LOANS, NET (Tables)
|
9 Months Ended |
Sep. 30, 2015 |
|---|
| Loans Net Tables |
|
| Schedule of composition of the loan portfolio |
Loan
Portfolio Composition. The composition of the loan portfolio was as follows:
| (Dollars
in Thousands) |
|
September
30, 2015 |
|
December
31, 2014 |
| Commercial, Financial and
Agricultural |
|
$ |
169,588 |
|
|
$ |
136,925 |
|
| Real Estate Construction |
|
|
49,475 |
|
|
|
41,596 |
|
| Real Estate Commercial Mortgage |
|
|
491,734 |
|
|
|
510,120 |
|
| Real Estate Residential(1)
|
|
|
290,784 |
|
|
|
295,969 |
|
| Real Estate Home Equity |
|
|
232,254 |
|
|
|
229,572 |
|
| Consumer(2) |
|
|
241,348 |
|
|
|
217,192 |
|
| Loans,
Net of Unearned Income |
|
$ |
1,475,183 |
|
|
$ |
1,431,374 |
|
|
(1) |
Includes
loans in process with outstanding balances of $10.4 million and $7.4 million as of September
30, 2015 and December 31, 2014, respectively. |
|
(2) |
Includes
overdraft balances of $2.5 million and $2.4 million as of September 30, 2015 and December
31, 2014, respectively. |
|
| Schedule of 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.
| |
|
September
30, 2015 |
|
December
31, 2014 |
| (Dollars
in Thousands) |
|
Nonaccrual |
|
90
+ Days |
|
Nonaccrual |
|
90
+ Days |
| Commercial, Financial and
Agricultural |
|
$ |
60 |
|
|
$ |
|
|
|
$ |
507 |
|
|
$ |
|
|
| Real Estate Construction |
|
|
491 |
|
|
|
|
|
|
|
424 |
|
|
|
|
|
| Real Estate Commercial Mortgage |
|
|
5,844 |
|
|
|
|
|
|
|
5,806 |
|
|
|
|
|
| Real Estate Residential |
|
|
4,973 |
|
|
|
|
|
|
|
6,737 |
|
|
|
|
|
| Real Estate Home Equity |
|
|
1,679 |
|
|
|
|
|
|
|
2,544 |
|
|
|
|
|
| Consumer |
|
|
91 |
|
|
|
|
|
|
|
751 |
|
|
|
|
|
| Total |
|
$ |
13,138 |
|
|
$ |
|
|
|
$ |
16,769 |
|
|
$ |
|
|
|
| Schedule of aging of 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
|
| September 30, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial, Financial and
Agricultural |
|
$ |
281 |
|
|
$ |
3 |
|
|
$ |
|
|
|
$ |
284 |
|
|
$ |
169,244 |
|
|
$ |
169,588 |
|
| Real Estate Construction |
|
|
|
|
|
|
545 |
|
|
|
|
|
|
|
545 |
|
|
|
48,439 |
|
|
|
49,475 |
|
| Real Estate Commercial Mortgage |
|
|
123 |
|
|
|
113 |
|
|
|
|
|
|
|
236 |
|
|
|
485,654 |
|
|
|
491,734 |
|
| Real Estate Residential |
|
|
682 |
|
|
|
1,022 |
|
|
|
|
|
|
|
1,704 |
|
|
|
284,107 |
|
|
|
290,784 |
|
| Real Estate Home Equity |
|
|
397 |
|
|
|
56 |
|
|
|
|
|
|
|
453 |
|
|
|
230,122 |
|
|
|
232,254 |
|
| Consumer |
|
|
883 |
|
|
|
230 |
|
|
|
|
|
|
|
1,113 |
|
|
|
240,144 |
|
|
|
241,348 |
|
| Total |
|
$ |
2,366 |
|
|
$ |
1,969 |
|
|
$ |
|
|
|
$ |
4,335 |
|
|
$ |
1,457,710 |
|
|
$ |
1,475,183 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial, Financial and Agricultural |
|
$ |
352 |
|
|
$ |
155 |
|
|
$ |
|
|
|
$ |
507 |
|
|
$ |
135,911 |
|
|
$ |
136,925 |
|
| Real Estate Construction |
|
|
690 |
|
|
|
|
|
|
|
|
|
|
|
690 |
|
|
|
40,482 |
|
|
|
41,596 |
|
| Real Estate Commercial Mortgage |
|
|
1,701 |
|
|
|
569 |
|
|
|
|
|
|
|
2,270 |
|
|
|
502,044 |
|
|
|
510,120 |
|
| Real Estate Residential |
|
|
682 |
|
|
|
1,147 |
|
|
|
|
|
|
|
1,829 |
|
|
|
287,403 |
|
|
|
295,969 |
|
| Real Estate Home Equity |
|
|
689 |
|
|
|
85 |
|
|
|
|
|
|
|
774 |
|
|
|
226,254 |
|
|
|
229,572 |
|
| Consumer |
|
|
625 |
|
|
|
97 |
|
|
|
|
|
|
|
722 |
|
|
|
215,719 |
|
|
|
217,192 |
|
| Total |
|
$ |
4,739 |
|
|
$ |
2,053 |
|
|
$ |
|
|
|
$ |
6,792 |
|
|
$ |
1,407,813 |
|
|
$ |
1,431,374
|
|
|
| Schedule of activity in the allowance for loan losses by portfolio class |
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
|
|
Total
|
| Three Months Ended September 30, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning Balance |
|
$ |
917 |
|
|
$ |
360 |
|
|
$ |
4,275 |
|
|
$ |
5,654 |
|
|
$ |
2,536 |
|
|
$ |
1,494 |
|
|
$ |
15,236 |
|
| Provision for Loan
Losses |
|
|
183 |
|
|
|
(64 |
) |
|
|
333 |
|
|
|
(545 |
) |
|
|
273 |
|
|
|
233 |
|
|
|
413 |
|
| Charge-Offs |
|
|
(365 |
) |
|
|
|
|
|
|
26 |
|
|
|
(476 |
) |
|
|
(370 |
) |
|
|
(318 |
) |
|
|
(1,503 |
) |
| Recoveries |
|
|
45 |
|
|
|
|
|
|
|
86 |
|
|
|
193 |
|
|
|
42 |
|
|
|
225 |
|
|
|
591 |
|
| Net Charge-Offs |
|
|
(320 |
) |
|
|
|
|
|
|
112 |
|
|
|
(283 |
) |
|
|
(328 |
) |
|
|
(93 |
) |
|
|
(912 |
) |
| Ending Balance |
|
$ |
780 |
|
|
$ |
296 |
|
|
$ |
4,720 |
|
|
$ |
4,826 |
|
|
$ |
2,481 |
|
|
$ |
1,634 |
|
|
$ |
14,737 |
|
Nine
Months Ended September 30, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning Balance |
|
$ |
784 |
|
|
$ |
843 |
|
|
$ |
5,287 |
|
|
$ |
6,520 |
|
|
$ |
2,882 |
|
|
$ |
1,223 |
|
|
$ |
17,539 |
|
| Provision for Loan
Losses |
|
|
708 |
|
|
|
(547 |
) |
|
|
426 |
|
|
|
(870 |
) |
|
|
506 |
|
|
|
858 |
|
|
|
1,081 |
|
| Charge-Offs |
|
|
(894 |
) |
|
|
|
|
|
|
(1,163 |
) |
|
|
(1,265 |
) |
|
|
(1,006 |
) |
|
|
(1,245 |
) |
|
|
(5,573 |
) |
| Recoveries |
|
|
182 |
|
|
|
|
|
|
|
170 |
|
|
|
441 |
|
|
|
99 |
|
|
|
798 |
|
|
|
1,690 |
|
| Net Charge-Offs |
|
|
(712 |
) |
|
|
|
|
|
|
(993 |
) |
|
|
(824 |
) |
|
|
(907 |
) |
|
|
(447 |
) |
|
|
(3,883 |
) |
| Ending Balance |
|
$ |
780 |
|
|
$ |
296 |
|
|
$ |
4,720 |
|
|
$ |
4,826 |
|
|
$ |
2,481 |
|
|
$ |
1,634 |
|
|
$ |
14,737 |
|
| Three Months Ended September 30, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning Balance |
|
$ |
706 |
|
|
$ |
1,267 |
|
|
$ |
6,147 |
|
|
$ |
8,214 |
|
|
$ |
3,066 |
|
|
$ |
1,143 |
|
|
$ |
20,543 |
|
| Provision for Loan
Losses |
|
|
387 |
|
|
|
(280 |
) |
|
|
386 |
|
|
|
(505 |
) |
|
|
331 |
|
|
|
105 |
|
|
|
424 |
|
| Charge-Offs |
|
|
(86 |
) |
|
|
|
|
|
|
(1,208 |
) |
|
|
(212 |
) |
|
|
(621 |
) |
|
|
(386 |
) |
|
|
(2,513 |
) |
| Recoveries |
|
|
28 |
|
|
|
2 |
|
|
|
213 |
|
|
|
93 |
|
|
|
37 |
|
|
|
266 |
|
|
|
639 |
|
| Net Charge-Offs |
|
|
(58 |
) |
|
|
2 |
|
|
|
(995 |
) |
|
|
(119 |
) |
|
|
(584 |
) |
|
|
(120 |
) |
|
|
(1,874 |
) |
| Ending Balance |
|
$ |
1,035 |
|
|
$ |
989 |
|
|
$ |
5,538 |
|
|
$ |
7,590 |
|
|
$ |
2,813 |
|
|
$ |
1,128 |
|
|
$ |
19,093 |
|
Nine
Months Ended September 30, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning Balance |
|
$ |
699 |
|
|
$ |
1,580 |
|
|
$ |
7,710 |
|
|
$ |
9,073 |
|
|
$ |
3,051 |
|
|
$ |
982 |
|
|
$ |
23,095 |
|
| Provision for Loan
Losses |
|
|
371 |
|
|
|
(598 |
) |
|
|
267 |
|
|
|
(385 |
) |
|
|
1,048 |
|
|
|
579 |
|
|
|
1,282 |
|
| Charge-Offs |
|
|
(183 |
) |
|
|
|
|
|
|
(2,831 |
) |
|
|
(1,638 |
) |
|
|
(1,399 |
) |
|
|
(1,212 |
) |
|
|
(7,263 |
) |
| Recoveries |
|
|
148 |
|
|
|
7 |
|
|
|
392 |
|
|
|
540 |
|
|
|
113 |
|
|
|
779 |
|
|
|
1,979 |
|
| Net Charge-Offs |
|
|
(35 |
) |
|
|
7 |
|
|
|
(2,439 |
) |
|
|
(1,098 |
) |
|
|
(1,286 |
) |
|
|
(433 |
) |
|
|
(5,284 |
) |
| Ending Balance |
|
$ |
1,035 |
|
|
$ |
989 |
|
|
$ |
5,538 |
|
|
$ |
7,590 |
|
|
$ |
2,813 |
|
|
$ |
1,128 |
|
|
$ |
19,093
|
|
|
| Schedule of allowance for loan losses by portfolio class and disaggregated on the basis of the impairment methodology |
The following
table details the amount of the allowance for loan losses by portfolio class disaggregated on the basis of the Companys
impairment methodology.
| (Dollars
in Thousands) |
|
Commercial,
Financial,
Agricultural |
|
Real Estate
Construction |
|
Real Estate
Commercial
Mortgage |
|
Real Estate
Residential |
|
Real Estate
Home Equity |
|
Consumer |
|
Total |
| September 30, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Period-end amount Allocated to: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans
Individually Evaluated for Impairment |
|
$ |
81 |
|
|
$ |
|
|
|
$ |
2,001 |
|
|
$ |
2,004 |
|
|
$ |
365 |
|
|
$ |
4 |
|
|
$ |
4,455 |
|
| Loans
Collectively Evaluated for Impairment |
|
|
699 |
|
|
|
296 |
|
|
|
2,719 |
|
|
|
2,822 |
|
|
|
2,116 |
|
|
|
1,630 |
|
|
|
10,282 |
|
| Ending Balance |
|
$ |
780 |
|
|
$ |
296 |
|
|
$ |
4,720 |
|
|
$ |
4,826 |
|
|
$ |
2,481 |
|
|
$ |
1,634 |
|
|
$ |
14,737 |
|
| December 31, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Period-end amount Allocated to: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans Individually
Evaluated for Impairment |
|
$ |
293 |
|
|
$ |
|
|
|
$ |
2,733 |
|
|
$ |
2,113 |
|
|
$ |
638 |
|
|
$ |
5 |
|
|
$ |
5,782 |
|
| Loans
Collectively Evaluated for Impairment |
|
|
491 |
|
|
|
843 |
|
|
|
2,554 |
|
|
|
4,407 |
|
|
|
2,244 |
|
|
|
1,218 |
|
|
|
11,757 |
|
| Ending Balance |
|
$ |
784 |
|
|
$ |
843 |
|
|
$ |
5,287 |
|
|
$ |
6,520 |
|
|
$ |
2,882 |
|
|
$ |
1,223 |
|
|
$ |
17,539 |
|
| September 30, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Period-end amount Allocated to: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans Individually
Evaluated for Impairment |
|
$ |
576 |
|
|
$ |
94 |
|
|
$ |
3,359 |
|
|
$ |
2,526 |
|
|
$ |
471 |
|
|
$ |
12 |
|
|
$ |
7,038 |
|
| Loans
Collectively Evaluated for Impairment |
|
|
459 |
|
|
|
895 |
|
|
|
2,179 |
|
|
|
5,064 |
|
|
|
2,342 |
|
|
|
1,116 |
|
|
|
12,055 |
|
| Ending Balance |
|
$ |
1,035 |
|
|
$ |
989 |
|
|
$ |
5,538 |
|
|
$ |
7,590 |
|
|
$ |
2,813 |
|
|
$ |
1,128 |
|
|
$ |
19,093
|
|
|
| Schedule of allowance for loan losses by portfolio class |
The Companys
recorded investment in loans related to each balance in the allowance for loan losses by portfolio class and disaggregated on
the basis of the Companys 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
|
|
Total
|
| September 30, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Individually Evaluated for
Impairment |
|
$ |
813 |
|
|
$ |
468 |
|
|
$ |
24,170 |
|
|
$ |
18,079 |
|
|
$ |
2,702 |
|
|
$ |
161 |
|
|
$ |
46,393 |
|
| Collectively Evaluated
for Impairment |
|
|
168,775 |
|
|
|
49,007 |
|
|
|
467,564 |
|
|
|
272,705 |
|
|
|
229,552 |
|
|
|
241,187 |
|
|
|
1,428,790 |
|
| Total |
|
$ |
169,588 |
|
|
$ |
49,475 |
|
|
$ |
491,734 |
|
|
$ |
290,784 |
|
|
$ |
232,254 |
|
|
$ |
241,348 |
|
|
$ |
1,475,183 |
|
| December 31, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Individually Evaluated for Impairment |
|
$ |
1,040 |
|
|
$ |
401 |
|
|
$ |
32,242 |
|
|
$ |
20,120 |
|
|
$ |
3,074 |
|
|
$ |
216 |
|
|
$ |
57,093 |
|
| Collectively Evaluated
for Impairment |
|
|
135,885 |
|
|
|
41,195 |
|
|
|
477,878 |
|
|
|
275,849 |
|
|
|
226,498 |
|
|
|
216,976 |
|
|
|
1,374,281 |
|
| Total |
|
$ |
136,925 |
|
|
$ |
41,596 |
|
|
$ |
510,120 |
|
|
$ |
295,969 |
|
|
$ |
229,572 |
|
|
$ |
217,192 |
|
|
$ |
1,431,374 |
|
| September 30, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Individually Evaluated for Impairment |
|
$ |
1,489 |
|
|
$ |
835 |
|
|
$ |
37,524 |
|
|
$ |
22,087 |
|
|
$ |
2,796 |
|
|
$ |
271 |
|
|
$ |
65,002 |
|
| Collectively Evaluated
for Impairment |
|
|
132,267 |
|
|
|
37,286 |
|
|
|
464,339 |
|
|
|
286,208 |
|
|
|
226,172 |
|
|
|
203,101 |
|
|
|
1,349,373 |
|
| Total |
|
$ |
133,756 |
|
|
$ |
38,121 |
|
|
$ |
501,863 |
|
|
$ |
308,295 |
|
|
$ |
228,968 |
|
|
$ |
203,372 |
|
|
$ |
1,414,375
|
|
|
| Schedule of 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
|
| September 30, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial, Financial and
Agricultural |
|
$ |
813 |
|
|
$ |
286 |
|
|
$ |
527 |
|
|
$ |
81 |
|
| Real Estate Construction |
|
|
468 |
|
|
|
311 |
|
|
|
157 |
|
|
|
|
|
| Real Estate Commercial Mortgage |
|
|
24,170 |
|
|
|
5,727 |
|
|
|
18,443 |
|
|
|
2,001 |
|
| Real Estate Residential |
|
|
18,079 |
|
|
|
2,933 |
|
|
|
15,146 |
|
|
|
2,004 |
|
| Real Estate Home Equity |
|
|
2,702 |
|
|
|
733 |
|
|
|
1,969 |
|
|
|
365 |
|
| Consumer |
|
|
161 |
|
|
|
61 |
|
|
|
100 |
|
|
|
4 |
|
| Total |
|
$ |
46,393 |
|
|
$ |
10,051 |
|
|
$ |
36,342 |
|
|
$ |
4,455 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial, Financial and Agricultural |
|
$ |
1,040 |
|
|
$ |
189 |
|
|
$ |
851 |
|
|
$ |
293 |
|
| Real Estate Construction |
|
|
401 |
|
|
|
401 |
|
|
|
|
|
|
|
|
|
| Real Estate Commercial Mortgage |
|
|
32,242 |
|
|
|
11,984 |
|
|
|
20,258 |
|
|
|
2,733 |
|
| Real Estate Residential |
|
|
20,120 |
|
|
|
5,492 |
|
|
|
14,628 |
|
|
|
2,113 |
|
| Real Estate Home Equity |
|
|
3,074 |
|
|
|
758 |
|
|
|
2,316 |
|
|
|
638 |
|
| Consumer |
|
|
216 |
|
|
|
3 |
|
|
|
213 |
|
|
|
5 |
|
| Total |
|
$ |
57,093 |
|
|
$ |
18,827 |
|
|
$ |
38,266 |
|
|
$ |
5,782
|
|
|
| Schedule of 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.
| |
|
Three
Months Ended September 30, |
|
Nine
Months Ended September 30, |
| |
|
2015 |
|
2014 |
|
2015 |
|
2014
|
| (Dollars
in Thousands) |
|
Average
Recorded Investment |
|
Total
Interest Income |
|
Average
Recorded Investment |
|
Total
Interest Income |
|
Average
Recorded Investment |
|
Total
Interest Income |
|
Average
Recorded Investment |
|
Total
Interest Income |
| Commercial, Financial and
Agricultural |
|
$ |
942 |
|
|
$ |
12 |
|
|
$ |
1,433 |
|
|
$ |
15 |
|
|
$ |
1,044 |
|
|
$ |
34 |
|
|
$ |
1,482 |
|
|
$ |
50 |
|
| Real Estate - Construction |
|
|
389 |
|
|
|
|
|
|
|
828 |
|
|
|
1 |
|
|
|
395 |
|
|
|
|
|
|
|
738 |
|
|
|
4 |
|
| Real Estate - Commercial Mortgage |
|
|
26,959 |
|
|
|
250 |
|
|
|
39,020 |
|
|
|
381 |
|
|
|
29,343 |
|
|
|
821 |
|
|
|
42,671 |
|
|
|
1,298 |
|
| Real Estate - Residential |
|
|
18,499 |
|
|
|
215 |
|
|
|
22,180 |
|
|
|
284 |
|
|
|
19,239 |
|
|
|
626 |
|
|
|
21,610 |
|
|
|
800 |
|
| Real Estate - Home Equity |
|
|
2,831 |
|
|
|
20 |
|
|
|
2,680 |
|
|
|
18 |
|
|
|
2,965 |
|
|
|
64 |
|
|
|
2,906 |
|
|
|
52 |
|
| Consumer |
|
|
166 |
|
|
|
2 |
|
|
|
293 |
|
|
|
2 |
|
|
|
186 |
|
|
|
6 |
|
|
|
314 |
|
|
|
7 |
|
| Total |
|
$ |
49,786 |
|
|
$ |
499 |
|
|
$ |
66,434 |
|
|
$ |
701 |
|
|
$ |
53,172 |
|
|
$ |
1,551 |
|
|
$ |
69,721 |
|
|
$ |
2,211 |
|
|
| Schedule of 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
Criticized Loans |
| September 30, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Special Mention |
|
$ |
8,121 |
|
|
$ |
36,078 |
|
|
$ |
159 |
|
|
$ |
44,358 |
|
| Substandard |
|
|
1,200 |
|
|
|
59,659 |
|
|
|
552 |
|
|
|
61,411 |
|
| Doubtful |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Criticized
Loans |
|
$ |
9,321 |
|
|
$ |
95,737 |
|
|
$ |
711 |
|
|
$ |
105,769 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Special Mention |
|
$ |
8,059 |
|
|
$ |
51,060 |
|
|
$ |
114 |
|
|
$ |
59,233 |
|
| Substandard |
|
|
2,817 |
|
|
|
79,167 |
|
|
|
1,153 |
|
|
|
83,137 |
|
| Doubtful |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Criticized
Loans |
|
$ |
10,876 |
|
|
$ |
130,227 |
|
|
$ |
1,267 |
|
|
$ |
142,370
|
|
|
| Schedule of troubled debt restructurings loans |
The following
table presents loans classified as TDRs.
| |
|
September
30, 2015 |
|
December
31, 2014 |
| (Dollars
in Thousands) |
|
Accruing |
|
Nonaccruing |
|
Accruing |
|
Nonaccruing |
| Commercial, Financial and
Agricultural |
|
$ |
876 |
|
|
$ |
|
|
|
$ |
838 |
|
|
$ |
266 |
|
| Real Estate Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Real Estate Commercial Mortgage |
|
|
18,526 |
|
|
|
737 |
|
|
|
26,565 |
|
|
|
1,591 |
|
| Real Estate Residential |
|
|
14,400 |
|
|
|
1,682 |
|
|
|
14,940 |
|
|
|
2,532 |
|
| Real Estate Home Equity |
|
|
2,000 |
|
|
|
8 |
|
|
|
1,856 |
|
|
|
356 |
|
| Consumer |
|
|
159 |
|
|
|
|
|
|
|
211 |
|
|
|
|
|
| Total TDRs |
|
$ |
35,961 |
|
|
$ |
2,427 |
|
|
$ |
44,410 |
|
|
$ |
4,745
|
|
|
| Schedule of loans classified as TDRs |
Loans
classified as TDRs during the periods indicated are presented in the table below.
| |
|
Three
Months Ended September 30, |
|
Nine
Months Ended September 30, |
| |
|
2015 |
|
2015 |
| (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 |
|
|
|
|
|
$ |
|
|
|
$ |
|
|
|
|
|
|
|
$ |
|
|
|
$ |
|
|
| Real Estate - Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Real Estate - Commercial Mortgage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2 |
|
|
|
515 |
|
|
|
515 |
|
| Real Estate - Residential |
|
|
1 |
|
|
|
49 |
|
|
|
49 |
|
|
|
6 |
|
|
|
717 |
|
|
|
690 |
|
| Real Estate - Home Equity |
|
|
1 |
|
|
|
50 |
|
|
|
50 |
|
|
|
1 |
|
|
|
50 |
|
|
|
49 |
|
| Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total TDRs |
|
|
2 |
|
|
$ |
99 |
|
|
$ |
99 |
|
|
|
9 |
|
|
$ |
1,282 |
|
|
$ |
1,254 |
|
| |
|
Three
Months Ended September 30, |
|
Nine
Months Ended September 30, |
| |
|
2014 |
|
2014 |
| (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 |
|
|
|
|
|
$ |
|
|
|
$ |
|
|
|
|
1 |
|
|
$ |
51 |
|
|
$ |
54 |
|
| Real Estate Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Real Estate - Commercial Mortgage |
|
|
1 |
|
|
|
303 |
|
|
|
1,125 |
|
|
|
3 |
|
|
|
947 |
|
|
|
1,769 |
|
| Real Estate Residential |
|
|
2 |
|
|
|
201 |
|
|
|
182 |
|
|
|
8 |
|
|
|
1,308 |
|
|
|
1,390 |
|
| Real Estate - Home Equity |
|
|
5 |
|
|
|
453 |
|
|
|
438 |
|
|
|
8 |
|
|
|
701 |
|
|
|
686 |
|
| Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
|
|
|
34 |
|
|
|
33 |
|
| Total TDRs |
|
|
8 |
|
|
$ |
957 |
|
|
$ |
1,745 |
|
|
|
21 |
|
|
$ |
3,041 |
|
|
$ |
3,932
|
|
|
| Schedule of loans modified as TDRs within the previous 12 months and subsequently defaulted |
For the
three and nine months ended September 30, 2014, loans modified as TDRs within the previous 12 months that have subsequently defaulted
during the periods indicated are presented in the table below.
| |
|
Three
Months Ended September 30, |
|
Nine
Months Ended September 30, |
| |
|
2014 |
|
2014 |
| (Dollars
in Thousands) |
|
Number
of
Contracts |
|
Post-Modified Recorded Investment(1)
|
|
Number
of
Contracts |
|
Post-Modified Recorded Investment(1)
|
| Commercial, Financial and Agricultural |
|
|
|
|
|
$ |
|
|
|
|
|
|
|
$ |
|
|
| Real Estate Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Real Estate - Commercial Mortgage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Real Estate Residential |
|
|
3 |
|
|
|
334 |
|
|
|
4 |
|
|
|
451 |
|
| Real Estate - Home Equity |
|
|
|
|
|
|
|
|
|
|
1 |
|
|
|
153 |
|
| Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total TDRs |
|
|
3 |
|
|
$ |
334 |
|
|
|
5 |
|
|
$ |
604 |
|
|
(1) |
Recorded
investment reflects charge-offs and additional funds advanced at time of restructure,
if applicable. |
|
| Schedule of loans modified as TDRs information |
The following
table provides information on how TDRs were modified during the periods indicated.
| |
|
Three
Months Ended September 30, |
|
Nine
Months Ended September 30, |
| |
|
2015 |
|
2015 |
| (Dollars
in Thousands) |
|
Number
of Contracts |
|
Recorded
Investment(1) |
|
Number
of Contracts |
|
Recorded
Investment(1) |
| Extended amortization |
|
|
1 |
|
|
$ |
49 |
|
|
|
2 |
|
|
$ |
167 |
|
| Interest rate adjustment |
|
|
|
|
|
|
|
|
|
|
1 |
|
|
|
156 |
|
| Extended amortization
and interest rate adjustment |
|
|
1 |
|
|
|
50 |
|
|
|
6 |
|
|
|
931 |
|
| Total TDRs |
|
|
2 |
|
|
$ |
99 |
|
|
|
9 |
|
|
$ |
1,254 |
|
| |
|
Three
Months Ended September 30, |
|
Nine
Months Ended September 30, |
| |
|
2014 |
|
2014 |
| (Dollars
in Thousands) |
|
Number
of Contracts |
|
Recorded
Investment(1) |
|
Number
of Contracts |
|
Recorded
Investment(1) |
| Extended amortization |
|
|
2 |
|
|
$ |
158 |
|
|
|
8 |
|
|
$ |
1,736 |
|
| Interest rate adjustment |
|
|
|
|
|
|
|
|
|
|
1 |
|
|
|
156 |
|
| Extended amortization and interest rate
adjustment |
|
|
2 |
|
|
|
231 |
|
|
|
5 |
|
|
|
488 |
|
| Other |
|
|
4 |
|
|
|
1,356 |
|
|
|
7 |
|
|
|
1,552 |
|
| Total TDRs |
|
|
8 |
|
|
$ |
1,745 |
|
|
|
21 |
|
|
$ |
3,932 |
|
(1)
Recorded investment reflects charge-offs and additional funds advanced at time of restructure, if applicable.
|