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Loans (Tables)
 9 Months Ended
Sep. 30, 2015
Receivables [Abstract]  
Loans
Loans are comprised of the following:
(in 000's)
September 30, 2015

 
December 31, 2014

Commercial and Business Loans
$
62,648

 
$
60,422

Government Program Loans
1,616

 
1,947

Total Commercial and Industrial
64,264

 
62,369

Real Estate – Mortgage:
 

 
 

Commercial Real Estate
165,065

 
154,672

Residential Mortgages
72,452

 
59,095

Home Improvement and Home Equity loans
960

 
1,110

Total Real Estate Mortgage
238,477

 
214,877

Real Estate Construction and Development
150,888

 
137,158

Agricultural
43,025

 
31,713

Installment
19,047

 
11,802

Total Loans
$
515,701

 
$
457,919
Delinquent Loans
The Company monitors delinquency and potential problem loans on an ongoing basis through weekly reports to the Loan Committee and monthly reports to the Board of Directors. The following is a summary of delinquent loans at September 30, 2015 (in 000's):
September 30, 2015
Loans
30-60 Days Past Due
 
Loans
61-89 Days Past Due
 
Loans
90 or More
Days Past Due
 
Total Past Due Loans
 
Current Loans
 
Total Loans
 
Accruing
Loans 90 or
More Days Past Due
Commercial and Business Loans
$
—

 
$
—

 
$
962

 
$
962

 
$
61,686

 
$
62,648

 
$
—

Government Program Loans
—

 
—

 
19

 
19

 
1,597

 
1,616

 
19

Total Commercial and Industrial
—

 
—

 
981

 
981

 
63,283

 
64,264

 
19

Commercial Real Estate Loans
—

 
747

 
—

 
747

 
164,318

 
165,065

 
—

Residential Mortgages
—

 
63

 
267

 
330

 
72,122

 
72,452

 
—

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
960

 
960


—

Total Real Estate Mortgage
—

 
810

 
267

 
1,077

 
237,400

 
238,477

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real Estate Construction and Development Loans
—

 
—

 
—

 
—

 
150,888

 
150,888

 
—

Agricultural Loans
—

 
—

 
—

 
—

 
43,025

 
43,025

 
—

Consumer Loans
—

 
—

 
450

 
450

 
18,382

 
18,832

 
—

Overdraft Protection Lines
—

 
—

 
—

 
—

 
78

 
78

 
—

Overdrafts
—

 
—

 
—

 
—

 
137

 
137

 
—

Total Installment
—

 
—

 
450

 
450

 
18,597

 
19,047

 
—

Total Loans
$
—

 
$
810

 
$
1,698

 
$
2,508

 
$
513,193

 
$
515,701

 
$
19


The following is a summary of delinquent loans at December 31, 2014 (in 000's):
December 31, 2014
Loans
30-60 Days Past Due
 
Loans
61-89 Days Past Due
 
Loans
90 or More
Days Past Due
 
Total Past Due Loans
 
Current Loans
 
Total Loans
 
Accruing
Loans 90 or
More Days Past Due
Commercial and Business Loans
$
962

 
$
—

 
$
—

 
$
962

 
$
59,460

 
$
60,422

 
$
—

Government Program Loans
445

 
—

 
—

 
445

 
1,502

 
1,947

 
—

Total Commercial and Industrial
1,407

 
—

 
—

 
1,407

 
60,962

 
62,369

 
—

Commercial Real Estate Loans
463

 
—

 
—

 
463

 
154,209

 
154,672

 
—

Residential Mortgages
—

 
90

 
162

 
252

 
58,843

 
59,095

 
—

Home Improvement and Home Equity Loans
43

 
—

 
42

 
85

 
1,025

 
1,110

 
—

Total Real Estate Mortgage
506

 
90

 
204

 
800

 
214,077

 
214,877

 
—

Real Estate Construction and Development Loans
—

 
—

 
—

 
—

 
137,158

 
137,158

 
—

Agricultural Loans
—

 
—

 
—

 
—

 
31,713

 
31,713

 
—

Consumer Loans
67

 
—

 
—

 
67

 
11,428

 
11,495

 
—

Overdraft Protection Lines
—

 
—

 
—

 
—

 
92

 
92

 
—

Overdrafts
—

 
—

 
—

 
—

 
215

 
215

 
—

Total Installment
67

 
—

 
—

 
67

 
11,735

 
11,802

 
—

Total Loans
$
1,980

 
$
90

 
$
204

 
$
2,274

 
$
455,645

 
$
457,919

 
$
—
Nonaccrual Loan Balances
The following is a summary of nonaccrual loan balances at September 30, 2015 and December 31, 2014 (in 000's).
 
September 30, 2015
 
December 31, 2014
Commercial and Business Loans
$
962

 
$
12

Government Program Loans
348

 
421

Total Commercial and Industrial
1,310

 
433

 
 
 
 
Commercial Real Estate Loans
1,280

 
3,145

Residential Mortgages
267

 
1,174

Home Improvement and Home Equity Loans
—

 
42

Total Real Estate Mortgage
1,547

 
4,361

 
 
 
 
Real Estate Construction and Development Loans
4,941

 
5,141

 Agricultural Loans
—

 
—

 
 
 
 
Consumer Loans
450

 
—

Overdraft Protection Lines
—

 
—

Overdrafts
—

 
—

Total Installment
450

 
—

Total Loans
$
8,248

 
$
9,935
Impaired Loans
The following is a summary of impaired loans at September 30, 2015 (in 000's).
September 30, 2015
Unpaid
Contractual
Principal Balance
 
Recorded
Investment
With No Allowance (1)
 
Recorded
Investment
With Allowance (1)
 
Total
Recorded Investment
 
Related Allowance
 
Average
Recorded Investment (2)
 
Interest Recognized (2)
Commercial and Business Loans
$
1,723

 
$
530

 
$
1,195

 
$
1,725

 
$
1,019

 
$
1,568

 
$
28

Government Program Loans
348

 
348

 
—

 
348

 
—

 
381

 
22

Total Commercial and Industrial
2,071

 
878

 
1,195

 
2,073

 
1,019

 
1,949

 
50

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate Loans
1,279

 
—

 
1,279

 
1,279

 
512

 
2,093

 
51

Residential Mortgages
3,827

 
1,222

 
2,613

 
3,835

 
160

 
4,161

 
153

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
—

 
21

 
—

Total Real Estate Mortgage
5,106

 
1,222

 
3,892

 
5,114

 
672

 
6,275

 
204

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real Estate Construction and Development Loans
6,114

 
5,411

 
708

 
6,119

 
143

 
6,244

 
303

Agricultural Loans
20

 
20

 
—

 
20

 
—

 
27

 
7

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer Loans
1,100

 
—

 
1,105

 
1,105

 
585

 
1,055

 
26

Overdraft Protection Lines
—

 
—

 
—

 
—

 
—

 
—

 
—

Overdrafts
—

 
—

 
—

 
—

 
—

 
—

 
—

Total Installment
1,100

 
—

 
1,105

 
1,105

 
585

 
1,055

 
26

Total Impaired Loans
$
14,411

 
$
7,531

 
$
6,900

 
$
14,431

 
$
2,419

 
$
15,550

 
$
590


(1) The recorded investment in loans includes accrued interest receivable of $20,000.
(2) Information is based on the nine month period ended September 30, 2015.    

The following is a summary of impaired loans at December 31, 2014 (in 000's).

December 31, 2014
Unpaid
Contractual
Principal Balance
 
Recorded
Investment
With No Allowance (1)
 
Recorded
Investment
With Allowance (1)
 
Total
Recorded Investment
 
Related Allowance
 
Average
Recorded Investment (2)
 
Interest Recognized (2)
Commercial and Business Loans
$
996

 
$
770

 
$
230

 
$
1,000

 
$
64

 
$
847

 
$
76

Government Program Loans
421

 
421

 
—

 
421

 
—

 
250

 
28

Total Commercial and Industrial
1,417

 
1,191

 
230

 
1,421

 
64

 
1,097

 
104

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate Loans
3,145

 
1,794

 
1,351

 
3,145

 
478

 
5,765

 
244

Residential Mortgages
4,315

 
1,474

 
2,852

 
4,326

 
170

 
4,564

 
188

Home Improvement and Home Equity Loans
42

 
42

 
—

 
42

 
—

 
11

 
3

Total Real Estate Mortgage
7,502

 
3,310

 
4,203

 
7,513

 
648

 
10,340

 
435

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real Estate Construction and Development Loans
6,367

 
6,371

 
—

 
6,371

 
—

 
3,362

 
209

Agricultural Loans
32

 
32

 
—

 
32

 
—

 
37

 
9

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer Loans
695

 
655

 
45

 
700

 
3

 
209

 
37

Overdraft Protection Lines
—

 
—

 
—

 
—

 
—

 
—

 
—

Overdrafts
—

 
—

 
—

 
—

 
—

 
—

 
—

Total Installment
695

 
655

 
45

 
700

 
3

 
209

 
37

Total Impaired Loans
$
16,013

 
$
11,559

 
$
4,478

 
$
16,037

 
$
715

 
$
15,045

 
$
794



(1) The recorded investment in loans includes accrued interest receivable of $24,000.
(2) Information is based on the twelve month period ended December 31, 2014.
Troubled Debt Restructuring Activity
The following tables illustrates TDR activity for the periods indicated:
 
Three Months Ended September 30, 2015
($ in 000's)
Number of
Contracts
 
Pre-
Modification
Outstanding
Recorded
Investment
 
Post-
Modification
Outstanding
Recorded
Investment
 
Number of Contracts which Defaulted During Period
 
Recorded Investment on Defaulted TDRs
Troubled Debt Restructurings
 
 
 
 
 
 
 
 
 
Commercial and Business Loans
1

 
$
81

 
$
81

 
—

 
$
—

Government Program Loans
—

 
—

 
—

 
—

 
—

Commercial Real Estate Term Loans
—

 
—

 
—

 
—

 
—

Single Family Residential Loans
—

 
—

 
—

 
—

 
—

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
—

Real Estate Construction and Development Loans
—

 
—

 
—

 
—

 
—

Agricultural Loans
—

 
—

 
—

 
—

 
—

Consumer Loans
—

 
—

 
—

 
—

 
—

Overdraft Protection Lines
—

 
—

 
—

 
—

 
—

Total Loans
1

 
$
81

 
$
81

 
—

 
$
—



 
Nine Months Ended September 30, 2015
 
Number of
Contracts
 
Pre-
Modification
Outstanding
Recorded
Investment
 
Post-
Modification
Outstanding
Recorded
Investment
 
Number of Contracts which Defaulted During Period
 
Recorded Investment on Defaulted TDRs
Troubled Debt Restructurings
 
 
 
 
 
 
 
 
 
Commercial and Business Loans
2

 
$
339

 
$
335

 
—

 
$
—

Government Program Loans
—

 
—

 
—

 
—

 
—

Commercial Real Estate Term Loans
—

 
—

 
—

 
—

 
—

Single Family Residential Loans
—

 
—

 
—

 
—

 
—

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
—

Real Estate Construction and Development Loans
—

 
—

 
—

 
—

 
—

Agricultural Loans
—

 
—

 
—

 
—

 
—

Consumer Loans
—

 
—

 
—

 
—

 
—

Overdraft Protection Lines
—

 
—

 
—

 
—

 
—

Total Loans
2

 
$
339

 
$
335

 
—

 
$
—


 
Three Months Ended  
 September 30, 2014
($ in 000's)
Number of
Contracts
 
Pre-
Modification
Outstanding
Recorded
Investment
 
Post-
Modification
Outstanding
Recorded
Investment
 
Number of Contracts which Defaulted During Period
 
Recorded Investment on Defaulted TDRs
Troubled Debt Restructurings
 
 
 
 
 
 
 
 
 
Commercial and Business Loans
2

 
$
300

 
$
286

 
—

 
$
—

Government Program Loans
—

 
—

 
—

 
—

 
—

Commercial Real Estate Term Loans
—

 
—

 
—

 
—

 
—

Single Family Residential Loans
—

 
—

 
—

 
1

 
162

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
—

Real Estate Construction and Development Loans
—

 
—

 
—

 
—

 
—

Agricultural Loans
—

 
—

 
—

 
—

 
—

Consumer Loans
—

 
—

 
—

 
—

 
—

Overdraft Protection Lines
—

 
—

 
—

 
—

 
—

Total Loans
2

 
$
300

 
$
286

 
1

 
$
162


 
Nine Months Ended September 30, 2014
($ in 000's)
Number of
Contracts
 
Pre-
Modification
Outstanding
Recorded
Investment
 
Post-
Modification
Outstanding
Recorded
Investment
 
Number of Contracts which Defaulted During Period
 
Recorded Investment on Defaulted TDRs
Troubled Debt Restructurings
 
 
 
 
 
 
 
 
 
Commercial and Business Loans
3

 
$
350

 
$
335

 
1

 
$
—

Government Program Loans
1

 
544

 
534

 
1

 
—

Commercial Real Estate Term Loans
—

 
—

 
—

 
—

 
—

Single Family Residential Loans
—

 
—

 
—

 
3

 
657

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
—

Real Estate Construction and Development Loans
—

 
—

 
—

 
2

 
394

Agricultural Loans
—

 
—

 
—

 
—

 
—

Consumer Loans
—

 
—

 
—

 
—

 
—

Overdraft Protection Lines
—

 
—

 
—

 
—

 
—

Total Loans
4

 
$
894

 
$
869

 
7

 
$
1,051
TDR Activity by Loan Category
The following tables summarize TDR activity by loan category for the nine months ended September 30, 2015 and September 30, 2014 (in 000's).
Nine Months Ended September 30, 2015
Commercial and Industrial
 
Commercial Real Estate
 
Residential Mortgages
 
Home Improvement and Home Equity
 
Real Estate Construction Development
 
Agricultural
 
Installment
& Other
 
Total
Beginning balance
$
1,306

 
$
2,713

 
$
4,225

 
$
—

 
$
6,029

 
$
32

 
$
695

 
$
15,000

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Defaults
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Additions
81

 
—

 
256

 
—

 
—

 
—

 
—

 
337

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal reductions
(376
)
 
(1,434
)
 
(922
)
 
—

 
(236
)
 
(12
)
 
(45
)
 
(3,025
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,011

 
$
1,279

 
$
3,559

 
$
—

 
$
5,793

 
$
20

 
$
650

 
$
12,312

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan loss
$
36

 
$
512

 
$
160

 
$
—

 
$
79

 
$
—

 
$
135

 
$
922



Nine Months Ended September 30, 2014
Commercial and Industrial
 
Commercial Real Estate
 
Residential Mortgages
 
Home Improvement and Home Equity
 
Real Estate Construction Development
 
Agricultural
 
Installment
& Other
 
Total
Beginning balance
$
675

 
$
1,468

 
$
5,273

 
$
—

 
$
1,551

 
$
44

 
$
48

 
$
9,059

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Defaults
—

 
—

 
(656
)
 
—

 
(395
)
 
—

 
—

 
(1,051
)
Additions
894

 
—

 
—

 
—

 
—

 
—

 
—

 
894

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal reductions
(694
)
 
(88
)
 
(360
)
 
—

 
(670
)
 
(9
)
 
(3
)
 
(1,824
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
875

 
$
1,380

 
$
4,257

 
$
—

 
$
486

 
$
35

 
$
45

 
$
7,078

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan loss
$
47

 
$
486

 
$
184

 
$
—

 
$
—

 
$
—

 
$
2

 
$
719


The following tables summarize TDR activity by loan category for the quarters ended September 30, 2015 and September 30, 2014.
Three months ended September 30, 2015
Commercial and Industrial
 
Commercial Real Estate
 
Residential Mortgages
 
Home Improvement and Home Equity
 
Real Estate Construction Development
 
Agricultural
 
Installment
& Other
 
Total
Beginning balance
$
975

 
$
1,302

 
$
3,638

 
$
—

 
$
5,870

 
$
24

 
$
650

 
$
12,459

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Defaults
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Additions
81

 
—

 
—

 
—

 
—

 
—

 
—

 
81

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal reductions
(45
)
 
(23
)
 
(79
)
 
—

 
(77
)
 
(4
)
 
—

 
(228
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,011

 
$
1,279

 
$
3,559

 
$
—

 
$
5,793

 
$
20

 
$
650

 
$
12,312

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan loss
$
36

 
$
512

 
$
160

 
$
0

 
$
79

 
$
—

 
$
135

 
$
922


Three months ended September 30, 2014
Commercial and Industrial
 
Commercial Real Estate
 
Residential Mortgages
 
Home Improvement and Home Equity
 
Real Estate Construction Development
 
Agricultural
 
Installment
& Other
 
Total
Beginning balance
$
1,107

 
$
1,410

 
$
4,536

 
$
—

 
$
490

 
$
38

 
$
46

 
$
7,627

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Defaults
—

 
—

 
(162
)
 
—

 
—

 
—

 
—

 
(162
)
Additions
300

 
—

 
—

 
—

 
—

 
—

 
—

 
300

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal reductions
(532
)
 
(30
)
 
(117
)
 
—

 
(4
)
 
(3
)
 
(1
)
 
(687
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
875

 
$
1,380

 
$
4,257

 
$
—

 
$
486

 
$
35

 
$
45

 
$
7,078

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan loss
$
47

 
$
486

 
$
184

 
$
—

 
$
—

 
$
—

 
$
2

 
$
719
Credit Risk Rating for Commercial, Construction and Non-Consumer Related Loans
The following tables summarize the credit risk ratings for commercial, construction, and other non-consumer related loans for September 30, 2015 and December 31, 2014:
 
Commercial and Industrial
 
Commercial Real Estate
 
Real Estate Construction and Development
 
Agricultural
 
Total
September 30, 2015
 
 
 
 
(in 000's)
 
 
 
 
Grades 1 and 2
$
686

 
$
—

 
$
—

 
$
50

 
$
736

Grade 3
2,009

 
6,005

 
—

 
—

 
8,014

Grades 4 and 5 – pass
54,775

 
155,436

 
129,524

 
42,975

 
382,710

Grade 6 – special mention
5,189

 
2,345

 
—

 
—

 
7,534

Grade 7 – substandard
643

 
1,279

 
21,364

 
—

 
23,286

Grade 8 – doubtful
962

 
—

 
—

 
—

 
962

Total
$
64,264

 
$
165,065

 
$
150,888

 
$
43,025

 
$
423,242

 
Commercial and Industrial
 
Commercial Real Estate
 
Real Estate Construction and Development
 
Agricultural
 
Total
December 31, 2014
 
 
 
 
(in 000's)
 
 
 
 
Grades 1 and 2
$
591

 
$
—

 
$
—

 
$
—

 
$
591

Grade 3
2,012

 
4,808

 
775

 
—

 
7,595

Grades 4 and 5 – pass
58,179

 
144,230

 
114,766

 
31,600

 
348,775

Grade 6 – special mention
342

 
1,095

 
—

 
113

 
1,550

Grade 7 – substandard
1,245

 
4,539

 
21,617

 
—

 
27,401

Grade 8 – doubtful
—

 
—

 
—

 
—

 
—

Total
$
62,369

 
$
154,672

 
$
137,158

 
$
31,713

 
$
385,912
Credit Risk Ratings for Consumer Related Loans and Other Homogenous Loans
The following tables summarize the credit risk ratings for consumer related loans and other homogeneous loans for September 30, 2015 and December 31, 2014:
 
September 30, 2015
 
December 31, 2014
 
Residential Mortgages
 
Home
Improvement and Home Equity
 
Installment
 
Total
 
Residential Mortgages
 
Home
Improvement and Home Equity
 
Installment
 
Total
(in 000's)
 
 
 
 
 
 
 
Not graded
$
50,486

 
$
931

 
$
17,061

 
$
68,478

 
$
38,207

 
$
1,038

 
$
10,287

 
$
49,532

Pass
19,868

 
29

 
886

 
20,783

 
17,887

 
30

 
865

 
18,782

Special Mention
—

 
—

 
—

 
—

 
216

 
—

 
—

 
216

Substandard
2,098

 
—

 
1,100

 
3,198

 
2,785

 
42

 
650

 
3,477

Total
$
72,452

 
$
960

 
$
19,047

 
$
92,459

 
$
59,095

 
$
1,110

 
$
11,802

 
$
72,007
Allowance for Credit Loses by Loan Category
The following summarizes the activity in the allowance for credit losses by loan category for the nine months ended September 30, 2015 and 2014 (in 000's).
Nine Months Ended
Commercial and Industrial
 
Real Estate Mortgage
 
Real Estate Construction Development
 
 Agricultural
 
Installment & Other
 
Commercial Lease Financing
 
 Unallocated
 
Total
September 30, 2015
 
 
 
 
 
 
 
Beginning balance
$
1,219

 
$
1,653

 
$
6,278

 
$
481

 
$
293

 
$
—

 
$
847

 
$
10,771

Provision for credit losses
834

 
(209
)
 
(426
)
 
69

 
729

 
—

 
(563
)
 
434

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
(387
)
 
—

 
—

 
—

 
(17
)
 
—

 
(9
)
 
(413
)
Recoveries
581

 
131

 
60

 
—

 
8

 
—

 
1

 
781

Net recoveries
194

 
131

 
60

 
—

 
(9
)
 
—

 
(8
)
 
368

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
2,247

 
$
1,575

 
$
5,912

 
$
550

 
$
1,013

 
$
—

 
$
276

 
$
11,573

Period-end amount allocated to:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
1,019

 
672

 
143

 
—

 
585

 
—

 
—

 
2,419

Loans collectively evaluated for impairment
1,228

 
903

 
5,769

 
550

 
428

 
—

 
276

 
9,154

Ending balance
$
2,247

 
$
1,575

 
$
5,912

 
$
550

 
$
1,013

 
$
—

 
$
276

 
$
11,573


Nine Months Ended
Commercial and Industrial
 
Real Estate Mortgage
 
Real Estate Construction Development
 
 Agricultural
 
Installment & Other
 
Commercial Lease Financing
 
 Unallocated
 
Total
September 30, 2014
 
 
 
 
 
 
 
Beginning balance
$
2,340

 
$
1,862

 
$
5,533

 
$
582

 
$
276

 
$
—

 
$
395

 
$
10,988

Recovery of provision for credit losses
(877
)
 
55

 
253

 
(76
)
 
64

 
(46
)
 
526

 
(101
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
(183
)
 
(131
)
 
(60
)
 
—

 
—

 
—

 
(10
)
 
(384
)
Recoveries
181

 
13

 
319

 
6

 
47

 
46

 
—

 
612

Net charge-offs
(2
)
 
(118
)
 
259

 
6

 
47

 
46

 
(10
)
 
228

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,461

 
$
1,799

 
$
6,045

 
$
512

 
$
387

 
—

 
$
911

 
$
11,115

Period-end amount allocated to:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
47

 
670

 
—

 
—

 
2

 
—

 
—

 
719

Loans collectively evaluated for impairment
1,414

 
1,129

 
6,045

 
512

 
385

 
—

 
911

 
10,396

Ending balance
$
1,461

 
$
1,799

 
$
6,045

 
$
512

 
$
387

 
—

 
$
911

 
$
11,115


Three Months Ended
Commercial and Industrial
 
Real Estate Mortgage
 
Real Estate Construction Development
 
 Agricultural
 
Installment & Other
 
Commercial Lease Financing
 
 Unallocated
 
Total
September 30, 2015
 
 
 
 
 
 
 
Beginning balance
$
2,217

 
$
1,609

 
$
6,360

 
$
450

 
$
815

 
$
—

 
$
101

 
$
11,552

Recovery of provision for credit losses
22

 
(39
)
 
(477
)
 
100

 
194

 
—

 
177

 
(23
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
(2
)
 
—

 
—

 
—

 
—

 
—

 
(2
)
 
(4
)
Recoveries
10

 
5

 
29

 
—

 
4

 
—

 
—

 
48

Net charge-offs
8

 
5

 
29

 
—

 
4

 
—

 
(2
)
 
44

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
2,247

 
$
1,575

 
$
5,912

 
$
550

 
$
1,013

 
$
—

 
$
276

 
$
11,573

Period-end amount allocated to:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
1,019

 
672

 
143

 
—

 
585

 
—

 
—

 
2,419

Loans collectively evaluated for impairment
1,228

 
903

 
5,769

 
550

 
428

 
—

 
276

 
9,154

Ending balance
$
2,247

 
$
1,575

 
$
5,912

 
$
550

 
$
1,013

 
$
—

 
$
276

 
$
11,573




Three Months Ended
Commercial and Industrial
 
Real Estate Mortgage
 
Real Estate Construction Development
 
 Agricultural
 
Installment & Other
 
Commercial Lease Financing
 
 Unallocated
 
Total
September 30, 2014
 
 
 
 
 
 
 
Beginning balance
$
1,396

 
$
1,688

 
$
6,452

 
$
494

 
$
288

 
$
—

 
$
730

 
$
11,048

Provision for credit losses
149

 
106

 
(505
)
 
16

 
88

 
—

 
185

 
39

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
(93
)
 
—

 
—

 
—

 
—

 
—

 
(4
)
 
(97
)
Recoveries
9

 
5

 
98

 
2

 
11

 
—

 
—

 
125

Net charge-offs
(84
)
 
5

 
98

 
2

 
11

 
—

 
(4
)
 
28

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,461

 
$
1,799

 
$
6,045

 
$
512

 
$
387

 
$
—

 
$
911

 
$
11,115

Period-end amount allocated to:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
47

 
670

 
—

 
—

 
2

 
—

 
—

 
719

Loans collectively evaluated for impairment
1,414

 
1,129

 
6,045

 
512

 
385

 
—

 
911

 
10,396

Ending balance
$
1,461

 
$
1,799

 
$
6,045

 
$
512

 
$
387

 
$
—

 
$
911

 
$
11,115
Summarized Loan Balances
The following summarizes information with respect to the loan balances at September 30, 2015 and 2014.
 
September 30, 2015
 
September 30, 2014
 
Loans
Individually
Evaluated for Impairment
 
Loans
Collectively
Evaluated for Impairment
 
Total Loans
 
Loans
Individually
Evaluated for Impairment
 
Loans
Collectively
Evaluated for Impairment
 
Total Loans
(in 000's)
 
 
 
 
 
Commercial and Business Loans
$
1,725

 
$
60,923

 
$
62,648

 
$
967

 
$
66,398

 
$
67,365

Government Program Loans
348

 
1,268

 
1,616

 
41

 
1,919

 
1,960

Total Commercial and Industrial
2,073

 
62,191

 
64,264

 
1,008

 
68,317

 
69,325

 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate Loans
1,279

 
163,786

 
165,065

 
3,243

 
151,166

 
154,409

Residential Mortgage Loans
3,835

 
68,617

 
72,452

 
4,360

 
57,359

 
61,719

Home Improvement and Home Equity Loans
—

 
960

 
960

 
—

 
1,186

 
1,186

Total Real Estate Mortgage
5,114

 
233,363

 
238,477

 
7,603

 
209,711

 
217,314

 
 
 
 
 
 
 
 
 
 
 
 
Real Estate Construction and Development Loans
6,119

 
144,769

 
150,888

 
5,695

 
110,888

 
116,583

 
 
 
 
 
 
 
 
 
 
 
 
Agricultural Loans
20

 
43,005

 
43,025

 
35

 
32,835

 
32,870

 
 
 
 
 
 
 
 
 
 
 
 
Installment Loans
1,105

 
17,942

 
19,047

 
45

 
11,299

 
11,344

 
 
 
 
 
 
 
 
 
 
 
 
Total Loans
$
14,431

 
$
501,270

 
$
515,701

 
$
14,386

 
$
433,050

 
$
447,436