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Loans and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2017

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

At March 31, 2017 and December 31, 2016, loans are summarized as follows (in thousands):

		March 31, 2017												December 31, 2016
		PCI Loans				All Other Loans				Total				PCI  Loans				All Other Loans				Total
Commercial real estate		$	14,683			$	393,216			$	407,899			$	14,943			$	400,265			$	415,208
Consumer real estate		8,874				177,471				186,345				9,004				178,798				187,802
Construction and land development		1,506				114,168				115,674				1,678				116,191				117,869
Commercial and industrial		1,538				89,169				90,707				1,568				83,454				85,022
Consumer and other		—				6,914				6,914				—				7,475				7,475
Total loans		26,601				780,938				807,539				27,193				786,183				813,376
Less:  Allowance for loan losses		—				(5,152		)		(5,152		)		—				(5,105		)		(5,105		)
Loans, net		$	26,601			$	775,786			$	802,387			$	27,193			$	781,078			$	808,271

Schedule of Impaired and Performing Loans Receivable

The composition of loans by loan classification for impaired and performing loan status at March 31, 2017 and December 31, 2016, is summarized in the tables below (amounts in thousands):

		March 31, 2017
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Performing loans		$	392,978			$	176,478			$	113,534			$	88,960			$	6,914			$	778,864
Impaired loans		238				993				634				209				—				2,074
		393,216				177,471				114,168				89,169				6,914				780,938
PCI loans		14,683				8,874				1,506				1,538				—				26,601
Total		$	407,899			$	186,345			$	115,674			$	90,707			$	6,914			$	807,539

		December 31, 2016
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Performing loans		$	400,146			$	177,977			$	115,326			$	83,244			$	7,475			$	784,168
Impaired loans		119				821				865				210				—				2,015
		400,265				178,798				116,191				83,454				7,475				786,183
PCI loans		14,943				9,004				1,678				1,568				—				27,193
Total loans		$	415,208			$	187,802			$	117,869			$	85,022			$	7,475			$	813,376

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 March 31, 2017 and December 31, 2016 (amounts in thousands):

		March 31, 2017
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Performing loans		$	2,329			$	1,398			$	706			$	554			$	93			$	5,080
Impaired loans		—				68				—				4				—				72
Total		$	2,329			$	1,466			$	706			$	558			$	93			$	5,152

		December 31, 2016
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Performing loans		$	2,369			$	1,382			$	717			$	516			$	117			$	5,101
Impaired loans		—				—				—				4				—				4
Total		$	2,369			$	1,382			$	717			$	520			$	117			$	5,105

Schedule of Financing Receivable Allowance for Credit Losses

The following tables detail the changes in the allowance for loan losses for the three month period ending March 31, 2017 and year ending December 31, 2016, by loan classification (amounts in thousands):

		March 31, 2017
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Beginning balance		$	2,369			$	1,382			$	717			$	520			$	117			$	5,105
Loans charged off		—				—				—				(3		)		(22		)		(25		)
Recoveries of loans charged off		5				17				5				16				17				60
Provision (reallocation) charged to operating expense		(45		)		67				(16		)		25				(19		)		12
Ending balance		$	2,329			$	1,466			$	706			$	558			$	93			$	5,152

		December 31, 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		—				(102		)		(14		)		(35		)		(155		)		(306		)
Recoveries of charge-offs		45				76				22				58				68				269
Provision (reallocation) charged to operating expense		418				393				82				(280		)		175				788
Ending balance		$	2,369			$	1,382			$	717			$	520			$	117			$	5,105

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 March 31, 2017 and December 31, 2016 (amounts in thousands):

Non PCI Loans

		March 31, 2017
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Pass		$	392,338			$	176,001			$	113,447			$	88,723			$	6,685			$	777,194
Watch		635				514				87				237				—				1,473
Special mention		—				103				—				—				229				332
Substandard		243				853				634				209				—				1,939
Doubtful		—				—				—				—				—				—
Total		$	393,216			$	177,471			$	114,168			$	89,169			$	6,914			$	780,938

PCI Loans

		March 31, 2017
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Pass		$	11,617			$	6,816			$	848			$	1,309			$	—			$	20,590
Watch		890				1,280				645				19				—				2,834
Special mention		—				—				—				183				—				183
Substandard		2,176				778				13				—				—				2,967
Doubtful		—				—				—				27				—				27
Total		$	14,683			$	8,874			$	1,506			$	1,538			$	—			$	26,601
Total loans		$	407,899			$	186,345			$	115,674			$	90,707			$	6,914			$	807,539

Non PCI Loans

		December 31, 2016
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Pass		$	399,505			$	177,466			$	115,237			$	82,992			$	7,238			$	782,438
Watch		640				550				89				252				—				1,531
Special mention		—				104				—				—				237				341
Substandard		120				678				865				210				—				1,873
Doubtful		—				—				—				—				—				—
Total		$	400,265			$	178,798			$	116,191			$	83,454			$	7,475			$	786,183

Note 4. Loans and Allowance for Loan Losses, Continued

Credit Risk Management (continued):

PCI Loans

		December 31, 2016
		Commercial Real Estate				Consumer Real Estate				Construction and Land Development				Commercial and Industrial				Consumer and Other				Total
Pass		$	11,836			$	6,811			$	1,019			$	1,507			$	—			$	21,173
Watch		1,045				1,577				645				22				—				3,289
Special mention		—				—				—				12				—				12
Substandard		2,062				616				14				—				—				2,692
Doubtful		—				—				—				27				—				27
Total		$	14,943			$	9,004			$	1,678			$	1,568			$	—			$	27,193
Total loans		$	415,208			$	187,802			$	117,869			$	85,022			$	7,475			$	813,376

Past Due Financing Receivables

The following tables present the aging of the recorded investment in loans as of March 31, 2017 and December 31, 2016 (amounts in thousands): 

		March 31, 2017
		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		$	196			$	—			$	124			$	320			$	14,683			$	392,896			$	407,899
Consumer real estate		1,180				—				523				1,703				8,874				175,768				186,345
Construction and land development		34				—				634				668				1,506				113,500				115,674
Commercial and industrial		359				27				164				550				1,538				88,619				90,707
Consumer and other		20				—				—				20				—				6,894				6,914
Total		$	1,789			$	27			$	1,445			$	3,261			$	26,601			$	777,677			$	807,539

Note 4. Loans and Allowance for Loan Losses, Continued

Past Due Loans (continued):

		December 31, 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		$	395			$	—			$	—			$	395			$	14,943			$	399,870			$	415,208
Consumer real estate		695				699				386				1,780				9,004				177,018				187,802
Construction and land development		690				—				865				1,555				1,678				114,636				117,869
Commercial and industrial		257				—				164				421				1,568				83,033				85,022
Consumer and other		17				—				—				17				—				7,458				7,475
Total		$	2,054			$	699			$	1,415			$	4,168			$	27,193			$	782,015			$	813,376

Impaired Financing Receivables

The following is an analysis of the impaired loan portfolio, excluding PCI loans, detailing the related allowance recorded as of March 31, 2017 and December 31, 2016 (amounts in thoudands):  

														For the three months ended
		At March 31, 2017												March 31, 2017
		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
Impaired loans without a valuation allowance:
Commercial real estate		$	238			$	241			$	—			$	179			$	3
Consumer real estate		368				383				—				595				6
Construction and land development		634				634				—				750				—
Commercial and industrial		45				45				—				46				1
Consumer and other		—				—				—				—				—
		1,285				1,303				—				1,570				10
Impaired loans with a valuation allowance:
Commercial real estate		—				—				—				—				—
Consumer real estate		625				644				68				313				5
Construction and land development		—				—				—				—				—
Commercial and industrial		164				243				4				164				—
Consumer and other		—				—				—				—				—
		789				887				72				477				5
Total impaired loans		$	2,074			$	2,190			$	72			$	2,047			$	15

Note 4. Loans and Allowance for Loan Losses, Continued

Impaired Loans (continued):

														For the year ended
		At December 31, 2016												December 31, 2016
		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
Impaired loans without a valuation allowance:
Commercial real estate		$	119			$	119			$	—			$	1,311			$	73
Consumer real estate		821				849				—				2,334				100
Construction and land development		865				865				—				967				3
Commercial and industrial		46				46				—				47				4
Consumer and other		—				—				—				—				—
		1,851				1,879				—				4,659				180
Impaired loans with a valuation allowance:
Commercial real estate		—				—				—				—				—
Consumer real estate		—				—				—				—				—
Construction and land development		—				—				—				—				—
Commercial and industrial		164				243				4				306				70
Consumer and other		—				—				—				—				—
		164				243				4				306				70
Total impaired loans		$	2,015			$	2,122			$	4			$	4,965			$	250

Troubled Debt Restructurings on Financing Receivables

The following table presents a summary of loans that were modified as troubled debt restructurings during the three month period ended March 31, 2017 (amounts in thousands):

				Pre-Modification Outstanding Recorded				Post-Modification Outstanding Recorded
March 31, 2017		Number of Contracts		Investment				Investment
Consumer real estate		1		$	138			$	138

The following table presents a summary of loans that were modified as troubled debt restructurings during the twelve month period ended December 31, 2016 (amounts in thousands):

				Pre-Modification Outstanding Recorded				Post-Modification Outstanding Recorded
December 31, 2016		Number of Contracts		Investment				Investment
Construction and land development		1		$	278			$	278
Commercial and industrial		1		$	164			$	164

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:

	March 31, 2017			December 31, 2016
Commercial real estate	$	18,105		$	18,473
Consumer real estate	11,954			12,111
Construction and land development	2,364			2,553
Commercial and industrial	2,380			2,482
Consumer and other	—			—
Total loans	34,803			35,619
Less remaining purchase discount	(8,202		)	(8,426		)
Total loans, net of purchase discount	26,601			27,193
Less: Allowance for loan losses	—			—
Carrying amount, net of allowance	$	26,601		$	27,193

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 months period ended March 31, 2017 and 2016:

Note 4. Loans and Allowance for Loan Losses, Continued

Purchased Credit Impaired Loans (continued):

		Three Months Ended March 31, 2017				Three Months Ended March 31, 2016
Accretable yield, beginning of period		$	8,950			$	10,216
Additions		—				—
Accretion income		(697		)		(629		)
Reclassification to accretable		244				(41		)
Other changes, net		(15		)		60
Accretable yield		$	8,482			$	9,606

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