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Allowance for Loan Losses | 3 Months Ended
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Mar. 31, 2015
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 three month period ended March 31, 2015 and March 31, 2014. 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.
March 31, 2015 |  | Beginning Balance |  |  | Charge-Offs |  |  | Recoveries |  |  | Provision |  |  | Ending Balance |
Commercial and Agricultural |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 497 |  |  | $ | (184 | ) |  | $ | 13 |  |  | $ | 8 |  |  | $ | 334 |
Agricultural |  |  | 304 |  |  |  | - |  |  |  | 1 |  |  |  | 2 |  |  |  | 307 |
Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial Construction |  |  | 1,223 |  |  |  | (6 | ) |  |  | 14 |  |  |  | 138 |  |  |  | 1,369 |
Residential Construction |  |  | 138 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 138 |
Commercial |  |  | 3,665 |  |  |  | (125 | ) |  |  | 88 |  |  |  | 144 |  |  |  | 3,772 |
Residential |  |  | 2,425 |  |  |  | (589 | ) |  |  | 22 |  |  |  | 42 |  |  |  | 1,900 |
Farmland |  |  | 104 |  |  |  | - |  |  |  | - |  |  |  | 2 |  |  |  | 106 |
Consumer and Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  |  | 67 |  |  |  | (36 | ) |  |  | 13 |  |  |  | 26 |  |  |  | 70 |
Other |  |  | 379 |  |  |  | - |  |  |  | 2 |  |  |  | - |  |  |  | 381 |
|  | $ | 8,802 |  |  | $ | (940 | ) |  | $ | 153 |  |  | $ | 362 |  |  | $ | 8,377 |
March 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Beginning Balance |  |  | Charge-Offs |  |  | Recoveries |  |  | Provision |  |  | Ending Balance |
Commercial and Agricultural |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 1,017 |  |  | $ | (27 | ) |  | $ | 14 |  |  | $ | 7 |  |  | $ | 1,011 |
Agricultural |  |  | 294 |  |  |  | - |  |  |  | 1 |  |  |  | 2 |  |  |  | 297 |
Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial Construction |  |  | 1,782 |  |  |  | - |  |  |  | 182 |  |  |  | 125 |  |  |  | 2,089 |
Residential Construction |  |  | 138 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 138 |
Commercial |  |  | 4,379 |  |  |  | (236 | ) |  |  | 6 |  |  |  | 131 |  |  |  | 4,280 |
Residential |  |  | 3,278 |  |  |  | (293 | ) |  |  | 6 |  |  |  | 38 |  |  |  | 3,029 |
Farmland |  |  | 312 |  |  |  | - |  |  |  | - |  |  |  | 1 |  |  |  | 313 |
Consumer and Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  |  | 243 |  |  |  | (102 | ) |  |  | 25 |  |  |  | 23 |  |  |  | 189 |
Other |  |  | 363 |  |  |  | - |  |  |  | 1 |  |  |  | - |  |  |  | 364 |
|  | $ | 11,806 |  |  | $ | (658 | ) |  | $ | 235 |  |  | $ | 327 |  |  | $ | 11,710 |
The loss history period used at March 31, 2015 was based on the loss rate from the eight quarters ended December 31, 2014. 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. 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 $7.2 million and $7.4 million as of March 31, 2015 and 2014, respectively. Specific allowance allocations were made for these loans totaling $596 thousand and $620 thousand as of March 31, 2015 and 2014, 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 March 31, 2015, there were impaired loans totaling $4.4 million below the $250,000 review threshold which 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 March 31, 2014, impaired loans totaling $3.99 million were below the $250,000 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 March 31, 2015 and 2014:
March 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Ending Allowance Balance |  |  | Ending Loan Balance |
|  | Individually Evaluated for Impairment |  |  | Collectively Evaluated for Impairment |  |  | Total |  |  | Individually Evaluated for Impairment |  |  | Collectively Evaluated for Impairment |  |  | Total |
Commercial and Agricultural |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 94 |  |  | $ | 240 |  |  | $ | 334 |  |  | $ | 94 |  |  | $ | 51,680 |  |  | $ | 51,774 |
Agricultural |  |  | - |  |  |  | 307 |  |  |  | 307 |  |  |  | 8 |  |  |  | 19,180 |  |  |  | 19,188 |
Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial Construction |  |  | 49 |  |  |  | 1,320 |  |  |  | 1,369 |  |  |  | 3,428 |  |  |  | 45,183 |  |  |  | 48,611 |
Residential Construction |  |  | - |  |  |  | 138 |  |  |  | 138 |  |  |  | - |  |  |  | 10,030 |  |  |  | 10,030 |
Commercial |  |  | 209 |  |  |  | 3,563 |  |  |  | 3,772 |  |  |  | 21,953 |  |  |  | 319,892 |  |  |  | 341,845 |
Residential |  |  | 330 |  |  |  | 1,570 |  |  |  | 1,900 |  |  |  | 3,680 |  |  |  | 199,198 |  |  |  | 202,878 |
Farmland |  |  | 53 |  |  |  | 53 |  |  |  | 106 |  |  |  | 1,699 |  |  |  | 49,873 |  |  |  | 51,572 |
Consumer and Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  |  | - |  |  |  | 70 |  |  |  | 70 |  |  |  | - |  |  |  | 21,705 |  |  |  | 21,705 |
Other |  |  | - |  |  |  | 381 |  |  |  | 381 |  |  |  | - |  |  |  | 6,031 |  |  |  | 6,031 |
Total End of Period Balance |  | $ | 735 |  |  | $ | 7,642 |  |  | $ | 8,377 |  |  | $ | 30,862 |  |  | $ | 722,772 |  |  | $ | 753,634 |
March 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Ending Allowance Balance |  |  | Ending Loan Balance |
|  | Individually Evaluated for Impairment |  |  | Collectively Evaluated for Impairment |  |  | Total |  |  | Individually Evaluated for Impairment |  |  | Collectively Evaluated for Impairment |  |  | Total |
Commercial and Agricultural |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 423 |  |  | $ | 588 |  |  | $ | 1,011 |  |  | $ | 1,469 |  |  | $ | 42,510 |  |  | $ | 43,979 |
Agricultural |  |  | - |  |  |  | 297 |  |  |  | 297 |  |  |  | - |  |  |  | 12,654 |  |  |  | 12,654 |
Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial Construction |  |  | 1,548 |  |  |  | 541 |  |  |  | 2,089 |  |  |  | 7,683 |  |  |  | 46,925 |  |  |  | 54,608 |
Residential Construction |  |  | - |  |  |  | 138 |  |  |  | 138 |  |  |  | - |  |  |  | 9,779 |  |  |  | 9,779 |
Commercial |  |  | 407 |  |  |  | 3,873 |  |  |  | 4,280 |  |  |  | 26,192 |  |  |  | 311,643 |  |  |  | 337,835 |
Residential |  |  | 289 |  |  |  | 2,740 |  |  |  | 3,029 |  |  |  | 4,412 |  |  |  | 197,747 |  |  |  | 202,159 |
Farmland |  |  | 233 |  |  |  | 80 |  |  |  | 313 |  |  |  | 1,614 |  |  |  | 46,272 |  |  |  | 47,886 |
Consumer and Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  |  | - |  |  |  | 189 |  |  |  | 189 |  |  |  | - |  |  |  | 23,693 |  |  |  | 23,693 |
Other |  |  | - |  |  |  | 364 |  |  |  | 364 |  |  |  | 9 |  |  |  | 5,592 |  |  |  | 5,601 |
Total End of Period Balance |  | $ | 2,900 |  |  | $ | 8,810 |  |  | $ | 11,710 |  |  | $ | 41,379 |  |  | $ | 696,815 |  |  | $ | 738,194 |

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