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Loans and Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2015
Loans Receivable, Net [Abstract]  
Past Due Loans
The following table presents an aging analysis of accruing and nonaccruing loans as of December 31, 2015:
(dollars in thousands)
 
Accruing
 
 
 
 
 
 
 
 
 
 
30-59 days past due
 
60-89 days past due
 
More than 90 days past due
 
Nonaccrual
 
Total past due and nonaccrual
 
Current and accruing
 
Total Loans
PC and Originated Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and agricultural
 
$
—

 
$
1

 
$
—

 
$
1,053

 
$
1,054

 
$
146,257

 
$
147,311

Real estate - construction
 
761

 
140

 
—

 
110

 
1,011

 
98,247

 
99,258

Real estate - mortgage:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1-4 family residential
 
2,710

 
574

 
817

 
9,106

 
13,207

 
660,430

 
673,637

Commercial
 
661

 
34

 
—

 
7,209

 
7,904

 
421,220

 
429,124

Consumer
 
1,227

 
250

 
1

 
538

 
2,016

 
104,885

 
106,901

Total
 
$
5,359

 
$
999

 
$
818

 
$
18,016

 
$
25,192

 
$
1,431,039

 
$
1,456,231

PI loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and agricultural
 
$
102

 
$
—

 
$
1,618

 
$
—

 
$
1,720

 
$
3,275

 
$
4,995

Real estate - construction
 
—

 
—

 
1,455

 
—

 
1,455

 
6,289

 
7,744

Real estate - mortgage:
 
 
 
 
 

 
 
 
 
 
 
 
 
1-4 family residential
 
602

 
15

 
1,127

 
—

 
1,744

 
12,173

 
13,917

Commercial
 
517

 
123

 
8,819

 
—

 
9,459

 
50,530

 
59,989

Consumer
 
8

 
—

 
6

 
—

 
14

 
905

 
919

Total
 
$
1,229

 
$
138

 
$
13,025

 
$
—

 
$
14,392

 
$
73,172

 
$
87,564

Total Loans
 
$
6,588

 
$
1,137

 
$
13,843

 
$
18,016

 
$
39,584

 
$
1,504,211

 
$
1,543,795


The following table presents an aging analysis of accruing and nonaccruing loans as of December 31, 2014:
(dollars in thousands)
 
Accruing
 
 
 
 
 
 
 
 
 
 
30-59 days past due
 
60-89 days past due
 
More than 90 days past due
 
Nonaccrual
 
Total past due and nonaccrual
 
Current and accruing
 
Total Loans
PC and Originated Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and agricultural
 
$
—

 
$
—

 
$
—

 
$
608

 
$
608

 
$
105,269

 
$
105,877

Real estate - construction
 
100

 
—

 
—

 
2,307

 
2,407

 
66,723

 
69,130

Real estate - mortgage:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1-4 family residential
 
2,719

 
147

 
—

 
8,637

 
11,503

 
638,364

 
649,867

Commercial
 
105

 
141

 
—

 
13,381

 
13,627

 
325,356

 
338,983

Consumer
 
744

 
225

 
5

 
355

 
1,329

 
69,760

 
71,089

Total
 
$
3,668

 
$
513

 
$
5

 
$
25,288

 
$
29,474

 
$
1,205,472

 
$
1,234,946

PI loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and agricultural
 
$
—

 
$
—

 
$
2,232

 
$
—

 
$
2,232

 
$
5,303

 
$
7,535

Real estate - construction
 
—

 
—

 
3,737

 
—

 
3,737

 
5,460

 
9,197

Real estate - mortgage:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1-4 family residential
 
579

 
15

 
2,209

 
—

 
2,803

 
14,934

 
17,737

Commercial
 
287

 
119

 
12,964

 
—

 
13,370

 
73,975

 
87,345

Consumer
 
2

 
—

 
10

 
—

 
12

 
1,016

 
1,028

Total
 
$
868

 
$
134

 
$
21,152

 
$
—

 
$
22,154

 
$
100,688

 
$
122,842

Total Loans
 
$
4,536

 
$
647

 
$
21,157

 
$
25,288

 
$
51,628

 
$
1,306,160

 
$
1,357,788
Loan Credit Quality Indicators
The following table presents loans held for investment balances by risk grade as of December 31, 2015:
(dollars in thousands)
 
Pass
 
Special Mention
 
Substandard
 
Doubtful
 
 
 
 
(Ratings 1-5)
 
(Rating 6)
 
(Rating 7)
 
(Rating 8)
 
Total
Commercial and agricultural
 
$
148,844

 
$
672

 
$
2,790

 
$
—

 
$
152,306

Real estate - construction
 
100,252

 
2,122

 
4,628

 
—

 
107,002

Real estate - mortgage:
 
 
 
 
 
 
 
 
 
 
1-4 family residential
 
669,695

 
3,508

 
14,351

 
—

 
687,554

Commercial
 
450,587

 
12,765

 
25,761

 
—

 
489,113

Consumer
 
107,008

 
4

 
553

 
255

 
107,820

Total
 
$
1,476,386

 
$
19,071

 
$
48,083

 
$
255

 
$
1,543,795

The following table presents loans held for investment balances by risk grade as of December 31, 2014:
(dollars in thousands)
 
Pass
 
Special Mention
 
Substandard
 
Doubtful
 
 
 
 
(Ratings 1-5)
 
(Rating 6)
 
(Rating 7)
 
(Rating 8)
 
Total
Commercial and agricultural
 
$
104,165

 
$
6,318

 
$
2,930

 
$
—

 
$
113,413

Real estate - construction
 
68,995

 
2,411

 
6,921

 
—

 
78,327

Real estate - mortgage:
 
 
 
 
 
 
 
 
 
 
1-4 family residential
 
646,897

 
5,363

 
15,342

 
—

 
667,602

Commercial
 
363,267

 
25,715

 
36,984

 
362

 
426,328

Consumer
 
71,350

 
11

 
376

 
381

 
72,118

Total
 
$
1,254,674

 
$
39,818

 
$
62,553

 
$
743

 
$
1,357,788
Schedule of Impaired Loans Receivables
The following table summarizes information relative to impaired loans for the dates indicated:
 
 
December 31, 2015
 
December 31, 2014
(dollars in thousands)
 
Balance
 
Associated Reserves
 
Balance
 
Associated Reserves
Impaired loans, not individually reviewed for impairment
 
$
4,903

 
$
—

 
$
4,967

 
$
—

Impaired loans, individually reviewed, with no reserves
 
22,411

 
—

 
26,631

 
—

Impaired loans, individually reviewed, with reserves
 
3,817

 
399

 
7,851

 
418

Total impaired loans, excluding purchased impaired *
 
$
31,131

 
399

 
$
39,449

 
418

 
 
 
 
 
 
 
 
 
Purchased impaired loans with subsequent deterioration
 
$
84,329

 
2,754

 
$
118,701

 
3,237

Purchased impaired loans with no subsequent deterioration
 
3,235

 
—

 
4,141

 
—

Total Reserves
 
 
 
$
3,153

 
 
 
$
3,655

 
 
 
 
 
 
 
 
 
Average impaired loans, excluding purchased impaired, calculated using a simple average
 
$
35,290

 
 
 
$
43,446

 
 
* Included at December 31, 2015 and December 31, 2014 were $13.1 million and $14.1 million, respectively, in restructured and performing loans.
Schedule of Loans, Non Accrual Status
The following table presents loans held for investment on nonaccrual status by loan class for the dates indicated:
(dollars in thousands)
 
 
 
 
 
 
December 31, 2015
 
December 31, 2014
Loans held for investment:
 
 
 
 
Commercial and agricultural
 
$
1,053

 
$
608

Real estate - construction
 
110

 
2,307

Real estate - mortgage:
 
 
 
 
1-4 family residential
 
9,106

 
8,637

Commercial
 
7,209

 
13,381

Consumer
 
538

 
355

Total nonaccrual loans
 
18,016

 
25,288

Loans more than 90 days delinquent, still on accrual
 
817

 
5

Total nonperforming loans
 
$
18,833

 
$
25,293
Impaired Loans
The following table presents individually reviewed impaired loans and purchased impaired loans with subsequent credit deterioration, segregated by portfolio segment, and the corresponding reserve for impaired loan losses as of December 31, 2015:
 
 
 
 
Unpaid
 
 
(dollars in thousands)
 
Recorded
 
Principal
 
Related
 
 
Investment
 
Balance
 
Allowance
With no related allowance recorded:
 
 
 
 
 
 
  Commercial and agricultural
 
$
399

 
$
479

 
$
—

  Real estate - construction
 
775

 
939

 
—

  Real estate - mortgage:
 
 
 
 
 
 
1-4 family residential
 
7,418

 
9,406

 
—

Commercial
 
13,820

 
19,116

 
—

  Consumer
 
—

 
—

 
—

Total
 
$
22,412

 
$
29,940

 
$
—

With an allowance recorded:
 
 
 
 
 
 
  Commercial and agricultural
 
$
—

 
$
—

 
$
—

  Real estate - construction
 
—

 
—

 
—

  Real estate - mortgage:
 
 
 
 
 
 
1-4 family residential
 
3,817

 
4,691

 
399

Commercial
 
—

 
—

 
—

  Consumer
 
—

 
—

 
—

Total
 
$
3,817

 
$
4,691

 
$
399

Total individually evaluated impaired loans:
 
 
 
 
 
 
  Commercial and agricultural
 
$
399

 
$
479

 
$
—

  Real estate - construction
 
775

 
939

 
—

  Real estate - mortgage:
 
 
 
 
 
 
1-4 family residential
 
11,235

 
14,097

 
399

Commercial
 
13,820

 
19,116

 
—

  Consumer
 
—

 
—

 
—

Total
 
$
26,229

 
$
34,631

 
$
399

PI loans with subsequent credit deterioration:
 
 
 
 
 
 
  Commercial and agricultural
 
$
4,995

 
$
3,908

 
$
311

  Real estate - construction
 
7,323

 
8,121

 
579

  Real estate - mortgage:
 
 
 
 
 
 
     1-4 family residential
 
11,103

 
11,327

 
384

     Commercial
 
59,989

 
60,582

 
1,356

  Consumer
 
919

 
598

 
124

Total
 
$
84,329

 
$
84,536

 
$
2,754

The following table presents individually reviewed impaired loans, and purchased impaired loans with subsequent credit deterioration, segregated by portfolio segment, and the corresponding reserve for impaired loan losses as of December 31, 2014:
 
 
 
 
Unpaid
 
 
(dollars in thousands)
 
Recorded
 
Principal
 
Related
 
 
Investment
 
Balance
 
Allowance
With no related allowance recorded:
 
 
 
 
 
 
  Commercial and agricultural
 
$
—

 
$
—

 
$
—

  Real estate - construction
 
2,344

 
2,898

 
—

  Real estate - mortgage:
 
 
 
 
 
 
1-4 family residential
 
8,115

 
10,238

 
—

Commercial
 
16,172

 
22,060

 
—

  Consumer
 
—

 
—

 
—

Total
 
$
26,631

 
$
35,196

 
$
—

With an allowance recorded:
 
 
 
 
 
 
  Commercial and agricultural
 
$
498

 
$
498

 
$
58

  Real estate - construction
 
—

 
—

 
—

  Real estate - mortgage:
 
 
 
 
 
 
1-4 family residential
 
3,294

 
3,676

 
331

Commercial
 
4,059

 
4,228

 
29

  Consumer
 
—

 
—

 
—

Total
 
$
7,851

 
$
8,402

 
$
418

Total individually evaluated impaired loans:
 
 
 
 
 
 
  Commercial and agricultural
 
$
498

 
$
498

 
$
58

  Real estate - construction
 
2,344

 
2,898

 
—

  Real estate - mortgage:
 
 
 
 
 
 
1-4 family residential
 
11,409

 
13,914

 
331

Commercial
 
20,231

 
26,288

 
29

  Consumer
 
—

 
—

 
—

Total
 
$
34,482

 
$
43,598

 
$
418

PI loans with subsequent credit deterioration:
 
 
 
 
 
 
  Commercial and agricultural
 
$
7,535

 
$
6,149

 
$
257

  Real estate - construction
 
8,619

 
9,855

 
507

  Real estate - mortgage:
 
 
 
 
 
 
     1-4 family residential
 
14,174

 
15,278

 
199

     Commercial
 
87,345

 
90,830

 
2,085

  Consumer
 
1,028

 
667

 
189

Total
 
$
118,701

 
$
122,779

 
$
3,237
Impaired Loans, Average Recorded Investment and Interest Income
Average recorded investment and interest income recognized on impaired loans, segregated by portfolio segment, is shown in the following table for the years indicated:

 
 
For Twelve Months Ended
 
For Twelve Months Ended
 
For Twelve Months Ended
 
 
December 31, 2015
 
December 31, 2014
 
December 31, 2013
 
 
Average
 
Interest
 
Average
 
Interest
 
Average
 
Interest
(dollars in thousands)
 
Recorded
 
Income
 
Recorded
 
Income
 
Recorded
 
Income
 
 
Investment
 
Recognized
 
Investment
 
Recognized
 
Investment
 
Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
  Commercial and agricultural
 
$
429

 
$
—

 
$
—

 
$
—

 
$
784

 
$
8

  Real estate - construction
 
1,015

 
34

 
2,867

 
40

 
9,075

 
35

  Real estate - mortgage:
 
 
 
 
 
 
 
 
 
 
 
 
1-4 family residential
 
7,828

 
106

 
8,797

 
131

 
11,920

 
100

Commercial
 
14,276

 
226

 
17,574

 
354

 
29,384

 
254

  Consumer
 
—

 
—

 
—

 
—

 
—

 
—

Total
 
$
23,548

 
$
366

 
$
29,238

 
$
525

 
$
51,163

 
$
397

With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
  Commercial and agricultural
 
$
—

 
$
—

 
$
535

 
$
20

 
$
283

 
$
5

  Real estate - construction
 
—

 
—

 
—

 
—

 
638

 
9

  Real estate - mortgage:
 
 
 
 
 
 
 
 
 
 
 
 
1-4 family residential
 
3,953

 
60

 
3,148

 
75

 
2,713

 
20

Commercial
 
958

 
52

 
4,149

 
196

 
4,127

 
4

  Consumer
 
—

 
—

 
—

 
—

 
83

 
1

Total
 
$
4,911

 
$
112

 
$
7,832

 
$
291

 
$
7,844

 
$
39

Total:
 
 
 
 
 
 
 
 
 
 
 
 
  Commercial and agricultural
 
$
429

 
$
—

 
$
535

 
$
20

 
$
1,067

 
$
13

  Real estate - construction
 
1,015

 
34

 
2,867

 
40

 
9,713

 
44

  Real estate - mortgage:
 
 
 
 
 
 
 
 
 
 
 
 
1-4 family residential
 
11,781

 
166

 
11,945

 
206

 
14,633

 
120

Commercial
 
15,234

 
278

 
21,723

 
550

 
33,511

 
258

  Consumer
 
—

 
—

 
—

 
—

 
83

 
1

Total
 
$
28,459

 
$
478

 
$
37,070

 
$
816

 
$
59,007

 
$
436
Schedule of Loans Receivable, Acquired Loans
The following tables present the balance of all Granite Purchased Loans:
 
 
At December 31, 2015
(dollars in thousands)
 
Purchased Impaired
 
Purchased Contractual
 
Total Purchased Loans
 
Unpaid
Principal
Balance
Commercial and agricultural
 
$
4,995

 
$
238

 
$
5,233

 
$
4,149

Real estate - construction
 
7,744

 
—

 
7,744

 
8,579

Real estate - mortgage:
 
 
 
 
 
 
 
 
   1-4 family residential
 
13,917

 
17,915

 
31,832

 
32,558

   Commercial
 
59,989

 
—

 
59,989

 
60,582

Consumer
 
919

 
—

 
919

 
598

       Total
 
$
87,564

 
$
18,153

 
$
105,717

 
$
106,466

 
 
At December 31, 2014
(dollars in thousands)
 
Purchased Impaired
 
Purchased Contractual
 
Total
Purchased Loans
 
Unpaid
Principal
Balance
Commercial and agricultural
 
$
7,535

 
$
4,288

 
$
11,823

 
$
10,508

Real estate - construction
 
9,197

 
—

 
9,197

 
10,463

Real estate - mortgage:
 
 
 
 
 
 
 
 
   1-4 family residential
 
17,737

 
21,660

 
39,397

 
41,295

   Commercial
 
87,345

 
—

 
87,345

 
90,830

Consumer
 
1,028

 
—

 
1,028

 
678

       Total
 
$
122,842

 
$
25,948

 
$
148,790

 
$
153,774
Deteriorated Loans Acquired, Accretable Yield Movement Schedule
These tables do not include PC loans, including Granite Purchased PC loans or purchased performing residential mortgage loans.
 
 
For Twelve Months Ended
 
For Twelve Months Ended
 
 
December 31, 2015
 
December 31, 2014
 
 
Purchased Impaired
 
Purchased Impaired
(dollars in thousands)
 
Carrying
Amount
 
Future
Accretion
 
Carrying
Amount
 
Future Accretion
Balance, beginning of period
 
$
122,842

 
$
24,898

 
$
161,652

 
$
29,989

  Accretion
 
6,979

 
(6,979
)
 
9,563

 
(9,563
)
  Increase (Decrease) in future accretion
 
—

 
(2,296
)
 
—

 
4,472

  Reclassification of loans and adjustments
 
—

 
—

 
(4,180
)
 
—

  Payments received
 
(41,002
)
 
—

 
(43,314
)
 
—

  Foreclosed and transferred to OREO
 
(1,255
)
 
—

 
(879
)
 
—

Subtotal before allowance
 
87,564

 
15,623

 
122,842

 
24,898

Allowance for credit losses
 
(2,754
)
 
—

 
(3,237
)
 
—

Net carrying amount, end of period
 
$
84,810

 
$
15,623

 
$
119,605

 
$
24,898
Allowance for Loan Losses
An analysis of the changes in the ALL is as follows:
(dollars in thousands)
 
2015
 
2014
 
2013
Balance, beginning of period
 
$
20,345

 
$
26,785

 
29,314

Provision for (recovery of) losses
 
(2,981
)
 
(5,371
)
 
523

Net charge-offs:
 
 
 
 
 
 
Charge-offs
 
(5,604
)
 
(7,703
)
 
(13,344
)
Recoveries
 
3,435

 
6,634

 
10,292

Net charge-offs
 
(2,169
)
 
(1,069
)
 
(3,052
)
Balance, end of period
 
$
15,195

 
$
20,345

 
26,785

Annualized net charge-offs during the period to average loans held for investment
 
0.15
%
 
0.08
%
 
0.26
%
Annualized net charge-offs during the period to ALL
 
14.27

 
5.25

 
11.39

Allowance for loan losses to loans held for investment
 
0.98

 
1.50

 
2.21
Allowance for Loan Losses by Portfolio Segment
The following table presents ALL activity by portfolio segment for the year ended December 31, 2015:
 
 
 
 
 
 
Real Estate - Mortgage
 
 
 
 
(dollars in thousands)
 
Commercial and Agricultural
 
Real Estate - Construction
 
1-4 Family Residential
 
Commercial
 
Consumer
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
ALL:
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance at January 1, 2015
 
$
3,915

 
$
3,163

 
$
5,847

 
$
4,179

 
$
3,241

 
$
20,345

Charge-offs
 
(309
)
 
(138
)
 
(1,297
)
 
(410
)
 
(3,450
)
 
(5,604
)
Recoveries
 
1,036

 
712

 
555

 
487

 
645

 
3,435

Provision (Recovery)
 
(2,240
)
 
(1,968
)
 
36

 
(1,928
)
 
3,119

 
(2,981
)
Ending balance at December 31, 2015
 
$
2,402

 
$
1,769

 
$
5,141

 
$
2,328

 
$
3,555

 
$
15,195

The following table presents ALL activity by portfolio segment for the year ended December 31, 2014:
 
 
 
 
 
 
Real Estate - Mortgage
 
 
 
 
(dollars in thousands)
 
Commercial and Agricultural
 
Real Estate - Construction
 
1-4 Family Residential
 
Commercial
 
Consumer
 
Total
ALL:
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance at January 1, 2014
 
$
2,931

 
$
5,233

 
$
8,869

 
$
7,195

 
$
2,557

 
$
26,785

Charge-offs
 
(1,449
)
 
(719
)
 
(1,273
)
 
(1,746
)
 
(2,516
)
 
(7,703
)
Recoveries
 
951

 
2,110

 
1,187

 
1,165

 
1,221

 
6,634

Provision (Recovery)
 
1,482

 
(3,461
)
 
(2,936
)
 
(2,435
)
 
1,979

 
(5,371
)
Ending balance at December 31, 2014
 
$
3,915

 
$
3,163

 
$
5,847

 
$
4,179

 
$
3,241

 
$
20,345

The following table presents ALL activity by portfolio segment for the year ended December 31, 2013:
 
 
 
 
 
 
Real Estate - Mortgage
 
 
 
 
(dollars in thousands)
 
Commercial and Agricultural
 
Real Estate - Construction
 
1-4 Family Residential
 
Commercial
 
Consumer
 
Total
ALL:
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance at January 1, 2013
 
$
3,238

 
$
4,987

 
$
8,701

 
$
9,627

 
$
2,761

 
$
29,314

Charge-offs
 
(1,277
)
 
(1,080
)
 
(4,032
)
 
(2,808
)
 
(4,147
)
 
(13,344
)
Recoveries
 
1,623

 
2,681

 
1,266

 
3,048

 
1,674

 
10,292

Provision (Recovery)
 
(653
)
 
(1,355
)
 
2,934

 
(2,672
)
 
2,269

 
523

Ending balance at December 31, 2013
 
$
2,931

 
$
5,233

 
$
8,869

 
$
7,195

 
$
2,557

 
$
26,785
Allowance for Loan Losses, Impairment Methodology
The following table details the recorded investment in loans related to each segment in the allowance for loan losses by portfolio segment and disaggregated on the basis of impairment evaluation methodology at December 31, 2015:
 
 
 
 
 
 
Real Estate - Mortgage
 
 
 
 
(dollars in thousands)
 
Commercial and Agricultural
 
Real Estate - Construction
 
1-4 Family Residential
 
Commercial
 
Consumer
 
Total
ALL:
 
 
 
 
 
 
 
 
 
 
 
 
  Individually evaluated for impairment
 
$
—

 
$
—

 
$
399

 
$
—

 
$
—

 
$
399

  Collectively evaluated for impairment
 
2,091

 
1,190

 
4,358

 
972

 
3,431

 
12,042

  PI loans evaluated for credit impairment
 
311

 
579

 
384

 
1,356

 
124

 
2,754

  PI loans with no credit deterioration
 
—

 
—

 
—

 
—

 
—

 
—

Total ALL
 
$
2,402

 
$
1,769

 
$
5,141

 
$
2,328

 
$
3,555

 
$
15,195

Loans held for investment:
 
 
 
 
 
 
 
 
 
 
 
 
  Individually evaluated for impairment
 
$
399

 
$
775

 
$
11,235

 
$
13,820

 
$
—

 
$
26,229

  Collectively evaluated for impairment
 
146,912

 
98,483

 
662,402

 
415,304

 
106,901

 
1,430,002

  PI loans with subsequent credit deterioration
 
4,995

 
7,323

 
11,103

 
59,989

 
919

 
84,329

  PI loans with no credit deterioration
 
—

 
421

 
2,814

 
—

 
—

 
3,235

Total loans held for investment
 
$
152,306

 
$
107,002

 
$
687,554

 
$
489,113

 
$
107,820

 
$
1,543,795

The following table details the recorded investment in loans related to each segment in the allowance for loan losses by portfolio segment and disaggregated on the basis of impairment evaluation methodology at December 31, 2014:
 
 
 
 
 
 
Real Estate - Mortgage
 
 
 
 
(dollars in thousands)
 
Commercial and Agricultural
 
Real Estate - Construction
 
1-4 Family Residential
 
Commercial
 
Consumer
 
Total
ALL:
 
 
 
 
 
 
 
 
 
 
 
 
  Individually evaluated for impairment
 
$
58

 
$
—

 
$
331

 
$
29

 
$
—

 
$
418

  Collectively evaluated for impairment
 
3,600

 
2,656

 
5,317

 
2,065

 
3,052

 
16,690

  PI loans evaluated for credit impairment
 
257

 
507

 
199

 
2,085

 
189

 
3,237

  PI loans with no credit deterioration
 
—

 
—

 
—

 
—

 
—

 
—

Total ALL
 
$
3,915

 
$
3,163

 
$
5,847

 
$
4,179

 
$
3,241

 
$
20,345

Loans held for investment:
 
 
 
 
 
 
 
 
 
 
 
 
  Individually evaluated for impairment
 
$
498

 
$
2,344

 
$
11,409

 
$
20,231

 
$
—

 
$
34,482

  Collectively evaluated for impairment
 
105,380

 
66,786

 
638,456

 
318,752

 
71,090

 
1,200,464

  PI loans with subsequent credit deterioration
 
7,535

 
8,619

 
14,174

 
87,345

 
1,028

 
118,701

  PI loans with no credit deterioration
 
—

 
578

 
3,563

 
—

 
—

 
4,141

Total loans held for investment
 
$
113,413

 
$
78,327

 
$
667,602

 
$
426,328

 
$
72,118

 
$
1,357,788
Troubled Debt Restructurings on Loans
The following table presents a breakdown of troubled debt restructurings that were restructured during the periods presented, segregated by portfolio segment:
 
 
For Twelve Months Ended December 31, 2015
 
For Twelve Months Ended December 31, 2014
 
For Twelve Months Ended December 31, 2013
 
 
 
 
Pre-Modified
 
Post-Modified
 
 
 
Pre-Modified
 
Post-Modified
 
 
 
Pre-Modified
 
Post-Modified
 
 
 
 
Outstanding
 
Outstanding
 
 
 
Outstanding
 
Outstanding
 
 
 
Outstanding
 
Outstanding
(dollars in thousands)
 
Number
 
Recorded
 
Recorded
 
Number
 
Recorded
 
Recorded
 
Number
 
Recorded
 
Recorded
 
 
of Loans
 
Investment
 
Investment
 
of Loans
 
Investment
 
Investment
 
of Loans
 
Investment
 
Investment
Commercial and agricultural
 
—

 
$
—

 
$
—

 
2

 
$
94

 
$
94

 
—

 
$
—

 
$
—

Real estate - construction
 
3

 
649

 
649

 
4

 
1,607

 
1,607

 
2

 
125

 
125

Real estate - mortgage:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   1-4 family residential
 
5

 
754

 
754

 
11

 
1,227

 
1,303

 
12

 
3,387

 
3,451

   Commercial
 
4

 
728

 
728

 
8

 
3,470

 
3,386

 
5

 
5,531

 
5,238

Consumer
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

    Total
 
12

 
$
2,131

 
$
2,131

 
25

 
$
6,398

 
$
6,390

 
19

 
$
9,043

 
$
8,814