XML 29 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
Loans
 3 Months Ended
Mar. 31, 2012
Loans and Allowance for Loan Losses and Credit Quality Indicators [Abstract]  
Loans

Note 5. Loans

Loan Portfolio

Loans, net of unearned income, consisted of the following at March 31, 2012, and December 31, 2011:

 

                                 
    March 31, 2012     December 31, 2011  
(Amounts in thousands)   Amount     Percent     Amount     Percent  

Commercial loans

                                

Construction — commercial

   $ 19,593       1.41 %    $ 35,482       2.54 % 

Land development

     2,571       0.18 %      2,902       0.21 % 

Other land loans

     23,572       1.70 %      23,384       1.67 % 

Commercial and industrial

     80,637       5.82 %      91,939       6.58 % 

Multi-family residential

     78,815       5.68 %      77,050       5.52 % 

Single family non-owner occupied

     108,247       7.81 %      106,743       7.65 % 

Non-farm, non-residential

     356,029       25.68 %      336,005       24.07 % 

Agricultural

     1,607       0.12 %      1,374       0.10 % 

Farmland

     37,751       2.72 %      37,161       2.66 % 
   

 

 

    

 

 

    

 

 

    

 

 

  

Total commercial loans

     708,822       51.12 %      712,040       51.00 % 

Consumer real estate loans

                                

Home equity lines

     109,751       7.91 %      111,387       7.98 % 

Single family owner occupied

     479,411       34.58 %      473,067       33.89 % 

Owner occupied construction

     17,995       1.30 %      19,577       1.40 % 
   

 

 

    

 

 

    

 

 

    

 

 

  

Total consumer real estate loans

     607,157       43.79 %      604,031       43.27 % 

Consumer and other loans

                                

Consumer loans

     65,036       4.69 %      67,129       4.81 % 

Other

     5,510       0.40 %      12,867       0.92 % 
   

 

 

    

 

 

    

 

 

    

 

 

  

Total consumer and other loans

     70,546       5.09 %      79,996       5.73 % 
   

 

 

    

 

 

    

 

 

    

 

 

  

Loans held for investment, net of unearned income

   $ 1,386,525       100.00 %    $ 1,396,067       100.00 % 
   

 

 

    

 

 

    

 

 

    

 

 

  

Loans held for sale

   $ 3,522             $ 5,820          
   

 

 

            

 

 

          

See Note 10, “Commitments and Contingencies,” for information concerning the Company’s off-balance sheet credit risk related to lending activities.

 

Acquired Impaired Loans

The following table presents the carrying balance of acquired impaired loans at the acquisition date and activity within those loans during the periods indicated. The Company has estimated the cash flows to be collected on the loans and discounted those cash flows at a market rate of interest.

 

                         
    TriStone     Other     Total  
(Amounts in thousands)                  

At acquisition date:

                        

Contractually required payments receivable

   $ 6,862     $ 8,790     $ 15,652  

Nonaccretable difference

     (1,670 )      (2,488 )      (4,158 ) 
   

 

 

    

 

 

    

 

 

  

Cash flows expected to be collected

     5,192       6,302       11,494  

Accretable yield

     (149 )      (891 )      (1,040 ) 
   

 

 

    

 

 

    

 

 

  

Fair value at acquisition date

   $ 5,043     $ 5,411     $ 10,454  
   

 

 

    

 

 

    

 

 

  

Balance, January 1, 2011

   $ 2,814     $ 407     $ 3,221  

Accretion

     7       —         7  

Principal payments received

     (35 )      —         (35 ) 

Other

     98       —         98  
   

 

 

    

 

 

    

 

 

  

Balance, March 31, 2011

   $ 2,884     $ 407     $ 3,291  
   

 

 

    

 

 

    

 

 

  

Balance, January 1, 2012

   $ 2,479     $ 407     $ 2,886  

Accretion

     51       883       934  

Principal payments received

     (154 )      (1,282 )      (1,436 ) 

Other

     4       —         4  
   

 

 

    

 

 

    

 

 

  

Balance, March 31, 2012

   $ 2,380     $ 8     $ 2,388  
   

 

 

    

 

 

    

 

 

  

The outstanding balance of acquired impaired loans totaled $6.28 million and $7.71 million at March 31, 2012, and December 31, 2011, respectively.

The following table presents changes to the accretable yield during the periods indicated:

 

                         
    TriStone     Other     Total  
(Amounts in thousands)                  

Balance, January 1, 2011

   $ 53     $ 891     $ 944  

Accretion

     (7 )      —         (7 ) 
   

 

 

    

 

 

    

 

 

  

Balance, March 31, 2011

   $ 46     $ 891     $ 937  
   

 

 

    

 

 

    

 

 

  

Balance, January 1, 2012

   $ 28     $ 891     $ 919  

Accretion

     (51 )      (883 )      (934 ) 

Reclassifications from nonaccretable difference

     46       —         46  
   

 

 

    

 

 

    

 

 

  

Balance, March 31, 2012

   $ 23     $ 8     $ 31