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Loans (Tables)
 12 Months Ended
Dec. 31, 2016
Receivables [Abstract]  
Loans
Loans are comprised of the following:
 
 
In thousands)
December 31, 2016
 
December 31, 2015
 
 
Commercial and Business loans
$
47,464

 
$
54,503

 
Government Program Loans
1,541

 
1,323

 
Total Commercial and Industrial
49,005

 
55,826

 
Real estate – Mortgage:
 

 
 

 
Commercial Real Estate
200,213

 
182,554

 
Residential Mortgages
87,388

 
68,811

 
Home Improvement and Home Equity loans
599

 
867

 
Total Real Estate Mortgage
288,200

 
252,232

 
Real Estate Construction and Development
130,687

 
130,596

 
Agricultural
56,918

 
52,137

 
Installment
44,949

 
24,527

 
Total Loans
$
569,759

 
$
515,318
Loans to Affiliates
Loans to directors, officers, principal shareholders and their affiliates are summarized below:
 
December 31,
(In thousands)
2016
2015
2014
Aggregate amount outstanding, beginning of year
$
3,754

$
2,120

$
2,916

New loans or advances during year
3,788

3,946

796

Repayments during year
(1,704
)
(2,312
)
(1,592
)
Aggregate amount outstanding, end of year
$
5,838

$
3,754

$
2,120

Loan commitments, end of year
$
4,891

$
7,431

$
3,761
Delinquent Loans
The following is a summary of delinquent loans at December 31, 2016 (in thousands):

December 31, 2016
Loans
30-60 Days Past Due
 
Loans
61-89 Days Past Due
 
Loans
90 or More
Days Past Due
 
Total Past Due Loans
 
Current Loans
 
Total Loans
 
Accruing
Loans 90 or
More Days Past Due
Commercial and Business Loans
$
—

 
$
432

 
$
—

 
$
432

 
$
48,009

 
$
48,441

 
$
—

Government Program Loans
—

 
—

 
290

 
290

 
1,251

 
1,541

 
—

Total Commercial and Industrial
—

 
432

 
290

 
722

 
49,260

 
49,982

 
—

Commercial Real Estate Loans
—

 
—

 
—

 
—

 
199,810

 
199,810

 
—

Residential Mortgages
—

 
—

 
—

 
—

 
87,388

 
87,388

 
—

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
599

 
599

 
—

Total Real Estate Mortgage
—

 
—

 
—

 
—

 
287,797

 
287,797

 
—

Real Estate Construction and Development Loans
166

 
—

 
1,250

 
1,416

 
128,697

 
130,113

 
1,250

Agricultural Loans
—

 
—

 
—

 
—

 
56,918

 
56,918

 
—

Consumer Loans
—

 
—

 
965

 
965

 
43,785

 
44,750

 
—

Overdraft protection Lines
—

 
—

 
—

 
—

 
48

 
48

 
—

Overdrafts
—

 
—

 
—

 
—

 
151

 
151

 
—

Total Installment
—

 
—

 
965

 
965

 
43,984

 
44,949

 
—

Total Loans
$
166

 
$
432

 
$
2,505

 
$
3,103

 
$
566,656

 
$
569,759

 
$
1,250


The following is a summary of delinquent loans at December 31, 2015 (in thousands):
December 31, 2015
Loans
30-60 Days Past Due
 
Loans
61-89 Days Past Due
 
Loans
90 or More
Days Past Due
 
Total Past Due Loans
 
Current Loans
 
Total Loans
 
Accruing
Loans 90 or
More Days Past Due
Commercial and Business Loans
$
—

 
$
—

 
$
—

 
$
—

 
$
54,503

 
$
54,503

 
$
—

Government Program Loans
13

 
—

 
—

 
13

 
1,310

 
1,323

 
—

Total Commercial and Industrial
13

 
—

 
—

 
13

 
55,813

 
55,826

 
—

Commercial Real Estate Loans
721

 
—

 
—

 
721

 
181,833

 
182,554

 
—

Residential Mortgages
62

 
392

 
—

 
454

 
68,357

 
68,811

 
—

Home Improvement and Home Equity Loans
—

 
39

 
—

 
39

 
828

 
867

 
—

Total Real Estate Mortgage
783

 
431

 
—

 
1,214

 
251,018

 
252,232

 
—

Real Estate Construction and Development Loans
—

 
706

 
—

 
706

 
129,890

 
130,596

 
—

Agricultural Loans
—

 
—

 
—

 
—

 
52,137

 
52,137

 
—

Consumer Loans
—

 
650

 
—

 
650

 
23,657

 
24,307

 
—

Overdraft protection Lines
—

 
—

 
—

 
—

 
61

 
61

 
—

Overdrafts
—

 
—

 
—

 
—

 
159

 
159

 
—

Total Installment
—

 
650

 
—

 
650

 
23,877

 
24,527

 
—

Total Loans
$
796

 
$
1,787

 
$
—

 
$
2,583

 
$
512,735

 
$
515,318

 
$
—
Nonaccrual Loan Balances
The following is a summary of nonaccrual loan balances at December 31, 2016 and 2015 (in thousands).
 
December 31, 2016
 
December 31, 2015
Commercial and Business Loans
$
275

 
$
—

Government Program Loans
290

 
328

Total Commercial and Industrial
565

 
328

Commercial Real Estate Loans
1,126

 
1,243

Residential Mortgages
—

 
392

Home Improvement and Home Equity Loans
—

 
—

Total Real Estate Mortgage
1,126

 
1,635

 
 
 
 
Real Estate Construction and Development Loans
4,608

 
5,580

Agricultural Loans
—

 
—

 
 
 
 
Consumer Loans
965

 
650

Total Installment
965

 
650

Total Loans
$
7,264

 
$
8,193
Impaired Loans
The following is a summary of impaired loans at December 31, 2016 (in thousands).
December 31, 2016
Unpaid
Contractual
Principal Balance
 
Recorded
Investment
With No Allowance (1)
 
Recorded
Investment
With Allowance (1)
 
Total
Recorded Investment
 
Related Allowance
 
Average
Recorded Investment (2)
 
Interest Recognized (2)
Commercial and Business Loans
$
4,635

 
$
495

 
$
4,158

 
$
4,653

 
$
757

 
$
5,050

 
$
302

Government Program Loans
356

 
356

 
—

 
356

 
—

 
372

 
20

Total Commercial and Industrial
4,991

 
851

 
4,158

 
5,009

 
757

 
5,422

 
322

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate Loans
1,454

 
—

 
1,456

 
1,456

 
450

 
1,503

 
89

Residential Mortgages
2,467

 
526

 
1,949

 
2,475

 
153

 
2,874

 
138

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
—

 
—

 
—

Total Real Estate Mortgage
3,921

 
526

 
3,405

 
3,931

 
603

 
4,377

 
227

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real Estate Construction and Development Loans
6,267

 
6,274

 
—

 
6,274

 
—

 
8,794

 
361

Agricultural Loans
—

 
—

 
—

 
—

 
—

 
5

 
8

 
 
 
 
 
 
 


 
 
 
 
 
 
Consumer Loans
965

 
965

 
—

 
965

 
—

 
968

 
35

Total Installment
965

 
965

 
—

 
965

 
—

 
968

 
35

Total Impaired Loans
$
16,144

 
$
8,616

 
$
7,563

 
$
16,179

 
$
1,360

 
$
19,566

 
$
953


(1) The recorded investment in loans includes accrued interest receivable of $35,000.
(2) Information is based on the twelve month period ended December 31, 2016.    


The following is a summary of impaired loans at December 31, 2015 (in thousands).
December 31, 2015
Unpaid
Contractual
Principal Balance
 
Recorded
Investment
With No Allowance (1)
 
Recorded
Investment
With Allowance (1)
 
Total
Recorded Investment
 
Related Allowance
 
Average
Recorded Investment (2)
 
Interest Recognized (2)
Commercial and Business Loans
$
4,855

 
$
541

 
$
4,333

 
$
4,874

 
$
530

 
$
2,537

 
$
302

Government Program Loans
327

 
327

 
—

 
327

 
—

 
358

 
29

Total Commercial and Industrial
5,182

 
868

 
4,333

 
5,201

 
530

 
2,895

 
331

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate Loans
1,243

 
—

 
1,243

 
1,243

 
477

 
1,618

 
74

Residential Mortgages
4,032

 
1,051

 
2,999

 
4,050

 
158

 
4,092

 
185

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
—

 
11

 
—

Total Real Estate Mortgage
5,275

 
1,051

 
4,242

 
5,293

 
635

 
5,721

 
259

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real Estate Construction and Development Loans
12,489

 
5,340

 
7,179

 
12,519

 
1,282

 
7,781

 
820

Agricultural Loans
16

 
16

 
—

 
16

 
—

 
22

 
9

 
 
 
 
 
 
 


 
 
 
 
 
 
Consumer Loans
650

 
—

 
650

 
650

 
650

 
1,043

 
21

Total Installment
650

 
—

 
650

 
650

 
650

 
1,043

 
21

Total Impaired Loans
$
23,612

 
$
7,275

 
$
16,404

 
$
23,679

 
$
3,097

 
$
17,462

 
$
1,440



(1) The recorded investment in loans includes accrued interest receivable of $67,000.
(2) Information is based on the twelve month period ended December 31, 2015.
 

The following is a summary of impaired loans at December 31, 2014 (in thousands).

December 31, 2014
Unpaid
Contractual
Principal Balance
 
Recorded
Investment
With No Allowance (1)
 
Recorded
Investment
With Allowance (1)
 
Total
Recorded Investment
 
Related Allowance
 
Average
Recorded Investment (2)
 
Interest Recognized (2)
Commercial and Business Loans
$
996

 
$
770

 
$
230

 
$
1,000

 
$
64

 
$
847

 
$
76

Government Program Loans
421

 
421

 
—

 
421

 
—

 
250

 
28

Total Commercial and Industrial
1,417

 
1,191

 
230

 
1,421

 
64

 
1,097

 
104

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate Loans
3,145

 
1,794

 
1,351

 
3,145

 
478

 
5,765

 
244

Residential Mortgages
4,315

 
1,474

 
2,852

 
4,326

 
170

 
4,564

 
188

Home Improvement and Home Equity Loans
42

 
42

 
—

 
42

 
—

 
11

 
3

Total Real Estate Mortgage
7,502

 
3,310

 
4,203

 
7,513

 
648

 
10,340

 
435

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real Estate Construction and Development Loans
6,367

 
6,371

 
—

 
6,371

 
—

 
3,362

 
209

Agricultural Loans
32

 
32

 
—

 
32

 
—

 
37

 
9

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer Loans
695

 
655

 
45

 
700

 
3

 
209

 
37

Overdraft protection Lines
—

 
—

 
—

 
—

 
—

 
—

 
—

Overdrafts
—

 
—

 
—

 
—

 
—

 
—

 
—

Total Installment
695

 
655

 
45

 
700

 
3

 
209

 
37

Total Impaired Loans
$
16,013

 
$
11,559

 
$
4,478

 
$
16,037

 
$
715

 
$
15,045

 
$
794


(1) The recorded investment in loans includes accrued interest receivable of $24,000.
(2) Information is based on the twelve month period ended December 31, 2014.
Troubled Debt Restructuring Activity
The following tables illustrate TDR activity for the periods indicated (dollars in thousands):
 
Year ended December 31, 2016
 
Number of
Contracts
 
Pre-
Modification
Outstanding
Recorded
Investment
 
Post-
Modification
Outstanding
Recorded
Investment
 
Number of Contracts in Default
 
Recorded Investment on Defaulted TDRs
Troubled Debt Restructurings
 
 
 
 
 
 
 
 
 
Commercial and Business Loans
5

 
$
1,295

 
$
1,024

 
1

 
$
290

Government Program Loans
1

 
100

 
100

 
—

 
—

Commercial Real Estate Term Loans
—

 
—

 
—

 
—

 
—

Single Family Residential Loans
—

 
—

 
—

 
—

 
—

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
—

Real Estate Construction and Development Loans
1

 
1,246

 
1,246

 
—

 
—

Agricultural Loans
—

 
—

 
—

 
—

 
—

Consumer Loans
—

 
—

 
—

 
—

 
—

Overdraft protection Lines
—

 
—

 
—

 
—

 
—

Total Loans
7

 
$
2,641

 
$
2,370

 
1

 
$
290


 
Year ended December 31, 2015
 
Number of
Contracts
 
Pre-
Modification
Outstanding
Recorded
Investment
 
Post-
Modification
Outstanding
Recorded
Investment
 
Number of Contracts in Default
 
Recorded Investment on Defaulted TDRs
Troubled Debt Restructurings
 
 
 
 
 
 
 
 
 
Commercial and Business Loans
1

 
$
81

 
$
76

 
—

 
$
—

Government Program Loans
—

 
—

 
—

 
—

 
—

Commercial Real Estate Term Loans
—

 
—

 
—

 
—

 
—

Single Family Residential Loans
1

 
258

 
248

 
—

 
—

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
—

Real Estate Construction and Development Loans
1

 
6,446

 
6,446

 
—

 
—

Agricultural Loans
—

 
—

 
—

 
—

 
—

Consumer Loans
—

 
—

 
—

 
—

 
—

Overdraft protection Lines
—

 
—

 
—

 
—

 
—

Total Loans
3

 
$
6,785

 
$
6,770

 
—

 
$
—


 
December 31, 2014
 
Number of
Contracts
 
Pre-
Modification
Outstanding
Recorded
Investment
 
Post-
Modification
Outstanding
Recorded
Investment
 
Number of Contracts in Default
 
Recorded Investment on Defaulted TDRs
Troubled Debt Restructurings
 
 
 
 
 
 
 
 
 
Commercial and Business Loans
5

 
$
456

 
$
437

 
1

 
$
—

Government Program Loans
1

 
544

 
539

 
2

 
421

Commercial Real Estate Term Loans
2

 
1,948

 
1,362

 
—

 
—

Single Family Residential Loans
—

 
—

 
—

 
3

 
656

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
—

Real Estate Construction and Development Loans
2

 
5,665

 
5,548

 
2

 
394

Agricultural Loans
—

 
—

 
—

 
—

 
—

Consumer Loans
1

 
630

 
650

 
—

 
—

Overdraft protection Lines
—

 
—

 
—

 
—

 
—

Total Loans
11

 
$
9,243

 
$
8,536

 
8

 
$
1,471

The following tables summarize TDR activity by loan category for the years ended December 31, 2016, 2015, and 2014 (in thousands).
Twelve Months Ended December 31, 2016
Commercial and Industrial
 
Commercial Real Estate
 
Residential Mortgages
 
Home Equity
 
Real Estate Construction and Development
 
Agricultural
 
Installment
& Other
 
Total
Beginning balance
$
898

 
$
1,243

 
$
3,533

 
$
—

 
$
12,168

 
$
16

 
$
650

 
$
18,508

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Defaults
(290
)
 
—

 
—

 
—

 
—

 
—

 
—

 
(290
)
Additions
1,124

 
1,246

 
—

 
—

 
—

 
—

 
—

 
2,370

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal advances (reductions)
(376
)
 
(1,035
)
 
(1,165
)
 
—

 
(5,901
)
 
(16
)
 
315

 
(8,178
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,356

 
$
1,454

 
$
2,368

 
$
—

 
$
6,267

 
$
—

 
$
965

 
$
12,410

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan loss
$
104

 
$
453

 
$
157

 
$
—

 
$
—

 
$
—

 
$
—

 
$
714


Twelve Months Ended December 31, 2015
Commercial and Industrial
 
Commercial Real Estate
 
Residential Mortgages
 
Home Equity
 
Real Estate Construction and Development
 
Agricultural
 
Installment
& Other
 
Total
Beginning balance
$
1,306

 
$
2,713

 
$
4,225

 
$
—

 
$
6,029

 
$
32

 
$
695

 
$
15,000

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Defaults
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Additions
76

 
—

 
248

 
—

 
6,446

 
—

 
—

 
6,770

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal reductions
(484
)
 
(1,470
)
 
(940
)
 
—

 
(307
)
 
(16
)
 
(45
)
 
(3,262
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
898

 
$
1,243

 
$
3,533

 
$
—

 
$
12,168

 
$
16

 
$
650

 
$
18,508

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan loss
$
32

 
$
477

 
$
149

 
$
—

 
$
384

 
$
—

 
$
650

 
$
1,692



December 31, 2014
Commercial and Industrial
 
Commercial Real Estate
 
Residential Mortgages
 
Home Equity
 
Real Estate Construction and Development
 
Agricultural
 
Installment
& Other
 
Total
Beginning balance
$
675

 
$
1,468

 
$
5,273

 
$
—

 
1,551

 
$
44

 
$
48

 
$
9,059

 


 


 


 


 

 


 


 
 
Defaults
(421
)
 
—

 
(656
)
 
—

 
(394
)
 
—

 
—

 
(1,471
)
Additions
1,000

 
1,948

 
—

 
—

 
5,665

 
—

 
630

 
9,243

 


 


 


 


 

 


 


 
 
Principal reductions
52

 
(703
)
 
(392
)
 
—

 
(793
)
 
(12
)
 
17

 
(1,831
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,306

 
$
2,713

 
$
4,225

 
$
—

 
$
6,029

 
$
32

 
$
695

 
$
15,000

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan loss
$
64

 
$
478

 
$
170

 
$
—

 
$
—

 
$
—

 
$
3

 
$
715
Credit Risk Rating for Commercial, Construction and Non-consumer Related Loans
The following tables summarize the credit risk ratings for commercial, construction, and other non-consumer related loans for December 31, 2016 and 2015. The Company did not carry any loans graded as loss at December 31, 2016 or December 31, 2015.

 
Commercial and Industrial
 
Commercial RE
 
Real Estate Construction and Development
 
Agricultural
 
Total
December 31, 2016
 
 
 
 
(In thousands)
 
 
 
 
Grades 1 and 2
$
340

 
$
—

 
$
—

 
$
75

 
$
415

Grade 3
4,823

 
5,767

 
—

 
—

 
10,590

Grades 4 and 5 – pass
34,921

 
192,699

 
110,992

 
56,843

 
395,455

Grade 6 – special mention
4,416

 
621

 
928

 
—

 
5,965

Grade 7 – substandard
4,505

 
1,126

 
18,767

 
—

 
24,398

Grade 8 – doubtful
—

 
—

 
—

 
—

 
—

Total
$
49,005

 
$
200,213

 
$
130,687

 
$
56,918

 
$
436,823


 
Commercial and Industrial
 
Commercial RE
 
Real Estate Construction and Development
 
Agricultural
 
Total
December 31, 2015
 
 
 
 
(In thousands)
 
 
 
 
Grades 1and 2
$
519

 
$
—

 
$
—

 
$
50

 
$
569

Grade 3
5,008

 
5,964

 
—

 
—

 
10,972

Grades 4 and 5 – pass
44,341

 
173,731

 
103,607

 
52,087

 
373,766

Grade 6 – special mention
946

 
1,616

 
—

 
—

 
2,562

Grade 7 – substandard
5,012

 
1,243

 
26,989

 
—

 
33,244

Grade 8 – doubtful
—

 
—

 
—

 
—

 
—

Total
$
55,826

 
$
182,554

 
$
130,596

 
$
52,137

 
$
421,113
Credit Risk Ratings for Consumer Related Loans and Other Homogenous Loans
The following tables summarize the credit risk ratings for consumer related loans and other homogeneous loans for December 31, 2016 and 2015 (in thousands).

 
December 31, 2016
 
December 31, 2015
 
Residential Mortgages
 
Home
Improvement and Home Equity
 
Installment
 
Total
 
Residential Mortgages
 
Home
Improvement and Home Equity
 
Installment
 
Total
 
 
 
 
 
 
 
 
Not graded
$
69,955

 
$
573

 
$
41,855

 
$
112,383

 
$
47,135

 
$
839

 
$
23,213

 
$
71,187

Pass
15,669

 
26

 
2,120

 
17,815

 
19,466

 
28

 
664

 
20,158

Special Mention
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Substandard
1,764

 
—

 
9

 
1,773

 
2,210

 
—

 
650

 
2,860

Doubtful
—

 
—

 
965

 
965

 
—

 
—

 
—

 
—

Total
$
87,388

 
$
599

 
$
44,949

 
$
132,936

 
$
68,811

 
$
867

 
$
24,527

 
$
94,205
Allowance for Credit Loses by Loan Category
The following summarizes the activity in the allowance for credit losses by loan category for the years ended December 31, 2016, 2015, and 2014 (in thousands).
December 31, 2016
Commercial and Industrial
 
Real Estate Mortgage
 
Real Estate Construction and Development Loans
 
 Agricultural
 
Installment & Other
 
Commercial Lease Financing
 
 Unallocated
 
Total
 
 
 
 
 
 
 
 
Beginning balance
$
1,652

 
$
1,449

 
$
4,629

 
$
655

 
$
1,258

 
$
—

 
$
70

 
$
9,713

Provision (recovery of provision) for credit losses
980

 
(15
)
 
(1,281
)
 
32

 
(388
)
 
—

 
651

 
(21
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
(849
)
 
(29
)
 
—

 
(21
)
 
—

 
—

 
(24
)
 
(923
)
Recoveries
60

 
25

 
30

 
—

 
18

 
—

 
—

 
133

Net recoveries(charge-offs)
(789
)

(4
)

30


(21
)

18

 
—

 
(24
)
 
(790
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,843


$
1,430


$
3,378


$
666


$
888

 
$
—

 
$
697

 
$
8,902

Period-end amount allocated to:
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 

Loans individually evaluated for impairment
757

 
603

 
—

 
—

 
—

 
—

 
—

 
1,360

Loans collectively evaluated for impairment
1,086

 
827

 
3,378

 
666

 
888

 
—

 
697

 
7,542

Ending balance
$
1,843


$
1,430


$
3,378


$
666


$
888

 
$
—

 
$
697

 
$
8,902

 
December 31, 2015
Commercial and Industrial
 
Real Estate Mortgage
 
Real Estate Construction and Development Loans
 
 Agricultural
 
Installment & Other
 
Commercial Lease Financing
 
 Unallocated
 
Total
 
 
 
 
 
 
 
 
Beginning balance
$
1,218

 
$
1,653

 
$
6,278

 
$
482

 
$
293

 
$
—

 
$
847

 
$
10,771

Provision for credit losses
1,201

 
(369
)
 
(1,709
)
 
173

 
1,422

 
—

 
(759
)
 
(41
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
(1,397
)
 
—

 
—

 
—

 
(467
)
 
—

 
(22
)
 
(1,886
)
Recoveries
630

 
165

 
60

 
0

 
10

 
—

 
4

 
869

Net recoveries (charge-offs)
(767
)

165


60


0


(457
)
 
—

 
(18
)
 
(1,017
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,652


$
1,449


$
4,629


$
655


$
1,258

 
$
—

 
$
70

 
$
9,713

Period-end amount allocated to:
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 

Loans individually evaluated for impairment
530

 
635

 
1,282

 
—

 
650

 
—

 
—

 
3,097

Loans collectively evaluated for impairment
1,122

 
814

 
3,347

 
655

 
608

 
—

 
70

 
6,616

Ending balance
$
1,652


$
1,449


$
4,629


$
655


$
1,258

 
$
—

 
$
70

 
$
9,713


 
December 31, 2014
Commercial and Industrial
 
Real Estate Mortgage
 
Real Estate Construction and Development Loans
 
 Agricultural
 
Installment & Other
 
Commercial Lease Financing
 
 Unallocated
 
Total
 
 
 
 
 
 
 
 
Beginning balance
$
2,340

 
$
1,862

 
$
5,533

 
$
583

 
$
275

 
$
—

 
$
395

 
$
10,988

Provision for credit losses
(1,129
)
 
(89
)
 
97

 
(106
)
 
(40
)
 
(46
)
 
468

 
(845
)
 


 


 


 


 


 


 


 
 
Charge-offs
(318
)
 
(140
)
 
(60
)
 
—

 
—

 
—

 
(16
)
 
(534
)
Recoveries
325

 
20

 
708

 
5

 
58

 
46

 
—

 
1,162

Net recoveries (charge-offs)
7

 
(120
)
 
648

 
5

 
58

 
46

 
(16
)
 
628

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,218

 
$
1,653

 
$
6,278

 
$
482

 
$
293

 
$
—

 
$
847

 
$
10,771

Period-end amount allocated to:
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 

Loans individually evaluated for impairment
64

 
648

 
—

 
—

 
3

 
—

 
—

 
715

Loans collectively evaluated for impairment
1,154

 
1,005

 
6,278

 
482

 
290

 
—

 
847

 
10,056

Ending balance
$
1,218

 
$
1,653

 
$
6,278

 
$
482

 
$
293

 
$
—

 
$
847

 
$
10,771
Summarized Loan Balances
The following summarizes information with respect to the loan balances at December 31, 2016, 2015, and 2014.
 
December 31, 2016
 
Loans
Individually
Evaluated for Impairment
 
Loans
Collectively
Evaluated for Impairment
 
Total Loans
(In thousands)
 
 
Commercial and Business Loans
$
4,653

 
$
42,811


$
47,464

Government Program Loans
356

 
1,185


1,541

Total Commercial and Industrial
5,009


43,996


49,005

 
 
 
 
 
 
Commercial Real Estate Loans
1,456

 
198,757


200,213

Residential Mortgage Loans
2,475

 
84,913


87,388

Home Improvement and Home Equity Loans
—

 
599


599

Total Real Estate Mortgage
3,931


284,269


288,200

 
 
 
 
 
 
Real Estate Construction and Development Loans
6,274


124,413


130,687

 
 
 
 
 
 
Agricultural Loans
—


56,918


56,918

 
 
 
 
 
 
Installment Loans
965


43,984


44,949

Total Loans
$
16,179


$
553,580


$
569,759


 
 
December 31, 2015
 
Loans
Individually
Evaluated for Impairment
 
Loans
Collectively
Evaluated for Impairment
 
Total Loans
(In thousands)
 
 
Commercial and Business Loans
$
4,874

 
$
49,629

 
$
54,503

Government Program Loans
327

 
996

 
1,323

Total Commercial and Industrial
5,201

 
50,625


55,826

 
 
 
 
 
 
Commercial Real Estate Loans
1,243

 
181,311

 
182,554

Residential Mortgage Loans
4,050

 
64,761

 
68,811

Home Improvement and Home Equity Loans
—

 
867

 
867

Total Real Estate Mortgage
5,293

 
246,939


252,232

 
 
 
 
 
 
Real Estate Construction and Development Loans
12,519

 
118,077

 
130,596

 


 
 
 
 
Agricultural Loans
16

 
52,121

 
52,137

 


 
 
 
 
Installment Loans
650

 
23,877

 
24,527

Total Loans
$
23,679

 
$
491,639


$
515,318


 
December 31, 2014
 
Loans
Individually
Evaluated for Impairment
 
Loans
Collectively
Evaluated for Impairment
 
Total Loans
(In thousands)
 
 
Commercial and Business Loans
$
1,000

 
$
59,422

 
$
60,422

Government Program Loans
421

 
1,526

 
1,947

Total Commercial and Industrial
1,421

 
60,948

 
62,369

 
 
 
 
 
 
Commercial Real Estate Loans
3,145

 
151,527

 
154,672

Residential Mortgage Loans
4,326

 
54,769

 
59,095

Home Improvement and Home Equity Loans
42

 
1,068

 
1,110

Total Real Estate Mortgage
7,513

 
207,364


214,877

 
 
 
 
 
 
Real Estate Construction and Development Loans
6,371

 
130,787

 
137,158

 
 
 
 
 
 
Agricultural Loans
32

 
31,681

 
31,713

 
 
 
 
 
 
Installment Loans
700

 
11,102

 
11,802

Total Loans
$
16,037


$
441,882


$
457,919