Quarterly report pursuant to Section 13 or 15(d)

LOANS, NET (Tables)

v3.5.0.2
LOANS, NET (Tables)
 6 Months Ended
Jun. 30, 2016
Receivables [Abstract]  
Schedule of composition of the loan portfolio
(Dollars in Thousands) June 30, 2016   December 31, 2015
Commercial, Financial and Agricultural $ 207,105   $ 179,816
Real Estate – Construction   46,930     46,484
Real Estate – Commercial Mortgage   485,329     499,813
Real Estate – Residential(1)   291,192     290,585
Real Estate – Home Equity   235,394     233,901
Consumer   254,524     241,676
Loans, Net of Unearned Income $ 1,520,474   $ 1,492,275
Schedule of recorded investment in nonaccrual loans and loans past due over 90 days and still on accrual by class of loans
June 30, 2016   December 31, 2015
(Dollars in Thousands) Nonaccrual   90 + Days Nonaccrual 90 + Days
Commercial, Financial and Agricultural $ 163 $ - $ 96 $ -
Real Estate – Construction   123 - 97 -
Real Estate – Commercial Mortgage   4,308 - 4,191 -
Real Estate – Residential   2,701 - 4,739 -
Real Estate – Home Equity   864 - 1,017 -
Consumer   55 - 165 -
Total Nonaccrual Loans $ 8,214 $ - $ 10,305 $ -
Schedule of aging of past due loans by class of loans
30-59 60-89 90 + Total Total Total
(Dollars in Thousands) DPD DPD DPD Past Due Current Loans
June 30, 2016
Commercial, Financial and Agricultural $ 99 $ 197 $ - $ 296 $ 206,646 $ 207,105
Real Estate – Construction   - - - - 46,807 46,930
Real Estate – Commercial Mortgage   679 161 - 840 480,181 485,329
Real Estate – Residential   565 438 - 1,003 287,488 291,192
Real Estate – Home Equity   424 46 - 470 234,060 235,394
Consumer   997 266 - 1,263 253,206 254,524
Total Past Due Loans $ 2,764 $ 1,108 $ - $ 3,872 $ 1,508,388 $ 1,520,474
December 31, 2015
Commercial, Financial and Agricultural $ 153 $ 18 $ - $ 171 $ 179,549 $ 179,816
Real Estate – Construction   690 - - 690 45,697 46,484
Real Estate – Commercial Mortgage   754 1,229 - 1,983 493,639 499,813
Real Estate – Residential   567 347 - 914 284,932 290,585
Real Estate – Home Equity   787 97 - 884 232,000 233,901
Consumer   735 398 - 1,133 240,378 241,676
Total Past Due Loans $ 3,686 $ 2,089 $ - $ 5,775 $ 1,476,195 $ 1,492,275
Schedule of activity in the allowance for loan losses by portfolio class
Commercial, Real Estate
Financial, Real Estate Commercial Real Estate Real Estate
(Dollars in Thousands) Agricultural Construction Mortgage Residential Home Equity Consumer Total
Three Months Ended
June 30, 2016
Beginning Balance $ 883 $ 101 $ 4,349 $ 4,137 $ 2,435 $ 1,708 $ 13,613
Provision for Loan Losses 420 25 (197) (676) 21 310 (97)
Charge-Offs (304) - - (205) (146) (438) (1,093)
Recoveries 49 - 237 579 81 308 1,254
Net Charge-Offs (255) - 237 374 (65) (130) 161
Ending Balance $ 1,048 $ 126 $ 4,389 $ 3,835 $ 2,391 $ 1,888 $ 13,677
Six Months Ended
June 30, 2016
Beginning Balance $ 905 $ 101 $ 4,498 $ 4,409 $ 2,473 $ 1,567 $ 13,953
Provision for Loan Losses 396 25 (153) (706) 139 654 355
Charge-Offs (341) - (274) (683) (361) (877) (2,536)
Recoveries 88 - 318 815 140 544 1,905
Net Charge-Offs (253) - 44 132 (221) (333) (631)
Ending Balance $ 1,048 $ 126 $ 4,389 $ 3,835 $ 2,391 $ 1,888 $ 13,677
Three Months Ended
June 30, 2015
Beginning Balance $ 903 $ 574 $ 4,501 $ 6,195 $ 2,547 $ 1,370 $ 16,090
Provision for Loan Losses 171 (214) 5 (257) 410 260 375
Charge-Offs (239) - (285) (484) (454) (351) (1,813)
Recoveries 82 - 54 200 33 215 584
Net Charge-Offs (157) - (231) (284) (421) (136) (1,229)
Ending Balance $ 917 $ 360 $ 4,275 $ 5,654 $ 2,536 $ 1,494 $ 15,236
Six Months Ended
June 30, 2015
Beginning Balance $ 784 $ 843 $ 5,287 $ 6,520 $ 2,882 $ 1,223 $ 17,539
Provision for Loan Losses 525 (483) 93 (325) 233 625 668
Charge-Offs (529) - (1,189) (789) (636) (927) (4,070)
Recoveries 137 - 84 248 57 573 1,099
Net Charge-Offs (392) - (1,105) (541) (579) (354) (2,971)
Ending Balance $ 917 $ 360 $ 4,275 $ 5,654 $ 2,536 $ 1,494 $ 15,236
Schedule of allowance for loan losses by portfolio class and disaggregated on the basis of the impairment methodology
Commercial, Real Estate
Financial, Real Estate Commercial Real Estate Real Estate
(Dollars in Thousands) Agricultural Construction Mortgage Residential Home Equity Consumer Total
June 30, 2016
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 69 $ - $ 1,953 $ 1,868 $ 318 $ 9 $ 4,217
Loans Collectively
Evaluated for Impairment 979 126 2,436 1,967 2,073 1,879 9,460
Ending Balance $ 1,048 $ 126 $ 4,389 $ 3,835 $ 2,391 $ 1,888 $ 13,677
December 31, 2015
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 77 $ - $ 2,049 $ 2,118 $ 384 $ 18 $ 4,646
Loans Collectively
Evaluated for Impairment 828 101 2,449 2,291 2,089 1,549 9,307
Ending Balance $ 905 $ 101 $ 4,498 $ 4,409 $ 2,473 $ 1,567 $ 13,953
June 30, 2015
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 288 $ - $ 2,070 $ 1,980 $ 453 $ 12 $ 4,803
Loans Collectively
Evaluated for Impairment 629 360 2,205 3,674 2,083 1,482 10,433
Ending Balance $ 917 $ 360 $ 4,275 $ 5,654 $ 2,536 $ 1,494 $ 15,236
Schedule of allowance for loan losses by portfolio class
Commercial, Real Estate
Financial, Real Estate Commercial Real Estate Real Estate
(Dollars in Thousands) Agricultural Construction Mortgage Residential Home Equity Consumer Total
June 30, 2016
Individually Evaluated for
Impairment $ 793 $ - $ 20,589 $ 17,725 $ 2,872 $ 206 $ 42,185
Collectively Evaluated for
Impairment 206,312 46,930 464,740 273,467 232,522 254,318 1,478,289
Total $ 207,105 $ 46,930 $ 485,329 $ 291,192 $ 235,394 $ 254,524 $ 1,520,474
December 31, 2015
Individually Evaluated for
Impairment $ 834 $ 97 $ 20,847 $ 18,569 $ 3,144 $ 261 $ 43,752
Collectively Evaluated for
Impairment 178,982 46,387 478,966 272,016 230,757 241,415 1,448,523
Total $ 179,816 $ 46,484 $ 499,813 $ 290,585 $ 233,901 $ 241,676 $ 1,492,275
June 30, 2015
Individually Evaluated for
Impairment $ 1,072 $ 311 $ 29,746 $ 18,918 $ 2,960 $ 171 $ 53,178
Collectively Evaluated for
Impairment 150,044 43,905 481,216 277,463 227,428 241,031 1,421,087
Total $ 151,116 $ 44,216 $ 510,962 $ 296,381 $ 230,388 $ 241,202 $ 1,474,265
Schedule of loans individually evaluated for impairment by class of loans
Unpaid Recorded Recorded
Principal Investment Investment Related
(Dollars in Thousands) Balance With No Allowance With Allowance Allowance
June 30, 2016
Commercial, Financial and Agricultural $ 793 $ 268 $ 525 $ 69
Real Estate – Construction - - - -
Real Estate – Commercial Mortgage 20,589 4,064 16,525 1,953
Real Estate – Residential 17,725 2,769 14,956 1,868
Real Estate – Home Equity 2,872 831 2,041 318
Consumer 206 45 161 9
Total $ 42,185 $ 7,977 $ 34,208 $ 4,217
December 31, 2015
Commercial, Financial and Agricultural $ 834 $ 279 $ 555 $ 77
Real Estate – Construction 97 97 - -
Real Estate – Commercial Mortgage 20,847 3,265 17,582 2,049
Real Estate – Residential 18,569 2,941 15,628 2,118
Real Estate – Home Equity 3,144 1,101 2,043 384
Consumer 261 79 182 18
Total $ 43,752 $ 7,762 $ 35,990 $ 4,646
Schedule of Average recorded investment and interest income recognized by class of impaired loans
Three Months Ended June 30, Six Months Ended June 30,
  2016   2015   2016 2015
Average Total Average Total Average Total Average Total
Recorded Interest Recorded Interest Recorded Interest Recorded Interest
 (Dollars in Thousands) Investment Income Investment Income Investment Income Investment Income
Commercial, Financial and
Agricultural $ 802 $ 12 $ 1,162 $ 11   $ 813 $ 25 $ 1,121 $ 22
Real Estate – Construction   - -   356 -     32 -   371 -
Real Estate – Commercial Mortgage 20,694 216 30,480 310 20,745 455 31,067 571
Real Estate – Residential   17,973 196   19,379 214     18,172 405   19,626 411
Real Estate – Home Equity   3,042 29   3,042 23     3,076 56   3,053 43
Consumer   206 2   183 2     224 4   194 4
Total $ 42,717 $ 455 $ 54,602 $ 560   $ 43,062 $ 945 $ 55,432 $ 1,051
Schedule of risk category of loans by segment
Commercial,
Financial, Total Criticized
(Dollars in Thousands) Agriculture Real Estate Consumer Loans
June 30, 2016
Special Mention $ 3,023 $ 29,868 $ 71 $ 32,962
Substandard   1,553   42,952   553   45,058
Doubtful   -   -   -   -
Total Criticized Loans $ 4,576 $ 72,820 $ 624 $ 78,020
December 31, 2015
Special Mention $ 5,938 $ 27,838 $ 69 $ 33,845
Substandard   1,307   51,425   819   53,551
Doubtful   -   -   -   -
Total Criticized Loans $ 7,245 $ 79,263 $ 888 $ 87,396
Schedule of troubled debt restructurings loans
June 30, 2016 December 31, 2015
(Dollars in Thousands) Accruing Nonaccruing Accruing   Nonaccruing
Commercial, Financial and Agricultural $ 857 $ - $ 897 $ -
Real Estate – Construction - -   - -
Real Estate – Commercial Mortgage 16,444 1,328   16,621 1,070
Real Estate – Residential 15,297 685   14,979 1,582
Real Estate – Home Equity 2,734 -   2,914 -
Consumer 194 -   223 35
Total TDRs $ 35,526 $ 2,013 $ 35,634 $ 2,687
Schedule of loans classified as TDRs
  Three Months Ended June 30,   Six Months Ended June 30,
2016 2016
Pre- Post- Pre- Post-
Number Modified Modified   Number Modified Modified
of Recorded Recorded of Recorded Recorded
(Dollars in Thousands) Contracts Investment Investment Contracts Investment Investment
Commercial, Financial and Agricultural - $ - $ -   -   $ -   $ -
Real Estate – Construction - - -   -     -     -
Real Estate – Commercial Mortgage - - -   1     332     332
Real Estate – Residential 1 90 90   6     589     590
Real Estate – Home Equity - - -   4     188     189
Consumer - - -   -     -     -
Total TDRs 1 $ 90  $ 90   11   $ 1,109   $ 1,111
  Three Months Ended June 30,   Six Months Ended June 30,
2015 2015
Pre- Post- Pre- Post-
Number Modified Modified   Number   Modified   Modified
of Recorded Recorded of Recorded Recorded
(Dollars in Thousands) Contracts Investment Investment Contracts Investment Investment
Commercial, Financial and Agricultural - $ - $ -   -   $ -   $ -
Real Estate – Construction - - -   -     -     -
Real Estate – Commercial Mortgage 1 58 58   2     515     515
Real Estate – Residential 1 204 204   5     668     641
Real Estate – Home Equity - - -   -     -     -
Consumer - - -   -     -     -
Total TDRs 2 $ 262  $ 262   7   $ 1,183   $ 1,156
Schedule of loans modified as TDRs within the previous 12 months and subsequently defaulted
  Three Months Ended June 30,   Six Months Ended June 30,
2016 2016
Number Post-Modified   Number   Post-Modified
of Recorded of Recorded
(Dollars in Thousands) Contracts Investment(1) Contracts Investment(1)
Commercial, Financial and Agricultural - $ -   -   $ -
Real Estate – Construction - -   -     -
Real Estate – Commercial Mortgage - -   -     -
Real Estate – Residential 1 98   1     98
Real Estate – Home Equity - -   1     3
Consumer - -   1     35
Total TDRs 1 $ 98   3   $ 136
Schedule of loans modified as TDRs information
  Three Months Ended June 30,   Six Months Ended June 30,
2016 2016
Number of Recorded Number of Recorded
(Dollars in Thousands) Contracts Investment(1) Contracts Investment(1)
Extended amortization 1 $ 90   1   $ 90
Interest rate adjustment - -   -     -
Extended amortization and interest rate adjustment - -   10     1,021
Total TDRs 1 $ 90   11   $ 1,111

  Three Months Ended June 30,   Six Months Ended June 30,
2015 2015
Number of Recorded Number of Recorded
(Dollars in Thousands) Contracts Investment(1) Contracts Investment(1)
Extended amortization - $ -   1   $ 118
Interest rate adjustment - -   1     156
Extended amortization and interest rate adjustment 2 262   5     882
Total TDRs 2 $ 262   7   $ 1,156