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Loans and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2017

Loans and Leases Receivable Disclosure [Abstract]

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

(in thousands)	2017			2016
Commercial, financial, and agricultural		$	192,238		$	182,881
Real estate construction - residential			26,492			18,907
Real estate construction - commercial			98,340			55,653
Real estate mortgage - residential			246,754			259,900
Real estate mortgage - commercial			472,455			426,470
Installment and other consumer			32,153			30,218
Total loans		$	1,068,432		$	974,029

Schedule of loans to directors and executive officers

(in thousands)
Balance at December 31, 2016	$	3,273
New loans and new directors		3,419
Amounts collected		(250)
Balance at December 31, 2017	$	6,442

Schedule of summary of the allowance for loan losses

(in thousands)	Commercial, Financial, & Agricultural			Real Estate Construction - Residential			Real Estate Construction - Commercial			Real Estate Mortgage - Residential			Real Estate Mortgage - Commercial			Installment Loans to Individuals			Un- allocated			Total
Balance at December 31, 2014		$	1,779		$	171		$	466		$	2,527		$	3,846		$	270		$	40		$	9,099
Additions:
Provision for loan losses			833			(434)			193			153			(713)			157			61			250
Deductions:
Loans charged off			1,131			0			15			379			363			302			0			2,190
Less recoveries on loans			(672)			(322)			0			(138)			(165)			(148)			0			(1,445)
Net loans charged off			459			(322)			15			241			198			154			0			745
Balance at December 31, 2015		$	2,153		$	59		$	644		$	2,439		$	2,935		$	273		$	101		$	8,604
Additions:
Provision for loan losses			690			49			(732)			381			865			113			59			1,425
Deductions:
Loans charged off			389			0			1			495			147			258			0			1,290
Less recoveries on loans			(299)			0			(502)			(60)			(140)			(146)			0			(1,147)
Net loans charged off			90			0			(501)			435			7			112			0			143
Balance at December 31, 2016		$	2,753		$	108		$	413		$	2,385		$	3,793		$	274		$	160		$	9,886
Additions:
Provision for loan losses			1,147			(26)			394			(560)			657			234			(81)			1,765
Deductions:
Loans charged off			649			0			0			219			45			268			0			1,181
Less recoveries on loans			(74)			(88)			0			(83)			(32)			(105)			0			(382)
Net loans charged off			575			(88)			0			136			13			163			0			799
Balance at December 31, 2017		$	3,325		$	170		$	807		$	1,689		$	4,437		$	345		$	79		$	10,852

(in thousands)	Commercial, Financial, and Agricultural			Real Estate Construction - Residential			Real Estate Construction - Commercial			Real Estate Mortgage - Residential			Real Estate Mortgage - Commercial			Installment Loans to Individuals			Un- allocated			Total
December 31, 2017
Allowance for loan losses:
Individually evaluated for impairment		$	500		$	0		$	48		$	521		$	243		$	21		$	0		$	1,333
Collectively evaluated for impairment			2,825			170			759			1,168			4,194			324			79			9,519
Total		$	3,325		$	170		$	807		$	1,689		$	4,437		$	345		$	79		$	10,852
Loans outstanding:
Individually evaluated for impairment		$	3,007		$	0		$	97		$	5,072		$	2,004		$	176		$	0		$	10,356
Collectively evaluated for impairment			189,231			26,492			98,243			241,682			470,451			31,977			0			1,058,076
Total		$	192,238		$	26,492		$	98,340		$	246,754		$	472,455		$	32,153		$	0		$	1,068,432

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

(in thousands)	2017			2016
Non-accrual loans		$	5,672		$	3,429
Performing TDRs			4,684			5,715
Total impaired loans		$	10,356		$	9,144

(in thousands)	Recorded Investment			Unpaid Principal Balance			Specific Reserves
December 31, 2017
With no related allowance recorded:
Commercial, financial and agricultural		$	1,393		$	1,445		$	0
Real estate - residential			674			688			0
Real estate - commercial			366			395			0
Total		$	2,433		$	2,528		$	0
With an allowance recorded:
Commercial, financial and agricultural		$	1,614		$	1,834		$	500
Real estate - construction commercial			97			97			48
Real estate - residential			4,398			4,500			521
Real estate - commercial			1,638			1,743			243
Consumer			176			196			21
Total		$	7,923		$	8,370		$	1,333
Total impaired loans		$	10,356		$	10,898		$	1,333

(in thousands)	Recorded Investment			Unpaid Principal Balance			Specific 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
Consumer			89			116			8
Total		$	7,030		$	7,228		$	1,080
Total impaired loans		$	9,144		$	9,491		$	1,080

	2017						2016
(in thousands)	Average Recorded Investment			Interest Recognized For the Period Ended			Average Recorded Investment			Interest Recognized For the Period Ended
With no related allowance recorded:
Commercial, financial and agricultural		$	957		$	0		$	669		$	13
Real estate - residential			826			13			1,713			52
Real estate - commercial			373			0			353			0
Total		$	2,156		$	13		$	2,735		$	65
With an allowance recorded:
Commercial, financial and agricultural		$	1,536		$	33		$	899		$	23
Real estate - construction commercial			49			0			51			0
Real estate - residential			4,575			149			3,553			114
Real estate - commercial			1,641			61			1,842			83
Consumer			114			0			109			0
Total		$	7,915		$	243		$	6,454		$	220
Total impaired loans		$	10,071		$	256		$	9,189		$	285

Schedule of aging information for the Company's past due and non-accrual loans

(in thousands)	Current or Less Than 30 Days Past Due			30-89 Days Past Due			90 Days Past Due And Still Accruing			Non-Accrual			Total
December 31, 2017
Commercial, Financial, and Agricultural		$	189,537		$	192		$	2		$	2,507		$	192,238
Real Estate Construction - Residential			25,930			287			275			0			26,492
Real Estate Construction - Commercial			98,243			0			0			97			98,340
Real Estate Mortgage - Residential			242,597			2,173			28			1,956			246,754
Real Estate Mortgage - Commercial			471,476			43			0			936			472,455
Installment and Other Consumer			31,715			239			23			176			32,153
Total		$	1,059,498		$	2,934		$	328		$	5,672		$	1,068,432
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 December 31, 2017
Watch		$	9,868		$	1,459		$	1,284		$	9,978		$	49,197		$	0		$	71,786

Substandard			658			462			0			2,262			723			16			4,121
Performing TDRs			500			0			0			3,116			1,068			0			4,684
Non-accrual			2,507			0			97			1,956			936			176			5,672
Total		$	13,533		$	1,921		$	1,381		$	17,312		$	51,924		$	192		$	86,263
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

	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		3		$	773		$	773		0		$	0		$	0
Real estate mortgage - residential		2			118			116		7			536			536
Real estate mortgage - commercial		1			55			49		0			0			0
Total		6		$	946		$	938		7		$	536		$	536

(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.