Annual report pursuant to Section 13 and 15(d)

LOANS, NET (Tables)

v3.6.0.2
LOANS, NET (Tables)
 12 Months Ended
Dec. 31, 2016
Receivables [Abstract]  
Schedule of composition of the loan portfolio
(Dollars in Thousands) 2016 2015
Commercial, Financial and Agricultural $ 216,404   $ 179,816
Real Estate – Construction   58,443     46,484
Real Estate – Commercial Mortgage   503,978     499,813
Real Estate – Residential(1)   281,509     290,585
Real Estate – Home Equity   236,512     233,901
Consumer   264,443     241,676
Loans, Net of Unearned Income $ 1,561,289   $ 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
2016   2015
(Dollars in Thousands) Nonaccrual   90 + Days Nonaccrual 90 + Days
Commercial, Financial and Agricultural $ 468 $ - $ 96 $ -
Real Estate – Construction   311 - 97 -
Real Estate – Commercial Mortgage   3,410 - 4,191 -
Real Estate – Residential   2,330 - 4,739 -
Real Estate – Home Equity   1,774 - 1,017 -
Consumer   240 - 165 -
Total Nonaccrual Loans $ 8,533 $ - $ 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
2016
Commercial, Financial and Agricultural $ 209 $ 48 $ - $ 257 $ 215,679 $ 216,404
Real Estate – Construction   949 282 - 1,231 56,901 58,443
Real Estate – Commercial Mortgage   835 1 - 836 499,732 503,978
Real Estate – Residential   1,199 490 - 1,689 277,490 281,509
Real Estate – Home Equity   577 51 - 628 234,110 236,512
Consumer   1,516 281 - 1,797 262,406 264,443
Total Past Due Loans $ 5,285 $ 1,153 $ - $ 6,438 $ 1,546,318 $ 1,561,289
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
2016
Beginning Balance $ 905 $ 101 $ 4,498 $ 4,409 $ 2,473 $ 1,567 $ 13,953
Provision for Loan Losses 817 67 (242) (1,296) (135) 1,608 819
Charge-Offs (861) - (349) (899) (450) (2,127) (4,686)
Recoveries 337 - 408 1,231 409 960 3,345
Net Charge-Offs (524) - 59 332 (41) (1,167) (1,341)
Ending Balance $ 1,198 $ 168 $ 4,315 $ 3,445 $ 2,297 $ 2,008 $ 13,431
2015
Beginning Balance $ 784 $ 843 $ 5,287 $ 6,520 $ 2,882 $ 1,223 $ 17,539
Provision for Loan Losses 911 (742) 278 (964) 858 1,253 1,594
Charge-Offs (1,029) - (1,250) (1,852) (1,403) (1,901) (7,435)
Recoveries 239 - 183 705 136 992 2,255
Net Charge-Offs (790) - (1,067) (1,147) (1,267) (909) (5,180)
Ending Balance $ 905 $ 101 $ 4,498 $ 4,409 $ 2,473 $ 1,567 $ 13,953
2014
Beginning Balance $ 699 $ 1,580 $ 7,710 $ 9,073 $ 3,051 $ 982 $ 23,095
Provision for Loan Losses 742 (718) 897 (1,145) 1,069 1,060 1,905
Charge-Offs (871) (28) (3,788) (2,160) (1,379) (1,820) (10,046)
Recoveries 214 9 468 752 141 1,001 2,585
Net Charge-Offs (657) (19) (3,320) (1,408) (1,238) (819) (7,461)
Ending Balance $ 784 $ 843 $ 5,287 $ 6,520 $ 2,882 $ 1,223 $ 17,539
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
2016
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 80 $ - $ 2,038 $ 1,561 $ 335 $ 6 $ 4,020
Loans Collectively
Evaluated for Impairment 1,118 168 2,277 1,884 1,962 2,002 9,411
Ending Balance $ 1,198 $ 168 $ 4,315 $ 3,445 $ 2,297 $ 2,008 $ 13,431
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
2014
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 293 $ - $ 2,733 $ 2,113 $ 638 $ 5 $ 5,782
Loans Collectively
Evaluated for Impairment 491 843 2,554 4,407 2,244 1,218 11,757
Ending Balance $ 784 $ 843 $ 5,287 $ 6,520 $ 2,882 $ 1,223 $ 17,539
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
2016
Individually Evaluated for
Impairment $ 1,042 $ 247 $ 23,855 $ 15,596 $ 3,375 $ 174 $ 44,289
Collectively Evaluated for
Impairment 215,362 58,196 480,123 265,913 233,137 264,269 1,517,000
Total $ 216,404 $ 58,443 $ 503,978 $ 281,509 $ 236,512 $ 264,443 $ 1,561,289
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
2014
Individually Evaluated for
Impairment $ 1,040 $ 401 $ 32,242 $ 20,120 $ 3,074 $ 216 $ 57,093
Collectively Evaluated for
Impairment 135,885 41,195 477,878 275,849 226,498 216,976 1,374,281
Total $ 136,925 $ 41,596 $ 510,120 $ 295,969 $ 229,572 $ 217,192 $ 1,431,374
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
2016
Commercial, Financial and Agricultural $ 1,042 $ 565 $ 477 $ 80
Real Estate – Construction 247 - 247 -
Real Estate – Commercial Mortgage 23,855 8,954 14,901 2,038
Real Estate – Residential 15,596 2,509 13,087 1,561
Real Estate – Home Equity 3,375 1,871 1,504 335
Consumer 174 65 109 6
Total $ 44,289 $ 13,964 $ 30,325 $ 4,020
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
  2016   2015   2014
Average Total Average Total Average Total
Recorded Interest Recorded Interest Recorded Interest
 (Dollars in Thousands) Investment Income Investment Income Investment Income
Commercial, Financial and Agricultural $ 886 $ 49 $ 1,002 $ 46   $ 1,440 $ 62
Real Estate – Construction   69 1   335 -     637 4
Real Estate – Commercial Mortgage 21,376 920 27,644 1,093 41,435 1,725
Real Estate – Residential   17,314 786   19,105 842     21,122 1,070
Real Estate – Home Equity   3,076 115   3,001 86     3,000 72
Consumer   207 9   201 7     294 9
Total $ 42,928 $ 1,880 $ 51,288 $ 2,074   $ 67,928 $ 2,942
Schedule of risk category of loans by segment
Commercial, Total
Financial, Criticized
(Dollars in Thousands) Agriculture Real Estate Consumer Loans
2016
Special Mention $ 3,300 $ 23,183 $ 216 $ 26,699
Substandard   1,158   39,800   549   41,507
Doubtful   -   -   -   -
Total Criticized Loans $ 4,458 $ 62,983 $ 765 $ 68,206
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
2016 2015
(Dollars in Thousands) Accruing Nonaccruing Accruing   Nonaccruing
Commercial, Financial and Agricultural $ 772 $ 40 $ 897 $ -
Real Estate – Construction - -   - -
Real Estate – Commercial Mortgage 20,673 1,259   16,621 1,070
Real Estate – Residential 13,969 444   14,979 1,582
Real Estate – Home Equity 2,647 -   2,914 -
Consumer 172 -   223 35
Total TDRs $ 38,233 $ 1,743 $ 35,634 $ 2,687
Schedule of loans classified as troubled debt in which modifications made
2016 2015 2014
Number Number Number
of Recorded of Recorded of Recorded
(Dollars in Thousands) Contracts Investment(1) Contracts Investment(1) Contracts Investment(1)
Commercial, Financial and Agricultural - $ - 1 $ 40 3   $ 320
Real Estate – Construction - - - - -     -
Real Estate – Commercial Mortgage 3 5,012 4 631 3     1,769
Real Estate – Residential 6 590 14 1,531 11     1,972
Real Estate – Home Equity 5 206 21 1,005 10     883
Consumer - - 3 110 1     34
Total TDRs 14 $ 5,808 43 $ 3,317 28   $ 4,978
(1) Recorded investment reflects charge-offs and additional funds advanced at time of restructure, if applicable.
Schedule of loans classified as troubled debt subsequently defaulted
2016 2015 2014
Number Post-Modified Number Post-Modified Number Post-Modified
of Recorded of Recorded of Recorded
(Dollars in Thousands) Contracts Investment Contracts Investment Contracts Investment
Extended amortization 3 $ 4,703 16 $ 973   10   $ 1,894
Interest rate adjustment - - 5 284   1     156
Extended amortization and
Interest rate adjustment 11 1,105 22 2,060   8     1,179
Other - - - -   9     1,749
Total TDRs 14 $ 5,808 43 $ 3,317   28   $ 4,978

2016 2015 2014
Number Number   Number  
of Recorded of Recorded of Recorded
(Dollars in Thousands) Contracts Investment(1) Contracts Investment(1) Contracts Investment(1)
Commercial, Financial and Agricultural - $ - - $ -   -   $ -
Real Estate – Construction - - - -   -     -
Real Estate – Commercial Mortgage - - - -   1     60
Real Estate – Residential - - - -   2     177
Real Estate – Home Equity - - - -   1     153
Total TDRs - $ - - $ -   4   $ 390
(1) Recorded investment reflects charge-offs and additional funds advanced at time of restructure, if applicable.