XML 35 R24.htm IDEA: XBRL DOCUMENT

Loans and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2021

Loans and Allowances for Loan Losses

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


	June 30,		December 31,
(in thousands)	2021		2020
Commercial, financial, and agricultural (a)	$	263,511	$	272,918
Real estate construction − residential		35,760		29,692
Real estate construction − commercial		74,788		78,144
Real estate mortgage − residential		267,264		262,339
Real estate mortgage − commercial		628,075		617,133
Installment and other consumer		24,496		26,741
Total loans held for investment	$	1,293,894	$	1,286,967

(a)	Includes $49.6 million and $63.3 million of SBA PPP loans, net as of June 30, 2021 and December 31, 2020, respectively.

Schedule of summary of the allowance for loan losses


	Three Months Ended June 30, 2021
	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	$	4,676	$	309	$	532	$	2,594	$	9,904	$	245	$	101	$	18,361
Additions:
Provision for loan losses		655		(58)		(37)		(130)		14		38		(82)		400
Deductions:
Loans charged off		28		—		—		4		3		46		—		81
Less recoveries on loans		(33)		—		—		(7)		—		(15)		—		(55)
Net loan charge-offs (recoveries)		(5)		—		—		(3)		3		31		—		26
Balance at end of period	$	5,336	$	251	$	495	$	2,467	$	9,915	$	252	$	19	$	18,735


	Three Months Ended June 30, 2020
	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	$	3,623	$	117	$	622	$	2,363	$	8,614	$	351	$	3	$	15,693
Additions:
Provision for loan losses		(32)		22		100		354		435		(26)		47		900
Deductions:
Loans charged off		43		—		—		33		2		39		—		117
Less recoveries on loans		(66)		(32)		—		(27)		(1)		(20)		—		(146)
Net loan charge-offs (recoveries)		(23)		(32)		—		6		1		19		—		(29)

Balance at end of period

3,614

171

722

2,711

9,048

306

16,622


	Six Months Ended June 30, 2021
	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	$	5,121	$	213	$	475	$	2,679	$	9,354	$	264	$	7	$	18,113
Additions:
Provision for loan losses		87		25		20		(384)		587		53		12		400
Deductions:
Loans charged off		55		—		—		3		26		104		—		188
Less recoveries on loans		(183)		(13)		—		(175)		—		(39)		—		(410)
Net loan charge-offs (recoveries)		(128)		(13)		—		(172)		26		65		—		(222)
Balance at end of period	$	5,336	$	251	$	495	$	2,467	$	9,915	$	252	$	19	$	18,735


	Six Months Ended June 30, 2020
	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	$	2,918	$	64	$	369	$	2,118	$	6,547	$	381	$	80	$	12,477
Additions:
Provision for loan losses		689		75		353		609		2,522		(18)		(30)		4,200
Deductions:
Loans charged off		84		—		—		52		24		91		—		251
Less recoveries on loans		(91)		(32)		—		(36)		(3)		(34)		—		(196)
Net loan charge-offs (recoveries)		(7)		(32)		—		16		21		57		—		55
Balance at end of period	$	3,614	$	171	$	722	$	2,711	$	9,048	$	306	$	50	$	16,622

Schedule of 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
June 30, 2021
Allowance for loan losses:
Individually evaluated for impairment	$	2,325	$	—	$	16	$	242	$	2,764	$	8	$	—	$	5,355
Collectively evaluated for impairment		3,011		251		479		2,225		7,151		244		19		13,380
Total	$	5,336	$	251	$	495	$	2,467	$	9,915	$	252	$	19	$	18,735
Loans outstanding:
Individually evaluated for impairment	$	7,362	$	—	$	112	$	2,909	$	25,647	$	61	$	—	$	36,091
Collectively evaluated for impairment		256,149		35,760		74,676		264,355		602,428		24,435		—		1,257,803
Total	$	263,511	$	35,760	$	74,788	$	267,264	$	628,075	$	24,496	$	—	$	1,293,894

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

Schedule of impaired loans


	June 30,		December 31,
(in thousands)	2021		2020
Non-accrual loans	$	33,783	$	34,559
Performing TDRs		2,308		2,776
Total impaired loans	$	36,091	$	37,335

The following tables provide additional information about impaired loans at June 30, 2021 and December 31, 2020, respectively, segregated between loans for which an allowance has been provided and loans for which no allowance has been provided.


			Unpaid
	Recorded		Principal		Specific
(in thousands)	Investment		Balance		Reserves
June 30, 2021
With no related allowance recorded:
Commercial, financial and agricultural	$	1,821	$	1,872	$	—
Real estate mortgage − residential		1,153		1,261		—
Real estate mortgage − commercial		9,465		9,483		—
Total	$	12,439	$	12,616	$	—
With an allowance recorded:
Commercial, financial and agricultural	$	5,541	$	5,618	$	2,325
Real estate construction − commercial		112		142		16
Real estate mortgage − residential		1,756		2,191		242
Real estate mortgage − commercial		16,182		16,252		2,764
Installment and other consumer		61		63		8
Total	$	23,652	$	24,266	$	5,355
Total impaired loans	$	36,091	$	36,882	$	5,355


			Unpaid
	Recorded		Principal		Specific
(in thousands)	Investment		Balance		Reserves
December 31, 2020
With no related allowance recorded:
Commercial, financial and agricultural	$	1,703	$	1,731	$	—
Real estate mortgage − residential		1,300		1,395		—
Real estate mortgage − commercial		8,943		8,943		—
Total	$	11,946	$	12,069	$	—
With an allowance recorded:
Commercial, financial and agricultural	$	5,849	$	6,180	$	2,187
Real estate construction − residential		192		192		27
Real estate construction − commercial		200		251		28
Real estate mortgage − residential		2,326		2,786		263
Real estate mortgage − commercial		16,714		16,787		2,594
Installment and other consumer		108		112		14
Total	$	25,389	$	26,308	$	5,113
Total impaired loans	$	37,335	$	38,377	$	5,113

The following table presents by class, information related to the average recorded investment and interest income recognized on impaired loans during the periods indicated.


	Three Months Ended June 30,								Six Months Ended June 30,
	2021				2020				2021				2020
			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	$	1,826	$	5	$	3,059	$	—	$	1,834	$	13	$	1,370	$	—
Real estate construction − commercial		—		—		528		—		—		—		271		—
Real estate mortgage − residential		1,266		12		2,758		—		1,391		21		1,355		—
Real estate mortgage − commercial		9,459		—		1,448		7		9,458		—		1,178		13
Installment and other consumer		—		—		15		—		—		—		12		—
Total	$	12,551	$	17	$	7,808	$	7	$	12,683	$	34	$	4,186	$	13
With an allowance recorded:
Commercial, financial and agricultural	$	5,553	$	7	$	1,615	$	11	$	5,548	$	13	$	1,195	$	19
Real estate construction − residential		125		—		—		—		158		—		—		—
Real estate construction − commercial		165		—		766		—		182		—		142		—
Real estate mortgage − residential		1,692		4		3,724		8		1,779		11		2,990		28
Real estate mortgage − commercial		16,323		8		540		3		16,189		15		438		6
Installment and other consumer		58		—		147		1		71		3		135		7
Total	$	23,916	$	19	$	6,792	$	23	$	23,927	$	42	$	4,900	$	60
Total impaired loans	$	36,467	$	36	$	14,600	$	30	$	36,610	$	76	$	9,086	$	73

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, 2021
Commercial, Financial, and Agricultural	$	256,916	$	31	$	—	$	6,564	$	263,511
Real estate construction − residential		35,760		—		—		—		35,760
Real estate construction − commercial		74,612		64		—		112		74,788
Real estate mortgage − residential		265,400		91		—		1,773		267,264
Real estate mortgage − commercial		602,558		204		—		25,313		628,075
Installment and Other Consumer		24,423		47		5		21		24,496
Total	$	1,259,669	$	437	$	5	$	33,783	$	1,293,894
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

Schedule of risk categories by class


	Commercial,		Real Estate		Real Estate		Real Estate		Real Estate		Installment
	Financial, &		Construction -		Construction -		Mortgage -		Mortgage -		and other
(in thousands)	Agricultural		Residential		Commercial		Residential		Commercial		Consumer		Total
At June 30, 2021
Watch	$	12,544	$	535	$	4,750	$	14,556	$	63,487	$	—	$	95,872
Substandard		628		—		2,670		782		556		—		4,636
Performing TDRs		798		—		—		1,136		334		40		2,308
Non-accrual loans		6,564		—		112		1,773		25,313		21		33,783
Total	$	20,534	$	535	$	7,532	$	18,247	$	89,690	$	61	$	136,599
At December 31, 2020
Watch	$	9,649	$	545	$	10,806	$	15,835	$	66,936	$	—	$	103,771
Substandard		598		—		—		1,002		1,662		—		3,262
Performing TDRs		835		—		—		1,521		343		77		2,776
Non-accrual loans		6,717		192		200		2,105		25,314		31		34,559
Total	$	17,799	$	737	$	11,006	$	20,463	$	94,255	$	108	$	144,368

Schedule of summary of loans that were modified as TDRs


	Three Months Ended June 30,
	2021					2020
	Recorded Investment (1)					Recorded Investment (1)
	Number of	Pre-		Post-		Number of	Pre-		Post-
(in thousands)	Contracts	Modification		Modification		Contracts	Modification		Modification
Troubled Debt Restructurings
Real estate mortgage − residential	—	$	—	$	—	1	$	111	$	119
Total	—	$	—	$	—	1	$	111	$	119


	Six Months Ended June 30,
	2021					2020
	Recorded Investment (1)					Recorded Investment (1)
	Number of	Pre-		Post-		Number of	Pre-		Post-
(in thousands)	Contracts	Modification		Modification		Contracts	Modification		Modification
Troubled Debt Restructurings
Real estate mortgage - residential	—	$	—	$	—	1	$	111	$	119
Installment and other consumer	—		—		—	1		6		5
Total	—	$	—	$	—	2	$	117	$	124

(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.