Loans and Allowance for Loan and Lease Losses

12 Months Ended

Dec. 31, 2016

Loans and Allowance for Loan and Lease Losses

Loans and Allowance for Loan and Lease Losses

Note 6. Loans and Allowance for Loan and Lease Losses

The following table provides a summary of outstanding loan balances:

	December 31, 2016								December 31, 2015
	Non-PCI Loans			PCI Loans		Total Loans Receivable			Non-PCI Loans			PCI Loans			Total Loans Receivable
		(dollars in thousands)
Real Estate Secured
Commercial	$	638,089		$	5,602	$	643,691		$	573,559		$	5,685		$	579,244
Residential 1 to 4 family		205,875			124		205,999			165,256			573			165,829
Farmland		155,771			–		155,771			120,566			–			120,566
Multi-family residential		77,941			–		77,941			79,381			–			79,381
Home equity lines of credit		24,796			–		24,796			31,387			–			31,387
Construction and land		21,642			224		21,866			35,387			282			35,669
Total real estate secured		1,124,114			5,950		1,130,064			1,005,536			6,540			1,012,076
Commercial
Commercial and industrial		182,165			472		182,637			164,025			783			164,808
Agriculture		67,095			1,470		68,565			62,911			1,452			64,363
Total commercial		249,260			1,942		251,202			226,936			2,235			229,171
Consumer		4,196			–		4,196			6,033			–			6,033
Total loans held for investment		1,377,570			7,892		1,385,462			1,238,505			8,775			1,247,280
Deferred loan fees		(1,183	)		–		(1,183	)		(1,132	)		–			(1,132	)
Allowance for loan and lease losses		(17,237	)		–		(17,237	)		(17,373	)		(79	)		(17,452	)
Total net loans held for investment	$	1,359,150		$	7,892	$	1,367,042		$	1,220,000		$	8,696		$	1,228,696
Loans held for sale	$	10,055		$	–	$	10,055		$	9,755		$	–		$	9,755

Non-PCI loans acquired in the MISN Transaction totaled $132.4 million and $163.8 million as of December 31, 2016 and 2015, respectively, and are included in total non-PCI loans in the table above. The decline in MISN loan balances is attributable to loan prepayments, payoffs, and scheduled principal reduction. Loans held for sale consist of single-family residential mortgage loans under contract to be sold in the secondary market. In most cases these loans are sold within thirty to sixty days.

Concentration of Credit Risk

The Company held loans that were collateralized by various forms of real estate, including residential 1 to 4 family loans originated and held for sale, totaling $1.1 billion and $1.0 billion at December 31, 2016 and 2015, respectively. These loans are generally made to borrowers located in the counties of San Luis Obispo, Santa Barbara, and Ventura. The Company attempts to reduce its concentration of credit risk by making loans which are diversified by product type. While Management believes that the collateral presently securing this portfolio is adequate, there can be no assurance that deterioration in the California real estate market, or the impact of the current California drought on our real estate collateralized loans, would not expose the Company to significantly greater credit risk.

Loans Serviced for Others

Loans serviced for others are not included in the Company's consolidated financial statements. The unpaid principal balance of loans serviced for others, exclusive of Small Business Administration ("SBA") loans, was $33.3 million and $38.0 million at December 31, 2016 and 2015, respectively. Periodically, the Company originates SBA loans for sale for which it retains the servicing of the guaranteed portion of the loan sold. At December 31, 2016 and 2015, the unpaid principal balance of SBA loans serviced for others totaled $6.3 million and $8.5 million, respectively. The Company did not sell any SBA loans during the years ended December 31, 2016 and 2015. Gains related to the sale of SBA loans totaled $43 thousand for the year ended December 31, 2014 and are included as a component of other income in non-interest income.

Pledged Loans

At December 31, 2016, the Bank pledged $748.8 million of loans to the FHLB of San Francisco to secure a credit facility totaling $517.8 million under a blanket lien. Of this credit facility, $10.2 million is available as a line of credit, while the remainder is available for potential future borrowings.

Purchased Credit Impaired Loans

As part of the MISN Transaction, described in Note 3.Business Combination, of these consolidated financial statements, the Company acquired certain loans classified as PCI loans. These loans have exhibited evidence of deterioration in credit quality since their origination, and at their acquisition it was deemed probable all contractually required payments would not be collected.

The table below summarizes the unpaid principal balance and carrying amount of PCI loans as of December 31, 2016 and 2015:

	December 31, 2016				December 31, 2015
	Unpaid Principal Balance		Carrying Amount		Unpaid Principal Balance		Carrying Amount
		(dollars in thousands)
Real Estate Secured
Commercial	$	6,872	$	5,602	$	7,139	$	5,685
Construction and land		300		224		382		282
Residential 1 to 4 family		196		124		875		573
Total real estate secured		7,368		5,950		8,396		6,540
Commercial
Agriculture		1,500		1,470		1,500		1,452
Commercial and industrial		742		472		1,211		783
Total commercial		2,242		1,942		2,711		2,235
Total PCI loans	$	9,610	$	7,892	$	11,107	$	8,775

The following table summarizes the accretable yield, or income expected to be collected on PCI loans:

	For the Years Ended December 31,
	2016			2015			2014
		(dollars in thousands)
Beginning balance	$	3,821		$	4,374		$	–
Additions (1)		–			–			4,673
Accretion of income		(1,077	)		(1,431	)		(1,362	)
Changes in expected cash flows (2)		(104	)		878			1,063
Ending balance	$	2,640		$	3,821		$	4,374

(1)Attributable to loans acquired in the MISN Transaction.

(2)Changes in expected cash flows during the year ended December 31, 2016 were driven by prepayments on PCI loans. Changes in expected cash flows during the years ended December 31, 2015 and 2014 were attributed to positive changes in expectations of future cash flows on PCI loans.

Impaired Loans

The following tables provide a summary of the Company's recorded investment in non-PCI and PCI impaired loans as of and for the periods presented.

	For the Year Ended December 31, 2016
	Recorded Investment		Unpaid Principal Balance		Specific Allowance for Impaired Loans		Average Recorded Investment		Interest Income Recognized
		(dollars in thousands)
Non-PCI Loans
Without Related Allowance
Real Estate Secured
Construction and land	$	3,857	$	8,630	$	–	$	4,663	$	72
Commercial		2,254		2,877		–		2,967		119
Residential 1 to 4 family		375		519		–		423		25
Farmland		322		329		–		516		32
Home equity lines of credit		46		46		–		69		–
Commercial
Commercial and industrial		2,786		3,046		–		3,224		194
Agriculture		603		694		–		1,066		58
Consumer		75		91		–		145		6
Total		10,318		16,232		–		13,073		506
With Related Allowance
Real Estate Secured
Commercial		277		296		24		285		15
Commercial
Commercial and industrial		3,783		3,837		331		1,876		93
Agriculture		322		332		80		362		10
Total		4,382		4,465		435		2,523		118
Total Non-PCI impaired loans	$	14,700	$	20,697	$	435	$	15,596	$	624

	For the Year Ended December 31, 2016
	Recorded Investment		Unpaid Principal Balance		Specific Allowance for Impaired Loans		Average Recorded Investment		Interest Income Recognized
		(dollars in thousands)
PCI Loans (1)
Without Related Allowance
Real Estate Secured
Commercial	$	5,602	$	6,872	$	–	$	5,639	$	550
Residential 1 to 4 family		124		196		–		303		256
Construction and land		224		300		–		255		45
Commercial
Agriculture		1,470		1,500		–		1,460		118
Commercial and industrial		472		742		–		596		108
Total PCI loans	$	7,892	$	9,610	$	–	$	8,253	$	1,077

(1)At December 31, 2016 there was no ALLL for PCI loans.

	For the Year Ended December 31, 2015
	Recorded Investment		Unpaid Principal Balance		Specific Allowance for Impaired Loans		Average Recorded Investment		Interest Income Recognized
		(dollars in thousands)
Non-PCI Loans
Without Related Allowance
Real Estate Secured
Construction and land	$	5,138	$	9,615	$	–	$	5,784	$	72
Commercial		3,855		5,328		–		4,097		141
Residential 1 to 4 family		694		860		–		620		12
Farmland		587		588		–		564		34
Home equity lines of credit		85		86		–		112		–
Commercial
Commercial and industrial		2,295		2,510		–		3,292		46
Agriculture		724		815		–		682		9
Consumer		146		204		–		148		5
Total		13,524		20,006		–		15,299		319
With Related Allowance
Real Estate Secured
Commercial		435		665		59		468		–
Commercial
Commercial and industrial		1,944		1,972		156		1,300		66
Agriculture		400		400		39		80		3
Total		2,779		3,037		254		1,848		69
Total Non-PCI impaired loans	$	16,303	$	23,043	$	254	$	17,147	$	388

	For the Year Ended December 31, 2015
	Recorded Investment		Unpaid Principal Balance		Specific Allowance for Impaired Loans		Average Recorded Investment		Interest Income Recognized
		(dollars in thousands)
PCI Loans
Without Related Allowance
Real Estate Secured
Commercial	$	5,156	$	6,601	$	–	$	5,269	$	934
Residential 1 to 4 family		573		875		–		567		68
Construction and land		53		152		–		455		75
Commercial
Agriculture		1,452		1,500		–		1,440		116
Commercial and industrial		297		712		–		573		127
Total		7,531		9,840		–		8,304		1,320
With Related Allowance
Real Estate Secured
Commercial		529		538		41		535		48
Construction and land		229		230		5		263		19
Commercial
Commercial and industrial		486		499		33		528		44
Total		1,244		1,267		79		1,326		111
Total PCI loans	$	8,775	$	11,107	$	79	$	9,630	$	1,431

	For the Year Ended December 31, 2014
	Recorded Investment		Unpaid Principal Balance		Specific Allowance for Impaired Loans		Average Recorded Investment		Interest Income Recognized
		(dollars in thousands)
Non-PCI Loans
Without Related Allowance
Real Estate Secured
Commercial	$	4,000	$	6,255	$	–	$	3,814	$	132
Construction and land		1,470		2,355		–		2,190		135
Farmland		283		282		–		291		16
Residential 1 to 4 family		260		383		–		349		18
Home equity lines of credit		258		340		–		258		–
Commercial
Commercial and industrial		2,875		3,967		–		3,994		162
Agriculture		720		760		–		724		–
Consumer		112		201		–		117		4
Total		9,978		14,543		–		11,737		467
With Related Allowance
Real Estate Secured
Construction and land		4,876		8,499		1,472		5,268		3
Commercial		498		688		148		502		–
Commercial
Commercial and industrial		1,043		1,054		151		1,272		64
Total		6,417		10,241		1,771		7,042		67
Total Non-PCI impaired loans	$	16,395	$	24,784	$	1,771	$	18,779	$	534

	For the Year Ended December 31, 2014
	Recorded Investment		Unpaid Principal Balance		Specific Allowance for Impaired Loans		Average Recorded Investment		Interest Income Recognized
		(dollars in thousands)
PCI Loans (1)
Without Related Allowance
Real Estate Secured
Commercial	$	4,432	$	6,109	$	–	$	4,978	$	673
Farmland		1,673		2,027		–		1,698		98
Construction and land		853		993		–		921		69
Residential 1 to 4 family		564		886		–		580		43
Home equity lines of credit		–		–		–		61		21
Commercial
Agriculture		1,431		1,492		–		1,326		92
Commercial and industrial		1,388		1,883		–		2,089		366
Total PCI loans	$	10,341	$	13,390	$	–	$	11,653	$	1,362

(1)At December 31, 2014 there was no ALLL for PCI loans.

The Company did not record income from the receipt of cash payments related to non-accruing loans during the years ended December 31, 2016, 2015 and 2014. If interest on non-accruing loans had been recognized at the original interest rates stipulated in the respective loan agreements, interest income would have increased $0.6 million for each of the years ended December 31, 2016, 2015 and 2014, respectively. Interest income recognized on impaired loans in the tables above represents interest the Company recognized on accruing TDRs, as well as accretion on accruing PCI loans.

At December 31, 2016, there were no residential 1 to 4 family loans in process of foreclosure, or residential 1 to 4 family properties included in foreclosed assets.

Troubled Debt Restructurings

The majority of the Bank's TDRs were granted concessions with respect to interest rates, payment structure and/or maturity. Modifications to loans as TDRs during the years ended December 31, 2016 and 2015 were primarily comprised of extensions of a loan's maturity at the loan's original interest rate, which was lower than the market rate of interest for new credit with similar risk. Extensions of maturity were for periods ranging from 6 months to 10 years. At December 31, 2016, the Company was not committed to lend any additional funds to borrowers with loans modified as TDRs. As of December 31, 2016 the Company had established valuation allowances for loans modified as TDRs totaling $0.4 million.

The following table provides a summary of loans classified as TDRs as of December 31, 2016 and 2015:

	December 31, 2016						December 31, 2015
	Accrual		Non-accrual		Total		Accrual		Non-accrual		Total
		(dollars in thousands)
Non-PCI loans
Real estate secured
Construction and land	$	703	$	3,154	$	3,857	$	1,171	$	3,968	$	5,139
Commercial		2,202		107		2,309		2,395		435		2,830
Residential 1 to 4 family		375		–		375		613		81		694
Farmland		250		72		322		504		82		586
Commercial
Commercial and industrial		3,422		2,400		5,822		2,698		1,515		4,213
Agriculture		925		–		925		1,124		–		1,124
Consumer		49		8		57		114		10		124
Total non-PCI loans		7,926		5,741		13,667		8,619		6,091		14,710
PCI loans
Real estate secured
Commercial		893		17		910		922		46		968
Construction and land		61		–		61		54		–		54
Commercial
Commercial and industrial		370		36		406		461		66		527
Total PCI loans		1,324		53		1,377		1,437		112		1,549
Total TDRs	$	9,250	$	5,794	$	15,044	$	10,056	$	6,203	$	16,259

The following tables summarize loan modifications which resulted in TDRs during the periods presented below:

	For the Year Ended December 31, 2016
	Number of TDRs		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
	(dollars in thousands)
Non-PCI Loans
Real Estate Secured
Residential 1 to 4 family		1	$	222	$	222
Commercial
Commercial and industrial		19		3,725		3,725
Agriculture		1		10		10
Total TDRs		21	$	3,957	$	3,957

	For the Year Ended December 31, 2015
	Number of TDRs		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
	(dollars in thousands)
Non-PCI Loans
Real Estate Secured
Commercial		6	$	1,102	$	1,102
Farmland		3		814		814
Residential 1 to 4 family		4		753		753
Construction and land		1		97		97
Commercial
Commercial and industrial		15		3,414		3,414
Agriculture		6		2,085		2,085
Consumer		2		68		68
Total non-PCI loans		37		8,333		8,333
PCI Loans
Real Estate Secured
Commercial		5		993		993
Construction and land		1		50		50
Commercial
Commercial and industrial		1		497		497
Total PCI loans		7		1,540		1,540
Total TDRs		44	$	9,873	$	9,873

	For the Year Ended December 31, 2014
	Number of TDRs		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
	(dollars in thousands)
Non-PCI Loans
Real Estate Secured
Construction and land		4	$	811	$	811
Commercial		2		312		312
Residential 1 to 4 family		1		39		39
Commercial
Commercial and industrial		20		2,132		2,132
Agriculture		1		662		662
Consumer		1		73		73
Total non-PCI loans		29		4,029		4,029
PCI Loans
Real Estate Secured
Commercial		1		230		230
Commercial
Commercial and industrial		3		177		177
Total PCI loans		4		407		407
Total TDRs		33	$	4,436	$	4,436

The following table summarizes loans that were modified as troubled debt restructurings within the twelve months prior to the balance sheet date, and for which there was a payment default during the years ended December 31, 2016, 2015 and 2014:

	For the Years Ended December 31,
	2016				2015				2014
	Number of TDRs		Recorded Investment		Number of TDRs		Recorded Investment		Number of TDRs		Recorded Investment
		(dollars in thousands)
Non-PCI Loans
Real Estate Secured
Farmland		1	$	80		–	$	–		–	$	–
Commercial
Commercial and industrial		1		3		1		18		2		233
Total		2	$	83		1	$	18		2	$	233

Allowance for Loan and Lease Losses

The following tables summarize the activity in the allowance for loan and lease losses by portfolio segment for the years ended December 31, 2016, 2015 and 2014:

	For the Year Ended December 31, 2016
	Balance December 31, 2015		Charge-offs			Recoveries		Provision for Loan and Lease Losses			Balance December 31, 2016
		(dollars in thousands)
Other real estate secured	$	11,161	$	–		$	637	$	(995	)	$	10,803
Commercial		5,372		(38	)		503		(588	)		5,249
Construction and land		623		–			176		(455	)		344
Consumer		173		(24	)		31		(69	)		111
Unallocated		123		–			–		607			730
Total	$	17,452	$	(62	)	$	1,347	$	(1,500	)	$	17,237

	For the Year Ended December 31, 2015
	Balance December 31, 2014		Charge-offs			Recoveries		Provision for Loan and Lease Losses			Balance December 31, 2015
		(dollars in thousands)
Other real estate secured	$	9,129	$	(218	)	$	99	$	2,151		$	11,161
Commercial		5,125		(190	)		919		(482	)		5,372
Construction and land		2,000		(34	)		67		(1,410	)		623
Consumer		202		(7	)		14		(36	)		173
Unallocated		346		–			–		(223	)		123
Total	$	16,802	$	(449	)	$	1,099	$	–		$	17,452

	For the Year Ended December 31, 2014
	Balance December 31, 2013		Charge-offs			Recoveries		Provision for Loan and Lease Losses			Balance December 31, 2014
		(dollars in thousands)
Other real estate secured	$	9,025	$	(1,119	)	$	37	$	1,186		$	9,129
Commercial		4,781		(758	)		765		337			5,125
Construction and land		3,660		(29	)		42		(1,673	)		2,000
Consumer		131		(8	)		13		66			202
Unallocated		262		–			–		84			346
Total	$	17,859	$	(1,914	)	$	857	$	–		$	16,802

The following tables disaggregate the allowance for loan and lease losses and the recorded investment in loans by impairment methodology as of December 31, 2016 and 2015:

	December 31, 2016
	Allowance for Loan and Lease Losses						Recorded Investment in Loans
	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Acquired with Deteriorated Credit Quality		Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Acquired with Deteriorated Credit Quality
		(dollars in thousands)
Other real estate secured	$	24	$	10,779	$	–	$	3,274	$	1,099,198	$	5,726
Commercial		411		4,838		–		7,494		241,766		1,942
Construction and land		–		344		–		3,857		17,785		224
Consumer		–		111		–		75		4,121		–
Unallocated		–		730		–		–		–		–
Total	$	435	$	16,802	$	–	$	14,700	$	1,362,870	$	7,892

	December 31, 2015
	Allowance for Loan and Lease Losses						Recorded Investment in Loans
	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Acquired with Deteriorated Credit Quality		Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Acquired with Deteriorated Credit Quality
		(dollars in thousands)
Other real estate secured	$	59	$	11,061	$	41	$	5,656	$	964,493	$	6,258
Commercial		195		5,144		33		5,363		221,573		2,235
Construction and land		–		618		5		5,138		30,249		282
Consumer		–		173		–		146		5,887		–
Unallocated		–		123		–		–		–		–
Total	$	254	$	17,119	$	79	$	16,303	$	1,222,202	$	8,775

At December 31, 2016, total gross loans of $1.4 billion in the table above include $140.3 million of non-PCI and PCI loans acquired in the MISN Transaction. Loans acquired in the MISN Transaction were initially recorded at fair value, and had no related ALLL on the acquisition date. At December 31, 2016 and 2015 the ALLL for non-PCI loans acquired in the MISN Transaction, was $0.1 million and $0.3 million, respectively, and is included in the ALLL for loans collectively evaluated for impairment. The incremental ALLL allocation for acquired non-PCI loans was not due to deterioration in credit quality, but rather due to accelerated accretion of purchase discounts attributable to loan pay-downs and payoffs. There was no ALLL for PCI loans as of December 31, 2016, compared to $0.1 million at December 31, 2015. The change in the ALLL for PCI loans is attributable to favorable changes in expected future cash flows on certain PCI loans.

Reserve for Off-Balance Sheet Loan Commitments

The Company has exposure to losses from unfunded loan commitments and letters of credit. Estimated losses inherent in the outstanding balance of these commitments is not included in the ALLL, but is recorded separately, and included as a component of other liabilities in the consolidated balance sheets. The balance of the reserve for off-balance sheet commitments was $0.5 million at December 31, 2016 and 2015.

Credit Quality

The following tables stratify loans held for investment by the Company's internal risk grading system as of December 31, 2016 and 2015:

	December 31, 2016
	Credit Risk Grades
	Pass		Special Mention		Substandard		Doubtful		Total
		(dollars in thousands)
Non-PCI loans
Real estate secured
Commercial	$	612,600	$	9,489	$	16,000	$	–	$	638,089
Residential 1 to 4 family		205,173		216		486		–		205,875
Farmland		153,139		364		2,268		–		155,771
Multi-family residential		77,941		–		–		–		77,941
Home equity lines of credit		24,618		–		178		–		24,796
Construction and land		18,382		–		3,260		–		21,642
Commercial
Commercial and industrial		171,888		5		10,272		–		182,165
Agriculture		59,481		2,444		5,170		–		67,095
Consumer		4,107		–		89		–		4,196
Total non-PCI loans		1,327,329		12,518		37,723		–		1,377,570
PCI loans
Real estate secured
Commercial		766		2,921		1,915		–		5,602
Construction and land		224		–		–		–		224
Residential 1 to 4 family		–		124		–		–		124
Commercial
Agriculture		–		–		1,470		–		1,470
Commercial and industrial		50		371		51		–		472
Total PCI loans		1,040		3,416		3,436		–		7,892
Total loans held for investment	$	1,328,369	$	15,934	$	41,159	$	–	$	1,385,462

	December 31, 2015
	Credit Risk Grades
	Pass		Special Mention		Substandard		Doubtful		Total
		(dollars in thousands)
Non-PCI loans
Real estate secured
Commercial	$	545,614	$	4,402	$	23,543	$	–	$	573,559
Residential 1 to 4 family		164,226		405		625		–		165,256
Farmland		118,740		245		1,581		–		120,566
Multi-family residential		79,381		–		–		–		79,381
Construction and land		30,219		939		4,229		–		35,387
Home equity lines of credit		31,103		–		284		–		31,387
Commercial
Commercial and industrial		152,979		4,730		6,316		–		164,025
Agriculture		61,340		98		1,473		–		62,911
Consumer		5,922		–		111		–		6,033
Total non-PCI loans		1,189,524		10,819		38,162		–		1,238,505
PCI loans
Real estate secured
Commercial		–		1,094		4,591		–		5,685
Residential 1 to 4 family		455		–		118		–		573
Construction and land		228		54		–		–		282
Commercial
Agriculture		–		–		1,452		–		1,452
Commercial and industrial		75		81		627		–		783
Total PCI loans		758		1,229		6,788		–		8,775
Total loans held for investment	$	1,190,282	$	12,048	$	44,950	$	–	$	1,247,280

Aging of Loans Held for Investment

The following tables summarize the aging of loans held for investment as December 31, 2016 and 2015:

	December 31, 2016
			Days Past Due
	Current		30-59		60-89		90+ and Still Accruing		Non- Accruing (1)		Total
		(dollars in thousands)
Non-PCI loans
Real Estate Secured
Commercial	$	637,760	$	–	$	–	$	–	$	329	$	638,089
Residential 1 to 4 family		205,875		–		–		–		–		205,875
Farmland		155,567		132		–		–		72		155,771
Multi-family residential		77,941		–		–		–		–		77,941
Home equity lines of credit		24,750		–		–		–		46		24,796
Construction and land		18,488		–		–		–		3,154		21,642
Commercial
Commercial and industrial		179,018		–		–		–		3,147		182,165
Agriculture		66,945		150		–		–		–		67,095
Consumer		4,170		–		–		–		26		4,196
Total non-PCI loans		1,370,514		282		–		–		6,774		1,377,570
PCI loans
Real estate secured
Commercial		5,585		–		–		–		17		5,602
Construction and land		224		–		–		–		–		224
Residential 1 to 4 family		124		–		–		–		–		124
Commercial
Agriculture		1,470		–		–		–		–		1,470
Commercial and industrial		421		–		–		–		51		472
Total PCI loans		7,824		–		–		–		68		7,892
Total loans held for investment	$	1,378,338	$	282	$	–	$	–	$	6,842	$	1,385,462

(1)At December 31, 2016, $6.2 million of non-accruing loans were current, $21 thousand were 30-59 days past due, $32 thousand were 60-89 days past due, and $0.6 million were 90+ days past due.

	December 31, 2015
			Days Past Due
	Current		30-59		60-89		90+ and Still Accruing		Non- Accruing (1)		Total
		(dollars in thousands)
Non-PCI loans
Real Estate Secured
Commercial	$	571,665	$	–	$	–	$	–	$	1,894	$	573,559
Residential 1 to 4 family		165,176		–		–		–		80		165,256
Farmland		120,483		–		–		–		83		120,566
Multi-family residential		79,381		–		–		–		–		79,381
Construction and land		31,419		–		–		–		3,968		35,387
Home equity lines of credit		31,303		–		–		–		84		31,387
Commercial
Commercial and industrial		162,223		66		195		–		1,541		164,025
Agriculture		62,911		–		–		–		–		62,911
Consumer		6,000		–		–		–		33		6,033
Total non-PCI loans		1,230,561		66		195		–		7,683		1,238,505
PCI loans
Real estate secured
Commercial		5,639		–		–		–		46		5,685
Residential 1 to 4 family		573		–		–		–		–		573
Construction and land		282		–		–		–		–		282
Commercial
Agriculture		1,452		–		–		–		–		1,452
Commercial and industrial		694		–		–		–		89		783
Total PCI loans		8,640		–		–		–		135		8,775
Total loans held for investment	$	1,239,201	$	66	$	195	$	–	$	7,818	$	1,247,280

(1)At December 31, 2015, $6.4 million of non-accruing loans were current, $28 thousand were 30-59 days past due, $26 thousand were 60-89 days past due, and $1.4 million were 90+ days past due.