XML 35 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2

Loans and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2016

Loans and Leases Receivable Disclosure [Abstract]

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

		June 30,				December 31,
(in thousands)		2016				2015
Commercial, financial, and agricultural		$	160,124			$	149,091
Real estate construction - residential			14,995				16,895
Real estate construction - commercial			46,218				33,943
Real estate mortgage - residential			250,588				256,086
Real estate mortgage - commercial			425,124				385,869
Installment and other consumer			25,893				23,196
Total loans		$	922,942			$	865,080

Schedule of summary of the allowance for loan losses

		Three Months Ended June 30, 2016
		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		$	2,135			$	44			$	687			$	2,273			$	3,190			$	259			$	43			$	8,631
Additions:
Provision for loan losses			817				19				(929	)			186				218				61				53				425
Deductions:
Loans charged off			36				0				0				175				28				67				0				306
Less recoveries on loans			(80	)			0				(491	)			(9	)			(31	)			(31	)			0				(642	)
Net loans charged off			(44	)			0				(491	)			166				(3	)			36				0				(336	)
Balance at end of period		$	2,996			$	63			$	249			$	2,293			$	3,411			$	284			$	96			$	9,392

		Six Months Ended June 30, 2016
		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		$	2,153			$	59			$	644			$	2,439			$	2,935			$	273			$	101			$	8,604
Additions:
Provision for loan losses			804				4				(896	)			218				495				55				(5	)			675
Deductions:
Loans charged off			138				0				1				381				111				123				0				754
Less recoveries on loans			(177	)			0				(502	)			(17	)			(92	)			(79	)			0				(867	)
Net loans charged off			(39	)			0				(501	)			364				19				44				0				(113	)
Balance at end of period		$	2,996			$	63			$	249			$	2,293			$	3,411			$	284			$	96			$	9,392

		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

		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, 2016
Allowance for loan losses:
Individually evaluated for impairment		$	884			$	0			$	8			$	628			$	60			$	14			$	0			$	1,594
Collectively evaluated for impairment			2,112				63				241				1,665				3,351				270				96				7,798
Total		$	2,996			$	63			$	249			$	2,293			$	3,411			$	284			$	96			$	9,392
Loans outstanding:
Individually evaluated for impairment		$	1,903			$	0			$	52			$	5,030			$	2,361			$	99			$	0			$	9,445
Collectively evaluated for impairment			158,221				14,995				46,166				245,558				422,763				25,794				0				913,497
Total		$	160,124			$	14,995			$	46,218			$	250,588			$	425,124			$	25,893			$	0			$	922,942
December 31, 2015
Allowance for loan losses:
Individually evaluated for impairment		$	285			$	0			$	15			$	955			$	266			$	19			$	0			$	1,540
Collectively evaluated for impairment			1,868				59				629				1,484				2,669				254				101				7,064
Total		$	2,153			$	59			$	644			$	2,439			$	2,935			$	273			$	101			$	8,604
Loans outstanding:
Individually evaluated for impairment		$	1,005			$	0			$	102			$	5,936			$	3,081			$	144			$	0			$	10,268
Collectively evaluated for impairment			148,086				16,895				33,841				250,150				382,788				23,052				0				854,812
Total		$	149,091			$	16,895			$	33,943			$	256,086			$	385,869			$	23,196			$	0			$	865,080

Schedule of impaired loans

		June 30,				December 31,
(in thousands)		2016				2015
Non-accrual loans		$	3,647			$	4,418
Performing TDRs			5,798				5,850
Total impaired loans		$	9,445			$	10,268

						Unpaid
		Recorded				Principal				Specific
(in thousands)		Investment				Balance				Reserves
June 30, 2016
With no related allowance recorded:
Commercial, financial and agricultural		$	296			$	296			$	0
Real estate - residential			2,355				2,356				0
Real estate - commercial			2,103				2,510				0
Total		$	4,754			$	5,162			$	0
With an allowance recorded:
Commercial, financial and agricultural		$	1,607			$	1,628			$	884
Real estate - construction commercial			52				56				8
Real estate - residential			2,675				2,712				628
Real estate - commercial			258				329				60
Consumer			99				128				14
Total		$	4,691			$	4,853			$	1,594
Total impaired loans		$	9,445			$	10,015			$	1,594

						Unpaid
		Recorded				Principal				Specific
(in thousands)		Investment			Balance				Reserves
December 31, 2015
With no related allowance recorded:
Commercial, financial and agricultural		$	448			$	450			$	0
Real estate - residential			1,645				1,712				0
Real estate - commercial			2,446				2,572				0
Total		$	4,539			$	4,734			$	0
With an allowance recorded:
Commercial, financial and agricultural		$	557			$	572			$	285
Real estate - construction commercial			102				115				15
Real estate - residential		4,291				4,320				955
Real estate - commercial			635				884				266
Consumer			144				182				19
Total		$	5,729			$	6,073			$	1,540
Total impaired loans		$	10,268			$	10,807			$	1,540

		Three Months Ended June 30,																Six Months Ended June 30,
		2016								2015								2016								2015
						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		$	385			$	19			$	2,405			$	8			$	1,014			$	29			$	3,834			$	13
Real estate - construction residential			0				0				0				0				0				0				1,105				0
Real estate - construction commercial			0				0				2,101				0				0				0				3,633				0
Real estate - residential			1,593				100				2,246				8				1,738				197				3,328				50
Real estate - commercial			2,109				63				4,081				21				2,280				120				11,383				65
Consumer			0				0				0				0				0				0				10				0
Total		$	4,087			$	182			$	10,833			$	37			$	5,032			$	346			$	23,293			$	128
With an allowance recorded:
Commercial, financial and agricultural		$	866			$	108			$	2,263			$	7			$	860			$	135			$	1,677			$	6
Real estate - construction residential			0				0				0				0				0				0				565				0
Real estate - construction commercial			52				0				55				0				64				2				14				0
Real estate - residential			3,442				62				5,224				24				3,977				141				4,865				26
Real estate - commercial			260				13				1,360				0				560				20				2,056				0
Consumer			114				5				160				0				129				9				246				0
Total		$	4,734			$	188			$	9,062			$	31			$	5,590			$	307			$	9,423			$	32
Total impaired loans		$	8,821			$	370			$	19,895			$	68			$	10,622			$	653			$	32,716			$	160

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, 2016
Commercial, Financial, and Agricultural		$	158,398			$	489			$	0			$	1,237			$	160,124
Real Estate Construction - Residential			14,727				268				0				0				14,995
Real Estate Construction - Commercial			46,166				0				0				52				46,218
Real Estate Mortgage - Residential			247,872				1,299				0				1,417				250,588
Real Estate Mortgage - Commercial			423,960				323				0				841				425,124
Installment and Other Consumer			25,651				135				7				100				25,893
Total		$	916,774			$	2,514			$	7			$	3,647			$	922,942
December 31, 2015
Commercial, Financial, and Agricultural		$	148,597			$	185			$	1			$	308			$	149,091
Real Estate Construction - Residential			16,895				0				0				0				16,895
Real Estate Construction - Commercial			33,776				65				0				102				33,943
Real Estate Mortgage - Residential			251,253				2,511				0				2,322				256,086
Real Estate Mortgage - Commercial			383,684				643				0				1,542				385,869
Installment and Other Consumer			22,840				207				5				144				23,196
Total		$	857,045			$	3,611			$	6			$	4,418			$	865,080

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, 2016
Watch		$	10,876			$	828			$	1,187			$	18,022			$	43,747			$	0			$	74,660
Substandard			219				0				0				1,881				1,351				0				3,451
Performing TDRs			667				0				0				3,612				1,519				0				5,798
Non-accrual			1,237				0				52				1,417				841				100				3,647
Total		$	12,999			$	828			$	1,239			$	24,932			$	47,458			$	100			$	87,556
At December 31, 2015
Watch		$	8,663			$	1,267			$	1,296			$	22,191			$	24,303			$	186			$	57,906
Substandard			421				0				37				3,737				1,485				36				5,716
Performing TDRs			697				0				0				3,615				1,538				0				5,850
Non-accrual			308				0				102				2,322				1,542				144				4,418
Total		$	10,089			$	1,267			$	1,435			$	31,865			$	28,868			$	366			$	73,890

Schedule of summary of loans that were modified as TDRs

		Three Months Ended June 30,
		2016												2015
		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				0			$	0			$	0
Real estate mortgage - residential			0				0				0				1				366				355
Real estate mortgage - commercial			0				0				0				1				800				800
Total			0			$	0			$	0				2			$	1,166			$	1,155

		Six Months Ended June 30,
		2016												2015
		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			$	250			$	240
Real estate mortgage - residential			1				78				78				3				510				464
Real estate mortgage - commercial			0				0				0				4				1,273				1,137
Total			1			$	78			$	78				10			$	2,033			$	1,841

(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=66008989&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 55
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525

Reference 2: 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=66008989&loc=SL6953659-111524

+ 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=66008989&loc=d3e5212-111524

+ Details

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

X

- References

No definition available.

+ 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=66008989&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=66008989&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

+ 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 33
-URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953676-111524

Reference 2: 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=66008989&loc=SL6953682-111524

+ Details

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