Loans and Allowances for Loan Losses

Schedule of loans to directors and executive officers


(in thousands)
Balance at December 31, 2019	$	5,601
New loans		1,081
Amounts collected		(1,603)
Balance at December 31, 2020	$	5,079

Schedule of allowance for loan losses and recorded investment by portfolio segment

The following table illustrates the allowance for loan losses and recorded investment by portfolio segment:


	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
December 31, 2020
Allowance for loan losses:
Individually evaluated for impairment	$	2,187	$	27	$	28	$	263	$	2,594	$	14	$	—	$	5,113
Collectively evaluated for impairment		2,934		186		447		2,416		6,760		250		7		13,000
Total	$	5,121	$	213	$	475	$	2,679	$	9,354	$	264	$	7	$	18,113
Loans outstanding:
Individually evaluated for impairment	$	7,552	$	192	$	200	$	3,626	$	25,657	$	108	$	—	$	37,335
Collectively evaluated for impairment		265,366		29,500		77,944		258,713		591,476		26,633		—		1,249,632
Total	$	272,918	$	29,692	$	78,144	$	262,339	$	617,133	$	26,741	$	—	$	1,286,967

December 31, 2019
Allowance for loan losses:
Individually evaluated for impairment	$	311	$	—	$	—	$	264	$	23	$	17	$	—	$	615
Collectively evaluated for impairment		2,607		64		369		1,854		6,524		364		80		11,862
Total	$	2,918	$	64	$	369	$	2,118	$	6,547	$	381	$	80	$	12,477
Loans outstanding:
Individually evaluated for impairment	$	1,514	$	—	$	137	$	3,856	$	1,711	$	177	$	—	$	7,395
Collectively evaluated for impairment		197,508		23,035		84,861		248,787		574,924		32,287		—		1,161,402
Total	$	199,022	$	23,035	$	84,998	$	252,643	$	576,635	$	32,464	$	—	$	1,168,797

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
December 31, 2020
Commercial, Financial, and Agricultural	$	265,821	$	380	$	—	$	6,717	$	272,918
Real estate construction − residential		29,500		—		—		192		29,692
Real estate construction − commercial		77,944		—		—		200		78,144
Real estate mortgage − residential		259,688		546		—		2,105		262,339
Real estate mortgage − commercial		591,815		4		—		25,314		617,133
Installment and Other Consumer		26,576		117		17		31		26,741
Total	$	1,251,344	$	1,047	$	17	$	34,559	$	1,286,967
December 31, 2019
Commercial, Financial, and Agricultural	$	197,828	$	212	$	—	$	982	$	199,022
Real estate construction − residential		22,468		567		—		—		23,035
Real estate construction − commercial		84,861		—		—		137		84,998
Real estate mortgage − residential		249,516		688		304		2,135		252,643
Real estate mortgage − commercial		575,140		136		—		1,359		576,635
Installment and Other Consumer		32,179		132		12		141		32,464
Total	$	1,161,992	$	1,735	$	316	$	4,754	$	1,168,797

Schedule of loan modifications provided for under the CARES Act




	Total Remaining Loan Modifications under the CARES Act by NAICS Code as of December 31, 2020
			% of					% of					% of
			Total Remaining			Full		Total Remaining					Total Remaining
	Interest		Loan			Deferral		Loan			Extended		Loan
Industry Category	Only		Modifications			(1)		Modifications			Amortizations		Modifications			Totals
Real Estate and Rental and Leasing	$	5,166		6.0	%	$	6,338		7.3	%	$	501		0.6	%	$	12,005
Accommodations and Food Services		19,859		22.9			32,486		37.5			4,621		5.3			56,966
Construction		144		0.2			-		—			—		—			144
Churches		263		0.3			-		—			—		—			263
Lands and lots		2,005		2.3			-		—			—		—			2,005
Cinemas		—		—			4,691		5.4			—		—			4,691
Health Care and Social Assistance		—		—			208		0.2			—		—			208
Arts, Entertainment, Recreation		10,165		11.7			-		—			—		—			10,165
Non-NAICS (Consumer)		—		0.0			232		0.3			—		—			232
Total modifications	$	37,602		43.4	%	$	43,955		50.7	%	$	5,122		5.9	%	$	86,679

Remaining loan modifications under the CARES Act as a percent of the total loan portfolio 6.7%

Total loan modifications under the CARES Act to date $296,890

Total loan modifications under the CARES Act to date as a percent of the total loan portfolio 23.1%

(1)

Of the $44.0 million loan modifications on full deferral, $29.5 million, or 34.1% of the total remaining loan modifications, were determined to be on nonaccrual status during the fourth quarter of 2020.