XML 36 R26.htm IDEA: XBRL DOCUMENT v3.21.1
Loans (Tables)
3 Months Ended
Mar. 31, 2021
Loans  
Summary of major classifications of loans

​

​

​

​

​

​

​

​

​

​

​

March 31, 

​

December 31, 

 

(Dollars in thousands)

    

2021

    

2020

 

Real estate – residential mortgage

​

$

216,920

​

$

218,298

​

Real estate – construction 1

​

 

52,884

​

 

62,147

​

Commercial, financial and agricultural 2

​

 

741,980

​

 

700,215

​

Equity lines

​

 

46,976

​

 

48,466

​

Consumer

​

 

9,132

​

 

11,028

​

Consumer finance

​

 

317,144

​

 

312,252

​

​

​

 

1,385,036

​

 

1,352,406

​

Less allowance for loan losses

​

 

(39,033)

​

 

(39,156)

​

Loans, net

​

$

1,346,003

​

$

1,313,250

​

1Includes the Corporation’s real estate construction lending and consumer real estate lot lending.
2Includes the Corporation’s commercial real estate lending, land acquisition and development lending, builder line lending and commercial business lending (which includes loans originated under the PPP).
Schedule of acquired loans

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

 

March 31, 2021

  

December 31, 2020

 

​

 

Acquired Loans -

  

Acquired Loans -

  

​

​

  

Acquired Loans -

  

Acquired Loans -

  

​

​

 

​

​

Purchased

​

Purchased

​

Acquired Loans -

​

Purchased

​

Purchased

​

Acquired Loans -

 

(Dollars in thousands)

​

Credit Impaired

​

Performing

​

Total

​

Credit Impaired

​

Performing

​

Total

 

Outstanding principal balance

​

$

11,931

​

$

79,015

​

$

90,946

​

$

12,760

​

$

89,043

​

$

101,803

​

Carrying amount

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Real estate – residential mortgage

​

$

914

​

$

14,007

​

$

14,921

​

$

1,473

​

$

15,117

​

$

16,590

​

Real estate – construction

​

​

—

​

​

1,077

​

​

1,077

​

​

—

​

​

1,077

​

​

1,077

​

Commercial, financial and agricultural1

​

 

4,872

​

 

51,880

​

 

56,752

​

 

4,758

​

 

58,796

​

 

63,554

​

Equity lines

​

 

50

​

 

8,861

​

 

8,911

​

 

80

​

 

10,182

​

 

10,262

​

Consumer

​

 

42

​

 

1,666

​

 

1,708

​

 

48

​

 

1,924

​

 

1,972

​

Total acquired loans

​

$

5,878

​

$

77,491

​

$

83,369

​

$

6,359

​

$

87,096

​

$

93,455

​

1Includes acquired loans classified by the Corporation as commercial real estate lending and commercial business lending.
Summary of change in the accretable yield of loans classified as purchased credit impaired (PCI)

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended March 31, 

​

(Dollars in thousands)

    

2021

 

2020

 

Accretable yield, balance at beginning of period

​

$

4,048

​

$

4,721

​

Acquisition of Peoples

​

 

—

​

 

3,366

​

Accretion

​

 

(517)

​

 

(959)

​

Reclassification of nonaccretable difference due to improvement in expected cash flows

​

 

456

​

 

733

​

Other changes, net

​

 

(69)

​

 

57

​

Accretable yield, balance at end of period

​

$

3,918

​

$

7,918

​

Schedule of loans on nonaccrual status

​

​

​

​

​

​

​

​

​

​

​

March 31, 

​

December 31, 

 

(Dollars in thousands)

    

2021

    

2020

 

Real estate – residential mortgage

​

$

278

​

$

276

​

Commercial, financial and agricultural:

​

​

​

​

​

​

​

Commercial business lending

​

 

2,409

​

 

2,428

​

Equity lines

​

 

189

​

 

191

​

Consumer

​

 

110

​

 

107

​

Consumer finance

​

 

182

​

 

402

​

Total loans on nonaccrual status

​

$

3,168

​

$

3,404

​

Schedule of past due status of loans

The past due status of loans as of March 31, 2021 was as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  

​

​

  

​

​

  

​

​

  

​

​

  

​

​

​

​

​

  

​

​

  

90+ Days

 

​

​

30 - 59 Days

​

60 - 89 Days

​

90+ Days

​

Total

​

​

​

​

​

​

​

​

​

​

Past Due and

 

(Dollars in thousands)

​

Past Due

​

Past Due

​

Past Due

​

Past Due

​

PCI

​

Current1

​

Total Loans

​

Accruing

 

Real estate – residential mortgage

​

$

982

​

$

449

​

$

291

​

$

1,722

​

$

914

​

$

214,284

​

$

216,920

​

$

145

​

Real estate – construction:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Construction lending

​

 

—

​

 

—

​

 

—

​

 

—

​

​

—

​

 

39,525

​

 

39,525

​

 

—

​

Consumer lot lending

​

 

—

​

 

—

​

 

—

​

 

—

​

​

—

​

 

13,359

​

 

13,359

​

 

—

​

Commercial, financial and agricultural:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial real estate lending

​

 

219

​

 

—

​

 

—

​

 

219

​

​

4,872

​

 

449,211

​

 

454,302

​

 

—

​

Land acquisition and development lending

​

 

—

​

 

—

​

 

—

​

 

—

​

​

—

​

 

33,615

​

 

33,615

​

 

—

​

Builder line lending

​

 

—

​

 

—

​

 

—

​

 

—

​

​

—

​

 

22,388

​

 

22,388

​

 

—

​

Commercial business lending

​

 

—

​

 

—

​

 

—

​

 

—

​

​

—

​

 

231,675

​

 

231,675

​

 

—

​

Equity lines

​

 

51

​

 

64

​

 

—

​

 

115

​

​

50

​

 

46,811

​

 

46,976

​

 

—

​

Consumer

​

 

26

​

 

—

​

 

—

​

 

26

​

​

42

​

 

9,064

​

 

9,132

​

 

—

​

Consumer finance

​

 

4,242

​

 

518

​

 

182

​

 

4,942

​

​

—

​

 

312,202

​

 

317,144

​

 

—

​

Total

​

$

5,520

​

$

1,031

​

$

473

​

$

7,024

​

$

5,878

​

$

1,372,134

​

$

1,385,036

​

$

145

​

1For the purposes of the table above, “Current” includes loans that are 1-29 days past due.

​

The table above includes nonaccrual loans that are current of $2.83 million, 30-59 days past due of $5,000 and 90+ days past due of $328,000.

​

The past due status of loans as of December 31, 2020 was as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  

​

​

  

​

​

  

​

​

  

​

​

  

​

​

​

​

​

  

​

​

  

90+ Days

 

​

​

30 - 59 Days

​

60 - 89 Days

​

90+ Days

​

Total

​

​

​

​

​

​

​

​

​

​

Past Due and

 

(Dollars in thousands)

​

Past Due

​

Past Due

​

Past Due

​

Past Due

​

PCI

​

Current1

​

Total Loans

​

Accruing

 

Real estate – residential mortgage

​

$

1,100

​

$

154

​

$

176

​

$

1,430

​

$

1,473

​

$

215,395

​

$

218,298

​

$

145

​

Real estate – construction:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Construction lending

​

 

—

​

 

—

​

 

—

​

 

—

​

​

—

​

 

49,659

​

 

49,659

​

 

—

​

Consumer lot lending

​

 

—

​

 

—

​

 

—

​

 

—

​

​

—

​

 

12,488

​

 

12,488

​

 

—

​

Commercial, financial and agricultural:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial real estate lending

​

 

—

​

 

—

​

 

—

​

 

—

​

​

4,758

​

 

437,145

​

 

441,903

​

 

—

​

Land acquisition and development lending

​

 

—

​

 

—

​

 

—

​

 

—

​

​

—

​

 

37,724

​

 

37,724

​

 

—

​

Builder line lending

​

 

—

​

 

—

​

 

—

​

 

—

​

​

—

​

 

18,194

​

 

18,194

​

 

—

​

Commercial business lending

​

 

24

​

 

—

​

 

—

​

 

24

​

​

—

​

 

202,370

​

 

202,394

​

 

—

​

Equity lines

​

 

52

​

 

—

​

 

—

​

 

52

​

​

80

​

 

48,334

​

 

48,466

​

 

—

​

Consumer

​

 

2

​

 

—

​

 

—

​

 

2

​

​

48

​

 

10,978

​

 

11,028

​

 

—

​

Consumer finance

​

 

8,249

​

 

967

​

 

402

​

 

9,618

​

​

—

​

 

302,634

​

 

312,252

​

 

—

​

Total

​

$

9,427

​

$

1,121

​

$

578

​

$

11,126

​

$

6,359

​

$

1,334,921

​

$

1,352,406

​

$

145

​

1For the purposes of the table above, “Current” includes loans that are 1-29 days past due.

​

The table above includes nonaccrual loans that are current of $2.86 million, 30-59 days past due of $115,000 and 90+ days past due of $433,000.

Schedule of impaired loans

Impaired loans, which included TDRs of $3.00 million, and the related allowance at March 31, 2021 were as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

​

    

​

​

​

​

​

​

​

​

    

​

​

    

​

​

 

​

​

​

​

Recorded

​

Recorded

​

​

​

​

​

​

 

​

​

​

​

Investment

​

Investment

​

​

​

Average

​

​

 

​

​

Unpaid

​

in Loans

​

in Loans

​

​

​

Balance-

​

Interest

​

​

​

Principal

​

without

​

with

​

Related

​

Impaired

​

Income

​

(Dollars in thousands)

​

Balance

​

Specific Reserve

​

Specific Reserve

​

Allowance

​

Loans

​

Recognized

 

Real estate – residential mortgage

​

$

1,753

​

$

446

​

$

1,194

​

$

69

​

$

1,758

​

$

17

​

Commercial, financial and agricultural:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial real estate lending

​

 

1,395

​

 

—

​

 

1,395

​

 

95

​

 

1,396

​

 

18

​

Commercial business lending

​

 

2,430

​

 

—

​

 

2,408

​

 

625

​

 

2,410

​

 

—

​

Equity lines

​

 

120

​

 

110

​

 

—

​

 

—

​

 

117

​

 

—

​

Consumer

​

 

286

​

 

—

​

 

105

​

 

102

​

 

106

​

 

—

​

Total

​

$

5,984

​

$

556

​

$

5,102

​

$

891

​

$

5,787

​

$

35

​

​

Impaired loans, which included TDRs of $3.58 million, and the related allowance at December 31, 2020 were as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

​

    

​

​

​

​

​

​

​

​

    

​

​

    

​

​

 

​

​

​

​

Recorded

​

Recorded

​

​

​

​

​

​

 

​

​

​

​

Investment

​

Investment

​

​

​

Average

​

​

 

​

​

Unpaid

​

in Loans

​

in Loans

​

​

​

Balance-

​

Interest

​

​

​

Principal

​

without

​

with

​

Related

​

Impaired

​

Income

​

(Dollars in thousands)

​

Balance

​

Specific Reserve

​

Specific Reserve

​

Allowance

​

Loans

​

Recognized

 

Real estate – residential mortgage

​

$

2,326

​

$

931

​

$

1,279

​

$

77

​

$

2,353

​

$

105

​

Commercial, financial and agricultural:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial real estate lending

​

 

1,397

​

 

—

​

 

1,397

​

 

89

​

 

1,404

​

 

73

​

Commercial business lending

​

 

2,430

​

 

—

​

 

2,428

​

 

585

​

 

2,573

​

 

—

​

Equity lines

​

 

120

​

 

111

​

 

—

​

 

—

​

 

119

​

 

2

​

Consumer

​

 

147

​

 

—

​

 

132

​

 

128

​

 

154

​

 

3

​

Total

​

$

6,420

​

$

1,042

​

$

5,236

​

$

879

​

$

6,603

​

$

183

​