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Loans (Tables)
 3 Months Ended
Mar. 31, 2017
Receivables [Abstract]  
Schedule of loans, excluding loans held for sale
Loans, excluding loans held for sale, at March 31, 2017 and December 31, 2016, were comprised of the following (dollars in thousands):
 
March 31,
2017
 
December 31, 2016
Commercial
$
219,455

 
$
208,717

Commercial real estate:
 

 
 

Construction and land development
130,691

 
114,258

Commercial real estate
538,069

 
510,960

Residential real estate:
 

 
 

Residential
216,035

 
215,104

Home equity
110,844

 
110,751

Consumer
4,864

 
5,031

Total loans
$
1,219,958

 
$
1,164,821
Schedule stating outstanding principal balance and the carrying amount of loan acquired
The outstanding principal balance and the carrying amount of these loans included in the consolidated balance sheets at March 31, 2017 and December 31, 2016 are as follows (dollars in thousands): 
 
March 31,
2017
 
December 31, 2016
Outstanding principal balance
$
98,341

 
$
104,172

Carrying amount
91,078

 
96,487

The outstanding principal balance and related carrying amount of acquired impaired loans, for which the Company applies FASB Accounting Standards Codification ("ASC") 310-30 to account for interest earned, as of the indicated dates are as follows (dollars in thousands):
 
March 31,
2017
 
December 31, 2016
Outstanding principal balance
$
33,443

 
$
34,378

Carrying amount
27,961

 
28,669
Schedule of changes in the accretable yield on acquired impaired loans
The following table presents changes in the accretable yield on acquired impaired loans, for which the Company applies FASB ASC 310-30, at March 31, 2017 and December 31, 2016 (dollars in thousands):
 
March 31, 2017
 
December 31, 2016
Balance at January 1
$
6,103

 
$
7,299

Accretion
(685
)
 
(3,232
)
Reclassification from nonaccretable difference
154

 
2,197

Other changes, net
183

 
(161
)
 
$
5,755

 
$
6,103
Schedule of analysis by portfolio segment of the entity's past due loans
The following table shows an analysis by portfolio segment of the Company's past due loans at March 31, 2017 (dollars in thousands):
 
30- 59 Days
Past Due
 
60-89 Days
Past Due
 
90 Days +
Past Due
and Still
Accruing
 
Non-
Accrual
Loans
 
Total
Past
Due
 
Current
 
Total
Loans
Commercial
$
27

 
$
139

 


 
$
47

 
$
213

 
$
219,242

 
$
219,455

Commercial real estate:
 

 
 

 
 

 
 

 
 

 
 

 
 

Construction and land development
—

 
177

 
61

 
68

 
306

 
130,385

 
130,691

Commercial real estate
95

 
—

 
276

 
769

 
1,140

 
536,929

 
538,069

Residential:
 

 
 

 
 

 
 

 
 

 
 

 
 

Residential
330

 
159

 
724

 
1,327

 
2,540

 
213,495

 
216,035

Home equity
161

 
—

 
—

 
207

 
368

 
110,476

 
110,844

Consumer
2

 
3

 
—

 
10

 
15

 
4,849

 
4,864

Total
$
615

 
$
478

 
$
1,061

 
$
2,428

 
$
4,582

 
$
1,215,376

 
$
1,219,958

The following table shows an analysis by portfolio segment of the Company's past due loans at December 31, 2016 (dollars in thousands):
 
30- 59 Days
Past Due
 
60-89 Days
Past Due
 
90 Days +
Past Due
and Still
Accruing
 
Non-
Accrual
Loans
 
Total
Past
Due
 
Current
 
Total
Loans
Commercial
$
50

 
$
—

 
$
—

 
$
19

 
$
69

 
$
208,648

 
$
208,717

Commercial real estate:
 

 
 

 
 

 
 

 
 

 
 

 
 

Construction and land development
60

 
12

 
—

 
64

 
136

 
114,122

 
114,258

Commercial real estate
—

 
127

 
339

 
773

 
1,239

 
509,721

 
510,960

Residential:
 

 
 

 
 

 
 

 
 

 
 

 
 

Residential
1,280

 
117

 
248

 
1,802

 
3,447

 
211,657

 
215,104

Home equity
229

 
—

 
—

 
289

 
518

 
110,233

 
110,751

Consumer
6

 
5

 
—

 
18

 
29

 
5,002

 
5,031

Total
$
1,625

 
$
261

 
$
587

 
$
2,965

 
$
5,438

 
$
1,159,383

 
$
1,164,821
Schedule of impaired loan balances by portfolio segment
The following table presents the Company's impaired loan balances by portfolio segment, excluding acquired impaired loans, at March 31, 2017 (dollars in thousands):
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial
$
41

 
$
40

 
$
—

 
$
17

 
$
1

Commercial real estate:
 

 
 

 
 

 
 

 
 

Construction and land development
152

 
152

 
—

 
183

 
2

Commercial real estate
1,027

 
1,025

 
—

 
1,345

 
16

Residential:
 

 
 

 
 

 
 

 
 

Residential
491

 
504

 
—

 
361

 
9

Home equity
6

 
6

 
—

 
128

 
—

Consumer
8

 
8

 
—

 
10

 
—

 
$
1,725

 
$
1,735

 
$
—

 
$
2,044

 
$
28

With a related allowance recorded:
 

 
 

 
 

 
 

 
 

Commercial *
77

 
77

 
—

 
78

 
1

Commercial real estate:
 

 
 

 
 

 
 

 
 

Construction and land development*
68

 
68

 
—

 
238

 
—

Commercial real estate*
43

 
43

 
—

 
245

 
—

Residential
 

 
 

 
 

 
 

 
 

Residential
1,396

 
1,396

 
20

 
1,564

 
8

Home equity
333

 
332

 
2

 
340

 
1

Consumer*
10

 
10

 
—

 
14

 
—

 
$
1,927

 
$
1,926

 
$
22

 
$
2,479

 
$
10

Total:
 

 
 

 
 

 
 

 
 

Commercial
$
118

 
$
117

 
$
—

 
$
95

 
$
2

Commercial real estate:
 

 
 

 
 

 
 

 
 

Construction and land development
220

 
220

 
—

 
421

 
2

Commercial real estate
1,070

 
1,068

 
—

 
1,590

 
16

Residential:
 

 
 

 
 

 
 

 
 

Residential
1,887

 
1,900

 
20

 
1,925

 
17

Home equity
339

 
338

 
2

 
468

 
1

Consumer
18

 
18

 
—

 
24

 
—

 
$
3,652

 
$
3,661

 
$
22

 
$
4,523

 
$
38

*Allowance is reported as zero in the table due to presentation in thousands and rounding.
The following table presents the Company's impaired loan balances by portfolio segment, excluding acquired impaired loans, at December 31, 2016 (dollars in thousands):
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial
$
24

 
$
24

 
$
—

 
$
12

 
$
2

Commercial real estate:
 

 
 

 
 

 
 

 
 

Construction and land development
158

 
157

 
—

 
198

 
16

Commercial real estate
1,916

 
1,917

 
—

 
1,409

 
107

Residential:
 

 
 

 
 

 
 

 
 

Residential
557

 
567

 
—

 
318

 
38

Home equity
6

 
6

 
—

 
153

 
16

Consumer
9

 
9

 
—

 
10

 
1

 
$
2,670

 
$
2,680

 
$
—

 
$
2,100

 
$
180

With a related allowance recorded:
 

 
 

 
 

 
 

 
 

Commercial*
$
19

 
$
19

 
$
—

 
$
78

 
$
1

Commercial real estate:
 

 
 

 
 

 
 

 
 

Construction and land development*
64

 
65

 
—

 
272

 
10

Commercial real estate*
48

 
48

 
—

 
286

 
7

Residential:
 

 
 

 
 

 
 

 
 

Residential
1,639

 
1,639

 
22

 
1,593

 
32

Home equity
386

 
385

 
1

 
345

 
4

Consumer*
18

 
18

 
—

 
14

 
—

 
$
2,174

 
$
2,174

 
$
23

 
$
2,588

 
$
54

Total:
 

 
 

 
 

 
 

 
 

Commercial
$
43

 
$
43

 
$
—

 
$
90

 
$
3

Commercial real estate:
 

 
 

 
 

 
 

 
 

Construction and land development
222

 
222

 
—

 
470

 
26

Commercial real estate
1,964

 
1,965

 
—

 
1,695

 
114

Residential:
 

 
 

 
 

 
 

 
 

Residential
2,196

 
2,206

 
22

 
1,911

 
70

Home equity
392

 
391

 
1

 
498

 
20

Consumer
27

 
27

 
—

 
24

 
1

 
$
4,844

 
$
4,854

 
$
23

 
$
4,688

 
$
234


*Allowance is reported as zero in the table due to presentation in thousands and rounding.
Schedule of detail of loans modified as troubled debt restructurings
The following tables show the detail of loans modified as troubled debt restructurings ("TDRs") during the three months ended March 31, 2017 included in the impaired loan balances (dollars in thousands):
 
 
Loans Modified as a TDR for the
 
 
Three Months Ended March 31, 2017
Loan Type
 
Number of Contracts
 
Pre-Modification
Outstanding Recorded
Investment
 
Post-Modification
Outstanding Recorded
Investment
Commercial
 
2

 
$
68

 
$
68

Commercial real estate
 
—

 
—

 
—

Construction and land development
 
—

 
—

 
—

Home Equity
 
1

 
21

 
21

Residential real estate
 
—

 
—

 
—

Consumer
 
—

 
—

 
—

Total
 
3

 
$
89

 
$
89

 
 
The following tables show the detail of loans modified as TDRs during the three months ended March 31, 2016 included in the impaired loan balances (dollars in thousands):
 
 
Loans Modified as a TDR for the
 
 
Three Months Ended March 31, 2016
Loan Type
 
Number of Contracts
 
Pre-Modification
Outstanding Recorded
Investment
 
Post-Modification
Outstanding Recorded
Investment
Commercial
 
—

 
$
—

 
$
—

Commercial real estate
 
1

 
68

 
66

Construction and land development
 
—

 
—

 
—

Home Equity
 
—

 
—

 
—

Residential real estate
 
—

 
—

 
—

Consumer
 
—

 
—

 
—

Total
 
1

 
$
68

 
$
66

 
 
Schedule of commercial loan portfolio broken down by internal risk grading
The following table shows the Company's loan portfolio broken down by internal risk grading as of March 31, 2017 (dollars in thousands):
Commercial and Consumer Credit Exposure
Credit Risk Profile by Internally Assigned Grade
 
Commercial
 
Construction and Land Development
 
Commercial
Real Estate
Other
 
Residential
 
Home
Equity
Pass
$
218,801

 
$
129,480

 
$
529,324

 
$
201,774

 
$
108,943

Special Mention
462

 
409

 
3,928

 
8,842

 
1,296

Substandard
192

 
802

 
4,817

 
5,419

 
605

Doubtful
—

 
—

 
—

 
—

 
—

Total
$
219,455

 
$
130,691

 
$
538,069

 
$
216,035

 
$
110,844

Consumer Credit Exposure
Credit Risk Profile Based on Payment Activity
 
Consumer
 
 
Performing
$
4,849

Nonperforming
15

Total
$
4,864

 
The following table shows the Company's loan portfolio broken down by internal risk grading as of December 31, 2016 (dollars in thousands):
Commercial and Consumer Credit Exposure
Credit Risk Profile by Internally Assigned Grade
 
Commercial
 
Construction and Land Development
 
Commercial
Real Estate
Other
 
Residential
 
Home
Equity
Pass
$
208,098

 
$
112,729

 
$
501,081

 
$
199,278

 
$
108,799

Special Mention
592

 
902

 
4,859

 
10,600

 
1,257

Substandard
27

 
627

 
5,020

 
5,226

 
695

Doubtful
—

 
—

 
—

 
—

 
—

Total
$
208,717

 
$
114,258

 
$
510,960

 
$
215,104

 
$
110,751

Consumer Credit Exposure
Credit Risk Profile Based on Payment Activity
 
Consumer
 
 
Performing
$
5,003

Nonperforming
28

Total
$
5,031