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Loans (Tables)
 6 Months Ended
Jun. 30, 2018
Receivables [Abstract]  
Schedule of Net Loans
Total net loans at June 30, 2018 and December 31, 2017 are summarized as follows:
 
June 30, 2018
 
December 31, 2017
Commercial, industrial, and agricultural
$
808,565

 
$
749,138

Commercial mortgages
702,443

 
600,065

Residential real estate
738,839

 
713,347

Consumer
82,089

 
80,193

Credit cards
7,414

 
6,753

Overdrafts
299

 
352

Less: unearned discount
(4,357
)
 
(3,889
)
allowance for loan losses
(22,122
)
 
(19,693
)
Loans, net
$
2,313,170

 
$
2,126,266
Allowance for Loan Losses
Transactions in the allowance for loan losses for the three months ended June 30, 2018 were as follows:
 
Commercial,
Industrial, and
Agricultural
 
Commercial
Mortgages
 
Residential
Real
Estate
 
Consumer
 
Credit
Cards
 
Overdrafts
 
Total
Allowance for loan losses, April 1, 2018
$
6,282

 
$
10,020

 
$
2,052

 
$
2,065

 
$
123

 
$
214

 
$
20,756

Charge-offs
—

 
—

 
(77
)
 
(551
)
 
(26
)
 
(56
)
 
(710
)
Recoveries
94

 
—

 
9

 
35

 
17

 
16

 
171

Provision (benefit) for loan losses
767

 
595

 
(84
)
 
607

 
(13
)
 
33

 
1,905

Allowance for loan losses, June 30, 2018
$
7,143

 
$
10,615

 
$
1,900

 
$
2,156

 
$
101

 
$
207

 
$
22,122

Transactions in the allowance for loan losses for the six months ended June 30, 2018 were as follows:
 
Commercial,
Industrial, and
Agricultural
 
Commercial
Mortgages
 
Residential
Real
Estate
 
Consumer
 
Credit
Cards
 
Overdrafts
 
Total
Allowance for loan losses, January 1, 2018
$
6,160

 
$
9,007

 
$
2,033

 
$
2,179

 
$
120

 
$
194

 
$
19,693

Charge-offs
(31
)
 
—

 
(77
)
 
(1,141
)
 
(45
)
 
(142
)
 
(1,436
)
Recoveries
162

 
—

 
12

 
84

 
24

 
47

 
329

Provision (benefit) for loan losses
852

 
1,608

 
(68
)
 
1,034

 
2

 
108

 
3,536

Allowance for loan losses, June 30, 2018
$
7,143

 
$
10,615

 
$
1,900

 
$
2,156

 
$
101

 
$
207

 
$
22,122


Transactions in the allowance for loan losses for the three months ended June 30, 2017 were as follows:
 
Commercial,
Industrial, and
Agricultural
 
Commercial
Mortgages
 
Residential
Real
Estate
 
Consumer
 
Credit
Cards
 
Overdrafts
 
Total
Allowance for loan losses, April 1, 2017
$
4,785

 
$
7,357

 
$
2,022

 
$
2,089

 
$
105

 
$
188

 
$
16,546

Charge-offs
(29
)
 
—

 
(130
)
 
(531
)
 
(14
)
 
(60
)
 
(764
)
Recoveries
119

 
192

 
2

 
12

 
4

 
24

 
353

Provision (benefit) for loan losses
688

 
92

 
(224
)
 
498

 
47

 
33

 
1,134

Allowance for loan losses, June 30, 2017
$
5,563

 
$
7,641

 
$
1,670

 
$
2,068

 
$
142

 
$
185

 
$
17,269

Transactions in the allowance for loan losses for the six months ended June 30, 2017 were as follows:
 
Commercial,
Industrial, and
Agricultural
 
Commercial
Mortgages
 
Residential
Real
Estate
 
Consumer
 
Credit
Cards
 
Overdrafts
 
Total
Allowance for loan losses, January 1, 2017
$
5,428

 
$
6,753

 
$
1,653

 
$
2,215

 
$
93

 
$
188

 
$
16,330

Charge-offs
(30
)
 
—

 
(198
)
 
(1,266
)
 
(72
)
 
(129
)
 
(1,695
)
Recoveries
131

 
194

 
73

 
14

 
15

 
57

 
484

Provision (benefit) for loan losses
34

 
694

 
142

 
1,105

 
106

 
69

 
2,150

Allowance for loan losses, June 30, 2017
$
5,563

 
$
7,641

 
$
1,670

 
$
2,068

 
$
142

 
$
185

 
$
17,269
Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment
The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and is based on the Corporation’s impairment method as of June 30, 2018 and December 31, 2017. The recorded investment in loans excludes accrued interest and unearned discounts due to their insignificance.
June 30, 2018
 
Commercial,
Industrial, and
Agricultural
 
Commercial
Mortgages
 
Residential
Real
Estate
 
Consumer
 
Credit
Cards
 
Overdrafts
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending allowance balance attributable to loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
762

 
$
1

 
$
—

 
$
—

 
$
—

 
$
—

 
$
763

Collectively evaluated for impairment
6,124

 
4,348

 
1,900

 
2,156

 
101

 
207

 
14,836

Acquired with deteriorated credit quality
—

 
—

 
—

 
—

 
—

 
—

 
—

Modified in a troubled debt restructuring
257

 
6,266

 
—

 
—

 
—

 
—

 
6,523

Total ending allowance balance
$
7,143

 
$
10,615

 
$
1,900

 
$
2,156

 
$
101

 
$
207

 
$
22,122

Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
6,887

 
$
1,845

 
$
—

 
$
—

 
$
—

 
$
—

 
$
8,732

Collectively evaluated for impairment
796,806

 
686,881

 
738,839

 
82,089

 
7,414

 
299

 
2,312,328

Acquired with deteriorated credit quality
—

 
587

 
—

 
—

 
—

 
—

 
587

Modified in a troubled debt restructuring
4,872

 
13,130

 
—

 
—

 
—

 
—

 
18,002

Total ending loans balance
$
808,565

 
$
702,443

 
$
738,839

 
$
82,089

 
$
7,414

 
$
299

 
$
2,339,649

December 31, 2017
 
Commercial,
Industrial, and
Agricultural
 
Commercial
Mortgages
 
Residential
Real
Estate
 
Consumer
 
Credit
Cards
 
Overdrafts
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending allowance balance attributable to loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
47

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
47

Collectively evaluated for impairment
5,868

 
3,563

 
2,033

 
2,179

 
120

 
194

 
13,957

Acquired with deteriorated credit quality
—

 
—

 
—

 
—

 
—

 
—

 
—

Modified in a troubled debt restructuring
245

 
5,444

 
—

 
—

 
—

 
—

 
5,689

Total ending allowance balance
$
6,160

 
$
9,007

 
$
2,033

 
$
2,179

 
$
120

 
$
194

 
$
19,693

Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
1,187

 
$
51

 
$
—

 
$
—

 
$
—

 
$
—

 
$
1,238

Collectively evaluated for impairment
742,738

 
586,845

 
713,347

 
80,193

 
6,753

 
352

 
2,130,228

Acquired with deteriorated credit quality
—

 
1,079

 
—

 
—

 
—

 
—

 
1,079

Modified in a troubled debt restructuring
5,213

 
12,090

 
—

 
—

 
—

 
—

 
17,303

Total ending loans balance
$
749,138

 
$
600,065

 
$
713,347

 
$
80,193

 
$
6,753

 
$
352

 
$
2,149,848
Loans Individually Evaluated for Impairment Including Loans Modified in Troubled Debt Restructurings by Portfolio Segment
The following tables present information related to loans individually evaluated for impairment, including loans modified in troubled debt restructurings, by portfolio segment as of June 30, 2018 and December 31, 2017 and for the three and six months ended June 30, 2018 and 2017:
June 30, 2018
 
Unpaid Principal
Balance
 
Recorded
Investment
 
Allowance for Loan
Losses Allocated
With an allowance recorded:
 
 
 
 
 
Commercial, industrial, and agricultural
$
5,828

 
$
5,824

 
$
1,019

Commercial mortgage
9,753

 
9,091

 
6,267

Residential real estate
—

 
—

 
—

With no related allowance recorded:
 
 
 
 
 
Commercial, industrial, and agricultural
6,853

 
5,935

 
—

Commercial mortgage
6,890

 
5,884

 
—

Residential real estate
—

 
—

 
—

Total
$
29,324

 
$
26,734

 
$
7,286

December 31, 2017
 
Unpaid Principal
Balance
 
Recorded
Investment
 
Allowance for Loan
Losses Allocated
With an allowance recorded:
 
 
 
 
 
Commercial, industrial, and agricultural
$
1,915

 
$
1,915

 
$
292

Commercial mortgage
9,940

 
9,731

 
5,444

Residential real estate
—

 
—

 
—

With no related allowance recorded:
 
 
 
 
 
Commercial, industrial, and agricultural
5,264

 
4,485

 
—

Commercial mortgage
3,211

 
2,410

 
—

Residential real estate
—

 
—

 
—

Total
$
20,330

 
$
18,541

 
$
5,736
Impaired Financing Receivables with Related and not Related Allowances
 
Three months ended June 30, 2018
 
Three months ended June 30, 2017
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
Cash Basis
Interest
Recognized
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
Cash Basis
Interest
Recognized
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial, industrial, and agricultural
$
3,838

 
$
21

 
$
21

 
$
1,398

 
$
18

 
$
18

Commercial mortgage
8,738

 
56

 
56

 
12,505

 
71

 
71

Residential real estate
—

 
—

 
—

 
—

 
—

 
—

With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial, industrial, and agricultural
5,326

 
45

 
45

 
1,833

 
34

 
34

Commercial mortgage
5,490

 
33

 
33

 
2,447

 
67

 
67

Residential real estate
—

 
—

 
—

 
—

 
—

 
—

Total
$
23,392

 
$
155

 
$
155

 
$
18,183

 
$
190

 
$
190

 
Six months ended June 30, 2018
 
Six months ended June 30, 2017
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
Cash Basis
Interest
Recognized
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
Cash Basis
Interest
Recognized
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial, industrial, and agricultural
$
3,197

 
$
43

 
$
43

 
$
1,480

 
$
36

 
$
36

Commercial mortgage
9,069

 
74

 
74

 
13,459

 
216

 
216

Residential real estate
—

 
—

 
—

 
—

 
—

 
—

With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial, industrial, and agricultural
5,045

 
91

 
91

 
1,812

 
50

 
50

Commercial mortgage
4,463

 
46

 
46

 
1,631

 
67

 
67

Residential real estate
—

 
—

 
—

 
—

 
—

 
—

Total
$
21,774

 
$
254

 
$
254

 
$
18,382

 
$
369

 
$
369
Nonaccrual Loans and Loans Past Due over 90 Days Still Accruing Interest by Class of Loans
The following table presents the recorded investment in nonaccrual loans and loans past due over 90 days still accruing interest by class of loans as of June 30, 2018 and December 31, 2017:
 
 
June 30, 2018
 
December 31, 2017
 
Nonaccrual
 
Past Due
Over 90 Days
Still on Accrual
 
Nonaccrual
 
Past Due
Over 90 Days
Still on Accrual
Commercial, industrial, and agricultural
$
8,193

 
$
—

 
$
1,869

 
$
78

Commercial mortgages
10,207

 
—

 
11,065

 
—

Residential real estate
5,272

 
301

 
5,470

 
338

Consumer
646

 
10

 
828

 
17

Credit cards
—

 
34

 
—

 
44

Total
$
24,318

 
$
345

 
$
19,232

 
$
477
Aging of Recorded Investment in Past Due Loans
The following table presents the aging of the recorded investment in past due loans as of June 30, 2018 and December 31, 2017 by class of loans.
June 30, 2018
 
30-59 Days
Past Due
 
60-89 Days
Past Due
 
Greater Than
89 Days
Past Due
 
Total
Past Due
 
Loans Not
Past Due
 
Total
Commercial, industrial, and agricultural
$
4,207

 
$
2,245

 
$
958

 
$
7,410

 
$
801,155

 
$
808,565

Commercial mortgages
54

 
—

 
—

 
54

 
702,389

 
702,443

Residential real estate
1,408

 
975

 
4,258

 
6,641

 
732,198

 
738,839

Consumer
1,125

 
26

 
148

 
2,111

 
79,978

 
82,089

Credit cards
30

 
14

 
—

 
44

 
7,370

 
7,414

Overdrafts
—

 
—

 
—

 
—

 
299

 
299

Total
$
6,824

 
$
3,260

 
$
5,364

 
$
16,260

 
$
2,323,389

 
$
2,339,649

December 31, 2017
 
30-59 Days
Past Due
 
60-89 Days
Past Due
 
Greater Than
89 Days
Past Due
 
Total
Past Due
 
Loans Not
Past Due
 
Total
Commercial, industrial, and agricultural
$
2,745

 
$
646

 
$
748

 
$
4,139

 
$
744,999

 
$
749,138

Commercial mortgages
233

 
—

 
292

 
525

 
599,540

 
600,065

Residential real estate
2,290

 
1,494

 
4,655

 
8,439

 
704,908

 
713,347

Consumer
454

 
307

 
812

 
1,573

 
78,620

 
80,193

Credit cards
31

 
10

 
44

 
85

 
6,668

 
6,753

Overdrafts
—

 
—

 
—

 
—

 
352

 
352

Total
$
5,753

 
$
2,457

 
$
6,551

 
$
14,761

 
$
2,135,087

 
$
2,149,848
Restructured in Troubled Debt
 
Three and six months ended June 30, 2018
 
Number of
Loans
 
Pre-Modification Outstanding Recorded Investment
 
Post-Modification Outstanding Recorded Investment
Commercial, industrial, and agricultural
—

 
$
—

 
$
—

Commercial mortgages
4

 
1,091

 
1,091

Residential real estate
—

 
—

 
—

Consumer
—

 
—

 
—

Credit cards
—

 
—

 
—

Total
4

 
$
1,091

 
$
1,091

The following table presents the number of loans, loan balances, and specific reserves for loans that have been restructured in a troubled debt restructuring as of June 30, 2018 and December 31, 2017.
 
June 30, 2018
 
December 31, 2017
 
Number of
Loans
 
Loan
Balance
 
Specific
Reserve
 
Number of
Loans
 
Loan
Balance
 
Specific
Reserve
Commercial, industrial, and agricultural
11

 
$
4,872

 
$
257

 
11

 
$
5,213

 
$
245

Commercial mortgages
13

 
13,130

 
6,266

 
9

 
12,090

 
5,444

Residential real estate
—

 
—

 
—

 
—

 
—

 
—

Consumer
—

 
—

 
—

 
—

 
—

 
—

Credit cards
—

 
—

 
—

 
—

 
—

 
—

Total
24

 
$
18,002

 
$
6,523

 
20

 
$
17,303

 
$
5,689
Schedule of Loan Assigned Risk Rating within 12 Months of Balance Sheet Date
Loans not rated as special mention, substandard, or doubtful are considered to be pass rated loans. All loans included in the following tables have been assigned a risk rating within 12 months of the balance sheet date.
June 30, 2018
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Total
Commercial, industrial, and agricultural
$
776,022

 
$
11,255

 
$
21,288

 
$
—

 
$
808,565

Commercial mortgages
681,587

 
5,961

 
14,895

 
—

 
702,443

Total
$
1,457,609

 
$
17,216

 
$
36,183

 
$
—

 
$
1,511,008

December 31, 2017
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Total
Commercial, industrial, and agricultural
$
713,102

 
$
16,726

 
$
19,310

 
$
—

 
$
749,138

Commercial mortgages
581,631

 
4,419

 
14,015

 
—

 
600,065

Total
$
1,294,733

 
$
21,145

 
$
33,325

 
$
—

 
$
1,349,203
Recorded Investment in Residential, Consumer and Credit Card Loans Based on Payment Activity
The following table presents the recorded investment in residential, consumer, and credit card loans based on payment activity as of June 30, 2018 and December 31, 2017:
 
 
June 30, 2018
 
December 31, 2017
 
Residential
Real Estate
 
Consumer
 
Credit
Cards
 
Residential
Real Estate
 
Consumer
 
Credit
Cards
Performing
$
733,266

 
$
81,433

 
$
7,380

 
$
707,539

 
$
79,348

 
$
6,709

Nonperforming
5,573

 
656

 
34

 
5,808

 
845

 
44

Total
$
738,839

 
$
82,089

 
$
7,414

 
$
713,347

 
$
80,193

 
$
6,753
Summary of Holiday's Loan Portfolio
Holiday’s loan portfolio is summarized as follows at June 30, 2018 and December 31, 2017:
 
June 30, 2018
 
December 31, 2017
Consumer
$
24,322

 
$
23,428

Less: unearned discount
(4,357
)
 
(3,889
)
Total
$
19,965

 
$
19,539