Quarterly report pursuant to Section 13 or 15(d)

LOANS, NET (Tables)

v3.19.1
LOANS, NET (Tables)
 3 Months Ended
Mar. 31, 2019
Receivables [Abstract]  
Schedule of composition of the loan portfolio
(Dollars in Thousands) March 31, 2019   December 31, 2018
Commercial, Financial and Agricultural $ 238,942   $ 233,689
Real Estate – Construction   87,123     89,527
Real Estate – Commercial Mortgage   615,129     602,061
Real Estate – Residential(1)   349,004     342,215
Real Estate – Home Equity   209,194     210,111
Consumer(2)   297,713     296,622
Loans, Net of Unearned Income $ 1,797,105   $ 1,774,225
Schedule of recorded investment in nonaccrual loans and loans past due over 90 days and still on accrual by class of loans
March 31, 2019   December 31, 2018
(Dollars in Thousands) Nonaccrual   90 + Days Nonaccrual 90 + Days
Commercial, Financial and Agricultural $ 223 $ - $ 267 $ -
Real Estate – Construction   323 - 722 -
Real Estate – Commercial Mortgage   1,976 - 2,860 -
Real Estate – Residential   1,341 - 2,119 -
Real Estate – Home Equity   1,033 - 584 -
Consumer   151 - 320 -
Total Nonaccrual Loans $ 5,047 $ - $ 6,872 $ -
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)
March 31, 2019
Commercial, Financial and Agricultural $ 509 $ 128 $ - $ 637 $ 238,082 $ 238,942
Real Estate – Construction   59 - - 59 86,741 87,123
Real Estate – Commercial Mortgage   1,235 340 - 1,575 611,578 615,129
Real Estate – Residential   560 100 - 660 347,003 349,004
Real Estate – Home Equity   415 48 - 463 207,698 209,194
Consumer   1,065 223 - 1,288 296,274 297,713
Total Past Due Loans $ 3,843 $ 839 $ - $ 4,682 $ 1,787,376 $ 1,797,105
December 31, 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
(1) Total Loans include nonaccrual loans of $5.0 million and $6.9 million at March 31, 2019 and December 31, 2018, respectively.
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, 2019
Beginning Balance $ 1,434 $ 280 $ 4,181 $ 3,400 $ 2,301 $ 2,614 $ 14,210
Provision for Loan Losses 217 101 (103) 6 (20) 566 767
Charge-Offs (95) - (155) (264) (52) (795) (1,361)
Recoveries 74 - 70 44 32 284 504
Net Charge-Offs (21) - (85) (220) (20) (511) (857)
Ending Balance $ 1,630 $ 381 $ 3,993 $ 3,186 $ 2,261 $ 2,669 $ 14,120
Three Months Ended
March 31, 2018
Beginning Balance $ 1,191 $ 122 $ 4,346 $ 3,206 $ 2,506 $ 1,936 $ 13,307
Provision for Loan Losses (44) 128 (126) 180 (90) 697 745
Charge-Offs (182) (7) (290) (107) (158) (695) (1,439)
Recoveries 166 1 123 84 61 210 645
Net Charge-Offs (16) (6) (167) (23) (97) (485) (794)
Ending Balance $ 1,131 $ 244 $ 4,053 $ 3,363 $ 2,319 $ 2,148 $ 13,258
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, 2019
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 186 $ 152 $ 827 $ 625 $ 310 $ 2 $ 2,102
Loans Collectively
Evaluated for Impairment 1,444 229 3,166 2,561 1,951 2,667 12,018
Ending Balance $ 1,630 $ 381 $ 3,993 $ 3,186 $ 2,261 $ 2,669 $ 14,120
December 31, 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
March 31, 2018
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 182 $ 114 $ 1,779 $ 1,412 $ 389 $ 1 $ 3,877
Loans Collectively
Evaluated for Impairment 949 130 2,274 1,951 1,930 2,147 9,381
Ending Balance $ 1,131 $ 244 $ 4,053 $ 3,363 $ 2,319 $ 2,148 $ 13,258
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, 2019
Individually Evaluated for
Impairment $ 787 $ 382 $ 11,908 $ 8,930 $ 2,630 $ 84 $ 24,721
Collectively Evaluated for
Impairment 238,155 86,741 603,221 340,074 206,564 297,629 1,772,384
Total $ 238,942 $ 87,123 $ 615,129 $ 349,004 $ 209,194 $ 297,713 $ 1,797,105
December 31, 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
March 31, 2018
Individually Evaluated for
Impairment $ 1,283 $ 671 $ 18,445 $ 13,204 $ 3,198 $ 109 $ 36,910
Collectively Evaluated for
Impairment 197,492 79,565 532,864 308,834 220,796 285,434 1,624,985
Total $ 198,775 $ 80,236 $ 551,309 $ 322,038 $ 223,994 $ 285,543 $ 1,661,895
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, 2019
Commercial, Financial and Agricultural $ 787 $ 96 $ 691 $ 186
Real Estate – Construction 382 59 323 152
Real Estate – Commercial Mortgage 11,908 2,453 9,455 827
Real Estate – Residential 8,930 2,402 6,528 625
Real Estate – Home Equity 2,630 1,057 1,573 310
Consumer 84 47 37 2
Total $ 24,721 $ 6,114 $ 18,607 $ 2,102
December 31, 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
Schedule of Average recorded investment and interest income recognized by class of impaired loans
Three Months Ended March 31,
  2019   2018
Average Total Average Total
Recorded Interest Recorded Interest
 (Dollars in Thousands) Investment Income Investment Income
Commercial, Financial and Agricultural $ 830 $ 11 $ 1,330 $ 29
Real Estate – Construction   582 -   517 1
Real Estate – Commercial Mortgage 12,279 123 18,862 175
Real Estate – Residential   9,761 127   13,038 148
Real Estate – Home Equity   2,420 26   3,265 26
Consumer   86 2   111 2
Total $ 25,958 $ 289 $ 37,123 $ 381
Schedule of risk category of loans by segment
Commercial,
Financial, Total
(Dollars in Thousands) Agriculture Real Estate Consumer Loans
March 31, 2019
Pass $ 237,133 $ 1,222,160 $ 297,255 $ 1,756,548
Special Mention 1,109 17,178 51 18,338
Substandard   700   21,112   407   22,219
Doubtful   -   -   -   -
Total Loans $ 238,942 $ 1,260,450 $ 297,713 $ 1,797,105
December 31, 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
Schedule of troubled debt restructurings loans
March 31, 2019 December 31, 2018
(Dollars in Thousands) Accruing Nonaccruing Accruing   Nonaccruing
Commercial, Financial and Agricultural $ 695 $ - $ 873 $ -
Real Estate – Construction 59 -   59 -
Real Estate – Commercial Mortgage 9,652 674   9,910 1,239
Real Estate – Residential 8,371 535   9,234 1,222
Real Estate – Home Equity 1,930 178   1,920 179
Consumer 84 -   88 -
Total TDRs $ 20,791 $ 1,387 $ 22,084 $ 2,640
Schedule of loans classified as TDRs
  Three Months Ended March 31,   Three Months Ended March 31,
2019 2018
Post- Post-
Number Modified   Number Modified
of Recorded of Recorded
(Dollars in Thousands) Contracts Investment(1) Contracts Investment
Commercial, Financial and Agricultural - $ -   1   $ 230
Real Estate – Construction - -   -     -
Real Estate – Commercial Mortgage - -   1     228
Real Estate – Residential 1 74   -     -
Real Estate – Home Equity 1 31   -     -
Consumer - -   -     -
Total TDRs 2  $ 105   2   $ 458
Schedule of loans modified as TDRs information
  Three Months Ended March 31,   Three Months Ended March 31,
2019 2018
Number of Recorded Number of Recorded
(Dollars in Thousands) Contracts Investment Contracts Investment(1)
Extended amortization - $ -   1   $ 228
Interest rate adjustment - -   -     -
Extended amortization and interest rate adjustment 2 105   -     -
Principal Moratorium - -   1     230
Other - -   -     -
Total TDRs 2 $ 105   2   $ 458