Loan Portfolio (Tables) | 9 Months Ended |
Sep. 30, 2013 |
Composition of Loan Portfolio | ' |
The following table sets forth the composition of the Company’s loan portfolio in dollar amounts and as a percentage of the Company’s total gross loans at the dates indicated: |
|
| | September 30, 2013 | | | December 31, 2012 | | | | | | | | | |
(dollars in thousands) | | Amount | | Percent | | | Amount | | Percent | | | | | | | | | |
Commercial, industrial and agricultural | | $ | 48,343 | | | 7.3 | % | | $ | 51,881 | | | 7.58 | % | | | | | | | | |
Real estate - one to four family residential: | | | | | | | | | | | | | | | | | | | | | | |
Closed end first and seconds | | | 224,724 | | | 33.91 | % | | | 239,002 | | | 34.91 | % | | | | | | | | |
Home equity lines | | | 98,569 | | | 14.88 | % | | | 99,698 | | | 14.56 | % | | | | | | | | |
Total real estate - one to four family residential | | | 323,293 | | | 48.79 | % | | | 338,700 | | | 49.47 | % | | | | | | | | |
Real estate - multifamily residential | | | 18,225 | | | 2.75 | % | | | 15,801 | | | 2.31 | % | | | | | | | | |
Real estate - construction: | | | | | | | | | | | | | | | | | | | | | | |
One to four family residential | | | 16,699 | | | 2.52 | % | | | 20,232 | | | 2.96 | % | | | | | | | | |
Other construction, land development and other land | | | 21,842 | | | 3.3 | % | | | 34,555 | | | 5.04 | % | | | | | | | | |
Total real estate - construction | | | 38,541 | | | 5.82 | % | | | 54,787 | | | 8 | % | | | | | | | | |
Real estate - farmland | | | 8,043 | | | 1.21 | % | | | 8,558 | | | 1.25 | % | | | | | | | | |
Real estate - non-farm, non-residential: | | | | | | | | | | | | | | | | | | | | | | |
Owner occupied | | | 128,800 | | | 19.44 | % | | | 119,824 | | | 17.5 | % | | | | | | | | |
Non-owner occupied | | | 76,661 | | | 11.57 | % | | | 71,741 | | | 10.48 | % | | | | | | | | |
Total real estate - non-farm, non-residential | | | 205,461 | | | 31.01 | % | | | 191,565 | | | 27.98 | % | | | | | | | | |
Consumer | | | 17,766 | | | 2.67 | % | | | 20,173 | | | 2.94 | % | | | | | | | | |
Other | | | 2,953 | | | 0.45 | % | | | 3,203 | | | 0.47 | % | | | | | | | | |
Total loans | | | 662,625 | | | 100 | % | | | 684,668 | | | 100 | % | | | | | | | | |
Less allowance for loan losses | | | -16,894 | | | | | | | -20,338 | | | | | | | | | | | | |
Loans, net | | $ | 645,731 | | | | | | $ | 664,330 | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
Aging of Recorded Investment in Past Due Loans | ' |
The following table presents the aging of the recorded investment in past due loans as of September 30, 2013 by class of loans: |
|
(dollars in thousands) | | 30-59 Days | | 60-89 Days | | Over 90 Days | | Total Past Due | | Total | | Total Loans | | | | |
Past Due | Past Due | Past Due | Current* | | | |
Commercial, industrial and agricultural | | $ | 657 | | $ | 92 | | $ | 172 | | $ | 921 | | $ | 47,422 | | $ | 48,343 | | | | |
Real estate - one to four family residential: | | | | | | | | | | | | | | | | | | | | | | |
Closed end first and seconds | | | 6,929 | | | 906 | | | 1,511 | | | 9,346 | | | 215,378 | | | 224,724 | | | | |
Home equity lines | | | 498 | | | 200 | | | 361 | | | 1,059 | | | 97,510 | | | 98,569 | | | | |
Total real estate - one to four family residential | | | 7,427 | | | 1,106 | | | 1,872 | | | 10,405 | | | 312,888 | | | 323,293 | | | | |
Real estate - multifamily residential | | | - | | | - | | | - | | | - | | | 18,225 | | | 18,225 | | | | |
Real estate - construction: | | | | | | | | | | | | | | | | | | | | | | |
One to four family residential | | | 223 | | | - | | | 292 | | | 515 | | | 16,184 | | | 16,699 | | | | |
Other construction, land development and other land | | | 17 | | | - | | | 227 | | | 244 | | | 21,598 | | | 21,842 | | | | |
Total real estate - construction | | | 240 | | | - | | | 519 | | | 759 | | | 37,782 | | | 38,541 | | | | |
Real estate - farmland | | | - | | | 133 | | | 457 | | | 590 | | | 7,453 | | | 8,043 | | | | |
Real estate - non-farm, non-residential: | | | | | | | | | | | | | | | | | | | | | | |
Owner occupied | | | 175 | | | 3,555 | | | 247 | | | 3,977 | | | 124,823 | | | 128,800 | | | | |
Non-owner occupied | | | - | | | - | | | 203 | | | 203 | | | 76,458 | | | 76,661 | | | | |
Total real estate - non-farm, non-residential | | | 175 | | | 3,555 | | | 450 | | | 4,180 | | | 201,281 | | | 205,461 | | | | |
Consumer | | | 376 | | | 3 | | | 103 | | | 482 | | | 17,284 | | | 17,766 | | | | |
Other | | | 8 | | | - | | | - | | | 8 | | | 2,945 | | | 2,953 | | | | |
Total loans | | $ | 8,883 | | $ | 4,889 | | $ | 3,573 | | $ | 17,345 | | $ | 645,280 | | $ | 662,625 | | | | |
|
* For purposes of this table only, the "Total Current" column includes loans that are 1-29 days past due. |
|
The following table presents the aging of the recorded investment in past due loans as of December 31, 2012 by class of loans: |
|
(dollars in thousands) | | 30-59 Days | | 60-89 Days | | Over 90 Days | | Total Past Due | | Total | | Total | | | | |
Past Due | Past Due | Past Due | Current* | Loans | | | |
Commercial, industrial and agricultural | | $ | 352 | | $ | 253 | | $ | 187 | | $ | 792 | | $ | 51,089 | | $ | 51,881 | | | | |
Real estate - one to four family residential: | | | | | | | | | | | | | | | | | | | | | | |
Closed end first and seconds | | | 6,169 | | | 870 | | | 3,904 | | | 10,943 | | | 228,059 | | | 239,002 | | | | |
Home equity lines | | | 604 | | | 239 | | | 195 | | | 1,038 | | | 98,660 | | | 99,698 | | | | |
Total real estate - one to four family residential | | | 6,773 | | | 1,109 | | | 4,099 | | | 11,981 | | | 326,719 | | | 338,700 | | | | |
Real estate - multifamily residential | | | - | | | - | | | - | | | - | | | 15,801 | | | 15,801 | | | | |
Real estate - construction: | | | | | | | | | | | | | | | | | | | | | | |
One to four family residential | | | 164 | | | 11 | | | 706 | | | 881 | | | 19,351 | | | 20,232 | | | | |
Other construction, land development and other land | | | 23 | | | - | | | 439 | | | 462 | | | 34,093 | | | 34,555 | | | | |
Total real estate - construction | | | 187 | | | 11 | | | 1,145 | | | 1,343 | | | 53,444 | | | 54,787 | | | | |
Real estate - farmland | | | - | | | - | | | 40 | | | 40 | | | 8,518 | | | 8,558 | | | | |
Real estate - non-farm, non-residential: | | | | | | | | | | | | | | | | | | | | | | |
Owner occupied | | | 619 | | | - | | | 1,177 | | | 1,796 | | | 118,028 | | | 119,824 | | | | |
Non-owner occupied | | | 395 | | | - | | | 855 | | | 1,250 | | | 70,491 | | | 71,741 | | | | |
Total real estate - non-farm, non-residential | | | 1,014 | | | - | | | 2,032 | | | 3,046 | | | 188,519 | | | 191,565 | | | | |
Consumer | | | 328 | | | 9 | | | 138 | | | 475 | | | 19,698 | | | 20,173 | | | | |
Other | | | 21 | | | - | | | - | | | 21 | | | 3,182 | | | 3,203 | | | | |
Total loans | | $ | 8,675 | | $ | 1,382 | | $ | 7,641 | | $ | 17,698 | | $ | 666,970 | | $ | 684,668 | | | | |
|
* For purposes of this table only, the "Total Current" column includes loans that are 1-29 days past due. |
| | | | | | | | | | | | | | | | | | | | | | |
Nonaccural Loans, Loans Past Due Ninety Days and Accruing Interest, and Restructured Loans | ' |
The following table presents nonaccrual loans, loans past due 90 days and accruing interest, and restructured loans at the dates indicated: |
|
| | September 30, | | December 31, | | | | | | | | | | | | | | | | |
(dollars in thousands) | | 2013 | | 2012 | | | | | | | | | | | | | | | | |
Nonaccrual loans | | $ | 6,352 | | $ | 11,874 | | | | | | | | | | | | | | | | |
Loans past due 90 days and accruing interest | | | - | | | - | | | | | | | | | | | | | | | | |
Restructured loans (accruing) | | | 2,767 | | | 4,433 | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
Recorded Investment in Nonaccrual Loans and Loans Past Due Ninety Days and Accruing Interest by Class | ' |
The following table presents the recorded investment in nonaccrual loans by class at September 30, 2013 and December 31, 2012: |
|
| | Nonaccrual | | | | | | | | | | | | | | | | |
| | September 30, | | December 31, | | | | | | | | | | | | | | | | |
(dollars in thousands) | | 2013 | | 2012 | | | | | | | | | | | | | | | | |
Commercial, industrial and agricultural | | $ | 172 | | $ | 391 | | | | | | | | | | | | | | | | |
Real estate - one to four family residential: | | | | | | | | | | | | | | | | | | | | | | |
Closed end first and seconds | | | 3,915 | | | 6,127 | | | | | | | | | | | | | | | | |
Home equity lines | | | 536 | | | 445 | | | | | | | | | | | | | | | | |
Total real estate - one to four family residential | | | 4,451 | | | 6,572 | | | | | | | | | | | | | | | | |
Real estate - construction: | | | | | | | | | | | | | | | | | | | | | | |
One to four family residential | | | 481 | | | 900 | | | | | | | | | | | | | | | | |
Other construction, land development and other land | | | 228 | | | 439 | | | | | | | | | | | | | | | | |
Total real estate - construction | | | 709 | | | 1,339 | | | | | | | | | | | | | | | | |
Real estate - farmland | | | 457 | | | 40 | | | | | | | | | | | | | | | | |
Real estate - non-farm, non-residential: | | | | | | | | | | | | | | | | | | | | | | |
Owner occupied | | | 247 | | | 2,526 | | | | | | | | | | | | | | | | |
Non-owner occupied | | | 203 | | | 855 | | | | | | | | | | | | | | | | |
Total real estate - non-farm, non-residential | | | 450 | | | 3,381 | | | | | | | | | | | | | | | | |
Consumer | | | 113 | | | 151 | | | | | | | | | | | | | | | | |
Total loans | | $ | 6,352 | | $ | 11,874 | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
Commercial Loans by Credit Quality Indicator | ' |
The following table presents commercial loans by credit quality indicator at September 30, 2013: |
|
(dollars in thousands) | | Pass | | Special Mention | | Substandard | | Doubtful | | Impaired | | Total | | | | |
Commercial, industrial and agricultural | | $ | 40,676 | | $ | 4,032 | | $ | 1,631 | | $ | 5 | | $ | 1,999 | | $ | 48,343 | | | | |
Real estate - multifamily residential | | | 18,225 | | | - | | | - | | | - | | | - | | | 18,225 | | | | |
Real estate - construction: | | | | | | | | | | | | | | | | | | | | | | |
One to four family residential | | | 15,428 | | | 237 | | | 70 | | | - | | | 964 | | | 16,699 | | | | |
Other construction, land development and other land | | | 9,185 | | | 5,706 | | | 215 | | | - | | | 6,736 | | | 21,842 | | | | |
Total real estate - construction | | | 24,613 | | | 5,943 | | | 285 | | | - | | | 7,700 | | | 38,541 | | | | |
Real estate - farmland | | | 6,581 | | | 339 | | | 533 | | | - | | | 590 | | | 8,043 | | | | |
Real estate - non-farm, non-residential: | | | | | | | | | | | | | | | | | | | | | | |
Owner occupied | | | 100,056 | | | 11,128 | | | 6,438 | | | 82 | | | 11,096 | | | 128,800 | | | | |
Non-owner occupied | | | 51,219 | | | 16,690 | | | 479 | | | - | | | 8,273 | | | 76,661 | | | | |
Total real estate - non-farm, non-residential | | | 151,275 | | | 27,818 | | | 6,917 | | | 82 | | | 19,369 | | | 205,461 | | | | |
Total commercial loans | | $ | 241,370 | | $ | 38,132 | | $ | 9,366 | | $ | 87 | | $ | 29,658 | | $ | 318,613 | | | | |
|
The following table presents commercial loans by credit quality indicator at December 31, 2012: |
|
(dollars in thousands) | | Pass | | Special Mention | | Substandard | | Doubtful | | Impaired | | Total | | | | |
Commercial, industrial and agricultural | | $ | 46,705 | | $ | 2,454 | | $ | 1,602 | | $ | 169 | | $ | 951 | | $ | 51,881 | | | | |
Real estate - multifamily residential | | | 15,801 | | | - | | | - | | | - | | | - | | | 15,801 | | | | |
Real estate - construction: | | | | | | | | | | | | | | | | | | | | | | |
One to four family residential | | | 17,976 | | | 923 | | | 883 | | | - | | | 450 | | | 20,232 | | | | |
Other construction, land development and other land | | | 9,167 | | | 3,449 | | | 3,008 | | | - | | | 18,931 | | | 34,555 | | | | |
Total real estate - construction | | | 27,143 | | | 4,372 | | | 3,891 | | | - | | | 19,381 | | | 54,787 | | | | |
Real estate - farmland | | | 7,371 | | | 1,146 | | | 41 | | | - | | | - | | | 8,558 | | | | |
Real estate - non-farm, non-residential: | | | | | | | | | | | | | | | | | | | | | | |
Owner occupied | | | 87,058 | | | 16,424 | | | 10,669 | | | 72 | | | 5,601 | | | 119,824 | | | | |
Non-owner occupied | | | 44,721 | | | 15,090 | | | 3,821 | | | - | | | 8,109 | | | 71,741 | | | | |
Total real estate - non-farm, non-residential | | | 131,779 | | | 31,514 | | | 14,490 | | | 72 | | | 13,710 | | | 191,565 | | | | |
Total commercial loans | | $ | 228,799 | | $ | 39,486 | | $ | 20,024 | | $ | 241 | | $ | 34,042 | | $ | 322,592 | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
Consumer Loans, Including One to Four Family Residential First and Seconds and Home Equity Lines, by Payment Activity | ' |
The following table presents consumer loans, including one to four family residential first and seconds and home equity lines, by payment activity at September 30, 2013: |
|
(dollars in thousands) | | Performing | | Nonperforming | | Total | | | | | | | | | | | | | |
Real estate - one to four family residential: | | | | | | | | | | | | | | | | | | | | | | |
Closed end first and seconds | | $ | 213,159 | | $ | 11,565 | | $ | 224,724 | | | | | | | | | | | | | |
Home equity lines | | | 97,893 | | | 676 | | | 98,569 | | | | | | | | | | | | | |
Total real estate - one to four family residential | | | 311,052 | | | 12,241 | | | 323,293 | | | | | | | | | | | | | |
Consumer | | | 17,355 | | | 411 | | | 17,766 | | | | | | | | | | | | | |
Other | | | 2,477 | | | 476 | | | 2,953 | | | | | | | | | | | | | |
Total consumer loans | | $ | 330,884 | | $ | 13,128 | | $ | 344,012 | | | | | | | | | | | | | |
|
The following table presents consumer loans, including one to four family residential first and seconds and home equity lines, by payment activity at December 31, 2012: |
|
(dollars in thousands) | | Performing | | Nonperforming | | Total | | | | | | | | | | | | | |
Real estate - one to four family residential: | | | | | | | | | | | | | | | | | | | | | | |
Closed end first and seconds | | $ | 229,087 | | $ | 9,915 | | $ | 239,002 | | | | | | | | | | | | | |
Home equity lines | | | 98,343 | | | 1,355 | | | 99,698 | | | | | | | | | | | | | |
Total real estate - one to four family residential | | | 327,430 | | | 11,270 | | | 338,700 | | | | | | | | | | | | | |
Consumer | | | 20,010 | | | 163 | | | 20,173 | | | | | | | | | | | | | |
Other | | | 2,715 | | | 488 | | | 3,203 | | | | | | | | | | | | | |
Total consumer loans | | $ | 350,155 | | $ | 11,921 | | $ | 362,076 | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
Change in Allowance for Loan Losses | ' |
The following table summarizes the activity in the Company’s allowance for loan losses for the periods presented: |
|
| | Nine Months Ended | | Twelve Months Ended | | Nine Months Ended | | | | | | | | | | | | | |
| | September 30, | | December 31, | | September 30, | | | | | | | | | | | | | |
(dollars in thousands) | | 2013 | | 2012 | | 2012 | | | | | | | | | | | | | |
Balance at beginning of period | | $ | 20,338 | | $ | 24,102 | | $ | 24,102 | | | | | | | | | | | | | |
Provision charged against income | | | 1,550 | | | 5,658 | | | 4,783 | | | | | | | | | | | | | |
Recoveries of loans charged off | | | 688 | | | 1,626 | | | 1,200 | | | | | | | | | | | | | |
Loans charged off | | | -5,682 | | | -11,048 | | | -7,982 | | | | | | | | | | | | | |
Balance at end of period | | $ | 16,894 | | $ | 20,338 | | $ | 22,103 | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
Rollforward of Allowance for Loan Losses | ' |
The following table presents a rollforward of the Company’s allowance for loan losses for the nine months ended September 30, 2013: |
|
| | Beginning Balance | | | | | | | | | | | Ending Balance | | | | | | | |
(dollars in thousands) | | January 1, 2013 | | Charge-offs | | Recoveries | | Provision | | September 30, 2013 | | | | | | | |
Commercial, industrial and agricultural | | $ | 2,340 | | $ | -534 | | $ | 277 | | $ | -734 | | $ | 1,349 | | | | | | | |
Real estate - one to four family residential: | | | | | | | | | | | | | | | | | | | | | | |
Closed end first and seconds | | | 2,876 | | | -1,137 | | | 67 | | | 1,256 | | | 3,062 | | | | | | | |
Home equity lines | | | 720 | | | -111 | | | 29 | | | 77 | | | 715 | | | | | | | |
Total real estate - one to four family residential | | | 3,596 | | | -1,248 | | | 96 | | | 1,333 | | | 3,777 | | | | | | | |
Real estate - multifamily residential | | | 62 | | | - | | | - | | | 8 | | | 70 | | | | | | | |
Real estate - construction: | | | | | | | | | | | | | | | | | | | | | | |
One to four family residential | | | 419 | | | -57 | | | 58 | | | -159 | | | 261 | | | | | | | |
Other construction, land development and other land | | | 3,897 | | | -1,154 | | | 68 | | | -791 | | | 2,020 | | | | | | | |
Total real estate - construction | | | 4,316 | | | -1,211 | | | 126 | | | -950 | | | 2,281 | | | | | | | |
Real estate - farmland | | | 41 | | | - | | | - | | | -2 | | | 39 | | | | | | | |
Real estate - non-farm, non-residential: | | | | | | | | | | | | | | | | | | | | | | |
Owner occupied | | | 5,092 | | | -514 | | | - | | | 1,117 | | | 5,695 | | | | | | | |
Non-owner occupied | | | 4,093 | | | -1,912 | | | 55 | | | 685 | | | 2,921 | | | | | | | |
Total real estate - non-farm, non-residential | | | 9,185 | | | -2,426 | | | 55 | | | 1,802 | | | 8,616 | | | | | | | |
Consumer | | | 215 | | | -165 | | | 94 | | | 71 | | | 215 | | | | | | | |
Other | | | 583 | | | -98 | | | 40 | | | 22 | | | 547 | | | | | | | |
Total | | $ | 20,338 | | $ | -5,682 | | $ | 688 | | $ | 1,550 | | $ | 16,894 | | | | | | | |
|
The following table presents a rollforward of the Company’s allowance for loan losses for the nine months ended September 30, 2012: |
|
| | Beginning Balance | | | | | | | | | | | Ending Balance | | | | | | | |
(dollars in thousands) | | January 1, 2012 | | Charge-offs | | Recoveries | | Provision | | September 30, 2012 | | | | | | | |
Commercial, industrial and agricultural | | $ | 4,389 | | $ | -999 | | $ | 464 | | $ | -728 | | $ | 3,126 | | | | | | | |
Real estate - one to four family residential: | | | | | | | | | | | | | | | | | | | | | | |
Closed end first and seconds | | | 2,856 | | | -1,265 | | | 14 | | | 1,167 | | | 2,772 | | | | | | | |
Home equity lines | | | 278 | | | -669 | | | 10 | | | 1,290 | | | 909 | | | | | | | |
Total real estate - one to four family residential | | | 3,134 | | | -1,934 | | | 24 | | | 2,457 | | | 3,681 | | | | | | | |
Real estate - multifamily residential | | | 29 | | | - | | | - | | | 35 | | | 64 | | | | | | | |
Real estate - construction: | | | | | | | | | | | | | | | | | | | | | | |
One to four family residential | | | 382 | | | -76 | | | 38 | | | 14 | | | 358 | | | | | | | |
Other construction, land development and other land | | | 6,861 | | | -1,618 | | | 1 | | | -899 | | | 4,345 | | | | | | | |
Total real estate - construction | | | 7,243 | | | -1,694 | | | 39 | | | -885 | | | 4,703 | | | | | | | |
Real estate - farmland | | | 15 | | | - | | | - | | | 27 | | | 42 | | | | | | | |
Real estate - non-farm, non-residential: | | | | | | | | | | | | | | | | | | | | | | |
Owner occupied | | | 4,831 | | | -1,443 | | | 120 | | | 1,516 | | | 5,024 | | | | | | | |
Non-owner occupied | | | 3,172 | | | -1,507 | | | 409 | | | 2,492 | | | 4,566 | | | | | | | |
Total real estate - non-farm, non-residential | | | 8,003 | | | -2,950 | | | 529 | | | 4,008 | | | 9,590 | | | | | | | |
Consumer | | | 776 | | | -335 | | | 117 | | | -300 | | | 258 | | | | | | | |
Other | | | 513 | | | -70 | | | 27 | | | 93 | | | 563 | | | | | | | |
Unallocated | | | - | | | - | | | - | | | 76 | | | 76 | | | | | | | |
Total | | $ | 24,102 | | $ | -7,982 | | $ | 1,200 | | $ | 4,783 | | $ | 22,103 | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Class Based on Impairment | ' |
The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio class based on impairment method as of September 30, 2013: |
|
| | Allowance allocated to loans: | | Total Loans: | | | | |
(dollars in thousands) | | Individually | | Collectively | | Total | | Individually | | Collectively | | Total | | | | |
evaluated for | evaluated for | evaluated for | evaluated for | | | |
impairment | impairment | impairment | impairment | | | |
Commercial, industrial and agricultural | | $ | 218 | | $ | 1,131 | | $ | 1,349 | | $ | 2,000 | | $ | 46,343 | | $ | 48,343 | | | | |
Real estate - one to four family residential: | | | | | | | | | | | | | | | | | | | | | | |
Closed end first and seconds | | | 1,331 | | | 1,731 | | | 3,062 | | | 10,054 | | | 214,670 | | | 224,724 | | | | |
Home equity lines | | | - | | | 715 | | | 715 | | | 315 | | | 98,254 | | | 98,569 | | | | |
Total real estate - one to four family residential | | | 1,331 | | | 2,446 | | | 3,777 | | | 10,369 | | | 312,924 | | | 323,293 | | | | |
Real estate - multifamily residential | | | - | | | 70 | | | 70 | | | - | | | 18,225 | | | 18,225 | | | | |
Real estate - construction: | | | | | | | | | | | | | | | | | | | | | | |
One to four family residential | | | 184 | | | 77 | | | 261 | | | 964 | | | 15,735 | | | 16,699 | | | | |
Other construction, land development and other land | | | - | | | 2,020 | | | 2,020 | | | 6,736 | | | 15,106 | | | 21,842 | | | | |
Total real estate - construction | | | 184 | | | 2,097 | | | 2,281 | | | 7,700 | | | 30,841 | | | 38,541 | | | | |
Real estate - farmland | | | - | | | 39 | | | 39 | | | 590 | | | 7,453 | | | 8,043 | | | | |
Real estate - non-farm, non-residential: | | | | | | | | | | | | | | | | | | | | | | |
Owner occupied | | | 2,457 | | | 3,238 | | | 5,695 | | | 11,096 | | | 117,704 | | | 128,800 | | | | |
Non-owner occupied | | | 663 | | | 2,258 | | | 2,921 | | | 8,273 | | | 68,388 | | | 76,661 | | | | |
Total real estate - non-farm, non-residential | | | 3,120 | | | 5,496 | | | 8,616 | | | 19,369 | | | 186,092 | | | 205,461 | | | | |
Consumer | | | 88 | | | 127 | | | 215 | | | 308 | | | 17,458 | | | 17,766 | | | | |
Other | | | 326 | | | 221 | | | 547 | | | 475 | | | 2,478 | | | 2,953 | | | | |
Total | | $ | 5,267 | | $ | 11,627 | | $ | 16,894 | | $ | 40,811 | | $ | 621,814 | | $ | 662,625 | | | | |
|
The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio class based on impairment method as of December 31, 2012: |
|
| | Allowance allocated to loans: | | Total Loans: | | | | |
(dollars in thousands) | | Individually | | Collectively | | Total | | Individually | | Collectively | | Total | | | | |
evaluated for | evaluated for | evaluated for | evaluated for | | | |
impairment | impairment | impairment | impairment | | | |
Commercial, industrial and agricultural | | $ | 402 | | $ | 1,938 | | $ | 2,340 | | $ | 951 | | $ | 50,930 | | $ | 51,881 | | | | |
Real estate - one to four family residential: | | | | | | | | | | | | | | | | | | | | | | |
Closed end first and seconds | | | 923 | | | 1,953 | | | 2,876 | | | 6,856 | | | 232,146 | | | 239,002 | | | | |
Home equity lines | | | - | | | 720 | | | 720 | | | 315 | | | 99,383 | | | 99,698 | | | | |
Total real estate - one to four family residential | | | 923 | | | 2,673 | | | 3,596 | | | 7,171 | | | 331,529 | | | 338,700 | | | | |
Real estate - multifamily residential | | | - | | | 62 | | | 62 | | | - | | | 15,801 | | | 15,801 | | | | |
Real estate - construction: | | | | | | | | | | | | | | | | | | | | | | |
One to four family residential | | | 268 | | | 151 | | | 419 | | | 450 | | | 19,782 | | | 20,232 | | | | |
Other construction, land development and other land | | | 928 | | | 2,969 | | | 3,897 | | | 18,931 | | | 15,624 | | | 34,555 | | | | |
Total real estate - construction | | | 1,196 | | | 3,120 | | | 4,316 | | | 19,381 | | | 35,406 | | | 54,787 | | | | |
Real estate - farmland | | | - | | | 41 | | | 41 | | | - | | | 8,558 | | | 8,558 | | | | |
Real estate - non-farm, non-residential: | | | | | | | | | | | | | | | | | | | | | | |
Owner occupied | | | 714 | | | 4,378 | | | 5,092 | | | 5,601 | | | 114,223 | | | 119,824 | | | | |
Non-owner occupied | | | 1,646 | | | 2,447 | | | 4,093 | | | 8,109 | | | 63,632 | | | 71,741 | | | | |
Total real estate - non-farm, non-residential | | | 2,360 | | | 6,825 | | | 9,185 | | | 13,710 | | | 177,855 | | | 191,565 | | | | |
Consumer | | | 1 | | | 214 | | | 215 | | | 25 | | | 20,148 | | | 20,173 | | | | |
Other | | | 348 | | | 235 | | | 583 | | | 488 | | | 2,715 | | | 3,203 | | | | |
Total | | $ | 5,230 | | $ | 15,108 | | $ | 20,338 | | $ | 41,726 | | $ | 642,942 | | $ | 684,668 | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
Impairment by Class of Loans | ' |
The following table presents loans individually evaluated for impairment by class of loans as of September 30, 2013: |
|
(dollars in thousands) | | Recorded | | Unpaid | | Recorded | | Recorded | | Related | | Average | | Interest | |
Investment | Principal | Investment With | Investment With | Allowance | Recorded | Income |
| Balance | No Allowance | Allowance | | Investment | Recognized |
Commercial, industrial and agricultural | | $ | 2,000 | | $ | 2,000 | | $ | - | | $ | 2,000 | | $ | 218 | | $ | 1,626 | | $ | 79 | |
Real estate - one to four family residential: | | | | | | | | | | | | | | | | | | | | | | |
Closed end first and seconds | | | 10,054 | | | 10,300 | | | 3,025 | | | 7,029 | | | 1,331 | | | 8,736 | | | 353 | |
Home equity lines | | | 315 | | | 515 | | | 315 | | | - | | | - | | | 390 | | | 8 | |
Total real estate - one to four family residential | | | 10,369 | | | 10,815 | | | 3,340 | | | 7,029 | | | 1,331 | | | 9,126 | | | 361 | |
Real estate - construction: | | | | | | | | | | | | | | | | | | | | | | |
One to four family residential | | | 964 | | | 964 | | | 654 | | | 310 | | | 184 | | | 830 | | | 23 | |
Other construction, land development and other land | | | 6,736 | | | 9,288 | | | 6,736 | | | - | | | - | | | 9,484 | | | 284 | |
Total real estate - construction | | | 7,700 | | | 10,252 | | | 7,390 | | | 310 | | | 184 | | | 10,314 | | | 307 | |
Real estate - farmland | | | 590 | | | 590 | | | 590 | | | - | | | - | | | 295 | | | 10 | |
Real estate - non-farm, non-residential: | | | | | | | | | | | | | | | | | | | | | | |
Owner occupied | | | 11,096 | | | 11,096 | | | 3,650 | | | 7,446 | | | 2,457 | | | 10,592 | | | 393 | |
Non-owner occupied | | | 8,273 | | | 8,646 | | | 4,931 | | | 3,342 | | | 663 | | | 9,821 | | | 325 | |
Total real estate - non-farm, non-residential | | | 19,369 | | | 19,742 | | | 8,581 | | | 10,788 | | | 3,120 | | | 20,413 | | | 718 | |
Consumer | | | 308 | | | 308 | | | - | | | 308 | | | 88 | | | 172 | | | 15 | |
Other | | | 475 | | | 476 | | | - | | | 475 | | | 326 | | | 514 | | | - | |
Total loans | | $ | 40,811 | | $ | 44,183 | | $ | 19,901 | | $ | 20,910 | | $ | 5,267 | | $ | 42,460 | | $ | 1,490 | |
|
The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2012: |
|
(dollars in thousands) | | Recorded | | Unpaid | | Recorded | | Recorded | | Related | | Average | | Interest | |
Investment | Principal | Investment With | Investment With | Allowance | Recorded | Income |
| Balance | No Allowance | Allowance | | Investment | Recognized |
Commercial, industrial and agricultural | | $ | 951 | | $ | 1,247 | | $ | 408 | | $ | 543 | | $ | 402 | | $ | 907 | | $ | 59 | |
Real estate - one to four family residential: | | | | | | | | | | | | | | | | | | | | | | |
Closed end first and seconds | | | 6,856 | | | 7,327 | | | 2,127 | | | 4,729 | | | 923 | | | 8,431 | | | 386 | |
Home Equity lines | | | 315 | | | 515 | | | 315 | | | - | | | - | | | 801 | | | 9 | |
Total real estate - one to four family residential | | | 7,171 | | | 7,842 | | | 2,442 | | | 4,729 | | | 923 | | | 9,232 | | | 395 | |
Real estate - construction: | | | | | | | | | | | | | | | | | | | | | | |
One to four family residential | | | 450 | | | 450 | | | - | | | 450 | | | 268 | | | 402 | | | 10 | |
Other construction, land development and other land | | | 18,931 | | | 18,931 | | | 14,071 | | | 4,860 | | | 928 | | | 20,169 | | | 814 | |
Total real estate - construction | | | 19,381 | | | 19,381 | | | 14,071 | | | 5,310 | | | 1,196 | | | 20,571 | | | 824 | |
Real estate - non-farm, non-residential: | | | | | | | | | | | | | | | | | | | | | | |
Owner occupied | | | 5,601 | | | 5,748 | | | 380 | | | 5,221 | | | 714 | | | 8,753 | | | 304 | |
Non-owner occupied | | | 8,109 | | | 8,109 | | | 626 | | | 7,483 | | | 1,646 | | | 8,434 | | | 457 | |
Total real estate - non-farm, non-residential | | | 13,710 | | | 13,857 | | | 1,006 | | | 12,704 | | | 2,360 | | | 17,187 | | | 761 | |
Consumer | | | 25 | | | 25 | | | - | | | 25 | | | 1 | | | 25 | | | 2 | |
Other | | | 488 | | | 488 | | | - | | | 488 | | | 348 | | | 496 | | | - | |
Total loans | | $ | 41,726 | | $ | 42,840 | | $ | 17,927 | | $ | 23,799 | | $ | 5,230 | | $ | 48,418 | | $ | 2,041 | |
| | | | | | | | | | | | | | | | | | | | | | |
Loans Modified as Troubled Debt Restructurings | ' |
The following tables present, by class of loans, information related to loans modified as TDRs during the three and nine months ended September 30, 2013 and 2012: |
|
| | Three Months Ended September 30, 2013 | | Three Months Ended September 30, 2012 | | | | | | |
(dollars in thousands) | | Number of | | Pre- | | Post- | | Number | | Pre- | | Post- | | | | | | |
Loans | Modification | Modification | of Loans | Modification | Modification | | | | | |
| Recorded | Recorded | | Recorded | Recorded | | | | | |
| Balance | Balance* | | Balance | Balance* | | | | | |
Real estate - one to four family residential: | | | | | | | | | | | | | | | | | | | | | | |
Closed end first and seconds | | 1 | | $ | 434 | | $ | 434 | | 1 | | $ | 179 | | $ | 179 | | | | | | |
Total | | 1 | | $ | 434 | | $ | 434 | | 1 | | $ | 179 | | $ | 179 | | | | | | |
|
* The period end balances are inclusive of all partial paydowns and charge-offs since the modification date. Loans modified as TDRs that were fully paid down, charged-off, or foreclosed upon by period end are not reported. |
|
| | Nine Months Ended September 30, 2013 | | Nine Months Ended September 30, 2012 | | | | | | |
(dollars in thousands) | | Number of | | Pre- | | Post- | | Number | | Pre- | | Post- | | | | | | |
Loans | Modification | Modification | of Loans | Modification | Modification | | | | | |
| Recorded | Recorded | | Recorded | Recorded | | | | | |
| Balance | Balance* | | Balance | Balance* | | | | | |
Commercial, industrial and agricultural | | - | | $ | - | | $ | - | | 1 | | $ | 66 | | $ | 66 | | | | | | |
Real estate - one to four family residential: | | | | | | | | | | | | | | | | | | | | | | |
Closed end first and seconds | | 3 | | | 876 | | | 872 | | 3 | | | 909 | | | 908 | | | | | | |
Real estate - construction: | | | | | | | | | | | | | | | | | | | | | | |
One to four family residential | | - | | | - | | | - | | 2 | | | 371 | | | 371 | | | | | | |
Other construction, land development and other land | | - | | | - | | | - | | 2 | | | 164 | | | 163 | | | | | | |
Total real estate - construction | | - | | | - | | | - | | 4 | | | 535 | | | 534 | | | | | | |
Total | | 3 | | $ | 876 | | $ | 872 | | 8 | | $ | 1,510 | | $ | 1,508 | | | | | | |
|
* The period end balances are inclusive of all partial paydowns and charge-offs since the modification date. Loans modified as TDRs that were fully paid down, charged-off, or foreclosed upon by period end are not reported. |
| | | | | | | | | | | | | | | | | | | | | | |
Loans Modified as Troubled Debt Restructurings that Subsequently Defaulted | ' |
The following tables present, by class of loans, information related to loans modified as TDRs that subsequently defaulted (i.e., 90 days or more past due following a modification) during the three and nine months ended September 30, 2013 and 2012 and were modified as TDRs within the 12 months prior to default: |
|
| | Three Months Ended | | Three Months Ended | | | | | | | | | | | |
September 30, 2013 | September 30, 2012 | | | | | | | | | | | |
(dollars in thousands) | | Number of | | Recorded | | Number of | | Recorded | | | | | | | | | | | | |
Loans | Balance | Loans | Balance | | | | | | | | | | | |
Real estate - one to four family residential: | | | | | | | | | | | | | | | | | | | | | | |
Closed end first and seconds | | - | | $ | - | | 1 | | $ | 149 | | | | | | | | | | | | |
Real estate - construction: | | | | | | | | | | | | | | | | | | | | | | |
One to four family residential | | - | | | - | | 1 | | | 240 | | | | | | | | | | | | |
Total | | - | | $ | - | | 2 | | $ | 389 | | | | | | | | | | | | |
|
| | Nine Months Ended | | Nine Months Ended | | | | | | | | | | | | |
September 30, 2013 | September 30, 2012 | | | | | | | | | | | |
(dollars in thousands) | | Number of | | | Recorded | | Number of | | | Recorded | | | | | | | | | | | | |
Loans | Balance | Loans | Balance | | | | | | | | | | | |
Real estate - one to four family residential: | | | | | | | | | | | | | | | | | | | | | | |
Closed end first and seconds | | 2 | | $ | 234 | | 1 | | $ | 149 | | | | | | | | | | | | |
Real estate - construction: | | | | | | | | | | | | | | | | | | | | | | |
One to four family residential | | - | | | - | | 1 | | | 240 | | | | | | | | | | | | |
Real estate - non-farm, non-residential: | | | | | | | | | | | | | | | | | | | | | | |
Non-owner occupied | | 1 | | | 164 | | - | | | - | | | | | | | | | | | | |
Total | | 3 | | $ | 398 | | 2 | | $ | 389 | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |