|
Loans and Allowance for Loan Losses (Tables)
|
9 Months Ended |
|
Sep. 30, 2013
|
| Receivables [Abstract] |
|
| Summary of Loans |
Loans are stated at the principal amount outstanding net of unearned discounts, unearned income and allowance for loan losses. Unearned income includes deferred loan origination fees reduced by loan origination costs and is amortized to interest income over the life of the related loan using methods that approximated the effective interest rate method. Interest on substantially all loans is credited to income based on the principal amount outstanding. A summary of loans at September 30, 2013 and December 31, 2012 follows (in thousands):
| | | | | | | | | | September 30,
2013 | | December 31,
2012 | Construction and land development | $ | 20,058 |
| | $ | 31,341 |
| Agricultural real estate | 101,832 |
| | 86,256 |
| 1-4 Family residential properties | 188,256 |
| | 186,205 |
| Multifamily residential properties | 42,342 |
| | 44,863 |
| Commercial real estate | 343,404 |
| | 317,321 |
| Loans secured by real estate | 695,892 |
| | 665,986 |
| Agricultural loans | 60,512 |
| | 60,948 |
| Commercial and industrial loans | 159,608 |
| | 160,193 |
| Consumer loans | 15,296 |
| | 16,264 |
| All other loans | 11,215 |
| | 8,206 |
| Gross loans | 942,523 |
| | 911,597 |
| Less: | |
| | |
| Net deferred loan fees, premiums and discounts | 533 |
| | 744 |
| Allowance for loan losses | 12,977 |
| | 11,776 |
| Net loans | $ | 929,013 |
| | $ | 899,077 |
|
|
| Allowance for Loan Losses and Recorded Investment in Loans |
The following tables present the balance in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method for the three and nine-months ended September 30, 2013 and 2012 and for the year ended December 31, 2012 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial/ Commercial Real Estate | | Agricultural/ Agricultural Real Estate | | Residential Real Estate | | Consumer | | Unallocated | | Total | Three months ended September 30, 2013 | | | | | | | | | | | | Allowance for loan losses: | | | | | | | | | | | | Balance, beginning of period | $ | 9,304 |
| | $ | 414 |
| | $ | 793 |
| | $ | 397 |
| | $ | 1,223 |
| | $ | 12,131 |
| Provision charged to expense | 1,475 |
| | 43 |
| | 17 |
| | 50 |
| | (610 | ) | | 975 |
| Losses charged off | (184 | ) | | — |
| | (18 | ) | | (72 | ) | | — |
| | (274 | ) | Recoveries | 108 |
| | 3 |
| | 2 |
| | 32 |
| | — |
| | 145 |
| Balance, end of period | $ | 10,703 |
| | $ | 460 |
| | $ | 794 |
| | $ | 407 |
| | $ | 613 |
| | $ | 12,977 |
| Ending balance: | |
| | |
| | |
| | |
| | |
| | |
| Individually evaluated for impairment | $ | 540 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 540 |
| Collectively evaluated for impairment | $ | 10,163 |
| | $ | 460 |
| | $ | 794 |
| | $ | 407 |
| | $ | 613 |
| | $ | 12,437 |
| Three months ended September 30, 2012 | |
| | |
| | |
| | |
| | |
| | |
| Allowance for loan losses: | |
| | |
| | |
| | |
| | |
| | |
| Balance, beginning of period | $ | 9,007 |
| | $ | 701 |
| | $ | 743 |
| | $ | 395 |
| | $ | 609 |
| | $ | 11,455 |
| Provision charged to expense | 782 |
| | (97 | ) | | 232 |
| | 8 |
| | (205 | ) | | 720 |
| Losses charged off | (308 | ) | | — |
| | (232 | ) | | (45 | ) | |
|
| | (585 | ) | Recoveries | 19 |
| | 3 |
| | 2 |
| | 31 |
| |
|
| | 55 |
| Balance, end of period | $ | 9,500 |
| | $ | 607 |
| | $ | 745 |
| | $ | 389 |
| | $ | 404 |
| | $ | 11,645 |
| Ending balance: | |
| | |
| | |
| | |
| | |
| | |
| Individually evaluated for impairment | $ | 768 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 768 |
| Collectively evaluated for impairment | $ | 8,732 |
| | $ | 607 |
| | $ | 745 |
| | $ | 389 |
| | $ | 404 |
| | $ | 10,877 |
| Nine months ended September 30, 2013 | | | | | | | | | | | | Allowance for loan losses: | | | | | | | | | | | | Balance, beginning of year | $ | 9,301 |
| | $ | 558 |
| | $ | 726 |
| | $ | 403 |
| | $ | 788 |
| | $ | 11,776 |
| Provision charged to expense | 1,759 |
| | (102 | ) | | 161 |
| | 64 |
| | (175 | ) | | 1,707 |
| Losses charged off | (551 | ) | | — |
| | (104 | ) | | (169 | ) | | — |
| | (824 | ) | Recoveries | 194 |
| | 4 |
| | 11 |
| | 109 |
| | — |
| | 318 |
| Balance, end of period | $ | 10,703 |
| | $ | 460 |
| | $ | 794 |
| | $ | 407 |
| | $ | 613 |
| | $ | 12,977 |
| Ending balance: | |
| | |
| | |
| | |
| | |
| | |
| Individually evaluated for impairment | $ | 540 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 540 |
| Collectively evaluated for impairment | $ | 10,163 |
| | $ | 460 |
| | $ | 794 |
| | $ | 407 |
| | $ | 613 |
| | $ | 12,437 |
| Loans: | |
| | |
| | |
| | |
| | |
| | |
| Ending balance | $ | 575,912 |
| | $ | 162,443 |
| | $ | 189,440 |
| | $ | 15,296 |
| | $ | — |
| | $ | 943,091 |
| Ending balance: | |
| | |
| | |
| | |
| | |
| | |
| Individually evaluated for impairment | $ | 4,540 |
| | $ | 337 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 4,877 |
| Collectively evaluated for impairment | $ | 571,372 |
| | $ | 162,106 |
| | $ | 189,440 |
| | $ | 15,296 |
| | $ | — |
| | $ | 938,214 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | Commercial/ Commercial Real Estate | | Agricultural/ Agricultural Real Estate | | Residential Real Estate | | Consumer | | Unallocated | | Total | Nine months ended September 30, 2012 | | | | | | | | | | | | Allowance for loan losses: | | | | | | | | | | | | Balance, beginning of year | $ | 8,791 |
| | $ | 546 |
| | $ | 636 |
| | $ | 378 |
| | $ | 769 |
| | $ | 11,120 |
| Provision charged to expense | 1,530 |
| | 3 |
| | 523 |
| | 60 |
| | (365 | ) | | 1,751 |
| Losses charged off | (906 | ) | | (12 | ) | | (437 | ) | | (140 | ) | | — |
| | (1,495 | ) | Recoveries | 85 |
| | 70 |
| | 23 |
| | 91 |
| | — |
| | 269 |
| Balance, end of period | $ | 9,500 |
| | $ | 607 |
| | $ | 745 |
| | $ | 389 |
| | $ | 404 |
| | $ | 11,645 |
| Ending balance: | |
| | |
| | |
| | |
| | |
| | |
| Individually evaluated for impairment | $ | 768 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 768 |
| Collectively evaluated for impairment | $ | 8,732 |
| | $ | 607 |
| | $ | 745 |
| | $ | 389 |
| | $ | 404 |
| | $ | 10,877 |
| Loans: | |
| | |
| | |
| | |
| | |
| | |
| Ending balance | $ | 556,026 |
| | $ | 144,883 |
| | $ | 182,234 |
| | $ | 16,014 |
| | $ | 210 |
| | $ | 899,367 |
| Ending balance: | |
| | |
| | |
| | |
| | |
| | |
| Individually evaluated for impairment | $ | 5,627 |
| | $ | 899 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 6,526 |
| Collectively evaluated for impairment | $ | 550,399 |
| | $ | 143,984 |
| | $ | 182,234 |
| | $ | 16,014 |
| | $ | 210 |
| | $ | 892,841 |
| Year ended December 31, 2012 | |
| | |
| | |
| | |
| | |
| | |
| Allowance for loan losses: | |
| | |
| | |
| | |
| | |
| | |
| Balance, beginning of year | $ | 8,791 |
| | $ | 546 |
| | $ | 636 |
| | $ | 378 |
| | $ | 769 |
| | $ | 11,120 |
| Provision charged to expense | 1,979 |
| | (47 | ) | | 580 |
| | 116 |
| | 19 |
| | 2,647 |
| Losses charged off | (1,586 | ) | | (12 | ) | | (524 | ) | | (249 | ) | | — |
| | (2,371 | ) | Recoveries | 117 |
| | 71 |
| | 34 |
| | 158 |
| | — |
| | 380 |
| Balance, end of year | $ | 9,301 |
| | $ | 558 |
| | $ | 726 |
| | $ | 403 |
| | $ | 788 |
| | $ | 11,776 |
| Ending balance: | |
| | |
| | |
| | |
| | |
| | |
| Individually evaluated for impairment | $ | 457 |
| | $ | 54 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 511 |
| Collectively evaluated for impairment | $ | 8,844 |
| | $ | 504 |
| | $ | 726 |
| | $ | 403 |
| | $ | 788 |
| | $ | 11,265 |
| Loans: | |
| | |
| | |
| | |
| | |
| | |
| Ending balance | $ | 569,717 |
| | $ | 145,695 |
| | $ | 179,309 |
| | $ | 16,066 |
| | $ | 278 |
| | $ | 911,065 |
| Ending balance: | |
| | |
| | |
| | |
| | |
| | |
| Individually evaluated for impairment | $ | 5,334 |
| | $ | 1,230 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 6,564 |
| Collectively evaluated for impairment | $ | 564,383 |
| | $ | 144,465 |
| | $ | 179,309 |
| | $ | 16,066 |
| | $ | 278 |
| | $ | 904,501 |
|
|
| Credit Risk Profile of the Company's Loan Portfolio |
Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered pass rated loans.
The following tables present the credit risk profile of the Company’s loan portfolio based on rating category and payment activity as of September 30, 2013 and December 31, 2012 (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Construction & Land Development | | Agricultural Real Estate | | 1-4 Family Residential Properties | | Multifamily Residential Properties | | 2013 | | 2012 | | 2013 | | 2012 | | 2013 | | 2012 | | 2013 | | 2012 | Pass | $ | 18,323 |
| | $ | 27,217 |
| | $ | 100,824 |
| | $ | 82,516 |
| | $ | 187,245 |
| | $ | 183,880 |
| | $ | 42,342 |
| | $ | 44,863 |
| Watch | — |
| | 2,135 |
| | 238 |
| | 2,662 |
| | 644 |
| | 424 |
| | — |
| | — |
| Substandard | 1,735 |
| | 1,989 |
| | 792 |
| | 1,093 |
| | 1,551 |
| | 2,194 |
| | — |
| | — |
| Doubtful | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total | $ | 20,058 |
| | $ | 31,341 |
| | $ | 101,854 |
| | $ | 86,271 |
| | $ | 189,440 |
| | $ | 186,498 |
| | $ | 42,342 |
| | $ | 44,863 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial Real Estate (Nonfarm/Nonresidential) | | Agricultural Loans | | Commercial & Industrial Loans | | Consumer Loans | | 2013 | | 2012 | | 2013 | | 2012 | | 2013 | | 2012 | | 2013 | | 2012 | Pass | $ | 317,846 |
| | $ | 287,794 |
| | $ | 59,551 |
| | $ | 56,899 |
| | $ | 149,971 |
| | $ | 157,461 |
| | $ | 15,245 |
| | $ | 16,236 |
| Watch | 17,930 |
| | 24,213 |
| | — |
| | 958 |
| | 951 |
| | 1,588 |
| | — |
| | 14 |
| Substandard | 6,804 |
| | 4,315 |
| | 1,038 |
| | 3,157 |
| | 8,806 |
| | 1,250 |
| | 51 |
| | 14 |
| Doubtful | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total | $ | 342,580 |
| | $ | 316,322 |
| | $ | 60,589 |
| | $ | 61,014 |
| | $ | 159,728 |
| | $ | 160,299 |
| | $ | 15,296 |
| | $ | 16,264 |
|
| | | | | | | | | | | | | | | | | | All Other Loans | | Total Loans | | 2013 | | 2012 | | 2013 | | 2012 | Pass | $ | 11,204 |
| | $ | 8,193 |
| | $ | 902,551 |
| | $ | 865,059 |
| Watch | — |
| | — |
| | 19,763 |
| | 31,994 |
| Substandard | — |
| | — |
| | 20,777 |
| | 14,012 |
| Doubtful | — |
| | — |
| | — |
| | — |
| Total | $ | 11,204 |
| | $ | 8,193 |
| | $ | 943,091 |
| | $ | 911,065 |
|
|
| Loan Portfolio Aging Analysis |
The following table presents the Company’s loan portfolio aging analysis at September 30, 2013 and December 31, 2012 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 30-59 days Past Due | | 60-89 days Past Due | | 90 Days or More Past Due | | Total Past Due | | Current | | Total Loans Receivable | | Total Loans > 90 days & Accruing | September 30, 2013 | | | | | | | | | | | | | | Construction and land development | $ | — |
| | $ | — |
| | $ | 13 |
| | $ | 13 |
| | $ | 20,045 |
| | $ | 20,058 |
| | $ | — |
| Agricultural real estate | 48 |
| | — |
| | — |
| | 48 |
| | 101,806 |
| | 101,854 |
| | — |
| 1-4 Family residential properties | 438 |
| | 271 |
| | 443 |
| | 1,152 |
| | 188,288 |
| | 189,440 |
| | — |
| Multifamily residential properties | — |
| | — |
| | — |
| | — |
| | 42,342 |
| | 42,342 |
| | — |
| Commercial real estate | 83 |
| | 355 |
| | 61 |
| | 499 |
| | 342,081 |
| | 342,580 |
| | — |
| Loans secured by real estate | 569 |
| | 626 |
| | 517 |
| | 1,712 |
| | 694,562 |
| | 696,274 |
| | — |
| Agricultural loans | — |
| | 107 |
| | 209 |
| | 316 |
| | 60,273 |
| | 60,589 |
| | — |
| Commercial and industrial loans | 297 |
| | 62 |
| | 106 |
| | 465 |
| | 159,263 |
| | 159,728 |
| | — |
| Consumer loans | 48 |
| | 21 |
| | 39 |
| | 108 |
| | 15,188 |
| | 15,296 |
| | — |
| All other loans | — |
| | — |
| | — |
| | — |
| | 11,204 |
| | 11,204 |
| | — |
| Total loans | $ | 914 |
| | $ | 816 |
| | $ | 871 |
| | $ | 2,601 |
| | $ | 940,490 |
| | $ | 943,091 |
| | $ | — |
| December 31, 2012 | |
| | |
| | |
| | |
| | |
| | |
| | |
| Construction and land development | $ | — |
| | $ | 53 |
| | $ | — |
| | $ | 53 |
| | $ | 31,288 |
| | $ | 31,341 |
| | $ | — |
| Agricultural real estate | 592 |
| | — |
| | 293 |
| | 885 |
| | 85,386 |
| | 86,271 |
| | — |
| 1-4 Family residential properties | 1,351 |
| | 40 |
| | 944 |
| | 2,335 |
| | 184,163 |
| | 186,498 |
| | — |
| Multifamily residential properties | — |
| | — |
| | — |
| | — |
| | 44,863 |
| | 44,863 |
| | — |
| Commercial real estate | 262 |
| | 911 |
| | 255 |
| | 1,428 |
| | 314,894 |
| | 316,322 |
| | — |
| Loans secured by real estate | 2,205 |
| | 1,004 |
| | 1,492 |
| | 4,701 |
| | 660,594 |
| | 665,295 |
| | — |
| Agricultural loans | — |
| | — |
| | 620 |
| | 620 |
| | 60,394 |
| | 61,014 |
| | — |
| Commercial and industrial loans | 413 |
| | 275 |
| | 53 |
| | 741 |
| | 159,558 |
| | 160,299 |
| | — |
| Consumer loans | 119 |
| | 24 |
| | 39 |
| | 182 |
| | 16,082 |
| | 16,264 |
| | — |
| All other loans | — |
| | — |
| | — |
| | — |
| | 8,193 |
| | 8,193 |
| | — |
| Total loans | $ | 2,737 |
| | $ | 1,303 |
| | $ | 2,204 |
| | $ | 6,244 |
| | $ | 904,821 |
| | $ | 911,065 |
| | $ | — |
|
|
| Impaired Loans |
The following tables present impaired loans as of September 30, 2013 and December 31, 2012 (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2013 | | December 31, 2012 | | Recorded Balance | | Unpaid Principal Balance | | Specific Allowance | | Recorded Balance | | Unpaid Principal Balance | | Specific Allowance | Loans with a specific allowance: | | | | | | | | | | | | Construction and land development | $ | 1,735 |
| | $ | 2,436 |
| | $ | 172 |
| | $ | 1,114 |
| | $ | 1,529 |
| | $ | 295 |
| Agricultural real estate | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| 1-4 Family residential properties | — |
| | — |
| | — |
| | 636 |
| | 723 |
| | 162 |
| Multifamily residential properties | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Commercial real estate | 1,255 |
| | 1,255 |
| | 274 |
| | — |
| | — |
| | — |
| Loans secured by real estate | 2,990 |
| | 3,691 |
| | 446 |
| | 1,750 |
| | 2,252 |
| | 457 |
| Agricultural loans | — |
| | — |
| | — |
| | 310 |
| | 310 |
| | 54 |
| Commercial and industrial loans | 94 |
| | 94 |
| | 94 |
| | — |
| | — |
| | — |
| Consumer loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| All other loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total loans | $ | 3,084 |
| | $ | 3,785 |
| | $ | 540 |
| | $ | 2,060 |
| | $ | 2,562 |
| | $ | 511 |
| Loans without a specific allowance: | |
| | |
| | |
| | |
| | |
| | |
| Construction and land development | $ | 13 |
| | $ | 20 |
| | $ | — |
| | $ | 408 |
| | $ | 694 |
| | $ | — |
| Agricultural real estate | 235 |
| | 244 |
| | — |
| | 418 |
| | 429 |
| | — |
| 1-4 Family residential properties | 1,003 |
| | 1,540 |
| | — |
| | 1,269 |
| | 1,792 |
| | — |
| Multifamily residential properties | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Commercial real estate | 1,672 |
| | 1,731 |
| | — |
| | 2,063 |
| | 2,253 |
| | — |
| Loans secured by real estate | 2,923 |
| | 3,535 |
| | — |
| | 4,158 |
| | 5,168 |
| | — |
| Agricultural loans | 209 |
| | 209 |
| | — |
| | 620 |
| | 1,568 |
| | — |
| Commercial and industrial loans | 720 |
| | 1,053 |
| | — |
| | 704 |
| | — |
| | — |
| Consumer loans | 75 |
| | 90 |
| | — |
| | 51 |
| | 58 |
| | — |
| All other loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total loans | $ | 3,927 |
| | $ | 4,887 |
| | $ | — |
| | $ | 5,533 |
| | $ | 6,794 |
| | $ | — |
| Total loans: | |
| | |
| | |
| | |
| | |
| | |
| Construction and land development | $ | 1,748 |
| | $ | 2,456 |
| | $ | 172 |
| | $ | 1,522 |
| | $ | 2,223 |
| | $ | 295 |
| Agricultural real estate | 235 |
| | 244 |
| | — |
| | 418 |
| | 429 |
| | — |
| 1-4 Family residential properties | 1,003 |
| | 1,540 |
| | — |
| | 1,905 |
| | 2,515 |
| | 162 |
| Multifamily residential properties | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Commercial real estate | 2,927 |
| | 2,986 |
| | 274 |
| | 2,063 |
| | 2,253 |
| | — |
| Loans secured by real estate | 5,913 |
| | 7,226 |
| | 446 |
| | 5,908 |
| | 7,420 |
| | 457 |
| Agricultural loans | 209 |
| | 209 |
| | — |
| | 930 |
| | 1,878 |
| | 54 |
| Commercial and industrial loans | 814 |
| | 1,147 |
| | 94 |
| | 704 |
| | — |
| | — |
| Consumer loans | 75 |
| | 90 |
| | — |
| | 51 |
| | 58 |
| | — |
| All other loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total loans | $ | 7,011 |
| | $ | 8,672 |
| | $ | 540 |
| | $ | 7,593 |
| | $ | 9,356 |
| | $ | 511 |
|
|
| Impaired loans by portfolio class |
The following tables present average recorded investment and interest income recognized on impaired loans for the three and nine-month periods ended September 30, 2013 and 2012 (in thousands): | | | | | | | | | | | | | | | | | | For the three months ended | | September 30, 2013 | | September 30, 2012 | | Average Investment in Impaired Loans | | Interest Income Recognized | | Average Investment in Impaired Loans | | Interest Income Recognized | Construction and land development | $ | 1,753 |
| | $ | — |
| | $ | 1,750 |
| | $ | — |
| Agricultural real estate | 238 |
| | — |
| | 199 |
| | — |
| 1-4 Family residential properties | 1,007 |
| | 2 |
| | 1,972 |
| | — |
| Multifamily residential properties | — |
| | — |
| |
|
| | — |
| Commercial real estate | 2,939 |
| | — |
| | 2,299 |
| | 7 |
| Loans secured by real estate | 5,937 |
| | 2 |
| | 6,220 |
| | 7 |
| Agricultural loans | 209 |
| | — |
| | 837 |
| | — |
| Commercial and industrial loans | 905 |
| | — |
| | 1,019 |
| | 3 |
| Consumer loans | 78 |
| | 1 |
| | 30 |
| | — |
| All other loans | — |
| | — |
| | — |
| | — |
| Total loans | $ | 7,129 |
| | $ | 3 |
| | $ | 8,106 |
| | $ | 10 |
| | | | | | | | |
| | | | | | | | | | | | | | | | | | For the nine months ended | | September 30, 2013 | | September 30, 2012 | | Average Investment in Impaired Loans | | Interest Income Recognized | | Average Investment in Impaired Loans | | Interest Income Recognized | Construction and land development | $ | 1,775 |
| | $ | — |
| | $ | 1,736 |
| | $ | — |
| Agricultural real estate | 238 |
| | — |
| | 199 |
| | — |
| 1-4 Family residential properties | 1,172 |
| | 4 |
| | 1,982 |
| | — |
| Multifamily residential properties | — |
| | — |
| | — |
| | — |
| Commercial real estate | 2,985 |
| | — |
| | 2,319 |
| | 21 |
| Loans secured by real estate | 6,170 |
| | 4 |
| | 6,236 |
| | 21 |
| Agricultural loans | 238 |
| | — |
| | 867 |
| | — |
| Commercial and industrial loans | 1,169 |
| | — |
| | 1,063 |
| | 10 |
| Consumer loans | 82 |
| | 2 |
| | 32 |
| | 1 |
| All other loans | — |
| | — |
| | — |
| | — |
| Total loans | $ | 7,659 |
| | $ | 6 |
| | $ | 8,198 |
| | $ | 32 |
|
|
| Nonaccrual Loans |
The following table presents the Company’s recorded balance of nonaccrual loans as September 30, 2013 and December 31, 2012 (in thousands). This table excludes purchased impaired loans and performing troubled debt restructurings.
| | | | | | | | | | September 30,
2013 | | December 31,
2012 | Construction and land development | $ | 1,748 |
| | $ | 1,522 |
| Agricultural real estate | 235 |
| | 418 |
| 1-4 Family residential properties | 901 |
| | 1,899 |
| Multifamily residential properties | — |
| | — |
| Commercial real estate | 2,927 |
| | 2,063 |
| Loans secured by real estate | 5,811 |
| | 5,902 |
| Agricultural loans | 209 |
| | 930 |
| Commercial and industrial loans | 814 |
| | 704 |
| Consumer loans | 46 |
| | 37 |
| All other loans | — |
| | — |
| Total loans | $ | 6,880 |
| | $ | 7,573 |
|
|
| Recorded Balance of Troubled Debt Restructurings |
The following table presents the Company’s recorded balance of troubled debt restructurings at September 30, 2013 and December 31, 2012 (in thousands).
| | | | | | | | | Troubled debt restructurings: | September 30,
2013 | | December 31,
2012 | Construction and land development | $ | 1,735 |
| | $ | 1,522 |
| 1-4 Family residential properties | 239 |
| | 445 |
| Commercial real estate | 878 |
| | 950 |
| Loans secured by real estate | 2,852 |
| | 2,917 |
| Commercial and industrial loans | 386 |
| | 408 |
| Consumer loans | 29 |
| | 14 |
| Total | $ | 3,267 |
| | $ | 3,339 |
| Performing troubled debt restructurings: | |
| | |
| 1-4 Family residential properties | $ | 102 |
| | $ | 6 |
| Commercial real estate | — |
| | — |
| Loans secured by real estate | 102 |
| | 6 |
| Commercial and industrial loans | — |
| | — |
| Consumer loans | 29 |
| | 14 |
| Total | $ | 131 |
| | $ | 20 |
|
|
| Financing Receivables,Troubled Debt Restructurings during period [Table Text Block] |
The following table presents loans modified as TDRs during the nine months ended September 30, 2013 and 2012, as a result of various modified loan factors (in thousands): | | | | | | | | | | | | | | | | | | | | September 30, 2013 | | September 30, 2012 | | Number of Modifications | | Recorded Investment | | Type of Modifications | | Number of Modifications | | Recorded Investment | | Type of Modifications | Construction and land development | 1 |
| | $ | 357 |
| | (a) | | 4 |
|
| $ | 1,553 |
| | (a)(b) | 1-4 Family residential properties | 4 |
| | 176 |
| | (a)(b)(c) | | 2 |
|
| 94 |
| | (b) | Commercial real estate | — |
| | — |
| |
| | 1 |
|
| 289 |
| | (b) | Loans secured by real estate | 5 |
| | 533 |
| | | | 7 |
|
| 1,936 |
| | | Commercial and industrial loans | 1 |
| | 54 |
| | (a)(b) | | 4 |
|
| 185 |
| | (a)(b)(c)(d) | Consumer Loans | 3 |
| | 16 |
| | (b)(c) | | 1 |
|
| 14 |
| | (c) | Total | 9 |
| | $ | 603 |
| | | | 12 |
|
| $ | 2,135 |
| | |
|