686

)

(1,319

)

(1,500

)

(8,472

)

Recoveries

 

221

 

306

 

227

 

759

 

1,513

 

Balance, June 30, 2013

 

$

3,635

 

$

20,108

 

$

3,459

 

$

800

 

$

28,002

 

 

 

 

Commercial

 

Commercial
Real Estate

 

Residential

 

Consumer

 

Total

 

Allowance for loan loss

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2012

 

$

5,562

 

$

30,476

 

$

2,972

 

$

879

 

$

39,889

 

Provision charged to expense

 

(795

)

4,091

 

1,709

 

595

 

5,600

 

Losses charged off

 

(277

)

(6,089

)

(1,832

)

(1,506

)

(9,704

)

Recoveries

 

455

 

1,102

 

126

 

821

 

2,504

 

Balance, June 30, 2012

 

$

4,945

 

$

29,580

 

$

2,975

 

$

789

 

$

38,289

 

As of June 30, 2013

 

Commercial

 

Commercial
Real Estate

 

Residential

 

Consumer

 

Total

 

Allowance for loan loss

 

 

 

 

 

 

 

 

 

 

 

Balance, April 1

 

$

4,279

 

$

23,238

 

$

3,263

 

$

948

 

$

31,728

 

Provision charged to expense

 

(38

)

93

 

740

 

205

 

1,000

 

Losses charged off

 

(696

)

(3,478

)

(621

)

(681

)

(5,476

)

Recoveries

 

90

 

255

 

77

 

328

 

750

 

Balance, June 30

 

$

3,635

 

$

20,108

 

$

3,459

 

$

800

 

$

28,002

 

 

As of June 30, 2012

 

Commercial

 

Commercial
Real Estate

 

Residential

 

Consumer

 

Total

 

Allowance for loan loss

 

 

 

 

 

 

 

 

 

 

 

Balance, April 1

 

$

5,331

 

$

30,240

 

$

2,012

 

$

958

 

$

38,541

 

Provision charged to expense

 

(577

)

1,198

 

1,527

 

352

 

2,500

 

Losses charged off

 

(97

)

(2,181

)

(618

)

(887

)

(3,783

)

Recoveries

 

288

 

323

 

54

 

366

 

1,031

 

Balance, June 30

 

$

4,945

 

$

29,580

 

$

2,975

 

$

789

 

$

38,289

 

 
Schedule of balance in the allowance for loan losses and the recorded investment by portfolio segment and impairment method

 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2013

 

 

 

 

 

 

 

 

 

 

 

Ending Balance individually evaluated for impairment

 

$

280

 

$

1,359

 

$

108

 

$

2

 

$

1,749

 

Ending Balance collectively evaluated for impairment

 

3,355

 

18,749

 

3,351

 

798

 

26,253

 

Total ending allowance balance

 

$

3,635

 

$

20,108

 

$

3,459

 

$

800

 

$

28,002

 

Loans

 

 

 

 

 

 

 

 

 

 

 

Ending Balance individually evaluated for impairment

 

$

981

 

$

28,189

 

$

12,679

 

$

903

 

$

42,752

 

Ending Balance collectively evaluated for impairment

 

164,569

 

705,618

 

625,970

 

44,372

 

1,540,529

 

Total ending loan balance excludes $5,222 of accrued interest

 

$

165,550

 

$

733,807

 

$

638,649

 

$

45,275

 

$

1,583,281

 

 

As of December 31, 2012

 

Commercial

 

Commercial
Real Estate

 

Residential

 

Consumer

 

Total

 

Ending Balance individually evaluated for impairment

 

$

150

 

$

3,067

 

$

—

 

$

—

 

$

3,217

 

Ending Balance collectively evaluated for impairment

 

3,744

 

21,090

 

3,180

 

996

 

29,010

 

Total ending allowance balance

 

$

3,894

 

$

24,157

 

$

3,180

 

$

996

 

$

32,227

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

 

 

 

 

 

 

 

 

 

 

Ending Balance individually evaluated for impairment

 

$

1,797

 

$

33,499

 

$

14,175

 

$

1,083

 

$

50,554

 

Ending Balance collectively evaluated for impairment

 

154,714

 

696,554

 

604,349

 

47,212

 

1,502,829

 

Total ending loan balance excludes $5,206 of accrued interest

 

$

156,511

 

$

730,053

 

$

618,524

 

$

48,295

 

$

1,553,383

 

 
Schedule of loans individually evaluated for impairment by class of loans

 

 

June 30, 2013

 

Unpaid
Principal
Balance

 

Recorded
Investment

 

Allowance
for Loan
Losses Allocated

 

Interest
Income
Recognized

 

Cash Basis
Interest
Recognized

 

With an allowance recorded

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

556

 

$

539

 

$

280

 

 

 

 

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

Farm

 

76

 

76

 

22

 

 

 

 

 

Hotel

 

 

 

 

 

 

 

 

 

 

 

Construction and development

 

860

 

778

 

174

 

 

 

 

 

Other

 

9,347

 

8,396

 

1,163

 

 

 

 

 

Residential

 

 

 

 

 

 

 

 

 

 

 

1-4 Family

 

1,102

 

997

 

105

 

 

 

 

 

Home Equity

 

51

 

51

 

3

 

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

Direct

 

129

 

129

 

2

 

 

 

 

 

Subtotal — impaired with allowance recorded

 

12,121

 

10,966

 

1,749

 

 

 

 

 

With no related allowance recorded

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

1,025

 

442

 

 

 

$

23

 

$

23

 

Agricultural

 

—

 

—

 

 

 

—

 

—

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

Farm

 

1,462

 

1,186

 

 

 

34

 

34

 

Hotel

 

—

 

—

 

 

 

—

 

—

 

Construction and development

 

2,105

 

642

 

 

 

2

 

2

 

Other

 

12,442

 

9,412

 

 

 

299

 

299

 

Residential

 

 

 

 

 

 

 

 

 

 

 

1-4 Family

 

10,352

 

9,125

 

 

 

243

 

243

 

Home Equity

 

2,820

 

2,506

 

 

 

44

 

44

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

Direct

 

786

 

761

 

 

 

20

 

20

 

Indirect

 

14

 

13

 

 

 

—

 

—

 

Subtotal — impaired with allowance recorded

 

31,006

 

24,087

 

 

 

665

 

665

 

Total impaired loans

 

$

43,127

 

$

35,053

 

$

1,749

 

$

665

 

$

665

 

 

 

 

December 31, 2012

 

Unpaid
Principal
Balance

 

Recorded
Investment

 

Allowance
for Loan
Losses Allocated

 

Interest
Income
Recognized

 

Cash Basis
Interest
Recognized

 

With an allowance recorded

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

305

 

$

305

 

$

150

 

 

 

 

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

Farm

 

922

 

922

 

442

 

 

 

 

 

Construction and development

 

742

 

644

 

240

 

 

 

 

 

Other

 

9,727

 

9,419

 

2,385

 

 

 

 

 

Subtotal — impaired with allowance recorded

 

11,696

 

11,290

 

3,217

 

 

 

 

 

With no related allowance recorded

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

2,115

 

1,492

 

 

 

$

76

 

$

76

 

Agricultural

 

1

 

—

 

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

Farm

 

741

 

663

 

 

 

9

 

9

 

Hotel

 

6,257

 

5,968

 

 

 

 

 

 

 

Construction and development

 

2,685

 

1,499

 

 

 

108

 

108

 

Other

 

20,047

 

14,384

 

 

 

129

 

129

 

Residential

 

 

 

 

 

 

 

 

 

 

 

1-4 Family

 

13,110

 

11,548

 

 

 

3

 

3

 

Home Equity

 

2,801

 

2,627

 

 

 

17

 

17

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

Direct

 

1,083

 

1,066

 

 

 

9

 

9

 

Indirect

 

19

 

17

 

 

 

7

 

7

 

Subtotal — impaired with allowance recorded

 

48,859

 

39,264

 

 

 

358

 

358

 

Total impaired loans

 

$

60,555

 

$

50,554

 

$

3,217

 

$

358

 

$

358

 
Schedule of average balance of impaired loan information

 

 

At June 30, 2013

 

Three Month
Average Balance

 

Six Month
Average Balance

 

Commercial

 

 

 

 

 

Commercial & industrial

 

$

1,183

 

$

1,387

 

Agricultural

 

 

 

 

 

Commercial Real Estate

 

 

 

 

 

Farm

 

1,437

 

1,486

 

Hotel

 

 

 

1,989

 

Construction and development

 

1,725

 

1,864

 

Other

 

19,529

 

20,953

 

Residential

 

 

 

 

 

1-4 Family

 

10,285

 

10,706

 

Home Equity

 

2,613

 

2,617

 

Consumer

 

 

 

 

 

Direct

 

899

 

955

 

Indirect

 

17

 

17

 

Total

 

$

37,688

 

$

41,974

 

 

At June 30, 2012

 

Three Month
Average Balance

 

Six Month
Average Balance

 

Commercial

 

 

 

 

 

Commercial & industrial

 

$

4,999

 

$

5,028

 

Agricultural

 

28

 

38

 

Commercial Real Estate

 

 

 

 

 

Farm

 

1,048

 

1,038

 

Hotel

 

102

 

1,991

 

Construction and development

 

4,828

 

5,657

 

Other

 

26,591

 

26,743

 

Residential

 

 

 

 

 

1-4 Family

 

12,055

 

12,052

 

Home Equity

 

2,939

 

2,785

 

Consumer

 

 

 

 

 

Direct

 

1,043

 

1,056

 

Indirect

 

61

 

52

 

Total

 

$

53,694

 

$

56,440

 
Schedule of recorded investment in nonaccrual and loans past due over 90 days still on accrual by class of loans

 

 

 

 

Non-accrual

 

Past due over
90 days and
still accruing

 

 

 

June 30, 2013

 

December 31,
2012

 

June 30, 2013

 

December 31,
2012

 

Commercial

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

582

 

$

1,777

 

 

 

 

 

Agricultural

 

 

 

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

Farm

 

1,262

 

1,584

 

 

 

 

 

Hotel

 

 

 

 

 

 

 

 

 

Construction and development

 

947

 

1,657

 

 

 

$

565

 

Other

 

16,494

 

17,442

 

 

 

 

 

Residential

 

 

 

 

 

 

 

 

 

1-4 Family

 

8,851

 

10,392

 

$

372

 

 

 

Home Equity

 

2,136

 

2,216

 

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

Direct

 

224

 

366

 

 

 

 

 

Indirect

 

13

 

17

 

 

 

 

 

Total

 

$

30,509

 

$

35,451

 

$

372

 

$

565

 

 
Schedule of aging of the recorded investment in past due loans

 

June 30, 2013

 

Total
Loans

 

30-59 Days
Past Due

 

60-89 Days
Past Due

 

Greater than
90 Days
Past Due

 

Total
Past Due

 

Loans Not
Past Due

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

141,595

 

$

56

 

$

—

 

$

85

 

$

141

 

$

141,454

 

Agricultural

 

23,955

 

—

 

—

 

—

 

—

 

23,955

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

Farm

 

69,550

 

—

 

—

 

1,140

 

1,140

 

68,410

 

Hotel

 

122,875

 

—

 

—

 

—

 

—

 

122,875

 

Construction and development

 

30,380

 

—

 

89

 

858

 

947

 

29,433

 

Other

 

511,002

 

478

 

812

 

9,910

 

11,200

 

499,802

 

Residential

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 Family

 

406,961

 

2,232

 

1,103

 

5,013

 

8,348

 

398,613

 

Home Equity

 

231,688

 

795

 

310

 

1,392

 

2,497

 

229,191

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

43,691

 

84

 

63

 

137

 

284

 

43,407

 

Indirect

 

1,584

 

7

 

—

 

11

 

18

 

1,566

 

Total — excludes $5,222 of accrued interest

 

$

1,583,281

 

$

3,652

 

$

2,377

 

$

18,546

 

$

24,575

 

$

1,558,706

 

 

December 31, 2012

 

Total
Loans

 

30-59 Days
Past Due

 

60-89 Days
Past Due

 

Greater than
90 Days
Past Due

 

Total
Past Due

 

Loans Not
Past Due

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

134,156

 

$

1,421

 

$

311

 

$

1,094

 

$

2,826

 

$

131,330

 

Agricultural

 

22,355

 

—

 

—

 

—

 

—

 

22,355

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

Farm

 

66,119

 

158

 

—

 

1,417

 

1,575

 

64,544

 

Hotel

 

131,495

 

—

 

—

 

—

 

—

 

131,495

 

Construction and development

 

25,208

 

—

 

—

 

2,121

 

2,121

 

23,087

 

Other

 

507,231

 

2,516

 

1,208

 

10,607

 

14,331

 

492,900

 

Residential

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 Family

 

394,195

 

7,788

 

2,605

 

5,492

 

15,885

 

378,310

 

Home Equity

 

224,329

 

1,170

 

357

 

1,428

 

2,955

 

221,374

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

45,844

 

182

 

49

 

242

 

473

 

45,371

 

Indirect

 

2,451

 

33

 

12

 

5

 

50

 

2,401

 

Total — excludes $5,206 of accrued interest

 

$

1,553,383

 

$

13,268

 

$

4,542

 

$

22,406

 

$

40,216

 

$

1,513,167

 
Schedule of loans by class modified as troubled debt restructurings

 

 

The following table presents loans by class modified as troubled debt restructurings that occurred during the three month period ending June 30, 2013:

 

 

 

 

 

Pre-Modification

 

Post-Modification

 

 

 

 

 

Outstanding Recorded

 

Outstanding Recorded

 

June 30, 2013

 

Number of Loans

 

Investment

 

Investment

 

Commercial

 

 

 

 

 

 

 

Commercial and industrial

 

1

 

$

28

 

$

28

 

Commercial real estate

 

 

 

 

 

 

 

Other

 

1

 

95

 

95

 

Residential

 

 

 

 

 

 

 

1-4 Family

 

2

 

75

 

75

 

Home Equity

 

1

 

20

 

20

 

Total

 

5

 

$

218

 

$

218

 

 

The following table presents loans by class modified as troubled debt restructurings that occurred during the six month period ending June 30, 2013:

 

 

 

 

 

Pre-Modification

 

Post-Modification

 

 

 

 

 

Outstanding Recorded

 

Outstanding Recorded

 

 

 

Number of Loans

 

Investment

 

Investment

 

Commercial

 

 

 

 

 

 

 

Commercial and industrial

 

1

 

$

28

 

$

28

 

Commercial real estate

 

 

 

 

 

 

 

Other real estate

 

3

 

344

 

344

 

Residential

 

 

 

 

 

 

 

1-4 Family

 

5

 

261

 

261

 

Home Equity

 

1

 

20

 

20

 

Consumer

 

 

 

 

 

 

 

Direct

 

1

 

30

 

30

 

Total

 

11

 

$

683

 

$

683

 

 

The following table presents loans by class modified as troubled debt restructurings that occurred during the three month period ending June 30, 2012:

 

 

 

 

 

Pre-Modification

 

Post-Modification

 

 

 

 

 

Outstanding Recorded

 

Outstanding Recorded

 

June 30, 2012

 

Number of Loans

 

Investment

 

Investment

 

Residential

 

 

 

 

 

 

 

Home Equity

 

1

 

$

70

 

$

70

 

Total

 

1

 

$

70

 

$

70

 

 

The following table presents loans by class modified as troubled debt restructurings that occurred during the six month period ending June 30, 2012:

 

 

 

 

 

Pre-Modification

 

Post-Modification

 

 

 

 

 

Outstanding Recorded

 

Outstanding Recorded

 

 

 

Number of Loans

 

Investment

 

Investment

 

Residential

 

 

 

 

 

 

 

Home Equity

 

1

 

$

70

 

$

70

 

Consumer

 

 

 

 

 

 

 

Direct

 

1

 

4

 

4

 

Total

 

2

 

$

74

 

$

74

 

 
Schedule of loans by class modified as troubled debt restructurings for which there was a payment default within twelve months following the modification

The following table presents loans by class modified as troubled debt restructurings for which there was a payment default within twelve months following the modification during the three month period ending June 30, 2013:

 

June 30, 2013

 

Number of Loans

 

Recorded Investment

 

Residential:

 

 

 

 

 

1-4 Family

 

—

 

$

—

 

 

 

 

 

 

 

Total

 

—

 

$

—

 

 

The following table presents loans by class modified as troubled debt restructurings for which there was a payment default within twelve months following the modification during the six month period ending June 30, 2013:

 

 

 

Number of Loans

 

Recorded Investment

 

Residential

 

 

 

 

 

1-4 Family

 

1

 

$

37

 

 

 

 

 

 

 

Total

 

1

 

$

37

 

 

The following table presents loans by class modified as troubled debt restructurings for which there was a payment default within twelve months following the modification during the three month period ending June 30, 2012:

 

 

 

Number of Loans

 

Recorded Investment

 

Commercial

 

 

 

 

 

Commercial and industrial

 

1

 

$

137

 

Commercial real estate:

 

 

 

 

 

Development

 

1

 

323

 

Other

 

2

 

2,019

 

Residential

 

 

 

 

 

Home Equity

 

1

 

12

 

 

 

 

 

 

 

Total

 

5

 

$

2,491

 

 

The following table presents loans by class modified as troubled debt restructurings for which there was a payment default within twelve months following the modification during the six month period ending June 30, 2012:

 

 

 

Number of Loans

 

Recorded Investment

 

Commercial

 

 

 

 

 

Commercial and industrial

 

1

 

$

137

 

Commercial real estate:

 

 

 

 

 

Development

 

1

 

323

 

Other

 

8

 

2,962

 

Residential

 

 

 

 

 

Home Equity

 

1

 

12

 

 

 

 

 

 

 

Total

 

11

 

$

3,434

 

 
Schedule of risk category of loans by class of loans

 

June 30, 2013

 

Pass

 

Special
Mention

 

Substandard

 

Non-accrual

 

Commercial

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

136,263

 

$

3,864

 

$

886

 

$

582

 

Agricultural

 

23,952

 

—

 

3

 

—

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

Farm

 

68,172

 

116

 

—

 

1,262

 

Hotel

 

67,839

 

55,036

 

—

 

—

 

Construction and development

 

26,856

 

1,195

 

1,382

 

947

 

Other

 

455,992

 

25,552

 

12,964

 

16,494

 

Total

 

$

779,074

 

$

85,763

 

$

15,235

 

$

19,285

 

 

 

 

December 31, 2012

 

Pass

 

Special
Mention

 

Substandard

 

Non-accrual

 

Commercial

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

119,755

 

$

9,824

 

$

2,800

 

$

1,777

 

Agricultural

 

22,350

 

—

 

5

 

—

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

Farm

 

63,294

 

1,094

 

147

 

1,584

 

Hotel

 

83,522

 

47,973

 

—

 

—

 

Construction and development

 

18,719

 

1,465

 

3,367

 

1,657

 

Other

 

439,702

 

27,621

 

22,466

 

17,442

 

Total

 

$

747,342

 

$

87,977

 

$

28,785

 

$

22,460

 
Schedule of grading of loans by category of loans

 

 

June 30, 2013

 

Performing

 

Watch

 

Substandard

 

Residential

 

 

 

 

 

 

 

1-4 Family

 

$

400,846

 

$

1,103

 

$

5,012

 

Home Equity

 

229,985

 

310

 

1,393

 

Total

 

$

630,831

 

$

1,413

 

$

6,405

 

 

December 31, 2012

 

Performing

 

Watch

 

Substandard

 

Residential

 

 

 

 

 

 

 

1-4 Family

 

$

386,098

 

$

2,605

 

$

5,492

 

Home Equity

 

222,544

 

357

 

1,428

 

Total

 

$

608,642

 

$

2,962

 

$

6,920

 

 

June 30, 2013

 

Performing

 

Substandard

 

Loss

 

Consumer

 

 

 

 

 

 

 

Direct

 

$

43,491

 

$

109

 

$

91

 

Indirect

 

1,573

 

11

 

—

 

Total

 

$

45,064

 

$

120

 

$

91

 

 

December 31, 2012

 

Performing

 

Substandard

 

Loss

 

Consumer

 

 

 

 

 

 

 

Direct

 

$

45,553

 

$

195

 

$

96

 

Indirect

 

2,434

 

12

 

5

 

Total

 

$

47,987

 

$

207

 

$

101