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Loans
9 Months Ended
Sep. 30, 2011
Loans [Abstract] 
LOANS

NOTE K — LOANS

The following table presents the contractual aging of the recorded investment in past due loans by class of loans as of September 30, 2011:

 

                                                 
(Dollars in thousands)   Accruing
30-59
Days
Past Due		     Accruing
60-89
Days
Past Due		     Accruing
Greater
Than 90
Days		     Nonaccrual     Current     Total
Financing
Receivables		  

Construction and land development

   $ 34     $ 289     $ —       $ 2,258     $ 45,072     $ 47,653  

Commercial real estate

     1,095       —         —         16,490       501,766       519,351  

Residential real estate

     2,888       2,089       26       13,049       517,873       535,925  

Commerical and financial

     90       —         —         19       53,425       53,534  

Consumer

     293       57       3       811       50,572       51,736  

Other

     —         —         —         —         349       349  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total

   $ 4,400     $ 2,435     $ 29     $ 32,627     $ 1,169,057     $ 1,208,548  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

The Company utilizes an internal asset classification system as a means of reporting problem and potential problem loans. Under the Company’s risk rating system, the Company classifies problem and potential problem loans as “Special Mention,” “Substandard,” and “Doubtful”. Substandard loans include those characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Loans classified as Doubtful, have all the weaknesses inherent in those classified Substandard with the added characteristic that the weaknesses present make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Loans that do not currently expose the Company to sufficient risk to warrant classification in one of the aforementioned categories, but possess weaknesses that deserve management’s close attention are deemed to be Special Mention. Risk ratings are updated any time the situation warrants.

 

Loans not meeting the criteria above are considered to be pass-rated loans. The following table presents the risk category of loans by class of loans based on the most recent analysis performed as of September 30, 2011:

 

                                                 
    Construction
& Land
Development		     Commercial
Real Estate		     Residential
Real Estate		     Commercial
and
Financial		     Consumer
Loans		     Total  

(Dollars in thousands)

                                                

Pass

   $ 41,238     $ 386,004     $ 494,132     $ 51,677     $ 49,839     $ 1,022,890  

Special mention

     936       62,986       6,841       1,553       589       72,905  

Substandard

     78       6,360       369       182       386       7,375  

Doubtful

     —         —         —         —         —         —    

Nonaccrual

     2,258       16,490       13,049       19       811       32,627  

Troubled debt restructures

     3,143       47,511       21,534       103       460       72,751  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
    $ 47,653     $ 519,351     $ 535,925     $ 53,534     $ 52,085     $ 1,208,548