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Loans and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2015

Loans and Leases Receivable Disclosure [Abstract]

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

		March 31,				December 31,
(in thousands)		2015				2014
Commercial, financial, and agricultural		$	152,496			$	154,834
Real estate construction - residential			15,557				18,103
Real estate construction - commercial			48,337				48,822
Real estate mortgage - residential			249,956				247,117
Real estate mortgage - commercial			376,566				372,321
Installment and other consumer			20,255				20,016
Total loans		$	863,167			$	861,213

Summary of the allowance for loan losses

		Three Months Ended March 31, 2015
		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		$	1,779			$	171			$	466			$	2,527			$	3,846			$	270			$	40			$	9,099
Additions:
Provision for loan losses			(185	)			(300	)			(92	)			241				259				(67	)			144				0
Deductions:
Loans charged off			28				0				0				71				24				48				0				171
Less recoveries on loans			(575	)			(177	)			0				(12	)			(34	)			(35	)			0				(833	)
Net loans charged off			(547	)			(177	)			0				59				(10	)			13				0				(662	)
Balance at end of period		$	2,141			$	48			$	374			$	2,709			$	4,115			$	190			$	184			$	9,761

		Three Months Ended March 31, 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			93				(392	)			333				139				(153	)			(13	)			(7	)			0
Deductions:
Loans charged off			131				60				414				120				367				84				0				1,176
Less recoveries on loans			(116	)			0				0				(112	)			(16	)			(58	)			0				(302	)
Net loans charged off			15				60				414				8				351				26				0				874
Balance at end of period		$	2,452			$	479			$	550			$	3,090			$	6,019			$	255			$	0			$	12,845

		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
March 31, 2015
Allowance for loan losses:
Individually evaluated for impairment		$	667			$	0			$	0			$	1,284			$	462			$	27			$	0			$	2,440
Collectively evaluated for impairment			1,474				48				374				1,425				3,653				163				184				7,321
Total		$	2,141			$	48			$	374			$	2,709			$	4,115			$	190			$	184			$	9,761
Loans outstanding:
Individually evaluated for impairment		$	7,116			$	1,743			$	2,096			$	7,070			$	10,263			$	218			$	0			$	28,506
Collectively evaluated for impairment			145,380				13,814				46,241				242,886				366,303				20,037				0				834,661
Total		$	152,496			$	15,557			$	48,337			$	249,956			$	376,566			$	20,255			$	0			$	863,167
December 31, 2014
Allowance for loan losses:
Individually evaluated for impairment		$	134			$	0			$	0			$	1,343			$	246			$	26			$	0			$	1,749
Collectively evaluated for impairment			1,645				171				466				1,184				3,600				244				40				7,350
Total		$	1,779			$	171			$	466			$	2,527			$	3,846			$	270			$	40			$	9,099
Loans outstanding:
Individually evaluated for impairment		$	7,541			$	1,750			$	2,096			$	7,878			$	16,464			$	234			$	0			$	35,963
Collectively evaluated for impairment			147,293				16,353				46,726				239,239				355,857				19,782				0				825,250
Total		$	154,834			$	18,103			$	48,822			$	247,117			$	372,321			$	20,016			$	0			$	861,213

Schedule of impaired loans

		March 31,				December 31,
(in thousands)		2015				2014
Non-accrual loans		$	17,152			$	18,243
Troubled debt restructurings continuing to accrue interest			11,354				17,720
Total impaired loans		$	28,506			$	35,963

						Unpaid
		Recorded				Principal				Specific
(in thousands)		Investment				Balance				Reserves
March 31, 2015
With no related allowance recorded:
Commercial, financial and agricultural		$	5,319			$	5,531			$	0
Real estate - construction residential			1,743				2,143				0
Real estate - construction commercial			2,096				2,319				0
Real estate - residential			2,617				3,057				0
Real estate - commercial			8,983				11,119
Consumer			17				17				0
Total		$	20,775			$	24,186			$	0
With an allowance recorded:
Commercial, financial and agricultural		$	1,797			$	1,798			$	667
Real estate - construction residential			0				0				0
Real estate - construction commercial			0				0				0
Real estate - residential			4,453				4,516				1,284
Real estate - commercial			1,280				1,385				462
Consumer			201				244				27
Total		$	7,731			$	7,943			$	2,440
Total impaired loans		$	28,506			$	32,129			$	2,440

						Unpaid
		Recorded				Principal				Specific
(in thousands)		Investment				Balance				Reserves
December 31, 2014
With no related allowance recorded:
Commercial, financial and agricultural		$	6,021			$	6,232			$	0
Real estate - construction residential			1,750				2,259				0
Real estate - construction commercial			2,096				2,319				0
Real estate - residential			3,213				3,270				0
Real estate - commercial			15,409				18,950				0
Consumer			36				36				0
Total		$	28,525			$	33,066			$	0
With an allowance recorded:
Commercial, financial and agricultural		$	1,520			$	1,528			$	134
Real estate - construction residential			0				0				0
Real estate - construction commercial			0				0				0
Real estate - residential			4,665				3,546				1,343
Real estate - commercial			1,055				1,171				246
Consumer			198				237				26
Total		$	7,438			$	6,482			$	1,749
Total impaired loans		$	35,963			$	39,548			$	1,749

		Three Months Ended March 31,
		2015								2014
						Interest								Interest
		Average				Recognized				Average				Recognized
		Recorded				For the				Recorded				For the
(in thousands)		Investment				Period Ended				Investment				Period Ended
With no related allowance recorded:
Commercial, financial and agricultural		$	5,525			$	20			$	2,496			$	21
Real estate - construction residential			2,143				0				117				0
Real estate - construction commercial			2,319				0				6,998				0
Real estate - residential			3,180				12				2,901				6
Real estate - commercial			10,899				65				11,809				66
Consumer			28				0				25				0
Total		$	24,094			$	97			$	24,346			$	93
With an allowance recorded:
Commercial, financial and agricultural		$	1,798			$	6			$	2,341			$	8
Real estate - construction residential			0				0				2,271				0
Real estate - construction commercial			0				0				105				0
Real estate - residential			4,457				26				5,479				40
Real estate - commercial			1,286				0				4,594				0
Consumer			237				0				343				0
Total		$	7,778			$	32			$	15,133			$	48
Total impaired loans		$	31,872			$	129			$	39,479			$	141

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
March 31, 2015
Commercial, Financial, and Agricultural		$	147,407			$	372			$	37			$	4,680			$	152,496
Real Estate Construction - Residential			13,622				192				0				1,743				15,557
Real Estate Construction - Commercial			46,185				56				0				2,096				48,337
Real Estate Mortgage - Residential			243,279				3,189				14				3,474				249,956
Real Estate Mortgage - Commercial			370,796				238				592				4,940				376,566
Installment and Other Consumer			19,891				143				2				219				20,255
Total		$	841,180			$	4,190			$	645			$	17,152			$	863,167
December 31, 2014
Commercial, Financial, and Agricultural		$	149,366			$	189			$	0			$	5,279			$	154,834
Real Estate Construction - Residential			16,352				0				0				1,751				18,103
Real Estate Construction - Commercial			46,670				0				56				2,096				48,822
Real Estate Mortgage - Residential			239,469				3,229				0				4,419				247,117
Real Estate Mortgage - Commercial			366,653				1,203				0				4,465				372,321
Installment and Other Consumer			19,551				230				2				233				20,016
Total		$	838,061			$	4,851			$	58			$	18,243			$	861,213

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  March 31, 2015
Watch		$	11,290				196			$	4,645			$	26,907			$	23,464			$	205			$	66,707
Substandard			3,359				90				156				6,692				9,139				121				19,557
Non-accrual			4,680				1,743				2,096				3,474				4,940				219				17,152
Total		$	19,329			$	2,029			$	6,897			$	37,073			$	37,543			$	545			$	103,416
At December 31, 2014
Watch		$	13,651			$	1,103			$	4,757			$	27,172			$	18,191			$	199			$	65,073
Substandard			3,188				90				1,211				6,583				16,101				139				27,312
Non-accrual			5,279				1,751				2,096				4,419				4,465				233				18,243
Total		$	22,118			$	2,944			$	8,064			$	38,174			$	38,757			$	571			$	110,628

Summary of loans that were modified as TDRs

		Three Months Ended March 31,
		2015												2014
		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			$	250			$	250				2			$	244			$	244
Real estate mortgage - residential			2				144				144				1				1,256				1,185
Real estate mortgage - commercial			3				473				473				0				0				0
Total			8			$	867			$	867				3			$	1,500			$	1,429

(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.

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- 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.

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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.

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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.

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