Quarterly report pursuant to Section 13 or 15(d)

LOANS, NET (Tables)

v3.10.0.1
LOANS, NET (Tables)
 9 Months Ended
Sep. 30, 2018
Receivables [Abstract]  
Schedule of composition of the loan portfolio
(Dollars in Thousands) September 30, 2018   December 31, 2017
Commercial, Financial and Agricultural $ 239,044   $ 218,166
Real Estate – Construction   87,672     77,966
Real Estate – Commercial Mortgage   596,391     535,707
Real Estate – Residential(1)   342,063     311,906
Real Estate – Home Equity   212,942     229,513
Consumer(2)   295,642     280,234
Loans, Net of Unearned Income $ 1,773,754   $ 1,653,492
Schedule of recorded investment in nonaccrual loans and loans past due over 90 days and still on accrual by class of loans
September 30, 2018   December 31, 2017
(Dollars in Thousands) Nonaccrual   90 + Days Nonaccrual 90 + Days
Commercial, Financial and Agricultural $ 338 $ - $ 629 $ -
Real Estate – Construction   1,098 - 297 -
Real Estate – Commercial Mortgage   2,316 126 2,370 -
Real Estate – Residential   2,140 - 1,938 -
Real Estate – Home Equity   902 - 1,748 -
Consumer   73 - 177 36
Total Nonaccrual Loans $ 6,867 $ 126 $ 7,159 $ 36
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)
September 30, 2018
Commercial, Financial and Agricultural $ 71 $ 65 $ - $ 136 $ 238,570 $ 239,044
Real Estate – Construction   - - - - 86,574 87,672
Real Estate – Commercial Mortgage   280 176 126 582 593,493 596,391
Real Estate – Residential   613 727 - 1,340 338,583 342,063
Real Estate – Home Equity   354 76 - 430 211,610 212,942
Consumer   1,059 263 - 1,322 294,247 295,642
Total Past Due Loans $ 2,377 $ 1,307 $ 126 $ 3,810 $ 1,763,077 $ 1,773,754
December 31, 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
(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
September 30, 2018
Beginning Balance $ 1,214 $ 283 $ 4,432 $ 3,146 $ 2,294 $ 2,194 $ 13,563
Provision for Loan Losses 388 86 (30) 50 120 290 904
Charge-Offs (268) - (25) (106) (112) (463) (974)
Recoveries 78 - 222 107 47 272 726
Net Charge-Offs (190) - 197 1 (65) (191) (248)
Ending Balance $ 1,412 $ 369 $ 4,599 $ 3,197 $ 2,349 $ 2,293 $ 14,219
Nine Months Ended
September 30, 2018
Beginning Balance $ 1,191 $ 122 $ 4,346 $ 3,206 $ 2,506 $ 1,936 $ 13,307
Provision for Loan Losses 481 253 208 123 140 1,259 2,464
Charge-Offs (591) (7) (315) (669) (427) (1,667) (3,676)
Recoveries 331 1 360 537 130 765 2,124
Net Charge-Offs (260) (6) 45 (132) (297) (902) (1,552)
Ending Balance $ 1,412 $ 369 $ 4,599 $ 3,197 $ 2,349 $ 2,293 $ 14,219
Three Months Ended
September 30, 2017
Beginning Balance $ 1,095 $ 114 $ 3,825 $ 3,384 $ 2,524 $ 2,300 $ 13,242
Provision for Loan Losses 208 (26) 286 (32) (103) 157 490
Charge-Offs (276) - (94) (125) (50) (455) (1,000)
Recoveries 79 50 69 60 84 265 607
Net Charge-Offs (197) 50 (25) (65) 34 (190) (393)
Ending Balance $ 1,106 $ 138 $ 4,086 $ 3,287 $ 2,455 $ 2,267 $ 13,339
Nine Months Ended
September 30, 2017
Beginning Balance $ 1,198 $ 168 $ 4,315 $ 3,445 $ 2,297 $ 2,008 $ 13,431
Provision for Loan Losses 401 (80) 264 (348) 148 1,004 1,389
Charge-Offs (693) - (643) (285) (142) (1,616) (3,379)
Recoveries 200 50 150 475 152 871 1,898
Net Charge-Offs (493) 50 (493) 190 10 (745) (1,481)
Ending Balance $ 1,106 $ 138 $ 4,086 $ 3,287 $ 2,455 $ 2,267 $ 13,339
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, 2018
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 185 $ 181 $ 1,719 $ 954 $ 357 $ 1 $ 3,397
Loans Collectively
Evaluated for Impairment 1,227 188 2,880 2,243 1,992 2,292 10,822
Ending Balance $ 1,412 $ 369 $ 4,599 $ 3,197 $ 2,349 $ 2,293 $ 14,219
December 31, 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
September 30, 2017
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 88 $ 24 $ 1,846 $ 1,196 $ 454 $ 3 $ 3,611
Loans Collectively
Evaluated for Impairment 1,018 114 2,240 2,091 2,001 2,264 9,728
Ending Balance $ 1,106 $ 138 $ 4,086 $ 3,287 $ 2,455 $ 2,267 $ 13,339
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, 2018
Individually Evaluated for
Impairment $ 987 $ 1,159 $ 18,572 $ 11,369 $ 2,241 $ 90 $ 34,418
Collectively Evaluated for
Impairment 238,057 86,513 577,819 330,694 210,701 295,552 1,739,336
Total $ 239,044 $ 87,672 $ 596,391 $ 342,063 $ 212,942 $ 295,642 $ 1,773,754
December 31, 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
September 30, 2017
Individually Evaluated for
Impairment $ 847 $ 363 $ 20,716 $ 13,258 $ 2,915 $ 132 $ 38,231
Collectively Evaluated for
Impairment 215,116 67,450 506,615 302,325 225,584 275,017 1,592,107
Total $ 215,963 $ 67,813 $ 527,331 $ 315,583 $ 228,499 $ 275,149 $ 1,630,338
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, 2018
Commercial, Financial and Agricultural $ 987 $ 105 $ 882 $ 185
Real Estate – Construction 1,159 61 1,098 181
Real Estate – Commercial Mortgage 18,572 2,071 16,501 1,719
Real Estate – Residential 11,369 1,914 9,455 954
Real Estate – Home Equity 2,241 719 1,522 357
Consumer 90 51 39 1
Total $ 34,418 $ 4,921 $ 29,497 $ 3,397
December 31, 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
Schedule of Average recorded investment and interest income recognized by class of impaired loans
Three Months Ended September 30, Nine Months Ended September 30,
  2018   2017   2018 2017
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 $ 1,040 $ 19 $ 963 $ 12   $ 1,185 $ 69 $ 1,051 $ 35
Real Estate – Construction   915 2   363 -     716 3   334 2
Real Estate – Commercial Mortgage 18,470 167 21,109 219 18,666 511 22,283 662
Real Estate – Residential   11,393 133   14,068 162     12,215 417   14,608 516
Real Estate – Home Equity   2,415 23   3,114 28     2,840 74   3,280 81
Consumer   92 2   136 2     102 6   148 6
Total $ 34,325 $ 346 $ 39,753 $ 423   $ 35,724 $ 1,080 $ 41,704 $ 1,302
Schedule of risk category of loans by segment
Commercial,
Financial, Total Criticized
(Dollars in Thousands) Agriculture Real Estate Consumer Loans
September 30, 2018
Special Mention $ 357 $ 12,674 $ 56 $ 13,087
Substandard   594   26,058   386   27,038
Doubtful   -   -   -   -
Total Criticized Loans $ 951 $ 38,732 $ 442 $ 40,125
December 31, 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
Schedule of troubled debt restructurings loans
September 30, 2018 December 31, 2017
(Dollars in Thousands) Accruing Nonaccruing Accruing   Nonaccruing
Commercial, Financial and Agricultural $ 650 $ 219 $ 822 $ -
Real Estate – Construction 61 -   64 -
Real Estate – Commercial Mortgage 15,847 1,226   17,058 1,636
Real Estate – Residential 9,980 1,120   11,666 503
Real Estate – Home Equity 2,033 97   2,441 186
Consumer 90 -   113 -
Total TDRs $ 28,661 $ 2,662 $ 32,164 $ 2,325
Schedule of loans classified as TDRs
  Three Months Ended September 30,   Nine Months Ended September 30,
2018 2018
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 - $ - $ -   1   $ 498   $ 230
Real Estate – Construction - - -   -     -     -
Real Estate – Commercial Mortgage - - -   1     227     228
Real Estate – Residential 1 72 76   2     105     108
Real Estate – Home Equity - - -   1     27     27
Consumer - - -   -     -     -
Total TDRs 1 $ 72  $ 76   5   $ 857   $ 593
  Three Months Ended September 30,   Nine Months Ended September 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 1 $ 32 $ 22   1   $ 32   $ 22
Real Estate – Construction - - -   1     64     65
Real Estate – Commercial Mortgage 1 160 70   1     160     70
Real Estate – Residential 1 101 102   2     316     283
Real Estate – Home Equity 3 149 147   4     205     203
Consumer - - -   -     -     -
Total TDRs 6 $ 442  $ 341   9   $ 777   $ 643
Schedule of loans modified as TDRs within the previous 12 months and subsequently defaulted
  Three Months Ended September 30,   Nine Months Ended September 30,
2018 2018
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 - -   1     64
Real Estate – Residential - -   -     -
Real Estate – Home Equity - -   -     -
Consumer - -   -     -
Total TDRs - $ -   1   $ 64

  Three Months Ended September 30,   Nine Months Ended September 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 - -   -     -  
Schedule of loans modified as TDRs information
  Three Months Ended September 30,   Nine Months Ended September 30,
2018 2018
Number of Recorded Number of Recorded
(Dollars in Thousands) Contracts Investment(1) Contracts Investment(1)
Extended amortization 1 $ 76   2   $ 303
Interest rate adjustment - -   1     33
Extended amortization and interest rate adjustment - -   1     27
Principal moratorium - -   1     230
Total TDRs 1 $ 76   5   $ 593

  Three Months Ended September 30,   Nine Months Ended September 30,
2017 2017
Number of Recorded Number of Recorded
(Dollars in Thousands) Contracts Investment(1) Contracts Investment(1)
Extended amortization 1 $ 70   1   $ 70
Interest rate adjustment - -   3     302
Extended amortization and interest rate adjustment 4 249   4     249
Other 1 22   1     22
Total TDRs 6 $ 341   9   $ 643