Loans (Tables)

9 Months Ended

Sep. 30, 2014

Loans [Abstract]

Loans segregated by class of loans

The following table presents the composition of loans segregated by class of loans, as of September 30, 2014 and December 31, 2013.

	September 30, 2014		December 31, 2013
Commercial and Agricultural
Commercial	$	46,481	$	48,107
Agricultural		23,017		10,666
Real Estate
Commercial Construction		50,455		52,739
Residential Construction		9,700		6,549
Commercial		327,498		341,783
Residential		204,313		206,258
Farmland		50,401		47,035
Consumer and Other
Consumer		23,448		25,676
Other		7,968		12,405
Total Loans	$	743,281	$	751,218

Loan portfolio by credit quality indicator (risk grade)

The following table presents the loan portfolio by credit quality indicator (risk grade) as of September 30, 2014 and December 31, 2013.  Those loans with a risk grade of 1, 2, 3 or 4 have been combined in the pass column for presentation purposes.

September 30, 2014
	Pass		Special Mention		Substandard		Total Loans
Commercial and Agricultural
Commercial	$	41,379	$	3,058	$	2,044	$	46,481
Agricultural		22,825		35		157		23,017
Real Estate
Commercial Construction		44,084		1,979		4,392		50,455
Residential Construction		9,591		109		-		9,700
Commercial		306,612		9,959		10,927		327,498
Residential		180,906		10,480		12,927		204,313
Farmland		48,428		475		1,498		50,401
Consumer and Other
Consumer		22,710		226		512		23,448
Other		7,764		-		204		7,968
Total Loans	$	684,299	$	26,321	$	32,661	$	743,281

December 31, 2013
	Pass		Special Mention		Substandard		Total Loans
Commercial and Agricultural
Commercial	$	41,759	$	2,770	$	3,578	$	48,107
Agricultural		10,638		17		11		10,666
Real Estate
Commercial Construction		42,669		1,512		8,558		52,739
Residential Construction		6,341		208		-		6,549
Commercial		317,567		10,760		13,456		341,783
Residential		182,977		13,524		9,757		206,258
Farmland		44,777		507		1,751		47,035
Consumer and Other
Consumer		24,609		320		747		25,676
Other		12,355		1		49		12,405
Total Loans	$	683,692	$	29,619	$	37,907	$	751,218

Age analysis of past due loans and nonaccrual loans, segregated by class of loans

The following table represents an age analysis of past due loans and nonaccrual loans, segregated by class of loans, as of September 30, 2014 and December 31, 2013:

September 30, 2014
	Accruing Loans
			90 Days
	30-89 Days		or More		Total Accruing		Nonaccrual
	Past Due		Past Due		Loans Past Due		Loans		Current Loans		Total Loans
Commercial and Agricultural
Commercial	$	457	$	-	$	457	$	492	$	45,532	$	46,481
Agricultural		19		-		19		45		22,953		23,017
Real Estate
Commercial Construction		500		-		500		3,239		46,716		50,455
Residential Construction		-		-		-		-		9,700		9,700
Commercial		3,230		-		3,230		3,473		320,795		327,498
Residential		7,585		-		7,585		4,563		192,165		204,313
Farmland		292		-		292		984		49,125		50,401
Consumer and Other
Consumer		476		7		483		173		22,792		23,448
Other		-		-		-		202		7,766		7,968
Total Loans	$	12,559	$	7	$	12,566	$	13,171	$	717,544	$	743,281

December 31, 2013
	Accruing Loans
			90 Days
	30-89 Days		or More		Total Accruing		Nonaccrual
	Past Due		Past Due		Loans Past Due		Loans		Current Loans		Total Loans
Commercial and Agricultural
Commercial	$	581	$	-	$	581	$	1,646	$	45,880	$	48,107
Agricultural		81		-		81		-		10,585		10,666
Real Estate
Commercial Construction		140		-		140		8,222		44,377		52,739
Residential Construction		-		-		-		-		6,549		6,549
Commercial		2,287		-		2,287		7,367		332,129		341,783
Residential		5,274		-		5,274		4,933		196,051		206,258
Farmland		351		-		351		1,630		45,054		47,035
Consumer and Other
Consumer		454		4		458		307		24,911		25,676
Other		198		-		198		9		12,198		12,405
Total Loans	$	9,366	$	4	$	9,370	$	24,114	$	717,734	$	751,218

Impaired loan data

The following table details impaired loan data as of September 30, 2014:

September 30, 2014
	Unpaid
	Contractual						Average		Interest			Interest
	Principal		Impaired		Related		Recorded		Income			Income
	Balance		Balance		Allowance		Investment		Recognized			Collected
With No Related Allowance Recorded
Commercial	$	394	$	394	$	-	$	803	$	6		$	14
Agricultural		50		45		-		53		(4	)		6
Commercial Construction		9,210		3,101		-		3,347		2			2
Residential Construction		-		-		-		-		-			-
Commercial Real Estate		17,346		16,656		-		19,058		427			445
Residential Real Estate		4,729		3,953		-		5,054		150			142
Farmland		1,330		984		-		782		(19	)		11
Consumer		181		173		-		215		7			10
Other		212		201		-		198		3			8
		33,452		25,507		-		29,510		572			638
With An Allowance Recorded
Commercial		99		99		99		527		-			-
Agricultural		-		-		-		-		-			-
Commercial Construction		210		139		59		1,993		-			-
Residential Construction		-		-		-		-		-			-
Commercial Real Estate		5,931		5,931		283		6,508		142			143
Residential Real Estate		4,106		3,349		605		1,751		66			70
Farmland		398		398		31		574		8			7
Consumer		-		-		-		-		-			-
Other		-		-		-		-		-			-
		10,744		9,916		1,077		11,353		216			220
Total
Commercial		493		493		99		1,330		6			14
Agricultural		50		45		-		53		(4	)		6
Commercial Construction		9,420		3,240		59		5,340		2			2
Residential Construction		-		-		-		-		-			-
Commercial Real Estate		23,277		22,587		283		25,566		569			588
Residential Real Estate		8,835		7,302		605		6,805		216			212
Farmland		1,728		1,382		31		1,356		(11	)		18
Consumer		181		173		-		215		7			10
Other		212		201		-		198		3			8
	$	44,196	$	35,423	$	1,077	$	40,863	$	788		$	858

The following table details impaired loan data as of December 31, 2013:

December 31, 2013
	Unpaid
	Contractual						Average		Interest		Interest
	Principal		Impaired		Related		Recorded		Income		Income
	Balance		Balance		Allowance		Investment		Recognized		Collected
With No Related Allowance Recorded
Commercial	$	305	$	305	$	-	$	216	$	24	$	25
Agricultural		-		-		-		10		-		-
Commercial Construction		7,856		4,750		-		4,106		35		41
Residential Construction		-		-		-		-		-		-
Commercial Real Estate		20,121		19,253		-		13,199		494		504
Residential Real Estate		7,837		6,362		-		4,564		224		209
Farmland		303		303		-		1,859		1		1
Consumer		313		307		-		253		18		21
Other		9		9		-		2		1		1
		36,744		31,289		-		24,209		797		802
With An Allowance Recorded
Commercial		1,453		1,453		434		1,689		15		21
Agricultural		-		-		-		-		-		-
Commercial Construction		5,923		3,472		830		5,025		-		-
Residential Construction		-		-		-		-		-		-
Commercial Real Estate		5,874		5,874		424		11,072		157		148
Residential Real Estate		1,949		1,849		526		3,662		26		24
Farmland		1,327		1,327		85		664		45		47
Consumer		-		-		-		-		-		-
Other		-		-		-		-		-		-
		16,526		13,975		2,299		22,112		243		240
Total
Commercial		1,758		1,758		434		1,905		39		46
Agricultural		-		-		-		10		-		-
Commercial Construction		13,779		8,222		830		9,131		35		41
Residential Construction		-		-		-		-		-		-
Commercial Real Estate		25,995		25,127		424		24,271		651		652
Residential Real Estate		9,786		8,211		526		8,226		250		233
Farmland		1,630		1,630		85		2,523		46		48
Consumer		313		307		-		253		18		21
Other		9		9		-		2		1		1
	$	53,270	$	45,264	$	2,299	$	46,321	$	1,040	$	1,042

The following table details impaired loan data as of September 30, 2013:

September 30, 2013
	Unpaid
	Contractual						Average		Interest		Interest
	Principal		Impaired		Related		Recorded		Income		Income
	Balance		Balance		Allowance		Investment		Recognized		Collected
With No Related Allowance Recorded
Commercial	$	266	$	265	$	-	$	98	$	11	$	14
Agricultural		-		-		-		13		-		-
Commercial Construction		8,335		5,010		-		2,220		17		23
Residential Construction		-		-		-		-		-		-
Commercial Real Estate		8,559		8,064		-		8,493		95		113
Residential Real Estate		7,378		5,830		-		2,022		157		152
Farmland		2,277		2,277		-		1,618		-		-
Consumer		295		281		-		141		12		14
Other		-		-		-		-		-		-
		27,110		21,727		-		14,605		292		316
With An Allowance Recorded
Commercial		1,465		1,465		108		1,280		14		19
Agricultural		-		-		-		-		-		-
Commercial Construction		5,924		3,473		573		4,386		-		-
Residential Construction		-		-		-		-		-		-
Commercial Real Estate		15,061		15,061		1,559		7,785		287		285
Residential Real Estate		2,804		2,804		774		3,331		65		64
Farmland		1,329		1,329		202		-		44		47
Consumer		-		-		-		-		-		-
Other		-		-		-		-		-		-
		26,583		24,132		3,216		16,782		410		415
Total
Commercial		1,731		1,730		108		1,378		25		33
Agricultural		-		-		-		13		-		-
Commercial Construction		14,259		8,483		573		6,606		17		23
Residential Construction		-		-		-		-		-		-
Commercial Real Estate		23,620		23,125		1,559		16,278		382		398
Residential Real Estate		10,182		8,634		774		5,353		222		216
Farmland		3,606		3,606		202		1,618		44		47
Consumer		295		281		-		141		12		14
Other		-		-		-		-		-		-
	$	53,693	$	45,859	$	3,216	$	31,387	$	702	$	731

Loans modified in troubled debt restructuring

Loans modified in a troubled debt restructuring are considered to be in default once the loan becomes 90 days past due.

	Three Months Ended September 30, 2014						Nine Months Ended September 30, 2014
Troubled Debt Restructurings
	# of Contracts		Pre-Modification		Post-Modification		# of Contracts		Pre-Modification		Post-Modification
Commercial Real Estate		-	$	-	$	-		2	$	1,771	$	1,775
Residential Real Estate		-		-		-		1		49		49
Farmland		-		-		-		1		401		401
Total Loans		-	$	-	$	-		4	$	2,221	$	2,225

	Three Months Ended September 30, 2013						Nine Months Ended September 30, 2013
Troubled Debt Restructurings
	# of Contracts		Pre-Modification		Post-Modification		# of Contracts		Pre-Modification		Post-Modification
Commercial Construction		-	$	-	$	-		2		229		226
Commercial Real Estate		-		-		-		1		226		226
Residential Real Estate		-		-		-		2		1,025		1,001
Total Loans		-	$	-	$	-		5	$	1,480	$	1,453