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Loans (Tables)
 3 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
The following table presents the composition of loans segregated by legacy and purchased loans and by class of loans, as of March 31, 2020 and December 31, 2019. Purchased loans are defined as loans that were acquired in bank acquisitions.
March 31, 2020
(dollars in thousands)Legacy LoansPurchased LoansTotal
Construction, land and land development$86,268  $47,769  $134,037  
Other commercial real estate466,761  57,723  524,484  
Total commercial real estate553,029  105,492  658,521  
Residential real estate169,199  21,770  190,969  
Commercial, financial, & agricultural99,121  17,665  116,786  
Consumer and other19,303  3,447  22,750  
Total Loans$840,652  $148,374  $989,026  
December 31, 2019
(dollars in thousands)Legacy LoansPurchased LoansTotal
Construction, land and land development$83,036  $13,061  $96,097  
Other commercial real estate481,943  58,296  540,239  
Total commercial real estate564,979  71,357  636,336  
Residential real estate171,341  23,455  194,796  
Commercial, financial, & agricultural91,535  22,825  114,360  
Consumer and other19,245  4,077  23,322  
Total Loans$847,100  $121,714  $968,814  
Financing Receivable Credit Quality Indicators The following table presents the loan portfolio, excluding purchased loans, by credit quality indicator (risk grade) as of March 31, 2020 and December 31, 2019. Those loans with a risk grade of 1, 2, 3 or 4 have been combined in the pass column
for presentation purposes. For the period ending March 31, 2020 and December 31, 2019, the Company did not have any loans classified as “doubtful” or a “loss”.
(dollars in thousands)PassSpecial MentionSubstandardTotal Loans
March 31, 2020
Construction, land and land development$85,515  $431  $322  $86,268  
Other commercial real estate445,603  11,123  10,035  466,761  
Total commercial real estate531,118  11,554  10,357  553,029  
Residential real estate157,935  4,496  6,768  169,199  
Commercial, financial, & agricultural94,465  1,713  2,943  99,121  
Consumer and other18,927  178  198  19,303  
Total Loans$802,445  $17,941  $20,266  $840,652  
(dollars in thousands)
December 31, 2019
Construction, land and land development$82,322  $445  $269  $83,036  
Other commercial real estate459,064  13,438  9,441  481,943  
Total commercial real estate541,386  13,883  9,710  564,979  
Residential real estate159,194  4,632  7,515  171,341  
Commercial, financial, & agricultural86,558  1,973  3,004  91,535  
Consumer and other18,883  148  214  19,245  
Total Loans$806,021  $34,519  $20,443  $847,100  
The following table presents the purchased loan portfolio by credit quality indicator (risk grade) as of March 31, 2020 and December 31, 2019. Those loans with a risk grade of 1, 2, 3 or 4 have been combined in the pass column for presentation purposes. For the period ending March 31, 2020, the Company did not have any loans classified as “doubtful” or a “loss”.
(dollars in thousands)PassSpecial MentionSubstandardTotal Loans
March 31, 2020
Construction, land and land development$45,953  $1,698  $118  $47,769  
Other commercial real estate54,900  579  2,244  57,723  
Total commercial real estate100,853  2,277  2,362  105,492  
Residential real estate21,348  307  115  21,770  
Commercial, financial, & agricultural14,525  2,981  159  17,665  
Consumer and other3,256  —  191  3,447  
Total Loans$139,982  $5,565  $2,827  $148,374  
December 31, 2019
Construction, land and land development$12,996  $—  $65  $13,061  
Other commercial real estate57,881  381  34  58,296  
Total commercial real estate70,877  381  99  71,357  
Residential real estate23,097  249  109  23,455  
Commercial, financial, & agricultural19,443  2,949  433  22,825  
Consumer and other4,077  —  —  4,077  
Total Loans$117,494  $3,579  $641  $121,714  
Financing Receivable, Past Due
The following table represents an age analysis of past due loans and nonaccrual loans for legacy loans, segregated by class of loans, excluding purchased loans as of March 31, 2020 and December 31, 2019:
Accruing Loans
(dollars in thousands)30-89 Days
Past Due		90 Days
or More
Past Due		Total Accruing
Loans Past Due		Nonaccrual
Loans		Current LoansTotal Loans
March 31, 2020
Construction, land and land development$293  $—  $293  $81  $85,894  $86,268  
Other commercial real estate1,390  —  1,390  3,805  461,566  466,761  
Total commercial real estate1,683  —  1,683  3,886  547,460  553,029  
Residential real estate1,635  —  1,635  3,336  164,228  169,199  
Commercial, financial, & agricultural531  —  531  2,779  95,811  99,121  
Consumer and other113  —  113  129  19,061  19,303  
Total Loans$3,962  $—  $3,962  $10,130  $826,560  $840,652  
December 31, 2019
Construction, land and land development$50  $—  $50  $32  $82,954  $83,036  
Other commercial real estate335  —  335  3,738  477,870  481,943  
Total commercial real estate385  —  385  3,770  560,824  564,979  
Residential real estate1,296  —  1,296  3,643  166,402  171,341  
Commercial, financial, & agricultural212  —  212  1,628  89,695  91,535  
Consumer and other21  —  21  138  19,086  19,245  
Total Loans$1,914  $—  $1,914  $9,179  $836,007  $847,100  
The following table represents an age analysis of past due loans and nonaccrual loans, segregated by class of loans, for purchased loans as of March 31, 2020 and December 31, 2019:
Accruing Loans
(dollars in thousands)30-89 Days
Past Due		90 Days
or More
Past Due		Total Accruing
Loans Past Due		Nonaccrual
Loans		Current LoansTotal Loans
March 31, 2020
Construction, land and land development$679  $—  $679  $—  $47,090  $47,769  
Other commercial real estate—  —  —  —  57,723  57,723  
Total commercial real estate679  —  679  —  104,813  105,492  
Residential real estate—  —  —  —  21,770  21,770  
Commercial, financial, & agricultural—  —  —  —  17,665  17,665  
Consumer and other4  —  4  —  3,443  3,447  
Total Loans$683  $—  $683  $—  $147,691  $148,374  
December 31, 2019
Construction, land and land development$—  $—  $—  $—  $13,061  $13,061  
Other commercial real estate83  —  83  —  58,213  58,296  
Total commercial real estate83  —  83  —  71,274  71,357  
Residential real estate57  —  57  —  23,398  23,455  
Commercial, financial, & agricultural553  —  553  —  22,272  22,825  
Consumer and other8  —  8  —  4,069  4,077  
Total Loans$701  $—  $701  $—  $121,013  $121,714  
Impaired Financing Receivables
The following table details impaired loan data, including purchased credit impaired loans, as of March 31, 2020.
(dollars in thousands)
March 31, 2020Unpaid
Contractual
Principal
Balance		Impaired
Balance		Related
Allowance		Average
Recorded
Investment
With No Related Allowance Recorded
Construction, land and land development$66  $66  $—  $67  
Commercial real estate13,124  12,259  —  12,357  
Residential real estate2,477  2,465  —  2,586  
Commercial, financial & agriculture381  381  —  319  
Consumer & other—  —  —  —  
16,048  15,171  —  15,329  
With An Allowance Recorded
Construction, land and land development—  —  —  —  
Commercial real estate6,336  6,336  2,077  6,358  
Residential real estate525  525  99  641  
Commercial, financial & agriculture1,974  1,974  981  2,082  
Consumer & other—  —  —  —  
8,835  8,835  3,157  9,081  
Purchased Credit Impaired Loans
Construction, land and land development119  119  —  92  
Commercial real estate125  125  —  79  
Residential real estate18  18  12  15  
Commercial, financial & agriculture62  62  —  49  
Consumer & other191  191  88  95  
515  515  100  330  
Total
Construction, land and land development185  185  —  159  
Commercial real estate19,585  18,720  2,077  18,794  
Residential real estate3,020  3,008  111  3,242  
Commercial, financial & agriculture2,417  2,417  981  2,450  
Consumer & other191  191  88  95  
$25,398  $24,521  $3,257  $24,740  
The following table details impaired loan data as of December 31, 2019.
(dollars in thousands)
December 31, 2019Unpaid
Contractual
Principal
Balance		Impaired
Balance		Related
Allowance		Average
Recorded
Investment
With No Related Allowance Recorded
Construction, land and land development$67  $67  $—  $168  
Commercial real estate12,455  11,639  —  13,924  
Residential real estate2,706  2,711  —  3,693  
Commercial, financial & agriculture257  257  910  
Consumer & other—  —  —  123  
15,485  14,674  —  18,818  
With An Allowance Recorded
Construction, land and land development—  —  —  80  
Commercial real estate6,379  6,385  1,939  3,898  
Residential real estate757  760  137  367  
Commercial, financial & agriculture2,189  1,989  1,073  722  
Consumer & other—  —  —  —  
9,325  9,134  3,149  5,067  
Purchased Credit Impaired Loans
Construction, land and land development65  65  —  80  
Commercial real estate34  34  —  35  
Residential real estate11  11  6  24  
Commercial, financial & agriculture37  37  —  47  
Consumer & other—  —  —  —  
147  147  6  186  
Total
Construction, land and land development132  132  —  328  
Commercial real estate18,868  18,058  1,939  17,857  
Residential real estate3,474  3,482  143  4,084  
Commercial, financial & agriculture2,483  2,283  1,073  1,679  
Consumer & other—  —  —  123  
24,957  23,955  3,155  24,071  
Interest income recorded on impaired loans during the three months ended March 31, 2020 and 2019 was $50,000, and $43,000 reflects interest income recorded on nonaccrual loans prior to them being placed on nonaccrual status and interest income recorded on TDRs.