XML 55 R31.htm IDEA: XBRL DOCUMENT v2.4.1.9
Loans And The Allowance For Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2014
Loans And The Allowance For Credit Losses [Abstract]  
Composition Of The Loan Portfolio

 

 

 

 

 

 

 

 

 

 

(In thousands)

December 31, 2014

December 31, 2013

Commercial, financial and agricultural

$
177,597 

$
172,810 

Municipal loans

 
94,366 

 
94,007 

Real estate loans – residential

 
469,529 

 
489,706 

Real estate loans – commercial

 
412,447 

 
371,319 

Real estate loans – construction

 
23,858 

 
31,841 

Installment loans

 
4,504 

 
5,655 

All other loans

 
33 

 
895 

Total loans

$
1,182,334 

$
1,166,233 

 

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, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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

$
3,354 

 
768 

 
3,081 

 
5,085 

 
512 

 
18 

 
10 

$
12,828 

Charge-offs

 
(34)

 
0 

 
(25)

 
0 

 
0 

 
(2)

 
(170)

 
(231)

Recoveries

 
10 

 
0 

 
24 

 
1 

 
0 

 
2 

 
31 

 
68 

Provision (credit)

 
1 

 
(132)

 
47 

 
165 

 
(97)

 
(5)

 
171 

 
150 

Ending balance

$
3,331 

$
636 

$
3,127 

$
5,251 

$
415 

$
13 

$
42 

$
12,815 

 

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 

 

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, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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

$
0 

 
0 

 
63 

 
0 

 
0 

 
0 

 
0 

$
63 

Ending balance collectively evaluated for impairment

 
3,331 

 
636 

 
3,064 

 
5,251 

 
415 

 
13 

 
42 

 
12,752 

Totals

$
3,331 

$
636 

$
3,127 

$
5,251 

$
415 

$
13 

$
42 

$
12,815 

Financing receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance individually evaluated for impairment

$
134 

 
0 

 
657 

 
0 

 
0 

 
0 

 
0 

$
791 

Ending balance collectively evaluated for impairment

 
177,463 

 
94,366 

 
468,872 

 
412,447 

 
23,858 

 
4,504 

 
33 

 
1,181,543 

Totals

$
177,597 

$
94,366 

$
469,529 

$
412,447 

$
23,858 

$
4,504 

$
33 

$
1,182,334 

Components:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses

$
2,583 

 
623 

 
3,038 

 
5,209 

 
325 

 
13 

 
42 

$
11,833 

Reserve for undisbursed lines of credit

 
748 

 
13 

 
89 

 
42 

 
90 

 
0 

 
0 

 
982 

Total allowance for credit losses

$
3,331 

$
636 

$
3,127 

$
5,251 

$
415 

$
13 

$
42 

$
12,815 

 

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 

 

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, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

31-60 Days

61-90 Days

91 Days or More

Total Past

 

 

91 Days or more past due and

(In thousands)

Past Due

Past Due

Past Due

Due

Current

Total

Accruing

Commercial, financial and agricultural

$
49 

 
0 

 
0 

$
49 

$
177,548 

$
177,597 

$
0 

Municipal

 
0 

 
0 

 
0 

 
0 

 
94,366 

 
94,366 

 
0 

Real estate-residential:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First mortgage

 
157 

 
0 

 
391 

 
548 

 
431,191 

 
431,739 

 
0 

Second mortgage

 
33 

 
0 

 
79 

 
112 

 
37,678 

 
37,790 

 
0 

Real estate-commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 
0 

 
22 

 
0 

 
22 

 
260,075 

 
260,097 

 
0 

Non-owner occupied

 
202 

 
0 

 
0 

 
202 

 
152,148 

 
152,350 

 
0 

Real estate-construction:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 
0 

 
0 

 
0 

 
0 

 
4,131 

 
4,131 

 
0 

Commercial

 
0 

 
0 

 
0 

 
0 

 
19,727 

 
19,727 

 
0 

Installment

 
0 

 
0 

 
0 

 
0 

 
4,504 

 
4,504 

 
0 

Other

 
0 

 
0 

 
0 

 
0 

 
33 

 
33 

 
0 

Total

$
441 

$
22 

$
470 

$
933 

$
1,181,401 

$
1,182,334 

$
0 

 

Of the total past due loans in the aging table above, $519 thousand are non-performing of which $0 are restructured loans and $0 were 91 days or more past due and accruing.  There were $414 thousand past due performing loans at December 31, 2014.

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

31-60 Days

61-90 Days

91 Days or More

Total Past

 

 

91 Days or more past due 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 

 

Impaired Loans By Class

Impaired loans by class at December 31, 2014 are as follows:

 

 

 

 

 

 

 

 

 

(In thousands)

Recorded Investment

Unpaid Principal Balance

Related Allowance

Average Recorded Investment

With no related allowance recorded

 

 

 

 

 

 

 

 

Commercial, financial and agricultural

$
134 

$
136 

$
0 

$
86 

Real estate – residential:

 

 

 

 

 

 

 

 

First mortgage

 
147 

 
257 

 
0 

 
256 

Second mortgage

 
79 

 
79 

 
0 

 
136 

Real estate – commercial:

 

 

 

 

 

 

 

 

Owner occupied

 
0 

 
0 

 
0 

 
12 

Non-owner occupied

 
0 

 
0 

 
0 

 
0 

Installment

 
0 

 
0 

 
0 

 
0 

With related allowance recorded

 

 

 

 

 

 

 

 

Commercial, financial and agricultural

 
0 

 
0 

 
0 

 
12 

Real estate – residential:

 

 

 

 

 

 

 

 

First mortgage

 
431 

 
432 

 
63 

 
204 

Second mortgage

 
0 

 
0 

 
0 

 
0 

Real estate – commercial:

 

 

 

 

 

 

 

 

Owner occupied

 
0 

 
0 

 
0 

 
119 

Installment

 
0 

 
0 

 
0 

 
0 

Total

 

 

 

 

 

 

 

 

Commercial, financial and agricultural

 
134 

 
136 

 
0 

 
98 

Real estate – residential

 
657 

 
768 

 
63 

 
596 

Real estate – commercial

 
0 

 
0 

 
0 

 
131 

Installment

 
0 

 
0 

 
0 

 
0 

Total

$
791 

$
904 

$
63 

$
825 

 

 

 

Impaired loans by class at December 31, 2013 are as follows:

 

 

 

 

 

 

 

 

 

(In thousands)

Recorded Investment

Unpaid Principal Balance

Related Allowance

Average Recorded Investment

With no related allowance recorded

 

 

 

 

 

 

 

 

Commercial, financial and agricultural

$
0 

$
0 

$
0 

$
211 

Real estate – residential:

 

 

 

 

 

 

 

 

First mortgage

 
410 

 
629 

 
0 

 
541 

Second mortgage

 
181 

 
218 

 
0 

 
145 

Real estate – commercial:

 

 

 

 

 

 

 

 

Owner occupied

 
0 

 
0 

 
0 

 
93 

Non-owner occupied

 
0 

 
0 

 
0 

 
0 

Installment

 
0 

 
0 

 
0 

 
1 

With related allowance recorded

 

 

 

 

 

 

 

 

Commercial, financial and agricultural

 
20 

 
21 

 
2 

 
343 

Real estate – residential:

 

 

 

 

 

 

 

 

First mortgage

 
131 

 
135 

 
41 

 
512 

Second mortgage

 
0 

 
0 

 
0 

 
246 

Real estate – commercial:

 

 

 

 

 

 

 

 

Owner occupied

 
164 

 
175 

 
69 

 
170 

Installment

 
0 

 
0 

 
0 

 
5 

Total

 

 

 

 

 

 

 

 

Commercial, financial and agricultural

 
20 

 
21 

 
2 

 
554 

Real estate – residential

 
722 

 
982 

 
41 

 
1,444 

Real estate – commercial

 
164 

 
175 

 
69 

 
263 

Installment

 
0 

 
0 

 
0 

 
6 

Total

$
906 

$
1,178 

$
112 

$
2,267 

 

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

 

 

 

 

 

 

 

 

 

 

(In thousands)

Recorded Investment

Unpaid Principal Balance

Related Allowance

Average Recorded Investment

With no related allowance recorded

 

 

 

 

 

 

 

 

Commercial, financial and agricultural

$
7 

$
22 

$
0 

$
39 

Real estate – residential:

 

 

 

 

 

 

 

 

First mortgage

 
853 

 
1,010 

 
0 

 
807 

Second mortgage

 
16 

 
17 

 
0 

 
247 

Real estate – commercial:

 

 

 

 

 

 

 

 

Owner occupied

 
295 

 
367 

 
0 

 
380 

Non-owner occupied

 
0 

 
0 

 
0 

 
0 

Installment

 
0 

 
0 

 
0 

 
1 

With related allowance recorded

 

 

 

 

 

 

 

 

Commercial, financial and agricultural

 
226 

 
228 

 
149 

 
37 

Real estate – residential:

 

 

 

 

 

 

 

 

First mortgage

 
748 

 
766 

 
173 

 
662 

Second mortgage

 
700 

 
700 

 
188 

 
320 

Real estate – commercial:

 

 

 

 

 

 

 

 

Non-owner occupied

 
177 

 
179 

 
59 

 
136 

Total

 

 

 

 

 

 

 

 

Commercial, financial and agricultural

 
233 

 
250 

 
149 

 
76 

Real estate – residential

 
2,317 

 
2,493 

 
361 

 
2,036 

Real estate – commercial

 
472 

 
546 

 
59 

 
516 

Installment and other

 
0 

 
0 

 
0 

 
1 

Total

$
3,022 

$
3,289 

$
569 

$
2,629 

 

Nonperforming Loans

 

 

 

 

 

 

 

 

 

 

(In thousands)

December 31, 2014

December 31, 2013

Nonaccrual  loans

$
598 

$
425 

Loans greater than 90 days and accruing

 
0 

 
75 

Troubled debt restructurings ("TDRs")

 
193 

 
406 

Total nonperforming loans

$
791 

$
906 

 

Nonaccrual Loans By Class

 

 

 

 

 

 

 

 

 

 

(In thousands)

December 31, 2014

December 31, 2013

Commercial, financial and agricultural

$
88 

$
20 

Real estate - residential:

 

 

 

 

First mortgage

 
431 

 
299 

Second mortgage

 
79 

 
106 

Real estate - commercial:

 

 

 

 

Owner occupied

 
0 

 
0 

Non owner occupied

 
0 

 
0 

Installment

 
0 

 
0 

Total nonaccruing non-TDR loans

$
598 

$
425 

Nonaccruing TDR’s

 

 

 

 

Commercial, financial and agricultural

 
5 

 
0 

Real estate – residential:

 

 

 

 

First mortgage

 
58 

 
71 

Real estate - commercial:

 

 

 

 

Owner occupied

 
0 

 
164 

Total nonaccrual loans including TDRs

$
661 

$
660 

 

Summary Of Loans By Credit Quality Indicator

Below is a summary of loans by credit quality indicator as of December 31, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass-

Special

Sub-

 

 

(In thousands)

Unrated

Pass

Watch

Mention

Standard

Total

Commercial, financial and agricultural

$
352 

 
143,813 

 
21,563 

 
3,942 

 
7,927 

$
177,597 

Municipal

 
40 

 
75,337 

 
17,101 

 
1,888 

 
0 

 
94,366 

Real estate – residential:

 

 

 

 

 

 

 

 

 

 

 

 

First mortgage

 
428,073 

 
3,046 

 
170 

 
0 

 
450 

 
431,739 

Second mortgage

 
37,790 

 
0 

 
0 

 
0 

 
0 

 
37,790 

Real estate – commercial:

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 
187 

 
220,651 

 
18,708 

 
1,378 

 
19,173 

 
260,097 

Non-owner occupied

 
189 

 
130,218 

 
20,773 

 
0 

 
1,170 

 
152,350 

Real estate – construction:

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 
288 

 
3,843 

 
0 

 
0 

 
0 

 
4,131 

Commercial

 
170 

 
17,588 

 
40 

 
0 

 
1,929 

 
19,727 

Installment

 
4,504 

 
0 

 
0 

 
0 

 
0 

 
4,504 

All other loans

 
33 

 
0 

 
0 

 
0 

 
0 

 
33 

Total

$
471,626 

$
594,496 

$
78,355 

$
7,208 

$
30,649 

$
1,182,334 

 

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