Annual report pursuant to Section 13 and 15(d)

LOANS, NET (Tables)

v3.10.0.1
LOANS, NET (Tables)
 12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Schedule of composition of the loan portfolio
(Dollars in Thousands) 2018 2017
Commercial, Financial and Agricultural $ 233,689   $ 218,166
Real Estate – Construction   89,527     77,966
Real Estate – Commercial Mortgage   602,061     535,707
Real Estate – Residential(1)   342,215     311,906
Real Estate – Home Equity   210,111     229,513
Consumer(2)   296,622     280,234
Loans, Net of Unearned Income $ 1,774,225   $ 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
2018   2017
(Dollars in Thousands) Nonaccrual   90 + Days Nonaccrual 90 + Days
Commercial, Financial and Agricultural $ 267 $ - $ 629 $ -
Real Estate – Construction   722 - 297 -
Real Estate – Commercial Mortgage   2,860 - 2,370 -
Real Estate – Residential   2,119 - 1,938 -
Real Estate – Home Equity   584 - 1,748 -
Consumer   320 - 177 36
Total Nonaccrual Loans $ 6,872 $ - $ 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)
2018
Commercial, Financial and Agricultural $ 104 $ 58 $ - $ 162 $ 233,260 $ 233,689
Real Estate – Construction   489 - - 489 88,316 89,527
Real Estate – Commercial Mortgage   124 - - 124 599,077 602,061
Real Estate – Residential   745 627 - 1,372 338,724 342,215
Real Estate – Home Equity   512 124 - 636 208,891 210,111
Consumer   1,661 313 - 1,974 294,328 296,622
Total Past Due Loans $ 3,635 $ 1,122 $ - $ 4,757 $ 1,762,596 $ 1,774,225
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 of $6.9 million for 2018 and $7.2 million for 2017.
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
2018
Beginning Balance $ 1,191 $ 122 $ 4,346 $ 3,206 $ 2,506 $ 1,936 $ 13,307
Provision for Loan Losses 428 139 (223) 331 137 2,109 2,921
Charge-Offs (644) (7) (315) (780) (533) (2,395) (4,674)
Recoveries 459 26 373 643 191 964 2,656
Net Charge-Offs (185) 19 58 (137) (342) (1,431) (2,018)
Ending Balance $ 1,434 $ 280 $ 4,181 $ 3,400 $ 2,301 $ 2,614 $ 14,210
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
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
2018
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 118 $ 52 $ 1,026 $ 919 $ 289 $ 1 $ 2,405
Loans Collectively
Evaluated for Impairment 1,316 228 3,155 2,481 2,012 2,613 11,805
Ending Balance $ 1,434 $ 280 $ 4,181 $ 3,400 $ 2,301 $ 2,614 $ 14,210
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
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
2018
Individually Evaluated
for Impairment $ 873 $ 781 $ 12,650 $ 10,593 $ 2,210 $ 88 $ 27,195
Collectively Evaluated
for Impairment 232,816 88,746 589,411 331,622 207,901 296,534 1,747,030
Total $ 233,689 $ 89,527 $ 602,061 $ 342,215 $ 210,111 $ 296,622 $ 1,774,225
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
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
2018
Commercial, Financial and Agricultural $ 873 $ 101 $ 772 $ 118
Real Estate – Construction 781 459 322 52
Real Estate – Commercial Mortgage 12,650 2,384 10,266 1,026
Real Estate – Residential 10,593 1,482 9,111 919
Real Estate – Home Equity 2,210 855 1,355 289
Consumer 88 49 39 1
Total $ 27,195 $ 5,330 $ 21,865 $ 2,405
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
  2018   2017   2016
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 $ 1,123 $ 87 $ 1,117 $ 48   $ 886 $ 49
Real Estate – Construction   729 3   339 4     69 1
Real Estate – Commercial Mortgage 17,463 653 21,682 911 21,376 920
Real Estate – Residential   11,890 550   14,261 683     17,314 786
Real Estate – Home Equity   2,714 98   3,290 108     3,076 115
Consumer   99 7   141 8     207 9
Total $ 34,018 $ 1,398 $ 40,830 $ 1,762   $ 42,928 $ 1,880
Schedule of risk category of loans by segment
Commercial,
Financial, Total
(Dollars in Thousands) Agriculture Real Estate Consumer Loans
2018
Pass $ 232,417 $ 1,211,451 $ 295,888 $ 1,739,756
Special Mention 479 11,048 54 11,581
Substandard   793   21,415   680   22,888
Doubtful   -   -   -   -
Total Loans $ 233,689 $ 1,243,914 $ 296,622 $ 1,774,225
2017
Pass $ 209,230 $ 1,112,477 $ 279,515 $ 1,601,222
Special Mention 7,879 13,324 65 21,268
Substandard   1,057   29,291   654   31,002
Doubtful   -   -   -   -
Total Loans $ 218,166 $ 1,155,092 $ 280,234 $ 1,653,492
Schedule of troubled debt restructurings loans
2018 2017
(Dollars in Thousands) Accruing Nonaccruing Accruing   Nonaccruing
Commercial, Financial and Agricultural $ 873 $ - $ 822 $ -
Real Estate – Construction 59 -   64 -
Real Estate – Commercial Mortgage 9,910 1,239   17,058 1,636
Real Estate – Residential 9,234 1,222   11,666 503
Real Estate – Home Equity 1,920 179   2,441 186
Consumer 88 -   113 -
Total TDRs $ 22,084 $ 2,640 $ 32,164 $ 2,325
Schedule of loans classified as troubled debt in which modifications made
2018 2017 2016
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 $ 230 1 $ 22 -   $ -
Real Estate – Construction - - 1 65 -     -
Real Estate – Commercial Mortgage 1 228 1 70 3     5,012
Real Estate – Residential 2 108 2 283 6     590
Real Estate – Home Equity 2 110 4 203 5     206
Consumer - - - - -     -
Total TDRs 6 $ 676 9 $ 643 14   $ 5,808
(1) Recorded investment reflects charge-offs and additional funds advanced at time of restructure, if applicable.

2018 2017 2016
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 2 $ 303 1 $ 70   3   $ 4,703
Interest rate adjustment 1 33 3 302   -     -
Extended amortization and
interest rate adjustment 1 27 4 249   11     1,105
Principal Moratorium 2 313 - -   -     -
Other - - 1 22   -     -
Total TDRs 6 $ 676 9 $ 643   14   $ 5,808