Loans (Tables)
|
12 Months Ended |
Dec. 31, 2015 |
|---|
| Loans [Abstract] |
|
| Schedule of Accounts, Notes, Loans and Financing Receivable |
Loans consist of the following:
|
|
|
|
|
|
|
(dollars in thousands)
|
|
December 31, 2015
|
|
December 31, 2014
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$ 613,479
|
|
$ 561,080
|
|
Residential first mortgages
|
|
149,967
|
|
152,837
|
|
Construction and land development
|
|
36,189
|
|
36,370
|
|
Home equity and second mortgages
|
|
21,716
|
|
21,452
|
|
Commercial loans
|
|
67,246
|
|
73,625
|
|
Consumer loans
|
|
366
|
|
613
|
|
Commercial equipment
|
|
29,931
|
|
26,152
|
|
|
|
918,894
|
|
872,129
|
|
Less:
|
|
|
|
|
|
Deferred loan fees
|
|
1,154
|
|
1,239
|
|
Allowance for loan losses
|
|
8,540
|
|
8,481
|
|
|
|
9,694
|
|
9,720
|
|
|
|
|
|
|
|
|
|
$ 909,200
|
|
$ 862,409
|
|
| Schedule of Financing Receivables, Non-Accrual Status |
Non-accrual loans as of December 31, 2015 and December 31, 2014 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015
|
|
(dollars in thousands)
|
|
90 or Greater
Days Delinquent
|
|
Number
of Loans
|
|
Non-accrual Only Loans
|
|
Number
of Loans
|
|
Total
Non-accrual Loans
|
|
Total Number
of Loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$ 3,480
|
|
11
|
|
$ -
|
|
-
|
|
$ 3,480
|
|
11
|
|
Residential first mortgages
|
|
1,948
|
|
7
|
|
-
|
|
-
|
|
1,948
|
|
7
|
|
Construction and land development
|
|
3,555
|
|
3
|
|
-
|
|
-
|
|
3,555
|
|
3
|
|
Home equity and second mortgages
|
|
48
|
|
3
|
|
-
|
|
-
|
|
48
|
|
3
|
|
Commercial loans
|
|
1,361
|
|
8
|
|
693
|
|
2
|
|
2,054
|
|
10
|
|
Commercial equipment
|
|
348
|
|
4
|
|
-
|
|
-
|
|
348
|
|
4
|
|
|
|
$ 10,740
|
|
36
|
|
$ 693
|
|
2
|
|
$ 11,433
|
|
38
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2014
|
|
(dollars in thousands)
|
|
90 or Greater
Days Delinquent
|
|
Number
of Loans
|
|
Non-accrual Only Loans
|
|
Number
of Loans
|
|
Total
Non-accrual Loans
|
|
Total Number
of Loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$ 3,824
|
|
11
|
|
$ -
|
|
-
|
|
$ 3,824
|
|
11
|
|
Residential first mortgages
|
|
533
|
|
2
|
|
-
|
|
-
|
|
533
|
|
2
|
|
Construction and land development
|
|
3,634
|
|
2
|
|
-
|
|
-
|
|
3,634
|
|
2
|
|
Home equity and second mortgages
|
|
399
|
|
6
|
|
-
|
|
-
|
|
399
|
|
6
|
|
Commercial loans
|
|
1,587
|
|
6
|
|
-
|
|
-
|
|
1,587
|
|
6
|
|
Commercial equipment
|
|
286
|
|
4
|
|
-
|
|
-
|
|
286
|
|
4
|
|
|
|
$ 10,263
|
|
31
|
|
$ -
|
|
-
|
|
$ 10,263
|
|
31
|
|
| Allowance for Credit Losses on Financing Receivables |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollars in thousands)
|
|
Commercial
Real Estate
|
|
Residential First Mortgage
|
|
Construction and Land
Development
|
|
Home Equity and Second Mtg.
|
|
Commercial Loans
|
|
Consumer
Loans
|
|
Commercial Equipment
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At and For the Year Ended December 31, 2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at January 1,
|
|
$ 4,076
|
|
$ 1,092
|
|
$ 1,071
|
|
$ 173
|
|
$ 1,677
|
|
$ 3
|
|
$ 389
|
|
$ 8,481
|
|
Charge-offs
|
|
(78)
|
|
(30)
|
|
-
|
|
(100)
|
|
(432)
|
|
-
|
|
(818)
|
|
(1,458)
|
|
Recoveries
|
|
17
|
|
1
|
|
32
|
|
-
|
|
11
|
|
-
|
|
23
|
|
84
|
|
Provisions
|
|
(133)
|
|
(358)
|
|
-
|
|
69
|
|
221
|
|
(1)
|
|
1,635
|
|
1,433
|
|
Balance at December 31,
|
|
$ 3,882
|
|
$ 705
|
|
$ 1,103
|
|
$ 142
|
|
$ 1,477
|
|
$ 2
|
|
$ 1,229
|
|
$ 8,540
|
|
Ending balance: individually
evaluated for impairment
|
|
$ 602
|
|
$ 66
|
|
$ 471
|
|
$ -
|
|
$ 330
|
|
$ -
|
|
$ 139
|
|
$ 1,608
|
|
Ending balance: collectively
evaluated for impairment
|
|
$ 3,280
|
|
$ 639
|
|
$ 632
|
|
$ 142
|
|
$ 1,147
|
|
$ 2
|
|
$ 1,090
|
|
$ 6,932
|
|
Loan receivables:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$ 613,479
|
|
$ 149,967
|
|
$ 36,189
|
|
$ 21,716
|
|
$ 67,246
|
|
$ 366
|
|
$ 29,931
|
|
$ 918,894
|
|
Ending balance: individually
evaluated for impairment
|
|
$ 25,001
|
|
$ 4,746
|
|
$ 4,284
|
|
$ 154
|
|
$ 4,575
|
|
$ -
|
|
$ 477
|
|
$ 39,237
|
|
Ending balance: collectively
evaluated for impairment
|
|
$ 588,478
|
|
$ 145,221
|
|
$ 31,905
|
|
$ 21,562
|
|
$ 62,671
|
|
$ 366
|
|
$ 29,454
|
|
$ 879,657
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollars in thousands)
|
|
Commercial
Real Estate
|
|
Residential First Mortgage
|
|
Construction and Land Development
|
|
Home Equity and Second Mtg.
|
|
Commercial Loans
|
|
Consumer
Loans
|
|
Commercial Equipment
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At and For the Year Ended December 31, 2014
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at January 1,
|
|
$ 3,525
|
|
$ 1,401
|
|
$ 584
|
|
$ 249
|
|
$ 1,916
|
|
$ 10
|
|
$ 453
|
|
$ 8,138
|
|
Charge-offs
|
|
(350)
|
|
(94)
|
|
(992)
|
|
(59)
|
|
(1,134)
|
|
(3)
|
|
(10)
|
|
(2,642)
|
|
Recoveries
|
|
11
|
|
186
|
|
84
|
|
10
|
|
5
|
|
11
|
|
25
|
|
332
|
|
Provisions
|
|
890
|
|
(401)
|
|
1,395
|
|
(27)
|
|
890
|
|
(15)
|
|
(79)
|
|
2,653
|
|
Balance at December 31,
|
|
$ 4,076
|
|
$ 1,092
|
|
$ 1,071
|
|
$ 173
|
|
$ 1,677
|
|
$ 3
|
|
$ 389
|
|
$ 8,481
|
|
Ending balance: individually
evaluated for impairment
|
|
$ 97
|
|
$ 76
|
|
$ -
|
|
$ -
|
|
$ 155
|
|
$ -
|
|
$ 123
|
|
$ 451
|
|
Ending balance: collectively
evaluated for impairment
|
|
$ 3,979
|
|
$ 1,016
|
|
$ 1,071
|
|
$ 173
|
|
$ 1,522
|
|
$ 3
|
|
$ 266
|
|
$ 8,030
|
|
Loan receivables:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$ 561,080
|
|
$ 152,837
|
|
$ 36,370
|
|
$ 21,452
|
|
$ 73,625
|
|
$ 613
|
|
$ 26,152
|
|
$ 872,129
|
|
Ending balance: individually
evaluated for impairment
|
|
$ 31,529
|
|
$ 3,407
|
|
$ 6,102
|
|
$ 649
|
|
$ 7,436
|
|
$ -
|
|
$ 586
|
|
$ 49,709
|
|
Ending balance: collectively
evaluated for impairment
|
|
$ 529,551
|
|
$ 149,430
|
|
$ 30,268
|
|
$ 20,803
|
|
$ 66,189
|
|
$ 613
|
|
$ 25,566
|
|
$ 822,420
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollars in thousands)
|
|
Commercial
Real Estate
|
|
Residential First Mortgage
|
|
Construction and Land
Development
|
|
Home Equity and Second Mtg.
|
|
Commercial Loans
|
|
Consumer
Loans
|
|
Commercial Equipment
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At and For the Year Ended December 31, 2013
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at January 1,
|
|
$ 4,092
|
|
$ 1,083
|
|
$ 533
|
|
$ 280
|
|
$ 1,948
|
|
$ 19
|
|
$ 292
|
|
$ 8,247
|
|
Charge-offs
|
|
(140)
|
|
(348)
|
|
(36)
|
|
(111)
|
|
(480)
|
|
(12)
|
|
(35)
|
|
(1,162)
|
|
Recoveries
|
|
-
|
|
11
|
|
1
|
|
17
|
|
23
|
|
3
|
|
58
|
|
113
|
|
Provisions
|
|
(427)
|
|
655
|
|
86
|
|
63
|
|
425
|
|
-
|
|
138
|
|
940
|
|
Balance at December 31,
|
|
$ 3,525
|
|
$ 1,401
|
|
$ 584
|
|
$ 249
|
|
$ 1,916
|
|
$ 10
|
|
$ 453
|
|
$ 8,138
|
|
Ending balance: individually
evaluated for impairment
|
|
$ 372
|
|
$ 171
|
|
$ 55
|
|
$ -
|
|
$ 304
|
|
$ -
|
|
$ 83
|
|
$ 985
|
|
Ending balance: collectively
evaluated for impairment
|
|
$ 3,153
|
|
$ 1,230
|
|
$ 529
|
|
$ 249
|
|
$ 1,612
|
|
$ 10
|
|
$ 370
|
|
$ 7,153
|
|
Loan receivables:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$ 476,648
|
|
$ 159,147
|
|
$ 32,001
|
|
$ 21,692
|
|
$ 94,176
|
|
$ 838
|
|
$ 23,738
|
|
$ 808,240
|
|
Ending balance: individually
evaluated for impairment
|
|
$ 18,173
|
|
$ 3,401
|
|
$ 5,666
|
|
$ 207
|
|
$ 10,218
|
|
$ 24
|
|
$ 317
|
|
$ 38,006
|
|
Ending balance: collectively
evaluated for impairment
|
|
$ 458,475
|
|
$ 155,746
|
|
$ 26,335
|
|
$ 21,485
|
|
$ 83,958
|
|
$ 814
|
|
$ 23,421
|
|
$ 770,234
|
C
|
| Past Due Financing Receivables |
An analysis of past due loans as of December 31, 2015 and 2014 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015
|
|
(dollars in thousands)
|
|
Current
|
|
31-60
Days
|
|
61-89
Days
|
|
90 or Greater
Days
|
|
Total
Past Due
|
|
Total
Loan
Receivables
|
|
Commercial real estate
|
|
$ 609,999
|
|
$ -
|
|
$ -
|
|
$ 3,480
|
|
$ 3,480
|
|
$ 613,479
|
|
Residential first mortgages
|
|
147,720
|
|
-
|
|
299
|
|
1,948
|
|
2,247
|
|
149,967
|
|
Construction and land dev.
|
|
32,634
|
|
-
|
|
-
|
|
3,555
|
|
3,555
|
|
36,189
|
|
Home equity and second mtg.
|
|
21,603
|
|
65
|
|
-
|
|
48
|
|
113
|
|
21,716
|
|
Commercial loans
|
|
65,747
|
|
-
|
|
138
|
|
1,361
|
|
1,499
|
|
67,246
|
|
Consumer loans
|
|
365
|
|
-
|
|
1
|
|
-
|
|
1
|
|
366
|
|
Commercial equipment
|
|
29,138
|
|
152
|
|
293
|
|
348
|
|
793
|
|
29,931
|
|
Total
|
|
$ 907,206
|
|
$ 217
|
|
$ 731
|
|
$ 10,740
|
|
$ 11,688
|
|
$ 918,894
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2014
|
|
(dollars in thousands)
|
|
Current
|
|
31-60
Days
|
|
61-89
Days
|
|
90 or Greater
Days
|
|
Total
Past Due
|
|
Total
Loan
Receivables
|
|
Commercial real estate
|
|
$ 556,584
|
|
$ -
|
|
$ 672
|
|
$ 3,824
|
|
$ 4,496
|
|
$ 561,080
|
|
Residential first mortgages
|
|
151,375
|
|
133
|
|
796
|
|
533
|
|
1,462
|
|
152,837
|
|
Construction and land dev.
|
|
32,736
|
|
-
|
|
-
|
|
3,634
|
|
3,634
|
|
36,370
|
|
Home equity and second mtg.
|
|
20,939
|
|
90
|
|
24
|
|
399
|
|
513
|
|
21,452
|
|
Commercial loans
|
|
71,952
|
|
86
|
|
-
|
|
1,587
|
|
1,673
|
|
73,625
|
|
Consumer loans
|
|
612
|
|
1
|
|
-
|
|
-
|
|
1
|
|
613
|
|
Commercial equipment
|
|
25,848
|
|
17
|
|
1
|
|
286
|
|
304
|
|
26,152
|
|
Total
|
|
$ 860,046
|
|
$ 327
|
|
$ 1,493
|
|
$ 10,263
|
|
$ 12,083
|
|
$ 872,129
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Financing Receivable Recorded Investment Credit Quality Indicator |
Credit quality indicators as of December 31, 2015 and 2014 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Risk Profile by Internally Assigned Grade
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Real Estate
|
|
Construction and Land Dev.
|
|
|
|
|
|
(dollars in thousands)
|
|
12/31/2015
|
|
12/31/2014
|
|
12/31/2015
|
|
12/31/2014
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrated
|
|
$ 70,661
|
|
$ 74,955
|
|
$ 4,399
|
|
$ 3,108
|
|
|
|
|
|
Pass
|
|
519,330
|
|
451,256
|
|
27,507
|
|
27,160
|
|
|
|
|
|
Special mention
|
|
1,095
|
|
4,383
|
|
-
|
|
-
|
|
|
|
|
|
Substandard
|
|
22,393
|
|
30,486
|
|
3,845
|
|
6,102
|
|
|
|
|
|
Doubtful
|
|
-
|
|
-
|
|
438
|
|
-
|
|
|
|
|
|
Loss
|
|
-
|
|
-
|
|
-
|
|
-
|
|
|
|
|
|
Total
|
|
$ 613,479
|
|
$ 561,080
|
|
$ 36,189
|
|
$ 36,370
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Loans
|
|
Commercial Equipment
|
|
|
|
|
|
(dollars in thousands)
|
|
12/31/2015
|
|
12/31/2014
|
|
12/31/2015
|
|
12/31/2014
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrated
|
|
$ 11,281
|
|
$ 12,296
|
|
$ 10,074
|
|
$ 7,173
|
|
|
|
|
|
Pass
|
|
51,569
|
|
53,844
|
|
19,610
|
|
18,517
|
|
|
|
|
|
Special mention
|
|
-
|
|
49
|
|
-
|
|
-
|
|
|
|
|
|
Substandard
|
|
4,110
|
|
7,436
|
|
110
|
|
462
|
|
|
|
|
|
Doubtful
|
|
286
|
|
-
|
|
137
|
|
-
|
|
|
|
|
|
Loss
|
|
-
|
|
-
|
|
-
|
|
-
|
|
|
|
|
|
Total
|
|
$ 67,246
|
|
$ 73,625
|
|
$ 29,931
|
|
$ 26,152
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Risk Profile Based on Payment Activity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential First Mortgages
|
|
Home Equity and Second Mtg.
|
|
Consumer Loans
|
|
(dollars in thousands)
|
|
12/31/2015
|
|
12/31/2014
|
|
12/31/2015
|
|
12/31/2014
|
|
12/31/2015
|
|
12/31/2014
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing
|
|
$ 148,019
|
|
$ 152,304
|
|
$ 21,668
|
|
$ 21,053
|
|
$ 366
|
|
$ 613
|
|
Nonperforming
|
|
1,948
|
|
533
|
|
48
|
|
399
|
|
-
|
|
-
|
|
Total
|
|
$ 149,967
|
|
$ 152,837
|
|
$ 21,716
|
|
$ 21,452
|
|
$ 366
|
|
$ 613
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Summary of Total Classified Loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollars in thousands)
|
|
12/31/2015
|
|
12/31/2014
|
|
|
|
|
|
|
|
By Internally Assigned Grade
|
|
$ 31,319
|
|
$ 44,486
|
|
|
|
|
|
|
|
By Payment Activity
|
|
1,485
|
|
2,249
|
|
|
|
|
|
|
|
Total Classified
|
|
$ 32,804
|
|
$ 46,735
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Impaired Financing Receivables |
Impaired Loans and Troubled Debt Restructures (“TDRs”)
Impaired loans, including TDRs, at December 31, 2015 and 2014 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015
|
|
(dollars in thousands)
|
|
Unpaid Contractual Principal Balance
|
|
Recorded Investment With No Allowance
|
|
Recorded Investment With Allowance
|
|
Total
Recorded Investment
|
|
Related Allowance
|
|
Average Recorded Investment
|
|
Interest Income Recognized
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$ 25,429
|
|
$ 22,634
|
|
$ 2,367
|
|
$ 25,001
|
|
$ 602
|
|
$ 25,655
|
|
$ 908
|
|
Residential first mortgages
|
|
4,747
|
|
4,070
|
|
676
|
|
4,746
|
|
66
|
|
4,807
|
|
177
|
|
Construction and land dev.
|
|
4,283
|
|
3,780
|
|
504
|
|
4,284
|
|
471
|
|
4,302
|
|
13
|
|
Home equity and second mtg.
|
|
154
|
|
154
|
|
-
|
|
154
|
|
-
|
|
163
|
|
8
|
|
Commercial loans
|
|
4,775
|
|
4,195
|
|
380
|
|
4,575
|
|
330
|
|
4,524
|
|
251
|
|
Commercial equipment
|
|
518
|
|
338
|
|
139
|
|
477
|
|
139
|
|
491
|
|
9
|
|
Total
|
|
$ 39,906
|
|
$ 35,171
|
|
$ 4,066
|
|
$ 39,237
|
|
$ 1,608
|
|
$ 39,942
|
|
$ 1,366
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2014
|
|
(dollars in thousands)
|
|
Unpaid Contractual Principal Balance
|
|
Recorded Investment With No Allowance
|
|
Recorded Investment With Allowance
|
|
Total
Recorded Investment
|
|
Related Allowance
|
|
Average Recorded Investment
|
|
Interest Income Recognized
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$ 31,812
|
|
$ 28,907
|
|
$ 2,622
|
|
$ 31,529
|
|
$ 97
|
|
$ 31,672
|
|
$ 1,258
|
|
Residential first mortgages
|
|
3,407
|
|
2,526
|
|
881
|
|
3,407
|
|
76
|
|
3,426
|
|
155
|
|
Construction and land dev.
|
|
6,402
|
|
6,102
|
|
-
|
|
6,102
|
|
-
|
|
6,474
|
|
133
|
|
Home equity and second mtg.
|
|
708
|
|
649
|
|
-
|
|
649
|
|
-
|
|
630
|
|
19
|
|
Commercial loans
|
|
7,587
|
|
7,030
|
|
406
|
|
7,436
|
|
155
|
|
7,196
|
|
252
|
|
Commercial equipment
|
|
605
|
|
373
|
|
213
|
|
586
|
|
123
|
|
623
|
|
23
|
|
Total
|
|
$ 50,521
|
|
$ 45,587
|
|
$ 4,122
|
|
$ 49,709
|
|
$ 451
|
|
$ 50,021
|
|
$ 1,840
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Troubled Debt Restructurings on Financing Receivables |
TDRs, included in the impaired loan schedules above, as of December 31, 2015 and 2014 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015
|
|
December 31, 2014
|
|
(dollars in thousands)
|
|
Dollars
|
|
Number
of Loans
|
|
Dollars
|
|
Number
of Loans
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$ 11,897
|
|
13
|
|
$ 10,438
|
|
9
|
|
Residential first mortgages
|
|
881
|
|
3
|
|
906
|
|
3
|
|
Construction and land development
|
|
4,283
|
|
5
|
|
4,376
|
|
4
|
|
Commercial loans
|
|
1,384
|
|
7
|
|
2,262
|
|
6
|
|
Commercial equipment
|
|
123
|
|
2
|
|
154
|
|
2
|
|
Total TDRs
|
|
$ 18,568
|
|
30
|
|
$ 18,136
|
|
24
|
|
Less: TDRs included in non-accrual loans
|
|
(5,435)
|
|
(7)
|
|
(4,887)
|
|
(5)
|
|
Total accrual TDR loans
|
|
$ 13,133
|
|
23
|
|
$ 13,249
|
|
19
|
|
| Schedule of Loans Contractual Terms to Maturity |
The following table sets forth certain information at December 31, 2015 and 2014 regarding the dollar amount of loans maturing in the Bank’s portfolio based on their contractual terms to maturity. Demand loans, loans having no stated schedule of repayments and no stated maturity, and overdrafts are reported as due in one year or less.
|
|
|
|
|
|
|
|
|
December 31, 2015
|
|
Due within one
|
|
Due after one year
|
|
Due more than
|
|
(dollars in thousands)
|
|
year after
|
|
through five years from
|
|
five years from
|
|
Description of Asset
|
|
December 31, 2015
|
|
December 31, 2015
|
|
December 31, 2015
|
|
Real Estate Loans
|
|
|
|
|
|
|
|
Commercial
|
|
$ 53,502
|
|
$ 122,043
|
|
$ 437,934
|
|
Residential first mortgage
|
|
7,417
|
|
31,614
|
|
110,936
|
|
Construction and land development
|
|
27,609
|
|
5,025
|
|
3,555
|
|
Home equity and second mortgage
|
|
330
|
|
1,134
|
|
20,252
|
|
Commercial loans
|
|
67,246
|
|
-
|
|
-
|
|
Consumer loans
|
|
200
|
|
150
|
|
16
|
|
Commercial equipment
|
|
7,899
|
|
17,635
|
|
4,397
|
|
Total loans
|
|
$ 164,203
|
|
$ 177,601
|
|
$ 577,090
|
|
|
|
|
|
|
|
|
|
December 31, 2014
|
|
Due within one
|
|
Due after one year
|
|
Due more than
|
|
(dollars in thousands)
|
|
year after
|
|
through five years from
|
|
five years from
|
|
Description of Asset
|
|
December 31, 2014
|
|
December 31, 2014
|
|
December 31, 2014
|
|
Real Estate Loans
|
|
|
|
|
|
|
|
Commercial
|
|
$ 114,300
|
|
$ 184,317
|
|
$ 262,463
|
|
Residential first mortgage
|
|
21,110
|
|
58,320
|
|
73,407
|
|
Construction and land development
|
|
26,867
|
|
9,503
|
|
-
|
|
Home equity and second mortgage
|
|
2,238
|
|
6,926
|
|
12,288
|
|
Commercial loans
|
|
73,625
|
|
-
|
|
-
|
|
Consumer loans
|
|
303
|
|
275
|
|
35
|
|
Commercial equipment
|
|
17,497
|
|
5,826
|
|
2,829
|
|
Total loans
|
|
$ 255,940
|
|
$ 265,167
|
|
$ 351,022
|
|
| Schedule of Loans Due After One Year |
The following table sets forth the dollar amount of all loans due after one year from December 31, 2015 and 2014, which have predetermined interest rates and have floating or adjustable interest rates.
|
|
|
|
|
|
|
|
|
December 31, 2015
|
|
|
|
|
|
|
|
(dollars in thousands)
|
|
|
|
Floating or
|
|
|
|
Description of Asset
|
|
Fixed Rates
|
|
Adjustable Rates
|
|
Total
|
|
Real Estate Loans
|
|
|
|
|
|
|
|
Commercial
|
|
$ 114,570
|
|
$ 445,407
|
|
$ 559,977
|
|
Residential first mortgage
|
|
109,041
|
|
33,509
|
|
142,550
|
|
Construction and land development
|
|
3,555
|
|
5,025
|
|
8,580
|
|
Home equity and second mortgage
|
|
1,806
|
|
19,580
|
|
21,386
|
|
Commercial loans
|
|
-
|
|
-
|
|
-
|
|
Consumer loans
|
|
166
|
|
-
|
|
166
|
|
Commercial equipment
|
|
20,145
|
|
1,887
|
|
22,032
|
|
|
|
$ 249,283
|
|
$ 505,408
|
|
$ 754,691
|
|
|
|
|
|
|
|
|
|
December 31, 2014
|
|
|
|
|
|
|
|
(dollars in thousands)
|
|
|
|
Floating or
|
|
|
|
Description of Asset
|
|
Fixed Rates
|
|
Adjustable Rates
|
|
Total
|
|
Real Estate Loans
|
|
|
|
|
|
|
|
Commercial
|
|
$ 92,367
|
|
$ 354,413
|
|
$ 446,780
|
|
Residential first mortgage
|
|
105,082
|
|
26,645
|
|
131,727
|
|
Construction and land development
|
|
3,859
|
|
5,644
|
|
9,503
|
|
Home equity and second mortgage
|
|
2,362
|
|
16,852
|
|
19,214
|
|
Commercial loans
|
|
-
|
|
-
|
|
-
|
|
Consumer loans
|
|
310
|
|
-
|
|
310
|
|
Commercial equipment
|
|
6,625
|
|
2,030
|
|
8,655
|
|
|
|
$ 210,605
|
|
$ 405,584
|
|
$ 616,189
|
|
| Related Party Loans |
|
|
|
|
|
|
|
|
|
|
|
At and For the Years Ended December 31,
|
|
(dollars in thousands)
|
|
2015
|
|
2014
|
|
2013
|
|
|
|
|
|
|
|
|
|
Balance, beginning of period
|
|
$ 24,403
|
|
$ 16,601
|
|
$ 6,987
|
|
Loans and additions
|
|
6,822
|
|
407
|
|
536
|
|
Change in Directors' status
|
|
(642)
|
|
8,953
|
|
10,077
|
|
Repayments
|
|
(2,478)
|
|
(1,558)
|
|
(999)
|
|
Balance, end of period
|
|
$ 28,105
|
|
$ 24,403
|
|
$ 16,601
|
|