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LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES
 6 Months Ended
Jun. 30, 2020
Loans Held For Investment And Allowance For Credit Losses [Abstract]  
LOANS, NET

NOTE 3 – LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES

 

Loan Portfolio Composition. The composition of the loan portfolio was as follows:

(Dollars in Thousands)

June 30, 2020

 

December 31, 2019

Commercial, Financial and Agricultural

$

421,270

 

$

255,365

Real Estate – Construction

 

117,794

 

 

115,018

Real Estate – Commercial Mortgage

 

662,434

 

 

625,556

Real Estate – Residential(1)

 

358,714

 

 

361,450

Real Estate – Home Equity

 

194,479

 

 

197,360

Consumer(2)

 

267,486

 

 

281,180

 

Loans, Net of Unearned Income

$

2,022,177

 

$

1,835,929

(1)

Includes loans in process with outstanding balances of $5.7 million and $8.3 million at June 30, 2020 and December 31, 2019, respectively.

(2)Includes overdraft balances of $1.1 million and $1.6 million at June 30, 2020 and December 31, 2019, respectively.

 

Net deferred fees, which include premiums on purchased loans, included in loans were $2.3 million at June 30, 2020 and net deferred costs were $1.8 million at December 31, 2019.

 

Accrued interest receivable on loans which is excluded from amortized cost totaled $8.1 million at June 30, 2020 and $5.5 million at December 31, 2019, and is reported separately in Other Assets.

 

The Company has pledged a blanket floating lien on all 1-4 family residential mortgage loans, commercial real estate mortgage loans, and home equity loans to support available borrowing capacity at the FHLB and has pledged a blanket floating lien on all consumer loans, commercial loans, and construction loans to support available borrowing capacity at the Federal Reserve Bank of Atlanta.

 

Loan Purchases. The Company will periodically purchase newly originated 1-4 family real estate secured adjustable rate loans from Capital City Home Loans, a related party effective on March 1, 2020 (see Note 1). Loan purchases totaled $18.4 million for the six month period ended June 30, 2020, and were not credit impaired.

Allowance for Credit Losses. The methodology for estimating the amount of credit losses reported in the allowance for credit losses (“ACL”) has two basic components: first, an asset-specific component involving loans that do not share risk characteristics and the measurement of expected credit losses for such individual loans; and second, a pooled component for expected credit losses for pools of loans that share similar risk characteristics. This methodology is discussed further in Note 1 – Business and Basis of Presentation/Significant Accounting Policies.

 

The following table details the activity in the allowance for credit losses by portfolio segment. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

 

 

Commercial,

 

 

 

 

Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial,

 

Real Estate

 

Commercial

 

Real Estate

 

Real Estate

 

 

 

 

 

 

(Dollars in Thousands)

Agricultural

 

Construction

 

Mortgage

 

Residential

 

Home Equity

Consumer

 

Total

Three Months Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Balance

$

2,247

 

$

1,239

 

$

5,828

 

$

6,005

 

$

2,701

 

$

3,063

 

$

21,083

 

Provision for Credit Losses

 

333

 

 

716

 

 

742

 

 

(615)

 

 

40

 

 

399

 

 

1,615

 

Charge-Offs

 

(186)

 

 

-

 

 

-

 

 

(1)

 

 

(52)

 

 

(1,175)

 

 

(1,414)

 

Recoveries

 

74

 

 

-

 

 

70

 

 

51

 

 

64

 

 

914

 

 

1,173

 

Net Charge-Offs

 

(112)

 

 

-

 

 

70

 

 

50

 

 

12

 

 

(261)

 

 

(241)

Ending Balance

$

2,468

 

$

1,955

 

$

6,640

 

$

5,440

 

$

2,753

 

$

3,201

 

$

22,457

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Balance

$

1,675

 

$

370

 

$

3,416

 

$

3,128

 

$

2,224

 

$

3,092

 

$

13,905

 

Impact of Adopting ASC 326

 

488

 

 

302

 

 

1,458

 

 

1,243

 

 

374

 

 

(596)

 

 

3,269

 

Provision for Credit Losses

 

739

 

 

1,283

 

 

1,516

 

 

1,089

 

 

141

 

 

1,837

 

 

6,605

 

Charge-Offs

 

(548)

 

 

-

 

 

(11)

 

 

(111)

 

 

(83)

 

 

(2,741)

 

 

(3,494)

 

Recoveries

 

114

 

 

-

 

 

261

 

 

91

 

 

97

 

 

1,609

 

 

2,172

 

Net Charge-Offs

 

(434)

 

 

-

 

 

250

 

 

(20)

 

 

14

 

 

(1,132)

 

 

(1,322)

Ending Balance

$

2,468

 

$

1,955

 

$

6,640

 

$

5,440

 

$

2,753

 

$

3,201

 

$

22,457

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Balance

$

1,630

 

$

381

 

$

3,993

 

$

3,186

 

$

2,261

 

$

2,669

 

$

14,120

 

Provision for Credit Losses

 

195

 

 

140

 

 

(204)

 

 

(134)

 

 

107

 

 

542

 

 

646

 

Charge-Offs

 

(235)

 

 

-

 

 

-

 

 

(65)

 

 

(45)

 

 

(520)

 

 

(865)

 

Recoveries

 

58

 

 

-

 

 

100

 

 

223

 

 

60

 

 

251

 

 

692

 

Net Charge-Offs

 

(177)

 

 

-

 

 

100

 

 

158

 

 

15

 

 

(269)

 

 

(173)

Ending Balance

$

1,648

 

$

521

 

$

3,889

 

$

3,210

 

$

2,383

 

$

2,942

 

$

14,593

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Balance

$

1,434

 

$

280

 

$

4,181

 

$

3,400

 

$

2,301

 

$

2,614

 

$

14,210

 

Provision for Credit Losses

 

412

 

 

241

 

 

(307)

 

 

(128)

 

 

87

 

 

1,108

 

 

1,413

 

Charge-Offs

 

(330)

 

 

-

 

 

(155)

 

 

(329)

 

 

(97)

 

 

(1,315)

 

 

(2,226)

 

Recoveries

 

132

 

 

-

 

 

170

 

 

267

 

 

92

 

 

535

 

 

1,196

 

Net Charge-Offs

 

(198)

 

 

-

 

 

15

 

 

(62)

 

 

(5)

 

 

(780)

 

 

(1,030)

Ending Balance

$

1,648

 

$

521

 

$

3,889

 

$

3,210

 

$

2,383

 

$

2,942

 

$

14,593

On January 1, 2020, we adopted ASC 326 and recorded a pre-tax cumulative effect transition adjustment of $3.3 million. The adoption of ASC 326 is discussed further in Note 1 – Business and Basis of Presentation/Accounting Standards Updates. For the first six months ended June, 30, 2020, the provision for credit losses totaled $6.6 million for held for investment loans and net loan charge-offs totaled $1.3 million. See Note 7 – Commitments and Contingencies for information on the provision for credit losses related to off-balance sheet commitments. The additional $3.9 million increase in the allowance for credit losses was attributable to an expected decline in economic conditions, primarily a higher rate of unemployment due to the COVID-19 pandemic and its effect on rates of default. Three unemployment rate forecast scenarios were utilized to estimate probability of default and were weighted based on management’s estimate of probability. The mitigating impact of the unprecedented fiscal stimulus, including direct payments to individuals, increased unemployment benefits, as well as various government sponsored loan programs, was also considered.

Nonaccrual Loans. Loans are generally placed on nonaccrual status if principal or interest payments become 90 days past due and/or management deems the collectability of the principal and/or interest to be doubtful. Loans are returned to accrual status when the principal and interest amounts contractually due are brought current or when future payments are reasonably assured.

 

The following table presents the amortized cost basis of loans in nonaccrual status and loans past due over 90 days and still on accrual by class of loans.

 

June 30, 2020

 

December 31, 2019

 

 

 

 

Nonaccrual

 

 

 

 

 

 

 

Nonaccrual

 

 

 

 

Total

 

With No

 

90 + Days

 

Total

 

With No

 

90 + Days

(Dollars in Thousands)

Nonaccrual

 

ACL

 

Still Accruing

 

Nonaccrual

 

ACL

 

Still Accruing

Commercial, Financial and Agricultural

$

548

 

$

-

 

$

-

 

$

446

 

$

-

 

$

-

Real Estate – Construction

 

146

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

Real Estate – Commercial Mortgage

 

2,580

 

 

1,789

 

 

-

 

 

1,434

 

 

958

 

 

-

Real Estate – Residential

 

2,400

 

 

1,516

 

 

-

 

 

1,392

 

 

227

 

 

-

Real Estate – Home Equity

 

1,010

 

 

-

 

 

-

 

 

797

 

 

-

 

 

-

Consumer

 

282

 

 

-

 

 

-

 

 

403

 

 

-

 

 

-

Total Nonaccrual Loans

$

6,966

 

$

3,305

 

$

-

 

$

4,472

 

$

1,185

 

$

-

The Company recognized $10,000 of interest income on nonaccrual loans for the six months ended June 30, 2020.

 

Collateral Dependent Loans.

 

The following table presents the amortized cost basis of collateral-dependent loans at June 30, 2020.

 

June 30, 2020

 

Real Estate

 

Non Real Estate

(Dollars in Thousands)

Secured

 

Secured

Commercial, Financial and Agricultural

$

106

 

$

-

Real Estate - Commercial Mortgage

 

4,939

 

 

-

Real Estate - Residential

 

2,358

 

 

-

Real Estate - Home Equity

 

429

 

 

-

Consumer

 

-

 

 

-

Total

$

7,832

 

$

-

A loan is collateral dependent when the borrower is experiencing financial difficulty and repayment of the loan is dependent on the sale or operation of the underlying collateral.

 

The Bank’s collateral dependent loan portfolio is comprised primarily of real estate secured loans, collateralized by either residential or commercial collateral types. The loans are carried at fair value based on current values determined by either independent appraisals or internal evaluations, adjusted for selling costs or other amounts to be deducted when estimating expected net sales proceeds.

Loan Portfolio Aging. A loan is defined as a past due loan when one full payment is past due or a contractual maturity is over 30 days past due (“DPD”).

 

The following table presents the aging of the amortized cost basis in accruing past due loans by class of loans.

 

30-59

 

60-89

 

90 +

 

Total

 

Total

 

Total

(Dollars in Thousands)

DPD

 

DPD

 

DPD

 

Past Due

 

Current

 

Loans(1)

June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial, Financial and Agricultural

$

165

 

$

220

 

$

-

 

$

385

 

$

420,337

 

$

421,270

Real Estate – Construction

 

-

 

 

130

 

 

-

 

 

130

 

 

117,518

 

 

117,794

Real Estate – Commercial Mortgage

 

83

 

 

-

 

 

-

 

 

83

 

 

659,771

 

 

662,434

Real Estate – Residential

 

143

 

 

583

 

 

-

 

 

726

 

 

355,588

 

 

358,714

Real Estate – Home Equity

 

122

 

 

26

 

 

-

 

 

148

 

 

193,321

 

 

194,479

Consumer

 

1,110

 

 

366

 

 

-

 

 

1,476

 

 

265,728

 

 

267,486

Total Loans

$

1,623

 

$

1,325

 

$

-

 

$

2,948

 

$

2,012,263

 

$

2,022,177

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial, Financial and Agricultural

$

489

 

$

191

 

$

-

 

$

680

 

$

254,239

 

$

255,365

Real Estate – Construction

 

300

 

 

10

 

 

-

 

 

310

 

 

114,708

 

 

115,018

Real Estate – Commercial Mortgage

 

148

 

 

84

 

 

-

 

 

232

 

 

623,890

 

 

625,556

Real Estate – Residential

 

629

 

 

196

 

 

-

 

 

825

 

 

359,233

 

 

361,450

Real Estate – Home Equity

 

155

 

 

20

 

 

-

 

 

175

 

 

196,388

 

 

197,360

Consumer

 

2,000

 

 

649

 

 

-

 

 

2,649

 

 

278,128

 

 

281,180

Total Loans

$

3,721

 

$

1,150

 

$

-

 

$

4,871

 

$

1,826,586

 

$

1,835,929

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)Total Loans include nonaccrual loans of $7.0.0 million and $4.5 million at June 30, 2020 and December 31, 2019, respectively.

Residential Real Estate Loans In Process of Foreclosure. At June 30, 2020 and December 31, 2019, the Company had $1.3 million and $0.6 million, respectively, in 1-4 family residential real estate loans for which formal foreclosure proceedings were in process.Troubled Debt Restructurings (“TDRs”). TDRs are loans in which the borrower is experiencing financial difficulty and the Company has granted an economic concession to the borrower that it would not otherwise consider. In these instances, as part of a work-out alternative, the Company will make concessions including the extension of the loan term, a principal moratorium, a reduction in the interest rate, or a combination thereof. The impact of the TDR modifications and defaults are factored into the allowance for credit losses on a loan-by-loan basis as all TDRs are, by definition, impaired loans. Thus, specific reserves are established based upon the results of either a discounted cash flow analysis or the underlying collateral value, if the loan is deemed to be collateral dependent. A TDR classification can be removed if the borrower’s financial condition improves such that the borrower is no longer in financial difficulty, the loan has not had any forgiveness of principal or interest, and the loan is subsequently refinanced or restructured at market terms and qualifies as a new loan.

At June 30, 2020, the Company had $16.0 million in TDRs, of which $15.1 million were performing in accordance with the modified terms. At December 31, 2019 the Company had $17.6 million in TDRs, of which $16.9 million were performing in accordance with modified terms. For TDRs, the Company estimated $1.0 million and $1.5 million of credit loss reserves at June 30, 2020 and December 31, 2019, respectively.

 

The modifications made to TDRs involved either an extension of the loan term, a principal moratorium, a reduction in the interest rate, or a combination thereof. For the three months ended June 30, 2020, there were two loans modified with a recorded investment totaling $34,000. For the three months ended June 30, 2019, there was one loan modified with a recorded investment of $0.1 million. For the six months period ended June 30, 2020, there were three loans modified with a recorded investment totaling $0.2 million. For the six months period ended June 30, 2019, there were three loans modified with a recorded investment totaling $0.2 million. The financial impact of these modifications was not material.

 

For the three months ended June 30, 2020, there were no loans classified as TDRs, for which there was a payment default and the loans were modified within the 12 months prior to default. For the six months ended June 30, 2020, there were two loans totaling $0.1 million classified as TDRs, for which there was a payment default and the loans were modified within the 12 months prior to default. For the three and six months ended June 30, 2019, there were no loans classified as TDRs, for which there was a payment default and the loans were modified within the 12 months prior to default .

Credit Risk Management. The Company has adopted comprehensive lending policies, underwriting standards and loan review procedures designed to maximize loan income within an acceptable level of risk. Management and the Board of Directors review and approve these policies and procedures on a regular basis (at least annually).

 

Reporting systems are used to monitor loan originations, loan quality, concentrations of credit, loan delinquencies and nonperforming loans and potential problem loans. Management and the Credit Risk Oversight Committee periodically review our lines of business to monitor asset quality trends and the appropriateness of credit policies. In addition, total borrower exposure limits are established and concentration risk is monitored. As part of this process, the overall composition of the portfolio is reviewed to gauge diversification of risk, client concentrations, industry group, loan type, geographic area, or other relevant classifications of loans. Specific segments of the loan portfolio are monitored and reported to the Board on a quarterly basis and have strategic plans in place to supplement Board approved credit policies governing exposure limits and underwriting standards. Detailed below are the types of loans within the Company’s loan portfolio and risk characteristics unique to each.

 

Commercial, Financial, and Agricultural – Loans in this category are primarily made based on identified cash flows of the borrower with consideration given to underlying collateral and personal or other guarantees. Lending policy establishes debt service coverage ratio limits that require a borrower’s cash flow to be sufficient to cover principal and interest payments on all new and existing debt. The majority of these loans are secured by the assets being financed or other business assets such as accounts receivable, inventory, or equipment. Collateral values are determined based upon third party appraisals and evaluations. Loan to value ratios at origination are governed by established policy guidelines.

 

Real Estate Construction – Loans in this category consist of short-term construction loans, revolving and non-revolving credit lines and construction/permanent loans made to individuals and investors to finance the acquisition, development, construction or rehabilitation of real property. These loans are primarily made based on identified cash flows of the borrower or project and generally secured by the property being financed, including 1-4 family residential properties and commercial properties that are either owner-occupied or investment in nature. These properties may include either vacant or improved property. Construction loans are generally based upon estimates of costs and value associated with the completed project. Collateral values are determined based upon third party appraisals and evaluations. Loan to value ratios at origination are governed by established policy guidelines. The disbursement of funds for construction loans is made in relation to the progress of the project and as such these loans are closely monitored by on-site inspections.

 

Real Estate Commercial Mortgage – Loans in this category consists of commercial mortgage loans secured by property that is either owner-occupied or investment in nature. These loans are primarily made based on identified cash flows of the borrower or project with consideration given to underlying real estate collateral and personal guarantees. Lending policy establishes debt service coverage ratios and loan to value ratios specific to the property type. Collateral values are determined based upon third party appraisals and evaluations.

 

Real Estate Residential – Residential mortgage loans held in the Company’s loan portfolio are made to borrowers that demonstrate the ability to make scheduled payments with full consideration to underwriting factors such as current income, employment status, current assets, and other financial resources, credit history, and the value of the collateral. Collateral consists of mortgage liens on 1-4 family residential properties. Collateral values are determined based upon third party appraisals and evaluations. The Company does not originate sub-prime loans.

 

Real Estate Home Equity – Home equity loans and lines are made to qualified individuals for legitimate purposes generally secured by senior or junior mortgage liens on owner-occupied 1-4 family homes or vacation homes. Borrower qualifications include favorable credit history combined with supportive income and debt ratio requirements and combined loan to value ratios within established policy guidelines. Collateral values are determined based upon third party appraisals and evaluations.

 

Consumer Loans – This loan portfolio includes personal installment loans, direct and indirect automobile financing, and overdraft lines of credit. The majority of the consumer loan portfolio consists of indirect and direct automobile loans. Lending policy establishes maximum debt to income ratios, minimum credit scores, and includes guidelines for verification of applicants’ income and receipt of credit reports.

Credit Quality Indicators. As part of the ongoing monitoring of the Company’s loan portfolio quality, management categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment performance, credit documentation, and current economic and market trends, among other factors. Risk ratings are assigned to each loan and revised as needed through established monitoring procedures for individual loan relationships over a predetermined amount and review of smaller balance homogenous loan pools. The Company uses the definitions noted below for categorizing and managing its criticized loans. Loans categorized as “Pass” do not meet the criteria set forth below and are not considered criticized.

 

Special Mention – Loans in this category are presently protected from loss, but weaknesses are apparent which, if not corrected, could cause future problems. Loans in this category may not meet required underwriting criteria and have no mitigating factors. More than the ordinary amount of attention is warranted for these loans.

 

Substandard – Loans in this category exhibit well-defined weaknesses that would typically bring normal repayment into jeopardy. These loans are no longer adequately protected due to well-defined weaknesses that affect the repayment capacity of the borrower. The possibility of loss is much more evident and above average supervision is required for these loans.

 

Doubtful – Loans in this category have all the weaknesses inherent in a loan categorized as Substandard, with the characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.

 

Performing/Nonperforming – Loans within certain homogenous loan pools (home equity and consumer) are not individually reviewed, but are monitored for credit quality via the aging status of the loan and by payment activity. The performing or nonperforming status is updated on an on-going basis dependent upon improvement and deterioration in credit quality.

The following table summarizes gross loans held for investment by years of origination and internally assigned credit risk ratings (refer to Credit Risk Management section

for detail on risk rating system).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Term Loans by Origination Year

 

Revolving

 

 

 

(Dollars in Thousands)

2020

 

2019

 

2018

 

2017

 

2016

 

Prior

 

Loans

 

Total

As of June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial, Financial, Agriculture:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

214,844

 

$

54,639

 

$

49,571

 

$

19,873

 

$

16,582

 

$

14,016

 

$

50,597

 

$

420,122

Special Mention

 

-

 

 

4

 

 

61

 

 

9

 

 

-

 

 

64

 

 

-

 

 

138

Substandard

 

-

 

 

11

 

 

553

 

 

312

 

 

39

 

 

92

 

 

3

 

 

1,010

Total

$

214,844

 

$

54,654

 

$

50,185

 

$

20,194

 

$

16,621

 

$

14,172

 

$

50,600

 

$

421,270

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate - Construction:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

27,315

 

$

73,360

 

$

11,162

 

$

2,148

 

$

-

 

$

-

 

$

3,533

 

$

117,518

Substandard

 

-

 

 

276

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

276

Total

$

27,315

 

$

73,636

 

$

11,162

 

$

2,148

 

$

-

 

$

-

 

$

3,533

 

$

117,794

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate - Commercial Mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

89,447

 

$

118,464

 

$

148,746

 

$

99,444

 

$

53,748

 

$

106,278

 

$

21,014

 

$

637,141

Special Mention

 

6,116

 

 

123

 

 

5,141

 

 

216

 

 

-

 

 

6,494

 

 

-

 

 

18,090

Substandard

 

154

 

 

279

 

 

295

 

 

2,853

 

 

31

 

 

3,097

 

 

494

 

 

7,203

Total

$

95,717

 

$

118,866

 

$

154,182

 

$

102,513

 

$

53,779

 

$

115,869

 

$

21,508

 

$

662,434

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate - Residential:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

53,539

 

$

82,903

 

$

57,856

 

$

49,232

 

$

23,327

 

$

77,875

 

$

6,800

 

$

351,532

Special Mention

 

143

 

 

26

 

 

128

 

 

178

 

 

96

 

 

345

 

 

-

 

 

916

Substandard

 

-

 

 

1,126

 

 

1,118

 

 

563

 

 

1,005

 

 

2,369

 

 

85

 

 

6,266

Total

$

53,682

 

$

84,055

 

$

59,102

 

$

49,973

 

$

24,428

 

$

80,589

 

$

6,885

 

$

358,714

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate - Home Equity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

$

1,558

 

$

378

 

$

252

 

$

780

 

$

200

 

$

2,780

 

$

187,703

 

$

193,651

Nonperforming

 

-

 

 

20

 

 

25

 

 

81

 

 

-

 

 

24

 

 

678

 

 

828

Total

$

1,558

 

$

398

 

$

277

 

$

861

 

$

200

 

$

2,804

 

$

188,381

 

$

194,479

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

$

46,790

 

$

89,192

 

$

67,729

 

$

35,130

 

$

16,947

 

$

6,200

 

$

5,215

 

$

267,203

Nonperforming

 

-

 

 

105

 

 

138

 

 

-

 

 

20

 

 

20

 

 

-

 

 

283

Total

$

46,790

 

$

89,297

 

$

67,867

 

$

35,130

 

$

16,967

 

$

6,220

 

$

5,215

 

$

267,486