XML 25 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8

Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2013

Loans and Allowance for Loan Losses

Summary of loans, by major class within the Company's loan portfolio

		September 30,			December 31,
(in thousands)		2013			2012
Commercial, financial, and agricultural		$	132,923		$	130,040
Real estate construction - residential		23,664			22,177
Real estate construction - commercial		48,489			43,486
Real estate mortgage - residential		220,174			221,223
Real estate mortgage - commercial		375,876			405,092
Installment and other consumer		21,916			24,966
Total loans		$	823,042		$	846,984

Summary of the allowance for loan losses

		Three Months Ended September 30, 2013
		Commercial,			Real Estate			Real Estate			Real Estate			Real Estate			Installment
		Financial, &			Construction -			Construction -			Mortgage -			Mortgage -			Loans to			Un-
(in thousands)		Agricultural			Residential			Commercial			Residential			Commercial			Individuals			allocated			Total
Balance at beginning of period		$	2,119		$	932		$	2,202		$	2,456		$	7,415		$	233		$	1		$	15,358
Additions:
Provision for loan losses		444			32			(216		)	4			(294		)	25			5			0
Deductions:
Loans charged off		654			0			135			368			178			91			0			1,426
Less recoveries on loans		(201		)	0			0			(39		)	(34		)	(48		)	0			(322		)
Net loans charged off		453			0			135			329			144			43			0			1,104
Balance at end of period		$	2,110		$	964		$	1,851		$	2,131		$	6,977		$	215		$	6		$	14,254

		Nine Months Ended September 30, 2013
		Commercial,			Real Estate			Real Estate			Real Estate			Real Estate			Installment
		Financial, &			Construction -			Construction -			Mortgage -			Mortgage -			Loans to			Un-
(in thousands)		Agricultural			Residential			Commercial			Residential			Commercial			Individuals			allocated			Total
Balance at beginning of period		$	1,937		$	732		$	1,711		$	3,387		$	6,834		$	239		$	2		$	14,842
Additions:
Provision for loan losses		725			351			273			(586		)	1,142			91			4			2,000
Deductions:
Loans charged off		817			119			135			754			1,205			271			0			3,301
Less recoveries on loans		(265		)	0			(2		)	(84		)	(206		)	(156		)	0			(713		)
Net loans charged off		552			119			133			670			999			115			0			2,588
Balance at end of period		$	2,110		$	964		$	1,851		$	2,131		$	6,977		$	215		$	6		$	14,254

		Three Months Ended September 30, 2012
		Commercial,			Real Estate			Real Estate			Real Estate			Real Estate			Installment
		Financial, &			Construction -			Construction -			Mortgage -			Mortgage -			Loans to			Un-
(in thousands)		Agricultural			Residential			Commercial			Residential			Commercial			Individuals			allocated			Total
Balance at beginning of period		$	3,045		$	709		$	1,644		$	3,560		$	6,107		$	232		$	17		$	15,314
Additions:
Provision for loan losses		1,239			(68		)	90			118			3,241			91			(11		)	4,700
Deductions:
Loans charged off		742			0			0			41			2,366			154			0			3,303
Less recoveries on loans		(18		)	0			0			(19		)	(96		)	(76		)	0			(209		)
Net loans charged off		724			0			0			22			2,270			78			0			3,094
Balance at end of period		$	3,560		$	641		$	1,734		$	3,656		$	7,078		$	245		$	6		$	16,920

		Nine Months Ended September 30, 2012
		Commercial,			Real Estate			Real Estate			Real Estate			Real Estate			Installment
		Financial, &			Construction -			Construction -			Mortgage -			Mortgage -			Loans to			Un-
(in thousands)		Agricultural			Residential			Commercial			Residential			Commercial			Individuals			allocated			Total
Balance at beginning of period		$	1,804		$	1,188		$	1,562		$	3,251		$	5,734		$	267		$	3		$	13,809
Additions:
Provision for loan losses		2,469			(614		)	149			913			4,793			187			3			7,900
Deductions:
Loans charged off		846			0			0			618			3,666			425			0			5,555
Less recoveries on loans		(133		)	(67		)	(23		)	(110		)	(217		)	(216		)	0			(766		)
Net loans charged off		713			(67		)	(23		)	508			3,449			209			0			4,789
Balance at end of period		$	3,560		$	641		$	1,734		$	3,656		$	7,078		$	245		$	6		$	16,920

The following table provides the balance in the allowance for loan losses at September 30, 2013 and December 31, 2012, and the related loan balance by impairment methodology.

		Commercial,			Real Estate			Real Estate			Real Estate			Real Estate			Installment
		Financial, and			Construction -			Construction -			Mortgage -			Mortgage -			Loans to			Un -
(in thousands)		Agricultural			Residential			Commercial			Residential			Commercial			Individuals			allocated			Total
September 30, 2013
Allowance for loan losses:
Individually evaluated for impairment		$	576		$	248		$	250		$	719		$	2,782		$	6		$	0		$	4,581
Collectively evaluated for impairment		1,534			716			1,601			1,412			4,195			209			6			9,673
Total		$	2,110		$	964		$	1,851		$	2,131		$	6,977		$	215		$	6		$	14,254
Loans outstanding:
Individually evaluated for impairment		$	4,392		$	2,254		$	7,101		$	5,217		$	16,948		$	44		$	0		$	35,956
Collectively evaluated for impairment		128,531			21,410			41,388			214,957			358,928			21,872			0			787,086
Total		$	132,923		$	23,664		$	48,489		$	220,174		$	375,876		$	21,916		$	0		$	823,042
December 31, 2012
Allowance for loan losses:
Individually evaluated for impairment		$	213		$	125		$	542		$	1,069		$	2,071		$	0		$	0		$	4,020
Collectively evaluated for impairment		1,724			607			1,169			2,318			4,763			239			2			10,822
Total		$	1,937		$	732		$	1,711		$	3,387		$	6,834		$	239		$	2		$	14,842
Loans outstanding:
Individually evaluated for impairment		$	4,157		$	2,496		$	7,762		$	5,771		$	18,959		$	44		$	0		$	39,189
Collectively evaluated for impairment		125,883			19,681			35,724			215,452			386,133			24,922			0			807,795
Total		$	130,040		$	22,177		$	43,486		$	221,223		$	405,092		$	24,966		$	0		$	846,984

Schedule of impaired loans

		September 30,			December 31,
(in thousands)		2013			2012
Non-accrual loans		$	28,610		$	31,081
Troubled debt restructurings continuing to accrue interest		7,566			8,282
Total impaired loans		$	36,176		$	39,363

The following tables provide additional information about impaired loans at September 30, 2013 and December 31, 2012, respectively, segregated between loans for which an allowance has been provided and loans for which no allowance has been provided.

					Unpaid
		Recorded			Principal			Specific
(in thousands)		Investment			Balance			Reserves
September 30, 2013
With no related allowance recorded:
Commercial, financial and agricultural		$	2,501		$	2,581		$	0
Real estate - construction residential		104			139			0
Real estate - construction commercial		2,861			3,459			0
Real estate - residential		2,419			3,214			0
Real estate - commercial		4,084			4,344			0
Consumer		220			238			0
Total		$	12,189		$	13,975		$	0
With an allowance recorded:
Commercial, financial and agricultural		$	1,891		$	1,984		$	576
Real estate - construction residential		2,150			2,272			248
Real estate - construction commercial		4,240			4,240			250
Real estate - residential		2,798			2,931			719
Real estate - commercial		12,864			13,772			2,782
Consumer		44			44			6
Total		$	23,987		$	25,243		$	4,581
Total impaired loans		$	36,176		$	39,218		$	4,581

					Unpaid
		Recorded			Principal			Specific
(in thousands)		Investment			Balance			Reserves
December 31, 2012
With no related allowance recorded:
Commercial, financial and agricultural		$	3,272		$	4,009		$	0
Real estate - construction residential		2,307			2,339			0
Real estate - construction commercial		1,879			2,102			0
Real estate - residential		1,939			2,393			0
Real estate - commercial		5,162			5,565			0
Consumer		174			186			0
Total		$	14,733		$	16,594		$	0
With an allowance recorded:
Commercial, financial and agricultural		$	885		$	898		$	213
Real estate - construction residential		189			189			125
Real estate - construction commercial		5,883			6,011			542
Real estate - residential		3,832			3,999			1,069
Real estate - commercial		13,797			14,167			2,071
Consumer		44			44			0
Total		$	24,630		$	25,308		$	4,020
Total impaired loans		$	39,363		$	41,902		$	4,020

The following table presents by class, information related to the average recorded investment and interest income recognized on impaired loans for the three and nine months ended September 30, 2013 and 2012.

		Three Months Ended												Nine Months Ended
		September 30,												September 30,
		2013						2012						2013						2012
					Interest						Interest						Interest						Interest
					Recognized						Recognized						Recognized						Recognized
		Average			For the			Average			For the			Average			For the			Average			For the
		Recorded			Period			Recorded			Period			Recorded			Period			Recorded			Period
(in thousands)		Investment			Ended			Investment			Ended			Investment			Ended			Investment			Ended
With no related allowance recorded:
Commercial, financial and agricultural		$	2,598		$	22		$	3,074		$	23		$	2,643		$	71		$	3,315		$	66
Real estate - construction residential		139			0			1,589			0			242			0			737			7
Real estate - construction commercial		3,459			0			1,879			0			3,803			0			1,653			0
Real estate - residential		3,168			10			2,299			5			3,179			10			3,333			47
Real estate - commercial		4,346			29			3,598			28			4,348			86			10,582			87
Consumer		202			0			181			0			212			1			162			1
Total		$	13,912		$	61		$	12,620		$	56		$	14,427		$	168		$	19,782		$	208
With an allowance recorded:
Commercial, financial and agricultural		$	1,996		$	7		$	2,890		$	7		$	2,031		$	34		$	2,615		$	21
Real estate - construction residential		2,272			0			189			0			2,273			0			189			0
Real estate - construction commercial		4,240			0			6,192			0			4,240			0			6,180			0
Real estate - residential		2,920			2			3,037			4			2,947			38			2,566			11
Real estate - commercial		13,210			35			15,072			2			13,524			106			14,209			1
Consumer		44			0			0			0			44			0			0			0
Total		$	24,682		$	44		$	27,380		$	13		$	25,059		$	178		$	25,759		$	33
Total impaired loans		$	38,594		$	105		$	40,000		$	69		$	39,486		$	346		$	45,541		$	241

Schedule of aging information for the Company's past due and non-accrual loans

		Current or						90 Days
		Less Than						Past Due
		30 Days			30 - 89 Days			And Still
(in thousands)		Past Due			Past Due			Accruing			Non-Accrual			Total
September 30, 2013
Commercial, Financial, and Agricultural		$	130,695		$	185		$	15		$	2,028		$	132,923
Real Estate Construction - Residential		21,249			160			0			2,255			23,664
Real Estate Construction - Commercial		41,388			0			0			7,101			48,489
Real Estate Mortgage - Residential		213,627			1,798			377			4,372			220,174
Real Estate Mortgage - Commercial		362,293			992			0			12,591			375,876
Installment and Other Consumer		21,378			261			14			263			21,916
Total		$	790,630		$	3,396		$	406		$	28,610		$	823,042
December 31, 2012
Commercial, Financial, and Agricultural		$	126,884		$	1,821		$	0		$	1,335		$	130,040
Real Estate Construction - Residential		19,390			290			0			2,497			22,177
Real Estate Construction - Commercial		35,117			607			0			7,762			43,486
Real Estate Mortgage - Residential		213,694			2,199			0			5,330			221,223
Real Estate Mortgage - Commercial		390,032			1,122			0			13,938			405,092
Installment and Other Consumer		24,221			520			6			219			24,966
Total		$	809,338		$	6,559		$	6		$	31,081		$	846,984

Schedule of risk categories by class

(in thousands)		Commercial, Financial, & Agricultural			Real Estate Construction -  Residential			Real Estate Construction -  Commercial			Real Estate Mortgage -  Residential			Real Estate Mortgage -  Commercial			Installment and other Consumer			Total
At September 30, 2013
Watch		$	14,825		$	933		$	3,763		$	23,272		$	24,985		$	399		$	68,177
Substandard		8,506			2,564			1,082			7,794			13,885			416			34,247
Non-accrual		2,028			2,255			7,101			4,372			12,591			263			28,610
Total		$	25,359		$	5,752		$	11,946		$	35,438		$	51,461		$	1,078		$	131,034
At December 31, 2012
Watch		$	14,814		$	4,580		$	6,459		$	26,063		$	29,753		$	672		$	82,341
Substandard		6,485			396			2,035			5,472			11,027			423			25,838
Non-accrual		1,335			2,497			7,762			5,330			13,938			219			31,081
Total		$	22,634		$	7,473		$	16,256		$	36,865		$	54,718		$	1,314		$	139,260

Summary of loans that were modified as TDRs

		Three Months Ended September 30,
		2013								2012
		Recorded Investment (1)								Recorded Investment (1)
(in thousands)		Number of Contracts		Pre-  Modification			Post-  Modification			Number of Contracts		Pre-  Modification			Post-  Modification
Troubled Debt Restructurings
Commercial, financial and agricultural		0		$	0		$	0		2		$	100		$	100
Real estate construction - commercial		0		0			0			0		0			0
Real estate mortgage - residential		0		0			0			2		644			644
Total		0		$	0		$	0		4		$	744		$	744

		Nine Months Ended September 30,
		2013								2012
		Recorded Investment (1)								Recorded Investment (1)
(in thousands)		Number of Contracts		Pre-  Modification			Post-  Modification			Number of Contracts		Pre-  Modification			Post-  Modification
Troubled Debt Restructurings
Commercial, financial and agricultural		0		$	0		$	0		3		$	297		$	280
Real estate construction - commercial		0		0			0			1		43			42
Real estate mortgage - residential		1		618			481			2		644			644
Total		1		$	618		$	481		6		$	984		$	966

(1) The amounts reported post-modification are inclusive of all partial pay-downs and charge-offs, and no portion of the debt was forgiven. Loans modified as a TDR that were fully paid down, charged-off or foreclosed upon during the period ended are not reported.

X

- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 11B

-URI http://asc.fasb.org/extlink&oid=28368275&loc=SL6953423-111524

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 29

-URI http://asc.fasb.org/extlink&oid=28368275&loc=SL6953659-111524



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 55

-Paragraph 19

-URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525

+ Details

Name:	us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of impaired financing receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=28368275&loc=d3e5212-111524

+ Details

Name:	us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_LoansAndLeasesReceivableDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 7

-URI http://asc.fasb.org/extlink&oid=28368275&loc=d3e5111-111524



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 7A

-URI http://asc.fasb.org/extlink&oid=28368275&loc=SL6953401-111524

+ Details

Name:	us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.3,4)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 3, 4

-Article 5

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables and troubled debt restructurings.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 34

-URI http://asc.fasb.org/extlink&oid=28368275&loc=SL6953682-111524



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 33

-URI http://asc.fasb.org/extlink&oid=28368275&loc=SL6953676-111524

+ Details

Name:	us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration