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Acquired Credit Impaired Loans | 3 Months Ended
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Mar. 31, 2019
Receivables [Abstract] |
Acquired Credit Impaired Loans | Acquired Credit Impaired Loans Loans acquired through mergers are recorded at fair value with no carryover of the acquired entity's previously established allowance for loan losses. The excess of expected cash flows over the estimated fair value of acquired loans is recognized as interest income over the remaining contractual lives of the loans using the level yield method. Subsequent decreases in expected cash flows will require additions to the allowance for loan losses. Subsequent improvements in expected cash flows result in the recognition of additional interest income over the then-remaining contractual lives of the loans. Impaired loans acquired are accounted for under FASB Accounting Standards Codification ("ASC") 310-30. Factors considered in evaluating whether an acquired loan was impaired include delinquency status and history, updated borrower credit status, collateral information, and updated loan-to-value information. The difference between contractually required payments at the time of acquisition and the cash flows expected to be collected is referred to as the nonaccretable difference. The interest component of the cash flows expected to be collected is referred to as the accretable yield and is recognized as interest income over the remaining contractual life of the loan using the level yield method. Subsequent decreases in expected cash flows will require additions to the allowance for loan losses. Subsequent improvements in expected cash flows will result in a reclassification from the nonaccretable difference to the accretable yield. The following table provides at March 31, 2019 and December 31, 2018 the major classifications of acquired credit impaired loans that are accounted for in accordance with FASB ASC 310-30 (in thousands):
| March 31, 2019 |  | December 31, 2018
Acquired from First Capital Bancshares, Inc. |  |  |
Commercial & industrial | $ | 11 |  |  | 13 |
Commercial, secured by real estate | 809 |  |  | 818 |
Residential real estate | 900 |  |  | 911 |
Other loans, including deposit overdrafts | — |  |  | — |
Loans, gross | 1,720 |  |  | 1,742 |
Less allowance for loan losses | — |  |  | — |
Loans, net | $ | 1,720 |  |  | 1,742 |
Acquired from Eaton National Bank & Trust Co. |  |  |
Commercial & industrial | $ | 229 |  |  | 503 |
Commercial, secured by real estate | 1,513 |  |  | 1,547 |
Residential real estate | 765 |  |  | 784 |
Other loans, including deposit overdrafts | 344 |  |  | 336 |
Loans, gross | 2,851 |  |  | 3,170 |
Less allowance for loan losses | — |  |  | — |
Loans, net | $ | 2,851 |  |  | 3,170 |
Acquired from BNB Bancorp, Inc. |  |  |
Commercial & industrial | $ | — |  |  | — |
Commercial, secured by real estate | 1,375 |  |  | 1,396 |
Residential real estate | 152 |  |  | 158 |
Other loans, including deposit overdrafts | — |  |  | — |
Loans, gross | 1,527 |  |  | 1,554 |
Less allowance for loan losses | — |  |  | — |
Loans, net | $ | 1,527 |  |  | 1,554 |
Acquired from Columbus First Bancorp, Inc. |  |  |
Commercial & industrial | $ | 365 |  |  | 406 |
Commercial, secured by real estate | 2,522 |  |  | 2,554 |
Residential real estate | 1,376 |  |  | 1,376 |
Other loans, including deposit overdrafts | — |  |  | — |
Loans, gross | 4,263 |  |  | 4,336 |
Less allowance for loan losses | 7 |  |  | — |
Loans, net | $ | 4,256 |  |  | 4,336 |
Total |  |  |
Commercial & industrial | $ | 605 |  |  | 922 |
Commercial, secured by real estate | 6,219 |  |  | 6,315 |
Residential real estate | 3,193 |  |  | 3,229 |
Other loans, including deposit overdrafts | 344 |  |  | 336 |
Loans, gross | 10,361 |  |  | 10,802 |
Less allowance for loan losses | 7 |  |  | — |
Loans, net | $ | 10,354 |  |  | 10,802 |
The following table provides the outstanding balance and related carrying amount for acquired credit impaired loans at the dates indicated (in thousands):
| March 31, 2019 |  | December 31, 2018
Outstanding balance | $ | 12,860 |  |  | 13,371 |
Carrying amount | 10,354 |  |  | 10,802 |
Activity during the three months ended March 31, 2019 and 2018 for the accretable discount related to acquired credit impaired loans is as follows (in thousands):
|  | Three Months Ended March 31,
|  | 2019 |  | 2018
Accretable discount at beginning of period |  | 743 |  |  | 669 |
Accretable discount acquired during period |  | — |  |  | — |
Reclassification from nonaccretable discount to accretable discount |  | — |  |  | — |
Disposals |  | 1 |  |  | — |
Accretion |  | (25 | ) |  | (34 | )
Accretable discount at end of period |  | 719 |  |  | 635 |

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- Definition The entire disclosure for certain contractual rights to receive money on demand or on fixed or determinable dates with evidence of deterioration of credit quality since origination that were acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=2196854 + Details
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- References No definition available. + Details
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