|
Loans and ALLL (Tables)
|
12 Months Ended |
|
Dec. 31, 2013
|
| Receivables [Abstract] |
|
| Summary of changes in the ALLL and the recorded investment in loans by segments |
| | | | | | | | | | | | | | | | | | | | | | | | | | Allowance for Loan Losses | | Year Ended December 31, 2012 |
| Commercial | | Agricultural | | Residential Real Estate | | Consumer | | Unallocated | | Total | January 1, 2012 | $ | 6,284 |
| | $ | 1,003 |
| | $ | 2,980 |
| | $ | 633 |
| | $ | 1,475 |
| | $ | 12,375 |
| Loans charged-off | (1,672 | ) | | — |
| | (1,142 | ) | | (542 | ) | | — |
| | (3,356 | ) | Recoveries | 240 |
| | — |
| | 122 |
| | 255 |
| | — |
| | 617 |
| Provision for loan losses | 2,010 |
| | (596 | ) | | 1,667 |
| | 320 |
| | (1,101 | ) | | 2,300 |
| December 31, 2012 | $ | 6,862 |
| | $ | 407 |
| | $ | 3,627 |
| | $ | 666 |
| | $ | 374 |
| | $ | 11,936 |
|
A summary of changes in the ALLL and the recorded investment in loans by segments follows: | | | | | | | | | | | | | | | | | | | | | | | | | | Allowance for Loan Losses | | Year Ended December 31, 2013 |
| Commercial | | Agricultural | | Residential Real Estate | | Consumer | | Unallocated | | Total | January 1, 2013 | $ | 6,862 |
| | $ | 407 |
| | $ | 3,627 |
| | $ | 666 |
| | $ | 374 |
| | $ | 11,936 |
| Loans charged-off | (895 | ) | | (12 | ) | | (1,004 | ) | | (429 | ) | | — |
| | (2,340 | ) | Recoveries | 363 |
| | — |
| | 181 |
| | 249 |
| | — |
| | 793 |
| Provision for loan losses | (282 | ) | | 39 |
| | 1,041 |
| | 153 |
| | 160 |
| | 1,111 |
| December 31, 2013 | $ | 6,048 |
| | $ | 434 |
| | $ | 3,845 |
| | $ | 639 |
| | $ | 534 |
| | $ | 11,500 |
|
|
| Allowance for Loan Losses and Recorded Investment in Loans |
| | | | | | | | | | | | | | | | | | | | | | | | | | Allowance for Loan Losses and Recorded Investment in Loans | | As of December 31, 2012 | | Commercial | | Agricultural | | Residential Real Estate | | Consumer | | Unallocated | | Total | ALLL | | | | | | | | | | | | Individually evaluated for impairment | $ | 2,050 |
| | $ | 91 |
| | $ | 1,796 |
| | $ | — |
| | $ | — |
| | $ | 3,937 |
| Collectively evaluated for impairment | 4,812 |
| | 316 |
| | 1,831 |
| | 666 |
| | 374 |
| | 7,999 |
| Total | $ | 6,862 |
| | $ | 407 |
| | $ | 3,627 |
| | $ | 666 |
| | $ | 374 |
| | $ | 11,936 |
| Loans | | | | | | | | | | | | Individually evaluated for impairment | $ | 14,456 |
| | $ | 723 |
| | $ | 10,704 |
| | $ | 75 |
| | | | $ | 25,958 |
| Collectively evaluated for impairment | 357,049 |
| | 82,883 |
| | 273,444 |
| | 33,419 |
| | | | 746,795 |
| Total | $ | 371,505 |
|
| $ | 83,606 |
| | $ | 284,148 |
| | $ | 33,494 |
| | | | $ | 772,753 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | Allowance for Loan Losses and Recorded Investment in Loans | | As of December 31, 2013 | | Commercial | | Agricultural | | Residential Real Estate | | Consumer | | Unallocated | | Total | ALLL | | | | | | | | | | | | Individually evaluated for impairment | $ | 2,035 |
| | $ | 30 |
| | $ | 2,287 |
| | $ | — |
| | $ | — |
| | $ | 4,352 |
| Collectively evaluated for impairment | 4,013 |
| | 404 |
| | 1,558 |
| | 639 |
| | 534 |
| | 7,148 |
| Total | $ | 6,048 |
| | $ | 434 |
| | $ | 3,845 |
| | $ | 639 |
| | $ | 534 |
| | $ | 11,500 |
| Loans | | | | | | | | | | | | Individually evaluated for impairment | $ | 13,816 |
| | $ | 1,538 |
| | $ | 14,302 |
| | $ | 119 |
| | | | $ | 29,775 |
| Collectively evaluated for impairment | 378,288 |
| | 91,051 |
| | 275,629 |
| | 33,294 |
| | | | 778,262 |
| Total | $ | 392,104 |
| | $ | 92,589 |
| | $ | 289,931 |
| | $ | 33,413 |
| | | | $ | 808,037 |
|
|
| Credit quality indicators for commercial and agricultural credit exposures |
The following table displays the credit quality indicators for commercial and agricultural credit exposures based on internally assigned credit ratings as of December 31: | | | | | | | | | | | | | | | | | | | | | | | | | | 2013 | | Commercial | | Agricultural |
| Real Estate | | Other | | Total | | Real Estate | | Other | | Total | Rating | | | | | | | | | | |
| 2 - High quality | $ | 18,671 |
| | $ | 14,461 |
| | $ | 33,132 |
| | $ | 3,527 |
| | $ | 3,235 |
| | $ | 6,762 |
| 3 - High satisfactory | 91,323 |
| | 39,403 |
| | 130,726 |
| | 26,015 |
| | 17,000 |
| | 43,015 |
| 4 - Low satisfactory | 149,921 |
| | 43,809 |
| | 193,730 |
| | 26,874 |
| | 10,902 |
| | 37,776 |
| 5 - Special mention | 13,747 |
| | 1,843 |
| | 15,590 |
| | 1,609 |
| | 922 |
| | 2,531 |
| 6 - Substandard | 16,974 |
| | 473 |
| | 17,447 |
| | 1,232 |
| | 1,273 |
| | 2,505 |
| 7 - Vulnerable | 1,041 |
| | 238 |
| | 1,279 |
| | — |
| | — |
| | — |
| 8 - Doubtful | 183 |
| | 17 |
| | 200 |
| | — |
| | — |
| | — |
| Total | $ | 291,860 |
| | $ | 100,244 |
| | $ | 392,104 |
| | $ | 59,257 |
| | $ | 33,332 |
| | $ | 92,589 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | 2012 | | Commercial | | Agricultural |
| Real Estate | | Other | | Total | | Real Estate | | Other | | Total | Rating | | | | | | | | | | | | 2 - High quality | $ | 25,209 |
| | $ | 15,536 |
| | $ | 40,745 |
| | $ | 2,955 |
| | $ | 2,313 |
| | $ | 5,268 |
| 3 - High satisfactory | 83,805 |
| | 28,974 |
| | 112,779 |
| | 16,972 |
| | 11,886 |
| | 28,858 |
| 4 - Low satisfactory | 127,423 |
| | 45,143 |
| | 172,566 |
| | 27,291 |
| | 15,437 |
| | 42,728 |
| 5 - Special mention | 16,046 |
| | 1,692 |
| | 17,738 |
| | 1,008 |
| | 3,191 |
| | 4,199 |
| 6 - Substandard | 20,029 |
| | 2,224 |
| | 22,253 |
| | 1,167 |
| | 1,217 |
| | 2,384 |
| 7 - Vulnerable | 1,512 |
| | 2,294 |
| | 3,806 |
| | — |
| | — |
| | — |
| 8 - Doubtful | 1,596 |
| | 22 |
| | 1,618 |
| | — |
| | 169 |
| | 169 |
| Total | $ | 275,620 |
| | $ | 95,885 |
| | $ | 371,505 |
| | $ | 49,393 |
| | $ | 34,213 |
| | $ | 83,606 |
|
|
| Credit quality indicators for residential real estate and consumer loans is the individual loan's past due aging |
The following tables summarize the past due and current loans as of December 31: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2013 | | Accruing Interest
and Past Due: | | | | Total Past Due and Nonaccrual | | | | |
| 30-59
Days | | 60-89
Days | | 90 Days
or More | | Nonaccrual | | | Current | | Total | Commercial | | | | | | | | | | | | | | Commercial real estate | $ | 1,226 |
| | $ | 296 |
| | $ | — |
| | $ | 1,136 |
| | $ | 2,658 |
| | $ | 289,202 |
| | $ | 291,860 |
| Commercial other | 368 |
| | 15 |
| | 13 |
| | 238 |
| | 634 |
| | 99,610 |
| | 100,244 |
| Total commercial | 1,594 |
| | 311 |
| | 13 |
| | 1,374 |
| | 3,292 |
| | 388,812 |
| | 392,104 |
| Agricultural | | | | | | | | | | | | | | Agricultural real estate | 34 |
| | 295 |
| | — |
| | — |
| | 329 |
| | 58,928 |
| | 59,257 |
| Agricultural other | — |
| | — |
| | — |
| | — |
| | — |
| | 33,332 |
| | 33,332 |
| Total agricultural | 34 |
| | 295 |
| | — |
| | — |
| | 329 |
| | 92,260 |
| | 92,589 |
| Residential real estate | | | | | | | | | | | | | | Senior liens | 3,441 |
| | 986 |
| | 129 |
| | 1,765 |
| | 6,321 |
| | 229,865 |
| | 236,186 |
| Junior liens | 408 |
| | 44 |
| | — |
| | 29 |
| | 481 |
| | 13,074 |
| | 13,555 |
| Home equity lines of credit | 181 |
| | — |
| | — |
| | 25 |
| | 206 |
| | 39,984 |
| | 40,190 |
| Total residential real estate | 4,030 |
| | 1,030 |
| | 129 |
| | 1,819 |
| | 7,008 |
| | 282,923 |
| | 289,931 |
| Consumer | | | | | | | | | | | | | | Secured | 167 |
| | 11 |
| | — |
| | 50 |
| | 228 |
| | 28,444 |
| | 28,672 |
| Unsecured | 25 |
| | 5 |
| | — |
| | 1 |
| | 31 |
| | 4,710 |
| | 4,741 |
| Total consumer | 192 |
| | 16 |
| | — |
| | 51 |
| | 259 |
| | 33,154 |
| | 33,413 |
| Total | $ | 5,850 |
| | $ | 1,652 |
| | $ | 142 |
| | $ | 3,244 |
| | $ | 10,888 |
| | $ | 797,149 |
| | $ | 808,037 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2012 | | Accruing Interest
and Past Due: | | | | Total Past Due and Nonaccrual | | | | |
| 30-59
Days | | 60-89
Days | | 90 Days
or More | | Nonaccrual | | | Current | | Total | Commercial | | | | | | | | | | | | | | Commercial real estate | $ | 1,304 |
| | $ | 161 |
| | $ | 63 |
| | $ | 2,544 |
| | $ | 4,072 |
| | $ | 271,548 |
| | $ | 275,620 |
| Commercial other | 606 |
| | — |
| | 40 |
| | 2,294 |
| | 2,940 |
| | 92,945 |
| | 95,885 |
| Total commercial | 1,910 |
| | 161 |
| | 103 |
| | 4,838 |
| | 7,012 |
| | 364,493 |
| | 371,505 |
| Agricultural | | | | | | | | | | | | | | Agricultural real estate | — |
| | — |
| | — |
| | — |
| | — |
| | 49,393 |
| | 49,393 |
| Agricultural other | 90 |
| | — |
| | — |
| | 169 |
| | 259 |
| | 33,954 |
| | 34,213 |
| Total agricultural | 90 |
| | — |
| | — |
| | 169 |
| | 259 |
| | 83,347 |
| | 83,606 |
| Residential real estate | | | | | | | | | | | | | | Senior liens | 2,000 |
| | 346 |
| | 320 |
| | 2,064 |
| | 4,730 |
| | 223,532 |
| | 228,262 |
| Junior liens | 232 |
| | — |
| | — |
| | 50 |
| | 282 |
| | 16,207 |
| | 16,489 |
| Home equity lines of credit | 237 |
| | — |
| | — |
| | 182 |
| | 419 |
| | 38,978 |
| | 39,397 |
| Total residential real estate | 2,469 |
| | 346 |
| | 320 |
| | 2,296 |
| | 5,431 |
| | 278,717 |
| | 284,148 |
| Consumer | | | | | | | | | | | | | | Secured | 127 |
| | 33 |
| | 4 |
| | — |
| | 164 |
| | 28,118 |
| | 28,282 |
| Unsecured | 31 |
| | 3 |
| | 1 |
| | — |
| | 35 |
| | 5,177 |
| | 5,212 |
| Total consumer | 158 |
| | 36 |
| | 5 |
| | — |
| | 199 |
| | 33,295 |
| | 33,494 |
| Total | $ | 4,627 |
| | $ | 543 |
| | $ | 428 |
| | $ | 7,303 |
| | $ | 12,901 |
| | $ | 759,852 |
| | $ | 772,753 |
|
|
| Information pertaining to impaired loans |
The following is a summary of information pertaining to impaired loans as of, and for the years ended, December 31: | | | | | | | | | | | | | | | | | | | | | | 2013 | | Outstanding Balance | | Unpaid Principal Balance | | Valuation Allowance | | Average Outstanding Balance | | Interest Income Recognized | Impaired loans with a valuation allowance | | | | | | | | | | Commercial real estate | $ | 6,748 |
| | $ | 6,888 |
| | $ | 1,915 |
| | $ | 7,256 |
| | $ | 400 |
| Commercial other | 521 |
| | 521 |
| | 120 |
| | 879 |
| | 51 |
| Agricultural real estate | 90 |
| | 90 |
| | 30 |
| | 91 |
| | 4 |
| Agricultural other | — |
| | — |
| | — |
| | 53 |
| | — |
| Residential real estate senior liens | 14,061 |
| | 15,315 |
| | 2,278 |
| | 11,111 |
| | 442 |
| Residential real estate junior liens | 48 |
| | 64 |
| | 9 |
| | 80 |
| | 2 |
| Total impaired loans with a valuation allowance | 21,468 |
| | 22,878 |
| | 4,352 |
| | 19,470 |
| | 899 |
| Impaired loans without a valuation allowance | | | | | | | | | | Commercial real estate | 5,622 |
| | 6,499 |
| | | | 4,312 |
| | 337 |
| Commercial other | 925 |
| | 1,035 |
| | | | 989 |
| | 83 |
| Agricultural real estate | 1,370 |
| | 1,370 |
| | | | 320 |
| | 28 |
| Agricultural other | 78 |
| | 198 |
| | | | 357 |
| | (7 | ) | Home equity lines of credit | 193 |
| | 493 |
| | | | 180 |
| | 16 |
| Consumer secured | 119 |
| | 148 |
| | | | 72 |
| | 2 |
| Total impaired loans without a valuation allowance | 8,307 |
| | 9,743 |
| | | | 6,230 |
| | 459 |
| Impaired loans | | | | | | | | | | Commercial | 13,816 |
| | 14,943 |
| | 2,035 |
| | 13,436 |
| | 871 |
| Agricultural | 1,538 |
| | 1,658 |
| | 30 |
| | 821 |
| | 25 |
| Residential real estate | 14,302 |
| | 15,872 |
| | 2,287 |
| | 11,371 |
| | 460 |
| Consumer | 119 |
| | 148 |
| | — |
| | 72 |
| | 2 |
| Total impaired loans | $ | 29,775 |
| | $ | 32,621 |
| | $ | 4,352 |
| | $ | 25,700 |
| | $ | 1,358 |
|
| | | | | | | | | | | | | | | | | | | | | | 2012 | | Outstanding Balance | | Unpaid Principal Balance | | Valuation Allowance | | Average Outstanding Balance | | Interest Income Recognized | Impaired loans with a valuation allowance | | | | | | | | | | Commercial real estate | $ | 7,295 |
| | $ | 7,536 |
| | $ | 1,653 |
| | $ | 6,155 |
| | $ | 237 |
| Commercial other | 2,140 |
| | 2,140 |
| | 397 |
| | 1,437 |
| | 93 |
| Agricultural real estate | 91 |
| | 91 |
| | 32 |
| | 413 |
| | — |
| Agricultural other | 420 |
| | 420 |
| | 59 |
| | 1,555 |
| | 54 |
| Residential real estate senior liens | 10,450 |
| | 11,672 |
| | 1,783 |
| | 8,861 |
| | 406 |
| Residential real estate junior liens | 72 |
| | 118 |
| | 13 |
| | 134 |
| | 6 |
| Total impaired loans with a valuation allowance | 20,468 |
| | 21,977 |
| | 3,937 |
| | 18,555 |
| | 796 |
| Impaired loans without a valuation allowance | | | | | | | | | | Commercial real estate | 3,749 |
| | 4,408 |
| | | | 5,867 |
| | 321 |
| Commercial other | 1,272 |
| | 1,433 |
| | | | 819 |
| | 87 |
| Agricultural real estate | — |
| | — |
| | | | 183 |
| | — |
| Agricultural other | 212 |
| | 332 |
| | | | 201 |
| | 4 |
| Home equity lines of credit | 182 |
| | 482 |
| | | | 190 |
| | 16 |
| Consumer secured | 75 |
| | 84 |
| | | | 90 |
| | 6 |
| Total impaired loans without a valuation allowance | 5,490 |
| | 6,739 |
| | | | 7,350 |
| | 434 |
| Impaired loans | | | | | | | | | | Commercial | 14,456 |
| | 15,517 |
| | 2,050 |
| | 14,278 |
| | 738 |
| Agricultural | 723 |
| | 843 |
| | 91 |
| | 2,352 |
| | 58 |
| Residential real estate | 10,704 |
| | 12,272 |
| | 1,796 |
| | 9,185 |
| | 428 |
| Consumer | 75 |
| | 84 |
| | — |
| | 90 |
| | 6 |
| Total impaired loans | $ | 25,958 |
| | $ | 28,716 |
| | $ | 3,937 |
| | $ | 25,905 |
| | $ | 1,230 |
|
|
| Information pertaining to TDR's |
The following is a summary of information pertaining to TDRs granted in the years ended December 31: | | | | | | | | | | | | | | | | | | | | | | | | 2013 | | 2012 | | Number of Loans | | Pre-Modification Recorded Investment | | Post-Modification Recorded Investment | | Number of Loans | | Pre-Modification Recorded Investment | | Post-Modification Recorded Investment | Commercial | | | | | | | | | | | | Commercial real estate | — |
| | $ | — |
| | $ | — |
| | 1 |
| | $ | 912 |
| | $ | 792 |
| Commercial other | 18 |
| | 5,299 |
| | 5,103 |
| | 28 |
| | 6,437 |
| | 6,437 |
| Total commercial | 18 |
| | 5,299 |
| | 5,103 |
| | 29 |
| | 7,349 |
| | 7,229 |
| Agricultural other | 4 |
| | 1,379 |
| | 1,379 |
| | 7 |
| | 652 |
| | 652 |
| Residential real estate | | | | | | | | | | | | Senior liens | 55 |
| | 6,069 |
| | 6,053 |
| | 29 |
| | 3,463 |
| | 3,463 |
| Junior liens | 1 |
| | 20 |
| | 20 |
| | 1 |
| | 22 |
| | 22 |
| Total residential real estate | 56 |
| | 6,089 |
| | 6,073 |
| | 30 |
| | 3,485 |
| | 3,485 |
| Consumer | | | | | | | | | | | | Secured | 1 |
| | 27 |
| | 27 |
| | 1 |
| | — |
| | — |
| Unsecured | 2 |
| | 34 |
| | 34 |
| | — |
| | — |
| | — |
| Total consumer | 3 |
| | 61 |
| | 61 |
| | 1 |
| | — |
| | — |
| Total | 81 |
| | $ | 12,828 |
| | $ | 12,616 |
| | 67 |
| | $ | 11,486 |
| | $ | 11,366 |
|
The following tables summarize concessions we granted to borrowers in financial difficulty in the years ended December 31: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2013 | | 2012 |
| Below Market Interest Rate | | Below Market Interest Rate and Extension of Amortization Period | | Below Market Interest Rate | | Below Market Interest Rate and Extension of Amortization Period | | Number of Loans | | Pre-Modification Recorded Investment | | Number of Loans | | Pre-Modification Recorded Investment | | Number of Loans | | Pre-Modification Recorded Investment | | Number of Loans | | Pre-Modification Recorded Investment | Commercial | | | | | | | | | | | | | | | | Commercial real estate | — |
| | $ | — |
| | — |
| | $ | — |
| | — |
| | $ | — |
| | 1 |
| | $ | 912 |
| Commercial other | 12 |
| | 3,070 |
| | 6 |
| | 2,229 |
| | 25 |
| | 4,924 |
| | 3 |
| | 1,513 |
| Total commercial | 12 |
| | 3,070 |
| | 6 |
| | 2,229 |
| | 25 |
| | 4,924 |
| | 4 |
| | 2,425 |
| Agricultural other | 4 |
| | 1,379 |
| | — |
| | — |
| | 6 |
| | 561 |
| | 1 |
| | 91 |
| Residential real estate | | | | | | | | | | | | | | | | Senior liens | 24 |
| | 1,904 |
| | 31 |
| | 4,165 |
| | 17 |
| | 1,779 |
| | 12 |
| | 1,684 |
| Junior liens | — |
| | — |
| | 1 |
| | 20 |
| | — |
| | — |
| | 1 |
| | 22 |
| Total residential real estate | 24 |
| | 1,904 |
| | 32 |
| | 4,185 |
| | 17 |
| | 1,779 |
| | 13 |
| | 1,706 |
| Consumer | | | | | | | | | | | | | | | | Secured | 1 |
| | 27 |
| | — |
| | — |
| | 1 |
| | — |
| | — |
| | — |
| Unsecured | 1 |
| | 16 |
| | 1 |
| | 18 |
| | — |
| | — |
| | — |
| | — |
| Total Consumer | 2 |
| | 43 |
| | 1 |
| | 18 |
| | 1 |
| | — |
| | — |
| | — |
| Total | 42 |
| | $ | 6,396 |
| | 39 |
| | $ | 6,432 |
| | 49 |
| | $ | 7,264 |
| | 18 |
| | $ | 4,222 |
|
|
| Summary of defaulted loans |
Following is a summary of loans that defaulted in the years ended December 31, which were modified within 12 months prior to the default date: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2013 | | 2012 | | Number of Loans | | Pre-
Default
Recorded
Investment | | Charge-off Recorded Upon Default | | Post-
Default
Recorded
Investment | | Number of Loans | | Pre-
Default
Recorded
Investment | | Charge-off Recorded Upon Default | | Post-
Default
Recorded
Investment | Commercial other | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | 5 |
| | $ | 342 |
| | $ | 143 |
| | $ | 199 |
| Residential real estate senior liens | 1 |
| | 62 |
| | 11 |
| | 51 |
| | 1 |
| | 47 |
| | 43 |
| | 4 |
| Consumer secured | — |
| | — |
| | — |
| | — |
| | 1 |
| | 8 |
| | 8 |
| | — |
| Consumer unsecured | 1 |
| | 16 |
| | 16 |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total | 2 |
| | $ | 78 |
| | $ | 27 |
| | $ | 51 |
| | 7 |
| | $ | 397 |
| | $ | 194 |
| | $ | 203 |
|
|
| Summary of TDR loan balances |
The following is a summary of TDR loan balances as of December 31: | | | | | | | | | | 2013 | | 2012 | TDRs | $ | 25,865 |
| | $ | 19,355 |
|
|