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Loans, Net (Tables)
 9 Months Ended
Sep. 30, 2016
Receivables [Abstract]  
Consolidated loan portfolio
The consolidated loan portfolio was composed of the following:
 
September 30, 2016
 
December 31, 2015
(Dollars in thousands)
Outstanding
Balance
 
Percent of
Total Portfolio
 
Outstanding
Balance
 
Percent of
Total Portfolio
Real estate loans:
 
 
 
 
 
 
 
Construction
$
32,519

 
3.8
%
 
$
39,673

 
4.9
%
Secured by farmland
16,832

 
2.0

 
19,062

 
2.4

Secured by 1-4 family residential
332,408

 
39.3

 
280,096

 
34.8

Other real estate loans
250,778

 
29.7

 
258,035

 
32.0

Commercial loans
193,826

 
22.9

 
190,482

 
23.6

Consumer loans
19,527

 
2.3

 
18,333

 
2.3

Total gross loans (1)
$
845,890

 
100.0
%
 
$
805,681

 
100.0
%
Less allowance for loan losses
11,200

 
 

 
11,046

 
 
Net loans
$
834,690

 
 

 
$
794,635

 
 

(1) 
Includes net deferred loan costs and premiums of $3.7 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:
 
September 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
$
—

 
$
—

 
$
—

 
$
—

 
$
32,519

 
$
32,519

Secured by farmland
—

 
—

 
—

 
—

 
16,832

 
16,832

Secured by 1-4 family residential
287

 
—

 
3,319

 
3,606

 
328,802

 
332,408

Other real estate loans
315

 
1,089

 
148

 
1,552

 
249,226

 
250,778

Commercial loans
568

 
350

 
495

 
1,413

 
192,413

 
193,826

Consumer loans
—

 
6

 
1,871

 
1,877

 
17,650

 
19,527

Total
$
1,170

 
$
1,445

 
$
5,833

 
$
8,448

 
$
837,442

 
$
845,890

 
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 that were past due 90 days or more and still accruing :
 
September 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
$
29

 
$
11

 
$
204

 
$
—

Secured by 1-4 family residential
3,308

 
—

 
4,460

 
—

Other real estate loans
1,089

 
148

 
1,186

 
248

Commercial loans
406

 
89

 
1,036

 
30

Consumer loans
1,871

 
—

 
1,898

 
—

Total
$
6,703

 
$
248

 
$
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:
September 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
$
26,934

 
$
8,901

 
$
325,277

 
$
240,168

 
$
187,157

 
$
17,588

 
$
806,025

Special Mention
5,556

 
—

 
931

 
3,805

 
1,559

 
27

 
11,878

Substandard
29

 
7,931

 
5,976

 
5,716

 
4,704

 
1,911

 
26,267

Doubtful
—

 
—

 
126

 
1,089

 
406

 
—

 
1,621

Loss
—

 
—

 
98

 
—

 
—

 
1

 
99

Ending Balance
$
32,519

 
$
16,832

 
$
332,408

 
$
250,778

 
$
193,826

 
$
19,527

 
$
845,890

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:
 
September 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
7,931

 
7,931

 
—

 
7,917

 
217

Secured by 1-4 family residential
73

 
108

 
—

 
73

 
2

Other real estate loans
1,089

 
1,089

 
—

 
1,115

 
—

Commercial loans
879

 
879

 
—

 
885

 
15

Consumer loans
—

 
—

 
—

 
—

 
—

Total with no related allowance
$
10,002

 
$
10,037

 
$
—

 
$
10,021

 
$
234

With an allowance recorded:
 

 
 

 
 

 
 

 
 

Real estate loans:
 

 
 

 
 

 
 

 
 

Construction
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Secured by farmland
—

 
—

 
—

 
—

 
—

Secured by 1-4 family residential
4,289

 
4,341

 
1,214

 
4,323

 
46

Other real estate loans
3,865

 
3,865

 
406

 
3,890

 
139

Commercial loans
406

 
3,406

 
190

 
708

 
—

Consumer loans
1,871

 
1,871

 
802

 
1,885

 
—

Total with a related allowance
$
10,431

 
$
13,483

 
$
2,612

 
$
10,806

 
$
185

Total
$
20,433

 
$
23,520

 
$
2,612

 
$
20,827

 
$
419

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

 
—

 
—

 
—

 
—

 
—

   Secured by 1-4 family residential
 
1

 
409

 
406

 
—

 
—

 
—

   Other real estate loans
 
—

 
—

 
—

 
—

 
—

 
—

Total real estate loans
 
1

 
$
409

 
$
406

 
—

 
$
—

 
$
—

Commercial loans
 
—

 
—

 
—

 
—

 
—

 
—

Consumer loans
 
—

 
—

 
—

 
—

 
—

 
—

Total
 
1

 
$
409

 
$
406

 
—

 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans Modified as TDRs
 
 
For the Nine Months Ended September 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
 
2

 
809

 
806

 
—

 
—

 
—

   Other real estate loans
 
1

 
368

 
367

 
—

 
—

 
—

Total real estate loans
 
3

 
$
1,177

 
$
1,173

 
1

 
$
7,903

 
$
7,903

Commercial loans
 
—

 
—

 
—

 
—

 
—

 
—

Consumer loans
 
—

 
—

 
—

 
1

 
3,000

 
2,282

Total
 
3

 
$
1,177

 
$
1,173

 
1

 
$
10,903

 
$
10,185