Loans (Tables)

3 Months Ended

Mar. 31, 2015

Loans [Abstract]

Loans segregated by class of loans

The following table presents the composition of loans segregated by class of loans, as of March 31, 2015 and December 31, 2014.

	March 31, 2015		December 31, 2014
Commercial and Agricultural
Commercial	$	51,774	$	50,960
Agricultural		19,188		16,689
Real Estate
Commercial Constuction		48,611		51,259
Residential Construction		10,030		11,221
Commercial		341,845		332,231
Residential		202,878		203,753
Farmland		51,572		49,951
Consumer and Other
Consumer		21,705		22,820
Other		6,031		7,210
Total Loans	$	753,634	$	746,094

Loan portfolio by credit quality indicator (risk grade)

The following table presents the loan portfolio by credit quality indicator (risk grade) as of March 31, 2015 and December 31, 2014.  Those loans with a risk grade of 1, 2, 3 or 4 have been combined in the pass column for presentation purposes.

March 31, 2015
	Pass		Special Mention		Substandard		Total Loans
Commercial and Agricultural
Commercial	$	47,730	$	2,329	$	1,715	$	51,774
Agricultural		19,005		27		156		19,188
Real Estate
Commercial Construction		42,481		1,665		4,465		48,611
Residential Construction		10,030		-		-		10,030
Commercial		322,579		9,198		10,068		341,845
Residential		182,105		10,838		9,935		202,878
Farmland		49,247		767		1,558		51,572
Consumer and Other
Consumer		21,049		203		453		21,705
Other		5,835		2		194		6,031
Total Loans	$	700,061	$	25,029	$	28,544	$	753,634

December 31, 2014
	Pass		Special Mention		Substandard		Total Loans
Commercial and Agricultural
Commercial	$	46,230	$	2,905	$	1,825	$	50,960
Agricultural		16,504		27		158		16,689
Real Estate
Commercial Construction		45,063		1,741		4,455		51,259
Residential Construction		11,221		-		-		11,221
Commercial		309,828		11,220		11,183		332,231
Residential		180,550		10,582		12,621		203,753
Farmland		47,548		415		1,988		49,951
Consumer and Other
Consumer		22,115		249		456		22,820
Other		7,013		-		197		7,210
Total Loans	$	686,072	$	27,139	$	32,883	$	746,094

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 March 31, 2015 and December 31, 2014:

March 31, 2015
	Accruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Total Accruing Loans Past Due		Nonaccrual Loans		Current Loans		Total Loans
Commercial and Agricultural
Commercial	$	484	$	-	$	484	$	558	$	50,732	$	51,774
Agricultural		77		-		77		156		18,955		19,188
Real Estate
Commercial Construction		383		-		383		3,223		45,005		48,611
Residential Construction		105		-		105		-		9,925		10,030
Commercial		1,754		-		1,754		5,018		335,073		341,845
Residential		4,025		-		4,025		4,021		194,832		202,878
Farmland		446		-		446		1,417		49,709		51,572
Consumer and Other
Consumer		343		8		351		192		21,162		21,705
Other		35		-		35		194		5,802		6,031
Total Loans	$	7,652	$	8	$	7,660	$	14,779	$	731,195	$	753,634

December 31, 2014
	Accruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Total Accruing Loans Past Due		Nonaccrual Loans		Current Loans		Total Loans
Commercial and Agricultural
Commercial	$	872	$	-	$	872	$	405	$	49,683	$	50,960
Agricultural		-		-		-		45		16,644		16,689
Real Estate
Commercial Construction		142		-		142		3,251		47,866		51,259
Residential Construction		-		-		-		-		11,221		11,221
Commercial		2,309		-		2,309		5,325		324,597		332,231
Residential		5,783		-		5,783		7,462		190,508		203,753
Farmland		282		-		282		1,449		48,220		49,951
Consumer and Other
Consumer		313		7		320		202		22,298		22,820
Other		-		-		-		195		7,015		7,210
Total Loans	$	9,701	$	7	$	9,708	$	18,334	$	718,052	$	746,094

Impaired loan data

The following table details impaired loan data as of March 31, 2015:

March 31, 2015	Unpaid Contractual Principal Balance		Impaired Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized			Interest Income Collected
With No Related Allowance Recorded
Commercial	$	492	$	464	$	-	$	464	$	(7	)	$	5
Agricultural		174		156		-		156		(10	)		10
Commercial Construction		9,537		3,428		-		3,428		6			7
Residential Construction		-		-		-		-		-			-
Commercial Real Estate		17,531		17,037		-		17,037		157			163
Residential Real Estate		6,141		5,195		-		5,195		42			47
Farmland		1,419		1,417		-		1,417		3			3
Consumer		200		192		-		192		1			4
Other		205		194		-		194		2			2
		35,699		28,083		-		28,083		194			241
With An Allowance Recorded
Commercial		94		94		94		94		-			-
Agricultural		-		-		-		-		-			-
Commercial Construction		206		134		49		134		-			-
Residential Construction		-		-		-		-		-			-
Commercial Real Estate		5,463		5,463		209		5,463		45			45
Residential Real Estate		1,209		1,103		330		1,103		13			6
Farmland		394		394		53		394		5			5
Consumer		-		-		-		-		-			-
Other		-		-		-		-		-			-
		7,366		7,188		735		7,188		63			56
Total
Commercial		586		558		94		558		(7	)		5
Agricultural		174		156		-		156		(10	)		10
Commercial Construction		9,743		3,562		49		3,562		6			7
Residential Construction		-		-		-		-		-			-
Commercial Real Estate		22,994		22,500		209		22,500		202			208
Residential Real Estate		7,350		6,298		330		6,298		55			53
Farmland		1,813		1,811		53		1,811		8			8
Consumer		200		192		-		192		1			4
Other		205		194		-		194		2			2
	$	43,065	$	35,271	$	735	$	35,271	$	257		$	297

The following table details impaired loan data as of December 31, 2014:

December 31, 2014	Unpaid Contractual Principal Balance		Impaired Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized			Interest Income Collected
With No Related Allowance Recorded
Commercial	$	310	$	308	$	-	$	679	$	9		$	18
Agricultural		50		45		-		51		(6	)		3
Commercial Construction		9,573		3,464		-		3,376		13			13
Commercial Real Estate		17,130		16,228		-		18,350		462			474
Residential Real Estate		9,137		7,600		-		5,691		312			306
Farmland		1,451		1,449		-		949		(8	)		18
Consumer		202		202		-		212		14			16
Other		207		195		-		197		6			11
		38,060		29,491		-		29,505		802			859
With An Allowance Recorded
Commercial		97		97		97		420		-			-
Agricultural		-		-		-		-		-			-
Commercial Construction		207		136		54		1,529		-			-
Commercial Real Estate		6,135		6,135		457		6,415		61			51
Residential Real Estate		2,073		2,065		414		1,829		84			87
Farmland		396		396		29		529		13			12
Consumer		-		-		-		-		-			-
Other		-		-		-		-		-			-
		8,908		8,829		1,051		10,722		158			150
Total
Commercial		407		405		97		1,099		9			18
Agricultural		50		45		-		51		(6	)		3
Commercial Construction		9,780		3,600		54		4,905		13			13
Commercial Real Estate		23,265		22,363		457		24,765		523			525
Residential Real Estate		11,210		9,665		414		7,520		396			393
Farmland		1,847		1,845		29		1,478		5			30
Consumer		202		202		-		212		14			16
Other		207		195		-		197		6			11
	$	46,968	$	38,320	$	1,051	$	40,227	$	960		$	1,009

The following table details impaired loan data as of March 31, 2014:

March 31, 2014	Unpaid Contractual Principal Balance		Impaired Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized			Interest Income Collected
With No Related Allowance Recorded
Commercial	$	599	$	599	$	-	$	599	$	5		$	13
Agricultural		56		51		-		51		(9	)		-
Commercial Construction		7,460		4,354		-		4,354		8			8
Residential Construction		-		-		-		-		-			-
Commercial Real Estate		21,196		20,686		-		20,686		130			132
Residential Real Estate		7,113		5,642		-		5,642		46			46
Farmland		349		348		-		348		(2	)		1
Consumer		256		251		-		251		4			5
Other		203		203		-		203		2			2
		37,232		32,134		-		32,134		184			207
With An Allowance Recorded
Commercial		1,380		1,380		423		1,380		-			-
Agricultural		-		-		-		-		-			-
Commercial Construction		5,922		3,470		1,548		3,470		-			-
Residential Construction		-		-		-		-		-			-
Commercial Real Estate		6,466		6,109		407		6,109		46			46
Residential Real Estate		962		954		289		954		11			15
Farmland		1,324		1,324		233		1,324		-			-
Consumer		-		-		-		-		-			-
Other		-		-		-		-		-			-
		16,054		13,237		2,900		13,237		57			61
Total
Commercial		1,979		1,979		423		1,979		5			13
Agricultural		56		51		-		51		(9	)		-
Commercial Construction		13,382		7,824		1,548		7,824		8			8
Residential Construction		-		-		-		-		-			-
Commercial Real Estate		27,662		26,795		407		26,795		176			178
Residential Real Estate		8,075		6,596		289		6,596		57			61
Farmland		1,673		1,672		233		1,672		(2	)		1
Consumer		256		251		-		251		4			5
Other		203		203		-		203		2			2
	$	53,286	$	45,371	$	2,900	$	45,371	$	241		$	268

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 March 31, 2015
Troubled Debt Restructurings
	# of Contracts		Pre-Modification		Post-Modification
Residential Real Estate		1	$	881	$	897
Total Loans		1	$	881	$	897

	Three Months Ended March 31, 2014
Troubled Debt Restructurings
	# of Contracts		Pre-Modification		Post-Modification
Commercial Real Estate		2	$	1,771	$	1,775
Total Loans		2	$	1,771	$	1,775

The company did not have any TDRs that subsequently defaulted for the three months ended March 31, 2015.