XML 44 R37.htm IDEA: XBRL DOCUMENT v2.4.1.9
Loans and Allowance (Tables)
 12 Months Ended
Dec. 31, 2014
Loans and Allowance [Abstract]  
Schedule of Classes of Loans

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

Real estate

 

 

 

 

 

Commercial

$
198,019 

 

$
200,817 

Commercial construction and development

 
33,102 

 

 
13,321 

Consumer closed end first mortgage

 
517,063 

 

 
531,272 

Consumer open end and junior liens

 
71,073 

 

 
69,354 

 

 
819,257 

 

 
814,764 

Other loans

 

 

 

 

 

Consumer loans

 

 

 

 

 

Auto

 
14,712 

 

 
14,856 

Boat/RVs

 
94,761 

 

 
79,419 

Other

 
5,184 

 

 
5,766 

Commercial and industrial

 
88,474 

 

 
75,402 

 

 
203,131 

 

 
175,443 

Total loans

 
1,022,388 

 

 
990,207 

Undisbursed loans in process

 
(9,285)

 

 
(13,346)

Unamortized deferred loan costs, net

 
3,583 

 

 
2,517 

Allowance for loan losses

 
(13,168)

 

 
(13,412)

Net loans

$
1,003,518 

 

$
965,966 

 

Non-Accrual Loans Segregated by Class of Loans

Year-end non-accrual loans, segregated by class of loans, were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

Real estate

 

 

 

 

 

Commercial

$
2,023 

 

$
1,349 

Commercial construction and development

 
209 

 

 
1,103 

Consumer closed end first mortgage

 
3,499 

 

 
4,057 

Consumer open end and junior liens

 
658 

 

 
421 

Consumer loans

 

 

 

 

 

Auto

 

 -

 

 
10 

Boat/RVs

 
191 

 

 
339 

Other

 
27 

 

 
12 

Commercial and industrial

 
605 

 

 
1,109 

 

$
7,212 

 

$
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 December 31, 2014 and 2013 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

30-59 Days Past Due

 

 

60-89 Days Past Due

 

 

90 Days or More Past Due

 

 

Total Past Due

 

 

Current

 

 

Total Loans Receivable

 

 

Total Loans 90 Days or More and Accruing

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
1,308 

 

$
848 

 

$
325 

 

$
2,481 

 

$
195,538 

 

$
198,019 

 

$

 -

Commercial construction and development

 

 -

 

 

 -

 

 
209 

 

 
209 

 

 
32,893 

 

 
33,102 

 

 

 -

Consumer closed end first mortgage

 
8,144 

 

 
1,220 

 

 
2,160 

 

 
11,524 

 

 
505,539 

 

 
517,063 

 

 
226 

Consumer open end and junior liens

 
969 

 

 
130 

 

 
27 

 

 
1,126 

 

 
69,947 

 

 
71,073 

 

 

 -

Consumer loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auto

 
65 

 

 

 -

 

 

 -

 

 
65 

 

 
14,647 

 

 
14,712 

 

 

 -

Boat/RVs

 
775 

 

 
158 

 

 
115 

 

 
1,048 

 

 
93,713 

 

 
94,761 

 

 

 -

Other

 
92 

 

 
27 

 

 
14 

 

 
133 

 

 
5,051 

 

 
5,184 

 

 

 -

Commercial and industrial

 
1,066 

 

 
176 

 

 
441 

 

 
1,683 

 

 
86,791 

 

 
88,474 

 

 

 -

 

$
12,419 

 

$
2,559 

 

$
3,291 

 

$
18,269 

 

$
1,004,119 

 

$
1,022,388 

 

$
226 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

30-59 Days Past Due

 

 

60-89 Days Past Due

 

 

90 Days or More Past Due

 

 

Total Past Due

 

 

Current

 

 

Total Loans Receivable

 

 

Total Loans 90 Days or More 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 years ended December 31, 2014, 2013 and 2012:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 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

$
4,933 

 

$
4,933 

 

$

 -

 

$
3,776 

 

$
161 

Commercial construction and development

 
931 

 

 
1,860 

 

 

 -

 

 
1,323 

 

 
30 

Consumer closed end first mortgage

 
1,138 

 

 
1,138 

 

 

 -

 

 
1,142 

 

 
8 

Consumer open end and junior liens

 

 -

 

 

 -

 

 

 -

 

 
100 

 

 
3 

Commercial and industrial

 
758 

 

 
789 

 

 

 -

 

 
923 

 

 
12 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$
7,760 

 

$
8,720 

 

$

 -

 

$
7,264 

 

$
214 

 

As of December 31, 2014, there were no impaired loans with a valuation allowance. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

$
7,457 

 

$
10,708 

 

$
335 

 

$
13,669 

 

$
261 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

Recorded Balance

 

Unpaid Principal Balance

 

Specific Allowance

 

Average Investment in Impaired Loans

 

Interest Income Recognized

Loans without a specific valuation allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
5,341 

 

$
6,354 

 

$

 -

 

$
5,384 

 

$
248 

Commercial construction and development

 
3,632 

 

 
7,078 

 

 

 -

 

 
4,884 

 

 
30 

Consumer closed end first mortgage

 
2,583 

 

 
3,522 

 

 

 -

 

 
3,755 

 

 
58 

Commercial and industrial

 
972 

 

 
972 

 

 

 -

 

 
2,828 

 

 
117 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans with a specific valuation allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 
208 

 

 
947 

 

 
100 

 

 
211 

 

 
12 

Commercial construction and development

 
4,639 

 

 
5,157 

 

 
959 

 

 
5,230 

 

 
78 

Consumer closed end first mortgage

 
834 

 

 
834 

 

 
57 

 

 
654 

 

 

 -

Commercial and industrial

 
912 

 

 
912 

 

 
257 

 

 
921 

 

 
30 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$
19,121 

 

$
25,776 

 

$
1,373 

 

$
23,867 

 

$
573 

 

Commercial and Retail Credit Exposure Credit Risk Profile by Internal Rating

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

 

 

Commercial Credit Exposure Credit Risk Profile

 

 

 

 

 

 

Internal Rating

 

Real Estate

 

 

Construction and Development

 

Commercial and Industrial

 

 

 

 

 

 

Pass

 

$
187,436 

 

$
30,422 

 

$
84,746 

 

 

 

 

 

 

Special Mention

 

 
3,316 

 

 
1,721 

 

 
439 

 

 

 

 

 

 

Substandard

 

 
7,267 

 

 
959 

 

 
2,848 

 

 

 

 

 

 

Doubtful

 

 

 -

 

 

 -

 

 
441 

 

 

 

 

 

 

Total

 

$
198,019 

 

$
33,102 

 

$
88,474 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Credit Exposure Credit Risk Profile

Internal Rating

 

Closed End First Mortgage

 

Real Estate Open End and Junior Liens

 

Auto

 

Boat/RV

 

Other

Pass

 

$
509,765 

 

$
70,299 

 

$
14,704 

 

$
94,377 

 

$
5,125 

Special Mention

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Substandard

 

 
7,298 

 

 
774 

 

 
8 

 

 
384 

 

 
59 

Total

 

$
517,063 

 

$
71,073 

 

$
14,712 

 

$
94,761 

 

$
5,184 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer 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 tables detail activity in the allowance for loan losses by portfolio segment for the years ended December 31, 2014, 2013 and 2012.  Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses on other segments.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 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

 
(1,273)

 

 
888 

 

 
1,235 

 

 
850 

Losses charged off

 
(289)

 

 
(572)

 

 
(1,021)

 

 
(1,882)

Recoveries

 
499 

 

 
31 

 

 
258 

 

 
788 

Balance, end of period

$
7,085 

 

$
3,471 

 

$
2,612 

 

$
13,168 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

 -

 

$

 -

 

$

 -

 

$

 -

Collectively evaluated for impairment

 
7,085 

 

 
3,471 

 

 
2,612 

 

 
13,168 

Total allowance for loan losses

$
7,085 

 

$
3,471 

 

$
2,612 

 

$
13,168 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$
6,622 

 

$
1,138 

 

$

 -

 

$
7,760 

Collectively evaluated for impairment

 
312,973 

 

 
515,925 

 

 
185,730 

 

 
1,014,628 

Total Loans

$
319,595 

 

$
517,063 

 

$
185,730 

 

$
1,022,388 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

Commercial

 

Mortgage

 

Consumer

 

Total

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of year

$
10,602 

 

$
3,444 

 

$
2,769 

 

$
16,815 

Provision charged to expense

 
3,213 

 

 
1,612 

 

 
1,200 

 

 
6,025 

Losses charged off

 
(4,493)

 

 
(1,901)

 

 
(1,608)

 

 
(8,002)

Recoveries

 
586 

 

 
239 

 

 
375 

 

 
1,200 

Balance, end of period

$
9,908 

 

$
3,394 

 

$
2,736 

 

$
16,038 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$
1,316 

 

$
57 

 

$

 -

 

$
1,373 

Collectively evaluated for impairment

 
8,592 

 

 
3,337 

 

 
2,736 

 

 
14,665 

Total allowance for loan losses

$
9,908 

 

$
3,394 

 

$
2,736 

 

$
16,038 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$
15,704 

 

$
3,417 

 

$

 -

 

$
19,121 

Collectively evaluated for impairment

 
273,144 

 

 
499,202 

 

 
199,102 

 

 
971,448 

Total Loans

$
288,848 

 

$
502,619 

 

$
199,102 

 

$
990,569 

 

Troubled Debts Restructured

The following tables describe troubled debts restructured during the years ended December 31, 2014, 2013 and 2012.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

No. of Loans

 

Pre-Modification Outstanding Recorded Balance

 

Post-Modification Outstanding Recorded Balance

Real estate

 

 

 

 

 

 

 

Commercial
6 

 

$
1,229 

 

$
1,248 

Consumer closed end first mortgage
12 

 

 
1,493 

 

 
1,139 

Consumer open end and junior liens
5 

 

 
58 

 

 
59 

Commercial and industrial
2 

 

 
193 

 

 
223 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

No. of Loans

 

Pre-Modification Outstanding Recorded Balance

 

Post-Modification Outstanding Recorded Balance

Real estate

 

 

 

 

 

 

 

Commercial
3 

 

$
1,532 

 

$
1,601 

Consumer closed end first mortgage
24 

 

 
1,706 

 

 
1,884 

Consumer open end and junior liens
30 

 

 
1,236 

 

 
1,249 

Consumer loans

 

 

 

 

 

 

 

Auto
2 

 

 
22 

 

 
22 

Boat/RVs
6 

 

 
172 

 

 
171 

Other
1 

 

 
11 

 

 
11 

Commercial and industrial
3 

 

 
1,122 

 

 
843 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

No. of Loans

 

Pre-Modification Outstanding Recorded Balance

 

Post-Modification Outstanding Recorded Balance

Real estate

 

 

 

 

 

 

 

Commercial
10 

 

$
2,239 

 

$
2,399 

Commercial construction and development
3 

 

 
1,047 

 

 
1,133 

Consumer closed end first mortgage
57 

 

 
3,857 

 

 
4,098 

Consumer open end and junior liens
14 

 

 
592 

 

 
590 

Consumer loans

 

 

 

 

 

 

 

Auto
4 

 

 
34 

 

 
33 

Boat/RVs
7 

 

 
154 

 

 
153 

Other
4 

 

 
53 

 

 
52 

Commercial and industrial
6 

 

 
325 

 

 
386 

 

Newly Restructured Loans by Types

Newly restructured loans by type for the years ended December 31, 2014, 2013 and 2012 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

Interest Only

 

 

Term

 

 

Combination

 

 

Total Modification

Real Estate

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 -

 

$
701 

 

$
547 

 

$
1,248 

Consumer closed end first mortgage

 
101 

 

 

 -

 

 
1,038 

 

 
1,139 

Consumer open end junior lien

 

 -

 

 
28 

 

 
31 

 

 
59 

Commercial and industrial

 

 -

 

 
223 

 

 

 -

 

 
223 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

Interest Only

 

 

Term

 

 

Combination

 

 

Total Modification

Real Estate

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 -

 

$

 -

 

$
1,601 

 

$
1,601 

Consumer closed end first mortgage

 

 -

 

 
36 

 

 
1,848 

 

 
1,884 

Consumer open end junior lien

 
250 

 

 
402 

 

 
597 

 

 
1,249 

Consumer Loans

 

 

 

 

 

 

 

 

 

 

 

Auto

 

 -

 

 
4 

 

 
18 

 

 
22 

Boat/RVs

 

 -

 

 
135 

 

 
36 

 

 
171 

Other

 

 -

 

 

 -

 

 
11 

 

 
11 

Commercial and industrial

 

 -

 

 
209 

 

 
634 

 

 
843 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

 

Interest Only

 

 

Term

 

 

Combination

 

 

Total Modification

Real Estate

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 -

 

$
1,281 

 

$
1,118 

 

$
2,399 

Commercial construction and development

 

 -

 

 
961 

 

 
172 

 

 
1,133 

Consumer closed end first mortgage

 
320 

 

 
189 

 

 
3,589 

 

 
4,098 

Consumer open end junior lien

 

 -

 

 
97 

 

 
493 

 

 
590 

Consumer Loans

 

 

 

 

 

 

 

 

 

 

 

Auto

 

 -

 

 
29 

 

 
4 

 

 
33 

Boat/RVs

 

 -

 

 
153 

 

 

 -

 

 
153 

Other

 

 -

 

 
8 

 

 
44 

 

 
52 

Commercial and industrial

 

 -

 

 
143 

 

 
243 

 

 
386 

 

Troubled Debts Restructured Defaulted

Defaults of any loans modified as troubled debt restructurings made in the years ended December 31, 2014, 2013 and 2012, respectively, are listed in the table below.  Defaults are defined as any loans that become 90 days past due.  We have included one other commercial loan in the default category due to a large subsequent charge-off after modification.

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

No. of Loans

 

Post-Modification Outstanding Recorded Balance

Real Estate

 

 

 

 

Consumer closed end first mortgage
4 

 

$
663 

Consumer open end and junior liens
1 

 

 
23 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

No. of Loans

 

Post-Modification Outstanding Recorded Balance

Real Estate

 

 

 

 

Consumer closed end first mortgage
3 

 

$
210 

Commercial and industrial
1 

 

 
634 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

No. of Loans

 

Post-Modification Outstanding Recorded Balance

Real Estate

 

 

 

 

Commercial
1 

 

$
109 

Consumer closed end first mortgage
2 

 

 
61 

Consumer Loans

 

 

 

 

Other
1 

 

 
14 

Commercial and industrial
1 

 

 
518