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Allowance For Loan Losses
 12 Months Ended
Dec. 31, 2014
Allowance For Loan Losses [Abstract]  
Allowance For Loan Losses

 

NOTE 7ALLOWANCE FOR LOAN LOSSES:

 

The following table details activity in the allowance for loan losses by portfolio segment for the period ended December 31, 2014.  Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2014

(Dollars are in thousands)

 

Beginning

Balance

 

Charge

Offs

 

 

Recoveries

 

 

Advances

 

 

Provisions

 

Ending Balance

Real estate secured:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
5,203 

$
(2,190)

$
427 

$

-

$
978 

$
4,418 

Construction and land development

 
1,184 

 
(292)

 
236 

 

-

 
(929)

 
199 

Residential 1-4 family

 
3,316 

 
(1,063)

 
148 

 

-

 
171 

 
2,572 

Multifamily

 
133 

 
(41)

 

-

 

-

 
62 

 
154 

Farmland

 
1,224 

 
(830)

 
520 

 

-

 
(1)

 
913 

Total real estate loans

 
11,060 

 
(4,416)

 
1,331 

 

-

 
281 

 
8,256 

Commercial

 
1,147 

 
(47)

 
29 

 

-

 
(672)

 
457 

Agriculture

 
337 

 
(17)

 
1 

 

-

 
(196)

 
125 

Consumer installment loans

 
153 

 
(79)

 
40 

 

-

 
57 

 
171 

All other loans

 
2 

 

-

 

-

 

-

 
(1)

 
1 

Unallocated

 
381 

 

-

 

-

 

-

 
531 

 
912 

Total

$
13,080 

$
(4,559)

$
1,401 

$

-

$

-

$
9,922 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for Loan Losses

 

Recorded Investment in Loans

 

 

As of December 31, 2014

(Dollars are in thousands)

 

Individually

Evaluated

for Impairment

 

Collectively Evaluated for Impairment

 

 

 

 

Total

 

Individually

Evaluated for Impairment

 

Collectively Evaluated for Impairment

 

 

 

 

Total

Real estate secured:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
1,482 

$
2,936 

$
4,418 

$
8,503 

$
99,559 

$
108,062 

Construction and land

 development

 
88 

 
111 

 
199 

 
318 

 
15,121 

 
15,439 

Residential 1-4 family

 
347 

 
2,225 

 
2,572 

 
5,818 

 
237,720 

 
243,538 

Multifamily

 
15 

 
139 

 
154 

 
551 

 
13,858 

 
14,409 

Farmland

 
343 

 
570 

 
913 

 
6,871 

 
18,381 

 
25,252 

Total real estate loans

 
2,275 

 
5,981 

 
8,256 

 
22,061 

 
384,639 

 
406,700 

Commercial

 
26 

 
431 

 
457 

 
622 

 
21,185 

 
21,807 

Agriculture

 
30 

 
95 

 
125 

 
82 

 
3,035 

 
3,117 

Consumer installment loans

 

-

 
171 

 
171 

 
15 

 
25,813 

 
25,828 

All other loans

 

-

 
1 

 
1 

 

-

 
97 

 
97 

Unallocated

 

-

 
912 

 
912 

 

-

 

-

 

-

Total

$
2,331 

$
7,591 

$
9,922 

$
22,780 

$
434,769 

$
457,549 

 

 

 

The following table details activity in the allowance for loan losses by portfolio segment for the period 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 categories.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2013

(Dollars are in thousands)

 

Beginning

Balance

 

Charge

Offs

 

 

Recoveries

 

 

Advances

 

 

Provisions

 

Ending Balance

Real estate secured:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
6,720 

$
(2,811)

$
439 

$

-

$
855 

$
5,203 

Construction and land development

 
2,166 

 
(312)

 
452 

 

-

 
(1,122)

 
1,184 

Residential 1-4 family

 
3,050 

 
(1,143)

 
576 

 

-

 
833 

 
3,316 

Multifamily

 
552 

 

-

 

-

 

-

 
(419)

 
133 

Farmland

 
1,074 

 
(749)

 
68 

 

-

 
831 

 
1,224 

Total real estate loans

 
13,562 

 
(5,015)

 
1,535 

 

-

 
978 

 
11,060 

Commercial

 
1,772 

 
(513)

 
50 

 

-

 
(162)

 
1,147 

Agriculture

 
533 

 
(363)

 
51 

 

-

 
116 

 
337 

Consumer installment loans

 
388 

 
(153)

 
128 

 

-

 
(210)

 
153 

All other loans

 
4 

 

-

 

-

 

-

 
(2)

 
2 

Unallocated

 
551 

 

-

 

-

 

-

 
(170)

 
381 

Total

$
16,810 

$
(6,044)

$
1,764 

$

-

$
550 

$
13,080 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for Loan Losses

 

Recorded Investment in Loans

 

As of December 31, 2013

(Dollars are in thousands)

 

Individually

Evaluated

for Impairment

 

Collectively Evaluated for Impairment

 

 

 

 

Total

 

Individually

Evaluated for Impairment

 

Collectively Evaluated for Impairment

 

 

 

 

Total

Real estate secured:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
1,942 

$
3,261 

$
5,203 

$
21,899 

$
104,275 

$
126,174 

Construction and land

 development

 
138 

 
1,046 

 
1,184 

 
890 

 
21,531 

 
22,421 

Residential 1-4 family

 
1,180 

 
2,136 

 
3,316 

 
8,015 

 
241,172 

 
249,187 

Multifamily

 
39 

 
94 

 
133 

 
594 

 
10,888 

 
11,482 

Farmland

 
653 

 
571 

 
1,224 

 
8,642 

 
20,250 

 
28,892 

Total real estate loans

 
3,952 

 
7,108 

 
11,060 

 
40,040 

 
398,116 

 
438,156 

Commercial

 
208 

 
939 

 
1,147 

 
987 

 
23,968 

 
24,955 

Agriculture

 
43 

 
294 

 
337 

 
115 

 
3,603 

 
3,718 

Consumer installment loans

 
3 

 
150 

 
153 

 
34 

 
26,021 

 
26,055 

All other loans

 

-

 
2 

 
2 

 

-

 
139 

 
139 

Unallocated

 

-

 
381 

 
381 

 

-

 

-

 

-

Total

$
4,206 

$
8,874 

$
13,080 

$
41,176 

$
451,847 

$
493,023 

 

 

In determining the amount of our allowance, we rely on an analysis of our loan portfolio, our experience and our evaluation of general economic conditions, as well as the requirements of the written agreement and other regulatory input.  If our assumptions prove to be incorrect, our current allowance may not be sufficient to cover future loan losses and we may experience significant increases to our provision.