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Loans (Tables)
 9 Months Ended
Sep. 30, 2018
Receivables [Abstract]  
Components of Loans Receivable
The loan portfolio consisted of the following (in thousands):
 
 
September 30, 2018
 
December 31, 2017
Commercial, financial and agricultural
 
$
295,802

 
$
435,207

Real estate – construction
 
90,444

 
90,287

Real estate – commercial
 
394,416

 
454,051

Real estate – residential
 
136,151

 
146,751

Consumer and other
 
45,338

 
56,398

Lease financing receivable
 
592

 
732

Total loans
 
962,743

 
1,183,426

Allowance for loan and lease losses
 
(24,450
)
 
(26,888
)
Total loans, net
 
$
938,293

 
$
1,156,538
Roll Forward of Activity in Allowance for Loan Losses
A rollforward of the activity within the allowance for loan losses by loan type and recorded investment in loans for the nine months ended September 30, 2018 and 2017 is as follows (in thousands):
 
 
 
September 30, 2018
 
 
 
 
Real Estate
 
 
 
 
 
 
 
 
Coml, Fin,
and Agric
 
Construction
 
Commercial
 
Residential
 
Consumer and other
 
Lease
financing
receivable
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
 
$
20,577

 
$
596

 
$
3,893

 
$
837

 
$
982

 
$
3

 
$
26,888

Charge-offs
 
(6,782
)
 
(6
)
 
(1,034
)
 
(549
)
 
(606
)
 
—

 
(8,977
)
Recoveries
 
1,628

 
—

 
7

 
1

 
163

 
—

 
1,799

Provision
 
2,872

 
(240
)
 
687

 
1,094

 
327

 
—

 
4,740

Ending balance
 
$
18,295

 
$
350

 
$
3,553

 
$
1,383

 
$
866

 
$
3

 
$
24,450

Ending balance: individually evaluated for impairment
 
$
7,373

 
$
69

 
$
105

 
$
—

 
$
—

 
$
—

 
$
7,547

Ending balance: collectively evaluated for impairment
 
$
10,922

 
$
281

 
$
3,448

 
$
1,383

 
$
866

 
$
3

 
$
16,903

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Ending balance
 
$
295,802

 
$
90,444

 
$
394,416

 
$
136,151

 
$
45,338

 
$
592

 
$
962,743

Ending balance: individually evaluated for impairment
 
$
24,923

 
$
610

 
$
23,175

 
$
—

 
$
—

 
$
—

 
$
48,708

Ending balance: collectively evaluated for impairment
 
$
270,879

 
$
89,834

 
$
371,241

 
$
136,151

 
$
45,338

 
$
592

 
$
914,035

 
 
September 30, 2017
 
 
 
 
Real Estate
 
 
 
 
 
 
 
 
Coml, Fin,
and Agric
 
Construction
 
Commercial
 
Residential
 
Consumer and other
 
Lease
financing
receivable
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
 
$
16,057

 
$
585

 
$
5,384

 
$
940

 
$
1,401

 
$
5

 
$
24,372

Charge-offs
 
(15,106
)
 
(70
)
 
(3,618
)
 
(293
)
 
(860
)
 
—

 
(19,947
)
Recoveries
 
537

 
—

 
158

 
97

 
235

 
—

 
1,027

Provision
 
17,413

 
28

 
2,024

 
(40
)
 
177

 
(1
)
 
19,601

Ending balance
 
$
18,901

 
$
543

 
$
3,948

 
$
704

 
$
953

 
$
4

 
$
25,053

Ending balance: individually evaluated for impairment
 
$
3,254

 
$
17

 
$
904

 
$
7

 
$
69

 
$
1

 
$
4,252

Ending balance: collectively evaluated for impairment
 
$
15,647

 
$
526

 
$
3,044

 
$
697

 
$
884

 
$
3

 
$
20,801

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Ending balance
 
$
447,482

 
$
90,088

 
$
473,046

 
$
155,676

 
$
68,917

 
$
760

 
$
1,235,969

Ending balance: individually evaluated for impairment
 
$
30,892

 
$
2,416

 
$
18,132

 
$
1,031

 
$
338

 
$
34

 
$
52,843

Ending balance: collectively evaluated for impairment
 
$
416,590

 
$
87,672

 
$
454,488

 
$
154,582

 
$
68,579

 
$
726

 
$
1,182,637

Ending balance: loans acquired with deteriorated credit quality
 
$
—

 
$
—

 
$
426

 
$
63

 
$
—

 
$
—

 
$
489
Age Analysis of Past Due Loans by Class of Loans
An age analysis of past due loans (including both accruing and non-accruing loans) is as follows (in thousands):
 
 
September 30, 2018
 
 
30-59
Days
Past Due
 
60-89
Days
Past
Due
 
Greater
than 90
Days
Past Due
 
Total
Past
Due
 
Current
 
Total Loans
 
Loans >90 Days Past Due and Still Accruing
Commercial, financial, and agricultural
 
$
4,814

 
$
49

 
$
19,908

 
$
24,771

 
$
271,031

 
$
295,802

 
$
6

Real estate - construction
 
1,086

 
—

 
176

 
1,262

 
89,182

 
90,444

 
—

Real estate - commercial
 
1,200

 
521

 
20,009

 
21,730

 
372,686

 
394,416

 
—

Real estate - residential
 
1,234

 
237

 
1,507

 
2,978

 
133,173

 
136,151

 
—

Consumer and other
 
128

 
61

 
38

 
227

 
45,111

 
45,338

 
1

Lease financing receivable
 
—

 
—

 
—

 
—

 
592

 
592

 
—

 
 
$
8,462

 
$
868

 
$
41,638

 
$
50,968

 
$
911,775

 
$
962,743

 
$
7

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2017
 
 
30-59
Days
Past Due
 
60-89
Days
Past
Due
 
Greater
than 90
Days
Past Due
 
Total
Past
Due
 
Current
 
Total Loans
 
Loans >90 Days Past Due and Still Accruing

Commercial, financial, and agricultural
 
$
1,195

 
$
1,893

 
$
14,847

 
$
17,935

 
$
417,272

 
$
435,207

 
$
545

Real estate - construction
 
616

 
—

 
190

 
806

 
89,481

 
90,287

 
125

Real estate - commercial
 
5,889

 
6,402

 
4,163

 
16,454

 
431,952

 
448,406

 
58

Real estate - residential
 
1,065

 
235

 
559

 
1,859

 
144,892

 
146,751

 
—

Installment loans to individuals
 
276

 
32

 
34

 
342

 
56,056

 
56,398

 
—

Lease financing receivable
 
—

 
—

 
—

 
—

 
732

 
732

 
—

Other loans
 
—

 
—

 
—

 
—

 
5,645

 
5,645

 
—

 
 
$
9,041

 
$
8,562

 
$
19,793

 
$
37,396

 
$
1,146,030

 
$
1,183,426

 
$
728
Schedule of Loans on Nonaccrual Status
Non-accrual loans are as follows (in thousands):
 
 
 
September 30, 2018
 
December 31, 2017
Commercial, financial, and agricultural
 
$
24,919

 
$
37,418

Real estate - construction
 
599

 
66

Real estate - commercial
 
23,468

 
11,128

Real estate - residential
 
2,450

 
618

Installment loans to individuals
 
40

 
48

 
 
$
51,476

 
$
49,278
Schedule of Loans Evaluated for Impairment
The following table presents loans that are individually evaluated for impairment (in thousands). Interest income recognized represents interest on accruing loans modified in a troubled debt restructuring (TDR).
 
 
September 30, 2018
 
 
Recorded
Investment
 
Unpaid Principal Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest Income
Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
Commercial, financial, and agricultural
 
$
7,914

 
$
12,502

 
$
—

 
$
19,153

 
$
—

Real estate - construction
 
254

 
254

 
—

 
127

 
—

Real estate - commercial
 
22,382

 
23,606

 
—

 
11,874

 
—

Real estate - residential
 
—

 
—

 
—

 
151

 
—

Installment loans to individuals
 
—

 
—

 
—

 
—

 
—

Finance leases
 
—

 
—

 
—

 
—

 
—

Subtotal:
 
30,550

 
36,362

 
—

 
31,305

 
—

With an allowance recorded:
 
 

 
 

 
 

 
 

 
 

Commercial, financial, and agricultural
 
17,009

 
18,928

 
7,373

 
15,469

 
—

Real estate - construction
 
356

 
356

 
69

 
178

 
—

Real estate - commercial
 
793

 
925

 
105

 
507

 
—

Real estate - residential
 
—

 
687

 
—

 
158

 
—

Installment loans to individuals
 
—

 
—

 
—

 
24

 
—

Finance leases
 
—

 
—

 
—

 
—

 
—

Subtotal:
 
18,158

 
20,896

 
7,547

 
16,336

 
—

Totals:
 
 

 
 

 
 

 
 

 
 

Commercial
 
48,098

 
55,961

 
7,478

 
47,003

 
—

Construction
 
610

 
610

 
69

 
305

 
—

Residential
 
—

 
687

 
—

 
309

 
—

Consumer
 
—

 
—

 
—

 
24

 
—

Grand total:
 
$
48,708

 
$
57,258

 
$
7,547

 
$
47,641

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2017
 
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest Income
Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
Commercial, financial, and agricultural
 
$
24,659

 
$
30,630

 
$
—

 
$
19,880

 
$
90

Real estate - construction
 
—

 
—

 
—

 
5

 
—

Real estate - commercial
 
10,471

 
11,965

 
—

 
11,590

 
—

Real estate - residential
 
302

 
302

 
—

 
602

 
—

Installment loans to individuals
 
—

 
—

 
—

 
37

 
—

Subtotal:
 
35,432

 
42,897

 
—

 
32,114

 
90

With an allowance recorded:
 
 

 
 

 
 

 
 

 
 

Commercial, financial, and agricultural
 
14,119

 
14,150

 
7,197

 
15,245

 
1

Real estate - construction
 
66

 
136

 
23

 
33

 
—

Real estate - commercial
 
657

 
657

 
131

 
8,318

 
—

Real estate - residential
 
316

 
316

 
5

 
620

 
—

Installment loans to individuals
 
48

 
50

 
14

 
258

 
—

Subtotal:
 
15,206

 
15,309

 
7,370

 
24,474

 
1

Totals:
 
 

 
 

 
 

 
 

 
 

Commercial
 
49,906

 
57,402

 
7,328

 
55,033

 
91

Construction
 
66

 
136

 
23

 
38

 
—

Residential
 
618

 
618

 
5

 
1,222

 
—

Consumer
 
48

 
50

 
14

 
295

 
—

Grand total:
 
$
50,638

 
$
58,206

 
$
7,370

 
$
56,588

 
$
91
Credit Quality Indicators by Class of Loans
The following tables present the classes of loans by risk rating (in thousands):
 
 
 
  
 
Special
 
 
 
 
 
 
 
 
Pass
 
Mention
 
Substandard
 
Doubtful
 
Total
September 30, 2018
 
 
 
 
 
 
 
 
 
 
Commercial, Financial &
 
 
 
 
 
 
 
 
 
 
Agricultural
 
$
236,572

 
$
18,808

 
$
40,422

 
$
—

 
$
295,802

Real Estate - Construction
 
89,671

 
57

 
716

 
—

 
90,444

Real Estate - Commercial
 
340,452

 
11,042

 
42,922

 
—

 
394,416

Real Estate - Residential
 
128,947

 
988

 
6,216

 
—

 
136,151

Consumer and other
 
45,241

 
7

 
90

 
—

 
45,338

Lease Financing Receivable
 
592

 
—

 
—

 
—

 
592

Total loans
 
$
841,475

 
$
30,902

 
$
90,366

 
$
—

 
$
962,743

 
 
 
 
 
 
 
 
 
 
 
December 31, 2017
 
 
 
 
 
 
 
 
 
 
Commercial, Financial &
 
 
 
 
 
 
 
 
 
 
Agricultural
 
$
358,373

 
$
9,687

 
$
67,147

 
$
—

 
$
435,207

Real Estate - Construction
 
89,323

 
600

 
364

 
—

 
90,287

Real Estate - Commercial
 
416,925

 
3,823

 
33,303

 
—

 
454,051

Real Estate - Residential
 
144,250

 
1,233

 
1,268

 
—

 
146,751

Consumer and other
 
56,041

 
—

 
357

 
—

 
56,398

Lease Financing Receivable
 
699

 
—

 
33

 
—

 
732

Total loans
 
$
1,065,611

 
$
15,343

 
$
102,472

 
$
—

 
$
1,183,426
Schedule of Modified Troubled Debt Restructurings During the Period
The following tables present information about TDRs that were modified during the periods presented by portfolio segment (in thousands):
 
 
Three months ended
 
 
September 30, 2018
 
September 30, 2017
 
 
Number of loans
 
Pre-modification recorded investment
 
Number of loans
 
Pre-modification recorded investment
Commercial, financial and agricultural
 
—

 
$
—

 
1

 
$
18



 
 
Nine months ended
 
 
September 30, 2018
 
September 30, 2017
 
 
Number of loans
 
Pre-modification recorded investment
 
Number of loans
 
Pre-modification recorded investment
Commercial, financial and agricultural
 
—

 
$
—

 
6

 
$
2,002