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Allowance For Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2012
Loans and Leases Receivable, Allowance [Abstract]  
Allowance for Loan Losses
An analysis of the changes in the ALL is as follows:
 
 
For Three Months Ended
 
For Six Months Ended
(dollars in thousands)
 
June 30,
 
June 30,
 
 
2012
 
2011
 
2012
 
2011
Balance, beginning of period
 
$
39,795

 
$
68,729

 
$
39,360

 
$
93,687

Provision for losses charged to continuing operations
 
7,778

 
33,580

 
10,845

 
53,763

Net charge-offs:
 
 
 
 
 
 
 
 
Charge-offs
 
(10,285
)
 
(45,662
)
 
(14,300
)
 
(91,571
)
Recoveries
 
1,263

 
2,719

 
2,646

 
3,487

Net charge-offs
 
(9,022
)
 
(42,943
)
 
(11,654
)
 
(88,084
)
Provision for losses charged to discontinued operations
 
—

 
—

 
—

 
—

Balance, end of period
 
$
38,551

 
$
59,366

 
$
38,551

 
$
59,366

Annualized net charge-offs during the period to average loans
 
2.83
%
 
15.06
%
 
1.87
%
 
14.76
%
Annualized net charge-offs during the period to ALL
 
94.13
%
 
290.14
%
 
60.79
%
 
299.21
%
Allowance for loan losses to loans held for investment (1)
 
3.01
%
 
5.83
%
 
3.01
%
 
5.83
%
(1) Excludes discontinued operations.
Loan and Lease Credit Quality Indicators
The following table presents loan and lease balances by credit quality indicator as of June 30, 2012:
(dollars in thousands)
 
Pass
 
Special Mention
 
Substandard*
 
Doubtful*
 
 
 
 
(Ratings 1-5)
 
(Rating 6)
 
(Rating 7)
 
(Rating 8)
 
Total
Commercial and agricultural
 
$
64,091

 
$
4,591

 
$
9,685

 
$
—

 
$
78,367

Real estate - construction
 
44,799

 
3,266

 
27,511

 
—

 
75,576

Real estate - mortgage:
 
 
 
 
 
 
 
 
 
 
1-4 family residential
 
533,265

 
19,412

 
37,070

 
225

 
589,972

Commercial
 
312,648

 
64,189

 
116,757

 
127

 
493,721

Consumer
 
43,222

 
197

 
681

 
87

 
44,187

Total
 
$
998,025

 
$
91,655

 
$
191,704

 
$
439

 
$
1,281,823

*Includes $81.9 million of loans purchased in the Merger categorized as Substandard and Doubtful.
The following table presents loan and lease balances by credit quality indicator as of December 31, 2011:
(dollars in thousands)
 
Pass
 
Special Mention
 
Substandard*
 
Doubtful*
 
 
 
 
(Ratings 1-5)
 
(Rating 6)
 
(Rating 7)
 
(Rating 8)
 
Total
Commercial and agricultural
 
$
77,305

 
$
7,373

 
$
9,921

 
$
490

 
$
95,089

Real estate - construction
 
53,105

 
5,797

 
33,886

 
18

 
92,806

Real estate - mortgage:
 
 
 
 
 
 
 
 
 
 
1-4 family residential
 
385,022

 
25,864

 
42,630

 
209

 
453,725

Commercial
 
351,731

 
91,364

 
87,971

 
317

 
531,383

Consumer
 
43,487

 
279

 
387

 
379

 
44,532

Total
 
$
910,650

 
$
130,677

 
$
174,795

 
$
1,413

 
$
1,217,535

*Includes $63.6 million of loans purchased in the Merger categorized as Substandard and Doubtful.
Allowance for Loan Losses by Portfolio Segment
The following table presents ALL activity by portfolio segment for the three months ended June 30, 2012:
 
 
 
 
 
 
Real Estate - Mortgage
 
 
 
 
(dollars in thousands)
 
Commercial and Agricultural
 
Real Estate - Construction
 
1-4 Family Residential
 
Commercial
 
Consumer
 
Total

 
 
 
 
 
 
 
 
 
 
 
 
ALL:
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance at April 1, 2012
 
$
6,005

 
$
10,912

 
$
12,103

 
$
8,799

 
$
1,976

 
$
39,795

Charge-offs
 
(937
)
 
(4,521
)
 
(2,454
)
 
(954
)
 
(1,419
)
 
(10,285
)
Recoveries
 
235

 
244

 
244

 
262

 
278

 
1,263

Provision
 
1,848

 
4,685

 
(1,109
)
 
1,111

 
1,243

 
7,778

Ending balance at June 30, 2012
 
$
7,151

 
$
11,320

 
$
8,784

 
$
9,218

 
$
2,078

 
$
38,551


The following table presents ALL activity by portfolio segment for the three months ended June 30, 2011:
 
 
 
 
 
 
Real Estate - Mortgage
 
 
 
 
(dollars in thousands)
 
Commercial and Agricultural
 
Real Estate - Construction
 
1-4 Family Residential
 
Commercial
 
Consumer
 
Total
ALL:
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance at April 1, 2011
 
$
8,719

 
$
32,947

 
$
9,751

 
$
15,668

 
$
1,644

 
$
68,729

Charge-offs
 
(4,192
)
 
(21,510
)
 
(4,585
)
 
(14,002
)
 
(1,373
)
 
(45,662
)
Recoveries
 
467

 
714

 
469

 
693

 
376

 
2,719

Provision
 
1,533

 
16,268

 
3,395

 
11,260

 
1,124

 
33,580

Ending balance at June 30, 2011
 
$
6,527

 
$
28,419

 
$
9,030

 
$
13,619

 
$
1,771

 
$
59,366


The following table presents ALL activity by portfolio segment for the six months ended June 30, 2012:
 
 
 
 
 
 
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, 2012
 
$
5,776

 
$
11,995

 
$
8,885

 
$
11,063

 
$
1,641

 
$
39,360

Charge-offs
 
(1,631
)
 
(6,296
)
 
(3,159
)
 
(992
)
 
(2,222
)
 
(14,300
)
Recoveries
 
489

 
845

 
377

 
336

 
599

 
2,646

Provision
 
2,517

 
4,776

 
2,681

 
(1,189
)
 
2,060

 
10,845

Ending balance at June 30, 2012
 
$
7,151

 
$
11,320

 
$
8,784

 
$
9,218

 
$
2,078

 
$
38,551

The following table presents ALL activity by portfolio segment for the six months ended June 30, 2011:
 
 
 
 
 
 
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, 2011
 
$
11,144

 
$
46,792

 
$
7,742

 
$
26,851

 
$
1,158

 
$
93,687

Charge-offs
 
(8,467
)
 
(44,172
)
 
(6,621
)
 
(30,180
)
 
(2,131
)
 
(91,571
)
Recoveries
 
533

 
904

 
562

 
742

 
746

 
3,487

Provision
 
3,317

 
24,895

 
7,347

 
16,206

 
1,998

 
53,763

Ending balance at June 30, 2011
 
$
6,527

 
$
28,419

 
$
9,030

 
$
13,619

 
$
1,771

 
$
59,366
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 methodology at June 30, 2012.
 
 
 
 
 
 
Real Estate - Mortgage
 
 
 
 
(dollars in thousands)
 
Commercial and Agricultural
 
Real Estate - Construction
 
1-4 Family Residential
 
Commercial
 
Consumer
 
Total
ALL:
 
 
 
 
 
 
 
 
 
 
 
 
  Individually evaluated for impairment
 
$
1,208

 
$
2,247

 
$
2,056

 
$
3,012

 
$
201

 
$
8,724

  Collectively evaluated for impairment
 
4,105

 
9,002

 
6,093

 
5,488

 
1,803

 
26,491

  PI loans evaluated for credit impairment
 
1,838

 
71

 
635

 
718

 
74

 
3,336

  PI loans with no credit deterioration
 
—

 
—

 
—

 
—

 
—

 
—

Total ALL evaluated for impairment
 
$
7,151

 
$
11,320

 
$
8,784

 
$
9,218

 
$
2,078

 
$
38,551

Loans held for investment
 
 
 
 
 
 
 
 
 
 
 
 
  Individually evaluated for impairment
 
$
3,028

 
$
24,187

 
$
20,778

 
$
47,744

 
$
201

 
$
95,938

  Collectively evaluated for impairment
 
55,062

 
45,716

 
523,044

 
232,229

 
42,742

 
898,793

  PI loans with subsequent credit deterioration
 
18,911

 
2,188

 
3,179

 
12,307

 
74

 
36,659

  PI loans with no credit deterioration
 
1,366

 
3,485

 
42,971

 
201,441

 
1,170

 
250,433

Total loans evaluated for impairment
 
$
78,367

 
$
75,576

 
$
589,972

 
$
493,721

 
$
44,187

 
$
1,281,823

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 methodology at December 31, 2011.
 
 
 
 
 
 
Real Estate - Mortgage
 
 
 
 
(dollars in thousands)
 
Commercial and Agricultural
 
Real Estate - Construction
 
1-4 Family Residential
 
Commercial
 
Consumer
 
Total
ALL:
 
 
 
 
 
 
 
 
 
 
 
 
  Individually evaluated for impairment
 
$
1,506

 
$
4,899

 
$
2,140

 
$
2,415

 
$
130

 
$
11,090

  Collectively evaluated for impairment
 
4,270

 
7,096

 
6,745

 
8,648

 
1,511

 
28,270

  PI loans evaluated for credit impairment
 
—

 
—

 
—

 
—

 
—

 
—

  PI loans with no credit deterioration
 
—

 
—

 
—

 
—

 
—

 
—

Total ALL evaluated for impairment
 
$
5,776

 
$
11,995

 
$
8,885

 
$
11,063

 
$
1,641

 
$
39,360

Loans held for investment
 
 
 
 
 
 
 
 
 
 
 
 
  Individually evaluated for impairment
 
$
3,890

 
$
30,460

 
$
24,886

 
$
36,835

 
$
170

 
$
96,241

  Collectively evaluated for impairment
 
62,327

 
54,705

 
375,945

 
254,927

 
42,554

 
790,458

  PI loans with subsequent credit deterioration
 
—

 
—

 
—

 
—

 
—

 
—

  PI loans with no credit deterioration
 
28,872

 
7,641

 
52,894

 
239,621

 
1,808

 
330,836

Total loans evaluated for impairment
 
$
95,089

 
$
92,806

 
$
453,725

 
$
531,383

 
$
44,532

 
$
1,217,535
Schedule of Loans, Non Accrual Status
The following table presents loans held for investment on nonaccrual status by loan class for the dates indicated below:
(dollars in thousands)
 
June 30,
 
December 31,
 
 
2012
 
2011
Loans held for investment:
 
 
 
 
Commercial and agricultural
 
$
2,855

 
$
4,636

Real estate - construction
 
24,853

 
30,844

Real estate - mortgage:
 
 
 
 
1-4 family residential
 
22,300

 
26,048

Commercial
 
44,469

 
36,666

Consumer
 
633

 
250

Total
 
$
95,110

 
$
98,444

The following table presents loans held for sale on nonaccrual status by loan class for the dates indicated below:
(dollars in thousands)
 
June 30,
 
December 31,
 
 
2012
 
2011
Loans held for sale:
 
 
 
 
Real estate - construction
 
$
—

 
$
1,807

Real estate - mortgage:
 
 
 
 
1-4 family residential
 
—

 
517

Commercial
 
—

 
2,205

Consumer
 
—

 
—

Total
 
$
—

 
$
4,529
Past Due Loans
The following table presents an aging analysis of accruing and nonaccruing loans as of June 30, 2012:
 
 
Past Due
 
 
 
 
 
 
 
 
 
 
(dollars in thousands)
 
 
 
 
 

 
 
 
 
 
PI Loans
 
 
 
90 or more
 
 
30-59 Days
 
60-89 Days
 
90 or More Days
 
Total
 
Current
 
No credit deterior- ation
 
Credit deterior-ation
 
Total Loans
 
days past due and Accruing
Commercial and agricultural
 
$
893

 
$
437

 
$
2,681

 
$
4,011

 
$
54,079

 
$
1,366

 
$
18,911

 
$
78,367

 
$
79

Real estate - construction
 
1,353

 
4,813

 
12,844

 
19,010

 
50,893

 
3,485

 
2,188

 
75,576

 
—

Real estate - mortgage:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1-4 family residential
 
5,037

 
823

 
13,009

 
18,869

 
524,953

 
42,971

 
3,179

 
589,972

 
—

Commercial
 
4,727

 
1,332

 
29,674

 
35,733

 
244,240

 
201,441

 
12,307

 
493,721

 
348

Consumer
 
464

 
17

 
1

 
482

 
42,461

 
1,170

 
74

 
44,187

 

Total
 
$
12,474

 
$
7,422

 
$
58,209

 
$
78,105

 
$
916,626

 
$
250,433

 
$
36,659

 
$
1,281,823

 
$
427

The following table presents an aging analysis of accruing and nonaccruing loans as of December 31, 2011:
 
 
Past Due
 
 
 
 
(dollars in thousands)
 
 
 
 
 

 
 
 
 
 
PI Loans
 
 
 
90 or more
 
 
30-59 Days
 
60-89 Days
 
90 or More Days
 
Total
 
Current
 
No credit deterior- ation
 
Credit deterior-ation
 
Total Loans
 
days past due and Accruing
Commercial and agricultural
 
$
335

 
$
425

 
$
2,755

 
$
3,515

 
$
62,702

 
$
28,872

 
$
—

 
$
95,089

 
$
305

Real estate - construction
 
1,850

 
2,206

 
21,438

 
25,494

 
59,671

 
7,641

 
—

 
92,806

 
1,400

Real estate - mortgage:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1-4 family residential
 
4,544

 
2,253

 
14,125

 
20,922

 
379,909

 
52,894

 
—

 
453,725

 
292

Commercial
 
2,926

 
6,645

 
16,330

 
25,901

 
265,861

 
239,621

 
—

 
531,383

 
1,003

Consumer
 
740

 
278

 
63

 
1,081

 
41,643

 
1,808

 
—

 
44,532

 
—

Total
 
$
10,395

 
$
11,807

 
$
54,711

 
$
76,913

 
$
809,786

 
$
330,836

 
$
—

 
$
1,217,535

 
$
3,000
Impaired Loans
The following table presents individually reviewed impaired loans, segregated by portfolio segment, and the corresponding reserve for impaired loan losses as of June 30, 2012:
 
 
 
 
Unpaid
 
 
(dollars in thousands)
 
Recorded
 
Principal
 
Related
 
 
Investment
 
Balance
 
Allowance
With no related allowance recorded:
 
 
 
 
 
 
  Commercial and agricultural
 
$
1,254

 
$
1,320

 
$
—

  Real estate - construction
 
9,496

 
14,027

 
—

  Real estate - mortgage:
 
 
 
 
 
 
1-4 family residential
 
12,197

 
14,119

 
—

Commercial
 
32,213

 
39,590

 
—

  Consumer
 
—

 
—

 
—

Total
 
$
55,160

 
$
69,056

 
$
—

With an allowance recorded:
 
 
 
 
 
 
  Commercial and agricultural
 
$
1,774

 
$
2,096

 
$
1,208

  Real estate - construction
 
14,691

 
18,669

 
2,247

  Real estate - mortgage:
 
 
 
 
 
 
1-4 family residential
 
8,581

 
9,810

 
2,056

Commercial
 
15,531

 
16,200

 
3,012

  Consumer
 
201

 
201

 
201

Total
 
$
40,778

 
$
46,976

 
$
8,724

Total impaired loans
 
 
 
 
 
 
  Commercial and agricultural
 
$
3,028

 
$
3,416

 
$
1,208

  Real estate - construction
 
24,187

 
32,696

 
2,247

  Real estate - mortgage:
 
 
 
 
 
 
1-4 family residential
 
20,778

 
23,929

 
2,056

Commercial
 
47,744

 
55,790

 
3,012

  Consumer
 
201

 
201

 
201

Total
 
$
95,938

 
$
116,032

 
$
8,724

 
 
 
 
 
 
 
PI loans with subsequent credit deterioration:
 
 
 
 
 
 
  Commercial and agricultural
 
$
18,911

 
$
18,859

 
$
1,838

  Real estate - construction
 
2,188

 
2,244

 
71

  Real estate - mortgage:
 
 
 
 
 
 
     1-4 family residential
 
3,179

 
3,729

 
635

     Commercial
 
12,307

 
12,661

 
718

  Consumer
 
74

 
62

 
74

Total
 
$
36,659

 
$
37,555

 
$
3,336

The following table presents individually reviewed impaired loans, segregated by portfolio segment, and the corresponding reserve for impaired loan losses as of December 31, 2011:
 
 
 
 
Unpaid
 
 
(dollars in thousands)
 
Recorded
 
Principal
 
Related
 
 
Investment
 
Balance
 
Allowance
With no related allowance recorded:
 
 
 
 
 
 
  Commercial and agricultural
 
$
2,354

 
$
4,346

 
$
—

  Real estate - construction
 
16,351

 
25,714

 
—

  Real estate - mortgage:
 
 
 
 
 
 
1-4 family residential
 
13,003

 
19,657

 
—

Commercial
 
22,176

 
26,964

 
—

  Consumer
 
—

 
102

 
—

Total
 
$
53,884

 
$
76,783

 
$
—

With an allowance recorded:
 
 
 
 
 
 
  Commercial and agricultural
 
$
1,536

 
$
2,047

 
$
1,506

  Real estate - construction
 
14,109

 
14,718

 
4,899

  Real estate - mortgage:
 
 
 
 
 
 
1-4 family residential
 
11,883

 
12,328

 
2,140

Commercial
 
14,659

 
14,943

 
2,415

  Consumer
 
170

 
172

 
130

Total
 
$
42,357

 
$
44,208

 
$
11,090

Total impaired loans
 
 
 
 
 
 
  Commercial and agricultural
 
$
3,890

 
$
6,393

 
$
1,506

  Real estate - construction
 
30,460

 
40,432

 
4,899

  Real estate - mortgage:
 
 
 
 
 
 
1-4 family residential
 
24,886

 
31,985

 
2,140

Commercial
 
36,835

 
41,907

 
2,415

  Consumer
 
170

 
274

 
130

Total
 
$
96,241

 
$
120,991

 
$
11,090
Impaired Loans, Average Recorded Investment and Interest Income
The following summary includes impaired loans individually reviewed as well as impaired loans held for sale and impaired loans not individually reviewed for impairment. Average recorded investment and interest income recognized on impaired loans, segregated by portfolio segment, is shown in the following table as of June 30, 2012 and June 30, 2011:
 
 
For Three Months Ended
 
For Three Months Ended
 
 
June 30, 2012
 
June 30, 2011
 
 
Average
 
Interest
 
Average
 
Interest
(dollars in thousands)
 
Recorded
 
Income
 
Recorded
 
Income
 
 
Investment
 
Recognized
 
Investment
 
Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
 
  Commercial and agricultural
 
$
2,170

 
$
3

 
$
3,086

 
$
—

  Real estate - construction
 
10,918

 
30

 
61,867

 
—

  Real estate - mortgage:
 
 
 
 
 
 
 
 
1-4 family residential
 
15,944

 
60

 
19,685

 
1

Commercial
 
33,630

 
76

 
58,170

 
1

  Consumer
 
1,000

 
15

 
161

 
—

Total
 
$
63,662

 
$
184

 
$
142,969

 
$
2

With an allowance recorded:
 
 
 
 
 
 
 
 
  Commercial and agricultural
 
$
1,790

 
$
—

 
$
5,879

 
$
—

  Real estate - construction
 
16,567

 
7

 
60,059

 
—

  Real estate - mortgage:
 
 
 
 
 
 
 
 
1-4 family residential
 
8,760

 
76

 
17,589

 
—

Commercial
 
15,832

 
151

 
32,829

 
1

  Consumer
 
652

 
13

 
282

 
—

Total
 
$
43,601

 
$
247

 
$
116,638

 
$
1

Total:
 
 
 
 
 
 
 
 
  Commercial and agricultural
 
$
3,960

 
$
3

 
$
8,965

 
$
—

  Real estate - construction
 
27,485

 
37

 
121,926

 
—

  Real estate - mortgage:
 
 
 
 
 
 
 
 
1-4 family residential
 
24,704

 
136

 
37,274

 
1

Commercial
 
49,462

 
227

 
90,999

 
2

  Consumer
 
1,652

 
28

 
443

 
—

Total
 
$
107,263

 
$
431

 
$
259,607

 
$
3

 
 
For Six Months Ended
 
For Six Months Ended
 
 
June 30, 2012
 
June 30, 2011
 
 
Average
 
Interest
 
Average
 
Interest
(dollars in thousands)
 
Recorded
 
Income
 
Recorded
 
Income
 
 
Investment
 
Recognized
 
Investment
 
Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
 
  Commercial and agricultural
 
$
2,651

 
$
10

 
$
3,756

 
$
—

  Real estate - construction
 
12,166

 
34

 
60,795

 
—

  Real estate - mortgage:
 
 
 
 
 
 
 
 
1-4 family residential
 
17,071

 
66

 
20,692

 
1

Commercial
 
31,720

 
106

 
52,421

 
1

  Consumer
 
699

 
15

 
249

 
—

Total
 
$
64,307

 
$
231

 
$
137,913

 
$
2

With an allowance recorded:
 
 
 
 
 
 
 
 
  Commercial and agricultural
 
$
1,729

 
$
—

 
$
6,738

 
$
—

  Real estate - construction
 
14,308

 
9

 
65,267

 
—

  Real estate - mortgage:
 
 
 
 
 
 
 
 
1-4 family residential
 
10,862

 
94

 
17,242

 
—

Commercial
 
15,177

 
159

 
64,386

 
1

  Consumer
 
432

 
13

 
195

 
—

Total
 
$
42,508

 
$
275

 
$
153,828

 
$
1

Total:
 
 
 
 
 
 
 
 
  Commercial and agricultural
 
$
4,380

 
$
10

 
$
10,494

 
$
—

  Real estate - construction
 
26,474

 
43

 
126,062

 
—

  Real estate - mortgage:
 
 
 
 
 
 
 
 
1-4 family residential
 
27,933

 
160

 
37,934

 
1

Commercial
 
46,897

 
265

 
116,807

 
2

  Consumer
 
1,131

 
28

 
444

 
—

Total
 
$
106,815

 
$
506

 
$
291,741

 
$
3
Troubled Debt Restructurings on Loans
For the three months ended June 30, 2012, the following table presents a breakdown of troubled debt restructurings that were restructured during the quarter segregated by portfolio segment:
 
 
For Three Months Ended June 30, 2012
 
 
 
 
Pre-Modification
 
Post-Modification
 
 
 
 
Outstanding
 
Outstanding
(dollars in thousands)
 
Number
 
Recorded
 
Recorded
 
 
of Loans
 
Investment
 
Investment
Commercial and agricultural
 
—

 
$
—

 
$
—

Real estate - construction
 
4

 
369

 
329

Real estate - mortgage:
 
 
 
 
 
 
   1-4 family residential
 
—

 
—

 
—

   Commercial
 
3

 
617

 
614

Consumer
 
—

 
—

 
—

    Total
 
7

 
$
986

 
$
943


For the six months ended June 30, 2012, the following table presents a breakdown of troubled debt restructurings that were restructured during the six month period segregated by portfolio segment:

 
 
For Six Months Ended June 30, 2012
 
 
 
 
Pre-Modification
 
Post-Modification
 
 
 
 
Outstanding
 
Outstanding
(dollars in thousands)
 
Number
 
Recorded
 
Recorded
 
 
of Loans
 
Investment
 
Investment
Commercial and agricultural
 
—

 
$
—

 
$
—

Real estate - construction
 
9

 
2,526

 
1,603

Real estate - mortgage:
 
 
 
 
 
 
   1-4 family residential
 
2

 
58

 
58

   Commercial
 
8

 
1,356

 
1,353

Consumer
 
—

 
—

 
—

    Total
 
19

 
$
3,940

 
$
3,014