XML 35 R24.htm IDEA: XBRL DOCUMENT v3.8.0.1

Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2017

Loans and Leases Receivable Disclosure [Abstract]

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

		September 30,				December 31,
(in thousands)		2017				2016
Commercial, financial, and agricultural		$	184,868			$	182,881
Real estate construction - residential			22,723				18,907
Real estate construction - commercial			91,102				55,653
Real estate mortgage - residential			250,736				259,900
Real estate mortgage - commercial			461,988				426,470
Installment and other consumer			33,630				30,218
Total loans		$	1,045,047			$	974,029

Schedule of summary of the allowance for loan losses

		Three Months Ended September 30, 2017
		Commercial,				Real Estate				Real Estate				Real Estate				Real Estate				Installment
		Financial, &				Construction -				Construction -				Mortgage -				Mortgage -				and Other				Un-
(in thousands)		Agricultural				Residential				Commercial				Residential				Commercial				Consumer				allocated				Total
Balance at beginning of period		$	2,578			$	70			$	615			$	1,854			$	4,882			$	376			$	170			$	10,545
Additions:
Provision for loan losses			853				64				91				100				(426	)			32				(159	)			555
Deductions:
Loans charged off			37				0				0				68				4				56				0				165
Less recoveries on loans			(12	)			(12	)			0				(11	)			(5	)			(25	)			0				(65	)
Net loan charge-offs (recoveries)			25				(12	)			0				57				(1	)			31				0				100
Balance at end of period		$	3,406			$	146			$	706			$	1,897			$	4,457			$	377			$	11			$	11,000

		Nine Months Ended September 30, 2017
		Commercial,				Real Estate				Real Estate				Real Estate				Real Estate				Installment
		Financial, &				Construction -				Construction -				Mortgage -				Mortgage -				and Other				Un-
(in thousands)		Agricultural				Residential				Commercial				Residential				Commercial				Consumer				allocated				Total
Balance at beginning of period		$	2,753			$	108			$	413			$	2,385			$	3,793				274			$	160			$	9,886
Additions:
Provision for loan losses			695				(49	)			293				(407	)			658				194				(149	)			1,235
Deductions:
Loans charged off			97				0				0				149				20				167				0				433
Less recoveries on loans			(55	)			(87	)			0				(68	)			(26	)			(76	)			0				(312	)
Net loan charge-offs (recoveries)			42				(87	)			0				81				(6	)			91				0				121
Balance at end of period		$	3,406			$	146			$	706			$	1,897			$	4,457			$	377			$	11			$	11,000

		Three Months Ended September 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		$	2,996			$	63			$	249			$	2,293			$	3,411			$	284			$	96			$	9,392
Additions:
Provision for loan losses			(94	)			(4	)			44				(152	)			450				50				6				300
Deductions:
Loans charged off			157				0				0				92				27				86				0				362
Less recoveries on loans			(26	)			0				0				(31	)			(36	)			(47	)			0				(140	)
Net loans charged off			131				0				0				61				(9	)			39				0				222
Balance at end of period		$	2,771			$	59			$	293			$	2,080			$	3,870			$	295			$	102			$	9,470

		Nine Months Ended September 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			710				0				(852	)			66				944				106				1				975
Deductions:
Loans charged off			295				0				1				474				137				209				0				1,116
Less recoveries on loans			(203	)			0				(502	)			(49	)			(128	)			(125	)			0				(1,007	)
Net loans charged off			92				0				(501	)			425				9				84				0				109
Balance at end of period		$	2,771			$	59			$	293			$	2,080			$	3,870			$	295			$	102			$	9,470

		Commercial,				Real Estate				Real Estate				Real Estate				Real Estate				Installment
		Financial, and				Construction -				Construction -				Mortgage -				Mortgage -				and Other				Un-
(in thousands)		Agricultural				Residential				Commercial				Residential				Commercial				Consumer				allocated				Total
September 30, 2017
Allowance for loan losses:
Individually evaluated for impairment		$	929			$	0			$	0			$	528			$	258			$	23			$	0			$	1,738
Collectively evaluated for impairment			2,477				146				706				1,369				4,199				354				11				9,262
Total		$	3,406			$	146			$	706			$	1,897			$	4,457			$	377			$	11			$	11,000
Loans outstanding:
Individually evaluated for impairment		$	3,522			$	0			$	0			$	5,173			$	2,023			$	168			$	0			$	10,886
Collectively evaluated for impairment			181,346				22,723				91,102				245,563				459,965				33,462				0				1,034,161
Total		$	184,868			$	22,723			$	91,102			$	250,736			$	461,988			$	33,630			$	0			$	1,045,047
December 31, 2016
Allowance for loan losses:
Individually evaluated for impairment		$	469			$	0			$	7			$	319			$	277			$	8			$	0			$	1,080
Collectively evaluated for impairment			2,284				108				406				2,066				3,516				266				160				8,806
Total		$	2,753			$	108			$	413			$	2,385			$	3,793			$	274			$	160			$	9,886
Loans outstanding:
Individually evaluated for impairment		$	1,617			$	0			$	49			$	5,471			$	1,918			$	89			$	0			$	9,144
Collectively evaluated for impairment			181,264				18,907				55,604				254,429				424,552				30,129				0				964,885
Total		$	182,881			$	18,907			$	55,653			$	259,900			$	426,470			$	30,218			$	0			$	974,029

Schedule of impaired loans

		September 30,				December 31,
(in thousands)		2017				2016
Non-accrual loans		$	6,210			$	3,429
Performing TDRs			4,676				5,715
Total impaired loans		$	10,886			$	9,144

						Unpaid
		Recorded				Principal				Specific
(in thousands)		Investment				Balance				Reserves
September 30, 2017
With no related allowance recorded:
Commercial, financial and agricultural		$	1,442			$	1,473			$	0
Real estate - residential			1,024				1,049				0
Real estate - commercial			366				529				0
Total		$	2,832			$	3,051			$	0
With an allowance recorded:
Commercial, financial and agricultural		$	2,080			$	2,288			$	929
Real estate - residential			4,149				4,220				528
Real estate - commercial			1,657				1,887				258
Installment and other consumer			168				185				23
Total		$	8,054			$	8,580			$	1,738
Total impaired loans		$	10,886			$	11,631			$	1,738

						Unpaid
		Recorded				Principal				Specific
(in thousands)		Investment				Balance				Reserves
December 31, 2016
With no related allowance recorded:
Commercial, financial and agricultural		$	564			$	706			$	0
Real estate - residential			1,550				1,557				0
Total		$	2,114			$	2,263			$	0
With an allowance recorded:
Commercial, financial and agricultural		$	1,053			$	1,078			$	469
Real estate - construction commercial			49				56				7
Real estate - residential			3,921				3,990				319
Real estate - commercial			1,918				1,988				277
Installment and other consumer			89				116				8
Total		$	7,030			$	7,228			$	1,080
Total impaired loans		$	9,144			$	9,491			$	1,080

		Three Months Ended September 30,																Nine Months Ended September 30,
		2017								2016								2017								2016
						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		$	481			$	0			$	460			$	-9			$	478			$	0			$	491			$	18
Real estate - residential			341				0				2,050				27				1,412				0				1,640				63
Real estate - commercial			77				3				1,167				17				221				9				1,769				17
Installment and other consumer			0				0				0				0				22				0				0				0
Total		$	899			$	3			$	3,677			$	35			$	2,133			$	9			$	3,900			$	98
With an allowance recorded:
Commercial, financial and agricultural		$	694			$	8			$	1,398			$	-13			$	1,667			$	24			$	924			$	9
Real estate - construction commercial			0				0				51				0				37				0				64				0
Real estate - residential			1,383				33				2,992				20				4,090				121				3,741				78
Real estate - commercial			597				17				811				14				1,772				46				717				61
Installment and other consumer			56				0				118				-1				70				0				123				0
Total		$	2,730			$	58			$	5,370			$	20			$	7,636			$	191			$	5,569			$	148
Total impaired loans		$	3,629			$	61			$	9,047			$	55			$	9,769			$	200			$	9,469			$	246

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, 2017
Commercial, Financial, and Agricultural		$	181,781			$	82			$	0			$	3,005			$	184,868
Real Estate Construction - Residential			22,723				0				0				0				22,723
Real Estate Construction - Commercial			91,005				97				0				0				91,102
Real Estate Mortgage - Residential			247,462				1,063				117				2,094				250,736
Real Estate Mortgage - Commercial			460,339				706				0				943				461,988
Installment and Other Consumer			33,224				177				61				168				33,630
Total		$	1,036,534			$	2,125			$	178			$	6,210			$	1,045,047
December 31, 2016
Commercial, Financial, and Agricultural		$	181,609			$	290			$	0			$	982			$	182,881
Real Estate Construction - Residential			18,681				226				0				0				18,907
Real Estate Construction - Commercial			55,603				0				0				50				55,653
Real Estate Mortgage - Residential			254,758				3,200				54				1,888				259,900
Real Estate Mortgage - Commercial			425,260				790				0				420				426,470
Installment and Other Consumer			29,920				198				11				89				30,218
Total		$	965,831			$	4,704			$	65			$	3,429			$	974,029

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, 2017
Watch		$	9,830			$	1,236			$	1,281			$	10,330			$	48,773			$	0			$	71,450
Substandard			900				462				97				2,296				728				20				4,503
Performing TDRs			517				0				0				3,080				1,079				0				4,676
Non-accrual			3,005				0				0				2,094				943				168				6,210
Total		$	14,252			$	1,698			$	1,378			$	17,800			$	51,523			$	188			$	86,839
At December 31, 2016
Watch		$	10,295			$	665			$	1,113			$	16,577			$	44,611			$	0			$	73,261
Substandard			798				640				0				2,159				426				24				4,047
Performing TDRs			635				0				0				3,582				1,498				0				5,715
Non-accrual			982				0				50				1,888				420				89				3,429
Total		$	12,710			$	1,305			$	1,163			$	24,206			$	46,955			$	113			$	86,452

Schedule of summary of loans that were modified as TDRs

		Three Months Ended September 30,
		2017												2016
		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				2			$	32			$	32
Real estate mortgage - residential			1				14				14				4				298				296
Total			1			$	14			$	14				6			$	330			$	328

		Nine Months Ended September 30,
		2017												2016
		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			$	131			$	130				2			$	32			$	32
Real estate mortgage - residential			1				14				14				5				376				374
Real estate mortgage - commercial			1				56				52				0				0				0
Total			3			$	201			$	196				7			$	408			$	406

(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=84173941&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=82894031&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=84173941&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=84173941&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=84173941&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=84173941&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=84173941&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=84173941&loc=SL6953682-111524

+ Details

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