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Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2020

Allowance for Loan Losses

Schedule of changes in the allowance for loan losses


		Real Estate						Commercial,
		Residential			Real Estate			Financial &			Equity						Consumer
(Dollars in thousands)		Mortgage			Construction			Agricultural			Lines			Consumer			Finance			Total
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
Provision charged to operations			808			294			3,589			(47)			(34)			6,470			11,080
Loans charged off			(62)			—			(18)			—			(231)			(9,331)			(9,642)
Recoveries of loans previously charged off			88			—			4			1			171			4,581			4,845
Balance at December 31, 2020		$	2,914		$	975		$	10,696		$	687		$	371		$	23,513		$	39,156

Schedule of total allowance for loan losses, allowance by impairment methodology, total loans, and total loans by impairment methodology

The following table presents, as of December 31, 2020, 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		$	77		$	—		$	674		$	—		$	128		$	—		$	879
Collectively evaluated for impairment			2,837			975			10,022			687			243			23,513			38,277
Acquired loans - PCI			—			—			—			—			—			—			—
Total allowance		$	2,914		$	975		$	10,696		$	687		$	371		$	23,513		$	39,156
Loans:
Individually evaluated for impairment		$	2,210		$	—		$	3,825		$	111		$	132		$	—		$	6,278
Collectively evaluated for impairment			214,615			62,147			691,632			48,275			10,848			312,252			1,339,769
Acquired loans - PCI			1,473			—			4,758			80			48			—			6,359
Total loans		$	218,298		$	62,147		$	700,215		$	48,466		$	11,028		$	312,252		$	1,352,406

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

Schedule of loans by credit quality indicators

Loans by credit quality indicators as of December 31, 2020 were as follows:

Special

Substandard

(Dollars in thousands)

Pass

Mention

Substandard

Nonaccrual

Total¹

Real estate – residential mortgage

$

215,712

$

1,715

$

595

$

276

$

218,298

Real estate – construction:

Construction lending

49,659

—

—

—

49,659

Consumer lot lending

12,488

—

—

—

12,488

Commercial, financial and agricultural:

Commercial real estate lending

415,506

15,507

10,890

—

441,903

Land acquisition and development lending

37,724

—

—

—

37,724

Builder line lending

18,194

—

—

—

18,194

Commercial business lending

196,743

3,124

99

2,428

202,394

Equity lines

48,140

132

3

191

48,466

Consumer

10,832

48

41

107

11,028

$

1,004,998

$

20,526

$

11,628

$

3,002

$

1,040,154

1	At December 31, 2020, the Corporation did not have any loans classified as Doubtful or Loss.

Included in the table above are loans purchased in connection with the acquisition of Peoples of $53.01 million pass rated, $695,000 special mention and $2.98 million substandard.


					Non-
(Dollars in thousands)		Performing			Performing			Total
Consumer finance		$	311,850		$	402		$	312,252

Loans by credit quality indicators as of December 31, 2019 were as follows:


					Special						Substandard
(Dollars in thousands)		Pass			Mention			Substandard			Nonaccrual			Total¹
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