Quarterly report pursuant to Section 13 or 15(d)

LOANS, NET (Tables)

v3.5.0.2
LOANS, NET (Tables)
 9 Months Ended
Sep. 30, 2016
Receivables [Abstract]  
Schedule of composition of the loan portfolio
(Dollars in Thousands) September 30, 2016   December 31, 2015
Commercial, Financial and Agricultural $ 223,278   $ 179,816
Real Estate – Construction   54,107     46,484
Real Estate – Commercial Mortgage   497,775     499,813
Real Estate – Residential(1)   287,068     290,585
Real Estate – Home Equity   235,433     233,901
Consumer   259,851     241,676
Loans, Net of Unearned Income $ 1,557,512   $ 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
September 30, 2016   December 31, 2015
(Dollars in Thousands) Nonaccrual   90 + Days Nonaccrual 90 + Days
Commercial, Financial and Agricultural $ 362 $ - $ 96 $ -
Real Estate – Construction   121 - 97 -
Real Estate – Commercial Mortgage   4,736 - 4,191 -
Real Estate – Residential   2,254 - 4,739 -
Real Estate – Home Equity   958 - 1,017 -
Consumer   183 - 165 -
Total Nonaccrual Loans $ 8,614 $ - $ 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
September 30, 2016
Commercial, Financial and Agricultural $ 59 $ 307 $ - $ 366 $ 222,550 $ 223,278
Real Estate – Construction   - - - - 53,986 54,107
Real Estate – Commercial Mortgage   1,581 148 - 1,729 491,310 497,775
Real Estate – Residential   472 448 - 920 283,894 287,068
Real Estate – Home Equity   446 697 - 1,143 233,332 235,433
Consumer   1,231 278 - 1,509 258,159 259,851
Total Past Due Loans $ 3,789 $ 1,878 $ - $ 5,667 $ 1,543,231 $ 1,557,512
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
September 30, 2016
Beginning Balance $ 1,048 $ 126 $ 4,389 $ 3,835 $ 2,391 $ 1,888 $ 13,677
Provision for Loan Losses 163 (3) 224 (324) (307) 247 -
Charge-Offs (143) - (5) (96) (51) (479) (774)
Recoveries 199 - 45 139 237 221 841
Net Charge-Offs 56 - 40 43 186 (258) 67
Ending Balance $ 1,267 $ 123 $ 4,653 $ 3,554 $ 2,270 $ 1,877 $ 13,744
Nine Months Ended
September 30, 2016
Beginning Balance $ 905 $ 101 $ 4,498 $ 4,409 $ 2,473 $ 1,567 $ 13,953
Provision for Loan Losses 559 22 71 (1,030) (168) 901 355
Charge-Offs (484) - (279) (779) (412) (1,356) (3,310)
Recoveries 287 - 363 954 377 765 2,746
Net Charge-Offs (197) - 84 175 (35) (591) (564)
Ending Balance $ 1,267 $ 123 $ 4,653 $ 3,554 $ 2,270 $ 1,877 $ 13,744
Three Months Ended
September 30, 2015
Beginning Balance $ 917 $ 360 $ 4,275 $ 5,654 $ 2,536 $ 1,494 $ 15,236
Provision for Loan Losses 183 (64) 333 (545) 273 233 413
Charge-Offs (365) - 26 (476) (370) (318) (1,503)
Recoveries 45 - 86 193 42 225 591
Net Charge-Offs (320) - 112 (283) (328) (93) (912)
Ending Balance $ 780 $ 296 $ 4,720 $ 4,826 $ 2,481 $ 1,634 $ 14,737
Nine Months Ended
September 30, 2015
Beginning Balance $ 784 $ 843 $ 5,287 $ 6,520 $ 2,882 $ 1,223 $ 17,539
Provision for Loan Losses 708 (547) 426 (870) 506 858 1,081
Charge-Offs (894) - (1,163) (1,265) (1,006) (1,245) (5,573)
Recoveries 182 - 170 441 99 798 1,690
Net Charge-Offs (712) - (993) (824) (907) (447) (3,883)
Ending Balance $ 780 $ 296 $ 4,720 $ 4,826 $ 2,481 $ 1,634 $ 14,737
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
September 30, 2016
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 132 $ - $ 2,124 $ 1,669 $ 276 $ 7 $ 4,208
Loans Collectively
Evaluated for Impairment 1,135 123 2,529 1,885 1,994 1,870 9,536
Ending Balance $ 1,267 $ 123 $ 4,653 $ 3,554 $ 2,270 $ 1,877 $ 13,744
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
September 30, 2015
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 81 $ - $ 2,001 $ 2,004 $ 365 $ 4 $ 4,455
Loans Collectively
Evaluated for Impairment 699 296 2,719 2,822 2,116 1,630 10,282
Ending Balance $ 780 $ 296 $ 4,720 $ 4,826 $ 2,481 $ 1,634 $ 14,737
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
September 30, 2016
Individually Evaluated for
Impairment $ 949 $ - $ 20,794 $ 16,457 $ 2,776 $ 186 $ 41,162
Collectively Evaluated for
Impairment 222,329 54,107 476,981 270,611 232,657 259,665 1,516,350
Total $ 223,278 $ 54,107 $ 497,775 $ 287,068 $ 235,433 $ 259,851 $ 1,557,512
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
September 30, 2015
Individually Evaluated for
Impairment $ 813 $ 468 $ 24,170 $ 18,079 $ 2,702 $ 161 $ 46,393
Collectively Evaluated for
Impairment 168,775 49,007 467,564 272,705 229,552 241,187 1,428,790
Total $ 169,588 $ 49,475 $ 491,734 $ 290,784 $ 232,254 $ 241,348 $ 1,475,183
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
September 30, 2016
Commercial, Financial and Agricultural $ 949 $ 217 $ 732 $ 132
Real Estate – Construction - - - -
Real Estate – Commercial Mortgage 20,794 4,452 16,342 2,124
Real Estate – Residential 16,457 1,863 14,594 1,669
Real Estate – Home Equity 2,776 1,314 1,462 276
Consumer 186 54 132 7
Total $ 41,162 $ 7,900 $ 33,262 $ 4,208
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 September 30, Nine Months Ended September 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 $ 871 $ 12 $ 942 $ 12   $ 847 $ 37 $ 1,044 $ 34
Real Estate – Construction   - -   389 -     24 -   395 -
Real Estate – Commercial Mortgage 20,692 203 26,959 250 20,757 658 29,343 821
Real Estate – Residential   17,091 197   18,499 215     17,743 602   19,239 626
Real Estate – Home Equity   2,824 29   2,831 20     3,001 84   2,965 64
Consumer   196 2   166 2     215 7   186 6
Total $ 41,674 $ 443 $ 49,786 $ 499   $ 42,587 $ 1,388 $ 53,172 $ 1,551
Schedule of risk category of loans by segment
Commercial,
Financial, Total Criticized
(Dollars in Thousands) Agriculture Real Estate Consumer Loans
September 30, 2016
Special Mention $ 4,185 $ 24,893 $ 196 $ 29,274
Substandard   1,607   41,080   541   43,228
Doubtful   -   -   -   -
Total Criticized Loans $ 5,792 $ 65,973 $ 737 $ 72,502
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
September 30, 2016 December 31, 2015
(Dollars in Thousands) Accruing Nonaccruing Accruing   Nonaccruing
Commercial, Financial and Agricultural $ 792 $ 42 $ 897 $ -
Real Estate – Construction - -   - -
Real Estate – Commercial Mortgage 16,259 1,253   16,621 1,070
Real Estate – Residential 15,140 507   14,979 1,582
Real Estate – Home Equity 2,672 -   2,914 -
Consumer 183 -   223 35
Total TDRs $ 35,046 $ 1,802 $ 35,634 $ 2,687
Schedule of loans classified as TDRs
  Three Months Ended September 30,   Nine Months Ended September 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 - - -   6     589     590
Real Estate – Home Equity 1 17 17   5     205     206
Consumer - - -   -     -     -
Total TDRs 1 $ 17  $ 17   12   $ 1,126   $ 1,128
  Three Months Ended September 30,   Nine Months Ended September 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 - - -   2     515     515
Real Estate – Residential 1 49 49   6     717     690
Real Estate – Home Equity 1 50 50   1     50     49
Consumer - - -   -     -     -
Total TDRs 2 $ 99  $ 99   9   $ 1,282   $ 1,254
Schedule of loans modified as TDRs within the previous 12 months and subsequently defaulted
  Three Months Ended September 30,   Nine Months Ended September 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
Real Estate – Home Equity - -   1     3
Consumer - -   1     35
Total TDRs - $ -   3   $ 136
Schedule of loans modified as TDRs information
  Three Months Ended September 30,   Nine Months Ended September 30,
2016 2016
Number of Recorded Number of Recorded
(Dollars in Thousands) Contracts Investment(1) Contracts Investment(1)
Extended amortization 1 $ 17   2   $ 107
Interest rate adjustment - -   -     -
Extended amortization and interest rate adjustment - -   10     1,021
Total TDRs 1 $ 17   12   $ 1,128

  Three Months Ended September 30,   Nine Months Ended September 30,
2015 2015
Number of Recorded Number of Recorded
(Dollars in Thousands) Contracts Investment(1) Contracts Investment(1)
Extended amortization 1 $ 49   2   $ 167
Interest rate adjustment - -   1     156
Extended amortization and interest rate adjustment 1 50   6     931
Total TDRs 2 $ 99   9   $ 1,254