XML 32 R21.htm IDEA: XBRL DOCUMENT v3.19.2
Loans (Tables)
 6 Months Ended
Jun. 30, 2019
Receivables [Abstract]  
Loans

Loan balances as of  June 30, 2019 and December 31, 2018:

 

 

 

(In Thousands)

 

Loans:

 

June 30, 2019

 

 

December 31, 2018

 

Consumer Real Estate

 

$

159,540

 

 

$

80,766

 

Agricultural Real Estate

 

 

193,768

 

 

 

68,609

 

Agricultural

 

 

113,755

 

 

 

108,495

 

Commercial Real Estate

 

 

443,257

 

 

 

419,784

 

Commercial and Industrial

 

 

125,609

 

 

 

121,793

 

Consumer

 

 

48,952

 

 

 

41,953

 

Other

 

 

7,341

 

 

 

5,889

 

 

 

 

1,092,222

 

 

 

847,289

 

Less: Net deferred loan fees and costs

 

 

(1,091

)

 

 

(915

)

 

 

 

1,091,131

 

 

 

846,374

 

Less: Allowance for loan losses

 

 

(6,683

)

 

 

(6,775

)

Loans - Net

 

$

1,084,448

 

 

$

839,599

 
Distribution of Fixed Rate Loans and Variable Rate Loans by Major Loan Category

The distribution of fixed rate loans and variable rate loans by major loan category is as follows as of June 30, 2019:

 

 

 

(In Thousands)

 

 

 

Fixed

 

 

Variable

 

 

 

Rate

 

 

Rate

 

Consumer Real Estate

 

$

66,403

 

 

$

93,137

 

Agricultural Real Estate

 

 

89,487

 

 

 

104,281

 

Agricultural

 

 

60,789

 

 

 

52,966

 

Commercial Real Estate

 

 

270,572

 

 

 

172,685

 

Commercial and Industrial

 

 

63,473

 

 

 

62,136

 

Consumer

 

 

44,346

 

 

 

4,606

 

Other

 

 

7,242

 

 

 

99

 
Contractual Aging of the Recorded Investment in Past Due Loans by Portfolio Classification of Loans

The following table represents the contractual aging of the recorded investment (in thousands) in past due loans by portfolio classification of loans as of June 30, 2019 and December 31, 2018, net of deferred loan fees and costs:

 

June 30, 2019

 

30-59 Days Past Due

 

 

60-89 Days Past Due

 

 

Greater Than 90 Days

 

 

Total Past Due

 

 

Current

 

 

Total Financing Receivables

 

 

Recorded Investment > 90 Days and Accruing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

1,124

 

 

$

47

 

 

$

524

 

 

$

1,695

 

 

$

157,262

 

 

$

158,957

 

 

$

-

 

Agricultural Real Estate

 

 

771

 

 

 

-

 

 

 

198

 

 

 

969

 

 

 

192,647

 

 

 

193,616

 

 

 

-

 

Agricultural

 

 

1,473

 

 

 

-

 

 

 

74

 

 

 

1,547

 

 

 

112,359

 

 

 

113,906

 

 

 

-

 

Commercial Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

442,538

 

 

 

442,538

 

 

 

-

 

Commercial and Industrial

 

 

-

 

 

 

14

 

 

 

-

 

 

 

14

 

 

 

133,000

 

 

 

133,014

 

 

 

-

 

Consumer

 

 

124

 

 

 

9

 

 

 

13

 

 

 

146

 

 

 

48,954

 

 

 

49,100

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

3,492

 

 

$

70

 

 

$

809

 

 

$

4,371

 

 

$

1,086,760

 

 

$

1,091,131

 

 

$

-

 

 

December 31, 2018

 

30-59 Days Past Due

 

 

60-89 Days Past Due

 

 

Greater Than 90 Days

 

 

Total Past Due

 

 

Current

 

 

Total Financing Receivables

 

 

Recorded Investment >

90 Days and

Accruing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

342

 

 

$

24

 

 

$

254

 

 

$

620

 

 

$

79,612

 

 

$

80,232

 

 

$

-

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

68,588

 

 

 

68,588

 

 

 

-

 

Agricultural

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

108,616

 

 

 

108,616

 

 

 

-

 

Commercial Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

419,131

 

 

 

419,131

 

 

 

-

 

Commercial and Industrial

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

127,752

 

 

 

127,752

 

 

 

-

 

Consumer

 

 

85

 

 

 

24

 

 

 

8

 

 

 

117

 

 

 

41,938

 

 

 

42,055

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

427

 

 

$

48

 

 

$

262

 

 

$

737

 

 

$

845,637

 

 

$

846,374

 

 

$

-

 

 
Recorded Investment in Nonaccrual Loans by Portfolio Class of Loans

The following table presents the recorded investment in nonaccrual loans by class of loans as of June 30, 2019 and December 31, 2018:

 

 

 

(In Thousands)

 

 

 

June 30,

2019

 

 

December 31,

2018

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

953

 

 

$

462

 

Agricultural Real Estate

 

 

198

 

 

 

-

 

Agricultural

 

 

74

 

 

 

-

 

Commercial Real Estate

 

 

-

 

 

 

-

 

Commercial & Industrial

 

 

67

 

 

 

72

 

Consumer

 

 

36

 

 

 

8

 

Total

 

$

1,328

 

 

$

542

 
Risk Category of Loans by Portfolio Class

 

The following table represents the risk category of loans by portfolio class, net of deferred fees and costs, based on the most recent analysis performed as of June 30, 2019 and December 31, 2018:

 

 

 

(In Thousands)

 

 

 

Agricultural

 

 

 

 

 

 

Commercial

 

 

Commercial

 

 

 

 

 

 

 

Real Estate

 

 

Agricultural

 

 

Real Estate

 

 

and Industrial

 

 

Other

 

June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-2

 

$

33,993

 

 

$

7,892

 

 

$

7,724

 

 

$

4,394

 

 

$

-

 

3

 

 

53,521

 

 

 

40,275

 

 

 

83,706

 

 

 

19,312

 

 

 

2,463

 

4

 

 

84,260

 

 

 

60,437

 

 

 

341,424

 

 

 

95,720

 

 

 

4,878

 

5

 

 

17,548

 

 

 

5,055

 

 

 

8,046

 

 

 

4,753

 

 

 

-

 

6

 

 

4,294

 

 

 

247

 

 

 

1,638

 

 

 

615

 

 

 

-

 

7

 

 

-

 

 

 

-

 

 

 

-

 

 

 

879

 

 

 

-

 

8

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total

 

$

193,616

 

 

$

113,906

 

 

$

442,538

 

 

$

125,673

 

 

$

7,341

 

 

 

 

Agricultural

 

 

 

 

 

 

Commercial

 

 

Commercial

 

 

 

 

 

 

 

Real Estate

 

 

Agricultural

 

 

Real Estate

 

 

and Industrial

 

 

Other

 

December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-2

 

$

4,442

 

 

$

5,753

 

 

$

4,698

 

 

$

3,199

 

 

$

-

 

3

 

 

14,118

 

 

 

38,852

 

 

 

64,341

 

 

 

16,284

 

 

 

3,135

 

4

 

 

49,596

 

 

 

63,380

 

 

 

346,072

 

 

 

100,644

 

 

 

2,754

 

5

 

 

422

 

 

 

631

 

 

 

2,171

 

 

 

308

 

 

 

-

 

6

 

 

10

 

 

 

-

 

 

 

1,849

 

 

 

542

 

 

 

-

 

7

 

 

-

 

 

 

-

 

 

 

-

 

 

 

886

 

 

 

-

 

8

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total

 

$

68,588

 

 

$

108,616

 

 

$

419,131

 

 

$

121,863

 

 

$

5,889

 
Recorded Investment for Consumer Loans, Credit Quality based on Status of Loan and Payment Activity The following tables present the recorded investment in those classes based on payment activity and assigned risk grading as of June 30, 2019 and December 31, 2018.

 

 

 

(In Thousands)

 

 

 

Consumer

 

 

Consumer

 

 

 

Real Estate

 

 

Real Estate

 

 

 

June 30,

2019

 

 

December 31,

2018

 

Grade

 

 

 

 

 

 

 

 

Pass

 

$

156,743

 

 

$

79,121

 

Special Mention (5)

 

 

228

 

 

 

232

 

Substandard (6)

 

 

1,986

 

 

 

879

 

Doubtful (7)

 

 

-

 

 

 

-

 

Total

 

$

158,957

 

 

$

80,232

 

 

 

 

(In Thousands)

 

 

 

Consumer - Credit

 

 

Consumer - Other

 

 

 

June 30,

2019

 

 

December 31,

2018

 

 

June 30,

2019

 

 

December 31,

2018

 

Performing

 

$

3,858

 

 

$

3,909

 

 

$

45,144

 

 

$

38,073

 

Nonperforming

 

 

33

 

 

 

19

 

 

 

65

 

 

 

54

 

Total

 

$

3,891

 

 

$

3,928

 

 

$

45,209

 

 

$

38,127

 
Schedule of Impaired Loans

Information about impaired loans as of June 30, 2019, December 31, 2018 and June 30, 2018 are as follows:

 

 

 

 

 

 

 

(In Thousands)

 

 

 

 

 

 

 

June 30,

2019

 

 

December 31, 2018

 

 

June 30,

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired loans without a valuation allowance

 

$

1,071

 

 

$

1,808

 

 

$

804

 

Impaired loans with a valuation allowance

 

 

1,105

 

 

 

246

 

 

 

648

 

Total impaired loans

 

$

2,176

 

 

$

2,054

 

 

$

1,452

 

Valuation allowance related to impaired loans

 

$

235

 

 

$

31

 

 

$

132

 

Total non-accrual loans

 

$

1,328

 

 

$

542

 

 

$

903

 

Total loans past-due ninety days or more and

   still accruing

 

$

-

 

 

$

-

 

 

$

-

 

Quarter ended average investment in impaired

   loans

 

$

2,201

 

 

$

2,533

 

 

$

1,452

 

Year to date average investment in impaired

   loans

 

$

2,168

 

 

$

1,958

 

 

$

1,570

 
Impaired Loans Classified as Troubled Debt Restructured

The following table represents three and six months ended June 30, 2019:

 

 

 

 

 

Pre-

 

Post-

 

 

 

 

 

 

Pre-

 

Post-

 

Three Months

Number of

 

Modification

 

Modification

 

 

Six Months

Number of

 

Modification

 

Modification

 

June 30, 2019

Contracts

 

Outstanding

 

Outstanding

 

 

June 30, 2019

Contracts

 

Outstanding

 

Outstanding

 

(in thousands)

Modified in the

 

Recorded

 

Recorded

 

 

(in thousands)

Modified in the

 

Recorded

 

Recorded

 

Troubled Debt Restructurings

Last Three Months

 

Investment

 

Investment

 

 

Troubled Debt Restructurings

Last Six Months

 

Investment

 

Investment

 

Commercial and

Industrial

 

4

 

$

812

 

$

812

 

 

Commercial and

Industrial

 

4

 

$

812

 

$

812

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Loans Individually Evaluated for Impairment by Portfolio Class of Loans

The following tables present loans individually evaluated for impairment by class of loans for three months ended June 30, 2019 and June 30, 2018.

 

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

QTD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

QTD

 

 

QTD

 

 

Interest

 

Three Months Ended June 30, 2019

 

 

 

 

 

Unpaid

 

 

 

 

 

 

Average

 

 

Interest

 

 

Income

 

 

 

Recorded

 

 

Principal

 

 

Related

 

 

Recorded

 

 

Income

 

 

Recognized

 

 

 

Investment

 

 

Balance

 

 

Allowance

 

 

Investment

 

 

Recognized

 

 

Cash Basis

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

643

 

 

$

643

 

 

$

-

 

 

$

644

 

 

$

8

 

 

$

3

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Agricultural

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

191

 

 

 

191

 

 

 

-

 

 

 

191

 

 

 

3

 

 

 

-

 

Commercial and Industrial

 

 

237

 

 

 

237

 

 

 

-

 

 

 

787

 

 

 

3

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

With a specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

 

219

 

 

 

219

 

 

 

54

 

 

 

235

 

 

 

-

 

 

 

-

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Agricultural

 

 

74

 

 

 

74

 

 

 

26

 

 

 

74

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial and Industrial

 

 

812

 

 

 

812

 

 

 

155

 

 

 

270

 

 

 

12

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Totals:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

862

 

 

$

862

 

 

$

54

 

 

$

879

 

 

$

8

 

 

$

3

 

Agricultural Real Estate

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Agricultural

 

$

74

 

 

$

74

 

 

$

26

 

 

$

74

 

 

$

-

 

 

$

-

 

Commercial Real Estate

 

$

191

 

 

$

191

 

 

$

-

 

 

$

191

 

 

$

3

 

 

$

-

 

Commercial and Industrial

 

$

1,049

 

 

$

1,049

 

 

$

155

 

 

$

1,057

 

 

$

15

 

 

$

-

 

Consumer

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

QTD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

QTD

 

 

QTD

 

 

Interest

 

Three Months Ended June 30, 2018

 

 

 

 

 

Unpaid

 

 

 

 

 

 

Average

 

 

Interest

 

 

Income

 

 

 

Recorded

 

 

Principal

 

 

Related

 

 

Recorded

 

 

Income

 

 

Recognized

 

 

 

Investment

 

 

Balance

 

 

Allowance

 

 

Investment

 

 

Recognized

 

 

Cash Basis

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

606

 

 

$

606

 

 

$

-

 

 

$

526

 

 

$

6

 

 

$

4

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Agricultural

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

198

 

 

 

198

 

 

 

-

 

 

 

199

 

 

 

3

 

 

 

-

 

Commercial and Industrial

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

With a specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

 

254

 

 

 

254

 

 

 

46

 

 

 

152

 

 

 

-

 

 

 

-

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Agricultural

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

139

 

 

 

-

 

 

 

-

 

Commercial and Industrial

 

 

394

 

 

 

394

 

 

 

86

 

 

 

436

 

 

 

4

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Totals:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

860

 

 

$

860

 

 

$

46

 

 

$

678

 

 

$

6

 

 

$

4

 

Agricultural Real Estate

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Agricultural

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Commercial Real Estate

 

$

198

 

 

$

198

 

 

$

-

 

 

$

338

 

 

$

3

 

 

$

-

 

Commercial and Industrial

 

$

394

 

 

$

394

 

 

$

86

 

 

$

436

 

 

$

4

 

 

$

-

 

Consumer

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YTD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YTD

 

 

YTD

 

 

Interest

 

Six Months Ended June 30, 2019

 

 

 

 

 

Unpaid

 

 

 

 

 

 

Average

 

 

Interest

 

 

Income

 

 

 

Recorded

 

 

Principal

 

 

Related

 

 

Recorded

 

 

Income

 

 

Recognized

 

 

 

Investment

 

 

Balance

 

 

Allowance

 

 

Investment

 

 

Recognized

 

 

Cash Basis

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

643

 

 

$

643

 

 

$

-

 

 

$

624

 

 

$

15

 

 

$

4

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Agricultural

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

191

 

 

 

191

 

 

 

-

 

 

 

192

 

 

 

7

 

 

 

-

 

Commercial and Industrial

 

 

237

 

 

 

237

 

 

 

-

 

 

 

936

 

 

 

6

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

With a specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

 

219

 

 

 

219

 

 

 

54

 

 

 

244

 

 

 

-

 

 

 

-

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Agricultural

 

 

74

 

 

 

74

 

 

 

26

 

 

 

37

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial and Industrial

 

 

812

 

 

 

812

 

 

 

155

 

 

 

135

 

 

 

23

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Totals:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

862

 

 

$

862

 

 

$

54

 

 

$

868

 

 

$

15

 

 

$

4

 

Agricultural Real Estate

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Agricultural

 

$

74

 

 

$

74

 

 

$

26

 

 

$

37

 

 

$

-

 

 

$

-

 

Commercial Real Estate

 

$

191

 

 

$

191

 

 

$

-

 

 

$

192

 

 

$

7

 

 

$

-

 

Commercial and Industrial

 

$

1,049

 

 

$

1,049

 

 

$

155

 

 

$

1,071

 

 

$

29

 

 

$

-

 

Consumer

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

 

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YTD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YTD

 

 

YTD

 

 

Interest

 

Six Months Ended June 30, 2018

 

 

 

 

 

Unpaid

 

 

 

 

 

 

Average

 

 

Interest

 

 

Income

 

 

 

Recorded

 

 

Principal

 

 

Related

 

 

Recorded

 

 

Income

 

 

Recognized

 

 

 

Investment

 

 

Balance

 

 

Allowance

 

 

Investment

 

 

Recognized

 

 

Cash Basis

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

606

 

 

$

606

 

 

$

-

 

 

$

509

 

 

$

14

 

 

$

10

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

34

 

 

 

-

 

 

 

-

 

Agricultural

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

198

 

 

 

198

 

 

 

-

 

 

 

200

 

 

 

5

 

 

 

-

 

Commercial and Industrial

 

 

-

 

 

 

-

 

 

 

-

 

 

 

104

 

 

 

-

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

With a specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

 

254

 

 

 

254

 

 

 

46

 

 

 

116

 

 

 

-

 

 

 

-

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Agricultural

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

279

 

 

 

-

 

 

 

-

 

Commercial and Industrial

 

 

394

 

 

 

394

 

 

 

86

 

 

 

328

 

 

 

8

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Totals:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

860

 

 

$

860

 

 

$

46

 

 

$

625

 

 

$

14

 

 

$

10

 

Agricultural Real Estate

 

$

-

 

 

$

-

 

 

$

-

 

 

$

34

 

 

$

-

 

 

$

-

 

Agricultural

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Commercial Real Estate

 

$

198

 

 

$

198

 

 

$

-

 

 

$

479

 

 

$

5

 

 

$

-

 

Commercial and Industrial

 

$

394

 

 

$

394

 

 

$

86

 

 

$

432

 

 

$

8

 

 

$

-

 

Consumer

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

 
Summary of Activities in Allowance for Credit Losses The following tables summarize the activities in the allowance for credit losses.

 

 

 

(In Thousands)

 

 

 

Six Months Ended

 

 

Twelve Months Ended

 

 

 

June 30, 2019

 

 

December 31, 2018

 

Allowance for Loan & Lease Losses

 

 

 

 

 

 

 

 

Balance at beginning of year

 

$

6,775

 

 

$

6,868

 

Provision for loan loss

 

 

163

 

 

 

324

 

Loans charged off

 

 

(335

)

 

 

(580

)

Recoveries

 

 

80

 

 

 

163

 

Allowance for Loan & Lease Losses

 

$

6,683

 

 

$

6,775

 

Allowance for Unfunded Loan Commitments &

      Letters of Credit

 

$

370

 

 

$

274

 

Total Allowance for Credit Losses

 

$

7,053

 

 

$

7,049

 

 
Analysis of Allowance for Credit Losses

Additional analysis, presented in thousands, related to the allowance for credit losses for three months ended June 30, 2019 and June 30, 2018 in addition to the ending balances as of December 31, 2018 is as follows:

 

 

 

Consumer

Real Estate

 

 

Agricultural

Real Estate

 

 

Agricultural

 

 

Commercial

Real Estate

 

 

Commercial

and Industrial

 

 

Consumer

 

 

Unfunded

Loan

Commitment

& Letters of

Credit

 

 

Unallocated

 

 

Total

 

Three Months Ended June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALLOWANCE FOR CREDIT LOSSES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

268

 

 

$

270

 

 

$

706

 

 

$

3,203

 

 

$

1,490

 

 

$

496

 

 

$

346

 

 

$

203

 

 

$

6,982

 

Charge Offs

 

 

(14

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(114

)

 

 

-

 

 

 

-

 

 

 

(128

)

Recoveries

 

 

-

 

 

 

-

 

 

 

1

 

 

 

3

 

 

 

5

 

 

 

33

 

 

 

-

 

 

 

-

 

 

 

42

 

Provision (Credit)

 

 

21

 

 

 

70

 

 

 

49

 

 

 

114

 

 

 

(34

)

 

 

111

 

 

 

-

 

 

 

(198

)

 

 

133

 

Other Non-interest expense related to

   unfunded

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

24

 

 

 

-

 

 

 

24

 

Ending Balance

 

$

275

 

 

$

340

 

 

$

756

 

 

$

3,320

 

 

$

1,461

 

 

$

526

 

 

$

370

 

 

$

5

 

 

$

7,053

 

Ending balance: individually evaluated

   for impairment

 

$

54

 

 

$

-

 

 

$

26

 

 

$

-

 

 

$

155

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

235

 

Ending balance: collectively evaluated

   for impairment

 

$

221

 

 

$

340

 

 

$

730

 

 

$

3,320

 

 

$

1,306

 

 

$

526

 

 

$

370

 

 

$

5

 

 

$

6,818

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

FINANCING RECEIVABLES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

158,957

 

 

$

193,616

 

 

$

113,906

 

 

$

442,538

 

 

$

133,014

 

 

$

49,100

 

 

$

-

 

 

$

-

 

 

$

1,091,131

 

Ending balance: individually evaluated

   for impairment

 

$

862

 

 

$

-

 

 

$

74

 

 

$

191

 

 

$

1,049

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

2,176

 

Ending balance: collectively evaluated

   for impairment

 

$

157,909

 

 

$

193,616

 

 

$

113,832

 

 

$

442,347

 

 

$

131,848

 

 

$

49,068

 

 

$

-

 

 

$

-

 

 

$

1,088,620

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

186

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

117

 

 

$

32

 

 

$

-

 

 

$

-

 

 

$

335

 

 


December 31, 2018

 

Consumer

Real Estate

 

 

Agricultural Real Estate

 

 

Agricultural

 

 

Commercial Real Estate

 

 

Commercial

and Industrial

 

 

Consumer

 

 

Unfunded

Loan

Commitment

& Letters of

Credit

 

 

Unallocated

 

 

Total

 

ALLOWANCE FOR CREDIT LOSSES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending Balance

 

$

247

 

 

$

250

 

 

$

768

 

 

$

3,217

 

 

$

1,305

 

 

$

484

 

 

$

274

 

 

$

504

 

 

$

7,049

 

Ending balance: individually evaluated for

   impairment

 

$

26

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

5

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

31

 

Ending balance: collectively evaluated for

   impairment

 

$

221

 

 

$

250

 

 

$

768

 

 

$

3,217

 

 

$

1,300

 

 

$

484

 

 

$

274

 

 

$

504

 

 

$

7,018

 

Ending balance: loans acquired with deteriorated

   credit quality

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

FINANCING RECEIVABLES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

80,232

 

 

$

68,588

 

 

$

108,616

 

 

$

419,131

 

 

$

127,752

 

 

$

42,055

 

 

$

-

 

 

$

-

 

 

$

846,374

 

Ending balance: individually evaluated for

   impairment

 

$

757

 

 

$

-

 

 

$

-

 

 

$

194

 

 

$

1,103

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

2,054

 

Ending balance: collectively evaluated for

   impairment

 

$

79,359

 

 

$

68,588

 

 

$

108,616

 

 

$

418,937

 

 

$

126,649

 

 

$

42,055

 

 

$

-

 

 

$

-

 

 

$

844,204

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

116

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

116

 

 


 

 

Consumer

Real Estate

 

 

Agricultural

Real Estate

 

 

Agricultural

 

 

Commercial

Real Estate

 

 

Commercial

and Industrial

 

 

Consumer

 

 

Unfunded

Loan

Commitment

& Letters of

Credit

 

 

Unallocated

 

 

Total

 

Three Months Ended June 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALLOWANCE FOR CREDIT LOSSES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

254

 

 

$

263

 

 

$

706

 

 

$

3,674

 

 

$

1,443

 

 

$

431

 

 

$

265

 

 

$

29

 

 

$

7,065

 

Charge Offs

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(1

)

 

 

(100

)

 

 

(81

)

 

 

-

 

 

 

-

 

 

 

(182

)

Recoveries

 

 

-

 

 

 

-

 

 

 

3

 

 

 

2

 

 

 

3

 

 

 

31

 

 

 

-

 

 

 

-

 

 

 

39

 

Provision (Credit)

 

 

(3

)

 

 

(8

)

 

 

42

 

 

 

(415

)

 

 

74

 

 

 

78

 

 

 

-

 

 

 

364

 

 

 

132

 

Other Non-interest expense related to

   unfunded

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

50

 

 

 

-

 

 

 

50

 

Ending Balance

 

$

251

 

 

$

255

 

 

$

751

 

 

$

3,260

 

 

$

1,420

 

 

$

459

 

 

$

315

 

 

$

393

 

 

$

7,104

 

Ending balance: individually evaluated

   for impairment

 

$

46

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

86

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

132

 

Ending balance: collectively evaluated

   for impairment

 

$

205

 

 

$

255

 

 

$

751

 

 

$

3,260

 

 

$

1,334

 

 

$

459

 

 

$

315

 

 

$

393

 

 

$

6,972

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

FINANCING RECEIVABLES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

82,368

 

 

$

69,676

 

 

$

104,980

 

 

$

410,886

 

 

$

122,510

 

 

$

40,595

 

 

$

-

 

 

$

-

 

 

$

831,015

 

Ending balance: individually evaluated

   for impairment

 

$

860

 

 

$

-

 

 

$

-

 

 

$

198

 

 

$

394

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

1,452

 

Ending balance: collectively evaluated

   for impairment

 

$

81,389

 

 

$

69,676

 

 

$

104,980

 

 

$

410,688

 

 

$

122,116

 

 

$

40,595

 

 

$

-

 

 

$

-

 

 

$

829,444

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

119

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

119

 

 

 

 


 

 

Consumer

Real Estate

 

 

Agricultural

Real Estate

 

 

Agricultural

 

 

Commercial

Real Estate

 

 

Commercial

and Industrial

 

 

Consumer

 

 

Unfunded

Loan

Commitment

& Letters of

Credit

 

 

Unallocated

 

 

Total

 

Six Months Ended June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALLOWANCE FOR CREDIT LOSSES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

247

 

 

$

250

 

 

$

768

 

 

$

3,217

 

 

$

1,305

 

 

$

484

 

 

$

274

 

 

$

504

 

 

$

7,049

 

Charge Offs

 

 

(56

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(279

)

 

 

-

 

 

 

-

 

 

 

(335

)

Recoveries

 

 

-

 

 

 

-

 

 

 

2

 

 

 

5

 

 

 

8

 

 

 

65

 

 

 

-

 

 

 

-

 

 

 

80

 

Provision (Credit)

 

 

84

 

 

 

90

 

 

 

(14

)

 

 

98

 

 

 

148

 

 

 

256

 

 

 

-

 

 

 

(499

)

 

 

163

 

Other Non-interest expense related to

   unfunded

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

96

 

 

 

-

 

 

 

96

 

Ending Balance

 

$

275

 

 

$

340

 

 

$

756

 

 

$

3,320

 

 

$

1,461

 

 

$

526

 

 

$

370

 

 

$

5

 

 

$

7,053

 

Ending balance: individually evaluated

   for impairment

 

$

54

 

 

$

-

 

 

$

26

 

 

$

-

 

 

$

155

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

235

 

Ending balance: collectively evaluated

   for impairment

 

$

221

 

 

$

340

 

 

$

730

 

 

$

3,320

 

 

$

1,306

 

 

$

526

 

 

$

370

 

 

$

5

 

 

$

6,818

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

FINANCING RECEIVABLES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

158,957

 

 

$

193,616

 

 

$

113,906

 

 

$

442,538

 

 

$

133,014

 

 

$

49,100

 

 

$

-

 

 

$

-

 

 

$

1,091,131

 

Ending balance: individually evaluated

   for impairment

 

$

862

 

 

$

-

 

 

$

74

 

 

$

191

 

 

$

1,049

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

2,176

 

Ending balance: collectively evaluated

   for impairment

 

$

157,909

 

 

$

193,616

 

 

$

113,832

 

 

$

442,347

 

 

$

131,848

 

 

$

49,068

 

 

$

-

 

 

$

-

 

 

$

1,088,620

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

186

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

117

 

 

$

32

 

 

$

-

 

 

$

-

 

 

$

335

 

 

 

 


 

 

 

Consumer

Real Estate

 

 

Agricultural

Real Estate

 

 

Agricultural

 

 

Commercial

Real Estate

 

 

Commercial

and Industrial

 

 

Consumer

 

 

Unfunded

Loan

Commitment

& Letters of

Credit

 

 

Unallocated

 

 

Total

 

Six Months Ended June 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALLOWANCE FOR CREDIT LOSSES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

 

$

343

 

 

$

244

 

 

$

667

 

 

$

3,149

 

 

$

1,546

 

 

$

441

 

 

$

227

 

 

$

478

 

 

$

7,095

 

Charge Offs

 

 

 

(34

)

 

 

-

 

 

 

-

 

 

 

(16

)

 

 

(100

)

 

 

(177

)

 

 

-

 

 

 

-

 

 

 

(327

)

Recoveries

 

 

 

-

 

 

 

-

 

 

 

6

 

 

 

4

 

 

 

6

 

 

 

60

 

 

 

-

 

 

 

-

 

 

 

76

 

Provision (Credit)

 

 

 

(58

)

 

 

11

 

 

 

78

 

 

 

123

 

 

 

(32

)

 

 

135

 

 

 

-

 

 

 

(85

)

 

 

172

 

Other Non-interest expense related to

   unfunded

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

88

 

 

 

-

 

 

 

88

 

Ending Balance

 

 

$

251

 

 

$

255

 

 

$

751

 

 

$

3,260

 

 

$

1,420

 

 

$

459

 

 

$

315

 

 

$

393

 

 

$

7,104

 

Ending balance: individually evaluated

   for impairment

 

 

$

46

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

86

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

132

 

Ending balance: collectively evaluated

   for impairment

 

 

$

205

 

 

$

255

 

 

$

751

 

 

$

3,260

 

 

$

1,334

 

 

$

459

 

 

$

315

 

 

$

393

 

 

$

6,972

 

Ending balance: loans acquired with

   deteriorated credit quality

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

FINANCING RECEIVABLES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

 

$

82,368

 

 

$

69,676

 

 

$

104,980

 

 

$

410,886

 

 

$

122,510

 

 

$

40,595

 

 

$

-

 

 

$

-

 

 

$

831,015

 

Ending balance: individually evaluated

   for impairment

 

 

$

860

 

 

$

-

 

 

$

-

 

 

$

198

 

 

$

394

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

1,452

 

Ending balance: collectively evaluated

   for impairment

 

 

$

81,389

 

 

$

69,676

 

 

$

104,980

 

 

$

410,688

 

 

$

122,116

 

 

$

40,595

 

 

$

-

 

 

$

-

 

 

$

829,444

 

Ending balance: loans acquired with

   deteriorated credit quality

 

 

$

119

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

119