Quarterly report pursuant to Section 13 or 15(d)

LOANS, NET (Tables)

v3.7.0.1
LOANS, NET (Tables)
 3 Months Ended
Mar. 31, 2017
Receivables [Abstract]  
Schedule of composition of the loan portfolio
(Dollars in Thousands) March 31, 2017   December 31, 2016
Commercial, Financial and Agricultural $ 214,595   $ 216,404
Real Estate – Construction   59,938     58,443
Real Estate – Commercial Mortgage   503,868     503,978
Real Estate – Residential(1)   304,992     281,509
Real Estate – Home Equity   231,300     236,512
Consumer   270,266     264,443
Loans, Net of Unearned Income $ 1,584,959   $ 1,561,289
Schedule of recorded investment in nonaccrual loans and loans past due over 90 days and still on accrual by class of loans
March 31, 2017   December 31, 2016
(Dollars in Thousands) Nonaccrual   90 + Days Nonaccrual 90 + Days
Commercial, Financial and Agricultural $ 538 $ - $ 468 $ -
Real Estate – Construction   363 - 311 -
Real Estate – Commercial Mortgage   3,970 - 3,410 -
Real Estate – Residential   1,724 - 2,330 -
Real Estate – Home Equity   1,587 - 1,774 -
Consumer   116 - 240 -
Total Nonaccrual Loans $ 8,298 $ - $ 8,533 $ -
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
March 31, 2017
Commercial, Financial and Agricultural $ 205 $ 32 $ - $ 237 $ 213,820 $ 214,595
Real Estate – Construction   - - - - 59,575 59,938
Real Estate – Commercial Mortgage   69 177 - 246 499,652 503,868
Real Estate – Residential   1,094 67 - 1,161 302,107 304,992
Real Estate – Home Equity   263 15 - 278 229,435 231,300
Consumer   1,123 218 - 1,341 268,809 270,266
Total Past Due Loans $ 2,754 $ 509 $ - $ 3,263 $ 1,573,398 $ 1,584,959
December 31, 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
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
March 31, 2017
Beginning Balance $ 1,198 $ 168 $ 4,315 $ 3,445 $ 2,297 $ 2,008 $ 13,431
Provision for Loan Losses (36) (68) (187) (166) 288 479 310
Charge-Offs (93) - (71) (116) (92) (624) (996)
Recoveries 81 - 23 213 29 244 590
Net Charge-Offs (12) - (48) 97 (63) (380) (406)
Ending Balance $ 1,150 $ 100 $ 4,080 $ 3,376 $ 2,522 $ 2,107 $ 13,335
Three Months Ended
March 31, 2016
Beginning Balance $ 905 $ 101 $ 4,498 $ 4,409 $ 2,473 $ 1,567 $ 13,953
Provision for Loan Losses (24) - 44 (30) 118 344 452
Charge-Offs (37) - (274) (478) (215) (439) (1,443)
Recoveries 39 - 81 236 59 236 651
Net Charge-Offs 2 - (193) (242) (156) (203) (792)
Ending Balance $ 883 $ 101 $ 4,349 $ 4,137 $ 2,435 $ 1,708 $ 13,613
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
March 31, 2017
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 94 $ 2 $ 2,027 $ 1,486 $ 445 $ 4 $ 4,058
Loans Collectively
Evaluated for Impairment 1,056 98 2,053 1,890 2,077 2,103 9,277
Ending Balance $ 1,150 $ 100 $ 4,080 $ 3,376 $ 2,522 $ 2,107 $ 13,335
December 31, 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
March 31, 2016
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 72 $ - $ 1,936 $ 1,954 $ 389 $ 4 $ 4,355
Loans Collectively
Evaluated for Impairment 811 101 2,413 2,183 2,046 1,704 9,258
Ending Balance $ 883 $ 101 $ 4,349 $ 4,137 $ 2,435 $ 1,708 $ 13,613
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
March 31, 2017
Individually Evaluated for
Impairment $ 1,238 $ 362 $ 23,061 $ 14,699 $ 3,514 $ 145 $ 43,019
Collectively Evaluated for
Impairment 213,357 59,576 480,807 290,293 227,786 270,121 1,541,940
Total $ 214,595 $ 59,938 $ 503,868 $ 304,992 $ 231,300 $ 270,266 $ 1,584,959
December 31, 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
March 31, 2016
Individually Evaluated for
Impairment $ 812 $ - $ 20,798 $ 18,221 $ 3,211 $ 206 $ 43,248
Collectively Evaluated for
Impairment 182,869 42,537 482,461 277,849 230,917 246,954 1,463,587
Total $ 183,681 $ 42,537 $ 503,259 $ 296,070 $ 234,128 $ 247,160 $ 1,506,835
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
March 31, 2017
Commercial, Financial and Agricultural $ 1,238 $ 355 $ 883 $ 94
Real Estate – Construction 362 298 64 2
Real Estate – Commercial Mortgage 23,061 8,189 14,872 2,027
Real Estate – Residential 14,699 2,609 12,090 1,486
Real Estate – Home Equity 3,514 1,549 1,965 445
Consumer 145 54 91 4
Total $ 43,019 $ 13,054 $ 29,965 $ 4,058
December 31, 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
Schedule of Average recorded investment and interest income recognized by class of impaired loans
Three Months Ended March 31,
  2017   2016
Average Total Average Total
Recorded Interest Recorded Interest
 (Dollars in Thousands) Investment Income Investment Income
Commercial, Financial and Agricultural $ 1,140 $ 12 $ 823 $ 13
Real Estate – Construction   305 -   49 -
Real Estate – Commercial Mortgage 23,458 223 20,822 239
Real Estate – Residential   15,147 180   18,395 209
Real Estate – Home Equity   3,445 27   3,178 27
Consumer   159 2   234 2
Total $ 43,654 $ 444 $ 43,501 $ 490
Schedule of risk category of loans by segment
Commercial,
Financial, Total Criticized
(Dollars in Thousands) Agriculture Real Estate Consumer Loans
March 31, 2017
Special Mention $ 4,189 $ 18,940 $ 187 $ 23,316
Substandard   1,393   39,224   361   40,978
Doubtful   -   -   -   -
Total Criticized Loans $ 5,582 $ 58,164 $ 548 $ 64,294
December 31, 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
Schedule of troubled debt restructurings loans
March 31, 2017 December 31, 2016
(Dollars in Thousands) Accruing Nonaccruing Accruing   Nonaccruing
Commercial, Financial and Agricultural $ 870 $ - $ 772 $ 40
Real Estate – Construction - 65   - -
Real Estate – Commercial Mortgage 19,296 1,948   20,673 1,259
Real Estate – Residential 13,648 420   13,969 444
Real Estate – Home Equity 2,597 78   2,647 -
Consumer 144 -   172 -
Total TDRs $ 36,555 $ 2,511 $ 38,233 $ 1,743
Schedule of loans classified as TDRs
  Three Months Ended March 31,   Three Months Ended March 31,
2017 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 1 64 65   -     -     -
Real Estate – Commercial Mortgage - - -   1     332     332
Real Estate – Residential - - -   5     499     500
Real Estate – Home Equity 1 56 55   4     188     189
Consumer - - -   -     -     -
Total TDRs 2 $ 120  $ 120   10   $ 1,019   $ 1,021
Schedule of loans modified as TDRs within the previous 12 months and subsequently defaulted
  Three Months Ended March 31,   Three Months Ended March 31,
2017 2016
Number Post-Modified   Number   Post-Modified
of Recorded of Recorded
(Dollars in Thousands) Contracts Investment Contracts Investment
Commercial, Financial and Agricultural - $ -   -   $ -
Real Estate – Construction - -   -     -
Real Estate – Commercial Mortgage - -   -     -
Real Estate – Residential - -   -     -
Real Estate – Home Equity - -   1     3
Consumer - -   1     35
Total TDRs - $ -   2   $ 38
Schedule of loans modified as TDRs information
  Three Months Ended March 31,   Three Months Ended March 31,
2017 2016
Number of Recorded Number of Recorded
(Dollars in Thousands) Contracts Investment(1) Contracts Investment(1)
Extended amortization - $ -   -   $ -
Interest rate adjustment 2 120   -     -
Extended amortization and interest rate adjustment - -   10     1,021
Other - -   -     -
Total TDRs 2 $ 120   10   $ 1,021