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Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2015

Loans and Leases Receivable Disclosure [Abstract]

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

		September 30,				December 31,
(in thousands)		2015				2014
Commercial, financial, and agricultural		$	173,485			$	154,834
Real estate construction - residential			13,531				18,103
Real estate construction - commercial			32,560				48,822
Real estate mortgage - residential			249,512				247,117
Real estate mortgage - commercial			388,220				372,321
Installment and other consumer			22,166				20,016
Total loans		$	879,474			$	861,213

Summary of the allowance for loan losses

		Three Months Ended September 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		$	3,124			$	17			$	414			$	2,332			$	3,870			$	185			$	44			$	9,986
Additions:
Provision for loan losses			439				(27	)			137				(233	)			(503	)			66				121				0
Deductions:
Loans charged off			591				0				0				87				126				80				0				884
Less recoveries on loans			(28	)			(28	)			0				(45	)			(5	)			(38	)			0				(144	)
Net loans charged off			563				(28	)			0				42				121				42				0				740
Balance at end of period		$	3,000			$	18			$	551			$	2,057			$	3,246			$	209			$	165			$	9,246

		Nine Months Ended September 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			1,319				(475	)			90				(277	)			(598	)			66				125				250
Deductions:
Loans charged off			741				0				5				298				159				241				0				1,444
Less recoveries on loans			(643	)			(322	)			0				(105	)			(157	)			(114	)			0				(1,341	)
Net loans (recovered) charged off			98				(322	)			5				193				2				127				0				103
Balance at end of period		$	3,000			$	18			$	551			$	2,057			$	3,246			$	209			$	165			$	9,246

		Three Months Ended September 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		$	1,943			$	473			$	618			$	2,405			$	6,428			$	274			$	9			$	12,150
Additions:
Provision for loan losses			(188	)			(94	)			(96	)			313				7				38				20				0
Deductions:
Loans charged off			105				0				0				41				80				71				0				297
Less recoveries on loans			(55	)			0				0				(26	)			(67	)			(32	)			0				(180	)
Net loans charged off			50				0				0				15				13				39				0				117
Balance at end of period		$	1,705			$	379			$	522			$	2,703			$	6,422			$	273			$	29			$	12,033

		Nine Months Ended September 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			(660	)			(553	)			382				(171	)			891				89				22				0
Deductions:
Loans charged off			291				59				491				236				1,152				270				0				2,499
Less recoveries on loans			(282	)			(60	)			0				(151	)			(160	)			(160	)			0				(813	)
Net loans charged off			9				(1	)			491				85				992				110				0				1,686
Balance at end of period		$	1,705			$	379			$	522			$	2,703			$	6,422			$	273			$	29			$	12,033

		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, 2015
Allowance for loan losses:
Individually evaluated for impairment		$	305			$	0			$	8			$	1,178			$	459			$	20			$	0			$	1,970
Collectively evaluated for impairment			2,695				18				543				879				2,787				189				165				7,276
Total		$	3,000			$	18			$	551			$	2,057			$	3,246			$	209			$	165			$	9,246
Loans outstanding:
Individually evaluated for impairment		$	3,643			$	0			$	54			$	6,891			$	3,481			$	141			$	0			$	14,210
Collectively evaluated for impairment			169,842				13,531				32,506				242,621				384,739				22,025				0				865,264
Total		$	173,485			$	13,531			$	32,560			$	249,512			$	388,220			$	22,166			$	0			$	879,474
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

		September 30,				December 31,
(in thousands)		2015				2014
Non-accrual loans		$	8,957			$	18,243
Troubled debt restructurings continuing to accrue interest			5,253				17,720
Total impaired loans		$	14,210			$	35,963

						Unpaid
		Recorded				Principal				Specific
(in thousands)		Investment				Balance				Reserves
September 30, 2015
With no related allowance recorded:
Commercial, financial and agricultural		$	2,877			$	3,403			$	0
Real estate - construction residential			0				0				0
Real estate - construction commercial			0				0				0
Real estate - residential			2,095				2,532				0
Real estate - commercial			2,450				2,579				0
Total		$	7,422			$	8,514			$	0
With an allowance recorded:
Commercial, financial and agricultural		$	766			$	778			$	305
Real estate - construction commercial			54				56				8
Real estate - residential			4,796				4,928				1,178
Real estate - commercial			1,031				1,315				459
Consumer			141				176				20
Total		$	6,788			$	7,253			$	1,970
Total impaired loans		$	14,210			$	15,767			$	1,970

						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 September 30,																Nine Months Ended September 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		$	3,416			$	6			$	2,618			$	22			$	4,033			$	33			$	2,592			$	69
Real estate - construction residential			0				0				16				2				1,101				0				65				2
Real estate - construction commercial			0				0				6,524				0				2,002				0				6,737				0
Real estate - residential			2,326				5				3,941				26				2,924				26				3,374				40
Real estate - commercial			2,958				17				12,578				84				8,978				103				12,334				255
Consumer			0				0				0				0				10				1				11				0
Total		$	8,700			$	28			$	25,677			$	134			$	19,048			$	163			$	25,113			$	366
With an allowance recorded:
Commercial, financial and agricultural		$	787			$	5			$	1,940			$	4			$	1,389			$	18			$	2,128			$	19
Real estate - construction residential			0				0				2,260				0				0				0				2,263				0
Real estate - construction commercial			55				0				0				0				28				0				56				93
Real estate - residential			4,850				30				5,458				0				4,713				80				5,384				11
Real estate - commercial			1,228				0				4,587				28				1,216				0				4,695				0
Consumer			162				0				310				11				209				0				324				0
Total		$	7,082			$	35			$	14,555			$	43			$	7,555			$	98			$	14,850			$	123
Total impaired loans		$	15,782			$	63			$	40,232			$	177			$	26,603			$	261			$	39,963			$	489

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, 2015
Commercial, Financial, and Agricultural		$	170,230			$	424			$	0			$	2,831			$	173,485
Real Estate Construction - Residential			13,459				72				0				0				13,531
Real Estate Construction - Commercial			32,447				59				0				54				32,560
Real Estate Mortgage - Residential			244,144				1,431				348				3,589				249,512
Real Estate Mortgage - Commercial			385,253				625				0				2,342				388,220
Installment and Other Consumer			21,794				230				1				141				22,166
Total		$	867,327			$	2,841			$	349			$	8,957			$	879,474
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 September 30, 2015
Watch		$	12,500				1,249			$	1,146			$	27,451			$	28,987			$	193			$	71,526
Substandard			332				0				98				2,841				2,577				38				5,886
Performing TDRs			812				0				0				3,302				1,139				0				5,253
Non-accrual			2,831				0				54				3,589				2,342				141				8,957
Total		$	16,475			$	1,249			$	1,298			$	37,183			$	35,045			$	372			$	91,622
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

		Nine Months Ended September 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			$	225
Real estate mortgage - residential			3				510				352				1				1,256				1,171
Real estate mortgage - commercial			4				1,273				1,263				0				0				0
Total			10			$	2,033			$	1,855				4			$	1,500			$	1,396

(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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-Publisher FASB



-Name Accounting Standards Codification



-Topic 310



-SubTopic 10



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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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-Publisher FASB



-Name Accounting Standards Codification



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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



-Topic 310



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-Section 50



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Tabular disclosure of financing receivables and troubled debt restructurings.

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