Annual report pursuant to Section 13 and 15(d)

LOANS, NET (Tables)

v3.19.3.a.u2
LOANS, NET (Tables)
 12 Months Ended
Dec. 31, 2019
Loans, net [Abstract]  
Schedule of composition of the loan portfolio
(Dollars in Thousands) 2019 2018
Commercial, Financial and Agricultural $ 255,365   $ 233,689
Real Estate – Construction   115,018     89,527
Real Estate – Commercial Mortgage   625,556     602,061
Real Estate – Residential(1)   361,450     342,215
Real Estate – Home Equity   197,360     210,111
Consumer(2)   281,180     296,622
Loans, Net of Unearned Income $ 1,835,929   $ 1,774,225

(1) Includes loans in process with outstanding balances of $8.3 million and $9.2 million for 2019 and 2018, respectively.

(2) Includes overdraft balances of $1.6 million for 2019 and 2018.
Schedule of recorded investment in nonaccrual loans and loans past due over 90 days and still on accrual by class of loans
2019   2018
(Dollars in Thousands) Nonaccrual   90 + Days Nonaccrual 90 + Days
Commercial, Financial and Agricultural $ 446 $ - $ 267 $ -
Real Estate – Construction   - - 722 -
Real Estate – Commercial Mortgage   1,434 - 2,860 -
Real Estate – Residential   1,392 - 2,119 -
Real Estate – Home Equity   797 - 584 -
Consumer   403 - 320 -
Total Nonaccrual Loans $ 4,472 $ - $ 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)
2019
Commercial, Financial and Agricultural $ 489 $ 191 $ - $ 680 $ 254,239 $ 255,365
Real Estate – Construction   300 10 - 310 114,708 115,018
Real Estate – Commercial Mortgage   148 84 - 232 623,890 625,556
Real Estate – Residential   629 196 - 825 359,233 361,450
Real Estate – Home Equity   155 20 - 175 196,388 197,360
Consumer   2,000 649 - 2,649 278,128 281,180
Total Past Due Loans $ 3,721 $ 1,150 $ - $ 4,871 $ 1,826,586 $ 1,835,929
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 $4.5 million for 2019 and $6.9 million for 2018.
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
2019
Beginning Balance $ 1,434 $ 280 $ 4,181 $ 3,400 $ 2,301 $ 2,614 $ 14,210
Provision for Loan Losses 664 371 (1,129) (301) 178 2,244 2,027
Charge-Offs (768) (281) (214) (400) (430) (2,878) (4,971)
Recoveries 345 - 578 429 175 1,112 2,639
Net Charge-Offs (423) (281) 364 29 (255) (1,766) (2,332)
Ending Balance $ 1,675 $ 370 $ 3,416 $ 3,128 $ 2,224 $ 3,092 $ 13,905
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
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
2019
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 121 $ - $ 533 $ 678 $ 378 $ 2 $ 1,712
Loans Collectively
Evaluated for Impairment 1,554 370 2,883 2,450 1,846 3,090 12,193
Ending Balance $ 1,675 $ 370 $ 3,416 $ 3,128 $ 2,224 $ 3,092 $ 13,905
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
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
2019
Individually Evaluated
for Impairment $ 727 $ - $ 11,957 $ 8,633 $ 1,673 $ 71 $ 23,061
Collectively Evaluated
for Impairment 254,638 115,018 613,599 352,817 195,687 281,109 1,812,868
Total $ 255,365 $ 115,018 $ 625,556 $ 361,450 $ 197,360 $ 281,180 $ 1,835,929
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
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
2019
Commercial, Financial and Agricultural $ 727 $ 146 $ 581 $ 121
Real Estate – Construction - - - -
Real Estate – Commercial Mortgage 11,957 4,735 7,222 533
Real Estate – Residential 8,633 1,764 6,869 678
Real Estate – Home Equity 1,673 255 1,418 378
Consumer 71 36 35 2
Total $ 23,061 $ 6,936 $ 16,125 $ 1,712
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
  2019   2018   2017
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 $ 975 $ 65 $ 1,123 $ 87   $ 1,117 $ 48
Real Estate – Construction   340 1   729 3     339 4
Real Estate – Commercial Mortgage 12,536 550 17,463 653 21,682 911
Real Estate – Residential   9,296 495   11,890 550     14,261 683
Real Estate – Home Equity   2,131 78   2,714 98     3,290 108
Consumer   80 7   99 7     141 8
Total $ 25,358 $ 1,196 $ 34,018 $ 1,398   $ 40,830 $ 1,762
Schedule of risk category of loans by segment
Commercial,
Financial, Total
(Dollars in Thousands) Agriculture Real Estate Consumer Loans
2019
Pass $ 254,434 $ 1,267,555 $ 280,121 $ 1,802,110
Special Mention 218 12,753 - 12,971
Substandard   713   19,076   1,059   20,848
Doubtful   -   -   -   -
Total Loans $ 255,365 $ 1,299,384 $ 281,180 $ 1,835,929
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
2019 2018
(Dollars in Thousands) Accruing Nonaccruing Accruing   Nonaccruing
Commercial, Financial and Agricultural $ 495 $ 55 $ 873 $ -
Real Estate – Construction - -   59 -
Real Estate – Commercial Mortgage 7,787 176   9,910 1,239
Real Estate – Residential 7,083 379   9,234 1,222
Real Estate – Home Equity 1,452 105   1,920 179
Consumer 71 -   88 -
Total TDRs $ 16,888 $ 715 $ 22,084 $ 2,640
Schedule of loans classified as troubled debt in which modifications made
2019 2018 2017
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 $ 58 1 $ 230 1   $ 22
Real Estate – Construction - - - - 1     65
Real Estate – Commercial Mortgage 2 218 1 228 1     70
Real Estate – Residential 2 162 2 108 2     283
Real Estate – Home Equity 2 56 2 110 4     203
Consumer - - - - -     -
Total TDRs 7 $ 494 6 $ 676 9   $ 643
(1) Recorded investment reflects charge-offs and additional funds advanced at time of restructure, if applicable.

2019 2018 2017
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
Interest rate adjustment 1 25 1 33   3     302
Extended amortization and
interest rate adjustment 6 469 1 27   4     249
Principal Moratorium - - 2 313   -     -
Other - - - -   1     22
Total TDRs 7 $ 494 6 $ 676   9   $ 643
Schedule of loans classified as troubled debt subsequently defaulted
2019 2018 2017
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 - $ - - $ -   -   $ -
Real Estate – Construction - - - -   -     -
Real Estate – Commercial Mortgage - - - -   -     -
Real Estate – Residential - - 1 76   -     -
Total TDRs - $ - 1 $ 76   -   $ -
(1) Recorded investment reflects charge-offs and additional funds advanced at time of restructure, if applicable.