ALLOWANCE FOR LOAN LOSSES | 3 Months Ended |
Mar. 31, 2015 |
Receivables [Abstract] | |
ALLOWANCE FOR LOAN LOSSES | NOTE 5. ALLOWANCE FOR LOAN LOSSES |
An analysis of the allowance for loan losses is as follows as of the dates presented (dollars in thousands): |
|
| 31-Mar-15 | | | 31-Dec-14 | | | | | | | | | | | | | | | | | | | | | | | | | |
Balance, beginning of period | $ | 4,630 | | | $ | 3,380 | | | | | | | | | | | | | | | | | | | | | | | | | |
Provision for loan losses | | 700 | | | | 1,628 | | | | | | | | | | | | | | | | | | | | | | | | | |
Loans charged off | | (142 | ) | | | (459 | ) | | | | | | | | | | | | | | | | | | | | | | | | |
Recoveries | | 191 | | | | 81 | | | | | | | | | | | | | | | | | | | | | | | | | |
Balance, end of period | $ | 5,379 | | | $ | 4,630 | | | | | | | | | | | | | | | | | | | | | | | | | |
|
|
The following tables outline the changes in the allowance for loan losses by collateral type, the allowances for loans individually and collectively evaluated for impairment, and the amount of loans individually and collectively evaluated for impairment as of and for the three months ended March 31, 2015 and the year ended December 31, 2014 (dollars in thousands): |
|
| 31-Mar-15 | |
| Construction & | | | | | | | | | | | | | | | Commercial | | | Commercial & | | | | | | | | | |
| Development | | | Farmland | | | 1‑4 Family | | | Multifamily | | | Real Estate | | | Industrial | | | Consumer | | | Total | |
Allowance for loan losses: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning balance | $ | 526 | | | $ | 18 | | | $ | 909 | | | $ | 137 | | | $ | 1,571 | | | $ | 390 | | | $ | 1,079 | | | | 4,630 | |
Charge-offs | | (5 | ) | | | - | | | | - | | | | - | | | | - | | | | (56 | ) | | | (81 | ) | | | (142 | ) |
Recoveries | | 1 | | | | - | | | | 3 | | | | - | | | | - | | | | 180 | | | | 7 | | | | 191 | |
Provision | | 116 | | | | 5 | | | | 112 | | | | 27 | | | | 387 | | | | (105 | ) | | | 158 | | | | 700 | |
Ending balance | $ | 638 | | | $ | 23 | | | $ | 1,024 | | | $ | 164 | | | $ | 1,958 | | | $ | 409 | | | $ | 1,163 | | | $ | 5,379 | |
Ending allowance balance for loans | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | | | 104 | | | | 104 | |
individually evaluated for |
impairment |
Ending allowance balance for loans | $ | 638 | | | $ | 23 | | | $ | 1,024 | | | $ | 164 | | | $ | 1,958 | | | $ | 409 | | | $ | 1,059 | | | $ | 5,275 | |
collectively evaluated for |
impairment |
Ending allowance balance for loans | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | |
acquired with deteriorated credit |
quality |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Loans receivable: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Balance of loans individually | $ | 1,511 | | | $ | - | | | $ | 1,842 | | | $ | 1,066 | | | $ | 862 | | | $ | 119 | | | $ | 730 | | | $ | 6,130 | |
evaluated for impairment |
Balance of loans collectively | | 72,460 | | | | 3,270 | | | | 137,945 | | | | 18,153 | | | | 236,746 | | | | 58,684 | | | | 113,051 | | | | 640,309 | |
evaluated for impairment |
Total period-end balance | $ | 73,971 | | | $ | 3,270 | | | $ | 139,787 | | | $ | 19,219 | | | $ | 237,608 | | | $ | 58,803 | | | $ | 113,781 | | | $ | 646,439 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Balance of loans acquired with | $ | 753 | | | $ | - | | | $ | 833 | | | $ | 1,065 | | | $ | - | | | $ | - | | | $ | 44 | | | $ | 2,695 | |
deteriorated credit quality |
|
|
| 31-Dec-14 | |
| Construction & | | | | | | | | | | | | | | | Commercial | | | Commercial & | | | | | | | | | |
| Development | | | Farmland | | | 1‑4 Family | | | Multifamily | | | Real Estate | | | Industrial | | | Consumer | | | Total | |
Allowance for loan losses: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning balance | $ | 420 | | | $ | 4 | | | $ | 567 | | | $ | 101 | | | $ | 992 | | | $ | 397 | | | $ | 899 | | | | 3,380 | |
Charge-offs | | - | | | | - | | | | (123 | ) | | | - | | | | (3 | ) | | | (16 | ) | | | (317 | ) | | | (459 | ) |
Recoveries | | 1 | | | | - | | | | 4 | | | | - | | | | 1 | | | | 17 | | | | 58 | | | | 81 | |
Provision | | 105 | | | | 14 | | | | 461 | | | | 36 | | | | 581 | | | | (8 | ) | | | 439 | | | | 1,628 | |
Ending balance | $ | 526 | | | $ | 18 | | | $ | 909 | | | $ | 137 | | | $ | 1,571 | | | $ | 390 | | | $ | 1,079 | | | $ | 4,630 | |
Ending allowance balance for loans | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | | | 70 | | | | 70 | |
individually evaluated for |
impairment |
Ending allowance balance for loans | $ | 526 | | | $ | 18 | | | $ | 909 | | | $ | 137 | | | $ | 1,571 | | | $ | 390 | | | $ | 1,009 | | | $ | 4,560 | |
collectively evaluated for |
impairment |
Ending allowance balance for loans | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | |
acquired with deteriorated credit |
quality |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Loans receivable: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Balance of loans individually | $ | 1,989 | | | $ | - | | | $ | 1,621 | | | $ | 1,055 | | | $ | 866 | | | $ | 180 | | | $ | 467 | | | $ | 6,178 | |
evaluated for impairment |
Balance of loans collectively | | 69,361 | | | | 2,919 | | | | 135,898 | | | | 16,403 | | | | 224,192 | | | | 54,007 | | | | 113,832 | | | | 616,612 | |
evaluated for impairment |
Total period-end balance | $ | 71,350 | | | $ | 2,919 | | | $ | 137,519 | | | $ | 17,458 | | | $ | 225,058 | | | $ | 54,187 | | | $ | 114,299 | | | $ | 622,790 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Balance of loans acquired with | $ | 820 | | | $ | - | | | $ | 858 | | | $ | 1,054 | | | $ | - | | | $ | - | | | $ | 46 | | | $ | 2,778 | |
deteriorated credit quality |
|
Impaired Loans |
The Company considers a loan to be impaired when, based on current information and events, the Company determines that it will not be able to collect all amounts due according to the loan agreement, including scheduled interest payments. Determination of impairment is treated the same across all classes of loans. When the Company identifies a loan as impaired, it measures the impairment based on the present value of expected future cash flows, discounted at the loan’s effective interest rate, except when the sole (remaining) source of repayment for the loans is the operation or liquidation of the collateral. In these cases when foreclosure is probable, the Company uses the current fair value of the collateral, less selling costs, instead of discounted cash flows. If the Company determines that the value of the impaired loan is less than the recorded investment in the loan (net of previous charge-offs, deferred loan fees or costs and unamortized premium or discount), the Company recognizes impairment through an allowance estimate or a charge-off to the allowance. |
When the ultimate collectability of the total principal of an impaired loan is in doubt and the loan is on nonaccrual, all payments are applied to principal, under the cost recovery method. When the ultimate collectability of the total principal of an impaired loan is not in doubt and the loan is on nonaccrual, contractual interest is credited to interest income when received, under the cash basis method. |
The following tables include the recorded investment and unpaid principal balances for impaired loans with the associated allowance amount, if applicable, as of the dates indicated. The Company determined the specific allowance based on the present values of expected future cash flows, discounted at the loan’s effective interest rate, except when the remaining source of repayment for the loan is the operation or liquidation of the collateral. In those cases, the current fair value of the collateral, less selling cost, was used to determine the specific allowance recorded (dollars in thousands). |
|
| 31-Mar-15 | | | | | | | | | | | | | | | | | | | | | |
| | | | | Unpaid | | | | | | | | | | | | | | | | | | | | | | | | | |
| Recorded | | | Principal | | | Related | | | | | | | | | | | | | | | | | | | | | |
| Investment | | | Balance | | | Allowance | | | | | | | | | | | | | | | | | | | | | |
With no related allowance recorded: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Construction and development | $ | 1,594 | | | $ | 1,593 | | | $ | - | | | | | | | | | | | | | | | | | | | | | |
1-4 Family residential | | 1,307 | | | | 1,302 | | | | - | | | | | | | | | | | | | | | | | | | | | |
Multifamily | | - | | | | - | | | | - | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | 746 | | | | 746 | | | | - | | | | | | | | | | | | | | | | | | | | | |
Total mortgage loans on real estate | | 3,647 | | | | 3,641 | | | | - | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | 120 | | | | 120 | | | | - | | | | | | | | | | | | | | | | | | | | | |
Consumer | | 82 | | | | 82 | | | | - | | | | | | | | | | | | | | | | | | | | | |
Total | | 3,849 | | | | 3,843 | | | | - | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
With related allowance recorded: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Consumer | | 311 | | | | 311 | | | | 104 | | | | | | | | | | | | | | | | | | | | | |
Total | | 311 | | | | 311 | | | | 104 | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Construction and development | | 1,594 | | | | 1,593 | | | | - | | | | | | | | | | | | | | | | | | | | | |
1-4 Family residential | | 1,307 | | | | 1,302 | | | | - | | | | | | | | | | | | | | | | | | | | | |
Multifamily | | - | | | | - | | | | - | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | 746 | | | | 746 | | | | - | | | | | | | | | | | | | | | | | | | | | |
Total mortgage loans on real estate | | 3,647 | | | | 3,641 | | | | - | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | 120 | | | | 120 | | | | - | | | | | | | | | | | | | | | | | | | | | |
Consumer | | 393 | | | | 393 | | | | 104 | | | | | | | | | | | | | | | | | | | | | |
Total | $ | 4,160 | | | $ | 4,154 | | | $ | 104 | | | | | | | | | | | | | | | | | | | | | |
|
| 31-Dec-14 | | | | | | | | | | | | | | | | | | | | | |
| | | | | Unpaid | | | | | | | | | | | | | | | | | | | | | | | | | |
| Recorded | | | Principal | | | Related | | | | | | | | | | | | | | | | | | | | | |
| Investment | | | Balance | | | Allowance | | | | | | | | | | | | | | | | | | | | | |
With no related allowance recorded: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Construction and development | $ | 1,543 | | | $ | 1,543 | | | $ | - | | | | | | | | | | | | | | | | | | | | | |
1-4 Family residential | | 837 | | | | 837 | | | | - | | | | | | | | | | | | | | | | | | | | | |
Multifamily | | - | | | | - | | | | - | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | 749 | | | | 749 | | | | - | | | | | | | | | | | | | | | | | | | | | |
Total mortgage loans on real estate | | 3,129 | | | | 3,129 | | | | - | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | 179 | | | | 179 | | | | - | | | | | | | | | | | | | | | | | | | | | |
Consumer | | 79 | | | | 79 | | | | - | | | | | | | | | | | | | | | | | | | | | |
Total | | 3,387 | | | | 3,387 | | | | - | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
With related allowance recorded: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Consumer | | 180 | | | | 180 | | | | 70 | | | | | | | | | | | | | | | | | | | | | |
Total | | 180 | | | | 180 | | | | 70 | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Construction and development | | 1,543 | | | | 1,543 | | | | - | | | | | | | | | | | | | | | | | | | | | |
1-4 Family residential | | 837 | | | | 837 | | | | - | | | | | | | | | | | | | | | | | | | | | |
Multifamily | | - | | | | - | | | | - | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | 749 | | | | 749 | | | | - | | | | | | | | | | | | | | | | | | | | | |
Total mortgage loans on real estate | | 3,129 | | | | 3,129 | | | | - | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | 179 | | | | 179 | | | | - | | | | | | | | | | | | | | | | | | | | | |
Consumer | | 260 | | | | 259 | | | | 70 | | | | | | | | | | | | | | | | | | | | | |
Total | $ | 3,568 | | | $ | 3,567 | | | $ | 70 | | | | | | | | | | | | | | | | | | | | | |
|
Presented in the tables below is the average recorded investment of the impaired loans and the related amount of interest recognized during the time within the period that the impaired loans were impaired. The average balances are calculated based on the month-end balances of the loans during the period reported (dollars in thousands). |
|
| For the three months ended March 31, 2015 | | | | | | | | | | | | | | | | | | | | | | | | | |
| Average | | | Interest | | | | | | | | | | | | | | | | | | | | | | | | | |
| Recorded | | | Income | | | | | | | | | | | | | | | | | | | | | | | | | |
| Investment | | | Recognized | | | | | | | | | | | | | | | | | | | | | | | | | |
With no related allowance recorded: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Construction and development | $ | 1,902 | | | $ | 4 | | | | | | | | | | | | | | | | | | | | | | | | | |
1-4 Family residential | | 1,292 | | | | 14 | | | | | | | | | | | | | | | | | | | | | | | | | |
Multifamily | | - | | | | - | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | 765 | | | | - | | | | | | | | | | | | | | | | | | | | | | | | | |
Total mortgage loans on real estate | | 3,959 | | | | 18 | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | 194 | | | | 1 | | | | | | | | | | | | | | | | | | | | | | | | | |
Consumer | | 135 | | | | 1 | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | 4,288 | | | | 20 | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
With related allowance recorded: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Consumer | | 243 | | | | - | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | 243 | | | | - | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Construction and development | | 1,902 | | | | 4 | | | | | | | | | | | | | | | | | | | | | | | | | |
1-4 Family residential | | 1,292 | | | | 14 | | | | | | | | | | | | | | | | | | | | | | | | | |
Multifamily | | - | | | | - | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | 765 | | | | - | | | | | | | | | | | | | | | | | | | | | | | | | |
Total mortgage loans on real estate | | 3,959 | | | | 18 | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | 194 | | | | 1 | | | | | | | | | | | | | | | | | | | | | | | | | |
Consumer | | 378 | | | | 1 | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | $ | 4,531 | | | $ | 20 | | | | | | | | | | | | | | | | | | | | | | | | | |
|
| For the three months ended March 31, 2014 | | | | | | | | | | | | | | | | | | | | | | | | | |
| Average | | | Interest | | | | | | | | | | | | | | | | | | | | | | | | | |
| Recorded | | | Income | | | | | | | | | | | | | | | | | | | | | | | | | |
| Investment | | | Recognized | | | | | | | | | | | | | | | | | | | | | | | | | |
With no related allowance recorded: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Construction and development | $ | 1,471 | | | $ | 8 | | | | | | | | | | | | | | | | | | | | | | | | | |
1-4 Family residential | | 1,463 | | | | 18 | | | | | | | | | | | | | | | | | | | | | | | | | |
Multifamily | | 994 | | | | 18 | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | 251 | | | | 4 | | | | | | | | | | | | | | | | | | | | | | | | | |
Total mortgage loans on real estate | | 4,179 | | | | 48 | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | 172 | | | | - | | | | | | | | | | | | | | | | | | | | | | | | | |
Consumer | | 37 | | | | - | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | 4,388 | | | | 48 | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
With related allowance recorded: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Consumer | | 180 | | | | - | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | 180 | | | | - | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Construction and development | | 1,471 | | | | 8 | | | | | | | | | | | | | | | | | | | | | | | | | |
1-4 Family residential | | 1,463 | | | | 18 | | | | | | | | | | | | | | | | | | | | | | | | | |
Multifamily | | 994 | | | | 18 | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial real estate | | 251 | | | | 4 | | | | | | | | | | | | | | | | | | | | | | | | | |
Total mortgage loans on real estate | | 4,179 | | | | 48 | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | 172 | | | | - | | | | | | | | | | | | | | | | | | | | | | | | | |
Consumer | | 217 | | | | - | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | $ | 4,568 | | | $ | 48 | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Troubled Debt Restructurings |
In situations where, for economic or legal reasons related to a borrower’s financial difficulties, the Company grants a concession for other than an insignificant period of time to the borrower that the Company would not otherwise consider, the related loan is classified as a troubled debt restructuring (“TDR”). The Company strives to identify borrowers in financial difficulty early and work with them to modify their loans to more affordable terms before such loans reach nonaccrual status. These modified terms may include rate reductions, principal forgiveness, payment forbearance and other actions intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral. In cases where the Company grants the borrower new terms that provide for a reduction of either interest or principal, the Company measures any impairment on the restructuring as previously noted for impaired loans. |
Loans classified as TDRs, consisting of ten credits, totaled approximately $1.5 million at March 31, 2015 compared to seven credits totaling approximately $0.6 million at December 31, 2014. Nine of the ten TDRs were acquired from FCB. Nine of the ten credits were considered TDRs due to modification of terms through adjustments to maturity and one was considered a TDR due to modification of terms through principal payment forbearance, paying interest only for a specified period of time. Nine of the ten credits are currently performing in accordance with their modified terms. The remaining TDR was in default of its modified terms as of the date these financial statements were issued. The Company individually evaluates each TDR for allowance purposes, primarily based on collateral value, and excludes these loans from the loan population that is evaluated by applying qualitative factors. |
|
The following table presents the TDR pre- and post-modification outstanding recorded investments by loan categories as of the dates presented (dollars in thousands): |
|
| | 31-Mar-15 | | | 31-Mar-14 | | | | | | | | | | | | |
| | | | Pre- | | | Post- | | | | | Pre- | | | Post- | | | | | | | | | | | | |
| | | | Modification | | | Modification | | | | | Modification | | | Modification | | | | | | | | | | | | |
| | | | Outstanding | | | Outstanding | | | | | Outstanding | | | Outstanding | | | | | | | | | | | | |
| | Number of | | Recorded | | | Recorded | | | Number of | | Recorded | | | Recorded | | | | | | | | | | | | |
Troubled debt restructurings | | Contracts | | Investment | | | Investment | | | Contracts | | Investment | | | Investment | | | | | | | | | | | | |
Construction and land development | | 5 | | $ | 207 | | | $ | 207 | | | 2 | | $ | 457 | | | $ | 457 | | | | | | | | | | | | |
1-4 Family | | 3 | | | 1,257 | | | | 1,257 | | | 1 | | | 358 | | | | 358 | | | | | | | | | | | | |
Commercial and industrial | | 1 | | | 1 | | | | 1 | | | 1 | | | 3 | | | | 3 | | | | | | | | | | | | |
Consumer | | 1 | | | 44 | | | | 44 | | | - | | | - | | | | - | | | | | | | | | | | | |
Total | | | | $ | 1,509 | | | $ | 1,509 | | | | | $ | 818 | | | $ | 818 | | | | | | | | | | | | |
|
The following is a summary of accruing and nonaccrual TDRs and the related loan losses by portfolio type as of the dates presented (dollars in thousands): |
|
| TDRs | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | Related | | | | | | | | | | | | | | | | | |
| Accruing | | | Nonaccrual | | | Total | | | Allowance | | | | | | | | | | | | | | | | | |
31-Mar-15 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Construction and land development | $ | 207 | | | $ | - | | | $ | 207 | | | $ | - | | | | | | | | | | | | | | | | | |
1-4 Family | | 893 | | | | 364 | | | | 1,257 | | | | - | | | | | | | | | | | | | | | | | |
Commercial and industrial | | 1 | | | | - | | | | 1 | | | | - | | | | | | | | | | | | | | | | | |
Consumer | | 44 | | | | - | | | | 44 | | | | - | | | | | | | | | | | | | | | | | |
Total | $ | 1,145 | | | $ | 364 | | | $ | 1,509 | | | $ | - | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
31-Mar-14 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Construction and land development | $ | 457 | | | $ | - | | | $ | 457 | | | $ | - | | | | | | | | | | | | | | | | | |
1-4 Family | | 358 | | | | - | | | | 358 | | | | - | | | | | | | | | | | | | | | | | |
Commercial and industrial | | 3 | | | | - | | | | 3 | | | | - | | | | | | | | | | | | | | | | | |
Total | $ | 818 | | | $ | - | | | $ | 818 | | | $ | - | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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The following table includes the average recorded investment and interest income recognized for TDRs for the three months ended March 31, 2015 and 2014 (dollars in thousands): |
|
| TDRs | | | | | | | | | | | | | | | | | | | | | | | | | |
| Average Recorded Investment | | | Interest Income Recognized | | | | | | | | | | | | | | | | | | | | | | | | | |
31-Mar-15 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Construction and development | $ | 209 | | | $ | 4 | | | | | | | | | | | | | | | | | | | | | | | | | |
1-4 Family | | 1,257 | | | | 11 | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | 1 | | | | - | | | | | | | | | | | | | | | | | | | | | | | | | |
Consumer | | 44 | | | | 1 | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | $ | 1,511 | | | $ | 16 | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
31-Mar-14 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Construction and development | $ | 459 | | | $ | 7 | | | | | | | | | | | | | | | | | | | | | | | | | |
1-4 Family | | 359 | | | | 8 | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial and industrial | | 3 | | | | - | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | $ | 821 | | | $ | 15 | | | | | | | | | | | | | | | | | | | | | | | | | |
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