Quarterly report pursuant to Section 13 or 15(d)

LOANS, NET (Tables)

v3.8.0.1
LOANS, NET (Tables)
 3 Months Ended
Mar. 31, 2018
Receivables [Abstract]  
Schedule of composition of the loan portfolio
(Dollars in Thousands) March 31, 2018   December 31, 2017
Commercial, Financial and Agricultural $ 198,775   $ 218,166
Real Estate – Construction   80,236     77,966
Real Estate – Commercial Mortgage   551,309     535,707
Real Estate – Residential(1)   322,038     311,906
Real Estate – Home Equity   223,994     229,513
Consumer(2)   285,543     280,234
Loans, Net of Unearned Income $ 1,661,895   $ 1,653,492
Schedule of recorded investment in nonaccrual loans and loans past due over 90 days and still on accrual by class of loans
March 31, 2018   December 31, 2017
(Dollars in Thousands) Nonaccrual   90 + Days Nonaccrual 90 + Days
Commercial, Financial and Agricultural $ 567 $ - $ 629 $ -
Real Estate – Construction   608 - 297 -
Real Estate – Commercial Mortgage   1,940 - 2,370 -
Real Estate – Residential   2,398 - 1,938 -
Real Estate – Home Equity   1,686 - 1,748 -
Consumer   115 - 177 36
Total Nonaccrual Loans $ 7,314 $ - $ 7,159 $ 36
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)
March 31, 2018
Commercial, Financial and Agricultural $ 125 $ 149 $ - $ 274 $ 197,934 $ 198,775
Real Estate – Construction   162 - - 162 79,466 80,236
Real Estate – Commercial Mortgage   360 917 - 1,277 548,092 551,309
Real Estate – Residential   1,252 33 - 1,285 318,355 322,038
Real Estate – Home Equity   234 1 - 235 222,073 223,994
Consumer   690 345 - 1,035 284,393 285,543
Total Past Due Loans $ 2,823 $ 1,445 $ - $ 4,268 $ 1,650,313 $ 1,661,895
December 31, 2017
Commercial, Financial and Agricultural $ 87 $ 55 $ - $ 142 $ 217,395 $ 218,166
Real Estate – Construction   811 - - 811 76,858 77,966
Real Estate – Commercial Mortgage   437 195 - 632 532,705 535,707
Real Estate – Residential   701 446 - 1,147 308,821 311,906
Real Estate – Home Equity   80 2 - 82 227,683 229,513
Consumer   1,316 413 36 1,765 278,292 280,234
Total Past Due Loans $ 3,432 $ 1,111 $ 36 $ 4,579 $ 1,641,754 $ 1,653,492
(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
March 31, 2018
Beginning Balance $ 1,191 $ 122 $ 4,346 $ 3,206 $ 2,506 $ 1,936 $ 13,307
Provision for Loan Losses (44) 128 (126) 180 (90) 697 745
Charge-Offs (182) (7) (290) (107) (158) (695) (1,439)
Recoveries 166 1 123 84 61 210 645
Net Charge-Offs (16) (6) (167) (23) (97) (485) (794)
Ending Balance $ 1,131 $ 244 $ 4,053 $ 3,363 $ 2,319 $ 2,148 $ 13,258
Three Months Ended
March 31, 2017
Beginning Balance $ 1,198 $ 168 $ 4,315 $ 3,445 $ 2,297 $ 2,008 $ 13,431
Provision for Loan Losses (36) (68) (187) (166) 288 479 310
Charge-Offs (93) - (71) (116) (92) (624) (996)
Recoveries 81 - 23 213 29 244 590
Net Charge-Offs (12) - (48) 97 (63) (380) (406)
Ending Balance $ 1,150 $ 100 $ 4,080 $ 3,376 $ 2,522 $ 2,107 $ 13,335
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
March 31, 2018
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 182 $ 114 $ 1,779 $ 1,412 $ 389 $ 1 $ 3,877
Loans Collectively
Evaluated for Impairment 949 130 2,274 1,951 1,930 2,147 9,381
Ending Balance $ 1,131 $ 244 $ 4,053 $ 3,363 $ 2,319 $ 2,148 $ 13,258
December 31, 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
March 31, 2017
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 94 $ 2 $ 2,027 $ 1,486 $ 445 $ 4 $ 4,058
Loans Collectively
Evaluated for Impairment 1,056 98 2,053 1,890 2,077 2,103 9,277
Ending Balance $ 1,150 $ 100 $ 4,080 $ 3,376 $ 2,522 $ 2,107 $ 13,335
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
March 31, 2018
Individually Evaluated for
Impairment $ 1,283 $ 671 $ 18,445 $ 13,204 $ 3,198 $ 109 $ 36,910
Collectively Evaluated for
Impairment 197,492 79,565 532,864 308,834 220,796 285,434 1,624,985
Total $ 198,775 $ 80,236 $ 551,309 $ 322,038 $ 223,994 $ 285,543 $ 1,661,895
December 31, 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
March 31, 2017
Individually Evaluated for
Impairment $ 1,238 $ 362 $ 23,061 $ 14,699 $ 3,514 $ 145 $ 43,019
Collectively Evaluated for
Impairment 213,357 59,576 480,807 290,293 227,786 270,121 1,541,940
Total $ 214,595 $ 59,938 $ 503,868 $ 304,992 $ 231,300 $ 270,266 $ 1,584,959
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
March 31, 2018
Commercial, Financial and Agricultural $ 1,283 $ 114 $ 1,169 $ 182
Real Estate – Construction 671 - 671 114
Real Estate – Commercial Mortgage 18,445 1,389 17,056 1,779
Real Estate – Residential 13,204 1,773 11,431 1,412
Real Estate – Home Equity 3,198 1,419 1,779 389
Consumer 109 42 67 1
Total $ 36,910 $ 4,737 $ 32,173 $ 3,877
December 31, 2017
Commercial, Financial and Agricultural $ 1,378 $ 118 $ 1,260 $ 215
Real Estate – Construction 361 297 64 1
Real Estate – Commercial Mortgage 19,280 1,763 17,517 2,165
Real Estate – Residential 12,871 1,516 11,355 1,220
Real Estate – Home Equity 3,332 1,157 2,175 515
Consumer 113 45 68 1
Total $ 37,335 $ 4,896 $ 32,439 $ 4,117
Schedule of Average recorded investment and interest income recognized by class of impaired loans
Three Months Ended March 31,
  2018   2017
Average Total Average Total
Recorded Interest Recorded Interest
 (Dollars in Thousands) Investment Income Investment Income
Commercial, Financial and Agricultural $ 1,330 $ 29 $ 1,140 $ 12
Real Estate – Construction   517 1   305 -
Real Estate – Commercial Mortgage 18,862 175 23,458 223
Real Estate – Residential   13,038 148   15,147 180
Real Estate – Home Equity   3,265 26   3,445 27
Consumer   111 2   159 2
Total $ 37,123 $ 381 $ 43,654 $ 444
Schedule of risk category of loans by segment
Commercial,
Financial, Total Criticized
(Dollars in Thousands) Agriculture Real Estate Consumer Loans
March 31, 2018
Special Mention $ 3,937 $ 12,779 $ 62 $ 16,778
Substandard   1,050   30,173   486   31,709
Doubtful   -   -   -   -
Total Criticized Loans $ 4,987 $ 42,952 $ 548 $ 48,487
December 31, 2017
Special Mention $ 7,879 $ 13,324 $ 65 $ 21,268
Substandard   1,057   29,291   654   31,002
Doubtful   -   -   -   -
Total Criticized Loans $ 8,936 $ 42,615 $ 719 $ 52,270
Schedule of troubled debt restructurings loans
March 31, 2018 December 31, 2017
(Dollars in Thousands) Accruing Nonaccruing Accruing   Nonaccruing
Commercial, Financial and Agricultural $ 802 $ 230 $ 822 $ -
Real Estate – Construction 63 -   64 -
Real Estate – Commercial Mortgage 16,712 1,351   17,058 1,636
Real Estate – Residential 11,451 548   11,666 503
Real Estate – Home Equity 2,336 102   2,441 186
Consumer 108 -   113 -
Total TDRs $ 31,472 $ 2,231 $ 32,164 $ 2,325
Schedule of loans classified as TDRs
  Three Months Ended March 31,   Three Months Ended March 31,
2018 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 $ 497 $ 230   -   $ -   $ -
Real Estate – Construction - - -   1     64     65
Real Estate – Commercial Mortgage 1 228 228   -     -     -
Real Estate – Home Equity - - -   1     56     55
Consumer - - -   -     -     -
Total TDRs 2 $ 725  $ 458   2   $ 120   $ 120
Schedule of loans modified as TDRs information
  Three Months Ended March 31,   Three Months Ended March 31,
2018 2017
Number of Recorded Number of Recorded
(Dollars in Thousands) Contracts Investment(1) Contracts Investment(1)
Extended amortization 1 $ 228   -   $ -
Interest rate adjustment - -   2     120
Extended amortization and interest rate adjustment - -   -     -
Principal Moratorium 1 230   -     -
Other - -   -     -
Total TDRs 2 $ 458   2   $ 120