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Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2021

Allowance for Loan Losses

Schedule of changes in the allowance for loan losses

The following table presents the changes in the allowance for loan losses by major classification during the three months ended March 31, 2021:

Real Estate

Commercial,

Residential

Real Estate

Financial &

Equity

Consumer

(Dollars in thousands)

Mortgage

Construction

Agricultural

Lines

Consumer

Finance

Total

Allowance for loan losses:

Balance at December 31, 2020

$

2,914

$

975

$

10,696

$

687

$

371

$

23,513

$

39,156

Provision charged (credited) to operations

(28)

(153)

311

(16)

(84)

250

280

Loans charged off

—

—

—

—

(45)

(1,651)

(1,696)

Recoveries of loans previously charged off

7

—

—

—

35

1,251

1,293

Balance at March 31, 2021

$

2,893

$

822

$

11,007

$

671

$

277

$

23,363

$

39,033

The following table presents the changes in the allowance for loan losses by major classification during the three months ended March 31, 2020:


		Real Estate						Commercial,
		Residential			Real Estate			Financial &			Equity						Consumer
(Dollars in thousands)		Mortgage			Construction			Agricultural			Lines			Consumer			Finance			Total
Allowance for loan losses:
Balance at December 31, 2019		$	2,080		$	681		$	7,121		$	733		$	465		$	21,793		$	32,873
Provision charged (credited) to operations			60			90			831			37			(18)			1,650			2,650
Loans charged off			(4)			—			(18)			—			(93)			(3,426)			(3,541)
Recoveries of loans previously charged off			4			—			1			—			62			1,249			1,316
Balance at March 31, 2020		$	2,140		$	771		$	7,935		$	770		$	416		$	21,266		$	33,298

Schedule of balance of the allowance for loan losses and the balance of loans by impairment methodology

The following table presents, as of March 31, 2021, 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		$	69		$	—		$	720		$	—		$	102		$	—		$	891
Collectively evaluated for impairment			2,824			822			10,287			671			175			23,363			38,142
Acquired loans - PCI			—			—			—			—			—			—			—
Total allowance		$	2,893		$	822		$	11,007		$	671		$	277		$	23,363		$	39,033
Loans:
Individually evaluated for impairment		$	1,640		$	—		$	3,803		$	110		$	105		$	—		$	5,658
Collectively evaluated for impairment			214,366			52,884			733,305			46,816			8,985			317,144			1,373,500
Acquired loans - PCI			914			—			4,872			50			42			—			5,878
Total loans		$	216,920		$	52,884		$	741,980		$	46,976		$	9,132		$	317,144		$	1,385,036

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

Schedule of loans by credit quality indicators

Loans by credit quality indicators as of March 31, 2021 were as follows:

Special

Substandard

(Dollars in thousands)

Pass

Mention

Substandard

Nonaccrual

Total¹

Real estate – residential mortgage

$

215,312

$

699

$

631

$

278

$

216,920

Real estate – construction:

Construction lending

39,525

—

—

—

39,525

Consumer lot lending

13,359

—

—

—

13,359

Commercial, financial and agricultural:

Commercial real estate lending

430,671

15,507

8,124

—

454,302

Land acquisition and development lending

33,615

—

—

—

33,615

Builder line lending

22,388

—

—

—

22,388

Commercial business lending

226,063

3,104

99

2,409

231,675

Equity lines

46,658

126

3

189

46,976

Consumer

8,964

42

16

110

9,132

$

1,036,555

$

19,478

$

8,873

$

2,986

$

1,067,892

1	At March 31, 2021, the Corporation did not have any loans classified as Doubtful or Loss.


					Non-
(Dollars in thousands)		Performing			Performing			Total
Consumer finance		$	316,962		$	182		$	317,144

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.


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