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Credit Quality and Nonperforming Assets (Tables)

6 Months Ended

Jun. 30, 2016

Credit Quality and Nonperforming Assets [Abstract]

Credit Quality Classifications for Loan Balances

Credit quality classifications for the Company’s loan balances were as follows, as of the dates indicated:

Credit Quality Classifications

(dollars in thousands, unaudited)

		June 30, 2016
		Pass			Special Mention			Substandard			Impaired			Total
Real Estate:
1-4 family residential construction		$	16,939		$	-		$	-		$	-		$	16,939
Other construction/land			32,065			5,356			-			969			38,390
1-4 family - closed end			127,637			774			935			6,112			135,458
Equity lines			34,599			1,700			748			3,777			40,824
Multi-family residential			31,017			-			-			417			31,434
Commercial real estate - owner occupied			201,868			3,984			3,045			3,302			212,199
Commercial real estate - non-owner occupied			164,128			5,378			167			5,103			174,776
Farmland			129,053			560			2,484			43			132,140
Total real estate			737,306			17,752			7,379			19,723			782,160
Agricultural			49,775			159			24			65			50,023
Commercial and industrial			86,649			22,143			661			2,293			111,746
Mortgage Warehouse			197,715			-			-			-			197,715
Consumer loans			11,485			148			23			1,962			13,618
Total gross loans and leases		$	1,082,930		$	40,202		$	8,087		$	24,043		$	1,155,262

		December 31, 2015
		Pass			Special Mention			Substandard			Impaired			Total
Real Estate:
1-4 family residential construction		$	13,784		$	1,157		$	-		$	-		$	14,941
Other construction/land			35,901			135			-			1,323			37,359
1-4 family - closed end			127,972			2,498			387			6,499			137,356
Equity lines			39,966			199			957			3,111			44,233
Multi-family residential			26,178			-			-			1,044			27,222
Commercial real estate - owner occupied			196,211			12,075			7,322			3,100			218,708
Commercial real estate - non-owner occupied			155,223			4,505			170			5,209			165,107
Farmland			130,285			1,563			724			610			133,182
Total real estate			725,520			22,132			9,560			20,896			778,108
Agricultural			46,197			40			-			-			46,237
Commercial and industrial			108,931			933			755			2,588			113,207
Mortgage Warehouse			180,355			-			-			-			180,355
Consumer loans			12,718			178			16			2,037			14,949
Total gross loans and leases		$	1,073,721		$	23,283		$	10,331		$	25,521		$	1,132,856

Aging of Loan Balances by Number of Days Past Due

Loan Portfolio Aging

(dollars in thousands, unaudited)

		June 30, 2016
		30-59 Days Past Due			60-89 Days Past Due			90 Days Or More Past Due(1)			Total Past Due			Current			Total Financing Receivables			Non-Accrual Loans(2)
Real Estate:
1-4 family residential construction		$	-		$	-		$	-		$	-		$	16,939		$	16,939		$	-
Other construction/land			-			-			-			-			38,390			38,390			257
1-4 family - closed end			75			-			-			75			135,383			135,458			446
Equity lines			298			78			197			573			40,251			40,824			1,630
Multi-family residential			-			-			-			-			31,434			31,434			-
Commercial real estate - owner occupied			198			-			358			556			211,643			212,199			2,276
Commercial real estate - non-owner occupied			-			-			-			-			174,776			174,776			235
Farmland			-			43			-			43			132,097			132,140			43
Total real estate			571			121			555			1,247			780,913			782,160			4,887
Agricultural			-			-			64			64			49,959			50,023			65
Commercial and industrial			32			1			112			145			111,601			111,746			529
Mortgage warehouse lines			-			-			-			-			197,715			197,715			-
Consumer			99			13			-			112			13,506			13,618			463
Total gross loans and leases		$	702		$	135		$	731		$	1,568		$	1,153,694		$	1,155,262		$	5,944

⁽¹⁾ As of June 30, 2016 there were no loans over 90 days past due and still acrruing.

⁽²⁾ Included in total financing receivables

		December 31, 2015
		30-59 Days Past Due			60-89 Days Past Due			90 Days Or More Past Due(1)			Total Past Due			Current			Total Financing Receivables			Non-Accrual Loans(2)
Real Estate:
1-4 family residential construction		$	612		$	545		$	-		$	1,157		$	13,784		$	14,941		$	-
Other construction/land			18			129			63			210			37,149			37,359			457
1-4 family - closed end			1,065			917			566			2,548			134,808			137,356			2,298
Equity lines			199			247			484			930			43,303			44,233			1,770
Multi-family residential			-			630			-			630			26,592			27,222			630
Commercial real estate - owner occupied			232			129			260			621			218,087			218,708			2,325
Commercial real estate - non-owner occupied			-			-			-			-			165,107			165,107			262
Farmland			-			-			-			-			133,182			133,182			610
Total real estate			2,126			2,597			1,373			6,096			772,012			778,108			8,352
Agricultural			-			-			-			-			46,237			46,237			-
Commercial and industrial			127			153			86			366			112,841			113,207			710
Mortgage warehouse lines			-			-			-			-			180,355			180,355			-
Consumer			98			9			45			152			14,797			14,949			572
Total gross loans and leases		$	2,351		$	2,759		$	1,504		$	6,614		$	1,126,242		$	1,132,856		$	9,634

⁽¹⁾ As of December 31, 2015 there were no loans over 90 days past due and still accruing.

⁽²⁾ Included in total financing receivables

Troubled Debt Restructurings, by Type of Loan Modification

Troubled Debt Restructurings, by Type of Loan Modification

(dollars in thousands, unaudited)

		Three months ended June 30, 2016
		Rate Modification			Term Modification			Interest Only Modification			Rate & Term Modification			Total
Real estate:
Other construction/land		$	-		$	-		$	-		$	-		$	-
1-4 family - closed-end			-			-			547			259			806
Equity lines			-			1,051			-			-			1,051
Multi-family residential			-			-			-			132			132
Commercial real estate - owner occupied			-			-			-			-			-
Total real estate loans			-			1,051			547			391			1,989
Commercial and industrial			-			-			-			-			-
Consumer loans			-			-			-			10			10
		$	-		$	1,051		$	547		$	401		$	1,999

		Three months ended June 30, 2015
		Rate Modification			Term Modification			Interest Only Modification			Rate & Term Modification			Total
Real Estate:
Other construction/land		$	-		$	-		$	-		$	-		$	-
1-4 family - closed-end			-			-			-			226			226
Equity lines			-			146			-			290			436
Multi-family residential			-			418			-			-			418
Commercial real estate - owner occupied			-			-			-			-			-
Total real estate loans			-			564			-			516			1,080
Commercial and industrial			-			25			-			-			25
Consumer loans			-			-			-			-			-
		$	-		$	589		$	-		$	516		$	1,105

Troubled Debt Restructurings, by Type of Loan Modification

(dollars in thousands, unaudited)

		Six months ended June 30, 2016
		Rate Modification			Term Modification			Interest Only Modification			Rate & Term Modification			Total
Real estate:
Other construction/land		$	-		$	17		$	-		$	-		$	17
1-4 family - closed-end			-			-			547			259			806
Equity lines			-			1,280			-			-			1,280
Multi-family residential			-			-						132			132
Commercial real estate - owner occupied			-			-			-			266			266
Total real estate loans			-			1,297			547			657			2,501
Commercial and industrial			-			-			-			-			-
Consumer loans			-			20			-			60			80
		$	-		$	1,317		$	547		$	717		$	2,581

		Six months ended June 30, 2015
		Rate Modification			Term Modification			Interest Only Modification			Rate & Term Modification			Total
Real Estate:
Other construction/land		$	-		$	111		$	-		$	-		$	111
1-4 family - closed-end			-			-			-			226			226
Equity lines			-			351			-			290			641
Multi-family residential			-			418			-			-			418
Commercial real estate - owner occupied			-			-			-			-			-
Total real estate loans			-			880			-			516			1,396
Commercial and industrial			-			68			-			-			68
Consumer loans			-			-			-			-			-
		$	-		$	948		$	-		$	516		$	1,464

The following tables present, by class, additional details related to loans classified as TDRs during the referenced periods, including the recorded investment in the loan both before and after modification and balances that were modified during the period:

Troubled Debt Restructurings

(dollars in thousands, unaudited)

		Three months ended June 30, 2016
					Pre- Modification			Post- Modification
		Number of Loans			Outstanding Recorded Investment			Outstanding Recorded Investment			Reserve Difference(1)			Reserve
Real Estate:
Other Construction/Land			0		$	-		$	-		$	-		$	-
1-4 family - closed-end			5			806			806			75			139
Equity Lines			8			1,051			1,051			1			22
Multi-family residential			1			132			132			-			7
Commercial RE- owner occupied			0			-			-			-			-
Total Real Estate Loans						1,989			1,989			76			168
Commercial and Industrial			0			-			-			-			-
Consumer loans			1			10			10			-			1
					$	1,999		$	1,999		$	76		$	169

⁽¹⁾ This represents the change in the ALLL reserve for these credits measured as the difference between the specific post-modification impairment reserve and the pre-modification reserve calculated under our general allowance for loan loss methodology.

		Three months ended June 30, 2015
					Pre- Modification			Post- Modification
		Number of Loans			Outstanding Recorded Investment			Outstanding Recorded Investment			Reserve Difference(1)			Reserve
Real Estate:
Other Construction/Land			0		$	-		$	-		$	-		$	-
1-4 family - closed-end			2			226			226			6			7
Equity Lines			5			436			436			142			157
Multi-family residential			1			418			418			-			1
Commercial RE- owner occupied			0			-			-			-			-
Total Real Estate Loans						1,080			1,080			148			165
Commercial and Industrial			1			25			25			-			11
Consumer loans			0			-			-			-			-
					$	1,105		$	1,105		$	148		$	176

⁽¹⁾ This represents the change in the ALLL reserve for these credits measured as the difference between the specific post-modification impairment reserve and the pre-modification reserve calculated under our general allowance for loan loss methodology.

		Six months ended June 30, 2016
					Pre- Modification			Post- Modification
		Number of Loans			Outstanding Recorded Investment			Outstanding Recorded Investment			Reserve Difference(1)			Reserve
Real Estate:
Other Construction/Land			1		$	17		$	17		$	-		$	2
1-4 family - closed-end			5			806			806			75			139
Equity Lines			10			1,280			1,280			-			30
Multi-family residential			1			132			132			-			7
Commercial RE- owner occupied			1			266			266			-			4
Total Real Estate Loans						2,501			2,501			75			182
Commercial and Industrial			0			-			-			-			-
Consumer loans			3			80			80			-			6
					$	2,581		$	2,581		$	75		$	188

⁽¹⁾ This represents the change in the ALLL reserve for these credits measured as the difference between the specific post-modification impairment reserve and the pre-modification reserve calculated under our general allowance for loan loss methodology.

		Six months ended June 30, 2015
					Pre- Modification			Post- Modification
		Number of Loans			Outstanding Recorded Investment			Outstanding Recorded Investment			Reserve Difference(1)			Reserve
Real Estate:
Other Construction/Land			2		$	111		$	111		$	4		$	2
1-4 family - closed-end			2			226			226			6			7
Equity Lines			7			641			641			142			218
Multi-family residential			1			418			418			-			1
Commercial RE- owner occupied			0			-			-			-			-
Total Real Estate Loans						1,396			1,396			152			228
Commercial and Industrial			3			68			68			(19)			23
Consumer loans			0			-			-			-			-
					$	1,464		$	1,464		$	133		$	251

⁽¹⁾ This represents the change in the ALLL reserve for these credits measured as the difference between the specific post-modification impairment reserve and the pre-modification reserve calculated under our general allowance for loan loss methodology.

Schedule of Debtor Troubled Debt Restructuring, Subsequent Periods

The carrying amount and unpaid principal balance of those PCI loans was as follows, as of the dates indicated (dollars in thousands):

Purchased Credit Impaired Loans:

(dollars in thousands, unaudited)

		June 30, 2016
		Unpaid Principal Balance			Carrying Value
Real estate secured		$	1,124		$	171
Commercial and industrial			19			-
Consumer			-			-
Total purchased credit impaired loans		$	1,143		$	171

		December 31, 2015
		Unpaid Principal Balance			Carrying Value
Real estate secured		$	1,158		$	188
Commercial and industrial			38			-
Consumer			1			-
Total purchased credit impaired loans		$	1,197		$	188

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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 55
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-URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525

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Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status.

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-SubTopic 10
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Tabular disclosure of troubled debt restructurings in the periods following the restructuring, including: (1) a description of the portion of the recorded [restructured] debt which is contingently payable based on the occurrence of future events or circumstances; (2) the dollar amount of the portion of the recorded [restructured] debt which is contingently payable based on the occurrence of future events or circumstances; and (3) a description of the circumstance, events, or conditions that would cause payments to occur or the creditor to forgive the contingent portion of recorded debt.

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Tabular disclosure of financing receivables and troubled debt restructurings.

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