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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

3 Months Ended

Mar. 31, 2017

Receivables [Abstract]

Summary of Loan Portfolio by Type of Loan

The following table summarizes our loan portfolio by type of loan as of:

	March 31, 2017				December 31, 2016
Commercial and industrial	$	205,903			$	223,997
Real estate:
Construction and development	152,760				129,366
Commercial real estate	372,855				367,656
Farmland	62,130				62,362
1-4 family residential	360,873				362,952
Multi-family residential	23,943				26,079
Consumer	52,816				53,505
Agricultural	21,473				18,901
Overdrafts	390				317
Total loans	1,253,143				1,245,135
Less:
Allowance for loan losses	11,928				11,484
Total net loans	$	1,241,215			$	1,233,651

Schedule of Allowance for Loan Losses Activity

The following table presents the activity in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method for the three months ended March 31, 2017, for the year ended December 31, 2016 and for the three months ended March 31, 2016:

For the three months ended March 31, 2017	Commercial and industrial				Construction and development				Commercial real estate				Farmland				1-4 family residential				Multi-family residential				Consumer				Agricultural				Overdrafts				Total
Allowance for loan losses:
Beginning balance	$	1,592			$	1,161			$	3,264			$	482			$	3,960			$	281			$	585			$	153			$	6			$	11,484
Provision for loan losses	177				188				123				(10		)		(72		)		(53		)		280				2				15				650
Loans charged-off	(6		)		—				—				—				(118		)		—				(89		)		—				(35		)		(248		)
Recoveries	—				—				—				—				—				—				22				—				20				42
Ending balance	$	1,763			$	1,349			$	3,387			$	472			$	3,770			$	228			$	798			$	155			$	6			$	11,928
Allowance ending balance:
Individually evaluated for impairment	$	129			$	—			$	31			$	41			$	40			$	—			$	—			$	—			$	—			$	241
Collectively evaluated for impairment	1,634				1,349				3,356				431				3,730				228				798				155				6				11,687
Loans:
Individually evaluated for impairment	919				—				6,411				170				1,769				247				34				612				—				10,162
Collectively evaluated for impairment	204,984				152,760				366,444				61,960				359,104				23,696				52,782				20,861				390				1,242,981
Ending balance	$	205,903			$	152,760			$	372,855			$	62,130			$	360,873			$	23,943			$	52,816			$	21,473			$	390			$	1,253,143

For the year ended December 31, 2016	Commercial and industrial				Construction and development				Commercial real estate				Farmland				1-4 family residential				Multi-family residential				Consumer				Agricultural				Overdrafts				Total
Allowance for loan losses:
Beginning balance	$	1,878			$	1,004			$	2,106			$	400			$	2,839			$	325			$	562			$	138			$	11			$	9,263
Provision for loan losses	910				162				1,158				82				1,117				(44		)		171				15				69				3,640
Loans charged-off	(1,213		)		(9		)		—				—				(71		)		—				(269		)		—				(200		)		(1,762		)
Recoveries	17				4				—				—				75				—				121				—				126				343
Ending balance	$	1,592			$	1,161			$	3,264			$	482			$	3,960			$	281			$	585			$	153			$	6			$	11,484
Allowance ending balance:
Individually evaluated for impairment	$	64			$	—			$	—			$	47			$	108			$	—			$	34			$	—			$	—			$	253
Collectively evaluated for impairment	1,528				1,161				3,264				435				3,852				281				551				153				6				11,231
Loans:
Individually evaluated for impairment	231				1,825				1,196				258				2,588				5				200				15				—				6,318
Collectively evaluated for impairment	223,766				127,541				366,460				62,104				360,364				26,074				53,305				18,886				317				1,238,817
Ending balance	$	223,997			$	129,366			$	367,656			$	62,362			$	362,952			$	26,079			$	53,505			$	18,901			$	317			$	1,245,135

For the three months ended March 31, 2016	Commercial and industrial				Construction and development				Commercial real estate				Farmland				1-4 family residential				Multi-family residential				Consumer				Agricultural				Overdrafts				Total
Allowance for loan losses:
Beginning balance	$	1,878			$	1,004			$	2,106			$	400			$	2,839			$	325			$	562			$	138			$	11			$	9,263
Provision for loan losses	(504		)		(200		)		145				(50		)		1,115				13				(83		)		(12		)		26				450
Loans charged-off	—				—				—				—				(14		)		—				(51		)		—				(39		)		(104		)
Recoveries	11				4				—				—				—				—				18				—				23				56
Ending balance	$	1,385			$	808			$	2,251			$	350			$	3,940			$	338			$	446			$	126			$	21			$	9,665
Allowance ending balance:
Individually evaluated for impairment	$	288			$	—			$	—			$	47			$	92			$	—			$	84			$	—			$	—			$	511
Collectively evaluated for impairment	1,097				808				2,251				303				3,848				338				362				126				21				9,154
Loans:
Individually evaluated for impairment	3,270				39				128				283				2,038				3				235				—				—				5,996
Collectively evaluated for impairment	213,659				92,792				336,871				54,038				332,385				34,652				51,317				19,808				546				1,136,068
Ending balance	$	216,929			$	92,831			$	336,999			$	54,321			$	334,423			$	34,655			$	51,552			$	19,808			$	546			$	1,142,064

Summary of Credit Exposure by Internally Assigned Grade

The following tables summarize the credit exposure in the consumer and commercial loan portfolios as of:

March 31, 2017	Commercial and industrial				Construction and development				Commercial real estate				Farmland				1-4 family residential				Multi-family residential				Consumer				Agricultural				Total
Grade:
Pass	$	200,851			$	152,760			$	365,789			$	61,503			$	354,074			$	23,696			$	52,308			$	19,802			$	1,230,783
Special mention	4,025				—				1,287				457				3,011				—				440				972				10,192
Substandard	1,027				—				5,701				170				3,745				247				397				699				11,986
Doubtful	—				—				78				—				43				—				61				—				182
Total	$	205,903			$	152,760			$	372,855			$	62,130			$	360,873			$	23,943			$	53,206			$	21,473			$	1,253,143

December 31, 2016	Commercial and industrial				Construction and development				Commercial real estate				Farmland				1-4 family residential				Multi-family residential				Consumer				Agricultural				Total
Grade:
Pass	$	218,975			$	127,537			$	360,264			$	61,713			$	353,483			$	25,871			$	52,648			$	17,965			$	1,218,456
Special mention	4,299				4				1,927				248				4,311				—				524				478				11,791
Substandard	706				1,825				5,465				401				5,121				208				568				458				14,752
Doubtful	17				—				—				—				37				—				82				—				136
Total	$	223,997			$	129,366			$	367,656			$	62,362			$	362,952			$	26,079			$	53,822			$	18,901			$	1,245,135

Summary of Payment Status of Loans

The following tables summarize the payment status of loans in the Company’s total loan portfolio, including an aging of delinquent loans, loans 90 days or more past due continuing to accrue interest and loans classified as nonperforming as of:

March 31, 2017	30 to 59 Days Past Due			60 to 89 Days Past Due			90 Days and Greater Past Due			Total Past Due			Current			Total Loans			Recorded Investment > 90 Days and Accruing
Commercial and industrial	460			181			30			671			205,232			205,903			—
Real estate:
Construction and development	60			—			—			60			152,700			152,760			—
Commercial real estate	1,225			41			136			1,402			371,453			372,855			—
Farmland	114			—			—			114			62,016			62,130			—
1-4 family residential	3,867			323			1,183			5,373			355,500			360,873			—
Multi-family residential	49			198			—			247			23,696			23,943			—
Consumer	610			95			80			785			52,031			52,816			—
Agricultural	188			14			14			216			21,257			21,473			—
Overdrafts	—			—			—			—			390			390			—
Total	6,573			852			1,443			8,868			1,244,275			1,253,143			—

December 31, 2016	30 to 59 Days Past Due			60 to 89 Days Past Due			90 Days and Greater Past Due			Total Past Due			Current			Total Loans			Recorded Investment > 90 Days and Accruing
Commercial and industrial	941			105			25			1,071			222,926			223,997			—
Real estate:
Construction and development	73			—			1,825			1,898			127,468			129,366			—
Commercial real estate	1,629			32			134			1,795			365,861			367,656			—
Farmland	100			26			7			133			62,229			62,362			—
1-4 family residential	3,724			803			1,041			5,568			357,384			362,952			—
Multi-family residential	207			49			—			256			25,823			26,079			—
Consumer	613			205			87			905			52,600			53,505			—
Agricultural	59			—			15			74			18,827			18,901			—
Overdrafts	—			—			—			—			317			317			—
Total	7,346			1,220			3,134			11,700			1,233,435			1,245,135			—

Schedule of Nonaccrual Loans

The following table presents information regarding nonaccrual loans as of:

	March 31, 2017			December 31, 2016
Commercial and industrial	517			82
Real estate:
Construction and development	—			1,825
Commercial real estate	136			415
Farmland	163			176
1-4 family residential	1,772			1,699
Multi-family residential	—			5
Consumer	165			192
Agricultural	313			15
Total	3,066			4,409

Summary of Troubled Debt Restructuring

Three Months Ended March 31, 2016	Number of Contracts		Pre-Modification Outstanding Recorded Investment			Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings:
Consumer	3		23			23
Total	3		23			23

The following tables present loans by class modified as TDRs that occurred during the three months ended March 31, 2017 and 2016:

Three Months Ended March 31, 2017	Number of Contracts		Pre-Modification Outstanding Recorded Investment			Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings:
Commercial and industrial	1		34			34
1-4 family residential	1		11			11
Total	2		45			45

The outstanding balances of TDRs are shown below:

	March 31, 2017			December 31, 2016
Nonaccrual TDRs	42			90
Performing TDRs	330			415
Total	372			505
Specific reserves on TDRs	4			4

Summary of Impaired Loans

The following table presents information about the Company’s impaired loans as of and for the three months ended:

March 31, 2017	Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
With no related allowance recorded:
Commercial and industrial	$	373			$	373			$	—			$	159			$	5
Real estate:
Construction and development	—				—				—				1,217				—
Commercial real estate	5,893				5,893				—				4,936				73
Farmland	7				7				—				65				—
1-4 family residential	1,315				1,315				—				1,675				18
Multi-family residential	247				247				—				102				4
Consumer	34				34				—				105				1
Agricultural	612				612				—				214				13
Subtotal	8,481				8,481				—				8,473				114
With allowance recorded:
Commercial and industrial	546				546				129				624				10
Real estate:
Commercial real estate	518				518				31				251				3
Farmland	163				163				41				163				—
1-4 family residential	454				454				40				609				5
Consumer	—				—				—				100
Subtotal	1,681				1,681				241				1,747				18
Total	$	10,162			$	10,162			$	241			$	10,220			$	132

The following table presents information about the Company’s impaired loans as of and for the year ended:

December 31, 2016	Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
With no related allowance recorded:
Commercial and industrial	$	28			$	28			$	—			$	809			$	3
Real estate:
Construction and development	1,825				1,825				—				172				84
Commercial real estate	1,196				1,196				—				871				47
Farmland	89				89				—				109				5
1-4 family residential	1,799				1,799				—				1,575				106
Multi-family residential	5				5				—				2				1
Consumer	105				105				—				89				12
Agricultural	15				15				—				68				2
Subtotal	5,062				5,062				—				3,695				260
With allowance recorded:
Commercial and industrial	203				203				64				3,153				4
Real estate:
Farmland	169				169				47				169				1
1-4 family residential	789				789				108				639				44
Consumer	95				95				34				155				8
Agricultural	—				—				—				2				—
Subtotal	1,256				1,256				253				4,118				57
Total	$	6,318			$	6,318			$	253			$	7,813			$	317

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- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

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