XML 26 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8

Loans and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2014

Loans and Leases Receivable Disclosure [Abstract]

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

		June 30,				December 31,
(in thousands)		2014				2013
Commercial, financial, and agricultural		$	136,772			$	133,717
Real estate construction - residential			23,608				21,008
Real estate construction – commercial			63,298				55,076
Real estate mortgage - residential			233,671				225,541
Real estate mortgage - commercial			381,024				382,550
Installment and other consumer			19,088				21,655
Total loans		$	857,461			$	839,547

Summary of the allowance for loan losses

		Three Months Ended June 30, 2014
		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		$	2,452			$	479			$	550			$	3,090			$	6,019			$	255			$	0			$	12,845
Additions:
Provision for loan losses			(566	)			(65	)			145				(624	)			1,037				64				9				0
Deductions:
Loans charged off			54				0				77				75				705				114				0				1,025
Less recoveries on loans			(111	)			(59	)			0				(14	)			(77	)			(69	)			0				(330	)
Net loans charged off			(57	)			(59	)			77				61				628				45				0				695
Balance at end of period		$	1,943			$	473			$	618			$	2,405			$	6,428			$	274			$	9			$	12,150

		Six Months Ended June 30, 2014
		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		$	2,374			$	931			$	631			$	2,959			$	6,523			$	294			$	7			$	13,719
Additions:
Provision for loan losses			(472	)			(458	)			478				(486	)			885				51				2				0
Deductions:
Loans charged off			186				60				491				194				1,073				198				0				2,202
Less recoveries on loans			(227	)			(60	)			0				(126	)			(93	)			(127	)			0				(633	)
Net loans charged off			(41	)			0				491				68				980				71				0				1,569
Balance at end of period		$	1,943			$	473			$	618			$	2,405			$	6,428			$	274			$	9			$	12,150

		Three Months Ended June 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		$	1,828			$	899			$	1,811			$	2,921			$	6,840			$	243			$	3			$	14,545
Additions:
Provision for loan losses			370				33				389				(399	)			591				18				(2	)			1,000
Deductions:
Loans charged off			101				0				0				95				28				70				0				294
Less recoveries on loans			(22	)			0				(2	)			(29	)			(12	)			(42	)			0				(107	)
Net loans charged off			79				0				(2	)			66				16				28				0				187
Balance at end of period		$	2,119			$	932			$	2,202			$	2,456			$	7,415			$	233			$	1			$	15,358

		Six Months Ended June 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			279				320				489				(588	)			1,436				65				(1	)			2,000
Deductions:
Loans charged off			162				120				0				387				1,027				179				0				1,875
Less recoveries on loans			(65	)			0				(2	)			(44	)			(172	)			(108	)			0				(391	)
Net loans charged off			97				120				(2	)			343				855				71				0				1,484
Balance at end of period		$	2,119			$	932			$	2,202			$	2,456			$	7,415			$	233			$	1			$	15,358

		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
June 30, 2014
Allowance for loan losses:
Individually evaluated for impairment		$	656			$	316			$	21			$	1,353			$	1,894			$	66			$	0			$	4,306
Collectively evaluated for impairment			1,287				157				597				1,052				4,534				208				9				7,844
Total		$	1,943			$	473			$	618			$	2,405			$	6,428			$	274			$	9			$	12,150
Loans outstanding:
Individually evaluated for impairment		$	4,500			$	2,088			$	5,832			$	7,875			$	16,217			$	287			$	0			$	36,799
Collectively evaluated for impairment			132,272				21,520				57,466				225,796				364,807				18,801				0				820,662
Total		$	136,772			$	23,608			$	63,298			$	233,671			$	381,024			$	19,088			$	0			$	857,461
December 31, 2013
Allowance for loan losses:
Individually evaluated for impairment		$	721			$	392			$	304			$	1,374			$	1,989			$	16			$	0			$	4,796
Collectively evaluated for impairment			1,653				539				327				1,585				4,534				278				7				8,923
Total		$	2,374			$	931			$	631			$	2,959			$	6,523			$	294			$	7			$	13,719
Loans outstanding:
Individually evaluated for impairment		$	4,015			$	2,204			$	6,615			$	6,517			$	15,422			$	43			$	0			$	34,816
Collectively evaluated for impairment			129,702				18,804				48,461				219,024				367,128				21,612				0				804,731
Total		$	133,717			$	21,008			$	55,076			$	225,541			$	382,550			$	21,655			$	0			$	839,547

Schedule of impaired loans

		June 30,				December 31,
(in thousands)		2014				2013
Non-accrual loans		$	25,685			$	23,680
Troubled debt restructurings continuing to accrue interest			11,114				11,395
Total impaired loans		$	36,799			$	35,075

						Unpaid
		Recorded				Principal				Specific
(in thousands)		Investment				Balance				Reserves
June 30, 2014
With no related allowance recorded:
Commercial, financial and agricultural		$	2,432			$	2,557			$	0
Real estate - construction residential			23				57				0
Real estate - construction commercial			5,772				6,524				0
Real estate - residential			2,824				3,242				0
Real estate - commercial			11,350				12,613				0
Total		$	22,401			$	24,993			$	0
With an allowance recorded:
Commercial, financial and agricultural		$	2,068			$	2,124			$	656
Real estate - construction residential			2,065				2,260				316
Real estate - construction commercial			60				62				21
Real estate - residential			5,051				5,196				1,353
Real estate - commercial			4,867				5,062				1,894
Consumer			287				321				66
Total		$	14,398			$	15,025			$	4,306
Total impaired loans		$	36,799			$	40,018			$	4,306

						Unpaid
		Recorded				Principal				Specific
(in thousands)		Investment				Balance				Reserves
December 31, 2013
With no related allowance recorded:
Commercial, financial and agricultural		$	2,467			$	2,593			$	0
Real estate - construction residential			44				80				0
Real estate - construction commercial			6,101				7,148				0
Real estate - residential			2,121				2,654				0
Real estate - commercial			7,817				8,056				0
Consumer			259				282				0
Total		$	18,809			$	20,813			$	0
With an allowance recorded:
Commercial, financial and agricultural		$	1,548			$	1,607			$	721
Real estate - construction residential			2,160				2,331				392
Real estate - construction commercial			514				514				304
Real estate - residential			4,396				4,570				1,374
Real estate - commercial			7,605				7,925				1,989
Consumer			43				45				16
Total		$	16,266			$	16,992			$	4,796
Total impaired loans		$	35,075			$	37,805			$	4,796

		Three Months Ended June 30,																Six Months Ended June 30,
		2014								2013								2014								2013
						Interest								Interest								Interest								Interest
		Average				Recognized				Average				Recognized				Average				Recognized				Average				Recognized
		Recorded				For the				Recorded				For the				Recorded				For the				Recorded				For the
(in thousands)		Investment				Period Ended				Investment				Period Ended				Investment				Period Ended				Investment				Period Ended
With no related allowance recorded:
Commercial, financial and agricultural		$	2,663			$	26			$	2,434			$	23			$	2,579			$	47			$	2,449			$	47
Real estate - construction residential			64				0				216				0				90				0				293				0
Real estate - construction commercial			6,688				0				3,227				0				6,844				0				3,242				1
Real estate - residential			3,281				8				2,084				0				3,091				14				2,087				0
Real estate - commercial			12,614				106				3,628				28				12,212				172				3,701				57
Consumer			8				0				248				1				16				0				254				2
Total		$	25,318			$	140			$	11,837			$	52			$	24,832			$	233			$	12,026			$	107
With an allowance recorded:
Commercial, financial and agricultural		$	2,103			$	7			$	2,042			$	20			$	2,222			$	15			$	2,049			$	32
Real estate - construction residential			2,260				0				2,273				0				2,265				0				2,273				0
Real estate - construction commercial			62				0				5,327				0				84				0				5,558				0
Real estate - residential			5,215				25				4,331				16				5,347				65				4,354				39
Real estate - commercial			4,904				0				16,143				46				4,749				0				16,506				96
Consumer			318				0				44				0				330				0				44				0
Total		$	14,862			$	32			$	30,160			$	82			$	14,997			$	80			$	30,784			$	167
Total impaired loans		$	40,180			$	172			$	41,997			$	134			$	39,829			$	313			$	42,810			$	274

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
June 30, 2014
Commercial, Financial, and Agricultural		$	133,981			$	440			$	79			$	2,272			$	136,772
Real Estate Construction - Residential			21,015				439				66				2,088				23,608
Real Estate Construction - Commercial			57,327				83				56				5,832				63,298
Real Estate Mortgage - Residential			226,321				2,606				355				4,389				233,671
Real Estate Mortgage - Commercial			368,599				1,608				0				10,817				381,024
Installment and Other Consumer			18,607				194				0				287				19,088
Total		$	825,850			$	5,370			$	556			$	25,685			$	857,461
December 31, 2013
Commercial, Financial, and Agricultural		$	131,091			$	942			$	0			$	1,684			$	133,717
Real Estate Construction - Residential			18,738				66				0				2,204				21,008
Real Estate Construction - Commercial			48,230				595				0				6,251				55,076
Real Estate Mortgage - Residential			217,179				4,068				129				4,165				225,541
Real Estate Mortgage - Commercial			372,651				725				100				9,074				382,550
Installment and Other Consumer			21,048				291				14				302				21,655
Total		$	808,937			$	6,687			$	243			$	23,680			$	839,547

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 June 30, 2014
Watch		$	17,633				1,178			$	5,437			$	27,151			$	22,844			$	250			$	74,493
Substandard			5,546				91				1,020				9,226				10,850				194				26,927
Non-accrual			2,272				2,088				5,832				4,389				10,817				287				25,685
Total		$	25,451			$	3,357			$	12,289			$	40,766			$	44,511			$	731			$	127,105
At December 31, 2013
Watch		$	15,016			$	2,007			$	6,111			$	26,331			$	23,662			$	388			$	73,515
Substandard			7,553				92				1,403				8,579				14,510				281				32,418
Non-accrual			1,684				2,204				6,251				4,165				9,074				302				23,680
Total		$	24,253			$	4,303			$	13,765			$	39,075			$	47,246			$	971			$	129,613

Summary of loans that were modified as TDRs

		Three Months Ended June 30,
		2014												2013
		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			1			$	72			$	72				0			$	0			$	0
Total			1			$	72			$	72				0			$	0			$	0

		Six Months Ended June 30,
		2014												2013
		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			3			$	244			$	244				0			$	0			$	0
Real estate mortgage - residential			1				1,256				1,185				1				619				619
Total			4			$	1,500			$	1,429				1			$	619			$	619

(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