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Loans and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2014

Receivables [Abstract]

Schedule of loan portfolio

The Bank’s loan portfolio as of December 31 was as follows: 

(Dollars in thousands)
			2014				2013
Agricultural		$	41,098			$	37,048
Commercial and industrial			88,062				68,530
Consumer			20,752				19,931
Real estate - commercial			99,807				96,987
Real estate - construction			2,691				890
Real estate - residential			93,703				92,580
Loans, gross			346,113				315,966
Allowance for loan losses			(4,173	)			(4,735	)
Loans, net		$	341,940			$	311,231

Schedule of activity in the allowance for loan losses and balances in the loan portfolio

Activity in the allowance for loan losses and balances in the loan portfolio were as follows:

(Dollars in thousands)		Agricultural				Commercial and Industrial				Consumer				Commercial Real Estate				Construction Real Estate				Residential Real Estate				Unallocated				Total
2014
Allowance for Loan Losses
Beginning balance		$	178			$	562			$	192			$	1,842			$	12			$	1,626			$	323			$	4,735
Charge-offs			—				(1	)			(273	)			(665	)			—				(133	)			—				(1,072	)
Recoveries			20				119				179				48				—				44				—				410
Provision			(12	)			(153	)			86				416				(3	)			(344	)			110				100
Ending balance		$	186			$	527			$	184			$	1,641			$	9			$	1,193			$	433			$	4,173
Individually evaluated for impairment		$	—			$	—			$	4			$	745			$	—			$	365			$	—			$	1,114
Collectively evaluated for impairment		$	186			$	527			$	180			$	896			$	9			$	828			$	433			$	3,059
Loans
Individually evaluated for impairment		$	—			$	38			$	36			$	3,853			$	—			$	2,958							$	6,885
Collectively evaluated for impairment			41,098				88,024				20,716				95,954				2,691				90,745								339,228
Ending balance		$	41,098			$	88,062			$	20,752			$	99,807			$	2,691			$	93,703							$	346,113

(Dollars in thousands)		Agricultural				Commercial and Industrial				Consumer		Commercial Real Estate				Construction Real Estate				Residential Real Estate				Unallocated		Total
2013
Allowance for Loan Losses
Beginning balance		$	140			$	381		$	250		$	2,596			$	15			$	1,923		$	547		$	5,852
Charge-offs			(88	)			(122	)		(351	)		(858	)			—				(732	)		—			(2,151	)
Recoveries			6				337			175			84				—				132			—			734
Provision			120				(34	)		118			20				(3	)			303			(224	)		300
Ending balance		$	178			$	562		$	192		$	1,842			$	12			$	1,626		$	323		$	4,735
Individually evaluated for impairment		$	—			$	53		$	3		$	699			$	—			$	308		$	—		$	1,063
Collectively evaluated for impairment		$	178			$	509		$	189		$	1,143			$	12			$	1,318		$	323		$	3,672
Loans
Individually evaluated for impairment		$	452			$	776		$	37		$	4,195			$	—			$	2,827					$	8,287
Collectively evaluated for impairment			36,596				67,754			19,894			92,792				890				89,753						307,679
Ending balance		$	37,048			$	68,530		$	19,931		$	96,987			$	890			$	92,580					$	315,966

(Dollars in thousands)		Agricultural				Commercial and Industrial				Consumer		Commercial Real Estate				Construction Real Estate				Residential Real Estate				Unallocated		Total
2012
Allowance for Loan Losses
Beginning balance		$	55			$	609		$	197		$	2,299			$	34			$	1,847		$	172		$	5,213
Charge-offs			—				(405	)		(338	)		(869	)			—				(887	)		—			(2,499	)
Recoveries			5				61			214			224				—				119			—			623
Provision			80				116			177			942				(19	)			844			375			2,515
Ending balance		$	140			$	381		$	250		$	2,596			$	15			$	1,923		$	547		$	5,852
Individually evaluated for impairment		$	1			$	112		$	—		$	449			$	—			$	138		$	—		$	700
Collectively evaluated for impairment		$	139			$	269		$	250		$	2,147			$	15			$	1,785		$	547		$	5,152
Loans
Individually evaluated for impairment		$	166			$	198		$	32		$	3,723			$	—			$	1,820					$	5,939
Collectively evaluated for impairment			31,624				67,167			19,335			89,589				1,056				96,758						305,529
Ending balance		$	31,790			$	67,365		$	19,367		$	93,312			$	1,056			$	98,578					$	311,468

Schedule of the bank's credit exposure

Information regarding the Bank’s credit exposure as of December 31 was as follows:

Corporate Credit Exposure - Credit Risk Profile By Creditworthiness Category

(Dollars in thousands)		Agricultural								Commercial and Industrial								Commercial Real Estate
		2014				2013				2014				2013				2014				2013
Risk ratings 1 and 2		$	9,596			$	8,339			$	11,590			$	7,333			$	3,576			$	3,000
Risk rating 3			24,294				23,036				59,470				46,943				58,600				53,681
Risk rating 4			6,462				4,330				15,764				12,557				28,557				27,610
Risk rating 5			683				1,193				976				1,025				4,490				6,813
Risk rating 6			63				150				262				608				4,584				5,818
Risk rating 7			—				—				—				64				—				65
		$	41,098			$	37,048			$	88,062			$	68,530			$	99,807			$	96,987

Consumer Credit Exposure - Credit Risk Profile Based On Payment Activity

(Dollars in thousands)		Consumer								Construction Real Estate								Residential Real Estate
		2014				2013				2014				2013				2014				2013
Performing		$	20,752			$	19,931			$	2,691			$	890			$	92,974			$	91,877
Nonperforming			—				—				—				—				58				12
Nonaccrual			—				—				—				—				671				691
		$	20,752			$	19,931			$	2,691			$	890			$	93,703			$	92,580

Schedule of troubled debt restructurings

The following schedule provides information on loans that were considered troubled debt restructurings (“TDRs”) that were modified during the twelve months ended December 31, 2014 and December 31, 2013:

		December 31, 2014												December 31, 2013
(Dollars in thousands)		Number of Loans				Pre- Modification Outstanding Recorded Investment				Post- Modification Outstanding Recorded Investment				Number of Loans				Pre- Modification Outstanding Recorded Investment				Post- Modification Outstanding Recorded Investment
Agricultural			—			$	—			$	—				—			$	—			$	—
Commercial and industrial			1				32				32				1				216				216
Consumer			—				—				—				—				—				—
Commercial real estate			5				1,596				1,596				4				948				948
Residential real estate			2				281				281				2				112				112
			8			$	1,909			$	1,909				7			$	1,276			$	1,276

The following schedule provides information on TDRs as of December 31, 2014 and December 31, 2013 where the borrower was past due with respect to principal and/or interest for 30 days or more during the twelve months ended December 31, 2014 and December 31, 2013 that had been modified during the 12-month period prior to the default:

		With Payment Default During the following Periods
		December 31, 2014								December 31, 2013
(Dollars in thousands)		Number				Recorded				Number				Recorded
		of Loans				Investment				of Loans				Investment
Agricultural			—			$	—				—			$	—
Commercial and industrial			—				—				—				—
Consumer			—				—				1				29
Commercial real estate			6				1,592				3				573
Residential real estate			2				110				1				71
			8			$	1,702				5			$	673

Schedule of impaired loans

Impaired loans by loan category as of December 31 follow:

						Unpaid								Average				Interest
(Dollars in thousands)		Recorded				Principal				Related				Recorded				Income
		Investment				Balance				Allowance				Investment				Recognized
2014
With no related allowance recorded
Agricultural		$	—			$	—			$	—			$	90			$	—
Commercial and industrial			38				43				—				81				—
Consumer			8				8				—				3				—
Commercial real estate			413				419				—				352				6
Residential real estate			502				502				—				492				9
Subtotal			961				972				—				1,018				15
With an allowance recorded
Agricultural			—				—				—				130				—
Commercial and industrial			—				—				—				292				4
Consumer			28				28				4				31				3
Commercial real estate			3,440				4,498				745				3,932				81
Residential real estate			2,456				2,474				365				2,323				91
Subtotal			5,924				7,000				1,114				6,708				179
Total
Agricultural			—				—				—				220				—
Commercial and industrial			38				43				—				373				4
Consumer			36				36				4				34				3
Commercial real estate			3,853				4,917				745				4,284				87
Residential real estate			2,958				2,976				365				2,815				100
Total		$	6,885			$	7,972			$	1,114			$	7,726			$	194
2013
With no related allowance recorded
Agricultural		$	452			$	455			$	—			$	204			$	7
Commercial and industrial			229				300				—				85				—
Consumer			2				3				—				3				—
Commercial real estate			782				843				—				693				25
Residential real estate			891				1,128				—				456				7
Subtotal			2,356				2,729				—				1,441				39
With an allowance recorded
Agricultural			—				—				—				112				1
Commercial and industrial			547				554				53				377				11
Consumer			35				35				3				43				3
Commercial real estate			3,413				3,997				699				4,126				217
Residential real estate			1,936				1,936				308				2,207				81
Subtotal			5,931				6,522				1,063				6,865				313
Total
Agricultural			452				455				—				316				8
Commercial and industrial			776				854				53				462				11
Consumer			37				38				3				46				3
Commercial real estate			4,195				4,840				699				4,819				242
Residential real estate			2,827				3,064				308				2,663				88
Total		$	8,287			$	9,251			$	1,063			$	8,306			$	352

Schedule of aging analysis of loans by loan category

An aging analysis of loans by loan category as of December 31 follows:

(Dollars in thousands)		Loans Past Due 30 to 59 Days (1)				Loans Past Due 60 to 89 Days (1)				Loans Past Due Greater Than 90 Days (1)				Total (1)				Loans Not Past Due				Total Loans				Loans 90 Days Past Due and Accruing
2014
Agricultural		$	—			$	—			$	—			$	—			$	41,098			$	41,098			$	—
Commercial and industrial			33				260				—				293				87,769				88,062				—
Consumer			66				10				—				76				20,676				20,752				—
Commercial real estate			172				51				699				922				98,885				99,807				—
Construction real estate			—				—				—				—				2,691				2,691				—
Residential real estate			1,376				404				363				2,143				91,560				93,703				58
Total		$	1,647			$	725			$	1,062			$	3,434			$	342,679			$	346,113			$	58
2013
Agricultural		$	9			$	1			$	428			$	438			$	36,610			$	37,048			$	—
Commercial and industrial			93				352				73				518				68,012				68,530				—
Consumer			60				7				—				67				19,864				19,931				—
Commercial real estate			901				884				242				2,027				94,960				96,987				—
Construction real estate			—				—				—				—				890				890				—
Residential real estate			673				186				167				1,026				91,554				92,580				11
Total		$	1,736			$	1,430			$	910			$	4,076			$	311,890			$	315,966			$	11

(1) Includes nonaccrual loans

Schedule of nonaccrual loans by loan category

Nonaccrual loans by loan category as of December 31 follow:

(Dollars in thousands)
			2014				2013
Agricultural		$	—			$	452
Commercial and industrial			38				372
Consumer			—				2
Commercial real estate			2,652				1,606
Construction real estate			—				—
Residential real estate			671				691
Total		$	3,361			$	3,123

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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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