| 3. Loans Held for Investment |
| |
|
2014 |
|
|
2013 |
|
| Construction/Land Development |
|
$ |
70,648 |
|
|
$ |
68,512 |
|
| Farmland |
|
|
12,532 |
|
|
|
13,197 |
|
| Real Estate |
|
|
155,774 |
|
|
|
154,628 |
|
| Multi-Family |
|
|
11,693 |
|
|
|
11,797 |
|
| Commercial Real Estate |
|
|
116,583 |
|
|
|
113,415 |
|
| Home Equity – closed end |
|
|
9,451 |
|
|
|
10,228 |
|
| Home Equity – open end |
|
|
47,187 |
|
|
|
47,358 |
|
| Commercial & Industrial – Non-Real Estate |
|
|
25,953 |
|
|
|
25,903 |
|
| Consumer |
|
|
8,847 |
|
|
|
10,163 |
|
| Dealer Finance |
|
|
25,253 |
|
|
|
20,572 |
|
| Credit Cards |
|
|
2,406 |
|
|
|
2,680 |
|
| Total |
|
$ |
486,327 |
|
|
$ |
478,453 |
|
Loans outstanding at March 31, 2014 and
December 31, 2013 are summarized as follows:
The following is a summary of information pertaining to impaired
loans (in thousands):
| |
|
|
|
|
Unpaid |
|
|
|
|
|
Average |
|
|
Interest |
|
| March 31, 2014 |
|
Recorded |
|
|
Principal |
|
|
Related |
|
|
Recorded |
|
|
Income |
|
| |
|
Investment |
|
|
Balance |
|
|
Allowance |
|
|
Investment |
|
|
Recognized |
|
| Impaired loans without a valuation allowance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Construction/Land Development |
|
$ |
6,898 |
|
|
$ |
6,898 |
|
|
$ |
- |
|
|
$ |
5,781 |
|
|
$ |
29 |
|
| Farmland |
|
|
1,457 |
|
|
|
1,457 |
|
|
|
- |
|
|
|
1,470 |
|
|
|
12 |
|
| Real Estate |
|
|
48 |
|
|
|
48 |
|
|
|
- |
|
|
|
394 |
|
|
|
1 |
|
| Multi-Family |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Commercial Real Estate |
|
|
1,457 |
|
|
|
1,457 |
|
|
|
- |
|
|
|
799 |
|
|
|
23 |
|
| Home Equity – closed end |
|
|
308 |
|
|
|
308 |
|
|
|
- |
|
|
|
283 |
|
|
|
6 |
|
| Home Equity – open end |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
20 |
|
|
|
- |
|
| Commercial & Industrial – Non-Real Estate |
|
|
279 |
|
|
|
279 |
|
|
|
- |
|
|
|
116 |
|
|
|
4 |
|
| Consumer |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Credit cards |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Dealer Finance |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
10,447 |
|
|
|
10,447 |
|
|
|
|
|
|
|
8,865 |
|
|
|
75 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Impaired loans with a valuation allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Construction/Land Development |
|
|
11,408 |
|
|
|
10,738 |
|
|
|
1,604 |
|
|
|
10,510 |
|
|
|
55 |
|
| Farmland |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Real Estate |
|
|
1,036 |
|
|
|
1,036 |
|
|
|
157 |
|
|
|
901 |
|
|
|
7 |
|
| Multi-Family |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Commercial Real Estate |
|
|
1,047 |
|
|
|
1,047 |
|
|
|
214 |
|
|
|
1,168 |
|
|
|
2 |
|
| Home Equity – closed end |
|
|
180 |
|
|
|
180 |
|
|
|
22 |
|
|
|
340 |
|
|
|
8 |
|
| Home Equity – open end |
|
|
100 |
|
|
|
100 |
|
|
|
12 |
|
|
|
90 |
|
|
|
- |
|
| Commercial & Industrial – Non-Real Estate |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
141 |
|
|
|
- |
|
| Consumer |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1 |
|
|
|
- |
|
| Credit cards |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Dealer Finance |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
13,771 |
|
|
|
13,101 |
|
|
|
2,009 |
|
|
|
13,151 |
|
|
|
72 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total impaired loans |
|
$ |
24,218 |
|
|
$ |
23,548 |
|
|
$ |
2,009 |
|
|
$ |
20,014 |
|
|
$ |
147 |
|
The Recorded Investment is defined as the
principal balance less principal payments and charge-offs.
| |
|
|
|
|
Unpaid |
|
|
|
|
|
Average |
|
|
Interest |
|
| December 31, 2013 |
|
Recorded |
|
|
Principal |
|
|
Related |
|
|
Recorded |
|
|
Income |
|
| |
|
Investment |
|
|
Balance |
|
|
Allowance |
|
|
Investment |
|
|
Recognized |
|
| Impaired loans without a valuation allowance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Construction/Land Development |
|
$ |
3,960 |
|
|
$ |
4,543 |
|
|
$ |
- |
|
|
$ |
5,750 |
|
|
$ |
153 |
|
| Farmland |
|
|
1,459 |
|
|
|
1,459 |
|
|
|
- |
|
|
|
1,475 |
|
|
|
67 |
|
| Real Estate |
|
|
49 |
|
|
|
49 |
|
|
|
- |
|
|
|
529 |
|
|
|
3 |
|
| Multi-Family |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Commercial Real Estate |
|
|
851 |
|
|
|
851 |
|
|
|
- |
|
|
|
616 |
|
|
|
56 |
|
| Home Equity – closed end |
|
|
308 |
|
|
|
308 |
|
|
|
- |
|
|
|
284 |
|
|
|
25 |
|
| Home Equity – open end |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
20 |
|
|
|
- |
|
| Commercial & Industrial – Non-Real Estate |
|
|
242 |
|
|
|
242 |
|
|
|
- |
|
|
|
64 |
|
|
|
12 |
|
| Consumer |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Credit cards |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Dealer Finance |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
6,869 |
|
|
|
7,452 |
|
|
|
|
|
|
|
8,738 |
|
|
|
316 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Impaired loans with a valuation allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Construction/Land Development |
|
|
8,291 |
|
|
|
9,716 |
|
|
|
1,560 |
|
|
|
10,855 |
|
|
|
175 |
|
| Farmland |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Real Estate |
|
|
1,145 |
|
|
|
1,145 |
|
|
|
154 |
|
|
|
966 |
|
|
|
48 |
|
| Multi-Family |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Commercial Real Estate |
|
|
818 |
|
|
|
1,118 |
|
|
|
282 |
|
|
|
1,171 |
|
|
|
4 |
|
| Home Equity – closed end |
|
|
180 |
|
|
|
180 |
|
|
|
17 |
|
|
|
409 |
|
|
|
3 |
|
| Home Equity – open end |
|
|
100 |
|
|
|
100 |
|
|
|
9 |
|
|
|
93 |
|
|
|
5 |
|
| Commercial & Industrial – Non-Real Estate |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
141 |
|
|
|
- |
|
| Consumer |
|
|
2 |
|
|
|
2 |
|
|
|
- |
|
|
|
1 |
|
|
|
1 |
|
| Credit cards |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Dealer Finance |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
10,536 |
|
|
|
12,261 |
|
|
|
2,022 |
|
|
|
13,636 |
|
|
|
236 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total impaired loans |
|
$ |
17,405 |
|
|
$ |
19,713 |
|
|
$ |
2,022 |
|
|
$ |
22,374 |
|
|
$ |
552 |
|
|