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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

12 Months Ended

Dec. 31, 2016

Loans and Leases Receivable Disclosure [Abstract]

Composition of Loan Portfolio by Type

The composition of the loan portfolio, net of deferred loan fees is summarized as follows (in thousands):

	December 31, 2016				December 31, 2015
Commercial and agricultural:
Commercial and industrial	$	176,201			$	192,197
Agricultural	360				1,036
Commercial mortgages:
Construction	46,387				41,131
Commercial mortgages	522,269				465,347
Residential mortgages	198,493				195,778
Consumer loans:
Credit cards	1,476				1,483
Home equity lines and loans	98,590				101,726
Indirect consumer loans	139,572				151,327
Direct consumer loans	16,942				18,608
Total loans, net of deferred loan fees	1,200,290				1,168,633
Interest receivable on loans	3,192				2,870
Total recorded investment in loans	$	1,203,482			$	1,171,503

Allowance for Loan Losses by Portfolio Segment

The following tables present the activity in the allowance for loan losses by portfolio segment for the years ended December 31, 2016, 2015 and 2014, respectively (in thousands):

	December 31, 2016
Allowance for loan losses	Commercial, and Agricultural				Commercial Mortgages				Residential Mortgages				Consumer Loans				Total
Beginning balance:	$	1,831			$	7,112			$	1,464			$	3,853			$	14,260
Charge Offs:	(217		)		(911		)		(65		)		(1,637		)		(2,830		)
Recoveries:	92				10				—				284				386
Net (charge offs) recoveries	(125		)		(901		)		(65		)		(1,353		)		(2,444		)
Provision	(117		)		1,059				124				1,371				2,437
Ending balance	$	1,589			$	7,270			$	1,523			$	3,871			$	14,253

	December 31, 2015
Allowance for loan losses	Commercial, and Agricultural				Commercial Mortgages				Residential Mortgages				Consumer Loans				Total
Beginning balance:	$	1,460			$	6,326			$	1,572			$	4,328			$	13,686
Charge Offs:	(186		)		(104		)		(47		)		(1,294		)		(1,631		)
Recoveries:	96				131				—				407				634
Net recoveries (charge offs)	(90		)		27				(47		)		(887		)		(997		)
Provision	461				759				(61		)		412				1,571
Ending balance	$	1,831			$	7,112			$	1,464			$	3,853			$	14,260

	December 31, 2014
Allowance for loan losses	Commercial, and Agricultural				Commercial Mortgages				Residential Mortgages				Consumer Loans				Total
Beginning balance:	$	1,979			$	6,243			$	1,517			$	3,037			$	12,776
Charge Offs:	(444		)		(2,229		)		(97		)		(1,508		)		(4,278		)
Recoveries:	385				156				32				634				1,207
Net recoveries (charge offs)	(59		)		(2,073		)		(65		)		(874		)		(3,071		)
Provision	(460		)		2,156				120				2,165				3,981
Ending balance	$	1,460			$	6,326			$	1,572			$	4,328			$	13,686

Allowance for Loan Losses and Recorded Investment in Loans Based on Impairment Method

The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2016 and December 31, 2015 (in thousands):

	December 31, 2016
Allowance for loan losses	Commercial and Agricultural				Commercial Mortgages				Residential Mortgages				Consumer Loans				Total
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	—			$	735			$	—			$	141			$	876
Collectively evaluated for impairment	1,589				6,476				1,498				3,730				13,293
Loans acquired with deteriorated credit quality	—				59				25				—				84
Total ending allowance balance	$	1,589			$	7,270			$	1,523			$	3,871			$	14,253

	December 31, 2015
Allowance for loan losses	Commercial and Agricultural				Commercial Mortgages				Residential Mortgages				Consumer Loans				Total
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	8			$	1,481			$	—			$	77			$	1,566
Collectively evaluated for impairment	1,823				5,572				1,424				3,776				12,595
Loans acquired with deteriorated credit quality	—				59				40				—				99
Total ending allowance balance	$	1,831			$	7,112			$	1,464			$	3,853			$	14,260

	December 31, 2016
Loans:	Commercial and Agricultural				Commercial Mortgages				Residential Mortgages				Consumer Loans				Total
Loans individually evaluated for impairment	$	693			$	10,382			$	396			$	455			$	11,926
Loans collectively evaluated for  impairment	176,334				558,451				198,474				256,879				1,190,138
Loans acquired with deteriorated credit quality	—				1,323				95				—				1,418
Total ending loans balance	$	177,027			$	570,156			$	198,965			$	257,334			$	1,203,482

	December 31, 2015
Loans:	Commercial and Agricultural				Commercial Mortgages				Residential Mortgages				Consumer Loans				Total
Loans individually evaluated for impairment	$	1,498			$	12,773			$	235			$	474			$	14,980
Loans collectively evaluated for  impairment	192,202				493,102				195,731				273,393				1,154,428
Loans acquired with deteriorated credit quality	—				1,825				270				—				2,095
Total ending loans balance	$	193,700			$	507,700			$	196,236			$	273,867			$	1,171,503

Summary of Impaired Financing Receivables

The following tables present loans individually evaluated for impairment recognized by class of loans as of December 31, 2016 and December 31, 2015, the average recorded investment and interest income recognized by class of loans as of the years ended December 31, 2016, 2015 and 2014 (in thousands):

	December 31, 2016												December 31, 2015
	Unpaid Principal Balance				Recorded Investment				Allowance for Loan Losses Allocated				Unpaid Principal Balance				Recorded Investment				Allowance for Loan Losses Allocated
With no related allowance recorded:
Commercial and agricultural:
Commercial and industrial	$	690			$	693			$	—			$	1,487			$	1,489			$	—
Commercial mortgages:
Construction	277				278				—				349				350				—
Commercial mortgages	8,792				7,857				—				7,551				7,577				—
Residential mortgages	395				396				—				234				235				—
Consumer loans:
Home equity lines and loans	93				95				—				107				108				—
With an allowance recorded:
Commercial and agricultural:
Commercial and industrial	—				—				—				9				9				8
Commercial mortgages:
Commercial mortgages	2,245				2,247				735				4,913				4,846				1,481
Consumer loans:
Home equity lines and loans	360				360				141				364				366				77
Total	$	12,852			$	11,926			$	876			$	15,014			$	14,980			$	1,566

	December 31, 2016								December 31, 2015								December 31, 2014
	Average Recorded Investment				Interest Income Recognized (1)				Average Recorded Investment				Interest Income Recognized (1)				Average Recorded Investment				Interest Income Recognized (1)
With no related allowance recorded:
Commercial and agricultural:
Commercial and industrial	$	1,010			$	42			$	1,358			$	64			$	1,463			$	40
Commercial mortgages:
Construction	320				14				992				36				2,104				102
Commercial mortgages	6,793				240				7,728				264				7,492				259
Residential mortgages	366				5				244				4				141				1
Consumer loans:
Home equity lines & loans	102				5				396				6				143				6
With an allowance recorded:
Commercial and agricultural:
Commercial and industrial	33				—				146				3				502				—
Commercial mortgages:
Commercial mortgages	4,749				6				4,503				49				1,611				41
Consumer loans:
Home equity lines and loans	362				—				84				18				56				4
Total	$	13,735			$	312			$	15,451			$	444			$	13,512			$	453

(1)  Cash basis interest income approximates interest income recognized.

Recorded Investment in Past Due and Non-Accrual Status by Class of Loans

The following tables present the recorded investment in non-accrual and loans past due 90 days or more and still accruing by class of loans as of December 31, 2016 and December 31, 2015 (in thousands):

	Non-accrual								Loans Past Due 90 Days or More and Still Accruing
	2016				2015				2016				2015
Commercial and agricultural:
Commercial and industrial	$	—			$	13			$	2			$	3
Commercial mortgages:
Construction	19				63				—				—
Commercial mortgages	5,454				7,203				—				—
Residential mortgages	4,201				3,610				—				—
Consumer loans:
Credit cards	—				—				11				15
Home equity lines and loans	1,670				757				—				—
Indirect consumer loans	654				542				—				—
Direct consumer loans	45				43				—				—
Total	$	12,043			$	12,232			$	13			$	18

The following tables present the aging of the recorded investment in loans as of December 31, 2016 and December 31, 2015 (in thousands):

	December 31, 2016
	30 - 59 Days Past Due				60 - 89 Days Past Due				90 Days or More Past Due				Total Past Due				Loans Acquired with Deteriorated Credit Quality				Loans Not Past Due				Total
Commercial and agricultural:
Commercial and industrial	$	160			$	7			$	2			$	169			$	—			$	176,497			$	176,666
Agricultural	—				—				—				—				—				361				361
Commercial mortgages:
Construction	—				1,177				—				1,177				—				45,333				46,510
Commercial mortgages	652				4,460				2,412				7,524				1,323				514,799				523,646
Residential mortgages	2,100				436				2,383				4,919				95				193,951				198,965
Consumer loans:
Credit cards	3				9				11				23				—				1,453				1,476
Home equity lines and loans	227				—				1,149				1,376				—				97,477				98,853
Indirect consumer loans	1,773				287				542				2,602				—				137,391				139,993
Direct consumer loans	54				7				22				83				—				16,929				17,012
Total	$	4,969			$	6,383			$	6,521			$	17,873			$	1,418			$	1,184,191			$	1,203,482

	December 31, 2015
	30 - 59 Days Past Due				60 - 89 Days Past Due				90 Days or More Past Due				Total Past Due				Loans Acquired with Deteriorated Credit Quality				Loans Not Past Due				Total
Commercial and agricultural:
Commercial and industrial	$	398			$	3			$	12			$	413			$	—			$	192,248			$	192,661
Agricultural	—				—				—				—				—				1,039				1,039
Commercial mortgages:
Construction	—				—				—				—				—				41,231				41,231
Commercial mortgages	4,197				199				5,239				9,635				1,825				455,009				466,469
Residential mortgages	2,983				725				1,703				5,410				270				190,555				196,236
Consumer loans:
Credit cards	30				4				15				50				—				1,433				1,482
Home equity lines and loans	233				77				239				549				—				101,428				101,977
Indirect consumer loans	1,744				4				447				2,194				—				149,531				151,726
Direct consumer loans	208				—				19				227				—				18,455				18,682
Total	$	9,793			$	1,012			$	7,674			$	18,478			$	2,095			$	1,150,929			$	1,171,503

Loans by Class Modified as Troubled Debt Restructurings

The following table presents loans by class modified as troubled debt restructurings that occurred during the years ended December 31, 2016, 2015 and 2014 (in thousands):

December 31, 2016		Number of Loans		Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment
Troubled debt restructurings:
Commercial mortgages:
Commercial mortgages		6		$	485			$	388
Residential mortgages		2		295				307
Consumer loans:
Home equity lines and loans		1		74				74
Total		9		$	854			$	769

The TDRs described above did not increase the allowance for loan losses and resulted in no charge offs during the year ended December 31, 2016.

December 31, 2015		Number of Loans		Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment
Troubled debt restructurings:
Commercial and agricultural:
Commercial and industrial		1		$	477			$	477
Commercial mortgages:
Commercial mortgages		5		2,810				2,810
Total		6		$	3,287			$	3,287

The TDRs described above increase the allowance for loan losses by $1.1 million and resulted in no charge offs during the year ended December 31, 2015.

December 31, 2014		Number of Loans		Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment
Troubled debt restructurings:
Commercial and agricultural:
Commercial and industrial		4		$	1,028			$	1,028
Commercial mortgages:
Commercial mortgages		4		2,666				2,623
Residential mortgages		1		149				150
Consumer loans:
Home equity lines and loans		1		366				366
Total		10		$	4,209			$	4,167

The TDRs described above increased the allowance for loan losses by $0.2 million and resulted in less than $0.1 million in charge offs during the year ended December 31, 2014.

A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. There were no payment defaults on any loans previously modified as troubled debt restructurings during the year ended December 31, 2016 within twelve months following the modification.

The following table presents loans by class modified as TDRs for which there was a payment default within twelve months following the modification during the year ended December 31, 2015:

December 31, 2015		Number of Loans		Recorded Investment
Commercial mortgages:
Commercial mortgages		2		$	1,877
Total		2		$	1,877

Risk Category of Recorded Investment of Loans by Class of Loans

Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans.  Loans listed as not rated are included in groups of homogeneous loans.  Based on the analyses performed as of December 31, 2016 and December 31, 2015, the risk category of the recorded investment of loans by class of loans is as follows (in thousands):

	December 31, 2016
	Not Rated				Pass				Loans acquired with deteriorated credit quality				Special Mention				Substandard				Doubtful				Total
Commercial and agricultural:
Commercial and industrial	$	—			$	172,873			$	—			$	2,277			$	1,516			$	—			$	176,666
Agricultural	—				361				—				—				—				—				361
Commercial mortgages:
Construction	—				45,055				—				259				1,196				—				46,510
Commercial mortgages	—				496,723				1,323				8,574				15,566				1,460				523,646
Residential mortgages	194,669				—				95				—				4,201				—				198,965
Consumer loans
Credit cards	1,476				—				—				—				—				—				1,476
Home equity lines and loans	97,183				—				—				—				1,670				—				98,853
Indirect consumer loans	139,339				—				—				—				654				—				139,993
Direct consumer loans	16,967				—				—				—				45				—				17,012
Total	$	449,634			$	715,012			$	1,418			$	11,110			$	24,848			$	1,460			$	1,203,482

	December 31, 2015
	Not Rated				Pass				Loans acquired with deteriorated credit quality				Special Mention				Substandard				Doubtful				Total
Commercial and agricultural:
Commercial and industrial	$	—			$	186,359			$	—			$	3,772			$	2,521			$	9			$	192,661
Agricultural	—				1,039				—				—				—				—				1,039
Commercial mortgages:
Construction	—				40,881				—				287				63				—				41,231
Commercial mortgages	—				437,549				1,825				8,437				14,454				4,204				466,469
Residential mortgages	192,245				—				270				—				3,721				—				196,236
Consumer loans
Credit cards	1,482				—				—				—				—				—				1,482
Home equity lines and loans	101,219				—				—				—				758				—				101,977
Indirect consumer loans	151,184				—				—				—				542				—				151,726
Direct consumer loans	18,639				—				—				—				43				—				18,682
Total	$	464,769			$	665,828			$	2,095			$	12,496			$	22,102			$	4,213			$	1,171,503

Recorded Investment in Residential and Consumer Loans Based on Payment Activity

The following table presents the recorded investment in residential and consumer loans based on payment activity as of December 31, 2016 and December 31, 2015 (in thousands):

	December 31, 2016
					Consumer Loans
	Residential Mortgages				Credit Card				Home Equity Lines and Loans				Indirect Consumer Loans				Other Direct Consumer Loans
Performing	$	194,764			$	1,476			$	97,183			$	139,339			$	16,967
Non-Performing	4,201				—				1,670				654				45
Total	$	198,965			$	1,476			$	98,853			$	139,993			$	17,012

	December 31, 2015
					Consumer Loans
	Residential Mortgages				Credit Card				Home Equity Lines and Loans				Indirect Consumer Loans				Other Direct Consumer Loans
Performing	$	192,626			$	1,482			$	101,219			$	151,184			$	18,639
Non-Performing	3,610				—				758				542				43
Total	$	196,236			$	1,482			$	101,977			$	151,726			$	18,682

Summary of Changes in Contractually Required Principal and Interest on Loans Acquired

The tables below summarize the changes in total contractually required principal and interest cash payments, management’s estimate of expected total cash payments and carrying value of the PCI loans from January 1, 2014 to December 31, 2016 (in thousands):

	Balance at December 31, 2015				Income Accretion				All Other Adjustments				Balance at December 31, 2016
Contractually required principal and interest	$	2,912			$	—			$	(972	)		$	1,940
Contractual cash flows not expected to be collected (non accretable discount)	(506		)		—				154				(352		)
Cash flows expected to be collected	2,406				—				(818		)		1,588
Interest component of expected cash flows (accretable yield)	(311		)		112				29				(170		)
Recorded investment in loans acquired with deteriorating credit quality	$	2,095			$	112			$	(789	)		$	1,418

	Balance at December 31, 2014				Income Accretion				All Other Adjustments				Balance at December 31, 2015
Contractually required principal and interest	$	3,621			$	—			$	(709	)		$	2,912
Contractual cash flows not expected to be collected (non accretable discount)	(570		)		—				64				(506		)
Cash flows expected to be collected	3,051				—				(645		)		2,406
Interest component of expected cash flows (accretable yield)	(420		)		174				(65		)		(311		)
Recorded investment in loans acquired with deteriorating credit quality	$	2,631			$	174			$	(710	)		$	2,095

	Balance at January 1, 2014				Income Accretion				All Other Adjustments				Balance at December 31, 2014
Contractually required principal and interest	$	11,230			$	—			$	(7,609	)		$	3,621
Contractual cash flows not expected to be collected (non accretable discount)	(543		)		—				(27		)		(570		)
Cash flows expected to be collected	10,687				—				(7,636		)		3,051
Interest component of expected cash flows (accretable yield)	(991		)		515				56				(420		)
Recorded investment in loans acquired with deteriorating credit quality	$	9,696			$	515			$	(7,580	)		$	2,631

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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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Tabular disclosure of financing receivables and troubled debt restructurings.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953676-111524

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953682-111524

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