|
Credit Quality of Loans and Allowance for Loan Losses (Tables)
|
9 Months Ended |
|
Sep. 30, 2012
|
| Credit Quality of Loans and Allowance for Loan Losses [Abstract] |
|
| The balances by loan category of the allowance for loan losses with changes arising from charge-offs, recoveries and provision expense |
The following tables summarize the balances by loan category
of the allowance for loan losses with changes arising from charge-offs, recoveries and provision expense for the nine months ending September 30, 2012 and 2011, and the three months ending September 30, 2012 and 2011. Also, provided is
allowance for loan losses information as of December 31, 2011:
Allowance for Loan Losses
As of and for the Nine Months Ended September 30, 2012
| |
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|
|
|
|
|
|
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|
|
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|
|
|
|
|
|
|
Allowance for
Credit Losses
|
|
Real Estate
Construction
and Land
Development |
|
|
Real Estate
Secured by
Farmland |
|
|
Real Estate
Secured by
Residential
Properties |
|
|
Real Estate
Secured by
Nonfarm
Nonresidential |
|
|
Consumer
Installment |
|
|
Credit
Cards and
Related
Plans |
|
|
Commercial
and
Industrial |
|
|
Loans to
Finance
Agricultural
Production |
|
|
All
Other
Loans |
|
|
General
Qualitative
&
Quantitative
Portion |
|
|
Total |
|
| |
|
(Dollars in thousands) |
|
|
Beginning balance
|
|
$ |
3,655 |
|
|
$ |
15 |
|
|
$ |
2,418 |
|
|
$ |
1,740 |
|
|
$ |
46 |
|
|
$ |
18 |
|
|
$ |
555 |
|
|
$ |
115 |
|
|
$ |
26 |
|
|
$ |
3,504 |
|
|
$ |
12,092 |
|
|
Charge-offs
|
|
|
(1,823 |
) |
|
|
— |
|
|
|
(434 |
) |
|
|
(1,095 |
) |
|
|
(47 |
) |
|
|
(21 |
) |
|
|
(464 |
) |
|
|
— |
|
|
|
(138 |
) |
|
|
— |
|
|
|
(4,022 |
) |
|
Recoveries
|
|
|
345 |
|
|
|
— |
|
|
|
57 |
|
|
|
3 |
|
|
|
13 |
|
|
|
4 |
|
|
|
13 |
|
|
|
— |
|
|
|
97 |
|
|
|
— |
|
|
|
532 |
|
|
Provisions
|
|
|
1,335 |
|
|
|
(2 |
) |
|
|
172 |
|
|
|
954 |
|
|
|
141 |
|
|
|
63 |
|
|
|
578 |
|
|
|
(25 |
) |
|
|
59 |
|
|
|
(492 |
) |
|
|
2,783 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance
|
|
$ |
3,512 |
|
|
$ |
13 |
|
|
$ |
2,213 |
|
|
$ |
1,602 |
|
|
$ |
153 |
|
|
$ |
64 |
|
|
$ |
682 |
|
|
$ |
90 |
|
|
$ |
44 |
|
|
$ |
3,012 |
|
|
$ |
11,385 |
|
| |
|
|
|
|
|
|
|
|
|
|
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|
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|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance: individually evaluated for impairment
|
|
$ |
694 |
|
|
$ |
— |
|
|
$ |
524 |
|
|
$ |
451 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,670 |
|
| |
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
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|
|
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|
|
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|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance: collectively evaluated for impairment
|
|
$ |
2,818 |
|
|
$ |
13 |
|
|
$ |
1,689 |
|
|
$ |
1,151 |
|
|
$ |
153 |
|
|
$ |
64 |
|
|
$ |
681 |
|
|
$ |
90 |
|
|
$ |
44 |
|
|
$ |
3,012 |
|
|
$ |
9,715 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance
|
|
$ |
65,707 |
|
|
$ |
28,030 |
|
|
$ |
106,456 |
|
|
$ |
204,963 |
|
|
$ |
6,077 |
|
|
$ |
1,555 |
|
|
$ |
60,905 |
|
|
$ |
33,194 |
|
|
$ |
10,047 |
|
|
$ |
— |
|
|
$ |
516,934 |
|
| |
|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance: individually evaluated for impairment
|
|
$ |
8,164 |
|
|
$ |
358 |
|
|
$ |
7,895 |
|
|
$ |
16,088 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
204 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
32,709 |
|
| |
|
|
|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance: collectively evaluated for impairment
|
|
$ |
57,543 |
|
|
$ |
27,672 |
|
|
$ |
98,561 |
|
|
$ |
188,875 |
|
|
$ |
6,077 |
|
|
$ |
1,555 |
|
|
$ |
60,701 |
|
|
$ |
33,194 |
|
|
$ |
10,047 |
|
|
$ |
— |
|
|
$ |
484,225 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Loan Losses
As of and for the Three Months Ended September 30, 2012
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for
Credit Losses |
|
Real Estate
Construction
and Land
Development |
|
|
Real Estate
Secured by
Farmland |
|
|
Real Estate
Secured by
Residential
Properties |
|
|
Real Estate
Secured by
Nonfarm
Nonresidential |
|
|
Consumer
Installment |
|
|
Credit
Cards and
Related
Plans |
|
|
Commercial
and
Industrial |
|
|
Loans to
Finance
Agricultural
Production |
|
|
All
Other
Loans |
|
|
General
Qualitative
&
Quantitative
Portion |
|
|
Total |
|
| |
|
(Dollars in thousands) |
|
|
Beginning balance
|
|
$ |
3,255 |
|
|
$ |
13 |
|
|
$ |
2,389 |
|
|
$ |
1,050 |
|
|
$ |
150 |
|
|
$ |
69 |
|
|
$ |
651 |
|
|
$ |
101 |
|
|
$ |
39 |
|
|
$ |
3,063 |
|
|
$ |
10,780 |
|
|
Charge-offs
|
|
|
(910 |
) |
|
|
— |
|
|
|
(156 |
) |
|
|
(203 |
) |
|
|
(4 |
) |
|
|
(4 |
) |
|
|
(43 |
) |
|
|
— |
|
|
|
(39 |
) |
|
|
— |
|
|
|
(1,359 |
) |
|
Recoveries
|
|
|
8 |
|
|
|
— |
|
|
|
10 |
|
|
|
1 |
|
|
|
— |
|
|
|
1 |
|
|
|
1 |
|
|
|
— |
|
|
|
26 |
|
|
|
— |
|
|
|
47 |
|
|
Provisions
|
|
|
1,159 |
|
|
|
— |
|
|
|
(30 |
) |
|
|
754 |
|
|
|
7 |
|
|
|
(2 |
) |
|
|
73 |
|
|
|
(11 |
) |
|
|
18 |
|
|
|
(51 |
) |
|
|
1,917 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance
|
|
$ |
3,512 |
|
|
$ |
13 |
|
|
$ |
2,213 |
|
|
$ |
1,602 |
|
|
$ |
153 |
|
|
$ |
64 |
|
|
$ |
682 |
|
|
$ |
90 |
|
|
$ |
44 |
|
|
$ |
3,012 |
|
|
$ |
11,385 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance: individually evaluated for impairment
|
|
$ |
694 |
|
|
$ |
— |
|
|
$ |
524 |
|
|
$ |
451 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,670 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance: collectively evaluated for impairment
|
|
$ |
2,818 |
|
|
$ |
13 |
|
|
$ |
1,689 |
|
|
$ |
1,151 |
|
|
$ |
153 |
|
|
$ |
64 |
|
|
$ |
681 |
|
|
$ |
90 |
|
|
$ |
44 |
|
|
$ |
3,012 |
|
|
$ |
9,715 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance
|
|
$ |
65,707 |
|
|
$ |
28,030 |
|
|
$ |
106,456 |
|
|
$ |
204,963 |
|
|
$ |
6,077 |
|
|
$ |
1,555 |
|
|
$ |
60,905 |
|
|
$ |
33,194 |
|
|
$ |
10,047 |
|
|
$ |
— |
|
|
$ |
516,934 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance: individually evaluated for impairment
|
|
$ |
8,164 |
|
|
$ |
358 |
|
|
$ |
7,895 |
|
|
$ |
16,088 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
204 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
32,709 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance: collectively evaluated for impairment
|
|
$ |
57,543 |
|
|
$ |
27,672 |
|
|
$ |
98,561 |
|
|
$ |
188,875 |
|
|
$ |
6,077 |
|
|
$ |
1,555 |
|
|
$ |
60,701 |
|
|
$ |
33,194 |
|
|
$ |
10,047 |
|
|
$ |
— |
|
|
$ |
484,225 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Loan
Losses
As of and for the Nine Months Ended September 30, 2011
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for
Credit Losses |
|
Real Estate
Construction
and Land
Development |
|
|
Real Estate
Secured by
Farmland |
|
|
Real Estate
Secured by
Residential
Properties |
|
|
Real Estate
Secured by
Nonfarm
Nonresidential |
|
|
Consumer
Installment |
|
|
Credit
Cards and
Related
Plans |
|
|
Commercial
and
Industrial |
|
|
Loans to
Finance
Agricultural
Production |
|
|
All
Other
Loans |
|
|
General
Qualitative
&
Quantitative
Portion |
|
|
Total |
|
| |
|
(Dollars in thousands) |
|
|
Beginning balance
|
|
$ |
6,168 |
|
|
$ |
28 |
|
|
$ |
3,450 |
|
|
$ |
1,007 |
|
|
$ |
12 |
|
|
$ |
21 |
|
|
$ |
882 |
|
|
$ |
18 |
|
|
$ |
139 |
|
|
$ |
1,522 |
|
|
$ |
13,247 |
|
|
Charge-offs
|
|
|
(4,327 |
) |
|
|
— |
|
|
|
(941 |
) |
|
|
(1,594 |
) |
|
|
(18 |
) |
|
|
(108 |
) |
|
|
(338 |
) |
|
|
— |
|
|
|
(172 |
) |
|
|
— |
|
|
|
(7,498 |
) |
|
Recoveries
|
|
|
9 |
|
|
|
— |
|
|
|
7 |
|
|
|
43 |
|
|
|
4 |
|
|
|
1 |
|
|
|
84 |
|
|
|
— |
|
|
|
86 |
|
|
|
— |
|
|
|
234 |
|
|
Provisions
|
|
|
2,553 |
|
|
|
(12 |
) |
|
|
149 |
|
|
|
2,067 |
|
|
|
17 |
|
|
|
305 |
|
|
|
215 |
|
|
|
109 |
|
|
|
178 |
|
|
|
650 |
|
|
|
6,231 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance
|
|
$ |
4,403 |
|
|
$ |
16 |
|
|
$ |
2,665 |
|
|
$ |
1,523 |
|
|
$ |
15 |
|
|
$ |
219 |
|
|
$ |
843 |
|
|
$ |
127 |
|
|
$ |
231 |
|
|
$ |
2,172 |
|
|
$ |
12,214 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance: individually evaluated for impairment
|
|
$ |
940 |
|
|
$ |
— |
|
|
$ |
1,059 |
|
|
$ |
999 |
|
|
$ |
— |
|
|
$ |
200 |
|
|
$ |
510 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
3,708 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance: collectively evaluated for impairment
|
|
$ |
3,463 |
|
|
$ |
16 |
|
|
$ |
1,606 |
|
|
$ |
524 |
|
|
$ |
15 |
|
|
$ |
19 |
|
|
$ |
333 |
|
|
$ |
127 |
|
|
$ |
231 |
|
|
$ |
2,172 |
|
|
$ |
8,506 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance
|
|
$ |
71,174 |
|
|
$ |
31,782 |
|
|
$ |
117,824 |
|
|
$ |
211,479 |
|
|
$ |
5,354 |
|
|
$ |
2,231 |
|
|
$ |
44,201 |
|
|
$ |
20,910 |
|
|
$ |
16,671 |
|
|
$ |
— |
|
|
$ |
521,626 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance: individually evaluated for impairment
|
|
$ |
12,567 |
|
|
$ |
— |
|
|
$ |
7,678 |
|
|
$ |
9,755 |
|
|
$ |
— |
|
|
$ |
200 |
|
|
$ |
1,363 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
31,563 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance: collectively evaluated for impairment
|
|
$ |
58,607 |
|
|
$ |
31,782 |
|
|
$ |
110,146 |
|
|
$ |
201,724 |
|
|
$ |
5,354 |
|
|
$ |
2,031 |
|
|
$ |
42,838 |
|
|
$ |
20,910 |
|
|
$ |
16,671 |
|
|
$ |
— |
|
|
$ |
490,063 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Loan Losses
As of and for the Three Months Ended September 30, 2011
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for
Credit Losses |
|
Real Estate
Construction
and Land
Development |
|
|
Real Estate
Secured by
Farmland |
|
|
Real Estate
Secured by
Residential
Properties |
|
|
Real Estate
Secured by
Nonfarm
Nonresidential |
|
|
Consumer
Installment |
|
|
Credit
Cards and
Related
Plans |
|
|
Commercial
and
Industrial |
|
|
Loans to
Finance
Agricultural
Production |
|
|
All
Other
Loans |
|
|
General
Qualitative
&
Quantitative
Portion |
|
|
Total |
|
| |
|
(Dollars in thousands) |
|
|
Beginning balance
|
|
$ |
7,467 |
|
|
$ |
33 |
|
|
$ |
4,239 |
|
|
$ |
1,132 |
|
|
$ |
30 |
|
|
$ |
188 |
|
|
$ |
622 |
|
|
$ |
15 |
|
|
$ |
174 |
|
|
$ |
1,548 |
|
|
$ |
15,448 |
|
|
Charge-offs
|
|
|
(2,410 |
) |
|
|
— |
|
|
|
(237 |
) |
|
|
(1,551 |
) |
|
|
(3 |
) |
|
|
(99 |
) |
|
|
— |
|
|
|
— |
|
|
|
(50 |
) |
|
|
— |
|
|
|
(4,350 |
) |
|
Recoveries
|
|
|
3 |
|
|
|
— |
|
|
|
5 |
|
|
|
43 |
|
|
|
2 |
|
|
|
— |
|
|
|
6 |
|
|
|
— |
|
|
|
29 |
|
|
|
— |
|
|
|
88 |
|
|
Provisions
|
|
|
(657 |
) |
|
|
(17 |
) |
|
|
(1,342 |
) |
|
|
1,899 |
|
|
|
(14 |
) |
|
|
130 |
|
|
|
215 |
|
|
|
112 |
|
|
|
78 |
|
|
|
624 |
|
|
|
1,028 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance
|
|
$ |
4,403 |
|
|
$ |
16 |
|
|
$ |
2,665 |
|
|
$ |
1,523 |
|
|
$ |
15 |
|
|
$ |
219 |
|
|
$ |
843 |
|
|
$ |
127 |
|
|
$ |
231 |
|
|
$ |
2,172 |
|
|
$ |
12,214 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance: individually evaluated for impairment
|
|
$ |
940 |
|
|
$ |
— |
|
|
$ |
1,059 |
|
|
$ |
999 |
|
|
$ |
— |
|
|
$ |
200 |
|
|
$ |
510 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
3,708 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance: collectively evaluated for impairment
|
|
$ |
3,463 |
|
|
$ |
16 |
|
|
$ |
1,606 |
|
|
$ |
524 |
|
|
$ |
15 |
|
|
$ |
19 |
|
|
$ |
333 |
|
|
$ |
127 |
|
|
$ |
231 |
|
|
$ |
2,172 |
|
|
$ |
8,506 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance
|
|
$ |
71,174 |
|
|
$ |
31,782 |
|
|
$ |
117,824 |
|
|
$ |
211,479 |
|
|
$ |
5,354 |
|
|
$ |
2,231 |
|
|
$ |
44,201 |
|
|
$ |
20,910 |
|
|
$ |
16,671 |
|
|
$ |
— |
|
|
$ |
521,626 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance: individually evaluated for impairment
|
|
$ |
12,567 |
|
|
$ |
— |
|
|
$ |
7,678 |
|
|
$ |
9,755 |
|
|
$ |
— |
|
|
$ |
200 |
|
|
$ |
1,363 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
31,563 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance: collectively evaluated for impairment
|
|
$ |
58,607 |
|
|
$ |
31,782 |
|
|
$ |
110,146 |
|
|
$ |
201,724 |
|
|
$ |
5,354 |
|
|
$ |
2,031 |
|
|
$ |
42,838 |
|
|
$ |
20,910 |
|
|
$ |
16,671 |
|
|
$ |
— |
|
|
$ |
490,063 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Loan
Losses
As of December 31, 2011
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for
Credit Losses |
|
Real Estate
Construction
and Land
Development |
|
|
Real Estate
Secured by
Farmland |
|
|
Real Estate
Secured by
Residential
Properties |
|
|
Real Estate
Secured by
Nonfarm
Nonresidential |
|
|
Consumer
Installment |
|
|
Credit
Cards and
Related
Plans |
|
|
Commercial
and
Industrial |
|
|
Loans to
Finance
Agricultural
Production |
|
|
All
Other
Loans |
|
|
General
Qualitative
&
Quantitative
Portion |
|
|
Total |
|
| |
|
(Dollars in thousands) |
|
|
Ending Balance
|
|
$ |
3,655 |
|
|
$ |
15 |
|
|
$ |
2,418 |
|
|
$ |
1,740 |
|
|
$ |
46 |
|
|
$ |
18 |
|
|
$ |
555 |
|
|
$ |
115 |
|
|
$ |
26 |
|
|
$ |
3,504 |
|
|
$ |
12,092 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance: individually evaluated for impairment
|
|
$ |
637 |
|
|
$ |
— |
|
|
$ |
480 |
|
|
$ |
1,181 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
165 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
2,463 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance: collectively evaluated for impairment
|
|
$ |
3,018 |
|
|
$ |
15 |
|
|
$ |
1,938 |
|
|
$ |
559 |
|
|
$ |
46 |
|
|
$ |
18 |
|
|
$ |
390 |
|
|
$ |
115 |
|
|
$ |
26 |
|
|
$ |
3,504 |
|
|
$ |
9,629 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance
|
|
$ |
67,127 |
|
|
$ |
29,890 |
|
|
$ |
110,374 |
|
|
$ |
203,063 |
|
|
$ |
6,620 |
|
|
$ |
1,661 |
|
|
$ |
45,679 |
|
|
$ |
21,539 |
|
|
$ |
10,589 |
|
|
$ |
— |
|
|
$ |
496,542 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance: individually evaluated for impairment
|
|
$ |
10,074 |
|
|
$ |
— |
|
|
$ |
5,514 |
|
|
$ |
14,029 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
561 |
|
|
$ |
1,111 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
31,289 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance: collectively evaluated for impairment
|
|
$ |
57,053 |
|
|
$ |
29,890 |
|
|
$ |
104,860 |
|
|
$ |
189,034 |
|
|
$ |
6,620 |
|
|
$ |
1,661 |
|
|
$ |
45,118 |
|
|
$ |
20,428 |
|
|
$ |
10,589 |
|
|
$ |
— |
|
|
$ |
465,253 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans Credit Quality Indicators |
The following tables present loans as of September 30, 2012
and December 31, 2011 classified by risk type:
Credit Quality Indicators
As of September 30, 2012
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Pass |
|
|
Weak Pass |
|
|
Special
Mention |
|
|
Substandard |
|
|
Total |
|
| |
|
(Dollars in thousands) |
|
|
Real Estate—Construction and Land Development Loans
|
|
$ |
30,600 |
|
|
$ |
21,382 |
|
|
$ |
5,007 |
|
|
$ |
8,718 |
|
|
$ |
65,707 |
|
|
Real Estate—Secured by Farmland
|
|
|
21,645 |
|
|
|
3,552 |
|
|
|
2,475 |
|
|
|
358 |
|
|
|
28,030 |
|
|
Real Estate—Secured by Residential Properties
|
|
|
59,262 |
|
|
|
29,163 |
|
|
|
8,959 |
|
|
|
9,072 |
|
|
|
106,456 |
|
|
Real Estate—Secured by Nonfarm Nonresidential
|
|
|
92,020 |
|
|
|
73,081 |
|
|
|
20,767 |
|
|
|
19,095 |
|
|
|
204,963 |
|
|
Consumer Installment
|
|
|
3,892 |
|
|
|
1,830 |
|
|
|
288 |
|
|
|
67 |
|
|
|
6,077 |
|
|
Credit Cards and Related Plans
|
|
|
795 |
|
|
|
528 |
|
|
|
230 |
|
|
|
2 |
|
|
|
1,555 |
|
|
Commercial and Industrial
|
|
|
34,054 |
|
|
|
20,698 |
|
|
|
5,170 |
|
|
|
983 |
|
|
|
60,905 |
|
|
Loans to Finance Agriculture Production
|
|
|
26,374 |
|
|
|
6,416 |
|
|
|
404 |
|
|
|
— |
|
|
|
33,194 |
|
|
All Other Loans
|
|
|
5,660 |
|
|
|
4,364 |
|
|
|
23 |
|
|
|
— |
|
|
|
10,047 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
274,302 |
|
|
$ |
161,014 |
|
|
$ |
43,323 |
|
|
$ |
38,295 |
|
|
$ |
516,934 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Quality
Indicators
As of December 31, 2011
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Pass |
|
|
Weak Pass |
|
|
Special
Mention |
|
|
Substandard |
|
|
Total |
|
| |
|
(Dollars in thousands) |
|
|
Real Estate—Construction and Land Development Loans
|
|
$ |
27,833 |
|
|
$ |
23,237 |
|
|
$ |
4,853 |
|
|
$ |
11,204 |
|
|
$ |
67,127 |
|
|
Real Estate—Secured by Farmland
|
|
|
22,008 |
|
|
|
4,430 |
|
|
|
3,452 |
|
|
|
— |
|
|
|
29,890 |
|
|
Real Estate—Secured by Residential Properties
|
|
|
60,121 |
|
|
|
31,146 |
|
|
|
12,302 |
|
|
|
6,805 |
|
|
|
110,374 |
|
|
Real Estate—Secured by Nonfarm Nonresidential
|
|
|
90,099 |
|
|
|
75,384 |
|
|
|
18,663 |
|
|
|
18,917 |
|
|
|
203,063 |
|
|
Consumer Installment
|
|
|
4,025 |
|
|
|
2,212 |
|
|
|
254 |
|
|
|
129 |
|
|
|
6,620 |
|
|
Credit Cards and Related Plans
|
|
|
850 |
|
|
|
529 |
|
|
|
279 |
|
|
|
3 |
|
|
|
1,661 |
|
|
Commercial and Industrial
|
|
|
25,133 |
|
|
|
16,146 |
|
|
|
2,686 |
|
|
|
1,714 |
|
|
|
45,679 |
|
|
Loans to Finance Agriculture Production
|
|
|
16,473 |
|
|
|
3,290 |
|
|
|
584 |
|
|
|
1,192 |
|
|
|
21,539 |
|
|
All Other Loans
|
|
|
3,171 |
|
|
|
7,393 |
|
|
|
25 |
|
|
|
— |
|
|
|
10,589 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
249,713 |
|
|
$ |
163,767 |
|
|
$ |
43,098 |
|
|
$ |
39,964 |
|
|
$ |
496,542 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Summarize the past due loans by category |
The following tables summarize the past due loans by category as of
September 30, 2012 and December 31, 2011:
Past Due Loans
As of September 30, 2012
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
30-59 Days
Past Due |
|
|
60-89 Days
Past Due |
|
|
Greater than
90 Days |
|
|
Total Past
Due |
|
|
Current |
|
|
Total |
|
| |
|
(Dollars in thousands) |
|
|
Real Estate Construction and Land Development
|
|
$ |
124 |
|
|
$ |
127 |
|
|
$ |
4,037 |
|
|
$ |
4,288 |
|
|
$ |
61,419 |
|
|
$ |
65,707 |
|
|
Real Estate Secured by Farmland
|
|
|
— |
|
|
|
— |
|
|
|
357 |
|
|
|
357 |
|
|
|
27,673 |
|
|
|
28,030 |
|
|
Real Estate Secured by Residential Properties
|
|
|
213 |
|
|
|
763 |
|
|
|
1,742 |
|
|
|
2,718 |
|
|
|
103,738 |
|
|
|
106,456 |
|
|
Real Estate Secured by Nonfarm Nonresidential
|
|
|
1,781 |
|
|
|
933 |
|
|
|
8,490 |
|
|
|
11,204 |
|
|
|
193,759 |
|
|
|
204,963 |
|
|
Consumer Installment
|
|
|
1 |
|
|
|
3 |
|
|
|
6 |
|
|
|
10 |
|
|
|
6,067 |
|
|
|
6,077 |
|
|
Credit Cards and Related Plans
|
|
|
3 |
|
|
|
2 |
|
|
|
— |
|
|
|
5 |
|
|
|
1,550 |
|
|
|
1,555 |
|
|
Commercial and Industrial
|
|
|
234 |
|
|
|
— |
|
|
|
172 |
|
|
|
406 |
|
|
|
60,499 |
|
|
|
60,905 |
|
|
Loans to Finance Agricultural Production
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
33,194 |
|
|
|
33,194 |
|
|
All Other Loans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
10,047 |
|
|
|
10,047 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
2,356 |
|
|
$ |
1,828 |
|
|
$ |
14,804 |
|
|
$ |
18,988 |
|
|
$ |
497,946 |
|
|
$ |
516,934 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-Accrual Loans Included in above Total
|
|
$ |
440 |
|
|
$ |
1,683 |
|
|
$ |
14,804 |
|
|
$ |
16,927 |
|
|
$ |
1,098 |
|
|
$ |
18,025 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Past Due Loans
As of December 31, 2011
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
30-59 Days
Past Due |
|
|
60-89 Days
Past Due |
|
|
Greater than
90 Days |
|
|
Total Past
Due |
|
|
Current |
|
|
Total |
|
| |
|
(Dollars in thousands) |
|
|
Real Estate Construction and Land Development
|
|
$ |
447 |
|
|
$ |
198 |
|
|
$ |
6,142 |
|
|
$ |
6,787 |
|
|
$ |
60,340 |
|
|
$ |
67,127 |
|
|
Real Estate Secured by Farmland
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
29,890 |
|
|
|
29,890 |
|
|
Real Estate Secured by Residential Properties
|
|
|
1,055 |
|
|
|
993 |
|
|
|
1,278 |
|
|
|
3,326 |
|
|
|
107,048 |
|
|
|
110,374 |
|
|
Real Estate Secured by Nonfarm Nonresidential
|
|
|
2,357 |
|
|
|
— |
|
|
|
4,446 |
|
|
|
6,803 |
|
|
|
196,260 |
|
|
|
203,063 |
|
|
Consumer Installment
|
|
|
65 |
|
|
|
— |
|
|
|
22 |
|
|
|
87 |
|
|
|
6,533 |
|
|
|
6,620 |
|
|
Credit Cards and Related Plans
|
|
|
2 |
|
|
|
2 |
|
|
|
— |
|
|
|
4 |
|
|
|
1,657 |
|
|
|
1,661 |
|
|
Commercial and Industrial
|
|
|
294 |
|
|
|
— |
|
|
|
205 |
|
|
|
499 |
|
|
|
45,180 |
|
|
|
45,679 |
|
|
Loans to Finance Agricultural Production
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
21,539 |
|
|
|
21,539 |
|
|
All Other Loans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
10,589 |
|
|
|
10,589 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
4,220 |
|
|
$ |
1,193 |
|
|
$ |
12,093 |
|
|
$ |
17,506 |
|
|
$ |
479,036 |
|
|
$ |
496,542 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-Accrual Loans Included in above Total
|
|
$ |
1,426 |
|
|
$ |
588 |
|
|
$ |
12,093 |
|
|
$ |
14,107 |
|
|
$ |
1,866 |
|
|
$ |
15,973 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Summarize impaired loans |
The following tables summarize impaired loans as of September 30, 2012,
September 30, 2011 and December 31, 2011. The recorded investment balance includes the loan balance, deferred fees that have yet to be recognized and accrued interest. The deferred fees that have yet to be recognized are not material
amounts.
Impaired Loans
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Balance at
September 30,
2012 |
|
|
Nine Months Ended
September 30,
2012 |
|
|
Three Months Ended
September 30,
2012 |
|
| |
|
Recorded
Investment |
|
|
Unpaid
Principal
Balance |
|
|
Related
Allowance |
|
|
Average
Recorded
Investment |
|
|
Interest
Income
Recognized |
|
|
Average
Recorded
Investment |
|
|
Interest
Income
Recognized |
|
| |
|
(Dollars in thousands) |
|
|
With no related allowance recorded:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Construction and Land Development
|
|
$ |
5,149 |
|
|
$ |
7,372 |
|
|
$ |
— |
|
|
$ |
5,269 |
|
|
$ |
71 |
|
|
$ |
4,225 |
|
|
$ |
22 |
|
|
Real Estate Secured by Farmland
|
|
|
357 |
|
|
|
357 |
|
|
|
— |
|
|
|
198 |
|
|
|
4 |
|
|
|
356 |
|
|
|
— |
|
|
Real Estate Secured by Residential Properties
|
|
|
2,097 |
|
|
|
2,227 |
|
|
|
— |
|
|
|
1,910 |
|
|
|
48 |
|
|
|
2,070 |
|
|
|
17 |
|
|
Real Estate Secured by Nonfarm Nonresidential
|
|
|
10,633 |
|
|
|
11,704 |
|
|
|
— |
|
|
|
8,715 |
|
|
|
143 |
|
|
|
9,689 |
|
|
|
48 |
|
|
Consumer Installment
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
— |
|
|
|
|
|
|
|
— |
|
|
Credit Cards and Related Plans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Commercial and Industrial
|
|
|
202 |
|
|
|
200 |
|
|
|
— |
|
|
|
272 |
|
|
|
12 |
|
|
|
217 |
|
|
|
3 |
|
|
Loans to Finance Agricultural Production
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
195 |
|
|
|
9 |
|
|
|
— |
|
|
|
— |
|
|
All Other Loans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total impaired loans with no related allowance
|
|
$ |
18,438 |
|
|
$ |
21,860 |
|
|
$ |
— |
|
|
$ |
16,559 |
|
|
$ |
287 |
|
|
$ |
16,557 |
|
|
$ |
90 |
|
|
With an allowance recorded:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Construction and Land Development
|
|
$ |
3,026 |
|
|
$ |
3,599 |
|
|
$ |
694 |
|
|
$ |
3,607 |
|
|
$ |
49 |
|
|
$ |
4,178 |
|
|
$ |
22 |
|
|
Real Estate Secured by Farmland
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Real Estate Secured by Residential Properties
|
|
|
5,810 |
|
|
|
5,823 |
|
|
|
524 |
|
|
|
5,380 |
|
|
|
135 |
|
|
|
5,568 |
|
|
|
46 |
|
|
Real Estate Secured by Nonfarm Nonresidential
|
|
|
5,471 |
|
|
|
5,494 |
|
|
|
451 |
|
|
|
7,028 |
|
|
|
116 |
|
|
|
5,841 |
|
|
|
29 |
|
|
Consumer Installment
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Credit Cards and Related Plans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Commercial and Industrial
|
|
|
4 |
|
|
|
4 |
|
|
|
1 |
|
|
|
95 |
|
|
|
4 |
|
|
|
37 |
|
|
|
1 |
|
|
Loans to Finance Agricultural Production
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
All Other Loans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total impaired loans with related allowance recorded
|
|
$ |
14,311 |
|
|
$ |
14,920 |
|
|
$ |
1,670 |
|
|
$ |
16,110 |
|
|
$ |
304 |
|
|
$ |
15,624 |
|
|
$ |
98 |
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and Land Development
|
|
$ |
8,175 |
|
|
$ |
10,971 |
|
|
$ |
694 |
|
|
$ |
8,876 |
|
|
$ |
120 |
|
|
$ |
8,403 |
|
|
$ |
44 |
|
|
Residential
|
|
|
7,907 |
|
|
|
8,050 |
|
|
|
524 |
|
|
|
7,290 |
|
|
|
183 |
|
|
|
7,638 |
|
|
|
63 |
|
|
Commercial
|
|
|
16,667 |
|
|
|
17,759 |
|
|
|
452 |
|
|
|
16,503 |
|
|
|
288 |
|
|
|
16,140 |
|
|
|
81 |
|
|
Consumer
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total impaired loans
|
|
$ |
32,749 |
|
|
$ |
36,780 |
|
|
$ |
1,670 |
|
|
$ |
32,669 |
|
|
$ |
591 |
|
|
$ |
32,181 |
|
|
$ |
188 |
|
Impaired Loans
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Balance at
September 30,
2011 |
|
|
Nine Months Ended
September 30,
2011 |
|
|
Three Months Ended
September 30,
2011 |
|
| |
|
Recorded
Investment |
|
|
Unpaid
Principal
Balance |
|
|
Related
Allowance |
|
|
Average
Recorded
Investment |
|
|
Interest
Income
Recognized |
|
|
Average
Recorded
Investment |
|
|
Interest
Income
Recognized |
|
| |
|
(Dollars in thousands) |
|
|
With no related allowance recorded:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Construction and Land Development
|
|
$ |
9,766 |
|
|
$ |
15,847 |
|
|
$ |
— |
|
|
$ |
8,009 |
|
|
$ |
98 |
|
|
$ |
8,389 |
|
|
$ |
32 |
|
|
Real Estate Secured by Farmland
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Real Estate Secured by Residential Properties
|
|
|
3,546 |
|
|
|
3,880 |
|
|
|
— |
|
|
|
3,858 |
|
|
|
58 |
|
|
|
3,881 |
|
|
|
21 |
|
|
Real Estate Secured by Nonfarm Nonresidential
|
|
|
5,779 |
|
|
|
7,245 |
|
|
|
— |
|
|
|
2,220 |
|
|
|
47 |
|
|
|
3,626 |
|
|
|
25 |
|
|
Consumer Installment
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
— |
|
|
|
|
|
|
|
— |
|
|
Credit Cards and Related Plans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Commercial and Industrial
|
|
|
413 |
|
|
|
650 |
|
|
|
— |
|
|
|
359 |
|
|
|
10 |
|
|
|
344 |
|
|
|
3 |
|
|
Loans to Finance Agricultural Production
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
All Other Loans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total impaired loans with no related allowance
|
|
$ |
19,504 |
|
|
$ |
27,622 |
|
|
$ |
— |
|
|
$ |
14,446 |
|
|
$ |
213 |
|
|
$ |
16,240 |
|
|
$ |
81 |
|
|
With an allowance recorded:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Construction and Land Development
|
|
$ |
2,807 |
|
|
$ |
3,478 |
|
|
$ |
940 |
|
|
$ |
7,449 |
|
|
$ |
91 |
|
|
$ |
5,935 |
|
|
$ |
22 |
|
|
Real Estate Secured by Farmland
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Real Estate Secured by Residential Properties
|
|
|
4,138 |
|
|
|
4,135 |
|
|
|
1,059 |
|
|
|
4,064 |
|
|
|
62 |
|
|
|
4,367 |
|
|
|
24 |
|
|
Real Estate Secured by Nonfarm Nonresidential
|
|
|
3,983 |
|
|
|
4,046 |
|
|
|
999 |
|
|
|
3,889 |
|
|
|
82 |
|
|
|
5,178 |
|
|
|
35 |
|
|
Consumer Installment
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Credit Cards and Related Plans
|
|
|
200 |
|
|
|
200 |
|
|
|
200 |
|
|
|
200 |
|
|
|
7 |
|
|
|
200 |
|
|
|
2 |
|
|
Commercial and Industrial
|
|
|
958 |
|
|
|
951 |
|
|
|
510 |
|
|
|
601 |
|
|
|
17 |
|
|
|
995 |
|
|
|
9 |
|
|
Loans to Finance Agricultural Production
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
All Other Loans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total impaired loans with related allowance recorded
|
|
$ |
12,086 |
|
|
$ |
12,810 |
|
|
$ |
3,708 |
|
|
$ |
16,203 |
|
|
$ |
259 |
|
|
$ |
16,675 |
|
|
$ |
92 |
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and Land Development
|
|
$ |
12,573 |
|
|
$ |
19,325 |
|
|
$ |
940 |
|
|
$ |
15,458 |
|
|
$ |
189 |
|
|
$ |
14,324 |
|
|
$ |
54 |
|
|
Residential
|
|
|
7,684 |
|
|
|
8,015 |
|
|
|
1,059 |
|
|
|
7,922 |
|
|
|
120 |
|
|
|
8,248 |
|
|
|
45 |
|
|
Commercial
|
|
|
11,133 |
|
|
|
12,892 |
|
|
|
1,509 |
|
|
|
7,069 |
|
|
|
156 |
|
|
|
10,143 |
|
|
|
72 |
|
|
Consumer
|
|
|
200 |
|
|
|
200 |
|
|
|
200 |
|
|
|
200 |
|
|
|
7 |
|
|
|
200 |
|
|
|
2 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total impaired loans
|
|
$ |
31,590 |
|
|
$ |
40,432 |
|
|
$ |
3,708 |
|
|
$ |
30,649 |
|
|
$ |
472 |
|
|
$ |
32,915 |
|
|
$ |
173 |
|
Impaired Loans
As of December 31, 2011
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Recorded
Investment |
|
|
Unpaid
Principal
Balance |
|
|
Related
Allowance |
|
| |
|
(Dollars in thousands) |
|
|
With no related allowance recorded:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Construction and Land Development
|
|
$ |
6,280 |
|
|
$ |
11,137 |
|
|
$ |
— |
|
|
Real Estate Secured by Farmland
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Real Estate Secured by Residential Properties
|
|
|
2,135 |
|
|
|
2,611 |
|
|
|
— |
|
|
Real Estate Secured by Nonfarm Nonresidential
|
|
|
7,075 |
|
|
|
7,484 |
|
|
|
— |
|
|
Consumer Installment
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Credit Cards and Related Plans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Commercial and Industrial
|
|
|
379 |
|
|
|
500 |
|
|
|
— |
|
|
Loans to Finance Agricultural Production
|
|
|
1,109 |
|
|
|
1,110 |
|
|
|
— |
|
|
All Other Loans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total impaired loans with no related allowance
|
|
$ |
16,978 |
|
|
$ |
22,842 |
|
|
$ |
— |
|
|
With an allowance recorded:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Construction and Land Development
|
|
$ |
3,806 |
|
|
$ |
3,794 |
|
|
$ |
637 |
|
|
Real Estate Secured by Farmland
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Real Estate Secured by Residential Properties
|
|
|
3,391 |
|
|
|
3,382 |
|
|
|
480 |
|
|
Real Estate Secured by Nonfarm Nonresidential
|
|
|
6,976 |
|
|
|
6,957 |
|
|
|
1,181 |
|
|
Consumer Installment
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Credit Cards and Related Plans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Commercial and Industrial
|
|
|
186 |
|
|
|
186 |
|
|
|
165 |
|
|
Loans to Finance Agricultural Production
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
All Other Loans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total impaired loans with related allowance recorded
|
|
$ |
14,359 |
|
|
$ |
14,319 |
|
|
$ |
2,463 |
|
| |
|
|
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and Land Development
|
|
$ |
10,086 |
|
|
$ |
14,931 |
|
|
$ |
637 |
|
|
Residential
|
|
|
5,526 |
|
|
|
5,993 |
|
|
|
480 |
|
|
Commercial
|
|
|
15,725 |
|
|
|
16,237 |
|
|
|
1,346 |
|
|
Consumer
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total impaired loans
|
|
$ |
31,337 |
|
|
$ |
37,161 |
|
|
$ |
2,463 |
|
|
| Nonaccrual loans |
The following table presents nonaccrual loans as of
September 30, 2012 and December 31, 2011 by loan category:
Nonaccrual Loans
| |
|
|
|
|
|
|
|
|
| |
|
September 30,
2012 |
|
|
December 31,
2011 |
|
| |
|
(Dollars in thousands) |
|
|
Real Estate Construction and Land Development
|
|
$ |
4,508 |
|
|
$ |
6,795 |
|
|
Real Estate Secured by Farmland
|
|
|
358 |
|
|
|
— |
|
|
Real Estate Secured by Residential Properties
|
|
|
2,579 |
|
|
|
2,113 |
|
|
Real Estate Secured by Nonfarm Nonresidential
|
|
|
10,364 |
|
|
|
6,767 |
|
|
Consumer Installment
|
|
|
44 |
|
|
|
22 |
|
|
Credit Cards and Related Plans
|
|
|
— |
|
|
|
— |
|
|
Commercial and Industrial
|
|
|
172 |
|
|
|
276 |
|
|
Loans to Finance Agricultural Production
|
|
|
— |
|
|
|
— |
|
|
All Other Loans
|
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
18,025 |
|
|
$ |
15,973 |
|
| |
|
|
|
|
|
|
|
|
|
| Breakdown of the types of concessions made by loan class |
For the three and nine months ended
September 30, 2012 and 2011 the following tables present a breakdown of the types of concessions made by loan class. The recorded investment balances presented are balances at the time of concessions.
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months ended September 30, 2012 |
|
|
Nine Months ended September 30, 2012 |
|
| |
|
Number of
Loans |
|
|
Pre-
Modification
Outstanding
Recorded
Investment |
|
|
Post-Modification
Outstanding
Recorded
Investment |
|
|
Number of Loans |
|
|
Pre-Modification
Outstanding
Recorded
Investment |
|
|
Post-Modification
Outstanding
Recorded
Investment |
|
| |
|
|
|
|
|
|
|
(Dollars in thousands) |
|
|
|
|
|
|
|
|
Below market interest rate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Construction and Land Development
|
|
|
1 |
|
|
$ |
533 |
|
|
$ |
533 |
|
|
|
1 |
|
|
$ |
533 |
|
|
$ |
533 |
|
|
Real Estate Secured by Residential Properties
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
1,943 |
|
|
|
1,943 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total below market interest rate
|
|
|
1 |
|
|
$ |
533 |
|
|
$ |
533 |
|
|
|
2 |
|
|
$ |
2,476 |
|
|
$ |
2,476 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Extended payment terms:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Real Estate Construction and Land Development
|
|
|
1 |
|
|
$ |
228 |
|
|
$ |
228 |
|
|
|
2 |
|
|
$ |
732 |
|
|
$ |
732 |
|
|
Commercial and Industrial
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
18 |
|
|
|
18 |
|
|
Consumer Installment
|
|
|
1 |
|
|
|
39 |
|
|
|
39 |
|
|
|
1 |
|
|
|
39 |
|
|
|
39 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Extended Payment Terms
|
|
|
2 |
|
|
$ |
267 |
|
|
$ |
267 |
|
|
|
4 |
|
|
$ |
789 |
|
|
$ |
789 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
3 |
|
|
$ |
800 |
|
|
$ |
800 |
|
|
|
6 |
|
|
$ |
3,265 |
|
|
$ |
3,265 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months ended September 30, 2011 |
|
|
Nine Months ended September 30, 2011 |
|
| |
|
Number of
Loans |
|
|
Pre-
Modification
Outstanding
Recorded
Investment |
|
|
Post-Modification
Outstanding
Recorded
Investment |
|
|
Number of Loans |
|
|
Pre-Modification
Outstanding
Recorded
Investment |
|
|
Post-Modification
Outstanding
Recorded
Investment |
|
| |
|
|
|
|
|
|
|
(Dollars in thousands) |
|
|
|
|
|
|
|
|
Below market interest rate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Secured by Residential Properties
|
|
|
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
1 |
|
|
$ |
219 |
|
|
$ |
219 |
|
|
Real Estate Secured by Nonfarm Nonresidential
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
1,145 |
|
|
|
1,145 |
|
|
Credit Cards and Related Plans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
33 |
|
|
|
33 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total below market interest rate
|
|
|
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
3 |
|
|
$ |
1,397 |
|
|
$ |
1,397 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Extended payment terms:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Real Estate Construction and Land Development
|
|
|
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
1 |
|
|
$ |
56 |
|
|
$ |
56 |
|
|
Real Estate Secured by Residential Properties
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3 |
|
|
|
1,549 |
|
|
|
1,549 |
|
|
Real Estate Secured by Nonfarm Nonresidential
|
|
|
3 |
|
|
|
918 |
|
|
|
918 |
|
|
|
3 |
|
|
|
918 |
|
|
|
918 |
|
|
Commercial and Industrial
|
|
|
2 |
|
|
|
227 |
|
|
|
227 |
|
|
|
2 |
|
|
|
227 |
|
|
|
227 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Extended Payment Terms
|
|
|
5 |
|
|
$ |
1,145 |
|
|
$ |
1,145 |
|
|
|
9 |
|
|
$ |
2,750 |
|
|
$ |
2,750 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forgiveness of principal:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Construction and Land Development
|
|
|
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
10 |
|
|
$ |
925 |
|
|
$ |
860 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total forgiveness of principal
|
|
|
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
10 |
|
|
$ |
925 |
|
|
$ |
860 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
5 |
|
|
$ |
1,145 |
|
|
$ |
1,145 |
|
|
|
22 |
|
|
$ |
5,072 |
|
|
$ |
5,007 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Successes and failures of the types of modifications |
The following table presents the successes and failures of the
types of modifications within the previous twelve months as of September 30, 2012. The recorded investment balances presented are as of September 30, 2012.
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Paid in Full |
|
|
Paying as Restructured |
|
|
Converted to Non-accrual |
|
|
Foreclosure/Default |
|
| |
|
Number of
Loans |
|
|
Recorded
Investment |
|
|
Number of
Loans |
|
|
Recorded
Investment |
|
|
Number of
Loans |
|
|
Recorded
Investment |
|
|
Number of
Loans |
|
|
Recorded
Investment |
|
| |
|
(Dollars in thousands) |
|
|
Below market interest rate
|
|
|
— |
|
|
$ |
— |
|
|
|
4 |
|
|
$ |
3,724 |
|
|
|
1 |
|
|
$ |
545 |
|
|
|
— |
|
|
$ |
— |
|
|
Extended payment terms
|
|
|
— |
|
|
|
— |
|
|
|
5 |
|
|
|
985 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Forgiveness of principal
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
— |
|
|
$ |
— |
|
|
|
9 |
|
|
$ |
4,709 |
|
|
|
1 |
|
|
$ |
545 |
|
|
|
— |
|
|
$ |
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|