Loans And The Allowance For Credit Losses (Tables)

12 Months Ended

Dec. 31, 2012

Loans And The Allowance For Credit Losses [Abstract]

Composition Of The Loan Portfolio

(In thousands)	December 31, 2012		December 31, 2011
Commercial, financial and agricultural	$	165,023	$	146,990
Municipal loans		84,689		101,705
Real estate loans – residential		489,951		439,818
Real estate loans – commercial		327,622		313,915
Real estate loans – construction		10,561		18,993
Installment loans		4,701		5,806
All other loans		376		399
Total loans	$	1,082,923	$	1,027,626

Loan Loss Experience And Activity In The Allowance For Credit Losses

The following table reflects our loan loss experience and activity in the allowance for credit losses for the twelve months ended December 31, 2012:

(In thousands)	Commercial, financial and agricultural		Municipal		Real estate- residential		Real estate- commercial		Real estate-construction		Installment		All other		Totals
Allowance for credit losses:
Beginning balance	$	2,905	$	309	$	3,138	$	4,484	$	477	$	23	$	17	$	11,353
Charge-offs		(9)		0		(20)		(32)		0		0		0		(61)
Recoveries		30		0		14		1		25		0		0		70
Provision (credit)		521		213		450		46		(268)		(6)		(6)		950
Ending balance	$	3,447	$	522	$	3,582	$	4,499	$	234	$	17	$	11	$	12,312
Ending balance individually
evaluated for impairment	$	149	$	0	$	361	$	59	$	0	$	0	$	0	$	569
Ending balance collectively
evaluated for impairment		3,298		522		3,221		4,440		234		17		11		11,743
Totals	$	3,447	$	522	$	3,582	$	4,499	$	234	$	17	$	11	$	12,312
Financing receivables:
Ending balance individually
evaluated for impairment	$	233	$	0	$	2,317	$	472	$	0	$	0	$	0	$	3,022
Ending balance collectively
evaluated for impairment		164,790		84,689		487,634		327,150		10,561		4,701		376		1,079,901
Totals	$	165,023	$	84,689	$	489,951	$	327,622	$	10,561	$	4,701	$	376	$	1,082,923
Components:
Allowance for loan losses	$	2,915	$	494	$	3,494	$	4,444	$	187	$	17	$	11	$	11,562
Reserve for undisbursed
lines of credit		532		28		88		55		47		0		0		750
Total allowance for credit
losses	$	3,447	$	522	$	3,582	$	4,499	$	234	$	17	$	11	$	12,312

The following table reflects our loan loss experience and activity in the allowance for credit losses for the twelve months ended December 31, 2011:

(In thousands)	Commercial, financial and agricultural		Municipal		Real estate- residential		Real estate- commercial		Real estate-construction		Installment		All other		Totals
Allowance for credit losses:
Beginning balance	$	2,617	$	236	$	2,428	$	5,143	$	283	$	24	$	23	$	10,754
Charge-offs		(80)		0		(83)		(60)		(96)		(10)		0		(329)
Recoveries		101		0		4		44		25		4		0		178
Provision (credit)		267		73		789		(643)		265		5		(6)		750
Ending balance	$	2,905	$	309	$	3,138	$	4,484	$	477	$	23	$	17	$	11,353
Ending balance individually
evaluated for impairment	$	17	$	0	$	210	$	0	$	0	$	0	$	0	$	227
Ending balance collectively
evaluated for impairment		2,888		309		2,928		4,484		477		23		17		11,126
Totals	$	2,905	$	309	$	3,138	$	4,484	$	477	$	23	$	17	$	11,353
Financing receivables:
Ending balance individually
evaluated for impairment	$	114	$	0	$	1,985	$	412	$	0	$	0	$	0	$	2,511
Ending balance collectively
evaluated for impairment		146,876		101,705		437,833		313,503		18,993		5,806		399		1,025,115
Totals	$	146,990	$	101,705	$	439,818	$	313,915	$	18,993	$	5,806	$	399	$	1,027,626
Components:
Allowance for loan losses	$	2,412	$	307	$	3,025	$	4,442	$	393	$	23	$	17	$	10,619
Reserve for undisbursed
lines of credit		493		2		113		42		84		0		0		734
Total allowance for credit
losses	$	2,905	$	309	$	3,138	$	4,484	$	477	$	23	$	17	$	11,353

Recorded Investment of Loans, Including Nonaccrual And Restructured Loans

The table below presents the recorded investment of loans, including nonaccrual and restructured loans, segregated by class, with delinquency aging as of December 31, 2012:

	30-59 Days		60-89 Days		90 Days or More		Total Past						Greater Than 90 Days and
(In thousands)	Past Due		Past Due		Past Due		Due		Current		Total		Accruing
Commercial, financial and agricultural	$	0	$	0	$	0	$	0	$	165,023	$	165,023	$	0
Municipal		0		0		0		0		84,689		84,689		0
Real estate-residential:
First mortgage		92		43		950		1,085		449,956		451,041		0
Second mortgage		0		0		716		716		38,194		38,910		0
Real estate-commercial:
Owner occupied		0		0		295		295		222,013		222,308		0
Non-owner occupied		0		0		0		0		105,314		105,314		0
Real estate-construction:
Residential		0		0		0		0		1,559		1,559		0
Commercial		0		0		0		0		9,002		9,002		0
Installment		0		0		0		0		4,701		4,701		0
Other		0		0		0		0		376		376		0
Total	$	92	$	43	$	1,961	$	2,096	$	1,080,827	$	1,082,923	$	0

All of the total past due loans in the aging table above consist of non-accruing and restructured loans.  There were no past due performing loans at December 31, 2012.

The table below presents the recorded investment of loans, including nonaccrual and restructured loans, segregated by class, with delinquency aging as of December 31, 2011:

	30-59 Days		60-89 Days		90 Days or More		Total Past						Greater Than 90 Days and
(In thousands)	Past Due		Past Due		Past Due		Due		Current		Total		Accruing
Commercial, financial and agricultural	$	0	$	40	$	8	$	48	$	146,942	$	146,990	$	0
Municipal		0		0		0		0		101,705		101,705		0
Real estate-residential:
First mortgage		39		305		731		1,075		400,256		401,331		0
Second mortgage		0		0		281		281		38,206		38,487		0
Real estate-commercial:
Owner occupied		0		325		87		412		205,844		206,256		0
Non-owner occupied		0		0		0		0		107,659		107,659		0
Real estate-construction:
Residential		0		0		0		0		1,798		1,798		0
Commercial		0		0		0		0		17,195		17,195		0
Installment		0		0		0		0		5,806		5,806		0
Other		0		0		0		0		399		399		0
Total	$	39	$	670	$	1,107	$	1,816	$	1,025,810	$	1,027,626	$	0

Impaired Loans By Class

Impaired loans by class at December 31, 2012 are as follows:

(In thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded
Commercial, financial and agricultural	$	7	$	970	$	0	$	39	$	1
Real estate – residential:
First mortgage		853		1,174		0		807		51
Second mortgage		16		52		0		247		34
Real estate – commercial:
Owner occupied		295		487		0		380		3
Non-owner occupied		0		70		0		0		0
Installment		0		45		0		1		0
With related allowance recorded
Commercial, financial and agricultural		226		228		149		37		2
Real estate – residential:
First mortgage		748		766		173		662		1
Second mortgage		700		700		188		320		0
Real estate – commercial:
Owner occupied		177		179		59		136		2
Total
Commercial, financial and agricultural		233		1,198		149		76		3
Real estate – residential		2,317		2,692		361		2,036		86
Real estate – commercial		472		736		59		516		5
Installment and other		0		45		0		1		0
Total	$	3,022	$	4,671	$	569	$	2,629	$	94

Impaired loans by class at December 31, 2011 are as follows:

(In thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded
Commercial, financial and agricultural	$	77	$	1,099	$	0	$	154	$	0
Real estate – residential:
First mortgage		914		1,162		0		1,201		44
Second mortgage		222		224		0		325		43
Real estate – commercial:
Owner occupied		412		548		0		495		11
Non-owner occupied		0		70		0		64		4
Real estate – construction:
Commercial		0		94		0		107		0
Installment		0		43		0		3		1
With related allowance recorded
Commercial, financial and agricultural		37		43		17		240		18
Real estate – residential:
First mortgage		790		830		207		761		0
Second mortgage		59		60		3		34		0
Real estate – commercial:
Non-owner occupied		0		0		0		46		9
Total
Commercial, financial and agricultural		114		1,142		17		394		18
Real estate – residential		1,985		2,276		210		2,321		87
Real estate – commercial		412		618		0		605		24
Real estate – construction		0		94		0		107		0
Installment and other		0		43		0		3		1
Total	$	2,511	$	4,173	$	227	$	3,430	$	130

Impaired loans by class at December 31, 2010  are as follows:

(In thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded
Commercial, financial and agricultural	$	112	$	1,077	$	0	$	2,536	$	248
Real estate – residential:
First mortgage		1,318		1,636		0		269		83
Second mortgage		644		644		0		407		17
Real estate – commercial:
Owner occupied		483		490		0		601		49
Non-owner occupied		400		640		0		402		22
Real estate – construction:
Residential		0		0		0		195		41
Commercial		0		0		0		130		0
Installment		0		17		0		0		0
With related allowance recorded
Commercial, financial and agricultural		483		483		275		1,898		100
Real estate – residential:
First mortgage		664		664		58		1,059		14
Total
Commercial, financial and agricultural		595		1,560		275		4,434		348
Real estate – residential		2,626		2,944		58		1,735		114
Real estate – commercial		883		1,130		0		1,003		71
Real estate – construction		0		0		0		325		41
Installment and other		0		17		0		0		0
Total	$	4,104	$	5,651	$	333	$	7,497	$	574

Interest Income Recorded on Impaired Loans

(In thousands)	2012		2011		2010
Interest income - accrual basis	$	94	$	130	$	286
Interest income - cash basis		0		0		288

Nonperforming Loans

(In thousands)	December 31, 2012		December 31, 2011
Nonaccrual  loans	$	2,355	$	1,953
Loans past due greater than 90 days and accruing		0		0
TDRs		557		558
Total nonperforming loans	$	2,912	$	2,511

Summary Of Restructurings

	2012					2011
	Number	Pre-Modification Recorded		Post-Modification Recorded		Number	Pre-Modification Recorded		Post-modification Recorded
(Dollars in thousands)	of Loans	Investment		Investment		of Loans	Investment		Investment
Commercial, financial and agricultural	1	$	9	$	8	0	$	0	$	0
Real estate – residential:
First mortgage	1		18		14	3		262		211
Second mortgage	1		25		22	0		0		0
Real estate - commercial:
Owner occupied	1		182		177	0		0		0

Nonaccrual Loans By Class

(In thousands)	December 31, 2012		December 31, 2011
Commercial, financial and agricultural	$	225	$	114
Real estate - residential:
First mortgage		1,119		1,146
Second mortgage		716		281
Real estate - commercial:
Owner occupied		295		412
Total nonaccruing non-TDR loans	$	2,355	$	1,953
Nonaccruing TDR’s
Commercial, financial and agricultural		8		0
Real estate – residential:
First mortgage		189		224
Real estate - commercial:
Owner occupied		177		0
Total nonaccrual loans including TDRs	$	2,729	$	2,177

Summary Of Loans By Credit Quality Indicator

Below is a summary of loans by credit quality indicator as of December 31, 2012:

	Unrated Residential and				Pass-		Special		Sub-
(In thousands)	Consumer		Pass		Watch		Mention		Standard		Total
Commercial, financial and agricultural	$	85	$	138,307	$	18,738	$	5,704	$	2,189	$	165,023
Municipal		5		77,242		7,442		0		0		84,689
Real estate – residential:
First mortgage		418,802		29,237		1,275		194		1,533		451,041
Second mortgage		37,200		1,000		0		0		710		38,910
Real estate – commercial:
Owner occupied		86		188,330		16,718		3,546		13,628		222,308
Non-owner occupied		40		93,002		10,211		613		1,448		105,314
Real estate – construction:
Residential		41		0		1,518		0		0		1,559
Commercial		598		7,882		522		0		0		9,002
Installment		4,701		0		0		0		0		4,701
All other loans		376		0		0		0		0		376
Total	$	461,934	$	535,000	$	56,424	$	10,057	$	19,508	$	1,082,923

Below is a summary of loans by credit quality indicator as of December 31, 2011:

	Unrated Residential and				Pass-		Special		Sub-
(In thousands)	Consumer		Pass		Watch		Mention		Standard		Total
Commercial, financial and agricultural	$	2	$	117,772	$	28,326	$	170	$	720	$	146,990
Municipal		0		101,705		0		0		0		101,705
Real estate – residential:
First mortgage		379,512		18,647		1,569		641		962		401,331
Second mortgage		38,020		146		0		0		321		38,487
Real estate – commercial:
Owner occupied		0		175,878		14,001		7,355		9,022		206,256
Non-owner occupied		0		95,239		8,891		1,195		2,334		107,659
Real estate – construction:
Residential		99		0		1,699		0		0		1,798
Commercial		81		15,925		573		0		616		17,195
Installment		5,806		0		0		0		0		5,806
All other loans		399		0		0		0		0		399
Total	$	423,919	$	525,312	$	55,059	$	9,361	$	13,975	$	1,027,626