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Loans and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2018

Loans and Leases Receivable Disclosure [Abstract]

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

		March 31,				December 31,
(in thousands)		2018				2017
Commercial, financial, and agricultural		$	190,720			$	192,238
Real estate construction - residential			29,351				26,492
Real estate construction - commercial			105,345				98,340
Real estate mortgage - residential			250,131				246,754
Real estate mortgage - commercial			476,511				472,455
Installment and other consumer			32,268				32,153
Total loans		$	1,084,326			$	1,068,432

Schedule of summary of the allowance for loan losses

		Three Months Ended March 31, 2018
		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		$	3,325			$	170			$	807			$	1,689			$	4,437				345			$	79			$	10,852
Additions:
Provision for loan losses			33				106				118				369				(421	)			40				55				300
Deductions:
Loans charged off			110				48				30				20				14				57				0				279
Less recoveries on loans			(13	)			(12	)			0				(19	)			(6	)			(24	)			0				(74	)
Net loan charge-offs (recoveries)			97				36				30				1				8				33				0				205
Balance at end of period		$	3,261			$	240			$	895			$	2,057			$	4,008			$	352			$	134			$	10,947

		Three Months Ended March 31, 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			(384	)			(59	)			166				(276	)			945				72				(114	)			350
Deductions:
Loans charged off			28				0				0				20				14				51				0				113
Less recoveries on loans			(19	)			(50	)			0				(36	)			(7	)			(27	)			0				(139	)
Net loan charge-offs (recoveries)			9				(50	)			0				(16	)			7				24				0				(26	)
Balance at end of period		$	2,360			$	99			$	579			$	2,125			$	4,731			$	322			$	46			$	10,262

Schedule of allowance for loan losses by impairment

		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
March 31, 2018
Allowance for loan losses:
Individually evaluated for impairment		$	495			$	9			$	0			$	580			$	233			$	19			$	0			$	1,336
Collectively evaluated for impairment			2,766				231				895				1,477				3,775				333				134				9,611
Total		$	3,261			$	240			$	895			$	2,057			$	4,008			$	352			$	134			$	10,947
Loans outstanding:
Individually evaluated for impairment		$	2,738			$	59			$	0			$	5,158			$	1,978			$	160			$	0			$	10,093
Collectively evaluated for impairment			187,982				29,292				105,345				244,973				474,533				32,108				0				1,074,233
Total		$	190,720			$	29,351			$	105,345			$	250,131			$	476,511			$	32,268			$	0			$	1,084,326
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

Schedule of impaired loans

		March 31,				December 31,
(in thousands)		2018				2017
Non-accrual loans		$	5,482			$	5,672
Performing TDRs			4,611				4,684
Total impaired loans		$	10,093			$	10,356

						Unpaid
		Recorded				Principal				Specific
(in thousands)		Investment				Balance				Reserves
March 31, 2018
With no related allowance recorded:
Commercial, financial and agricultural		$	1,091			$	1,151			$	0
Real estate - residential			908				955				0
Total		$	1,999			$	2,106			$	0
With an allowance recorded:
Commercial, financial and agricultural		$	1,647			$	1,960			$	495
Real estate - construction residential			59				59				9
Real estate - residential			4,250				4,344				580
Real estate - commercial			1,978				2,123				233
Installment and other consumer			160				179				19
Total		$	8,094			$	8,665			$	1,336
Total impaired loans		$	10,093			$	10,771			$	1,336

						Unpaid
		Recorded				Principal				Specific
(in thousands)		Investment				Balance				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

		Three Months Ended March 31,
		2018								2017
						Interest								Interest
		Average				Recognized				Average				Recognized
		Recorded				For the				Recorded				For the
(in thousands)		Investment				Period Ended				Investment				Period Ended
With no related allowance recorded:
Commercial, financial and agricultural		$	906			$	0			$	555			$	1
Real estate - construction commercial			0				0				0				0
Real estate - residential			919				3				807				4
Real estate - commercial			0				0				589				2
Installment and other consumer			0				0				40				0
Total		$	1,825			$	3			$	1,991			$	7
With an allowance recorded:
Commercial, financial and agricultural		$	1,857			$	8			$	1,192			$	11
Real estate - construction residential			15				0				0				0
Real estate - construction commercial			0				0				50				0
Real estate - residential			4,379				32				4,511				43
Real estate - commercial			2,012				15				1,494				15
Installment and other consumer			139				0				51				0
Total		$	8,402			$	55			$	7,298			$	69
Total impaired loans		$	10,227			$	58			$	9,289			$	76

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
March 31, 2018
Commercial, Financial, and Agricultural		$	188,436			$	26			$	0			$	2,258			$	190,720
Real Estate Construction - Residential			29,292				0				0				59				29,351
Real Estate Construction - Commercial			105,176				169				0				0				105,345
Real Estate Mortgage - Residential			246,562				1,480				0				2,089				250,131
Real Estate Mortgage - Commercial			475,349				246				0				916				476,511
Installment and Other Consumer			31,730				340				38				160				32,268
Total		$	1,076,545			$	2,261			$	38			$	5,482			$	1,084,326
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

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 March 31, 2018
Watch		$	9,460			$	1,227			$	1,291			$	8,079			$	45,938			$	147			$	66,142
Substandard			641				462				0				2,532				725				13				4,373
Performing TDRs			481				0				0				3,068				1,062				0				4,611
Non-accrual			2,258				59				0				2,089				916				160				5,482
Total		$	12,840			$	1,748			$	1,291			$	15,768			$	48,641			$	320			$	80,608
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

Schedule of summary of loans that were modified as TDRs

		Three Months Ended March 31,
		2018												2017
		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			$	131			$	131
Real estate mortgage - commercial			0				0				0				1				56				56
Total			0			$	0			$	0				2			$	187			$	187

(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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
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- 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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 55
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-URI http://asc.fasb.org/extlink&oid=82894031&loc=SL6953803-111525

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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
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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.

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Tabular disclosure of the activity by class in any valuation allowance for impairment of recognized servicing assets - including beginning and ending balances, aggregate additions charged and recoveries credited to operations, and aggregate write-downs charged against allowance.

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Tabular disclosure of financing receivables and troubled debt restructurings.

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