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Allowance for Loan Losses | 6 Months Ended
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Jun. 30, 2013
Allowance for Loan Losses [Abstract] |
Allowance for Loan Losses | (4) Allowance for Loan Losses The following tables detail activity in the allowance for loan losses, segregated by class of loan, for the six month period ended June 30, 2013 and June 30, 2012. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other loan categories and periodically may result in reallocation within the provision categories.
June 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Beginning |  |  |  |  |  |  |  |  |  |  |  | Ending |
|  | Balance |  |  | Charge-Offs |  |  | Recoveries |  |  | Provision |  |  | Balance |
Commercial and Agricultural |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 981 |  |  | $ | (45 | ) |  | $ | 38 |  |  | $ | 43 |  |  | $ | 1,017 |
Agricultural |  |  | 296 |  |  |  | (27 | ) |  |  | 4 |  |  |  | 26 |  |  |  | 299 |
Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial Construction |  |  | 1,890 |  |  |  | (791 | ) |  |  | 120 |  |  |  | 756 |  |  |  | 1,975 |
Residential Construction |  |  | 138 |  |  |  | -- |  |  |  | -- |  |  |  | -- |  |  |  | 138 |
Commercial |  |  | 5,163 |  |  |  | (1,425 | ) |  |  | 85 |  |  |  | 1,361 |  |  |  | 5,184 |
Residential |  |  | 3,406 |  |  |  | (279 | ) |  |  | 18 |  |  |  | 267 |  |  |  | 3,412 |
Farmland |  |  | 291 |  |  |  | (21 | ) |  |  | 16 |  |  |  | 20 |  |  |  | 306 |
Consumer and Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  |  | 228 |  |  |  | (233 | ) |  |  | 55 |  |  |  | 223 |  |  |  | 273 |
Other |  |  | 344 |  |  |  | (4 | ) |  |  | 9 |  |  |  | 4 |  |  |  | 353 |
|  | $ | 12,737 |  |  | $ | (2,825 | ) |  | $ | 345 |  |  | $ | 2,700 |  |  | $ | 12,957 |
June 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Beginning |  |  |  |  |  |  |  |  |  |  |  | Ending |
|  | Balance |  |  | Charge-Offs |  |  | Recoveries |  |  | Provision |  |  | Balance |
Commercial and Agricultural |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 1,071 |  |  | $ | (230 | ) |  | $ | 96 |  |  | $ | 105 |  |  | $ | 1,042 |
Agricultural |  |  | 297 |  |  |  | -- |  |  |  | -- |  |  |  | -- |  |  |  | 297 |
Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial Construction |  |  | 3,123 |  |  |  | (474 | ) |  |  | 35 |  |  |  | 578 |  |  |  | 3,262 |
Residential Construction |  |  | 138 |  |  |  | -- |  |  |  | -- |  |  |  | -- |  |  |  | 138 |
Commercial |  |  | 6,448 |  |  |  | (3,397 | ) |  |  | 18 |  |  |  | 2,876 |  |  |  | 5,945 |
Residential |  |  | 3,695 |  |  |  | (275 | ) |  |  | 5 |  |  |  | 285 |  |  |  | 3,710 |
Farmland |  |  | 365 |  |  |  | (39 | ) |  |  | 5 |  |  |  | -- |  |  |  | 331 |
Consumer and Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  |  | 205 |  |  |  | (41 | ) |  |  | 48 |  |  |  | 41 |  |  |  | 253 |
Other |  |  | 308 |  |  |  | -- |  |  |  | 7 |  |  |  | -- |  |  |  | 315 |
|  | $ | 15,650 |  |  | $ | (4,456 | ) |  | $ | 214 |  |  | $ | 3,885 |  |  | $ | 15,293 |
During 2012, the Company changed its loss history period used in calculating the ALLL from a one year average to a rolling eight quarter average. At June 30, 2012 the loss history period used was based on the annual loss rate from calendar year 2011, whereas the loss history period used at June 30, 2013 was based on the loss rate from the eight quarters ended March 31, 2013. The Company determines its individual reserves during its quarterly review of substandard loans. This process involves reviewing all loans with a risk grade of 6 or greater and an outstanding balance of $250,000 or more, regardless of the loans impairment classification. Effective March 31, 2013, management increased the dollar threshold of this review process from $50,000 to $250,000. The threshold change resulted in loans totaling $3.1 million at June 30, 2013 being removed from the individual impairment review process and being placed in the collective review process. These loans are now subject to general reserves. Since not all loans in the substandard category are considered impaired, this quarterly review process may result in the identification of specific reserves on nonimpaired loans. Management considers those loans graded substandard, but not classified as impaired, to be higher risk loans and, therefore, makes specific allocations to the allowance for those loans if warranted. The total of such loans is $8,154 and $14,994 as of June 30, 2013 and 2012, respectively. Specific allowance allocations were made for these loans totaling $615 and $1,570 as of June 30, 2013 and 2012, respectively. Since these loans are not considered impaired, both the loan balance and related specific allocation are included in the "Collectively Evaluated for Impairment" column of the following tables. At June 30, 2013, impaired loans totaling $2.17 million were below the $250,000 review threshold and were not individually reviewed for impairment. Those loans were subject to the bank's general loan loss reserve methodology and are included in the "Collectively Evaluated for Impairment" column of the following tables. Likewise, at June 30, 2012, impaired loans totaling $748 thousand were below the $50,000 review threshold and were subject to the bank's general loan loss reserve methodology and are included in the "Collectively Evaluated for Impairment" column of the following tables. The following tables present breakdowns of the allowance for loan losses, segregated by impairment methodology for June 30, 2013 and 2012:
June 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Ending Allowance Balance |  |  | Ending Loan Balance |
|  | Individually |  |  | Collectively |  |  |  |  |  | Individually |  |  | Collectively |  |  |  |
|  | Evaluated for |  |  | Evaluated for |  |  |  |  |  | Evaluated for |  |  | Evaluated for |  |  |  |
|  | Impairment |  |  | Impairment |  |  | Total |  |  | Impairment |  |  | Impairment |  |  | Total |
Commercial and Agricultural |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 551 |  |  | $ | 466 |  |  | $ | 1,017 |  |  | $ | 2,388 |  |  | $ | 48,770 |  |  | $ | 51,158 |
Agricultural |  |  | -- |  |  |  | 299 |  |  |  | 299 |  |  |  | -- |  |  |  | 14,177 |  |  |  | 14,177 |
Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial Construction |  |  | 1,580 |  |  |  | 395 |  |  |  | 1,975 |  |  |  | 10,007 |  |  |  | 42,692 |  |  |  | 52,699 |
Residential Construction |  |  | -- |  |  |  | 138 |  |  |  | 138 |  |  |  | -- |  |  |  | 8,189 |  |  |  | 8,189 |
Commercial |  |  | 1,080 |  |  |  | 4,104 |  |  |  | 5,184 |  |  |  | 23,144 |  |  |  | 302,173 |  |  |  | 325,317 |
Residential |  |  | 982 |  |  |  | 2,430 |  |  |  | 3,412 |  |  |  | 6,591 |  |  |  | 201,971 |  |  |  | 208,562 |
Farmland |  |  | -- |  |  |  | 306 |  |  |  | 306 |  |  |  | 2,277 |  |  |  | 47,521 |  |  |  | 49,798 |
Consumer and Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  |  | -- |  |  |  | 273 |  |  |  | 273 |  |  |  | -- |  |  |  | 27,439 |  |  |  | 27,439 |
Other |  |  | -- |  |  |  | 353 |  |  |  | 353 |  |  |  | -- |  |  |  | 6,804 |  |  |  | 6,804 |
Total End of Period Balance |  | $ | 4,193 |  |  | $ | 8,764 |  |  | $ | 12,957 |  |  | $ | 44,407 |  |  | $ | 699,736 |  |  | $ | 744,143 |
June 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Ending Allowance Balance |  |  | Ending Loan Balance |
|  | Individually |  |  | Collectively |  |  |  |  |  | Individually |  |  | Collectively |  |  |  |
|  | Evaluated for |  |  | Evaluated for |  |  |  |  |  | Evaluated for |  |  | Evaluated for |  |  |  |
|  | Impairment |  |  | Impairment |  |  | Total |  |  | Impairment |  |  | Impairment |  |  | Total |
Commercial and Agricultural |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 300 |  |  | $ | 742 |  |  | $ | 1,042 |  |  | $ | 1,721 |  |  | $ | 53,553 |  |  | $ | 55,274 |
Agricultural |  |  | -- |  |  |  | 297 |  |  |  | 297 |  |  |  | -- |  |  |  | 11,284 |  |  |  | 11,284 |
Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial Construction |  |  | 2,111 |  |  |  | 1,151 |  |  |  | 3,262 |  |  |  | 22,595 |  |  |  | 33,773 |  |  |  | 56,368 |
Residential Construction |  |  | -- |  |  |  | 138 |  |  |  | 138 |  |  |  | -- |  |  |  | 4,169 |  |  |  | 4,169 |
Commercial |  |  | 1,462 |  |  |  | 4,483 |  |  |  | 5,945 |  |  |  | 33,395 |  |  |  | 275,541 |  |  |  | 308,936 |
Residential |  |  | 868 |  |  |  | 2,842 |  |  |  | 3,710 |  |  |  | 5,951 |  |  |  | 187,239 |  |  |  | 193,190 |
Farmland |  |  | -- |  |  |  | 331 |  |  |  | 331 |  |  |  | 2,277 |  |  |  | 46,471 |  |  |  | 48,748 |
Consumer and Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  |  | -- |  |  |  | 253 |  |  |  | 253 |  |  |  | 20 |  |  |  | 29,632 |  |  |  | 29,652 |
Other |  |  | -- |  |  |  | 315 |  |  |  | 315 |  |  |  | -- |  |  |  | 8,740 |  |  |  | 8,740 |
Total End of Period Balance |  | $ | 4,741 |  |  | $ | 10,552 |  |  | $ | 15,293 |  |  | $ | 65,959 |  |  | $ | 650,402 |  |  | $ | 716,361 |

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