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Loans and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2015

Loans and Leases Receivable Disclosure [Abstract]

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

		June 30,				December 31,
(in thousands)		2015				2014
Commercial, financial, and agricultural		$	162,067			$	154,834
Real estate construction - residential			12,088				18,103
Real estate construction - commercial			48,508				48,822
Real estate mortgage - residential			242,095				247,117
Real estate mortgage - commercial			378,398				372,321
Installment and other consumer			20,498				20,016
Total loans		$	863,654			$	861,213

Summary of the allowance for loan losses

		Three Months Ended June 30, 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		$	2,141			$	48			$	374			$	2,709			$	4,115			$	190			$	184			$	9,761
Additions:
Provision for loan losses			1,065				(148	)			45				(284	)			(354	)			66				(140	)			250
Deductions:
Loans charged off			122				0				5				140				8				113				0				388
Less recoveries on loans			(40	)			(117	)			0				(47	)			(117	)			(42	)			0				(363	)
Net loans charged off			82				(117	)			5				93				(109	)			71				0				25
Balance at end of period		$	3,124			$	17			$	414			$	2,332			$	3,870			$	185			$	44			$	9,986

		Six Months Ended June 30, 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			880				(448	)			(47	)			(43	)			(96	)			0				4				250
Deductions:
Loans charged off			150				0				5				211				32				161				0				559
Less recoveries on loans			(615	)			(294	)			0				(59	)			(152	)			(76	)			0				(1,196	)
Net loans (recovered) charged off			(465	)			(294	)			5				152				(120	)			85				0				(637	)
Balance at end of period		$	3,124			$	17			$	414			$	2,332			$	3,870			$	185			$	44			$	9,986

		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

		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, 2015
Allowance for loan losses:
Individually evaluated for impairment		$	902			$	0			$	8			$	1,331			$	467			$	17			$	0			$	2,725
Collectively evaluated for impairment			2,222				17				406				1,001				3,403				168				44				7,261
Total		$	3,124			$	17			$	414			$	2,332			$	3,870			$	185			$	44			$	9,986
Loans outstanding:
Individually evaluated for impairment		$	4,425			$	0			$	1,934			$	6,792			$	4,550			$	124			$	0			$	17,825
Collectively evaluated for impairment			157,642				12,088				46,574				235,303				373,848				20,374				0				845,829
Total		$	162,067			$	12,088			$	48,508			$	242,095			$	378,398			$	20,498			$	0			$	863,654
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

		June 30,				December 31,
(in thousands)		2015				2014
Non-accrual loans		$	11,730			$	18,243
Troubled debt restructurings continuing to accrue interest			6,095				17,720
Total impaired loans		$	17,825			$	35,963

						Unpaid
		Recorded				Principal				Specific
(in thousands)		Investment				Balance				Reserves
June 30, 2015
With no related allowance recorded:
Commercial, financial and agricultural		$	2,322			$	2,358			$	0
Real estate - construction residential			0				0				0
Real estate - construction commercial			1,879				2,101				0
Real estate - residential			1,816				2,243				0
Real estate - commercial			3,472				3,736				0
Total		$	9,489			$	10,438			$	0
With an allowance recorded:
Commercial, financial and agricultural		$	2,103			$	2,258			$	902
Real estate - construction commercial			55				55				8
Real estate - residential			4,976				5,098				1,331
Real estate - commercial			1,078				1,348				467
Consumer			124				157				17
Total		$	8,336			$	8,916			$	2,725
Total impaired loans		$	17,825			$	19,354			$	2,725

						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 June 30,																Six Months Ended June 30,
		2015								2014								2015								2014
						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		$	2,405			$	8			$	2,663			$	26			$	3,834			$	28			$	2,579			$	47
Real estate - construction residential			0				0				64				0				1,105				0				90				0
Real estate - construction commercial			2,101				0				6,688				0				3,633				0				6,844				0
Real estate - residential			2,246				8				3,281				8				3,328				20				3,091				14
Real estate - commercial			4,081				21				12,614				106				11,383				86				12,212				172
Consumer			0				0				8				0				10				1				16				0
Total		$	10,833			$	37			$	25,318			$	140			$	23,293			$	135			$	24,832			$	233
With an allowance recorded:
Commercial, financial and agricultural		$	2,263			$	7			$	2,103			$	7			$	1,677			$	13			$	2,222			$	15
Real estate - construction residential			0				0				2,260				0				565				0				2,265				0
Real estate - construction commercial			55				0				62				0				14				0				84				0
Real estate - residential			5,224				24				5,215				25				4,865				50				5,347				65
Real estate - commercial			1,360				0				4,904				0				2,056				0				4,749				0
Consumer			160				0				318				0				246				0				330				0
Total		$	9,062			$	31			$	14,862			$	32			$	9,423			$	63			$	14,997			$	80
Total impaired loans		$	19,895			$	68			$	40,180			$	172			$	32,716			$	198			$	39,829			$	313

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, 2015
Commercial, Financial, and Agricultural		$	158,166			$	294			$	24			$	3,583			$	162,067
Real Estate Construction - Residential			12,088				0				0				0				12,088
Real Estate Construction - Commercial			46,574				0				0				1,934				48,508
Real Estate Mortgage - Residential			237,316				1,201				208				3,370				242,095
Real Estate Mortgage - Commercial			375,097				582				0				2,719				378,398
Installment and Other Consumer			20,167				207				0				124				20,498
Total		$	849,408			$	2,284			$	232			$	11,730			$	863,654
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 June 30, 2015
Watch		$	13,492				243			$	4,221			$	27,309			$	27,486			$	243			$	72,994
Substandard			299				1,013				99				2,841				2,762				53				7,067
Performing TDRs			842				0				0				3,422				1,831				0				6,095
Non-accrual			3,583				0				1,934				3,370				2,719				124				11,730
Total		$	18,216			$	1,256			$	6,254			$	36,942			$	34,798			$	420			$	97,886
At December 31, 2014
Watch		$	13,651			$	1,103			$	4,757			$	27,172			$	18,191			$	199			$	65,073
Substandard			926				90				1,211				3,124				4,102				139				9,592
Performing TDRs			2,262				0				0				3,459				11,999				0				17,720
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 June 30,
		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			0			$	0			$	0				1			$	72			$	72
Real estate mortgage - residential			1				366				355				0				0				0
Real estate mortgage - commercial			1				800				800				0				0				0
Total			2			$	1,166			$	1,155				1			$	72			$	72

		Six Months Ended June 30,
		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			$	240				3			$	244			$	244
Real estate mortgage - residential			3				510				464				1				1,256				1,185
Real estate mortgage - commercial			4				1,273				1,137				0				0				0
Total			10			$	2,033			$	1,841				4			$	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.

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

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-Publisher FASB



-Name Accounting Standards Codification



-Topic 310



-SubTopic 10



-Section 50



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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 impaired financing receivables.

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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.

+ References

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-Publisher FASB



-Name Accounting Standards Codification



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Tabular disclosure of financing receivables and troubled debt restructurings.

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