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4. Allowance for Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2016
Allowance For Loan Losses Tables  
Summary Loan Loss Allowance Transactions

A summary of the allowance for loan losses follows:

 

March 31, 2016  (in thousands)   Beginning Balance     Charge-offs     Recoveries     Provision     Ending Balance     Individually Evaluated for Impairment     Collectively Evaluated for Impairment  
Allowance for loan losses:                                          
Construction/Land Development   $ 4,442     $ -     $ 1     $ (686 )   $ 3,757     $ 2,186     $ 1,571  
Farmland     95       -       -       (53 )     42       -       42  
Real Estate     806       23       4       354       1,141       234       907  
Multi-Family     71       -       -       (43 )     28       -       28  
Commercial Real Estate     445       -       13       293       751       74       677  
Home Equity – closed end     174       1       -       (35 )     138       -       138  
Home Equity – open end     634       1       106       252       991       587       404  
 Commercial & Industrial – Non-Real Estate     1,055       83       2       (46 )     928       27       901  
 Consumer     108       10       6       9       113       -       113  
Dealer Finance     836       69       27       (19 )     775       22       753  
Credit Cards     115       25       12       (26 )     76       -       76  
Total   $ 8,781     $ 212     $ 171     $ -     $ 8,740     $ 3,130     $ 5,610  

 

December 31, 2015  (in thousands)   Beginning Balance     Charge-offs     Recoveries     Provision     Ending Balance     Individually Evaluated for Impairment     Collectively Evaluated for Impairment  
Allowance for loan losses:                                          
Construction/Land Development   $ 4,738     $ 156     $ 85     $ (225 )   $ 4,442     $ 2,373     $ 2,069  
Farmland     -       -       -       95       95       -       95  
Real Estate     623       25       37       171       806       238       568  
Multi-Family     -       -       -       71       71       -       71  
Commercial Real Estate     126       -       65       254       445       18       427  
Home Equity – closed end     188       26       6       6       174       -       174  
Home Equity – open end     154       51       -       531       634       269       365  
 Commercial & Industrial – Non-Real Estate     1,211       -       62       (218 )     1,055       -       1,055  
 Consumer     214       32       32       (106 )     108       -       108  
Dealer Finance     1,336       251       24       (273 )     836       17       819  
Credit Cards     135       60       46       (6 )     115       -       115  
Total   $ 8,725     $ 601     $ 357     $ 300     $ 8,781     $ 2,915     $ 5,866  
Recorded Investment in Loan Receivables
March 31, 2016   Loan Receivable     Individually Evaluated for Impairment     Collectively Evaluated for Impairment  
Construction/Land Development   $ 74,760     $ 11,888     $ 62,872  
Farmland     13,068       -       13,068  
Real Estate     168,889       2,011       166,878  
Multi-Family     7,458       -       7,458  
Commercial Real Estate     129,485       1,373       128,112  
Home Equity – closed end     8,823       -       8,823  
Home Equity –open end     57,783       2,990       54,793  
Commercial & Industrial – Non-Real Estate     28,720       205       28,515  
Consumer     8,023       17       8,006  
Dealer Finance     57,306       85       57,221  
Credit Cards     2,579       -       2,579  
Total   $ 556,894     $ 18,569     $ 538,325  

 

Recorded Investment in Loan Receivables (in thousands)

 

December 31, 2015   Loan Receivable     Individually Evaluated for Impairment     Collectively Evaluated for Impairment  
Construction/Land Development   $ 69,759     $ 12,895     $ 56,864  
Farmland     13,378       -       13,378  
Real Estate     166,587       1,421       165,167  
Multi-Family     7,559       -       7,559  
Commercial Real Estate     128,032       1,197       126,835  
Home Equity – closed end     9,135       -       9,135  
Home Equity –open end     56,599       2,573       54,026  
Commercial & Industrial – Non-Real Estate     27,954       181       27,773  
Consumer     8,219       18       8,201  
Dealer Finance     54,086       72       54,013  
Credit Cards     2,745       -       2,745  
Total   $ 544,053     $ 18,357     $ 525,696  
Schedule of Aging of Past Due Receivables

Aging of Past Due Loans Receivable (in thousands) as of March 31, 2016

 

    30-59 Days Past due     60-89 Days Past Due     Greater than 90 Days (excluding non-accrual)     Non-Accrual Loans     Total Past Due     Current     Total Loan Receivable  
March 31, 2016                                          
Construction/Land Development   $ 155     $ 94     $ 52     $ 4,870     $ 5,171     $ 69,589     $ 74,760  
Farmland     -       -       -       -       -       13,068       13,068  
Real Estate     1,255       453       82       922       2,712       166,177       168,889  
Multi-Family     -       -       -       -       -       7,458       7,458  
Commercial Real Estate     426       -       138       -       564       128,921       129,485  
Home Equity – closed end     21       -       3       -       24       8,799       8,823  
Home Equity – open end     682       -       47       39       768       57,015       57,783  
Commercial & Industrial – Non- Real Estate     109       8       25       217       359       28,361       28,720  
Consumer     38       6       4       -       48       7,975       8,023  
Dealer Finance     773       238       238       73       1,322       55,984       57,306  
Credit Cards     8       2       -       -       10       2,569       2,579  
Total   $ 3,467     $ 801     $ 589     $ 6,121     $ 10,978     $ 545,916     $ 556,894  

 

 Aging of Past Due Loans Receivable (in thousands) as of December 31, 2015

 

    30-59 Days Past due     60-89 Days Past Due     Greater than 90 Days (excluding non-accrual)     Non-Accrual Loans     Total Past Due     Current     Total Loan Receivable  
December 31, 2015                                          
Construction/Land Development   $ 104     $ -     $ -     $ 4,688     $ 4,792     $ 64,967     $ 69,759  
Farmland     -       -       -       -       -       13,378       13,378  
Real Estate     2,684       1,332       272       1,010       5,298       161,289       166,587  
Multi-Family     -       -       -       -       -       7,559       7,559  
Commercial Real Estate     340       241       -       -       581       127,451       128,032  
Home Equity – closed end     41       7       -       -       48       9,087       9,135  
Home Equity – open end     918       46       107       40       1,111       55,488       56,599  
Commercial & Industrial – Non- Real Estate     114       3       25       109       251       27,703       27,954  
Consumer     120       10       -       -       130       8,089       8,219  
Dealer Finance     905       183       152       108       1,348       52,738       54,086  
Credit Cards     10       13       15       -       38       2,707       2,745  
Total   $ 5,236     $ 1,835     $ 571     $ 5,955     $ 13,597     $ 530,456     $ 544,053  
Corporate Credit Exposure

CREDIT QUALITY INDICATORS (in thousands)

AS OF MARCH 31, 2016

Corporate Credit Exposure

Credit Risk Profile by Creditworthiness Category

 

    Grade 1 Minimal Risk     Grade 2 Modest Risk     Grade 3 Average Risk     Grade 4 Acceptable Risk     Grade 5 Marginally Acceptable     Grade 6 Watch     Grade 7 Substandard     Grade 8 Doubtful     Total  
Construction/Land Development   $ -     $ 432     $ 9,285     $ 37,023     $ 13,096     $ 3,237     $ 11,687     $ -     $ 74,760  
Farmland     66       -       2,565       3,558       4,914       1,965       -       -       13,068  
Real Estate     -       1,098       58,650       74,904       23,848       8,316       2,073       -       168,889  
Multi-Family     -       371       3,880       3,014       193       -       -       -       7,458  
Commercial Real Estate     -       2,022       25,072       76,070       21,252       3,714       1,355       -       129,485  
Home Equity – closed end     -       -       3,412       3,690       1,615       103       3       -       8,823  
Home Equity – open end     -       1,571       14,737       32,797       4,805       385       3,488       -       57,783  
Commercial & Industrial (Non-Real Estate)     1,221       214       7,374       16,984       2,616       66       245       -       28,720  
Total   $ 1,287     $ 5,708     $ 124,975     $ 248,040     $ 72,339     $ 17,786     $ 18,851     $ -     $ 488,986  

  

CREDIT QUALITY INDICATORS (in thousands)

AS OF DECEMBER 31, 2015

Corporate Credit Exposure

Credit Risk Profile by Creditworthiness Category

 

    Grade 1 Minimal Risk     Grade 2 Modest Risk     Grade 3 Average Risk     Grade 4 Acceptable Risk     Grade 5 Marginally Acceptable     Grade 6 Watch     Grade 7 Substandard     Grade 8 Doubtful     Total  
Construction/Land Development   $ -     $ 485     $ 8,410     $ 31,783     $ 14,260     $ 3,216     $ 11,605     $ -     $ 69,759  
Farmland     66       -       2,615       3,768       4,952       1,977       -       -       13,378  
Real Estate     -       955       54,400       76,545       23,695       8,334       2,658       -       166,587  
Multi-Family     -       391       3,925       3,046       197       -       -       -       7,559  
Commercial Real Estate     -       2,087       25,889       74,337       20,271       4,149       1,299       -       128,032  
Home Equity – closed end     -       -       3,549       3,792       1,661       114       19       -       9,135  
Home Equity – open end     -       1,657       15,043       31,455       4,827       398       3,219       -       56,599  
Commercial & Industrial (Non-Real Estate)     896       646       6,423       17,053       2,281       517       138       -       27,954  
Total   $ 962     $ 6,221     $ 120,254     $ 241,779     $ 72,144     $ 18,705     $ 18,938     $ -     $ 479,003  
Consumer Credit Exposure

Consumer Credit Exposure

Credit Risk Profile Based on Payment Activity

 

    Credit Cards     Consumer  
Performing   $ 2,579     $ 65,014  
Non performing     -       315  
Total   $ 2,579     $ 65,329  

  

Consumer Credit Exposure

Credit Risk Profile Based on Payment Activity

 

    Credit Cards     Consumer  
Performing   $ 2,730     $ 62,046  
Non performing     15       259  
Total   $ 2,745     $ 62,305