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.
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As of December 31, 2014
(Dollars are in thousands)
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Beginning
Balance
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Charge
Offs
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Recoveries
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Advances
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Provisions
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Ending Balance
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Real estate secured:
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Commercial
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$
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5,203
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$
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(2,190)
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$
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427
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$
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-
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$
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978
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$
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4,418
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Construction and land development
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1,184
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(292)
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236
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-
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(929)
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199
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Residential 1-4 family
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3,316
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(1,063)
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148
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-
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171
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2,572
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Multifamily
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133
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(41)
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-
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-
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62
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154
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Farmland
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1,224
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(830)
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520
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-
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(1)
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913
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Total real estate loans
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11,060
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(4,416)
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1,331
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-
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281
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8,256
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Commercial
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1,147
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(47)
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29
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-
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(672)
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457
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Agriculture
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337
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(17)
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1
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-
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(196)
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125
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Consumer installment loans
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153
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(79)
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40
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-
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57
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171
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All other loans
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2
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-
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-
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-
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(1)
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1
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Unallocated
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381
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-
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-
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-
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531
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912
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Total
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$
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13,080
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$
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(4,559)
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$
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1,401
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$
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-
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$
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-
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$
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9,922
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Allowance for Loan Losses
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Recorded Investment in Loans
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As of December 31, 2014
(Dollars are in thousands)
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Individually
Evaluated
for Impairment
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Collectively Evaluated for Impairment
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Total
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Individually
Evaluated for Impairment
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Collectively Evaluated for Impairment
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Total
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Real estate secured:
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Commercial
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$
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1,482
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$
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2,936
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$
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4,418
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$
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8,503
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$
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99,559
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$
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108,062
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Construction and land
development
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88
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111
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199
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318
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15,121
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15,439
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Residential 1-4 family
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347
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2,225
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2,572
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5,818
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237,720
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243,538
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Multifamily
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15
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139
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154
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551
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13,858
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14,409
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Farmland
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343
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570
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913
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6,871
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18,381
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25,252
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Total real estate loans
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2,275
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5,981
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8,256
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22,061
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384,639
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406,700
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Commercial
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26
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431
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457
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622
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21,185
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21,807
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Agriculture
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30
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95
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125
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82
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3,035
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3,117
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Consumer installment loans
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-
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171
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171
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15
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25,813
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25,828
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All other loans
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-
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1
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1
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-
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97
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97
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Unallocated
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-
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912
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912
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-
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-
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-
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Total
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$
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2,331
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$
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7,591
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$
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9,922
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$
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22,780
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$
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434,769
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$
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457,549
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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.
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As of December 31, 2013
(Dollars are in thousands)
|
|
Beginning
Balance
|
|
Charge
Offs
|
|
Recoveries
|
|
Advances
|
|
Provisions
|
|
Ending Balance
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Real estate secured:
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Commercial
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$
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6,720
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$
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(2,811)
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$
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439
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$
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-
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$
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855
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$
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5,203
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Construction and land development
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2,166
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(312)
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452
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-
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(1,122)
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1,184
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Residential 1-4 family
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3,050
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(1,143)
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576
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-
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833
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3,316
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Multifamily
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552
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-
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-
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-
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(419)
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133
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Farmland
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1,074
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(749)
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68
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-
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831
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1,224
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Total real estate loans
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13,562
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(5,015)
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1,535
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-
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978
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11,060
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Commercial
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1,772
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(513)
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50
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-
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(162)
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1,147
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Agriculture
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533
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(363)
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51
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-
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116
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337
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Consumer installment loans
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388
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(153)
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128
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-
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(210)
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153
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All other loans
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4
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-
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-
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-
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(2)
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2
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Unallocated
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551
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-
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-
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-
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(170)
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381
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Total
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$
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16,810
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$
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(6,044)
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$
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1,764
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$
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-
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$
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550
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$
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13,080
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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
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Total
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Individually
Evaluated for Impairment
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Collectively Evaluated for Impairment
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Total
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Real estate secured:
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Commercial
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$
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1,942
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$
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3,261
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$
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5,203
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$
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21,899
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$
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104,275
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$
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126,174
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Construction and land
development
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138
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1,046
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1,184
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890
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21,531
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22,421
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Residential 1-4 family
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1,180
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2,136
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3,316
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8,015
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241,172
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249,187
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Multifamily
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39
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94
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133
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594
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10,888
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11,482
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Farmland
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653
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571
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1,224
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8,642
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20,250
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28,892
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Total real estate loans
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3,952
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7,108
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11,060
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40,040
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398,116
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438,156
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Commercial
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208
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|
939
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1,147
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|
987
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23,968
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24,955
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Agriculture
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43
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294
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|
337
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|
115
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3,603
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|
3,718
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Consumer installment loans
|
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3
|
|
150
|
|
153
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34
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26,021
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26,055
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All other loans
|
|
-
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|
2
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|
2
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-
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|
139
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|
139
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Unallocated
|
|
-
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|
381
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|
381
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|
-
|
|
-
|
|
-
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Total
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$
|
4,206
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$
|
8,874
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$
|
13,080
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$
|
41,176
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$
|
451,847
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$
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493,023
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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.
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