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Allowance for Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2017
Allowance for Loan and Lease Losses Write-offs, Net [Abstract]  
Schedule of allowances for loan losses by portfolio segment
The following table presents the activity of the allowance for loan losses by portfolio segment for the three months
ended June 30. 
Allowance for Loan Losses:
 
June 30, 2017
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Beginning balance
 
$
9,377

 
$
1,496

 
$
6,334

 
$
2,188

 
$
19,395

Provision for loan losses
 
917

 
(231
)
 
817

 
(463
)
 
1,040

Loans charged -off
 
(360
)
 
(203
)
 
(1,527
)
 
—

 
(2,090
)
Recoveries
 
289

 
452

 
594

 
—

 
1,335

Ending Balance
 
$
10,223

 
$
1,514

 
$
6,218

 
$
1,725

 
$
19,680



Allowance for Loan Losses:
 
June 30, 2016
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Beginning balance
 
$
11,168

 
$
1,769

 
$
5,106

 
$
1,883

 
$
19,926

Provision for loan losses
 
(816
)
 
(22
)
 
749

 
524

 
435

Loans charged -off
 
(555
)
 
(232
)
 
(1,055
)
 
—

 
(1,842
)
Recoveries
 
447

 
80

 
458

 
—

 
985

Ending Balance
 
$
10,244

 
$
1,595

 
$
5,258

 
$
2,407

 
$
19,504
Allocation of the allowance for loan losses by portfolio segment based on the impairment method
The following table presents the allocation of the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method at June 30, 2017 and December 31, 2016. 
Allowance for Loan Losses
 
June 30, 2017
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Individually evaluated for impairment
 
$
359

 
$
48

 
$
—

 
$
—

 
$
407

Collectively evaluated for impairment
 
9,864

 
1,466

 
6,218

 
1,725

 
19,273

Acquired with deteriorated credit quality
 
—

 
—

 
—

 
—

 
—

Ending Balance
 
$
10,223

 
$
1,514

 
$
6,218

 
$
1,725

 
$
19,680

 
Loans:
 
June 30, 2017
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
 
 
Total
Individually evaluated for impairment
 
$
6,865

 
$
506

 
$
—

 
 
 
$
7,371

Collectively evaluated for impairment
 
1,104,804

 
430,487

 
317,753

 
 
 
1,853,044

Acquired with deteriorated credit quality
 
1,933

 
—

 
—

 
 
 
1,933

Ending Balance
 
$
1,113,602

 
$
430,993

 
$
317,753

 
 
 
$
1,862,348


Allowance for Loan Losses:
 
December 31, 2016
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Unallocated
 
Total
Individually evaluated for impairment
 
242

 
89

 
—

 
—

 
331

Collectively evaluated for impairment
 
9,489

 
1,464

 
5,767

 
1,722

 
18,442

Acquired with deteriorated credit quality
 
—

 
—

 
—

 
—

 
—

Ending Balance
 
$
9,731

 
$
1,553

 
$
5,767

 
$
1,722

 
$
18,773


Loans
 
December 31, 2016
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
 
 
Total
Individually evaluated for impairment
 
8,051

 
549

 
—

 
 
 
8,600

Collectively evaluated for impairment
 
1,101,269

 
423,099

 
307,226

 
 
 
1,831,594

Acquired with deteriorated credit quality
 
3,415

 
1,431

 
—

 
 
 
4,846

Ending Balance
 
$
1,112,735

 
$
425,079

 
$
307,226

 
 
 
$
1,845,040
Schedule of loans individually evaluated for impairment by class of loans
The following tables present loans individually evaluated for impairment by class of loans. 

 
 
 
 
 
 
June 30, 2017
 
 
 
 
 
 
Unpaid
Principal
 
Recorded
 
Allowance
for Loan
Losses
 
Average
Recorded
 
Interest
Income
 
Cash Basis
Interest
(Dollar amounts in thousands)
 
Balance
 
Investment
 
Allocated
 
Investment
 
Recognized
 
Recognized
With no related allowance recorded:
 
 

 
 

 
 

 
 

 
 

 
 

Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
968

 
$
968

 
$
—

 
$
1,079

 
$
—

 
$
—

Farmland
 
930

 
930

 
—

 
585

 
—

 
—

Non Farm, Non Residential
 
2,773

 
2,773

 
—

 
2,927

 
—

 
—

Agriculture
 
—

 
—

 
—

 
286

 
—

 
—

All Other Commercial
 
1,311

 
1,311

 
—

 
1,339

 
—

 
—

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
23

 
23

 
—

 
24

 
—

 
—

Home Equity
 
—

 
—

 
—

 
—

 
—

 
—

Junior Liens
 
—

 
—

 
—

 
—

 
—

 
—

Multifamily
 
—

 
—

 
—

 
—

 
—

 
—

All Other Residential
 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
—

 
—

 
—

 
—

 
—

 
—

All Other Consumer
 
—

 
—

 
—

 
—

 
—

 
—

With an allowance recorded:
 
 

 
 

 
 

 
 

 
 

 
 

Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
513

 
513

 
154

 
525

 
—

 
—

Farmland
 
—

 
—

 
—

 
—

 
—

 
—

Non Farm, Non Residential
 
—

 
—

 
—

 
219

 
—

 
—

Agriculture
 
571

 
370

 
205

 
123

 
—

 
—

All Other Commercial
 
—

 
—

 
—

 
—

 
—

 
—

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
483

 
483

 
48

 
503

 
—

 
—

Home Equity
 
—

 
—

 
—

 
—

 
—

 
—

Junior Liens
 
—

 
—

 
—

 
—

 
—

 
—

Multifamily
 
—

 
—

 
—

 
—

 
—

 
—

All Other Residential
 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
—

 
—

 
—

 
—

 
—

 
—

All Other Consumer
 
—

 
—

 
—

 
—

 
—

 
—

TOTAL
 
$
7,572

 
$
7,371

 
$
407

 
$
7,610

 
$
—

 
$
—

 



 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
Unpaid
Principal
 
Recorded
 
Allowance
for Loan
Losses
 
Average
Recorded
 
Interest
Income
 
Cash Basis
Interest
Income
(Dollar amounts in thousands)
 
Balance
 
Investment
 
Allocated
 
Investment
 
Recognized
 
Recognized
With no related allowance recorded:
 
 

 
 

 
 

 
 

 
 

 
 

Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
1,181

 
$
1,181

 
$
—

 
$
981

 
$
—

 
$
—

Farmland
 
826

 
826

 
—

 
770

 
—

 
—

Non Farm, Non Residential
 
3,368

 
2,996

 
—

 
3,096

 
—

 
—

Agriculture
 
622

 
487

 
—

 
351

 
—

 
—

All Other Commercial
 
1,367

 
1,367

 
—

 
1,477

 
—

 
—

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
25

 
25

 
—

 
27

 
—

 
—

Home Equity
 
—

 
—

 
—

 
—

 
—

 
—

Junior Liens
 
—

 
—

 
—

 
—

 
—

 
—

Multifamily
 
—

 
—

 
—

 
—

 
—

 
—

All Other Residential
 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
—

 
—

 
—

 
—

 
—

 
—

All Other Consumer
 
—

 
—

 
—

 
—

 
—

 
—

With an allowance recorded:
 
 

 
 

 
 

 
 

 
 

 
 

Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
537

 
537

 
36

 
819

 
—

 
—

Farmland
 
—

 
—

 
—

 
—

 
—

 
—

Non Farm, Non Residential
 
657

 
657

 
206

 
1,016

 


 
—

Agriculture
 
—

 
—

 
—

 
114

 
—

 
—

All Other Commercial
 
—

 
—

 
—

 
45

 
—

 
—

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
524

 
524

 
89

 
647

 
—

 
—

Home Equity
 
—

 
—

 
—

 
—

 
—

 
—

Junior Liens
 
—

 
—

 
—

 
—

 
—

 
—

Multifamily
 
—

 
—

 
—

 
—

 
—

 
—

All Other Residential
 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
—

 
—

 
—

 
—

 
—

 
—

All Other Consumer
 
—

 
—

 
—

 
—

 
—

 
—

TOTAL
 
$
9,107

 
$
8,600

 
$
331

 
$
9,343

 
$
—

 
$
—

 
Schedule of non-performing loans
The tables below presents the recorded investment in non-performing loans.
 
 
June 30, 2017
 
 
Loans Past
Due Over
90 Day Still
 
Troubled
Debt
 
Nonaccrual Excluding
(Dollar amounts in thousands)
 
Accruing
 
Accruing
 
Nonaccrual
 
TDR
Commercial
 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
—

 
$
3

 
$
327

 
$
1,928

Farmland
 
20

 
—

 
—

 
1,032

Non Farm, Non Residential
 
—

 
2

 
2,730

 
371

Agriculture
 
64

 
—

 
—

 
578

All Other Commercial
 
—

 
—

 
—

 
1,330

Residential
 
 

 
 

 
 
 
 

First Liens
 
748

 
3,464

 
806

 
4,573

Home Equity
 
14

 
—

 
—

 
272

Junior Liens
 
28

 
—

 
—

 
160

Multifamily
 
—

 
—

 
—

 
—

All Other Residential
 
13

 
—

 
—

 
86

Consumer
 
 

 
 

 
 
 
 

Motor Vehicle
 
298

 
16

 
—

 
233

All Other Consumer
 
—

 
166

 
540

 
692

TOTAL
 
$
1,185

 
$
3,651

 
$
4,403

 
$
11,255



Subsequent to June 30, 2017, the Corporation place a $2.8 million loan on nonaccrual that is not included in the table above.
 
 
December 31, 2016
 
 
Loans Past
Due Over
90 Day Still
 
Troubled
Debt
 
Nonaccrual Excluding
(Dollar amounts in thousands)
 
Accruing
 
Accruing
 
Nonaccrual
 
TDR
Commercial
 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
45

 
$
3

 
$
383

 
$
2,405

Farmland
 
—

 
—

 
—

 
978

Non Farm, Non Residential
 
—

 
60

 
2,941

 
1,027

Agriculture
 
—

 
—

 
—

 
744

All Other Commercial
 
—

 
—

 
—

 
1,380

Residential
 
 

 
 

 
 
 
 

First Liens
 
276

 
3,525

 
995

 
5,496

Home Equity
 
—

 
—

 
—

 
285

Junior Liens
 
55

 
—

 
—

 
202

Multifamily
 
—

 
—

 
—

 
—

All Other Residential
 
—

 
—

 
—

 
94

Consumer
 
 

 
 

 
 
 
 

Motor Vehicle
 
293

 
60

 
—

 
140

All Other Consumer
 
—

 
150

 
517

 
741

TOTAL
 
$
669

 
$
3,798

 
$
4,836

 
$
13,492
Troubled Debt Restructurings on Financing Receivables
During the three and six months ended June 30, 2017 and 2016, the terms of certain loans were modified as troubled debt restructurings (TDRs). The following tables present the activity for TDR's.
 
 
 
 
2017
 
 
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Total
April 1,
 
$
3,302

 
$
4,068

 
$
788

 
$
8,158

    Added
 
—

 
227

 
41

 
268

    Charged Off
 
—

 
(7
)
 
(48
)
 
(55
)
    Payments
 
(241
)
 
(90
)
 
(56
)
 
(387
)
June 30,
 
$
3,061

 
$
4,198

 
$
725

 
$
7,984

 
 
 
 
2017
 
 
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Total
January 1,
 
$
3,386

 
$
4,447

 
$
732

 
$
8,565

    Added
 
—

 
227

 
209

 
436

    Charged Off
 
—

 
(40
)
 
(71
)
 
(111
)
    Payments
 
(325
)
 
(436
)
 
(145
)
 
(906
)
June 30,
 
$
3,061

 
$
4,198

 
$
725

 
$
7,984

 
 
 
 
2016
 
 
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Total
April 1,
 
3,529

 
5,285

 
695

 
9,509

    Added
 
—

 
43

 
62

 
105

    Charged Off
 
—

 
(125
)
 
(6
)
 
(131
)
    Payments
 
(76
)
 
(170
)
 
(82
)
 
(328
)
June 30,
 
3,453

 
5,033

 
669

 
9,155

 
 
 
 
2016
 
 
(Dollar amounts in thousands)
 
Commercial
 
Residential
 
Consumer
 
Total
January 1,
 
3,584

 
5,593

 
683

 
9,860

    Added
 
—

 
123

 
150

 
273

    Charged Off
 
—

 
(181
)
 
(26
)
 
(207
)
    Payments
 
(131
)
 
(502
)
 
(138
)
 
(771
)
June 30,
 
3,453

 
5,033

 
669

 
9,155
Aging of recorded investment in loans by past due category and class of loans
The following tables presents the aging of the recorded investment in loans by past due category and class of loans.  
 
 
June 30, 2017
 
 
30-59 Days
 
60-89 Days
 
Greater
than 90 days
 
Total
 
 
 
 
(Dollar amounts in thousands)
 
Past Due
 
Past Due
 
Past Due
 
Past Due
 
Current
 
Total
Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
605

 
$
77

 
$
938

 
$
1,620

 
$
461,790

 
$
463,410

Farmland
 
678

 
2,309

 
950

 
3,937

 
105,852

 
109,789

Non Farm, Non Residential
 
152

 
—

 
—

 
152

 
203,835

 
203,987

Agriculture
 
287

 
—

 
434

 
721

 
147,025

 
147,746

All Other Commercial
 
1

 
—

 
19

 
20

 
188,650

 
188,670

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
725

 
910

 
1,542

 
3,177

 
257,853

 
261,030

Home Equity
 
93

 
46

 
25

 
164

 
35,265

 
35,429

Junior Liens
 
235

 
145

 
100

 
480

 
37,730

 
38,210

Multifamily
 
—

 
—

 
—

 
—

 
83,053

 
83,053

All Other Residential
 
—

 
—

 
13

 
13

 
13,258

 
13,271

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
2,639

 
525

 
311

 
3,475

 
289,787

 
293,262

All Other Consumer
 
83

 
7

 
1

 
91

 
24,400

 
24,491

TOTAL
 
$
5,498

 
$
4,019

 
$
4,333

 
$
13,850

 
$
1,848,498

 
$
1,862,348

 
 
 
December 31, 2016
 
 
30-59 Days
 
60-89 Days
 
Greater
than 90 days
 
Total
 
 
 
 
(Dollar amounts in thousands)
 
Past Due
 
Past Due
 
Past Due
 
Past Due
 
Current
 
Total
Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
370

 
$
114

 
$
1,199

 
$
1,683

 
$
474,406

 
$
476,089

Farmland
 
235

 
22

 
46

 
303

 
110,897

 
111,200

Non Farm, Non Residential
 
153

 
—

 
215

 
368

 
195,120

 
195,488

Agriculture
 
246

 
—

 
467

 
713

 
151,059

 
151,772

All Other Commercial
 
15

 
—

 
—

 
15

 
178,171

 
178,186

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
3,862

 
954

 
1,516

 
6,332

 
264,446

 
270,778

Home Equity
 
186

 
64

 
27

 
277

 
35,782

 
36,059

Junior Liens
 
271

 
—

 
224

 
495

 
36,912

 
37,407

Multifamily
 
—

 
—

 
—

 
—

 
67,799

 
67,799

All Other Residential
 
42

 
12

 
—

 
54

 
12,982

 
13,036

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
4,048

 
732

 
313

 
5,093

 
277,604

 
282,697

All Other Consumer
 
143

 
22

 
3

 
168

 
24,361

 
24,529

TOTAL
 
$
9,571

 
$
1,920

 
$
4,010

 
$
15,501

 
$
1,829,539

 
$
1,845,040
Analysis of risk category of loans by class of loans
Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Loans listed as not rated are either less than $100 thousand or are included in groups of homogeneous loans. As of June 30, 2017 and December 31, 2016, and based on the most recent analysis performed, the risk category of loans by class of loans are as follows:
 
 
June 30, 2017
(Dollar amounts in thousands)
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Not Rated
 
Total
Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
423,394

 
$
9,541

 
$
21,668

 
$
339

 
$
7,123

 
$
462,065

Farmland
 
89,607

 
9,108

 
9,511

 
—

 
11

 
108,237

Non Farm, Non Residential
 
185,767

 
2,924

 
14,858

 
—

 
—

 
203,549

Agriculture
 
117,685

 
12,637

 
15,358

 
—

 
384

 
146,064

All Other Commercial
 
177,635

 
372

 
7,869

 
—

 
1,867

 
187,743

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
44,650

 
1,613

 
3,909

 
13

 
210,014

 
260,199

Home Equity
 
375

 
—

 
89

 
—

 
34,902

 
35,366

Junior Liens
 
1,750

 
81

 
328

 
101

 
35,869

 
38,129

Multifamily
 
82,793

 
—

 
—

 
—

 
101

 
82,894

All Other Residential
 
—

 
—

 
31

 
—

 
13,208

 
13,239

Consumer
 
 

 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
—

 
—

 
435

 
—

 
291,716

 
292,151

All Other Consumer
 
—

 
—

 
34

 
—

 
24,357

 
24,391

TOTAL
 
$
1,123,656

 
$
36,276

 
$
74,090

 
$
453

 
$
619,552

 
$
1,854,027

 
 
December 31, 2016
(Dollar amounts in thousands)
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Not Rated
 
Total
Commercial
 
 

 
 

 
 

 
 

 
 

 
 

Commercial & Industrial
 
$
427,262

 
$
16,286

 
$
25,177

 
$
449

 
$
5,730

 
$
474,904

Farmland
 
95,115

 
8,300

 
5,238

 
—

 
532

 
109,185

Non Farm, Non Residential
 
172,739

 
5,745

 
16,601

 
—

 
—

 
195,085

Agriculture
 
121,983

 
13,885

 
12,301

 
—

 
1,366

 
149,535

All Other Commercial
 
163,492

 
596

 
10,058

 
76

 
3,251

 
177,473

Residential
 
 

 
 

 
 

 
 

 
 

 
 

First Liens
 
43,674

 
1,541

 
4,466

 
18

 
220,249

 
269,948

Home Equity
 
363

 
—

 
86

 
—

 
35,554

 
36,003

Junior Liens
 
1,826

 
85

 
401

 
26

 
34,977

 
37,315

Multifamily
 
66,133

 
1,430

 
15

 
—

 
65

 
67,643

All Other Residential
 
—

 
—

 
—

 
—

 
13,002

 
13,002

Consumer
 


 
 

 
 

 
 

 
 

 
 

Motor Vehicle
 
—

 
—

 
331

 
—

 
281,134

 
281,465

All Other Consumer
 
—

 
—

 
25

 
—

 
24,391

 
24,416

TOTAL
 
$
1,092,587

 
$
47,868

 
$
74,699

 
$
569

 
$
620,251

 
$
1,835,974