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Loans (Tables)

3 Months Ended

Mar. 31, 2017

Receivables [Abstract]

Major Classifications of Loans

Major classifications of loans at March 31, 2017 and December 31, 2016 are as follows (in thousands):

	March 31, 2017				December 31, 2016
Commercial and industrial	$	40,039			$	41,878
Commercial, secured by real estate	475,594				477,275
Residential real estate	260,853				265,788
Consumer	17,646				19,173
Agricultural	15,459				14,802
Other loans, including deposit overdrafts	609				633
	810,200				819,549
Deferred origination costs (fees), net	281				254
	810,481				819,803
Less allowance for loan losses	3,328				3,575
Loans, net	$	807,153			$	816,228

Non-accrual, Past Due, and Accruing Restructured Loans

Non-accrual, past-due, and accruing restructured loans as of March 31, 2017 and December 31, 2016 are as follows (in thousands):

	March 31, 2017				December 31, 2016
Non-accrual loans:
Commercial and industrial	$	—			$	—
Commercial, secured by real estate	2,609				4,312
Residential real estate	926				1,079
Consumer	—				—
Agricultural	334				334
Total non-accrual loans	3,869				5,725
Past-due 90 days or more and still accruing	12				23
Total non-accrual and past-due 90 days or more and still accruing	3,881				5,748
Accruing restructured loans	11,606				11,731
Total	$	15,487			$	17,479

Allowance for Loan Losses and Recorded Investments in Loans

A breakdown of the allowance for loan losses and the loan portfolio by loan segment at March 31, 2017 and December 31, 2016 are as follows (in thousands):

	Commercial & Industrial				Commercial, Secured by Real Estate				Residential Real Estate				Consumer				Agricultural				Other				Total
March 31, 2017
Allowance for loan losses:
Individually evaluated for impairment	$	8			$	30			$	81			$	13			$	—			$	—			$	132
Collectively evaluated for impairment	345				1,977				728				78				66				2				3,196
Acquired credit impaired loans	—				—				—				—				—				—				—
Balance, end of period	$	353			$	2,007			$	809			$	91			$	66			$	2			$	3,328
Loans:
Individually evaluated for impairment	$	329			$	12,036			$	1,455			$	63			$	334			$	—			$	14,217
Collectively evaluated for impairment	39,332				458,586				257,439				17,672				15,132				138				788,299
Acquired credit impaired loans	405				4,654				2,426				9				—				471				7,965
Balance, end of period	$	40,066			$	475,276			$	261,320			$	17,744			$	15,466			$	609			$	810,481
December 31, 2016
Allowance for loan losses:
Individually evaluated for impairment	$	9			$	55			$	100			$	13			$	—			$	—			$	177
Collectively evaluated for impairment	341				1,832				785				83				60				5				3,106
Acquired credit impaired loans	—				292				—				—				—				—				292
Balance, end of period	$	350			$	2,179			$	885			$	96			$	60			$	5			$	3,575
Loans:
Individually evaluated for impairment	$	337			$	12,580			$	1,518			$	52			$	334			$	—			$	14,821
Collectively evaluated for impairment	41,466				458,059				262,266				19,192				14,475				178				795,636
Acquired credit impaired loans	98				6,305				2,471				17				—				455				9,346
Balance, end of period	$	41,901			$	476,944			$	266,255			$	19,261			$	14,809			$	633			$	819,803

The allowance for loan losses for the three months ended March 31, 2017 and 2016 are as follows (in thousands):

	Commercial & Industrial				Commercial, Secured by Real Estate				Residential Real Estate				Consumer				Agricultural				Other				Total
Three Months Ended March 31, 2017
Balance, beginning of period	$	350			$	2,179			$	885			$	96			$	60			$	5			$	3,575
Provision charged to expenses	(2		)		90				(107		)		23				6				5				15
Losses charged off	—				(262		)		(17		)		(45		)		—				(30		)		(354		)
Recoveries	5				—				48				17				—				22				92
Balance, end of period	$	353			$	2,007			$	809			$	91			$	66			$	2			$	3,328
Three Months Ended March 31, 2016
Balance, beginning of period	$	244			$	1,908			$	854			$	54			$	66			$	3			$	3,129
Provision charged to expenses	—				(35		)		66				61				(10		)		8				90
Losses charged off	—				(23		)		(28		)		(44		)		—				(23		)		(118		)
Recoveries	3				18				4				10				—				14				49
Balance, end of period	$	247			$	1,868			$	896			$	81			$	56			$	2			$	3,150

Analysis of the Company's Loan Portfolio by Credit Quality Indicators

A breakdown of the loan portfolio by credit quality indicators at March 31, 2017 and December 31, 2016 is as follows (in thousands):

	Pass				OAEM				Substandard				Doubtful				Total
March 31, 2017
Commercial & industrial	$	39,432			$	239			$	395			$	—			$	40,066
Commercial, secured by real estate	445,157				6,378				23,741				—				475,276
Residential real estate	257,044				186				4,090				—				261,320
Consumer	17,682				—				62				—				17,744
Agricultural	13,931				—				1,535				—				15,466
Other	609				—				—				—				609
Total	$	773,855			$	6,803			$	29,823			$	—			$	810,481
December 31, 2016
Commercial & industrial	$	41,178			$	304			$	419			$	—			$	41,901
Commercial, secured by real estate	443,781				5,479				27,684				—				476,944
Residential real estate	261,839				442				3,974				—				266,255
Consumer	19,182				—				79				—				19,261
Agricultural	13,311				—				1,498				—				14,809
Other	633				—				—				—				633
Total	$	779,924			$	6,225			$	33,654			$	—			$	819,803

Loan Portfolio Aging Analysis

A loan portfolio aging analysis at March 31, 2017 and December 31, 2016 is as follows (in thousands):

	30-59 Days Past Due				60-89 Days Past Due				Greater Than 90 Days Past Due				Total Past Due				Current				Total Loans Receivable				Total Loans Greater Than 90 Days and Accruing
March 31, 2017
Commercial & industrial	$	8			$	—			$	—			$	8			$	40,058			$	40,066			$	—
Commercial, secured by real estate	201				—				622				823				474,453				475,276				—
Residential real estate	1,303				75				706				2,084				259,236				261,320				12
Consumer	26				8				—				34				17,710				17,744				—
Agricultural	—				60				334				394				15,072				15,466				—
Other	76				—				—				76				533				609				—
Total	$	1,614			$	143			$	1,662			$	3,419			$	807,062			$	810,481			$	12
December 31, 2016
Commercial & industrial	$	19			$	—			$	—			$	19			$	41,882			$	41,901			$	—
Commercial, secured by real estate	99				69				127				295				476,649				476,944				—
Residential real estate	686				80				727				1,493				264,762				266,255				20
Consumer	59				16				3				78				19,183				19,261				3
Agricultural	125				—				—				125				14,684				14,809				—
Other	115				—				—				115				518				633				—
Total	$	1,103			$	165			$	857			$	2,125			$	817,678			$	819,803			$	23

Impaired Loans

Impaired loans, including acquired credit impaired loans, at March 31, 2017 and December 31, 2016 are as follows (in thousands):

	Recorded Investment				Unpaid Principal Balance				Related Allowance
March 31, 2017
With no related allowance recorded:
Commercial & industrial	$	416			$	548			$	—
Commercial, secured by real estate	14,765				15,968				—
Residential real estate	3,190				4,188				—
Consumer	17				18				—
Agricultural	334				334				—
Other	471				628				—
Total	$	19,193			$	21,684			$	—
With an allowance recorded:
Commercial & industrial	$	318			$	318			$	8
Commercial, secured by real estate	1,925				1,925				30
Residential real estate	691				699				81
Consumer	55				55				13
Agricultural	—				—				—
Other	—				—				—
Total	$	2,989			$	2,997			$	132
Total:
Commercial & industrial	$	734			$	866			$	8
Commercial, secured by real estate	16,690				17,893				30
Residential real estate	3,881				4,887				81
Consumer	72				73				13
Agricultural	334				334				—
Other	471				628				—
Total	$	22,182			$	24,681			$	132
December 31, 2016
With no related allowance recorded:
Commercial & industrial	$	109			$	263			$	—
Commercial, secured by real estate	14,195				15,522				—
Residential real estate	3,238				4,286				—
Consumer	26				27				—
Agricultural	334				334				—
Other	455				629				—
Total	$	18,357			$	21,061			$	—
With an allowance recorded:
Commercial & industrial	$	326			$	326			$	9
Commercial, secured by real estate	4,690				4,946				347
Residential real estate	751				751				100
Consumer	43				43				13
Agricultural	—				—				—
Other	—				—				—
Total	$	5,810			$	6,066			$	469
Total:
Commercial & industrial	$	435			$	589			$	9
Commercial, secured by real estate	18,885				20,468				347
Residential real estate	3,989				5,037				100
Consumer	69				70				13
Agricultural	334				334				—
Other	455				629				—
Total	$	24,167			$	27,127			$	469

The following presents information related to the average recorded investment and interest income recognized on impaired loans, including acquired credit impaired loans, for the three months ended March 31, 2017 and 2016 (in thousands):

	2017								2016
	Average Recorded Investment				Interest Income Recognized				Average Recorded Investment				Interest Income Recognized
Three Months Ended March 31,
With no related allowance recorded:
Commercial & industrial	$	261			$	26			$	978			$	29
Commercial, secured by real estate	15,859				186				17,631				387
Residential real estate	3,219				89				3,778				67
Consumer	21				—				41				7
Agricultural	334				—				422				12
Other	463				18				495				20
Total	$	20,157			$	319			$	23,345			$	522
With an allowance recorded:
Commercial & industrial	$	322			$	4			$	352			$	5
Commercial, secured by real estate	1,931				24				2,624				19
Residential real estate	704				8				834				10
Consumer	52				1				61				1
Agricultural	—				—				—				—
Other	—				—				—				—
Total	$	3,009			$	37			$	3,871			$	35
Total:
Commercial & industrial	$	583			$	30			$	1,330			$	34
Commercial, secured by real estate	17,790				210				20,255				406
Residential real estate	3,923				97				4,612				77
Consumer	73				1				102				8
Agricultural	334				—				422				12
Other	463				18				495				20
Total	$	23,166			$	356			$	27,216			$	557

Troubled Debt Restructurings

Loan modifications that were classified as troubled debt restructurings during the three months ended March 31, 2017 and 2016 are as follows (dollars in thousands):

	2017											2016
	Number of Loans			Pre-Modification Recorded Balance				Post-Modification Recorded Balance				Number of Loans			Pre-Modification Recorded Balance				Post-Modification Recorded Balance
Three Months Ended March 31,
Commercial & industrial	—			$	—			$	—			—			$	—			$	—
Commercial, secured by real estate	—			—				—				1			299				372
Residential real estate	1			18				9				1			18				18
Consumer	1			14				14				1			17				17
Total	2			$	32			$	23			3			$	334			$	407

Schedule of Troubled Debt Restructurings by Modification Type

Post-modification balances of newly restructured troubled debt by type of modification for the three months ended March 31, 2017 and 2016 were as follows (dollars in thousands):

	Term Modification				Rate Modification				Interest Only				Principal Forgiveness				Combination				Total Modifications
Three Months Ended March 31, 2017
Commercial & industrial	$	—			$	—			$	—			$	—			$	—			$	—
Commercial, secured by real estate	—				—				—				—				—				—
Residential real estate	—				—				—				9				—				9
Consumer	14				—				—				—				—				14
Total	$	14			$	—			$	—			$	9			$	—			$	23
Three Months Ended March 31, 2016
Commercial & industrial	$	—			$	—			$	—			$	—			$	—			$	—
Commercial, secured by real estate	—				—				—				—				372				372
Residential real estate	18				—				—				—				—				18
Consumer	—				17				—				—				—				17
Total	$	18			$	17			$	—			$	—			$	372			$	407

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