Quarterly report pursuant to Section 13 or 15(d)

LOANS, NET (Tables)

v3.10.0.1
LOANS, NET (Tables)
 6 Months Ended
Jun. 30, 2018
Receivables [Abstract]  
Schedule of composition of the loan portfolio
(Dollars in Thousands) June 30, 2018   December 31, 2017
Commercial, Financial and Agricultural $ 222,406   $ 218,166
Real Estate – Construction   88,169     77,966
Real Estate – Commercial Mortgage   575,993     535,707
Real Estate – Residential(1)   331,944     311,906
Real Estate – Home Equity   218,851     229,513
Consumer(2)   287,112     280,234
Loans, Net of Unearned Income $ 1,724,475   $ 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
June 30, 2018   December 31, 2017
(Dollars in Thousands) Nonaccrual   90 + Days Nonaccrual 90 + Days
Commercial, Financial and Agricultural $ 455 $ - $ 629 $ -
Real Estate – Construction   609 - 297 -
Real Estate – Commercial Mortgage   2,181 - 2,370 -
Real Estate – Residential   1,543 - 1,938 -
Real Estate – Home Equity   910 - 1,748 -
Consumer   43 - 177 36
Total Nonaccrual Loans $ 5,741 $ - $ 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)
June 30, 2018
Commercial, Financial and Agricultural $ 204 $ 113 $ - $ 317 $ 221,634 $ 222,406
Real Estate – Construction   62 - - 62 87,498 88,169
Real Estate – Commercial Mortgage   483 189 - 672 573,140 575,993
Real Estate – Residential   495 391 - 886 329,515 331,944
Real Estate – Home Equity   255 - - 255 217,686 218,851
Consumer   1,009 271 - 1,280 285,789 287,112
Total Past Due Loans $ 2,508 $ 964 $ - $ 3,472 $ 1,715,262 $ 1,724,475
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
June 30, 2018
Beginning Balance $ 1,131 $ 244 $ 4,053 $ 3,363 $ 2,319 $ 2,148 $ 13,258
Provision for Loan Losses 137 39 364 (107) 110 272 815
Charge-Offs (141) - - (456) (157) (509) (1,263)
Recoveries 87 - 15 346 22 283 753
Net Charge-Offs (54) - 15 (110) (135) (226) (510)
Ending Balance $ 1,214 $ 283 $ 4,432 $ 3,146 $ 2,294 $ 2,194 $ 13,563
Six Months Ended
June 30, 2018
Beginning Balance $ 1,191 $ 122 $ 4,346 $ 3,206 $ 2,506 $ 1,936 $ 13,307
Provision for Loan Losses 93 167 238 73 20 969 1,560
Charge-Offs (323) (7) (290) (563) (315) (1,204) (2,702)
Recoveries 253 1 138 430 83 493 1,398
Net Charge-Offs (70) (6) (152) (133) (232) (711) (1,304)
Ending Balance $ 1,214 $ 283 $ 4,432 $ 3,146 $ 2,294 $ 2,194 $ 13,563
Three Months Ended
June 30, 2017
Beginning Balance $ 1,150 $ 100 $ 4,080 $ 3,376 $ 2,522 $ 2,107 $ 13,335
Provision for Loan Losses 229 14 165 (150) (37) 368 589
Charge-Offs (324) - (478) (44) - (537) (1,383)
Recoveries 40 - 58 202 39 362 701
Net Charge-Offs (284) - (420) 158 39 (175) (682)
Ending Balance $ 1,095 $ 114 $ 3,825 $ 3,384 $ 2,524 $ 2,300 $ 13,242
Six Months Ended
June 30, 2017
Beginning Balance $ 1,198 $ 168 $ 4,315 $ 3,445 $ 2,297 $ 2,008 $ 13,431
Provision for Loan Losses 193 (54) (22) (316) 251 847 899
Charge-Offs (417) - (549) (160) (92) (1,161) (2,379)
Recoveries 121 - 81 415 68 606 1,291
Net Charge-Offs (296) - (468) 255 (24) (555) (1,088)
Ending Balance $ 1,095 $ 114 $ 3,825 $ 3,384 $ 2,524 $ 2,300 $ 13,242
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
June 30, 2018
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 195 $ 113 $ 1,735 $ 1,030 $ 365 $ 1 $ 3,439
Loans Collectively
Evaluated for Impairment 1,019 170 2,697 2,116 1,929 2,193 10,124
Ending Balance $ 1,214 $ 283 $ 4,432 $ 3,146 $ 2,294 $ 2,194 $ 13,563
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
June 30, 2017
Period-end amount
Allocated to:
Loans Individually
Evaluated for Impairment $ 82 $ 4 $ 1,685 $ 1,405 $ 408 $ 3 $ 3,587
Loans Collectively
Evaluated for Impairment 1,013 110 2,140 1,979 2,116 2,297 9,655
Ending Balance $ 1,095 $ 114 $ 3,825 $ 3,384 $ 2,524 $ 2,300 $ 13,242
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
June 30, 2018
Individually Evaluated for
Impairment $ 1,093 $ 671 $ 18,368 $ 11,416 $ 2,589 $ 95 $ 34,232
Collectively Evaluated for
Impairment 221,313 87,498 557,625 320,528 216,262 287,017 1,690,243
Total $ 222,406 $ 88,169 $ 575,993 $ 331,944 $ 218,851 $ 287,112 $ 1,724,475
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
June 30, 2017
Individually Evaluated for
Impairment $ 1,078 $ 363 $ 21,502 $ 14,879 $ 3,314 $ 140 $ 41,276
Collectively Evaluated for
Impairment 212,466 66,968 497,638 304,250 227,681 270,917 1,579,920
Total $ 213,544 $ 67,331 $ 519,140 $ 319,129 $ 230,995 $ 271,057 $ 1,621,196
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
June 30, 2018
Commercial, Financial and Agricultural $ 1,093 $ 110 $ 983 $ 195
Real Estate – Construction 671 - 671 113
Real Estate – Commercial Mortgage 18,368 2,023 16,345 1,735
Real Estate – Residential 11,416 1,813 9,603 1,030
Real Estate – Home Equity 2,589 977 1,612 365
Consumer 95 39 56 1
Total $ 34,232 $ 4,962 $ 29,270 $ 3,439
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 June 30, Six Months Ended June 30,
  2018   2017   2018 2017
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 $ 1,188 $ 22 $ 1,158 $ 11   $ 1,251 $ 50 $ 1,119 $ 23
Real Estate – Construction   671 1   363 1     568 1   324 2
Real Estate – Commercial Mortgage 18,406 168 22,281 220 18,697 344 22,806 443
Real Estate – Residential   12,310 136   14,789 174     12,497 284   15,058 353
Real Estate – Home Equity   2,894 24   3,414 27     3,040 51   3,401 54
Consumer   102 2   142 2     106 4   153 4
Total $ 35,571 $ 353 $ 42,147 $ 435   $ 36,159 $ 734 $ 42,861 $ 879
Schedule of risk category of loans by segment
Commercial,
Financial, Total Criticized
(Dollars in Thousands) Agriculture Real Estate Consumer Loans
June 30, 2018
Special Mention $ 5,143 $ 12,187 $ 59 $ 17,389
Substandard   1,089   28,124   370   29,583
Doubtful   -   -   -   -
Total Criticized Loans $ 6,232 $ 40,311 $ 429 $ 46,972
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
June 30, 2018 December 31, 2017
(Dollars in Thousands) Accruing Nonaccruing Accruing   Nonaccruing
Commercial, Financial and Agricultural $ 666 $ 224 $ 822 $ -
Real Estate – Construction 62 -   64 -
Real Estate – Commercial Mortgage 16,282 1,250   17,058 1,636
Real Estate – Residential 10,571 631   11,666 503
Real Estate – Home Equity 2,305 99   2,441 186
Consumer 95 -   113 -
Total TDRs $ 29,981 $ 2,204 $ 32,164 $ 2,325
Schedule of loans classified as TDRs
  Three Months Ended June 30,   Six Months Ended June 30,
2018 2018
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   $ 498   $ 230
Real Estate – Construction - - -   -     -     -
Real Estate – Commercial Mortgage - - -   1     227     227
Real Estate – Residential 1 33 33   1     33     33
Real Estate – Home Equity 1 27 27   1     27     27
Consumer - - -   -     -     -
Total TDRs 2 $ 60  $ 60   4   $ 785   $ 517
  Three Months Ended June 30,   Six Months Ended June 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 - $ - $ -   -   $ -   $ -
Real Estate – Construction - - -   1     64     65
Real Estate – Commercial Mortgage - - -   -     -     -
Real Estate – Residential 1 215 182   1     215     182
Real Estate – Home Equity - - -   1     56     55
Consumer - - -   -     -     -
Total TDRs 1 $ 215  $ 182   3   $ 335   $ 302
Schedule of loans modified as TDRs within the previous 12 months and subsequently defaulted
  Three Months Ended June 30,   Six Months Ended June 30,
2018 2018
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 1 64   1     64
Real Estate – Residential - -   -     -
Real Estate – Home Equity - -   -     -
Consumer - -   -     -
Total TDRs 1 $ 64   1   $ 64

  Three Months Ended June 30,   Six Months Ended June 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 - -   -     -  
Schedule of loans modified as TDRs information
  Three Months Ended June 30,   Six Months Ended June 30,
2018 2018
Number of Recorded Number of Recorded
(Dollars in Thousands) Contracts Investment(1) Contracts Investment(1)
Extended amortization - $ -   1   $ 227
Interest rate adjustment 1 33   1     33
Extended amortization and interest rate adjustment 1 27   1     27
Principal moratorium - -   1     230
Total TDRs 2 $ 60   4   $ 517

  Three Months Ended June 30,   Six Months Ended June 30,
2017 2017
Number of Recorded Number of Recorded
(Dollars in Thousands) Contracts Investment(1) Contracts Investment(1)
Extended amortization - $ -   -   $ -
Interest rate adjustment 1 182   3     302
Extended amortization and interest rate adjustment - -   -     -
Total TDRs 1 $ 182   3   $ 302