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Loans (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2020 and December 31, 2019. Purchased loans are defined as loans that were acquired in bank acquisitions.
June 30, 2020
(dollars in thousands)Legacy LoansPurchased LoansTotal
Construction, land and land development$104,153  $27,644  $131,797  
Other commercial real estate466,773  51,368  518,141  
Total commercial real estate570,926  79,012  649,938  
Residential real estate160,418  27,921  188,339  
Commercial, financial, & agricultural235,862  15,053  250,915  
Consumer and other21,508  3,277  24,785  
Total Loans$988,714  $125,263  $1,113,977  
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 June 30, 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.
(dollars in thousands)PassSpecial MentionSubstandardTotal Loans
June 30, 2020
Construction, land and land development$94,837  $9,054  $262  $104,153  
Other commercial real estate443,380  11,986  11,407  466,773  
Total commercial real estate538,217  21,040  11,669  570,926  
Residential real estate149,085  4,463  6,870  160,418  
Commercial, financial, & agricultural231,187  2,649  2,026  235,862  
Consumer and other21,169  166  173  21,508  
Total Loans$939,658  $28,318  $20,738  $988,714  
(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  $20,636  $20,443  $847,100  
The following table presents the purchased loan portfolio by credit quality indicator (risk grade) as of June 30, 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 June 30, 2020, the Company did not have any loans classified as “doubtful” or a “loss”.
(dollars in thousands)PassSpecial MentionSubstandardTotal Loans
June 30, 2020
Construction, land and land development$26,951  $611  $82  $27,644  
Other commercial real estate50,956  376  36  51,368  
Total commercial real estate77,907  987  118  79,012  
Residential real estate27,563  267  91  27,921  
Commercial, financial, & agricultural12,136  2,875  42  15,053  
Consumer and other3,189  —  88  3,277  
Total Loans$120,795  $4,129  $339  $125,263  
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 presents the aging of the amortized cost basis in legacy loans by aging category and accrual status as of June 30, 2020 and December 31, 2019:
(dollars in thousands)30-89 Days
Past Due		90 Days
or More
Past Due		Total Accruing
Loans Past Due		Nonaccrual
Loans		Current LoansTotal Loans
June 30, 2020
Construction, land and land development$27  $—  $27  $27  $104,099  $104,153  
Other commercial real estate1,392  —  1,392  5,645  459,736  466,773  
Total commercial real estate1,419  —  1,419  5,672  563,835  570,926  
Residential real estate1,117  —  1,117  3,446  155,855  160,418  
Commercial, financial, & agricultural471  —  471  1,841  233,550  235,862  
Consumer and other85  —  85  115  21,308  21,508  
Total Loans$3,092  $—  $3,092  $11,074  $974,548  $988,714  
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  
as of June 30, 2020 and December 31, 2019:
(dollars in thousands)30-89 Days
Past Due		90 Days
or More
Past Due		Total Accruing
Loans Past Due		Nonaccrual
Loans		Current LoansTotal Loans
June 30, 2020
Construction, land and land development$121  $—  $121  $160  $27,363  $27,644  
Other commercial real estate—  —  —  51,368  51,368  
Total commercial real estate121  —  121  160  78,731  79,012  
Residential real estate102  —  102  103  27,716  27,921  
Commercial, financial, & agricultural—  —  —  34  15,019  15,053  
Consumer and other7  —  7  88  3,182  3,277  
Total Loans$230  $—  $230  $385  $124,648  $125,263  
December 31, 2019
Construction, land and land development$—  $—  $—  $—  $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 June 30, 2020.
June 30, 2020
(dollars in thousands)Unpaid
Contractual
Principal
Balance		Impaired
Balance		Related
Allowance		Average
Recorded
Investment
With No Related Allowance Recorded
Construction, land and land development$66  $66  $—  $66  
Commercial real estate12,777  12,012  —  11,826  
Residential real estate2,466  2,461  2,586  
Commercial, financial & agriculture289  289  —  273  
Consumer & other—  —  —  —  
15,598  14,828  —  14,751  
With An Allowance Recorded
Construction, land and land development—  —  —  —  
Commercial real estate8,379  8,285  2,022  7,335  
Residential real estate519  520  115  640  
Commercial, financial & agriculture752  749  702  1,369  
Consumer & other—  —  —  —  
9,650  9,554  2,839  9,344  
Purchased Credit Impaired Loans
Construction, land and land development118  82  —  74  
Commercial real estate123  36  —  35  
Residential real estate18  11  10  8  
Commercial, financial & agriculture61  42  —  39  
Consumer & other188  86  85  85  
508  257  95  241  
Total
Construction, land and land development184  148  —  140  
Commercial real estate21,279  20,333  2,022  19,196  
Residential real estate3,003  2,992  125  3,234  
Commercial, financial & agriculture1,102  1,080  702  1,681  
Consumer & other188  86  85  85  
$25,756  $24,639  $2,934  $24,336  
The following table details impaired loan data as of December 31, 2019.
December 31, 2019
(dollars in thousands)Unpaid
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 June 30, 2020 and 2019 were $104,000 and $274,000, respectively and during the six months ended June 30, 2020 and 2019 were $154,000 and $477,000, respectively.
Troubled Debt Restructings