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Loans, Net (Tables)
 12 Months Ended
Dec. 31, 2016
Receivables [Abstract]  
Consolidated loan portfolio
The consolidated loan portfolio was composed of the following:
 
2016
 
2015
(Dollars in thousands)
Outstanding
Balance
 
Percent of
Total Portfolio
 
Outstanding
Balance
 
Percent of
Total Portfolio
Real estate loans:
 
 
 
 
 
 
 
Construction
$
35,627

 
4.1
%
 
$
39,673

 
4.9
%
Secured by farmland
16,768

 
2.0

 
19,062

 
2.4

Secured by 1-4 family residential
314,045

 
36.5

 
280,096

 
34.8

Other real estate loans
283,613

 
33.0

 
258,035

 
32.0

Commercial loans
190,767

 
22.2

 
190,482

 
23.6

Consumer loans
19,277

 
2.2

 
18,333

 
2.3

Total Gross Loans (1)
860,097

 
100.0
%
 
805,681

 
100.0
%
Less allowance for loan losses
11,404

 
 

 
11,046

 
 
Net loans
$
848,693

 
 

 
$
794,635

 
 
(1) 
Includes net deferred loan costs and premiums of $3.3 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 as of December 31, 2016 and December 31, 2015, respectively:
 
December 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
$
—

 
$
—

 
$
—

 
$
—

 
$
35,627

 
$
35,627

Secured by farmland
—

 
199

 
—

 
199

 
16,569

 
16,768

Secured by 1-4 family residential
—

 
—

 
514

 
514

 
313,531

 
314,045

Other real estate loans
312

 
—

 
2,104

 
2,416

 
281,197

 
283,613

Commercial loans
146

 
10

 
2,518

 
2,674

 
188,093

 
190,767

Consumer loans
88

 
4

 
1,871

 
1,963

 
17,314

 
19,277

Total
$
546

 
$
213

 
$
7,007

 
$
7,766

 
$
852,331

 
$
860,097


 
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 ninety days or more and still accruing by class of loans as of December 31, 2016 and 2015, respectively:
 
2016
 
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

 
$
—

 
$
204

 
$
—

Secured by 1-4 family residential
296

 
303

 
4,460

 
—

Other real estate loans
1,976

 
128

 
1,186

 
248

Commercial loans
4,187

 
350

 
1,036

 
30

Consumer loans
1,871

 
—

 
1,898

 
—

Total
$
8,359

 
$
781

 
$
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 as of December 31, 2016 and 2015, respectively:
December 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
$
30,065

 
$
8,796

 
$
310,233

 
$
274,591

 
$
185,030

 
$
17,342

 
$
826,057

Special Mention
5,534

 
—

 
932

 
2,287

 
1,390

 
25

 
10,168

Substandard
28

 
7,972

 
2,584

 
4,759

 
2,179

 
1,909

 
19,431

Doubtful
—

 
—

 
125

 
1,976

 
2,168

 
—

 
4,269

Loss
—

 
—

 
171

 
—

 
—

 
1

 
172

Ending Balance
$
35,627

 
$
16,768

 
$
314,045

 
$
283,613

 
$
190,767

 
$
19,277

 
$
860,097


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 as of and for the year ended December 31, 2016 and 2015:
 
December 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
$
28

 
$
28

 
$
—

 
$
28

 
$
—

Secured by farmland
7,972

 
7,972

 
—

 
7,951

 
239

Secured by 1-4 family residential
72

 
108

 
—

 
72

 
2

Other real estate loans
1,976

 
1,976

 
—

 
1,976

 
—

Commercial loans
585

 
3,585

 
—

 
706

 
16

Consumer loans
—

 
—

 
—

 
—

 
—

Total with no related allowance
$
10,633

 
$
13,669

 
$
—

 
$
10,733

 
$
257

With an allowance recorded:
 

 
 

 
 

 
 

 
 

Real estate loans:
 

 
 

 
 

 
 

 
 

Construction
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Secured by farmland
—

 
—

 
—

 
—

 
—

Secured by 1-4 family residential
1,275

 
1,326

 
251

 
1,239

 
49

Other real estate loans
2,971

 
2,971

 
206

 
2,975

 
151

Commercial loans
4,019

 
4,019

 
2,539

 
5,088

 
—

Consumer loans
1,871

 
1,871

 
842

 
1,871

 
—

Total with a related allowance
$
10,136

 
$
10,187

 
$
3,838

 
$
11,173

 
$
200

Total
$
20,769

 
$
23,856

 
$
3,838

 
$
21,906

 
$
457

 
 
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 years ended December 31, 2016 and 2015 were as follows:
 
 
Year Ended December 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
 
1

 
$
38

 
$
38

 
—

 
$
—

 
$
—

Secured by farmland
 
—

 
—

 
—

 
1

 
7,903

 
7,903

Secured by 1-4 family residential
 
2

 
809

 
806

 
—

 
—

 
—

Other real estate loans
 
2

 
1,240

 
1,240

 
4

 
4,283

 
3,872

Total real estate loans
 
5

 
2,087

 
2,084

 
5

 
12,186

 
11,775

Commercial loans
 
—

 
—

 
—

 
1

 
50

 
46

Consumer loans
 
—

 
—

 
—

 
1

 
3,000

 
3,000

Total
 
5

 
$
2,087

 
$
2,084

 
7

 
$
15,236

 
$
14,821