| Allowance by Impairment Methodology and Loans by Impairment Methodology |
The following tables present, as of March 31,
2015, December 31, 2014 and March 31, 2014, the
total allowance for loan losses, the allowance by impairment
methodology and loans by impairment methodology (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
March 31, 2015 |
|
| |
|
Construction
and Land
Development |
|
|
Secured by
1-4 Family
Residential |
|
|
Other Real
Estate |
|
|
Commercial
and
Industrial |
|
|
Consumer
and Other
Loans |
|
|
Total |
|
|
Allowance for loan losses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning Balance, December 31, 2014
|
|
$ |
1,403 |
|
|
$ |
1,204 |
|
|
$ |
3,658 |
|
|
$ |
310 |
|
|
$ |
143 |
|
|
$ |
6,718 |
|
|
Charge-offs
|
|
|
— |
|
|
|
(47 |
) |
|
|
— |
|
|
|
— |
|
|
|
(65 |
) |
|
|
(112 |
) |
|
Recoveries
|
|
|
1 |
|
|
|
34 |
|
|
|
1 |
|
|
|
60 |
|
|
|
69 |
|
|
|
165 |
|
|
Provision for (recovery of) loan losses
|
|
|
197 |
|
|
|
(239 |
) |
|
|
137 |
|
|
|
(82 |
) |
|
|
(13 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance, March 31, 2015
|
|
$ |
1,601 |
|
|
$ |
952 |
|
|
$ |
3,796 |
|
|
$ |
288 |
|
|
$ |
134 |
|
|
$ |
6,771 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment
|
|
|
341 |
|
|
|
85 |
|
|
|
1,447 |
|
|
|
28 |
|
|
|
— |
|
|
|
1,901 |
|
|
Collectively evaluated for impairment
|
|
|
1,260 |
|
|
|
867 |
|
|
|
2,349 |
|
|
|
260 |
|
|
|
134 |
|
|
|
4,870 |
|
|
|
|
|
|
|
|
|
Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance
|
|
|
33,344 |
|
|
|
172,874 |
|
|
|
158,896 |
|
|
|
21,420 |
|
|
|
11,983 |
|
|
|
398,517 |
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment
|
|
|
3,071 |
|
|
|
2,747 |
|
|
|
7,103 |
|
|
|
113 |
|
|
|
— |
|
|
|
13,034 |
|
|
Collectively evaluated for impairment
|
|
|
30,273 |
|
|
|
170,127 |
|
|
|
151,793 |
|
|
|
21,307 |
|
|
|
11,983 |
|
|
|
385,483 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
December 31, 2014 |
|
| |
|
Construction
and Land
Development |
|
|
Secured by
1-4 Family
Residential |
|
|
Other Real
Estate |
|
|
Commercial
and
Industrial |
|
|
Consumer
and Other
Loans |
|
|
Total |
|
|
Allowance for loan losses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning Balance, December 31, 2013
|
|
$ |
2,710 |
|
|
$ |
2,975 |
|
|
$ |
4,418 |
|
|
$ |
442 |
|
|
$ |
99 |
|
|
$ |
10,644 |
|
|
Charge-offs
|
|
|
(91 |
) |
|
|
(272 |
) |
|
|
(203 |
) |
|
|
(43 |
) |
|
|
(318 |
) |
|
|
(927 |
) |
|
Recoveries
|
|
|
80 |
|
|
|
15 |
|
|
|
509 |
|
|
|
18 |
|
|
|
229 |
|
|
|
851 |
|
|
Provision for (recovery of) loan losses
|
|
|
(1,296 |
) |
|
|
(1,514 |
) |
|
|
(1,066 |
) |
|
|
(107 |
) |
|
|
133 |
|
|
|
(3,850 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance, December 31, 2014
|
|
$ |
1,403 |
|
|
$ |
1,204 |
|
|
$ |
3,658 |
|
|
$ |
310 |
|
|
$ |
143 |
|
|
$ |
6,718 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment
|
|
|
245 |
|
|
|
173 |
|
|
|
1,456 |
|
|
|
33 |
|
|
|
— |
|
|
|
1,907 |
|
|
Collectively evaluated for impairment
|
|
|
1,158 |
|
|
|
1,031 |
|
|
|
2,202 |
|
|
|
277 |
|
|
|
143 |
|
|
|
4,811 |
|
|
|
|
|
|
|
|
Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance
|
|
|
29,475 |
|
|
|
163,727 |
|
|
|
151,802 |
|
|
|
21,166 |
|
|
|
12,240 |
|
|
|
378,410 |
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment
|
|
|
3,205 |
|
|
|
3,414 |
|
|
|
7,183 |
|
|
|
120 |
|
|
|
— |
|
|
|
13,922 |
|
|
Collectively evaluated for impairment
|
|
|
26,270 |
|
|
|
160,313 |
|
|
|
144,619 |
|
|
|
21,046 |
|
|
|
12,240 |
|
|
|
364,488 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
March 31, 2014 |
|
| |
|
Construction
and Land
Development |
|
|
Secured by
1-4 Family
Residential |
|
|
Other Real
Estate |
|
|
Commercial
and
Industrial |
|
|
Consumer
and Other
Loans |
|
|
Total |
|
|
Allowance for loan losses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning Balance, December 31, 2013
|
|
$ |
2,710 |
|
|
$ |
2,975 |
|
|
$ |
4,418 |
|
|
$ |
442 |
|
|
$ |
99 |
|
|
$ |
10,644 |
|
|
Charge-offs
|
|
|
— |
|
|
|
(71 |
) |
|
|
— |
|
|
|
(36 |
) |
|
|
(132 |
) |
|
|
(239 |
) |
|
Recoveries
|
|
|
— |
|
|
|
4 |
|
|
|
1 |
|
|
|
1 |
|
|
|
72 |
|
|
|
78 |
|
|
Provision for (recovery of) loan losses
|
|
|
(458 |
) |
|
|
42 |
|
|
|
89 |
|
|
|
36 |
|
|
|
91 |
|
|
|
(200 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance, March 31, 2014
|
|
$ |
2,252 |
|
|
$ |
2,950 |
|
|
$ |
4,508 |
|
|
$ |
443 |
|
|
$ |
130 |
|
|
$ |
10,283 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment
|
|
|
862 |
|
|
|
126 |
|
|
|
505 |
|
|
|
45 |
|
|
|
— |
|
|
|
1,538 |
|
|
Collectively evaluated for impairment
|
|
|
1,390 |
|
|
|
2,824 |
|
|
|
4,003 |
|
|
|
398 |
|
|
|
130 |
|
|
|
8,745 |
|
|
|
|
|
|
|
|
|
Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance
|
|
|
33,876 |
|
|
|
147,541 |
|
|
|
142,719 |
|
|
|
23,381 |
|
|
|
12,016 |
|
|
|
359,533 |
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment
|
|
|
6,568 |
|
|
|
3,468 |
|
|
|
11,030 |
|
|
|
172 |
|
|
|
— |
|
|
|
21,238 |
|
|
Collectively evaluated for impairment
|
|
|
27,308 |
|
|
|
144,073 |
|
|
|
131,689 |
|
|
|
23,209 |
|
|
|
12,016 |
|
|
|
338,295 |
|
|
| Impaired Loans and Related Allowance |
Impaired loans and the related allowance at March 31,
2015, December 31, 2014 and March 31, 2014, were as
follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
March 31, 2015 |
|
| |
|
Unpaid
Principal
Balance |
|
|
Recorded
Investment
with No
Allowance |
|
|
Recorded
Investment
with
Allowance |
|
|
Total
Recorded
Investment |
|
|
Related
Allowance |
|
|
Average
Recorded
Investment |
|
|
Interest
Income
Recognized |
|
|
Real estate loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development
|
|
$ |
3,198 |
|
|
$ |
2,196 |
|
|
$ |
875 |
|
|
$ |
3,071 |
|
|
$ |
341 |
|
|
$ |
3,171 |
|
|
$ |
16 |
|
|
Secured by 1-4 family
|
|
|
3,672 |
|
|
|
2,509 |
|
|
|
238 |
|
|
|
2,747 |
|
|
|
85 |
|
|
|
3,149 |
|
|
|
29 |
|
|
Other real estate loans
|
|
|
7,559 |
|
|
|
4,119 |
|
|
|
2,984 |
|
|
|
7,103 |
|
|
|
1,447 |
|
|
|
7,149 |
|
|
|
34 |
|
|
Commercial and industrial
|
|
|
122 |
|
|
|
3 |
|
|
|
110 |
|
|
|
113 |
|
|
|
28 |
|
|
|
118 |
|
|
|
— |
|
|
Consumer and other loans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
14,551 |
|
|
$ |
8,827 |
|
|
$ |
4,207 |
|
|
$ |
13,034 |
|
|
$ |
1,901 |
|
|
$ |
13,587 |
|
|
$ |
79 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
December 31, 2014 |
|
| |
|
Unpaid
Principal
Balance |
|
|
Recorded
Investment
with No
Allowance |
|
|
Recorded
Investment
with
Allowance |
|
|
Total
Recorded
Investment |
|
|
Related
Allowance |
|
|
Average
Recorded
Investment |
|
|
Interest
Income
Recognized |
|
|
Real estate loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development
|
|
$ |
3,299 |
|
|
$ |
2,800 |
|
|
$ |
405 |
|
|
$ |
3,205 |
|
|
$ |
245 |
|
|
$ |
5,532 |
|
|
$ |
40 |
|
|
Secured by 1-4 family
|
|
|
4,327 |
|
|
|
2,526 |
|
|
|
888 |
|
|
|
3,414 |
|
|
|
173 |
|
|
|
3,433 |
|
|
|
138 |
|
|
Other real estate loans
|
|
|
7,623 |
|
|
|
3,708 |
|
|
|
3,475 |
|
|
|
7,183 |
|
|
|
1,456 |
|
|
|
10,115 |
|
|
|
206 |
|
|
Commercial and industrial
|
|
|
127 |
|
|
|
5 |
|
|
|
115 |
|
|
|
120 |
|
|
|
33 |
|
|
|
159 |
|
|
|
1 |
|
|
Consumer and other loans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
15,376 |
|
|
$ |
9,039 |
|
|
$ |
4,883 |
|
|
$ |
13,922 |
|
|
$ |
1,907 |
|
|
$ |
19,239 |
|
|
$ |
385 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
March 31, 2014 |
|
| |
|
Unpaid
Principal
Balance |
|
|
Recorded
Investment
with No
Allowance |
|
|
Recorded
Investment
with
Allowance |
|
|
Total
Recorded
Investment |
|
|
Related
Allowance |
|
|
Average
Recorded
Investment |
|
|
Interest
Income
Recognized |
|
|
Real estate loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development
|
|
$ |
8,864 |
|
|
$ |
4,018 |
|
|
$ |
2,550 |
|
|
$ |
6,568 |
|
|
$ |
862 |
|
|
$ |
6,684 |
|
|
$ |
11 |
|
|
Secured by 1-4 family
|
|
|
4,391 |
|
|
|
2,932 |
|
|
|
536 |
|
|
|
3,468 |
|
|
|
126 |
|
|
|
3,313 |
|
|
|
31 |
|
|
Other real estate loans
|
|
|
12,346 |
|
|
|
9,139 |
|
|
|
1,891 |
|
|
|
11,030 |
|
|
|
505 |
|
|
|
11,082 |
|
|
|
79 |
|
|
Commercial and industrial
|
|
|
176 |
|
|
|
13 |
|
|
|
159 |
|
|
|
172 |
|
|
|
45 |
|
|
|
200 |
|
|
|
— |
|
|
Consumer and other loans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
25,777 |
|
|
$ |
16,102 |
|
|
$ |
5,136 |
|
|
$ |
21,238 |
|
|
$ |
1,538 |
|
|
$ |
21,279 |
|
|
$ |
121 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|