ACQUIRED CREDIT IMPAIRED LOANS

12 Months Ended

Dec. 31, 2015

Acquired Credit Impaired Loans [Abstract]

ACQUIRED CREDIT IMPAIRED LOANS

ACQUIRED CREDIT IMPAIRED LOANS

The following table provides, as of December 31, the major classifications of loans acquired that are accounted for in accordance with FASB ASC 310-30 (in thousands):

	2015		2014
Commercial & industrial	$	1,191	1,092
Commercial, secured by real estate	7,877		12,984
Residential real estate	3,039		3,425
Consumer	27		81
Agricultural	48		101
Other loans, including deposit overdrafts	486		513
	12,668		18,196
Less allowance for loan losses	—		303
Loans, net	$	12,668	17,893

The following table provides the outstanding balance and related carrying amount for acquired impaired loans at December 31 (in thousands):

	2015		2014
Outstanding balance	$	16,507	26,697
Carrying amount	12,668		18,196

Activity during 2015 and 2014 for the accretable discount related to acquired impaired loans is as follows (in thousands):

	2015			2014
Accretable discount, beginning of year	$	2,674		1,107
Accretable discount acquired during period	413			2,163
Reclass from nonaccretable discount to accretable discount	983			177
Less disposals	(850		)	(249		)
Less accretion	(1,717		)	(524		)
Accretable discount, end of year	$	1,503		$	2,674