| Impaired Financing Receivables |
|
Impaired Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollars in thousands, unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2019 |
|
|
|
|
Unpaid Principal
Balance(1) |
|
|
Recorded
Investment(2) |
|
|
Related
Allowance |
|
|
Average
Recorded
Investment |
|
|
Interest Income
Recognized(3) |
|
|
With an allowance recorded |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other construction/land |
|
$ |
582 |
|
|
$ |
427 |
|
|
$ |
41 |
|
|
$ |
686 |
|
|
$ |
10 |
|
|
1-4 family - closed-end |
|
|
3,279 |
|
|
|
3,279 |
|
|
|
73 |
|
|
|
3,382 |
|
|
|
43 |
|
|
Equity lines |
|
|
4,585 |
|
|
|
4,533 |
|
|
|
651 |
|
|
|
4,722 |
|
|
|
63 |
|
|
Multi-family residential |
|
|
367 |
|
|
|
367 |
|
|
|
22 |
|
|
|
381 |
|
|
|
6 |
|
|
Commercial real estate- owner occupied |
|
|
834 |
|
|
|
714 |
|
|
|
125 |
|
|
|
792 |
|
|
|
10 |
|
|
Commercial real estate- non-owner occupied |
|
|
1,502 |
|
|
|
1,355 |
|
|
|
3 |
|
|
|
1,597 |
|
|
|
26 |
|
|
Total real estate |
|
|
11,149 |
|
|
|
10,675 |
|
|
|
915 |
|
|
|
11,560 |
|
|
|
158 |
|
|
Agricultural |
|
|
6 |
|
|
|
6 |
|
|
|
1 |
|
|
|
6 |
|
|
|
— |
|
|
Commercial and industrial |
|
|
970 |
|
|
|
951 |
|
|
|
333 |
|
|
|
1,044 |
|
|
|
6 |
|
|
Consumer loans |
|
|
812 |
|
|
|
774 |
|
|
|
180 |
|
|
|
947 |
|
|
|
13 |
|
|
Subtotal |
|
|
12,937 |
|
|
|
12,406 |
|
|
|
1,429 |
|
|
|
13,557 |
|
|
|
177 |
|
|
With no related allowance recorded |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other construction/land |
|
|
53 |
|
|
|
48 |
|
|
|
— |
|
|
|
60 |
|
|
|
— |
|
|
1-4 family - closed-end |
|
|
385 |
|
|
|
339 |
|
|
|
— |
|
|
|
430 |
|
|
|
— |
|
|
Equity lines |
|
|
177 |
|
|
|
151 |
|
|
|
— |
|
|
|
194 |
|
|
|
— |
|
|
Commercial real estate- owner occupied |
|
|
494 |
|
|
|
494 |
|
|
|
— |
|
|
|
511 |
|
|
|
— |
|
|
Commercial real estate- non-owner occupied |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Farmland |
|
|
1,642 |
|
|
|
1,641 |
|
|
|
— |
|
|
|
1,660 |
|
|
|
— |
|
|
Total real estate |
|
|
2,751 |
|
|
|
2,673 |
|
|
|
— |
|
|
|
2,855 |
|
|
|
— |
|
|
Agricultural |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Commercial and industrial |
|
|
169 |
|
|
|
148 |
|
|
|
— |
|
|
|
298 |
|
|
|
— |
|
|
Consumer loans |
|
|
129 |
|
|
|
15 |
|
|
|
— |
|
|
|
222 |
|
|
|
— |
|
|
Subtotal |
|
|
3,049 |
|
|
|
2,836 |
|
|
|
— |
|
|
|
3,375 |
|
|
|
— |
|
|
Total |
|
$ |
15,986 |
|
|
$ |
15,242 |
|
|
$ |
1,429 |
|
|
$ |
16,932 |
|
|
$ |
177 |
|
|
(1) |
Contractual principal balance due from customer. |
|
(2) |
Principal balance on Company's books, less any direct charge offs. |
|
(3) |
Interest income is recognized on performing balances on a regular accrual basis. |
|
Impaired Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollars in thousands, unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2018 |
|
|
|
|
Unpaid Principal
Balance(1) |
|
|
Recorded
Investment(2) |
|
|
Related
Allowance |
|
|
Average
Recorded
Investment |
|
|
Interest Income
Recognized(3) |
|
|
With an allowance recorded |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other construction/land |
|
$ |
593 |
|
|
$ |
438 |
|
|
$ |
44 |
|
|
$ |
648 |
|
|
$ |
40 |
|
|
1-4 family - closed-end |
|
|
3,325 |
|
|
|
3,325 |
|
|
|
75 |
|
|
|
3,182 |
|
|
|
175 |
|
|
Equity lines |
|
|
4,603 |
|
|
|
4,550 |
|
|
|
656 |
|
|
|
4,368 |
|
|
|
206 |
|
|
Multi-family residential |
|
|
373 |
|
|
|
373 |
|
|
|
25 |
|
|
|
359 |
|
|
|
20 |
|
|
Commercial real estate- owner occupied |
|
|
842 |
|
|
|
723 |
|
|
|
135 |
|
|
|
740 |
|
|
|
40 |
|
|
Commercial real estate- non-owner occupied |
|
|
1,572 |
|
|
|
1,425 |
|
|
|
3 |
|
|
|
1,644 |
|
|
|
107 |
|
|
Total real estate |
|
|
11,308 |
|
|
|
10,834 |
|
|
|
938 |
|
|
|
10,941 |
|
|
|
588 |
|
|
Agricultural |
|
|
6 |
|
|
|
6 |
|
|
|
1 |
|
|
|
6 |
|
|
|
— |
|
|
Commercial and industrial |
|
|
1,724 |
|
|
|
1,534 |
|
|
|
918 |
|
|
|
1,965 |
|
|
|
40 |
|
|
Consumer loans |
|
|
813 |
|
|
|
764 |
|
|
|
151 |
|
|
|
909 |
|
|
|
61 |
|
|
Subtotal |
|
|
13,851 |
|
|
|
13,138 |
|
|
|
2,008 |
|
|
|
13,821 |
|
|
|
689 |
|
|
With no related allowance recorded |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other construction/land |
|
|
54 |
|
|
|
50 |
|
|
|
— |
|
|
|
58 |
|
|
|
— |
|
|
1-4 family - closed-end |
|
|
357 |
|
|
|
307 |
|
|
|
— |
|
|
|
375 |
|
|
|
3 |
|
|
Equity lines |
|
|
224 |
|
|
|
166 |
|
|
|
— |
|
|
|
221 |
|
|
|
— |
|
|
Commercial real estate- owner occupied |
|
|
502 |
|
|
|
502 |
|
|
|
— |
|
|
|
478 |
|
|
|
— |
|
|
Commercial real estate- non-owner occupied |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Farmland |
|
|
1,642 |
|
|
|
1,642 |
|
|
|
— |
|
|
|
1,538 |
|
|
|
— |
|
|
Total real estate |
|
|
2,779 |
|
|
|
2,667 |
|
|
|
— |
|
|
|
2,670 |
|
|
|
3 |
|
|
Agricultural |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Commercial and industrial |
|
|
238 |
|
|
|
211 |
|
|
|
— |
|
|
|
838 |
|
|
|
— |
|
|
Consumer loans |
|
|
182 |
|
|
|
56 |
|
|
|
— |
|
|
|
273 |
|
|
|
1 |
|
|
Subtotal |
|
|
3,199 |
|
|
|
2,934 |
|
|
|
— |
|
|
|
3,781 |
|
|
|
4 |
|
|
Total |
|
$ |
17,050 |
|
|
$ |
16,072 |
|
|
$ |
2,008 |
|
|
$ |
17,602 |
|
|
$ |
693 |
|
|
(1) |
Contractual principal balance due from customer. |
|
(2) |
Principal balance on Company's books, less any direct charge offs. |
|
(3) |
Interest income is recognized on performing balances on a regular accrual basis. |
|
| Allowance for Credit Losses on Financing Receivables |
|
Allowance for Credit Losses and Recorded Investment in Financing Receivables |
|
|
(dollars in thousands, unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended March 31, 2019 |
|
|
|
|
Real Estate |
|
|
Agricultural
Products |
|
|
Commercial and
Industrial |
|
|
Consumer |
|
|
Unallocated |
|
|
Total |
|
|
Allowance for credit losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
5,831 |
|
|
$ |
256 |
|
|
$ |
2,394 |
|
|
$ |
1,239 |
|
|
$ |
30 |
|
|
$ |
9,750 |
|
|
Charge-offs |
|
|
— |
|
|
|
— |
|
|
|
(579 |
) |
|
|
(551 |
) |
|
|
— |
|
|
|
(1,130 |
) |
|
Recoveries |
|
|
175 |
|
|
|
— |
|
|
|
41 |
|
|
|
302 |
|
|
|
— |
|
|
|
518 |
|
|
Provision |
|
|
88 |
|
|
|
(37 |
) |
|
|
58 |
|
|
|
139 |
|
|
|
52 |
|
|
|
300 |
|
|
Ending balance |
|
$ |
6,094 |
|
|
$ |
219 |
|
|
$ |
1,914 |
|
|
$ |
1,129 |
|
|
$ |
82 |
|
|
$ |
9,438 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reserves: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Specific |
|
$ |
915 |
|
|
$ |
1 |
|
|
$ |
333 |
|
|
$ |
180 |
|
|
$ |
— |
|
|
$ |
1,429 |
|
|
General |
|
|
5,179 |
|
|
|
218 |
|
|
|
1,581 |
|
|
|
949 |
|
|
|
82 |
|
|
|
8,009 |
|
|
Ending balance |
|
$ |
6,094 |
|
|
$ |
219 |
|
|
$ |
1,914 |
|
|
$ |
1,129 |
|
|
$ |
82 |
|
|
$ |
9,438 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans evaluated for impairment: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually |
|
$ |
13,348 |
|
|
$ |
6 |
|
|
$ |
1,099 |
|
|
$ |
789 |
|
|
$ |
— |
|
|
$ |
15,242 |
|
|
Collectively |
|
|
1,460,502 |
|
|
|
52,080 |
|
|
|
215,698 |
|
|
|
7,467 |
|
|
|
— |
|
|
|
1,735,747 |
|
|
Ending balance |
|
$ |
1,473,850 |
|
|
$ |
52,086 |
|
|
$ |
216,797 |
|
|
$ |
8,256 |
|
|
$ |
— |
|
|
$ |
1,750,989 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, 2018 |
|
|
|
|
Real Estate |
|
|
Agricultural
Products |
|
|
Commercial and
Industrial |
|
|
Consumer |
|
|
Unallocated |
|
|
Total |
|
|
Allowance for credit losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
4,786 |
|
|
$ |
208 |
|
|
$ |
2,772 |
|
|
$ |
1,231 |
|
|
$ |
46 |
|
|
$ |
9,043 |
|
|
Charge-offs |
|
|
(2,474 |
) |
|
|
— |
|
|
|
(608 |
) |
|
|
(2,226 |
) |
|
|
— |
|
|
|
(5,308 |
) |
|
Recoveries |
|
|
374 |
|
|
|
23 |
|
|
|
148 |
|
|
|
1,120 |
|
|
|
— |
|
|
|
1,665 |
|
|
Provision |
|
|
3,145 |
|
|
|
25 |
|
|
|
82 |
|
|
|
1,114 |
|
|
|
(16 |
) |
|
|
4,350 |
|
|
Ending balance |
|
$ |
5,831 |
|
|
$ |
256 |
|
|
$ |
2,394 |
|
|
$ |
1,239 |
|
|
$ |
30 |
|
|
$ |
9,750 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reserves: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Specific |
|
$ |
937 |
|
|
$ |
2 |
|
|
$ |
918 |
|
|
$ |
151 |
|
|
$ |
— |
|
|
$ |
2,008 |
|
|
General |
|
|
4,894 |
|
|
|
254 |
|
|
|
1,476 |
|
|
|
1,088 |
|
|
|
30 |
|
|
|
7,742 |
|
|
Ending balance |
|
$ |
5,831 |
|
|
$ |
256 |
|
|
$ |
2,394 |
|
|
$ |
1,239 |
|
|
$ |
30 |
|
|
$ |
9,750 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans evaluated for impairment: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually |
|
$ |
13,501 |
|
|
$ |
6 |
|
|
$ |
1,744 |
|
|
$ |
821 |
|
|
$ |
— |
|
|
$ |
16,072 |
|
|
Collectively |
|
|
1,440,429 |
|
|
|
49,097 |
|
|
|
218,289 |
|
|
|
8,041 |
|
|
|
— |
|
|
|
1,715,856 |
|
|
Ending balance |
|
$ |
1,453,930 |
|
|
$ |
49,103 |
|
|
$ |
220,033 |
|
|
$ |
8,862 |
|
|
$ |
— |
|
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$ |
1,731,928 |
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