XML 137 R38.htm IDEA: XBRL DOCUMENT v2.4.1.9
Loans, Net (Tables)
 12 Months Ended
Dec. 31, 2014
Receivables [Abstract]  
Consolidated loan portfolio
The consolidated loan portfolio was composed of the following:
 
2014
 
2013
(Dollars in thousands)
Outstanding
Balance
 
Percent of
Total Portfolio
 
Outstanding
Balance
 
Percent of
Total Portfolio
Real estate loans:
 
 
 
 
 
 
 
Construction
$
33,050

 
4.4
%
 
$
36,025

 
5.0
%
Secured by farmland
19,708

 
2.6

 
16,578

 
2.3

Secured by 1-4 family residential
265,216

 
35.1

 
273,384

 
37.5

Other real estate loans
255,236

 
33.8

 
260,333

 
35.7

Commercial loans
163,269

 
21.6

 
129,554

 
17.8

Consumer loans
18,367

 
2.5

 
12,606

 
1.7

Total Gross Loans (1)
754,846

 
100.0
%
 
728,480

 
100.0
%
Less allowance for loan losses
11,786

 
 

 
13,320

 
 
Net loans
$
743,060

 
 

 
$
715,160

 
 
(1) 
Includes net deferred loan costs and premiums of $3.0 million and $2.4 million, respectively.
Past due loans by class of loans
The following tables present a contractual aging of the recorded investment in past due loans by class of loans as of December 31, 2014 and December 31, 2013, respectively:
 
December 31, 2014
(Dollars in thousands)
30-59 Days Past Due
 
60-89 Days Past Due
 
90 Days Or Greater
 
Total Past Due
 
Current
 
Total Loans
Real estate loans:
 
 
 
 
 
 
 
 
 
 
 
Construction
$
—

 
$
—

 
$
—

 
$
—

 
$
33,050

 
$
33,050

Secured by farmland
—

 
—

 
—

 
—

 
19,708

 
19,708

Secured by 1-4 family residential
819

 
—

 
548

 
1,367

 
263,849

 
265,216

Other real estate loans
—

 
—

 
—

 
—

 
255,236

 
255,236

Commercial loans
138

 
—

 
320

 
458

 
162,811

 
163,269

Consumer loans
16

 
1

 
3,003

 
3,020

 
15,347

 
18,367

Total
$
973

 
$
1

 
$
3,871

 
$
4,845

 
$
750,001

 
$
754,846


 
December 31, 2013
(Dollars in thousands)
30-59 Days Past Due
 
60-89 Days Past Due
 
90 Days Or Greater
 
Total Past Due
 
Current
 
Total Loans
Real estate loans:
 
 
 
 
 
 
 
 
 
 
 
Construction
$
76

 
$
1,649

 
$
554

 
$
2,279

 
$
33,746

 
$
36,025

Secured by farmland
—

 
—

 
—

 
—

 
16,578

 
16,578

Secured by 1-4 family residential
590

 
3,751

 
1,022

 
5,363

 
268,021

 
273,384

Other real estate loans
116

 
—

 
4,197

 
4,313

 
256,020

 
260,333

Commercial loans
162

 
1,513

 
27

 
1,702

 
127,852

 
129,554

Consumer loans
31

 
9

 
38

 
78

 
12,528

 
12,606

Total
$
975

 
$
6,922

 
$
5,838

 
$
13,735

 
$
714,745

 
$
728,480


The following table presents the recorded investment in nonaccrual loans and loans past due ninety days or more and still accruing by class of loans as of December 31, 2014 and 2013, respectively:
 
2014
 
2013
(Dollars in thousands)
Nonaccrual
 
Past due 90 days or more and still accruing
 
Nonaccrual
 
Past due 90 days or more and still accruing
Real estate loans:
 
 
 
 
 
 
 
Construction
$
247

 
$
—

 
$
2,368

 
$
268

Secured by 1-4 family residential
4,932

 
—

 
9,458

 
539

Other real estate loans
1,472

 
—

 
6,045

 
—

Commercial loans
290

 
30

 
1,844

 
—

Consumer loans
3,003

 
—

 
37

 
1

Total
$
9,944

 
$
30

 
$
19,752

 
$
808
Summary of loan classifications by class of loan
The following tables present the recorded investment in loans by class of loan that have been classified according to the internal classification system as of December 31, 2014 and 2013, respectively:
December 31, 2014
(Dollars in thousands)
Real Estate Construction
 
Real Estate Secured by Farmland
 
Real Estate Secured by 1-4 Family Residential
 
Other Real Estate Loans
 
Commercial
 
Consumer
 
Total
Pass
$
25,637

 
$
11,203

 
$
255,898

 
$
232,169

 
$
159,595

 
$
15,310

 
$
699,812

Special Mention
6,764

 
7,903

 
1,518

 
15,687

 
3,059

 
18

 
34,949

Substandard
649

 
602

 
7,348

 
7,380

 
369

 
3,019

 
19,367

Doubtful
—

 
—

 
452

 
—

 
246

 
3

 
701

Loss
—

 
—

 
—

 
—

 
—

 
17

 
17

Ending Balance
$
33,050

 
$
19,708

 
$
265,216

 
$
255,236

 
$
163,269

 
$
18,367

 
$
754,846


December 31, 2013
(Dollars in thousands)
Real Estate Construction
 
Real Estate Secured by Farmland
 
Real Estate Secured by 1-4 Family Residential
 
Other Real Estate Loans
 
Commercial
 
Consumer
 
Total
Pass
$
31,143

 
$
8,067

 
$
253,654

 
$
238,811

 
$
126,246

 
$
12,510

 
$
670,431

Special Mention
2,245

 
7,903

 
1,732

 
9,475

 
775

 
15

 
22,145

Substandard
2,090

 
608

 
16,158

 
12,047

 
2,419

 
44

 
33,366

Doubtful
547

 
—

 
1,840

 
—

 
114

 
37

 
2,538

Loss
—

 
—

 
—

 
—

 
—

 
—

 
—

Ending Balance
$
36,025

 
$
16,578

 
$
273,384

 
$
260,333

 
$
129,554

 
$
12,606

 
$
728,480
Loans identified as impaired by class of loan
The following tables present loans individually evaluated for impairment by class of loan as of and for the year ended December 31, 2014 and 2013:
 
December 31, 2014
(Dollars in thousands)
Recorded Investment
 
Unpaid Principal Balance
 
Related Allowance
 
Average Recorded Investment
 
Interest Income Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
Real estate loans:
 
 
 
 
 
 
 
 
 
Construction
$
131

 
$
131

 
$
—

 
$
138

 
$
—

Secured by farmland
7,903

 
7,903

 
—

 
7,903

 
454

Secured by 1-4 family residential
1,919

 
2,047

 
—

 
2,032

 
16

Other real estate loans
3,289

 
3,289

 
—

 
3,352

 
104

Commercial loans
448

 
448

 
—

 
454

 
18

Consumer loans
—

 
—

 
—

 
—

 
—

Total with no related allowance
$
13,690

 
$
13,818

 
$
—

 
$
13,879

 
$
592

With an allowance recorded:
 

 
 

 
 

 
 

 
 

Real estate loans:
 

 
 

 
 

 
 

 
 

Construction
$
115

 
$
115

 
$
66

 
$
124

 
$
—

Secured by farmland
—

 
—

 
—

 
—

 
—

Secured by 1-4 family residential
3,694

 
3,746

 
1,370

 
3,704

 
11

Other real estate loans
1,242

 
1,242

 
294

 
1,260

 
69

Commercial loans
398

 
1,248

 
292

 
783

 
7

Consumer loans
3,019

 
3,019

 
647

 
3,021

 
2

Total with a related allowance
$
8,468

 
$
9,370

 
$
2,669

 
$
8,892

 
$
89

Total
$
22,158

 
$
23,188

 
$
2,669

 
$
22,771

 
$
681

 
 
December 31, 2013
(Dollars in thousands)
Recorded Investment
 
Unpaid Principal Balance
 
Related Allowance
 
Average Recorded Investment
 
Interest Income Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
Real estate loans:
 
 
 
 
 
 
 
 
 
Construction
$
1,924

 
$
2,475

 
$
—

 
$
1,975

 
$
13

Secured by farmland
—

 
—

 
—

 
—

 
—

Secured by 1-4 family residential
3,930

 
4,452

 
—

 
4,415

 
6

Other real estate loans
4,458

 
4,458

 
—

 
4,552

 
104

Commercial loans
2,115

 
2,115

 
—

 
2,267

 
—

Consumer loans
—

 
—

 
—

 
—

 
—

Total with no related allowance
$
12,427

 
$
13,500

 
$
—

 
$
13,209

 
$
123

With an allowance recorded:
 

 
 

 
 

 
 

 
 

Real estate loans:
 

 
 

 
 

 
 

 
 

Construction
$
712

 
$
712

 
$
486

 
$
878

 
$
—

Secured by farmland
—

 
—

 
—

 
—

 
—

Secured by 1-4 family residential
6,481

 
6,428

 
3,045

 
6,632

 
47

Other real estate loans
4,684

 
4,684

 
812

 
4,840

 
71

Commercial loans
355

 
377

 
275

 
399

 
10

Consumer loans
37

 
37

 
37

 
39

 
—

Total with a related allowance
$
12,269

 
$
12,238

 
$
4,655

 
$
12,788

 
$
128

Total
$
24,696

 
$
25,738

 
$
4,655

 
$
25,997

 
$
251
Loans modified in TDR by class of loan
Loan modifications that were classified as TDRs during the years ended December 31, 2014 and 2013 were as follows:
 
 
Year Ended December 31,
(Dollars in thousands)
 
2014
 
2013
Class of Loan
 
Number of Contracts
 
Pre-Modification Outstanding Recorded Investment
 
Post-Modification Outstanding Recorded Investment
 
Number of Contracts
 
Pre-Modification Outstanding Recorded Investment
 
Post-Modification Outstanding Recorded Investment
Real estate loans:
 
 
 
 
 
 
 
 
 
 
 
 
Construction
 
—

 
$
—

 
$
—

 
4

 
$
765

 
$
698

Secured by farmland
 
—

 
—

 
—

 
—

 
—

 
—

Secured by 1-4 family residential
 
4

 
1,190

 
1,190

 
12

 
3,627

 
3,207

Other real estate loans
 
1

 
200

 
200

 
5

 
869

 
805

Total real estate loans
 
5

 
1,390

 
1,390

 
21

 
5,261

 
4,710

Commercial loans
 
—

 
—

 
—

 
2

 
516

 
509

Consumer loans
 
—

 
—

 
—

 
—

 
—

 
—

Total
 
5

 
$
1,390

 
$
1,390

 
23

 
$
5,777

 
$
5,219

 
 
 
 
 
 
 
 


 
 
 
 

TDR payment defaults as of December 31, 2014 and December 31, 2013 were as follows:
 
 
Year Ended December 31,
(Dollars in thousands)
 
2014
 
2013
Class of Loan
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
Real estate loans:
 
 
 
 
 
 
 
 
   Construction
 
—

 
$
—

 
1

 
$
132

   Secured by farmland
 
—

 
—

 
—

 
—

   Secured by 1-4 family residential
 
—

 
—

 
—

 
—

   Other real estate loans
 
—

 
—

 
—

 
—

Total real estate loans
 
—

 
—

 
1

 
132

Commercial loans
 
1

 
44

 
—

 
—

Consumer loans
 
—

 
—

 
—

 
—

Total
 
1

 
$
44

 
1

 
$
132