XML 36 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
Loans, Net (Tables)
 6 Months Ended
Jun. 30, 2016
Receivables [Abstract]  
Consolidated loan portfolio
The consolidated loan portfolio was composed of the following:
 
June 30, 2016
 
December 31, 2015
(Dollars in thousands)
Outstanding
Balance
 
Percent of
Total Portfolio
 
Outstanding
Balance
 
Percent of
Total Portfolio
Real estate loans:
 
 
 
 
 
 
 
Construction
$
42,947

 
5.0
%
 
$
39,673

 
4.9
%
Secured by farmland
18,875

 
2.2

 
19,062

 
2.4

Secured by 1-4 family residential
303,200

 
35.5

 
280,096

 
34.8

Other real estate loans
275,797

 
32.3

 
258,035

 
32.0

Commercial loans
194,712

 
22.8

 
190,482

 
23.6

Consumer loans
19,116

 
2.2

 
18,333

 
2.3

Total gross loans (1)
$
854,647

 
100.0
%
 
$
805,681

 
100.0
%
Less allowance for loan losses
11,527

 
 

 
11,046

 
 
Net loans
$
843,120

 
 

 
$
794,635

 
 

(1) 
Includes net deferred loan costs and premiums of $4.1 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:
 
June 30, 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
$
—

 
$
167

 
$
—

 
$
167

 
$
42,780

 
$
42,947

Secured by farmland
—

 
—

 
—

 
—

 
18,875

 
18,875

Secured by 1-4 family residential
221

 
12

 
3,438

 
3,671

 
299,529

 
303,200

Other real estate loans
58

 
555

 
725

 
1,338

 
274,459

 
275,797

Commercial loans
246

 
—

 
522

 
768

 
193,944

 
194,712

Consumer loans
8

 
—

 
1

 
9

 
19,107

 
19,116

Total
$
533

 
$
734

 
$
4,686

 
$
5,953

 
$
848,694

 
$
854,647

 
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:
 
June 30, 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
$
30

 
$
—

 
$
204

 
$
—

Secured by 1-4 family residential
3,438

 
—

 
4,460

 
—

Other real estate loans
1,127

 
153

 
1,186

 
248

Commercial loans
511

 
25

 
1,036

 
30

Consumer loans
1,870

 
1

 
1,898

 
—

Total
$
6,976

 
$
179

 
$
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:
June 30, 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
$
37,345

 
$
10,958

 
$
294,453

 
$
266,323

 
$
188,364

 
$
17,171

 
$
814,614

Special Mention
5,572

 
—

 
2,376

 
3,483

 
3,493

 
31

 
14,955

Substandard
30

 
7,917

 
6,245

 
4,865

 
2,358

 
1,914

 
23,329

Doubtful
—

 
—

 
126

 
1,126

 
497

 
—

 
1,749

Loss
—

 
—

 
—

 
—

 
—

 
—

 
—

Ending Balance
$
42,947

 
$
18,875

 
$
303,200

 
$
275,797

 
$
194,712

 
$
19,116

 
$
854,647

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:
 
June 30, 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
$
30

 
$
30

 
$
—

 
$
31

 
$
—

Secured by farmland
7,917

 
7,917

 
—

 
7,910

 
118

Secured by 1-4 family residential
242

 
277

 
—

 
243

 
—

Other real estate loans
1,126

 
1,126

 
—

 
1,133

 
—

Commercial loans
906

 
3,906

 
—

 
1,186

 
8

Consumer loans
—

 
—

 
—

 
—

 
—

Total with no related allowance
$
10,221

 
$
13,256

 
$
—

 
$
10,503

 
$
126

With an allowance recorded:
 

 
 

 
 

 
 

 
 

Real estate loans:
 

 
 

 
 

 
 

 
 

Construction
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Secured by farmland
—

 
—

 
—

 
—

 
—

Secured by 1-4 family residential
4,254

 
4,307

 
1,094

 
4,273

 
21

Other real estate loans
2,991

 
2,991

 
222

 
3,001

 
77

Commercial loans
46

 
46

 
30

 
62

 
1

Consumer loans
1,870

 
1,870

 
787

 
1,884

 
—

Total with a related allowance
$
9,161

 
$
9,214

 
$
2,133

 
$
9,220

 
$
99

Total
$
19,382

 
$
22,470

 
$
2,133

 
$
19,723

 
$
225

 
 
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 and six months ended June 30, 2016 and 2015 were as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans Modified as TDRs
 
 
For the Three Months Ended June 30,
(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
 
—

 
—

 
—

 
1

 
7,903

 
7,903

   Secured by 1-4 family residential
 
1

 
400

 
400

 
—

 
—

 
—

   Other real estate loans
 
—

 
—

 
—

 
—

 
—

 
—

Total real estate loans
 
1

 
$
400

 
$
400

 
1

 
$
7,903

 
$
7,903

Commercial loans
 
—

 
—

 
—

 
—

 
—

 
—

Consumer loans
 
—

 
—

 
—

 
1

 
3,000

 
3,000

Total
 
1

 
$
400

 
$
400

 
2

 
$
10,903

 
$
10,903

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans Modified as TDRs
 
 
For the Six Months Ended June 30,
(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
 
—

 
—

 
—

 
1

 
7,903

 
7,903

   Secured by 1-4 family residential
 
1

 
400

 
400

 
—

 
—

 
—

   Other real estate loans
 
1

 
368

 
367

 
—

 
—

 
—

Total real estate loans
 
2

 
$
768

 
$
767

 
1

 
$
7,903

 
$
7,903

Commercial loans
 
—

 
—

 
—

 
—

 
—

 
—

Consumer loans
 
—

 
—

 
—

 
1

 
3,000

 
3,000

Total
 
2

 
$
768

 
$
767

 
1

 
$
10,903

 
$
10,903