Annual report pursuant to Section 13 and 15(d)

LOANS, NET (Tables)

v3.8.0.1
LOANS, NET (Tables)
 12 Months Ended
Dec. 31, 2017
Receivables [Abstract]  
Schedule of composition of the loan portfolio
(Dollars in Thousands) 2017 2016
Commercial, Financial and Agricultural $ 218,166   $ 216,404
Real Estate – Construction   77,966     58,443
Real Estate – Commercial Mortgage   535,707     503,978
Real Estate – Residential(1)   311,906     281,509
Real Estate – Home Equity   229,513     236,512
Consumer(2)   280,234     264,443
Loans, Net of Unearned Income $ 1,653,492   $ 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
2017   2016
(Dollars in Thousands) Nonaccrual   90 + Days Nonaccrual 90 + Days
Commercial, Financial and Agricultural $ 629 $ - $ 468 $ -
Real Estate – Construction   297 - 311 -
Real Estate – Commercial Mortgage   2,370 - 3,410 -
Real Estate – Residential   1,938 - 2,330 -
Real Estate – Home Equity   1,748 - 1,774 -
Consumer   177 36 240 -
Total Nonaccrual Loans $ 7,159 $ 36 $ 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
2017
Commercial, Financial and Agricultural $ 87 $ 55 $ - $ 142 $ 217,395 $ 218,166
Real Estate – Construction   811 - - 811 76,858 77,966
Real Estate – Commercial Mortgage   437 195 - 632 532,705 535,707
Real Estate – Residential   701 446 - 1,147 308,821 311,906
Real Estate – Home Equity   80 2 - 82 227,683 229,513
Consumer   1,316 413 36 1,765 278,292 280,234
Total Past Due Loans $ 3,432 $ 1,111 $ 36 $ 4,579 $ 1,641,754 $ 1,653,492
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
2017
Beginning Balance $ 1,198 $ 168 $ 4,315 $ 3,445 $ 2,297 $ 2,008 $ 13,431
Provision for Loan Losses 1,037 (96) 542 (444) 180 996 2,215
Charge-Offs (1,357) - (685) (411) (190) (2,193) (4,836)
Recoveries 313 50 174 616 219 1,125 2,497
Net Charge-Offs (1,044) 50 (511) 205 29 (1,068) (2,339)
Ending Balance $ 1,191 $ 122 $ 4,346 $ 3,206 $ 2,506 $ 1,936 $ 13,307
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
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
2017
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 215 $ 1 $ 2,165 $ 1,220 $ 515 $ 1 $ 4,117
Loans Collectively
Evaluated for Impairment 976 121 2,181 1,986 1,991 1,935 9,190
Ending Balance $ 1,191 $ 122 $ 4,346 $ 3,206 $ 2,506 $ 1,936 $ 13,307
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
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
2017
Individually Evaluated for
Impairment $ 1,378 $ 361 $ 19,280 $ 12,871 $ 3,332 $ 113 $ 37,335
Collectively Evaluated for
Impairment 216,788 77,605 516,427 299,035 226,181 280,121 1,616,157
Total $ 218,166 $ 77,966 $ 535,707 $ 311,906 $ 229,513 $ 280,234 $ 1,653,492
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
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
2017
Commercial, Financial and Agricultural $ 1,378 $ 118 $ 1,260 $ 215
Real Estate – Construction 361 297 64 1
Real Estate – Commercial Mortgage 19,280 1,763 17,517 2,165
Real Estate – Residential 12,871 1,516 11,355 1,220
Real Estate – Home Equity 3,332 1,157 2,175 515
Consumer 113 45 68 1
Total $ 37,335 $ 4,896 $ 32,439 $ 4,117
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
  2017   2016   2015
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 $ 1,117 $ 48 $ 886 $ 49   $ 1,002 $ 46
Real Estate – Construction   339 4   69 1     335 -
Real Estate – Commercial Mortgage 21,682 911 21,376 920 27,644 1,093
Real Estate – Residential   14,261 683   17,314 786     19,105 842
Real Estate – Home Equity   3,290 108   3,076 115     3,001 86
Consumer   141 8   207 9     201 7
Total $ 40,830 $ 1,762 $ 42,928 $ 1,880   $ 51,288 $ 2,074
Schedule of risk category of loans by segment
Commercial, Total
Financial, Criticized
(Dollars in Thousands) Agriculture Real Estate Consumer Loans
2017
Special Mention $ 7,879 $ 13,324 $ 65 $ 21,268
Substandard   1,057   29,291   654   31,002
Doubtful   -   -   -   -
Total Criticized Loans $ 8,936 $ 42,615 $ 719 $ 52,270
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
2017 2016
(Dollars in Thousands) Accruing Nonaccruing Accruing   Nonaccruing
Commercial, Financial and Agricultural $ 822 $ - $ 772 $ 40
Real Estate – Construction 64 -   - -
Real Estate – Commercial Mortgage 17,058 1,636   20,673 1,259
Real Estate – Residential 11,666 503   13,969 444
Real Estate – Home Equity 2,441 186   2,647 -
Consumer 113 -   172 -
Total TDRs $ 32,164 $ 2,325 $ 38,233 $ 1,743
Schedule of loans classified as troubled debt in which modifications made
2017 2016 2015
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 $ 22 - $ - 1   $ 40
Real Estate – Construction 1 65 - - -     -
Real Estate – Commercial Mortgage 1 70 3 5,012 4     631
Real Estate – Residential 2 283 6 590 14     1,531
Real Estate – Home Equity 4 203 5 206 21     1,005
Consumer - - - - 3     110
Total TDRs 9 $ 643 14 $ 5,808 43   $ 3,317
(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
2017 2016 2015
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 1 $ 70 3 $ 4,703   16   $ 973
Interest rate adjustment 3 302 - -   5     284
Extended amortization and
interest rate adjustment 4 249 11 1,105   22     2,060
Other 1 22 - -   -     -
Total TDRs 9 $ 643 14 $ 5,808   43   $ 3,317