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Loans, Net (Tables)
 12 Months Ended
Dec. 31, 2015
Receivables [Abstract]  
Consolidated loan portfolio
The consolidated loan portfolio was composed of the following:
 
2015
 
2014
(Dollars in thousands)
Outstanding
Balance
 
Percent of
Total Portfolio
 
Outstanding
Balance
 
Percent of
Total Portfolio
Real estate loans:
 
 
 
 
 
 
 
Construction
$
39,673

 
4.9
%
 
$
33,050

 
4.4
%
Secured by farmland
19,062

 
2.4

 
19,708

 
2.6

Secured by 1-4 family residential
280,096

 
34.8

 
265,216

 
35.1

Other real estate loans
258,035

 
32.0

 
255,236

 
33.8

Commercial loans
190,482

 
23.6

 
163,269

 
21.6

Consumer loans
18,333

 
2.3

 
18,367

 
2.5

Total Gross Loans (1)
805,681

 
100.0
%
 
754,846

 
100.0
%
Less allowance for loan losses
11,046

 
 

 
11,786

 
 
Net loans
$
794,635

 
 

 
$
743,060

 
 
(1) 
Includes net deferred loan costs and premiums of $3.5 million and $3.0 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, 2015 and December 31, 2014, respectively:
 
December 31, 2015
(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
$
69

 
$
—

 
$
—

 
$
69

 
$
39,604

 
$
39,673

Secured by farmland
—

 
—

 
—

 
—

 
19,062

 
19,062

Secured by 1-4 family residential
259

 
—

 
1,117

 
1,376

 
278,720

 
280,096

Other real estate loans
325

 
—

 
248

 
573

 
257,462

 
258,035

Commercial loans
1,242

 
15

 
31

 
1,288

 
189,194

 
190,482

Consumer loans
4

 
17

 
—

 
21

 
18,312

 
18,333

Total
$
1,899

 
$
32

 
$
1,396

 
$
3,327

 
$
802,354

 
$
805,681


 
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


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, 2015 and 2014, respectively:
 
2015
 
2014
(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
$
204

 
$
—

 
$
247

 
$
—

Secured by 1-4 family residential
4,460

 
—

 
4,932

 
—

Other real estate loans
1,186

 
248

 
1,472

 
—

Commercial loans
1,036

 
30

 
290

 
30

Consumer loans
1,898

 
—

 
3,003

 
—

Total
$
8,784

 
$
278

 
$
9,944

 
$
30
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, 2015 and 2014, respectively:
December 31, 2015
(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
$
30,114

 
$
10,566

 
$
271,721

 
$
243,768

 
$
183,532

 
$
16,347

 
$
756,048

Special Mention
9,024

 
—

 
896

 
7,254

 
3,638

 
42

 
20,854

Substandard
535

 
8,496

 
6,818

 
5,827

 
2,301

 
1,943

 
25,920

Doubtful
—

 
—

 
661

 
1,186

 
1,011

 
—

 
2,858

Loss
—

 
—

 
—

 
—

 
—

 
1

 
1

Ending Balance
$
39,673

 
$
19,062

 
$
280,096

 
$
258,035

 
$
190,482

 
$
18,333

 
$
805,681


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
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, 2015 and 2014:
 
December 31, 2015
(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
$
100

 
$
100

 
$
—

 
$
106

 
$
—

Secured by farmland
7,903

 
7,903

 
—

 
7,903

 
237

Secured by 1-4 family residential
701

 
736

 
—

 
703

 
—

Other real estate loans
—

 
—

 
—

 
—

 
—

Commercial loans
458

 
493

 
—

 
490

 
17

Consumer loans
—

 
—

 
—

 
—

 
—

Total with no related allowance
$
9,162

 
$
9,232

 
$
—

 
$
9,202

 
$
254

With an allowance recorded:
 

 
 

 
 

 
 

 
 

Real estate loans:
 

 
 

 
 

 
 

 
 

Construction
$
103

 
$
103

 
$
53

 
$
109

 
$
—

Secured by farmland
—

 
—

 
—

 
—

 
—

Secured by 1-4 family residential
4,426

 
4,478

 
1,120

 
4,547

 
27

Other real estate loans
4,196

 
4,196

 
464

 
4,224

 
157

Commercial loans
1,059

 
4,059

 
27

 
2,315

 
100

Consumer loans
1,898

 
1,898

 
1,000

 
2,449

 
—

Total with a related allowance
$
11,682

 
$
14,734

 
$
2,664

 
$
13,644

 
$
284

Total
$
20,844

 
$
23,966

 
$
2,664

 
$
22,846

 
$
538

 
 
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
Loans modified in TDR by class of loan
Loan modifications that were classified as TDRs during the years ended December 31, 2015 and 2014 were as follows:
 
 
Year Ended December 31,
(Dollars in thousands)
 
2015
 
2014
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
 
—

 
$
—

 
$
—

 
—

 
$
—

 
$
—

Secured by farmland
 
1

 
7,903

 
7,903

 
—

 
—

 
—

Secured by 1-4 family residential
 
—

 
—

 
—

 
4

 
1,190

 
1,190

Other real estate loans
 
4

 
4,283

 
3,872

 
1

 
200

 
200

Total real estate loans
 
5

 
12,186

 
11,775

 
5

 
1,390

 
1,390

Commercial loans
 
1

 
50

 
46

 
—

 
—

 
—

Consumer loans
 
1

 
3,000

 
3,000

 
—

 
—

 
—

Total
 
7

 
$
15,236

 
$
14,821

 
5

 
$
1,390

 
$
1,390

 
 
 
 
 
 
 
 


 
 
 
 

TDR payment defaults as of December 31, 2015 and December 31, 2014 were as follows:
 
 
Year Ended December 31,
(Dollars in thousands)
 
2015
 
2014
Class of Loan
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
Real estate loans:
 
 
 
 
 
 
 
 
   Construction
 
—

 
$
—

 
—

 
$
—

   Secured by farmland
 
—

 
—

 
—

 
—

   Secured by 1-4 family residential
 
—

 
—

 
—

 
—

   Other real estate loans
 
—

 
—

 
—

 
—

Total real estate loans
 
—

 
—

 
—

 
—

Commercial loans
 
—

 
—

 
1

 
44

Consumer loans
 
—

 
—

 
—

 
—

Total
 
—

 
$
—

 
1

 
$
44