XML 50 R35.htm IDEA: XBRL DOCUMENT v3.10.0.1
Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Loans Evaluated for Impairment Individually and Collectively by Type

 

The following tables present the allowance for loan losses and the amount of loans evaluated for impairment, individually and collectively, by loan type as of the dates stated.

 

December 31, 2018

 

Mortgage

Loans

on Real Estate

 

 

Commercial

and

Industrial

 

 

Consumer

 

 

Total

 

Allowance for loan losses applicable to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for impairment

 

$

1,036

 

 

$

—

 

 

$

121

 

 

$

1,157

 

Loans collectively evaluated for impairment

 

 

3,931

 

 

 

1,374

 

 

 

1,440

 

 

 

6,745

 

Purchased credit-impaired loans

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total allowance on loan losses

 

$

4,967

 

 

$

1,374

 

 

$

1,561

 

 

$

7,902

 

Loan balances applicable to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for impairment

 

$

7,485

 

 

$

—

 

 

$

121

 

 

$

7,606

 

Loans collectively evaluated for impairment

 

 

701,235

 

 

 

164,608

 

 

 

23,573

 

 

 

889,416

 

Purchased credit-impaired loans

 

 

5,277

 

 

 

—

 

 

 

46

 

 

 

5,323

 

Total loans

 

$

713,997

 

 

$

164,608

 

 

$

23,740

 

 

$

902,345

 

 

December 31, 2017

 

Mortgage

Loans

on Real Estate

 

 

Commercial

and

Industrial

 

 

Consumer

 

 

Total

 

Allowance for loan losses applicable to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for impairment

 

$

861

 

 

$

92

 

 

$

141

 

 

$

1,094

 

Loans collectively evaluated for impairment

 

 

3,003

 

 

 

786

 

 

 

2,887

 

 

 

6,676

 

Purchased credit-impaired loans

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total allowance on loan losses

 

$

3,864

 

 

$

878

 

 

$

3,028

 

 

$

7,770

 

Loan balances applicable to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for impairment

 

$

8,874

 

 

$

92

 

 

$

141

 

 

$

9,107

 

Loans collectively evaluated for impairment

 

 

595,007

 

 

 

114,001

 

 

 

42,356

 

 

 

751,364

 

Purchased credit-impaired loans

 

 

5,756

 

 

 

—

 

 

 

69

 

 

 

5,825

 

Total loans

 

$

609,637

 

 

$

114,093

 

 

$

42,566

 

 

$

766,296

 

 
ALL by Loan Type

The following tables present an analysis of the change in the ALL by loan type as of and for the periods stated.

 

 

 

Mortgage

Loans on

Real Estate

 

 

Commercial

and

Industrial

 

 

Consumer

 

 

Total

 

For the Year Ended December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Balance

 

$

3,864

 

 

$

878

 

 

$

3,028

 

 

$

7,770

 

Charge-offs

 

 

(202

)

 

 

(116

)

 

 

(1,374

)

 

 

(1,692

)

Recoveries

 

 

110

 

 

 

1

 

 

 

362

 

 

 

473

 

Provision (recovery of)

 

 

1,195

 

 

 

611

 

 

 

(455

)

 

 

1,351

 

Ending Balance

 

$

4,967

 

 

$

1,374

 

 

$

1,561

 

 

$

7,902

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage

Loans on

Real Estate

 

 

Commercial

and

Industrial

 

 

Consumer

 

 

Total

 

For the Year Ended December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Balance

 

$

3,318

 

 

$

493

 

 

$

52

 

 

$

3,863

 

Charge-offs

 

 

(577

)

 

 

(729

)

 

 

(171

)

 

 

(1,477

)

Recoveries

 

 

91

 

 

 

263

 

 

 

96

 

 

 

450

 

Provision

 

 

1,032

 

 

 

851

 

 

 

3,051

 

 

 

4,934

 

Ending Balance

 

$

3,864

 

 

$

878

 

 

$

3,028

 

 

$

7,770

 

 
Company's Recorded Investment and Borrowers' Unpaid Principal Balances for Impaired Loans, Excluding PCI Loans, with Associated ALL Amount

The following table presents the Company’s recorded investment and the borrowers’ unpaid principal balances for impaired loans, excluding PCI loans, with the associated ALL amount, if applicable, as of the dates stated.

 

 

As of December 31, 2018

 

 

As of December 31, 2017

 

 

 

Recorded

Investment

 

 

Borrowers’ Unpaid

Principal Balance

 

 

Related

Allowance

 

 

Recorded

Investment

 

 

Borrowers’ Unpaid

Principal Balance

 

 

Related

Allowance

 

With no related allowance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction, land and land development

 

$

335

 

 

$

406

 

 

$

—

 

 

$

900

 

 

$

1,378

 

 

$

—

 

Commercial mortgages (non-owner occupied)

 

 

386

 

 

 

386

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Commercial mortgages (owner occupied)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,721

 

 

 

1,971

 

 

 

—

 

Residential first mortgages

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,488

 

 

 

—

 

Residential revolving and junior mortgages

 

 

1,028

 

 

 

1,028

 

 

 

—

 

 

 

1,488

 

 

 

414

 

 

 

—

 

Commercial and industrial

 

 

—

 

 

 

—

 

 

 

—

 

 

 

414

 

 

 

—

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total impaired loans with no related allowance

 

 

1,749

 

 

 

1,820

 

 

 

—

 

 

 

4,523

 

 

 

5,251

 

 

 

—

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction, land and land development

 

 

275

 

 

 

275

 

 

 

132

 

 

 

550

 

 

 

621

 

 

 

137

 

Commercial mortgages (non-owner occupied)

 

 

443

 

 

 

443

 

 

 

18

 

 

 

—

 

 

 

—

 

 

 

367

 

Commercial mortgages (owner occupied)

 

 

1,069

 

 

 

1,069

 

 

 

57

 

 

 

547

 

 

 

586

 

 

 

162

 

Residential first mortgages

 

 

3,447

 

 

 

3,447

 

 

 

565

 

 

 

1,914

 

 

 

1,914

 

 

 

—

 

Residential revolving and junior mortgages

 

 

502

 

 

 

5,002

 

 

 

264

 

 

 

1,340

 

 

 

1,340

 

 

 

195

 

Commercial and industrial

 

 

—

 

 

 

—

 

 

 

—

 

 

 

92

 

 

 

92

 

 

 

92

 

Consumer

 

 

121

 

 

 

121

 

 

 

121

 

 

 

141

 

 

 

141

 

 

 

141

 

Total impaired loans with allowance recorded

 

 

5,857

 

 

 

10,357

 

 

 

1,157

 

 

 

4,584

 

 

 

4,694

 

 

 

1,094

 

Total Impaired Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction, land and land development

 

 

610

 

 

 

681

 

 

 

132

 

 

 

1,450

 

 

 

1,999

 

 

 

137

 

Commercial mortgages (non-owner occupied)

 

 

443

 

 

 

443

 

 

 

18

 

 

 

—

 

 

 

—

 

 

 

367

 

Commercial mortgages (owner occupied)

 

 

1,455

 

 

 

1,455

 

 

 

57

 

 

 

2,268

 

 

 

2,557

 

 

 

162

 

Residential first mortgages

 

 

4,475

 

 

 

4,475

 

 

 

565

 

 

 

3,402

 

 

 

3,402

 

 

 

—

 

Residential revolving and junior mortgages

 

 

502

 

 

 

502

 

 

 

264

 

 

 

1,754

 

 

 

1,457

 

 

 

195

 

Commercial and industrial

 

 

—

 

 

 

—

 

 

 

—

 

 

 

92

 

 

 

92

 

 

 

92

 

Consumer

 

 

121

 

 

 

121

 

 

 

121

 

 

 

141

 

 

 

141

 

 

 

141

 

Total impaired loans

 

$

7,606

 

 

$

7,677

 

 

$

1,157

 

 

$

9,107

 

 

$

9,648

 

 

$

1,094

 

The following table presents the average recorded investment and interest income recognized for impaired loans, excluding PCI loans, for the periods presented.

 

 

 

For the Year Ended

 

 

 

December 31, 2018

 

 

December 31, 2017

 

 

 

Average

Recorded

Investment

 

 

Interest

Income

Recognized

 

 

Average

Recorded

Investment

 

 

Interest

Income

Recognized

 

With no related allowance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction, land and land development

 

$

382

 

 

$

13

 

 

$

1,282

 

 

$

66

 

Commercial mortgages (non-owner occupied)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Commercial mortgages (owner occupied)

 

 

394

 

 

 

24

 

 

 

1,800

 

 

 

32

 

Residential first mortgages

 

 

760

 

 

 

—

 

 

 

1,449

 

 

 

21

 

Residential revolving and junior mortgages

 

 

—

 

 

 

44

 

 

 

417

 

 

 

5

 

Commercial and industrial

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total impaired loans with no allowance

 

 

1,536

 

 

 

81

 

 

 

4,948

 

 

 

124

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction, land and land development

 

 

267

 

 

 

18

 

 

 

572

 

 

 

4

 

Commercial mortgages (non-owner occupied)

 

 

267

 

 

 

12

 

 

 

—

 

 

 

—

 

Commercial mortgages (owner occupied)

 

 

1,061

 

 

 

47

 

 

 

572

 

 

 

12

 

Residential first mortgages

 

 

3,037

 

 

 

150

 

 

 

1,932

 

 

 

93

 

Residential revolving and junior mortgages

 

 

149

 

 

 

6

 

 

 

1,360

 

 

 

44

 

Commercial and industrial

 

 

—

 

 

 

—

 

 

 

92

 

 

 

—

 

Consumer

 

 

133

 

 

 

11

 

 

 

28

 

 

 

6

 

Total impaired loans with allowance recorded

 

 

4,914

 

 

 

244

 

 

 

4,556

 

 

 

159

 

Total impaired loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction, land and land development

 

 

649

 

 

 

31

 

 

 

1,854

 

 

 

70

 

Commercial mortgages (non-owner occupied)

 

 

267

 

 

 

12

 

 

 

—

 

 

 

—

 

Commercial mortgages (owner occupied)

 

 

1,455

 

 

 

71

 

 

 

2,372

 

 

 

44

 

Residential first mortgages

 

 

3,797

 

 

 

194

 

 

 

3,381

 

 

 

114

 

Residential revolving and junior mortgages

 

 

149

 

 

 

6

 

 

 

1,777

 

 

 

49

 

Commercial and industrial

 

 

—

 

 

 

—

 

 

 

92

 

 

 

—

 

Consumer

 

 

133

 

 

 

11

 

 

 

28

 

 

 

6

 

Total impaired loans

 

$

6,450

 

 

$

325

 

 

$

9,504

 

 

$

283

 

 
Reconciliation of Nonaccrual Loans to Impaired Loans

The following table presents a reconciliation of nonaccrual loans to impaired loans as of the dates stated.

 

 

 

December 31,

2018

 

 

December 31,

2017

 

Nonaccrual loans

 

$

5,206

 

 

$

6,496

 

Nonaccrual loans collectively evaluated for impairment

 

 

(2,040

)

 

 

(854

)

Nonaccrual impaired loans

 

 

3,166

 

 

 

5,642

 

TDRs on accrual

 

 

4,115

 

 

 

1,452

 

Other impaired loans on accrual

 

 

325

 

 

 

2,013

 

Total impaired loans

 

$

7,606

 

 

$

9,107

 
Summary of Troubled Debt Restructurings

Loans modified as TDRs are considered impaired and are individually evaluated for impairment as part of the Company’s ALL process. The following table presents, by loan type, information related to loans modified as TDRs for the periods presented.

 

 

 

 

For the Year Ended

 

 

For the Year Ended

 

 

 

December 31, 2018

 

 

December 31, 2017

 

 

 

Number of

Loans

 

 

Pre-Modification

Outstanding

Recorded

Investment

 

 

Post-Modification

Outstanding

Recorded

Investment

 

 

Number of

Loans

 

 

Pre-Modification

Outstanding

Recorded

Investment

 

 

Post-Modification

Outstanding

Recorded

Investment

 

Residential first mortgages (1)

 

 

9

 

 

$

1,315

 

 

$

1,324

 

 

 

1

 

 

$

820

 

 

$

820

 

Commercial mortgages (owner occupied) (2)

 

 

1

 

 

 

644

 

 

 

672

 

 

 

-

 

 

 

-

 

 

 

-

 

Consumer (2)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1

 

 

 

147

 

 

 

147

 

 

(1)

Modifications include extension of the loan terms, reduction of interest rates, and/or principal and interest forgiveness.

(2) Modifications were an extension of the loan terms.
Summary of Roll Forward of Accruing and Nonaccrual TDRs

The following table presents a roll forward of accruing and nonaccrual TDRs for the year ended December 31, 2018.

 

 

 

Accruing

 

 

Nonaccrual

 

 

Total

 

Balance as of December 31, 2017

 

$

1,452

 

 

$

2,612

 

 

$

4,064

 

Charge-offs

 

 

—

 

 

 

(92

)

 

 

(92

)

Payments and other adjustments

 

 

(407

)

 

 

60

 

 

 

(347

)

New TDR designation

 

 

1,235

 

 

 

732

 

 

 

1,967

 

Release TDR designation

 

 

—

 

 

 

—

 

 

 

—

 

Transfer

 

 

1,835

 

 

 

(1,835

)

 

 

—

 

Balance as of December 31, 2018

 

$

4,115

 

 

$

1,477

 

 

$

5,592