Loans And The Allowance For Credit Losses (Tables)

9 Months Ended

Sep. 30, 2015

Loans And The Allowance For Credit Losses [Abstract]

Composition Of The Loan Portfolio

(In thousands)	September 30, 2015		December 31, 2014
Commercial, financial and agricultural	$	207,067	$	177,597
Municipal loans		108,423		94,366
Real estate loans – residential		448,632		469,529
Real estate loans – commercial		450,673		412,447
Real estate loans – construction		40,748		23,858
Installment loans		2,370		4,504
All other loans		19		33
Total loans	$	1,257,932	$	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 September 30, 2015:

	Commercial,
	financial
	and				Real estate-		Real estate-		Real estate-
(In thousands)	agricultural		Municipal		residential		commercial		construction		Installment		All other		Totals
Allowance for credit losses:
Beginning balance	$	3,450		369		3,126		5,354		533		59		—	$	12,891
Charge-offs		(11)		—		(29)		—		—		(22)		—		(62)
Recoveries		3		—		7		1		—		8		—		19
Provision (credit)		(51)		291		(65)		(47)		11		11		—		150
Ending balance	$	3,391	$	660	$	3,039	$	5,308	$	544	$	56	$	—	$	12,998

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

	Commercial,
	financial
	and				Real estate-		Real estate-		Real estate-
(In thousands)	agricultural		Municipal		residential		commercial		construction		Installment		All other		Totals
Allowance for credit losses:
Beginning balance	$	3,656	$	386	$	3,246	$	5,089	$	494	$	18	$	17	$	12,906
Charge-offs		—		—		(7)		—		—		—		(48)		(55)
Recoveries		—		—		—		—		—		—		7		7
Provision (credit)		(253)		316		42		(45)		(94)		(2)		36		—
Ending balance	$	3,403	$	702	$	3,281	$	5,044	$	400	$	16	$	12	$	12,858

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

	Commercial,
	financial				Real
	and				estate-		Real estate-		Real estate
(In thousands)	agricultural		Municipal		residential		commercial		construction		Installment		All other		Totals
Allowance for credit losses:
Beginning balance	$	3,331	$	636	$	3,127	$	5,251	$	415	$	13	$	42	$	12,815
Charge-offs		(28)		—		(84)		—		—		(65)		—		(177)
Recoveries		31		—		36		2		—		41		—		110
Provision (credit)		57		24		(40)		55		129		67		(42)		250
Ending balance	$	3,391	$	660	$	3,039	$	5,308	$	544	$	56	$	—	$	12,998

The following table reflects our loan loss experience and activity in the allowance for credit losses by portfolio segment for the nine months ended September 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)		—		(25)		—		—		—		(99)		(158)
Recoveries		3		—		20		—		—		1		14		38
Provision (credit)		80		(66)		205		(41)		(112)		(3)		87		150
Ending balance	$	3,403	$	702	$	3,281	$	5,044	$	400	$	16	$	12	$	12,858

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 September 30, 2015:

	Commercial,
	financial and				Real estate-		Real estate-		Real estate-
(In thousands)	agricultural		Municipal		residential		commercial		construction		Installment		All other		Totals
Allowance for credit losses:
Ending balance individually evaluated for impairment	$	—	$	—	$	139	$	—	$	—	$	—	$	—	$	139
Ending balance collectively evaluated for impairment		3,391		660		2,900		5,308		544		56		—		12,859
Totals	$	3,391	$	660	$	3,039	$	5,308	$	544	$	56	$	—	$	12,998
Financing receivables:
Ending balance individually evaluated for impairment	$	566	$	—	$	838	$	—	$	—	$	—	$	—	$	1,404
Ending balance collectively evaluated for impairment		206,501		108,423		447,794		450,673		40,748		2,370		19		1,256,528
Totals	$	207,067	$	108,423	$	448,632	$	450,673	$	40,748	$	2,370	$	19	$	1,257,932
Components:
Allowance for loan losses	$	2,833	$	631	$	2,959	$	5,238	$	493	$	56	$	—	$	12,210
Reserve for undisbursed lines of credit		558		29		80		70		51		—		—		788
Total allowance for credit losses	$	3,391	$	660	$	3,039	$	5,308	$	544	$	56	$	—	$	12,998

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		Totals
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 September 30, 2015:

													91 Days or
					91 Days or								more past
	31-60 Days		61-90 Days		More		Total Past						due and
(In thousands)	Past Due		Past Due		Past Due		Due		Current		Total		Accruing
Commercial, financial and agricultural	$	38		—		—	$	38	$	207,029	$	207,067	$	—
Municipal		—		—		—		—		108,423		108,423		—
Real estate-residential:
First mortgage		167		—		587		754		413,328		414,082		—
Second mortgage		—		—		—		—		34,550		34,550		—
Real estate-commercial:
Owner occupied		—		—		—		—		178,995		178,995		—
Non-owner occupied		—		—		—		—		271,678		271,678		—
Real estate-construction:
Residential		—		—		—		—		2,118		2,118		—
Commercial		—		—		—		—		38,630		38,630		—
Installment		—		—		—		—		2,370		2,370		—
Other		—		—		—		—		19		19		—
Total	$	205	$	—	$	587	$	792	$	1,257,140	$	1,257,932	$	—

Of the total past due loans in the aging table above,  $628 thousand are non-performing of which $0 are restructured loans and $0 were greater than 91 days past due and accruing.  There was a $164 thousand past due performing loan at September 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
					91 Days or								more past
	31-60 Days		61-90 Days		More		Total 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		—
Real estate-residential:
First mortgage		157		—		391		548		431,191		431,739		—
Second mortgage		33		—		79		112		37,678		37,790		—
Real estate-commercial:
Owner occupied		—		—		—		—		179,851		179,851		—
Non-owner occupied		202		22		—		224		232,372		232,596		—
Real estate-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 September 30, 2015 and average balance for the three and nine months ended September 30, 2015 are as follows:

								Three Months Ended	Nine Months Ended
								September 30, 2015	September 30, 2015
			Unpaid					Average		Average
	Recorded		Principal		Related			Recorded		Recorded
(In thousands)	Investment		Balance		Allowance			Investment		Investment
With no related allowance recorded
Commercial, financial and agricultural	$	566	$	572	$	—	$	571	$	303
Residential:
First mortgage		457		543		—		293		200
Second mortgage		—		—		—		52		70
Commercial Real Estate:
Owner occupied		—		—		—		—		—
Non-owner occupied		—		—		—		—		3
Construction:
Residential		—		—		—		—		—
Commercial		—		—		—		—		—
Installment		—		—		—		—		—
With related allowance recorded
Commercial, financial and agricultural		—		—		—		—		166
Residential:
First mortgage		381		383		139		541		497
Second mortgage		—		—		—		—		6
Commercial Real Estate:
Owner occupied		—		—		—		—		—
Total
Commercial, financial and agricultural		566		572		—		571		469
Residential:		838		926		139		886		773
Commercial Real Estate:		—		—		—		—		3
Construction		—		—		—		—		—
Installment		—		—		—		—		—
Total	$	1,404	$	1,498	$	139	$	1,457	$	1,245

Impaired loans by class at December 31, 2014 and average balance for the three and nine months ended September 30, 2014 are as follows:

							Three Months Ended		Nine Months Ended
							September 30, 2014		September 30, 2014
			Unpaid				Average		Average
	Recorded		Principal		Related		Recorded		Recorded
(In thousands)	Investment		Balance		Allowance		Investment		Investment
With no related allowance recorded
Commercial, financial and agricultural	$	134	$	136	$	—	$	66	$	65
Residential:
First mortgage		147		257		—		283		284
Second mortgage		79		79		—		131		156
Commercial Real Estate:
Owner occupied		—		—		—		—		17
Installment		—		—		—		—		—
With related allowance recorded
Commercial, financial and agricultural		—		—		—		—		16
Residential:
First mortgage		431		432		63		190		189
Second mortgage		—		—		—		—		—
Commercial Real Estate:
Owner occupied		—		—		—		156		159
Installment		—		—		—		—		—
Total
Commercial, financial and agricultural		134		136		—		66		81
Residential:		657		768		63		604		629
Commercial Real Estate:		—		—		—		156		176
Installment		—		—		—		-		—
Total	$	791	$	904	$	63	$	826	$	886

Nonperforming Loans

(In thousands)	September 30, 2015		December 31, 2014
Nonaccrual  loans	$	713	$	598
Loans greater than 90 days and accruing		—		—
Troubled debt restructurings ("TDRs")		691		193
Total nonperforming loans	$	1,404	$	791

Nonaccrual Loans By Class

(In thousands)	September 30, 2015		December 31, 2014
Commercial, financial and agricultural	$	6	$	88
Real estate - residential:
First mortgage		707		431
Second mortgage		—		79
Real estate - commercial:
Owner occupied		—		—
Non owner occupied		—		—
Installment		—		—
Total nonaccruing non-TDR loans	$	713	$	598
Nonaccruing TDR’s
Commercial, financial and agricultural		2		5
Real estate – residential:
First mortgage		49		58
Real estate - commercial:
Owner occupied		—		—
Total nonaccrual loans including TDRs	$	764	$	661

Summary Of Loans By Credit Quality Indicator

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

					Pass-		Special		Sub-
(In thousands)	Unrated		Pass		Watch		Mention		Standard		Total
Commercial, financial and agricultural	$	369		173,855		18,151		4,211		10,481	$	207,067
Municipal		69		95,495		10,991		1,868		—		108,423
Real estate – residential:
First mortgage		411,221		2,015		166		—		680		414,082
Second mortgage		34,550		—		—		—		—		34,550
Real estate – commercial:
Owner occupied		129		147,644		14,236		3,583		13,403		178,995
Non-owner occupied		167		252,110		15,670		2,140		1,591		271,678
Real estate – construction:
Residential		51		2,067		—		—		—		2,118
Commercial		172		34,147		2,474		—		1,837		38,630
Installment		2,370		—		—		—		—		2,370
All other loans		19		—		—		—		—		19
Total	$	449,117	$	707,333	$	61,688	$	11,802	$	27,992	$	1,257,932

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		—		94,366
Real estate – residential:
First mortgage		428,073		3,046		170		—		450		431,739
Second mortgage		37,790		—		—		—		—		37,790
Real estate – commercial:
Owner occupied		127		142,741		17,136		1,378		18,469		179,851
Non-owner occupied		249		208,128		22,345		—		1,874		232,596
Real estate – 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