XML 42 R24.htm IDEA: XBRL DOCUMENT v2.4.0.6
Loans (Tables)
 3 Months Ended
Mar. 31, 2013
Loans  
Summary of outstanding loan balances

 

 

 

 

March 31,

 

December 31,

(dollar amounts in thousands)

 

2013

 

2012

Real Estate Secured

 

 

 

 

Multi-family residential

 

$

 19,747

 

$

 21,467

Residential 1 to 4 family

 

46,894

 

41,444

Home equity lines of credit

 

32,852

 

31,863

Commercial

 

391,159

 

372,592

Farmland

 

25,936

 

25,642

Total real estate secured

 

516,588

 

493,008

 

 

 

 

 

Commercial

 

 

 

 

Commercial and industrial

 

120,988

 

125,340

Agriculture

 

27,820

 

21,663

Other

 

55

 

61

Total commercial

 

148,863

 

147,064

 

 

 

 

 

Construction

 

 

 

 

Single family residential

 

8,803

 

8,074

Single family residential - Spec.

 

847

 

535

Multi-family

 

767

 

778

Commercial

 

477

 

10,329

Total construction

 

10,894

 

19,716

 

 

 

 

 

Land

 

23,816

 

24,664

Installment loans to individuals

 

4,527

 

4,895

All other loans (including overdrafts)

 

192

 

261

 

 

 

 

 

Total gross loans

 

704,880

 

689,608

 

 

 

 

 

Net deferred loan fees

 

(1,035)

 

(937)

Allowance for loan losses

 

17,743

 

18,118

 

 

 

 

 

Total net loans

 

$

 686,102

 

$

 670,553

 

 

 

 

 

Loans held for sale

 

9,138

 

$

 22,549
Summary of the Company's investment in impaired loans

 

 

(dollar amounts in thousands)

 

 

 

Unpaid

 

Impaired Loans

 

Specific

 

 

Recorded

 

Principal

 

With Specific

 

Without Specific

 

Allowance for

March 31, 2013

 

Investment (1)

 

Balance

 

Allowance

 

Allowance

 

Impaired Loans

Real Estate Secured

 

 

 

 

 

 

 

 

 

 

Residential 1 to 4 family

 

$

 603

 

$

 751

 

$

 603

 

$

 -

 

$

 91

Home equity lines of credit

 

57

 

64

 

57

 

-

 

7

Commercial

 

707

 

1,413

 

39

 

668

 

3

Commercial

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

3,857

 

4,262

 

3,039

 

818

 

2,030

Agriculture

 

831

 

1,182

 

17

 

814

 

7

Land

 

7,317

 

11,103

 

6,711

 

606

 

4,090

Installment loans to individuals

 

101

 

149

 

101

 

-

 

33

 

 

 

 

 

 

 

 

 

 

 

Totals

 

$

 13,473

 

$

 18,924

 

$

 10,567

 

$

 2,906

 

$

 6,261

 

(1)          The recorded investment in loans includes the book value of impaired loans as adjusted for the net deferred costs and fees related to the impaired loans.

 

(dollar amounts in thousands)

 

 

 

Unpaid

 

Impaired Loans

 

Specific

 

 

Recorded

 

Principal

 

With Specific

 

Without Specific

 

Allowance for

December 31, 2012

 

Investment (1)

 

Balance

 

Allowance

 

Allowance

 

Impaired Loans

Real Estate Secured

 

 

 

 

 

 

 

 

 

 

Residential 1 to 4 family

 

$

 831

 

$

 1,035

 

$

 246

 

$

 585

 

$

 18

Home equity lines of credit

 

58

 

152

 

58

 

-

 

7

Commercial

 

933

 

1,799

 

42

 

891

 

-

Farmland

 

1,077

 

1,089

 

-

 

1,077

 

-

Commercial

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

4,337

 

4,813

 

3,410

 

927

 

2,172

Agriculture

 

907

 

1,235

 

30

 

877

 

13

Construction

 

 

 

 

 

 

 

 

 

 

Commercial

 

1,380

 

2,508

 

-

 

1,380

 

-

Land

 

7,504

 

11,307

 

6,106

 

1,398

 

3,829

Installment loans to individuals

 

285

 

333

 

285

 

-

 

22

 

 

 

 

 

 

 

 

 

 

 

Totals

 

$

 17,312

 

$

 24,271

 

$

 10,177

 

$

 7,135

 

$

 6,061

 

(1)          The recorded investment in loans includes the book value of impaired loans as adjusted for the net deferred costs and fees related to the impaired loans.
Schedule of average recorded investment in impaired loans and the interest income recognized on impaired loans

 

 

 

 

For the Three Months Ended March 31,

 

 

 

2013

 

2012

 

 

 

Average

 

Interest

 

Average

 

Interest

 

 

 

Recorded

 

Income

 

Recorded

 

Income

 

(dollar amounts in thousands)

 

Investment

 

Recognized

 

Investment

 

Recognized

 

Real Estate Secured

 

 

 

 

 

 

 

 

 

Residential 1 to 4 family

 

$

718

 

$

-

 

$

616

 

$

-

 

Home equity lines of credit

 

58

 

-

 

373

 

-

 

Commercial

 

818

 

-

 

2,722

 

-

 

Farmland

 

539

 

-

 

-

 

-

 

Commercial

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

4,103

 

-

 

4,429

 

2

 

Agriculture

 

869

 

-

 

2,548

 

-

 

Construction

 

 

 

 

 

 

 

 

 

Commercial

 

690

 

-

 

-

 

-

 

Land

 

7,449

 

-

 

3,898

 

-

 

Installment loans to individuals

 

193

 

-

 

61

 

-

 

 

 

 

 

 

 

 

 

 

 

Totals

 

$

15,437

 

$

-

 

$

15,116

 

$

2

 
Schedule of loan modifications by class which resulted in TDRs

 

 

 

 

For the Three Months Ended March 31, 2013

 

 

 

 

 

Pre-Modification

 

Post-Modification

 

 

 

Number of

 

Outstanding Recorded

 

Outstanding Recorded

 

(dollar amounts in thousands)

 

TDRs

 

Investment

 

Investment

 

Trouble Debt Restructurings

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

Commercial and industrial

 

3

 

$

91

 

$

91

 

 

 

 

 

 

 

 

 

Totals

 

3

 

$

91

 

$

91

 

 

 

 

For the Three Months Ended March 31, 2012

 

 

 

 

 

Pre-Modification

 

Post-Modification

 

 

 

Number of

 

Outstanding Recorded

 

Outstanding Recorded

 

(dollar amounts in thousands)

 

TDRs

 

Investment

 

Investment

 

Trouble Debt Restructurings

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

Commercial and industrial

 

1

 

$

65

 

$

65

 

 

 

 

 

 

 

 

 

Totals

 

1

 

$

65

 

$

65

 
Summary of loans by class modified as TDRs

 

 

 

 

For the Three Months Ended March 31, 2013

 

 

 

Number of

 

 

 

(dollar amounts in thousands)

 

TDRs

 

Recorded Investment

 

Trouble Debt Restructurings

 

 

 

 

 

That Subsequently Defaulted

 

 

 

 

 

Commercial

 

 

 

 

 

Commercial and industrial

 

1

 

$

49

 

 

 

 

 

 

 

Totals

 

1

 

$

49

 

 

 

 

For the Three Months Ended March 31, 2012

 

 

 

Number of

 

 

 

(dollar amounts in thousands)

 

TDRs

 

Recorded Investment

 

Trouble Debt Restructurings

 

 

 

 

 

That Subsequently Defaulted

 

 

 

 

 

Commercial

 

 

 

 

 

Commercial and industrial

 

1

 

$

172

 

 

 

 

 

 

 

Totals

 

1

 

$

172

 
Schedule of loan portfolio by the Company's internal risk grading system as well as certain other information concerning the credit quality of the loan portfolio

 

 

(dollar amounts in thousands)

 

 

 

Credit Risk Grades

 

Days Past Due

 

 

 

 

 

 

 

Total Gross

 

 

 

Special

 

 

 

 

 

 

 

 

 

90+ and Still

 

Non-

 

Accruing

 

March 31, 2013

 

Loans

 

Pass

 

Mention

 

Substandard

 

Doubtful

 

30-59

 

60-89

 

Accruing

 

Accruing

 

TDR

 

Real Estate Secured

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi-family residential

 

$

19,747

 

$

19,153

 

$

-

 

$

594

 

$

-

 

  $

-

 

$

-

 

$

-

 

$

-

 

$

-

 

Residential 1 to 4 family

 

46,894

 

45,126

 

5

 

1,763

 

-

 

-

 

-

 

-

 

240

 

364

 

Home equity lines of credit

 

32,852

 

31,393

 

406

 

1,053

 

-

 

-

 

-

 

-

 

57

 

-

 

Commercial

 

391,159

 

352,656

 

12,774

 

25,729

 

-

 

-

 

-

 

-

 

703

 

-

 

Farmland

 

25,936

 

21,878

 

3,249

 

809

 

-

 

-

 

-

 

-

 

-

 

-

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

120,988

 

108,905

 

3,610

 

8,473

 

-

 

1,607

 

-

 

-

 

3,655

 

214

 

Agriculture

 

27,820

 

25,996

 

105

 

1,719

 

-

 

53

 

-

 

-

 

831

 

-

 

Other

 

55

 

55

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

Construction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Single family residential

 

8,803

 

8,803

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

Single family residential - Spec.

 

847

 

847

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

Multi-family

 

767

 

767

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

Commercial

 

477

 

-

 

-

 

477

 

-

 

-

 

-

 

-

 

-

 

-

 

Land

 

23,816

 

15,718

 

140

 

7,958

 

-

 

-

 

-

 

-

 

6,640

 

754

 

Installment loans to individuals

 

4,527

 

4,164

 

205

 

158

 

-

 

-

 

-

 

-

 

101

 

-

 

All other loans (including overdrafts)

 

192

 

192

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Totals

 

$

704,880

 

$

635,653

 

$

20,494

 

$

48,733

 

$

-

 

  $

1,660

 

$

-

 

$

-

 

$

12,227

 

$

1,332

 

 

(dollar amounts in thousands)

 

 

 

Credit Risk Grades

 

Days Past Due

 

 

 

 

 

 

 

Total Gross

 

 

 

Special

 

 

 

 

 

 

 

 

 

90+ and Still

 

Non-

 

Accruing

 

December 31, 2012

 

Loans

 

Pass

 

Mention

 

Substandard

 

Doubtful

 

30-59

 

60-89

 

Accruing

 

Accruing

 

TDR

 

Real Estate Secured

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi-family residential

 

$

21,467

 

$

20,869

 

$

-

 

$

598

 

$

-

 

  $

-

 

$

-

 

$

-

 

$

-

 

$

-

 

Residential 1 to 4 family

 

41,444

 

40,234

 

6

 

1,204

 

-

 

199

 

-

 

-

 

835

 

-

 

Home equity lines of credit

 

31,863

 

30,808

 

-

 

1,055

 

-

 

-

 

47

 

-

 

58

 

-

 

Commercial

 

372,592

 

332,968

 

14,235

 

25,389

 

-

 

-

 

-

 

-

 

928

 

-

 

Farmland

 

25,642

 

20,492

 

3,260

 

1,890

 

-

 

-

 

-

 

-

 

1,077

 

-

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

125,340

 

114,126

 

2,245

 

8,969

 

-

 

446

 

104

 

15

 

4,657

 

17

 

Agriculture

 

21,663

 

19,771

 

106

 

1,786

 

-

 

-

 

-

 

-

 

907

 

-

 

Other

 

61

 

61

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

Construction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Single family residential

 

8,074

 

8,074

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

Single family residential - Spec.

 

535

 

535

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

Multi-family

 

778

 

778

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

Commercial

 

10,329

 

8,469

 

-

 

1,860

 

-

 

-

 

-

 

-

 

1,380

 

-

 

Land

 

24,664

 

12,461

 

4,124

 

8,079

 

-

 

50

 

-

 

-

 

7,182

 

-

 

Installment loans to individuals

 

4,895

 

4,365

 

230

 

300

 

-

 

-

 

-

 

-

 

285

 

-

 

All other loans (including overdrafts)

 

261

 

261

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Totals

 

$

689,608

 

$

614,272

 

$

24,206

 

$

51,130

 

$

-

 

  $

695

 

$

151

 

$

15

 

$

17,309

 

$

17