Quarterly report pursuant to Section 13 or 15(d)

LOANS, NET (Tables)

v3.19.2
LOANS, NET (Tables)
 6 Months Ended
Jun. 30, 2019
Receivables [Abstract]  
Schedule of composition of the loan portfolio
(Dollars in Thousands) June 30, 2019   December 31, 2018
Commercial, Financial and Agricultural $ 265,001   $ 233,689
Real Estate – Construction   101,372     89,527
Real Estate – Commercial Mortgage   614,618     602,061
Real Estate – Residential(1)   362,974     342,215
Real Estate – Home Equity   201,579     210,111
Consumer(2)   289,638     296,622
Loans, Net of Unearned Income $ 1,835,182   $ 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
June 30, 2019   December 31, 2018
(Dollars in Thousands) Nonaccrual   90 + Days Nonaccrual 90 + Days
Commercial, Financial and Agricultural $ 187 $ - $ 267 $ -
Real Estate – Construction   381 - 722 -
Real Estate – Commercial Mortgage   2,107 - 2,860 -
Real Estate – Residential   1,166 - 2,119 -
Real Estate – Home Equity   1,569 - 584 -
Consumer   212 - 320 -
Total Nonaccrual Loans $ 5,622 $ - $ 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)
June 30, 2019
Commercial, Financial and Agricultural $ 493 $ 393 $ - $ 886 $ 263,928 $ 265,001
Real Estate – Construction   - - - - 100,991 101,372
Real Estate – Commercial Mortgage   723 276 - 999 611,512 614,618
Real Estate – Residential   377 882 - 1,259 360,549 362,974
Real Estate – Home Equity   256 95 - 351 199,659 201,579
Consumer   1,613 335 - 1,948 287,478 289,638
Total Loans $ 3,462 $ 1,981 $ - $ 5,443 $ 1,824,117 $ 1,835,182
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 Loans $ 3,635 $ 1,122 $ - $ 4,757 $ 1,762,596 $ 1,774,225
(1) Total Loans include nonaccrual loans of $5.6 million and $6.9 million at June 30, 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
June 30, 2019
Beginning Balance $ 1,630 $ 381 $ 3,993 $ 3,186 $ 2,261 $ 2,669 $ 14,120
Provision for Loan Losses 195 140 (204) (134) 107 542 646
Charge-Offs (235) - - (65) (45) (520) (865)
Recoveries 58 - 100 223 60 251 692
Net Charge-Offs (177) - 100 158 15 (269) (173)
Ending Balance $ 1,648 $ 521 $ 3,889 $ 3,210 $ 2,383 $ 2,942 $ 14,593
Six Months Ended
June 30, 2019
Beginning Balance $ 1,434 $ 280 $ 4,181 $ 3,400 $ 2,301 $ 2,614 $ 14,210
Provision for Loan Losses 412 241 (307) (128) 87 1,108 1,413
Charge-Offs (330) - (155) (329) (97) (1,315) (2,226)
Recoveries 132 - 170 267 92 535 1,196
Net Charge-Offs (198) - 15 (62) (5) (780) (1,030)
Ending Balance $ 1,648 $ 521 $ 3,889 $ 3,210 $ 2,383 $ 2,942 $ 14,593
Three Months Ended
June 30, 2018
Beginning Balance $ 1,131 $ 244 $ 4,053 $ 3,363 $ 2,319 $ 2,148 $ 13,258
Provision for Loan Losses 137 39 364 (107) 110 272 815
Charge-Offs (141) - - (456) (157) (509) (1,263)
Recoveries 87 - 15 346 22 283 753
Net Charge-Offs (54) - 15 (110) (135) (226) (510)
Ending Balance $ 1,214 $ 283 $ 4,432 $ 3,146 $ 2,294 $ 2,194 $ 13,563
Six Months Ended
June 30, 2018
Beginning Balance $ 1,191 $ 122 $ 4,346 $ 3,206 $ 2,506 $ 1,936 $ 13,307
Provision for Loan Losses 93 167 238 73 20 969 1,560
Charge-Offs (323) (7) (290) (563) (315) (1,204) (2,702)
Recoveries 253 1 138 430 83 493 1,398
Net Charge-Offs (70) (6) (152) (133) (232) (711) (1,304)
Ending Balance $ 1,214 $ 283 $ 4,432 $ 3,146 $ 2,294 $ 2,194 $ 13,563
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, 2019
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 95 $ 254 $ 637 $ 585 $ 360 $ 2 $ 1,933
Loans Collectively
Evaluated for Impairment 1,553 267 3,252 2,625 2,023 2,940 12,660
Ending Balance $ 1,648 $ 521 $ 3,889 $ 3,210 $ 2,383 $ 2,942 $ 14,593
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
June 30, 2018
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 195 $ 113 $ 1,735 $ 1,030 $ 365 $ 1 $ 3,439
Loans Collectively
Evaluated for Impairment 1,019 170 2,697 2,116 1,929 2,193 10,124
Ending Balance $ 1,214 $ 283 $ 4,432 $ 3,146 $ 2,294 $ 2,194 $ 13,563
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, 2019
Individually Evaluated for
Impairment $ 1,261 $ 381 $ 13,239 $ 9,366 $ 2,324 $ 80 $ 26,651
Collectively Evaluated for
Impairment 263,740 100,991 601,379 353,608 199,255 289,558 1,808,531
Total $ 265,001 $ 101,372 $ 614,618 $ 362,974 $ 201,579 $ 289,638 $ 1,835,182
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
June 30, 2018
Individually Evaluated for
Impairment $ 1,093 $ 671 $ 18,368 $ 11,416 $ 2,589 $ 95 $ 34,232
Collectively Evaluated for
Impairment 221,313 87,498 557,625 320,528 216,262 287,017 1,690,243
Total $ 222,406 $ 88,169 $ 575,993 $ 331,944 $ 218,851 $ 287,112 $ 1,724,475
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, 2019
Commercial, Financial and Agricultural $ 1,261 $ 723 $ 538 $ 95
Real Estate – Construction 381 - 381 254
Real Estate – Commercial Mortgage 13,239 5,489 7,750 637
Real Estate – Residential 9,366 3,060 6,306 585
Real Estate – Home Equity 2,324 696 1,628 360
Consumer 80 44 36 2
Total $ 26,651 $ 10,012 $ 16,639 $ 1,933
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 June 30, Six Months Ended June 30,
  2019   2018   2019 2018
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 $ 1,024 $ 21 $ 1,188 $ 22   $ 974 $ 32 $ 1,251 $ 50
Real Estate – Construction   381 -   671 1     515 -   568 1
Real Estate – Commercial Mortgage 12,574 145 18,406 168 12,599 268 18,697 344
Real Estate – Residential   9,148 127   12,310 136     9,629 253   12,497 284
Real Estate – Home Equity   2,477 18   2,894 24     2,388 44   3,040 51
Consumer   82 2   102 2     84 4   106 4
Total $ 25,686 $ 313 $ 35,571 $ 353   $ 26,189 $ 601 $ 36,159 $ 734
Schedule of risk category of loans by segment
Commercial,
Financial, Total
(Dollars in Thousands) Agriculture Real Estate Consumer Loans
June 30, 2019
Pass $ 263,033 $ 1,242,619 $ 289,012 $ 1,794,664
Special Mention 465 13,599 49 14,113
Substandard   1,503   24,325   577   26,405
Doubtful   -   -   -   -
Total Loans $ 265,001 $ 1,280,543 $ 289,638 $ 1,835,182
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
June 30, 2019 December 31, 2018
(Dollars in Thousands) Accruing Nonaccruing Accruing   Nonaccruing
Commercial, Financial and Agricultural $ 630 $ - $ 873 $ -
Real Estate – Construction - 58   59 -
Real Estate – Commercial Mortgage 8,620 862   9,910 1,239
Real Estate – Residential 7,973 444   9,234 1,222
Real Estate – Home Equity 1,434 177   1,920 179
Consumer 80 -   88 -
Total TDRs $ 18,737 $ 1,541 $ 22,084 $ 2,640
Schedule of loans classified as TDRs
  Three Months Ended June 30,   Six Months Ended June 30,
2019 2019
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 58 61   1     58     61
Real Estate – Residential - - -   1     46     74
Real Estate – Home Equity - - -   1     30     31
Consumer - - -   -     -     -
Total TDRs 1 $ 58  $ 61   3   $ 134   $ 166
  Three Months Ended June 30,   Six Months Ended June 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     227
Real Estate – Residential 1 33 33   1     33     33
Real Estate – Home Equity 1 27 27   1     27     27
Consumer - - -   -     -     -
Total TDRs 2 $ 60  $ 60   4   $ 785   $ 517
Schedule of loans modified as TDRs within the previous 12 months and subsequently defaulted
  Three Months Ended June 30,   Six Months Ended June 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   1     64  
Real Estate – Residential - -   -     -  
Real Estate – Home Equity - -   -     -  
Consumer - -   -     -  
Total TDRs 1 $ 64   1   $ 64  
Schedule of loans modified as TDRs information
  Three Months Ended June 30,   Six Months Ended June 30,
2019 2019
Number of Recorded Number of Recorded
(Dollars in Thousands) Contracts Investment(1) Contracts Investment(1)
Extended amortization - $ -   -   $ -
Interest rate adjustment - -   -     -
Extended amortization and interest rate adjustment 1 61   3     166
Total TDRs 1 $ 61   3   $ 166

  Three Months Ended June 30,   Six Months Ended June 30,
2018 2018
Number of Recorded Number of Recorded
(Dollars in Thousands) Contracts Investment(1) Contracts Investment(1)
Extended amortization - $ -   1   $ 227
Interest rate adjustment 1 33   1     33
Extended amortization and interest rate adjustment 1 27   1     27
Principal moratorium - -   1     230
Total TDRs 2 $ 60   4   $ 517