XML 84 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
Loans and Allowance (Tables)
 3 Months Ended
Mar. 31, 2014
Loans and Allowance [Abstract]  
Schedule of Classes of Loans

Classes of loans at March 31, 2014 and December 31, 2013  include:    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

2014

 

2013

Real estate

 

 

 

 

 

Commercial

$
197,327 

 

$
200,817 

Commercial construction and development

 
16,304 

 

 
13,321 

Consumer closed end first mortgage

 
524,220 

 

 
531,272 

Consumer open end and junior liens

 
68,917 

 

 
69,354 

 

 
806,768 

 

 
814,764 

Other loans

 

 

 

 

 

Consumer loans

 

 

 

 

 

Auto

 
14,476 

 

 
14,856 

Boat/RVs

 
81,826 

 

 
79,419 

Other

 
5,404 

 

 
5,766 

Commercial and industrial

 
77,776 

 

 
75,402 

 

 
179,482 

 

 
175,443 

Total loans

 
986,250 

 

 
990,207 

Undisbursed loans in process

 
(10,974)

 

 
(13,346)

Unamortized deferred loan costs, net

 
2,573 

 

 
2,517 

Allowance for loan losses

 
(13,370)

 

 
(13,412)

Net loans

$
964,479 

 

$
965,966 

 

Non-Accrual Loans Segregated by Class of Loans

Nonaccrual loans, segregated by class of loans, as of March 31, 2014 and December 31, 2013 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

2014

 

2013

Real estate

 

 

 

 

 

Commercial

$
1,085 

 

$
1,349 

Commercial construction and development

 
1,003 

 

 
1,103 

Consumer closed end first mortgage

 
3,743 

 

 
4,057 

Consumer open end and junior liens

 
325 

 

 
421 

Consumer loans

 

 

 

 

 

Auto

 
9 

 

 
10 

Boat/RVs

 
302 

 

 
339 

Other

 
22 

 

 
12 

Commercial and industrial

 
1,157 

 

 
1,109 

 

$
7,646 

 

$
8,400 

 

Age Analysis of Past Due Loans Segregated by Class of Loans

An age analysis of the Company’s past due loans, segregated by class of loans, as of March 31, 2014 and December 31, 2013 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2014

 

 

30-59 Days Past Due

 

 

60-89 Days Past Due

 

 

Greater Than 90Days

 

 

Total Past Due

 

 

Current

 

 

Total Loans Receivable

 

 

Total Loans 90 Days and Accruing

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
3,874 

 

$

 -

 

$
828 

 

$
4,702 

 

$
192,625 

 

$
197,327 

 

$

 -

Commercial construction and development

 

 -

 

 

 -

 

 
813 

 

 
813 

 

 
15,491 

 

 
16,304 

 

 

 -

Consumer closed end first mortgage

 
7,064 

 

 
1,272 

 

 
3,230 

 

 
11,566 

 

 
512,654 

 

 
524,220 

 

 
206 

Consumer open end and junior liens

 
298 

 

 
70 

 

 
308 

 

 
676 

 

 
68,241 

 

 
68,917 

 

 

 -

Consumer loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auto

 
4 

 

 
1 

 

 
9 

 

 
14 

 

 
14,462 

 

 
14,476 

 

 

 -

Boat/RVs

 
979 

 

 
164 

 

 
255 

 

 
1,398 

 

 
80,428 

 

 
81,826 

 

 

 -

Other

 
55 

 

 
4 

 

 
10 

 

 
69 

 

 
5,335 

 

 
5,404 

 

 

 -

Commercial and industrial

 
1,314 

 

 

 -

 

 
591 

 

 
1,905 

 

 
75,871 

 

 
77,776 

 

 

 -

 

$
13,588 

 

$
1,511 

 

$
6,044 

 

$
21,143 

 

$
965,107 

 

$
986,250 

 

$
206 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

30-59 Days Past Due

 

 

60-89 Days Past Due

 

 

Greater Than 90Days

 

 

Total Past Due

 

 

Current

 

 

Total Loans Receivable

 

 

Total Loans 90 Days and Accruing

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
763 

 

$
196 

 

$
1,196 

 

$
2,155 

 

$
198,662 

 

$
200,817 

 

$

 -

Commercial construction and development

 
333 

 

 

 -

 

 
915 

 

 
1,248 

 

 
12,073 

 

 
13,321 

 

 

 -

Consumer closed end first mortgage

 
11,680 

 

 
2,122 

 

 
3,515 

 

 
17,317 

 

 
513,955 

 

 
531,272 

 

 
175 

Consumer open end and junior liens

 
609 

 

 
185 

 

 
394 

 

 
1,188 

 

 
68,166 

 

 
69,354 

 

 

 -

Consumer loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auto

 
54 

 

 
8 

 

 
9 

 

 
71 

 

 
14,785 

 

 
14,856 

 

 

 -

Boat/RVs

 
1,410 

 

 
262 

 

 
202 

 

 
1,874 

 

 
77,545 

 

 
79,419 

 

 
13 

Other

 
61 

 

 
3 

 

 

 -

 

 
64 

 

 
5,702 

 

 
5,766 

 

 

 -

Commercial and industrial

 
67 

 

 
393 

 

 
531 

 

 
991 

 

 
74,411 

 

 
75,402 

 

 

 -

 

$
14,977 

 

$
3,169 

 

$
6,762 

 

$
24,908 

 

$
965,299 

 

$
990,207 

 

$
188 

 

Impaired Loans

The following tables present impaired loans for the three months ended March 31, 2014 and 2013 and the year ended December 31, 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2014

 

Recorded Balance

 

Unpaid Principal Balance

 

Specific Allowance

 

Average Investment in Impaired Loans

 

Interest Income Recognized

Loans without a specific valuation allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
2,952 

 

$
2,952 

 

$

 -

 

$
3,050 

 

$
32 

Commercial construction and development

 
1,230 

 

 
3,154 

 

 

 -

 

 
1,262 

 

 
8 

Consumer closed end first mortgage

 
856 

 

 
856 

 

 

 -

 

 
1,045 

 

 
2 

Consumer open end and junior liens

 
250 

 

 
250 

 

 

 -

 

 
250 

 

 
1 

Commercial and industrial

 
736 

 

 
736 

 

 

 -

 

 
750 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans with a specific valuation allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial construction and development

 
344 

 

 
371 

 

 
165 

 

 
344 

 

 

 -

Commercial and industrial

 
424 

 

 
624 

 

 
170 

 

 
424 

 

 
5 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
2,952 

 

$
2,952 

 

$

 -

 

$
3,050 

 

$
32 

Commercial construction and development

$
1,574 

 

$
3,525 

 

$
165 

 

$
1,606 

 

$
8 

Consumer closed end first mortgage

$
856 

 

$
856 

 

$

 -

 

$
1,045 

 

$
2 

Consumer open end and junior liens

$
250 

 

$
250 

 

$

 -

 

$
250 

 

$
1 

Commercial and industrial

$
1,160 

 

$
1,360 

 

$
170 

 

$
1,174 

 

$
5 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

Recorded Balance

 

Unpaid Principal Balance

 

Specific Allowance

 

Average Investment in Impaired Loans

 

Interest Income Recognized

Loans without a specific valuation allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
3,148 

 

$
3,660 

 

$

 -

 

$
3,894 

 

$
160 

Commercial construction and development

 
1,294 

 

 
3,218 

 

 

 -

 

 
5,386 

 

 
46 

Consumer closed end first mortgage

 
1,483 

 

 
2,071 

 

 

 -

 

 
2,582 

 

 
33 

Commercial and industrial

 
764 

 

 
764 

 

 

 -

 

 
897 

 

 
2 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans with a specific valuation allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial construction and development

 
344 

 

 
371 

 

 
100 

 

 
344 

 

 

 -

Commercial and industrial

 
424 

 

 
624 

 

 
235 

 

 
566 

 

 
20 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
3,148 

 

$
3,660 

 

$

 -

 

$
3,894 

 

$
160 

Commercial construction and development

$
1,638 

 

$
3,589 

 

$
100 

 

$
5,730 

 

$
46 

Consumer closed end first mortgage

$
1,483 

 

$
2,071 

 

$

 -

 

$
2,582 

 

$
33 

Commercial and industrial

$
1,188 

 

$
1,388 

 

$
235 

 

$
1,463 

 

$
22 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2013

 

Recorded Balance

 

Unpaid Principal Balance

 

Specific Allowance

 

Average Investment in Impaired Loans

 

Interest Income Recognized

Loans without a specific valuation allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
3,992 

 

$
5,056 

 

$

 -

 

$
4,136 

 

$
41 

Commercial construction and development

 
2,667 

 

 
4,842 

 

 

 -

 

 
2,804 

 

 
8 

Consumer closed end first mortgage

 
2,341 

 

 
3,280 

 

 

 -

 

 
2,463 

 

 
13 

Commercial and industrial

 
936 

 

 
936 

 

 

 -

 

 
954 

 

 
3 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans with a specific valuation allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Commercial

 
208 

 

 
208 

 

 
100 

 

 
208 

 

 
3 

Commercial construction and development

 
5,265 

 

 
7,879 

 

 
1,159 

 

 
5,297 

 

 
6 

Consumer closed end first mortgage

 
833 

 

 
833 

 

 
57 

 

 
833 

 

 
9 

Commercial and industrial

 
634 

 

 
634 

 

 
380 

 

 
773 

 

 
6 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
4,200 

 

$
5,264 

 

$
100 

 

$
4,344 

 

$
44 

Commercial construction and development

$
7,932 

 

$
12,721 

 

$
1,159 

 

$
8,101 

 

$
14 

Consumer closed end first mortgage

$
3,174 

 

$
4,113 

 

$
57 

 

$
3,296 

 

$
22 

Commercial and industrial

$
1,570 

 

$
1,570 

 

$
380 

 

$
1,727 

 

$
9 

 

Commercial and Retail Credit Exposure Credit Risk Profile by Internal Rating

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2014

 

 

 

 

 

 

Commercial Credit Exposure Credit Risk Profile

 

 

 

 

 

 

Internal Rating

 

Real Estate

 

 

Construction and Development

 

Commercial and Industrial

 

 

 

 

 

 

Pass

 

$
186,797 

 

$
13,005 

 

 
76,082 

 

 

 

 

 

 

Special Mention

 

 
3,335 

 

 
1,653 

 

 
212 

 

 

 

 

 

 

Substandard

 

 
7,195 

 

 
1,646 

 

 
974 

 

 

 

 

 

 

Doubtful

 

 

 -

 

 

 -

 

 
508 

 

 

 

 

 

 

Total

 

$
197,327 

 

$
16,304 

 

$
77,776 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail Credit Exposure Credit Risk Profile

Internal Rating

 

Closed End First Mortgage

 

Real Estate Open End and Junior Liens

 

Auto

 

Boat/RV

 

Other

Pass

 

$
515,339 

 

$
68,033 

 

$
14,466 

 

 
81,273 

 

$
5,344 

Special Mention

 

 
1,762 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Substandard

 

 
7,119 

 

 
884 

 

 
10 

 

 
553 

 

 
60 

Total

 

$
524,220 

 

$
68,917 

 

$
14,476 

 

$
81,826 

 

$
5,404 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

 

 

 

 

Commercial Credit Exposure Credit Risk Profile

 

 

 

 

 

 

Internal Rating

 

Real Estate

 

 

Construction and Development

 

Commercial and Industrial

 

 

 

 

 

 

Pass

 

$
190,041 

 

$
9,910 

 

$
73,648 

 

 

 

 

 

 

Special Mention

 

 
3,308 

 

 
1,659 

 

 
223 

 

 

 

 

 

 

Substandard

 

 
7,468 

 

 
1,752 

 

 
1,000 

 

 

 

 

 

 

Doubtful

 

 

 -

 

 

 -

 

 
531 

 

 

 

 

 

 

Total

 

$
200,817 

 

$
13,321 

 

$
75,402 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail Credit Exposure Credit Risk Profile

Internal Rating

 

Closed End First Mortgage

 

Real Estate Open End and Junior Liens

 

Auto

 

Boat/RV

 

Other

Pass

 

$
522,352 

 

$
68,445 

 

$
14,834 

 

$
78,863 

 

$
5,415 

Special Mention

 

 
1,783 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Substandard

 

 
7,137 

 

 
909 

 

 
22 

 

 
556 

 

 
351 

Total

 

$
531,272 

 

$
69,354 

 

$
14,856 

 

$
79,419 

 

$
5,766 

 

Activity in Allowance for Loan Losses by Portfolio Segment

The following table details activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2014 and 2013 and year ended December 31, 2013.  Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other segments.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2014

 

Commercial

 

Mortgage

 

Consumer

 

Total

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of year

$
8,148 

 

$
3,124 

 

$
2,140 

 

$
13,412 

Provision charged to expense

 
(265)

 

 
257 

 

 
358 

 

 
350 

Losses charged off

 

 -

 

 
(80)

 

 
(367)

 

 
(447)

Recoveries

 
16 

 

 
4 

 

 
35 

 

 
55 

Balance, end of period

$
7,899 

 

$
3,305 

 

$
2,166 

 

$
13,370 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$
335 

 

$

 -

 

$

 -

 

$
335 

Collectively evaluated for impairment

 
7,564 

 

 
3,305 

 

 
2,166 

 

 
13,035 

Total allowance for loan losses

$
7,899 

 

$
3,305 

 

$
2,166 

 

$
13,370 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$
5,686 

 

$
856 

 

$
250 

 

$
6,792 

Collectively evaluated for impairment

 
285,721 

 

 
523,364 

 

 
170,373 

 

 
979,458 

Total Loans

$
291,407 

 

$
524,220 

 

$
170,623 

 

$
986,250 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2013

 

Commercial

 

Mortgage

 

Consumer

 

Total

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of year

$
9,908 

 

$
3,394 

 

$
2,736 

 

$
16,038 

Provision charged to expense

 
200 

 

 
500 

 

 
250 

 

 
950 

Losses charged off

 
(237)

 

 
(383)

 

 
(480)

 

 
(1,100)

Recoveries

 
2 

 

 
23 

 

 
78 

 

 
103 

Balance, end of period

$
9,873 

 

$
3,534 

 

$
2,584 

 

$
15,991 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2013

 

Commercial

 

Mortgage

 

Consumer

 

Total

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of year

$
9,908 

 

$
3,394 

 

$
2,736 

 

$
16,038 

Provision charged to expense

 
884 

 

 
343 

 

 
73 

 

 
1,300 

Losses charged off

 
(2,713)

 

 
(886)

 

 
(940)

 

 
(4,539)

Recoveries

 
69 

 

 
273 

 

 
271 

 

 
613 

Balance, end of period

$
8,148 

 

$
3,124 

 

$
2,140 

 

$
13,412 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$
335 

 

$

 -

 

$

 -

 

$
335 

Collectively evaluated for impairment

 
7,813 

 

 
3,124 

 

 
2,140 

 

 
13,077 

Total allowance for loan losses

$
8,148 

 

$
3,124 

 

$
2,140 

 

$
13,412 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$
5,974 

 

$
1,483 

 

$

 -

 

$
7,457 

Collectively evaluated for impairment

 
283,566 

 

 
529,789 

 

 
169,395 

 

 
982,750 

Total Loans

$
289,540 

 

$
531,272 

 

$
169,395 

 

$
990,207 

 

Troubled Debts Restructured

The following tables describe troubled debts restructured during the three month periods ended March 31, 2014 and 2013.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2014

 

No. of Loans

 

Pre-Modification Outstanding Recorded Balance

 

Post-Modification Outstanding Recorded Balance

Real estate

 

 

 

 

 

 

 

Consumer closed end first mortgage
3 

 

 
381 

 

 
394 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2013

 

No. of Loans

 

Pre-Modification Outstanding Recorded Balance

 

Post-Modification Outstanding Recorded Balance

Real estate

 

 

 

 

 

 

 

Commercial
1 

 

$
50 

 

$
50 

Consumer closed end first mortgage
11 

 

 
750 

 

 
1,056 

Consumer open end and junior liens
4 

 

 
220 

 

 
229 

Consumer loans

 

 

 

 

 

 

 

Auto
2 

 

 
22 

 

 
22 

Boat/RVs
1 

 

 
30 

 

 
30 

Other
1 

 

 
11 

 

 
11 

Commercial and industrial
2 

 

 
1,009 

 

 
723 

 

Newly Restructured Loans by Types

Newly restructured loans by type for the three months ended March 31, 2014 and 2013 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2014

 

 

Interest Only

 

 

Term

 

 

Combination

 

 

Total Modification

Real Estate

 

 

 

 

 

 

 

 

 

 

 

Consumer closed end first mortgage

 

 -

 

 

 -

 

 
394 

 

 
394 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2013

 

 

Interest Only

 

 

Term

 

 

Combination

 

 

Total Modification

Real Estate

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 -

 

$

 -

 

$
50 

 

$
50 

Consumer closed end first mortgage

 

 -

 

 

 -

 

 
1,057 

 

 
1,057 

Consumer open end junior lien

 

 -

 

 
213 

 

 
16 

 

 
229 

Consumer Loans

 

 

 

 

 

 

 

 

 

 

 

Auto

 

 -

 

 
4 

 

 
18 

 

 
22 

Boat/RVs

 

 -

 

 
30 

 

 

 -

 

 
30 

Other

 

 -

 

 

 -

 

 
11 

 

 
11 

Commercial and industrial

 

 -

 

 
88 

 

 
635 

 

 
723 

 

Troubled Debts Restructured Defaulted

 

 

 

 

 

 

Three Months Ended March 31, 2014

 

No. of Loans

 

Post-Modification Outstanding Recorded Balance

Real Estate

 

 

 

 

Consumer closed end first mortgage
2 

 

$
92 

Consumer open end and junior liens
1 

 

 
23 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2013

 

No. of Loans

 

Post-Modification Outstanding Recorded Balance

Real Estate

 

 

 

 

Commercial
1 

 

$
518 

Commercial and industrial
1 

 

 
109