Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2014

Loans and Leases Receivable Disclosure [Abstract]

Summary of loans, by major class within the Company's loan portfolio

	September 30,		December 31,
(in thousands)	2014		2013
Commercial, financial, and agricultural	$	150,733	$	141,845
Real estate construction - residential		19,935		21,008
Real estate construction - commercial		62,391		55,076
Real estate mortgage - residential		234,244		225,630
Real estate mortgage - commercial		374,909		375,686
Installment and other consumer		18,773		20,302
Total loans	$	860,985	$	839,547

Summary of the allowance for loan losses

	Three Months Ended September 30, 2014
	Commercial,			Real Estate			Real Estate			Real Estate			Real Estate			Installment
	Financial, &			Construction -			Construction -			Mortgage -			Mortgage -			Loans to			Un-
(in thousands)	Agricultural			Residential			Commercial			Residential			Commercial			Individuals			allocated		Total
Balance at beginning of period	$	1,943		$	473		$	618		$	2,405		$	6,428		$	274		$	9	$	12,150
Additions:
Provision for loan losses		(188	)		(94	)		(96	)		313			7			38			20		0
Deductions:
Loans charged off		105			0			0			41			80			71			0		297
Less recoveries on loans		(55	)		0			0			(26	)		(67	)		(32	)		0		(180	)
Net loans charged off		50			0			0			15			13			39			0		117
Balance at end of period	$	1,705		$	379		$	522		$	2,703		$	6,422		$	273		$	29	$	12,033

	Nine Months Ended September 30, 2014
	Commercial,			Real Estate			Real Estate		Real Estate			Real Estate			Installment
	Financial, &			Construction -			Construction -		Mortgage -			Mortgage -			Loans to			Un-
(in thousands)	Agricultural			Residential			Commercial		Residential			Commercial			Individuals			allocated		Total
Balance at beginning of period	$	2,374		$	931		$	631	$	2,959		$	6,523		$	294		$	7	$	13,719
Additions:
Provision for loan losses		(660	)		(553	)		382		(171	)		891			89			22		0
Deductions:
Loans charged off		291			59			491		236			1,152			270			0		2,499
Less recoveries on loans		(282	)		(60	)		0		(151	)		(160	)		(160	)		0		(813	)
Net loans charged off		9			(1	)		491		85			992			110			0		1,686
Balance at end of period	$	1,705		$	379		$	522	$	2,703		$	6,422		$	273		$	29	$	12,033

	Three Months Ended September 30, 2013
	Commercial,			Real Estate		Real Estate			Real Estate			Real Estate			Installment
	Financial, &			Construction -		Construction -			Mortgage -			Mortgage -			Loans to			Un-
(in thousands)	Agricultural			Residential		Commercial			Residential			Commercial			Individuals			allocated		Total
Balance at beginning of period	$	2,119		$	932	$	2,202		$	2,456		$	7,415		$	233		$	1	$	15,358
Additions:
Provision for loan losses		444			32		(216	)		4			(294	)		25			5		0
Deductions:
Loans charged off		654			0		135			368			178			91			0		1,426
Less recoveries on loans		(201	)		0		0			(39	)		(34	)		(48	)		0		(322	)
Net loans charged off		453			0		135			329			144			43			0		1,104
Balance at end of period	$	2,110		$	964	$	1,851		$	2,131		$	6,977		$	215		$	6	$	14,254

	Nine Months Ended September 30, 2013
	Commercial,			Real Estate		Real Estate			Real Estate			Real Estate			Installment
	Financial, &			Construction -		Construction -			Mortgage -			Mortgage -			Loans to			Un-
(in thousands)	Agricultural			Residential		Commercial			Residential			Commercial			Individuals			allocated		Total
Balance at beginning of period	$	1,937		$	732	$	1,711		$	3,387		$	6,834		$	239		$	2	$	14,842
Additions:
Provision for loan losses		725			351		273			(586	)		1,142			91			4		2,000
Deductions:
Loans charged off		817			119		135			754			1,205			271			0		3,301
Less recoveries on loans		(265	)		0		(2	)		(84	)		(206	)		(156	)		0		(713	)
Net loans charged off		552			119		133			670			999			115			0		2,588
Balance at end of period	$	2,110		$	964	$	1,851		$	2,131		$	6,977		$	215		$	6	$	14,254

	Commercial,		Real Estate		Real Estate		Real Estate		Real Estate		Installment
	Financial, and		Construction -		Construction -		Mortgage -		Mortgage -		Loans to		Un-
(in thousands)	Agricultural		Residential		Commercial		Residential		Commercial		Individuals		allocated		Total
September 30, 2014
Allowance for loan losses:
Individually evaluated for impairment	$	663	$	273	$	0	$	1,728	$	1,942	$	55	$	0	$	4,661
Collectively evaluated for impairment		1,042		106		522		975		4,480		218		29		7,372
Total	$	1,705	$	379	$	522	$	2,703	$	6,422	$	273	$	29	$	12,033
Loans outstanding:
Individually evaluated for impairment	$	4,427	$	2,040	$	5,679	$	8,639	$	14,573	$	268	$	0	$	35,626
Collectively evaluated for impairment		146,306		17,895		56,712		225,605		360,336		18,505		0		825,359
Total	$	150,733	$	19,935	$	62,391	$	234,244	$	374,909	$	18,773	$	0	$	860,985
December 31, 2013
Allowance for loan losses:
Individually evaluated for impairment	$	721	$	392	$	304	$	1,374	$	1,989	$	16	$	0	$	4,796
Collectively evaluated for impairment		1,653		539		327		1,585		4,534		278		7		8,923
Total	$	2,374	$	931	$	631	$	2,959	$	6,523	$	294	$	7	$	13,719
Loans outstanding:
Individually evaluated for impairment	$	4,015	$	2,204	$	6,615	$	6,517	$	15,422	$	43	$	0	$	34,816
Collectively evaluated for impairment		137,830		18,804		48,461		219,113		360,264		20,259		0		804,731
Total	$	141,845	$	21,008	$	55,076	$	225,630	$	375,686	$	20,302	$	0	$	839,547

Schedule of impaired loans

	September 30,		December 31,
(in thousands)	2014		2013
Non-accrual loans	$	24,380	$	23,680
Troubled debt restructurings continuing to accrue interest		11,246		11,395
Total impaired loans	$	35,626	$	35,075

			Unpaid
	Recorded		Principal		Specific
(in thousands)	Investment		Balance		Reserves
September 30, 2014
With no related allowance recorded:
Commercial, financial and agricultural	$	2,400	$	2,457	$	0
Real estate - construction residential		0		0		0
Real estate - construction commercial		5,679		6,403		0
Real estate – residential		3,116		3,568		0
Real estate – commercial		9,744		11,366		0
Total	$	20,939	$	23,794	$	0
With an allowance recorded:
Commercial, financial and agricultural	$	2,027	$	2,086	$	663
Real estate - construction residential		2,040		2,260		273
Real estate - construction commercial		0		0		0
Real estate – residential		5,523		5,620		1,728
Real estate – commercial		4,829		5,004		1,942
Consumer		268		307		55
Total	$	14,687	$	15,277	$	4,661
Total impaired loans	$	35,626	$	39,071	$	4,661

			Unpaid
	Recorded		Principal		Specific
(in thousands)	Investment		Balance		Reserves
December 31, 2013
With no related allowance recorded:
Commercial, financial and agricultural	$	2,467	$	2,593	$	0
Real estate - construction residential		44		80		0
Real estate - construction commercial		6,101		7,148		0
Real estate - residential		2,121		2,654		0
Real estate - commercial		7,817		8,056		0
Consumer		259		282		0
Total	$	18,809	$	20,813	$	0
With an allowance recorded:
Commercial, financial and agricultural	$	1,548	$	1,607	$	721
Real estate - construction residential		2,160		2,331		392
Real estate - construction commercial		514		514		304
Real estate - residential		4,396		4,570		1,374
Real estate - commercial		7,605		7,925		1,989
Consumer		43		45		16
Total	$	16,266	$	16,992	$	4,796
Total impaired loans	$	35,075	$	37,805	$	4,796

	Three Months Ended September 30,								Nine Months Ended September 30,
	2014				2013				2014				2013
			Interest				Interest				Interest				Interest
	Average		Recognized		Average		Recognized		Average		Recognized		Average		Recognized
	Recorded		For the		Recorded		For the		Recorded		For the		Recorded		For the
(in thousands)	Investment		Period Ended		Investment		Period Ended		Investment		Period Ended		Investment		Period Ended
With no related allowance recorded:
Commercial, financial and agricultural	$	2,618	$	22	$	2,598	$	22	$	2,592	$	69	$	2,643	$	71
Real estate - construction residential		16		2		139		0		65		2		242		0
Real estate - construction commercial		6,524		0		3,459		0		6,737		0		3,803		0
Real estate - residential		3,941		26		3,168		10		3,374		40		3,179		10
Real estate - commercial		12,578		84		4,346		29		12,334		255		4,348		86
Consumer		0		0		202		0		11		0		212		1
Total	$	25,677	$	134	$	13,912	$	61	$	25,113	$	366	$	14,427	$	168
With an allowance recorded:
Commercial, financial and agricultural	$	1,940	$	4	$	1,996	$	7	$	2,128	$	19	$	2,031	$	34
Real estate - construction residential		2,260		0		2,272		0		2,263		0		2,273		0
Real estate - construction commercial		0		0		4,240		0		56		0		4,240		0
Real estate - residential		5,458		0		2,920		2		5,384		93		2,947		38
Real estate - commercial		4,587		28		13,210		35		4,695		11		13,524		106
Consumer		310		11		44		0		324		0		44		0
Total	$	14,555	$	43	$	24,682	$	44	$	14,850	$	123	$	25,059	$	178
Total impaired loans	$	40,232	$	177	$	38,594	$	105	$	39,963	$	489	$	39,486	$	346

Schedule of aging information for the Company's past due and non-accrual loans

	Current or				90 Days
	Less Than				Past Due
	30 Days		30 - 89 Days		And Still
(in thousands)	Past Due		Past Due		Accruing		Non-Accrual		Total
September 30, 2014
Commercial, Financial, and Agricultural	$	148,276	$	421	$	0	$	2,036	$	150,733
Real Estate Construction - Residential		17,895		0		0		2,040		19,935
Real Estate Construction - Commercial		56,657		0		56		5,678		62,391
Real Estate Mortgage - Residential		228,157		864		48		5,175		234,244
Real Estate Mortgage - Commercial		364,414		1,312		0		9,183		374,909
Installment and Other Consumer		18,206		298		1		268		18,773
Total	$	833,605	$	2,895	$	105	$	24,380	$	860,985
December 31, 2013
Commercial, Financial, and Agricultural	$	139,219	$	942	$	0	$	1,684	$	141,845
Real Estate Construction - Residential		18,738		66		0		2,204		21,008
Real Estate Construction - Commercial		48,230		595		0		6,251		55,076
Real Estate Mortgage - Residential		217,268		4,068		129		4,165		225,630
Real Estate Mortgage - Commercial		365,787		725		100		9,074		375,686
Installment and Other Consumer		19,695		291		14		302		20,302
Total	$	808,937	$	6,687	$	243	$	23,680	$	839,547

Schedule of risk categories by class

(in thousands)	Commercial, Financial, & Agricultural		Real Estate Construction -  Residential		Real Estate Construction - Commercial		Real Estate Mortgage - Residential		Real Estate Mortgage - Commercial		Installment and other Consumer		Total
At September 30, 2014
Watch	$	18,254		1,329	$	5,027	$	25,755	$	21,332	$	238	$	71,935
Substandard		5,197		91		1,190		7,545		9,965		170		24,158
Non-accrual		2,036		2,040		5,678		5,175		9,183		268		24,380
Total	$	25,487	$	3,460	$	11,895	$	38,475	$	40,480	$	676	$	120,473
At December 31, 2013
Watch	$	15,016	$	2,007	$	6,111	$	26,331	$	23,662	$	388	$	73,515
Substandard		7,553		92		1,403		8,579		14,510		281		32,418
Non-accrual		1,684		2,204		6,251		4,165		9,074		302		23,680
Total	$	24,253	$	4,303	$	13,765	$	39,075	$	47,246	$	971	$	129,613

Summary of loans that were modified as TDRs

	Nine Months Ended September 30,
	2014						2013
	Recorded Investment (1)						Recorded Investment (1)
(in thousands)	Number of Contracts		Pre- Modification		Post- Modification		Number of Contracts		Pre- Modification		Post- Modification
Troubled Debt Restructurings
Commercial, financial and agricultural		3	$	244	$	225		0	$	0	$	0
Real estate mortgage - residential		1		1,256		1,171		1		619		481
Total		4	$	1,500	$	1,396		1	$	619	$	481

(1) The amounts reported post-modification are inclusive of all partial pay-downs and charge-offs, and no portion of the debt was forgiven. Loans modified as a TDR that were fully paid down, charged-off or foreclosed upon during the period ended are not reported.