Quarterly report pursuant to Section 13 or 15(d)

LOANS, NET (Tables)

v3.7.0.1
LOANS, NET (Tables)
 6 Months Ended
Jun. 30, 2017
Receivables [Abstract]  
Schedule of composition of the loan portfolio
(Dollars in Thousands) June 30, 2017   December 31, 2016
Commercial, Financial and Agricultural $ 213,544   $ 216,404
Real Estate – Construction   67,331     58,443
Real Estate – Commercial Mortgage   519,140     503,978
Real Estate – Residential(1)   319,129     281,509
Real Estate – Home Equity   230,995     236,512
Consumer   271,057     264,443
Loans, Net of Unearned Income $ 1,621,196   $ 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
June 30, 2017   December 31, 2016
(Dollars in Thousands) Nonaccrual   90 + Days Nonaccrual 90 + Days
Commercial, Financial and Agricultural $ 455 $ - $ 468 $ -
Real Estate – Construction   363 - 311 -
Real Estate – Commercial Mortgage   2,984 - 3,410 -
Real Estate – Residential   2,485 - 2,330 -
Real Estate – Home Equity   1,496 - 1,774 -
Consumer   183 - 240 -
Total Nonaccrual Loans $ 7,966 $ - $ 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(1)
June 30, 2017
Commercial, Financial and Agricultural $ 54 $ 51 $ - $ 105 $ 212,984 $ 213,544
Real Estate – Construction   435 - - 435 66,533 67,331
Real Estate – Commercial Mortgage   262 28 - 290 515,866 519,140
Real Estate – Residential   262 585 - 847 315,797 319,129
Real Estate – Home Equity   757 40 - 797 228,702 230,995
Consumer   1,002 313 - 1,315 269,559 271,057
Total Past Due Loans $ 2,772 $ 1,017 $ - $ 3,789 $ 1,609,441 $ 1,621,196
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
(1) Total Loans include nonaccrual loans
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, 2017
Beginning Balance $ 1,150 $ 100 $ 4,080 $ 3,376 $ 2,522 $ 2,107 $ 13,335
Provision for Loan Losses 229 14 165 (150) (37) 368 589
Charge-Offs (324) - (478) (44) - (537) (1,383)
Recoveries 40 - 58 202 39 362 701
Net Charge-Offs (284) - (420) 158 39 (175) (682)
Ending Balance $ 1,095 $ 114 $ 3,825 $ 3,384 $ 2,524 $ 2,300 $ 13,242
Six Months Ended
June 30, 2017
Beginning Balance $ 1,198 $ 168 $ 4,315 $ 3,445 $ 2,297 $ 2,008 $ 13,431
Provision for Loan Losses 193 (54) (22) (316) 251 847 899
Charge-Offs (417) - (549) (160) (92) (1,161) (2,379)
Recoveries 121 - 81 415 68 606 1,291
Net Charge-Offs (296) - (468) 255 (24) (555) (1,088)
Ending Balance $ 1,095 $ 114 $ 3,825 $ 3,384 $ 2,524 $ 2,300 $ 13,242
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
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, 2017
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 82 $ 4 $ 1,685 $ 1,405 $ 408 $ 3 $ 3,587
Loans Collectively
Evaluated for Impairment 1,013 110 2,140 1,979 2,116 2,297 9,655
Ending Balance $ 1,095 $ 114 $ 3,825 $ 3,384 $ 2,524 $ 2,300 $ 13,242
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
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
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, 2017
Individually Evaluated for
Impairment $ 1,078 $ 363 $ 21,502 $ 14,879 $ 3,314 $ 140 $ 41,276
Collectively Evaluated for
Impairment 212,466 66,968 497,638 304,250 227,681 270,917 1,579,920
Total $ 213,544 $ 67,331 $ 519,140 $ 319,129 $ 230,995 $ 271,057 $ 1,621,196
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
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
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, 2017
Commercial, Financial and Agricultural $ 1,078 $ 351 $ 727 $ 82
Real Estate – Construction 363 298 65 4
Real Estate – Commercial Mortgage 21,502 7,378 14,124 1,685
Real Estate – Residential 14,879 2,547 12,332 1,405
Real Estate – Home Equity 3,314 1,538 1,776 408
Consumer 140 82 58 3
Total $ 41,276 $ 12,194 $ 29,082 $ 3,587
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 June 30, Six Months Ended June 30,
  2017   2016   2017 2016
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 $ 1,158 $ 11 $ 802 $ 12   $ 1,119 $ 23 $ 813 $ 25
Real Estate – Construction   363 1   - -     324 2   32 -
Real Estate – Commercial Mortgage 22,281 220 20,694 216 22,806 443 20,745 455
Real Estate – Residential   14,789 174   17,973 196     15,058 353   18,172 405
Real Estate – Home Equity   3,414 27   3,042 29     3,401 54   3,076 56
Consumer   142 2   206 2     153 4   224 4
Total $ 42,147 $ 435 $ 42,717 $ 455   $ 42,861 $ 879 $ 43,062 $ 945
Schedule of risk category of loans by segment
Commercial,
Financial, Total Criticized
(Dollars in Thousands) Agriculture Real Estate Consumer Loans
June 30, 2017
Special Mention $ 9,637 $ 16,630 $ 230 $ 26,497
Substandard   1,737   39,066   519   41,322
Doubtful   -   -   -   -
Total Criticized Loans $ 11,374 $ 55,696 $ 749 $ 67,819
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
June 30, 2017 December 31, 2016
(Dollars in Thousands) Accruing Nonaccruing Accruing   Nonaccruing
Commercial, Financial and Agricultural $ 848 $ - $ 772 $ 40
Real Estate – Construction - 66   - -
Real Estate – Commercial Mortgage 18,834 1,430   20,673 1,259
Real Estate – Residential 13,110 905   13,969 444
Real Estate – Home Equity 2,505 80   2,647 -
Consumer 139 -   172 -
Total TDRs $ 35,436 $ 2,481 $ 38,233 $ 1,743
Schedule of loans classified as TDRs
  Three Months Ended June 30,   Six Months Ended June 30,
2017 2017
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 - - -   -     -     -
Real Estate – Residential 1 215 182   1     215     182
Real Estate – Home Equity - - -   1     56     55
Consumer - - -   -     -     -
Total TDRs 1 $ 215  $ 182   3   $ 335   $ 302
  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
Schedule of loans modified as TDRs within the previous 12 months and subsequently defaulted
  Three Months Ended June 30,   Six Months Ended June 30,
2017 2017
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 - -   -     -
Real Estate – Home Equity - -   -     -
Consumer - -   -     -
Total TDRs - $ -   -   $ -
Schedule of loans modified as TDRs information
  Three Months Ended June 30,   Six Months Ended June 30,
2017 2017
Number of Recorded Number of Recorded
(Dollars in Thousands) Contracts Investment(1) Contracts Investment(1)
Extended amortization - $ -   -   $ -
Interest rate adjustment 1 182   3     302
Extended amortization and interest rate adjustment - -   -     -
Total TDRs 1 $ 182   3   $ 302

  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