Quarterly report pursuant to Section 13 or 15(d)

LOANS, NET (Tables)

v3.8.0.1
LOANS, NET (Tables)
 9 Months Ended
Sep. 30, 2017
Receivables [Abstract]  
Schedule of composition of the loan portfolio
(Dollars in Thousands) September 30, 2017   December 31, 2016
Commercial, Financial and Agricultural $ 215,963   $ 216,404
Real Estate – Construction   67,813     58,443
Real Estate – Commercial Mortgage   527,331     503,978
Real Estate – Residential(1)   315,583     281,509
Real Estate – Home Equity   228,499     236,512
Consumer   275,149     264,443
Loans, Net of Unearned Income $ 1,630,338   $ 1,561,289
Schedule of recorded investment in nonaccrual loans and loans past due over 90 days and still on accrual by class of loans
September 30, 2017   December 31, 2016
(Dollars in Thousands) Nonaccrual   90 + Days Nonaccrual 90 + Days
Commercial, Financial and Agricultural $ 41 $ - $ 468 $ -
Real Estate – Construction   362 - 311 -
Real Estate – Commercial Mortgage   2,425 - 3,410 -
Real Estate – Residential   2,350 - 2,330 -
Real Estate – Home Equity   1,108 - 1,774 -
Consumer   272 - 240 -
Total Nonaccrual Loans $ 6,558 $ - $ 8,533 $ -
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, 2017
Commercial, Financial and Agricultural $ 249 $ 584 $ - $ 833 $ 215,089 $ 215,963
Real Estate – Construction   - 5 - 5 67,446 67,813
Real Estate – Commercial Mortgage   1,277 168 - 1,445 523,461 527,331
Real Estate – Residential   374 754 - 1,128 312,105 315,583
Real Estate – Home Equity   455 1 - 456 226,935 228,499
Consumer   1,266 554 - 1,820 273,057 275,149
Total Past Due Loans $ 3,621 $ 2,066 $ - $ 5,687 $ 1,618,093 $ 1,630,338
December 31, 2016
Commercial, Financial and Agricultural $ 209 $ 48 $ - $ 257 $ 215,679 $ 216,404
Real Estate – Construction   949 282 - 1,231 56,901 58,443
Real Estate – Commercial Mortgage   835 1 - 836 499,732 503,978
Real Estate – Residential   1,199 490 - 1,689 277,490 281,509
Real Estate – Home Equity   577 51 - 628 234,110 236,512
Consumer   1,516 281 - 1,797 262,406 264,443
Total Past Due Loans $ 5,285 $ 1,153 $ - $ 6,438 $ 1,546,318 $ 1,561,289
(1) Total Loans include nonaccrual loans
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, 2017
Beginning Balance $ 1,095 $ 114 $ 3,825 $ 3,384 $ 2,524 $ 2,300 $ 13,242
Provision for Loan Losses 208 (26) 286 (32) (103) 157 490
Charge-Offs (276) - (94) (125) (50) (455) (1,000)
Recoveries 79 50 69 60 84 265 607
Net Charge-Offs (197) 50 (25) (65) 34 (190) (393)
Ending Balance $ 1,106 $ 138 $ 4,086 $ 3,287 $ 2,455 $ 2,267 $ 13,339
Nine Months Ended
September 30, 2017
Beginning Balance $ 1,198 $ 168 $ 4,315 $ 3,445 $ 2,297 $ 2,008 $ 13,431
Provision for Loan Losses 401 (80) 264 (348) 148 1,004 1,389
Charge-Offs (693) - (643) (285) (142) (1,616) (3,379)
Recoveries 200 50 150 475 152 871 1,898
Net Charge-Offs (493) 50 (493) 190 10 (745) (1,481)
Ending Balance $ 1,106 $ 138 $ 4,086 $ 3,287 $ 2,455 $ 2,267 $ 13,339
Three Months Ended
September 30, 2016
Beginning Balance $ 1,048 $ 126 $ 4,389 $ 3,835 $ 2,391 $ 1,888 $ 13,677
Provision for Loan Losses 163 (3) 224 (324) (307) 247 -
Charge-Offs (143) - (5) (96) (51) (479) (774)
Recoveries 199 - 45 139 237 221 841
Net Charge-Offs 56 - 40 43 186 (258) 67
Ending Balance $ 1,267 $ 123 $ 4,653 $ 3,554 $ 2,270 $ 1,877 $ 13,744
Nine Months Ended
September 30, 2016
Beginning Balance $ 905 $ 101 $ 4,498 $ 4,409 $ 2,473 $ 1,567 $ 13,953
Provision for Loan Losses 559 22 71 (1,030) (168) 901 355
Charge-Offs (484) - (279) (779) (412) (1,356) (3,310)
Recoveries 287 - 363 954 377 765 2,746
Net Charge-Offs (197) - 84 175 (35) (591) (564)
Ending Balance $ 1,267 $ 123 $ 4,653 $ 3,554 $ 2,270 $ 1,877 $ 13,744
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, 2017
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 88 $ 24 $ 1,846 $ 1,196 $ 454 $ 3 $ 3,611
Loans Collectively
Evaluated for Impairment 1,018 114 2,240 2,091 2,001 2,264 9,728
Ending Balance $ 1,106 $ 138 $ 4,086 $ 3,287 $ 2,455 $ 2,267 $ 13,339
December 31, 2016
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 80 $ - $ 2,038 $ 1,561 $ 335 $ 6 $ 4,020
Loans Collectively
Evaluated for Impairment 1,118 168 2,277 1,884 1,962 2,002 9,411
Ending Balance $ 1,198 $ 168 $ 4,315 $ 3,445 $ 2,297 $ 2,008 $ 13,431
September 30, 2016
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 132 $ - $ 2,124 $ 1,669 $ 276 $ 7 $ 4,208
Loans Collectively
Evaluated for Impairment 1,135 123 2,529 1,885 1,994 1,870 9,536
Ending Balance $ 1,267 $ 123 $ 4,653 $ 3,554 $ 2,270 $ 1,877 $ 13,744
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, 2017
Individually Evaluated for
Impairment $ 847 $ 363 $ 20,716 $ 13,258 $ 2,915 $ 132 $ 38,231
Collectively Evaluated for
Impairment 215,116 67,450 506,615 302,325 225,584 275,017 1,592,107
Total $ 215,963 $ 67,813 $ 527,331 $ 315,583 $ 228,499 $ 275,149 $ 1,630,338
December 31, 2016
Individually Evaluated for
Impairment $ 1,042 $ 247 $ 23,855 $ 15,596 $ 3,375 $ 174 $ 44,289
Collectively Evaluated for
Impairment 215,362 58,196 480,123 265,913 233,137 264,269 1,517,000
Total $ 216,404 $ 58,443 $ 503,978 $ 281,509 $ 236,512 $ 264,443 $ 1,561,289
September 30, 2016
Individually Evaluated for
Impairment $ 949 $ - $ 20,794 $ 16,457 $ 2,776 $ 186 $ 41,162
Collectively Evaluated for
Impairment 222,329 54,107 476,981 270,611 232,657 259,665 1,516,350
Total $ 223,278 $ 54,107 $ 497,775 $ 287,068 $ 235,433 $ 259,851 $ 1,557,512
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, 2017
Commercial, Financial and Agricultural $ 847 $ 122 $ 725 $ 88
Real Estate – Construction 363 298 65 24
Real Estate – Commercial Mortgage 20,716 2,141 18,575 1,846
Real Estate – Residential 13,258 1,962 11,296 1,196
Real Estate – Home Equity 2,915 902 2,013 454
Consumer 132 58 74 3
Total $ 38,231 $ 5,483 $ 32,748 $ 3,611
December 31, 2016
Commercial, Financial and Agricultural $ 1,042 $ 565 $ 477 $ 80
Real Estate – Construction 247 - 247 -
Real Estate – Commercial Mortgage 23,855 8,954 14,901 2,038
Real Estate – Residential 15,596 2,509 13,087 1,561
Real Estate – Home Equity 3,375 1,871 1,504 335
Consumer 174 65 109 6
Total $ 44,289 $ 13,964 $ 30,325 $ 4,020
Schedule of Average recorded investment and interest income recognized by class of impaired loans
Three Months Ended September 30, Nine Months Ended September 30,
  2017   2016   2017 2016
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 $ 963 $ 12 $ 871 $ 12   $ 1,051 $ 35 $ 847 $ 37
Real Estate – Construction   363 -   - -     334 2   24 -
Real Estate – Commercial Mortgage 21,109 219 20,692 203 22,283 662 20,757 658
Real Estate – Residential   14,068 162   17,091 197     14,608 516   17,743 602
Real Estate – Home Equity   3,114 28   2,824 29     3,280 81   3,001 84
Consumer   136 2   196 2     148 6   215 7
Total $ 39,753 $ 423 $ 41,674 $ 443   $ 41,704 $ 1,302 $ 42,587 $ 1,388
Schedule of risk category of loans by segment
Commercial,
Financial, Total Criticized
(Dollars in Thousands) Agriculture Real Estate Consumer Loans
September 30, 2017
Special Mention $ 9,277 $ 16,105 $ 317 $ 25,699
Substandard   1,322   34,367   856   36,545
Doubtful   -   -   -   -
Total Criticized Loans $ 10,599 $ 50,472 $ 1,173 $ 62,244
December 31, 2016
Special Mention $ 3,300 $ 23,183 $ 216 $ 26,699
Substandard   1,158   39,800   549   41,507
Doubtful   -   -   -   -
Total Criticized Loans $ 4,458 $ 62,983 $ 765 $ 68,206
Schedule of troubled debt restructurings loans
September 30, 2017 December 31, 2016
(Dollars in Thousands) Accruing Nonaccruing Accruing   Nonaccruing
Commercial, Financial and Agricultural $ 826 $ 21 $ 772 $ 40
Real Estate – Construction - 65   - -
Real Estate – Commercial Mortgage 18,460 1,061   20,673 1,259
Real Estate – Residential 11,494 991   13,969 444
Real Estate – Home Equity 2,515 187   2,647 -
Consumer 132 -   172 -
Total TDRs $ 33,427 $ 2,325 $ 38,233 $ 1,743
Schedule of loans classified as TDRs
  Three Months Ended September 30,   Nine Months Ended September 30,
2017 2017
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 $ 32 $ 22   1   $ 32   $ 22
Real Estate – Construction - - -   1     64     65
Real Estate – Commercial Mortgage 1 160 70   1     160     70
Real Estate – Residential 1 101 102   2     316     283
Real Estate – Home Equity 3 149 147   4     205     203
Consumer - - -   -     -     -
Total TDRs 6 $ 442  $ 341   9   $ 777   $ 643
  Three Months Ended September 30,   Nine Months Ended September 30,
2016 2016
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     332     332
Real Estate – Residential - - -   6     589     590
Real Estate – Home Equity 1 17 17   5     205     206
Consumer - - -   -     -     -
Total TDRs 1 $ 17  $ 17   12   $ 1,126   $ 1,128
Schedule of loans modified as TDRs within the previous 12 months and subsequently defaulted
  Three Months Ended September 30,   Nine Months Ended September 30,
2017 2017
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 - -   -     -
Real Estate – Residential - -   -     -
Real Estate – Home Equity - -   -     -
Consumer - -   -     -
Total TDRs - $ -   -   $ -

  Three Months Ended September 30,   Nine Months Ended September 30,
2016 2016
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 - -   -     -  
Real Estate – Residential - -   1     98  
Real Estate – Home Equity - -   1     3  
Consumer - -   1     35  
Total TDRs - $ -   3   $ 136  
Schedule of loans modified as TDRs information
  Three Months Ended September 30,   Nine Months Ended September 30,
2017 2017
Number of Recorded Number of Recorded
(Dollars in Thousands) Contracts Investment(1) Contracts Investment(1)
Extended amortization 1 $ 70   1   $ 70
Interest rate adjustment - -   3     302
Extended amortization and interest rate adjustment 4 249   4     249
Other 1 22   1     22
Total TDRs 6 $ 341   9   $ 643

  Three Months Ended September 30,   Nine Months Ended September 30,
2016 2016
Number of Recorded Number of Recorded
(Dollars in Thousands) Contracts Investment(1) Contracts Investment(1)
Extended amortization 1 $ 17   2   $ 107
Interest rate adjustment - -   -     -
Extended amortization and interest rate adjustment - -   10     1,021
Total TDRs 1 $ 17   12   $ 1,128