|
LOANS, NET (Tables)
|
3 Months Ended |
|
Mar. 31, 2013
|
| Loans, Net [Abstract] |
|
| Loan Portfolio Composition |
Loan Portfolio Composition. The composition of the loan portfolio was as follows:
| (Dollars in Thousands) |
|
March 31, 2013 |
|
December 31, 2012 |
| Commercial, Financial and Agricultural |
|
$ |
125,905 |
|
|
$ |
139,850 |
|
| Real Estate - Construction |
|
|
37,949 |
|
|
|
37,512 |
|
| Real Estate - Commercial Mortgage |
|
|
599,517 |
|
|
|
613,625 |
|
| Real Estate - Residential(1) |
|
|
309,973 |
|
|
|
321,986 |
|
| Real Estate - Home Equity |
|
|
233,205 |
|
|
|
236,263 |
|
| Consumer |
|
|
148,350 |
|
|
|
157,877 |
|
| Loans, Net of Unearned Income |
|
$ |
1,454,899 |
|
|
$ |
1,507,113 |
|
(1) Includes loans in process with outstanding balances of $8.2 million and $11.9 million for March 31, 2013 and December 31, 2012, respectively.
|
| Recorded investment in nonaccrual loans and loans past due over 90 days and still on accrual by class of loans |
The following table presents the recorded investment in nonaccrual loans and loans past due over 90 days and still on accrual by class of loans:
| |
|
March 31, 2013 |
|
December 31, 2012 |
| (Dollars in Thousands) |
|
Nonaccrual |
|
90 + Days |
|
Nonaccrual |
|
90 + Days |
| Commercial, Financial and Agricultural |
|
$ |
880 |
|
|
|
— |
|
|
$ |
1,069 |
|
|
|
— |
|
| Real Estate - Construction |
|
|
1,919 |
|
|
|
— |
|
|
|
4,071 |
|
|
|
— |
|
| Real Estate - Commercial Mortgage |
|
|
26,707 |
|
|
|
— |
|
|
|
41,045 |
|
|
|
— |
|
| Real Estate - Residential |
|
|
10,665 |
|
|
|
— |
|
|
|
13,429 |
|
|
|
— |
|
| Real Estate - Home Equity |
|
|
4,685 |
|
|
|
— |
|
|
|
4,034 |
|
|
|
— |
|
| Consumer |
|
|
592 |
|
|
|
— |
|
|
|
574 |
|
|
|
— |
|
| Total Nonaccrual Loans |
|
$ |
45,448 |
|
|
|
— |
|
|
$ |
64,222 |
|
|
|
— |
|
|
| Aging of the recorded investment in past due loans by class of loans |
The following table presents the aging of the recorded investment in past due loans by class of loans:
|
(Dollars in Thousands)
|
|
|
30-59
DPD
|
|
|
|
60-89
DPD
|
|
|
|
90 +
DPD
|
|
|
|
Total
Past Due
|
|
|
|
Total
Current
|
|
|
|
Total
Loans
|
|
| March 31, 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial, Financial and Agricultural |
|
$ |
244 |
|
|
$ |
22 |
|
|
$ |
— |
|
|
$ |
266 |
|
|
$ |
124,758 |
|
|
$ |
125,905 |
|
| Real Estate - Construction |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
36,029 |
|
|
|
37,949 |
|
| Real Estate - Commercial Mortgage |
|
|
2,615 |
|
|
|
416 |
|
|
|
— |
|
|
|
3,031 |
|
|
|
569,780 |
|
|
|
599,517 |
|
| Real Estate - Residential |
|
|
2,279 |
|
|
|
1,430 |
|
|
|
— |
|
|
|
3,709 |
|
|
|
295,599 |
|
|
|
309,973 |
|
| Real Estate - Home Equity |
|
|
1,066 |
|
|
|
13 |
|
|
|
— |
|
|
|
1,079 |
|
|
|
227,442 |
|
|
|
233,205 |
|
| Consumer |
|
|
1,068 |
|
|
|
121 |
|
|
|
— |
|
|
|
1,189 |
|
|
|
146,568 |
|
|
|
148,350 |
|
| Total Past Due Loans |
|
$ |
7,272 |
|
|
$ |
2,002 |
|
|
$ |
— |
|
|
$ |
9,274 |
|
|
$ |
1,400,176 |
|
|
$ |
1,454,899 |
|
|
(Dollars in Thousands)
|
30-59
DPD
|
60-89
DPD
|
90 +
DPD
|
Total
Past Due
|
Total
Current
|
Total
Loans
|
| December 31, 2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial, Financial and Agricultural |
|
$ |
302 |
|
|
$ |
314 |
|
|
$ |
— |
|
|
$ |
616 |
|
|
$ |
138,165 |
|
|
$ |
139,850 |
|
| Real Estate - Construction |
|
|
375 |
|
|
|
— |
|
|
|
— |
|
|
|
375 |
|
|
|
33,066 |
|
|
|
37,512 |
|
| Real Estate - Commercial Mortgage |
|
|
1,090 |
|
|
|
583 |
|
|
|
— |
|
|
|
1,673 |
|
|
|
570,907 |
|
|
|
613,625 |
|
| Real Estate - Residential |
|
|
2,788 |
|
|
|
1,199 |
|
|
|
— |
|
|
|
3,987 |
|
|
|
304,570 |
|
|
|
321,986 |
|
| Real Estate - Home Equity |
|
|
711 |
|
|
|
487 |
|
|
|
— |
|
|
|
1,198 |
|
|
|
231,031 |
|
|
|
236,263 |
|
| Consumer |
|
|
1,693 |
|
|
|
392 |
|
|
|
— |
|
|
|
2,085 |
|
|
|
155,218 |
|
|
|
157,877 |
|
| Total Past Due Loans |
|
$ |
6,959 |
|
|
$ |
2,975 |
|
|
$ |
— |
|
|
$ |
9,934 |
|
|
$ |
1,432,957 |
|
|
$ |
1,507,113 |
|
Allowance for Loan Losses. The allowance for loan losses is a reserve established through a provision for loan losses charged to expense, which represents management’s best estimate of probable losses within the existing portfolio of loans. Loans are charged-off to the allowance when losses are deemed to be probable and reasonably quantifiable.
|
| Activity in the allowance for loan losses by portfolio class |
The following table details the activity in the allowance for loan losses by portfolio class for the three months ended March 31, 2013 and 2012. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.
|
(Dollars in Thousands)
|
|
Commercial, Financial, Agricultural |
|
Real Estate Construction |
|
Real Estate Commercial Mortgage |
|
Real Estate Residential |
|
Real Estate Home Equity |
|
Consumer |
|
Unallocated |
|
Total |
| March 31, 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning Balance |
|
$ |
1,253 |
|
|
$ |
2,856 |
|
|
$ |
11,081 |
|
|
$ |
8,678 |
|
|
$ |
2,945 |
|
|
$ |
1,327 |
|
|
$ |
1,027 |
|
|
$ |
29,167 |
|
| Provision for Loan Losses |
|
|
(293 |
) |
|
|
141 |
|
|
|
923 |
|
|
|
174 |
|
|
|
227 |
|
|
|
(75 |
) |
|
|
(27 |
) |
|
|
1,070 |
|
| Charge-Offs |
|
|
(154 |
) |
|
|
(610 |
) |
|
|
(1,044 |
) |
|
|
(682 |
) |
|
|
(113 |
) |
|
|
(296 |
) |
|
|
— |
|
|
|
(2,899 |
) |
| Recoveries |
|
|
51 |
|
|
|
— |
|
|
|
38 |
|
|
|
96 |
|
|
|
18 |
|
|
|
262 |
|
|
|
— |
|
|
|
465 |
|
| Net Charge-Offs |
|
|
(103 |
) |
|
|
(610 |
) |
|
|
(1,006 |
) |
|
|
(586 |
) |
|
|
(95 |
) |
|
|
(34 |
) |
|
|
— |
|
|
|
(2,434 |
) |
| Ending Balance |
|
$ |
857 |
|
|
$ |
2,387 |
|
|
$ |
10,998 |
|
|
$ |
8,266 |
|
|
$ |
3,077 |
|
|
$ |
1,218 |
|
|
$ |
1,000 |
|
|
$ |
27,803 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| March 31, 2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning Balance |
|
$ |
1,534 |
|
|
$ |
1,133 |
|
|
$ |
10,660 |
|
|
$ |
12,518 |
|
|
$ |
2,392 |
|
|
$ |
1,887 |
|
|
$ |
911 |
|
|
$ |
31,035 |
|
| Provision for Loan Losses |
|
|
158 |
|
|
|
628 |
|
|
|
1,166 |
|
|
|
1,511 |
|
|
|
1,207 |
|
|
|
41 |
|
|
|
82 |
|
|
|
4,793 |
|
| Charge-Offs |
|
|
(268 |
) |
|
|
— |
|
|
|
(1,532 |
) |
|
|
(1,967 |
) |
|
|
(892 |
) |
|
|
(732 |
) |
|
|
— |
|
|
|
(5,391 |
) |
| Recoveries |
|
|
69 |
|
|
|
— |
|
|
|
138 |
|
|
|
163 |
|
|
|
18 |
|
|
|
392 |
|
|
|
— |
|
|
|
780 |
|
| Net Charge-Offs |
|
|
(199 |
) |
|
|
— |
|
|
|
(1,394 |
) |
|
|
(1,804 |
) |
|
|
(874 |
) |
|
|
(340 |
) |
|
|
|
|
|
|
(4,611 |
) |
| Ending Balance |
|
$ |
1,493 |
|
|
$ |
1,761 |
|
|
$ |
10,432 |
|
|
$ |
12,225 |
|
|
$ |
2,725 |
|
|
$ |
1,588 |
|
|
$ |
993 |
|
|
$ |
31,217 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allowance for loan losses by portfolio class disaggregated on the basis |
The following table details the amount of the allowance for loan losses by portfolio class disaggregated on the basis of the Company’s impairment methodology.
|
(Dollars in Thousands)
|
|
Commercial, Financial, Agricultural |
|
Real Estate Construction |
|
Real Estate Commercial Mortgage |
|
Real Estate Residential |
|
Real Estate Home Equity |
|
Consumer |
|
Unallocated |
|
Total |
| March 31, 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Period-end amount Allocated to: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans Individually Evaluated for Impairment |
|
$ |
180 |
|
|
$ |
274 |
|
|
$ |
6,244 |
|
|
$ |
2,493 |
|
|
$ |
544 |
|
|
$ |
16 |
|
|
$ |
— |
|
|
$ |
9,751 |
|
| Loans Collectively Evaluated for Impairment |
|
|
677 |
|
|
|
2,113 |
|
|
|
4,754 |
|
|
|
5,773 |
|
|
|
2,533 |
|
|
|
1,202 |
|
|
|
1,000 |
|
|
|
18,052 |
|
| Ending Balance |
|
$ |
857 |
|
|
$ |
2,387 |
|
|
$ |
10,998 |
|
|
$ |
8,266 |
|
|
$ |
3,077 |
|
|
$ |
1,218 |
|
|
$ |
1,000 |
|
|
$ |
27,803 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2012
Period-end amount Allocated to: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans Individually Evaluated for Impairment |
|
$ |
210 |
|
|
$ |
714 |
|
|
$ |
6,641 |
|
|
$ |
2,778 |
|
|
$ |
546 |
|
|
$ |
32 |
|
|
$ |
— |
|
|
$ |
10,921 |
|
| Loans Collectively Evaluated for Impairment |
|
|
1,043 |
|
|
|
2,142 |
|
|
|
4,440 |
|
|
|
5,900 |
|
|
|
2,399 |
|
|
|
1,295 |
|
|
|
1,027 |
|
|
|
18,246 |
|
| Ending Balance |
|
$ |
1,253 |
|
|
$ |
2,856 |
|
|
$ |
11,081 |
|
|
$ |
8,678 |
|
|
$ |
2,945 |
|
|
$ |
1,327 |
|
|
$ |
1,027 |
|
|
$ |
29,167 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2012
Period-end amount Allocated to: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans Individually Evaluated for Impairment |
|
$ |
241 |
|
|
$ |
123 |
|
|
$ |
5,543 |
|
|
$ |
4,789 |
|
|
$ |
580 |
|
|
$ |
26 |
|
|
$ |
— |
|
|
$ |
11,302 |
|
| Loans Collectively Evaluated for Impairment |
|
|
1,252 |
|
|
|
1,638 |
|
|
|
4,889 |
|
|
|
7,436 |
|
|
|
2,145 |
|
|
|
1,562 |
|
|
|
993 |
|
|
|
19,915 |
|
| Ending Balance |
|
$ |
1,493 |
|
|
$ |
1,761 |
|
|
$ |
10,432 |
|
|
$ |
12,225 |
|
|
$ |
2,725 |
|
|
$ |
1,588 |
|
|
$ |
993 |
|
|
$ |
31,217 |
|
| Recorded investment in loans related to each balance in the allowance for loan losses |
The Company’s recorded investment in loans related to each balance in the allowance for loan losses by portfolio class and disaggregated on the basis of the Company’s impairment methodology was as follows:
|
(Dollars in Thousands)
|
|
Commercial, Financial, Agricultural |
|
Real Estate Construction |
|
Real Estate
Commercial
Mortgage |
|
Real Estate Residential |
|
Real Estate Home Equity |
|
Consumer |
|
Unallocated |
|
Total |
| March 31, 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Individually Evaluated for Impairment |
|
$ |
2,397 |
|
|
$ |
2,080 |
|
|
$ |
63,041 |
|
|
$ |
22,073 |
|
|
$ |
4,069 |
|
|
$ |
647 |
|
|
$ |
— |
|
|
$ |
94,307 |
|
| Collectively Evaluated for Impairment |
|
|
123,508 |
|
|
|
35,869 |
|
|
|
536,476 |
|
|
|
287,900 |
|
|
|
229,136 |
|
|
|
147,703 |
|
|
|
— |
|
|
|
1,360,592 |
|
| Total |
|
$ |
125,905 |
|
|
$ |
37,949 |
|
|
$ |
599,517 |
|
|
$ |
309,973 |
|
|
$ |
233,205 |
|
|
$ |
148,350 |
|
|
$ |
— |
|
|
$ |
1,454,899 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Individually Evaluated for Impairment |
|
$ |
2,325 |
|
|
$ |
4,232 |
|
|
$ |
74,650 |
|
|
$ |
23,030 |
|
|
$ |
3,858 |
|
|
$ |
687 |
|
|
$ |
— |
|
|
$ |
108,782 |
|
| Collectively Evaluated for Impairment |
|
|
137,525 |
|
|
|
33,280 |
|
|
|
538,975 |
|
|
|
298,956 |
|
|
|
232,405 |
|
|
|
157,190 |
|
|
|
— |
|
|
|
1,398,331 |
|
| Total |
|
$ |
139,850 |
|
|
$ |
37,512 |
|
|
$ |
613,625 |
|
|
$ |
321,986 |
|
|
$ |
236,263 |
|
|
$ |
157,877 |
|
|
$ |
— |
|
|
$ |
1,507,113 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| March 31, 2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Individually Evaluated for Impairment |
|
$ |
1,809 |
|
|
$ |
1,266 |
|
|
$ |
69,898 |
|
|
$ |
33,826 |
|
|
$ |
3,355 |
|
|
$ |
46 |
|
|
$ |
— |
|
|
$ |
110,200 |
|
| Collectively Evaluated for Impairment |
|
|
130,310 |
|
|
|
28,972 |
|
|
|
554,630 |
|
|
|
327,607 |
|
|
|
237,445 |
|
|
|
176,159 |
|
|
|
— |
|
|
|
1,455,123 |
|
| Total |
|
$ |
132,119 |
|
|
$ |
30,238 |
|
|
$ |
624,528 |
|
|
$ |
361,433 |
|
|
$ |
240,800 |
|
|
$ |
176,205 |
|
|
$ |
— |
|
|
$ |
1,565,323 |
|
|
| Loans individually evaluated for impairment by class of loans |
The following table presents loans individually evaluated for impairment by class of loans:
|
(Dollars in Thousands)
|
|
Unpaid Principal Balance |
|
Recorded Investment With No Allowance |
|
Recorded Investment With Allowance |
|
Related Allowance |
| March 31, 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial, Financial and Agricultural |
|
$ |
2,397 |
|
|
$ |
667 |
|
|
$ |
1,730 |
|
|
$ |
180 |
|
| Real Estate - Construction |
|
|
2,080 |
|
|
|
— |
|
|
|
2,080 |
|
|
|
274 |
|
| Real Estate - Commercial Mortgage |
|
|
63,041 |
|
|
|
15,492 |
|
|
|
47,549 |
|
|
|
6,244 |
|
| Real Estate - Residential |
|
|
22,073 |
|
|
|
2,865 |
|
|
|
19,208 |
|
|
|
2,493 |
|
| Real Estate - Home Equity |
|
|
4,069 |
|
|
|
1,028 |
|
|
|
3,041 |
|
|
|
544 |
|
| Consumer |
|
|
647 |
|
|
|
152 |
|
|
|
495 |
|
|
|
16 |
|
| Total |
|
$ |
94,307 |
|
|
$ |
20,204 |
|
|
$ |
74,103 |
|
|
$ |
9,751 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial, Financial and Agricultural |
|
$ |
2,325 |
|
|
$ |
527 |
|
|
$ |
1,797 |
|
|
$ |
210 |
|
| Real Estate - Construction |
|
|
4,232 |
|
|
|
— |
|
|
|
4,232 |
|
|
|
714 |
|
| Real Estate - Commercial Mortgage |
|
|
74,650 |
|
|
|
22,594 |
|
|
|
52,056 |
|
|
|
6,641 |
|
| Real Estate - Residential |
|
|
23,030 |
|
|
|
2,635 |
|
|
|
20,395 |
|
|
|
2,778 |
|
| Real Estate - Home Equity |
|
|
3,858 |
|
|
|
890 |
|
|
|
2,968 |
|
|
|
546 |
|
| Consumer |
|
|
687 |
|
|
|
123 |
|
|
|
565 |
|
|
|
32 |
|
| Total |
|
$ |
108,782 |
|
|
$ |
26,769 |
|
|
$ |
82,013 |
|
|
$ |
10,921 |
|
|
| Average recorded investment and interest income recognized by class of impaired loans |
The following table summarizes the average recorded investment and interest income recognized by class of impaired loans:
| |
|
For Three Months Ended March 31, |
| |
|
2013 |
|
2012 |
| (Dollars in Thousands) |
|
Average
Recorded
Investment |
|
Total Interest Income |
|
Average
Recorded
Investment |
|
Total Interest Income |
| Commercial, Financial and Agricultural |
|
$ |
2,361 |
|
|
$ |
42 |
|
|
$ |
1,731 |
|
|
$ |
20 |
|
| Real Estate - Construction |
|
|
3,156 |
|
|
|
2 |
|
|
|
889 |
|
|
|
4 |
|
| Real Estate - Commercial Mortgage |
|
|
68,845 |
|
|
|
541 |
|
|
|
67,761 |
|
|
|
481 |
|
| Real Estate - Residential |
|
|
22,552 |
|
|
|
206 |
|
|
|
35,075 |
|
|
|
235 |
|
| Real Estate - Home Equity |
|
|
3,963 |
|
|
|
19 |
|
|
|
3,441 |
|
|
|
25 |
|
| Consumer |
|
|
668 |
|
|
|
2 |
|
|
|
95 |
|
|
|
4 |
|
| Total |
|
$ |
101,545 |
|
|
$ |
812 |
|
|
$ |
108,992 |
|
|
$ |
769 |
|
|
| Risk category of loans by segment |
The following table presents the risk category of loans by segment:
|
(Dollars in Thousands)
|
|
Commercial, Financial, Agriculture |
|
Real Estate |
|
Consumer |
|
Total Loans |
| March 31, 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Special Mention |
|
$ |
5,166 |
|
|
$ |
63,539 |
|
|
$ |
133 |
|
|
$ |
68,838 |
|
| Substandard |
|
|
4,421 |
|
|
|
148,708 |
|
|
|
1,399 |
|
|
|
154,528 |
|
| Doubtful |
|
|
158 |
|
|
|
1,499 |
|
|
|
— |
|
|
|
1,657 |
|
| Total Criticized Loans |
|
$ |
9,745 |
|
|
$ |
213,746 |
|
|
$ |
1,532 |
|
|
$ |
225,023 |
|
|
(Dollars in Thousands)
|
|
Commercial, Financial, Agriculture |
|
Real Estate |
|
Consumer |
|
Total Loans |
| December 31, 2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Special Mention |
|
$ |
4,380 |
|
|
$ |
54,938 |
|
|
$ |
142 |
|
|
$ |
59,460 |
|
| Substandard |
|
|
10,863 |
|
|
|
177,277 |
|
|
|
1,624 |
|
|
|
189,764 |
|
| Doubtful |
|
|
158 |
|
|
|
1,515 |
|
|
|
— |
|
|
|
1,673 |
|
| Total Criticized Loans |
|
$ |
15,401 |
|
|
$ |
233,730 |
|
|
$ |
1,766 |
|
|
$ |
250,897 |
|
| Loans classified as TDRs |
The following table presents loans classified as TDRs:
| |
|
March 31, 2013 |
|
December 31, 2012 |
| (Dollars in Thousands) |
|
Accruing |
|
Nonaccruing |
|
Accruing |
|
Nonaccruing |
| Commercial, Financial and Agricultural |
|
$ |
1,621 |
|
|
$ |
394 |
|
|
$ |
1,462 |
|
|
$ |
508 |
|
| Real Estate - Construction |
|
|
160 |
|
|
|
— |
|
|
|
161 |
|
|
|
— |
|
| Real Estate - Commercial Mortgage |
|
|
34,532 |
|
|
|
7,027 |
|
|
|
29,870 |
|
|
|
8,425 |
|
| Real Estate - Residential |
|
|
14,609 |
|
|
|
897 |
|
|
|
13,824 |
|
|
|
936 |
|
| Real Estate - Home Equity |
|
|
1,652 |
|
|
|
— |
|
|
|
1,587 |
|
|
|
— |
|
| Consumer |
|
|
534 |
|
|
|
— |
|
|
|
570 |
|
|
|
10 |
|
| Total TDRs |
|
$ |
53,108 |
|
|
$ |
8,318 |
|
|
$ |
47,474 |
|
|
$ |
9,879 |
|
|
| Loans classified as TDRs during the three months ended |
Loans classified as TDRs during the three months ended March 31, 2013 and 2012 are presented in the table below. The modifications made during the reporting period involved either an extension of the loan term or a principal moratorium and the financial impact of these modifications was not material.
| |
|
March 31, 2013 |
|
March 31, 2012 |
| (Dollars in Thousands) |
|
Number of Contracts |
|
Pre-Modified
Recorded
Investment |
|
Post-Modified
Recorded
Investment |
|
Number of Contracts |
|
Pre-Modified
Recorded
Investment |
|
Post-Modified
Recorded
Investment |
| Commercial, Financial and Agricultural |
|
|
2 |
|
|
$ |
26 |
|
|
$ |
78 |
|
|
|
4 |
|
|
$ |
656 |
|
|
$ |
660 |
|
| Real Estate - Construction |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Real Estate - Commercial Mortgage |
|
|
5 |
|
|
|
4,387 |
|
|
|
4,432 |
|
|
|
13 |
|
|
|
4,565 |
|
|
|
4,695 |
|
| Real Estate - Residential |
|
|
3 |
|
|
|
372 |
|
|
|
381 |
|
|
|
8 |
|
|
|
859 |
|
|
|
909 |
|
| Real Estate - Home Equity |
|
|
1 |
|
|
|
88 |
|
|
|
90 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Consumer |
|
|
1 |
|
|
|
35 |
|
|
|
33 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Total TDRs |
|
|
12 |
|
|
$ |
4,908 |
|
|
$ |
5,014 |
|
|
|
25 |
|
|
$ |
6,080 |
|
|
$ |
6,264 |
|
|
| Loans modified as TDRs within the previous 12 months and subsequently defaulted |
Loans modified as TDRs within the previous 12 months that have subsequently defaulted during the three months ended March 31, 2013 and 2012 are presented in the table below.
| |
|
Three Months Ended March 31, |
| |
|
2013 |
|
2012 |
| (Dollars in Thousands) |
|
Number of
Contracts |
|
Post-Modified
Recorded
Investment |
|
Number of
Contracts |
|
Post-Modified
Recorded
Investment |
| Commercial, Financial and Agricultural |
|
|
— |
|
|
$ |
— |
|
|
|
— |
|
|
$ |
— |
|
| Real Estate - Construction |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Real Estate - Commercial Mortgage |
|
|
2 |
|
|
|
227 |
|
|
|
3 |
|
|
|
1,562 |
|
| Real Estate - Residential |
|
|
2 |
|
|
|
77 |
|
|
|
7 |
|
|
|
1,038 |
|
| Real Estate - Home Equity |
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
157 |
|
| Consumer |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Total TDRs |
|
|
4 |
|
|
$ |
304 |
|
|
|
11 |
|
|
$ |
2,757 |
|
|