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Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2016

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

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

		September 30, 2016												December 31, 2015
		PCI Loans				All Other Loans				Total				PCI  Loans				All Other Loans				Total
Commercial real estate		$	15,750			$	378,596			$	394,346			$	20,050			$	349,727			$	369,777
Consumer real estate		9,765				173,763				183,528				12,764				148,930				161,694
Construction and land development		1,704				127,029				128,733				2,695				102,783				105,478
Commercial and industrial		1,616				81,918				83,534				2,768				82,183				84,951
Consumer and other		—				7,001				7,001				—				5,815				5,815
Total loans		28,835				768,307				797,142				38,277				689,438				727,715
Less:  Allowance for loan losses		—				(4,964		)		(4,964		)		—				(4,354		)		(4,354		)
Loans, net		$	28,835			$	763,343			$	792,178			$	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 September 30, 2016 and December 31, 2015, is summarized in the tables below (amounts in thousands):

		September 30, 2016
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Performing loans		$	377,352			$	171,513			$	126,164			$	81,647			$	7,001			$	763,677
Impaired loans		1,244				2,250				865				271				—				4,630
		378,596				173,763				127,029				81,918				7,001				768,307
PCI loans		15,750				9,765				1,704				1,616				—				28,835
Total		$	394,346			$	183,528			$	128,733			$	83,534			$	7,001			$	797,142

Note 5. Loans and Allowance for Loan Losses, Continued

Credit Risk Management (Continued):

		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 September 30, 2016 and December 31, 2015 (amounts in thousands):

		September 30, 2016
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Performing loans		$	2,246			$	1,243			$	861			$	544			$	38			$	4,932
Impaired loans		—				—				—				32				—				32
Total		$	2,246			$	1,243			$	861			$	576			$	38			$	4,964

		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 nine month period ending September 30, 2016 and year ending December 31, 2015, by loan classification (amounts in thousands):

		September 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		—				(80		)		(14		)		(18		)		(120		)		(232		)
Recoveries of loans charged off		41				64				34				43				43				225
Provision (reallocation) charged to operating expense		299				244				214				(226		)		86				617
Ending balance		$	2,246			$	1,243			$	861			$	576			$	38			$	4,964

Note 5. Loans and Allowance for Loan Losses, Continued

Credit Risk Management (Continued):

		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 September 30, 2016 and December 31, 2015 (amounts in thousands):

Non PCI Loans

		September 30, 2016
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Pass		$	378,314			$	172,647			$	126,074			$	81,379			$	6,756			$	765,170
Watch		160				553				90				268				1				1,072
Special mention		—				106				—				—				244				350
Substandard		122				457				865				271				—				1,715
Doubtful		—				—				—				—				—				—
Total		$	378,596			$	173,763			$	127,029			$	81,918			$	7,001			$	768,307

PCI Loans

		September 30, 2016
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Pass		$	12,408			$	7,452			$	1,045			$	1,539			$	—			$	22,444
Watch		1,064				1,676				644				26				—				3,410
Special mention		—				—				—				13				—				13
Substandard		2,278				637				15				8				—				2,938
Doubtful		—				—				—				30				—				30
Total		$	15,750			$	9,765			$	1,704			$	1,616			$	—			$	28,835
Total loans		$	394,346			$	183,528			$	128,733			$	83,534			$	7,001			$	797,142

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

Credit Risk Management (Continued):

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 September 30, 2016 and December 31, 2015 (amounts in thousands): 

		September 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		$	66			$	—			$	—			$	66			$	15,750			$	378,530			$	394,346
Consumer real estate		609				106				166				881				9,765				172,882				183,528
Construction and land development		—				—				865				865				1,704				126,164				128,733
Commercial and industrial		—				—				224				224				1,616				81,694				83,534
Consumer and other		20				9				—				29				—				6,972				7,001
Total		$	695			$	115			$	1,255			$	2,065			$	28,835			$	766,242			$	797,142

Note 5. Loans and Allowance for Loan Losses, Continued

Past Due Loans (Continued):

		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 September 30, 2016 and December 31, 2015 (amounts in thoudands):  

														For the nine months ended
		At September 30, 2016												September 30, 2016
		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
Impaired loans without a valuation allowance:
Commercial real estate		$	1,244			$	1,244			$	—			$	1,769			$	71
Consumer real estate		2,250				2,809				—				3,039				80
Construction and land development		865				865				—				1,009				3
Commercial and industrial		47				47				—				48				3
Consumer and other		—				—				—				—				—
		4,406				4,965				—				5,865				157
Impaired loans with a valuation allowance:
Commercial real estate		—				—				—				—				—
Consumer real estate		—				—				—				—				—
Construction and land development		—				—				—				—				—
Commercial and industrial		224				296				32				369				63
Consumer and other		—				—				—				—				—
		224				296				32				369				63
Total impaired loans		$	4,630			$	5,261			$	32			$	6,234			$	220

Note 5. Loans and Allowance for Loan Losses, Continued

Impaired Loans (Continued):

														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 nine month period ended September 30, 2016 (amounts in thousands):

				Pre-Modification Outstanding Recorded				Post-Modification Outstanding Recorded
September 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:

	September 30, 2016
Commercial real estate	$	18,678
Consumer real estate	13,644
Construction and land development	2,577
Commercial and industrial	2,597
Consumer and other	—
Total loans	$	37,496
Less remaining purchase discount	(8,661		)
Total loans, net of purchase discount	28,835
Less: Allowance for loan losses	—
Carrying amount, net of allowance	$	28,835

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 nine months period ended September 30, 2016 and 2015:

		Three Months Ended September 30, 2016				Three Months Ended September 30, 2015				Nine Months Ended September 30, 2016				Nine Months Ended September 30, 2015
Accretable yield, beginning of period		$	10,209			$	7,179			$	10,216			$	7,983
Additions		—				4,282				—				4,282
Accretion income		(661		)		(162		)		(1,876		)		(886		)
Reclassification to accretable		174				55				1,511				110
Other changes, net		(334		)		(521		)		(463		)		(656		)
Accretable yield		$	9,388			$	10,833			$	9,388			$	10,833

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