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Loans and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2016

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

At June 30, 2016 and December 31, 2015, loans are summarized as follows (in thousands):

		June 30, 2016												December 31, 2015
		PCI Loans				All Other Loans				Total				PCI  Loans				All Other Loans				Total
Commercial real estate		$	16,881			$	371,509			$	388,390			$	20,050			$	349,727			$	369,777
Consumer real estate		10,165				163,875				174,040				12,764				148,930				161,694
Construction and land development		1,998				114,183				116,181				2,695				102,783				105,478
Commercial and industrial		1,841				85,559				87,400				2,768				82,183				84,951
Consumer and other		—				7,384				7,384				—				5,815				5,815
Total loans		30,885				742,510				773,395				38,277				689,438				727,715
Less:  Allowance for loan losses		—				(4,719		)		(4,719		)		—				(4,354		)		(4,354		)
Loans, net		$	30,885			$	737,791			$	768,676			$	38,277			$	685,084			$	723,361

Schedule of Impaired and Performing Loans Receivable

The composition of loans by loan classification for impaired and performing loan status at June 30, 2016 and December 31, 2015, is summarized in the tables below (amounts in thousands):

		June 30, 2016
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Performing loans		$	369,579			$	161,295			$	113,114			$	85,062			$	7,384			$	736,434
Impaired loans		1,930				2,580				1,069				497				—				6,076
		371,509				163,875				114,183				85,559				7,384				742,510
PCI loans		16,881				10,165				1,998				1,841				—				30,885
Total		$	388,390			$	174,040			$	116,181			$	87,400			$	7,384			$	773,395

		December 31, 2015
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Performing loans		$	347,775			$	145,289			$	101,751			$	81,715			$	5,815			$	682,345
Impaired loans		1,952				3,641				1,032				468				—				7,093
		349,727				148,930				102,783				82,183				5,815				689,438
PCI loans		20,050				12,764				2,695				2,768				—				38,277
Total loans		$	369,777			$	161,694			$	105,478			$	84,951			$	5,815			$	727,715

Schedule of Allowance for Loan Losses for Impaired and Performing Loans Receivable

The following tables show the allowance for loan losses allocation by loan classification for impaired, PCI, and performing loans as of June 30, 2016 and December 31, 2015 (amounts in thousands):

		June 30, 2016
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Performing loans		$	2,071			$	1,082			$	733			$	535			$	38			$	4,459
Impaired loans		—				—				—				260				—				260
Total		$	2,071			$	1,082			$	733			$	795			$	38			$	4,719

		December 31, 2015
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Performing loans		$	1,906			$	1,015			$	627			$	519			$	29			$	4,096
Impaired loans		—				—				—				258				—				258
Total		$	1,906			$	1,015			$	627			$	777			$	29			$	4,354

Schedule of Financing Receivable Allowance for Credit Losses

The following tables detail the changes in the allowance for loan losses for the six month period ending June 30, 2016 and year ending December 31, 2015, by loan classification (amounts in thousands):

		June 30, 2016
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Beginning balance		$	1,906			$	1,015			$	627			$	777			$	29			$	4,354
Loans charged off		—				(67		)		—				—				(70		)		(137		)
Recoveries of loans charged off		24				37				17				40				28				146
Provision (reallocation) charged to operating expense		141				97				89				(22		)		51				356
Ending balance		$	2,071			$	1,082			$	733			$	795			$	38			$	4,719

		December 31, 2015
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Beginning balance		$	1,734			$	906			$	690			$	524			$	26			$	3,880
Loans charged off		(95		)		(247		)		(50		)		—				(114		)		(506		)
Recoveries of charge-offs		—				—				26				19				12				57
Provision (reallocation) charged to operating expense		267				356				(39		)		234				105				923
Ending balance		$	1,906			$	1,015			$	627			$	777			$	29			$	4,354

Financing Receivable Credit Quality Indicators

The following tables outline the amount of each loan classification and the amount categorized into each risk rating as of June 30, 2016 and December 31, 2015 (amounts in thousands):

Non PCI Loans

		June 30, 2016
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Pass		$	371,117			$	162,559			$	113,015			$	85,059			$	7,158			$	738,908
Watch		160				554				91				—				—				805
Special mention		107				—				—				—				226				333
Substandard		125				762				1,077				500				—				2,464
Doubtful		—				—				—				—				—				—
Total		$	371,509			$	163,875			$	114,183			$	85,559			$	7,384			$	742,510

Note 5. Loans and Allowance for Loan Losses, Continued

Credit Risk Management (Continued):

PCI Loans

		June 30, 2016
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Pass		$	13,451			$	7,748			$	1,113			$	1,717			$	—			$	24,029
Watch		765				1,700				668				37				—				3,170
Special mention		1,587				—				—				13				—				1,600
Substandard		1,078				717				217				46				—				2,058
Doubtful		—				—				—				28				—				28
Total		$	16,881			$	10,165			$	1,998			$	1,841			$	—			$	30,885
Total loans		$	388,390			$	174,040			$	116,181			$	87,400			$	7,384			$	773,395

Non PCI Loans

		December 31, 2015
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Pass		$	349,030			$	146,645			$	101,751			$	81,683			$	5,815			$	684,924
Watch		184				327				—				—				—				511
Special mention		387				—				—				32				—				419
Substandard		126				1,958				1,032				468				—				3,584
Doubtful		—				—				—				—				—				—
Total		$	349,727			$	148,930			$	102,783			$	82,183			$	5,815			$	689,438

PCI Loans

		December 31, 2015
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Pass		$	17,127			$	11,635			$	1,947			$	2,458			$	—			$	33,167
Watch		—				260				—				—				—				260
Special mention		1,975				—				526				221				—				2,722
Substandard		948				869				222				89				—				2,128
Doubtful		—				—				—				—				—				—
Total		$	20,050			$	12,764			$	2,695			$	2,768			$	—			$	38,277
Total loans		$	369,777			$	161,694			$	105,478			$	84,951			$	5,815			$	727,715

Past Due Financing Receivables

The following tables present the aging of the recorded investment in loans as of June 30, 2016 and December 31, 2015 (amounts in thousands): 

		June 30, 2016
		30-89 Days  Past Due and Accruing				Past Due 90  Days or More and Accruing				Nonaccrual				Total  Past Due and NonAccrual				PCI Loans				Current Loans				Total Loans
Commercial real estate		$	1,855			$	—			$	232			$	2,087			$	16,881			$	369,422			$	388,390
Consumer real estate		237				101				333				671				10,165				163,204				174,040
Construction and land development		—				17				1,070				1,087				1,998				113,096				116,181
Commercial and industrial		101				—				452				553				1,841				85,006				87,400
Consumer and other		—				—				—				—				—				7,384				7,384
Total		$	2,193			$	118			$	2,087			$	4,398			$	30,885			$	738,112			$	773,395

		December 31, 2015
		30-89 Days Past Due and Accruing				Past Due 90 Days or More and Accruing				Nonaccrual				Total Past Due and NonAccrual				PCI Loans				Current Loans				Total Loans
Commercial real estate		$	471			$	258			$	—			$	729			$	20,050			$	348,998			$	369,777
Consumer real estate		581				232				1,351				2,164				12,764				146,766				161,694
Construction and land development		137				—				483				620				2,695				102,163				105,478
Commercial and industrial		207				12				418				637				2,768				81,546				84,951
Consumer and other		12				—				—				12				—				5,803				5,815
Total		$	1,408			$	502			$	2,252			$	4,162			$	38,277			$	685,276			$	727,715

Impaired Financing Receivables

The following is an analysis of the impaired loan portfolio, excluding PCI loans, detailing the related allowance recorded as of June 30, 2016 and December 31, 2015 (amounts in thoudands):  

														For the six months
		At June 30, 2016												June 30, 2016
		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
Impaired loans without a valuation allowance:
Commercial real estate		$	1,930			$	1,930			$	—			$	1,944			$	82
Consumer real estate		2,580				3,135				—				3,302				62
Construction and land development		1,069				1,069				—				1,057				3
Commercial and industrial		48				—				—				48				1
Consumer and other		—				—				—				—				—
		5,627				6,134				—				6,351				148
Impaired loans with a valuation allowance:
Commercial real estate		—				—				—				—				—
Consumer real estate		—				—				—				—				—
Construction and land development		—				—				—				—				—
Commercial and industrial		449				569				260				417				63
Consumer and other		—				—				—				—				—
		449				569				260				417				63
Total impaired loans		$	6,076			$	6,703			$	260			$	6,768			$	211

														For the year ended
		At December 31, 2015												December 31, 2015
		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
Impaired loans without a valuation allowance:
Commercial real estate		$	1,952			$	1,952			$	—			$	1,898			$	73
Consumer real estate		3,641				4,341				—				4,003				81
Construction and land development		1,033				1,033				—				1,044				26
Commercial and industrial		49				49				—				54				3
Consumer and other		—				—				—				—				—
		6,675				7,375				—				6,999				183
Impaired loans with a valuation allowance:
Commercial real estate		—				—				—				—				—
Consumer real estate		—				—				—				—				—
Construction and land development		—				—				—				—				—
Commercial and industrial		418				418				258				448				—
Consumer and other		—				—				—				—				—
		418				418				258				448				—
Total impaired loans		$	7,093			$	7,793			$	258			$	7,447			$	183

Troubled Debt Restructurings on Financing Receivables

The following table presents a summary of loans that were modified as troubled debt restructurings during the six month period ended June 30, 2016 (amounts in thousands):

				Pre-Modification Outstanding Recorded				Post-Modification Outstanding Recorded
June 30, 2016		Number of Contracts		Investment				Investment
Construction and land development		1		$	483			$	483
Commercial and industrial		1		385				385

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period, Carrying Amount of Loans

The Company has acquired loans which there was, at acquisition, evidence of deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected. The carrying amount of those loans as of is as follows:

	June 30, 2016
Commercial real estate	$	19,831
Consumer real estate	14,062
Construction and land development	2,853
Commercial and industrial	2,882
Consumer and other	—
Total loans	$	39,628
Less remaining purchase discount	(8,743		)
	30,885
Less: Allowance for loan losses	—
Carrying amount, net of allowance	$	30,885

Schedule of Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield Movement

Activity related to the accretable portion of the purchase discount on loans acquired with deteriorated credit quality is as follows for the three and six months period ended June 30, 2016 and 2015:

		Three Months Ended June 30, 2016				Three Months Ended June 30, 2015				Six Months Ended June 30, 2016				Six Months Ended June 30, 2015
Accretable yield, beginning of period		$	9,606			$	7,704			$	10,216			$	7,983
Additions		—				—				—				—
Accretion income		(586		)		(331		)		(1,215		)		(724		)
Reclassification to accretable (nonaccretable)		1,378				(22		)		1,337				55
Other changes, net		(189		)		(172		)		(129		)		(135		)
Accretable yield		$	10,209			$	7,179			$	10,209			$	7,179

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