Loans And The Allowance For Credit Losses (Tables)

6 Months Ended

Jun. 30, 2015

Loans And The Allowance For Credit Losses [Abstract]


(In thousands)		June 30, 2015		December 31, 2014
Commercial, financial and agricultural	$	210,458	$	177,597
Municipal loans		59,035		94,366
Residential		454,114		469,529
Commercial Real Estate		438,622		412,447
Construction		38,435		23,858
Installment loans		2,950		4,504
All other loans		41		33
Total loans	$	1,203,655	$	1,182,334

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 by portfolio segment for the three months ended June 30, 2015:


		Commercial,
		financial and				Real estate-		Real estate-		Real estate-
(In thousands)		agricultural		Municipal		residential		commercial		construction		Installment		All Other		Total
Allowance for credit losses:
Beginning balance	$	3,375	$	543	$	3,110	$	5,217	$	438	$	81	$	-	$	12,764
Charge-offs		(6)		-		-		-		-		(17)		-		(23)
Recoveries		14		-		26		-		-		10		-		50
Provision (credit)		67		(174)		(10)		137		95		(15)		-		100
Ending balance	$	3,450	$	369	$	3,126	$	5,354	$	533	$	59	$	-	$	12,891

The following table reflects our loan loss experience and activity in the allowance for credit losses by portfolio segment for the three months ended June 30, 2014:


		Commercial,
		financial and				Real estate-		Real estate-		Real estate-
(In thousands)		agricultural		Municipal		residential		commercial		construction		Installment		All Other		Total
Allowance for credit losses:
Beginning balance	$	3,378	$	693	$	3,352	$	5,119	$	360	$	18	$	9	$	12,929
Charge-offs		(34)		-		(16)		-		-		-		(31)		(81)
Recoveries		1		-		2		-		-		1		4		8
Provision (credit)		311		(307)		(92)		(30)		134		(1)		35		50
Ending balance	$	3,656	$	386	$	3,246	$	5,089	$	494	$	18	$	17	$	12,906

The following table reflects our loan loss experience and activity in the allowance for credit losses by portfolio segment for the six months ended June 30, 2015:


	Commercial,
	financial and		Real estate-	Real estate-	Real estate-
(In thousands)	agricultural	Municipal	residential	commercial	construction	Installment	All Other	Total
Allowance for credit losses:
Beginning balance	$ 3,331	$ 636	$ 3,127	$ 5,251	$ 415	$ 13	$ 42	$ 12,815
Charge-offs	(17)		(55)			(43)		(115)
Recoveries	28		29	1		33		91
Provision (credit)	108	(267)	25	102	118	56	(42)	100
Ending balance	$ 3,450	$ 369	$ 3,126	$ 5,354	$ 533	$ 59	$ -	$ 12,891

The following table reflects our loan loss experience and activity in the allowance for credit losses by portfolio segment for the six months ended June 30, 2014:


		Commercial,
		financial and				Real estate-		Real estate-		Real estate-
(In thousands)		agricultural		Municipal		residential		commercial		construction		Installment		All Other		Total
Allowance for credit losses:
Beginning balance	$	3,354	$	768	$	3,081	$	5,085	$	512	$	18	$	10	$	12,828
Charge-offs		(34)		-		(18)		-		-		-		(51)		(103)
Recoveries		3		-		20		-		-		1		7		31
Provision (credit)		333		(382)		163		4		(18)		(1)		51		150
Ending balance	$	3,656	$	386	$	3,246	$	5,089	$	494	$	18	$	17	$	12,906

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 June 30, 2015:


		Commercial,
		financial and				Real estate-		Real estate-		Real estate-
(In thousands)		agricultural		Municipal		residential		commercial		construction		Installment		All Other		Total
Allowance for credit losses:
Ending balance individually evaluated for impairment	$	-	$	-	$	143	$	-	$	-	$	-	$	-	$	143
Ending balance collectively evaluated for impairment		3,450		369		2,983		5,354		533		59		-		12,748
Totals	$	3,450	$	369	$	3,126	$	5,354	$	533	$	59	$	-	$	12,891
Financing receivables:
Ending balance individually evaluated for impairment	$	512	$	-	$	875	$	-	$	-	$	-	$	-	$	1,387
Ending balance collectively evaluated for impairment		209,946		59,035		453,239		438,622		38,435		2,950		41		1,202,268
Totals	$	210,458	$	59,035	$	454,114	$	438,622	$	38,435	$	2,950	$	41	$	1,203,655
Components:
Allowance for loan losses	$	2,925	$	359	$	3,043	$	5,299	$	477	$	59	$	-	$	12,162
Reserve for undisbursed lines of credit		525		10		83		55		56		-		-		729
Total allowance for credit losses	$	3,450	$	369	$	3,126	$	5,354	$	533	$	59	$	-	$	12,891

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:


		Commercial,
		financial and				Real estate-		Real estate-		Real estate-
(In thousands)		agricultural		Municipal		residential		commercial		construction		Installment		All Other		Total
Allowance for credit losses:
Ending balance individually evaluated for impairment	$	-	$	-	$	63	$	-	$	-	$	-	$	-	$	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	$	-	$	657	$	-	$	-	$	-	$	-	$	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		-		-		982
Total allowance for credit losses	$	3,331	$	636	$	3,127	$	5,251	$	415	$	13	$	42	$	12,815

Recorded Investment of Loans, Including Nonaccrual And Restructured Loans, By Class

The table below presents the recorded investment of loans, including nonaccrual and restructured loans, segregated by class, with delinquency aging as of June 30, 2015:


														91 Days or
		31-60		61-90		91 Days		Total						More past
		Days		Days		or More		Past						Due and
(In thousands)		Past Due		Past Due		Past Due		Due		Current		Total		Accruing
Commercial, financial and agricultural	$	50	$	94	$	-	$	144	$	210,314	$	210,458	$	-
Municipal		-		-		-		-		59,035		59,035		-
Residential:
First mortgage		274		148		392		814		418,393		419,207		-
Second mortgage		-		-		79		79		34,828		34,907		-
Commercial Real Estate:
Owner occupied		-		-		-		-		183,472		183,472		-
Non-owner occupied		47		-		-		47		255,103		255,150		-
Construction:
Residential		-		-		-		-		2,750		2,750		-
Commercial		-		-		-		-		35,685		35,685		-
Installment		-		-		-		-		2,950		2,950		-
Other		-		-		-		-		41		41		-
Total	$	371	$	242	$	471	$	1,084	$	1,202,571	$	1,203,655	$	-

Of the total past due loans in the aging table above, $619 thousand are non-performing of which $0 are restructured loans and $0 were greater than 91 days past due and accruing. There was $465 thousand past due performing loan at June 30, 2015.

The table below presents the recorded investment of loans, including nonaccrual and restructured loans, segregated by class, with delinquency aging as of December 31, 2014:


														91 Days or
		31-60		61-90		91 Days		Total						more past
		Days		Days		or More		Past						due and
(In thousands)		Past Due		Past Due		Past Due		Due		Current		Total		Accruing
Commercial, financial and agricultural	$	49	$	-	$	-	$	49	$	177,548	$	177,597	$	-
Municipal		-		-		-		-		94,366		94,366		-
Residential:
First mortgage		157		-		391		549		431,191		431,739		-
Second mortgage		33		-		79		112		36,678		37,790		-
Commercial Real Estate:
Owner occupied		-		22		-		22		260,075		260,097		-
Non-owner occupied		202		-		-		202		152,148		152,350		-
Construction:
Residential		-		-		-		-		4,131		4,131		-
Commercial		-		-		-		-		19,727		19,727		-
Installment		-		-		-		-		4,504		4,504		-
Other		-		-		-		-		33		33		-
Total	$	441	$	22	$	470	$	933	$	1,181,401	$	1,182,334	$	-

Impaired Loans By Class

Impaired loans by class at June 30, 2015 and for the three and six months ended June 30, 2015 are as follows:


							Three Months Ended				Six Months Ended
							June 30, 2015				June 30, 2015
			Unpaid				Average		Interest		Average		Interest
	Recorded		Principal		Related		Recorded		Income		Recorded		Income
(In thousands)	Investment		Balance		Allowance		Investment		Recognized		Investment		Recognized
With no related allowance recorded
Commercial, financial and agricultural	$	512	$	517	$	-	$	229	$	-	$	169	$	-
Residential:
First mortgage		174		230		-		159		-		153		-
Second mortgage		79		79		-		79		-		79		-
Commercial Real Estate:
Owner occupied		-		-		-		-		-		-		-
Non-owner occupied		-		-		-		10		-		5		-
Construction:
Residential		-		-		-		-		-		-		-
Commercial		-		-		-		-		-		-		-
Installment		-		-		-		-		-		-		-
With related allowance recorded
Commercial, financial and agricultural		-		-		-		331		-		248		-
Residential:
First mortgage		622		623		143		512		-		475		-
Second mortgage		-		-		-		11		-		9		-
Commercial Real Estate:
Owner occupied		-		-		-		-		-		-		-
Total
Commercial, financial and agricultural		512		517		-		560		-		417		-
Residential:		875		932		143		761		-		716		-
Commercial Real Estate:		-		-		-		10		-		5		-
Construction		-		-		-		-		-		-		-
Installment		-		-		-		-		-		-		-
Total	$	1,387	$	1,449	$	143	$	1,331	$	-	$	1,138	$	-

Impaired loans by class at December 31, 2014 and for the three and six months ended June 30, 2014 are as follows:


							Three Months Ended				Six Months Ended
							June 30, 2014				June 30, 2014
			Unpaid				Average		Interest		Average		Interest
	Recorded		Principal		Related		Recorded		Income		Recorded		Income
(In thousands)	Investment		Balance		Allowance		Investment		Recognized		Investment		Recognized
With no related allowance recorded
Commercial, financial and agricultural	$	134	$	136	$	-	$	95	$	1	$	65	$	1
Residential:
First mortgage		147		257		-		306		2		285		4
Second mortgage		79		79		-		162		1		168		1
Commercial Real Estate:
Owner occupied		-		-		-		51		1		25		1
Installment		-		-		-		-		-		-		-
With related allowance recorded
Commercial, financial and agricultural		-		-		-		29		-		24		-
Residential:
First mortgage		431		432		63		214		-		189		-
Second mortgage		-		-		-		-		-		-		-
Commercial Real Estate:
Owner occupied		-		-		-		158		-		160		-
Installment		-		-		-		-		-		-		-
Total
Commercial, financial and agricultural		134		136		-		124		1		89		1
Residential:		657		768		63		682		3		642		5
Commercial Real Estate:		-		-		-		209		1		185		1
Installment		-		-		-		-		-		-		-
Total	$	791	$	904	$	63	$	1,015	$	5	$	916	$	7

Nonperforming Loans


(In thousands)		June 30, 2015		December 31, 2014
Nonaccrual loans	$	748	$	598
Loans greater than 90 days and accruing		-		-
Troubled debt restructurings ("TDRs")		639		193
Total nonperforming loans	$	1,387	$	791

Nonaccrual Loans By Class


(In thousands)		June 30, 2015		December 31, 2014
Commercial, financial and agricultural	$	7	$	88
Residential:
First mortgage		645		431
Second mortgage		96		79
Total nonaccruing non-TDR loans		748		598
Nonaccruing TDR’s
Commercial, financial and agricultural		3		5
Residential:
First mortgage		50		58
Commercial Real Estate:
Owner occupied		-		-
Total nonaccrual loans including TDRs	$	801	$	661

Summary Of Loans By Credit Quality Indicator

Below is a summary of loans by credit quality indicator as of June 30, 2015:


						Pass-		Special		Sub-
(In thousands)		Unrated		Pass		Watch		Mention		Standard		Total
Commercial, financial and agricultural	$	753	$	172,398	$	21,711	$	4,323	$	11,273	$	210,458
Municipal		609		48,349		9,363		714		-		59,035
Residential:
First mortgage		414,985		3,341		167		-		714		419,207
Second mortgage		34,907		-		-		-		-		34,907
Commercial Real Estate:
Owner occupied		133		150,973		14,328		3,330		14,708		183,472
Non-owner occupied		208		230,357		22,213		652		1,720		255,150
Construction:
Residential		129		2,621		-		-		-		2,750
Commercial		181		33,607		34		-		1,863		35,685
Installment		2,950		-		-		-		-		2,950
All other loans		41		-		-		-		-		41
Total	$	454,896	$	641,646	$	67,816	$	9,019	$	30,278	$	1,203,655

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


						Pass-		Special		Sub-
(In thousands)		Unrated Residential and		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		-		94,366
Residential:
First mortgage		428,073		3,046		170		-		450		431,739
Second mortgage		37,790		-		-		-		-		37,790
Commercial Real Estate:
Owner occupied		187		220,651		18,708		1,378		19,173		260,097
Non-owner occupied		189		130,218		20,773		-		1,170		152,350
Construction:
Residential		288		3,843		-		-		-		4,131
Commercial		170		17,588		40		-		1,929		19,727
Installment		4,504		-		-		-		-		4,504
All other loans		33		-		-		-		-		33
Total	$	471,626	$	594,496	$	78,355	$	7,208	$	30,649	$	1,182,334