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LOANS (Tables)
 12 Months Ended
Dec. 31, 2015
Receivables [Abstract]  
Summary of the Loan Portfolio
The loan portfolio consisted of the following (in thousands):
 
 
December 31,
 
 
2015
 
2014
Commercial, financial and agricultural
 
$
454,028

 
$
467,147

Real estate – construction
 
74,952

 
68,577

Real estate – commercial
 
471,141

 
467,172

Real estate – residential
 
149,064

 
154,602

Installment loans to individuals
 
111,009

 
119,328

Lease financing receivable
 
1,968

 
4,857

Other
 
1,483

 
2,748

 
 
1,263,645

 
1,284,431

Less allowance for loan losses
 
(19,011
)
 
(11,226
)
 
 
$
1,244,634

 
$
1,273,205
Summary of Activity in Allowance for Loan Losses
An analysis of the activity in the allowance for loan losses is as follows (in thousands):
 
 
December 31,
 
 
2015
 
2014
 
2013
Balance, beginning of year
 
$
11,226

 
$
8,779

 
$
7,370

Provision for loan losses
 
13,900

 
5,625

 
3,050

Recoveries
 
459

 
738

 
265

Loans charged-off
 
(6,574
)
 
(3,916
)
 
(1,906
)
Balance, end of year
 
$
19,011

 
$
11,226

 
$
8,779
Roll Forward of Activity
A rollforward of the activity within the allowance for loan losses by loan type and recorded investment in loans for the years ended December 31, 2015 and 2014 is as follows (in thousands):
 
 
December 31, 2015
 
 
 
 
Real Estate
 
 
 
 
 
 
 
 
 
 
Coml, fin,
and agric
 
Construction
 
Commercial
 
Residential
 
Installment loans to individuals
 
Lease financing receivable
 
Other
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
 
$
5,729

 
$
954

 
$
2,402

 
$
810

 
$
1,311

 
$
16

 
$
4

 
$
11,226

Charge-offs
 
(4,936
)
 
(105
)
 
(183
)
 
(87
)
 
(1,263
)
 
—

 
—

 
(6,574
)
Recoveries
 
235

 
3

 
26

 
12

 
183

 
—

 
—

 
459

Provision
 
10,240

 
(33
)
 
2,369

 
81

 
1,237

 
(2
)
 
8

 
13,900

Ending balance
 
$
11,268

 
$
819

 
$
4,614

 
$
816

 
$
1,468

 
$
14

 
$
12

 
$
19,011

Ending balance: individually evaluated for impairment
 
$
961

 
$
—

 
$
1,585

 
$
160

 
$
221

 
$
—

 
$
—

 
$
2,927

Ending balance: collectively evaluated for impairment
 
$
10,307

 
$
819

 
$
3,029

 
$
656

 
$
1,247

 
$
14

 
$
12

 
$
16,084

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Ending balance
 
$
454,028

 
$
74,952

 
$
471,141

 
$
149,064

 
$
111,009

 
$
1,968

 
$
1,483

 
$
1,263,645

Ending balance: individually evaluated for impairment
 
$
27,718

 
$
37

 
$
19,890

 
$
1,903

 
$
404

 
$
—

 
$
—

 
$
49,952

Ending balance: collectively evaluated for impairment
 
$
426,310

 
$
74,915

 
$
450,631

 
$
147,080

 
$
110,605

 
$
1,968

 
$
1,483

 
$
1,212,992

Ending balance: loans acquired with deteriorated credit quality
 
$
—

 
$
—

 
$
620

 
$
81

 
$
—

 
$
—

 
$
—

 
$
701

 
 
December 31, 2014
 
 
 
 
Real Estate
 
 
 
 
 
 
 
 
 
 
Coml, fin, and agric
 
Construction
 
Commercial
 
Residential
 
Installment loans to individuals
 
Lease financing receivable
 
Other
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
 
$
3,906

 
$
1,046

 
$
1,389

 
$
1,141

 
$
1,273

 
$
21

 
$
3

 
$
8,779

Charge-offs
 
(2,843
)
 
(1
)
 
(93
)
 
(273
)
 
(706
)
 
—

 
—

 
(3,916
)
Recoveries
 
164

 
—

 
407

 
47

 
120

 
—

 
—

 
738

Provision
 
4,502

 
(91
)
 
699

 
(105
)
 
624

 
(5
)
 
1

 
5,625

Ending balance
 
$
5,729

 
$
954

 
$
2,402

 
$
810

 
$
1,311

 
$
16

 
$
4

 
$
11,226

Ending balance: individually evaluated for impairment
 
$
1,010

 
$
—

 
$
907

 
$
68

 
$
179

 
$
—

 
$
—

 
$
2,164

Ending balance: collectively evaluated for impairment
 
$
4,719

 
$
954

 
$
1,495

 
$
742

 
$
1,132

 
$
16

 
$
4

 
$
9,062

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Ending balance
 
$
467,147

 
$
68,577

 
$
467,172

 
$
154,602

 
$
119,328

 
$
4,857

 
$
2,748

 
$
1,284,431

Ending balance: individually evaluated for impairment
 
$
2,656

 
$
54

 
$
6,388

 
$
1,072

 
$
377

 
$
—

 
$
—

 
$
10,547

Ending balance: collectively evaluated for impairment
 
$
464,491

 
$
68,523

 
$
460,118

 
$
153,436

 
$
118,951

 
$
4,857

 
$
2,748

 
$
1,273,124

Ending balance: loans acquired with deteriorated credit quality
 
$
—

 
$
—

 
$
666

 
$
94

 
$
—

 
$
—

 
$
—

 
$
760
Age Analysis of Past Due Loans
An age analysis of past due loans (including both accruing and non-accruing loans) is as follows (in thousands):
 
 
December 31, 2015
 
 
30-59 Days Past Due
 
60-89 Days Past Due
 
Greater than 90 Days Past Due
 
Total Past Due
 
Current
 
Total Loans
 
Recorded Investment > 90 days and Accruing
Commercial, financial, and agricultural
 
$
1,362

 
$
2,317

 
$
25,696

 
$
29,375

 
$
424,653

 
$
454,028

 
$
59

Commercial real estate - construction
 
1,047

 
—

 
12

 
1,059

 
55,839

 
56,898

 
—

Commercial real estate - other
 
1,164

 
514

 
19,512

 
21,190

 
449,951

 
471,141

 
—

Residential - construction
 
—

 
—

 
—

 
—

 
18,054

 
18,054

 
—

Residential - prime
 
1,703

 
367

 
1,563

 
3,633

 
145,431

 
149,064

 
19

Consumer - credit card
 
38

 
25

 
22

 
85

 
5,970

 
6,055

 
22

Consumer - other
 
984

 
219

 
387

 
1,590

 
103,364

 
104,954

 
47

Lease financing receivable
 
—

 
—

 
—

 
—

 
1,968

 
1,968

 
—

Other loans
 
101

 
4

 
—

 
105

 
1,378

 
1,483

 
—

 
 
$
6,399

 
$
3,446

 
$
47,192

 
$
57,037

 
$
1,206,608

 
$
1,263,645

 
$
147

 
 
 
December 31, 2014
 
 
30-59 Days Past Due
 
60-89 Days Past Due
 
Greater than 90 Days Past Due
 
Total Past Due
 
Current
 
Total Loans
 
Recorded Investment > 90 days and Accruing
Commercial, financial, and agricultural
 
$
2,179

 
$
654

 
$
2,556

 
$
5,389

 
$
461,758

 
$
467,147

 
$
26

Commercial real estate - construction
 
15

 
—

 
105

 
120

 
43,390

 
43,510

 
97

Commercial real estate - other
 
4,989

 
270

 
2,464

 
7,723

 
459,449

 
467,172

 
—

Residential - construction
 
431

 
—

 
—

 
431

 
24,636

 
25,067

 
—

Residential - prime
 
1,843

 
523

 
704

 
3,070

 
151,532

 
154,602

 
—

Consumer - credit card
 
5

 
19

 
18

 
42

 
5,970

 
6,012

 
18

Consumer - other
 
671

 
392

 
107

 
1,170

 
112,146

 
113,316

 
46

Lease financing receivable
 
—

 
—

 
—

 
—

 
4,857

 
4,857

 
—

Other loans
 
134

 
—

 
—

 
134

 
2,614

 
2,748

 
—

 
 
$
10,267

 
$
1,858

 
$
5,954

 
$
18,079

 
$
1,266,352

 
$
1,284,431

 
$
187
Schedule of Non-Accrual Loans
Non-accrual loans are as follows (in thousands): 
 
 
December 31,
 
 
2015
 
2014
Commercial, financial and agricultural
 
$
27,705

 
$
2,642

Commercial real estate – construction
 
37

 
54

Commercial real estate – other
 
19,907

 
6,429

Residential - construction
 
—

 
—

Residential - prime
 
1,998

 
1,194

Consumer – credit card
 
—

 
—

Consumer - other
 
404

 
382

Lease financing receivable
 
—

 
—

Other
 
—

 
—

 
 
$
50,051

 
$
10,701
Schedule of Loans that are Individually Evaluated for Impairment
Loans that are individually evaluated for impairment are as follows (in thousands):
 
 
December 31, 2015
 
 
Recorded Investment
 
Unpaid Principal Balance
 
Related Allowance
 
Average Recorded Investment
 
Interest Income Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
Commercial, financial, and agricultural
 
$
22,529

 
$
22,793

 
$
—

 
$
11,484

 
$
745

Commercial real estate – construction
 
37

 
37

 
—

 
45

 
—

Commercial real estate – other
 
5,886

 
5,886

 
—

 
3,903

 
97

Residential – prime
 
1,365

 
1,385

 
—

 
954

 
17

Consumer – other
 
34

 
34

 
—

 
56

 
—

Subtotal:
 
29,851

 
30,135

 
—

 
16,442

 
859

With an allowance recorded:
 
 

 
 

 
 

 
 

 
 

Commercial, financial, and agricultural
 
5,189

 
6,373

 
961

 
3,704

 
138

Commercial real estate – other
 
14,004

 
14,004

 
1,585

 
9,236

 
161

Residential – prime
 
538

 
538

 
160

 
533

 
7

Consumer – other
 
370

 
384

 
221

 
334

 
8

Subtotal:
 
20,101

 
21,299

 
2,927

 
13,807

 
314

Totals:
 
 

 
 

 
 

 
 

 
 

Commercial
 
47,645

 
49,093

 
2,546

 
28,372

 
1,141

Residential
 
1,903

 
1,923

 
160

 
1,487

 
24

Consumer
 
404

 
418

 
221

 
390

 
8

Grand total:
 
$
49,952

 
$
51,434

 
$
2,927

 
$
30,249

 
$
1,173

 
 
December 31, 2014
 
 
Recorded Investment
 
Unpaid Principal Balance
 
Related Allowance
 
Average Recorded Investment
 
Interest Income Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
Commercial, financial, and agricultural
 
$
438

 
$
521

 
$
—

 
$
554

 
$
—

Commercial real estate – construction
 
54

 
54

 
—

 
58

 
—

Commercial real estate – other
 
1,921

 
1,921

 
—

 
1,885

 
17

Residential – prime
 
543

 
543

 
—

 
534

 
15

Consumer – other
 
78

 
78

 
—

 
72

 
—

Subtotal:
 
3,034

 
3,117

 
—

 
3,103

 
32

With an allowance recorded:
 
 

 
 

 
 

 
 

 
 

Commercial, financial, and agricultural
 
2,218

 
2,333

 
1,010

 
1,394

 
35

Commercial real estate – construction
 
—

 
—

 
—

 
19

 
—

Commercial real estate – other
 
4,467

 
4,467

 
907

 
2,416

 
220

Residential – prime
 
529

 
548

 
68

 
452

 
3

Consumer – other
 
299

 
313

 
179

 
252

 
4

Subtotal:
 
7,513

 
7,661

 
2,164

 
4,533

 
262

Totals:
 
 

 
 

 
 

 
 

 
 

Commercial
 
9,098

 
9,296

 
1,917

 
6,326

 
272

Residential
 
1,072

 
1,091

 
68

 
986

 
18

Consumer
 
377

 
391

 
179

 
324

 
4

Grand total:
 
$
10,547

 
$
10,778

 
$
2,164

 
$
7,636

 
$
294
Schedule of Classes of Loans by Risk Rating
The following tables present the classes of loans by risk rating (in thousands):
 
 
December 31, 2015
Commercial Credit Exposure
 
 
 
 
 
 
 
 
Credit Risk Profile by Creditworthiness Category
 
 
 
 
 
 
 
 
 
 
Commercial, financial, and agricultural
 
Commercial real estate –construction
 
Commercial real estate – other
 
Percentage of Total
Pass
 
$
383,897

 
$
56,740

 
$
412,141

 
86.84
%
Special mention
 
32,506

 
34

 
28,217

 
6.18
%
Substandard
 
37,353

 
124

 
30,783

 
6.95
%
Doubtful
 
272

 
—

 
—

 
0.03
%
 
 
$
454,028

 
$
56,898

 
$
471,141

 
100.00
%
 
Consumer Credit Exposure
 
 
 
 
 
 
 
 
Credit Risk Profile by Creditworthiness Category
 
 
 
 
 
 
 
 
 
 
Residential – construction
 
Residential – prime
 
Residential – subprime
 
Percentage of Total
Pass
 
$
18,054

 
$
144,704

 
$
—

 
97.39
%
Special mention
 
—

 
1,225

 
—

 
0.73
%
Substandard
 
—

 
3,135

 
—

 
1.88
%
 
 
$
18,054

 
$
149,064

 
$
—

 
100.00
%
 
Consumer and Commercial Credit Exposure
 
 
 
 
 
 
 
 
 
 
Credit Risk Profile Based on Payment Activity
 
 
 
 
 
 
 
 
 
 
 
 
Consumer - credit card
 
Consumer –other
 
Lease financing receivable
 
Other
 
Percentage of Total
Performing
 
$
6,033

 
$
104,503

 
$
1,968

 
$
1,483

 
99.59
%
Nonperforming
 
22

 
451

 
—

 
—

 
0.41
%
 
 
$
6,055

 
$
104,954

 
$
1,968

 
$
1,483

 
100.00
%
 
 
December 31, 2014
Commercial Credit Exposure
 
 
 
 
 
 
 
 
Credit Risk Profile by Creditworthiness Category
 
 
 
 
 
 
 
 
 
 
Commercial, financial, and agricultural
 
Commercial real estate –construction
 
Commercial real estate – other
 
Percentage of Total
Pass
 
$
456,221

 
$
43,320

 
$
440,281

 
96.11
%
Special mention
 
4,861

 
132

 
7,120

 
1.24
%
Substandard
 
5,541

 
58

 
19,771

 
2.60
%
Doubtful
 
524

 
—

 
—

 
0.05
%
 
 
$
467,147

 
$
43,510

 
$
467,172

 
100.00
%
 
Consumer Credit Exposure
 
 
 
 
 
 
 
 
Credit Risk Profile by Creditworthiness Category
 
 
 
 
 
 
 
 
 
 
Residential – construction
 
Residential – prime
 
Residential – subprime
 
Percentage of Total
Pass
 
$
25,067

 
$
150,664

 
$
—

 
97.81
%
Special mention
 
—

 
1,184

 
—

 
0.66
%
Substandard
 
—

 
2,754

 
—

 
1.53
%
 
 
$
25,067

 
$
154,602

 
$
—

 
100.00
%
 
Consumer and Commercial Credit Exposure
 
 
 
 
 
 
 
 
 
 
Credit Risk Profile Based on Payment Activity
 
 
 
 
 
 
 
 
 
 
 
 
Consumer - credit card
 
Consumer –other
 
Lease financing receivable
 
Other
 
Percentage of Total
Performing
 
$
5,995

 
$
112,893

 
$
4,857

 
$
2,748

 
99.65
%
Nonperforming
 
17

 
423

 
—

 
—

 
0.35
%
 
 
$
6,012

 
$
113,316

 
$
4,857

 
$
2,748

 
100.00
%
Summary of Troubled Debt Restructurings
Information about the Company’s TDRs is as follows (in thousands):
 
 
 
December 31, 2015
 
 
Current
 
Past Due Greater Than 30 Days
 
Nonaccrual TDRs
 
Total TDRs
Commercial, financial and agricultural
 
$
16

 
$
—

 
$
20,865

 
$
20,881

Real estate - commercial
 
—

 
148

 
—

 
148

 
 
$
16

 
$
148

 
$
20,865

 
$
21,029

 
 
December 31, 2014
 
 
Current
 
Past Due Greater Than 30 Days
 
Nonaccrual TDRs
 
Total TDRs
Commercial, financial and agricultural
 
$
21

 
$
—

 
$
234

 
$
255

Real estate - commercial
 
155

 
—

 
—

 
155

 
 
$
176

 
$
—

 
$
234

 
$
410
Analysis of Activity in Related Party Loans and Commitments to Extend Credit
An analysis of the 2015 activity with respect to these related party loans and commitments to extend credit is as follows (in thousands):
Balance, beginning of year
$
2,977

New loans
—

Repayments and adjustments
(1,137
)
Balance, end of year
$
1,840