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Allowance for Loan Losses | 12 Months Ended
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Dec. 31, 2019
Allowance for Loan Losses |
Allowance for Loan Losses | NOTE 5: Allowance for Loan Losses Changes in the allowance for loan losses for the years ended December 31, 2019, 2018 and 2017 were as follows:
|  | Real Estate |  |  |  |  | Commercial, |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Residential |  | Real Estate |  | Financial & |  | Equity |  |  |  |  | Consumer |  |  |  |
(Dollars in thousands) |  | Mortgage |  | Construction |  | Agricultural |  | Lines |  | Consumer |  | Finance |  | Total |
Balance at December 31, 2016 |  | $ | 2,559 |  | $ | 816 |  | $ | 7,393 |  | $ | 685 |  | $ | 261 |  | $ | 25,352 |  | $ | 37,066 |
Provision charged to operations |  |  | (127) |  |  | (211) |  |  | 413 |  |  | 43 |  |  | 82 |  |  | 16,235 |  |  | 16,435 |
Loans charged off |  |  | (179) |  |  | — |  |  | (349) |  |  | (42) |  |  | (301) |  |  | (21,525) |  |  | (22,396) |
Recoveries of loans previously charged off |  |  | 118 |  |  | — |  |  | 21 |  |  | 2 |  |  | 189 |  |  | 4,291 |  |  | 4,621 |
Balance at December 31, 2017 |  |  | 2,371 |  |  | 605 |  |  | 7,478 |  |  | 688 |  |  | 231 |  |  | 24,353 |  |  | 35,726 |
Provision charged to operations |  |  | (140) |  |  | 122 |  |  | (440) |  |  | 418 |  |  | 140 |  |  | 10,906 |  |  | 11,006 |
Loans charged off |  |  | (42) |  |  | — |  |  | (409) |  |  | — |  |  | (344) |  |  | (16,477) |  |  | (17,272) |
Recoveries of loans previously charged off |  |  | 57 |  |  | — |  |  | 59 |  |  | — |  |  | 230 |  |  | 4,217 |  |  | 4,563 |
Balance at December 31, 2018 |  |  | 2,246 |  |  | 727 |  |  | 6,688 |  |  | 1,106 |  |  | 257 |  |  | 22,999 |  |  | 34,023 |
Provision charged to operations |  |  | (146) |  |  | (46) |  |  | 458 |  |  | (235) |  |  | 329 |  |  | 8,155 |  |  | 8,515 |
Loans charged off |  |  | (46) |  |  | — |  |  | (29) |  |  | (138) |  |  | (349) |  |  | (13,991) |  |  | (14,553) |
Recoveries of loans previously charged off |  |  | 26 |  |  | — |  |  | 4 |  |  | — |  |  | 228 |  |  | 4,630 |  |  | 4,888 |
Balance at December 31, 2019 |  | $ | 2,080 |  | $ | 681 |  | $ | 7,121 |  | $ | 733 |  | $ | 465 |  | $ | 21,793 |  | $ | 32,873 |
The following table presents, as of December 31, 2019, the balance of the allowance for loan losses, the allowance by impairment methodology, total loans and loans by impairment methodology.
|  | Real Estate |  |  |  |  | Commercial, |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Residential |  | Real Estate |  | Financial & |  | Equity |  |  |  |  | Consumer |  |  |  |
(Dollars in thousands) |  | Mortgage |  | Construction |  | Agricultural |  | Lines |  | Consumer |  | Finance |  | Total |
Allowance balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 72 |  | $ | — |  | $ | 77 |  | $ | — |  | $ | 118 |  | $ | — |  | $ | 267 |
Collectively evaluated for impairment |  |  | 2,008 |  |  | 681 |  |  | 7,044 |  |  | 733 |  |  | 347 |  |  | 21,793 |  |  | 32,606 |
Acquired loans - PCI |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total allowance |  | $ | 2,080 |  | $ | 681 |  | $ | 7,121 |  | $ | 733 |  | $ | 465 |  | $ | 21,793 |  | $ | 32,873 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 3,671 |  | $ | — |  | $ | 1,451 |  | $ | 31 |  | $ | 121 |  | $ | — |  | $ | 5,274 |
Collectively evaluated for impairment |  |  | 177,517 |  |  | 54,246 |  |  | 498,798 |  |  | 52,017 |  |  | 13,635 |  |  | 312,999 |  |  | 1,109,212 |
Acquired loans - PCI |  |  | 107 |  |  | — |  |  | 563 |  |  | 35 |  |  | — |  |  | — |  |  | 705 |
Total loans |  | $ | 181,295 |  | $ | 54,246 |  | $ | 500,812 |  | $ | 52,083 |  | $ | 13,756 |  | $ | 312,999 |  | $ | 1,115,191 |
The following table presents, as of December 31, 2018, the balance of the allowance for loan losses, the allowance by impairment methodology, total loans and loans by impairment methodology.
|  | Real Estate |  |  |  |  | Commercial, |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Residential |  | Real Estate |  | Financial & |  | Equity |  |  |  |  | Consumer |  |  |  |
(Dollars in thousands) |  | Mortgage |  | Construction |  | Agricultural |  | Lines |  | Consumer |  | Finance |  | Total |
Allowance balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 92 |  | $ | — |  | $ | 10 |  | $ | 326 |  | $ | — |  | $ | — |  | $ | 428 |
Collectively evaluated for impairment |  |  | 2,154 |  |  | 727 |  |  | 6,678 |  |  | 780 |  |  | 257 |  |  | 22,999 |  |  | 33,595 |
Acquired loans - PCI |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total allowance |  | $ | 2,246 |  | $ | 727 |  | $ | 6,688 |  | $ | 1,106 |  | $ | 257 |  | $ | 22,999 |  | $ | 34,023 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 2,965 |  | $ | — |  | $ | 2,450 |  | $ | 357 |  | $ | 5 |  | $ | — |  | $ | 5,777 |
Collectively evaluated for impairment |  |  | 181,652 |  |  | 54,461 |  |  | 452,024 |  |  | 55,213 |  |  | 15,004 |  |  | 296,154 |  |  | 1,054,508 |
Acquired loans - PCI |  |  | 284 |  |  | — |  |  | 1,461 |  |  | 90 |  |  | — |  |  | — |  |  | 1,835 |
Total loans |  | $ | 184,901 |  | $ | 54,461 |  | $ | 455,935 |  | $ | 55,660 |  | $ | 15,009 |  | $ | 296,154 |  | $ | 1,062,120 |
Loans by credit quality indicators as of December 31, 2019 were as follows:
|  |  |  |  | Special |  |  |  |  | Substandard |  |  |  |
(Dollars in thousands) |  | Pass |  | Mention |  | Substandard |  | Nonaccrual |  | Total 1 |
Real estate – residential mortgage |  | $ | 177,049 |  | $ | 1,839 |  | $ | 881 |  | $ | 1,526 |  | $ | 181,295 |
Real estate – construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction lending |  |  | 40,943 |  |  | — |  |  | — |  |  | — |  |  | 40,943 |
Consumer lot lending |  |  | 13,303 |  |  | — |  |  | — |  |  | — |  |  | 13,303 |
Commercial, financial and agricultural: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate lending |  |  | 323,218 |  |  | 3,266 |  |  | 70 |  |  | — |  |  | 326,554 |
Land acquisition and development lending |  |  | 33,870 |  |  | 9,021 |  |  | — |  |  | — |  |  | 42,891 |
Builder line lending |  |  | 25,995 |  |  | 378 |  |  | — |  |  | — |  |  | 26,373 |
Commercial business lending |  |  | 104,291 |  |  | 692 |  |  | — |  |  | 11 |  |  | 104,994 |
Equity lines |  |  | 51,662 |  |  | 181 |  |  | 11 |  |  | 229 |  |  | 52,083 |
Consumer |  |  | 13,632 |  |  | 6 |  |  | — |  |  | 118 |  |  | 13,756 |
|  | $ | 783,963 |  | $ | 15,383 |  | $ | 962 |  | $ | 1,884 |  | $ | 802,192 |
| 1 |  | At December 31, 2019, the Corporation did not have any loans classified as Doubtful or Loss.
|  |  |  |  | Non- |  |  |  |
(Dollars in thousands) |  | Performing |  | Performing |  | Total |
Consumer finance |  | $ | 312,388 |  | $ | 611 |  | $ | 312,999 |
Loans by credit quality indicators as of December 31, 2018 were as follows:
|  |  |  |  | Special |  |  |  |  | Substandard |  |  |  |
(Dollars in thousands) |  | Pass |  | Mention |  | Substandard |  | Nonaccrual |  | Total 1 |
Real estate – residential mortgage |  | $ | 180,232 |  | $ | 2,832 |  | $ | 1,243 |  | $ | 594 |  | $ | 184,901 |
Real estate – construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction lending |  |  | 42,051 |  |  | — |  |  | — |  |  | — |  |  | 42,051 |
Consumer lot lending |  |  | 12,410 |  |  | — |  |  | — |  |  | — |  |  | 12,410 |
Commercial, financial and agricultural: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate lending |  |  | 306,578 |  |  | 3,801 |  |  | 454 |  |  | — |  |  | 310,833 |
Land acquisition and development lending |  |  | 33,156 |  |  | 10,248 |  |  | — |  |  | — |  |  | 43,404 |
Builder line lending |  |  | 31,201 |  |  | — |  |  | — |  |  | — |  |  | 31,201 |
Commercial business lending |  |  | 69,897 |  |  | 576 |  |  | — |  |  | 24 |  |  | 70,497 |
Equity lines |  |  | 54,289 |  |  | 389 |  |  | 99 |  |  | 883 |  |  | 55,660 |
Consumer |  |  | 14,998 |  |  | 5 |  |  | 6 |  |  | — |  |  | 15,009 |
|  | $ | 744,812 |  | $ | 17,851 |  | $ | 1,802 |  | $ | 1,501 |  | $ | 765,966 |
| 1 |  | At December 31, 2018, the Corporation did not have any loans classified as Doubtful or Loss.
|  |  |  |  | Non- |  |  |  |
(Dollars in thousands) |  | Performing |  | Performing |  | Total |
Consumer finance |  | $ | 295,442 |  | $ | 712 |  | $ | 296,154 |

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