XML 36 R26.htm IDEA: XBRL DOCUMENT v3.4.0.3
Loans, Net (Tables)
 3 Months Ended
Mar. 31, 2016
Receivables [Abstract]  
Consolidated loan portfolio
The consolidated loan portfolio was composed of the following:
 
March 31, 2016
 
December 31, 2015
(Dollars in thousands)
Outstanding
Balance
 
Percent of
Total Portfolio
 
Outstanding
Balance
 
Percent of
Total Portfolio
Real estate loans:
 
 
 
 
 
 
 
Construction
$
43,254

 
5.3
%
 
$
39,673

 
4.9
%
Secured by farmland
18,945

 
2.3

 
19,062

 
2.4

Secured by 1-4 family residential
288,855

 
35.0

 
280,096

 
34.8

Other real estate loans
264,456

 
32.1

 
258,035

 
32.0

Commercial loans
189,945

 
23.0

 
190,482

 
23.6

Consumer loans
19,096

 
2.3

 
18,333

 
2.3

Total Gross Loans (1)
$
824,551

 
100.0
%
 
$
805,681

 
100.0
%
Less allowance for loan losses
11,330

 
 

 
11,046

 
 
Net loans
$
813,221

 
 

 
$
794,635

 
 

(1) 
Includes net deferred loan costs and premiums of $3.2 million and $3.5 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:
 
March 31, 2016
(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
$
—

 
$
31

 
$
55

 
$
86

 
$
43,168

 
$
43,254

Secured by farmland
—

 
—

 
—

 
—

 
18,945

 
18,945

Secured by 1-4 family residential
779

 
3,084

 
236

 
4,099

 
284,756

 
288,855

Other real estate loans
—

 
67

 
377

 
444

 
264,012

 
264,456

Commercial loans
271

 
199

 
1,066

 
1,536

 
188,409

 
189,945

Consumer loans
1,928

 
—

 
—

 
1,928

 
17,168

 
19,096

Total
$
2,978

 
$
3,381

 
$
1,734

 
$
8,093

 
$
816,458

 
$
824,551

 
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


The following table presents the recorded investment in nonaccrual loans and loans past due 90 days or more and still accruing by class of loans:
 
March 31, 2016
 
December 31, 2015
(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
$
133

 
$
—

 
$
204

 
$
—

Secured by 1-4 family residential
3,488

 
109

 
4,460

 
—

Other real estate loans
1,179

 
377

 
1,186

 
248

Commercial loans
1,064

 
25

 
1,036

 
30

Consumer loans
1,883

 
—

 
1,898

 
—

Total
$
7,747

 
$
511

 
$
8,784

 
$
278
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:
March 31, 2016
(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
$
37,533

 
$
11,042

 
$
281,582

 
$
250,266

 
$
182,969

 
$
17,134

 
$
780,526

Special Mention
5,642

 
—

 
878

 
6,988

 
3,573

 
35

 
17,116

Substandard
79

 
7,903

 
6,268

 
6,023

 
2,362

 
1,927

 
24,562

Doubtful
—

 
—

 
127

 
1,179

 
1,041

 
—

 
2,347

Loss
—

 
—

 
—

 
—

 
—

 
—

 
—

Ending Balance
$
43,254

 
$
18,945

 
$
288,855

 
$
264,456

 
$
189,945

 
$
19,096

 
$
824,551

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
Loans identified as impaired by class of loan
The following tables present loans individually evaluated for impairment by class of loan:
 
March 31, 2016
(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
$
79

 
$
79

 
$
—

 
$
126

 
$
—

Secured by farmland
7,903

 
7,903

 
—

 
7,903

 
59

Secured by 1-4 family residential
242

 
277

 
—

 
242

 
—

Other real estate loans
—

 
—

 
—

 
—

 
—

Commercial loans
451

 
487

 
—

 
491

 
4

Consumer loans
—

 
—

 
—

 
—

 
—

Total with no related allowance
$
8,675

 
$
8,746

 
$
—

 
$
8,762

 
$
63

With an allowance recorded:
 

 
 

 
 

 
 

 
 

Real estate loans:
 

 
 

 
 

 
 

 
 

Construction
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Secured by farmland
—

 
—

 
—

 
—

 
—

Secured by 1-4 family residential
3,860

 
3,912

 
1,086

 
4,004

 
7

Other real estate loans
4,179

 
4,179

 
330

 
4,285

 
39

Commercial loans
1,074

 
4,073

 
57

 
1,140

 
1

Consumer loans
1,883

 
1,883

 
787

 
2,442

 
—

Total with a related allowance
$
10,996

 
$
14,047

 
$
2,260

 
$
11,871

 
$
47

Total
$
19,671

 
$
22,793

 
$
2,260

 
$
20,633

 
$
110

 
 
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
Loans modified in TDR by class of loan
Loan modifications that were classified as TDRs during the three months ended March 31, 2016 and 2015 were as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans Modified as TDRs
 
 
For the Three Months Ended March 31,
(Dollars in thousands)
 
2016
 
2015
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
 
—

 
—

 
—

 
—

 
—

 
—

   Secured by 1-4 family residential
 
—

 
—

 
—

 
—

 
—

 
—

   Other real estate loans
 
1

 
368

 
367

 
—

 
—

 
—

Total real estate loans
 
1

 
$
368

 
$
367

 
—

 
$
—

 
$
—

Commercial loans
 
—

 
—

 
—

 
—

 
—

 
—

Consumer loans
 
—

 
—

 
—

 
—

 
—

 
—

Total
 
1

 
$
368

 
$
367

 
—

 
$
—

 
$
—