Loans and Allowance for Loan Losses (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
|---|
| Receivables [Abstract] |
|
| Summary of Loans |
Loans are summarized as follows:
|
(in thousands) |
|
2016 |
|
|
2015 |
|
|
Loans held for investment: |
|
|
|
|
|
|
|
|
|
Commercial real estate loans: |
|
|
|
|
|
|
|
|
|
Real estate term |
|
$ |
582,029 |
|
|
$ |
577,804 |
|
|
Construction and land development |
|
|
240,120 |
|
|
|
179,664 |
|
|
Total commercial real estate loans |
|
|
822,149 |
|
|
|
757,468 |
|
|
Commercial and industrial loans |
|
|
213,260 |
|
|
|
208,277 |
|
|
Consumer loans: |
|
|
|
|
|
|
|
|
|
Residential and home equity |
|
|
72,959 |
|
|
|
71,169 |
|
|
Consumer and other |
|
|
15,678 |
|
|
|
14,945 |
|
|
Total consumer loans |
|
|
88,637 |
|
|
|
86,114 |
|
|
Gross loans held for investment |
|
|
1,124,046 |
|
|
|
1,051,859 |
|
|
Less: |
|
|
|
|
|
|
|
|
|
Net deferred loan fees |
|
|
(4,169 |
) |
|
|
(3,884 |
) |
|
Loans held for investment |
|
|
1,119,877 |
|
|
|
1,047,975 |
|
|
Less: allowance for loan losses |
|
|
(16,715 |
) |
|
|
(15,557 |
) |
|
Loans held for investment, net |
|
$ |
1,103,162 |
|
|
$ |
1,032,418 |
|
|
| Summary of Changes in Allowance for Loan Losses |
Changes in the allowance for loan losses are as follows:
|
|
|
Year Ended December 31, 2016 |
|
|
|
|
Real |
|
|
Construction |
|
|
Commercial |
|
|
Residential |
|
|
Consumer |
|
|
|
|
|
|
|
|
Estate |
|
|
and Land |
|
|
and |
|
|
and Home |
|
|
and |
|
|
|
|
|
|
(in thousands) |
|
Term |
|
|
Development |
|
|
Industrial |
|
|
Equity |
|
|
Other |
|
|
Total |
|
|
Balance at beginning of year |
|
$ |
6,783 |
|
|
$ |
3,984 |
|
|
$ |
3,941 |
|
|
$ |
603 |
|
|
$ |
246 |
|
|
$ |
15,557 |
|
|
Additions: Provisions for loan losses |
|
|
(617 |
) |
|
|
813 |
|
|
|
847 |
|
|
|
(72 |
) |
|
|
(71 |
) |
|
|
900 |
|
|
Deductions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross loan charge-offs |
|
|
(17 |
) |
|
|
- |
|
|
|
(1,511 |
) |
|
|
(6 |
) |
|
|
(240 |
) |
|
|
(1,774 |
) |
|
Recoveries |
|
|
621 |
|
|
|
652 |
|
|
|
441 |
|
|
|
92 |
|
|
|
226 |
|
|
|
2,032 |
|
|
Net loan charge-offs |
|
|
604 |
|
|
|
652 |
|
|
|
(1,070 |
) |
|
|
86 |
|
|
|
(14 |
) |
|
|
258 |
|
|
Balance at end of year |
|
$ |
6,770 |
|
|
$ |
5,449 |
|
|
$ |
3,718 |
|
|
$ |
617 |
|
|
$ |
161 |
|
|
$ |
16,715 |
|
|
|
|
Year Ended December 31, 2015 |
|
|
|
|
Real |
|
|
Construction |
|
|
Commercial |
|
|
Residential |
|
|
Consumer |
|
|
|
|
|
|
|
|
Estate |
|
|
and Land |
|
|
and |
|
|
and Home |
|
|
and |
|
|
|
|
|
|
(in thousands) |
|
Term |
|
|
Development |
|
|
Industrial |
|
|
Equity |
|
|
Other |
|
|
Total |
|
|
Balance at beginning of year |
|
$ |
5,181 |
|
|
$ |
4,425 |
|
|
$ |
4,608 |
|
|
$ |
671 |
|
|
$ |
266 |
|
|
$ |
15,151 |
|
|
Additions: Provisions for loan losses |
|
|
1,554 |
|
|
|
(91 |
) |
|
|
(508 |
) |
|
|
(135 |
) |
|
|
180 |
|
|
|
1,000 |
|
|
Deductions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross loan charge-offs |
|
|
(32 |
) |
|
|
(396 |
) |
|
|
(350 |
) |
|
|
- |
|
|
|
(281 |
) |
|
|
(1,059 |
) |
|
Recoveries |
|
|
80 |
|
|
|
46 |
|
|
|
191 |
|
|
|
67 |
|
|
|
81 |
|
|
|
465 |
|
|
Net loan charge-offs |
|
|
48 |
|
|
|
(350 |
) |
|
|
(159 |
) |
|
|
67 |
|
|
|
(200 |
) |
|
|
(594 |
) |
|
Balance at end of year |
|
$ |
6,783 |
|
|
$ |
3,984 |
|
|
$ |
3,941 |
|
|
$ |
603 |
|
|
$ |
246 |
|
|
$ |
15,557 |
|
|
|
|
Year Ended December 31, 2014 |
|
|
|
|
Real |
|
|
Construction |
|
|
Commercial |
|
|
Residential |
|
|
Consumer |
|
|
|
|
|
|
|
|
Estate |
|
|
and Land |
|
|
and |
|
|
and Home |
|
|
and |
|
|
|
|
|
|
(in thousands) |
|
Term |
|
|
Development |
|
|
Industrial |
|
|
Equity |
|
|
Other |
|
|
Total |
|
|
Balance at beginning of year |
|
$ |
7,268 |
|
|
$ |
2,915 |
|
|
$ |
3,105 |
|
|
$ |
838 |
|
|
$ |
264 |
|
|
$ |
14,390 |
|
|
Additions: Provisions for loan losses |
|
|
(1,880 |
) |
|
|
1,171 |
|
|
|
2,361 |
|
|
|
(188 |
) |
|
|
236 |
|
|
|
1,700 |
|
|
Deductions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross loan charge-offs |
|
|
(705 |
) |
|
|
(26 |
) |
|
|
(949 |
) |
|
|
(16 |
) |
|
|
(356 |
) |
|
|
(2,052 |
) |
|
Recoveries |
|
|
498 |
|
|
|
365 |
|
|
|
91 |
|
|
|
37 |
|
|
|
122 |
|
|
|
1,113 |
|
|
Net loan charge-offs |
|
|
(207 |
) |
|
|
339 |
|
|
|
(858 |
) |
|
|
21 |
|
|
|
(234 |
) |
|
|
(939 |
) |
|
Balance at end of year |
|
$ |
5,181 |
|
|
$ |
4,425 |
|
|
$ |
4,608 |
|
|
$ |
671 |
|
|
$ |
266 |
|
|
$ |
15,151 |
|
|
| Summary of Nonaccrual Loans |
Non-accrual loans are summarized as follows:
|
(in thousands) |
|
2016 |
|
|
2015 |
|
|
Non-accrual loans, not troubled debt restructured: |
|
|
|
|
|
|
|
|
|
Real estate term |
|
$ |
2,386 |
|
|
$ |
2,961 |
|
|
Construction and land development |
|
|
378 |
|
|
|
56 |
|
|
Commercial and industrial |
|
|
1,211 |
|
|
|
1,176 |
|
|
Residential and home equity |
|
|
142 |
|
|
|
631 |
|
|
Consumer and other |
|
|
14 |
|
|
|
88 |
|
|
Total non-accrual loans, not troubled debt restructured |
|
|
4,131 |
|
|
|
4,912 |
|
|
Troubled debt restructured loans, non-accrual: |
|
|
|
|
|
|
|
|
|
Real estate term |
|
|
808 |
|
|
|
1,153 |
|
|
Construction and land development |
|
|
396 |
|
|
|
1,329 |
|
|
Commercial and industrial |
|
|
- |
|
|
|
21 |
|
|
Residential and home equity |
|
|
- |
|
|
|
- |
|
|
Consumer and other |
|
|
- |
|
|
|
- |
|
|
Total troubled debt restructured loans, non-accrual |
|
|
1,204 |
|
|
|
2,503 |
|
|
Total non-accrual loans |
|
$ |
5,335 |
|
|
$ |
7,415 |
|
|
| Summary of Troubled Debt Restructured Loans |
Troubled debt restructured loans are summarized as follows:
|
(in thousands) |
|
2016 |
|
|
2015 |
|
|
Accruing troubled debt restructured loans |
|
$ |
5,572 |
|
|
$ |
7,049 |
|
|
Non-accrual troubled debt restructured loans |
|
|
1,204 |
|
|
|
2,503 |
|
|
Total troubled debt restructured loans |
|
$ |
6,776 |
|
|
$ |
9,552 |
|
|
| Summary of Current and Past Due Loans Held For Investment (Accruing And Non-Accruing) |
Current and past due loans held for investment (accruing and non-accruing) are summarized as follows:
|
|
|
December 31, 2016 |
|
|
|
|
|
|
|
|
30-89 Days |
|
|
90+ Days |
|
|
Non- |
|
|
Total |
|
|
Total |
|
|
(in thousands) |
|
Current |
|
|
Past Due |
|
|
Past Due |
|
|
accrual |
|
|
Past Due |
|
|
Loans |
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate term |
|
$ |
577,134 |
|
|
$ |
1,701 |
|
|
$ |
- |
|
|
$ |
3,194 |
|
|
$ |
4,895 |
|
|
$ |
582,029 |
|
|
Construction and land development |
|
|
237,433 |
|
|
|
1,913 |
|
|
|
- |
|
|
|
774 |
|
|
|
2,687 |
|
|
|
240,120 |
|
|
Total commercial real estate |
|
|
814,567 |
|
|
|
3,614 |
|
|
|
- |
|
|
|
3,968 |
|
|
|
7,582 |
|
|
|
822,149 |
|
|
Commercial and industrial |
|
|
211,143 |
|
|
|
906 |
|
|
|
- |
|
|
|
1,211 |
|
|
|
2,117 |
|
|
|
213,260 |
|
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential and home equity |
|
|
71,719 |
|
|
|
1,098 |
|
|
|
- |
|
|
|
142 |
|
|
|
1,240 |
|
|
|
72,959 |
|
|
Consumer and other |
|
|
15,168 |
|
|
|
474 |
|
|
|
22 |
|
|
|
14 |
|
|
|
510 |
|
|
|
15,678 |
|
|
Total consumer |
|
|
86,887 |
|
|
|
1,572 |
|
|
|
22 |
|
|
|
156 |
|
|
|
1,750 |
|
|
|
88,637 |
|
|
Total gross loans |
|
$ |
1,112,597 |
|
|
$ |
6,092 |
|
|
$ |
22 |
|
|
$ |
5,335 |
|
|
$ |
11,449 |
|
|
$ |
1,124,046 |
|
Note 3 — Loans and Allowance for Loan Losses – Continued
|
|
|
December 31, 2015 |
|
|
|
|
|
|
|
|
30-89 Days |
|
|
90+ Days |
|
|
Non- |
|
|
Total |
|
|
Total |
|
|
(in thousands) |
|
Current |
|
|
Past Due |
|
|
Past Due |
|
|
accrual |
|
|
Past Due |
|
|
Loans |
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate term |
|
$ |
567,886 |
|
|
$ |
5,804 |
|
|
$ |
- |
|
|
$ |
4,114 |
|
|
$ |
9,918 |
|
|
$ |
577,804 |
|
|
Construction and land development |
|
|
170,495 |
|
|
|
7,784 |
|
|
|
- |
|
|
|
1,385 |
|
|
|
9,169 |
|
|
|
179,664 |
|
|
Total commercial real estate |
|
|
738,381 |
|
|
|
13,588 |
|
|
|
- |
|
|
|
5,499 |
|
|
|
19,087 |
|
|
|
757,468 |
|
|
Commercial and industrial |
|
|
205,765 |
|
|
|
1,315 |
|
|
|
- |
|
|
|
1,197 |
|
|
|
2,512 |
|
|
|
208,277 |
|
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential and home equity |
|
|
69,950 |
|
|
|
588 |
|
|
|
- |
|
|
|
631 |
|
|
|
1,219 |
|
|
|
71,169 |
|
|
Consumer and other |
|
|
14,596 |
|
|
|
258 |
|
|
|
3 |
|
|
|
88 |
|
|
|
349 |
|
|
|
14,945 |
|
|
Total consumer |
|
|
84,546 |
|
|
|
846 |
|
|
|
3 |
|
|
|
719 |
|
|
|
1,568 |
|
|
|
86,114 |
|
|
Total gross loans |
|
$ |
1,028,692 |
|
|
$ |
15,749 |
|
|
$ |
3 |
|
|
$ |
7,415 |
|
|
$ |
23,167 |
|
|
$ |
1,051,859 |
|
|
| Summary of Outstanding Loan Balances (Accruing and Non - Accruing) Categorized by Credit Quality Indicators |
Note 3 — Loans and Allowance for Loan Losses – Continued
Outstanding loan balances (accruing and non-accruing) categorized by these credit quality indicators are summarized as follows:
|
|
|
December 31, 2016 |
|
|
|
|
|
|
|
|
Special |
|
|
Substandard |
|
|
Total |
|
|
Total |
|
|
(in thousands) |
|
Pass |
|
|
Mention |
|
|
and Doubtful |
|
|
Loans |
|
|
Allowance |
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate term |
|
$ |
565,550 |
|
|
$ |
10,609 |
|
|
$ |
5,870 |
|
|
$ |
582,029 |
|
|
$ |
6,770 |
|
|
Construction and land development |
|
|
234,359 |
|
|
|
2,222 |
|
|
|
3,539 |
|
|
|
240,120 |
|
|
|
5,449 |
|
|
Total commercial real estate |
|
|
799,909 |
|
|
|
12,831 |
|
|
|
9,409 |
|
|
|
822,149 |
|
|
|
12,219 |
|
|
Commercial and industrial |
|
|
205,933 |
|
|
|
2,266 |
|
|
|
5,061 |
|
|
|
213,260 |
|
|
|
3,718 |
|
|
Consumer loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential and home equity |
|
|
69,287 |
|
|
|
1,869 |
|
|
|
1,803 |
|
|
|
72,959 |
|
|
|
617 |
|
|
Consumer and other |
|
|
15,542 |
|
|
|
- |
|
|
|
136 |
|
|
|
15,678 |
|
|
|
161 |
|
|
Total consumer |
|
|
84,829 |
|
|
|
1,869 |
|
|
|
1,939 |
|
|
|
88,637 |
|
|
|
778 |
|
|
Total |
|
$ |
1,090,671 |
|
|
$ |
16,966 |
|
|
$ |
16,409 |
|
|
$ |
1,124,046 |
|
|
$ |
16,715 |
|
|
|
|
December 31, 2015 |
|
|
|
|
|
|
|
|
Special |
|
|
Substandard |
|
|
Total |
|
|
Total |
|
|
(in thousands) |
|
Pass |
|
|
Mention |
|
|
and Doubtful |
|
|
Loans |
|
|
Allowance |
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate term |
|
$ |
551,001 |
|
|
$ |
16,326 |
|
|
$ |
10,477 |
|
|
$ |
577,804 |
|
|
$ |
6,783 |
|
|
Construction and land development |
|
|
172,368 |
|
|
|
2,934 |
|
|
|
4,362 |
|
|
|
179,664 |
|
|
|
3,984 |
|
|
Total commercial real estate |
|
|
723,369 |
|
|
|
19,260 |
|
|
|
14,839 |
|
|
|
757,468 |
|
|
|
10,767 |
|
|
Commercial and industrial |
|
|
195,611 |
|
|
|
5,626 |
|
|
|
7,040 |
|
|
|
208,277 |
|
|
|
3,941 |
|
|
Consumer loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential and home equity |
|
|
67,088 |
|
|
|
1,666 |
|
|
|
2,415 |
|
|
|
71,169 |
|
|
|
603 |
|
|
Consumer and other |
|
|
14,816 |
|
|
|
36 |
|
|
|
93 |
|
|
|
14,945 |
|
|
|
246 |
|
|
Total consumer |
|
|
81,904 |
|
|
|
1,702 |
|
|
|
2,508 |
|
|
|
86,114 |
|
|
|
849 |
|
|
Total |
|
$ |
1,000,884 |
|
|
$ |
26,588 |
|
|
$ |
24,387 |
|
|
$ |
1,051,859 |
|
|
$ |
15,557 |
|
|
| Summary of Information on Impaired Loans |
Note 3 — Loans and Allowance for Loan Losses – Continued
The ALLL and outstanding loan balances reviewed according to the Company’s impairment method are summarized as follows:
|
|
|
December 31, 2016 |
|
|
|
|
Real |
|
|
Construction |
|
|
Commercial |
|
|
Residential |
|
|
Consumer |
|
|
|
|
|
|
|
|
Estate |
|
|
and Land |
|
|
and |
|
|
and Home |
|
|
and |
|
|
|
|
|
|
(in thousands) |
|
Term |
|
|
Development |
|
|
Industrial |
|
|
Equity |
|
|
Other |
|
|
Total |
|
|
Allowance for loan losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment |
|
$ |
189 |
|
|
$ |
67 |
|
|
$ |
323 |
|
|
$ |
75 |
|
|
$ |
- |
|
|
$ |
654 |
|
|
Collectively evaluated for impairment |
|
|
6,581 |
|
|
|
5,382 |
|
|
|
3,395 |
|
|
|
542 |
|
|
|
161 |
|
|
|
16,061 |
|
|
Total |
|
$ |
6,770 |
|
|
$ |
5,449 |
|
|
$ |
3,718 |
|
|
$ |
617 |
|
|
$ |
161 |
|
|
$ |
16,715 |
|
|
Outstanding loan balances: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment |
|
$ |
5,778 |
|
|
$ |
2,995 |
|
|
$ |
6,045 |
|
|
$ |
1,476 |
|
|
$ |
- |
|
|
$ |
16,294 |
|
|
Collectively evaluated for impairment |
|
|
576,251 |
|
|
|
237,125 |
|
|
|
207,215 |
|
|
|
71,483 |
|
|
|
15,678 |
|
|
|
1,107,752 |
|
|
Total gross loans |
|
$ |
582,029 |
|
|
$ |
240,120 |
|
|
$ |
213,260 |
|
|
$ |
72,959 |
|
|
$ |
15,678 |
|
|
$ |
1,124,046 |
|
|
|
|
December 31, 2015 |
|
|
|
|
Real |
|
|
Construction |
|
|
Commercial |
|
|
Residential |
|
|
Consumer |
|
|
|
|
|
|
|
|
Estate |
|
|
and Land |
|
|
and |
|
|
and Home |
|
|
and |
|
|
|
|
|
|
(in thousands) |
|
Term |
|
|
Development |
|
|
Industrial |
|
|
Equity |
|
|
Other |
|
|
Total |
|
|
Allowance for loan losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment |
|
$ |
283 |
|
|
$ |
67 |
|
|
$ |
1,078 |
|
|
$ |
79 |
|
|
$ |
15 |
|
|
$ |
1,522 |
|
|
Collectively evaluated for impairment |
|
|
6,500 |
|
|
|
3,917 |
|
|
|
2,863 |
|
|
|
524 |
|
|
|
231 |
|
|
|
14,035 |
|
|
Total |
|
$ |
6,783 |
|
|
$ |
3,984 |
|
|
$ |
3,941 |
|
|
$ |
603 |
|
|
$ |
246 |
|
|
$ |
15,557 |
|
|
Outstanding loan balances: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment |
|
$ |
10,225 |
|
|
$ |
4,219 |
|
|
$ |
7,009 |
|
|
$ |
2,451 |
|
|
$ |
15 |
|
|
$ |
23,919 |
|
|
Collectively evaluated for impairment |
|
|
567,579 |
|
|
|
175,445 |
|
|
|
201,268 |
|
|
|
68,718 |
|
|
|
14,930 |
|
|
|
1,027,940 |
|
|
Total gross loans |
|
$ |
577,804 |
|
|
$ |
179,664 |
|
|
$ |
208,277 |
|
|
$ |
71,169 |
|
|
$ |
14,945 |
|
|
$ |
1,051,859 |
|
Note 3 — Loans and Allowance for Loan Losses – Continued
Information on impaired loans is summarized as follows:
|
|
|
December 31, 2016 |
|
|
|
|
|
|
|
|
Recorded Investment |
|
|
|
|
|
|
|
|
|
|
|
|
Unpaid |
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
Principal |
|
|
With No |
|
|
With |
|
|
Recorded |
|
|
Related |
|
|
(in thousands) |
|
Balance |
|
|
Allowance |
|
|
Allowance |
|
|
Investment |
|
|
Allowance |
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate term |
|
$ |
5,864 |
|
|
$ |
2,979 |
|
|
$ |
2,799 |
|
|
$ |
5,778 |
|
|
$ |
189 |
|
|
Construction and land development |
|
|
3,949 |
|
|
|
2,790 |
|
|
|
205 |
|
|
|
2,995 |
|
|
|
67 |
|
|
Total commercial real estate |
|
|
9,813 |
|
|
|
5,769 |
|
|
|
3,004 |
|
|
|
8,773 |
|
|
|
256 |
|
|
Commercial and industrial |
|
|
6,937 |
|
|
|
4,458 |
|
|
|
1,587 |
|
|
|
6,045 |
|
|
|
323 |
|
|
Consumer loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential and home equity |
|
|
1,476 |
|
|
|
1,071 |
|
|
|
405 |
|
|
|
1,476 |
|
|
|
75 |
|
|
Consumer and other |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
- |
|
|
Total consumer |
|
|
1,476 |
|
|
|
1,071 |
|
|
|
405 |
|
|
|
1,476 |
|
|
|
75 |
|
|
Total |
|
$ |
18,226 |
|
|
$ |
11,298 |
|
|
$ |
4,996 |
|
|
$ |
16,294 |
|
|
$ |
654 |
|
|
|
|
December 31, 2015 |
|
|
|
|
|
|
|
|
Recorded Investment |
|
|
|
|
|
|
|
|
|
|
|
|
Unpaid |
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
Principal |
|
|
With No |
|
|
With |
|
|
Recorded |
|
|
Related |
|
|
(in thousands) |
|
Balance |
|
|
Allowance |
|
|
Allowance |
|
|
Investment |
|
|
Allowance |
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate term |
|
$ |
10,430 |
|
|
$ |
7,266 |
|
|
$ |
2,959 |
|
|
$ |
10,225 |
|
|
$ |
283 |
|
|
Construction and land development |
|
|
6,055 |
|
|
|
4,007 |
|
|
|
212 |
|
|
|
4,219 |
|
|
|
67 |
|
|
Total commercial real estate |
|
|
16,485 |
|
|
|
11,273 |
|
|
|
3,171 |
|
|
|
14,444 |
|
|
|
350 |
|
|
Commercial and industrial |
|
|
7,562 |
|
|
|
3,510 |
|
|
|
3,499 |
|
|
|
7,009 |
|
|
|
1,078 |
|
|
Consumer loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential and home equity |
|
|
2,514 |
|
|
|
2,019 |
|
|
|
432 |
|
|
|
2,451 |
|
|
|
79 |
|
|
Consumer and other |
|
|
58 |
|
|
|
15 |
|
|
|
- |
|
|
|
15 |
|
|
|
15 |
|
|
Total consumer |
|
|
2,572 |
|
|
|
2,034 |
|
|
|
432 |
|
|
|
2,466 |
|
|
|
94 |
|
|
Total |
|
$ |
26,619 |
|
|
$ |
16,817 |
|
|
$ |
7,102 |
|
|
$ |
23,919 |
|
|
$ |
1,522 |
|
Note 3 — Loans and Allowance for Loan Losses – Continued
The interest income recognized on impaired loans was as follows:
|
|
|
Year Ended December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
|
|
Average |
|
|
Interest |
|
|
Average |
|
|
Interest |
|
|
Average |
|
|
Interest |
|
|
|
|
Recorded |
|
|
Income |
|
|
Recorded |
|
|
Income |
|
|
Recorded |
|
|
Income |
|
|
(in thousands) |
|
Investment |
|
|
Recognition |
|
|
Investment |
|
|
Recognition |
|
|
Investment |
|
|
Recognition |
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate term |
|
$ |
7,435 |
|
|
$ |
240 |
|
|
$ |
10,317 |
|
|
$ |
380 |
|
|
$ |
15,010 |
|
|
$ |
501 |
|
|
Construction and land development |
|
|
2,809 |
|
|
|
168 |
|
|
|
5,015 |
|
|
|
276 |
|
|
|
8,858 |
|
|
|
353 |
|
|
Total commercial real estate |
|
|
10,244 |
|
|
|
408 |
|
|
|
15,332 |
|
|
|
656 |
|
|
|
23,868 |
|
|
|
854 |
|
|
Commercial and industrial |
|
|
6,214 |
|
|
|
311 |
|
|
|
6,318 |
|
|
|
251 |
|
|
|
7,003 |
|
|
|
253 |
|
|
Consumer loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential and home equity |
|
|
1,695 |
|
|
|
67 |
|
|
|
2,916 |
|
|
|
105 |
|
|
|
3,985 |
|
|
|
131 |
|
|
Consumer and other |
|
|
60 |
|
|
|
1 |
|
|
|
24 |
|
|
|
1 |
|
|
|
35 |
|
|
|
2 |
|
|
Total consumer |
|
|
1,755 |
|
|
|
68 |
|
|
|
2,940 |
|
|
|
106 |
|
|
|
4,020 |
|
|
|
133 |
|
|
Total |
|
$ |
18,213 |
|
|
$ |
787 |
|
|
$ |
24,590 |
|
|
$ |
1,013 |
|
|
$ |
34,891 |
|
|
$ |
1,240 |
|
|