XML 37 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
Loans (Tables)
9 Months Ended
Sep. 30, 2017
Receivables [Abstract]  
Schedule of loans, excluding loans held for sale
Loans, excluding loans held for sale, at September 30, 2017 and December 31, 2016, were comprised of the following (dollars in thousands):
 
September 30,
2017
 
December 31, 2016
Commercial
$
230,484

 
$
208,717

Commercial real estate:
 

 
 

Construction and land development
137,869

 
114,258

Commercial real estate
602,434

 
510,960

Residential real estate:
 

 
 

Residential
209,201

 
215,104

Home equity
110,926

 
110,751

Consumer
4,240

 
5,031

Total loans
$
1,295,154

 
$
1,164,821

Schedule stating outstanding principal balance and the carrying amount of loan acquired
The outstanding principal balance and the carrying amount of these loans included in the consolidated balance sheets at September 30, 2017 and December 31, 2016 are as follows (dollars in thousands):
 
September 30,
2017
 
December 31, 2016
Outstanding principal balance
$
84,832

 
$
104,172

Carrying amount
78,635

 
96,487

The outstanding principal balance and related carrying amount of acquired impaired loans, for which the Company applies FASB Accounting Standards Codification ("ASC") 310-30 to account for interest earned, as of the indicated dates are as follows (dollars in thousands):
 
September 30,
2017
 
December 31, 2016
Outstanding principal balance
$
29,648

 
$
34,378

Carrying amount
24,860

 
28,669

Schedule of changes in the accretable yield on acquired impaired loans
The following table presents changes in the accretable yield on acquired impaired loans, for which the Company applies FASB ASC 310-30, for the nine months ended September 30, 2017 and the year ended December 31, 2016 (dollars in thousands):
 
September 30, 2017
 
December 31, 2016
Balance at January 1
$
6,103

 
$
7,299

Accretion
(607
)
 
(3,232
)
Reclassification from nonaccretable difference
380

 
2,197

Other changes, net*
(463
)
 
(161
)
 
$
5,413

 
$
6,103


*This line item represents changes in the cash flows expected to be collected due to the impact of non-credit changes such as prepayment assumptions, changes in interest rates on variable rate acquired impaired loans, and discounted payoffs that occurred in the period.
Schedule of analysis by portfolio segment of the entity's past due loans
The following table shows an analysis by portfolio segment of the Company's past due loans at September 30, 2017 (dollars in thousands):
 
30- 59 Days
Past Due
 
60-89 Days
Past Due
 
90 Days +
Past Due
and Still
Accruing
 
Non-
Accrual
Loans
 
Total
Past
Due
 
Current
 
Total
Loans
Commercial
$
22

 
$
20

 
$

 
$
143

 
$
185

 
$
230,299

 
$
230,484

Commercial real estate:
 

 
 

 
 

 
 

 
 

 
 

 
 

Construction and land development

 

 

 
58

 
58

 
137,811

 
137,869

Commercial real estate
33

 
239

 
279

 
803

 
1,354

 
601,080

 
602,434

Residential:
 

 
 

 
 

 
 

 
 

 
 

 
 

Residential
196

 
257

 
259

 
1,244

 
1,956

 
207,245

 
209,201

Home equity
22

 

 

 
249

 
271

 
110,655

 
110,926

Consumer
8

 

 

 
1

 
9

 
4,231

 
4,240

Total
$
281

 
$
516

 
$
538

 
$
2,498

 
$
3,833

 
$
1,291,321

 
$
1,295,154

The following table shows an analysis by portfolio segment of the Company's past due loans at December 31, 2016 (dollars in thousands):
 
30- 59 Days
Past Due
 
60-89 Days
Past Due
 
90 Days +
Past Due
and Still
Accruing
 
Non-
Accrual
Loans
 
Total
Past
Due
 
Current
 
Total
Loans
Commercial
$
50

 
$

 
$

 
$
19

 
$
69

 
$
208,648

 
$
208,717

Commercial real estate:
 

 
 

 
 

 
 

 
 

 
 

 
 

Construction and land development
60

 
12

 

 
64

 
136

 
114,122

 
114,258

Commercial real estate

 
127

 
339

 
773

 
1,239

 
509,721

 
510,960

Residential:
 

 
 

 
 

 
 

 
 

 
 

 
 

Residential
1,280

 
117

 
248

 
1,802

 
3,447

 
211,657

 
215,104

Home equity
229

 

 

 
289

 
518

 
110,233

 
110,751

Consumer
6

 
5

 

 
18

 
29

 
5,002

 
5,031

Total
$
1,625

 
$
261

 
$
587

 
$
2,965

 
$
5,438

 
$
1,159,383

 
$
1,164,821

Schedule of impaired loan balances by portfolio segment
The following table presents the Company's impaired loan balances by portfolio segment, excluding acquired impaired loans, at December 31, 2016 (dollars in thousands):
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial
$
24

 
$
24

 
$

 
$
12

 
$
2

Commercial real estate:
 

 
 

 
 

 
 

 
 

Construction and land development
158

 
157

 

 
198

 
16

Commercial real estate
1,916

 
1,917

 

 
1,409

 
107

Residential:
 

 
 

 
 

 
 

 
 

Residential
557

 
567

 

 
318

 
38

Home equity
6

 
6

 

 
153

 
16

Consumer
9

 
9

 

 
10

 
1

 
$
2,670

 
$
2,680

 
$

 
$
2,100

 
$
180

With a related allowance recorded:
 

 
 

 
 

 
 

 
 

Commercial*
$
19

 
$
19

 
$

 
$
78

 
$
1

Commercial real estate:
 

 
 

 
 

 
 

 
 

Construction and land development*
64

 
65

 

 
272

 
10

Commercial real estate*
48

 
48

 

 
286

 
7

Residential:
 

 
 

 
 

 
 

 
 

Residential
1,639

 
1,639

 
22

 
1,593

 
32

Home equity
386

 
385

 
1

 
345

 
4

Consumer*
18

 
18

 

 
14

 

 
$
2,174

 
$
2,174

 
$
23

 
$
2,588

 
$
54

Total:
 

 
 

 
 

 
 

 
 

Commercial
$
43

 
$
43

 
$

 
$
90

 
$
3

Commercial real estate:
 

 
 

 
 

 
 

 
 

Construction and land development
222

 
222

 

 
470

 
26

Commercial real estate
1,964

 
1,965

 

 
1,695

 
114

Residential:
 

 
 

 
 

 
 

 
 

Residential
2,196

 
2,206

 
22

 
1,911

 
70

Home equity
392

 
391

 
1

 
498

 
20

Consumer
27

 
27

 

 
24

 
1

 
$
4,844

 
$
4,854

 
$
23

 
$
4,688

 
$
234


*Allowance is reported as zero in the table due to presentation in thousands and rounding.
The following table presents the Company's impaired loan balances by portfolio segment, excluding acquired impaired loans, at September 30, 2017 (dollars in thousands):
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial
$

 
$

 
$

 
$
17

 
$
1

Commercial real estate:
 

 
 

 
 

 
 

 
 

Construction and land development

 

 

 
124

 
4

Commercial real estate
1,053

 
1,051

 

 
1,274

 
55

Residential:
 

 
 

 
 

 
 

 
 

Residential
962

 
964

 

 
432

 
32

Home equity
144

 
144

 

 
132

 
8

Consumer
6

 
6

 

 
9

 

 
$
2,165

 
$
2,165

 
$

 
$
1,988

 
$
100

With a related allowance recorded:
 

 
 

 
 

 
 

 
 

Commercial
$
257

 
$
255

 
$
155

 
$
98

 
$
9

Commercial real estate:
 

 
 

 
 

 
 

 
 

Construction and land development*
59

 
59

 

 
193

 

Commercial real estate*
95

 
93

 

 
208

 

Residential
 

 
 

 
 

 
 

 
 

Residential
795

 
794

 
9

 
1,446

 
22

Home equity
269

 
268

 
1

 
311

 
1

Consumer*
1

 
1

 

 
11

 

 
$
1,476

 
$
1,470

 
$
165

 
$
2,267

 
$
32

Total:
 

 
 

 
 

 
 

 
 

Commercial
$
257

 
$
255

 
$
155

 
$
115

 
$
10

Commercial real estate:
 

 
 

 
 

 
 

 
 

Construction and land development
59

 
59

 

 
317

 
4

Commercial real estate
1,148

 
1,144

 

 
1,482

 
55

Residential:
 

 
 

 
 

 
 

 
 

Residential
1,757

 
1,758

 
9

 
1,878

 
54

Home equity
413

 
412

 
1

 
443

 
9

Consumer
7

 
7

 

 
20

 

 
$
3,641

 
$
3,635

 
$
165

 
$
4,255

 
$
132

*Allowance is reported as zero in the table due to presentation in thousands and rounding.
Schedule of detail of loans modified as troubled debt restructurings
The following tables show the detail of loans modified as troubled debt restructurings ("TDRs") during the three and nine months ended September 30, 2017 included in the impaired loan balances (dollars in thousands):
 
 
Loans Modified as a TDR for the
 
 
Three Months Ended September 30, 2017
Loan Type
 
Number of Contracts
 
Pre-Modification
Outstanding Recorded
Investment
 
Post-Modification
Outstanding Recorded
Investment
Commercial
 
1

 
$
45

 
$
45

Commercial real estate
 

 

 

Construction and land development
 

 

 

Home Equity
 

 

 

Residential real estate
 

 

 

Consumer
 

 

 

Total
 
1

 
$
45

 
$
45

 
 
Loans Modified as a TDR for the
 
 
Nine Months Ended September 30, 2017
Loan Type
 
Number of Contracts
 
Pre-Modification
Outstanding Recorded
Investment
 
Post-Modification
Outstanding Recorded
Investment
Commercial
 
4

 
$
118

 
$
118

Commercial real estate
 

 

 

Construction and land development
 

 

 

Home Equity
 
2

 
57

 
57

Residential real estate
 

 

 

Consumer
 

 

 

Total
 
6

 
$
175

 
$
175

The following tables show the detail of loans modified as TDRs during the three and nine months ended September 30, 2016 included in the impaired loan balances (dollars in thousands):
 
 
Loans Modified as a TDR for the
 
 
Three Months Ended September 30, 2016
Loan Type
 
Number of Contracts
 
Pre-Modification
Outstanding Recorded
Investment
 
Post-Modification
Outstanding Recorded
Investment
Commercial
 

 
$

 
$

Commercial real estate
 

 

 

Construction and land development
 

 

 

Home Equity
 

 

 

Residential real estate
 
1

 
56

 
47

Consumer
 

 

 

Total
 
1

 
$
56

 
$
47

 
 
Loans Modified as a TDR for the
 
 
Nine Months Ended September 30, 2016
Loan Type
 
Number of Contracts
 
Pre-Modification
Outstanding Recorded
Investment
 
Post-Modification
Outstanding Recorded
Investment
Commercial
 
1

 
$
24

 
$
24

Commercial real estate
 
2

 
1,005

 
1,003

Construction and land development
 

 

 

Home Equity
 

 

 

Residential real estate
 
2

 
58

 
48

Consumer
 

 

 

Total
 
5

 
$
1,087

 
$
1,075

Schedule of commercial loan portfolio broken down by internal risk grading
The following table shows the Company's loan portfolio broken down by internal risk grading as of September 30, 2017 (dollars in thousands):
Commercial and Consumer Credit Exposure
Credit Risk Profile by Internally Assigned Grade
 
Commercial
 
Construction and Land Development
 
Commercial
Real Estate
Other
 
Residential
 
Home
Equity
Pass
$
229,337

 
$
129,841

 
$
590,827

 
$
197,317

 
$
108,862

Special Mention
854

 
6,507

 
6,253

 
7,808

 
1,424

Substandard
293

 
1,521

 
5,354

 
4,076

 
640

Doubtful

 

 

 

 

Total
$
230,484

 
$
137,869

 
$
602,434

 
$
209,201

 
$
110,926

Consumer Credit Exposure
Credit Risk Profile Based on Payment Activity
 
Consumer
 
 
Performing
$
4,235

Nonperforming
5

Total
$
4,240

 
The following table shows the Company's loan portfolio broken down by internal risk grading as of December 31, 2016 (dollars in thousands):
Commercial and Consumer Credit Exposure
Credit Risk Profile by Internally Assigned Grade
 
Commercial
 
Construction and Land Development
 
Commercial
Real Estate
Other
 
Residential
 
Home
Equity
Pass
$
208,098

 
$
112,729

 
$
501,081

 
$
199,278

 
$
108,799

Special Mention
592

 
902

 
4,859

 
10,600

 
1,257

Substandard
27

 
627

 
5,020

 
5,226

 
695

Doubtful

 

 

 

 

Total
$
208,717

 
$
114,258

 
$
510,960

 
$
215,104

 
$
110,751

Consumer Credit Exposure
Credit Risk Profile Based on Payment Activity
 
Consumer
 
 
Performing
$
5,003

Nonperforming
28

Total
$
5,031