Loans And The Allowance For Credit Losses (Tables)

12 Months Ended

Dec. 31, 2013

Loans And The Allowance For Credit Losses [Abstract]

Composition Of The Loan Portfolio

(In thousands)	December 31, 2013		December 31, 2012
Commercial, financial and agricultural	$	172,810	$	165,023
Municipal loans		94,007		84,689
Real estate loans – residential		489,706		460,395
Real estate loans – commercial		371,319		357,178
Real estate loans – construction		31,841		10,561
Installment loans		5,655		4,701
All other loans		895		376
Total loans	$	1,166,233	$	1,082,923

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, 2013:

(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	$	3,447	$	522	$	3,421	$	4,660	$	234	$	17	$	11	$	12,312
Charge-offs		(20)		0		(289)		(1)		0		(9)		(93)		(412)
Recoveries		62		0		6		40		1		6		13		128
Provision (credit)		(135)		246		(57)		386		277		4		79		800
Ending balance	$	3,354	$	768	$	3,081	$	5,085	$	512	$	18	$	10	$	12,828

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	$	3,017	$	4,605	$	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		410		86		(268)		(6)		(6)		950
Ending balance	$	3,447	$	522	$	3,421	$	4,660	$	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	$	2,305	$	5,266	$	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		791		(645)		265		5		(6)		750
Ending balance	$	2,905	$	309	$	3,017	$	4,605	$	477	$	23	$	17	$	11,353

Allowance For Loan Losses And The Recorded Investment In Loans

The following presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment based upon impairment method at December 31, 2013:

(In thousands)	Commercial, financial and agricultural		Municipal		Real estate- residential		Real estate- commercial		Real estate-construction		Installment		All other		Totals
Allowance for credit losses:
Ending balance individually evaluated for impairment	$	2	$	0	$	41	$	69	$	0	$	0	$	0	$	112
Ending balance collectively evaluated for impairment		3,352		768		3,040		5,016		512		18		10		12,716
Totals	$	3,354	$	768	$	3,081	$	5,085	$	512	$	18	$	10	$	12,828
Financing receivables:
Ending balance individually evaluated for impairment	$	20	$	0	$	722	$	164	$	0	$	0	$	0	$	906
Ending balance collectively evaluated for impairment		172,790		94,007		488,984		371,155		31,841		5,655		895		1,165,327
Totals	$	172,810	$	94,007	$	489,706	$	371,319	$	31,841	$	5,655	$	895	$	1,166,233
Components:
Allowance for loan losses	$	2,740	$	758	$	2,995	$	5,040	$	481	$	18	$	10	$	12,042
Reserve for undisbursed lines of credit		614		10		86		45		31		0		0		786
Total allowance for credit losses	$	3,354	$	768	$	3,081	$	5,085	$	512	$	18	$	10	$	12,828

The following presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment based upon impairment method at 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:
Ending balance individually evaluated for impairment	$	149	$	0	$	361	$	59	$	0	$	0	$	0	$	569
Ending balance collectively evaluated for impairment		3,298		522		3,060		4,601		234		17		11		11,743
Totals	$	3,447	$	522	$	3,421	$	4,660	$	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		458,078		356,706		10,561		4,701		376		1,079,901
Totals	$	165,023	$	84,689	$	460,395	$	357,178	$	10,561	$	4,701	$	376	$	1,082,923
Components:
Allowance for loan losses	$	2,915	$	494	$	3,333	$	4,605	$	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	$	3,421	$	4,660	$	234	$	17	$	11	$	12,312

Recorded Investment of Loans, Including Nonaccrual And Restructured Loans

The table below presents the recorded investment of loans, including nonperforming and restructured loans, segregated by class, with delinquency aging as of December 31, 2013:

	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	$	20	$	20	$	172,790	$	172,810	$	0
Municipal		0		0		0		0		94,007		94,007		0
Real estate-residential:
First mortgage		4		294		341		639		452,440		453,079		0
Second mortgage		0		4		181		185		36,442		36,627		75
Real estate-commercial:
Owner occupied		0		0		0		0		224,416		224,416		0
Non-owner occupied		72		0		0		72		146,831		146,903		0
Real estate-construction:
Residential		0		0		0		0		2,495		2,495		0
Commercial		0		0		0		0		29,346		29,346		0
Installment		0		0		0		0		5,655		5,655		0
Other		0		0		0		0		895		895		0
Total	$	76	$	298	$	542	$	916	$	1,165,317	$	1,166,233	$	75

Of the total past due loans in the aging table above, $542 thousand are non-performing of which $42 thousand are restructured loans and $75 thousand were greater than 90 days past due and accruing.  There were $374 thousand past due performing loans at December 31, 2013.

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		420,400		421,485		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		134,870		134,870		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

Impaired Loans By Class

Impaired loans by class at December 31, 2013 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	$	0	$	0	$	0	$	211	$	20
Real estate – residential:
First mortgage		410		629		0		541		31
Second mortgage		181		218		0		145		3
Real estate – commercial:
Owner occupied		0		0		0		93		26
Non-owner occupied		0		0		0		0		0
Installment		0		0		0		1		0
With related allowance recorded
Commercial, financial and agricultural		20		21		2		343		0
Real estate – residential:
First mortgage		131		135		41		512		0
Second mortgage		0		0		0		246		0
Real estate – commercial:
Owner occupied		164		175		69		170		0
Installment		0		0		0		5		0
Total
Commercial, financial and agricultural		20		21		2		554		20
Real estate – residential		722		982		41		1,444		34
Real estate – commercial		164		175		69		263		26
Installment		0		0		0		6		0
Total	$	906	$	1,178	$	112	$	2,267	$	80

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	$	22	$	0	$	39	$	1
Real estate – residential:
First mortgage		853		1,010		0		807		51
Second mortgage		16		17		0		247		34
Real estate – commercial:
Owner occupied		295		367		0		380		3
Non-owner occupied		0		0		0		0		0
Installment		0		0		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		250		149		76		3
Real estate – residential		2,317		2,493		361		2,036		86
Real estate – commercial		472		546		59		516		5
Installment		0		0		0		1		0
Total	$	3,022	$	3,289	$	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	$	96	$	0	$	154	$	0
Real estate – residential:
First mortgage		914		1,127		0		1,201		44
Second mortgage		222		224		0		325		43
Real estate – commercial:
Owner occupied		412		543		0		495		11
Non-owner occupied		0		0		0		64		4
Real estate – construction:
Commercial		0		0		0		107		0
Installment		0		0		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		139		17		394		18
Real estate – residential		1,985		2,241		210		2,321		87
Real estate – commercial		412		543		0		605		24
Real estate – construction		0		0		0		107		0
Installment and other		0		0		0		3		1
Total	$	2,511	$	2,923	$	227	$	3,430	$	130

Nonperforming Loans

(In thousands)	December 31, 2013		December 31, 2012
Nonaccrual  loans	$	425	$	2,355
Loans greater than 90 days and accruing		75		0
Troubled debt restructurings ("TDRs")		406		557
Total nonperforming loans	$	906	$	2,912

Nonaccrual Loans By Class

(In thousands)	December 31, 2013		December 31, 2012
Commercial, financial and agricultural	$	20	$	225
Real estate - residential:
First mortgage		299		1,119
Second mortgage		106		716
Real estate - commercial:
Owner occupied		0		295
Non owner occupied		0		0
Installment		0		0
Total nonaccruing non-TDR loans	$	425	$	2,355
Nonaccruing TDR’s
Commercial, financial and agricultural		0		8
Real estate – residential:
First mortgage		71		189
Real estate - commercial:
Owner occupied		164		177
Total nonaccrual loans including TDRs	$	660	$	2,729

Summary Of Loans By Credit Quality Indicator

Below is a summary of loans by credit quality indicator as of December 31, 2013:

					Pass-		Special		Sub-
(In thousands)	Unrated		Pass		Watch		Mention		Standard		Total
Commercial, financial and agricultural	$	242	$	152,466	$	14,092	$	96	$	5,914	$	172,810
Municipal		28		65,474		26,548		1,957		0		94,007
Real estate – residential:
First mortgage		449,951		2,520		0		65		543		453,079
Second mortgage		36,599		0		0		0		28		36,627
Real estate – commercial:
Owner occupied		165		187,779		17,236		2,342		16,894		224,416
Non-owner occupied		171		134,222		9,841		270		2,399		146,903
Real estate – construction:
Residential		904		1,591		0		0		0		2,495
Commercial		738		28,127		481		0		0		29,346
Installment		5,655		0		0		0		0		5,655
All other loans		895		0		0		0		0		895
Total	$	495,348	$	572,179	$	68,198	$	4,730	$	25,778	$	1,166,233

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

					Pass-		Special		Sub-
(In thousands)	Unrated		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		1,718		32		71		862		421,485
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		120,521		11,454		736		2,119		134,870
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