Quarterly report pursuant to Section 13 or 15(d)

LOANS, NET (Tables)

v3.19.3
LOANS, NET (Tables)
 9 Months Ended
Sep. 30, 2019
Receivables [Abstract]  
Schedule of composition of the loan portfolio
(Dollars in Thousands) September 30, 2019   December 31, 2018
Commercial, Financial and Agricultural $ 259,870   $ 233,689
Real Estate – Construction   111,358     89,527
Real Estate – Commercial Mortgage   610,726     602,061
Real Estate – Residential(1)   368,793     342,215
Real Estate – Home Equity   197,326     210,111
Consumer(2)   279,680     296,622
Loans, Net of Unearned Income $ 1,827,753   $ 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
September 30, 2019   December 31, 2018
(Dollars in Thousands) Nonaccrual   90 + Days Nonaccrual 90 + Days
Commercial, Financial and Agricultural $ 324 $ - $ 267 $ -
Real Estate – Construction   158 - 722 -
Real Estate – Commercial Mortgage   2,159 - 2,860 -
Real Estate – Residential   1,059 - 2,119 -
Real Estate – Home Equity   894 - 584 -
Consumer   334 - 320 -
Total Nonaccrual Loans $ 4,928 $ - $ 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)
September 30, 2019
Commercial, Financial and Agricultural $ 601 $ 185 $ - $ 786 $ 258,760 $ 259,870
Real Estate – Construction   - - - - 111,200 111,358
Real Estate – Commercial Mortgage   660 103 - 763 607,804 610,726
Real Estate – Residential   550 327 - 877 366,857 368,793
Real Estate – Home Equity   173 39 - 212 196,220 197,326
Consumer   1,883 599 - 2,482 276,864 279,680
Total Loans $ 3,867 $ 1,253 $ - $ 5,120 $ 1,817,705 $ 1,827,753
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 $4.9 million and $6.9 million at September 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
September 30, 2019
Beginning Balance $ 1,648 $ 521 $ 3,889 $ 3,210 $ 2,383 $ 2,942 $ 14,593
Provision for Loan Losses 236 81 (304) 3 71 689 776
Charge-Offs (289) (223) (26) (44) (333) (744) (1,659)
Recoveries 86 - 142 46 58 277 609
Net Charge-Offs (203) (223) 116 2 (275) (467) (1,050)
Ending Balance $ 1,681 $ 379 $ 3,701 $ 3,215 $ 2,179 $ 3,164 $ 14,319
Nine Months Ended
September 30, 2019
Beginning Balance $ 1,434 $ 280 $ 4,181 $ 3,400 $ 2,301 $ 2,614 $ 14,210
Provision for Loan Losses 648 322 (611) (125) 158 1,797 2,189
Charge-Offs (619) (223) (181) (373) (430) (2,059) (3,885)
Recoveries 218 - 312 313 150 812 1,805
Net Charge-Offs (401) (223) 131 (60) (280) (1,247) (2,080)
Ending Balance $ 1,681 $ 379 $ 3,701 $ 3,215 $ 2,179 $ 3,164 $ 14,319
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
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, 2019
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 152 $ 23 $ 614 $ 696 $ 305 $ 2 $ 1,792
Loans Collectively
Evaluated for Impairment 1,529 356 3,087 2,519 1,874 3,162 12,527
Ending Balance $ 1,681 $ 379 $ 3,701 $ 3,215 $ 2,179 $ 3,164 $ 14,319
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
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
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, 2019
Individually Evaluated for
Impairment $ 1,226 $ 158 $ 12,926 $ 8,960 $ 1,816 $ 76 $ 25,162
Collectively Evaluated for
Impairment 258,644 111,200 597,800 359,833 195,510 279,604 1,802,591
Total $ 259,870 $ 111,358 $ 610,726 $ 368,793 $ 197,326 $ 279,680 $ 1,827,753
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
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
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, 2019
Commercial, Financial and Agricultural $ 1,226 $ 692 $ 534 $ 152
Real Estate – Construction 158 - 158 23
Real Estate – Commercial Mortgage 12,926 5,176 7,750 614
Real Estate – Residential 8,960 2,141 6,819 696
Real Estate – Home Equity 1,816 421 1,395 305
Consumer 76 40 36 2
Total $ 25,162 $ 8,470 $ 16,692 $ 1,792
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 September 30, Nine Months Ended September 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 $ 1,244 $ 21 $ 1,040 $ 19   $ 1,037 $ 53 $ 1,185 $ 69
Real Estate – Construction   270 -   915 2     426 -   716 3
Real Estate – Commercial Mortgage 13,082 143 18,470 167 12,681 410 18,666 511
Real Estate – Residential   9,163 127   11,393 133     9,461 380   12,215 417
Real Estate – Home Equity   2,070 16   2,415 23     2,245 61   2,840 74
Consumer   78 2   92 2     82 6   102 6
Total $ 25,907 $ 309 $ 34,325 $ 346   $ 25,932 $ 910 $ 35,724 $ 1,080
Schedule of risk category of loans by segment
Commercial,
Financial, Total
(Dollars in Thousands) Agriculture Real Estate Consumer Loans
September 30, 2019
Pass $ 258,457 $ 1,259,949 $ 278,705 $ 1,797,111
Special Mention 286 8,998 35 9,319
Substandard   1,127   19,256   940   21,323
Doubtful   -   -   -   -
Total Loans $ 259,870 $ 1,288,203 $ 279,680 $ 1,827,753
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
September 30, 2019 December 31, 2018
(Dollars in Thousands) Accruing Nonaccruing Accruing   Nonaccruing
Commercial, Financial and Agricultural $ 564 $ 56 $ 873 $ -
Real Estate – Construction - 58   59 -
Real Estate – Commercial Mortgage 8,459 832   9,910 1,239
Real Estate – Residential 7,769 285   9,234 1,222
Real Estate – Home Equity 1,416 173   1,920 179
Consumer 76 -   88 -
Total TDRs $ 18,284 $ 1,404 $ 22,084 $ 2,640
Schedule of loans classified as TDRs
  Three Months Ended September 30,   Nine Months Ended September 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(1) Contracts Investment Investment
Commercial, Financial and Agricultural 1 $ 58 $ 58   1   $ 58   $ 58
Real Estate – Construction - - -   -     -     -
Real Estate – Commercial Mortgage 1 151 157   2     209     218
Real Estate – Residential 1 92 88   2     138     162
Real Estate – Home Equity 1 26 25   2     56     56
Consumer - - -   -     -     -
Total TDRs 4 $ 327  $ 328   7   $ 461   $ 494
  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(1) 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
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  
Schedule of loans modified as TDRs information
  Three Months Ended September 30,   Nine Months Ended September 30,
2019 2019
Number of Recorded Number of Recorded
(Dollars in Thousands) Contracts Investment(1) Contracts Investment(1)
Extended amortization - $ -   -   $ -
Interest rate adjustment 1 25   1     25
Extended amortization and interest rate adjustment 3 303   6     469
Total TDRs 4 $ 328   7   $ 494

  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